busy making sauce
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~SPZI added a few :) ~Rig
Todays News Release...
United American Corporation Acquires Majority Stake in Dialek Telecom
MONTREAL, May 18, 2005 (BUSINESS WIRE) --
United American Corporation (NASD OTCBB:UAMA) is pleased to announce that it has acquired Dialek Telecom of Sherbrooke, Quebec. Dialek will become a subsidiary of United American Corp., owned 75% by United American and 25% by Dialek's original founder. Dialek Telecom is a leading independent provider of telecommunications services to residential and business clients, including broadband internet connectivity, Voice-over Internet Protocol (VoIP) services and traditional telephone lines. Dialek has over 625 existing customer relationships as well as strong partnerships with major providers such as Sprint Canada, Videotron Ltd., Groupe Telecom and Cogeco Cable.
Dialek currently produces US$350,000 annual revenues. United American believes that by leveraging its strength in development and delivery of telecommunications services, Dialek's revenues will grow significantly in the future.
The Dialek acquisition will further enhance United American shareholder value by increasing its portfolio of high-value assets, alongside its wholly-owned subsidiary United American Telecom. As an example of United American's ability to create high value for shareholders by incubating and then spinning off growing telecommunications assets, please refer to press release dated May 9, 2005 "United American Corp. Announces Details of Completed Share Exchange Agreement Leading to Teliphone Spin-Off". Investors are still able to participate in the spin-off by purchasing UAMA shares prior to May 30, 2005.
About United American Corporation
United American Corporation is a holding and management company focused on next generation Voice over Internet Protocol (VoIP) based telecommunications. The organization has recently spun-off its VoIP services company, Teliphone Inc., where shareholders received a property dividend of the new corporation. The company is now focused on growing its new flagship subsidiary, United American Telecom, with operates CaribbeanONE(TM), a state-of-the-art International telecommunication route & gateway. For more information, visit the company website at www.unitedamericancorp.com .
This news release contains forward-looking statements that are subject to various risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors that may be beyond the Company's control. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made, and the Company assumes no obligation to update forward-looking statements should circumstances in management's expectations or opinions change.
United American Corporation (OTC Bulletin Board:UAMA)
SOURCE: United American Corporation
United American Corporation
Investors Relations
(514) 313-5960
investorsrelations@unitedamericancorp.com
--------------------------------------------------------------------------------
Copyright Business Wire 2005
News provided by
~ GPXM .19 X .20 ~Rig
~GPXM .18 x .185 Chart...
~Rig
~TTVL News...
TEDA Travel Group Acquires Majority Stake in Shanghai Bowking Hotel Management Company
7 New Properties Added to Management Portfolio
HONG KONG, May 18, 2005 /Xinhua-PRNewswire via COMTEX/ --
TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL), a dynamic and fast growing travel and real estate services company today announced that it has completed the purchase of a 55% interest of Shanghai Bowking Hotel Management Co. Limited (''Bowking''), a leading boutique hotel management company in China. The deal was finalized on April 30, 2005.
Mr. Godfrey Hui, CEO of TEDA Travel Group stated, "We're very pleased to have completed this deal in a relatively short amount of time. This speaks directly to the value Bowking management places in being part of TEDA Travel Group, and in our desire to have them join the Group.''
The acquisition of Bowking adds seven high-end hotel properties to the company's property management portfolio, with impressive year-round occupancy rates near 100%.
Mr. Hui continued, ''This acquisition is very important to TEDA Travel Group because it is our first expansion into Shanghai, China's largest and most comprehensive industrial and commercial city. This was a primary consideration for seeking this particular group of hotels."
Shanghai is currently undergoing one of the fastest economic expansions that the world has ever seen. As one of Asia's leading business cities, and as China's financial district, it was critical for the Group to have a presence in Shanghai.
''Expanding the TEDA brand into Shanghai is an important step in our goal of becoming China's largest and best-known full service travel company," explained Mr. Hui. ''We are committed to this goal, and will continue to grow through the acquisition of other high quality properties and other travel related companies,'' concluded Mr. Hui.
About TEDA Travel Group, Inc.
TEDA Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, TEDA Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name "TEDA," one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA)
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
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
SOURCE TEDA Travel Group, Inc.
John Roskelley, President of First Global Media, +1-480-902-3110, for TEDA Travel
http://www.prnewswire.com
--------------------------------------------------------------------------------
Copyright (C) 2005 PR Newswire. All rights reserved.
News provided by
~Todays News Release...
TEDA Travel Group Acquires Majority Stake in Shanghai Bowking Hotel Management Company
7 New Properties Added to Management Portfolio
HONG KONG, May 18, 2005 /Xinhua-PRNewswire via COMTEX/ --
TEDA Travel Group, Inc. (OTC Bulletin Board: TTVL), a dynamic and fast growing travel and real estate services company today announced that it has completed the purchase of a 55% interest of Shanghai Bowking Hotel Management Co. Limited (''Bowking''), a leading boutique hotel management company in China. The deal was finalized on April 30, 2005.
Mr. Godfrey Hui, CEO of TEDA Travel Group stated, "We're very pleased to have completed this deal in a relatively short amount of time. This speaks directly to the value Bowking management places in being part of TEDA Travel Group, and in our desire to have them join the Group.''
The acquisition of Bowking adds seven high-end hotel properties to the company's property management portfolio, with impressive year-round occupancy rates near 100%.
Mr. Hui continued, ''This acquisition is very important to TEDA Travel Group because it is our first expansion into Shanghai, China's largest and most comprehensive industrial and commercial city. This was a primary consideration for seeking this particular group of hotels."
Shanghai is currently undergoing one of the fastest economic expansions that the world has ever seen. As one of Asia's leading business cities, and as China's financial district, it was critical for the Group to have a presence in Shanghai.
''Expanding the TEDA brand into Shanghai is an important step in our goal of becoming China's largest and best-known full service travel company," explained Mr. Hui. ''We are committed to this goal, and will continue to grow through the acquisition of other high quality properties and other travel related companies,'' concluded Mr. Hui.
About TEDA Travel Group, Inc.
TEDA Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, TEDA Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name "TEDA," one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA)
Tianjin Economic and Technological Development Area (TEDA) is one of earliest approved and best state-level development zones in China. TEDA has now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
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
SOURCE TEDA Travel Group, Inc.
John Roskelley, President of First Global Media, +1-480-902-3110, for TEDA Travel
http://www.prnewswire.com
--------------------------------------------------------------------------------
Copyright (C) 2005 PR Newswire. All rights reserved.
News provided by
~NAUC $1.77 X $1.78! Thanks again glassy! ~Rig
~GMTH News...
GMTH: $125K Equity Financing Agreement w/Southridge Partners [delayed]
Ridgeland, MS, MAY 18, 2005 (EventX/Knobias.com via COMTEX) --
Global Matrechs Inc. (GMTH) announced that Southridge Partners LP exercised its boption to purchase an additional note and warrant pursuant to a Second Securities Purchase Agreement. The Company issued to Southridge a convertible promissory note in the principal amount of $125,000 and a warrant to purchase up to 5,000,000 shares of common stock to Southridge in exchange for its $125,000 investment. The note is convertible, at the option of the holder, into shares of common stock at a conversion price of $0.02 per share. The note matures on May 12, 2007.
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by at least 10 minutes. To get all Knobias alerts in real-time daily, visit http://www.knobias.com/cmtx
ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information.
Knobias.com, LLC
601-978-3399
601-978-3675
info@knobias.com
www.knobias.com/cmtx
--------------------------------------------------------------------------------
Copyright 2004 Knobias.com, LLC, All rights reserved.
News provided by
~GPXM News... GM All...
Golden Phoenix Receives Permits From Humboldt County to Build a Molybdenum Mill for Its Ashdown Mine
SPARKS, Nev., May 18, 2005 /PRNewswire-FirstCall via COMTEX/ --
Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM), announced today it has received approvals from the Humboldt County Commissioners and Planning Commission to operate the Ashdown Moly Mine and Mill Project, located near Denio, Nevada. Building permits have been issued to Golden Phoenix by the Humboldt County Building Department to erect the structure that will house the mill machinery. Concurrently, the Nevada Division of Environmental Protection has issued written approval authorizing the mill machinery to be moved from its staging area onto the mill site.
With receipt of these permits, Golden Phoenix starts construction of a 100-ton-per-day flotation mill to process molybdenite ore from the Ashdown mine, beginning with a targeted section of the Sylvia vein, which is detailed in the Golden Phoenix press release dated March 8, 2005. As soon as cash flow from the sale of molybdenum concentrates is established, Golden Phoenix will initiate an exploratory program to locate and define both existing and future moly targets, as well as prospective gold mineralization, using underground and surface step-out drilling.
Golden Phoenix is earning a 60% interest in the Ashdown Joint Venture with Win-Eldrich Mines, Ltd. (TSXV: WEX), and serves as manager and operator of the property.
Golden Phoenix Minerals, Inc. is committed to deliver value to its shareholders by acquiring, developing and mining superior precious and strategic metal deposits in the western United States using competitive business practices balanced by principles of ethical stewardship.
Visit the Golden Phoenix Web site at http://www.Golden-Phoenix.com /
Forward-Looking Statements. Certain statements included herein may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve 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. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These risks and uncertainties, and certain other related factors, are discussed in the Company's Form 10-KSB, Form 10-QSB and other filings with the Securities and Exchange Commission. These forward-looking statements are made as of this date and the Company assumes no obligation to update such forward-looking statements as a result of a number of factors.
CONTACT:
Golden Phoenix Minerals, Inc.
Robert Martin, Director of Corporate Development, 775/853-4919
E & E Communications
Paul Knopick
949/707-5365
pknopick@eandecommunications.com
SOURCE Golden Phoenix Minerals, Inc.
Robert Martin, Director of Corporate Development of Golden Phoenix Minerals, Inc.,
+1-775-853-4919; or Paul Knopick of E & E Communications, +1-949-707-5365,
pknopick@eandecommunications.com
, for Golden Phoenix Minerals, Inc.
http://www.prnewswire.com
--------------------------------------------------------------------------------
Copyright (C) 2005 PR Newswire. All rights reserved.
News provided by
santoph,
They say entry is everything.Nice work :)
~Rig
and then will have some...
~QOIL .23 X .245 trying to move higher here.~Rig
Nice! JGIO mmkr bid at 1.63 lol.~Rig
~GMTH .07 X .075 moving, here's the 8k...
http://biz.yahoo.com/e/050516/gmth.ob8-k.html
ITEM 7.01 REGULATION FD DISCLOSURE.
We are furnishing this Report on Form 8-K pursuant to Regulation FD in connection with our recently executed contractual arrangement with Dow Corning and our ongoing discussions with Dow Corning regarding the possibility of a future, commercial-scale manufacturing and distribution agreement.
On April 12, 2005, we entered into an agreement with Dow Corning to develop a process for production of NuCap(TM) on a commercial scale. Our agreement with Dow Corning contemplates the possibility of entering into a future, commercial-scale manufacturing and distribution agreement, under which Dow Corning may manage the ongoing commercial production of NuCap(TM) after the scale-up production process is complete. While we can give no assurance that any such agreement for commercial production will be executed with Dow Corning, we believe that our discussions have been productive and hope to have an agreement in place upon the successful completion of scale-up batch processing under our current arrangement.
The information in this Current Report is furnished pursuant to Item 7.01 and shall not be deemed to be "filed" for the purpose of Section 18 of the Securities and Exchange Act of 1934 or otherwise subject to the liabilities of that section. This Report will not be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD.
We do not have, and expressly disclaim, any obligation to release publicly any updates or any changes in our expectations or any change in events, conditions, or circumstances on which any forward-looking statement is based.
~CCCI"E" .145 X .16 looks like it could be reversing IMO...
Rig
~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