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LOL interesting.. you know the iPhone is supposed to have a learning dictionary.. Herr Christoff. lol.
NASD = NAZI?? lol.
STAA - thoughts? how's the chart look.. i looked and from what i can tell looks good but.. ahem lol.
Surgical to Purchase Canon's Interest in Japanese Joint Venture PR Newswire "US Press Releases "
MONROVIA, Calif , Oct. 26 /PRNewswire-FirstCall/ -- STAAR Surgical Company (Nasdaq: STAA), a leading developer, manufacturer and marketer of minimally invasive ophthalmic products, today announced that it has entered into an agreement to acquire the interests of all other shareholders in Canon Staar Co., Inc. , a joint venture that was formed by STAAR, Canon Inc. and Canon Marketing Japan, Inc. in 1988 to develop, manufacture and sell in Japan products using STAAR's technology. On the closing of the transaction the entity will be renamed STAAR Japan, Inc. and become a wholly owned subsidiary of STAAR.
At closing STAAR will pay to the Canon companies $4 million in cash and 1.7 million newly issued shares of Series A Convertible Preferred Stock, and will acquire the 50% interest in Canon Staar currently owned by the Canon companies. The Series A Convertible Preferred Stock will be convertible into common stock at a one-to-one ratio, and under certain circumstances will be redeemable for cash at $4 per share.
Canon Staar's current business consists of manufacturing and selling the Preloaded Injector, which is a silicone or acrylic intraocular lens packaged and shipped in a pre-sterilized, disposable injector ready for use in cataract surgery. Canon Staar is also currently seeking approval from the Japanese regulatory authorities to market in Japan STAAR's Visian(R) ICL(TM), Collamer(R) IOL and AquaFlow(R) Device. Canon Staar recorded worldwide sales of $10.4 million in fiscal year 2006.
At closing STAAR Japan will take over the intraocular lens distribution business currently operated by Canon Marketing Japan and will be able to directly market its products. Ownership of STAAR Japan, and the termination of the principal joint venture agreements, will also give STAAR exclusive control over the rights to use STAAR's patents and other proprietary technology in Japan and China that were licensed to the joint venture at its inception in 1988 and under a Settlement Agreement entered into in 2001.
"The buy-out of Canon Staar brings us to a significant milestone in our international growth strategy," said David Bailey, President and CEO of STAAR Surgical. "We will have the capability to sell our cataract products directly in the large and growing Japanese market, which should yield enhanced gross margins and greater control over marketing and distribution. Our experience in Korea also suggests that with potential approval of our refractive products, the Visian ICL(TM) and Visian TICL(TM), Japan could become a large growth market for us. This transaction also strengthens our intellectual property position in Preloaded Injectors, which we believe will become the standard of care.
"Our partnership with the Canon companies has nurtured a technologically outstanding ophthalmic device maker in Japan ," Mr. Bailey added. "Canon Staar introduced the world's first Preloaded Injector in 2003 and the first acrylic Preloaded Injector in 2006, and we believe it maintains leadership in this technology. The Canon companies' decision to sell their interest in this business gives STAAR, with its smaller scale and exclusive focus on ophthalmic implants, an opportunity to realize the full potential of the resources that we jointly developed in Japan . The significant stake in STAAR's equity that the Canon companies will have after the buy-out reflects both the importance of Canon's contribution to STAAR's future success and, we believe, the Canon companies' understanding that fully integrating the Japanese business into STAAR's worldwide business could yield significant value for our stockholders."
Canon Staar's acrylic Preloaded Injector, currently approved for sale in Japan and China , employs an acrylic lens supplied Nidek Co., Ltd. under an arrangement that will continue after the transaction. Nidek has also acted as a Japanese subdistributor for Canon Staar's silicone Preloaded Injectors, and STAAR anticipates that Nidek will continue to handle this sales channel after the closing of the transaction.
The closing of the acquisition is subject to customary closing conditions and is scheduled to occur on December 28, 2007 or after all conditions to closing have been met. STAAR has sufficient cash reserves to pay the cash consideration under the Purchase Agreement and complete the transaction. STAAR may, however, elect to seek financing for the transaction and additional working capital purposes. Based on recent indications of interest, STAAR believes it could obtain such financing on reasonably acceptable terms should it choose to do so.
About STAAR Surgical
STAAR is a leader in the development, manufacture and marketing of minimally invasive ophthalmic products employing proprietary technologies. STAAR's products are used by ophthalmic surgeons and include the Visian ICL, a tiny, flexible lens implanted to correct refractive errors, as well as innovative products designed to improve patient outcomes for cataracts and glaucoma. Manufactured in Switzerland by STAAR, the ICL is approved by the FDA for use in treating myopia, has received CE Marking and is sold in more than 40 countries. More than 85,000 ICLs have been sold worldwide. More information is available at http://www.staar.com.
Forward Looking Statements
All statements in this press release that are not statements of historical fact are forward-looking statements, including statements regarding the proposed acquisition of the Canon companies' interest in Canon Staar Co., Inc. , the prospects for successful completion of that transaction, the effect of the transaction on STAAR and its business, the availability of financing, and any other statements of the plans, strategies, and objectives of management for future operations, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The risks and uncertainties include the need of the parties to satisfy contractual conditions before the acquisition of the Canon companies' interests in Canon Staar may close, the risk that STAAR may elect to close the transaction even if some conditions are not met or it discovers negative information about Canon Staar prior to closing, the risk that STAAR may not successfully integrate the Canon Staar business or employees into its overall business, the risk that key employees of Canon Staar may leave after closing, the risk that removal of the Canon name from Canon Staar and its products may reduce its goodwill or the acceptance of its products, the risk that Canon Staar may not sustain current or prior sales levels or achieve projected levels, the risk that STAAR's limited access to information has limited its ability to assess the projections provided to STAAR by Canon Staar's management, the risk that Japanese regulators may not approve the sale of the ICL or Collamer, the risk of operating a foreign subsidiary with limited direct oversight, the risk that applying U.S. accounting standards and controls and procedures over financial reporting may be more difficult, more expensive or more time-consuming than anticipated, STAAR's need to rely on the completeness and accuracy of information provided during its investigation of Canon Staar's business, the risk that financing for the transaction or for additional working capital purposes may be more difficult to obtain than anticipated and may not be available on reasonable terms, if at all, and other factors beyond our control, including those detailed from time to time in our reports filed with the Securities and Exchange Commission . STAAR assumes no obligation to update these forward-looking statements to reflect future events or actual outcomes and does not intend to do so.
CONTACT:
Investors Media
EVC Group EVC Group
Jennifer Beugelmans, 646-201-5447 Jen Saunders, 646-201-5431
Douglas Sherk, 415-896-6820
SOURCE STAAR Surgical Company
Thanks mate.
we took a crapper on 100k shares? odd. doesnt spell good bid support does it?
i see it but what does it mean... sorry. newb.
IHGO still .02 x .05 active trading today at .05-.06 level. we're down on the last sale at .04 for 5k.
Total of 42,800 shares traded today. Looks good.
Mint. ty.
wait. so it didn't increase to the larger amount as he'd mentioned it would?
so where'd the volume go.. hrm.
Hrm.. who created the board then.
great call Rig!
ah that explains it. thanks. =)
well google allows for free spreadsheets online now. if we were to all signup for a gmail account for this purpose and modify that spreadsheet.. it could be done.. unless someone has a online DB they'd let us have access to. etc.
Well we've got retail bidding at .21 and then HDSN/UBSS sitting around .15
yes it does. though retail flippers seem to be killing the run.
so you did! appologies next time i'll refresh before I post. i saw someone pickup the .185's and i was starring at the spread going.. hrmm.. as if someone bought.. then it UT to .20 and i was like crap lemme get my order in lol. cheers mate.
IFHR .225 x .24
IFHR .18x.2 Merger news
INfe Human Resources (IFHR) Executes LOI to Merge With $25 Million IT Services Firm; Merger Projected to Quadruple IFHR's Revenue & EBITDA Market Wire "US Press Releases "
LAS VEGAS, NV -- (MARKET WIRE) -- 10/24/07 -- INfe Human Resources, Inc. (OTCBB: IFHR) has executed a definitive Letter of Intent to merge with Time Quantum, an IT services and solutions company with audited 2006 revenues of $21 million and a current run rate of $25 million . Per the terms of the agreement, Time Quantum will merge into a newly formed wholly owned subsidiary of INfe Human Resources via an exchange of equity securities. The proposed merger is expected to quadruple the size and strength of INfe Human Resources, creating a combined 2008 run rate of $32 million and projected EBITDA profit of $1.5 million .
Time Quantum (TQ) is a South Africa -based IT services and solutions company serving top tier private and public sector clients in South Africa and neighboring countries. Customers include government agencies such as the South African Revenue Services, Eskom (African Utilities) and the North West Province Department of Finance , large banks and insurance companies such as Standard Bank , First National Bank, ABSA (Barclays) and Discovery Insurance, and large telecommunications companies such as Telkom and Vodacom.
TQ is growing at a steady rate of 10 to 15% per year and currently retains approximately 240 skilled contractors and staff. The company operates four thriving divisions--consulting, software development, software quality assurance, and banking and promotions solutions. TQ is three years old and was created as a result of a successful management buyout of a profitable 15 year old business.
INfe Human Resources is also growing quickly. As announced this week, the staffing company achieved a 46.5% gain in nine month year to year sales and a 55.5% increase in gross margins. INfe Human Resources met its top line sales and gross profit growth projections with nine month sales (to August 31, 2007 ) of $6.3 million and a gross profit of $1.173 million . This is up substantially from the same period last year, when sales were $4.3 million and gross profit was $755,000 .
INfe Human Resources CEO Arthur D. Viola commented: "We are extremely pleased to be moving forward with TQ, an outstanding organization with projected revenue of $25 million and expected EBITDA of $1.2 million on a run-rate basis. At INfe Human Resources we eagerly anticipate adding TQ's revenues and profits to our financial statements as we continue to execute our acquisition strategy with the use of equity securities packages. This transaction is a terrific opportunity to accelerate the growth of our company and propel INfe Human Resources to the next level of revenues and profitability."
Contact
For further information about this release contact Rich Kaiser, Investor relations, YES INTERNATIONAL, 800-631-8127, www.ifhrinfo.com.
Safe Harbor
This release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995; involve risks and uncertainties which could cause actual results to differ from those statements contained herein.
Contact:
Rich Kaiser
Investor relations
YES INTERNATIONAL
800-631-8127
www.ifhrinfo.com
Rog. Does anyone elses accounts indicate the shares are in transition? usually my broker through Penson has the name change immediately ABCDXYZ they always appened the XYZ to the end of the old security name when they're doing this sorta thing.. i haven't seen that yet worrisome. =/
KSSH News.Kesselring Holding Corporation Launches New Website PrimeNewswire "PrimeNewswire "
SARASOTA, Fla ., Oct. 24, 2007 (PRIME NEWSWIRE) -- Kesselring Holding Corporation (OTCBB:KSSH) has released a new Website, www.kesselringholding.com. "In order to better identify and position our niche in the market, Kesselring Holding Corporation has created this Website," stated Douglas P. Badertscher, Chief Executive Officer. "It was imperative to launch a new Website that more clearly identifies our vision and direction with shareholders, customers and potential acquisitions."
The Website combines traditional Web marketing with sophisticated, user-friendly features. Kesselring Holding Vice President of Marketing, Beth Coury, worked with GravityFree to implement the vision. One of the key features of the new Website is an Investor Relations registration form, where interested parties can request the new Investor Package.
The Investor Package consists of detailed information about the company including an executive summary, the latest quarterly report, and recent press releases. Registrants can also choose to receive corporate communications, investor mailings, and attend online corporate events.
Kesselring Holding Corporation is proud of the fact that our subsidiaries have been independently operating since 1948 in the areas of restoration, construction, aluminum products, cabinetry, woodworking, and door and hardware materials. These companies include: Kesselring Restoration Corporation , Kesselring Construction Corporation , Kesselring Aluminum Corporation , King Brothers Woodworking Inc. , and King Door & Hardware Inc. With offices in Florida and Washington State , the companies provide skilled experience, customized project management, and a reputation for quality and integrity. For more information about Kesselring Holding Corporation or any of its subsidiaries, please visit www.KesselringHolding.com on the Web or call 941-953-5774.
The Kesselring Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3775
"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995
Statements about the expected future prospects of our business, statements about our outlook for internal revenue growth in 2007 and 2008, and all other statements in this release other than historical facts, constitute forward-looking statements. You can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "would," "should," "seeks," "approximately," "intends," "plans," "estimates," or "anticipates" or similar expressions which concern our strategy, plans or intentions. All statements we make relating to estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results are forward-looking statements. In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments. All of these forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those we expected. We derive most of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. Some of the factors that we believe could affect our results include: conditions in the restoration, construction and building products industries, change in interest rates, the impact of severe weather on the Company's restoration and construction operations, the effect of governmental regulation on the Company and other factors described from time to time in our filings with the Securities and Exchange Commission . The factors described in this paragraph and other factors may affect our business or future financial results. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.
CONTACT: Kesselring Holding Corporation
Beth Coury, VP, Marketing
941-961-0190
bcoury@kesselringholding.com
hrm doesn't seem like the market was overly enthused by that news..
GSII .06 X.08 1X2 premarket. we'll see as we get closer to 9:30
NEWS:Cyclone Power Technologies' CEO Presents Engine Technology at N.Y. Investor Conference
POMPANO BEACH, Fla., Oct. 24, 2007 (PRIME NEWSWIRE) -- Cyclone Power Technologies Inc. (Pink Sheets:CYPW) announced today that its CEO, Harry Schoell, was a feature presenter at this past weekend's Wealth Expo in New York City.
Mr. Schoell used this forum to introduce the company and its clean, green engine technology to the audience of high net-worth investors. Presenting along with Mr. Schoell were Ron Insana, managing director of Insana Capital Partners and former anchor of CNBC's Street Signs; Charles V. Payne, a widely recognized financial analyst and regular guest on the Fox News Channel; and Jean Chatzky, an award winning journalist, best-selling author and columnist for the New York Daily News.
"I'm pleased to have had the opportunity to explain our clean engine technology and its enormous financial potential to this group of knowledgeable investors," stated Mr. Schoell. "Cyclone has the right technology at the right time, and this presents a great opportunity for investors."
Mr. Schoell will also be featured in a televised interview with Peter Ward, which is expected to air next month on www.wallst.net.
CORPORATE PROFILE
Cyclone holds the U.S. patent, international patent applications, and exclusive commercial rights to the Green Revolution Engine(tm) an environmentally-friendly and highly-efficient external combustion, heat-regenerative engine. Developed by Cyclone's President and CEO, Harry Schoell, the Cyclone engine regenerates (or recycles) its heat, which allows it to run cleaner, cooler and more efficiently than traditional internal combustion engines. The Green Revolution Engine is capable of running on any liquid or gaseous fuel, including ethanol, bio-diesel and propane. The company also recently filed a patent application for its Waste Heat Engine, a low-pressure engine capable of running on heat emitted from external sources, including the waste exhaust of a power generator or renewable solar power. Both these engines are lubricated with de-ionized water instead of motor oil, and by eliminating many subsystems like oil pumps, radiators, catalytic converters and fuel injectors, the Cyclone engines are expected to cost less to manufacture, operate and maintain. The Green Revolution Engine in particular is highly scalable and sufficiently powerful for applications ranging from lawn equipment and small home generators, large stand-alone generators, to cars, trucks, buses, RV's, boats and ships, as well as earth moving equipment and locomotives.
Safe Harbor Statement
This release contains certain "forward-looking" statements, as well as historical information, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we can give no assurance that the expectations reflected in these forward-looking statements will prove to be correct. Forward-looking statements include those that use forward-looking terminology, such as the words "anticipate," "believe," "estimate," "expect," "intend," "may," "project," "plan," "will," "shall," "should," and similar expressions, including when used in the negative. Although we believe that the expectations reflected in these forward-looking statements are reasonable and achievable, these statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. Additionally, the company's actual or future results may differ materially from those anticipated depending on a variety of factors, including continued acquisition and maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products and continued product innovation, sales and earnings growth, and general economic conditions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements attributable to us are expressly qualified in their entirety by these and other factors. Cyclone Power Technologies does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results, reflect events or circumstances or to changes in its expectations, except as may be required by law.
CONTACT: Cyclone Power Technologies, Inc.
Ann Staples
954-943-8721
601 NE 26th Ct.
Pompano Beach, FL 33064
yea i played it for a short pop after the news. Was hoping for a buck wild run but didnt' happen fizzled out. thanks!
GSII .078 x .09 754K traded today.
GSII .078 x .09 Actually he's gone now.. ETRD that is.
he was also on bid for a while.. odd no? only a couple k took out the .07 and .075 yet how the hell could 120k not take out .08
100k at .08 .. i think etrd is shorting.. otherwise why didn't he move up..something's amiss
thats nuts. in one hour too.
nope. though i don't miss Citigroup at all.
he's on the bid and the ask bud. we'll need to watch if it stays that way.
i say $. million shares traded at the current pps would only be 80k. million $ at the current pps would be 12.5million shares traded. unf. =)
million shares or million $ worth of trades.
Nice PPS gents. Happy to see this shaping up. =)
GSII 0.075 x 0.08 chugging along =) was .04 last week.
i sold out. in for a quick pop nothign spectactular like SHCM and ICNT
me too. damn. crazyiness
cool thanks. thats the Dr.Dre one eh. saw it moving last week.
hrm. this concept is new to me will have to read up more on filling gaps. doesn't seem like much volume atm =/