posted
MHUS formally CTXI may have finally hit rock bottom. Traded down the last few days to previous lows. Any thoughts at this point. Looking very interesting in my opinion.
Posts: 262 | Registered: Jun 2005
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posted
waiting for follow-up news on the microcar sales to the U.N. Which will be the first news out under this new symbol MHUS
Dated: 9 Jan 2007 Announces That MicroCars, Ltd. Has Received Order From United Nations For 30 Minivans
Business Wire "US Press Releases "
SAN DIEGO--(BUSINESS WIRE)--
MicroHoldings US, Inc. (Pink Sheets:CTXI) today announced that MicroCars, Ltd., has received a purchase order from the United Nations Development Programme in Sri Lanka for 30 MicroCar Minivans. The MicroCars mininvans generally retail for about $10,000 US; however, terms of this sale were not disclosed. MicroHoldings recently acquired a 40% equity stake in MicroCars, Ltd. and holds the international license for MicroCars vehicle and plant sales.
Stated Jeffrey Flannery, CEO of MicroHoldings US, Inc., "This order, from the local office of an international organization with the size and stature of the UN, is strong validation of the value that MicroCars has developed in its line of vehicles. We also believe this demonstrates that MicroCars can compete on an international level from the critical standpoints of production, quality, cost and service."
Established in 1995, MicroCars, Ltd. is the only automobile manufacturer in Sri Lanka, featuring a line that includes a sedan, a coupe, a minivan and a four wheel drive pickup truck. The Micro Cars facility is labor intensive, unlike U.S. and Western plants that rely on expensive automation and robots. The system was designed for countries such as Sri Lanka that have low labor rates but a need for high quality, inexpensive vehicles.
Investors are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of CTXI, are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects" and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future CTXI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and CTXI has no specific intention to update these statements.
Posts: 75 | From: Hampton | Registered: Sep 2006
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quote:Originally posted by Steam_Ahead: they must have sold another Van -- :-)
Might be true. I would much rather have a pinki which sells products rather than those who are in the share producing business aka dilution !!!
Posts: 1134 | Registered: Apr 2003
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The volume seems to be slowing a bit, it would be nice to see news today but I more expected it in the morning. I think ill stick around and see what Monday brings
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
Setting up for the same run it made in October. (chart looks almost identical). Question is will the *#%-damn MM's leave it alone this time.
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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