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Update (news)
Power Air Corp Update to Shareholders
PR Newswire 8:01 am September 22, 2006
Power Air Corporation (OTC Bulletin Board: PWAC) CEO, Remy Kozak, recently reviewed the company's first year accomplishments and developments at the Equities Magazine Transatlantic Conferences in New York and London.
Mr. Kozak stated, "As we approach the one year anniversary of becoming a public company, it is important to take stock of what has been accomplished and what remains ahead of us." Mr. Kozak noted that in the last 12 months the company has reached critical milestones, most notable of which are the following:
* Power Air entered into a collaboration agreement with Schrader Bridgeport International, a division of Tompkins plc, a world-class global engineering and manufacturing group. Under the terms of the Agreement, Power Air and Schrader will collaborate on the specifications, design, alpha and beta prototype build and test, field trial program, co-branding, and commercial launch of a cost-effective, refuelable backup generator that can operate indoors, safely, silently, efficiently, and emissions-free, with extended run capability. The generator will utilize PAC's Zinc Air Fuel Cell as the power supply.
Schrader's strong affiliation with the many Automotive and Industrial aftermarket companies like NAPA, Pep Boys, Advance Auto, Home Depot, Lowes, and Sears, will be very important when the final product is approved and ready to launch.
* Power Air took steps to broaden its geographical reach and product plans into the lucrative Asian markets, by signing a Memorandum of Understanding with H-Plus Group to establish a Korean-based joint venture company. Initial applications proposed to be developed and commercialized by the Joint Venture include Telecom and UPS back up power systems. All systems will utilize PAC's Zinc Air Fuel Cell as the power supply.
* Power Air has engaged a team of experienced fuel-cell executives and technical staff from companies such as Ballard Power Systems Inc., to commercialize the core technology originally developed at and now transferred from Lawrence Livermore National Laboratories (LLNL).
* Power Air is a founding member of the Zinc Energy Storage Technology Consortium (ZESTec). ZESTec includes many of the World's leading Zinc producers and suppliers and has a mandate to address the supply and recycling of Zinc to end users.
* Power Air established a Canadian subsidiary and a development and demonstration lab at the National Research Council's Institute for Fuel Cell Innovation (NRC-IFCI) in Canada, a new $20 million fuel cell development facility located in Canada. The subsidiary will be eligible for substantial government assistance going forward.
* Power Air has completed two rounds of private equity financing, raising over $4 million in new capital from sophisticated investors who realize the commercial potential of its exclusive Zinc Air Fuel Cell (ZAFC) technology. "Through 2007, management will build on these early accomplishments", added Kozak. "Marketing and partnering activities are on track and we look forward to moving our core products through the various stages of development and testing and into pilot production."
About Power Air Corporation
Power Air Corporation, with head office in Livermore, California, is engaged in the business of developing, manufacturing and marketing fuel cell based commercial products. Power Air has the exclusive worldwide license to zinc-air fuel cell technology that has been developed at the Department of Energy's Lawrence Livermore National Laboratory, in Livermore, California, for all fields of use (portable, stationary, light mobility and transportation applications) and commercialization.
About Schrader Bridgeport International
Schrader Bridgeport International is a wholly owned subsidiary of Tomkins plc (NYSE: TKS, LSE: TOMK), serving the major players within the Industrial and Automotive markets based around the world. Tomkins plc is a world-class global engineering and manufacturing group with market and technical leadership across its two business groups: Industrial & Automotive and Building Products. Tomkins plc has 132 manufacturing facilities around the world with sales of $5.9 billion dollars in 2005, www.tomkins.co.uk.
About H-Plus Group
H-Plus group is composed of three companies (H-Plus Bio Ltd., H-Plus Clean Air World Ltd., and H-Plus Eco Ltd.) whose main business is focused on the environment and alternative energy. H-Plus Group is aiming to be a total environment solution provider. H-Plus Eco Ltd. was founded in Nov. 2000 and is a leading company in environmental consulting, engineering and construction for contaminated soil and wastewater in Korea. H-Plus has an excellent business network with refineries, engineering companies and motor companies in Korea such as GS Caltex, GSE&C and Hyundai/Kia Motors. Recently H-Plus Eco has started business with Reliance and HPCL in India and FPC in Taiwan.
About ZESTec
ZESTec promotes the application and market development for all types of zinc based energy storage systems for a range of end uses from automotive to portable power, for consumer and business use. Membership of the ZESTec consortium includes Zinc Producers (Falconbridge, Grillo, Industrias Penoles, TeckCominco, Umicore and Zinifex) and Zinc Energy System Manufacturers (eVionyx, PowerZinc, SCPS and Power Air Corporation). The activities of the Consortium are being coordinated through the International Zinc Association. www.zincenergystorage.org
About NRC-IFCI
The NRC Institute for Fuel Cell Innovation in Vancouver is a federal research and development lab, which provides research and innovation support in areas critical to the growth of Canada's hydrogen and fuel cell industry. Among its services, the Institute operates an Industry Partnership Facility (IPF), which provides access to NRC-IFCI's leading edge R&D equipment and facilities to companies in this sector. NRC-IFCI also conducts collaborative research with industry partners where there are common technical objectives or where the unique expertise of the Institute provides an effective match for industrial requirements. http://ifci-iipc.nrc-cnrc.gc.ca/main.html
I feel good - - about PRXI eom
SAM Tour OUT (news)
I'm hearing this is GREAT news fwiw...
Premier Exhibitions, Inc. Announces the Termination of the Relationship With SAM Tour (USA) Inc. Regarding the 'BODIES Exhibition' Series
PR Newswire 10:39 pm September 13, 2006
Premier Exhibitions, Inc. (Nasdaq: PRXI) filed an SEC form 8-K earlier today and disclosed that they have terminated the Agreement(s) with SAM Tour (USA) Inc., to present the Company's "BODIES Exhibition" series.
Mr. Arnie Geller, President and CEO stated, "All of our BODIES Exhibitions are expected to continue to operate as planned and we will update the shareholders on any new developments as they occur."
The text of the 8-K filing is reprinted below: Item 1.02.Termination of a Material Agreement: On September 7, 2006, Premier Exhibitions, Inc. (the "Company") terminated that certain Term Sheet with SAM Tour (USA), Inc. ("SAM Tour") dated April 13, 2005, as amended (the "Term Sheet"). The Company terminated the Term Sheet as a result of ongoing material breaches of its terms by SAM Tour and its affiliates. As a result of the Term Sheet's termination, the Company will take all steps necessary to protect its interests in the ongoing operation of its human anatomy exhibitions known as "BODIES ... The Exhibition" and "BODIES Revealed," which exhibitions were the subject of the Term Sheet.
Pursuant to the Term Sheet prior to its termination, SAM Tour and the Company worked together to jointly present these human anatomy exhibitions. Among other things, the Term Sheet provided that SAM Tour was responsible for financing the initial startup costs of each exhibition and that the Company was responsible for providing exhibition expertise, exhibitry and specimens. SAM Tour was entitled under the Term Sheet to initially recoup certain costs incurred by it as well as a license fee paid by it to the Company. The Term Sheet provided that profits from each exhibition were thereafter to be split equally between SAM Tour and the Company until each party earned agreed upon amounts, with additional profits to be calculated on a graduated scale that increasingly favored the Company.
Premier Exhibitions, Inc. is a major provider of museum quality touring exhibitions throughout the world.
It's a buy here eom
Korean-based Joint Venture (news)
Power Air Targets Asian Market Through Joint Venture with H-Plus Group
PR Newswire 8:02 am September 6, 2006
Power Air Corporation (OTC Bulletin Board: PWAC) today announced that it has signed a Memorandum of Understanding with H-Plus Group to establish a Korean-based Joint Venture Company. The Joint Venture will develop, manufacture, and commercialize back-up power systems, using Power Air's zinc air fuel cell ("ZAFC") as the power source, in Korea and Asia.
"The growing Asian economies have a significant appetite for alternative energy," states Mr. Remy Kozak, President and CEO of Power Air. "A Joint Venture with H-Plus offers Power Air an Asian base with the technical and financial resources to develop a range of environmentally-friendly energy products and distribute them throughout Asia."
Under the terms of the Memorandum of Understanding, Power Air Corporation and H-Plus Eco Ltd., a subsidiary of H-Plus Group, will complete due diligence activities necessary to structure a binding joint venture agreement. The parties expect to formalize the Joint Venture Company in the fourth quarter of 2006 with operations expected to begin in the first quarter of 2007.
"Based on the demonstrations we have seen and the initial rounds of technical and business meetings, H-Plus' executive management team has determined that there are numerous commercial applications for Power Air's environmentally friendly technology in Asia," states Mr. Jahong Hur, President, CEO, and Founder of H-Plus Group. "By establishing the Joint Venture Company in Korea, both companies will be better positioned to fast track the entry into the lucrative Asian markets."
Initial applications are expected to include industrial equipment, Telecom and UPS back up power.
"Securing the right partner to develop and commercialize our fuel cell technology in Asia is the logical and progressive next step following our Collaboration in North America with Schrader Bridgeport International," adds Donald Ceci, VP Sales and Marketing at Power Air. "H-Plus is strongly positioned within Korea and has extensive relationships across the Asian markets."
About H-Plus Group
H-Plus group is composed of three companies (H-Plus Bio Ltd., H-Plus Clean Air World Ltd., and H-Plus Eco Ltd.) whose main business is focused on the environment and alternative energy. H-Plus Group is aiming to be a total environment solution provider.
About H-Plus Bio Ltd.
H-Plus Bio Ltd. was established to produce clean and renewable energy such as biodiesel, bioethanol, and biobutanol. Its business objective is to produce eco-friendly and economical alternative fuels. H-Plus Bio expects the first commercial production of biodiesel from its plant in early 2008. It has secured base sales volume by signing an MOU with GS Caltex Corp. to supply 100,000 tons of biodiesel to GS Caltex every year beginning in 2008.
About H-Plus Clean Air World Ltd. (H-Plus CAW Ltd.)
H-Plus Clean Air World, Inc. is a total service company specialized in the fields of air quality, water/wastewater, and hazardous wastes management. H-Plus CAW provides one-stop professional services to clients for engineering, procurement, and construction services.
About H-Plus Eco Ltd.
H-Plus Eco Ltd. was founded in Nov. 2000 and is a leading company in environmental consulting, engineering and construction for contaminated soil and wastewater in Korea. H-Plus has an excellent business network with refineries, engineering companies and motor companies in Korea such as GS Caltex, GSE&C and Hyundai/Kia Motors. Recently H-Plus Eco has started business with Reliance and HPCL in India and FPC in Taiwan.
About Schrader Bridgeport International
Schrader Bridgeport International is a wholly owned subsidiary of Tomkins plc, serving the major players within the Industrial and Automotive markets based around the world.
About Tomkins plc
Tomkins plc (NYSE: TKS, LSE: TOMK) is a world-class global engineering and manufacturing group with market and technical leadership across its two business groups: Industrial & Automotive and Building Products. Tomkins plc has 132 manufacturing facilities around the world with sales of $5.9 billion dollars in 2005, http://www.tomkins.co.uk
HELLO HEllo hello...
Nice upward trend going on here on nice volume
TRI-STATE Capital Upgrade (news)
Power Air Corporation Receives Strong Upgrade by Respected Research Firm; Management Prepares for Global Commercialization of Cutting-Edge Emission Free Zinc Air Fuel Cell
BusinessWire 8:00 am August 30, 2006
Power Air Corporation (OTC BB: PWAC) is pleased to announce a well-respected firm, TRI-STATE Capital (TSC), has upgraded their equity rating on PWAC. This strong upgrade comes at a time when the company has partnered with Schrader Bridgeport International to commercialize a zero emission, back-up power generator suitable for indoor and outdoor use. This upgrade is also due to the increased interest in metal-air fuel cells as an alternative to traditional battery technology. Power Air expects to capitalize on this potential when it demonstrates its fuel cell based generator at a number of North American and International Power and Fuel Cell events in early 2007.
TSC is noted for their work with, account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view the entire independent research report, please click on the attached URL: http://www.otclive.com
Mr. Remy Kozak, President and CEO of Power Air Corporation states, "We are honored to have a quality independent research firm review our progress and potential and to provide the resulting upgrade in our stock. This offers further confirmation to our shareholders that our company is headed in the right direction." Mr. Kozak further stated, "Participation in the North American and International events is an important pre-commercial activity. Our fuel cell ultimately has advantages over competitors due to the high energy density and stability of the fuel - Zinc - the low cost of production and our unique patent that allows for continuous operation."
About Power Air Corporation:
Power Air Corporation, with the head office in Livermore, California, is engaged in the business of developing, manufacturing and marketing fuel cell based commercial products. Power Air has the exclusive worldwide license to zinc-air fuel cell technology that has been developed at the Department of Energy's Lawrence Livermore National Laboratory, in Livermore, California, for all fields of use (portable, stationary, light mobility and transportation applications) and commercialization.
For further information please call +1-925-960-8779 or visit our website at http://www.poweraircorp.com.
Volume Alert eom
Generators for Disasters in USA & Abroad (news)
Katrina Disaster Fuels Technology
PR Newswire 8:10 am August 25, 2006
The nation hasn't forgotten about it. The city of New Orleans certainly hasn't forgotten about it. And Power Air President Remy Kozak hasn't forgotten about it either.
On August 29, 2005, Hurricane Katrina made landfall and began its path of destruction across the southeastern part of the United States in what has been determined to be the single largest natural disaster in recent history. In the weeks and months that followed, millions of residents were left to survive without food, water, or electricity. And although Kozak can't make any promises to prevent another hurricane from devastating the United States, he is hoping that his company's new product will help ease the pain of power outages.
Power Air Corporation recently announced that it has plans to release its Zinc Air Fuel Cell, an alternative to traditional gas-powered generators. The emission-free unit, which operates silently on zinc, is the first of its kind to attempt to break into a generator market dominated by gasoline-fueled units. Kozak also notes that the Zinc Air Fuel Cell has many differences from the comparably efficient, emission-free hydrogen fuel cell.
"This cell ultimately has the advantage because of its economic efficiency," he states. "We're planning on a product that rivals the cost per kilowatt of most gasoline-powered generators -- hydrogen fuel cells can't do that."
When the Lights Go Out
In the days and weeks following Katrina, many residents faced a unique problem: They had generators, but they had no way to get gasoline to run them.
"I can't imagine how much of a benefit it would have been for a lot of those residents to have had our generator available to them in their time of crisis," states Kozak. "If you consider any natural disaster, where the quality of the environment is already hostile, can you imagine the advantage of being able to shelter yourself indoors with a generator inside your building?"
Looking Towards the Future
Power Air Corporation (http://www.poweraircorp.com/), a publicly traded company, which trades under the symbol PWAC (OTC Bulletin Board: PWAC), also has plans to market the Zinc Air Fuel Cell overseas. Kozak believes that South America and Africa, with their often undependable power infrastructure, are two regions that are likely to be interested in the new technology. That's in addition to the approximate 42 million sites that are already available for potential sales within the United States.
"This will catch on -- I have no doubt about it," says Kozak. "The technology picks up where previous technology has left off."
In a nation that is looking to move forward on the anniversary of its greatest natural disaster, perhaps his statement holds a special level of significance.
Contact: Jacqueline Bodnar JB@SyndicatedNews.us (702) 338-3105 SOURCE Syndicated News, Inc.
Jacqueline Bodnar of Syndicated News, Inc., JB@SyndicatedNews.us, +1-702-338-3105 http://www.prnewswire.com
10K Filed...CHYSE.OB back to CHYS.OB 8/25
Charys Holding Company, Inc. Filed Its Form 10-KSB For the Fiscal Year Ended April 30, 2006 on August 23, 2006 at 10:08 am, and is Now in Compliance with NASD Rule 6530
Thursday August 24, 2:44 pm ET
ATLANTA--(BUSINESS WIRE)--Aug. 24, 2006--Charys Holding Company, Inc. ("Charys") (OTCBB:CHYS - News) filed on August 23, 2006 at 10:08 am EDT the 10-KSB annual report with the SEC for the fiscal year ended April 30, 2006, is current with its reporting obligations, and is now in compliance with NASD Rule 6530 to maintain its continued listing. The company has verified with the OTCBB Filings Department that CHYSE.OB will revert automatically to CHYS.OB on their schedule for August 25, 2006.
ADVERTISEMENT
About Charys Holding Company, Inc.
Headquartered in Atlanta, Georgia, Charys Holding Company, Inc. (OTC Bulletin Board: CHYS - News) is a publicly traded company focusing on the fragmented and underserved segment referred to as The Integrated Infrastructure Services Segment. This segment is fundamentally focused on environmental remediation and on upgrading the underpinning, infrastructure, and back office operations of the telecommunication, cable, electric, and Internet industries serving consumers, businesses and government entities. Charys' principle strategy is to acquire, through mergers and acquisitions, companies that support this underserved segment. Charys subsidiaries include: Viasys Services, Inc., Personnel Resources of Georgia, Inc., Method IQ, Inc., CCI Telecom, Inc., Digital Communication Services, Inc., Ayin Holding Company, Inc. and Crochet & Borel Services, Inc.
For more information about Charys visit http://www.charys.com.
NOTE: The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Not blaming anyone for anything
The mere presence of Lebed involved either way in this stock is a disappointment imo.
Lebed one-month PWAC IR Contract
Re: My firm Lebed Biz LLC has been compensated by a third-party (Onyx Consulting) $25,000 cash for a one-month PWAC investor relations contract.
http://themicrocapspeculator.blogspot.com/2005_12_01_themicrocapspeculator_archive.html (scroll down)
NOT IMPRESSED
The question of the day is why would this company pay to have this person "promote" their stock? Does it really have what it takes to make it? Red flag here.
...sounded hopeful until this development (dumb move on the part of the company)
BODIES in Seattle (news)
BODIES ... The Exhibition To Open September 30th in Downtown Seattle
PR Newswire 10:32 am August 21, 2006
Premier Exhibitions, Inc. (Nasdaq: PRXI) today announced that, in association with Concert Productions International and Jam Exhibitions, BODIES ... The Exhibition will make its Pacific Northwest debut on September 30th in Seattle. Locally presented by Seattle Theater Group, this groundbreaking Exhibition will open in the newly designed, 30,000-square-foot exhibition facility, 800 Pike, located at the corner of 8th Avenue and Pike Street across from the Washington State Convention Center.
BODIES ... The Exhibition features 21 real, whole body specimens as well as more than 250 partial body specimens that have been meticulously dissected, preserved through an innovative process and respectfully presented, giving visitors the opportunity to view the beauty and complexity of their own organs and systems like never before.
"We are pleased to bring this immersive and highly successful exhibition experience to Seattle," states Arnie Geller, President and CEO of Premier Exhibitions, Inc. "BODIES ... The Exhibition continues to impact millions of visitors around the world. We look forward to being part of the development of 800 Pike as an exhibition venue and making BODIES a must-see experience for both residents and visitors of the greater metropolitan area of Seattle."
BODIES ... The Exhibition will provide the public with an opportunity to see inside carefully preserved anatomical specimens and learn the detailed structure and function of the human body. In this process, human tissue is permanently preserved using liquid silicone rubber that is treated and hardened. The end result is a rubberized specimen, preserved to the cellular level, showcasing the complexity of the body's many bones, muscles, nerves, blood vessels and organs. The full-body specimens can take more than a year to prepare. After undergoing the polymer preservation process, they become impervious to decomposition.
Tickets to BODIES ... The Exhibition go on sale today and will be available at www.bodiestickets.com.
Premier Exhibitions, Inc. is a major provider of museum quality touring exhibitions throughout the world.
"Showroom" Now Open (news)
Power Air Corp (PWAC:OTC BB)
Demonstration Lab Established at National Research Council of Canada's Institute for Fuel Cell Innovation (IFCI)
PR Newswire 8:01 am August 21, 2006
Power Air Corporation (OTC Bulletin Board: PWAC) today announced the establishment of its Demonstration & Engineering Lab at the newly opened National Research Council of Canada's Institute for Fuel Cell Innovation (IFCI) Building.
"Our core technology can drive many applications," states Mr. Remy Kozak, President and CEO of Power Air. "It is important for industry partners and OEMs to see our zinc-air fuel cell in end-user products; to emphasize the benefits and advantages we have over other slower-emerging and incumbent technologies."
The IFCI provides full environmental and unit testing facilities. In January 2006, Power Air announced an initial presence at the original National Research Council facility in Vancouver, Canada. With the recent move to a larger building, Power Air has acquired additional office space and a private lab space for design, staging and testing purposes.
"The opportunity to build out our presence in the leading Fuel Cell Facility in North America was not one we could pass up," continued Mr. Andy Turnbull, Director of Engineering at Power Air. "Our core technology development centre will remain in Livermore, with the Vancouver facility focusing on application-specific design and testing. This makes it a natural location to support demonstrations."
The official opening of the new IFCI Building will be on September 12th, 2006 and will include demonstrations of the various products and technologies developed by leading companies in the fuel cell sector.
"Power Air's initial demonstration will be a zero emissions indoor generator targeted for use in apartments, businesses, emergency and utility vehicles, recreational vehicles and boats," adds Mr. Don Ceci, VP Marketing & Sales at Power Air. "The generator will also be featured at a number of North American and International Power and Fuel Cell events in early 2007."
About NRC-IFCI
The NRC Institute for Fuel Cell Innovation (NRC-IFCI) in Vancouver is a federal research and development lab, which provides research and innovation support in areas critical to the growth of Canada's hydrogen and fuel cell industry. Among it's services, the Institute operates an Industry Partnership Facility (IPF), which provides access to NRC-IFCI's leading edge R&D equipment and facilities to companies in this sector. NRC-IFCI also conducts collaborative research with industry partners where there are common technical objectives or where the unique expertise of the Institute provides an effective match for industrial requirements. http://ifci-iipc.nrc-cnrc.gc.ca/main.html
About Power Air Corporation
Power Air Corporation, with head office in Livermore, California, is engaged in the business of developing, manufacturing and marketing fuel cell based commercial products. Power Air has the exclusive worldwide license to zinc-air fuel cell technology that has been developed at the Department of Energy's Lawrence Livermore National Laboratory, in Livermore, California, for all fields of use (portable, stationary, light mobility and transportation applications) and commercialization.
For further information please call +1-925-960-8779 or visit our website at http://www.poweraircorp.com.
Investor Relations call +1-866-734-7026 or e-mail to investors@poweraircorp.com or OTC Financial Network, Peter Clark, +1-781-444-6100 x629 or email peter@otcfn.com.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NO EXCHANGE, OVER-THE-COUNTER MARKET OR FEDERAL OR STATE SECURITIES ADMINISTRATOR HAS IN ANY WAY EITHER REVIEWED, APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE.
Interesting Article CEOcast Stocklemon
http://www.axcessnews.com/modules/wfsection/article.php?articleid=10962
Waxing Nostalgic, Home Solutions Earnings Call
By Alan Fein
(AXcess News) New York - Some say, if you pour cheap liquor into an empty bottle that once contained good booze, most people can't tell the difference. That's basically the claim that stock-tout, CEOcast, made Sunday in its weekly email newsletter, belittling Home Solutions of America, Inc.'s (NASDAQ: HSOA) handling of its second-quarter results when it said "the company stumbled through its earnings call, providing vague guidance when it needed to be specific."
CEOcast snubbed Home Solutions, sure, but you have to take note that an undisclosed CEOcast employee (outlined as an "editor", without naming him) owns 1.25 million shares of the company too - which he apparently bought after agreeing to promote the stock - in addition to a monthly cash fee that's disclosed in the CEOcast email newsletter.
It sounded more like CEOcast was scolding the management of Home Solutions for not pitching the information harder so the stock might go up and put the New York City-based stock promotion organization in the black, or at least this mysterious "editor".
This last year Ken Sgro, a well-respected icon of online webcasting of earnings results for public companies and President of CEOcast, died suddenly of a heart attack. With Sgro's passing, and no mention of it by CEOcast, Michael Wax moved up to assume his role, saying "Ken was a nice guy, but for me it's 'strictly business'", just days after Sgro's funeral.
In this last email tout, CEOcast said (emphasized in italicized letters) "We suspect that revenue for the month of July exceeded HSOA's revenue for the entire second quarter based upon our conversations with parties doing business in the New Orleans areas."
CEOcast noted that the stock of Home Solutions of America, Inc. was short in an amount equal to 37% of the float. That CEOcast believed the short position had increased since July.
But who's short is it?
StockLemon.com noted in an August 15 story that "insiders sold millions of dollars in stock at very high prices - on the heels of a highly misleading press release, in which the company trumpeted a - contract in New Orleans", referring to a June announcement.
Monday, Home Solutions of America, Inc. filed an S-3 registration for insiders to sell over 5 million shares of stock. Shortly thereafter it announced its earnings for the period.
According to StockLemon, we can understand why Home Solutions of America would not give details in its earnings report. StockLemon said that 25% of its earnings were from a Louisiana company named Charys (OTCBB: CHYS). If this is the "party in the New Orleans area" CEOcast referred to I would do my due diligence a little deeper, if you accept what StockLemon says about Home Solutions financial statements in that it's booking revenue it hasn't earned yet - which AXcess News does not substantiate or support as a fact in any of StockLemon's statements by quoting it in this article - we have not verified that information. But it's sure an interesting read!
StockLemon called Home Solutions of America a, "house of cards". I wonder what it thinks of CEOcast?
HIV and/or INFLAMMATION
Update on their clincal trials from the 10Q
...Research and Development Expenses. For the three and six months ended June 30, 2006, we incurred $118,058 and $130,561 on research and development expenses, respectively, as compared to $5,917 and $32,150 for the comparable periods in 2005. These expenses are comprised of costs associated with internal and external research. The increase in our research and development is due primarily to the initiation of external clinical trials of our product.
We have recently engaged several third parties to conduct testing directed toward further characterization of the product and determining its method of action and efficacy.
In May, 2006, we commenced two clinical trials in Cameroon, one of which will explore the possible effects of ProAlgaZyme on HIV. In particular, the trial will explore ProAlgaZyme's potential to reduce viral loads in patients with HIV.
The second trial will explore ProAlgaZyme's potential effects on C-Reactive Protein (CRP) levels and the inflammation process. Subject to the availability of sufficient funding, we plan to continue these research and development activities during the balance of 2006....
Commercialization Coming
Power Air has an agreement with Schrader Bridgeport International to "collaborate on the specifications, design, alpha and beta prototype build and test, field trial program, co-branding, and commercial launch of the indoor generator, which is designed to be a cost-effective, refuelable backup generator that can operate indoors, safely, silently, efficiently, and emissions-free, with extended run capability"...
Schrader Bridgeport is the world's largest designer and manufacturer of integrated pneumatic and fluid control solutions http://www.schrader-bridgeport.com/index.cfm
PWAC Conf Call Here: http://www.mn1.com/members/modules.php?name=Downloads&d_op=getit&lid=72
...added a bit more recently
News - 4th Qtr Results (Finally)
Charys Holding Company, Inc. Reports Year-End and 4th Qtr. Results
ATLANTA, Aug 18, 2006 (BUSINESS WIRE) --
Charys Holding Company, Inc. (BB:CHYS):
-- Charys' Crochet & Borel Services ("C&B") subsidiary schedules $35 million Revolving Credit Facility
-- Charys Receives FTC Approval of request for Cotton Holdings Acquisition
-- Charys Comments on recent Stock Activity
Charys Holding Company, Inc. ("Charys") (BB:CHYS) today announced its financial results for its fourth quarter and fiscal 2006, ended April 30, 2006. The Company will file its form 10-KSB annual report with the SEC on Monday August 21, 2006.
-- Charys' subsidiary C&B also announced the scheduled closing of a new $35 million revolving credit facility. The financing is in the form of a Senior Secured Revolving Credit Facility, which will provide up to $35.0 million to C&B, with Charys as the guarantor. Proceeds will be used to refinance certain indebtedness and the initial acquisition of C&B. In addition the Company expects that the financing will support future growth and development initiatives and facilitate the purchase of additional revenue generating assets.
-- Charys also announced today that the U.S. Federal Trade Commission has granted Charys' request for early termination of the waiting period effective August 9, 2006 with respect to the previously announced acquisition by Charys Holding Company, Inc of Cotton Holdings 1, Inc. Cotton Commercial USA, LP and Cotton Restoration of Central Texas LP.
-- Charys commented today on the recent volatility in its stock price. The Company knows of no business condition or other reason to explain the recent decline in the price of its stock.
Charys anticipates reporting consolidated revenue for the fiscal year ended April 30th, 2006 of $48.6 million, compared with $7.5 million for fiscal 2005. The dramatic increase was due to revenue generated by the acquisitions of Viasys Services, Inc and Method IQ, Inc, both of which were acquired effective November 1, 2005. Operating improvements and cross business synergies drove gross profits higher beginning in the fourth quarter. Gross profit increased, positively impacted by the operating improvements in the fourth quarter 2006.
Operating income from Subsidiaries for fiscal 2006 rose to approximately $2 million compared with $827 thousand for fiscal 2005. The Holding Company activity primarily focused on key acquisitions and financing activities with Holding Company expenses of approximately $2.8 million and one time financing costs of $400 thousand. Charys' consolidated net earnings, which include one time charges resulting from financing activities, the redemption of financing instruments and other indirect financing and acquisition related expenses, resulted in net loss for the year of approximately $1.2 million as compared with the 2005 loss of $790 thousand. Fiscal 2006 results do not include the financials of the recently closed acquisitions of C & B Services, Inc., LFC Inc. or Digital Communications Services, Inc., which were acquired after April 30, 2006 and will be reported in results for the first quarter 2007 which ended July 31, 2006.
Mentioned Last Change
CHYS 5.06 (Unchanged)
Earnings before interest, taxes, depreciation and amortization (EBITDA) were $2.6 million versus $476 thousand in fiscal 2005.
EBITDA Reconciliation: ($ million) 2006 2005
---- ----
Net earnings (loss) ($1.3) ($0.8)
Less: Interest expense $1.8 $0.16
Less: Depreciation and amortization $1.8 $1.5
Less: Non- cash Consulting expenses $0.2
EBITDA $2.6 ($0.5)
Charys' President and Chief Executive Officer, Billy Ray, Jr., said he is pleased with the great strides that the Company made during the year. "Our fiscal 2006 financial performance once again demonstrates Charys Holding Company's ability to deliver near-term results while keeping our eye firmly focused on the long-term with deliberate, strategic acquisitions that we expect will accelerate our growth well into the future. I am very proud of our management team who are the driving force that brought Charys from a $7.5 million company to a $48.5 million company in a mere 12 months.
"Longer term, we're intently focused on developing ways to leverage the exceptional capabilities of each of our operating companies to provide even greater value to our customers. An example is with the successful integration of Aeon Technologies we have brought new capabilities increasing customer satisfaction while at the same time dramatically improving operating costs. Also, Method IQ has demonstrated the expertise to bring systems integration and technology solutions thereby greatly enhancing our value to our expanding base of customers. Our proven ability in taking advantage of new platforms and the momentum we continue to generate at our established businesses, and the strong performance of our recent acquisitions that are not part of last year's results, gives us great confidence as we head into fiscal 2007," Mr. Ray added.
What a ride eom
Setting the record straight
Was the author of the NY Times article an amateur or did they just try to cause controversy to sell more papers?
ATLANTA, Aug 15, 2006 /PRNewswire-FirstCall via COMTEX/ -- Premier Exhibitions, Inc. (Nasdaq: PRXI) today released to its shareholders a copy of the following "Letter to the Editor" in response to a recent article that appeared in the New York Times.
To The Editor:
"Every element of BODIES ... The Exhibition is organized with full and complete compliance to the letter of the law. Premier Exhibitions, Inc. is a well respected publicly traded company that holds itself to the highest standards and diligently abides by all domestic and international laws.
All of the specimens in the exhibitions were legally obtained through the Dalian Medical University Plastination Laboratories in the People's of China under the direct supervision of Dr. Sui Hongjin, the head of the department and one of the most well respected experts in his field.
The individual who indicated that he did not know the origin of the specimens was not a 'spokesman for the university' but in fact, an uninformed, junior-level assistant who happened to answer the telephone when the New York Times reporter called and was certainly not qualified nor did he even represent to speak on behalf of the University.
Premier Exhibitions, Inc. has contractual agreements with the Dalian Medical University Plastination Laboratories in the People's Republic of China confirming that these specimens were unidentified, died of natural causes, have no communicable diseases and were acquired within strict compliance of the law. Premier will only mount a long term exhibition of this scale after having first exercised a thorough due diligence investigation to verify the legitimacy of this entire educational program. We have traveled to China a number of times to ensure that the sourcing process met with the highest standards both legally and morally.
We are absolutely committed to ensuring that the content of BODIES ...
The Exhibition is educational, ethical, and legally correct."
To: The Shareholders of Premier Exhibitions, Inc. (Nasdaq: PRXI) From: Arnie Geller, President and Chief Executive Officer
Some printed materials have recently speculated on the future of our very successful BODIES Exhibitions and it's time to set the record straight.
These exhibitions will remain in the custody and control of Premier Exhibitions throughout the ten year term of our Agreement.
The Company will continue to investigate and review the new regulations disclosed in a recent press release made by the Chinese Government however, the Company believes the recently announced and pending changes in Chinese regulations are designed to address the wide spread illegal trade of body organs used for transplants, and should not be confused with the educational programs that have been developed utilizing polymer preserved specimens as a result of the extraordinary dissection work being done in China.
The Company, has previously in conference calls with shareholders, discussed their desire to continue to add additional sets of human specimens to their existing base of six related Exhibitions. The Company plans to continue to seek additional human specimens to add to their Exhibitions.
It is unfortunate when a newspaper like the New York Times is more interested in selling papers than getting their stories accurate but I can assure all of our shareholders that it is business as usual at Premier Exhibitions with a focus on growth and revenues.
Premier Exhibitions, Inc. is a major provider of museum quality touring exhibitions throughout the world.
Nice Trade
Fundamentals will carry the stock forward.
The people who run sites such as stocklemon are the lowest in the food chain.
Find Out & Post Your Info
Company Contact:
Kimberley Lloyd
Investor Relations
Charys Holding Company, Inc.
678-443-2301
Fax: 678-443-2320
klloyd@charys.com
Overwhelming Demand
From http://www.tropicanalv.com/ent_bodies.asp
Exhibition times
Due to overwhelming demand, extended hours through Sunday, September 3rd:
Exhibit Open Daily
10 am to 11 pm
Last ticket sold 10 pm
Tickets on sale now!
Betting on potential
I bought HEPI a while back when I heard about the clinical trials and researched the potential benefits of ProAlgaZyme. In my opinion (I know, no one asked) the recent strength in HEPI are those of us who are making a bet on those clinical trials being positive...I mean, what if what they claim is true? As was said in a prior post..."the stock is either going to be 20 cents or $20.00 very soon".
No risk no reward
Not JUST for hurricanes anymore
C & B Holding Company is being established by Charys Holdings based on it's intent to purchase Cotton Cos., a group of reconstruction and restoration firms based in Houston. Crochet and Borel Services Inc. (already owned by Charys Holdings) will be folded into Cotton Cos. and according to the press release it will be one of the largest companies of its kind in the world.
"Cotton has a strong core business that addresses a high volume of day-to-day catastrophes such as commercial fires and water damage, while C&B's business focuses on remediation of higher-end disasters, such as hurricanes and floods. We expect the combination to result in an even wider range of services for our customers and much larger and more consistent revenues and profits for Charys.
Cotton, has locations in Houston; Austin, Texas; Dallas/Ft. Worth; San Antonio, Texas; Atlanta; Charlotte, N.C.; Orlando, Fla.; Denver; Phoenix; Chicago; and Washington, D.C. Its clients include The Home Depot Inc. (NYSE: HD), Marriott, Starwood Hotels and Resorts, The Palm Restaurant, Food Lion and Sports Authority. In fiscal 2006, Cotton generated $80 million in revenue."
"The combined strength of these two industry-leading companies is a win for everyone concerned, from customers and employees, to shareholders and investors," said Billy V. Ray Jr., chairman and CEO of Charys. "Not only should it greatly enhance our revenues and profits, but it presents opportunities on a national and international scale for cross-marketing of complementary restoration services provided by our other subsidiaries -- CCI-Telecom, Inc. and Viasys Services Inc. In addition, we expect that it may create national and international opportunities for our Integrated Infrastructure Services operating subsidiaries."
From another article...
ATLANTA, July 26 /PRNewswire-FirstCall/ -- Charys Holding Company, Inc.("Charys") (OTC Bulletin Board: CHYS) announced today that Cotton Companies("Cotton"), which is under binding letter of intent with Charys, has received signed commitments from Gordmans Department Stores and Highpointe Hotel Corporation to participate in Cotton's Preferred Client Program. Cotton is a leading provider of fire and water restoration, reconstruction and remediation services. The Program provides clients with Cotton's year-round fire and water emergency services. With the addition of Gordmans' 60 store locations in 15 states and Highpoint's 12 hotels in Florida, Louisiana and Alabama, the Program now includes more than 1.2 billion square feet of property across the United States.
Cotton Companies' President and CEO, Pete Bell commented that because of its excellent reputation, work history and customer service, the company continues to add new clients on both the national and local levels. "Increasingly, customers are recognizing the benefits of setting up client service agreements before a disaster occurs. With the details of these agreements worked out ahead of time, clients such as Gordmans and Highpointe have the peace of mind of knowing that Cotton will respond immediately whenever they need our services...."
Interesting Company, New Technology
I am watching this one. Still in development stage. Not expected to achieve any revenues over the next 12 months. I have an initial position that I will add to as it develops.
Bodies....The Exhibition Locations
Las Vegas Exhibition at the Tropicana Resort & Casino
London Exhibition at Earls Court
Atlanta Exhibition at the Atlanta Civic Center
New York Exhibition at the South Street Seaport
Tampa Exhibition at MOSI
Mexico City
AND at least four Bodies exhibitions in new venues will open during the third quarter.
Premier Exhibitions doesn't appear to be affiliated with the Houston show.
4 more Bodies 3rd Qtr = $3.5mm licencefees
Premier Exhibitions, Inc. Announces Continued Strength in Its Blockbuster Exhibitions
ATLANTA, July 27, 2006 /PRNewswire-FirstCall via COMTEX/ -- Premier Exhibitions, Inc. (Nasdaq: PRXI) (the "Company") today announced that the opening of its blockbuster exhibitions known as "Titanic ... The Artifact Exhibition" and "Bodies ... The Exhibition", at the Tropicana Resort and Casino in Las Vegas, have exceeded initial sales expectations. The Company reported that the Titanic and Bodies exhibitions, on a combined basis, have attracted over 60,000 visitors in their first month.
Mr. Arnie Geller, President and CEO of Premier Exhibitions, made the following statement concerning the Company's current second quarter operating results, "Our record first quarter was a solid increase in terms of operating a larger base of exhibitions, due to the multiple Bodies exhibitions that opened in that period." Mr. Geller also added, "We expect that our second quarter net revenue and operating income will exceed that of our first quarter."
The following items highlight the Company's expectations regarding its improving fiscal performance:
* The Company reported that the Bodies exhibition in New York City has sold over 475,000 tickets at an average price of $22 per visitor since opening in November 2005;
* Over 525,000 tickets to the Tampa Bodies exhibition have been sold in less than one year;
* The Company will benefit from the operations of Bodies exhibitions in Atlanta, Tampa, Mexico City, London, and New York, as well as Las Vegas in the second quarter. All of these venues are expected to be accretive to the Company's Fiscal 2007 year; and
* At least four Bodies exhibitions in new venues will open during the third quarter, which, in addition to earnings beyond license fees, are expected to earn the Company license fees of approximately $3,500,000.
Nasdaq Listing Soon?
From the release on June 12 "It is anticipated that listing on the NASDAQ Capital Market will be initiated within six to eight weeks"
$15 mill revs for Viasys over 2-yr period
Charys Holding Co. Subsidiary Lands Two Additional Contracts Viasys Services, Inc. to provide further infrastructure services in Sarasota County, Florida
ATLANTA, Aug 02, 2006 /PRNewswire-FirstCall via COMTEX/ -- Charys Holding Company, Inc. ("Charys")(OTC Bulletin Board: CHYS), a provider in the Integrated Infrastructure & Communications services market focusing on the Data/Communication Network segment, today announced that its subsidiary, Viasys Services, Inc. ("Viasys"), has been awarded two additional contracts to the previously announced transaction with a leading provider of voice and data communications systems in the Tampa Bay area. Under the initially stated terms of the contract, Viasys will provide infrastructure services that include underground construction and a raceway or conduit system that can accommodate fiber optic and/or copper cable for their residential and commercial voice and data communications systems in Sarasota County, Florida. These two projects, which are a part of a larger program commissioned by the Florida Department of Transportation, will commence immediately.
In addition, Viasys has been assigned projects from the same awarding authority involving Fiber To The Premises (FTTP). These projects will provide further infrastructure services in Sarasota County, Florida. The current estimates are approximately 600,000 ft. of raceway infrastructure system for the remaining period of 2006 and 1.4m ft. in 2007. Furthermore, in the last three weeks Viasys has added an additional 80 people for the new projects and plans on adding another 80 over the next eight weeks. The new people consist of 25 percent in-house and 75 percent subcontractors.
Vice President and Director of Operations at Viasys, Jim Hemrich, commented that, "We are excited and proud of our relationship with this premier provider of voice and data communications. Our relationship with them has continued to grow over the past several years and is strengthened with each additional contract. With the on-going and increasing work from them, it demonstrates the confidence they have in our ability to perform to their expectations."
Billy V. Ray, Jr., Chairman and CEO of Charys observed, "This addition to the original deal is an important part in expanding the work done by Viasys in the Greater Tampa Bay area. These contracts will represent approximately $15 million in revenue for Viasys over a two year period. Consequently, our subsidiaries are demonstrating the organic growth opportunities that exist within our organization as we continue to implement our business strategy."
About Charys Holding Company, Inc.
Headquartered in Atlanta, Georgia, Charys Holding Company, Inc. (OTC Bulletin Board: CHYS.OB) is a publicly traded company focusing on the fragmented and underserved segment referred to as The Integrated Infrastructure Services Segment. This segment is fundamentally focused on environmental remediation and on upgrading the underpinning, infrastructure, and back office operations of the telecommunication, cable, electric, and Internet industries serving consumers, businesses and government entities. Charys' principle strategy is to acquire, through mergers and acquisitions, companies that support this underserved segment. Charys subsidiaries include: Viasys Services, Inc., Personnel Resources of Georgia, Inc., Method IQ, Inc., CCI Telecom, Inc., Digital Communication Services, Inc., Ayin Holding Company, Inc. and Crochet & Borel Services, Inc.
For more information about Charys visit http://www.charys.com.
SSPI - gap being filled today
SSPI - Added here
(yes, my 1st post)