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yeah thats not pretty
PEFF - have sold my shares after a nice return but i am still interested in the unfolding story and could be investing again as new contracts and data are starting to come in and a clearer picture begining to emerge. pps has also held up good for quite a while after runing to this new trading range...
Power Efficiency Corporation's Motor Efficiency Controller Using E-Save Technology(TM) Being Installed at Several Westfield Group Properties in Southern California
1:30p ET January 28, 2008 (Business Wire)
Power Efficiency Corporation (OTCBB: PEFF), a green energy company focused on efficiency technologies for electric motors, announced today that The Westfield Group will implement an innovative energy savings program using Power Efficiency Corporation's motor efficiency controllers using E-Save Technology(TM) designed for escalators. The properties include Horton Plaza in San Diego, North County Mall in Escondido, Plaza Bonita in National City and Plaza Camino Real in Carlsbad.
The Westfield Group is the largest retail property group in the world by market capitalization and has interests in shopping centers in Australia, New Zealand, the United Kingdom and the United States. The Westfield Group has recognized electricity saving of 35% from Power Efficiency's E-Save Technology(TM) at each of the properties included in this program.
"The energy savings from this product will benefit the Westfield Group and each of the communities by reducing carbon emissions and energy consumption. Together with Westfield and the support offered by local utility providers who have made available incentive financing, this program is attractive both economically and environmentally," said Steve Strasser, Chairman and CEO of Power Efficiency.
"We are very pleased the Westfield Group has chosen to join the growing list of companies electing to install Power Efficiency Corporation's E-Save Technology(TM) as part of their energy savings," said Strasser. "The Westfield Group is an excellent example of how commercial retail business can immediately implement proven, cost-effective energy saving technologies that positively impact their customers."
The Westfield Group (ASX: WDC) is an Australian-based company with interests in 120 shopping centers in Australia, New Zealand, the United Kingdom and the United States. In the U.S., the Group has a portfolio of 57 shopping centers that are home to more than 9,000 specialty stores and comprise approximately 63 million square feet of leasable space in California, Connecticut, Florida, Illinois, Indiana, Maryland, Missouri, Nebraska, New Jersey, New York, North Carolina, Ohio and Washington.
About Power Efficiency Corporation
Power Efficiency Corporation is a green energy company focused on efficiency technologies for electric motors. Power Efficiency is incorporated in Delaware and is headquartered in Las Vegas, Nevada. The Company has developed a patented and patent-pending technology platform, called E-Save Technology(TM), which has been demonstrated in independent testing to improve the efficiency of electric motors by up to 35% in appropriate applications. Electric motors consume over 25% of the electricity in the U.S. and many operate inefficiently. E-Save Technology(TM) can be licensed to motor, controls and equipment manufacturers. Power Efficiency's first product based on E-Save Technology(TM) is a Motor Efficiency Controller for applications such as escalators, crushers, granulators, mixers, saws and MG elevators. Power Efficiency is also developing a new product based on E-Save Technology(TM) for the tens of millions of small motors found in applications such as residential air conditioning, pool pumps, and clothes dryers. The company is working with manufacturers to incorporate this technology directly into new motors and appliances.
For more information go to www.powerefficiency.com.
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. Power Efficiency assumes no obligation to update the information in this release.
SOURCE: Power Efficiency Corporation
Power Efficiency Corporation B.J. Lackland, 702-697-0377 Kenneth Munson, 702-697-0377 Andrew Barwicki, 516-662-9461
FSNR - good reaction to news today...not a buy rec. yet but maybe depending on test results that they say will have confirmed within a week and will be released soon after. co. has gone back and completed audited financials but not sure if they're completely current> anyways should be interesting story to watch unfold and possibly a good investment down the road
Freestone Resources, Inc. Provides 2007 Summary and 2008 Strategy
11:01a ET January 31, 2008 (Market Wire)
Freestone Resources Inc. (PINKSHEETS: FSNR) would like to address the progress made during the last quarter of 2007 and reveal the ongoing and future projects online for 2008. The officers and directors of Freestone have been diligently working on several diversified projects for the last several months, however due to obvious ethical concerns have been unable to publicize these works. At this time, we can now discuss the exciting developments that have come through several months of due diligence and hard work. To date, Freestone Resources representatives have used Petrozene in over 30 down-hole well treatments and approximately 50 tank battery treatments with outstanding results. Through these treatments we have gained an invaluable and intimate knowledge into the factors affecting the use of this chemical and more importantly, its potential uses.
Our marketing strategy, as previously discussed, has been to show that we can use a "GREEN" technology to increase domestic oil production and increase production efficiency, by dispersing paraffin and asphaltene restrictions and build-ups. Research has also shown that Petrozene is also an anti-corrosive and can rid pipe of scale deposits and prevent future formations. This information has led to talks with a large oil and gas service company that wishes to use Petrozene in the pigging of existing pipelines, which would be a major contract. There are also three companies that are now in the research phase of using Petrozene in conjunction with other new technologies to increase oil recovery rates in several different conventional and non-conventional oil reservoirs. These cooperative projects have already spawned great contacts throughout the oil and gas sector and have put Freestone's name into greater circulation among the industry's elite.
Currently, Freestone representatives have just completed the down-hole treatment of approximately 20 shallow oil wells in the South Texas oil fields. The wells in these two leases averaged .25 to .5 BOPD before treatment. Two weeks post-treatment, these wells now average 3.5 BOPD per well. This has been confirmed with treatments in other South Texas wells, which exhibit the same type of asphaltene restrictions. After recording this increase, Freestone directors believe they can increase shareholder value by capitalizing on this information. To do this, Freestone will move from merely marketing Petrozene and acting as a chemical service company, to actually becoming more involved in oil production ownership.
Obviously, this is nothing new to Freestone, as we are currently producing the Carroll Unit #1 in Freestone County, Texas. With Petrozene utilization in the South Texas oil wells we are dealing with different types of formations and specific gravities of oil produced. We are targeting wells with large initial production, followed by a fast rate of decline due to the gravity of the oil and porosity of the formation. Leases purchased in this field with multiple well-bores, and optimal well characteristics, could yield 6 to 12 month ROIs. We have already proven these numbers to several investors and have currently entered into a verbal agreement with one such financier. This verbal agreement has been consummated with a large good-faith monetary exchange, and is now in the final construction phases, before binding contracts are signed. Obviously, names cannot at this time be disclosed, however, we can insure that the well-being and profitability of the company will be greatly enhanced by this relationship. This arrangement will not only yield needed capital for lease acquisitions, but will also allow Freestone access to invaluable resources within the financier's private companies. Upon the closing of this agreement, Freestone will be able to move forward in acquiring several leases we have been researching for the past 6 months, which fit the characteristics that are the most optimal for Petrozene treatment, thus yielding the greatest increase in production and increase in profits.
Finally, Freestone will reveal the independent lab results showing Petrozene's effect on oil viscosity. This is very exciting data which could potentially open huge markets to Freestone. These tests have been run twice already and are currently being replicated at a private petrochemical lab in Texas. We expect to have the final results in hand within 7 days and be able to summarize the results and explain the ramifications in full detail soon.
SAFE HARBOR STATEMENTS:
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Contact: Freestone Resources, Inc. Lloyd Lane 903-389-6300 Email Contact
SOURCE: Freestone Resources Inc.
http://www2.marketwire.com/mw/emailprcntct?id=1C8F18A3F2AB80C9
have always liked this co. but was wondering why they trade on the TSX?
so, is TDYH still trading...i saw vol. was zero today. just wondering because according to my math there is still over a 17% gain to be made from the difference in pps between TDYH and PGRI when the share conversion factor is taken into account. and wouldn't this be an arbitrage play now Beigledog?
TIA
III
recent NYT article saying that stents, as a whole, are making a comeback after the widespread reporting last year that they were only just as effective as meds for moderate risk patients. great news for the industry even though they say the rebound could take some time.
well don't bet on that happening again...that may be the first time i've ever called anything that close...i've been watching this one for at least 4 years and this was classic GIGM in the way it ran up to earnings. im trying to remain cautiously optimistic on everything but i really think ive got a good feeling on how this one particular issue trades (knock on wood). but in my mind its a good one to know. with a beta of 4 it's fairly volitile and that can make for some nice percentages if you can get pretty close to timing the peaks. i also have a friend who works at a nationwide brokerage who was recently in a meeting with their seniormost ivesting strategist and he was preaching foreign growth companinies and this brought GIGM to his mind. anyways, i managed to get a few shares at opening bell but i know my father was planning on buying a bigger block but im not sure if he did...here's hoping he got them.
III
if somebody has a chart of GIGM i'd appreciate it.
what it shows is a great buying oppurtunity. this issue has proven what it can do with its recent run over $25 and the bears stern coverage predicting $29 by end of next year (conservativly). with a quick drop to the 16's today i believe an investor could see good short term as well as long term gains
not a buy recommandation but keeping the story line updated because there is a good share structure and if this isnt a scam it could be a good deal. i figured the financing terms in this pr give a pretty good idea about stock valuation. and some previous prs showing (hopefully) the beginning of sales
Power Efficiency Corporation Announces Equity Financing of $5.675 Million
9:45a ET November 2, 2007 (Business Wire)
Power Efficiency Corporation (OTCBB: PEFF.OB), a green energy company focused on efficiency technologies for electric motors, today announced it closed on a $5.675 million private placement of Units. Insiders, including Steven Strasser, Chairman and CEO, and three other directors, invested $1.15 million in the offering.
The Company issued 113,500 Units, each consisting of one share of Series B Preferred Stock and 50 warrants. Each Unit has a purchase price of $50. Each share of preferred stock is initially convertible into 100 shares of common stock, making the effective common stock purchase price $0.50. The warrants have a per share exercise price of $0.60. The Series B Preferred Stock has an 8% dividend, payable annually in cash or stock, at the discretion of the Company's board of directors. The Series B Preferred Stock has a mandatory conversion clause if the closing price of the Company's common stock averages $1 or greater over a 10 day period.
"I am extremely pleased to announce our current equity financing round," said Steven Strasser, the Company's Chairman and CEO. "I have personally invested an additional $800,000 in the Company. In addition, three non employee members of our board of directors have invested a total of $350,000. Many of the other investors participated in the Company's previous round of financing and I am happy they have chosen to invest additional capital. I believe this demonstrates the confidence these investors, our board of directors, and I have in the future of Power Efficiency."
"With this financing, the Company is well poised to execute on its business plan to become a global leader in providing energy efficiency technologies for electric motors in industrial, commercial and appliance applications. The financing enables the Company to focus on growing sales of our new products, pursuing agreements with OEMs, and expanding our line of products based on our E-Save Technology(TM) platform. The financing also clears our balance sheet of all debt," concluded Mr. Strasser.
The total financing amount of $5.675 million includes the conversion of $1.85 million in secured notes. In addition, the Company repaid $150,000 in secured notes, plus accrued interest. The notes carried no pre-payment penalty. One half of the warrants issued in connection with the notes vested monthly over the term of the notes, and early repayment results in cancellation of approximately 729,000 warrants. Furthermore, elimination of the debt will reduce the Company's interest expenses by $51,000 per month, including $25,000 in cash interest payments and approximately $26,000 in non-cash interest expense. The Company will recognize in the fourth quarter of 2007 a one time, non-cash interest expense of approximately $183,000 associated with the debt discount that was being amortized over the term of the notes.
Upon the closing of the equity financing and repayment of the secured notes, the Company has approximately $4.5 million in cash and no outstanding debt securities.
About Power Efficiency Corporation
Power Efficiency Corporation is a green energy company focused on efficiency technologies for electric motors. Power Efficiency is incorporated in Delaware and is headquartered in Las Vegas, Nevada. The Company has developed a patented and patent-pending technology platform, called E-Save Technology(TM), which has been demonstrated in independent testing to improve the efficiency of electric motors by 15-35% in appropriate applications. Electric motors consume over 25% of the electricity in the U.S. and many operate inefficiently. E-Save Technology(TM) can be licensed to motor, controls and equipment manufacturers. Power Efficiency's first product based on E-Save Technology (TM) is a Motor Efficiency Controller for applications such as escalators, crushers, granulators, mixers, saws, and MG elevators. Power Efficiency is also developing a new product based on E-Save Technology(TM) for the tens of millions of small motors found in applications such as residential air conditioning, pool pumps, and clothes dryers. The company is working with manufacturers to incorporate this technology directly into new motors and appliances. For more information go to www.powerefficiency.com.
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. Power Efficiency assumes no obligation to update the information in this release.
SOURCE: Power Efficiency Corporation
Power Efficiency Corporation B.J. Lackland, CFO, 702-697-0377 or Kenneth Munson, VP Sales and Marketing, 702-697-0377 or Andrew Barwicki, Investor Relations, 516-662-9461
Power Efficiency Invited to Participate in Elevator-Escalator Industry Continuing Education Program
Training on Power Efficiency’s Motor Efficiency Controller with E-Save Technology™ Will Provide Elevator and Escalator Technicians Credits Toward Certification
Power Efficiency Corporation (OTCBB: PEFF.OB), a green energy company focused on efficiency technologies for electric motors, today announced that the Company was invited by Elevator World Magazine to participate in its Continuing Education Program. This program provides elevator and escalator technicians education credits towards earning and maintaining certification for CET (Certified Elevator Technician) and CAT (Certified Accessibility and Private Residence Lift Technician) licenses.
Power Efficiency was contacted by editors at Elevator World to submit an article focusing on motor efficiency for the Continuing Education Program. Brian Taylor, Power Efficiency’s VP of Product Management, is the author of the technical article titled ”Improving Motor Efficiency in Constant-Speed Applications”.
Steven Strasser, Power Efficiency’s Chairman and CEO, stated, “Being invited to include training on our Motor Efficiency Controller with E-Save Technology™ in the industry’s continuing education series is good for the industry, the environment, and Power Efficiency. This will help educate many more technicians about the benefits and installation methods of our Motor Efficiency Controllers. Furthermore, I believe this shows our technology is becoming increasingly seen in the industry as a standard device for escalators.”
The article was published in Elevator World’s October 2007 issue. Below is the link to the article: http://www.powerefficiency.com/pdf/EW_CE%20Article_Oct07.r.pdf
About ELEVATOR WORLD
With a circulation of over 7,000, ELEVATOR WORLD magazine is dedicated to the worldwide elevator, escalator and building industry. For over 50 years ELEVATOR WORLD has provided customers with in-depth international industry news and events. Readers include suppliers, manufacturers, architects, engineers, consultants, contractors, buildings owners and building managers.
About CET and CAT
The CET® (Certified Elevator Technician) and CAT® (Certified Accessibility and Private Residence Lift Technician) Programs, sponsored and administrated by the National Association of Elevator Contractors (NAEC), are formal education and certification programs specifically designed for the elevator, escalator and accessibility lift industry. CET and CAT Programs include accountability, testing, and field verification.
About Power Efficiency Corporation
Power Efficiency Corporation (OTCBB: PEFF) is a green energy company focused on efficiency technologies for electric motors. Power Efficiency is incorporated in Delaware and is headquartered in Las Vegas, NV. The Company has developed a patented and patent-pending technology platform, called E-Save Technology™, which has been demonstrated in independent testing to improve the efficiency of electric motors by 15-35% in appropriate applications. Electric motors consume over 25% of the electricity in the U.S. and many operate inefficiently. E-Save Technology™ can be licensed to motor, controls and equipment manufacturers. Power Efficiency’s first product based on E-Save Technology ™ is a Motor Efficiency Controller for applications such as escalators, crushers, granulators, mixers, saws, and MG elevators. Power Efficiency is also developing a new product based on E-Save Technology™ for the tens of millions of small motors found in applications such as residential air conditioning, pool pumps, and clothes dryers. The company is working with manufacturers to incorporate this technology directly into new motors and appliances. For more information go to www.powerefficiency.com.
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company’s SEC Filing. Power Efficiency assumes no obligation to update the information in this release.
Power Efficiency Corporation
B.J. Lackland, CFO, 702-697-0377
Kenneth Munson, VP Sales and Marketing, 702-697-0377
or
Investor Relations
Andrew Barwicki, 516-662-9461
Source: Business Wire (October 24, 2007 - 4:09 PM EDT)
Power Efficiency Announces Initial Purchase Orders for Installations at Two Major U.S. Airports
Power Efficiency Corporation (OTCBB: PEFF.OB), a green energy company focused on efficiency technologies for electric motors, today announced it recently received initial purchase orders for installations on escalators at two of the nation’s top 25 airports by passenger traffic.
The company has chosen transit facilities, such as airports and subway systems, as one of its target markets for escalator applications. The Company believes transit systems are an attractive market for its Motor Efficiency Controller with E-Save Technology™ because of the relatively large number of escalators at many transit facilities, the long duty cycles of escalators at these facilities, and government mandates to become more energy efficient and reduce green house gas emissions.
Steven Strasser, Power Efficiency’s Chairman and CEO, stated, "Our recent success with transit systems, including the Los Angeles Metro this summer and now these initial orders for installations at two airports, helps the company in three ways. First, it helps the Company’s financial performance. Second, it gives us additional reference customers, which is always important for new technologies. Third, these orders show the industry that the owners of large escalator systems demand energy saving solutions for their escalators. Escalators are large pieces of equipment operating 24 hours a day, 7 days a week in most transit facilities. By installing our Motor Efficiency Controller with E-Save Technology™, we seek to prove these facilities can save considerable amounts of energy without changing the operation of their escalators.”
About Power Efficiency Corporation
Power Efficiency Corporation is a green energy company focused on efficiency technologies for electric motors. Power Efficiency is incorporated in Delaware and is headquartered in Las Vegas, Nevada. The Company has developed a patented and patent-pending technology platform, called E-Save Technology™, which has been demonstrated in independent testing to improve the efficiency of electric motors by 15-35% in appropriate applications. Electric motors consume over 25% of the electricity in the U.S. and many operate inefficiently. E-Save Technology™ can be licensed to motor, controls and equipment manufacturers. Power Efficiency’s first product based on E-Save Technology ™ is a Motor Efficiency Controller for applications such as escalators, crushers, granulators, mixers, saws, and MG elevators. Power Efficiency is also developing a new product based on E-Save Technology™ for the tens of millions of small motors found in applications such as residential air conditioning, pool pumps, and clothes dryers. The company is working with manufacturers to incorporate this technology directly into new motors and appliances. For more information go to www.powerefficiency.com.
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company’s SEC Filing. Power Efficiency assumes no obligation to update the information in this release.
Power Efficiency Corporation
B.J. Lackland, 702-697-0377
CFO
or
Kenneth Munson, 702-697-0377
VP Sales and Marketing
or
Andrew Barwicki, 516-662-9461
Investor Relations
Source: Business Wire (October 17, 2007 - 2:58 PM EDT)
Power Efficiency Announces Recent Tests On And Sales For Rock Crushing Applications
Company Sees Great Potential in Mining, Cement and Aggregate Industries
Power Efficiency Corporation (OTCBB: PEFF.OB), a green energy company focused on efficiency technologies for electric motors, today announced it has had several successful tests of its Motor Efficiency Controller on rock crushers and has completed its first sale for this application. The Company has recently had several successful tests on rock crushers used in mining and aggregate, with energy savings consistently over 20%. These motors tend to be very large, so the number of kilowatt hours and dollars saved can be very significant.
One rock crusher at an aggregate facility just outside of Las Vegas was tested numerous times with a Motor Efficiency Controller. It is powered by a 300 horsepower motor and consistently showed savings over 20%, meaning an effective annual return on investment for the customer of over 50%. Not only does the Motor Efficiency Controller pay for itself in less than two years, it also provides the customer with a soft start that they did not previously have. Meter readings on other rock crushers have shown similar savings amounts are possible.
Steven Strasser, Power Efficiency’s Chairman and CEO, stated, "These applications with larger horsepower motors are very attractive for us. Selling larger Motor Efficiency Controllers with E-Save Technology™ means we have higher sales price points and generally better gross margins. Furthermore, because these large motors use so much more energy than small horsepower motors, even smaller percentage savings means substantial energy and dollar savings for our customers.”
”Furthermore, extending our already successful utility incentive financing programs from escalators to industrial applications, if possible, will result in excellent returns on investment for customers in these industries.”
The Company has recently hired a sales manager and sales engineer, bringing the total number of employees to fourteen, to focus solely on industrial applications and is actively targeting the mining, aggregate and cement industries. These industries use very significant amounts of electricity and have considerable crushing, mixing, and conveying systems, which the Company believes are good applications for Motor Efficiency Controllers with E-Save Technology™.
About Power Efficiency Corporation
Power Efficiency Corporation is a green energy company focused on efficiency technologies for electric motors. Power Efficiency is incorporated in Delaware and is headquartered in Las Vegas, Nevada. The Company has developed a patented and patent-pending technology platform, called E-Save Technology™, which has been demonstrated in independent testing to improve the efficiency of electric motors by 15-35% in appropriate applications. Electric motors consume over 25% of the electricity in the U.S. and many operate inefficiently. E-Save Technology™ can be licensed to motor, controls and equipment manufacturers. Power Efficiency’s first product based on E-Save Technology™ is a Motor Efficiency Controller for applications such as escalators, crushers, granulators, mixers, saws, and MG elevators. Power Efficiency is also developing a new product based on E-Save Technology™ for the tens of millions of small motors found in applications such as residential air conditioning, pool pumps, and clothes dryers. The company is working with manufacturers to incorporate this technology directly into new motors and appliances. For more information go to www.powerefficiency.com.
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company’s SEC Filing. Power Efficiency assumes no obligation to update the information in this release.
Power Efficiency Corporation
B.J. Lackland, CFO, 702-697-0377
or
Kenneth Munson, VP Sales and Marketing, 702-697-0377
or
Andrew Barwicki, Investor Relations, 516-662-9461
Source: Business Wire (October 9, 2007 - 12:38 PM EDT)
Power Efficiency Announces Recent Sales and Purchase Orders for Installations at Department Stores and Shopping Malls in Southern California
Power Efficiency Corporation (OTCBB: PEFF.OB), a green energy company focused on efficiency technologies for electric motors, today announced it recently closed on sales and received additional purchase orders for installations of its Motor Efficiency Controller on escalators at well known department stores and mall operators in southern California.
Electric rates in southern California are relatively high compared with other parts of the country. High electrical rates improve the “payback” from the Company’s products because each kilowatt hour saved has a higher value. Utility rebates in southern California further improve the return on investment.
Commenting on these recent sales and orders, Mr. Strasser stated, "Department stores and shopping malls are looking for ways to make their buildings more eco-friendly. The rising cost of electricity is also an important factor for their operations. Our Motor Efficiency Controller with eSave Technology™ provides them with energy savings while leaving the operation of their escalators unchanged.
“A number of these department stores and shopping mall operators have a national presence. As our Motor Efficiency Controller becomes more widely accepted by customers, service providers and utilities, we continue to actively work on similar initiatives in other locations. Our goal is to repeat the success we’ve had in southern California in order to secure additional purchase orders and sales.”
About Power Efficiency Corporation
Power Efficiency Corporation is a green energy company focused on efficiency technologies for electric motors. Power Efficiency is incorporated in Delaware and is headquartered in Las Vegas, Nevada. The Company has developed a patented and patent-pending technology platform, called eSave Technology™, which has been demonstrated in independent testing to improve the efficiency of electric motors by 15-35% in appropriate applications. Electric motors consume over 25% of the electricity in the U.S. and many operate inefficiently. eSave Technology™ can be licensed to motor, controls and equipment manufacturers. Power Efficiency’s first product based on eSave Technology ™ is a Motor Efficiency Controller for applications such as escalators, crushers, granulators, mixers, saws, and MG elevators. Power Efficiency is also developing a new product based on eSave Technology™ for the tens of millions of small motors found in applications such as residential air conditioning, pool pumps, and clothes dryers. The company is working with manufacturers to incorporate this technology directly into new motors and appliances. For more information go to www.powerefficiency.com.
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company’s SEC Filing. Power Efficiency assumes no obligation to update the information in this release.
Power Efficiency Corporation
B.J. Lackland, CFO, 702-697-0377
or
Kenneth Munson, VP Sales and Marketing, 702-697-0377
or
Andrew Barwicki, Investor Relations, 516-662-9461
Source: Business Wire (September 28, 2007 - 9:03 AM EDT)
good to see. i held some SWTS through a nice run recently and have already added once and thinking of getting a little more this week. good share structure and they may have hit a niche. i was amazed when i looked at the number of diabetics in the US including something ridiculous like 30% in imigrant populations. Nestle originally spent something like $100 million to produce this product line before letting it go.
i thought you guys didn't like anything incorporated out of nevada? market cap about $200mil huh?
no problem, i've been watching this for years too. i held for a year a while ago and i'm back in again but i've only been grabbing a few shares whenever it dips below .4. i've always had a hard time "getting a grip" on this company so i've been hesitant to add too much. that being said i was always hopeful with a buy-out scenario from either boston scientific or johnson and johnson but when MIVT bought the production plants in india i saw the type of investment changing slightly with, perhaps, a longer time-line...that was when i sold the first time with the intention of gettting back in before results of the human-trials. now from my understanding we released info from the human trials at the recent conference but apparently it was not what the market was waiting for...so i'm wondering what the next step is? anyways i'm glad this board is picking up slightly so we can figure out exactly what we got here
here was their biggest concern
http://investorshub.advfn.com/boards/read_msg.asp?message_id=19930780
just something to be aware of going further. i've got a few shares and add every once in a while when the pps looks good
wow, well that's over $6 a share just in cash and it's trading at $7.5...nothing wrong with that...any idea who else is in the sights for acq.? i'm ok with rumors since thats all i've had to go on so far ;)
that was going to be my next question...whether or not you still thought this was going to be a profitable issue going forward???
didn't see this posted yet so i'll put it up...can this actually be over???
Tandem Energy Holdings, Inc. Announces Results of Platinum Shareholder Vote and Closing of Transaction with Platinum
Tandem Energy Holdings, Inc. (“Tandem”) (Pink Sheets:TDYH.PK), has announced that Platinum Energy Resources, Inc. (“Platinum”) held its special meeting of its stockholders today at 10:00 a.m. Eastern, October 26, 2007, to vote upon, among other things, the acquisition by Platinum of substantially all of the assets of Tandem’s wholly-owned subsidiary, Tandem Energy Corporation (“TEC”). At that meeting, Platinum obtained approval from its shareholders to consummate the acquisition. Following Platinum’s stockholder meeting, Tandem and Platinum closed and finalized the acquisition.
Tim Culp, President and CEO of Tandem stated that “We are pleased that a long and exhaustive effort to close this transaction has finally led to where we are today. I would like to personally thank each of our shareholders for their patience and understanding over the past two years during the approval process. We can now begin in earnest to pursue the many drilling and acquisition opportunities we have identified, with the goal of building shareholder value and confidence. With near record oil and gas prices and the availability of capital brought to the transaction by Platinum, this should be a very exciting time for our combined companies.”
TEC received a total of 7,692,308 shares of Platinum at the closing. This equates to .5769 shares of Platinum stock for each share of Tandem stock that was purchased directly from Tandem or through brokers or dealers in open market transactions. We expect to dissolve TEC within the next 15 days, which will trigger the obligation of Platinum to cause a registration statement to be filed with the SEC to register all of the shares received at the closing. Once the registration statement becomes effective, Tandem will be promptly dissolved and the Platinum shares will be distributed to Tandem’s shareholders. Until Tandem is dissolved, its common stock will continue to be traded in the open market under its current symbol.
Tandem Energy Holdings, Inc. is an oil and gas exploration and development company based in Midland, Texas. The Company's activities are focused on low-risk properties in Texas and New Mexico.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, about the Company, Platinum and their combined business after completion of the proposed acquisition. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of the Company's and Platinum’s management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: Business conditions in the U.S. and abroad; changing interpretations of generally accepted accounting principles; outcomes of government reviews; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which the Company is engaged; fluctuations in oil and gas prices and in customer demand; managing rapid growth; intensity of competition; general economic conditions; as well as other relevant risks detailed in Platinum's filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Neither the Company nor Platinum assumes any obligation to update the information contained in this press release.
Tandem Energy Holdings Inc., Midland
Mickey Cunningham, 432-686-7136
mgcunningham@tandem-energy.com
Source: Business Wire (October 26, 2007 - 2:52 PM EDT)
the biotech values board is the best one i've found for technical medical questions...
http://investorshub.advfn.com/boards/board.asp?board_id=1418
...beware, these guys really know what they're talking about. they know about MIVT but are not currently believers and have major questions concerning the technology
i might be a buyer if we do see the lull you predicted...this is one of those issues that was always on my watchlist while it trade at .1 didnt keep a close enough eye on it and missed the big move up...need to look closer at the deal but i would be interested in having a few shares of this one
very interesting
good find on the 10q
man...
put a order in for .64 this morning but it never filled
...too bad
good find
-III
im still not gonna worry until they proove that a capitalist economic model can work in a single party political system. i think that china has not even begun to face all the social problems that the US is already dealing with and have dealt with. Do you, as someone who have observed the chineese people up close, believe that they will have these social problems to deal with, or is china somehow unique?
TIA
III
GIGM
still riding some freebies here...finally starting to get some coverage...
GIGAMEDIA LTD. Bear Stearns initiated coverage of Gigamedia Ltd. (GIGM), with outperform on Oct. 11.
Analyst James Rhee says that Gigamedia, once a struggling Taiwanese broadband provider, has transformed itself into a purveyor of online entertainment with reach across Europe and Asia. He likes Gigamedia for its solid presence in two growing and lucrative industries -- real-money gaming software and online games. He sees revenue rising at a healthy clip, registering three-year compound annual growth rates of 26% and 83% for the two segments, respectively, over 2007-10.
Rhee believes management has prudently employed cash from the disposal of less attractive assets and operations to create shareholder value. He has a $27 yearend 2008 price target.
...i believe we will see a pullback soon which should proove to be a good entry point as we start to get back into the historically strong time of year for this co.
edit - this message replies to the chart for GIGM from Jag
11-11-07 at 4:20 p.m. CST
TDYH.PK up 15% today. originally i had heard the rumor that TDYH shareholders would get bought out at $4.5 a share, then i had heard that wasn't going to happen and instead TDYH holders would recieve shares of PGRI.OB...so my question is...
has anyone heard what's most likely going to happen with TDYH shares? and does the move up today mean people are betting on getting a good return on TDYH shares they bought today?
i'll believe it when i see it
but its about time
what a day
thanks jag...
was wondering if anyone is still holding TDYH shares???
after todays close im up about 35% and was just thinking about selling them since it just seems like that every month the deal is pushed back
was going to put PEFF (BB) in front of everyones eyes one more time. got my initial investment out but still hold 40%. i know you guys were 99.99% sure it was a scam, but pps has continued to rise so i've held my freebies. was going to put latest pr in front of you...no numbers yet which is a big red flag but if its true???
o/s - 38,516,676
i posted...
8/24 - pps .35
9/10 - pps .44
most recent trade
10/5 - pps .6
most recent pr
Power Efficiency Announces Recent Sales and Purchase Orders for Installations at Department Stores and Shopping Malls in Southern California
Power Efficiency Corporation (OTCBB: PEFF.OB), a green energy company focused on efficiency technologies for electric motors, today announced it recently closed on sales and received additional purchase orders for installations of its Motor Efficiency Controller on escalators at well known department stores and mall operators in southern California.
Electric rates in southern California are relatively high compared with other parts of the country. High electrical rates improve the “payback” from the Company’s products because each kilowatt hour saved has a higher value. Utility rebates in southern California further improve the return on investment.
Commenting on these recent sales and orders, Mr. Strasser stated, "Department stores and shopping malls are looking for ways to make their buildings more eco-friendly. The rising cost of electricity is also an important factor for their operations. Our Motor Efficiency Controller with eSave Technology™ provides them with energy savings while leaving the operation of their escalators unchanged.
“A number of these department stores and shopping mall operators have a national presence. As our Motor Efficiency Controller becomes more widely accepted by customers, service providers and utilities, we continue to actively work on similar initiatives in other locations. Our goal is to repeat the success we’ve had in southern California in order to secure additional purchase orders and sales.”
About Power Efficiency Corporation
Power Efficiency Corporation is a green energy company focused on efficiency technologies for electric motors. Power Efficiency is incorporated in Delaware and is headquartered in Las Vegas, Nevada. The Company has developed a patented and patent-pending technology platform, called eSave Technology™, which has been demonstrated in independent testing to improve the efficiency of electric motors by 15-35% in appropriate applications. Electric motors consume over 25% of the electricity in the U.S. and many operate inefficiently. eSave Technology™ can be licensed to motor, controls and equipment manufacturers. Power Efficiency’s first product based on eSave Technology ™ is a Motor Efficiency Controller for applications such as escalators, crushers, granulators, mixers, saws, and MG elevators. Power Efficiency is also developing a new product based on eSave Technology™ for the tens of millions of small motors found in applications such as residential air conditioning, pool pumps, and clothes dryers. The company is working with manufacturers to incorporate this technology directly into new motors and appliances. For more information go to www.powerefficiency.com.
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company’s SEC Filing. Power Efficiency assumes no obligation to update the information in this release.
Power Efficiency Corporation
B.J. Lackland, CFO, 702-697-0377
or
Kenneth Munson, VP Sales and Marketing, 702-697-0377
or
Andrew Barwicki, Investor Relations, 516-662-9461
well ive been making some money on PEFF...I never put it on rec because the guys at Hermits Hovel where "99.99 sure it was a scam" but i was able to sell 60% of my position, after a couple months, to cover all my initial expenses and make a little so scam or not i'm pretty happy...if it is for real they put out a pr recently saying they had made some sales and if there are verifiable numbers this might be for real and, in that case, the share structure is very appealing. will give further updates soon
III
Good PR...don't know why they put it out on friday
Power Efficiency Announces Recent Sales and Purchase Orders for Installations at Department Stores and Shopping Malls in Southern California
Power Efficiency Corporation (OTCBB: PEFF.OB), a green energy company focused on efficiency technologies for electric motors, today announced it recently closed on sales and received additional purchase orders for installations of its Motor Efficiency Controller on escalators at well known department stores and mall operators in southern California.
Electric rates in southern California are relatively high compared with other parts of the country. High electrical rates improve the “payback” from the Company’s products because each kilowatt hour saved has a higher value. Utility rebates in southern California further improve the return on investment.
Commenting on these recent sales and orders, Mr. Strasser stated, "Department stores and shopping malls are looking for ways to make their buildings more eco-friendly. The rising cost of electricity is also an important factor for their operations. Our Motor Efficiency Controller with eSave Technology™ provides them with energy savings while leaving the operation of their escalators unchanged.
“A number of these department stores and shopping mall operators have a national presence. As our Motor Efficiency Controller becomes more widely accepted by customers, service providers and utilities, we continue to actively work on similar initiatives in other locations. Our goal is to repeat the success we’ve had in southern California in order to secure additional purchase orders and sales.”
About Power Efficiency Corporation
Power Efficiency Corporation is a green energy company focused on efficiency technologies for electric motors. Power Efficiency is incorporated in Delaware and is headquartered in Las Vegas, Nevada. The Company has developed a patented and patent-pending technology platform, called eSave Technology™, which has been demonstrated in independent testing to improve the efficiency of electric motors by 15-35% in appropriate applications. Electric motors consume over 25% of the electricity in the U.S. and many operate inefficiently. eSave Technology™ can be licensed to motor, controls and equipment manufacturers. Power Efficiency’s first product based on eSave Technology ™ is a Motor Efficiency Controller for applications such as escalators, crushers, granulators, mixers, saws, and MG elevators. Power Efficiency is also developing a new product based on eSave Technology™ for the tens of millions of small motors found in applications such as residential air conditioning, pool pumps, and clothes dryers. The company is working with manufacturers to incorporate this technology directly into new motors and appliances. For more information go to www.powerefficiency.com.
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company’s SEC Filing. Power Efficiency assumes no obligation to update the information in this release.
Power Efficiency Corporation
B.J. Lackland, CFO, 702-697-0377
or
Kenneth Munson, VP Sales and Marketing, 702-697-0377
or
Andrew Barwicki, Investor Relations, 516-662-9461
Source: Business Wire (September 28, 2007 - 8:03 AM EST)
i think most everyone here feels that way but if he really is using some of his shares for leases and ads then it's at least a little better than we've thought
Jag & D, thanks for the opinion. pulled my initial investment out today and might pull the balance out soon...not quite sure but thats way too many red flags to not limit my damage while i still can. Plus L2 looked a little strange...spread was tight but there was only a little buying around it...all the real trading was well under the B&A. anyways, thanks
III
good article but Monsanto is in St. Louis, MO
was still hoping to get an opinion on PEFF (BB) .44
O/S - 38,516,676 (8/13/07)
in my first post, to which this replies, i noted the three insider buys and copied that days PR concerning the open-market share buyback. i'm especially interested in opinions from anyone knowledgeble about electronics specifically or that sector, as well as any TAers that could confirm whether we've recently confirmed a new trading level (i thought it was just a pop but we havn't pulled back).
todays pr, no specifics yet but could be the first step
Power Efficiency Corporation Announces Agreement with Global Contract Manufacturer and Placement of First Large Volume Order for Digital Products with eSave Technology(TM)
8:30a ET September 10, 2007 (Business Wire)
Power Efficiency Corporation (OTCBB: PEFF), a green energy company focused on efficiency technologies for electric motors, today announced it entered into an agreement with a large global contract manufacturer for the production of digital units and simultaneously placed its first volume order.
The Company entered into the agreement and placed the first order for product in anticipation of the need to fulfill volume sales orders and commitments from customers. This multi-billion dollar contract manufacturer is headquartered in the U.S. but has facilities in over 10 countries and is capable of rapidly scaling up to high volume production with global fulfillment. Power Efficiency previously produced digital units incorporating eSave Technology(TM) in smaller production runs with a local contract manufacturer, whom the Company will continue to work with.
Steven Strasser, Power Efficiency's Chairman and CEO, stated, "This is an important step for the company. We are very pleased to solidify this relationship so we have the ability to fulfill high volume sales orders in the U.S. and globally."
Strasser continued, "I believe one of the great advantages of our business is that our products can be made very effectively by contract electronics manufacturers. Unlike many energy technology companies, our products do not require highly specialized and expensive manufacturing equipment or the development of our own factories. Our patented and patent-pending technology, called eSave Technology(TM), resides primarily in algorithms and software that run on standard hardware components. Having this relationship with a global contract manufacturer allows us to focus our time and attention on product development and sales and marketing."
About Power Efficiency Corporation
Power Efficiency Corporation (OTCBB: PEFF) is a green energy company focused on efficiency technologies for electric motors. Power Efficiency is incorporated in Delaware and is headquartered in Las Vegas, NV. The Company has developed a patented and patent-pending technology platform, called eSave Technology(TM), which improves the efficiency of electric motors by 15-35% in appropriate applications. Electric motors consume over 25% of the electricity in the U.S. and many operate inefficiently. eSave Technology(TM) can be licensed to motor, controls and equipment manufacturers. Power Efficiency's first product based on eSave Technology (TM) is a Motor Efficiency Controller for applications such as escalators, crushers, granulators, mixers, saws, and MG elevators. Power Efficiency is also developing a new product based on eSave Technology(TM) for the tens of millions of small motors found in applications such as residential air conditioning, pool pumps, and clothes dryers. The company is working with manufacturers to incorporate this technology directly on new motors and appliances. For more information go to www.powerefficiency.com.
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. Power Efficiency assumes no obligation to update the information in this release.
SOURCE: Power Efficiency Corporation
Power Efficiency Corporation B.J. Lackland, CFO, 702-697-0377 Andrew Barwicki, Investor Relations, 516-662-9461
still no pull-back and a great monday...not a TA expert but i think we've confirmed the new trading level. no specifics in today's pr but has the potential to be both huge and the first step.
Power Efficiency Corporation Announces Agreement with Global Contract Manufacturer and Placement of First Large Volume Order for Digital Products with eSave Technology(TM)
8:30a ET September 10, 2007 (Business Wire)
Power Efficiency Corporation (OTCBB: PEFF), a green energy company focused on efficiency technologies for electric motors, today announced it entered into an agreement with a large global contract manufacturer for the production of digital units and simultaneously placed its first volume order.
The Company entered into the agreement and placed the first order for product in anticipation of the need to fulfill volume sales orders and commitments from customers. This multi-billion dollar contract manufacturer is headquartered in the U.S. but has facilities in over 10 countries and is capable of rapidly scaling up to high volume production with global fulfillment. Power Efficiency previously produced digital units incorporating eSave Technology(TM) in smaller production runs with a local contract manufacturer, whom the Company will continue to work with.
Steven Strasser, Power Efficiency's Chairman and CEO, stated, "This is an important step for the company. We are very pleased to solidify this relationship so we have the ability to fulfill high volume sales orders in the U.S. and globally."
Strasser continued, "I believe one of the great advantages of our business is that our products can be made very effectively by contract electronics manufacturers. Unlike many energy technology companies, our products do not require highly specialized and expensive manufacturing equipment or the development of our own factories. Our patented and patent-pending technology, called eSave Technology(TM), resides primarily in algorithms and software that run on standard hardware components. Having this relationship with a global contract manufacturer allows us to focus our time and attention on product development and sales and marketing."
About Power Efficiency Corporation
Power Efficiency Corporation (OTCBB: PEFF) is a green energy company focused on efficiency technologies for electric motors. Power Efficiency is incorporated in Delaware and is headquartered in Las Vegas, NV. The Company has developed a patented and patent-pending technology platform, called eSave Technology(TM), which improves the efficiency of electric motors by 15-35% in appropriate applications. Electric motors consume over 25% of the electricity in the U.S. and many operate inefficiently. eSave Technology(TM) can be licensed to motor, controls and equipment manufacturers. Power Efficiency's first product based on eSave Technology (TM) is a Motor Efficiency Controller for applications such as escalators, crushers, granulators, mixers, saws, and MG elevators. Power Efficiency is also developing a new product based on eSave Technology(TM) for the tens of millions of small motors found in applications such as residential air conditioning, pool pumps, and clothes dryers. The company is working with manufacturers to incorporate this technology directly on new motors and appliances. For more information go to www.powerefficiency.com.
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. Power Efficiency assumes no obligation to update the information in this release.
SOURCE: Power Efficiency Corporation
Power Efficiency Corporation B.J. Lackland, CFO, 702-697-0377 Andrew Barwicki, Investor Relations, 516-662-9461
wow, i didn't think you could but you really are you shorting this aren't you??? i mean that's the only way you could have drops over 100% right? well that's great news for us because a 1000% drop in you money and i'm cashing out .3
your not even worth the finger click it takes on my mouse to skip over your post
well that's a great little tidbit of information and very good to know. another solid gain today.
ummm, this is the EDEX board...that's where you go to talk about EDEX. BTW if this were a run-of-the-mill scam we would be getting more pumping and more dumping. This co. might not be making any money or found any commercial hydrocarbons yet but it is fairly obvious that it is not a P&D. go look at all the "hot boards" today and i would bet 75% have over a billion o/s
anyways its useless even trying to talk with you guys. i mean, if there is "pumping" and there is "bashing" and there is also "reasoned stock discussion" than this board is full of bashers while the rest of us are simply trying to find out as much as possible about this co. that we've all put money in. thats what ihub is for...why don't you take your BS somewhere else. show me one useful post you've made regarding this co.???? at least the so called pumpers provide some verifiable DD to the board.
man, i've been waiting for a pull-back since our bounce. i'm not sure it's bounce anymore...i think were officially trading at a new level.