COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: Malers Automation and Control Completes Reverse Merger with Global Explorations Inc.
Merger Leads to New Business Direction of Automation and Control for Industry
HADERA, Israel, Mar 14, 2005 (PRIMEZONE via COMTEX) -- Malers Automation and Control Ltd. ("Malers") today announced the successful completion of the reverse merger with Global Explorations Inc. Malers' management team is now in full control of the new company. The company's trading symbol is (Pink Sheets:GXXL).
"We are pleased that our reverse merger was completed in a timely fashion," notes Ronen Luzon, CEO of Malers. "We look forward to keeping the investing public up to date on our activities and help our stockholders realize significant value in their investments."
Malers Automation and Control Ltd. is an Israeli systems company that develops, manufactures, sells and maintains automation and control systems for industrial applications. The Company produces turn-key systems that replace labor intensive, error prone and costly manual production and monitoring functions. Since the Company's inception in 1996, Malers' custom designed systems have been installed in major industrial applications worldwide. Their systems offer centralized and remote control of complex manufacturing processes, and data collection and analysis systems.
For more information, please contact Ronen Luzon, at 011-972-54-477-5656 or invest@malers.com, or visit us on the Web at www.malers.com.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
SOURCE: Malers Automation and Control Ltd.
By Staff
CONTACT: Malers Automation and Control Ltd. Ronen Luzon 011-972-54-477-5656 invest@malers.com
(C) 2005 PRIMEZONE, All rights reserved. -0-
INDUSTRY KEYWORD: Business Services SUBJECT CODE: STOCK MERGER AUTOMATION MERGERS Mergers and Acquisitions Stock Market Ne
Posts: 5120 | Registered: Jun 2004
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posted
Well is that good or bad for us. We did get our divy's last week, still restricted but we did get them. Another wait and see stock.
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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I am just watching for now. Who knows what the reaction will be.
All I seem so far is that there was no bid this morning and MM's are starting to line up on the BId know, 6 now.
Posts: 5120 | Registered: Jun 2004
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With more than 1Billion volume today...this one,s got to move.
7B OS and 1B not accounted yet...probably that part that the MM played today.
New co. should release a PR stating where they are with the exact OS and some financials would be good...they have been in business since 1996...very interesting.
posted
Also been trying to find info on "Malers Automation and Control Ltd" company but no luck yet.
I did receive my shares of FNRP but still no info on the restrictions??? I emailed smsmillennium911@yahoo.com over a week ago asking for more info and still awaiting a response.
Does anyone have any solid info on the restrictions or this Malers company?
Posts: 46 | From: Hawaii | Registered: Feb 2005
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I think it is all a lie . I own shares of GXXL and FNRP and I don't believe any of the stuff they say is true.
Posts: 14 | From: VA | Registered: Feb 2005
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Malers Automation and Control's Strategic Alliance with Russian Partner Expected to Expand Business Horizons via COMTEX
March 16, 2005
Systems and Projects in Major Vertical Markets Command Higher Price Tags
HADERA, Israel , Mar 16, 2005 (PRIMEZONE via COMTEX) --
Malers Automation and Control Ltd. ("Malers") (Pink Sheets:GXXL), after finalizing its strategic partnership agreement with Automatic Service, expects to not only see a general growth in revenues, but also a notable increase in the ticket price of systems and projects developed.
Malers entered into this agreement with Automatic Service, a privately held automation and control company founded in 1990 and located in Ryazan, a region of Russia just south of Moscow. In working with Automatic Service, Malers will now have direct access to the over 30% of Russia's existing oil refineries that are in need of system overhauls. In addition, the two companies have targeted power stations and heavy industry throughout the country as secondary vertical markets.
Ronen Luzon, CEO of Malers, is optimistic of this Israeli-Russian alliance, "Both companies excel in designing projects and creating new systems. Up until now, our average price tag for a system would run anywhere from tens of thousands of dollars to hundreds of thousands of dollars and projects would garner revenues in the hundreds of thousands of dollars. Now, in working with Automatic Service, we expect to take on larger projects with appreciably higher value."
Turnaround time for turn-key projects takes an average of around 12 to 16 months, while systems can take only a few months, from design to installation. The Company is equipped to design, manufacture, sell and service the most complex of systems and projects. Malers' proficiency in the automation and control field continues to expand and deepen.
As a result, Malers' business development efforts bring about positive results. Their team of professionals works closely with the Company's existing client base of pharmaceuticals, heavy industry, plastics and more, which often leads to new sales opportunities. In addition, their marketing team is always on the lookout for leads through announcements of new builds of power plants and industrial facilities.
Costly human error in processing industries is often a major impetus for companies to look for automated solutions. The Company's core strengths lie in its ability to build out systems and projects that are process-intensive industries with complex requirements, ranging from remote data collection and monitoring to real-time analysis and control of multifaceted processes.
The agreement with Automatic Service is viewed as a template for future strategic partnerships that the Company plans to create in the coming months. These combined efforts will give Malers the ability to expand its horizons both in marketing and operations, thereby increasing the value of the Company.
Posts: 221 | From: Montreal,Canada | Registered: Sep 2003
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Malers Automation and Control`s Strategic Alliance with Russian Partner Expected to Expand Business Horizons
March 16, 2005 14:00:28 (ET)
HADERA, Israel , Mar 16, 2005 (PRIMEZONE via COMTEX) -- Malers Automation and Control Ltd. ("Malers") (Pink Sheets:GXXL), after finalizing its strategic partnership agreement with Automatic Service, expects to not only see a general growth in revenues, but also a notable increase in the ticket price of systems and projects developed.
Malers entered into this agreement with Automatic Service, a privately held automation and control company founded in 1990 and located in Ryazan, a region of Russia just south of Moscow. In working with Automatic Service, Malers will now have direct access to the over 30% of Russia's existing oil refineries that are in need of system overhauls. In addition, the two companies have targeted power stations and heavy industry throughout the country as secondary vertical markets.
Ronen Luzon, CEO of Malers, is optimistic of this Israeli-Russian alliance, "Both companies excel in designing projects and creating new systems. Up until now, our average price tag for a system would run anywhere from tens of thousands of dollars to hundreds of thousands of dollars and projects would garner revenues in the hundreds of thousands of dollars. Now, in working with Automatic Service, we expect to take on larger projects with appreciably higher value."
Turnaround time for turn-key projects takes an average of around 12 to 16 months, while systems can take only a few months, from design to installation. The Company is equipped to design, manufacture, sell and service the most complex of systems and projects. Malers' proficiency in the automation and control field continues to expand and deepen.
As a result, Malers' business development efforts bring about positive results. Their team of professionals works closely with the Company's existing client base of pharmaceuticals, heavy industry, plastics and more, which often leads to new sales opportunities. In addition, their marketing team is always on the lookout for leads through announcements of new builds of power plants and industrial facilities.
Costly human error in processing industries is often a major impetus for companies to look for automated solutions. The Company's core strengths lie in its ability to build out systems and projects that are process-intensive industries with complex requirements, ranging from remote data collection and monitoring to real-time analysis and control of multifaceted processes.
The agreement with Automatic Service is viewed as a template for future strategic partnerships that the Company plans to create in the coming months. These combined efforts will give Malers the ability to expand its horizons both in marketing and operations, thereby increasing the value of the Company.
Posts: 795 | From: Brown Deer, WI 53223 | Registered: Feb 2004
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all I know is that before GXXL had no company operations and was tradeing .0001-.0002 now we have a company and still tradeing under the same price??? also the new company has been in business for 9 years and just signed a deal with a company in business for 10 years lots of experince comeing in IMO and lots of international exposer might be good have to wait and see. GLTA
Posts: 795 | From: Brown Deer, WI 53223 | Registered: Feb 2004
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This is not going anywhere, been holding this one for a very long time with no gain.
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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Is it still GXXL or now FNRP. I still show GXXL in my account and I also show FNRP but its a wierd # instead of symbol. Anyone have any info on this. Appreciate it. Thx
Posts: 13 | Registered: Mar 2005
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i have held on to this one for quite sometime now--alot has happend over the last ten months--this seems to be great news i guess only time will tell though-i have had both dividends of fnrp but theyt seem to be worthless cause there is no volume on that stock--however what i find now on malers so far seems to be pretty good
Posts: 32 | From: Kentucky | Registered: Mar 2005
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COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Malers Automation and Control Enters Homeland Security Market
Defense System Answers Yet Unsolved Terror Problem
HADERA, Israel, Mar 18, 2005 (PRIMEZONE via COMTEX) -- Malers Automation and Control Ltd. ("Malers") (Pink Sheets:GXXL) today announced that the Company has entered a segment of the homeland security market with a newly developed system. The need for such a system is broad-based, representing a particularly large worldwide market. Malers' new defense system was designed to prevent the infiltration of terrorists under security fences. Depending on the size of the areas to be covered, the system prices could be in the hundreds of thousands of dollars.
"Clearly, this offers Malers a very large and profitable market opportunity," says Ronen Luzon, Malers' CEO. "We developed this system with Automatic Service, our new Russian partners. This shows just how well we can leverage the knowledge of both teams to come up with high value systems that can be used in markets around the world."
The two companies are now in the process of submitting proposals to military departments in several countries. This new product was born out of the fact that there have been numerous terrorist attacks and attempted attacks on Israel by digging under security fences. Terrorist organizations worldwide have begun using similar techniques, making their prevention a very hot issue in the defense industry.
Malers has begun the process of submitting patents on the new system.
About Malers
Malers Automation and Control Ltd. is an Israeli systems company that develops, manufactures, sells and maintains automation and control systems for industrial applications. The Company produces turn-key systems that replace labor intensive, error prone and costly manual production and monitoring functions. Since the Company's inception in 1996, Malers' custom designed systems have been installed in major industrial applications worldwide. Their systems offer centralized and remote control of complex manufacturing processes, and data collection and analysis systems.
For more information, please contact Ronen Luzon, at 011-972-54-477-5656 or malers-a(@)malers-automation.com or visit us on the Web at www.malers-automation.com.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
SOURCE: Malers Automation and Control Ltd.
By Staff
CONTACT: Malers Automation and Control Ltd. Ronen Luzon 011-972-54-477-5656 malers-a@malers.com
(C) 2005 PRIMEZONE, All rights reserved.
-0-
INDUSTRY KEYWORD: Business Services SUBJECT CODE: DEFENSE HOMELAND SECURITY PRODUCT Product Services Announcement
Posts: 32 | From: Kentucky | Registered: Mar 2005
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. I own shares of GXXL and FNRP and I don't believe any of the stuff they say is true.
