I see you still don't understand "net" assets and how AMEP doesn't report much revenues in their filings.....but, this is a great place for you to learn!!!!!

emilson...that "Basher confession" was done as a joke about 3-4 years ago or more....do some more DD on it. I can't believe people are still falling for it and keep reposting it.

lowman...cut the "basher" BS...this stock was recommended to me via a private message from a poster that has had some good picks. I have some questions about the company that you consider to be negative and refuse to allow discussion of anything that is against your agenda. I always check out message boards along with other DD to try to pick up info I may have missed or to get a "feel" for the type of investors that are buying. By keeping this a one-sided board, I would guess you are alienating some potential investors that could interpret the board as a pump only board for the company. I have no "agenda" to "sucker" anyone out of anything, but right now this board has no use to serious investors and is just a group-hug for the fanatics...

Cutting Corners...I hope the AMEP investee does hit a commercial well...my interest is seeing how/if the revenue shows up on AMEP's revenue as a BDC.

I don't trust insider-type info on a message board...either the poster made it up or the company is very unprofessional in giving out info to individuals....neither makes the company look good.

Sorry, Charlie,...thought some would be interested in some HQ news.....

OT: Hydro Quebec news...Valence gets sued, wins patent
Monday February 27, 4:35 pm ET


Canadian government-owned energy company Hydro-Quebec sued Austin high tech battery-maker Valence Technology Inc. in federal court in Austin Feb. 14.
In its complaint, Hydro-Quebec alleges Valence's Saphion technology -- the core technology used in all of Valence's commercial products -- infringes Hydro-Quebec's U.S. patent number 5,910,382.

Hydro-Quebec's complaint seeks injunctive relief and money damages from Valence.

Valence has not yet filed its answer to the complaint, but says it believes the action by Hydro-Quebec is without merit and intends to vigorously defend the lawsuit and pursue all of its available legal remedies.

Independently, Valence (Nasdaq: VLNC - News) announced Feb. 21 that the U.S. Patent and Trademark Office awarded it with another patent, called "Lithium-based Active Materials and Preparation Thereof," that relates to the company's Saphion I technology.

"Our battery systems based on Saphion I technology have been commercially available for more than three years and are steadily gaining traction in a number of markets, including motive, healthcare, education and defense," says Valence president and CEO James Akridge. "Receiving this patent...is recognition of the novelty and innovation of our Saphion I technology."

Published February 27, 2006 by the Austin Business Journal

Is this board open for discussions yet, or are posts with questions, facts still being deleted??????

Greeneye....Well, I won the bet, BUT...AMEP was still up 18% during the bet period.....soooooo I won the bet, but you are holding the cash!!!! LOL!!!

We need a revenue bet!!!!!!!

"Sir Jagman ( I call you Sir because you have more balz than the other bashers, even though you have been extremely wrong about AMEP's SP since AMEP it was .01, and that is a hell of a multi-bagger you missed since last Aug when AMEP traded in the .01x range! ... don't you like making money??) I will be in Texas on Feb 28th when our little wager is due, I will not be posting until I return home. I will settle up with you when I do return, .....one way or another. I think the 40 percent gain in only 2 months wager, now rest (with/without) a TD announcement before the 28th, ...I like my chances.
GL to me and AMEP ;>)
... %^ greeneyedhawk"

VSNT...I mentioned as a possible turnaround play...earnings out today after close...low OS and float...

Versant Announces Record Quarterly Net Income of $776,000
Wednesday March 1, 4:10 pm ET
Earnings per Share of $0.22


FREMONT, Calif., March 1 /PRNewswire-FirstCall/ -- Versant Corporation (Nasdaq: VSNT - News), an industry leader in specialized data management, today announced its operating results for the first fiscal quarter ended January 31, 2006.


Versant reported revenues of $4.6 million from continuing operations and net income of $776,000 for the first quarter ended January 31, 2006, which resulted in earnings of $0.22 per share for the quarter. The quarter's net income represents the Company's highest quarterly net income since its initial public offering in July of 1996.

"The results of operations in the first quarter of 2006 clearly exceeded our expectations," said Jochen Witte, CEO of Versant Corporation. "We are optimistic that we can meet or exceed our net income target for fiscal 2006, which was estimated at between $1.6 million to $2.0 million in our Q4 earnings release inclusive of any WebSphere related income. Increased license revenues and reduced expenses (due to our 2005 restructuring plan) compared to our preceding fiscal quarter contributed to our record level of profitability."

On February 1, 2006, Versant completed the sale of the assets associated with its WebSphere consulting practice, which provided consulting and training services to end-users of IBM's WebSphere® application server software. As announced in its February 7, 2006 press release, the WebSphere assets were sold for an up-front cash payment of $500,000 plus potential earn-out payments over the next eight quarters.

Because the WebSphere transaction met the criteria of a long-lived asset (disposal group) held for sale at the end of the first quarter ended January 31, 2006, in accordance with generally accepted accounting principles, Versant has, in the attached financial statements, reflected the results of operations of the WebSphere consulting practice for the quarters ended January 31, 2006, October 31, 2005 and January 31, 2005, as discontinued operations. Therefore, reported revenues for these quarters no longer include revenue from the WebSphere consulting practice. The results from the discontinued WebSphere operations, however, are reported as gain or loss from discontinued operations, net of income taxes. The WebSphere sale transaction itself will be reflected in the quarter ending April 30, 2006, and potential earn-out payments will be recognized if and when achieved during the remainder of fiscal 2006 and beyond.

The decrease in license revenues from $3.5 million for the first quarter ended January 31, 2005 to $2.5 million for the quarter ended January 31, 2006 was largely due to a single transaction that contributed approximately $1.7 million of revenue during the quarter ended January 31, 2005 and that was only partially offset by other transactions in the quarter ended January 31, 2006.

About Versant Corporation

Versant Corporation is an industry leader in specialized data management software. Using Versant's solutions, customers cut hardware costs, speed and simplify development, significantly reduce administration costs, and deliver products with a strong competitive edge. Versant's solutions are deployed in a wide array of industries including telecommunications, financial services, transportation, manufacturing, and defense. With over 50,000 installations, Versant has been a highly reliable partner for over 15 years for Global 2000 companies such as Ericsson, Verizon, Sagem, US Government, and Financial Times. For more information, call 510-789-1500 or visit www.versant.com.

Forward Looking Statements Involve Risks and Uncertainties

This press release contains 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, and is subject to the safe harbor created by those sections. These forward-looking statements include the statements regarding our current targets for net income in fiscal 2006, our expectations regarding our achieving or exceeding these net income targets and our expectations of the receipt of contingent earn-out payments from the sale of the WebSphere consulting practice assets. Investors are cautioned that any such forward- looking statements are not guarantees of future performance and involve significant risks and uncertainties. There are many important factors that could cause our actual results to differ materially from those anticipated in the forward-looking statements. These risks and uncertainties include, without limitation; the inability to achieve revenue expectations or net income as a result of delays in the sales cycle for our products and services, changing market demands or perceptions of our products and technologies, the performance of our resellers and the impact of our recent restructuring on our organization; the possibility that existing value added resellers may not remain committed to our software or that their sales activity may not keep pace with their historical results; that future sales levels will not meet expectations or may be delayed; adverse impacts on the prices we charge for our products and services due to competitive conditions; the impact of potentially reduced cash flows as a result of the sale of our WebSphere consulting practice; the impact of potential sales losses to customers not within our core database management business; the uncertainty as to the impact and duration of the current market reductions in corporate IT spending; the possibility that additional restructuring actions or similar events may be required, resulting in charges that would adversely affect net income or increase net loss; and the company's ability to successfully manage its costs and operations and maintain adequate working capital. The forward-looking statements contained in this press release are made only as of the date of this press release, and the Company assumes no obligation to publicly update any forward-looking statement. Investors are cautioned not to place undue reliance on forward-looking statements. Additional information concerning factors that could cause results to differ can be found in the Company's filings with the Securities and Exchange Commission, including without limitation the Company's most recent Annual Report on Form 10-KSB for the year ending October 31, 2005 and its Quarterly Reports on Form 10-QSB for the quarters ending January 31, April 30 and July 31, 2005 and its reports on Form 8-K.

Versant is a registered trademark or trademark of Versant Corporation in the United States and/or other countries. All other products are a registered trademark or trademark of their respective company in the United States and/or other countries.

Conference Call Information

Versant will host a teleconference today to discuss the above after markets close. The details for the call are as follows:



Date: Wednesday, March 1, 2006
Time: 1:30 PM Pacific (4:30 PM Eastern)
Dial-in number: 1-877-692-2590
International: 1-973-935-8508
Internet Simulcast: * http://viavid.net/dce.aspx?sid=00002DE4
*Windows Media Player needed for simulcast. Simulcast
is voice only.

Dial in 5-10 minutes prior to the start time. An operator will request your name and organization and ask you to wait until the call begins. If you have any difficulty connecting, please call the Liolios Group at (949) 574-3860.


A replay of the conference call will be available until March 08, 2006**
Replay number: 1-877-519-4471
International Replay number: 1-973-341-3080
Replay Pass Code: 7076009
** Enter the playback pass code to access the replay


VERSANT CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except for per share amounts)
(unaudited)

Three Months Ended
------------------
January 31, October 31, January 31,
----------- ---------- -----------
2006 2005 2005
---- ---- ----

Revenues:
License $ 2,513 $ 2,056 $ 3,491
Maintenance 1,633 1,660 1,592
Professional services 479 86 198
----------- ---------- -----------
Total revenues 4,625 3,802 5,281

Cost of revenues:
License 105 111 56
Amortization of intangible assets 79 79 195
Maintenance 383 353 418
Professional services 333 118 279
----------- ---------- -----------
Total cost of revenues 900 661 948

Gross profit 3,725 3,141 4,333
----------- ---------- -----------

Operating expenses:
Sales and marketing 946 990 1,726
Research and development 869 873 1,079
General and administrative 1,053 1,109 1,312
Restructuring 134 138 --
----------- ---------- -----------
Total operating expenses 3,002 3,110 4,117

Income from operations 723 31 216
Variable interest, net 137 320 --
Other income, net 12 35 81
----------- ---------- -----------
Income from continuing
operations before taxes 872 386 297
Net provision (benefit) for
income taxes 83 (31) 45
----------- ---------- -----------
Net income from continuing
operations attributable to
common shareholders $ 789 $ 417 $ 252
Gain (loss) from discontinued
operations, net of income taxes (13) 95 93
----------- ---------- -----------
Net income $ 776 $ 512 $ 345
----------- ---------- -----------

Net income per share:
Basic $ 0.22 $ 0.14 $ 0.10
Diluted $ 0.22 $ 0.14 $ 0.10
Shares used in per share
calculation:
Basic 3,559 3,554 3,477
Diluted 3,569 3,555 3,520

Non-cash stock-based compensation
included in the above expenses:
Cost of revenues $ 11 $ 6 $ 2
Sales and marketing 8 2 3
Research and development 17 10 4
General and administrative 21 3 17
----------- ---------- -----------
Total $ 57 $ 21 $ 26
----------- ---------- -----------


VERSANT CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

January 31, October 31,
2006 2005
----------- -----------
(unaudited)

ASSETS
Current assets:
Cash and cash equivalents $ 3,916 $ 3,958
Trade accounts receivable, net 3,704 2,529
Other current assets 691 744
----------- -----------
Total current assets 8,311 7,231

Property and equipment, net 450 489
Goodwill 6,720 6,720
Intangible assets, net 1,432 1,512
Other assets 255 294
----------- -----------
Total assets $ 17,168 $ 16,246
----------- -----------

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
Accounts payable $ 879 $ 779
Accrued liabilities 2,270 2,667
Deferred revenue 3,539 2,779
Deferred rent 139 136
----------- -----------
Total current liabilities 6,827 6,361

Long term restructuring accrual 280 448
Deferred revenue 160 184
Deferred rent 94 128
Variable interest liability -- 137
----------- -----------
Total liabilities 7,361 7,258
----------- -----------

Stockholders' equity:
Common stock, no par value 94,731 94,755
Deferred stock-based compensation -- (44)
Other comprehensive income, net 419 396
Accumulated deficit (85,343) (86,119)
----------- -----------
Total stockholders' equity 9,807 8,988
----------- -----------
Total liabilities and stockholders' equity $ 17,168 $ 16,246
----------- -----------





--------------------------------------------------------------------------------
Source: Versant Corporation

I only have one alias on IHub, how many do you have?? I thought you were only allowed one alias.... If you think I have more, why don't you tell Matt rather than making stories up about posters?????? That's not very manly...

So....looks like AMEP could go up, down, or stay even tomorrow....if no news... Should be on the fifth well by now.....1 1 1/2 to 2 weeks per well according to those posters in the know with oil biz experience....

Maybe the Doc has a short memory....

solidgold...you are not allowed to encourage me on this board!!!!!! And do not use "Reply", since I get paid for replies!!! Although I never got a check yet......I don't know if I'm supposed to be paid weekly, monthly, quarterly, or yearly...........oh, well....

So what??? What do two trades have to do with the overall scheme of things??? If the company is sucessful the stock will go up, while waiting on news, the stock will drift down.....subject to dilution and possible manipulation. This isn't like a company with an ongoing business and a history of quarterly filings, improving fundamentals, and a transparent share count.

Chart doesn't look good...lack of faith in management and/or dilution...

Waitedg...got your PM, sorry I can't reply by PM.. That company you were talking about...take a look at SMSI history, revs, earnings, pps....about the same OS as the stock you were talking about... Keep in mind, backlog only $$$ is very conservative and new biz will also be developing, IMO...plus maybe an uplist? Or merger/acquistion?????

Income statement:
http://finance.yahoo.com/q/is?s=SMSI&annual

Key stats:
http://finance.yahoo.com/q/ks?s=SMSI

Chart:
http://finance.yahoo.com/q/bc?s=SMSI

LOL!!!! Good one!!!!!

Follow the money????

Jump in the toilet????

Huggums...took a quick look at GMEI.OB...like you said, low daily volume. They are still handing out shares to management so I don't know what their final OS, dilution, float will be... Yahoo has them at 4 million OS, but the filings show some Form 4's at 7.5 million.... Biz is interesting, but will the IGT's of the world be competitors??

RFID and forklifts of the future.....

Cisco and RedPrairie Join Intermec RFID Forklift of the Future Initiative to Enhance Warehouse Worker Productivity and Efficiency
Tuesday February 28, 6:00 am ET

EVERETT, Wash.--(BUSINESS WIRE)--Feb. 28, 2006--Imagine a mobile RFID system capable of providing powerful real-time location information and RFID tracking capabilities throughout the real-world environment of a warehouse. That's the vision of Cisco Systems and RedPrairie, who have joined Intermec Inc. and Cascade Corp., the world's largest manufacturer of forklift attachments, to create a concept for a forklift that will build RFID and real-time location capabilities right into the equipment of the future.

A concept forklift incorporating these ideas is on display this week at RFID World in Dallas, Texas. The forklift features Cisco's Wireless Location Appliance and RedPrairie's open Mobile Resource Management software integrated with the forklift RFID reading system developed by Intermec and Cascade. With the complete system, drivers can conveniently read and encode RFID tags without leaving the vehicle, and managers can get real-time data on vehicle locations and activity that can be used to manage labor and assets more efficiently.

As one of the advanced services elements of the Cisco Unified Wireless Network, the Cisco Wireless Location Appliance provides location tracking for devices on a Cisco 802.11 wireless network. With the RedPrairie software, it can be used to provide the X, Y coordinates of an RFID-enabled forklift, report movements, monitor dwell time and collect other data useful for security, employee performance auditing, maintenance and asset management applications.

RedPrarie's Mobile Resource Management software complements the Wireless Location Appliance by providing advanced data processing and interface capabilities. It can be used with legacy software systems, including leading warehouse management, yard management, labor planning and asset management applications. The software provides new layers of information about picking and put away processes, workforce performance management and asset utilization that can be used to optimize processes and facilities.

The complete system provides the ruggedness, reliability and reading performance that forklift drivers need to use RFID conveniently, and gives management the ability to deploy resources efficiently. Each part of the system was developed and integrated specifically to meet the physical and wireless challenges found in industrial environments.

Forklifts envisioned by the group incorporate powerful dashboard computers positioned for maximum safety and efficiency, easy-to-reach RFID controls assimilated into the lift's control mechanisms, wireless real-time location tracking and navigational LEDs for optimal routing, and easy-to-adjust RFID readers designed into the frame of forklift attachments for flexible and accurate use with a wide range of goods and supplies. The concept system, designed specifically for the rugged environment of daily warehouse use, also engineers in a sophisticated cable management system, state-of-the-art wireless scanning capabilities and a built-in camera for cargo documentation.

About Intermec

Intermec Inc. (NYSE:IN - News) develops, manufactures and integrates technologies that identify, track and manage supply chain assets. Core technologies include RFID, mobile computing and data collection systems, bar code printers and label media. The company's products and services are used by customers in many industries worldwide to improve the productivity, quality and responsiveness of business operations. For more information about Intermec, visit www.intermec.com or call 800-347-2636. Contact Intermec Investor Relations Director Kevin McCarty at kevin.mccarty@intermec.com, 425-265-2472.

About RedPrairie

For more than 30 years RedPrairie has enabled leading global companies to create competitive advantage through supply chain excellence. RedPrairie's comprehensive technology solutions provide rapid and sustainable return on investment by optimizing the performance of people, places and processes. RedPrairie's industry differentiator is its Extended Supply Chain Execution (eSCE(TM)) suite, which uniquely provides end-to-end resource optimization, from the start of the manufacturing process through the entire distribution chain, including the presentation to the consumer. For additional information, call 877-733-7724 or access www.RedPrairie.com.

About Cascade

Cascade Corporation (NYSE:CAE - News) is the global leader in the design, manufacture, and marketing of materials handling equipment and related technologies. Cascade's advanced damage reduction technology, short lead times, flexible manufacturing, and quality products, strengthens its position as the premier supplier to the material handling industry. For more information, visit www.cascorp.com.



Contact:
Intermec Inc., Everett
Kathie Jackson Anderson, 425-348-2799
kathie.anderson@intermec.com
Adam Dorris, 425-365-1834
adam.dorris@intermec.com

--------------------------------------------------------------------------------

Doubloon...that "search" feature is NICE!!! Was pretty sure I was the original "picker"....but I hate to steal someone's else's "glory"!!!! LOL!!! Checked back on my buy notes....
BITS was gleaned from a "Popular Stories" at Yahoo...I try to check through those daily for potential buys.....

GG..one fund manager's comments:

Instead of owning gold outright, however, Jordan has invested in Goldcorp Inc.

4:01pm 02/27/2006

GG 25.21, -0.51, -2.0%) , which mines the metal primarily in the U.S. and Canada.
Goldcorp's shares are volatile, like the gold sector overall, Jordan said, but the Canadian-based company's low-cost operation, coupled with ancillary interests in silver, copper and zinc production, provides some cushion. Plus, Jordan added, with a market value of $8.6 billion, Goldcorp is "the right size to get bought" by a larger rival.
Shares of Goldcorp ended Monday's session down 51 cents to $25.21.
"The risk could be back to $21 or $22 a share in a bad gold market," Jordan said. "But what's the upside? $45? $60?"
Jonathan Burton is MarketWatch's investments editor, based in San Francisco.

Rest of Jordon's comments on stocks:

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B7C156687%2DA46A%2D4B8C%2DB09B%2D95ACB80ECC7...

Doubloon...may be some "shares for services" out there from going public or just some traders... I can't believe they will be an issue for long. I will add as funds available...

Waitedg...SMSI...I bought in Jan, Feb, and Nov 2005!!! I'm already loaded up!!! "Stuffit" product will be the next biggy for them.... Was a Motley Fool screener pick....

http://www.quicken.com/investments/strategyexperts/?strongpicks=fool

BITS?? Whose pick??? Bitstream Inc. Reports Fourth Quarter and Annual Financial Results for 2005
Monday February 27, 4:00 pm ET
As a result of an increase in quarterly revenue for the quarter ended December 31, 2005 of $1,295,000 or 39% to $4,618,000, we attained our highest quarterly revenue level since going public in 1996, contributing to our attainment of a $788,000 net income or $0.08 diluted net income per share for the fourth quarter and a $1,034,000 net income or $0.11 diluted net income per share for the year.


CAMBRIDGE, Mass.--(BUSINESS WIRE)--Feb. 27, 2006--Bitstream Inc. (Nasdaq: BITS - News) today reported that its total revenue increased $1,295,000 or 39% to $4,618,000 for the three months ended December 31, 2005 as compared to $3,323,000 for the three months ended December 31, 2004. Total revenue for the twelve months ended December 31, 2005 increased $4,021,000 or 34.6% to $15,653,000 as compared to $11,632,000 for the twelve months ended December 31, 2004. We generated a profit from operations of $799,000 for the three months ended December 31, 2005, an increase of $777,000 as compared to $22,000 for the three months ended December 31, 2004. Our operating income for the year ended December 31, 2005 was $1,038,000 an improvement of $1,773,000 as compared to a loss of $(735,000) for the year ended December 31, 2004. Our net income for the three months ended December 31, 2005 increased $748,000 to $788,000 or $0.08 per diluted share as compared to $40,000 for the three months ended December 31, 2004. Our net income for the year ended December 31, 2005 improved $1,649,000 to $1,034,000 or $0.11 per diluted share as compared to a loss of $(615,000) for the year ended December 31, 2004. The Company's cash and cash equivalents at December 31, 2005 totaled $5,464,000, an increase of $665,000 from $4,799,000 at September 30, 2005 and an increase of $1,059,000 from $4,405,000 at December 31, 2004.
ADVERTISEMENT


"Strong sales during the fourth quarter across all of our product lines allowed us to achieve our highest quarterly and annual sales, and highest overall revenue growth rates since we went public in 1996. All of our products demonstrated enhanced market penetration in markets that we expect to continue to develop and grow in the year ahead. Our revenue for the year and the quarter allowed us to exceed our prediction of breakeven performance in 2005 and to achieve a very profitable year as evidenced by our net profit for the quarter and year ended December 31, 2005 of $788,000 and $1,034,000." said Anna M. Chagnon, President and Chief Executive Officer. "We believe that we are well positioned to extend this momentum in 2006 by focusing on increasing revenue across all of our product lines and managing costs to enhance our profitability in the year ahead."

FOURTH QUARTER 2005 HIGHLIGHTS AND OTHER RECENT DEVELOPMENTS

November 3, 2005 -- Bitstream announced the release of Font Fusion® 3.1, company's smallest, most advanced font rasterizing engine and the fastest font engine on the market today.

December 5, 2005 -- A research study released by The Center for Women's Leadership at Babson College and The Commonwealth Institute named Bitstream as one of the Top 100 Women Led Businesses in Massachusetts.

December 7, 2005 -- Bitstream announced the release of Pageflex Persona Cross Media Suite, a completely new desktop software application suite that enables customers to create targeted, personalized content in both print and email.

December 14, 2005 -- Bitstream announced the release of ThunderHawk Symbian Series60 (S60) Edition. The new version gives users of select Symbian platform devices access to award-winning ThunderHawk technology, including the browser's unique split screen view for effortless navigation on small screen phones.

January 11, 2006 -- Bitstream announced the December release Pageflex Storefront 3.0. This is a major new software release that includes several new features that enable users to expand their e-commerce capabilities to include online ordering and campaign management services.

February 1, 2006 -- Bitstream and Canon U.S.A., Inc. announced that Pageflex Persona(TM) Cross Media Suite has been designated by Canon U.S.A. as "Canon Compatible" under the Canon U.S.A. Alliance program after successful completion of testing by VeriTest, a service of Lionbridge and a leading provider of independent outsourced testing services.

February 6, 2006 -- Bitstream announced the addition of The New Lincoln Gothic font set to its New Font Collection program. This set includes 24 OpenType fonts in one extended family.

February 13, 2006 -- Bitstream announced the release of ThunderHawk Windows Mobile 5.0 Pocket PC Edition, which offers users a fast, secure desktop browsing experience along with new Windows Mobile 5.0 technology.

CONFERENCE CALL REMINDER

Today, February 27, 2006, at 4:30 p.m. EST, Bitstream will host a conference call with the financial community to discuss its fourth quarter and annual results for the periods ended December 31, 2005:

International Dial-in number: 703-639-1212
Domestic Dial-in number: 866-256-3815
Call into the conference number 5-10 minutes prior to the start time. An operator will check your name and organization and ask you to wait until the call begins. If you have any difficulty connecting with the conference call number, please contact at Bitstream: (617) 497-6222.

A replay of the conference call will be available through March 10, 2006 (access code): 861584

International Replay number: 703-925-2533
Domestic Replay number: 888-266-2081
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations. Actual performance and results of operations may differ materially from those projected or suggested in the forward-looking statements due to certain risks and uncertainties, including, without limitation, market acceptance of the Company's products, competition and the timely introduction of new products. Additional information concerning certain risks and uncertainties that would cause actual results to differ materially from those projected or suggested in the forward-looking statements is contained in the Company's filings with the Securities and Exchange Commission, including Bitstream's Annual Report on Form 10-K for the year ended December 31, 2004.

About Bitstream

Bitstream Inc. (NASDAQ: BITS - News) is a software development company that makes communications compelling. Bitstream enables customers worldwide to render high-quality text, browse the Web on wireless devices, select from the largest collection of fonts online, and customize documents over the Internet. Its core competencies include fonts and font technology, browsing technology, and publishing technology. For more information about Bitstream please visit www.bitstream.com.

Bitstream and MyFonts.com are registered trademarks, and Pageflex, the Bitstream logo and ThunderHawk are trademarks, of the Company. Other technologies and brand names are used for information only and remain trademarks or registered trademarks of their respective companies.

Bitstream Inc.
Consolidated Statements of Operations
(In Thousands, Except Per Share Data)
(unaudited)

Three Months Twelve Months
Ended December 31, Ended December 31,
-------------------- --------------------
2005 2004 2005 2004
--------- --------- --------- ---------
Revenue:
Software license $ 3,947 $ 2,839 $ 13,156 $ 9,805
Services 671 484 2,497 1,827
--------- --------- --------- ---------
Total revenue 4,618 3,323 15,653 11,632

Cost of revenue:
Software license 1,182 911 4,321 3,196
Services 352 232 1,223 829
--------- --------- --------- ---------
Total cost of revenue 1,534 1,143 5,544 4,025
--------- --------- --------- ---------

Gross profit 3,084 2,180 10,109 7,607
--------- --------- --------- ---------

Operating expenses:
Marketing and selling 753 679 2,936 2,644
Research and development 1,005 980 3,929 3,914
General and
administrative 527 499 2,206 1,784
--------- --------- --------- ---------

Total operating expenses 2,285 2,158 9,071 8,342
--------- --------- --------- ---------

Operating profit (loss) 799 22 1,038 (735)

Other income:
Gain on investment in
DiamondSoft, Inc. --- --- --- 91
Other income, net 12 13 52 71
--------- --------- --------- ---------

Income (loss) before
provision for income
taxes 811 35 1,090 (573)
Provision for (benefit
from) income taxes 23 (5) 56 42
--------- --------- --------- ---------

Net income (loss) $ 788 $ 40 $ 1,034 $ (615)
========= ========= ========= =========

Basic net earnings (loss)
per share $ 0.09 $ 0.00 $ 0.12 $ (0.07)
========= ========= ========= =========
Diluted net earnings (loss)
per share $ 0.08 $ 0.00 $ 0.11 $ (0.07)
========= ========= ========= =========
Basic weighted average
shares outstanding 8,663 8,611 8,685 8,524
========= ========= ========= =========
Diluted weighted average
shares outstanding 9,514 9,073 9,620 8,524
========= ========= ========= =========


Bitstream Inc.
Consolidated Balance Sheets
(In Thousands)
(unaudited)

December 31,
---------------------
ASSETS 2005 2004
---------- ---------
Current assets:
Cash and cash equivalents $ 5,464 $ 4,405
Accounts receivable, net 1,663 962
Prepaid expenses and other current assets 341 233

--------- ---------

Total current assets 7,468 5,600
--------- ---------

Property and equipment, net 315 282
--------- ---------

Other assets:
Restricted cash 200 250
Goodwill 727 727
Intangible assets 125 174
--------- ---------
Total other assets 1,052 1,151
--------- ---------

Total assets $ 8,835 $ 7,033
========= =========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 664 $ 278
Accrued expenses 1,191 1,199
Deferred revenue 1,085 792
--------- ---------

Total current liabilities 2,940 2,269
--------- ---------

Long-term liabilities 194 200
--------- ---------

--------- ---------
Total liabilities 3,134 2,469
--------- ---------

Total stockholders' equity 5,701 4,564
--------- ---------

Total liabilities and stockholders' equity $ 8,835 $ 7,033
========= =========



Contact:
Bitstream Inc.
Anna M. Chagnon, 617-520-8619
President and Chief Executive Officer
achagnon@bitstream.com
or
James P. Dore, 617-520-8377
Vice President and Chief Financial Officer
jdore@bitstream.com

--------------------------------------------------------------------------------
Source: Bitstream Inc.

Hey!!! Another realist!!!! Too few of us around, IMO!!!

I sold NXG a while ago (too soon!!)...if/when they get the approval on the Kemess North mining, that's when it will really take off, IMO...

Sucker rods....

Schlumberger Integrated Project Management (IPM) applied its Producing Well Improvement Process (PWIP) in an 80,000 acre, 1,200 active well (900 producers) mature (producing since 1925) project in the Permian Basin. In 1991, before the effort, well failures exceeded 150 per month. Upon implementing PWIP, well failures were reduced to about 50 per month within the first two years, followed by a further steady decline to the current (2000) level of 18 per month. This equates to a failure rate of 0.25 failures per well per year. More than half of the current failures are tubing failures (includes injectors and wells with submersible pumps). Remaining failures are split evenly between rod and pump failures. Lease operating costs, over $0.70 per barrel of liquid lifted in 1994, have been holding steady at around $0.40 per barrel of liquid lifted since then.

The PWIP is a systematic, holistic process by which well production optimization and wellbore equipment repair procedures are implemented and improved over time. Decisions are based upon data, not just opinions, using economic parameters consistent with business plans. Pre-planned well service procedures, trained well service and support crews, post-job review and analysis, and automatic operation and continued surveillance are key elements of the process. Pre-planning well service procedures means that there is a written package presenting the data and diagnosis, well information, well servicing procedure, cost estimate and economics, and the appropriate authorization. Forcing a thorough analysis eliminates surprises.

Given a good well servicing plan, well-trained service and support crews execute the job in the field. No job is complete without post-job review and analysis. Well service records must be complete and accurate, failure examinations made, mistakes identified and process improvements discussed. On a post-job basis, pump-off controllers and continued surveillance by the lease operator extend equipment run life. Experience indicates that taking the lowest bid is often not the best option, there is no excuse for repeated failures of the same kind, and repeated failures of different kinds reveals that the initial process was not thorough enough. Tracking failures by lease operator beat allows problem severity and human factors to be assessed.

Philosophies which have proven to be cost effective include: (1) clean older rods while pulling for visual inspection, (2) scan tubing and remove red (> 50% wall loss) and green (31-50% wall loss) band joints, (3) treat rods and tubing with corrosion inhibitor going in hole, (4) run rods with tongs checking coupling displacement, (5) collect samples for analysis when cleaning wellbore, (6) install the smallest pump with the slowest polish rod velocity possible, (7) keep rod loads in the 80% range, (8) always use sinker bars with lift subs between sinker bars, (9) avoid fluid pound by leaving a little production above the pump, and (10) use premium quality pumps with Ni-carb coated brass barrels, 316 SS fittings and silicon nitride valve balls. Depending on well environment, rod strings are case hardened steel, API C, and fiberglass using the lightest effective weight possible. Tubing is seamless J-55 using a 316 SS pup joint above the seating nipple.

Corrosion protection is critical, since about 40% of the failures are due to wear and wear with corrosion, plus another 20% due to corrosion alone. Scale and sand cause 20% of the failures, while human error causes 20%. For corrosion protection, wells should be treated at least weekly with the minimum treatment being one gallon of inhibitor. Allow one gallon of inhibitor for every 100 bfpd produced. Wells producing above 300 bfpd should be treated continuously with 35-50 ppm of inhibitor. Consider how sour wells are when developing a treating schedule.

Amerada Hess Corporation (AHC) operates the 17,000-acre Seminole San Andres Unit (SSAU) where CO2 flooding has been in progress since 1983. Currently, there are 571 active wells, 401 producers and 167 injection wells. The additional corrosion and operational problems associated with a CO2 flood make proactive wellbore management especially critical. Work teams, four in all, each containing an engineer, a production foreman, a well technician and a lease operator, are responsible for well work activities and recommendations. The foreman is responsible for all rig work, workover activity and day-to-day operations. The lease operator is responsible for daily maintenance. For the well technician, key responsibilities are to: (1) design, troubleshoot and monitor performance of lift systems, (2) collect field data, (3) evaluate and utilize collected data, (4) analyze lift system, (5) analyze failures, (6) make recommendations based on all of the above, (7) implement planned actions, and (8) monitor other associated area maintenance activities.

Data relevant to analyzing a well's potential include: fluid levels, pump intake pressures, well tests, static bottom hole pressures, initial potential test results, and well characteristics. In monitoring the lift systems, attention is paid to the gearbox, rod strings, pump efficiency, electric motors and dynamometer cards. Thorough analysis of failures helps to prevent future occurrences. Corrective (and preventive) actions may involve the rod string, the tubing string, pumps, electric motors and miscellaneous other equipment. Plans to improve performance address things such as stroke rate, pump size, need for rod guides, need for coated tubing, need for high strength rods, corrosion treating program, and proper rod handling. The well technician must see that recommended changes are understood, made and documented, and results determined.

An important element of AHC's strategy is to operate its own pump shop. In 1987, there were an increasing number of early time failures in the SSAU. The prior pump shop was some 30 miles away and valuable staff time was lost to inspect pumps. More importantly, AHC could not control quality or exert a significant influence on the practices used by the pump shop. So, beginning in 1988, AHC established it's own pump shop, which has operated continuously since then. With an in-house shop, AHC more thoroughly analyzes pump failures, can build pumps on demand, and can make immediate changes to fix problems. Increased control (and involvement) has led to reduced operating cost, reduced early time failures, reduced pump failures, and increased life of sucker rod systems. More than $1.3 million of savings has been realized on parts and services. For sucker rod systems, the mean time between failures is 3 years. Pump failure frequency is only 0.07 per year (15-year life) and early time failures have essentially been eliminated. Increased involvement from operating the pump shop leads to improved understanding of artificial lift factors. With fewer failures, more time is spent on proactively preventing future problems.

Multiple practices are responsible for AHC achieving these results. New rods are inspected in house using "Go/No Go" test gauges with random rods further sent for full inspection. When rods are laid down, they are fully inspected. Great care is spent on correctly handling (transporting, storing, making up) rods. AHC has found rod guides quite beneficial. Long AF stealth-type rod guides are used, on average 3-4 guides per rod with the number higher on deviated and problem wells. Rod rotators are used to even out wear. Guided stabilizers are used above the pump and between each sinker bar. Although slightly more expensive than a rod with four guides and requiring a larger tubing size, polylined tubing provides greater flow area and less turbulence than with rod guides and is not subject to corrosion. One-inch rods and a lower grade of tubing can be used. Tubing is inspected (hydrotest, scanalog, or complete inspection) when there is a failure or when rods are pulled and wear is noted on the rods or couplings. Tubing anchor catchers are used on all sucker rod lift installations. Internally plastic-coated tubing joints are run as a blast joint on all insert rod pumps. When well work dictates that several trips will be made, a work string is used to prevent wear on the production string.

Early on, AHC rarely used rod pump controllers, instead choosing to monitor wells closely. But staff reductions and increased workloads led AHC to explore using controllers. Performance during the first nine months of usage was evaluated and benefits determined. Projected benefits from reduced failures and increased production were $395,000. Controllers provide round the clock protection from catastrophic failures, reduce stuffing box leaks and resulting spills, and, in emergencies, allow wells to be shut down more quickly. Controllers also identify wells needing attention before (and after) lease operators make their rounds. Controllers enable well technicians to quickly identify wells needing more detailed analysis, regularly monitor problem wells, and prioritize wells that need changes. Controllers are helpful in identifying intermittent problems, wells that hang up after corrosion inhibitor batch treatments, or flow up the tubing after hot oiling. They also idle the unit when the casing slugs, minimizing the time that the pump experiences gas interference.

Consultant Bill Webb reported on a wellbore management program encompassing 406 rod-pumped wells on 19 producing leases in six west Texas counties. Prior to the program, in a one-year period, 116 of 406 rod-pumped oil wells experienced failures, which were primarily rod (97 failures) or tubing (75) failures. The action plan entailed changing out the rod strings when failures occurred, and replacing them with an electronically inspected rod string. The sucker rods that had been pulled were then inspected for reuse or sold for scrap. Likewise, tubing failures mandated inspecting the tubing string as it was being pulled or replacing it with an inspected string. The inspection process then classified the used tubing for reuse in pumping wells, other uses or to be sold as junk pipe. Replacing the damaged steel (rods or tubing) was in addition to ensuring proper design, chemical programs and all other considerations in a comprehensive well failure analysis program. All costs were tracked and documented. One year after the 116 wells had been worked on, not one had experienced a rod or tubing failure. Calculated savings, which included production that was not lost due to downtime and avoided pulling costs for 97 rod and 75 tubing failures, were determined. Payouts for the rod and tubing replacement efforts were 0.68 and 0.47 years, respectively. An added benefit was that a lot of company supervision effort could be redirected elsewhere.

Total well management, as defined by the Echometer Company, is an integrated analysis of the pumping system considering all the elements: the prime mover, surface equipment, wellbore equipment, downhole pump, downhole gas separator, and the reservoir. Using Echometer acoustic survey and other tools, all data can be obtained at the surface without entering the wellbore. There are six basic steps in the process: (1) analyze inflow performance to determine if additional production is available, (2) determine the overall efficiency to identify candidate wells (low efficiency), (3) analyze pump performance, (4) analyze performance of downhole gas separator, (5) analyze mechanical loading of rod string and prime mover, and (6) analyze performance of the prime mover. Completing this process, changes can be designed, implemented and improvements verified with retesting. Applying lessons learned, the artificial lift analyst moves from being a data collector to a knowledgeable well analyst and problem solver.

Examples were shared illustrating the data collected and analysis for two situations-an out of balance RotaFlex pumping unit and a marginal oil producer (8 bopd plus 35 bwpd from 5,200 ft). For the marginal producer, the analysis indicated that a collar-size gas separator was needed and a timer should be installed. With the timer, run time was reduced from 24 to 8 hours per day, cutting electric power costs in half. Expected equipment life was increased by a factor of 3. The full case study for the marginal producer has been published in World Oil as part of the Petroleum Digest section (http://www.worldoil.com/magazine/ MAGAZINE_DETAIL.asp?ART_ID=430&MONTH_YEAR=Jun-99).

Controlling asphaltene and paraffin deposition can reduce permeability, causing lower productivity. Therefore, wellbore management should consider their deposition. Although often discussed together, asphaltenes and paraffins are different. Paraffins are n-alkanes that form crystalline structures with melting points up to 240 ºF. Paraffin deposition can occur naturally, due to cooling associated with pressure drop (20 psi drop=1 ºF), high production levels of gas and oil, and from the geothermal gradient. Operational changes that can cause paraffin deposition include cold completion/frac fluids, water or CO2 flooding, and hot oiling down the tubing or casing. Paraffin control options include solvents, dispersants, surfactants, wax crystal modifiers, and heat. Wells can be either batch treated or treated continuously.

Asphaltenes contain a benzene ring structure. Asphaltenes form an amorphous solid, not a crystalline deposit, that is insoluble in n-pentane/n-heptane. Asphaltenes are black in color, usually brittle, and have charged, high-density molecules. Situations that destabilize the micelle cause asphaltenes to come out of solution. These situations include incompatible liquids (acid jobs, condensate treatments or crude blending) or high gas/liquid ratios (which often occur in gas flooding). Charged surfaces, which can occur with high flow rates, can also cause asphaltene wetting (and deposition)

CONNECTIONS:
Kent Gantz
Schlumberger Integrated Project Management
P.O. Box 1859
Pennwell, TX 79776
Phone: 915-580-4359E
E-mail: kgantz@penwell.ipm.slb.com

droneputt...thanks for your reply. I thought the demo/test was just for carriers within the port, and turned the tracker in when they left. I don't really know how the containers are delivered to the final destination, but I imagine there are hundreds(?) of trucks traveling all over the USA to make deliveries.....seems a logistics nightmare for one security outfit to track all from port to destination....unless tracking software could handle the bulk.

Shoot!!! Now the smart buyers are driving it up!!! Missed my chance to add????

Looks like rig-amortis has set in.....is that first well done yet??? Does the last one off the rig turn out the lights???

No difference between "old" steel and "new" steel unless they change the manufacturing or alloy specs.....which is possible to keep costs down. And like you said....depending on the usage, "old" steel has a history which can effect it's strength, etc....stress fatigue, corroding environment, etc....

clare-the-bear......?????? So you track the trucks in the seaport that have a sign on the side "We're picking up the container with explosives"?????? What good is it to track trucks if you don't know what's in the container????

Turn Up The Juice
Chris Noon, 02.27.06, 12:01 AM ET

Watch that wattmeter: It looks as though early estimates of China's future power demands were a tad conservative.

We could have told you that, 18 million Shanghai residents may claim. In the summer of 2004, Shanghai, like many Chinese cities, struggled with serious power shortages and brownouts. The plugs were pulled on neon lights, citizens sweltered as air conditioning was restricted, and rationing forced factories to rely on diesel generators. A state-run newspaper reported last week that the pinches of recent years should come to an end in 2006, yet this looks like myopic thinking.

The number crunchers at French consultant Capgemini have been totting up population forecasts, joules and kilowatt hours in its China Electricity Market 2006 study, and come 2020, it turns out the dragon's going to need more juice. A scale-raising 1,230 gigawatts of power, 29% more than the 950 gigawatts currently planned, to be precise.

Capgemini's Colette Lewiner, the author of the report, says the investment needed to deliver this extra power to the people equates to $590 billion, which represents a significant opportunity for investors within and outside China. The country's power market will require, on average, 48 gigawatts of new capacity every year--put into perspective, this is equivalent to two-thirds of the U.K.'s total installed capacity today.

One certain investment opportunity will be for international manufacturers that can provide equipment to the mushrooming wind, nuclear energy and clean coal sectors. "I see opportunities for General Electric, Bechtel, Siemens, AREVA, as well as Japanese companies such as Toshiba and Mitsubishi," opines Lewiner. (AREVA is a French nuclear power producer). Global energy players that can secure long-term fuel supply contracts--such as natural gas--for power generation could also benefit.

But worryingly, Capgemini's figures adumbrate a sooty China. It augurs coal-fired plants will still provide 71% of the power supply four years from now and 65% in 2020. Next to this, the Chinese government's claims it will reduce its heavy dependency on coal-fired capacity from today's figure of 73% to less than 60% in 2020 look Panglossian. And it's not as though it'll get its comeuppance from the rest of the world when it comes up short.

"China did not sign the Kyoto protocol, though a law on renewable sources was adopted in 2005," explains Lewiner. "Our research has found that China is unlikely to reduce its dependence on coal in the near future, and that nuclear energy is, with hydro power and natural gas, an interesting option to adjust the power mix that China needs," she adds.

Reels of red tape need to be cut before the Chinese market offers optimum opportunities for foreign investors. To wit: An acceleration of deregulation in the region as well as some buddying up between the state-run behemoths and smaller regional players could lead to a critical market size that welcomes new investments and technological innovation, Lewiner concludes.

So if the container inspection is the big problem, what's the advantage to be able to track trucks in the seaport from a homeland security standpoint???????

??? Did you ever think these rigs may be considered junk by others and not worth the risk to do their wells??? I doubt very much that these rigs will be leased by others.....and I doubt very much that AMEP will complete wells in the time frame that an established drilling company can do it with the service/parts backup that they have. So far this first well time frame is not very impressive, even with equipment/personnel shake-down considered.... Time is money in the oil biz, that's why drilling companies exist....
Grey Wolf just sold five of their old rigs and are purchasing new ones......already under long term contracts for drilling.

Interesting read..10 Things That Will Change The Way We Live:

http://www.forbes.com/2006/02/16/cx_cd_0217featslide_print.html

OT: Wilderhill Clean Energy Index...nice chart, clean energy is "in" for now....

List of companies in index:
http://finance.yahoo.com/q/cp?s=%5EECO

lonestar...I followed USXP about a year and a half or 2 years ago, I think the SEC was investigating them at one time about some lawsuit settlement claims. Be very careful, I think it's a momo play only. Their luggage pickup deal has been around a long time, but never generated much interest. The CEO keeps coming up with some really far out stuff....German blimps for freight?....stuff like that.....

Check the RB board...the "negative" stuff is pretty much all true...

http://ragingbull.lycos.com/mboard/boards.cgi?board=USXP&startfrom=476162