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Hi there TUNA, you might want to check INB out.They expanded to the ASIA market plus they just release the HUGE NEWS on their BIOTECH div which we all thought it had been written off.Float is only a little 3 MM shares .They had 3 HUGE NEWS in 4 days.Please do your own DD and thank me later.
http://finance.yahoo.com/q?s=INB&d=t
INB ,HUGE NEWS the current SP has not factored in the BIOTECH div.We all thought the PAXIL operation had been written off.
Integrated BioPharma's Wholly-Owned Subsidiary, InB:Paxis Pharmaceuticals, Enters Into A Supply Agreement For the U.S. and Europe Markets
Wednesday May 31, 11:45 am ET
HILLSIDE, N.J., May 31 /PRNewswire-FirstCall/ -- Integrated BioPharma, Inc.'s (Amex: INB - News) wholly-owned subsidiary, InB:Paxis Pharmaceuticals, Inc., a premier manufacturer of naturally derived taxanes for the pharmaceutical industry, today announced the execution of a supply agreement with a European generics manufacturing company with extensive sales, marketing, and distribution channels in the European Community, Eastern Europe, the United Kingdom and the United States. The agreement provides for minimum purchases during the first year of at least $2.4 million of InB:Paxis' API product.
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Rodney McKeever, Vice President of Operations and General Manager of InB:Paxis stated "We are pleased to have established a strong and effective working relationship with this important, new customer. During the past year we have been working together to satisfy the regulatory requirements of the European, U.K. and U.S. markets to be covered by this agreement and are now poised to support our customer's sales in these important markets."
About InB:Paxis Pharmaceuticals, Inc.
InB:Paxis Pharmaceuticals, Inc. is a US-based premier producer of naturally-derived taxanes for the pharmaceutical industry. InB:Paxis currently manages the cultivation, manufacturing and distribution of paclitaxel API. All of InB:Paxis' products are manufactured in production facilities operating under cGMP standards and meet or exceed the USP specifications. Additional information on InB:Paxis and its products can be obtained from its website at www.paxispharma.com or by calling (303) 448-9850.
About Integrated BioPharma Inc. (INB)
Integrated BioPharma is a unique grouping of companies presently serving the varied needs of the health care industry. Through its nutraceutical business, the Company creates, develops, manufactures and markets products worldwide. The Company's biotechnology business uses its patented plant-based technology to produce vaccines and therapeutic antibodies. Its pharmaceutical business operates a cGMP facility for the production and sale of Paclitaxel and related drugs and provides technical services through its contract research organization. Further information is available at www.iBioPharma.com
Statements included in this release related to Integrated BioPharma, Inc. may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand, and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential risk factors that could affect the Company's financial results can be found in the company's Reports filed with the Securities and Exchange Commission.
HI MICK ,INB HUGE NEWS!!!!!! The current SP has not factored in the BIOTECH DIV .
Integrated BioPharma's Wholly-Owned Subsidiary, InB:Paxis Pharmaceuticals, Enters Into A Supply Agreement For the U.S. and Europe Markets
Wednesday May 31, 11:45 am ET
HILLSIDE, N.J., May 31 /PRNewswire-FirstCall/ -- Integrated BioPharma, Inc.'s (Amex: INB - News) wholly-owned subsidiary, InB:Paxis Pharmaceuticals, Inc., a premier manufacturer of naturally derived taxanes for the pharmaceutical industry, today announced the execution of a supply agreement with a European generics manufacturing company with extensive sales, marketing, and distribution channels in the European Community, Eastern Europe, the United Kingdom and the United States. The agreement provides for minimum purchases during the first year of at least $2.4 million of InB:Paxis' API product.
ADVERTISEMENT
Rodney McKeever, Vice President of Operations and General Manager of InB:Paxis stated "We are pleased to have established a strong and effective working relationship with this important, new customer. During the past year we have been working together to satisfy the regulatory requirements of the European, U.K. and U.S. markets to be covered by this agreement and are now poised to support our customer's sales in these important markets."
About InB:Paxis Pharmaceuticals, Inc.
InB:Paxis Pharmaceuticals, Inc. is a US-based premier producer of naturally-derived taxanes for the pharmaceutical industry. InB:Paxis currently manages the cultivation, manufacturing and distribution of paclitaxel API. All of InB:Paxis' products are manufactured in production facilities operating under cGMP standards and meet or exceed the USP specifications. Additional information on InB:Paxis and its products can be obtained from its website at www.paxispharma.com or by calling (303) 448-9850.
About Integrated BioPharma Inc. (INB)
Integrated BioPharma is a unique grouping of companies presently serving the varied needs of the health care industry. Through its nutraceutical business, the Company creates, develops, manufactures and markets products worldwide. The Company's biotechnology business uses its patented plant-based technology to produce vaccines and therapeutic antibodies. Its pharmaceutical business operates a cGMP facility for the production and sale of Paclitaxel and related drugs and provides technical services through its contract research organization. Further information is available at www.iBioPharma.com
Statements included in this release related to Integrated BioPharma, Inc. may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand, and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential risk factors that could affect the Company's financial results can be found in the company's Reports filed with the Securities and Exchange Commission.
Integrated BioPharma's Wholly-Owned Subsidiary, InB:Paxis Pharmaceuticals, Enters Into A Supply Agreement For the U.S. and Europe Markets
PR Newswire - May 31, 2006 11:46
HILLSIDE, N.J., May 31, 2006 /PRNewswire-FirstCall via COMTEX/ -- Integrated BioPharma, Inc.'s (Amex: INB) wholly-owned subsidiary, InB:Paxis Pharmaceuticals, Inc., a premier manufacturer of naturally derived taxanes for the pharmaceutical industry, today announced the execution of a supply agreement with a European generics manufacturing company with extensive sales, marketing, and distribution channels in the European Community, Eastern Europe, the United Kingdom and the United States. The agreement provides for minimum purchases during the first year of at least $2.4 million of InB:Paxis' API product.
Rodney McKeever, Vice President of Operations and General Manager of InB:Paxis stated "We are pleased to have established a strong and effective working relationship with this important, new customer. During the past year we have been working together to satisfy the regulatory requirements of the European, U.K. and U.S. markets to be covered by this agreement and are now poised to support our customer's sales in these important markets."
About InB:Paxis Pharmaceuticals, Inc.
InB:Paxis Pharmaceuticals, Inc. is a US-based premier producer of naturally-derived taxanes for the pharmaceutical industry. InB:Paxis currently manages the cultivation, manufacturing and distribution of paclitaxel API. All of InB:Paxis' products are manufactured in production facilities operating under cGMP standards and meet or exceed the USP specifications. Additional information on InB:Paxis and its products can be obtained from its website at www.paxispharma.com or by calling (303) 448-9850.
About Integrated BioPharma Inc. (INB)
Integrated BioPharma is a unique grouping of companies presently serving the varied needs of the health care industry. Through its nutraceutical business, the Company creates, develops, manufactures and markets products worldwide. The Company's biotechnology business uses its patented plant-based technology to produce vaccines and therapeutic antibodies. Its pharmaceutical business operates a cGMP facility for the production and sale of Paclitaxel and related drugs and provides technical services through its contract research organization. Further information is available at www.iBioPharma.com
Statements included in this release related to Integrated BioPharma, Inc. may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand, and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential risk factors that could affect the Company's financial results can be found in the company's Reports filed with the Securities and Exchange Commission.
SOURCE Integrated BioPharma Inc.
Dina Masi, CFO, Integrated BioPharma, Inc., 1-888-319-6962, d.masi@ibiopharma.com
http://www.prnewswire.com
Should n't you be on the casino floor?
Vical and AnGes sign deal on cancer treatment
Tue May 30, 2006 7:43 AM ET
http://yahoo.reuters.com/stocks/quotecompanynewsarticle.aspx?storyId=urn:newsml:reuters.com:20060530...
INB -Integrated BioPharma's Wholly-Owned Subsidiary, AgroLabs, Reports Another Product Launch in South Korea and Increased Business in Its Asian Markets
PR Newswire - May 26, 2006 14:39
HILLSIDE, N.J., May 26, 2006 /PRNewswire-FirstCall via COMTEX/ -- AgroLabs, Inc., a wholly- owned subsidiary of Integrated BioPharma, Inc. (Amex: INB), began selling its proprietary AgroLabs Thai Mangosteen healthful juice supplement at Costco Wholesale Corporation warehouses throughout South Korea in May 2006.
"The Asian countries have proven to be an important market for AgroLabs. We have experienced an increase in sales of more than 30% over the past 12 months, reflecting wide acceptance of our healthful juice supplements throughout the region," says Kurt E. Cahill, Chief Operating Officer of AgroLabs. "Based on the increased sales volume of all products to date, we anticipate continued expansion of our line at Costco stores throughout Asia," says Cahill. Costco currently operates 471 warehouses worldwide.
E. Gerald Kay, Chief Executive Officer of INB, added, "AgroLabs continues to expand both domestically and internationally with its liquid, healthful, nutritional products. Our global reach beyond the U.S. now includes Canada, Mexico, Germany, Korea, Japan, Taiwan, United Emirates, Kuwait, Qatar, Oman, Saudi Arabia and Bahrain.
AgroLabs, Inc. distributes and markets healthful nutritional products under the following brands: Naturally Aloe, Naturally Noni, Naturally Pomegranate, Naturally Thai Mangosteen and most recently, Acai Extreme Energy. These products are distributed nationwide through major mass market, grocery, drug and vitamin retailers. Additional information on AgroLabs and its products can be obtained from its website at http://www.agrolabs.com or by calling (817) 410-2140.
About Integrated BioPharma, Inc. (INB)
Integrated BioPharma is a unique grouping of companies presently serving the varied needs of the health care industry. Through its nutraceutical business, the Company creates, develops, manufactures and markets products worldwide. The Company's biotechnology business uses its patented plant-based technology to produce vaccines and therapeutic antibodies. Its pharmaceutical business operates a cGMP facility for the production and sale of Paclitaxel and related drugs and provides technical services through its contract research organization. Further information is available at http://www.iBioPharma.com.
Statements included in this release related to Integrated BioPharma, Inc. may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand, and the company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential risk factors that could affect the Company's financial results can be found in the Company's Reports filed with the Securities and Exchange Commission.
SOURCE Integrated BioPharma, Inc.
INB 2 good news in 2 days ..
Integrated BioPharma's Wholly-Owned Subsidiary, AgroLabs, Reports Another Product Launch in South Korea and Increased Business in Its Asian Markets
PR Newswire - May 26, 2006 14:39
HILLSIDE, N.J., May 26, 2006 /PRNewswire-FirstCall via COMTEX/ -- AgroLabs, Inc., a wholly- owned subsidiary of Integrated BioPharma, Inc. (Amex: INB), began selling its proprietary AgroLabs Thai Mangosteen healthful juice supplement at Costco Wholesale Corporation warehouses throughout South Korea in May 2006.
"The Asian countries have proven to be an important market for AgroLabs. We have experienced an increase in sales of more than 30% over the past 12 months, reflecting wide acceptance of our healthful juice supplements throughout the region," says Kurt E. Cahill, Chief Operating Officer of AgroLabs. "Based on the increased sales volume of all products to date, we anticipate continued expansion of our line at Costco stores throughout Asia," says Cahill. Costco currently operates 471 warehouses worldwide.
E. Gerald Kay, Chief Executive Officer of INB, added, "AgroLabs continues to expand both domestically and internationally with its liquid, healthful, nutritional products. Our global reach beyond the U.S. now includes Canada, Mexico, Germany, Korea, Japan, Taiwan, United Emirates, Kuwait, Qatar, Oman, Saudi Arabia and Bahrain.
AgroLabs, Inc. distributes and markets healthful nutritional products under the following brands: Naturally Aloe, Naturally Noni, Naturally Pomegranate, Naturally Thai Mangosteen and most recently, Acai Extreme Energy. These products are distributed nationwide through major mass market, grocery, drug and vitamin retailers. Additional information on AgroLabs and its products can be obtained from its website at http://www.agrolabs.com or by calling (817) 410-2140.
About Integrated BioPharma, Inc. (INB)
Integrated BioPharma is a unique grouping of companies presently serving the varied needs of the health care industry. Through its nutraceutical business, the Company creates, develops, manufactures and markets products worldwide. The Company's biotechnology business uses its patented plant-based technology to produce vaccines and therapeutic antibodies. Its pharmaceutical business operates a cGMP facility for the production and sale of Paclitaxel and related drugs and provides technical services through its contract research organization. Further information is available at http://www.iBioPharma.com.
Statements included in this release related to Integrated BioPharma, Inc. may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand, and the company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential risk factors that could affect the Company's financial results can be found in the Company's Reports filed with the Securities and Exchange Commission.
SOURCE Integrated BioPharma, Inc.
no vol
I don't like RS and something is wrong with ARTX.I would stay away from it.
Integrated BioPharma's Wholly-Owned Subsidiary, AgroLabs, Introduces Acai Extreme Energy Formula at Costco
PR Newswire - May 25, 2006 09:30
HILLSIDE, N.J., May 25, 2006 /PRNewswire-FirstCall via COMTEX/ -- AgroLabs, Inc., a wholly- owned subsidiary of Integrated BioPharma, Inc. (Amex: INB), announced today that Costco will be selling AgroLabs' proprietary Acai Extreme Energy product at more than 300 Costco wholesale stores throughout the United States beginning June 1, 2006.
Kurt E. Cahill, Chief Operating Officer of AgroLabs, said, "Costco is another strong partner to AgroLabs, which also carries our Naturally Noni, Naturally Pomegranate and Naturally Thai Mangosteen nutritional supplements. The addition of Acai Extreme Energy Formula to our product line offered by Costco is another key element in building and solidifying our relationship with Costco. We continue to work with Costco and our other key customers to cultivate the Company's name recognition as a leading provider of healthful nutritional products."
AgroLabs, Inc. distributes and markets healthful nutritional products under the following brands: Naturally Aloe, Naturally Noni, Naturally Pomegranate, Naturally Thai Mangosteen and most recently, Acai Extreme Energy. These products are distributed nationwide through major mass market, grocery, drug and vitamin retailers. Additional information on AgroLabs and its products can be obtained from its website at http://www.agrolabs.com or by calling (817) 410-2140.
About Integrated BioPharma Inc (INB)
Integrated BioPharma is a unique grouping of companies presently serving the varied needs of the health care industry. Through its nutraceutical business, the Company creates, develops, manufactures and markets products worldwide. The Company's biotechnology business uses its patented plant-based technology to produce vaccines and therapeutic antibodies. Its pharmaceutical business operates a cGMP facility for the production and sale of Paclitaxel and related drugs and provides technical services through its contract research organization. Further information is available at http://www.iBioPharma.com.
Statements included in this release related to Integrated BioPharma, Inc. may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand, and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential risk factors that could affect the Company's financial results can be found in the company's Reports filed with the Securities and Exchange Commission.
SOURCE Integrated BioPharma Inc
SYVC Synovics Pharmaceuticals Completes $21.25 Million Financing, Acquires Kirk Pharmaceuticals; Conference Call to Be Held June 1 at 4:00 p.m. Eastern Time
Business Wire - May 25, 2006 7:00 AM (EDT)
Jump to first matched term
PHOENIX, May 25, 2006 (BUSINESS WIRE) -- Synovics Pharmaceuticals, Inc. (OTCBB:SYVC), a company with proprietary technologies for the development of difficult-to-formulate and controlled-release generic and branded oral drugs, today announced that it has closed a financing raising gross proceeds of $21.25 million. The financing included $4.75 million in convertible debt, $6.0 million in common stock purchased at $4.00 per share by Maneesh Pharmaceuticals PVT of Mumbai, India ("Maneesh") and $10.5 million of five-year debt priced at prime plus one provided by the Bank of India.
Simultaneously with the completion of the financing, Synovics completed the previously announced acquisition of Kirk Pharmaceuticals, LLC, and its affiliated company ANDAPharm, LLC ("Kirk"). Under the terms of the agreement, Synovics purchased 100% of Kirk for $12 million, including $9 million in cash and $3 million in debt. Kirk, a manufacturer of over-the-counter (OTC) and generic drugs based in Ft. Lauderdale, Fla., had revenue of approximately $14.6 million for the fiscal year ended October 31, 2005, up 20% compared with the previous fiscal year.
Ronald Howard Lane, Ph.D., Chairman and CEO of Synovics Pharmaceuticals, stated, "Today's announcements mark a watershed event for our company. The financing funds the acquisition of Kirk, provides capital to accelerate development of our generic drug pipeline, and creates a strategic relationship with Maneesh Pharmaceuticals. We have high expectations for Kirk, not only as a developer and manufacture of our generic and 505(b)(2) drugs, but also in the development and sales of their OTC and prescription products. The new strategic relationship with Maneesh offers many potential R&D, manufacturing and marketing synergies, and we are extremely pleased with their investment in our future."
John S. Copanos, President and COO of Kirk Pharmaceuticals, noted, "Joining forces with Synovics will significantly strengthen Kirk's operating and product capabilities. The addition of Synovics' technology to Kirk will provide proprietary and patented drug manufacturing, increase new product opportunities for growth and support our ongoing efforts to reduce manufacturing costs. We have all worked diligently over the past months to complete this transaction, and I am very enthusiastic about the future of our new company."
Vinay Sapte, Managing Director of Maneesh Pharmaceuticals, commented, "Our investment in Synovics reflects our confidence in their technology and their significant product pipeline, and in the economic potential we believe these assets represent. In addition, we view this as a strategic investment as we believe that Maneesh may provide distribution of Synovics' pharmaceutical products to Europe, Asia and Latin America, where we currently have a strong presence. Additionally, we believe Maneesh offers Synovics access to additional low-cost R&D and manufacturing capabilities we have or are developing in India."
Conference Call
Synovics and Kirk management will host an investment-community conference call Thursday, June 1, beginning at 4:00 p.m. Eastern time (1:00 p.m. Pacific time) to discuss the completion of this financing and acquisition, and to answer questions.
Individuals interested in participating in the conference call may do so by dialing (877) 815-7177 for domestic callers, or (706) 634-1250 for international callers. A telephone replay will be available for 48 hours following the conclusion of the call by dialing (800) 642-1687 for domestic callers, or (706) 645-9291 for international callers, and entering reservation code 9892703.
The live call also will be available via the Internet on the Company's Web site at www.synovics.com. A webcast replay of the call will be available for 14 days following the conclusion of the call.
UDHI Union Dental Adds Thirty New Locations to Its Network of Service Providers
PR Newswire - May 25, 2006 7:00 AM (EDT)
CORAL SPRINGS, Fla., May 25, 2006 /PRNewswire-FirstCall via COMTEX/ -- Union Dental Holdings, Inc. (OTC Bulletin Board: UDHI) - http://www.uniondental.com/ir - a provider of multi-state dental services for union members, announced today it has added 30 new locations and over 100 providers in the New York metropolitan area to its growing network of dental providers. The locations and providers have been added to Union Dental's network as a result of the Company's recently announced agreement with the Communications Workers of America Local 1101 in New York City. Local 1101 is one of the largest CWA locals in the United States. CWA 1101 has over 50,000 insured in the Greater New York City area. Many of these members are employed by such companies as Cingular and Verizon.
Dr. George Green, President and CEO of Union Dental, commented, "I am pleased that we have been able to add these locations in such a short period of time since our announcement of the agreement with Local 1101 only a month ago. I anticipate adding between 1,000 and 2,000 providers to service the needs of these workers in the CWA District 1 areas of New Jersey, Connecticut, Vermont, Rhode Island, New Hampshire, Massachusetts and the New York metropolitan area where we will concentrate in Long Island and the boroughs of Queens, Brooklyn, the Bronx and Staten Island. Securing 30 new locations and over 100 service providers in a short period of time is an excellent start toward meeting our goal of fully developing our network of service providers for Local 1101."
Dr. Green further stated, "Since a portion of our revenues are derived from marketing the services of these providers to the CWA insured, UDHI's revenues should increase as we continue to expand the dental network."
The Communications Workers of America union members represent workers who are employed by BellSouth, Qwest, AT&T, Lucent, General Electric, Verizon, SBC Communications, Avaya and many other varied occupational fields such as public maintenance, food service, flight attendants and law enforcement.
About Union Dental Holdings, Inc., Direct Dental Services, Inc. and Union Dental Corp.
OLEPF - Oromin Explorations Ltd.: Additional Drilling Results from Sabodala
Wednesday May 24, 8:14 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 24, 2006 -- Oromin Explorations Ltd. (TSX VENTURE:OLE.V - News)(Other OTC:OLEPF.PK - News) -
HIGHLIGHTS
- LATERAL AND DEPTH CONTINUITY CONFIRMED AT GOLOUMA SOUTH ZONE
- GOLOUMA SOUTH TRENCH RESULTS INCLUDE 35.29 G/T GOLD OVER 9 METRES
- GOLOUMA SOUTH DRILL RESULTS INCLUDE 6.64 G/T GOLD OVER 23 METRES
- INITIAL MASATO DRILLING RESULTS INCLUDE 1.83 G/T GOLD OVER 39 METRES AND 7.46 G/T GOLD OVER 9 METRES
Oromin Explorations Ltd. is pleased to report the results from an additional seven drill holes on its Sabodala Property in eastern Senegal. Oromin has now completed nineteen drill holes at the target areas selected for the initial drilling evaluation and has results for twelve drill holes, five of which have previously been announced. The attached map shows the general location of these drill holes.
The target areas evaluated by these initial nineteen drill holes are the Niakafiri South area, the Masato area and the three zones within the broad Golouma gold geochemical anomaly. Results are pending for three additional holes at the Golouma South Zone and four holes recently completed at the Golouma West Zone, where drilling continues. Oromin's consulting geologists noted the presence of visible gold during the logging of the core from two of these pending holes at Golouma South (DH-14 and DH-15) and two of the pending holes from Golouma West (DH-16 and DH-17).
Golouma Area
Golouma
South
VSTL Vistula Communications Chosen by Protel i-Next to Increase its VoIP & IP Centrex Offerings in Mexico
PR Newswire - May 25, 2006 7:00 AM (EDT)
Vistula's V-Cube(TM) Selected for its Scalability, Manageability and Feature Set
NEW YORK, May 25, 2006 /PRNewswire-FirstCall via COMTEX/ -- Vistula Communications Services, Inc. (OTC Bulletin Board: VSTL), a leading enabler of next-generation managed Voice over Internet Protocol (VoIP) services today announced that Protel i-Next, a leading Mexican telecommunications and Internet service provider, has selected Vistula's V-Cube(TM) IP-PBX VoIP solution to support some of its VoIP & IP Centrex offerings in Mexico. Combining the latest in advanced features with competitive pricing, Protel i-Next's Vistula-powered solutions are expected to launch during the second half of 2006.
"By using Vistula for some of our new VoIP & IP Centrex offerings, we can provide our customers with significant savings on their domestic and international long distance phone calls," said Alejandro Pineda Mathus, Director of Marketing and Technology, Protel i-Next. "We chose Vistula's V-Cube IP PBX technology as the platform for these products for its scalability, low cost of entry and advanced features."
"We're pleased to be chosen by Protel i-Next, one of the leading telecommunications companies in Mexico," said Rupert Galliers-Pratt, Executive Chairman, Vistula Communications. "This latest customer contract further validates our position as a leading hosted VoIP platform. Vistula's V-Cube technology keeps our customers ahead of the competition by providing a cost-effective VoIP solution that scales to support large numbers of users."
Protel i-Next serves over 150 cities throughout Mexico with a strong customer base consisting of Mexico's leading call centers, cable operators, corporate accounts and small and medium sized enterprises (SMEs), including banks, government agencies and public and private institutions. It operates one of Mexico's largest international long-distance gateways and has license to carry telecom traffic to the U.S., Mexico, Central America and the rest of the world.
Vistula's V-Cube(TM) platform provides a comprehensive range of VoIP applications, including VoIP, IP Centrex, Voice, Video, Conferencing, Call Center, IVR, Multi/Sub-Domain services fully integrated into a single hosted communications platform. V-Cube is uniquely capable of providing these applications with the reliability, redundancy, scalability and regulatory capabilities required to deliver carrier-class service.
About Protel i-Next
Protel i-Next, one of Mexico's leading long-distance companies, was founded in 1995. Protel provides long-distance services to commercial customers throughout Mexico, operates one of the country's largest international long-distance gateways and has licenses to carry telecom traffic to the US, Mexico, Central America and the rest of the world. Protel i-Next has its own national fiber optic IP Network. Protel i-Next currently serves over 150 cities in Mexico. Protel i-Next has offices in the major cities of Mexico and an international office in Dallas, Texas. Protel i-Next can be found on the Internet at www.protel.net.mx.
NWO ,I'm long ZVXI.PACT,INB ,pxhb..and some shorts (med,fmcn).No margin though.I still have plenty of cash but not buying anything unless it 's a swing trade like LMIA and PWEI or shorts.
market can't get any traction.slip and slide in the mud,lol.
if we can get the market to coop then maybe we'll make some money too,lol.
Nice trade Bro
VG -NOW, I think it's way over price.Most folks like myself love to have the phone bundle up with cable on one bill plus they gave us a discount if we'd subscribe the premium package it came out to like $14 a month.
ACLO ACL Semiconductors, Inc. Renews Agreement with Samsung
Business Wire - May 24, 2006 7:30 AM (EDT)
HONG KONG, May 24, 2006 (BUSINESS WIRE) -- ACL Semiconductors, Inc. (OTCBB:ACLO) is pleased to announce the recent signing of a license renewal agreement with Samsung HK. The license agreement, which has been renewed annually since 1993, entitles the company to distribute Samsung-branded memory components to Original Equipment Manufacturers (OEM) assembly plants in Hong Kong and southern China. Amongst the many types of Samsung memory components distributed by the company such as DRAM, SRAM and Mask Rom for mainly the PC market, the company also distributes the latest Samsung-branded NAND Flash memory chips commonly used in digital and video cameras, cell phones and other popular consumer electronics.
"Samsung HK is the largest memory chip manufacturer in the world," stated CEO Alan Yang. "This marks the 13th consecutive year of the renewal of our license agreement together. The agreement underscores a solid working relationship that has helped foster our revenue to soar in excess of one hundred million dollars annually. As Samsung develops the next generation of memory components, they can depend on us to be one of their largest distributors in Asia. Since 1993 we have shared the vision with Samsung and have built our competitive market share by developing and distributing state-of-the-art memory and flash products," he concluded.
It is important to note that ACL Semiconductor is not just a standard reseller for Samsung Memory products. ACL has been a "total solution provider" for Samsung and its end users for many years. ACL has and will continue to hire engineers to assist in the development of the best-of-breed memory solutions for their own customers and those of Samsung.
Yang continued, "While we expect Samsung to be a big part of our future, given the recent surge in Flash Memory, DRAM and DDR markets, other memory manufacturers are approaching us to explore how we can help them achieve similar success within Asia."
About ACL Semiconductors, Inc.
ACL has been a leading distributor of Samsung and other memory chip products, including DRAM, Flash, SRAM and Mask ROM products, for the Hong Kong and southern China markets since 1991, and has achieved annual sales in excess of one hundred million dollars since 2004. ACL Semiconductors has been in business in Asia for the past 15 years and, during that time, has evolved as an integral part of southern China's development while serving the OEM and ODM manufacturing base for mobile phones, PDAs, digital cameras, laptop computers, MP3 players and other consumer electronics worldwide. The company has more than 200 customers in Hong Kong and southern China. ACL Semiconductors, Inc. trades on the OTCBB under the symbol "ACLO."
About Samsung HK
Samsung HK is one of the world's largest semiconductor manufacturers; Samsung is also South Korea's top electronics company. It makes many kinds of consumer devices, including DVD players, big-screen televisions, and digital cameras, computers, color monitors, LCD panels, and printers. It also manufactures semiconductors such as DRAMs, SRAMs, and flash memory, and communications devices ranging from wireless phones to networking switches.
Safe Harbor Act Notice
This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the company's products, general acceptance of the company's products and technologies, competitive factors, timing, and other risks described in the company's SEC reports and filings. Third-party statements contained herein and information contained on any third-party Web site are not endorsed by or adopted by ACL Semiconductors, nor have ACL Semiconductors or its affiliates verified their accuracy.
An online investor kit, including press releases, stock charts, current price quotes, and other valuable information, may be found at http://www.foothillsgroup.com.
OYSM Alltel Launches Oasys Mobile's Fun New Twist on ''Crazy 8's''; More than 10 million wireless subscribers can experience a fresh take on the classic family game, complete with new animated features and personalization options
RALEIGH, N.C.--(Business Wire)--May 24, 2006--
Oasys Mobile, Inc. (OTCBB: OYSM), a leading provider of
premium mobile media content, products and services, today announced
that Alltel (NYSE: AT) will begin offering its "Crazy 8's" mobile card
game to more than 10 million wireless customers. Oasys Mobile's
version of "Crazy 8's" is designed with a powerful new engine and
interactive graphics and sounds to give users a creative and fun
wireless experience.
According to a recent report from M:Metrics, a mobile market
measurement authority, Oasys Mobile is one of the top mobile gaming
companies in market share. Oasys Mobile has a long history of working
with premium content providers to create and deploy popular branded
gaming titles including UNO(R) Challenge, Texas Hold'em by Phil
Hellmuth, Secrets of Hold'em with Howard Lederer and Kentucky Derby(R)
Championship Racing.
The launch of "Crazy 8's" on the Alltel network marks the first
original non-branded content game developed by Oasys Mobile and
creates a direct new revenue stream for Oasys. The game will be
available to Alltel customers on the Axcess(SM) service through a
subscription basis for $2.49 a month and through Oasys Mobile's mobile
lifestyle portal at www.OasysMobile.com.
Oasys Mobile's "Crazy 8's" stays true to the original "Crazy 8's"
card game that has entertained generations and adds the following new
mobile twists:
-- "Game Stats" let users keep track of how well they are doing
at any time
-- Single player and hot seat multiplayer options
-- Players can pick their own "personas" with one of five
character options
-- Game characters express facial expressions and animations when
good and bad things happen like winning a hand, being skipped,
reversed or forced to draw two cards
-- Multiple skill level options
-- Animated game-win celebration and game-loss screens
-- Playing tips and tricks and control features let users quickly
get in the game
"Oasys Mobile is focused on giving consumers the applications they
want to personalize their mobile experiences and support their mobile
lifestyles," said Gary Ban, CEO of Oasys Mobile, Inc. "We are uniquely
positioned to reach new customers and generate revenue through carrier
relationships, content partnerships and our consumer mobile lifestyle
portal, OasysMobile.com. The creation of our own Oasys Mobile branded
game is yet another way we will leverage our mobile industry expertise
to bring fresh new content to the mobile market."
About Oasys Mobile, Inc.
Oasys Mobile, Inc. is a leading provider of premium mobile media
content, products and services distributed through OasysMobile.com and
top-tier wireless carriers in the U.S. and abroad. Oasys Mobile is
uniquely positioned to give consumers the ability to manage their
mobile lifestyle by delivering a breadth of offerings including
OasysMobile.com, a leading-edge mobile lifestyle portal that is
changing the way teens and young adults buy, own and keep their mobile
content. Oasys Mobile also develops, publishes and distributes more
than 30 branded mobile applications in all major categories, from
personalization and games to messaging and entertainment. The Oasys
Mobile white-label services give carriers and content companies access
to an exciting new venue which will extend their mobile offerings
off-deck and reach new customers.
Whether it's OasysMobile.com, the branded mobile products or the
white-label service offerings, Oasys Mobile is Wireless Refreshment
INSQ/GSHF INSEQ Executes Agreement to Acquire GreenShift's Clean Energy Companies; Company to Change Name to GS Energy Corporation
NEW YORK--(Business Wire)--May 24, 2006--
INSEQ Corporation (OTC Bulletin Board: INSQ) today
announced its execution of agreements with GreenShift Corporation (OTC
Bulletin Board: GSHF), INSEQ's majority shareholder, to acquire
GreenShift's stakes in Sterling Planet, Inc., TerraPass, Inc., as well
as GreenShift's various pre-revenue clean energy project development
companies.
Pursuant to the acquisition agreement, INSEQ agreed to acquire
GreenShift's stakes in Sterling Planet and TerraPass and 100% of the
issued and outstanding stock of GreenShift's newly formed pre-revenue
clean energy project development companies, GS Solar, Inc., GS Wind,
Inc., GS Hydro, Inc., and GS Wave, Inc., in return for 450,000 shares
of INSEQ's Series C Preferred Stock. These shares are in addition to
GreenShift's existing 80% stake in INSEQ. Shares of INSEQ's Series C
Preferred Stock have a face value of $1.00 per share and are
convertible into INSEQ common stock at the rate of $0.01 per common
share.
INSEQ will change its name to GS Energy Corporation in conjunction
with the closing of this acquisition, which is scheduled for on or
before June 30, 2006.
"The acquisition of these clean energy companies marks a shift in
INSEQ's business model to clean energy production and sales," said
Kevin Kreisler, INSEQ's chairman and chief executive officer.
"Sterling Planet is the nation's leading retail provider of renewable
energy certificates, or Green Tags. They are also forging new and very
exciting ground with their sales of energy efficiency certificates, or
White Tags(TM). We intend to invest aggressively in the sales growth
of both Green Tags and White Tags."
Kreisler added: "We also plan to directly develop clean energy
production projects, with an emphasis on distributed solar, wind,
hydro and wave power projects, and we intend to rely on our existing
manufacturing division to provide infrastructure support services for
these projects in addition to this division's current clean technology
manufacturing business. We are very excited by this transaction."
About Sterling Planet, Inc.
Sterling Planet is the nation's leading retail provider of solar,
wind and other clean, renewable energy through direct sales and
electric utility partnerships. Sales to date have created
environmental benefits comparable to not driving 7 billion miles or
taking 550,000 cars off U.S. roads. Founded in 2000, Sterling Planet
was the first company to offer Renewable Energy Certificates to every
U.S. home and business and is now introducing Energy Efficiency
Certificates, or White Tags(TM) to the U.S. market. Individuals,
businesses and organizations of all types turn to Sterling Planet.
Today, Sterling Planet has 28 utility partners nationwide in
Connecticut, Florida, Massachusetts, New Jersey, New York, Rhode
Island and elsewhere.
Sterling services an impressive array of clients including Alcoa,
The Coca-Cola Company, DuPont, Delphi Corporation, Duke University,
University of Utah, Nike, Pitney Bowes, U.S. Environmental Protection
Agency, the U.S. General Services Administration, the Homeland
Security Department, Western Area Power Administration, New York State
Energy Research and Development Authority (NYSERDA), the U. S. Army,
the U.S. Air Force, Staples, Whirlpool Corporation, the World
Resources Institute and over 150 other environmentally friendly
companies.
Sterling recently announced the launch of a new leading-edge White
Tags(TM) energy trading program that encourages and rewards efficient
use of electricity. Sterling Planet is pioneering the U.S. market for
energy efficiency credits, otherwise known as White Tags(TM), or EECs,
which represent 1 MWh (megawatt hour) of electricity savings.
White Tags(TM) are the latest energy trading certificates to hit
the market and trade much like renewable energy credits ("RECs"), or
Green Tags. But unlike RECs, which are tied to creating and delivering
renewable power and are measured by meter readings (1 REC also
represents 1 MWh), White Tags are determined through precise
calculations of energy savings derived from conservation measures. To
this end, Sterling Planet has developed state-of-the-art technology
with advanced mathematical techniques and neural network algorithms to
establish accurate (greater than 99.9%), scalable and cost-effective
processes for the measurement, verification and certification of White
Tags(TM).
More information on Sterling Planet is available at
www.sterlingplanet.com.
Market is in the toilet again.
VPER I'm not in .
Viper Networks, Inc. Rated 'Speculative Buy,' Target $.60 by Beacon Equity Research
Business Wire - May 23, 2006 12:12
DALLAS, May 23, 2006 (BUSINESS WIRE) -- Viper Networks, Inc. (OTC: VPER) has been rated "Speculative Buy," with a price target of $.60 by Beacon Equity Research. The report is authored by Senior Research Analyst, Kris Goldcross, CFA.
The full report is available at http://www.beaconequityresearch.com
In the report Mr. Goldcross writes, "Viper Networks operates in the competitive and rapidly growing IP telephony industry. The company currently faces competition from a large number of companies including iConnectHere, Net2Phone, Vonage, Vocaltec (Nasdaq: VOCL), Cisco Systems, Packet8 (Nasdaq: EGHT), Voip Inc. (OTCBB: VOII), and Newmarket Technology (OTCBB: NMKT)."
"Currently, the stock trades at a P/S multiple of 1.4x, while similar publicly-traded companies are trading at an average P/S multiple of 6.0x. By applying a conservative P/S multiple of 5.5x to the expected future revenues of Viper Networks, the stock would be fairly valued at $0.60."
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Viper Networks, Inc. (VPER). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. A principal of Beacon Equity Research is also a principal of Pasadena Capital Partners (PCP), an investor relations firm for VPER which has received 2,000,000 restricted rule 144 shares directly from VPER for services as well as 700,000 free trading shares from a non-controlling third-party. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. PCP currently holds no free trading shares. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
Anyone interested in receiving alerts regarding Viper Networks, Inc. research
PACT i'm holding my shares.I think they will let it run once they got all their shares.IMO
PacificNet iMobile Partners With Nokia to Provide Online E-Commerce Distribution in China
PR Newswire - May 23, 2006 12:40
- PacificNet iMobile to become the Sole Authorized Service Provider for Nokia's Official Online Store in China
BEIJING, May 23, 2006 /Xinhua-PRNewswire via COMTEX/ -- PacificNet Inc. (Nasdaq: PACT), a leading provider of Customer Relationship Management (CRM) and telemarketing services, call center, Direct Response Television (DRTV) and Value-Added Services (VAS) in China, announced today that its subsidiary PacificNet iMobile has become the sole authorized service provider of Nokia (NYSE: NOK) for its official Nokia Online Store (http://www.shop.nokia.com.cn) in China.
Nokia's Online Store is an online shopping platform granted by Nokia Corporation and operated by PacificNet iMobile. It was developed to provide an extraordinary one-stop shopping experience for Chinese consumers.
In the cities with distribution centers, logistics personnel will deliver the goods door-to-door for free within three business days while in other regions without distribution centers, EMS will be used and no fees will be charged. In most cases, the goods will be shipped the day after payment receipt and will reach the customer within 3-5 days. iMobile's customer service is just a phone call away and will help solve any problems encountered on site.
PacificNet iMobile's distribution center, logistics chain and customer service center covers 40 cities in 21 provinces to provide convenience and a high quality of service to their customers. They include Beijing, Shanghai, Chongqing, Tianjin, Chengdu, Dalian, Qingdao, Guangzhou, Shenzhen, Zhuhai, Dongguan, Hangzhou, Ningbo, Wenzhou, Nanjing, Wuhan, Xi'an, Harbin, Qiqihaer, Henan and Changsha.
Zhang Wei, General Manager of PacificNet iMobile, stated, "We are proud to partner with Nokia, the world leader in mobile communications, to provide Nokia's official online store and to serve an important role in enhancing Nokia's customer relationship management (CRM) in China. Our iMobile distribution centers are operating under strict guidelines and workflow process control to ensure that all of the mobile products purchased contain the authentic trademark and licenses of Nokia, thus preventing the customers from purchasing counterfeit products or cross-channel imports. PacificNet iMobile's high service standard and quality track record allows us to further protect legitimate rights and interests of our consumers."
"We believe the opportunity with one of the largest and most widely recognized communications providers in the world is substantial," said Victor Tong, President of PacificNet. "iMobile has demonstrated the ability to support a wide range of online and offline marketing initiatives, and with the growing demand for communications services in China we feel the potential to generate strong revenue from this relationship is significant."
About Nokia
Nokia (NYSE: NOK) (http://www.nokia.com) is the world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices, and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations.
About PacificNet iMobile
iMobile (http://www.imobile.com.cn and http://www.18900.com) is the leading internet e-commerce distributor of mobile products in China. They provide Internet, email, customer service centers, pre and post-sale services, logistics and cash-on-delivery (COD) services to mobile related consumers in China. iMobile's 18900.com e-commerce operations combine online internet services with its offline customer services network composed of a nationwide chain of logistic and customer service centers covering 21 provinces and 40 major cities in China, including Beijing, Shanghai, Chongqing, Tianjin, Chengdu, Dalian, Qingdao, Guangzhou, Shenzhen, Zhuhai, Dongguan, Hangzhou, Suzhou, Ningbo, Wenzhou, Nanjing, Wuhan, Xian, Harbin, Qiqihaer, Hunan, Changsha, etc. iMobile has developed into the largest online mobile phone selling company and has partnered with Sina, Netease, China.com, joyo.com, and 263.net on e-commerce cooperation. iMobile's 18900.com operation is the designated Internet distributor for Motorola, Nokia, and NEC's mobile products in China.
About PacificNet
PacificNet Inc. (http://www.PacificNet.com), through its subsidiaries, invests in and operates companies that provide outsourcing and Value-Added Services (VAS) in China, such as call centers, telemarketing, direct response television (DRTV) marketing, CRM, interactive voice response (IVR), mobile applications, and communications product distribution services. PacificNet's clients include the leading telecos, banks, insurance, travel, marketing, and business services companies, and telecom consumers, in Greater China. PacificNet's corporate clients include China Telecom, China Mobile, Unicom, PCCW, Hutchison Telecom, Bell24, SONY, TCL, Huawei, American Express, Citibank, HSBC, Bank of China, Bank of East Asia, DBS, TNT, and Hong Kong Government. PacificNet employs over 2,300 staff in its various subsidiaries throughout China with offices in Hong Kong, Beijing, Shenzhen, Guangzhou, and branch offices in 26 provinces in China, and is headquartered in Minneapolis USA and Hong Kong.
PacificNet Communications Limited ("PacCom"), incorporated in Hong Kong, is a wholly owned subsidiary of PacificNet that specializes in the distribution of communications products and telecom related services in Hong Kong and Greater China.
Safe Harbor Statement
This Company's announcement contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Potential risks and uncertainties include, but are not limited to, PacificNet's historical and possible future losses, limited operating history, uncertain regulatory landscape in China, fluctuations in quarterly operating results. Further information regarding these and other risks is included in PacificNet's Form 10K and other filings with the SEC.
Contact:
PacificNet USA office: Jacob Lakhany, Tel: +1-605-229-6678
PacificNet Beijing office: Ada Yu, Tel: +86 (10) 59225000
Rm. 2303, 23/F, Tower A, TimeCourt, No.6 Shuguang Xili,
Chaoyang District, Beijing, China 100028
investor@pacificnet.com
or CEOcast, Inc. for PacificNet
Ed Lewis, 212-732-4300
GPNS GPS Industries Reports Results of First Quarter
Market Wire - May 23, 2006 6:38 AM (EDT)
VANCOUVER, BC -- (MARKET WIRE) -- May 23, 2006 -- GPS Industries, Inc. (GPSI) (OTCBB: GPSN), the leading innovator of Wi-Fi enabled GPS communications for golf facilities and residential communities, today released their Q1 Financial Statements. While the document reports a decrease in revenue for the first quarter of 2006 as compared to the same period of 2005, the company is maintaining its earlier guidance for 2006 sales, projecting an annual increase in sales over 2005.
"The anomaly we're reporting in our Q essentially represents a timing difference between sales contracts signed but not yet installed," explains GPSI President & CEO Bob Silzer. "On the heels of a 266% revenue jump in '05 we increased funding to our R&D team. That investment has quickly paid off with some remarkable enhancements to our microcontroller board. These enhancements further our technological advantage in the industry yet, at the same time, necessitated a pause in new installations."
The company is confident that it will remain on track to deliver on earlier sales projections. "We knew we would have to introduce this pause at some point," continues Silzer, "and since better technology is what we promise our customers we chose to make the enhanced system available sooner rather than later."
The Q1 financials reflect substantial non-cash activity. "Obviously we are continuing to innovate and improve our technology and there are costs associated with that," says Silzer. "But much of the negative elements are actually non-cash. In our last 10-KSB we took a $6.4-million dollar hit from a derivative liability and that has resulted in a $1.3-million write-back to other income in our Q1 filing."
The company remains pleased with its sales trend, as Silzer concludes: "Based on the run rate of new sales contracts signed and at various stages in the pipeline, we expect to see revenue growth through the end of '06, with continued reductions to our cost-of-goods sold over time.''
GPS Industries, Inc. (OTCBB: GPSN) is the leading innovator of Wi-Fi enabled GPS systems for golf facilities and residential communities. The company's patented INFOREMER™ GPS Golf Management System provides precise GPS distance information, a Wi-Fi communications network with asset tracking capabilities, augmented by a powerful suite of operations management tools and revenue-generating modules. Central to the system's functionality are the choice of full color cart-mounted and/or portable handheld display units, which have been recognized for their remarkably vivid graphics and visual impact. For additional information on GPSI and the INFOREMER™ GPS Golf Management System, please visit www.gpsindustries.com
Forward-Looking Statements
FSRT FreeStar Technology Reports Revenue Rises 19% In Third Quarter of 2006, Ended March 31
PR Newswire - May 23, 2006 5:30 AM (EDT)
Transactions Processed Climbs 18% to 4.07 Million Highlights of Third Quarter, Ended March 31 - Revenue rose more than 19% to $494,296 from third-quarter 2005 - Transactions processed climbed 18% to 4.07 million from 3.45 million a year ago Highlights of Nine Months, Ended March 31 - Revenue increased more than 39% to $1.67 million from $1.20 million in the same period a year ago - Transactions processed advanced more than 15% to 13.8 million from 11.5 million in the prior nine-month period
DUBLIN, Ireland, May 23, 2006 /PRNewswire-FirstCall via COMTEX/ -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT), an international card payments processor and technology company, today reported its financial results for the third quarter of its 2006 fiscal year, ended March 31, 2006.
Revenue in the period rose more than 19% to $494,296 from $412,778 in the comparable period of fiscal 2005. The company explained that the revenue gains reflect an increase in fees obtained from development and consulting services as well as processing fees generated by the company's subsidiary Rahaxi Processing Oy.
The number of transactions processed increased 18% to 4.07 million during the quarter from 3.45 million during the comparable period of the prior year.
Net loss for the period narrowed 65% to $2,216,696, or $0.01 per share from $6,413,501 million or $0.08 per share a year ago. FreeStar Technology President and CEO Paul Egan said, "We are pleased to report another quarter of steady progress in operations and in executing our business strategy. Operationally, sales and volume continue to grow, and we reduced our quarterly losses by 65% compared to the comparable quarter of last year."
"Strategically," he added, "we strengthened our balance sheet significantly during the quarter. Moreover, we achieved a significant technological advance, when Rahaxi Processing obtained EMV-Certification for its Rahaxi-OTM(TM) software."
"To maintain our strong technological advantages, we invested 29% more in product development in the quarter, spending $457,000 on software development and acquisition, up from $326,000 during the comparable quarter of the prior year," he said.
For the nine months, ended March 31, 2006, revenue increased more than 39% to $1.67 million from $1.20 million reported for the nine months ended March 31, 2005. The number of transactions processed gained more than 15% to 13.3 million from 11.5 million recorded in the nine months ended March 31, 2005. Egan said, "We are excited about the coming fiscal year, believing that we are very well positioned to continue to execute our business plan."
Other significant developments during the quarter:
* The Company agreed to terms for $9.2 million in financing with a group
of European investors;
* The Company signed a private placement agreement to secure $10 million
in financing from Svensk Kredit och Finans AB, based in Stockholm,
Sweden; and
* The company's Rahaxi Processing Subsidiary achieved EMV-Certification
for its Rahaxi-OTI(TM) (Open Terminal Interface) Middleware Solution.
ABOUT FREESTAR TECHNOLOGY CORP.
FreeStar Technology Corp. is a payment processing company. Its wholly owned subsidiary Rahaxi Processing Oy., based in Helsinki, has a robust Northern European BASE24 credit card processing platform. Rahaxi currently processes in excess of 1.35 million card payments per month for such companies as Finnair, Ikea and Stockman. The company, based in Dublin, Ireland, maintains satellite offices in Santo Domingo, Dominican Republic, Helsinki and Geneva. For more information, please visit http://www.freestartech.com
Forward Looking Statements: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The companies caution that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in FreeStar's Form 10-KSB filing and other filings with the U S. Securities and Exchange Commission (available at www.sec.gov). FreeStar undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.
For more information, please contact:
Investor Relations:
Arun Chakraborty
Stern & Co.
Telephone: 212-888-0044
achakrab@sternco.com
or
Paul Egan
FreeStar Technology Corporation
Telephone: 809-368-2001
pegan@freestartech.com
SOURCE FreeStar Technology Corp.
Arun Chakraborty of Stern & Co., +1-212-888-0044, achakrab@sternco.com, for
FreeStar Technology Corp.; or Paul Egan of FreeStar Technology Corporation,
+1-809-368-2001, pegan@freestartech.com
NXG - Northgate Minerals Corporation Announces Offer For All Outstanding Shares Of Aurizon Mines Ltd.
Tuesday May 23, 6:30 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 23, 2006 -- Northgate Minerals Corporation (TSX:NGX.TO - News)(AMEX:NXG - News) announced today that, together with a wholly-owned subsidiary, it will make an offer to acquire all the outstanding shares of Aurizon Mines Ltd. (TSX: ARZ, AMEX: AZK). Aurizon shareholders will be offered 0.741 of a Northgate common share for each Aurizon common share, which implies an offer price of Cdn$3.00 per share (based on Northgate's May 19, 2006 closing price on the TSX of Cdn$4.05). The offer represents a premium of 30.5% over the May 19, 2006 closing price of Aurizon's shares on the TSX.
OFFER HIGHLIGHTS
- The proposed business combination will create a leading Canadian focused, mid-tier, gold miner with a market capitalization of more than US$1 billion, strong cash flow, proven operating expertise, large resource base and exciting growth prospects.
- Aurizon shareholders will receive 0.741 of a Northgate share for each Aurizon share, which implies an offer price of Cdn$3.00 per share (based on Northgate's May 19, 2006 closing price on the TSX of Cdn$4.05).
- The offer price represents a substantial premium of 30.5% based on Aurizon's and Northgate's May 19, 2006 closing prices on the TSX and a 30.5% premium based on the volume weighted average closing prices of Aurizon's and Northgate's common shares over the last 10 trading days on the TSX.
- Northgate's solid balance sheet and the substantial free cash flow generated by the Kemess South mine will backstop the commissioning of the Casa Berardi mine and provide financial flexibility going forward.
- The transaction is expected to benefit shareholders of both companies by creating a combined entity with two operating mines, a variety of near term organic growth opportunities within three Canadian mining camps and the financial capability to bring these opportunities into production.
Ken Stowe, Northgate's President and CEO stated; "The offer that we will make in the coming days provides significant value to Aurizon's shareholders by providing them with a substantial premium to Aurizon's closing share price on May 19, 2006. In addition, Aurizon shareholders will have the opportunity to participate in a much larger gold mining company with a diversified Canadian asset base, including two operating gold mines, annual gold production of close to half a million ounces, and the financial capability to develop a variety of additional gold mining projects over the next few years. The combination of Northgate and Aurizon will result in a Canadian gold mining company with demonstrated management and operating expertise in both open pit and underground mining and provide both Northgate and Aurizon shareholders with an excellent platform for continued value creation."
OVERVIEW OF THE COMBINED COMPANY
The combination of Northgate and Aurizon will create a leading mid-tier gold producer with two producing gold mines in Canada and a market capitalization exceeding US$1 billion. The New Northgate will have the management expertise and financial capability to efficiently fund current development projects and capitalize on other growth opportunities.
Production: The New Northgate will have estimated production for 2007 of approximately 480,000 ounces of gold and approximately 84 million pounds of copper from the Kemess South mine and the Casa Berardi mine.
Reserves and Resources: The New Northgate will have 6.7 million ounces of proven and probable gold reserves, 3.9 million ounces of measured and indicated resources and 2.2 million ounces of Inferred Resources based on the respective 2005 year-end figures of Northgate and Aurizon's feasibility study for Casa Berardi. The New Northgate will also have proven and probable copper reserves of 1.8 billion pounds, with an additional 0.9 billion pounds of copper in the measured and indicated category as at December 31, 2005.
Growth Opportunities: Northgate currently has two advanced Canadian development projects, the Kemess North project in north-central British Columbia and the Young-Davidson project in Northern Ontario. Kemess North is currently in the permitting process. A surface-based diamond drilling program is in progress at Young-Davidson and in April 2006 Northgate accelerated the development of the property by committing funds to design and permit an advanced underground exploration program. With the addition of the strong development and operating team at the Casa Berardi mine, the New Northgate will be well positioned to develop future growth opportunities.
Operating Expertise: Northgate has one of the most experienced operating teams in the business and with the addition of the Casa Berardi operating team the New Northgate will be well positioned to capitalize on other exciting growth opportunities.
Low Cost Operator: Based on estimates published by Aurizon, the New Northgate will have an average net cash cost of production of approximately US$141 per ounce during 2007 based on a copper price of US$1.75 per pound (currently the copper price on the London Metal Exchange is in excess of US$3 per pound). This would place the New Northgate in the lower quartile of world gold producers.
Financial Flexibility: Based on unaudited financial statements of both companies as at March 31, 2006 the New Northgate will have net cash of US$70.2 million. Following closing of the transaction the robust balance sheet and strong cash flow of the combined entity will provide maximum financial flexibility.
DETAILS OF THE OFFER
Full details of the offer will be included in the formal offer and take-over bid circular to be mailed to Aurizon shareholders. Northgate will formally request a list of Aurizon's shareholders shortly and expects to mail the take-over bid documents to Aurizon shareholders as soon as possible following receipt of the shareholders list. The offer will be open for 35 days following the date of mailing. The offer will be subject to certain conditions of completion, including receipt of all necessary regulatory clearances, absence of material adverse changes, waiver of, or inapplicability of, Aurizon's Shareholder's Rights Plan and acceptance of the offer by Aurizon shareholders owning not less than 75% of Aurizon common shares on a fully-diluted basis. Once the 75% acceptance level is met, Northgate intends and expects, but is not required, to take steps to acquire all outstanding Aurizon common shares.
Northgate and a wholly-owned subsidiary of Northgate will offer to purchase Aurizon shares on a joint basis in order to obtain favourable Canadian and United States tax treatment, both for Aurizon shareholders and Northgate. Eligible holders will be able to tender their Aurizon shares to Northgate for the purpose of achieving a tax-deferred rollover for Canadian federal income tax purposes. Other shareholders who elect to participate in the offer will be required to tender to Northgate's subsidiary. Following successful completion of the offer, Northgate intends to take all necessary steps to amalgamate Aurizon with Northgate's subsidiary in which case Aurizon shareholders who have not tendered their shares to the take-over bid would receive Northgate shares directly from Northgate in exchange for each Aurizon share held. The acquisition by Northgate of all of the Aurizon shares in exchange for Northgate shares through the combination of this offer and the subsequent amalgamation is intended to be classified as a "tax-free reorganization" for United States tax purposes.
Northgate's financial advisor is TD Securities Inc. and its legal advisors are Fraser Milner Casgrain LLP in Canada and Hogan & Hartson LLP in the USA.
Conference Call and Webcast
You are invited to participate in the Northgate Minerals Corporation (TSX: NGX, AMEX: NXG) live conference call and webcast to discuss the offer for Aurizon Mines Ltd. The call and webcast will take place on Tuesday, May 23, 2006, at 10:00 am EST. Northgate's presentation package for the conference call will be uploaded for the webcast on the morning of May 23 and posted on Northgate's web site at www.northgateminerals.com under Investor Relations - Presentations page.
Webcast:
To view the webcast, go to www.northgateminerals.com and follow the link on the home page that says "webcast". Before viewing the webcast, please ensure that your system meets the minimum system requirements and that you have installed Windows Media Player. If you do not have high-speed internet access, please download the PDF version of the presentation package and follow along with the audio broadcast.
Teleconference:
You may participate in the Northgate Conference Call by dialing 416-695-9753 or toll-free in North America by dialing 1-877-888-3490. European callers may participate toll-free by dialing 800-4222-8835. European callers will need to dial the International Access Code prior to dialing the toll-free number in order to join the call. European participants must call their local operator to find out what the International Access Code they must dial. To ensure your participation, please call five minutes prior to the scheduled start of the call.
The archived teleconference may be accessed by dialing 1-888-509-0081 or 416-695-5275, and entering pass code 622614. For European callers, only the archived webcast will be available. Please follow the instructions on Northgate's website for access. The conference call will be available for replay until June 6, 2006.
Note to Security Holders:
This news release does not constitute an offer to buy or an invitation to sell, or the solicitation of an offer to buy or invitation to sell, any of the securities of Northgate or Aurizon. Such an offer may only be made pursuant to an offer and take-over bid circular filed with the securities regulatory authorities in Canada. Northgate plans to file an offer and take-over bid circular with Canadian provincial securities regulators. Northgate also intends to file with the U.S. Securities and Exchange Commission a Registration Statement on Form F-8 as well as a Schedule 14D-1F tender offer statement both of which will include the offer and take-over bid circular. Investors and security holders are urged to read the offer and take-over bid circular regarding the proposed business combination transaction referred to in the foregoing information when these documents become available, because they will contain important information. Investors may obtain a free copy of the offer and take-over bid circular when they become available and other documents filed by Northgate with the Canadian provincial securities regulators on SEDAR at www.sedar.com, and with the SEC at the SEC's website at www.sec.gov. The offer and take-over bid circular and these other documents may also be obtained for free, once they have been mailed, on Northgate's website or by directing a request to Northgate.
About Northgate:
Northgate Minerals Corporation is a gold mining company focused on operations and opportunities in the Americas. The Corporation's principal assets are the 300,000 ounce per year Kemess South mine in north-central British Columbia, the adjacent Kemess North deposit and the Young-Davidson property in northern Ontario. Proven and Probable Reserves at Kemess total 5.5 million ounces of gold with additional total Resources of 3 million ounces. Young-Davidson has a total resource base of 1.5 million ounces of gold. Northgate is listed on the Toronto Stock Exchange under the symbol NGX and on the American Stock Exchange under the symbol NXG.
Forward-Looking Statements
Certain information included herein, including any information as to Northgate's future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". The words "expect", "will", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements including but not limited to the price of gold, the timing and amount of estimated future production, costs of production, capital expenditures, reserve determination, costs and timing of the development of new deposits, Northgate's hedging practices, permitting time lines, and the timing and possible outcome of pending litigation are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Northgate cautions the readers that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Northgate to be materially different from Northgate's estimated future results, performance or achievements expressed or implied by those forward looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: sensitivity to metal prices, foreign exchange rates and interest rates, sufficiency of cash flows, cash costs of gold production, uncertainty of ore reserves and mineral resources, reserve estimates, mining risks and insurance, title matters, income tax, costs of exploration and development programs, laws and regulations and competition, scarcity of mineral lands and litigation, as well as those factors discussed in greater detail in Northgate's current Form 40-F/Annual Information Form ("Northgate's AIF") on file with the Canadian provincial securities regulatory authorities and US Securities and Exchange Commission. Material factors or assumptions that were applied in drawing a conclusion or making estimates set out in forward-looking statements herein,
include Northgate's 2005 reserve and resource price and foreign exchange rate assumptions described in Northgate's AIF; the gold price, operating cost and foreign exchange rate assumptions contained in Aurizon's 43-101 Technical Report on Casa Berardi; prices for copper of US$2.60 per pound in 2006 and US$1.75 per pound in 2007; Canadian$/US$ foreign exchange rates of 1.12 in 2006 and 1.18 in 2007; and a gold price of US$600 per ounce in 2006. Northgate cautions that this list of factors is not exhaustive. The following factors, among others, related to the business combination of Northgate and Aurizon could cause actual results to differ materially from the forward-looking statements: the Northgate Common Shares issued in connection with the offer may have a market value lower than expected; the businesses of Northgate and Aurizon may not be integrated successfully or such integration may be more difficult, time-consuming or costly than expected; and the expected combination benefit from the Northgate and Aurizon transaction may not be fully realized or not realized within the expected time frame. These factors are not intended to represent a complete list of the factors that could affect Northgate and the combination of Northgate and Aurizon. Additional factors are noted elsewhere in the offer and take-over bid circular and in documents incorporated by reference therein. Northgate disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Contact:
Contacts:
Northgate Minerals Corporation
Mr. Ken G. Stowe
President and Chief Executive Officer
(416) 216-2772
http://www.northgateminerals.com
DMGI - Digital Music Group Announces Classical Music For Dummies(R)
Tuesday May 23, 6:00 am ET
Partnership With Wiley Delivers New Classical Digital Music Releases to Worldwide Audience
SACRAMENTO, Calif., May 23 /PRNewswire-FirstCall/ -- Digital Music Group, Inc. (Nasdaq: DMGI - News), a content owner and distributor of digital music recordings focused on past hits, out-of-print, back catalog, and independent label recordings, today announced a partnership with Wiley Publishing, Inc. that will bring Digital Music Group's classical music repertoire to the digital music marketplace under the For Dummies brand. Under the terms of the partnership, Digital Music Group will release a series of digital albums focused on the classical genre, including Classical Music For Dummies, Volume 1, Mozart For Dummies, Beethoven For Dummies, and more. These digital albums will be assembled from Digital Music Group's library of classical music and will be marketed and sold to consumers worldwide through online music stores as well as online properties managed by Wiley, including www.dummies.com.
Partnership Helps Bring Classical Music to Worldwide Audience through the Digital Music Market Place
As part of the partnership, Digital Music Group will license the For Dummies brand and release a series of digital music albums focused on the classical genre. Both Digital Music Group and Wiley will market the digital albums to their respective audiences who will purchase the digital music through online music stores worldwide.
"Classical music is traditionally one of the most difficult and intimidating genres for the average music consumer to approach," said Mitchell Koulouris, Chief Executive Officer of Digital Music Group. "By working with a well-known brand like For Dummies and leveraging the breadth of our catalog and the flexibility of the digital music marketplace, we hope to make classical music simpler, friendlier, and more approachable for consumers. Classical Music For Dummies will simplify and demystify classical music for the average music consumer."
Additionally, classical music is one of the fastest growing genres in the digital music market. "We are very excited to be working with Digital Music Group," said Marc Mikulich, VP Brand Management of Wiley Publishing, Inc. Our book Classical Music For Dummies has over 100,000 copies in print in English and many more in translation throughout the world. So it makes sense for us to work with Digital Music Group's digital music catalog to form a powerful set of products that will enable consumers to have the Dummies experience combined with classical music in digital download format."
The first eight releases in the Classical Music For Dummies series will be released this June. The initial wave of titles will include Bach For Dummies®, Beethoven For Dummies®, Brahms For Dummies®, Haydn For Dummies®, Mozart For Dummies®, Ravel For Dummies®, Tchaikovsky For Dummies®, and Classical Music For Dummies®, Volume 1. This will be the first in a regular and ongoing release schedule for the Classical Music For Dummies series. For more information, please visit www.digitalmusicgroupinc.com/classicalfordummies.aspx.
NWKI - Network Installation Awarded $10 Million Amenities Contract for Vegas 888 Condo Development
Monday May 22, 4:05 pm ET
LAS VEGAS, May 22 /PRNewswire-FirstCall/ -- Network Installation Corp. (OTC Bulletin Board: NWKI - News) announced today that subsidiary Kelley Technologies was awarded an exclusive contract for the provision of interior technology amenities for the Las Vegas-based Vegas 888 luxury condo development. The contract is valued in excess of $10 million. The Vegas 888 project was launched in November of 2005, with site work and sales center construction commencing in early December of 2005. Currently the project is on schedule for its intended completion during the first quarter of 2008.
Network Installation CEO Jeffrey R. Hultman stated, "The MDU Solutions Division of Kelley had been instrumental in the design and build phases of the Vegas 888 sales center. We are thrilled to have now been awarded the exclusivity for the interior technology amenities of a premier property estimated to be valued in excess of $1 billion upon its completion. Yet again, with this announcement, momentum builds as we continue to evolve our solutions offerings to meet the needs of 'vertical lifestyle' property developers."
About Vegas 888
Vegas 888 Condominium Development will be the Premier Vertical Residential Address upon completion. The development sets a new standard in design, lifestyle, location and amenities for its owners. The developers have assembled the best possible talents to ensure their extremely high quality of residence is achieved. The Vegas 888 Sales Center located on Hugh Hefner Drive in Las Vegas had its VIP Grand Opening May 4th, 2006. For more information on Vegas 888, please visit www.vegas888.us .
About Network Installation
Network Installation Corp., through its wholly-owned subsidiary Kelley Technologies, is a technology company which specializes in the design, development and integration of communication technology and system networks for the resort and gaming industry as well as luxury high-rise condo developments (MDUs).
Kelley Technologies has also developed a patent-pending, proprietary next generation Race & Sports Book platform designed for the gaming industry and remains committed to developing the most advanced technology solutions to meet the desires of its clients.
To find out more about Network Installation Corp. (OTC Bulletin Board: NWKI - News) or Kelley Technologies, please visit www.networkinstallationcorp.net or www.kccinc.com. The Company's public financial information and filings can be viewed at w
INSGY Insignia Announces Six New Customers Signed by Huawei; Strategic Reseller Signs Six Mobile Operators Based on Insignia's Device Management Suite
Business Wire - May 23, 2006 6:30 AM (EDT)
CAMPBELL, Calif., May 23, 2006 (BUSINESS WIRE) -- Insignia Solutions (OTC:INSGY), a pioneer in the mobile device management market, today announced that Huawei Technologies Co., Ltd. ("Huawei") has signed six new customers using Insignia's Device Management Suite.
In June 2005, Insignia and Huawei entered into a partnership agreement to address an impending need by operators worldwide to remotely manage and update mobile devices. The increased adoption of high-value data services and increased complexity of mobile devices have been fueling a need for comprehensive mobile device management solutions by wireless operators. The Huawei Data Service solution provides fast access and deployment of operator services based on an open service management and access platform. The Huawei and Insignia joint solution for automated device management helps operators increase revenue by enabling higher utilization of data services and lowering support costs associated with customer care calls and device returns.
Insignia's Device Management Suite is an intelligent device management system that enhances subscriber satisfaction with increasingly complex mobile services. Insignia has combined powerful device and service provisioning capabilities, along with diagnostics, client device software management, and content and firmware provisioning to form the comprehensive Device Management Suite. Insignia's Device Management Suite also features ICE(TM), which provides intelligent targeted provisioning and automated device management to enhance subscriber satisfaction and drive new revenue generating services.
"Our six new joint customers are a testament to the success of our partnership with Huawei. The combined offering from Insignia and Huawei is a proven solution that addresses the critical need for effective mobile device management support in the mobile communications market," said Mark McMillan, President and CEO of Insignia Solutions, Inc.
About Huawei Technologies
Huawei Technologies is a leader in providing next generation networks for telecommunications operators around the world. The company is committed to providing innovative and customized products, services and solutions to create long-term value and potential growth for our customers. Huawei's products and solutions are deployed in over 100 countries and serving 28 of the world's top 50 operators, as well as over one billion users worldwide. For more information, please visit www.huawei.com.
SSUF - Sports-Stuff Signs World-Class Poker Pros Huck Seed and Paul Darden
Monday May 22, 4:00 pm ET
VANCOUVER, British Columbia, May 22, 2006 (PRIMEZONE) -- Sports-Stuff.com Inc. (Other OTC:SSUF.PK - News) (Frankfurt:S5F.F - News), a publisher and distributor of SMS alerts, mobile web sites, ringtones and mobile video games for the sports and entertainment industry, announced today that it has acquired the exclusive wireless rights for poker pros, Huck Seed and Paul ``The Truth'' Darden.
Sports-Stuff will produce and publish high-quality voice ringtones and create wireless web pages (WAP sites) dedicated to these poker stars. Wireless web pages allow quick access by mobile devices such as cell phones and PDAs. This is an exclusive mobile web revenue sharing agreement between all parties consisting of revenues from ringtones, alerts, mobile games and the players' WAP sites.
Huck Seed is a former World Series of Poker Main Event winner and has continued his success for the past number of years. A quiet and reserved player, Huck is one of the most recognizable names in the poker community and is highly respected by fellow players. Poker great Phil Hellmuth once said he considers Huck Seed to be one of the best players in the game.
Hailing from Connecticut, Paul ``The Truth'' Darden has a slew of first place finishes and holds a World Series of Poker bracelet as well as a World Poker Tour championship to his credit. Excelling in many different poker games, including Stud, Limit and No Limit Hold'em, Paul can routinely be found in the money at whatever table he is playing.
``The ability to sign top-caliber players like this really compliments our existing group of poker pros,'' commented Sports-Stuff President Kevin Day. ``Both players have won at least one major tournament and their appeal to poker fans across different demographics is very widespread. We are delighted to have reached exclusive deals with both of these top pros.''
About Sports-Stuff.com Inc.
Sports-Stuff is a publisher and distributor of sports and entertainment related content for mobile phones. Through direct business relationships with wireless carriers, game developers, professional athletes, and data providers the company makes its SMS alerts, mobile web sites, ringtones and mobile video games available for purchase by consumers. For more information please visit the Company's website: http://www.ssuf.com
``SAFE HARBOR''
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
SMKG - Smart Card Marketing Systems Inc. Enters Into Agreement With Atlantic Payment Systems, LLC
Monday May 22, 4:05 pm ET
SAN ANTONIO, TX--(MARKET WIRE)--May 22, 2006 -- Smart Card Marketing Systems Inc. (Other OTC:SMKG.PK - News), a leading provider of prepaid cards, value smart storage cards and payment transaction management services, announced today that they have entered into a joint marketing and service agreement with Atlantic Payment Systems, LLC of Niskayuna, New York. From its New York headquarters and satellite offices in Minnesota, Florida, and Maryland, Atlantic Payment Systems provides commercial payment services to North American and European-based companies.
Atlantic Payment Systems will market Smart Card's prepaid debit card as a payroll solution for its corporate clients. The company's president, Daniel Alcorn, stated, "The VISA™ branded payroll card gives our corporate customers the benefit of 100% electronic payroll delivery. All employees are eligible, even if they do not have an individual bank account." The payroll card from Smart Card benefits employees because it is safer than carrying cash, it eliminates expensive check cashing fees and it allows employees to inexpensively remit money via companion cards to family members living anywhere in the world. Bruce Baillio, President of Smart Card, said, "We are pleased to be able to add our payroll card to Atlantic's outstanding existing corporate payment and funding services. We believe that this agreement will be very beneficial for both companies."
Atlantic Payment Systems will also use Smart Card's Canadian Electronic Funds Transfer (EFT) facility on its VelocityMoney(TM) Internet platform to service its payment collection and money transfer customers in Canada. Smart Card is one of the few companies in Canada that provides EFT services to its clients.
About Atlantic Payment Systems, LLC
Atlantic Payment Systems specializes in payment solutions for small to medium-sized businesses with services including e-commerce merchant credit card processing, secure gateways for e-commerce, international multi-currency payment services, ACH debit and check drafting services, international bank transfer and direct debit services. Atlantic also provides funding programs like equipment leasing and advance funding and factoring arrangements. For more information, visit Atlantic Payment's website at: www.atlanticpayment.com.
About Smartcard Marketing Systems, Inc.
Smart Card Marketing Systems, Inc. was established in 2003 and is a leading provider of prepaid cards, value smart storage cards, loyalty programs and payment processing services. Smart Card offers a powerful sales organization and merchant reseller marketing program that incorporates cutting-edge technology and delivers a viable cost-effective solution. Smart Card is looking to revolutionize the prepaid and loyalty card market by presenting their proprietary solution offering, the GoSmartCard platform. To learn more about Smart Card Marketing, go to www.gosmartcard.com.
CBMX MORE TO FOLLOW) Dow Jones Newswires
05-23-06 0600ET
CBMX
Copyright (c) 2006 Dow Jones & Company, Inc.
DJ Acacia Research's CombiMatrix Gets Northrop Subcontract
DOW JONES NEWSWIRES
Acacia Research Corp.'s (ACTG) CombiMatrix group (CBMX) received a subcontract from Northrop Grumman Corp. (NOC) to develop technology and components for the Handheld Isothermal Silver Standard Sensor program.
The program seeks to develop a handheld sensor capable of identifying bacteria and other biological weapon threats.
CombiMatrix said Tuesday it may receive more contracts to develop technology and supply components, if the Northrop Grumman agreement expands into Phase IV and procurement.
Another Acacia Research unit licensed to Picis Inc. a patent that applies to systems for scheduling and managing resources. The contract resolves a patent infringement lawsuit that was pending in the District Court for the Eastern District of Texas.
Acacia Research, Newport Beach, Calif., also acquired a patent related to portable audio recording and playback devices from ESPRO Information Technologies Ltd. for an undisclosed amount.
-Eamon Beltran; 201-938-5400; AskNewswires@dowjones.com
Order free Annual Report for Northrop Grumman Corp.
Visit http://djnewswires.ar.wilink.com/?link=NOC or call 1-888-301-0513
(END) Dow Jones Newswires
05-19-06 0608ET
Copyright (c) 2006 Dow Jones & Company, Inc.
DJ ViroPharma, OSG Sign Second Pact Tied To Vancocin Capsules
WASHINGTON (Dow Jones)--ViroPharma Inc. (VPHM) disclosed Friday that it has entered into a second pact with OSG Norwich Pharmaceuticals Inc. regarding the manufacture and packaging of Vancocin capsules finished product.
The Exton, Pa., development-stage pharmaceutical company said in a filing with the Securities and Exchange Commission that the second project agreement provides for the manufacture of commercial lots of Vancocin at a greater scale than provided in the initial agreement reached in late 2005.
According to ViroPharma, the second pact also sets forth the scope of additional development activities, the terms for the purchase of additional manufacturing equipment and specific economic terms for the purchase of Vancocin finished product, including price and minimum-purchase requirements.
The second pact also states that in the U.S., OSG Norwich will supply Vancocin exclusively to ViroPharma. However, the company said OSG Norwich may continue to supply product to pharmaceutical company Eli Lilly & Co. (LLY) to fulfill Lilly's needs in Canada.
Also, the company said that OSG Norwich won't supply Vancocin, or any other product containing vancomycin hydrochloride, anywhere in the world to any third person other than to Eli Lilly or its assignee for the supply of Vancocin in Canada.
Vancocin is an antibiotic approved by the U.S. Food and Drug Administration to treat antibiotic-associated pseudomembranous colitis, according to ViroPharma's quarterly report filed May 5.
-By Kristina Henderson, Dow Jones Newswires; 202-862-1344; kristina.henderson@dowjones.com
Dell signed with AMD.
they only signed to DEVElOP the cell ,i think the SP will retrace ..Vol has gone not much gain left from here.IMO