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LMMG: Limelight Media Group Listed on Regulation SHO Threshold Limit List Posted by NASDAQ
Monitoring of Short Sale Positions Intended to Alleviate Naked Shorting Problem
MEMPHIS, Tenn., Feb 2, 2005 (PRIMEZONE via COMTEX) -- Limelight Media Group, Inc (OTCBB:LMMG) announced today that the company's stock is still listed on the NASDAQ SHO Threshold Limit List which lists publicly traded companies with unresolved short sale positions, known as "failed deliveries," in a company's stock. The company's stock has appeared on the SHO Threshold Limit List for the past two weeks and has acquired a designation that denotes a mandatory resolution of the failed delivery positions is required.
In January, a new Securities and Exchange Commission (SEC) regulation governing short-selling, known as Regulation SHO, took effect. The regulation aims at modernizing rules on short-selling and addresses failures to deliver stock by the settlement date. Under Regulation SHO, exchanges are required to provide daily lists of securities that have large amounts that had a failure to deliver which is commonly called "naked shorting." This required list is referred to as the threshold securities list. Under Regulation SHO, threshold securities are defined by two criteria: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days and, 2) these fails constitute 0.5% or more of outstanding shares. Exchanges began publishing daily threshold lists on January 10th this year
In practice, brokerage firms generally have to locate securities before accepting a short sale, a process known as "affirmative determination." Brokerage firms also have to borrow a security or be able to provide the stock certificate for delivery on demand by the settlement date, which is three days after the transaction. If a firm cannot deliver the securities by settlement, the trade is considered failed. Such failed trades are supposed to be rectified promptly, but the industry has not been diligent in rectifying these failed trades or open short positions. Regulation SHO is intended to enforce the settlement of failed trades by providing rules, guidelines and potential trading penalties. Information regarding the new regulation may be found on the NASDAQ site: http://www.nasdaqtrader.com/aspx/regsho.aspx.
"This regulation is an attempt by the SEC to address growing concerns in the marketplace regarding open short positions in publicly traded stock. Abuse of shorting practices is often detrimental to the financial health of a company and can be used to manipulate a stock in the equity markets. Limelight management believes that the company's public stock has been a victim of these shorting practices and wholeheartedly supports these new efforts to resolve open short positions. The company will continue to aggressively monitor these events and relay information to Limelight shareholders and the SEC on a timely basis," stated David V. Lott, President of Limelight Media Group, Inc.
Limelight Media Group, Inc. creates, manages and supports out-of-home digital advertising and promotional networks. The Company's digital media management system enables simultaneous delivery of video content to a variety of remote audiences in real time, allowing for immediate customization of messages through a centralized network operations center. The Company is developing an initiative to enhance its product offerings in digital media with traditional media sources and technology products.
This release includes projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although the management of Limelight believes that the expectations reflected in these forward-looking statements are reasonable, they can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.
Spot crude oil $47.18
Art Bell's contract is up with Clear Channel. When asked if Art Bell was coming to IBC Daryn stated he could not CONFIRM or deny it.
our secret stock of course
Once burned twice shy. This stock has a bad reputation in the investment community.
Bid and Ask up on no volume with our secret stock....
Looks like a scam to me.
yawn.......
Spot crude oil $48.38
Spot crude oil $49.29
IEME-ask raised
Spot crude oil $47.83
Spot crude oil $48.08
Yawn..........
We still have time before madatory covering.
IEME Still on list.
Q Television Network to Co-Sponsor the Queer Lounge at the Sundance Film Festival
Wednesday January 12, 12:27 pm ET
PALM SPRINGS, Calif.--(BUSINESS WIRE)--Jan. 12, 2005--Q Television Network, (Pink Sheets: QBID - News) announced today that it's an official sponsor of the Queer Lounge at the Sundance Film Festival in January. This gives Q Television Network the opportunity to acquire new products from prominent gay and lesbian producers, as well as gain exposure to networks, producers, celebrities, and the estimated 38,000 potential attendees at the festival.
"Q Television's co-sponsorship of the Queer Lounge gives us international exposure and access to top lesbian and gay producers for potential new products. It will increase our programming line up, and shows we are the major player in gay/lesbian television," said Frank Olsen, President and CEO of Q Television Network. "The only other event with a larger marketing outreach is the Gay Games, which we already have exclusive broadcast rights to."
The Queer Lounge will be active from January 21 to 29, 2005 in Park City, Utah's popular Main Street district during the Sundance festival. The Queer Lounge establishes hospitality spaces at the most prestigious film festivals in the world, and caters mainly to gay, lesbian, bisexual and transgender ("queer") festival-goers. Queer Lounge is: A HOSPITALITY SUITE where guests can relax and network; A ONE-STOP SHOP FOR INFORMATION, where those attending the film festival(s) can learn about films with queer themes, or made by queer filmmakers; and AN EVENT SPACE for parties, panels and press conferences.
About Q Television Network: This television network was organized to create and develop a network devoted to providing television programming for the gay and lesbian community. While the company expects much of its subscriber base to be comprised of members of the gay and lesbian population, management also believes that quality programming about the gay and lesbian experience, designed to entertain, educate and inform, will attract many other segments of the viewing public. The company's programming will be available on a subscription basis to those desiring its programming. The network will broadcast 24 hours per day, 7 days per week. Providing distribution via satellite ensures availability of the network across the United States, including Alaska, Hawaii and Puerto Rico. For further information on programming and subscriptions, please visit www.qtelevision.com.
About the Queer Lounge: Queer Lounge promotes the visibility of queer people, films and issues through events, education and information. The result of these activities is to foster professional achievement, industry recognition and public understanding of lesbian, gay, bisexual, transgender (LGBT) people and their creative works. The Queer Lounge is not affiliated with the Sundance, Slamdance or other Park City film festivals. Please visit www.queerlounge.org for more information.
Q Television Network to Co-Sponsor the Queer Lounge at the Sundance Film Festival
Wednesday January 12, 12:27 pm ET
PALM SPRINGS, Calif.--(BUSINESS WIRE)--Jan. 12, 2005--Q Television Network, (Pink Sheets: QBID - News) announced today that it's an official sponsor of the Queer Lounge at the Sundance Film Festival in January. This gives Q Television Network the opportunity to acquire new products from prominent gay and lesbian producers, as well as gain exposure to networks, producers, celebrities, and the estimated 38,000 potential attendees at the festival.
"Q Television's co-sponsorship of the Queer Lounge gives us international exposure and access to top lesbian and gay producers for potential new products. It will increase our programming line up, and shows we are the major player in gay/lesbian television," said Frank Olsen, President and CEO of Q Television Network. "The only other event with a larger marketing outreach is the Gay Games, which we already have exclusive broadcast rights to."
The Queer Lounge will be active from January 21 to 29, 2005 in Park City, Utah's popular Main Street district during the Sundance festival. The Queer Lounge establishes hospitality spaces at the most prestigious film festivals in the world, and caters mainly to gay, lesbian, bisexual and transgender ("queer") festival-goers. Queer Lounge is: A HOSPITALITY SUITE where guests can relax and network; A ONE-STOP SHOP FOR INFORMATION, where those attending the film festival(s) can learn about films with queer themes, or made by queer filmmakers; and AN EVENT SPACE for parties, panels and press conferences.
About Q Television Network: This television network was organized to create and develop a network devoted to providing television programming for the gay and lesbian community. While the company expects much of its subscriber base to be comprised of members of the gay and lesbian population, management also believes that quality programming about the gay and lesbian experience, designed to entertain, educate and inform, will attract many other segments of the viewing public. The company's programming will be available on a subscription basis to those desiring its programming. The network will broadcast 24 hours per day, 7 days per week. Providing distribution via satellite ensures availability of the network across the United States, including Alaska, Hawaii and Puerto Rico. For further information on programming and subscriptions, please visit www.qtelevision.com.
About the Queer Lounge: Queer Lounge promotes the visibility of queer people, films and issues through events, education and information. The result of these activities is to foster professional achievement, industry recognition and public understanding of lesbian, gay, bisexual, transgender (LGBT) people and their creative works. The Queer Lounge is not affiliated with the Sundance, Slamdance or other Park City film festivals. Please visit www.queerlounge.org for more information.
skunks,
Thanks. I know if it wasn't for me there would be no origional funding for QBID. I hope the other subsequent venture capitalists are having instant gratification now.
jp,
Don't feel bad. Next to JC Radio I'm the longest regular shareholder in the company and they censor me all the time.
Skunks,
You know as well as I if it wasn't for WillyWizzard putting together the origional contacts to help QBID get going there would be no Gay television. WillyWizzard will go down in the annals of gay history. He is famous in the gay community. The gay community has him to thank for bringing gay television to the world.
skunks,
Why would anyone want to person mark "THEM"?
Shorty-cover
International Broadcasting Corporation Launches New Website for ``Stock Talk LIVE'' Radio Show: Stockpickradio.com
PHILADELPHIA, Jan 10, 2005 (BUSINESS WIRE) -- International Broadcasting Corporation (OTCBB:IBCS) announced today that it has launched a new website for its "Stock Talk LIVE" business radio talk show. The new website is located at www.Stockpickradio.com. The new "Stock Talk LIVE" website will assist in the show developing its own identity separate from that of the IBC Radio Network. The website will assist in getting further name recognition, distribution and advertisers.
About Stock Talk LIVE
"Stock Talk LIVE" is an interactive business radio talk show focused exclusively on continuous coverage of microcap stocks (stocks under $5). The show is on-the-air each and every stock market trading day. "Stock Talk LIVE" is a major milestone not only for International Broadcasting Corporation but for the financial information industry. There are other weekly and even daily short-length radio shows about tiny companies and stocks, but no one has ever done LIVE continuous coverage of micro cap stocks each and every trading day from opening bell to the close. Stock Talk LIVE is a fully interactive business radio talk show focused on providing information about small publicly-traded companies that typically do not receive press coverage by major media outlets.
Statements in this press release other than statements of historical fact are "forward-looking statements." Such statements are subject to certain risks and uncertainties including the demand for the Company's services, litigation, labor market, and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission that could cause actual results to differ materially from any forward looking statements. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements.
SOURCE: International Broadcasting Corporation
IBCS:International Broadcasting Corporation Launches New Website for ``Stock Talk LIVE'' Radio Show: Stockpickradio.com
PHILADELPHIA, Jan 10, 2005 (BUSINESS WIRE) -- International Broadcasting Corporation (OTCBB:IBCS) announced today that it has launched a new website for its "Stock Talk LIVE" business radio talk show. The new website is located at www.Stockpickradio.com. The new "Stock Talk LIVE" website will assist in the show developing its own identity separate from that of the IBC Radio Network. The website will assist in getting further name recognition, distribution and advertisers.
About Stock Talk LIVE
"Stock Talk LIVE" is an interactive business radio talk show focused exclusively on continuous coverage of microcap stocks (stocks under $5). The show is on-the-air each and every stock market trading day. "Stock Talk LIVE" is a major milestone not only for International Broadcasting Corporation but for the financial information industry. There are other weekly and even daily short-length radio shows about tiny companies and stocks, but no one has ever done LIVE continuous coverage of micro cap stocks each and every trading day from opening bell to the close. Stock Talk LIVE is a fully interactive business radio talk show focused on providing information about small publicly-traded companies that typically do not receive press coverage by major media outlets.
Statements in this press release other than statements of historical fact are "forward-looking statements." Such statements are subject to certain risks and uncertainties including the demand for the Company's services, litigation, labor market, and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission that could cause actual results to differ materially from any forward looking statements. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements.
SOURCE: International Broadcasting Corporation
MIAMI--(BUSINESS WIRE)--Jan. 10, 2005--Viva International, Inc. (OTCBB:VIVI) announced today that it reached an agreement to sell its wholly owned subsidiary, Hardyston Distributors, Inc.
The agreement made as of December 31, 2004 including modifications through this morning will upon completion merge Vox Telecommunications, Inc. (VOX) into Hardyston. VOX will immediately commence appropriate filings and registrations to facilitate its plan to become a public company. The transaction provides for the assumption of up to $50,000 in liabilities by VOX and for 4 million shares in the newly formed company to be tendered to shareholders of Viva as of a record date to be announced by the Company's Board of Directors.
The agreement is subject to approval by the primary lending sources of Vox Telecommunications Inc.
Vox Telecommunication, Inc., a corporation organized in New York, is a developmental stage company that plans to operate an Internet based long distance telephony network using state-of-the-art Voice Over Internet (VOIP) protocol. Its long distance services intend to be marketed mainly by third parties to end users in the form of pre-paid phone cards or other media. Marketing efforts will also include direct personal computer (PC) access under long term marketing agreements.
Robert Scott, Viva's Chairman commented as follows, "Consistent with our prior announcements of the Company's plan to sell off some or all of its existing inactive, dormant or non-operating subsidiaries, we are pleased to announce our agreement governing the Hardyston subsidiary. We believe this transaction provides Viva some financial relief as well as provides the opportunity for our shareholders to receive, via a dividend from Viva, an ownership position in an additional public company."