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MODM really smoking.Ask now .38 Thanks shac for the heads up when it was at .02 a month or two ago. Now to decide when to sell.
Hey shac- you still in MODM. I am still hanging onto my shares. Looking good. I picked up some the same time you did.
The Spiegel Group Takes Additional Steps in Reorganization Process
DOWNERS GROVE, Ill., July 24, 2003 -- The Spiegel Group (Spiegel, Inc.) today announced that it plans to close one of its customer contact centers and to further consolidate its merchandise order fulfillment operations. These actions are part of the company's ongoing initiatives to streamline its operations, reducing its cost structure and improving efficiencies.
The company's Spiegel Group TeleServices division, which handles the customer sales and service calls for The Spiegel Group merchant companies, will close a customer contact center located in Rapid City, S.D., which employs approximately 240 associates. The facility is scheduled to close at the end of December 2003. The company's network of customer contact centers located in Hampton, Va., Saint John, New Brunswick, Canada, and Sydney, Nova Scotia, Canada, will handle the customer sales and service needs for the Group's merchant companies -- Eddie Bauer, Newport News and Spiegel Catalog.
In the consolidation of its order fulfillment operations, the company will close a distribution center, which employs approximately 400 associates and supports the company's Newport News division. Located in Newport News, Va., the facility is scheduled to close at the end of December 2003.
At the beginning of January 2004, the company will begin processing and shipping merchandise orders for all its merchant divisions through Distribution Fulfillment Services (DFS), a wholly owned subsidiary of Spiegel, Inc., which now serves Eddie Bauer and Spiegel Catalog, and is headquartered in Groveport, Ohio.
Also, as part of the consolidation, the company is moving its DFS retail distribution operations from its facility in Columbus, Ohio, to its facility in Groveport, Ohio, a Columbus, Ohio suburb. The company expects that most of the associates currently employed at the Columbus facility will transfer to the Groveport facility when this part of the consolidation is completed in September 2003. However, as a result of this action, approximately 40 associates in support positions at DFS will be released in September 2003.
The company will provide severance and other benefits to employees affected by these actions.
"These actions are based on the results of an analysis of the capacity and facility costs of the company's customer contact center network and its warehousing and logistics operations," said Alexander Birken, senior vice president and chief administrative officer for The Spiegel Group. "Consolidating the company's logistical support at DFS improves the utilization of the Group's operations while better leveraging the company's fixed costs. DFS is well equipped to handle current distribution and fulfillment for all our merchant companies while offering flexibility for the future," Birken said.
"Reducing the number of customer contact centers provides the most cost-effective structure for our network while allowing us to continue to deliver excellent customer service, and offering us the flexibility to manage the seasonality of our business and efficiently route call volume across the network," Birken said.
"We are proud of our dedicated, hard-working associates at the customer contact center in Rapid City, S.D., and at the distribution center in Newport News, Va. We salute their achievements in customer service, efficiency and accuracy," Birken said. "They have demonstrated their professionalism time and again, and I know they will continue to provide excellent customer service throughout the transition period. We regret having to close these facilities; however, this is the right business decision for the Group," he said.
Background
The Rapid City, S.D., customer contact center opened in 1991 and is located at 2700 N. Plaza Drive in Rapid City, S.D.
The Newport News distribution center opened in 1973 and is located at 5201 City Line Road in Newport News, Va.
Distribution Fulfillment Services (DFS) opened in 1994 and serves the catalog and e-commerce fulfillment and distribution needs, as well as the retail distribution needs, of Eddie Bauer and Spiegel Catalog. Its Columbus facility is located at 4545 Fisher Road and its Groveport facility is located at 6600 Alum Creek Drive.
About the Company
The Spiegel Group is a leading international specialty retailer marketing fashionable apparel and home furnishings to customers through catalogs, specialty retail and outlet stores, and e-commerce sites, including eddiebauer.com, newport-news.com and spiegel.com. The Spiegel Group's businesses include Eddie Bauer, Newport News and Spiegel Catalog. Investor relations information is available on The Spiegel Group Web site at http://www.thespiegelgroup.com.
Forward Looking Statements
This press release contains statements that are forward-looking within the meaning of applicable federal securities laws and are based upon the company's current expectations and assumptions. You should not place undue reliance on those statements because they speak only as of the date of this release. Forward-looking statements include information concerning the company's possible or assumed future financial condition or results of operations. These statements often include words such as "expect," "plan," "believe," "anticipate," "intend," "estimate," or similar expressions. As you read and consider this release, you should understand that these statements are not guarantees of financial condition, performance or results. They involve risks, uncertainties and assumptions. Although the company believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect its actual financial results and actual results could differ materially from the forward- looking statements. These factors include, but are not limited to, uncertainty regarding the
company's ability to continue as a going concern; uncertainty regarding the company's ability to operate pursuant to the terms of the debtor-in-possession (DIP) financing facility; uncertainty regarding the company's ability to develop and consummate one or more plans of reorganization; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the company to propose and confirm one or more plans of reorganization, for the appointment of a Chapter 11 trustee or to convert the Chapter 11 case to a Chapter 7 case; the effect on the company's net sales and cash flow of its decision to stop accepting private-label credit cards at its merchant companies; the effects on the company of the Pay-Out Events experienced by all of the company's securitization agreements that are backed by the company's credit card receivables; the ultimate effect on the company of the pending investigation by the SEC; the uncertainty relating to the sale or liquidation of the bankcard segment; the ability of the company to maintain trade credit and contracts that are important to its operations; the financial strength and performance of the retail and direct marketing industry; changes in consumer spending patterns; risks associated with collections on the company's credit card portfolio; the success of merchandising, advertising, marketing and promotional campaigns; and various other factors beyond the company's control.
All future written and oral forward-looking statements made by the company or persons acting on the company's behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. Except for the company's ongoing obligations to disclose material information as required by the federal securities laws, the company does not have any obligation or intention to release publicly any revisions to any forward-looking statements to reflect events or circumstances in the future or to reflect the occurrence of unanticipated events.
Contacts:
Debbie Koopman
630/769-2596
Debbie_Koopman@spgl.com
Good goin BB- I am still hanging on to EXUS- been so busy today I just now had time to stop and check on my stocks. Was very suprised to see it up over 200% Now if it will only stay up long enough for me to sell. I had just about gave up on this one.
Way to go Dallas. We got to sit and look out the window as it rained rained all day. LOL
CMKM up 133% today. Maybe there is still hope for this one. You think maybe the 1 billion plus shares they issued in May are already gone. LOL
EDOG now huh. Used to be EDIG. LOL Times are really bad.
BTLY slowly inching up. At HOD right now on low volume...eom
RDXM looks like it needs a push. Looks ready to move with some volume..
MODM - Good buy shac-up 300% Picked up a few myself earlier today to hang onto for awhile. I seem to have better luck with the low floaters (2.5 million) even tho you usually have to hang onto them for awhile. http://www.investorshub.com/boards/read_msg.asp?message_id=1114524
TGLO finally consolidating. Man what a run. I could sure use a few of those in my portfolio.
RDXM up 27% .11 X .16 now. Low float moves easily with any volume. Picked up a few more yesterday at .12
OMNI you still holding TGLO That one just wont stop..
DNAP woke up...eom
HVAR steady UT every day. If it can just get up to .05 presplit I will sell and take my loss. Only a few more thousand percent to go. LOL
Great team with great traders. Hopefully some of my holdings will start to move faster so I can build up my cash and start buying more.
RDXM spread tightening now. .115 X .14...eom
Hey thats great. What do I win. LOL Never even noticed the most number.
You got that right but lets try and keep it a secret. I have a few more shares I need to dump.
cmkm-whats up with this one. I have been showing the last trade at .0009 most of the day and the ask is .0005
Kind of like my streamer is broke.
Hope it moves fast . Loaded up on it back when it was MMFS and still holding. Lookig much better now.
HLSH another energizer bunny. Still kicking myself for selling...eom
Wow you guys have really been busy today judging from all the post. Too bad I had to work out of town today and just got in. Oh well good thing for ya. Usually if I buy the streak is over anyway. LOL
Does EXUS count... CEO says company buying back shares. Just didnt say how many or when. LOL
http://bigcharts.marketwatch.com/news/articles.asp?guid={57B681B9-380D-4CC0-9CD2-0CE63B83F816}&n...
HVAR-Thanks for the helpful info pennybuster. I have had it for so long I dont even remember what it used to be or how many shares I owned to start. All I know is now I am down to 3040 shares and after the next R/S I will be down to 10 shares. LOL. Then all we need it 1 more 10/1 RS and I will have a whole share. Not sure what I will have if they do one bigger than a 10/1 next. I have definitely been long on this one. Someone said long is when you enter a bad trade. I believe it. Luckly( or hopefully) I didnt bet too much on it.
A banana a day keeps the doctor away....
Doctors - Home Remedy
> >
> > If you want a quick fix for flagging energy levels
> > there's no better snack
> > than a banana. Containing three natural sugars -
> > sucrose, fructose and
> > glucose - combined with fiber a banana gives an
> > instant, sustained and
> > substantial boost of energy. Research has proven
> > that just two bananas
> > provide enough energy for a strenuous 90 minute
> > workout. No wonder the
> > banana is the number one fruit with the world's
> > leading athletes. But
> > energy isn't the only way a banana can help us keep
> > fit. It can also help
> > overcome or prevent a substantial number of
> > illnesses and conditions making
> > it a must to add to our daily diet.
> >
> > Depression:
> >
> > According to a recent survey undertaken by MIND
> > amongst people suffering
> > from depression, many felt much better after eating
> > a banana. This is
> > because bananas contain tryptophan, a type of
> > protein that the body
> > converts into serotonin known to make you relax! ,
> > improve your mood and
> > generally make you feel happier.
> >
> > PMS:
> >
> > Forget the pills - eat a banana. The vitamin B6 it
> > contains regulates blood
> > glucose levels, which can affect your mood.
> >
> > Anemia:
> >
> > High in iron, bananas can stimulate the production
> > of hemoglobin in the
> > blood and so helps in cases of anemia.
> >
> > Blood Pressure:
> >
> > This unique tropical fruit is extremely high in
> > potassium yet low in salt
> > making it the perfect to beat blood pressure. So
> > much so, the US Food and
> > Drug Administration has just allowed the banana
> > industry to make official
> > claims for the fruit's ability to reduce the risk of
> > blood pressure and stroke.
> >
> > Brain Power:
> >
> > 200 students at a Twickenham (Middlesex) school were
> > helped through their
> > exams this year by eating bananas at breakfast,
> > break and lunch in a bid to
> > boost their brain power. Research has shown that the
> > potassium packed fruit
> > can assist learning by making pupils m! ore alert.
> >
> > Constipation:
> >
> > High in fiber, including banana s in the diet can
> > help restore normal bowel
> > action, helping to overcome the problem without
> > resorting to laxatives.
> >
> > Hangovers:
> >
> > One of the quickest ways of curing a hangover is to
> > make a banana milk
> > shake, sweetened with honey. The banana calms the
> > stomach and, with the
> > help of the honey, builds up depleted blood sugar
> > levels, while the milk
> > soothes and re-hydrates your system.
> >
> > Heart burn:
> >
> > Bananas have a natural antacid effect in the body so
> > if you suffer from
> > heart burn, try eating a banana for soothing relief.
> >
> > Morning Sickness:
> >
> > Snacking on bananas between meals helps to keep
> > blood sugar levels up and
> > avoid morning sickness.
> >
> > Mosquito bites:
> >
> > Before reaching for the insect bite cream, try
> > rubbing the affected area
> > with the inside of a banana skin. Many people find
> > it amazingly successful
> > at reducing swelling and irritation.
> >
> > Nerves:
> >
> > Bananas are high in B vitamins that help calm! the
> > nervous system.
> >
> > Overweight and at work?
> >
> > Studies at the Institute of Psychology in Austria
> > found pressure at work
> > leads to gorging on comfort food like chocolate and
> > crisps. Looking at
> > 5,000 hospital patients, researchers found the most
> > obese were more likely
> > to be in high-pressure jobs. The report concluded
> > that, to avoid panic
> > induced food cravings, we need to control our blood
> > sugar levels by
> > snacking on high carbohydrate foods every two hours
> > to keep levels steady.
> >
> > Ulcers:
> >
> > The banana is used as the dietary food against
> > intestinal disorders because
> > of its soft texture and smoothness. It is the only
> > raw fruit that can be
> > eaten without distress in over chronicler cases. It
> > also neutralizes over
> > acidity and reduces irritation by coating the lining
> > of the stomach.
> >
> > Temperature control:
> >
> > Many other cultures see bananas as a 'cooling' fruit
> > that can lower both
> > the physical and emotional temperature! of expectant
> > mothers. In Thailand,
> > for example, pregnant women ea t bananas to ensure
> > their baby is born with a
> > cool temperature.
> >
> > Seasonal Affective Disorder (SAD):
> >
> > Bananas can help SAD sufferers because they contain
> > the natural mood
> > enhancer, tryptophan.
> >
> > Smoking:
> >
> > Bananas can also help people trying to give up
> > smoking. The B6, B12 they
> > contain, as well as the potassium and magnesium
> > found in them, help the
> > body recover from the effects of nicotine
> > withdrawal.
> >
> > Stress:
> >
> > Potassium is a vital mineral, which helps normalize
> > the heartbeat, sends
> > oxygen to the brain and regulates your body's water
> > balance. When we are
> > stressed, our metabolic rate rises, thereby reducing
> > our potassium levels.
> > These can be re-balanced with the help of a high
> > potassium banana snack.
> >
> > Strokes:
> >
> > According to research in 'The New England Journal of
> > Medicine, eating
> > bananas as part of a regular diet can cut the risk
> > of death by strokes by
> > as much as 40%!
> >
> > Warts:
> >
> > Those k! een on natural alternatives swear that, if
> > you want to kill off a
> > wart, take a piece of banana skin and place it on
> > the wart, with the yellow
> > side out. Carefully hold the skin in place with a
> > plaster or surgical tape!
> >
> > So you see a banana really is a natural remedy for
> > many ills. When you
> > compare it to an apple, it has four times the
> > protein, twice the
> > carbohydrate, three times the phosphorus, five times
> > the vitamin A and
> > iron, and twice the other vitamins and minerals. It
> > is also rich in
> > potassium and is one of the best value foods around.
> > So maybe its time to
> > change that well known phrase so that we say, "A
> > Banana a day keeps the
> > doctor away!"
POPN popping today. Up over 140% today
Shacs APBH kicked it in gear today. Too bad I sold out at a double last week.
HVAR- oh well one more R/S wont hurt me too bad. I have had the stock for so long I dont even remember what it was before or how many shares I had to start. I only have 3040 shares right now. Pretty soon I guess if they keep R/S I will be down to 0 shares.
HVAR up 165% today on high volume. Not sure what is up with it. Another one of those that I have been hung with for a long time after a few R/S. Last trade was .0016
HLSH up over 35% today @ .435 now. One of those couldof shouldof but didnt trades. I have got to get me a new crystal ball.
BTLY- ut...eom
Sure hope you still got it Omni. I remember back on bobz a few years back you were very good at calling the breakouts. I made quite a few bucks from your picks you sent out on the emails. Good luck to you. Hopefully the market is on its way back up because I dont see how it could of got much worse than it has been the last few years. Made everyone change the way they trade to survive in this market.
IVOC- 3 S-8's in the last 6 months could be part of the problem. Hard to get going with the dilution altho I see many of them that it doesnt seem to affect. All part of MM strategy I guess.
TRBY up 66%- Picked up some at open today at .012.... So far so good
I dont own any of that one thank goodness. I did own a few shares of LBTI which just did a 200/1 RS . I paid a whole .0001 for it just incase. I think I bought 400600 shares for about 40 bucks and now I have 2003 shares worth about 13 bucks. Oh well easy come easy go.
AYE....for sure. I think you and patsy held it the longest.
as you can see from my post a few days ago. LOL #64374
http://www.investorshub.com/boards/read_msg.asp?message_id=1013055
USWH- I show up like 850%... I think it is just a misprint.LOL
Anyone having trouble with RJT today. I cant seem to get the site up.
TWTC @ $5.40 I remember when we all loaded up on it when it was less than .75 I guess we should have held onto that one. I think I sold out at a double.