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Also Brought in yesterday..GL
CJGH may see $3.00 by lunch time...
GTOP 1.15 Change -1.44 (-55.60%) PM
ENCY 1.05 +0.24 (+29.63%)
Encysive Pharm Expects FY07 Thelin Sales $10.5M To $11.5M
Dow Jones Newswires - December 14, 2007 7:33 AM ET
Related Quotes
Symbol Last Chg
ENCY Trade 0.81 0.00
Real time quote.
DOW JONES NEWSWIRES
Encysive Pharmaceuticals Inc. (ENCY) expects to report fiscal 2007 Thelin sales, a drug used to treat pulmonary arterial hypertension, of about $10.5 million to $11.5 million.
The Houston biopharmaceutical company said 2008 will be the first full year that Thelin will be available in the five largest European Union markets.
Encysive expects to record 2008 Thelin sales of about $40 million to $50 million.
The company also said the evaluation of its assets is continuing. Encysive said it is in "active discussions" with several companies regarding strategic alternatives.
-Veronica Dagher; 201-938-5400; AskNewswires@dowjones.com
> Dow Jones Newswires
12-14-07 0732ET
Copyright (c) 2007 Dow Jones & Company, Inc.
Nice....got some AVII at 1.74
NBIX looks good for some .20-.25 flips I got some at $5.80
FDA Says Indiplon NDA Needs Addtl Data>NBIX
Dow Jones Newswires - December 13, 2007 3:41 AM ET
Related Quotes
Symbol Last Chg
NBIX Trade 10.25 0.00
Real time quote.
DOW JONES NEWSWIRES
Neurocrine Biosciences Inc. (NBIX) said it was notified by the U.S. Food and Drug Administration that its new drug application for its indiplon insomnia treatment requires additional clinical and preclinical data.
The FDA said the application for indiplon 5 milligram and 10 mg capsules is approvable pending a clinical trial in the elderly, a safety study and an evaluation of indiplon administration during the third trimester of pregnancy.
The San Diego pharmaceutical company said it is "disappointed" in the FDA action, but said it will meet with the agency to discuss the applications and the next steps involved.
-Nicholas Hatcher; Dow Jones Newswires; 201-938-5400
> Dow Jones Newswires
12-13-07 0340ET
Copyright (c) 2007 Dow Jones & Company, Inc.
NBIX Extended Hours: Last 5.50 Change -4.75 (-46.34%)
Can ya short it now so it goes higher, THANKS...LOL
No I helped ya at 0.002
Do you have any idea about Symbol: HOTRA OTC why it has not traded..Is Hometrend trading or going to trade publicly..incablock is huge part of Hometrend building product, They are building for Donald J. Trump Ocean Resort Baja Mexico.http://www.hometrendintl.com/news.html
Hometrend International, which is the parent company to Incablock,Symbol HOTRA is on there web site but has not traded as of yet..???? maybe our new symbol...(trying to tie all this together)
HOMETREND INTERNATIONAL Symbol: HOTRA OTC
http://www.hometrendintl.com/investors.html
Detailed Quote for Hometrend Inc Cl A (HOTRA)
$ N/A N/A(N/A) Volume: 0 http://www.otcbb.com/asp/Info_Center.asp
http://www.hometrendintl.com/divisions.html
Headquarters
333 H Street Suite 6020
Chula Vista CA. 91910 USA
Tel. +1 (619) 8270187
Fax. +1 (619) 8270189
DIRECTORY
Howard Behling, CEO
hbehling@hometrendintl.com
Daniel D. Correa, COO
dcorrea@hometrendintl.com
Representatives for the Middle East & Africa
Jean Claude Turquieh
Issam El-Bawab
USA Tel. +1 (619) 261-0522
USA Fax. +1 (619) 336-4802
Dubai Tel. +1 (971) 50-719-8415
Dubai Fax. +1 (971) 4-348-8162
jcturquieh@hometrendintl.com
Representative for Australia, the Philippines, S. Africa and the UK
Jeremy Davey
Tel. +1 (213) 948-7661
Fax. +1 (213) 947-1112
jdavey@hometrendintl.com
Representative for Qatar
Mohammad Hamza
Tel. + 974 658-0270 Qatar
Cell +1 330 474-1376 US
mhamza@hometrendintl.com
http://www.hometrendintl.com/contacts.html
ok you win: now we need some vol. and we all win..Good luck to ya
you didn't get them ALL I got 60,000 of them .01's LOL
SORC 3.39 Change +0.51 (+17.71%) on news
I did read, Thanks I see I missed nothing.. here is the link just incase you also would like to resell this product.Good luck. http://www.viatekproducts.com/WSWrapper.jsp?mypage=cs.htm
Am I missing something here, Diet Coffee, Inc.is buying light blubs from Viatek Consumer Products Group, Inc. And reselling them.The blubs are all over the web from other resellers.Anybody can open an account with Viatek to purchase wholesale and resell at retail.
Viatek Consumer Products Group, Inc
6881 Kingspointe Pkwy Ste 7
Orlando, FL 32819
http://www.viatekproducts.com/Home.jsp
Fortune Market Media Scores John Salley
Affable Sports Legend and Savvy Marketer to Join Team as Executive Vice President of Media
November 30, 2007 09:00 AM Eastern Time
LOS ANGELES--(BUSINESS WIRE)--Fortune Market Media (PINK SHEETS:FTMMD), a diversified media and communications corporation and only publicly traded company to own a racing team, announces the appointment of high-profile sports and business personality John Salley as the company’s executive vice president of media.
Bringing to the role what he calls, “a wealth of contacts, an enthusiastic attitude, a bright, bubbling future, and a desire to be great,” Salley will bring exposure to his own endeavors through Fortune Market Media’s wide range of multimedia outlets, as well as apply his market savvy to oversee the company’s rapid growth and expansion.
“John Salley is an excellent match for the company because his multimedia accomplishments are as great as his basketball accomplishments,” said Ryan Tomlinson, executive vice president and director of media at Fortune Market Media. “He has a long list of accolades in sports, but he’s also one of the smartest people around.”
Salley, a 15-year NBA veteran and first NBA player to win four championships with three different teams, is currently a co-host of “The Best Damn Sports Show Period” on Fox Sports Net, producer of numerous TV and film projects through his company Black Folk Entertainment, and frequent contributor to high-end lifestyle magazines.
He has also raised awareness to the AIDS pandemic by working in conjunction with VH1 and The Global Fund, and is actively involved with Operation Smile, which helps change the lives of children all over the world.
Salley is currently involved in a number of business projects he hopes to promote through Fortune Market Media, including Z7LuxAire, a luxury private jet company; Live Universe, a ground-breaking Web site created by the founder of MySpace that streams live video and is host of his program The John Salley Block Party Internet Challenge; ZipWay, a revolutionary clothing company featuring an indestructible zipper that allows for fast and hygienic undressing; Hot Tones, a cell phone wallpaper exposing exceptionally beautiful women; and a number of Los Angeles-based musical acts. He also owns the John Salley Beverage Co., which distributes wine, coffee and water.
“I have a whole bunch of things on the table the company’s going to help me exploit,” he said. “We’re working together to expand and grow my projects and the Fortune Market Media brand.”
A participant in the 2007 Toyota Grand Prix Celebrity Race and The Gillette Young Guns and Superstars series that aired on ABC in June 2007, Salley’s love for racing also adds to his credentials. Fortune Market Media recently went public, making its shareholders partners in its Fortune Market Racing Team.
“Fortune Market, as a multimedia company, is set up to not only create streams of media but also to acquire media outlets and bring them into our fold,” said Tomlinson. “John is very experienced in doing this and passionate about what he does. And this is what we’re all about.”
“When something needs to get out there and pushed, Fortune Market Media is going to be the way to do it,” said Salley. “I’ve worked with a lot of talkers and not a lot of doers, and now I’m working with a company that’s about doing something.”
About Fortune Market Media, Inc.
Fortune Market Media, Inc. (FTMMD) is a diversified media and communications company providing businesses with a variety of financial-, consumer- and investor-related communications services. Fortune Market creates awareness among investors, consumers and potential partners through its multi-channel streams of media. More information is available at www.fortunemarket.net.
Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Contacts
for Fortune Market Media
aLine media public relations
Kenn Henman, 310-576-1808
kenn@alinemedia.com
http://www.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20071130005102&newsLang=en
ARTE 2.98 +0.46 (+18.25%)
Leading Florida Dermatologist Launches Study to Evaluate ArteFill for Acne Scars
BusinessWire - November 29, 2007 7:30 AM ET
Leading St. Petersburg, FL - based dermatologist, Dr. James Spencer, announced today he is conducting a study to evaluate ArteFill, a non-resorbable dermal filler, for the treatment of acne scars, and other depressed atrophic scars. ArteFill is a non-resorbable dermal filler that is currently approved to treat nasolabial folds, or smile line wrinkles. James M. Spencer, MD, Professor of Clinical Dermatology, Mt. Sinai School of Medicine, is conducting this study to evaluate ArteFill for the cosmetic improvement of scars. He expects to enroll 15 patients by the end of March 2008.
One month after their ArteFill treatment, patients will return for assessment and standardized photographs will be clinically graded by a blinded dermatologist for degree of scar correction. A patient satisfaction survey along with patient photos of the results are part of the current study protocol. These patients will be followed for one year after ArteFill treatment. After study completion, these findings will be submitted and are expected to be published in a peer-reviewed dermatology journal.
"I use temporary fillers in my practice to treat acne scars and other types of scars. Unfortunately, temporary fillers necessitate expensive repeat injections so a permanent dermal filler would be desirable to correct a permanent scar. I'm using ArteFill in my medical practice for smile lines and I can now document the use of ArteFill for acne and other facial scars," said Dr. Spencer.
According to published reports, there are 14 million people that have moderate to severe acne scarring. There are over 5 million people who have previously taken Accutane and generics after being diagnosed with severe acne. Severe recalcitrant acne, or cystic acne is the worst and most painful form of the skin condition, characterized by inflamed lumps that may result in depressed scars. These scars are a major source of concern for patients, and there are currently limited treatment options for this condition.
Dr. Spencer received a research grant from Artes Medical, Inc. (NASDAQ:ARTE) to conduct this study. For more information on Dr. Spencer at Spencer Dermatology and Skin Surgery Center or his study, please call (727) 572-1333 or visit www.spencerdermatology.com.
SOURCE: Spencer Dermatology and Skin Surgery Center
Spencer Dermatology and Skin Surgery Center
Dr. Spencer, 727-572-1333
www.spencerdermatology.com
E*TRADE Financial Announces $2.5 Billion Investment Led by Citadel
November 29, 2007 - 6:05 AM EST
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) today announced an agreement that will result in a cash infusion of $2.5 billion. The transaction, led by affiliates of Citadel Investment Group, includes immediate funding of approximately $2.4 billion with the remaining $150 million expected to fund by January 15, 2008. The investment fortifies the Company’s balance sheet, allows the Company to focus on its core retail business and provides additional capital to manage credit risk.
E*TRADE also announced that, effective immediately, R. Jarrett Lilien has been named acting Chief Executive Officer of the Company, succeeding Mitchell H. Caplan, who has stepped down from the position of CEO. Mr. Caplan will serve as an advisor to the Company on transition matters through the end of the year. Mr. Lilien, who is also a Director of the Company, has been E*TRADE FINANCIAL’s President and Chief Operating Officer, leading the retail business since 2003. The Company will conduct an executive search for the CEO position, which will include Mr. Lilien and external candidates.
The Company also announced that Donald H. Layton, who has served as a special advisor to the E*TRADE FINANCIAL Board of Directors, will become Chairman of the Board, succeeding George A. Hayter who will remain a Director of the Company. Mr. Layton retired in 2004 after 29 years at JP Morgan Chase and its predecessors, serving most recently as Vice Chairman, and as a member of its three person Office of the Chairman and its Executive Committee.
“E*TRADE’s core business is strong,” said Mr. Lilien. “This transaction with Citadel is not only a major vote of confidence from one of the world’s leading financial institutions but also allows us to directly address customer concerns and get back to our real business, which is providing industry leading products and services to our customers.”
Mr. Layton said, “E*TRADE FINANCIAL’s Board of Directors, in cooperation with our financial advisors, conducted a thorough and robust review of strategic alternatives. As part of this process, the Company held discussions with potential strategic and financial partners. In the end, the Board unanimously concluded that the transaction with Citadel clearly provides the greatest benefits to our shareholders and other constituencies. The Company now has the financial strength to aggressively compete in the marketplace.”
“With its strong brand, solid business model and fortified balance sheet, we believe E*TRADE is well-positioned to execute on its growth strategy for its core retail business,” said Ken Griffin, Founder and CEO of Citadel Investment Group. “We believe this capital infusion will restore investor and customer confidence in the Company, and will allow the Board and management to continue to grow the business from a position of strength, creating value for all shareholders.”
This transaction removes the assets with the greatest market risk from E*TRADE’s consolidated balance sheet. Effective today, E*TRADE has divested itself of its $3 billion asset-backed securities (ABS) portfolio, including its ABS collateralized debt obligations (CDOs) and second lien securities.
E*TRADE FINANCIAL, with more than 4.7 million customer accounts worldwide and $227 billion of assets under management as of October 31, is a global financial services leader. Its retail brokerage business is recognized for its customer service, product innovation and execution speed, and it maintains a “well-capitalized” status by regulatory standards.
MANAGEMENT CHANGES
In addition to his position as acting CEO, Mr. Lilien will retain his seat on the Company’s Board of Directors. Mr. Lilien joined E*TRADE FINANCIAL in August 1999. Prior to his election as President and COO in March 2003, Mr. Lilien served as Chief Brokerage Officer and President, E*TRADE Securities LLC. Mr. Lilien has also served the Company as Managing Director, Asia-Pacific and Latin America. He spent 10 years as Chief Executive Officer of TIR Holdings, which E*TRADE FINANCIAL acquired in August 1999. Prior to TIR, he held various positions at Paine Webber and Autranet, a former division of Donaldson, Lufkin & Jenrette, Inc.
“Jarrett is a proven leader who has demonstrated vision and effectiveness in many positions throughout the Company,” said Mr. Hayter. “We are confident that he is the right person to lead E*TRADE forward as we focus on our core retail business.”
“We value the contributions that Mitch has made to E*TRADE over the past seven years, and the Board thanks him for his dedication and service,” continued Mr. Hayter. “Mitch played a vital role in reaching this agreement with Citadel, and his passion has helped revolutionize the online financial services industry, positioning E*TRADE as a leader in value, customer service and product innovation.”
“It has been an honor to work with E*TRADE’s employees, management team, Board and customers as we transformed the Company. I am proud of our accomplishments,” said Mr. Caplan. “With today’s transaction, I am pleased to pass on our Company as a strong, vibrant leader in financial services.”
TRANSACTION TERMS
Under the terms of the Citadel transaction, E*TRADE will receive $2.5 billion in cash, of which $2.4 billion will fund today. The terms include:
E*TRADE will receive $1.6 billion of capital in exchange for 12.5% senior unsecured notes and common stock. This includes a contribution of capital by investment funds managed by BlackRock, Inc.
Citadel has acquired E*TRADE’s entire ABS portfolio, including CDOs, for $800 million in cash.
Upon final closing, it is expected that Citadel will invest an additional $150 million in exchange for 12.5% senior unsecured notes and common stock.
The amount of common stock expected to be issued by E*TRADE is approximately 19.99% of current outstanding common stock.
Citadel will nominate one representative to E*TRADE FINANCIAL’s Board of Directors.
As a result of the sale of the ABS portfolio, E*TRADE will take a charge of $2.2 billion. The Company also expects to take a provision in the fourth quarter related to its portfolio of home equity loans in excess of the quarter’s expected losses that will result in an ending allowance of over $400 million.
Evercore Partners Inc. and J.P. Morgan Securities Inc. served as financial advisors to E*TRADE. Davis Polk & Wardwell served as legal advisor to E*TRADE. Fried Frank Harris Shriver & Jacobson LLP served as legal advisors to Citadel.
E*TRADE will hold an investor call and webcast today at 8:00 a.m. Eastern Time to discuss this morning’s announcement. To participate in the call, dial 800-683-1525. International callers should dial 973-872-3197. All callers should reference conference call ID 9510908. The call will also be simultaneously webcast on the Company’s web site www.investor.etrade.com.
A replay of the conference call will be available at www.investor.etrade.com.
About E*TRADE FINANCIAL
The E*TRADE FINANCIAL family of companies provides financial services including trading, investing, banking and lending for retail and institutional customers. Securities products and services are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Bank and lending products and services are offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries.
About Citadel Investment Group
Citadel is a leading global financial institution focused on alternative investment management and services. Founded in 1990, Citadel deploys investment capital across a highly diversified set of proprietary investment strategies in nearly every asset class. Citadel deploys more than $17 billion in investment capital and employs 1,100 team members in Chicago, New York, San Francisco, Bermuda, London, Hong Kong and Tokyo.
Important Notice
E*TRADE FINANCIAL, E*TRADE and the E*TRADE logo are trademarks or registered trademarks of E*TRADE FINANCIAL Corporation. The statements contained in this news release that are forward-looking are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to, changes in market activity, anticipated increases in the rate of new customer acquisition, the conversion of new visitors to the site to customers, the activity of customers and assets held at the institution, seasonality, macro trends of the economy in general and the residential real estate market, instability in the consumer credit markets and credit trends, rising mortgage interest rates, tighter mortgage lending guidelines across the industry, increased mortgage loan delinquency and default rates, portfolio growth, portfolio seasoning and resolution through collections, sales or charge-offs, the development and enhancement of products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. Further information about these risks and uncertainties can be found in the information included in the annual reports previously filed by E*TRADE FINANCIAL Corporation with the SEC on Form 10-K (including information under the caption "Risk Factors") and quarterly reports on Form 10-Q.
© 2007 E*TRADE FINANCIAL Corporation. All rights reserved.
E*TRADE FINANCIAL Corporation
Media Relations:
Pam Erickson, 617-296-6080
pam.erickson@etrade.com
or
Investor Relations:
Adam Townsend, 703-236-8719
adam.townsend@etrade.com
or
Citadel Investment Group
Katie Spring, 312-395-2596
katie.spring@citadelgroup.com
Source: Business Wire (November 29, 2007 - 6:05 AM EST)
News by QuoteMedia
www.quotemedia.com
TYRIA 0.0002 (+100.00%)
Trey Resources to Sell SWK Technologies
Company Will Be Debt Free After Transaction
LIVINGSTON, N.J., Nov. 27 /PRNewswire-FirstCall/ -- Trey Resources, Inc. (OTC Bulletin Board: TYRIA), the premier total solutions provider specializing in business software for the small- and medium-sized business market, yesterday reported that its wholly-owned subsidiary, SWK Technologies, Inc. has entered into a letter of intent to sell the majority of its assets and liabilities to SWK Solutions, LLC, a newly-created limited liability company formed by Jeffrey D. Roth, CEO of SWK Technologies, Inc. and its management team.
The transaction is expected to close during the first quarter of 2008.
Mark Meller, CEO of Trey Resources, said, 'Trey has grown in a short period of time from a company with no revenue, (back in May 2004), to a Company which today is reporting sales results at a run rate of $7.4 million per year. We have been presented with an opportunity to sell SWK at a significant profit over our investment, and believe it is in the best interest of both the company and SWK's management to sell the company at this time. While terms of the transaction have not as yet been made public, I can state that Trey will be debt free following the transaction, and will also have significant cash available to it. Our plan will be to acquire a more substantial company in another high growth industry in the near future. We will immediately begin interviewing investment banks to assist us in this process.'
Jeffrey D. Roth, CEO of SWK Technologies, stated, 'We have a strong team that is committed to growing the company. We are well positioned in our core geographic markets and see tremendous growth opportunities from new products and services. We look forward to operating as an independent company.'
About Trey Resources
Trey Resources is involved in the acquisition and build-out of technology and software companies. The Company's growth strategy is to acquire firms in this extensive and expanding, but highly fragmented segment, as it seeks to create substantial value for shareholders. Since June 2004, Trey has acquired SWK Technologies, Inc., Business Tech Solutions Group, Inc., Wolen Katz Associates, and AMP-BEST Consulting, Inc. For more information, visit www.treyresources.com, www.swktech.com, www.mapadoc.com, www.amp-best.com, or contact Trey Resources CEO Mark Meller at (973) 758-9555 or by e-mail at mark.meller@swktech.com. Trey Resources was a recent spin-off of iVoice, Inc. (OTC Bulletin Board: IVOI).
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as 'believe,' 'expect,' 'anticipate,' 'should,' 'planned,' 'will,' 'may,' 'intend,' 'estimated,' and 'potential,' among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to Trey Resources, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
SOURCE Trey Resources, Inc.
Source: PR Newswire (November 27, 2007 - 9:15 AM EST)
News by QuoteMedia
www.quotemedia.com
ORCD 6.40 +3.92 (+158.06%)
ORCD 5.84 +3.36 (+135.48%)
November 13, 2007 - 7:20 PM EST
The Orchard(R) and Digital Music Group Complete Merger
Combination Forms Powerful Global Digital Music and Video Marketing and Distribution Services Company for the New Media Economy
Stock Will Trade on NASDAQ under “ORCD”
The Orchard Enterprises Inc., a leading global digital distributor and marketer of music, and Digital Music Group, Inc. (formerly NASDAQ symbol “DMGI”), a content owner and leader in the digital distribution of music and video catalogues, today announced that the two companies have completed their previously-announced plans to merge. The combined company (the “Company”) will begin trading on November 14, 2007 on the NASDAQ Global Market under the symbol “ORCD.” Current Orchard president and chief executive Greg Scholl will lead the combined company as CEO, and headquarters will be at The Orchard’s offices in New York City. It is anticipated that the DMGI business will rapidly be integrated with The Orchard. The combined business will all be conducted under the name “The Orchard.”
The Company controls a substantial catalogue of entertainment assets, with over one million music recordings available for sale and thousands of hours of television, film and video programming. It is a market leader for independent distribution of digital music and video, with powerful marketing, promotion, distribution and operations capabilities throughout the world. The Company serves artists, labels, music publishers, television, film and video library owners and other rights holders by developing new and inventive ways to market and sell digital content. In addition, for digital and mobile retailers, advertisers, consumer brands and technology companies, the Company provides a single point of access to one of the world’s largest and highest quality digital content catalogues that spans global superstars and niche and specialty artists.
“The Orchard and DMGI create a powerful combination in the rapidly growing digital media industry,” said Mr. Scholl. “DMGI adds exciting new artists and record labels to The Orchard’s already extensive music catalogue, and offers an immediate and significant leadership position in the digital distribution of independently owned TV, film and video content.”
Mr. Scholl added, “We anticipate rapidly integrating the companies to reduce costs aggressively. At the same time, we anticipate driving revenue through proactive and productive outreach to DMGI’s clients to ensure they take full advantage of the increased distribution and more sophisticated retail sales and marketing capabilities that The Orchard offers.”
At a special meeting held today, the merger and a reverse stock split were approved by DMGI stockholders. The reverse split was necessary to maintain a NASDAQ Global Market listing, and the Board of Directors today authorized a one-for-three reverse split to be effective on November 14, 2007, when the stock will begin trading under the symbol “ORCD.”
For legal purposes, DMGI is acquiring The Orchard, although the combination will be accounted for as a reverse merger with The Orchard deemed to be the “acquiror” for accounting and financial reporting purposes. As consideration in the business combination, DMGI has issued (or reserved for issuance pursuant to deferred stock awards) 3,021,364 shares of common stock on a post-split basis (or 9,064,091 shares on a pre-split basis) and 448,833 shares of convertible preferred stock to the shareholders of The Orchard, including its principal shareholder Dimensional Associates, LLC. Each share of preferred stock is convertible into, and has voting rights equivalent to, 3.33 shares of common stock on a post-split basis (or 10 shares of common stock on a pre-split basis), with a liquidation preference of $55.70. After closing of the merger, the shareholders of The Orchard collectively own approximately 60% of the Company’s voting shares outstanding (assuming conversion of the preferred stock and including shares reserved for issuance under deferred stock awards).
As contemplated by the merger agreement and set out in DMGI’s proxy statement, Greg Scholl, Viet Dinh, Danny Stein and Michael Donahue have been appointed to the Company’s Board of Directors, and will serve along with David Altschul, Terry Hatchett and Clayton Trier, who remain Directors of the Company.
Barth Ballard has relinquished responsibilities as interim CEO and has agreed to serve in a transition role during the integration of the companies, after which time he will resign from the company. Richard Rees, who agreed in September to serve in an interim role as Vice President of Business Development ahead of the finalized merger agreement, has submitted his resignation, effective today. Tuhin Roy, who served as Chief Strategy Officer of DMGI and President of DMGI’s subsidiary Digital Rights Agency, has submitted his resignation, effective today. DMGI’s Digital Rights Agency subsidiary brand (along with the Psychobaby, DMI and Digital Music Group brands) will be integrated into The Orchard, and the company will retain one brand and one identity as The Orchard.
About the Company
The Orchard is a leading digital distributor and marketer of music and, with the acquisition of DMGI, becomes a music and video content owner and first-mover in the digital distribution of independently owned video content, such as music videos, episodic television shows, feature-length films, short films, and cartoons and other animated features. The Company is represented in 29 countries and controls an unparalleled catalog of music encompassing thousands of labels and every conceivable music genre and era. The Company supplies music and video to the leading digital music stores and mobile operators throughout the world, and executes global marketing and promotion programs locally, with experts in every major music territory managing initiatives tailored to each country's unique dynamic. The Company works as a close business partner with its label clients and provides retail sales and marketing, an extensive suite of online promotional programs, synchronization placement, global royalty collection, global publishing administration, and in select cases, co-production investment capital. The Company also provides strategic media services to an impressive roster of digital retailers and leading consumer brands, ranging from publishing research, licensing and administration through comprehensive online and offline branding programs.
Forward-Looking Statements
This release contains statements that are considered to be forward-looking statements within the meaning of federal securities law (including, without limitation, information regarding the Company’s marketing, promotion, distribution and operations capabilities and the opportunity for combined revenue synergies and cost reductions) that involve risks and uncertainties that could cause the actual results of the Company following the merger to differ materially from management's current expectations. Actual results could differ materially from those anticipated in such forward-looking statements as a result of many reasons, including risks, uncertainties and factors which include, but are not limited to:
our ability to successfully integrate the operations of The Orchard and DMGI and achieve the anticipated operational synergies and cost reductions;
revenue and earnings expectations which are difficult to predict because of our limited operating history and emerging nature of the digital media industry;
our limited operating history in the acquisition, processing and sale of digital video content;
acceptance and adoption of the digital format by consumers and potential changes in consumers’ tastes and preferences in music and video, and the extent to which our content will appeal to consumers;
our ability to successfully identify, acquire for a commercially reasonable valuation, and process additional catalogs of music and video content;
competitive and economic conditions in our industry;
our ability to renew multi-year agreements for digital rights to music and video content as they expire;
our limited ability to influence the pricing models of digital entertainment services;
we may not have proper legal title to the digital rights associated with music and video content that we purchase or license, or others may claim to have such rights;
potentially long delays in receiving the master music and video recordings that we acquire rights to;
our dependence on digital entertainment services to review, process and make all of our digital offerings available on a comprehensive and timely basis for purchase by consumers;
music and video piracy;
availability, terms and use of capital to continue to grow our business;
our dependence on Apple iTunes Store for the majority of our revenue;
our ability to successfully enter into new sales channel relationships;
the differing interpretations of and potential ambiguities in U.S. copyright laws; and
maintaining adequate internal operating and financial controls over our business and financial reporting.
Many of the factors listed above are and will be beyond the Company’s control. Given these uncertainties, you should not place undue reliance on such forward-looking statements. The matters discussed in this press release also involve risks and uncertainties described in DMGI's most recent filings with the Securities and Exchange Commission (SEC), including its Annual Report for 2006 on Form 10-K filed with the SEC on March 30, 2007 and its most recent Quarterly Report on Form 10-Q filed with the SEC on November 13, 2007. The Company assumes no obligation to update the forward-looking information contained in this release.
Media
USA
Axis Marketing/PR
Sarah Miller, +1 310 276 2220
smiller@axismarketingpr.com
or
Europe
Simon Lait, + 44 (0)1832 720 292
m. + 44 (0)7785 596 593
simon@theorchard.com
or
Company Contact:
Jeff Nimerofsky, +1 212 201 9280
Investor Relations
investor_relations@theorchard.com
News by QuoteMedia
www.quotemedia.com
Jordan's shoppers sitting pretty if Sox win
October 23, 2007
Thousands of Red Sox fans could be sitting in free seats soon - if their team wins the World Series.
Breaking News Alerts Jordan's Furniture, the Warren Buffett-owned local chain famous for commercials featuring brothers Barry and Eliot Tatelman, earlier this year promised free furniture - including sofas, dining tables, beds, and mattresses - to customers who bought between March 7 and April 16, so long as the Sox win the fall classic. Now, there's a real possibility that Jordan's could be paying back millions to customers.
"Imagine yourself sitting on that sofa, watching that game, and knowing it's free if they win," said president and chief executive Eliot Tatelman, who is already appearing in new commercials reminding fans of his commitment to pay them back.
He wouldn't disclose how much Jordan's might have to pay out, but the money won't come out of Jordan's back account: Tatelman bought an insurance policy to cover any losses in the event the Sox win the title.
Still, Tatelman said the chain took almost 30,000 orders during the contest. One customer stands to get back $40,000, Tatelman said.
"He did his whole house," he said.
KEITH REED
© Copyright 2007 Globe Newspaper Company.
http://www.boston.com/business/articles/2007/10/23/jordans_shoppers_sitting_pretty_if_sox_win/
12/23/07 11:38 am
Meth Could End Up in Halloween Trick or Treat Bags
Posted by METH = DEATH
Meth Warning
Body: Body: Oct 23, 2007 6:24 PM
Subject: Meth Warning
Body: Body: Halloween Warning for Parents
There is a type of crystal meth going around that looks like strawberry pop rocks. It smells like strawberry also and it is being handed out to kids in school yards in AR. I'm sure it will make its way around the country. Kids are ingesting this thinking it is candy and being rushed off to the ER in dire condition.
It also comes in chocolate, peanut butter, cola, cherry, grape and orange.
It looks just like pop rocks.
Please instruct children to not accept candy that looks like this even from a friend and to take any that they may have to a teacher, principal, etc.
Pass this around it could save some family a lot of heartache!
They call it strawberry meth or strawberry quick.
Special Agent Todd V. Coleman
U.S. Department of Homeland Security
U.S. Immigration & Customs Enforcement
Direct Office Line (956)753-4678
Office Fax Line (956)753-4673
todd.coleman@dhs.govhttp://www.fernleynews.com/1400000/letters/MethInHalloweenBags102307.html
VG 2.50 Change +0.97 (+63.40%)
Vonage Settles Patent Dispute With Verizon >VG VZ
Dow Jones Newswires - October 26, 2007 7:33 AM
NEW YORK (Dow Jones)--Vonage Holdings Corp. (VG) further eased its legal burden by settling with Verizon Communications Inc. (VZ) over their patent dispute and agreeing to pay as much as $120 million.
The Holmdel, N.J., provider of Internet phone service could pay a maximum of $32 million in addition to the $88 million it already held in an account opened for this purpose. The settlement closes an ugly chapter in Vonage's already mixed history.
The final amount is dependent on a Court of Appeals decision. If the court rules in Vonage's favor, it could pay as little as $80 million. If the decision goes against Vonage, it will pay $117.5 million to Verizon, and $2.5 million to charities.
The suit comes even as Vonage made claims of completing technology that would have worked around Verizon's patents.
It's the second suit Vonage has settled in recent weeks. Earlier this month, Vonage signed a licensing deal with Sprint Nextel Corp. (S) in which Vonage will pay Sprint $80 million. That pact covers 100 Sprint patents related to connecting Internet phone calls.
Vonage isn't out of the woods yet. On Friday, AT&T Inc. (T) filed a similar patent lawsuit against the company, claiming it had attempted to form a licensing deal with Vonage since April 2005. An AT&T spokesman said the company was proceeding with the lawsuit, and declined to comment on the possibility of settlement.
Vonage, which pioneered Internet phone service and brought it to the masses, has faced numerous problems beyond the lawsuits. After suffering through several early defeats against Verizon, concerns over its viability kept customers away and drove away some from its base of 2.5 million subscribers.
At the same time, Vonage faced heightened competition from cable companies, which offered their own Internet phone service bundled with video and a high-speed Web connection. In April, then-Chief Executive Michael Snyder stepped down and was replaced by founder Jeffrey Citron, who revamped the company's marketing strategy.
Vonage shares, which were halted when the news was announced, recently reopened in after hours, rising 54% from the regular-session close to $2.36. Verizon shares were unchanged at $44.91.
Since Vonage's initial public offering, when shares hit $17, Vonage stock has dropped steadily and routinely set 52-week lows.
-By Roger Cheng, Dow Jones Newswires; 201-938-2020; roger.cheng@dowjones.com
> Dow Jones Newswires
10-26-07 0732ET
Coastal Holdings, Inc. Announces Cancellation of Reverse Merger with Aqua Gold
Cancellation due to Aqua Gold's Breach and Misrepresentation of China Water
Distribution Contract
HOUSTON, TX, May 11 /PRNewswire-FirstCall/ - Coastal Holdings, Inc.
(PINKSHEETS: COHG - News) today announced, pursuant to the approval of a
majority of its shareholders, the cancellation of the reverse merger
agreement with Aqua Gold. This decision was based on critical information
received from WBDB Inc. with respect to the true ownership of the water
distribution contract recently disclosed by Aqua Gold. This information
exposed a breach and misrepresentation of contract on the part of Aqua Gold
International, Inc. Due to the significant negative impact of this
misrepresentation, which could be construed as defamation of character,
Coastal Holdings' management is seriously considering taking legal recourse
against these actions of Aqua Gold and its principals.
Furthermore as a result of this cancellation and according to majority
shareholder consensus, Coastal Holdings has decided to not retain the
following three previously announced Board members: (1) Mr. Gerald Enloe,
Chairman of the Board; (2) Mr. Paul A. Taillefer, Chief Operating Officer;
and (3) Mr. Daniel Sauve, Chief Financial Officer. Effective immediately,
Mr. Horace Sirois has been appointed as Chief Executive Officer and
Chairman of the Board of Coastal Holdings, Inc.
Pursuant to these extraordinary events, Coastal Holdings in conjunction
with Mr. Horace Sirois has agreed to sign a direct licensing agreement
concerning WBDB Inc.'s water distribution contracts in China. Further
details will be disclosed in short order upon the signing of the agreement.
The Company will take all the necessary steps to support the development of
Mr. Sirois' long-term and well-established relationship with China-based
companies.
Finally, Coastal Holdings announced that it will take immediate action
to terminate the dumping of shares by Aqua Gold's principals in order to
protect the interests of its shareholders.
Mr. Horace A. Sirois is currently President and CEO of the World
Business Development Bureau (WBDB - http://www.wbdb.biz). He is also an active
member of the Canada China Network Council (CCNC), and has successfully
executed several trading contracts and land development projects in China.
In particular the honorable Prime Minister of Quebec Jean Charest, during
his economic mission in China, was proud to announce the largest contract
in bottled water industry ever made between Canada and China; which was
executed by WBDB. Mr. Sirois is a highly experienced public servant who has
held various senior executive positions in both the public and private
sectors.
For more information on Coastal Holdings, Inc. please contact Mr. Alain
Barriere at (514) 977-1271.
Forward-Looking Statements
Please be advised that statements made herein, other than historical
data, constitute forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially from
those stated or implied by such forward-looking statements. The potential
risks and uncertainties include, among others, potential volatility in the
company's stock price, increased competition, customer acceptance of new
products and services offered by the company, and uncertainty of future
revenue and profitability and fluctuations in its quarterly operating
results. Please also be advised that the company's stock is not currently
registered with the Securities and Exchange Commission.
Source: Coastal Holdings, Inc.
SOURCE Coastal Holdings, Inc
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/05-11-2007/0004586404&EDATE=
DAIO 6.33 Change +2.31 (+57.46%)
October 24, 2007 - 4:30 PM EDT
Data I/O Announces Third Quarter Profits
REDMOND, Wash., Oct. 24 /PRNewswire-FirstCall/ -- Data I/O Corporation (Nasdaq: DAIO), the leading provider of manual and automated device programming systems, today announced financial results for the third quarter of 2007.
Revenues for the third quarter of 2007 were $7.3 million, an increase of 26% compared with $5.8 million for the second quarter of 2007. New orders during the third quarter were $8.3 million, up 33% from the $6.2 million for the second quarter of 2007. The gross margin as a percentage of sales for the third quarter of 2007 was 62.0%, compared with 49.1% for the second quarter of 2007. The increase in gross margin percentage was primarily due to a favorable product mix; higher sales volume relative to fixed operating costs; sales channel mix being mostly direct; and savings from our restructuring actions, as well as favorable inventory material cost and labor and overhead variances.
In accordance with U.S. generally accepted accounting principles (GAAP), net income for the third quarter of 2007 was $1.6 million, or $0.18 per share, compared with a net income of $47,000 or $0.01 per share for the third quarter of 2006, and compared with a net loss of ($1.1 million), or ($0.13) per share, for the second quarter of 2007. Included in the results of each of these periods was $0.01 per share related to the impact of expensing options.
'We were pleased to report both the large orders to a new automotive customer announced earlier, as well as strong sales to wireless customers', said Fred Hume, president and CEO. 'The substantial increase reported in gross margin, which combined with savings resulting from our restructuring actions were the leverage for delivering outstanding profitability for the third quarter.'
Conference Call Information
A conference call discussing the third quarter and 2007 financial results will follow this release today at 2:00 p.m. Pacific time/5:00 p.m. Eastern time. To listen to the conference call, please dial (480) 629-9025 passcode: DAIO. A taped replay will be made available approximately one hour after the conclusion of the call and will remain available for one week. To access the replay, please dial (320) 365-3844, access code: 891734. The conference call will also be simultaneously webcast over the Internet; visit the News and Events section of the Data I/O Corporation website at http://www.dataio.com to access the call from the site. This webcast will be recorded and available for replay on the Data I/O Corporation website approximately two hours after the conclusion of the conference call.
About Data I/O Corporation
Celebrating 35 years of innovative leadership in the device programming industry, Data I/O Corporation (Nasdaq: DAIO), offers expertise in delivering intellectual property to programmable devices, with integrated manufacturing solutions that specifically address the requirements of engineering and manufacturing customers. Data I/O Corporation has headquarters in Redmond, WA, with sales and services offices worldwide. For further information, visit the company's website at http://www.dataio.com.
Forward Looking Statement
Statements in this news release concerning orders or future growth in revenue, results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors include uncertainties as to levels of orders, ability to record revenues, market acceptance of new products, changes in economic conditions and market demand, pricing and other activities by competitors, and other risks including those described from time to time in the Company's filings on Forms 10K and 10Q with the Securities and Exchange Commission (SEC), press releases and other communications.
DATA I/O CORPORATION
COMPARATIVE STATEMENTS OF EARNINGS
(in thousands except per
share data) Third Quarter Nine Months Ended
Percent Percent
9/30/2007 9/30/2006 Change 9/30/2007 9/30/2006 Change
Net sales $7,283 $6,837 6.5% $19,089 $20,413 -6.5%
Gross margin 4,512 3,768 19.7% 10,670 10,922 -2.3%
Gross margin as
percent of
sales 62.0% 55.1% 6.9% 55.9% 53.5% 2.4%
Operating expenses:
Research &
development 1,036 1,426 -27.3% 3,693 4,245 -13.0%
Selling, general
and
administrative 1,969 2,229 -11.7% 6,534 7,494 -12.8%
Provision for
business
restructure (107) 152 725 152
Operating income
(loss) 1,614 (39) (282) (969)
Non-operating income
(expense) (9) 22 32 97
Income(loss) from
operations before
taxes 1,605 (17) (250) (872)
Income tax
expense(benefit) (1) (64) 8 (9)
Net income(loss) $1,606 $47 ($258) ($863)
Total diluted
earnings(loss)
per share $0.18 $0.01 ($0.03) ($0.10)
Diluted weighted
average shares
outstanding 8,815 8,672 8,555 8,413
CONDENSED BALANCE SHEET
(in thousands)
9/30/2007 12/31/2006
Cash and cash equivalents $4,106 $2,478
Accounts receivable, net 7,110 8,497
Inventories 5,906 5,052
Other current assets 176 491
Property, plant and
equipment, net 2,202 2,852
Other long-term assets,
net 115 121
Total assets $19,615 $19,491
Current liabilities $5,508 $5,762
Long-term debt 384 446
Shareholders' equity 13,723 13,283
Total liabilities
and shareholders'
equity $19,615 $19,491
SOURCE Data I/O Corporation
Source: PR Newswire (October 24, 2007 - 4:30 PM EDT)
News by QuoteMedia
www.quotemedia.com
Good call waiting on CNIC, I got in at 3.89 put a sell order at $4.39 (Thought it would get there) and left for the day. It started strong..I'll just add it to my collection, some people collect coins I collect worthless stocks.
CNIC 3.89 Change +1.06 (+37.46%)
October 23, 2007 - 8:01 AM EDT
Copernic Releases Mobile Update to Include Apple iPhone Optimization
Copernic Inc., (NASDAQ: CNIC), a leader in internet search technology and online advertising, announced the launch of an updated version of Copernic Mobile that now includes a new Apple iPhone/iPod Touch-optimized user interface. Via the large touch screens, the updated Copernic Mobile product offers a more user-friendly experience when remotely searching for and accessing file content on these important Apple products. With such an improved offering, Copernic is actively working to license the product to wireless operators.
"Copernic Mobile now automatically detects the user's mobile device and optimizes its website for display on a standard mobile phone, an iPhone/iPod or a computer," said Eric Bouchard, Vice President of Products for Copernic. "Additionally, the updated version includes other enhancements such as improved emailing features and compatibility with the Windows Vista operating system."
About Copernic Mobile
Copernic Mobile enables a user to utilize a mobile device to remotely and securely search and access content from their own PC, including emails, files, music, pictures and videos. The application is easily installed and requires no special configuration from the user. Using advanced technologies, the product seamlessly adapts the content of documents for quick and easy viewing on mobile devices. For example, a PDF document stored on the PC would be automatically converted and displayed on the mobile device.
The updated product, which, in the short term, will remain in the beta version, is now available to a limited number of testers. Copernic Mobile requires a PC running Copernic Desktop Search® software search engine or Windows Desktop Search and a broadband internet connection.
For more information, including a video demonstration, please visit: http://www.copernic.com/mobile/.
About Copernic Inc.
Copernic Inc. is a leading provider of award winning search technology for both the web and desktop space delivered through its online properties, including www.mamma.com and www.copernic.com.
Through its award winning Copernic Desktop Search® software search engine product, the Company develops cutting edge search solutions bringing the power of a sophisticated, yet easy-to-use search engine to the user's PC. It allows for instant searching of files, emails, and email attachments stored anywhere on a PC hard drive. The desktop search application won the CNET Editors' Choice Award, as well as the PC World World Class award in 2005. In 2007, PC Pro, the UK's most respected IT magazine for professionals, and Micro Hebdo, one of France's most read IT magazines, each selected Copernic Desktop Search® 2.0 software search engine as the top desktop search tool.
Through its well established media placement channels, Copernic Inc. provides both online advertising as well as pure content to its vast array of partnerships worldwide. Copernic handles over 1 billion search requests per month and has media placement partnerships established not only in North America, but in Europe and Australia as well.
More information can be found at www.copernic-inc.com.
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that can cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission and the Ontario Securities Commission. The Company expressly disclaims and intent or obligation to update any description of the scope, focus or subject matter of the statement in this press release.
Apple, iPhone, iPod and iPod Touch are either registered trademarks or trademarks of Apple, Inc. in the United States and/or other countries. Windows and Windows Vista are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries.
Contacts:
Copernic Inc.
Christine Papademetriou, MBA
Director of Marketing
514-908-4325
Toll Free: 877-289-4682 #125
christine@copernic.com
Copernic Inc.
www.copernic-inc.com
Source: Marketwire (October 23, 2007 - 8:01 AM EDT)
News by QuoteMedia
www.quotemedia.com
(Car salesman of the year LOL)
1973 Challenger-no dreamers, poor people or trades! - $4999
Up for sale at the firm price of $4999 is a 1973 Dodge Challenger Rallye with tons of options. Missing the original 318, auto trans, drive shaft, I do have a radiator and a 1969 440 steel crank core motor to go with it.
Super nice project with tons of cool options and an is smog exempt and no back fees are due as it's out of the computer.
If you have no cash, like to dream about a car your brother let you borrowed and you boned an ugly chick in, if you have a vw garbage can or other other vehicle that you can't sell, if you keep talking about how you want a father-son project and keep ask about what the resale value is when it's done or some other RETARDED nonsense, then DON'T RESPOND TO ME ABOUT THIS CAR!
Car will be for sale for the last time til 7pm thursday, after that, I'm keeping it and no offer for any amount will be excepted. I'm tired of the pothead/meth-head dreamers, ask my wife first as I have no balls, no value crud car traders,9 year olds with mommies credit card, less-than-no-money orphans with a pitiful excuse why they can't get someone to give them a car for free because it's the right thing to do crap.
DO I sound a little frustrated? Anyway $4995 gets you a pretty complete and restorable car with almost no rust and clean body in homemade black paint that is covering the factory silver paint, very limited amount of challengers were painted in silver that year. This car does not run, duh?
If you need more than the 8 pictures I posted here, then maybe you need better glasses or to get off your lazy butt and check out something in person. No extra photos will be sent!
$4999 til thursday 7pm
mopar cuda dodge plymouth charger http://sacramento.craigslist.org/car/456602617.html
The little trick I learned from you, follow NSDQ and you make money.PLUG Avg Volume (10 days)363,517 already 1,712,413
PLUG 4.50 +1.53 (+51.52%)
PLUG 3.35 Change +0.38 (+12.79%) Plug Power receives fuel cell order from national retailer
Briefing.com - October 22, 2007 7:04 AM ET
Co, through its wholly owned subsidiary Cellex Power Products, announces a purchase order for GenDrive fuel cell power units from Wal-Mart Stores (WMT) for use in lift trucks at one of the co's distribution centers. This is Plug Power's largest single GenDrive order to date, although the specific terms are confidential
I LOVE VIP treatment at strip clubs...GREAT PR.there goes the RS theory, MINXX would not want pizzed off shareholders in a VIP booth..also free bottle service is alot more then a free drink coupon,LOL... WEEEEE
"What happens here, stays here," the famed Vegas tourist slogan says. And as Las Vegas ratchets up the raunch factor to an unprecedented level — $8 billion was dropped last year on adult entertainment such as strip clubs, the Sin City Chamber of Commerce estimates — does it ever!
Anyone who interacts with visitors in this adult fantasyland can offer eyewitness reports of tawdry behavior. Vegas racked up its best year ever in 2006 with 38.9 million visitors and 93.2% hotel occupancy, the Las Vegas Convention and Visitors Authority says.
More than ever, visitors engage in activities they'd never consider at home, from getting lap dances at strip joints, to picking up a stranger or calling up an escort, to visiting swingers' clubs.
"People come here to do the nasty. The sexy, the naughty — this is the most potent incarnation of Vegas so far," says former professional gambler Anthony Curtis, publisher of LasVegasAdvisor.com, citing an explosion of escort services, topless shows, massage parlors and "gentlemen's clubs" in a place that made its name on gambling and then tried a brief, not-so-successful stint as a family destination that ended about 2001.
In a place where alcohol is poured 24 hours a day and you can stroll the Strip with booze in hand, even celebrities let loose publicly. Think pop star Britney Spears having to be helped out of PURE nightclub at Caesars Palace after a party last New Year's Eve, Tennessee Titans star Adam "Pac-Man" Jones being suspended from the NFL in the wake of a February strip club brawl, HBO chairman Chris Albrecht getting arrested (and relinquishing his job) after an alcohol-fueled public altercation with his girlfriend last weekend.
Big names "come here and have three shots of tequila and think they're invisible for three days," says Las Vegas Review-Journal columnist Norm Clarke, who is on the town most nights and is updating his tell-all book, Vegas Confidential.
The vice squad's busy
Despite the fact that prostitution is illegal here, the phone book's Yellow Pages boasts 126 pages of "entertainers" who'll visit hotel rooms. Entries include "Secret Room Service Satisfaction Guaranteed," "Campus Sorority Sisters Cutting Class To Be With You" and "Fetish World: What's Your Pleasure?" There's something for every predilection, from "Wild Teen Tami" to "Affordable Older Women" to "Girly Man Gary."
Touts on the Strip hand out cards with racy photos and phone numbers of escorts. Hookers hang out at casinos and proposition solo males.
"Our vice squad is busy," says officer Martin Wright, a spokesman for the Las Vegas Metropolitan Police Department.
Strip clubs, where the $20 lap dance is lapped up by conventioneers and bachelor partiers, are requisite stops for men on their own, says Michael Tomes, vice president of VegasVIP.com. "Gambling is secondary now," he says.
Wayne Bridge, CEO of the Sin City Chamber of Commerce — which encompasses adult entertainment businesses not affiliated with the more staid Las Vegas Chamber of Commerce — says an estimated third of convention-goers visit nearly three dozen strip clubs.
A growing number of companies organize customized tours of nightspots for people who — influenced by TV shows such as Entourage and Las Vegas— "want to party like rock stars," says Tomes, a 29-year-old Texan. He's sipping water at a bar in the Palms Casino Resort between text messages to get clients on the guest lists at velvet-rope clubs such as Tao, Tryst and Jet.
His company hires what he calls "arm charms" — attractive young women who accompany men on the town. "They're not prostitutes. They just make the client feel like the center of attention," he says.
"Guys do get obnoxiously drunk and say stupid things, because they think they're paying for these girls," Tomes says. But mostly they're content to be part of the carousing his company organizes, such as choice tables in a club's VIP area or a bachelor party in a hotel suite with a midget dressed as a cowboy riding on the backs of two strippers.
Hollywood lets its hair down
Girls just want to have Vegas-style fun, too.
When Jennifer Aniston and actor Vince Vaughn were an item, she hopped onstage at the popular Forty Deuce burlesque cabaret to do an impromptu dance for him, Clarke says. (The nice-girl actress didn't disrobe.) Other stars, including Eva Longoria and Denise Richards, have donned lacy lingerie and strutted their stuff with the Pussycat Dolls Vegas troupe, which does campy burlesque in a lounge at Caesars Palace. Jessica Simpson emceed a Dolls show last weekend.
At Olympic Garden, one of the clubs that offer male dancers, stripper Ramon Cortez says he can take home $1,000 in tips on a good night. Women come upstairs to watch the "Men of Olympus" dancers while their husbands huddle with topless cuties downstairs.
"I've had guys try to hit me" because they have second thoughts about their mates stuffing dollar bills into a man's G-string, says the buff, tattooed Cortez. "And some (customers), they try to grab everything."
On this night, there are no jealous males or pawing women. Just a married woman on a girls' weekend who had one too many and told Cortez she "had never been to a strip club before and it felt like cheating," he says. She threw up before making it to the restroom.
Other tourists aim to take sexy moves home. The 10-month-old Stripper 101 class, held in a theater at the Planet Hollywood Resort & Casino, started twice a week and now is offered daily. On a recent evening, 14 cocktail-sipping women from their 20s to 50s whoop enthusiastically as veteran dancer Trixie Lovett, in hot pants and bra top, tells them any woman can be sexy with a confident attitude and teaches her fully clothed pupils how to give a lap dance and spin seductively on a stripper pole.
"Heinie up, arch your back, point your toes. I want to give you something to take back to your husbands," the 36-year-old blonde says.
Guests at the Palms needn't wait to show off stripper moves. It has a half-dozen suites with stripper poles.
Giving a tour of the $3,000- to $5,000-a-night "Erotic Suite" — outfitted with a revolving bed — Palms owner George Maloof shows off the trademarked "Show Shower." It's outfitted with a pole and glass wall that changes from opaque to clear at the touch of a button.
Guests also party in the Hugh Hefner Sky Villa with an infinity pool decorated with the Bunny logo. Hef was here in March with his three young girlfriends to celebrate his 81st birthday and visit the new Playboy Club atop the Palms. There, Bunny waitresses and dealers sometimes secure their snap-on puffball tails with safety pins to prevent souvenir-hunting stag partiers from snatching them.
Maloof frowns while showing off the Palm's Pink Suite, where the door to the bedroom is temporarily missing. Someone kicked it in, he speculates. Vegas visitors get rowdy, the soft-spoken 42-year-old allows, as some raucous guests hoot and holler in the hall.
"They'll come in on Friday, go all night, take a nap Saturday afternoon and do it again." The hotel's complimentary toiletries include drops to soothe bloodshot eyes.
The Palms is where Britney Spears stayed when she impulsively wed (and later shed) Jason Alexander in a Vegas chapel, and where Maloof pals such as Pamela Anderson, Jim Carrey and Leonardo DiCaprio unwind. Maloof will tell no tales, but does allow that Paris Hilton was his date at the Palms' 2001 opening.
"Las Vegas is all about adults having fun," Maloof says. Visitors "have their Vegas mind-set once they step off the plane."
Law enforcement personnel understand that mind-set, says officer Wright. But public drunkenness and other bad behavior are cause for arrest. More than 200 out-of-towners were arrested when rowdiness got out of hand during February's NBA All-Star Weekend.
"If we allowed people to run amok, then people would not want to come here," Wright says.
Some do nothing more sinful than overindulge at the famed buffets and expanding menu of upscale shops. But the glittery desert oasis built on the concept of lightening visitors' wallets and making them happy about it is embracing the lucrative "we're all adults here" concept more each year.
Pussycat dolls, topless tanning
Separate topless sunbathing pools are making a splash at Vegas resorts. The Mirage is trumpeting the new Bare pool and party lounge, where hotel guests and others pay a fee (typically $10 for women, $30 for men). Caesars Palace, Mandalay Bay and Wynn Las Vegas also offer what's discreetly billed as "European-style" sunbathing.
Skin is very much in, says columnist Clarke, offering a nighttime tour of some favorite haunts.
At Caesars Palace, he and girlfriend Cara Roberts point out the new Pussycat Dolls mini-casino and lead the way into the packed Pussycat Dolls Lounge, where a Doll lolls in a giant replica of a Champagne glass while others squeal and do the cancan. At the adjacent PURE, where VIPs recline on white daybeds, a tour highlight is a narrow ledge for drinks where party girl Hilton likes to prance. The last stop is Forty Deuce, an intimate New-York-style club where the restrooms are labeled "Penis" and "Vagina."
It's 12:30 a.m., and the dimly lit circular room backed by a narrow stage is jammed with a young crowd dancing and smoking cigars.
The 64-year-old Clarke, jaunty in a gray pin-striped suit, electric-blue shirt and eye patch, checks e-mails that keep popping into his BlackBerry. Adam Sandler has just been sighted at Mandalay Bay. Warren Beatty and Annette Bening and family went backstage at Cirque du Soleil's O. All were well behaved.
The lights dim, as a dancer slinks onstage in vintage-burlesque gown and long gloves, which she teasingly removes to a jazz trio's sultry, insinuating beat. The crowd whoops as she ends up topless in a G-string, turning her back and doing what Clarke calls "the butt flutter."
A patron in her 20s with thong riding above the back of her pants waves a Champagne bottle, turns to a female friend and tipsily mimes giving a lap dance.
"She's going to outlast everyone," Clarke says, before preparing to call it a night. "She's hard-core."
The following morning, other hard-core visitors make their bleary-eyed way to the airport. There's a guy tipsily bragging about his exploits with a $1,200 escort, then calling his wife to say he loves her; giggling twentysomethings yakking about a bachelorette party gone extremely wild.
"The notion is that it's all men coming here and hiding stuff from their wives," says Howard Lefkowitz, president of the Vegas.com website. "Women come here and do stuff, too, because they think, 'They're not going to find out about it in my hometown.' "
'Cause, you know. What happens in Vegas …
E-mail kyancey@usatoday.com
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To report corrections and clarifications, contact Reader Editor Brent Jones
http://www.usatoday.com/travel/destinations/2007-05-10-naughty-las-vegas_N.htm
40 million tourists visit Las Vegas each year.More popular than Disneyland.
from 18 to 24, 32.0% Demographics
Historical populations
Census Pop. %±
1920 2,304 —
1930 5,165 124.2%
1940 8,422 63.1%
1950 24,624 192.4%
1960 64,405 161.6%
1970 125,787 95.3%
1980 164,674 30.9%
1990 258,295 56.9%
2000 478,434 85.2%
Est. 2006 552,539 [5] 15.5%
Source: City of Las Vegas[6]
Las Vegas has been the county seat of Clark County since the formation of the county in 1909. The Census Bureau's official population estimate, as of 2006, was 552,539, though the city’s own Planning and Development Department reported a population of 591,536[1] as of July, 2006.
The United States Census Bureau 2006 estimates place the population for the Las Vegas Metropolitan Statistical Area at 1,777,539 people, and the region is one of the fastest growing in the United States.[citation needed] Las Vegas proper was ranked as the 32nd largest city in the United States in 2000, but 2006 estimates have placed the city 28th in rank.[7]
As of the censusGR2 of 2000, there were 478,434 people, 176,750 households, and 117,538 families residing in the city. The population density was 1,630.3/km² (4,222.5/mi²). There are 190,724 housing units at an average density of 649.9/km² (1,683.3/mi²). The racial makeup of the city was 69.86% White, 10.36% African American, 0.75% Native American, 4.78% Asian, 0.45% Pacific Islander, 9.75% from other races, and 4.05% from two or more races. Hispanics are 23.61% of the population.
There were 176,750 households out of which 31.9% had children under the age of 18 living with them, 48.3% were married couples living together, 12.2% had a female householder with no husband present, and 33.5% were non-families. 25.0% of all households were made up of individuals and 7.5% had someone living alone who was 65 years of age or older. The average household size was 2.66 and the average family size was 3.20.
In the city the population was spread out with 25.9% under the age of 18, 8.8% from 18 to 24, 32.0% from 25 to 44, 21.7% from 45 to 64, and 11.6% who were 65 years of age or older. The median age was 34 years. For every 100 females there were 103.3 males. For every 100 females age 18 and over, there were 102.5 males.
The median income for a household in the city was $44,069, and the median income for a family was $50,465. Males had a median income of $35,511 versus $27,554 for females. The per capita income for the city was $22,060. About 6.6% of families and 8.9% of the population were below the poverty line, including 5.4% of those under age 18 and 6.3% of those age 65 or over.
As of the 2006 census estimate, the Las Vegas metropolitan area contained over 1.7 million residents, and contains the largest ethnic Hawaiian community outside of Hawaii.
Las Vegas has one of the highest suicide and divorce rates of the US. [8][9]. The city's high divorce rate is partly due to the fact that divorce is easier in Nevada than most other states, so many divorcing couples are not actually Las Vegas residents, they come from all over the country for the easy divorce. The state, however, also has liberal marriage laws, giving Las Vegas a higher marriage rate than many larger cities
http://en.wikipedia.org/wiki/Las_Vegas,_Nevada#Demographics
CBPC 0.04 x 0.044 Company's Partner Completes Trial Production of a New Antiviral Medicine
PR Newswire - October 15, 2007 8:21 AM ET
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Symbol Last Chg
CBPC Trade 0.039 0.00
Real time quote.
China Biopharma, Inc. (OTC Bulletin Board: CBPC) announced today that its partner, Soonfast Pharmaceutical Science & Technology Co., Ltd. ("Soonfast") has successfully completed its trial production of a new antiviral product. This all-natural medicine has been approved in China for external use to treat human papillomavirus ("HPV") and herpes simplex virus ("HSV"). Tests have shown an inhibitory effect on the growth of HPV and HSV, and the medicine can reduce the infection from HPV and HSV up to 90% only in 2-3 days. Experiments have also proved that the herbal can kill all of the HPV types 6/11/16/18 and 33. The sample product is available for distributors now and the commercial product will be available next month.
HPV infection is common across all races and socio-economic groups and is prevalent throughout the world in sexually active persons. HPVs are the most common sexually transmitted viral agents in the United States, infecting up to 20% of people aged 15 to 49. In the last 30 years, the incidence of HPV infection has increased dramatically. Despite the prevalence of HPV, no available drug therapy effectively eliminates HPV infection and replication or prevents HPV-associated malignant progression.
According to the agreement reached with Soonfast in June this year, China Biopharma has the right to distribute this new all-natural antiviral medicine in overseas market. The successful trial production has now quickened some approval process for China Biopharma to launch commercial sales on overseas market including Europe and the United States. The company and Soonfast also plan to jointly conduct studies on its extracts in both China and USA so as to obtain approval necessary for selling this medicine as an over-the-counter drug. The company believes this new medicine would bring in significant revenue and profit in the near future once it is successfully introduced into the market.
About China Biopharma, Inc.
China Biopharma Inc. is a fast-growing biopharmaceutical company based in China. Through its operating subsidiaries, the company develops and distributes biopharmaceutical and pharmaceutical products throughout the world's most populated country, China. Products include human vaccines and other pharmaceutical drugs. Leveraging its investment and ownership of local Chinese bio-pharmaceutical companies, and partnerships with international biopharmaceutical companies, China Biopharma is building a highly-competitive platform for growth in China as well as new world markets, including the U.S. and Europe. For more information, visit its website at http://www.chinabiopharma.net.
Safe Harbor Statement
Some of the statements here discuss future events and developments, including the Company's future business strategy and its ability to generate revenue, income and cash flow, and should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These "forward-looking" statements can generally be identified by words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," and similar expressions. These statements involve a high degree of risk and uncertainty that exists in the Company's operations and business environment and are subject to change based on various factors that could cause actual Company results, performance, plans, goals and objectives to differ materially from those contemplated or implied in these forward-looking statements. Actual results may be different from anticipated results for a number of reasons, including the Company's new and uncertain business model, uncertainty regarding acceptance of the Company's products and services and the Company's limited operating history.
CONTACT:
China Biopharma, Inc.
Tel: +1 (609) 651-8588
Attn. George Ji
ir@chinabiopharma.net
http://www.chinabiopharma.net
SOURCE China Biopharma, Inc.
http://www.chinabiopharma.net