(( After 2 days of NO-posts ~ call 502~574~2111 )) >
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g/morn-n, K² >
w/b 74+ % here in Louisville toda ....
Coming your way .... !!
Good Afternoon, folks ... Can't we ALL just-get- along ..??
http://www.octanecreative.com/Parodyville/as_seen/caught.jpg
Amen to that, K² ...
Looks like complete devastation to palaces & govt buildings downtown Baghdad, BUT
the lights, water and electricity is still on for the people .... The Iraqi people know we mean no harm to them ....
Fox News .. !! . SHOCK & AWE Live to begin asap ..!!
HARRR ... !!
Live Cameras in tanks entering Iraq ... !!
......... th-NERVE ... !!
Thot the Bush regime wuz-sooo secretive ...
We just may hear a DimmoRat tell the Media to 'stop this nonsense' .... !!
GIGM -- Dow Jones Business News
GigaMedia Gets Buyout Offer From Management Group
Friday March 21, 7:16 am ET
NEW YORK (Dow Jones)--GigaMedia Ltd.'s board received a $1.20-a-share buyout offer for the company from a management group consisting of all seven senior officers.
The offer represents a 50% premium to GigaMedia's closing price Thursday of 80 cents on Nasdaq and values the company at $60.1 million, based on 50.1 million shares outstanding. GigaMedia's stock closed up 4 cents, or 5.3%, in Nasdaq trading.
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In a press release Friday, GigaMedia said the proposed management buyout would be implemented following a scheme of arrangement provided under Singapore law and is contingent upon certain conditions as specified in the offer letter, including the ability of the management team to secure funding.
The entertainment services provider's board has formed a special committee made up of three directors and Chairman Nelson Chang, to review the offer made by the management group.
A GigaMedia spokesman wasn't available early Friday to provide additional information about the management group and its reasons for initiating the buyout.
Earlier this month, the company cut its fourth-quarter guidance for its broadband business, citing weaker revenue and total subscriber figures. GigaMedia received a noncompliance letter from Nasdaq at the end of January after the company failed to meet the minimum bid price requirement.
Company Web site: http://www.giga.net.tw
-Lisa Reynolds; Dow Jones Newswires; 201-938-5400
GIGM - - 6:59AM GigaMedia receives $1.20 buyout bid from management group (GIGM) 0.80:
Co announces that its board of directors has received a formal offer from GigaMedia's management group, comprised of all seven senior officers of the company, to purchase all of the shares of the company for $1.20 per share.
Heey.. !! wuz you in on WEL ... ?? Tremendous move ...!!
G/M CHU .. !! Not Susie, but g/m ...
GIGM - - Press ReleaseSource: GigaMedia Limited
Management Group Offers to Purchase GigaMedia
Friday March 21, 5:54 am ET
TAIPEI, Taiwan, March 21 /PRNewswire-FirstCall/ -- GigaMedia Limited ("GigaMedia") (Nasdaq: GIGM, www.giga.net.tw), a diversified provider of online and offline entertainment services in Taiwan, today announced its board of directors has received a formal offer from GigaMedia's management group, comprised of all seven senior officers of the company, to purchase all of the shares of the company for $1.20 per share.
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The proposed management buy-out would be implemented pursuant to a scheme of arrangement as provided under Singapore law and is contingent upon certain conditions as specified in the offer letter, including the ability of the management team to secure funding. GigaMedia's board of directors has formed a special committee made up of three directors and Nelson Chang, chairman of GigaMedia, to review the offer made by GigaMedia management.
CHINA - - Press ReleaseSource: chinadotcom corporation
chinadotcom e-Solutions Arm Beats Targets with Hong Kong Arts Festival 2003
Friday March 21, 5:08 am ET
HONG KONG, March 21 /PRNewswire-FirstCall/ -- chinadotcom corporation (Nasdaq: CHINA; Website: www.corp.china.com ), the leading integrated enterprise solutions company in Asia, received positive results for its work on the 2003 Hong Kong Arts Festival websites. 2003 is the fifth consecutive year that its e-Solutions arm has worked with the Hong Kong Arts Festival, and this year online advance ticket bookings posted a 71% increase over the previous year.
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During the past five years, the Arts Festival website has won numerous awards from the Hong Kong Designers Association, the USA WebAwards, Internet World Asia, IDG Web Marketing Excellence and the 4A's Advertising Association.
For this year's festival, chinadotcom e-Solutions developed two websites -- The Hong Kong Arts Festival main site (http://www.hk.artsfestival.org ) and the Young Friends Scheme (http://www.hk.artsfestival.org/sitedesign/yfshome/yfshome.htm ), with the latter providing a fun, friendly way to engage the youth of tomorrow in the rich cultural heritage of the Arts Festival.
Using a palette of rich colors and animation, the user interface and site architectures of both sites were designed to attract users, to encourage them to explore, and to allow them to discover the multitude of events and artists being showcased at this year's event.
All of the key components of both sites, including the database, content management system (CMS), booking functionality and user interface, were developed by chinadotcom's e-Solutions unit. Since the roll-out of the sites, chinadotcom's e-Solutions arm has continued to innovate the online channels, developing email marketing newsletters, surveys, competitions and banner designs in order to drive traffic to the site and maximize their impact.
"We are proud to have been working with the Hong Kong Arts Festival over the past five years," said Herman Cheng, Managing Director of Ion Global, Greater China. "We view the project as our own effort to promote Hong Kong as a regional hub for arts and culture, and we are glad to see the work we have done has delivered such positive results."
"We have enjoyed a long-standing relationship with Ion Global," said Douglas Gautier, Executive Director of the Hong Kong Arts Festival. "Our website continues to be a key component of our marketing strategy, garnering both public support and industry-recognition. This year the Arts Festival reached an average of 90.44% capacity across all performances. We were pleased to see that online advance ticket bookings increased 71% over last year. We have also incorporated email marketing into many of our promotional activities, and so far this has received a strong, positive response."
The 2003 Hong Kong Arts Festival site can be found at www.hk.artsfestival.org .
TALL - - Press ReleaseSource: IVP Technology Corporation
IVP Technology Corporation Announces Seven Contracts For MDI Solutions Group
Thursday March 20, 4:01 pm ET
MDI Receives Signed Contracts for Mount Sinai Hospital, St. Joseph's Health Centre, York Central Hospital and Rouge Valley Health System,
TORONTO, March 20 /PRNewswire-FirstCall/ -- IVP Technology Corporation (OTC Bulletin Board: TALL - News) announced today that its MDI Solutions group, which provides medical data integration services in Canada and the United States, through IVP's wholly owned subsidiary Springboard Technology Solutions Inc., has received multiple contracts with four of the Toronto area's largest hospitals. These contracts are for a combination of time, material and retained consulting services and have an initial term ranging from six to twelve months with four automatically renewing for additional periods.
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The key health centres which are serviced by MDI under these contracts are Mount Sinai, a 462 bed hospital and critical care facility, located in downtown Toronto; St. Joseph's Health Centre, a 350 bed community service facility located in West Toronto; York Central Hospital, a 430 bed community hospital located in Toronto's North West region; and The Rouge Valley Health System, a two site 411 bed hospital health center, located in Toronto's Eastern region. The four health centers are amongst the ten largest hospitals in the Toronto area.
Kevin Birch, President of MDI Solutions and a Senior Vice President with IVP commented that " ... signing Mount Sinai, Rouge Valley, York Central and St. Joseph's to multiple contracts is a real vote of confidence in our MDI Solutions Group and in IVP's enterprise division as a whole. We estimate being able to provide services to these clients well into the future and to expand our role by offering additional products and services as their experience with us grows."
Brian MacDonald, President and CEO of IVP Technology reinforced the importance of the enterprise division's contributions to IVP by commenting that " ... the anticipated growth of the MDI Solutions Group and the enterprise division is expected to provide a rising level of recurring revenue to IVP and its shareholders. We anticipate that there will be continuing and substantial growth in the enterprise division in the future."
About MDI Solutions
MDI Solutions is a technology services and product group within Springboard Technology Solutions Inc. specializing in data integration and systems for the healthcare industry. Based in Toronto, MDI Solutions markets its own proprietary products and provides high quality, comprehensive, reliable, and cost effective integration services to various enterprises. MDI Solutions was founded in 1999 and in 2002 was established as an operating division of Springboard Technology Solutions Inc., a wholly owned subsidiary of IVP Technology Corporation (OTC Bulletin Board: TALL - News). Additional information about MDI Solutions is available at www.mdisolutions.com.
NBEU - - Press ReleaseSource: National Beauty Corp.
National Beauty Corp. Continues 'Aggressive' Expansion Plans
Thursday March 20, 1:00 pm ET
FT. LAUDERDALE, Fla., March 20 /PRNewswire-FirstCall/ -- National Beauty Corp. (OTC Bulletin Board: NBEU - News) Management announced today the Florida office of Hairmax Corporation, will begin the planned development of a Third location in South Florida. The company is presently in final review of a lease for this location, and it is expected the new store, would open in summer 2003, as first phase growth of a projected 8 store development plan for this area. Edward A. Roth, President, stated " We believe in our Hairmax concept, as well as the continued company expansion, while our company remains at war, our outlook for this Industry in our opinion is excellent"
Additional news include the planned annual directors meeting on April 16, 2003 in Las Vegas, Nevada, interested attendees are invited to contact the corporate office for exact time and location
ABOUT HAIRMAX CORPORATION:
HAIRMAX of Nevada Inc. and Hairmax of Florida Inc., are subsidiaries of National Beauty Corporation. The companies are in process of developing and building HAIRMAX concept, a provider of haircare services, offered to the public at discounted prices, in addition the company distributes the Hairmax brand of haircare products, sold exclusively at HAIRMAX locations in Florida and Nevada.
Edward A. Roth
President
(954) 717-8680x105
New Lawyer >>
After successfully passing the bar exam, Allan opened up his own law office.
One day he was sitting idly at his desk when his secretary announced that a Mr. Jones had arrived to see him.
"Show him in!" Allan exclaimed.
An idea popped into his head and he quickly picked up the phone as his secretary was returning with the man.
Allan shouted into the phone,
"...and you can tell them that we won't accept less than sixty thousand, and don't call me again until you agree to that amount!"
He slammed down the phone and stood up to greet his visitor.
"Good morning, Mr. Jones!
What can I do for you?"
"I'm from the phone company," Mr. Jones replied.
.................. "I'm here to connect your phone."
ITHH - - Press ReleaseSource: ITIS Holdings Inc.
ITIS Holdings Announces Progress Made by Subsidiaries Under New Business Plan
Thursday March 20, 8:01 am ET
HOUSTON--(BUSINESS WIRE)--March 20, 2003--ITIS Holdings Inc. (OTCBB:ITHH - News), announced today that its subsidiaries are continuing to strengthen under the Company's new business plan. "As our annual report is being prepared, we are looking forward to an outstanding 2003," said Hunter M.A. Carr, CEO.
"OnPoint Solutions has released its RightScript(TM) software for electronic prescriptions, and subsidiary PharmHouse Inc. is enjoying success with the updated technology," said PharmHouse President Don Sapaugh, who added, "as a result of opening our newest store in January, PharmHouse saw a significant increase in prescriptions in February. We believe these increases are due to the ease of use of the new software coupled with our dynamic new marketing plan, which will be driven by new PharmHouse COO Jim Courville." Courville, who has a strong pharmaceutical industry background, will be joining the Company in April. Sapaugh said he expects at least a ten percent increase in prescription volume each month during 2003.
"I am also excited about the litigation support business of subsidiary Litidex," said Carol Wilson, corporate secretary for ITIS and project coordinator of Litidex projects for Attorney John O'Quinn, her former employer, in the alleged stock manipulation cases. "Litidex is building better databases than I have seen in 30 years of working for trial lawyers," added Wilson, "and I believe it will make the difference when these cases go to trial."
GREAT NEWS . !! . Press ReleaseSource: ITIS Holdings Inc.
ITIS Litigation Support Client Wins Judgment
Wednesday March 19, 2:02 pm ET
HOUSTON--(BUSINESS WIRE)--March 19, 2003--ITIS Holdings Inc. (OTCBB:ITHH - News) today announced that a judgment on liability has been entered in the Superior Court of Fulton County, Georgia, against Mark Valentine, former Chairman of Thomas Kernaghan & Co. Ltd., in favor of ITIS litigation support client Hyperdynamics Corporation (OTCBB:HYPD - News). Litidex, a wholly owned subsidiary of ITIS, provides litigation support services in cases for John M. O'Quinn and Christian, Smith & Jewell, who represent Hyperdynamics and other companies involved in litigation concerning alleged stock manipulation and illegal naked short selling.
Litidex also has contracts for litigation support services in other stock manipulation cases currently in litigation, which include Eagle Tech Communications Inc. (EATC.PK), Nanopierce Technologies Inc. (OTCBB:NPCT - News), Endovasc Ltd. Inc. (OTCBB:ENVC - News), RTIN Holdings, Inc. (OTCBB:RTNH - News), and ATSI Communications Inc. (AI).
"Litidex continues to provide document management and litigation support work for alleged stock manipulation cases accepted by attorneys Wes Christian and John O'Quinn," said Chairman of ITIS Holdings Hunter Carr, who added, "We are continuing to build databases of all the documents. The companies that have contracted with Litidex are benefiting from nearly 20 years experience in providing automated litigation support services."
With the increase in awareness by companies that may have been the victims of alleged stock manipulation and naked short selling, ITIS Holdings has been asked to review 5 additional companies and many others have contacted the law firms. Mr. Carr states, "These are exciting and encouraging times for companies and shareholders alike. The recent inroads made by regulatory and law enforcement agencies are a positive sign for the market."
GREAT NEWS . !! . Press ReleaseSource: ITIS Holdings Inc.
ITIS Litigation Support Client Wins Judgment
Wednesday March 19, 2:02 pm ET
HOUSTON--(BUSINESS WIRE)--March 19, 2003--ITIS Holdings Inc. (OTCBB:ITHH - News) today announced that a judgment on liability has been entered in the Superior Court of Fulton County, Georgia, against Mark Valentine, former Chairman of Thomas Kernaghan & Co. Ltd., in favor of ITIS litigation support client Hyperdynamics Corporation (OTCBB:HYPD - News). Litidex, a wholly owned subsidiary of ITIS, provides litigation support services in cases for John M. O'Quinn and Christian, Smith & Jewell, who represent Hyperdynamics and other companies involved in litigation concerning alleged stock manipulation and illegal naked short selling.
Litidex also has contracts for litigation support services in other stock manipulation cases currently in litigation, which include Eagle Tech Communications Inc. (EATC.PK), Nanopierce Technologies Inc. (OTCBB:NPCT - News), Endovasc Ltd. Inc. (OTCBB:ENVC - News), RTIN Holdings, Inc. (OTCBB:RTNH - News), and ATSI Communications Inc. (AI).
"Litidex continues to provide document management and litigation support work for alleged stock manipulation cases accepted by attorneys Wes Christian and John O'Quinn," said Chairman of ITIS Holdings Hunter Carr, who added, "We are continuing to build databases of all the documents. The companies that have contracted with Litidex are benefiting from nearly 20 years experience in providing automated litigation support services."
With the increase in awareness by companies that may have been the victims of alleged stock manipulation and naked short selling, ITIS Holdings has been asked to review 5 additional companies and many others have contacted the law firms. Mr. Carr states, "These are exciting and encouraging times for companies and shareholders alike. The recent inroads made by regulatory and law enforcement agencies are a positive sign for the market."
DSLN - - PRICE RULE EXTENDED - Press ReleaseSource: DSL.net, Inc.
DSL.net Applauds Extension of Nasdaq's Minimum Bid Price Rule Compliance Periods
Wednesday March 19, 12:58 pm ET
NEW HAVEN, Conn.--(BUSINESS WIRE)--March 19, 2003--DSL.net, Inc. (NASDAQ: DSLN - News), a leading nationwide provider of broadband communications services to businesses, today commended the Nasdaq on its decision to extend the market's minimum bid price rule compliance periods by 90 days.
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The 90-day extension is part of the Nasdaq's previously announced plan to extend the grace period. The new rule means DSL.net now has until July 13, 2003, to maintain a closing price of at least $1.00 per share for a minimum of 10 consecutive trading days to continue its common stock listing on the Nasdaq SmallCap Market. The Nasdaq also indicated earlier this year its intention to further extend the bid price grace period - subject to review and approval by the Securities and Exchange Commission.
"We applaud Nasdaq for implementing this immediate 90-day extension and its willingness to further extend the grace period," said David F. Struwas, chairman and chief executive officer of DSL.net. "We believe that this extension will enhance the Company's ability to regain compliance with Nasdaq's minimum bid price rules."
DSLN - - PRICE RULE EXTENDED - Press ReleaseSource: DSL.net, Inc.
DSL.net Applauds Extension of Nasdaq's Minimum Bid Price Rule Compliance Periods
Wednesday March 19, 12:58 pm ET
NEW HAVEN, Conn.--(BUSINESS WIRE)--March 19, 2003--DSL.net, Inc. (NASDAQ: DSLN - News), a leading nationwide provider of broadband communications services to businesses, today commended the Nasdaq on its decision to extend the market's minimum bid price rule compliance periods by 90 days.
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The 90-day extension is part of the Nasdaq's previously announced plan to extend the grace period. The new rule means DSL.net now has until July 13, 2003, to maintain a closing price of at least $1.00 per share for a minimum of 10 consecutive trading days to continue its common stock listing on the Nasdaq SmallCap Market. The Nasdaq also indicated earlier this year its intention to further extend the bid price grace period - subject to review and approval by the Securities and Exchange Commission.
"We applaud Nasdaq for implementing this immediate 90-day extension and its willingness to further extend the grace period," said David F. Struwas, chairman and chief executive officer of DSL.net. "We believe that this extension will enhance the Company's ability to regain compliance with Nasdaq's minimum bid price rules."
KAHI - - Press ReleaseSource: Kaire Holdings, Inc.
Kaire Holdings, Inc. Announces Strategic Acquisition
Wednesday March 19, 12:21 pm ET
LOS ANGELES, CA--(INTERNET WIRE)--Mar 19, 2003 -- Kaire Holdings, Inc. (OTC BB: KAHI), announced today that it has acquired EntreMetrix, Inc.
Based in Irvine, California, EntreMetrix, Inc. is a national provider of administrative, employer, and financial support services to medical, life science and technology companies throughout the country. In addition, EntreMetrix provides specialized outsourced Human Relations and Financial services for health care recruiters and a diverse range of health service providers.
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KAIRE acquired EntreMetrix through a combination of restricted common stock valued at $490,000, and a $2,500,000 promissory note, which is due and payable, including 4% annual interest, in 4 years. EntreMetrix began operations in June 2002. Since that time, revenues have grown consistently month over month exceeding $675,000 in January 2003. Physical 2003 revenues are projected to exceed $20 million. The company utilized one of its wholly owned subsidiaries in the acquisition.
Kaire CEO Steven Westlund stated, "This acquisition reflects the company's evolving business strategy to develop programs and services which benefit current operations and create future opportunities. This acquisition accomplishes both of those goals. In addition, the acquisition opens the door to a network of health care business clients and services. We view EntreMetrix as the cornerstone of our evolving business strategy."
Scott W. Absher, with NeoTactix, commented on the transaction, saying, "We believe that the combined business platforms of Kaire and EntreMetrix will allow us to capitalize on the present health care staffing opportunity in the health care sector. EntreMetrix provides essential support and financial services to the health care market place."
Dang ... !! ... and I
'just' now found this board ....
PRVH News >> Providential Shares to be Trading on the Berlin Stock Exchange on March 21, 2003
FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)--March 19, 2003--Providential Holdings, Inc. (OTCBB:PRVH) (www.phiglobal.com) today announces that the Company's application for a listing has been approved and trading will commence on March 21, 2003, under the symbol "PR7" and the German security number (WKN) 935160, on the Unofficial Regulated Market of the Berlin Stock Exchange where well-known companies such as AT&T (NYSE:T), Boeing (NYSE:BA), Inc. and Eastman Kodak, Inc. (NYSE:EK) are also listed.
"Given the global nature of the financial markets and the worldwide appeal of the products we market, we believe a listing on the dynamic Berlin exchange is an appropriate component of our outreach to investors and subscribers," said Henry Fahman, Chairman and CEO of Providential. "By listing on the Berlin Exchange we now offer European investors the opportunity to invest in and to trade the Company's shares alongside our market on the OTCBB."
Providential's shares are listed on the Berlin Exchange in response to demand in the European investment community and to enable the Company to garner new interest for its products and technologies.
"With this new listing the Company is expanding access of its shares to all European investors, both institutional and retail. We are pleased to have passed the Berlin Exchange's admission requirements," added Henry Fahman.
In California, 50 women protested the impending war with Iraq by lying on the ground naked and spelling out the word 'peace.' Right idea, wrong president.
-- Jay Leno
You're very welcome, Tim ...
GZMO - - Press ReleaseSource: Genzyme Molecular Oncology
Genzyme Molecular Oncology Receives Patent Covering Novel Peptide Corresponding to HER-2
Tuesday March 18, 9:33 am ET
FRAMINGHAM, Mass., March 18 /PRNewswire-FirstCall/ -- Genzyme Molecular Oncology (Nasdaq: GZMO - News) today announced that the U.S. Patent Office has issued Patent No. 6,528,060 covering a novel peptide with potential application in the treatment of breast and ovarian cancers.
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The discovery was made by Charles Nicolette, Ph.D., director of antigen discovery for Genzyme Molecular Oncology, using the patented SPHERE(TM) (Solid PHase Epitope REcovery) screening technology.
"This novel peptide is significant because it could provide the basis for an active immunotherapy that uses T-cells to attack and destroy cancer cells that overexpress the HER-2 antigen," stated Gail Maderis, president of Genzyme Molecular Oncology. "The clinical utility of HER-2 as a molecular target is already demonstrated."
A passive immunotherapy approach that uses an antibody against HER-2 is on the market for the treatment of certain patients with metastatic breast cancer.
The peptide was discovered by Genzyme Molecular Oncology after an uncharacterized T-cell clone was isolated from an ovarian tumor and run through the SPHERE screen where approximately 50 million peptides were screened for those that could potently activate the clone. These SPHERE peptides have been shown in preclinical experiments to be one thousand to one million times more active than native peptides in stimulating human T-cells in vitro. This could provide great opportunity in drug development and, ultimately, commercialization of a patient treatment.
"We have found that this class of peptides can trigger a more powerful immune response in vitro than the native antigen," stated Nicolette. "This discovery provides for the potential development of a cancer vaccine directed at the HER-2 antigen, known to be an important tumor antigen in multiple cancer indications."
The patent covers the peptide's amino acid sequence. A continuation application also has been filed to pursue additional claims.
About SPHERE
SPHERE is a rapid method of identifying antigens. Those identified from tumor cells could allow for the creation of therapeutic cancer vaccines to help overcome the body's self-tolerance to certain cancers.
SPHERE serves as a cornerstone of Genzyme Molecular Oncology's antigen discovery program. It has been used effectively to test cancer-specific
T-cells against nearly 50 million synthetic protein fragments, or peptides, to identify and select those that respond most notably and can be targeted for clinical vaccine development. Genzyme Molecular Oncology is completing preclinical work on a cancer vaccine approach in melanoma that would use powerful peptides identified by the SPHERE technology.
SOON, we'll start seeing those familiar (I'm ALIVE & doin well) videos of Saddam ....
ZKEM - - Press ReleaseSource: chinadotcom corporation
chinadotcom Unit Signs a Definitive Agreement to Acquire a Profitable And Leading Mobile Application Developer in China
Tuesday March 18, 8:03 am ET
Earnings Accretive Acquisition Brings High Margins and Recurrent Revenues from China's Rapid Growth SMS Market
HONG KONG, March 18 /PRNewswire-FirstCall/ -- chinadotcom corporation (Nasdaq: CHINA - News; Website: www.corp.china.com ), the leading integrated enterprise solutions company in Asia, today announced that hongkong.com Corporation, its 81%-owned subsidiary and Hong Kong GEM (Growth Enterprise Market) board-listed company, has signed a definitive agreement to acquire a 100% stake in the holding company of Newpalm (China) Information Technology Co., Ltd. ("Newpalm"), a leading mobile software platform developer and application service provider in China, for a first installment of US$14 million in cash and the rest on an earn-out basis over the next two years. While it has had a relatively short operating history, Newpalm is a rapidly growing, profitable company with projected annual sales of US$12 million for 2003.
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Newpalm has direct connections in 22 provinces with local network operators with a strong presence in Shandong, Zhejiang and Jiangsu Provinces and service coverage throughout China. Newpalm has six offices across the country with a total sales and customer support force of around 100 professionals. Since its entry into the SMS business, it has built a substantial base of 2.8 million paying subscribers in China with a current growth rate of over 40% per quarter. It is viewed as one of the top mobile software platform developers and mobile application services providers such as SMS applications, in terms of subscriber base and revenue size.
Newpalm has principally developed its own intellectual property of mobile applications and products compatible with GSM and CDMA networks based on an open-architecture technology platform that supports SMS (Short Message Service) and MMS (Multi-Media Message Service) and allows rapid capacity expansion. This platform is network-independent, and is connected to both major mobile telecom operators, China Mobile Communications Corporation (CMCC) and China Unicom. Earlier versions of this mobile application platform have been used by China Unicom in Fujian. In addition, Newpalm runs two R&D (Research and Development) centers, in Beijing and Nanjing, with over 40 professional application developers.
"This is our first major move to participate in the fast growing mobile data business in China and provides synergies with hongkong.com's existing business in SMS and the planned rollout of online games," said Rudy Chan, Chief Executive Officer of hongkong.com Corporation. "The SMS business in China has shown significant growth over the past year. Leveraging our online capabilities, this acquisition will add 2.8 million paying subscribers and will bring additional wireless and non-advertising revenue. In addition, it is expected to expand and accelerate our planned product offerings of online games and SMS-related content."
Mobile phone users have been growing rapidly in the China market. China's MII (Ministry of Information Industry) survey indicates that in 2002, mobile users in China reached 200 million. SMS has also been experiencing exponential growth in China. According to a report by Pyramid Research, total SMS revenues in China in 2002 were around US$750 million and are expected to reach US$16 billion by 2007, generating greater comparable revenues than all of Western Europe.
John Xiao, Chief Executive Officer of Newpalm (China) Technology Co., Ltd., said, "The mobile data service market is one of the fastest growing sectors in China. Our proven track record in this market sector and our state-of-the-art development platform, coupled with chinadotcom's strong financial position and online capability, I believe will further strengthen our market position and increase our market share in this growing market."
"This acquisition fits well into our investment criteria as Newpalm is profitable and offers additional, high-margin, recurrent revenue streams," said Daniel Widdicombe, Chief Financial Officer of chinadotcom corporation. "The sophisticated and advanced mobile application platform developed by Newpalm should help our subsidiary, hongkong.com, build a scalable business in China's rapid growth mobile data market."
The impact of this acquisition on chinadotcom's 2003 results will depend on the timing of its closing. chinadotcom expects for this to occur in April 2003 although it cannot make any assurance that the transaction will close at such time or, since the transaction is subject to customary closing conditions, for it to be consummated should those conditions not occur.
IMHO ... You can go ahead & do that NOW ...!!
CHINA - - Press ReleaseSource: chinadotcom corporation
chinadotcom Unit Signs a Definitive Agreement to Acquire a Profitable And Leading Mobile Application Developer in China
Tuesday March 18, 8:03 am ET
Earnings Accretive Acquisition Brings High Margins and Recurrent Revenues from China's Rapid Growth SMS Market
HONG KONG, March 18 /PRNewswire-FirstCall/ -- chinadotcom corporation (Nasdaq: CHINA - News; Website: www.corp.china.com ), the leading integrated enterprise solutions company in Asia, today announced that hongkong.com Corporation, its 81%-owned subsidiary and Hong Kong GEM (Growth Enterprise Market) board-listed company, has signed a definitive agreement to acquire a 100% stake in the holding company of Newpalm (China) Information Technology Co., Ltd. ("Newpalm"), a leading mobile software platform developer and application service provider in China, for a first installment of US$14 million in cash and the rest on an earn-out basis over the next two years. While it has had a relatively short operating history, Newpalm is a rapidly growing, profitable company with projected annual sales of US$12 million for 2003.
ADVERTISEMENT
Newpalm has direct connections in 22 provinces with local network operators with a strong presence in Shandong, Zhejiang and Jiangsu Provinces and service coverage throughout China. Newpalm has six offices across the country with a total sales and customer support force of around 100 professionals. Since its entry into the SMS business, it has built a substantial base of 2.8 million paying subscribers in China with a current growth rate of over 40% per quarter. It is viewed as one of the top mobile software platform developers and mobile application services providers such as SMS applications, in terms of subscriber base and revenue size.
Newpalm has principally developed its own intellectual property of mobile applications and products compatible with GSM and CDMA networks based on an open-architecture technology platform that supports SMS (Short Message Service) and MMS (Multi-Media Message Service) and allows rapid capacity expansion. This platform is network-independent, and is connected to both major mobile telecom operators, China Mobile Communications Corporation (CMCC) and China Unicom. Earlier versions of this mobile application platform have been used by China Unicom in Fujian. In addition, Newpalm runs two R&D (Research and Development) centers, in Beijing and Nanjing, with over 40 professional application developers.
"This is our first major move to participate in the fast growing mobile data business in China and provides synergies with hongkong.com's existing business in SMS and the planned rollout of online games," said Rudy Chan, Chief Executive Officer of hongkong.com Corporation. "The SMS business in China has shown significant growth over the past year. Leveraging our online capabilities, this acquisition will add 2.8 million paying subscribers and will bring additional wireless and non-advertising revenue. In addition, it is expected to expand and accelerate our planned product offerings of online games and SMS-related content."
Mobile phone users have been growing rapidly in the China market. China's MII (Ministry of Information Industry) survey indicates that in 2002, mobile users in China reached 200 million. SMS has also been experiencing exponential growth in China. According to a report by Pyramid Research, total SMS revenues in China in 2002 were around US$750 million and are expected to reach US$16 billion by 2007, generating greater comparable revenues than all of Western Europe.
John Xiao, Chief Executive Officer of Newpalm (China) Technology Co., Ltd., said, "The mobile data service market is one of the fastest growing sectors in China. Our proven track record in this market sector and our state-of-the-art development platform, coupled with chinadotcom's strong financial position and online capability, I believe will further strengthen our market position and increase our market share in this growing market."
"This acquisition fits well into our investment criteria as Newpalm is profitable and offers additional, high-margin, recurrent revenue streams," said Daniel Widdicombe, Chief Financial Officer of chinadotcom corporation. "The sophisticated and advanced mobile application platform developed by Newpalm should help our subsidiary, hongkong.com, build a scalable business in China's rapid growth mobile data market."
The impact of this acquisition on chinadotcom's 2003 results will depend on the timing of its closing. chinadotcom expects for this to occur in April 2003 although it cannot make any assurance that the transaction will close at such time or, since the transaction is subject to customary closing conditions, for it to be consummated should those conditions not occur.
aarrgghhhh ... Need coffee ... !!
My bad ... ED .. Thot you just said UUUDay ... tee, hee. !!
Fox News .... ED you can NOW add Saddam to that rejection ....
FIXN - - Press ReleaseSource: Famous Fixins, Inc.
Warning Models starts Campaign Season With Revlon
Tuesday March 18, 7:31 am ET
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--March 18, 2003--Lin Lu, Warning Model Managements' new South African Supermodel starts the season starring in Revlon's summer lip stick campaign booked thru Warning. Lin Lu signed with Warning Models just over 6 months ago and joins Super Models Tatiana Patiz, Alesandra Ambrosi (star of Victoria Secrets) and Guess' new campaign star Roxana. The men's board is just as strong featuring Michael Asange (Versace) Adam Senn (Gucci) Bruno Santos (Emporio Armani, Versace) and RJ (Hugo Boss, Burberry), all leading to what figures to be a successful campaign season.
"This season is shaping up to be one of our best as we have a great combination of both new and experienced talent," according to Steve Chamberlin, Warning Model's President and Chief Executive Officer.
About Warning Model Management, LLC
Warning Model Management, LLC was established in September 1998 and is a large modeling agency, providing high-quality fashion oriented models and related services to both the fashion industry as well as retailing and advertising sectors. Warning Model Management is located in Beverly Hills, California and provides modeling services worldwide.
About Famous Fixins, Inc.
On December 31, 2002, Famous Fixins, Inc. (OTCBB:FIXN - News) was acquired by Warning Model Management, LLC through a reverse merger of FIXN Acquisition Sub, Inc., a subsidiary of FIXN.
Prior to this time, until May 15, 2002, the Company was a promoter and marketer of celebrity licensed consumer products for sale in supermarkets, other retailers and over the Internet. The Company developed, marketed and sold licensed consumer products based on the diverse professional, cultural and ethnic backgrounds of various celebrities. The Company entered into licensing agreements with high profile celebrities and created consumer products which included various product lines consisting of salad dressings, candy products, cosmetic products, adhesive bandages and other novelty products endorsed by the licensors. The Company sold directly to customers and also utilized a network of consumer products brokers to distribute its products throughout the United States and Canada. Third party manufacturers produced the Company's various consumer products. On May 15, 2002, the Company completed a divestiture of all of its operations and sale of substantially all of its assets and assumption of certain specified liabilities by Starbrand, LLC under a "Settlement of Debts and Asset Purchase Agreement". After the divestiture of operations, the Company's activities consisted of seeking additional financing and/or capital and acquiring a new business until December 31, 2001.
Press ReleaseSource: ITIS Holdings Inc.
ITIS Holdings Inc. Lauds SEC Amendment Strengthening Rule on Delivery of Stock
Tuesday March 18, 7:00 am ET
HOUSTON--(BUSINESS WIRE)--March 18, 2003--Hunter Carr, chairman & CEO of ITIS Holdings Inc. (OTCBB:ITHH - News), today announced the Company's support of the SEC Amendment to the Collateral Requirements in Rule 15c3-3, which requires broker-dealers to provide full collateral when borrowing fully paid and excess margin securities from customers (http://www.sec.gov/news/digest/dig031103.txt).
"This and other recent SEC actions are encouraging news for both companies and investors who have been victims of various market manipulation schemes, as has ITIS Holdings Inc.," said Carr.
Carr said he views recent announcements by the SEC as an indication the Agency is responding to complaints of questionable practices by expanding its probe of suspicious short-selling trading activities to include market makers and broker dealers participating in suspect transactions. One such announcement was the imposition of a $1 million fine against Rhino Advisors and its president, who were accused of manipulating short sales in stock of Sedona Corp. (http://www.sec.gov/news/press/2003-26.htm).
In a related matter, the Securities Industry Association (SIA) on Monday expressed its support for the Depository Trust Co.'s (DTC) recent decision that shareholders, not companies, should decide if shares are to be held in electronic form or in paper certificates. In January 2003, ITIS Holdings Inc. rescinded its request to exit the DTC, citing a desire not "to cause its loyal stockholders any hardship." Commenting on the situation, Mr. Carr said, "If the Canadian Depository System (CDS) would require deliverance, those with naked shorts would be forced to buy shares to cover. We are excited about the news and the changes taking place in the regulatory area."
ITHH - - Press ReleaseSource: ITIS Holdings Inc.
ITIS Holdings Inc. Lauds SEC Amendment Strengthening Rule on Delivery of Stock
Tuesday March 18, 7:00 am ET
HOUSTON--(BUSINESS WIRE)--March 18, 2003--Hunter Carr, chairman & CEO of ITIS Holdings Inc. (OTCBB:ITHH - News), today announced the Company's support of the SEC Amendment to the Collateral Requirements in Rule 15c3-3, which requires broker-dealers to provide full collateral when borrowing fully paid and excess margin securities from customers (http://www.sec.gov/news/digest/dig031103.txt).
"This and other recent SEC actions are encouraging news for both companies and investors who have been victims of various market manipulation schemes, as has ITIS Holdings Inc.," said Carr.
Carr said he views recent announcements by the SEC as an indication the Agency is responding to complaints of questionable practices by expanding its probe of suspicious short-selling trading activities to include market makers and broker dealers participating in suspect transactions. One such announcement was the imposition of a $1 million fine against Rhino Advisors and its president, who were accused of manipulating short sales in stock of Sedona Corp. (http://www.sec.gov/news/press/2003-26.htm).
In a related matter, the Securities Industry Association (SIA) on Monday expressed its support for the Depository Trust Co.'s (DTC) recent decision that shareholders, not companies, should decide if shares are to be held in electronic form or in paper certificates. In January 2003, ITIS Holdings Inc. rescinded its request to exit the DTC, citing a desire not "to cause its loyal stockholders any hardship." Commenting on the situation, Mr. Carr said, "If the Canadian Depository System (CDS) would require deliverance, those with naked shorts would be forced to buy shares to cover. We are excited about the news and the changes taking place in the regulatory area."
Capt ... You are a breath of ''fres-air'' here ..
Keep UP the good work .... !!
Thank you, Tate ...
.. (?) for the board ....
I am slowly forming an opinion that Elizabeth Smart was NOT as resistant as some may think ..
1. Abducted in relatively-safe neighborhood ...(lighted) ..
2. Abducted while ALL family members were @ home & her sister in next-bed ....
3. If rumors hold true, she was married (or forced) to that very night ...
4. Seen in public several times & photographed & never used the opportunity to escape ...
5. Used to a real-nice lifestyle & went to sleeping in tents & eating @ homeless shelters ....(hard to do) ...
6. When interrogated by police, she still insisted she was another person ... Even when the man(abductor) w/handcuffed..
7. Turned 15 yrs. old while in captivity ... (not exactly a child) ... (I can remember a 14 yr-old, teaching me a thing or two) ....
8. Parents may be a lil' niave ...
9. Heard calls from scouters looking for her from her tent, where she stayed ...
10. INHO she w/turn-up pregnant & family will silently take care of that ....
...................... 11. Your thots ... ???