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AICX - - Applied Imaging Corp. Quick Quote:
AICX(no quote)
Kodak Names Antonio Perez as President, Chief Operating Officer; Adds World-Class Expert on Output to Drive Printing Growth 4/2/03
ROCHESTER, N.Y., Apr 2, 2003 (BUSINESS WIRE) --
Eastman Kodak Company announced that Antonio M. Perez has joined the company as President and Chief Operating Officer, reporting to Chairman and Chief Executive Officer Daniel A. Carp. His appointment is effective immediately.
Perez will oversee the day-to-day operations of the following businesses and other units at Kodak: Consumer Imaging, Kodak Professional, Digital &Applied Imaging, Entertainment Imaging, Commercial Imaging Group, Global Manufacturing &Logistics, Chief Marketing Office, Research &Development, and worldwide geographic regions. His responsibilities include improving operating performance, while serving as the CEO's strategic partner and driving Kodak's growth effort, with an emphasis on generating the increased printing of pictures as the company moves to claim a larger share of the $385 billion infoimaging market.
Perez, 57, brings to Kodak more than twenty-five years of global experience in the information technology, printing and consumer electronics industries, largely with Hewlett-Packard Company. His achievements include the following:
-- As President of HP's Consumer Business and Digital Media
Solutions, Perez led one of HP's major growth areas - digitalimaging and e-publishing. The unit reached $16 billion inrevenue under his leadership.
-- Perez managed HP's inkjet imaging business between 1995 and1999, during which time the installed base of inkjet printersgrew to 100 million from 17 million and revenue grew to morethan $10 billion through continuous improvement of thebusiness model and the creation of new printing categories.
-- Under his leadership of the inkjet business, HP appliedthermal inkjet technology to large-format printers for thefirst time. Perez expanded thermal inkjet to printingcategories new to HP, such as all-in-one products, faxmachines, color copiers and photo printers. He also led HP'sentry into the digital camera market.
-- After his retirement from HP, Perez served as President andCEO of Gemplus International between June 2000 and December
2001. During this period, he took the company public whilegrowing revenues by 70% in the first fiscal year.
'Antonio is a seasoned business leader who is a world-class expert on output, or the printing of images,'Carp said. 'His significant experience with all aspects of digital printing will help us accelerate Kodak's output opportunities in digital and traditional markets. Our goal is to have Kodak products, technologies and services present wherever people and businesses print images.
'He joins Kodak as we pursue a larger share of the $385 billion market opportunity known as infoimaging,'Carp said. 'Antonio will help Kodak further those efforts with his exceptional operational abilities, his passion for building businesses in competitive markets, his knowledge of the industry and strategic vision.'
In his 25-year career at HP, where he retired as a member of its Executive Council, Perez worked in Spain, Germany and the U.S., gaining worldwide business experience in such areas as digital cameras, scanners, printers, copiers and supply chain management. In those assignments, Perez was noted for building teams that measured success by achieving sustained, profitable growth through higher sales, market share and earnings. His work at HP included the creation of Phogenix Imaging, a Kodak/HP joint venture now producing digital inkjet minilabs.
'Digital imaging is my passion, and Kodak is the worldwide leader of the imaging industry,'Perez said. 'As the industry develops, Kodak will take advantage of the huge market opportunities available to companies that bridge the worlds of imaging and information technology for the benefit of customers. Those opportunities will be especially powerful in digital publishing, the printing of pictures in all their forms as well as image-rich marketing collateral documents.'
'The know-how at Kodak - from the company's patent portfolio to its understanding of image science - is second to none,'Perez said. 'I am enthusiastically looking forward to joining their team to help Kodak further extend its imaging leadership into the digital imaging industry.'
A native of Spain, Perez studied electronic engineering, marketing and business in Spain and France. He has held positions in management, sales, marketing, manufacturing and research and development during his career, and lived with his family in five different countries while working with both consumers and commercial customers. Perez plans to relocate with his family to the Rochester area, where Kodak is headquartered.
Kodak also announced that Martin M. Coyne II, Executive Vice President and Group Executive of the company's Photography Group, will retire from the company.
'Marty Coyne made a number of significant contributions during his 16-year career at Kodak, including growing our Health Imaging business to be our second largest business, leading the successful digital conversion of our commercial imaging businesses and tightening the integration of our Photography Group,'Carp said. 'We thank him for those contributions, and wish him well in his retirement.'
Reporting to Perez will be: Daniel P. Palumbo, President of Consumer Imaging products and services; Karen A. Smith-Pilkington, President of Kodak Professional products and services; Willy C. Shih, President of Digital &Applied Imaging products and services; Eric G. Rodli, President of Entertainment Imaging products and services; Carl A. Marchetto, President of Commercial Imaging; Charles S. Brown, Jr., Director of Global Manufacturing &Logistics; James C. Stoffel, in his capacity as Director of Research &Development; Carl E. Gustin, Jr., Chief Marketing Officer.
In addition, Henri D. Petit, Chairman and President of Kodak's Greater Asia Region (GAR), will continue in that role and will also be responsible for the worldwide regional infrastructure and will report to Perez. In this capacity, Yoshikazu Hori, President of Kodak Japan Ltd.; Alain H. Popelard, Chairman of Eastman Kodak S.A. (Europe, Africa, Middle East Region); and Alan Witrock, Regional Operations Manager for the Latin America Region, will report to Petit.
Reporting to Carp will be Perez; Robert H. Brust, Chief Financial Officer; Daniel I. Kerpelman, President of the Health Imaging Group; Bernard Masson, President of the Display Group; Michael P. Morley, Chief Administrative Officer; James C. Stoffel, in his capacity as Chief Technical Officer; and Daniel T. Meek, in his capacity as Corporate Kodak Operating System Director. In addition, John J. Chiazza, General Manager, Global Integrated Supply Chain, will report to Meek.
Editor's Note: For additional information about Kodak, visit our web site on the Internet at: www.kodak.com/
Eastman Kodak Company Gerard Meuchner, 585/724-4513 gerard.meuchner@kodak.com or Anthony Sanzio, 847/475-3649 anthony.sanzio@kodak.com
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PKER - - Poker.com Inc. Acquires Pokersoft License for Exclusive Development of Skill Poker System
VANCOUVER, BRITISH COLUMBIA--Poker.com Inc. (OTCBB: PKER) announced today that it has entered into a master license agreement with Pokersoft Corporation A.V.V. of Curacao for the purpose of the exclusive development of the Skill Poker system based on the Company's patent pending technology.
The Company will pay Pokersoft an initial license fee of US$30,000 and issue 3,000,000 shares in its common stock to Pokersoft. Pokersoft will receive a royalty payment of 15% of the gross revenue received by the Company from operating games using the patent pending technology. The development cost of the system will be paid in addition to the above.
The provisional patent application filed with the United States Patent and Trademark Office covers a system of determining the skill level in a tournament setting for many different card games including all forms of poker and will by operated by the Company's wholly owned subsidiary, Skill Poker.com Inc. incorporated in the State of Washington. Once developed, Poker.com Inc.'s Skill Poker card room will be the only legal online system of gaming with all operations including the game servers located on North American soil.
Pokersoft is a software development company which has developed a premier multi player tournament poker software for the purpose of operating card rooms online which has revealed dramatic improvement over the existing tournament poker software systems on the market.
Poker.com Inc. and Pokersoft have agreed on a development strategy integrating the patent pending game logic of the Skill Poker system with the existing Pokersoft software. The strategy involves development milestones which include discovery, implementation, validation and beta testing leading to the launch of the Skill Poker card room. These developments will be announced upon each stage of completion in the weeks ahead.
In anticipation of a full scale marketing launch, Poker.com Inc. has inaugurated www.skillpoker.com and invites players to view the page for further information on the development of the Skill Poker system and the pending release date of the Skill Poker gaming portal.
With respect to the dispute involving the domain, www.poker.com, the Company announces that it has taken action against the parties involved in the Supreme Court of British Columbia in one matter and are awaiting arbitration on another matter. Poker.com Inc. remains hopeful of a positive resolution to the dispute and will release details of the respective decisions as they occur.
On behalf of the Board of Directors,
Mr. Mark Glusing, President
PRVH - - Providential Acquires Biometric Technology Company to Become a Leading Solution Provider for Airport, Corporate and Homeland Security
FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)--April 2, 2003--
-- Transaction Gives Full Access to Intellectual Properties and $100 Million Revenue Sharing
Providential Holdings, Inc. (OTCBB: PRVH) (Berlin Stock Exchange: PR7, WKN 935160) (www.phiglobal.com) today announced that it had signed a definitive agreement to acquire 51% equity stake in Real ID Technology ("Real ID"), a Republic of Korea corporation, (www.realiden.com) in exchange for a combination of cash and short-term notes.
Founded in 1998, Real ID Technology now markets bio-encryption and bio-authentication products to banks, governments and institutions that need access control, time attendance control, secure perimeters and homeland security compliance requirements. Real ID provides complete hardware, software and training solutions for its customers worldwide.
Some of Real ID's major accomplishments include an ongoing contract to provide $100 million worth of biometric products to A.F.E.C. (Arabian Factory for Electronic Circuits) in Saudi Arabia until 2005 and Woori Bank's adoption of the Company's biometric applications for all its in-branch and online transaction authentication and security control. Woori Bank is the second largest banking institution in South Korea and has branches in Los Angeles and New York City. Other past and present contractual partners include: Diners Club, SamsungCard and BCCard.
Real ID has ownership in Real ID Japan and Veridicom, Inc., USA, (www.veridicom.com), an industry leader in fingerprint technologies and services that was spun off from Lucent Technologies/Bell Labs. The Company currently holds ten domestic and international patents for its biometric inventions.
"Thanks to PHI's commitment, Real ID will be able to strengthen its financial position and continue to develop products as well as to open up new markets," said Gyung-Min Kim, CEO of Real ID Technology. "Not only is Real ID reaching an agreement for technical tie-up in the R&D area with ClearPass, Inc., a US-based subsidiary of PHI, but we are also going to fulfill our aggressive marketing to the US Homeland security market."
Henry Fahman, Chairman and CEO of Providential Holdings, commented: "Real ID brings multiple assets to Providential and its customers -- a broad portfolio of products and technologies and a group of talented and experienced management, sales and operational people." Fahman added: "In addition, Providential will be able to assist Real ID in fulfilling the $100 million contract with Saudi Arabia and expect to share a major portion of revenues from this and other projects that Real ID has been working on."
Just sayin Hi, Big-1 ... I can see you're busy ...
Some pow's rescued & I'm elated ... !!
ADSX - - Applied Digital Solutions Reports 2002 Year End Financial Results; Net Operating Loss Decreases Significantly Compared to 2001 4/1/03
PALM BEACH, Fla., Apr 1, 2003 (BUSINESS WIRE) --
Applied Digital Solutions, Inc. (the 'Company') (Nasdaq:ADSX), an advanced technology development company, today released financial results for the year ended December 31, 2002. Included in the results was an asset impairment charge of $69.4 million. The 2002 asset impairment charge arose primarily from application of SFAS No. 142 Goodwill and Other Intangible Assets, adopted by the Company on January 1, 2002, which requires that goodwill and certain intangibles no longer be amortized but instead tested for impairment at least annually by applying fair value tests. An evaluation of Digital Angel Corporation's (AMEX: DOC) Wireless and Monitoring and Medical Systems reporting units indicated that $31.5 million and $30.7 million of goodwill, respectively, was impaired as of December 31, 2002. The Company is the beneficial owner of approximately 73.91% (19.6 million shares) of the outstanding Digital Angel Corporation shares.
Revenue from continuing operations in 2002 amounted to $99.6 million, a 36% decrease from the $156.3 million recorded in 2001. For the three-month period ended December 31, 2002, revenues from continuing operations of $21.6 million represented a decrease of 22% compared with the $27.7 million for the same three-month period in 2001.
For 2002, the Company incurred a loss from continuing operations of $113.9 million, or $0.42 per share, compared to a loss from continuing operations of $198.1 million, or $1.23 per share for 2001. For the three-months ended December 31, 2002, the Company reported a loss from continuing operations of $64.0 million, or $0.23 per share, compared to a loss from continuing operations of $48.0 million, or $0.18 per share for the three-months ended December 31, 2001.
My bad ... #478 s/b GOOD POST ... !!
Disregard prev. post ...
QPRC - - Quest Software Wins Two Highly Coveted Jolt Productivity Awards; Quest Products Judged Best in Java Performance Management for Second Year in a Row 3/31/03
IRVINE, Calif., Mar 31, 2003 (BUSINESS WIRE) --
Quest Software Inc. (Nasdaq:QSFT), a leading provider of application management solutions, today announced it has been awarded two Jolt Productivity Awards.
Quest's JProbe(TM) Suite earned a Jolt Productivity Award in the Testing Tools category, and Quest's JClass(TM) Suite received a Jolt Productivity Award in the Libraries, Frameworks and Components category.
Presented at Software Development magazine's 13th Annual Jolt Product Excellence and Productivity Awards ceremony in Santa Clara, Calif. on March 26, 2003, the awards were given to products that have 'jolted'the industry by making the development of corporate software faster, easier and more efficient. Quest Software was one of only four vendors to receive multiple awards, placing it in the upper echelon of software product vendors.
This is the second year in a row that Quest's products have won Software Development magazine's Jolt awards. Last year, the JProbe Suite received the coveted Jolt award in the Utilities category and in 2000 Quest's JClass DesktopViews won a Jolt Productivity Award in the Libraries, Frameworks and Components category. Award-winners were selected by a respected panel of Software Development magazine editors, expert advisers and columnists.
'We are very excited that JProbe and JClass have been recognized again with this prestigious honor,'said Ed Lycklama, chief architect J2EE solutions, Quest Software. 'Our development teams are dedicated to building world-class products, continually incorporating customer feedback. Since Jolt awards reflect the views of the people that actually use the products every day, this validates the real value our products provide in the Java marketplace.'
Winners of the Jolt Product Excellence and Productivity Awards will be featured in the June issue of Software Development magazine. For more information on the awards visit: www.sdmagazine.com.
About Quest Software's JProbe and JClass
Quest's JProbe is a leading performance tuning toolkit for Java, providing powerful performance profiling, memory debugging, code coverage and thread analysis capabilities in one conveniently integrated suite. By painting graphical pictures of everything from memory usage to calling relationships, JProbe helps developers to understand precisely what is causing issues in Java applications -- right down to the offending line of source code.
JClass is an integrated family of Java components that help developers build enterprise-class applications quickly and cost effectively. With GUI components for rich-client J2SE development or thin-client components for J2EE application server environments, JClass accelerates the development of intuitive, high-performance application interfaces.
GTEC - - Press ReleaseSource: Genesis Technology Group, Inc.
Genesis Signs With 2 New U.S. Clients; Munich Round Table Hosts More Than 65 Prospects
Monday March 31, 7:00 am ET
BOCA RATON, FL--(INTERNET WIRE)--Mar 31, 2003 -- Genesis Technology Group, Inc. (OTC BB: GTEC) announced today the signing of contracts with two Florida companies. Each is privately owned and operated with decades of success and innovation. The contracts result in immediate income to Genesis, plus significant success fees and equity positions earned over the next 12 months. In addition, GTEC held its first China Round Table in Europe attended by over 65 German companies. The new contract clients include:
ADVERTISEMENT
Custom Biologicals, Inc. ("CBI"), a US private corporation, is a leader in the science of bioremediation, offering custom made products, a proprietary production method, and enhanced application technology. It provides environmentally friendly, effective solutions to the global waste problem that affects the world now, and for the future. CBI is a family owned corporation, built on the biotechnology experience and talents of Dr. Clarence L. Baugh and the customer base and field experience of its expert staff. "Our company has achieved success in distributing our product line throughout the world, including Asia, Europe, North and South America, yet China has been a challenge for nearly a decade. We have decided to contract with Genesis with its new, streamlined strategy through the Shanghai Technology Stock Exchange and its own impressive network." (For reference, visit www.custombio.com)
Sarlo Power Mowers, Inc., a US private corporation founded in 1935 and under the same family ownership, is a leader in the manufacture and distribution of self-propelled mowers for the commercial, residential, and governmental industries. Sarlo specializes in high wheel mowers and trimmers, and has an established distribution and sales network in the United States. Some of its product line already emanates from China, and both manufacturing and distribution in China loom as a possibility for Sarlo, in the near future. Commented President Tony Sarlo: "We were so impressed by the Genesis presentation at the recent Tampa Bay round table that we were convinced to commit to its team and China connections. This will be our company's first foray abroad." (For reference, visit www.sarlomower.com)
Genesis CEO Gary Wolfson commented, "We are happy to welcome these two impressive, innovative companies to the Genesis family of clients. April 1-16, 2003, seven contract clients will be accompanying the Genesis team to China. These include: newcomer CBI joining Viragen, Kane & Associates, Enviro Voraxial, Mark Capital, eProtea (Malaysia) and Powerbetter (UK)."
From the Genesis office in Shanghai, President James Wang added: "All arrangement are being made to complete contracts for these clients. In conjunction with the Shanghai Technology Stock Exchange, Genesis has scheduled high-level meetings to transfer these technologies and innovations to China. Adhering to our business model, we believe that Genesis shall benefit now and for years to come."
The Munich China Round Table, hosted by Genesis on March 20th, attracted over 65 companies from the European Union. This 4-hour event, presented at the downtown Kempinski Four Seasons Hotel, featured Genesis CEO Gary Wolfson. Remarked Munich Director Manuel Richter, "Frankly, we were surprised by our own success. The room was filled to capacity, and the interest level among the German companies was extremely high. Gary Wolfson presented our time-tested, yet creative Genesis business model with clarity in a most compelling manner. I will be leaving for Shanghai, to accompany contract client Powerbetter, and I am confident that commuting between Europe and Shanghai with new clients will become a regular trade route."
Ya didit again ..... Goodern ... And a g/m to you ... !! Thanx ... !!
Once upon a time in a nice little forest, there lived an
orphaned bunny and an orphaned snake. By a surprising
coincidence, both were blind from birth.
One day, the bunny was hopping through the forest, and the
snake was slithering through the forest, when the bunny
tripped over the snake and fell. This, of course, knocked
the snake about quite a bit.
"Oh, my," said the bunny, "I'm terribly sorry. I didn't
mean to hurt you. I've been blind since birth, so, I can't
see where I'm going. In fact, since I'm also an orphan, I
don't even know what I am."
"It's quite OK," replied the snake. "Actually, my story is
much the same as yours. I, too, have been blind since birth,
and also never knew my mother.
Tell you what, maybe I could slither all over you, and work
out what you are, so at least you'll have that going for you."
"Oh, that would be wonderful" replied the bunny. So the snake
slithered all over the bunny, and said, "Well, you're covered
with soft fur; you have really long ears; your nose twitches;
and you have a soft cottony tail. I'd say that you must be a
bunny rabbit."
"Oh, thank you! Thank you," cried the bunny, in obvious
excitement.
The bunny suggested to the snake, "Maybe I could feel you
all over with my paw, and help you the same way that you've
helped me."
So the bunny felt the snake all over, and remarked,
"Well,
you're smooth and slippery,
and you have a forked tongue,
no backbone and no balls.
................ I'd say you must be French!"
Couldn't resist, K² ....
Hated to let that lil'-gem out ....
but, don't believe eva-thin ya read ... tee, hee ...!!
Thats TRUE, Original .... !
... That info. came straight from HILLARY ... !!
I DON'T like Helen Thomas ... !!
She has a bigger 'dik' than me or RENO ... !!
I'm gonna STOP listening to Ari Fleisher's? White House press briefs, if they don't stop entertaining questions (or) 'gotyas' from Helen Thomas, and other simply-'stupid' and waste of time reporters ...
Most questions to him are 'traps' to catch him in or make him say something embarassing .... I can't understand the benefit of this ....
For those who wish to be human shields please call
Sadam Hussein at the following phone numbers:
If calling from France dial 1-800-FERMEZ-LEBOUCHE
If calling from Canada dial 1-800-BOYCOTT-CURLING
If calling from Russia dial 1-800-STALIN'S-MOUSTACHE
If calling from Germany dial 1-800-MEIN-KAMPF
If calling from Massachusetts dial 1-800-CHAPPAQUIDCIK
From anywhere in the mideast dial 1-800--SMACK-IRAQ
If you wish to speak to Osama Bin Laden dial
............................extension 666
awww .. AK's probably gettin-sumppin-done, alright..
URuuumPH ... !!
( momentarily ) memory-lapse ...
Tnx.....
Coffeeee .....
Help ...
Your ( possession? )
Your's ( possession )
you're ( you are )
I never get that right ... I know my prev. was proly wrong ...
and Thank you, K² ... You're posts certainly say-it-ALL ...!!
Subject: Military Rules for the Non-Military Personnel
Dear Civilians,
We know that the current state of affairs in our great nation have many civilians up in arms and excited to join the military.
For those of you who can't join, you can still lend a hand.
Here are a few of the areas we would like your assistance with:
The next time you see an adult talking (or wearing a hat) during the playing of the National Anthem ... ....... kick their ass.
When you witness firsthand someone burning the American Flag in protest... kick their ass.
Regardless of the rank they held while they served, pay the highest amount of respect to all veterans.
If you see anyone doing otherwise, quietly pull them aside and explain how these Veterans fought for the very freedom they bask in every second.
Enlighten them on the many sacrifices these Veterans made to make this Nation great.
Then hold them down while a Disabled Veteran
........... kicks their ass.
(GUYS) If you were never in the military, DO NOT pretend that you were.
Wearing battle dress uniforms (BDU's), telling others that you used to be "Special Forces," and collecting GI Joe memorabilia, might have been okay if you were still seven.
Now, it will only make you look stupid and get your ......... ass kicked.
Next time you come across an Air Force member, do not ask them,
"Do you fly a jet?"
Not everyone in the Air Force is a pilot.
Such ignorance deserves
.......... an ass kicking (children are exempt).
If you witness someone calling the U.S. Coast Guard non military, inform them of their mistake...
........... and kick their ass.
Roseanne Barr's singing of the National Anthem is not a blooper...
it was a disgrace and disrespectful.
Laugh,
...... and sooner or later your ass will be kicked.
Next time Old Glory (U.S. flag) prances by during a parade, get on your damn feet and pay homage to her by placing your hand over your heart.
Quietly thank the military member or veteran lucky enough to be carrying her...of course, failure to do
either of those could earn you a severe ass kicking.
What Jane Fonda did during the Vietnam War makes her the enemy.
The proper word to describe her is "traitor." Just mention her nomination for "Woman of the Year"
............... and get your ass kicked.
Don't try to discuss politics with a military member or a veteran.
We are Americans and we all bleed the same regardless of our party affiliation.
Our Chain of Command, is to include our commander in Chief.
The President (for those who didn't know) is our CIC regardless of political party.
We have no inside track on what happens inside those big important buildings where all those representatives" meet.
All we know is that when those civilian representatives screw up the situation, they call upon the military to go straighten it out. The military member might direct you to Oliver North.
....... (I can see him kicking your ass already.)
"Your mama wears combat boots" never made sense to me ...
stop saying it!
If she did, she would most likely be a vet and
............. probably kick your ASS ...!!
Bin Laden and the Taliban are not communists, so stop saying "Let's go kill those Commie's!!!"
And stop asking us where he is!!!! Crystal balls are not standard issue in the military.
That reminds me ...
if you see anyone calling those damn psychic phone numbers; let me know, so
............. I can go kick their ass.
Flyboy (Air Force), Jar Head (Marines), Grunt (Army), Squid (Navy) etc, are terms of endearment we use describing each other.
Unless you are a service member or vet, you have not earned the right to use them.
.................. Could get your ass kicked.
Last but not least, whether or not you become a member of the military, support our troops and their families.
Every Thanksgiving and religious holiday that you enjoy with family and friends please remember that there are,
literally, thousands of sailors and troops far from home wishing they could be with their families.
Thank God for our military and the sacrifices they make every day.
Without them,
our country
................... would get its ass kicked ... !!
•
IAMR - 1X50 R/S = ( IANR ) ...
03/31/2003
IAMR** Interamerican Resources Inc
IANR Interamerican Resources Inc New
.............. (1-50 R/S)
WTAI - - World Transport Authority Quick Quote:
WTAI(no quote)
World Transport Authority Announces Resignation 3/28/03
EL CAJON, Calif., Mar 28, 2003 (PRIMEZONE via COMTEX) --
Lyle Wardrop, President of World Transport Authority, Inc. (WTAI) (OTCBB:WTAI) (Frankfurt:920943), announced today that Douglas Norman has resigned from the company effective immediately. Mr. Norman is a founder of WTAI, which developed the WorldStar utility vehicle and Micro-Manufacturing process. Mr. Norman played a vital role in the research and development conducted by the Company, and continued to provide International Sales services for the company.
'Mr. Norman, the founder of World Transport Authority, Inc., has resigned effective immediately to pursue issues that require his full attention at this time,'commented Mr. Wardrop. 'The company is still focusing on current opportunities that are in various stages of negotiation. We will proceed with a positive outlook and progress towards securing the interests of the company and its shareholders.'Mr. Wardrop noted that the duties and responsibilities of International Sales will be taken over by Mr. John Tidy, a recently named Director. John has been with the company for almost three years as the Vice President of Operations.
It is the mission of WTAI to provide motorized multi-purpose utility vehicles that are durable, reliable and low cost for the benefit of developing countries using our unique WorldStar Micro-Manufacturing process. We are also committed to providing this benefit utilizing the most energy efficient and environmentally clean propulsion technology that is scientifically possible.
ADSX - - Dow Jones Business News
Applied Digital Unit Gets New Government Pact
Friday March 28, 10:51 am ET
PALM BEACH, Fla. (Dow Jones)--Applied Digital Solutions Inc.'s Computer Equity unit received a new contract to provide telecommunications services and equipment to the government's general services administration.
The newest contract replaces a wire and cable services contract that is expiring, Applied Digital said in a press release Friday.
The Computer Equity unit generated more than $31 million in revenue in 2002 from the previous contract, which was originally awarded in 1997. Applied Digital had revenue from continuing operations of $23.9 million in the first nine months of 2002.
The new contract is an indefinite delivery, indefinite quantity agreement with a base period of three years, with five successive one-year options. Financial terms weren't disclosed.
On Thursday, Applied Digital announced Chairman and Chief Executive Richard Sullivan retired, and also said it received a forbearance agreement from International Business Machines Corp.'s (IBM) credit unit.
Shares of Applied Digital recently traded heavily on the Nasdaq market, changing hands at 54 cents, up 22 cents, or 68.7%, on composite volume of 21.2 million shares. Average daily volume is 3.1 million shares.
-Kara Wetzel; Dow Jones Newswires; 201-938-5400
ADSX - - Dow Jones Business News
Applied Digital Unit Gets New Government Pact
Friday March 28, 10:51 am ET
PALM BEACH, Fla. (Dow Jones)--Applied Digital Solutions Inc.'s Computer Equity unit received a new contract to provide telecommunications services and equipment to the government's general services administration.
The newest contract replaces a wire and cable services contract that is expiring, Applied Digital said in a press release Friday.
The Computer Equity unit generated more than $31 million in revenue in 2002 from the previous contract, which was originally awarded in 1997. Applied Digital had revenue from continuing operations of $23.9 million in the first nine months of 2002.
The new contract is an indefinite delivery, indefinite quantity agreement with a base period of three years, with five successive one-year options. Financial terms weren't disclosed.
On Thursday, Applied Digital announced Chairman and Chief Executive Richard Sullivan retired, and also said it received a forbearance agreement from International Business Machines Corp.'s (IBM) credit unit.
Shares of Applied Digital recently traded heavily on the Nasdaq market, changing hands at 54 cents, up 22 cents, or 68.7%, on composite volume of 21.2 million shares. Average daily volume is 3.1 million shares.
-Kara Wetzel; Dow Jones Newswires; 201-938-5400
PCBM - - PRESS RELEASE ... !!
Password?
US NewsCanadian NewsAustralian News
NASDAQ / NYSE / AMEX
Pinnacle Business Management Inc.Quick Quote:
PCBM(no quote)
Capital Research Group Announces Investment Opinion: Stocks To Watch! 3/28/03
WESTON, FL, Mar. 28, 2003 (INTERNET WIRE via COMTEX) --
Watch American Water Star Inc. (OTC BB: AMWS). AMWS just released more positive news! We expect great things from this stock in the short-term! Other stock market standouts include: Pinnacle Business Management Inc. (OTC BB: PCBM): Market Perform, down 33% on 364 million shares, XM Satellite Radio Holdings Inc. (NASDAQ: XMSR): Market Underperform, up 15% on 17 million shares, Exus Networks Inc. (OTC BB: EXUS): Market Perform, up 43% on 4 million shares.
'The Dow Jones industrial average finished with a 28.43-point loss, stopping at 8,201.45, after having been down in the triple digits in morning dealings. The Nasdaq climbed into positive territory with about an hour to go, but faced some last minute selling for a 3.20-point dip, to 1,384.25,'stated Peter Antipatis. More is available at: www.thesubway.com/sub_comm.asp.
All material herein was prepared by Capital Research Group, Inc. (CRG) based upon information believed to be reliable. The information contained herein is not guaranteed by CRG to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on www.thesubway.com or mentioned herein. CRG has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion. (one hundred twelve thousand shares for AMWS) CRG intends to sell its shares. CRG has sold approximately fifteen thousand AMWS shares to date. CRG may sell its shares for less than the target price given in this opinion. CRG's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Peter Antipatis, CRD number 2955420. CRG will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
Charles T. Tamburello Capital Research Group Inc., Weston 954-217-9555
Copyright 2003 Internet Wire, All rights reserved.
©
PCBM - - PRESS RELEASE ... !!
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Capital Research Group Announces Investment Opinion: Stocks To Watch! 3/28/03
WESTON, FL, Mar. 28, 2003 (INTERNET WIRE via COMTEX) --
Watch American Water Star Inc. (OTC BB: AMWS). AMWS just released more positive news! We expect great things from this stock in the short-term! Other stock market standouts include: Pinnacle Business Management Inc. (OTC BB: PCBM): Market Perform, down 33% on 364 million shares, XM Satellite Radio Holdings Inc. (NASDAQ: XMSR): Market Underperform, up 15% on 17 million shares, Exus Networks Inc. (OTC BB: EXUS): Market Perform, up 43% on 4 million shares.
'The Dow Jones industrial average finished with a 28.43-point loss, stopping at 8,201.45, after having been down in the triple digits in morning dealings. The Nasdaq climbed into positive territory with about an hour to go, but faced some last minute selling for a 3.20-point dip, to 1,384.25,'stated Peter Antipatis. More is available at: www.thesubway.com/sub_comm.asp.
All material herein was prepared by Capital Research Group, Inc. (CRG) based upon information believed to be reliable. The information contained herein is not guaranteed by CRG to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on www.thesubway.com or mentioned herein. CRG has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion. (one hundred twelve thousand shares for AMWS) CRG intends to sell its shares. CRG has sold approximately fifteen thousand AMWS shares to date. CRG may sell its shares for less than the target price given in this opinion. CRG's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Peter Antipatis, CRD number 2955420. CRG will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
Charles T. Tamburello Capital Research Group Inc., Weston 954-217-9555
Copyright 2003 Internet Wire, All rights reserved.
©
VCSY - - Press ReleaseSource: NOW Solutions, LLC
NOW Solutions Unveils emPath(TM) 6.2; Envisioning the Future, Leading the Way
Friday March 28, 10:00 am ET
FORT WORTH, Texas, March 28 /PRNewswire/ -- Building upon 31 years of leadership in the HRMS marketplace, NOW Solutions, LLC, a majority owned subsidiary of Vertical Computer Systems, Inc. (OTC Bulletin Board: VCSY - News), today announced the release of emPath(TM) 6.2.
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emPath(TM), a Web-based HRMS solution, is a clear expression of supreme efficiency and grand performance. Tightly integrating the organization's human resources and payroll functions, emPath(TM) provides comprehensive administrative and workflow capabilities, as well as employee empowerment via employee and manager self-service.
Since emPath(TM) was unveiled for the first time in September 2001, NOW Solutions' product management team has collaborated much feedback from thousands of users about how they are using emPath(TM). "We have always prided ourselves in being very responsive to customer needs when it comes to the development of emPath(TM)," says Kent Orgain, Vice President Development, NOW Solutions. "With more than 70 new features and enhancements, this new version is a reflection of our commitment to being the leader in the HRMS marketplace. Our track record for innovation, reliability and results places us far ahead of the competition."
Our vision for this particular release was to enhance emPath(TM)'s support for the ever-changing and demanding needs of the workplace. emPath(TM) 6.2 includes noteworthy enhancements to workflow processing, employee self-service and manager self-service. emPath(TM)'s workflow functionality allows users the ability to streamline business processes, reducing the amount of time human resources and payroll professionals expend on administrative duties and paperwork. Using a standard Web browser, emPath(TM) Employee Self-Service allows employees the opportunity to view, and where permitted, modify personal work-related information. Additionally, managers and executives have similar capabilities on their desktop. Managers and executives can retrieve and navigate through employee information, create requests and manage approvals for important workplace changes. Additional benefits of emPath(TM) include Web-browser-based access, simplified installation, rapid and easy configuration, streamlined administration, zero-maintenance desktops, and embedded users guides.
With the deployment of emPath(TM), one large manufacturing customer reports, "We have stopped the printing of direct deposit advices for all of our salaried employees since pay stubs are available on emPath(TM) Employee Self-Service (ESS). We estimate this will save us the cost of printing, handling, and mailing 30,000 deposit advices per year for the 2,000 employees we have on ESS. We estimate these savings to be $50,000 per year for postage and forms. We estimate the savings for labor to be an additional $100,000 to $150,000 per year. While saving money for the company, ESS also allows us to improve service to our employees."
"emPath(TM) 6.2 was created in direct response to the demands of the market and will certainly raise the bar in the HRMS marketplace," said Carmelina Uggenti, Vice President Sales & Marketing, NOW Solutions. "As the HRMS environment evolves, our customers and prospects expect more than just another release every few months. They demand useful features, functionality, and technology that adds sustained value in their working environment. True operational efficiency and employee empowerment can now be achieved by placing appropriate information directly in the hands of employees, managers and executives. Furthermore, emPath(TM)'s unique architecture and design favourably responds to the critical challenge in delivering a successful HRMS implementation. Our solution enables organizations of all sizes to adopt and deploy an HRMS solution in a relatively short-timeframe."
Though emPath(TM) 6.2 was just recently launched, customers have already started to observe improved business value. "The Web-based product has enabled us to cut our payroll processing time by 50%. Process changes have also had a positive impact on our entire organization," said Sheilagh Sims, HRIS Administrator for Bethany Care Society.
About NOW Solutions, LLC
NOW Solutions, LLC, a majority owned subsidiary of Vertical Computer Systems, Inc., is a best-of-breed HRMS and payroll software and business solutions provider. A pioneer in HRMS solutions, NOW Solutions provides the capabilities companies need to manage their ever-changing workplace in the face of today's complex requirements. NOW Solutions is a respected business partner serving hundreds of customers throughout the United States and Canada. NOW Solutions' presence can be found in industries including education, for profit services, healthcare, high technology and communications, insurance, manufacturing, natural resources, not for profit, public sector, retail, transportation, and utilities. NOW Solutions has offices in Fort Worth, San Francisco Bay Area, and Toronto to serve its customers. Information on NOW Solutions and its products can be obtained on the World Wide Web at www.nowsolutions.com .
TMWD - - Press ReleaseSource: Tumbleweed Communications Corp.
Tumbleweed Granted Two New Patents
Friday March 28, 9:02 am ET
Internet Messaging Company Expands Patent Portfolio to Twelve Patents
REDWOOD CITY, Calif.--(BUSINESS WIRE)--March 28, 2003--Tumbleweed® Communications Corp. (Nasdaq:TMWD - News), a leading provider of secure messaging applications for businesses and government organizations using the Internet, today announced that it has been granted U.S. Patent No. 6,516,411 and U.S. Patent No. 6,529,956 by the U.S. Patent and Trademark Office.
U.S. Patent No. 6,516,411, titled "Method and Apparatus for Effecting Secure Document Format Conversion," covers a method of delivering electronic information securely by using server-based encryption and decryption.
U.S. Patent No. 6,529,956, titled "Private, Trackable URLs for Directed Document Delivery," covers the use of multiple personalized, trackable URLs to deliver electronic information. The patent is a continuation of Tumbleweed's U.S. Patent No. 6,192,407.
Tumbleweed's patent portfolio includes 12 granted U.S. patents and over 20 pending U.S. patent applications. The patent portfolio broadly covers secure communication, including the binding of content to electronic identity, over Internet standards.
NEW YORK - March 28 is G-Day for "pro forma."
The bubble metric, which often stripped out nonrecurring charges or revenue, isn't completely going away. But today, when the U.S. Securities and Exchange Commission's Regulation G goes into effect, reporting companies will be required to highlight Generally Accepted Accounting Principal numbers alongside any non-GAAP numbers.
Over the past 18 months, investors and regulators have started to demand GAAP numbers and a traceable reconciliation between pro forma and GAAP figures. And most companies have complied. But now reconciliation is required and any failure to do so will bring the wrath of an SEC empowered by Sarbanes-Oxley.
Regardless of whether the numbers appear on a press release, in a presentation or on a conference call, a company must show the audience how to get from one number to the other.
"This day marks a significant event in that it is a nonevent," says Steve Schultz, director of governance programs at Shareholder.com, a privately held investor relations services firm in Maynard, Mass. Schultz says most companies had already begun reconciling non-GAAP numbers before the deadline. He says the behavior toward regulation is changing for many clients: "They are doing things differently."
Even Tyco International (nyse: TYC - news - people ), with its self-defined "free cash flow from operations" figure, has been turning in earnings releases that show GAAP and non-GAAP reconciliation side by side.
But, cautions Jack Ciesielski, "the act of monitoring behavior changes behavior." Ciesielski, author of newsletter The Analyst's Accounting Observer, thinks companies are more worried about how investors will receive deeper disclosure on off-balance sheet arrangements and contractual obligations.
For companies with fiscal years ending after June 15, details of off-balance sheet arrangements (special-purpose or variable-interest entities, derivative hedges and more) must be separately discussed in quarterly SEC filings. After the first wave of Enron (otc: ENRNQ - news - people ) special-purpose entities were exposed, companies from General Electric (nyse: GE - news - people ) to Dell Computer (nasdaq: DELL - news - people ) began giving more information on financial entities not consolidated within their own statements.
"Once Enron hit, everyone said 'We don't have any' or 'We have them and here's the business purpose,'" says David Larcker, an accounting professor at University of Pennsylvania's Wharton School. Now, going even further, the SEC is requiring companies to not just explicitly expose their special-purpose entities, but also to detail ways in which those entities could have a material financial impact on the companies' results.
As if investors don't already have enough new things to consider when picking a stock--Is there a financial expert on the audit committee? When will they expense options?--now investors will be supplied with "if, thens" for items they never knew existed.
Shareholders of Plano, Texas-based Electronic Data Systems (nyse: EDS - news - people ), no doubt, would have been up in arms had they known of the attempted profiteering on the company's own stock gains. The speculation backfired on the computer services firm and it reportedly took a $100 million hit in 2002 due to poor hedging.
Greg Fletcher, director of financial accounting and reporting for the Association of Financial Professionals (AFP), believes that some of the new rules being considered by the SEC or the Financial Accounting Standards Board could ultimately be detrimental. For example, the SEC is considering requiring firms to discuss accounting estimates in regulatory filings. For Fletcher, that notion--and the requirement that companies disclose certain material financial events in less time--opens a bit too much of the private black box that keeps business competitive.
"Some of that information is proprietary," says Fletcher. "It could serve to cloud the management's discussion and analysis as opposed to making it more transparent."
In a letter to the SEC last summer, AFP, a Bethesda, Md.-based organization of more the 14,000 financial executives, recommended that the commission limit disclosure to a qualitative discussion of certain accounting principles. AFP's worry was that companies might end up having to "quantify hypothetical effects of unknown changes in variables that affect the estimate."
That sounds more like the voodoo pulled by outsized estimates in the 1990s than a remedy for such excesses.
Still, the entire market community--from regulators, to bankers, to investors--has a duty of its own to recognize the intentions of recent rulemaking: to clear out all the companies like HealthSouth (nyse: HRC - news - people ) so that investors can trust the market again.
The first milestone event in the Sarbanes-Oxley era came in late August 2002 when chief executives and chief financial officers were required to sign off on financial statements. Today's event has not received nearly as much attention from the public. Nor should it: Companies are slowly getting the message to do what's right, or else.
NEW YORK - March 28 is G-Day for "pro forma."
The bubble metric, which often stripped out nonrecurring charges or revenue, isn't completely going away. But today, when the U.S. Securities and Exchange Commission's Regulation G goes into effect, reporting companies will be required to highlight Generally Accepted Accounting Principal numbers alongside any non-GAAP numbers.
Over the past 18 months, investors and regulators have started to demand GAAP numbers and a traceable reconciliation between pro forma and GAAP figures. And most companies have complied. But now reconciliation is required and any failure to do so will bring the wrath of an SEC empowered by Sarbanes-Oxley.
Regardless of whether the numbers appear on a press release, in a presentation or on a conference call, a company must show the audience how to get from one number to the other.
"This day marks a significant event in that it is a nonevent," says Steve Schultz, director of governance programs at Shareholder.com, a privately held investor relations services firm in Maynard, Mass. Schultz says most companies had already begun reconciling non-GAAP numbers before the deadline. He says the behavior toward regulation is changing for many clients: "They are doing things differently."
Even Tyco International (nyse: TYC - news - people ), with its self-defined "free cash flow from operations" figure, has been turning in earnings releases that show GAAP and non-GAAP reconciliation side by side.
But, cautions Jack Ciesielski, "the act of monitoring behavior changes behavior." Ciesielski, author of newsletter The Analyst's Accounting Observer, thinks companies are more worried about how investors will receive deeper disclosure on off-balance sheet arrangements and contractual obligations.
For companies with fiscal years ending after June 15, details of off-balance sheet arrangements (special-purpose or variable-interest entities, derivative hedges and more) must be separately discussed in quarterly SEC filings. After the first wave of Enron (otc: ENRNQ - news - people ) special-purpose entities were exposed, companies from General Electric (nyse: GE - news - people ) to Dell Computer (nasdaq: DELL - news - people ) began giving more information on financial entities not consolidated within their own statements.
"Once Enron hit, everyone said 'We don't have any' or 'We have them and here's the business purpose,'" says David Larcker, an accounting professor at University of Pennsylvania's Wharton School. Now, going even further, the SEC is requiring companies to not just explicitly expose their special-purpose entities, but also to detail ways in which those entities could have a material financial impact on the companies' results.
As if investors don't already have enough new things to consider when picking a stock--Is there a financial expert on the audit committee? When will they expense options?--now investors will be supplied with "if, thens" for items they never knew existed.
Shareholders of Plano, Texas-based Electronic Data Systems (nyse: EDS - news - people ), no doubt, would have been up in arms had they known of the attempted profiteering on the company's own stock gains. The speculation backfired on the computer services firm and it reportedly took a $100 million hit in 2002 due to poor hedging.
Greg Fletcher, director of financial accounting and reporting for the Association of Financial Professionals (AFP), believes that some of the new rules being considered by the SEC or the Financial Accounting Standards Board could ultimately be detrimental. For example, the SEC is considering requiring firms to discuss accounting estimates in regulatory filings. For Fletcher, that notion--and the requirement that companies disclose certain material financial events in less time--opens a bit too much of the private black box that keeps business competitive.
"Some of that information is proprietary," says Fletcher. "It could serve to cloud the management's discussion and analysis as opposed to making it more transparent."
In a letter to the SEC last summer, AFP, a Bethesda, Md.-based organization of more the 14,000 financial executives, recommended that the commission limit disclosure to a qualitative discussion of certain accounting principles. AFP's worry was that companies might end up having to "quantify hypothetical effects of unknown changes in variables that affect the estimate."
That sounds more like the voodoo pulled by outsized estimates in the 1990s than a remedy for such excesses.
Still, the entire market community--from regulators, to bankers, to investors--has a duty of its own to recognize the intentions of recent rulemaking: to clear out all the companies like HealthSouth (nyse: HRC - news - people ) so that investors can trust the market again.
The first milestone event in the Sarbanes-Oxley era came in late August 2002 when chief executives and chief financial officers were required to sign off on financial statements. Today's event has not received nearly as much attention from the public. Nor should it: Companies are slowly getting the message to do what's right, or else.
Soddom's wife flees Iraq ... !!
http://www.finitesite.com/irishbull/moab.jpg
ThankYa my man ... Gotta get caught up on these Audios ...
(takes time to load)
Soddom's wife flees Iraq .. !!
http://www.finitesite.com/irishbull/moab.jpg
ADSX - - Press ReleaseSource: Applied Digital Solutions Inc.
Applied Digital Solutions' Government Telecommunications - GTI - Unit Wins Multi-Year Contract from the Federal Government's General Services Administration
Friday March 28, 7:01 am ET
Award to GTI is part of GSA's $35 billion CONNECTIONS program in which 17 suppliers will provide telecommunications services and equipment to federal agencies
PALM BEACH, Fla.--(BUSINESS WIRE)--March 28, 2003-- Applied Digital Solutions, Inc. (Nasdaq:ADSX - News), an advanced technology development company, today announced that its business unit, Government Telecommunications (GTI) - a subsidiary of Computer Equity, Inc. - has been awarded a multi-year contract by the General Services Administration's Federal Technology Service (FTS) as part of the agency's $35 billion CONNECTIONS program.
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The CONNECTIONS program replaces the expiring FTS Wire and Cable Services contract. In 2002, GTI booked $38 million in orders and generated over $31 million in revenue from the Wire and Cable Services contract, which was first awarded in 1997.
In addition to GTI, 16 other suppliers will participate in the CONNECTIONS program to provide telecommunications equipment and services to agencies of the federal government. The contracts are eight-year multiple award, indefinite delivery, indefinite-quantity (IDIQ) contracts with a base period of three years and five successive one-year options.
Tom Cuneo, Vice President for Sales and Marketing, led the GTI CONNECTIONS Capture Team. The GTI Program Manager is Bill Leonard, Vice President for Strategic Programs.
"This contract award is tremendous news, for our customers, for GTI and for Applied Digital Solutions," said Frank E. Lalley, President and CEO of GTI. "It enables continuity of service for our long-term customers, and provides an opportunity for GTI to develop relationships with new agencies."
Mr. Lalley joined Applied Digital's Computer Equity subsidiary in January 2002 after a distinguished, 35-year career in the federal government. Most recently, Mr. Lalley served as Assistant Commissioner for Service Delivery in the General Services Administration's Federal Technology Service. Last May, Mr. Lalley acquired the additional title of Vice President for Government Solutions, a position aimed at meeting government needs for the Company's advanced technology products, such as VeriChip(TM), Thermo Life(TM) and Digital Angel(TM).
About the General Services Administration (GSA)
GSA is a centralized federal procurement and property management agency created by Congress to improve government efficiency and help federal agencies better serve the public. It acquires, on behalf of federal agencies, office space, equipment, telecommunications, information technology, supplies, and services. GSA, comprised of 14,000 associates, provides services and solutions for the office operations of over 1 million federal workers located in 8,300 government-owned and leased buildings in 1,600 U.S. communities.
About Government Telecommunications (GTI)
GTI, a subsidiary of Computer Equity, Inc. (Compec), is headquartered in Chantilly, Virginia. With a revenue base that exceeds $30 million, GTI specializes in designing, deploying and maintaining voice, data and video telecommunications networks for agencies of the federal government. Key customers include the Departments of Defense, Justice and Agriculture, and the Social Security Administration.
I'm just pulling yer chain, Capt-n ....
This board is almost 1st read in a.m. ...
and it does alert-us ... (tnx, to you) ....
Keep em coming .... !!
HCOM - (notice of R/Split + Added sh. to 300 Ml) HomeCom Communications Announces Acquisition of Major Licenses
ATLANTA--(BUSINESS WIRE)--March 27, 2003--HomeCom Communications, Inc (OTCBB:HCOM) announced today that the Company has agreed to license an environmental technology portfolio consisting of technologies know as EKOR, HINPU and ElectroMagnetic Radiography (EMR) from Eurotech, Ltd. (EUOT.PK).
Pursuant to a License and Exchange Agreement executed by HomeCom and Eurotech, at the closing of the transactions contemplated by such agreement, Eurotech will receive 11,250 newly authorized and issued shares of HomeCom Series F Convertible Preferred Stock, 1,069 newly authorized and issued shares of HomeCom Series G Convertible Preferred Stock and a 7% royalty payment on net sales of products developed using technology licensed to HomeCom.
The proposed transactions are subject to the satisfaction of certain conditions set forth in the License and Exchange Agreement.
The shares of Series F Convertible Preferred Stock have conversion rights, which will enable Eurotech to convert into shares of common stock, assuming the future authorization of such shares of common stock by HomeCom's stockholders. Upon such authorization and subsequent conversion, Eurotech will hold approximately 75% of the outstanding common stock of HomeCom.
In addition, certain other parties are receiving shares of Series F Convertible Preferred Stock, which is convertible into common stock equal to approximately 15% of the outstanding common stock of HomeCom.
Concurrently with the entry into of the License and Exchange Agreement, Eurotech's preferred stockholder has agreed to cancel its rights to receive approximately 10,000,000 shares of Eurotech common stock in exchange for the Series G Convertible Preferred Stock of HomeCom being received by Eurotech.
The Series G Convertible Preferred Stock of HomeCom is convertible into shares of HomeCom common stock at a percentage of the market value. The license of the technology is subject to cancellation if certain conditions forth in the License and Exchange agreement to be entered into between the parties are not satisfied.
EMR is intended for imaging of subterranean nuclear and hazardous wastes in ground and marine settings, and for oil exploration. Interested licensee resin/binder formulators for HNIPU are being evaluated with a goal of finalizing a new technology transfer partner, anticipated no later than third quarter 2003, as previously announced.
EKOR is in production and being marketed to nuclear waste managers in the US and abroad.
In anticipation of the transaction, Lawrence Shatsoff and Daniel Danovitch have resigned from the HomeCom board, and at the closing of the transaction, Don Hahnfeldt, the Chairman of the Board of Eurotech, and Dr. Randolph Graves, a director and the Chief Financial Officer and Vice President of Eurotech were elected to the HomeCom board.
HomeCom announced that its board of Directors is proposing an increase in authorized shares to 300 million shares of Common Stock and a reverse stock split. These matters will be voted upon at a forthcoming shareholders meeting together with the previously announced Asset Purchase Agreement with Tulix Systems, Inc for the sale of HomeCom's existing web-hosting and maintenance business.
Details of these transactions are or will be available in Eurotech's and HomeCom's filings with the Securities and Exchange Commission.
About HomeCom Communications, Inc.
Prior to entering into the transaction with Eurotech, HomeCom was winding down its operations and, to the extent possible, planning to sell its remaining assets. HomeCom currently has one remaining business, its hosting and website maintenance business. The Company has negotiated an agreement to sell substantially all of the assets of its hosting and Website maintenance business to Tulix Systems, Inc.
If completed, the sale of this business will leave the Company with licensed Eurotech business as it operating business.
USTI - - United Systems Technology, Inc. Announces 2002 Results
DALLAS--(BUSINESS WIRE)--March 27, 2003--United Systems Technology, Inc. (OTC:USTI) announced today that revenues for the year ended December 31, 2002 were $3,618,907, an increase of 20% from the revenues of $3,014,631 reported for the year ended December 31, 2001. The company had net income of $555,814 in 2002 as compared to net income of $519,391 for the comparable period in 2001, an increase of 7% in 2002 over the comparable reported net income for 2001.
The Company continued to increase its revenue during 2002 through internal and external growth. The Company has completed the development of several new software products, which enhances the competitiveness of its comprehensive software offering. These products are marketed under the asyst(R) brand name, were developed as Windows applications to "look and work like Microsoft Office," and include a Fund Accounting product line, a Utility Billing product line, a General Government product line and a Public Safety product line. The Fund Accounting product line includes General Ledger, Budget XLence, Report XLence, Accounts Payable, Accounts Receivable, Purchase Orders, Cash Receipts, Payroll and Fixed Assets modules. The Utility Billing product line includes Utility Billing, Service Orders, Meter Reader Interface, Bank Drafts and Budget Billing modules. The General Government product line includes Master and Land Directories, Business and Animal Licenses, Code Enforcement, Building Permits and Property Tax modules. The Public Safety product line includes Master Name Index, Calls for Service, Offense Reports, Citations, State Interface, Computer Aided Dispatch, Jail Management, Alarm Billing and UCR Reports modules. The Company is currently developing additional modules for its asyst(R) product line to add to its existing asyst(R) offerings including an asyst(R) for Powersports product line. The asyst(R) for Powersports product line will include the core asyst(R) accounting modules and will have the additional functionality of point of sale, inventory, repair orders, finance and insurance and fiche interface. The Company believes its asyst(R) product line will continue to offer its current and prospective customers an attractive software solution, both from a financial and functionality standpoint.
Stuck Dildo
Sue went to her gynecologist when she got her vibrator stuck inside of her.
"To remove that vibrator," said the doctor,
"I'm going to have to perform an operation."
"I don't think I can afford that" said Sue.
"Could you just
...................... replace the batteries?"
**************************************
Capt-n >>
tain't der ever any good NEWS to report on this Scam Bd ... ?? ... SSHeeeesSH .... !! .. tee, hee ..!!