pis...(put something here)
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.
ITRO:
Itronics' GOLD'n GRO Fertilizer Sales Up 417 Percent in First Five Months of
2002, Increase in Silver and Gold
Prices Benefits Itronics
Business Editors
RENO, Nev.--(BUSINESS WIRE)--June 5, 2002--Itronics Inc.
(OTCBB:ITRO) today reported that GOLD'n GRO fertilizer sales by its
subsidiary, Itronics Metallurgical, Inc., increased 417 percent for
the first five months of 2002 compared to the same period last year.
Sales were up 450 percent in April and May.
The Company also announced that strengthening gold and silver
markets worldwide are having a significant positive benefit for
Itronics and that ongoing trials of GOLD'n GRO products in California
and Colorado could yield significant new markets for the Company.
"GOLD'n GRO zinc, a chelated liquid zinc micronutrient that we
introduced last fall for the specialty agricultural market, continues
to gain significant market acceptance," said Dr. John Whitney,
Itronics President. "We have also completed an expansion at our Reno
processing plant that means increased manufacturing capacity and more
efficient tank truck loading."
Dr. Whitney said that trials using GOLD'n GRO are being conducted
by a major university at peach orchards in southwest Colorado, and in
conjunction with the Company's distributor network on table grapes,
several turf farms, and on golf courses in Southern California. The
trials could prove important for future marketing strategies.
"We're pleased to see that gold and silver prices are increasing,
directly benefiting Itronics because we capture silver from
photowastes in our manufacturing process, and indirectly, because of
our investment in Golden Phoenix Minerals, Inc. (OTCBB:GPXM), a Nevada
gold, copper and silver mining company. The fundamental change in
market condition for these precious metals also should benefit our
wholly owned mining technical services subsidiary, Whitney & Whitney,
Inc.," Dr. Whitney said.
Itronics Metallurgical sells its high performance GOLD'n GRO
liquid fertilizer, which also can be used for lawns and houseplants,
and its popular Silver Nevada Miner bars, a souvenir of the Silver
State, through its shopping cart catalog at the Company's Web site:
http://www.itronics.com.
Itronics, through its subsidiary, Itronics Metallurgical, Inc., is
the only company in the world with the technology to extract more than
99 percent of the silver and virtually all the other toxic heavy
metals from photowaste and to convert the resulting liquid into
environmentally beneficial, chelated, multinutrient liquid fertilizer
products sold under the trademark GOLD'n GRO. Itronics was one of five
finalists for the 2001 Kirkpatrick Chemical Engineering Award, the
most prestigious worldwide award in chemical engineering technology.
Itronics Inc. is one of Nevada's leading process technology
development companies and a world leader in photochemical recycling.
Headquartered in Reno, Nevada, it specializes in recycling technology
development, photobyproduct recycling, silver refining, and technical
services for the mining and recycling industries. Dr. John Whitney,
Itronics President, was selected as Nevada's Inventor of the Year for
2000 and is a member of the Inventor's Hall of Fame at the University
of Nevada, Reno.
VISIT OUR WEB SITE: www.itronics.com
(The statements in this news release that are not historical facts
or statements of current status are forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995 that
involve risk and uncertainties. Actual results may differ materially.)
--30--nj/sf*
CONTACT: Itronics
Paul Knopick, 888/795-6336
KEYWORD: NEVADA
INDUSTRY KEYWORD: CHEMICALS/PLASTICS ENVIRONMENT MINING/METALS
PRODUCT
SOURCE: Itronics
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
Jun-05-2002 11:00 GMT
Symbols:
US;ITRO
Source BW Business Wire
Categories:
MST/R/US/NV MST/I/CHM MST/I/POL MST/I/MNG MST/S/PDT
Thanks bb and Patsy. Actually Patsy that is what I have been doing - I was lucky enough to have work that I could do from home up until now and still trade on the side. I'll have to try trading full-time now again until the summer is over - my two kids are getting out of school in a few weeks (bad timing for this).
I lost my job today - I'll probably be hanging around here a bit more often.
What did you get out of today? LOL
It should see $2 once the shorts all cover (I hope - LOL).
Patsy,
It's looking great in pre-market now - wish I bought more yesterday!
EDSN - check it out:
Edison Schools Reaches Agreement on Terms for $40 Million In New Funding to Fina
/FROM PR NEWSWIRE NEW YORK 800-776-8090/
TO BUSINESS, EDUCATION AND CITY EDITORS:
Edison Schools Reaches Agreement on Terms for $40 Million
In New Funding to Finance Growth
Chelsey Capital to Provide New Credit Line and Merrill Lynch
To Extend and Expand Existing Facility
Funds to Be Used for New Edison Schools in Philadelphia
Plus Other Additional Sites for Fall 03
Financing Is Subject to Final Documentation
NEW YORK, June 4 /PRNewswire-FirstCall/ -- Edison Schools (Nasdaq: EDSN),
the nation's leading private manager of public schools, announced today that
it had reached agreement on terms for $40mm in new funding through credit
lines from Chelsey Capital and Merrill Lynch. Definitive terms have been
agreed upon. The financing is subject to final documentation and closing
conditions. The capital will be used, in part, to fund the company's launch
of new schools in Philadelphia and elsewhere as well as to open expansion
sites in more than a dozen other cities this fall.
"As we have done in every year of our operations, we have been successful
in finding the capital we need to fund our growth and expansion," said Chris
Whittle, Edison's CEO. "We are very pleased to add Chelsey Capital as one of
the financial institutions supporting the continuing growth of one of the
nation's largest systems of schools."
"We believe deeply in Edison's mission to create better public schools.
We're excited not only about the economic opportunity that this company
represents to investors, but by its tremendous efforts on behalf of children,
particularly those within our nation's inner cities," said William Wachtel,
general counsel of Chelsey. "We're pleased to add my colleague Bill Wachtel
and his recognized passion for the betterment of the public sector," said
Benno Schmidt, Edison's Chairman.
The terms of the financing provide that Merrill Lynch's existing
$35 million accounts receivable-backed facility be augmented by $20 million of
which $10 million will be funded by Merrill Lynch and $10 million will be
funded by Chelsey. In addition, Chelsey will establish a separate and
additional $20 million facility that is secured by Edison's real estate and
note receivable assets which will be drawn upon as additional management
agreements are entered into. Lenders in the transactions will receive a
warrant to purchase approximately 10.7 million shares of common stock for
$1.00 per share.
Edison is the nation's largest private manager of public schools,
educating approximately 74,000 students at 133 schools in 49 cities and
22 states. Through contracts with local school districts, states, and public
charter school boards, Edison assumes educational and operational
responsibility for individual schools in return for funding that is generally
comparable to that spent on other public schools in the area. Over the course
of three years of intensive research, Edison's team of leading educators and
scholars developed an innovative curriculum and school design. Edison opened
its first four schools in August 1995, and has grown rapidly in every
subsequent year.
Any statements in this press release about future expectations, plans and
prospects for Edison, including statements containing the words "believes,"
"anticipates," "plans," "expects," "will," and similar expressions, constitute
forward-looking statements within the meaning of The Private Securities
Litigation Reform Act of 1995. Actual results may differ materially from
those indicated by such forward-looking statements as a result of various
important factors, including the risk factors discussed in our most recent
quarterly report filed with the SEC. In addition, the forward-looking
statements included in this press release represent Edison's estimates as of
June 4, 2002. Edison anticipates that subsequent events and developments will
cause Edison's estimates to change. However, while Edison may elect to update
these forward-looking statements at some point in the future, Edison
specifically disclaims any obligation to do so. These forward-looking
statements should not be relied upon as representing Edison's estimates or
views as of any date subsequent to June 4, 2002.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X48618413
SOURCE Edison Schools
/CONTACT: Adam Field, Chief Financial Officer, +1-212-419-1623, orAdam Tucker,
Vice President of Communications, +1-212-419-1602, both of EdisonSchools/
/Web site: http://www.edisonschools.com /
Jun-04-2002 11:45 GMT
Symbols:
US;EDSN
Source PRN PR NewsWire
Categories:
NWR/NY NWI/EDU NWI/FIN MST/R/US/NY MST/I/EDU MST/I/BNK
GECC Unveils 'Sienna Broadcasting' -- A New Latino TV Concept
/FROM PR NEWSWIRE ATLANTA 404-231-1814/
TO BUSINESS AND RADIO-TELEVISION EDITORS:
GECC Unveils 'Sienna Broadcasting' -- A New Latino TV Concept
SPRINGDALE, Ark., June 3 /PRNewswire-FirstCall/ -- Golf Entertainment,
Inc. (OTC Bulletin Board: GECC) today unveiled its long term vision, a name
change and a step by step plan to redirect and re-establish itself, first, as
a multi-station Spanish language TV broadcaster, and eventually as a
nationwide TV network to serve the vast and growing Latino audience in the
U.S.
First order of business, according to CEO Dr. Tim Brooker, is to change
the corporation's name to one that better describes its new endeavor. "We are
a TV broadcaster, no longer in the golf business," said Brooker. "As soon as
we can file the paperwork, we'll be known as Sienna Broadcasting Corporation,
or 'SBC'."
The SBC vision flows from the Company's development of inexpensive local
transmitters erected throughout the nation for less than $250,000 each. Local
commercials will be sold, but core Spanish language programming would be fed
from the SBC Network Operations Center in Springdale, permitting quick, low-
cost expansion.
"Low cost installation and operation will allow us to grow at a rapid
pace," said Brooker. "The system will be operated efficiently by a dozen
staffers in addition to the commission sales force. We will focus on those
small communities which have mushrooming Latino populations to give us a
continually expanding audience."
SBC is finalizing acquisition of KVAQ-LP, in Springdale, Arkansas,
corporate headquarters of GECC, for a final payment of $291,000.
Additionally, SBC has targeted two Oklahoma stations for immediate
acquisition: one in Oklahoma City and one in Tulsa, for an estimated package
price of about $750,000.
SBC created an immediate revenue stream and reported earnings in the first
quarter of fiscal 2002 through operations associated with KVAQ-LP. The
Company is now negotiating for acquisition of two additional stations in
Oklahoma. SBC's plan is to market a 3-station Springdale-Tulsa-Oklahoma City
regional advertising package.
SBC's goal is to create a revenue flow with these properties that will
stabilize the book value of each individual station at about $2 million per
station after a year of solid operation.
From a 3-station base, GECC plans to obtain FCC licenses to install
economical pre-fab station modules in 10 additional locations in Arkansas,
Mississippi, Tennessee, Alabama and Georgia at an initial expenditure of
approximately $2.5 million dollars in 2003. Another 15 stations would be
built in 2004 along the East Coast.
This news release contains forward-looking statements regarding our
business, objectives, financial condition and future performance. These
forward-looking statements include, among other things, statements relating to
expected levels of cash and future profitability. These forward-looking
statements are subject to risks and uncertainties detailed from time to time
in the company's SEC filings, including the report on Form 10K for the fiscal
year that ended December 31, 2001. These risks and uncertainties could cause
actual results to differ materially from those expressed or implied in such
forward-looking statements.
About Golf Entertainment: Golf Entertainment, Inc. is a commercial
broadcast TV program provider. We offer a broad range of creative, news,
infomercial and other programming products for the rapidly growing Hispanic
population in the United States. The company is headquartered in Springdale,
Arkansas.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X29128142
SOURCE Sienna Broadcasting Corporation
/CONTACT: David Duncan of GECC-Sienna Broadcasting, +1-479-751-2300, orJack
Burney of Asset Professional Services, +1-713-729-5233, orjburney@houston.rr.com
, for GECC-Sienna Broadcasting /
Jun-03-2002 14:20 GMT
Symbols:
US;GECC
Source PRN PR NewsWire
Categories:
NWR/AR NWI/TVN NWI/ENT NWI/OTC NWS/HSP NWS/RCN MST/R/US/AR MST/I/MOV
MST/I/ENT MST/I/MKT MST/S/FNC
FLNT DAVIE, Fla.--(BUSINESS WIRE)--May 31, 2002--FuelNation Inc.
(OTCBB:FLNT) today announced they hired Richard A. Frueh, CEO of
GunnAllen, to consult and negotiate on behalf of FuelNation for an $11
million investment. FuelNation received a term sheet for the $11
million needed to submit the application for the Municipal Taxable
Bond Issue, which terms should be finalized within two weeks.
Chris Salmonson, CEO of FuelNation stated, "We are very pleased
that Mr. Frueh has agreed to provide consulting and negotiate the
investment for FuelNation. During the last nine months with all of the
events happening in the market, it has been very difficult to arrange
the $11 million dollars needed for the bond application even when the
investor has no exposure. The $11 million dollars will pay the
application and commitment fees, interest for three years and retain
the legal counsel to prepare the documents. Richard A. Frueh has taken
the lead negotiating with investors to provide the funds needed for
the bond issue."
Salmonson continues to say, "During this time we have been
negotiating with several municipalities and arranging to move our
planned acquisitions into community redevelopment, economic
development and enterprise zones. There are tremendous incentives for
the company and the municipality by locating our acquisitions in the
development zones and working with the different development agencies.
We feel confident that the underwriting of the Municipal Taxable Bond
Issue will allow us to complete our construction and acquisitions
without any dilution to shareholders. The Bond issue will allow the
Company to draw the proceeds over a three-year period and convert to a
permanent mortgage amortized over fifteen years. The Municipality is
not responsible for the repayment or guarantee of the obligations. The
Municipality will only be a sponsor of an interlocal agreement with a
political agency that will be the issuer of the bonds."
Included in this release are "forward-looking statements."
Although the company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance
that such expectations reflected in such forward-looking statements
will prove to have been correct. The company's actual results could
differ materially from those anticipated in the forward-looking
statements as a result of certain factors including sales levels,
distribution and competition trends and other market factors.
--30--cp/mi*
CONTACT: FuelNation, Inc., Davie
Chris R. Salmonson, 954/587-3775 x102
Email: CRS@FuelNation.com
or
GunnAllen Financial
David Bernstein, 800/358-7498
Email: dbernstein@gunnallen.com
KEYWORD: FLORIDA
INDUSTRY KEYWORD: ENERGY ECOMMERCE OIL/GAS SOFTWARE
TELECOMMUNICATIONS
SOURCE: FuelNation Inc.
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
May-31-2002 16:05 GMT
Symbols:
US;FLNT
Source BW Business Wire
Categories:
MST/R/US/FL MST/I/OIS MST/I/SOF MST/I/TEL
I sold it last week at .03 - was going back and forth with it not sure if the options were done - got scared and bailed.
Skeena,
You might be right - options might be done - it is moving on low volume.
I did the oposite of you - took a real quick profit and got out right away at .10 - couldn't stand to watch the rest of the afternoon - that was a great run while it lasted.
bb,
What a call! Thanks, got in at .07 but didn't buy enough - I know, shouldn't look a gift horse in the mouth! LOL
Volume caught my eye - will take a look at it - thanks.
ENBC? Tell me more - what do you like about it?
Wasn't that the whole idea of getting the funding?
PCEL news:
Pacel Signs of Letter of Intent to Acquire Second PEO; Expected to Add More Than
$65 Million to FY02 Revenues
Business Editors/High-Tech Writers
MANASSAS, Va.--(BUSINESS WIRE)--May 23, 2002--Pacel Corp.
(OTCBB:PCEL) announced today that it has signed a letter of intent to
acquire its second Professional Employer Organization (PEO). PEOs
provide outsourced solutions for human resource functions, such as
payroll, benefits administration and support. The proposed acquisition
is expected to add more than $65 million to Pacel's year-end revenues
in fiscal 2002.
The Company previously announced on May 21, 2002 it signed a
letter of intent to acquire a $70 million PEO. Pacel expects to
execute a definitive agreement on the first PEO by the end of this
month. The Company expects to complete its due diligence on the second
PEO by mid-June and sign a definitive agreement by the end of the
second quarter. Terms of the acquisition were not disclosed.
David Calkins, CEO of Pacel, stated: "The combination of two PEOs
creates the opportunity for Pacel to benefit from economies of scale,
build an immediate nationwide presence and participate in
cross-marketing our products to an established and expansive client
base. With Internet security issues paramount in today's corporate
environment, our business complements the PEO organization, which most
often processes highly-confidential information."
Calkins added: "The two proposed acquisitions combined is expected
to add approximately $150 million in revenues to Pacel this year and
will complete the first round of our initial acquisition plans. We
look forward to updating our shareholders on the progress, in addition
to announcing other aggressive acquisition strategies."
Pacel Corporation, headquartered in Manassas, VA, is a software
applications development company specializing in the provision of
innovative software products for clients in the commercial, industrial
and government arenas. For more information on Pacel, visit
http://www.pacel.com and http://www.otcfn.com/pcel.
When used in this document and in our filings with the Securities
and Exchange Commission, in our press releases, or other public or
shareholder communications, and in oral statements made with the
approval of an authorized executive officer, the words or phrases
"will likely result," "are expected to," "will continue," "is
anticipated," "estimate," "project," or similar expressions are
intended to identify "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. These
statements are subject to certain risks and uncertainties that could
cause our actual results to differ materially from our historical
results and those we presently anticipate or project. You should not
place undue reliance on any forward-looking statements, which speak
only as of the date made. Various factors could affect our financial
performance and cause our actual results to differ materially from any
opinions or statements we express with respect to future periods in
any current statements. These factors include, but are not limited to,
the following: increases in our operating expenses outpacing our
revenues; our inability to expand our sales and distribution channels,
the failure of strategic relationships to implement and protect our
software products, the failure of third parties to develop software
components necessary for the integration of applications using our
software; and the use of our intellectual property by others.
--30--pp/mi*
CONTACT: OTC Financial Network, Needham, Mass.
Investor Relations:
Rick McCaffrey, 781/444-6100 ext. 621
rick@otcfn.com
or
Global Marketing & Management, Orlando, Fla.
John Overlie, 407/657-8000
KEYWORD: VIRGINIA
INDUSTRY KEYWORD: SOFTWARE ADVERTISING/MARKETING INTERNET
HUMAN RESOURCES MERGERS/ACQ
SOURCE: Pacel Corporation
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
May-23-2002 15:07 GMT
Symbols:
US;PCEL
Source BW Business Wire
Categories:
MST/R/US/VA MST/I/SOF MST/I/ADV MST/I/NET MST/S/JOB MST/S/MRG
GECC - news
Golf Entertainment Breaks Q1 Jinx; CEO Says Four Year Loss Trend Finally Halted
/FROM PR NEWSWIRE ATLANTA 404-231-1814/
TO BUSINESS, ENTERTAINMENT AND RADIO-TELEVISION EDITORS:
Golf Entertainment Breaks Q1 Jinx;
CEO Says Four Year Loss Trend Finally Halted
SPRINGDALE, Ark., May 20 /PRNewswire-FirstCall/ -- It's been four years
since Golf Entertainment, Inc., (OTC Bulletin Board: GECC GECCP) reported a
positive number on its bottom line in the first quarter. The last time the
company reported first quarter earnings was March 1998, when it stated
earnings of $83,000 on revenues of $8.1 million dollars. Since then, the
first quarter report has seldom had good news for shareholders, according to
the company's historical 10-Q's.
"When we file our 10Q later today, we'll report that this trend of first
quarter loss is finally broken," said Dr. Tim Brooker, the company's CEO.
Historically, the company reported losses of $450,000 in 1999, $716,000 in
2000 and $127,000 in 2001. "Today, we will report earnings of just over
$2,000 for the quarter ended March 31, 2002," he said. "While we're not
reporting a significant EPS, we are clearly showing that the trend has been
broken." The company has not reported a profitable year since 1998. In 1999,
it sold its $60 million dollar leasing portfolio and embarked in the
entertainment field.
The company refined its focus within the entertainment field on January 1,
2002, when it turned from golf to Spanish language television. Using
Springdale, Arkansas based television station KVAQ channel 20 as its test bed,
Brooker says the company has been fine-tuning its approach to marketing,
programming and creative services. "Our business model has been tested and
we're now launching our first round of fundraising. Our $5 million dollar
private placement will allow us to expand with acquisitions of existing
stations and construction of new stations, hopefully beginning in the third
quarter."
The company's focus is on small communities with burgeoning immigrant
Hispanic populations. "These newest Americans are flocking to semi-rural
southern communities where poultry and manufacturing operations have created a
desperate need for a labor force," Brooker explained. "We will be the local
Spanish language television provider for these new Hispanic communities."
With golf no longer its focus, Brooker said the company will soon file
corporate papers in Delaware changing its name to more closely reflect the new
mission of the company, perhaps as early as this week. "We want a name that
tells people what we're doing now, not two years ago," he said.
This news release contains forward-looking statements regarding our
business, objectives, financial condition and future performance. These
forward-looking statements include, among other things, statements relating to
expected levels of cash and future profitability. These forward-looking
statements are subject to risks and uncertainties detailed from time to time
in the company's SEC filings, including the report on Form 10K for the fiscal
year that ended December 31, 2001. These risks and uncertainties could cause
actual results to differ materially from those expressed or implied in such
forward-looking statements.
About Golf Entertainment
Golf Entertainment, Inc. is a commercial broadcast TV program provider. We
offer a broad range of creative, news, infomercial and other programming
products for the rapidly growing Hispanic population in the United States.
The company is headquartered in Springdale, Arkansas.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X32076430
SOURCE Golf Entertainment, Inc.
/CONTACT: David Duncan of Golf Entertainment, Inc., +1-479-751-2300/
May-20-2002 15:44 GMT
Symbols:
US;GECC
Source PRN PR NewsWire
Categories:
NWR/AR NWI/TLS NWI/TVN NWI/OTC NWS/HSP MST/R/US/AR MST/I/TEL
MST/I/MOV MST/I/MKT
Way to go OU - have a good weekend!
You can make money on a POS as long as you are careful!
PCEL NEWS
Pacel Issues Update On Progress Of Acquisition Strategy; Adds Two New Board
Members
Business Editors/High-Tech Writers
MANASSAS, Va.--(BUSINESS WIRE)--May 17, 2002--Pacel Corporation
(OTCBB:PCEL), a software applications development company, today
issued the following update to its shareholders on the progress of its
acquisition strategy.
Pacel CEO David Calkins, stated, "We are pleased to report our
acquisition program remains on track. Our restructuring program
lowered the float in our stock. Our recent private funding for up to
$3 million will fuel our growth strategies and further supports our
goal to control the dilution of our stock. Of the 60,000,000 shares
issued and outstanding, 50,000,000 are in lenders accounts as
collateral for the loan and the remaining 10,000,000 are in the
current float."
To direct and support its acquisition strategy, Pacel is also
announcing the interim appointments of Mr. Brian Bonar and Mr. Mark
Absher, Esq. to its Board of Directors. Mr. Bonar currently serves as
Chairman of the Board of Directors for ITEC Corporation and has held
that position since December 1999. From August, 1995, until assuming
the chairmanship, he had served as a director. Mr. Bonar brings
extensive technology sales and marketing experience, including a
position as Vice President of Worldwide Sales and Marketing for Bezier
Systems, Inc., a San Jose, California-based manufacturer and marketer
of laser printers. Mr. Bonar was employed by IBM, U.K. Ltd. for
approximately 17 years.
Mr. Mark Absher's legal experience is marked by breadth and
significance. He is a former Law Clerk for Justice Allan L. Stouder of
the Illinois Appellate Court, Third District, and is currently
licensed to practice law in both Tennessee and Illinois. For over 13
years, Mr. Absher has provided legal guidance to clients in both
the private and public corporation world, as well as nonprofit
environments. The official election of Mr. Bonar and Mr. Absher will
be voted on at Pacel's annual shareholder meeting in the summer of
2002.
Calkins added, "Due to finalizing documentation related to a
prospective acquisition, we have applied for an extension for filing
our quarterly Form 10Q. We expect to have these results finalized next
week."
Founded in 1994 and headquartered near Washington, DC, PACEL Corp.
("The Pacesetter in Internet Security") is a software development
company that specializes in Internet and computer security software
for home and corporate use. Further information about PACEL Corp. and
its products can be found at http://www.pacel.com or
http://www.otcfn.com/pcel.
When used in this document and in our filings with the Securities
and Exchange Commission, in our press releases, or other public or
shareholder communications, and in oral statements made with the
approval of an authorized executive officer, the words or phrases
"will likely result," "are expected to," "will continue," "is
anticipated," "estimate," "project," or similar expressions are
intended to identify "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. These
statements are subject to certain risks and uncertainties that could
cause our actual results to differ materially from our historical
results and those we presently anticipate or project. You should not
place undue reliance on any forward-looking statements, which speak
only as of the date made. Various factors could affect our financial
performance and cause our actual results to differ materially from any
opinions or statements we express with respect to future periods in
any current statements. These factors include, but are not limited to,
the following: increases in our operating expenses outpacing our
revenues; our inability to expand our sales and distribution channels;
the failure of strategic relationships to implement and protect our
software products; the failure of third parties to develop software
components necessary for the integration of applications using our
software; and the use of our intellectual property by others.
--30--jar/mi*
CONTACT: OTC Financial Network, Needham, Mass.
Investor Relations:
Rick McCaffrey, 781/444-6100 ext. 621
rick@otcfn.com
or
Global Marketing & Management, Orlando, Fla.
John Overlie, 407/657-8000
KEYWORD: VIRGINIA
INDUSTRY KEYWORD: SOFTWARE ADVERTISING/MARKETING INTERNET
SOURCE: Pacel Corporation
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
May-17-2002 13:15 GMT
Symbols:
US;PCEL
Source BW Business Wire
Categories:
MST/R/US/VA MST/I/SOF MST/I/ADV MST/I/NET
LRoy,
If you only have two hours I would stay away from pennies -JMHO
WCOM - scary, isn't it?
Hope you're feeling better - sounds like you scratched your cornea.
What was that? now .043 X .049
Thanks for the input - so far this morning it isn't trading like a stock that just got diluted.
bb,
RE: PCEL - could those shares mentioned in that post be the extra shares they are using for collateral for the loan?
PCEL -looks good today - nice news on funding.
Yep - barely budged on all those shares!
FLNT - anyone notice the volume?
JMXI - what a beauty! I'm gutless - thought about buying at .16 on Tuesday before earnings - just didn't pull the trigger.
DNAP - news:
DNAPrint Partners with Altura to Expand Research and Product Development
Business Editors/Health & Medical Writers
SARASOTA, Fla.--(BUSINESS WIRE)--May 7, 2002--DNAPrint genomics,
Inc. (OTCBB:DNAP) announced today that it has teamed with Altura, LLC
of Aliso Viejo, CA to expand its research and product development
efforts to address a number of undisclosed prescription drugs.
Altura will provide DNAPrint with clinically phenotyped samples
for an undisclosed class of drugs, and DNAPrint will use the samples
for population genomics research aimed at developing chemopredictive
tests for an individualization of therapy. Drugs of the class targeted
by the agreement exhibit markedly variable response rates and adverse
events in the patient population. Because of this, a significant
number of patients are exposed to unnecessary health risks for long
periods of "treatment" time until the right drug and/or dose is found
through trial and error. Due to the size of the market for the class
of drugs, the agreement could have substantial implications for the
company's quest to grow long-term earnings potential.
The agreement will compliment DNAPrint's current collection
efforts, and enhance DNAPrint's multi-drug consent databank by 500
patients over the course of 2002. Last year, DNAPrint successfully
completed a similar project with Pharsight corporation (Nasdaq:PHST),
but DNAPrint continues to collect most of its specimens using its own
private network of Florida physicians. The agreement expands to 18 the
list of FDA-approved drugs for which DNAPrint is now developing
pharmacogenomics classifiers, or chemopredictive tests.
With this agreement, DNAPrint gains access to Altura's expertise,
which include project planning, implementation, obtaining IRB approval
and collecting qualified specimens and relevant clinical data from
patients throughout the US who are taking selected medications. Due to
their large number of clinical relationships and knowledge of
organized health systems, Altura is particularly adept at collecting
data and enrolling large number of patients and physicians in an
efficient manner. Terms of the agreement remain undisclosed.
About DNAPrint genomics, Inc.:
DNAPrint genomics Inc. was founded by a team of scientists with
research and commercial experience in high-level mathematical and
statistical modeling, programming and molecular genetics. Our quest is
to become the leader in the development of complex pharmacogenomics
classifiers for a personalization of drug prescription. The Company is
traded on the NASDAQ OTC Bulletin Board under the ticker symbol: DNAP.
For more information about the company, please visit
http://www.dnaprint.com.
About Altura, LLC:
Altura provides a variety of development and implementation
services to the healthcare, clinical research, pharmaceutical, medical
device and biotech industries. The company's focus is on facilitating
the effective conduction of health outcomes programs, clinical studies
and business development activities. Altura's in-depth knowledge of
organized systems of healthcare, study sponsors, regulatory
requirements and the clinical research industry allow for a unique
offering of standard or customized services. For more information
about Altura please visit http://www.altura2000.com or contact Pete
Fronte, President, at 949-330-6160.
Forward-Looking Statements
All statements in this press release that are not historical are
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act as amended. Such statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those projected, including, but not limited to,
uncertainties relating to technologies, product development,
manufacturing, market acceptance, cost and pricing of DNAPrint's
products, dependence on collaborations and partners, regulatory
approvals, competition, intellectual property of others, and patent
protection and litigation. DNAPrint genomics, Inc. expressly disclaims
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in DNAPrint's expectations with regard thereto or
any change in events, conditions, or circumstances on which any such
statements are based.
--30--eg/mi*
CONTACT: DNAPrint genomics, Inc., Sarasota
Carrie Castillo, 941/366-3400
ccastillo@dnaprint.com
KEYWORD: FLORIDA
INDUSTRY KEYWORD: BIOTECHNOLOGY MEDICAL PHARMACEUTICAL
MARKETING AGREEMENT
SOURCE: DNAPrint genomics, Inc.
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
May-07-2002 12:02 GMT
Symbols:
US;DNAP
Source BW Business Wire
Categories:
MST/R/US/FL MST/I/BTC MST/I/MTC MST/I/DRG MST/S/PDT
broderick,
I love Overstock.com - they have great prices and they send the items right away. How a dot.com ipo will do nowadays is a guess! I wonder who else is getting shares? I have never used OpenIPO - I only used Etrade and Wit Capital in the past.
LU - EBITDA positive - anyone thinking about playing this?
Thanks, jav. eom
ez,
Here it is if anyone is interested:
LearnCom Announces Record Results for 2001
Business Editors
BENSENVILLE, Ill.--(BUSINESS WIRE)--April 22, 2002--Lloyd W.
Singer, President and CEO of LearnCom, Inc. (OTC BB: LRCM), reported
today unaudited operating results for the calendar year ending
December 31, 2001.
Revenues for 2001 were approximately $5,650,000, an increase of
30% over 2000 revenues. LearnCom also reported an operating profit in
2001 of approximately $46,000 compared to an operating loss (audited)
of approximately $802,000 in 2000. The net loss reported in 2000 was
reduced by approximately $287,000 in 2001, and EBITDA improved from a
loss of approximately $398,000 in 2000 to a positive $14,773 in 2001.
Said Lloyd Singer: "When comparing the second half of 2001 to the
first half, the results are even more dramatic. Revenues in the second
half of the year increased by 38% over the first half to approximately
$3,302,000. Our operating results also improved dramatically during
the year, from a loss of approximately $334,000 in the first half to a
profit of approximately $380,000 in the second half. Likewise, our net
loss in the first half of approximately $884,000 was followed by a
profit of approximately $18,000 in the second half. In addition, our
EBITDA swung from a loss of approximately $368,000 in the first half
to a positive $383,000.
Said Singer, "Despite shrinking economic conditions, exacerbated
by the trauma of the 9/11 crisis, we were able to sustain our growth
and improve our operating results. We attribute the swing in
profitability between the first half of 2001 and the second half to
the following factors:
1. Improved revenues as a result of the July 2001 license
agreement with Provant Media;
2. Cost reductions resulting from personnel downsizing of
approximately 1/3 of all employees;
3. Consolidation of warehousing and fulfillment in Bensenville,
Illinois;
4. Consolidation of computer systems; and
5. Improved sales and marketing management."
"We believe these moves provide a strong foundation for 2002 and
beyond," added Singer. "We are forecasting revenue growth of at least
another 30% in 2002 with positive results at the operating income, net
income and EBITDA lines. An additional five salespeople are being
added to the current team of 14. Additional marketing investment also
is planned, as well as the start of our first proprietary new video
productions."
In order to conserve cash, Singer announced that the Company
intends to switch auditors to a smaller firm for the fiscal 2001
audit. It is expected that the change will be announced in a current
report on Form 8-K that will be filed with the Securities and Exchange
Commission. The change also is expected to delay completion of the
2001 audit and the filing of the Company's Annual Report on Form 10-K
for several weeks. During this time, LearnCom's trading symbol will
carry an "E" designation.
Said Singer: "This decision in no way reflects negatively on the
excellent auditing work of Ernst & Young on our account for the past
two years. We have looked closely for ways to reduce our professional
expenses, and believe that a change is warranted at this time."
LearnCom also plans a restructuring of its finances in an effort
to improve its Balance Sheet. Completion of last year's subordinated
debt and equity fund-raising, which was interrupted by 9/11, is
expected over the next six months.
While the Company will continue to focus on acquisitions as a key
driver, it also anticipates significant internal growth, given the
strategic moves described above."
"We plan on reporting improved results for the quarter ending
March 31, 2002 in the next two weeks," said Singer.
About LearnCom, Inc.
LearnCom, Inc.'s four Business Units, provide single-source
learning resources and consulting services to businesses, government
agencies and other non-profit organizations. The Company focuses on
human resources and management development - specializing in diversity
and critical compliance areas including harassment prevention and
employment law. LearnCom's resources are provided in a variety of
formats including Internet and Intranet delivery, video and CD-ROM.
For additional information, visit www.learncom.com and
www.videolrn.com.
This news release contains forward-looking statements that involve
risks and uncertainties. The company's actual results may differ
materially from the results discussed in these forward-looking
statements Factors that might cause such differences include, among
others, terms and deployment of capital; general economic and business
conditions; industry trends; changes in demand for the Company's
products; the timing of orders received from customers; announcements
or changes in pricing policies by the Company or its competitors and
availability of management.
--30--as/cgo*
CONTACT: LearnCom, Inc.
Lloyd Singer, 800/622-3610
toolkit1@aol.com
KEYWORD: ILLINOIS
INDUSTRY KEYWORD: EDUCATION GOVERNMENT INTERNET SOFTWARE EARNINGS
SOURCE: LearnCom, Inc.
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
Apr-22-2002 12:31 GMT
Symbols:
US;LRCM
Source BW Business Wire
Thanks. eom
TO ALL:
Just wanted to take this opportunity to thank all of you for your kind words and prayers last week regarding my father. My dad did finally pass away on Tuesday - although my family is deeply saddened, we are in a way quite relieved since he was sick for sometime and we all know that now he is at peace.
Thank you, Patsy.
Thanks, bb I appreciate that thought - right now we really are only praying that he is taken soon.
As far as ETCR - I'm still a bit surprised over the fact that there hasn't been a pr yet. Thanks for the recap.