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~AFNN $ 1.12 X $1.17 Heads up...looks like a 1-1 with MMTV which is $2.50 X $4.00. ~Rig
Todays Press Release...
New Mexico Software Reports Q1 '05 Financial Results
ALBUQUERQUE, N.M., May 17, 2005 /PRNewswire-FirstCall via COMTEX/ --
New Mexico Software, Inc. (OTC Bulletin Board: NMXS) reported today that revenue for the first quarter ended March 31, 2005, increased to $464,000, a 26.4% improvement over revenue of $367,000 in the first quarter a year ago. Net income was $13,000 or $0.00 earnings per share versus $19,000 or $0.00 per share in the comparable quarter a year ago.
Revenue generated by software sales in Q1 '05 increased 51%, or $84,000, compared to the same quarter last year. This increase in software sales is mostly attributable to a single customer.
Custom programming revenue for the quarter increased to $49,000 compared to negligible sales a year ago. Revenues generated by license fees decreased by 68%, or $17,000 during the quarter compared to the prior year's period. The decrease is primarily because the company did not enter into any significant license agreements. Revenue generated by scanning services increased 12%, or $5,000 in the quarter compared to Q1 '04.
New Mexico Software President and CEO Dick Govatski said, "In general, our key indicator of operating progress is gross revenue. For the three-month periods ending March 31, 2005 and 2004, personnel-related expenses have accounted for approximately 56% of our operating expenses, with fixed costs such as building and equipment rent, utilities, insurance, communications and depreciation accounting for an additional 13%. The only personnel-related costs that are directly variable with sales are those associated with custom programming because they are directly billable. This means that approximately 70% of our expenses are relatively fixed. All of the remaining expenses vary, but less than 5% varies directly with sales. We will incur more definite variable costs associated with our new customer products in 2005. At that time, we may be able to use some other indicators such as gross margins to help analyze performance, but for 2004 and in the first quarter of 2005, gross revenue is our primary indicator of when we will achieve profitability and break-even cash flow.
"We anticipate that sales of Roswell and XR-EXpress will increase gradually over the next two years," Govatski continued. "However, since they are high-level enterprise systems, their sales are characterized by a small number of contracts with much higher revenues than our other products. As a result, their sales growth will most likely be inconsistent from one quarter to the next. Sales of these enterprise products will be balanced by sales of our desktop products.
"Overall, we are pleased with our results this quarter. We are committed to focusing on our cash flow and solidifying the consistency of our revenue stream."
About New Mexico Software
The company is a leading provider of next-generation digital lifecycle management solutions. It is the only public company providing totally integrated services that a customer would normally need to outsource to several different suppliers. With the New Mexico Software business model and technology, the company is able to provide the software, custom programming, hosting and database administration as a total solution.
For more information on New Mexico Software, contact Dick Govatski, (505) 255-1999, ceo@nmxs.com . An investment profile on New Mexico Software may be found at http://www.hawkassociates.com/nms/profile.htm . To be placed on an e-mail alert for news about New Mexico Software, contact Frank Hawkins or Ken AuYeung, Hawk Associates, at (305) 451-1888 or via e-mail at info@hawkassociates.com . For an online investor relations kit, go to http://www.hawkassociates.com or http://www.hawkmicrocaps.com .
The foregoing press release contains forward-looking statements including statements regarding the company's expectation of its future business. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the company's control. Actual results could differ materially from these forward-looking statements.
SOURCE New Mexico Software, Inc.
Dick Govatski, New Mexico Software, +1-505-255-1999, or
ceo@nmxs.com
; or Frank
Hawkins or Ken AuYeung, both of Hawk Associates, +1-305-451-1888, or
info@hawkassociates.com
, for New Mexico Software
http://www.prnewswire.com
--------------------------------------------------------------------------------
Copyright (C) 2005 PR Newswire. All rights reserved.
News provided by
~NMXS Earnings News...
New Mexico Software Reports Q1 '05 Financial Results
ALBUQUERQUE, N.M., May 17, 2005 /PRNewswire-FirstCall via COMTEX/ --
New Mexico Software, Inc. (OTC Bulletin Board: NMXS) reported today that revenue for the first quarter ended March 31, 2005, increased to $464,000, a 26.4% improvement over revenue of $367,000 in the first quarter a year ago. Net income was $13,000 or $0.00 earnings per share versus $19,000 or $0.00 per share in the comparable quarter a year ago.
Revenue generated by software sales in Q1 '05 increased 51%, or $84,000, compared to the same quarter last year. This increase in software sales is mostly attributable to a single customer.
Custom programming revenue for the quarter increased to $49,000 compared to negligible sales a year ago. Revenues generated by license fees decreased by 68%, or $17,000 during the quarter compared to the prior year's period. The decrease is primarily because the company did not enter into any significant license agreements. Revenue generated by scanning services increased 12%, or $5,000 in the quarter compared to Q1 '04.
New Mexico Software President and CEO Dick Govatski said, "In general, our key indicator of operating progress is gross revenue. For the three-month periods ending March 31, 2005 and 2004, personnel-related expenses have accounted for approximately 56% of our operating expenses, with fixed costs such as building and equipment rent, utilities, insurance, communications and depreciation accounting for an additional 13%. The only personnel-related costs that are directly variable with sales are those associated with custom programming because they are directly billable. This means that approximately 70% of our expenses are relatively fixed. All of the remaining expenses vary, but less than 5% varies directly with sales. We will incur more definite variable costs associated with our new customer products in 2005. At that time, we may be able to use some other indicators such as gross margins to help analyze performance, but for 2004 and in the first quarter of 2005, gross revenue is our primary indicator of when we will achieve profitability and break-even cash flow.
"We anticipate that sales of Roswell and XR-EXpress will increase gradually over the next two years," Govatski continued. "However, since they are high-level enterprise systems, their sales are characterized by a small number of contracts with much higher revenues than our other products. As a result, their sales growth will most likely be inconsistent from one quarter to the next. Sales of these enterprise products will be balanced by sales of our desktop products.
"Overall, we are pleased with our results this quarter. We are committed to focusing on our cash flow and solidifying the consistency of our revenue stream."
About New Mexico Software
The company is a leading provider of next-generation digital lifecycle management solutions. It is the only public company providing totally integrated services that a customer would normally need to outsource to several different suppliers. With the New Mexico Software business model and technology, the company is able to provide the software, custom programming, hosting and database administration as a total solution.
For more information on New Mexico Software, contact Dick Govatski, (505) 255-1999, ceo@nmxs.com . An investment profile on New Mexico Software may be found at http://www.hawkassociates.com/nms/profile.htm . To be placed on an e-mail alert for news about New Mexico Software, contact Frank Hawkins or Ken AuYeung, Hawk Associates, at (305) 451-1888 or via e-mail at info@hawkassociates.com . For an online investor relations kit, go to http://www.hawkassociates.com or http://www.hawkmicrocaps.com .
The foregoing press release contains forward-looking statements including statements regarding the company's expectation of its future business. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the company's control. Actual results could differ materially from these forward-looking statements.
SOURCE New Mexico Software, Inc.
Dick Govatski, New Mexico Software, +1-505-255-1999, or
ceo@nmxs.com
; or Frank
Hawkins or Ken AuYeung, both of Hawk Associates, +1-305-451-1888, or
info@hawkassociates.com
, for New Mexico Software
http://www.prnewswire.com
--------------------------------------------------------------------------------
Copyright (C) 2005 PR Newswire. All rights reserved.
News provided by
~GRYF News...
Greyfield Attains Record Revenue & Profit for Quarter; $210,361 in Revenue & $59,619 in Profit
By Staff
TOLEDO, Ohio, May 17, 2005 (PRIMEZONE via COMTEX) --
Greyfield Capital (Pink Sheets:GRYF) announces the company attained record revenue and profit for the quarter ending in April 2005. Revenues for the last three months totaled $210,361 with a net profit of $59,619.
This is a record for revenue and profit growth in the history of the company and the organization. Profit margins are at an all time high of 28%.
In addition, management is streamlining operations and the company should be able to achieve an additional increase of profit margins from this alone of 2-3 percentage points.
The company will seriously consider acquisitions and/or expansion as a way in which to increase revenues and profit.
Greyfield Capital is quoted on NQB Pink sheets as "GRYF."
About Greyfield Capital
Canadian Autorama ( http://www.theAutorama.com ), is a highly profitable, fast growing premium automobile dealership in Canada. Canadian Autorama has been in operation for the last 3 years and has experienced explosive growth and is quickly becoming the largest automobile dealership in central Canada.
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.
SOURCE: Greyfield Capital Inc
Greyfield Capital, Inc.
Dennis Hewins
(419) 593-4123
info@theautorama.com
--------------------------------------------------------------------------------
(C) 2005 PRIMEZONE, All rights reserved.
News provided by
~AFNN News... GM All!
AFMN, Inc. Releases Terms to Sell its Subsidiary, African American Medical Network, Inc. to PetCARE Television Network, Inc.
LOS ANGELES, May 17, 2005 (BUSINESS WIRE) --
AFMN, Inc. ("AFMN" or the "Company") (Pink Sheets:AFNN) announced today that it signed the binding definitive agreement to sell its subsidiary, African American Medical Network, Inc. ("African American Medical") to Medical Media Television, Inc. f/k/a PetCARE Television Network, Inc. ("Medical Media") (OTCBB:MMTV).
In conjunction with the merger, PetCARE Television Network, Inc. changed its name to Medical Media Television Network, Inc., effected a reverse split of its common stock, and will issue a stock dividend to its shareholders of record on May 10, 2005. A new subsidiary corporation was formed named PetCARE Television Network, Inc. ("PetCARE TV") which is the operating subsidiary of Medical Media.
Medical Media will issue 14,865,657 shares of its common stock to AFMN, Inc., the parent company of African American Medical, in exchange for all of the shares of African American Medical. Medical Media will file a registration statement on Form S-4 with the Securities and Exchange Commission registering those shares. Once the S-4 is declared effective by the Securities and Exchange Commission, the parties will consummate the merger and the 14,865,657 shares will be distributed to the AFMN, Inc. shareholders on a one for one basis. African American Medical will become an operating subsidiary of Medical Media.
African American Medical plans to provide educational programming to millions of African American patients through the installation of viewing systems in doctor's offices serving the African American population. PetCARE TV's educational programming focused on optimal healthcare for animal companions is currently aired in veterinary hospitals, is targeted to pet owners nationwide, and is viewed by approximately 4 million pet owners each month. Programming for both networks is funded, in part, by commercial advertisers that are reviewed and approved by advisory boards for each network.
Medical Media Networks plans to launch similar place-based media networks in the areas of pediatrics, obstetrics/gynecology, and dermatology with programming specific to each specialty.
The corporate offices of AFMN, Inc. and African American Medical are located at 6601 Center Drive West, Suite 521, Los Angeles, California 90045. For more information about AFMN, Inc. or African American Medical, call Robert Cambridge, Executive Vice President, at 310-348-8170 or visit its website at http://www.africanamericanmedicalnetwork.com . The corporate offices of Medical Media and PetCARE TV are located at 8406 Benjamin Road, Suite C, Tampa, Florida 33634. Questions may be addressed to Teresa J. Bray, Vice President at 813-888-7330. More information on PetCARE TV, its business model, and products can be found on its website: http://www.petcaretv.com .
This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities of AFMN, Inc. Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.
SOURCE: AFMN, Inc.
AFMN, Inc., Los Angeles
Robert Cambridge, 323-377-0172 or 310-348-8170
--------------------------------------------------------------------------------
Copyright Business Wire 2005
News provided by
Susie,
I could have but most of the mail goes into the trash can before its gets into my house.lol.
~Rig
glassy, I have it at 16:01 :) ~Rig
~NAUC News...
Net2Auction Announces 8 New Locations For eBay Drop-Off Services; Net2Auction is a Leading Provider of Auction Drop-Off Services
LAS VEGAS, May 16, 2005 (BUSINESS WIRE) --
Net2Auction Inc. (Pink Sheets: NAUC) announced eight new locations for its eBay drop-off services that allow people to easily sell their items on eBay by dropping unwanted goods off at Net2Auction locations.
The eight new locations can be seen at http://www.net2auction.com/locations_state.html#ca, and with the addition of these eight locations, the total number of Net2Auction drop-off locations has been brought to 14. Net2Auction's virtual store tour and promotional video can be seen at http://www.net2auction.com/videos.html.
Delmar Janovec, Net2Auction president, commented, "Given our rapid expansion and having opened additional locations so quickly, Net2Auction is setting the stage as a leading national contender in the auction drop-off business. We are positioning ourselves to be the fastest growing company in our space in terms of opening locations at a faster rate than any other company in the marketplace.
"With an opportunity to tap into what is estimated to be a $30 billion annual industry, and with the staggering number of people who can't or don't want to sell items on eBay themselves, we believe we are targeting a market with immeasurable opportunity by offering a simple five-minute eBay drop-off service," Janovec continued.
The company provides a full-service eBay auction listing program that boasts a customer satisfaction rating that exceeds 99%. Selling on eBay with Net2Auction is easy -- customers just bring valuable, yet unwanted goods into a Net2Auction drop-off location and we do all of the work.
Customers can get in and out of our store in less than five minutes, and we take care of all the eBay selling tasks including product description, photos, payment processing and collection, and shipping. In exchange for providing eBay drop-off and consignment services to its customers, Net2Auction charges a service fee against the final sale price of the item.
Offering 14 eBay drop-off locations in California through partnership agreements with pack and ship retail centers, Net2Auction has a winning formula for success: we have no cost of inventory, we are undergoing rapid expansion and we reap lucrative consignment fees while making our customers money.
Net2Auction's rapid expansion is fueled by the growing number of U.S. consumers who would like to sell their unwanted goods on eBay, but don't have the time, energy or know-how to do so. Management believes that the company is facing an unprecedented growth opportunity in what is believed to be a $30 billion annual industry.
As auction drop-off services such as Net2Auction are gaining the momentum that has been expected, industry analysts expect this exponential growth to continue.
More information is available at www.Net2Auction.com . Investors and media can receive a free investor kit for Net2Auction Inc. by contacting Investor Relations at investors@net2auction.com or 800-450-1935. Net2Auction's virtual store tour and promotional video can be viewed at http://www.net2auction.com/videos.html.
About Net2Auction
Net2Auction Inc. is a leading provider of auction drop-off services that allow people to easily sell their items on eBay by dropping unwanted goods off at Net2Auction locations. Getting its customers in and out of its drop-off locations in less than five minutes, the company offers a full-service eBay listing program that requires almost no effort on the customers' part.
Currently undergoing rapid expansion, Net2Auction's growth is fueled by the increasing number of consumers who would like to sell unwanted goods on eBay but don't have the time, energy or know-how to do so.
Net2Auction - You bring it in. We auction it online.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein.
SOURCE: Net2Auction Inc.
Net2Auction Inc.
Investor Relations, 800-450-1935
investors@Net2Auction.com
www.Net2Auction.com
--------------------------------------------------------------------------------
Copyright Business Wire 2005
News provided by
~GRYF News...
Greyfield Announces Record Revenue & Profit for Quarter; $210,361 in Revenue & $59,619 in Profit
TOLEDO, Ohio, May 16, 2005 (BUSINESS WIRE) --
Greyfield Capital (Pink Sheets:GRYF) announces record revenue and profit for the quarter ending in April 2005. Revenues for the last three months totaled $210,361 with a net profit of $59,619.
This is a record for revenue and profit growth in the history of the company and the organization. Profit margins are at an all-time high of 28%.
In addition, management is streamlining operations and the company should be able to achieve an additional increase of profit margins from this alone of 2-3 percentage points.
The company will seriously consider acquisitions and/or expansion as a way in which to increase revenues and profit.
Greyfield Capital is quoted on NQB Pink Sheets as "GRYF."
About Greyfield Capital
Canadian Autorama ( http://www.theAutorama.com ) is a highly profitable, fast-growing premium automobile dealership in Canada. Canadian Autorama has been in operation for the last three years, and has experienced explosive growth and is quickly becoming the largest automobile dealership in central Canada.
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.
SOURCE: Greyfield Capital Inc.
Greyfield Capital Inc.
Dennis Hewins, 419-593-4123
info@theautorama.com
--------------------------------------------------------------------------------
Copyright Business Wire 2005
News provided by
Looks good glassy!! ~Rig
~MBTT Chart...
~Rig
~MBTT .052 X .055 This one could be explosive if they announce orders IMO.
~Rig
~NAUC some nice buying at $1.54 now.~Rig
~GRYF .045 X .055 nice volume,Looking good thus far! ~Rig
~MBTT .046 X .05 getting some action.~Rig
glassy,
One we take out EFGI MMKR could get fun!
reminds me of SHGY
~Rig
Chewing through some shares today.With good earnings today, next leg up could come fast.I believe there are also some nice pr's in the pipe.
~Rig
In for some NAUC ~Rig
Rigel_7,
I have lots of patience with this one.I can read the writing on the walls.
~Rig
~AMHI .124 X .129 tweeked the bid and ask up a bit.~Rig
Very nice EZ!!! ~Rig
~AMHI .12 X .125 Nice News... Chart..
http://biz.yahoo.com/prnews/050516/lam097.html?.v=9
~Rig
TRADE_4_MONEY, let's hope the volume continues ~Rig
.04 X .042 Weeeeeeeeeeeeeeeeeeeeeeeeeeeee Thanks dream! ~Rig
Rigel_7,
Yes, good news and I would expect to hear something in the way of institutional investing in the near future.I also would guess that the company will have some nice news to share maybe something related to their Acq plans or maybe new contracts IMO.
~Rig
~QOIL .22 X .24 Bid strengthening a bit.Chart...
~Rig
~MAKY .035 X .038 thanks Dream, ~Rig
~AFNN $ 1.16 X $ 1.24 double plus so far :) Looks like its headed higher IMO ~Rig
~QOIL News...
Quest Oil Arranges $750,000 Funding for Acadia Gas Project
By Staff
ARLINGTON, Texas, May 16, 2005 (PRIMEZONE via COMTEX) --
Quest Oil Corporation (OTCBB:QOIL), is pleased to announce that the Company has engaged the services of Midtown Capital Partners Co., LLC to negotiate and secure a $750,000 financing to forward its Acadia gas projects. Upon closing definitive agreements, the Company will announce terms and conditions of the transaction through 8K filing.
Commenting on the announcement, Rod Bartlett, Quest's President, said, "The Acadia Project is a key element of Quest's downstream projects. With a successful financing effort, this will mark a significant milestone in our progress toward bringing the Acadia project on stream."
Cameron King, CFO, added, "Midtown Partners & Co., LLC is acting as lead placement agent in arranging the necessary institutional funding for this project. Quest welcomes Midtown as a financial partner as well as providing long term commitment for strategic growth opportunities."
The Acadia North Project is located 160 KM due east of Calgary, Alberta. Quest's holds 100% interest in two sections of land that are underlain by the Viking sand reservoir that contains 15 BFC of gas-in-place. Seismic activities for the Acadia Project began in December 2004 when Quest authorized expenditures with Vega Resources and contracted Transaction Oil and Gas Ventures as Project operator.
ABOUT QUEST OIL CORPORATION
Quest Oil is an oil and gas company dedicated to solving North America's complex energy problems. Quest Oil identifies, acquires and develops working interest percentages in smaller, underdeveloped oil and gas projects in Alberta, Canada, Pennsylvania, Texas and other U.S. promising locales. Through the use of modern development techniques such as horizontal drilling and 3-D seismic, the company enhances production from underdeveloped and under-utilized projects, as it pursues oil and gas production throughout North America.
ABOUT MIDTOWN PARTNERS & CO., LLC
Originally founded in May 2000, Midtown Partners & Co., LLC is an investment bank focused on private placement investment banking opportunities. The investment banking group at Midtown Partners & Co., LLC was founded on the premise that client relationships and industry focus are keys to the success of emerging growth companies. Such companies require investment banking services from a firm with a unique understanding of the marketplace and the nature of these transactions. Additional information can be found at http://www.midtownpartners.com .
Safe Harbor for Forward-Looking Statements:
ON BEHALF OF THE BOARD Quest Oil Corporation
Mr. Cameron King MBA, CFO
To find out more about Quest Oil Corporation (OTCBB:QOIL), visit our website at www.questoil.com CONTACT: Darren Hayes, Corporate Development PH: 866-264-7668
Except for statements of historical fact, the information presented herein constitutes 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 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 Quest Oil Corporation has little or no control. Additional disclosures regarding the Company are contained in our public filings made with the United States SEC. Please visit the SEC website at www.sec.gov for more information.
SOURCE: Quest Oil
Quest Oil Corporation
Darren Hayes, Corporate Development
Phone: (866) 264-7668
--------------------------------------------------------------------------------
(C) 2005 PRIMEZONE, All rights reserved.
News provided by
~CESV S & P News...
China Energy Savings Technology Company Information Available Through Standard & Poor's Market Access Program
HONG KONG, May 16, 2005 /Xinhua-PRNewswire via COMTEX/ --
China Energy Savings Technology, Inc. (Nasdaq: CESV) announced today that its company information will be made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's Advisor Insight.
The company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. Standard & Poor's Advisor Insight is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at the following URL: http://www.advisorinsight.com .
Additionally, information about companies in Standard & Poor's Market Access Program will be available via S&P's Stock Guide database, which is distributed electronically to virtually every major stock quote vendor. As part of the program, a full description of China Energy Savings Technology will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in approximately 37 states under the Blue Sky Laws.
About China Energy Savings Technology
The company is a holding company that owns 100% of Starway Management Limited whose subsidiaries are engaged in the manufacturing and sales of advanced technology energy-saving products in the People's Republic of China (PRC). 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
Website:
http://www.cesv-inc.com
Email:
contactus@cesv-inc.com
SOURCE China Energy Savings Technology, Inc.
John Roskelley, First Global Media, +1-480-902-3110, or
jroskelley@firstglobalmedia.com
http://www.prnewswire.com
--------------------------------------------------------------------------------
Copyright (C) 2005 PR Newswire. All rights reserved.
News provided by
~Todays News Release...
China Energy Savings Technology Company Information Available Through Standard & Poor's Market Access Program
HONG KONG, May 16, 2005 /Xinhua-PRNewswire via COMTEX/ --
China Energy Savings Technology, Inc. (Nasdaq: CESV) announced today that its company information will be made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's Advisor Insight.
The company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. Standard & Poor's Advisor Insight is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at the following URL: http://www.advisorinsight.com .
Additionally, information about companies in Standard & Poor's Market Access Program will be available via S&P's Stock Guide database, which is distributed electronically to virtually every major stock quote vendor. As part of the program, a full description of China Energy Savings Technology will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in approximately 37 states under the Blue Sky Laws.
About China Energy Savings Technology
The company is a holding company that owns 100% of Starway Management Limited whose subsidiaries are engaged in the manufacturing and sales of advanced technology energy-saving products in the People's Republic of China (PRC). 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
Website:
http://www.cesv-inc.com
Email:
contactus@cesv-inc.com
SOURCE China Energy Savings Technology, Inc.
John Roskelley, First Global Media, +1-480-902-3110, or
jroskelley@firstglobalmedia.com
http://www.prnewswire.com
--------------------------------------------------------------------------------
Copyright (C) 2005 PR Newswire. All rights reserved.
News provided by
kristi,
welcome!
~Rig
You buddy is back
http://www.investorshub.com/boards/read_msg.asp?message_id=6328684
~CCCI "E" Another candidate for you...
Good change for that "E" to come off shortly.
~Rig
~QOIL .20 X .22 Possible reversal...
Hope all is well!
~Rig
~QOIL News...
Quest Oil Engages Midtown Partners to Provide Funding for Acadia Gas Project
By Staff
ARLINGTON, Texas, May 13, 2005 (PRIMEZONE via COMTEX) --
Quest Oil Corporation (OTCBB:QOIL), is pleased to announce that the Company has engaged the services of Midtown Capital Partners Co., LLC to negotiate and secure a financing to forward its Acadia gas projects. Upon closing definitive agreements the Company will announce terms and conditions of the transaction through an 8K filing.
Commenting on the announcement, Rod Bartlett, Quest's President, said, "The Acadia Project is a key element of Quest's downstream projects. With a successful financing effort we will mark a significant milestone in our progress toward bringing the Acadia project on stream."
Cameron King, CFO, added, "Midtown Partners & Co., LLC is acting as lead placement agent in arranging the necessary institutional funding for this project. Quest welcomes Midtown Partners as a financial partner as well as providing long term commitment for strategic growth opportunities."
The Acadia North Project is located 160 KM due east of Calgary, Alberta. Quest's holds 100% interest in two sections of land that are underlain by the Viking sand reservoir that contains 15 BFC of gas-in-place. Seismic activities for the Acadia Project began in December, 2004 when Quest authorized expenditures with Vega Resources and contracted Transaction Oil and Gas Ventures as Project operator.
ABOUT QUEST OIL CORPORATION
Quest Oil is an oil and gas company dedicated to solving North America's complex energy problems. Quest Oil identifies, acquires and develops working interest percentages in smaller, underdeveloped oil and gas projects in Alberta, Canada, Pennsylvania, Texas and other US promising locales. Through the use of modern development techniques such as horizontal drilling and 3-D seismic, the company enhances production from underdeveloped and under-utilized projects, as it pursues oil and gas production throughout North America.
ABOUT MIDTOWN PARTNERS & CO., LLC
Originally founded in May 2000, Midtown Partners & Co., LLC is an investment bank focused on private placement investment banking opportunities. The investment banking group at Midtown Partners & Co., LLC was founded on the premise that client relationships and industry focus are keys to the success of emerging growth companies. Such companies require investment banking services from a firm with a unique understanding of the marketplace and the nature of these transactions. Additional information can be found at http://www.midtownpartners.com .
ON BEHALF OF THE BOARD Quest Oil Corporation
Mr. Cameron King MBA, CFO
To find out more about Quest Oil Corporation (OTCBB:QOIL), visit our website at www.questoil.com
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes 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 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 Quest Oil Corporation has little or no control. Additional disclosures regarding the Company are contained in our public filings made with the United States SEC. Please visit the SEC website at www.sec.gov for more information.
SOURCE: Quest Oil
Quest Oil
Darren Hayes, Corporate Development
866-264-7668
--------------------------------------------------------------------------------
(C) 2005 PRIMEZONE, All rights reserved.
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~AFNN $1.10 X $ 1.19 nice close!! Official double now :)Great weekend to all! ~Rig
Looking great Joye!!! ~Rig
~QOIL back in @ .21 Looking for reversal...
~Rig