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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.
ADVERTISEMENT
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.
ADVERTISEMENT
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 ..!!
SCYA - - Security Asset Capital Corp. Adds Director and CTO 3/27/03
SAN DIEGO, Mar 27, 2003 (BUSINESS WIRE) --
Security Asset Capital Corp. (OTCBB:SCYA) has announced today additions to its Board of Directors and Executive Management Staff.
Steven King joins the Board of Directors bringing a strong background in business and technology. King is a successful businessman and angel investor specializing in high technology; including networking, telecommunications, software, Internet business solutions and computer components. King currently is the Chairman and founder of Solarsoft Ltd., a U.K.-based network security company providing data protection software for personal, mobile, wireless and corporate users. King is also a Director and Investor of Qualistics Inc., a San Diego-based CRM application software vendor whose clients include McDonalds, Bell South and Domino's.
Bernard J. Tyler will join the company as its Chief Technology Officer. Tyler has over 30 years'experience managing technology developments for SAIC, Computer Associates and Hughes Aircraft Company. For the past 10 years, he has worked in executive positions with several San Diego emerging Internet technology companies. Most recently Tyler served as the Vice President of Engineering at Path 1 Network Technologies Inc., a leader in Video over IP solutions.
Security Asset Capital Corp.'s Chairman and interim CEO, Daniel J. Hill, said, 'The additions of Steven King and Bernie Tyler will bring focus and drive to Security Asset; setting a new pace toward success.'
This news release includes 'forward-looking statements'that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to produce and market products and/or services and other risks detailed from time to time in their company's reports filed with the Sec
BLSI - - Press ReleaseSource: Boston Life Sciences, Inc.
Boston Life Sciences' Stock to Commence Trading on the Nasdaq Smallcap Market on March 27, 2003
Thursday March 27, 9:03 am ET
BOSTON--(BUSINESS WIRE)--March 27, 2003--Boston Life Sciences, Inc. (NASDAQ: BLSI - News) announced that it had received notification from a Nasdaq Listing Qualifications Panel that the Panel had determined to transfer the listing of the Company's securities to The Nasdaq SmallCap Market effective with the open of business on Thursday, March 27, 2003. Shares of the Company's securities will continue to be listed as BLSI. The Panel's decision was made in response to the Company's appeal of a Nasdaq Staff Determination Letter dated January 16, 2003 which stated that the Company failed to comply with the stockholders' equity requirement for continued listing on The Nasdaq markets.
The Panel indicated that its decision was based, in part, on the Company's completion of a private placement on March 12, 2003 which raised $10 million in gross proceeds. The rules of the Nasdaq SmallCap market require the Company to maintain stockholder's equity of at least $2.5 million. For additional information about the Company's financial position, interested parties should read the current report on Form 8-K to be filed with the Securities and Exchange Commission.
ADSX - - Applied Digital Solutions Quick Quote:
ADSX(no quote)
Applied Digital Solutions Agrees to Forbearance Agreement with IBM Credit, LLC, the Company's Senior Secured Lender 3/27/03
PALM BEACH, Fla., Mar 27, 2003 (BUSINESS WIRE) --
Applied Digital Solutions, Inc. (Nasdaq:ADSX), an advanced technology development company, announced today that it has agreed to the terms of a forbearance agreement with IBM Credit LLC, the Company's senior secured lender, granting Applied Digital more favorable loan repayment terms and more time in which to meet its current obligations to IBM Credit. The specific terms of the agreement have been attached as an exhibit to the Company's form 8-K to be filed today.
In summary, the terms of the agreement include, but are not limited to, the following:
-- The forbearance by IBM Credit of the current outstanding obligation (of approximately $95 million) owed by Applied Digital, subject to continued compliance with the covenants in the Forbearance Agreement and Credit Agreement. -- Various purchase rights of Applied Digital to buy back its existing indebtedness from IBM Credit. These rights include a one-time payment, on or before June 30, 2003, of $30 million. If this particular payment is made, Applied Digital would satisfy its full obligation to IBM Credit. -- A substantial reduction in the effective interest rate. -- The implementation of certain agreed procedures, including the engagement of an investment banker, to facilitate the valuation and potential sale of some or all of the shares of Digital Angel Corporation held beneficially by Applied Digital through the Digital Angel Share Trust. -- The imposition of additional limitations on permitted expenditures by Applied Digital. -- The dismissal of the complaint filed by Applied Digital on March 6, 2003, against IBM Credit and IBM Corporation.
The Company also announced that Richard J. Sullivan has retired from his positions as Chairman and CEO, effective March 21, 2003. Applied Digital's Board of Directors negotiated a severance agreement, reduced from the terms of Mr. Sullivan's existing employment contract, providing for a one-time payment of approximately $10.6 million in restricted stock instead of a potential $17 million obligation contained in Mr. Sullivan's employment contract.
At the request of the Board of Directors, Scott R. Silverman, who has served as Applied Digital's President since March 2002 and who led the most recent discussions with IBM Credit, will assume the titles of Chairman and CEO, effective immediately.
A graduate of the University of Pennsylvania (1985) and Villanova University School of Law (1989), Mr. Silverman, 39, began his career as an attorney specializing in commercial litigation and communications law. He has served as General Counsel and later as President of ATI Communications, Inc. In 1996, ATI Communications was acquired by Applied Digital Solutions, Inc. From 1997 to 1999, Mr. Silverman was Vice President, Business Development of Applied Digital. From 1999 to 2001, Mr. Silverman operated his own private-investment banking firm and has provided consulting, merger/acquisition, restructuring and capital market services to public and private companies. Mr. Silverman returned to Applied Digital as a consultant in mid-year 2001.
Former four-term Sen. Daniel Patrick Moynihan, D-New York, dies after a long illness. Watch CNN or log on to http://CNN.com
Derfie, Re: babe pics ...
http://www.madblast.com/view.cfm?type=FunFlash&display=2142
After seeing that pic, Sue, I bawled my head-off ...
.............. (the upper-one, of course) ... !
Castle ... This war s/be profitable ....
As I've stated in other posts, we should win this war,
Start pumping the hell out of the oil ...
Feed & medicate ALL the Iraqi people ....
Keep pumping til this mission is accomplished ...
Take out ALL our expenses, bet the Iraqi's would go along w/this for our Deaths & also the Brits ...
Pump so much oil to drive price back down to $.67 cents ... ( remember THAT ) ....
Neighbors of Iraq will have to drink their own oil ...
Onto Iran, Saudi, Yeman, AND
............... NORTH KOREA .... (again it s/b profitable ....
Subject: What's in a Name
Since history began, the Chinese always believed in the significance
of one's name.
They have developed a very comprehensive system
of naming one's children as it is believed that the name of a person
strongly influences one's destiny and fate.
Astrologers, fortune
tellers, academics and monks are consulted when choosing a
name for the new born.
Most other cultures, however do not really believe in it and tend to brush it off as superstition.
Whether you believe it or not, however, the other cultures are not spared of this correlation.
One very good example is Lee Iacocca, whose name
IACOCCA stands for :
I
Am
Chairman
Of
Chrysler
Corporation
America
coincidence?..........
Look at the following familiar examples.
Bush stands for :
Beat
Up
Saddam
Hussein !
Clinton stands for :
Call
Lewinsky,
I
Need
The
Oral
Now !
However, no one can beat this latest casualty in bad naming
Osama stands for :
Oh
Shit,
American
Missiles
Again!
With all these, you better believe in the 5000 year old Chinese culture and make sure you choose a good name for your children.
g/morn-n, K² >
w/b 74+ % here in Louisville toda ....
Coming your way .... !!
Good Afternoon, folks ... Can't we ALL just-get- along ..??
http://www.octanecreative.com/Parodyville/as_seen/caught.jpg
Amen to that, K² ...
Looks like complete devastation to palaces & govt buildings downtown Baghdad, BUT
the lights, water and electricity is still on for the people .... The Iraqi people know we mean no harm to them ....
Fox News .. !! . SHOCK & AWE Live to begin asap ..!!
HARRR ... !!
Live Cameras in tanks entering Iraq ... !!
......... th-NERVE ... !!
Thot the Bush regime wuz-sooo secretive ...
We just may hear a DimmoRat tell the Media to 'stop this nonsense' .... !!
GIGM -- Dow Jones Business News
GigaMedia Gets Buyout Offer From Management Group
Friday March 21, 7:16 am ET
NEW YORK (Dow Jones)--GigaMedia Ltd.'s board received a $1.20-a-share buyout offer for the company from a management group consisting of all seven senior officers.
The offer represents a 50% premium to GigaMedia's closing price Thursday of 80 cents on Nasdaq and values the company at $60.1 million, based on 50.1 million shares outstanding. GigaMedia's stock closed up 4 cents, or 5.3%, in Nasdaq trading.
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In a press release Friday, GigaMedia said the proposed management buyout would be implemented following a scheme of arrangement provided under Singapore law and is contingent upon certain conditions as specified in the offer letter, including the ability of the management team to secure funding.
The entertainment services provider's board has formed a special committee made up of three directors and Chairman Nelson Chang, to review the offer made by the management group.
A GigaMedia spokesman wasn't available early Friday to provide additional information about the management group and its reasons for initiating the buyout.
Earlier this month, the company cut its fourth-quarter guidance for its broadband business, citing weaker revenue and total subscriber figures. GigaMedia received a noncompliance letter from Nasdaq at the end of January after the company failed to meet the minimum bid price requirement.
Company Web site: http://www.giga.net.tw
-Lisa Reynolds; Dow Jones Newswires; 201-938-5400
GIGM - - 6:59AM GigaMedia receives $1.20 buyout bid from management group (GIGM) 0.80:
Co announces that its board of directors has received a formal offer from GigaMedia's management group, comprised of all seven senior officers of the company, to purchase all of the shares of the company for $1.20 per share.
Heey.. !! wuz you in on WEL ... ?? Tremendous move ...!!
G/M CHU .. !! Not Susie, but g/m ...
GIGM - - Press ReleaseSource: GigaMedia Limited
Management Group Offers to Purchase GigaMedia
Friday March 21, 5:54 am ET
TAIPEI, Taiwan, March 21 /PRNewswire-FirstCall/ -- GigaMedia Limited ("GigaMedia") (Nasdaq: GIGM, www.giga.net.tw), a diversified provider of online and offline entertainment services in Taiwan, today announced its board of directors has received a formal offer from GigaMedia's management group, comprised of all seven senior officers of the company, to purchase all of the shares of the company for $1.20 per share.
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The proposed management buy-out would be implemented pursuant to a scheme of arrangement as provided under Singapore law and is contingent upon certain conditions as specified in the offer letter, including the ability of the management team to secure funding. GigaMedia's board of directors has formed a special committee made up of three directors and Nelson Chang, chairman of GigaMedia, to review the offer made by GigaMedia management.
CHINA - - Press ReleaseSource: chinadotcom corporation
chinadotcom e-Solutions Arm Beats Targets with Hong Kong Arts Festival 2003
Friday March 21, 5:08 am ET
HONG KONG, March 21 /PRNewswire-FirstCall/ -- chinadotcom corporation (Nasdaq: CHINA; Website: www.corp.china.com ), the leading integrated enterprise solutions company in Asia, received positive results for its work on the 2003 Hong Kong Arts Festival websites. 2003 is the fifth consecutive year that its e-Solutions arm has worked with the Hong Kong Arts Festival, and this year online advance ticket bookings posted a 71% increase over the previous year.
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During the past five years, the Arts Festival website has won numerous awards from the Hong Kong Designers Association, the USA WebAwards, Internet World Asia, IDG Web Marketing Excellence and the 4A's Advertising Association.
For this year's festival, chinadotcom e-Solutions developed two websites -- The Hong Kong Arts Festival main site (http://www.hk.artsfestival.org ) and the Young Friends Scheme (http://www.hk.artsfestival.org/sitedesign/yfshome/yfshome.htm ), with the latter providing a fun, friendly way to engage the youth of tomorrow in the rich cultural heritage of the Arts Festival.
Using a palette of rich colors and animation, the user interface and site architectures of both sites were designed to attract users, to encourage them to explore, and to allow them to discover the multitude of events and artists being showcased at this year's event.
All of the key components of both sites, including the database, content management system (CMS), booking functionality and user interface, were developed by chinadotcom's e-Solutions unit. Since the roll-out of the sites, chinadotcom's e-Solutions arm has continued to innovate the online channels, developing email marketing newsletters, surveys, competitions and banner designs in order to drive traffic to the site and maximize their impact.
"We are proud to have been working with the Hong Kong Arts Festival over the past five years," said Herman Cheng, Managing Director of Ion Global, Greater China. "We view the project as our own effort to promote Hong Kong as a regional hub for arts and culture, and we are glad to see the work we have done has delivered such positive results."
"We have enjoyed a long-standing relationship with Ion Global," said Douglas Gautier, Executive Director of the Hong Kong Arts Festival. "Our website continues to be a key component of our marketing strategy, garnering both public support and industry-recognition. This year the Arts Festival reached an average of 90.44% capacity across all performances. We were pleased to see that online advance ticket bookings increased 71% over last year. We have also incorporated email marketing into many of our promotional activities, and so far this has received a strong, positive response."
The 2003 Hong Kong Arts Festival site can be found at www.hk.artsfestival.org .
TALL - - Press ReleaseSource: IVP Technology Corporation
IVP Technology Corporation Announces Seven Contracts For MDI Solutions Group
Thursday March 20, 4:01 pm ET
MDI Receives Signed Contracts for Mount Sinai Hospital, St. Joseph's Health Centre, York Central Hospital and Rouge Valley Health System,
TORONTO, March 20 /PRNewswire-FirstCall/ -- IVP Technology Corporation (OTC Bulletin Board: TALL - News) announced today that its MDI Solutions group, which provides medical data integration services in Canada and the United States, through IVP's wholly owned subsidiary Springboard Technology Solutions Inc., has received multiple contracts with four of the Toronto area's largest hospitals. These contracts are for a combination of time, material and retained consulting services and have an initial term ranging from six to twelve months with four automatically renewing for additional periods.
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The key health centres which are serviced by MDI under these contracts are Mount Sinai, a 462 bed hospital and critical care facility, located in downtown Toronto; St. Joseph's Health Centre, a 350 bed community service facility located in West Toronto; York Central Hospital, a 430 bed community hospital located in Toronto's North West region; and The Rouge Valley Health System, a two site 411 bed hospital health center, located in Toronto's Eastern region. The four health centers are amongst the ten largest hospitals in the Toronto area.
Kevin Birch, President of MDI Solutions and a Senior Vice President with IVP commented that " ... signing Mount Sinai, Rouge Valley, York Central and St. Joseph's to multiple contracts is a real vote of confidence in our MDI Solutions Group and in IVP's enterprise division as a whole. We estimate being able to provide services to these clients well into the future and to expand our role by offering additional products and services as their experience with us grows."
Brian MacDonald, President and CEO of IVP Technology reinforced the importance of the enterprise division's contributions to IVP by commenting that " ... the anticipated growth of the MDI Solutions Group and the enterprise division is expected to provide a rising level of recurring revenue to IVP and its shareholders. We anticipate that there will be continuing and substantial growth in the enterprise division in the future."
About MDI Solutions
MDI Solutions is a technology services and product group within Springboard Technology Solutions Inc. specializing in data integration and systems for the healthcare industry. Based in Toronto, MDI Solutions markets its own proprietary products and provides high quality, comprehensive, reliable, and cost effective integration services to various enterprises. MDI Solutions was founded in 1999 and in 2002 was established as an operating division of Springboard Technology Solutions Inc., a wholly owned subsidiary of IVP Technology Corporation (OTC Bulletin Board: TALL - News). Additional information about MDI Solutions is available at www.mdisolutions.com.
NBEU - - Press ReleaseSource: National Beauty Corp.
National Beauty Corp. Continues 'Aggressive' Expansion Plans
Thursday March 20, 1:00 pm ET
FT. LAUDERDALE, Fla., March 20 /PRNewswire-FirstCall/ -- National Beauty Corp. (OTC Bulletin Board: NBEU - News) Management announced today the Florida office of Hairmax Corporation, will begin the planned development of a Third location in South Florida. The company is presently in final review of a lease for this location, and it is expected the new store, would open in summer 2003, as first phase growth of a projected 8 store development plan for this area. Edward A. Roth, President, stated " We believe in our Hairmax concept, as well as the continued company expansion, while our company remains at war, our outlook for this Industry in our opinion is excellent"
Additional news include the planned annual directors meeting on April 16, 2003 in Las Vegas, Nevada, interested attendees are invited to contact the corporate office for exact time and location
ABOUT HAIRMAX CORPORATION:
HAIRMAX of Nevada Inc. and Hairmax of Florida Inc., are subsidiaries of National Beauty Corporation. The companies are in process of developing and building HAIRMAX concept, a provider of haircare services, offered to the public at discounted prices, in addition the company distributes the Hairmax brand of haircare products, sold exclusively at HAIRMAX locations in Florida and Nevada.
Edward A. Roth
President
(954) 717-8680x105
New Lawyer >>
After successfully passing the bar exam, Allan opened up his own law office.
One day he was sitting idly at his desk when his secretary announced that a Mr. Jones had arrived to see him.
"Show him in!" Allan exclaimed.
An idea popped into his head and he quickly picked up the phone as his secretary was returning with the man.
Allan shouted into the phone,
"...and you can tell them that we won't accept less than sixty thousand, and don't call me again until you agree to that amount!"
He slammed down the phone and stood up to greet his visitor.
"Good morning, Mr. Jones!
What can I do for you?"
"I'm from the phone company," Mr. Jones replied.
.................. "I'm here to connect your phone."
ITHH - - Press ReleaseSource: ITIS Holdings Inc.
ITIS Holdings Announces Progress Made by Subsidiaries Under New Business Plan
Thursday March 20, 8:01 am ET
HOUSTON--(BUSINESS WIRE)--March 20, 2003--ITIS Holdings Inc. (OTCBB:ITHH - News), announced today that its subsidiaries are continuing to strengthen under the Company's new business plan. "As our annual report is being prepared, we are looking forward to an outstanding 2003," said Hunter M.A. Carr, CEO.
"OnPoint Solutions has released its RightScript(TM) software for electronic prescriptions, and subsidiary PharmHouse Inc. is enjoying success with the updated technology," said PharmHouse President Don Sapaugh, who added, "as a result of opening our newest store in January, PharmHouse saw a significant increase in prescriptions in February. We believe these increases are due to the ease of use of the new software coupled with our dynamic new marketing plan, which will be driven by new PharmHouse COO Jim Courville." Courville, who has a strong pharmaceutical industry background, will be joining the Company in April. Sapaugh said he expects at least a ten percent increase in prescription volume each month during 2003.
"I am also excited about the litigation support business of subsidiary Litidex," said Carol Wilson, corporate secretary for ITIS and project coordinator of Litidex projects for Attorney John O'Quinn, her former employer, in the alleged stock manipulation cases. "Litidex is building better databases than I have seen in 30 years of working for trial lawyers," added Wilson, "and I believe it will make the difference when these cases go to trial."
GREAT NEWS . !! . Press ReleaseSource: ITIS Holdings Inc.
ITIS Litigation Support Client Wins Judgment
Wednesday March 19, 2:02 pm ET
HOUSTON--(BUSINESS WIRE)--March 19, 2003--ITIS Holdings Inc. (OTCBB:ITHH - News) today announced that a judgment on liability has been entered in the Superior Court of Fulton County, Georgia, against Mark Valentine, former Chairman of Thomas Kernaghan & Co. Ltd., in favor of ITIS litigation support client Hyperdynamics Corporation (OTCBB:HYPD - News). Litidex, a wholly owned subsidiary of ITIS, provides litigation support services in cases for John M. O'Quinn and Christian, Smith & Jewell, who represent Hyperdynamics and other companies involved in litigation concerning alleged stock manipulation and illegal naked short selling.
Litidex also has contracts for litigation support services in other stock manipulation cases currently in litigation, which include Eagle Tech Communications Inc. (EATC.PK), Nanopierce Technologies Inc. (OTCBB:NPCT - News), Endovasc Ltd. Inc. (OTCBB:ENVC - News), RTIN Holdings, Inc. (OTCBB:RTNH - News), and ATSI Communications Inc. (AI).
"Litidex continues to provide document management and litigation support work for alleged stock manipulation cases accepted by attorneys Wes Christian and John O'Quinn," said Chairman of ITIS Holdings Hunter Carr, who added, "We are continuing to build databases of all the documents. The companies that have contracted with Litidex are benefiting from nearly 20 years experience in providing automated litigation support services."
With the increase in awareness by companies that may have been the victims of alleged stock manipulation and naked short selling, ITIS Holdings has been asked to review 5 additional companies and many others have contacted the law firms. Mr. Carr states, "These are exciting and encouraging times for companies and shareholders alike. The recent inroads made by regulatory and law enforcement agencies are a positive sign for the market."
GREAT NEWS . !! . Press ReleaseSource: ITIS Holdings Inc.
ITIS Litigation Support Client Wins Judgment
Wednesday March 19, 2:02 pm ET
HOUSTON--(BUSINESS WIRE)--March 19, 2003--ITIS Holdings Inc. (OTCBB:ITHH - News) today announced that a judgment on liability has been entered in the Superior Court of Fulton County, Georgia, against Mark Valentine, former Chairman of Thomas Kernaghan & Co. Ltd., in favor of ITIS litigation support client Hyperdynamics Corporation (OTCBB:HYPD - News). Litidex, a wholly owned subsidiary of ITIS, provides litigation support services in cases for John M. O'Quinn and Christian, Smith & Jewell, who represent Hyperdynamics and other companies involved in litigation concerning alleged stock manipulation and illegal naked short selling.
Litidex also has contracts for litigation support services in other stock manipulation cases currently in litigation, which include Eagle Tech Communications Inc. (EATC.PK), Nanopierce Technologies Inc. (OTCBB:NPCT - News), Endovasc Ltd. Inc. (OTCBB:ENVC - News), RTIN Holdings, Inc. (OTCBB:RTNH - News), and ATSI Communications Inc. (AI).
"Litidex continues to provide document management and litigation support work for alleged stock manipulation cases accepted by attorneys Wes Christian and John O'Quinn," said Chairman of ITIS Holdings Hunter Carr, who added, "We are continuing to build databases of all the documents. The companies that have contracted with Litidex are benefiting from nearly 20 years experience in providing automated litigation support services."
With the increase in awareness by companies that may have been the victims of alleged stock manipulation and naked short selling, ITIS Holdings has been asked to review 5 additional companies and many others have contacted the law firms. Mr. Carr states, "These are exciting and encouraging times for companies and shareholders alike. The recent inroads made by regulatory and law enforcement agencies are a positive sign for the market."