busy making sauce
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
QOIL .72 X .725 Strong move over the last few weeks.~Rig
~QOIL .675 X .68 Chart...
~Rig
~GPXM .19 X .193 Chart...
nice mid /long term play IMO..
http://www.golden-phoenix.com/
~Rig
~CRGooooooooooooo .025 X .0252~Rig
~SOYO .75 X .76 News today, chart...
http://biz.yahoo.com/bw/050816/165292.html?.v=1
SOYO Announces Second Consecutive Profitable Quarter as New Product Line Improves Profit Margin
Tuesday August 16, 9:00 am ET
Company Posts Net Income of $412,080 or $0.01 EPS for the First Six Months of 2005 vs. a Loss of 834,076 in 2004
~Rig
Nice move joe! ~Rig
~GFCI .57 X .58 Looking good ~Rig
~GFCI .55 X .555 Chart...
~GFCI .55 X .555 ! ~Rig
~UGNE 2.31 X 2.32 News...
Press Release Source: Unigene Laboratories, Inc.
Upsher-Smith launches NEW Fortical(R) Nasal Spray for postmenopausal osteoporosis
Tuesday August 16, 8:30 am ET
MINNEAPOLIS--(BUSINESS WIRE)--Aug. 16, 2005--Upsher-Smith Laboratories, Inc. announces the launch of new Fortical® calcitonin- salmon (rDNA origin) Nasal Spray, an effective treatment option for postmenopausal osteoporosis in women greater than 5 years postmenopause with low bone mass relative to healthy premenopausal women. Upsher-Smith commercializes the product today with shipments to the retail and wholesale trade, and will begin aggressively promoting to physicians through sales force detailing, national conventions, professional advertising and other promotion. Fortical® was developed, and will be manufactured for Upsher-Smith by Unigene Laboratories, Inc. (OTCBB: UGNE - News). Unigene announced FDA approval of Fortical® on August 15, 2005.
ADVERTISEMENT
"Fortical® presents an exciting new option for women with postmenopausal osteoporosis," says Phill Dritsas, Vice President, Marketing and Sales for Upsher-Smith. "Fortical® represents a pharmaceutically equivalent nasal calcitonin-salmon that provides a significant cost savings compared to the existing therapy. Further, Fortical® allows Upsher-Smith the opportunity to capitalize on our unique ability to offer an economical alternative and support physicians, retailers and managed care. Fortical® will conveniently fit into a woman's normal routine and can be taken before, during, or even after meals. The convenience of Fortical® may be just what many patients need to help diminish progressive osteoporotic bone loss."
New Fortical® Nasal Spray contains the active ingredient calcitonin-salmon. Calcitonin-salmon has been proven to produce statistically significant increases in lumbar vertebral bone mineral density (BMD) at just 6 months compared to placebo, with persistence at this level for up to 2 years of observation.(1) Calcitonin-salmon has also been shown to increase hip BMD, at 12 months compared to placebo(1).
Mark Evenstad, Vice Chairman and President, reflects on the company's pledge to market effective products to meet the ever-changing needs of both physicians and patients. "We continually strive to ensure the highest quality of our products. Fortical® is manufactured with a unique, patented recombinant DNA technology and safely treats postmenopausal osteoporosis with no reported serious drug-related gastrointestinal or esophageal adverse events."(1)
"We are impressed that Upsher-Smith has launched Fortical® so rapidly following FDA approval," commented Dr. Warren P. Levy, President and CEO of Unigene. "Upsher-Smith's commitment to Fortical® is clear and we are enthusiastic about the product's commercial prospects."
New Fortical® Nasal Spray is available now, with a prescription, and is recommended in conjunction with adequate intake of calcium and vitamin D. Periodic nasal examinations are recommended; if nasal ulceration occurs, discontinue treatment until healed. Because calcitonin-salmon is a protein, the possibility of systemic allergic reaction exists. For more information and complete product information/most common adverse events for Fortical® Nasal Spray, visit www.upsher-smith.com or call 1-800-654-2299.
About Upsher-Smith: Upsher-Smith Laboratories, Inc. is a fully integrated pharmaceutical company that manufactures and markets prescription pharmaceutical, OTC and cosmetic products. Upsher-Smith is also actively involved in licensing innovative compounds that are in clinical development. For more information about Upsher-Smith Laboratories, Inc., call 800-654-2299 or visit www.upsher-smith.com
About Unigene: Unigene Laboratories, Inc. is a biopharmaceutical company focusing on the oral and nasal delivery of large-market peptide drugs. Due to the size of the worldwide osteoporosis market, Unigene is targeting its initial efforts on developing calcitonin and PTH-based therapies. Unigene has licensed worldwide rights for its oral PTH technology to GlaxoSmithKline. Unigene's patented oral delivery technology has successfully delivered, in preclinical and/or clinical trials, various peptides including calcitonin, PTH and insulin. Unigene's patented manufacturing technology is designed to cost-effectively produce peptides in quantities sufficient to support their worldwide commercialization as oral or nasal therapeutics. For more information about Unigene, call (973) 882-0860 or visit www.unigene.com.
References: 1. Fortical® calcitonin-salmon (rDNA origin) Nasal Spray product information.
Safe Harbor statements under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements regarding us and our business, financial condition, results of operations and prospects. Such forward-looking statements include those which express plans, anticipation, intent, contingency, goals, targets or future development and/or otherwise are not statements of historical fact. We have based these forward-looking statements on our current expectations and projections about future events and they are subject to risks and uncertainties known and unknown which could cause actual results and developments to differ materially from those expressed or implied in such statements. These forward-looking statements include statements about the following: general economic and business conditions, our financial condition, competition, our dependence on other companies to commercialize, manufacture and sell products using our technologies, the uncertainty of results of animal and human testing, the risk of product liability and liability for human trials, our dependence on patents and other proprietary rights, dependence on key management officials, the availability and cost of capital, the availability of qualified personnel, changes in, or the failure to comply with, governmental regulations, the failure to obtain regulatory approvals for our products and other risk factors discussed in our Securities and Exchange Commission filings.. Words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "potential," "continue," and variations of these words (or negatives of these words) or similar expressions, are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various risk factors.
--------------------------------------------------------------------------------
Contact:
Upsher-Smith Laboratories, Inc:
Phill Dritsas, 763-315-2169
or
Unigene Investor:
The Investor Relations Group
Damian McIntosh / Dian Griesel, Ph.D.
Media: Janet Vasquez
212-825-3210
--------------------------------------------------------------------------------
Source: Unigene Laboratories, Inc.
~SOYO News...GM All!...
Yahoo! My Yahoo! Mail
Sign In
New User?Sign Up
Finance Home - Help
Welcome [Sign In] To track stocks & more, Register
Financial News
Enter symbol(s) BasicPerformanceReal-time MktDetailedChartResearchOptionsOrder Book Symbol Lookup
Press Release Source: SOYO Group Inc.
SOYO Announces Second Consecutive Profitable Quarter as New Product Line Improves Profit Margin
Tuesday August 16, 9:00 am ET
Company Posts Net Income of $412,080 or $0.01 EPS for the First Six Months of 2005 vs. a Loss of 834,076 in 2004
ONTARIO, Calif.--(BUSINESS WIRE)--Aug. 16, 2005-- SOYO® Group Inc. (OTCBB: SOYO - News), a leading global provider of computer, consumer electronics and broadband telecommunications products, today reported financial results for the second quarter ended June 30, 2005.
ADVERTISEMENT
Second Quarter 2005 Highlights
Net revenues for the second quarter were $8.5 million compared to $10.2 million in the year ago period. The decrease in net revenues was due to the company's shift in product focus from its traditional motherboard business to a more diverse product base that includes broadband VoIP, computer peripherals, and consumer electronics.
Quarterly net income was $102,119 compared to a loss of $928,781 from Q2 2004. This is the second consecutive quarter in which the company achieved profitability.
Quarterly gross margin was $754,870 or 8.9%, and represented a 128% improvement over the gross margin of $398,972 or 3.9% in Q2 2004. The increase in the gross margin as a percentage of sales can be attributed entirely to the new product lines.
Quarterly SG&A expense was $1,005,384, a 22% decrease from $1,289,334 in Q2 2004 as the company continues to reduce operating costs. During the quarter, the company also eliminated about $3.1 million of debts by reaching a final agreement with two former suppliers over unpaid debts.
Ming Chok, chief executive officer of SOYO, commented, "We are very pleased as we achieved our second consecutive profitable quarter. Over the past year we have successfully transitioned our business into faster growth areas while at the same time significantly improving the company's profitability. The decrease in net revenues reflects this transition in our product focus from the traditional motherboard business to a more diverse product base that includes broadband VoIP, computer peripherals, and consumer electronics. We expect sales of these new products to increase in the second half of 2005."
Six Months 2005 Highlights
Net revenues for the first six months of 2005 were $12.5 million compared to $18.8 million in the comparable year ago period. Gross margin was 10.2% for the period of 2005, as compared to 8.0% in the comparable year ago period. Net income was $412,081, or $.01 per share for the six months ended June 30, 2005, as compared to a net loss of $834,076, or $.02 net loss per share for the comparable year ago period.
Nancy Chu, chief financial officer of SOYO, commented, "Our improved financial results reflect the execution of our business strategy. In addition, we have implemented a series of aggressive cost control initiatives. We saw benefits of our actions already in the company's increased profitability. Our goal is to remain diligent in our cost controls while continuing to increase the profitability by leveraging our established channels to grow revenues in our new target markets, consumer electronics, computer products and broadband communications."
"We are excited about our prospects for the second half of 2005," continued Chok. "We have an excellent product line-up, such as our Dymond Series Flat Screen LCD TVs and monitors. We also have the improved financial position and credit lines necessary to support higher inventory levels required in the critical back-to-school and Christmas seasons. Retailers know the SOYO brand name, and equate it with quality and good value. We expect SOYO will continue to grow its revenue and improve our profitability as we introduce new lines of consumer electronics, broadband communications and computer products."
About SOYO Group Inc.
SOYO Group Inc. is a leading global provider of computer, consumer electronics, and broadband telecommunications products and services. Headquartered in Ontario, Calif., with sales offices in South America, SOYO Group sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers, including Walmart.com, eCost.com, Fry's, PC Mall and Tiger Direct, among others. For more information about the company and its products, please call 909-292-2500 or visit our Web site at http://www.soyogroup.com.
Safe Harbor Act Notice
This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the company's products, general acceptance of the company's products and technologies, competitive factors, timing, and other risks described in the company's SEC reports and filings. Third-party statements contained herein and information contained on any third-party Web site are not endorsed by or adopted by SOYO, nor has their accuracy been verified by SOYO.
SOYO Group Inc. and Subsidiary
Condensed Consolidated Statements of Operations (Unaudited)
Three Months Ended June 30,
------------------------------
2005 2004
---- ----
Net revenues $ 8,494,311 $10,194,388
Cost of revenues, including
inventories purchased from SOYO
Computer Inc. of $0
and $4,237,613 in 2005 and
2004, respectively 7,739,439 9,795,416
---------- ----------
Gross margin 754,872 398,972
---------- ----------
Costs and expenses:
Sales and marketing 124,029 262,136
General and administrative 881,355 1,027,198
Provision for doubtful accounts 3,390 29,462
Depreciation and amortization 9,338 4,212
---------- ----------
Total costs and expenses 1,018,112 1,323,008
---------- ----------
Income from operations (263,240) (924,036)
---------- ----------
Other income (expense):
Interest income - -
Interest expense 12,157 (4,745)
Miscellaneous revenue (377,516)
---------- ----------
Other expense, net 365,359 (4,745)
---------- ----------
Income before provision for
income taxes 102,119 (928,781)
Provision for income taxes - -
---------- ----------
Net income $ 102,119 $ (928,781)
========== ==========
Less: Dividends on Class B
Convertible Preferred Stock (37,500) (71,773)
Net Income attributable to
Common Shareholders $ 64,619 $(1,000,554)
Net income per common share -
Basic $ 0.00 $ (0.03)
Diluted $ 0.00 $ (0.03)
Weighted average number of
common shares outstanding -
Basic 44,408,200 40,000,000
Diluted 49,279,410 46,666,667
SOYO Group Inc. and Subsidiary
Condensed Consolidated Statements of Operations (Unaudited)
Six Months Ended June 30,
----------------------------
2005 2004
---- ----
Net revenues $12,456,830 $18,788,690
Cost of revenues, including
inventories purchased from SOYO
Computer Inc. of $0
and $9,953,689 in 2005 and
2004, respectively 11,179,925 17,276,550
---------- ----------
Gross margin 1,276,905 1,512,140
---------- ----------
Costs and expenses:
Sales and marketing 363,494 299,288
General and administrative 1,815,328 1,837,581
Provision for doubtful accounts 34,513 196,335
Depreciation and amortization 18,087 8,267
---------- ----------
Total costs and expenses 2,231,422 2,341,471
---------- ----------
Income from operations (954,517) (829,331)
---------- ----------
Other income (expense):
Interest income - -
Interest expense (23,378) (4,745)
Miscellaneous revenue 1,466,688 -
---------- ----------
Other expense, net 1,443,310 4,745
---------- ----------
Income before provision for
income taxes 488,793 (834,076)
Provision for income taxes - -
---------- ----------
Net income $ 488,793 $ (834,076)
========== ==========
Less: Dividends on Class B
Convertible Preferred Stock 76,713 -
Net Income attributable to
Common Shareholders $ 412,080 $ (834,076)
Net income per common share -
Basic $ 0.01 $ (0.02)
Diluted $ 0.01 $ (0.02)
Weighted average number of
common shares outstanding -
Basic 44,408,200 40,000,000
Diluted 49,279,410 46,666,667
--------------------------------------------------------------------------------
Contact:
The Ruth Group
David Pasquale, 646-536-7006 (Investor Relations)
dpasquale@theruthgroup.com
or
Sierra Tech Public Relations
Len Fernandes, 530-832-1613 (Technical Media Relations)
lencom@earthlink.net
--------------------------------------------------------------------------------
Source: SOYO Group Inc.
Email Story
Set News Alert
Print Story
Sponsor Results
Introduction to Options Trading
Discover how our 5-Step Investing Formula can help you achieve your financial goals through intelligent investment decisions. Register for a free seminar near you.
www.investools.com
Free Options Trading Information
Register with Barron's to gain free unlimited access to option trading, commodity charts, quotes, market reports and API data. Sign up now and receive our free investor's kit.
www.barronscommodity.com
80% Accurate Commodities Forecasts
Up to 80% accurate futures and commodities predictions from Vantagepoint market forecast software as discussed on Cnbc, Cnnfn and Bloomberg TV. Free sample output with sign up.
www.profittaker.com
(What's This?)
Related Quote
SOYO.OB 0.70 0.00 News
View Detailed Quote
Delayed 20 mins
Providers - Disclaimer
Related News Stories
· WSR Features SOYO's CEO - Business Wire (Wed Aug 10)
· Amazon.com Now Carries SOYO's Dymond Wide-Screen, HD-Ready LCD TVs - Business Wire (Thu Jul 28)
· SOYO Group Introduces the SAGE Pre-Paid Calling Card for Long Distance and International Service - PR Newswire (Wed Jul 6)
· SOYO Group to Present at Global Chinese Financial Forum - PR Newswire (Wed Jun 22)
More...
--------------------------------------------------------------------------------
· By industry: Computer hardware, Computers, Telecom
Top Stories
· JPMorgan, TD Settle 'Megaclaims' Suit - AP (9:04 am)
· Stocks Set to Open Down on Economic Data - AP (8:44 am)
· Wal-Mart Profit Climbs 6 Percent in 2Q - AP (8:40 am)
· Home Depot Posts 2Q Profit on Strong Sales - AP (8:38 am)
More...
--------------------------------------------------------------------------------
· Most-emailed articles
· Most-viewed articles
Inside Yahoo! Finance
Today's Markets
· Earnings Calendar
· Upgrades/Downgrades
· Most Actives
· Stock Screener
--------------------------------------------------------------------------------
Copyright © 2005 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Ad Feedback
Copyright © 2005 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials by posting, archiving in a public web site or database, or redistribution in a computer network is strictly forbidden.
~Todays News Release...
Yahoo! My Yahoo! Mail
Sign In
New User?Sign Up
Finance Home - Help
Welcome [Sign In] To track stocks & more, Register
Financial News
Enter symbol(s) BasicPerformanceReal-time MktDetailedChartResearchOptionsOrder Book Symbol Lookup
Press Release Source: SOYO Group Inc.
SOYO Announces Second Consecutive Profitable Quarter as New Product Line Improves Profit Margin
Tuesday August 16, 9:00 am ET
Company Posts Net Income of $412,080 or $0.01 EPS for the First Six Months of 2005 vs. a Loss of 834,076 in 2004
ONTARIO, Calif.--(BUSINESS WIRE)--Aug. 16, 2005-- SOYO® Group Inc. (OTCBB: SOYO - News), a leading global provider of computer, consumer electronics and broadband telecommunications products, today reported financial results for the second quarter ended June 30, 2005.
ADVERTISEMENT
Second Quarter 2005 Highlights
Net revenues for the second quarter were $8.5 million compared to $10.2 million in the year ago period. The decrease in net revenues was due to the company's shift in product focus from its traditional motherboard business to a more diverse product base that includes broadband VoIP, computer peripherals, and consumer electronics.
Quarterly net income was $102,119 compared to a loss of $928,781 from Q2 2004. This is the second consecutive quarter in which the company achieved profitability.
Quarterly gross margin was $754,870 or 8.9%, and represented a 128% improvement over the gross margin of $398,972 or 3.9% in Q2 2004. The increase in the gross margin as a percentage of sales can be attributed entirely to the new product lines.
Quarterly SG&A expense was $1,005,384, a 22% decrease from $1,289,334 in Q2 2004 as the company continues to reduce operating costs. During the quarter, the company also eliminated about $3.1 million of debts by reaching a final agreement with two former suppliers over unpaid debts.
Ming Chok, chief executive officer of SOYO, commented, "We are very pleased as we achieved our second consecutive profitable quarter. Over the past year we have successfully transitioned our business into faster growth areas while at the same time significantly improving the company's profitability. The decrease in net revenues reflects this transition in our product focus from the traditional motherboard business to a more diverse product base that includes broadband VoIP, computer peripherals, and consumer electronics. We expect sales of these new products to increase in the second half of 2005."
Six Months 2005 Highlights
Net revenues for the first six months of 2005 were $12.5 million compared to $18.8 million in the comparable year ago period. Gross margin was 10.2% for the period of 2005, as compared to 8.0% in the comparable year ago period. Net income was $412,081, or $.01 per share for the six months ended June 30, 2005, as compared to a net loss of $834,076, or $.02 net loss per share for the comparable year ago period.
Nancy Chu, chief financial officer of SOYO, commented, "Our improved financial results reflect the execution of our business strategy. In addition, we have implemented a series of aggressive cost control initiatives. We saw benefits of our actions already in the company's increased profitability. Our goal is to remain diligent in our cost controls while continuing to increase the profitability by leveraging our established channels to grow revenues in our new target markets, consumer electronics, computer products and broadband communications."
"We are excited about our prospects for the second half of 2005," continued Chok. "We have an excellent product line-up, such as our Dymond Series Flat Screen LCD TVs and monitors. We also have the improved financial position and credit lines necessary to support higher inventory levels required in the critical back-to-school and Christmas seasons. Retailers know the SOYO brand name, and equate it with quality and good value. We expect SOYO will continue to grow its revenue and improve our profitability as we introduce new lines of consumer electronics, broadband communications and computer products."
About SOYO Group Inc.
SOYO Group Inc. is a leading global provider of computer, consumer electronics, and broadband telecommunications products and services. Headquartered in Ontario, Calif., with sales offices in South America, SOYO Group sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers, including Walmart.com, eCost.com, Fry's, PC Mall and Tiger Direct, among others. For more information about the company and its products, please call 909-292-2500 or visit our Web site at http://www.soyogroup.com.
Safe Harbor Act Notice
This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the company's products, general acceptance of the company's products and technologies, competitive factors, timing, and other risks described in the company's SEC reports and filings. Third-party statements contained herein and information contained on any third-party Web site are not endorsed by or adopted by SOYO, nor has their accuracy been verified by SOYO.
SOYO Group Inc. and Subsidiary
Condensed Consolidated Statements of Operations (Unaudited)
Three Months Ended June 30,
------------------------------
2005 2004
---- ----
Net revenues $ 8,494,311 $10,194,388
Cost of revenues, including
inventories purchased from SOYO
Computer Inc. of $0
and $4,237,613 in 2005 and
2004, respectively 7,739,439 9,795,416
---------- ----------
Gross margin 754,872 398,972
---------- ----------
Costs and expenses:
Sales and marketing 124,029 262,136
General and administrative 881,355 1,027,198
Provision for doubtful accounts 3,390 29,462
Depreciation and amortization 9,338 4,212
---------- ----------
Total costs and expenses 1,018,112 1,323,008
---------- ----------
Income from operations (263,240) (924,036)
---------- ----------
Other income (expense):
Interest income - -
Interest expense 12,157 (4,745)
Miscellaneous revenue (377,516)
---------- ----------
Other expense, net 365,359 (4,745)
---------- ----------
Income before provision for
income taxes 102,119 (928,781)
Provision for income taxes - -
---------- ----------
Net income $ 102,119 $ (928,781)
========== ==========
Less: Dividends on Class B
Convertible Preferred Stock (37,500) (71,773)
Net Income attributable to
Common Shareholders $ 64,619 $(1,000,554)
Net income per common share -
Basic $ 0.00 $ (0.03)
Diluted $ 0.00 $ (0.03)
Weighted average number of
common shares outstanding -
Basic 44,408,200 40,000,000
Diluted 49,279,410 46,666,667
SOYO Group Inc. and Subsidiary
Condensed Consolidated Statements of Operations (Unaudited)
Six Months Ended June 30,
----------------------------
2005 2004
---- ----
Net revenues $12,456,830 $18,788,690
Cost of revenues, including
inventories purchased from SOYO
Computer Inc. of $0
and $9,953,689 in 2005 and
2004, respectively 11,179,925 17,276,550
---------- ----------
Gross margin 1,276,905 1,512,140
---------- ----------
Costs and expenses:
Sales and marketing 363,494 299,288
General and administrative 1,815,328 1,837,581
Provision for doubtful accounts 34,513 196,335
Depreciation and amortization 18,087 8,267
---------- ----------
Total costs and expenses 2,231,422 2,341,471
---------- ----------
Income from operations (954,517) (829,331)
---------- ----------
Other income (expense):
Interest income - -
Interest expense (23,378) (4,745)
Miscellaneous revenue 1,466,688 -
---------- ----------
Other expense, net 1,443,310 4,745
---------- ----------
Income before provision for
income taxes 488,793 (834,076)
Provision for income taxes - -
---------- ----------
Net income $ 488,793 $ (834,076)
========== ==========
Less: Dividends on Class B
Convertible Preferred Stock 76,713 -
Net Income attributable to
Common Shareholders $ 412,080 $ (834,076)
Net income per common share -
Basic $ 0.01 $ (0.02)
Diluted $ 0.01 $ (0.02)
Weighted average number of
common shares outstanding -
Basic 44,408,200 40,000,000
Diluted 49,279,410 46,666,667
--------------------------------------------------------------------------------
Contact:
The Ruth Group
David Pasquale, 646-536-7006 (Investor Relations)
dpasquale@theruthgroup.com
or
Sierra Tech Public Relations
Len Fernandes, 530-832-1613 (Technical Media Relations)
lencom@earthlink.net
--------------------------------------------------------------------------------
Source: SOYO Group Inc.
Email Story
Set News Alert
Print Story
Sponsor Results
Introduction to Options Trading
Discover how our 5-Step Investing Formula can help you achieve your financial goals through intelligent investment decisions. Register for a free seminar near you.
www.investools.com
Free Options Trading Information
Register with Barron's to gain free unlimited access to option trading, commodity charts, quotes, market reports and API data. Sign up now and receive our free investor's kit.
www.barronscommodity.com
80% Accurate Commodities Forecasts
Up to 80% accurate futures and commodities predictions from Vantagepoint market forecast software as discussed on Cnbc, Cnnfn and Bloomberg TV. Free sample output with sign up.
www.profittaker.com
(What's This?)
Related Quote
SOYO.OB 0.70 0.00 News
View Detailed Quote
Delayed 20 mins
Providers - Disclaimer
Related News Stories
· WSR Features SOYO's CEO - Business Wire (Wed Aug 10)
· Amazon.com Now Carries SOYO's Dymond Wide-Screen, HD-Ready LCD TVs - Business Wire (Thu Jul 28)
· SOYO Group Introduces the SAGE Pre-Paid Calling Card for Long Distance and International Service - PR Newswire (Wed Jul 6)
· SOYO Group to Present at Global Chinese Financial Forum - PR Newswire (Wed Jun 22)
More...
--------------------------------------------------------------------------------
· By industry: Computer hardware, Computers, Telecom
Top Stories
· JPMorgan, TD Settle 'Megaclaims' Suit - AP (9:04 am)
· Stocks Set to Open Down on Economic Data - AP (8:44 am)
· Wal-Mart Profit Climbs 6 Percent in 2Q - AP (8:40 am)
· Home Depot Posts 2Q Profit on Strong Sales - AP (8:38 am)
More...
--------------------------------------------------------------------------------
· Most-emailed articles
· Most-viewed articles
Inside Yahoo! Finance
Today's Markets
· Earnings Calendar
· Upgrades/Downgrades
· Most Actives
· Stock Screener
--------------------------------------------------------------------------------
Copyright © 2005 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Ad Feedback
Copyright © 2005 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials by posting, archiving in a public web site or database, or redistribution in a computer network is strictly forbidden.
~SNPD .036 X .04 Chart...
~Rig
~URIX .69 X .70 continues higher,Through the 200 ma today, nice mid to long term play for Uranium...
~Rig
~MLHP .175 X .18 Chart...
~Rig
~VMHVF .18 X .20 Chart...
~Rig
~CRGO Chart...
~Rig
~SNPD Added .038 Big run coming again IMO.~Rig
~AMHD .0095 X .01 keeps climbing tree...
~Rig
glry2Gd, thats what I've heard.lol. ~Rig
OT:Dream/CRGO...
~SEHO moving .245 X .25 Chart...
~Rig
~SEHO .22 X .23 Nice News...
SENSE Holdings Acquires Exclusive License and Patents for Explosives and Chemical Detection; SENSE Holdings and Oak Ridge National Laboratory to Develop Handheld Detector Using MEMS Technology
Aug 15, 2005 3:00:00 PM
Copyright Business Wire 2005
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 15, 2005--
SENSE Holdings, Inc. (SENSE): (OTCBB:SEHO), a leading provider of biometrically secured identification systems and Homeland Security Solutions announced today that the company has signed a long term patent and license agreement with Oak Ridge National Laboratory (ORNL). The new expanded patent and license agreement affords SENSE Holdings Worldwide exclusive rights to sales, manufacturing and distribution rights using Intellectual property acquired from ORNL for the detection of Explosives and chemical warfare agents. The granted rights include the detection of all explosives, narcotics, and chemically based ethers. SENSE has also acquired the option to develop a security solution for the Biological warfare field of use. The Biological field might include solutions for Anthrax, Ricin, Botulinum and others. These additional licenses and patents compliment the existing Intellectual property that SENSE previously acquired in 2001 through the acquisition of Micro Sensor Technologies, Inc. SENSE is currently in the development of a handheld explosives detector utilizing the core technology developed at ORNL. SENSE Holdings intends to fund Oak Ridge for the testing and core development of the device, and SENSE will manufacture the handheld detector for worldwide distribution as permitted under its newly acquired patent and license agreement. SENSE Holdings has filed for additional patents relating to the technology and plans to market these security solutions to Governments, Airports, and Law enforcement agencies, along with private industry worldwide.
"We are very excited to have SENSE Holdings as a commercialization partner for our MEMS technology," stated Alex Fischer, ORNL's Director of Technology Transfer and Economic Development. "The application areas on which they are focusing the technology will not only provide a financial return but will also address issues of national and international importance, such as explosives detection."
Oak Ridge National Laboratory is operated by UT-Battelle under contract to the United States Dept of Energy.
"These newly acquired exclusive licenses and patents will help support SENSE in its quest to become a serious entity in the Homeland Defense Market. We feel the core technology developed at ORNL will allow for the creation of a revolutionary product that will not only be extremely accurate, but affordable to help combat worldwide terrorism," stated Dore Perler, CEO of SENSE Holdings, Inc. The recent advancements presented to us at Oak Ridge shows that ORNL as well as the United States government, are dedicated to combating the continuing terrorist threat throughout the world.
About ORNL
ORNL is a multiprogram science and technology laboratory managed for the U.S. Department of Energy by UT-Battelle, LLC. Scientists and engineers at ORNL conduct basic and applied research and development to create scientific knowledge and technological solutions that strengthen the nation's leadership in key areas of science; increase the availability of clean, abundant energy; restore and protect the environment; and contribute to national security.
ORNL also performs other work for the Department of Energy, including isotope production, information management, and technical program management, and provides research and technical assistance to other organizations.
About SENSE Holdings, Inc.
SENSE Holdings, Inc. - http://www.senseme.com - is comprised of two wholly-owned subsidiaries, SENSE Technologies, Inc., a leading manufacturer of biometrically secured authentication and identification systems, and MSTI, Inc., a leading micro-sensor explosives detection research and development organization. MSTI holds patents and intellectual property that enable explosives detection, authentication, and identification. SENSE Holdings, Inc. integrates advanced biometric and microelectromechanical sensor (MEMS) technology into mechanical and electronic control devices that improve and secure many business processes.
For more information contact SENSE Holdings, Inc., 4503 NW 103 Ave. (Suite 200) Sunrise, Florida 33351; Telephone: 1-877-SENSEME (736-7363) and 1-954-726-1422; E-Mail: dore@senseme.com; Web: http://www.senseme.com.
Safe Harbor Statement
Statements contained herein, other than historical data, may constitute forward-looking statements. When used in this document, the words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements regarding events and financial trends which may affect the Company's future operating results and financial position. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those included within the forward-looking statements. These risks and uncertainties include, but are not limited to, the Company's ability to generate meaningful revenues and achieve profitable operations; its ability to obtain necessary capital; whether biometric fingerprint technology is accepted in the marketplace; whether the Company is able to develop and successfully market products incorporating MEMS technology; whether it can compete in a challenging marketplace; and whether the Company can successfully integrate its technology with other technologies to create commercially viable products. Additional risks and uncertainties are set forth in the Company's SEC filings including its Annual Report on Form 10-KSB and registration statements filed under the Securities Act of 1933, as amended.
Source: SENSE Holdings, Inc.
----------------------------------------------
SENSE Holdings
Inc.
Fort Lauderdale
Dore Perler
954-726-1422
dore@senseme.com
~CRGO .0209 X .021/SCHB best bidder, first time, long time ~Rig
tree/AMHD, signs of life ~Rig
~QOIL .65 X .69 Looking great, News...
Quest Oil Acquires Empress Project and Spuds Well '12-15' August 16, 2005
Aug 15, 2005 12:00:00 PM
2005 PrimeZone Media Network
ARLINGTON, Texas, Aug. 15, 2005 (PRIMEZONE) -- Quest Oil Corporation (OTCBB:QOIL) is pleased to announce the Company has acquired a 100% working interest in the Empress Project, located 160 miles east of Calgary, Alberta. Empress consists of 4 sections of Crown P&NG rights where Quest Oil is acquiring a 100% working interest in 4 sections upon the drilling of well 12-15 24-2W4M. The Empress Project holds the lease rights from surface to basement entailing five known production zones, Bakken, Banff, Detrital, Colony and Viking. Well "12-15" will be operated by Transaction Oil and Gas Ventures Inc., Transaction is already is in possession of well license and permits and has a confirmed spud date of August 16, 2005. Quest Oil has retained Mr. Richard Johnson as Project Advisor, who was instrumental in locating the Acadia North "10-22" gas well.
Quest Oil, President and CEO Cameron King states, the Empress Project is a feather in our cap, with a very successful Acadia Project soon to be in production, we are being offered quality projects with substantial upside potential allowing for high ROI results. Empress is one project that consists of four (4) sections with reserves and a recent discovery immediately to the east of the "12-15" well. Empress is a project that fits our strategy of low risk and high return."
The Empress Project is subject to a 18% GORR (Gross Override Royalty Rate). All lands are Crown and are subject to usual Crown royalty.
ABOUT QUEST OIL CORPORATION
The Company is committed to the exploration and development of economical oil and natural gas reserves globally. Quest management is focused on an acquisition program targeting high quality and low risk prospects. Initially Quest is focused on the development of North American oil and gas resources allowing highly leveraged production opportunities in Alberta and Texas, through its 100% owned subsidiaries Quest Canada Corp. and Wallstin Petroleum LLC.
ON BEHALF OF THE BOARD
Quest Oil Corporation
"Cameron King"
Cameron King, MBA - Director
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Quest Oil Corporation has little or no control.
CONTACT: Quest Oil Corporation
Investor Information
Mr. Darren Hayes, Corporate Development
866-264-7668
www.questoil.com
~GFCI .53 X .54 Chart...
~Rig
http://www.atimes.com/atimes/China/FK12Ad02.html
China
Foreign investors mum on China's energy shortage
By Jayanthi Iyengar
Normally, if any country faced power shortages of the dimensions that China does, the industries hit would be up in arms castigating the government, while officials would try telling the world it's not such a big deal.
In China, it is the other way around. The Chinese authorities, through their various government and quasi-government arms, repeatedly have confessed that the country faces a dearth of electricity, which is likely to ease only in 2006. They have, however, been reassuring industry, particularly foreign investors, with promises of additional generating capacity. Foreign investors in China, on the other hand, have been a surprisingly quiet lot as they understand the importance of getting on well with the powers that be. As a group, most of them confess to shortages and inconvenience. Some have even indicated that they would be forced to shift base if the situation continues, yet mum's the word when it comes to individuals or company officials speaking out.
Take for example the Taiwanese, Korean and Japanese companies, the dominant players in the electronics industry. Early this year the Financial Times highlighted a report by the Hong Kong office of the Association of Japanese Trade Revival (AJTR). According to this report, most Japanese enterprises in Guangdong province intended to move their offices north, including their generating plants, to Guangxi province. The reason: frequent blackouts and power rationing in Guangdong. The Honda factory in Guangzhou City shut down in early 2004 after power supply was reduced. The newspaper went on to quote a representative of the Beijing office of the AJTR who mentioned that many Japanese manufacturers had developed a "three-three" strategy, whereby they divided their total investments into three, one part each being invested in Japan, the Chinese mainland, and in other areas of Southeast Asia. The veiled threat: shape up or we ship out.
The New York-based Epoch Times, which claims to be the largest Chinese-language newspaper outside the mainland and Taiwan, and claims that it provides uncensored coverage of events in the Middle Kingdom, later picked up the Financial Times story and went on to comment: "Phenomena such as dispersed and migrating investments have occurred all over China and are not limited to Japanese firms. A factory of Korean giant LG Corporation, located in Nanjing City, admitted that the biggest problem it faced was electricity shortage ... Companies are paying special attention to the availability of electricity and have said that if conditions continue the way they are, they would have to take appropriate measures."
This report also quoted Lu Lijia, from the Japanese Jingci (Tianjin) Trading Limited Corporation, who said he did not encounter any major difficulties in managing his company because of power shortages, but would analyze its long-term options all the same. Lijia is not alone in such guarded response. Taiwanese electronics and computer manufacturers Walsin Lihwa Group and Mitac International Corp have gone on record saying none of their China-based companies have been affected, though they have operations in hard-hit energy-shortage areas such as Shanghai, Jiangsu, Zhejiang, and Guangdong. The Taiwanese government, meanwhile, has been gleefully inviting its multinationals to return home to better manufacturing, infrastructure, and lots of electricity.
Honda, Volkswagen and Sony are some of the global brands that reportedly have been hit in various degrees by power cuts. Yet the reactions of these companies are no different from those of the smaller ones. Kai Grueber, corporate communications chief of the Volkswagen Group, China, told Asia Times Online: "Volkswagen was able to meet its production targets despite occasional lack of energy by working flexible time at Shanghai. So the company wasn't affected seriously. At FAW-Volkswagen in Changchun, no shortage of energy has appeared yet. As more power stations are being built up at the moment, the company is convinced that the availability of energy will be ensured in future."
New opportunities
The experts - at least those who do not fear any direct fallout on their operations from negative comments - are more forthcoming. Sun Li, chairman of China Energy Savings Technology (CEST), told Asia times Online that the current power shortages would impact foreign companies in China to a certain extent. "China's exports will be affected," he said, adding that foreign manufacturers, rather than service providers, are more in the eye of the storm, while the domestic manufacturing industry will be as badly hurt. Li, who swears by energy conservation and savings rather than captive generation, has had the vision to take advantage of the crisis. In October, CEST, which is in the business of supplying energy-saving devices, went on to expand its presence in China by setting up a network with more than 2,000 salespeople to distribute its products in the major cities.
CEST is not alone in grabbing this "opportunity". US-based Rockwell Automation recently cornered the contract, along with the Sihai Automation Control Engineering Company - a subsidiary of SEPCO (China's largest electric-power holding company) - to provide medium-voltage drive solutions throughout Greater China and the entire Asia-Pacific region. The contract was awarded after Rockwell was able to provide value to the Qingdao-based Shandong Huangdao Power Plant and achieved savings amounting to US$1.2 million annually.
According to Shen Jie, Rockwell's commercial manager for medium voltage for the Asia-Pacific region, "Our solution is based on Rockwell Automation's concept of an information enabled enterprise. Huangdao was an old power plant. Our solution made it energy efficient." This solution involved installing switches that allowed the power plant to run its motors when needed, instead of running them full stream at all times under the old model. This constant running of the motors resulted in wasteful consumption of power. Rockwell's solution helped the plant save 30-million-kilowatt hours annually.
While shortages have caused hardships as well as created new opportunities, James P Dorian, the Washington, DC-based International Energy and Minerals economist, sounded a note of caution: "While government officials suggest the outages may end by 2006, some industry experts disagree. Problems with the inefficient coal and power sectors [which enjoy near monopoly status] will have to be resolved first. Given this, companies or foreign investors considering Chinese projects must factor in potential periodic disruptions in power - and consider the economics of a project with this in mind. Many companies last year, for example, simply shut down for days when power was restricted. Bottlenecks in coal transportation are adding to the overall problem."
Interestingly, some of the calculations used by many experts to predict that the power situation will ease in 2005-06 are beginning to go awry. The promised slowdown of the Chinese economy, which is necessary to resolve the demand-side issues related to power shortages, hasn't happened so far to a significant degree. Third-quarter figures still show 9.1% growth. This is slower than 9.8% in 2003, but still higher than the desirable level of 8%.
Rush to China
This raises the question, why are multinationals of all stripes continuing to rush to China? Denso, the Japanese automotive giant, may have an answer. Denso went on to expand operations in China in July 2004, a time when reports of the power crisis were rampant. Its plant was started in Guangzhou in south China's Guangdong province, one of the areas that have seen the worst power shortages. "China is one of our most strategic areas for growth, and our goal is to be one of the top suppliers there in several years. We will establish a supply network that is always ready to meet customer needs and at the same time avoid issues related to major investments in a rapidly growing market, including the power shortage problem," Denso spokesperson Miwa Kurokawa told Asia Times Online.
The company chose Guangzhou because it is a region where other automobile manufacturers are likely to increase production. "Honda as well as Toyota have been establishing production networks there," explained the spokesperson. The new plant is situated in the Guangzhou Nancha development zone approved by the Chinese government. Kurokawa explained that the development zones approved by the government have stronger capabilities to supply power than other areas. The company conceded that it is difficult to correctly predict the future, but it does expect to receive the power necessary for its production in the development zone. The company does not expect any problems - currently some 130 gigawatts of new capacity are under construction, a 31% increase over the existing level - but it is amply prepared with a back-up plan in the form of self-generating power equipment. "However, in case of power shortage [the company denies there is any yet in the area where it has set up shop], we will consider several counter-measures, including export from Japan," Kurokawa said.
Experts like Sun Li of CEST argue that captive generation is a limited solution. "It can only help solve trivial matters like lighting. When it comes to bigger issues like manufacturing, captive generation can't help much," said Li, who argued that the solutions to China's power woes lie as much in energy conservation and saving measures as in self-generation.
Jayanthi Iyengar is a senior business journalist from India who writes on a range of subjects for several publications in Asia, Britain and the United States. She may be contacted at jayanthiiyengar1@hotmail.com.
(Copyright 2004 Asia Times Online, Ltd. All rights reserved. Please contact content@atimes.com for information on our sales and syndication policies.)
~QOIL .60 X .605 Chart...
Rig
~UGNE 2.33 X 2.34 Chart...
Like to see 2.50
~Rig
~QOIL .64 X .645 ~Rig
OT:Penny,
Yea I guess I should have asked my southern wife.lol.
~Rig
Excellent! let's get er done! ~Rig
~MLHP Sales News...
Millenia Hope Generates Second MMH Malarex(TM) Sale
New Contract to Also Generate Further Sales Over 12 Months
Aug 15, 2005 9:00:00 AM
MONTREAL, Aug. 15 /PRNewswire-FirstCall/ -- Millenia Hope Inc., a Delaware Biopharma corporation (OTC Bulletin Board: MLHP; Berlin: MLF), today announced that it has sold 10,000 treatments of MMH Malarex(TM)/MMH 18(TM) to a private clinic in Mali. This sale is the initial order from a second contract that could also generate sales of 100,000 treatments over the next 12 months.
Previously, on August 10, 2005, Millenia Hope announced its initial African sale of 25,000 treatments from a contract totaling 100,000 treatments spread over the following 12 months. Leonard Stella, CEO, stated, "It is very satisfying to know that we are part of the solution to such an insidious and devastating problem, the malaria plague. Millenia pledges its very best effort to help in curing this killer disease.
"There are 300-500 million malaria-infected individuals globally; three (3) million die annually, of which 1 million are children under five (5) years of age. An effective malaria cure is urgently needed. In many regions, 70% or more of malaria strains are resistant to existing medications and the World Health Organization (WHO) is no longer funding products like chloroquine to which malaria is resistant. MMH Malarex(TM)/MMH 18(TM) cures malaria in those regions where resistant strains are prevalent. MMH Malarex(TM) has cured nearly 1,000 malaria sufferers in its various trials over the last five (5) years. We are saving lives right now!"
About Millenia Hope
Millenia hope is in the business of developing innovative treatments and quality medication products that will lead to healthier lives. Our people are committed to research and development to deliver on medical needs globally and to bring hope through healthcare solutions.
Safe Harbor Statement
Certain statements made in this release may contain language describing the plans, goals, strategies, intentions, forecasts and expectations of Millenia Hope that may be referred to as "forward-looking statements." Several important factors could cause actual results to differ materially from those in such forward-looking statements, and Millenia Hope could encounter unanticipated obstacles and delays in developing products, service offerings and markets.
For further information, please contact:
Mr. Hugo Valente
Tel: (514) 846-5757 or (514) 288-8822
Fax: (514) 935-9758
http://www.milleniahope.com
admin@milleniahope.com
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
SOURCE Millenia Hope Inc.
----------------------------------------------
Mr. Hugo Valente of Millenia Hope
+1-514-846-5757 or +1-514-288-8822
Fax: +1-514-935-9758
admin@milleniahope.com
~CIRT News...
CirTran Reports 123% Increase in Sales and 11% Net Profit in 10Q Filing
Aug 15, 2005 7:30:00 AM
Copyright Business Wire 2005
SALT LAKE CITY--(BUSINESS WIRE)--Aug. 15, 2005--
CirTran Corporation (OTCBB:CIRT), an international full-service contract manufacturer of IT, consumer and consumer electronics products, has reported its first profitable quarter and the fifth consecutive quarter of growth and record sales in its 10-Q filing with the SEC for the period ended June 30, 2005.
Iehab J. Hawatmeh, founder and president of CirTran, said continued growth in domestic and off-shore business helped the company achieve an 11% net profit of $466,229, its first profitable quarter since becoming a public company in 2000. The 10-Q, he said, reported an $828,193 improvement over the loss of $361,964 for the same period in 2004.
CirTran was also profitable for the six months ended June 30, reporting $264,501, an improvement of $1,210,087 over the loss of $945,586 for the same period a year ago.
CirTran also achieved record sales for the fifth straight quarter, reporting revenues of $4,309,184, an increase of 123% over the $1,924,242 for the same period a year ago. Net sales for the six months was also a company-best with $7,229,649 reported, an increase of 277% over $2,603,604 for the first half of 2004.
In addition, CirTran's total assets more than doubled to $9,513,156 from $4,293,429 for the same period in 2004, with Total Shareholder Equity growing dramatically to $2,151,136 from ($2,242033) a year ago.
"On or Ahead of Strategic Plan"
Mr. Hawatmeh said that CirTran was "on or ahead of our strategic plan. This is the most exciting period of growth in the company's history, with our core business in Salt Lake City continuing to grow, attracting more and bigger customers, while our CirTran-Asia subsidiary in China has emerged as a player in manufacturing goods for the consumers and the sold-on-TV marketplace."
Mr. Hawatmeh said CirTran's record first half of 2005 followed a strong quarter for the company and an "overall fiscal revival in 2004."
About CirTran Corporation
Founded in 1993, CirTran Corporation (OTCBB:CIRT)(www.CirTran.com) is a premier international full-service contract manufacturer of low to mid size volume contracts for printed circuit board assemblies, cables and harnesses to the most exacting specifications. Headquartered in Salt Lake City, CirTran's modern 40,000-square foot non-captive manufacturing facility -- the largest in the Intermountain Region -- provides "just-in-time" inventory management techniques designed to minimize an OEM's investment in component inventories, personnel and related facilities, while reducing costs and ensuring speedy time-to-market.
About CirTran-Asia
CirTran-Asia (www.CirTran-Asia.com) was formed in 2004 as a high-volume manufacturing arm and wholly-owned subsidiary of CirTran Corporation with its principal office in ShenZhen, China. CirTran-Asia operates in three primary business segments: high-volume electronics, fitness equipment and household products manufacturing, focusing on being a leading manufacturer for the multi-billion dollar Direct Response Industry, which sells through infomercials, print and internet advertisements.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
Source: CirTran Corporation
----------------------------------------------
CirTran Corporation
Iehab J. Hawatmeh
801-963-5112
iehab@cirtran.com
or
The Kaminer Group
David A. Kaminer
914-684-1934 (Press)
dkaminer@kamgrp.com
~CRGO .021 X .022 News...
Cargo Connection Logistics Announces the Formation of New Division - Independent Transport Group, LLC; Revolutionary New Concept Designed to Attract Independent Contractors and Increase Size and Scope of Company's Driver Fleet
Aug 15, 2005 8:00:00 AM
Copyright Business Wire 2005
INWOOD, N.Y.--(BUSINESS WIRE)--Aug. 15, 2005--
Cargo Connection Logistics Holding, Inc. (OTCBB:CRGO) today announced it has created a subsidiary to be named Independent Transport Group, LLC (ITG).
ITG has been formed to attract current independent contractors and other carriers to perform work on behalf of Cargo Connection Logistics Corp. and Mid-Coast Management, Inc. The division has been formed to create a program specifically designed to assist the Company in increasing the size and scope of its driver fleet.
"We believe the creation of ITG is an innovative approach to creating an affinity and long-term relationship with the independent contractors who have been treated as outsiders within our industry," said Jesse Dobrinsky, CEO of Cargo Connection Logistics Holding, Inc. "Our ability to attract and retain drivers is critical to our success. The formation of ITG allows independent drivers the advantages of becoming an integral part of our organization and will still afford them the flexibility and independence they are accustomed to having, while at the same time securing some of critical benefits of being part of the Cargo Connection family."
ITG will be headed up by a team of seasoned executives with more than 40 years of combined experience in the Professional Employer Organization industry, including Ivan Dobrin who has more than 20 years of experience in the field. This team will allow ITG to create a culture and benefit structure that encourages independent drivers (owner operators) to enroll in the program. This in turn will provide Cargo Connection with a supply of drivers and additionally gives these drivers a reason to maintain their relationship with one company in an environment where drivers are scarce.
"Currently there is no incentive for independent drivers to stay with one company," added Dobrinsky. "Hopefully, this new program will give them the incentive, reason and the desire to join our team, which in turn, could vastly expand our fleet."
Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and Mid-Coast Management Inc., which are both headquartered in Inwood, NY. The Companies also have offices in Atlanta, Charlotte, Chicago, Columbus, Miami, New York and Pittsburgh. The Companies provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. Currently the two companies have 82 full-time employees.
About Cargo Connection Logistics Corp. / Mid-Coast Management, Inc.
Cargo Connection Logistics Corp. is a leader in world trade logistics. Headquartered adjacent to JFK International Airport, the company is a transportation logistics provider for shipments importing into and exporting out of the United States, especially through the Gateways of Chicago, Illinois; JFK, New York; Miami, Florida and Atlanta, Georgia with service areas throughout the United States and North America. Mid-Coast Management operates container freight station operations specifically designed to handle internationally arriving freight for companies like Mast Industries, the major supplier to Limited Brands - one of the world's largest multi-brand specialty retailers as well as many other significant fashion brands. Since its inception, Mid-Coast Management, Inc. has developed relationships with many other retailers and works with Freight Forwarders from around the world.
Additional information about Cargo Connection can be obtained at its website http://www.cargocon.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.
Source: Cargo Connection Logistics Holding, Inc.
----------------------------------------------
For Cargo Connection Logistics Holding
Inc.
Inwood
Peter Nasca Associates
Inc.
Peter Nasca
305-937-1711
Email: pnasca@pnapr.com
~QOIL .50 X .51 News...
Quest Oil's Acadia North Wells 10-22 and 15-34 Hit Viking Gas Reservoir
Aug 15, 2005 6:00:00 AM
2005 PrimeZone Media Network
ARLINGTON, Texas, Aug. 15, 2005 (PRIMEZONE) -- Quest Oil Corporation (OTCBB:QOIL) is pleased to announce the successful drilling of Acadia North Prospect. Wells "10-22" and "15-34" were drilled through casing and into the Arneson Viking Gas pool. On August 8, 2005, using an endless tubing unit, wells "10-22" and "15-34" entered into the Viking zone and encountered commercial quantities of natural gas.
Arneson Well 10-22-25-2-W4M
"The well was open to flow, to a testing unit, on August 9 and flowed immediately at a stabilized rate of 0.3 MMCFPD and a flowing pressure of 900 psi. After flowing for 16 hours under these conditions, it was decided to test the well at higher rates. The well was opened up even more and after 7 hours flowed at a stabilized rate of 5 MMCFPD and a flowing pressure of 855 psi. The well was shut-in on August 10 to record a build up pressure. The bottom hole pressure gauges will be pulled in the middle of the week and it is expected that an AOF for this well will be available within four or five days," said Jim Deck; Production Manager, Transaction Oil and Gas Ventures Inc.
Quest Oil, President and CEO, Cameron King, states, "Well '10-22' establishes a benchmark well for Quest, the test data illustrates a sizeable well capable of producing at rates 10 times our anticipated flow of 0.5 MMCFPD. The Company is now waiting for all data to be retrieved and be interpreted to estimate gas reserve and life of the well."
Quest Oil, Project Advisor, Richard Johnson P.Eng. remarks, "The '10-22' well tested at rates of 5 million cubic feet per day (MMCFPD) at a high back pressure. This is a very strong well and should be held back to 1MMCFPD to 2 MMCFPD for engineering reasons until we fully understand the scope of this well and the zone. At current prices the well economic yield is $270,000 per month at 1MMCFPD and $540,000 when production is increased to 2MMcf/d. Well '10-22' by far is one of the best wells in the area."
Arneson Well 15-34-25-2-W4M
The well penetrated the Viking Sand on August 8 and is currently shut in due to lost equipment in the hole. Testing and data collection was suspended for well "15-34" due to a break in the endless tubing coil. At the time of drilling out of casing, the bottom-hole motor and bit were lost down hole. The Company has called in contractors to fish out the motor and continue with testing upon its removal. Prior to losing the motor, the well produced gas at measured rates exceeding 0.130 MMCFPD. "We did encounter high wellhead pressure measured during the drilling out process, this indicates the reservoir is not drained by production from offsetting wells and still contains significant gas reserves," said Richard Johnson, Project Engineer.
Quest Oil is considering implementing a 3D seismic program to fully understand the extent of the reserve throughout the Acadia valley. Based on the data received by the drill program, the reserve is significantly larger than expected and the Viking sand characteristics show sand thickening in areas. The company is also evaluating the economics of drilling two wells per section to drain the natural gas reserves to take advantage of the high commodity price.
ON BEHALF OF THE BOARD
Quest Oil Corporation.
To find out more about Quest Oil Corporation (OTCBB:QOIL), visit our website at www.questoil.com.
CONTACT: Quest Oil Corporation
Investor Information
Mr. Darren Hayes, Corporate Development
(866) 264-7668
~UGNE 1.93 X 1.94 FDA Approval News!...GM All!...
FDA Approves Fortical, Unigene's Nasal Calcitonin Product for Postmenopausal Osteoporosis; Unigene to Receive $4 Million Milestone Payment from Upsher-Smith
Aug 15, 2005 7:00:00 AM
Copyright Business Wire 2005
FAIRFIELD, N.J.--(BUSINESS WIRE)--Aug. 15, 2005--
Unigene Laboratories, Inc. (OTCBB:UGNE) has received approval from the U.S. Food and Drug Administration ("FDA") for Fortical(R) calcitonin-salmon (rDNA origin) Nasal Spray, its patented nasal calcitonin product for the treatment of postmenopausal osteoporosis. FDA approval triggers the final milestone payment of $4 million under Unigene's exclusive U.S. licensing agreement with Upsher-Smith Laboratories, Inc.
Fortical(R) will be manufactured at Unigene's production facility in Boonton, New Jersey. The final product will be packaged, marketed and sold in the United States by Upsher-Smith. Unigene will sell the filled product to Upsher-Smith and receive royalties on Upsher-Smith's sales.
"We are understandably excited to receive FDA approval for our first pharmaceutical product in the U.S.," commented Dr. Warren Levy, President and CEO of Unigene. "This is a pivotal accomplishment for any company in our industry and it will provide the rapidly growing population of postmenopausal osteoporosis sufferers with an additional option for managing the disease. We are confident that Upsher-Smith's enthusiasm and commitment to the product will give us the best opportunity to realize Fortical(R)'s potential. We expect that the revenues generated from sales of Fortical(R) will allow us to strengthen our financial position and expand our activities into new applications of our patented peptide manufacturing and oral delivery technologies."
"We are thrilled that the FDA has approved Unigene's Fortical(R) as an important therapy for the osteoporosis market, which in 2004 grew nearly 18% to reach $4 billion," said Mark Evenstad, Upsher-Smith President and Vice Chair. "We look forward to engaging our marketing and distribution expertise to help make this important calcitonin product available to the millions of Americans affected by osteoporosis."
Fortical(R) Indication
Fortical(R) is indicated for the treatment of postmenopausal osteoporosis in women greater than 5 years postmenopause with low bone mass relative to healthy premenopausal women.
Conference Call Details
Unigene will host a conference call on August 15, 2005 beginning at 2:00 P.M. EDT to discuss the FDA approval of Fortical(R).
Unigene invites all those interested in hearing management's discussion of the FDA approval of Fortical to join the call by dialing 1-888-802-2266 for participants in the United States and 1-913-312-1270 for international participants and entering access code 4204125 when prompted. A replay will be available for 45 days after the call and can be accessed by dialing 1-888-203-1112 for participants in the United States and 1-719-457-0820 for international participants and entering access code 4204125 when prompted.
About Unigene
Unigene Laboratories, Inc. is a biopharmaceutical company focusing on the oral and nasal delivery of large-market peptide drugs. Due to the size of the worldwide osteoporosis market, Unigene is targeting its initial efforts on developing calcitonin and PTH-based therapies. Unigene has licensed its oral PTH technology to GlaxoSmithKline. Unigene's patented oral delivery technology has successfully delivered, in preclinical and/or clinical trials, various peptides including calcitonin, PTH and insulin. Unigene's patented manufacturing technology is designed to cost-effectively produce peptides in quantities sufficient to support their worldwide commercialization as oral or nasal therapeutics. For more information about Unigene, call (973) 882-0860 or visit www.unigene.com.
About Upsher-Smith
Upsher-Smith Laboratories, Inc. is a fully integrated pharmaceutical company that manufactures and markets prescription pharmaceutical, OTC and cosmetic products. Upsher-Smith is also actively involved in licensing innovative compounds that are currently in clinical development. For more information about Upsher-Smith Laboratories, call (800) 654-2299 or visit www.upsher-smith.com.
Safe Harbor statements under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements regarding us and our business, financial condition, results of operations and prospects. Such forward-looking statements include those which express plans, anticipation, intent, contingency, goals, targets or future development and/or otherwise are not statements of historical fact. We have based these forward-looking statements on our current expectations and projections about future events and they are subject to risks and uncertainties known and unknown which could cause actual results and developments to differ materially from those expressed or implied in such statements. These forward-looking statements include statements about the following: general economic and business conditions, our financial condition, competition, our dependence on other companies to commercialize, manufacture and sell products using our technologies, the uncertainty of results of animal and human testing, the risk of product liability and liability for human trials, our dependence on patents and other proprietary rights, dependence on key management officials, the availability and cost of capital, the availability of qualified personnel, changes in, or the failure to comply with, governmental regulations, the failure to obtain regulatory approvals for our products and other risk factors discussed in our Securities and Exchange Commission filings.. Words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "potential," "continue," and variations of these words (or negatives of these words) or similar expressions, are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various risk factors.
Source: Unigene Laboratories, Inc.
----------------------------------------------
The Investor Relations Group
Investors:
Damian McIntosh or Dian Griesel
Ph.D.
Media: Janet Vasquez
212-825-3210
or
Upsher-Smith Laboratories
Inc.
Phill Dritsas
763-315-2169
Have a great weekend all!! ~Rig
glassy, I said that twice already, one last time .lol.~Rig