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www.standoutstocks.com: Stocks That Stand Out For Nov. 5th, 2009 Are HRRN, NUBL, AVOE, EGMI, GSIG
Nov 05, 2009 (M2 PRESSWIRE via COMTEX) --
Stocks That Standout For Nov. 5th, 2009 are HE-5 Resources, Corp. (PINK SHEETS: HRRN), NuMobile, Inc. (OTCBB: NUBL), Avro Energy, Inc. (OTCBB: AVOE), Electronic Game Card, Inc. (OTC Bulletin Board: EGMI), GSI Group Inc. (Nasdaq: GSIG)
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HE-5 Resources, Corp. Announces: "All Together Now For Trading Barter Bank and United Business Traders To Win the Race"
NEW YORK CITY, NEW YORK, Nov 05, 2009 -- HE-5 Resources, Corp. (PINK SHEETS: HRRN) Today announced: "All together now for Trading Barter Bank and United Business Traders to win the race".
The Company Management and Venture Partners and Members have join forces to begin final sprint to Operational and Revenue generating stages. After having finalized many closings during the last 3 months and following the recent venue of equity partners and "Trading Barter Bank" Licensees, management has canalized the financial and buying power of the group to complete the final "GO TO MARKET" Steps.
Management had organized the first advisory board meeting over the week end with all of Company's new partners and founders, to set the "Trading Barter Bank" Launch Strategy, and to revise last Trading Platform software version features. The second meeting objective was to regroup everyone to commonly share each respective visions and goals while creating the fellowship business environment to have everyone focusing on the main target.
The plan comprises many strategic elements and tasks for each to achieve, and working plan to build equity and increase value by coordinating the schedule to simultaneous operational launch. The last objective was to have everyone committing to a pooling agreement, that included financial commitments and supporting the stock purchase program presented by HE-5 management. This agenda element has been very much appreciated and the vote in favor was unanimous.
Management indicated the following: "We have accomplished in 3 days, the tangible happenings of 3 years of work and visions. Considering traveling schedules, and filings considerations and legal approval needs, we have not published our weekly NewsLetter this past Monday. We will publish next Monday a special edition of our NewsLetter to unveil our complete program, and share our excitement with all." Mr. Rick DesOrmeaux CFO stated: "This is fun, and I am sure we will see an immediate response to our meeting in the market place. I trust that setting our clocks to the same time, will greatly impact on our shareholders value, and market cap rapidly. To my fellow Traders on our forum, I'd like to say I'll be back in the group this weekend." We are All Together Now and on board as "United Business Traders" Management will keep the shareholders informed and we invite you to visit our forum at www.unitedbusinesstraders.com and suggest you fill the online registration form to receive member packages.
You can visit our corporate web site at: www.tradingbartercorp.com Now Online "Trading Barter Blog" at www.tradingbarterblog.com Forward-Looking Statements Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
NuMobile, Inc. to Present Kaizen Communications Acquisition Strategy Within the Mobile Marketing Industry in Webcast Tomorrow
CARY, NC, Nov 05, 2009 -- NuMobile, Inc. (OTCBB: NUBL) is scheduled to release a Webcast tomorrow, November 6th, to present more information on Kaizen Communications, Inc. (www.kaizencommunications.net) and the mobile marketing industry. Last week, NuMobile announced a letter of intent (LOI) to acquire a controlling interest in Kaizen.
NuMobile is building a portfolio of security and software solutions for the global mobile computing and smartphone market. NuMobile has previously announced two acquisitions and a letter of intent for a third acquisition. The LOI to acquire Kaizen represents the Company's fourth acquisition opportunity. The two acquisitions involve proprietary technology focused on mobile network security and the potential third acquisition offers identity management solutions for SaaS and Cloud computing. As a result of recent acquisitions, the Company has also announced that it anticipates signing its first substantial contract before the end of 2009 for an estimated $20 million and $8 million gross margin.
Kaizen Communication and Mobile Marketing Kaizen is a technology company specializing in mobile commerce, specifically as an application provider in the SMS/MMS/IVR (texting, video, multi-media, interactive voice response) equation. SMS/MMS/IVR are the interactive communication tools which allow for real time updates for information on anything from alerts, product information, coupons, and messaging, allowing brands and consumers to stay informed and be "in-the-know" on everything that effects their market. Kaizen Communications is headquartered in Jacksonville Florida, with 25 employees located throughout the United States.
Mobile marketing is on the rise as companies look to automate campaigns to reach their customers quickly wherever they are, both cost effectively and measurably. According to the CTIA - The Wireless Association(R), there are over 276 million wireless subscribers as of June of this year in the US alone. CTIA further cites that cell phone penetration in the US has now exceeded cable TV, web access and home computers, and that text messaging continues to be enormously popular with more than 740 billion text messages carried on carriers' networks during the first half of 2009 -- breaking down to 4.1 billion messages per day. That's nearly double the number from last year, when only 385 billion text messages were reported for the first half of 2008. According to a recent New York Times article, "Text messaging is still a relatively uncluttered and spam-free marketing channel. It's also the one form of communication that many people are tethered to 24/7. Which helps explain why, at a time when in-boxes fill with hundreds of never-opened e-mail messages from direct marketers, 97 percent of all SMS marketing messages are opened (83 percent within one hour), according to the latest cell-carrier research." NuMobile Information and Email Newsletter To learn more about NuMobile and to sign up for company email alerts, please visit the corporate website at www.numobileinc.com.
About NuMobile, Inc. (www.numobileinc.com)
NuMobile is building a portfolio of security and software solutions for the global mobile computing and smartphone market. Through a roll-up strategy, NuMobile plans to acquire and develop mobile computing solutions for a variety of applications, including mobile banking, for the global marketplace. The demand for mobile security and software applications is being driven in large part by the growing number of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. Already in North America, the Company has also forged a partnership in the Chinese market and is developing a plan for the emerging economies of Latin America and East Africa. NuMobile is a SEC fully-reporting public company listed on the Over-the-Counter Bulletin Board.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NuMobile's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Avro Energy Enters Into Negotiations
VIVIAN, La., Nov 4, 2009 -- Avro Energy, Inc. (OTCBB: AVOE) is pleased to announce that the Company has entered into preliminary negotiations with a Houston, Texas based Oil and Gas company for the purpose of drilling a deep test well in North Louisiana. The success of these negotiations has not yet been determined, but the Company is working diligently to come to a final agreement.
The Company is continuing to negotiate on other deep projects in the ArkLaTex region of Louisiana and will keep its shareholders updated.
About the ArkLaTex Oil-Producing Region
The ArkLaTex is a U.S. socio-economic region where Arkansas, Louisiana, Texas, and Oklahoma intersect. The region is centered on the Shreveport/Bossier metropolitan area in Northwest Louisiana. The region's history is heavily linked with the oil industry. The geology associated with the deposition of sediments from the Mississippi River, in particular, makes this area an abundant source for the oil and gas industries, which leads to the high levels of oil production within the region.
About Avro Energy, Inc.
Avro Energy Inc. is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in North America. Avro's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent low risk opportunities for the Company and its shareholders. In addition, Avro aims to seek larger projects that can be developed and produced with Joint Venture partners. More information about the Company is available at its corporate website at http://www.avroenergy.com. Alternatively, shareholders can call the Company directly at 318-734-4737 or send an email to avroenergy@gmail.com.
Forward-Looking Statements Cautionary Note to U.S. Investors -- We may use certain terms in our press releases and on our website such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "retained," "valuation," "potential," "interested," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. You can review and obtain copies of our filings from the SEC's website at http://www.sec.gov/edgar.shtml.
The OTC BB has not reviewed or does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Electronic Game Card, Inc. Schedules Conference Call to Present Third Quarter 2009 Earnings Results
IRVINE, Calif. and LONDON, Nov 04, 2009 -- Electronic Game Card, Inc. (OTC Bulletin Board: EGMI) ("EGC"), announced today that it( )has scheduled a conference call for Thursday, November 12, 2009 at 10:00 a.m. (ET) to discuss the Company's financial results for its third quarter 2009, which ended September 30, 2009. Electronic Game Card, Inc. intends to issue its earnings release before the market open on the day of the conference call.
Conference Call Details:
Date/Time: Thursday, November 12, 2009 10:00 a.m. (ET)
Telephone Number: 888-713-4217
International Dial-In Number: 617-213-4869
Participant Pass code: 21898631
Internet Access: www.electronicgamecard.com or www.earnings.com
It is recommended that participants phone-in at least 10 minutes before the call is scheduled to begin. Participants may pre-register for the call at -https://www.theconferencingservice.com/prereg/key.process?key=PLLYWRJRM Pre-registrants will be issued a pin number to use when dialing into the live call which will provide quick access to the conference by bypassing the operator upon connection. A replay of the conference call in its entirety will be available approximately one hour after its completion by dialing 888-286-8010 (U.S.), 617-801-6888 (International) and entering the pass code 89743451 and on the Internet at www.earnings.com.
GSI Group Inc. Announces NASDAQ Delisting and Reports Progress on Revenue Recognition Review and Preliminary Third Quarter 2009 Bookings and Cash Balance
BEDFORD, Mass., Nov 04, 2009 -- GSI Group Inc. (the "Company") (Nasdaq: GSIG), a supplier of precision technology and semiconductor systems, today announced that it received notification from the Nasdaq Hearings Panel that the Panel has determined to delist the Company's shares from the Nasdaq Stock Market and will suspend trading in the Company's shares effective at the open of business on November 5, 2009. The Panel's determination was made in connection with the Company's non-compliance with the filing requirements set forth in Listing Rule 5250(c)(1) due to the delayed filing of certain of its periodic reports. As provided under applicable Nasdaq rules, the Company intends to request a review of the Panel's determination by the Nasdaq Listing and Hearing Review Council. The request for review will not operate as a stay of the Panel's determination to delist the Company's securities. In addition, in accordance with Nasdaq rules, both the Listing Council and the Board of Directors of The Nasdaq Stock Market LLC may call the Panel's decision for review. Under the applicable Nasdaq rules, the Listing Council cannot grant an exception to the Company beyond November 2, 2009 (which is 360 days from the due date of the first late periodic report). The Listing Council may, in its discretion, recommend that the Nasdaq Board consider the matter further. However, there can be no assurances that the Company's request for review will be successful, that either the Listing Council or the Nasdaq Board will call the decision for review, or that the Company's common stock will not be delisted.
The Company anticipates that its common stock will be quoted on the Pink OTC Markets Inc. automatically and immediately after Nasdaq suspends trading. The trading symbol of the Company's common stock will continue to be "GSIG." As previously disclosed, the Company previously requested and was granted a hearing before the Panel. The Panel determined to grant the Company's request for continued listing on Nasdaq conditioned on the Company (i) reporting to the Panel on or before August 31, 2009 the status of its public disclosure about the range of adjustments the Company expects to make to revenue transactions in its Precision Technology Segment for 2004 through 2008 and (ii) filing its delayed periodic reports and any required restatements on or before November 2, 2009. On August 31, 2009, the Company issued a press release announcing, among other matters, estimated upper bounds of the revenue adjustments in its Precision Technology Segment during fiscal years 2004 through 2008. While the Company continues to work diligently to complete the preparation and filing of its delayed periodic reports, in addition to its restated financial statements for fiscal years 2006, 2007 and 2008, the Company was not able to meet the November 2, 2009 deadline.
The Company has substantially completed its review of revenue transactions in its Precision Technology Segment. However, the Company requires additional time to finalize its financial statements. As previously disclosed, the evaluation and assessment of potential adjustments to revenue transactions with multiple element arrangements in the Company's Precision Technology Segment during fiscal years 2004 through 2008 entailed the compilation, review, and analysis of a database of approximately 84,000 purchase orders comprising approximately 300,000 lines of data from nine different enterprise reporting systems. The Company's review further consisted of analyzing each line item of every purchase order submitted during this period, which required the Company to perform several iterations of the analysis on several subsets of the data such that the Company estimates it analyzed over 500,000 lines of data in total. Gathering the data for analysis proved to be more challenging, and required more time, than originally planned. The reviewed data resided on nine different enterprise wide reporting systems located in nine offices in five countries on three continents: China, Japan, Germany, the United Kingdom, and the United States. The Company intends to complete the preparation and filing of its financial statements and regain compliance as expeditiously as possible.
Today, the Company also reported bookings for the third quarter of 2009 and cash position as of October 31, 2009: -- Bookings:
Consolidated bookings for the third quarter ended October 2, 2009 were approximately $60 million compared with bookings of approximately $52 million for the comparable period in 2008. Consolidated bookings for the third quarter of 2008 included bookings of the Company's general optics business, which was divested during the fourth quarter of 2008, and included bookings of Excel Technology, Inc. from the date that company was acquired, August 20, 2008. Bookings of the Company's Semiconductor Systems Segment for the third quarter ended October 2, 2009 declined approximately 40% compared with the same period in 2008, as the semiconductor industry has been undergoing one of the most severe downturns on record.
-- Cash:
As of October 31, 2009, the Company had cash and cash equivalents of approximately $57 million, including approximately $3 million of net cash proceeds received from the sale of a building the Company owned in Rugby, England. In addition to the cash and cash equivalents, at October 31, 2009, the Company owned approximately $14 million of auction rate securities at fair value. Subsequent to October 31, 2009, the Company sold a portion of its auction rate securities for net cash proceeds of approximately $3 million.
Safe Harbor and Forward Looking Information
Certain statements in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on current expectations and assumptions that are subject to risks and uncertainties. All statements contained in this news release that do not relate to matters of historical fact should be considered forward-looking statements, and are generally identified by words such as "expect," "intend," "anticipate," "estimate," "plan," and other similar expressions. These forward-looking statements include statements regarding the completion of the restatement of the Company's financial results for fiscal years 2006, 2007 and 2008, the Company's ability to file its quarterly reports on Form 10-Q and annual report on Form 10-K, statements related to the continued listing of the Company's shares on Nasdaq, statements related to the Company's request for review of the Panel determination, statements related to the possibility that the Nasdaq Listing and Hearings Review Council or the Board of Directors of The Nasdaq Stock Market LLC may review the Panel determination, statements related to the listing of the Company's shares on the Pink Sheets, the Company's estimates regarding bookings and cash position, and other statements that are not historical facts. These forward looking statements involve a number of risks, uncertainties, assumptions and other factors that could affect future results and cause actual results and events to differ materially from historical and expected results and those expressed or implied in the forward looking statements, including, but not limited to, the following: the Company's ability to complete and file its delayed periodic reports with the SEC; the outcome of the Company's financial restatements and review of financial results; the Company's ability to meet the requirements for continued listing of its shares on Nasdaq; the risks of existing and future litigation and governmental or other regulatory inquiry or proceedings arising out of or related to the Company's revenue recognition practices; risks related to the impact of delisting on the Company, including the impact on the price of the Company's common stock and the potential loss of confidence by customers, suppliers, employees and the loss of institutional investor interest in the Company; the highly unpredictable nature of the semiconductor and electronics materials processing industry; deteriorating market conditions; the effect of the current financial and economic crises on credit markets, financial institutions, customers, suppliers and consumers; the Company's ability to reduce operating expenses and achieve anticipated cost reductions and savings; the Company's ability to grow and increase profitability; the impact of bookings on current and future sales levels; future liquidity and valuation of auction rate securities; changes in accounting standards; failures of the Company to properly identify the timing of when revenue should be recognized; the Company's ability to quickly increase manufacturing capacity and promptly respond to fluctuating product demands; the Company's need to invest in research and development; the Company's ability to develop and deliver new competitive technology and enhancements and customer acceptance thereof; failure to identify and manage weaknesses in internal controls; the effects of competition; risks related to consolidation of operations and the integration of operations and employees of acquired businesses, including Excel; and the Company's inability to recognize synergies of acquired businesses, including Excel. Other important risk factors that could affect the outcome of the events set forth in these statements and that could affect the Company's operating results and financial condition are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2007 and in the Company's subsequent filings with the SEC made prior to or after the date hereof. Such statements are based on the Company's management's beliefs and assumptions and on information currently available to the Company's management. The Company disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this document.
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CONTACT: Jason A Hilton, Standout Stocks
Tel: +1 585 729 8809
e-mail: Jason@Newmediaadvisorsllc.com
e-mail: info@standoutstocks.com
WWW: http://www.standoutstocks.com
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