in no way by this posting am I telling you to buy.
I am only suggesting that by looking at the chart this could continue to slowly climb and make some money for those who will hold a little while.
-------------------- We all live in a yellow submarine, a yellow submarine, a yellow submarine. We all live to make some money from stocks, make some money, make some money. LOL LOL LOL Posts: 370 | From: carson, ca. U.S.A. | Registered: May 2004
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I bought this in sept. 04 and got in on the free stock! your right this is a quite one i dident see any outher posts on this one.Good luck on the new year!!!KNOXVILLE, Tenn., Nov. 17 /PRNewswire-FirstCall/ -- Celerity Systems, Inc. (OTC Bulletin Board: CESY - News), a business development company focused on providing capital formation, management advice and investments in developing companies, announced today its financial results for the third quarter ended September 30, 2004. For the nine-month period ended September 30, 2004, the Company received $955,000 in proceeds from its investment in Yorkville Advisors Management, LLC, which has been recorded as dividend income in the statement of operations. Since December 1, 2003, the Company has received a total of $1,020,000 in proceeds from its portfolio companies. For the three-months ended September 30, 2004, Celerity reported operating income of $70,175 compared to an operating loss of $(107,644) for the three months ended September 30, 2003. Celerity reported a net loss of $68,632, or $0.00 per share, for the three months ended September 30, 2004 compared to a net loss of $432,507, or $0.00 per share, for the three months ended September 30, 2003. In October 13, 2004, the Company's Board of Directors approved a plan to buyback up to 500 million shares of Celerity common stock on the open market over the next 12 months. Celerity President and CEO Robert Legnosky stated, "Year-to-date we have entered into two significant business development agreements. In the third quarter, we acquired an equity position in Getting Ready Corp., a start-up that is focused on creating U.S. superstores for pre- and post-pregnancy women. All shareholders on record as of October 20, 2004 are expected to receive one share of free-trading Getting Ready stock for approximately every 1,192 shares of Celerity stock that they own based on the existing shares outstanding. During the current quarter, we acquired a 5% ownership in Sagamore Holdings, Inc. Through a wholly owned subsidiary, Sagamore gives us an equity position in the electronic manufacturing services industry. In the future, we expect to continue to make other investments in growth-oriented businesses that could represent increased value for our shareholders." Legnosky concluded, "We have generated positive operating income for the third consecutive quarter, and expect continued top-line growth through our existing investments in our portfolio companies. We are on track to generate total revenues of $1.2 million or more at year-end 2004." Additional details on third quarter financial results can be found on the Company's Form 10-Q available at http://www.sec.gov.Posts: 4 | From: California | Registered: Jan 2005
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