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SKILLZ1,
PLEASE CANCEL MY SPRT UNFREEZE REQUEST I SENT TO YOU EARLIER TODAY.
AFTER TALKING TO MY SON HWEB2, I AM NOT SURE I COMPLETELY UNDERSTAND
THE PICK 4 CONTEST WITH REGARD TO THE FREEZE CONCEPT.
THANKS FOR YOUR HELP.
HITEX
LVWD NEWS Just out today.
LiveWorld Appoints Seasoned Healthcare and Venture Capital Professionals to Board of Directors
Business Wire Business WireApril 25, 2018
LiveWorld Appoints Seasoned Healthcare and Venture Capital Professionals to Board of Directors
Arthur A. Ushijima (Photo: Business Wire) Multimedia Gallery URL
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SAN JOSE, Calif. & NEW YORK--(BUSINESS WIRE)--
LiveWorld, Inc. (OTC Markets: LVWD), the leading social customer experience company announced today the addition of Arthur A. Ushijima, CEO and President of The Queen’s Health Systems (Queen’s), Michael A. Gold, former CEO and President of Hawaii Medical Service Association (HMSA), and Barry Weinman, Co-founder and former Managing Director of Allegis Capital and AVI Group, to its Board of Directors.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180425006300/en/
The newest members of LiveWorld’s Board of Directors bolster the company’s expanding business of consulting services (strategy, adverse events management, moderation, engagement), and conversation management software in the healthcare and pharma markets. LiveWorld’s pharma and healthcare business grew 20%/year over 2016 and 2017. LiveWorld will further expand its suite of marketing, customer service, and operational solutions to help healthcare providers improve the patient experience by having a more engaging presence in social media, messaging apps, and on mobile devices.
“We welcome the insights and experience from Arthur, Michael, and Barry, as LiveWorld sharpens our focus on using 1to1 real-time conversations to improve the patient journey,” said Peter Friedman, Chairman and CEO, LiveWorld. “Their deep expertise in strategic business management, health services, and technology will strengthen our ability to innovate new solutions, enter new markets, and increase revenue.”
Ushijima is a healthcare executive with more than 40 years of experience managing and leading hospitals and health systems in five different states. For the past 28 years, he has been with The Queen's Medical Center, which is the parent corporation for more than 10 healthcare and real estate companies.
In addition to serving as a member of Queen’s internal boards, he serves on a start-up board, Kineticor, which is commercializing a novel magnetic resonance imaging (MRI) motion-correction technology developed by the University of Hawaii and Queen’s. Ushijima also established a novel position emission tomography (PET) joint venture with Hamamatsu Photonics of Japan, which brought the first PET scanner to Hawaii twenty years ago. He serves on the joint venture management committee.
His past corporate board service includes Vizient, Inc. (formerly VHA, Inc.), which is the nation’s largest group purchasing organization with more than 60 billion dollars in medical supply and equipment spend, representing more than 2,000 hospitals. He has served on the boards of numerous charitable organizations and trade associations.
Also, Ushijima was recognized as Pacific Business News Leader of the Year in 2013 and Hawaii Business Magazine’s CEO of the Year in 2014.
“It’s an honor to work with LiveWorld to deploy conversation engagement programs that will maximize the efficiency of communication in hospitals,” says Ushijima. “Hospitals utilizing an effective messaging channel that integrates human agents and automation provides an invaluable resource that will greatly enrich the patient experience.”
Michael A. Gold was the CEO and President of HMSA until he retired at the conclusion of 2017. During his 43-year career at HMSA, he also served at the Chief Operating Officer and its Executive Vice President and Assistant Treasurer. Throughout his illustrious career working for HMSA, he gained extensive knowledge in underwriting, marketing, provider services, customer relations, account services, community relations, and corporate planning.
Gold is recognized as a visionary whose new ideas and practices have improved the health and well-being of Blue Cross and Blue Shield Association members and everyone in Hawaii. Those accomplishments during his tenure include: creating HMSA’s Online Care®, the first telehealth system in the nation offered by a health insurer, introducing Blue Zones Project® to Hawaii, a communitywide initiative to help make the healthy choice the easy choice for everyone in the state, partnering with digital health care leaders to put all of a person’s health on a single digital platform, and establishing HMSA Centers, state-of-the-art spaces that bring HMSA into communities and closer to members for servicing, sales, and educational programs.
EVOL News today. Just announced three new contracts.
Momentum Continues to Build for Evolving Systems’ Real-Time Digital Engagement Solutions with Wins at Multiple European and Middle Eastern Operators
GlobeNewswire•April 9, 2018
ENGLEWOOD, Colo., April 09, 2018 (GLOBE NEWSWIRE) -- Evolving Systems, Inc. (EVOL), a leader in real-time digital engagement solutions and services, today announced that three new digital engagement contract deployments are now live with European and Middle Eastern operators.
These three new contracts have a collective value of approximately $3.8 million over the next 2-3 years, and potentially greater value based upon the success of the deployments. Evolving Systems will assist these operators with their digital engagement initiatives, through the use of its software and services, which drive increased customer lifetime value (“CLV”). Improving CLV is especially critical for larger operators who already have dominant market positions and are seeking to reduce churn and reverse shrinking average revenues per user (ARPU) by leveraging their brand and partnerships to improve engagement and retention.
In Southern Europe, one of the largest mobile phone providers, has selected Evolving Systems to drive CLV by taking over its gamified solution to enhance mobile device minute and data reloads (“top-ups”), and manage its platform. The solution required the customer to actively participate with an offer on social media rather than just accept an offer passively. Evolving was selected over many competing vendors owing to its track record of being able to drive increased customer value and retention by engaging customers across multiple digital channels.
In the Middle East, the Evolving solution will be fully integrated with the operator’s data warehouse, communication gateways and its billing and network provisioning systems, to provide a comprehensive and integrated console for enabling its digital engagement strategies for customers. The solution will expand the operator’s digital engagement workflow for real-time marketing and customer engagement programs designed to deliver higher-value and more relevant offerings to customers, increasing CLV.
In Northern Europe, Evolving Systems was selected by the operator due to its deep experience in working with digital engagement systems at Tier 1 European operators. Under this agreement, Evolving Systems will introduce innovative personalization and customer appreciation initiatives to encourage engagement, enhance the program’s visibility across social networks and enable a Business to Business (B2B) marketing platform for the operator’s enterprise customers. This B2B platform will allow the operator to attract and grow a complementary partner ecosystem that not only helps it present completely new and valuable offerings to its subscribers, but will also drive engagement, increase spend and improve tenure as a result. The program will feature a combination of Evolving’s existing Real-time Digital Engagement platforms and will be supported on Windows, iOS and Android mobile devices.
Unlike traditional software services which focus strictly on cutting costs by improving efficiencies, Evolving’s CLV solutions also allow its customers to drive new and additional revenue through real-time programing that reaches and engages more customers.
“We are excited to have the opportunity to work with the leadership teams at each of these important new customers as they seek to further grow their mobile brands in their respective operating markets. Momentum is building as operators and brands begin to recognize the value of real-time digital engagement and the significant impact that driving CLV and reducing churn by employing actionable, real-time insights for highly personalized, contextual engagement can have on their bottom lines,” said Adhish Kulkarni, Senior Vice President - Solutions, at Evolving Systems, Inc.
About Evolving Systems®
Evolving Systems, Inc. (EVOL) is a provider of real-time digital engagement solutions and services to more than 100 customers in over 65 countries worldwide. The Company’s portfolio includes market-leading solutions and services for real-time analytics, customer acquisition, customer value management and loyalty for telecom, retail and financial services companies. Founded in 1985, the Company has its headquarters in Englewood, Colorado, with offices in Asia, Europe, Africa, South America and North America. For more information, please visit www.evolving.com or follow us on Twitter at https://twitter.com/EvolvingSystems.
CAUTIONARY STATEMENT
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Specifically, statements about the market for, and performance of, the Company’s products and its ability to successfully integrate its solutions with existing customer network systems are forward-looking statements. These statements are based on our expectations and are naturally subject to uncertainty and changes in circumstances. Readers should not place undue reliance on these forward-looking statements, and the Company may not undertake to update these statements. Actual results could vary materially from these expectations. For a more extensive discussion of Evolving Systems’ business, and important factors that could cause actual results to differ materially from those contained in the forward-looking statements, please refer to the Company’s Forms 10-K, 10-Q, 10-Q/A, 8-K and 8-K/A filed with the SEC; press releases and the Company’s website.
Investor Relations Contact:
Michael Glickman
Senior Vice President, Investor Relations
GW Communications (for Evolving Systems)
Tel: (917) 397-2272
Email: 33Tmglickman@GWCco.com
BOSC up 13-15% today and holding up well so far with good news.
Already hit 2.46 with healthy 300k volume. Go BOSC Go!
This looks good for LVWD :)
LiveWorld Launches SaaS Application to Manage Messenger Chatbots with Automated Connections to Live Human Agents
Business Wire October 18, 2016
NEW YORK & SAN JOSE, Calif.--(BUSINESS WIRE)--
LiveWorld, Inc. (OTC Markets: LVWD), the social customer experience company, announced today the launch of its new chatbot management tools for Facebook Messenger. This next-generation software enables brands to optimize interactions with customers at scale by enabling chatbots to automatically handoff to live human agents when needed and with contextual relevance. Brands can now conduct 1-on-1 conversations with customers in real-time across marketing and customer service, with integration support for CRM and help desk applications.
The new LiveWorld platform facilitates conversations in Messenger with comprehensive tools to track, escalate, engage, and manage chatbot and brand interactions that elevate and extend the effectiveness of their programs. The solution offers brands and developers an open API to integrate their chatbots with the platform. Chatbots bring scale and enhance the customer experience, but are limited to set contexts and can lack human empathy and connection. The LiveWorld software overcomes these limits as it seamlessly transfers the conversation to live human agents with the context needed to immediately engage and provide assistance, all with complete knowledge of past interactions via comprehensive customer profiles—effectively providing a human layer to support the chatbots.
“This new solution makes chatbots practical and effective for brands,” said Peter Friedman, LiveWorld Chairman and CEO. “Chatbots enable customers to interact with brands, but often leave consumers wanting more personalized communication. Our software fills in this critical missing piece by seamlessly integrating the chatbot and live human agent experience.”
The LiveWorld software includes:
Chatbot team collaboration framework: LiveWorld’s human-assisted chatbot engagement maximizes the efficiency of chatbots with the empathy and talents of human agents via seamless, bi-directional conversation transfer capabilities. The platform provides organizations with instant visibility into whether the chatbot or human agent is maintaining the conversation.
Conversation tracking and resolution management: With the ability to access customer profiles and conversation histories, brands can assign, resolve, and deliver more personalized customer engagement. LiveWorld’s intelligent solution tracks the conversation status to ensure brands can identify and prioritize high-opportunity and high-risk conversations for immediate communication.
Customer profile development and CRM platform integration: Brands obtain a better understanding of their consumers through comprehensive customer profiles, which captures all previous conversations, social media activity, and internal company notes. This enables more effective resolution management. Integration with Salesforce software equips agents with instant access to CRM customer profiles, which are systematically updated with each social engagement.
Open API: Enables brands and developers to quickly integrate their chatbots with the LiveWorld platform framework without the need for complex technical support.
Integrated multi-channel support: Full conversation management software for multiple channels including, among others: Messenger, Facebook, Twitter, Instagram, YouTube, Jive, and custom apps and web sites.
“This software fundamentally integrates bots as agents to allow for interactive and proactive bot-human collaboration,” said Frank Chevallier, LiveWorld Vice President of Software Products. “Our vision for bot/human agent collaboration goes beyond smart handoffs to include communication of user context data and controls. Chatbots can make smarter on-the-fly decisions.”
The new chatbot management tools are commercially available today, already in use at multiple Fortune 50 companies and can be integrated into chatbot and Messenger programs for brands in markets such as consumer packaged goods, retail, pharmaceutical, financial services, travel services and more. LiveWorld additionally provides clients with an optional suite of consulting services and online agents for moderation, engagement, and customer service. For more information, please visit www.liveworld.com. To schedule a demo, contact us at hello@liveworld.com.
About LiveWorld
At LiveWorld, we provide conversation management software, consulting, and online agent workforce services. These empower companies to manage conversations in messaging apps and social media to develop deeper relationships with customers. We specialize in handling the speed and scale requirements of brands to engage customers 1-on-1 in real-time and deliver personalized interactions with a human touch. Our conversation-centric software is designed to track and manage dialogue, engage customers, and integrate chatbots and human agents with enterprise systems. Companies are able to quickly solve the scale, security, automation, and multi-social channel challenges associated with marketing and customer service programs. LiveWorld services include strategy, campaign management, content moderation, engagement, customer service, and social analytics. Our team of marketing strategists, conversation specialists, chatbot experts, social data analysts, online agents, and software developers collaborate to deliver marketing and customer service solutions that seamlessly integrate software and human teams. LiveWorld clients include the number one brands in consumer packaged goods, retail, pharmaceutical, and financial-travel services. LiveWorld is headquartered in San Jose, California, with an additional office in New York City. Learn more at www.liveworld.com and @LiveWorld.
LVWD News.
NEW YORK & SAN JOSE, Calif.--(BUSINESS WIRE)--
LiveWorld, Inc. (OTC Markets: LVWD), the social customer experience company, announced today the launch of its new chatbot management tools for Facebook Messenger. This next-generation software enables brands to optimize interactions with customers at scale by enabling chatbots to automatically handoff to live human agents when needed and with contextual relevance. Brands can now conduct 1-on-1 conversations with customers in real-time across marketing and customer service, with integration support for CRM and help desk applications.
The new LiveWorld platform facilitates conversations in Messenger with comprehensive tools to track, escalate, engage, and manage chatbot and brand interactions that elevate and extend the effectiveness of their programs. The solution offers brands and developers an open API to integrate their chatbots with the platform. Chatbots bring scale and enhance the customer experience, but are limited to set contexts and can lack human empathy and connection. The LiveWorld software overcomes these limits as it seamlessly transfers the conversation to live human agents with the context needed to immediately engage and provide assistance, all with complete knowledge of past interactions via comprehensive customer profiles—effectively providing a human layer to support the chatbots.
“This new solution makes chatbots practical and effective for brands,” said Peter Friedman, LiveWorld Chairman and CEO. “Chatbots enable customers to interact with brands, but often leave consumers wanting more personalized communication. Our software fills in this critical missing piece by seamlessly integrating the chatbot and live human agent experience.”
The LiveWorld software includes:
Chatbot team collaboration framework: LiveWorld’s human-assisted chatbot engagement maximizes the efficiency of chatbots with the empathy and talents of human agents via seamless, bi-directional conversation transfer capabilities. The platform provides organizations with instant visibility into whether the chatbot or human agent is maintaining the conversation.
Conversation tracking and resolution management: With the ability to access customer profiles and conversation histories, brands can assign, resolve, and deliver more personalized customer engagement. LiveWorld’s intelligent solution tracks the conversation status to ensure brands can identify and prioritize high-opportunity and high-risk conversations for immediate communication.
Customer profile development and CRM platform integration: Brands obtain a better understanding of their consumers through comprehensive customer profiles, which captures all previous conversations, social media activity, and internal company notes. This enables more effective resolution management. Integration with Salesforce software equips agents with instant access to CRM customer profiles, which are systematically updated with each social engagement.
Open API: Enables brands and developers to quickly integrate their chatbots with the LiveWorld platform framework without the need for complex technical support.
Integrated multi-channel support: Full conversation management software for multiple channels including, among others: Messenger, Facebook, Twitter, Instagram, YouTube, Jive, and custom apps and web sites.
“This software fundamentally integrates bots as agents to allow for interactive and proactive bot-human collaboration,” said Frank Chevallier, LiveWorld Vice President of Software Products. “Our vision for bot/human agent collaboration goes beyond smart handoffs to include communication of user context data and controls. Chatbots can make smarter on-the-fly decisions.”
The new chatbot management tools are commercially available today, already in use at multiple Fortune 50 companies and can be integrated into chatbot and Messenger programs for brands in markets such as consumer packaged goods, retail, pharmaceutical, financial services, travel services and more. LiveWorld additionally provides clients with an optional suite of consulting services and online agents for moderation, engagement, and customer service. For more information, please visit www.liveworld.com. To schedule a demo, contact us at hello@liveworld.com.
About LiveWorld
At LiveWorld, we provide conversation management software, consulting, and online agent workforce services. These empower companies to manage conversations in messaging apps and social media to develop deeper relationships with customers. We specialize in handling the speed and scale requirements of brands to engage customers 1-on-1 in real-time and deliver personalized interactions with a human touch. Our conversation-centric software is designed to track and manage dialogue, engage customers, and integrate chatbots and human agents with enterprise systems. Companies are able to quickly solve the scale, security, automation, and multi-social channel challenges associated with marketing and customer service programs. LiveWorld services include strategy, campaign management, content moderation, engagement, customer service, and social analytics. Our team of marketing strategists, conversation specialists, chatbot experts, social data analysts, online agents, and software developers collaborate to deliver marketing and customer service solutions that seamlessly integrate software and human teams. LiveWorld clients include the number one brands in consumer packaged goods, retail, pharmaceutical, and financial-travel services. LiveWorld is headquartered in San Jose, California, with an additional office in New York City. Learn more at www.liveworld.com and @LiveWorld.
APPL and EVOL getting some decent respect today. Good stuff
My 3 picks are GV, EVOL and CPSS.
ZENX @ 1.13, and starting to move up with 83K vol! Go ZENX!
ZENX PR just out! New purchase details below!
Press Release Source: Zenex International
Zenex International Signs an Asset Purchase Agreement with Minnesota Concrete Restoration Company
Monday April 10, 8:45 am ET
OKLAHOMA CITY--(BUSINESS WIRE)--April 10, 2006--Zenex International, (OTCBB: ZENX - News) a leading provider of commercial roofing, repair and maintenance work, as well as disaster recovery services today announced that it has signed an asset purchase agreement with Merit Construction Services, a privately held concrete restoration company in St. Paul, Minnesota.
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The Merit Construction acquisition is expected to add approximately $5 to $7 million in annualized revenue and be accretive to calendar 2006 earnings along with significant opportunities for growth. The purchase includes the hiring of all Merit construction employees, performance of all current contracts, as well as performance of contracts awarded but not yet started. Merit Construction President, Douglas Bruns, will become President of Aduddell Restoration Services; a newly formed division of Aduddell Roofing, Inc., Zenex International's wholly owned subsidiary. Financial terms of the transaction were not disclosed. The closing of the transaction is subject to customary closing conditions and is expected to close later this week.
According to Ron Carte, Chairman and chief executive officer of Zenex, "This acquisition supports our strategy to expand and strengthen the services provided by our core roofing business. Merit Construction is an established, leading provider of concrete restoration services and we are delighted to be able to bring Doug Bruns and his entire team into the Zenex family. We look forward to his contributions to the company."
About Zenex International
Zenex International, Inc. is the holding company of Aduddell Roofing, www.aduddell.com, one of the leaders in the commercial roofing industry nationwide. Through Aduddell Roofing and other subsidiaries, Zenex International offers Fortune 500 companies and large governmental agencies a broad range of roofing services, including re-roofing, restoration and repair, new roof construction, sheet metal fabrication, and waterproofing. In addition to work on large projects and high security roofing matters, the company has a nationally recognized track record for handling disaster recovery and emergency projects efficiently and cost effectively. More information about Zenex International can be found at www.zenex.net
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:-- This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Contact:
Cameron Associates
John McNamara, 212-554-5485
john@cameronassoc.com
--------------------------------------------------------------------------------
Source: Zenex International
NCNC guidance PR, and very bullish! Up in pre-market already!
Press Release Source: New Century Companies, Inc.
New Century Cos. Projects Sharp Increases in Revenue, Profits
Thursday March 30, 8:30 am ET
2005 Guidance Calls for 31% Rise in Sales, 29- to 30-Cent Swing in EPS; Revenue Seen Near Doubling in 2006, With EPS of $0.24 or Higher
LOS ANGELES, CA--(MARKET WIRE)--Mar 30, 2006 -- New Century Companies, Inc. (OTC BB:NCNC.OB - News), a leading manufacturer and re-manufacturer of machine tools, today offered revenue and earnings guidance for 2005 and 2006. Here are highlights of the forecast:
-- Sales of over $6 million in 2005, up 31% from 2004.
-- EPS in 2005 of $0.04 to $0.05, up from a loss of ($0.25) in 2004.
-- Gross profit of $2.9 million and EBITDA of $875,000 in 2005, up from
losses in 2004.
-- Projected revenues of $10-12 million in 2006, with EPS of $0.24 to
$0.28.
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For the year ended December 31, 2005, the company projects revenue of $6.05 million, or 31% above the $4.61 million reported in 2004. Net income is expected to be approximately $0.04 to $0.05 per fully diluted share, compared to a loss of ($0.25) in 2004.
Two other measures of profitability, gross profit and EBITDA (earnings before interest, taxes, depreciation and amortization) are also expected to make significant swings from negative to positive. Gross profit in 2005 is now expected to be approximately $2.9 million, up from a loss of ($456,986) in 2004. EBITDA is projected at $875,000 for 2005, up from a negative ($1,786,429) in 2004.
For 2006, New Century expects revenue to range approximately from $10 million to $12 million, for a year-over-year increase of 65% to 98%. Earnings per fully diluted share are projected to range from $0.24 to $0.28.
The company attributes its rising sales and earnings to two major factors. One is the rising demand for machine tools, its core business, across a wide range of sectors including transportation, energy, defense and construction. The other is the growing market for sound-absorbing blocks produced by Quilite International. On March 7, 2005, New Century announced that it had secured financing through a private placement for funding the proposed acquisition of Quilite International.
As reported March 28, 2006, the company has received orders totaling $2.8 million since the beginning of 2006. $2.46 million of these are for six vertical turning centers (VTCs), including two for one customer. The other $350,000 is for Quilite modules to be used in sound absorbing walls. Earlier, New Century reported new orders totaling $1.23 million in December 2005.
"The order volume we have seen so far this year makes us confident that we can meet or exceed these newly announced projections, even though they represent a sharp rise in sales and profits," said New Century CEO David Duquette. "New Century, as a leader in re-manufacturing of VTCs and other machine tools, is in an ideal position to capitalize on the growth in transportation, energy, defense and other sectors of the American economy. Our new facility for manufacturing sound-wall modules from Quilite is a first step in creating a revenue stream that we expect to equal or exceed the machine-tool business over time. With the pending acquisition of Quilite International, we will incorporate the entire Quilite R&D and manufacturing operations into our own, and we expect to broaden the range of potential uses and customers for Quilite in the process."
To be added to New Century's investor e-mail lists, please contact Haris Tajyar at htajyar@irintl.com.
About New Century Companies
New Century Companies, Inc. (OTC BB:NCNC.OB - News) is one of the leading U.S.-based makers of machine tools, primarily vertical boring mills and large lathes such as vertical turning centers. It also assembles sound-wall modules made from Quilite®, a lightweight, graffiti-resistant alternative to concrete. In its machine-tool business, the Company specializes in re-manufacturing, starting with existing major castings and fitting them with state-of-the-art, computer-controlled equipment. These products generally cost 40% to 60% less to make than new ones. New Century passes these savings on to its customers, which include such leading manufacturers as General Electric Co., General Dynamics Corp., Siemens AG and Gardner Denver. New Century machines are used to manufacture jet-engine components, airplane landing gear parts, power generation equipment, oil and gas production components and construction materials, to name just a few applications. Quilite is used not only in freeway noise walls but also in other sound-absorbing structures, including barriers at sports stadiums and electric transformers. New Century manufactures its machine tools and Quilite modules in Santa Fe Springs, Calif.
Visit New Century's Web site at http://www.newcenturyinc.com.
Forward-looking statement: Except for historical information, this press release contains forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those statements. Those risks and uncertainties include, but are not limited to, changing market conditions and other risks detailed from time to time in the Company's ongoing quarterly filings, annual information form, and annual reports. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in this press release might not occur.
Contact:
Contact:
David Duquette
CEO
New Century Companies, Inc.
562-906-8455
Haris Tajyar
Investor or Media Contact
Investor Relations International
818-382-9700
--------------------------------------------------------------------------------
Source: New Century Companies, Inc.
NCNC PR just out, finally a new contract!
Press Release Source: New Century Companies, Inc.
New Century Cos. Receives $2.8 Million in New Orders
Tuesday March 28, 8:30 am ET
LOS ANGELES, CA--(MARKET WIRE)--Mar 28, 2006 -- New Century Companies, Inc. (OTC BB: NCNC), a leading manufacturer and remanufacturer of machine tools, today reported that it has received orders totaling $2.8 million so far during the first quarter of 2006. The orders are for six Vertical Turning Centers (VTCs) worth a total of $2.46 million and Quilite® brand sound-blocking modules worth $350,000.
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Revenue from the orders will be booked during the first half of 2006, ending June 30. VTCs are computer-controlled vertical lathes used for precision machining in a wide range of industries.
The largest single order is for two 56-inch VTCs, at a cost of $750,000, from a Wisconsin-based machine shop that serves manufacturers in food services, pharmaceuticals, printing, transportation and aerospace. Another order, for one 76-inch VTC, comes from a Pennsylvania-based manufacturer of electronic and mechanical drive equipment. A 66-inch VTC is being sold to a Mexico-based machine shop. Two more VTCs, one 56-inch and the other 64-inch, are being sold for $225,000 and $265,000 to machine shops in the Los Angeles area.
“The pace of orders at the beginning of 2006 shows no signs of letting up from the level we saw in the closing months of 2005,” said David Duquette, New Century President and CEO. “With so many sectors of the economy continuing to grow, and with public spending on defense and transportation on the upswing, we believe that this recent sales trend has real staying power. In addition, the significant new Quilite order shows that our decision last year to devote surplus capacity to manufacturing of Quilite modules is starting to pay off in form of a new, fast-growing product line.”
Earlier this year, New Century reported that it received four orders totaling $1.23 million in December 2005, and that its order volume for the last five months of 2005 totaled $4.91 million -- more than its entire revenue for 2004.
To be added to New Century's investor e-mail lists, please contact Haris Tajyar at htajyar@irintl.com.
About New Century Companies
New Century Companies, Inc. (OTC BB:NCNC.OB - News) is one of the leading U.S.-based makers of machine tools, primarily vertical boring mills and large lathes such as vertical turning centers. It also assembles sound-wall modules made from Quilite®, a lightweight, graffiti-resistant alternative to concrete. In its machine-tool business, the Company specializes in re-manufacturing, starting with existing major castings and fitting them with state-of-the-art, computer-controlled equipment. These products generally cost 40% to 60% less to make than new ones. New Century passes these savings on to its customers, which include such leading manufacturers as General Electric Co., General Dynamics Corp., Siemens AG and Gardner Denver. New Century machines are used to manufacture jet-engine components, airplane landing gear parts, power generation equipment, oil and gas production components and construction materials, to name just a few applications. Quilite is used not only in freeway noise walls but in other sound-absorbing structures, including barriers at sports stadiums and electric transformers. New Century manufactures its machine tools and Quilite modules in Santa Fe Springs, Calif.
Visit New Century's Web site at http://www.newcenturyinc.com.
Forward-looking statement: Except for historical information, this press release contains forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those statements. Those risks and uncertainties include, but are not limited to, changing market conditions and other risks detailed from time to time in the Company's ongoing quarterly filings, annual information form, and annual reports. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in this press release might not occur.
Contact:
Contact:
David Duquette
CEO
New Century Companies, Inc.
562-906-8455
Haris Tajyar
Investor or Media Contact
Investor Relations International
818-382-9700
--------------------------------------------------------------------------------
Source: New Century Companies, Inc.
ZENX signed a new 11.1M contract! Good News!
Press Release Source: Zenex International, Inc.
Zenex International Subsidiary Awarded Largest Commercial Roofing Contract in Company History
Tuesday March 28, 8:30 am ET
OKLAHOMA CITY--(BUSINESS WIRE)--March 28, 2006--Zenex International, (OTCBB:ZENX - News) a leading provider of commercial roofing, repair and maintenance work, as well as disaster recovery services today announced that its subsidiary, Aduddell Roofing, has been awarded a contract as part of the Architect Southern Division, Naval Facilities Engineering Command project known as "Repairs to various buildings, NCBC Gulfport Mississippi." The contract is for a one year period and has a total contract value of $11.1 million.
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The contract is a fixed price contract in which payment is made in phases, or per building. Signed on March 23, 2006, the total project is expected to be completed by March 2007.
"We are honored to have been awarded this contract for work at the Seabees Naval Facility," said Zenex President and CEO Ron Carte. "It's a privilege to do work for our armed forces and this is an example of how our commitment to quality, safety and execution has allowed Aduddell Roofing to compete for, and win these high profile contracts. This contract is the largest single commercial roofing contract in company history. In fact, in this first quarter alone, we have been awarded over $16 million in contracts for our core roofing business. We are looking forward with much anticipation and excitement to the rest of 2006."
About Zenex International
Zenex International, Inc. is the holding company of Aduddell Roofing, www.aduddell.com, one of the leaders in the commercial roofing industry nationwide. Through Aduddell Roofing and other subsidiaries, Zenex International offers Fortune 500 companies and large governmental agencies a broad range of roofing services, including re-roofing, restoration and repair, new roof construction, sheet metal fabrication, and waterproofing. In addition to work on large projects and high security roofing matters, the company has a nationally recognized track record for handling disaster recovery and emergency projects efficiently and cost effectively. More information about Zenex International can be found at www.zenex.net
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:-- This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Contact:
Cameron Associates
John McNamara, 212-554-5485
john@cameronassoc.com
--------------------------------------------------------------------------------
Source: Zenex International, Inc.
ZENX posts record earnings! WOWSA!!
Press Release Source: Zenex International, Inc.
Zenex International Reports 2005 Year End Results
Wednesday March 15, 8:30 am ET
Announces Record Revenues and Earnings
OKLAHOMA CITY--(BUSINESS WIRE)--March 15, 2006--Zenex International, (OTCBB: ZENX.OB - News) a leading provider of commercial roofing, repair and maintenance work, as well as disaster recovery services today reported its financial results for the fourth quarter and full year ended December 31, 2005.
ADVERTISEMENT
For the fourth quarter, revenues were $17.3 million, an 8% increase over the $16 million reported in the prior year period. Net income for the fourth quarter was $2.5 million, a 30% increase over the $1.9 million for the fourth quarter of 2004. Earnings per share for the fourth quarter were $0.03 per fully diluted share versus $0.02 per fully diluted per share reported in the prior year.
For the full year, revenues totaled $59.2 million, a 113% increase over the $27 million reported for 2004. Net income rose to $9.3 million, or $0.12 per fully diluted share versus the $1 million, or $0.02 reported in the prior year. Revenues in 2005 included $42.2 million for storm-related work in Florida and Mississippi versus $10.6 million in 2004.
Ron Carte, Zenex's President and CEO said, "2005 was a year of dramatic developments and great successes. Our core roofing business remained stable during a year which saw a significant change in the management of that business. At the same time, our relationship with Oklahoma Development Group gave us the unique opportunity to bid for and be awarded contracts for storm related work. Finally, our ability to service such large contracts is a testament to our rapid response capabilities and the geographic scale of our business."
"We look forward to growing our core roofing business by focusing on the commercial roofing market and emphasizing our expanded product offerings and extensive maintenance capabilities. At the same time, while any storm related work is by definition weather dependent, we are confident in our abilities to respond quickly and effectively should the need arise," concluded Carte.
Commenting further, Reggie Cook, CFO noted, "Not only are we pleased with our 2005 results, we are particularly happy with the fact that while we saw a dramatic increase in revenues, we were able to control the growth in expenses. Operating expenses were 75% of revenues in 2005 versus 91% of revenues in 2004. We also reduced our long term debt from $915,452 to $295,390 as we took the opportunity to repay a portion of the debt with cash generated from operations."
Webcast and Conference Call
Shareholders and other interested parties are invited to listen to Zenex International's conference call hosted by Carte and Cook, scheduled for 11:00 am EST, today, March 15, 2006. Those interested in participating on the conference call may dial +1 617-213-8853 and enter access code 45121061 or via the Internet at:
http://phx.corporate-ir.net/playerlink.zhtml?c=108715&s=wm&e=1230055.
About Zenex International
Zenex International, Inc. is the holding company of Aduddell Roofing, www.aduddell.com, one of the leaders in the commercial roofing industry nationwide. Through Aduddell Roofing and other subsidiaries, Zenex International offers Fortune 500 companies and large governmental agencies a broad range of roofing services, including re-roofing, restoration and repair, new roof construction, sheet metal fabrication, and waterproofing. In addition to work on large projects and high security roofing matters, the company has a nationally recognized track record for handling disaster recovery and emergency projects efficiently and cost effectively. More information about Zenex International can be found at www.zenex.net
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:-- This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Zenex International
Consolidated Income Statement
(In Thousands, Except Per Share Data)
2005 2004
----------- -----------
Revenues $59,227,145 $27,828,362
Operating Expenses
Cost of sales 41,668,047 23,262,586
Selling, general and administrative 2,772,785 2,011,624
Warranty expense 138,847 110,820
----------- -----------
44,579,679 25,385,030
----------- -----------
Operating Income 14,647,466 2,443,332
Other Income (Expense)
Interest and dividend income 86,039 75,139
Gain(loss) on sale of equipment 12,369 3,228
Other income 197,862 34,924
----------- -----------
296,270 113,291
----------- -----------
Net Income from Operations
Before Income Taxes 14,943,736 2,556,623
Income tax expense 5,618,797 1,022,488
----------- -----------
Net Income 9,324,939 1,534,135
Other Comprehensive Income
Unrealized holding gains 14,146 1,230
Reclassification adjustment - -
----------- -----------
Comprehensive Income $ 9,339,085 $ 1,535,365
=========== ===========
Primary Earnings per Share $ 0.191 $ 0.032
=========== ===========
Fully Diluted Earnings per Share $ 0.115 $ 0.019
=========== ===========
Zenex International
Consolidated Balance Sheet
(In Thousands, Except Per Share Data)
2005 2004
------------ -----------
Assets
Current Assets
Cash $ 22,330,751 $ 2,500,561
Accounts receivable, net of allowance 4,614,895 4,756,142
Estimated earnings on uncompleted contracts 2,158,971 1,363,505
Prepaid expenses & other 185,038 205,021
------------ -----------
29,289,655 8,825,229
------------ -----------
Non-Current Related Party Receivable 1,801,133 1,730,340
------------ -----------
Property and Equipment 2,069,686 1,839,807
Less: accumulated depreciation (879,737) (1,387,818)
------------ -----------
1,189,949 451,989
------------ -----------
Other
Investments 423,110 5,740
Deferred tax asset - 35,000
------------ -----------
423,110 40,740
------------ -----------
$ 32,703,847 $11,048,298
============ ===========
Liabilities and Stockholders' Equity
Current Liabilities
Current portion of long-term debt $ 213,410 $ 734,257
Accounts and subcontract payables 11,825,466 3,935,652
Accrued liabilities 250,883 253,329
Insurance payable 40,458 245,099
Income tax payable 5,349,105 112,002
Billings in excess of costs and estimated
earnings on uncompleted contracts 97,784 225,088
------------ -----------
17,777,106 5,505,427
------------ -----------
Long-Term Debt (Net of Current Portion) 81,980 181,195
------------ -----------
Deferred Income Taxes 144,000 -
------------ -----------
Zenex International
Consolidated Balance Sheet Continued
(In Thousands, Except Per Share Data)
Stockholders' Equity
Preferred stock ($0.001 par value,
20,000,000 shares authorized, no shares
issued and outstanding) - -
Common stock ($0.001 par value,
100,000,000 shares authorized, 48,737,921
and 48,737,921 shares issued and
outstanding at December 31, 2005 and 2004) 48,738 48,738
Paid-in capital 4,860,632 4,860,632
Unrealized gain (loss) on available-for-
sale securities (3,569) (17,715)
Retained earnings 9,794,960 470,021
------------ -----------
14,700,761 5,361,676
------------ -----------
$ 32,703,847 $11,048,298
============ ===========
Contact:
General Inquiries:
Cameron Associates
John McNamara, 212-554-5485
john@cameronassoc.com
--------------------------------------------------------------------------------
Source: Zenex International, Inc.
HSPR .13 x .1650 Low volume but up 35% today.
See 8K filed yesterday. Looks like a huge bump in projected homes to be built in 2006 with Hesperia's roof truss sytems, from 500 as projected in Nov 2005 PR to 2000 in Jan 2006, either way a big jump from last years 168 homes, so we'll see when contracts done!! HSPR also states there could be a significant increase in revenue in 2006. Do your own DD!
Form 8-K for HESPERIA HOLDING INC
--------------------------------------------------------------------------------
11-Jan-2006
Other Events
Item 8.01 Other Information
On November 1, 2005, Hesperia Holding issued a press release discussing its arrangement with Frontier Homes, a major tract home developer in the Inland Empire. Frontier Homes, which recently integrated with Prestige Homes, anticipates building up to 2000 homes in 2006 and will place final purchase orders with Hesperia Truss, Inc. to supply its truss and roof package needs. During the summer of 2005, Hesperia Truss Inc. built over 168 home roof packages for Frontier Homes. With this latest arrangement Hesperia Truss, Inc. anticipates adding a significant amount in revenue during 2006.
A copy of the press release is attached hereto as Exhibit 99 .
Section 9 - Financial Statements and Exhibits
Item 9.01 - Exhibits
(c) Exhibit.
Exhibit Number Exhibit Title of Description
99 Hesperia Press Release, dated November 1, 2005.
Go to edgar to view Nov2005 PR!
http://www.sec.gov/cgi-bin/browse-edgar?company=hesperia+holding+inc&CIK=&filenum=&State...
GLTA :o) hitex
NCNC after the bell PR looks promising, hope they can deliver!!
Press Release Source: New Century Companies Inc.
New Century Companies Issues Positive Investor Update
Tuesday November 1, 4:22 pm ET
LOS ANGELES, CA--(MARKET WIRE)--Nov 1, 2005 -- New Century Companies, Inc. (OTC BB:NCNC.OB - News), a leading U.S.-based manufacturer and re-manufacturer of machine tools, today announced the issuance of the following investor update, which is being disclosed to the investment community this week. Text of the update is as follows:
"New Century is seeing an unprecedented surge in orders and customer interest. In the third quarter of 2005 alone, its bookings totaled more than half its entire sales for 2004. Put another way, its current rate of orders is more than 100% above last year's.
Why the dramatic upturn?
The answer is in the U.S. economy, which has shown surprising strength overall and is especially strong in areas served by New Century's products. The just-issued GDP report pointed to a sharp rise in business-equipment spending. Energy exploration and development continues to boom as oil stays at or near $60 a barrel and producers' profits hit record levels. Construction has continued at a robust pace despite an especially destructive hurricane season. And post-hurricane rebuilding should accelerate in the fourth quarter and add to the already high demand for construction-related machinery.
Low Cost, High Performance
New Century makes money from all this activity by producing machine tools, primarily large lathes known as "vertical turning centers" (VTCs). These are used to make machine components for a wide range of uses in aerospace, defense, oil and gas production, power generation, shipbuilding, transportation, mining and construction. New Century is primarily a re-manufacturer, making new state-of-the-art systems on cast bases of older tools. This process is much cheaper -- generally 40% to 60% less -- than building new machines, with no sacrifice in precision and performance.
The Latest News: New Orders, a Cash-Flow Milestone and a Listing on the Way
-- During the July-September (third) quarter, New Century announced $2.74
million in new orders for re-manufactured VTCs. By comparison, sales for
all of 2004 totaled $4.6 million. Added to sales already recorded in the
first half of 2005, the third quarter orders bring the total so far in 2005
to $5.38 million, or 16% above the total for all of 2004.
-- The surge shows no sign of stopping. During October, New Century
announced $950,000 in new orders for VTCs.
-- The dollar amount of requested quotes -- $8 million since the
beginning of September -- is at an unusually high level for New Century.
Quotes have proven to be a reliable indicator of future sales.
-- New Century says its cash flow from new and pending orders has
improved so sharply that it sees no need for further outside capital to
fund its expansion.
-- The company now expects to apply for exchange listing, on either the
Amex or NASDAQ markets, during 2006.
Looking Ahead: Continued Growth in Machine Tools with a New Boost from Quilite(TM)
At its third-quarter clip, New Century is on track to book nearly $11 million in annual revenue. And summer is typically a slow time in the machine-tool business, so the sales pace actually could accelerate. Adding to revenue in the fourth quarter will be a new manufacturing operation, in which New Century makes sound-absorbing modules from Quilite(TM). This is a lightweight, easy-to-install material that is increasingly being used as a substitute for concrete in freeway sound walls and related uses. The company expects Quilite sales to grow rapidly in 2006, but it does not foresee a need for new manufacturing capacity."
Forward-looking statement: Except for historical information, this press release may contain forward-looking statements, which reflect the Company's current expectations regarding future events. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those statements. Those risks and uncertainties include, but are not limited to, changing market conditions, and other risks detailed from time to time in the Company's ongoing filing with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in this document might not occur.
Contact:
FOR FURTHER INFORMATION:
AT NEW CENTURY COMPANIES:
David Duquette
President and CEO
Ph: 562-906-8455
david@newcenturyinc.com
AT INVESTOR RELATIONS INTL.:
Haris Tajyar
Managing Partner
Ph: 818-382-9702
htajyar@irintl.com
-----------------------------------------------------------------
Source: New Century Companies Inc
MYCO News just out. More positive outlook here, IMHO!
Press Release Source: Mycom Group, Inc.
Mycom Expands mailMAX Channel Program Nationally
Tuesday May 3, 8:50 am ET
CINCINNATI--(BUSINESS WIRE)--May 3, 2005--Mycom Group, Inc. (OTCBB:MYCO - News), a technology products, managed services, and software development company, is introducing a new National Channel Sales Program at the 2005 Networld+Interop technology show in Las Vegas. The program contracts Value Added Resellers to resell the mycomPRO® mailMAX(TM) service.
One of the barriers to taking on a new product for a reseller is the learning curve and support. CEO Rob Bransom commented, "Our channel program lets resellers deliver a service their clients need without any heavy investment in training or equipment. Resellers leverage our infrastructure and our technical resources to immediately deliver a solution."
"As a reseller, I love this product!" stated Allen Stringfellow, Vice President of Operations at Magnolia Bell Data Systems, Inc. "When we show mailMAX(TM) to customers and demonstrate all of its features, it practically sells itself. I've found that customers particularly love the reporting tool. They like being able to see what is coming in and out of their network and who is sending it."
"We have evaluated reseller arrangements with a few select partners. Their success stories have been growing and we've decided to expand the program. At Networld+Interop we will be actively recruiting established and successful resellers throughout the country," explained Mycom's Vice President of Managed Services, Chad Mattix.
Resellers have a choice of referring their clients to Mycom in exchange for a monthly commission, or they can control the customer relationship and handle the sales and billing process directly. For either option, Mycom provides the technical support infrastructure and sales training. The program can also be set up as a private label solution for large ISPs or vendors, based on volume commitments.
"The flexibility of our program is very attractive. We have had resellers selling to their clients even before the reseller agreement with us was finalized," noted Mattix.
The channel program is designed for experienced and professional reseller organizations looking for a recurring revenue stream. Service delivery, technical support, sales materials, and service development is provided by Mycom Group to support the reseller channel.
CEO Bransom stated, "Mycom's long term goal is to have 75% or more of mailMAX(TM) revenue come from the reseller channel."
mailMAX(TM) provides protection from the risks of email. As a managed service, mailMAX filters out junk email, eliminates embedded viruses, places a barrier between mail servers and the Internet to discourage hacking attempts, enables content scanning for harassing or inappropriate content with liability potential, lets firms append legal disclaimers to messages, and provides flexible tools for monitoring and enforcing office email policies. Email encryption is a new add-on feature.
mailMAX(TM) was recently chosen as one of the best email scanning services by Network World Magazine. For details on mailMAX(TM) see www.mycomPRO.com.
About Mycom Group Inc.
The Mycom Group, Inc. is a technology solutions and managed services provider to businesses and organizations throughout North America. It markets a wide range of software, hardware, enterprise solutions and technology services. Mycom develops and markets new applications and services using the mycomPRO® brand name, and as a private label. Mycom, headquartered in Cincinnati, Ohio, is on the web at www.mycom.com.
NOTE: This Mycom Group press release may contain certain forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws. Such statements are subject to certain risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. Important risks and uncertainties, among others, that could cause actual results to differ materially from those described in these statements include the strength of the U.S. economy and other factors. For additional information about Mycom Group, Inc. please refer to the current Forms 10-KSB and 10-QSB as filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Mycom Group, Inc.
Chad Mattix, 513-404-8329
Email: cmattix@mycom.com
--------------------------------------------------------------------------------
Source: Mycom Group, Inc.
WOW, MYCO up 40%. Trading at .03 x .0370 vol 360K!! Goooo!
Here's the news again! GLTA!
Press Release Source: Mycom Group, Inc.
Mycom Adds Encryption Security to Email Service
Monday May 2, 8:50 am ET
LAS VEGAS--(BUSINESS WIRE)--May 2, 2005--Mycom Group, Inc. (OTCBB:MYCO - News), a technology products, managed services, and software development company, is introducing a new managed service, mailMAX(TM) with Encryption, at the 2005 Networld+Interop technology show in Las Vegas.
ADVERTISEMENT
Mycom's Chief Executive Officer, Rob Bransom, explained the need for encryption. "As legal organizations and corporations deal with Sarbanes-Oxley requirements, and health care providers face the privacy restrictions imposed by HIPAA, the need to secure email is critically important. Encryption allows organizations to retain the cost savings and speed of email, but still keep the communication secure."
mailMAX(TM) with Encryption automates the process of encrypting and decrypting Internet email, and eliminates the need for expensive hardware to purchase or support.
"We are making email encryption easy," stated Vice President of Managed Services Chad Mattix. "Our solution builds on PGP's encryption technology and delivers that level of security with the benefits of immediate deployment, effective and reliable service, minimal management effort, and transparency to email sender and recipient,"
In February Mycom entered into an agreement with PGP Corporation, a global leader in enterprise encryption solutions, to include award winning PGP® Universal encryption in mycomPRO® mailMAX(TM). The new feature provides all the advantages of private key encryption without the limitations of many current solutions. Mycom completed beta testing of the new encryption functionality in April.
mailMAX provides protection from the risks of email. As a managed service, mailMAX filters out junk email, eliminates embedded viruses, places a barrier between mail servers and the Internet to discourage hacking attempts, enables content scanning for harassing or inappropriate content with liability potential, lets firms append legal disclaimers to messages, and provides flexible tools for monitoring and enforcing office email policies.
mailMAX was recently chosen as one of the best email scanning services by Network World Magazine. For details on mailMAX see www.mycomPRO.com.
About PGP Corporation
Recognized worldwide as a leader in enterprise encryption technology, PGP Corporation develops, markets, and supports products used by more than 30,000 enterprises, businesses, and governments worldwide, including 90% of the Fortune 100 and 75% of the Forbes International 100. PGP products are also used by thousands of individuals and cryptography experts to secure proprietary and confidential information.
During the past 10 years, PGP® technology has earned a global reputation for standards-based, trusted security products. It is the only commercial security vendor to publish source code for peer review. The unique PGP encryption product suite includes PGP Universal - an automatic, self-managing, network-based solution for enterprises-as well as desktop, mobile, and FTP/batch transfer solutions. Contact PGP Corporation at www.pgp.com or 650-319-9000.
About Mycom Group Inc.
The Mycom Group, Inc. is a technology solutions and managed services provider to businesses and organizations throughout North America. It markets a wide range of software, hardware, enterprise solutions and technology services. Mycom develops and markets new applications and services using the mycomPRO® brand name, and as a private label. Mycom, headquartered in Cincinnati, Ohio, is on the web at www.mycom.com.
NOTE: This Mycom Group press release may contain certain forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws. Such statements are subject to certain risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. Important risks and uncertainties, among others, that could cause actual results to differ materially from those described in these statements include the strength of the U.S. economy and other factors. For additional information about Mycom Group, Inc. please refer to the current Forms 10-KSB and 10-QSB as filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Mycom Group, Inc.
Chad Mattix, 513-404-8329
Email: cmattix@mycom.com
--------------------------------------------------------------------------------
Source: Mycom Group, Inc.
OT: Crude Oil down 2.65 to 51.55! WOW, finally returning to earth, as the gouging takes a reprieve, it appears!
Southwall head fake! Could go either way, hopefully a nice pop coming soon, IMHO! GLTA still here!
SWTX up 6.5% so far today, now 1.61 x 1.62 on 76500 volume!
WIRX just gettin' started IMO! Next resistance on L2 is $5!
Will rocket up if a little more buying pressure, as volume now at 234K!!!!
WIRX PR re: Business Outlook is very positive here!
Business Outlook
The company plans for the balance of 2005 to focus on expanding the variety of phone brands it sells and the addition of entertainment accessories like MP3 players. This initiative, along with enhanced sales and marketing activities, allow the Company to increase its full-year revenue guidance from a 20% increase in sales versus 2004 to a 30% increase. The Company today is also increasing its projected net income from its previously announced increase of 30% compared with 2004 to 50% for 2005.
Go WIRX, maybe $5 later this year with .13eps this qtr!!
WIRX News today is HUGE!
Press Release Source: Wireless Xcessories Group, Inc.
Wireless Xcessories Group Reports First Quarter Results. Sales Increase 57%, Helping Net Income Rise 745%
Monday April 25, 11:00 am ET
Company Increases 2005 Revenue and Earnings Guidance
HUNTINGDON VALLEY, Pa.--(BUSINESS WIRE)--April 25, 2005--Wireless Xcessories Group, Inc. (OTCBB:WIRX - News), a nationwide distributor of over 4,000 accessories for cellular phones and other wireless devices, announced today its results for the first quarter ended March 31, 2005.
The company reported revenue of $4,955,000, an increase of 57% compared to $3,151,000 for the same period in fiscal 2004. Wireless Xcessories Group had net income of $575,000, or $0.13 per basic and diluted share, an increase of 745% compared to net income of $68,000, or $0.01 per basic and diluted share in the same period for 2004.
Steve Rade, CEO stated: "The combination of new products, increased sales and Internet distribution has resulted in our strong increase in revenue and earnings."
"New products such as the IPOD, MP3, PDA, Bluetooth, and OEM accessories along with the distribution of phones helped us to penetrate new markets, in addition to funneling more product categories to our regular customer base. The investments we made in additional sales personnel have paid off. We increased our sales organization by 20%, which has allowed us to expand our marketing to new dealers and provide better service to our current customers. In addition to the increase in our sales force, we saw strong growth from our IndustrialStrengthCellular.com accessory website. As of April 1st, we had 500 partners with 5,000 storefronts. The site serves to enhance our relationships with wireless dealers, who expand their commitment to selling our products by affiliating with our website."
Business Outlook
The company plans for the balance of 2005 to focus on expanding the variety of phone brands it sells and the addition of entertainment accessories like MP3 players. This initiative, along with enhanced sales and marketing activities, allow the Company to increase its full-year revenue guidance from a 20% increase in sales versus 2004 to a 30% increase. The Company today is also increasing its projected net income from its previously announced increase of 30% compared with 2004 to 50% for 2005.
We recently applied for listing on the American Stock Exchange and are waiting to receive approval of our application.
Wireless Xcessories Group, Inc. designs and distributes a range of accessories for cellular phones throughout the United States and Canada. The Company offers in excess of 4,000 items that include rechargeable batteries, personal and vehicle hands free kits, portable and vehicle antennas, in-car and travel chargers, and plain and colored carrying cases. The Company sells to dealers and distributors through an in-house sales force and directly from its website, www.wirexgroup.com. Wireless Xcessories also creates customized e- commerce websites, Industrial Cellular Strength.com, for its dealers and produces 2 product line catalogs that are circulated nationally and internationally.
This press release contains forward-looking statements, Actual results may differ materially from the forward-looking statements. All such statements may involve risk and uncertainties, including without limitation, whether the new product lines will have a positive impact on sales and profits, as well as any other assertions and risks detailed in the Wireless Xcessories Group, Inc. filings and reports with the Securities and Exchange Commission. Such statements are only predictions and actual events or results may differ.
--------------------------------------------------------------------------------
Contact:
Wireless Xcessories Group, Inc.
Dan Kenderdine, 800-233-0013 x 1404
or
CEOcast
Ed Lewis, 212-732-4300
--------------------------------------------------------------------------------
Source: Wireless Xcessories Group, Inc.
WIRX now 3.80 x 3.85 on volume of 85K!! Good News!
WIRX News just out!!
Press Release Source: Wireless Xcessories Group, Inc.
Wireless Xcessories Group Reports First Quarter Results. Sales Increase 57%, Helping Net Income Rise 745%
Monday April 25, 11:00 am ET
Company Increases 2005 Revenue and Earnings Guidance
HUNTINGDON VALLEY, Pa.--(BUSINESS WIRE)--April 25, 2005--Wireless Xcessories Group, Inc. (OTCBB:WIRX - News), a nationwide distributor of over 4,000 accessories for cellular phones and other wireless devices, announced today its results for the first quarter ended March 31, 2005.
The company reported revenue of $4,955,000, an increase of 57% compared to $3,151,000 for the same period in fiscal 2004. Wireless Xcessories Group had net income of $575,000, or $0.13 per basic and diluted share, an increase of 745% compared to net income of $68,000, or $0.01 per basic and diluted share in the same period for 2004.
Steve Rade, CEO stated: "The combination of new products, increased sales and Internet distribution has resulted in our strong increase in revenue and earnings."
"New products such as the IPOD, MP3, PDA, Bluetooth, and OEM accessories along with the distribution of phones helped us to penetrate new markets, in addition to funneling more product categories to our regular customer base. The investments we made in additional sales personnel have paid off. We increased our sales organization by 20%, which has allowed us to expand our marketing to new dealers and provide better service to our current customers. In addition to the increase in our sales force, we saw strong growth from our IndustrialStrengthCellular.com accessory website. As of April 1st, we had 500 partners with 5,000 storefronts. The site serves to enhance our relationships with wireless dealers, who expand their commitment to selling our products by affiliating with our website."
Business Outlook
The company plans for the balance of 2005 to focus on expanding the variety of phone brands it sells and the addition of entertainment accessories like MP3 players. This initiative, along with enhanced sales and marketing activities, allow the Company to increase its full-year revenue guidance from a 20% increase in sales versus 2004 to a 30% increase. The Company today is also increasing its projected net income from its previously announced increase of 30% compared with 2004 to 50% for 2005.
We recently applied for listing on the American Stock Exchange and are waiting to receive approval of our application.
Wireless Xcessories Group, Inc. designs and distributes a range of accessories for cellular phones throughout the United States and Canada. The Company offers in excess of 4,000 items that include rechargeable batteries, personal and vehicle hands free kits, portable and vehicle antennas, in-car and travel chargers, and plain and colored carrying cases. The Company sells to dealers and distributors through an in-house sales force and directly from its website, www.wirexgroup.com. Wireless Xcessories also creates customized e- commerce websites, Industrial Cellular Strength.com, for its dealers and produces 2 product line catalogs that are circulated nationally and internationally.
This press release contains forward-looking statements, Actual results may differ materially from the forward-looking statements. All such statements may involve risk and uncertainties, including without limitation, whether the new product lines will have a positive impact on sales and profits, as well as any other assertions and risks detailed in the Wireless Xcessories Group, Inc. filings and reports with the Securities and Exchange Commission. Such statements are only predictions and actual events or results may differ.
--------------------------------------------------------------------------------
Contact:
Wireless Xcessories Group, Inc.
Dan Kenderdine, 800-233-0013 x 1404
or
CEOcast
Ed Lewis, 212-732-4300
--------------------------------------------------------------------------------
Source: Wireless Xcessories Group, Inc.
hweb re: WIRX surmising, agree, could happen!
thx, hitex
WIRX up .15 on 25K volume! Now 3.10 x 3.15! News, anyone?
NYER going nuts today, up 60%!
ZENX NEWS!
Press Release Source: Zenex International, Inc.
Zenex Subsidiary Aduddell Roofing Reports Record Year
Monday April 4, 2:37 pm ET
OKLAHOMA CITY--(BUSINESS WIRE)--April 4, 2005--Zenex International, Inc. (OTCBB:ZENX - News) is a holding company with one subsidiary company currently, Aduddell Roofing, Inc. Aduddell Roofing is a recognized leader in the United States in the roofing industry. In its 2004 Annual Report (Form 10-KSB) filed with the United States Securities and Exchange Commission today, the Company reports a number of record results. Some of the records that Aduddell achieved this year included:
Record revenues of $27,828,362, a 44% increase over our 2003 record of $19,309,814;
Operating income before taxes of $2,556,623 for 2004 compared to $1,678,610 for 2003, which is a 66% increase;
Total assets increased from $8,239,663 to $11,635,298 in 2004, a 41% increase;
Shareholders' equity increased to $5,361,676 in 2004 from $3,826,311, an increase of 40%;
Net cash increased from $400,407 to $2,500,561;
Despite increases in insurance costs, higher fuel and labor costs, the Company decreased operating expense as a percentage of sales from 92% for 2003 to 91% for 2004.
"Aduddell is an emerging leader in the commercial roofing industry nationwide. The work we've done in the past several years to focus our business on our core competencies and the strategic plans to expand our Company have given Aduddell a distinct competitive advantage in the marketplace," reports Ron Carte, Chairman/CEO of Zenex.
Safe Harbor -- This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
--------------------------------------------------------------------------------
Contact:
Zenex International, Inc., Oklahoma City
Ron Carte, 405-691-0228
roncarte@aduddell.com
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Source: Zenex International, Inc.
Top 10 Holdings as of 04/01/05, subject to Q2 change!
SWTX,PDGE,JMIH,MMRK,USOO,WIRX,CXTI,ZENX,XTND,ROBE....
ROBE 10K out today! GLTA longs!
Form 10-K for ROYAL BODYCARE INC/NV
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31-Mar-2005
Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
The following discussion and analysis of financial condition and results of operations should be read in conjunction with the audited consolidated financial statements and notes thereto appearing elsewhere in this report.
Overview
We operate in two industry segments, Nutritional Products and Medical Products. In the United States, Canada and Japan, we distribute Nutritional Products directly through a network of independent Associates. In markets other than the United States, Canada and Japan, we distribute Nutritional Products through exclusive license arrangements with third parties, who distribute our products through network marketing in the licensed territory. We distribute Medical Products in the United States to hospitals, nursing homes, clinics and pharmacies through traditional medical/surgical supply dealers and pharmaceutical distributors.
We account for payments made to our Associates in accordance with Emerging Issues Task Force Issue ("EITF") No. 01-9, Accounting for Consideration Given by a Vendor to a Customer (Including a Reseller of the Vendor's Products). As a result, we have presented the portion of Associate sales incentive payments representing rebates as reductions to sales rather than as distributor commissions. We have reclassified the appropriate amounts for all periods presented by reducing sales and distributor commissions by equal amounts. These reclassifications had no effect on operating profit (loss), net earnings (loss), or earnings (loss) per share.
Sales. Consolidated net sales in dollars and as a percentage of consolidated net sales are as follows:
Years Ended December 31
-------------------------------------------------------------------
2004 2003 2002
-------------- ----------------------------- --------------
(U.S. dollars in 000's)
Nutritional Products:
Associate network $ 10,213 56 % $ 12,947 72 % $ 19,998 82 %
Licensees 5,759 31 % 3,656 20 % 3,082 13 %
- ------ --- - --- ------------- ------- - - ------ --- -
15,972 87 % 16,603 92 % 23,080 95 %
Medical Products 2,294 13 % 1,537 8 % 1,170 5 %
- ------ --- - --- ------------- ------- - - ------ --- -
$ 18,266 100 % $ 18,140 100 % $ 24,250 100 %
- ------ --- - --- ------------- ------- - - ------ --- -
Associate network. We sell Nutritional Products to Associates who purchase products for personal consumption or for resale to retail customers; Associates also sponsor new Associates who also engage in these
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activities. Consequently, sales in this distribution channel are dependent upon the number and productivity of our Associates. Associates pay for product purchases prior to shipment, mainly through the use of credit cards, and we recognize sales when we ship products to the Associates. We compensate Associates for their sales activities through our Associate compensation plan. This plan allows Associates to earn higher commissions as their sales and the sales of their downline Associates increase.
The following table sets forth the Associate network sales by geographic region as a percentage of total sales for the periods indicated:
For the Years Ended December 31,
--------------------------------------
2004 2003 2002
-------- -------- --------
United States 78 % 79 % 81 %
Canada 21 20 17
Japan 1 1 2
-------- -- -------- -- -------- -
100 % 100 % 100 %
-------- -- -------- -- -------- -
Sales through this channel have declined because of the low rate of sponsorship of new Associates by the current Associate network. This is discussed further below under the caption "Results of Operations - 2004 Compared with 2003 - Sales." In general, we believe that it is more difficult to build a growing Associate network in North America than in other markets because of the large number of companies competing for time, attention and commitment of individuals interested in the opportunity presented by network marketing. For this reason, we are considering expansion into new international markets to increase sales through this distribution channel. There is no assurance that we will undertake this expansion and any decision to establish operations in a new market would be contingent on obtaining outside financing on terms acceptable to us.
Licensees. We sell Nutritional Products to third parties who purchase products from us in accordance with a license arrangement that gives the licensee exclusive rights to distribute our products in the licensed territory. The licensee is required to distribute our products in its territory through network marketing. We do not maintain inventory to fulfill licensee orders; licensees are required to pay us a 50% deposit with their orders and then pay the balance when products are ready to ship. We recognize sales when we ship products to the licensees. Licensees also pay us a monthly royalty based on sales in their territories. We record these royalties as sales. Our sales in this distribution channel are dependent upon the licensee's success in building an Associate network in the licensed territory. Gross profit on sales to licensees is significantly less than on sales to our Associate network because we do not pay Associate commissions or incur other expenses related to the Associate network in the licensed territory.
Our principal licensee is Coral Club International ("CCI"). In July 2004, we entered into a ten-year exclusive license agreement, which replaced the expiring five-year license agreement, giving CCI distribution rights in 31 countries, including mainly countries of the former Soviet Union and Eastern Europe. CCI accounted for 97%, 97% and 75% of licensee sales in 2004, 2003 and 2002, respectively. The President of CCI is a former member of our Board of Directors and owns approximately 20% of our outstanding common stock.
Medical Products. We sell Medical Products primarily to wholesalers such as medical/surgical dealers and pharmaceutical distributors. These wholesalers supply various health care providers such as hospitals, nursing homes, clinics and pharmacies. Our sales force, which is comprised of employed sales representatives and independent manufacturer representatives, markets our products to both wholesalers and health care providers. In some cases, wholesalers maintain their own sales forces to market products that they supply, which include our products. We sell to wholesalers on terms that generally require payment within 30 to 45 days. We recognize sales when products are shipped. Manufacturer representatives receive a percentage of sales as compensation, which percentage varies by product.
During 2004, a medical/surgical dealer significantly expanded its business and, as a result, increased its purchases of our medical products. This dealer accounted for 37%, 8% and 1% of Medical Products sales in 2004, 2003 and 2002, respectively.
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Cost of Sales. Cost of sales primarily consists of costs related to (i) product ingredients we manufacture such as raw materials, labor and overhead directly associated with production activities, (ii) products and sales materials purchased from third party manufacturers and suppliers for resale, (iii) import duties, (iv) freight and (v) provisions for slow moving or obsolete inventory. Cost of sales and gross profit vary based on the sales mix of products sold within a distribution channel as well as the mix of product sales among distribution channels.
Distributor Commissions. Distributor commissions consist primarily of commissions paid to our Associates in accordance with our Associate compensation plan. These commissions are calculated based on the total monthly sales by the Associate and his or her downline organization. Associates can qualify to receive additional commissions as sales in their organizations expand. Most commissions are paid to Associates monthly. Total Associate commissions average approximately 35% of sales in this distribution channel. In accordance with EITF 01-9, sales incentives paid to Associates that represent rebates are recorded as a reduction of sales rather than distributor commission expense. Associates earn rebates based on their personal monthly sales and the level at which they qualify under the Associate compensation plan. We also classify commissions paid to manufacturer representatives who sell Medical Products as distributor commissions. Total commissions to manufacturer representatives average less than 2% of Medical Products sales.
General and Administrative. General and administrative expenses include wages and benefits, rents and utilities, travel, promotion and advertising including Associate events, and professional fees along with other marketing and administrative expenses. Wages and benefits represent the largest component of selling, general, and administrative expenses.
Critical Accounting Polices and Estimates
Our consolidated financial statements included in this report have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP"). Our significant accounting policies are described in Note B to the consolidated financial statements. The preparation of financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying footnotes. Those estimates and assumptions are based on historical experiences and changes in the business environment. However, actual results may sometimes differ materially from estimates under different conditions. Critical accounting policies and estimates are defined as both those that are material to the portrayal of our financial condition and results of operations and that require management's most subjective judgments. We believe our most critical accounting policies and estimates are as described in this section.
Revenue Recognition. In accordance with Staff Accounting Bulletin No. 104, Revenue Recognition in Financial Statements ("SAB 104"), we recognize revenue at the point products are shipped, which is the point the risks and rewards of ownership pass to the customer. Under the terms of our license agreements, our licensees are required to make a cash deposit equal to 50% of the purchase order amount at the time the purchase order is placed, and allow two to three months for delivery. In addition, under our agreement with CCI, we segregate and store products for CCI in our warehouse and then ship them at a later date to locations designated by CCI in accordance with its business needs. As part of this agreement, CCI accepts ownership of and pays for the products as they are segregated in our warehouse for CCI's account. However, in accordance with SAB 104, we do not recognize revenue until the products are shipped. Deposits and payments received for unshipped products are recorded as deferred revenue and are included in accrued liabilities. As required by EITF 01-9, sales are recorded net of the rebate portion of sales incentives paid to Associates.
Intangible Assets. We review the carrying value of our goodwill and other intangible assets at the end of each year and at other times if events and circumstances warrant such a review. One of the methods used for this review is performed using estimates of future cash flows. If the carrying value of our goodwill or other intangible assets is considered impaired, an impairment charge is recorded for the amount by which the carrying value of the goodwill or intangible assets exceeds its fair value. We believe that the estimates of future cash flows and fair value are reasonable. Changes in estimates of such cash flows and fair value, however, could affect the evaluation.
Tax Valuation Allowance. We record a valuation allowance to reduce our deferred tax assets to the amount that is more likely than not to be realized. While we have considered future taxable income and ongoing
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prudent and feasible tax planning strategies in assessing the need for the valuation allowance, in the event we were to determine that we would be able to realize our deferred tax assets in the future in excess of its net recorded amount, an adjustment to the deferred tax asset would increase income in the period such determination was made. Likewise, should we determine that we would not be able to realize all or part of our net deferred tax asset in the future, an adjustment to the deferred tax asset would be charged to income in the period such determination was made.
Results of Operations
The following table sets forth our operating results as a percentage of sales for the periods indicated:
For the Years Ended December 31,
----------------------------------------
2004 2003 2002
-------- -------- --------
Sales 100.0 % 100.0 % 100.0 %
Cost of sales 35.9 32.6 34.5
-------- -- -------- ---- -------- --
Gross Profit 64.1 67.4 65.5
Operating expenses:
General and administrative 37.6 38.4 34.8
Distributor commissions 19.7 25.1 28.8
Depreciation and amortization 3.2 3.3 2.6
-------- -- -------- ---- -------- --
Total operating expenses 60.5 66.8 66.2
-------- -- -------- ---- -------- --
Operating profit (loss) 3.6 0.6 (0.7 )
Interest expense 1.5 1.7 1.6
Loss on disposition of assets - 0.9 0.1
Other (income) (0.8 ) (0.6 ) -
-------- -- -------- ---- -------- --
0.7 2.0 1.7
-------- -- -------- ---- -------- --
Earnings (loss) from continuing operations 2.9 (1.4 ) (2.4 )
Income tax expense (benefit) - (0.4 ) -
-------- -- -------- ---- -------- --
Earnings (loss) from continuing operations 2.9 (1.0 ) (2.4 )
Earnings from discontinued operations, net of tax - 0.4 0.1
-------- -- -------- ---- -------- --
Net earnings (loss) 2.9 % (0.6 )% (2.3 )%
-------- -- -------- ---- -------- --
2004 Compared with 2003
Sales. Our sales for the year ended December 31, 2004 were $18,266,000 compared with sales for the prior year of $18,140,000, an increase of $126,000 or 1%. This increase was due to a $757,000 increase in sales of our Medical Products that was partially offset by a $631,000 decrease in sales of our Nutritional Products. While sales of Nutritional Products to our licensees increased $2,103,000, sales of Nutritional Products to our Associate network declined $2,734,000.
The decline in sales to our Associate network relates to declines in the number of active Associates. We consider an Associate active if he or she has purchased during the previous 12 months. The decline in the number of active Associates results from low levels of sponsoring of new Associates by the current Associate network, which we largely attribute to the breach of a supply agreement by a former supplier, who was also a former member of our Board of Directors. In contravention of the supply agreement in force at the time, in May 2002, this former supplier refused to continue to supply his products to us and instead began to supply a competitor. Since this supplier supplied raw materials used in the production of our key products and was central to our brand, his departure dramatically reduced the confidence of our Associates as well as their motivation to introduce our products and our business to prospective new Associates.
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In an attempt to overcome the reduced sponsorship activity among our Associate network, we have taken a number of actions since mid-2002:
• Proprietary raw materials - We completed the development of proprietary raw materials to replace the ingredients previously purchased from our former supplier.
• New marketing message - We altered our marketing message to focus on nanotechnology, product benefits and the desirable lifestyle available to a successful Associate. In addition, we developed and introduced a new sponsoring system that is focused, simple and easy to explain to prospective Associates.
• Focused product strategy - We first categorized our diverse product line into three major product groups. We then developed and introduced new products in each product group, allowing us, in some cases, to eliminate redundant products from the product line.
• New marketing materials - We developed and introduced new marketing tools that support our marketing message for use by our Associates in sponsoring new Associates.
• Updated Associate compensation plan - We introduced changes to our Associate compensation plan to simplify the compensation plan and to encourage sponsoring.
• Corporate support - We have significantly increased the support, including financial support, we provide to Associates who are actively engaged in sponsoring activities.
While we believe these actions will ultimately increase the sponsorship of new Associates, we can give no assurance that the decline of active Associates will not continue.
The growth in sales to our licensees relates to growth of CCI. Sales to CCI increased $2,027,000 in 2004. CCI's sales growth is attributed to the continued expansion of the independent distributor network in CCI's territory.
During 2004, a medical/surgical dealer significantly expanded its business and, as a result, increased its purchases of our Medical Products. This increase in sales to this dealer accounted for substantially all of the sales increase in the Medical Products segment.
Cost of sales. Cost of goods sold for the year ended December 31, 2004 was $6,562,000 compared with cost of goods sold in the prior year of $5,910,000, an increase of $652,000 or 11%. As a percentage of sales, cost of goods sold was 36% in 2004 and 33% in 2003. As a percentage of sales, gross margin declined 3% in 2004 mainly because of the change in sales mix of Nutritional Products between sales to the Associate network and sales to licensees. The gross margin for products sold to licensees is lower than the gross margin for products sold to the Associate network because we sell to licensees at lower prices. Sales prices to licensees are lower since we do not pay Associate commissions or incur other expenses related to the Associate network in the licensed territory.
Distributor commissions. Our distributor commissions for the year ended December 31, 2004 declined as a result of the decline in sales to our Associate network. Distributor commissions for the year ended December 31, 2004 were $3,604,000 compared with distributor commissions in 2003 of $4,550,000, a decrease of $946,000 or 21%. With regard to our Associate network, distributor commissions as a percentage of commissionable sales were unchanged at 35%. On a consolidated basis, distributor commissions as a percentage of sales declined to 20% in 2004 compared with 25% in 2003. The percentage decline in relation to consolidated sales was mainly related to the change in sales mix of Nutritional Products between sales to the Associate network and sales to licensees because we do not pay distributor commissions on sales to licenses.
General and administrative. General and administrative expenses for the year ended December 31, 2004, were $6,869,000 compared with 2003 expenses of $6,967,000, a decrease of $98,000 or 1%. This decrease was the net of a $295,000 decrease in expenses in the Nutritional Products segment that was partially offset by a $197,000 increase in expenses in the Medical Products segment. The decrease in expenses in the Nutritional Products segment was mainly related to management's efforts to control and, where possible, reduce operating expenses. While we continued to improve operating efficiency in this segment in 2004, we realized reduced expenses mainly because of certain actions initiated in 2003. These actions included the reorganization and consolidation of several operating functions and a significant reduction in personnel and information technology expenses. General and administrative expenses in the Medical Products segment increased to support increased sales and marketing activities. As a percentage of sales, general and administrative expenses were 38% in 2004 and 2003.
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Index to Financial Statements
Other income. Other income represents payments received pursuant to the settlement in February 2003 of a lawsuit with a former supplier. Under the terms of the settlement, this supplier was obligated to make monthly payments calculated as a percentage of his gross revenues, as defined, up to an aggregate of $250,000. In accordance with this agreement, we received $148,000 in 2004 and $102,000 in 2003.
Net earnings (loss). Net earnings for the year ended December 31, 2004 were $537,000, or $.03 per share, compared with a net loss in the prior year of $105,000 or $.01 per share. This improvement resulted from the factors described above.
2003 Compared with 2002
Sales. Sales for the year ended December 31, 2003 were $18,140,000 compared with sales for the prior year of $24,250,000, a decrease of $6,110,000 or 25%. This decline was due to a decline in sales of our Nutritional Products of $6,477,000 that was partially offset by a $367,000 increase in sales of Medical Products. Sales of Nutritional Products to our licensees increased $574,000, while sales of Nutritional Products to our Associate network declined $7,051,000.
We believe that the principal factors affecting sales to our Associate network were the actions a former supplier and member of our Board of Directors. We entered into a written supply contract with this former supplier that gave us the right to purchase the principal ingredient in our top selling product, Microhydrin, and certain other proprietary raw materials. Sales of products containing these proprietary ingredients increased to a level that represented in excess of 50% of our consolidated sales volume. In contravention of our supply agreement, on May 24, 2002, this former supplier notified us that he had signed an agreement with a competitor granting it exclusive rights for the distribution of his products through network marketing, and that he would no longer supply us his products. Concurrent with this notification, our former supplier and two former Associates launched an aggressive negative campaign to entice our Associates to leave us and join this competitor. Related to these efforts, in breach of its license agreement with us, our European licensee announced it was doing business directly with our former supplier and discontinued purchasing products from us in May 2002. On May 29, 2002, we filed suit against our former supplier and certain related parties. In February 2003, we settled this litigation pursuant to an agreement that provided, among other things, for aggregate payments by the former supplier to us in the amount of $250,000.
In connection with the failure of our former supplier to supply us key product ingredients, we refined and completed the development of our own proprietary versions of these raw materials. We began shipping Microhydrin made with our proprietary raw materials on July 31, 2002. During 2003, we developed and introduced new marketing programs and Associate compensation plan incentives, which included the introduction of a new weight loss system, that were designed to stimulate the sales and recruiting efforts of our Associate network.
Cost of sales. Our cost of goods sold for the year ended December 31, 2003 declined significantly as a result of the decline in our sales. Cost of goods sold for the year ended December 31, 2003 was $5,910,000 compared with cost of goods sold in the prior year of $8,355,000, a decrease of $2,445,000 or 29%. As a percentage of sales, cost of goods sold was 33% in 2003 and 35% in 2002. As a percentage of sales, gross margin improved 2% in 2003. This was primarily due to the fact that our cost for key raw materials that we began manufacturing in-house in mid-2002 is less than our cost to purchase these materials, resulting in a gross margin improvement in 2003. However, this improvement was largely offset as a result of the change in sales mix of Nutritional Products between sales to the Associate network and sales to licensees. The gross margin for products sold to licensees is lower than the gross margin for products sold to the Associate network because we sell to licensees at lower prices. We sell at lower prices because we do not pay Associate commissions or incur other expenses related to the Associate network in the licensed territory.
Distributor commissions. Distributor commissions for the year ended December 31, 2003 declined significantly as a result of the decline in our sales. Our distributor commissions for the year ended December 31, 2003 were $4,550,000 compared with distributor commissions in 2002 of $6,987,000, a decrease of $2,437,000 or 35%. With regard to our Associate network, distributor commissions as a percentage of
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commissionable sales were unchanged at 35%. On a consolidated basis, distributor . . .
AHCKF .08 x .09 News out this AM.
Press Release Source: AMS Homecare Inc.
AMS Homecare Provides Additional Detail on Potential of Ultra Wideband Technology
Thursday March 31, 7:30 am ET
VANCOUVER, British Columbia, March 31 /PRNewswire-FirstCall/ -- AMS Homecare Inc. (OTC Bulletin Board: AHCKF - News) today provided additional background on the Ultra Wideband technology and the potential impact on the company of its previously announced agreement with Wireless 2000. AMS received the rights to distribute Wireless 2000's products into the health care, residential elder care, medical offices and hospital markets in North America.
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"This is an important and most significant development in the evolution of AMS Homecare," said CEO Harj Gill. "UWB technology's unique capabilities provide us the means to access the large North American hospital market. Previously, technological limitations of our system made it suitable only for elder care facilities.
"We believe the environment is ideal for the introduction of a UWB-based system. It provides greater flexibility, covers a greater area and allows fuller identification than systems currently in use. Additionally, it is relatively easy to install and more cost effective than current systems. The basic configuration can easily accommodate a small community or very large multi-building facilities with multi-level services from patient care to laboratories within the area," Gill added.
Gill noted that the company's recent upgrade of its IER remote diagnostics and monitoring software makes it an ideal fit with UWB technology. It will allow more comprehensive monitoring than is possible with the current hardware in use. It opens up new and, potentially, very large markets for the company. Among these is the market for remote monitoring and diagnostics services in hospitals, he added.
"UWB technology allows us to expand our efforts to include larger facilities. There are over 6,000 hospitals in the United States alone, all of which could benefit significantly from the use of the new system. For example, the location of equipment needed in an emergency can be precisely tracked. By knowing the exact location of each item, hospital staff could more quickly retrieve the equipment and move it to where it is needed, especially during emergency situations when time is extremely critical. This should improve the ability to deliver the highest possible patient care," Gill said.
"The module upgrade to the IER System was designed for seamless immediate integration to systems such as the UWB technology and database interface within one program," stated Ken Falcon, manager of IER Systems at AMS Homecare.
"The UWB enhancement to our emergency and security systems is an evolutionary step. It creates a new platform for users. This new platform will allow healthcare facilities to receive emergency calls, track critical patients, personnel and equipment in one global system. It will be a major enhancement to systems in all types of facilities. It has a very flexible mainframe that may be configured to suit many types of applications in healthcare. Its flexibility allows the addition of new features as they are developed. This new wireless technology should create additional demand for IER Systems as specific configurations are introduced in the coming months," Falcon added.
"Obviously, better use of equipment has security and cost savings implications at a time when hospitals are struggling to contain their costs. Scarce and expensive equipment and other materials such as drugs can be better protected against theft. It is possible that a hospital or other facility could reduce the amount of certain equipment it needs because equipment can be used more efficiently," Gill said.
Gill also said key staff members can be provided with transmitters so their whereabouts in the hospital is known. This information should make it easier to contact them and dispatch them to where they are needed.
Ambulatory patients can also be provided with transmitters. As they move throughout the facility, not only their location but key diagnostic data can be monitored. Because Ultra Wideband technology has excellent wall penetrating ability, patients can be monitored regardless of where they go in the facility. Elder care, psychiatric and other facilities where patients may become disoriented would be able to monitor the movement of vulnerable individuals. When they enter locations where their safety or well-being may be compromised, staff will be able to quickly intervene before an unsafe situation develops.
UWB has the additional advantage of being low power despite its extensive capability. This ensures it will not interfere with critical diagnostic equipment. It also does not require a license to install or operate, minimizing administration of the system.
Gill noted elder care and similar facilities have been AMS Homecare's primary markets and the company will continue marketing efforts directed toward them because they also stand to benefit from the capabilities of UWB technology.
The implications of using Ultra Wideband technology in hospitals and other healthcare settings go far beyond direct patient care. The ability of a facility to help avoid unsafe situations should, over the long-term, have a positive impact on its insurance costs. It will even be possible for several different facilities in an area to be linked together in a single system.
"We expect to begin marketing the new UWB-based system within a matter of months. We announced that we agreed with Wireless 2000 on terms providing that they will develop and deliver a commercially viable system within one year. We anticipate that it will not require the entire period specified for the system to be ready, although it is too early to predict actual delivery. The time interval provides us with an opportunity to develop a marketing strategy and acquire resources needed to effectively access the huge North American hospital, elder care medical office and other healthcare markets, which we estimate to be in the range exceeding US$2 billion," said Gill.
Gill stated that the healthcare market is only one application for UWB-based systems. There are a myriad of commercial and industrial applications including inventory control, equipment security and monitoring staff safety. AMS, over the longer term, will explore those opportunities. However, the immediate priority will be to capitalize on the healthcare market opportunity. He noted that a recent study of spending on security, the general category into which the system falls, indicates that demand for electronic security and monitoring products market is expected to grow by 8.7 percent and reach US$15.5 billion annually by 2008.
"This is a very robust market. We can grow dramatically and generate substantial increases in revenues and earnings even if we focus only on the healthcare niche," he added.
"We are still developing a pricing structure for the system for the UWB-based system," said Ms. Rani Gill, AMS Homecare president and chairman. "There are a variety of pricing options available ranging from outright purchase by a healthcare facility to a lease arrangement. We anticipate that we will also generate additional revenues beyond the original cost through agreements that involve maintenance and periodic upgrades of the new system.
"We expect the UWB-based system to generate better margins than the version of our IER system currently in use. This is because the capabilities of UWB technology do not require additional hardware, such as repeater stations, to achieve full coverage of a large facility like a hospital. This will also allow us to price the UWB system competitively with existing systems. We have not yet established specific pricing but, based on the cost of current systems, we will be able to recoup our investment very quickly, particularly as we penetrate the hospital market," Ms. Gill said.
Founded in 1989, AMS Homecare is a successful purveyor of mobility equipment, durable and disposable medical products and patient monitoring technology that is recognized for its innovation, quality and style. With a base of 300-plus dealer customers in Canada, the company is moving forward to strengthen its foundation and to build an organization capable of serving the independence needs of the aging populations in Canada and the United States. More information is available at http://www.amshomecare.com .
Safe Harbor Statement: Statements contained in this fact sheet relating to AMS Homecare that are not historical facts are "forward-looking" under the Private Securities Litigation Reform Act. Forward-looking statements are subject to risks and uncertainties, including, but not limited to: the company's ability to maintain strong relationships with its primary supplier and key dealers; the effects of competition from companies with greater resources; changes in manufacturers' distribution channels; fluctuations in foreign currency; the level of government reimbursement for users as well as other government regulations; the company's ability to retain key personnel; and, its ability to secure financing, notably to support its expansion into the U.S. market. These risks and uncertainties and others are enumerated in the company's most current filed Annual and Interim Reports and could cause actual results to differ materially from those projected or implied in the forward-looking statements. Except for the company's continuing obligation to disclose material information under federal securities law, it is not obligated to update its forward-looking statements.
--------------------------------------------------------------------------------
Source: AMS Homecare Inc.
MMRK dividend .0625/share!
Press Release Source: Mile Marker International, Inc.
Mile Marker International, Inc. Announces Quarterly Cash Dividend
Wednesday March 30, 3:28 pm ET
POMPANO BEACH, Fla.--(BUSINESS WIRE)--March 30, 2005--Mile Marker International, Inc. (OTCBB:MMRK - News), a specialty vehicle parts distributor, today announced the payment of a second quarter cash dividend of $0.0625 per common share.
Mile Marker International, Inc. today announced that its Board of Directors authorized the payment of a quarterly cash dividend of $0.0625 per common share on April 29, 2005 for all shareholders of record as of April 15, 2005.
Richard Aho, President and CEO of Mile Marker International, Inc., said: "We are expecting excellent financial results for the first quarter of 2005 powered by the continued strong growth in our commercial sales and supplemented by our military winch sales. We are continuing our practice of rewarding our shareholders with cash dividends while retaining approximately half of our earnings to fund our future growth. During this quarter, we moved our Washington State subsidiary into a new 20,000 square foot warehouse to better service our continually increasing customer demand for our electric winches from China. Our Company's dividend represents an annualized yield of 5.3% based on the Company's current share price of $4.70."
Mile Marker International, Inc., through its wholly-owned subsidiary, Mile Marker, Inc., is a manufacturer and distributor of specialized vehicle parts primarily for the four-wheel drive utility/recreational and military vehicle markets. The Company's unique patented hydraulic winch has received overwhelming acceptance by the U.S. military for installation on new and retrofitted Humvee vehicles.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other risks factors and uncertainties detailed in the Company's filings with the U.S. Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Mile Marker International, Inc., Pompano Beach
Al Hirsch, 954-782-0604
al@milemarker.com
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Source: Mile Marker International, Inc.
ROBE A .22 today! News out at close.
Press Release Source: Royal BodyCare, Inc.
Royal BodyCare Reports Higher Annual Earnings
Tuesday March 29, 3:59 pm ET
IRVING, Texas--(BUSINESS WIRE)--March 29, 2005--Royal BodyCare, Inc. (OTCBB:ROBE - News) today announced financial results for the year ended December 31, 2004 with net sales of $18,266,000 and net earnings of $537,000 or $.03 per share.
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Clinton Howard, CEO said, "Our increase in net earnings reflects the benefit of actions we took in 2003 to increase operating efficiency and reduce overhead. The net sales stated do not include $640,000 of finished products at our sales price held in our warehouse for customers who had paid in full, but who had not yet given us shipping instructions. The Company also had received, and was manufacturing, additional international orders for RBC products in the amount of $1,665,000."
Marketing Operations
"During the year, a number of experienced distributors began joining RBC, attracted by our new NanoCeutical(TM) products, by the enhanced commission plan incentive called 'Builder's Pool,' and by our advanced software systems that can now help distributors build and more conveniently manage their sales organizations."
During 2004 two new products were introduced -- Vanilla Slim Shake and 24Seven Life Essentials(TM) introduced as additions to the Company's line of NanoCeuticals(TM).
RBC's Platform Technology for Delivery of Nutrients
The Company manufactures high-quality nutritional supplements based on our platform technology by which we process nanoscale compounds that have multiple current and potential applications. We utilize a special form of silica less than 10 nanometers in size (a nanometer is one billionth of a meter). It is processed to create a unique form of silica compounds that physically come together and are manipulated to form geometric structures. They range in shape from pyramidal, cubical, or hexagonal to spherical, and in sizes from 3 nanometers to 100 nanometers. They can enclose or adsorb nutrients, and under specific conditions they cluster like bunches of grapes converting the nanoscale compounds into nanoclusters. They do not alter the form or structure of nutritional compounds, but they can improve flavors and nutrient delivery in four ways:
1) greater surface area can enhance flavors in the mouth.
2) conditions for absorption of nutrients in the gastrointestinal
tract can be optimized.
3) compatible nutrients may be introduced into the system that can
act both as a carrier and as the active substance, and they
can be engineered for either rapid release or delayed release
of nutrients.
4) nanoclusters can disassociate at prescribed pH shifts
(biological or environmental) to release the enclosed or attached nutrient molecules into the digestive tract at a programmed place and time. This permits sustained release where desired, as for the Company's antioxidant, Microhydrin® Plus(TM).
New RBC Nanoceuticals(TM)
During the year we introduced Vanilla Slim Shake, a delicious meal replacement. Healthcare professionals say that the main obstacle to correcting America's obesity epidemic is that people on bland or monotonous diets tend to become bored. They quit the low-calorie diets and return to their previous tasty but high-calorie diets. Vanilla Slim Shake, and its previously introduced companion, Chocolate Slim Shake(TM) were both formulated to solve that problem. They provide delectable meal replacements that people enjoy while losing weight and continue to take as a snack or meal even after they have lost their desired amount of weight.
This is made possible by the conversion of vanilla or chocolate into nanoscale clusters that expose more flavoring-surface areas to receptors in the mouth, creating an enhanced flavor without high calories.
During the year the Company formulated a complete and comprehensive nutritional supplement designed to fill the basic needs of anyone over twelve years old. It provides four capsules in easily-opened packets taken with each meal. The product is 24 Seven Life Essentials(TM) for "Nutrition Throughout the Day" It provides not only traditional vitamins and minerals, but also herbs, antioxidants, whole foods, plant extracts, fruits and berries, and has resulted in customer reports of renewed energy and wellbeing. It has become one of RBC's major products.
International Expansion
During the year, the Company signed a ten-year agreement that allows our licensee in the former Soviet Union to continue to develop that market, and to expand sales of RBC products into twelve new countries in Eastern Europe, Finland, Greece, Cyprus and Israel.
The Company also developed tentative plans to open a Company-owned office outside the U.S. subject to obtaining financing. RBC personnel completed a software system that enables the Company to process business operations in foreign countries, pay commissions seamlessly in local currencies, and manage sales organizations that cross borders into other countries.
The RBC Business
RBC formulates and manufactures quality-controlled nutritional supplements and skin care products in compliance with GMP standards. We market directly to independent distributors in North America, and through licensees in other countries, from our Las Colinas headquarters in Irving, Texas, and from our branch office in Vancouver, British Columbia, Canada.
MPM Medical Inc, a wholly owned subsidiary of RBC, develops and markets a unique line of research-based wound care products sold over-the-counter and by prescription through wholesalers, hospitals, clinics, cancer centers and nursing homes. During the year MPM expanded its U.S. sales force and customer base, and it began receiving its first international orders for wound care products shipped to hospitals in Iraq.
Forward-looking Statements
The statements above, other than statements of historical facts, may be forward-looking. Actual events will be dependent upon a number of factors and risks including but not limited to changes in plans by the Company's management, delays or problems in production, changes in the regulatory process, changes in market trends, and a number of other factors and risks described from time to time in the Company's filings with the Securities and Exchange Commission.
Royal BodyCare,Inc.
Year Ended December 31,
--------------------------
2004 2003
------------ ------------
Sales $ 18,266,000 $ 18,140,000
Earnings (loss) from continuing operations
before income taxes $ 537,000 $ (262,000)
Income tax expense (benefit) -- (82,000)
Earnings (loss) from continuing operations 537,000 (180,000)
Earnings from discontinued operations -- 75,000
------------ ------------
Net earnings (loss) $ 537,000 $ (105,000)
============ ============
Earnings (loss) per share:
Earnings (loss) from continuing
operations $ 0.03 $ (0.01)
Earnings from discontinued operations 0.00 0.00
------------ ------------
Earnings (loss) per share $ 0.03 $ (0.01)
============ ============
Weighted average shares outstanding -
basic 20,014,627 18,622,961
============ ============
Weighted average shares outstanding -
diluted 20,975,476 18,622,961
============ ============
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Contact:
Royal BodyCare, Inc., Irving
Steve Brown, 972-893-4000
steveb@royalbodycare.com
www.royalbodycare.com
--------------------------------------------------------------------------------
Source: Royal BodyCare, Inc.
Press Release Source: AMS Homecare Inc.
AHCKF .10 x .11 vol 94K Encouraging PR out today!
AMS Homecare Obtains Exclusive UWB Technology Rights
Monday March 28, 7:30 am ET
- -
- Advanced Technology Increases Systems' Capabilities -
- Advantages For Hospitals, Senior and Healthcare Facilities
VANCOUVER, British Columbia, March 28 /PRNewswire-FirstCall/ -- AMS Homecare Inc. (OTC Bulletin Board: AHCKF - News) announced today that it has entered into a binding agreement with Wireless 2000 of Burnaby, British Columbia ( http://www.wireless2000.com ) to acquire the exclusive distribution rights to distribute its products into the health care, residential elder care, medical offices and hospital markets in North America.
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AMS said Wireless 2000 has developed a patent pending Ultra Wideband (UWB) technology. It has agreed to develop and provide to AMS Homecare a human Heart and Respiration Rate Monitor (HRRM) and a Precision Location & Tracking System (PLT) for locating and tracking patients and equipment around hospitals and healthcare facilities.
Terms of the agreement call for Wireless 2000 to deliver a commercial product to AMS within one year. AMS will pay CDN$350,000 in total over this period to Wireless 2000 for the exclusive distribution rights. AMS will also pay a 15% royalty to Wireless 2000 on the revenues of all Wireless 2000 products sold.
The HRRM will consist of a small, lightweight, ultra-low emission UWB device suitable for monitoring elderly patients. The device will continuously send heart and respiration rate information to a designated monitoring station using conventional wireline or wireless communication technology.
AMS described the Precision Location & Tracking (PLT) system as a low cost, low maintenance, Real-Time system based on Ultra Wideband Technology. The system will have several receivers and a large number of tags (transmitters). A small, battery operated UWB transmitter tag that periodically emits a unique identifying code will be attached to each monitored patient. In a hospital environment, doctors, nurses, caregivers or "wandering" patients whose location needs to be monitored, could wear tags.
Ms. Rani Gill, AMS president, stated, "The introduction of these products will further increase revenues for the company and provide a real benefit to care facilities. There are numerous advantages of this UWB-based system over conventional RFID. These include that it is extremely low power making it more suitable to be used in the presence of other medical equipment without causing interference; it is capable of resolving location and existence in two or three dimensions; penetrating walls and other structures; and it is virtually undetectable due to its extremely low power, making its transmissions secure."
AMS Homecare said the introduction of UWB technology with its IER Systems Software allows AMS to become a leader in this field and will further enhance the IER System's remote diagnostics and monitoring capabilities, for senior and health care facilities. "The system will be able to precisely locate doctors, nurses, patients, and equipment within the building, saving the institution both time and money. The benefits to the homecare facility will be enormous," stated AMS chief executive officer Mr. Harj Gill.
AMS Homecare said in an announcement on February 23, 2005 that its IER Systems division is launching its new, updated software to enhance remote diagnostics and monitoring equipment for senior and health care facilities. IER Systems 2005 is scheduled to be fully operational by the end of March. "Combined with the UWB technology from Wireless 2000, we believe the IER system will be the most advanced available," Gill stated.
Wireless 2000 is a progressive research and development company bringing together highly qualified specialists with advanced academic degrees and extensive practical experience in RF, wireless communications, and Ultra WideBand (UWB) technology. The company provides comprehensive contract design, product development, and R&D services. At present, the company is focused on leveraging their experience in RF and wireless communications to exploit new market opportunities made available by the recent FCC decision to approve the deployment of UWB technology.
Founded in 1989, AMS Homecare is a successful purveyor of mobility equipment, durable and disposable medical products and patient monitoring technology that is recognized for its innovation, quality and style. With a base of 300-plus dealer customers in Canada, the company is moving forward to strengthen its foundation and to build an organization capable of serving the independence needs of the aging populations in Canada and the United States. More information is available at http://www.amshomecare.com .
Safe Harbor Statement: Statements contained in this fact sheet relating to AMS Homecare that are not historical facts are "forward-looking" under the Private Securities Litigation Reform Act. Forward-looking statements are subject to risks and uncertainties, including, but not limited to: the company's ability to maintain strong relationships with its primary supplier and key dealers; the effects of competition from companies with greater resources; changes in manufacturers' distribution channels; fluctuations in foreign currency; the level of government reimbursement for users as well as other government regulations; the company's ability to retain key personnel; and, its ability to secure financing, notably to support its expansion into the U.S. market. These risks and uncertainties and others are enumerated in the company's most current filed Annual and Interim Reports and could cause actual results to differ materially from those projected or implied in the forward-looking statements. Except for the company's continuing obligation to disclose material information under federal securities law, it is not obligated to update its forward-looking statements.
--------------------------------------------------------------------------------
Source: AMS Homecare Inc.
AHCKF up 71%, now .11 x .12! Today's PR has someone interested here! Take a look and see their news!
Press Release Source: AMS Homecare Inc.
AMS Homecare Sues TSX Venture in BC Supreme Court
Friday March 11, 7:00 am ET
VANCOUVER, British Columbia, March 11 /PRNewswire-FirstCall/ -- AMS Homecare Inc. (OTC Bulletin Board: AHCKF - News) today announced that it has filed a Statement of Claim in British Columbia Supreme Court alleging the TSX Venture Exchange and certain of its employees acted deliberately to delay the Company's reverse takeover (RTO) of Shoprider Canada Mobility between August 2000 and February of 2002.
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The Company says the improper actions of the Exchange cost the Company significant business opportunities for planned business growth and expansion. Although a total damage amount is not specified, the Company alleges that the delay of 12 - 15 months and the increased expense associated with the Exchange's actions cost the Company the loss of opportunities to expand its business in Canada and to implement a planned expansion into the United States that alone resulted in the loss of $75,000,000 to $100,000,000 in revenue over 5 years. The Company says that because of the problems described in the Statement of Claim it will only begin its United States expansion in the next few months and in a manner significantly modified from its original plans. The company estimates that it will seek damages including any potential penalties in an amount, approaching 100 million dollars, although it has yet to be finalized.
The suit also names a former company lawyer who is alleged to have breached his duties of loyalty and confidence to the company in communications with the Exchange after the Company had fired him and, which unknown to the Company, were used by the Exchange in its efforts to delay the RTO.
The Company's damage claim includes claims for conspiracy, abuse of the Exchange's public authority, bad faith, interference with economic relations and breach of contract. The Company also claims unspecified special damages, punitive damages, court order interest, and special costs.
The Company will provide updates on this matter as developments occur. The Directors and officers of the Company have privately funded the preparation of the lawsuit and will attempt to continue to do so to the best of their ability. The Company will be holding a conference meeting in the future to answer any questions which the shareholders, investors and media may have. For enquiries please direct calls to Mr. Daryl Hixt at 604-273-5173 ext 121.
The Writ and Statement of Claim were filed by the company's litigation counsel, Mr. Georges E. Sourisseau of the law firm of Taylor Sourisseau Mazzone Tatchell, in Vancouver, British Columbia.
About AMS Homecare
Founded in 1989, AMS Homecare ( http://www.amshomecare.com ) is a successful purveyor of mobility equipment, durable and disposable medical products and patient monitoring technology that is recognized for its innovation, quality and style. With a base of 300-plus dealer customers in Canada, the company is moving forward to strengthen its foundation and to build an organization capable of serving the independence needs of the aging populations in Canada and the United States.
Statements contained in this news release relating to AMS Homecare that are not historical facts are "forward-looking" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties, including, but not limited to: the company's ability to maintain strong relationships with its primary supplier and key dealers; the effects of competition from companies with greater resources; changes in manufacturers' distribution channels; fluctuations in foreign currency; the level of government reimbursement for users as well as other government regulations; the company's ability to retain key personnel; and, its ability to secure financing, notably to support its expansion into the U.S. market. These risks and uncertainties and others are enumerated in the company's most current filed Annual and Interim Reports and could cause actual results to differ materially from those projected or implied in the forward-looking statements. Except for the company's continuing obligation to disclose material information under federal securities law, it is not obligated to update its forward-looking statements.
--------------------------------------------------------------------------------
Source: AMS Homecare Inc.
SWTX PR just out!
Press Release Source: Southwall Technologies Inc.
Southwall to Present at the New York Display Investment Conference
Monday February 28, 2:00 pm ET
PALO ALTO, Calif.--(BUSINESS WIRE)--Feb. 28, 2005--Southwall Technologies Inc. (OTCBB:SWTX - News). a global developer, manufacturer and marketer of thin-film coatings for the electronic display, automotive glass and architectural markets, today announced today that it would present at the New York Display Investment Conference. Maury Austin, the company's Chief Financial Officer, is scheduled to present. The U.S. Display Consortium and Needham & Company sponsor the conference.
Where: The Roosevelt Hotel in New York City
Date: Tuesday, March 15, 2005
Time: 4:30 p.m. Eastern Time
About Southwall Technologies Inc.
Southwall Technologies Inc., designs and produces thin film coatings that selectively absorb, reflect or transmit light. Southwall products are used in a number of automotive, electronic display and architectural glass products to enhance optical and thermal performance characteristics, improve user comfort and reduce energy costs. Southwall is an ISO 9001:2000-certified manufacturer and sells advanced thin film coatings to over 25 countries around the world. Southwall's customers include Audi, BMW, DaimlerChrysler, Hewlett-Packard, Mitsubishi Electric, Mitsui Chemicals, Peugeot-Citroen, Philips, Pilkington, Renault, Saint-Gobain Sekurit, and Volvo.
--------------------------------------------------------------------------------
Contact:
Southwall Technologies Inc.
Maury Austin, 650-962-9111
maustin@southwall.com
--------------------------------------------------------------------------------
Source: Southwall Technologies Inc.
WIRX PR! AMEX listing will happen, too!
Press Release Source: Wireless Xcessories Group, Inc.
Wireless Xcessories Group, Nasdaq: Wirx, Reports Fourth Quarter and Full Year Results. Fourth Quarter Sales Up 39%, Net Income Up 250%, and Full Year Earning $.21 Per Share
Thursday February 24, 10:00 am ET
HUNTINGDON VALLEY, Pa.--(BUSINESS WIRE)--Feb. 24, 2005--Wireless Xcessories Group, Inc. (Nasdaq:WIRX - News), a nationwide distributor of over 4,000 accessories for cellular phones and other wireless devices, announced its results for the fourth quarter and full year ended December 31, 2004.
For the quarter the company earned $343,000 and $.07 per share, an increase of 250% over per share earnings in 2003. Sales grew to $4,177,000 an increase of 39%.
For the fiscal year ending 12/31/04, sales grew by 33% and the company earned $1,008,416 or $0.21 per share compared with a fiscal '03 Net loss of $164,000.
Steve Rade, CEO stated "We attribute our strong growth in 2004 to the two accessory product lines, Industrial Strength and The Platinum Collection we introduced this year. Our customers welcomed the opportunity to carry upgraded products with the higher profit margins they offer. Capitalizing on the growth of e-commerce, we have signed more than 450 dealers, some with more than 50 locations, to our Industrial Strength Cellular.com private labeled website. This will insure the fact that they continue to buy our products as their consumers see the variety and selection available to them."
Our expansion plans in 2005 involve 3 new areas of growth:
In January we signed a master distribution agreement with Hop-On. (OTC:HPON - News) who develops and markets wireless phones throughout the world. We began marketing these entry level phones to our dealer base in February. Also in February, we introduced a line of OEM accessories consisting of 3-400 new accessories for every phone from Audiovox to Sony/Ericsson. We also created an entertainment accessories division that sells products for Apple I-pods and MP3 players. We will be adding to this line over the coming months as we attempt to educate wireless dealers to the opportunities available in these new market segments.
Within the next 30-60 days we expect to apply for listing on the American Stock Exchange.
Wireless Xcessories Group, Inc. designs and distributes a range of accessories for cellular phones throughout the United States and Canada. The Company offers in excess of 4,000 items that include rechargeable batteries, personal and vehicle hands free kits, portable and vehicle antennas, in-car and travel chargers, plain and colored carrying cases, fashionable accessory faceplates and colored housings. The Company sells to dealers, distributors, communication carriers, and mass merchandisers through an in-house sales force and directly from its website, www.wirexgroup.com. Wireless Xcessories also creates customized e- commerce websites Industrial Cellular Strength.com for its dealers and produces 2 product line catalogs that are circulated nationally and internationally.
This press release contains forward-looking statements, Actual results may differ materially from the forward-looking statements. All such statements may involve risk and uncertainties, including without limitation, whether the new product line will have a positive impact on sales and profits, as well as any other assertions and risks detailed in the Wireless Xcessories Group, Inc. filings and reports with the Securities and Exchange Commission. Such statements are only predictions and actual events or results may differ.
--------------------------------------------------------------------------------
Contact:
Wireless Xcessories Group, Inc.
Stephen Rade, 215-322-4600
--------------------------------------------------------------------------------
Source: Wireless Xcessories Group, Inc.
WIRX PR!!
Press Release Source: Wireless Xcessories Group, Inc.
Wireless Xcessories Group, Nasdaq: Wirx, Reports Fourth Quarter and Full Year Results. Fourth Quarter Sales Up 39%, Net Income Up 250%, and Full Year Earning $.21 Per Share
Thursday February 24, 10:00 am ET
HUNTINGDON VALLEY, Pa.--(BUSINESS WIRE)--Feb. 24, 2005--Wireless Xcessories Group, Inc. (Nasdaq:WIRX - News), a nationwide distributor of over 4,000 accessories for cellular phones and other wireless devices, announced its results for the fourth quarter and full year ended December 31, 2004.
For the quarter the company earned $343,000 and $.07 per share, an increase of 250% over per share earnings in 2003. Sales grew to $4,177,000 an increase of 39%.
For the fiscal year ending 12/31/04, sales grew by 33% and the company earned $1,008,416 or $0.21 per share compared with a fiscal '03 Net loss of $164,000.
Steve Rade, CEO stated "We attribute our strong growth in 2004 to the two accessory product lines, Industrial Strength and The Platinum Collection we introduced this year. Our customers welcomed the opportunity to carry upgraded products with the higher profit margins they offer. Capitalizing on the growth of e-commerce, we have signed more than 450 dealers, some with more than 50 locations, to our Industrial Strength Cellular.com private labeled website. This will insure the fact that they continue to buy our products as their consumers see the variety and selection available to them."
Our expansion plans in 2005 involve 3 new areas of growth:
In January we signed a master distribution agreement with Hop-On. (OTC:HPON - News) who develops and markets wireless phones throughout the world. We began marketing these entry level phones to our dealer base in February. Also in February, we introduced a line of OEM accessories consisting of 3-400 new accessories for every phone from Audiovox to Sony/Ericsson. We also created an entertainment accessories division that sells products for Apple I-pods and MP3 players. We will be adding to this line over the coming months as we attempt to educate wireless dealers to the opportunities available in these new market segments.
Within the next 30-60 days we expect to apply for listing on the American Stock Exchange.
Wireless Xcessories Group, Inc. designs and distributes a range of accessories for cellular phones throughout the United States and Canada. The Company offers in excess of 4,000 items that include rechargeable batteries, personal and vehicle hands free kits, portable and vehicle antennas, in-car and travel chargers, plain and colored carrying cases, fashionable accessory faceplates and colored housings. The Company sells to dealers, distributors, communication carriers, and mass merchandisers through an in-house sales force and directly from its website, www.wirexgroup.com. Wireless Xcessories also creates customized e- commerce websites Industrial Cellular Strength.com for its dealers and produces 2 product line catalogs that are circulated nationally and internationally.
This press release contains forward-looking statements, Actual results may differ materially from the forward-looking statements. All such statements may involve risk and uncertainties, including without limitation, whether the new product line will have a positive impact on sales and profits, as well as any other assertions and risks detailed in the Wireless Xcessories Group, Inc. filings and reports with the Securities and Exchange Commission. Such statements are only predictions and actual events or results may differ.
--------------------------------------------------------------------------------
Contact:
Wireless Xcessories Group, Inc.
Stephen Rade, 215-322-4600
--------------------------------------------------------------------------------
Source: Wireless Xcessories Group, Inc.