Tuesday, October 30th
ETLC, VSUR, EBFD, EPLI, LTVS, SPNG
PLKC, TMXO, DPBM, AMRE, HRAL, DHBT, INFS
Our Stocks to Watch today include eTelcharge.com Inc. (OTCBB: ETLC), Vsurance Inc. (OTCBB:
eBenefits Direct (OTC: EBFD), The Employer Inc. (OTC: EPLI), Latin Television Inc. (OTCBB: LTVS), Spongetech Delivery Systems (OTCBB: SPNG), PlanetLink Communications (OTCBB: PLKC), Trimax (OTCBB: TMXO), Deep Blue Marine, Inc. (OTC: DPBM), AmeriResource Technologies, Inc. (OTCBB: AMRE), HearAtLast Holdings, Inc. (OTC: HRAL), Point Blank Solutions, Inc., (OTC: DHBT) and InFocus Corporation (NASD: INFS).
INC (OTCBB: ETLC)
"Up 11.11% in morning trading"
ETLC), the first Web 2.0 online payment system, provides
online shoppers the ability to charge approved transactions
to their telephone bill. While addressing the concerns
online shoppers have about identity fraud and identity
theft, the Etelcharge payment option is also a perfect
match for the millions of individuals without a credit
card, or even a bank account. For more information,
30 - Etelcharge Announces Expansion of enStage Development
Agreement to Include Mobile Phone Payments
(OTCBB: ETLC) (www.etelcharge.com)
announced that it has expanded the scope of
its development agreement with enStage to include
the ability to make online purchases and bill them
to a mobile phone. This will enable Etelcharge members
to charge their online purchases to their cellular
or mobile phone using the recently announced digital
"There are 2.7 billion mobile
phones in active use. That's a $725 billion annual
market. We have expansion plans to move into the mobile
space very quickly, and this expansion of our development
agreement with enStage will make that happen even
faster," stated Rob Howe, Chairman and CEO of
Etelcharge. "This new technology will complement
the expansion of our landline program, and allow us
to break into mobile payments both in and outside
the US quickly."
"The world of online payments
is destabilized, which creates an enormous opportunity
for us. In a world where you can pay a parking meter
with your mobile phone, great opportunity exists.
Etelcharge will offer online payment programs wherever
and by whatever means consumers want to make them.
This is especially true of the consumer on which we
are focused -- the unbanked or marginally banked consumer,
and the consumer who is greatly concerned about exposing
their identity online. Working with enStage, and being
able to tap into their mature development resources
in the mobile payments arena, is an enormous benefit
"This expansion of the scope
of our agreement makes perfect sense," said Govind
Setlur, CEO of enStage. "Our experience in this
arena will enable Etelcharge to move faster into mobile
payments. Mobile payments and mobile payment security
have been a major focus area for us even outside the
US -- as we develop and deploy critical m-commerce
infrastructure and innovative payment solutions."
Etelcharge.com (OTC BB:ETLC.OB
- News), the first Web 2.0 online payment system,
provides online shoppers the ability to charge approved
transactions to their telephone bill. While addressing
the concerns online shoppers have about identity fraud
and identity theft, the Etelcharge payment option
is also a perfect match for the millions of individuals
without a credit card, or even a bank account. For
more information, go to www.etelcharge.com.
VSURANCE INC (OTCBB: VSUR)
Vsurance is a leading provider of pet health insurance and other pet health-related services in the United States. Programs include its Get HIP™ Pet Health Insurance for Pets program, the most comprehensive full-coverage pet health insurance plan in the industry. Vsurance provides pet and horse resource centers through the Internet including VetpetMD™, Spot the Pet™, and Purrfect Pet Club™. Programs include life, liability, and health insurance for pets, horses, and other companion animals.
30 - Vsurance's Application Is Approved by Insurance Department to Be a Licensed Reinsurer in the $650 Million Pet Health Insurance Industry
Vsurance, Inc., (OTCBB: VSUR) a leading provider of pet health insurance, announced today that the Company’s application to become a licensed reinsurer has been approved by the Insurance Department of the Island of Nevis.
The Ministry of Finance and Development, Regulation and Supervision Department of the Island of Nevis has approved the Company’s application be a licensed reinsurer under the provisions of the Nevis International Ordinance 2004.
Nevis is among the most common captive insurance jurisdictions of domicile, which include Bermuda, Lloyd’s of London, Guernsey, Switzerland, and Dublin.
For the past twenty years, the island of Nevis has been a popular jurisdiction for investors in the areas of international business and limited liability company formation, as well as the establishment of trusts and other structures, including captive reinsurance companies.
These services, including insurance, are provided through the 1984 Nevis Business Corporation Ordinance, the 1994 Nevis International Exempt Trust Ordinance, the 1995 Nevis Limited Liability Company Ordinance and the 1996 Nevis Offshore Banking Ordinance.
Vsurance, Inc. is one of only a handful of companies in the largely underserved and underdeveloped pet health insurance market. Less than 2% of dog and cat owners in the U.S. insure their pets, compared to 19% in the United Kingdom and 48% in Sweden, where pet health insurance premiums generate over $600 million and $70 million, respectively.
The biggest challenges facing U.S. pet health insurance providers have been the inability to act as the underwriting insurer and provide adequate and cost-effective marketing. Vsurance, however, has developed a unique business model to overcome these challenges.
"Vsurance acts as both the marketing agency and the underwriting reinsurer," stated Vsurance CEO Russell Smith. "As such, we are able to manage all aspects of the pet insurance business, and gain substantial market share of the virtually untapped U.S. pet health insurance market."
Though in its infancy, the U.S. market is growing rapidly, and now exceeds $100 million per year. That number is expected to increase to over $650 million in pet health insurance premiums annually by 2010.
EBENEFITSDIRECT (OTC: EBFD)
eBenefits Direct, Inc. (OTC: EBFD) is a nationwide leader in the direct marketing and distribution of a wide range of health and life insurance products to individuals, families and groups. By utilization of its many call centers across the country it enables an individual to efficiently purchase health and life insurance as well as medical and discount service programs. The company has revolutionized the way health and life insurance has historically been sold. eBenefits Direct, Inc.'s approach is through many mass distribution areas such call centers, the internet and massive lead generation programs.
29 - eBenefits Direct, Inc. Acquires Benefits Processing Corp.
Healthcare Payment Transaction System Partnering With Comprehensive Insurance Provider eBenefits Direct, Inc.
Benefits Processing Corp, a global payment transaction system that targets healthcare markets, has been acquired by eBenefits Direct (OTC: EBFD), a comprehensive insurance company, for an undisclosed amount.
Benefits Processing Corp (BPC) is a global payment transaction system that primarily targets the fast-growing Healthcare membership/benefits markets. BPC provides virtual payment systems similar to PayPal and, where appropriate, couples this with a physical debit card, which is powered by the Visa Network that enables card usage wherever Visa is accepted. BPC enables fast and secure processing of multi-currency payments across international borders to a global consumer base. BPC flexibility allows cardholders to manage all of their payment needs anytime, anywhere, in any currency; Global payments are sent and received on-line instantly.
BPC connects individuals, healthcare program, merchants and financial institutions and allows buyers and sellers to conduct commerce with ease and confidence in both the physical and virtual worlds. BPC's agreement with ChargeKard's Visa Electron affiliation enables it to offer debit cards to consumers that may not have proven banking relationships required for traditional credit or debit cards. This allows BPC to address the rapidly growing International consumer and merchant markets that seek a simple, trusted means for transacting payments in any global territory either over the Internet, physically with a debit card, wherever VISA is accepted, or through the global ATM networks.
"BPC is an alternative to PayPal and standard credit cards as a form of consumer payment," said the eBenefits president, Randy Schleger. "Commonly accepted at grocery stores, gas stations, discount stores and drug stores, BPC's Visa Network leads in brand recognition and usage in healthcare outlets. Consumers want payment choices, and with their secured debit card and their PIN, they can use their BPC card for anything from a pharmacy purchase to a co-payment at the doctor's office, or they can purchase merchandise and services online as well."
See www.ebenefitsprocessing.com for more information.
Employer Inc. (OTC: EPLI)
The Employer Inc. (OTC: EPLI) is
an employer/job seeker human resource service company
focused on a variety of industries. The company provides
recruitment and job placement services in the professional,
management, clerical, administrative, service and
industrial markets. Its unique scientifically based
services, online and offline include job screening,
recruiting, and job matching to employer job requirements.
These unique services feature job seekers profiling,
three levels of background screening, customized personnel
management reports, job profiling, job analysis and
descriptions. Additional services include turnover
tracking and analysis, opinion surveys exit interviews
and follow-up issue analysis. A mainstay of The Employers
Inc. program is its employee/ employer benefits package
featuring an advanced electronic pay card system,
a community based Discount Payment Card including
health, vision, and dental programs. The Discount
Payment Card features over 15 other frequently used
community services for the entire family.
Strategic Alliance Associates provides loss prevention,
safety training, compensation program design, management
development, and pre-employment, skills testing assessments.
Online personal training and education programs providing
job seekers success tips and techniques ranging, from
interviewing skills, to dressing for the most positive
impact on employers.
University Affiliate Projects for research and development
features new products and services designed to keep
The Employer at the cutting edge of the ever changing
employer/job seeker requirements and expectations.
The Employer Inc., being at its
most pivotal point in their business endeavors to
date, is a tremendous value. The anticipation is that
through the growth of the business, and penetration
strategy to capitalize on the potential of the untapped
marketplace, that the management will be able to create
a very large, successful, and well branded company.
26 - The Employer, Inc. Officially Enters Into Marketing Agreement With North Scottsdale Chamber of Commerce
The Employer Contracted to Provide Exclusive Services to Distinguished Emerging Chamber of Commerce Businesses and Members
The Employer Inc. (OTC: EPLI) announced that they have been awarded a contract with the North Scottsdale Chamber of Commerce and will be now providing its exclusive services and benefits to the North Scottsdale Chamber of Commerce and all their members. The Employer went up against a major national firm and succeeded in earning the exclusive opportunity to service the needs of North Scottsdale Arizona's Chamber of Commerce members.
Arizona is currently the fastest growing state in the nation, with Scottsdale being of the leading emerging cities, boasting current population nearing almost a quarter million. Scottsdale has become internationally recognized as a premier and posh tourist destination, experiencing a nearly 20% increase in population since 2006.
At the beginning of the year the North Scottsdale Chamber had membership exceeding 200 companies, and has continued to grow exponentially. The strategy to service the Chamber of Commerce consists of a program designed to provide a revenue sharing platform that is an advantageous solution for the Chamber's small to medium sized employers.
With the fulfillment of this initial Chamber of Commerce service agreement, The Employer intends to utilize this model as a footprint to penetrate this market nationally. Initially the Company intends to secure partnerships with other Chambers in Arizona, followed by the pursuit of California as the next targeted territory. Each Chamber of Commerce represents an estimated 150 to 300 employer members. This strategy is anticipated to be one of the Company's largest sources of growth.
"We are honored to have earned this partnership. This is a very significant milestone for the growth of our company. Our company intends to deliver the utmost in service to the Chamber as we do all our valuable clients and, as a result, roll out a business model that can be successfully duplicated nationwide," stated Warren Guth, Director of Special Markets, The Employer Inc.
Latin Television Inc. (OTCBB: LTVS)
Latin Television, Inc. (OTCBB: LTVS) is building, and developing a following among young Hispanic adults in the US market by offering a variety of Spanish-language entertainment programs, movies, sports and news.
Through a combination of original programming and entertainment targeting a large untapped Hispanic audience, LTVS is delivering the highest quality content to this under-served market and is helping to change the perceptions of young Hispanic-Americans regarding Latin television and entertainment.
As LTVS grows, its programming will consist of entertainment, news, sports, culture, lifestyle and educational programming, including programs that teach English and cultural assimilation.
Its sports programming will include boxing, professional soccer and Mixed Martial Arts.
In contrast to other networks that rely on purchased or canned programming, LTVS intends to develop original content which will differentiate its network from the competition.
To expand and develop its sports programming, the Company has formed alliances with various sporting leagues and promoters through Baral, Inc. which includes Mexican Primera A Division Football (soccer) and Mexican wrestling.
The Company is currently negotiating an agreement with White Chocolate Entertainment to air and produce Mixed Martial Arts (MMA) events and lifestyle shows using well-known MMA stars and guest commentators.
LTVS has recently formed an alliance with Peter Thomas Entertainment Group to reinvigorate the legendary “How Can I Be Down?” (HCIBD?) Lifestyle conference. HCIBD? was initially formed in 1993; by 1996, this conference was attracting 10,000 participants and 100,000 visitors. The conference provides LTVS a strong entrée into the urban Latin market.
With a current broadcasting footprint reaching approximately 12 million Hispanics in the US, LTVS plans to continue to expand its affiliations with Low Power TV stations through additional LMAs in high density, top ten Hispanic markets, as well as to continue to create a cable television footprint throughout the United States and Mexico.
The Company plans to enter the Mexican broadcasting market in 2008 and the South American market in 2009.
26 - Latin Television, Inc. Announces New Television Program, La Le Usted, ''The Law and You,'' as Part of the Company's New Education Initiative
One Hour Show to Feature Legal Experts from Top Law Firms in the U.S.
Latin Television, Inc. (OTCBB: LTVS) announced that the company will debut a new television program, "La Le Usted" or "The Law and You," as part of the Company’s new education initiative.
La Le Usted is a new legal information-based show featuring legal experts from the top law firms in the United States. Each one hour episode will focus on one particular legal issue. Topics addressed include real estate, injury and accident, estate law, elder law, insurance and medical law. Each episode of the new exciting show will also feature a 30 minute call-in question and answer feature, allowing viewers to receive advice directly from the legal experts representing three of the top law firms in the U.S. chosen by LTV. La Le Usted’s legal experts will be chosen from the top law firms in the country. The names of the firms chosen to participate in the program will be announced in the coming weeks.
The introduction of La Le Usted is one of Latin Television’s three new shows planned as part of the Company’s new education initiative.
“We at LTV are strongly committed to educating the younger Hispanic market,” stated Randall Appel, CEO of Latin Television, Inc. “The younger generation of Hispanics have different questions and concerns than the previous generation. That is why we strive to provide the youth generation with the freshest, most contemporary programming on the market today.”
DELIVERY SYSTEMS (OTCBB: SPNG)
Systems (OTCBB: SPNG) is a development stage company
which designs, produces, markets and distributes cleaning
products for vehicular use utilizing patented technology
relating to sponges containing hydrophilic (liquid
absorbing) foam polyurethane matrices. The Company's
sponges are specially configured with an outer contact
layer and an inner matrix, which is loaded with specially
formulated soaps and wax that are released when the
sponge is applied to a surface with minimal pressure.
The Company's products are currently designed specifically
for vehicular cleaning use. However, the Company is
exploring the possibility of using its patented technology
for the development of sponges for other uses, including
for use with anti-bacterial, bath and kitchen soaps
for household uses, as well as for use as a children's
bath foam sponge.
Spongetech Delivery Systems President & CEO Michael Metter to Appear on MoneyTV
MoneyTV is the nationally syndicated television program all about money and what makes it happen, (http://www.moneytv.net), featuring informative interviews by hosts Donald Baillargeon and Skip Lindeman with company CEOs, providing insights into their operations and outlooks for their futures.
Free information packages from the featured companies can be requested by sending an email to
The television program can also be viewed online immediately at www.moneytv.net.
Featured companies on this week's program include:
USA Video Interactive Corp (OTCBB: USVO) Business Development executive Patrick Gregston spoke of the piracy of digital media and the company's SmartMarks solution, a product that embeds a watermark on each frame, "so that the crooks can be traced."
Seamless Wi-Fi, Inc. (OTCBB: SLWF.OB) CEO Al Reda demonstrated the company's S-XGen hand held computer, which features a nearly full sized keyboard, GPS, PDA and cell phone.
Indymac Bank's Mortgage Minute Guy Roger Schlesinger discussed the anticipated rate cut from the Federal Reserve.
Spongetech Delivery Systems, Inc. (OTCBB: SPNG) President & CEO Michael Metter explained in detail a recent press release issued by the company.
Itronics, Inc. (OTCBB: ITRO) CEO John Whitney announced a gold information web site, insidemetals.com.
Viewers of MoneyTV can receive free information in the mail about featured companies by calling the toll-free phone number on their TV screen. The weekly television program debuted in 1996 and is broadcast nationally in the USA to 70 million U.S. homes on Saturdays at 11:00 AM ET, Sundays at 8:30 AM PT, 8:30 AM ET, 9:30 AM ET, 3:30 PM ET and Mondays at 6:30 PM ET.
MoneyTV is broadcast to 45 million TV homes in Western Europe, Wednesdays at 5:00 PM.
MoneyTV is also broadcast on UPN-TV in the Virgin Islands and Puerto Rico Sundays at 8:00 AM.
MoneyTV is also available in Thailand on the Broad TV Network.
A complete menu of TV listings is available at the MoneyTV web site, http://www.moneytv.net.
PLANETLINK COMMUNICATIONS (OTCBB: PLKC)
"Up 37.50% in morning trading "
PlanetLink Communications, Inc. (OTCBB: PLKC), through its subsidiaries, engages in the development of satellite-enabled products based on global positioning systems (GPS) technology for vehicle tracking and fleet management. It offers TransTRAK, a vehicle tracking system that is designed to deliver vehicle location, speed, distance monitoring, and other vehicle behavior variables to customers. The company also leases GPS devices, as well as operates coin-laundry facilities. PlanetLink markets its products to wholesale/retail delivery fleets, landscape contractors, towing companies, plumbing and electrical contractors, utility and service fleets, heating and A/C contractors, cattle hauling companies, and local moving and pest control companies. The company has strategic alliances with WebTech Wireless, Inc.; Karta Technologies, Inc.; MapQuest.com, Inc.; and Cingular Wireless, LLC. PlanetLink was founded in 1999 and is based in Cumming, Georgia.
PlanetLink Announces LOI to Acquire DnC Multimedia, Inc.
PlanetLink Communications Inc. (OTCBB: PLKC) announced that its subsidiary, PlanetTRAKS, Inc., has signed a letter of intent to acquire DnC Multimedia, Inc., a Delaware corporation and successor to South Korean company DnC Tech, Inc. ("DnC").
"The Pluginz business has been working on an acquisition of DnC for some time. We intend to exploit the synergies between DnC and Pluginz as a foundation for building a great media technology company. With DnC's strength in hardware design and manufacturing and Pluginz' Web 2.0 capabilities, we look forward to offering cutting edge multimedia products that seamlessly integrate with our Web offerings," commented Robert Lott, CEO of Pluginz.
Hans Park, CEO of DnC, commented, "I am extremely pleased to be joining forces with Pluginz as a subsidiary of a US public company. We believe Pluginz has created a unique position within the media technology markets that will be tremendously valuable to the planning and marketing of future DnC products. As its customers range from high-end Hollywood facilities to consumer level YouTube contributors, we look forward to catering to their needs at each level. We are especially excited about the opportunity to fuel the trend toward democratization of video on the Web and through the use of portable devices."
DnC is a designer and manufacturer of a range of digital media technology products, including portable media players (e.g. mp3 audio, video, etc.) and high-end encoding technology. The Company is now headquartered in Palo Alto, California and maintains its engineering and R&D facilities in Seoul, South Korea. DnC's portable media players are among the highest rated in the consumer market, and are sold through leading retail chain stores in the US and Europe. The Company designs and manufactures many of its media players in OEM relationships with leading consumer electronics companies, and as private label products for leading global retail chain stores. DnC has also licensed digital technology to a number of leading electronics and software companies.
TRIMAX CORPORATION (OTCBB: TMXO)
in morning trading"
Trimax (OTCBB: TMXO) and its wholly owned subsidiary, PLC Network Solutions Inc., are providers of Broadband over Power Line (BPL) communication technologies. Trimax/PLC specializes in the development, distribution, implementation, and servicing technologies that use the power grid to deliver 128-bit encrypted high-speed symmetrical broadband for data, voice, video transmission, and many other carried applications including Digital Signage. BPL is a communications technology that transforms the existing ubiquitous powerline infrastructure and common electrical wiring in commercial and residential buildings into a high-bandwidth network. Broadband is delivered simultaneously on a single platform to every electrical outlet throughout the home or business. To connect, users simply plug a modem into any electrical outlet, and plug their computer, phone, security camera, digital screen or IP device into the modem.
Trimax Purchases 126 Digital Signage Screens In Advance of Anticipated Orders Totaling $226,000
Trimax Corporation (OTCBB: TMXO), providers of Broadband over Power Line (BPL) communication technologies, announces the purchase of 126 digital signage screens. The screens have been purchased on behalf of Trimax by various investors and partners, and have been delivered to a holding facility awaiting the closing of anticipated digital signage contracts that could potentially total up to $226,000 worth of preliminary contract orders.
Trimax recently acquired proprietary digital signage technology through Cybersonics Broadcast Services, which closed on August 8, 2007. The asset purchase provides Trimax with all Cybersonics software and management tools, proprietary hardware designs, source code, copyrights and all intellectual property, digital signage reseller agreements, distribution agreements and purchase orders for customer's digital signage and out-of-home advertising networks.
The company has since been involved in several pilot projects with an assortment of potential clients for BPL enhanced digital signage screens and content management. These pilots have thus far have yielded extremely promising reactions and feedback. Trimax has been showcasing a complete digital signage solution, including its content management software, and professional remote management tools for administrators to easily manage larger-scale deployments which can be further enhanced and be made more cost effective with the use of Broadband over Powerlines technology (BPL).
Digital signage is becoming more and more popular in our daily lives. It replaces or enhances traditional signs by providing a flexible and interactive communication platform to promote, inform, educate, and entertain specific audiences at specific times in a variety of out-of-home occasions, such as hotels, airports, banks, schools, and other public spaces. Trimax hopes with its proprietary digital signage and content management technology to be an ever growing part of the estimated 14 Billion dollar global market by 2011.
DEEP BLUE MARINE (OTC: DPBM)
in morning trading"
Deep Blue Marine, Inc. (OTC: DPBM) is engaged in deep water exploration and recovery of important treasures and artifacts worldwide. In the coming season, the company will dive on known and permitted wrecks as well as establish exact locations of other known wrecks. All work is video recorded.
Editing Goes Forward on Reality TV Show for Deep Blue Marine
Deep Blue Marine, Inc. (Pink Sheets: DPBM) announced that editing is going forward on footage shot in several locations of the diving activities of the crews of Deep Blue Marine, Inc. The company was approached and contracted for several days of shooting in various locations showing the activities of Deep Blue Marine for a potential reality series based on the activities of the company and its divers. If the pilot is successful, a number of unscripted episodes for a reality type series will be shot on location. The footage shot was actual search and recovery work performed by the company.
Wilf Blum, President and CEO, had this to say, "We are expecting the rough cuts to completed by the first week of November with final edits completed before the end of that month. The producers are working on a musical score as well as additional features that will enhance the show and make it a very audience interactive format. We could not be more excited at this time."
For more information on Deep Blue Marine, Inc. (DPBM) visit www.alldeepblue.com.
Deep Blue Marine Inc. Rated 'Speculative Buy' by Beacon Equity Research
Deep Blue Marine Inc. (OTC: DPBM) has been rated a “Speculative Buy” with a target price of $.06 by Beacon Equity Research Analyst, Victor Sula, PhD.
AMERIRESOURCE TECHNOLOGIES (OTCBB: AMRE)
in morning trading"
AmeriResource Technologies, Inc. (OTCBB: AMRE), through its subsidiaries, operates online auction drop-off locations that enables online sale of goods on eBay. As of March 31, 2007, the company operated 8 drop-off locations, as well as 25 affiliate locations. It also develops self-serve/checkout systems that enable customers of fast-food and take-out restaurants to place their food and beverage orders and pay with cash or a credit/debit card; and provides software design and product development for commercial business users doing business on eBay. The company also provides eBay liquidation services for excess inventory, overstock items, and merchandise that has been returned to the retailer; and conducts sales on eBay for the customers. In addition, it provides voice over Internet protocol (IP) communications solutions and IP communications devices. The company was incorporated in 1989 and is based in Las Vegas, Nevada.
AmeriResource Subsidiary RoboServer Signs Letter of Intent With Premier Fortis Group, LLC
AmeriResource Technologies, Inc. (OTCBB: AMRE) announced that its subsidiary, RoboServer Systems Corp., (OTC: RBSY), developer of the revolutionary Self-Serve System that enables quick-service restaurant customers to process their own orders on a touch-screen kiosk, has signed a Letter of Intent with Premier Fortis Group, LLC.
Janovec, CEO of AmeriResource, commented, "RoboServer has signed a Letter of Intent with Premier Fortis Group, LLC, an owner, operator and franchisee of a National Fast-Food chain which ranks in the Top 10 as the Best Overall Franchise to own, with multiple store locations, for the development of a pilot program utilizing the RoboServer CT-MY1-Assisted Server. The Pilot Program is to establish a self-serve system through a kiosk application which will streamline Premier Fortis's customers ordering and payment processing of orders. Premier Fortis plans to have RoboServer install the units during the fourth quarter of 2007.
"The RoboServer CT-MY1 will assist in their ordering and payment processing at one of Premier Fortis's busiest Fast-Food locations. The Assisted Server will facilitate the ordering process thereby reducing long customer lines and provide orders which are accurate. The RoboServer CT-MY1 will provide Premier Fortis customers with options for the ordering of food and process of payment. Upon a successful Pilot Program with Premier Fortis Group, LLC, Premier will either purchase or lease the RoboServer CT-MY1-Assisted Server units," added Janovec.
The CT-MY1 is designed to replace standard POS terminals/cash registers at the counter, and allows a single employee to monitor several ordering queues simultaneously. It functions as a self-service station and can be used as a regular POS if the customers do not want to place their own orders. The "Assisted Server" is a step in moving toward total Self Service or to replace orders using the conventional POS function. In a busy environment, one employee can assist and monitor 4 units while customers do their own ordering, thus reducing employee counts, improving customer satisfaction and order accuracy.
HEAR ATLAST HOLDINGS (OTC: HRAL)
in morning trading"
HearAtLast Holdings, Inc. (Pink Sheets: HRAL) is a Nevada corporation that owns and operates its wholly-owned subsidiary HearAtLast Inc., a chain of hearing stores specializing in the sale of digital hearing aids and testing services. The company develops, owns, and operates hearing aid clinics co-located within select Wal-Mart stores throughout Canada. HearAtLast facilities sell a selection of high quality brand name hearing aids and also offer complimentary screening tests, clinical hearing tests, instant custom MP3 headphones and custom hearing protection. The Company’s mission is to consolidate the highly fragmented hearing services industry while providing unparalleled service to the estimated 30+ million hearing impaired individuals throughout North America. After a prescription is approved, the independent on-site audiologists and hearing aid practitioners at HearAtLast utilize a refined process to dispense a hearing aid in about an hour.
HearAtLast Continues Rapid Expansion Opening Two New Retail Locations in Richmond Hill and Markham Wal-Mart Stores Number 3195 and 3053
HearAtLast Holdings, Inc. (Pinksheets: HRAL) announced that it has received additional licenses from Wal-Mart Canada, a wholly owned subsidiary of Wal-Mart International, Inc. (NYSE: WMT), to open their ninth and tenth hearing-aid clinics in two Toronto area Wal-Mart Stores. Wal-Mart Store #3195 located at 1070 Major Mackenzie Drive in Richmond Hill and Wal-Mart Store #3053 located at 5000 Highway #7 Unit Y006A in Markham will both officially open today. This expansion is a direct result of the Company exercising its option under a master licensing agreement with Wal-Mart International which allows HearAtLast to open hearing aid clinics within numerous Wal-Mart locations throughout Canada.
“We are pleased to continue our expansion in the Greater Toronto area in these two prime locations. Richmond Hill is a stable well established community and one of the wealthiest suburbs in Ontario. Their consumer demographic is well suited for our business model. The Markham location is also quite attractive as it is the high tech capital of Canada and the seventh largest municipality in Ontario.” stated Robert J. Oswald, President of HearAtLast. “This dual opening further proves that we are streamlining our expansion capabilities as we grow the business.” Oswald added.
The addition of the Richmond Hill and Markham stores brings the current count of HearAtLast clinics co-located in Wal-Mart Stores to 10 locations in Canada, five of which are located in the Greater Toronto Ontario area.
POINT BLANK SOLUTIONS (OTC: DHBT)
in morning trading"
Point Blank Solutions, Inc., (Pink Sheets: DHBT) through its subsidiaries, engages in the manufacture and marketing of protective body armor and health related sports braces, and related equipment in the United States and internationally. It offers bullet and projectile-resistant garments, fragmentation protective vests, slash and stab protective armor, and related ballistic accessories, which are used by military, law enforcement, security, and corrections personnel, as well as government agencies. The company also manufactures and distributes sports medicine, health support, and other products, including various knee, ankle, elbow, wrist, and back supports and braces that assist serious athletes, weekend sports enthusiasts, and general consumers in their sports and everyday activities. Its body armor products and related accessories protect individuals from bodily injury and death from various threats, including bullets, knives, shrapnel fragments, and other sharp instruments. In addition, Point Blank Solutions involves in designing, building, and selling advanced systems that safeguard its users from a range of threats. The company sells its health support products under FLEX-AIDTM brand name through contracts, sales agents, and a network of distributors; and private labels or store brands through mass merchandisers, chain drug stores, food chains, independent sporting goods retailers, independent pharmacies, catalogs, wholesalers, and e-commerce. It serves national retail establishments and established wholesalers in the healthcare industry. The company was founded in 1992. It was formerly known as DHB Industries, Inc. and changed its name to Point Blank Solutions, Inc. in October 2007. Point Blank Solutions is headquartered in Pompano Beach, Florida.
30 - Steel Partners Submits Proposal to Acquire Point Blank Solutions
Steel Partners II, L.P. today sent a letter to the Board of Directors of Point Blank Solutions, Inc. (“PBSI” or the “Company”) (Pink Sheets: DHBT) stating its willingness to enter into negotiations to acquire all of the common stock of PBSI it does not already own for no less than $5.50 per share in cash, representing at least a 23% premium to PBSI’s closing price on October 29, 2007.
PBSI’s core business is the manufacturing of body armor and protective clothing for the military and law enforcement.
“We are confident that our proposal represents the best strategic alternative available to immediately maximize shareholder value for the Company and its public shareholders,” Warren G. Lichtenstein, Managing Member of Steel Partners stated in the letter.
Steel stressed its extensive experience working with and maximizing the value of other public companies in the defense industry, including United Industrial Corporation, Aydin Corp., ECC International Corp. and Tech-Sym Corp.
Full text of the letter:
October 30, 2007
Point Blank Solutions, Inc. (f/k/a DHB Industries, Inc.)
2102 SW 2nd Street
Pompano Beach, Florida 33069
Attn: General Larry R. Ellis, President & CEO
Senator William Campbell, Chairman of the Board
CC: Board of Directors
Dear General Ellis and Senator Campbell:
Steel Partners II, L.P. ("Steel"), a shareholder of Point Blank Solutions, Inc. ("PBSI" or the "Company"), has recently expressed its willingness to you and the Board to enter into a negotiated transaction with the Company that we believe would create immediate value for all of the Company's shareholders.
As you know, Steel has extensive experience working with and maximizing the value of public companies in the defense industry. A prime example is our involvement with United Industrial Corporation ("UIC"). We obtained representation on UIC's board in order to effect changes in management and corporate governance on behalf of all of UIC's shareholders. Ultimately, we were able to implement improvements in capital structure, cost structure and operational strategy that have been reflected in UIC's current stock price. When Steel began investing in UIC in April 1999, UIC's shares were trading at approximately $9.85 per share. Today, UIC is up over 700% from Steel's initial investment price and recently agreed to be sold to Textron, Inc. for $81 per share in cash. The total value of the acquisition is approximately $1.1 billion. In both 2006 and 2007, UIC was ranked one of the 200 best small companies in the U.S. by Forbes Magazine.
Steel has also worked with and enhanced the value of other defense companies, including Aydin Corp. ("Aydin"), ECC International Corp. ("ECC") and Tech-Sym Corp. ("Tech-Sym"), all of which were sold at attractive premiums after Steel became involved on the Board of Directors of each of these companies. In March 1999, Aydin agreed to be acquired by L-3 Communications for $13.50 per share, representing a 57% premium over Aydin's share price prior to Steel's involvement on the Aydin Board of Directors. In September 2000, Tech-Sym Corp. shareholders approved an acquisition by Integrated Defense Technologies, Inc. for $30 per share, representing approximately a 67% premium over Tech-Sym's share price prior to Steel's involvement on the Board of Directors. In August 2003, ECC agreed to be acquired by Cubic Corporation for $5.25 per share in cash, representing an approximate 60% premium over ECC's share price prior to Steel's involvement on the Board of Directors.
We were informed that PBSI's Board had retained bankers, and could not respond at that point to Steel's acquisition proposal and request for due diligence, but that we would be hearing from the Company. It has been some time and we are still awaiting a substantive response from the Company. While it was our preference to communicate privately with the Company regarding a value enhancing transaction, no progress has been made in the two months since Steel first expressed interest in acquiring the Company. Accordingly, Steel hereby publicly sets forth its willingness to enter into discussions with PBSI's Board of Directors to pursue negotiations of a definitive merger agreement to acquire 100% of the capital stock of PBSI, through a newly-formed acquisition vehicle affiliated with Steel, for no less than $5.50 per share in cash. This proposal represents no less than an attractive 23% premium to yesterday's closing price. Our proposal is not subject to any financing contingency and we would be willing to agree to discuss commencing a tender offer upon signing a definitive merger agreement to facilitate immediate liquidity to the Company's shareholders.
Steel's proposal would provide PBSI's shareholders with the immediate opportunity to maximize the value of their investment in the Company. We are confident that our proposal represents the best strategic alternative available to immediately maximize shareholder value for the Company and its public shareholders.
We propose that the transaction be accomplished through a definitive tender offer/merger agreement. Our proposal is conditioned upon satisfactory completion of due diligence, obtaining all necessary consents and approvals, redemption or waiver of the shareholder rights plan, waiver of any other anti-takeover provisions and certain other customary conditions.
We have a due diligence team including attorneys, accountants and financial advisors available to promptly commence and complete all required due diligence. With the Company's cooperation, we would anticipate being able to complete due diligence in no more than 30 days. We are prepared to immediately negotiate a definitive purchase agreement that embodies the terms and conditions of our proposal and enter into the definitive agreement promptly after completion of due diligence.
If as a result of our due diligence Steel finds evidence of additional value inherent in the Company based on operating results or otherwise, Steel would be willing to upwardly adjust the offer price to reflect such additional value. Steel invites you to share with us any documentation in the Board's possession which it believes reflects additional value in the shares that it believes is not already known to us.
We look forward to promptly moving forward, entering into an appropriate confidentiality agreement and commencing our due diligence immediately. Our proposal is based upon the publicly available information about PBSI known to Steel. This letter should not be construed as a binding obligation on Steel unless and until a definitive agreement is entered into in form acceptable to Steel and Steel reserves the right to withdraw, modify or otherwise change its indication of interest at any time.
Steel stands ready to meet with you and PBSI's Board of Directors and its representatives as soon as possible. Please contact the undersigned at (212) 520-2330 to discuss any questions you or the Board might have.
INFOCUS CORP (NASD: INFS)
in morning trading"
InFocus Corporation (NASD: INFS) provides digital projection technology and services worldwide. It offers mobile projectors, meeting room projectors, and installation and integration projectors for use in the conference room, board room, auditorium, classroom, and living room. The company's products provide users various home cinema, home theater, gaming, and other home entertainment experiences. Its products are used in business, education, government, and home theater and gaming markets for training sessions, meetings, sales presentations, technical seminars, group collaboration, entertainment, and other applications involving sharing of computer generated and/or video information with an audience. It also provides call center and Internet customer support, factory repair, authorized service center repair, accessories, service parts, remanufactured projectors, warranty extension contracts, service contracts, service-related training, service engineering, and technical publications. The company sells its products worldwide through multiple distribution channels, including direct resellers and indirect resellers. InFocus was founded in 1986 and is headquartered in Wilsonville, Oregon.
30 - InFocus Announces Third Quarter 2007 Financial Results
Reports Third Consecutive Quarter of Improved Operating Performance
InFocus® Corporation (NASD: INFS) announced its third quarter 2007 financial results. On a GAAP basis, the Company reported revenue of $75.8 million and a net loss of $2.8 million, or $0.07 per share, compared to a net loss of $7.8 million, or $0.20 per share, for the second quarter of 2007 and a net loss of $19.4 million, or $0.49 per share for the third quarter of 2006.
Commenting on the third quarter results, Bob O’Malley, President and CEO, stated, “We continued to make measurable progress in improving our operating performance during the third quarter. We increased revenue by 2.9 percent and improved gross margin by 1.9 percent over our second quarter performance. These improvements, coupled with continued focus on improving our cost structure, allowed us to reduce our proforma operating loss by nearly 46 percent from Q2 levels, and 69 percent from Q3 of 2006. Our performance in Q3 marks the third consecutive quarter of increased gross margin, lowered operating expenses and reduced operating losses. While we have not yet reached our goal of profitability, I am proud of the continued progress we have made throughout 2007."
Included in the third quarter 2007 results is a restructuring charge of $0.25 million, which accounted for $0.01 per share. Restructuring charges in the second quarter 2007 were $2.1 million or $0.05 per share and $.85 million or $0.02 per share in the third quarter of 2006.
The Company reported total cash, restricted cash, and marketable securities as of September 30, 2007 of $72.7 million, an increase of $5.4 million from Q3 2006 and a decrease of $3.5 from the end of 2006. There were no outstanding borrowings under our line of credit, which was extended to February 28, 2008 during the quarter.
Quarterly Revenue, Unit, ASP and Gross Profit Comparisons
Third quarter revenues of $75.8 million were up 2.9 percent compared with second quarter revenues and down 6.7 percent from revenues in the third quarter of 2006. Projector unit shipments totaled approximately 85,000 units in the third quarter, an increase of approximately 18 percent from the prior quarter and approximately 15 percent compared to the third quarter of 2006. Average Selling Prices (ASPs) during the quarter decreased by approximately 12 percent. Although ASPs declined, overall gross margin increased by 1.9 percent due to improved product mix and lower costs associated with warranty repair operations. These changes resulted in gross margin of 18.2 percent in Q3, up from Q2 levels of 16.3 percent.
Regionally, Americas revenue increased 2 percent while units shipped increased 18 percent from the second quarter of 2007. Revenue and unit shipments in Europe increased by 3 percent and 17 percent, respectively. Asian revenues increased 7 percent compared to the second quarter of 2007 while units increased 20 percent from the second quarter.
Operating Expenses Comparison Excluding Charges
Operating expenses, exclusive of charges, were $17.1 million in the third quarter, an improvement of $1.0 million from the second quarter. The reduction is the result of the Company’s continued efforts to align its cost structure with expected business levels and return to profitability.
Other income for the third quarter was $0.8 million compared to other income of $0.3 million in the second quarter and other expense of $2.4 million in the third quarter of 2006.
Total cash, restricted cash, and marketable securities as of September 30, 2007 were $72.7 million, with no outstanding borrowings, an increase of $5.4 million from June 30, 1997. Day’s sales outstanding in Accounts Receivable for the third quarter were 59 days, an increase of 2 days from the prior quarter. Inventory levels decreased $4.7 million during the quarter to $28.5 million reflecting the Company’s continued emphasis on improved supply chain management.
In closing, Mr. O’Malley commented, “I am pleased with the progress the Company demonstrated in the third quarter. I am proud of the steps that the Management team has put in place to achieve these results and of our employees, who have continued to deliver improved results over the past three quarters. We will continue to focus on improving our operating performance in Q4 and into 2008.”
Reconciliation of GAAP and Pro Forma Information
The Company has recorded charges that are excluded from operating expenses and earnings for comparative purposes.