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MOBE 2.98 Mobility Electronics Launches Universal Chargers with a Major Wireless Carrier
Mobility's Products Added to All 102 Retail Stores and Kiosks of Wireless Carrier
Jun 15, 2007 7:00:00 AM
Copyright Business Wire 2007
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--
Mobility Electronics, Inc. (NASDAQ:MOBE), a leading provider of innovative portable power and computing solutions, today announced that one of the largest wireless carriers in the United States is now carrying Mobility's universal chargers for mobile electronic (ME) devices. The universal chargers are now available in all 102 retail stores and kiosks operated by the wireless carrier across the United States.
The stores and kiosks are now carrying the following Mobility products:
-- iGo(R) auto charger - a DC charger for charging/powering
mobile devices in automobiles ($19.95 MSRP)
-- iGo wall charger - an AC charger for charging/powering mobile
devices from any standard wall power outlet ($19.95 MSRP)
-- iGo power splitter - an accessory that enables select iGo
chargers to power/charge two mobile devices simultaneously
($9.95 MSRP)
-- A variety of interchangeable power tips that can be utilized
on any iGo charger ($9.95 MSRP)
All of Mobility's universal chargers for ME devices provide unparalleled convenience and functionality to consumers by enabling one charger to power/charge hundreds of brands and thousands of models of ME devices (cell phones, PDAs, smartphones, digital cameras, portable computers, etc.) through the use of interchangeable tips.
The wireless carrier is supporting the launch with advertising, media and promotional campaigns. The iGo everywhere wall and auto charger is currently being featured in a special "Grads and Dads" promotional giveaway. Through June 23, any customer purchasing a service subscription of a minimum of one year for broadband, wireless or digital TV will receive a redemption coupon for a free iGo everywhere charger.
"This relationship significantly furthers our penetration of the key wireless carrier market," said Joan Brubacher, Chief Financial Officer of Mobility Electronics. "This carrier is an excellent addition to our upcoming national rollout with Cingular/AT&T and our ongoing trial program with T-Mobile. We are very pleased that this carrier has chosen to feature our chargers in their 'Grads and Dads' promotion, which we believe will serve as an outstanding launch for these products and generate strong awareness among their customers."
About Mobility Electronics, Inc.
Mobility Electronics, Inc., based in Scottsdale, Arizona, is a developer of universal power adapters for portable computers and mobile electronic devices (e.g., mobile phones, PDAs, digital cameras, etc.) and creator of the patented iGo(R) intelligent tip technology. Mobility Electronics' iGo brand offers a full line of AC, DC and combination AC/DC power adapters for portable computers and low-power mobile electronic devices. All of these adapters leverage the Company's iGo intelligent tip technology, which enables one power adapter to power/charge hundreds of brands and thousands of models of mobile electronic devices through the use of interchangeable tips.
The Company also offers other accessories for the mobile electronic device market, such as foldable keyboards.
Mobility Electronics' universal chargers are available at www.iGo.com as well as through RadioShack and Qwest stores, and other leading retailers. For additional information call 480-596-0061, or visit www.mobilityelectronics.com.
Mobility Electronics, iGo and ...improving your mobile experience are registered trademarks of Mobility Electronics, Inc. All other trademarks or registered trademarks are the property of their respective owners.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to promotional efforts and consumer awareness for Mobility's power products. These forward-looking statements are based on management's current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in the forward-looking statements include the impact of promotional efforts by the wireless carrier referenced in this release; the sell through rates of the Company's chargers at the carrier's stores; delays or cessation of shipments of the Company's products to the carrier; the timing and success of new product introductions; the development and introduction of new products by us and our competitors; the performance of suppliers and subcontractors; industry and general economic or business conditions; and other factors detailed in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements.
Source: Mobility Electronics, Inc.
----------------------------------------------
Financial Relations Board
Tony Rossi
310-854-8317
trossi@financialrelationsboard.com
EBS 8.84 Emergent BioSolutions Announces Expansion of Board of Directors and Appointment of Dr. Sue Bailey to the Company's Board of Directors
Dr. Bailey Brings DoD and Media Relations Expertise to the Company's Board
Jun 15, 2007 7:00:00 AM
Copyright Business Wire 2007
ROCKVILLE, Md.--(BUSINESS WIRE)--
Emergent BioSolutions Inc. (NYSE:EBS), a biopharmaceutical company, announced today that at a regularly scheduled meeting of its board of directors the board passed a resolution authorizing the expansion of the total number of members of the board to eight. The board also unanimously appointed Sue Bailey, M.D., as a Class III director, for a two-year term that will expire at the 2009 annual meeting of stockholders.
"I am delighted to welcome Dr. Bailey to the Emergent BioSolutions Board of Directors. Her extensive experience in managing complex organizations and healthcare-related issues for both the federal government and private corporations and her expertise in media relations will contribute greatly to our ability to meet our nation's need for bioterrorism countermeasures and to create shareholder value," said Fuad El-Hibri, Emergent BioSolutions' chairman and chief executive officer.
Dr. Bailey served as a news analyst for NBC Universal from 2001 to 2006, focused on national security, bioterrorism, environmental safety and public health issues. Dr. Bailey also served as Administrator for the National Highway Traffic Safety Administration from 2000 to 2001, as Assistant Secretary Of Defense (Health Affairs) from 1998 to 2000, and as Deputy Assistant Secretary Of Defense (Clinical Services) from 1994 to 1995. During her tenure with DoD Health Affairs, Dr. Bailey headed the $17 billion military medical system, with responsibility for protecting American military forces from combat causalities, disease, environmental hazards, and biochemical warfare.
"Protecting America's military men and women against acts of bioterrorism and safeguarding citizens against infectious diseases has been the focus of my career," said Dr. Bailey. "I am pleased to be joining the Board of Emergent BioSolutions where I can help guide the company's development of medical countermeasures that can protect the lives of those most at risk."
Dr. Bailey is a board certified physician whose clinical and academic background included a faculty position at Georgetown University Medical School. In addition, she was formerly a Navy officer, having achieved the rank of Lt. Commander, U.S. Navy Reserve. Dr. Bailey also serves as an advisor or member of the board of directors for a variety of industry, academic and healthcare and safety-oriented organizations.
Dr. Bailey holds a degree from the University of Maryland and her medical degree from the Philadelphia College of Osteopathic Medicine. She completed her internship and residency at George Washington University and completed a medical post-graduate fellowship at Johns Hopkins University.
About Emergent BioSolutions Inc.
Emergent BioSolutions Inc. is a biopharmaceutical company dedicated to one simple mission--to protect life. We develop, manufacture and commercialize immunobiotics, consisting of vaccines and therapeutics that assist the body's immune system to prevent or treat disease. Our biodefense business focuses on immunobiotics for use against biological agents that are potential weapons of bioterrorism and biowarfare. Our marketed product, BioThrax(R) (Anthrax Vaccine Adsorbed), is the only vaccine approved by the U.S. Food and Drug Administration for the prevention of anthrax infection. Our commercial business focuses on immunobiotics for use against infectious diseases and other medical conditions that have resulted in significant unmet or underserved public health needs. More information on the company is available at www.emergentbiosolutions.com.
Safe Harbor Statement
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements, other than statements of historical fact, including statements regarding our strategy, future operations, future financial position, future revenues, projected costs, prospects, plans and objectives of management, including our expected revenue growth and net earnings for 2007, and any other statements containing the words "believes", "expects", "anticipates", "plans", "estimates" and similar expressions, are forward-looking statements. There are a number of important factors that could cause the company's actual results to differ materially from those indicated by such forward-looking statements, including our performance under BioThrax(R) sales contracts with the U.S. government, including the timing of deliveries under these contracts; our ability to obtain new BioThrax sales contracts with the U.S. government; our plans for future sales of BioThrax; our plans to pursue label expansions and improvements for BioThrax; our plans to expand our manufacturing facilities and capabilities; the rate and degree of market acceptance and clinical utility of our products; our ongoing and planned development programs, preclinical studies and clinical trials; our ability to identify and acquire or in license products and product candidates that satisfy our selection criteria; the potential benefits of our existing collaboration agreements and our ability to enter into selective additional collaboration arrangements; the timing of and our ability to obtain and maintain regulatory approvals for our product candidates; our commercialization, marketing and manufacturing capabilities and strategy; our intellectual property portfolio; our estimates regarding expenses, future revenue, capital requirements and needs for additional financing; and other factors identified in the company's Annual Report on Form 10-K for the year ended December 31, 2006 and subsequent reports filed with the SEC. The company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.
Source: Emergent BioSolutions Inc.
----------------------------------------------
Emergent BioSolutions Inc.
Investors Contact:
Robert G. Burrows
Vice President
Investor Relations
301-795-1877
burrowsr@ebsi.com
CTT 2.42 Competitive Technologies Reports Third Quarter Fiscal 2007 Results
Jun 15, 2007 6:25:00 AM
2007 PrimeNewswire, Inc.
FAIRFIELD, Conn., June 15, 2007 (PRIME NEWSWIRE) -- Competitive Technologies, Inc. (AMEX:CTT) today announced financial results for the three and nine months ended April 30, 2007.
"CTT's financial results continue to be unacceptable. However, we believe that the third quarter results being announced today point towards an improving picture for CTT's future, especially in view of several charges recorded in this quarter," said John B. Nano, CTT's Chairman, President and CEO. "Results for the quarter reflect our ongoing cost-reduction program and our dedicated marketing program to increase sales, in addition to our strategy to deal with actions taken by the prior Board and management. The new Board of Directors and management are aggressively working to grow revenue, increase shareholder value, and reduce costs wherever possible, having targeted a $2 million cost reduction on an annual basis. Our April 2007 sale of several patents at auction for $1.0 million on behalf of our client and CTT is not reflected in the current quarter's results as we await final documentation. We are fortunate to have over $9 million in the bank and no long-term debt. In February 2006, the prior Board and management added a 'change of control provision' to the 1997 Employees' Stock Option Plan stating that if 50% or more of the then Board were replaced a 'change of control' was to be considered as having taken place. All unvested employee option grants in place at that time would become fully vested. The election of the current Board triggered this undisclosed clause. The Plan changes, which had not been filed with the SEC nor approved by shareholders, resulted in a $467,000 non-cash charge to earnings in the current third quarter."
Mr. Nano added, "Certain expenses in this quarter totaling about $393,000 are a part of our cost reduction program, including $180,000 for canceling of consulting agreements, final payments of $173,000 to five terminated employees, and additional proxy solicitation charges of $40,000 associated with the CTT proxy contest."
As a result of a proxy contest, CTT's prior Board was completely replaced with a new Board, including Mr. Nano, at a shareholder meeting on February 2, 2007.
The financial result for CTT's third quarter ended April 30, 2007 is a net loss of approximately $2.0 million, or $0.25 per share, including non-cash charges of approximately $0.7 million and cost reduction items of $0.4 million. This compares to a net loss of approximately $1.1 million, or $0.14 per share, for the third quarter of the prior fiscal year. The net loss for the nine-month period ending April 30, 2007 is approximately $6.7 million, or $0.84 per share, compared to a net loss of approximately $2.0 million, or $0.27 per share, for the prior-year period.
Total revenues for the quarter ended April 30, 2007, were approximately $0.9 million, compared to approximately $1.2 million in the same period of the prior year. Revenues for the nine-month period ended April 30, 2007 were approximately $2.7 million compared to approximately $3.8 million in the same period of the prior year. The decrease in total revenues in the current quarter was primarily due to the decrease in homocysteine royalties. CTT is currently pursuing litigation against alleged infringers of its homocysteine assay patent, including Carolina Liquid Chemistries Corporation, Catch, Inc., and the Diazyme Laboratories Division of General Atomics.
Expenses in total for the quarter ended April 30, 2007 were approximately $2.9 million, compared to approximately $2.3 million in the prior year quarter. For the nine-month period ended April 30, 2007, expenses were approximately $9.4 million compared to approximately $5.9 million for the prior year period.
Personnel and other direct expenses relating to revenues for the quarter increased approximately $0.6 million primarily due to compensation expense related to stock options and the accelerated vesting of options outstanding on February 2, 2007. The $0.6 million increase included the $467,000 non-cash charge relating to the 'change of control' provision change and a $195,000 non-cash charge recorded to cover options granted to Mr. Nano under his employment agreement. For the nine-month period personnel and other direct expenses increased to about $4.5 million from about $3.3 million in the prior year. These expenses were primarily due to employee additions made by prior management and accrued severance costs covering agreements negotiated by prior management with two employees who have both been rehired by current management, in addition to the quarter's expenses relating to the stock options.
General and administrative expenses for the quarter were about $0.8 million, compared to the prior year amount of about $0.6 million. The approximately $4.4 million general and administrative expenses for the current nine months are about $2.2 million higher than the approximately $2.2 million for the prior year nine months. The increase for the nine-month period was primarily due to costs associated with the prior Board and management's annual meetings and proxy contest of about $1.0 million, amounts paid to settle an employee suit claiming $5.1 million for $1.0 million and the employee's related legal costs of $0.65 million. Increased expenses in the third quarter, primarily a result of higher rent under the lease negotiated by the prior management for the new office space, corporate legal costs, and investor relations, added to the full nine-month variance.
Patent enforcement expenses for the quarter decreased to $0.1 million, net of reimbursements, from approximately $0.3 million for the prior year, with the nine-month period increasing from approximately $0.5 million compared to approximately $0.4 million in the prior year. The nine-month increase was primarily due to increased litigation costs in the current fiscal year for the Fujitsu and homocysteine assay litigations offset by decreased litigation activity in the current quarter.
Mr. Nano further stated, "CTT's management team is committed to restoring stockholder value by signing new license agreements, and utilizing its strong sales team and effective global alliances. We continue to meet with current and potential shareholders to present our strategy for growth. We will be presenting to the Philadelphia Securities Association on June 26. We are concentrating on collecting monies owed to CTT under various technologies including homocysteine, obesity treatment and sexual dysfunction treatment. CTT is actively marketing our nutraceutical ingredients technology, the molecular memory devices, the HB LED technology, bone biomaterial, cholesterol trapping/regeneration technology, and the Lupus diagnostic and monitoring technology to drive revenue growth, improve profitability and create shareholder value."
About Competitive Technologies, Inc.
Competitive Technologies, established in 1968, is a full service technology transfer and licensing provider focused on the technology needs of its customers and transforming those requirements into commercially viable solutions. CTT is a global leader in identifying, developing and commercializing innovative technologies in life, electronic, nano, and physical sciences developed by universities, companies and inventors. CTT maximizes the value of intellectual assets for the benefit of its customers, clients and shareholders. Visit CTT's website: www.competitivetech.net
Statements about our future expectations are "forward-looking statements" within the meaning of applicable Federal Securities Laws, and are not guarantees of future performance. When used herein, the words "may," "will," "should," "anticipate," "believe," "appear," "intend," "plan," "expect," "estimate," "approximate," and similar expressions are intended to identify such forward-looking statements. These statements involve risks and uncertainties inherent in our business, including those set forth in Item 1A under the caption "Risk Factors," in our most recent Annual Report on Form 10-K for the year ended July 31, 2006, filed with the SEC on October 30, 2006, and other filings with the SEC, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.
COMPETITIVE TECHNOLOGIES, INC.
FIRST NINE MONTHS FISCAL 2007
CONDENSED CONSOLIDATED RESULTS OF OPERATIONS
(dollars in thousands, except per share amounts) (unaudited)
Third Quarter ended Nine Months Ended
April 30, April 30,
2007 2006 2007 2006
------- ------- ------- -------
Revenue $ 893 $ 1,199 $ 2,692 $ 3,836
Operating expenses 2,934 2,253 9,419 5,876
(Benefit) from income tax -- -- -- (12)
------- ------- ------- -------
Net (loss) $(2,041) $(1,054) $(6,727) $(2,028)
======= ======= ======= =======
Net (loss) per share:
Basic and diluted $ (0.25) $ (0.14) $ (0.84) $ (0.27)
======= ======= ======= =======
Weighted average number of
common shares outstanding:
Basic and diluted (in 000s) 8,048 7,710 8,018 7,565
At April 30, At July 31,
2007 2006
------- -------
Other Financial Data
Cash, cash equivalents and restricted cash $ 9,238 $12,909
======= =======
Total assets $14,967 $18,417
======= =======
Total liabilities $ 4,835 $ 3,963
======= =======
Shareholders' equity $10,132 $14,454
======= =======
CONTACT: For Competitive Technologies, Inc.
Johnnie D. Johnson, IR Services, LLC
860 434 2465
jdjohnson@corpirservices.com
$10 million in the bank, and may have closer to $50 million."
MAY have?? lol...big gap between 10 and 50, eh? lol
i still have trouble convincing myself that it wll make any difference at all considering the historical sleepiness of the SEC.
still, it sounds good.
considering the size of the mess they have to clean up i think they had better get in gear! imo of course.
thanks for the update.
love your siggy....who is the artist?
STKR 1.40 StockerYale Introduces Three New Products in Conjunction with LASER 2007 Exhibition in Munich
Jun 14, 2007 9:29:00 AM
Copyright Business Wire 2007
SALEM, N.H.--(BUSINESS WIRE)--
StockerYale, Inc. (NASDAQ: STKR), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industry OEMs, today announced the market launch of three new products by the company's U.K.-based laser diode manufacturing business Photonic Products Ltd. The new products will be introduced at the LASER 2007, World of Photonics exhibition in Munich, Germany being held June 18 - 21.
The first of these new products is a 532nm DPSS (diode pumped solid state) green laser module with integral thermo electric control. Integral thermo electric control enables the laser module to be operated at a stable temperature level which provides the constant optical performance and wavelength precision necessary for demanding industrial and laboratory applications such as alignment, bio-analysis and flow cytometry. It is a compact, self-contained, efficient and highly reliable laser module.
The second product is the new FFD100 visual Fibre Fault Detector. This is a simple-to-use tool that pinpoints problem areas on an optical fibre by generating a bright red glow at the fault site to rapidly locate breaks, bends and other discontinuities that can affect fibre performance and result in signal loss.
The third new product introduction is a line of new 635nm Photon laser modules with a "Near End of Life Detection" capability. This PM-NEOLD range of laser modules is designed as a complete laser diode solution for OEM use in diverse applications such as industrial alignment and positioning, medical fluorescence and bar code readers.
"These three new products showcase our innovation in advanced photonics technologies and product design, and we're excited to present them on an international stage," said Mark W. Blodgett, President and Chief Executive Officer. "The World of Photonics has become the most important laser show in the world. It's the ideal venue for us to unveil our achievements in lasers and build visibility and initial momentum for these new products in the market."
StockerYale has exhibited at the LASER, World of Photonics show in Munich for the last ten years.
ABOUT LASER. WORLD OF PHOTONICS
Held every two years since 1973, Laser, World of Photonics is the world's leading trade show for optical technologies. At this event, both international market leaders and innovative start ups present their products and applications in the areas of lasers and optronics, optics, optical production technology, sensor technology and measurement and testing technology as well as in the application of these technologies in production, medical device technology and biotechnology, imaging, optical measurement systems and illumination. In 2005, the event hosted 940 exhibitors from 35 countries and more than 23,000 visitors from around the world.
http://www.munichtradefairs.com/usapav_Laser.htm
ABOUT STOCKERYALE
StockerYale, Inc., headquartered in Salem, New Hampshire, is an independent designer and manufacturer of structured light lasers, LED modules, and specialty optical fibers for industry leading OEMs. In addition, the company manufactures fluorescent lighting products and phase masks. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, telecommunication, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Canada, and Europe. For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com
SAFE HARBOR STATEMENT
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. All statements other than statements of historical fact, including without limitation, those with respect to StockerYale's goals, plans and strategies set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: uncertainty that StockerYale's new products will gain market acceptance; the risk that delays and unanticipated expenses in developing new products could delay the commercial release of those products and affect revenue estimates; the risk that one of our competitors could develop and bring to market a technology that is superior to those products that we are currently developing; and StockerYale's ability to capitalize on its significant research and development efforts by successfully marketing those products that the Company develops. Forward-looking statements represent management's current expectations and are inherently uncertain. You should also refer to the discussion under "Factors Affecting Operating Results" in StockerYale's annual report on Form 10-KSB and the Company's quarterly reports on Form 10-QSB for additional matters to be considered in this regard. Thus, actual results may differ materially. All Company, brand, and product names are trademarks or registered trademarks of their respective holders. StockerYale undertakes no duty to update any of these forward-looking statements.
Source: StockerYale, Inc.
----------------------------------------------
The Piacente Group
Melissa Dixon
212-481-2050
melissa@thepiacentegroup.com
DRJ 2.85 FansEdge.com Named 39th Fastest Growing Retailer on the Web by Internet Retailer Magazine
Publication Lists Top 500 Companies on Internet Sales Success
Jun 14, 2007 9:14:00 AM
Copyright Business Wire 2007
PLANTATION, Fla.--(BUSINESS WIRE)--
FansEdge, Inc., the internet division of Dreams, Inc., (AMEX:DRJ) landed at number 39 on the coveted 2006 "Top 500 Fastest Growing Retailers" list from industry bible, Internet Retailer Magazine. The anticipated issue lists 500 retailers in order of sales growth due to online presence. FansEdge, with the complement of all of its web properties, achieved a growth rate of 71 percent over the previous year, and came in the top 10 percent of all retailers nationwide.
FansEdge.com, one of the foremost providers of licensed sports products and autographed memorabilia via the internet, was number 289 among all retailers nationwide based on sales volume; up from number 363 in 2005. The list was headed by internet giant Amazon.com.
"We are thrilled to be so high on the list of the fastest growing retailers," said Kevin Bates, founder of FansEdge and president of the retail division of Dreams, Inc., a vertically integrated leader in the licensed sports products industry. "This is a testament to our savvy marketing, outstanding customer experience, breadth and depth of products and the diligent work of the entire team."
The Internet Retailer staff spends five months researching, analyzing and reviewing data to assess the rankings. The exhaustive study reveals a list that industry professionals believe is comprehensive and accurate.
"We are pleased to boast one of the strongest brands on the internet. With parameters such as 3.94 seconds for average response time and 99.6% web site availability, FansEdge.com has earned the mark as one of the most successful on-line retailers for customer satisfaction," said Dreams President and CEO Ross Tannenbaum. "Dreams sensed the potential for FansEdge when we acquired the firm in October 2003. It is gratifying to see a strategic acquisition exceed everyone's expectations," Tannenbaum concluded.
The full list of the "Top 500 Fastest Growing Retailers" is available in the June issue of Internet Retailer.
DREAMS, INC. trades under the ticker symbol: AMEX:DRJ
www.Dreamscorp.com
FansEdge.com
ProSportsMemorabilia.com
FieldofDreams.com
SportsCases.com
BigBen7.com (Ben Roethlisberger)
DanMarino.com
JohnElway.com
PeteRose.com
EmmittSmith.com (store only)
DickButkus.com
MikeSchmidt.com
Statements contained in this press release, which are not historical facts, are forward looking statements. The forward-looking statements in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made herein contain a number of risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, specific factors impacting the Company's business including increased competition; the ability of the company to expand its operations and attract and retain qualified personnel, the uncertainty of consumer's desires for sports and celebrity memorabilia; the availability of product; availability of financing; the ability to sell additional franchises; and general economic conditions.
Source: Dreams, Inc.
----------------------------------------------
Dreams
Inc.
Plantation
Investor Relations:
David M. Greene
Senior Vice-President
954-377-0002
Fax: 954-475-8785
dgreene@dreamscorp.com
or
Public Relations:
Boardroom Communications
Jennifer Clarin and/or Caren Berg
954-370-8999
Fax: 954-370-8892
jclarin@boardroompr.com
XFML 8.69 Xinhua Finance Media Completes Acquisition of Singshine
Jun 14, 2007 9:10:00 AM
BEIJING, June 14 /Xinhua-PRNewswire-FirstCall/ -- Xinhua Finance Media ("XFMedia"; Nasdaq: XFML), China's leading diversified financial and entertainment media company, today announced that it has completed its acquisition of a 100% interest in Singshine (Holdings) Hongkong Limited ("Singshine"). With the acquisition, Singshine has become a wholly-owned subsidiary of XFMedia. It will expand the geographic coverage of XFMedia's radio program consultation and advertising capabilities from northern to southern China and add entertainment and high-end consumer-oriented advertising to XFMedia's current range of financial and corporate focused advertising.
About Xinhua Finance Media Limited
Xinhua Finance Media ("XFMedia"; Nasdaq: XFML) is China's leading diversified financial and entertainment media company targeting high net worth individuals nationwide. The company reaches its target audience via TV, radio, newspapers, magazines and other distribution channels. Through its five synergistic business groups, Advertising, Broadcast, Print, Production and Research, XFMedia offers a total solution empowering clients at every stage of the media process and keeping people connected and entertained.
Headquartered in Beijing, the company has offices and affiliates in major cities of China including Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong. For more information, please visit http://www.xinhuafinancemedia.com .
Xinhua Finance Media is a subsidiary of Xinhua Finance Limited ("XFL"; TSE Mothers: 9399), China's premier financial information and media service provider. XFL owns 36.9% of the equity and 85.4% of the voting rights of XFMedia through its holding of class B common shares, which have ten votes per share. The investing public, the company's China partners, executives and staff own class A common shares in the company with one vote per share. The dual-class common share structure was created to accommodate the regulatory landscape of China's media sector.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," ''confident'' and similar statements. Among other things, quotations from management in this announcement contain forward-looking statements. XFMedia may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about XFMedia's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statements. Potential risks and uncertainties are risks include but are not limited to, the China advertising market may not grow as expected and other risks, outlined in XFMedia's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. All information provided in this press release is as of the date of this release, and XFMedia undertakes no duty to update such information, except as required under applicable law.
For more information:
China
Xinhua Finance Media
Ms. Joy Tsang
Tel: +86-21-6113-5999
Email: joy.tsang@xinhuafinancemedia.com
United States
Taylor Rafferty
John Dudzinsky
Tel: +1-212-889-4350,
Email: john.dudzinsky@taylor-rafferty.com
SOURCE Xinhua Finance Media
----------------------------------------------
Joy Tsang
+86-21-6113-5999
or joy.tsang@xinhuafinance.com of Xinhua Finance; or John Dudzinsky of Taylor Rafferty for XFML
+1-212-889-4350
or john.dudzinsky@taylor-rafferty.com/
WSTF 4.91 The Burlington Business Association Honors Westaff's Natalie Duval With Customer Service Award
Staffing Veteran Says Attention to Service Is Simply Part of the Job
Jun 14, 2007 9:02:00 AM
Copyright Business Wire 2007
WALNUT CREEK, Calif.--(BUSINESS WIRE)--
Leading global provider of staffing services Westaff, Inc. (NASDAQ:WSTF), announced Senior Staffing Consultant Natalie Duval, who works in the company's Burlington, Vt., franchise, received the Burlington Business Association's Customer Service Award for June 2007. The award, which included a certificate of excellence, a plaque and vouchers from local Burlington businesses, was presented to Duval by Burlington Mayor Bob Kiss at the Burlington Business Association's June meeting.
"The local business community's commitment to excellent service is one of the key ingredients that makes Burlington one of North America's premiere cities," said Burlington Mayor Bob Kiss. "Natalie's willingness to go the extra-mile for Westaff staffing clients and candidates is a great example of this commitment. I'm pleased to join her peers in recognizing her outstanding service and present her this month's Burlington Business Association Customer Service Award."
Kudos from a Westaff client prompted the Burlington Business Association to recognize Duval. Not only did she secure the client a high-paying permanent position, with excellent benefits, but Duval also helped the client sustain herself with temporary work and words of encouragement throughout the job search process. Duval, who has worked at Westaff since 1999 and specializes in placing administrative, light technical and professional candidates, says such attention to service is all in a day's work, "Outstanding customer service is a value shared by the whole Westaff team; it differentiates us from our competition. I am honored to be recognized by the Burlington Business Association for doing what we do best, putting Burlington residents to work."
Westaff's franchised Vermont offices, in Burlington, Barre and St. Johnsbury, are operated by the Mount Family Group, Ltd. Since opening their first office in Burlington 25 years ago, the Mounts' stellar reputation for service has grown Westaff into one of Vermont Business Magazine's top-100 companies. For more information on Westaff staffing solutions in Vermont contact James or Karen Mount at 802-862-6500.
About Westaff
Westaff provides staffing services and employment opportunities for businesses in global markets, servicing more than 15,000 client accounts from more than 230 offices located throughout the United States, the United Kingdom, Australia and New Zealand. Westaff provides client companies with 125,000 temporary and permanent placement employees annually in the areas of administration, call centers and light industry. For more information, please visit our Web site at www.westaff.com.
Source: Westaff
----------------------------------------------
KRT Marketing for Westaff
Inc.
Rachel Loya
925-284-6255
rachel@krtmarketing.com
VPS 1.92Vermont Pure Holdings, Ltd. Announces Financial Results for its Second Fiscal Quarter Ending April 30, 2007
- Sales growth drives increase in earnings -
Jun 14, 2007 9:00:00 AM
WATERTOWN, Conn., June 14 /PRNewswire-FirstCall/ -- Vermont Pure Holdings, Ltd. (Amex: VPS) announced its financial results for the second quarter of its fiscal year 2007 and that it will file these results on Form 10-Q with the Securities and Exchange Commission today.
Total sales for the second quarter of fiscal year 2007 increased 3% to $15.7 million from $15.2 million for the comparable period a year ago. The second quarter sales bring sales for the first six months of the year to $31 million compared to $29.9 million for the comparable period in 2006, an increase of 4%.
Gross profit decreased 1% in the second quarter of 2007 to $8.7 million, or 55% of sales, from $8.8 million, or 57% of sales, for the quarter in 2006. For the six months ended April 30, 2007, gross profit increased 2% to $17.2 million from $17 million in the first half of 2006.
Net income decreased 13% to $412,000 in the second quarter of fiscal year 2007 compared to $475,000 in the second quarter of fiscal year 2006. For the first six months, net income increased 30% to $703,000 in 2007 from $540,000 in 2006.
"Consistent quarterly sales growth continues to produce strong cash flow for debt reduction, capital expansion, and acquisitions," said Peter Baker, C.E.O. of Vermont Pure Holdings, Ltd. "In addition, we plan to invest in increased advertising the third and fourth quarters to enhance long term growth," Baker concluded.
Vermont Pure Holdings, LTD. is the largest independent and third largest Home and Office distributor of its kind in the United States. The Company bottles and distributes natural spring water and purified with minerals added bottled water under the Crystal Rock(R) and the Vermont Pure(R) trademarks. It markets its bottled water brands, as well as coffee and other home and office refreshment products, to customers throughout New England and New York. Vermont Pure Holdings Ltd.'s common stock trades on the American Stock Exchange under the symbol: VPS.
VERMONT PURE HOLDINGS, LTD
Results of Operations
(Unaudited) (Unaudited)
Six Months Ended: Three Months Ended:
April 30, April 30, April 30, April 30,
2007 2006 2007 2006
(000's $)
Sales $30,979 $29,854 $15,677 $15,241
Income from operations $2,797 $2,574 $1,489 $1,637
Net Income $703 $540 $412 $475
Basic net earnings per share $0.03 $0.02 $0.02 $0.02
Diluted net earnings per share $0.03 $0.02 $0.02 $0.02
Basic Wgt. Avg. Shares Out.
(000's) 21,629 21,627 21,635 21,646
Diluted Wgt Avg. Shares Out.
(000's) 21,629 21,627 21,635 21,646
Note: This press release contains forward looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those indicated by such forward looking statements, including integration of acquisitions, ability to sustain and manage growth, changing market conditions, and other risks detailed in the company's filings with the Securities and Exchange Commission.
SOURCE Vermont Pure Holdings, Ltd.
----------------------------------------------
Peter Baker
CEO
+1-860-945-0661
Ext. 3001
or Bruce MacDonald
CFO
+1-802-860-1126
both of Vermont Pure Holdings
Ltd.
MMG 3.80 Metalline Mining Company Announces Sample Results from Dormidos Concession Area
Jun 14, 2007 9:00:00 AM
COEUR D'ALENE, Idaho, June 14 /PRNewswire-FirstCall/ -- In April 2007 Metalline Mining Company, through its Mexican subsidiary Minera Metalin, S.A de C.V., acquired the Dormidos concession covering an area of 2326.0953 hectares. The Dormidos concession is located about 4 km north of the town of Sierra Mojada, Coahuila, Mexico and it is contiguous with other concessions owned by Minera Metalin in the area.
Mineral occurrences in the Dormidos concession area are discussed under the heading of the Pena Blanca mineralized zone in a report on the Sierra Mojada map sheet, published in May 2004 by the CONSEJO DE RECURSOS MINERALES, an agency of the Mexican Government. The authors of the report, Ing. Magdaleno Hernandez Velazquez and Ing. Abelaid Loera Flores, describe lead, zinc, silver mineralization occurring in mantos and in karst-fillings in the limestone and consider them as analogous to Mississippi Valley type (MVT) ore deposits.
Our geologists have completed a first phase reconnaissance of the Dormidos concession area and examination of prospect pits and small mine workings in the area. Mineralized mantos and cave fillings (karst features) were observed. These range in thickness from less than a meter to about 2 meters. Results of sampling are given in the table below. The highest values observed are 321 gm/tonne Ag, 0.26% Cu, 22.5% Pb, and 36.72% Zn. These highest values do not occur in a single sample.
We will conduct follow-up on these interesting results as resources allow.
The sample numbers with G prefixes are character samples of rock chips of rocks considered to be interesting by our geologists. Samples with M prefixes are samples from rock stockpiles selected by historical prospectors. Samples with C prefixes are channel samples that are cut to a strict protocol to obtain a more reliable sample of the average rock composition. The length of channel samples is given in the table. All samples were analyzed in the Vancouver laboratory of ALS-Chemex. Four-acid digestion and analysis by atomic adsorption spectroscopy were used. Zinc values above 30% were confirmed by ALS-Chemex using volumetric methods of analysis.
ANALYTICAL RESULTS
gm/tonne % % % Length
SAMPLE Ag Cu Zn Pb meters
G2406120301 1 <0.01 0.07 0.06
C2406120302 <1 <0.01 0.09 0.07 1.72
G2406120401 79 <0.01 4.83 3.8
G2406120402 78 <0.01 17.2 7.91
G2406120403 24 <0.01 9.33 6.96
G2406120404 205 <0.01 19.05 4.39
C2406120405 41 <0.01 8.42 6.46 1.68
M2406120406 247 <0.01 2.01 9.25
M2406120407 321 <0.01 1.57 15.25
G2406120408 58 0.01 10.5 4.99
G2406120409 11 0.01 0.91 4.05
G2406120410 18 <0.01 3.11 3.51
G2406120411 75 0.01 2.12 6.48
G2406120412 35 <0.01 4.89 3.3
G2406120413 182 0.01 12.5 5.81
G2406120414 81 0.01 11.25 4.62
G2406120415 19 <0.01 1.58 2.5
G2406120416 30 <0.01 0.92 2
G2406120417 42 <0.01 6.78 1.47
G2406120418 307 <0.01 0.37 1.26
C2406120419 6 <0.01 1.52 0.48 1.72
C2406120420 27 <0.01 4 2.55 1.7
M2406120501 111 0.01 5.91 10.3
G2406120502 11 <0.01 5.92 2.52
G2406120503 13 <0.01 10.5 1.18
G2406120504 5 <0.01 3.74 2.17
M2406120505 5 <0.01 34.05 0.55
G2406120101 <1 <0.01 1.69 0.58
G2406120102 <1 <0.01 2.6 0.79
C2406120103 1 <0.01 2.04 0.74 1.7
G2406120104 1 <0.01 2.4 0.63
C2406120201 1 <0.01 1.71 1.33 1.67
C2406120202 9 0.01 7.42 5.71 1.73
C2406120203 12 0.01 6.28 4.13 1.72
C2406120204 1 0.01 1.12 2.12 1.7
C2406120205 7 0.02 3.06 2.41 1.69
C2406120206 9 0.01 7.74 2.68 1.7
C2406120207 2 0.01 0.79 1.68 1.73
C2406120208 5 <0.01 14.65 0.91 1.73
G2406120209 17 <0.01 12.55 4.15
M2406120210 48 0.01 5.57 7.9
G2406120211 6 0.01 5.71 1.6
G2406120601 <1 0.01 2.92 22.5
G2406120602 <1 0.02 4.2 18.7
G2406120603 <1 <0.01 0.62 9.67
G2406120604 2 <0.01 1.02 1.36
C2406120605 <1 <0.01 1.04 7.28 1.7
C2406120606 <1 <0.01 0.96 8.16 1.68
C2406120607 <1 <0.01 0.42 1.27 1.71
C2406120608 <1 <0.01 0.34 0.36 1.71
G2406120701 132 0.01 22.5 9.33
C2406120702 9 0.04 1.28 2.55 1.69
M2406120703 11 0.01 24.8 2.56
C2406120704 2 0.05 2.33 1.84 1.73
C2406120705 <1 0.01 1.53 1.11 1.7
C2406120706 89 0.03 1.95 13.4 1.72
C2406120707 4 0.01 10.05 1.41 1.71
C2406120708 2 0.02 1.92 1.64 1.71
M2406120709 6 0.01 36.72 1.32
G2406120710 3 0.02 3.3 2.08
G2406120711 2 0.26 7.19 1.65
C2406120712 6 0.05 2.32 4.53 1.69
G2406120713 12 <0.01 1.97 0.88
G2406120714 1 <0.01 1.36 0.81
C2406120715 3 <0.01 4.56 0.39 1.71
G2406120801 7 0.02 14.15 5.22
G2406120802 <1 0.01 2.2 2.43
M2406120803 3 0.13 4.31 9.19
M2406120804 <1 0.03 6.38 14.2
G2406120805 1 0.02 3.76 6.04
G2406120806 <1 <0.01 0.86 0.5
G2406120807 <1 <0.01 0.87 0.34
G2406120808 <1 <0.01 0.36 0.26
G2406120901 <1 <0.01 0.08 0.07
G2406120902 <1 <0.01 0.18 0.03
G2406121001 29 0.01 27.9 1.21
G2406121002 27 0.01 21.4 3.05
G2406121003 42 <0.01 29.2 1.56
C2406121004 40 <0.01 12.15 4.91 1.71
C2406121005 60 0.01 13.65 3.74 1.73
C2406121006 25 0.01 19.8 3.47 1.7
G2406121007 17 <0.01 17.65 1
M2406121008 11 <0.01 27.8 0.72
G2406121101 35 0.01 26.1 4.54
G2406121102 25 0.01 4.37 2.77
G2406121103 29 0.01 17.7 2.34
G2406121104 13 0.01 8.54 3.34
G2406121105 27 <0.01 6.3 3.57
C2406121106 24 <0.01 16.6 7.08 1.72
C2406121107 78 <0.01 17.25 8.26 1.7
G2406121108 11 0.01 9.47 3.14
G2406121201 9 <0.01 2.02 1.91
G2406121202 14 <0.01 3.96 2.1
C2406121203 6 <0.01 2.14 0.92 1.69
G2406121204 1 <0.01 0.5 0.33
G2406121205 1 <0.01 0.46 0.2
G2406121301 <1 <0.01 0.98 2.23
G2406121302 <1 <0.01 0.91 1.94
G2406121401 <1 <0.01 0.69 1.02
G2406121402 6 <0.01 3.52 0.78
G2406121403 20 0.01 6.25 2.47
G2406121404 11 0.01 3.2 4.21
G2406121405 11 <0.01 13.4 2.87
G2406121406 19 <0.01 3.29 2.66
C2406121407 63 <0.01 7.47 9.4 1.68
C2406121408 15 <0.01 2.59 4.4 1.7
G2406121409 5 <0.01 17.75 1.07
G2406121410 12 <0.01 4.68 0.59
G2406121411 19 <0.01 16.9 1.23
G2406121303 2 <0.01 0.87 0.27
Forward-Looking Statements
This news release contains forward-looking statements regarding future events and Metalline's future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). These statements are based on current expectations, estimates, forecasts, and projections about the industry in which Metalline operates and the beliefs and assumptions of Metalline's management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions, are intended to identify such forward-looking statements. In addition, any statements that refer to projections of Metalline's future financial performance, Metalline's anticipated growth and potentials in its business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict, including those identified elsewhere herein and Metalline's Annual Report on Form 10-KSB for the fiscal year ended October 31, 2006 under "Risk Factors." Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Metalline undertakes no obligation to revise or update any forward-looking statements for any reason.
SOURCE Metalline Mining Company
----------------------------------------------
Merlin Bingham of Metalline Mining Company
+1-208-665-2002
UTSI 5.88 UTStarcom Builds On Broadband Success in Europe With New Contract From Tiscali Italia
UTStarcom iAN8K to Support Delivery of Triple Play Services in Italy
Jun 14, 2007 9:00:00 AM
ALAMEDA, Calif., June 14 /PRNewswire-FirstCall/ -- UTStarcom, Inc. (Nasdaq: UTSI), a global leader in IP-based, end-to-end networking solutions and services, today announced a contract to supply its iAN8K(R) B1000 Multiservice Access Node / Gateway (MSAN / MSAG) to Tiscali Italia S.p.A., the Italian operation of Tiscali, one of the main European independent telecommunication companies. Tiscali Italia will deploy over 350,000 lines of UTStarcom's iAN8K(R) B1000 to support the delivery of high-speed data, voice over IP (VoIP) and IPTV services to all major markets in Italy.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051013/SFTH063LOGO )
"UTStarcom's iAN8K B1000 MSAN technology improves our network efficiency and management by enabling us to support the full range of multimedia services Tiscali offers its customers on a single, IP-based platform," said Andrea Podda, chief technology officer at Tiscali Italia. "UTStarcom's iAN8K solution also enables us to deliver VDSL and PON access. Additionally, UTStarcom showed great flexibility in customizing the solution and adapting their product's VoIP protocols to work seamlessly with our VoIP Class 5 softswitch and other existing elements installed in our network."
In July 2006, UTStarcom announced that it had deployed more than one million broadband access ports in Europe with carriers in France, Italy, Germany, Belgium, the Netherlands, the Czech Republic and Austria. Tiscali has been a broadband customer of UTStarcom's since 2004, when it selected UTStarcom's AN-2000(TM) IP DSLAM to serve as the cornerstone of its multiservice broadband network in delivering ADSL2+, a first for any operator in Italy.
"UTStarcom is a key provider of broadband access technologies to Tiscali Italia with more than 300,000 ports deployed to date," said Youssef Kassissia, UTStarcom's vice president of sales for the EMEA region. "This new contract will more than double our installed base in Tiscali's network, further proof of Tiscali's complete confidence in UTStarcom to provide reliable broadband access and VoIP solutions that integrate seamlessly into their network to help drive revenue-generating services."
About UTStarcom's iAN8K(R) B1000 Multiservice Access Node / Gateway
UTStarcom's iAN8K(R) B1000 MSAN is a multimedia network edge gateway supporting broadband and Voice over IP (VoIP) services on a single, unified platform that enables carriers to deploy IP- based services like high-speed Internet access, VoIP and IPTV multimedia services. The iAN8K was designed for highly efficient, converged service delivery across an evolving networking landscape. This solution expands the capacity and performance of narrowband, broadband and transport solutions. UTStarcom's wireline broadband product offering also includes NetRing MSTP optical transport platforms, an extensive FTTx portfolio, and the industry leading RollingStream(TM) IPTV and multimedia delivery system.
About Tiscali
Tiscali S.p.A. (Borsa Italiana, Milan: TIS) is one of the main independent European telecommunication companies. With one of the largest and most interconnected IP networks in the world, Tiscali is able to supply its customers, residential and business, with a full range of services: Internet access, both dial-up and ADSL, voice, VoIP, media, value added services (VAS), and other technologically advanced products.
As of 31st March 2007, Tiscali had 3.4 million active users in Italy and the UK. More than 1.9 million were ADSL customers, of which 700,000 received unbundled services.
Tiscali's corporate website can be found at http://www.tiscali.com.
About UTStarcom, Inc.
UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. The company develops, manufactures and markets its broadband, wireless, and terminal solutions to network operators in both emerging and established telecommunications markets worldwide. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks. UTStarcom was founded in 1991 and is headquartered in Alameda, California, the company has research and development centers in the USA, Canada, China, Korea and India. For more information about UTStarcom, visit the company's Web site at http://www.utstar.com.
Forward-Looking Statements
The foregoing statements regarding, without limitation, the anticipated expansion of the telecommunications provider's network in Italy using the Company's products, the anticipated growth in demand for services that utilize the Company's products, continued product development, product delivery and any unforeseen technical difficulties related to the installation and integration of the product in the provider's network are forward-looking in nature and are subject to risks, uncertainties and other factors that may cause actual results to differ materially. These factors include rapidly changing technology, the rapidly changing nature of the telecommunications market in Italy, possible delays in system deployments, possible delays in product transition and delivery, unforeseen technical difficulties in installation and operation, and other uncertainties such as changes in government regulation, licensing requirements, and economic and political stability in Italy. UTStarcom also refers readers to the risk factors identified in its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K as filed with the Securities and Exchange Commission.
SOURCE UTStarcom, Inc.
----------------------------------------------
Andy Tennille
Senior Manager
Public Relations of UTStarcom
Inc.
+1-510-814-4421
andy.tennille@utstar.com
JVA 3.95 Coffee Holding Co., Inc. Reports Second Quarter and Six Month Earnings
Jun 14, 2007 9:00:00 AM
BROOKLYN, NY -- (MARKETWIRE) -- 06/14/07 -- Coffee Holding Co., Inc. (AMEX: JVA) today announced its operating results for the three and six months ended April 30, 2007. In this release, the Company:
-- Reports sales growth of 18.2% for the quarter;
-- Reports a $623,122 increase in net income for the quarter; and
-- Reports net income of $0.06 per share for the quarter.
Net income equaled $338,888, or $.06 per share (basic and diluted), for the three months ended April 30, 2007 compared to a net loss of $284,234, or ($0.05) per share (basic and diluted), for the three months ended April 30, 2006. Net income equaled $648,592, or $.12 per share (basic and diluted), for the six months ended April 30, 2007 compared to net income of $235,404, or $0.04 per share (basic and diluted), for the six months ended April 30, 2006. The increase primarily reflects increased gross profit and was partially offset by increased operating expenses.
Net sales totaled $14,194,373 for the three months ended April 30, 2007, an increase of $2,183,445 or 18.2% from $12,010,928 for the three months ended April 30, 2006. Net sales totaled $26,829,485 for the six months ended April 30, 2007, an increase of $973,712 or 3.8% from $25,855,773 for the six months ended April 30, 2006. The increase in green coffee sales reflects higher sales of green coffee and private label coffee compared to the second quarter of fiscal year 2006.
"We are obviously pleased with our results for the quarter as operating margins returned to more historical levels. The price increases implemented at the beginning of 2007 were crucial in achieving these historical margins along with a favorable position in the green coffee markets were keys to a profitable quarter," said Andrew Gordon, President and Chief Executive Officer.
"I am always pleased when we are able to grow our business at the rate we have (18.8% for the quarter) while maintaining normal operating margins. In doing so, we continue to meet the challenges of an ever increasing volatile economic environment and we hope to keep to improving our margins while growing our sales over the balance of fiscal 2007. With some exciting new business on the West Coast as well as our first substantial business with our Joint Venture - Generations Coffee Co. to begin in the immediate future, we believe our goals will be achievable."
About Coffee Holding
Coffee Holding is a leading integrated wholesale coffee roaster and dealer in the United States and one of the few coffee companies that offers a broad array of coffee products across the entire spectrum of consumer tastes, preferences and price points. Coffee Holding has been a family operated business for three generations and has remained profitable through varying cycles in the coffee industry and the economy. The Company's private label and branded coffee products are sold through the United States, Canada and abroad to supermarkets, wholesalers, and individually owned and multi unit retail customers.
Any statements that are not historical facts contained in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.
COFFEE HOLDING CO., INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
APRIL 30, 2007 AND OCTOBER 31, 2006
April 30, October 31,
2007 2006
------------ ------------
(unaudited)
- ASSETS -
CURRENT ASSETS:
Cash $ 1,677,825 $ 1,112,165
Commodities held at broker 3,428,114 4,330,489
Accounts receivable, net of allowance for
doubtful accounts of $420,349 for 2007 and
2006 4,589,560 6,534,848
Inventories 3,938,672 2,899,543
Prepaid expenses and other current assets 744,693 328,544
Prepaid and refundable taxes 6,710 302,003
Deferred tax asset 452,000 221,000
------------ ------------
TOTAL CURRENT ASSETS 14,837,574 15,728,592
Property and equipment, at cost, net of
accumulated depreciation of $4,317,727 and
$4,159,274 for 2007 and 2006, respectively 2,458,544 2,138,951
Investment in joint venture 281,858 408,798
Due from joint venture, less reserve of $242,000
for 2007 220,030 73,658
Deposits and other assets 349,335 631,859
------------ ------------
TOTAL ASSETS $ 18,147,341 $ 18,981,858
============ ============
- LIABILITIES AND STOCKHOLDERS' EQUITY -
CURRENT LIABILITIES:
Accounts payable and accrued expenses $ 4,052,468 $ 4,828,689
Income taxes payable 74,707 -
Line of credit borrowings 1,703,952 2,542,881
------------ ------------
TOTAL CURRENT LIABILITIES 5,831,127 7,371,570
Deferred income tax liabilities 9,750 12,300
Deferred compensation payable 316,169 256,284
------------ ------------
TOTAL LIABILITIES 6,157,046 7,640,154
------------ ------------
MINORITY INTEREST - -
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Preferred stock, par value $.001 per share;
10,000,000 shares authorized; none issued - -
Common stock, par value $.001 per share;
30,000,000 shares authorized, 5,529,830
shares issued and outstanding for 2007 and
2006, respectively 5,530 5,530
Additional paid-in capital 7,327,023 7,327,023
Retained earnings 4,657,742 4,009,151
------------ ------------
TOTAL STOCKHOLDERS' EQUITY 11,990,295 11,341,704
------------ ------------
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,147,341 $ 18,981,858
============ ============
COFFEE HOLDING CO., INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
SIX AND THREE MONTHS ENDED APRIL 30, 2007 AND 2006
(Unaudited)
Six Months Ended Three Months Ended
April 30, April 30,
2007 2006 2007 2006
----------- ----------- ----------- -----------
NET SALES $26,829,485 $25,855,773 $14,194,373 $12,010,928
COST OF SALES 22,553,727 22,667,636 12,087,210 11,148,234
----------- ----------- ----------- -----------
GROSS PROFIT 4,275,758 3,188,137 2,107,163 862,964
----------- ----------- ----------- -----------
OPERATING EXPENSES:
Selling and
administrative 2,846,734 2,502,295 1,456,044 1,219,458
Writedown of amount due
from joint venture 242,000 - - -
Bad debt expense 31,195 - 31,195 -
Officers’ salaries 234,449 272,180 117,437 136,205
----------- ----------- ----------- -----------
TOTALS 3,354,378 2,774,475 1,604,676 1,355,663
----------- ----------- ----------- -----------
INCOME (LOSS) FROM
OPERATIONS 921,380 413,662 502,487 (492,969)
----------- ----------- ----------- -----------
OTHER INCOME (EXPENSE)
Interest income 66,576 57,289 32,460 26,723
Equity in loss of joint
venture (93,939) (5,322) (30,000) (5,322)
Writedown of investment
in joint venture (33,000) - - -
Management fee income 12,046 - - -
Interest expense (56,406) (38,225) (32,174) (22,766)
Impairment loss -
leasehold improvements (31,892) - (31,892) -
----------- ----------- ----------- -----------
(136,615) 13,742 (61,606) (1,365)
----------- ----------- ----------- -----------
INCOME (LOSS) BEFORE INCOME
TAXES AND MINORITY
INTEREST IN SUBSIDIARY 784,765 427,406 440,881 (494,334)
Benefit (provision) for
income taxes (140,050) (192,000) (102,200) 210,100
----------- ----------- ----------- -----------
INCOME (LOSS) BEFORE MINORITY
INTEREST 644,715 - 338,681 -
Minority interest in
subsidiary 3,877 - 207 -
----------- ----------- ----------- -----------
NET INCOME (LOSS) $ 648,592 $ 235,404 $ 338,888 $ (284,234)
=========== =========== =========== ===========
Basic and diluted earnings
(loss) per share $ .12 $ .04 $ .06 $ (.05)
=========== =========== =========== ===========
COFFEE HOLDING CO., INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
SIX MONTHS ENDED APRIL 30, 2007 AND 2006
(Unaudited)
2007 2006
----------- -----------
OPERATING ACTIVITIES:
Net income $ 648,592 $ 235,404
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 165,478 227,907
Writedown of amount due from joint
venture 242,000 -
Loss from joint venture 93,939 5,322
Writedown of investment in joint venture 33,000 -
Deferred taxes (233,550) 29,300
Impairment loss 31,892 -
Changes in operating assets and
liabilities:
Commodities held at broker 902,375 14,443
Accounts receivable 1,703,288 899,654
Inventories (1,039,129) 950,421
Prepaid expenses and other current
assets (416,149) (116,866)
Prepaid and refundable income taxes 295,293 (104,607)
Accounts payable and accrued expenses (776,221) (502,758)
Due from joint venture (146,372) -
Deposits and other assets 14,021 (19,675)
Income taxes payable 74,707 (217,064)
----------- -----------
Net cash provided by operating activities 1,593,164 1,401,485
----------- -----------
INVESTING ACTIVITIES:
Purchases of property and equipment (188,575) (113,756)
Security deposits - (2,500)
Investment in joint ventures - (450,501)
----------- -----------
Net cash (used in) investing activities (188,575) (566,757)
----------- -----------
FINANCING ACTIVITIES:
Advances under bank line of credit 23,967,150 20,737,183
Principal payments under bank line of credit (24,806,079) (20,920,638)
Principal payments of obligations under
capital leases - (1,329)
----------- -----------
Net cash (used in) financing activities (838,929) (184,784)
----------- -----------
NET INCREASE IN CASH 565,660 649,944
Cash, beginning of year 1,112,165 735,468
----------- -----------
CASH, END OF PERIOD $ 1,677,825 $ 1,385,412
=========== ===========
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:
Interest paid $ 43,351 $ 16,873
=========== ===========
Income taxes paid $ - $ 185,000
=========== ===========
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING
ACTIVITIES:
The Company utilized its deposit for the purchase
of machinery and equipment $ 328,388 -
=========== -----------
Contact:
Andrew Gordon
President & CEO
Telephone: (718) 832-0800
SGEN 9.82 Seattle Genetics Adds Industry Veterans John P. McLaughlin and Daniel G. Welch to its Board of Directors and Promotes Eric Dobmeier to Chief Business Officer
Jun 14, 2007 9:00:00 AM
Copyright Business Wire 2007
BOTHELL, Wash.--(BUSINESS WIRE)--
Seattle Genetics, Inc. (Nasdaq:SGEN) announced today that industry veterans John P. McLaughlin and Daniel G. Welch have joined its Board of Directors, together bringing over 50 years of commercial and operational leadership to the company. The company also announced that Eric L. Dobmeier has been promoted to the newly created position of Chief Business Officer.
"John's and Dan's extensive experience and successful track records will provide us with diverse and valuable operational, business development, legal and commercialization expertise," said Clay B. Siegall, Ph.D., President and Chief Executive Officer of Seattle Genetics. Commenting on the promotion of Eric Dobmeier to Chief Business Officer, Dr. Siegall added, "Under Eric's leadership and guidance, the scope and value of our corporate collaborations have increased significantly, underscored by our most recent deal with Genentech on SGN-40. He will continue to play a key leadership role on the management team to capitalize on our rich pipeline of clinical product candidates, development capabilities and earlier-stage assets."
Mr. McLaughlin is currently Chief Executive Officer of Anesiva, Inc., (formerly Corgentech), a biotechnology company developing therapies to treat pain. Before that, he was President of Tularik, which was acquired by Amgen in 2004, and was co-founder and Chairman of Eyetech Pharmaceuticals, which was acquired by OSI Pharmaceuticals in 2005. Prior to that, he spent a decade at Genentech in a number of senior management positions including Executive Vice President. Mr. McLaughlin earned a B.A. from the University of Notre Dame and a J.D. from the Catholic University of America.
Mr. Welch is currently Chief Executive Officer and President of InterMune, Inc., a biotechnology company focused on treatments for pulmonary and hepatic diseases. Before joining InterMune, he was Chairman and Chief Executive Officer of Triangle Pharmaceuticals, which was acquired by Gilead in 2003. Before that, he was President of Biopharmaceuticals at Elan Corporation. He also spent 13 years in various senior management roles at Sanofi-Synthelabo, now Sanofi-Aventis, and its successor companies. Mr. Welch holds a B.A. from the University of Miami and an M.B.A. from the University of North Carolina.
Mr. Dobmeier has been with Seattle Genetics for more than five years, serving most recently as Senior Vice President, Corporate Development. During his tenure, he has led negotiation and completion of multiple corporate alliances, including the company's worldwide license with Genentech for SGN-40, the in-license of SGN-33 from PDL BioPharma and antibody-drug conjugate (ADC) collaborations with CuraGen, Progenics, Bayer, MedImmune and Agensys. In addition to business development, Mr. Dobmeier oversees Seattle Genetics' legal, corporate communications, strategic marketing and project management groups. Mr. Dobmeier holds an undergraduate degree from Princeton University and a law degree from Boalt Hall School of Law, University of California, Berkeley.
About Seattle Genetics
Seattle Genetics is a biotechnology company developing monoclonal antibody-based therapies for the treatment of multiple types of cancer, including lymphoma, multiple myeloma, leukemia and solid tumors. The company has an exclusive worldwide license agreement with Genentech to develop and commercialize SGN-40. Seattle Genetics also has three proprietary programs in ongoing clinical trials: SGN-33, SGN-35 and SGN-30. In addition, the company has developed proprietary antibody-drug conjugate (ADC) technology comprised of highly potent synthetic drugs and stable linkers for attaching the drugs to monoclonal antibodies. Seattle Genetics has collaborations for its ADC technology with a number of leading biotechnology and pharmaceutical companies, including Genentech, Bayer, CuraGen, Progenics and MedImmune, as well as an ADC co-development agreement with Agensys. More information can be found at www.seattlegenetics.com.
Source: Seattle Genetics, Inc.
----------------------------------------------
Seattle Genetics
Inc.
Corporate Communications
Peggy Pinkston
425-527-4160
ppinkston@seagen.com
a true miracle..lol
THAT'S the shocking part to me....unreal.
RVME - Raven Moon Entertainment Inc Reverse Split History
Symbol Split Ratio Date
coming soon 1:4000
RMEI 1:4000 R/S 03/08/2007
RMNE 1:2000 R/S 12/15/2006
REVM 1:200 R/S 09/20/2006
RVMO 1:20 R/S 07/17/2006
RVMN 1:75 R/S 02/17/2006
RVNM 1:1000 R/S 07/15/2005
RMOO 1:50 R/S 07/10/2003
RMOO 1:10 R/S 06/30/1999
the first 4 or 5 were unbelieveable but i think now it's just "understood" that's how they do it...lol
thanks RJ!
6/14/2007 IGTS 1-100 R/S ** Intelligent Sports In.....IGTP
6/14/2007 UCNR 1-200 R/S ** Unicorn Restaurants Inc
6/14/2007 UCNR 1-200 R/S ** Unicorn Restaurants Inc Common Stock FTXN 1st Texas Natural Gas Company, Inc. Common Stock
6/14/2007 IGTS 1-100 R/S ** Intelligent Sports Inc Common Stock IGTP Intelligent Sports Inc New Common Stock
http://www.otcbb.com/asp/dailylist_detail.asp?d=06/13/2007&mkt_ctg=NON-OTCBB
6/14/2007 IGTS 1-100 R/S ** Intelligent Sports Inc Common Stock IGTP Intelligent Sports Inc New Common Stock
lol...sounds like another conflicting ruling.....which is it, 35 days or 6 months? they always leave room for a exceptions to help everyone in the business except the shareholders imo.
"35 days is outside date to close out fails. 6 months to eliminate all existing fails. Phase out period."
wow!! that's super news...congrats, steve :)
dreamer! lol
yep....shocking i say! LOL
SCYA 100M AS...dunno the OS
SCYA AS 100M..nice
ok..i see.
add PRDM to that list of recent power pumps.
interesting that it traded in pre market then kaboomo
sorry if u r in it.
great...thanks, stuffit :)
shazaaam! WAVO
LOL...me too
IRSN 1.49 Irvine Sensors Outlines Planned Roll-Out of 'Wide Word' Product Family
First High-Speed Board for Internet Security Applications Available Now
Jun 13, 2007 9:00:00 AM
COSTA MESA, Calif., June 13 /PRNewswire-FirstCall/ -- Irvine Sensors Corporation (Nasdaq: IRSN; Boston Stock Exchange: IRSN) today disclosed the approximate planned introduction schedule for a family of anticipated products being designed to take advantage of the Company's proprietary 3-D electronics to achieve wide word direct memory access, which enables parallel processing at very high speeds. To date, Irvine Sensors has received an aggregate of approximately $2.7 million in government funding to develop this technology for various applications related to hardware and software security of data communications and electronics systems. Irvine Sensors plans to introduce commercial versions of the products being developed for government applications as they meet appropriate demonstration and qualification milestones. The expected wide word product family will consist of components and systems designed to provide information security through data and situation awareness.
Irvine Sensors' initial commercial offering in the product family is a first generation processing board that performs very fast comparisons of data to known patterns of interest. Irvine Sensors today announced the availability of this product, which is named the EAGLE.1 Board(TM). Among other uses, the EAGLE.1 Board can implement Ternary Content Addressable Memory ("TCAM") and specialized firmware. TCAM is a memory technology that enables broad data searches in a very short, fixed time, which has numerous Internet applications such as intrusion detection and prevention, SPAM filtering and search engines. Irvine Sensors' EAGLE.1 Board can examine content of an Internet data stream at one (1) Gigabit per second ("Gbps"). Irvine Sensors believes that the EAGLE.1 Board may be the world's first commercially available product to achieve such operation at this speed. The Company is in active development of a second generation of this processing board under an existing government contract with the goal of achieving operations at speeds up to ten (10) Gbps, which is the present operating speed of network core routers and communication links. This second generation product will be referred to as the EAGLE.10 Board(TM). It is expected to be available in the fourth calendar quarter of this year. Irvine Sensors believes that the architecture of its EAGLE Boards is scalable to speeds well in excess of 10 Gbps and is seeking government sponsorship to achieve that goal. Such higher-speed performance is expected to permit real-time inspection and response to content of Internet data flow without impact to network throughput.
Irvine Sensors also has existing government funding to develop an ultra high speed stacked chip processing module designed to protect sensitive and high value electronic hardware and software from piracy and reverse engineering, which is another component of the firm's planned wide word information security product family. A commercial version of this processing module is expected to be available for introduction in the summer of 2008. In addition to the EAGLE processing boards and the processing module, Irvine Sensors' planned information security product family also is designed to include a high speed input/output board and a correspondingly high speed memory board. The integration of these boards with Irvine Sensors' 3-D electronics is expected to result in a wide word system that can provide high bandwidth, direct interconnections between processors and memory thereby eliminating the traditional speed bottlenecks imposed by use of memory buses. In addition to the data communications and security applications that are driving the government development of these technologies, Irvine Sensors believes that diverse commercial applications can also benefit from wide word systems, starting with such demanding fields as medical processing, real-time video processing and video games and supercomputers and eventually migrating into other high-performance electronics requiring processing with significant memory support. Irvine Sensors is presently seeking government sponsorship to pursue the development of the input/output and memory board components required for the integrated system.
Potential customers for Irvine Sensors' EAGLE.1 Board are urged to contact John Leon at jleon@irvine-sensors.com for further information regarding specifications, pricing and schedules.
Irvine Sensors Corporation (http://www.irvine-sensors.com), headquartered in Costa Mesa, California, is a vision systems company engaged in the development and sale of miniaturized infrared and electro-optical cameras, image processors and stacked chip assemblies, the manufacture and sale of optical systems and equipment for military applications through its Optex subsidiary and research and development related to high density electronics, miniaturized sensors, optical interconnection technology, high speed network security, image processing and low-power analog and mixed-signal integrated circuits for diverse systems applications.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This message may contain forward-looking statements based on our current expectations, estimates and projections about our industry, management's beliefs, and certain assumptions made by us. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will" and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, our expectations regarding our schedule and ability to meet the developmental challenges of our various contracts to develop components of, and the completion, integration and performance of, our planned wide word family of information security products. Such statements speak only as of the date hereof and are subject to change. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but are not limited to, our ability to develop, complete, introduce, market and transition to volume production new products and technologies addressing wide word direct memory access in a cost-effective and timely manner; our ability to successfully meet potential customers' delivery requirements and resolve any potential development or qualification challenges; the ability of our suppliers to meet our parts requirements; the pricing of key components of our EAGLE; the ability of our suppliers to meet our parts requirements; the pricing of key components of our EAGLE Boards or future related products from our suppliers, in particular the pricing necessary to address consumer markets; our success in achieving government contracts to fund additional elements of our integrated system design, government funding delays and spending priorities; and the general economic and political conditions and specific conditions that may impact potential markets for our products that incorporate our wide word technology. Further information on Irvine Sensors Corporation, including additional risk factors that may affect our forward looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K and our other SEC filings that are available through the SEC's website (http://www.sec.gov).
SOURCE Irvine Sensors Corporation
----------------------------------------------
investors
Irvine Sensors Corporation
+1-714-444-8718
investorrelations@irvine-sensors.com; or John Baldissera of BPC Financial Marketing
1-800-368-1217