Matrix Technology Saves Warehouse Support Staff 29 Hours Per Week with Optio's Document Design and Distribution SolutionsBusiness Wire "US Press Releases "
ALPHARETTA, Ga.--(BUSINESS WIRE)--
Optio(R) Software, Inc. (OTCBB:OPTO) a leading provider of software solutions dedicated to helping customers optimize, manage and improve the complete lifecycle of document-intensive processes, today announced that Canadian customer, Matrix Technology, Ltd., has saved three full-time employees up to 29 hours per week in document processing and inventory fulfillment by utilizing Optio's document design and distribution solutions.
"We've only been using Optio for a year and each month we add a new form to our library," said Andrew Quick, Matrix Technology's Operations Manager. "With Optio the new forms don't really even represent a form to me anymore; each represents a procedure that we are improving or a process that we are eliminating. It's been a pleasant surprise that a solution that I thought was going to save paper is actually saving time and employee resources."
Established in 1977, Toronto-based Matrix Technology Ltd. is the premier Canadian electronic materials distributor to industry leading OEMs in the aerospace, electronics, telecommunications and transportation markets. Matrix Technology utilizes Optio's solutions in tandem with their SYSPRO enterprise resource planning system.
Accelerating Invoice and Purchase Order Processing
Matrix Technology reduces document printing and mailing costs by sending invoices to their customers electronically. The company follows the same process when it comes to sending purchase orders to their suppliers. "We can print a copy or send a pdf version via e-mail directly to our supplier, who can then process the order without waiting for that piece of paper to arrive through the mail," said Quick. "Optio's document distribution capabilities have turned out to be among the system's most important benefits."
Matrix initially purchased the solution to eliminate the cost of forms design and printing, but ultimately found that the Optio solutions were capable of much more. "It wasn't until after we did a business operations review with our technology partner, Phoenix Systems, and a third party consultant that we decided to use Optio's solutions to improve warehouse operations."
Savings in Time and Resources
Matrix Technology has realized significant savings in both time and resources by utilizing Optio's solutions. "We used to print three copies of each invoice, separate them, put them in filing folders and put them in order. Now we just print them through Optio and put them online and half of them get e-mailed directly to customers. The employee that used to handle that every day for two hours now spends about 10 minutes on the same tasks with Optio, resulting in a time savings of about nine hours per week."
Optio's solutions also save time for the employees that process the company's packing slips when their products are ready to be shipped out. "Before Optio we used to pull all types of documentation from our receivers in terms of quantities of products that had been received and match our incoming orders up to our outgoing shipping documents. Our employees now get informed instantly about what we have received via e-mail. They no longer have to search for data to fulfill orders. This saves our company another two hours per day for two individuals. When you add that up on a weekly basis, the results are impressive," said Quick.
Forms Design Capabilities
Optio's DesignStudio(TM) and e.ComIntegrate(TM) solutions enable Matrix to design new form templates for use throughout the organization. "Currently we have about 12 form templates that we have developed for every-day use. If we had paid for the design of 12 forms it would far outweigh the cost of DesignStudio. Probably the best decision we made in IT was to decide to do the forms design ourselves with Optio," stated Quick. "It also gave us the independence to easily make changes. We're very happy that Phoenix Systems, introduced us to Optio's solutions," he added.
About Phoenix Systems
For more than 25 years, Newmarket, Ontario-based Phoenix Systems has helped small to medium-sized businesses effectively compete by implementing and supporting technology that results in increased efficiencies and reduced costs. For more information about Phoenix Systems, visit www.pho-sys.com.
About Optio Software, Inc.
Optio Software, with 25 years of experience and more than 5,500 clients, worldwide, provides software solutions dedicated to automating, managing and improving the entire lifecycle of document-intensive processes, while extending the value of our customers' Enterprise Resource Planning (ERP) and Hospital Information Systems. Headquartered in Alpharetta, Ga., Optio Software maintains European, Middle Eastern and African (E.M.E.A.) headquarters in the United Kingdom and sales offices in the United States, France, Germany, and the Netherlands. For more information about Optio Software or to contact a local Optio sales manager, contact us at 770.576.3500 or visit our website at www.optio.com.
Copyright (C) 2007 Optio Software, Inc. All Rights Reserved. Optio is a registered trademark and DesignStudio and e.ComIntegrate are trademarks of Optio Software, Inc. Other companies and products mentioned in this document are the property of their respective owners.
Source: Optio Software, Inc.
Tuesday, December 18, 2007
STGH John Calash, President of Steadfast Holdings Group, Inc., is the Featured Guest in an Audio Interview at SmallCapVoice.com Business Wire "US
John Calash, President of Steadfast Holdings Group, Inc., is the Featured Guest in an Audio Interview at SmallCapVoice.comBusiness Wire "US Press Releases "
AUSTIN, Texas--(BUSINESS WIRE)--
SmallCapVoice.com, Inc. today announced that a new audio interview featuring, John Calash, President of Steadfast Holdings Group, Inc. (PINK SHEETS:STHG) is now available at SmallCapVoice.com. Mr. Calash provides his personal insight into the factors that led to the Company's recently announced increased sales in the first three weeks of the fourth quarter which have exceeded the total for the fourth quarter in 2006. This follows a 46% increase in sales in our third quarter over the same period in 2006. The interview can be heard here at http://www.smallcapvoice.com/sthg/sthg-12-17-07.php. For more on the company and its products visit www.steadfastlinings.com or http://www.smallcapvoice.com/sthg/factsheet.html.
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client's financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit http://www.smallcapvoice.com/services.html.
Steadfast Holdings Group, Inc. is a holding company that owns 100% of Steadfast Automotive, Inc. and its subsidiary Steadfast Custom Linings, LLC. STHG is seeking to expand its operations through franchising the Steadfast Custom Linings, LLC business model and through acquisition or expansion of company owned stores and through subsidiary licensing agreement. The franchising and licensing agreements require all products to be purchased from Steadfast Custom Linings LLC.
Source: SmallCapVoice.com
AUSTIN, Texas--(BUSINESS WIRE)--
SmallCapVoice.com, Inc. today announced that a new audio interview featuring, John Calash, President of Steadfast Holdings Group, Inc. (PINK SHEETS:STHG) is now available at SmallCapVoice.com. Mr. Calash provides his personal insight into the factors that led to the Company's recently announced increased sales in the first three weeks of the fourth quarter which have exceeded the total for the fourth quarter in 2006. This follows a 46% increase in sales in our third quarter over the same period in 2006. The interview can be heard here at http://www.smallcapvoice.com/sthg/sthg-12-17-07.php. For more on the company and its products visit www.steadfastlinings.com or http://www.smallcapvoice.com/sthg/factsheet.html.
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client's financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit http://www.smallcapvoice.com/services.html.
Steadfast Holdings Group, Inc. is a holding company that owns 100% of Steadfast Automotive, Inc. and its subsidiary Steadfast Custom Linings, LLC. STHG is seeking to expand its operations through franchising the Steadfast Custom Linings, LLC business model and through acquisition or expansion of company owned stores and through subsidiary licensing agreement. The franchising and licensing agreements require all products to be purchased from Steadfast Custom Linings LLC.
Source: SmallCapVoice.com
PSPM Test Results for PureSpectrum Ballast Technology Support Market Driven Development Market Wire "US Press Releases "
Test Results for PureSpectrum Ballast Technology Support Market Driven DevelopmentMarket Wire "US Press Releases "
SAVANNAH, GA -- (MARKET WIRE) -- 12/18/07 -- As politicians prepare to formally pass an energy bill that will phase out incandescent light bulbs by 2012, lighting industry experts are predicting a rise in popularity for Compact Fluorescent Lamps and lighting manufacturers are searching for the technology that will provide a differentiator in a marketplace that is expected to become increasingly competitive.
PureSpectrum, Inc. (PINKSHEETS: PSPM) may have developed the solution sought by lighting manufacturers. Results from a recent series of independent tests on PureSpectrum's proprietary ballast circuitry reveals that prototypes powered by PureSpectrum's power conversion system allows CFL bulbs to maintain high levels of energy efficiency while also improving color temperature and light quality.
PureSpectrum engineers have used feedback from a series of photometric testing sessions conducted at a leading independent lighting testing facility during the past two months to refine its innovative ballast topology to produce color quality which exceeds commercially available CFL bulbs. At the same time, improvements in the electronic ballast design have resulted in sizable energy efficiency gains which make the company's manually assembled prototypes comparable to the matched component manufacturing of brand name products.
PureSpectrum's 10.86-watt prototype produced 727 lumens or 66.94 lumens per watt, making the prototype built with a Sylvania lamp comparable to an 11.76-watt GE bulb tested at the same time. However, the PureSpectrum prototype scored higher than the GE bulb on Correlated Color Temperature and Color Rendering Index.
"We have intentionally practiced market driven development in order to reach this current plateau," said PureSpectrum president and CEO Lee Vanatta, whose company owns a diverse portfolio of patents and patent applications related to a unique circuitry landscape for ballast driven lighting applications. "We realize that in order for the technology to be accepted by the lighting community, the technology and business functions must work together. The ongoing evolution of our ballast technology is a response to the inevitable growth of CFL bulbs as a lighting alternative and the consumers' need for CFL bulbs to work like conventional light bulbs."
While PureSpectrum's ballast model is compatible with any fluorescent lamp, enhancing the CFL ballast design has been the company's primary focus during the past year. According to a study performed by market researchers The Freedonia Group, fluorescent lamps and CFL lamps are expected to experience the most growth among light bulbs during the next three years. The study proposed that CFL sales would pass conventional incandescent lamps in sales dollars but not units.
"The projected growth of CFL sales will increase the urgency for lighting manufacturers to generate products which perform at a higher level than their competitors according to the demands of the consumer," Vanatta said. "Responding to the needs of the consumer will become more important as manufacturers try to distinguish their brands and products in the market place. Those with the best performing CFL bulbs with attributes such as light color and quality will become leaders in the changing marketplace, and I feel that innovative technologies like PureSpectrum will be absorbed into the mainstream."
Please visit www.purespectrumlighting.com or call (912) 961-4980 for more information about PureSpectrum, Inc. or PureSpectrum Technology. For investment information, please contact Equiti-Trend Advisors LLC at (800) 953-3350.
ABOUT PURESPECTRUM
PureSpectrum (PINKSHEETS: PSPM) is a publicly traded technology company founded and headquartered in Savannah, Ga. The company's values are grounded in an awareness of the increasing urgency to identify more efficient energy solutions. PureSpectrum currently holds the rights to multiple patents and patent applications related to an electronic ballast design which would produce a soft switching environment during power conversion for artificial lighting. PureSpectrum will continue its commitment to researching, developing and refining ideas that will provide the most energy efficient, cost effective methods for powering artificial light. For more information on PureSpectrum, please call (912) 961-4980 or visit www.purespectrumlighting.com.
Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for PureSpectrum's products and services, its ability to succeed in growing revenue, the effect of new competitors in its market, integration of acquired businesses, and other risk factors identified from time to time by PureSpectrum. Media Contact:
Stephen Weeks
(912) 356-5770
SAVANNAH, GA -- (MARKET WIRE) -- 12/18/07 -- As politicians prepare to formally pass an energy bill that will phase out incandescent light bulbs by 2012, lighting industry experts are predicting a rise in popularity for Compact Fluorescent Lamps and lighting manufacturers are searching for the technology that will provide a differentiator in a marketplace that is expected to become increasingly competitive.
PureSpectrum, Inc. (PINKSHEETS: PSPM) may have developed the solution sought by lighting manufacturers. Results from a recent series of independent tests on PureSpectrum's proprietary ballast circuitry reveals that prototypes powered by PureSpectrum's power conversion system allows CFL bulbs to maintain high levels of energy efficiency while also improving color temperature and light quality.
PureSpectrum engineers have used feedback from a series of photometric testing sessions conducted at a leading independent lighting testing facility during the past two months to refine its innovative ballast topology to produce color quality which exceeds commercially available CFL bulbs. At the same time, improvements in the electronic ballast design have resulted in sizable energy efficiency gains which make the company's manually assembled prototypes comparable to the matched component manufacturing of brand name products.
PureSpectrum's 10.86-watt prototype produced 727 lumens or 66.94 lumens per watt, making the prototype built with a Sylvania lamp comparable to an 11.76-watt GE bulb tested at the same time. However, the PureSpectrum prototype scored higher than the GE bulb on Correlated Color Temperature and Color Rendering Index.
"We have intentionally practiced market driven development in order to reach this current plateau," said PureSpectrum president and CEO Lee Vanatta, whose company owns a diverse portfolio of patents and patent applications related to a unique circuitry landscape for ballast driven lighting applications. "We realize that in order for the technology to be accepted by the lighting community, the technology and business functions must work together. The ongoing evolution of our ballast technology is a response to the inevitable growth of CFL bulbs as a lighting alternative and the consumers' need for CFL bulbs to work like conventional light bulbs."
While PureSpectrum's ballast model is compatible with any fluorescent lamp, enhancing the CFL ballast design has been the company's primary focus during the past year. According to a study performed by market researchers The Freedonia Group, fluorescent lamps and CFL lamps are expected to experience the most growth among light bulbs during the next three years. The study proposed that CFL sales would pass conventional incandescent lamps in sales dollars but not units.
"The projected growth of CFL sales will increase the urgency for lighting manufacturers to generate products which perform at a higher level than their competitors according to the demands of the consumer," Vanatta said. "Responding to the needs of the consumer will become more important as manufacturers try to distinguish their brands and products in the market place. Those with the best performing CFL bulbs with attributes such as light color and quality will become leaders in the changing marketplace, and I feel that innovative technologies like PureSpectrum will be absorbed into the mainstream."
Please visit www.purespectrumlighting.com or call (912) 961-4980 for more information about PureSpectrum, Inc. or PureSpectrum Technology. For investment information, please contact Equiti-Trend Advisors LLC at (800) 953-3350.
ABOUT PURESPECTRUM
PureSpectrum (PINKSHEETS: PSPM) is a publicly traded technology company founded and headquartered in Savannah, Ga. The company's values are grounded in an awareness of the increasing urgency to identify more efficient energy solutions. PureSpectrum currently holds the rights to multiple patents and patent applications related to an electronic ballast design which would produce a soft switching environment during power conversion for artificial lighting. PureSpectrum will continue its commitment to researching, developing and refining ideas that will provide the most energy efficient, cost effective methods for powering artificial light. For more information on PureSpectrum, please call (912) 961-4980 or visit www.purespectrumlighting.com.
Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for PureSpectrum's products and services, its ability to succeed in growing revenue, the effect of new competitors in its market, integration of acquired businesses, and other risk factors identified from time to time by PureSpectrum. Media Contact:
Stephen Weeks
(912) 356-5770
BMRX bioMETRX, Inc. Announces Integration of AuthenTec Fingerprint Sensor in smartTOUCH(TM) Product Line PR Newswire "US Press Releases "
bioMETRX, Inc. Announces Integration of AuthenTec Fingerprint Sensor in smartTOUCH(TM) Product LinePR Newswire "US Press Releases "
MELBOURNE, Fla. and JERICHO, N.Y., Dec. 18 /PRNewswire-FirstCall/ -- AuthenTec, Inc. (Nasdaq: AUTH), the world's leading provider of fingerprint sensors and solutions, and bioMETRX, Inc. (OTC Bulletin Board: BMRX), a leading provider of biometrically secured consumer products, jointly announced today that bioMETRX has incorporated AuthenTec's AES2510 sensor into its smartTOUCH(TM) product line. bioMETRX's first product, the Master Lock(R) smartTOUCH(TM) garage door opener (GDO), has broken the "under $100.00" retail barrier, a first for any consumer access product featuring AuthenTec's sensor.
The smartTOUCH GDO(TM), sold as the Master Lock(R) smartTOUCH GDO(TM), retails for $97.00 and can be purchased at The Home Depot stores nationwide.
"We are delighted that bioMETRX has selected an AuthenTec sensor as an integral part of its proprietary architecture and mission to design and deliver cost effective, quality consumer biometric products. bioMETRX products simplify the lives of consumers by eliminating the need to remember PIN codes or fumble with keys when opening a door," said Larry Ciaccia, AuthenTec President. "The smartTOUCH GDO(TM) is another great example of the growing adoption of fingerprint sensors in mainstream consumer products that leverage the convenient security of our TruePrint(R)-based fingerprint sensors."
"Our company has spent years researching and testing all of the competing fingerprint sensors to determine which one provides the most reliability and cost efficiency for a consumer based product," commented Mark Basile, Chief Executive Officer for bioMETRX, Inc. "Based on our findings, we selected AuthenTec's AES2510 slide sensor, which has been engineered into our proprietary smartTOUCH(TM) product architecture, and we have experienced very positive feedback from end users."
About bioMETRX, Inc.
bioMETRX, Inc. is rapidly becoming the leader in designing and bringing to market, practical, secure, everyday consumer biometric products for the garage door, door hardware, HVAC, home security, PC, automotive and portable lock markets. Utilizing its proprietary "powered by smartTOUCH(TM)" platform, bioMETRX has developed an entire family of products so smart, they recognize you. The company's product line is branded under the trade name smartTOUCH(TM).
For more information on bioMETRX and/or the company's smartTOUCH(TM) line of products, including the Master Lock smartTOUCH(TM) garage door opener, visit the Company's Web site at http://www.biometrx.net.
About AuthenTec
With more than 25 million sensors in use worldwide, AuthenTec is the world leader in providing fingerprint authentication sensors and solutions to the high-volume PC, wireless device, and access control markets. AuthenTec's award-winning sensors take full advantage of The Power of Touch(R) by utilizing the Company's patented TruePrint(R) technology to deliver the most convenient, reliable and cost-effective means available for enabling touch- powered features that extend beyond user authentication. The Company's customers include: Acer, ASUSTeK, Fujitsu, HP, Hitachi, HTC, Lenovo, LG Electronics, Samsung, and Toshiba, among others.
Safe Harbor Statement: This release may contain certain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release with respect to bioMETRX's business, financial condition or results of operations, as well as matters of timing and the prospective terms of any transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond bioMETRX's control with respect to market acceptance of their technology and/or products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in bioMETRX's filings with the Securities and Exchange Commission.
SOURCE bioMETRX, Inc.
MELBOURNE, Fla. and JERICHO, N.Y., Dec. 18 /PRNewswire-FirstCall/ -- AuthenTec, Inc. (Nasdaq: AUTH), the world's leading provider of fingerprint sensors and solutions, and bioMETRX, Inc. (OTC Bulletin Board: BMRX), a leading provider of biometrically secured consumer products, jointly announced today that bioMETRX has incorporated AuthenTec's AES2510 sensor into its smartTOUCH(TM) product line. bioMETRX's first product, the Master Lock(R) smartTOUCH(TM) garage door opener (GDO), has broken the "under $100.00" retail barrier, a first for any consumer access product featuring AuthenTec's sensor.
The smartTOUCH GDO(TM), sold as the Master Lock(R) smartTOUCH GDO(TM), retails for $97.00 and can be purchased at The Home Depot stores nationwide.
"We are delighted that bioMETRX has selected an AuthenTec sensor as an integral part of its proprietary architecture and mission to design and deliver cost effective, quality consumer biometric products. bioMETRX products simplify the lives of consumers by eliminating the need to remember PIN codes or fumble with keys when opening a door," said Larry Ciaccia, AuthenTec President. "The smartTOUCH GDO(TM) is another great example of the growing adoption of fingerprint sensors in mainstream consumer products that leverage the convenient security of our TruePrint(R)-based fingerprint sensors."
"Our company has spent years researching and testing all of the competing fingerprint sensors to determine which one provides the most reliability and cost efficiency for a consumer based product," commented Mark Basile, Chief Executive Officer for bioMETRX, Inc. "Based on our findings, we selected AuthenTec's AES2510 slide sensor, which has been engineered into our proprietary smartTOUCH(TM) product architecture, and we have experienced very positive feedback from end users."
About bioMETRX, Inc.
bioMETRX, Inc. is rapidly becoming the leader in designing and bringing to market, practical, secure, everyday consumer biometric products for the garage door, door hardware, HVAC, home security, PC, automotive and portable lock markets. Utilizing its proprietary "powered by smartTOUCH(TM)" platform, bioMETRX has developed an entire family of products so smart, they recognize you. The company's product line is branded under the trade name smartTOUCH(TM).
For more information on bioMETRX and/or the company's smartTOUCH(TM) line of products, including the Master Lock smartTOUCH(TM) garage door opener, visit the Company's Web site at http://www.biometrx.net.
About AuthenTec
With more than 25 million sensors in use worldwide, AuthenTec is the world leader in providing fingerprint authentication sensors and solutions to the high-volume PC, wireless device, and access control markets. AuthenTec's award-winning sensors take full advantage of The Power of Touch(R) by utilizing the Company's patented TruePrint(R) technology to deliver the most convenient, reliable and cost-effective means available for enabling touch- powered features that extend beyond user authentication. The Company's customers include: Acer, ASUSTeK, Fujitsu, HP, Hitachi, HTC, Lenovo, LG Electronics, Samsung, and Toshiba, among others.
Safe Harbor Statement: This release may contain certain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release with respect to bioMETRX's business, financial condition or results of operations, as well as matters of timing and the prospective terms of any transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond bioMETRX's control with respect to market acceptance of their technology and/or products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in bioMETRX's filings with the Securities and Exchange Commission.
SOURCE bioMETRX, Inc.
IMAX Imax: Show-stopping 100-theatre joint-venture deal with AMC expected to accelerate profitability post-FY08; initiating FY09 ests - Merriman (6.84
Imax: Show-stopping 100-theatre joint-venture deal with AMC expected to accelerate profitability post-FY08; initiating FY09 ests - Merriman (6.84)Briefing.com "Inplay "
Merriman continues to believe in the long-term prospects for IMAX due to its ability to provide a differentiated viewing experience for consumers. We believe that the pending introduction of a digital system plus more joint venture deals could reaccelerate theater growth and profitability รข¬ exemplified by the 100-theatre JV deal with AMC. We believe that as we approach anticipated improved profitability, IMAX's valuation multiple should also improve. Firm is initiating FY09 ests of $165 mln in rev and $60 mln in EBITDA, representing growth of 28% and 81%, respectively. In the meantime, firm is lowering their FY08 rev and EBITDA ests to account for digital theatre upgrade costs in 2H08 as well as any potential delays in theatre installations until the digital system is available in 2H08 est.
Merriman continues to believe in the long-term prospects for IMAX due to its ability to provide a differentiated viewing experience for consumers. We believe that the pending introduction of a digital system plus more joint venture deals could reaccelerate theater growth and profitability รข¬ exemplified by the 100-theatre JV deal with AMC. We believe that as we approach anticipated improved profitability, IMAX's valuation multiple should also improve. Firm is initiating FY09 ests of $165 mln in rev and $60 mln in EBITDA, representing growth of 28% and 81%, respectively. In the meantime, firm is lowering their FY08 rev and EBITDA ests to account for digital theatre upgrade costs in 2H08 as well as any potential delays in theatre installations until the digital system is available in 2H08 est.
Friday, December 14, 2007
PLUG LIPA OKs 2 percent rate hike [Newsday, Melville, N.Y.] Knight Ridder/Tribune "Business News "
LIPA OKs 2 percent rate hike [Newsday, Melville, N.Y.]Knight Ridder/Tribune "Business News "
Dec. 14--Trustees of the Long Island Power Authority Thursday approved a 2 percent bill increase for 2008, but not without a spirited debate about taxes, fuel and the authority's mixed efforts in diversifying beyond fossil fuels.
In one of the more controversial suggestions, trustee John Fabio floated the idea that LIPA consider a 10-year plan to phase out the tax payments it makes to municipalities, school districts and others for locating power plants and other facilities in their districts. Around 11 cents of every dollar consumers pay on their bills goes to these "payments in lieu of taxes." The 10-year lead-time would allow the dependent recipients to ease their reliance on the payments.
Non-profit entities such as LIPA generally are exempt from taxes.
LIPA chairman James Larocca urged caution on such a proposal, noting that officials who created the authority agreed to continue payments that predecessor Long Island Lighting Co. had made as a tax-paying corporation.
"It was a choice we made," Larocca said. "... If we want to examine changing that choice, we can. In my own view, it will be very difficult to do that. I think to a large extent we're stuck with it."
Fabio said that was no reason not to consider it. "I think sometimes we need to tilt at windmills," he said.
LIPA chief executive Kevin Law, acknowledging that cutting PILOTs was a potentially explosive issue, said he would consider the topic in upcoming planning meetings. "Everything should be on the table," he said.
Trustee Michael Fagin, while not necessarily supporting either position, urged LIPA to be direct with ratepayers. He pointed out that "we're essentially collecting a tax and not calling it that. People should be cognizant of it." He and others noted that tax-burdened residents pay the PILOTs without the benefit of a tax deduction.
Supporters of the concept of overhauling local power plants were aghast at the idea, noting that community support for proposals largely hinges on the payments.
"I think there was a lot of fear brought into this room by the statement" about eliminating PILOTs, Lisa Tyson, director of the Long Island Progressive Coalition, which supports re-powering, told trustees. LIPA this week issued a request for bids to study repowering plants in Northport and Port Jefferson.
Utility veteran Matthew Cordaro took issue with LIPA's decision to implement the 2 percent bill increase, despite massive reserve funds. "The entire rate increase could be avoided by using more reserve funds," he said, suggesting LIPA was being fiscally conservative to appease Wall Street bond raters. "I understand there's a need to make Wall Street comfortable, but there's also a need to make ratepayers comfortable."
Law said avoiding the "temptation" to use more reserves to offset the increase was a matter of fiscal prudence. Without an increase, he said, LIPA would have had "a $100 million hole" in the budget.
Trustee Suzette Smookler expressed pessimism about LIPA's efforts to diversify its energy portfolio, particularly in light of a report this week detailing problems with a 7-year contract to research and demonstrate low-emissions fuel cells with supplier, Plug Power. The said LIPA failed to properly manage the contract, which was plagued by missing reports and cost overruns.
Larocca vowed, "We will protect against that problem repeating itself."
To see more of Newsday, or to subscribe to the newspaper, go to http://www.newsday.com
Copyright (c) 2007, Newsday, Melville, N.Y.
Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
Dec. 14--Trustees of the Long Island Power Authority Thursday approved a 2 percent bill increase for 2008, but not without a spirited debate about taxes, fuel and the authority's mixed efforts in diversifying beyond fossil fuels.
In one of the more controversial suggestions, trustee John Fabio floated the idea that LIPA consider a 10-year plan to phase out the tax payments it makes to municipalities, school districts and others for locating power plants and other facilities in their districts. Around 11 cents of every dollar consumers pay on their bills goes to these "payments in lieu of taxes." The 10-year lead-time would allow the dependent recipients to ease their reliance on the payments.
Non-profit entities such as LIPA generally are exempt from taxes.
LIPA chairman James Larocca urged caution on such a proposal, noting that officials who created the authority agreed to continue payments that predecessor Long Island Lighting Co. had made as a tax-paying corporation.
"It was a choice we made," Larocca said. "... If we want to examine changing that choice, we can. In my own view, it will be very difficult to do that. I think to a large extent we're stuck with it."
Fabio said that was no reason not to consider it. "I think sometimes we need to tilt at windmills," he said.
LIPA chief executive Kevin Law, acknowledging that cutting PILOTs was a potentially explosive issue, said he would consider the topic in upcoming planning meetings. "Everything should be on the table," he said.
Trustee Michael Fagin, while not necessarily supporting either position, urged LIPA to be direct with ratepayers. He pointed out that "we're essentially collecting a tax and not calling it that. People should be cognizant of it." He and others noted that tax-burdened residents pay the PILOTs without the benefit of a tax deduction.
Supporters of the concept of overhauling local power plants were aghast at the idea, noting that community support for proposals largely hinges on the payments.
"I think there was a lot of fear brought into this room by the statement" about eliminating PILOTs, Lisa Tyson, director of the Long Island Progressive Coalition, which supports re-powering, told trustees. LIPA this week issued a request for bids to study repowering plants in Northport and Port Jefferson.
Utility veteran Matthew Cordaro took issue with LIPA's decision to implement the 2 percent bill increase, despite massive reserve funds. "The entire rate increase could be avoided by using more reserve funds," he said, suggesting LIPA was being fiscally conservative to appease Wall Street bond raters. "I understand there's a need to make Wall Street comfortable, but there's also a need to make ratepayers comfortable."
Law said avoiding the "temptation" to use more reserves to offset the increase was a matter of fiscal prudence. Without an increase, he said, LIPA would have had "a $100 million hole" in the budget.
Trustee Suzette Smookler expressed pessimism about LIPA's efforts to diversify its energy portfolio, particularly in light of a report this week detailing problems with a 7-year contract to research and demonstrate low-emissions fuel cells with supplier, Plug Power. The said LIPA failed to properly manage the contract, which was plagued by missing reports and cost overruns.
Larocca vowed, "We will protect against that problem repeating itself."
To see more of Newsday, or to subscribe to the newspaper, go to http://www.newsday.com
Copyright (c) 2007, Newsday, Melville, N.Y.
Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
mdtu Med-Tech Solutions, Inc. -- Closing of Acquisition by Exchange of Common Stock and Closing of Private Placement Market Wire "US Press Release
Med-Tech Solutions, Inc. -- Closing of Acquisition by Exchange of Common Stock and Closing of Private PlacementMarket Wire "US Press Releases "
VANCOUVER, BC -- (MARKET WIRE) -- 12/14/07 -- Med-Tech Solutions, Inc. (OTCBB: MDTU) today announced that it had closed its acquisition of The Four Rivers BioEnergy Company Inc. ("Four Rivers") by an exchange of 40,665,000 shares of its common stock for the outstanding shares of Four Rivers. The shares issued in the exchange are restricted stock. The acquisition will be accounted for under the reverse acquisition accounting rules. As part of the acquisition, the management of Four Rivers became the directors and management of Med-Tech, and the former sole director and officer of Med-Tech resigned.
Simultaneously with the acquisition of Four Rivers, Med-Tech completed a private placement of 28,183,978 shares of common stock to foreign accredited and institutional investors. The private placement agent was International Capital Partners SA. The number of shares sold met the minimum offering amount requirement.
Immediately prior to the acquisition and private placement, Med-Tech effected a recapitalization by a reduction of the outstanding shares of common stock by contribution to the capital of the company. After the three transactions, the acquisition, the private placement and recapitalization, there are 113,449,878 shares of common stock issued and outstanding.
Gary Hudson, the new Chief Executive Officer of the Company, said, "We are delighted to have concluded the acquisition of Four Rivers and the capital raise, both of which will permit the company to aggressively move forward with its business plan of building the proposed integrated bioenergy facility for the production of bioethanol and biodiesel fuels and related by-products. Although many aspects of the plan are well under way, we have much to do in the near future, including satisfaction of various permitting requirements, site acquisition, transportation and supply logistics and finalization of plant design. We are also pursuing various avenues for the required financing to complete the plant and fund its initial operations."
About the Company
The company proposes to construct an integrated 130 MMGPY bioethanol plant and 35 MMGPY biodiesel plant. Logistics will be the intended key differentiator of Four Rivers from other biofuels companies and will give the Four Rivers plant advantages to trade and market its feedstocks and products. Four Rivers, together with its parent corporation, is a development stage company.
Forward-Looking Statements
The statements in the press release that relate to the company's expectation with regard to future impact on the company's results from actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in the document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the company believes that the expectations reflected in the forward-looking statement are reasonable, such statements should not be regarded as a representation by the company, or any other person that such forward-looking statements will be achieved. Since the information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from the expected results. The company disclaims any intent or obligation to update, or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In the light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For Further Information Contact:
Gary Hudson
President and CEO
+1 270 282 0926
Stephen Padgett
Vice President and Group Finance Director
+1 270 282 0943
VANCOUVER, BC -- (MARKET WIRE) -- 12/14/07 -- Med-Tech Solutions, Inc. (OTCBB: MDTU) today announced that it had closed its acquisition of The Four Rivers BioEnergy Company Inc. ("Four Rivers") by an exchange of 40,665,000 shares of its common stock for the outstanding shares of Four Rivers. The shares issued in the exchange are restricted stock. The acquisition will be accounted for under the reverse acquisition accounting rules. As part of the acquisition, the management of Four Rivers became the directors and management of Med-Tech, and the former sole director and officer of Med-Tech resigned.
Simultaneously with the acquisition of Four Rivers, Med-Tech completed a private placement of 28,183,978 shares of common stock to foreign accredited and institutional investors. The private placement agent was International Capital Partners SA. The number of shares sold met the minimum offering amount requirement.
Immediately prior to the acquisition and private placement, Med-Tech effected a recapitalization by a reduction of the outstanding shares of common stock by contribution to the capital of the company. After the three transactions, the acquisition, the private placement and recapitalization, there are 113,449,878 shares of common stock issued and outstanding.
Gary Hudson, the new Chief Executive Officer of the Company, said, "We are delighted to have concluded the acquisition of Four Rivers and the capital raise, both of which will permit the company to aggressively move forward with its business plan of building the proposed integrated bioenergy facility for the production of bioethanol and biodiesel fuels and related by-products. Although many aspects of the plan are well under way, we have much to do in the near future, including satisfaction of various permitting requirements, site acquisition, transportation and supply logistics and finalization of plant design. We are also pursuing various avenues for the required financing to complete the plant and fund its initial operations."
About the Company
The company proposes to construct an integrated 130 MMGPY bioethanol plant and 35 MMGPY biodiesel plant. Logistics will be the intended key differentiator of Four Rivers from other biofuels companies and will give the Four Rivers plant advantages to trade and market its feedstocks and products. Four Rivers, together with its parent corporation, is a development stage company.
Forward-Looking Statements
The statements in the press release that relate to the company's expectation with regard to future impact on the company's results from actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in the document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the company believes that the expectations reflected in the forward-looking statement are reasonable, such statements should not be regarded as a representation by the company, or any other person that such forward-looking statements will be achieved. Since the information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from the expected results. The company disclaims any intent or obligation to update, or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In the light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For Further Information Contact:
Gary Hudson
President and CEO
+1 270 282 0926
Stephen Padgett
Vice President and Group Finance Director
+1 270 282 0943
UITK Ultitek, Ltd. Announces Major Contract With Ukrainian "State Institute of Automation" Market Wire "US Press Releases "
Ultitek, Ltd. Announces Major Contract With Ukrainian "State Institute of Automation"Market Wire "US Press Releases "
ENGLEWOOD CLIFFS, NJ -- (MARKET WIRE) -- 12/14/07 -- Ultitek, Ltd. (OTCBB: UITK) is pleased to announce that on December 12, 2007, Ultitek's Board of Directors approved signing of formal agreement with Ukrainian "State Institute of Automation" to provide airline control services for the country of Ukraine. Included in the services to be provided are Departure Control, Reservations, Airline Operations, Distribution and other modules. Passenger air traffic in and out of the Ukraine is growing at a good pace and "State Institute of Automation" wishes to take advantage of the latest leading edge technology that Ultitek provides. The contract is structured in such a way to bring maximum benefits to both parties.
"This contract is the culmination of the letter of intent we announced on July 16th, 2007. We are pleased the final negotiations took less time than the 180 days than we had anticipated. The contract should not be underestimated. The impact to our revenues and profits in 2008 will be dramatic. Providing we have all the necessary financing in place by the end of this year, in 2008, we expect revenues in excess of 15 million dollars and we expect significant profits on that total. The revenues to be generated by this contract will be even more dramatic in fiscal 2009. We expect gross revenues to exceed 70 million with profits increasing accordingly," said Roman Price CEO.
About Ultitek, Ltd.
Through its wholly owned subsidiary, Transport Automation Information Systems, a Russian company (TAIS), Ultitek, Ltd. has been a provider of Computerized Airline Reservations Systems software (CRS) since 1989. Today Ultitek, Ltd. is the leader among reservations systems in the Russian Aviation market. In 2003, nine million passengers of 60 airlines were serviced by it, which consisted of more than 50% of the transport of passengers performed on domestic scheduled flights of carriers in Russia and the countries of the C.I.S.
SAFE HARBOR: The information in this news release includes certain forward-looking statements as defined in the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. The matters described in these forward-looking statements are based upon assumptions that are subject to significant known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond Ultitek's control. Ultitek faces many risks that could cause its actual performance to differ materially from the results predicted by its forward-looking statements. Although Ultitek believes that the expectations reflected in forward-looking statements are reasonable, because of those risks, Ultitek's actual results, performance or achievements may differ materially from the results, performance or achievements contemplated by its forward-looking statements. Accordingly, it can give no assurance that the expectations of any of its forward-looking statements will prove to be correct. The information set forth in this news release represents management's current expectations and intentions. Ultitek assumes no responsibility to issue updates to the forward-looking matters discussed in this news release. Contact:
Ernest J. Sabato
Ultitek, Ltd.
560 Sylvan Avenue
Englewood Cliffs, New Jersey 07632
Telephone: 1-201-541-1700 or 1-888-ULTITEK
Fax: 1-201-541-1778
Email address: ejs@ultitek.com
http://www.ultitek.com
ENGLEWOOD CLIFFS, NJ -- (MARKET WIRE) -- 12/14/07 -- Ultitek, Ltd. (OTCBB: UITK) is pleased to announce that on December 12, 2007, Ultitek's Board of Directors approved signing of formal agreement with Ukrainian "State Institute of Automation" to provide airline control services for the country of Ukraine. Included in the services to be provided are Departure Control, Reservations, Airline Operations, Distribution and other modules. Passenger air traffic in and out of the Ukraine is growing at a good pace and "State Institute of Automation" wishes to take advantage of the latest leading edge technology that Ultitek provides. The contract is structured in such a way to bring maximum benefits to both parties.
"This contract is the culmination of the letter of intent we announced on July 16th, 2007. We are pleased the final negotiations took less time than the 180 days than we had anticipated. The contract should not be underestimated. The impact to our revenues and profits in 2008 will be dramatic. Providing we have all the necessary financing in place by the end of this year, in 2008, we expect revenues in excess of 15 million dollars and we expect significant profits on that total. The revenues to be generated by this contract will be even more dramatic in fiscal 2009. We expect gross revenues to exceed 70 million with profits increasing accordingly," said Roman Price CEO.
About Ultitek, Ltd.
Through its wholly owned subsidiary, Transport Automation Information Systems, a Russian company (TAIS), Ultitek, Ltd. has been a provider of Computerized Airline Reservations Systems software (CRS) since 1989. Today Ultitek, Ltd. is the leader among reservations systems in the Russian Aviation market. In 2003, nine million passengers of 60 airlines were serviced by it, which consisted of more than 50% of the transport of passengers performed on domestic scheduled flights of carriers in Russia and the countries of the C.I.S.
SAFE HARBOR: The information in this news release includes certain forward-looking statements as defined in the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. The matters described in these forward-looking statements are based upon assumptions that are subject to significant known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond Ultitek's control. Ultitek faces many risks that could cause its actual performance to differ materially from the results predicted by its forward-looking statements. Although Ultitek believes that the expectations reflected in forward-looking statements are reasonable, because of those risks, Ultitek's actual results, performance or achievements may differ materially from the results, performance or achievements contemplated by its forward-looking statements. Accordingly, it can give no assurance that the expectations of any of its forward-looking statements will prove to be correct. The information set forth in this news release represents management's current expectations and intentions. Ultitek assumes no responsibility to issue updates to the forward-looking matters discussed in this news release. Contact:
Ernest J. Sabato
Ultitek, Ltd.
560 Sylvan Avenue
Englewood Cliffs, New Jersey 07632
Telephone: 1-201-541-1700 or 1-888-ULTITEK
Fax: 1-201-541-1778
Email address: ejs@ultitek.com
http://www.ultitek.com
PRPM Propalms, Inc.'s 10-SB Filing Available on SEC Web Site Market Wire "US Press Releases "
Propalms, Inc.'s 10-SB Filing Available on SEC Web SiteMarket Wire "US Press Releases "
NORTH YORKSHIRE, UK -- (MARKET WIRE) -- 12/14/07 -- Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company's 10-SB filing, as of December 13, 2007, has been listed on the Securities and Exchange Commissions Web site for further viewing. The Company's registration with the SEC should be effective in 60 days, pending the resolution of any SEC comments.
Once effective, the registration will establish a file available to the public that will comprise financial and business-related information on Propalms. Such registration will make the Company eligible to trade on the OTC Bulletin Board and designate the Company as a fully reporting entity under the Securities Exchange Act of 1934. Pursuant to these rules, Propalms is required to regularly issue Form 10-Q quarterly reports, Form 10K annual reports, Form 8-K corporate development reports, proxy rules, and audited annual financial reports.
"I am pleased to report that filing our Form 10-SB represents the Company's first step in the ongoing process of uplisting, and that we now await any SEC comments that must be cleared before our registration is effective. By becoming a fully reporting company, we will establish a public record of our ongoing financial and corporate developments. This will move us one step closer to our corporate goal of obtaining a listing on a national securities exchange," stated Owen Dukes, CEO of Propalms, Inc.
To view the complete 10-SB filing, please visit: http://sec.gov/Archives/edgar/data/1421100/000110889007000375/0001108890-07-000375-index.htm.
Propalms, Inc.'s annual shareholder meeting will be held on Friday, January 11, 2008, at 10:00 a.m. PST at the Luxor Hotel in Las Vegas, Nevada. Shareholders that would like to reserve a room at the hotel to attend the shareholder meeting should contact the Luxor Hotel at 888-777-0188 or 702-262-4444. The Luxor Hotel is located at 3900 Las Vegas Boulevard, South Las Vegas, Nevada, 89119. Propalms' shareholder meeting will be held in the Nile Chamber C.
About Propalms, Inc.:
Propalms TSE, the complete Server-Based Management solution that extends Microsoft Terminal Services 2000/2003, offers features such as Application Publishing, Seamless Windows, Resource-based Load balancing, and Web-based management consoles.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit http://www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro. Contact:
For more information, please visit:
http://www.propalms.com
or Call
Investor Relations
+ 1-866-THE-APPL(E)
NORTH YORKSHIRE, UK -- (MARKET WIRE) -- 12/14/07 -- Propalms, Inc. (PINKSHEETS: PRPM) is pleased to announce that the Company's 10-SB filing, as of December 13, 2007, has been listed on the Securities and Exchange Commissions Web site for further viewing. The Company's registration with the SEC should be effective in 60 days, pending the resolution of any SEC comments.
Once effective, the registration will establish a file available to the public that will comprise financial and business-related information on Propalms. Such registration will make the Company eligible to trade on the OTC Bulletin Board and designate the Company as a fully reporting entity under the Securities Exchange Act of 1934. Pursuant to these rules, Propalms is required to regularly issue Form 10-Q quarterly reports, Form 10K annual reports, Form 8-K corporate development reports, proxy rules, and audited annual financial reports.
"I am pleased to report that filing our Form 10-SB represents the Company's first step in the ongoing process of uplisting, and that we now await any SEC comments that must be cleared before our registration is effective. By becoming a fully reporting company, we will establish a public record of our ongoing financial and corporate developments. This will move us one step closer to our corporate goal of obtaining a listing on a national securities exchange," stated Owen Dukes, CEO of Propalms, Inc.
To view the complete 10-SB filing, please visit: http://sec.gov/Archives/edgar/data/1421100/000110889007000375/0001108890-07-000375-index.htm.
Propalms, Inc.'s annual shareholder meeting will be held on Friday, January 11, 2008, at 10:00 a.m. PST at the Luxor Hotel in Las Vegas, Nevada. Shareholders that would like to reserve a room at the hotel to attend the shareholder meeting should contact the Luxor Hotel at 888-777-0188 or 702-262-4444. The Luxor Hotel is located at 3900 Las Vegas Boulevard, South Las Vegas, Nevada, 89119. Propalms' shareholder meeting will be held in the Nile Chamber C.
About Propalms, Inc.:
Propalms TSE, the complete Server-Based Management solution that extends Microsoft Terminal Services 2000/2003, offers features such as Application Publishing, Seamless Windows, Resource-based Load balancing, and Web-based management consoles.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit http://www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro. Contact:
For more information, please visit:
http://www.propalms.com
or Call
Investor Relations
+ 1-866-THE-APPL(E)
IMMU Immunomedics: UCBplans to continue Epratuzumab development for SLE - Lazard (2.69) Briefing.com "Inplay "
Immunomedics: UCBplans to continue Epratuzumab development for SLE - Lazard (2.69)Briefing.com "Inplay "
Lazard notes the UCB reported that Epratuzumab had a favorable efficacy and tolerability profile in the ALLEVIATE SLE trials. This morning Immunomedics' Epratuzumab-development partner, UCB, provided an update of its clinical development plan for the antibody. Following an analysis of the closed Phase III ALLEVIATE trials of Epratuzumab for SLE, UCB has elected to continue development of the drug for systemic lupus erythematosus. Firm believes this analysis included fewer than 100 patients as the ALLEVIATE trials were placed on clinical hold by UCB in late 2006 following a UCB audit of Immunomedics' end-stage manufacturing processes.
Lazard notes the UCB reported that Epratuzumab had a favorable efficacy and tolerability profile in the ALLEVIATE SLE trials. This morning Immunomedics' Epratuzumab-development partner, UCB, provided an update of its clinical development plan for the antibody. Following an analysis of the closed Phase III ALLEVIATE trials of Epratuzumab for SLE, UCB has elected to continue development of the drug for systemic lupus erythematosus. Firm believes this analysis included fewer than 100 patients as the ALLEVIATE trials were placed on clinical hold by UCB in late 2006 following a UCB audit of Immunomedics' end-stage manufacturing processes.
RPBC Redpoint Bio Signs Research & Technology Development Agreement with The Coca-Cola Company Business Wire "US Press Releases "
Redpoint Bio Signs Research & Technology Development Agreement with The Coca-Cola CompanyBusiness Wire "US Press Releases "
EWING, N.J.--(BUSINESS WIRE)--
Redpoint Bio Corporation (OTCBB: RPBC), a company developing ingredients to improve the taste of pharmaceutical, food and beverage products, today announced that it has signed a research agreement with The Coca-Cola Company (NYSE: KO), the world's largest beverage company, to develop proprietary technology for use in non-alcoholic beverages.
Under terms of the one-year agreement, for a six month period beginning on the effective date of the agreement, Redpoint has granted Coca-Cola an exclusive right to negotiate to extend and expand the collaboration into a broader, multi-year research, development and commercialization program. For more information, see the related 8-K filing by Redpoint Bio with the Securities and Exchange Commission.
"We are extremely pleased to have established this new research and technology development collaboration with industry leader, The Coca-Cola Company - Redpoint Bio's second food industry collaboration signed in 2007," said Ray Salemme, Ph.D., Chief Executive Officer of Redpoint Bio. "We believe this agreement is a further endorsement of Redpoint Bio's unique capabilities for the discovery and development of beverage technology. We look forward to working with The Coca-Cola Company team."
Grant DuBois, Ph.D., Director, Ingredient & Product Sciences for The Coca-Cola Company, noted, "We believe that Redpoint Bio's extensive knowledge of taste science, coupled with their full suite of discovery tools, can contribute to the development of new technology for use in existing and future non-alcoholic beverages."
About Redpoint Bio Corporation
Redpoint Bio is leveraging recent discoveries in the molecular biology of taste to discover and develop novel taste modulators for the food, beverage and pharmaceutical industries. Redpoint Bio's food and beverage program is focused on identifying novel flavors that improve the tastes of existing ingredients and enable the development of better-tasting foods and beverages. The pharmaceutical program uses a biochemical approach aimed at suppressing the bitterness of medicines, which has the potential to expand the range of formulation options and increase patient compliance. For more information, please visit the Company's website at www.redpointbio.com.
About The Coca-Cola Company
The Coca-Cola Company is the world's largest beverage company. Along with Coca-Cola(R), recognized as the world's most valuable brand, the Company markets four of the world's top five nonalcoholic sparkling brands, including Diet Coke(R), Fanta(R) and Sprite(R), and a wide range of other beverages, including diet and light beverages, waters, juices and juice drinks, teas, coffees, energy and sports drinks. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy the Company's beverages at a rate exceeding 1.4 billion servings each day. For more information about The Coca-Cola Company, please visit our website at www.thecoca-colacompany.com.
Safe Harbor Statement
In addition to historical facts or statements of current condition, this press release contains forward-looking statements within the meaning of the "Safe Harbor" provisions of The Private Securities Litigation Reform Act of 1995. Forward-looking statements provide the Company's current expectations or forecasts of future events. The Company's performance and financial results could differ materially from those reflected in these forward-looking statements due to among other factors, uncertainty inherent in the discovery phase of technological development, any efforts by third parties to invalidate or limit any patents, the marketplace acceptance of its products, the decisions of regulatory authorities, the results of clinical trials and general financial, economic, regulatory and political conditions affecting the food, biotechnology and pharmaceutical industries generally. Given these risks and uncertainties, any or all of these forward-looking statements may prove to be incorrect. The Company undertakes no obligation to update publicly any forward-looking statement.
Source: Redpoint Bio Corporation
EWING, N.J.--(BUSINESS WIRE)--
Redpoint Bio Corporation (OTCBB: RPBC), a company developing ingredients to improve the taste of pharmaceutical, food and beverage products, today announced that it has signed a research agreement with The Coca-Cola Company (NYSE: KO), the world's largest beverage company, to develop proprietary technology for use in non-alcoholic beverages.
Under terms of the one-year agreement, for a six month period beginning on the effective date of the agreement, Redpoint has granted Coca-Cola an exclusive right to negotiate to extend and expand the collaboration into a broader, multi-year research, development and commercialization program. For more information, see the related 8-K filing by Redpoint Bio with the Securities and Exchange Commission.
"We are extremely pleased to have established this new research and technology development collaboration with industry leader, The Coca-Cola Company - Redpoint Bio's second food industry collaboration signed in 2007," said Ray Salemme, Ph.D., Chief Executive Officer of Redpoint Bio. "We believe this agreement is a further endorsement of Redpoint Bio's unique capabilities for the discovery and development of beverage technology. We look forward to working with The Coca-Cola Company team."
Grant DuBois, Ph.D., Director, Ingredient & Product Sciences for The Coca-Cola Company, noted, "We believe that Redpoint Bio's extensive knowledge of taste science, coupled with their full suite of discovery tools, can contribute to the development of new technology for use in existing and future non-alcoholic beverages."
About Redpoint Bio Corporation
Redpoint Bio is leveraging recent discoveries in the molecular biology of taste to discover and develop novel taste modulators for the food, beverage and pharmaceutical industries. Redpoint Bio's food and beverage program is focused on identifying novel flavors that improve the tastes of existing ingredients and enable the development of better-tasting foods and beverages. The pharmaceutical program uses a biochemical approach aimed at suppressing the bitterness of medicines, which has the potential to expand the range of formulation options and increase patient compliance. For more information, please visit the Company's website at www.redpointbio.com.
About The Coca-Cola Company
The Coca-Cola Company is the world's largest beverage company. Along with Coca-Cola(R), recognized as the world's most valuable brand, the Company markets four of the world's top five nonalcoholic sparkling brands, including Diet Coke(R), Fanta(R) and Sprite(R), and a wide range of other beverages, including diet and light beverages, waters, juices and juice drinks, teas, coffees, energy and sports drinks. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy the Company's beverages at a rate exceeding 1.4 billion servings each day. For more information about The Coca-Cola Company, please visit our website at www.thecoca-colacompany.com.
Safe Harbor Statement
In addition to historical facts or statements of current condition, this press release contains forward-looking statements within the meaning of the "Safe Harbor" provisions of The Private Securities Litigation Reform Act of 1995. Forward-looking statements provide the Company's current expectations or forecasts of future events. The Company's performance and financial results could differ materially from those reflected in these forward-looking statements due to among other factors, uncertainty inherent in the discovery phase of technological development, any efforts by third parties to invalidate or limit any patents, the marketplace acceptance of its products, the decisions of regulatory authorities, the results of clinical trials and general financial, economic, regulatory and political conditions affecting the food, biotechnology and pharmaceutical industries generally. Given these risks and uncertainties, any or all of these forward-looking statements may prove to be incorrect. The Company undertakes no obligation to update publicly any forward-looking statement.
Source: Redpoint Bio Corporation
GREN hristmas goes environmentally savvy [The Oklahoman] Knight Ridder/Tribune "Business News "
hristmas goes environmentally savvy [The Oklahoman]Knight Ridder/Tribune "Business News "
Dec. 14--Some may dream of a white Christmas, but this year Christmas has gone "green."
"Green," gifts -- those that won't harm Mother Nature -- are one of the season's biggest trends.
Thanks to Al Gore and the global warming dialogue, "A lot customers are starting to become more environmentally interested," said Kevin Mashburn, owner of Kamber's.
His store, 7308 N Western Ave., sells GreenSmart laptop sleeves, $39.95, refashioned from plastic bottles.
Green goods For the eco-conscious recipient, LUX, 7318 N Western Ave., sells Vy & Elle purses made from recycled vinyl billboards. So far Vy & Elle has recycled 42 tons of vinyl that would have otherwise been dumped in landfills, said store director Troy Wilson.
Besides helping save the environment, he said the bags are cute. "It's really fun because it's kind of a color contrast. And they're one-of-a-kind, because you never know which part of the billboard they're going to use," he said.
The store also sells a line of environmentally friendly cleaning products, scents and a hand soap and lotion set, $27. Caldrea, a popular gift at LUX, is made from plants, and doesn't contain ammonia, bleach or harmful detergents.
"Caldrea we've carried for years, but the whole green thing has become more of an issue I think as people are becoming more aware," Wilson said.
He said the store carries and sells more green items than they did a year ago. However, Wilson said, quality is more important to the customer than a product's "greenness."
"(Eco-friendly) is an added selling point. I don't know if it's the selling point," he said. "As a retailer, I'm definitely becoming more aware."
Last summer, LUX began using shopping bags made from recycled paper. And as much as possible, Wilson said, he prefers to buy from green suppliers who use recycled packaging material.
Some call it trash Jeanette Koenig, owner of Route 66, 5000 N Pennsylvania Ave., strives to sell merchandise that isn't "just stuff." She loves things that are different, well designed and have a story, like the recycled license-plate purses, photo albums, $25, and CD cases the store sells.
Route 66 also sells coasters, bowls and bracelets made from recycled vinyl records, CD racks made from bicycle wheels, $95, and purses which can be cleaned with Armor All.
"The purses are amazing. They look like fashion bags, but they're not made of leather. They're darling recycled inner tube with 60,000 miles or more," she said.
The store also sells inner tube briefcases and belts which are adorned with reclaimed bottle caps and seat-belt buckles.
Toys, too, are going green. Learning Tree Toys Books & Games, 7638 N Western, sells Hape toys which are made from bamboo, a very replenishable wood. The store also sells Blue Orange, a line of wooden games. The San Francisco-based company claims to plant two trees for every tree it cuts down.
Even discount retailers such as Target and Wal-Mart are hopping on the green wagon by promoting lines of eco-friendly gifts for the holiday shopping season.
Organic cotton sheet sets, $80-$110, are "a hot eco-friendly gift" at Target, spokeswoman Anne Rodgers said.
She said clean-burning soy candles are also a popular gift idea. A rock garden soy candle gift set sells for $11.
"We're definitely seeing an increased interest from our guests in eco-friendly merchandise," she said.
Wal-Mart jumps in Wal-Mart also is promoting organic coffee, organic cotton clothing and other recyclable products such as toothbrushes.
Some retailers said the green trend is just a fad, however others took a more optimistic viewpoint.
"I've been a green store for 19 years," Koenig said. She said she plans to continue selling recycled merchandise at Route 66.
"I think it's definitely become more of a movement," Wilson said.
"I think it's here to stay. As more companies become aware and become more efficient at doing it, I think it's definitely going to expand."
To see more of The Oklahoman, or to subscribe to the newspaper, go to http://www.newsok.com.
Copyright (c) 2007, The Oklahoman
Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
Dec. 14--Some may dream of a white Christmas, but this year Christmas has gone "green."
"Green," gifts -- those that won't harm Mother Nature -- are one of the season's biggest trends.
Thanks to Al Gore and the global warming dialogue, "A lot customers are starting to become more environmentally interested," said Kevin Mashburn, owner of Kamber's.
His store, 7308 N Western Ave., sells GreenSmart laptop sleeves, $39.95, refashioned from plastic bottles.
Green goods For the eco-conscious recipient, LUX, 7318 N Western Ave., sells Vy & Elle purses made from recycled vinyl billboards. So far Vy & Elle has recycled 42 tons of vinyl that would have otherwise been dumped in landfills, said store director Troy Wilson.
Besides helping save the environment, he said the bags are cute. "It's really fun because it's kind of a color contrast. And they're one-of-a-kind, because you never know which part of the billboard they're going to use," he said.
The store also sells a line of environmentally friendly cleaning products, scents and a hand soap and lotion set, $27. Caldrea, a popular gift at LUX, is made from plants, and doesn't contain ammonia, bleach or harmful detergents.
"Caldrea we've carried for years, but the whole green thing has become more of an issue I think as people are becoming more aware," Wilson said.
He said the store carries and sells more green items than they did a year ago. However, Wilson said, quality is more important to the customer than a product's "greenness."
"(Eco-friendly) is an added selling point. I don't know if it's the selling point," he said. "As a retailer, I'm definitely becoming more aware."
Last summer, LUX began using shopping bags made from recycled paper. And as much as possible, Wilson said, he prefers to buy from green suppliers who use recycled packaging material.
Some call it trash Jeanette Koenig, owner of Route 66, 5000 N Pennsylvania Ave., strives to sell merchandise that isn't "just stuff." She loves things that are different, well designed and have a story, like the recycled license-plate purses, photo albums, $25, and CD cases the store sells.
Route 66 also sells coasters, bowls and bracelets made from recycled vinyl records, CD racks made from bicycle wheels, $95, and purses which can be cleaned with Armor All.
"The purses are amazing. They look like fashion bags, but they're not made of leather. They're darling recycled inner tube with 60,000 miles or more," she said.
The store also sells inner tube briefcases and belts which are adorned with reclaimed bottle caps and seat-belt buckles.
Toys, too, are going green. Learning Tree Toys Books & Games, 7638 N Western, sells Hape toys which are made from bamboo, a very replenishable wood. The store also sells Blue Orange, a line of wooden games. The San Francisco-based company claims to plant two trees for every tree it cuts down.
Even discount retailers such as Target and Wal-Mart are hopping on the green wagon by promoting lines of eco-friendly gifts for the holiday shopping season.
Organic cotton sheet sets, $80-$110, are "a hot eco-friendly gift" at Target, spokeswoman Anne Rodgers said.
She said clean-burning soy candles are also a popular gift idea. A rock garden soy candle gift set sells for $11.
"We're definitely seeing an increased interest from our guests in eco-friendly merchandise," she said.
Wal-Mart jumps in Wal-Mart also is promoting organic coffee, organic cotton clothing and other recyclable products such as toothbrushes.
Some retailers said the green trend is just a fad, however others took a more optimistic viewpoint.
"I've been a green store for 19 years," Koenig said. She said she plans to continue selling recycled merchandise at Route 66.
"I think it's definitely become more of a movement," Wilson said.
"I think it's here to stay. As more companies become aware and become more efficient at doing it, I think it's definitely going to expand."
To see more of The Oklahoman, or to subscribe to the newspaper, go to http://www.newsok.com.
Copyright (c) 2007, The Oklahoman
Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
DRRAQ Dura to delay exit from bankruptcy: Credit market troubles are cited [Detroit Free Press] Knight Ridder/Tribune "Business News "
Dura to delay exit from bankruptcy: Credit market troubles are cited [Detroit Free Press]Knight Ridder/Tribune "Business News "
Dec. 14--The ailing credit market has posed a new challenge for another local auto supplier struggling to leave bankruptcy.
Rochester Hills-based Dura Automotive Systems Inc. plans to delay its exit from Chapter 11 bankruptcy because the tight credit market has made it difficult to attract an exit loan.
"The credit markets have continued to move against us these past few weeks, and the financing terms available in this market are not acceptable to the company," Dura CEO Larry Denton said in a statement Thursday.
Dura had planned to leave bankruptcy before the end of the year. The company said Thursday it would evaluate its financing strategy early next year and "will plan for emergence as soon as practicable."
Dura is trying to find a $425-million exit loan and said just Monday that most of that financing had been lined up.
Dura's delay is yet another example of how the subprime mortgage crisis has made it tougher for companies to attract loans. Banks have become more conservative in their lending after losing billions in the risky mortgage market.
"There's just not a lot of confidence right now," said Van Conway, president of Birmingham-based turnaround firm Conway MacKenzie & Dunleavy. "People are concerned that there's more to come."
Conway said Dura's trouble with the credit market shows signs of unfolding like Delphi Corp.'s bankruptcy case.
Delphi also delayed its expected bankruptcy exit to next year as the company tries to arrange a $6.8-billion exit loan. Delphi had reduced the loan it is seeking by nearly $2 billion.
To do that, Delphi changed the way it plans to pay creditors, which led to several other changes to appease those groups slated to vote on the plan.
Dura not only faces the challenge of a tight credit market, but a bleak forecast for North American auto sales and production.
CSM Worldwide said Thursday that it expects light vehicle production in North America to drop to 14.4 million next year, its lowest level in almost 15 years and 2008 U.S. vehicle sales to drop to 15.8 million, the lowest in a decade.
Dura plans to leave bankruptcy as a private company, under the ownership of Santa Barbara, Calif.-based private equity firm Pacificor LLC.
The company filed for Chapter 11 in October last year, amid a string of large auto supplier bankruptcies, after losing business from Lear Corp.
Contact JEWEL GOPWANI at 313-223-4550 or gopwani@freepress.com.
To see more of the Detroit Free Press, or to subscribe to the newspaper, go to http://www.freep.com
Copyright (c) 2007, Detroit Free Press
Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
Dec. 14--The ailing credit market has posed a new challenge for another local auto supplier struggling to leave bankruptcy.
Rochester Hills-based Dura Automotive Systems Inc. plans to delay its exit from Chapter 11 bankruptcy because the tight credit market has made it difficult to attract an exit loan.
"The credit markets have continued to move against us these past few weeks, and the financing terms available in this market are not acceptable to the company," Dura CEO Larry Denton said in a statement Thursday.
Dura had planned to leave bankruptcy before the end of the year. The company said Thursday it would evaluate its financing strategy early next year and "will plan for emergence as soon as practicable."
Dura is trying to find a $425-million exit loan and said just Monday that most of that financing had been lined up.
Dura's delay is yet another example of how the subprime mortgage crisis has made it tougher for companies to attract loans. Banks have become more conservative in their lending after losing billions in the risky mortgage market.
"There's just not a lot of confidence right now," said Van Conway, president of Birmingham-based turnaround firm Conway MacKenzie & Dunleavy. "People are concerned that there's more to come."
Conway said Dura's trouble with the credit market shows signs of unfolding like Delphi Corp.'s bankruptcy case.
Delphi also delayed its expected bankruptcy exit to next year as the company tries to arrange a $6.8-billion exit loan. Delphi had reduced the loan it is seeking by nearly $2 billion.
To do that, Delphi changed the way it plans to pay creditors, which led to several other changes to appease those groups slated to vote on the plan.
Dura not only faces the challenge of a tight credit market, but a bleak forecast for North American auto sales and production.
CSM Worldwide said Thursday that it expects light vehicle production in North America to drop to 14.4 million next year, its lowest level in almost 15 years and 2008 U.S. vehicle sales to drop to 15.8 million, the lowest in a decade.
Dura plans to leave bankruptcy as a private company, under the ownership of Santa Barbara, Calif.-based private equity firm Pacificor LLC.
The company filed for Chapter 11 in October last year, amid a string of large auto supplier bankruptcies, after losing business from Lear Corp.
Contact JEWEL GOPWANI at 313-223-4550 or gopwani@freepress.com.
To see more of the Detroit Free Press, or to subscribe to the newspaper, go to http://www.freep.com
Copyright (c) 2007, Detroit Free Press
Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
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