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Info that I'm finding about CIG is that it is more of a conglomerate??
Nope upon further research that is a different CIG.
Looking over the article I don't see anything whether it will public or private co. post merger. Yea I realize that they've only signed a MOU. Any thoughts from the group here??
CIG and TXP Agree to Merge
Thursday August 21, 1:53 pm ET
Combination Creates Leading Independent Supplier of Next Generation Optical Network Terminals for Fiber-to-the-Home Market
RICHARDSON, TX and BEIJING--(MARKET WIRE)--Aug 21, 2008 -- TXP Corporation (OTC BB:TXPO.OB - News), an Original Design Manufacturer (ODM) for the telecommunications industry based in Richardson, Texas, and Cambridge Industry Group (CIG), a privately held, leading R&D and OEM supplier of FTTH (fiber-to-the-home) Customer Premise Equipment (CPE) based in Shanghai, China, announced today that they have signed a Memorandum of Understanding (MoU) to merge the two companies. The merger brings together two leading independent suppliers of Passive Optical Network (PON) Optical Network Terminal (ONT) solutions to form the world's largest ODM and services business focused on FTTH CPE.
The combined company would have the industry's widest family of ONT solutions, supporting a broad array of both indoor and outdoor PON ONTs as well as residential gateways for the worldwide market. Furthermore, the consolidation of R&D and customer service resources will give the combined company an enhanced capability to better serve its global customer base while continuing to develop next generation FTTH CPE products.
In addition, the merger is expected to allow the combined company to enter a new phase of cost leadership in the highly competitive FTTH access market, supporting the transition to aggregated supply of GPON CPE.
With complementary product suites and customer bases, the deal doubles the customer count for GPON ONTs over that of each individual company, making CIG-TXP the number one independent supplier of GPON ONTs in the world. The merger will enable the combined company to leverage manufacturing volumes and yield savings through consolidation of its supply chain in China. The combination will also be better equipped to support sales, marketing and customer service efforts around the world.
"Together, CIG and TXP are better equipped to address the total needs of our global base of customers for GPON access," says Michael C. Shores, President and Chief Executive Officer of TXP.
Gerald G. Wong, CEO of Cambridge Industries Group, notes, "A combined company brings a new independent supplier of GPON ONTs to market that is capable of delivering carrier-class products at CPE pricing levels." He adds, "Together, our two companies will be able to offer the most advanced ONTs in the industry, interoperable with more carriers than any other provider, and at extremely compelling price points, while still maintaining sufficient margins to ensure sustained profitability and maximum value for shareholders."
TXP generated approximately $11.0 million in revenue in 2007, up from $8.2 million in 2006. CIG generated approximately $10.2 million in revenue in 2007, up from $1.9 million in 2006. The merger is expected to close before year-end.
About TXP
TXP is an Original Design Manufacturer (ODM) for the telecommunications industry. Based in Richardson, Texas, TXP has three primary business units: TXP-Prototyping, ONT and Retrofit Solutions. TXP-ONT Solutions develops and markets, via an ODM model, a line of Carrier-Class CPE products including home gateways and the world's broadest independent family of ONT products to both OEMs and ILECs. ONTs are used in FTTH-based services to terminate the passive optical network at the home or business location, and enable integrated voice, video and high-speed internet access. TXP-Retrofit Solutions provides custom engineered kits that enable ILEC's to upgrade their local access service delivery infrastructure at minimum cost and time, enabling a wide range of next generation telecom platforms to easily fit into the variety of remote OSP cabinets that have been broadly deployed over the last 30 years. For more information visit: www.txpcorp.com
About CIG
Founded in June 2005, with R&D and manufacturing based in Shanghai, China, Cambridge Industries Group (CIG) is a leading independent telecom OEM supplier focusing on FTTH, especially PON (GPON and GEPON) CPE equipment, which is an essential and integral part of PON system vendors' and service providers' end-to-end FTTH solutions. CIG's complete GPON CPE portfolio includes products such as ONT, ONU, MDU, and residential gateways, which are already in mass deployment throughout the world via CIG's multiple system vendor partners. Unlike traditional OEM business models, CIG's business model focuses on the vertical integration of in-house carrier-class R&D, quality production and delivery, and global services. CIG is therefore capable of supplying our partners with a rich variety of CPE products with reduced cost, enhanced features, the possibility of customized solutions, and quality and volume deliveries. For more information visit: www.ci-g.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are "forward-looking statements" that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission which may cause actual results, performance and achievements of the company to be materially different from any future results, performance or achievements expressed or implied.
Contact:
Media:
Kevin Tanzillo
Dux PR
(903) 865-1078
Investor Relations:
David K. Waldman / Klea K. Theoharis
Crescendo Communications
(212) 671-1020
I recently went to Kokopelli's website, I'm getting the impression that the Toledo location has closed. Does anyone have info that might counter that??
It seems as though Bertha is breaking up according to the last weather I had seen.
Still lurking seems to be more action over the Y board.
I think we have something to get excited about with this one.
Anyone heard anything about Terry Turpin's pesentation yet, at the Gilder/Forbes conference??
Their dividend is currently suspended. I'm hoping they get things straightened around and start paying it again.
Good Stuff....
I would also think they would get their ducks in a row to have financing by months end. I also would like to thank skidos on the LWLG(TDON) I'm smilin on that one right now.
Jim and skidos, thanks for doing a really great job on the ibox!!
Hmmm, up yet again this morning. I know it's early in the day, gotta love the legs this one has developed.
I'd imagine we in for somewhat of a pullback after that run, wouldn't you think??
I agree 4K9P, I like the communication.
Nothing wrong with being optimistic.....
Alaska Airlines, Horizon Air to Serve Jones Soda on Flights
Tuesday February 12, 8:00 am ET
SEATTLE, Feb. 12 /PRNewswire/ -- Alaska Airlines and Horizon Air today announced they have selected Seattle-based Jones Soda Co. as their new soda drink partner. Beginning April 1, Alaska and Horizon will serve Jones Soda's premium sodas on 1,000 daily flights.
The airlines will offer customers complimentary canned Jones Pure Cane Cola, Sugar-Free Cola, Lemon Lime and Sugar-Free Cream Soda beverages, with additional flavors periodically offered. Jones Soda products are the only nationally distributed sodas sweetened with pure cane sugar instead of high fructose corn syrup.
"This is a natural partnership," said Greg Latimer, managing director brand and product marketing. "Just like Alaska and Horizon, Jones Soda calls Seattle home and has a passion for quality and innovation. We're thrilled to be the only airlines offering customers such a premium complimentary soft drink."
"To us, Alaska and Horizon are much more than customers," said Scott Bedbury, chairman of Jones Soda. "They are a great Pacific Northwest success story known for their innovative spirit. We look forward to introducing our products to millions of Alaska and Horizon customers on flights across the country and beyond."
Jones Soda is the latest premium beverage product to be offered on Alaska's flights. The airline also serves award-winning Alaskan Amber beer, Athena® bottled water and Red Bull Energy Drink. On its new flights to Hawaii, the airline offers Kona Longboard Island Lager and Johnny Love Aloha Vodka.
Both airlines will continue to serve complimentary ginger ale, tonic water, club soda, coffee, tea, water and juices. Horizon also offers complimentary premium Northwest wines and microbrews.
Jones Soda Co. (Nasdaq: JSDA - News) markets and distributes premium beverages under the Jones Soda, Jones Pure Cane Soda, Jones 24C, Jones Energy, Jones Organics, Jones Naturals and Whoopass brands and sells through distribution network in markets across North America. A leader in the premium soda category, Jones is known for its variety of flavors and innovative labeling technique that incorporates always-changing photos sent in from its consumers. Jones Soda is sold through traditional beverage retailers and everywhere you'd never expect to find a soda. For more information, visit jonessoda.com and myjones.com.
Alaska Airlines and Horizon Air together serve 92 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico. For reservations, visit alaskaair.com. For more news and information, visit the Alaska Airlines/Horizon Air Newsroom at alaskaair.com/newsroom.
Nice end of the day!!
Yes Merry Christmas to ALL!!!! GO UVE!!!
Franchise Capital Corporation Announces Initial Sales of Aero Exhaust Products From New UK Distributor as Part of Expansion Into European Markets
Friday December 21, 8:45 am ET
First Shipment to UK Distributor Sold Out; Immediate Re-Order Is Expected
MURRIETA, CA--(MARKET WIRE)--Dec 21, 2007 -- Franchise Capital Corporation (Other OTC:FCCN.PK - News), which recently closed its acquisition of Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced the initial sales of Aero products through its new distributor in the United Kingdom, Dynoflow Exhaust (http://www.dynoflow.co.uk/index.html). The relationship with Dynoflow is one component of Aero's broader European distribution strategy, which has been launched with Dynoflow and its first order of Aero's products.
In early November, Aero supplied Dynoflow with its first shipment of direct fit muffler products in the Turbine and Stealth lines, as well as the recently released STX muffler product. The STX product line combines the technology of the Turbine muffler with the sound reduction and quality of the Stealth line. Dynoflow has experienced good success with the Aero products from the first shipment, and an additional order from Dynoflow is anticipated in the coming days.
Beyond this first European distributor relationship, Aero expects to establish distribution of its products in additional European countries in the first calendar quarter of 2008.
"There continues to be a high level of interest for Aero mufflers and exhaust systems, and the initial demand in Britain affirms that Aero has significant potential in international markets -- as well as domestically," commented Bryan Hunsaker, chief executive officer of Franchise Capital and Aero Exhaust. "We are pleased to have a great working relationship with Dynoflow and look forward to a steady supply of re-orders for this market. As the Euro has increased in value against the U.S. dollar, so has the European interest in American products, and we hope to capitalize on that interest. Our EU patent-pending confirms our interest in the European market. In addition to the Dynoflow relationship, we expect to announce distribution in other European countries as soon possible."
"I would also like to use this opportunity to let shareholders know that Aero management is firmly focused on building revenues and value as quickly as possible, and we will announce additional milestones in the execution of our business strategy as they occur. 2008 is projected to be an exciting year for Aero, and we look forward to continued progress in the marketing of the company's products, as well as in expanded distribution and sales," Mr. Hunsaker added.
To sign up to receive information by email directly from Franchise Capital Corporation whenever new press releases, investor newsletters, SEC filings, and other written material is issued, please visit http://www.franchisecapitalcorp.net.
About Aero Exhaust:
Aero Exhaust is a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate website, www.aeroexhaust.com.
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding, inability to complete required SEC filings, and others set forth in the Company's report on Form 10-K for fiscal year 2007 filed with the Securities and Exchange Commission.
Contact:
CONTACT:
Gemini Financial Communications, Inc.
A. Beyer
951-677-8073
Outstanding find!!
Posted a loss this qtr, they did state that 4th qtr should be much better because of military contracts.
12/05/07 4:50 AM
Restricted for 2 years.
Quietly moving up the past few days...
sure like the move up today!! this can't be only on the adding of an adviser can it??
My online broker doesn't really provide good bid/ask info on a lot of pinks. So I use the quote page at pinksheets.com when I'm placing an order.
I also would like to receive the pdf.
pineyhill@gmail.com
Been in this one since the time it used to pay a dividend. Some think Mgt might take it private.
Nice post, makes sense.....
Looks like we might struggle to stay above $30....
New symbol GLSN.pk and a 25:1 RS.......
Good news today about revision of guidance....should be a positive day!!
Starbucks decided to change directions, the amount of sales they generated in minor compared to what we're gonna see with this national rollout.
Getting close though.
Unfortunately not I bought my first FCCN back in the Kokopelli days.
Added my last at .008.
I'm now up to 85,000 shares. GLTA longs.
I also had an order @ .008 which didn't fill....
I've raised my stake to 60k.