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AGLV .0007x.0007 2x1 32million in volume.
ASPZ news: Dividend
Asia Properties Announces 1:10 Dividend of MCRT
BELLINGHAM, Wash. and HONG KONG, Nov. 15, 2007 (PRIME NEWSWIRE) -- Asia Properties, Inc. (API) (Pink Sheets:ASPZ) announced today that its board has approved a 1:10 dividend of its subsidiary Microart, Inc.'s ("MCRT") common stock.
The share dividend entitles each holder of ten shares of API's common stock to receive a dividend of one common share of MCRT. Asia Properties shareholders of record on November 30, 2007 will be entitled to receive the common stock dividend distribution. Daniel S. McKinney, CEO said, "We want to reward our loyal shareholders in API by this dividend for a portion of this potentially valuable stock held by the company. "
API anticipates that the shares and the accompanying stock certificates representing each stockholder's MCRT dividend shareholdings will be issued and mailed to stockholders following the filing of the all required forms with the appropriate regulatory agencies.
Further, the Company announced that it has invested its 2 million shares of Entellium into MCRT in exchange for equity. Entellium is one of the fastest-growing providers of CRM software solutions, including the award winning RAVE. "We recognize Entellium as one of the leaders in the expanding CRM global market," said McKinney. Please see: www.entellium.com
About Asia Properties, Inc.: Asia Properties, Inc. was established to develop resorts and prime real estate in Southeast Asia. Asia Properties currently operates as the only listed U.S. public company focusing on S.E. Asian real estate investments. API is a Nevada corporation and trades on the Pink Sheets under the symbol "ASPZ." There are currently 39,115,112 fully diluted shares consisting of 16,672,740 free trading and 22,357,376 restricted. The transfer agent is Computershare, Inc. of Golden, Colorado.
The Asia Properties, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1733
For up to date corporate information about Asia Properties, Inc. contact Daniel McKinney, email: dmckinney@asiaprop.com or (http://www.asiaprop.com) For Investor Relations, call Dennis Burns. Tel 567-237-4132 email: denny@nvestrain.com www.nvestrain.com
Statements, which are not historical facts, are forward-looking statements. The Company, through its management makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors which could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
CONTACT: Asia Properties, Inc.
Daniel McKinney
dmckinney@asiaprop.com
www.asiaprop.com
Investor Relations
Dennis Burns
567-237-4132
denny@nvestrain.com
www.nvestrain.com
ASPZ news: Dividend
Asia Properties Announces 1:10 Dividend of MCRT
BELLINGHAM, Wash. and HONG KONG, Nov. 15, 2007 (PRIME NEWSWIRE) -- Asia Properties, Inc. (API) (Pink Sheets:ASPZ) announced today that its board has approved a 1:10 dividend of its subsidiary Microart, Inc.'s ("MCRT") common stock.
The share dividend entitles each holder of ten shares of API's common stock to receive a dividend of one common share of MCRT. Asia Properties shareholders of record on November 30, 2007 will be entitled to receive the common stock dividend distribution. Daniel S. McKinney, CEO said, "We want to reward our loyal shareholders in API by this dividend for a portion of this potentially valuable stock held by the company. "
API anticipates that the shares and the accompanying stock certificates representing each stockholder's MCRT dividend shareholdings will be issued and mailed to stockholders following the filing of the all required forms with the appropriate regulatory agencies.
Further, the Company announced that it has invested its 2 million shares of Entellium into MCRT in exchange for equity. Entellium is one of the fastest-growing providers of CRM software solutions, including the award winning RAVE. "We recognize Entellium as one of the leaders in the expanding CRM global market," said McKinney. Please see: www.entellium.com
About Asia Properties, Inc.: Asia Properties, Inc. was established to develop resorts and prime real estate in Southeast Asia. Asia Properties currently operates as the only listed U.S. public company focusing on S.E. Asian real estate investments. API is a Nevada corporation and trades on the Pink Sheets under the symbol "ASPZ." There are currently 39,115,112 fully diluted shares consisting of 16,672,740 free trading and 22,357,376 restricted. The transfer agent is Computershare, Inc. of Golden, Colorado.
The Asia Properties, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1733
For up to date corporate information about Asia Properties, Inc. contact Daniel McKinney, email: dmckinney@asiaprop.com or (http://www.asiaprop.com) For Investor Relations, call Dennis Burns. Tel 567-237-4132 email: denny@nvestrain.com www.nvestrain.com
Statements, which are not historical facts, are forward-looking statements. The Company, through its management makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors which could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
CONTACT: Asia Properties, Inc.
Daniel McKinney
dmckinney@asiaprop.com
www.asiaprop.com
Investor Relations
Dennis Burns
567-237-4132
denny@nvestrain.com
www.nvestrain.com
no fills for last .0005's or .0006 atm. ah filled.
Weo. Correction on that PR but small anyhow. :) looking good.
JACKSONVILLE, NY -- (MARKET WIRE) -- 11/15/07 -- In the news release, " Ulysses Holding Corp. After the Bell Announced Its First Acquisition," issued Wenesday, November 14, 2007 , by Ulysses Holding Corp. (PINKSHEETS: UHCR), we are advised by the company that the second sentence of the second paragraph should read "Westtown Optical has been serving the community since 1960 and serves retail, insurance and union member clients with a complete line of eye care products, and eye exams on premise." rather than "Westtown Optical has been serving the community since 1980 and serves retail, insurance and union member clients with a complete line of eye care products, and eye exams on premise." as originally issued. Complete corrected text follows.
Ulysses Holding Corp. After the Bell Announced Its First Acquisition
JACKSONVILLE, NY -- November 14, 2007 -- Ulysses Holding Corp. (PINKSHEETS: UHCR) today after the bell announced its first Retail Optical Outlet acquisition.
The company has acquired Westtown Optical of Ithaca, New York . Westtown Optical has been serving the community since 1960 and serves retail, insurance and union member clients with a complete line of eye care products, and eye exams on premise. The company generates in excess of 1M dollars per year of revenues and has operated profitably for the last 20 plus years.
" Ulysses Holding will not change the name of the store nor will the company replace any of its current employees; in another words, it will be business as usual. However, the company will seek ways to increase revenues with an aggressive advertising and marketing campaign amongst other marketing tools," said Dawn P. Young, V.P. of Operations.
"We believe this first acquisition fits right into our company's business model, which is acquire profitable local area retail operations without changing the name or employees; thus, not diminishing brand loyalty within the community," said Mr. Young, President & CEO.
Mr. Young also added, "We have several other acquisitions in the pipeline utilizing the same scenario and business plan, local loyalty with the advantages of a large corporations purchasing and operational strength."
About Ulysses Holding Corp. :
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets with an average or better industry margins.
The current authorized shares now are 12 Million. The 12 Million Authorized Shares consist of 2,000,000 Preferred Shares (restricted for two years in management's control with no conversion options to common) and 10,000,000 Common Shares.
This press release does not constitute an offer of any securities for sale. This press release contains certain 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. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact:
Ulysses Holding Corp.
Investor Relations
Tel: 1-607-387-7353
New Motion Increases Revenue 88% Year-Over-Year in the Third Quarter
IRVINE, Calif.--(BUSINESS WIRE)--
New Motion Inc. (OTCBB:NWMO) today announced results for its fiscal third quarter ended September 30, 2007. The Company continues to demonstrate strong momentum, growing quarterly revenues 88% year-over-year in the third quarter, and growing revenue 84% year-over-year for the nine months ended September 30, 2007.
Compelling digital content and products – both mobile and online – generates a wide audience, and New Motion’s unique business model illustrates it can convert this audience into a premium mobile subscriber. The company’s approach integrates the Internet and mobile platforms across all four of their core direct-to-consumer business areas – digital music, casual gaming, community/lifestyle, and interactive contests. This integrated approach, coupled with an ability to acquire new customers across a broad demographic at greatly reduced costs, has resulted in New Motion becoming a leading company in the U.S. direct-to-consumer mobile entertainment marketplace.
Net sales for New Motion’s third quarter of fiscal 2007 grew to $10.5 million, up 88% from $5.6 million in the third quarter of fiscal 2006. Net loss for the third quarter of fiscal 2007 was $1.9 million, or $0.16 per basic and diluted share, compared to a net loss of $0.4 million, or $0.06 per basic and diluted share, in the third quarter of fiscal 2006. Included in the 2007 third quarter net loss is approximately $0.7 million of non-cash depreciation, amortization and stock compensation expense. New Motion ended the third quarter with $13.0 million of cash and cash equivalents and working capital of $15.1 million.
New Motion had approximately 750,000 monthly paying subscribers at September 30, 2007, an increase of approximately 180,000 paying subscribers over June 30, 2007. This anticipated and significant growth in subscribers is attributable to New Motion’s ability to attract customers to its unique array of products, expand the sector’s demographic audience, and acquire new customers in the most cost-efficient manner.
Net sales for the nine months ended September 30, 2007 grew to $23.0 million, up 84% from $12.5 million in the year ago period. Net loss for the nine months ended September 30, 2007 was $3.2 million, or $0.29 per basic and diluted share, compared to net income of $1.1 million, or $0.15 per basic and $0.13 per diluted share in the prior year period. Included in the 2007 nine month net loss is approximately $1.8 million of non-cash depreciation, amortization and stock compensation expense.
Over the course of the year, New Motion has continued to build its technology and human resources infrastructure. Over the last year, the Company has almost tripled its number of staff, including a significantly expanded leadership team. Susan Swenson, former chief operating officer of T-Mobile and a highly respected industry leader, joined New Motion as chief operating officer in August, 2007. Jonathan Katz, formerly vice president, AzoogleAds, a leader in Internet performance-based marketing, joined New Motion in November, 2007 as executive vice president, global sales and distribution.
“We are building one of the most seasoned management teams and diversified mobile entertainment companies in the United States,” said Burton Katz, chief executive officer. “As we continue to hire top talent, expand our product offerings, grow both our paid and ad-supported subscriber base, and prepare for the completion of our merger with Traffix, Inc., we are well positioned for an exciting year of growth in 2008.”
Merger with Traffix, Inc.
During the third quarter, New Motion also announced that it entered into a merger agreement with Traffix, Inc. (NASDAQ:TRFX), a leading Internet marketing and interactive media company. The combined companies will have the resources to create a vertically integrated ‘Mobile Entertainment Network’ with diverse customer acquisition platforms, an extensive library of proprietary digital content, and a large, growing subscriber base. Under the terms of the all equity merger agreement, New Motion shareholders will own approximately 55% of the combined company on a fully diluted basis. New Motion currently projects that the transaction will close in the first quarter of 2008.
Outlook
New Motion expects to continue its current sales momentum growth, and to see continued improvement in profitability throughout the fourth quarter of 2007. The Company plans to accomplish these goals by leveraging its ability to sufficiently grow its subscriber base across its core product portfolios, continuing to invest in technology and human resources to support growth, and further expanding its mobile entertainment network. Looking towards its upcoming merger with Traffix in early 2008, New Motion anticipates entering a period of global expansion, continuing to build a global advertising network, and considering targeted acquisition opportunities.
Conference Call
New Motion chief executive officer Burton Katz will host a conference call on Thursday, November 15th, 2007 at 1:00 p.m. PST / 4:00 p.m. EST, at which time he will share more about the Company’s outlook for 2007 and 2008 and the pending merger with Traffix, Inc. He will also answer questions from call participants.
Please dial 1-800-857-7212 or if outside the U.S., 1-773-799-3910 with passcode 5613325 to access the conference call at least five minutes prior to the 1:00 p.m. PST start time. A full transcript and audio recording of the call will also be available at www.newmotioninc.com/ir/transcripts.asp by 9:00 a.m. PST November 19th. An audio replay will be available between 9:00 a.m. PST, November 19th, 2007, and 5:00 p.m. PST, November 23rd, 2007, by calling 1-866-442-2121 or 1-203-369-1084.
About New Motion, Inc.
New Motion, Inc. (OTCBB:NWMO) is a mobile entertainment and Internet media company providing a broad range of digital and mobile products. New Motion, Inc. combines and applies the power of the Internet, the latest in mobile technology, and traditional marketing/advertising methodologies to three strategic services - digital music, casual games and interactive contests. Brands include Bid4Prizes, a low-bid mobile auction game, GatorArcade, a premium online and mobile gaming site, YourCrush, an astrology-driven mobile dating help site and Altnet, a mobile legal music download service featuring original artists. Headed by a team of Internet, new media, entertainment and technology professionals, New Motion, Inc. was founded in 2005 and is headquartered in Irvine, California with technology assets in Seattle. New Motion, Inc. was recently called “a company to watch” by Wireless Business Forecast, and their mobile content capabilities were named a “rival to those of their mainstream-media counterparts,” by Wired Magazine. For more information, please visit www.newmotioninc.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts, are based on certain assumptions and reflect our current beliefs and expectations. These forward-looking statements are subject to risks and uncertainties, and other important factors that could cause actual results, performance or achievement to differ materially from any future results, performance or achievements discussed or implied by such forward-looking statements. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: consumer acceptance of and demand for New Motion’s products and services; general economic conditions; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which New Motion is engaged; the performance of financial markets and interest rates; factors related to the pending merger with Traffix, including without limitation, the risk that the proposed merger transaction with Traffix may not be completed in a timely manner, if at all, the failure of stockholders to approve the transaction, the failure to realize synergies and cost-savings from the transaction or delay in realization thereof, the risk that the businesses of New Motion and Traffix, Inc. may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected, risks associated with increased operating costs and business disruption following the merger, including our relationships with third parties, and the ability to obtain required approvals of the proposed merger transaction on a timely basis; as well as other relevant risks detailed in the filings of New Motion and Traffix with the Securities and Exchange Commission (SEC) and available at the SEC’s Internet site located at http://www.sec.gov/. The information set forth herein should be read in light of such risks. The information set forth herein speaks only as of the date hereof, and New Motion and Traffix disclaim any intention or obligation to update the information contained in this press release.
Important Additional Information and Where to Find It
This communication may be deemed to be solicitation material in respect of the proposed business combination involving New Motion, Inc. and Traffix, Inc. In connection with the proposed transaction, New Motion, Inc. has filed with the SEC a Registration Statement on Form S-4 containing a Joint Proxy Statement/Prospectus and each of New Motion and Traffix plan to file with the SEC other documents regarding the proposed transaction. The definitive Joint Proxy Statement/Prospectus will be mailed to stockholders of New Motion and Traffix. INVESTORS AND SECURITY HOLDERS OF NEW MOTION, INC. AND TRAFFIX, INC. ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
Investors and security holders will be able to obtain free copies of the Registration Statement and the Joint Proxy Statement/Prospectus (when available) and other documents filed with the SEC by New Motion and Traffix through the web site maintained by the SEC at http://www.sec.gov/. Free copies of the Registration Statement and the Joint Proxy Statement/Prospectus (when available) and other documents filed with the SEC can also be obtained by directing a request to Ray Musci, president, New Motion, Inc. at 949-777-3700 ext. 221, or by directing a request to Todd Fromer 212-682-6300 ext. 215 or Beth More 212-682-6300 ext. 224 of KCSA, investor relations representatives for Traffix, Inc.
New Motion, Traffix and their respective directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding the identity of the persons who may, under SEC rules, be deemed to be “participants” in the solicitation of proxies, and a description of their direct and indirect interests in the solicitation, by security holdings or otherwise, will be contained in the Joint Proxy Statement/Prospectus and other relevant materials to be filed with the SEC when they become available.
New Motion, Inc.
Selected Balance Sheet Data (Unaudited)
(in thousands)
September 30,
2007
Cash $ 12,991
Accounts receivable, net $ 6,268
Total current assets $ 22,211
Total assets $ 24,790
Accounts payable and accrued expenses $ 6,474
Total liabilities $ 7,462
Total stockholders’ equity $ 17,328
Total liabilities and stockholders’ equity $ 24,790
New Motion, Inc.
Selected Statement of Operations Data (unaudited)
(in thousands, except share and per share amounts)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2007
2006
2007
2006
NET SALES $ 10,495 $ 5,581 $ 23,031 $ 12,543
COST OF SALES 1,406 122 3,626 341
GROSS PROFIT 9,089 5,459 19,405 12,202
EXPENSES
Selling and marketing 7,878 4,076 15,325 6,899
General and administrative 3,331 1,253 8,429 3,034
11,209 5,329 23,754 9,993
INCOME (LOSS) FROM OPERATIONS (2,120 ) 130 (4,349 ) 2,269
OTHER EXPENSE (INCOME)
Interest income (123 ) 9 (362 ) -
Interest expense 2 3 20 14
Other expense - 185 21 214
(121 ) 197 (321 ) 228
INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES (1,999
)
(67
)
(4,028
)
2,041
PROVISION (BENEFIT) FOR INCOME TAXES (206 ) 370 (1,111 ) 967
INCOME (LOSS) BEFORE MINORITY INTEREST (1,793 ) (437 ) (2,917 ) 1,074
MINORITY INTEREST, NET OF INCOME TAX 156 - 291 -
NET INCOME (LOSS) (1,949 ) (437 ) (3,208 ) 1,074
NET INCOME (LOSS) PER SHARE:
Basic $ (0.16 ) $ (0.06 ) $ (0.29 ) $ 0.15
Diluted $ (0.16 ) $ (0.06 ) $ (0.29 ) $ 0.13
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic
12,000,167
7,263,688
11,108,117 7,263,688
Diluted
12,000,167
7,263,688
11,108,117 8,048,166
Contacts
For New Motion, Inc.
Nicola Piggott, 310-633-9478
Nicola.Piggott@HillandKnowlton.com
News Nov 14, 2007 19:02 ET
Cyclone Power Technologies Runs Its Clean Green Engine on "Fuel Cocktail"
POMPANO BEACH, FL--(Marketwire - November 14, 2007) - Cyclone Power Technologies, Inc. (PINKSHEETS: CYPW) announced today that it has tested and successfully run its Green Revolution Engine™ on a mixture of kerosene, gasoline, alcohol, bio-diesel and diesel.
The "fuel cocktail" generated sufficient thermal energy to power the Cyclone engine, registering average BTUs between that of alcohol on the lower end and diesel on the higher end. Additionally, despite the profound difference in chemical compositions, BTU levels and consistency of these five fuels, the test did not require any modifications to the Cyclone engine or its fuel injector.
"This has profound implications for American consumers," stated Harry Schoell, the company's CEO and engine inventor. "With a Cyclone engine, you may soon be able to fill your tank with any fuel or fuel mixture that is inexpensive or abundant at that moment. Choice, like it did in the telecom industry, could eventually give consumers some leverage over the oil monopolies."
CORPORATE PROFILE
Cyclone holds the U.S. patent, international patent applications, and exclusive commercial rights to the Green Revolution Engine™, an environmentally friendly and highly efficient external combustion, heat-regenerative engine. Developed by Cyclone's President and CEO, Harry Schoell, the Cyclone engine regenerates (or recycles) its heat, which allows it to run cleaner, cooler and more efficiently than traditional internal combustion engines. The Green Revolution Engine is capable of running on any liquid or gaseous fuel, including ethanol, bio-diesel and propane. The company also recently filed a patent application for its Waste Heat Engine, a low-pressure engine capable of running on heat emitted from external sources, including the waste exhaust of a power generator or renewable solar power. Both these engines are lubricated with de-ionized water instead of motor oil, and by eliminating many subsystems like oil pumps, radiators, catalytic converters and fuel injectors, the Cyclone engines are expected to cost less to manufacture, operate and maintain. The Green Revolution Engine in particular is highly scalable and sufficiently powerful for applications ranging from lawn equipment and small home generators, large stand-alone generators, to cars, trucks, buses, RVs, boats and ships, as well as earth moving equipment and locomotives.
Safe Harbor Statement
This release contains certain "forward-looking" statements, as well as historical information, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we can give no assurance that the expectations reflected in these forward-looking statements will prove to be correct. Forward-looking statements include those that use forward-looking terminology, such as the words "anticipate," "believe," "estimate," "expect," "intend," "may," "project," "plan," "will," "shall," "should," and similar expressions, including when used in the negative. Although we believe that the expectations reflected in these forward-looking statements are reasonable and achievable, these statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. Additionally, the company's actual or future results may differ materially from those anticipated depending on a variety of factors, including continued acquisition and maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products and continued product innovation, sales and earnings growth, and general economic conditions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements attributable to us are expressly qualified in their entirety by these and other factors. Cyclone Power Technologies does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results, reflect events or circumstances or to changes in its expectations, except as may be required by law.
Contact:
Ann Staples
Cyclone Power Technologies, Inc.
601 NE 26th Ct.
Pompano Beach, FL 33064
954-943-8721
rags from having spoken with gunther or just from the board?
New Motion to Announce Third Quarter 2007 Financial Results
IRVINE, Calif.--(BUSINESS WIRE)--
Mobile entertainment company New Motion Inc. (OTCBB:NWMO) will be issuing its earnings release for the third quarter of 2007 after the market close on Wednesday, November 14th and New Motion chief executive officer Burton Katz will host a conference call on Thursday, November 15th, 2007 at 1:00 p.m. PST / 4:00 p.m. EST.
Please dial 1-800-857-7212 or if outside the U.S., 1-773-799-3910 with passcode 5613325 to access the conference call at least five minutes prior to the 1:00 p.m. PST start time. A full transcript and audio recording of the call will also be available at www.newmotioninc.com/ir/transcripts.asp by 9:00 a.m. PST November 19th. An audio replay will be available between 9:00 a.m. PST, November 19th, 2007, and 5:00 p.m. PST, November 23rd, 2007, by calling 1-866-442-2121 or 1-203-369-1084.
About New Motion, Inc.
New Motion, Inc. (OTCBB:NWMO) is a mobile entertainment and Internet media company providing a broad range of digital and mobile products. New Motion, Inc. combines and applies the power of the Internet, the latest in mobile technology, and traditional marketing/advertising methodologies to three strategic services - digital music, casual games and interactive contests. Brands include Bid4Prizes, a low-bid mobile auction game, GatorArcade, a premium online and mobile gaming site, YourCrush, an astrology-driven mobile dating help site and Altnet, a mobile legal music download service featuring original artists. Headed by a team of Internet, new media, entertainment and technology professionals, New Motion, Inc. was founded in 2005 and is headquartered in Irvine, California with technology assets in Seattle. New Motion, Inc. was recently called "a company to watch" by Wireless Business Forecast, and their mobile content capabilities were named a "rival to those of their mainstream-media counterparts," by Wired Magazine. For more information, please visit www.newmotioninc.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, about New Motion. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of New Motion's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: consumer acceptance of and demand for New Motion's products and services; general economic conditions; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which New Motion is engaged; as well as other relevant risks detailed in New Motion's filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. New Motion assumes no obligation to update the information contained in this press release.
Contacts
For New Motion, Inc.
Nicola Piggott, 310-633-9478
Nicola.Piggott@hillandknowlton.com
Phoenix Associates Terminates the Voting Preferred Stock Participation Program
Effective November 15, 2007 at 5:00 PM-CST, the Company Is Terminating Its Earlier Offer to Convert Common Stock Into Voting Preferred Stock
MADISONVILLE, LA--(Marketwire - November 14, 2007) - Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) announced that effective November 15, 2007 at 5:00 PM-Central Standard Time, the Company is terminating the "Voting Preferred Stock Participation Program" that was originally announced on February 15, 2007.
The Company indicated that any shares that might be received by the Company following the termination of the program will be returned to the sender on a timely basis.
About Phoenix Associates
Phoenix Associates Land Syndicate is a holding company with assets in aviation, sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries.
Forward-Looking Statements
This press release contains statements that are "forward looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
For More Information Contact:
Mike Mulshine
Osprey Partners
(732) 292-0982
osprey57@optonline.net
... magically they turned 10k into 1k. shakes head... boy was i a fool..
Penny. haven't looked into the history much. though they seem to be making all the right steps, if they decrease the OS now this is def going to get some wings.
no clue about ACAP .. hrm.
crazy. simply crazy. though the last run it had was pretty decent
UHCR .095 x .12 .12printing up 71%
UHCR .08 x .1 up 35% 1x3
damn. no i hadn't looked was still peering through news. playing this morning? i think i will and bite off a bit of UHCR on that AS reduction they've confirmed. MKGP looks quite good imho.
HOFC .05 X .1 2X2 LAST .07 hrm.
yes was bout to post. very nice. verry. nice.
MKGP news .02x.05 Maverick Energy Group Announces Funding Increase to $75 Million
Market Wire "US Press Releases "
TULSA, OK -- (MARKET WIRE) -- 11/14/07 --
Maverick Energy Group , LTD (PINKSHEETS: MKGP) (Maverick), a member of Z2, LLC , is pleased to announce the completion of its first 22-well workover program for Z2, LLC (Z2). The 22 workovers, as well as the drilling of 6 PUDs, were part of the initial operations planned by Z2 with funding from the $40,000,000 Advancing Credit Facility which Z2 closed with Gasrock Capital, LLC (Gasrock) the latter part of August, 2006. Once the initial phase was completed the second phase of the drilling of PUDs and deepening of wells was commenced. This has included the completion of an additional 5 PUDs and 19 deepenings through the end of October. As a result of Z2's success, which more than doubled the oil and gas production of the Big Foot Field, Gasrock has increased its facility size to $75,000,000 .
"Maverick has expanded its drilling program with Z2's Gasrock funding, enabling our operations to continue to drill new wells and deepen existing wells. In the past 12 months, Maverick has increased oil sales from approximately 7,000 barrels of oil per month to over 16,000 barrels per month. Also during this time, Maverick built a gas pipeline, gathering systems and gas plant, and generated gas sales of over 350 mcfd. We expect to increase our oil and gas production in the Big Foot Field by another 20% before the end of 2007," says Jim McCabe, CEO of Maverick Energy Group , LTD.
"We are planning other projects in this field that, once implemented, we expect to add to our production, further increasing our revenues and bottom line," continues McCabe.
About Maverick Energy Group , LTD
Maverick Energy Group LTD, based in Tulsa, OK , is engaged in the domestic exploration and production of crude oil and natural gas. Its management team has over 150 combined years of experience in the oil & gas and financial services industries. Maverick Energy is the Operator of the "Big Foot Field" in Texas , which was originally developed by Royal Dutch Shell (RDS-A). The Big Foot Field has approximately 310 production wells in the field, of which approximately 225 are presently revenue producing. Drilling operations in the Big Foot Field are being funded through a $40,000,000 Advancing Credit Facility which Z2, LLC closed with Gasrock Capital, LLC in August of 2006, amended to $75,000,000 in November of 2007. Maverick is also the part owner of several producing natural gas wells in West Virginia and owns additional natural gas leases in West Virginia . The President of Maverick also serves as Chief Financial Officer of Z2, LLC . For more information on Maverick Energy, please visit the company's website at: www.maverickenergygroup.com or www.pinksheets.com.
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the oil & gas market; including the geopolitical environment not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Tony Drake
Phoenix IR Associates
281-579-1602
phoenix-ir@earthlink.net
scratches head.. ya i breezed by it this morning. damn that PR writer.. lol
I woulda bought
DealerAdvance(TM) Announces Sales Success of WebDA(TM) and predicted sales of 1.7million for 2007
=)
eh whats that?
sweet pick dream. =)
RSS anybody use this board with a RSS reader? just added it to outlook 07 today.
good. maybe the people realize they spent too much to piss it away.
I know i most certainly did. I think some of my purchases were at 4.00 PPS. =/
not sitting pretty though. 2.00 PPS. has there been many bidwacks?
I'll be damned yeap they're in my TDW.ca I'm a canuck. =P thanks!
I've got Penson and they're usually pretty quick.. hrm. wait i bought with TDW too. let me check.
it'll get bought out first. not likely it'll get that far.. worst case is a horrible place though..
you and a zillion other clients giff... now would be a good time to short etrd.
no. did any of you guys?
E-TRADE possibly Bankruptcy. just a heads up guys.
http://www.chron.com/disp/story.mpl/ap/fn/5294267.html
NEW YORK — Shares of E-Trade Financial Corp. plunged in early morning trading Monday as investors worried over a Friday announcement the company would take larger-than-expected writedowns on its holdings of securities backed by home loans.
Shares of E-Trade fell 4.33, or 50 percent, to $4.26 in morning trading. Shares had traded between $8.02 and $26.08 during the past year.
Citi Investment Research analyst Prashant Bhatia cut E-Trade's rating to "Sell" from "Hold." Bhatia said there is a 15 percent chance E-Trade will have to declare bankruptcy and the company may be forced to sell loans and securities at a significant discount.
Bhatia said clients could also close deposit accounts, reducing the company's funding. Half of deposit accounts, representing about $15 billion, are higher than the Federal Deposit Insurance Corp.'s $100,000 threshold. Those are the most likely accounts to be closed if customers are worried about the company's future, Bhatia said.
E-Trade holds about $3 billion in asset-backed securities in a portfolio. Much of the portfolio is invested in securities backed by mortgages, which have increasingly gone into default in recent months, reducing the value of the securities. E-Trade did not disclose how big a writedown it would take in the fourth quarter.
E-TRADE possibly Bankruptcy. just a heads up guys.
http://www.chron.com/disp/story.mpl/ap/fn/5294267.html
NEW YORK — Shares of E-Trade Financial Corp. plunged in early morning trading Monday as investors worried over a Friday announcement the company would take larger-than-expected writedowns on its holdings of securities backed by home loans.
Shares of E-Trade fell 4.33, or 50 percent, to $4.26 in morning trading. Shares had traded between $8.02 and $26.08 during the past year.
Citi Investment Research analyst Prashant Bhatia cut E-Trade's rating to "Sell" from "Hold." Bhatia said there is a 15 percent chance E-Trade will have to declare bankruptcy and the company may be forced to sell loans and securities at a significant discount.
Bhatia said clients could also close deposit accounts, reducing the company's funding. Half of deposit accounts, representing about $15 billion, are higher than the Federal Deposit Insurance Corp.'s $100,000 threshold. Those are the most likely accounts to be closed if customers are worried about the company's future, Bhatia said.
E-Trade holds about $3 billion in asset-backed securities in a portfolio. Much of the portfolio is invested in securities backed by mortgages, which have increasingly gone into default in recent months, reducing the value of the securities. E-Trade did not disclose how big a writedown it would take in the fourth quarter.
E-TRADE possibly Bankruptcy. just a heads up guys.
http://www.chron.com/disp/story.mpl/ap/fn/5294267.html
NEW YORK — Shares of E-Trade Financial Corp. plunged in early morning trading Monday as investors worried over a Friday announcement the company would take larger-than-expected writedowns on its holdings of securities backed by home loans.
Shares of E-Trade fell 4.33, or 50 percent, to $4.26 in morning trading. Shares had traded between $8.02 and $26.08 during the past year.
Citi Investment Research analyst Prashant Bhatia cut E-Trade's rating to "Sell" from "Hold." Bhatia said there is a 15 percent chance E-Trade will have to declare bankruptcy and the company may be forced to sell loans and securities at a significant discount.
Bhatia said clients could also close deposit accounts, reducing the company's funding. Half of deposit accounts, representing about $15 billion, are higher than the Federal Deposit Insurance Corp.'s $100,000 threshold. Those are the most likely accounts to be closed if customers are worried about the company's future, Bhatia said.
E-Trade holds about $3 billion in asset-backed securities in a portfolio. Much of the portfolio is invested in securities backed by mortgages, which have increasingly gone into default in recent months, reducing the value of the securities. E-Trade did not disclose how big a writedown it would take in the fourth quarter.
E-TRADE possibly Bankruptcy. just a heads up guys.
http://www.chron.com/disp/story.mpl/ap/fn/5294267.html
NEW YORK — Shares of E-Trade Financial Corp. plunged in early morning trading Monday as investors worried over a Friday announcement the company would take larger-than-expected writedowns on its holdings of securities backed by home loans.
Shares of E-Trade fell 4.33, or 50 percent, to $4.26 in morning trading. Shares had traded between $8.02 and $26.08 during the past year.
Citi Investment Research analyst Prashant Bhatia cut E-Trade's rating to "Sell" from "Hold." Bhatia said there is a 15 percent chance E-Trade will have to declare bankruptcy and the company may be forced to sell loans and securities at a significant discount.
Bhatia said clients could also close deposit accounts, reducing the company's funding. Half of deposit accounts, representing about $15 billion, are higher than the Federal Deposit Insurance Corp.'s $100,000 threshold. Those are the most likely accounts to be closed if customers are worried about the company's future, Bhatia said.
E-Trade holds about $3 billion in asset-backed securities in a portfolio. Much of the portfolio is invested in securities backed by mortgages, which have increasingly gone into default in recent months, reducing the value of the securities. E-Trade did not disclose how big a writedown it would take in the fourth quarter.
CSGJ any word guys? thoughts?
QMMC .0032 x .0033 2x2 up 17% 3.5mill volume.
ahaha. you're both 30. half dead! i've got 3more years lol. .. wait what am i laughing at. there's no more uphill.. it's all downhill lol.
QMMC L2 below. dunno what to think.
won't fill even though bid is at ask ... lotsa people out to play just below bid @ .003 ? thoughts?
happy belated mate! =)
QMMC .0031x.0031 bids stacking will barely fill. 1.2mill in volume already.