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In WOC at 5.07 EOM
Wilshire Confirms Approach by Parties Interested in Acquiring Real Estate Business and Entire Company
/FROM PR NEWSWIRE NEW YORK 800-776-8090/
TO BUSINESS, ENERGY AND REAL ESTATE EDITORS:
Wilshire Confirms Approach by Parties Interested in Acquiring Real Estate
Business and Entire Company
JERSEY CITY, N.J., Sept. 4 /PRNewswire-FirstCall/ -- Wilshire Enterprises,
Inc. ("Wilshire" or the "Company") (Amex: WOC) announced today that several
parties have approached the Company's investment banker, Deloitte & Touche
Corporate Finance LLC ("D&TCF"), expressing a preliminary interest in
acquiring the Company. Wilshire is engaged in the ownership and management of
real estate properties and in the exploration and development of oil and gas.
Chairman and Chief Executive Officer Sherry Wilzig Izak commented: "As a
result of the strategic review process initiated by the Board of Directors in
2002, the Company continues to evaluate all alternatives to maximize
shareholder value. D&TCF has recommended to the Board that the Company enter
into discussions with qualified parties in regard to selling all of the
outstanding stock of the Company."
Ms. Izak continued by saying: "As previously announced, the Company has
been preparing to market its oil and gas business to prospective purchasers.
While the Company has not entered into discussions with any parties interested
in all or part of the Company, we currently plan on providing detailed
information regarding the Company to qualified potential buyers commencing
during the remainder of the third quarter and the fourth quarter of 2003.
While the Company will evaluate offers for both its businesses, it does not
intend to consider the sale of its real estate business without the concurrent
sale of its oil and gas business."
Ms. Izak continued: "Currently, we cannot assure our stockholders of any
actions or timing of potential actions including the sale of the entire
Company or the oil and gas business. Our focus remains on maximizing
shareholder value and we remain committed to exploring all possible
alternatives."
In order to provide the Company's shareholders with a greater
understanding of the Company's real estate investment portfolio, additional
information is being provided in this press release. As of August 31, 2003
the Company's real estate investments are located in five states including
Arizona, Texas, Florida, Georgia and New Jersey. This diversified portfolio
includes multifamily buildings with approximately 1,800 residential units,
commercial buildings, land leases and vacant land parcels. The following
chart provides summary information on the Company's real estate investments:
Wilshire Real Estate Investments as of August 31, 2003
Location Name of Investments Description Units Area
(Sq. Ft.)
Mesa, AZ Royal Mall Plaza Retail / Medical NA 66,000
Phoenix, AZ Biltmore Residential 378 191,000
Tempe, AZ Tempe Corporate Office NA 51,000
Tucson, AZ Sunrise Residential 340 292,000
Tucson, AZ Van Buren Residential 70 81,000
San Antonio, TX Wellington Residential 228 211,000
San Antonio, TX Summercreek Residential 180 142,000
Ft. Lauderdale,
FL Palm Terrace Residential 34 24,000
Pompono Beach,
FL Pebblewood Residential/Office 22 32,000
Tamarac, FL Tamarac Office NA 27,000
Riverdale, GA Twelve Oaks Residential 72 91,000
Jefferson, NJ Jefferson Gardens Residential 22 16,000
Jersey City, NJ Jersey City
Residential
Properties Residential 252 72,000
Jersey City, NJ Jersey City
Commercial Property Retail / Office NA 23,000
Long Branch, NJ Galsworthy Arms Residential 45 40,000
Perth Amboy, NJ Bertrand Ave Residential 22 12,000
Perth Amboy, NJ Amboy Towers Office NA 75,000
Rutherford, NJ Rutherford Bank Facility NA 2,000
Sussex, NJ Alpine Village Residential 132 102,000
West Orange, NJ The Wilshire
Grand Hotel Hotel 89 Rooms 59,000
Banquet Facility NA 50,000
South Brunswick,
NJ Schalk Station Land 36.8 acres
Sussex, NJ Alpine Village Land 17.5 acres
Montville, NJ -- Land 14.9 acres
Lake Hopatcong, NJ -- Land 2.0 acres
Jersey City, NJ Oakland-Washburn Land / Other 1.8 acres
West Orange, NJ -- Land 0.6 acre
Ms. Izak concluded: "We are pleased that The Wilshire Grand Hotel opened
its hotel facility in August 2003 and is in the process of completing the
construction of its banquet, conference center and spa facilities. As
previously disclosed, Wilshire entered into a 25-year triple net lease with a
well established company to operate this property."
Wilshire is an American Stock Exchange listed corporation engaged in the
ownership and management of real estate properties in Arizona, Florida,
Georgia, New Jersey and Texas and in the exploration and development of oil
and gas in the United States and Canada. Prior to June 30, 2003, the Company
was called the Wilshire Oil Company of Texas.
Forward-Looking Statements
The non-historical statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Although the Company believes that the underlying assumptions and
expectations reflected in such forward-looking statements are reasonable, it
can give no assurance that such expectations will prove to be correct. The
Company's business and prospects are subject to a number of risks which could
cause actual results to differ materially from those reflected in such
forward-looking statements, including uncertainties inherent in any attempt to
sell one or more portions of the Company at an acceptable price, volatility of
oil & gas prices, the need to develop and replace reserves, risks involved in
exploration and drilling, uncertainties about estimates of reserves,
environmental risks relating to the Company's oil & gas and real estate
properties, competition, the substantial capital expenditures required to fund
the Company's oil & gas and real estate operations, market and economic
changes in areas where the Company holds real estate properties, interest rate
fluctuations, government regulation, and the ability of the Company to
implement its business strategy. A discussion of these and other risks and
uncertainties are disclosed in the Company's 2002 Form 10-K filed with the
Securities and Exchange Commission.
Wilshire is being advised by Deloitte & Touche Corporate Finance, LLC.
For stockholder inquiries: please contact Philip Kupperman, President,
Wilshire Enterprises, Inc. at 201-420-2796
For transaction inquiries: please contact Daniel C. Pryor of Deloitte &
Touche Corporate Finance LLC at 212-436-6545.
SOURCE Wilshire Enterprises, Inc.
/CONTACT: Stockholders - Philip Kupperman, President, WilshireEnterprises,
Inc., +1-201-420-2796; or Transaction inquiries - Daniel C. Pryorof Deloitte &
Touche Corporate Finance LLC, +1-212-436-6545, for WilshireEnterprises, Inc./
Sep-04-2003 16:42 GMT
Symbols:
US;WOC
Source PRN PR Newswire
Categories:
NWI/FIN NWI/OIL NWI/RLT NWI/UTI NWR/NJ NWS/TNM MST/I/BNK MST/I/ELC
MST/I/OIL MST/I/REA MST/I/REM MST/R/US/NJ MST/S/MRG TGT/PRN
Wilshire Confirms Approach by Parties Interested in Acquiring Real Estate Business and Entire Company
USA Technologies Awarded Second Crucial Automotive Telematics Patent
/FROM PR NEWSWIRE NEW YORK 800-776-8090/
TO BUSINESS, TECHNOLOGY AND AUTO EDITORS:
USA Technologies Awarded Second Crucial Automotive Telematics Patent
Intellectual Property Licensing and Marketing Firm Signed to
Market Growing Portfolio of USA's IP Assets
MALVERN, Pa., Sept. 4 /PRNewswire-FirstCall/ -- USA Technologies, Inc.,
(OTC Bulletin Board: USTT) announced today that it was issued a second crucial
automotive telematics patent, and that it had signed Atlas Technology Partners
("Atlas"), a leading Pennsylvania Intellectual Property licensing and
marketing firm, to begin licensing its growing arsenal of intellectual
property.
"This latest patent secures our position in the automotive telematics
industry, and with approximately 100 patents pending, issued and acquired, we
believe we have reached a level of critical mass to begin a major marketing
push to heighten awareness of our patented intellectual capital," said George
R. Jensen, Chairman and CEO, USA Technologies. "Atlas will help us secure more
licensing agreements to accelerate the marketing of our growing intellectual
capital in a variety of key industries, including telematics, vending,
information technology, and energy management and conservation," he said.
The latest issuance from the US Patent and Trademark Office is for patent
number US6615186B1 for communicating interactive digital content between
vehicles and Internet based data processing resources for the purpose of
transacting e-commerce or conducting e-business. The patent includes accessing
auto part, warranty, and customer databases. Transactions can include vehicle
security and vehicle service management, and Internet based radio, audio and
video, as well as interactive advertising, promotional offers and other remote
data communications conducted in vehicles. The patent also covers remote
monitoring of vehicle performance, including engine control system programming
and setting adjustments, and monitoring and transmission of vehicle telemetry
and metric data.
"All are key features in automotive telematics, especially in today's
mobile environment, as more and more people use their automobiles as offices
and places of doing business," said Mr. Jensen. "Atlas will become the
licensing arm for USA Technologies to help us grow our business in the
telematics marketplace, as well as all the other key markets we have
targeted." Atlas will assign a team led by the company's Managing Director,
Peter Haabestad, to identify potential markets for USA Technology's IP assets,
evaluate market size and value, develop a list of potential licensing
candidates and prioritize candidates, develop licensing strategy and execute
agreements.
"Peter Haabestad has broad experience in patent licensing and technology
commercialization and has successfully developed and commercialized several
unique technologies in the medical and pharmaceutical industries," said Mr.
Jensen. "We could not have asked for a more experienced or successful
executive to head up our IP licensing business."
"USA Technologies' IP assets are at the leading edge in a variety of
established and emerging markets -- such as networking of distributed assets,
wireless and cash-less technology, automotive telematics and energy management
-- and we see enormous potential for business growth and expansion," said
Peter Haabestad, Managing Director, Atlas Technology Partners. "We believe USA
Technologies with its rapidly growing portfolio of intellectual capital will
quickly establish itself as a force in a variety of lucrative industries, and
in the weeks and months ahead will expand its business into even more
marketplace opportunities. We are delighted to be a business partner, sharing
in USA Technologies' success."
USA Technologies' telematics patents are attracting the attention of the
global automotive industry and USA Technologies executives have acknowledged
they are in discussions with key businesses supplying the automotive industry.
Talks are centering on licensing agreements, marketing partnerships and joint
business relationships.
"Our goal in the telematics industry is to change the way motorists spend
their time while driving. We believe in the future, vehicles will be able to
provide the same services as an office equipped with a desktop compute and
other technology, or a store. Vehicles will not be viewed as just vehicles
for transportation, but centers of business, competence and entertainment,
similar to an office or living room," said Mr. Jensen.
With 80 million cars on the road and rapid growth of telematics forecast
worldwide, USA Technologies has identified telematics as an emerging market
and a perfect fit for the company products and services. The Telematics
industry is forecasting that by 2007, 42% (7.6 million) of all autos shipped
in the US (18 million) will come equipped with some form of Telematics
capability.
About USA Technologies:
USA Technologies is a leader in the networking of distributed assets,
wireless non-cash and m-commerce transactions, associated financial/network
services and interactive media technology and energy management. USA
Technologies provides networked credit card and other non-cash/mobile commerce
systems in the vending, commercial laundry, hospitality and digital imaging
industries. USA Technologies is an IBM Business Partner and an inaugural
member of the Sprint Enabling Application Service Provider Program for e-
commerce. The Company has marketing agreements with the IBM Corporation and
MEI and the ZiLOG Corporation. http://www.usatech.com
About Atlas Technology Partners:
Atlas Technology Partners is a leading-edge Intellectual Property (IP)
licensing and business development firm based in Berwyn, PA. Atlas Technology
Partners provides IP licensing solutions to multinational corporations,
emerging companies and research centers seeking to fully capitalize on the
value of their IP assets. Atlas Technology Partners' management and staff
combine unique industry skills and experience, licensing expertise and
disciplined approaches to generate new revenue streams from underleveraged IP
portfolios. http://atlastechpartners.com
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this release,
the matters described herein contain forward-looking statements that involve
risk and uncertainties that may individually or mutually impact the matters
herein described, including but not limited to product acceptance, the ability
to increase revenues, the ability to achieve profitability, the ability to
obtain orders for its products, the ability to obtain new customers, the
ability to meet installation goals, economic, competitive, governmental
impacts, whether its pending patents will be granted or defendable; validity
of intellectual property and patents of USA, the ability of USA to license its
patents, the ability of USA to commercialize its developmental products,
technological and/or other factors, which could cause actual results or
revenues to differ materially from those contemplated by these statements.
USA Technologies Contact: Investor Relations Contact:
George R. Jensen, Jr., Chairman & CEO Ken Sgro
Steve Herbert, President & COO CEOcast, Inc.
Phone: (800) 633-0340 Phone: (212) 732-4300
e-mail: sherbert@usatech.com kensgro@ceocast.com
SOURCE USA Technologies, Inc.
/CONTACT: George R. Jensen, Jr., Chairman & CEO, or Steve Herbert,President &
COO, sherbert@usatech.com, 1-800-633-0340, both of USATechnologies; Investor
Relations, Ken Sgro, CEOcast, Inc., +1-212-732-4300,kensgro@ceocast.com, for USA
Technologies, Inc./
/Web site: http://atlastechpartners.com" target="_new">http://www.usatech.comhttp://atlastechpartners.com /
Sep-04-2003 15:51 GMT
Symbols:
US;USTT
Source PRN PR Newswire
Categories:
NWI/AUT NWI/CPR NWI/ECM NWI/FIN NWI/OTC NWR/PA MST/I/AUT MST/I/BNK
MST/I/CPM MST/I/MKT MST/I/NET MST/R/US/PA TGT/PRN
WTEQ bid uptick again, .12 X .13 EOM
Check out level 2 on WTEQ! 3 MMs at .11, ask .13.
http://ragingbull.lycos.com/mboard/boards.cgi?board=WTEQ&read=83
Check out level 2 on WTEQ! 3 MMs at .11, ask .13.
http://ragingbull.lycos.com/mboard/boards.cgi?board=WTEQ&read=83
WTEQ - NITE up'd to .11, level 2 lookin' good EOM
WTEQ for September!!
- unprofitable business segments - sold off - ALMOST PROFITABLE last Q
- MAJOR PRODUCT LAUNCH in September ( http://www.monecard.com/ )
- very bullish CEO letter mentioning NO COMPETITON ( http://www.worldteqgroup.com/ )
- CEO forecasts POSITIVE EARNINGS - EPS and PE could be crazy with the low float!
- expect MAJOR PRODUCT LAUNCH news in September and other major news (see below)
- tiny float and market cap
OS: 21.6 mil
Float: 14.1 mil
"The company expects 2003 to be profitable and cash flow positive as the customer base has now reached a greater than break-even point in recurring monthly cash inflows. The customer base continues to grow each month."
http://bigcharts.marketwatch.com/news/articles.asp?guid={1E2E08C0-56C5-4FFE-89FE-512130979761}&n....
MORE NEWS COMING:
"Jeff Lieberman, Chairman & CEO of WorldTeq, stated, "I am very pleased with the potential growth of this segment of our business. We have been told that the embassy in Germany will be utilizing our Toll Free Visa Processing Center beginning in late June. Their forecast for usage is expected to be in excess of 5 Million Minutes over the next 12 months. This is very profitable business for us and we expect to be expanding to new countries over the next several months." Lieberman continued, "This type of service has tremendous potential, is far more stable and very profitable. We are negotiating with an International Call Center now that we expect will triple this type of business for us over the coming year." "
http://biz.yahoo.com/iw/030529/054173.html
More news about another product launch in the U.K. (product launch by Nov 1):
http://biz.yahoo.com/bw/030829/295140_1.html
Being a penny stock, it's a high-risk play. Do your DD.
WTEQ for September!!
- unprofitable business segments - sold off - ALMOST PROFITABLE last Q
- MAJOR PRODUCT LAUNCH in September ( http://www.monecard.com/ )
- very bullish CEO letter mentioning NO COMPETITON ( http://www.worldteqgroup.com/ )
- CEO forecasts POSITIVE EARNINGS - EPS and PE could be crazy with the low float!
- expect MAJOR PRODUCT LAUNCH news in September and other major news (see below)
- tiny float and market cap
OS: 21.6 mil
Float: 14.1 mil
"The company expects 2003 to be profitable and cash flow positive as the customer base has now reached a greater than break-even point in recurring monthly cash inflows. The customer base continues to grow each month."
http://bigcharts.marketwatch.com/news/articles.asp?guid={1E2E08C0-56C5-4FFE-89FE-512130979761}&n....
MORE NEWS COMING:
"Jeff Lieberman, Chairman & CEO of WorldTeq, stated, "I am very pleased with the potential growth of this segment of our business. We have been told that the embassy in Germany will be utilizing our Toll Free Visa Processing Center beginning in late June. Their forecast for usage is expected to be in excess of 5 Million Minutes over the next 12 months. This is very profitable business for us and we expect to be expanding to new countries over the next several months." Lieberman continued, "This type of service has tremendous potential, is far more stable and very profitable. We are negotiating with an International Call Center now that we expect will triple this type of business for us over the coming year." "
http://biz.yahoo.com/iw/030529/054173.html
More news about another product launch in the U.K. (product launch by Nov 1):
http://biz.yahoo.com/bw/030829/295140_1.html
Being a penny stock, it's a high-risk play. Do your DD.
Macrovision Signs DVD Copy Protection Agreement with Artisan Home Entertainment
Entertainment Editors/Business Editors
SANTA CLARA, Calif.--(BUSINESS WIRE)--Sept. 3, 2003--Macrovision
Corporation (Nasdaq:MVSN) announced today that Artisan Home
Entertainment Inc. has signed a multi-year agreement renewal to use
Macrovision's technology to copy protect 100% of its DVD releases.
Artisan is a leading independent producer and distributor of DVD home
entertainment with new titles such as the action sports themed movie
"Keep Your Eyes Open," which was released this August, as well as a
library containing over 7,000 titles ranging from Academy Award(R)
winning classics such as "The Last Emperor" to action adventure
blockbusters such as "T2," "Reservoir Dogs" and the "Rambo" series and
cult favorites such as "The Blair Witch Project." Artisan also manages
a broad distribution system that delivers home video product directly
to over 12,000 retail stores in the United States.
"We strongly believe in protecting the long-term value of our DVD
product," said Steve Beeks, president of Artisan Home Entertainment.
"We understand that consumers have the means and the desire to copy
videos, and we are pleased to have access to Macrovision's technology
to prevent the majority of that casual copying by VCRs, as well as the
new DVD-R and PVR devices."
"Artisan is a strong proponent of intellectual property protection
and they are continuing their commitment to content protection. Video
retailers, hardware companies and legislators oftentimes question the
resolve of content owners to protect their intellectual property.
Artisan is sending a very clear message that they value their content
and are using the best available technology to protect it," said Carol
Flaherty, Macrovision's senior vice president. "Macrovision's
technology blocks DVD-to-DVD-R copying, which should help Artisan and
its retail partners generate the maximum amount of home video revenue
possible."
Macrovision's technology was originally designed to help prevent
unauthorized copying of VHS, DVD and Pay-Per-View programming to VCRs
without impacting the quality of the original playback. An added
feature of Macrovision's DVD copy protection technology also helps to
prevent DVD-to-DVD copying. The majority of recently introduced DVD
recorders, personal video recorders (hard drive recorders), and home
media center PCs recognize Macrovision's proprietary technology and
disable recording of copy protected content.
About Artisan
Artisan Entertainment Inc. is the leading independent producer and
distributor of theatrical, television and home entertainment product.
The Company coordinates its business activities through two wholly
owned operating divisions, Artisan Pictures and Artisan Home
Entertainment.
The Artisan Home Entertainment division has an extensive library
of over 7,000 titles which includes its own properties, as well as a
wide spectrum of films from Academy Award(R) winning classics to
blockbusters and cult favorites. Artisan's Family Home Entertainment
unit, FHE, distributes video and DVD products for such brands as
Mattel's Barbie, Discovery Networks, Hallmark Home Entertainment, The
Hallmark Hall of Fame and Scholastic's Clifford the Big Red Dog.
About Macrovision
Macrovision develops and markets digital rights management
("DRM"), copy protection, and electronic license management
technologies for the video, music and software industries. For the
past 15 years, Macrovision has been the trusted partner in copy
protection and rights management for the entertainment industry.
Macrovision has worked with the leading content owners and consumer
electronic companies worldwide to develop and deploy technologies that
serve the interests of both the rights holders and consumers,
delivering solutions which provide an optimum balance between
effectiveness and playability. Macrovision's copy protection and
rights management technologies have been utilized on over 6 billion
DVDs and VHS cassettes, over 120 million music CDs and 200 million
CD-ROMs.
Macrovision has its corporate headquarters in Santa Clara, Calif.,
with international offices in London, Frankfurt, Tel Aviv, Tokyo, Hong
Kong, Taipei and Seoul. For more information, please visit
www.macrovision.com.
--30--NJ/sf*
CONTACT: Macrovision Corporation
Miao Chuang, 408-562-8451
mchuang@macrovision.com
or
Artisan Entertainment
Dennis Dembia, 310-255-3854
ddembia@artisanent.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: MOTION PICTURES ENTERTAINMENT ELECTRONIC
GAMES/MULTIMEDIA MARKETING AGREEMENTS
SOURCE: Macrovision Corporation
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
Sep-03-2003 16:02 GMT
Symbols:
US;MVSN
Source BW Business Wire
Categories:
MST/I/CSE MST/I/ENT MST/I/MOV MST/I/SYS MST/R/US/CA MST/S/PDT TGT/BWN
The stock is "down" $1.50 on news of a $1.50 dividend and you can't follow my logic?
With all due respect....please read the press releases. It's not a dead cat bounce. It's not even down. Stocks down by less than their dividend payout are considered "green"
Yahoo and E-trade even list them as green:
http://finance.yahoo.com/q?s=netp
vlispxert, did you not see the news?
Net Perceptions Announces $1.50 Per Share Cash Distribution and Further Headcount Reduction
Aug. 6, 2003--Net Perceptions, Inc. (Nasdaq:NETP) today announced that its board of directors has unanimously approved a cash distribution to its stockholders in the amount of $1.50 per share, payable on September 2, 2003 to stockholders of record as of August 18, 2003. Pursuant to Nasdaq rules, because this amount is 25 percent or greater of the current per share market value of the Company's common stock, the ex-dividend date will be September 3, 2003, the first business day following the payment date. Accordingly, any share traded after the record date of August 18, 2003 and before the ex-dividend date of September 3, 2003 should be accompanied by a due-bill in accordance with Nasdaq rules. As the Company does not have, and does not anticipate having, current or accumulated "earnings and profits," the Company expects that the cash distribution will not be taxable as a dividend for federal income tax purposes and will constitute a tax-free return of capital to the extent of a stockholder's basis in his Company stock (on a per share basis), with any excess generally being treated as capital gain.
Although no decision has been made regarding a future dissolution and liquidation, the Company is considering this as a possible course of action, while also seeking to settle or otherwise resolve, as soon and to the extent reasonably practicable, its existing obligations and liabilities, and continuing to explore asset dispositions and any other third party proposals which may be presented, with a view to resolving the Company's future and providing maximum additional value to stockholders as soon as possible.
The Company also announced a reduction in its workforce of twelve positions, leaving the Company with ten full time employees, including certain senior management and administrative employees and, in an effort to preserve the value of the Company's technology and products, certain key engineers familiar with these assets. As part of the personnel reduction, Donald Peterson, the Company's President and Chief Executive Officer, will be leaving the Company and will receive certain severance benefits under his previously disclosed employment contract. Mr. Peterson will also resign as a director. Thomas Donnelly, the Company's Chief Operating Officer and Chief Financial Officer, will become President and will continue as Chief Financial Officer.
About Net Perceptions
Net Perceptions (Nasdaq:NETP) is a software and services company that provides solutions for intelligent customer interaction that drive demand, grow revenue and increase profitability. Founded in 1996, Net Perceptions is headquartered in Minneapolis, Minnesota. Customers include market leaders such as 3M, Brylane, Great Universal Stores, J.C. Penney, J&L Industrial Supply and Half.com. For more information visit http://www.netperceptions.com.
Net Perceptions and the Net Perceptions logo are registered trademarks of Net Perceptions, Inc. All other trademarks are the property of their respective owners. This press release contains "forward-looking statements" within the meaning of the federal securities laws, including statements concerning business strategies and their intended results, and similar statements concerning anticipated future events and expectations that are not historical facts. Such statements are subject to numerous risks and uncertainties, which could cause actual events to differ materially from those expressed in or implied by the statements herein. Additional information concerning potential factors that could cause or contribute to such differences are set forth the Company's filings with the U.S. Securities and Exchange Commission, including but not limited to the risks factors discussed in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2003.
CONTACT:
Net Perceptions, Inc., Minneapolis
Tom Donnelly, 952-842-5400
tdonnelly@netperceptions.com
SOURCE: Net Perceptions, Inc.
Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com
08/06/2003 09:01 EASTERN
WTEQ for September!!!
New business plan, new direction, old high-revenue, low-margin business sold off (reason for decline in revenues), almost profitable (net loss $33k) last quarter with new business plan and focus on high-margin, high-growth business segments. New major product launch in September. Hoping to hear a lot of good news in September. Stock has been slowly moving up.
OS: 21.6 million shares.
Float: 14.1 million shares
Website for their product being launched in Sept:
http://www.monecard.com/
CEO's comments on MonEcard:
http://bigcharts.marketwatch.com/news/articles.asp?guid={25C531E6-1702-44A4-949B-C9E41AFF226A}&n...
July 2003 letter to shareholders showing:
-limited debt
-sector for prepaid toll free program for small businesses has NO competition
-forecasts net profits going forward
-forecasts realization of true shareholder value near term
http://www.worldteqgroup.com/
"The company expects 2003 to be profitable and cash flow positive as the customer base has now reached a greater than break-even point in recurring monthly cash inflows. The customer base continues to grow each month."
http://bigcharts.marketwatch.com/news/articles.asp?guid={1E2E08C0-56C5-4FFE-89FE-512130979761}&n...
"Jeff Lieberman, Chairman & CEO of WorldTeq, stated, "I am very pleased with the potential growth of this segment of our business. We have been told that the embassy in Germany will be utilizing our Toll Free Visa Processing Center beginning in late June. Their forecast for usage is expected to be in excess of 5 Million Minutes over the next 12 months. This is very profitable business for us and we expect to be expanding to new countries over the next several months." Lieberman continued, "This type of service has tremendous potential, is far more stable and very profitable. We are negotiating with an International Call Center now that we expect will triple this type of business for us over the coming year." "
http://bigcharts.marketwatch.com/news/articles.asp?guid={8B4A6548-2C48-4D2D-A17B-CBCEAF5CE2DC}&n...
Being a penny stock, it's a high-risk play. Do your DD.
NETP dropped $1.50 because it paid a $1.50 dividend.
No dead cat bounce. It's not even "down" In fact, it's actually UP 4 cents.
Raw
Good - let's all kiss and make ....not make up, make some money.
Raw
Screw it, out AKLM at .54 EOM
In AKLM for a scalp at .52 EOM
Acclaim Entertainment (Spain) SA and Sega Europe Reach Product Distribution Agreement
/FROM PR NEWSWIRE NEW YORK 800-776-8090/
TO BUSINESS AND TECHNOLOGY EDITORS:
Acclaim Entertainment (Spain) SA and Sega Europe Reach Product Distribution
Agreement
Company to Distribute All Forthcoming Titles From SEGA Europe's Portfolio In
Spain
GLEN COVE, N.Y., Sept. 3 /PRNewswire-FirstCall/ -- Further expanding the
strength and breadth of its international product distribution network,
Acclaim Entertainment (Spain) S.A., a wholly owned subsidiary of Acclaim
Entertainment, Inc. (Nasdaq: AKLM), today announced that it has reached a
distribution agreement with SEGA(R) Europe Ltd. for all of SEGA Europe's
forthcoming computer and video game products in Spain.
The distribution agreement covers a triple-A product lineup with titles
for the PlayStation(R)2 computer entertainment system, Xbox(TM) video game
system from Microsoft and Nintendo GameCube(TM). This extensive portfolio,
which spans a diverse range of exciting genres, includes current hits such as
Virtua Fighter(TM) 4 EVOLUTION for the PlayStation(R)2 computer entertainment
system and Sonic Adventure(TM) DX Director's Cut for the Nintendo
GameCube(TM). Forthcoming titles in this agreement also include Otogi(TM) for
Xbox(TM), King of Route 66(TM) for the PlayStation(R)2 computer entertainment
system, Sonic Heroes(TM) and Worms(TM) 3D for all next-generation consoles and
PC.
"Having always enjoyed a great working relationship with SEGA, we are
thrilled to have entered into this agreement and relish the opportunity to
partner with them again," said Rod Cousens Chief Executive Officer for
Acclaim. "SEGA's portfolio enhances our growth in Spain with very strong
current titles such as Sonic Adventure DX Director's Cut and Virtua Fighter 4
EVOLUTION, as well as forthcoming products like Worms 3D and Sonic Heroes.
There is already a significant demand for these titles, and there are others
for this year and next year which will continue to strengthen our
distribution, whilst ensuring that SEGA Europe is able to maximize the equity
of their global brands in this territory."
"Acclaim has distributed titles for us in the past with great success,"
added Mike Sherlock, Executive Vice President for Sales and Marketing, SEGA
Europe Ltd. "They are now an important partner for us in Spain, chosen not
just on past achievements but with an overwhelming confidence in the strength
of their current sales and marketing team in the territory. We are delighted
to be working with them once again."
Editor's Notes
For further information on SEGA Europe's product lineup please visit
www.sega-europe.com. For further information Acclaim's product lineup please
visit www.acclaim.com.
About SEGA(R)
SEGA Europe Ltd. is the European Publishing arm of Tokyo, Japan-based SEGA
Corporation, a worldwide leader in interactive entertainment both inside and
outside the home. The Company develops, publishes and distributes interactive
entertainment software products for a variety of hardware platforms including
PC, wireless devices, and those manufactured by Nintendo, Microsoft and Sony
Computer Entertainment Europe. SEGA Europe's web site is located at
www.sega-europe.com.
About Acclaim Entertainment
Based in Glen Cove, N.Y., Acclaim Entertainment, Inc., is a worldwide
developer, publisher and mass marketer of software for use with interactive
entertainment game consoles including those manufactured by Nintendo, Sony
Computer Entertainment and Microsoft Corporation as well as personal computer
hardware systems. Acclaim owns and operates five studios located in the
United States and the United Kingdom, and publishes and distributes its
software through its subsidiaries in North America, the United Kingdom,
Australia, Germany, France and Spain. The Company uses regional distributors
worldwide. Acclaim also distributes entertainment software for other
publishers worldwide, publishes software gaming strategy guides and issues
"special edition" comic magazines periodically. Acclaim's corporate
headquarters are in Glen Cove, New York and Acclaim's common stock is publicly
traded on Nasdaq.SC under the symbol AKLM. For more information please visit
our website at www.acclaim.com.
"PlayStation" and the "PS" Family logo are registered trademarks of Sony
Computer Entertainment Inc.
Nintendo GameCube and the Nintendo GameCube logo are trademarks of
Nintendo.
Xbox is a trademark of Microsoft Corporation in the United States and/or
other countries.
The statements contained in this release which are not historical facts
are "forward-looking statements." Acclaim cautions readers of this press
release that a number of important factors could cause Acclaim's actual future
results to differ materially from those expressed in any such forward-looking
statements. These important factors, including, without limitation, the
financial strength of the interactive entertainment industry, dependence on
new product introductions and the ability to maintain the scheduling of such
introductions, technological changes, dependence on major platform
manufacturers and other factors that could affect Acclaim, are described in
Acclaim's Annual Report on Form 10-K for the fiscal year ended March 31, 2003,
and Acclaim's subsequent Quarterly Reports on Form 10-Q, all of which were
filed with the United States Securities and Exchange Commission. Readers of
this press release are referred to such filings.
Contact:
Alan B. Lewis
Acclaim Entertainment, Inc.
(516) 656-5000
alewis@acclaim.com
Jorge Nicolas Vazquez
Acclaim Entertainment (Spain) SA
+34-91-79-94-100
jvazquez@acclaimworld.com
Asam Ahmad
SEGA Europe Ltd.
+44-208-996-4658
asam@soe.sega.co.uk
SOURCE Acclaim Entertainment, Inc.
/CONTACT: Alan B. Lewis of Acclaim Entertainment, Inc.
+1-516-656-5000,alewis@acclaim.com, or Jorge Nicolas Vazquez of Acclaim
Entertainment (Spain)SA, +34-91-79-94-100, jvazquez@acclaimworld.com; or Asam
Ahmad of SEGA EuropeLtd., +44-208-996-4658, asam@soe.sega.co.uk/
/Web site: http://www.sega-europe.com" target="_new">http://www.acclaim.comhttp://www.sega-europe.com /(Spain) SA
Sep-03-2003 14:26 GMT
Symbols:
DE;ACL DE;ACLF DE;ACLS DE;ACLX US;AKLM US;S
Source PRN PR Newswire
Categories:
NWI/CPR NWI/CSE NWI/ENT NWI/MLM NWR/NY NWS/LIC MST/I/CPM MST/I/CSE
MST/I/ENT MST/I/HES MST/I/NET MST/I/RTB MST/R/US/NY MST/S/CTR TGT/PRN
Cool, WTEQ should have some nice news in September with launch of their MonEcard. They're almost break-even already and forecasts some nice profits with a small float.
This one could pull an UNVC IMO.
Raw
WTEQ for September!!
New business plan, new direction, old high-revenue, low-margin business sold off (reason for decline in revenues), almost profitable (net loss $33k) last quarter with new business plan and focus on high-margin, high-growth business segments. New major product launch in September. Hoping to hear a lot of good news in September. Stock has been slowly moving up.
OS: 21.6 million shares.
Float: 14.1 million shares
Website for their product being launched in Sept:
http://www.monecard.com/
CEO's comments on MonEcard:
http://bigcharts.marketwatch.com/news/articles.asp?guid={25C531E6-1702-44A4-949B-C9E41AFF226A}&n...
July 2003 letter to shareholders showing:
-limited debt
-sector for prepaid toll free program for small businesses has NO competition
-forecasts net profits going forward
-forecasts realization of true shareholder value near term
http://www.worldteqgroup.com/
"The company expects 2003 to be profitable and cash flow positive as the customer base has now reached a greater than break-even point in recurring monthly cash inflows. The customer base continues to grow each month."
http://bigcharts.marketwatch.com/news/articles.asp?guid={1E2E08C0-56C5-4FFE-89FE-512130979761}&n...
"Jeff Lieberman, Chairman & CEO of WorldTeq, stated, "I am very pleased with the potential growth of this segment of our business. We have been told that the embassy in Germany will be utilizing our Toll Free Visa Processing Center beginning in late June. Their forecast for usage is expected to be in excess of 5 Million Minutes over the next 12 months. This is very profitable business for us and we expect to be expanding to new countries over the next several months." Lieberman continued, "This type of service has tremendous potential, is far more stable and very profitable. We are negotiating with an International Call Center now that we expect will triple this type of business for us over the coming year." "
http://bigcharts.marketwatch.com/news/articles.asp?guid={8B4A6548-2C48-4D2D-A17B-CBCEAF5CE2DC}&n...
Being a penny stock, it's a high-risk play. Do your DD.
NEOM level 2 looking good EOM
Tony,
Go for longer term plays until you are back on your feet especially if you work full time and are away from the markets a lot. Some of these quick pennies move too fast and even some of us full time traders with our faces glued to the screen step aside for 10 lethal minutes.
My choices with limitted downside, IMO: ABRX (next to no risk), VNCO (high risk, but been beaten down, high hopes), HDWR (next to no risk), XMSR (medium potential, short term risk is high, but long term at this level is next to none imo), BKYI (50% downside shorter term, but this level is an easy steal for a 6 month timeframe).
Good rule of thumb....if you are looking to make up lost ground, don't buy anything that you have to "buy quickly." Buy something that isn't moving much and hasn't moved much and you have plenty of time to carefully DD. APOA, etc. already made a big move and seemed like a "must get in now" stock. That's for us full time traders who are prepared to take losses quickly on sudden news and volatility or take profits quickly on sudden spikes. Build yourself back up, at the very least, before you dive into these crazy plays.
Also, I'm still DDing it, but PRCP looks great! Will have a report on that eventually after I DD it. I have no position in PRCP at this time.
Raw
OT: BRIG, as a friend and a poster who respects you....
Please don't ever put that corny ass pic and sound in ANY of your posts.
Might as well put some G.I. Joe's in there too, or, at the same right, Strawberry Shortcake.
Hope everyone is having a great weekend,
Raw :)
peace! What's up, bro?
Was going to e-mail you as you were asking for a board to post on that was non-RB. Glad you found it!
Great group here and very in control of keeping it clean. Do your own DD of course, but if you scroll back in its history and check out the picks, the DD, and what they did later on the charts, I think you'll be impressed - especially by Buzz, BRIG, monk, elvis, ME ( :) ) and a host of others here.
Welcome to the board! Look forward to your DD as well as I always appreciated your posts - especially that ones that stroked my ego! hehe
Good luck,
Raw
NEOM @ .016 - undiscovered oil play stock has crashed recently, looks like a clear bottom with level 2 looking good.
Might make a hard bounce IMO. Check it out.
Raw
Cool, look forward to it, Timing - I'm in NEOM on your lead and level 2 is improving. Could end up being a fantastic bottom play bounce.
Raw
Timing/NEOM - I picked up a few shares yesterday for sport, thanks. Level 2 and chart looks good IMO.
Raw
BRIG/NEOM, was wondering that myself.
They are in the process of acquiring an oil company according to the news and keep reporting the oil sales of the company they are acquiring. I guess Timing is right that it is still an oil play:
http://finance.yahoo.com/q?s=NEOM.OB
One thing interesting is the one director who has been buying the shit out of the stock:
http://biz.yahoo.com/t/n/neom.ob.html
I may grab some. Level 2 and the chart looks poised for a hard bounce.
Raw
UVIH is insurance, not loans.
Company only forecasts more growth from here.
UVIH
POS, spread is obnoxious, no liquidity....but??? but???
PE is around 1-2 trailing. Profitable last quarter. There are worse stocks out there. I have a handful of shares at .04 and looks like I'm holding them for a bit.
Raw