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MESA ! Mesa Air Group Reports First Quarter 2009 Results and go! Achi
eves First Profitable Quarter ( PR Newswire )
B: Mesa Air Group Reports First Quarter 2009 Results and go! Achieves First Prof
itable Quarter ( PR Newswire )
PHOENIX, Feb 18, 2009 /PRNewswire-FirstCall via COMTEX/ --
Mesa Air Group, Inc. (Nasdaq: MESA) (the "Company") announced today first
quarter net income from continuing operations of $15.5 million on operating
revenues of $265.1 million. Total operating revenues for the first quarter
of 2009 decreased $61.5 million, or 18.8% primarily resulting from a
year-over-year decrease in capacity and lower fuel revenue. The net income
of $15.5 million, or $0.46 per share on a diluted basis, compares to net loss
from continuing operations of $2.8 million, or $0.10 per diluted share for
the same period of fiscal 2008. Pro forma net income for the quarter was
$10.0 million or $0.31 per diluted share. Pro forma net income for the
quarter includes adjustments for the following items on an after tax basis:
$5.0 million gain on extinguishment of debt, $0.8 million income from equity
method investments, $0.5 million of go! legal, $0.4 million in startup costs
associated with our Chinese joint venture, $0.2 million of lease return
costs, and $0.1 million loss on disposal.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990210/LAW065)
Total Available Seat Miles ("ASM's") for the first quarter of fiscal 2009
decreased 18.4% from the first quarter of 2008. The decrease was primarily
due to a reduction in the number of aircraft flown from 183 as of December
31, 2007 to 151 as of December 31, 2008. At December 31, 2008 Mesa's
operating fleet was comprised of 77 50-seat regional jets, 38 86-seat
regional jets, 20 66-seat regional jets and 16 37-seat turboprops. As of
December 31, 2008, the Company operated 49 regional jets and six turboprops
on a codeshare basis with US Airways, 46 regional jets and ten turboprops for
United, 34 regional jets for Delta, and had one operational spare. The
Company also flew five regional jets in Hawaii, operating as go!
As of December 31, 2008, the Company's cash, marketable securities and
restricted cash were approximately $64.0 million. In the second quarter of
fiscal 2009 and similar to prior years, the Company will be making
significant aircraft lease payments that will impact our cash position.
Events during the first quarter included:
-- go!: The go! operation generated approximately $0.5 million of net
income on $11.6 million of revenue for the first fiscal quarter of 2009.
Available seat miles increased in the first quarter 15.4% in comparison to
the same period in the prior fiscal year. Fuel prices were reduced
significantly in the quarter and go! experienced increases in passenger
revenue, and load factor. Departures increased 11.4% and passengers carried
increased 11.3% over the first quarter of 2008.
On November 28, 2008 Mesa announced entering into a settlement with the
former controlling shareholder of Aloha Airlines concerning the Aloha
Airlines lawsuit over Mesa's Hawaiian inter-island flight services operated
under the go! brand name. Under the terms of the settlement and without
admitting any wrongdoing, Mesa agreed to make a $2.0 million cash payment,
issue shares of common stock equal to 10% of its then outstanding shares and
provide inter-island travel benefits to certain former Aloha Airlines
employees. The Company recorded a charge of $2.8 million related to this
transaction in the fourth fiscal quarter of 2008. Under the terms of the
settlement, if the shareholder is able to purchase the "Aloha" name in the
bankruptcy court auction, it will license the "Aloha" name to Mesa.
-- Maintenance: Maintenance expense decreased 31.7% as compared to the
first quarter of fiscal 2008. This $22.8 million spending reduction is
mainly attributed to savings in engine repair costs resulting from the
termination of a power by the hour contract and a decrease in expense
associated with component contracts due to contract amendments.
-- Inventory: In the first quarter Mesa financed $2.9 million of certain
rotable spare parts at an annual interest rate of 3.2% for 60 months. The
first principal payment of $82,057 is due and payable on the 21st month.
Interest will be accrued and added to the principal of the note for the first
20 months of the arrangement.
-- Bonds: The Company purchased certain senior convertible notes during the
first quarter. These notes, due in February 2024, were reacquired at a
substantial discount and resulted in a recorded gain of approximately $8.1
million.
"We are encouraged by this quarter's performance and the strides we have
taken to put some difficult hurdles behind us. We are also very pleased to
report go! achieved its first quarterly profit and we remain committed to our
independent inter-island operation," said Mesa Chairman and CEO, Jonathan
Ornstein. "We continue to execute our restructuring plan and take steps
needed to improve the financial and operational performance of the Company.
We would like to thank all of our constituents who have worked with us
including our airline partners, vendors and suppliers, bondholders and our
hard working employees and employee leadership team. While the environment
continues to be challenging we remain confident that working together our
company can build upon the success of this quarter."
Three Months Ended
------------------
Dec. 31, 2008 Dec. 31, 2007
Passengers 3,179,668 3,587,044
Available seat miles ("ASM") (000's) 1,730,437 2,120,137
Revenue passenger miles (000's) 1,327,409 1,550,131
Load factor 76.7% 73.1%
Yield per revenue passenger mile (cents) 20.1 21.1
Revenue per ASM (cents) 15.4 15.4
Operating cost per ASM (cents) 14.2 15.4
Average stage length (miles) 373 398
Number of operating aircraft in fleet 151 183
Gallons of fuel consumed 33,411,870 41,455,546
Block hours flown 109,736 128,558
Departures 73,363 84,984
MESA AIR GROUP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
Three Months
Ended December 31,
-----------------
2008 2007
---- ----
(Unaudited)
(In thousands,
except per share
data)
Operating revenues:
Passenger $261,496 $323,203
Freight and other 3,627 3,389
----- -----
Total operating revenues 265,123 326,592
Operating expenses:
Flight operations 85,492 93,571
Fuel 78,535 115,919
Maintenance 49,162 72,010
Aircraft and traffic servicing 16,489 19,655
Promotion and sales 1,120 781
General and administrative 11,508 14,992
Depreciation and amortization 8,718 9,587
----- -----
Total operating expenses 251,024 326,515
------- -------
Operating income (loss) 14,099 77
Other income (expense):
Interest expense (8,186) (9,681)
Interest income 1,109 2,600
Gain on extinguishment of debt 8,107 -
Loss from equity method investments 1,235 (1,052)
Other income (expense) (477) 3,903
---- -----
Total other income (expense) 1,788 (4,229)
----- ------
Income (loss) from continuing operations
before taxes 15,887 (4,152)
Income tax provision (benefit) 399 (1,395)
--- ------
Net income (loss) from continuing operations 15,488 (2,757)
Loss from discontinued operations, net of taxes (186) (1,449)
---- ------
Net income (loss) $15,302 $(4,206)
======= =======
Basic income (loss) per common share:
Income (loss) from continuing operations $0.56 $(0.10)
Loss from discontinued operations (0.01) (0.05)
----- -----
Net income (loss) per share $0.55 $(0.15)
===== ======
Diluted income (loss) per common share:
Income (loss) from continuing operations $0.46 $(0.10)
Loss from discontinued operations - (0.05)
-- -----
Net income (loss) per share $0.46 $(0.15)
===== ======
Three Months
Ended December 31,
------------------
2008 2007
---- ----
PRO FORMA (After tax):
Net income (loss) from continuing
operations $15,488 $(2,757)
Net gain on securities - (2,385)
Loss on disposal 130 68
Lease return costs 219 3,658
(Gain) on extinguishment of debt (4,996) -
go! legal expense (452) 477
Start up costs on China JV 370 153
(Gain) Loss from equity method
investments (761) 648
---- ---
Pro forma net income from continuing
operations $9,998 $(138)
====== =====
Pro forma income per common share:
Basic $0.36 $(0.00)
Diluted $0.31 $(0.00)
To supplement our consolidated financial statements presented in accordance
with GAAP, the Company uses non-GAAP measures of pro forma net income and pro
forma earnings per share, which are adjusted from our GAAP results as shown
above. These non-GAAP adjustments are provided to enhance the user's overall
understanding of our current financial performance. We believe the non-GAAP
results provide useful information to both management and investors by
excluding certain charges and other amounts that we believe are not
indicative of our core operating results. These non-GAAP measures are
included to provide investors and management with an alternative method for
assessing the Company's operating results in a manner that is focused on the
performance of the Company's ongoing operations and to provide a more
consistent basis for comparison between quarters. In addition, since we have
historically reported pro forma results to the investment community, we
believe the inclusion of non-GAAP numbers provides consistency in our
financial reporting. These measures are not in accordance with or an
alternative for, GAAP and may be different from pro forma measures used by
other companies.
Mesa currently operates 151 aircraft with over 800 daily system departures
to 124 cities, 38 states, the District of Columbia, Canada, the Bahamas and
Mexico. Mesa operates as Delta Connection, US Airways Express and United
Express under contractual agreements with Delta Air Lines, US Airways and
United Airlines, respectively, and independently as Mesa Airlines and go!. In
June 2006 Mesa launched inter-island Hawaiian service as go!. This operation
links Honolulu to the neighbor island airports of Hilo, Kahului, Kona and
Lihue. The Company, founded by Larry and Janie Risley in New Mexico in 1982,
has approximately 5,000 employees and was awarded Regional Airline of the
Year by Air Transport World magazine in 1992 and 2005.
This press release contains various forward-looking statements that are
based on management's beliefs, as well as assumptions made by and information
currently available to management. Although the Company believes that the
expectations reflected in such forward-looking statements are reasonable; it
can give no assurance that such expectations will prove to have been correct.
Such statements are subject to certain risks, uncertainties and assumptions.
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially
from those anticipated, estimated, projected or expected.
http://www.mesa-air.com/
SOURCE Mesa Air Group, Inc.
http://www.mesa-air.com
Copyright (C) 2009 PR Newswire. All rights reserved
*** end of story ***
NICE!! the lack of attention wont last long imo nice work west gltya wb
lotsa buys on the ask.. congrats on the cheapies....and thanx to the sellers dymh wont be this low for long :) lol gltyall
GRGR Green Energy Resources Develops Breakthrough Heat Treating Met
hodology for Woodchips, Signs a $50 Million Export Sup
B: Green Energy Resources Develops Breakthrough Heat Treating Methodology for Wo
odchips, Signs a $50 Million Export Supply Contract and Undertakes Emergency Sup
ply Mission Using Icebreaker Ships to Rescue Northern Scandinavian Town From Run
ning Out of Energy. ( PR Newswire )
NEW YORK, Feb 17, 2009 /PRNewswire-FirstCall via COMTEX/ --
Green Energy Resources (Pinksheets: GRGR) has signed a supply contract
valued at approximately $50 million dollars over the next two years. The
shipments are destined for Europe. Each Shipment is valued at approximately 2
million dollars. Green Energy Resources remains well positioned to capture a
20% European market share of imported wood biomass for energy by 2011. The
company is currently shipping out of its Linden, New Jersey location and
plans to activate its Baltimore, Maryland port within the next few months.
Green Energy Resources has US federal approval for its heat treating
methodology on woodchips destined for Europe. The approval is a major
breakthrough for European exports of woodchips. The new technology has left
Green Energy Resources with few, if any competitors, in the North American
energy woodchip export market. The methodology, in combination with low
freight rates, low fuel prices and the conversion and completion of new
biomass power generating stations in Europe, has led to a huge surge in
demand.
Green Energy Resources is currently preparing an emergency order destined to
northern Scandinavia before they run out of wood that powers the local power
plant. The region is near the artic circle and remains firmly in winters
grip. Green Energy Resources has the wood supply to ship immediately but
needs the icebreakers to rescue the town in northern Sweden. Green Energy
Resources is seeking an available class 1A ice breaker.
Green Energy Resources has been a leader in developing urban wood waste
streams into renewable energy components. Fusing traditional forestry with
urban wood waste streams has resulted in developing a highly desirable and
energy packed woodchip for power generation on national grids. Green Energy
Resources technology enables woodchips to compete with coal but with far less
emissions and greenhouse gases than coal. Green Energy Resources can deliver
woodchips with low moisture content and high BTU values to precise
specification for power plant generators willing to pay top dollar for the
commodity.
Green Energy Resources is in the market for financing assistance to meet its
anticipated growth over the next two years including the possible purchase of
a least 1 woodchip carrier ship. Shareholders are welcome to visit our
operations in New Jersey with a scheduled appointment.
Except for historical information contained herein, the statements in this
release are forward-looking statements that are made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of 1995.
SOURCE Green Energy Resources
http://www.greenenergyresources.com
Copyright (C) 2009 PR Newswire. All rights reserved
*** end of story ***
GCHK holy cow $100k to boonmarket.com $100k + 400,000sh to beacon equity/bluefin inc I'd say the pump is on / these also -
http://stockreads.com/Stock-Newsletters-By-Symbol.aspx?stock=GCHK
droppin like a rock :( price answered my own question LOL
or am i interpreting it wrong , as usual?
ggp .68 seems low compared to earnings estimates:
======== [GGP] ZACKS RESEARCH STORY FOR: General Growth Properties =========
(GGP) General Growth Properties CUSIP: 370021107
Chicago, IL TEL: 312-960-5199 FYE: 12 ZRANK: 4
==============================================================================
2/11 Price 52 W Low 52 W High YTD % Chg 10D % Chg 12M P/E FY1 P/E
0.68 0.35 43.83 -47.29 -22.73 4.3 0.2
==============================================================================
ESTIMATE CHANGES FOR THE FISCAL YEAR ENDING DECEMBER 2009
-----------------------------------------------------------------------------
Feb. 9 -- A Major Broker lowered the estimated earnings per share of General
Growth Properties for the fiscal year ending December 2009 to
$2.50 from $3.10.
Feb. 9 -- UBS lowered the estimated earnings per share of General Growth
Properties for the fiscal year ending December 2009 to $2.40 from
$2.42.
> ZACKS >> The Zacks consensus estimate, for the fiscal year ending December
2009 is $2.50. The consensus drawn from estimates made over the
past 30 days is $2.42.
ESTIMATE CHANGES FOR THE QUARTER ENDING DECEMBER 2008
-----------------------------------------------------------------------------
Feb. 9 -- A Major Broker lowered the estimated earnings per share of General
Growth Properties for the quarter ending December 2008 to 74 cents
from $1.03.
> ZACKS >> The Zacks consensus estimate, for the quarter ending December 2008
is 86 cents. The consensus drawn from estimates made over the
past 30 days is 84 cents.
All estimates and earnings are for continuing operations diluted EPS.
REFILE-EchoStar amasses Sirius XM debt- WSJ
Thu Feb 5, 2009 5:52am GMT
Email |Print | Reprints
[-] Text [+] (Refiles to clarify EchoStar had no comment on newspaper report, while Sirius could not be immeditely reached)
Feb 5 (Reuters) - Charles Ergen's EchoStar Corp (SATS.O: Quote, Profile, Research) has quietly accumulated a substantial portion of Sirius XM Satellite Radio Inc's (SIRI.O: Quote, Profile, Research) maturing debt in what could be the first salvo in an attempt to take control of the company, the Wall Street Journal said, citing people familiar with the matter.
Ergen, who controls a satellite-television empire around Dish Network Corp. and EchoStar, recently acquired part of a $300 million tranche of Sirius debt that matures on Feb. 17, the people told the paper.
Sirius recently converted part of the debt to equity, reducing the total debt outstanding to about $175 million, according to the paper.
It is not clear whether Ergen participated in the exchange, the paper said, adding that he could also be buying up senior bank debt, due in May, which trades on the over-the-counter market.
Echostar could be pursuing a plan to use the debt as a way take control of the company either inside or outside of bankruptcy, the Journal said.
An EchoStar spokesman declined to comment on the report. Sirius could not be immediately reached for comment by Reuters.
According to Standard & Poor's, Sirius has $175 million of convertible notes maturing in February, $350 million of secured bank debt due May 2009, and $433 million in convertible notes due December 2009.
In December, Sirius Chief Executive Mel Karmazin said that while the tight credit market has made it difficult to get optimal terms, he is confident the company can refinance the debt. (Reporting by Ajay Kamalakaran in Bangalore; Editing by Kim Coghill)
siri up 80% pass the bucket please
dymh site new/no more under construction cover page kewl!
ha! dymh website new now too! upgrade upgrade upgrade:)
nice!(that site was aggravating) now if they'd just change the name ,get praetornetworks up n runnin we'll be cruisin :)
at least http://www.evermediabiometrics.com has upgraded their website but they forgot the 11/24 news release lol
man this pki place is wired:)!!...
http://www.pki.nebraska.edu/default2.html
Benefits of Partnership
Shaped by a dynamic alliance between education and industry, The Peter Kiewit Institute’s (PKI) mission is to fuel collaboration and to ignite the imagination of faculty, students and business.
Because of this blending of education and industry, the Institute offers exceptional career opportunities for students, and provides a growing labor pool of skilled professionals to the business community.
Benefits
• Keep apprised of cutting-edge technological innovations by utilizing University faculty, staff and students for your business solutions.
• Gain a competitive edge through partnerships and collaborations while providing rewarding job opportunities.
• Involve your business in one of the most innovative engineering and information science institutes in the country through research projects, internships, summer jobs and more.
Facilities
HEAD-IN ROOM
* All cable, fiber, etc. enters through here
o Cable to building is from Lucent
o Electronics from Cisco
o Mostly IBM computer equipment
o 53 miles Electrical Conduit
o 1.2 Million Feet Cabling
o IBM Systems 390 Mainframe donated ($1.2 Million) by IBM
* 8" diameter duct banks under raised flooring
* Overhead cable trays take fiber throughout the facility
o Can carry up to 3 generations of fiber
o Design keeps us state-of-the-art
DISTANCE LEARNING CLASSROOMS (DLC)
* three classrooms on first floor
* equipment donated by Qwest (formerlly US West) and configured by DASCOM
* a 4th room located on the 2nd floor and called the War Room also has DLC capability
* allows for two way communication worldwide via satellite, ATM and Internet
* ability to interface with business, industry, government and educational institutions on breaking technology and engineering/IT practices
COMPUTER LAB
* lab reaches from the western end of the building to the lobby
* contains general user lab and the center section used for IST&E students only utilizing specific software and higher capability machines for these curriculums
* provides smaller break out rooms around the sides of the lab for group problem solving, interaction and networking needs-skills businesses tell us they need
STRUCTURES LAB
* 5,000 square foot lab that is unique in the nation, allowing students and industry to perform destructive testing
* floor system designed with removable concrete slabs that cover support braces, hydraulics and fiber
* Reaction Wall resists up to 1,000,000 lbs. of pressure (Example: bridge beam can be fastened into the floor and attached to the reaction wall to determine its' strength and integrity)
* 25-ton movable crane (largest in a University setting prior was 15 tons)
* utilized for shared research and testing such as conductive pavement exploration
MANUFACTURING TECHNOLOGY LAB
* "floor drains" are actually connections for compressed air, fiber and electricity to the machines
* Spaces adjacent: Concrete lab, metals lab, welding area, tooling area and CAD Lab
* Contains unique manufacturing applications to include rapid prototype technology, precision die cut machinery, robotic lathes and a state-of-the-art robotic conveyer belt system for instruction and manufacturing applications
BUILDING MECHANICAL SYSTEMS
* the systems visible here are usually tucked away and out of sight
* students can observe & even modify the building systems settings to observe reactions
* systems revert back to original settings after a certain period of time
* big yellow CATERPILLAR generator ensures building does not lose power preventing interrupt to computer and other technical equipment
BUILDING SYSTEMS LAB
* systems are isolated from rest of building
* used for instruction, training and testing of the latest applications in HVAC, electrical, fire, security and plumbing systems
INTERNATIONAL LANGUAGE LAB
* "Electronic Window to the World"
* utilizes the latest IBM research and innovation into real time language translation via the internet
INTELLIGENT TRANSPORTATION LAB
* state-of-the-art lab using innovative and manipulative technology for real time data collection of traffic demographics
* partnerships with National Science Foundation, Nebraska Deptartment of Roads, City of Omaha with international potential
LIGHTING LAB
* high-tech lab to serve as a teaching and research facility exploring office ergonomics, impact on mood, productivity, special effects and design influences
NETWORKING LABORATORIES
* latest networking routers, switches, etc. from industry leaders such as Cisco, IBM, Sun and Foundry Networks
GROUP DECISION SUPPORT LAB (aka: "WAR ROOM")
* distance learning capabilities and serves as a strategic decisions classroom
*
* purpose of interface with business, government, or academe for strategic planning, global outreach using abundant technological tools
* often used so students observe how strategic planning and executive decisions are made
TELECOM LABS
* one lab focuses on Engineering Telecom hardware and can simulate performance of all known telecommunications network systems
* outfitted with latest fiber, switching, protocol analysis including Internet2 connections.
* floor has copper wire running through it, all workstations are fully grounded and students will wear bracelets to prevent electric shock and/or static electricity which could interrupt the machine
* partial ceiling allows students to see a finished look as well as what the ceiling hides
* second lab designed to focus on telecommunications software study and research utilized by the college of IS&T
* students in one college have the opportunity to take classes in the other so they could graduate with an understanding of telecommunications from both perspectives - makes for a powerful graduate that will surely be in high demand
MULTIMEDIA LAB
* Used to study multimedia technology (virtual reality, graphics, animation, sound, music and video)
* 3 research directions: 3D animation, synthetic music/digital sound, edit full-motion digital video
* part of an Arts-Media Technology degree thru College of Fine Arts and IS&T
COMPUTER SECURITY 'STEAL' LAB
* system is isolated from rest of building to allow testing of reliability and security as it relates to business systems technologies
CAREER RESOURCE CENTER
* mentors, internships, summer jobs, the Business Seminar Series and other areas related to future careers will be made available to students
* provides "one stop shopping" for students, business, and industry
DYMH .01 ramping up-news: Dynamic Media Holdings, Inc. Announces Research Partnership Be
tween Evermedia Biometrics and the University of Nebra
B: Dynamic Media Holdings, Inc. Announces Research Partnership Between Evermedia
Biometrics and the University of Nebraska's Peter Kiewit Institute ( Market Wir
e )
NEW YORK, NY, Jan 28, 2009 (MARKET WIRE via COMTEX) --
Dynamic Media Holdings, Inc. (PINKSHEETS: DYMH) is pleased to
announce that Evermedia Biometrics Corporation, a wholly owned
subsidiary of Dynamic Media Holdings, Inc., has signed a Memorandum
of Understanding with The Peter Kiewit Institute, one of the nation's
leading institutes for information science, technology and
engineering. The collaborative venture establishes strategic research
and development opportunities at the local, state and national levels.
This will allow Evermedia to advance the working knowledge of
biometric technologies and to further the development of multimodal
biometric identification applications that can be used to enhance
capabilities in areas of security, transportation and access control.
The initial research focus will be the testing and evaluation of
conceptual biometric functionalities using iris recognition algorithms
to identify specific industry applications, particularly in national
defense, finance, banking, and ranching (i.e. cattle). Within these
industries, the aim of the research is to produce cost-effective and
mobile biometric tools to enhance identification management,
verification against ID theft and fraud, and differential diagnosis
and tracking of cultivated animals.
"Our relationship with PKI (The Peter Kiewit Institute) extends
beyond simply having a cutting-edge facility to conduct research,"
says Evermedia CEO Jonathan Sym. "They not only have some of the
brightest students, faculty and staff in the country, but their
leaders truly understand the benefits and value of biometrics
research. PKI and its people are the most forward thinking and
visionary group of academics I've ever had the pleasure to work with.
I think we can build great things together." Additionally, "I am very
grateful to Congressman Lee Terry and Dr. Winnie Callahan for
supporting our goals. We look forward to meeting and surpassing all
of our goals with PKI in the wonderful city of Omaha for years to
come."
Instrumental in establishing a research partnership with The Peter
Kiewit Institute was theU.S. Congressman Lee Terry, representing
Nebraska's 2nd Congressional District. "I have a great deal of
respect for Jonathan's (Sym) entrepreneurship, his military service
to our country, and his efforts to develop security applications in
Nebraska," said the Honorable Lee Terry. "Omaha has a very supportive
infrastructure for growing technology companies like Evermedia
Biometrics and has many resources to enable future success."
Based in Omaha, Nebraska, The Peter Kiewit Institute was conceived in
1996 and is home to the University of Nebraska's (Omaha) College of
Information Science and Technology and the (Lincoln) College of
Engineering. Their state-of-the-art facilities include the Scott
Technology Center with laboratories involved in security technology,
intelligent transportation, grid technology and bioinformatics in
addition to the Holland Computing Center which houses one of the
largest clusters (supercomputers) in the world. "We are pleased and
excited to be working with the Evermedia team," said Dr. Winnie
Callahan, Executive Director of the Peter Kiewit Institute.
"Biometrics is a fascinating technology; one that will become much
more prevalent in the near future. I believe our students will
benefit greatly from working in this growing area of research."
About Evermedia Biometrics
Evermedia Biometrics Corporation, a wholly owned subsidiary of
Dynamic Media Holdings, Inc., develops iris recognition applications
using proprietary, patent-protected biometric technologies. The
Company develops highly accurate physical access control and ID
management solutions. It holds exclusive worldwide rights to license
and develop iris recognition technologies and has two U.S. and four
international patents. The acceptance of iris based biometrics as an
ID management solution is rapidly expanding. Below are a few
applications currently implemented or under development by the
industry:
-- Military: Security Access, Enemy Combatant Identification
-- Airport Security: Quick Check-in, Passport Validation, Access Control
-- Banking: Payment Validation and Authorization
-- E-commerce: Online Transaction Validation
Visit www.evermediabiometrics.com for more information.
About Dynamic Media Holdings, Inc.
Dynamic Media Holdings, Inc. will continue to aggressively expand as
it plans to introduce new products and businesses to the marketplace.
In addition to its media and creative development divisions, the
company is executing a strategy of using its core products to
springboard and launch a diverse array of ancillary products thereby
maximizing its product branding and potential.
Visit www.dymholdings.com for more information.
Forward-Looking Statements: Safe Harbor statement under the Private
Securities Litigation Reform Act of 1995: Except for historical
information contained herein, the matters discussed in this press
release are forward-looking statements that involve risks and
uncertainties, including but not limited to economic, competitive,
governmental and technological factors effecting the Company's
operations, markets, products and prices and other factors discussed
in the Company's various filings with the Securities and Exchange
Commission.
For more information:
Investor Relations
Dynamic Media Holdings, Inc.
(732) 786-8044
Email: Bruce@dymholdings.com
Visit: www.dymholdings.com
SOURCE: Dynamic Media Holdings, Inc.
<a href="mailto:Bruce@dymholdings.com" target="_blank"mailto:Bruce@dymholdings.com</a
http://www.dymholdings.com
Copyright 2009 Market Wire, All rights reserved.
*** end of story ***
and NITE jumps to .015 :) hopefully a sign of good things to come!!
NEEEWWWS !! Dynamic Media Holdings, Inc. Announces Research Partnership Be
tween Evermedia Biometrics and the University of Nebra
B: Dynamic Media Holdings, Inc. Announces Research Partnership Between Evermedia
Biometrics and the University of Nebraska's Peter Kiewit Institute ( Market Wir
e )
NEW YORK, NY, Jan 28, 2009 (MARKET WIRE via COMTEX) --
Dynamic Media Holdings, Inc. (PINKSHEETS: DYMH) is pleased to
announce that Evermedia Biometrics Corporation, a wholly owned
subsidiary of Dynamic Media Holdings, Inc., has signed a Memorandum
of Understanding with The Peter Kiewit Institute, one of the nation's
leading institutes for information science, technology and
engineering. The collaborative venture establishes strategic research
and development opportunities at the local, state and national levels.
This will allow Evermedia to advance the working knowledge of
biometric technologies and to further the development of multimodal
biometric identification applications that can be used to enhance
capabilities in areas of security, transportation and access control.
The initial research focus will be the testing and evaluation of
conceptual biometric functionalities using iris recognition algorithms
to identify specific industry applications, particularly in national
defense, finance, banking, and ranching (i.e. cattle). Within these
industries, the aim of the research is to produce cost-effective and
mobile biometric tools to enhance identification management,
verification against ID theft and fraud, and differential diagnosis
and tracking of cultivated animals.
"Our relationship with PKI (The Peter Kiewit Institute) extends
beyond simply having a cutting-edge facility to conduct research,"
says Evermedia CEO Jonathan Sym. "They not only have some of the
brightest students, faculty and staff in the country, but their
leaders truly understand the benefits and value of biometrics
research. PKI and its people are the most forward thinking and
visionary group of academics I've ever had the pleasure to work with.
I think we can build great things together." Additionally, "I am very
grateful to Congressman Lee Terry and Dr. Winnie Callahan for
supporting our goals. We look forward to meeting and surpassing all
of our goals with PKI in the wonderful city of Omaha for years to
come."
Instrumental in establishing a research partnership with The Peter
Kiewit Institute was theU.S. Congressman Lee Terry, representing
Nebraska's 2nd Congressional District. "I have a great deal of
respect for Jonathan's (Sym) entrepreneurship, his military service
to our country, and his efforts to develop security applications in
Nebraska," said the Honorable Lee Terry. "Omaha has a very supportive
infrastructure for growing technology companies like Evermedia
Biometrics and has many resources to enable future success."
Based in Omaha, Nebraska, The Peter Kiewit Institute was conceived in
1996 and is home to the University of Nebraska's (Omaha) College of
Information Science and Technology and the (Lincoln) College of
Engineering. Their state-of-the-art facilities include the Scott
Technology Center with laboratories involved in security technology,
intelligent transportation, grid technology and bioinformatics in
addition to the Holland Computing Center which houses one of the
largest clusters (supercomputers) in the world. "We are pleased and
excited to be working with the Evermedia team," said Dr. Winnie
Callahan, Executive Director of the Peter Kiewit Institute.
"Biometrics is a fascinating technology; one that will become much
more prevalent in the near future. I believe our students will
benefit greatly from working in this growing area of research."
About Evermedia Biometrics
Evermedia Biometrics Corporation, a wholly owned subsidiary of
Dynamic Media Holdings, Inc., develops iris recognition applications
using proprietary, patent-protected biometric technologies. The
Company develops highly accurate physical access control and ID
management solutions. It holds exclusive worldwide rights to license
and develop iris recognition technologies and has two U.S. and four
international patents. The acceptance of iris based biometrics as an
ID management solution is rapidly expanding. Below are a few
applications currently implemented or under development by the
industry:
-- Military: Security Access, Enemy Combatant Identification
-- Airport Security: Quick Check-in, Passport Validation, Access Control
-- Banking: Payment Validation and Authorization
-- E-commerce: Online Transaction Validation
Visit www.evermediabiometrics.com for more information.
About Dynamic Media Holdings, Inc.
Dynamic Media Holdings, Inc. will continue to aggressively expand as
it plans to introduce new products and businesses to the marketplace.
In addition to its media and creative development divisions, the
company is executing a strategy of using its core products to
springboard and launch a diverse array of ancillary products thereby
maximizing its product branding and potential.
Visit www.dymholdings.com for more information.
Forward-Looking Statements: Safe Harbor statement under the Private
Securities Litigation Reform Act of 1995: Except for historical
information contained herein, the matters discussed in this press
release are forward-looking statements that involve risks and
uncertainties, including but not limited to economic, competitive,
governmental and technological factors effecting the Company's
operations, markets, products and prices and other factors discussed
in the Company's various filings with the Securities and Exchange
Commission.
For more information:
Investor Relations
Dynamic Media Holdings, Inc.
(732) 786-8044
Email: Bruce@dymholdings.com
Visit: www.dymholdings.com
SOURCE: Dynamic Media Holdings, Inc.
<a href="mailto:Bruce@dymholdings.com" target="_blank"mailto:Bruce@dymholdings.com</a
http://www.dymholdings.com
Copyright 2009 Market Wire, All rights reserved.
*** end of story ***
DYMH Dynamic Media Holdings, Inc. Announces Research Partnership Be
tween Evermedia Biometrics and the University of Nebra
B: Dynamic Media Holdings, Inc. Announces Research Partnership Between Evermedia
Biometrics and the University of Nebraska's Peter Kiewit Institute ( Market Wir
e )
NEW YORK, NY, Jan 28, 2009 (MARKET WIRE via COMTEX) --
Dynamic Media Holdings, Inc. (PINKSHEETS: DYMH) is pleased to
announce that Evermedia Biometrics Corporation, a wholly owned
subsidiary of Dynamic Media Holdings, Inc., has signed a Memorandum
of Understanding with The Peter Kiewit Institute, one of the nation's
leading institutes for information science, technology and
engineering. The collaborative venture establishes strategic research
and development opportunities at the local, state and national levels.
This will allow Evermedia to advance the working knowledge of
biometric technologies and to further the development of multimodal
biometric identification applications that can be used to enhance
capabilities in areas of security, transportation and access control.
The initial research focus will be the testing and evaluation of
conceptual biometric functionalities using iris recognition algorithms
to identify specific industry applications, particularly in national
defense, finance, banking, and ranching (i.e. cattle). Within these
industries, the aim of the research is to produce cost-effective and
mobile biometric tools to enhance identification management,
verification against ID theft and fraud, and differential diagnosis
and tracking of cultivated animals.
"Our relationship with PKI (The Peter Kiewit Institute) extends
beyond simply having a cutting-edge facility to conduct research,"
says Evermedia CEO Jonathan Sym. "They not only have some of the
brightest students, faculty and staff in the country, but their
leaders truly understand the benefits and value of biometrics
research. PKI and its people are the most forward thinking and
visionary group of academics I've ever had the pleasure to work with.
I think we can build great things together." Additionally, "I am very
grateful to Congressman Lee Terry and Dr. Winnie Callahan for
supporting our goals. We look forward to meeting and surpassing all
of our goals with PKI in the wonderful city of Omaha for years to
come."
Instrumental in establishing a research partnership with The Peter
Kiewit Institute was the U.S. Congressman Lee Terry, representing
Nebraska's 2nd Congressional District. "I have a great deal of
respect for Jonathan's (Sym) entrepreneurship, his military service
to our country, and his efforts to develop security applications in
Nebraska," said the Honorable Lee Terry. "Omaha has a very supportive
infrastructure for growing technology companies like Evermedia
Biometrics and has many resources to enable future success."
Based in Omaha, Nebraska, The Peter Kiewit Institute was conceived in
1996 and is home to the University of Nebraska's (Omaha) College of
Information Science and Technology and the (Lincoln) College of
Engineering. Their state-of-the-art facilities include the Scott
Technology Center with laboratories involved in security technology,
intelligent transportation, grid technology and bioinformatics in
addition to the Holland Computing Center which houses one of the
largest clusters (supercomputers) in the world. "We are pleased and
excited to be working with the Evermedia team," said Dr. Winnie
Callahan, Executive Director of the Peter Kiewit Institute.
"Biometrics is a fascinating technology; one that will become much
more prevalent in the near future. I believe our students will
benefit greatly from working in this growing area of research."
About Evermedia Biometrics
Evermedia Biometrics Corporation, a wholly owned subsidiary of
Dynamic Media Holdings, Inc., develops iris recognition applications
using proprietary, patent-protected biometric technologies. The
Company develops highly accurate physical access control and ID
management solutions. It holds exclusive worldwide rights to license
and develop iris recognition technologies and has two U.S. and four
international patents. The acceptance of iris based biometrics as an
ID management solution is rapidly expanding. Below are a few
applications currently implemented or under development by the
industry:
-- Military: Security Access, Enemy Combatant Identification
-- Airport Security: Quick Check-in, Passport Validation, Access Control
-- Banking: Payment Validation and Authorization
-- E-commerce: Online Transaction Validation
Visit www.evermediabiometrics.com for more information.
About Dynamic Media Holdings, Inc.
Dynamic Media Holdings, Inc. will continue to aggressively expand as
it plans to introduce new products and businesses to the marketplace.
In addition to its media and creative development divisions, the
company is executing a strategy of using its core products to
springboard and launch a diverse array of ancillary products thereby
maximizing its product branding and potential.
Visit www.dymholdings.com for more information.
Forward-Looking Statements: Safe Harbor statement under the Private
Securities Litigation Reform Act of 1995: Except for historical
information contained herein, the matters discussed in this press
release are forward-looking statements that involve risks and
uncertainties, including but not limited to economic, competitive,
governmental and technological factors effecting the Company's
operations, markets, products and prices and other factors discussed
in the Company's various filings with the Securities and Exchange
Commission.
For more information:
Investor Relations
Dynamic Media Holdings, Inc.
(732) 786-8044
Email: Bruce@dymholdings.com
Visit: www.dymholdings.com
SOURCE: Dynamic Media Holdings, Inc.
mailto:Bruce@dymholdings.com
http://www.dymholdings.com
Copyright 2009 Market Wire, All rights reserved.
*** end of story ***
lovin stem , dymh charts ! sscc gamblin a little for the bounce
WAAHHOOO!!nice action for a change awesome l8tr yall :)
hmmm nites got bid up to .007 now ? dymh 007x0075 tight ! interesting they never had a reason to take bid up... unless somethin's a brewin perhaps :) ?!!!
damn...nice accumulation lately, people gettin ready?!!:)
happy new year TGL wishin ya all the best in 2009 !!
we're just zombies in limbo till they start anouncing Contracts or at the very least-update websites and finalize management /name changes....also waiting for http://www.praetornetworks.com which jonathan already owns to be up and running as a sign of "some--or any forward "progress LOL
Its gotta go soon ,they got so much in the works therell be no holdin it back...just wish theyd be more transparent bout what they're up to!!gltyall
dymh .006 one tick at a time we're on our way up lol!!!
Very alive Art!!apparently they've been pretty busy ..praeter , joint venture, defence contractors ... earnings positive by 2q 09?!awe !!!some
Dynamic Media Holdings, Inc. Announces Business and Technology
Development Plan ( Market Wire )
B: Dynamic Media Holdings, Inc. Announces Business and Technology Development Pl
an ( Market Wire )
MANALAPAN, NJ, Nov 24, 2008 (MARKET WIRE via COMTEX) --
Dynamic Media Holdings, Inc. (PINKSHEETS: DYMH) is pleased to
announce its business and technology development plan. With the
recent acquisition of Evermedia Biometrics Corporation, the
management team of Dynamic has been developing and executing an
aggressive business model and plan as it continues its efforts to
establish a strong presence and foothold in the biometrics sector.
The company also announces that it has signed a Letter of Intent to
joint venture with a Pennsylvania-based technology and security
company. This strategic partnership will strengthen the company's
ability to provide services to large-scale biometrics projects as
well as enhancing its core competencies and capabilities. A
definitive joint venture agreement is expected to be finalized no
later than December 15, 2008. Furthermore, the company has also
entered into a teaming agreement with a defense contractor to provide
biometric support services to federal agencies. Details of these
exciting and potentially lucrative agreements are forthcoming. The
company will soon release future research and development initiatives,
revenue forecasts and key additions to the Board of Directors and
Officers.
Focusing our initial biometric applications for military and
government use, the company's management is encouraged that U.S.
agencies and departments have dramatically increased their budgets
over the past few years and reconfirmed their commitment for further
biometrics research and development. Dynamic estimates that demand
for enhanced security applications will continue to be very robust.
Based on published data, governments around the world have made
significant commitments to invest in biometric technologies.
"I am very excited about the business opportunities in our space as
the industry continues to show aggressive expansion," says Jonathan
Sym, the named CEO of Dynamic. "I expect our company to show
sustainable growth as our expected revenue streams will be derived
primarily from government funded initiatives and companies whose
products and services are non-cyclical in nature. Based on our
activities to date, I believe we will be earnings positive in Q2 of
2009."
Additionally, Dynamic Media Holdings, Inc. will change its name to
Praetor Networks, Inc., to reflect its new direction into the
technology sector. Details of recent developments, including a
comprehensive company overview, an updated business and technology
development plan will be available shortly for viewing on the company
website.
About Evermedia Biometrics:
Evermedia Biometrics Corporation develops iris recognition
applications using proprietary, patent-protected biometric
technologies. The Company develops highly accurate physical access
control and ID management solutions. It holds exclusive worldwide
rights to license and develop iris recognition technologies and has
two U.S. and four international patents. The acceptance of iris-based
biometrics as an ID management solution is rapidly expanding. Below
are a few applications currently implemented or under development by
the industry:
* Military: Security Access, Enemy Combatant Identification
* Airport Security: Quick Check-in, Passport Validation, Access Control
* Banking: Payment Validation and Authorization
* E-commerce: Online Transaction Validation
Visit www.evermediabiometrics.com for more information.
About Dynamic Media Holdings, Inc.
Dynamic Media Holdings, Inc. will continue to aggressively expand as
it plans to introduce new products to the marketplace. In addition to
its media and creative development divisions, the company is executing
a strategy of using its core products to springboard and launch a
diverse array of ancillary products thereby maximizing its product
branding and potential. Visit www.dymholdings.com for more
information.
Forward-Looking Statements: Safe Harbor statement under the Private
Securities Litigation Reform Act of 1995: Except for historical
information contained herein, the matters discussed in this press
release are forward-looking statements that involve risks and
uncertainties, including but not limited to economic, competitive,
governmental and technological factors effecting the Company's
operations, markets, products and prices and other factors discussed
in the Company's various filings with the Securities and Exchange
Commission.
For more information:
Investor Relations
Dynamic Media Holdings, Inc.
(732) 786-8044
Email: Bruce@dymholdings.com
Visit: www.dymholdings.com
SOURCE: Dynamic Media Holdings, Inc.
mailto:Bruce@dymholdings.com
http://www.dymholdings.com
Copyright 2008 Market Wire, All rights reserved.
*** end of story ***
DYMH Dynamic Media Holdings, Inc. Announces Business and Technology
Development Plan ( Market Wire )
B: Dynamic Media Holdings, Inc. Announces Business and Technology Development Pl
an ( Market Wire )
MANALAPAN, NJ, Nov 24, 2008 (MARKET WIRE via COMTEX) --
Dynamic Media Holdings, Inc. (PINKSHEETS: DYMH) is pleased to
announce its business and technology development plan. With the
recent acquisition of Evermedia Biometrics Corporation, the
management team of Dynamic has been developing and executing an
aggressive business model and plan as it continues its efforts to
establish a strong presence and foothold in the biometrics sector.
The company also announces that it has signed a Letter of Intent to
joint venture with a Pennsylvania-based technology and security
company. This strategic partnership will strengthen the company's
ability to provide services to large-scale biometrics projects as
well as enhancing its core competencies and capabilities. A
definitive joint venture agreement is expected to be finalized no
later than December 15, 2008. Furthermore, the company has also
entered into a teaming agreement with a defense contractor to provide
biometric support services to federal agencies. Details of these
exciting and potentially lucrative agreements are forthcoming. The
company will soon release future research and development initiatives,
revenue forecasts and key additions to the Board of Directors and
Officers.
Focusing our initial biometric applications for military and
government use, the company's management is encouraged that U.S.
agencies and departments have dramatically increased their budgets
over the past few years and reconfirmed their commitment for further
biometrics research and development. Dynamic estimates that demand
for enhanced security applications will continue to be very robust.
Based on published data, governments around the world have made
significant commitments to invest in biometric technologies.
"I am very excited about the business opportunities in our space as
the industry continues to show aggressive expansion," says Jonathan
Sym, the named CEO of Dynamic. "I expect our company to show
sustainable growth as our expected revenue streams will be derived
primarily from government funded initiatives and companies whose
products and services are non-cyclical in nature. Based on our
activities to date, I believe we will be earnings positive in Q2 of
2009."
Additionally, Dynamic Media Holdings, Inc. will change its name to
Praetor Networks, Inc., to reflect its new direction into the
technology sector. Details of recent developments, including a
comprehensive company overview, an updated business and technology
development plan will be available shortly for viewing on the company
website.
About Evermedia Biometrics:
Evermedia Biometrics Corporation develops iris recognition
applications using proprietary, patent-protected biometric
technologies. The Company develops highly accurate physical access
control and ID management solutions. It holds exclusive worldwide
rights to license and develop iris recognition technologies and has
two U.S. and four international patents. The acceptance of iris-based
biometrics as an ID management solution is rapidly expanding. Below
are a few applications currently implemented or under development by
the industry:
* Military: Security Access, Enemy Combatant Identification
* Airport Security: Quick Check-in, Passport Validation, Access Control
* Banking: Payment Validation and Authorization
* E-commerce: Online Transaction Validation
Visit www.evermediabiometrics.com for more information.
About Dynamic Media Holdings, Inc.
Dynamic Media Holdings, Inc. will continue to aggressively expand as
it plans to introduce new products to the marketplace. In addition to
its media and creative development divisions, the company is executing
a strategy of using its core products to springboard and launch a
diverse array of ancillary products thereby maximizing its product
branding and potential. Visit www.dymholdings.com for more
information.
Forward-Looking Statements: Safe Harbor statement under the Private
Securities Litigation Reform Act of 1995: Except for historical
information contained herein, the matters discussed in this press
release are forward-looking statements that involve risks and
uncertainties, including but not limited to economic, competitive,
governmental and technological factors effecting the Company's
operations, markets, products and prices and other factors discussed
in the Company's various filings with the Securities and Exchange
Commission.
For more information:
Investor Relations
Dynamic Media Holdings, Inc.
(732) 786-8044
Email: Bruce@dymholdings.com
Visit: www.dymholdings.com
SOURCE: Dynamic Media Holdings, Inc.
mailto:Bruce@dymholdings.com
http://www.dymholdings.com
Copyright 2008 Market Wire, All rights reserved.
*** end of story ***
still have hope that they're holdin big news back until they get settled in johnstown :) !
i'll 2nd that with an...uuughh?!
woohoo.003 f'in awesome can we get trip 0's ;o so far gone its ridiculous oooh so glad im still stuck w/untradeable warrants
grrr i hate the concept of electoral college !!!one can win MAJORITY VOTE and still lose election wtf majority should rule if 100 million people vote for one and 110 million peple vote for another the 110 should win instead of electoral college saying whats right for us all grrrrrrr
dots can connect u to conspiring with pino then too, correct?if not being pino LOL ...hey they're youre dots too dont forget :) lol
"i'm just a happyidiot,struggling for that legal tender" jackson brown>
light and dark can also be connected you and pino can be connected its like the six degrees of kevin bacon anything can be connected in the psycho/conspirators mind
u gotta be the healthiest guy on ihub..congrats i think an award is in order
why yes and ive been utilizing this information all day to try and improve my health & well being.... beats exercise and medications :)lol
make sure you bet on the most flatulent horse ;)lowest bp wins the race lol
the other crook is hiding in plain sight AKA dtcc and your friendly neighborhood broker