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This stock is so thin, should move pretty fast!
Going to dollar land soon!!! JMHO
Can someone post L2? TIA
Try zecco. I don't have that problem buying a penny stock with it.
PSC tweets today and yesterday: BOCL went bid .16. The run is just starting.
BOCL is going to be our next pick to run super hard. Get in now
The offer on BOCL is backing up. We are going higher. Keep accumulating for the move higher
BOCL is at .14. We are buyers of the stock at these prices. We expect news and the stock to hit .50
PSC emailed out tonight: BOCL - Chip away on this stock and you will be setting yourself up for big profits - WE THINK BOCL WILL REACH .50 +++
AVOE 0.19 Printed!
0.19 printed!
From PSC tweet on Dec 14:
Expect a huge update on MEXP. We are still doing our due diligence, anticipating a campaign this week or weekend.
SSHS - only 75Mil Float -- Posted by MOMO
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44608245
From my recent experience with PSC, I think they do their DD before they back up a stock. At first, I thought the same PSC just pump and dump, but the more I watching their calls on stocks (BRYN, MEXP, PGCX,...), I think they indeed do their DD before calling it. Just a fact that if PSC doesn't mention the stock after they once called it, then the stock will drop dramatically. So one just have to decide on the enter and exit price, i guess.
With AVOE, if PSC still back it, it will bounce back hard. JMHO.
tk2007
AVOE News out today too. Will fly hard...
Avro Energy Update on Dixon Narcarrow #1 Well in South Arkansas
Globe Newswire
December 16, 2009: 03:13 PM ET
VIVIAN, La., Dec. 16, 2009 (GLOBE NEWSWIRE) -- Avro Energy, Inc. (OTCBB:AVOE). Further to the Company's news release dated December 7, 2009, the Company has been able to secure a workover rig to commence recompletion work on the Dixon Narcarrow #1 Well in South Arkansas. Donny Fitzgerald, the Company's manager of operations, has confirmed that the workover crew and rig will be on site on Tuesday to commence recompletion work.
The Company is continuing its workover operations on its wells in South Arkansas. The Company plans to put additional wells on production in the coming weeks, and will continue to update its shareholder as these wells are put into production.
About the ArkLaTex Oil-Producing Region
The ArkLaTex is a U.S. socio-economic region where Arkansas, Louisiana, Texas, and Oklahoma intersect. The region is centered on the Shreveport/Bossier metropolitan area in Northwest Louisiana. The region's history is heavily linked with the oil industry. The geology associated with the deposition of sediments from the Mississippi River, in particular, makes this area an abundant source for the oil and gas industries, which leads to the high levels of oil production within the region.
About Avro Energy, Inc.
Avro Energy, Inc. is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in North America. Avro's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent low risk opportunities for the Company and its shareholders. In addition, Avro aims to seek larger projects that can be developed and produced with Joint Venture partners. More information about the Company is available at its corporate website at http://www.avroenergy.com. Alternatively, shareholders can call the Company directly at 318-734-4737 or send an email to avroenergy@gmail.com.
Forward-Looking Statements
Cautionary Note to U.S. Investors -- We may use certain terms in our press releases and on our website such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "retained," "valuation," "potential," "interested," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. You can review and obtain copies of our filings from the SEC's website at http://www.sec.gov/edgar.shtml.
The OTC BB has not reviewed or does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
CONTACT: Avro Energy, Inc.
Donny Fitzgerald, Director
Louisiana number: 318-734-4737
avroenergy@gmail.com
www.avroenergy.com
PSC tweets and News out. It's going to fly...
Avro Energy Update on Dixon Narcarrow #1 Well in South Arkansas
Globe Newswire
December 16, 2009: 03:13 PM ET
VIVIAN, La., Dec. 16, 2009 (GLOBE NEWSWIRE) -- Avro Energy, Inc. (OTCBB:AVOE). Further to the Company's news release dated December 7, 2009, the Company has been able to secure a workover rig to commence recompletion work on the Dixon Narcarrow #1 Well in South Arkansas. Donny Fitzgerald, the Company's manager of operations, has confirmed that the workover crew and rig will be on site on Tuesday to commence recompletion work.
The Company is continuing its workover operations on its wells in South Arkansas. The Company plans to put additional wells on production in the coming weeks, and will continue to update its shareholder as these wells are put into production.
About the ArkLaTex Oil-Producing Region
The ArkLaTex is a U.S. socio-economic region where Arkansas, Louisiana, Texas, and Oklahoma intersect. The region is centered on the Shreveport/Bossier metropolitan area in Northwest Louisiana. The region's history is heavily linked with the oil industry. The geology associated with the deposition of sediments from the Mississippi River, in particular, makes this area an abundant source for the oil and gas industries, which leads to the high levels of oil production within the region.
About Avro Energy, Inc.
Avro Energy, Inc. is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in North America. Avro's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent low risk opportunities for the Company and its shareholders. In addition, Avro aims to seek larger projects that can be developed and produced with Joint Venture partners. More information about the Company is available at its corporate website at http://www.avroenergy.com. Alternatively, shareholders can call the Company directly at 318-734-4737 or send an email to avroenergy@gmail.com.
Forward-Looking Statements
Cautionary Note to U.S. Investors -- We may use certain terms in our press releases and on our website such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "retained," "valuation," "potential," "interested," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. You can review and obtain copies of our filings from the SEC's website at http://www.sec.gov/edgar.shtml.
The OTC BB has not reviewed or does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
CONTACT: Avro Energy, Inc.
Donny Fitzgerald, Director
Louisiana number: 318-734-4737
avroenergy@gmail.com
www.avroenergy.com
This will fly after PSC's release their DD... the L2 is super thin
it seems really thin and could move up fast too...
it starts to run, i guess...
looks better now 0.341 x 0.38
VGPR NEWS -- LONDON, Dec 03, 2009 (MARKETWIRE via COMTEX) -- VEGA PROMOTIONAL SYSTEMS, INC.
(PINKSHEETS: VGPR) announced today it has entered into a Joint Venture Agreement
to build a biomass production facility in t! he South American country of Brazil.
The name of the venture is Biomass of the Americas, LTD.
The Joint Venture Project will utilize special alternative energy technology
called torrefaction. Torrefaction converts most forms of biomass waste into
thermally treated biomass powder that is then turned into bio-coal briquettes
for shipment to the end user.
There is a tremendous demand from European and American pulverized coal plants
capable of burning bio-coal as a green fuel to meet carbon cap and trade
regulations and renewable portfolio standards for power generation.
Bio-coal has a high energy density of over 10,000 BTU's per pound and is
considered a renewable energy fuel that meets the Renewable Portfolio Standards
and renewable energy credits in the United States. The retail price of the
bio-coal in the United States is between $135 and $145 per metric ton. In
Europe, the price is approximately $100 per metric ton highe! r than the price in
the United States.
The cost to build the Brazil facility will be approximately $11 million (USD).
When completed, the facility will generate approximately $7 million in annual
revenue. The Company's plan is to begin construction during the first quarter of
2010.
Biomass of the Americas, LTD plans to expand into other South American countries
once the Brazil plant is operational.
The Company will provide additional details concerning the site of the facility
in Brazil as soon as lease negotiations are completed.
View this release in video format:
http://www.vodnewswire.com/vodnewswire/news/vegapromosystems-20091203/
CONTACT:
Vega Promotional Systems, Inc.
800-481-0186
SOURCE: Vega Promotional Systems, Inc.
Copyright 2009 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Energy and Utilities:Alternative Energy
! Energy and Utilities:Coal
Environment:Waste Management
Environment:Regulations and Law
Energy and Utilities:Equipment
I think what you said about pennystockchaser scam is so true, unfortunately.
Denarii Resources Engages California Land Survey Company
Globe Newswire
November 30, 2009: 07:43 AM ET
CARSON CITY, Nev., Nov. 30, 2009 (GLOBE NEWSWIRE) -- The board of Directors of Denarii Resources Inc. (OTCBB:DNRR) (Berlin:8D3) (Frankfurt:8D3) are pleased to announce that Reliance Geological Services Inc. and Mr. Edward Harrington, B.Sc.,P. Geo.Senior Exploration Geologist to the company, have engaged the services of White Wolf Land Services (WWLS) of Bakersfield, California, USA.
White Wolf Land Services is an expert land survey company that works extensively in Riverside and San Bernardino Counties, California. The professional employees of WWLS will embark on a very thorough Study of recorded Lode Mining Claim Locations specifically in the South West California mining districts that Ed Harrington has identified.
The plan to acquire leases that potentially contain gold and silver baring ore is in keeping with the company's commitment to explore and develop precious metal properties.
About Denarii Resources, Inc.
Denarii Resources Inc. currently owns interest in the McNab Molybdenum property and has entered into production agreement to acquire two coal concessions in Chile. Denarii is continually moving forward with researching and acquiring multiple assets that will generate positive cash flow for the company. A number of precious metal properties are presently under review. These are near or in production Gold and Silver acquisitions located in North and South America and Latin America. The Company was founded in 2006 and is based in Carson City, Nevada. For more information, please visit www.dnrrinfo.com.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Denarii Resources, Inc. please refer to its website at www.dnrrinfo.com.
CONTACT: Denarii Resources, Inc.
Stuart Carnie, President
1-352-361-1659
info@dnrrinfo.com
climbing back up to 0.50 - 0.75 range
I don't have L2, but it seems very thin.
the sellers didn't know about the news today, i guess. The news only posted from tradingmarkets.com website but nowhere else, http://www.tradingmarkets.com/.site/news/Stock%20News/2679670/
This is good news IMO, why the PPS is going down?
Nov 25, 2009 (M2 EQUITYBITES via COMTEX) -- DNRR | Quote | Chart | News | PowerRating -- Mining company Denarii Resources Inc (OTCBB:DNRR) (Berlin:8D3) (Frankfurt:8D3) said on Tuesday that the company has signed a loan agreement for USD30m. A The loan agreement has been executed with Edelweiss SWISS Trading and Investment AG, a Zug, Switzerland-based investment banking firm. A Proceeds will be used by Denarii Resources Inc to acquire an advanced gold mining property and facility located in the western United States.
MNAP NEWS --- Nov 25, 2009 7:40:00 AM MST
Vancouver energy junior WWI Resources Ltd acquires Albania oil and gas assets (WWI-Resources)
VANCOUVER _ WWI Resources Ltd. (TSXV:WWI), a Vancouver-based oil and gas junior, says it has struck a binding letter of intent with Manas Petroleum Corporation to acquire that company´s Albanian assets, which include three onshore oil and gas production sharing contracts containing six licences.
The pricetag of the deal, announced Tuesday, is $2 million in cash and 100 million common shares of WWI. In addition, WWI will issue another 150 million shares depending on certain conditions such as reserves thresholds and well completions on the Albanian energy properties.
Albania is a former communist country in the Balkans, along the east coast of the Adriatic Sea.
If the full 250 million shares are issued to Manas, the cash and share transaction would have a value of about $77 million based on the value of WWI shares Tuesday.
The transaction is subject to a $25 million share and warrant financing, the companies said in separate releases.
Since WWI currently has only 120 million shares outstanding, the transaction would give Manas shareholders control of the Vancouver company.
"We believe this is an excellent transaction for Manas as it will significant shareholder value moving forward," Eric Herlyn, CEO of the Swiss company, said in a separate release from Switzerland..
"This transaction is consistent with Manas´ core strategy of acquiring high impact oil and gas licences and then limiting the financial burdens and risks associated with the exploration and development."
In trading Tuesday on the TSX Venture Exchange, WWI shares were unchanged at 30 cents.
Read more: http://www.oilweek.com/news.asp?ID=25110#ixzz0XtpwF5A8
This stock will fly soon with Gold! IMO
Denarii Resources Secures $30,000,000 Funding to Acquire Gold Property
Globe Newswire
November 24, 2009: 09:40 AM ET
CARSON CITY, Nev., Nov. 24, 2009 (GLOBE NEWSWIRE) -- Denarii Resources Inc. (OTCBB:DNRR) (Berlin:8D3) (Frankfurt:8D3), a mining company focused on acquiring gold, silver and other resource properties, announced today that it has entered into a gold loan agreement with Edelweiss SWISS Trading and Investment AG, a Zug, Switzerland-based investment banking firm. According to the initial agreement, Denarii will receive a total of $30,000,000 ($30 Million). The proceeds will be used to acquire an advanced gold mining property and facility located in the western United States. The terms of the agreement are expected to be finalized in the first week of December.
"Throughout 2009, Denarii Resources has acted quickly in order to capitalize on high-growth opportunities and record prices in the gold and silver mining sector. The current financing from Edelweiss SWISS puts our growth-through-acquisition strategy on the fast track to success," said Stuart Carnie, president of Denarii Resources. "Immediately following the close of the financing, we plan to acquire a cluster of strategically located mining claims that were once high-level, gold-producing properties. These claims lie in an area close to a major U.S. city, and have existing equipment on-site. We plan to refurbish this equipment, conserving time and maximizing our resources, to move the mines back into full-scale production. Our goal is to create a self-sustaining gold mining operation with a strong revenue stream."
Carnie added, "Additional funds available from the financing will be used to begin an extensive exploratory drilling program, including over 10,000 feet of diamond drilling, in the newly acquired area. Our due diligence on the property shows tremendous untapped market potential in the area, and we plan to exploit every opportunity to optimize gold production for the benefit of our stakeholders."
About Denarii Resources, Inc.
Denarii Resources Inc. currently owns interest in the McNab Molybdenum property and has entered into production agreement to acquire two coal concessions in Chile. Denarii is continually moving forward with researching and acquiring multiple assets that will generate positive cash flow for the company. A number of precious metal properties are presently under review. These are near or in production Gold and Silver acquisitions located in North and South America and Latin America. The Company was founded in 2006 and is based in Carson City, Nevada. For more information, please visit www.dnrrinfo.com.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Denarii Resources, Inc. please refer to its website at www.dnrrinfo.com.
CONTACT: Denarii Resources, Inc.
Stuart Carnie, President
1-352-361-1659
info@dnrrinfo.com
Got some MTIZ today.
would the moderator put the sticky for the PR came out today? thanks.
Dolat Ventures Inc. to Acquire 100% of Dove Diamonds & Mining
Friday, November 20 2009 - 17:01
DOLV $0.20 $-0.05 (%-20)
NEW YORK, NY -- (MARKET WIRE) -- 11/20/09 --
Dolat Ventures Inc. (OTCBB: DOLV) announced
today that it intends to acquire 100% of the outstanding capital stock of
Dove Diamonds and Mining, Inc., a Nevada Corporation.
Dove Diamonds & Mining intends to sell, market, distribute and cut diamonds
and precious gems in the United States and Internationally.
"We are extremely excited to announce this preliminary step in developing
our Mining infrastructure," said Mr. Dovid Hauck, Chief Executive Officer
of Dove Diamonds & Mining Inc. "Dove Diamonds intends to market, sell, and
distribute diamonds and gems globally once fully consummated," he added.
For more information please visit www.dove-diamonds.com
<
BR>
About Dolat Ventures Inc. (OTCBB: DOLV)
Dolat Ventures Inc. through its wholly owned subsidiary Dove Diamonds &
Mining intends to sell, market, cut and distribute its diamonds and gems
around the world. The company intends to purchase rough and uncut diamonds
and gems from international suppliers globally.
Forward-Looking Statements
This press release may contain certain forward-looking statements within
the meaning of Section 27A of the Securities and Exchange Act of 1933, as
amended, and Section 21E of the Securities and Exchange Act of 1934, as
amended, and such Forward-Looking Statements are intended to be covered by
the safe harbors created thereby. Investors are cautioned that all
forward-looking statements involve risks and uncertainties. All statements
other than statements of historical fact in this announcement are
forward-looking statements, including but not limited to the viability of
the company's business plans, the effect of acquisitions on our
profitability, the effectiveness, profitability, and the marketability of
the Company's products; the Company's ability to protect its proprietary
information; general economic and business conditions; the volatility of
the company's operating results and financial condition; and other risks
detailed in the Company's filings with the Securities and Exchange
Commission.
These forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions, estimates
and projections about the company and the industry. The Company undertakes
no obligation to update forward-looking statements to reflect subsequent
occurring events or circumstances, or to changes in its expectations,
except as may be required by law. Although the company believes that the
expectations expressed in these forward-looking statements are reasonable,
management cannot assure the public that their expectations will turn out
to be correct, and investors are cautioned that actual results may differ
materially from the anticipated results.
Contact:
Dovid Hauck
President
Phone: 212-502-6657
Email: info@dove-diamonds.com
I added earlier too!
This company is making money, a $1.8mil in 3 quarters, it's a real company. PPS will definitely go high up from here. IMO.
at 0.033, CCTR has market cap is 663K, so undervalued, IMO!!!!
It's weird I only see the link (news) from Google Finance but not any others (like Yahoo, ihub...) posted for MTIZ
Metiscan raises $7.27 million in private placement
Thu. November 19, 2009; Posted: 02:12 PM
Nov 19, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- MTIZ | Quote | Chart | News | PowerRating -- Metiscan, Inc. has raised $7.27 million through private placement.
Metiscan, through its subsidiaries, operates in the healthcare and non-healthcare mobile products and services sectors.
Deal Value (US$ Million) 7.27
Deal Type Private Placement
Sub-Category None
Deal Status Completed: 2009-11-18
Deal Participants
Target (Company) Metiscan, Inc.
Acquirer (Company) Undisclosed Investors
why does this stock not moving, its PR says the company has increased revenue.
MDU Communications Announces Preliminary Fiscal '09 Year End Results; Continued Increases in Revenue, EBITDA, ARPU; Acquisition Plan Underway
* Press Release
* Source: MDU Communications International, Inc.
* On 9:30 am EST, Thursday November 19, 2009
*
Companies:
o Mdu Communications International Inc.
TOTOWA, NEW JERSEY--(Marketwire - 11/19/09) - MDU Communications International, Inc. (OTC.BB:MDTV - News)
- Preliminary fiscal year end '09 revenue of $24.8M up 5% over fiscal '08 despite loss of revenue from sale of non-core subscribers to CSC Holdings early in fiscal year
- Preliminary fiscal year end '09 EBITDA (as adjusted) of $8.5M up 16% over fiscal '08, inclusive of $5.0M and $1.9M gains in fiscal '09 and fiscal '08, respectively, from sale to CSC Holdings
- ARPU up 12% fiscal year to date to $33.08, due mainly to new DIRECTV? HD services
- Company upgraded 367 properties containing 72,263 units to new DIRECTV HD platform by fiscal year end
- Company acquired certain assets of Rocket Broadband Networks, Delrey Technologies and DirecPath; pursuing others
MDU Communications International, Inc. today reports preliminary results for its fiscal year ended September 30, 2009. Preliminary revenue for the fiscal year ended September 30, 2009 was $24,753,128, a 5% increase over the prior fiscal year's revenue of $23,650,725. The Company's preliminary average revenue per unit ("ARPU") across all billable subscriber types was $33.08 at fiscal year end, a 12% increase over the ARPU of $29.55 reported at the end of fiscal '08. The Company's fourth fiscal quarter was the main contributor to the Company's overall fiscal growth, during which revenue increased from $5,784,778 in the quarter ended June 30, 2009 to $6,513,403 in the quarter ended September 30, 2009, with a corresponding increase of 3,324 net new subscribers.
Sheldon Nelson, President of MDU Communications, stated, "The Company maintained a conservative financial approach during fiscal '09 resulting in preliminary EBITDA (as adjusted) for the fiscal year end of $8,457,062, compared to EBITDA (as adjusted) for fiscal '08 of $4,334,927. Exclusive of the gain from the sale of assets to CSC Holdings from both fiscal years, the Company still realized preliminary EBITDA (as adjusted) of $3,418,223 for this fiscal year, compared to EBITDA (as adjusted) of $2,474,334 for fiscal '08. These revenue and EBITDA advances were achieved despite the significant sale of subscribers between the periods."
The Company's continued focus on improving its financial results also resulted, preliminarily, in lower, as a percent of revenue, operating expenses during the fiscal year - specifically direct costs, customer service and general and administrative expenses - when compared to the prior fiscal year ended '08. The Company's sales and marketing expenses, however, increased 1% (as a percent of revenue) year over year as the Company began new marketing campaigns, hired new sales department personnel and retained several teams of independent direct sales representatives to spur organic growth in fiscal 2010.
The Company's property upgrade program to the new DIRECTV HD platform is now complete and resulted in the upgrade of 367 DIRECTV properties containing 72,263 units. This large undertaking resulted in a significant number of Company access agreement extensions and renewals, increased penetration rates, increased sales of advanced services and an increase in the Company's DIRECTV subscriber residual, all of which have positively impacted the Company's financial results and competitive status. DIRECTV currently offers over 130 national HD programming channels (moving to over 200) and has HD local programming in 92% of all U.S. household markets. The continued launch and advertising campaign for the new DIRECTV HD programming and associated services will continue to provide incremental revenue and improved penetration rates within Company properties. Due mainly to new HD and DVR service fees and recent price increases, DIRECTV recently reported an ARPU increase of 2.1% in its third fiscal '09 quarter to $85.32 per subscriber.
The Company reports 65,262 net subscribers at fiscal year end '09 compared with 65,552 subscribers at fiscal year end '08, which was anticipated due to the sale of subscribers at the beginning of the fiscal year. As of September 30, 2009, the Company also had 3,961 units in work-in-progress for which the Company expects a minimum of 1,327 of these units (under contract subscribers) to become billable subscribers in the next few quarters. The Company has embarked on a bold subscriber growth program in fiscal 2010 that includes (i) acquisition of system operators severely constrained by the credit crisis, (ii) organic subscriber growth through new property right of entry agreements, and (iii) increased penetration rates from within properties recently upgraded to the new DIRECTV HD platform. The Company has placed in motion all aspects of this plan. With the new sales personnel now established, the Company has built up an organic sales pipeline of properties already under proposal that should result in a number of new right of entry agreements in the next few quarters.
Acquisitions will play an integral role in the Company's growth in fiscal 2010, and this growth started on June 30, 2009 when the Company executed an agreement to acquire certain assets from New York based Rocket Broadband Networks, Inc., which included 31 multi-family properties representing over 9,100 total units passed by wire. As of October 9, 2009, the Company had fully closed and transitioned all 31 properties. On September 14, 2009, the Company executed an agreement with Delrey Technologies, LLC to acquire certain of its assets including 871 units and 472 subscribers to its Internet and DIRECTV services in New Jersey. Finally, on September 30, 2009, the Company executed an agreement with a subsidiary of DirecPath, LLC to acquire certain of its assets in Florida, including 1,839 units and 2,103 subscribers to its private cable, DIRECTV and Internet services. Approximately 700 of these units with 890 subscribers transitioned on September 30, 2009, with the remaining properties closing as assignment documentation is obtained. The Company is in negotiations with several other entities regarding asset acquisitions that the Company anticipates will close, but makes no representation regarding such, during the next few fiscal quarters.
The Company is also investing in technology that provides more versatility (and economy) in delivering its high-speed Internet service, including plug and play capabilities (eliminating professional installation and truck rolls), tiered bandwidth services, wireless point-to-point property broadband delivery and splash pages directing residents to an Internet service webpage where they can sign-up online, pay their monthly bill online and report most service problems online. To facilitate the bundling of its video, broadband and VoIP services, the Company converted to a new and more robust billing and subscriber management system as of August 30, 2009.
"Being fiscally conservative in fiscal 2009 and instilling the Company mantra of "doing more with less" during the recession has put MDU Communications in a strong position out of the gate in fiscal 2010," commented Mr. Nelson. "We have a technologically upgraded and advanced subscriber base providing a higher ARPU, revenue that is trending up with associated expenses trending down as a percent of that revenue, the completion of three acquisitions with negotiations concluding on several other near term acquisitions, and the expertise to execute on a significant growth plan in 2010. We look forward to great success in the upcoming fiscal year," added Nelson.
The Company expects to file its annual report on Form 10-K for the year ended September 30, 2009 with the Securities and Exchange Commission on or before December 31, 2009. The Company will be hosting a conference call in the next few weeks to discuss the fiscal year end results. Specific information will be provided at a later date and call information will be available on the Company's web site at www.mduc.com.
About MDU: MDU Communications International, Inc. (OTC.BB:MDTV - News) is a leading provider of premium communication/information services, including digital satellite television and high-speed (broadband) Internet services, exclusively to the United States multi-dwelling unit (MDU) marketplace - estimated to include 26 million residences. Through its wholly owned subsidiary, MDU Communications (USA) Inc., MDU Communications delivers DIRECTV? digital satellite television services and high-speed (broadband) Internet systems and is committed to delivering the next generation of interactive communication services to MDU residents. For additional information, please see www.mduc.com or contact Investor Relations.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements relating to financial information, property upgrades, strategic partner relationships, subscriber sales, acquisitions, subscriber and revenue growth, implementation of new programs and other developments of the Company. Such statements involve risks and uncertainties which may cause results to differ materially from those set forth in these statements, including, but not limited to, changes in financial condition, efforts on behalf of the Company to finalize and deploy certain programs and close certain acquisitions, fluctuations in operating results and operating plans, deployment of new subscriber growth plans and conversion of existing subscribers, market forces, supplier negotiations and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Company's 10-K for the year ended September 30, 2008, filed on or about December 23, 2008.
Contact:
Contacts:
MDU Communications International, Inc.
Sheldon Nelson
CEO
1-973-237-9499
investor@mduc.com
www.mduc.com
FNDW: seeing Meuse Joseph filed Form 3 yesterday. I don't see bid, ask or current price of FNDW though, anyone has any idea why?