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25-Feb-2008
Change in Directors or Principal Officers
Item 5.02 Departure of Director;
Effective February 11, 2008, Ivan Jimenez resigned his position as a director to pursue other opportunities.
Press Release Source: Pricester.com
Pricester.com's Nine-Month Revenues Up 73 Percent
Wednesday November 14, 9:45 am ET
HOLLYWOOD, Fla., Nov. 14, 2007 (PRIME NEWSWIRE) -- Pricester.com, Inc. (OTC BB:PRCC.OB - News) which operates an innovative Internet shopping portal and provides cost-effective website development and related Internet marketing services, has reported its third quarter earnings for 2007. The company's revenues increased by 73% compared to the same nine-month period last year.
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This continues the revenue increases that Pricester has been achieving. Pricester's revenues increased by over 110% in the previous six-months compared to the same period last year and the company's 2006 annual revenues were up 498% compared to 2005.
The increase in revenue is attributable to Pricester's effective execution of its primary marketing strategy, combined with operational refinements, enhanced technical capabilities and additional revenue streams. Ed Dillon, Pricester's President and CEO, commented, ``We're improving our product and service, have fine-tuned many areas of our operation, and we're delivering our products to the market in a timely and increasingly cost-effective manner. This is translating in a positive way to our bottom line. Our internal methodologies have become more efficient and this has allowed a higher level of performance. Also, the amount of referral business from our existing clients has increased which has contributed to our monthly revenues and is an important and encouraging testimony to our overall performance. Still, predominantly due to non-cash transactions, operational expenses resulted in a net loss of $0.01 per share this past quarter.''
Pricester is also moving ahead with key planned strategies, including a strategic joint venture which targets the growing sector of women-owned businesses, and the ongoing development of its Copia World website, an online shopping mall with a global perspective, featuring retailers from England, France, Russia, Italy, Greece, Germany, Mexico, Japan and more, with an appeal to international travelers, those interested in taking advantage of a worldwide shopping spree or viewing the latest retail offerings from around the world.
Dillon concluded, ``Pricester is continuing to grow and appeal to a larger base. Visitation to our website has increased dramatically and now exceeds 170,000 unique visitors each month. This illustrates a heightened interest in the company and the services it provides. Pricester will strive to continue its internal growth, as well as seeking corporate expansion through appropriate mergers, acquisitions and joint ventures that can result in greater value for our investors.''
– Conduct of Nuclear Energy 2008 was a follow-up on Belarus’s decision to build NPP
The conduct of the 1st International Specialized Exhibition “Nuclear Energy 2008” in Minsk was a natural follow-up on Belarus’s decision to build its own nuclear power plant.
Today, the Baltic states – Latvia, Lithuania, Estonia and Poland — are showing increasing interest in nuclear power engineering. Belarus has also joined this campaign. This is exactly what we call global nuclear renaissance. Those countries are quickly developing and they need more and more energy for their economies. Even though they are not big and even though they know that they will have to spend big money to build nuclear power plants, they are ready to take such expenses as they realize that NPP is a guarantee of energy security.
I attended the exhibition and I saw that nuclear safety was its pivotal idea, the basis of almost all presented projects: from NPP construction to personnel training.
Everybody was unanimous that a nuclear power plant is the safest source of energy, that it is even safer than many so-called alternative sources.
I am absolutely convinced that Russian-Byelorussian cooperation has good prospects in the nuclear sector and in the field of NPP construction, in particular.
Yes! Thank you!
Why does Russia need energy alliance?
22:39 | 22/ 02/ 2008
MOSCOW. (RIA Novosti commentator Tatyana Sinitsyna) - Two major state-owned Russian companies building energy projects - Atomstroyexport and Technopromexport - have agreed to develop strategic partnership and establish a joint venture.
Atomstroyexport will have the controlling interest - 51%. The new joint venture will build energy facilities and operate them both in Russia and abroad.
The gist of this ambitious step is pragmatic. The memo on cooperation, adopted by the partners on February 19, reads: "It is necessary to create a major national player in order to strengthen each other's positions in the market."
The new joint venture will allow Russia to enhance its status abroad and at home. This is required by the logic of economic progress.
Building alliances is one of the most effective ways of using economic resources. In France, for example, the following three companies have set up an alliance - AREVA (nuclear plants construction), SUEZ (nuclear plants operation), and the oil company Total, which operates in the Saudi market. Having united, they are keeping their positions in the region and supporting their partnership's reputation.
The Russian energy alliance is borrowing from foreign experience. It will proceed from common interests and offer comprehensive solutions, while profile specialists will carry out projects. Atomstroyexport can share with Technopromexport technologies for building thermal power plants; in turn, it can borrow from the experience of its partners in new markets.
Having consolidated the available resources (finances, engineering, management, and international experience), the new player is going to be active both at home and abroad. But what are the chances of the two companies? What are their assets?
Atomstroyexport is implementing foreign contracts for the construction of nuclear power plants. It is the world's only company simultaneously building five energy units abroad (in India, Iran, and Bulgaria). In 2007, it commissioned two energy units of the Tianwan nuclear plant in China.
Technopromexport is also well known. Its specialty is construction of energy facilities. It is Russia's biggest engineering plant specializing in turn-key projects of any level and type - thermal, steam-gas, gas-turbine, geothermal, diesel, and hydroelectric plants, power transmission lines, and boosters.
The alliance between the two companies has been produced by the effective operation of the nuclear industrial sector in the last two years. The military component of Russia's nuclear industry has always been immune to interference - everyone understands the measure of responsibility. But in the civilian nuclear industry many plants were privatized. By now, Russia has re-established government control over it.
The new alliance is a product of its modernization. Its tremendous potential will make Russia more confident in the foreign markets. Today, Russian experts are conducting negotiations on the construction of nuclear power plants with 20 countries. Some of them are closer than others to the conduct of a tender for economic, moral, or legal reasons. Russia can choose its construction sites and partners.
Next-door neighbors are high on the list of priorities - Ukraine, Belarus, and Kazakhstan. Turkey, Egypt, and Morocco are interested in cooperation.
But the Chinese are again the closest partners. As a result of effective cooperation, China received in 2007 two powerful VVER-100 megawatt units (water-water power reactor) for the Tianwan nuclear power plant. Now Russia and China have signed a contract for the construction of a third and fourth units.
India has recently signed a memo with Russia on the building of new reactors in Kudankulam. Tehran has long been hinting that if it dares increase the number of its nuclear power plants, it will choose Russian projects.
Argentina and Brazil to build nuclear power plant
Published: Saturday 23 February 2008 07:38 UTC
Last updated: Saturday 23 February 2008 10:20 UTC
Buenos Aires - Argentina and Brazil have agreed to cooperate in the construction of a nuclear power plant. The plan was agreed at a meeting between Argentinian President Christian Kirchner and her Brazilian counterpart Luiz Inacio Lula da Silva in Buenos Aires.
The project has arisen out of the growing energy needs of the two largest economies in South America. Argentina currently operates two nuclear power plants and is building a third. Brazil, which owns large stocks of uranium, also operates two plants and wants to relaunch its nuclear energy programme.
The two leaders will discuss the issue further when they meet today with Bolivian President Evo Morales to talk about Bolivia's export of natural gas to both countries.
Thanks for the info.
This company is growing by leaps and bounds!
Thanks!
pricester needs a board!
NNRI holding.
Norway to offer Russia $2.4 mln to upgrade nuclear storage facility
13:32 | 21/ 02/ 2008
MURMANSK, February 21 (RIA Novosti) - Norway is to provide 58 million rubles ($2.4 million) for the overhaul of a nuclear waste storage facility in northern Russia, a spokesman for the Murmansk Region governor said on Thursday.
The plan was announced during a meeting between Governor Yury Yevdokimov and the governor of Norway's Finnmark county, Gunnar Kjonnoy, in Kirkenes, a Norwegian town near the Russian border.
The funds will be used to renovate the area around the Andreyeva Guba storage, located 30 miles from the Norwegian border.
Europe's largest nuclear waste storage facility holds some 21,000 spent nuclear fuel assemblies with 35 metric tons of radioactive materials, and 12,000 cubic meters of solid and liquid waste, mostly removed from nuclear powered submarines and icebreakers.
The storage was set up some 40 year ago as a provisional facility. Foreign partners, such as the United Kingdom, Norway and Sweden, were invited in the early 2000s to make preparations for the removal of nuclear waste from the site.
International experts have repeatedly raised concerns over environmental threat posed by the facility. Poor maintenance and the severe Arctic climate can cause a radioactive leakage and contamination of Andreyeva Guba, a Barents Sea bay.
Whatever Gibson. See you at 5!
Turkey for Russian involvement in nuclear power plant construction
21:16 | 20/ 02/ 2008
MOSCOW, February 20 (RIA Novosti) - Turkey is all for attracting Russian companies to take part in the construction of nuclear power plants on its territory, the country's foreign minister said on Wednesday.
"Turkey intends to build nuclear power plants, and we want Russian organizations to take an active part," Ali Babacan told a RIA Novosti press conference.
Babacan said Russia and Turkey were not competitors, but partners complementing each other, adding that the two countries successfully cooperated in energy transit, and that Turkey was also a large consumer of Russian oil and natural gas.
"We know Russia is interested in such projects as the underground storage of gas. There is also interest in a project to build a terminal to process liquefied gas in the port of Ceyhan," he said.
It was earlier reported that Turkish authorities were planning to announce on February 21 the date for holding a tender to build the country's first nuclear power plant, set to be constructed on the Mediterranean coast. Local and foreign-based companies are expected to participate.
Turkey expects to build three nuclear power plants by 2016, worth $7-8 billion.
Babacan also said bilateral trade in 2007 had totaled $20 billion. He went on to comment that Russia was Turkey's second largest foreign partner. Turkey is Russia's fourth partner in terms of the exports of Russian goods.
Thailand NPP
EGCO urges both coal-fired and nuclear-power plants
BANGKOK, Feb 21 (TNA) – Concened with high and rising production costs for electricity and the dwindling supplies of local natural gas used to produce power, Thailand's Egco Group is urging the new government to build coal- and nuclear-powered electricity plants to meet national needs.
Visit Akaravinak, president of Egco Group, Thailand's first independent power producer, said the kingdom currently uses locally-supplied natural gas for 70 per cent of its gas-powered electricity production, but local supplies are shrinking and becoming more expensive.
He said Thailand's energy minister should act, and build coal and nuclear-powered electricity plants despite protests from the public as such sources could bring down the local production costs as well as the prices paid by consumers.
The previous government planned to construct a 4,000-megawatt (MW) nuclear-power electricity plant and conducted a feasibility study, Mr. Visit said. The government should implement the project under study, he said, noting that the Egco Group plans to provide knowledge about nuclear-powered electricity plants to its staff.
Currently, the Egco Group is jointly investing with the state-owned Electricity Generating Authority of Thailand (EGAT) and two other Thai firms in building 3,600 MW coal-powered electricity plant on Koh Kong in Cambodia. Costs are high because a 400-kilometre transmission line must be installed, he said.
Construction will have to take place in Cambodia, Mr. Visit said, because of protests over building any kind of electrical power plants in Thailand.
Meanwhile, Energy Minister Poonpirom Liptapanlop said her ministry would continue its feasibility study on a nuclear-powered electricity plant.
Budget allocation on the study is set at Bt1.3 billion and must be completed within three years, said Mrs. Poonpirom. If a nuclear-powered electricity plant is built within the next 13 years, both pros and cons in regard to the population as well as the economy, and acceptance by the public must first be taken into consideration. (TNA)-E111
Atomstroyexport and Technopromexport
MOSCOW. Feb 20 (Interfax) - Russian nuclear power plant builder Atomstroyexport and Technopromexport, which builds power plants and exports electricity, have reached an agreement on a strategic partnership and are to set up a joint venture to build and manage power facilities in Russia and abroad, the two companies said in a joint press release.
"A memorandum on cooperation signed by the company's leaders on February 19 stresses the need for the creation of a large national player for the mutual strengthening of positions on targeted markets where services are sold," the press release says.
It makes sense for the two Russian engineering companies to unite because they both have a unified core of suppliers and identical technological approaches to drafting and building power plants, it says.
"The creation of a joint venture is the optimal model for carrying out large joint energy-related projects. In this way, we are setting up an enterprise that is capable of fully promoting Russian technologies on promising foreign markets," said Sergei Shmatko, the president of Atomstroyexport and deputy general director Atomenergoprom.
"We possess technologies and experience in building plants in traditional types of energy, while our partners have experience in building nuclear power plants abroad. Such a step will lower marketing costs on projects and eliminate unnecessary competition among companies, including on the domestic market," Technopromexport general director Sergei Molozhavy said.
The Federal Atomic Energy Agency (Rosatom) and Rostechnologies, both state-owned corporations, support the idea of creating a joint venture, the press release says.
Atomstroyexport and Technopromexport are both wholly owned by the Russian government.
(c) 2008 Daily News Bulletin; Moscow - English. Provided by ProQuest Information and Learning. All rights Reserved.
time to buy more!
NNRI acting like its old self.
Someone dumped a ton at .90.
Turkey for Russian involvement in nuclear power plant construction
21:16 | 20/ 02/ 2008
MOSCOW, February 20 (RIA Novosti) - Turkey is all for attracting Russian companies to take part in the construction of nuclear power plants on its territory, the country's foreign minister said on Wednesday.
"Turkey intends to build nuclear power plants, and we want Russian organizations to take an active part," Ali Babacan told a RIA Novosti press conference.
Babacan said Russia and Turkey were not competitors, but partners complementing each other, adding that the two countries successfully cooperated in energy transit, and that Turkey was also a large consumer of Russian oil and natural gas.
"We know Russia is interested in such projects as the underground storage of gas. There is also interest in a project to build a terminal to process liquefied gas in the port of Ceyhan," he said.
It was earlier reported that Turkish authorities were planning to announce on February 21 the date for holding a tender to build the country's first nuclear power plant, set to be constructed on the Mediterranean coast. Local and foreign-based companies are expected to participate.
Turkey expects to build three nuclear power plants by 2016, worth $7-8 billion.
Babacan also said bilateral trade in 2007 had totaled $20 billion. He went on to comment that Russia was Turkey's second largest foreign partner. Turkey is Russia's fourth partner in terms of the exports of Russian goods.
No I sound like me, you just don't agree. whatever.
I had a pink sheet stock called hitsgalore.com. In one day I went from a 7000 dollar profit to a 3000 dollar loss. SEC investigation and all. Those are the risks we all take.
whatever what?
20/ 02/ 2008
TEHRAN, February 20 (RIA Novosti) - Russia will have priority in future tenders for the construction of new nuclear power plants in the Islamic Republic, an Iranian official said on Wednesday.
"We certainly should give priority to Russia in the construction of new stations, because Russia is constructing Iran's first nuclear power plant in a difficult international situation and has vast experience in this field," said Kazem Jalali, a spokesman for Iran's parliamentary committee on national security and foreign policy.
Russia is currently building Iran's first nuclear power plant in Bushehr, in southern Iran.
Jalali stressed that Russia had completed the delivery of nuclear fuel for the Bushehr nuclear power plant's initial operation.
Russia delivered its final fuel shipment to Bushehr on January 28. With the eighth delivery of five metric tons, Russia had supplied a total of 82 metric tons of low-enriched uranium to the light-water nuclear power plant.
"I hope that the insignificant amount of work left for completion of the Bushehr nuclear power plant will be finished on schedule and no problems will hinder construction this year," the official said.
The first delivery of fuel to the plant arrived on December 16, 2007 following months of delays that Moscow attributed to payment arrears, but which Iran blamed on pressure from Western nations. The West suspects that Iran's nuclear program is military-oriented, a claim Tehran has denied.
The five permanent UN Security Council members plus Germany agreed at talks in Berlin on January 22 on a draft for a third sanctions resolution against Iran calling for travel ban, asset freeze and vigilance on all banks in the Islamic Republic.
Iran hopes its first nuclear power plant will be launched in October.
Jalali said Tehran plans to hold tenders for the construction of 19 nuclear power plants in the country within 20 years, with a capacity of 1,000 MW each.
20.02.2008 // ITAR-TASS
Atomstroyexport and Technopromexport have agreed to set up a joint venture for building and managing power facilities abroad and in Russia
In their memorandum signed on Feb 19 2008 the heads of the companies confirmed the necessity of creating a big national player for strengthening their positions on target sales markets.
Atomstroyexport and Technopromexport are the biggest Russian engineering companies working abroad and have common suppliers and technological approaches to design and construction of power plants.
“The establishment of a joint venture is an optimal scheme for implementing big joint energy projects. We are creating an enterprise able to effectively promote Russian technologies on prospective foreign markets,” says the deputy director of Atomenergoprom, the president of Atomstroyexport Sergey Shmatko.
“We have necessary technologies and experience of construction power plants, while our partners are experienced in building nuclear power plants abroad. This step will help us to reduce marketing costs and to avoid unnecessary competition between the companies, including on the home market,” says the director general of Technopromexport.
Rosatom and Rostekhnologies state corporations have supported the idea.
Atomstroyexport CJSC is the leading Russian company implementing contracts for the construction of nuclear power plants abroad. Today, Atomstroyexport is the only company in the world that is simultaneously building five nuclear power units abroad: in India, Iran and Bulgaria. In 2007 it launched two nuclear power units at Tianwan NPP in China.
Technopromexport OJSC is one of the world’s leading constructors of power facilities and the biggest Russian engineering company in electro-energy sector. The company implements energy projects of any complexity on a “turn-key” basis. Technopromexport builds thermal power plants (steam-gas, gas-turbine, geo-thermal, diesel), water power plants, power transmission lines and sub-stations as well as exports electricity.
So far a little pullback here, which is to be expected.
Funny, at 1556 hours, it goes up to .98. Not that I mind!
OK
It's up from .60 I think that's a bit of a turn around. But I agree that we aren't out of the woods yet.
I'm back early. Just to let you guys know I am posting articles on Yahoo now. I know that I said I would be back in a month but I couldn't help it, now that we are having a turn around. GLTA!!
Change this to Pricester! PRCC
Good luck and goodbye for now. I can't watch this POS go down any longer. I will check back in a month to see if there's anything left. Good luck to everyone.
next stop .50?
What about the RTS?
Would earnings already be factored in even if people don't believe that NNRI will ever be able to incorporate ATOLL revenues in their books? I mean if investors don't believe it can be done then maybe they wouldn't invest in NNRI until it happenes which would then drive the stock price up. Then include the uplifting which will bring in bigger investors and then a contract, which is another two things investors won't believe until it happens.
Russia plans bid to build nuclear plant in Armenia
Wed Feb 6, 2008 3:01pm GMT
European shares shed 1 pct, techs weigh
Russia's Sistema denies having bid for Uralsib Bank
Invensys eyes dividend as profits top forecasts
More Business & Investing News... YEREVAN, Feb 6 (Reuters) - Russia said on Wednesday it will bid in a tender to build a nuclear power station in Armenia to replace an ageing Chernobyl-style plant that has provoked safety concerns.
Armenia, which imports most of its energy, has said it will close down its Soviet-built Metzamor nuclear reactor, which supplies up 40 percent of the country's power, only when it can add new generating capacity. The government said last year it would hold a tender to build a new 1,000 megawatt reactor at the site near Yerevan, which could be ready by 2016.
"The Armenian government will hold a tender for a new atomic station," Sergei Kiriyenko, the general director of Russia's Rosatom state nuclear holding company, said on a visit to Yerevan.
"We will take part and we have good chances of winning," Kiriyenko said, according to a statement from his press office.
The Metzamor plant, about 25 km (16 miles) outside Yerevan, was closed in 1989 after a massive earthquake killed over 25,000 people in the landlocked former Soviet republic.
Reactor Number Two was recommissioned in 1995, to relieve acute energy shortages, while unit one remains out of action and there are no plans to restart it.
Nuclear experts have expressed concern about the vulnerability of the plant to future earthquakes.
The reactor at the plant is similar to those at Chernobyl in Ukraine, where an explosion in 1986 spread radioactive contamination across much of Europe. (Reporting by Hasmik Mkrtchyan, writing and reporting by Guy Faulconbridge, editing by Anthony Barker)
Chernobyl cash shortfall
06 February 2008
A European Commission (EC) report has warned that the international project to erect a new shelter over the devastated Chernobyl reactor in the Ukraine is facing funding shortfalls.
The commission said there are “currently enough funds available” in the Chernobyl Shelter Fund to conclude the contract for a new shelter.
However, according to latest estimates, the existing funds are not sufficient to complete the project and additional funds will be required to meet the anticipated US$1.3 billion bill, the EC stated.
I was thinking of the exact same thing.
I agree.
Could it be waiting for news?
I guess everyone is waiting for news?