TMCnet News

InvestSource, Inc.: Deployment of Buena Park Network to be Completed by Road Wings, Inc. and OneFi Technology
[July 24, 2008]

InvestSource, Inc.: Deployment of Buena Park Network to be Completed by Road Wings, Inc. and OneFi Technology


(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:24072008

Stocks in the News: Road Wings, Inc. (Other OTC: RDWG), Suncor Energy
Inc. (NYSE: SU), Textron Inc. (NYSE: TXT), A-Power Energy Generation
Systems, Ltd. (NASDAQ: APWR), Cincinnati Financial Corporation (NASDAQ:
CINF), and Northrop Grumman Corporation (NYSE: NOC)

July 22, 2008 -- OneFi Technology, Inc., along with its funding partner
Road Wings, Inc. (Other OTC: RDWG), announced today that it has been
approved and is currently installing its WiMax/WiFi communications
system in the city of Buena Park, CA. The OneFi Technology networks
broadband signal will allow the citizens of Buena Park to access the
internet at speeds up to 104 mbps. Additionally, the network will allow
for VoIP, IPTV and first run movie downloads. The network design allows
for ready expansion, and Dr. A. Omran, the CTO of OneFi Technology,
stated, "Today's networks must allow for constant upgrades and the
OneFi WiMax/WiFi network gives us an opportunity to capitalize on easy
upgrades at a minimum of expense." The standard network allows for
802.11-b-g, but the OneFi Technology network design incorporates the
WiMax 801.16e signal which will go as far as twenty miles and also
OneFi Technology uses 802.11-b-g and n to allow last mile user access.
Mr. David Cassidy, the owner of the newly installed network, was
delighted to bring the OneFi Technology to Buena Park because it opens
access not only for visitors, but also the underserved. David Cassidy
is quoted as saying, "Although we have both Telco and cable, many
consumers have trouble with both the affordability and lack of true
broadband. With OneFi Technology those issues have been overcome." Mr.
Tom White, OneFi CFO, stated, "The people in Buena Park now have a new
set of broadband options with the arrival of OneFi's signal coverage in
their community." OneFi will also be installing its VoIP with users on
a new market platform. Many residences in Buena Park have only had
access to traditional landline access because of inconsistent wireless
signal with the Buena Park cellular network.

July 23, 2008 -- Suncor Energy Inc. (NYSE: SU) reports that, effective
July 22, the Alberta Energy Resources Conservation Board (ERCB) has
removed production constraints imposed on Suncor's Firebag in-situ oil
sands operations. Bitumen production from Firebag had been capped at
approximately 42,000 barrels per day in September 2007 due to sulphur
emissions that exceeded regulated limits. The ERCB has advised that
issues at the site have been addressed sufficiently to lift the cap,
but Suncor must meet a variety of conditions, including ensuring
emissions remain at compliant levels and providing regular status
reports. "The removal of the cap reflects a lot of hard work to reduce
emissions and put in place the planning and investments required to
manage this concern going forward," said Steve Williams, chief
operating officer. "We're pleased that the ERCB has recognized these
accomplishments and we're looking forward to safely ramping up Firebag
production." With the cap lifted, Suncor expects to begin steaming in
preparation for ramping up production from well pads that are currently
shut in due to the regulatory limit.

July 23, 2008 -- Textron Inc. (NYSE: TXT) announced that, in light of
current market conditions, it is accelerating the pace of its share
repurchase program. The company plans to repurchase up to $500 million
of its common shares during the second half of the year. "Given the
strength we see in our aircraft and defense businesses and our outlook
for strong earnings growth over the next three to five years, we think
this is an excellent opportunity to capture value that we believe is
missing from our shares at current levels," said Lewis B. Campbell,
Textron Chairman, President and CEO. Textron's Board of Directors
approved a 24 million share repurchase authorization on July 19, 2007,
of which approximately 19.2 million shares remain available as of June
30, 2008. During the first half of 2008, the company repurchased about
3.5 million shares for approximately $190 million. Textron Inc. is a
$13.2 billion multi-industry company operating in 34 countries with
approximately 44,000 employees. The company leverages its global
network of aircraft, defense and intelligence, industrial and finance
businesses to provide customers with innovative solutions and services.
Textron is known around the world for its powerful brands such as Bell
Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming,
E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron Financial
Corporation. More information is available at www.textron.com.

July 23, 2008 -- A-Power Energy Generation Systems, Ltd. (NASDAQ: APWR)
announced that it has signed a Memorandum of Understanding with the
National Power Supply Co., Ltd., a subsidiary of Advance Agro Public
Co. Ltd., a large Thai-based conglomerate, to develop a 600 MW
distributed power generation system worth approximately $300 million in
Chachengsao Province, Thailand. The project is expected to begin in
August, 2008 and will be completed in approximately 42 months. Mr.
Jinxiang Lu, A-Power's Chairman and CEO, commented, "This project
represents a significant milestone for A-Power as it will be our
largest distributed power project and second major project with
National Power Supply in Thailand. National Power Supply is a major
provider of electricity to Thailand's state-owned power grid and we are
excited to announce our expanded relationship with them. Based on our
performance on the contract we signed with them in April to construct a
300MW distributed power system, we have reached an agreement to
construct this new 600MW system and are in discussions for multiple
other opportunities." Mr. Lu continues, "Thailand and other Southeast
Asian countries continue to struggle to provide a consistent and
adequate power supply to feed their growing economies and based on our
track record, efficient distributed power system design and ability to
quickly develop new high-quality systems, A-Power is well positioned
for major contract wins in this region."

July 23, 2008 -- Cincinnati Financial Corporation (NASDAQ: CINF)
announced the block sale of slightly more than half of the company's
Fifth Third Bancorp (NASDAQ: FITB) common stock holding. The
transaction is expected to generate total proceeds of approximately
$480 million, which will be reduced by capital gains taxes of
approximately $120 million. The net after-tax gain of approximately
$225 million, or about $1.35 per share, will be included in
third-quarter 2008 net income. Kenneth W. Stecher, president and chief
executive officer, commented, "In recent years, at times we have taken
action to reduce our exposure to companies that have reduced or
eliminated their dividend, helping protect our capital and future
investment income. Since June, we carefully have studied our options
for our Fifth Third holding and feel we are exercising appropriate sell
discipline in light of the dividend reduction. We also view this
diversifying action to be consistent with our view of prudent
enterprise risk management for our policyholders and shareholders.
Going forward, we will evaluate our remaining Fifth Third position,
along with that of all of our common stocks, using our company's
investment parameters and risk tolerances

July 23, 2008 -- Northrop Grumman Corporation (NYSE: NOC) was one of
eight large companies awarded an indefinite quantity/indefinite
delivery contract with a potential collective value of up to $10.12
billion over seven years to provide modification, maintenance and
repair on U.S. Air Force, Army and Navy weapons systems and support
equipment at operational installations in the United States and abroad.
''Northrop Grumman, with its team of nine expert subcontractors, is
poised to provide experienced field service teams that are flexible and
responsive to the dynamic needs of the U.S. military,'' said Vic
Obringer, director of Enterprise Logistics Management for the company's

Life Cycle Optimization and Engineering Group. ''We will bring to our
nation's warfighters -- wherever they are -- expert capabilities that
span the spectrum of ground support equipment and heavy combat vehicle
maintenance to rotary and fixed-wing aircraft support to ship and ship
system upgrade, maintenance and modification.'' ''Our demonstrated
capabilities in the life cycle support arena on both Northrop Grumman
and non-original equipment manufacturer (non-OEM) systems, such as the
E-8C Joint Surveillance Target Attack Radar System (Joint STARS) and
the United Kingdom's E-3 Airborne Warning and Control System (AWACS)
aircraft, combined with greater enterprise reach back, will enable us
to provide exceptional service to our military customers at home and
around the world,'' said Dave Werkheiser, vice president and general
manager of the Life Cycle Optimization and Engineering (LCOE) Group for
Northrop Grumman Technical Services sector.

Stocks advanced for the second straight session Wednesday as another
decline in oil prices and several upbeat profit reports eased some of
Wall Street's concerns about the economy. Investors expect that a
sustained pullback in oil prices would give a crucial boost to the
economy. Crude has retreated as oil investors have worried that high
prices and a sluggish economy are reducing demand. The government
reported Wednesday that domestic inventories increased last week as
consumers curbed their energy use. Oil is down more than $20 a barrel
since hitting a record above $147 just weeks ago. A barrel of light,
sweet crude fell $3.98 to settle at $124.44 a barrel on the New York
Mercantile Exchange. While oil again tugged at stocks as it has for
months, investors also examined a raft of earnings reports that
indicated not all corporate profits were suffering because of the
slower economy. That left some investors more upbeat about the
prospects for the overall economy. AT&T Inc., McDonald's Corp. and
Pfizer Inc., all among the 30 stocks that make up the Dow Jones
industrial average, weighed in with reports that generally pleased
investors. "Oil is a positive but I think bigger than that is the
earnings news is not as catastrophic as people were thinking," said
Noman Ali, portfolio manager of U.S. equities for MFC Global Investment
Management in Toronto. "Some of the bellwethers are reporting earnings
that are better-than-expected. And outside of the financials things,
aren't so bad." According to preliminary calculations, the Dow rose
29.88, or 0.26 percent, to 11,632.38 after rising nearly 100 points
early in the session. On Tuesday, the blue chips gained 135 points.
Broader stock indicators also advanced. The Standard & Poor's 500 index
rose 5.19, or 0.41 percent, to 1,282.19 and the technology-laden Nasdaq
composite index rose 21.92, or 0.95 percent, to 2,325.88. Advancing
issues outnumbered decliners by about 5 to 3 on the New York Stock
Exchange, where volume came to 1.72 billion shares compared with 1.57
billion shares traded Tuesday. Bond prices slipped as some investors
moved from the safety of government debt to stocks. The yield on the
benchmark 10-year Treasury note, which moves opposite its price, rose
to 4.12 percent from 4.10 percent from late Tuesday. The dollar was
mostly higher against other major currencies, while gold prices fell.
The stronger dollar also helped push oil lower. The drop in oil helped
a range of sectors like airlines. Delta Air Lines Inc. rose 89 cents,
or 12 percent, to $8.60, while Continental Airlines Inc. jumped $1.54,
or 12 percent, to $14.80. Energy companies lost ground as oil fell.
Exxon Mobil Corp. fell $1.87, or 2.3 percent, to $80.99 and Chevron
Corp. slid $2.98, or 3.5 percent, to $82.65. Investors appeared unfazed
by the Federal Reserve's Beige Book, which provides readings on the
U.S. economy by region and indicated that business conditions have
slowed in recent months as consumer spending has turned sluggish. The
report arrives two weeks before policymakers' next meeting but seemed
to hold few surprises for investors. Investors instead appeared more
focused on oil and corporate news.


ABOUT INVESTSOURCE, INC.: WIN an 8 day 7 nights Caribbean Getaway, GO
TO: www.investsourceinc.com.

To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to
www.ceo-corner.com This opinion contains forward-looking statements
that involve risks and uncertainties. This material is for
informational purposes only and should not be construed as an offer or
solicitation to buy or sell securities. InvestSource, Inc. has prepared
all material herein based upon information believed to be reliable. The
information contained herein is not guaranteed by InvestSource, Inc. to
be accurate, and should not be considered to be all-inclusive. The
companies that are discussed in this release have not given an opinion
or approved the statements made in this release.

InvestSource, Inc. is not a licensed broker, broker dealer, market
maker, investment banker, investment advisor, analyst or underwriter.
InvestSource, Inc. affiliates, officers, directors and employees may
also have bought, or may buy the shares discussed in this opinion and
may profit in the event of a rise in value. InvestSource, Inc. will not
advise as to when it decides to sell and does not, and will not, offer
any opinion as to when others should buy or sell; each investor must
make that decision based on his or her judgment of the market. Please
consult your broker before purchasing or selling any securities
mentioned herein. InvestSource has agreed to be compensated $5,860 for
services rendered. To view full disclaimers, please go to
http://investsourceinc.com/php/disclaimer.php (disclaimers).

CONTACT: InvestSource, Inc
e-mail: [email protected]
WWW: http://www.investsourceinc.com

((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
[email protected])).

Copyright ? 2008 M2 Communications Ltd.

[ Back To TMCnet.com's Homepage ]