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nice day today, should be interesting tom. MM's loaded up big today. Should gap up in the morning imo
Posts: 4071 | Registered: Dec 2005
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No there was AHI now it is ACKH on otcbb.This stock was $50 in 1999.Check ihttp://finance.yahoo.com/q/hp?s=ACKH.OB&a=06&b=19&c=1984&d=01&e=28&f=1999&g=dt out
Posts: 443 | From: st.louis | Registered: Dec 2003
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stocktrader22 did you read news AWI and ACKH are two companies. Armstrong Holdings, Inc. and Armstrong World Industries, Inc. Announce Settlement Monday February 26, 4:00 pm ET
LANCASTER, Pa., Feb. 26 /PRNewswire-FirstCall/ -- Armstrong Holdings, Inc. ("AHI," OTC Bulletin Board: ACKH.OB) and its former subsidiary, Armstrong World Industries, Inc. (NYSE: AWI - News), have reached a settlement on all inter- company claim and tax issues. Assuming the settlement is approved by the court as discussed below, the settlement calls for AWI to pay AHI $20 million in cash, and gives AHI an allowed claim under AWI's confirmed Plan of Reorganization of $8.5 million (the AHI Claim). The settlement gives AWI the right to make all relevant tax elections and file all required tax returns on behalf of the Armstrong group of companies for all relevant tax periods during which the two companies were affiliated, and to receive and retain all related tax refunds. AHI would recover on the AHI Claim on the same basis as other unsecured creditors of AWI under the AWI Plan of Reorganization. The initial distribution in satisfaction of the $8.5 million AHI Claim would consist of approximately $2 million in cash plus approximately 98,690 shares of reorganized AWI.
The settlement is being submitted for approval by the U.S. Bankruptcy Court in Wilmington, Del., that presided over AWI's Chapter 11 case. Shareholders of AHI will be mailed a notice of the hearing, which is scheduled for April 2, 2007.
Forward-Looking Statement This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Such statements provide expectations or forecasts of future events. Results could differ materially due to known and unknown risks and uncertainties including whether the court approves or changes the settlement, and other factors disclosed in recent reports on Forms 10-K, 10-Q and 8-K filed with the SEC. We undertake no obligation to update any forward-looking statement.
Posts: 443 | From: st.louis | Registered: Dec 2003
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********.com: ********.com Stocks to Watch for Wednesday, February 28th, EVSA, ACKH, CNDI, HCPC, INRA, DCBI
M2 Communications via COMTEX
Feb 28, 2007 4:16:36 AM
Feb 28, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Our Stocks to Watch for tomorrow include Envirosafe Corp (OTC: EVSA), Armstrong Holdings Inc (OTCBB: ACKH), Coronado Industries Inc (OTCBB: CNDI), Heritage Capital Credit Corp (OTC: HCPC), Innova Robotics and Automation Inc. (OTCBB: INRA), DC Brands International (OTC: DCBI)
Visit http://www.********.com to register for our Daily Market Mover's Digest Newsletter, and Email Stock Watch Alerts
Envirosafe Corporation manufactures environmentally friendly cleaning solutions. The Company's products range from glass cleaner to grease waste digesters. Envirosafe is a leading producer of environmentally safe (green) products that are non-toxic, water based, biodegradable and do not contain butyls, isopropanol, acids, odorants or dyes.
EVSA News:
February 27th - Envirosafe Corporation Files to Uplist to NASDAQ Bulletin Board
Envirosafe Corporation (PINKSHEETS: EVSA) announced Tuesday that the Company has completed and submitted its Form 10-SB12G to begin uplisting to the NASDAQ Bulletin Board.
Envirosafe Corporation previously announced they have hired an independent registered public accounting firm to audit the Company's financial statements. Ms. Traci Anderson recently completed the audited balance sheet for Envirosafe for the year ending December 31, 2005, as well as the related statements of income, stockholders' equity and comprehensive income, and cash flows for the years ended December 31, 2005 and 2004.
"This is truly an exciting time for Envirosafe Corporation and its shareholders. We look forward to being a fully reporting company and moving up to the NASDAQ Bulletin Board," stated Bryan Kuskie, CEO and President of Envirosafe Corporation.
ARMSTRONG HOLDINGS INC (OTCBB: ACKH) "Up 85% on Tuesday"
Armstrong Holdings, Inc. (AHI) is the holding company for Armstrong World Industries (AWI) and its Armstrong Floor Products unit. AWI makes flooring products and acoustical ceilings and suspended-ceiling systems for finishing and refurbishing commercial, industrial, and residential structures. Flooring products include hardwood flooring, linoleum, carpet, and sports surfaces. AWI subsidiary DLW Aktiengesellschaft also make kitchen and bathroom cabinets. AWI markets its products globally to dealers, home-center chains, and contractors; the Americas generate nearly 75% of sales.
ACKH News:
February 26th - Armstrong Holdings, Inc. and Armstrong World Industries, Inc. Announce Settlement
Armstrong Holdings, Inc. ('AHI,' OTC Bulletin Board: ACKH.OB) and its former subsidiary, Armstrong World Industries, Inc. (NYSE: AWI), have reached a settlement on all inter- company claim and tax issues.
Assuming the settlement is approved by the court as discussed below, the settlement calls for AWI to pay AHI $20 million in cash, and gives AHI an allowed claim under AWI's confirmed Plan of Reorganization of $8.5 million (the AHI Claim). The settlement gives AWI the right to make all relevant tax elections and file all required tax returns on behalf of the Armstrong group of companies for all relevant tax periods during which the two companies were affiliated, and to receive and retain all related tax refunds. AHI would recover on the AHI Claim on the same basis as other unsecured creditors of AWI under the AWI Plan of Reorganization. The initial distribution in satisfaction of the $8.5 million AHI Claim would consist of approximately $2 million in cash plus approximately 98,690 shares of reorganized AWI.
The settlement is being submitted for approval by the U.S. Bankruptcy Court in Wilmington, Del., that presided over AWI's Chapter 11 case. Shareholders of AHI will be mailed a notice of the hearing, which is scheduled for April 2, 2007.
CORONADO INDUSTRIES INC (OTCBB: CNDI) "Up 84.71% on Tuesday"
Coronado Industries, through its wholly owned subsidiary Ophthalmic International, is focused on the development and commercialization of its patented procedure as a cost-effective alternative for the treatment of the most common types of glaucoma which are open angle and pigmentary as well as for the treatment of ocular hypertension.
CNDI News:
February 27th
On February 26, 2007, Mr. Peter Gelb submitted to the Registrant his resignation from all his executive officer positions with the Registrant, including his position as Chief Executive Officer of the Registrant. Mr. Gelb's resignation as Chief Executive Officer shall become effective on March 1, 2007. Mr. Gelb shall continue as a director of the Registrant and remain the Chairman of the Registrant's Board of Directors.
On February 26, 2007, the board of directors of the Registrant approved the appointment of Mr. Timothy Brink as Chief Executive Officer of the Registrant. The appointment of Mr. Brink as Chief Executive Officer shall become effective on March 1, 2007.
Timothy Brink has 17 years experience in Petroleum retail operations. Mr. Brink has worked as a successful operational manager for several large companies including Southland Corp., Circle K, and Amerada Hess, Inc. Mr. Brink has also been employed as an Operations Manager by Garb-Ko, a 7-11 franchise chain in Michigan, Indiana, and Ohio. Mr. Brink specializes in developing marketing strategies to promote sales and overall profitability to meet long-term financial goals. While employed at Amerada Hess Mr. Brink was promoted into franchise operations (also called the Branded Retailer program). Mr. Brink aggressively signed up new accounts and outperformed the company's expectations. The Branded Retailer program helped Amerada Hess establish their desired market share. In 2001, Mr. Brink started his own chain of petroleum retail outlets in Florida. Mr. Brink sold his interest in the company in January of 2005. Since 2005, Mr. Brink has been actively involved in oil trading and consulting.
Prior to 1990, Mr. Brink served 6 years in the United States Air Force. He was an electrical avionics communications and navigation specialist. While serving as a Non-Commission Officer in the United States Air Force, Mr. Brink was a full time student. He attended the Community College of the Air Force, Florida State University, and Troy State University. Mr. Brink received a degree in Avionics System Technology, Electrical Engineering Technology, and a Masters in Business Management.
The Board of Directors of the Registrant currently consists of two members, Mr. Peter Gelb and Mr. Marco Gutierrez. The full Board of Directors of the Registrant consists of five seats. Currently, three seats of the Registrant's Board of Directors are vacant.
HERITAGE CAPITAL CORP (OTC: HCPC) "Up 48% on Tuesday"
Heritage is a holding company, which through its subsidiary, Independent Capital Credit Corporation is engaged in the commercial property lending business as well as in other financial services that are in large part associated with the real estate industry.
HCPC News:
February 27th - Heritage Capital Credit Corporation Receives Allocation Up to $300 Million
Heritage Capital Credit Corporation (OTC: HCPC) announced Tuesday that one of its affiliates has secured an institutional investor to purchase up to $300 million in BCLOC Trust Notes, which will fund commercial projects. The closing on this funding is scheduled to begin on March 15, 2007.
Heritage Capital Credit Corporation has received confirmation that the investor has signed a letter of authorization with their brokerage firm that when the funds are on deposit, they can be used to purchase only BCLOC Trust Notes.
The BCLOC Trusts can purchase the commercial property assets originated by Independent Capital Credit Corporation, a subsidiary of Heritage Capital Credit Corporation.
Upon completion of the $300 million funding, the Company anticipates pre-tax earnings of $0.085 per share by the end of the third calendar quarter.
DC BRANDS INTERNATIONAL (OTC: DCBI) "Up 37.50% on Tuesday"
DC Brands International, Inc. (OTC: DCBI) markets its Dickens Energy Cider through a growing network of distributors nationwide. The company announced that the recent trip to Florida by the company's President Dick Pearce and their V.P. of Sales Buck Adams was extremely successful. Mr. Adams said: "We met with major beer distributors in Orlando, Palm Beach and Miami. All three meetings went extremely well and all three distributors are now in the contract stage. We will not release names until contracts are signed. However, I will tell you that we expect all three to be finalized mid-January. The exciting thing for us is the fact that these new relationships will give our brand exposure to more than 15,000 new accounts and should generate a minimum of $100,000 a month in revenue for the company by early spring on our original energy drink products alone, plus additional revenue from our new bag-in-the-box and alcoholic products we are releasing." (See previous article "DC Brands Announces new Bag in the box and Alcoholic product.") Additionally, the company's President and CEO was interviewed a few weeks ago by the Wall Street Reporter, the approximate 15 minute audio file is available at www.******************.com and provides a very good idea of the company's history, position and future goals. Once at the home page, look to the right-hand side, scroll down to the OTC section and look for the file marked Dick Pearce CEO DC Brands International.
DCBI News:
February 27th - DC Brands International: Sinclair Stations Latest to Join the Growing Crowd
On Tuesday, DC Brands International (PINKSHEETS: DCBI) announced they have secured yet another Denver-based retailer to bring in all of their products. Last week, the company and their new distributor met and reached an agreement for all Sinclair stations in Colorado. Product will hit the shelves throughout all of their 18+ Colorado locations beginning the second half of March. The company's VP of Sales, Richard Muscarella said, "The addition of the Sinclair stations throughout our home state is fantastic. However, much larger is the fact that as we announced yesterday, we have signed a new distributor based out of Salt Lake City, Utah, which is also the home base for Sinclair. Throughout Utah, they operate well over an additional 100 locations. Our new distributor will be scheduling appointments with the necessary parties during the month of April and we expect the reaction to be the same.
Understanding the greater Salt Lake area to be quite conservative, we do not expect the Dickens Brand to find a home there but certainly our new Turn Left will be a great fit. I will be sure to keep everyone up to speed with our progress." For those interested in learning more about the company's latest energy drink product and their related promotions go to www.TurnLeftEnergy.com.
Fort Myers, Fla.-based Innova Robotics & Automation (OTCBB: INRA) pioneers innovative control, software and communication solutions that make robotics and automated systems more productive, powerful and profitable for customers in the telecommunications, manufacturing, aerospace, research, and service industries. The Company is chartered to continue expanding its growing suite of technologies through acquisitions and organic growth. Innova operates through three subsidiaries, Robotic Workspace Technologies (RWT), CoroWare Technologies, and Innova Robotics, which offer convergent technology and expertise that bridge robots, facilities and business systems for greater functionality and ROA. Visit Innova online at www.innovaroboticsautomation.com.
INRA News:
February 27th - NASA Expands Order for Innova Robotics & Automation's Universal Robot Controller to Enhance Ground Testing
Innova Robotics & Automation, Inc. (OTCBB: INRA), a robotics technology firm, announced Tuesday that NASA has expanded a previous order for the Universal Robot Controller 3(TM) (URC3(TM)) from the Robotic Workspace Technologies (RWT(TM)) subsidiary. Innova will further increase the capabilities of the URC3 so that it will be able to process commands at an even faster rate of 1,131 commands per second, up from the 1,000 commands per second specified in the original order. In addition, Innova will provide an external clock synchronization signal to NASA's Linux-based host PC that will function as the "heart beat" that triggers the initiation of commands to the robotic arm.
NASA needs the increased functionality to simulate a robotic arm operating in the zero-gravity environment of space where deflection and other zero-gravity effects could affect a mission outcome. NASA is already using the URC3 at the Goddard Space Flight Center (GSFC) to engineer and simulate the navigation capabilities of a docking system it is developing.
"This addition to the original NASA order gives us the opportunity to further demonstrate the benefits and functionality capable from an open architecture, PC robot controller," said Robert Ballard, vice president of operations, RWT. "It also provides Innova another opportunity to showcase its expertise in developing custom technology solutions to improve the productivity and efficiency of robotic applications."
Key capabilities of the URC3 include increased processing speeds for improved path following and motion control, and improved communications between the robot and the controller, and between the controller and other enterprise systems. The URC has been awarded three pioneer patents issued by the USPTO pertaining to the interface of a general use computer and the demanding motion control required by robots, regardless of specific applications.
"We are gratified to start the year by expanding our relationship with NASA and being more involved in the development work for NASA's operations in space," said Walter Weisel, Chairman and CEO, Innova Robotics & Automation. "I believe that Tuesday's announcement speaks to the success to date of Innova's engineering team on this project, and we look forward to our expanded role with NASA."
The URC is designed for plug-and-play connectivity and simplifies programming tasks through the use of its universal programming language, RobotScript , which is based on Microsoft technology.
RobotScript features English-language commands and syntax, making it very easy for operators to learn and use. Because the controller utilizes non-proprietary components, replacement parts are commercially available and can be quickly and inexpensively purchased "off the shelf." The URC3 is more compact than the previous model as well as several OEM controller models, freeing up valuable floor space on the production floor for other processes. The URC and the RobotScript programming language are also being used to operate various models of ABB, Cincinnati Milacron, Fanuc, Kawasaki, Unimation and Yaskawa Motoman robotic arms.
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