HOUSTON, March 31, 2008 -- (PRIME NEWSWIRE) -- Rock Energy Resources, Inc. (OTCBB: RCKE), a producer engaged in the exploration, development and production of crude oil and natural gas, today announced that the company has filed an application for approval to trade its common stock on the American Stock Exchange.
“The application for listing on the American Stock Exchange is a significant milestone for our company, and we are committed to working with the AMEX to meet its listing requirements,” said Rocky Emery, CEO of Rock Energy.
The company also announced that it has selected Cohen Specialists, LLC as its specialist firm.
About Rock Energy Resources, Inc.
Originally formed in April of 2004 as Rock Energy Partners LP, Rock Energy Resources, Inc., is an oil and gas company based in Houston, Texas, that seeks out untapped, onshore natural gas and crude oil resources using cutting-edge 3D technologies. Rock Energy Resources, Inc., currently produces and sells natural gas and crude oil from two locations: the Wilcox trend in Colorado County, Texas, and the Monterey Formation in Santa Barbara County, California.
Safe Harbor Forward-Looking Statements
Forward-looking statements made in this release are made pursuant to the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made herein are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Rock Energy Resources, Inc., and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.
Contact:
Investor Relations:
RedChip Companies, Inc.
Jon Cunningham
1-800-REDCHIP (733-2447), Ext. 107
info@redchip.com
www.redchip.com
At the Company:Rock Energy Resources, Inc.
Rock Emery,
President & CEO
713-954-3600
Monday, March 31, 2008
RedChip Announces 2008 Small-Cap Investor Conference in San Francisco
Monday March 31, 10:41 am ET
CEOs of Participating Companies Will Deliver Presentations June 5, 2008 At the Palace Hotel in San Francisco, California
ORLANDO, Fla., March 31, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, announced today that CEOs and executive teams of 50 emerging small-cap companies will present at the RedChip Small-Cap Investor Conference at the Palace Hotel in San Francisco, Calif., June 5, 2008, from 8 a.m. to 5 p.m.
RedChip investor conferences are a nationally-known forum for emerging small-cap companies to present their stories before hundreds of investment bankers, fund managers, institutional and accredited investors, and research analysts.
The conference features expo-style exhibitions, networking events, and three presentation rooms representing Green Technology, High Technology, and Natural Resources. Financial presentations by small-cap companies will also include industries such as biotechnology, alternative energy, oil & gas, consumer services, business services, manufacturing, laser technology, Internet software & services, and more.
Presenter applications and details on the event are available at http://www.redchip.com. Companies are encouraged to apply no later than May 5, 2008.
Investors all over the world will be able to see and hear presenters at the conference in real time at http://www.redchip.com. Additionally, participating investors will have the opportunity to meet one-on-one with the CEOs of presenting companies.
Pre-qualified registrants are also invited to participate in the Elite Classic Golf Tournament to be held the day before the event, June 4, from 11:30 a.m. to 5 p.m., as well as a dinner reception to be held that evening from 6 p.m. to 8:30 p.m. Reservations are required and are based on a first-come, first-served basis.
The conference will include presentations from GeoPharma Inc. (NasdaqCM:GORX - News), Worldwide Energy and Manufacturing USA Inc. (OTC BB:WEMU.OB - News), Rock Energy Resources (OTC BB:RCKE.OB - News), Bridgeline Software Inc. (NasdaqCM:BLSW - News), ZAGG Inc. (OTC BB:ZAGG.OB - News), Alternative Construction Technologies Inc. (OTC BB: ACCY.OB), Newtek Business Services Inc. (NasdaqGM:NEWT - News), Sharps Compliance Corp. (OTC BB:SCOM.OB - News), Echo Therapeutics Inc. (OTC BB:ECTE.OB - News), Quantum Fuel Systems Technologies Worldwide Inc. (NasdaqGM:QTWW - News), and over 40 other emerging growth companies.
The conference is free for pre-qualified financial professionals. Space is limited; to register online, please visit: http://www.redchip.com/visibility/conferencePages/SanFran2008/conferenceMain.asp?page=attendees or call 1-800-RedChip (733-2447), Ext. 127.
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, RedChip TV(tm), and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp.
``Discovering Tomorrow's Blue Chips Today.''(tm)
The RedChip Companies Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2761
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
CEOs of Participating Companies Will Deliver Presentations June 5, 2008 At the Palace Hotel in San Francisco, California
ORLANDO, Fla., March 31, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, announced today that CEOs and executive teams of 50 emerging small-cap companies will present at the RedChip Small-Cap Investor Conference at the Palace Hotel in San Francisco, Calif., June 5, 2008, from 8 a.m. to 5 p.m.
RedChip investor conferences are a nationally-known forum for emerging small-cap companies to present their stories before hundreds of investment bankers, fund managers, institutional and accredited investors, and research analysts.
The conference features expo-style exhibitions, networking events, and three presentation rooms representing Green Technology, High Technology, and Natural Resources. Financial presentations by small-cap companies will also include industries such as biotechnology, alternative energy, oil & gas, consumer services, business services, manufacturing, laser technology, Internet software & services, and more.
Presenter applications and details on the event are available at http://www.redchip.com. Companies are encouraged to apply no later than May 5, 2008.
Investors all over the world will be able to see and hear presenters at the conference in real time at http://www.redchip.com. Additionally, participating investors will have the opportunity to meet one-on-one with the CEOs of presenting companies.
Pre-qualified registrants are also invited to participate in the Elite Classic Golf Tournament to be held the day before the event, June 4, from 11:30 a.m. to 5 p.m., as well as a dinner reception to be held that evening from 6 p.m. to 8:30 p.m. Reservations are required and are based on a first-come, first-served basis.
The conference will include presentations from GeoPharma Inc. (NasdaqCM:GORX - News), Worldwide Energy and Manufacturing USA Inc. (OTC BB:WEMU.OB - News), Rock Energy Resources (OTC BB:RCKE.OB - News), Bridgeline Software Inc. (NasdaqCM:BLSW - News), ZAGG Inc. (OTC BB:ZAGG.OB - News), Alternative Construction Technologies Inc. (OTC BB: ACCY.OB), Newtek Business Services Inc. (NasdaqGM:NEWT - News), Sharps Compliance Corp. (OTC BB:SCOM.OB - News), Echo Therapeutics Inc. (OTC BB:ECTE.OB - News), Quantum Fuel Systems Technologies Worldwide Inc. (NasdaqGM:QTWW - News), and over 40 other emerging growth companies.
The conference is free for pre-qualified financial professionals. Space is limited; to register online, please visit: http://www.redchip.com/visibility/conferencePages/SanFran2008/conferenceMain.asp?page=attendees or call 1-800-RedChip (733-2447), Ext. 127.
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, RedChip TV(tm), and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp.
``Discovering Tomorrow's Blue Chips Today.''(tm)
The RedChip Companies Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2761
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
Analyst Sharifzadeh Says Alternative Construction Technologies 'Poised for Forefront of SIP's Market', Raises Target Price and Maintains 'Buy/4' Ratin
Monday March 31, 8:54 am ET
NEW YORK--(BUSINESS WIRE)--(Investrend Research Syndicate) In an Investrend Research update report on Alternative Construction Technologies (OTC BB: ACCY.OB) dated March 31, 2008, analyst Mohammad Sharifzadeh, PhD, CFA, has reiterated his ?Buy/4? rating and has increased the company?s price target to $9.90, stating, ?With the strong turn-around in 2007, proprietary patent protected products, and high growth potential, Alternative Construction Technologies is poised to be at the forefront of the SIP?s market.?
The full report on ACCY, including important disclosures, disclaimers, and analyst qualifications is available at http://www.investrendresearch.com, or may be directly accessed via this link: http://www.investrend.com/Admin/Topics/Articles/Resources/652_ 1206965616.pdf (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists). Investors are advised to read report disclosures carefully before trading in the equities of any public company.
In the report, analyst Sharifzadeh summarized:
?ACCY has established a strong competitive advantage in the SIPs market through its patent protected technology and its products with unique qualities. The Company?s aggressive and comprehensive sales and marketing efforts beginning in 2006 resulted in four consecutive quarters of positive and growing earnings in 2007 with improving gross and net margins. ACCY has an experienced management committed to innovation and growth. The management is continuing its merger and acquisitions endeavors aiming to bring more growth potentials to the Company and add value for the shareholders. ACCY is operating in a market that is expected to grow at least at 60% per year over the next five years.
?Investment in ACCY, however, entails some elements of risk. The general building materials industry is highly sensitive to the interest rate and to the economic cycle. If the current slow down in the residential housing starts continues or exacerbates the SIPs market may not grow to as much as anticipated. With 9 years of operating history, the Company has only recently experienced sharp growth, therefore, projection of its future growth and success involves some degree of speculation. The Company?s growth depends on successful internal and external funding of expanded operation, availability of qualified engineers, sales persons, and other qualified personnel. The Company?s growth also depends on the success of its merger and acquisition efforts. It is also possible that in the future competitors might come out with better alternatives and reduce the Company?s market share.?
All Investrend Research reports published for ACCY, including important disclosures and disclaimers, are available via the company?s InvestorPower? Page, posted at Investrend.com (http://www.investrend.com), and directly accessible from http://www.investrend.com/company/list.asp?sPathParam=yes. Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.
The company's website is at http://www.actechpanel.com.
Alternative Construction Company is enrolled in Investrend Research?s pioneering professional research program, which facilitates independent analysts to provide coverage for shareholders in companies that otherwise would have little or no analyst following. Enrollment fees for ACCY?s Investrend-administered research platform were $11,900, and the fees were paid by Mr. John Fischer (a ?Third Party?). Analysts are paid in advance of initial reports by Investrend Research to eliminate pecuniary interest, and neither the analyst nor anyone associated with Investrend Research may own or trade in the stocks of a company under coverage.
Forward-Looking Statements: Statements in this announcement that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results.
To receive alerts regarding Alternative Construction Company research or webcasts, e-mail contact@investrend.com with ?ACCY? in the subject line.
The Investrend Research Syndicate distributes reports published by sources dedicated to unbiased, reliable analytics and complete transparency. The primary measure for determining those sources is the ?Standards for Independent Research Providers? (http://www.firstresearchconsortium.com/standards.html). The Investrend Research Syndicate is a proprietary entity of Investrend Communications, Inc.- a financial intelligence and information firm, serving the financial community with neutral platforms and fundamentally-based material since 1996.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
NEW YORK--(BUSINESS WIRE)--(Investrend Research Syndicate) In an Investrend Research update report on Alternative Construction Technologies (OTC BB: ACCY.OB) dated March 31, 2008, analyst Mohammad Sharifzadeh, PhD, CFA, has reiterated his ?Buy/4? rating and has increased the company?s price target to $9.90, stating, ?With the strong turn-around in 2007, proprietary patent protected products, and high growth potential, Alternative Construction Technologies is poised to be at the forefront of the SIP?s market.?
The full report on ACCY, including important disclosures, disclaimers, and analyst qualifications is available at http://www.investrendresearch.com, or may be directly accessed via this link: http://www.investrend.com/Admin/Topics/Articles/Resources/652_ 1206965616.pdf (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists). Investors are advised to read report disclosures carefully before trading in the equities of any public company.
In the report, analyst Sharifzadeh summarized:
?ACCY has established a strong competitive advantage in the SIPs market through its patent protected technology and its products with unique qualities. The Company?s aggressive and comprehensive sales and marketing efforts beginning in 2006 resulted in four consecutive quarters of positive and growing earnings in 2007 with improving gross and net margins. ACCY has an experienced management committed to innovation and growth. The management is continuing its merger and acquisitions endeavors aiming to bring more growth potentials to the Company and add value for the shareholders. ACCY is operating in a market that is expected to grow at least at 60% per year over the next five years.
?Investment in ACCY, however, entails some elements of risk. The general building materials industry is highly sensitive to the interest rate and to the economic cycle. If the current slow down in the residential housing starts continues or exacerbates the SIPs market may not grow to as much as anticipated. With 9 years of operating history, the Company has only recently experienced sharp growth, therefore, projection of its future growth and success involves some degree of speculation. The Company?s growth depends on successful internal and external funding of expanded operation, availability of qualified engineers, sales persons, and other qualified personnel. The Company?s growth also depends on the success of its merger and acquisition efforts. It is also possible that in the future competitors might come out with better alternatives and reduce the Company?s market share.?
All Investrend Research reports published for ACCY, including important disclosures and disclaimers, are available via the company?s InvestorPower? Page, posted at Investrend.com (http://www.investrend.com), and directly accessible from http://www.investrend.com/company/list.asp?sPathParam=yes. Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.
The company's website is at http://www.actechpanel.com.
Alternative Construction Company is enrolled in Investrend Research?s pioneering professional research program, which facilitates independent analysts to provide coverage for shareholders in companies that otherwise would have little or no analyst following. Enrollment fees for ACCY?s Investrend-administered research platform were $11,900, and the fees were paid by Mr. John Fischer (a ?Third Party?). Analysts are paid in advance of initial reports by Investrend Research to eliminate pecuniary interest, and neither the analyst nor anyone associated with Investrend Research may own or trade in the stocks of a company under coverage.
Forward-Looking Statements: Statements in this announcement that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results.
To receive alerts regarding Alternative Construction Company research or webcasts, e-mail contact@investrend.com with ?ACCY? in the subject line.
The Investrend Research Syndicate distributes reports published by sources dedicated to unbiased, reliable analytics and complete transparency. The primary measure for determining those sources is the ?Standards for Independent Research Providers? (http://www.firstresearchconsortium.com/standards.html). The Investrend Research Syndicate is a proprietary entity of Investrend Communications, Inc.- a financial intelligence and information firm, serving the financial community with neutral platforms and fundamentally-based material since 1996.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
Rock Energy Resources, Inc. Announces Equity Financing of $40 Million
Monday March 31, 8:00 am ET
HOUSTON, March 31, 2008 (PRIME NEWSWIRE) -- Rock Energy Resources, Inc. (OTC BB: RCKE.OB), a producer engaged in the exploration, development and production of crude oil and natural gas, today announced that the company has entered into an agreement with Perm Energy Advisors Inc. for $40 million of equity financing, which will provide Rock Energy Resources, Inc. with working capital needed for the next 12 months.
``This is a big step for the company as we begin to execute our development plans for the California and Texas properties,'' said Rocky Emery, CEO of Rock Energy Resources, Inc.
Rock Energy Resources, Inc. plans to use the funding provided by Perm Energy Advisors Inc. to continue its operations and drilling projects in the Wilcox Trend in Colorado County, Texas, and at its Orcutt property in Santa Barbara County, California. The company also plans to pursue other strategic acquisitions to expand its reserve base and current cash flow.
Source Capital Group Inc. was the investment banker on the transaction.
About Rock Energy Resources, Inc.
Originally formed in April of 2004 as Rock Energy Partners LP, Rock Energy Resources, Inc. is an oil and gas company based in Houston, Texas, that seeks out untapped, onshore natural gas and crude oil resources using cutting-edge 3D technologies. Rock Energy Resources, Inc. currently produces and sells natural gas and crude oil from two locations: the Wilcox trend in Colorado County, Texas, and the Monterey Formation in Santa Barbara County, California.
Safe Harbor Forward-Looking Statements
Forward-looking statements made in this release are made pursuant to the ``safe harbor'' provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made herein are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Rock Energy Resources, Inc., and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
HOUSTON, March 31, 2008 (PRIME NEWSWIRE) -- Rock Energy Resources, Inc. (OTC BB: RCKE.OB), a producer engaged in the exploration, development and production of crude oil and natural gas, today announced that the company has entered into an agreement with Perm Energy Advisors Inc. for $40 million of equity financing, which will provide Rock Energy Resources, Inc. with working capital needed for the next 12 months.
``This is a big step for the company as we begin to execute our development plans for the California and Texas properties,'' said Rocky Emery, CEO of Rock Energy Resources, Inc.
Rock Energy Resources, Inc. plans to use the funding provided by Perm Energy Advisors Inc. to continue its operations and drilling projects in the Wilcox Trend in Colorado County, Texas, and at its Orcutt property in Santa Barbara County, California. The company also plans to pursue other strategic acquisitions to expand its reserve base and current cash flow.
Source Capital Group Inc. was the investment banker on the transaction.
About Rock Energy Resources, Inc.
Originally formed in April of 2004 as Rock Energy Partners LP, Rock Energy Resources, Inc. is an oil and gas company based in Houston, Texas, that seeks out untapped, onshore natural gas and crude oil resources using cutting-edge 3D technologies. Rock Energy Resources, Inc. currently produces and sells natural gas and crude oil from two locations: the Wilcox trend in Colorado County, Texas, and the Monterey Formation in Santa Barbara County, California.
Safe Harbor Forward-Looking Statements
Forward-looking statements made in this release are made pursuant to the ``safe harbor'' provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made herein are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Rock Energy Resources, Inc., and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
QPC Lasers Announces 8th Issued Patent
Monday March 31, 6:30 am ET
Company Further Protects Intellectual Property Portfolio
SYLMAR, Calif.--(BUSINESS WIRE)--QPC Lasers, Inc. (OTC BB: QPCI.OB) ?QPC,? a world leader in the design and manufacture of high brightness, high power semiconductor lasers for the consumer electronics, industrial, defense, and medical markets, announces that it was granted a new patent from the United States Patent and Trademark Office. The company now holds eight issued patents and eight patents pending.
Patent number US 7342951, titled ?Laser Diode With Monolithic Intra-Cavity Difference Frequency Generator,? protects a concept unique to QPC for a new architecture using nonlinear optical frequency converters integrated onto the source chip to create new infrared output frequencies.
?This is the second patent we?ve announced this year, further expanding and protecting our intellectual property portfolio which is important as we continue to develop new technologies in areas relevant to important new product developments,? said President and CEO, Jeff Ungar, Ph.D. ?There are a number of technologies unique to QPC and we will continue to add to our already strong portfolio of patents and trade secrets to further protect the competitive advantages of our products, thereby preserving our leadership position in the high power laser diode market.?
Forward Looking Statements
This release and other materials released by the Company from time to time contain or may contain forward looking statements and information that are based upon beliefs of, and information currently available to, the Company's management as well as estimates and assumptions made by the Company's management. When used in the materials the words "anticipate", "believe", "estimate", "expect", "future", "intend", "plan" or the negative of these terms and similar expressions as they relate to the Company or the Company's management identify forward looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the sections of the Company's reports filed with the Securities and Exchange Commission entitled "Risk Factors") relating to the Company's industry, the Company's operations and results of operations and any businesses that may be acquired by the Company. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. The following discussion should be read in conjunction with the Company's reports filed with the Securities and Exchange Commission.
About QPC Lasers, Inc.
QPC Lasers, Inc. (www.QPClasers.com) is a world leader in the development, manufacture and distribution of high-brightness, high-power semiconductor lasers for the consumer electronics, defense, homeland security, industrial, and medical markets. Founded in the year 2000, QPC is vertically integrated from epitaxy through packaging and performs all critical fabrication processes at its state-of-the-art high-technology facility in the Los Angeles suburb of Sylmar, CA. QPC is a publicly traded U.S. company (OTC BB: QPCI.OB) and is ISO certified.
To receive public information, including press releases, conference calls, SEC filings, profiles, investor kits, News Alerts and other pertinent information please click on the following link: http://www.b2i.us/irpass.asp?BzID=1392&to=ea&Nav=0&S=0&L=1
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
Company Further Protects Intellectual Property Portfolio
SYLMAR, Calif.--(BUSINESS WIRE)--QPC Lasers, Inc. (OTC BB: QPCI.OB) ?QPC,? a world leader in the design and manufacture of high brightness, high power semiconductor lasers for the consumer electronics, industrial, defense, and medical markets, announces that it was granted a new patent from the United States Patent and Trademark Office. The company now holds eight issued patents and eight patents pending.
Patent number US 7342951, titled ?Laser Diode With Monolithic Intra-Cavity Difference Frequency Generator,? protects a concept unique to QPC for a new architecture using nonlinear optical frequency converters integrated onto the source chip to create new infrared output frequencies.
?This is the second patent we?ve announced this year, further expanding and protecting our intellectual property portfolio which is important as we continue to develop new technologies in areas relevant to important new product developments,? said President and CEO, Jeff Ungar, Ph.D. ?There are a number of technologies unique to QPC and we will continue to add to our already strong portfolio of patents and trade secrets to further protect the competitive advantages of our products, thereby preserving our leadership position in the high power laser diode market.?
Forward Looking Statements
This release and other materials released by the Company from time to time contain or may contain forward looking statements and information that are based upon beliefs of, and information currently available to, the Company's management as well as estimates and assumptions made by the Company's management. When used in the materials the words "anticipate", "believe", "estimate", "expect", "future", "intend", "plan" or the negative of these terms and similar expressions as they relate to the Company or the Company's management identify forward looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the sections of the Company's reports filed with the Securities and Exchange Commission entitled "Risk Factors") relating to the Company's industry, the Company's operations and results of operations and any businesses that may be acquired by the Company. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. The following discussion should be read in conjunction with the Company's reports filed with the Securities and Exchange Commission.
About QPC Lasers, Inc.
QPC Lasers, Inc. (www.QPClasers.com) is a world leader in the development, manufacture and distribution of high-brightness, high-power semiconductor lasers for the consumer electronics, defense, homeland security, industrial, and medical markets. Founded in the year 2000, QPC is vertically integrated from epitaxy through packaging and performs all critical fabrication processes at its state-of-the-art high-technology facility in the Los Angeles suburb of Sylmar, CA. QPC is a publicly traded U.S. company (OTC BB: QPCI.OB) and is ISO certified.
To receive public information, including press releases, conference calls, SEC filings, profiles, investor kits, News Alerts and other pertinent information please click on the following link: http://www.b2i.us/irpass.asp?BzID=1392&to=ea&Nav=0&S=0&L=1
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
Quantum to Supply Modular Hydrogen Refueling Station to Shell Hydrogen
Monday March 31, 6:00 am ET
IRVINE, Calif., March 31 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc., (NasdaqGM: QTWW) today announced that it has been awarded a contract from Shell Hydrogen LLC for a modular hydrogen refueling station. The unit will be sited by Shell Hydrogen at a yet to be determined location within the United States.
Quantum will supply one of its modular, portable, and transportable hydrogen refueling stations together with a hydrogen storage cascade. The system incorporates an oil-free gas compression system to deliver hydrogen at high-pressure from the storage cascade. This refueling appliance will provide both 35 MPa (5,000 psi) and 70 MPa (10,000 psi) fill capabilities.
"Quantum's hydrogen refueling stations, integral elements of our alternative energy product portfolio, are cost-effective, just-in-time modular solutions to deliver hydrogen to hydrogen powered vehicles as their demand continues to grow around the world. We are pleased to support Shell Hydrogen in its efforts to establish the foundation of a hydrogen refueling network," said Alan P. Niedzwiecki, President and CEO. "Our modular hydrogen refueling stations are designed to support our customers as they advance their hydrogen and fuel cell vehicle initiatives."
About Quantum:
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems, and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, dealer networks, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.
Quantum has also formed a new company with Fisker Coachbuild, LLC, which is called Fisker Automotive, Inc. Fisker Automotive will offer a range of environmentally friendly premium cars, incorporating Quantum's proprietary high-performance plug-in-hybrid electric vehicle architecture, known as "Q-Drive," into a unique chassis that will enable optimizing the performance and vehicle dynamics.
More information can be found about Quantum's products and services at http://www.qtww.com.
Forward Looking Statements
Except for historical information, the statements, expectations, and assumptions contained in the foregoing press release are forward-looking statements. Such forward-looking statements include, but are not limited to, the Company's expectations regarding expected future revenues and operating results; future opportunities for Quantum; the Company's ability to fulfill orders in the future; and other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management. Such statements are subject to a number of risks and uncertainties, and actual results could differ materially from those discussed in any forward-looking statement. Factors that could cause actual results to differ materially from such forward-looking statements include, among other factors, prevailing market conditions; the Company's ability to design and market automotive products; the Company's ability to meet customer specifications and qualification requirements; availability of component parts and raw materials that meet the Company's requirements; and the Company's ability to source alternative materials and suppliers. Reference should also be made to the risk factors set forth from time to time in the Company's SEC reports, including but not limited to those contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2007. The Company does not undertake to update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized.
For more information regarding Quantum, please contact:
Dale Rasmussen
Investor Relations
Email: DRasmussen@qtww.com
+1-206-315-8242
Investor Relations:
RedChip Companies, Inc.
Sanford Diday
1-800-REDCHIP
1-407-644-4256 x 115
info@redchip.com
http://www.redchip.com
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
IRVINE, Calif., March 31 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc., (NasdaqGM: QTWW) today announced that it has been awarded a contract from Shell Hydrogen LLC for a modular hydrogen refueling station. The unit will be sited by Shell Hydrogen at a yet to be determined location within the United States.
Quantum will supply one of its modular, portable, and transportable hydrogen refueling stations together with a hydrogen storage cascade. The system incorporates an oil-free gas compression system to deliver hydrogen at high-pressure from the storage cascade. This refueling appliance will provide both 35 MPa (5,000 psi) and 70 MPa (10,000 psi) fill capabilities.
"Quantum's hydrogen refueling stations, integral elements of our alternative energy product portfolio, are cost-effective, just-in-time modular solutions to deliver hydrogen to hydrogen powered vehicles as their demand continues to grow around the world. We are pleased to support Shell Hydrogen in its efforts to establish the foundation of a hydrogen refueling network," said Alan P. Niedzwiecki, President and CEO. "Our modular hydrogen refueling stations are designed to support our customers as they advance their hydrogen and fuel cell vehicle initiatives."
About Quantum:
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems, and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, dealer networks, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.
Quantum has also formed a new company with Fisker Coachbuild, LLC, which is called Fisker Automotive, Inc. Fisker Automotive will offer a range of environmentally friendly premium cars, incorporating Quantum's proprietary high-performance plug-in-hybrid electric vehicle architecture, known as "Q-Drive," into a unique chassis that will enable optimizing the performance and vehicle dynamics.
More information can be found about Quantum's products and services at http://www.qtww.com.
Forward Looking Statements
Except for historical information, the statements, expectations, and assumptions contained in the foregoing press release are forward-looking statements. Such forward-looking statements include, but are not limited to, the Company's expectations regarding expected future revenues and operating results; future opportunities for Quantum; the Company's ability to fulfill orders in the future; and other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management. Such statements are subject to a number of risks and uncertainties, and actual results could differ materially from those discussed in any forward-looking statement. Factors that could cause actual results to differ materially from such forward-looking statements include, among other factors, prevailing market conditions; the Company's ability to design and market automotive products; the Company's ability to meet customer specifications and qualification requirements; availability of component parts and raw materials that meet the Company's requirements; and the Company's ability to source alternative materials and suppliers. Reference should also be made to the risk factors set forth from time to time in the Company's SEC reports, including but not limited to those contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2007. The Company does not undertake to update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized.
For more information regarding Quantum, please contact:
Dale Rasmussen
Investor Relations
Email: DRasmussen@qtww.com
+1-206-315-8242
Investor Relations:
RedChip Companies, Inc.
Sanford Diday
1-800-REDCHIP
1-407-644-4256 x 115
info@redchip.com
http://www.redchip.com
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
CORRECTING and REPLACING -- RedChip Visibility Issues 3QFY08 Research Report Update On GeoPharma
Friday March 28, 5:30 pm ET
ORLANDO, Fla., March 28, 2008 (PRIME NEWSWIRE) -- In a release issued on March 13, 2008, note that in the third paragraph, the new diagnostic test is for the early detection of ovarian cancer and not cervical cancer as previously stated. The corrected release follows.
RedChip Visibility, a division of RedChip Companies, Inc., today announced it has issued a third quarter fiscal 2008 research report update for GeoPharma, Inc. (NasdaqCM: GORX), a company specializing in the manufacture and distribution of over-the-counter, nutritional, generic drug and functional food products.
Andre Garnet, MBA, RedChip Research Analyst, reported:
``The Company's growth strategy in the generic drugs area is to capitalize on its product selection and manufacturing expertise to develop high-margin generic or novel drugs for niche markets with high barriers to entry. The Company is poised for rapid revenue and earnings growth as it expands operations and prepares to launch over a dozen new generic drugs within two years.''
``The Company also confirmed during a conference call on February 14, 2008, that it is preparing to meet with the FDA for discussions about beginning clinical trials of its new diagnostic test intended for the early detection of ovarian cancer. We view this as a major development given the large potential market for such a test. Management stated that it plans to develop and commercialize this product in-house as opposed to out-licensing it, which means that the Company intends to take full advantage of this business opportunity,'' Garnet continued in the report.
``We leave unchanged our Speculative Buy recommendation and our price target of $8.00 for GORX,'' he concluded.
To receive a complimentary copy of the RedChip Visibility Third Quarter Research Report for GeoPharma, Inc., please visit:
http://www.redchip.com/visibility/about.asp?page=vreport&reportid=92&from=03102008news
To learn more about GeoPharma, visit http://www.visualwebcaster.com/REDCHIP/45650/event.html to view the company's webcast presentation, delivered at RedChip's Small-Cap Investor conference in Scottsdale, Arizona, Feb. 7, 2008.
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. Dedicated to ``Discovering Tomorrow's Blue Chips Today,''(tm) RedChip delivers concrete, measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products and services, which include RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, RedChip TV(tm) and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp
The RedChip Companies Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2761
DISCLOSURE:
The analyst(s) contributing to this report do not hold any shares of GORX. Additionally, the analyst(s) contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and is not purported to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed therein are subject to change.GeoPharma, Inc. paid RedChip Visibility $49,000 for 12 months of the RedChip Visibility Research Program services, which includes this equity research report.
To the fullest extent permissible under applicable law, RedChip Companies, Inc., will not be liable to you or anyone else for the quality, accuracy, completeness, reliability or timeliness of this information. To the fullest extent permitted by law, RedChip Companies, Inc., will not be liable to you or anyone else under any tort, contract, negligence, strict negligence, strict liability, products liability or other theory with respect to this presentation of information.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
ORLANDO, Fla., March 28, 2008 (PRIME NEWSWIRE) -- In a release issued on March 13, 2008, note that in the third paragraph, the new diagnostic test is for the early detection of ovarian cancer and not cervical cancer as previously stated. The corrected release follows.
RedChip Visibility, a division of RedChip Companies, Inc., today announced it has issued a third quarter fiscal 2008 research report update for GeoPharma, Inc. (NasdaqCM: GORX), a company specializing in the manufacture and distribution of over-the-counter, nutritional, generic drug and functional food products.
Andre Garnet, MBA, RedChip Research Analyst, reported:
``The Company's growth strategy in the generic drugs area is to capitalize on its product selection and manufacturing expertise to develop high-margin generic or novel drugs for niche markets with high barriers to entry. The Company is poised for rapid revenue and earnings growth as it expands operations and prepares to launch over a dozen new generic drugs within two years.''
``The Company also confirmed during a conference call on February 14, 2008, that it is preparing to meet with the FDA for discussions about beginning clinical trials of its new diagnostic test intended for the early detection of ovarian cancer. We view this as a major development given the large potential market for such a test. Management stated that it plans to develop and commercialize this product in-house as opposed to out-licensing it, which means that the Company intends to take full advantage of this business opportunity,'' Garnet continued in the report.
``We leave unchanged our Speculative Buy recommendation and our price target of $8.00 for GORX,'' he concluded.
To receive a complimentary copy of the RedChip Visibility Third Quarter Research Report for GeoPharma, Inc., please visit:
http://www.redchip.com/visibility/about.asp?page=vreport&reportid=92&from=03102008news
To learn more about GeoPharma, visit http://www.visualwebcaster.com/REDCHIP/45650/event.html to view the company's webcast presentation, delivered at RedChip's Small-Cap Investor conference in Scottsdale, Arizona, Feb. 7, 2008.
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. Dedicated to ``Discovering Tomorrow's Blue Chips Today,''(tm) RedChip delivers concrete, measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products and services, which include RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, RedChip TV(tm) and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp
The RedChip Companies Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2761
DISCLOSURE:
The analyst(s) contributing to this report do not hold any shares of GORX. Additionally, the analyst(s) contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and is not purported to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed therein are subject to change.GeoPharma, Inc. paid RedChip Visibility $49,000 for 12 months of the RedChip Visibility Research Program services, which includes this equity research report.
To the fullest extent permissible under applicable law, RedChip Companies, Inc., will not be liable to you or anyone else for the quality, accuracy, completeness, reliability or timeliness of this information. To the fullest extent permitted by law, RedChip Companies, Inc., will not be liable to you or anyone else under any tort, contract, negligence, strict negligence, strict liability, products liability or other theory with respect to this presentation of information.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
Friday, March 28, 2008
SpaceDev Reports Year-End 2007 Results
Friday March 28, 1:17 pm ET
Revenue Increases With Improved Gross Margins, Operating Income, Net Loss and Adjusted EBITDA
POWAY, CA--(MARKET WIRE)--Mar 28, 2008 -- SpaceDev, Inc. (OTC BB: SPDV.OB) reported its financial results for the year ending December 31, 2007 with revenue of $34.7 million, an increase of over $2 million from 2006. Gross Margin increased to over 25% of net sales, a gain of over 4 percentage points, and Income from Operations improved by over $1 million. Net loss was reduced by $700,000. The Company also experienced Adjusted EBITDA for the year of approximately $1.8 million, an increase of over $1.6 million from 2006.
"SpaceDev continued to show operational and financial progress in 2007," said Mark N. Sirangelo, SpaceDev's Chairman and Chief Executive Officer. "We are remaining focused on building an integrated mid-market aerospace company. Despite unexpected conditions, such as the firestorms in San Diego last year that challenged us, we are progressing well as a company."
The Company's primary financial information is shown below. The discussion of the Company's financial results should be read in conjunction with the Company's Form 10-KSB filed with the Securities and Exchange Commission.
SpaceDev reported net sales of $34.7 million for the year ended December 31, 2007, an increase of $2.1 million, or 6%, from the $32.6 million in net sales reported for 2006.
The Company realized a Gross Margin of approximately $8.8 million, or 25.4% of net sales, for 2007, compared to a Gross Margin of $6.8 million, or 21.0% of net sales, in 2006, an increase of $2 million, or 4.4 percentage points. SpaceDev also realized Income from Operations of $116,000 in 2007, compared to an Operating Loss of $974,000 for 2006, a positive change of approximately $1.1 million. Net Loss for the year ended December 31, 2007 was ($273,000), or ($0.03) per common share, compared to a Net Loss of ($973,000), or ($0.06) per common share, for the same period in 2006, an increase of $0.03 per share. For 2007, the Company's Adjusted EBITDA (see explanation note below) increased to $1.8 million compared to an Adjusted EBITDA of $142,000 for the same period in 2006, an increase of $1.6 million.
Cash reserves and cash available for investment increased to $6.5 million at December 31, 2007, compared to $1.4 million at December 31, 2006. Cash plus accounts receivable increased from $8.7 million at December 31, 2006 to $13.0 million at December 31, 2007, an increase of over $4.2 million. The working capital ratio at December 31, 2007 was 2.0 compared to 1.2 at December 31, 2006.
Year-End Conference Call Details
SpaceDev will host a conference call on March 31, 2008 at 11:30 a.m. EDT to discuss the year-end results. All those interested in hearing management's discussion are invited to join the call by dialing (866) 289-3234 and entering the PIN 8832 when prompted. A replay of the conference call will be available for seven days through the Investors section of SpaceDev's web site, www.spacedev.com.
For more information on SpaceDev, please review the Company's filings on the SEC's website at www.sec.gov or at www.spacedev.com.
About SpaceDev
SpaceDev, Inc. is a space technology/aerospace company that creates and sells affordable and innovative space products and mission solutions. For more information, visit www.spacedev.com.
Except for factual statements made herein, this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words such as "believe," "intends," "expects," "plans," "anticipates" and variations thereof, identify forward-looking statements, although their absence does not mean that a statement is not forward looking. Forward-looking statements are based on the Company's current expectations, and are not guarantees of performance. The Company's actual results could differ materially from its current expectations. Factors that could contribute to such differences include risks and uncertainties associated with: the Company's ability to effectively integrate acquisitions; rescheduling or cancellation of customer orders; uncertainties in the government budgeting process; ability to control costs and expenses; and larger competitors' competitive advantages. Reference is also made to other factors described in the Company's periodic reports filed with the SEC, including the Company's most current Annual Report on Form 10-KSB. These forward-looking statements speak only as of the date of this release. SpaceDev does not intend to update these forward-looking statements.
Revenue Increases With Improved Gross Margins, Operating Income, Net Loss and Adjusted EBITDA
POWAY, CA--(MARKET WIRE)--Mar 28, 2008 -- SpaceDev, Inc. (OTC BB: SPDV.OB) reported its financial results for the year ending December 31, 2007 with revenue of $34.7 million, an increase of over $2 million from 2006. Gross Margin increased to over 25% of net sales, a gain of over 4 percentage points, and Income from Operations improved by over $1 million. Net loss was reduced by $700,000. The Company also experienced Adjusted EBITDA for the year of approximately $1.8 million, an increase of over $1.6 million from 2006.
"SpaceDev continued to show operational and financial progress in 2007," said Mark N. Sirangelo, SpaceDev's Chairman and Chief Executive Officer. "We are remaining focused on building an integrated mid-market aerospace company. Despite unexpected conditions, such as the firestorms in San Diego last year that challenged us, we are progressing well as a company."
The Company's primary financial information is shown below. The discussion of the Company's financial results should be read in conjunction with the Company's Form 10-KSB filed with the Securities and Exchange Commission.
SpaceDev reported net sales of $34.7 million for the year ended December 31, 2007, an increase of $2.1 million, or 6%, from the $32.6 million in net sales reported for 2006.
The Company realized a Gross Margin of approximately $8.8 million, or 25.4% of net sales, for 2007, compared to a Gross Margin of $6.8 million, or 21.0% of net sales, in 2006, an increase of $2 million, or 4.4 percentage points. SpaceDev also realized Income from Operations of $116,000 in 2007, compared to an Operating Loss of $974,000 for 2006, a positive change of approximately $1.1 million. Net Loss for the year ended December 31, 2007 was ($273,000), or ($0.03) per common share, compared to a Net Loss of ($973,000), or ($0.06) per common share, for the same period in 2006, an increase of $0.03 per share. For 2007, the Company's Adjusted EBITDA (see explanation note below) increased to $1.8 million compared to an Adjusted EBITDA of $142,000 for the same period in 2006, an increase of $1.6 million.
Cash reserves and cash available for investment increased to $6.5 million at December 31, 2007, compared to $1.4 million at December 31, 2006. Cash plus accounts receivable increased from $8.7 million at December 31, 2006 to $13.0 million at December 31, 2007, an increase of over $4.2 million. The working capital ratio at December 31, 2007 was 2.0 compared to 1.2 at December 31, 2006.
Year-End Conference Call Details
SpaceDev will host a conference call on March 31, 2008 at 11:30 a.m. EDT to discuss the year-end results. All those interested in hearing management's discussion are invited to join the call by dialing (866) 289-3234 and entering the PIN 8832 when prompted. A replay of the conference call will be available for seven days through the Investors section of SpaceDev's web site, www.spacedev.com.
For more information on SpaceDev, please review the Company's filings on the SEC's website at www.sec.gov or at www.spacedev.com.
About SpaceDev
SpaceDev, Inc. is a space technology/aerospace company that creates and sells affordable and innovative space products and mission solutions. For more information, visit www.spacedev.com.
Except for factual statements made herein, this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words such as "believe," "intends," "expects," "plans," "anticipates" and variations thereof, identify forward-looking statements, although their absence does not mean that a statement is not forward looking. Forward-looking statements are based on the Company's current expectations, and are not guarantees of performance. The Company's actual results could differ materially from its current expectations. Factors that could contribute to such differences include risks and uncertainties associated with: the Company's ability to effectively integrate acquisitions; rescheduling or cancellation of customer orders; uncertainties in the government budgeting process; ability to control costs and expenses; and larger competitors' competitive advantages. Reference is also made to other factors described in the Company's periodic reports filed with the SEC, including the Company's most current Annual Report on Form 10-KSB. These forward-looking statements speak only as of the date of this release. SpaceDev does not intend to update these forward-looking statements.
Non-GAAP Financial Measures and Adjusted EBITDA
This release contains disclosure of Adjusted EBITDA, which is a non-GAAP financial measure within the meaning of Regulation G promulgated by the Securities and Exchange Commission. The definition of Adjusted EBITDA used to calculate the Adjusted EBITDA figures presented above, while generally consistent with the most common definition used by investors and financial analysts, may not be comparable to similarly titled measures reported by other companies. The Company believes that Adjusted EBITDA provides an important additional perspective on its operating results, its ability to service its long-term obligations, its ability to fund continuing growth, and its ability to continue as a going concern. The Company's management regularly evaluates its progress based on Adjusted EBITDA. The Company believes that Adjusted EBITDA, while providing useful information, should not be considered in isolation or as an alternative to other financial measures determined under GAAP, such as net income or loss (as an indicator of operating performance).
Adjusted EBITDA was approximately $1.8 million, or 5.1% of revenue, compared to an Adjusted EBITDA of approximately $142,000, or 0.4% of revenue, for 2006. Adjusted EBITDA is net income before interest, taxes, depreciation, amortization, loan fees on our revolving credit facility, stock option expense, and gain on the 2003 sale of SpaceDev's headquarters building in Poway, CA. Not every company calculates Adjusted EBITDA in the same way.
The following table reconciles Adjusted EBITDA to net loss for the years ended December 31, 2007 and 2006:
For Further Information, Contact:
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
RedChip Visibility Drops Coverage on ZYTO Corporation
ORLANDO, Fla., March 28, 2008 -- (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies Inc., announced that it has dropped research coverage and investor relations services on ZYTO Corporation (Other-OTC: ZYTC).
RedChip has dropped coverage on ZYTO Corp. until such time the company meets the requirements for trading on the OTC Bulletin Board and until RedChip learns more about the alleged unsolicited text messaging promotions of ZYTC stock.
RedChip is not and will not affiliate with anyone who engages in any investor relations activity that uses false and misleading advertising, including text messaging spam. Furthermore, RedChip will not represent any company who has become a target of this practice in any capacity.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers concrete, measurable results for its clients through its extensive international market expertise, as well as its comprehensive platform of products and services, which include RedChip Research™, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, and RedChip Radio™. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp
Disclosure
The analysts contributing to the equity research report do not hold any shares of ZYTC. RedChip certifies that no part of the analysts’ compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Additional information on the securities mentioned in the research report is available upon request. The research report is based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and is not purported to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. ZYTC was a client of the RedChip Companies Inc., and of RedChip Visibility, a division of RedChip Companies. A ZYTC affiliate paid RedChip Visibility $36,000 for the RedChip Visibility Research Program, which included equity research services. RedChip Visibility, a division of RedChip Companies, Inc. was contracted by a third party with the company’s consent to increase investor awareness of ZYTC to the small-cap equity community. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader’s attention to the fact that the RedChip Companies Inc. is an investor relations firm hired by the Company and received a quarterly fee of 45,000 shares of free trading stock. As of March 27, 2008, RedChip is no longer providing any services to ZYTC.
Contact:
RedChip Companies, Inc.
1-800-RED-CHIP (733-2447)
Info@redchip.com
www.redchip.com
RedChip has dropped coverage on ZYTO Corp. until such time the company meets the requirements for trading on the OTC Bulletin Board and until RedChip learns more about the alleged unsolicited text messaging promotions of ZYTC stock.
RedChip is not and will not affiliate with anyone who engages in any investor relations activity that uses false and misleading advertising, including text messaging spam. Furthermore, RedChip will not represent any company who has become a target of this practice in any capacity.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers concrete, measurable results for its clients through its extensive international market expertise, as well as its comprehensive platform of products and services, which include RedChip Research™, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, and RedChip Radio™. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp
Disclosure
The analysts contributing to the equity research report do not hold any shares of ZYTC. RedChip certifies that no part of the analysts’ compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Additional information on the securities mentioned in the research report is available upon request. The research report is based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and is not purported to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. ZYTC was a client of the RedChip Companies Inc., and of RedChip Visibility, a division of RedChip Companies. A ZYTC affiliate paid RedChip Visibility $36,000 for the RedChip Visibility Research Program, which included equity research services. RedChip Visibility, a division of RedChip Companies, Inc. was contracted by a third party with the company’s consent to increase investor awareness of ZYTC to the small-cap equity community. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader’s attention to the fact that the RedChip Companies Inc. is an investor relations firm hired by the Company and received a quarterly fee of 45,000 shares of free trading stock. As of March 27, 2008, RedChip is no longer providing any services to ZYTC.
Contact:
RedChip Companies, Inc.
1-800-RED-CHIP (733-2447)
Info@redchip.com
www.redchip.com
Cubic Energy, Inc. Delineates 2.5 Trillion Cubic Feet of Original Gas in Place in Cubic's Johnson Branch Acreage
Friday March 28, 9:00 am ET
DALLAS, March 28, 2008 (PRIME NEWSWIRE) -- Cubic Energy, Inc. (OTC BB: QBIK.OB) announces today receipt of an independent report, prepared by a qualified reservoir engineer, estimating original gas in place (OGIP) for Cotton Valley (CV) sandstones and Bossier/Haynesville (BH) shales in Cubic's Johnson Branch acreage (comprising the majority of each of twelve 640-acre sections) located in Caddo Parish, Louisiana. The estimates received indicate OGIP for the BH ranges from 217 to 245 BCF/section. The estimates also indicate OGIP of 20 BCF/section for the CV. Cubic has a 49% working interest in its Johnson Branch acreage.
In its Johnson Branch acreage, Cubic has drilled twelve wells through the CV, with three of these wells penetrating deeper through the BH shales. To date, eight Johnson Branch wells have been completed as gas producers in Cotton Valley (CV) sandstones.
Additionally, Cubic has eight producing wells in the CV and Hosston formations of its Bethany Longstreet acreage.
Cubic Energy, Inc. is an independent company engaged in the development and production of, and exploration for, crude oil and natural gas. The Company's oil and gas assets and activity are concentrated primarily in Texas and Louisiana.
The Cubic Energy logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1243
This press release includes statements, which may constitute ``forward-looking'' statements, usually containing the words ''believe``, ''estimate``, ''project``, ''expect``, or similar expressions. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in mineral prices, the availability of capital for development of mineral projects and other projects, dependency on pipelines in which to sell the Company's natural gas it produces, reliance on third party contractors to aid in developing the production infrastructure and in the performance of well completion work, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revision or changes after the date of this release. There can be no assurance that any future activities and/or transactions mentioned in this press release will occur as planned. Cubic can not guarantee any level of production from its wells
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
DALLAS, March 28, 2008 (PRIME NEWSWIRE) -- Cubic Energy, Inc. (OTC BB: QBIK.OB) announces today receipt of an independent report, prepared by a qualified reservoir engineer, estimating original gas in place (OGIP) for Cotton Valley (CV) sandstones and Bossier/Haynesville (BH) shales in Cubic's Johnson Branch acreage (comprising the majority of each of twelve 640-acre sections) located in Caddo Parish, Louisiana. The estimates received indicate OGIP for the BH ranges from 217 to 245 BCF/section. The estimates also indicate OGIP of 20 BCF/section for the CV. Cubic has a 49% working interest in its Johnson Branch acreage.
In its Johnson Branch acreage, Cubic has drilled twelve wells through the CV, with three of these wells penetrating deeper through the BH shales. To date, eight Johnson Branch wells have been completed as gas producers in Cotton Valley (CV) sandstones.
Additionally, Cubic has eight producing wells in the CV and Hosston formations of its Bethany Longstreet acreage.
Cubic Energy, Inc. is an independent company engaged in the development and production of, and exploration for, crude oil and natural gas. The Company's oil and gas assets and activity are concentrated primarily in Texas and Louisiana.
The Cubic Energy logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1243
This press release includes statements, which may constitute ``forward-looking'' statements, usually containing the words ''believe``, ''estimate``, ''project``, ''expect``, or similar expressions. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in mineral prices, the availability of capital for development of mineral projects and other projects, dependency on pipelines in which to sell the Company's natural gas it produces, reliance on third party contractors to aid in developing the production infrastructure and in the performance of well completion work, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revision or changes after the date of this release. There can be no assurance that any future activities and/or transactions mentioned in this press release will occur as planned. Cubic can not guarantee any level of production from its wells
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
H2Diesel Holdings Announces Company Name Change to New Generation Biofuels Holdings, Inc.
Friday March 28, 8:30 am ET
HOUSTON, March 28 /PRNewswire-FirstCall/ -- H2Diesel Holdings Inc. (OTC BB: HTWO.OB) and its subsidiary H2Diesel, Inc. announced today their new names: New Generation Biofuels Holdings Inc. and New Generation Biofuels, Inc, respectively, effective immediately. The Company's ticker symbol will remain "HTWO.OB".
"We're excited to be introducing our new name: New Generation Biofuels," said David A. Gillespie, President and CEO. "We have adopted our new name to more accurately reflect the actual characteristics of our product and customer mix and to move away from our earlier, more narrow association with traditional on-road diesels. In fact, our markets are far broader than simple on road vehicle applications. They also include power generation, process and space heating, marine, and off-road heavy equipment. 'New Generation Biofuels' also reflects the second generation nature of our biofuel technology as a departure from yesterday's complex refined biofuels."
Gillespie continued, "Our new company logo symbolizes the clean green nature of our products that, in many respects, are ahead of their time, hence the reference to 'New Generation.' Our swirling icon incorporates a growing leaf which represents the renewable emulsification technology we call New Generation Biofuel."
The Company's new website is now available and we encourage all previous web traffic from our previous site www.h2diesel.net to launch their browsers to www.newgenerationbiofuel.com
About New Generation Biofuels Holdings, Inc.
New Generation Biofuels is a development stage renewable fuels provider. We hold an exclusive license for North America, Central America and the Caribbean to commercialize proprietary technology to manufacture alternative biofuels from vegetable oils and animal fats that we intend to market as a new class of biofuel for power generation, heavy equipment, marine use and as heating fuel. We believe our proprietary biofuel can provide a cheaper, renewable alternative energy source with significantly lower emissions than traditional fuels. Our business model calls for establishing direct sales from manufacturing plants that we may purchase or build and sublicensing our technology to qualified licensees.
Forward Looking Statements
This news release contains forward-looking statements. These forward-looking statements concern our operations, prospects, plans, economic performance and financial condition and are based largely on our current beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. The risks and uncertainties related to our business include all the risks attendant a development stage business in the volatile energy industry, including, without limitation, the risks set forth under the caption "Risk Factors" in our Annual Report on Form 10-KSB for the fiscal year ended December 31, 2006 and our Current Report on Form 8-K filed on October 18, 2007.
CONTACT:
David Gillespie, President & CEO
New Generation Biofuels Holdings Inc.
713-973-5720
Rob Schatz
Wolfe Axelrod Weinberger
Associates, LLC.
212-370-4500
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
For Further Information, Contact:RedChip Companies, Inc.500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,Fax: (407) 644-0758, info@redchip.com
HOUSTON, March 28 /PRNewswire-FirstCall/ -- H2Diesel Holdings Inc. (OTC BB: HTWO.OB) and its subsidiary H2Diesel, Inc. announced today their new names: New Generation Biofuels Holdings Inc. and New Generation Biofuels, Inc, respectively, effective immediately. The Company's ticker symbol will remain "HTWO.OB".
"We're excited to be introducing our new name: New Generation Biofuels," said David A. Gillespie, President and CEO. "We have adopted our new name to more accurately reflect the actual characteristics of our product and customer mix and to move away from our earlier, more narrow association with traditional on-road diesels. In fact, our markets are far broader than simple on road vehicle applications. They also include power generation, process and space heating, marine, and off-road heavy equipment. 'New Generation Biofuels' also reflects the second generation nature of our biofuel technology as a departure from yesterday's complex refined biofuels."
Gillespie continued, "Our new company logo symbolizes the clean green nature of our products that, in many respects, are ahead of their time, hence the reference to 'New Generation.' Our swirling icon incorporates a growing leaf which represents the renewable emulsification technology we call New Generation Biofuel."
The Company's new website is now available and we encourage all previous web traffic from our previous site www.h2diesel.net to launch their browsers to www.newgenerationbiofuel.com
About New Generation Biofuels Holdings, Inc.
New Generation Biofuels is a development stage renewable fuels provider. We hold an exclusive license for North America, Central America and the Caribbean to commercialize proprietary technology to manufacture alternative biofuels from vegetable oils and animal fats that we intend to market as a new class of biofuel for power generation, heavy equipment, marine use and as heating fuel. We believe our proprietary biofuel can provide a cheaper, renewable alternative energy source with significantly lower emissions than traditional fuels. Our business model calls for establishing direct sales from manufacturing plants that we may purchase or build and sublicensing our technology to qualified licensees.
Forward Looking Statements
This news release contains forward-looking statements. These forward-looking statements concern our operations, prospects, plans, economic performance and financial condition and are based largely on our current beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. The risks and uncertainties related to our business include all the risks attendant a development stage business in the volatile energy industry, including, without limitation, the risks set forth under the caption "Risk Factors" in our Annual Report on Form 10-KSB for the fiscal year ended December 31, 2006 and our Current Report on Form 8-K filed on October 18, 2007.
CONTACT:
David Gillespie, President & CEO
New Generation Biofuels Holdings Inc.
713-973-5720
Rob Schatz
Wolfe Axelrod Weinberger
Associates, LLC.
212-370-4500
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
For Further Information, Contact:RedChip Companies, Inc.500 Winderley Place, Suite 100, Orlando, FL 32751, (800) 733-2447,Fax: (407) 644-0758, info@redchip.com
Media Alert: ZYTO Corp Text Messaging Scam under Investigation
Thursday March 27, 7:36 pm ET
CFO Sends Message to Beware of New Illegal Trend
OREM, Utah--(BUSINESS WIRE)--In a recent text messaging scam, selected individuals around the United States have received a text message promoting ZYTO Corp stock (Other OTC: ZYTC.PK) and requesting that the recipient purchase its stock. ?This type of text message is illegal and ZYTO is not involved in its sending,? said Kami Howard, Chief Financial Officer. ?These messages are neither solicited nor condoned by ZYTO Corp.? According to Howard, the text message is sent by an unknown third party. ?We are attempting to find the source of the messages and have them stopped. We apologize for any inconvenience this may have caused our investors, vendor partners, employees or any individual who has received these unsolicited messages.?
Unfortunately, this type of scam is not new. ?This could be what is commonly known as a ?pump and dump? scheme where scamming parties will purchase the stock of a company and then try to artificially inflate the price of the stock through a vigorous and misleading advertising campaign,? said Howard. If enough investors purchase a given stock based on the misleading advertising campaign the stock price could be artificially increased. These scamming parties then sell the stock at the manipulated price thus potentially causing an artificial price decrease.
?It could also be part of a scheme whereby short sellers of our stock perpetrate the scam to discredit our company in the eyes of investors and thereby encourage a sell-off,? she said. Either practice is in contravention of United States law 15 U.S.C. ? 78(j) which prohibits manipulative and deceptive practices in regards to securities. ZYTO has been proactive about this news and has reported what it knows to the SEC.
Howard noted that consumers should be mindful of this new tactic that offers great deals on ?hot stock? purchases over their cell phone. Most calls come from ?unknown? contacts which should be the consumer?s first ?heads-up? that the information may not be credible.
ZYTO Corp. was founded by Dr. Vaughn Cook, OMD. The company provides decision support technology focused on the healthcare market. For more information about ZYTO, visit zyto.com or contact their Headquarters at 801-224-7199.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
CFO Sends Message to Beware of New Illegal Trend
OREM, Utah--(BUSINESS WIRE)--In a recent text messaging scam, selected individuals around the United States have received a text message promoting ZYTO Corp stock (Other OTC: ZYTC.PK) and requesting that the recipient purchase its stock. ?This type of text message is illegal and ZYTO is not involved in its sending,? said Kami Howard, Chief Financial Officer. ?These messages are neither solicited nor condoned by ZYTO Corp.? According to Howard, the text message is sent by an unknown third party. ?We are attempting to find the source of the messages and have them stopped. We apologize for any inconvenience this may have caused our investors, vendor partners, employees or any individual who has received these unsolicited messages.?
Unfortunately, this type of scam is not new. ?This could be what is commonly known as a ?pump and dump? scheme where scamming parties will purchase the stock of a company and then try to artificially inflate the price of the stock through a vigorous and misleading advertising campaign,? said Howard. If enough investors purchase a given stock based on the misleading advertising campaign the stock price could be artificially increased. These scamming parties then sell the stock at the manipulated price thus potentially causing an artificial price decrease.
?It could also be part of a scheme whereby short sellers of our stock perpetrate the scam to discredit our company in the eyes of investors and thereby encourage a sell-off,? she said. Either practice is in contravention of United States law 15 U.S.C. ? 78(j) which prohibits manipulative and deceptive practices in regards to securities. ZYTO has been proactive about this news and has reported what it knows to the SEC.
Howard noted that consumers should be mindful of this new tactic that offers great deals on ?hot stock? purchases over their cell phone. Most calls come from ?unknown? contacts which should be the consumer?s first ?heads-up? that the information may not be credible.
ZYTO Corp. was founded by Dr. Vaughn Cook, OMD. The company provides decision support technology focused on the healthcare market. For more information about ZYTO, visit zyto.com or contact their Headquarters at 801-224-7199.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
ZAGG Announces Fourth Quarter and Year-End 2007 Results
Thursday March 27, 8:00 am ET
Strong Growth Continues with 2007 Revenue Reaching Record $5.1 Million and, Maintains Operational Profitability
SALT LAKE CITY--(BUSINESS WIRE)--ZAGG Inc (OTC BB: ZAGG.OB) today announced results for the fourth quarter and year ended December 31, 2007.
?We had a banner year in 2007 and I am excited about the continued growth that ZAGG has been able to achieve. In just under three short years we have been able to continue to see increased revenue growth quarter over quarter,? said Robert G. Pedersen II, president and chief executive officer of ZAGG Inc. ?We have put in place a strong management team and partnered with suppliers and vendors that will help facilitate our projected growth.?
?We have a great opportunity to build a strong brand and introduce our products to the mass market through our continued expansion of our online presence and entry into mainline retail stores,? added Pedersen. ?We continue to hear positive reports from a strong and loyal customer base regarding our products. Consumers recognize our flagship product, the invisibleSHIELD?, as the premium protection solution for their handheld devices and ZAGG as a provider of high quality consumer products.?
Pedersen concluded, ?Our established brand at this early stage in the company, along with our focus on customer service and introduction of new products and services, will set ZAGG apart and position us as a leader in the electronics accessories industry for years to come.?
Financial Results
Net sales for the fourth quarter of 2007 were $2,101,151, an increase of 163%, compared to $798,503 in net sales in the fourth quarter of 2006, and increased 46% compared to $1,437,408 in sales in the third quarter of 2007. Growth in the fourth quarter over both the same quarter last year and the prior quarter reflects continued strong demand for our invisibleSHIELD? products.
For the year ended December 31, 2007, the company reported net sales of $5,135,715, an increase of 85% over net sales of $2,777,036 for 2006. Gross profit was $3,794,865, or 73.9% of sales compared to gross profit of $2,049,602, or 73.8% of sales in 2006. We reported a net loss of ($759,511) or ($0.05) for the year ended December 31, 2007 compared to a net loss ($141,253) or ($0.01) for the year ended December 31, 2006. The net loss for 2007 is inclusive on non-cash expenses related to the issuance of stock to employees and key consultants of the company and settlement expense related to the issuance of warrants to certain shareholders, net of these charges, net income for the year ended December 31, 2007 was $168,218. For 2008, management anticipates increasing revenue by approximately 100% over 2007 revenue of $5,135,715 and continuing to remain operationally profitable. For the first quarter of 2008, management expects continued double digit revenue growth on a year-over-year basis.
About ZAGG Inc:
ZAGG Inc designs, manufactures, and distributes protective coverings for consumer electronic and hand-held devices under the brand name invisibleSHIELD?, worldwide. The invisibleSHIELD is a protective, high-tech film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices, and other items. The patent-pending invisibleSHIELD is the first scratch protection solution of its kind on the market. Currently, ZAGG offers over 2,000 precision pre-cut designs with a lifetime replacement warranty through online channels, resellers, college bookstores, Mac stores and mall kiosks. The company plans to increase its product lines to offer electronic accessories to its tech-savvy customer base, as well as an expanded array of invisibleSHIELD products for other industries. For more information please visit the company?s web sites at www.ZAGG.com and www.invisibleSHIELD.com.
Special Note Regarding Forward Looking Statements:
Statements contained in this release regarding our expectations concerning the fourth quarter, and any other statements that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All such statements are based upon information available to us as of March 27, 2008; and we disclaim any intention or obligation to update any such statements. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include losses of key personnel; lower than anticipated sales of our products; unexpected technical, manufacturing, or supply issues with our products; supply shortages impacting our suppliers; any inability to maintain a competitive cost structure; competition; any inability to maintain stringent quality assurance standards and customer satisfaction; difficulties in identifying and completing strategic opportunities to grow our business; intellectual property disputes; adverse final judgments in litigation; general economic and/or industry-specific conditions including significant changes in the landscape of our products? demand, pricing, or competition; and the other risks and uncertainties identified in the reports filed from time to time by ZAGG with the U.S. Securities and Exchange Commission, including ZAGG's most recent Annual Report on Form 10-KSB and Quarterly Reports on Form 10-QSB.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
Strong Growth Continues with 2007 Revenue Reaching Record $5.1 Million and, Maintains Operational Profitability
SALT LAKE CITY--(BUSINESS WIRE)--ZAGG Inc (OTC BB: ZAGG.OB) today announced results for the fourth quarter and year ended December 31, 2007.
?We had a banner year in 2007 and I am excited about the continued growth that ZAGG has been able to achieve. In just under three short years we have been able to continue to see increased revenue growth quarter over quarter,? said Robert G. Pedersen II, president and chief executive officer of ZAGG Inc. ?We have put in place a strong management team and partnered with suppliers and vendors that will help facilitate our projected growth.?
?We have a great opportunity to build a strong brand and introduce our products to the mass market through our continued expansion of our online presence and entry into mainline retail stores,? added Pedersen. ?We continue to hear positive reports from a strong and loyal customer base regarding our products. Consumers recognize our flagship product, the invisibleSHIELD?, as the premium protection solution for their handheld devices and ZAGG as a provider of high quality consumer products.?
Pedersen concluded, ?Our established brand at this early stage in the company, along with our focus on customer service and introduction of new products and services, will set ZAGG apart and position us as a leader in the electronics accessories industry for years to come.?
Financial Results
Net sales for the fourth quarter of 2007 were $2,101,151, an increase of 163%, compared to $798,503 in net sales in the fourth quarter of 2006, and increased 46% compared to $1,437,408 in sales in the third quarter of 2007. Growth in the fourth quarter over both the same quarter last year and the prior quarter reflects continued strong demand for our invisibleSHIELD? products.
For the year ended December 31, 2007, the company reported net sales of $5,135,715, an increase of 85% over net sales of $2,777,036 for 2006. Gross profit was $3,794,865, or 73.9% of sales compared to gross profit of $2,049,602, or 73.8% of sales in 2006. We reported a net loss of ($759,511) or ($0.05) for the year ended December 31, 2007 compared to a net loss ($141,253) or ($0.01) for the year ended December 31, 2006. The net loss for 2007 is inclusive on non-cash expenses related to the issuance of stock to employees and key consultants of the company and settlement expense related to the issuance of warrants to certain shareholders, net of these charges, net income for the year ended December 31, 2007 was $168,218. For 2008, management anticipates increasing revenue by approximately 100% over 2007 revenue of $5,135,715 and continuing to remain operationally profitable. For the first quarter of 2008, management expects continued double digit revenue growth on a year-over-year basis.
About ZAGG Inc:
ZAGG Inc designs, manufactures, and distributes protective coverings for consumer electronic and hand-held devices under the brand name invisibleSHIELD?, worldwide. The invisibleSHIELD is a protective, high-tech film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices, and other items. The patent-pending invisibleSHIELD is the first scratch protection solution of its kind on the market. Currently, ZAGG offers over 2,000 precision pre-cut designs with a lifetime replacement warranty through online channels, resellers, college bookstores, Mac stores and mall kiosks. The company plans to increase its product lines to offer electronic accessories to its tech-savvy customer base, as well as an expanded array of invisibleSHIELD products for other industries. For more information please visit the company?s web sites at www.ZAGG.com and www.invisibleSHIELD.com.
Special Note Regarding Forward Looking Statements:
Statements contained in this release regarding our expectations concerning the fourth quarter, and any other statements that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All such statements are based upon information available to us as of March 27, 2008; and we disclaim any intention or obligation to update any such statements. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include losses of key personnel; lower than anticipated sales of our products; unexpected technical, manufacturing, or supply issues with our products; supply shortages impacting our suppliers; any inability to maintain a competitive cost structure; competition; any inability to maintain stringent quality assurance standards and customer satisfaction; difficulties in identifying and completing strategic opportunities to grow our business; intellectual property disputes; adverse final judgments in litigation; general economic and/or industry-specific conditions including significant changes in the landscape of our products? demand, pricing, or competition; and the other risks and uncertainties identified in the reports filed from time to time by ZAGG with the U.S. Securities and Exchange Commission, including ZAGG's most recent Annual Report on Form 10-KSB and Quarterly Reports on Form 10-QSB.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
Vertical Branding, Inc. Re-Schedules Conference Call to Tuesday, April 1
Thursday March 27, 7:50 am ET
LOS ANGELES--(BUSINESS WIRE)--Vertical Branding, Inc. (OTC BB: VBDG.OB, News) announced today that its conference call to discuss fourth quarter and full fiscal year 2007 financial results has been postponed until Tuesday, April 1. The event was re-scheduled in order to provide additional time for the Company to implement a change in segment presentation.
The re-scheduled conference call will take place on Tuesday, April 1, 2008 at 4:30 p.m. ET (1:30 p.m. PT).
To participate in the event, please dial in as follows ten to fifteen minutes in advance to allow time for registration: dial 800-762-8795 if calling from within the United States; international callers should dial 480-248-5085. Please provide the passcode 3861061.
The event will also be available by way of a web link on the Company?s web site at http://www.verticalbranding.com, where a webcast archive of the call will be available for 90 days.
About Vertical Branding, Inc.
Vertical Branding is a consumer products company selling high-quality household, beauty and personal care products at affordable prices. The Company builds consumer awareness for its products and brands through direct response television, Internet and print advertising, supporting broad distribution to many of the country's largest retailers and drug chains as well as catalogs, home shopping channels and international distributors. Vertical Branding develops its own proprietary products and brands and licenses the rights to other select products that pass its rigorous screening process. The Company's hottest-selling products and brands currently include Hercules Hook, ZorbEEZ, EZ Foldz Step Stool and StarMaker Cosmetics.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
LOS ANGELES--(BUSINESS WIRE)--Vertical Branding, Inc. (OTC BB: VBDG.OB, News) announced today that its conference call to discuss fourth quarter and full fiscal year 2007 financial results has been postponed until Tuesday, April 1. The event was re-scheduled in order to provide additional time for the Company to implement a change in segment presentation.
The re-scheduled conference call will take place on Tuesday, April 1, 2008 at 4:30 p.m. ET (1:30 p.m. PT).
To participate in the event, please dial in as follows ten to fifteen minutes in advance to allow time for registration: dial 800-762-8795 if calling from within the United States; international callers should dial 480-248-5085. Please provide the passcode 3861061.
The event will also be available by way of a web link on the Company?s web site at http://www.verticalbranding.com, where a webcast archive of the call will be available for 90 days.
About Vertical Branding, Inc.
Vertical Branding is a consumer products company selling high-quality household, beauty and personal care products at affordable prices. The Company builds consumer awareness for its products and brands through direct response television, Internet and print advertising, supporting broad distribution to many of the country's largest retailers and drug chains as well as catalogs, home shopping channels and international distributors. Vertical Branding develops its own proprietary products and brands and licenses the rights to other select products that pass its rigorous screening process. The Company's hottest-selling products and brands currently include Hercules Hook, ZorbEEZ, EZ Foldz Step Stool and StarMaker Cosmetics.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
Wednesday, March 26, 2008
ZAGG Inc Announces Fiscal Year 2007 Release Schedule and Conference Call
Wednesday March 26, 4:29 pm ET
SALT LAKE CITY--(BUSINESS WIRE)--ZAGG Inc (OTC BB: ZAGG.OB), a leading manufacturer of protective coverings and accessories for consumer electronics, will report earnings for Fiscal Year 2007 ended December 31, 2007 on Thursday, March 27, 2008.
The Company will host an investor conference call on Thursday, March 27, 2008 at 10:00 AM EDT to answer questions regarding the results from our Form 10-KSB for the 12 months ended December 31, 2007. To participate in the call please dial 877-407-9210. Interested parties may also listen via the Internet at: www.investorcalendar.com and on the Company website at: www.ZAGG.com. The call will be available for replay for 30 days by dialing 877-660-6853 and entering account number 286 and call ID number 280118; as well as on investorcalendar.com.
About ZAGG Inc:
ZAGG Inc designs, manufactures, and distributes protective coverings for consumer electronic and hand-held devices under the brand name invisibleSHIELD?, worldwide. The invisibleSHIELD is a protective, high-tech film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices, and other items. The patent-pending invisibleSHIELD is the first scratch protection solution of its kind on the market. Currently, ZAGG offers over 2,000 precision pre-cut designs with a lifetime replacement warranty through online channels, resellers, college bookstores, Mac stores and mall kiosks. The company plans to increase its product lines to offer electronic accessories to its tech-savvy customer base, as well as an expanded array of invisibleSHIELD products for other industries. For more information please visit the company?s web sites at www.ZAGG.com and www.invisibleSHIELD.com.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
SALT LAKE CITY--(BUSINESS WIRE)--ZAGG Inc (OTC BB: ZAGG.OB), a leading manufacturer of protective coverings and accessories for consumer electronics, will report earnings for Fiscal Year 2007 ended December 31, 2007 on Thursday, March 27, 2008.
The Company will host an investor conference call on Thursday, March 27, 2008 at 10:00 AM EDT to answer questions regarding the results from our Form 10-KSB for the 12 months ended December 31, 2007. To participate in the call please dial 877-407-9210. Interested parties may also listen via the Internet at: www.investorcalendar.com and on the Company website at: www.ZAGG.com. The call will be available for replay for 30 days by dialing 877-660-6853 and entering account number 286 and call ID number 280118; as well as on investorcalendar.com.
About ZAGG Inc:
ZAGG Inc designs, manufactures, and distributes protective coverings for consumer electronic and hand-held devices under the brand name invisibleSHIELD?, worldwide. The invisibleSHIELD is a protective, high-tech film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices, and other items. The patent-pending invisibleSHIELD is the first scratch protection solution of its kind on the market. Currently, ZAGG offers over 2,000 precision pre-cut designs with a lifetime replacement warranty through online channels, resellers, college bookstores, Mac stores and mall kiosks. The company plans to increase its product lines to offer electronic accessories to its tech-savvy customer base, as well as an expanded array of invisibleSHIELD products for other industries. For more information please visit the company?s web sites at www.ZAGG.com and www.invisibleSHIELD.com.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
RedChip Announces Virtual Investor Conference Featuring Emerging Small-Cap Companies
Wednesday March 26, 10:56 am ET
Small-Cap Company Executives Will Offer Industry Specifics and Inside Views of Their Businesses During Webcast Presentations Beginning At 9:20 a.m. EDT, March 27, 2008
ORLANDO, Fla., March 26, 2008 (PRIME NEWSWIRE) -- RedChip Companies Inc. today announced that executives from emerging small-cap companies will offer an inside look into their industries and businesses during a virtual investor conference to be webcast March 27, 2008, starting at 9:20 a.m. EDT.
To view the presentations at their scheduled times, visit http://www.redchip.com/visibility/conferencePages/SanFran2008/conferenceMain.asp?page=virtual3272008
This virtual investor forum is part of a monthly series featuring emerging growth companies from a wide range of industries including oil & gas, alternative energy, biotechnology, manufacturing, industrial mining, business software, manufacturing, and more.
The March 27, 2008 webcast will feature presentations by executives of the following companies: EnterConnect Inc. (OTC BB:ECNI.OB - News), Echo Therapeutics Inc. (OTC BB:ECTE.OB - News), UpSNAP Inc. (OTC BB:UPSN.OB - News), H2Diesel Holdings Inc. (OTC BB:HTWO.OB - News), Worldwide Energy and Manufacturing USA Inc. (OTC BB:WEMU.OB - News), ZYTO Corp. (Other OTC:ZYTC.PK - News), Southern Star Energy Inc. (OTC BB:SSEY.OB - News), Vertical Branding Inc. (OTC BB:VBDG.OB - News), Duska Therapeutics Inc. (OTC BB: DSKA.OB).
In addition to participating in virtual conferences, many of these companies are featured on RedChip's Real Radio Show, which airs every trading day from 9 a.m. to 10 a.m. EST on 700 AM Washington Business Radio. To listen live or to hear prerecorded shows, visit: http://www.redchip.com/visibility/Radio/radioMain.asp.
For more information on RedChip's virtual conferences or RedChip's upcoming Small-Cap Investor Conference to be held June 4th and 5th in San Francisco, call 1-800-733-2447.
About RedChip Companies Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional, and Retail Conferences held throughout the United States, RedChip Radio(tm), and RedChip TV(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp.
``Discovering Tomorrow's Blue Chips Today.''(tm)
The RedChip Companies Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2761
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
Small-Cap Company Executives Will Offer Industry Specifics and Inside Views of Their Businesses During Webcast Presentations Beginning At 9:20 a.m. EDT, March 27, 2008
ORLANDO, Fla., March 26, 2008 (PRIME NEWSWIRE) -- RedChip Companies Inc. today announced that executives from emerging small-cap companies will offer an inside look into their industries and businesses during a virtual investor conference to be webcast March 27, 2008, starting at 9:20 a.m. EDT.
To view the presentations at their scheduled times, visit http://www.redchip.com/visibility/conferencePages/SanFran2008/conferenceMain.asp?page=virtual3272008
This virtual investor forum is part of a monthly series featuring emerging growth companies from a wide range of industries including oil & gas, alternative energy, biotechnology, manufacturing, industrial mining, business software, manufacturing, and more.
The March 27, 2008 webcast will feature presentations by executives of the following companies: EnterConnect Inc. (OTC BB:ECNI.OB - News), Echo Therapeutics Inc. (OTC BB:ECTE.OB - News), UpSNAP Inc. (OTC BB:UPSN.OB - News), H2Diesel Holdings Inc. (OTC BB:HTWO.OB - News), Worldwide Energy and Manufacturing USA Inc. (OTC BB:WEMU.OB - News), ZYTO Corp. (Other OTC:ZYTC.PK - News), Southern Star Energy Inc. (OTC BB:SSEY.OB - News), Vertical Branding Inc. (OTC BB:VBDG.OB - News), Duska Therapeutics Inc. (OTC BB: DSKA.OB).
In addition to participating in virtual conferences, many of these companies are featured on RedChip's Real Radio Show, which airs every trading day from 9 a.m. to 10 a.m. EST on 700 AM Washington Business Radio. To listen live or to hear prerecorded shows, visit: http://www.redchip.com/visibility/Radio/radioMain.asp.
For more information on RedChip's virtual conferences or RedChip's upcoming Small-Cap Investor Conference to be held June 4th and 5th in San Francisco, call 1-800-733-2447.
About RedChip Companies Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional, and Retail Conferences held throughout the United States, RedChip Radio(tm), and RedChip TV(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp.
``Discovering Tomorrow's Blue Chips Today.''(tm)
The RedChip Companies Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2761
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
Quantum and German Solar Partner Asola Awarded $20 Million Contract by a Leading European Solar System Integrator
Wednesday March 26, 9:00 am ET
IRVINE, Calif., March 26 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NasdaqGM: QTWW) today announced that its German solar partner, Asola Advanced and Automotive Solar Systems GmbH, has won a $20 million contract from Krannich Solar, for the supply of high-efficiency silicon photovoltaic solar modules. Krannich Solar, which is one of the largest solar system providers in Europe, will take delivery of Asola's high quality products in 2008.
"Asola is pleased to receive this award from Krannich Solar," commented Asola's founder and CEO, Reinhard Wecker. "Krannich is a tremendous European company, and home to the major leading brands in the industry. We are honored to join the ranks of world-leading premier solar module manufacturers."
Quantum has recently announced acquisition of a 25% stake in Asola, and also a long-term supply agreement with Ersol Solar Energy AG for the procurement of 155 MW of high-efficiency silicon photovoltaic solar cells, starting in 2008. The Ersol agreement guarantees a supply of solar cells to Quantum and Asola, thereby avoiding any potential future disruptions due to polysilicon shortages, as have been recently experienced by the solar cell industry. Resulting sales from the supply agreement with Ersol are anticipated to generate in excess of US $500 million for Asola and Quantum.
"The European solar industry demands the best, and we are pleased by the high confidence shown by our customers in Asola's technology leadership, high reliability and manufacturing quality," said Alan P. Niedzwiecki, President and CEO of Quantum. "Demand for Asola's high-quality solar modules continues to grow in the expanding renewable energy markets in Germany, Spain, Italy, and France. We believe that Quantum and Asola are well-positioned to meet this demand in Europe as well as to capitalize on the opportunities in California and the rest of North America."
About Quantum:
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.
Quantum has also formed a new company with Fisker Coachbuild, LLC, which is called Fisker Automotive, Inc. Fisker Automotive will offer a range of environmentally friendly premium cars, incorporating Quantum's proprietary high-performance plug-in-hybrid electric vehicle architecture, known as "Q-Drive," into a unique chassis that will enable optimizing the performance and vehicle dynamics.
More information can be found about Quantum's products and services at http://www.qtww.com.
About Asola:
Asola Advanced and Automotive Solar Systems GmbH produces and markets high-quality silicon-based photovoltaic modules that comprise 4, 5, 6, or 6+ mono-crystalline or polycrystalline silicon cells. Asola's technologies include high output and high efficiency flat modules for residential and industrial applications, specialized spherical modules for automotive applications and modules for various thin film technologies. More information can be found in http://www.asola-power.com.
Forward Looking Statements
Except for historical information, the statements, expectations, and assumptions contained in the foregoing press release are forward-looking statements. Such forward-looking statements include, but are not limited to, the Company's expectations regarding expected future revenues and operating results; future opportunities for Asola and Quantum; Asola's ability to secure solar cells and fulfill orders in the future; and other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management. Such statements are subject to a number of risks and uncertainties, and actual results could differ materially from those discussed in any forward-looking statement. Factors that could cause actual results to differ materially from such forward-looking statements include, among other factors, Asola's ability to expand production, the overall expansion of the solar industry, and general economic conditions. Reference should also be made to the risk factors set forth from time to time in the Company's SEC reports, including but not limited to those contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2007. The Company does not undertake to update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized.
For more information regarding Quantum, please contact:
At the Company:
Dale Rasmussen
Investor Relations
DRasmussen@qtww.com
1-206-315-8242
Dr. Neel Sirosh
Chief Technology Officer
NSirosh@qtww.com
1-949-399-4698
Investor Relations:
RedChip Companies, Inc.
Sanford Diday
1-800-REDCHIP
1-407-644-4256 x 115
info@redchip.com
http://www.redchip.com
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
IRVINE, Calif., March 26 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NasdaqGM: QTWW) today announced that its German solar partner, Asola Advanced and Automotive Solar Systems GmbH, has won a $20 million contract from Krannich Solar, for the supply of high-efficiency silicon photovoltaic solar modules. Krannich Solar, which is one of the largest solar system providers in Europe, will take delivery of Asola's high quality products in 2008.
"Asola is pleased to receive this award from Krannich Solar," commented Asola's founder and CEO, Reinhard Wecker. "Krannich is a tremendous European company, and home to the major leading brands in the industry. We are honored to join the ranks of world-leading premier solar module manufacturers."
Quantum has recently announced acquisition of a 25% stake in Asola, and also a long-term supply agreement with Ersol Solar Energy AG for the procurement of 155 MW of high-efficiency silicon photovoltaic solar cells, starting in 2008. The Ersol agreement guarantees a supply of solar cells to Quantum and Asola, thereby avoiding any potential future disruptions due to polysilicon shortages, as have been recently experienced by the solar cell industry. Resulting sales from the supply agreement with Ersol are anticipated to generate in excess of US $500 million for Asola and Quantum.
"The European solar industry demands the best, and we are pleased by the high confidence shown by our customers in Asola's technology leadership, high reliability and manufacturing quality," said Alan P. Niedzwiecki, President and CEO of Quantum. "Demand for Asola's high-quality solar modules continues to grow in the expanding renewable energy markets in Germany, Spain, Italy, and France. We believe that Quantum and Asola are well-positioned to meet this demand in Europe as well as to capitalize on the opportunities in California and the rest of North America."
About Quantum:
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.
Quantum has also formed a new company with Fisker Coachbuild, LLC, which is called Fisker Automotive, Inc. Fisker Automotive will offer a range of environmentally friendly premium cars, incorporating Quantum's proprietary high-performance plug-in-hybrid electric vehicle architecture, known as "Q-Drive," into a unique chassis that will enable optimizing the performance and vehicle dynamics.
More information can be found about Quantum's products and services at http://www.qtww.com.
About Asola:
Asola Advanced and Automotive Solar Systems GmbH produces and markets high-quality silicon-based photovoltaic modules that comprise 4, 5, 6, or 6+ mono-crystalline or polycrystalline silicon cells. Asola's technologies include high output and high efficiency flat modules for residential and industrial applications, specialized spherical modules for automotive applications and modules for various thin film technologies. More information can be found in http://www.asola-power.com.
Forward Looking Statements
Except for historical information, the statements, expectations, and assumptions contained in the foregoing press release are forward-looking statements. Such forward-looking statements include, but are not limited to, the Company's expectations regarding expected future revenues and operating results; future opportunities for Asola and Quantum; Asola's ability to secure solar cells and fulfill orders in the future; and other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management. Such statements are subject to a number of risks and uncertainties, and actual results could differ materially from those discussed in any forward-looking statement. Factors that could cause actual results to differ materially from such forward-looking statements include, among other factors, Asola's ability to expand production, the overall expansion of the solar industry, and general economic conditions. Reference should also be made to the risk factors set forth from time to time in the Company's SEC reports, including but not limited to those contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2007. The Company does not undertake to update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized.
For more information regarding Quantum, please contact:
At the Company:
Dale Rasmussen
Investor Relations
DRasmussen@qtww.com
1-206-315-8242
Dr. Neel Sirosh
Chief Technology Officer
NSirosh@qtww.com
1-949-399-4698
Investor Relations:
RedChip Companies, Inc.
Sanford Diday
1-800-REDCHIP
1-407-644-4256 x 115
info@redchip.com
http://www.redchip.com
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
EnterConnect Launches Human Capital Management Software Apps On SOAapps.com
Wednesday March 26, 8:00 am ET
SOAapps.com is the Destination to Find, Try and Subscribe to Best-of-Breed SaaS Applications
SAN JOSE, Calif., March 26, 2008 (PRIME NEWSWIRE) -- EnterConnect Inc. (OTC.BB: ECNI.OB) today announced the new launch of best-of-breed Human Capital Management (HCM) software applications on the global software-as-a-service (SaaS) marketplace, SOAapps.com. HCM is one of ten service-oriented application categories launching in 2008. EnterConnect is launching the HCM category on SOAapps in a joint effort with its Talent Management Application partners: Cornerstone OnDemand, HRsmart, StepStone Solutions (Oslo Stock Exchange) and Taleo (NasdaqGM:TLEO - News).
In the Human Capital Management category, SOAapps will feature enterprise applications suites for core and strategic HCM as well as employee collaboration and workforce productivity. SOAapps enterprise suites will provide human resource executives with leading applications to improve HR administration and employee performance and will provide employees with self-service portals that improve communication and productivity. With HCM solutions, employees can handle many day-to-day HR tasks on their own.
``We are excited to launch our HCM category with leading strategic HCM applications,'' stated Sam Jankovich, CEO of EnterConnect. ``The Talent Management partners were carefully selected to provide scalable, enterprise-class solutions that can align effectively with the requirements and budgets of any size company.'' The HCM partners launching on SOAapps were selected through a formal Request for Information (RFI) process which initially included over 120 solution candidates.
Through the collaborative launch, business executives can now 'Find, Try and Subscribe' to a wide array of Talent Management solutions that include recruiting, workforce compliance, compensation management, eLearning, performance management, and succession planning.
``Human capital management (HCM) is now the hottest application category,'' said Robert Breza, principal analyst for RBC Capital Markets. ``SaaS adoption may have begun with customer relationship management (CRM), but HCM is now rising more than twice as fast as business software overall and the adoption of employee content, communication and collaboration (CCC) applications quickly follows.''
The rising adoption rates may be attributable to the fact that HCM applications are used by all employees and CCC applications are used more broadly by all stakeholders. Breza further stated that ``unlike CRM, which is primarily used by customer service and sales, HCM and CCC software have greater potential to improve overall corporate performance.''
Breza is a co-author on the RBC Capital Markets' report, ``On Demand Evolution: A Successful Solution to Solve a Business Problem,'' which analyzes the evolution of On Demand or Software-as-a-Service business-to-business solutions. In the report, RBC finds that the ``On Demand Evolution'' is changing how companies acquire and use software. By 2011, RBC anticipates that about 40% of all software will be acquired through SaaS subscriptions instead of traditional software licensing.
To meet the growing demand for enterprise-class SaaS solutions, EnterConnect will be launching ten business and technical categories on SOAapps this year: Human Capital Management, Customer Relationship Management; Financial Management; Supply Chain Management; Content, Communication, and Collaboration; Business Intelligence; Enterprise Resource Planning; Vertical Applications; Infrastructure Software; and Technology.
SOAapps.com serves as a best-of-breed SaaS marketplace that brings together buyers and sellers within each of these key enterprise categories. With the rising adoption of SaaS, EnterConnect believes a dynamic future is evolving for independent software vendors (ISVs).
SaaS ISVs that deliver enterprise-class applications that scale both economically and technically will better serve the entire market spectrum -- from small and medium businesses (SMBs) to large enterprises (LEs) -- and capture greater market share. To enable ISVs to scale more effectively, EnterConnect provides ISVs with a unique enablement program through SOAapps.com. The SOAapps ISV Program not only provides global market reach to improve demand generation, but it also provides ISVs with unprecedented access to leading infrastructure technology in a usage-based financial model.
Through a strategic channel license agreement with BEA Systems (NasdaqGS:BEAS - News), EnterConnect provides ISVs with unconventional access to the BEA product portfolio to develop and deliver enterprise-class, dynamic applications using leading service-oriented architecture (SOA) technology. With this unique technology access, ISVs considering open-source technology economics now have an enterprise-scalable, economical alternative.
For more information on the SOAapps ISV Program or to submit an application for review, visit http://SOAapps.com/partners. To find best-of-breed HCM SaaS solutions or to download a copy of the RBC ``On Demand Evolution'' report, visit http://www.SOAapps.com.
About EnterConnect, Inc. and SOAapps.com
EnterConnect, Inc. (OTC.BB: ECNI.OB), delivers online business portal solutions that help companies increase productivity, efficiency and revenue to accelerate business on demand. The EnterConnect Business OnDemand(tm) Portals enable employees, partners and customers to connect, communicate and collaborate online -- at anytime, from anywhere -- and solve business objectives on-demand.
EnterConnect launched SOApps.com, powered by enterconnect(tm), with market leader BEA Systems (BEAS) to provide business and technical executives with a marketplace to Find, Try & Subscribe to best-of-breed, software-as-a-service (SaaS) solutions. In 2008, SOAapps will be offering business applications for Human Capital Management (HCM); Financial Management (FM); Customer Relationship Management (CRM); Supply Chain Management (SCM); Content, Communication & Collaboration (CCC); Business Intelligence (BI); Enterprise Resource Planning (ERP); and Vertical Applications (VA) and technical applications in key categories for infrastructure software and technology. SOAapps.com and partner solutions drive business on demand with economical and scalable, pay-as-you-go subscription access to service-oriented applications.
To find enterprise-class SaaS solutions, visit http://www.SOAapps.com. To learn more about the SOAapps ISV Program or to submit an application for review, visit http://SOAapps.com/partners. To find, try and subscribe to EnterConnect(tm) employee portals, partner portals, customer portals, team portals, and website development and management portals for business users, visit the EnterConnect storefront on SOAapps http://enterconnect.SOAapps.com. For more information about EnterConnect, Inc, visit http://www.enterconnect.com or call (800) 658-2670.
Forward-Looking Statements:
Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1993 and the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance and may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of EnterConnect Inc. to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The words ``expect,'' ``anticipate,'' ``intend,'' ``plan,'' ``believe,'' ``seek,'' ``estimate,'' and similar expressions are intended to identify such forward-looking statements. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as ``Risk Factors'' in our filings with the Securities and Exchange Commission.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
SOAapps.com is the Destination to Find, Try and Subscribe to Best-of-Breed SaaS Applications
SAN JOSE, Calif., March 26, 2008 (PRIME NEWSWIRE) -- EnterConnect Inc. (OTC.BB: ECNI.OB) today announced the new launch of best-of-breed Human Capital Management (HCM) software applications on the global software-as-a-service (SaaS) marketplace, SOAapps.com. HCM is one of ten service-oriented application categories launching in 2008. EnterConnect is launching the HCM category on SOAapps in a joint effort with its Talent Management Application partners: Cornerstone OnDemand, HRsmart, StepStone Solutions (Oslo Stock Exchange) and Taleo (NasdaqGM:TLEO - News).
In the Human Capital Management category, SOAapps will feature enterprise applications suites for core and strategic HCM as well as employee collaboration and workforce productivity. SOAapps enterprise suites will provide human resource executives with leading applications to improve HR administration and employee performance and will provide employees with self-service portals that improve communication and productivity. With HCM solutions, employees can handle many day-to-day HR tasks on their own.
``We are excited to launch our HCM category with leading strategic HCM applications,'' stated Sam Jankovich, CEO of EnterConnect. ``The Talent Management partners were carefully selected to provide scalable, enterprise-class solutions that can align effectively with the requirements and budgets of any size company.'' The HCM partners launching on SOAapps were selected through a formal Request for Information (RFI) process which initially included over 120 solution candidates.
Through the collaborative launch, business executives can now 'Find, Try and Subscribe' to a wide array of Talent Management solutions that include recruiting, workforce compliance, compensation management, eLearning, performance management, and succession planning.
``Human capital management (HCM) is now the hottest application category,'' said Robert Breza, principal analyst for RBC Capital Markets. ``SaaS adoption may have begun with customer relationship management (CRM), but HCM is now rising more than twice as fast as business software overall and the adoption of employee content, communication and collaboration (CCC) applications quickly follows.''
The rising adoption rates may be attributable to the fact that HCM applications are used by all employees and CCC applications are used more broadly by all stakeholders. Breza further stated that ``unlike CRM, which is primarily used by customer service and sales, HCM and CCC software have greater potential to improve overall corporate performance.''
Breza is a co-author on the RBC Capital Markets' report, ``On Demand Evolution: A Successful Solution to Solve a Business Problem,'' which analyzes the evolution of On Demand or Software-as-a-Service business-to-business solutions. In the report, RBC finds that the ``On Demand Evolution'' is changing how companies acquire and use software. By 2011, RBC anticipates that about 40% of all software will be acquired through SaaS subscriptions instead of traditional software licensing.
To meet the growing demand for enterprise-class SaaS solutions, EnterConnect will be launching ten business and technical categories on SOAapps this year: Human Capital Management, Customer Relationship Management; Financial Management; Supply Chain Management; Content, Communication, and Collaboration; Business Intelligence; Enterprise Resource Planning; Vertical Applications; Infrastructure Software; and Technology.
SOAapps.com serves as a best-of-breed SaaS marketplace that brings together buyers and sellers within each of these key enterprise categories. With the rising adoption of SaaS, EnterConnect believes a dynamic future is evolving for independent software vendors (ISVs).
SaaS ISVs that deliver enterprise-class applications that scale both economically and technically will better serve the entire market spectrum -- from small and medium businesses (SMBs) to large enterprises (LEs) -- and capture greater market share. To enable ISVs to scale more effectively, EnterConnect provides ISVs with a unique enablement program through SOAapps.com. The SOAapps ISV Program not only provides global market reach to improve demand generation, but it also provides ISVs with unprecedented access to leading infrastructure technology in a usage-based financial model.
Through a strategic channel license agreement with BEA Systems (NasdaqGS:BEAS - News), EnterConnect provides ISVs with unconventional access to the BEA product portfolio to develop and deliver enterprise-class, dynamic applications using leading service-oriented architecture (SOA) technology. With this unique technology access, ISVs considering open-source technology economics now have an enterprise-scalable, economical alternative.
For more information on the SOAapps ISV Program or to submit an application for review, visit http://SOAapps.com/partners. To find best-of-breed HCM SaaS solutions or to download a copy of the RBC ``On Demand Evolution'' report, visit http://www.SOAapps.com.
About EnterConnect, Inc. and SOAapps.com
EnterConnect, Inc. (OTC.BB: ECNI.OB), delivers online business portal solutions that help companies increase productivity, efficiency and revenue to accelerate business on demand. The EnterConnect Business OnDemand(tm) Portals enable employees, partners and customers to connect, communicate and collaborate online -- at anytime, from anywhere -- and solve business objectives on-demand.
EnterConnect launched SOApps.com, powered by enterconnect(tm), with market leader BEA Systems (BEAS) to provide business and technical executives with a marketplace to Find, Try & Subscribe to best-of-breed, software-as-a-service (SaaS) solutions. In 2008, SOAapps will be offering business applications for Human Capital Management (HCM); Financial Management (FM); Customer Relationship Management (CRM); Supply Chain Management (SCM); Content, Communication & Collaboration (CCC); Business Intelligence (BI); Enterprise Resource Planning (ERP); and Vertical Applications (VA) and technical applications in key categories for infrastructure software and technology. SOAapps.com and partner solutions drive business on demand with economical and scalable, pay-as-you-go subscription access to service-oriented applications.
To find enterprise-class SaaS solutions, visit http://www.SOAapps.com. To learn more about the SOAapps ISV Program or to submit an application for review, visit http://SOAapps.com/partners. To find, try and subscribe to EnterConnect(tm) employee portals, partner portals, customer portals, team portals, and website development and management portals for business users, visit the EnterConnect storefront on SOAapps http://enterconnect.SOAapps.com. For more information about EnterConnect, Inc, visit http://www.enterconnect.com or call (800) 658-2670.
Forward-Looking Statements:
Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1993 and the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance and may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of EnterConnect Inc. to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The words ``expect,'' ``anticipate,'' ``intend,'' ``plan,'' ``believe,'' ``seek,'' ``estimate,'' and similar expressions are intended to identify such forward-looking statements. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as ``Risk Factors'' in our filings with the Securities and Exchange Commission.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
RedChip Visibility Issues 4Q 2007 Research Update on Alternative Construction Technologies
ORLANDO, Fla., March 25, 2008 -- (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies Inc., today announced it has issued a fourth quarter 2007 research update for Alternative Construction Technologies Inc. (OTC BB: ACCY), a leader in the production of structural insulated panel systems (SIPs) used in the construction of institutional, residential, and commercial buildings.
Matt Kantrowitz, MBA, RedChip Research Analyst, reported:
“Alternative Construction Technologies Inc. produces energy-efficient building solutions, from design through construction, using the Company’s patented building technology—the ACTech® panel system. As governments implement ‘green’ mandates and corporations seek to reduce their carbon footprint, demand for ACCY’s building technology will strengthen. However, a correction in the housing market, a leading indicator of commercial construction, and the tightening of states’ fiscal budgets are discouraging vulnerabilities for any construction company, even a profitable and growing ‘green’ company.”
"For the last 2.5 years ACCY has focused on revenue generation and growth as well as diversifying its markets. By and large the Company has accomplished these goals. The Company’s reorganization in 2006 and acquisition plan that was implemented in 2007 has proved fruitful, turning a $2 million loss in 2006 into a $1.6 million profit in 2007,” Kantrowitz continued.
“We are revising our investment rating on the stock of Alternative Construction Technologies Inc. from Buy to Speculative Buy and issuing a 12-month target price of $9.30,” he concluded.
To receive a complimentary copy of the RedChip Visibility fourth quarter research report for Alternative Construction Technologies Inc., please visit:
http://www.redchip.com/visibility/about.asp?page=vreport&reportid=94&from=03252008news
To learn more about Alternative Construction Technologies, visit http://www.visualwebcaster.com/REDCHIP/45650/event.html to view the company’s webcast presentation, delivered at RedChip’s Small-Cap Investor conference in Scottsdale, Arizona, Feb. 7, 2008.
To hear the RedChip Real Radio broadcast interviews featuring Alternative Construction Technologies, visit http://www.redchip.com/visibility/Radio/radioMain.asp.
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. Dedicated to “Discovering Tomorrow’s Blue Chips Today,”™ RedChip delivers concrete, measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products and services, which include RedChip Research™, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, RedChip TV™ and RedChip Radio™. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp
DISCLOSURE:
Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor’s objectives, other securities holdings, financial situation needs, and tax status. RedChip Visibility, a division of RedChip Companies, Inc., was paid $36,000 by Alternative Construction Technologies, Inc., to prepare this equity research report.
To the fullest extent permissible under applicable law, RedChip Companies, Inc., will not be liable to you or anyone else for the quality, accuracy, completeness, reliability, or timeliness of this information. To the fullest extent permitted by law, RedChip Companies, Inc., will not be liable to you or anyone else under any tort, contract, negligence, strict negligence, strict liability, products liability, or other theory with respect to this presentation of information.
Contact:
RedChip Companies Inc.
1-800-RED-CHIP (733-2447)
Info@redchip.com
www.redchip.com
Matt Kantrowitz, MBA, RedChip Research Analyst, reported:
“Alternative Construction Technologies Inc. produces energy-efficient building solutions, from design through construction, using the Company’s patented building technology—the ACTech® panel system. As governments implement ‘green’ mandates and corporations seek to reduce their carbon footprint, demand for ACCY’s building technology will strengthen. However, a correction in the housing market, a leading indicator of commercial construction, and the tightening of states’ fiscal budgets are discouraging vulnerabilities for any construction company, even a profitable and growing ‘green’ company.”
"For the last 2.5 years ACCY has focused on revenue generation and growth as well as diversifying its markets. By and large the Company has accomplished these goals. The Company’s reorganization in 2006 and acquisition plan that was implemented in 2007 has proved fruitful, turning a $2 million loss in 2006 into a $1.6 million profit in 2007,” Kantrowitz continued.
“We are revising our investment rating on the stock of Alternative Construction Technologies Inc. from Buy to Speculative Buy and issuing a 12-month target price of $9.30,” he concluded.
To receive a complimentary copy of the RedChip Visibility fourth quarter research report for Alternative Construction Technologies Inc., please visit:
http://www.redchip.com/visibility/about.asp?page=vreport&reportid=94&from=03252008news
To learn more about Alternative Construction Technologies, visit http://www.visualwebcaster.com/REDCHIP/45650/event.html to view the company’s webcast presentation, delivered at RedChip’s Small-Cap Investor conference in Scottsdale, Arizona, Feb. 7, 2008.
To hear the RedChip Real Radio broadcast interviews featuring Alternative Construction Technologies, visit http://www.redchip.com/visibility/Radio/radioMain.asp.
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. Dedicated to “Discovering Tomorrow’s Blue Chips Today,”™ RedChip delivers concrete, measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products and services, which include RedChip Research™, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, RedChip TV™ and RedChip Radio™. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp
DISCLOSURE:
Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor’s objectives, other securities holdings, financial situation needs, and tax status. RedChip Visibility, a division of RedChip Companies, Inc., was paid $36,000 by Alternative Construction Technologies, Inc., to prepare this equity research report.
To the fullest extent permissible under applicable law, RedChip Companies, Inc., will not be liable to you or anyone else for the quality, accuracy, completeness, reliability, or timeliness of this information. To the fullest extent permitted by law, RedChip Companies, Inc., will not be liable to you or anyone else under any tort, contract, negligence, strict negligence, strict liability, products liability, or other theory with respect to this presentation of information.
Contact:
RedChip Companies Inc.
1-800-RED-CHIP (733-2447)
Info@redchip.com
www.redchip.com
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