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Boeing, Airbus Risk 30% Production Cuts After Defying Slowdown
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By Andrea Rothman and Susanna Ray
Oct. 5 (Bloomberg) -- Airbus SAS and Boeing Co. will together build a record number of jets this year, defying the recession and slowdown in travel. They face a reckoning in 2010.
The world’s two biggest planemakers may have to cut production of their narrow-body models by as much as 30 percent by 2011, according to a Bloomberg survey of 15 aerospace analysts and consultants. Boeing’s 737 and Airbus’s A320 contribute the majority of sales. Airbus, which trailed Boeing in deliveries until 2003, has only cut output once before.
The manufacturers rely on single-aisle jets as their cash cows to fund other projects, including the Boeing 787 Dreamliner that’s more than two years behind schedule. Production cuts ripple through an industry of hundreds of suppliers, whose landing gear, seats and doors are fitted to the jets that have a list price of about $70 million and take almost a year to build.
“We’re moving ever closer to the rendezvous with reality,” said Chris Tarry, a London-based independent aviation analyst who has followed the industry for more than 20 years. “The reality is, there’s too much capacity.”
Boeing, which dominated the industry for decades, is more accustomed to adjusting production and has scaled back output by as much as a third in previous recessions. Airbus, with only 20 percent of the market at the start of the 1990s, avoided cuts and merely slowed down its production increases. European labor laws also make it harder for Airbus to cut jobs in a decline.
Trimming Production
One third of the participants in the Bloomberg survey predicted a production drop of at least another 9 percent in A320 output to 31 a month by 2011. Four respondents said Boeing will have to scale back by at least 10 percent to 28 737s a month in the same timeframe. The survey was conducted on Sept. 29 and 30 and included participants from Europe and the U.S., who predicted a range from no cuts to a 30 percent output drop.
The planemakers still have order backlogs to carry them through the next seven years at current rates, after they limited production increases even as record orders were placed between 2005 and 2007, as they sought to smooth out demand swings.
“We have a weekly process that goes through every airplane in the skyline,” and the production plan “still feels good,” Boeing Chief Executive Officer Jim McNerney, 60, said at a Morgan Stanley conference in New York Sept. 2. His counterpart at Airbus parent European Aeronautic Defence & Space Co., Louis Gallois, 65, told journalists at a press meeting in Paris Sept. 28 that the coming winter will be “critical.”
Scaling Back
Airbus spokesman Stefan Schaffrath said the company has no immediate plan to cut production further, after February’s decision to trim monthly rates on A320s to 34 from 36 by this month, the first time ever it cut output. Chicago-based Boeing, which makes 31 737s a month, also hasn’t yet seen a need to change its rate, said spokesman Jim Proulx. The company is scaling back output of the twin-aisle 777 next year.
The two manufacturers each control about half of the single-aisle market, which encompasses commercial planes seating 110 to 180 passengers. They’re slated to hand over at least 970 new aircraft this year, including twin-aisles, beating the previous combined record of 914 set in 1999. The increase is attributable predominantly to Airbus’s growth.
Cutting production by three planes a month would hit cash flow and profit by $300 million to $400 million at both Airbus and Boeing, said Carter Copeland, an aerospace analyst at Barclays Capital in New York.
Charges
Boeing took a charge of $2.5 billion on its 787 Dreamliner program for the third quarter and will have to pay penalties to waiting airlines. The Chicago-based company ended 2008 with $4.4 billion in cash, half the level from a year earlier as a two- month machinist strike delayed deliveries.
Airbus needs cash to develop its A350, slated for 2013. The Toulouse, France-based company is also burning 100 million euros ($140 million) a month on its A400M military transporter. Its 525-seat A380 is generating less cash after deliveries dropped.
While Airbus has its final assembly plants in Toulouse and Hamburg, the major pieces of the A320 -- wings, fuselage, tail, and cockpit -- are built in Airbus’s European plants in the U.K., Germany, Spain, and France. The 737’s fuselage is built in Kansas and sent by train for final assembly at Boeing’s plant in the Seattle suburb of Renton.
The lead time of as much as a year may force Airbus and Boeing to announce changes by the end of 2009 in order to give suppliers the opportunity to adapt their own output.
‘About Time’
“If you wanted to cut in the back half of 2010, it’s about the time to do it,” Barclays Capital’s Copeland said.
The cuts would contrast with each company’s ability to maintain production levels this year by juggling delivery slots, persuading some carriers to take planes earlier than planned.
Still, pulling forward some deliveries into this year and next may turn out to have come at the expense of the schedule for 2011 and 2012, said Rob Stallard, an analyst with Macquarie Capital Inc. in New York. He says Boeing won’t need to cut in 2010, before dropping to 28 737s a month in 2011, while Airbus will scale back to 31 A320s a month next year.
In past cycles, aircraft lessors often swooped in on deferred orders to make bargains. The industry may lack that escape route this time as International Lease Finance Corp., the world’s biggest lessor, seeks a buyer, and CIT Group, the third- largest aircraft financer, works to avoid bankruptcy.
Orders at Risk?
Global airline traffic in 2009 declined 6 percent from year-ago levels through August, with average fares down 20 percent. Airlines face combined losses of $11 billion this year, the International Air Transport Association predicts. The fallout is reverberating across the industry, with companies deferring orders or considering doing so in future.
Ryanair Holdings Plc, the biggest customer for Boeing’s 737 in Europe, said Oct. 2 that it may suspend expansion starting in 2012. The Irish low-cost airline’s 113 firm unfilled orders account for 5 percent of the 737 backlog, Morgan Stanley analyst Heidi Wood estimates, putting pressure on production rates.
AirAsia Bhd., Airbus’s largest Asian customer for A320s, has slashed planned 2010 deliveries by 8 planes to 16 because, and Chief Executive Tony Fernandes said Sept. 24 said that “chances are high” the airline will also cut to 16 planes from the original 24 in 2011.
“It’s going to be an extremely tough winter for airlines,” said Richard Aboulafia, vice president at Fairfax, Virginia-based Teal Group, an aerospace research group. “Airlines already sold everything that’s not nailed down to raise cash.”
To contact the reporters responsible for this story: Andrea Rothman in Toulouse, France, at aerothman@bloomberg.net; Susanna Ray in Seattle at sray7@bloomberg.net.
Last Updated: October 4, 2009 19:01 EDT
Standard Chartered Hires Equity Executives for Asian Expansion
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By Darren Boey
Oct. 5 (Bloomberg) -- Standard Chartered Plc, the London- based bank that makes most of its money in emerging markets, added executives in equity sales and research to its expanding Asian operations.
Tim Andrew and David Murray, formerly of Deutsche Bank, will join Standard Chartered as global head of cash equities and global head of equities research respectively, according to an internal memo obtained by Bloomberg News on Oct. 2.
The appointments are the latest step in the lender’s plans to bolster its Asian operations. The bank completed the acquisition of Cazenove Asia Ltd. from JPMorgan Cazenove Ltd. in January to help it build an equity capital markets and institutional brokerage business.
“Having now got the figureheads, Standard Chartered can now build the platform,” said Andrew Sullivan, a sales trader at Mainfirst Securities Hong Kong Ltd. “They know the research side of the business very well. Having worked at Deutsche, they’ve obviously got a very good pedigree.”
Andrew and Murray will be based in Hong Kong and take their positions from Dec. 21, the memo said. Andrew was previously head of Asia Pacific equities and fixed income at Deutsche Bank, while Murray was the German lender’s head of Asia Pacific company research.
Some of the proceeds of a 1.02 billion-pound ($1.6 billion) share sale announced in August will help Standard Chartered’s Asian expansion. The same month, the bank said it plans to hire about 850 relationship managers in Asia for a unit targeting wealthy individuals.
Andrew joins after 15 years with Deutsche Bank and will be responsible for sales, sales trading and dealing for Standard Chartered’s cash equities business, the memo said. Murray worked at Deutsche Bank for 14 years.
Standard Chartered have “eventually managed to find someone to run their research,” said Sullivan, former head of Asian sales trading at Daiwa Securities SMBC Co. in Hong Kong. “They’ve been interviewing for some time. The fact they’ve got somebody to do it is a good thing.”
To contact the reporter on this story: Darren Boey in Hong Kong at dboey@bloomberg.net.
Last Updated: October 4, 2009 12:01 EDT
Roubini Says Stocks Have Risen ‘Too Much, Too Soon, Too Fast’
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By Shamim Adam and Francine Lacqua
Oct. 5 (Bloomberg) -- New York University Professor Nouriel Roubini, who accurately predicted the financial crisis, said stock and commodity markets may drop in coming months as the gradual pace of the economic recovery disappoints investors.
“Markets have gone up too much, too soon, too fast,” Roubini said in an interview in Istanbul on Oct. 3. “I see the risk of a correction, especially when the markets now realize that the recovery is not rapid and V-shaped, but more like U- shaped. That might be in the fourth quarter or the first quarter of next year.”
Stocks have surged around the world in the past six months as evidence mounts that the economy is emerging from its deepest recession since the 1930s. The Standard & Poor’s 500 Index has soared 51 percent from a 12-year low in March while Europe’s Dow Jones Stoxx 600 is up 48 percent. The euphoria contrasts with the cautious tone of Group of Seven policy makers, who said after meeting in Istanbul over the weekend that prospects for growth “remain fragile.”
“The real economy is barely recovering while markets are going this way,” Roubini said. If growth doesn’t rebound rapidly, “eventually markets are going to flatten out and correct to valuations that are justified. I see a growing gap between what markets are doing and the weaker real economic activities.”
‘Anemic’ Recovery
The International Monetary Fund predicts the global economy will expand 3.1 percent in 2010, led by growth in Asia, after a 1.1 percent contraction this year. That is still “anemic” and “very weak,” Roubini said.
U.S. stocks fell last week after manufacturing expanded less than anticipated and unemployment climbed to a 26-year high, fueling concern the economy is rebounding more slowly than forecast.
Gains in the S&P 500 have pushed valuations in the index to more than 19 times reported operating profits from the past year, data compiled by Bloomberg show. That’s near the most expensive level since 2004.
The performance of the U.S. economy is probably more sluggish than reflected in stock markets, risking a correction in equities, Nobel Prize-winning economist Michael Spence said last month. U.S. stock-market investors have “over processed” the stabilization of growth in the world’s largest economy, Spence said.
Creating Bubbles
The global equity rally has added about $20.1 trillion to the value of stocks worldwide since this year’s low on March 9. Governments have poured about $2 trillion of stimulus into the global economy while central banks have cut interest rates to close to zero in efforts to revive growth.
“In the short run we need monetary and fiscal stimulus to avoid another tipping point and to avoid deflation, but now this easy money has already started to create asset bubbles in equities, commodities, credit and emerging markets,” Roubini said. “For the sake of achieving growth stability again and avoiding deflation, we may be planting the seeds of the next cycle of financial instability.”
To contact the reporters on this story: Shamim Adam in Istanbul at sadam2@bloomberg.net; Francine Lacqua in Istanbul at flacqua@bloomberg.net
Last Updated: October 4, 2009 19:00 EDT
China Central Bank Says Lending Heads For ‘Sustainable Level’
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By Rob Delaney
Oct. 5 (Bloomberg) -- Chinese central bank official Yi Gang said the strength of lending in the country isn’t a cause for concern and will stabilize, reflecting the government’s reluctance to rein in economic stimulus measures.
“I think overall, the situation will converge to a sustainable level,” Deputy Central Bank Governor Yi told Bloomberg News on Oct. 3 in Istanbul, where the World Bank and International Monetary Fund are having their annual meetings. “In August, it was already not too much. June and August were pretty flat.”
Chinese officials including Yi and Finance Minister Xie Xuren met in Istanbul with other Group of 20 officials amid pledges to help shore up the world economy’s recovery from the deepest recession since World War II. French Finance Minister Christine Lagarde expressed optimism after weekend meetings that China will play its part in rebalancing global growth.
“This is the first time I’ve heard the Chinese” expressly indicate their growth forecasts and plans for domestic demand, she said yesterday. It was “very precise language” that, if followed, will help “address global imbalances” and “have consequences on exchange rates.”
As global trade flows declined, China suffered a 10-month slide in exports, damping growth in the region and pulling the nationwide expansion rate down to 6.1 percent in the first quarter, the slowest pace in almost a decade.
Masterful
The government is using its 4 trillion yuan ($586 billion) stimulus and record bank lending to build railways, roads and power plants, mostly in the less-developed west and center of the country.
“The Chinese are masterful at entry and exit,” said Goldman Sachs Group Inc. Chief Economist Jim O’Neill in an interview, adding he expects lending to slow in coming months. “They could give lessons to many others.”
G-7 policy makers in Istanbul continued to lobby the Chinese government to help counter the dollar’s slide and smooth out lopsided global flows in trade and investment by letting the yuan appreciate faster. China, which controls the value of its currency, has kept the yuan largely unchanged in the past year against the dollar.
“We welcome China’s continued commitment to move to a more flexible exchange rate, which should lead to continued appreciation of the renminbi in effective terms and help promote more balanced growth in China and the world economy,” the G-7 said in a statement.
Stable Growth
China aims to achieve “stable and relatively fast” growth and contribute to a global recovery by maintaining the continuity and stability of its policies, Premier Wen Jiabao said on Sept. 30 in a nationally televised speech celebrating the 60th anniversary of the founding of the People’s Republic of China.
China’s new lending unexpectedly increased in August, reversing a dip in July, and money supply rose by a record, fueling the nation’s recovery from the slowest expansion in almost a decade. Yi’s comments echo others by China’s top leaders aiming to keep growth intact even as it fuels the risk of asset-price inflation.
At the same time, China will study the use of “regulatory tools” to adjust bank lending, Su Ning, another deputy governor at the country’s central bank, said Sept. 5.
A credit boom and a 4 trillion-yuan ($586 billion) stimulus package spurred economic growth to a 7.9 percent annual rate in the second quarter.
Loose Policy
China will stick to a “moderately loose” monetary policy and guide reasonable loan growth to further cement its economic recovery, the People’s Bank of China said Sept. 29. The country will continue to implement stimulus measures to boost domestic demand, the bank said.
“I think they’ve already started to pull back a little bit on the monetary side, and on fiscal side they don’t need to,” Goldman’s O’Neill said.
China’s banks extended 410.4 billion yuan of local- currency loans in August, up from 355.9 billion yuan in July and 271.54 billion yuan a year ago, the People’s Bank of China said on Sept. 10. M2, the broadest measure of money supply, rose 28.5 percent, the bank also said.
China’s inflation rate will climb to 3 percent for 2010 after a 0.5 percent decline in prices this year, the Asian Development Bank said in a Sept. 22 report.
To contact the reporter responsible for this story: Rob Delaney in Istanbul at robdelaney@bloomberg.net.
Last Updated: October 4, 2009 12:01 EDT
Fujii May ‘Take Action’ on Yen; G-7 Seeks Currency ‘Stability’
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By Mayumi Otsuma and Simon Kennedy
Oct. 5 (Bloomberg) -- Japanese Finance Minister Hirohisa Fujii issued his clearest warning yet that his nation is open to intervening in the currency market even as the Group of Seven declined to criticize the tumbling dollar.
“If currencies show some excessive moves in a biased direction, we will take action,” Fujii said Oct. 3 in Istanbul after a meeting of G-7 finance ministers and central bankers. He declined to say if the yen is now trading in such a way.
Fujii’s position has shifted since his initial remarks on taking office last month, when he opposed seeking a “weak” yen and selling the currency which last week rose to an eight-month high of 88.24 against the dollar. The gain is threatening the profits of exporters from Canon Inc. to Toyota Motor Corp.
The change in stance reflects a slide in the dollar that has sparked concern from Canada to France over the potential impact on economic recoveries. While the G-7 stopped short of issuing a specific call for a stronger U.S. currency, Fujii’s language raises the risk of the first currency-market action by a G-7 nation since 2004.
“Japan is thinking more about the currency’s effect on the real economy, and if necessary they’ll intervene,” Gerard Lyons, the London-based chief economist of Standard Chartered Bank, said in Istanbul. “For now they seem to want to talk it down, but eventually they’ll have to do something about it.”
Comments ‘Misunderstood’
Fujii, 77, said last month he opposed stepping into the foreign-exchange market in principle, before revising that comment to say he wasn’t an advocate of a strong currency and that Japan was open to acting should the market move “abnormally.” Fujii said in Istanbul that his early comments about the yen “have been a bit misunderstood,” and that currencies should be set by markets.
Fujii is confusing traders and likely still wants the yen to gain as the ruling Democratic Party of Japan, which won power in August, tries to refocus the economy toward domestic demand and away from exports, said Stephen Jen, a managing director at BlueGold Capital Management LLP in London.
“I doubt Finance Minister Fujii will materially change his stance until Japan is pushed deep into recession,” Jen said.
Japan hasn’t entered the foreign exchange market since the central bank, at the request of the Finance Ministry, sold a record 14.8 trillion yen ($164 billion) in the first quarter of 2004 to restrain the currency. In his first tenure as finance chief, from August 1993 until June 1994, Fujii oversaw more than 1.3 trillion yen ($15 billion) of yen sales. The G-7 hasn’t intervened as a group since September 2000.
Export-Driven Recovery
The yen’s appreciation threatens to undermine Japan’s export-driven economic recovery as the jobless rate hovers near a record high and deflation continues. Tokyo-based Canon, the country’s biggest maker of office equipment, estimates every 1 yen appreciation against the dollar will lower its second-half operating profit by 4.2 billion yen.
The “current level around 90 yen is a bit painful,” Yukitoshi Funo, executive vice president of Toyota City-based Toyota, the world’s largest seller of hybrid autos, said on Sept. 25. “I think the yen should be a little weaker.”
Fujii struck a different tone than his G-7 colleagues, who repeated that “excess volatility and disorderly movements in exchange rates have adverse implications for economic and financial stability.”
That means further declines in the dollar are likely, said Sophia Drossos, co-head for global foreign exchange strategy at Morgan Stanley in New York. In April 2008, the G-7 spoke out against a declining dollar by complaining about “sharp fluctuations in major currencies.”
Recognizing Limitations
“If the G-7 wanted to push back more forcefully, they could have,” said Drossos, a former manager of the Federal Reserve’s foreign-exchange portfolio. “Since they didn’t, they may be tolerant of recent moves or they may recognize their limitations in slowing recent trends.”
The dollar may also be undermined as governments and central bankers seek to tackle so-called imbalances such as the U.S. trade deficit and China’s current-account surplus, said Marco Annunziata, chief economist at UniCredit Group in London.
“This inevitably validates dollar weakness” he said. “This was an impossible circle for the G-7 to square.”
Still, French Finance Minister Christine Lagarde said after the meeting that there is a need for a “strong dollar.” U.S. Treasury Secretary Timothy Geithner told reporters that “it is very important to the United States that we continue to have a strong dollar.”
Pressure on China
The G-7 kept pressure on China to allow greater flexibility in the yuan in the interest of smoothing out lopsided flows of trade and investment. While the dollar has dropped 14 percent against a basket of seven currencies since early March, it has gained 0.3 percent against the yuan, which is managed by Chinese authorities.
That is handing Chinese exporters an advantage in overseas markets and forcing other nations to shoulder the burden of the dollar’s dive.
“We all need to have our currencies fluctuate” if their relative values are to be set by the market, Canadian Finance Minister Jim Flaherty said in an interview yesterday. He added: “There’s clearly upward pressure on the Canadian dollar.”
Lagarde said she was “struck” by Chinese pledges to bolster domestic demand. It was “very precise language” that, if followed, will help “address global imbalances” and “have consequences on exchange rates,” she said.
‘Fragile’ Recovery
G-7 officials said the global economic recovery is “fragile” and promised to maintain stimulus programs until growth takes hold. They met in Turkey before this week’s annual meetings of the International Monetary and World Bank and a week after the G-20 leaders named that forum as the primary arena for international economic policy-making.
The transfer of power toward the G-20, which includes emerging markets such as China and Brazil, prompted the G-7 finance officials to say they would tighten the schedule of their meetings, work more in parallel with G-20 events and issue statements only on merit. G-20 finance chiefs will meet next month in Scotland.
“We agreed that we want to work more informally again in the future, taking a step back to what it used to be like in the past,” said German Deputy Finance Minister Joerg Asmussen.
To contact the reporters on this story: Mayumi Otsuma in Istanbul at motsuma@bloomberg.netSimon Kennedy in Istanbul at skennedy4@bloomberg.net
Last Updated: October 4, 2009 14:22 EDT
SMWF...The Cruzin Cooler and The Top 20 Features that are built into this cooler. It is powered by electricity or gas.
Features are:
Spring loaded foot pegs
External fuel fill gas tank
Gas and Electric models
Disc brakes
Snap pin assembly
Tools included
Backrest/Seat accessories
Drink access lid w/ holder
Trailer hitch for trailer
Aluminum construction
Stop switch
Light weight
Chain drive
24 + Can capacity + 8# ice
13 mph top speed
Assorted Colors
Decals available
More models coming
Very maneuverable
Aluminum Rims
Cruzin Cooler Video Link...You can cruz up to 15 miles and at 13 mph on a single charge.
http://www.gadgetenterprises.com/
The Cruzin Cooler and The Top 20 Features that are built into this cooler. It is powered by electricity or gas.
Features are:
Spring loaded foot pegs
External fuel fill gas tank
Gas and Electric models
Disc brakes
Snap pin assembly
Tools included
Backrest/Seat accessories
Drink access lid w/ holder
Trailer hitch for trailer
Aluminum construction
Stop switch
Light weight
Chain drive
24 + Can capacity + 8# ice
13 mph top speed
Assorted Colors
Decals available
More models coming
Very maneuverable
Aluminum Rims
Cruzin Cooler Video Link...You can cruz up to 15 miles and at 13 mph on a single charge.
http://www.gadgetenterprises.com/
Regulators close banks in Colorado, Mich., Minn.
http://abcnews.go.com/Business/wireStory?id=8741510
sure has been some accumulation going on here at these levels for GTLA. So for every seller there is buyer. There has been alot of shares traded at the .0003 level latley.
Last week the .0003s held support and the last 7 trading sessions it has held support there at that level. Looking forward in getting some news this week.
The new site will be live Oct. 5, at 12PM Pacific.
Gadget Enterprises Team is proud to unveil the new, improved, and upgraded GadgetEnterprises.com website.
From Stock Charts.com....GTLA Daily Chart...The best charting service on the web..imo...
From Stock Charts.com....GTLA Daily Chart...The best charting service on the web..imo...
SMWF..The new site will be live Oct. 5, at 12PM Pacific.
Gadget Enterprises Team is proud to unveil the new, improved, and upgraded GadgetEnterprises.com website.
LLEG Daily Chart.
LLEG Daily Chart.
NWTT Daily Chart.. RSI above 50
NWTT Daily Chart.. RSI above 50
The latest news is below. Maybe next week we can get an update from the company on the LOI with Sovereign Transfer Services.
For more information, visit http://www.sovereigncardservices.com./
GT Legend Automotive Announces Move Into International Remittance Market
BALTIMORE, MD, Sep 24, 2009 (MARKETWIRE via COMTEX) -- GT Legend Automotive Holdings, Inc. (PINKSHEETS: GTLA) announced recently that a Binding Letter of Intent had been signed to acquire Sovereign Transfer Services Corp. GTLA now announces that Sovereign Transfer Services has appointed an advisor for entry to its first international remittance market.
Sir Michael Burton-Prateley, Executive Chairman of Sovereign, remarked, "While the US market will remain a dominant domain for our activities, we have been researching and planning our first move into the international remittance market, targeting attractive 'niche' opportunities.
"We have determined that the German-Turkish corridor merits our serious attention and to this end have selected our advisers and partners for this significant step. We will be advised by Herax Partners, a boutique Investment Bank, based in Frankfurt, which has extensive knowledge of both the Turkish and German markets.
"There are over 4 Million people in Germany, of Turkish origin, with the highest concentration in the cities of Baden Wurttemberg and Nord-Rhine Westfallen. 60% of Turkish immigrants live in the major cities of the former West Germany -- Berlin, Koln, Dusseldorf and Frankfurt as well as Munich, Mainz and Stuttgart.
"Remittances from Germany to Turkey, which comprise in excess of 50% all German outbound remittances, make a substantial contribution to the Turkish economy. We would like to play a role in making the remittance process less onerous on those supporting their dependents at home."
About GT Legend Automotive Holdings Inc.
GT Legend Automotive Holdings, Inc. is a Nevada corporation developed to meet the growing needs of the ever-changing automobile after market and to introduce a patent pending "Green Energy" conversion for cars and trucks, that is expected to increase mileage while adding horsepower and reducing emissions. GTLA is in the process of acquiring Sovereign Transfer Services Corp. trading as Sovereign Card Services. Sovereign Card Services provides both VISA and MasterCard, secure, full service debit cards, providing cardholders with ready access to cash at millions of ATMs worldwide and which enable cardholders to conveniently pay for purchases at retailers everywhere. In addition Sovereign cards provide secure, low cost, convenient transfer of funds to relatives and loved ones through Sovereign's "Companion Card" program. Sovereign Debit Cards are easy to load, whether by cash, direct deposit, wire transfer or money order. For more information, visit www.sovereigncardservices.com.
Investor Contact:
Tom Parilla
Parilla Investment Group
814.824.4326
SOURCE: GT Legend Automotive
Copyright 2009 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Automotive:Cars
Automotive:Motorcycles
Automotive:Trucks
Automotive:Parts and Accessories
Automotive:Repair and Restoration
Automotive:Other passenger vehicles
Sovereign Card Services is dedicated to making life easier, cheaper and more convenient for its members.
http://www.sovereigncardservices.com/about.html
www.gadgetenterprises.com is in the top 8.15 % of all websites.
Alexa Ranking for www.gadgetenterprises.com as of OCT 3rd 2009.
SEO Score: 60% and Alexa rank of 2,281,806 which is in the top 8.15 % of all websites.
via.
http://www.websitegrader.com/
the last five days of trading we have been hammering out the bottom on the weekly chart between .0003 and .0004... Looking forward to next week here.
GTLA Daily Chart... Held support last week @ .0003
GTLA Daily Chart... Held support last week @ .0003
NWTT Chart is BULL..Golden Cross may be on it’s way.
NWTT Chart is BULL..Golden Cross may be on it’s way.
Several of the NEW features of GadgetEnterprises.com website are going to include via pr.
A. Enhanced Product Listings
B. Weekly updates on new products and special offers
C. Calendar of Dr. Gadget appearances and much, much more to come!
SMWF..The new site will be live Oct. 5, at 12PM Pacific.
Gadget Enterprises Team is proud to unveil the new, improved, and upgraded GadgetEnterprises.com website.
SMWF..The new site will be live Oct. 5, at 12PM Pacific.
Gadget Enterprises Team is proud to unveil the new, improved, and upgraded GadgetEnterprises.com website.
I noticed that product on the http://www.s-gen.com/index.php website. You can take a look at there or maybe contact the company. The M.S.R.P. with Microsoft Office included - $1,395.00 via the website.
GTLA….Sovereign Network Marketing
The Sovereign Card is an ideal payment system for members of network marketing businesses, ensuring the fastest payment of commissions and bonuses, through direct deposit. Sovereign works with several network marketing businesses to provide this convenient and secure service.
Revolutionary Folding Keyboard
The S-Gen PC incorporates a revolutionary folding keyboard, a powerful processor, large brilliant TFT display, multiple input options (USB, RJ45) and supports the latest connectivity standards. The small, sleek and lightweight design of the S-GEN allows you to connect, communicate and accomplish tasks anywhere.
SMWF…About Cruzin Cooler.
Combines two basic necessities of life, the ability to have cold food or a beverage handy along with the means to get somewhere, without walking. The Cruzin Cooler is light-weight, comes in various sizes and colors and is available in gas and electric models, with up to a 10 mile range on electric models and 30 miles on the gas models.
The cooler is light and small enough to fit in most trunks. The cooler can be used for hunting, sporting events, races, camping, golf or even a trip to the grocery store to keep your food cold all the way home. Marine use will be popular for the new cooler allowing you to take your fish/drinks/food/ ice to and from your boat with powered assistance and braking. Simply ride or power your way up and down ramps.
The SMWF sites are nice...imo...I like the products and they have a good selection of them. Personally I like the Nikon products I've always been a fan of Nikon.
NWTT...5 million buy just went through @ .0002..
NWTT...5 million buy just went through @ .0002..
GTLA… Sovereign Benefits.
For those who receive regular Federal or State benefit checks, Sovereign offers a low cost, convenient and secure service, which avoids the cost and expense of check cashing. Have your check directly deposited to your Sovereign debit card for free! You can access your money at ATMs and pay for purchases anywhere VISA is accepted. You can also set up a sub-account, so you can send money to a loved one, anywhere in the US or worldwide.
GTLA… Sovereign Benefits.
For those who receive regular Federal or State benefit checks, Sovereign offers a low cost, convenient and secure service, which avoids the cost and expense of check cashing. Have your check directly deposited to your Sovereign debit card for free! You can access your money at ATMs and pay for purchases anywhere VISA is accepted. You can also set up a sub-account, so you can send money to a loved one, anywhere in the US or worldwide.
Thanks bro....I'm setting on some laggers lol...If I had more money to buy I would ...lol...Maybe some of my stocks will bounce soon. CINT up 150% yesterday...:)
SMWF...Only 1 MM left @ 0001 on the bid..