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DAL--.85--Delta Air Lines common stock to cease trading on New York Stock Exchange
10/10/05
DELTA AIR LINES INC Quick Quote: DAL 0.85
Delta-Air: Delta Air Lines common stock to cease trading on New York Stock Exchange
10/10/05
C, Oct 10, 2005 (M2 EQUITYBITES via COMTEX) --
1994-2005 M2 COMMUNICATIONS LTD
ATLANTA - Delta Air Lines announced today that it has been advised by the New York Stock Exchange (NYSE) that its common stock - ticker symbol DAL - and its 8 1/8% Notes due July 1, 2039 - ticker symbol DNT - will be suspended from trading on the NYSE on October 13, 2005, and that the NYSE will submit an application to the Securities and Exchange Commission to delist these securities.
Delta received written notification from the NYSE on October 4, 2005 that the average closing price of Delta's common stock fell below the NYSE's continued listing minimum share price standard of $1.00 over a consecutive 30-trading-day period as of October 3, 2005. This condition subjected Delta's securities to the NYSE's suspension and delisting procedures.
Delta has informed the NYSE that, due to its recent Chapter 11 filing, it does not intend to attempt to cure this deficiency and will not oppose the suspension and delisting of its common stock and its 8 1/8% Notes due July 1, 2039. The Company expects these securities to be delisted from the NYSE upon approval by the Securities and Exchange Commission. Once suspended from trading on the NYSE, Delta's securities may be quoted in the "over-the-counter" market.
Delta cannot predict what the ultimate value of its securities may be or whether security owners should expect any financial recovery in Delta's Chapter 11 proceedings. However, in most Chapter 11 cases, owners of equity securities receive little or no recovery of value from their investment. As a result, Delta urges that appropriate caution be exercised with respect to existing and future investments in Delta's securities.
Investors and other interested parties can obtain information about Delta's Chapter 11 filing on the Internet at delta.com/restructure. Court filings and claims information are available at deltadocket.com.
Delta Air Lines is the world's second-largest airline in terms of passengers carried and the leading U.S. carrier across the Atlantic, offering daily flights to 502 destinations in 88 countries on Delta, Song, Delta Shuttle, the Delta Connection carriers and its worldwide partners. Delta's marketing alliances allow customers to earn and redeem frequent flier miles on more than 14,000 flights offered by SkyTeam and other partners. Delta is a founding member of SkyTeam, a global airline alliance that provides customers with extensive worldwide destinations, flights and services. Customers can check in for flights, print boarding passes and check flight status at delta.com.
Statements in this news release that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections or strategies for the future, may be "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the estimates, expectations, beliefs, intentions, projections and strategies reflected in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the actions and decisions of our creditors and other third parties with interests in our Chapter 11 proceedings; our ability to obtain and maintain any necessary financing for operations and other purposes, whether debtor-in-possession financing or other financing; our ability to continue as a going concern; our ability to obtain court approval with respect to motions in the Chapter 11 proceedings prosecuted from time to time; our ability to develop, prosecute, confirm and consummate one or more Plans of Reorganization with respect to the Chapter 11 proceedings and to consummate all of the transactions contemplated by one or more such Plans of Reorganization or upon which consummation of such plans may be conditioned; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for Delta to propose and confirm one or more Plans of Reorganization, to appoint a Chapter 11 trustee or to convert the cases to Chapter 7 cases; our ability to obtain and maintain normal terms with vendors and service providers; our ability to maintain contracts that are critical to our operations; the potential adverse impact of the Chapter 11 proceedings on our liquidity or results of operations; our ability to maintain adequate liquidity to fund and execute our business plan during the Chapter 11 proceedings and in the context of a Plan of Reorganization and thereafter; the effect of a significant reserve or holdback under our credit card processing agreements; our ability to comply with financial covenants in our financing agreements; our debt and pension plan funding obligations; the cost of aircraft fuel; pilot early retirements; interruptions or disruptions in service at one of our hub airports; our increasing dependence on technology in our operations; labor issues; restructurings by competitors; the effects of terrorist attacks; and competitive conditions in the airline industry. Additional information concerning risks and uncertainties that could cause differences between actual results and forward-looking statements is contained in Delta's Securities and Exchange Commission filings, including its Form 10-Q, filed with the Commission on August 15, 2005. The risks and uncertainties and the terms of any reorganization plan ultimately confirmed can affect the value of our various pre-petition liabilities, common stock and/or other securities. No assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to each of these constituencies. A plan of reorganization could result in holders of our liabilities and/or securities receiving no value for their interests. Because of such possibilities, the value of these liabilities and/or securities is highly speculative. Accordingly, we urge that caution be exercised with respect to existing and future investments in any of these liabilities and/or securities. Caution should be taken not to place undue reliance on Delta's forward-looking statements, which represent Delta's views only as of October 7, 2005, and which Delta has no current intention to update.
AMEP----Thanks Star
Will check it out---ready for another fantastic week---
We shall soon see---what our big winnahs will be!!
Nite,
O
StockAnalyzer----oh my!!!
I best order mine---or O will be OOF----
and Out of Fashion is a def no no 4 O!!!
Trade on me bud!!!
;)
R U Readyyyyyyyy for some Trading????
Hope you all had a blessed weekend!!!
O went to a wedding in Maryland-----
torrential rains did not dampen spirits!!
Weather was unrelenting---LOL---sunshine
returned, upon departure!! eeeeeeeeeeeee
Prayers for Pakistan---did not hear news all
weekend and then this!!! Too sad---
O
CXSP---6.15--Scientists Pinpoint Inflammation Gene
10/9/05
CHEMGENEX PHARMA LTD ADR Quick Quote: CXSP 6.15 (+0.21)
Scientists Pinpoint Inflammation Gene
10/9/05
Discovery has Implications for Wide Range of Diseases
SAN ANTONIO, Oct 09, 2005 /PRNewswire via COMTEX/ --
A team of international researchers has discovered that a specific gene on chromosome 15 regulates inflammation, a finding with implications for a wide range of disorders, including cancer, cardiovascular disease, diabetes, obesity, Alzheimer's, and infections. The findings are published in the October 9 online issue of Nature Genetics.
Investigators believe this discovery will be of great interest to biomedical and pharmaceutical researchers because of an already heightened understanding of the role of inflammation in so many human disorders.
"Practically every common disease involves an inflammation component," said John Blangero, Ph.D., a scientist at the Southwest Foundation for Biomedical Research (SFBR) in San Antonio and the paper's senior author. "So the discovery of a new player in the inflammation pathway opens up many potential avenues for intervention on a broad range of health issues."
Along with Blangero, lead researchers in identifying the SEPS1 (Selenoprotein S) gene's influence on inflammation were Joanne Curran, Ph.D., and Ahmed H. Kissebah, M.D. Curran, who also is a geneticist at SFBR, was formerly with ChemGenex Pharmaceuticals (Nasdaq: CXSP; ASX: CXS), an Australian-based company that initially identified the gene through animal studies and funded this latest analysis of its role in humans. Kissebah is professor of medicine at the Medical College of Wisconsin and medical director of TOPS (Take Off Pounds Sensibly), an international weight-loss organization whose members provided genetic material for analysis. Dr. Kissebah practices at Froedtert Hospital, a major teaching affiliate of the Medical College. Other scientists from SFBR, ChemGenex, Deakin University (Geelong, Australia) and the International Diabetes Institute (Melbourne, Australia) also contributed to the work.
Their research study identified SEPS1 as a type of "garbage truck" that helps clear cells of misfolded proteins that build up when cells are placed under stress, Blangero said. Inflammation develops when those faulty proteins accumulate in a cell. People with a genetic variation that impairs SEPS1' ability to purify the cells by clearing out the bad proteins tend to suffer higher levels of inflammation than people in whom the gene fulfills that role more efficiently, according to the study.
The study found the same relationship between SEPS1 and inflammation in two geographically and ethnically distinct populations of people in the United States, one in Wisconsin and one in Texas.
Greg Collier, Ph.D., CEO of ChemGenex, said the discovery of SEPS1 and its function could yield new approaches for inhibiting inflammation, perhaps through medications that regulate SEPS1. An expected search for other genes that influence SEPS1 also could lead to other potential areas for drug intervention.
Researchers studying diseases impacted by inflammation also might look to see what role SEPS1 plays in disease susceptibility. Already, ChemGenex and SFBR scientists are beginning to study how this gene influences a variety of complex diseases, including cardiovascular disease, diabetes, obesity, preeclampsia, and various infectious diseases.
Kissebah said it provides new insight into studies he leads on the genetics of obesity. "Now that we have identified SEPS1' role in inflammation, which is known to initiate the process of arterial wall hardening and the onset of Type 2 diabetes, we are developing an understanding of why obese persons with a faulty SEPS1 gene may be at higher risk of developing heart disease and diabetes," he said.
The path to discovery: finding SEPS1 and its influence
These groundbreaking findings about SEPS1 are built upon a discovery five years ago by ChemGenex Pharmaceuticals. The company was studying the desert sand rat, an animal that, like humans, has certain individuals with a greater propensity than others for obesity and diabetes, as well as the inflammation associated with those conditions. ChemGenex researchers found that the obese and diabetic sand rats exhibited a different pattern of a previously undiscovered gene, which is now known to be SEPS1. Given the results in animals, the SFBR-led team was brought in to determine whether this gene is relevant to inflammation in humans.
Blangero, who designed the study, first teamed up with Kissebah and the large-scale, family-based study Kissebah leads with TOPS members. This study population is largely of Northern European ancestry and has a high incidence of diabetes and obesity.
Scientists worked with 522 individuals from 92 families in the TOPS program, sequencing their entire SEPS1 gene and identifying all the genetic variations among individuals. These molecular genetic analyses were performed at the International Diabetes Institute in Melbourne, Australia, and directed by Curran and Dr Jeremy Jowett.
Back in San Antonio, researchers used novel statistical methods developed by Blangero and other SFBR scientists to sift through this information and predict which of these genetic variants was most likely to have a direct effect on inflammation. For this effort, they relied on 1,500 parallel processors in the foundation's SBC Genomics Computing Center. An unparalleled resource for genetic analysis, the center enabled an otherwise too-time- consuming comprehensive analysis to eliminate scientific "guesswork" on which variants ought to be investigated in the laboratory.
The statistical analysis identified one particular variant in the SEPS1 gene -- a variation in the gene's promoter region, which regulates SEPS1 expression -- as the most important factor among the individuals with the highest levels of inflammation.
This allowed an Australian research team at Deakin University led by ChemGenex Pharmaceuticals to conduct laboratory investigations to discover the function of the SEPS1 gene and this particular variant.
"These experiments showed that this genetic variation affects how the cell responds to stress," Curran said. "The more common variant -- the one most people have -- is the 'good form' of SEPS1 that is more efficient at perceiving and responding to cellular stress. The alternative, rarer variant weakens SEPS1 and puts it at a disadvantage in dealing with cellular stress."
Blangero explained, "Basically, this rarer form of SEPS1 gives you a lazy cellular 'garbage truck' that doesn't properly do its job of clearing out the misfolded proteins that lead to inflammation."
As further confirmation of their study results with the Wisconsin population, the researchers looked to see if they would replicate their findings in a distinct group of Texas families. A team of SFBR scientists led by Dr. Jean MacCluer is conducting a long-term, National Institutes of Health- sponsored study on the genetics of heart disease, diabetes and obesity in 1,400 Mexican Americans from 90 San Antonio families.
Researchers studied an additional 500 individuals from 20 families of this San Antonio Family Heart Study and performed the same genetic analysis that was previously done with the Wisconsin families. "Once again, we obtained the same results," said Blangero. "We replicated our findings in another study with a different population of a different ethnic group, which is rare in human genetics. This adds to other clear evidence that SEPS1 is a good target in defeating inflammation, which plays an important role in virtually every disease of major public health importance."
SOURCE Southwest Foundation for Biomedical Research
SimpleGreen---Thanks for the links!!!
While visions of stocks dance through our heads---
Have a great trading day!!!! Good to have you here to pick yo brain--aha and that WE will DO!!
Thank you SG
O
Good morning to all!!!
Wow---what a week this has been----letz close out with Fantastic Friday!!!
Cheers!!
O
GZFX---ON Traders Nation
GameZnFlix, Inc. Quick Quote: GZFX 0.01 (-0.00)
Stocks covered throughout the Traders Nation show on 10.06.05 include: GameZnFlix Inc. (OTCBB:GZFX), eFoodSafety.com Inc. (OTCBB:EFSF), AmeriChip International Inc. (OTCBB:ACHI), Destiny Media Technologies, Inc. (OTCBB:DSNY), Northeast Development Corp. (Pink Sheets:NHVP)
Caller Line: 1-866-SMCAPPS / 1-866-762-2777
PowerPole--PBLS
O
CAN
DIGGGGGGGGG IT!!!!
YBY
Yeah Baby Yeah!!!
O
October is serving up some real TREATS!!!!
Aha---better than those ole MM's tricks!!!
Happy trading!! Something for everyone!!!
O
PBLS NEWS--Phoenix Associates Announces Acquisition of Construction Company and Updates Post-Disaster Initiatives
10/6/05
Phoenix Associates Land Syndicate Quick Quote: PBLS 0.03 (-0.01)
COVINGTON, La., Oct 06, 2005 (BUSINESS WIRE) --
Phoenix Associates Land Syndicate (Pink Sheets:PBLS) today announced that it has completed the acquisition of 3-D Builders, Inc. in a deal for stock and cash, in an effort to increase its construction division capacity in the wake of Hurricane Katrina and Hurricane Rita.
Phoenix management anticipates that the acquisition of the residential construction company will add over $2 million in revenue and be accretive to earnings in the current fiscal year alone. These estimates do not include revenue that could be realized from the post-disaster rebuilding effort in which CNN.com, subsidiary of Time Warner (NYSE:TWX), has reported that between 140,000 and 160,000 homes need to be leveled and rebuilt in and around New Orleans.
The company has also added additional human resources to pursue work through the U.S. Army Corps of Engineers, the Federal Emergency Management Agency (FEMA) and regional contractors that have been assigned work in the disaster relief.
CEO, Paul Alonzo, commented, "We continue to aggressively scale operations through strategic acquisitions, particularly within our construction division, in order to fulfill the immediate construction related needs within Louisiana and Mississippi. Additionally, we are pursuing all avenues available to deploy as much of our 100,000,000 tons of raw sand, gravel and soil as possible to use in the rebuilding of the disaster stricken areas."
The company is working on and anticipates that it will have additional acquisition and rebuilding-related announcements in the near future.
About Phoenix Associates Land Syndicate
Phoenix Associates Land Syndicate, through its wholly-owned subsidiaries, is engaged in the natural resource development, commercial transportation, real estate development and diversified construction businesses. Current company assets include oil leasehold and drilling operations, sand and gravel quarry and mining operations, a contract hauling trucking fleet, diversified construction operations and land-development leaseholds. The Company is experiencing significant organic growth in each of these businesses and is aggressively acquiring synergistic businesses in order to rapidly build capacity.
Safe Harbor
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Raptor Investments, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: Phoenix Associates Land Syndicate
Good morning---and congrats all on PECB & GZFX
ZOW---October been treatin' us GREAT!!!
O
PECB--.25--Pet Ecology Brands, Inc. Announces Operational Results for September; First Month Results of National Rollout Achieves Results beyond the Expectations of Management
10/5/05
PET ECOLOGY BRANDS INC Quick Quote: PECB 0.25 (+0.07)
DALLAS, Oct 05, 2005 (BUSINESS WIRE) --
Pet Ecology Brands, Inc. (Pink Sheets:PECB) -- www.petecology.com -- reported today its operational results for the month of September. The Company launched its national campaign for its Scientific Professional(TM) Cat Litter, targeted for the more than 30,000 specialty pet stores located in the United States, during the latter part of August. Although its internal plan projected no gross sales being generated during the month of September, because of the anticipated lead time to educate the retailers and regional distributors concerning the attributes of its unique cat litter, the Company is pleased to announce that it shipped over 500 units of cat litter during the month to more than 50 retailers located in the United States and Canada. The Company also announces that it has executed distributor agreements with Jupiter Industries, covering Ontario, Canada, with a potential market of 650+ retailers and over 800 vets; C & H Distributing covering 200+ potential retailers in Indiana and other parts of the Midwest; and 2 distributors as yet unnamed, covering another 600+ pet retailers. Together, these distributors provide access to the Company to more than 2,000 pet retailers and vets across the U.S. and Canada. Just as important, is that the Company has received requests for samples, marketing materials and pricing information from another 10 regional distributors and over 250 retailers. The Company believes from these early results that it will meet or exceed its projections of having its pet products offered in 2,500 retailers and vets located in the United States, and having executed agreements with 20 regional distributors by the end of 2005.
Deborah Evans, director of marketing at Pet Ecology stated: "We determined to launch our Scientific Professional(TM) Cat Litter as a brand only offered in specialty pet retailers, as opposed to a launch into the mass retailer market. We are pleased that our early results justify this management decision. Our decision was based upon the fact that the specialty pet retailer is the most knowledgeable base that we could pick to launch a patented product that we believe reflects the future of the cat litter business. Furthermore, we felt that our products, designed and marketed exclusively through specialty retailers, would be well received by this market, and thereby bind us to a distribution base that exceeds the number of outlets that we could reach through a campaign to the mass retail market. With the number of inquiries that we received during September, and the acceptance that we received at the trade shows that we attended during the month, the Company is expected to realize substantial sales in October from our early efforts. We have also provided these retailers with samples of our K-9 Fat Free Dog Treats(TM) and are beginning our preorder campaign in October to this retail base as a prelude to our national launch of the dog treats during the first week of November. We believe that the specialty retailers will preorder sufficient quantities of the dog treats to absorb all that we can produce in the months of November and December."
During the month of September, the Company also launched a substantial national media campaign that resulted in ads being placed in Pet Products News, Cat Fancy Magazine and Cats and Kittens Magazine. The Company will begin its national TV campaign, with both 30- and 60-second ads being placed on CNN throughout the month. The Company will expand this media campaign to include regional TV advertising in the major markets where we have a cluster of retailers in a particular geographic market in order to support those retailers with brand and location identification. The Company also attended the National Pet Industry Joint Advisory Council (PIJAC) Canada Trade Show in Toronto during September and prepared for its presentation in one of the largest trade show for specialty pet retailers, the HH Backer Christmas Trade Show in Chicago at the end of this week. The attendance at trade shows and pet expositions will continue the brand identification campaign that the Company has undertaken. Attendance to three additional trade shows is planned prior to the end of the year.
Jane Lorenzen, COO of Pet Ecology, in reviewing the media strategy stated, "We have made a substantial commitment to our branding campaign in terms of dollars and manpower, which is unusual for a company of our size. However, we felt that it was important to expose our products to the national audience as quickly as possible. We believe that by the end of the year the Company will be identified as the pet product company that is bringing innovative and eco-friendly products to the marketplace, that address the major concerns of pet owners, which are the health and well-being of their pets. Our present goals, which are being reviewed for upward revision, are to generate gross sales in excess of $2M by the end of the year, and, with the cost-saving opportunities provided us by our Chinese joint venture partner, potential gross margins of as much as 50%."
The last significant development for the Company in September was the research and development being undertaken by the Company to extend its existing product lines with product extensions to be introduced during the first two quarter of 2006. These product extensions include diagnostic litter to detect diabetes and pregnancy, and additional flavors for its dog treats. However, the Company is also committed to offering a minimum of three entirely new products to the pet market in 2006. The first under development is the first low fat microwavable cat food that results in a gravy base. The Company has made substantial progress on the formulation, packaging and branding of this product, and will be announcing the specifics of the new line during the later part of 2005.
Ralph Steckel, CEO of Pet Ecology and the person in charge of new product development, stated: "We believe that we have now started to develop a distribution system that will support the various new products that have been under development for a substantial period of time. We will follow through with our commitment to our retailers, distributors and to our shareholders of introducing into the market only the finest in pet products that have not previously been offered to the marketplace. Our new products will continue to fill the void in this expanding marketplace for pet products that are sensitive to the environment, while improving the quality of the life of the pets and their owners. We have a plan to be a multi-faceted pet product company, and are executing effectively on that plan."
The Company will continue to announce its monthly operational results during the first ten days of each succeeding month.
About Pet Ecology Brands, Inc.
Pet Ecology Brands, Inc. has developed a revolutionary patented cat litter that destroys urine odor, clumps and is earth-friendly. The litter is ultra-lightweight and convenient to use (3 lbs works like 21 lbs of clay/sand based products); it is 100% flushable and safe for sewer and septic tank systems. It is completely safe for cats and our environment, and does not contain any sodium bentonite, as used in competing brands. The design helps to protect the landfills, and yet does everything that clay litters do ... and more. It has the ability to help indicate certain diseases commonly occurring in cats. The technique used is similar to that found in Merck's Veterinarian Manual. However, this litter not only warns of possible illness, but may also help indicate how far along the illness may be by the color the litter changes to, thereby providing the pet owner significant additional benefits and an early warning system concerning the cat's health.
Pet Ecology's K-9 Fat Free Dog Treats(TM) are the first fat free treats on the market that meet the standards of the U.S. Department of Agriculture, and offer dog owners an effective means to provide their pets with a non-fat tasty treat. They are also cholesterol free and sodium free. According to U.S. News & World Report, "the number one health problem for dogs is obesity." Today, dogs are fed fat rich food and treats, and often get significantly less exercise than required to maintain an ideal weight and healthy condition. Overweight dogs are more prone to serious injury, skeletal stress and the same complications that people experience with significant weight gain via fat rich diets, ranging from heart and lung problems, to skin and kidney diseases, to circulatory and immune system
QuickTrade--End of day results!!
Wow!! Think what tomorrow will bring---our odds---gotta pick some UPS?? LOL
Happy trading!!!
O
PowerPole
Totally agree on that---PR badly needed to cheer up the troops!!
Thanks for the info---
O
EAG---Eagle Broadband Files Lawsuit Against Internet Posters Believed to Be Engaged in Illegal Trading Activities & Stock Manipulation Schemes
10/5/05
EAGLE BROADBAND INC Quick Quote: EAG 0.17 (Even)
Company to Aggressively Seek Damages and Injunctive Relief to Ban
Posters from Distributing False, Fraudulent and Misleading Information
Designed to Damage the Company, its Shareholders and Stock
HOUSTON, Oct 05, 2005 (BUSINESS WIRE) --
Eagle Broadband, Inc. (AMEX:EAG), a leading provider of broadband, Internet protocol (IP) and communications technology and services, announced today that the company has filed a lawsuit containing claims for defamation and unfair business practices in the Superior Court of California against 25 anonymous "John Doe" defendants alleging that these defendants have distributed false, fraudulent and misleading misinformation on Internet message boards in an effort to damage Eagle's business and its shareholders, and to drive down the value of its stock in order to reap profits for themselves.
The 25 "John Doe" defendants named in the lawsuit include individuals using the following Internet message board ID's: "upanddown100", "team_3339", "bubba2o", "benderanddundat", "advanced_headlines", "richwill21", and "phil_phd2003", among others. The company may add additional defendants to this lawsuit as additional evidence warrants.
The company has evidence that these posters have engaged in unlawful activities and is seeking monetary and punitive damages from these individuals and/or firms who have engaged in deliberate misinformation campaigns designed to drive down the price of the company's stock in an apparent attempt to capture illegal gains from short sales.
The fraudulent and misleading information distributed by these defendants has been posted on widely visited financial Internet message boards including Yahoo! Finance, Raging Bull and others. The information has included, but is not limited to, fraudulent statements about the financial condition and business activities of the company, erroneous information about the company's products, partners and customers, and personal attacks against the company's management, board of directors and employees. The lawsuit is designed to stop these individuals and/or firms from continuing these illegal activities as well as to seek the full measure of damages and other remedies permitted by law.
"While Eagle Broadband fully respects individuals' right to free speech, we will not tolerate deliberate misinformation campaigns that disseminate false and fraudulent statements that damage the company, our shareholders and the value of our stock," said David Micek, President and CEO of Eagle Broadband.
Micek continued, "The internal committee we previously formed to investigate improper trading activities has uncovered solid evidence of fraudulent and defamatory information being posted on various Internet sites. While we support the use of the Internet to discuss the company and its progress, we believe it is now appropriate to aggressively pursue all available regulatory and legal remedies against those engaging in these illegal schemes. Our goal is to do everything we can to put a stop to these illegal activities and seek maximum damages for the benefit of Eagle and its shareholders."
"As the company remains focused on growing the business, our internal committee and legal team will continue to closely monitor the online message boards, and we will remain extremely vigilant in our efforts to uncover and take action against any individuals or firms engaged in these illegal activities," Micek added.
About Eagle Broadband
Eagle Broadband is a leading provider of broadband, Internet Protocol (IP) and communications technology and services that create new revenue opportunities for broadband providers and enhance communications for government, military and enterprise customers. Eagle leverages years of proven experience delivering advanced, IP-based broadband bundled services to provide service provider partners with a way to deliver next generation entertainment, communications and security services to their subscribers. The company's product offerings include IPTVComplete(TM), the fastest, lowest cost way for broadband providers to deliver the most competitive IP video services; the MediaPro line of HDTV-ready IP set-top boxes that enable broadband providers and hotel operators to maximize revenues by delivering state-of-the-art, interactive entertainment services; and the SatMAX(TM) satellite communications system that provides government, military, homeland security and enterprise customers with reliable non-line-of-sight voice and data communications from any location on Earth. The company is headquartered in Houston, Texas. For more information, please visit www.eaglebroadband.com or call 281-538-6000. (EAGG)
NLST---NEWS
NATL STORM MGMT INC Quick Quote: NLST 1.07 (-0.05)
National Storm Management Inc. Reports Record Sales Orders of Over $2 million for Orlando Office
10/5/05
GLEN ELLYN, Ill., Oct 05, 2005 (BUSINESS WIRE) --
National Storm Management, Inc. (Pink sheet:NLST), is pleased to report that its sales office in Orlando, FL booked orders in excess of $2 million during the month of September 2005.
CEO Terry Keifer commented, "This represents a record month for the Orlando area and our VP of Sales and Marketing, Don Humphrey and his team will, no doubt, continue to work diligently towards achieving a record sales year for the company. At this stage, it looks like a record year should be within reach as the other regional offices are showing upward trends and the acquisitions in progress are expected to contribute soon."
National Storm Management is an expanding national construction company specialized in storm restoration management that work closely with affiliates in seven states. The affiliates are: ABC Exteriors (Illinois), Pinnacle Roofing (Orlando, Vero Beach & West Palm Beach, Florida), MSM Builders and Remodelers (Missouri), MSM Builders & Remodelers (Minnesota), First Class Builders (Maryland), Pinnacle Roofing (Mississippi), and First Class Roofing and Siding (Ohio). The company and its affiliates are recognized by all major insurance companies such as State Farm, Allstate, Farmers and many others for storm related claims. The Company is also a member of the National Roofing Contractors Association (NRCA) and the Better Business Bureau.
Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
SOURCE: National Storm Management, Inc.
National Storm Management, Inc. Mark V. Noffe, 630-469-7663 www.nationalstorm.net
Copyright Business Wire 2005
GWGO .0009 Great West Gold, Inc. - Restructuring Update
10/5/05
GREAT WEST GOLD INC Quick Quote: GWGO 0.00 (Even)
Great West Gold, Inc. - Restructuring Update
10/5/05
Company completes on Sentinel Resources, Inc.
NEW YORK, Oct 05, 2005 /PRNewswire-FirstCall via COMTEX/ --
Great West Gold, Inc. (OTC Bulletin Board: GWGO) confirms that is has now completed the sale of 49% of its owned subsidiary company, Golden Sierra Limited to Sentinel Resources, Inc. The Company is disposing of its additional 51% interest in Golden Sierra Limited to a recently created subsidiary company of Great West Gold, Inc. that being Western Diversified Mining Resources, Inc. Golden Sierra Limited controls the "Mockingbird" Gold Mining Project in Arizona. Western Diversified Mining Resources, Inc. will remain as a wholly owned subsidiary company of Great West Gold, Inc. at this time.
SENTINEL RESOURCES, INC.:-
This company will obtain a separate quotation on the OTC Market as soon as is possible. It is intended that this Company will raise additional cash to develop this Mining Property. All of the shares in this Company directly held by Great West Gold, Inc. will be distributed to the shareholders of Great West Gold, Inc.
SHAREHOLDING STRUCTURE OF SENTINEL RESOURCES, INC.:-
Western Diversified Mining Resources, Inc. will hold 102,000,000 shares of restricted shares of Sentinel Resources, Inc. ("Sentinel") These shares will remain under the control of Great West Gold, Inc. at this time. Great West Gold, Inc. will hold a direct interest in Sentinel in the amount of 98,000,000 shares of Sentinel restricted Common Stock. These shares in Sentinel are being distributed to the shareholders of Great West Gold, Inc. The balance of the shares in Sentinel will be held by a number of external investors and by the Management of Sentinel. These shares are being issued by Sentinel after the acquisition of Golden Sierra Limited by Sentinel. This will result in a dilution of Great West Gold, Inc.'s interest in Sentinel.
UPDATE ON WINDSOR RESOURCES, INC.:-
Great West Gold, Inc. (OTC Bulletin Board: GWGO) announced that is distributing its entire direct shareholding in the amount of 980,000,000 shares of Common Stock in Windsor Resources, Inc. to Great West Gold, Inc. shareholders of record as at October 31, 2005.
Windsor Resources, Inc. has confirmed that it is to effect a ten for one Stock Split of its outstanding shares of Common Stock, which will therefore result in the amount of 980,000,000 shares in Windsor Resources, Inc. shares of Common Stock being distributed to the Great West Gold, Inc. shareholders. This was a logical step given the huge number of outstanding shares of Common Stock in Great West Gold, Inc.
Great West Gold, Inc. will continue to hold 51% of Western Gold Limited and of Golden Sierra Limited through its wholly owned subsidiary company, that being Western Diversified Mining Resources, Inc. Western Gold Limited controls the "Bouse" Gold Mining Project in Arizona. Golden Sierra Limited controls the "Mockingbird" Gold Mining Project in Arizona.
These shares of Windsor Resources, Inc. Common Stock will be posted to Great West Gold, Inc. shareholders of record in and during the two-week period after October 31, 2005, that being the "Pay Day" for this Dividend.
RATIONALE:-
The Company has for some time recognized the fact that its dismal share price performance required a major corporate restructuring and to this end, the Company has examined countless possibilities to unlock value for its shareholders. The rationale was a "Reverse Split" of the Company's stock coupled with a financing of the Company would not be in the interests of shareholders
ACQUISITION:-
The Company will still be immediately acquiring interests in another industry sector, which will result in the Company entering another business sector. This acquisition will be concluded and announced after the completion of the distribution of the shares in both Windsor Resources, Inc. and in Sentinel Resources, Inc. It has been considered prudent that shareholder wealth be maximised through the distribution of these shareholdings in Windsor Resources, Inc. and in Sentinel Resources, Inc. prior to any further acquisitions in another Industry Sector.
NAME AND TRADING SYMBOL CHANGE:-
The Company will shortly be effecting a change in its name and its Trading Symbol to reflect the acquisition. This will be announced and effected after the completion of the distribution of the shares in both Windsor Resources, Inc. and in Sentinel Resources, Inc.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities.
About Great West Gold, Inc.:-
Great West Gold, Inc. (www.greatwestgold.com) is a gold exploration company that has acquired certain rights to mine for minerals, primarily gold, in Arizona. Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements
Starwood's Award-Winning Energy Program Expands Reliance on Fuel Cell Energy Power Plants to the Westin Brand
10/5/05
FUELCELL ENERGY LIMITED Quick Quote: FCEL 10.55 (Even)
Starwood's Award-Winning Energy Program Expands Reliance on Fuel Cell Energy Power Plants to the Westin Brand
10/5/05
500 Kilowatt Direct Fuel Cell Power Plant for the Westin San Francisco
Airport Hotel to Provide Base Load Electricity and Heat for Indoor
Pool
WHITE PLAINS, N.Y. & DANBURY, Conn., Oct 05, 2005 (BUSINESS WIRE) --
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) and FuelCell Energy, Inc. (NasdaqNM:FCEL), a leading manufacturer of ultra-clean power generation plants for commercial and industrial customers, today announced the expanded use of fuel cell power plants to include the Westin Hotel brand with the inaugural installation to consist of a 500 kilowatt (kW) Direct FuelCell(R) (DFC(R)) power plant at The Westin San Francisco Airport Hotel location.
The 500 kW DFC power plant for The Westin San Francisco Airport Hotel will supply base load power for the 390-room hotel while the heat byproduct will be used to heat the hotel's indoor pool.
"Starwood's expansion of its fuel cell energy program into the Westin brand exemplifies the company's commitment to the most efficient, ultra-clean and reliable onsite base load power generation," said R. Daniel Brdar, President and COO of FuelCell Energy, Inc. "Starwood, an innovative corporate leader who has recognized the value of fuel cells through repeat purchases at multiple locations is demonstrating that our DFC products are advancing from the early adoption phase to more mainstream application."
Once the Westin hotel unit is installed and operating, Starwood will be generating 2.75 MW of ultra-clean power for five of its U.S. hotels in California, New Jersey and New York. The first unit was installed in 2002 at the Sheraton in Edison, NJ. Westin is the upper-upscale brand of Starwood Hotels & Resorts, with 121 hotels globally in approximately 31 countries and territories.
"Our use of fuel cells at Sheraton hotels has successfully reduced our energy costs while offering us quality power with strong environmental benefits, and we are eager to begin applying this formula to our Westin and other brand hotels," said John Lembo, Director of Energy for Starwood. "With DFC installations at hotels on both coasts of the U.S., we are fulfilling our pledge to be the best business neighbors with a commitment to helping our environment while providing the highest quality of service to our guests."
Starwood was recently named as the Number 1 company in Buildings Magazine's 2005 'A' List due to its green initiatives, which resulted from the installation of DFC power plants at four other hotel properties in the U.S.
"This kind of growth and development is exciting as FuelCell Energy sitings continue to pick up momentum in California," said James Michael, President of Alliance Power. "Each new project further cements our relationship with Starwood and shows how this kind of technology can make a difference to the environment and is repeatable at other locations."
The DFC power plant at the hotel will be installed and operated by Alliance Star Energy, a joint venture between FuelCell Energy and Alliance Power.
Pacific Gas and Electric, administrator for CPUC's Self-Generation Incentive Program for their service territory, is expected to issue a reservation letter of up to $1.25 million for The Westin San Francisco Airport Hotel installation.
The State of California continues to lead the way in supporting fuel cell technology by providing financial and regulatory support. Fuel cell energy is categorized as an "ultra-clean and low-emission distributed technology, which produces zero emissions during operation or produces emissions that are equal to or less than limits established by the California Air Resources Board.
FuelCell Energy is seeing increased interest for its ultra-clean DFC power plants by customers such as Starwood that are demanding clean, efficient and reliable onsite power generation. This is more pronounced in markets where high electrical costs, strict emissions controls, grid constraints and other characteristics require a clean, efficient distributed generation solution. The key attributes of the company's DFC power plants include: favorable emissions profile (and resulting less restrictive permitting requirements), lower operating and maintenance costs (due to higher fuel efficiency and remote monitoring), and improved reliability (having power generation located at the customer's site). The company is having success in developing repeatable business in geographical markets such as California that offer sufficient funding to make the pricing of the company's DFC power plants more competitive with the local cost of electricity and cogeneration.
About Westin Hotels & Resorts Worldwide, Inc.
FCEL--Starwood's Award-Winning Energy Program Expands Reliance on Fuel Cell Energy Power Plants to the Westin Brand
10/5/05
FUELCELL ENERGY LIMITED Quick Quote: FCEL 10.55 (Even)
Starwood's Award-Winning Energy Program Expands Reliance on Fuel Cell Energy Power Plants to the Westin Brand
10/5/05
500 Kilowatt Direct Fuel Cell Power Plant for the Westin San Francisco
Airport Hotel to Provide Base Load Electricity and Heat for Indoor
Pool
WHITE PLAINS, N.Y. & DANBURY, Conn., Oct 05, 2005 (BUSINESS WIRE) --
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) and FuelCell Energy, Inc. (NasdaqNM:FCEL), a leading manufacturer of ultra-clean power generation plants for commercial and industrial customers, today announced the expanded use of fuel cell power plants to include the Westin Hotel brand with the inaugural installation to consist of a 500 kilowatt (kW) Direct FuelCell(R) (DFC(R)) power plant at The Westin San Francisco Airport Hotel location.
The 500 kW DFC power plant for The Westin San Francisco Airport Hotel will supply base load power for the 390-room hotel while the heat byproduct will be used to heat the hotel's indoor pool.
"Starwood's expansion of its fuel cell energy program into the Westin brand exemplifies the company's commitment to the most efficient, ultra-clean and reliable onsite base load power generation," said R. Daniel Brdar, President and COO of FuelCell Energy, Inc. "Starwood, an innovative corporate leader who has recognized the value of fuel cells through repeat purchases at multiple locations is demonstrating that our DFC products are advancing from the early adoption phase to more mainstream application."
Once the Westin hotel unit is installed and operating, Starwood will be generating 2.75 MW of ultra-clean power for five of its U.S. hotels in California, New Jersey and New York. The first unit was installed in 2002 at the Sheraton in Edison, NJ. Westin is the upper-upscale brand of Starwood Hotels & Resorts, with 121 hotels globally in approximately 31 countries and territories.
"Our use of fuel cells at Sheraton hotels has successfully reduced our energy costs while offering us quality power with strong environmental benefits, and we are eager to begin applying this formula to our Westin and other brand hotels," said John Lembo, Director of Energy for Starwood. "With DFC installations at hotels on both coasts of the U.S., we are fulfilling our pledge to be the best business neighbors with a commitment to helping our environment while providing the highest quality of service to our guests."
Starwood was recently named as the Number 1 company in Buildings Magazine's 2005 'A' List due to its green initiatives, which resulted from the installation of DFC power plants at four other hotel properties in the U.S.
"This kind of growth and development is exciting as FuelCell Energy sitings continue to pick up momentum in California," said James Michael, President of Alliance Power. "Each new project further cements our relationship with Starwood and shows how this kind of technology can make a difference to the environment and is repeatable at other locations."
The DFC power plant at the hotel will be installed and operated by Alliance Star Energy, a joint venture between FuelCell Energy and Alliance Power.
Pacific Gas and Electric, administrator for CPUC's Self-Generation Incentive Program for their service territory, is expected to issue a reservation letter of up to $1.25 million for The Westin San Francisco Airport Hotel installation.
The State of California continues to lead the way in supporting fuel cell technology by providing financial and regulatory support. Fuel cell energy is categorized as an "ultra-clean and low-emission distributed technology, which produces zero emissions during operation or produces emissions that are equal to or less than limits established by the California Air Resources Board.
FuelCell Energy is seeing increased interest for its ultra-clean DFC power plants by customers such as Starwood that are demanding clean, efficient and reliable onsite power generation. This is more pronounced in markets where high electrical costs, strict emissions controls, grid constraints and other characteristics require a clean, efficient distributed generation solution. The key attributes of the company's DFC power plants include: favorable emissions profile (and resulting less restrictive permitting requirements), lower operating and maintenance costs (due to higher fuel efficiency and remote monitoring), and improved reliability (having power generation located at the customer's site). The company is having success in developing repeatable business in geographical markets such as California that offer sufficient funding to make the pricing of the company's DFC power plants more competitive with the local cost of electricity and cogeneration.
About Westin Hotels & Resorts Worldwide, Inc.
Westin Hotels & Resorts, with 121 hotels and resorts in 31 countries and territories, is owned by Starwood Hotels & Resorts Worldwide, Inc. and was ranked "Highest in Guest Satisfaction Among Upscale Hotels Chains." in the J.D. Power and Associates' 2004 North America Hotel Guest Satisfaction Study(SM) and voted Best Domestic Hotel Chain by Global Traveler Magazine. Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with approximately 750 properties in more than 80 countries and 120,000 employees at its owned and managed properties. With internationally renowned brands, Starwood(R) corporation is a fully integrated owner, operator and franchisor of hotels and resorts including: St. Regis(R), The Luxury Collection(R), Sheraton(R), Westin(R), Four Points(R) by Sheraton, and W(R), Hotels and Resorts as well as Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com.
About FuelCell Energy
FuelCell Energy develops and markets ultra-clean power plants that generate electricity with up to twice the efficiency of conventional fossil fuel plants and with virtually no air pollution. Fuel cells produce base load electricity where commercial and industrial customers face cost, reliability, security or environmental issues with their existing energy supplies. Emerging state, federal and international regulations to reduce harmful greenhouse gas emissions consider fuel cell power plants in the same environmentally friendly category as wind and solar energy sources -- with the added advantages of running 24 hours a day and the capacity to be installed where wind turbines or solar panels often cannot. Headquartered in Danbury, Conn., FuelCell Energy services over 40 power plant sites around the globe that have generated more than 78 million kilowatt hours, and conducts R&D on next-generation fuel cell technologies to meet the world's ever-increasing demand for ultra-clean distributed energy. For more information on the Company, its products and its worldwide commercial distribution alliances, please see www.fuelcellenergy.com.
Direct FuelCell, DFC and DFC/Turbine are registered trademarks of FuelCell Energy, Inc. All other trademarks are the property of their respective owners. The Company's sub-megawatt DFC fuel cell power plant is a collaborative effort combining its Direct FuelCell technology with a Hot Module(R) balance of plant design from MTU CFC Solutions, GmbH, a subsidiary of DaimlerChrysler.
This news release contains forward-looking statements, including statements regarding the Company's plans and expectations regarding the development and commercialization of its fuel cell technology. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, the risk that commercial field trials of the Company's products will not occur when anticipated, general risks associated with product development, manufacturing, changes in the utility regulatory environment, potential volatility of energy prices, rapid technological change, and competition, as well as other risks set forth in the Company's filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based.
SOURCE: FuelCell Energy, Inc.
Media and Investment Community: FuelCell Energy, Inc. Steven P. Eschbach, 203-825-6000 seschbach@fce.com or Media: Starwood Hotels & Resorts Mark Ricci, 914-640-8496 Mark.Ricci@starwoodhotels
HISC---Homeland Integrated Security Systems, Inc. Receives Initial Payment From Pro.Sec on $5.5 Million Purchase Order
10/5/05
HOMELAND INTEGRATED SEC SYS Quick Quote: HISC 0.06 (Even)
ASHEVILLE, NC, Oct 05, 2005 (MARKET WIRE via COMTEX) --
Homeland Integrated Security Systems, Inc. (OTC: HISC) announced today that it has received its deposit from Pro.Sec for the purchase of its first demo unit. The blanket purchase order from Pro.Sec, a Middle Eastern security company, is for 200 trace detection units at a retail price of $29,900 per unit. The order translates to over $5.5 Million for the hardware.
The $5.5 Million order for the Cyber Noze Division Trace Detection unit is in addition to the $2.5 Million purchase order Homeland Integrated Security Systems received from Pro.Sec for 5000 Cyber Trackers.
The Cyber Noze Division will begin to fulfill the Pro.Sec blanket purchase order upon the Company's receipt of its export license from the US Government.
Lebanese General Pierre HADJI Georgiou will be speaking at the Homeland Integrated Security Systems, Inc. shareholder meeting, which is to be held in Atlanta on October 20-21, 2005. General Georgiou will be addressing Homeland Security needs in the Middle East. Registered shareholders can secure their place at the shareholder's meeting by logging on to www.hissusa.com, and clicking on Shareholder's Meeting.
General Georgiou is the President of Pro.Sec, a leading Middle Eastern security company. Pro.Sec has recently entered into an agreement with Homeland Integrated Security Systems to purchase over $8 Million of Homeland Integrated Security Systems' products that they intend to incorporate into the security systems to protect commercial buildings and government installations.
About Homeland Integrated Security Systems
Homeland Integrated Security Systems owns proprietary technology and has the rights to use patents to some of the most innovative and sophisticated security products. Among the key target markets are the 361 commercial seaports in the U.S. which are vulnerable to criminal penetration. The company is now accepting pre-orders for the Cyber Tracker at www.hissusa.com.
For more information please visit our Web site www.hissusa.com or contact Matt Maguire 1-866 THE APPL(E).
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. Homeland Integrated Security Systems, Inc. is a development-stage company that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
Contact: Matt Maguire 1-866 THE APPL
SNRN--1.07---Emerging Stock Report: Independent Oil Co. gets Government Endorsement
10/4/05
SONORAN ENERGY INC Quick Quote: SNRN 1.07 (+0.20)
Oct 04, 2005 (M2 PRESSWIRE via COMTEX) --
The Emerging Stock Report is following Sonoran Energy, Inc. (OTCBB:SNRN) which had an increase today of 16% based on announcements that the Company has finalized the terms of a Production Sharing Agreement (PSA) with the Natural Resources Authority (NRA) of the Hashemite Kingdom of Jordan The terms of the PSA for the exploration and development of the Azraq Block have been endorsed by the Jordanian Government Cabinet.
SNRNE is an oil and gas company that is building a diversified portfolio of high-value oil and gas assets in North Africa, the Middle East, the Caspian region and North America. For the FY ended 04/30/05, revenues increased 78% to $519K. Net loss decreased 54% to $7.4M.
"The Azraq Block lies in a proven oil play fairway that some consider to be vastly under explored, particularly with respect to modern exploration and development techniques. Sonoran Energy's mapping of re-processed 2D seismic data has revealed the presence of additional structures and potential new plays within the Block. This, combined with Jordan's favorable fiscal terms, low cost base and the presence of a ready and expanding market, indicates a very good opportunity to enhance oil production from this block Ian Birrell The Emerging Stock Report will continue scanning the markets for true emerging growth opportunities that will show subscribers optimal entry points. If you are interested in receiving more information on emerging stocks feel free to sign up for our complimentary subscription to the #1 online investment resource for sector specific research www.emergingstockreport.com
MRKL---Markland Technologies, Inc. Subsidiary, EOIR Technologies, Awarded Contract by U.S. Army's National Ground Intelligence Center
10/4/05
MARKLAND TECHNOLOGIES Quick Quote: MRKL 0.04 (+0.00)
BOSTON, Oct 4, 2005 (PRIMEZONE via COMTEX) --
Markland Technologies, Inc. (OTCBB:MRKL) and Technest Holdings, Inc. (OTCBB:TCNH), defense and homeland security companies transforming advanced laboratory technology into real-world products, announced today that subsidiary EOIR Technologies Inc. has been awarded a contract by the U.S. Army National Ground Intelligence Center (NGIC) to provide technical services to the Measurement and Signatures Division. Dr. Joe Mackin, President of Technest Holdings, made the announcement.
The award is a competitive follow-on for EOIR, who will continue to provide support in the areas of signature collections, computational modeling, CAD modeling, sensor data processing, sensor integration, and software development.
As part of the Department of Defense Intelligence Production Program, NGIC collects, models, processes and analyzes scientific and technical intelligence products in the area of Measurement and Signature Intelligence (MASINT) of rotor (helicopters), ground systems (tanks, rocket launchers, armored personnel carriers, light trucks, etc.), and munitions (rocket propelled grenades, mortars, etc.).
EOIR Technologies, Inc. has been providing innovative sensor engineering products and services to customers within the Department of Defense for nearly twenty five years.
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured company on HomelandDefenseStocks.com; additional details can be viewed at http://www.homelanddefensestocks.com/Companies/MarklandTech. For more information about the company and its products, please visit the Markland home page at http://www.marklandtech.com.
About Technest Holdings, Inc.
Technest Holdings, Inc. (OTCBB:TCNH), is a provider of intelligent surveillance and advanced 3D imaging technology solutions to the defense and homeland security marketplaces. Technest is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. Technest's solutions support military, law enforcement and homeland security personnel. Through strategic development, Technest focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields.
"Forward-Looking Statements"
Investors are cautioned that certain statements contained in this press release as well as some statements in periodic press releases and some oral statements of Markland Technologies officers and directors during presentations about Markland Technologies, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: a reduction in order rates from the Army's Night Vision and Electronic Surveillance Directorate, insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies by the marketplace, and; disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Markland Technologies, its products, economic and market factors and the industries in which Markland Technologies does business, among other things. These statements are not guarantees of future performance and Markland Technologies has no specific intention to update these statements. More detailed information about those factors is contained in Markland Technologies filings with the Securities and Exchange Commission. http://www.sec.gov
Markland Technologies, Inc. is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Markland compensates the provider.
For full details, click here: www.HomelandDefenseStocks.com/Companies/MarklandTech/NewsReleases.asp
The ECON Investor Relations Inc. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1799
More information on Homeland Security issues, including news releases, events and experts available for comment, can be found on the Homeland Security Newsline at www.primezone.com/hs
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Markland Technologies, Inc.
Technest Holdings Diane Moulton (203) 894-9700 markland@marklandtech.com
(C) 2005 PRIMEZONE, All rights reserved.
UPDA is upppppppppppp!!! News
HOD .41
LOD .35
UPDA news:
Universal Property Development Subsidiary to Initiate Oil and Gas Production at Its Palo Pinto County Regular Field
Oct 4, 2005 9:53:00 AM
HOUSTON, Oct. 4 /PRNewswire-FirstCall/ -- Canyon Creek Oil & Gas Inc. (A Joint Venture of Universal Property Development and Acquisition Corporation (OTC Bulletin Board: UPDA) and USProduction & Exploration, LLC, a privately held Company) has expanded its well revitalization program on a fast pace and will soon initiate oil and natural gas production at its Palo Pinto County Regular Field consisting of 614 acres with 28 wells completed in the Strawn formation in Northern Texas.
Canyon Creek has scheduled a field meeting this week with the Railroad Commission of Texas to perform the required testing on four of its permitted injector wells. Canyon Creek will then implement water flood procedures to recover a significant amount of oil remaining in place. Once the testing is completed, the Company can begin oil and natural gas production from the wells.
"Our plans include injecting about a thousand barrels of water per day to maximize the effects of water flooding", says Canyon Creek President, Donald Orr. "We are excited about this field because of the number of producing wells and the relatively low lifting cost to produce the oil at 1,200 feet. Once the water flooding procedures take effect, we could exceed 1500 barrels of oil per month and 3,000 mcfgpm of casinghead gas."
"Once these wells are brought on-line, it is projected that Canyon Creek will be selling nearly 5000 mcf of natural gas per month from only half of its current portfolio," added Chris McCauley, Universal Vice President. "This is in addition to the oil that will be sold to Sunoco at a dollar over their posted price. This revitalization program is well ahead of schedule and producing revenues far exceeding our original estimates."
Canyon Creek Oil & Gas Inc. was formed in July 2005 as a joint venture corporation for the purpose of acquiring currently producing oil and gas properties, low risk drilling prospects and existing wells in need of state-of-the-art technology to improve profitability. Canyon Creek Oil and Gas Inc. now has over 60 wells located on more than 2,000 acres in the Fort Worth basin with several more under consideration.
About Universal Property Development
Universal Property Development and Acquisition Corporation (OTC Bulletin Board: UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
About USPX
USProduction & Exploration, LLC. (http://www.uspx.com), an independent production and exploration company located in Sugar Land, Texas, is engaged in the acquisition of oil and gas producing properties with multiple enhancement opportunities. USPX seeks high quality exploration drilling projects in conventional and unconventional reservoirs. The Company's approach to developing apparently depleted oil and unconventional natural gas reservoirs is innovative: it combines horizontal and multilateral with under balanced drilling methods.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.
SOURCE Universal Property Development and Acquisition Corporation
----------------------------------------------
Universal Property Development and Acquisition Corporation
+1-561-868-2071
SNRN---Flying---HOD 1.04
HOD 1.04
LOD .87
Owwwww congrats to holders!!
O
NLST--1.25--National Storm Management Inc. Reconfirms Intention to Trade on the OTC Bulletin Board
10/4/05
NATL STORM MGMT INC Quick Quote: NLST 1.25 (Even)
GLEN ELLYN, Ill., Oct 04, 2005 (BUSINESS WIRE) --
National Storm Management, Inc. Inc. (Pink sheet:NLST), reconfirms that Management and its Advisors are pursuing with vigor all the requirements to get the company trading on the OTC Bulletin Board (www.otcbb.com) as soon as possible. This process should take between 60 to 90 days from the time the 15-2c-11 is filed.
CEO Terry Keifer stated "With the business growing rapidly and the acquisition of Abelard Construction Company proceeding well, shareholders will stand to benefit a great deal by the enhanced credibility and wider exposure that an OTCBB listing will bring to National Storm Management. Abelard is expected to provide positive synergies to the strategy being formulated for the company to be recognized as a major player in the rebuilding requirements caused by Hurricane Katrina. Rebuilding estimates have been recently projected to range up to $62 billion and the company is well qualified and capable to play an important role in this tremendous opportunity for many years to come."
National Storm Management is an expanding national construction company specialized in storm restoration management that work closely with affiliates in seven states. The affiliates are: ABC Exteriors (Illinois), Pinnacle Roofing (Orlando, Vero Beach & West Palm Beach, Florida), MSM Builders and Remodelers (Missouri), MSM Builders & Remodelers (Minnesota), First Class Builders (Maryland), Pinnacle Roofing (Mississippi), and First Class Roofing and Siding (Ohio). The company and its affiliates are recognized by all major insurance companies such as State Farm, Allstate, Farmers and many others for storm related claims. The Company is also a member of the National Roofing Contractors Association (NRCA) and the Better Business Bureau.
Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
SOURCE: National Storm Management, Inc.
National Storm Management, Inc. Mark V. Noffe, 630-469-7663 www.nationalstorm.net
Copyright Business Wire 2005
QuickTrade---
Previous post---pertain to discussion here---???
PM me if I am "off course" here---certainly no expert on this subject--willing to learn!!
Happy trading today!!
O
UQM---4.07--UQM Technologies Receives $600,000 Department of Energy Contract to Develop a 5 Kilowatt Modular Inverter
10/4/05
UQM TECHNOLOGIES INC Quick Quote: UQM 4.07 (Even)
UQM Technologies Receives $600,000 Department of Energy Contract to Develop a 5 Kilowatt Modular Inverter
10/4/05
FREDERICK, Colo., Oct 04, 2005 /PRNewswire-FirstCall via COMTEX/ --
UQM Technologies, Inc. (Amex: UQM), a developer of alternative energy technologies, announced today that it has received a $600,000 Phase II contract from the U.S. Department of Energy to develop a 5 kW modular inverter under the Small Business Innovation Research Program. The project is expected to span a two year period.
Power electronic inverters are used to convert direct current (DC) output of power generation equipment such as engine generators, wind turbines, solar panels, microturbines and fuel cells to 110/220 volt alternating current (AC). Many household and commercial products run on 110/220 volt AC currently delivered from the power transmission grid to electrical outlets in homes and commercial buildings. Numerous commercial and industrial vehicles, such as ambulances and trouble-trucks currently have inverters onboard to power accessories and equipment and several on-road, off-road and military vehicle manufacturers plan to offer AC power availability onboard certain vehicle models to power a variety of accessories.
"We are pleased that the Department of Energy has chosen to provide follow-on funding for the continuing development of the inverter design we conceptualized in the Phase I effort. We expect to develop a household sized inverter capable of accommodating voltage inputs of 36 volts to 360 volts that is small, low cost and highly efficient. Our approach will be to overcome limitations of currently available electronic inverters, including being difficult to install and use, lacking plug and play capability, being less efficient and bulky, and having operating limitations in those applications where input voltages vary across a broad range. This work applies to many applications, including hybrid electric vehicles," said Jon Lutz, UQM Technologies' Director of Engineering.
"The inconvenience and expense of interruptions in grid-based electrical service for extended periods of time has been experienced by millions of people and thousands of businesses in the wake of hurricanes Katrina and Rita. Power electronic inverters are a key component in substantially all remote and standby electric power systems and we expect that market demand for these systems will increase over time as customers adopt reliable, stand-alone solutions to their electric power needs. As a result of this expanding market opportunity, we expect to accelerate the commercialization of this product currently under development as well as our power dense and highly efficient generator systems in the power generation market," said William G. Rankin, UQM Technologies, Inc. President and Chief Executive Officer.
UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including propulsion systems for electric, hybrid electric and fuel cell electric vehicles, 42-volt under-the-hood power accessories and other vehicle auxiliaries and distributed power generation applications. The Company's headquarters, engineering and product development center, and motor manufacturing operation are located in Frederick, Colorado. For more information on the Company, please visit its worldwide website at www.uqm.com.
This press release contains statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements appear in a number of places in this press release and include statements regarding our plans, beliefs or current expectations, including those plans, beliefs and expectations of our officers and directors with respect to, among other things the development of markets for our products. Important Risk Factors that could cause actual results to differ from those contained in the forward- looking statements are contained in our Form 10-Q filed August 3, 2005, which is available through our website at www.uqm.com or at www.sec.gov.
SOURCE UQM Technologies, Inc.
John Baldiserra of BPC Financial Marketing, +1-800-368-1217, for UQM Technologies, Inc.; or Donald A. French of UQM Technologies, Inc., +1-303-278-2002 http://www.prnewswire.com
MRKL--.03--EOIR Technologies Inc. Awarded New Support Contract by US Army's National Ground Intelligence Center; Contract Has Potential Value of $3.1M in Revenue
10/4/05
MARKLAND TECHNOLOGIES Quick Quote: MRKL 0.03 (Even)
BOSTON, Oct 04, 2005 (BUSINESS WIRE) --
Markland Technologies, Inc. (OTC BB:MRKL.OB) and Technest Holdings, Inc. (OTC BB:TCNH.OB), defense and homeland security companies transforming advanced laboratory technology into real-world products, announced today that subsidiary EOIR Technologies Inc. has been awarded a contract by the US Army National Ground Intelligence Center (NGIC) to provide technical services to the Measurement and Signatures Division. Dr. Joe Mackin, President of Technest Holdings, made the announcement.
The award is a competitive follow-on for EOIR, who will continue to provide support in the areas of signature collections, computational modeling, CAD modeling, sensor data processing, sensor integration, and software development.
As part of the Department of Defense Intelligence Production Program, NGIC collects, models, processes and analyzes scientific and technical intelligence products in the area of Measurement and Signature Intelligence (MASINT) of rotor (helicopters), ground systems (tanks, rocket launchers, armored personnel carriers, light trucks, etc.), and munitions (rocket propelled grenades, mortars, etc.).
EOIR Technologies, Inc. has been providing innovative sensor engineering products and services to customers within the Department of Defense for nearly twenty five years.
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured Company on HomelandDefenseStocks.com; additional details can be viewed at http://www.homelanddefensestocks.com/Companies/MarklandTech. For more information about the Company and its products, please visit the Markland home page at http://www.marklandtech.com.
About Technest Holdings, Inc.
Technest Holdings, Inc. (OTC BB:TCNH.OB), is a provider of intelligent surveillance and advanced 3D imaging technology solutions to the defense and homeland security marketplaces. Technest is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. Technest's solutions support military, law enforcement and homeland security personnel. Through strategic development, Technest focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields.
"Forward-Looking Statements"
Investors are cautioned that certain statements contained in this press release as well as some statements in periodic press releases and some oral statements of Markland Technologies officers and directors during presentations about Markland Technologies, are ``forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the ``Act''). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as ``expects,'' ``anticipates,'' ``intends,'' ``plans,'' ``believes,'' ``estimates,'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: a reduction in order rates from the Army's Night Vision and Electronic Surveillance Directorate, insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies by the marketplace, and; disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Markland Technologies, its products, economic and market factors and the industries in which Markland Technologies does business, among other things. These statements are not guarantees of future performance and Markland Technologies has no specific intention to update these statements. More detailed information about those factors is contained in Markland Technologies filings with the Securities and Exchange Commission. http://www.sec.gov
Markland Technologies, Inc. is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Markland compensates the provider.
For full details, click here: www.HomelandDefenseStocks.com.com/Companies/MarklandTech/NewsReleases. asp (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
SOURCE: Markland Technologies, Inc.
Technest Holdings Diane Moulton, 203-894-9700 markland@marklandtech.com
Copyright Business Wire 2005
ENEI--Ener1 Names CEO for Lithium Battery Business
10/4/05
ENER1 INC Quick Quote: ENEI 0.50 (Even)
Industry Veteran to Lead EnerDel Into Hybrid Electric Vehicle Battery and Other Key Markets
FORT LAUDERDALE, Fla., Oct 04, 2005 /PRNewswire-FirstCall via COMTEX/ --
Ener1, Inc. (OTC Bulletin Board: ENEI) announced today that Ulrik Grape has joined its EnerDel battery subsidiary as its Chief Executive Officer.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040825/FLW010LOGO )
EnerDel expects to immediately benefit from Mr. Grape's more than 18 years of relevant experience in senior management, business development, manufacturing and finance. Previously, Mr. Grape spent 10 years with Danionics A/S, an international lithium battery company headquartered in Denmark, where he was Sales and Marketing Director and Vice President U.S. At Danionics, he successfully secured major contracts for its lithium-ion polymer rechargeable battery product line and developed strong customer relationships with leading U.S. portable electronic product manufacturers.
Kevin Fitzgerald, Chief Executive Officer of Ener1, commented, "Ulrik's appointment as EnerDel's CEO is excellent timing for us on two critical counts. First, we believe that his track record in the lithium-ion battery industry will provide EnerDel with invaluable competitive advantages that will enable EnerDel to take the lead in technology and marketing for supplying the U.S. hybrid electric vehicle (HEV) industry with next-generation battery power sources. We are convinced that the success Ulrik demonstrated in his previous battery industry posts will give EnerDel a clear insight and advantage in serving the needs of the U.S. HEV marketplace. Secondly, Ulrik's prior experience as a key member of a management team that successfully conducted an initial public offering will be invaluable to EnerDel."
On September 6, 2005, Ener1 announced its proposed plan to spin-off the common stock of EnerDel and the other operating subsidiaries in its alternative energy business divisions, eventually making them stand-alone companies, the spin-offs being subject to Ener1's ability to obtain any necessary regulatory approvals and raise capital to fund the operations of the new public companies.
Mr. Grape added, "I am gratified by the confidence Ener1 and its board of directors has placed in my abilities to lead and position EnerDel in the marketplace. We are now at a critical juncture in the history of EnerDel's lithium-ion battery technology, manufacturing processes, and market penetration. I believe that we are poised for tremendous growth. I look forward to assembling a world-class management team that will get the job done, taking EnerDel to the next level within the lithium-ion battery industry."
Grape has also held senior executive positions in other competitive, international industries, including the airline and construction equipment industries. These include positions as Managing Director for Volund A/S, a privately held Danish industrial group manufacturing mobile access platforms and other structures and Associate at Trap & Kornum A/S, a mergers and acquisition firm operating in the Scandinavian market. Mr. Grape earned a Bachelor's degree in International Politics and Affairs from Georgetown University and a Masters of Business Administration degree from French business school INSEAD.
About Ener1, Inc.
Ener1, Inc (OTC Bulletin Board: ENEI) is an alternative energy technology company. The company's interests include: 80.5% of EnerDel (www.enerdel.com), a lithium battery company in which Delphi Corp. owns 19.5%; 49% of Enerstruct, a Japanese lithium battery technology company in which Ener1's strategic investor ITOCHU owns 51 %; wholly owned subsidiary EnerFuel, a fuel cell testing and component company (www.enerfuel.com); and wholly owned subsidiary NanoEner, which develops nanotechnology-based materials and manufacturing processes for batteries and other applications (www.nanoener.com). For more information, visit http://www.ener1.com.
Safe Harbor Statement
This release contains for
ASYS--5.89--Amtech Systems Inc. Receives $1.2 Million in Orders from Solar Cell Customers in China and Germany Resulting in a $14 Million Backlog
10/4/05
AMTECH SYSTEMS INC Quick Quote: ASYS 5.89 (Even)
TEMPE, Ariz., Oct 04, 2005 (BUSINESS WIRE) --
Amtech Systems, Inc. (Nasdaq:ASYS), a global supplier of production and automation systems and related supplies for the semiconductor, silicon wafer, solar cell and microelectromechanical system (MEMS) industries, today announced two new orders for its Tempress brand diffusion furnaces totaling $1.2 million. The orders are from a customer that produces solar cells in China and a German research institute. As a result of these orders our backlog is approximately $14 million.
The furnace for the German research institute will be designed for POCL3 deposition and plasma deposition on some of the largest (150 mm by 300 mm and 210 mm square) silicon wafers used in the development of solar cells. These wafer sizes are twice as large as the prevailing 150 mm square wafers used in most of our solar fabrication equipment sold prior to this order. The purpose of developing solar cells using larger wafers is to reduce the cost of manufacture. We expect to ship this new order in the second quarter of fiscal 2006.
J.S. Whang, the Company's President and CEO, stated, "We are very proud to be selected by this prominent research institute as their equipment supplier for developing potentially leading-edge solar cell manufacturing processes and for production by a solar cell manufacturer in China. The significance of our equipment being chosen for the development of new solar cell processes could have a meaningful impact on future orders from the solar industry. We are pleased with the recognition our company continues to receive from the rapidly growing solar cell and Chinese markets."
Amtech Systems, Inc. manufactures capital equipment, including silicon wafer handling automation, thermal semiconductor processing equipment and related consumables used in fabricating semiconductor devices. Semiconductors, or semiconductor chips, are fabricated on silicon wafer substrates, sliced from ingots, and are part of the circuitry, or electronic components, of many products including computers, telecommunications devices, automotive products, consumer goods, industrial automation and control systems. The Company's semiconductor handling, thermal processing and consumable products currently address the polishing of newly sliced silicon wafers and reclaimed test wafers and the oxidation and deposition steps used in the fabrication of semiconductors, MEMS and solar cells.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Amtech Systems, Inc.) contains statements that are forward-looking. Such forward looking information involves a number of known and unknown risks and uncertainties that could cause actual results to differ materially from those discussed or anticipated by management. Potential risks and uncertainties include, among other factors, industry specific and general business conditions, competitive market conditions, success of Amtech's growth and sales strategies, the possibility of customer changes in delivery schedules, cancellation of orders or other commitments, potential delays in product shipments, delays in obtaining inventory parts from suppliers, failure to satisfy customer acceptance requirements, changes in foreign currency exchange rates, which can result in transaction gains or losses and may affect the translation of the results of our foreign operations, difficulties in collecting receivables and the effects of Staff Accounting Bulletin No. 104, "Revenue Recognition in Financial Statements," issued by the Securities and Exchange Commission.
SOURCE: Amtech Systems, Inc.
Amtech Systems, Inc. Robert T. Hass, 480-967-5146
CRAY--.96---Hoff and Associates Will Offer Cray XD1 Supercomputers to Clients Engaged in Compute-Intensive Engineering
10/4/2005
CRAY INC Quick Quote: CRAY 0.96 (Even)
High-Performance Systems Will Help Clients Accelerate Their
Development Cycles and Improve Product Quality
SEATTLE, WA, Oct 04, 2005 (MARKET WIRE via COMTEX) --
Global supercomputer leader Cray Inc. (NASDAQ: CRAY) today announced that engineering solutions consultancy Hoff and Associates will offer Cray XD1(TM) supercomputers to its computer-aided engineering (CAE) clients as part of the company's comprehensive solutions portfolio. The Cray XD1 architecture is designed to accelerate engineering and other high-performance computing (HPC) applications that require peak performance to quickly solve complex problems.
"The Cray XD1 supercomputer's superior performance and scalability, and its cost effective processor packaging, make it an ideal addition to our engineering systems offerings," said Hoff and Associates President Curtis Hoff. "Our extensive experience in all aspects of CAE will enable us to custom-configure the system to fit our clients' specific requirements, speeding their product development cycles and enhancing design quality."
"We are delighted to be working with respected advanced engineering solutions provider Hoff and Associates to bring the Cray XD1 system to the broader CAE community," said Himanshu Misra, CAE business manager at Cray. "Their in-depth knowledge of CAE applications, the underlying computational models, and the link between application performance and system design ensures that users will get the most from their CAE investment. The partnership between Cray and Hoff and Associates will provide CAE users with a powerful solution that delivers superior application performance, whether the application needs tens or hundreds of processors."
About the Cray XD1 Supercomputer
The Cray XD1 supercomputer combines direct-connect system architecture, HPC-optimized Linux, management and reconfigurable computing technologies to deliver industry-leading performance on real-world applications. Purpose-built for demanding HPC applications such as computational chemistry, environmental forecasting and CAE, the Cray XD1 system lets users simulate, analyze and solve complex problems more quickly and accurately. The x86-based Cray XD1 system supports a broad range of 32- and 64-bit HPC applications on AMD Opteron single- or dual-core processors. The system also provides application acceleration capabilities using field-programmable gate array (FPGA) technology directly connected to the Cray XD1 compute environment.
About Hoff and Associates
Founded in 1990, Hoff and Associates delivers comprehensive engineering solutions to clients in the aerospace, automotive, semiconductor, medical, marine and plastics industries. Using sophisticated design, modeling and analysis tools, and offering custom-tailored HPC systems, the company specializes in helping clients enhance their product development efforts, including validation, physical testing and finite element analysis. Hoff and Associates' staff includes experts in CAE analysis, mechanical design, product development, manufacturing, dimension management and program management. Go to www.hoff.com for more information.
About Cray Inc.
As the global leader in HPC, Cray provides innovative supercomputing systems that enable scientists and engineers in government, industry and academia to meet both existing and future computational challenges. Building on years of experience in designing, developing, marketing and servicing the world's most advanced supercomputers, Cray offers a comprehensive portfolio of HPC systems that deliver unrivaled sustained performance on a wide range of applications. Go to www.cray.com for more information.
Safe Harbor Statement
Cray is a registered trademark, and Cray XD1 is a trademark, of Cray Inc. AMD, AMD Opteron and combinations thereof are trademarks of Advanced Micro Devices, Inc. All other trademarks are the property of their respective owners.
Media: Melissa Power 401/454-1314 Contact via
TNOG---02----Titan Oil and Gas, Inc.: Titan hits high pressure zone in Kosciusko drilling
Titan Oil and Gas, Inc. Quick Quote: TNOG 0.02 (Even)
SAN ANTONIO, TX, Oct 04, 2005 (M2 PRESSWIRE via COMTEX) --
Titan Oil and Gas, Inc. (TNOG:OTC) is pleased to provide an update on its Kosciusko # 1 Well drilling operations.
Titan Operations Manager Pete Maupin reports from the site: "Work continues on the well. We are experiencing high pressure flow right now which we will attempt to control with 2 loads of heavy brine being trucked in from Alice, Texas."
Maupin further comments: "High pressure is generally a good sign in a formation as it can signify high potential production rates."
Titan CEO Kent Jacobson remarks: "We are happy to encounter high pressures as drilling operations continue. Mr. Maupin's observation on the significance of this will be of interest to our shareholders. We will continue to issue updates as operations progress toward conclusion."
About Titan Oil and Gas, Inc. - Titan is an energy company engaged in oil and gas development, drilling and production. Titan follows a conservative business model, redeveloping oil and gas fields with a history of production, while expanding into exploration and development of new properties.
Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Titan Oil and Gas, Inc.) contains statements that are forward looking, such as statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts.
These forward looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.
CONTACT: Investor Hotline Tel: +1 503 618 0370 Tel: +1 888 601 9983 e-mail: info@titanoilandgas.com WWW: http://www.titanoilandgas.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2005 M2 COMMUNICATIONS
QOIL--.67---Quest Oil Closes $8 Million Milestone Financing
10/4/05
QUEST OIL CORPORATION Quick Quote: QOIL 0.67 (Even)
Quest Oil Closes $8 Million Milestone Financing
10/4/05
HOUSTON, Oct 4, 2005 (PRIMEZONE via COMTEX) --
Quest Oil Corporation (OTCBB:QOIL) is pleased announce it has closed an $8 million private placement of Series "B" convertible debentures (the "Debentures"). The Debentures, which are convertible in nature, contain a feature that provides the Company with the ability to make interest and principal payments in cash as opposed to common stock. Midtown Partners & Co., LLC acted as the Company's placement agent.
The terms of the funding include the sale of $8,000,000 of Series B Convertible Debentures that mature 24 months from the date of issuance. The Debentures pay 10% interest on an annual basis and are convertible, at the option of the holder, into Quest common stock at $0.40 per share common share (the "Fixed Conversion Price"). Approximately, $6,000,000 from the sale of the Debentures is being released at the closing, and the balance will be released upon the effectiveness of a registration statement registering common shares underlying the Debentures.
The Debentures contain an amortization schedule such that Quest will be required to make payments on the Debentures, equal to 1/20th of the face value of the Debenture, plus accrued interest, beginning on the fifth (5th) month after the date of issuance. As mentioned above, interest and principal payments may be paid in cash or registered common stock. If Quest elects to make a payment in registered common stock, the payment amount will be made in common stock based on a price equal to 90% of the average of the closing prices for Quest's common stock for the ten (10) days before a payment is due (the "Market Price"). If the Quest provides notice that it intends to make an interest and principal payment in cash, the Debenture holders will be forced to accept cash and surrender the redeemed portion of the respective Debenture or convert that portion of the Debenture (including interest) into common stock at the Market Price.
The Debenture holders shall be issued three (3) separate warrants. The Series A Warrant gives the holder the right to purchase, for two years, 100% of Quest common shares underlying the Debenture at $.80 per share. The Series B Warrant gives the holder the right to purchase, for two years from the effective date of a registration statement, a number of Quest common shares equal to 50% of the number of common shares underlying the debenture, at $.46 per share. The Series C Warrant has a 7-year term and has an exercise price of $.56 per share, but may only be exercised by a Debenture holder who has exercised an equal number of Series B Warrants.
Quest has the right to force the Series A warrant holders to exercise their warrants if Quest's stock price exceeds $1.60 per share. Quest has the right to force the Series B warrant holders to exercise their warrants if Quest's stock price exceeds $.56 per share. The Debenture holders also are restricted or gated in terms of the number of shares underlying the Debenture that they may convert.
The documents related to the financing, along with additional information related to this financing transaction, are available in the Company's Form 8-K which was recently filed with the United States Securities and Exchange Commission and which may be accessed by logging onto www.sec.gov.
Cameron King, Quest Oil's President and CEO stated, "In May of this year, Quest entered into its first significant financing, raising approximately $750,000. Since that time, the Company has made significant progress executing our business plan, while at the same time achieving substantial common share appreciation. While there can be no guaranty about our future (operationally or in terms of our share price), our management team believes that this milestone financing will take us that much further down the road towards creating and maximizing shareholder value. With the cash from this financing, the Company can now accelerate its development programs on our Alberta natural gas properties, including Acadia North and Empress, by scheduling a ten (10) well drill program. We expect to implement this program over the next six months. In addition, the Company can now expand its current land holdings and reserves by implementing a more aggressive acquisition strategy by focusing on more advanced and larger reserve properties. We look forward to updating our shareholders about our existing and prospective projects as events unfold during this exciting time in the oil and gas business."
ABOUT QUEST OIL CORPORATION
The Company is committed to the exploration and development of economical oil and natural gas reserves throughout North America. Quest management is focused on an acquisition program targeting high quality and low risk prospects. Initially Quest is focused on the development of North American oil and gas resources allowing highly leveraged production opportunities in Alberta and Texas, through its 100% owned subsidiaries Quest Canada Corp., Wallstin Petroleum LLC and PetroStar Oil Service, Inc.
ON BEHALF OF THE BOARD
Quest Oil Corporation. "Cameron King" Cameron King MBA -- President and CEO
To find out more about Quest Oil Corporation (OTCBB:QOIL), visit our website at www.questoil.com.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Quest Oil
Quest Oil Corporation Investor Information: Mr. Darren Hayes Corporate Development (866) 264-7668
QOIL----.67--WOW--Quest Oil Closes $8 Million Milestone Financing
10/4/05
HOUSTON, Oct 4, 2005 (PRIMEZONE via COMTEX) --
Quest Oil Corporation (OTCBB:QOIL) is pleased announce it has closed an $8 million private placement of Series "B" convertible debentures (the "Debentures"). The Debentures, which are convertible in nature, contain a feature that provides the Company with the ability to make interest and principal payments in cash as opposed to common stock. Midtown Partners & Co., LLC acted as the Company's placement agent.
The terms of the funding include the sale of $8,000,000 of Series B Convertible Debentures that mature 24 months from the date of issuance. The Debentures pay 10% interest on an annual basis and are convertible, at the option of the holder, into Quest common stock at $0.40 per share common share (the "Fixed Conversion Price"). Approximately, $6,000,000 from the sale of the Debentures is being released at the closing, and the balance will be released upon the effectiveness of a registration statement registering common shares underlying the Debentures.
The Debentures contain an amortization schedule such that Quest will be required to make payments on the Debentures, equal to 1/20th of the face value of the Debenture, plus accrued interest, beginning on the fifth (5th) month after the date of issuance. As mentioned above, interest and principal payments may be paid in cash or registered common stock. If Quest elects to make a payment in registered common stock, the payment amount will be made in common stock based on a price equal to 90% of the average of the closing prices for Quest's common stock for the ten (10) days before a payment is due (the "Market Price"). If the Quest provides notice that it intends to make an interest and principal payment in cash, the Debenture holders will be forced to accept cash and surrender the redeemed portion of the respective Debenture or convert that portion of the Debenture (including interest) into common stock at the Market Price.
The Debenture holders shall be issued three (3) separate warrants. The Series A Warrant gives the holder the right to purchase, for two years, 100% of Quest common shares underlying the Debenture at $.80 per share. The Series B Warrant gives the holder the right to purchase, for two years from the effective date of a registration statement, a number of Quest common shares equal to 50% of the number of common shares underlying the debenture, at $.46 per share. The Series C Warrant has a 7-year term and has an exercise price of $.56 per share, but may only be exercised by a Debenture holder who has exercised an equal number of Series B Warrants.
Quest has the right to force the Series A warrant holders to exercise their warrants if Quest's stock price exceeds $1.60 per share. Quest has the right to force the Series B warrant holders to exercise their warrants if Quest's stock price exceeds $.56 per share. The Debenture holders also are restricted or gated in terms of the number of shares underlying the Debenture that they may convert.
The documents related to the financing, along with additional information related to this financing transaction, are available in the Company's Form 8-K which was recently filed with the United States Securities and Exchange Commission and which may be accessed by logging onto www.sec.gov.
Cameron King, Quest Oil's President and CEO stated, "In May of this year, Quest entered into its first significant financing, raising approximately $750,000. Since that time, the Company has made significant progress executing our business plan, while at the same time achieving substantial common share appreciation. While there can be no guaranty about our future (operationally or in terms of our share price), our management team believes that this milestone financing will take us that much further down the road towards creating and maximizing shareholder value. With the cash from this financing, the Company can now accelerate its development programs on our Alberta natural gas properties, including Acadia North and Empress, by scheduling a ten (10) well drill program. We expect to implement this program over the next six months. In addition, the Company can now expand its current land holdings and reserves by implementing a more aggressive acquisition strategy by focusing on more advanced and larger reserve properties. We look forward to updating our shareholders about our existing and prospective projects as events unfold during this exciting time in the oil and gas business."
ABOUT QUEST OIL CORPORATION
The Company is committed to the exploration and development of economical oil and natural gas reserves throughout North America. Quest management is focused on an acquisition program targeting high quality and low risk prospects. Initially Quest is focused on the development of North American oil and gas resources allowing highly leveraged production opportunities in Alberta and Texas, through its 100% owned subsidiaries Quest Canada Corp., Wallstin Petroleum LLC and PetroStar Oil Service, Inc.
ON BEHALF OF THE BOARD ---NEWS
Quest Oil Corporation. "Cameron King" Cameron King MBA -- President and CEO
To find out more about Quest Oil Corporation (OTCBB:QOIL), visit our website at www.questoil.com.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Quest Oil
Quest Oil Corporation Investor Information: Mr. Darren Hayes Corporate Development (866) 264-7668
(
QUEST OIL CORPORATION Quick Quote: QOIL 0.67 (Even)
QUEST OIL CORPORATION Quick Quote: QOIL 0.67 (Even)
Quest Oil Closes $8 Million Milestone Financing
10/4/05
HOUSTON, Oct 4, 2005 (PRIMEZONE via COMTEX) --
Quest Oil Corporation (OTCBB:QOIL) is pleased announce it has closed an $8 million private placement of Series "B" convertible debentures (the "Debentures"). The Debentures, which are convertible in nature, contain a feature that provides the Company with the ability to make interest and principal payments in cash as opposed to common stock. Midtown Partners & Co., LLC acted as the Company's placement agent.
The terms of the funding include the sale of $8,000,000 of Series B Convertible Debentures that mature 24 months from the date of issuance. The Debentures pay 10% interest on an annual basis and are convertible, at the option of the holder, into Quest common stock at $0.40 per share common share (the "Fixed Conversion Price"). Approximately, $6,000,000 from the sale of the Debentures is being released at the closing, and the balance will be released upon the effectiveness of a registration statement registering common shares underlying the Debentures.
The Debentures contain an amortization schedule such that Quest will be required to make payments on the Debentures, equal to 1/20th of the face value of the Debenture, plus accrued interest, beginning on the fifth (5th) month after the date of issuance. As mentioned above, interest and principal payments may be paid in cash or registered common stock. If Quest elects to make a payment in registered common stock, the payment amount will be made in common stock based on a price equal to 90% of the average of the closing prices for Quest's common stock for the ten (10) days before a payment is due (the "Market Price"). If the Quest provides notice that it intends to make an interest and principal payment in cash, the Debenture holders will be forced to accept cash and surrender the redeemed portion of the respective Debenture or convert that portion of the Debenture (including interest) into common stock at the Market Price.
The Debenture holders shall be issued three (3) separate warrants. The Series A Warrant gives the holder the right to purchase, for two years, 100% of Quest common shares underlying the Debenture at $.80 per share. The Series B Warrant gives the holder the right to purchase, for two years from the effective date of a registration statement, a number of Quest common shares equal to 50% of the number of common shares underlying the debenture, at $.46 per share. The Series C Warrant has a 7-year term and has an exercise price of $.56 per share, but may only be exercised by a Debenture holder who has exercised an equal number of Series B Warrants.
Quest has the right to force the Series A warrant holders to exercise their warrants if Quest's stock price exceeds $1.60 per share. Quest has the right to force the Series B warrant holders to exercise their warrants if Quest's stock price exceeds $.56 per share. The Debenture holders also are restricted or gated in terms of the number of shares underlying the Debenture that they may convert.
The documents related to the financing, along with additional information related to this financing transaction, are available in the Company's Form 8-K which was recently filed with the United States Securities and Exchange Commission and which may be accessed by logging onto www.sec.gov.
Cameron King, Quest Oil's President and CEO stated, "In May of this year, Quest entered into its first significant financing, raising approximately $750,000. Since that time, the Company has made significant progress executing our business plan, while at the same time achieving substantial common share appreciation. While there can be no guaranty about our future (operationally or in terms of our share price), our management team believes that this milestone financing will take us that much further down the road towards creating and maximizing shareholder value. With the cash from this financing, the Company can now accelerate its development programs on our Alberta natural gas properties, including Acadia North and Empress, by scheduling a ten (10) well drill program. We expect to implement this program over the next six months. In addition, the Company can now expand its current land holdings and reserves by implementing a more aggressive acquisition strategy by focusing on more advanced and larger reserve properties. We look forward to updating our shareholders about our existing and prospective projects as events unfold during this exciting time in the oil and gas business."
ABOUT QUEST OIL CORPORATION
The Company is committed to the exploration and development of economical oil and natural gas reserves throughout North America. Quest management is focused on an acquisition program targeting high quality and low risk prospects. Initially Quest is focused on the development of North American oil and gas resources allowing highly leveraged production opportunities in Alberta and Texas, through its 100% owned subsidiaries Quest Canada Corp., Wallstin Petroleum LLC and PetroStar Oil Service, Inc.
ON BEHALF OF THE BOARD
Quest Oil Corporation. "Cameron King" Cameron King MBA -- President and CEO
To find out more about Quest Oil Corporation (OTCBB:QOIL), visit our website at www.questoil.com.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Quest Oil
Quest Oil Corporation Investor Information: Mr. Darren Hayes Corporate Development (866) 264-7668
(
HOUSTON, Oct 4, 2005 (PRIMEZONE via COMTEX) --
Quest Oil Corporation (OTCBB:QOIL) is pleased announce it has closed an $8 million private placement of Series "B" convertible debentures (the "Debentures"). The Debentures, which are convertible in nature, contain a feature that provides the Company with the ability to make interest and principal payments in cash as opposed to common stock. Midtown Partners & Co., LLC acted as the Company's placement agent.
The terms of the funding include the sale of $8,000,000 of Series B Convertible Debentures that mature 24 months from the date of issuance. The Debentures pay 10% interest on an annual basis and are convertible, at the option of the holder, into Quest common stock at $0.40 per share common share (the "Fixed Conversion Price"). Approximately, $6,000,000 from the sale of the Debentures is being released at the closing, and the balance will be released upon the effectiveness of a registration statement registering common shares underlying the Debentures.
The Debentures contain an amortization schedule such that Quest will be required to make payments on the Debentures, equal to 1/20th of the face value of the Debenture, plus accrued interest, beginning on the fifth (5th) month after the date of issuance. As mentioned above, interest and principal payments may be paid in cash or registered common stock. If Quest elects to make a payment in registered common stock, the payment amount will be made in common stock based on a price equal to 90% of the average of the closing prices for Quest's common stock for the ten (10) days before a payment is due (the "Market Price"). If the Quest provides notice that it intends to make an interest and principal payment in cash, the Debenture holders will be forced to accept cash and surrender the redeemed portion of the respective Debenture or convert that portion of the Debenture (including interest) into common stock at the Market Price.
The Debenture holders shall be issued three (3) separate warrants. The Series A Warrant gives the holder the right to purchase, for two years, 100% of Quest common shares underlying the Debenture at $.80 per share. The Series B Warrant gives the holder the right to purchase, for two years from the effective date of a registration statement, a number of Quest common shares equal to 50% of the number of common shares underlying the debenture, at $.46 per share. The Series C Warrant has a 7-year term and has an exercise price of $.56 per share, but may only be exercised by a Debenture holder who has exercised an equal number of Series B Warrants.
Quest has the right to force the Series A warrant holders to exercise their warrants if Quest's stock price exceeds $1.60 per share. Quest has the right to force the Series B warrant holders to exercise their warrants if Quest's stock price exceeds $.56 per share. The Debenture holders also are restricted or gated in terms of the number of shares underlying the Debenture that they may convert.
The documents related to the financing, along with additional information related to this financing transaction, are available in the Company's Form 8-K which was recently filed with the United States Securities and Exchange Commission and which may be accessed by logging onto www.sec.gov.
Cameron King, Quest Oil's President and CEO stated, "In May of this year, Quest entered into its first significant financing, raising approximately $750,000. Since that time, the Company has made significant progress executing our business plan, while at the same time achieving substantial common share appreciation. While there can be no guaranty about our future (operationally or in terms of our share price), our management team believes that this milestone financing will take us that much further down the road towards creating and maximizing shareholder value. With the cash from this financing, the Company can now accelerate its development programs on our Alberta natural gas properties, including Acadia North and Empress, by scheduling a ten (10) well drill program. We expect to implement this program over the next six months. In addition, the Company can now expand its current land holdings and reserves by implementing a more aggressive acquisition strategy by focusing on more advanced and larger reserve properties. We look forward to updating our shareholders about our existing and prospective projects as events unfold during this exciting time in the oil and gas business."
ABOUT QUEST OIL CORPORATION
The Company is committed to the exploration and development of economical oil and natural gas reserves throughout North America. Quest management is focused on an acquisition program targeting high quality and low risk prospects. Initially Quest is focused on the development of North American oil and gas resources allowing highly leveraged production opportunities in Alberta and Texas, through its 100% owned subsidiaries Quest Canada Corp., Wallstin Petroleum LLC and PetroStar Oil Service, Inc.
ON BEHALF OF THE BOARD
Quest Oil Corporation. "Cameron King" Cameron King MBA -- President and CEO
To find out more about Quest Oil Corporation (OTCBB:QOIL), visit our website at www.questoil.com.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Quest Oil
Quest Oil Corporation Investor Information: Mr. Darren Hayes Corporate Development (866) 264-7668
(
Mugur---LFWK
Tradeon---Stock Picks MW that I just posted the link for-- recommended this to the Board a couple of weeks ago. He
remarked on it today---likes it---says chart looks good
and ready for another UP!!!
Nite!!
O
Stock picks---
http://www.marketwatch.com/discussions/msgIndex.asp?siteId=mktw&parentId=2&forumId=6&boa...
Tradeon on there has some very shrewd picks!!! UPDA that he recommended did very well today!! T comes up with some very different $$$$ picks!!
This is a board that we all were on and aborted to start another on MW. T has taken an interest in the grand lady--and started posting on there again!!! You might want to check it out!!!
Nite all---early newz for O!! I am Ohio on there--lol
O
Starboy---Stocks
What we watching for tomorrow??? AMEP showed off today!!
Now we will work on some O the others!!!!
Later,
O
Steve---SNS's
Thanks---happy it brought a chuckle to you two!!! Give
Cyndi my regards!!!
LOL
;)
O
Stock Analyzer---PBLS
OH WOW!! We will be your slave for a longggggggg time--S/A--
just deliver----LOL---then so will we---allllll---promise!!!
;)
O