(( After 2 days of NO-posts ~ call 502~574~2111 )) >
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(Dumb (?) ... Where are the Azores, the prez is visiting ... ? ... tia ...
I've been waitin, waitin, Tnx, for audio ...!!
conelda ... If that post was to Matt, you must find an old post and reply to him, to trigger his mailbox ...
otherwise he won't see your post, unless by chance..
Good luck, Ken ....!!
PRVH .. VERY good News >> Providential Subsidiary Provimex Awarded Business Contract Worth $70 Million
FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)--March 14, 2003--Providential Holdings, Inc. (OTCBB: PRVH), www.phiglobal.com, today announced that its wholly-owned subsidiary Provimex had signed a master contract to provide Vietnam-based Ky Ha Chu Lai Development & Investment Company ("CDI.Co") with $70 million worth of industrial and consumer goods.
Goods and products related to the above-mentioned contract include unleaded petroleum, diesel oil, paper, wine and spirits, steel billets, and other building materials. The Company expects to fulfill the first shipment by the second quarter of 2003.
Henry Fahman, Chairman and CEO of Providential Holdings, commented: "We are pleased to have signed this important contract with CDI.Co and expect to immediately increase revenues for our Provimex subsidiary." Fahman added: "We will also work closely with CDI.Co on the Chu Lai Open Economic Zone project and plan to step up our development and investment activities in this area in the near future."
Dien Xuan Do, President of CDI.Co, commented: "We are enthused to work with Providential Holdings on both aspects, the goods that CDI.Co currently needs as well as the development of Chu Lai Open Economic Zone. In fact, Providential is the first American company that has eyed Chu Lai with an in-depth knowledge of the potential of this former U.S. airbase as an investment opportunity." Do added: "We are confident that Providential's efforts will be highly rewarded."
About Providential Holdings
Providential Holdings, Inc., a diversified holding company, focuses on selective technologies, financial services, international markets and special situations. Products and services include liquid crystal displays (LCD's), mobile entertainment systems, information technology, identification technology, industrial and construction equipment, telecommunications, and computer hardware and software. The Company also engages in trade commerce and mergers and acquisitions, especially in the U.S. and emerging overseas markets with high potential for growth. URL:www.phiglobal.com.
About CDI.Co
Ky Ha Chu Lai Development & Investment Co. is a Vietnam-based diversified manufacturing and service company with headquarters in Tam Ky, Quang Nam Province and branch offices in Ho Chi Minh City, Hai Phong and Da Nang. The company is engaged in paper products, construction, forestry, trucking and shipping, mining, building materials, automobiles, imports and exports, and management services.
PRVH .. VERY good News .. Providential Subsidiary Provimex Awarded Business Contract Worth $70 Million
FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)--March 14, 2003--Providential Holdings, Inc. (OTCBB: PRVH), www.phiglobal.com, today announced that its wholly-owned subsidiary Provimex had signed a master contract to provide Vietnam-based Ky Ha Chu Lai Development & Investment Company ("CDI.Co") with $70 million worth of industrial and consumer goods.
Goods and products related to the above-mentioned contract include unleaded petroleum, diesel oil, paper, wine and spirits, steel billets, and other building materials. The Company expects to fulfill the first shipment by the second quarter of 2003.
Henry Fahman, Chairman and CEO of Providential Holdings, commented: "We are pleased to have signed this important contract with CDI.Co and expect to immediately increase revenues for our Provimex subsidiary." Fahman added: "We will also work closely with CDI.Co on the Chu Lai Open Economic Zone project and plan to step up our development and investment activities in this area in the near future."
Dien Xuan Do, President of CDI.Co, commented: "We are enthused to work with Providential Holdings on both aspects, the goods that CDI.Co currently needs as well as the development of Chu Lai Open Economic Zone. In fact, Providential is the first American company that has eyed Chu Lai with an in-depth knowledge of the potential of this former U.S. airbase as an investment opportunity." Do added: "We are confident that Providential's efforts will be highly rewarded."
About Providential Holdings
Providential Holdings, Inc., a diversified holding company, focuses on selective technologies, financial services, international markets and special situations. Products and services include liquid crystal displays (LCD's), mobile entertainment systems, information technology, identification technology, industrial and construction equipment, telecommunications, and computer hardware and software. The Company also engages in trade commerce and mergers and acquisitions, especially in the U.S. and emerging overseas markets with high potential for growth. URL:www.phiglobal.com.
About CDI.Co
Ky Ha Chu Lai Development & Investment Co. is a Vietnam-based diversified manufacturing and service company with headquarters in Tam Ky, Quang Nam Province and branch offices in Ho Chi Minh City, Hai Phong and Da Nang. The company is engaged in paper products, construction, forestry, trucking and shipping, mining, building materials, automobiles, imports and exports, and management services.
PRVH .. VERY good News .. >> Providential Subsidiary Provimex Awarded Business Contract Worth $70 Million
FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)--March 14, 2003--Providential Holdings, Inc. (OTCBB: PRVH), www.phiglobal.com, today announced that its wholly-owned subsidiary Provimex had signed a master contract to provide Vietnam-based Ky Ha Chu Lai Development & Investment Company ("CDI.Co") with $70 million worth of industrial and consumer goods.
Goods and products related to the above-mentioned contract include unleaded petroleum, diesel oil, paper, wine and spirits, steel billets, and other building materials. The Company expects to fulfill the first shipment by the second quarter of 2003.
Henry Fahman, Chairman and CEO of Providential Holdings, commented: "We are pleased to have signed this important contract with CDI.Co and expect to immediately increase revenues for our Provimex subsidiary." Fahman added: "We will also work closely with CDI.Co on the Chu Lai Open Economic Zone project and plan to step up our development and investment activities in this area in the near future."
Dien Xuan Do, President of CDI.Co, commented: "We are enthused to work with Providential Holdings on both aspects, the goods that CDI.Co currently needs as well as the development of Chu Lai Open Economic Zone. In fact, Providential is the first American company that has eyed Chu Lai with an in-depth knowledge of the potential of this former U.S. airbase as an investment opportunity." Do added: "We are confident that Providential's efforts will be highly rewarded."
About Providential Holdings
Providential Holdings, Inc., a diversified holding company, focuses on selective technologies, financial services, international markets and special situations. Products and services include liquid crystal displays (LCD's), mobile entertainment systems, information technology, identification technology, industrial and construction equipment, telecommunications, and computer hardware and software. The Company also engages in trade commerce and mergers and acquisitions, especially in the U.S. and emerging overseas markets with high potential for growth. URL:www.phiglobal.com.
About CDI.Co
Ky Ha Chu Lai Development & Investment Co. is a Vietnam-based diversified manufacturing and service company with headquarters in Tam Ky, Quang Nam Province and branch offices in Ho Chi Minh City, Hai Phong and Da Nang. The company is engaged in paper products, construction, forestry, trucking and shipping, mining, building materials, automobiles, imports and exports, and management services.
Capt_rick, hang-on ta that thot, n case I need it ...
Futures waaay-up this a.m. boyz ..!!
G/M Churak, A/F ....
As Info: >> Consolidated Freightways Signs Letter of Intent to Sell Canadian Freightways Ltd.
VANCOUVER, WASHINGTON--Consolidated Freightways Corporation (CF) (PINK SHEETS:CFWEQ) has signed a letter of intent with CF Canada Acquisition Ltd. (CFCAL) to sell the assets of its Canadian subsidiary, Canadian Freightways Ltd. (CFL), and the assets of certain of CFL's subsidiaries.
The agreement contemplates a purchase price of approximately 90 million U.S. dollars, including assumption of liabilities.
CFCAL is a group comprised of current CFL senior management and a financial partner.
Last week, the bankruptcy court issued a bidding procedure order. Final sale requires completing a definitive agreement incorporating the conditions of the letter of intent as well as other conditions, and securing approval of the transaction by the court.
CFL is an industry leading supply chain services company, specializing in time-sensitive and expedited services. Operations in Canada and the United States include less-than-truckload (LTL), full load (TL), and parcel transportation, sufferance warehouses, customs brokerage, international freight forwarding, fleet management and logistics management. Canadian Freightways won the 2002 Consumers Choice Award for best transportation company in Calgary and Edmonton.
CFL is financially and operationally independent from CF and is not part of the September 2002 bankruptcy proceedings filed by the parent company. CFL's traditional high-quality customer service and profitable operations have continued throughout this time period.
Documents related to all of CF's asset sales, including those involving the sale of CFL, are posted at the company's web site www.cf.com.
That guy is tooo much ....
.......... more, MORE ....!!
GSPI News ... Press ReleaseSource: Green Star Products, Inc.
GSPI President To Be Interviewed On Live National Radio Concerning Biodiesel
Monday March 10, 2:39 pm ET
SAN DIEGO--(BUSINESS WIRE)--March 10, 2003--Green Star Products, Inc. (OTC: GSPI - News) announced today that its President, Joseph LaStella, will be interviewed on Live National WISDOM® Radio concerning the present and future needs for the biodiesel industry in the USA.
GSPI presently owns 35% of American Bio-Fuels who is now assembling one of the largest biodiesel production plants in the USA. See GSPI press release February 24, 2003.
WISDOM® Radio will be interviewing Mr. LaStella today Monday, March 10th, at 5 PM Eastern, 4 PM Central and 2 PM Pacific Time on WISDOM TODAY with Scott Cluthe and co-host Claire Papin. During the interview, Joseph LaStella will be taking phone calls from the audience.
Listen online at www.wisdomradio.com by clicking the icon that says LIVE or coast-to-coast on stream 143 on your SIRIUS Satellite Radio and be sure to call 1-800-655-2112 and join the discussion with Joseph LaStella.
The entire interview will also be stored for one week and can be listened to online at www.wisdomradio.com by clicking the archives icon.
Green Star Products Inc. is organized as a holding company with major ownership positions in a set of subsidiary companies now commercializing advanced automotive and energy technology products. For more information, see GSPI's Web site at http://www.baat.com or call Investor Relations, 619/409-8977, 619/409-9598 fax, or email info@baat.com. Information about trading prices and volume can be obtained at several Internet sites including http://www.bloomberg.com under the ticker symbol "GSPI."
As Info >>> New Rule 10b5-1 would create insider-trading liability for anyone who traded while aware of material inside information.
This rule stands in stark contrast to federal court rulings that have required proof that a person charged with insider trading "used" material insider information.
The new rule does provide a very narrow defense for trades made pursuant to binding contracts, instructions or written plans that are in place before an insider becomes aware of any material inside information.
This defense, however, is only available if the arrangement expressly specifies the amount, price and date of any trades or gives some third party complete discretion over trading.
In addition, the defense is lost to any person who alters or deviates from the contract or plan or who enters into or alters any hedging transactions.
For a number of years, securities lawyers have advised corporate insiders to dispose of their stock on a consistent, periodic basis to avoid allegations that a particular trade was motivated by material inside information.
Indeed, a number of courts have held that a history of such trading will protect an insider from insider trading charges when they sell prior to a significant drop in their stock.
Under the new rules, however, a regular pattern of trading is no protection unless it was conducted in strict accordance with a contract or written plan meeting the specific requirements of the rule.
Rule 10b5-2 expands the circle of people who are liable for insider trading when they trade on the basis of a tip received from someone else.
Under the new rule, people who received material inside information from their parents, spouses, children, siblings or others with whom they have a history of sharing confidences will now be liable for insider trading if they subsequently trade on the basis of that information.
As Info >>>> New Rule 10b5-1 would create insider-trading liability for anyone who traded while aware of material inside information.
This rule stands in stark contrast to federal court rulings that have required proof that a person charged with insider trading "used" material insider information.
The new rule does provide a very narrow defense for trades made pursuant to binding contracts, instructions or written plans that are in place before an insider becomes aware of any material inside information.
This defense, however, is only available if the arrangement expressly specifies the amount, price and date of any trades or gives some third party complete discretion over trading.
In addition, the defense is lost to any person who alters or deviates from the contract or plan or who enters into or alters any hedging transactions.
For a number of years, securities lawyers have advised corporate insiders to dispose of their stock on a consistent, periodic basis to avoid allegations that a particular trade was motivated by material inside information.
Indeed, a number of courts have held that a history of such trading will protect an insider from insider trading charges when they sell prior to a significant drop in their stock.
Under the new rules, however, a regular pattern of trading is no protection unless it was conducted in strict accordance with a contract or written plan meeting the specific requirements of the rule.
Rule 10b5-2 expands the circle of people who are liable for insider trading when they trade on the basis of a tip received from someone else.
Under the new rule, people who received material inside information from their parents, spouses, children, siblings or others with whom they have a history of sharing confidences will now be liable for insider trading if they subsequently trade on the basis of that information.
ADSX P/REL >> !!
Press ReleaseSource: Applied Digital Solutions
Applied Digital Solutions Settles Class Action Lawsuit
Monday March 10, 9:11 am ET
PALM BEACH, Fla.--(BUSINESS WIRE)--March 10, 2003--Applied Digital Solutions, Inc. (Nasdaq: ADSX - News), an advanced technology development company, announced today that it has reached a memorandum of understanding to settle the pending and consolidated shareholder class action lawsuit.
The settlement involved no admission of liability and will be entirely covered by proceeds from insurance. The settlement is subject to various conditions, including court approvals and approval of a special litigation committee of the Company's Board of Directors.
CCGI Press Release >>
Press ReleaseSource: Prime Battery Products
Collectible Concepts and Prime Battery Form Joint-Venture
Monday March 10, 9:05 am ET
DOYLESTOWN, Pa.--(BUSINESS WIRE)--March 10, 2003--Prime Battery Products Limited, a wholly owned subsidiary of Pivotal Self-Service Technologies, Inc. (OTCBB:PVSS - News) and Collectible Concepts Group Inc. (OTCBB:CCGI - News) are pleased to announce the formation of a joint-venture between the two companies. The purpose of the joint-venture is to unite the high quality and affordable battery products distributed by Prime Battery with the licensing and merchandising relationships of CCGI. The joint-venture will be 50% owned by both companies and will operate as MightyCell(TM). The MightyCell brand of batteries and battery related products will be marketed throughout North America and the company will be targeting licensing opportunities in the entertainment and sports industries.
John Simmonds, Chairman and Chief Executive of PVSS, stated, "This is an extraordinary opportunity to develop new channels to market for our battery business. We are very pleased with the CCGI marketing and creative team, and we look forward to building MightyCell into a successful and profitable venture for both companies."
Philip Verruto, Chief Executive of CCGI, added, "My team is very eager to begin working on the MightyCell battery market. We are encouraged by the initial reaction from our existing licensees and customers, and believe this product will have tremendous appeal as a licensed product to the entertainment and sports industries."
Pivotal Self-Service Technologies Inc., through its operating subsidiaries, Prime Wireless Inc. and Prime Battery Products Limited, is a distributor and sales representative of high quality electronic products and consumer related products. Visit Prime Battery today at www.primebatteryproducts.com.
Headquartered in Doylestown, Pa., Collectible Concepts Group, Inc. develops and markets unique licensed entertainment, sports, and music collectible merchandise for specialty, mass retail and online distribution. Nationally recognized in direct response marketing, replica design, mass-market distribution and E-commerce marketing, the company's products are renowned both for quality and authenticity. Licenses include Three Stooges and Marvel Universe Characters among many others. See Collectible Concept Group's corporate website for more information: www.collectibleconcepts.com or www.otcfn.com/ccgi.
ADSX 8 K >
APPLIED DIGITAL SOLUTIONS INC (ADSX)
form 8-K
ITEM 5. OTHER EVENTS
Company Receives a Notice of Default from IBM Credit LLC.
ON MARCH 3, 2003, IBM CREDIT LLC, FORMERLY IBM CREDIT CORPORATION ("IBM
CREDIT"), NOTIFIED APPLIED DIGITAL SOLUTIONS, INC. (THE "COMPANY") THAT THE
COMPANY HAD UNTIL MARCH 6, 2003, TO PAY IBM CREDIT $29.8 MILLION OF THE
$77.2 MILLION OUTSTANDING PRINCIPAL BALANCE CURRENTLY OWED TO THEM, PLUS
$16.4 MILLION OF ACCRUED INTEREST AND EXPENSES (TOTALING APPROXIMATELY $46.2
MILLION). THE COMPANY DID NOT MAKE THE PAYMENT ON MARCH 6, 2003, AS
REQUIRED. THE COMPANY FILED A CURRENT REPORT ON FORM 8-K WITH RESPECT TO
THESE EVENTS EARLIER TODAY. ON MARCH 7, 2003, IBM CREDIT NOTIFIED THE
COMPANY AND THE OTHER LOAN PARTIES THAT AN EVENT OF DEFAULT HAD OCCURRED AND
IS CONTINUING UNDER THE THIRD AMENDED AND RESTATED TERM CREDIT AGREEMENT
("THE IBM CREDIT AGREEMENT") AMONG THE COMPANY, THE DIGITAL ANGEL SHARE
TRUST AND IBM CREDIT. IBM CREDIT ALSO NOTIFIED THE COMPANY THAT IT WILL
IMMEDIATELY COMMENCE EXERCISING ANY AND/OR ALL OF IS RIGHTS AND REMEDIES. IF
IBM CREDIT WERE TO TAKE SUCH ACTION, THERE WOULD BE DOUBT THAT THE COMPANY
WOULD BE ABLE TO CONTINUE OPERATIONS IN THE NORMAL COURSE OF BUSINESS.
IN CONNECTION WITH THESE EVENTS, AND AS REPORTED ON THE COMPANY'S CURRENT
REPORT ON FORM 8-K FILED EARLIER TODAY, THE COMPANY HAS INSTITUTED LITIGATION
AGAINST IBM CREDIT AND IBM.
PRVH Press Release ...
Press ReleaseSource: Providential Holdings, Inc.
Providential ClearPass Successfully Showcased Advanced Biometric Products at Security Expo
Monday March 10, 6:04 am ET
FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)--March 10, 2003-- Providential Holdings, Inc. (OTCBB:PRVH - News; www.phiglobal.com) today announced that Clear Pass, Inc., a Providential company, had successfully showcased a variety of innovative biometric security products at the third annual Southern California Safety and Security Conference, together with Elsafe/ASSA ABLOY of Sweden, Tyco Fire & Security's ADT (NYSE:TYC - News), and other corporate sponsors.
ADVERTISEMENT
The conference, which was held at the Hilton Anaheim, CA last Thursday, provided attendees a look at the latest technologies in safety and security with special hands-on, interactive tech expo and drew hundreds of participants, including corporate giants such as Hilton Hotels Corp. and Walt Disney.
ClearPass' showcased biometric security products included the CP-1000 Advanced USB Fingerprint Reader, CP-1100 SmartCard and Fingerprint Reader Combo, CP-5000 and CP-6000 Biometric Authentication, Time Attendance and Access Controllers, and biometric controlled door locks.
The CP-1000 has a compact, rugged silicon sensor and robust software, based on technology originally developed at Lucent/Bell Labs, which can authenticate users with USB fingerprint reader from any PC or laptop computer. The embedded biometric silicon sensor detects forged and falsified fingerprints, provides secure access to computers, files, networks, and internet communications, and protects privacy and confidential data with included encryption/decryption software.
The CP-1100 offers simple, user-friendly strong authentication in the form of a fingerprint reader, smart card reader, or both, and provides added security with 2-factor authentication.
The CP-5000 uses advanced fingerprint recognition technology to provide foolproof access control and/or time attendance. It is designed with perfect convenience, safety and security for installation at high-level security facilities and meets requirements for cost-effective, large-scale enrollment identification and verification applications.
The CP-6000 comes with advanced biometric recognition technology using embedded high performance fingerprint reader and built-in digital camera to confirm identities. A foolproof method to increase site security and control access without having to hire additional personnel to monitor and verify each entrant. The device meets requirements for high-traffic, large-scale enrollment and can be used at a variety of facilities such as airports, theme parks, cruise ships, health clubs, corporate and government buildings, and hotels to provide foolproof 2-factor identity verifications that can not be forged or falsified. The CP-6000 unit can be used as a stand-alone or connected to a network.
The Company was very pleased at the high level of interest in the ClearPass' products at the security expo and believed that this would translate into some good orders in the near future.
A link to the Southern California Tourism Safety & Security Association Conference can be accessed through: http://www2.ocregister.com/ocrweb/ocr/article.do?id=28750§ion= LOCAL&subsection=LOCAL&year=2003&month=3&day=7 (Note: Due to the length of this URL, it may be necessary to copy and paste it into your Web browser.)
No .... No ...!! Fiance... Fiance ....!!
NOT wife-e YET ....!!
I had never seen that article, AKvetch ...
Simply lost track of it ... Thank you Very much ..!!
Thank you, Castle ... I really appr. it ...!!
For some reason I lost track of that story ....
Again, appr. it ...!!
AKvetch ... Did Fla. go along w/the Moslem woman and let her pose w/her face covered ... ??... I never did hear the result of that happening .... We probably mushroomed & let her slide .... If ya get an answer, (andyathinkofit) sling it my way, will ya ....?? ... tia ...
Well tnx, rick ... Wondered when it w/be fixed ...
@'s a good one, AKvetch ... !!
Wannaberich .... Ya don't hafta feel-bad for forgetting me ...
Ya got my fiance & I rolling on th-floor ....
I was raised-up in the country & it's true ... We measured distance by how many beers it took to get there ....
Wouldn't take anything for all those experiences, but wouldn't EVER go back .... tee, hee .... !!
.......... tnx .....!
.............. & keep-em-coming ........
Soxfan ... I like the last line of that joke... ............... Says-it-all ...!!
Signs you MIGHT be gay ... !!
You wake up each morning and scratch someone else's balls.
You blow every paycheck on gerbils.
You get offended and/or turned on by the word "Fruit Loops."
Your fantasies include prison showers and dropped soap.
Anyone mentions "The Village People" and you think of your neighbors.
Your friends want to kill Richard Simmons. You'd rather paddle his cute little ass.
You're best friends with the girl you took to your high school prom.
You think Pamela Anderson dresses nice.
You dress like Liberace on casual Fridays.
Your idea of "getting lucky" on the weekend is finding Ralph Lauren sheets on sale.
You start to cry when your boss says you can't have the day off for your birthday.
You don't know the score of the game last night, but you do remember that the players had some of the roundest asses you've ever seen.
When someone asks you if you're a pitcher or a catcher, your first thought isn't about baseball.
When you see a handsome police officer following you on the highway, you speed up instead of slowing down.
You've wondered if Batman and Robin share a bedroom.
You noticed that Ricky Martin shaved his chest for his last video.
You're the one everyone turns to when they need someone to plan a surprise party.
You can recite the next line of the following song: "The minute you walked in the joint, I could see you were a man of distinction."
and the Final sign (ya just might be)
When viewing straight porn videos you watch the women give head and think,
.............. "they're not doing that right."
Think I'll raise my sell order pr, (just to see what happens) ...
ADSX News ... !! ..g/morn, rager ...
Press ReleaseSource: Applied Digital Solutions Inc.
Applied Digital Solutions, Inc. Files Lawsuit Against IBM Credit LLC and IBM Corporation
Friday March 7, 7:34 am ET
PALM BEACH, Fla.--(BUSINESS WIRE)--March 7, 2003--Applied Digital Solutions, Inc. (Nasdaq: ADSX - News):
According to the lawsuit, the causes of action include:
tortious interference with business relationships
conspiracy to commit fraud/civil RICO
fraud, breach of good faith and fair dealing
lender liability
and breach of the Florida Uniform Trade Secrets Protection Act
Applied Digital Solutions, Inc. (Nasdaq: ADSX - News), an advanced technology development company, announced today that it has filed a lawsuit against IBM Credit LLC and IBM Corporation (NYSE: IBM - News). According to the lawsuit, the causes of action include: tortious interference with business relationships; conspiracy to commit fraud/civil RICO; fraud, breach of good faith and fair dealing; lender liability; and breach of the Florida Uniform Trade Secrets Protection Act. The lawsuit was filed yesterday in Palm Beach County, FL.
IBM Credit has been the Company's lender since 1999. Under the terms of the IBM credit agreement and a letter sent by IBM Credit earlier this week, IBM required payment of approximately $46.2 million by March 6, 2003. The Company did not make that payment, which, depending on the response from IBM Credit, may impair the Company's ability to carry on business in the ordinary course. The lawsuit follows a good faith attempt by the Company to negotiate a satisfactory amendment to the credit agreement. The Company believes that its offers in those negotiations were not accepted, in large part, for the reasons set forth in the lawsuit.
two mins. ago she w/still there
Derfie, no wonder this page pulls-up so slow ...
esp. since ya added THAT big lug ....
I have an 86 Town Car, garage kept, w/ 37,000 mi... Never been rained-on ....
Rats .... !!
I'm over 5' ... tee, hee ....!!
VLVT NEWS !! >
Veltex Corporation Announces New President
DIAMOND BAR, Calif., March 6 /PRNewswire-FirstCall/ -- Veltex Corporation (OTC: VLVT) announced today that Roger Brunetti has been promoted from Vice President to acting President. Roger has an extensive background in business with over 30 years in management experience. Commenting on the future of Veltex, Mr. Brunetti says, "The management team is strategically moving Veltex Corporation forward progressively. We have diversified our revenue stream successfully and continue to grow our business despite the economic conditions. I am excited to help lead Veltex towards a bright future."
The audit is still expected to be completed on schedule. Veltex has completed the funding of the Veltex trucking division for the present time and management is considering all options to increase earnings and share price. Javeed Matin, CEO states, "A stock buyback might be a good option for our company in the future. While we will continue to make substantial investment in our businesses, buying back stock is an option we are considering to increase the value of our stock. We will make further announcements if we decide to conduct a buyback in the future. Being a large shareholder I would like to see the value of Veltex realized in the marketplace."
Veltex Corporation recently purchased 40 brand new 2003 trailers for its 40 truck fleet.
DSLN NEWS >>
Press ReleaseSource: DSL.net, Inc.
DSL.net Reports 4Q, Full-Year 2002 Results
Thursday March 6, 8:46 am ET
2002 Adjusted EBITDA Improves 84% and Free Cash Flow Improves 83% Over Previous Year
NEW HAVEN, Conn.--(BUSINESS WIRE)--March 6, 2003--DSL.net, Inc. (NASDAQ: DSLN - News), a leading nationwide provider of broadband communications services to businesses, today reported fourth quarter and full-year 2002 financial results.
Revenue for the fourth quarter of 2002 was $11.3 million, representing a 2% increase from fourth quarter 2001 revenue of $11.1 million and a slight increase over third quarter 2002 revenue. Revenue for the year ended Dec. 31, 2002, was $45.5 million, an 8.5% increase over revenue of $42.0 million for 2001. The Company ended the fourth quarter with more than 22,100 installed broadband subscriber lines.
Net loss for the fourth quarter of 2002 was $8.8 million, representing an 18% improvement compared to a net loss of $10.7 million for the fourth quarter of 2001. The Company's third quarter 2002 net loss was $8.5 million, which included a $600,000 non-recurring net research and development credit. Excluding the third quarter credit, net loss for the fourth quarter improved by 3% on a sequential basis. Net loss for the year ended Dec. 31, 2002, was $36.1 million, a 69% improvement over the net loss of $115.5 million for the year ended Dec. 31, 2001.
Earnings before interest, taxes, depreciation, amortization and non-cash stock compensation ("Adjusted EBITDA") for the fourth quarter of 2002 was negative $3.5 million, a 28% improvement compared to negative $4.9 million in the fourth quarter 2001. The Company's Adjusted EBITDA was negative $3.0 million for the third quarter 2002. Excluding the third quarter credit, Adjusted EBITDA for the fourth quarter improved slightly on a sequential basis. Adjusted EBITDA for the year ended Dec. 31, 2002, was negative $14.3 million, representing an 84% improvement compared to negative $86.7 million for 2001.
Free cash flow (defined as Adjusted EBITDA minus capital expenditures) for the fourth quarter of 2002 was negative $3.9 million, a 30% improvement over fourth quarter 2001 free cash flow of negative $5.6 million. Free cash flow for the third quarter 2002 was negative $3.4 million. Excluding the third quarter credit, free cash flow for the fourth quarter improved by 3% on a sequential basis. Free cash flow for the year ended Dec. 31, 2002, was negative $15.9 million, which represents an improvement of 83% over the negative $92.0 million of free cash flow for 2001.
"Our continued improvements in Adjusted EBITDA and free cash flow are consistent with our primary objective of generating improved cash flows," said David F. Struwas, chairman and chief executive officer of DSL.net. "Just as important, we continued to pursue external growth opportunities in 2002 and gained court approval in the fourth quarter to acquire network assets and related subscriber lines of Network Access Solutions Corporation (NAS), a transaction we closed in January 2003."
At the end of 2002, the Company had $11.3 million in cash. The Company used $7.4 million of its cash in January to close the NAS acquisition. As part of its ongoing financing activities, around the end of the year, the Company arranged a $15 million revolving credit facility for general corporate purposes, with availability based on third-party guarantees. To date, $9.1 million of such guarantees has been secured.
In addition to the NAS acquisition activities in 2002, DSL.net made two smaller acquisitions during the year - acquiring customer lines from Broadslate Networks in January and Abacus America in August.
On a per share basis, the Company reported a net loss applicable to common stockholders of $0.20 per share for the fourth quarter of 2002, compared to $0.17 per share for the same quarter a year earlier. For the year ended Dec. 31, 2002, net loss per share applicable to common stockholders was $0.77 per share, which represents a 57% improvement over net loss of $1.81 per share for the prior year. The 2002 periods included significant charges for dividends and accretions on preferred stock while the 2001 periods did not. These 2002 charges translated into $0.06 per share for the fourth quarter 2002 and $0.21 per share for the entire year. There was no per share impact in 2001.
DSL.net will host a conference call to discuss results for the quarter and full-year 2002 today at 11 a.m., Eastern Time. Interested parties may listen to the live audio webcast of the call by visiting the investor relations section of DSL.net's Web site, www.dsl.net. The call also may be accessed live via telephone by dialing 800-289-0436, confirmation code 514705. For those unable to access the live conference call, an audio replay will be available until 11 p.m., Eastern Time, on March 10, 2003, by dialing 888-203-1112 and entering code 514705. Investors may also access the call replay by visiting the investor relations section of the Company's Web site.
TLXX, to the pinks TLXX.PK ..
IBZT NEWS >>
Press ReleaseSource: iBIZ Technology Corp.
iBIZ Technology Corp. Releases Industry's First FM Radio Compact Flash Card for Dell Branded PDA Handheld Computers
Thursday March 6, 4:30 am ET
PHOENIX, March 6 /PRNewswire-FirstCall/ -- iBIZ Technology Corp. (OTC Bulletin Board: IBZT - News) today announced the PDA industry's first compact flash (CF) type 1, FM radio for Dell PDA's. The Pocket Radio is viewable at http://www.ibizcorp.com/pocketradio.html
Ken Schilling, iBIZ President and CEO commented, "With the entree of Dell's series of PDA Handheld Computers, we are pleased to provide a CF FM Radio Compact Flash Card that is plug compatible with both Dell models. Since the introduction of the FM CF Radio at the beginning of February, we have enjoyed a tremendous amount of interest and sell through. HP has placed a link on their web site to the Pocket Radio at http://h20022.www2.hp.com/busprod/pocketpc/options/radios/?lsidebarLayId=823 CompUSA has placed the radio card in all of their stores nationally and the sales since the products inception have met our expectations. Mobile Planet has also enjoyed brisk sales on the radio card. As we begin to ship the Dell compatible units we believe the radio's sales will increase dramatically. The Dell version will be cross compatible with most CF (compact flash) enabled handheld computers. We believe Dell will impact a great deal of market share and look forward to successful product launch this month."
Mark Perkins, EVP, iBIZ Technology Corp. commented, "The Pocket Radio Card literally converts a standard PDA into a high quality FM tuner. Feature rich, the software provides up to eighteen different preset stations, search and seek functions and the ability to output the signal to either headphones or external speakers. Handheld computer users can now listen to local FM radio stations anytime, anywhere while performing other tasks on the handheld simultaneously. We are looking forward to next month when we begin to ship the SD (secure digital) FM radio card adding Palm's handheld computers into the usable mix of end users. We are currently accepting orders for Dell, and Palm compatible Radios on our e-commerce site."
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NBEU NEWS ...!!
National Beauty Corp Announces 24% Increase in Revenue for 2002
FT. LAUDERDALE, Fla., March 5 /PRNewswire-FirstCall/ -- National Beauty Corp (OTC Bulletin Board: NBEU) Management announced today, that end of year sales figures indicated a 24% increase for 2002 over 2001. Sales figures for 2001 were 437k, and the new figures for 2002 reflect total sales at 542k, representing a 24% increase in revenues. Complete details are expected to be released in the annual report, expected to be filed by the end of March, 2003. Edward A. Roth, President and CEO commented, "We are extremely pleased with our revenue increases, and we feel these increases, indicate a beginning growth pattern for the company."