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DCU has pulled back to the $2.70's. They announced a licensing deal with Whirlpool earlier this month. Stock went up to about $3.50 on the news. DCU will receive a $350K license fee plus a royalty on each dryer sold. Not a low P/E, but this seems like an exciting development for this little company.
DRYCLEAN USA, Inc. Enters into an Agreement with Whirlpool Corporation
Tuesday January 4, 9:01 am ET
DRYCLEAN USA's Patent Technology to Be Used in New Home Appliance
MIAMI--(BUSINESS WIRE)--Jan. 4, 2005--DRYCLEAN USA, Inc. (AMEX:DCU - News) today announced it has signed an exclusive license agreement with Whirlpool Corporation of Benton Harbor, Michigan (NYSE:WHR - News), licensing the use of DRYCLEAN USA's patent technology on home appliances.
The agreement calls for Whirlpool to pay a one-time licensing fee and royalties during the three year period following the introduction of Whirlpool manufactured products using the innovative new technology. After this period Whirlpool will retain a non-exclusive license and DRYCLEAN USA is free to license its technology to other manufacturers.
The agreement represents a culmination of ongoing technical cooperation between DRYCLEAN USA and Whirlpool with the goal of improving at-home garment drying and refreshing.
DRYCLEAN USA will retain the rights to market retrofit kits, designed to upgrade existing home laundry appliances.
Venerando J. Indelicato, Chief Financial Officer of DRYCLEAN USA, stated that, "this agreement could provide the Company with significant financial returns over the life of this license agreement and thereafter." He continued, " We believe our technology, which has already proven successful in commercial laundry machines, should outperform other devices presently on the market."
DRYCLEAN USA, Inc. through its subsidiaries is one of the nation's leading distributors of industrial laundry, dry cleaning machines and steam boilers. Its subsidiary, DRYCLEAN USA License Corp, is one of the largest franchise and license operations in the dry cleaning industry, currently consisting of over 400 franchised and license stores in the United States, the Caribbean and Latin America.
This press release contains certain information that is subject to a number of known and unknown risks and uncertainties that may cause actual results and trends to differ materially from those expressed or implied by the forward-looking statements. Information concerning such factors are discussed in Company reports filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
DRYCLEAN USA. Inc., Miami
Michael Steiner, 305-754-4551
or
Venerando Indelicato, 813-814-0722
--------------------------------------------------------------------------------
Source: DRYCLEAN USA. Inc.
Thanks MSGI. Good call by Rawnoc. Listening to the CC right now. Management seems pretty upbeat. Sounds like Q1 and Q2 revenues will be even stronger than Q4! Overall lousy market conditions may keep a lid on it short-term, but I think SCLD could see $3-$4 in a few months.
Len, re CTIG
Here's an excerpt from the Q2 earnings PR last August:
The Company reported a net loss of approximately $430 thousand or two cents a share in the second quarter 2004 compared to a net loss of approximately $13 thousand or zero cents a share in the second quarter 2003. The increased loss in the second quarter was primarily attributable to increased legal costs associated with patent enforcement activities.
Commenting on the results, Brad Houlberg, President and CEO, stated, "We are encouraged by the continued increase in revenues for the year. The five consecutive quarterly increases in revenues when compared to the similar periods in the prior years are indicative of the Company gaining momentum. Although we incurred greater patent enforcement costs in the second quarter, we believe those efforts will yield favorable results in subsequent quarters."
Anyone still following SCLD? Looks like a big Q4 turnaround with earnings of about .05/share (before nonrecurring charge) on strong revenue increase. Any idea if these numbers are sustainable or if the bottom line could improve further? CC starts at 11am EST.
wade, re SWTX earnings
Tough to say. The company was in trouble in early 2004...delisting from Nasdaq, CFO change, Needham financing, etc. The Q4 numbers weren't released until 4/15/04. I think they'll be out in March this year. Maybe February if they're really on the ball (and the numbers are really good!).
wade, re PIHC
I guess I don't see dilution as a concern here. The balance sheet is ok. I've seen growing, profitable companies with MUCH weaker balance sheets that didn't require any dilution.
PIHC secured an expanded credit line in October. That, plus increased profits in the coming quarters, should be more than enough to fund operations.
Pioneer Behavioral Health Announces Expanded Credit Line
Wednesday October 20, 9:16 am ET
CapitalSource Finance LLC to Provide $3.5 Million Credit Facility
PEABODY, Mass., Oct. 20 /PRNewswire-FirstCall/ -- PHC, Inc., d.b.a. Pioneer Behavioral Health (OTC Bulletin Board: PIHC - News), a leading provider of inpatient and outpatient behavioral health services and pharmaceutical research, today announced it has secured an expanded line of credit, secured with its accounts receivables, totaling $3.5 million. The line of credit is provided by CapitalSource Finance LLC, and replaces Pioneer's former bank.
Bruce A. Shear, Pioneer Behavioral Health's President and Chief Executive Officer, commented, "This new, expanded line of credit will provide the additional working capital to allow us to achieve our previously announced revenue growth strategy, including the recently announced expansion of our subsidiary, Detroit Behavioral Institute, Inc. at the Detroit Medical Center. As a specialty lender with a focus on healthcare, CapitalSource Finance is a proven partner in debt and equity financings, and we look forward to a mutually productive relationship going forward."
About CapitalSource
CapitalSource is a specialized commercial finance company offering asset-based, senior, cash flow and mezzanine financing to small and mid-sized borrowers through three focused lending groups: Corporate Finance, Healthcare Finance and Structured Finance. By offering a broad array of financial products, CapitalSource had outstanding more than $4.7 billion in loan commitments as of June 30, 2004. For more information visit www.CapitalSource.com.
About Pioneer Behavioral Health
Pioneer Behavioral Health operates companies that provide inpatient and outpatient behavioral health care services, clinical research and Internet- and telephonic-based referral services. The companies contract with national insurance companies, government payors, and major transportation and gaming companies, among others, to provide such services. For more information, please visit www.phc-inc.com or www.haydenir.com.
Statement under the Private Securities Litigation Reform Act of 1995: This press release may include "forward-looking statements" that are subject to risks and uncertainties. Forward-looking statements include information about possible or assumed future results of the operations or the performance of the company and its future plans and objectives. Various future events or factors may cause the actual results to vary materially from those expressed in any forward-looking statements made in this press release. For a discussion of these factors and risks, see the company's annual report on Form 10-KSB for the most recently ended fiscal year.
Company Contact:
PHC, Inc.
Bruce A. Shear
978-536-2777
Investor Relations Contact:
Hayden Communications, Inc.
Matthew Hayden
843-272-4653
--------------------------------------------------------------------------------
Source: Pioneer Behavioral Health
CTIG.OB had some news tonight. New web-based product launched. Should boost revenues (and hopefully earnings). Probably won't move the stock, but a positive development. Profitable company trading at .36, with .27/share in cash. CTIG has gotten some billion dollar companies to pay for their patents, and they're going after others. Think the stock could see a run over .50 in the coming months.
CTI Group Launches SmartBill Connect
Wednesday January 12, 5:54 pm ET
INDIANAPOLIS--(BUSINESS WIRE)--Jan. 12, 2005--CTI Group (Holdings) Inc. (OTCBB:CTIG - News), an international provider of billing management and transaction analysis software, has launched SmartBill® Connect - a web-based invoice management solution for service providers and enterprises. SmartBill® Connect enables interactive invoice management, analysis and reporting empowering enterprise customers to manage their telecommunications environment through 360 degree visibility into their business communications expenditures.
CTI President and CEO Brad Houlberg states, "We are extremely excited about introducing the innovative SmartBill® Connect platform to the Service Provider community. SmartBill® Connect offers the Service Provider a truly compelling and differentiating product that provides them the opportunity for increased revenue through new customer acquisition and customer retention while offering them the benefit of significantly reducing invoicing costs."
SmartBill® Connect offers Service Providers a full range of eBusiness capabilities that build upon their existing investments in technology - preserving the full functionality of current systems - while allowing them to service and support future customer growth. SmartBill® Connect integrates with provider's evolving online eBusiness strategy and provides enterprise customers with customized access to their provider's eBusiness portal. The SmartBill® Connect architecture ensures rapid integration without compromising availability, performance, security, scalability, or language conversion.
According to Adrian Burt, Senior Vice President of Sales and Marketing for CTI, "SmartBill® Connect gives the Service Provider the ability to transform the process of billing presentment and usage analysis from a loss leader to profit center."
Mr. Burt will formally introduce the SmartBill® Connect and Proteus(TM) product suites at SmartSummit, CTI's annual product exposition to be held February 22-24, 2005 in Orlando, FL. For additional information regarding SmartSummit as well as SmartBill® Connect and Proteus(TM), visit www.smartsummit.biz.
CTI Group is headquartered in Indianapolis, IN and maintains a European office in London. For more information, please visit CTI Group's website at www.ctigroup.com.
Safe Harbor Statement This press release contains "forward-looking" statements. Forward-looking statements include, but are not limited to statements of assumptions underlying other statements and statements about the Company and its business relating to the future; and any statements using the words "could", "should", "anticipate", "expect", "may", "project", "intend" "will" or similar expressions. The Company's ability to predict projected results or the effect of events on the Company's operating results is inherently uncertain. Forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those discussed in this document. In addition to information provided elsewhere in this document, shareholders should consider the following: the risk that the Company will not be able to attract and retain customers to purchase its products, the risk that the Company will not be able to commercialize and market products; results of research and development; technological advances by third parties; competition; future capital needs of the Company; history of operating losses; dependence upon key personnel and general economic and business conditions. Readers are referred to documents filed by CTI Group with the U.S. Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
CTI Group (Holdings) Inc., Indianapolis
Todd Rockey, 317-262-4666
--------------------------------------------------------------------------------
Source: CTI Group (Holdings) Inc.
Rainman, re HQSM
Thanks for the post, but I'm not sure how you can say the August acquisition didn't play a role in the large increase in the numbers last quarter? It is clearly mentioned in both the earnings PR and the 10Q.
From earnings PR:
"Revenues for the quarter increased by $3,930,302, or 105%, to $7,665,287 from $3,734,985 in the corresponding period of 2003. The increase was attributed to HQSM's acquisition of Sealink, the sole owner of Hainan Jiahua Marine Bio-Products Co., Ltd. ("Jiahua Marine"), in August 2004 and the resulting inclusion of Sealink's revenues as part of the quarterly results. Also contributing to the rise in revenue was the increase in HQ's production activity following the re-opening of its reconstructed and expanded processing plant."
The question seems to be be how much of the increase was from the acquisition and how much from the plant re-opening. Can't find the answer to that. Even if most was from acquisition, that didn't occur until a few weeks into the quarter...so current quarter should include a full 3 months of operations. So Q4 could be better than Q3 if there's no seasonality.
Thanks yield for posting that article. Astonishing to see the ignorance that exists out there. The person who asked the question said he hasn't seen any change in the fundamentals? How can you miss an earnings release???
Then the "expert" basically says every OTC:BB stock is risky junk that should be avoided. The undervalued company with growing revenues and profits is apparently lumped in with the POS with no revenues, negative earnings, and billions of shares O/S. OTC:BB and pink sheets...apparently the same thing. Instead, go find a nice bloated large cap. Stick with those because there's plenty available! haha
I guess that just means there will be more people to discover the world of value microcaps in the years ahead. :)
Rainman, I guess I'm still confused. I assume you're talking trailing 12-months. CGNW is not profitable on that basis due to a large 1-time loss in the quarter ended March 2004. I can understand why you would want to wait and see 4 profitable quarters in a row, but you're also going to miss most of the turnaround plays. I've been disappointed by CGNW twice, so am not that confident they can continue to earn .02+/share per quarter. But IF they can, stock should more than double from here.
Since you rely on annual profitability, I'm surprised to see your glowing recommendation of HQSM. Besides the usual concerns regarding the reliability of the financials of a Chinese operation, this one has additional questions. Without the 1-time gain, they earned .012/share last quarter. The huge increase in revenues and earnings was due to an acquisition. Hard to tell if these numbers are sustainable. What about seasonality? I would imagine there would be a slowdown in the winter quarters.
There are already 77M shares O/S. According to the last 10Q, there was a note that was to convert into another 15.7M shares plus 100,000 preferred shares in November. What are the terms of the preferred? Sounds like there will be at least 92M shares O/S now. Could be a candidate for a reverse split.
NOTE 8 - SUBSEQUENT EVENTS (Convertible Note)
In connection with the acquisition of Jiahua Marine Bio Products, the Company
issued a note payable to the seller in the amount of $11,111,345. The note,
dated August 17, 2004, was renegotiated and is convertible into 15,730,493
shares of common stock and 100,000 shares of preferred stock of the Company. In
addition, all accrued interest will be paid through the date of the conversion.
The conversion is expected to occur on or about November 14, 2004.
Rainman, CGNW earned .027/share last quarter. That's not profitable?
FORD should report fiscal Q1 earnings next week. They had a strong Q4 and were bullish on the first 2 quarters of the new fiscal year. Of course, the CEO of this company always seems to be optimistic. But they should have a favorable comp. Hopefully earnings of .08-.10/share vs. .03/share last year. Solid balance sheet with .70/share in cash. Low float mania has died down, but could still get a pop.
PIHC.OB down to 1.33 X 1.34. Added a few more. Earned .043/share in Q1 vs. breakeven. Revenues up 30%. Comments from management were very bullish. Should have a favorable Q2 comp coming up in a few weeks. Think they could earn .05/share vs. breakeven on 25% revenue growth.
Interesting spread on CTIG.OB. Sitting at .359 X .3591. Company has an excellent balance sheet with .27/share in cash. Strong results last quarter. Aided by $600K in patent and enforcement revenue, but there was also $416K in costs for that segment. Earnings still probably would have been .01/share from the other operations. And the patent/enforcement division also recognized revenues in Q1 and Q2...so it doesn't appear to be a 1-time thing.
wade, re SVLF
I remember looking at the earnings report in November. Not a fan of time share stocks, but this company has pretty good numbers. As you said, lack of growth seems to be the problem. Q3 revenues increased 8% last quarter, with earnings of .10/share vs. .09/share (before 1-time gain) the prior year. Also some seasonality to the business, with upcoming Q4 being the weakest quarter of the year.
From 10K:
Our sales are seasonal in nature.
Our sales of Vacation Intervals have generally been lower in the months of November and December. Cash flow and earnings may be impacted by the timing of development, the completion of future resorts, and the potential impact of weather or other conditions in the regions where we operate. Our quarterly operating results could be negatively impacted by these factors.
It looks like Q4 is usually a small loss, although a $1.3M gain in October should pad the numbers. Annual earnings comp will look good, and the stock could get a pop. But I doubt it'll be much considering the minimal growth on both the top and bottom lines.
researcher, I'm actually a little suprised WSTF did so well today after a big pop on Friday. A lot of the low floaters seem to have come back to earth in 2005 (and rightfully so). Wish I had shorted NGPS instead of ANTP. Down about 50% in a week!
WSTF closed at $6.47, near the high of the day! Yeehaw!! Can't believe this one sat in the low $3's for months after such an impressive Q3 turnaround. Patience definitely required. Good thing, as it was pretty boring elsewhere today.
wade, re PIHC
I think we'll see strong revenue growth for the next several quarters. Did you read the 10/14/04 PR...about the new facility contributing $14M in annualized incremental revenue when fully operational? Yowsa! The only question for me is will the bottom line follow suit. I think it will. PIHC probably not a double in 2005, but I don't see much downside at these prices.
Pioneer Behavioral Health Announces Opening of First Phase of Expansion at the Detroit Medical Center
Thursday October 14, 2:27 pm ET
Management Expects Facility to Contribute to Revenue Growth in Second Fiscal Quarter
PEABODY, Mass., Oct. 14 /PRNewswire-FirstCall/ -- PHC, Inc., d.b.a. Pioneer Behavioral Health (OTC Bulletin Board: PIHC - News), a leading provider of inpatient and outpatient behavioral health services and pharmaceutical research today announced the opening of the first 30 beds at the Detroit Medical Center. The Company also received its Michigan state approval for the final 54 acute beds completing the necessary steps to open all 114 beds.
This represents the first 30 of 114 planned acute and long-term psychiatric beds at this leased facility. Alexander Luvall, who joined the Company during September as Executive Vice President, will oversee the facility and ensure a smooth commencement of operations.
Bruce A. Shear, Pioneer Behavioral Health's President and Chief Executive Officer, commented, "This announcement represents a milestone achievement for Pioneer, as we have dramatically expanded our inpatient capabilities and capacity in Wayne County with this cooperative lease agreement with the Detroit Medical Center. We will nearly double the number of beds we operate with minimal capital expenditure. In total we estimate capital expenditures of approximately $500,000 to expand the total of number of beds operated from 130 to 244. Once fully operational, we expect this facility to contribute $14 million in annualized incremental revenue, and we anticipate contributions during the Company's second fiscal quarter."
Mr. Shear commented, "These new facilities expand our abilities to meet the significant demand we are seeing for our services in Wayne County. More importantly, we are better positioned to serve the clinical needs of Wayne County residents by providing high quality psychiatric services while allowing our patients to stay close to their families throughout their treatment. We have hired and trained the staff, begun admitting patients, and we look forward to providing this important service to the citizens of Wayne County."
About Pioneer Behavioral Health
Pioneer Behavioral Health's core business provides inpatient and outpatient behavioral healthcare services. The company contracts with national insurance companies, major transportation and gaming companies to provide behavioral health services. Pioneer also owns and operates Wellplace.com, a leading Internet-based provider of behavioral health services to consumers and professionals, and Pivotal Research Centers, Inc. a Nationally recognized clinical research company. For more information, please visit our web site at www.phc-inc.com or www.haydenir.com.
This press release may include forward-looking statements that are subject to risks and uncertainties. Forward-looking statements include information about possible or assumed future results of the operations or the performance of the company and its future plans and objectives. Various future events or factors may cause the actual results to vary materially from those expressed in any forward-looking statements made in this press release. These factors and risks are discussed in the company's annual report on Form 10-KSB for the years ended June 30, 2003 and 2002, copies of which were filed with the Securities and Exchange Commission, and in our quarterly reports on Form 10-Q filed with the Securities and Exchange Commission since October 2003.
For further information please contact Bruce A. Shear of PHC, Inc., +1-978-536-2777; or Investors, Matthew Hayden of Hayden Communications, Inc., +1-843-272-4653.
--------------------------------------------------------------------------------
Source: Pioneer Behavioral Health
deathtotaxes, re WSTF EDAC
WSTF was looking strong at the open. Gapped up and quickly hit $5.93. Then faded and has been stuck in the high $4's. Think there is more upside to go. Without those 1-time charges, they would have earned about .30/share in Q4. They could earn .10-.15/share in Q1 and Q2, which should be very favorable comps vs. last year.
EDAC has perked up lately. Thought I might be able to accumulate around $1.50 before Q4 earnings in late March. They had an off quarter in Q3, but backlog was strong and the interest savings alone should add .05 to quarterly EPS. So I think Q4 earnings could come in at .05-.10/share.
I'm a big believer in diversification, so I usually don't buy too much of any one stock. If I think a stock is particularly undervalued (like SWTX, PDGE, MANC a few weeks ago), the stake could be 5-10% of my portfolio. But most stocks I own are 2% or less. Volume (or lack thereof) doesn't concern me as much as it does others on this board. But I will shy away from a large spread.
wade, re ERS WTRS
What will earnings look like in 2005? Good question! Hard enough trying to predict what these companies will do next quarter.
As for ERS, they earned a fully taxed .14/share last quarter. They should have a favorable Q4 comp coming up. Earnings have been rising steadily for the past few years...from .12/share in 2001, to .24/share to 2002, to .36/share in 2003, to probably almost .50/share in 2004. I'd guess they can do .60/share in 2005. Stock has perked up this week, but you may be able to get it on a dip to $4. Hard to find a consistent grower with a low P/E and a 4% dividend yield.
WTRS is a riskier play. According to the 8K filing last month, it looks like they would have earned $1/share last fiscal year including the recent acquisition. But that included some 1-time gains that amounted to $980K after tax. So earnings actually would have been more like .60. I'd wait for the stock to fall back a bit before buying. The winter quarters are seasonally slow for them. Comps should be favorable due to acquisition. They might be able to grow the bottom line 20-30% this fiscal year. More of a low float security play than a value microcap.
linuspop, looks like HCAR is up to $1.15 this morning. Nice move since the .70's. Still can't believe it was trading at a P/E below 1 net cash. Large insider buy was certainly encouraging. Still, I don't know how much upside remains considering the lack of growth.
bucfan, re WSTF
Looks like they earned .15/share in Q4 even after some charges. Without the charges of $1.7M and $900K, it seems earnings would have been closer to .30/share! Q4 is their seasonally strongest quarter, but that would have sent the stock flying tomorrow. Think it'll still get a decent pop on the .15/share number, although the PR is somewhat confusing.
OT--steve re ANTP
One of the strangest things I've ever seen. Stock rose from $5 to $50 the last 2 months after calling off a merger and then a resulting low float pump. Insiders and former merger partner were happy to unload at $10, but the stock kept going up. Bubble should have burst this week when they reported sequential declines in revenues, earnings, and backlog. Backlog is at its lowest point in years, most of which time the stock has traded under $5. Stock drops 20% yesterday, then quickly rebounds 20% today. Makes absolutely no sense to me!
This thing is insanely overpriced in the $40's. If they don't receive any new orders soon, they will report a loss in 3 months. Even if they do get a large multi-million dollar order, stock should trade at $10-$15 IMO. I've been trying all day to short more, but there are no shares available. Grrr...
Len, re PIHC
I wasn't talking trailing P/E. I don't think that is a good measure for turnaround plays. Most turnaround companies weren't doing so hot a few quarters ago. If you wait for a low trailing P/E, you will probably miss the boat as it will no longer be a turnaround.
I prefer annualized P/E's. As for PIHC, they earned .043/share in fiscal Q1. Multiply by 4, apply a P/E of 10, and that's where I came up with $1.72. I've found that this is a good way to measure turnaround plays (barring any seasonality). Too aggressive for some, but less so than the forward P/E.
I think PIHC will earn about .05/share in Q2 on revenue growth of 20%+. So the price target should be adjusted higher. Hopefully revenues/earnings will continue to grow...along with the stock price.
p.s. I must have missed that list of a bunch of stocks with P/E's of 6. That's based on the trailing 12-months with no 1-time gains? Any of them with decent top and bottom line growth?
nuts, re JLN
They should post some monster Q2 numbers next month. Fully-taxed earnings could be .50/share or higher. It's their seasonally strongest quarter, though. So I'll be looking to get out if there's a pop to $10.
Len, re PIHC
I don't know what to tell you about the sector. Psychology certainly not as exciting as some of the sexy tech companies out there. But considering the Nasdaq's performance in 2005...maybe that's a good thing! LOL
The loss 3 quarters ago was due to $947,500 in 1-time expenses. Excluding that, the company has been profitable for 15 consecutive quarters. The $947,500 expense was due to acquisition costs and a lawsuit payment. The acquisition of Pivotal Research Centers is why the boost in revenues/earnings during fiscal Q4 and Q1.
I always like to go to bigcharts or the company's homepage and read all the PR's for the past year. If you read everything on PIHC, it sounds like the numbers will continue to improve. In addition to this week's contract news, they also added a new VP and expanded their credit line in recent months. Plus they opened their first 30 beds at the Detroit Medical Center in October:
http://biz.yahoo.com/prnews/041014/lath091_1.html
PIHC will report fiscal Q2 earnings next month. They earned .043/share in Q1 vs. breakeven the prior year. Q1 revenues were up 30%. An annualized P/E of 10 would put the stock at $1.72, so I think it's already undervalued. Not a screaming bargain, but those aren't exactly plentiful these days.
If PIHC can post Q2 earnings of .05/share vs. breakeven on a 25% revenue jump, I think the stock could pop to the high $1's. There should be some positive comments on the conference call. The company could continue to grow organically and via acquisition for many quarters to come.
Added some PIHC.OB in the $1.30's. Hard to believe it's down after yesterday's positive PR. Company awarded $998K contract expansion. Have to like the statement about the favorable impact to fiscal Q2 revenues and earnings. Those numbers should be out in a few weeks. Sounds like they'll do even better than the .043/share they earned in Q1. Should be a very favorable comp vs. last year.
Pioneer Behavioral Health Awarded Expanded Contract With Detroit-Wayne County Community Mental Health Agency
Tuesday January 4, 8:31 am ET
Contract Expands Pioneer's Scope of Services and Presence for Michigan Residents
PEABODY, Mass., Jan. 4 /PRNewswire-FirstCall/ -- PHC, Inc., d.b.a. Pioneer Behavioral Health (OTC Bulletin Board: PIHC - News), a leading provider of inpatient and outpatient behavioral health services and pharmaceutical research, today announced its WellPlace Division has received a $998,000 expansion of the Company's contract with the Detroit-Wayne County (Michigan) Community Mental Health Agency, for the period from October 1, 2004 through September 30, 2005. As part of the agreement, Pioneer will offer additional services related to the previously-announced $1.8 million annual contract to provide 24-hour mental health information and referral services through both the telephone and Internet 365 days per year. Pioneer has provided services for the county since its original agreement was announced March 1, 2003 and this amendment and extension increases the Company's contract with Detroit-Wayne County to approximately $2.8 million per year. This will favorably impact the Company's revenues and earnings beginning during the second fiscal quarter (which began October 1, 2004).
Bruce A. Shear, Pioneer Behavioral Health's President and Chief Executive Officer, commented, "This contract further solidifies our relationship with Wayne County and we believe is a vote of confidence in Pioneer's ability to deliver high-quality, cost-effective services for the county's residents. We are pleased to have the opportunity to expand the scope of our services, as well as our presence to the public sector in Michigan and this county's 2.2 million residents. We will work diligently to further our mutually beneficial relationship with Detroit-Wayne County as we serve the mental health needs of their population."
Pioneer will be providing credentialing services for all mental health providers offering mental health treatment and services in Wayne County in an effort to expand coverage, coordinate benefits and care and improve access for mental health consumers. Pioneer will utilize standardized screening instruments designed to rapidly and consistently determine if an individual is eligible for specialty support services, care, and/or treatment, and further if the condition is emergent, urgent, routine or requires referral or linkage to external resources. The Company will then triage individuals who were deemed eligible, referring patients to community resources for further assessment and care. Individuals deemed not initially eligible for care will be referred to community resources for further action and assistance. The Company will utilize best practice guidelines consistent with Federal, State and agency standards.
About Pioneer Behavioral Health
Pioneer Behavioral Health's core business provides inpatient and outpatient behavioral healthcare services. The company contracts with national insurance companies, major transportation and gaming companies to provide behavioral health services. Pioneer's Pivotal Research division provides clinical research for leading pharmaceutical manufacturers. Pioneer also owns and operates Wellplace.com, a leading Internet-based provider of behavioral health services to consumers and professionals. For more information, please visit our web site at www.phc-inc.com or www.haydenir.com.
This press release may include forward-looking statements that are subject to risks and uncertainties. Forward-looking statements include information about possible or assumed future results of the operations or the performance of the company and its future plans and objectives. Various future events or factors may cause the actual results to vary materially from those expressed in any forward-looking statements made in this press release (or during this conference call). These factors and risks are discussed in the company's annual report on Form 10-KSB for the years ended June 30, 2003 and 2004, copies of which were filed with the Securities and Exchange Commission in September 2004.
For further information, please contact: Bruce A. Shear of PHC, Inc., +1-978-536-2777; or Investor Relations, Matthew Hayden of Hayden Communications, Inc., +1-843-272-4653, for PHC, Inc.
--------------------------------------------------------------------------------
Source: PHC, Inc.
OT--researcher, I use Waterhouse and there were no shares available today. It has been tough the past few days, but occasionally I'd get 100 here and there. Wish I could short more around $40. Still think this has a lot further to fall. Numbers next quarter will be really ugly unless they announce some large contracts soon.
OT--patent, researcher, len re ANTP
Just got on the computer and saw the earnings report. Yeehaw!! I shorted this one heavily over the past week. Was hoping others did the same. Tonight's numbers actually a little worse (better for me) than I expected. Q2 earnings dropped sequentially to .22/share from .38/share in Q1. And that .22/share apparently included the $100K from YDIW.
Q2 revenues of $3.3M was way down sequentially from the $4.3M revenues in Q1. And backlog has now dropped sequentially from $6.8M in Q4 to $5.1M in Q1 to $2.8M in Q2. I think this stock is headed back to $10, and even that would be generous considering they won't be profitable next quarter unless they announce some new contracts soon.
The thing that amazes me about this stock is that anyone who spent a few minutes reading the prior 10Q knew the large BAE contract was almost finished. And that with no new orders since August, backlog was going to be down. Stock never should have gone over $20, yet the daytraders pushed this thing all the way to the $50's!
When you see this kind of mania, you know you're close to a market top. Haven't shorted a stock in years, but couldn't pass up ANTP. Wish I had seen tonight's news earlier as I would have tried to short more AH. Even if it opens at $35 tomorrow, I still think this is a great short. I know it's not the focus of the board, but it's one of the better opportunities I've seen lately.
larry, re DCU
It looks like there was a news leak. Stock has already runup since $2 last week. Probably why it's not up more today. I bought a few and will add more on weakness. Not a traditional value microcap, but today's announcement with Whirlpool looks like huge news for a company with a $20M market cap.
JMIH.OB had an 8K filing this morning. Company is expanding its manufacturing and production capacity. Should help in converting the 6-month backlog into revenues. Despite the negative impact of the hurricanes last quarter, this company earned .01/share and management was upbeat about the coming months. Stock doesn't have much of a following yet.
From 8K:
Item 8.01 Other Events
On December 10, 2004 the Company entered into a Commercial Lease and
Purchase Option (the "Agreement") with 3333 Aventura Realty Corporation for the
lease and potential purchase of additional operating facilities. The Company has
entered into the Agreement in an effort to expand its manufacturing and
production capacity. Under the Agreement the Company has agreed to lease certain
property and facilities in Florida for a term of one year at $14,500 per month.
The facilities will provide the Company with approximately 50,000 square feet of
additional manufacturing and production space. The lease shall commence on the
earlier of the date the: (1) facilities are determined to meet all applicable
environmental and building code requirements ("Code Requirements") or (2)
Company takes possession of the facilities. The Company has agreed to contribute
one-third of the funds necessary to satisfy Code Requirements, which are
anticipated to be approximately $300,000. During the term of the lease the
Company has a right and option to purchase the facilities. If the Company
exercises such option, all funds contributed by the Company to satisfy Code
Compliance will be deducted from the purchase price.
PIHC.OB had some good news this morning. Awarded an additional $998K contract. PR said it would benefit revenues and earnings in fiscal Q2. Those numbers should be out in a few weeks. Company earned .043/share in Q1 vs. breakeven the prior year. Q1 revenues up 30%. Should have a couple of favorable comps coming up. Q2 earnings of .05/share could send the stock near $2.
DCU former value microcap could pop today on news that they licensed their technology to Whirlpool. Wish they could quantify the "significant financial returns".
DRYCLEAN USA, Inc. Enters into an Agreement with Whirlpool Corporation
Tuesday January 4, 9:01 am ET
DRYCLEAN USA's Patent Technology to Be Used in New Home Appliance
MIAMI--(BUSINESS WIRE)--Jan. 4, 2005--DRYCLEAN USA, Inc. (AMEX:DCU - News) today announced it has signed an exclusive license agreement with Whirlpool Corporation of Benton Harbor, Michigan (NYSE:WHR - News), licensing the use of DRYCLEAN USA's patent technology on home appliances.
The agreement calls for Whirlpool to pay a one-time licensing fee and royalties during the three year period following the introduction of Whirlpool manufactured products using the innovative new technology. After this period Whirlpool will retain a non-exclusive license and DRYCLEAN USA is free to license its technology to other manufacturers.
The agreement represents a culmination of ongoing technical cooperation between DRYCLEAN USA and Whirlpool with the goal of improving at-home garment drying and refreshing.
DRYCLEAN USA will retain the rights to market retrofit kits, designed to upgrade existing home laundry appliances.
Venerando J. Indelicato, Chief Financial Officer of DRYCLEAN USA, stated that, "this agreement could provide the Company with significant financial returns over the life of this license agreement and thereafter." He continued, " We believe our technology, which has already proven successful in commercial laundry machines, should outperform other devices presently on the market."
DRYCLEAN USA, Inc. through its subsidiaries is one of the nation's leading distributors of industrial laundry, dry cleaning machines and steam boilers. Its subsidiary, DRYCLEAN USA License Corp, is one of the largest franchise and license operations in the dry cleaning industry, currently consisting of over 400 franchised and license stores in the United States, the Caribbean and Latin America.
This press release contains certain information that is subject to a number of known and unknown risks and uncertainties that may cause actual results and trends to differ materially from those expressed or implied by the forward-looking statements. Information concerning such factors are discussed in Company reports filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
DRYCLEAN USA. Inc., Miami
Michael Steiner, 305-754-4551
or
Venerando Indelicato, 813-814-0722
--------------------------------------------------------------------------------
Source: DRYCLEAN USA. Inc.
MPAD.OB paying a .12/share dividend next month. Up from .05/share last year. From 8K just out:
Item 8.01: Other Events
On December 29, 2004, the Board of Directors of Micropac Industries,
Inc. approved the payment of a special dividend of $0.12 per share for
shareholders of record as of January 25, 2005. It is anticipated that this
dividend will be paid to the Company's shareholders on or about February 8,
2005.
Picked up some ERS around $4. Earned a fully taxed .14/share in Q3. Revenues up 15%. Should have a favorable Q4 comp coming up. Like the dividend yield of 4%.
stock peeker, re MANC
Wasn't able to enjoy today's move to the $11's as I sold out too soon (as usual). If ANTP can go to $50, who knows how high MANC can fly. But I bought a bunch at $6 not too long ago and was happy with the gains.
otc, re ENUIE
The 10Q came out last November as planned. Next thing should be the 10K at the end of March. That's why the "E" doesn't make any sense. Seems to be a mistake, yet it has not been corrected and the stock is at risk of being delisted in a couple weeks. I left a message with the company and never heard back. Didn't have a good feeling, so took the loss last week. Now I'm sure it will rocket to .60, but I'd be careful with this one.
deathtotaxes, re WSTF
Still think they should have a good earnings report out any day now. Since Q4 is their seasonally strongest quarter, I'm looking for earnings of around .15/share. In this frenzied environment, that could send the stock to $5 or higher. But WSTF is up about 30% in recent weeks, so I took a little off the table in the $4's.
Nice call, patent. WTRS now in the $10's! Yeehaw!! Still fairly cheap for a low float Nasdaq play. I wish you had pointed out that 8K filing from 12/13. Proforma EPS of $1/share (diluted) for the fiscal year ended 6/30/04. I would have been accumulating in the $7's for sure.
niles, re WTRS
I'm not sure what HPLC stands for? WTRS makes electric fencing. Stock shot from $7 to $12 last April during the security mania. In September, they put out this PR...
Waters Instruments Announces Zareba Perimeter Security System
WEDNESDAY, SEPTEMBER 22, 2004 3:30 PM
- BusinessWire
MINNEAPOLIS, Sep 22, 2004 (BUSINESS WIRE) -- Waters Instruments, Inc. (WTRS) today announced it has developed a new proprietary perimeter security system for its Zareba Systems division. The perimeter security system is designed to deter, detect, delay, assess and respond to intrusions or escapes in a wide range of applications. These applications include airports, oil refineries, remote utilities sites, high value storage sites, correctional facilities as well as other commercial or government buildings and locations.
Zareba Security customizes perimeter fence solutions that affordably meet each installation's security requirements. Products include the Guard Tower(TM) taut wire system, the ZAP Fence(TM) non-lethal electric fence (NLEF) system, along with integrated monitoring systems and control cabinets. Zareba's patent-pending Guard Tower(TM) system can detect breaches to within 10 feet of its location. It also provides the option to integrate closed circuit cameras, directing video footage of the breach point directly to a central monitoring system.
"With over 60 years of experience in the electric fence systems industry, we are positioned to take advantage of the security market's emerging opportunity," said President and Chief Executive Officer Jerry Grabowski. "The heightened awareness of the need for greater security, from government to commercial applications, presents exciting possibilities. We are also proud to design and manufacture our perimeter security products in the U.S.A."
The Company has over two years of research and development into the Guard Tower(TM) taut wire system and has negotiated a Cooperative Research and Development Agreement (CRADA) with the U. S. Army Corp of Engineers. Product orders will be accepted starting in January 2005. For more information on Zareba's security system products, visit www.zarebasecurity.com.
"Our continuing goal for Waters Instruments, Inc. is to focus on strategic opportunities, including the introduction of new products and expanding into new markets," said Grabowski. "Based on years of market and product research, we believe the expansion of our products into the perimeter security systems market is a strategy that will allow us to grow our Zareba Systems division sales."
Waters Instruments, Inc. is a customer-focused, market-driven provider of value-added technology solutions from two divisions - Zareba Systems and Waters Medical Systems. A Minnesota corporation since 1960, the company's corporate headquarters is located in Minneapolis, with manufacturing facilities in Rochester and Ellendale, Minn. The corporate web site is located at www.wtrs.com.
Certain statements in this press release are forward-looking statements, which involve a number of risks and uncertainties which may cause the Company's future operations and results of operations to differ materially from those anticipated in this release. In particular, those statements include (i) the expected results of this new product offering, which depends upon the actual effectiveness of the new products as well as the impact of related market research, product development and manufacturing initiatives; and (ii) growth in Zareba Systems division sales, which depends on the effectiveness of efforts to establish new sales accounts, the acceptance and demand of our new and existing products by new and current customers, as well as general competitive and economic conditions.
SOURCE: Waters Instruments, Inc.
Waters Instruments, Inc., Minneapolis
Elaine Beckstrom, 763-509-7447