(( After 2 days of NO-posts ~ call 502~574~2111 )) >
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Clara Harris, GUILTY of murder ... !!
TVIN ^ Again ...Yeow ..!! . I have it @ $ .14 ...
SCYA P/R >
Press ReleaseSource: Security Asset Capital Corp.
Top Executive and Director to be Appointed CEO of Security Asset Capital Corp.
Thursday February 13, 9:44 am ET
LAS VEGAS--(BUSINESS WIRE)--Feb. 13, 2003--Security Asset Capital Corp. (OTCBB:SCYA - News) announced today that Daniel J. Hill will become chief executive officer of Security Asset Capital Corp. subject to board approval.
ADVERTISEMENT
Hill has been a director of the company since 1998 and will be filling the position vacated by David Walton, who has been with the company for 10 years. Hill has over 25 years management experience in the high technology electronics business, where his focus has been high growth companies, startups and turnarounds. From 1999 to 2001, Hill was executive vice president and chief operating officer of Cerprobe Corp., a Nasdaq traded semiconductor equipment company. Hill directly oversaw the operations of nine manufacturing plants in eight countries and played a significant role in helping the company double revenues and return to profitability. Additionally, Hill was an integral part of the sale and transition of Cerprobe to Kulicke & Soffa Industries Inc. (Nasdaq:KLIC - News), where shareholder value was increased from $50 million to $200 million through January 2001. From 1998 to 1999 Hill was executive director for Price Waterhouse Coopers responsible for the firms focus on the semiconductor industry. From 1995 to 1998 Hill was the founder and chief executive officer of 1ST SILICON previously InterConnect Technology located in Sunnyvale, Calif. & Kuching, Malaysia. Hill effectively structured and closed funding agreements with equity partners and banks to finance construction of a $180 million R&D center in California, and a $1.4 billion foundry in Malaysia. From 1991 to 1995 Hill was president, chief executive officer and chairman of board for Micro Component Technology (MCTI) in St. Paul, Minn. MCTI had operations and manufacturing in the U.K., France, Germany, Italy, Malaysia, Singapore and Japan. From 1980 to 1991 Hill held various positions with National Semiconductor, Santa Clara, Calif. including, vice president, general manager of their discrete products division, and managing director of Malaysian operations where he was responsible for over 6,000 employees. Recent accomplishments include, in July 2002 being a participant in an industry roundtable held by "The Conference Board" and Stanford Law School as a post-Enron post mortem for creating a Blueprint for Best Corporate Governance Practices and early warning systems. Hill is a renowned industry speaker and publisher in the semi-conductor field and has served on the board of 20 different technology companies in eight countries.
SCYA ...P/R >
Press ReleaseSource: Security Asset Capital Corp.
Top Executive and Director to be Appointed CEO of Security Asset Capital Corp.
Thursday February 13, 9:44 am ET
LAS VEGAS--(BUSINESS WIRE)--Feb. 13, 2003--Security Asset Capital Corp. (OTCBB:SCYA - News) announced today that Daniel J. Hill will become chief executive officer of Security Asset Capital Corp. subject to board approval.
ADVERTISEMENT
Hill has been a director of the company since 1998 and will be filling the position vacated by David Walton, who has been with the company for 10 years. Hill has over 25 years management experience in the high technology electronics business, where his focus has been high growth companies, startups and turnarounds. From 1999 to 2001, Hill was executive vice president and chief operating officer of Cerprobe Corp., a Nasdaq traded semiconductor equipment company. Hill directly oversaw the operations of nine manufacturing plants in eight countries and played a significant role in helping the company double revenues and return to profitability. Additionally, Hill was an integral part of the sale and transition of Cerprobe to Kulicke & Soffa Industries Inc. (Nasdaq:KLIC - News), where shareholder value was increased from $50 million to $200 million through January 2001. From 1998 to 1999 Hill was executive director for Price Waterhouse Coopers responsible for the firms focus on the semiconductor industry. From 1995 to 1998 Hill was the founder and chief executive officer of 1ST SILICON previously InterConnect Technology located in Sunnyvale, Calif. & Kuching, Malaysia. Hill effectively structured and closed funding agreements with equity partners and banks to finance construction of a $180 million R&D center in California, and a $1.4 billion foundry in Malaysia. From 1991 to 1995 Hill was president, chief executive officer and chairman of board for Micro Component Technology (MCTI) in St. Paul, Minn. MCTI had operations and manufacturing in the U.K., France, Germany, Italy, Malaysia, Singapore and Japan. From 1980 to 1991 Hill held various positions with National Semiconductor, Santa Clara, Calif. including, vice president, general manager of their discrete products division, and managing director of Malaysian operations where he was responsible for over 6,000 employees. Recent accomplishments include, in July 2002 being a participant in an industry roundtable held by "The Conference Board" and Stanford Law School as a post-Enron post mortem for creating a Blueprint for Best Corporate Governance Practices and early warning systems. Hill is a renowned industry speaker and publisher in the semi-conductor field and has served on the board of 20 different technology companies in eight countries.
CCGI News .... !!!
Press ReleaseSource: Collectible Concepts Group
Collectible Concepts Awarded Approved Vendor Status From Keystone Pharmacy Alliance
Thursday February 13, 8:31 am ET
DOYLESTOWN, Pa.--(BUSINESS WIRE)--Feb. 13, 2003--Collectible Concepts Group, Inc. (OTC: CCGI - News), a leading provider of sports and pop-culture collectibles, announced today that it has been awarded status as an approved vendor for the Keystone Pharmacy Purchasing Alliance, Inc. a Pennsylvania based buying syndicate with a membership of 325 independent pharmacies operating in Pennsylvania.
By combining the purchasing power of the consolidated membership under the Keystone Alliance, independent drug stores are now able to compete with the larger chains more effectively. The Alliance gives its members entree to a range of products that they might not otherwise have access to. In addition to new products, the Alliance gives the independent pharmacy owner the opportunity to purchase at lower prices than they would be able to obtain on their own.
"This is an exciting opportunity for us" said Paul Lipschutz, CCGI president. "Through this single point of contact, we are now presenting our products to over 300 retail pharmacy locations in Pennsylvania. Our line of silk posters featuring pop-culture and comic book characters, is displayed in stand-alone point of purchase displays and the accompanying line of collectible character pins is sold from counter top racks, both of which are particularly well suited for this type of retail environment" said Lipschutz.
Following its success with the Keystone Pharmacy Purchasing Alliance, the company plans to pursue the more than 12,000 independent pharmacies nationwide that are represented by 23 separate buying consortiums.
CCGI News ....!!
Press ReleaseSource: Collectible Concepts Group
Collectible Concepts Awarded Approved Vendor Status From Keystone Pharmacy Alliance
Thursday February 13, 8:31 am ET
DOYLESTOWN, Pa.--(BUSINESS WIRE)--Feb. 13, 2003--Collectible Concepts Group, Inc. (OTC: CCGI - News), a leading provider of sports and pop-culture collectibles, announced today that it has been awarded status as an approved vendor for the Keystone Pharmacy Purchasing Alliance, Inc. a Pennsylvania based buying syndicate with a membership of 325 independent pharmacies operating in Pennsylvania.
By combining the purchasing power of the consolidated membership under the Keystone Alliance, independent drug stores are now able to compete with the larger chains more effectively. The Alliance gives its members entree to a range of products that they might not otherwise have access to. In addition to new products, the Alliance gives the independent pharmacy owner the opportunity to purchase at lower prices than they would be able to obtain on their own.
"This is an exciting opportunity for us" said Paul Lipschutz, CCGI president. "Through this single point of contact, we are now presenting our products to over 300 retail pharmacy locations in Pennsylvania. Our line of silk posters featuring pop-culture and comic book characters, is displayed in stand-alone point of purchase displays and the accompanying line of collectible character pins is sold from counter top racks, both of which are particularly well suited for this type of retail environment" said Lipschutz.
Following its success with the Keystone Pharmacy Purchasing Alliance, the company plans to pursue the more than 12,000 independent pharmacies nationwide that are represented by 23 separate buying consortiums.
CCGI News ...!!
Press ReleaseSource: Collectible Concepts Group
Collectible Concepts Awarded Approved Vendor Status From Keystone Pharmacy Alliance
Thursday February 13, 8:31 am ET
DOYLESTOWN, Pa.--(BUSINESS WIRE)--Feb. 13, 2003--Collectible Concepts Group, Inc. (OTC: CCGI - News), a leading provider of sports and pop-culture collectibles, announced today that it has been awarded status as an approved vendor for the Keystone Pharmacy Purchasing Alliance, Inc. a Pennsylvania based buying syndicate with a membership of 325 independent pharmacies operating in Pennsylvania.
By combining the purchasing power of the consolidated membership under the Keystone Alliance, independent drug stores are now able to compete with the larger chains more effectively. The Alliance gives its members entree to a range of products that they might not otherwise have access to. In addition to new products, the Alliance gives the independent pharmacy owner the opportunity to purchase at lower prices than they would be able to obtain on their own.
"This is an exciting opportunity for us" said Paul Lipschutz, CCGI president. "Through this single point of contact, we are now presenting our products to over 300 retail pharmacy locations in Pennsylvania. Our line of silk posters featuring pop-culture and comic book characters, is displayed in stand-alone point of purchase displays and the accompanying line of collectible character pins is sold from counter top racks, both of which are particularly well suited for this type of retail environment" said Lipschutz.
Following its success with the Keystone Pharmacy Purchasing Alliance, the company plans to pursue the more than 12,000 independent pharmacies nationwide that are represented by 23 separate buying consortiums.
FSMEP News .... !!
February 12, 2003
FRESENIUS MEDICAL CARE HOLDINGS INC /NY/ (FSMEP)
form 8-K
ITEM 5. Other Events
On February 12, 2003,
Fresenius Medical Care AG (the "Company"), the parent corporation of Fresenius Medical Care Holdings, Inc., announced the execution of a definitive agreement for the settlement of all fraudulent conveyance and other claims related to the Company that arise out of the bankruptcy of W.R. Grace & Co. A copy of the Company's announcement is annexed as an exhibit to this Report.
Info. from Larry ....
...... Believe it or not, I'm in real-good shape on this one .... Very few pr's ever come out ....
..... So far, it's been a dandy ....!!
....... THIS IS * NOT * A RECOMMENDATION ....
FSMEP News .... !!
February 12, 2003
FRESENIUS MEDICAL CARE HOLDINGS INC /NY/ (FSMEP)
form 8-K
ITEM 5. Other Events
On February 12, 2003,
Fresenius Medical Care AG (the "Company"), the parent corporation of Fresenius Medical Care Holdings, Inc., announced the execution of a definitive agreement for the settlement of all fraudulent conveyance and other claims related to the Company that arise out of the bankruptcy of W.R. Grace & Co. A copy of the Company's announcement is annexed as an exhibit to this Report.
Info. from Larry ....
...... Believe it or not, I'm in real-good shape on this one .... Very few pr's ever come out ....
..... So far, it's been a dandy ....!!
....... THIS IS * NOT * A RECOMMENDATION ....
CLSI News >>
February 12, 2003 12:14
Clancy Systems International, Inc. Signs New Clients
DENVER--(BUSINESS WIRE)--Feb. 12, 2003--Clancy Systems International, Inc. (OTCBB:CLSI) adds new clients to its parking programs. Mountain Village, CO, has signed a contract with Clancy for a complete parking citation issuance and processing system. The city is excited to offer Clancy's Remit-online.com payment services for its citizens and visitors as a convenience.
Loudoun County, VA, has installed a complete ticket issuance program for its jurisdiction in the Leesburg and Sterling Virginia areas. The program streamlines its operations and increases the ability to generate revenues for the county.
In the past few weeks, Clancy has introduced a new program to its clients. The company is offering services to scan parking tickets for its clients with its high-speed scanning equipment. The program totally eliminates key punch processes for cities that use this service. Arlington County, VA, was the first client to take advantage of the program and other clients are eager to add this program to their services.
In an agreement between California Municipal Technologies, Inc (CMTI), a company that Clancy has had a long-term relationship with, and Clancy's retired Chairman of the Board, Robert M. Brodbeck, CMTI has acquired 26,510,000 of Brodbeck's shares. Under the terms of the purchase agreement, all SEC restrictions and rule 144 regulations apply to the transfer. In addition, Brodbeck has agreed to refrain from selling any of the remainder of his shares for a period of one year.
"In my opinion, the transfer of stock from Brodbeck to CMTI should have a positive effect on shareholder value. The pressure of the regular sales by Brodbeck over the past few years has had a negative effect on share price. CMTI's interest in Clancy is welcome and presents a positive endorsement of Clancy. We are interest in working with CMTI to further our mutual business opportunities," said Stanley Wolfson, Clancy's president.
CONTACT: Clancy Systems International, Inc. Stanley Wolfson, 303/753-0197 www.clancysystems.com
CLSI News ....!!
February 12, 2003 12:14
Clancy Systems International, Inc. Signs New Clients
DENVER--(BUSINESS WIRE)--Feb. 12, 2003--Clancy Systems International, Inc. (OTCBB:CLSI) adds new clients to its parking programs. Mountain Village, CO, has signed a contract with Clancy for a complete parking citation issuance and processing system. The city is excited to offer Clancy's Remit-online.com payment services for its citizens and visitors as a convenience.
Loudoun County, VA, has installed a complete ticket issuance program for its jurisdiction in the Leesburg and Sterling Virginia areas. The program streamlines its operations and increases the ability to generate revenues for the county.
In the past few weeks, Clancy has introduced a new program to its clients. The company is offering services to scan parking tickets for its clients with its high-speed scanning equipment. The program totally eliminates key punch processes for cities that use this service. Arlington County, VA, was the first client to take advantage of the program and other clients are eager to add this program to their services.
In an agreement between California Municipal Technologies, Inc (CMTI), a company that Clancy has had a long-term relationship with, and Clancy's retired Chairman of the Board, Robert M. Brodbeck, CMTI has acquired 26,510,000 of Brodbeck's shares. Under the terms of the purchase agreement, all SEC restrictions and rule 144 regulations apply to the transfer. In addition, Brodbeck has agreed to refrain from selling any of the remainder of his shares for a period of one year.
"In my opinion, the transfer of stock from Brodbeck to CMTI should have a positive effect on shareholder value. The pressure of the regular sales by Brodbeck over the past few years has had a negative effect on share price. CMTI's interest in Clancy is welcome and presents a positive endorsement of Clancy. We are interest in working with CMTI to further our mutual business opportunities," said Stanley Wolfson, Clancy's president.
CONTACT: Clancy Systems International, Inc. Stanley Wolfson, 303/753-0197 www.clancysystems.com
Thank you, excel ... Nothing hard to understand about ANY of it ....
Just shows how 'out-of-hand' it's all gotten ...
Bottom line:
Reverse Splits are PURE-THEFT ....
................. NOTHING BUT ....!!
MSNBC_BreakingNews
_NewsMail@MSNBC.COM (MSNBC Breaking News) Date: Wed, Feb 12, 2003, 7:18am (EST-3) To: BREAKINGNEWS@LISTS.MSNBC.COM
Subject: BREAKING NEWS: N. Korea in breach
----------------------------------------------
MSNBC Breaking News
----------------------------------------------
The governing board of the U.N. nuclear watchdog agency passes a resolution declaring North Korea in breach of U.N. safeguards and sends the issue to the U.N. Security Council.
=========================================
For more details: http://www.msnbc.com
Now here's a dandy ....
NAME/SYMBOL CHANGES
UpdatedDateOld SymbolOld NameNew SymbolNew Name13:38 02/12/2003
CDAL** Coeur d'Alenes Company (The) CDLA Coeur d'Alenes Company (The) New
(See Note 1) 13:38 02/12/2003
Notes (1) 1-1000 R/S immediately followed by 1000-1 F/S
ADOT News .... !!
Press ReleaseSource: Advanced Optics Electronics, Inc.
Advanced Optics Electronics, Inc. Announces Biotech Holdings New Website
Wednesday February 12, 8:30 am ET
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Feb. 12, 2003--Advanced Optics Electronics, Inc. (OTCBB:ADOT - News) announces that Biomoda, Inc.'s new website is now in place reflecting the thrust and development of the early lung cancer detection company's initial effects and its patent development.
Upon completion of the Biomoda's SB-2 filing, this site will also reflect the latest breaking Biomoda's developments which have been temporarily curtailed due to regulatory requirements.
Advanced Optics Electronics Inc. is on track to announce the actual date of the beginning of its buy back of its common shares. This buy back as the company mentioned in December would take place sometime in the first quarter of 2003.
Advanced Optics Electronics Inc. will be providing additional information regarding its agreement with the helmet mounted display developer within the next ten days. In addition to the military, development of this helmet mounted display would also help in the entertainment and gaming industries.
Advanced Optics Electronics, Inc. (OTCBB:ADOT - News) is a technology company based in Albuquerque, New Mexico. The company maintains an R&D facility and manufacturing plant, and is engaged in building large-scale flat panel displays utilizing its patented and patent pending technology.
In addition to the core business of ADOT, the company has made a strategic technology oriented investment in BIOMODA, Inc. BIOMODA, Inc. (non public) is a company that holds patents and patents pending domestically and internationally for the early detection of Lung Cancer. ADOT currently holds approximately 18 1/2% of BIOMODA, Inc.
ADOT News ....!!
Press ReleaseSource: Advanced Optics Electronics, Inc.
Advanced Optics Electronics, Inc. Announces Biotech Holdings New Website
Wednesday February 12, 8:30 am ET
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Feb. 12, 2003--Advanced Optics Electronics, Inc. (OTCBB:ADOT - News) announces that Biomoda, Inc.'s new website is now in place reflecting the thrust and development of the early lung cancer detection company's initial effects and its patent development.
Upon completion of the Biomoda's SB-2 filing, this site will also reflect the latest breaking Biomoda's developments which have been temporarily curtailed due to regulatory requirements.
Advanced Optics Electronics Inc. is on track to announce the actual date of the beginning of its buy back of its common shares. This buy back as the company mentioned in December would take place sometime in the first quarter of 2003.
Advanced Optics Electronics Inc. will be providing additional information regarding its agreement with the helmet mounted display developer within the next ten days. In addition to the military, development of this helmet mounted display would also help in the entertainment and gaming industries.
Advanced Optics Electronics, Inc. (OTCBB:ADOT - News) is a technology company based in Albuquerque, New Mexico. The company maintains an R&D facility and manufacturing plant, and is engaged in building large-scale flat panel displays utilizing its patented and patent pending technology.
In addition to the core business of ADOT, the company has made a strategic technology oriented investment in BIOMODA, Inc. BIOMODA, Inc. (non public) is a company that holds patents and patents pending domestically and internationally for the early detection of Lung Cancer. ADOT currently holds approximately 18 1/2% of BIOMODA, Inc.
Yes, Ian >
Prohibiting r/s, is exactly what I'm proposing ....
I've heard ALL those excuses, (when talking to CEO's) ...
RRRR is an example ....
UVEW is an example .... etc,etc ....
Just because a co. is delisted, is NOT the worst thing to happen to the co ....
''Sure, they would like to avoid delisting, but it's the shareholders that fund it '' ....
They will tell you that the shareholders voted for it ....(Nonsense) ....Insiders are the biggest holders & they will ALWAYS VOTE FOR THE R/S ....
Tho, there ARE exceptions, most ALL share prices go back down to same price anyway ....
Then, it's done ALL OVER AGAIN ....
More examples:
(WSHP - AMJY - TSAH - TLXX - SPWW - OMOG - OCUM - NBEU - MSMJ - MFLM - MCXL - JBMG - EVLO - ETTC - CISI - CCGI - (just to name a few)
Ian ....
It's not enuf for the SEC. (or anyone) to tell us, ''you know these pennies are riskey'' .....
Imho, if this practice is left to continue, I believe the pennies & pinks w/IMPLODE on themselves, and NO-ONE will want to invest ...
We need to get back to investing in 'start-up' co's that (maybe) will make it ....That's the ONLY CHANCE we should have to risk .... NOT their shady dealings ...If a co. HAS to be more 'beholding' to their shareholders, they will be more reluctant to start up in the 1st place ....
AGAIN .... OUTLAW ALL REVERSE SPLITS, PERIOD ...!!
...... and YES, for ALL exchanges ....
........... I thank you for listening ....!
Onebgg .... Know yer busy .. Jus-sayin-HI ...
Better not give Chewie too much to handle in a.m.
He'sameanoneMrgrinch ....
tee, hee....!!
Ian >>
On behalf of several other posters, I'm still hoping the subject of Reverse Splits is on your menu ....
Sooo-many happening lately w/symbol changes ....Sooo costly to the shareholders ....
Bottom-line 'Pure Theft' and s/b OUTLAWED ....
Once again, tnx, for listening ...!!
And I agree w/Susie ... Th-addition w/NOT approperate(?) ...
Wher'd the spellchecker go ....??
Just don't delete the blonde w/the pimple ....
tis your best-yet ....!!
Fung, I'm not done (admiring) the I-Box as it is ...
Move a hai_, er - pic & I'll see Matt abo. it...
NO side-by-sides ....!!
HARR ....!! ...Keep that one, Fung ...Good one ...
Tape being played on Al jazera(?) ...
It's being translated, now ... On ALL channels ....
How about that..? Bin Ladin calling for the overthrow of Saddam ...??
A/F .... I think it's about time ALL of us put a blitz-on to IAN, over on the (otc-fraud-board) to put BAN on Reverse Splits 1st on his agenda ....!!
Whoahhh...Now there's a thot ... tee, hee...!!
Just keep it as-it-is .... tho
as I-Hub gets larger & larger, keeping posters in check may prove too-much ...
and I would think you would prefer your talents in a more-productive area ....
Pretty good point, S/Fan ...
No arguement from me ....
PIHC News !!
Press ReleaseSource: PHC, Inc.
PHC, INC. Announces Record Fiscal Second Quarter Financial Results for 2003
Tuesday February 11, 8:31 am ET
PEABODY, Mass.--(BUSINESS WIRE)--Feb. 11, 2003--PHC, Inc.:
-- Quarterly Revenues Increased to $5,676,170 From $5,379,791
-- Quarterly Net Income Before Dividends of $113,375 Versus $7,861 in
ADVERTISEMENT
December 2001
-- 8th Consecutive Quarter of Positive Net Income
-- 1St 6 Months Revenue Increased to $11,647,557 From $10,994,029
-- 1St 6 Months Net Income Increased 66% to $667,145, or $.05/Share
From $401,491, or $.03 Per Share for the Same Year Ago Period
-- Shareholders' Equity Increased 168% to $1,651,608 From $615,985
PHC, Inc., d.b.a. Pioneer Behavioral Health (OTC Bulletin Board: PIHC - News), a leading provider of inpatient and outpatient behavioral health services, today announced record second quarter financial results for fiscal 2003, which ended on December 31, 2002.
Revenues for the quarter ended December 31, 2002 increased 6% to $5,676,170 versus $5,379,791 for the comparable prior year period. Income from operations increased 54% to $239,100 from $155,695 in the year ago period. Net income applicable to common shareholders for the three months increased substantially to $113,375 or $.01 per diluted share, from ($21,102), which included a dividend expense of $28,963 or $.00 per diluted share for the second quarter of fiscal 2002. Earnings for the current quarter are net of a $10,000 provision for taxes and are based on 14,667,728 diluted shares outstanding versus 9,684,687 diluted shares outstanding with no tax provision for the comparable prior year period.
Revenues for the six months ended December 31, 2002 also increased 6% to $11,647,557 versus $10,994,029 for the comparable prior year period. Income from operations increased 13% to $909,076 from $803,837 reported in the comparable year ago period. Income applicable to common shareholders for the six months increased 66% to $667,145, or $.05 per diluted share, from $401,491 or $.03 per diluted share in 2002. Earnings for the six months are net of a $10,000 provision for taxes and are based on 14,517,434 diluted shares outstanding versus 14,510,271 diluted shares outstanding with no tax provision for the comparable prior year period.
The balance sheet has continued to strengthen as the Company's current ratio reached 1.02 on December 31, 2002. Shareholder's equity increased 168%, or by over one million dollars to $1,651,608, up from $615,985 on June 30th. Further, liabilities decreased by nearly $500,000 to $7,986,498 from $8,857,630. Long-term debt was reduced by approximately 16% and stood at $2.03 million on December 31st.
The second fiscal quarter of 2003 was highlighted by two major changes in the Company's operations. The first occurred in November when PHC launched its Wellplace marketing initiative where the Company renamed its Pioneer Development and Support Services (PDS2) to Wellplace in order to build national brand identify for its full suite of services now being offered by the subsidiary. In December, PHC followed the Wellplace launch with the announcement that Lawrence B. Florin had been appointed Chief Executive Officer of its Pioneer Pharmaceutical Research Division. The company noted that Mr. Florin has 18 years of experience in the clinical research industry, and spent the last decade in senior level sales and operations positions with SCIREX and ACURIAN, where he helped to substantially increase sales at both companies by winning numerous Phase II, III and IV clinical trial development contracts with major pharmaceutical companies. Additionally, Mr. Florin has established extensive relationships throughout the industry, especially within the segments of the industry in which Pioneer Behavioral Health focuses.
Bruce A. Shear, Chairman and Chief Executive Officer commented, "We are extremely pleased to announce our 8th consecutive quarter of profitability. Our second fiscal quarter is typically our weakest seasonally and we are already off to a strong start in occupancy for the third quarter. We are encouraged by the positive feedback received from the marketplace for our new Wellplace marketing initiative, and believe this will have a long-term impact on our opportunities for new clients, which have operations across the country.
In addition, we are extremely pleased to have Mr. Florin join our senior management team. We believe that his direction and industry contacts will allow us to make considerable progress in growing the revenues in our clinical research division. The Company continues to explore new opportunities for both our core business and the smoking cessation businesses, where we have submitted proposals to several additional states. While the sales cycle appears to be longer than six months, our experience and performance with the Nebraska contract provides additional credibility. We believe that the increases in revenue, net income, and our overall balance sheet improvement are strong indicators of the Company's ability to grow and increase shareholder equity in a harsh economic environment."
PIHC News ....!!
Press ReleaseSource: PHC, Inc.
PHC, INC. Announces Record Fiscal Second Quarter Financial Results for 2003
Tuesday February 11, 8:31 am ET
PEABODY, Mass.--(BUSINESS WIRE)--Feb. 11, 2003--PHC, Inc.:
-- Quarterly Revenues Increased to $5,676,170 From $5,379,791
-- Quarterly Net Income Before Dividends of $113,375 Versus $7,861 in
ADVERTISEMENT
December 2001
-- 8th Consecutive Quarter of Positive Net Income
-- 1St 6 Months Revenue Increased to $11,647,557 From $10,994,029
-- 1St 6 Months Net Income Increased 66% to $667,145, or $.05/Share
From $401,491, or $.03 Per Share for the Same Year Ago Period
-- Shareholders' Equity Increased 168% to $1,651,608 From $615,985
PHC, Inc., d.b.a. Pioneer Behavioral Health (OTC Bulletin Board: PIHC - News), a leading provider of inpatient and outpatient behavioral health services, today announced record second quarter financial results for fiscal 2003, which ended on December 31, 2002.
Revenues for the quarter ended December 31, 2002 increased 6% to $5,676,170 versus $5,379,791 for the comparable prior year period. Income from operations increased 54% to $239,100 from $155,695 in the year ago period. Net income applicable to common shareholders for the three months increased substantially to $113,375 or $.01 per diluted share, from ($21,102), which included a dividend expense of $28,963 or $.00 per diluted share for the second quarter of fiscal 2002. Earnings for the current quarter are net of a $10,000 provision for taxes and are based on 14,667,728 diluted shares outstanding versus 9,684,687 diluted shares outstanding with no tax provision for the comparable prior year period.
Revenues for the six months ended December 31, 2002 also increased 6% to $11,647,557 versus $10,994,029 for the comparable prior year period. Income from operations increased 13% to $909,076 from $803,837 reported in the comparable year ago period. Income applicable to common shareholders for the six months increased 66% to $667,145, or $.05 per diluted share, from $401,491 or $.03 per diluted share in 2002. Earnings for the six months are net of a $10,000 provision for taxes and are based on 14,517,434 diluted shares outstanding versus 14,510,271 diluted shares outstanding with no tax provision for the comparable prior year period.
The balance sheet has continued to strengthen as the Company's current ratio reached 1.02 on December 31, 2002. Shareholder's equity increased 168%, or by over one million dollars to $1,651,608, up from $615,985 on June 30th. Further, liabilities decreased by nearly $500,000 to $7,986,498 from $8,857,630. Long-term debt was reduced by approximately 16% and stood at $2.03 million on December 31st.
The second fiscal quarter of 2003 was highlighted by two major changes in the Company's operations. The first occurred in November when PHC launched its Wellplace marketing initiative where the Company renamed its Pioneer Development and Support Services (PDS2) to Wellplace in order to build national brand identify for its full suite of services now being offered by the subsidiary. In December, PHC followed the Wellplace launch with the announcement that Lawrence B. Florin had been appointed Chief Executive Officer of its Pioneer Pharmaceutical Research Division. The company noted that Mr. Florin has 18 years of experience in the clinical research industry, and spent the last decade in senior level sales and operations positions with SCIREX and ACURIAN, where he helped to substantially increase sales at both companies by winning numerous Phase II, III and IV clinical trial development contracts with major pharmaceutical companies. Additionally, Mr. Florin has established extensive relationships throughout the industry, especially within the segments of the industry in which Pioneer Behavioral Health focuses.
Bruce A. Shear, Chairman and Chief Executive Officer commented, "We are extremely pleased to announce our 8th consecutive quarter of profitability. Our second fiscal quarter is typically our weakest seasonally and we are already off to a strong start in occupancy for the third quarter. We are encouraged by the positive feedback received from the marketplace for our new Wellplace marketing initiative, and believe this will have a long-term impact on our opportunities for new clients, which have operations across the country.
In addition, we are extremely pleased to have Mr. Florin join our senior management team. We believe that his direction and industry contacts will allow us to make considerable progress in growing the revenues in our clinical research division. The Company continues to explore new opportunities for both our core business and the smoking cessation businesses, where we have submitted proposals to several additional states. While the sales cycle appears to be longer than six months, our experience and performance with the Nebraska contract provides additional credibility. We believe that the increases in revenue, net income, and our overall balance sheet improvement are strong indicators of the Company's ability to grow and increase shareholder equity in a harsh economic environment."
Rick, I believe we will find that France & esp. Germany & Russia
Have Big oil contracts w/Iraq &
we just may see proof of technology & WMDs
stashed around, from their countries .....(and others) ....
These countries w/b there, tho to build em back up after the war .....BIG-TIME, just to restart receving the OIL ....!!
The Membermark-Ignore sounds
like a very good idea (as long ) as you could ONLY do it ONCE .....!!
VLVT News ....
Press ReleaseSource: Veltex Corporation
Veltex Corporation Added 10 Additional Trucks
Monday February 10, 9:08 am ET
DIAMOND BAR, Calif.--(BUSINESS WIRE)--Feb. 10, 2003--Veltex Corporation (OTCBB:VLVT - News) has just taken delivery of 10 additional International trucks in California which will add $200,000/mo. on top of its 30 truck fleet to generate $8,000,000/year. The trucks have been financed through International Finance Group. All 40 trucks are owned and leased by Veltex Corporation.
On Friday, February 7, 2003, Veltex Corporation (VLVT) terminated its relationship with Andy Friedel and MultiModal Transportation of Memphis, Tennessee, and has begun the process of moving Veltex Transportation's operations to Veltex Corporate Headquarters in Diamond Bar, California.
Veltex continues to enjoy an excellent business relationship with All Coast, the company that manages Veltex's trucking operations including Federal and State permits, registrations, insurance, fuel purchases and so on, through the All Coast agent in California. The California agent gives more revenue assurance rather than Memphis. Roger Brunetti, VP of Veltex Corporation said, "It will be more convenient for the management to monitor all operations from the trucking division from headquarters and more beneficial for the shareholders; this will eliminate unnecessary expenses due to traveling and monitoring at the Memphis location."
Veltex is currently hauling for Watkins, one of the largest trucking companies in the United States, which will generate more revenue than before.
Roger Brunetti also announced that Veltex Corporation had converted 20-million previously authorized but not issued shares of Preferred Stock into Common Stock bringing the total authorized Common shares to 70-million. There are no authorized Preferred shares. Issued and outstanding shares currently total 53-million.
"These additional shares of Common Stock will allow Veltex to take advantage of the high-value low-cost opportunities to grow the company that are available during recessionary times," said Brunetti. "Rather than issue Preferred Stock, we felt it was better for our shareholders to maintain the single class of equity and ownership rights. Our expansion program is still young and the extra shares will give us the boost we need to establish a firm position in our markets. We believe our shareholders will be delighted by the results of our future efforts in this direction."
Press ReleaseSource: Veltex Corporation
Veltex Corporation Added 10 Additional Trucks
Monday February 10, 9:08 am ET
DIAMOND BAR, Calif.--(BUSINESS WIRE)--Feb. 10, 2003--Veltex Corporation (OTCBB:VLVT - News) has just taken delivery of 10 additional International trucks in California which will add $200,000/mo. on top of its 30 truck fleet to generate $8,000,000/year. The trucks have been financed through International Finance Group. All 40 trucks are owned and leased by Veltex Corporation.
On Friday, February 7, 2003, Veltex Corporation (VLVT) terminated its relationship with Andy Friedel and MultiModal Transportation of Memphis, Tennessee, and has begun the process of moving Veltex Transportation's operations to Veltex Corporate Headquarters in Diamond Bar, California.
Veltex continues to enjoy an excellent business relationship with All Coast, the company that manages Veltex's trucking operations including Federal and State permits, registrations, insurance, fuel purchases and so on, through the All Coast agent in California. The California agent gives more revenue assurance rather than Memphis. Roger Brunetti, VP of Veltex Corporation said, "It will be more convenient for the management to monitor all operations from the trucking division from headquarters and more beneficial for the shareholders; this will eliminate unnecessary expenses due to traveling and monitoring at the Memphis location."
Veltex is currently hauling for Watkins, one of the largest trucking companies in the United States, which will generate more revenue than before.
Roger Brunetti also announced that Veltex Corporation had converted 20-million previously authorized but not issued shares of Preferred Stock into Common Stock bringing the total authorized Common shares to 70-million. There are no authorized Preferred shares. Issued and outstanding shares currently total 53-million.
"These additional shares of Common Stock will allow Veltex to take advantage of the high-value low-cost opportunities to grow the company that are available during recessionary times," said Brunetti. "Rather than issue Preferred Stock, we felt it was better for our shareholders to maintain the single class of equity and ownership rights. Our expansion program is still young and the extra shares will give us the boost we need to establish a firm position in our markets. We believe our shareholders will be delighted by the results of our future efforts in this direction."
quiet, so-far ..... rager ....g/m
George Phillips of Meridian Mississippi
was going up to bed when his wife told him that he'd left the light on in the garden shed, which she could see from the bedroom window.
George opened the back door to go turn off the light but saw that there were people in the shed stealing things.
He phoned the police, who asked
"Is someone in your house?" and he said no.
Then they said that all patrols were busy, and that he should simply lock his door and an officer would be along when available.
George said "Okay," hung up, counted to 30, and phoned the police again.
"Hello.
I just called you a few seconds ago because there were people in my shed.
Well, you don't have to worry about them now cause
I've just shot them all."
Then he hung up.
Within five minutes three police cars, an Armed Response unit, and an ambulance showed up at the Phillips residence.
Of course, the police caught the burglars red handed.
One of the policemen said to George:
"I thought you said that you'd shot them!"
George said,
"I thought you said there was nobody available!"
George Phillips of Meridian Mississippi
was going up to bed when his wife told him that he'd left the light on in the garden shed, which she could see from the bedroom window.
George opened the back door to go turn off the light but saw that there were people in the shed stealing things.
He phoned the police, who asked
"Is someone in your house?" and he said no.
Then they said that all patrols were busy, and that he should simply lock his door and an officer would be along when available.
George said "Okay," hung up, counted to 30, and phoned the police again.
"Hello.
I just called you a few seconds ago because there were people in my shed.
Well, you don't have to worry about them now cause I've just shot them all."
Then he hung up.
Within five minutes three police cars, an Armed Response unit, and an ambulance showed up at the Phillips residence.
Of course, the police caught the burglars red handed.
One of the policemen said to George:
"I thought you said that you'd shot them!"
George said,
"I thought you said there was nobody available!"