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EKCS issued news yesterday and traded at about 8 times the normal volume. The first quarter report should be out in the next week, and according to preliminary information from the company, should show substantial growth in revenues primarily from the US Airforce contract which runs for several more years. See the EKCS board for more details. The news release from yesterday follows:
Electronic Control Security, Inc. Appoints Leading Nuclear Security and Public Relations Experts to Advisory Board
ECSI (Electronic Control Security, Inc. (OTCBB: EKCS) a leading provider of security solutions to governments, nuclear power facilities and corporations worldwide, has appointed Mr. Edward V. Badolato and Mr. Juda S. Engelmayer to its Advisory Board.
Edward V. Badolato, Vice President for Homeland Security, The Shaw Group (NYSE: SGR), brings a stellar record in nuclear security and anti-terrorism operations to the ECSI Advisory Board. He has been involved in numerous high profile programs dealing with security, protection of energy infrastructure, and counterterrorism operations. He was the Deputy Assistant Secretary at the Department of Energy where he was the principal director of security, energy contingency planning and international energy security activities. He was the principal architect of the US Government's present day nuclear weapons security programs, as well as all of its conventional energy emergency preparedness activities. He led security vulnerability assessment programs at each of DOE's 58 nuclear sites, and coordinated multi-billion dollar upgrades in nuclear facility security countermeasures. Following recent announcements by the United States government and corporations of moves to expand nuclear power generation for the first time in over a decade, Mr Badolato's advice and knowledge will help ECSI capitalize on their role as a leading provider of nuclear power plant security systems.
Juda S. Engelmayer brings his experience as a highly regarded public relations professional with expertise in city, state, and federal government and political affairs to ECSI. His career demonstrates outstanding writing and communications skills that generated extensive positive media coverage and press contacts for his clients. A former Vice President of Rubenstein Associates Inc., where he handled an extensive list of clients, he has also served as Assistant Press Secretary to the New York State Comptroller and as Campaign Coordinator for Hillary Rodham Clinton during her 2000 U.S. Senate race. His public relations expertise and government experience provide an important reservoir of knowledge as ECSI moves to expand their government business and effectively communicate their growth plans.
Arthur Barchenko, Chairman and CEO of ECSI stated, "Edward and Juda bring valuable experience to our Advisory Board. Together, they know more than just nuclear security and anti-terrorism, they know how to effectively implement and communicate their knowledge to achieve maximum impact. Their expertise will help to take the growth at ECSI to the next level."
About ECSI
ECSI is recognized as a global leader in perimeter security and an effective quality provider for both the Department of Defense and Homeland Security programs. The ISO 9001 Registered company designs, manufactures and markets physical electronic security systems for high profile, high threat environments. The employment of risk assessment and analysis allows ECSI to determine and address the security needs of government and commercial-industrial installations. The company has teaming agreements with ARINC, Hudson Marine Inc., Lockheed Martin Transportation & Security Solutions, Parsons Infrastructure & Technology Group, SERCO, Inc., Tetra Tech, Inc. and other industry leaders. ECSI is located at 790 Bloomfield Avenue, Bldg. C-1, Clifton, NJ 07012. Tel: 973-574-8555; Fax: 973-574-8562. For more information on ECSI and its customers please go to http://www.anti-terrorism.com.
ECSI INTERNATIONAL, INC. SAFE HARBOR STATEMENT: Statements in this press release, including the statements relating to projected future financial performance, are considered forward-looking statements under the federal securities laws. Sometimes these statements will contain words such as "anticipates," "expects," "plans," "projects," "estimates," "outlook," "forecast," "guidance," "assumes," and other similar words. These statements and those contained in the 10KSB and 10QSB's are not guarantees of the Corporation's future performance and are subject to risks, uncertainties and other important factors that could cause the Corporation's actual performance or achievements to be materially different from those the Corporation may project. These are only some of the numerous factors that may affect the forward-looking statements contained in this press release
Good morning Mick. EKCS had some interesting news and encouraging volume yesterday, and the quarterly report should be out very soon. I have followed this company for 4 years and I am very optimistic about their near term prospects. The volume yesterday was 186,200 shares which is about 8 times the average daily volume and the price was up about 8%. The news release follows:
Electronic Control Security, Inc. Appoints Leading Nuclear Security and Public Relations Experts to Advisory Board
Monday November 7, 10:30 am ET
CLIFTON, N.J.--(BUSINESS WIRE)--Nov. 7, 2005--ECSI (Electronic Control Security, Inc. (OTCBB: EKCS - News) a leading provider of security solutions to governments, nuclear power facilities and corporations worldwide, has appointed Mr. Edward V. Badolato and Mr. Juda S. Engelmayer to its Advisory Board.
Edward V. Badolato, Vice President for Homeland Security, The Shaw Group (NYSE: SGR - News), brings a stellar record in nuclear security and anti-terrorism operations to the ECSI Advisory Board. He has been involved in numerous high profile programs dealing with security, protection of energy infrastructure, and counterterrorism operations. He was the Deputy Assistant Secretary at the Department of Energy where he was the principal director of security, energy contingency planning and international energy security activities. He was the principal architect of the US Government's present day nuclear weapons security programs, as well as all of its conventional energy emergency preparedness activities. He led security vulnerability assessment programs at each of DOE's 58 nuclear sites, and coordinated multi-billion dollar upgrades in nuclear facility security countermeasures. Following recent announcements by the United States government and corporations of moves to expand nuclear power generation for the first time in over a decade, Mr Badolato's advice and knowledge will help ECSI capitalize on their role as a leading provider of nuclear power plant security systems.
Juda S. Engelmayer brings his experience as a highly regarded public relations professional with expertise in city, state, and federal government and political affairs to ECSI. His career demonstrates outstanding writing and communications skills that generated extensive positive media coverage and press contacts for his clients. A former Vice President of Rubenstein Associates Inc., where he handled an extensive list of clients, he has also served as Assistant Press Secretary to the New York State Comptroller and as Campaign Coordinator for Hillary Rodham Clinton during her 2000 U.S. Senate race. His public relations expertise and government experience provide an important reservoir of knowledge as ECSI moves to expand their government business and effectively communicate their growth plans.
Arthur Barchenko, Chairman and CEO of ECSI stated, "Edward and Juda bring valuable experience to our Advisory Board. Together, they know more than just nuclear security and anti-terrorism, they know how to effectively implement and communicate their knowledge to achieve maximum impact. Their expertise will help to take the growth at ECSI to the next level."
About ECSI
ECSI is recognized as a global leader in perimeter security and an effective quality provider for both the Department of Defense and Homeland Security programs. The ISO 9001 Registered company designs, manufactures and markets physical electronic security systems for high profile, high threat environments. The employment of risk assessment and analysis allows ECSI to determine and address the security needs of government and commercial-industrial installations. The company has teaming agreements with ARINC, Hudson Marine Inc., Lockheed Martin Transportation & Security Solutions, Parsons Infrastructure & Technology Group, SERCO, Inc., Tetra Tech, Inc. and other industry leaders. ECSI is located at 790 Bloomfield Avenue, Bldg. C-1, Clifton, NJ 07012. Tel: 973-574-8555; Fax: 973-574-8562. For more information on ECSI and its customers please go to http://www.anti-terrorism.com.
ECSI INTERNATIONAL, INC. SAFE HARBOR STATEMENT: Statements in this press release, including the statements relating to projected future financial performance, are considered forward-looking statements under the federal securities laws. Sometimes these statements will contain words such as "anticipates," "expects," "plans," "projects," "estimates," "outlook," "forecast," "guidance," "assumes," and other similar words. These statements and those contained in the 10KSB and 10QSB's are not guarantees of the Corporation's future performance and are subject to risks, uncertainties and other important factors that could cause the Corporation's actual performance or achievements to be materially different from those the Corporation may project. These are only some of the numerous factors that may affect the forward-looking statements contained in this press release.
Contact:
For ECSI
Kathleen Zomack, 973-574-8555
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Source: Electronic Control Security, Inc
I've been watching WWAT with interest for some time and they seem to be gaining some momentum in the last few months. They are in the alternative energy area and seem to have a very solid product and business model. Here is a press release today with more encouraging news:
WorldWater & Power Corp. Awarded Contract for the First Solar Project for DuPont
Friday November 4, 7:30 am ET
Company Wins Bid to Provide PV Power for Laboratory Headquarters Facility in Wilmington, Delaware
PENNINGTON, N.J., Nov. 4 /PRNewswire-FirstCall/ -- WorldWater & Power Corp. (OTC Bulletin Board: WWAT - News), developer of proprietary high-powered solar energy systems, today announced that it has been awarded a bid contract to build and install the first solar electric power generation system for DuPont (DD). The photovoltaic (PV) system will provide solar energy for the Photovoltaic Solutions technical laboratory in Wilmington, Delaware. The system will serve as a Photovoltaic Demonstration Unit for DuPont.
The ground-mounted system will produce 40 kilowatts of AC power using four arrays of PV panels. The system will have a touch screen display in the foyer of the main building so that visitors can observe the function and energy output of the system at any time. The contract calls for the installation to be completed before mid January 2006 and to be operational shortly thereafter.
"Photovoltaic power is an excellent option to provide a significant portion of our renewable energy goals," said Tom Earnest, global venture manager, DuPont Photovoltaic Solutions. "DuPont materials and technologies have had a leading role in the growth of the PV industry over the past 25 years. We will continue to apply scientific and technological expertise to deliver an expanding portfolio of films, resins, encapsulants and conductive inks that are at the essence of increasingly longer lasting, and more cost effective PV modules. We are very pleased to see the promise of PV power delivered to our own facilities through our relationship with WorldWater & Power."
Quentin T. Kelly, Chairman and CEO of WorldWater & Power, said, "We applaud DuPont's commitment to sustainable growth, and we are proud to be part of their crucial first step in using solar energy to meet their goals."
DuPont is a leading global supplier of films, resins for encapsulants, encapsulant films and conductive inks for photovoltaic modules, and this system is the first project to use PV power for the company's own facilities. Further information on DuPont Photovoltaic Solutions can be found at http://www.dupont.com/photovoltaics.
About WorldWater & Power Corporation
WorldWater & Power Corporation is a full-service, international solar engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's water supply and energy problems. For more information about WorldWater & Power Corp., visit their website at http://www.worldwater.com.
Contact: Investors/Media Contacts:
Rose Mary Schwarz Denise Roche / Jason Rando
WorldWater & Power Corp. The Ruth Group
Phone: 609-818-0700, ext. 33 Phone: 646-536-7008 / 7025
rschwarz@worldwater.com droche@theruthgroup.com
jrando@theruthgroup.com
--------------------------------------------------------------------------------
Source: WorldWater & Power Corp.
Wake up everyone! A new contract!
WorldWater & Power Corp. Awarded Contract for the First Solar Project for DuPont
Friday November 4, 7:30 am ET
Company Wins Bid to Provide PV Power for Laboratory Headquarters Facility in Wilmington, Delaware
PENNINGTON, N.J., Nov. 4 /PRNewswire-FirstCall/ -- WorldWater & Power Corp. (OTC Bulletin Board: WWAT - News), developer of proprietary high-powered solar energy systems, today announced that it has been awarded a bid contract to build and install the first solar electric power generation system for DuPont (DD). The photovoltaic (PV) system will provide solar energy for the Photovoltaic Solutions technical laboratory in Wilmington, Delaware. The system will serve as a Photovoltaic Demonstration Unit for DuPont.
The ground-mounted system will produce 40 kilowatts of AC power using four arrays of PV panels. The system will have a touch screen display in the foyer of the main building so that visitors can observe the function and energy output of the system at any time. The contract calls for the installation to be completed before mid January 2006 and to be operational shortly thereafter.
"Photovoltaic power is an excellent option to provide a significant portion of our renewable energy goals," said Tom Earnest, global venture manager, DuPont Photovoltaic Solutions. "DuPont materials and technologies have had a leading role in the growth of the PV industry over the past 25 years. We will continue to apply scientific and technological expertise to deliver an expanding portfolio of films, resins, encapsulants and conductive inks that are at the essence of increasingly longer lasting, and more cost effective PV modules. We are very pleased to see the promise of PV power delivered to our own facilities through our relationship with WorldWater & Power."
Quentin T. Kelly, Chairman and CEO of WorldWater & Power, said, "We applaud DuPont's commitment to sustainable growth, and we are proud to be part of their crucial first step in using solar energy to meet their goals."
DuPont is a leading global supplier of films, resins for encapsulants, encapsulant films and conductive inks for photovoltaic modules, and this system is the first project to use PV power for the company's own facilities. Further information on DuPont Photovoltaic Solutions can be found at http://www.dupont.com/photovoltaics.
About WorldWater & Power Corporation
WorldWater & Power Corporation is a full-service, international solar engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's water supply and energy problems. For more information about WorldWater & Power Corp., visit their website at http://www.worldwater.com.
Contact: Investors/Media Contacts:
Rose Mary Schwarz Denise Roche / Jason Rando
WorldWater & Power Corp. The Ruth Group
Phone: 609-818-0700, ext. 33 Phone: 646-536-7008 / 7025
rschwarz@worldwater.com droche@theruthgroup.com
jrando@theruthgroup.com
--------------------------------------------------------------------------------
Source: WorldWater & Power Corp.
Don't forget to monitor FPFX as the court ordered shareholder meeting and BOD election approaches - November 16, 2005. The story of this former high flying mortgage lender makes good reading and I would encourage everyone to read the recent SEC proxy filings at pinksheets.com as well as some of my former posts here on investorshub. (See my profile - flemsnopes - for posts on fpfx. Here is just one of my posts:
FPFX may be a near term opportunity as it approaches a very unusual event. The court ordered shareholder meeting in Reno, Nevada on November 16, 2005 ( See SEC filings for fpfx at pinksheets.com) may be one of the few times shareholders have been able to force a company's management and directors to live up to their obligations to the owners of the company. The story is one all small investors should follow closely. With millions of dollars, a low float and an important principle at stake, you don't want to miss this.
The story started in the late nineties when the major operating subsidiary of the company (fpfi) went into bankruptcy due to changes in the regulations about the way their loans had to be securitized. The parent company, Firstplus Financial Group (fpfx) did NOT file bankruptcy and managed to get an unsecured claim against the former subsidiary for 50 million dollars! (with approximately 45 million shares outstanding and a current price of 0.15 you can see there is significant potential) The subsequent maneuvering by fpfx reads like a cheap novel,but the most important part is that the claim will be paid in part or in full and that is a verifiable fact. Now a group of shareholders, who may hold a majority of the outstanding shares, is attempting get control of fpfx at a court ordered shareholders meeting in Reno, Nevada on November 16, 2005. You can read the recent SEC filings by fpfx on the "pink sheets" website for details. The trustee for the bankrupt subsidiary (fpfi) already has over 7 million dollars of the 50 million dollar unsecured claim ready to transfer to fpfx when certain issues about just who is in charge are resolved. You certainly don't want to miss this one. Go to the fpfx board on Raging Bull and read some of the older posts for intriguing details. Any skeptics can go to www.fpficreditorstrust.com and look at the most recent distributions (bottom of the page)to the class 4 unsecured creditors. You will see the FirstPlus Financial Group allowed claim is there and waiting to be distributed. You may also want to go to the company website at www.firstplusgroup.com for the company side of the issues. If nothing else, you will enjoy the read
Peregrine Pharmaceuticals (PPHM) has released news about a grant to study their drug Tarvacin (TM) in the treatment of prostate cancer. I have no insight concerning the probability of successful outcomes in this drug trial, but if successful to any degree, the implications would be huge. I currently have no position in this equity, but I am watching closely. The news release follows:
Peregrine Pharmaceuticals Announces Defense Department Grant to Study Tarvacin(TM) Platform for Prostate Cancer
Thursday November 3, 7:00 am ET
- Pre-clinical Studies to Lay Groundwork for Additional Cancer Trials -
TUSTIN, Calif., Nov. 3 /PRNewswire-FirstCall/ -- Peregrine Pharmaceuticals, Inc. (Nasdaq: PPHM - News), a biopharmaceutical company with a portfolio of innovative, clinical-stage product candidates for viral diseases and cancer, today announced the U.S. Department of Defense Prostate Cancer Research Program has awarded a grant totaling $582,988 to the University of Texas Southwestern Medical Center at Dallas to study the use of vascular targeting antibodies in combination with chemotherapy agents for the treatment of prostate cancer. Dr. Philip Thorpe, professor of pharmacology at the University of Texas Southwestern Medical Center, a member of the Peregrine Scientific Resource Board and an inventor of the technology, will be the principal investigator. Tarvacin(TM) Anti-Cancer, Peregrine's lead vascular targeting antibody which is currently in a Phase I clinical trial for advanced refractory solid tumors, will be further studied under this grant to assess its potential for use in combination with other cancer agents. Results of these studies will support planned clinical trials of Tarvacin Anti-Cancer as a combination therapy agent.
Tarvacin is a monoclonal antibody that binds specifically to phospholipids, components of the cell structure that are usually located inside normal cells, but which become exposed on the outside of cells that line the blood vessels of tumors, creating a specific target for anti-cancer treatments. Once bound to the tumor blood vessels, Tarvacin Anti-Cancer alerts the body's immune system to attack the tumor and its blood supply, stopping the flow of oxygen and nutrients to the tumor cells and resulting in tumor cell death.
"Previous research has shown that chemotherapy increases the exposure of these phospholipids on the surface of target tumor cells, and the Defense Department grant will enable us to further investigate current evidence that Tarvacin in combination with chemotherapy strongly inhibits tumor growth in pre-clinical models of prostate cancer," said Dr. Thorpe. "Receipt of this peer-reviewed grant from the Department of Defense signals the growing scientific interest and acceptance of the potential therapeutic value of our vascular targeting antibodies."
The Department of Defense manages the Congressional Special Interest Medical Research Programs (CSI) encompassing breast, prostate, and ovarian cancers, neurofibromatosis, military health, and other areas. Since fiscal year 1992, CSI programs have handled approximately $3.4 billion in Congressional appropriations for peer-reviewed research aimed to prevent, control, and cure disease. Prostate cancer, an important target of these programs, is the most commonly diagnosed cancer in men, accounting for 30 percent of all male cancers, and prostate cancer is second only to lung cancer as a leading cause of cancer deaths in men. Currently, there is no cure for locally advanced or metastatic prostate cancer.
"These studies could lay the foundation for Peregrine to begin clinical trials of Tarvacin in combination with chemotherapy in patients with prostate cancer," said Steven King, president and CEO of Peregrine. "The potential of Tarvacin's unique mechanism of action against both cancer and certain viral infections is now being tested in human trials, and this study will enable us to further evaluate the drug's full potential, especially when it is used in combination with other therapies."
Similar to its mechanism of action in cancer, Tarvacin targets phospholipids exposed on the cell surface only when the cell is infected with certain viruses, mobilizing the immune system to attack and destroy both the viruses and the infected cells. Tarvacin Anti-Viral is in Phase I clinical studies for hepatitis C infections and is in pre-clinical studies for potential use against influenza and other life-threatening viruses.
About Peregrine
Peregrine Pharmaceuticals, Inc. is a biopharmaceutical company with a portfolio of innovative product candidates in clinical trials for the treatment of cancer and viral diseases. The company is pursuing three separate clinical trials in cancer and anti-viral indications with its lead product candidates Tarvacin(TM) and Cotara®. Peregrine also has in-house manufacturing capabilities through its wholly-owned subsidiary Avid Bioservices, Inc. (www.avidbio.com), which provides development and bio-manufacturing services for both Peregrine and outside customers. Additional information about Peregrine can be found at www.peregrineinc.com
EKCS has indicated their revenues will be higher this year even though they just concluded a record year this past June 30,2005. This was due largely to the US Air Force contract which is set to run for several more years. The first quarter report should be out in about 2 weeks and if they do report good numbers as they have indicated, the share price should rise nicely. The following is from a recent news release suggesting revenues will be up significantly:
Electronic Control Security Inc. Ramps up to Meet Demand
Thursday October 20, 10:53 am ET
NEW YORK--(BUSINESS WIRE)--Oct. 20, 2005--Homeland Security Stocks.com (HSS) -- Electronic Control Security Inc. (OTCBB: EKCS - News), is moving rapidly to capitalize on the momentum from their record sales performance in just completed fiscal year 2005. The acceleration in performance of their United States Air Force base protection programs is particularly notable following the company's reports that they "continue to close substantial orders for equipment and sales to be delivered in Fiscal '06." In fact, little more than one quarter into fiscal '06, the company has estimated that the backlog from recent orders "will amount to $8,500,000."
The recently announced appointment of Mr. Richard Deyulio, a military technical expert with extensive project management experience, as Senior Project Manager to spearhead the Air Force program is an important indicator of the company's outlook as the United States Air Force, Force Protection Office has moved to increase the number of air force bases to be covered under the IBDSS base security upgrades program by more than 1,000 percent. Mr. Deyulio's hands-on experience in working with all levels of the chain of command, from field techs and specialists to coordinating with the White House gives him the credibility and reputation to maximize the company's prospects under this program.
Electronic Control Security is one of only four companies authorized to bid on over $1.3 billion in security upgrades under the Integrated Base Defense Security System (IBDSS) program. Of the initial bases for which contracts were issued prior to the recent program expansion, Electronic Control Security received one third of the awards. While there is no guarantee that the company will continue to reap an outsize share of the contract awards, their successful start combined with their appointment of Mr. Deyulio, will give them a strong hand in pursuing a significant share of the potential $1.3 billion in awards under this program
Good morning everyone! Don't forget FPFX and the upcoming court ordered shareholder meeting in Reno, NV on November 16. The next two weeks should be interesting. Here is one of my previous posts for anyone who doesn't know about this story.
FPFX is one of the more interesting stories in micro cap investing right now. The story started in the late nineties when the major operating subsidiary of the company (fpfi) went into bankruptcy due to changes in the regulations about the way their loans had to be securitized. The parent company, Firstplus Financial Group (fpfx) did NOT file bankruptcy and managed to get an unsecured claim against the former subsidiary for 50 million dollars! (with approximately 45 million shares outstanding and a current price of 0.15 you can see there is significant potential) The subsequent maneuvering by fpfx reads like a cheap novel,but the most important part is that the claim will be paid in part or in full and that is a verifiable fact. Now a group of shareholders, who may hold a majority of the outstanding shares, is attempting get control of fpfx at a court ordered shareholders meeting in Reno, Nevada on November 16, 2005. You can read the recent SEC filings by fpfx on the "pink sheets" website for details. The trustee for the bankrupt subsidiary (fpfi) already has over 7 million dollars of the 50 million dollar unsecured claim ready to transfer to fpfx when certain issues about just who is in charge are resolved. You certainly don't want to miss this one. Go to the fpfx board on Raging Bull and read some of the older posts for intriguing details. Any skeptics can go to www.fpficreditorstrust.com and look at the most recent distributions (bottom of the page)to the class 4 unsecured creditors. You will see the FirstPlus Financial Group allowed claim is there and waiting to be distributed. You may also want to go to the company website at www.firstplusgroup.com for the company side of the issues. If nothing else, you will enjoy the read.
Volume for FPFX was higher than usual yesterday and I expect there will be more volatility each day as we get closer to the court ordered shareholder meeting in Reno, NV November 16, 2005.
From latest FPFX filing at pinksheets, this is an excerpt detailing the company side of the FPFX story. Many disgruntled shareholders view it as a revisionist version, but at least the company is communicating with shareholders again, after being forced by a Nevada judge to hold a shareholder meeting and election of directors. This is only an excerpt and I encourage all interested to read the entire filing as well as other recent filings.
Letter From the Chairman of the Board
The New FirstPlus. Our company is at an important crossroads in its history. In the late 1990s, we became one of the largest mortgage providers in the country. When the securitization market collapsed in 1998, our major operating subsidiary, FIRSTPLUS Financial, Inc. was forced to declare bankruptcy. All of our other operating units were shut down, sold or liquidated. Only the parent company, FIRSTPLUS Financial Group, Inc., remained.
For the next few years the company struggled to stay alive. Decisions made by the Board of Directors focused on two major areas. One was survival and establishing a new business plan and the other was to protect shareholder interest and repay creditors.
The most critical decision came in 2001 when the company established the FIRSTPLUS Financial Group, Inc. Grantor Residual Trust (the "Grantor Trust") as a recipient of distributions on the FPFG Intercompany Claim in the FIRSTPLUS Financial, Inc. bankruptcy, which is based on payments from a previous series of securitized loan pools that had been sold in the marketplace. At that time, the amount and timing of each cash flow from residuals was completely unknown. However, this process was the only way to protect shareholder equity and was the best alternative for large creditors to recover some of their investment. We believed that bankruptcy filing could have wiped out shareholder equity.
Cash flow from the residuals is expected to flow into the Grantor Trust this year, and we expect the Grantor Trust to distribute $3.5 million to shareholders shortly after cash is paid from the residuals to the Grantor Trust. The remainder cash from the residuals will be dedicated to settling creditor claims, rebuilding the company's capital base and other expenses.
Another important milestone in the rebirth of FIRSTPLUS came in 2003 when the company invested most of its then existing resources into Capital Lending Strategies, LLC, a startup company that provides financial and risk services offering insured loan programs to financial institutions. When Capital Lending brought in other major investors, FIRSTPLUS was able to sell its interest for a better than three-fold return in a relatively short period of time. As our capital base continues to improve, we will be able to explore additional opportunities in the financial services industry.
We're headed for the future! Our strategy has allowed FIRSTPLUS to be in a position to re-emerge in the marketplace. We would like to share our thoughts about what resides at the core of the new FIRSTPLUS and what motivates us and drives our ability to succeed.
Commitment to Shareholders. FIRSTPLUS is committed to improving all aspects of growth and development. Part of this commitment includes restoring an open line of communication with
--------------------------------------------------------------------------------
shareholders. In 2005, FIRSTPLUS launched a Web site, www.firstplusgroup.com, which addresses many of the myths and misunderstandings that have arisen absent formal communication from the company. We believe that the site provides frank and thorough responses to many questions from shareholders.
Moving Forward. We look at 2005 and the years beyond with confidence and optimism. In 2005, we began curing items and set the stage for a new strategic direction. Simply put, we are confident in our strengths. FIRSTPLUS has the confidence of an established network and is positioned for success in an improving market.
We have every reason to believe 2006 will be a solid year for us to step into the future. We know one of our biggest challenges is rebuilding confidence in the ability of FIRSTPLUS to succeed. We believe our experience and integrity will earn trust and build support for our plans for growth.
Communicating with our shareholders will allow us to share our success and enable shareholders to track our progress. There are a number of current and future issues and obstacles to overcome, but we are confident that we can prevail.
As a final note, I wish to thank our shareholders for their patience and my fellow Directors for their dedication and assistance during some very trying and difficult times. I also wish to thank our CEO, J.D. Draper, for the many important activities and issues he has handled so well, particularly in the past year.
Robert P. Freeman
Unfortunately, it required going to court to hear from the company at all. I hold a fairly significant position and I am certainly not opposed to the resurrection of the business but I want to meet current management face to face at the meeting in Reno before I make any judgements about trusting what they are now saying.
Concerning FPFX, here is a recent update from the company website (firstplusgroup.com) detailing the company side of the story. Please be advised that the website was created AFTER the successful shareholder lawsuit in Nevada.
To Our Valued Shareholders:
On September 22, 2005, FIRSTPLUS filed our Form 10-KSB, various exhibits and our proxy statements with the SEC. The entire filing consisted of over 350 pages of material. To accomplish this enormous endeavor required countless hours of dedicated labor from our accountants and attorneys. Their efforts can not go unnoticed.
We have received many e-mails from shareholders inquiring when we were going to file our audited financial statement. Due to SEC regulations, prior to filing the Form 10KSB we were unable to discuss the contents of the financial statement and proxy notice. To ensure that an innocent comment would not be taken out of context or provide false impressions, we choose not to respond to e-mails until the above referenced information was made public.
It has come to our attention that inaccurate and unauthorized information has been released without supporting factual data. When this occurs speculation runs rampant, opinions are formed and conjecture becomes misleading facts.
I do not monitor, participate in or post comments in internet chat rooms, but what has been brought to my attention is just short of shameful. Truth and accuracy seem to have become the casualties. In our communications with shareholders, it appears that the chat room discussions are responsible for a great deal of confusion as to FIRSTPLUS, including:
Ø which entity filed bankruptcy,
Ø a misunderstanding of the trustee responsibilities for the Grantor Trust established by FIRSTPLUS,
Ø serious misinformation regarding creditor claims,
Ø a lack of understanding of FIRSTPLUS’ role in the previously securitized loan pools that had been sold in the marketplace, and
Ø unfounded accusations about current management.
I have made it known that I will answer e-mails providing the e-mails are not inflammatory in nature, factually inaccurate or meant to incite controversy. Recently I responded to an e-mail from a shareholder and posted my response to our website. To protect his identity I referred to sender as Rick. If I were to disclose his identity I am confident many shareholders would know him. If, however, he decided to disclose his identity I would support him.
FIRSTPLUS stands firm with the answers provided in the aforementioned response. There are funds available for immediate distribution to shareholders. Unfortunately the distribution of these funds is being blocked by the original trustee of the Grantor Trust, with the apparent guidance and encouragement of Dan Martin and Robert Davis, his brother, and others working closely in concert with him.
Our offices are in Irving, Texas and since December 2003. There has not been a request to visit our offices. Nor have there been many calls from shareholders. I have received calls from several shareholders and have returned those calls.
FIRSTPLUS has creditors with legitimate claims that predate the creation of the Grantor Trust. Without the agreements with creditors, FIRSTPLUS would have been forced into bankruptcy many years ago. The Grantor Trust was created to protect the value for creditor claims and the value for shareholders with provisions for multiple trustees.
With the creativity of its management team, FIRSTPLUS skillfully avoided bankruptcy. This carefully crafted strategy provided us an opportunity to survive. The upside for FIRSTPLUS is we are able to manage the remaining creditor claims, make a long anticipated distribution to shareholders and re-enter the market place. There have been comments that some shareholders want to distribute all funds and liquidate the company. I am confident that most shareholders have not held their stock just to liquidate the company.
FIRSTPLUS is prepared to re-enter the market place with the confidence to succeed. We have a solid network and alliances in major markets that have been anticipating our reemergence. The consumer finance industry has been profiting over the past few years and FIRSTPLUS is prepared to engage in that market. Some shareholders refuse to visualize the enormous possibilities and resources available to FIRSTPLUS. Our only response to those nonbelievers is simply this, we started this company with two people and a vision. Within a few short years we ascended to the pinnacle of the consumer finance industry. That is the company that our shareholders invested in.
We realize that shareholders seek value in their investments and they want their investments to appreciate. Together we can make that into a reality.
Jack (J.D.) Draper
President/CEO
FIRSTPLUS
Financial Group, Inc
There is a new SEC filing for FPFX at pinksheets.com as we run up to the court ordered shareholder meeting in Reno, NV on November 16,2005. The share price has been holding up well in the .18 to .20 range. The following is an excerpt from the filing:
REASONS FOR SOLICITATION
Following are reasons the Committee is soliciting proxies from Company Shareholders to be voted in favor of the four (4) Committee Nominees: (1) Danford L. Martin, (2) James T. Capretz, (3) James P. Hanson, and (4) Robert D. Davis who are nominated for an opposing slate to Company nominated director candidates:
o The Company has failed to hold an annual meeting or election of directors since March 1998.
o The Company has also failed to provide audited financial statements to the shareholders for over seven (7) years (other than the 10-KSB filed September 22, 2005).
o Prior to the Court order for this Special Meeting, the Company had not filed annual reports on Form 10-K (as required by the Securities and Exchange Commission) since December 9, 1997. Also prior to the Court order for this Special Meeting, the Company had not filed a quarterly report on Form 10-Q (as required by the Securities and Exchange Commission) since November 16, 1998.
o Because of the above, in March 2005, 73 shareholders of FirstPlus filed a Petition to order an election of directors of FirstPlus and a Complaint for equitable, declaratory, and injunctive relief in the matter captioned Danford L. Martin, et. al. v. FirstPlus Financial Group, Inc., et al., Case No. CV05-00465, pending in the Second Judicial District Court of the State of Nevada in and
4
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for the County of Washoe, as provided for by NRS 78.345: "NRS
78.345 Election of Directors by order of court upon failure of regular election.
1. If any corporation fails to elect directors within 18 months after the last election of directors required by NRS 78.330, the district court has jurisdiction in equity, upon application of any one or more stockholders holding stock entitling them to exercise at least 15 percent of the voting power, to order the election of directors in the manner required by NRS 78.330.
2. The application must be made by petition filed in the county where the registered office of the corporation is located and must be brought on behalf of all stockholders desiring to be joined therein. Such notice must be given to the corporation and the stockholders as the court may direct.
3. The directors elected pursuant to this section have the same rights, powers and duties and the same tenure of office as directors elected by the stockholders at the annual meeting held at the time prescribed therefore, next before the date of the election pursuant to this section, would have had." The following Committee members participated in that Shareholder Petition: Robert D. Davis, George R. Eberting, James P. Hanson, and Danford L Martin. As a result of this, the Court ORDERED the Company to hold a Special Election of directors in Reno, Nevada (where the Court is located). The election of directors is scheduled for November 16, 2005.
o The Company has failed to file federal income tax returns for the years 2002, 2003, and 2004.
o The Company repeatedly made negative statements in press releases and 8-K filings such as: "At this time it is unlikely that FirstPlus Financial Group, Inc. will reconstitute any of its previous business plans such as originating mortgage loans, servicing mortgage loan portfolios, or investing in mortgage loan portfolios and Interest Only Strips. Additionally, there are no current plans to re-list FirstPlus Financial Group, Inc.'s common stock with any major stock exchange."
o Despite the Company's repeated promises, it has failed to restate its financial statements for the three-year period ended September 30, 1997, and has failed to obtain audited financial statements for any period following September 30, 1997 (other than the 10-KSB filed September 22, 2005).
o The engagement letter for the Company's current auditor merely provides for the auditor to audit the Company's balance sheet as of December 31, 2004 and the related statements of operations, stockholders' equity, and cash flows for the periods ended December 31, 2003 and 2004. This leaves a black hole from October 1, 1994 through December 31, 2002.
Summary - Because of the reasons stated above, the Committee believes that it is imperative to replace the present Board of Directors in an attempt to salvage our investment in the Company of the substantial value the Committee believe still remains, and return that value to the current shareholders, who are the owners of the Company. As a result, most of the Committee members participated in the Shareholder Petition described in the fourth bullet above. During the April 12, 2005 Hearing, Mr. Jack Draper (President of FirstPlus) introduced himself to several Shareholders (five or six). Among the Shareholders were three (Danford Martin, James Hanson, and George Eberting) who later became part of the "Committee". Danford Martin and James Hanson did not engage in conversation with Mr. Draper. Mr. Draper had a brief conversation with George Eberting.
Subsequently on July 13, 2005, a "Notice of Nomination" nominating seven (7) Directors was sent to the Company and their Counsel, as within the last two years, the Company had as many as 7 Directors. The Company's legal counsel notified the Committee's legal counsel that only 4 Directors will be elected at the up-coming special meeting. On July 27, 2005 a re-constituted Committee sent the Company a revision to the "Notice of Nomination" resulting with the nomination of four (4) Committee Nominees: (1) Danford L. Martin, (2) James T. Capretz, (3) James P. Hanson, and (4) Robert D. Davis who are nominated for an opposing slate to Company's nominated director candidates
Mick, I am closely following EKCS (Electronic Control Security International) This is a nano cap in the perimeter security business with very impressive clients and a huge contract with the US Airforce that could potentially multiply revenues by several hundred percent this fiscal year.(fiscal year ends June 30,2006). Their website is anti-terrorism.com and I think you will be impressed. The stock has been trading in the 1.15 to 1.30 range for several weeks, but with a good first quarter report, I think it could quickly move above 2.00. Also, EKCS has a very low float, under 10 million shares. The following is a recent news release concerning the growth in revenues:HomelandSecurityStocks.com:
Electronic Control Security Inc. Ramps up to Meet Demand
Thursday October 20, 10:53 am ET
NEW YORK--(BUSINESS WIRE)--Oct. 20, 2005--Homeland Security Stocks.com (HSS) -- Electronic Control Security Inc. (OTCBB: EKCS - News), is moving rapidly to capitalize on the momentum from their record sales performance in just completed fiscal year 2005. The acceleration in performance of their United States Air Force base protection programs is particularly notable following the company's reports that they "continue to close substantial orders for equipment and sales to be delivered in Fiscal '06." In fact, little more than one quarter into fiscal '06, the company has estimated that the backlog from recent orders "will amount to $8,500,000."
The recently announced appointment of Mr. Richard Deyulio, a military technical expert with extensive project management experience, as Senior Project Manager to spearhead the Air Force program is an important indicator of the company's outlook as the United States Air Force, Force Protection Office has moved to increase the number of air force bases to be covered under the IBDSS base security upgrades program by more than 1,000 percent. Mr. Deyulio's hands-on experience in working with all levels of the chain of command, from field techs and specialists to coordinating with the White House gives him the credibility and reputation to maximize the company's prospects under this program.
Electronic Control Security is one of only four companies authorized to bid on over $1.3 billion in security upgrades under the Integrated Base Defense Security System (IBDSS) program. Of the initial bases for which contracts were issued prior to the recent program expansion, Electronic Control Security received one third of the awards. While there is no guarantee that the company will continue to reap an outsize share of the contract awards, their successful start combined with their appointment of Mr. Deyulio, will give them a strong hand in pursuing a significant share of the potential $1.3 billion in awards under this program.
CLICK HERE: http://www.homelandsecuritystocks.com/electronic-control/ for HSS Small Cap Spotlight on Electronic Control Security Inc.
I will be attending the FPFX meeting in Reno, NV on November 16,2005 and will report any news on this board as soon as possible. You may review some of my former posts by going to my profile (flemsnopes) and reading about this interesting story. You will be amazed at what a dedicated group of shareholders has been able to accomplish. The following is from the companies preliminary proxy filing of 10/19/2005 which can be found under SEC filings for fpfx at pinksheets.com:
In March 2005, a group of shareholders filed a lawsuit in the District Court of the State of Nevada, styled Martin. et al. v. FirstPlus Financial Group. Inc. et al (the "Court Action"), asking the court to compel an election since Nevada law allows a court to compel an election if a company has not held an election of directors in more than eighteen months since the last election of directors. Since the Company last held a shareholder meeting in 1998, the Company agreed to treat the lawsuit as a valid request for a special meeting by shareholders in accordance with the Company's bylaws and insisted in its pleadings with the court and its discussions with the petitioner's counsel that all appropriate laws, regulations and procedures be followed in the conduct of the special meeting and election. The court ordered that an election be held on November 16, 2005 in Reno, Nevada. Although it was not required to do so, the Company has already paid the petitioners' attorney's fees in an aggregate amount of $25,000, which the parties have stipulated fully satisfies any and all requests the petitioners have made or could have made in the future concerning reimbursement for petitioners attorney's fees and expenses associated with the Court Action. In addition, although it was not required to do so, the Company has also agreed to pay printing and distribution costs for the petitioners' proxy materials in an amount not to exceed $20,000.
What am I voting on?
You are being asked to vote on the election of four directors. When you sign and mail the White Proxy Card, you appoint Robert P. Freeman and Jack (J.D.) Draper as your representatives at the meeting. When we refer to the "named proxies" in this proxy statement we are referring to Messrs. Freeman and Draper. This way, your shares will be voted even if you cannot attend the meeting.
I am new here, but have noticed this is a very active board. Would someone bring me up to speed on why there is so much interest in this company. I noticed the O/S is around 780 million which is usually not a good thing, so what are some of the positives about this company? Are their products and services differentiated is some way that gives them an edge over competitors?
Well, it is exposure and the quarterly report, which may show significant growth, will be out soon for those who need more facts and less hype. I am hoping many new potential investors will be taking a look.
HomelandSecurityStocks.com: Electronic Control Security Inc. Ramps up to Meet Demand
Thursday October 20, 10:53 am ET
NEW YORK--(BUSINESS WIRE)--Oct. 20, 2005--Homeland Security Stocks.com (HSS) -- Electronic Control Security Inc. (OTCBB: EKCS - News), is moving rapidly to capitalize on the momentum from their record sales performance in just completed fiscal year 2005. The acceleration in performance of their United States Air Force base protection programs is particularly notable following the company's reports that they "continue to close substantial orders for equipment and sales to be delivered in Fiscal '06." In fact, little more than one quarter into fiscal '06, the company has estimated that the backlog from recent orders "will amount to $8,500,000."
The recently announced appointment of Mr. Richard Deyulio, a military technical expert with extensive project management experience, as Senior Project Manager to spearhead the Air Force program is an important indicator of the company's outlook as the United States Air Force, Force Protection Office has moved to increase the number of air force bases to be covered under the IBDSS base security upgrades program by more than 1,000 percent. Mr. Deyulio's hands-on experience in working with all levels of the chain of command, from field techs and specialists to coordinating with the White House gives him the credibility and reputation to maximize the company's prospects under this program.
Electronic Control Security is one of only four companies authorized to bid on over $1.3 billion in security upgrades under the Integrated Base Defense Security System (IBDSS) program. Of the initial bases for which contracts were issued prior to the recent program expansion, Electronic Control Security received one third of the awards. While there is no guarantee that the company will continue to reap an outsize share of the contract awards, their successful start combined with their appointment of Mr. Deyulio, will give them a strong hand in pursuing a significant share of the potential $1.3 billion in awards under this program.
CLICK HERE: http://www.homelandsecuritystocks.com/electronic-control/ for HSS Small Cap Spotlight on Electronic Control Security Inc.
Lockheed Martin (NYSE: LMT - News) is Electronic Control Security's subcontractor under the IBDSS program. Other public companies participating in the IBDSS program include Northrop Grumman Corp (NYSE: NOC - News) and L-3 Communications (NYSE: LLL - News).
About HomelandSecurityStocks.com
EKCS news out:
HomelandSecurityStocks.com: Electronic Control Security Inc. Ramps up to Meet Demand
Thursday October 20, 10:53 am ET
NEW YORK--(BUSINESS WIRE)--Oct. 20, 2005--Homeland Security Stocks.com (HSS) -- Electronic Control Security Inc. (OTCBB: EKCS - News), is moving rapidly to capitalize on the momentum from their record sales performance in just completed fiscal year 2005. The acceleration in performance of their United States Air Force base protection programs is particularly notable following the company's reports that they "continue to close substantial orders for equipment and sales to be delivered in Fiscal '06." In fact, little more than one quarter into fiscal '06, the company has estimated that the backlog from recent orders "will amount to $8,500,000."
The recently announced appointment of Mr. Richard Deyulio, a military technical expert with extensive project management experience, as Senior Project Manager to spearhead the Air Force program is an important indicator of the company's outlook as the United States Air Force, Force Protection Office has moved to increase the number of air force bases to be covered under the IBDSS base security upgrades program by more than 1,000 percent. Mr. Deyulio's hands-on experience in working with all levels of the chain of command, from field techs and specialists to coordinating with the White House gives him the credibility and reputation to maximize the company's prospects under this program.
Electronic Control Security is one of only four companies authorized to bid on over $1.3 billion in security upgrades under the Integrated Base Defense Security System (IBDSS) program. Of the initial bases for which contracts were issued prior to the recent program expansion, Electronic Control Security received one third of the awards. While there is no guarantee that the company will continue to reap an outsize share of the contract awards, their successful start combined with their appointment of Mr. Deyulio, will give them a strong hand in pursuing a significant share of the potential $1.3 billion in awards under this program.
CLICK HERE: http://www.homelandsecuritystocks.com/electronic-control/ for HSS Small Cap Spotlight on Electronic Control Security Inc.
Lockheed Martin (NYSE: LMT - News) is Electronic Control Security's subcontractor under the IBDSS program. Other public companies participating in the IBDSS program include Northrop Grumman Corp (NYSE: NOC - News) and L-3 Communications (NYSE: LLL - News).
About HomelandSecurityStocks.com
MSSI Signs Nurse Staffing Contract with Loudon Hospital Center in Virginia
VIENNA, Va., Oct. 19 /PRNewswire-FirstCall/ -- MSSI (OTC Bulletin Board: MSSI), an established provider of medical personnel, technology services and homeland security products to government and commercial clients, has signed a contract with Inova Loudon Hospital Center in Leesburg, Virginia for supplemental staffing services through its wholly owned subsidiary, Nurses PRN Acquisition Corporation (Nurses PRN).
Loudon Hospital Center is located in Loudon County, Virginia, one of the fastest growing counties in the nation. Nurses PRN has signed a contract with the hospital to provide per diem and long-term contracts for specialty and non-specialty nursing services.
Dr. Sahay, Chairman and CEO of MSSI said, 'This contract allows MSSI to grow its local presence in the Washington D.C., metropolitan area.'
Robert Murphy, President of Nurses PRN said, 'We are excited to see our recently opened Virginia office procure more business.'
More information about MSSI-TeleScience International, Inc. may be found at: http://www.telescience.com.
More information about Nurses PRN may be found at: http://www.nurses-prn.com
For MSSI-TeleScience inquiries, e-mail:
investmentrelations@telescience.com.
About MSSI-TeleScience
In operation since 1992, MSSI-TeleScience International, Inc. is a provider of long-term medical personnel, homeland security and technology services to federal, state and local government agencies and to the private sector. The company's Medical Services Division has operations in 22 states servicing hospital and medical facilities with a complete range of medical staff, including doctors, nurses and technicians. The company holds multiple long-term contracts, including those with the U.S. Army, the U.S. Department of Health and Human Services and the state of California.
The company's Technology Division provides systems integration and information technology services to the federal government, as well as emergency equipment, decontamination products, vehicles and supplies to state and local governments.
MSSI-TeleScience International currently has over 200 employees and continues to grow its staff and contracts. For more information, visit the company's website at http://www.telescience.com.
This is the first time I have heard of homelandsecuitystocks.com, but any exposure is probably better than none. EKCS has some impressive clients, the Air Force contract has incredible potential, and they seem to be respected by those who know about them. All that needs to happen is for the company to be discovered by a larger community of investors. Maybe this site will help.
EKCS is a well respected company in the perimeter security business holding a major open ended contract with the US Air Force. They are profiled on a website today and while the site is one of the many "paid" sites, it may get out the information about this company to a larger group of potential investors. See what you think!
HomelandSecurityStocks.com Introduces Small Cap Spotlight on Electronic Control Security Inc.
Tuesday October 18, 9:46 am ET
NEW YORK--(BUSINESS WIRE)--Oct. 18, 2005--Homeland Security Stocks.com (HSS) introduced a new Small Cap Spotlight on Electronic Control Security Inc. (OTCBB: EKCS - News), a leader in the vitally important perimeter security segment of the Homeland Security market. They are a prime contractor under the multi-year, multi-million dollar Integrated Base Defense Security System program (IBDSS) for the Department of Defense.
Investment Considerations Include:
A Leader in Perimeter Security
Record Sales in Fiscal 2005
Innovative New Products
Ongoing Government Contracts
Small Number of Outstanding Shares - Less than 7 million Shares in Public Float
Strong Management Holdings - over 35%
ECSI is also a leading provider of security for many of the nation's nuclear power plants which positions them well as the Department of Homeland Security moves to expand mandated anti-terrorism protection requirements beyond nuclear plants to many of the 15,000 chemical plants and sites in the United States.
ECSI is a company with strong products and growing sales in markets with multi-billion dollar potential. They have demonstrated the effectiveness of their products with sales to some of the most demanding customers in the world. They are moving aggressively to expand in the growing worldwide anti-terrorism market.
In a strategic move that sets them apart from many companies in the Homeland Security Sector, ECSI capitalizes on revenue opportunities from both the domestic Homeland Security anti-terrorism market and the market for systems to protect our troops and facilities against terrorism threats in hot-spots like Afghanistan and Iraq. This lets them capture a growing share of anti-terrorism spending wherever the spending is growing most rapidly.
CLICK HERE: http://www.homelandsecuritystocks.com/electronic-control/ for HSS Small Cap Spotlight on Electronic Control Security Inc.
ECSI perimeter security products are state of the art. Nothing speaks higher to the quality and reputation of ECSI than the fact that they have sold their Perimeter Intrusion Detection Systems (PIDS) to the Israeli Ministry of Defense for use at some of the highest threat installations, in one of the highest threat nations in the world. Other companies in the perimeter security sector include Magal Security Systems Inc. (NASDAQ: MAGS - News), General Electric (NYSE: GE - News), Verint Systems Inc. (NASDAQ: VRNT - News), FLIR Systems Inc. (NASDAQ: FLIR - News) and CompuDyne Corp. (NASDAQ: CDCY - News)
About HomelandSecurityStocks.com
Homeland Security Stocks, a leading portal for disseminating information about companies in the Homeland Defense Sector, was established to help investors better understand the publicly traded companies that play a role in protecting our homeland.
HSS spotlights companies in the Homeland Security Stock Sector at: http://www.homelandsecuritystocks.com/hss-small-caps/
This news release contains certain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this news release that are not statements of historical fact may be considered to be forward-looking statements. Written words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These statements by their nature are estimates of future results only and involve substantial risks and uncertainties. There can be no assurance that actual results will not differ materially from expectations.
We encourage all investors to use our sites only as a resource to further their own research. Additional Information on companies can be found at http://www.sec.gov. Homeland Security Stocks is compensated by some of the companies that appear on our websites. In this communication: Electronic Control Security Inc. $2,500 Monthly and 18,000 shares. Terms of use and full compensation details are available at: http://www.homelandsecuritystocks.us/termsofuse
Nothing on our sites should be construed as an offer or solicitation to buy or sell any specific products or securities. Past performance does not guarantee future results. Investigate before you invest. Although we attempt to research thoroughly, we offer no guarantees as to the accuracy of any information presented.
Homeland Security Stocks operates the following websites:
http://www.HomelandSecurityStocks.com
http://www.technologyGROWTHstocks.com
http://www.reitreview.com
Interesting move by the company to get more exposure. I generally don't assign much importance to these "paid" sites that get stock and cash for distributing information about the companies they "profile", but we need something to get us out of the basement. Maybe the site will at least get the company name more widely known.
HomelandSecurityStocks.com Introduces Small Cap Spotlight on Electronic Control Security Inc.
Tuesday October 18, 9:46 am ET
NEW YORK--(BUSINESS WIRE)--Oct. 18, 2005--Homeland Security Stocks.com (HSS) introduced a new Small Cap Spotlight on Electronic Control Security Inc. (OTCBB: EKCS - News), a leader in the vitally important perimeter security segment of the Homeland Security market. They are a prime contractor under the multi-year, multi-million dollar Integrated Base Defense Security System program (IBDSS) for the Department of Defense.
Investment Considerations Include:
A Leader in Perimeter Security
Record Sales in Fiscal 2005
Innovative New Products
Ongoing Government Contracts
Small Number of Outstanding Shares - Less than 7 million Shares in Public Float
Strong Management Holdings - over 35%
ECSI is also a leading provider of security for many of the nation's nuclear power plants which positions them well as the Department of Homeland Security moves to expand mandated anti-terrorism protection requirements beyond nuclear plants to many of the 15,000 chemical plants and sites in the United States.
ECSI is a company with strong products and growing sales in markets with multi-billion dollar potential. They have demonstrated the effectiveness of their products with sales to some of the most demanding customers in the world. They are moving aggressively to expand in the growing worldwide anti-terrorism market.
In a strategic move that sets them apart from many companies in the Homeland Security Sector, ECSI capitalizes on revenue opportunities from both the domestic Homeland Security anti-terrorism market and the market for systems to protect our troops and facilities against terrorism threats in hot-spots like Afghanistan and Iraq. This lets them capture a growing share of anti-terrorism spending wherever the spending is growing most rapidly.
CLICK HERE: http://www.homelandsecuritystocks.com/electronic-control/ for HSS Small Cap Spotlight on Electronic Control Security Inc.
ECSI perimeter security products are state of the art. Nothing speaks higher to the quality and reputation of ECSI than the fact that they have sold their Perimeter Intrusion Detection Systems (PIDS) to the Israeli Ministry of Defense for use at some of the highest threat installations, in one of the highest threat nations in the world. Other companies in the perimeter security sector include Magal Security Systems Inc. (NASDAQ: MAGS - News), General Electric (NYSE: GE - News), Verint Systems Inc. (NASDAQ: VRNT - News), FLIR Systems Inc. (NASDAQ: FLIR - News) and CompuDyne Corp. (NASDAQ: CDCY - News)
About HomelandSecurityStocks.com
Homeland Security Stocks, a leading portal for disseminating information about companies in the Homeland Defense Sector, was established to help investors better understand the publicly traded companies that play a role in protecting our homeland.
HSS spotlights companies in the Homeland Security Stock Sector at: http://www.homelandsecuritystocks.com/hss-small-caps/
This news release contains certain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this news release that are not statements of historical fact may be considered to be forward-looking statements. Written words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These statements by their nature are estimates of future results only and involve substantial risks and uncertainties. There can be no assurance that actual results will not differ materially from expectations.
We encourage all investors to use our sites only as a resource to further their own research. Additional Information on companies can be found at http://www.sec.gov. Homeland Security Stocks is compensated by some of the companies that appear on our websites. In this communication: Electronic Control Security Inc. $2,500 Monthly and 18,000 shares. Terms of use and full compensation details are available at: http://www.homelandsecuritystocks.us/termsofuse
Nothing on our sites should be construed as an offer or solicitation to buy or sell any specific products or securities. Past performance does not guarantee future results. Investigate before you invest. Although we attempt to research thoroughly, we offer no guarantees as to the accuracy of any information presented.
Homeland Security Stocks operates the following websites:
http://www.HomelandSecurityStocks.com
http://www.technologyGROWTHstocks.com
http://www.reitreview.com
You may want to do some DD on EKCS (Electronic Control Security International. Their web site is anti-terrorism.com. The share price has drifted down to the 1.10 range after going over 3.00 in the past year. I think it is simply a matter of being virtually unknown to investors, but if you look at their clients, you will see they are well respected in the perimeter security business. Here is a news release from last year concerning their largest contract which is with the US Air Force:
ECSI Receives Addition to 5 Year IBDSS Contract from Department of Defense
Monday September 20, 2004 9:00 am ET
Contract May Increase by $160 Million to Secure Global Strategic Sites
NEWS
CLIFTON, N.J., Sept. 20, 2004 (PRIMEZONE) -- ECSI (Electronic Control Security, Inc. (OTC BB:EKCS.OB - News) a leading manufacturer, integrator, developer, and contractor of perimeter security solutions, today announced that it received an addition to the 5-year indefinite delivery/indefinite quantity (IDIQ) contract with the United States Department of the Air Force to secure highly strategic global military facilities. The scope of the IBDSS contract has been expanded to include the Tactical Automated Sensor Systems (TASS) Program for forward base rapid deployment applications. The projected value may exceed $160,000,000 over the life of the contract, giving the IBDSS program a total value of up to $658,000,000.
I agree and I am continuing to accumulate at the recent low levels. The SHO list issue is just interesting to speculate about.
FPFX has a preliminary proxy filing (PRRN14A) which may be viewed at pinksheets.com. It is a very interesting read for any investor who has dreamed of actually holding a company's management and board of directors responsible for their actions or lack thereof. You will enjoy the read and please note that today (10/7/2005) is the shareholders date of record to vote at the court ordered company meeting and election in Reno, NV on November 16, 2005.
FPFX has a new preliminary proxy filing (PRRN14A) dated 10/6/05, which may be viewed at pinksheets.com under SEC filings for fpfx. Today (10/7/2005) is the date of record for voting at the court ordered meeting in Reno, NV on November 16,2005. The new filing details the concerns of the FPFX SHAREHOLDER VALUE COMMITTEE and I encourage everyone here to read it. You may be impressed with the accomplishments of a few tenacious shareholders who hope to replace the current board of directors who, in their opinion, have not lived up to their obligations to the shareholders of Firstplus Financial Group. I am certainly no expert on this type of action, but I would be willing to bet it is pretty rare.
Thanks, I am currently reading the preliminary proxy statement filed by the FPFX Shareholder Value Committee today. I encourage everyone to read the filing available at pinksheets.com under SEC filings for fpfx. I will have more to say tomorrow. Flem
The average volume is around 38,000 shares so 10,000 seems like quite a lot to me. I'm not saying there isn't a prefectly reasonable explanation, but I just wonder what that explantion is. Most of the other stocks on the list have much higher trading volumes.
CKEI (Clickable Enterprises, Inc) has some interesting news out today concerning their deal with Google. Consumers will likely be looking to lock in energy prices early and this news seems to comfirm that.
FPFX date of record tomorrow for shareholders to vote at the court ordered meeting in Reno,NV on November 16, 2005. Details are available in recent SEC filings and at the company website firstplusgroup.com.
FPFX date of record is tomorrow to vote at the court ordered shareholder meeting in Reno, NV on November 16, 2005. Go to company website at firstplusgroup.com for details.
I am really baffled by the continuing appearance of this stock on the SHO Threshold Stock list. EKCS is a relatively unknown low volume stock, so why does it continually show up on the list, indicating significant short positions which are outside the time limit for covering. I know we have discussed this here before but the typical stock on the SHO list doesn't fit the profile of this company.
Check out fpfx. There is a court ordered shareholder meeting coming up on November 16, 2005 in Reno, NV.(the company is incorporated in Nevada) You can get details at the company website firstplusgroup.com and in recent SEC filings on the pinksheets.com. The next month should be exciting.
FPFX may see some more movement this week as a key date, Oct 7 approaches. This is the date of record for shareholders to vote at the November 16th court-ordered shareholders meeting in Reno, NV. You can review the details in the SEC filings for fpfx at www.pinksheets.com and at the company website, www.firstplusgroup.com. This may be one of the most unusual events to occur in micro cap investing - for shareholders to attempt to get control of a company with significant assets.
I'm almost afraid to ask, but what is the golden nail?
Thanks, I will.
Flem
Sorry I was not clear, but I was attempting to do that with the information about the 50 million dollar claim against the bankrupt subsidiary and the 45 million outstanding shares. If the claim is paid in full with interest, we could be looking at 1 to 2 dollars in cash alone, with no consideration given to the possible resurrection of the business. Also, the key date is November 16th. This is the date of the shareholder meeting which was ordered by a Nevada judge after several key shareholders filed a complaint in Nevada. (Firstplus is incorporated in Nevada) The shareholders named in the suit, if successful, hope to distribute most if not all of the proceeds of the claim to current shareholders. The posters on the fpfx board at Raging Bull frequently post about these issues and I would encourage anyone who is interested to read some of the posts from earlier this year and even further back. The story is fascinating to say the least.
I hope my post will be the beginning of very fruitful discussions about this stock.