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GWGO & it's Stock w/ a Capital S!
Hey already, enough with the Caps & PRs. Go dig some GOLD
or WHATEVER the New Line of Business is to be.
The Company is intending at this time to Aggressively Seek Damages and Injunctive Relief to Ban these Posters from Distributing False, Fraudulent and Misleading Information Designed to Damage the Company, its Shareholders and the
price of its Stock.
Dan: "I swear, things might get better!" eom
ASA by SSWC into Mass Comm
SpeechSwitch Deploying Auto Speech Attendant at East Coast Communications of Massachusetts
10/26/2005 6:25:01 AM
MATAWAN, N.J., Oct 26, 2005 (BUSINESS WIRE) -- SpeechSwitch, Inc. (SSWC), a leader in speech-recognition technology announced today that East Coast Communications of Massachusetts (ECCM) has installed a Speech Enabled Auto Attendant. SpeechSwitch, Inc. ("SpeechSwitch") previously was a wholly owned subsidiary of iVoice, Inc. (IVOC) prior to the spin-off from iVoice that was completed in August 2005 as a special stock dividend distribution to iVoice shareholders.
Integrated with analog connectivity on a Comdial PBX, East Coast Communications of Massachusetts (ECCM) has implemented a complete solution that includes the iVoice Speech Enabled Auto Attendant. The system facilitates easier communication for employees, customers, business partners and suppliers. It places people at ease by allowing callers to use their most natural form of communication -- their own voice -- to reach a specific person or department. By speaking a name, a caller can be promptly transferred to the appropriate number. Callers do not have to deal with cumbersome touch-tone menus and spell-by-name directories. We have installed the Speech Enabled Auto Attendant on our own system to introduce this to our valued clientele, said Stephen Rothwell, CEO of ECCM.
The iVoice Speech Enabled Auto Attendant is a complete cost-effective solution that works with existing phone systems and voice mail packages. Every department and employee is accessible from one local or long-distance phone number. The SEAA capabilities ensure that all calls reach their intended destinations at all times. We are receiving a lot of attention from progressive service oriented firms like ECCM and believe this is only the beginning of the move toward Speech recognition in small business, said Bruce Knef, CEO of SpeechSwitch, Inc.
About East Coast Communications of Massachusetts:
ECCM www.eccmllc.com is a full-service telecommunications-specific company with over 200 years combined experience. ECCM offers sales, service and maintenance of many types of telecommunications equipment. Whether you have a problem with an existing system or are ready to upgrade, ECCM is capable of solving all of your needs. At ECCM, customer satisfaction is our highest priority. That is why ECCM continues to service the same customers today as when it was started in 1984. ECCM provides both first-class telecommunications systems and skillful and knowledgeable personnel, but we also provide a peace of mind by guaranteeing our service to a level that no other company can deliver.
About SpeechSwitch, Inc:
SpeechSwitch, Inc (SSWC) www.speechswitch.com previously was a wholly owned subsidiary of iVoice, Inc. (IVOC) prior to the spin-off from iVoice that was completed in August 2005 as a special stock dividend distribution to iVoice shareholders. SpeechSwitch, Inc. was incorporated in New Jersey on November 10, 2004 as a wholly owned subsidiary of iVoice, Inc. It is engaged in the design, manufacture, and marketing of specialized telecommunication equipment. Our products use standard open-architecture PC platforms and Microsoft Windows 2000 operating systems, thereby facilitating the rapid adoption of new PC-based technologies while reducing overall product costs. We concentrate our product development efforts on software rather than hardware because we believe that the most efficient way to create product value is to emphasize software solutions that meet customers' needs. We have recently adapted our applications to integrate with different manufacturer telephone switches through the use of Telephony Application Program Interface or "TAPI". The use of TAPI, allows SpeechSwitch to integrate our applications into different telephone manufacturers Private Branch Exchange systems or "PBX's", eliminating the need for costly additional external hardware. We have traditionally used standard PC-related hardware components in our products, in part, to limit our need to manufacture components. Our manufacturing operations consist only of the installation of our proprietary software and, if required, a voiceboard, into a fully assembled PC system which we obtain from several different vendors. The Company obtains system components such as PCs, circuit boards, application cards, faxboards, and voiceboards from various suppliers. Our flagship product is our Speech-enabled Auto Attendant product. The Auto Attendant engages callers in a natural language dialog and is ready to transfer a caller to an extension for the party the caller is trying to reach at any time. Callers can interrupt the Auto Attendant at any time by barging in on the prompts and simply saying the name of the person or department they wish to speak to.
PRRM sickest sub bird eom
EAG in deal w/ WealthTV 4:45 pm
SAN DIEGO and HOUSTON, Oct 24, 2005 /PRNewswire via COMTEX/ -- WealthTV, the
premier lifestyle and entertainment network in high definition, today announced
that it has signed an affiliation agreement with Eagle Broadband (Amex: EAG) to
bring the network’s lifestyle and entertainment channel to IPTV viewers across
America via IPTVComplete™, the multi-channel, turnkey video solution for
service providers offered jointly by Eagle Broadband and France Telecom
subsidiary GlobeCast. Eagle Broadband will offer WealthTV in both digital and
high definition formats.
IPTVComplete is a turnkey video solution that reduces the time, effort and costs
for new and incumbent broadband providers looking to offer high-quality
entertainment services over their fiber or DSL broadband networks. The solution
provides a unique combination of video content, headend infrastructure,
satellite distribution and set-top boxes to offer a more profitable services
deployment model. Eagle Broadband’s video content, expertise delivering video
services and IP set-top boxes, along with GlobeCast’s superior satellite
distribution capabilities, provide everything broadband providers need to
deliver a robust bundle of video and interactive entertainment services.
“Eagle Broadband is proving that it is committed to providing an exciting and
robust high definition programming package to its viewers via its IPTVComplete
video solution,” stated Charles Herring, President of WealthTV. “WealthTV’s
broad appeal and ability to allow viewers to live the American dream now by
simply watching their TV, will deliver what IPTV subscribers are seeking and
dreaming of and in high definition.”
“Eagle’s IPTVComplete subscribers will now be able to enjoy WealthTV’s original
and compelling programming featuring shows on exotic travel to luxurious
lifestyles to programs on the latest medical advances, in standard digital and
crystal clear high definition,” stated Todd Daniels, vice president of IPTV
Solutions at Eagle Broadband. “We are excited to add WealthTV to our robust
channel line up of standard, high definition and on-demand programming.”
Eagle Broadband follows a number of successful WealthTV launches from myriad
cities from Los Angeles, California to Stanford, Maine carried by numerous MSOs,
including Charter Communications, Verizon, Armstrong, WOW, US Cable, Insight
Communications, Champion Broadband, Metrocast and many others. WealthTV features
a wide range of family-friendly, aspirational programs from exotic travel to
entertaining and educational shows all designed to have broad appeal.
Eagle Broadband and GlobeCast have previously announced that their IPTVComplete
video solution is being used by AllAccess Technologies and Home Town Cable for
multi-state roll-outs that include Texas, Ohio, Florida, Nevada, New York, and
New Jersey. WealthTV, which is currently enjoyed by IPTV subscribers in Texas on
Verizon’s FiOS system, will be part of Eagle and GlobeCast’s nationwide
IPTVComplete roll-out.
About WealthTV
WealthTV is the premier lifestyle and entertainment network—the destination
for exclusive and original programming, simultaneously transmitted in high
definition and standard definition. WealthTV delivers to viewers informative
shows that provide invaluable insights on what every American dreams of—from
travel secrets to fast cars, from better etiquette to better investing, and much
more. Televised 24 hours a day, seven days a week, viewers of WealthTV consider
themselves to be successful wherever they may be in life. The network fills a
television vacuum by delivering intellectually stimulating, thought-provoking
entertainment and always-unbiased news from an insider’s perspective. For more
information, please visit www.wealthtv.net.
About Eagle Broadband
Eagle Broadband is a leading provider of broadband, Internet Protocol (IP) and
communications technology and services that create new revenue opportunities for
broadband providers and enhance communications for government, military and
enterprise customers. Eagle leverages years of proven experience delivering
advanced IP-based broadband bundled services to provide service provider
partners with a way to deliver next-generation entertainment, communications and
security services to their subscribers. The company’s product offerings include
IPTVComplete™, the fastest, lowest cost way for broadband providers to
deliver the most competitive IP video services, the MediaPro line of HDTV-ready
IP set-top boxes that enable broadband providers and hotel operators to maximize
revenues by delivering state-of-the-art, interactive entertainment services and
the SatMAX™ satellite communications system that provides government,
military, homeland security and enterprise customers with reliable
non-line-of-sight voice and data communications from any location on Earth. The
company is headquartered in Houston, Texas. For more information, please visit
www.eaglebroadband.com or call 281-538-6000. (EAGG)
Forward-looking statements in this release regarding Eagle Broadband, Inc., and
WealthTV are made pursuant to the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties, including, without
limitation, continued acceptance of the company’s products, increased levels of
competition, new products and technological changes, the company’s dependence
upon third-party suppliers, intellectual property rights, and other risks
detailed from time to time in the company’s periodic reports filed with the
Securities and Exchange Commission.
PCCR RS Who next ICAN IVOC PRRM NEXM so many eom
PCCR RS smelling a little PRRM here eom
CMKM closes, who next? hmmm eom
littlejohn EAG saw that too
Saw story on another channel. The guy using one had a large
black brick style one with a short thick antenna.
No specifics there either. Just warning that this time
officials weren't taking any changes.
PS watching XPNG. Had a mention within another Co's PR
this am -- GTHA
Hoping for MOGI too. Lately news/PRs not helping subs in
the way used to. Could change tho. best of luck
Dan didn't end up at Scores like SVVS eom
PRRM cures the Dollar Flu eom
U.K. imported parrot had boid flu! eom
Next week right, right? eom
AMMI helped by Congress passed Gun Law?
Congress OKs Gun Industry Lawsuit Shield By LAURIE KELLMAN, Associated Press Writer
37 minutes ago
WASHINGTON - Congress gave the gun lobby its top legislative priority Thursday, passing a bill protecting the firearms industry from massive crime-victim lawsuits. President Bush said he will sign it.
"Our laws should punish criminals who use guns to commit crimes, not law-abiding manufacturers of lawful products," Bush said in a statement.
The House voted 283-144 to send the bill to the president after supporters, led by the National Rifle Association, proclaimed it vital to protect the industry from being bankrupted by huge jury awards. Opponents, waging a tough battle against growing public support for the legislation, called it proof of the gun lobby's power over the Republican-controlled Congress.
"This legislation will make the unregulated gun industry the most pampered industry in America," said Kristen Rand, director of the Violence Policy Center.
Under the measure, as many as 20 pending lawsuits by local governments against the industry would be dismissed. The Senate passed the bill in July.
The bill's passage was the NRA's top legislative priority and would give Bush and his Republican allies on Capitol Hill a rare victory at a time when some top GOP leaders are under indictment or investigation.
"Lawsuits seeking to hold the firearms industry responsible for the criminal and unlawful use of its products are brazen attempts to accomplish through litigation what has not been achieved by legislation and the democratic process," House Judiciary Committee Chairman James Sensenbrenner, R-Wis., told his colleagues.
Former House Majority Leader Tom DeLay, R-Texas, did not vote. He is in Texas in connection with his indictment in an alleged scheme to violate state election law.
Propelled by GOP election gains and the incidents of lawlessness associated with the passing of Hurricane Katrina, support for the bill has grown since a similar measure passed the House last year and was killed in the Senate.
Horrific images of people without the protection of public safety in New Orleans made a particular impression on viewers who had never before felt unsafe, according to the gun lobby.
"Americans saw a complete collapse of the government's ability to protect them," said Wayne LaPierre, the NRA's executive vice president.
"That burnt in, those pictures of people standing there defending their lives and defending their property and their family," he added, "where the one source of comfort was a firearm."
With support from four new Republicans this session of Congress, the bill passed the Senate for the first time in July. House passage never was in doubt because it had 257 co-sponsors, far more than the 218 needed to pass.
The bill's authors say it still would allow civil suits against individual parties who have been found guilty of criminal wrongdoing by the courts.
Opponents say the strength of the bill's support is testament to the influence of the gun lobby. If the bill had been law when the relatives of six victims of convicted Washington-area snipers John Allen Muhammad and Lee Boyd Malvo sued the gun dealer from which they obtained their rifle, the dealer would not have agreed to pay the families and victims $2.5 million.
"It is shameful that Republicans in Congress are pushing legislation that guarantees their gun-dealing cronies receive special treatment and are above the law," said Rep. Robert Wexler (news, bio, voting record), D-Calif.
Bush has said he supports the bill, which would prohibit lawsuits against the firearms industry for damages resulting from the unlawful use of a firearm or ammunition. Gun makers and dealers still would be subject to product liability, negligence or breach of contract suits, the bill's authors say.
Democrats and Republicans alike court the NRA at election time, and the bill has garnered bipartisan support. But the firearms industry still gave 88 percent of its campaign contributions, or $1.2 million, to Republicans in the 2004 election cycle.
Gun control advocates, meanwhile, gave 98 percent of their contributions, or $93,700, to Democrats that cycle, according to the Center for Responsive Politics.
___
The bill is S. 397.
___
On the Net:
Congress: http://thomas.loc.gov
CWFG better .0001 play News today eom
CWFG me also Go Go eom
Philly Fed Oct up Inflation too
Philly Fed--factories recover in Oct, prices surge
Thu Oct 20, 2005 12:10 PM ET
NEW YORK, Oct 20 (Reuters) - Factory activity in the U.S. Mid-Atlantic region recovered in October from a post-Katrina slump as new orders jumped, but a key inflation measure spiked to its highest in 25 years, a survey showed on Thursday.
The Philadelphia Federal Reserve Bank said its business activity index rebounded to 17.3 in October from 2.2 in September, well above economists' median forecast for a rise to 10.0.
Any reading above zero points to growth in the region's manufacturing sector.
Activity had nearly stalled in September in the aftermath of the hurricane, while costs doubled as energy prices rose.
But in October, prices continued to surge higher, with the key prices paid index jumping to 67.6 from 52.7. That was the highest reading since November 1980, according to the Philadelphia Fed.
A key indicator of future growth, the new orders index, jumped in October to 18.6 after a minus 0.5 reading in September. The employment index also rose sharply, to 17.0 from 2.7 in September.
The regional survey is one of the first indicators of U.S. manufacturing every month and is often used to gauge the overall state of factories nationwide.
© Reuters 2005. All Rights Reserved.
MOGI.pk 0.17 PR nice results
News for 'MOGI' - (Montana Oil and Gas Inc. Reports on Alberta, Canada Operations)
VANCOUVER, British Columbia, Oct 20, 2005 (PRIMEZONE via COMTEX) -- Montana Oil
and Gas (Pink Sheets:MOGI) is pleased to report that the 1-5-60-25W4M Westlock
well -- that was completed and tied into a sales line in May -- continues to
produce strong revenues for the company. The Westlock well thus far has produced
163.8, 271, 104.2, and 129.38 E3M3 (convert to MMCF 0.035494) from May to August
inclusive. Volumes for September and October will be announced upon receiving
the appropriate data from our operator. All appropriate royalties,
transportation and operating costs have been factored in and taken off by the
operator. Peter Sanders noted, "The huge rise in natural gas prices of late will
benefit the company and its shareholders in terms of future revenues and
immediate cash flows."
The Sylvan Lake 6-3-38-3W5M well, has been drilled to 7200 feet and has been
cased as a potential Pekisko oil well and potential Shunda gas well. The
operator is now conducting pre-production tests and is measuring pressures in
the bore hole. The operators have informed Montana Oil and Gas, that details of
the Sylvan Lake completion are expected in the last part of October or early
part of November.
The company also reports that negotiations are taking place regarding a large
farm-in plan in the state of Montana with two key joint venture partners. The
company is also pleased to report to its shareholders that talks have begun
regarding a non-conventional energy project in Mongolia. Details of both
projects will be made public shortly.
Safe Harbour statement under the Private Securities Litigation Reform Act of
1995: Except for historical information contained herein, the matters discussed
in this press release are forward-looking statements that involve risks and
uncertainties, including but not limited to economic, competitive, governmental
and technological factors effecting the company's operations, markets, products
and prices and other factors discussed in the company's various filings with the
Securities and Exchange Commission.
The Montana Oil & Gas, Inc. company logo is available at:
http://www.primezone.com/newsroom/prs/?pkgid=1119
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Montana Oil & Gas, Inc.
Big Apple website still up
Even has a Katrina link! LOL Wilma may blow Longwood
Florida clear across into the Atlantic.
http://www.bigapplewallcovering.com
Seriously tho, they may have just quit supporting the .PK
part in plans for a new symbol per PR awhile back.
Just never know with these POS. See RVMN today! 100%
RFXCQ.pk added $1.30
SECURITY ADDITIONS
Updated Symbol Company Name Effective Date/Comments
10:21 RFXCQ Refco Inc. Refco Inc. Common Stock 10/18/2005 From NYSE (RFX
Wilma is a 'cane now eom
EAG Satellite Systems contract $0.18
News for 'EAG' - (*DJ Eagle Broadband Awarded Satellite Systems Contract)
(MORE TO FOLLOW) Dow Jones Newswires
October 18, 2005 10:22 ET (14:22 GMT)
Copyright (c) 2005 Dow Jones & Company, Inc.- - 10 22 AM EDT 10-18-05
Refco & Hillary's '87 cattle 'trade'
from Online Trading Academy newsletter
How you can hide almost a half a billion in losses when going through a public offering is mind-boggling. Refco has had a long history of problems. Most never make the light of day, but there is one that you might recall.
This is the same firm that hid the transfer of $100,000 to the account of the wife of an obscure governor in Arkansas under the guise of trading cattle futures from information in the Wall Street Journal. The fact that Robert "Red" Bone was the broker for the general counsel of Tyson Foods was just a coincidence, I am sure. Hillary Rodham Clinton was allowed to order 10 cattle futures contracts, normally a $12,000 investment, in her first commodity trade in 1978 although she had only $1,000 in her account at the time. (Someone put cash in the account. Go figure.) And it gets murkier. Bottom line Refco was fined $250,000 for trading practices in cattle futures during that period, then the largest fine ever by the Chicago Mercantile Exchange.
As an aside, Senator Clinton is the only human being in the history of the trading world who could successfully turn $1,000 into $100,000 in a few months and then walk away and never execute another trade. I guess it was just too easy for her and she needed bigger challenges.
Days Inn are money makers 2 by me Man'h
The two on West Side Man'h are overflowing.
Soccer fatwa - how goofy
Op-Ed Contributor
God Is in the Rules
By GEOFF D. PORTER NY Times
Published: October 16, 2005
Fatwas, the legal opinions proclaimed by Islamic scholars, have proliferated in the Muslim world since the 1980's, driven by rising literacy rates and the Internet. The growth in fatwas - some of them contradictory - has led to a debate over who can legitimately issue them and has alarmed governments in the Middle East, since the decrees sometimes challenge state-sanctioned interpretations of Islam.
SHARIA ON THE FIELD The page from the Web site of the Saudi newspaper Al Watan with the soccer fatwa.
Yet criticizing fatwas about divisive issues like the propriety of killing civilians and Shiites can be dangerous for officials. So the Saudi government is trying a different tactic, zeroing in on what it considers frivolous fatwas in order to rally support for tougher measures on who can and who cannot issue opinions. Recently, Al Watan, a semiofficial Saudi daily newspaper, reported that a young athlete had joined the jihad in Iraq under the influence of a fatwa forbidding playing soccer by regular rules. The newspaper also republished the fatwa, said to have originally appeared on an Islamic Web site. Portions of the fatwa, which I translated from the Arabic, follow.
- GEOFF D. PORTER
IN the name of God the merciful and benevolent:
1. Play soccer without four lines because this is a fabrication of the heretics' international rules that stipulate using them and delineating them before playing.
2. International terminology that heretics and polytheists use, like "foul," "penalty," "corner," "goal," "out" and others, should be abandoned and not said. Whoever says them should be punished, reprimanded and ejected from the game. He should be publicly told, "You have imitated the heretics and polytheists and this is forbidden."
3. Do not call "foul" and stop the game if someone falls and sprains a hand or foot or the ball touches his hand, and do not give a yellow or red card to whoever was responsible for the injury or tackle. Instead, it should be adjudicated according to Sharia rulings concerning broken bones and injuries. The injured player should exercise his Sharia rights according to the Koran and you must bear witness with him that so-and-so hurt him on purpose.
4. Do not follow the heretics, the Jews, the Christians and especially evil America regarding the number of players. Do not play with 11 people. Instead, add to this number or decrease it.
5. Play in your regular clothes or your pajamas or something like that, but not colored shorts and numbered T-shirts, because shorts and T-shirts are not Muslim clothing. Rather they are heretical and Western clothing, so beware of imitating their fashion.
6. If you have fulfilled these conditions and intend to play soccer, play to strengthen the body in order to better struggle in the way of God on high and to prepare the body for when it is called to jihad. Soccer is not for passing time or the thrill of so-called victory.
7. Do not set the time of play at 45 minutes, which is the official time of the Jews, Christians and all the heretical and atheist countries. This is the time used by teams that have strayed from the righteous path. You are obliged to distinguish yourself from the heretics and the corrupted and must not resemble them in anything.
6. Do not play in two halves. Rather play in one half or three halves in order to completely differentiate yourselves from the heretics, the polytheists, the corrupted and the disobedient.
9. If neither of you beats the other, or "wins" as it is called, and neither puts the leather between the posts, do not add extra time or penalties until someone wins. No, instead leave the field, because winning with overtime and penalty kicks is the pinnacle of imitating heretics and international rules.
10. If you play soccer, do not appoint someone to follow you called a "referee," since there is no need for him after doing away with international rules like "foul," "penalty," "corner" and others. His presence would be in imitation of the heretics, Jews and Christians and would follow international rules.
11. Young crowds should not gather to watch when you play because if you are there for the sake of sports and strengthening your bodies as you claimed, why would people watch you? You should make them join your physical fitness and jihad preparation, or you should say: "Go proselytize and seek out morally reprehensible acts in the markets and the press and leave us to our physical fitness."
12. If you finish playing soccer, do not talk about your game and say, "We were better than the opponent," or "So-and-so plays well" and so on. Instead be concerned with your bodies and their strength and muscles, and say, "We played only to drill in running, attacking and retreating, and to prepare for jihad in the name of God on high."
13. You should spit in the face of whoever puts the ball between the posts or uprights and then runs in order to get his friends to follow him and hug him like players in America or France do, and you should punish and reprimand him, for what is the relationship between celebrating, hugging and kissing and the sports that you are practicing?
14. You should use two posts instead of three pieces of wood or steel that you erect in order to put the ball between them, meaning that you should remove the crossbar in order not to imitate the heretics and in order to be entirely distinct from the soccer system's despotic international rules.
15. Do not do what is called "substitution," that is, taking the place of someone who has fallen, because this is a practice of the heretics in America and elsewhere.
These are some conditions and precepts so that morally aware youth do not inadvertently imitate heretics and polytheists when playing soccer ... Hell awaits those who die playing soccer according to rules established by heretical countries, at the head of which is America.
Geoff D. Porter directs Middle East and North Africa analysis at a political risk consulting firm.
Bottombusters is a fave too! eom
Thanks for Skinny SCAN 1 Excellent eom
Capt, SEC chair on "financial fraud"
PS nice scans earlier! And did you see these yowers?!
http://www.investorshub.com/boards/read_msg.asp?message_id=8138298
SEC's Cox pledges swift action on any U.S. fraud
Sun Oct 16, 2005 03:36 AM ET
XIANGHE, China, Oct 16 (Reuters) - The chairman of the U.S. Securities and Exchange Commission, Christopher Cox, on Sunday pledged swift action against U.S. financial fraud but declined direct comment on teetering broker Refco Inc. (RFX.N: Quote, Profile, Research)
On Wednesday the futures and commodities trading firm's chairman, Phillip Bennett, was charged with securities fraud and the company now is on the verge of collapse.
Cox was asked about Refco at a press conference just prior to the beginning of meetings of the U.S.-China Joint Economic Commission, where he will urge Chinese authorities to beef up their securities laws and crack down on fraud.
He said that, because the SEC "has an enforcement interest", he could not comment but responded to a question about potential systemic risks from fraud.
"There is always the possibility of broader effects from individual cases," Cox said. "That is why the SEC maintains a special unit for the purpose of looking over the horizon and around the corners to discover whether or not such risks are materialising."
As a result, he said, "financial fraud, which will never be expunged from our experience, will be arrested more quickly and punished more swiftly than ever before in the United States."
Cox said the initial public offering of stock by China Commercial Bank (0939.HK: Quote, Profile, Research) [CCB.UL], launched on Friday, was bound to be a short-run success but questioned why it had not sought a listing on the New York Stock Exchange.
"I think the answer is because it couldn't meet the NYSE regulatory requirements," he said. "As a result, some of the questions that are being asked ... about the health of CCB's balance sheet, about management, about what percentage of its loans will become non-performing loom large and the question is where will it be in a year."
Cox said it would be "a good thing for Chinese companies" if they listed on U.S. stock exchanges, which he said "represent the gold standard" for companies seeking to sell their stock to the public.
"It would send a powerful signal not only to American investors but to investors around the world," Cox said, adding that he looked forward to Chinese companies "spending the time and energy and resources necessary to meet those higher regulatory requirements in the United States."
© Reuters 2005. All Rights Reserved.
NNOS RS 1:20
News for 'NNOS' - (NanoSignal Corp. Authorizes a 20-1 Reverse Split)
LAS VEGAS, Oct 14, 2005 (BUSINESS WIRE) -- NanoSignal Corp. Inc.'s (OTC: NNOS)
board of directors have authorized a 20-for-1 reverse split of its corporate stock. Before the split, there were 2,753,757,078 shares of all classes of stock. After the reverse there are 183,087,853 shares of all classes of stock.
All shares were reversed by the 20-for-1 factor except for 24 million shares of common stock that were exempted from the reverse. These shares were exempted by the board of directors at a meeting held on Sept. 21, 2005. The board determined the reverse was needed to address the significant suspected short position in the stock. With the reverse, a new CUSIP number will be obtained. The board authorized the president to explore finding a transfer agent and new auditor in Nevada, as well. The reverse of the stock is needed to attract capital to the company to complete its Slices(TM) technology.
no shame hedge fund "would go to jail"
By LANDON THOMAS Jr. and JENNY ANDERSON
Published: October 14, 2005
Federal regulators filed suit against a hedge fund yesterday, claiming that its manager deceived his investors by not disclosing his high concentration in a rapidly sinking stock.
The suit was filed against Wood River Capital Management and its manager, John H. Whittier. According to the suit, filed by the Securities and Exchange Commission, Mr. Whittier did not disclose to investors that he had at one point as much as 98 percent of one of his funds invested in a speculative stock with no recent history of profitability.
A graduate of the University of California, Berkeley, Mr. Whittier, 38, spent his 20's as a banker at Donaldson Lufkin & Jenrette. He left the bank to manage his family's money, marketing materials indicate.
Athletic and outdoorsy, Mr. Whittier set up an office in Ketchum, Idaho, as well as one in San Francisco. Materials for the fund say the name Wood River comes from an area founded in the 1880's by "fortune hunters" exploring Idaho's mining industry.
According to the complaint, Mr. Whittier raised millions of dollars from individuals to invest in his hedge funds, which at one point had $265 million under management.
Despite promises in his marketing material that he would invest no more than 10 percent of his portfolio in any one position, last June he had as much as 68 percent of one of his funds, Wood River Partners, invested in Endwave, a manufacturer of radio frequency modules for the telecommunications and defense industries. Peaking at $54 in June, the stock closed at $12.69 yesterday.
In addition to not disclosing the size of his stake, Mr. Whittier incorrectly informed his investors in his marketing materials that his funds were audited by a company called American Express Tax and Business Services, according to the suit. The firm does not itself perform audits, and it never delivered independent audits of Wood River's financial statements, the complaint says.
According to the complaint, Mr. Whittier, a former media and communications analyst, repeatedly told investors that he would invest in popular names like Time Warner and Comcast. Instead, he seemed to have a peculiar interest in Endwave, a little known company that has reported losses for the last three years. Mr. Whittier's stake was so large that it made up as much as 45 percent of Endwave's shares outstanding, surpassing the 5 percent threshold that requires the fund to notify regulators, which it did not do.
"There was no effective oversight of the investment manager and no effective control or checks on his actions," said Peter Bresnan, associate director in the enforcement division at the Securities and Exchange Commission.
Elliot Peters, a lawyer representing Mr. Whittier, did not return calls seeking comment.
Early last summer, an investor asked for the return of $49 million by August. In September, Mr. Whittier told his client representatives at BNP Paribas that he did not have the funds available for payment, according to the complaint, claiming all the same that he had a "diversified portfolio of assets."
Pressed by his suspicious investor, he conceded that "there were concentrated positions." He would not disclose his positions, however, the complaint says, claiming that he "wanted to prevent total chaos from happening." At one point he told a client that if he had to sell his holding he "would go to jail," according to the complaint. He told his investors in late September that he still had $234 million under management, though he still would not reveal his holdings.
But the calls from worried investors kept coming in and Mr. Whittier tried to keep his head above water, promising one client to repay him with new investments. Mr. Whittier told officials at the S.E.C. last week of his large position in Endwave, according to the complaint.
"dump" 77 million pages Tyco case LOL
Controversy Grows Over Boies Firm, Document Company
Anthony Lin
New York Law Journal
10-10-2005
Securities class action plaintiffs suing Tyco International Ltd. have added to the controversy surrounding Boies, Schiller & Flexner and a document production company by accusing Boies Schiller client Tyco of using the company to "dump" 77 million pages of mostly unresponsive discovery documents on them within the last few months.
But the latest complaints also have put an earlier critic in an odd position. Cravath, Swaine & Moore, one of whose partners recently called the use of the document company, Amici, a "disaster" in another matter, is co-counsel to Tyco with Boies Schiller. Armonk, N.Y.-based Boies Schiller was co-founded by star litigator David Boies.
Amici has attracted controversy because the company, which places documents in electronic databases to be used by parties in discovery, is partly owned by four of Boies' children, three of whom are lawyers at his firm. The alleged conflict of interest created by the connection and the firm's failure to disclose it were cited by former Boies Schiller client Adelphia Communications in its August request that the firm resign as its counsel.
In documents filed Friday in federal court in New Hampshire, plaintiffs represented by Milberg, Weiss, Bershad & Schulman, called Tyco's discovery conduct sanctionable and said the "egregiousness of Tyco's document dump is further compounded by the previously undisclosed relationship between the family of [senior Boies Schiller partner] David Boies and Amici."
The plaintiffs also complained about the expense of using Amici, estimating the ultimate cost of obtaining documents from Tyco would be close to $4 million, of which they claimed $3.3 million would go to Amici.
The filings, which include the plaintiff's agenda for a discovery conference scheduled for Tuesday, in many ways echo a letter written last month by Cravath partner Max Shulman, who is representing accounting firm Deloitte & Touche in litigation adverse to Adelphia.
On Sept. 6, Shulman wrote Southern District Bankruptcy Judge Robert Gerber, who is overseeing Adelphia's Chapter 11 bankruptcy, to similarly complain about his client being "vastly overcharged" by Amici. He said the charges included those associated with "hundreds of thousands (perhaps even millions) of pages of useless, irrelevant documents that Boies Schiller has dumped onto Amici."
Shulman also called Amici's service "substandard" and said it was "particularly irritating" that members of the Boies family were enriched by the company.
In response to Shulman's letter, Boies Schiller partner Philip Korologos wrote to Judge Gerber that Shulman was engaging in a "smear campaign" designed to draw attention from his weak case.
But the Tyco securities plaintiffs, using the Cravath partner's words against his firm, said, "Mr. Shulman's letter may again be prophetic in this case."
In a Sept. 29 letter to Milberg Weiss partner Paul Young, Cravath partner Stephen Madsen rejected the Tyco plaintiffs' discovery complaints. He said the large production resulted from the breadth of the plaintiffs' own discovery requests. He also said the database of documents was easily searchable.
Madsen also defended the cost structure of the document production as appropriate and said Tyco had gone "out of its way" to satisfy the plaintiffs in the discovery process.
"In light of Tyco's efforts, you do not have any reasonable basis for complaining," he wrote.
Supreme Court upholds S-O on severance
Supreme Court Rejects Executives’ Appeal of SEC’s Pay Freeze Order
AccountingWEB.com - Oct-13-2005 - The U.S. Supreme Court on Tuesday let stand a lower court ruling against two former Gemstar-TV Guide International, Inc. executives, allowing the Securities and Exchange Commission (SEC) to freeze their severance payments under a provision of the Sarbanes Oxley Act of 2002. The SEC, which is investigating accounting fraud at Gemstar, the owner of TV Guide, froze termination payments of $37 million to former Gemstar Chief Henry Yuen and top finance executive Elsie Leung while the investigation is pending, the Associated Press reported.
The SEC has accused the two former executives of inflating Gemstar’s revenue by at least $223 million, according to the Los Angeles Business Journal.
The SEC received a court order to block the severance payments in May 2003, the Business Journal reported. A panel of the 9th Circuit Court of Appeals reversed the order, but the full court later agreed to rehear the case and overturned the panel’s ruling.
Yuen and Leung appealed the case to the Supreme Court claiming that their termination payments did not meet the “extraordinary payments” standard set by the Sarbanes-Oxley law. Their attorneys also said that the SEC had used a “strained and erroneous interpretation,” according to the AP.
U.S. Solicitor General Paul Clement said in his Supreme Court filing that the appeals court ruling was consistent with the intent of Congress when it passed the Act, the AP reported.
Mr. Yuen reached an agreement with the Justice Department in a deal where he will plead guilty to a felony charge of obstructing a regulatory investigation into accounting irregularities, the AP reported earlier this month. Gemstar has filed objections to the plea agreement, and the agreement is under review by a federal judge.
Mr. Yuen and Ms. Leung still face civil charges and the AP reports that a trial has been scheduled in a California federal court in December.
TD Ameritrade update letter
Our acquisition of the U.S. brokerage business of TD Waterhouse is proceeding right on track. As we bring our two companies together to create TD Ameritrade, we'll be bringing you an expanded investing and trading experience, with a comprehensive suite of financial services and easier access to all of the markets' potential. Soon, as a client of TD Ameritrade, you'll have even more of the tools, choices and resources you need to help you spot and seize market opportunities.
Here's the latest news.
We filed our preliminary proxy statement with the Securities and Exchange Commission on September 12, 2005 and are in the process of satisfying all other necessary regulatory filings and legal requirements. With everything progressing as planned, we expect the transaction to close by early 2006. At that time, we will be able to share with you our specific plans for TD Ameritrade. Right now, please continue to use your accounts and services just as you always have. We will continue to keep you informed of our progress and post updates on our Web site.
Thank you for your business. We value your loyalty and your input, and look forward to bringing you the future of trading and investing very soon.
Sincerely,
Joe Moglia
Chief Executive Officer
Ameritrade Holding Corporation
Additional Information and Where to Find It
In connection with the proposed transaction, Ameritrade filed a preliminary proxy statement concerning the transaction with the Securities and Exchange Commission ("SEC") on September 12, 2005. Ameritrade will also file a definitive proxy statement and relevant documents with the SEC in connection with the proposed transaction. SECURITY HOLDERS OF AMERITRADE ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders can obtain free copies of the definitive proxy statement and other documents when they become available by contacting Investor Relations at www.amtd.com, or by mail at Ameritrade Investor Relations, 4211 S. 102 Street, Omaha, NE 68127, or by Telephone: 800-237-8692. In addition, documents filed with the SEC by Ameritrade are available free of charge at the SEC's web site at www.sec.gov.
Ameritrade Holding Corporation, The Toronto-Dominion Bank, and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Ameritrade in connection with the proposed transaction. Information regarding the special interests of these directors and executive officers in the proposed transaction is included in the preliminary proxy statement of Ameritrade described above. This document is available free of charge at the SEC's web site at www.sec.gov and from Investor Relations at Ameritrade as described above. Information regarding The Toronto-Dominion Bank's directors and executive officers is available in its Annual Report on Form 40-F for the year ended October 31, 2004, which was filed with the SEC on December 13, 2004, and in its notice of annual meeting and proxy circular for its 2005 annual meeting, which was filed with the SEC on February 17, 2005. These documents are available free of charge at the SEC's web site at www.sec.gov.
Ameritrade, Inc., member NASD / SIPC is a subsidiary of Ameritrade Holding Corporation.
Ameritrade and logo are a registered trademark and trademarks of Ameritrade IP Company, Inc. Used with permission. Copyright 2005 Ameritrade IP Company. All rights reserved.
Distributed by: Ameritrade, Inc., 1005 North Ameritrade Place, Bellevue, NE 68005
ECGI pounded lately $1.83 eom
SEC Subpoenas Frist
SEC Issues Subpoena To Frist, Sources Say
Records Sought On Sale of Stock
By Carrie Johnson and Jeffrey H. Birnbaum
Washington Post Staff Writers
Thursday, October 13, 2005; Page A01
Senate Majority Leader Bill Frist (R-Tenn.) has been subpoenaed to turn over personal records and documents as federal authorities step up a probe of his July sales of HCA Inc. stock, according to sources familiar with the investigation.
The Securities and Exchange Commission issued the subpoena within the past two weeks, after initial reports that Frist, the Senate's top Republican official, was under scrutiny by the agency and the Justice Department for possible violations of insider trading laws.
Frist aides previously said he had been contacted by regulators but did not mention that the lawmaker had received a formal request for documents. The sources, who spoke on condition of anonymity because of the investigation, said Frist is expected to testify under oath about what he knew about the company's health in the weeks before he sold stock. Frist has told reporters that he did nothing wrong and that he directed the sale to eliminate potential conflicts as he considered a 2008 presidential bid.
The formal request for documents usually presages an acceleration of a federal probe. In Frist's case, regulators had to proceed with caution due to his status in Congress and their mutual desire to avoid triggering constitutional objections to the release of documents. The disclosure of the subpoena comes as Democrats blasted Frist anew for his financial and personal ties to Hospital Corporation of America, a Nashville chain founded in 1968 by his father and his brother, Thomas Frist Jr. Critics yesterday seized on a report that Frist held a substantial amount of his family's hospital stock outside of blind trusts between 1998 and 2002 -- a time when he asserted he did not know how much of the stock he owned.
The Associated Press reported on Tuesday that Frist earned tens of thousands of dollars from HCA stock in a partnership controlled by his brother, outside of the blind trusts he created to avoid a conflict of interest.
"It seems that for years, Frist may have misled his constituents and the American people about his health care industry stock holdings and the conflict of interest they created as he drafted our nation's health care policy," said Democratic National Committee Communications Director Karen Finney. "This deal raises even more questions about the Republican culture of corruption in Washington, D.C."
During his decade in the Senate, Frist has been active in shaping health care policy, including creation of a Medicare prescription drug benefit.
Republican ethics lawyer Jan W. Baran also scored Frist for his handling of his trusts. "This shows Senator Frist's capacity for clumsiness and bad timing," Baran said. "He was trying to insulate himself from political charges and now finds himself trying to defend himself because of the transparency of his holdings."
The subpoena for documents related to the July stock sales was written carefully to avoid asking for documents related directly to Frist's legislative actions, according to sources. By keeping the request focused on his personal activities, experts said, the SEC avoided raising objections from Senate lawyers who might otherwise have fought the request on the grounds of constitutional separation of powers.
The wording in the subpoena also ensured that Frist did not have to tell colleagues about the document request or to otherwise involve them in the investigation, congressional aides said.
The executive branch is prohibited from seeking documents or testimony that relate to "legislative acts and the motivation for the performance of legislative acts," said Kenneth Gross of Skadden Arps, an ethics law expert. The ban is part of what is called the Constitution's "speech and debate" clause, which insulates Congress from unwarranted intrusions by the executive branch of government. Writing a subpoena that does not run afoul of the clause -- and also possibly trigger a public disclosure of the subpoena -- required careful work.
"There are some gray areas, clearly, and it could be tricky," said Baran, of Wiley Rein & Fielding. Members of the House of Representatives must disclose to the full House when they are subpoenaed. The Senate has its own rules that sometimes require the body to deal with subpoenas, experts say, but the Frist subpoena apparently has not triggered any of them.
A spokesman for Frist said yesterday: "As we have indicated, Senator Frist has been fully cooperating with the authorities conducting the inquiries and will continue to do so, including keeping our public comments to a minimum. The issuance of a subpoena would be an expected and normal part of that process."
Within days of Frist's July stock sale, HCA warned investors about weaker-than-expected financial performance, which sent the stock price spiraling downward by 9 percent in one day. Frist may have begun the process of selling the stock April 29, months before the company's troubles were clear, according to e-mail messages between the Tennessee Republican, his chief counsel and his personal accountant that were reviewed by The Washington Post.
Former SEC enforcement chief and retired federal judge Stanley Sporkin said the agency has a "rich history" of probing officials at the highest level -- from Supreme Court Justice William O. Douglas to Carter administration budget chief Bert Lance.
SEC Chairman Christopher Cox, a former House GOP member from California, has removed himself from hearing evidence on or voting on the case, citing his ties to Frist.
Staff writer Charles Babington contributed to this report.
bag by XMAS? Happy Holiday Yippers eom
Nuther day, no RS, cost too much LOL
CEOA.pk FS 3:1 @10/21 $2.75
CEOA CEO America Forward Split of Company Stock
Market Wire - October 12, 2005 1:53 PM (EDT)
Jump to first matched term
LAS VEGAS, NV, Oct 12, 2005 (MARKET WIRE via COMTEX) -- CEO America Inc. (OTC: CEOA) on September 19, 2005, announced that the Board of Directors the Company approved a 3 for 1 forward split of the Company's common stock.
The forward stock split is progressing as planned and will be effective on or about October 21, 2005. Stockholders of record on Oct 7, 2005 will be entitled to three (3) shares of common stock for each share of common stock held on that date in accordance with the resolution of the board of directors. The proposed stock split is subject to regulatory approval.
About CEO America, Inc. www.creditz.com
CEO America, Inc. (OTC: CEOA), NV, is the exclusive master licensee for the United States of the Creditz System. The Creditz System is a new and revolutionary business model that is partnering with the payment industry. The Creditz system provides enhanced payment, business intelligence and marketing solutions to retailers, e-tailers, manufacturers, loyalty and gift card programs, and all the participants in the payment industry, including point-of-sale and payment terminal manufacturers, merchant services, independent sales organizations (ISOs), transaction processors, credit, debit and stored value card issuers.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: The Company's ability to raise finance; global and market conditions within the payment industry; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Other brands and names contained in this release are the property of their respective owners.
Investor relations go to www.ceoacreditz.com
Contact via http://www.marketwire.com/mw/emailprcntct?id=59EA9EB8F49B5C4D
SOURCE: CEO America Inc.
http://www.ceoacreditz.com
Copyright 2005 Market Wire, All rights reserved.
Friendly merger T Moye see 9/28
http://money.cnn.com/news/deals/mergers/reports/863993020.html
Has update 9/28/2005 on the deal.
Format Merger Acquisition techniques Not Applicable
Attitude Friendly Agency n/a
Value n/a Advisor Fees n/a
SYNOPSIS
US - GFY Foods Inc acquired all the outstanding stock of Terry Moye & Associates, a provider of accounting and auditing services.
-----------
GFY Foods, Inc. (OTCBB:GFYD) just announced that it has finalized its agreement with Terry Moye and has acquired Terry Moye & Associates (TM&A), a CPA and consulting firm as a wholly owned subsidiary of the Company. It is the plan that Terry Moye & Associates will become a fully capable Financial Services branch of GFY Foods, Inc.
IVOC #1 Vol .0006 +.0002 ADOT Vol eom