This space stays open for SLJB Audited Financials Posted by J_U_ICE on :
UNFY .31
Unify Reports Second Quarter Fiscal 2007 Results Company Achieves Profit from Continuing Operations
SACRAMENTO, Calif.--(BUSINESS WIRE)--Unify Corp. (OTCBB:UNFY) today announced financial results for the three and six month periods ended Oct. 31, 2006. With the Company’s acquisition of Gupta Technologies LLC (“GUPTA”) and the sale of the Insurance Risk Management Division announced Nov. 20, 2006, Unify’s second quarter results reflect the Company’s continuing operations from its development tools and database business and discontinued operations for the Insurance division.
Total revenue in the second quarter of fiscal 2007 was $2.2 million, a decrease of $0.2 million or seven percent from fiscal 2006 revenues of $2.4 million. Net loss from all operations for the second quarter was $187,000 or $0.01 loss per share, compared to net income of $5,000 or $0.00 earnings per share in the same period of fiscal 2006.
For the first six months, total revenues were $3.9 million, a decrease of $0.9 million, or 19 percent from fiscal 2006 six-month revenues of $4.8 million. Year to date net loss from all operations was $941,000 or $0.03 loss per share, compared to a net loss of $107,000 or $0.00 loss per share in the comparable period last year. The Company ended the second quarter with cash and cash equivalents of $1.4 million, compared to $1.9 million at April 30, 2006.
“We are pleased to report that Unify’s tools and database business generated net income from continuing operations of $291,000 for the second quarter and was break even for the six-month period,” said Todd Wille, chief executive officer of Unify. “In fiscal 2006 the tools and database business generated revenues of $10.3 million with net income of $1.4 million. The division has been a consistently profitable segment for Unify, including covering all of the Company’s fixed overhead and public company costs. By acquiring GUPTA and divesting our Insurance division, we have created a go forward business model that will drive significant revenue and earnings growth.”
“We are excited about the opportunities that the combination of Unify and GUPTA creates and optimistic about our business as we head into our seasonally strong third and fourth quarters,” Wille said. “During the remainder of this fiscal year, we expect to finalize our customer, product and people integration, implement our cross selling initiatives, and drive new business for our embedded database, Service-Oriented Architecture (SOA) and web-services development tools, and Lotus Notes migration solutions.”
Conference Call
Unify will hold a conference call to discuss the acquisition and fiscal 2007 second quarter financial results on Thursday, Nov. 30, 2006 at 1:30 Pacific Time. Listeners may dial 888-371-9318 and enter conference ID #8149145. A replay of the conference call will be available until Dec. 14, 2006 by dialing 877-519-4471 and entering the passcode #8149145. The conference call will also be Webcast. Visitors can login at www.unify.com.
About Unify Corporation
Unify’s software development and database solutions deliver a broad set of capabilities for automating business processes, integrating information and delivering collaborative information. Through its industry expertise and market leading technologies, Unify helps organizations drive business optimization, apply governance and increase customer service. Unify is headquartered in Sacramento, Calif., with offices in London, Munich and Paris, and a worldwide network of global distributors and partners. Contact Unify at 916-928-6400 or visit www.unify.com and www.guptaworldwide.com.
Legal Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements" as that term is defined in Section 21E of the Securities Exchange Act of 1934 as amended. Forward looking statements are denoted by words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, and other variations of such words and similar expressions are intended to identify such forward-looking statements. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the Company’s forward looking statements. Such risks and uncertainties include, but are not limited to general economic conditions in the insurance industry, computer and software industries, domestically and worldwide, the Company's ability to keep up with technological innovations in relation to its competitors, product defects or delays, developments in the Company's relationships with its customers, distributors and suppliers, changes in pricing policies of the Company or its competitors, the Company's ability to attract and retain employees in key positions and the risks and uncertainties associated the acquisition and sale of a significant business unit such as integration of systems, combination of sales forces and business culture issues. In addition, Unify's forward looking statements should be considered in the context of other risks and uncertainties discussed in the Company’s SEC filings available for viewing on its web site at "Investor Relations," "SEC filings" or from the SEC at www.sec.gov.
UNIFY CORPORATION CONSOLIDATED BALANCE SHEETS (in thousands, except per share data)
October 31, April 30, 2006 2006 (unaudited) (audited) ASSETS Current assets: Cash and cash equivalents $ 1,357 $ 1,881 Accounts receivable, net 1,469 3,359 Prepaid expenses and other current assets 980 499 Assets held for sale 1,887 1,954 Total current assets 5,693 7,693
Property and equipment, net 200 244 Other investments 214 214 Other assets, net 197 200 Total assets $ 6,304 $ 8,351
LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 385 $ 353 Short-term borrowings and current portion of long-term debt 81 33 Other accrued liabilities 936 713 Accrued compensation and related expenses 478 773 Deferred revenue 1,837 2,880 Liabilities of discontinued operations 1,151 1,284 Total current liabilities 4,868 6,036
Other long-term liabilities 79 80
Commitments and contingencies — —
Stockholders’ equity: Common stock 29 29 Additional paid-in capital 63,996 63,937 Accumulated other comprehensive income 23 19 Accumulated deficit (62,691) (61,750) Total stockholders’ equity 1,357 2,235 Total liabilities and stockholders’ equity $ 6,304 $ 8,351 UNIFY CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data)
Three Months Ended Six Months Ended October 31, October 31, 2006 2005 2006 2005 Revenues: Software licenses $ 785 $ 1,029 $ 1,176 $ 2,060 Services 1,405 1,333 2,748 2,769 Total revenues 2,190 2,362 3,924 4,829
Cost of Revenues: Software licenses 31 121 69 260 Services 256 266 532 573 Total cost of revenues 287 387 601 833 Gross profit 1,903 1,975 3,323 3,996
Operating Expenses: Product development 391 436 767 921 Selling, general and administrative 1,175 1,269 2,449 2,723 Merger expenses (1) 132 0 216 0 Total operating expenses 1,698 1,705 3,432 3,644 Income (loss) from continuing operations 205 270 (109) 352 Other income, net 86 25 109 23 Income from continuing operations before income taxes 291 295 - 375 Provision for income taxes - - - - Net income from continuing operations 291 295 - 375 Loss from discontinued operations, net of taxes (478) (290) (941) (482) Net income (loss) $ (187) $ 5 $ (941) $ (107)
Net income (loss) per share: Basic $ (0.01) $ 0.00 $ (0.03) $ 0.00 Dilutive $ (0.01) $ 0.00 $ (0.03) $ 0.00
Shares used in computing net income (loss) per share: Basic 29,524 28,851 29,524 28,736 Dilutive 29,524 29,218 29,524 28,736
(1) Represents accounting, legal and printing expenses related to the merger with Halo Technology Holdings, Inc., which was terminated on September 13, 2006.
Contacts Unify Corporation Deb Thornton, 916-928-6379 deb*unify.com
Posted by J_U_ICE on :
FDMLQ .41
Popular Wagner(R) ThermoQuiet(R) 'iPad' Promotion Returns with Special 2-Month Offer 11/30/2006
A -- Repair Professionals Can Earn 30GB iPod or $25 iTunes Music Card(R), Chance for Richard Petty Driving Experience Package through Jan. '07
SOUTHFIELD, Mich., Nov 30, 2006 (BUSINESS WIRE) -- The Wagner(R) ThermoQuiet(R) "iPad" promotion is still rockin'. One of the most popular programs ever offered by Federal-Mogul Corporation's Wagner brake products brand, the 'iPad' promotion - which enables automotive repair professionals to earn 30GB iPods or $25 iTunes Music Cards - returns for a special two-month run through Jan. 31, 2007. The original program ended in November 2006.
"There has been a huge response both to this promotion and the exclusive benefits of Wagner ThermoQuiet one-piece brake pads, so it only made sense to continue to offer more great rewards through the holiday season and into '07," said Kevin O'Dowd, aftermarket brand manager, Federal-Mogul.
The new promotion enables participants who install 20 sets or more of Wagner ThermoQuiet brake pads to earn a 30GB iPod or $25 iTunes Music Card. The 30GB iPods will be available to the first 200 program entrants who return a completed program tracking and redemption form. All remaining qualifying entries will earn a $25 iTunes Music Card. (Promotion not affiliated with Apple Computer, Inc.)
In addition to iPods or iTunes cards, each completed program tracking and redemption form received will be entered into a drawing for a free Richard Petty Driving Experience racing school package. The Driving Experience allows individuals to get behind the wheel and learn to race a NASCAR NEXTEL Cup-style stock car.
Wagner ThermoQuiet one-piece brake pads have helped redefine customer expectations in the brake category. This award-winning product - combining superior stopping power, long life and quiet performance - has helped thousands of leading shops eliminate comebacks associated with brake noise, durability and other issues through Federal-Mogul's exclusive IMI(TM) Sound Insulator(TM) technology.
"Thousands of automotive professionals have seen and experienced the Wagner ThermoQuiet advantage and they've leveraged this exciting technology to strengthen their brake business through premium performance and exceptional customer satisfaction and loyalty," O'Dowd said.
For more information and to sign up to participate in the extended Wagner ThermoQuiet promotion, simply contact your Wagner Brake Products supplier, visit www.tqipad.com or call program headquarters toll-free at 1-800-680-4971.
About Federal-Mogul
Federal-Mogul Corporation (OTCBB:FDMLQ) is a leading global supplier, serving the world's foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket. The Company's leading technology and innovation, lean manufacturing expertise, as well as marketing and distribution deliver world-class products, brands and services with quality excellence at a competitive cost. Federal-Mogul is focused on its global profitable growth strategy, creating value and satisfaction for its customers, employees and stakeholders. Federal-Mogul was founded in Detroit in 1899.
The Company is headquartered in Southfield, Michigan, and employs 45,000 people in 35 countries. Federal-Mogul's aftermarket products are sold under a variety of power brands, including but not limited to, AE(R) engine products, ANCO(R) wipers, Champion(R) spark plugs and wipers, Fel-Pro(R) gaskets, Ferodo(R) brake pads, Glyco(R) bearings, Goetze(R) piston rings, Moog(R) chassis products, National(R) wheel-end components, Nural(R) pistons, Payen(R) gaskets, Sealed Power(R) engine products and Wagner(R) lighting and brake products.
Note to Editors: There should be an umlaut over the "u" in "Nural" above.
SOURCE: Federal-Mogul Corporation
Federal-Mogul Corporation Kevin O'Dowd, 248-354-8327 or Paula Silver, 248-354-4530
Copyright Business Wire 2006
Posted by J_U_ICE on :
AVLN .14
Avalon Prepares for Large-Scale Drill Program 11/30/2006
BELLINGHAM, WA, Nov 30, 2006 (MARKET WIRE via COMTEX News Network) -- Avalon Energy Corporation (OTCBB: AVLN) reports that in late October 2006, in preparation for its drilling program, the Company's representatives including Don Reese (Well Planner), Greg Wood (Seismic Coordinator), and Shane Campbell (Roadwork Contractor) met with Forest Service representatives from Ashley National Forest and Uinta National Forest at the Shotgun Draw Prospect in Utah.
The purpose of the meeting was to assess the access roads that will be used in completing the drilling program and to determine the cost of any improvements that may be necessary. The objective was to obtain approval from the Forest Service to improve and build the access road without incurring the additional costs of surveying and engineering work. Verbal approval was granted from the Forest Service personnel; however, engineering work may still be required.
/s/ Robert Klein Robert Klein, President
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that 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 in testing and evaluation of products and other risks detailed from time to time in Avalon's filings with the Securities & Exchange Commission.
For further information contact: 1-888-488-6882 Visit our website at www.avalonenergy.ws
Copyright 2006 Market Wire, All rights reserved.
Posted by J_U_ICE on :
APDN .09
Applied DNA Sciences to Present 'Combating CD/DVD Piracy' at the IRMA Conference in New York City 11/30/2006
STONY BROOK, N.Y., Nov 30, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Applied DNA Sciences, Inc. (OTC Bulletin Board: APDN), a DNA security solutions company, today announced that Dr. James A. Hayward, our Chief Executive Officer, will deliver a presentation at the International Recording Media Association (IRMA) conference, which takes place on December 4-5, 2006 at the Marriott New York East Side in New York City.
Dr. Hayward will be making a presentation entitled "Combating CD/DVD Piracy with SigNature(TM) DNA" which will focus on how APDN's SigNature(TM) Program can help deter audio, video, software and data CD and DVD piracy and counterfeiting. APDN's SigNature(TM) Program can be embedded on CDs, DVDs and packaging both overtly and covertly and can be authenticated several different ways. This technology can be used by studios to protect their intellectual property and brand and then applied by the replicators and packagers. The application of the Signature(TM) DNA Markers causes little or no impact to production flows and there is no need for retooling. We believe the SigNature(TM) platform is secure and accurate, provides a cost-effective way to recover sales lost to piracy and counterfeiting and offers a strong return on investment. To date, this technology has been used in Asia to help secure nearly one billion consumer products, including CDs and DVDs.
Regarding the upcoming conference, Dr. Hayward said, "I welcome this opportunity to introduce the potential power of our technology as both a way to deter counterfeiting and piracy and to help capture sales revenue lost to counterfeit products. Further, I look forward to the opportunity to discuss how our Signature(TM) DNA Program offers a forensic solution for those seeking to interdict counterfeit products and take legal action against counterfeiters."
The U.S. Chamber of Commerce reported in 2006 that counterfeiting and piracy cost the U.S. economy between $200 - $250 billion per year. The digital and recording media industry has long been a victim of piracy or the production of illegal copies of genuine media or software and the counterfeiting and distribution of imitation media or software. Counterfeit compact discs, DVDs, videotapes, computer software and other digital and recording media are sold at a substantial discount to consumers, resulting in substantial revenue losses for the industry. These revenue losses have been estimated to be $15 billion annually.
About Applied DNA Sciences, Inc.
Applied DNA Sciences, Inc. (APDN) provides botanical DNA encryption, embedment and authentication solutions that can help protect companies, governments and consumers from counterfeiting, fraud, piracy, product diversion, identity theft and unauthorized intrusion into physical locations and databases. Our common stock is registered under Section 12(g) of the Securities Exchange Act of 1934 and is listed on the Over-The-Counter Bulletin Board under the symbol "APDN." Contact: Debbie Bailey, Applied DNA Sciences, Inc., 25 Health Sciences Drive, Stony Brook, New York 11790; Tel: 631-444-8090; Fax: 631-444-8848 http://www.ADNAS.com.
The statements made by Applied DNA Sciences, Inc. may be forward-looking in nature and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe the Company's future plans, projections, strategies and expectations, and are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of Applied DNA Sciences, Inc. Actual results could differ materially from those projected due to changes in interest rates, market competition, changes in the local and national economies, and various other factors detailed from time to time in Applied DNA Sciences' SEC reports and filings, including our Annual Report on Form 10-KSB, filed on January 12, 2006, our subsequent Quarterly Reports on Form 10-QSB, and our Current Reports on Form 8-K. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
Copyright (C) 2006 PR Newswire. All rights reserved
Posted by BooDog on :
quote:Originally posted by J_U_ICE: This space stays open for SLJB Audited Financials
MMMMUUUUUUUAAAAAAHAHAHAHAHA
thanks for all your efforts with the PRs Cheers M8
Posted by hurricanematt on :
Hey Juice, I have not been on in a while, and am well aware that this is above .10 But I think this will be a great bounce play (good for 15-40% profit)next week,(or so) just keep an eye on it. I would try to get in next week when it dips but before the (GOOD) news on Dec 14. Dec. 14 or 15 this will proubly run HALF what it did today. Not pumping by any means, Just like to see people in the GREEN!
Xenonics Announces Fourth Quarter 2006 and 2007 Outlook 9:00a ET November 30, 2006 (PR NewsWire)
XENONICS HOLDINGS, INC. (Amex: XNN) will file its 4Q06 and year end (September 30, 2006) results on December 14, 2006. The Company will have a conference call to discuss year end results and 2007 expectations on December 14. Xenonics will report a significant increase in 4Q06 revenue compared to 4Q05, as well as a substantial profit for the quarter. The Company expects that this trend will continue with increased revenue and profits for the year 2007.
The marketing roll out of SuperVision(TM) is well underway, with manufacturing scheduled for January 2007. The Company expects SuperVision(TM) to have a major impact on its revenue and profit in 2007. The allowance for patent protection previously announced will place SuperVision(TM) in a unique market position. At the same time, military programs for NightHunter illumination systems which have been discussed are now becoming a reality.
"We are in a rapid growth mode and expect to return significant shareholder value. The recent stock price decline cannot be explained. In my opinion, the current stock price does not reflect the Company's performance and potential," said Alan Magerman, Chairman of the Board.
About Xenonics
Xenonics develops and produces advanced, lightweight and compact ultra high intensity illumination and low light viewing products for military, law enforcement, public safety, and commercial and private sector applications. Currently, NightHunter(R) products are in use by every branch of the U.S. Armed Forces as well as a wide variety of law enforcement and security agencies. Using its breakthrough patented technologies, Xenonics provides innovative solutions for customers that demand the ability to see farther so that they can do their job better and safer. Xenonics' products deliver a quantum leap in performance over other illumination and low light viewing technologies and represent the next generation in small, high intensity, high efficiency illumination and low light viewing systems. Visit Xenonics on the web at www.xenonics.com.
Forward-Looking Statements
This news release contains forward-looking statements that reflect our management's current views about future events and financial performance. Forward-looking statements often contain words such as "expects," "anticipates," "intends," "believes" or "will." Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, the adverse effect of competition, delays in the production or shipment of our products and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-KSB and quarterly report on Form 10-QSB. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
Posted by J_U_ICE on :
WOW Thanks for the heads up. Putting on my watchlist
quote:Originally posted by hurricanematt: Hey Juice, I have not been on in a while, and am well aware that this is above .10 But I think this will be a great bounce play (good for 15-40% profit)next week,(or so) just keep an eye on it. I would try to get in next week when it dips but before the (GOOD) news on Dec 14. Dec. 14 or 15 this will proubly run HALF what it did today. Not pumping by any means, Just like to see people in the GREEN!
Xenonics Announces Fourth Quarter 2006 and 2007 Outlook 9:00a ET November 30, 2006 (PR NewsWire)
XENONICS HOLDINGS, INC. (Amex: XNN) will file its 4Q06 and year end (September 30, 2006) results on December 14, 2006. The Company will have a conference call to discuss year end results and 2007 expectations on December 14. Xenonics will report a significant increase in 4Q06 revenue compared to 4Q05, as well as a substantial profit for the quarter. The Company expects that this trend will continue with increased revenue and profits for the year 2007.
The marketing roll out of SuperVision(TM) is well underway, with manufacturing scheduled for January 2007. The Company expects SuperVision(TM) to have a major impact on its revenue and profit in 2007. The allowance for patent protection previously announced will place SuperVision(TM) in a unique market position. At the same time, military programs for NightHunter illumination systems which have been discussed are now becoming a reality.
"We are in a rapid growth mode and expect to return significant shareholder value. The recent stock price decline cannot be explained. In my opinion, the current stock price does not reflect the Company's performance and potential," said Alan Magerman, Chairman of the Board.
About Xenonics
Xenonics develops and produces advanced, lightweight and compact ultra high intensity illumination and low light viewing products for military, law enforcement, public safety, and commercial and private sector applications. Currently, NightHunter(R) products are in use by every branch of the U.S. Armed Forces as well as a wide variety of law enforcement and security agencies. Using its breakthrough patented technologies, Xenonics provides innovative solutions for customers that demand the ability to see farther so that they can do their job better and safer. Xenonics' products deliver a quantum leap in performance over other illumination and low light viewing technologies and represent the next generation in small, high intensity, high efficiency illumination and low light viewing systems. Visit Xenonics on the web at www.xenonics.com.
Forward-Looking Statements
This news release contains forward-looking statements that reflect our management's current views about future events and financial performance. Forward-looking statements often contain words such as "expects," "anticipates," "intends," "believes" or "will." Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, the adverse effect of competition, delays in the production or shipment of our products and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-KSB and quarterly report on Form 10-QSB. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
Posted by J_U_ICE on :
RTRO .019
November 30, 2006 10:12 PM Eastern Time
Lawsuit Filed against Retrospettiva, Inc. LOS ANGELES--(BUSINESS WIRE)--On October 11, 2006, Pelican Cove Investments, Inc., a Minnesota corporation, filed a complaint against Retrospettiva, Inc. (OTCBB:RTRO), a California corporation. In an apparent attempt to take control of the corporation, Pelican Cove Investments, Inc. is seeking: (1) appointment of a receiver; (2) declaratory relief for revivor and appointment of a board of directors; (3) an accounting; and (4) inspection of books and records. The matter is currently pending in the Superior Court of California for the County of Los Angeles. Pelican Cove Investments, Inc. is purportedly a shareholder in Retrospettiva, Inc.
Retrospettiva believes that these claims are without merit and intends to vigorously defend itself.
About Retrospettiva, Inc.
Retrospettiva, Inc. was based in Los Angeles, California, with manufacturing facilities in Macedonia. The corporation focused primarily on the manufacture of textiles such as women’s clothing, sportswear, and other similar items. Retrospettiva’s manufacturing facilities were destroyed in 2001 due to bombing that occurred during the conflict in the Balkans. The corporation has been inactive since May 2002 and was suspended by the California Secretary of State in August 2004 for failing to satisfy Franchise Tax Board obligations.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding the corporation’s belief that Pelican Cove Investments’ claims are without merit and Retrospettiva's intent to vigorously defend itself. Because litigation is inherently uncertain, Retrospettiva cannot predict the outcome of its litigation with Pelican Cove Investments. Actual results may differ materially from those described in or implied by any forward-looking statement. All forward-looking statements speak only as of the date made, and we undertake no obligation to update these forward-looking statements.
Contacts Loeb & Loeb LLP Michael Mallow, 310-282-2287
Posted by Superbee383 on :
Not really a PR, but I saw this on another board. Also not sure if it's a hoax or not, but I thought I'd post it anyway:
U.S. warns of possible Qaeda financial cyber attack By Kristin Roberts 39 minutes ago
The U.S. government warned American private financial services on Thursday of an al Qaeda call for a cyber attack against online stock trading and banking Web sites beginning on Friday, a source said.
The source, a person familiar with the warning, said the Islamic militant group aimed to penetrate and destroy the databases of the U.S. financial sites.
The Department of Homeland Security confirmed an alert had been distributed but said there was no reason to believe the threat was credible.
The U.S. Computer Emergency Readiness Team issued a "situational awareness report to industry stakeholders," said Homeland Security spokesman Russ Knocke.
The warning said the threat called for attacks to begin Friday and run through the month of December in retaliation for the United States keeping terrorism suspects at the Guantanamo Bay naval base in Cuba.
"Denial of service is what it called for," said a Homeland Security official who spoke on condition of anonymity.
A person familiar with the warning said the threat came from a group calling itself "ANHIAR al-Dollar." The effort was related to al Qaeda and intended to avenge "Muslim brothers in the crusaders' Guantanamo prison camp," the source said.
Reaction in the financial community was muted, with markets showing little or no reaction.
New York Republican Rep. Peter King (news, bio, voting record), chairman of the House of Representatives Committee on Homeland Security, said the report was "nothing to panic over, but it will be looked at very carefully."
Robert Albertson, chief investment strategist at Sandler O'Neill & Partners in New York, said it was unlikely al Qaeda members could do serious harm to financial Web sites.
"I'm not saying there aren't precautions to be taken, but I just can't fathom how there would be serious havoc," he added.
Brian Jenkins, a terrorism expert with the RAND Corp., said that such threats were not unusual.
"There is a regular stream of Jihadist exhortations to attack various targets," he said. "Financial organizations stay at a fairly high level of readiness anyway because of regular assaults."
A government source said regulators were being briefed on the warning.
(Additional reporting by David Morgan, Paul Eckert and Jim Christie in San Francisco)
Posted by J_U_ICE on :
IBCX .009
November 30, 2006 11:00 PM Eastern Time Rosswood Country Club Board Unanimously Agrees to Sell the Historic Property to New York Based IBAC Corporation NEW YORK--(BUSINESS WIRE)--IBAC Corporation (PINK SHEETS: IBCX) a Hospitality/Resort Holding Company reported that tonight the Board of Rosswood Country Club in Pine Bluff, Arkansas unanimously agreed to sell the historic property to IBAC Corporation. The Property will be a 100% owned subsidiary of IBAC Corporation
The country club & golf course a 72 par/6,908 yards was commissioned by International Paper and built and designed by the world renowned golf course designer Alfred H. Tull and opened in 1961, and includes tennis courts, pool, banquet space, restaurant, bar, pro shop with a resident pro. The property encompasses approximately 200 prime acres. For further information visit: http://www.southcentralgolf.com/Pages/Templates/ ArkPrivDetail.php?recordID=Rosswood%20Country%20Club (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
The company intents to utilize the country club as an added amenity to the hotel it owns The Royal Arkansas Hotel & Suites in Pine Bluff, Arkansas, The company also intends to incorporate/build a number of tasteful high end single family homes and/or condos on the property abutting the golf course while not compromising the courses history or design, thus creating additional profits from the acquisition while defraying the acquisition cost. The company also intends to maintain the current members of the board on an advisory basis; it is the intent of the company to increase membership back to the level that this property has once enjoyed, with the prestige and level of service equal to or beyond its history.
"We are very excited with the Rosswood Country Club Boards approval of this acquisition as it opens a whole new stream of revenue and adds another significant real estate owned property to our portfolio, the number of profit centers involved with this property are extremely exciting, membership fees, wedding receptions, liquor and food sales, catering etc. The company will never compromise the integrity of this world class property, it is only our intent to restore and enhance its position in history. We expect to close and take possession of the property by year’s end." said Wayne Burmaster, President IBAC Corporation.
“We are totally committed to the city of Pine Bluff and the community and we will continue to invest in quality properties in Arkansas” added Wayne Burmaster President IBAC Corporation
IBAC Corporation is a New York-based holding company operating through its subsidiaries within the Resort, Hotel, Food Service & Restaurant industries. IBAC now has operations in Florida, Tennessee & Arkansas. For more information, please visit: www.ibaccorp.com.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "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, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.
Contacts IBAC Corporation Investor Relations, 718-891-8188 Fax: 775-320-5437 Investorrelations*ibaccorp.com www.ibaccorp.com Posted by J_U_ICE on :
SCTN .075
November 30, 2006 06:49 PM Eastern Time Loyalty Access Solutions to Deploy SCTN (OTC) Loyalty Software Down to Merchant Partners TORONTO & LAS VEGAS--(BUSINESS WIRE)--Smart Chip Technologies (OTC: SCTN), the leading provider of end-to-end loyalty solutions with Phoenix Technology Holdings Inc. is pleased to announce that through its strategic relationship with Loyalty Access Solutions, it will be deploying the SCTN Loyalty System to several of its clients starting in early 2007.
“Our organization has been looking for a technology to enhance our existing infrastructure, powerful and flexible enough to satisfy the complex demands of our very diverse client base. This system is unparalleled in its power and simplicity. Together with the support services that are being provided by Phoenix make the deployment of the technology effortless,” said Claude Jeanson, President of Loyalty Access Solutions.
Jim McClocklin, Director of Operations, says, “The ability of the software to support our already diverse loyalty initiatives makes the impact to our clients' marketing initiatives significant. Using what we have coined a 'Lift' Card, which is a gift card converted into a points card, dynamically at the point-of-sale, really drives the ROI of our clients’ programs. We can now tailor complex programs specifically to each merchant location.”
About Loyalty Access Solutions Corporation
Loyalty Access Solutions provides state-of-the-art Loyalty, Gift Card and Pre-Paid Debit/Credit Card solutions across a variety of industries, including retail, hospitality, financial services, non-profit, telecommunications, automotive and various others. Loyalty Access Solutions enables clients to achieve the maximum lifetime value of their best customers by providing the ability to customize offerings. With unlimited versatility to instantly administer and manage loyalty programs, Loyalty Access Solutions clients are able to quickly respond and adapt to changes in the marketplace. (www.loyaltyaccesssolutions.com)
About Phoenix Technology Holdings Inc.
Phoenix Technology Holdings Inc. provides hosting, development, sales, client implementation, and system support for financial services and other industry products, allowing clients to globally deploy sophisticated solutions easily and quickly. (www.phoenix-tec.com)
About Smart Chip Technologies (OTC: SCTN)
Smart Chip Technologies' turnkey customer retention solutions, including Loyalty, Pre-Paid Stored Value, Punch Cards, and Gift Cards, enable issuers, acquirers, and merchants to take advantage of real-time programs using their cardholder's existing cards using bar codes, magnetic stripes, smart chips, RFID, Internet accounts, and other consumer electronic devices. The SCTN system is a scalable, high performance, end-to-end solution that uses an ASP model to customize the system's look and feel to reinforce customer branding. (www.sctn.com)
Disclaimer: Any statements contained in this document that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties.
Contacts Smart Chip Technologies, LLC Bernard McHale, 702-361-3624
Posted by J_U_ICE on :
FLMP .22
November 30, 2006 06:15 PM Eastern Time First Responses to Flame Seal’s New OEM Focus Results in $750,000 Sales Commitments Achieving BEP. From the President: ''…The next customer commitment will result in profitability…'' HOUSTON--(BUSINESS WIRE)--Flame Seal Products, Inc.:
CURRENT NEWS ITEM
As outlined by its President in a recent interview at the American Stock Exchange, Flame Seal’s new focus on OEM accounts, for more predictable, repeat-order business, with higher growth potential, has begun to mature into repeat-order sales as planned. Flame Seal has been working closely with 25 companies toward this end, and the first to complete testing & negotiations began delivering forecasts a few weeks ago, quickly followed by sales commitments and agreements. As of this date, a few of these accounts are now beyond this stage and have begun purchasing. The commitments and agreements from these clients places Flame Seal at its BEP (Break Even Point = $700,000), a financial milestone that officially shifts Flame Seal out of its R&D stage, into Marketing and Sales.
A statement from Michael Kiser, Flame Seal’s President: “We are very proud of the fact that we have developed products and processes that are not only the top performers in this industry (as evidenced by our status as a Boeing Qualified Supplier) but that are very efficient to produce, with regard to both equipment and manpower. Thus, we have a very low BEP, which is why we can state that… The next customer commitment will result in profitability, regardless of its size. We are just as proud of our superior staging and planning for the business that is now beginning to mature into sales, in that we have the equipment and manpower already in place to supply over $10,000,000 / year in product sales. We have planned and prepared a long time for this, and we are ready. To further a point from the November 1st interview, we have received more verifications from clients that the 'drop dead' date in several industries for these new fire regulations, is September, 2007. This is why we had to be ready. It also demonstrates that our planning could not have been more timely.
“Having secured the smaller accounts, we are now focused on current negotiations with several OEM accounts in the $300,000 - $2Million range. Look for news releases as these sales agreements are finalized.
“I know many stockholders have watched and waited patiently as this business has taken a long time to develop, but to prepare for something of this magnitude, to prepare for all foreseeable possibilities, and to lay the proper foundation that can sustain success, often requires a painful amount of time and effort. Our shareholders (our “partners”) are appreciated for their patience and vision. It is my firm belief that the wait is over, and the next few months will show that, in reality, the Flame Seal story has only just begun…”
BACKGROUND:
FLAME SEAL PRODUCTS, INC. (FLMP) became a public company and began trading March 27, 2000 on the OTC (Non-BB “Pink Sheets”) stock market. Flame Seal Products, Inc. is the Transfer Agent of record.
Contacts Flame Seal Products, Inc., Houston Michael D. Kiser, 713-668-4291 flameseal*flameseal.com www.flameseal.com Posted by J_U_ICE on :
MODC (.04) Issues Stockholder and Operations Update and Announces Planned Stock Dividend
PrimeZone "PrimeZone "
OXFORD, Miss., Dec. 1, 2006 (PRIME NEWSWIRE) -- Modern Technology Corp (Pink Sheets:MODC), a diversified technology development and acquisition company, released today a stockholder and operations update and its plans to declare a stock dividend.
Dividends:
We intend to declare a stock dividend within the next week. We will disclose details of the stock dividend related to our planned spin-off of our subsidiary, Inmarketing Group, in a Form 8-K filing with the SEC and a Press Release.
In 2004, the company paid a $383,697 cash dividend.
The company has paid stock dividends in addition to cash dividends. In October of 2001, we distributed a stock dividend of 403,000 shares in our portfolio company, Scientio, as part of a spin-off transaction. As of June 30, 1999, we distributed a stock dividend of 403,000 shares in our portfolio company, Coral Development Corp., as part of a spin-off transaction.
We intend to continue paying dividends as appropriate and as part of our anticipated subsidiary spin-off strategy. As we mature and grow our portfolio companies, it is only natural that a public spin-off transaction be considered. Each stockholder in MODC would receive stock in the new public spin-off company in addition to stock they already own in MODC. Our long-term plan is for stockholders to realize strong capital appreciation from their MODC stock as well as the appreciation of stock in the spin-off transactions.
Quarterly Results:
During the three months ending September 30, 2006, we generated revenues of $3,085,878 versus $1,311,779 for the three months ended September 30, 2005, an increase of 235%. We also reported assets of $4,774,355. For complete details, please visit the SEC's website at www.sec.gov.
Anthony Welch, Chairman, said: "As promised, we will be declaring stock dividend. Details of this will be released next week and a dividend date set and disclosed in the appropriate regulatory filings. Concurrently with this stock dividend and spin off transaction, we will be launching Insight Medical Group into the cancer diagnostics market. Insight's website and related materials will be released to the public as part of this launch. The marketing team, laboratory set up, and system set up are all well underway.
"We feel our revenue results to date will pale in comparison to our revenue resulting from the AnuCyte system. The AnuCyte system will be patented internationally as soon as practicable to protect long term stockholder interest. Insight's cancer detection system is without any doubt or hesitation in stating, the single most accurate cancer detection technology in the world. Using a tissue sample it can detect any type of cancer. No other diagnostic system can even remotely approach this capability or accuracy.
"We stand ready to defend this claim with direct testing comparisons of all existing approaches to cancer diagnostics. The implications of this fact are staggering and we have little doubt AnuCyte will quickly become the de facto 'gold' standard for cancer diagnostics. We have a lot of exciting things to report regarding AnuCyte and Insight Medical. We will be releasing regular stockholder updates on this incredible new business unit."
More about the cancer diagnostic marketplace:
Prostate Cancer Diagnosis
Prostate tumors with an intermediate histological grade, which represent the majority of prostate tumors, cannot be reliably determined by current clinical laboratory methods. The AnuCyte system can rapidly and accurately test for prostate cancer. The system's test results provide the only clinically useful prognostic information for patients with these intermediate grade tumors.
There are approximately 2 million men living with prostate cancer in the U.S., with a growth rate of about 200,000 new cases per year. Based on these figures, the company projects prostate cancer diagnostics revenues of $12 million the first year for the market and over $50 million by the end of the third year.
Cervical cancer diagnosis
Currently, cervical cancer represents a larger market than prostate cancer with 55 million Pap smears collected in the U.S. annually. The company's entry into this market space will be the competition free market of 2-5 million (and rising) "ASCUS" (indeterminate) Pap smears generated annually.
The AnuCyte system is the only system in the world that measures aneuploidy in cervical smears. This measurement is an independent predictor of biological outcome and will sort out the non-cancerous cells, precancerous cells, and cancerous cells in the ASCUS slide's cell population. There is no method at present in clinical laboratories for deciding the status of an ASCUS slide. The AnuCyte system can quickly deliver comprehensive and accurate results for any ASCUS slide. This puts the ASCUS market in the USA at $200-$500 million annually. The company projects cervical cancer diagnostics revenues of $16 million the first year for the market and $50 million by the end of the third year.
Overall Cancer Diagnostic Marketplace
The worldwide market potential is unquantifiable. The 'AnuCyte Cancer Detection System' is not limited to the cancers mentioned above. The system functions for any slide preparation and delivers rapid and accurate results in all suspected cancerous samples. It must be noted that our predictions only cover the USA market. The international market is much larger and will be part of the company's initial marketing efforts alongside the USA.
About the AnuCyte Cancer Detection System
AnuCyte is the only system in the world that can detect all cancers by analyzing the single trait common to all forms of cancer. This trait is not found in any healthy cell. The system rapidly and accurately identifies cancer at any stage in its development and also identifies healthy cancer-free cells in the same test. The system is unique in the world and can be applied to any form of cell sample suspected of cancer and return a reliable test result within minutes. The system completely eliminates heretofore unreliable, subjective, and error-prone pathology diagnosis of cancer and delivers an automated and completely objective measurement of the presence or absence of cancer with the highest accuracy rate of any diagnostic technology in the world. The AnuCyte system is the first and only system in the world that can accurately detect and assess the chromosomal imbalance of cancer in any tissue sample. This ability allows the system to quickly and accurately identify both cancerous and non-cancerous cells.
The inventor of the AnuCyte system, Dr. David Rasnick, PhD and his scientific research collaborator, Dr. Peter Duesberg, PhD, have been prominent names internationally for many years for their research and publications. Investors may wish to read a recent article in Newsweek concerning the cancer research of Dr. Duesberg:
Insight Medical Group is a specialized biosciences development company whose mission is to bring world-changing medical technology and research to market in the areas of cancer and AIDS. The AnuCyte Cancer Detection System was invented by Dr. David Rasnick, PhD. The technology behind AnuCyte and the chromosomal imbalance theory is the result of 45 years of combined cancer research by Dr. David Rasnick, PhD and Dr. Peter Duesberg, PhD, who continues his studies on cancer research at the University of California, Berkeley.
About Modern Technology Corp
Modern Technology Corp, a diversified technology development and acquisition company, builds revenues through continuous growth, strategic acquisitions, and commercialization of nascent technology. MODC improves operating efficiencies through the elimination of cost redundancies and realized synergy between subsidiaries. MODC is a fully-reporting public company with the US Securities and Exchange Commission. For more information on the company's SEC filings, visit www.sec.gov. The company's web address is: http://www.moderntechnologycorp.com
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
CONTACT: Modern Technology Corp Investor Relations: Anthony Welch (601) 213 3629 ir*moderntechnologycorp.com
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Thanks for the heads up. Putting on my watchlist