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PMRS(.0004) to Change Its Name to Auto 'V' Resources Mar 28, 2007 4:16:00 PM LAS VEGAS, NV -- (MARKET WIRE) -- 03/28/07 -- Premier Mortgage Resources Inc. (PINKSHEETS: PMRS) announced today that it is changing its name to Auto 'V' Resources, Inc. The name change has been approved and a new CUSIP number has been assigned. Management has filed for a new trading symbol which will be announced upon approval.
As part of the company's restructuring, the Board of Directors has been expanded to include Steven Brown and Edward Herbert. In addition to their new duties on the Board, Mr. Brown will serve as President and Treasurer, and Mr. Herbert as Chief Operating Officer and Secretary.
"Now that PMRS is in the final stages of its acquisition of Auto 'V' Grooving, it is the ideal time to integrate the management teams of the two companies," says Steven Brown. "We feel that the name Auto 'V' Resources more accurately reflects the primary operation of the new company. As President, I look forward to devoting my efforts to increasing Auto 'V's profile."
About Auto 'V' Grooving Inc.
Based in Toronto, Ontario, Auto 'V' Grooving Inc. is the innovator of the v-grooving fabrication process, and manufactures a line of high precision machinery incorporating this revolutionary technique. Over the last 35 years, more than 1,600 machines have been installed worldwide, all of them still in full production operation. The company currently markets its equipment through major industry trade shows, direct sales and on the Internet.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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IAGR(.04)Purchase Like a Pro Sweepstakes at Mid-Point of Entry Period
Internet Acquisition Group, Inc. (OTCBB: IAGR) announced in early March that the Company is holding an online sweepstakes promotion titled 'The Internet Acquisition Group Purchase Like A Pro Sweepstakes.' The Grand Prize Winner will receive $2,000 towards purchasing services of their choice from Internet Acquisition Group, Inc. Official Rules are located on the Company's website at http://www.iagcompany.com
The Sweepstakes began at 4:05pm (EST) on Wednesday, March 7, 2007 and all entries must be received prior to the contest end by 6pm (EDT) on Wednesday, April 18, 2007 (the "Sweepstakes Period"). Multiple entries are allowed, but only one entry per individual per day (based on EDT) is allowed. Entries must be received on the official registration page on the Internet Acquisition website which can be located at http://www.iagcompany.com. All entries require completing all of the required information and following all instructions and then submitting your entry. (Official Rules are located on the Company's website at http://www.iagcompany.com)
Matt Lettau, CEO of Internet Acquisition Group, stated, "We are roughly at the half way point of the entry period of the sweepstakes and the number of entries has been extremely encouraging. We appreciate those that have already entered the sweepstakes and we encourage everyone to tell friends about of the sweepstakes in order to provide them a chance at the sweepstakes prize. It is hoped that the sweepstakes will assist the Company to build additional name recognition and that those individuals that visit the Company website will become more familiar with the business of Internet Acquisition Group and the services that we offer."
About Internet Acquisition Group, Inc. (OTCBB: IAGR) -- Internet Acquisition Group, Inc. is a publicly traded company trading on the OTC Bulletin Board under the symbol IAGR. IAGR specializes in professional purchasing management so that its clients can focus on the operations of their businesses. Specifically, IAGR assists clients by purchasing goods and services specific to their needs and managing these services along with working to provide discounted prices on many products and services. For more information about Internet Acquisition Group, Inc., please visit the Company's website at http://www.iagcompany.com.
This press release may contain certain "forward-looking statements" as defined under U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "establish," "project" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from IAGR's historical experience and its present expectations or projections. These risks include, but are not limited to its ability to develop operations; its ability to increase its client base; actual revenues produced by the sale of its products; ability to capture market share; the effectiveness of advertising and marketing programs; its ability to consummate and complete an acquisition of goods; the establishment of relationships with vendors; its access to future capital; government regulation; managing and maintaining growth; the effect of adverse publicity, litigation, competition, sales and other factors that may be discussed in IAGR's filings with the SEC, including its Annual Report on Form 10-KSB, Quarterly Reports on Form 10-QSB, and Current Reports on Form 8-K, which reports are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. IAGR undertakes no obligation to publicly update or revise any forward-looking statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.
Contact: Internet Acquisition Group, Inc. Matt Lettau 260-385-0338 info*iagcompany.com
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NTLNF(.101) Reports Q4 and Year-End 2006 Financial Results Quarter over quarter revenue growth of 39 percent
(TSX: NTI; OTCBB: NTLNF)
TORONTO, March 28 /CNW/ - Northcore Technologies Inc. (TSX: NTI; OTCBB: NTLNF), a global provider of core asset solutions, announced today its financial results for the fourth quarter and fiscal year ended December 31, 2006. All figures are in Canadian dollars.
Northcore reported revenues of $309,000 for the quarter, an increase of 39 percent over the $222,000 generated in the third quarter of 2006. In the same period of 2005, Northcore, operating at the time as ADB Systems International Inc., reported revenues for its North America and Ireland business units of $510,000. For the year ended December 31, 2006, Northcore reported revenues of $1.07 million. The company's total revenues for 2005 were $1.29 million after excluding discontinued operations.
Comparisons of Northcore's fourth quarter results to periods when the company operated as ADB Systems may not be meaningful given the changes to the company's operational focus and customer activities. As has been reported previously, the company sold its Norway business unit for $2.69 million in cash and debt settlement effective June 30, 2006. As a result of the sale of its Norway business unit, Northcore has adjusted its historical financial results to comply with generally accepted accounting principles (GAAP) applicable to discontinued operations.
"Consistent with our guidance, revenues in Q4 grew by almost 40 percent when compared to third quarter results," said Jeff Lymburner, CEO of Northcore Technologies. "The revenue growth was attributable to a number of factors, including an increasing demand for our application development and technology customization services, and a steady revenue stream from the royalty arrangement we entered into with ADB Systemer."
Northcore reported a net loss for the fourth quarter of $571,000 or $0.01 per share, basic and diluted. This compares to a net loss of $640,000 or $0.01 per share, basic and diluted, in the third quarter of 2006. The company reported a net loss of $786,000 in the fourth quarter of 2005.
Northcore's net loss for the year ended December 31, 2006 was $648,000 or $0.01 per share, which included a one-time gain of $2.12 million resulting from the sale of discontinued operations in Norway. The company's total net loss for 2005 was $3.5 million.
"The sale of our Norwegian business unit reduced the costs and complexities involved in running international operations," Mr. Lymburner said. "This strategic change will result in greater operational and financial focus."
Northcore also reported an EBITDA loss for Q4 of $374,000. This compares to an EBITDA loss of $404,000 in the third quarter of 2006 and an EBITDA loss of $254,000 in the fourth quarter of 2005. For the year ended December 31, 2006, Northcore recorded an EDITDA loss of $1.76 million. Northcore recorded an EBITDA loss of $2.62 million for the fiscal year 2005.
EBITDA loss is defined as losses before interest, taxes, depreciation, amortization, employee stock options, and discontinued operations. Northcore considers EBITDA to be a meaningful performance measure as it provides an approximation of operating cash flows.
As at December 31, Northcore held cash and cash equivalents $475,000.
Operating highlights In addition to its financial performance, Northcore realized a number of operating achievements in the fourth quarter, notably: - Northcore's joint venture with GE began providing asset disposition services to the Fastenal Company, an international distributor of industrial and construction supplies. - Northcore's joint venture with GE signed an agreement with the Toro Company to provide a branded, online marketing and sales platform to remarket off-lease and pre-owned equipment to a range of prospective buyers. The sales platform has since become operational and is accessible via www.toroused.com. - Northcore entered into a technology services agreement with The Brick, one of Canada's largest volume retailers of household furniture, mattresses, appliances and home electronics.
"Based on the timelines of our technology services projects and the pipeline of our sales opportunities, we anticipate modest sequential revenue growth in Q1 of 2007 and a healthy double-digit increase in Q2," Mr. Lymburner said. "We expect this growth trajectory to continue throughout 2007."
Northcore will hold a conference call at 10:00 a.m. (Eastern time) on Thursday, March 29 to discuss its financial results and review operational activities. Investors and followers of Northcore can listen to a live broadcast of the call from the investor relations section of the company's website, www.northcore.com.
About Northcore Technologies Inc.
---------------------------------
Northcore Technologies provides core asset solutions that help organizations source, manage and sell their capital equipment. Northcore works with a growing number of customers and partners in a variety of sectors including oil and gas, government, and financial services.
Current customers include GE Commercial Finance, Paramount Resources and Trilogy Energy Trust.
Northcore owns a 50 percent interest in GE Asset Manager, a joint business venture with GE.
This news release may include comments that do not refer strictly to historical results or actions and may be deemed to be forward-looking within the meaning of the Safe Harbor provisions of the U.S. federal securities laws. These include, among others, statements about expectations of future revenues, cash flows, and cash requirements. Forward-looking statements are subject to risks and uncertainties that may cause Northcore's ("the Company") results to differ materially from expectations. These risks include the Company's ability to raise additional funding, develop its business-to-business sales and operations, develop appropriate strategic alliances and successful development and implementation of technology, acceptance of the Company's products and services, competitive factors, new products and technological changes, and other such risks as the Company may identify and discuss from time to time, including those risks disclosed in the Company's Form 20-F filed with the Securities and Exchange Commission. Accordingly, there is no certainty that the Company's plans will be achieved.
(financial results follow)
Northcore Technologies Inc. (formerly ADB Systems International Ltd.) Consolidated Balance Sheets (expressed in thousands of dollars) (Canadian GAAP, Unaudited)
December 31 December 31 December 31 ----------------------------------------- 2006 2006 2005 ----------------------------------------- (unaudited) (unaudited) (audited) (in $C) (in $US) (in $C)
translated into $US at Cdn$ 1.1652 for convenience
Cash $ 475 $ 408 $ 60 Marketable securities - - 13 Other current assets 217 186 399 Other assets 121 104 201 Assets from discontinued operations - - 1,170 ----------------------------------------- Total assets $ 813 $ 698 $ 1,843 ----------------------------------------- -----------------------------------------
Accounts payable and accrued liabilities $ 1,074 $ 922 $ 1,285 Due to related parties - - 137 Deferred revenue 68 58 91 Current portion of secured subordintated notes 1,682 1,444 343 Current assets from discontinued operations - - 894 Non-current portion of secured subordinated notes 244 209 1,800 Minority interest - - 3 Total shareholders' deficiency (2,255) (1,935) (2,710) ----------------------------------------- Total liabilities and shareholders' equity (deficiency) $ 813 $ 698 $ 1,843 ----------------------------------------- -----------------------------------------
Northcore Technologies Inc. (formerly ADB Systems International Ltd.) Consolidated Statements of Operations (expressed in thousands of dollars, except per share amounts) (Canadian GAAP, Unaudited)
-------------------------- -------------------------- Three Months Ended Year Ended -------------------------- -------------------------- December 31 December 31 -------------------------- -------------------------- 2006 2006 2005 2006 2006 2005 ($C) ($US) ($C) ($C) ($US) ($C) -------------------------- --------------------------
translated translated into US$ at into US$ at Cdn$ 1.1151 Cdn$ 1.1151 for for convenience convenience
Loss from continuing operations $ (570) $ (490) $ (568) $(2,770) $(2,377) $(3,493) Income (loss) from discontinued operations (1) (1) (218) 2,122 1,821 (8) -------------------------- -------------------------- Net loss for the period (571) (491) (786) (648) (556) (3,501) -------------------------- -------------------------- -------------------------- --------------------------
Loss per share: From continuing operations, basic and diluted $(0.01) $(0.01) $(0.01) $(0.03) $(0.03) $(0.05) Net loss per share, basic and diluted $(0.01) $(0.01) $(0.01) $(0.01) $(0.01) $(0.05) -------------------------- -------------------------- -------------------------- --------------------------
Weighted average common shares 83,616 83,616 74,120 79,933 79,933 72,904 -------------------------- --------------------------
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HSTH(.13) Signs Letter of Intent with Wright-Hennepin Cooperative Electric Association and American Monitoring Services
DENVER, March 28, 2007 (PRIME NEWSWIRE) -- HS3 Technologies, Inc. (OTCBB:HSTH), a national provider of security solutions has signed a Letter of Intent with Wright-Hennepin Cooperative Electric Association, DBA W-H International Response Center (WHIRC) of Rockford, Minnesota and American Monitoring Services(AMS) of Denver, Colorado for WHIRC to distribute HS3's and AMS security products and services, which include remote video, virtual guard tours and biometric access control to WHIRC's national network of 250 dealers and 40,000 burglar and fire alarm customers.
"The partnering of these companies' products will generate recurring revenue for the companies and their dealers through ongoing monitoring contracts in addition to the sale of products and services," said Mark Lana, President of HS3 Technologies, Inc. "Relationships with qualified partners like WHIRC and AMS will allow us to meet and exceed our sales goals."
Wright-Hennepin is one of the nation's largest public utility corporations and provider of electricity, and through its subsidiary, W-H International Response Center (WHIRC), they are also a national provider of burglar alarm and fire protection installation, service, and monitoring products. Wright-Hennepin has the ability to advance the combined security products into a well established network of 250 experienced dealers who have been serving and providing security products to customers throughout the United States and Canada.
AMS is the first company of its kind to truly offer responsive 'virtual guard' services from a remote centralized command center. Other monitoring companies only monitor alarm triggers or snapshot images and video clips of activity on the premise, usually responding only after an incident has occurred. AMS currently provides virtual guard tours to high-rises in the Denver Metro area increasing efficiencies through the reduction of onsite guards. AMS networking technology makes it possible to provide remote monitoring services that can react 'real-time' with an onsite incident where trained monitoring agents can act accordingly to the information received.
About HS3 Technologies, Inc.
HS3 Technologies, Inc. ("HS3") is a national provider of innovative security solutions, headquartered in Denver, Colorado. HS3 provides technologies and services through a national authorized dealer and distribution program. Utilizing independent sales professionals, national distribution and local dealers, HS3 offers custom security solutions for commercial, residential, government and military applications. These state-of-the-art products include digital video recording technology (DVR), biometric access control (door locks), personal biometric identification units, CCTV, video monitoring centers, cellular networks, wireless mesh networks units and wireless internet-linked satellite surveillance systems. HS3 Technologies is bringing together technologies, services and people to fulfill the increasing global security needs of today and tomorrow.
About WHIRC
Wright-Hennepin has been serving the public with electricity since 1937 and started a security division in 1989. In 2000, Wright-Hennepin began offering local and long distance phone and high-speed Internet services in portions of the cooperative's electric territory through an LLC called WH Comm.
Wright-Hennepin now has more than 42,500 electric retail accounts, provides security monitoring services to more than 38,000 customers in 22 states and three Canadian provinces and continues to grow its service area for its telecommunications and high speed Internet division.
Wright-Hennepin also offers Off-Peak programs that can help members save money on heating, cooling and water heating costs and a product and service offering that includes electric radiant floor heating as well as many services through WH Response.
About AMS
American Monitoring Services (AMS) is one of the first companies to pioneer Interactive Video Monitoring (IVM), or 'Virtual Guard Services'. Through the integration of IP Network Security Camera Systems, Remote Access Control Systems, and Perimeter Alarm Systems, AMS can provide a total security solution to meet a variety of needs.
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that the partnering of AMS, WHRIC and HS3 will generate recurring revenue for the companies, that the partnership will be able to distribute HS3's and AMS security products and services to WHIRC's national network of dealers and customers, or that HS3's relationship with WHIRC and AMS will allow HS3 to meet and exceed its sales goals.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, HS3's ability to manufacture the products to function as designed and the ability of the products to gain market acceptance; and HS3's ability to supply high-speed satellite internet access and integrated security technologies to any location in the country, at higher speeds and lower costs. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Company's recent current reports on Form 8-K, our annual report on Form 10-KSB, our quarterly reports on Form 10-QSB and other periodic and current reports filed from time-to-time with the Securities and Exchange Commission.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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PWTC(.043) to Begin Manufacturing Maintenance Free, Absorbed Glass Matt Batteries Using Patented Electrodes
HOUSTON, March 28, 2007 (PRIME NEWSWIRE) -- Power Technology (OTCBB:PWTC) announced today that during the week of April 2, 2007, a commercial battery plant will begin manufacturing the company's Valve Regulated, Absorbed Glass Matt, Maintenance Free, Lead Acid batteries for customer evaluation and testing. Batteries will be delivered to Kung Long Batteries Industrial Co. Ltd., a publicly traded expert manufacturer of lead acid batteries and to Power Battery Co., a privately owned battery manufacturer which has major locations in Patterson, New Jersey, Iberville, Quebec, Canada, and Romsey, England. Kung Long's stock is listed on the Taiwan Stock Exchange under the symbol 1537.TW. In addition, batteries will be delivered to other independent manufacturers for evaluation and testing.
About Power Technology -- Power Technology, Inc. (OTCBB:PWTC) is an alternative energy Research and Development Company engaged in activities regarding alternative "green" battery technology using patented light materials with up to 50% less weight and significantly less lead content than conventional batteries. The Company is commercializing its battery technology and has built equipment and systems to manufacture its proprietary electrodes for its patented batteries. Please visit our website at www.PWTCBATTERY.com for more information.
All statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations that are disclosed in this Press Release. While Power Technology, Inc. believes its forecasting assumptions are reasonable, there are factors that are hard to predict and influenced by economic and other conditions that are beyond Power Technology, Inc.'s control. Among the other important factors which could cause actual results to differ materially from those in the forward-looking statements are detailed in Power Technology, Inc.'s filings with the Securities and Exchange Commission.
CONTACT: Power Technology, Inc. Bernard J. Walter, Jr. 713-621-4310 bwalter*pwtcbattery.com
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RONKONKOMA, N.Y., March 28 /PRNewswire-FirstCall/ -- Sentry Technology Corporation (OTC Bulletin Board: SKVY) today reported financial results for the Company's fourth quarter and year ended December 31, 2006.
Revenues for the fourth quarter of 2006 were $3,752,000, compared to revenues of $2,949,000 reported in the fourth quarter of the prior year. The net loss was $293,000, or $(0.00) per share, in the fourth quarter of 2006 as compared to a net loss of $604,000, or $(0.01) per share, in the fourth quarter of 2005.
For the year ended December 31, 2006, revenues were $12,135,000 compared to $13,570,000 reported in the previous year. The decrease is primarily related to a reduction in revenue from two key accounts totaling approximately $1,800,000. The net loss was $2,304,000, or $(0.02) per share in 2006, compared to $1,690,000, or $(0.01) per share in 2005.
'While sales increased 27% in the fourth quarter of 2006 compared with the fourth quarter of 2005, the increase was below expectation,' said Peter L. Murdoch, President and CEO of Sentry Technology Corporation. 'Significant additional cost cuts are fully implemented as of the first quarter of 2007. We anticipate that cost reductions, the successful market testing of SmartTrack(TM) as an OperationalVideo(TM) solution for retailers and continued growth in our library business will improve financial results in 2007.'
Sentry Technology Corporation designs, manufactures, sells and installs a complete line of Closed Circuit Television (CCTV) solutions, Electro-Magnetic (EM) and RFID based Library Management systems as well as Radio Frequency (RF) and Electro-Magnetic (EM) EAS systems. The CCTV product line features SentryVision(R), SmartTrack, a proprietary, patented traveling Surveillance System. The Company's products are used by libraries to secure inventory and improve operating efficiency, by retailers to deter shoplifting and internal theft and by industrial and institutional customers to protect assets and people. For further information, please visit our website at www.sentrytechnology.com.
This press release may include information that could constitute forward- looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in the Company's Securities and Exchange Commission filings.
SENTRY TECHNOLOGY CORPORATION CONSOLIDATED BALANCE SHEETS (In thousands) December 31, December 31, 2006 2005
ASSETS CURRENT ASSETS Cash and cash equivalents $360 $445 Short-term investments 259 397 Accounts receivable, less allowance for doubtful accounts of $160 and $141, respectively 2,251 2,762 Inventories 3,005 2,709 Prepaid expenses and other current assets 306 318 Total current assets 6,181 6,631
PROPERTY AND EQUIPMENT, net 609 637 GOODWILL 1,564 1,564 OTHER ASSETS 480 563
$8,834 $9,395
LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Bank indebtedness, demand loan and revolving line of credit $3,030 $2,039 Accounts payable 609 489 Accrued liabilities 1,078 925 Obligations under capital leases - current portion 3 6 Deferred income 185 135 Total current liabilities 4,905 3,594
OBLIGATIONS UNDER CAPITAL LEASES - non-current portion 8 1 DEFERRED TAX LIABILITY 91 58 CONVERTIBLE DEBENTURES 1,945 1,904 Total liabilities 6,949 5,557
MINORITY INTEREST 1,237 1,140
STOCKHOLDERS' EQUITY Common stock 121 121 Additional paid-in capital 49,037 48,783 Accumulated deficit (48,712) (46,408) Accumulated other comprehensive income 202 202 Total stockholders' equity 648 2,698 $8,834 $9,395
SENTRY TECHNOLOGY CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data)
Three Months Twelve Months Ended Ended December 31, December 31, 2006 2005 2006 2005
REVENUES Sales $3,170 $2,413 $10,212 $11,131 Service installation & other revenues 582 536 1,923 2,439 3,752 2,949 12,135 13,570
COSTS AND EXPENSES: Cost of sales 1,599 1,272 5,374 5,960 Customer service expenses 608 616 2,209 2,654 Selling, general and administrative expenses 1,332 1,331 5,296 5,348 Research and development 224 218 838 856
3,763 3,437 13,717 14,818
OPERATING LOSS (11) (488) (1,582) (1,248)
INTEREST AND FINANCING EXPENSES 164 84 473 333
LOSS BEFORE INCOME TAXES AND MINORITY INTEREST (175) (572) (2,055) (1,581)
INCOME TAX EXPENSE 75 20 145 49
LOSS BEFORE MINORITY INTEREST (250) (592) (2,200) (1,630)
MINORITY INTEREST (43) (12) (104) (60)
NET LOSS $(293) $(604) $(2,304) $(1,690)
LOSS PER SHARE Basic and diluted $(0.00) $(0.01) $(0.02) $(0.01)
WEIGHTED AVERAGE SHARES Basic and diluted 120,744 120,629 120,716 120,594
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AFFI(.095) Announces Court's Grant of Federated's Summary Judgment Motion
Affinity Technology Group, Inc. (OTCBB:AFFI) today announced that the United States Federal Court for the District of South Carolina Columbia Division (the “Court”) has granted the summary judgment motion filed by Federated Department Stores, Inc. in January 2007. In its summary judgment motion, Federated requested the Court to dismiss the infringement claim for U.S. Patent No. 6,105,007 brought by Affinity through its subsidiary, decisioning.com, Inc., against Federated. Based on the Court’s Markman rulings from December 2006 concerning the interpretation of the meaning and application of the terms “remote interface” and “verification of identity,” the Court granted Federated’s motion and dismissed the lawsuit.
Joe Boyle, Chairman, President and Chief Executive Officer, stated, “The Court’s ruling was no surprise given the Court’s previous Markman rulings in which certain of our patent’s terms, especially the term 'remote interface,' were narrowly and, we believe, improperly interpreted. As we have previously stated, we believed that the Court’s Markman rulings would probably necessitate an appeal to the U.S. Court of Appeals for the Federal Circuit. That appeal could not commence until the Court ruled on the summary judgment motions. Now we can immediately proceed with the appeals process, which we intend to vigorously pursue. Ameritrade and HSBC have also filed summary judgment motions on grounds similar to Federated, and we anticipate receiving rulings by the Court on those motions shortly.”
About Affinity Technology Group, Inc.
Through its subsidiary, decisioning.com, Inc., Affinity Technology Group, Inc. owns a portfolio of patents that covers the automated processing and establishment of loans, financial accounts and credit accounts through an applicant-directed remote interface, such as a personal computer or terminal touch screen. Affinity’s patent portfolio includes U.S. Patent No. 5,870,721C1, No. 5,940,811C1, and No. 6,105,007C1.
Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We cannot offer any assurances that Affinity will prevail on its claims of patent infringement against third parties or that such claims will result in monetary damages to Affinity. Investors are cautioned that our business is subject to several substantial risks and uncertainties, including the Company’s very limited capital resources and the possibility that we may be unable to raise additional capital in amounts sufficient to permit us to continue operations; the risk that we may be unable to obtain favorable claims interpretations through post Markman hearing motions and/or appeals; the risk that we may lose all or part of the claims covered by our patents as a result of challenges to our patents; the risk that our patents may be subject to additional reexamination by the U.S. Patent and Trademark Office or challenge by third parties; the results of ongoing litigation, including patent litigation and our ongoing lawsuit with Temple Ligon; and unanticipated costs and expenses affecting the Company’s cash position. If the Company is not able to raise additional capital when needed or becomes obligated to pay more than an insignificant amount in connection with the Temple Ligon litigation, it may be forced to consider alternatives for winding down its business, which may include offering its patents for sale or filing for bankruptcy protection. These and other factors may cause actual results to differ materially from those anticipated. These factors are discussed in greater detail in the Company's filings with the Securities and Exchange Commission. The Company is not responsible for updating the information contained in this press release beyond the publication date, or for changes made to this document by wire services or Internet Services.
Affinity Technology Group, Inc. Joe Boyle, Chief Executive Officer, 803-758-2511
Source: Business Wire (March 28, 2007 - 7:04 PM EDT)
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LGCC(.20)Closes on Sale of KBET(AM), Las Vegas to Beasley Broadcast Group
Legacy Communications Corporation (OTCBB: LGCC) announced today the Company has completed the closing on its sale of KBET(AM), Winchester, Nevada to Beasley Broadcasting Group, Inc. for $2,500,000. Radio station KBET(AM), 790kHz, licensed to Winchester, Nevada, is authorized to operate at 790kHz, 1kw day and 300 watts night serving the Las Vegas market.
Legacy Communications Corporation, headquartered at St. George, Utah, is headed by President & Chief Executive Officer E. Morgan Skinner. Jr. Beasley Broadcasting Group, Inc., headquartered in Naples, Florida is headed by Chairman and Chief Executive Officer George G. Beasley. The exclusive broker of the sale is the John L. Pierce & Company of Florence, Kentucky.
Legacy Communications Corporation is a holding company for subsidiaries that acquire radio station licenses and permits to develop, upgrade, operate and market. The company seeks out broadcast properties that have significant upside potential when provided proper management, engineering, programming and marketing. Legacy owns eight (8) other stations: KPTO(AM) 1440kHz, Pocatello, Idaho, KITT(FM) 100.1MHz, Soda Springs, Idaho, KNFL(AM) 1470kHz, Tremonton, Utah, KOGN(AM) 1490kHz, Ogden, Utah, KENT(AM) 1400kHz, Parowan, Utah, KDAN(AM), 1240kHz, Beatty, Nevada, KIFO(AM) 1450kHz, Hawthorne, Nevada and KBSP(AM) 1340kHz, Bishop, California. The company pursues ownership of such broadcast properties, improves the performance of the properties and the company's return on investment.
The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.
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UCSY(.0016) Subsidiary AirWater Corporation Signs a $4.8 Million Deal to Supply in Excess of 11,000 AirWater Machines to Japan Within the Next 12 Months
AirWater Now Unquestionably the World's 'Number One' Supplier of Air to Water Machines Mar 29, 2007 1:00:00 AM MIAMI BEACH, FL -- (MARKET WIRE) -- 03/29/07 -- Universal Communication Systems, Inc. (PINKSHEETS: UCSY) (BERLIN: UVC) (XETRA: UVC) (FRANKFURT: UVC) (MNCH: UVC) (WKN: 917633) subsidiary AirWater Corporation president Michael Zwebner reports today that the company has closed a deal to supply more than 11,000 AirWater machines to a Japanese company, THOSO Enterprises International Group (www.thosoenterprises.com), for exclusive distribution in Japan. The deal is worth about $4.8 million, and calls for the AirWater machines to be manufactured and delivered within the next 12 months. The company will ship the first 540 machines in late April / early May and then anticipates deliveries of about 1,000 machines monthly commencing in late May / June 2007.
Michael Zwebner stated, "This is more great news for our group, following our recent announcement of $2.6 million in confirmed contracts for sales of AirWater machines to Africa, as well as our overall international standing. This second very substantial sale of our new model air to water machines proves once again that our ongoing global marketing programs are paying off. We have now finally broken into the world's big league buyers and customers, and are seeing the beginning of the mass market acceptance and distribution of our unique range of high tech air to water machines. Despite years of skepticism and doubt, this new order with all it entails, solidly and unquestionably places us as the world's 'NUMBER ONE' manufacturer and supplier of unique air to water machines. This is a position we aim to keep, maintain and grow."
Mr. Upali Keppetipola, official representative of THOSO Enterprises International Group, stated: "This is a historic deal. The Japanese government is ever so strict in giving approvals for food or drink manufacturing machines such as AirWater's and to allow importation to Japan. Finally we have now successfully obtained the official licenses to allow us to import AirWater SOHO model unit and our plans are to further introduce larger AirWater machines to Japan, machines that produce more than 5,000 liters per day for commercial purposes. My principals are also planning to build their own machines using AirWater Corp. technology, in the near future to meet the growing demand of Water Producing Machines in Japan. Finally, I would like to thank Mr. Michael Zwebner, the president of AirWater Corp., for his great help in assisting the Thoso Group of JAPAN in achieving this goal."
More information as to the official launch of the AirWater Program in Japan will be announced in due course.
About Universal Communication Systems, Inc.:
Universal Communication Systems, Inc. is a publicly quoted US Company with operating subsidiaries concentrating on operations in the field of Water from Air extraction, Manufacture of and provision of PV Solar Energy, Solar-powered consumer electronic products, and security products.
AirWater Corp. designs and manufactures a wide range of Air to Water machines and systems that can offer consumers from 25 liters to over 5,000 liters of pure filtered drinking water daily. The company manufactures the machines in several global manufacturing locations, and markets and distributes the entire range of its machines and systems on a worldwide basis. The growing list of worldwide customers include the US Military, The British Government, African Mining Companies, the South African Army, as well as thousands of private clients in over 35 countries.
Caution Concerning Forward-Looking Statements by Universal Communication Systems, Inc.
This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and factors affecting the integration of the businesses of Universal Communication Systems, Inc. More detailed information about these factors may be found in filings by Universal Communication Systems, Inc. with the Securities and Exchange Commission, including their most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB. Universal Communication Systems, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact: Universal Communication Systems, Inc. - Miami Beach Rolando Sablon 305-672-6344 Company web address: http://www.ucsy.com
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LAS VEGAS, NV, March 29 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK) www.cashnow.com is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private-label, back-end office systems for the sub-prime market. Additionally, the Company will be launching an innovative low-cost online Introductory Broker (IB) Forex trading system on April 2, 2007.
ADVERTISEMENT The Company has also recently acquired leading edge electronic funds transfer (EFT) products that include domestic and international prepaid debit and Visa/MasterCard branded cards, EM2 - Electronic Money Management System -which is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and providing banking capabilities to consumers who do not actually have a bank account. In addition, Check 21 is an advanced checking service that can significantly reduce holdback periods by banking institutions in clearing checks, particularly valuable for international markets.
The Company is pleased to announce that it has engaged Grove Consulting LLC, a California-based financial services consultancy, to advise on future strategic relationships, investment opportunities and mergers and acquisitions within the Company's financial services portfolio. Specifically, Grove will assist in identifying suitable strategic partners to augment the Company's Forex trading division, which is scheduled to launch this coming Monday, April 2, 2007.
With almost 40 years experience within financial institutions, and with specific in-depth experience in mergers and acquisitions within this sector, Grove Consulting will continue to offer new opportunities as Esprit scales up operations in the mid to long-term.
There is also excellent synergy wherein Grove Consulting can bring new business opportunities related to our advanced EFT services developed by industry pioneer Jack Chang (co-inventor of the ATM machine), who heads up the Company's recently established Electronic Funds Transfer Division.
Garr Winters, Esprit CEO explains, "We are very impressed with Grove Consulting's skill-set and experience. They have the right entrepreneurial attitude combined with excellent pedigree and experience working with a number of very serious financial institutions. We have established a very natural rapport with Grove in a surprisingly short time. They understand where we are going, our core strengths, and have demonstrated that they can bring value to the table. We are looking forward to a lasting relationship that will be mutually advantageous for years to come."
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. The Company's proven business model includes licensing to corporately operated locations across the U.S. and Canada, as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
The Company is currently in the process of expanding its product portfolio by bringing a retail Forex trading platform to market, targeted to seasoned day traders. The Beta test site has now been launched, with a full-service roll-out to follow once the platform has been successfully tested.
Additionally, the Company's e-wallet product, named EM2 (Electronic Money Management) continues to be developed. This stored value card allows customers to transfer cash value without having to issue checks. Employers can use it to pay employees (of great benefit for hourly workers who may not have a bank account); in multi-level marketing organizations, as well as facilitating electronic fund transfers.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
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NEW YORK, NY -- (MARKET WIRE) -- 03/29/07 -- Aurus Corp. (PINKSHEETS: AURC) -- The directors are most pleased to announce that it has produced its audited financial statement for the year ending December 2006.
The statement certifies assets having a value of $4,020,191,806 for Zabaikalgeoprom and an additional $4,500,000,000 for the assets of Krong. It should be noted that according to Russian accounting practices, the assets of Zabaikalgeoprom are offset by the liabilities because these mineral assets have not yet been mined. This entry as a liability is not owed to any third party.
The mineral assets of Krong, again according to accounting practices, are not included in the financial statements because the minerals are out of the ground in the form of tailings. Nevertheless there is a note (2.c) in the statements from the auditor that Krong has mineral assets totalling $4.5 billion.
These statements are audited in accordance with the standards of the Public Company Accounting Oversight Board (United States).
As provided for in previous press releases, these financial statements were prepared within the framework of the Company acceding to the Bulletin Board exchange. The statements will be finalized and published on April 3.
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company with several precious metal properties with over 5 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to continue acquire proven gold and other precious metal reserves in Russia and other emerging counties and operate its mines through joint ventures and/or partnerships.
Contact: Jeremy Krause Managing Director Business Development Consultants, LLC 1-858-384-0294
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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WNBD (.0115) Winning Colours(R) Multi-Cleaner Launches in New Sector
Market Wire "US Press Releases "
BARRIE, ON -- (MARKET WIRE) -- 03/29/07 -- Winning Brands Corporation (PINKSHEETS: WNBD) (www.WinningBrands.ca) announces that its environmental clean-up solution Winning Colours® Multi-Cleaner has entered a new distribution channel following a listing by Guiry's -- stores that carry art supplies and accessories.
Winning Colours® has been increasingly visible in the traditional paint retailing sector, however the Art Supply distribution channel represents the first formal expansion into parallel markets for Winning Colours® Multi-Cleaner. Winning Brands has positioned Winning Colours® Multi-Cleaner within the Art Supply Sector as the clean-up solution of choice for artists working with all types of media that require convenient, skin-friendly wipe down of implements, work surfaces, hands and clothing. In the past, it had been necessary to use solvents for this purpose. Winning Colours® converts oil paint messes into a clean-up with plain water -- considered a breakthrough in convenience for such applications. Expansion into the Art Supply channel follows a period of evaluation within this sector by a variety of artists and consumers to establish the viability of the brand within the category.
Winning Brands Corporation manufactures Winning Colours® Multi-Cleaner in North America for consumer and industrial consumption. Winning Brands' full product range includes a variety of environmentally responsible alternative cleaning solutions, including its Smart® Wet Cleaning solutions alternative to Perchloroethylene used in Dry Cleaning and KIND(TM) Laundry Products. The company's mission is to replace hazardous chemicals in widespread use with safer alternatives.
Certain statements in this news release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Winning Brands Corporation (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; and (iii) competitive factors and developments beyond the Company's control. Winning Colors is a Registered Trademark of Niagara Mist Marketing Ltd and used under licence. Smart(TM) is a trademark of Solvent Free Solutions Inc. KIND(TM) is a trademark of Niagara Mist Marketing Ltd.
Information: Winning Brands Corporation Office Direct (705) 737-4062 11 Victoria Street, Suite 220A Barrie, Ontario, Canada L4N 6T3 News*WinningBrands.ca
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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MSTIF(.0001)Marketing Program Shows Results Mar 29, 2007 12:49:00 PM EDMONTON, Alberta, March 29 /PRNewswire-FirstCall/ -- Medical Services International Inc (OTC: MSITF) is pleased to announce that its marketing program for the VScan rapid test kits is showing excellent results. In the last several months the company has received requests from 37 companies to become distributors of the VScan products. By fall 2007 the Company expects to sign up a total of 100 new distributors. This will generate $250,000 US in distribution fees and a minimum of 500,000 VScan kits orders. The Company is receiving additional inquiries and requests from companies and individuals to become distributors each week. To become a distributor of VScan products, a deposit of $2500 US is required. Initial orders range from 5000 to 10,000 kits depending on the location. The interest in being a distributor of the VScan test kits can be attributed directly to the test results that are being obtained throughout the world by regulatory agencies. In addition to kits for the detection of HIV 1&2, the Company is getting inquiries about the fact that the VScan HIV test kit detects Subgroup O. This is a new form of HIV that is prevalent in Africa and is moving to North America. The VScan HIV test kit is the only rapid test kit available that can test for Subgroup O.
About VScan
The VScan rapid test kit is a single use, disposable, accurate, cost effective, easy to use, test for the screening of HIV 1&2, Hepatitis B&C, Tuberculosis (TB), Dengue Fever, West Nile, Syphilis, Malaria and Prostate Cancer. The kits cannot be sold in Canada.
Medical Services International Inc trades in the United States on the NQB Pinksheets under the symbol "MSITF". For further information, please contact Robert Talbot at (780) 430 6363 or http://www.medicalservicesintl or http://www.minerva-biotech.com .
NOTE: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in Company reports and other filings with regulatory bodies.
SOURCE Medical Services International Inc
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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CHNW (.0011) Offers Sneak Preview of Forex Website Live
PR Newswire "US Press Releases "
LAS VEGAS, NV, March 29 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (DBA Cash Now) (CHNW.PK) www.cashnow.com is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. Additionally, the Company is in the late developmental stage of offering an innovative low cost online Introductory Broker (IB) Forex trading system, and has recently acquired leading edge electronic funds transfer (EFT) products that include domestic and international prepaid debit and Visa/MasterCard branded cards, as well as online EFT capabilities under the EM2 brand name.
The Company has turned the switches on for its new Forex trading website for a short period. The website will be live as of 1:00PM Thursday, March 29, 2007 through Friday, March 30, 2007 midnight, at its temporary location http://www.cashnow.com/forex_index.html.
The website will be down periodically through the weekend of March 30, 2007 - April 1, 2007 as it is moved to its new home: www.cashnow.com, for its official launch on Monday, April 2nd, 2007.
Ron Macari head of Esprit's technical department has said "As we have built the Advanced Markets by Cash Now Forex site on a work in progress basis for all to see, for the repeat visitors to the above Forex link please be advised that you may have to refresh your Internet browser or clear your cache to view the now working links, active scripts and software downloads, that will securely resolve with our strategic partner Advanced Markets, Inc."
Richard Sciacchetano, head of Esprit's Forex Trading division explains; "This is a sneak preview we wanted to offer all of our shareholder friends and family, as they have followed our progress over the last couple of months. We're a little excited about this new business, as you may well imagine. There may still be a few glitches in the system that need to be tweaked before the Monday, April 2nd, 2007 launch, but we couldn't resist the temptation to let all of the investors, friends and family who have been following our progress to 'kick the tires' a little early."
CEO Garr Winters noted: "We think we have an absolutely top notch product here. Significantly, our disciplined approach to business development has ensured that this project has been delivered on time with our self-imposed deadline. We look forward to helping a lot of people make more profitable Forex trading a reality."
Anyone who registers at the current temporary website URL will be automatically redirected to the Cashnow.com website once it is live on Monday, April 2nd, 2007.
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. The company's proven business model includes licensing to corporately operated locations across the U.S. and Canada, as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
The Company is currently in the process of expanding its product portfolio by bringing a retail Forex trading platform to market, targeted to seasoned day traders. The Beta test site has now been launched, with a full-service roll-out to follow once the platform has been successfully tested.
Additionally, the Company's e-wallet product, named EM2 (Electronic Money Management) continues to be developed. This stored value card allows customers to transfer cash value without having to issue checks. Employers can use it to pay employees (of great benefit for hourly workers who may not have a bank account); in multi-level marketing organizations, as well as facilitating electronic fund transfers.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
SOURCE Esprit Financial Group Inc.
Tel: 1-888-224-9641
cashnowcorp*cashnow.com
SOURCE Esprit Financial Group
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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USXP(.0009)Sues First Call and Thompson Financial For Multimillions in Damages Mar 29, 2007 1:44:00 PM Copyright Business Wire 2007 NEW YORK--(BUSINESS WIRE)--
Universal Express Inc. (OTCBB: USXP) today announced that it has filed a multimillion dollar lawsuit against First Call and Thompson Financial for compensatory and punitive damages in connection with First Call's removal last month of a posted recommendation and target price from its summary on Universal Express.
"Universal Express' attorneys commenced this suit for compensatory and punitive damages against First Call and Thompson Financial in the Supreme Court of the State of New York, County of New York," Docket No. 104188-07, stated Chris G. Gunderson, General Counsel of Universal Express.
"Universal Express has received more than $700 Million in jury awards against naked shorters, including over $275 Million in punitive damages, awarded by two separate juries and will defend its rights and the interests of its shareholders. I am confident that our litigation against First Call and Thompson Financial will right their wrongs," concluded Mr. Gunderson.
"The facts remain simple. An analyst report summary appears from First Call on the internet. We verified the existence of the summary and we announce. Then four days later the recommendation and target price mysteriously disappears from the report with the comment 'No analyst consensus'," stated Richard A. Altomare, President and CEO of Universal Express, Inc.
"Are market makers, brokers or hedge funds short this stock now afraid of analyst opinions? Damages and malfeasance towards our Company and its shareholders will always be defended by this Company," concluded Mr. Altomare.
About Universal Express
Universal Express, Inc. is a 23 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, 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 beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: Universal Express Inc.
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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