(( After 2 days of NO-posts ~ call 502~574~2111 )) >
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AICX News ... >>
Applied Imaging Announces 2002 Results
SANTA CLARA, Calif., March 4 /PRNewswire-FirstCall/ -- Applied Imaging Corp. (Nasdaq: AICX) today announced preliminary unaudited fiscal year 2002 results. The Company achieved record revenues of at least $21.0 million, an increase of 13% over the $18.5 million reported in 2001. This increase was driven primarily by the growth in sales of the Company's new OncoPath(TM) products, SPOT(TM) and Ariol(TM).
The Company's net loss for the year was reduced by at least 81% to $688,000 in 2002, or a loss of $0.04 per share, from the $3.5 million net loss reported in 2001 or a loss per share of $0.23. The reduced net loss was due to increased gross profit, from improved margin and incremental sales, and reduced operating expenses attributable to the restructuring program implemented in the first quarter of 2002.
"Although we are disappointed that top-line performance was below our expectations, 2002 was another year of significant progress for Applied Imaging. We achieved record revenues, reduced costs, reduced net loss and, most importantly, launched two major new products, our Ariol and SPOT systems, which we expect to be the catalyst for the Company's growth in 2003 and beyond," said Carl Hull, Applied Imaging President and Chief Executive Officer. "We remain very optimistic about the prospects for 2003. Every indication from our clinical laboratory customers is that demand for genetic testing services is increasing at 25-35% per year. We plan to capitalize on that growth by increasing sales of our existing products and our new OncoPath systems to these clinical customers. As a result, we expect 2003 sales to be in the range of $24 to $27 million and profit for the year to be between $1.2 and $1.8 million."
Sales for the fourth quarter were at least $4.9 million, or 7% below last year's reported $5.3 million, due primarily to reduced sales outside of the Americas and the phase-out of one of the Company's genetics products. The net loss in 2002's fourth quarter of $729,000 compared to the breakeven performance reported in 2001's fourth quarter. The net loss in the 2002 fourth quarter was due primarily to reduced margins outside of the Americas and higher operating expenses of $264,000, due to the impact of one-time expenses.
The Company has not yet completed its review, announced on February 3rd, of specific distributor sales in 2001 and 2002. Completion of that review will determine whether any adjustment may be required to the Company's previously-issued financial statements.
Applied Imaging Fourth Quarter Earnings Conference Call
Applied Imaging management will hold a conference call today at 11:00 a.m. EST to present an overview of the results of 2002 and outlook for 2003. The teleconference can be accessed by dialing 302-262-2075 or 800-218-0713 at least five minutes before the scheduled beginning of the call. Interested parties can also listen to the conference call live on the Internet at the Investor Relations portion of Applied Imaging's website at www.aicorp.com. A replay of the webcast will be available online through the Company's website for 30 days. Additionally, a replay of the call will be available through March 11, 2003 by dialing 303-590-3000, passcode 528183.
AICX News ... >
Applied Imaging Announces 2002 Results
SANTA CLARA, Calif., March 4 /PRNewswire-FirstCall/ -- Applied Imaging Corp. (Nasdaq: AICX) today announced preliminary unaudited fiscal year 2002 results. The Company achieved record revenues of at least $21.0 million, an increase of 13% over the $18.5 million reported in 2001. This increase was driven primarily by the growth in sales of the Company's new OncoPath(TM) products, SPOT(TM) and Ariol(TM).
The Company's net loss for the year was reduced by at least 81% to $688,000 in 2002, or a loss of $0.04 per share, from the $3.5 million net loss reported in 2001 or a loss per share of $0.23. The reduced net loss was due to increased gross profit, from improved margin and incremental sales, and reduced operating expenses attributable to the restructuring program implemented in the first quarter of 2002.
"Although we are disappointed that top-line performance was below our expectations, 2002 was another year of significant progress for Applied Imaging. We achieved record revenues, reduced costs, reduced net loss and, most importantly, launched two major new products, our Ariol and SPOT systems, which we expect to be the catalyst for the Company's growth in 2003 and beyond," said Carl Hull, Applied Imaging President and Chief Executive Officer. "We remain very optimistic about the prospects for 2003. Every indication from our clinical laboratory customers is that demand for genetic testing services is increasing at 25-35% per year. We plan to capitalize on that growth by increasing sales of our existing products and our new OncoPath systems to these clinical customers. As a result, we expect 2003 sales to be in the range of $24 to $27 million and profit for the year to be between $1.2 and $1.8 million."
Sales for the fourth quarter were at least $4.9 million, or 7% below last year's reported $5.3 million, due primarily to reduced sales outside of the Americas and the phase-out of one of the Company's genetics products. The net loss in 2002's fourth quarter of $729,000 compared to the breakeven performance reported in 2001's fourth quarter. The net loss in the 2002 fourth quarter was due primarily to reduced margins outside of the Americas and higher operating expenses of $264,000, due to the impact of one-time expenses.
The Company has not yet completed its review, announced on February 3rd, of specific distributor sales in 2001 and 2002. Completion of that review will determine whether any adjustment may be required to the Company's previously-issued financial statements.
Applied Imaging Fourth Quarter Earnings Conference Call
Applied Imaging management will hold a conference call today at 11:00 a.m. EST to present an overview of the results of 2002 and outlook for 2003. The teleconference can be accessed by dialing 302-262-2075 or 800-218-0713 at least five minutes before the scheduled beginning of the call. Interested parties can also listen to the conference call live on the Internet at the Investor Relations portion of Applied Imaging's website at www.aicorp.com. A replay of the webcast will be available online through the Company's website for 30 days. Additionally, a replay of the call will be available through March 11, 2003 by dialing 303-590-3000, passcode 528183.
13:56 03/04/2003 ETTC** E.T. Corporation ETOC E.T. Corporation New (1-20 R/S)
Thank you, rick ... Missed-it for some reason ...
ARET News >> Arete Industries Providing Unique Program to Bring Publicly Traded Benefits to Development Stage Businesses
Monday March 3, 9:15 am ET
NIWOT, Colo., March 3, 2003 (PRIMEZONE) -- Arete Industries (OTC BB:ARET.OB - News), a publicly traded business development company, announced today that it has moved to its new offices in Niwot, Colorado and is moving forward on a program designed to bring publicly traded benefits to development stage companies.
ADVERTISEMENT
The Company's ``Spin-Off, Dividend Distribution Program´´ is designed to facilitate acquisitions of companies that already have achieved a strong fundamental base of business, including a developed product or service, a clearly identified market and the near term potential to become a publicly traded company. The Program allows qualified businesses that Arete acquires to go public by issuing to its shareholders a dividend or making a rights offering of the subsidiary´s stock to the Arete shareholders after an incubation period.
The CEO of Arete Industries, Tom Raabe, said, ``With the current economic situation and the lack of Initial Public Offerings, many companies need a hand in securing the funding and management assistance needed to grow their company to the next stage. Arete Industries believes that its Program will help a number of these organizations to grow and succeed. At the same time, these companies will help Arete Industries grow and provide additional return on investment to our shareholders.´´
In brief, the Spin-Off Dividend Distribution Program from Arete Industries acquires the private company into Arete Industries as a subsidiary. Arete Industries is able to assist the management team of the acquired company with its business plans, financing needs and marketing efforts. When the subsidiary has matured and conformed to the standards and practices of a public company, it will then be spun off to the Arete shareholders as a public company. When this spin-off takes place, it is anticipated that the newly public company will generate an initial market capitalization that accurately reflects the true fundamental value of the company.
The vision of Arete Industries is to incubate development stage companies at the beginning of their high-growth, pre or post break-even stage, and offer them an opportunity to go public through a process which is far superior to reverse mergers with public ``shell´´ corporations. This incubation period is not designed to bring start-up companies to the development stage, but rather to assist companies that have completed that phase of development. Arete believes that there is a large number of good candidates at this stage of development that are yet too immature to raise growth capital from private investors, the public equity markets or through conventional debt financing; and that can benefit from the Company´s Spin-Off, Dividend Distribution Program.
Anyone hear The radio program on naked shorting
last night ... ??
Anyone hear The radio program on naked shorting last night ... ??
DMEC NEWS >>
e-DMEC Announces the Return of its President/CO-CEO/CO-Chairman
Monday March 3, 7:02 am ET
WALNUT, Calif.--(BUSINESS WIRE)--March 3, 2003--Diamond Entertainment Corporation (the "Company"), dba e-DMEC, (OTCBB:DMEC - News), a leading dealer of videocassette and DVD titles to the budget home video & DVD markets, announced today that James Lu has returned from his leave of absence to resume his duties as President, CO-CEO and CO-Chairman of the Company.
Contact:
Diamond Entertainment Corporation Fred Odaka, 909/839-1989 Fax: 909/869-1990
Source: Diamond Entertainment Corporatio
Man ... That guy on audio is 'too-good' .... !!
I can't STOP laughing ....
ezat you in the pic .. ?
Splish/Splash .. (slo-loading) but pretty good ..!!
http://www.netlaughter.com/splishsplash/splishsplash.cfm
WannaB .... That's the funniest chit I ever heard ....... !!
Thank you, Dallas ... Good post & means alot ... !!
It's NOT rock & roll, but my most favorite song is
...... ( At Last ), by Etta James ....
...... Bet you get compliments ifya play it ...!!
Good-ern Derfie ... !!
Me-too, ks ... What a hoot !!!!
Tnx, rick ... I know (for sure) I w/b out of town during this airing ....
Wish you would give us an update, and your assesment of it .... tia
As Info: > "Short Sellers Wars" Live on "Corporate Strategies with Tim Connolly"
Sunday, March 2nd from 8 to10 pm EST
HOUSTON, TEXAS - [PRWEB] Thursday, February 27, 2003
This Sunday night, "Corporate Strategies with Tim Connolly" will
discuss
"Short Seller Wars" featuring live commentary from CEO's, attorneys and
professionals from nearly sixty companies involved in the naked short
seller
controversy, the practice of selling securities short without
possession of
the actual borrowed securities. This weekend's special two-hour
edition of
Corporate Strategies is co-sponsored by The CEO Council
(www.ceocouncil.net), Investrend Broadcast
(www.investrendbroadcast.com)
and Princeton
Research (www.princetonresearch.com). We will take live phone calls
from
all interested parties, from market makers to investors at
1-877-266-7469 or
listen live via the Internet at www.businesstalkradio.net or on over
275
local affiliates nationwide. Tune in for what is sure to be a
controversial
edition of "Corporate Strategies with Tim Connolly." This hour of
"Corporate Strategies with Tim Connolly" is hosted by Tim Connolly of
Corporate Strategies Merchant Bankers (www.corporate-strategies.net)
and
Senior Vice Presidents Scott Eisler and Michael Kravitz of Wachovia
Securities.
The Short Seller Wars have recently been the subject of several
articles in
the Dow Jones (NYSE: DJ) News Service and Reuters (NASDAQ: RTRSY). Per
Financial Wire News Service, the complete list of the 60 companies
currently
associated on one side or another of the naked short seller controversy
includes A.G. Edwards, Inc. (NYSE: AGE), Federal Agricultural Mortgage
Corp.
"Farmer Mac" (NYSE: AGM), Allied Capital (NYSE: ALD), American
Motorcycle
(OTC: AMCYV), American International Industries (OTCBB: AMIN),
Ameri-Dream
(OTCBB: AMDR), Bluebook International (OTCBB: BBIC), Blue Industries
(OTCBB:
BLIIV), Bentley Communications (OTCBB: BTLY), Biocurex (OTCBB: BOCX),
Critical Home Care (OTCBB: CCLH), Composite Holdings (OTC: COHIA),
Edgetech
Services (OTCBB: EDGH), Endovasc Ltd. (OTCBB: ENVC), Enviro-Energy
Corporation (OTCBB: ENGY), Environmental Products & Technologies (OTC:
EPTC), FreeStar Technologies (OTCBB: FSTI), GeneMax Corp. (OTCBB:
GMXX),
Global Path (OTCBB: GBPI), Goldman, Sachs & Co. (NYSE: GS), Group
Management
(OTCBB: GPMT), Hop-On (OTC: HPON), H-Quotient, Inc., (OTCBB: HQNT),
International Biochem (OTCBB: IBCL), Intergold Corp. (OTCBB: IGCO),
InternetStudios, Inc. (OTCBB: ISTO), ITIS Holdings (OTCBB: ITHH), Jag
Media
Holdings (OTCBB: JGMHA), Knight Securities, LP (NASDAQ: NITE), Lair
Holdings
(OTCBB: LAIR), MBIA (NYSE: MBI), MetaSource Group, Inc. (OTCBB: MTSR),
M.
H. Myerson & Co., Inc. (NASDAQ: MHMY), Midastrade.com (OTC: MIDS), Make
Your
Move (OTCBB: MKMV), MSM Jewelry Corp. (OTC: MSMJ), Nutra Pharmaceutical
(OTCBB: NPHC), Nutek (OTCBB: NUTK), Pitts & Spitts (OTCBB: PSPP), Sales
OnLine Direct (OTCBB: PAID), Pacel Corp. (OTCBB: PCEL), Presidential
Air
Corp. (OTCBB: PDAR), PayStar Corporation (OTCBB: PYST), Petrogen Corp.
(OTCBB: PTGC),PrimeHoldings.com, Inc. (OTC: PRIM), Reed Holdings (OTC:
RDHC), Sionix Corp. (OTCBB: SINX), Soundcomm Technologies (OTC: STEH),
Sports Resorts International (NASDAQ: SPRI), Technology Logistics (OTC:
TLOS), Ten Stix, TD), Trezac Corp. (OTCBB: TREZV), US West Homes
(OTCBB:
USWH), Vega Atlantic (OTCBB: VATL), vFinance, Inc. (OTCBB: VFIN), Vtex
Energy (OTCBB: VXEN) and Wizzard Software (OTCBB: WIZD).and
WorldTradeShow.com (OTC: WTSW). Clickable links for FinancialWire news
are
at http://www.financialwire.net.For FinancialWire audio news, click on
partner ON24 at http://www.on24news.com
"Corporate Strategies with Tim Connolly" is live talk radio.with the
Titans
of Business who move financial markets! The show is hosted by Tim
Connolly,
CEO of Merchant Banker Corporate Strategies, Inc. The Executive
Producer of
the show is broadcast news veteran Jan Carson, an award winning
journalist
with more than 20 years experience as a top rated television news
anchor and
reporter for NBC, ABC and CBS network affiliates. "Corporate
Strategies
with Tim Connolly" features financial experts from across the nation
providing the latest intelligence on equities, income investments, and
a
variety of risk, equity and option strategies. Recent guests have
included
former SEC Chairman Arthur Levitt, former Compaq CEO Eckard Pfieffer,
Money
Manager Louis Navellier, and many others.
About Wachovia Corporation, Scott Eisler and Michael Kravitz
Co-hosts Scott Eisler and Michael Kravitz are Senior Vice Presidents of
Wachovia Securities. Wachovia Corporation (NYSE:WB), created through
the
September 1, 2001, merger of First Union and Wachovia, is a leading
provider
of financial services to 20 million retail, brokerage and corporate
customers throughout the East Coast and the nation. Its four core
businesses are: the General Bank, Capital Management Group, Wealth
Management Group and the Corporate and Investment Bank. As of June 30,
2002, Wachovia had $325 billion in assets, a market capitalization of
$52
billion, and stockholder's equity of $30 billion Wachovia Corporation
is the
fourth largest bank holding company based on assets and Wachovia
Securities
is the fifth largest broker-dealer in the United States.
Noted Economist Mike King of Princeton Research provides live technical
analysis for the show and hosts the "Not For Widows and Orphans"
segment of
"Corporate Strategies with Tim Connolly" from 8:00PM to 9:00PM CST.
______________________________________
Contact:
Karyn Breeckner
Corporate Strategies, Inc.
713-621-2737
news@corporate-strategies.net
As Info: > "Short Sellers Wars" Live on "Corporate Strategies with Tim Connolly"
Sunday, March 2nd from 8 to10 pm EST
HOUSTON, TEXAS - [PRWEB] Thursday, February 27, 2003
This Sunday night, "Corporate Strategies with Tim Connolly" will
discuss
"Short Seller Wars" featuring live commentary from CEO's, attorneys and
professionals from nearly sixty companies involved in the naked short
seller
controversy, the practice of selling securities short without
possession of
the actual borrowed securities. This weekend's special two-hour
edition of
Corporate Strategies is co-sponsored by The CEO Council
(www.ceocouncil.net), Investrend Broadcast
(www.investrendbroadcast.com)
and Princeton
Research (www.princetonresearch.com). We will take live phone calls
from
all interested parties, from market makers to investors at
1-877-266-7469 or
listen live via the Internet at www.businesstalkradio.net or on over
275
local affiliates nationwide. Tune in for what is sure to be a
controversial
edition of "Corporate Strategies with Tim Connolly." This hour of
"Corporate Strategies with Tim Connolly" is hosted by Tim Connolly of
Corporate Strategies Merchant Bankers (www.corporate-strategies.net)
and
Senior Vice Presidents Scott Eisler and Michael Kravitz of Wachovia
Securities.
The Short Seller Wars have recently been the subject of several
articles in
the Dow Jones (NYSE: DJ) News Service and Reuters (NASDAQ: RTRSY). Per
Financial Wire News Service, the complete list of the 60 companies
currently
associated on one side or another of the naked short seller controversy
includes A.G. Edwards, Inc. (NYSE: AGE), Federal Agricultural Mortgage
Corp.
"Farmer Mac" (NYSE: AGM), Allied Capital (NYSE: ALD), American
Motorcycle
(OTC: AMCYV), American International Industries (OTCBB: AMIN),
Ameri-Dream
(OTCBB: AMDR), Bluebook International (OTCBB: BBIC), Blue Industries
(OTCBB:
BLIIV), Bentley Communications (OTCBB: BTLY), Biocurex (OTCBB: BOCX),
Critical Home Care (OTCBB: CCLH), Composite Holdings (OTC: COHIA),
Edgetech
Services (OTCBB: EDGH), Endovasc Ltd. (OTCBB: ENVC), Enviro-Energy
Corporation (OTCBB: ENGY), Environmental Products & Technologies (OTC:
EPTC), FreeStar Technologies (OTCBB: FSTI), GeneMax Corp. (OTCBB:
GMXX),
Global Path (OTCBB: GBPI), Goldman, Sachs & Co. (NYSE: GS), Group
Management
(OTCBB: GPMT), Hop-On (OTC: HPON), H-Quotient, Inc., (OTCBB: HQNT),
International Biochem (OTCBB: IBCL), Intergold Corp. (OTCBB: IGCO),
InternetStudios, Inc. (OTCBB: ISTO), ITIS Holdings (OTCBB: ITHH), Jag
Media
Holdings (OTCBB: JGMHA), Knight Securities, LP (NASDAQ: NITE), Lair
Holdings
(OTCBB: LAIR), MBIA (NYSE: MBI), MetaSource Group, Inc. (OTCBB: MTSR),
M.
H. Myerson & Co., Inc. (NASDAQ: MHMY), Midastrade.com (OTC: MIDS), Make
Your
Move (OTCBB: MKMV), MSM Jewelry Corp. (OTC: MSMJ), Nutra Pharmaceutical
(OTCBB: NPHC), Nutek (OTCBB: NUTK), Pitts & Spitts (OTCBB: PSPP), Sales
OnLine Direct (OTCBB: PAID), Pacel Corp. (OTCBB: PCEL), Presidential
Air
Corp. (OTCBB: PDAR), PayStar Corporation (OTCBB: PYST), Petrogen Corp.
(OTCBB: PTGC),PrimeHoldings.com, Inc. (OTC: PRIM), Reed Holdings (OTC:
RDHC), Sionix Corp. (OTCBB: SINX), Soundcomm Technologies (OTC: STEH),
Sports Resorts International (NASDAQ: SPRI), Technology Logistics (OTC:
TLOS), Ten Stix, TD), Trezac Corp. (OTCBB: TREZV), US West Homes
(OTCBB:
USWH), Vega Atlantic (OTCBB: VATL), vFinance, Inc. (OTCBB: VFIN), Vtex
Energy (OTCBB: VXEN) and Wizzard Software (OTCBB: WIZD).and
WorldTradeShow.com (OTC: WTSW). Clickable links for FinancialWire news
are
at http://www.financialwire.net.For FinancialWire audio news, click on
partner ON24 at http://www.on24news.com
"Corporate Strategies with Tim Connolly" is live talk radio.with the
Titans
of Business who move financial markets! The show is hosted by Tim
Connolly,
CEO of Merchant Banker Corporate Strategies, Inc. The Executive
Producer of
the show is broadcast news veteran Jan Carson, an award winning
journalist
with more than 20 years experience as a top rated television news
anchor and
reporter for NBC, ABC and CBS network affiliates. "Corporate
Strategies
with Tim Connolly" features financial experts from across the nation
providing the latest intelligence on equities, income investments, and
a
variety of risk, equity and option strategies. Recent guests have
included
former SEC Chairman Arthur Levitt, former Compaq CEO Eckard Pfieffer,
Money
Manager Louis Navellier, and many others.
About Wachovia Corporation, Scott Eisler and Michael Kravitz
Co-hosts Scott Eisler and Michael Kravitz are Senior Vice Presidents of
Wachovia Securities. Wachovia Corporation (NYSE:WB), created through
the
September 1, 2001, merger of First Union and Wachovia, is a leading
provider
of financial services to 20 million retail, brokerage and corporate
customers throughout the East Coast and the nation. Its four core
businesses are: the General Bank, Capital Management Group, Wealth
Management Group and the Corporate and Investment Bank. As of June 30,
2002, Wachovia had $325 billion in assets, a market capitalization of
$52
billion, and stockholder's equity of $30 billion Wachovia Corporation
is the
fourth largest bank holding company based on assets and Wachovia
Securities
is the fifth largest broker-dealer in the United States.
Noted Economist Mike King of Princeton Research provides live technical
analysis for the show and hosts the "Not For Widows and Orphans"
segment of
"Corporate Strategies with Tim Connolly" from 8:00PM to 9:00PM CST.
______________________________________
Contact:
Karyn Breeckner
Corporate Strategies, Inc.
713-621-2737
news@corporate-strategies.net
ya, I read that rick... shaking em longs-out
g/m rickster ... iffin I don't start profiting soon, I gonna open-up thCornerBar ... !!
Be safe, trkyhntr ... !!
Thank you, Matt ...
Matt... Is there a board for Trade-Halts .. ? tia
Current Trading Halts Tuesday, February 25, 2003
Halt Date HaltTime Issue Symbol Issue
Name Reason Code Resumption\Deletion
Date Quote TimeTrade Time
2/25/2003 12:41:26 TAAPP TOUCH AMER 6.875 PFD T.1
rager, some movement on HYVR ...
PPHM P/R >>
Press ReleaseSource: Peregrine Pharmaceuticals
Peregrine Pharmaceuticals Announces Grant Of Patent For New Anti-Angiogenic Treatments
Tuesday February 25, 9:29 am ET
TUSTIN, Calif., Feb. 25 /PRNewswire-FirstCall/ -- Peregrine Pharmaceuticals (Nasdaq: PPHM - News) today announced the issuance of U.S. Patent No. 6,524,583 covering new antibody-based methods for treating a variety of diseases. The patent, entitled Antibody Methods for Selectively Inhibiting VEGF, covers methods for treating a variety of diseases, including cancer, arthritis and eye diseases, based on the use of a group of antibodies that bind to and selectively neutralize the actions of VEGF (vascular endothelial growth factor). Researchers at the University of Texas Southwestern Medical Center at Dallas, through a Peregrine sponsored research collaboration, have developed monoclonal antibodies that selectively inhibit VEGF activity to be used as potential therapeutic agents. These antibodies have been exclusively licensed to Peregrine from the University of Texas System.
VEGF is a powerful growth factor with a number of biological effects, including promoting the growth of blood vessels, a process known as angiogenesis. Unregulated or inappropriate angiogenesis contributes to the development and maintenance of various diseases, including malignant tumor formation and metastasis. Other angiogenic diseases in which VEGF plays an important part include arthritis, eye diseases, including those associated with aging, and skin disorders such as psoriasis.
Peregrine has developed a panel of antibodies that block the interaction of VEGF with one of its key receptors. Researchers at UT Southwestern, through a Peregrine sponsored research collaboration, have developed monoclonal antibodies that block VEGF from binding to VEGF receptor 2 (KDR/Flk-1) but not VEGF receptor 1 (FLT-1/flt-1). This specific blocking property enhances the therapeutic effect against the disease, without significantly impairing the beneficial effects of VEGF at other sites in the body, thus maintaining normal immune responses, macrophage functions and natural anti-angiogenic mechanisms.
U.S. Patent No. 6,524,583 extends Peregrine's patent protection to cover the treatment of a range of diseases. The new patent provides methods for treating cancer, arthritis, eye diseases, skin disorders and other conditions in which VEGF is involved, using antibodies that block VEGF binding to only one of two primary VEGF receptors.
"This new patent significantly expands Peregrine's intellectual property coverage for our anti-VEGF program for the treatment of diseases other than cancer," said Edward J. Legere, Peregrine's president and CEO. "The development of single agents that can treat cancer as well as other disease types significantly enhances the revenue potential for such agents. We believe that this will provide further opportunities for strategic partnering and business development for our anti-angiogenesis programs. We are currently developing fully human anti-VEGF monoclonal antibodies to be evaluated for human studies."
G/M Dallas, Subrs, .. VLVT P/R >>
Press ReleaseSource: Veltex Corporation
Veltex Corporation Purchased 40 Trailers
Tuesday February 25, 9:05 am ET
DIAMOND BAR, Calif.--(BUSINESS WIRE)--Feb. 25, 2003--Veltex Corporation (OTC: VLVT - News) has just purchased 40 trailers for its 40 truck fleet, which will add $192,000/mo. to generate an additional $2,304,000/year. The trailers have been financed through City Capital. All 40 trucks and trailers are owned and by Veltex Corporation.
Javeed Matin, CEO of Veltex Corporation said, "The 53 foot trailers will have a bigger impact on Veltex Corp.'s books. By having 40 trailers attached to our 40 trucks, the total yearly revenue will equate to $11,904,000."
"We are extremely happy to see our trailers wind up in good hands at Veltex Corp.; our company strives for perfection and we stand behind every trailer we sell," said James Verse, Sales manager of Southeast Trailers Georgia.
Veltex Corporation's current audit is expected to be completed by March 31, 2003. Audited financials will include the assessment of full year 2001 and 2002 financial records.
Veltex Corporation is a diversified holding company composed of four divisions: Trucking; Distribution, specializing in caps, apparel and apparel accessories for the Promotional Products Industry; Manufacturing, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, sheeting for consumer and industrial products; and Marketing specializing in online marketing and promotions for the vacation ownership industry.
VLVT P/R >>
Press ReleaseSource: Veltex Corporation
Veltex Corporation Purchased 40 Trailers
Tuesday February 25, 9:05 am ET
DIAMOND BAR, Calif.--(BUSINESS WIRE)--Feb. 25, 2003--Veltex Corporation (OTC: VLVT - News) has just purchased 40 trailers for its 40 truck fleet, which will add $192,000/mo. to generate an additional $2,304,000/year. The trailers have been financed through City Capital. All 40 trucks and trailers are owned and by Veltex Corporation.
Javeed Matin, CEO of Veltex Corporation said, "The 53 foot trailers will have a bigger impact on Veltex Corp.'s books. By having 40 trailers attached to our 40 trucks, the total yearly revenue will equate to $11,904,000."
"We are extremely happy to see our trailers wind up in good hands at Veltex Corp.; our company strives for perfection and we stand behind every trailer we sell," said James Verse, Sales manager of Southeast Trailers Georgia.
Veltex Corporation's current audit is expected to be completed by March 31, 2003. Audited financials will include the assessment of full year 2001 and 2002 financial records.
Veltex Corporation is a diversified holding company composed of four divisions: Trucking; Distribution, specializing in caps, apparel and apparel accessories for the Promotional Products Industry; Manufacturing, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, sheeting for consumer and industrial products; and Marketing specializing in online marketing and promotions for the vacation ownership industry.
Press ReleaseSource: Veltex Corporation
Veltex Corporation Purchased 40 Trailers
Tuesday February 25, 9:05 am ET
DIAMOND BAR, Calif.--(BUSINESS WIRE)--Feb. 25, 2003--Veltex Corporation (OTC: VLVT - News) has just purchased 40 trailers for its 40 truck fleet, which will add $192,000/mo. to generate an additional $2,304,000/year. The trailers have been financed through City Capital. All 40 trucks and trailers are owned and by Veltex Corporation.
Javeed Matin, CEO of Veltex Corporation said, "The 53 foot trailers will have a bigger impact on Veltex Corp.'s books. By having 40 trailers attached to our 40 trucks, the total yearly revenue will equate to $11,904,000."
"We are extremely happy to see our trailers wind up in good hands at Veltex Corp.; our company strives for perfection and we stand behind every trailer we sell," said James Verse, Sales manager of Southeast Trailers Georgia.
Veltex Corporation's current audit is expected to be completed by March 31, 2003. Audited financials will include the assessment of full year 2001 and 2002 financial records.
Veltex Corporation is a diversified holding company composed of four divisions: Trucking; Distribution, specializing in caps, apparel and apparel accessories for the Promotional Products Industry; Manufacturing, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, sheeting for consumer and industrial products; and Marketing specializing in online marketing and promotions for the vacation ownership industry.
GSPI News ... !!
Largest Biodiesel Plant in the U.S. Now Being Assembled in Bakersfield, California
Monday February 24, 9:31 am ET
BAKERSFIELD, Calif.--(BUSINESS WIRE)--Feb. 24, 2003--Green Star Products, Inc. (OTC:GSPI - News) announced today that the largest biodiesel plant in the US is now being assembled in Bakersfield, California.
ADVERTISEMENT
The production capacity of this plant is expected to be 35 million gallons per year at full production. This is significant when considering that the entire U.S. production of biodiesel in 2002 was only 15 million gallons.
GSPI has a 35% ownership position in American Bio-Fuels, LLC (ABF), the company that is building the plant through a joint venture.
The "Bakersfield Californian" newspaper published an article on Sunday, February 23rd, "Bakers pumped about biodiesel," that covered the role of biodiesel in aiding farm economies, reducing oil dependence and improving Bakersfield's air quality, which is among the worst in the U.S.
The newspaper article questioned several experts in the biodiesel field including Mr. Joseph LaStella, President of GSPI. The newspaper quoted Mr. LaStella as follows:
"A new diesel fuel may be available at Bakersfield gas pumps by the end of the year that could make the valley's smoggy skies clearer, help farmers meet strict new pollution rules, and even make dirty diesel trucks and buses smell yummy."
The article provides further background on biodiesel including the following quotes:
"Biodiesel can be made from a variety of domestically produced vegetable products, from restaurant waste grease to the most common source, soybeans. This gives biodiesel exhaust its trademark aroma, which resembles french fries or doughnuts. It also indicates another benefit: Soybeans cleanse soil and absorb carbon dioxide from the air as they grow. Since carbon dioxide is a leading greenhouse gas, proponents say burning biodiesel can actually reduce global warming," writes Matt Weiser of the "Bakersfield Californian."
"It cleans our air. It cleans our soil. If you spill biodiesel, it's as biodegradable as sugar," said LaStella, President of Green Star. "We put our farmers to work and not the Arabs pumping oil for us. We should be getting off that damn foreign oil as soon as we can and we can do it right here."
"The San Joaquin Valley represents a major market for biodiesel," LaStella said, "because of the area's bad air quality and large diesel-dependent farming industry."
The article further states:
"The diesel burned today by farm equipment is unregulated and contributes to a significant portion of the valley's air pollution. The state faces a federal order to eliminate the regulatory exemption for agriculture by Nov. 23. That could require farmers to replace current engines at a cost of thousands of dollars each. Instead, farmers might achieve similar air quality improvements simply by burning biodiesel, which requires no engine modifications," writes Weiser.
"If it's available and its price competitive -- even if it's slightly higher -- growers will switch over," said Loron Hodge, executive director of the Kern County Farm Bureau. "They've looked for alternative fuels for a long time. If we can get them to start using biodiesel, that would eliminate a big part of the air pollution. I'm encouraged by it."
The article also states:
"Biodiesel has proven itself in a variety of test programs around the country. For example, the city of San Jose now runs its entire fleet of garbage trucks on 100 percent biodiesel, and the Deer Valley Unified School District in Arizona has logged 4 million miles on biodiesel-powered buses," writes Weiser.
Mr. LaStella stated that: "The initial plant was to be much smaller (see GSPI press release dated Nov. 19, 2002) but many factors including market conditions and economies of scale dictated that a much larger plant was more financially prudent and desirable. The existing site facilities include three railroad spurs capable of holding 130 railroad cars and 36 acres of property with many other support facilities. Sixty percent of the equipment for the Bakersfield site is either on-site or in route."
Mr. LaStella also stated that: "The plant will also be the only continuous flow production facility in the U.S. Other plants usually incorporate older style inefficient batch processes."
The Bakersfield plant incorporates ABF's proprietary modular reactor/separator, which was tested and operated at the ABF's Adelanto facility (in Southern California) in early 2002. The reactor/separator modules can be quickly installed in increments of 2.5 million gallons per year in response to expanding market demands.
The rest of the biodiesel plant does not lend itself to modularization. The rules of economies of scale indicate that a much lower cost can be achieved if this part of the plant is built to maximum planned capacity. ABF, with the assistance of outside consultant engineers, has designed this section of the plant to be integrated into the continuous flow process.
The ABF continuous flow process design also reduces plant footprint; lowers maintenance and operations costs; minimizes capital construction costs; and shortens time to complete construction. All of these factors significantly lower the overall cost for producing ASTM grade biodiesel. The Bakersfield plant will be capable of producing biodiesel in the Second Quarter of 2003.
Biodiesel is a cleaner burning alternative diesel fuel made from renewable and recyclable resources. It is non-toxic, biodegradable and essentially free of sulfur and carcinogenic benzene.
Other advantages of using biodiesel include:
1. Puts American farmers to work
2. Creates new production jobs and a new industry
3. Provides insurance against oil embargoes
4. Reduces life cycle CO2 by 78 percent (Greenhouse Gas)
5. Reduces dependency on foreign oil
6. It's a renewable energy source
7. Reduces hydrocarbon and carbon monoxide emissions
8. Reduces particulate emissions and smoke
9. Has higher cetane
10. Has no sulfur
11. Quality is assured by ASTM standards
The entire "Bakersfield Californian" newspaper article by Matt Weiser can be read at http://www.bakersfield.com/.
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."
GSPI News ... !!
Largest Biodiesel Plant in the U.S. Now Being Assembled in Bakersfield, California
Monday February 24, 9:31 am ET
BAKERSFIELD, Calif.--(BUSINESS WIRE)--Feb. 24, 2003--Green Star Products, Inc. (OTC:GSPI - News) announced today that the largest biodiesel plant in the US is now being assembled in Bakersfield, California.
ADVERTISEMENT
The production capacity of this plant is expected to be 35 million gallons per year at full production. This is significant when considering that the entire U.S. production of biodiesel in 2002 was only 15 million gallons.
GSPI has a 35% ownership position in American Bio-Fuels, LLC (ABF), the company that is building the plant through a joint venture.
The "Bakersfield Californian" newspaper published an article on Sunday, February 23rd, "Bakers pumped about biodiesel," that covered the role of biodiesel in aiding farm economies, reducing oil dependence and improving Bakersfield's air quality, which is among the worst in the U.S.
The newspaper article questioned several experts in the biodiesel field including Mr. Joseph LaStella, President of GSPI. The newspaper quoted Mr. LaStella as follows:
"A new diesel fuel may be available at Bakersfield gas pumps by the end of the year that could make the valley's smoggy skies clearer, help farmers meet strict new pollution rules, and even make dirty diesel trucks and buses smell yummy."
The article provides further background on biodiesel including the following quotes:
"Biodiesel can be made from a variety of domestically produced vegetable products, from restaurant waste grease to the most common source, soybeans. This gives biodiesel exhaust its trademark aroma, which resembles french fries or doughnuts. It also indicates another benefit: Soybeans cleanse soil and absorb carbon dioxide from the air as they grow. Since carbon dioxide is a leading greenhouse gas, proponents say burning biodiesel can actually reduce global warming," writes Matt Weiser of the "Bakersfield Californian."
"It cleans our air. It cleans our soil. If you spill biodiesel, it's as biodegradable as sugar," said LaStella, President of Green Star. "We put our farmers to work and not the Arabs pumping oil for us. We should be getting off that damn foreign oil as soon as we can and we can do it right here."
"The San Joaquin Valley represents a major market for biodiesel," LaStella said, "because of the area's bad air quality and large diesel-dependent farming industry."
The article further states:
"The diesel burned today by farm equipment is unregulated and contributes to a significant portion of the valley's air pollution. The state faces a federal order to eliminate the regulatory exemption for agriculture by Nov. 23. That could require farmers to replace current engines at a cost of thousands of dollars each. Instead, farmers might achieve similar air quality improvements simply by burning biodiesel, which requires no engine modifications," writes Weiser.
"If it's available and its price competitive -- even if it's slightly higher -- growers will switch over," said Loron Hodge, executive director of the Kern County Farm Bureau. "They've looked for alternative fuels for a long time. If we can get them to start using biodiesel, that would eliminate a big part of the air pollution. I'm encouraged by it."
The article also states:
"Biodiesel has proven itself in a variety of test programs around the country. For example, the city of San Jose now runs its entire fleet of garbage trucks on 100 percent biodiesel, and the Deer Valley Unified School District in Arizona has logged 4 million miles on biodiesel-powered buses," writes Weiser.
Mr. LaStella stated that: "The initial plant was to be much smaller (see GSPI press release dated Nov. 19, 2002) but many factors including market conditions and economies of scale dictated that a much larger plant was more financially prudent and desirable. The existing site facilities include three railroad spurs capable of holding 130 railroad cars and 36 acres of property with many other support facilities. Sixty percent of the equipment for the Bakersfield site is either on-site or in route."
Mr. LaStella also stated that: "The plant will also be the only continuous flow production facility in the U.S. Other plants usually incorporate older style inefficient batch processes."
The Bakersfield plant incorporates ABF's proprietary modular reactor/separator, which was tested and operated at the ABF's Adelanto facility (in Southern California) in early 2002. The reactor/separator modules can be quickly installed in increments of 2.5 million gallons per year in response to expanding market demands.
The rest of the biodiesel plant does not lend itself to modularization. The rules of economies of scale indicate that a much lower cost can be achieved if this part of the plant is built to maximum planned capacity. ABF, with the assistance of outside consultant engineers, has designed this section of the plant to be integrated into the continuous flow process.
The ABF continuous flow process design also reduces plant footprint; lowers maintenance and operations costs; minimizes capital construction costs; and shortens time to complete construction. All of these factors significantly lower the overall cost for producing ASTM grade biodiesel. The Bakersfield plant will be capable of producing biodiesel in the Second Quarter of 2003.
Biodiesel is a cleaner burning alternative diesel fuel made from renewable and recyclable resources. It is non-toxic, biodegradable and essentially free of sulfur and carcinogenic benzene.
Other advantages of using biodiesel include:
1. Puts American farmers to work
2. Creates new production jobs and a new industry
3. Provides insurance against oil embargoes
4. Reduces life cycle CO2 by 78 percent (Greenhouse Gas)
5. Reduces dependency on foreign oil
6. It's a renewable energy source
7. Reduces hydrocarbon and carbon monoxide emissions
8. Reduces particulate emissions and smoke
9. Has higher cetane
10. Has no sulfur
11. Quality is assured by ASTM standards
The entire "Bakersfield Californian" newspaper article by Matt Weiser can be read at http://www.bakersfield.com/.
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."
Appr. it cintrix, how ya be .. ?
There is news on TALL, rager, but I can't c&p it for some reason ...
G/M Dallas ... UP (or) DN today ... ?
Don't you take that lil' munchkin away ... He works hard ...!!
PRVH P/R ... !!
Press ReleaseSource: Providential Holdings, Inc.
Providential Subsidiary ATC Technology Corp. Receives Orders from Sam's Club
Monday February 24, 7:04 am ET
ATC anticipates imminent orders from other major US and European retailers to post strong sales for fiscal 2003
FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)--Feb. 24, 2003-- Providential Holdings, Inc. (OTCBB:PRVH - News; www.phiglobal.com) today announced that ATC Technology Corp (www.atctech.com) had recently received purchase orders for 1,000 units of its award-winning Vidego(TM), a mobile wireless DVD player car theater system, from Trade Services Solution, S.A. de C.V., for distribution to Wal-Mart Stores' (NYSE:WMT - News) Sam's Club, Mexico (www.walmartmexico.com.mx).
Keith Wong, President and CEO of ATC Technology Corp., commented: "We are pleased to have received these orders from Trade Services Solution for Sam's Club in Mexico. This will be our entry into an important market outside of the US and it has proven that ATC's products are indeed desirable worldwide. At the MSRP (manufacturer suggested retail price) of $599.99, our portable units provide crystal-clear pictures and are hundreds of dollars less than the dealer-installed systems."
Wong added: "It's noteworthy that the response to ATC's products was overwhelming from the Hong Kong Toy Fair and Las Vegas CES Show last month. Buyers from the United States, United Kingdom, Netherlands, Italy, France, Germany, China and Poland were drawn to ATC's products. The foreign buyers represented the famous companies in their countries, such as Karstadt (Germany), Boots (UK), Jumbo (Greece), TEG (Spain), Toys R US (Australia) and FUN (Belgium). We have begun to see some concrete results from these responses and expect to receive more sizable orders in the near future."
Ya beat me, rager ... g/m ...!
Big Happy B-Day, Bull ... !!
WTAI Responds .. !!
World Transport Authority Responds
World Transport Authority, Inc.
140 West Park Avenue, Suite 219
El Cajon, CA 92020
www.wtaiworldstar.com
El Cajon, California, February 24, 2003 - World Transport Authority, Inc. (WTAI) (OTC BB: WTAI; Frankfurt: 920943) learned that a lawsuit was filed against Douglas Norman by the Securities and Exchange Commission. Legal counsel is investigating these allegations and is taking appropriate action to protect the rights of both Mr. Norman and the Company's forward momentum in the interest of the shareholders.
Mr. Norman is a founder of WTAI, which developed the WorldStar utility vehicle and Micro-Manufacturing process. Mr. Norman played a vital role in the research and development conducted by the Company and continues to work diligently as the Company progresses. While not an employee of the Company, he continues to provide international sales services for WTAI. The Company has not yet verified the facts of the lawsuit but is now researching the matter.
"The people associated with WTAI and the WorldStar project are firmly committed to its long term success and have expressed their continued support in light of recent events," commented Mr. Wardrop, President of WTAI.
"The Company has overcome obstacles in the past and is now completing discussions and contractual provisions to expand operations in the Philippines. We will continue to complete other transactions currently in the planning stages now. The success of any business is not based on blind luck or being in the right place at the right time, but rather on perserverance and keeping focus until the goal is reached.
"World Transport Authority, Inc. continues normal business operations and is encouraged about the forward motion in a number of areas," continued Mr. Wardrop. A recent WTAI press release announced that the company is in negotiations to obtain a substantial ownership in ground-breaking Hydrogen extraction technology.
It is the mission of WTAI to provide motorized multi-purpose utility vehicles that are durable, reliable and low cost for the benefit of developing countries using our unique WorldStar Micro-Manufacturing process. We are also committed to providing this benefit utilizing the most energy efficient and environmentally clean propulsion technology that is scientifically possible.
This Press release contains forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended and such section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision. Refer to the WTA web site at: www.wtaiworldstar.com and other sources for more detailed information.
For further information, please contact:
World Transport Authority, Inc.
Lyle Wardrop Email: lyle@wtaiworldstar.com
(619) 593-2440
(619) 593-2444 Fax
WTAI Responds .. !!
World Transport Authority Responds
World Transport Authority, Inc.
140 West Park Avenue, Suite 219
El Cajon, CA 92020
www.wtaiworldstar.com
El Cajon, California, February 24, 2003 - World Transport Authority, Inc. (WTAI) (OTC BB: WTAI; Frankfurt: 920943) learned that a lawsuit was filed against Douglas Norman by the Securities and Exchange Commission. Legal counsel is investigating these allegations and is taking appropriate action to protect the rights of both Mr. Norman and the Company's forward momentum in the interest of the shareholders.
Mr. Norman is a founder of WTAI, which developed the WorldStar utility vehicle and Micro-Manufacturing process. Mr. Norman played a vital role in the research and development conducted by the Company and continues to work diligently as the Company progresses. While not an employee of the Company, he continues to provide international sales services for WTAI. The Company has not yet verified the facts of the lawsuit but is now researching the matter.
"The people associated with WTAI and the WorldStar project are firmly committed to its long term success and have expressed their continued support in light of recent events," commented Mr. Wardrop, President of WTAI.
"The Company has overcome obstacles in the past and is now completing discussions and contractual provisions to expand operations in the Philippines. We will continue to complete other transactions currently in the planning stages now. The success of any business is not based on blind luck or being in the right place at the right time, but rather on perserverance and keeping focus until the goal is reached.
"World Transport Authority, Inc. continues normal business operations and is encouraged about the forward motion in a number of areas," continued Mr. Wardrop. A recent WTAI press release announced that the company is in negotiations to obtain a substantial ownership in ground-breaking Hydrogen extraction technology.
It is the mission of WTAI to provide motorized multi-purpose utility vehicles that are durable, reliable and low cost for the benefit of developing countries using our unique WorldStar Micro-Manufacturing process. We are also committed to providing this benefit utilizing the most energy efficient and environmentally clean propulsion technology that is scientifically possible.
This Press release contains forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended and such section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision. Refer to the WTA web site at: www.wtaiworldstar.com and other sources for more detailed information.
For further information, please contact:
World Transport Authority, Inc.
Lyle Wardrop Email: lyle@wtaiworldstar.com
(619) 593-2440
(619) 593-2444 Fax