By Michael Cavallaro, michaelcavallaro*knobias.com
Ariel Way, Inc., (AWYI) announced the liquidation of dbsXmedia and another significant reduction of debt and liabilities to increase shareholder value. Liability at the end of fiscal year 2007 is now projected to be less than $500,000, which management believes may create alternatives for new financing and the acquisition of new operations.
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Contact Information Arne Dunhem Phone: (703) 624-8042 8000 Towers Crescent Drive E-mail: info*arielway.com Suite 1220 Vienna, VA 22182 (703) 918-2420 http://www.arielway.com
Ariel Way Significantly Reduces Debt and Liabilities
Vienna, VA, September 18, 2007 -- Ariel Way, Inc., (OTC Bulletin Board: AWYI) a technology and services company for highly secure global communications, multimedia including digital signage solutions and associated technologies, today announced that it has as of September 14, 2007 significantly reduced its debt and liabilities and that the liquidation of dbsXmedia, Ltd has been completed .
Arne Dunhem, Ariel Way chairman, president, and CEO of Ariel Way said, “We are pleased to finally be able to put in place a major plan aiming to significantly improve the value of the Company and therewith the shareholder value.” Arne Dunhem also said, “The burden of the large amount of debt and liabilities that we have carried until now has been a major factor making new financing and the acquisition of new operations very difficult. The significant reduction opens up new alternatives for the Company.”
As of September 14, 2007, the Company had been able to significantly reduce its consolidated debt and liabilities to approximately $1,070,000 from $3,288,087 as of September 30, 2006 and $2,592,990 as of June 30, 2007. The significant reduction is the result of a settlement with Loral Skynet in June, 2007, the liquidation of dbsXmedia, Ltd. (UK), and of the ceasing of the US operation of dbsXmedia, Inc. in April 2006 and resulting liability reductions.
The Management of the Company intends to aggressively continue to attempt to reduce the debt and liabilities of the Company in the very near future with a target of a liability of less than approximately $500,000 before end of this fiscal year ending September 30, 2007. The Management believes this may create alternatives for new financing and the acquisition of new operations to grow the shareholder value.
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Ariel Way, Inc. Signs LOI to Acquire Syrei Holding UK, Ltd Tuesday December 11, 8:30 am ET Deal Expected to Add More than $7.5 Million Revenue, be Immediately Accretive to Ariel Way 2008 Earnings
VIENNA, Va., Dec. 11 /PRNewswire-FirstCall/ -- Ariel Way, Inc. (OTC Bulletin Board: AWYI - News) announced today the Company has signed a letter of intent to acquire Syrei Holding UK, Ltd, a UK and Sweden based a telecom-consulting firm comprised of senior specialists and experts in the evolving global telecommunications market (www.syrei.com). The deal is forecast to add more than $7.5 million in annualized revenue and to be accretive to Ariel Way's 2008 earnings with over 10% EBITDA. The transaction, which is subject to the signing of definitive agreements and customary closing conditions, has a two-step closing process with a first expected closing in late December 2007. The terms of the transaction were not disclosed.
ADVERTISEMENT click here Arne Dunhem, Ariel Way president and CEO, said, "We are excited with the prospect of having Syrei and its highly skilled consultants to be part of our operation. Thomas Strangert's team of technical experts have over ten years successfully provided and will continue to provide services worldwide to major corporations and telecom operators. They will also add global expertise to our strategy of building a state-of-the-art highly secure Digital Signage Network and will have primary focus on markets in Europe and Asia. We expect this acquisition to be immediately accretive to Ariel Way's earnings. Further, upon the full integration of this transaction, we anticipate moving into the black at the operating income line on a consolidated basis."
Thomas Strangert, CEO of Syrei, said, "We are looking forward to working with Arne and his team to integrate Syrei with Ariel Way's strategy. We are excited about actively supporting the Digital Signage activities in Europe and Asia in addition to continue to expand our current customer base on a worldwide basis."
Syrei, founded in 1997, is a telecom-consulting firm operating out of the UK and Sweden comprised of senior specialists and experts in the evolving global telecommunications market. Syrei's management and technical experts have successfully delivered professional services to value added service providers, telecom equipment manufactures and operators in more than 40 countries around the world. Syrei is a complete solution provider and a system integrator that is able to accept the total responsibility of large and complex projects. Syrei's consultants have been brought in to advise and aid major corporations and telecom operators like Ericsson, Nokia, 3GIS, ABB, Orange, SonyEricsson, Swedbank, Tele2, TeliaSonera, TIM etc.
About Ariel Way, Inc.
Ariel Way, Inc., a Florida corporation ("Ariel Way" or the "Company"), is a technology and services company for highly secure global communications, multimedia and digital signage solutions and technologies. The Company is focused on developing innovative and secure technologies, acquiring and growing profitable advanced technology companies and global communications service providers and creating strategic alliances with companies in complementary product lines and service industries.
Forward-Looking Statements: Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements," which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward- looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. See the Company's Form 10-KSB for the fiscal year ended September 30, 2006 for a discussion of such risks, uncertainties and other factors. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. These forward- looking statements are based on management's expectations as of the date hereof, and the Company does not undertake any responsibility to update any of these statements in the future.
Posts: 3026 | From: Chicago | Registered: Oct 2005
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pos. moves to 0014 on about 1m in vol, now can't get past 0013 and we are at 35m in vol.
Posts: 3026 | From: Chicago | Registered: Oct 2005
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I have an order in at 0.001, hoping it will drop after the 1st crazyness and then goes up again. But I may have to adjust to 0.0011 -- will see what it does.
Posts: 274 | From: Germantown, MD | Registered: Sep 2005
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Homer, I changed my mind and bought GRXI for 0008 instead of getting AWYI at this point.
Posts: 274 | From: Germantown, MD | Registered: Sep 2005
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Based on the MMs' accumulation history, AWYI will be a good play for the next few weeks. Watch it.
**** Few eyes on this one....
Posted by: Bill Panetta In reply to: None Date:12/17/2007 4:10:40 PM Post #of 4450
AWYI: will be watching for it to come out of consolidation pattern starting 2morrow.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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VIENNA, Va., Dec 18, 2007 /PRNewswire-FirstCall via COMTEX/ -- Ariel Way, Inc. (AWYI) announced today that the Company has signed a Memorandum of Understanding with Noventri, Inc., a Maryland based "one-stop- shop" company for digital signage turnkey solutions, which include consultation, technology, software, content creation and management (). Per the agreement, Noventri will become a strategic partner to Ariel Way and also form part of its management team, and will make available Noventri's top professionals to work hand-in-hand with Ariel Way's executives in many of the areas identified in Ariel Way's Digital Signage Business Plan. Arne Dunhem, Ariel Way president and CEO, said, "We are excited with the prospect of having Noventri as a strategic partner and to have David Linetsky's team of highly skilled professionals, with Massimo Colella as the leader, to be part of our team. They have over more than five years successfully provided advanced dynamic digital signage solutions to many well known customers and locations and has the hands-on experience that we need for our strategy of building a state-of-the-art highly secure Digital Signage Network." David Linetsky, CEO of Noventri, said, "We are looking forward to working with Arne and his team to support Ariel Way's strategy. We believe that we can provide significant experience to Ariel Way's management team and are excited about actively supporting the Digital Signage activities." Noventri has designed, developed and installed dynamic digital signage systems at locations like Delaware Park; Marriott Inner Harbor, Baltimore; Charles Town Races and Slots, West Virginia; Maryland Science Center, Baltimore; Camden Yards, Baltimore; Newseum, Washington D.C.; Baltimore Convention Center; University of Maryland; Penn State University; and Trump Marina, Atlantic City.
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Made 12.5% in the run today. Usually try to make 20% but the bank still can't beat it.
Posts: 288 | From: South Florida | Registered: Oct 2005
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Up another 51% today. Hopefully she has a little left for tomorrow so I can get out with a nice double.
Posts: 712 | Registered: Mar 2006
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Almost looks like a pattern now. Down in the first part of the morning - then back up?!
Posts: 274 | From: Germantown, MD | Registered: Sep 2005
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