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Nice call Raw!
Tenet Forms Conifer Health Solutions to Provide Third-Party Revenue Cycle and Patient Communication Services
Thursday November 6, 8:30 am ET
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC - News) announced today the formation of a wholly owned operating subsidiary, Conifer Health Solutions, Inc. (Conifer), which will offer a full range of revenue cycle management and patient communication services. The new company has more than 100 hospitals, including those operated by Tenet, under contract and already processes approximately 5 million patient accounts annually, worth approximately $9 billion.
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The creation of Conifer is a natural extension of Tenet’s business, capitalizing on the skills and capabilities employees have developed through serving Tenet hospitals. Over the past five years, Tenet transformed its revenue cycle by consolidating hospital business offices into specialized business centers that leverage proprietary work processes. The patient communication services, currently branded as MEDContact, provide Tenet’s hospitals 24/7 access to inbound communications, outbound marketing services and physician referral assistance. As Conifer Patient Communications, MEDContact will broaden its existing offerings to include additional services.
“The formation of Conifer Health Solutions is an exciting move that builds on Tenet’s history of bringing innovation to health care providers,” said Trevor Fetter, Tenet’s president and chief executive officer. “Conifer brings world-class processes and systems to our clients, allowing them to focus on delivering the highest quality patient care.”
“Conifer’s comprehensive approach to revenue cycle management addresses the specific needs of health care providers,” said Stephen Mooney, head of Conifer Revenue Cycle Solutions. “Our innovative, service-oriented and proven processes operate behind the scenes to strengthen our clients’ financial performance.”
“Conifer offers hospitals a best-in-class contact center, supported around-the-clock by a highly skilled team equipped with leading-edge communication technologies,” said Dorothy Rubio, head of Conifer Patient Communications. “The value we bring to our customers lies in our ability to execute a wide range of critical communications, including physician referrals, patient education, marketing services, and our newest offering, admission reviews.”
Conifer Health Solutions, Inc. employs more than 2,300 health care service professionals. It is headquartered in Dallas, Texas, at 13737 Noel Road, and has offices in eight locations across the United States. Conifer can be found on the World Wide Web at www.coniferhealth.com, and interested parties can contact the company directly at 877-CONIFER.
Tenet Healthcare Corporation, through its subsidiaries, owns and operates acute care hospitals and related ancillary health care businesses, which include ambulatory surgery centers and diagnostic imaging centers. Tenet is committed to providing high quality care to patients in the communities we serve. Tenet can be found on the World Wide Web at www.tenethealth.com.
Some of the statements in this release may constitute forward-looking statements. Such statements are based on our current expectations and could be affected by numerous factors and are subject to various risks and uncertainties discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended Dec. 31, 2007, our quarterly reports on Form 10-Q and periodic reports on Form 8-K. Do not rely on any forward-looking statement, as we cannot predict or control many of the factors that ultimately may affect our ability to achieve the results estimated. We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.
Contact:
Tenet Healthcare Corporation
Media:
David Matthews, 469-893-2640
david.matthews@tenethealth.com
or
Investors:
Thomas Rice, 469-893-2522
thomas.rice@tenethealth.com
Kudo's Nice call!!
Hello 3$
BOOM!!
shorts covering..
could have seen bottom, for now.
tempting
PPTL, volume
Science Dynamics Changes Company Name to Lattice and Effects a One-for-10 Reverse Split of its Common Stock
Monday February 5, 4:39 pm ET
New Identity, Reverse Split Mark Beginning of New Phase of Growth
PENNSAUKEN, N.J., Feb. 5 /PRNewswire-FirstCall/ -- Science Dynamics Corporation (OTC Bulletin Board: SIDY - News), a provider of advanced technological solutions to key government agencies and enterprise customers, announced today that the company has changed its name to Lattice, Inc. (OTC Bulletin Board: LTTC - News). The ticker symbol will now be LTTC.
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The company's name and corporate identity have been updated to reflect the integration of several previously acquired companies and a new focus on innovative secure communications products and services. Lattice began operations in July 1977 and has been developing and delivering technologically advanced telecommunication solutions for thirty years. The company's new slogan, The Fabric of Secure Communications, represents its strategy of providing and enabling highly secure solutions to the commercial and government sectors. Lattice also affected a one-for-ten reverse split of the issued and outstanding shares of its common stock.
CEO Paul Burgess said, "This announcement formally signifies that Lattice has entered a new phase in our history. We have successfully completed numerous milestones in the past few years, most notably our recent acquisition of RTI. Lattice now has an integrated products and services portfolio built to leverage our proprietary technologies among our existing customer base and into entirely new markets. We look forward to keeping investors updated on progress as we begin our thirtieth year of operations."
About Lattice, Inc.
Lattice is a provider of advanced information and communications technology to the government and commercial markets. The company's technology services division designs, deploys and manages advanced technological solutions at key government agencies and mid- to large-sized enterprises. Lattice's technology products division consists of several core proprietary platforms used to develop customized software applications with military grade security in multiple vertical markets. For more information, visit http://www.latticeincorporated.com.
An investment profile about Lattice may be found at http://www.hawkassociates.com/lttcprofile.aspx.
For investor relations information regarding Lattice, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com. An online investor relations kit including copies of press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com.
Forward-Looking Statements: Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about Lattice Incorporated's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those risks discussed from time to time in the company's filings with the Securities and Exchange Commission, including the Risk Factors in the Form 10-K for the year ended December 31, 2005 and Management's Discussion and Analysis of Financial Condition and Results of Operations included in the Form 10-K for the year ended December 31, 2005 and the Form 10-Q for the quarter ended September 30, 2006. In addition, general industry and market conditions and growth rates, and general economic conditions and competitive conditions, particularly those relating to the our working capital and the market for our products and services and our dependence on government and government-related business, regulatory matters and other factors could affect such statements. Any forward-looking statement speaks only as of the date on which they are made, and the company does not undertake any obligation to update any forward- looking statement to reflect events or circumstances after the date of this release.
Contact Information
Hawk Associates, Inc.
Frank N. Hawkins, Jr. or Julie Marshall
Phone: (305) 451-1888
E-mail: info@hawkassociates.com
http://www.hawkassociates.com
http://www.americanmicrocaps.com
Raw, is that similar to a Phase III clinical trial approval??
Looks like it may wake up, volume finally eom.
Looks like it may wake up, volume finally eom.
Reverse Split & Name change comming.
http://app.quotemedia.com/quotetools/showFiling.go?name=SCIENCE%20DYNAMICS%20CORP:%20DEF%2014A,%20Su...
Nice call Raw, thanks. eom
Science Dynamics Completes Equity Financing With Barron Partners to Finance Acquisition of Ricciardi Technologies
Board Approves One-For-Ten Reverse Split
PENNSAUKEN, N.J., Sept. 26 /PRNewswire-FirstCall/ -- Science Dynamics Corporation (OTC Bulletin Board: SIDY), a provider of advanced technological solutions to key government agencies and enterprise customers, announced today that it has acquired all of the issued and outstanding shares of the common stock of Ricciardi Technologies, Inc. in a cash and stock transaction. Headquartered in Manassas, Va., Ricciardi is a provider of advanced software and systems development services.
The transaction was financed through a private placement with Barron Partners LP, a private investment partnership based in New York. Science Dynamics sold Barron a convertible subordinated promissory note in the principal amount of $4.5 million, a warrant to purchase up to 125 million shares of the company's common stock at an exercise price of $0.05 per share and a warrant to purchase up to 125 million shares of the company's common stock at an exercise price of $0.125 per share.
As a result of the transaction, Science Dynamics substantially reduced its indebtedness to Laurus Master Fund. Science Dynamics' board also approved a restated certificate, which effects a 1-for-10 reverse split in the company's common stock, among other provisions. The company will submit the restated certificate of incorporation to its shareholders for their approval.
CEO Paul Burgess said, 'This is a major step forward for our company. RTI adds important management expertise to our company and will enhance our presence in the federal government market place.'
Upon the filing of the restated certificate of incorporation with the state of Delaware, principal and interest due on the note will be automatically converted into common stock based on a conversion price of $0.575. Prior to the filing, the note is convertible at the conversion price at the option of the holder.
Each share of Series A Preferred Stock is convertible into 25 shares of common stock subject to adjustment in certain instances, including the issuance by the company of common stock at a price, which is less than the conversion price applicable to the Series A Preferred Stock, which is initially $0.023 per share, subject to adjustment. Upon the effectiveness of the reverse split, the Series A Preferred Stock will be convertible into two and a half shares of common stock. If fully converted, the Series A Preferred Stock would be convertible into 19,565,217 shares of common stock after giving effect to the proposed reverse split.
Pursuant to the RTI agreement, the consideration for RTI stock consisted of $3.5 million, which was paid from the proceeds of the sale of the note and warrants to Barron; 50 million shares of the company's common stock; a $500,000 promissory note due not later than September 19, 2007; and 1 million shares of the company's Series B Convertible Preferred Stock.
Each share of Series B Preferred Stock that is not redeemed at a price of $0.50 per share will automatically convert into common stock on September 18, 2007, at the conversion rate of 8 1/3 shares of common stock, subject to adjustment in the event of stock dividends, splits and other distributions, combinations of shares or reverse splits or other recapitalizations.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of the securities in any jurisdiction in which such offering would be unlawful.
About Barron Partners, LP
Barron Partners, LP is a New York-based private investment partnership that specializes in investing in micro-cap public companies. For more information, visit http://www.barronpartners.com.
About RTI, Inc.
Ricciardi Technologies, Inc. (RTI) is a provider of advanced software and systems development services. RTI was formed in 1992 to provide cost-effective systems development for public and private sector customers to meet the growing demand for dependable embedded and distributed technological solutions. RTI has a rich product suite and a proven track record of providing turn-key solutions, IT consulting and engineering support. For more information, visit http://www.rti-world.com.
About Science Dynamics Corporation
Science Dynamics Corporation (SciDyn) is a provider of advanced information and communications technology to the government and commercial markets. The company's technology services division designs, deploys and manages advanced technological solutions at key government agencies and mid- to large-sized enterprises. SciDyn's technology products division consists of several core proprietary platforms used to develop customized software applications with military grade security in multiple vertical markets. For more information, visit http://www.scidyn.com.
I agree, mm's trading less than 2k shares at EOD for bid or less trying to keep it off the radar...lol
LitFunding, Willingham to Unveil Analysts Report on MN1.com
Monday August 7, 2:05 pm ET
DALLAS, TX--(MARKET WIRE)--Aug 7, 2006 -- Morton Reed, CEO of LitFunding Corp., will appear live on Market News First Wednesday, Aug. 9, at 11:30 AM CDT with MN1.com premier analyst, Michael Willingham, to discuss Willingham's analyst report of the company. The two will also field questions from those who have been following LitFunding Corp. (OTC BB:LFDG.OB - News) and the market in general.
The live, exclusive discussion will be on MN1.com, and is available to anyone with internet access and who can download the free player at www.MN1.com.
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About LitFunding:
LitFunding, until recently, has been specializing in the funding of litigation, through its wholly owned subsidiary LitFunding USA. Recently LFDG acquired 100 percent of Easy Money Express, a startup in the payday loan advance business, to provide an additional business model in the money lending business. Morton Reed, president of LFDG, has indicated that since the company's exit from bankruptcy, it was important for the company to establish some additional lines of business which complement their lending money to litigants. Additionally, LitFunding recently acquired Global Universal through a merger with one of LitFunding's subsidiaries, Silver Dollar Productions. Global Universal's goal is to film back-to-back low- budget films for Movie, Television and DVD releases.
About Michael Willingham:
Market News First analyst Michael A. Willingham has covered four microcap companies and has hosted his detailed reports on www.MN1.com. Global Beverage Solutions is a beverage focused business development company traded on the OTC Bulletin Board; USN Corp. (OTC BB:USNR.OB - News) is another OTC Bulletin Board company and broadcasts its Ultimate Shopping Network to roughly 30 million Americans; National Storm Management trades on the Pink Sheets market and is directly focused on storm restoration services in areas hardest hit by frequent natural disasters; and Microtrak (Other OTC:MIOK.PK - News) is in the telematics industry with a significant pipeline of promising projects with projected year-over-year revenue increase of over 600 percent.
Since Mike's initial coverage of GBVS, the stock has traded higher by over 168 percent. USNR is up seven percent, NLST has gained nearly 16 percent, and MIOK has risen almost 24 percent since coverage was initiated. The nominal average increase in price is over 53 percent, while the weighted average increase for these four stocks is 36 percent. For a complete biography on Willingham, go to http://www.mn1.com/special_reports.html.
About Market News First:
Being the only online destination that brings real blow-by-blow information and analysis on micro-cap news, MN1.com features live press conferences, live interviews and exclusive investment news. MN1.com gives micro-cap investors the information source necessary to trade in the markets. MN1.com boasts being the largest true news company reporting on micro-cap traded stocks.
In addition to live interaction with companies from the Bulletin Board, Pink Sheets and Amex, MN1 has All-Day Live Trading Commentary, Analyst Profiles, Interactive Forums, News Items and The MicroBlog. MN1 Blog features opinions, thoughts and comments of Michael A. Willingham and Andrew Coffee along with other participants giving the latest on micro-cap invests and trends.
Market News First will turn the average investor into a more decisive, profitable investor, by answering micro-cap investors' questions before they are even asked.
Contact:
Contact:
Mark Gage
469-385-9855
mark@MN1.com
Watched this too at .08 and was able to get some at .09
Thanks for the board too. Will be holding
More shares availble but less debt.
Science Dynamics Completes Laurus Financing Restructuring
Wednesday July 26, 11:39 am ET
Liens and Obligations Removed, Paves Way For Growth
PENNSAUKEN, N.J., July 26 /PRNewswire-FirstCall/ -- Science Dynamics Corporation (OTC Bulletin Board: SIDY - News), a provider of advanced technological solutions to key government agencies and enterprise customers, announced today it has entered into an agreement to restructure its debenture with the Laurus Master Fund.
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CEO Paul Burgess said, "This restructuring represents a critical achievement for Science Dynamics. We have agreed to pay off the entire $2 million debenture with Laurus in exchange for a waiver of previous defaults and removal of all related liens and indebtedness. In addition to saving Science Dynamics significant fees and penalties, this agreement strengthens our balance sheet and enables us to seek additional financing more favorable to shareholder growth.
"Science Dynamics is in a dramatically different financial position as a result of this agreement," said Burgess. "Laurus played an important role in the progress we have made over the past several years, enabling us to finance the acquisition of SMEI and providing us with working capital as we transformed our business. Since placing the convertible with Laurus in February of last year, we completed a transformative acquisition, grew sales to $4.7 million on a trailing 12-month basis and became EBITDA positive as we grew the value of our service contracts with clients to more than $16 million. We appreciate Laurus' assistance and their continuing confidence in us. Laurus will continue to be an important shareholder."
Science Dynamics will pay off the existing Laurus $2 million debenture by August 31, 2006. The company will pay Laurus $500,000 in cash and issue 1 million restricted common shares immediately and will pay another $250,000 in cash to Laurus on August 1, 2006. By August 31, 2006, Science Dynamics will issue an additional 8,333,333 restricted common shares and pay $750,000 in cash to Laurus. In exchange, Laurus will consider the existing convertible debenture repaid in full and will waive all previous defaults and liens on the company. Upon fulfilling the terms of this agreement, Science Dynamics will have no outstanding indebtedness to Laurus.
For additional details on the terms of the agreement between the company and Laurus, see Form 8-K filed by the company with the Securities and Exchange Commission on January 26, 2006.
About Science Dynamics Corporation
Science Dynamics Corporation (SciDyn) is a provider of advanced information and communications technology to the government and commercial markets. The company's technology services division designs, deploys and manages advanced technological solutions at key government agencies and mid- to large-sized enterprises. SciDyn's technology products division consists of several core proprietary platforms used to develop customized software applications with military grade security in multiple vertical markets. For more information, visit http://www.scidyn.com .
An investment profile about Science Dynamics may be found at http://www.hawkassociates.com/sciencedynamics/profile.php .
For investor relations information regarding Science Dynamics, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com . An online investor relations kit including copies of press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com .
Forward-Looking Statements: Certain statements made in this press release by Science Dynamics Corporation are forward-looking statements. Although such statements are based on current expectations, they are subject to a number of future uncertainties and risks, and actual results may differ materially. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Statements made in this document that are not purely historical are forward- looking statements, including any statements as to beliefs, plans, expectations, anticipations or intentions regarding the future. Science Dynamics Corporation assumes no obligation to update information concerning the forward-looking statements contained herein.
--------------------------------------------------------------------------------
Source: Science Dynamics Corporation
10k =dillution...yikes
I stand corrected, price really has no relevence to risk I assume that most traders know that subs are high risk and at this price it cant get much lower (although possible). As far a dilution, thats a lot of dillution for one day, I guess it's also possible but with the pinks we dont know.
I agree, I have also accepted the fact that over the years the market has changed "flippers" have impacted the market especially sub/penny stocks. Everyone filps now for a quick buck (self included).I figure into any T&A and DD the "Flipper Effect" for any short term trades. The price of this stock is still a very low risk.
At least they have clients!...
yummy!
Science Dynamics Software Selected by Encartel, City Tele Coin and Combined Public Communications
Monday March 27, 9:18 am ET
PENNSAUKEN, N.J., March 27 /PRNewswire-FirstCall/ -- Science Dynamics Corporation (OTC Bulletin Board: SIDY - News), a provider of advanced technological solutions to key government agencies and enterprise customers, announced today that Encartel, City Tele Coin and Combined Public Communications have chosen the company's BubbleLink software to operate and manage their centralized switching services.
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BubbleLink will enable the companies to provide flexible telecommunications services to their customers using traditional time dimensional multiplexing (TDM) or Voice over Internet Protocol (VoIP).
CEO Paul Burgess said, "These latest contracts further validate the IP- based transaction processing capabilities of the BubbleLink technology. Science Dynamics continues to grow its business in the government and commercial markets using our proprietary technology to provide innovative solutions to our customers."
About Science Dynamics Corporation
Headquartered in Pennsauken, N.J., Science Dynamics Corporation is a provider of advanced technological solutions to the Department of Defense, key government agencies and commercial markets. The company has nearly 25 years of experience in designing, deploying and managing highly secure advanced software and telecommunications solutions for federal government departments, agencies and mid- to large-sized enterprises. Science Dynamics Corporation's telecommunications solutions are installed in over 30,000 ports throughout 18 countries worldwide. For more information, visit http://www.scidyn.com .
About Systems Management Engineering, Inc.
Science Dynamics owns 82% of SMEI. SMEI has developed advanced data management applications, Internet server technology and information systems that it markets to public and private sectors. SMEI's product, Aquifer, helps its customers reduce development time for projects, manage the deployment of applications across the Internet to desktops around the world and implement military-grade security on all systems where the applications are deployed. For more information about SMEI, visit http://www.sysmanagement.com .
An investment profile about Science Dynamics may be found at http://www.hawkassociates.com/sciencedynamics/profile.htm .
For investor relations information regarding Science Dynamics, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com . An online investor relations kit including copies of press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com .
Forward-Looking Statements: Certain statements made in this press release by Science Dynamics Corporation are forward-looking statements. Although such statements are based on current expectations, they are subject to a number of future uncertainties and risks, and actual results may differ materially. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Statements made in this document that are not purely historical are forward- looking statements, including any statements as to beliefs, plans, expectations, anticipations or intentions regarding the future. Science Dynamics Corporation assumes no obligation to update information concerning the forward-looking statements contained herein.
--------------------------------------------------------------------------------
Source: Science Dynamics Corporation
Yes I do, but not for the past few weeks.
I agree, will be tuning in.
Science Dynamics Issues Letter to Shareholders
Wednesday January 18, 9:28 am ET
Company Expects to be EBITDA Positive in Q1 '06, Contract Backlog More Than $14M
PENNSAUKEN, N.J., Jan. 18 /PRNewswire-FirstCall/ -- Science Dynamics Corporation (OTC Bulletin Board: SIDY - News), a provider of advanced technological solutions to the Department of Defense, key government agencies and commercial markets, issued the following letter from CEO Paul Burgess:
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To Our Shareholders and Investors,
I am pleased to report that we made progress on a number of key initiatives in 2005. As we look forward, we have every reason to believe 2006 will be significantly stronger in terms of strengthening our company financially and positioning us for future success.
The past year was critical in making the transition from an inmate telephony company to an organization providing advanced technological solutions to government and commercial markets. Acquiring Systems Management Engineering, Inc. (SMEI) early in the year was instrumental in enabling us to significantly expand our proprietary technology and technical expertise in telecommunications and information technology.
We have completely and successfully integrated SMEI and Science Dynamics (SciDyn) operations. We're already realizing SG&A synergies between the two organizations and anticipate further benefits throughout the new year. Most importantly, the acquisition enabled us to leverage the capabilities of both companies in product development and customer reach, which, combined with the cost efficiencies, moves us closer to profitability.
I expect SciDyn to be EBITDA positive in Q1 of 2006. We have increased our contractual engagements with the federal government from task-based contracts to multi-year contracts. Our contract backlog has increased to over $14 million. We've made significant progress in strengthening the balance sheet and intend to continue our refinancing efforts. We're also looking to access capital that minimizes shareholder dilution and can be managed with an eye on the company's cash flow.
November in particular was a significant month for Science Dynamics. We successfully renegotiated the terms of an outstanding secured convertible term note and realized significant savings. In addition to deferring over $420,000 in past due principal payments, we were also able to waive almost $260,000 in interest owed and eliminate $600,000 in potential damages. That same month we also established a line of credit with Presidential Financial to provide us with working capital as needed to grow the software solutions business. These efforts combined give us additional financial resources and flexibility to help expand our service.
While we don't have our 2005 year-end financial results yet, we were encouraged by the $1,119,135 in revenues we realized in Q3 of 2005, an 86% increase over the previous year. Revenues for the nine months ended September 30, 2005 of $3,248,699 represented an 87% increase in the comparable period in 2004. I believe this top-line growth underscores the success of our acquisition strategy and highlights the positive contribution made by SMEI. Our priorities in 2006 are to further ramp up sales, integrate accretive acquisitions and improve the bottom line.
We also intend to increase our visibility this year, both on Wall Street and within the federal software solutions space. Our team is driven to increase shareholder value through organic growth and acquisitions throughout the year. With regards to our acquisition strategy, we will continue to pursue profitable companies with proprietary products and services we can sell to our existing customers and which have synergies with our existing business.
I am encouraged that the stock recently traded at significantly higher volumes. As our company's financial position continues to improve, we expect the market valuation to match the improved results. I may take advantage of recent prices to buy shares in the open market.
As always, I appreciate the support of our long-term shareholders, directors and employees. I will continue to work hard throughout the new year to increase our company's value.
Paul Burgess
CEO and President
About Science Dynamics Corporation
Headquartered in Pennsauken, N.J., Science Dynamics Corporation is a provider of advanced technological solutions to the Department of Defense, key government agencies and commercial markets. The company has nearly 25 years of experience in designing, deploying and managing highly secure advanced software and telecommunications solutions for federal government departments, agencies and mid- to large-sized enterprises. Science Dynamics Corporation's telecommunications solutions are installed in over 30,000 ports throughout 18 countries worldwide. For more information, visit http://www.scidyn.com .
About Systems Management Engineering, Inc.
Science Dynamics owns 82% of SMEI. SMEI has developed advanced data management applications, Internet server technology and information systems that it markets to both public and private sectors. SMEI's product, Aquifer, helps its customers reduce development time for projects, manage the deployment of applications across the Internet to desktops around the world and implement military-grade security on all systems where the applications are deployed. For more information about SMEI, visit http://www.sysmanagement.com .
An investment profile about Science Dynamics may be found at http://www.hawkassociates.com/sciencedynamics/profile.htm .
For investor relations information regarding Science Dynamics, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com . An online investor relations kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com .
Forward-Looking Statements: Certain statements made in this press release by Science Dynamics Corporation are forward-looking statements. Although such statements are based on current expectations, they are subject to a number of future uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to, the acquisition by Science Dynamics Corporation of Systems Management Engineering, Inc. and the successful operation of Systems Management Engineering, Inc. post-acquisition, additional potential acquisitions of Science Dynamics Corporation and the ability of Science Dynamics Corporation to effectively execute its business plan and develop a successful business. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, anticipations or intentions regarding the future. Science Dynamics Corporation assumes no obligation to update information concerning the forward-looking statements contained herein.
Source: Science Dynamics Corporation
Beazer Homes Announces $50 Million Senior Notes Offering
Friday July 15, 8:45 am ET
ATLANTA--(BUSINESS WIRE)--July 15, 2005--Beazer Homes USA, Inc. (NYSE: BZH - News; www.beazer.com) today announced an offering of $50,000,000 aggregate principal amount of 6.875% Senior Notes due 2015. The notes are being sold as an add-on to the company's existing $300,000,000 aggregate principal amount of 6.875% Senior Notes due 2015. The offering will be made to an initial purchaser pursuant to a private placement. The initial purchaser has informed Beazer Homes that it will sell or offer the notes within the United States to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933. The offering proceeds will be used for general corporate purposes.
Beazer Homes USA, Inc., headquartered in Atlanta, is one of the country's ten largest single-family homebuilders with operations in Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and West Virginia and also provides mortgage origination and title services to its homebuyers. Beazer Homes, a Fortune 500 company, is listed on the New York Stock Exchange under the ticker symbol "BZH."
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the notes referred to herein in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The notes will not be registered under the Securities Act or applicable state securities laws, and are being offered by the initial purchaser only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States in accordance with Regulation S under the Securities Act. Unless so registered, the notes cannot be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
--------------------------------------------------------------------------------
Contact:
Beazer Homes USA, Atlanta
Investor Relations and Corporate Communications
Leslie H. Kratcoski, 770-829-3764
lkratcos@beazer.com
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Source: Beazer Homes USA, Inc.
Form 8-K/A for SCIENCE DYNAMICS CORP out today
17-May-2005
Quarterly Report
Item 2. Management's Discussion and Analysis or Plan of Operation.
Forward Looking Statements
This Form 10-QSB includes forward-looking statements relating to the business of Science Dynamics Corporation (the "Company" or "Science Dynamics"). Forward-looking statements contained herein or in other statements made by Science Dynamics are made based on management's expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond the control of the Company, that could cause actual results of the Company to differ materially from those matters expressed in or implied by forward-looking statements. The Company believes that the following factors, among others, could affect its future performance and cause actual results of the Company to differ materially from those expressed in or implied by forward-looking statements made by or on behalf of the Company: (a) the effect of technological changes; (b) increases in or unexpected losses; (c) increased competition; (d) fluctuations in the costs to operate the business; (e) uninsurable risks; and (f) general economic conditions.
General Overview
Science Dynamics was incorporated in the State of Delaware in May 1973 and commenced operations in July 1977. The Company has been developing and delivering technologically advanced telecommunication solutions for over twenty-five years.
Traditionally, the Company has been providing telecom service providers with its transaction based technology systems and more recently, via its acquisition of Systems Management Engineering, Inc., a Virginia corporation ("SMEI"), in the first quarter of 2005, is now providing software solutions to federal, state and local government utilizing a proprietary application development platform (Department of Defense "DOD" Certified) called "Aquifer".
Business Overview
During the first quarter of 2005 the Company completed the acquisition of approximately 85% of SMEI. SMEI provides proprietary software and advanced technology services to the federal government, primarily the Department of Defense. The acquisition is consistent with management's strategy to diversify the Company's proven software solutions into a broader market base.
SMEI's product offering includes Aquifer, an innovative software product that enables government departments and businesses to efficiently manage distributed computing applications in a secure environment. The Aquifer product has DOD certification and is already in production at various governmental agencies.
In addition to the stand-alone saleability of its product offering, the Company has identified potential in combining Aquifer's application management qualities with the IP based transaction processing capabilities of BubbleLink. Management believes this will provide Science Dynamics with a dynamic product offering that can be used to develop vertical applications encompassing a multitude of industries. Science Dynamics has begun working with key government clients to explore new applications that can be developed using a combination of the two products.
As the Company continues to identify opportunities utilizing either its combined or stand-alone technologies the Company will be working to integrate the product offerings through a single brand. The Company's branding and marketing initiatives will include the its two core product offerings, BubbleLink and Aquifer. Management believes selling the Company's product offering through a single brand will enable the Company to market enabling technologies that provide customers an enterprise solution with global networking capabilities.
Results of Operations
The following table summarizes the basic results of operations for the periods
indicated in the Consolidated Statement of Operations.
Three Months ended March 31, 2005 (unaudited) compared to the Three Months ended
March 31, 2004 (unaudited).
Three Months Ended March 31,
2005 2004
---- ----
Sales $874,570 $690,219
Net Income (Loss) (228,815) 100,004
Net Income (Loss) Per Share $0.00 $ 0.00
OPERATING EXPENSES PERCENT OF SALES
Three Months Ended
March 31,
2005 2004 2005 2004
---- ---- ---- ----
Cost of Goods Sold 345,092 110,379 39.5% 15.9%
Research & Development 95,147 71,505 10.8% 10.4%
Sales, General & Admin. 560,552 270,601 64.1% 39.2%
Depreciation 25,320 28,259 2.9% 4.1%
Total Operating Costs and Expenses
1,026,111 480,744 117.3% 69.6%
Sales for the three months ended March 31, 2005 were $874,570, an increase of $184,351 from sales of $690,219 for the three months ended March 31, 2004. Total sales of $874,570 consisted of $433,447 from the software technology
division and $441,123 from software consulting services. The Software Technology Division's decrease in sales of $256,772 included a decrease of $150,000 attributable to the loss of the "Evercom" consulting contract in the fourth quarter of 2004. The Company's Software Technology revenue in the three months ended March 31, 2005 was primarily derived from its Commander Product Line. Sales from the software consulting division were derived from service contracts with federal, state and local governmental agencies. These contracts are based on a time and material billing. The total increase in the Company's sales of $184,351 was comprised of an increase of $441,123 attributable to the SMEI acquisition (Software Consulting Division) from the date of the acquisition February 14, 2005 to March 31, 2005, a partial quarter. This was offset by a decrease in sales from Science Dynamics (Software Technology Division) of $256,772, of which, $150,000 was attributable to the loss of the "Evercom" consulting contract in the fourth quarter of 2004.
Cost of Goods Sold increased to $345,092 in the three months ended March 31, 2005 from $110,379 in the corresponding three months ended March 31, 2004. Included in overall cost of goods sold were $109,609 and $235,483 attributable to the software technology division and the software consulting division respectively. The cost of sales in the software technology division are substantially lower than those for the software consulting division. The software consulting division is labor intensive. The increase in the cost of good sold in the three months ended March 31, 2005 over the corresponding three months ended March 31, 2004, is mainly due to the acquisition of SMEI which was not present in the prior period.
Research & Development expenses increased to $95,147 in the three months ended March 31, 2005 as compared to $71,505 in the comparable three months ended March 31, 2004. The increase was attributable to the hiring of additional engineering staff. Management believes that continual enhancements of the Company's products will be required to enable Science Dynamics to maintain its competitive position. Science Dynamics will have to focus its principal future product development and resources on developing new, innovative, technical products and updating existing products in the communications area which will enable the Company to explore other established markets that are considered "safe" from the telecom disruption currently facing the industry.
Sales, General & Administrative expenses increased to $560,552 in the three months ended March 31, 2005, compared to $270,601 in the three months ended March 31, 2004. The overall increase is primarily attributable to the acquisition of the SMEI operations. Additionally, the first quarter included front-loaded marketing expenses and non-recurring professional fees totaling approximately $71,500.
Depreciation expenses decreased to $25,320 in the three months ended March 31, 2005, compared to $28,259 in the three months ended March 31, 2004.
Interest Expense increased to $77,274 for the three months ended March 31, 2005 compared to $33,953 for the three months ended March 31, 2004. Interest consists of interest paid and accrued on outstanding convertible notes, notes payable, interest due on loans from stockholders and interest accrued of $22,667 on the convertible note due to late SB2 filing.
Finance Expense in the three months ended March 31, 2005 was capitalized in conjunction with the SMEI acquisition. These costs totaling $92,500 were included in the Balance Sheet as "Goodwill". Finance expense for the three months in the prior year ended March 31, 2004 included $22,478 of amortized financing costs.
Liquidity and Capital Resources
Cash and cash equivalents decreased to $135,580 from $192,681 at December 31, 2004. Net cash provided by operating activities was $273,890 for the three months ended March 31, 2005 compared to $444,638 in the corresponding three months ended March 31, 2004. This consisted of a net loss of $228,815 favorably offset by non-cash (depreciation) expense of $25,320, a decrease in accounts receivable of $256,138, an increase of $215,100 in accounts payable and accrued expenses and a net decrease in other assets and liabilities of $6,147.
Net cash used in investing activities consisted of the cash component of the SMEI purchase of $1,655,325. The lack of investing in capital equipment is consistent with planned budgetary restraints.
Net cash provided by financing activities was $1,327,050 for the three months ended March 31, 2005 compared to net cash used of $457,937 in the corresponding three months ended March 31, 2004. In connection with the acquisition of SMEI, the Company entered into a Securities Purchase Agreement, dated February 11, 2005, with Laurus Master Fund, Ltd. for the sale of a $2,000,000 principal amount secured convertible term note and a common stock purchase warrant to purchase 6,000,000 shares of common stock at a price of $.10 per share, which provided net proceeds of $1,867,500. The net increase in cash provided by financing consisted of the net proceeds of $1,867,500 from the issuance of the $2,000,000 convertible note used to finance the purchase of SMEI and for working capital requirements. The Company reduced its short term notes and revolving debt facility by $120,000 and $367,000 respectively. The revolving credit facility is based on the accounts receivable of the Company's software consulting division.
The cash requirements for funding our operations continue to exceed cash flows from operations. We have satisfied our operating cash flow deficiencies primarily through the reduction of working capital and debt financing.
We have successfully negotiated payment arrangements with some of our vendors and are attempting to negotiate payment arrangements with other vendors. We cannot guarantee that any of these discussions will be successful. If we are unable to obtain successful negotiations, our business may well be severely adversely affected.
While Science Dynamics believes that its current cash flows are sufficient to pay the current expenses that the Company incurs, the Company is unable to pay past accrued expenses and convertible notes from current cash flows. In order to satisfy all of the Company's obligations that are due in the next twelve months, Science Dynamics must obtain additional financing. The inability to obtain the required additional funds could require Science Dynamics to reduce or curtail operations. The Company does not have any definitive plans or arrangements for obtaining additional financing at this time.
That diserves a WEEEEEEEEEE!
Beazer Homes Declares Quarterly Cash Dividend
Wednesday May 11, 7:30 am ET
ATLANTA--(BUSINESS WIRE)--May 11, 2005--Beazer Homes USA, Inc. (NYSE: BZH - News; www.beazer.com) today announced that its Board of Directors has declared a quarterly cash dividend of ten cents ($0.10) per share of common stock. The cash dividend will be payable on June 22, 2005 to shareholders of record at the close of business on June 10, 2005.
Beazer Homes USA, Inc., headquartered in Atlanta is one of the country's ten largest single-family homebuilders with operations in Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and West Virginia. Beazer Homes also provides mortgage origination and title services to its homebuyers.
• Beazer Homes' Presentation at the UBS Leveraged Finance Conference to be Webcast Live on May 11, 2005
What a Scam! lolol
weeeeeeee ofa day!
weeeeeeee ofa day!
The funny thing is if the respected I Hubbers were pumping it, it would be ok..
Take a Closer Look! Motorola Ojo(TM) Personal Video Phone Now Available at Retail
Monday May 2, 7:00 am ET
Visit One of the High-End Retailers Launching the Revolutionary Videophone to See First-Hand How Motorola Ojo Is Changing the Face of Personal Communications
HORSHAM, Pa., May 2 /PRNewswire-FirstCall/ -- Motorola, Inc. (NYSE: MOT - News) today announced the availability of the award-winning Motorola Ojo(TM) Personal Video Phone. Consumers can now order the world's first true-to-life videophone through http://www.motorola.com/ojo and from premium retail locations throughout the United States beginning later this month.
The Motorola Ojo(TM) Personal Video Phone makes it easy to share special moments and feel close to people important to you, even when you can't physically be together. The phone sends face-to-face conversations -- complete with full-motion video and synchronized audio -- over any high-speed Internet connection, keeping friends, family, co-workers, and more seamlessly connected.
"Consumers can now experience first-hand the power of visual communications by bringing a Motorola Ojo into their connected home," said David Grubb, vice president, Motorola consumer entertainment solutions. "The Motorola Ojo lets loved ones share personal moments and make new memories even though they might be thousands of miles apart. By enhancing the traditional voice call with real-time video, Ojo lets you now truly be there, even if you can't get there."
See The Difference For Yourself
With Ojo, seeing is truly believing. So Motorola has partnered with premium retailers to make it easy to get a personal demonstration of Ojo in action, including:
* ABT Electronics is one of the largest independent retailers of consumer
electronics and major appliances in the United States, and has been in
business for over 68 years. Motorola Ojo will be showcased on the floor
of the company's 250,000 square foot showroom in Glenview, IL, a suburb
of Chicago.
For more information, visit http://www.abtelectronics.com .
* A Delaware Valley institution, Bob and Ron's World Wide Stereo has been
making home electronics simple and enjoyable for almost 30 years. From
a knowledgeable sales staff with "audio video and home integration in
their genes" to a fleet of experts that will design and install a home
theater, customers count on World Wide to explain how technology can
make their lives easier.
Motorola Ojo will be featured in the Ardmore and Montgomeryville, Pa.
showrooms, where consumers can see a live demonstration.
For more information, visit their online showroom at
http://www.wwstereo.com
* Hammacher Schlemmer, the oldest catalog retailer in the United States,
will feature Motorola Ojo in its Father's Day and Summer 2005 catalogs,
and online at the company's website. Visitors to the company's flagship
store in New York City can also get a first-hand look at Ojo, and even
purchase one to take home.
For over 157 years, Hammacher Schlemmer has offered customers "the best,
the only, and the unexpected" products in the marketplace.
For more information, visit http://www.hammacher.com .
* MyerEmco Audio Video stores specialize in providing expert advice on the
latest cutting-edge technologies like the Motorola Ojo. The Ojo is a
perfect example of MyerEmco Audio Video's new and exciting product
offerings, including a large selection of high-definition flat panel
television, home theater equipment, and mobile electronics.
Find the Motorola Ojo at any Washington DC metro area location and
experience how it can complement and enhance your family's lifestyle.
For store listings and directions, visit http://www.myeremco.com
* RCS Experience presents consumers with an entirely new concept in
retailing. The company's Madison Avenue technology showroom in New York
City is the first computer and electronics venue to go beyond showcasing
individual products; instead, consumers have access to an environment
that demonstrates how "devices" interact with each other - at home,
while traveling, and in the office.
Live demonstrations of the Motorola Ojo will be featured as part of a
broadband home environment which depicts how easily this technology
product is incorporated into any home or small office setting. Customers
can experience for themselves the quality and clarity of the Ojo
videophone and the exciting ability to communicate face-to-face.
For more information, visit their virtual showroom online at
http://www.rcsexperience.com .
Award-Winning Features
The Consumer Electronics Association honored the Motorola Ojo Personal Video Phone with a "2005 Best of Innovations in Design and Engineering" award for simplifying the complex technology of video telephony. Here are five key features of the Motorola Ojo Personal Video Phone:
FULL MOTION VIDEO -- Motorola Ojo captures and sends full motion video at
30 frames per second, motion that's near broadcast-TV quality. Your voice
remains synchronized to your image, even as the transmission travels over
the Internet.
INNOVATIVE DESIGN -- The innovative, stylish and functional design makes
it a perfect addition to any room in the home, from the kitchen to the
office. The elevated (eye-level), portrait-oriented LCD digital display
(7"diagonal) and camera placement create an experience that is natural and
true-to-life.
ON-SCREEN CONTROLS -- The on-screen menu system makes it easy to make
calls and manage your phone numbers. You can attach an image to any
contact in the phone book, so you can "dial by face," or get picture
caller ID when Ojo rings. During calls, the display features a small self-
viewer, to see how you are positioned in front of the camera, and know
exactly what the other party is viewing.
INTEGRATED CORDLESS PHONE -- Use the integrated cordless handset to make
voice-only calls using either the public service telephone network (PSTN)
or a voice-over-IP (VoIP) network(1). Motorola Ojo also includes a high-
quality, full-duplex speaker phone.
EASY SET-UP -- Motorola Ojo easily connects to your high-speed Internet
and telephone lines and is immediately ready to send or receive calls.
There are no user names, passwords, or logon procedures to learn.
Motorola worked with WorldGate Communications (Nasdaq: WGAT - News; http://www.wgate.com), a leading developer of video telephony technologies, to bring the Ojo Personal Videophone to market. WorldGate's patent-pending innovations for Ojo include a state-of-the-art optimization of the advanced MPEG-4 coding standard (H.264), which enables transmission of 30 frames-per- second video with synchronized audio at data rates as low as 100 Kbps. This allows Motorola Ojo to work within the upstream data rates for both DSL and cable broadband networks, and ensures that existing broadband infrastructures can handle video phone traffic.
The Motorola Ojo(TM) Personal Video Phone (Model PVP1000) carries an MSRP of $799.99(2). Monthly service fees apply. To order Motorola Ojo, visit http://www.motorola.com/ojo .
(1) Residential PSTN or voice-over-IP telephone service is required for
voice-only calls.
(2) Residential broadband service is required for video telephony calls.
A monthly service fee of $14.95 is required to send and receive video
calls.
About Motorola
Motorola is a Fortune 100 global communications leader that provides seamless mobility products and solutions across broadband, embedded systems and wireless networks. In your home, auto, workplace and all spaces in between, seamless mobility means you can reach the people, things and information you need, anywhere, anytime. Seamless mobility harnesses the power of technology convergence and enables smarter, faster, cost-effective and flexible communication. Motorola had sales of US $31.3 billion in 2004. For more information: http://www.motorola.com/.
MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. Ojo and WorldGate are trademarks of WorldGate Service, Inc. All other product or service names are the property of their respective owners.
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Source: Motorola