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Press Release Source: ICM Telecommunications, Inc.
ICM Telecommunications Partners with payQuake
Tuesday July 22, 6:30 am ET
LAKE OSWEGO, Ore.--(BUSINESS WIRE)--July 22, 2003--ICM Telecommunications, Inc. (Other OTC:ICMH - News), which offers prepaid pin-based products through its Point of Sales Activation (POSA) terminals, today announced that the company has signed a premier partnership agreement with payQuake(TM), a rapidly growing payment solutions provider.
payQuake this year introduced a "dynamic merchant pricing" (DMP) model. The DMP model gives merchants the ability to control the costs of their merchant account "upfront as well as each and every month." Merchants always have the ability to do what's best for their business by choosing an account from one of the three individual merchant accounts offered by payQuake. payQuake merchant accounts range from no-set-up or monthly fees to rates as low as 1.59%. A secure payment gateway account is also included when one signs up for a payQuake account.
It permits millions of users of PayPal (NASDAQ: eBay - News) to have a real traditional merchant account with all the same protection as a larger scale merchant account. As the business grows the merchant can migrate his or her account to more traditional pricing. payQuake has eliminated the approval hurdles, monthly minimums and given the power back to the merchant. Tony Perre, CEO of payQuake, said, "Our model is built on the empowerment of the merchant, and we can see that ICM Telecommunications and its unique platform does just that -- giving the power of choice to the merchant, who in turn can give that same power to its consumers."
"The merchant world is in for some radical changes," Perre noted, "and payQuake and ICM Telecommunications are both helping to enable merchants to benefit from those changes."
Perre, who is Chairman of the Emerging Payment Markets of the Electronic Transaction Association (ETA), added, "I am pleased to see companies like ICM Telecommunications carving out new markets."
The company's proprietary EPIS hardware and software package enables the retailer to process a suite of services, all on the same terminal. Current products available for purchase include prepaid cellular telephone recharge, telephone calling cards, home dial tone, roadside assistance and discounted prescription drug cards. The EPIS system also offers merchant services such as MasterCard transactions.
payQuake's product line offers three merchant accounts, each with various options. The first is a Pay For Play approach, where a newer or smaller merchant user may set up an account with no set up fee, no monthly minimums, no service charge, and only a small processing fee. Under the Pay For Play model, almost all users are approved, and the cost savings is substantial compared with merchant offerings offered by traditional processors. The second plan extends to the larger merchant with payQuake Pro, offering a $99 set up charge, and no monthly minimum.
These plans offer discount rates as low as 1.59%. When a traditional processor sets up new accounts they have nothing to offer the Pay For Play merchant, and a service similar to the payQuake Pro plan is likely to cost more than $1,000 to set up, and $60 a month in fees before any transactions are done. The cost savings and the choices are second to none. These fees also include a secure payment gateway, and the average cost savings are $150 to $1,000 a year for an average sized merchant.
Doug Hamby, President & CEO of ICM Telecommunications stated, "As partners, we will get a percentage of the sales our merchants make under the payQuake account. More importantly, we are opening ourselves up to future opportunities that will involve EPIS and payQuake.
"Our whole business model is focused on giving the merchant and the consumer choices of how they want to spend/accept monetary devices," Hamby continued, "and payQuake furthers those choices."
Hamby also noted "unlike PayPal, payQuake offers both swiped and e-commerce solutions, so the fit is natural with our EPIS approach. Tony Perre is an industry pioneer, working with such companies as First Data, CardService International, CyberCash and several other leading edge payment companies, and we are going to look to further the strategic partnership between payQuake and ICM Telecommunications in the near future."
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements.
--------------------------------------------------------------------------------
Contact:
ICM Telecommunications, Inc.
Doug Hamby, 503-534-3663
or
payQuake
Tony Perre, 480-813-8687
--------------------------------------------------------------------------------
Source: ICM Telecommunications, Inc.
Press Release Source: ICM Telecommunications Inc.
ICM Telecommunications Launches Major Product Expansion With Its Introduction of High-End Samsung Prepaid Cellular Flip-Top Phones
Tuesday July 15, 10:30 am ET
LAKE OSWEGO, Ore., July 15, 2003 (PRIMEZONE) -- ICM Telecommunications, Inc. (Other OTC:ICMH.PK - News), which offers prepaid pin-based products through its Point of Sales Activation (POSA) terminals, today announced that the company has launched a major product expansion. It has introduced one of the cellular telephone industry's most well recognized, high quality, and high profile product offerings -- the Samsung Model 850 flip-top telephone, making it available to consumers who would otherwise not have access to such a product.
``Based on current industry data, this represents a major advancement in our business plan,'' said ICM's President & CEO, Doug Hamby. ``Now, in addition to our customers enjoying multiple prepaid services, such as calling cards and cellular phone recharging, for the first time they have the opportunity to have access to a product that other providers demand high credit ratings and other hurdles to acquire, including multi-year contractual obligations. With our new plan, everyone has the ability to own and use a cellular phone, without such restrictions, and at an incredibly modest starting price.''
The CEO noted that just last week the company had advised that it anticipated making a major addition to its growing array of well accepted prepaid products, and to announce this new product within the next week.
``This is the announcement we were talking about,'' said Hamby, ``and plans for it were finalized just last night with a major cell phone service provider. The nature of our agreement requires that we do not disclose its identity, but we can say that it is one of the foremost cellular telephone service providers in the nation.''
The number of grocery and convenience stores now featuring the company's Electronic Payment & Inventory System (EPIS) has grown to 85, primarily in the Seattle/Tacoma and metropolitan Portland, Oregon markets. The company anticipates additional sales coverage extending to the northern and central regions of California in the next several months.
The company's EPIS hardware and software package enables the retailer to process a suite of services, all on the same terminal. Current products available for purchase include prepaid cellular telephone recharge, telephone calling cards, home dial tone, roadside assistance and discounted prescription drug cards. The EPIS system also offers merchant services such as MasterCard transactions, and now prepaid cellular phones as well.
In this newest product offering, a customer enters a participating merchant store, to which ICM has sold the phone, purchasing it at a suggested retail price of $79.95, resulting in a 30% profit margin for ICM.
The phone comes fully charged, with an assigned number, and 20 minutes of airtime. Additional time recharges are exclusive to ICM's POSA terminals, ensuring a continuing revenue stream.
``We know this new product will be a big seller since, after initially introducing it to our merchant base, they immediately came back with orders for more than 200 phones before we could even get them in the stores,'' Hamby continued.
``This is a classic example of how ICM intends to treat prepaid products in a long-term fashion for its market segment,'' said Hamby. He noted that industry analysts now believe that within two years, by 2005, the overall market for prepaid products will climb to as much as $4 to $5 billion. Just in the prepaid wireless industry, said the CEO, research analysts predict that prepaid wireless revenues will represent a continually growing part of this market, growing from $3.3 billion in 2002 to $4.4 billion in 2003 as its momentum continues to outpace other communications industry segments.
The CEO said that ICM believes that, with its current suite of prepaid products, its latest offering introduced today, and those now in development, that the company could conceivably capture as much as 1% of that market by that time, and grow aggressively thereafter with continuing new services being introduced to this dynamic marketplace.
Statements contained in this release, which are not historical facts, may be considered ``forward-looking statements'' under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements.
Contact:
ICM Telecommunications, Inc.
Doug Hamby
(503) 534-3663
--------------------------------------------------------------------------------
Source: ICM Telecommunications Inc.
Press Release Source: ICM Telecommunications
ICM Telecommunications CEO Doug Hamby Featured on Internet Web Radio Program by IPOdesktop.com
Monday July 21, 9:05 am ET
Company Sees Rapid Expansion of Its Prepaid Products, Services
LAKE OSWEGO, Ore.--(BUSINESS WIRE)--July 21, 2003--IPOdesktop.com, in the first of an expected series of Internet radio reports featuring ICM Telecommunications, Inc. (Other OTC: ICMH - News), today interviewed the company's President & CEO, Doug Hamby, about the firm's rapidly expanding business.
The show's host, Francis Gaskins, Editor of IPO Desktop.com, interviewed Hamby. Listeners may hear the interview by accessing it at http://gaskinsco.com/icmh.ram or via Windows Media at http://mmslb.eonstreams.com/gaskins/icmh.wma.
ICM Telecommunications offers prepaid pin-based products through its Point of Sales Activation (POSA) terminals. During the interview, Hamby noted that current products and services available for purchase include prepaid cellular telephone recharge, telephone calling cards, home dial tone, roadside assistance, discounted prescription drug cards and MasterCard transactions.
Last week, Hamby said, the company launched a major product expansion, introducing one of the cellular telephone industry's most well recognized, high quality, and high profile product offerings -- the Samsung Model 850 flip-top telephone, making it available to consumers who would otherwise not have access to such a product.
"Based on current industry data, this represents a major advancement in our business plan," said ICM's President & CEO, Doug Hamby. "Now, in addition to our customers enjoying multiple prepaid services, they have the opportunity to have access to a product that other providers demand high credit ratings and other hurdles to obtaining. With our new plan, everyone has the ability to own and use a cellular phone, without such restrictions, and at a modest starting price.
"The nature of our agreement requires that we do not disclose its identity, but we can say that it is one of the foremost cellular telephone service providers in the nation," the CEO said.
Hamby also noted that the number of grocery and convenience stores now featuring the company's Electronic Payment & Inventory System (EPIS) has grown to 85, primarily in the Seattle/Tacoma and metropolitan Portland, Oregon markets. He said the company anticipates additional sales coverage extending to the northern and central regions of California in coming months.
The company's EPIS hardware and software package enables the retailer to process a broad range of services, all on the same terminal, and now prepaid cellular phones as well. "This is how ICM intends to treat prepaid products in a long-term fashion for its marketplace," said Hamby. "We are focusing on four key segments: the unbanked and credit challenged, teenagers, travelers and those with lower incomes."
He noted that industry analysts now believe that within two years, by 2005, the overall market for prepaid products will climb to as much as $4 to $5 billion. Just in the prepaid wireless industry, said the CEO, research analysts predict that prepaid wireless revenues will represent a continually growing part of this market, growing from $3.3 billion in 2002 to $4.4 billion in 2003 as its momentum continues to outpace other communications industry segments.
The CEO said that industry research suggests that by 2005, more than 74% of retailers, the majority of them grocery and convenience stores, will be utilizing POSA terminals, because they lower inventory cost and shrinkage, cost nothing to install, and represent a new and continuing source of revenue for them.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements.
--------------------------------------------------------------------------------
Contact:
ICM Telecommunications, Inc.
Doug Hamby, 503/534-3663
--------------------------------------------------------------------------------
Source: ICM Telecommunications
Press Release Source: ICM Telecommunications
ICM Telecommunications CEO Doug Hamby Featured on Internet Web Radio Program by IPOdesktop.com
Monday July 21, 9:05 am ET
Company Sees Rapid Expansion of Its Prepaid Products, Services
LAKE OSWEGO, Ore.--(BUSINESS WIRE)--July 21, 2003--IPOdesktop.com, in the first of an expected series of Internet radio reports featuring ICM Telecommunications, Inc. (Other OTC: ICMH - News), today interviewed the company's President & CEO, Doug Hamby, about the firm's rapidly expanding business.
The show's host, Francis Gaskins, Editor of IPO Desktop.com, interviewed Hamby. Listeners may hear the interview by accessing it at http://gaskinsco.com/icmh.ram or via Windows Media at http://mmslb.eonstreams.com/gaskins/icmh.wma.
ICM Telecommunications offers prepaid pin-based products through its Point of Sales Activation (POSA) terminals. During the interview, Hamby noted that current products and services available for purchase include prepaid cellular telephone recharge, telephone calling cards, home dial tone, roadside assistance, discounted prescription drug cards and MasterCard transactions.
Last week, Hamby said, the company launched a major product expansion, introducing one of the cellular telephone industry's most well recognized, high quality, and high profile product offerings -- the Samsung Model 850 flip-top telephone, making it available to consumers who would otherwise not have access to such a product.
"Based on current industry data, this represents a major advancement in our business plan," said ICM's President & CEO, Doug Hamby. "Now, in addition to our customers enjoying multiple prepaid services, they have the opportunity to have access to a product that other providers demand high credit ratings and other hurdles to obtaining. With our new plan, everyone has the ability to own and use a cellular phone, without such restrictions, and at a modest starting price.
"The nature of our agreement requires that we do not disclose its identity, but we can say that it is one of the foremost cellular telephone service providers in the nation," the CEO said.
Hamby also noted that the number of grocery and convenience stores now featuring the company's Electronic Payment & Inventory System (EPIS) has grown to 85, primarily in the Seattle/Tacoma and metropolitan Portland, Oregon markets. He said the company anticipates additional sales coverage extending to the northern and central regions of California in coming months.
The company's EPIS hardware and software package enables the retailer to process a broad range of services, all on the same terminal, and now prepaid cellular phones as well. "This is how ICM intends to treat prepaid products in a long-term fashion for its marketplace," said Hamby. "We are focusing on four key segments: the unbanked and credit challenged, teenagers, travelers and those with lower incomes."
He noted that industry analysts now believe that within two years, by 2005, the overall market for prepaid products will climb to as much as $4 to $5 billion. Just in the prepaid wireless industry, said the CEO, research analysts predict that prepaid wireless revenues will represent a continually growing part of this market, growing from $3.3 billion in 2002 to $4.4 billion in 2003 as its momentum continues to outpace other communications industry segments.
The CEO said that industry research suggests that by 2005, more than 74% of retailers, the majority of them grocery and convenience stores, will be utilizing POSA terminals, because they lower inventory cost and shrinkage, cost nothing to install, and represent a new and continuing source of revenue for them.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements.
--------------------------------------------------------------------------------
Contact:
ICM Telecommunications, Inc.
Doug Hamby, 503/534-3663
--------------------------------------------------------------------------------
Source: ICM Telecommunications
Press Release Source: ICM Telecommunications Inc.
ICM Telecommunications Launches Major Product Expansion With Its Introduction of High-End Samsung Prepaid Cellular Flip-Top Phones
Tuesday July 15, 10:30 am ET
LAKE OSWEGO, Ore., July 15, 2003 (PRIMEZONE) -- ICM Telecommunications, Inc. (Other OTC:ICMH.PK - News), which offers prepaid pin-based products through its Point of Sales Activation (POSA) terminals, today announced that the company has launched a major product expansion. It has introduced one of the cellular telephone industry's most well recognized, high quality, and high profile product offerings -- the Samsung Model 850 flip-top telephone, making it available to consumers who would otherwise not have access to such a product.
``Based on current industry data, this represents a major advancement in our business plan,'' said ICM's President & CEO, Doug Hamby. ``Now, in addition to our customers enjoying multiple prepaid services, such as calling cards and cellular phone recharging, for the first time they have the opportunity to have access to a product that other providers demand high credit ratings and other hurdles to acquire, including multi-year contractual obligations. With our new plan, everyone has the ability to own and use a cellular phone, without such restrictions, and at an incredibly modest starting price.''
The CEO noted that just last week the company had advised that it anticipated making a major addition to its growing array of well accepted prepaid products, and to announce this new product within the next week.
``This is the announcement we were talking about,'' said Hamby, ``and plans for it were finalized just last night with a major cell phone service provider. The nature of our agreement requires that we do not disclose its identity, but we can say that it is one of the foremost cellular telephone service providers in the nation.''
The number of grocery and convenience stores now featuring the company's Electronic Payment & Inventory System (EPIS) has grown to 85, primarily in the Seattle/Tacoma and metropolitan Portland, Oregon markets. The company anticipates additional sales coverage extending to the northern and central regions of California in the next several months.
The company's EPIS hardware and software package enables the retailer to process a suite of services, all on the same terminal. Current products available for purchase include prepaid cellular telephone recharge, telephone calling cards, home dial tone, roadside assistance and discounted prescription drug cards. The EPIS system also offers merchant services such as MasterCard transactions, and now prepaid cellular phones as well.
In this newest product offering, a customer enters a participating merchant store, to which ICM has sold the phone, purchasing it at a suggested retail price of $79.95, resulting in a 30% profit margin for ICM.
The phone comes fully charged, with an assigned number, and 20 minutes of airtime. Additional time recharges are exclusive to ICM's POSA terminals, ensuring a continuing revenue stream.
``We know this new product will be a big seller since, after initially introducing it to our merchant base, they immediately came back with orders for more than 200 phones before we could even get them in the stores,'' Hamby continued.
``This is a classic example of how ICM intends to treat prepaid products in a long-term fashion for its market segment,'' said Hamby. He noted that industry analysts now believe that within two years, by 2005, the overall market for prepaid products will climb to as much as $4 to $5 billion. Just in the prepaid wireless industry, said the CEO, research analysts predict that prepaid wireless revenues will represent a continually growing part of this market, growing from $3.3 billion in 2002 to $4.4 billion in 2003 as its momentum continues to outpace other communications industry segments.
The CEO said that ICM believes that, with its current suite of prepaid products, its latest offering introduced today, and those now in development, that the company could conceivably capture as much as 1% of that market by that time, and grow aggressively thereafter with continuing new services being introduced to this dynamic marketplace.
Statements contained in this release, which are not historical facts, may be considered ``forward-looking statements'' under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements.
Contact:
ICM Telecommunications, Inc.
Doug Hamby
(503) 534-3663
--------------------------------------------------------------------------------
Source: ICM Telecommunications Inc.
Press Release Source: China Cable and Communication, Inc.
China Cable and Communication, Inc. Retains The Investor Relations Network to Direct Financial PR Programs
Tuesday July 15, 9:00 am ET
HONG KONG, July 15 /PRNewswire-FirstCall/ -- China Cable and Communication, Inc. (OTC Bulletin Board: CCCI - News) today announced that it has retained the Southern California-based Investor Relations Network and its partner affiliates to direct its global financial public relations programs.
"As we execute our business plan, and continue our goal to build a worldwide presence, we felt this was a prudent time to begin sharing with investors at every level our goals for the future," said Ray Kwan, CEO of CCCI.
"We intend to grow this company rapidly, and to maximize the return for our shareholders. As part of that process, we have retained the Investor Relations Network and its partner companies to better position us within the investment community.
"We are especially pleased that the head of the Investor Relations Network, Tom Gavin, was formerly a key officer with the nation's largest financial PR firm, The Financial Relations Board, as well as a senior communications executive with current and former Fortune 500 companies such as General Dynamics, Eastern Airlines, Gulf Oil and Kennecott Copper.
"We are honored to be working with China Cable and Communication," said Gavin. "The U.S. stock market's strong and growing recognition of the value of Chinese companies, along with the momentous events of November 2001, when China and Taiwan became part of the World Trade Organization, are important harbingers of what's to come in the years ahead."
The Investor Relations Network is a full-service financial public relations partnership, with headquarters in Corona, California, and additional partner offices in Irvine, Los Angeles and New York City. It provides investor relations and corporate communications programs for publicly traded and pre-IPO firms nationwide.
CCCI currently has a 49% ownership in a cable TV transmission company with more than 200,000 subscribers in a market with a population of more than 10 million. The company currently offers 39 channels within the Baoding city limits and eight additional channels to outer areas in the Baoding metropolitan area. It transmits in both analog and digital over its fiber optic network and through 22 substations. In addition to its cable television transmission services, the joint venture also offers Internet access, and anticipates that it will be able to offer value added services such as broadband Internet access, virtual private network and bulk data transmission services by the end of 2003.
The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof. Readers should carefully review risks described in other documents the company files from time to time with the Securities and Exchange Commission, including the annual report on Form 10-KSB for the fiscal year ended October 31, 2002, as well as the quarterly reports and current reports on Form 8-K by the company.
--------------------------------------------------------------------------------
Source: China Cable and Communication, Inc.
Press Release Source: Pacific CMA Inc.
Coverage of Pacific CMA Initiated by Barrow Street Research
Tuesday July 15, 9:00 am ET
Report Calls it `A Company in the Right Place, with the Right Solutions, at the Right Time'
NEW YORK, July 15, 2003 (PRIMEZONE) -- Pacific CMA, Inc. (OTC BB:PCCM.OB - News), a global, non-asset based freight forwarding/logistics services company, today announced that Barrow Street Research, an independent firm focused on emerging growth companies, has initiated research coverage of the company.
The report states: ``Our analysis suggests that Pacific CMA is poised to embark on a period of rapid business growth. In large part, this growth will be fueled by the reality of a company being in the right place, with the right solutions, at the right time.''
Barrow Street said it was initiating coverage of Pacific CMA with a strong buy rating, noting the company's market position lies in its strong reputation as the pre-eminent provider of supply chain management systems and contract logistics in the very fast growing import/export markets of Hong Kong and the much larger South China marketplace. The company already maintains more than 128 cargo agents stationed in 68 countries and 161 cities serving major gateways around the world.
``As an American based company that provides innovative logistics and transportation services,'' Barrow Street reports, ``PCCM has a major operations center in Hong Kong, placing it right in the middle of the fastest growing trade region in the world. The rising trading power of China -- its exports leaped 22 percent last year -- has been especially important for transportation companies. During the remainder of 2003, we believe that investors will begin to witness continued strong improvement in the company's financial condition as higher levels of business activity and new client acquisitions result in steady revenue growth.
``Moreover,'' the report continues, ``PCCM has recently completed operational updates that, in management's opinion, will yield higher efficiencies and margins, likely resulting in a swift growth in profits during 2003.
``We believe that high-risk investors have not properly focused on the strong fundamentals displayed by PCCM. In our opinion, the PCCM shares are currently undervalued, and we are initiating coverage of the company with a strong buy rating.''
The Barrow Street report notes that: ``Increasing globalization is boosting business for transportation and logistic service providers. Importantly, the accession of China and Taiwan to the World Trade Organization in November 2001 is a clear signal that barriers to trade will continue to be dismantled.
``We believe that during 2003 the financial situation for the company will significantly improve,'' the research report concluded, ``with revenues estimated to grow to as much as $90-100 million, and with net income advancing to the vicinity of $0.15-$0.20 per share.''
A full copy of the research report is available online at http://www.barrowstreet.com and additional information on Pacific CMA is available at http://www.pacificcma.com.
Certain statements contained herein are ``forward-looking'' statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
Contact:
Investor Relations Network
Tom Gavin
(909)-279-8884
--------------------------------------------------------------------------------
Source: Pacific CMA Inc.
Press Release Source: Pacific CMA Inc.
Coverage of Pacific CMA Initiated by Barrow Street Research
Tuesday July 15, 9:00 am ET
Report Calls it `A Company in the Right Place, with the Right Solutions, at the Right Time'
NEW YORK, July 15, 2003 (PRIMEZONE) -- Pacific CMA, Inc. (OTC BB:PCCM.OB - News), a global, non-asset based freight forwarding/logistics services company, today announced that Barrow Street Research, an independent firm focused on emerging growth companies, has initiated research coverage of the company.
The report states: ``Our analysis suggests that Pacific CMA is poised to embark on a period of rapid business growth. In large part, this growth will be fueled by the reality of a company being in the right place, with the right solutions, at the right time.''
Barrow Street said it was initiating coverage of Pacific CMA with a strong buy rating, noting the company's market position lies in its strong reputation as the pre-eminent provider of supply chain management systems and contract logistics in the very fast growing import/export markets of Hong Kong and the much larger South China marketplace. The company already maintains more than 128 cargo agents stationed in 68 countries and 161 cities serving major gateways around the world.
``As an American based company that provides innovative logistics and transportation services,'' Barrow Street reports, ``PCCM has a major operations center in Hong Kong, placing it right in the middle of the fastest growing trade region in the world. The rising trading power of China -- its exports leaped 22 percent last year -- has been especially important for transportation companies. During the remainder of 2003, we believe that investors will begin to witness continued strong improvement in the company's financial condition as higher levels of business activity and new client acquisitions result in steady revenue growth.
``Moreover,'' the report continues, ``PCCM has recently completed operational updates that, in management's opinion, will yield higher efficiencies and margins, likely resulting in a swift growth in profits during 2003.
``We believe that high-risk investors have not properly focused on the strong fundamentals displayed by PCCM. In our opinion, the PCCM shares are currently undervalued, and we are initiating coverage of the company with a strong buy rating.''
The Barrow Street report notes that: ``Increasing globalization is boosting business for transportation and logistic service providers. Importantly, the accession of China and Taiwan to the World Trade Organization in November 2001 is a clear signal that barriers to trade will continue to be dismantled.
``We believe that during 2003 the financial situation for the company will significantly improve,'' the research report concluded, ``with revenues estimated to grow to as much as $90-100 million, and with net income advancing to the vicinity of $0.15-$0.20 per share.''
A full copy of the research report is available online at http://www.barrowstreet.com and additional information on Pacific CMA is available at http://www.pacificcma.com.
Certain statements contained herein are ``forward-looking'' statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
Contact:
Investor Relations Network
Tom Gavin
(909)-279-8884
--------------------------------------------------------------------------------
Source: Pacific CMA Inc.
Press Release Source: OptimumCare Corporation
***
OptimimCare Growth Discussed on Internet Web Radio Program by IPOdesktop.com; Director of mergers and acquisitions says goal is to reach level of one acquisition per quarter
Wednesday July 16, 9:00 am ET
LOS ANGELES, July 16, 2003 (PRIMEZONE) -- IPOdesktop.com, in its continuing series of Internet radio reports featuring OptimumCare Corporation (OCTBB:OPMC), today interviewed the company's director of mergers and acquisitions, Mort Lapides, about the firm's plans for growth in acquiring staffing agency services to respond to a marketplace in which Lapides says ``demand far outstrips supply.''
The show's host, Francis Gaskins, Editor of IPOdesktom.com, interviewed Lapides. Listeners may hear the interview by accessing it through RealAudio at RealAudio: http://gaskinsco.com/opmc2.ram or on Windows Media: http://mmslb.eonstreams.com/gaskins/opmc2.wma.
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During the interview, Lapides notes that healthcare is the strongest and fastest growing segment of the staffing services marketplace. Lapides, who earlier served as president and CEO of several companies, said his balance sheet experience uniquely enables him to weight the merits of targeted acquisitions for OptimumCare. Typically, Lapides indicates, the company's acquisition criteria is focused on local staffing programs with a healthcare component in the $1-$3 million revenue level, and that are operating profitably.
Lapides notes that the total nursing population continues to decline, with fewer nursing school graduates and experienced nurses either leaving the field or retiring, just as the aging U.S. population needs their services more than ever. In that kind of environment, the M&A director notes, ``hospitals need to be flexible and nurses need to flexible as well.'' Through OptimumCare's staffing divisions, it is helping both to meet their needs.
So far, Lapides indicates, the company has made three staffing acquisitions, two in the Los Angeles area and another in Orlando, Florida, and has just opened an office in Jacksonville, Florida as well. All are focused on delivering highly qualified nurses and social workers when hospitals and other facilities find themselves short of staff.
An earlier interview with Chairman & CEO Edward A. Johnson is also available. Listeners may hear the interview by accessing it through RealAudio at http://gaskinsco.com/opmc.ram or via Windows Media at http://mmslb.eonstreams.com/gaskins/opmc.wma.
Created in 1987 to respond to opportunities presented by increasing utilization of behavioral health services, OptimumCare today provides a wide range of inpatient and outpatient behavioral health services and temporary healthcare staffing services through a network of affiliated hospitals, medical centers, community health centers and staffing agencies. Further information on the company may be found on its website at http://www.optimumcare.com .
Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties, including the risks associated with plans, the effects of changing economic and competitive conditions, government regulation which may affect facilities, licensing, health-care reform which may affect payment amounts and timing, availability of sufficient working capital, program development efforts and timing, and market acceptance of new programs which may affect future sales growth and/or costs of operations. Additional information may be obtained by reviewing the company's reports filed from time to time with the SEC.
Contact:
OptimumCare Corp.
Ed Johnson
(888) 448-1848
--------------------------------------------------------------------------------
Source: OptimumCare Corporation
Press Release Source: OptimumCare Corporation
OptimimCare Growth Discussed on Internet Web Radio Program by IPOdesktop.com; Director of mergers and acquisitions says goal is to reach level of one acquisition per quarter
Wednesday July 16, 9:00 am ET
LOS ANGELES, July 16, 2003 (PRIMEZONE) -- IPOdesktop.com, in its continuing series of Internet radio reports featuring OptimumCare Corporation (OCTBB:OPMC), today interviewed the company's director of mergers and acquisitions, Mort Lapides, about the firm's plans for growth in acquiring staffing agency services to respond to a marketplace in which Lapides says ``demand far outstrips supply.''
The show's host, Francis Gaskins, Editor of IPOdesktom.com, interviewed Lapides. Listeners may hear the interview by accessing it through RealAudio at RealAudio: http://gaskinsco.com/opmc2.ram or on Windows Media: http://mmslb.eonstreams.com/gaskins/opmc2.wma.
During the interview, Lapides notes that healthcare is the strongest and fastest growing segment of the staffing services marketplace. Lapides, who earlier served as president and CEO of several companies, said his balance sheet experience uniquely enables him to weight the merits of targeted acquisitions for OptimumCare. Typically, Lapides indicates, the company's acquisition criteria is focused on local staffing programs with a healthcare component in the $1-$3 million revenue level, and that are operating profitably.
Lapides notes that the total nursing population continues to decline, with fewer nursing school graduates and experienced nurses either leaving the field or retiring, just as the aging U.S. population needs their services more than ever. In that kind of environment, the M&A director notes, ``hospitals need to be flexible and nurses need to flexible as well.'' Through OptimumCare's staffing divisions, it is helping both to meet their needs.
So far, Lapides indicates, the company has made three staffing acquisitions, two in the Los Angeles area and another in Orlando, Florida, and has just opened an office in Jacksonville, Florida as well. All are focused on delivering highly qualified nurses and social workers when hospitals and other facilities find themselves short of staff.
An earlier interview with Chairman & CEO Edward A. Johnson is also available. Listeners may hear the interview by accessing it through RealAudio at http://gaskinsco.com/opmc.ram or via Windows Media at http://mmslb.eonstreams.com/gaskins/opmc.wma.
Created in 1987 to respond to opportunities presented by increasing utilization of behavioral health services, OptimumCare today provides a wide range of inpatient and outpatient behavioral health services and temporary healthcare staffing services through a network of affiliated hospitals, medical centers, community health centers and staffing agencies. Further information on the company may be found on its website at http://www.optimumcare.com .
Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties, including the risks associated with plans, the effects of changing economic and competitive conditions, government regulation which may affect facilities, licensing, health-care reform which may affect payment amounts and timing, availability of sufficient working capital, program development efforts and timing, and market acceptance of new programs which may affect future sales growth and/or costs of operations. Additional information may be obtained by reviewing the company's reports filed from time to time with the SEC.
Contact:
OptimumCare Corp.
Ed Johnson
(888) 448-1848
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Source: OptimumCare Corporation
Press Release Source: Next, Inc.
Next, Inc. Announces Second Quarter Revenue Increase of 136% Over Same Period Last Year!
Monday July 14, 5:06 pm ET
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--July 14, 2003--Next Inc. (OTCBB:NXTI - News) announces their financial results for the fiscal quarter and six months ended May 31, 2003.
Next, Inc. reports revenues of $5,131,944 for the fiscal quarter ended May 31, 2003, an increase of 136%, compared to $2,177,383 for 2002. Gross profit increased by 160% to $1,425,655 (27.8% of sales) in 2003 compared to $547,298 (25.1% of sales) in 2002. Next had operating income of $360,583 in 2003 compared to $84,922 in 2002. The Company reports net income of $143,398 and earnings per share of $0.01 for the quarter ended May 31, 2003 compared to a loss of ($714) for the quarter-ended May 31, 2002.
Next, Inc. reports revenues of $8,837,254 for the six months ended May 31, 2003, an increase of 112%, compared to $4,160,427 for 2002. Gross profit increased by 152% to $2,628,427 (29.7% of sales) in 2003 compared to $1,041,797 (25% of sales) in 2002. Next had operating income of $417,250 in 2003 compared to a loss of ($266,334) in 2002. The Company reports net income of $110,261 and earnings per share of $0.01 for the six months ended May 31, 2003 compared to a loss of ($220,227) for the same period in 2002.
Mr. Dan Cooke, Chairman of the Board and CEO, stated, "The positive second quarter results are representative of the significant planning and efforts taken by the Company's management to enhance the Company's revenue base and increase shareholder value. During the remaining fiscal 2003, we expect the Company to continue its internal growth trend, report positive net income and further expand through acquisitions, such as the Lil Fan acquisition. We believe that the Company is positioned to show significant shareholder value to its investors."
The information provided for in this Press Release contains forward-looking statements and information with respect to plans, projections or future performance of the Company, the occurrence of which involves risks and uncertainties that could cause the Company's actual results to differ materially from expected results. Such risks include the timing of implementation and the scope of success of the program described herein. These risks and uncertainties include, but are not limited to, those relating to the Company's growth strategy, customer concentration, seasonality, expansion and other activities of competitors, and the general conditions of the economy and its effects on the securities markets and other risks detailed in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date the statements were made. The Company's actual results could differ significantly from those discussed or implied herein.
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Contact:
Next, Inc., Chattanooga
John D Gioioso, 423/296-8213 Ext. 5
jdg@nxt-inc.com
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Source: Next, Inc.
Press Release Source: Next Inc.
Next Inc.'s Equity From Institutional Investors Funded
Thursday July 10, 3:59 pm ET
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--July 10, 2003--Next, Inc. (OTCBB:NXTI - News) announces that its equity transaction for $600,000 with substantial institutional investors has funded. The capital infusion will be utilized for the closing of the Lil Fan acquisition as well as for general corporate purposes.
The Company issued a combination of 750,000 shares of common stock and warrants to purchase 375,000 shares of common stock. The shares of common stock were purchased at a price of $0.80 per share and the warrants will entitle the holders thereof to purchase shares of common stock at a price of $1.125 per share for a period of five years.
The Company has agreed to file a registration statement with the Securities and Exchange Commission to register the shares of common stock issued in this financing and the shares of common stock issuable on exercise of warrants within thirty days of the closing.
About Next, Inc.:
Next, Inc. is a creative and innovative sales and marketing organization that designs, develops, markets, and distributes licensed and branded promotional products and imprinted sportswear primarily through key licensing agreements and the Company's own proprietary designs. Next has several web sites where its products can be viewed: www.collegewearusa.com(TM); www.americanbiker.net(TM); and www.ragtopssportswear.com(TM).
The information provided for in this Press Release contains forward looking statements and information with respect to plans, projections or future performance of the Company, the occurrence of which involves risks and uncertainties that could cause the Company's actual results to differ materially from expected results and other risks detailed in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date the statements were made. The Company's actual results could differ significantly from those discussed or implied herein.
--------------------------------------------------------------------------------
Contact:
Next Inc., Chattanooga
John Gioioso, 423/296-8213 Ext. 5
jdg@nxt-inc.com
--------------------------------------------------------------------------------
Source: Next Inc.
Press Release Source: Next, Inc.
Next, Inc. Announces its Latest Acquisition
Wednesday June 25, 8:04 am ET
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--June 25, 2003--Next Inc. (OTCBB:NXTI - News) Next, Inc. announces an agreement to acquire the business of Lil Fan and affiliates ("Lil Fan"), a privately held sales and marketing company located in Noblesville, Indiana. NEXT anticipates that Lil Fan will generate revenue of approximately $5 million for the fiscal year ending 2004 and continue to expand the Company's diversity of customers and products.
Lil Fan is a full line design and merchandising company primarily focusing on children's licensed college and motor sports products. The company currently has licenses for over 120 major university and colleges as well as the Indianapolis Motor Speedway, International Speedway Corporation, Chevrolet Racing, and Garfield amongst its other licenses. Lil Fan has an extensive customer base including the major college bookstore chains (Follett's, Barnes & Noble, College Bookstores of America, and Nebraska Book Stores); national department stores such as JC Penney's, Dillard's, and Von Maur; significant auto racing events such as the Indianapolis 500, Brickyard 400, Daytona 500, National Hot Rod Association ("NHRA"); and also ships to over 200 United States military bases around the world through a vendor agreement with both military buying units: NEXCOM and AAFES.
Mr. Dan Cooke, Chairman of the Board and CEO, stated, "The Lil Fan acquisition is the latest in a series of planned strategic moves that continues to significantly enhance the Company's market, customer and distribution position, as well as enhance shareholder value. We welcome Mr. Stan Howard, Lil Fan' President, and the Lil Fan' industry expert team joining NEXT." Mr. Cooke further sated that "the Company is engaged in discussions with various equity groups in conjunction with the Company's strategic growth."
About NEXT INC:
NEXT, is a creative and innovative sales and marketing organization that designs, develops, markets, and distributes licensed and branded promotional products and imprinted sportswear primarily through key licensing agreements and the Company's own proprietary designs. Next products are: www.collegewearusa.com(TM); www.rpmsportsusa.com(TM); www.americanbiker.net(TM).
NEXT has 11.4 million outstanding common shares and trades under the symbol NXTI.
The information provided for in this Press Release contains forward looking statements and information with respect to plans, projections or future performance of the Company, the occurrence of which involves risks and uncertainties that could cause the Company's actual results to differ materially from expected results and other risks detailed in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date the statements were made. The Company's actual results could differ significantly from those discussed or implied herein.
--------------------------------------------------------------------------------
Contact:
Next, Inc., Chattanooga
John D Gioioso, 423/296-8213 Ext. 5
jgioioso@nxt-inc.com
--------------------------------------------------------------------------------
Source: Next, Inc.
Press Release Source: Next, Inc.
Next, Inc. Announces Second Quarter Revenue Increase of 136% Over Same Period Last Year!
Monday July 14, 5:06 pm ET
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--July 14, 2003--Next Inc. (OTCBB:NXTI - News) announces their financial results for the fiscal quarter and six months ended May 31, 2003.
Next, Inc. reports revenues of $5,131,944 for the fiscal quarter ended May 31, 2003, an increase of 136%, compared to $2,177,383 for 2002. Gross profit increased by 160% to $1,425,655 (27.8% of sales) in 2003 compared to $547,298 (25.1% of sales) in 2002. Next had operating income of $360,583 in 2003 compared to $84,922 in 2002. The Company reports net income of $143,398 and earnings per share of $0.01 for the quarter ended May 31, 2003 compared to a loss of ($714) for the quarter-ended May 31, 2002.
Next, Inc. reports revenues of $8,837,254 for the six months ended May 31, 2003, an increase of 112%, compared to $4,160,427 for 2002. Gross profit increased by 152% to $2,628,427 (29.7% of sales) in 2003 compared to $1,041,797 (25% of sales) in 2002. Next had operating income of $417,250 in 2003 compared to a loss of ($266,334) in 2002. The Company reports net income of $110,261 and earnings per share of $0.01 for the six months ended May 31, 2003 compared to a loss of ($220,227) for the same period in 2002.
Mr. Dan Cooke, Chairman of the Board and CEO, stated, "The positive second quarter results are representative of the significant planning and efforts taken by the Company's management to enhance the Company's revenue base and increase shareholder value. During the remaining fiscal 2003, we expect the Company to continue its internal growth trend, report positive net income and further expand through acquisitions, such as the Lil Fan acquisition. We believe that the Company is positioned to show significant shareholder value to its investors."
The information provided for in this Press Release contains forward-looking statements and information with respect to plans, projections or future performance of the Company, the occurrence of which involves risks and uncertainties that could cause the Company's actual results to differ materially from expected results. Such risks include the timing of implementation and the scope of success of the program described herein. These risks and uncertainties include, but are not limited to, those relating to the Company's growth strategy, customer concentration, seasonality, expansion and other activities of competitors, and the general conditions of the economy and its effects on the securities markets and other risks detailed in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date the statements were made. The Company's actual results could differ significantly from those discussed or implied herein.
--------------------------------------------------------------------------------
Contact:
Next, Inc., Chattanooga
John D Gioioso, 423/296-8213 Ext. 5
jdg@nxt-inc.com
--------------------------------------------------------------------------------
Source: Next, Inc.
Press Release Source: Next, Inc.
Next, Inc. Announces Second Quarter Revenue Increase of 136% Over Same Period Last Year!
Monday July 14, 5:06 pm ET
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--July 14, 2003--Next Inc. (OTCBB:NXTI - News) announces their financial results for the fiscal quarter and six months ended May 31, 2003.
Next, Inc. reports revenues of $5,131,944 for the fiscal quarter ended May 31, 2003, an increase of 136%, compared to $2,177,383 for 2002. Gross profit increased by 160% to $1,425,655 (27.8% of sales) in 2003 compared to $547,298 (25.1% of sales) in 2002. Next had operating income of $360,583 in 2003 compared to $84,922 in 2002. The Company reports net income of $143,398 and earnings per share of $0.01 for the quarter ended May 31, 2003 compared to a loss of ($714) for the quarter-ended May 31, 2002.
Next, Inc. reports revenues of $8,837,254 for the six months ended May 31, 2003, an increase of 112%, compared to $4,160,427 for 2002. Gross profit increased by 152% to $2,628,427 (29.7% of sales) in 2003 compared to $1,041,797 (25% of sales) in 2002. Next had operating income of $417,250 in 2003 compared to a loss of ($266,334) in 2002. The Company reports net income of $110,261 and earnings per share of $0.01 for the six months ended May 31, 2003 compared to a loss of ($220,227) for the same period in 2002.
Mr. Dan Cooke, Chairman of the Board and CEO, stated, "The positive second quarter results are representative of the significant planning and efforts taken by the Company's management to enhance the Company's revenue base and increase shareholder value. During the remaining fiscal 2003, we expect the Company to continue its internal growth trend, report positive net income and further expand through acquisitions, such as the Lil Fan acquisition. We believe that the Company is positioned to show significant shareholder value to its investors."
The information provided for in this Press Release contains forward-looking statements and information with respect to plans, projections or future performance of the Company, the occurrence of which involves risks and uncertainties that could cause the Company's actual results to differ materially from expected results. Such risks include the timing of implementation and the scope of success of the program described herein. These risks and uncertainties include, but are not limited to, those relating to the Company's growth strategy, customer concentration, seasonality, expansion and other activities of competitors, and the general conditions of the economy and its effects on the securities markets and other risks detailed in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date the statements were made. The Company's actual results could differ significantly from those discussed or implied herein.
--------------------------------------------------------------------------------
Contact:
Next, Inc., Chattanooga
John D Gioioso, 423/296-8213 Ext. 5
jdg@nxt-inc.com
--------------------------------------------------------------------------------
Source: Next, Inc.
Press Release Source: China Cable and Communications Inc.
China Cable and Communications Changes Trading Symbol to CCCI
Thursday July 10, 1:47 pm ET
HONG KONG--(BUSINESS WIRE)--July 10, 2003--China Cable and Communications Inc. (OTCBB:CCCI - News), formerly with a trading symbol of NIFL, today announced that its trading symbol has been changed to CCCI, trading on the OTC Bulletin Board. The new trading symbol is consistent with the company's name change announced yesterday.
CCCI currently has a 49% equity interest in Baoding Pascali Broadcasting Multimedia Transmission Networking Co., Ltd. (Baoding). That company, established in the People's Republic of China (PRC), operates a cable TV network in the municipality of Baoding, near Bejing, in the PRC.
This joint venture company has more than 200,000 subscribers in a market with a population of more than 10 million. The company currently offers 39 channels within the Baoding city limits and eight additional channels to outer areas in the Baoding metropolitan area. It transmits in both analog and digital over its fiber optic network and through 22 substations.
In addition to its cable television transmission services, the joint venture also offers Internet access, and anticipates that it will be able to offer value added services such as broadband Internet access, virtual private network and bulk data transmission services by the end of 2003.
In order to effectively grow its subscriber base, CCCI plans to provide 24-hour customer services to its subscribers, provide superior technical performance and increase its current product and service offering. It also plans to increase its ownership level in the joint venture company to 51% as soon as possible and terms for that have been agreed upon.
The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof. Readers should carefully review the risks described in other documents the company files from time to time with the Securities and Exchange Commission, including the Annual Report on Form 10-KSB for the fiscal year ended Oct. 31, 2002, as well as the Quarterly Reports and Current Reports on Form 8-K by the company.
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Contact:
China Cable and Communications Inc.
Gareth Tang, 852-2891-3130
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Source: China Cable and Communications Inc.
Press Release Source: Stellar International Inc.
********
Stellar International's President & CEO Peter Riehl Indicates a Move to Profitability By Q4 in Interview on ceocast.com
Thursday July 10, 1:34 pm ET
LONDON, Ontario--(BUSINESS WIRE)--July 10, 2003--Stellar International Inc. (TSXV: YYS, OTCBB:SLRXF), a Canadian pharmaceutical developer and marketer of high quality, cost-effective products for select health care markets, today reported that President and CEO Peter Riehl recently indicated a move to profitability in an interview by ceocast.com. The Web cast is online at www.ceocast.com
The interview covers the company's formation, its products, markets and indication of growth potential. Stellar is turning to profitability by the fourth quarter of 2003 and is expected be profitable in 2004. "We are pleased to be featured on ceocast.com and always welcome the opportunity to share our views with the investment community, shareholders and new audiences," said Mr. Riehl. "We are certainly in a growth mode, giving guidance that second quarter sales will be up over 30% from a year ago."
Stellar International has developed and is marketing three products in Canada based on its core polysaccharide technology: NeoVisc®, for the treatment of osteoarthritis, Uracyst®-S and the Uracyst Test Kit, Stellar's patented technology for the diagnosis and treatment of Interstitial Cystitis (IC), an inflammatory disease of the urinary bladder wall. The Uracyst treatment for IC costs less than competing products and has shown a good symptomatic response rate.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the Company's business including increased competition; the ability of the Company to expand operations, to attract and retain qualified professionals, technological obsolescence; general economic conditions; and other risks detailed time to time in the Company's filings.
--------------------------------------------------------------------------------
Contact:
Stellar International Inc.
Peter Riehl, 800-639-0643 or 5l9-434-1540
or
H.L. Lanzet, Inc.
Herbert Lanzet / DeeDee Lanzet
212-888-4570
--------------------------------------------------------------------------------
Source: Stellar International Inc.
Press Release Source: Stellar International Inc.
Stellar International's President & CEO Peter Riehl Indicates a Move to Profitability By Q4 in Interview on ceocast.com
Thursday July 10, 1:34 pm ET
LONDON, Ontario--(BUSINESS WIRE)--July 10, 2003--Stellar International Inc. (TSXV: YYS, OTCBB:SLRXF), a Canadian pharmaceutical developer and marketer of high quality, cost-effective products for select health care markets, today reported that President and CEO Peter Riehl recently indicated a move to profitability in an interview by ceocast.com. The Web cast is online at www.ceocast.com
The interview covers the company's formation, its products, markets and indication of growth potential. Stellar is turning to profitability by the fourth quarter of 2003 and is expected be profitable in 2004. "We are pleased to be featured on ceocast.com and always welcome the opportunity to share our views with the investment community, shareholders and new audiences," said Mr. Riehl. "We are certainly in a growth mode, giving guidance that second quarter sales will be up over 30% from a year ago."
Stellar International has developed and is marketing three products in Canada based on its core polysaccharide technology: NeoVisc®, for the treatment of osteoarthritis, Uracyst®-S and the Uracyst Test Kit, Stellar's patented technology for the diagnosis and treatment of Interstitial Cystitis (IC), an inflammatory disease of the urinary bladder wall. The Uracyst treatment for IC costs less than competing products and has shown a good symptomatic response rate.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the Company's business including increased competition; the ability of the Company to expand operations, to attract and retain qualified professionals, technological obsolescence; general economic conditions; and other risks detailed time to time in the Company's filings.
--------------------------------------------------------------------------------
Contact:
Stellar International Inc.
Peter Riehl, 800-639-0643 or 5l9-434-1540
or
H.L. Lanzet, Inc.
Herbert Lanzet / DeeDee Lanzet
212-888-4570
--------------------------------------------------------------------------------
Source: Stellar International Inc.
Press Release Source: Next, Inc.
Next Announces Equity From Institutional Investors
Thursday July 10, 8:01 am ET
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--July 10, 2003--Next, Inc. (OTCBB:NXTI - News) announces that it has closed an equity transaction for $600,000 with substantial institutional investors. The Company issued a combination of common shares and warrants. The capital infusion will be utilized for the closing of the Lil Fan acquisition as well as for general corporate purposes.
Mr. Dan Cooke, Chairman of the Board and CEO, stated, "With the infusion of capital, Next has strengthened its balance sheet and can expeditiously proceed to the closing of the Lil Fan acquisition."
About Next, Inc.:
Next, Inc. is a creative and innovative sales and marketing organization that designs, develops, markets, and distributes licensed and branded promotional products and imprinted sportswear primarily through key licensing agreements and the Company's own proprietary designs. Next has several web sites where its products can be viewed: www.collegewearusa.com(TM); www.americanbiker.net(TM); and www.ragtopssportswear.com(TM).
The information provided for in this Press Release contains forward-looking statements and information with respect to plans, projections or future performance of the Company, the occurrence of which involves risks and uncertainties that could cause the Company's actual results to differ materially from expected results and other risks detailed in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date the statements were made. The Company's actual results could differ significantly from those discussed or implied herein.
--------------------------------------------------------------------------------
Contact:
Next, Inc., Chattanooga
John D Gioioso, 423-296-8213 Ext. 5
jgj@nxt-inc.com
--------------------------------------------------------------------------------
Source: Next, Inc.
Press Release Source: Next, Inc.
Next Announces Equity From Institutional Investors
Thursday July 10, 8:01 am ET
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--July 10, 2003--Next, Inc. (OTCBB:NXTI - News) announces that it has closed an equity transaction for $600,000 with substantial institutional investors. The Company issued a combination of common shares and warrants. The capital infusion will be utilized for the closing of the Lil Fan acquisition as well as for general corporate purposes.
Mr. Dan Cooke, Chairman of the Board and CEO, stated, "With the infusion of capital, Next has strengthened its balance sheet and can expeditiously proceed to the closing of the Lil Fan acquisition."
About Next, Inc.:
Next, Inc. is a creative and innovative sales and marketing organization that designs, develops, markets, and distributes licensed and branded promotional products and imprinted sportswear primarily through key licensing agreements and the Company's own proprietary designs. Next has several web sites where its products can be viewed: www.collegewearusa.com(TM); www.americanbiker.net(TM); and www.ragtopssportswear.com(TM).
The information provided for in this Press Release contains forward-looking statements and information with respect to plans, projections or future performance of the Company, the occurrence of which involves risks and uncertainties that could cause the Company's actual results to differ materially from expected results and other risks detailed in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date the statements were made. The Company's actual results could differ significantly from those discussed or implied herein.
--------------------------------------------------------------------------------
Contact:
Next, Inc., Chattanooga
John D Gioioso, 423-296-8213 Ext. 5
jgj@nxt-inc.com
--------------------------------------------------------------------------------
Source: Next, Inc.
Press Release Source: China Cable and Communications, Inc.
Nova International Films Changes Name to China Cable and Communications, Inc.
Wednesday July 9, 9:00 am ET
HONG KONG, July 9, 2003 (PRIMEZONE) -- Nova International Films, Inc. (OTC BB:NIFL.OB - News) announced today that its Board of Directors has officially approved changing the company's name to China Cable and Communications, Inc. (CCCI), to more accurately reflect its current and future business prospects. It will also seek a change in the company's trading symbol.
In May, CCCI completed the acquisition of Solar Touch, a British Virgin Islands corporation, obtaining a 49% equity interest in Baoding Pascali Broadcasting Multimedia Transmission Networking Co., Ltd. (Baoding). That company, established in the People's Republic of China (PRC), operates a cable TV network in the municipality of Baoding, near Bejing, in the PRC.
This joint venture company has more than 200,000 subscribers in a market with a population of over 10 million. CCCI believes this joint venture is at present the only Sino-foreign joint venture approved by the State Administration of Radio, Film and Television to be licensed as a cable television network operator in the PRC. It also represents the first and only joint venture that has permitted a foreign investor to invest in, and operate, the cable television network in the PRC.
The company currently offers 39 channels within the Baoding city limits and eight additional channels to outer areas in the Baoding metropolitan area. It transmits in both analog and digital over its fiber optic network and through 22 substations. In addition to its cable television transmission services, the joint venture also offers Internet access, and anticipates that it will be able to offer value-added services such as broadband Internet access, virtual private network and bulk data transmission services by the end of 2003.
The cable television industry in China is growing rapidly. Since the late 1970s, when China began to modernize, the television industry in China has changed significantly. In 1999, China had one quarter of the world's television viewers, and 44% of the Asian market. There were 350 million television households in 2000.
In order to effectively grow its subscriber base, CCCI plans to provide 24-hour customer services to its subscribers, provide superior technical performance and increase its current product and service offering. It also plans to increase its ownership level in the joint venture company to 51% as soon as possible and terms for that have been agreed upon.
Led by Gareth Tang as Chairman & CFO, and Raymond Kwan as CEO, CCCI anticipates a strong future and is committed to maximizing shareholder value.
The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof. Readers should carefully review the risks described in other documents the company files from time to time with the Securities and Exchange Commission, including the Annual Report on Form 10-KSB for the fiscal year ended October 31, 2002, as well as the Quarterly Reports and Current Reports on Form 8-K by the company.
Contact:
China Cable and Communications, Inc.
Gareth Tang
(852) 2891 3130
--------------------------------------------------------------------------------
Source: China Cable and Communications, Inc.
Press Release Source: Sure Trace
Sure Trace Signs Authorized Agent's Agreement with LFI / BESTEK Technologies
Tuesday July 1, 8:32 am ET
KELOWNA, British Columbia--(BUSINESS WIRE)--July 1, 2003--Sure Trace Security Corporation (Sure Trace) (OTCBB:SSTY - News) today announced that its wholly owned subsidiary, I.D.OLOGY, has completed an Authorized Agent's Agreement with the LFI / BESTEK Technologies Inc.
LFI / BESTEK is a private sector business specializing in high-tech Security Consulting. The company provides corporate protection for personnel, essential services, property and communications. At the heart of the company is Darrel O'Shaughnessy, V.P. of Corporate Security. The sales portfolios of O'Shaughnessy and LFI / BESTEK are focused on, but not exclusive to the Government of Canada, All Provinces of Canada, as well as key commercial and industrial Canadian clients.
O'Shaughnessy's has extensive background in all aspects of corporate security management and program development as well as his superlative relationships on both a federal government and private business sector level. These current and well established relationships will give I.D.OLOGY products and services immediate entry into a very elite Security business sector.
Before creating developing and directing LFI / BESTEK, O'Shaughnessy, was critical, in the planning and implementation of numerous Security programs and procedures for Atomic Energy of Canada (AECL). O'Shaughnessy created AECL's Access Control and Theft Prevention programs, designed and implemented high security for safe and secure movement of nuclear material for AECL, as well as emergency response plans with both National and International Law Enforcement and Security Agencies. He also developed and pursued Canadian Solar Lighting as well as Security Consulting businesses in India, Africa and Latin America.
Peter Leeuwerke, CEO of Sure Trace and I.D.OLOGY stated, "The extraordinary opportunity that presents itself for I.D.OLOGY's association with LFI / BESTEK is Darrel O'Shaughnessy.
"He has not only proven himself as to be a 'Marquee' Security Consultant in the international arena, but an exceptional business development and marketing strategist. He is directly responsible for creating and fulfilling numerous international joint venture partnerships and business alliances that are proven successes. In my experience people buy from people but generally people buy from people they know, like and trust and clearly Darrel O'Shaughnessy and the LFI / BESTEK group have that type of relationship with a great many Government ministries as well as major industry in Canada."
About Sure Trace Security Corporation
Through its wholly owned subsidiary, I.D.OLOGY, Sure Trace manufactures and sells proprietary security products for Asset Protection and Brand Authentication markets. I.D.OLOGY has established a 15-year track record aiding in the protection of corporate assets such as tools, raw materials, inventory, computers, works of art, sports memorabilia, diamonds, etc. for many major companies across Canada including Ford Motor Company, Imperial Oil, and GM Canada. Through I.D.OLOGY, Sure Trace operates from coast to coast in Canada and intends to expand its services internationally. The Company is reviewing key alliance and acquisition opportunities to help it fast track growth and profitability.
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Sure Trace to be materially different from the statements made herein.
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Contact:
Sure Trace
Peter Leeuwerke, 800/497-7348
peterl@idologylabs.com
Phil Viggiani, 250/717-7813
philv@idologylabs.com
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Source: Sure Trace
Press Release Source: Sure Trace
Sure Trace Launches Small Business Unit
Monday June 30, 9:32 am ET
KELOWNA, British Columbia--(BUSINESS WIRE)--June 30, 2003--Sure Trace Security Corporation (Sure Trace)(OTCBB:SSTY - News) through its wholly owned subsidiary, I.D.ology Laboratories Inc, has developed a "Kit" program to address the need for small businesses to protect their assets. I.D.ology's Channel Partners, such as ToolWatch and the Commissionaires address large businesses; the Kit program is designed to allow for the rapid delivery of I.D.ology's products to small businesses currently underserved by the security industry.
The Kit contains all of the materials needed to protect up to 500 assets and sells for $1,995 USD or $3.99 per marked asset. Losses due to theft cost businesses much more then the depreciable book value of the stolen asset. The replacement cost includes downtime of the affected employee who cannot do their job without their work tools, accounting costs for the ordering, delivery and payment of the asset, which collectively raise the replacement cost to more than 1.5 times the assets book value and in the case of IT equipment such as laptops more than 3 times.
The Small Business Unit ("SBU") will license geographic sales territories to local security providers who will focus on businesses that employ 250 employees or less. Licensees will receive a finder's fee for generating leads from organizations with more then 250 employees. The first of these SBU's has been established from I.D.ology's recent participation in the Oil and Gas Trade Show held in Calgary, Alberta. I.D.ology now has licensees in Calgary -- Alberta, Vancouver -- British Columbia, and Hamilton -- Ontario. The SBU was officially launched on June 15th 2003 and in its first two weeks of operation 11 SBU "Kits" were sold generating $21,945 in revenue.
I.D.ology is negotiating licenses in several other cities across Canada and will expand the program into America in the fall of 2003. Each licensee is required to sell a minimum of 20 kits per month generating forecasted revenue of approximately $475,000 per year per licensee. I.D.ology intends to establish approximately 25 licensees in Canada within 9 months and up to 150 in America for a combined rollout gross sales potential of $80,000,000 annually.
Mr. Bruce Perry, the licensee for Calgary, Alberta stated that, "Small businesses don't get the attention of the security industry because typical security products such as surveillance cameras or onsite security guards are too expensive and in most cases inappropriate. I.D.ology's unique marking system allows for the protection and positive identification of expensive hand tools, computers, cell phones, etc at an affordable price. After only a couple of weeks of sales activity I have already sold product and more importantly seen real demand."
Mr. Daryl Regier, Director Business Development for I.D.ology, who developed the SBU "Kits" in concert with the Sales and Marketing team, stated, "Just as with our larger clients small businesses experience theft of tools and equipment vital to the successful operation of their businesses. By using the I.D.ology 'Kit' program these small businesses can protect their assets. The experience of our larger clients is that the I.D.ology program provides a significant psychological deterrence against theft. Our client's reported that their theft levels were reduced by between 70-90 percent and that these reductions occurred within weeks of the installation of the primary I.D.ology Asset Protection program. I am confident that the 'Kit' program for smaller businesses will see the same positive results."
According to a study completed by Ernst & Young employee and contractor theft costs businesses an average of $500 per year per employee or contractor. The experience of I.D.ology's clients in many cases is much higher than $500 per year. I.D.ology's products offer a significant return on investment. The vast majority of clients experience complete program cost payback within weeks of installation and see a return on investment that exceed 400% in the first year and over 1,000% over three years.
Mr. Peter Leeuwerke, CEO of Sure Trace, commented that, "On initial examination of the SBU (Small Business Unit) proposition I was somewhat skeptical. We have spent the past six months developing large-scale Loss Prevention programs internationally, have initiated several Industrial Authentication programs, and we are preparing to launch Brand Authentication in the fall. Our overall forecast for these three markets alone is in excess of 10 million dollars for 2003, and our conservative estimates for these initial markets is that they will build into approximately 170 million in gross sales over the next three years. I fully intend for I.D.ology to stay focused on that goal. However after extensively reviewing the business plan, rollout budget. forecast revenues, and meeting with prospective licensees for the 'Kit' program I can see why Daryl and the team are so excited. Within the coming 12-month period the Kit program is forecast to generate better than $8,000,000 in sales and will eventually build to more than $80,000,000 in annual revenue within the next 24 months."
About Sure Trace Security Corporation:
Through its wholly owned subsidiary, I.D.ology, Sure Trace manufactures and sells proprietary security products for Asset Protection and Industrial & Brand Authentication markets. I.D.ology has established a 15-year record of accomplishment by protecting corporate assets such as tools, raw materials, inventory, computers, works of art, sports memorabilia, diamonds, etc. for many major companies across Canada and America including Ford Motor Company, Imperial Oil, and GM Canada, etc. Through I.D.ology, Sure Trace operates throughout North America and has recently expanded its services internationally. The Company is reviewing key alliance and acquisition opportunities to help it fast track growth and profitability.
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Sure Trace to be materially different from the statements made herein.
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Contact:
Sure Trace Security Corporation
Peter Leeuwerke, 800/497-7348
peterl@idologylabs.com
Phil Viggiani, 250/717-7813
philv@idologylabs.com
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Source: Sure Trace
Press Release Source: Sure Trace Security Corporation
Sure Trace Finds New Clients & Large Demand for Its Products and Services in Brand Authentication at Chicago World Plastics Trade Show, Even with Its Presumed Competitors
Thursday June 26, 12:01 pm ET
CHICAGO--(BUSINESS WIRE)--June 26, 2003--Sure Trace Security Corporation (OTCBB:SSTY - News) through its wholly owned subsidiary, I.D.ology Laboratories Inc. ("I.D.ology"), announced today that it has commenced an immediate working relationship with AMCO Plastics Materials Inc. ("AMCO") of Long Island New York. AMCO, one of North America's largest polymer (plastics) producers develops and sells polymers on an international basis to Bayer, Eastman, Nova Chemicals, BASF & many other Fortune 500 companies. The agreement with AMCO will provide I.D.ology with an extremely large international plastics clientele & marketplace for I.D.ology's Brand Authentication products. I.D.ology's management team & sales force are excited by AMCO's worldwide customers and future revenues. Additional information about AMCO and its current client base can be found at www.amco.ws.
Mr. Grahame Entwistle, VP Sales and Marketing for I.D.ology stated, "National Plastics Exposition 2003 (www.npe.org) is a fabulous show. We are exceedingly fortunate and delighted to be showcasing our products & services at the world's largest plastics and elastomers show with exposure to fellow exhibitors & potential clients such as BASF Corporation, Dow Corning Corporation, DuPont & GE Plastics. Yesterday, as an example, we met with KS Plastics Inc. (www.ksplastics.com) a custom plastics molding component parts producer that sees multiple applications for our products within their current product offerings. We also met with Comstock Plastics Inc. ("Comstock"), which is as well associated with the International gaming association (casino chips, etc) and has an interest in promoting I.D.ology's forensics into casino chips where fraudulent replication is a major issue. Comstock stated that the cost per unit of I.D.ology's technology is significantly lower than the current security alternative and offers much greater flexibility. We are looking forward to further developing these many new relationships being established here in Chicago."
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Sure Trace to be materially different from the statements made herein.
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Contact:
Sure Trace
Peter Leeuwerke, 1-800-497-7348
peterl@idologylabs.com
or
Phil Viggiani, 250/717-7813
philv@idologylabs.com
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Source: Sure Trace Security Corporation