Beacon Equity Research Rates NMKT 'Speculative Buy,' With $0.54 Target Price
DALLAS, TX--(MARKET WIRE)--Oct 21, 2008 -- NewMarket Technology, Inc. (Other OTC:NMKTE.PK - News) released a letter to shareholders today from the CEO Philip Verges to provide an update on management's considerations in reaction to the prevailing economic conditions. On Friday, October 17, 2008, Beacon Equity Research released an analyst report recommending the Company's stock as a 'Speculative Buy' at $0.54. While the recommendation has been made based on the Company's fundamental performance, the prevailing market environment remains difficult. Management addresses the Company's unchanged growth objectives and continued progress. The letter is included in its entirety below. The Beacon Equity Research report is available at:
http://www.beaconequity.com/main/Covered-Companies/New-Market-Technology-Inc/%28showAs%29/short
(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.)
Dear Fellow Shareholders -
"Only Thing We Have to Fear Is Fear Itself": FDR's First Inaugural Address
Franklin D. Roosevelt was elected president in 1932 at the depth of the Great Depression. In his inaugural address, which was dedicated to economic reform he famously said, "the only thing we have to fear is fear itself." The theme of his address, in addition to outlining his plan for economic reform, was to remind Americans that the nation's "common difficulties" concerned "only material things."
Former Federal Reserve Chairman Alan Greenspan has long argued that economic models don't adequately capture the way the economy behaves. Mr. Greenspan frequently proclaims that human nature, which is prone to euphoria and fear, is likely the principle economic driver, and that unfortunately fear and euphoria measures can't be captured by economic models. In short, if consumers are confident in the economy, they buy and if they are fearful, they don't buy. They don't buy luxuries such as new cars and new couches for the living room or vacations. And fearful of where the market may go in the future, they don't invest in new stock purchases.
Managing Fear and Euphoria
Instead of inspiring courage and dismissing fear as beneath American dignity as President Roosevelt endeavored to do, today's federal government is attempting to merely calm fears with stabilizing investments in the financial industry. America's CEOs are largely following suit, attempting to stabilize fears with confident communications to shareholders. The magnitude of the bank failures and the record size of the bailout investments makes the task of calming fears a rather difficult undertaking.
NewMarket Business as Usual with a Vigilant Attitude
Today at NewMarket, it is business as usual. The economic crisis has not changed our objectives. Business as usual for NewMarket is ongoing aggressive growth. Yes, our share price is much lower than we would all like to see it. Yes, I believe the prevailing economic environment is having an impact on our share price. The current crisis in our national equity and debt markets has affected everyone from Main Street to Wall Street. However, we feel this can also bring great opportunities for a company like NewMarket. Our markets are full of good companies that have seen their share prices disconnect from their fundamental performance. Private company valuations have been similarly discounted through their comparison to public firms. Many good companies around the world are effectively on sale. NewMarket is in the business of seeking out and acquiring good companies with new technologies. This could be one of the best opportunities in our Company's history.
Beacon Equity Research $0.54 Speculative Buy Target Price
Not unlike many companies today, the fundamental operational performance of NewMarket is not reflected in the share price. The current market share price is well below the book value share price. Any explanation of the current share price could only be speculative. Regardless of the explanation, the current share price is an opportunity. Beacon Equity Research has recommended a speculative buy target price of $0.54. In today's market, that seems optimistic, but I believe the message investors should hear is that NewMarket is undervalued at its current price. I remain confident that NewMarket will in the future realize an alignment of the market share price and the underlying fundamental value of the operation.
Prudent Preparations
We are taking reasonable measures to prudently prepare for the possibility of current economic conditions having a residual effect on NewMarket operations. Our objectives will remain unchanged, but our plan of execution may have to be adapted in the face of the economic crisis. While we are taking prudent preparations against predictable operational impacts from the current economic crisis, the possibility of unpredictable impacts are our greatest risk. The only defense against the unpredictable is intestinal fortitude and strength of character. When I was at West Point, we use to play a game called "What Now Cadet?" Instructors would give us historical accounts of overwhelming combat situations without telling us how the situation ultimately turned out. Instead, the instructor would ask how we would handle the scenario. After we did our best to formulate a response, the instructor would finish the story. Each historical account was an incredible success story in the face of overwhelming odds -- squad sized units that defeated division sized enemies, prisoners of war that escaped from armed captors. And the common theme of each story was "guts" or intestinal fortitude and strength of character -- the courage to face the seemingly impossible and the confidence to believe nothing is impossible.
Founder-Managers
In light of the fact that 60% of all startups fail within three years, every entrepreneur that launches a new business demonstrates a high degree of intestinal fortitude and strength of character. To all of you reading that have faced life or death situations, please do not think I am comparing entrepreneurial courage to life or death courage. I am simply illustrating a point. I am recommending that as each of you consider the viability of your investment portfolio (not just NewMarket) within the uncertainty of the prevailing economic environment, that the key factor to consider is the intestinal fortitude and strength of character of the management team associated with each investment. I would look to founder-managers for the greatest strength. I would recommend management teams such as the management team that I have the privilege of working with here at NewMarket. After 11 years of operation, we remain founder-managed today with a verifiable record of overcoming the unpredictable. We are ready for the immediate future in a tumultuous economy.
FDR's Opening Statement in His Inaugural Address
Let me close by sharing more of President Roosevelt's opening statement in his 1933 inaugural address:
"This great Nation will endure as it has endured, will revive and will prosper. So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself -- nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance. In every dark hour of our national life a leadership of frankness and vigor has met with that understanding and support of the people themselves which is essential to victory."
NewMarket is a growth company and NewMarket's leadership intends to aggressively advance the Company's ongoing expansion. We are taking prudent measures against the economic crisis, but we do not plan to fall back from our growth objectives. We have a number of previously announced initiatives to acquire new operations and move our listing to an upgraded exchange among other growth initiatives. All plans are still on and we are planning future announcements in conjunction with our ongoing progress and next steps toward expanding the NewMarket vision and operation.
Thank you for your time and consideration and most of all for your ongoing support.
Best Regards,
Philip Verges
Corporate E-mail Updates
To be added to NewMarket Technology's e-mail database to receive company updates or to obtain more information on the Company, please send an e-mail to ir@newmarkettechnology.com or call 214-722-3065.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified systems integration and maintenance services to support the prevailing industry standard solutions from companies such as Microsoft, Oracle, Infor, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions.
NewMarket delivers its portfolio of products and services through its network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include Latin America, China and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States and Number Five in North America on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005.
The company has continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million in 2006 and most recently $93.1 million in revenue with a net income of $7.3 million in 2007.
"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 NewMarket'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.
Tuesday, October 21, 2008
Sunday, October 19, 2008
Hat Trick Beverages (HKBV) Retires 524 Million and European Merger
TORONTO, Oct. 17 /PRNewswire-FirstCall/ - http://www.hattrickdrinks.com (Pink Sheets: HKBV - News) Hat Trick Beverages is pleased to announce that it has completed the retirement of 524 million shares to treasury.
As previously announced, these shares were allocated to acquire Palm Beach Specialty Coffee and distribution rights for Lamborghini Beverages for North America, which have now been abandoned.
In other Company news, Hat Trick has received an unsolicited offer to be acquired by a European based publicly traded Company on the Frankfurt Germany exchange. They have expressed strong interest in the Company's portfolio of innovative beverages and vending machines, as well as the recently acquired manufacturing capabilities in Italy.
The Company is currently reviewing the proposal, and will be assessing the value of the offer over the next few days, before making any recommendations as to whether to proceed with the sale of these assets, or an outright merger with the prospective buyer.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet filings (www.pinksheets.com) and updates to our websites. Other websites not sponsored or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation describing the risks of investing in penny stocks."
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
As previously announced, these shares were allocated to acquire Palm Beach Specialty Coffee and distribution rights for Lamborghini Beverages for North America, which have now been abandoned.
In other Company news, Hat Trick has received an unsolicited offer to be acquired by a European based publicly traded Company on the Frankfurt Germany exchange. They have expressed strong interest in the Company's portfolio of innovative beverages and vending machines, as well as the recently acquired manufacturing capabilities in Italy.
The Company is currently reviewing the proposal, and will be assessing the value of the offer over the next few days, before making any recommendations as to whether to proceed with the sale of these assets, or an outright merger with the prospective buyer.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet filings (www.pinksheets.com) and updates to our websites. Other websites not sponsored or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation describing the risks of investing in penny stocks."
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
NewMarket Technology Inc.: Rated 'Speculative Buy,' Target Price $0.54 by Beacon Equity Research
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Press Release Source: NewMarket Technology Inc.
NewMarket Technology Inc.: Rated 'Speculative Buy,' Target Price $0.54 by Beacon Equity Research
Friday October 17, 4:48 pm ET
DALLAS--(BUSINESS WIRE)--NewMarket Technology Inc. (Pink Sheets: NMKT - News) has been rated Speculative Buy with a price target of $0.54 by Beacon Analyst, Victor Sula, Ph.D.
The full report is available at http://www.beaconequity.com/main/Covered-Companies/New-Market- Technology-Inc/(showAs)/short (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.)
Anyone interested in receiving alerts regarding NMKT research should e-mail members@beaconequity.com with “NMKT” in the subject line.
In the report, the analyst writes, “Given the favorable industry forecasts, prior development record and optimistic management outlook we anticipate NMKT to report solid growth over the next five years. We consider the Company well on track to exceed $120 million in revenues for 2008 and likely to pass through $160 million milestone during the 2009.”
Other companies in the technology sector include: Electronic Data Systems (NYSE: EDS - News), Affiliated Computer Services (NYSE: ACS - News), Acxiom (Nasdaq: ACXM - News) and Perot Systems (NYSE: PER - News).
Beacon Equity Research Disclosure
The analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. BeaconEquity.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. BeaconEquity.com is a wholly owned entity of BlueWave Advisors, LLC, which has been compensated eight thousand five hundred dollars from Oceanic Consulting, a shareholder of NMKT, as a marketing budget to manage a comprehensive investor awareness program including the creation and distribution of this report as well as other investor relations efforts. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Please read our report and visit our website, BeaconEquity.com, for complete disclosures.
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Financial News
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Press Release Source: NewMarket Technology Inc.
NewMarket Technology Inc.: Rated 'Speculative Buy,' Target Price $0.54 by Beacon Equity Research
Friday October 17, 4:48 pm ET
DALLAS--(BUSINESS WIRE)--NewMarket Technology Inc. (Pink Sheets: NMKT - News) has been rated Speculative Buy with a price target of $0.54 by Beacon Analyst, Victor Sula, Ph.D.
The full report is available at http://www.beaconequity.com/main/Covered-Companies/New-Market- Technology-Inc/(showAs)/short (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.)
Anyone interested in receiving alerts regarding NMKT research should e-mail members@beaconequity.com with “NMKT” in the subject line.
In the report, the analyst writes, “Given the favorable industry forecasts, prior development record and optimistic management outlook we anticipate NMKT to report solid growth over the next five years. We consider the Company well on track to exceed $120 million in revenues for 2008 and likely to pass through $160 million milestone during the 2009.”
Other companies in the technology sector include: Electronic Data Systems (NYSE: EDS - News), Affiliated Computer Services (NYSE: ACS - News), Acxiom (Nasdaq: ACXM - News) and Perot Systems (NYSE: PER - News).
Beacon Equity Research Disclosure
The analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. BeaconEquity.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. BeaconEquity.com is a wholly owned entity of BlueWave Advisors, LLC, which has been compensated eight thousand five hundred dollars from Oceanic Consulting, a shareholder of NMKT, as a marketing budget to manage a comprehensive investor awareness program including the creation and distribution of this report as well as other investor relations efforts. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Please read our report and visit our website, BeaconEquity.com, for complete disclosures.
NewMarket Technology, Inc.'s UniOne Signs Technology Service Contract With Banco Daycoval S.A.
DALLAS, TX--(MARKET WIRE)--Oct 17, 2008 -- NewMarket Technology, Inc. (Other OTC:NMKTE.PK - News) today announced the Company's Brazilian subsidiary, UniOne, has signed a technology services contract with a new customer, Banco Daycoval S.A. The contract includes supplying personnel with expertise in SQL and .Net. The initial contract is for three months, with the possibility of extension and the addition of other technology support services. Banco Daycoval is a mid-size financial institution specialized in the middle market segment, offering a complete line of products and services, including payroll and auto loans, for both corporate clients and individuals. Banco Daycoval is headquartered in Sao Paulo with 27 branches in 22 cities across Brazil. UniOne also recently won a similar project supplying PL/SQL and .Net services with another new client, the multi-billion dollar, leading global supply chain management company CEVA Logistics.
NewMarket's operations in Latin America are leading Microsoft and Oracle partners in the region and have seen substantial growth from these partnerships over the past year. For the first half of 2008, NewMarket's Latin American operations have accounted for approximately $12.6 million in revenue YTD with $528,600 in net income, supporting the Company's global goal of $120 million in profitable revenue for 2008. In 2007, NewMarket reported $93.1 million in revenue with $7.3 million in net income across all its operations.
UniOne's Operations
UniOne has offices in Brazil and Chile and provides Business Intelligence (BI), Enterprise Resource Planning (ERP), Business Performance Management (BPM), Customer Relationship Management (CRM) and Services Oriented Architecture (SOA) consulting services throughout Latin America. For more information on UniOne, please visit www.unione.com.br.
Corporate E-mail Updates
To be added to NewMarket Technology's e-mail database to receive company updates or to obtain more information on the Company, please send an e-mail to ir@newmarkettechnology.com or call 214-722-3065.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified systems integration and maintenance services to support the prevailing industry standard solutions from companies such as Microsoft, Oracle, Infor, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions.
NewMarket delivers its portfolio of products and services through its network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include Latin America, China and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States and Number Five in North America on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005.
The company has continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million in 2006 and most recently $93.1 million in revenue with a net income of $7.3 million in 2007.
"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 NewMarket'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.
NewMarket's operations in Latin America are leading Microsoft and Oracle partners in the region and have seen substantial growth from these partnerships over the past year. For the first half of 2008, NewMarket's Latin American operations have accounted for approximately $12.6 million in revenue YTD with $528,600 in net income, supporting the Company's global goal of $120 million in profitable revenue for 2008. In 2007, NewMarket reported $93.1 million in revenue with $7.3 million in net income across all its operations.
UniOne's Operations
UniOne has offices in Brazil and Chile and provides Business Intelligence (BI), Enterprise Resource Planning (ERP), Business Performance Management (BPM), Customer Relationship Management (CRM) and Services Oriented Architecture (SOA) consulting services throughout Latin America. For more information on UniOne, please visit www.unione.com.br.
Corporate E-mail Updates
To be added to NewMarket Technology's e-mail database to receive company updates or to obtain more information on the Company, please send an e-mail to ir@newmarkettechnology.com or call 214-722-3065.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified systems integration and maintenance services to support the prevailing industry standard solutions from companies such as Microsoft, Oracle, Infor, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions.
NewMarket delivers its portfolio of products and services through its network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include Latin America, China and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States and Number Five in North America on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005.
The company has continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million in 2006 and most recently $93.1 million in revenue with a net income of $7.3 million in 2007.
"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 NewMarket'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.
Thursday, October 16, 2008
Dakshidin Investor Relations Reviews and Answers the Most Commonly Asked Questions From Shareholders
LAS VEGAS, NV--(MARKET WIRE)--Oct 16, 2008 -- Dakshidin Corporation (Other OTC:DKSC.PK - News) (Frankfurt:4LQ.F - News)
Mr. Brent O'Connor, Investor Relations Coordinator for DKSC, expresses rising optimism towards the company's development moving forward.
I.R. -- Reviews and Answers the most commonly asked questions from shareholders:
Q1.) Have any of Dakshidin's water pumping windmills been sold to date?
A1.) Yes, windmills are sold primarily within China and to Central America and the Caribbean and all agreed terms of payment have been met.
Shipping dates and method of transportation is at sole responsibility of the purchaser even though we are prepaid for the product, the shipping dates may not coincide with the payment date as it is up to them to arrange delivery with their shipping agent.
Q2.) Who is currently building Dakshidin's windmills?
A2.) Dakshidin is currently contracting the manufacturing of the Restec Mark 10 water pumping windmills with Jilin City Daxin Water Pumping Windmill Co., Ltd.
Q3.) When will Dakshidin own its own manufacturing facilities?
A3.) Dakshidin's majority owned subsidiary company; HKS (Wuhu) Environmental Energy Development Ltd. has signed an M.O.U to purchase 100% of Jilin City Daxin Water Pumping Windmill Co., Ltd. Final negotiations are to be completed by the year-end of 2008 pending an accounting review.
Q4.) Are there more windmill sales forecasted in the near future?
A4.) Yes, Dakshidin has entered into a signed agreement with a Provincial Government within China to deliver a water pumping windmill system for demonstration to its district villages and has agreed to purchase a substantial number of windmills over the next coming year upon meeting the agreed to set pumping criteria. The payment for the windmills will be paid for by the Central Government as per the order schedule. A News release will be published in the near future concerning this agreement.
Yes, there are other windmill sales currently in negotiations that cannot be publicly disclosed at this time until the sales negotiations are completely finalized and the company has received permission to identify the purchasers.
Q5.) What country is Dakshidin primarily focusing their sales on? Why?
A5.) China is our main focus for sales as our manufacturing is within the country and the demand for our products is enormous in the agriculture area and the fact that most water for farming is pumped by hand and that fossil fuel energy has become too expensive and not readily accessible in most farming areas. The Central Government has informed Dakshidin, it is their mandate to provide enough water for farming irrigation to feed the 1.3 billion population and this a priority. The Restec Mark 10 Water pumping Windmill is a long-term cost effective proven method of meeting their objective. In China alone the sales potential of water pumping windmills is in thousands. Export Sales outside of China are an added bonus. Therefore, it has been determined by the company, sales outside of China will be a secondary direction of interest.
Q6.) When will Dakshidin become a fully reporting company, making their financials public information, and why are they not fully reporting now?
A6.) Under laws and regulations of the Pinksheet exchange, the SEC does not require Pinksheet Companies to fully report any of their revenues, however DKSC is planning on becoming fully reporting as soon as the additional reporting operating costs are warranted. Auditing and filings can cost anywhere from $75,000.00 +, expenses which the company cannot justify at this time. The company is aiming to file financial information as soon as it becomes feasible. However, the company has been financed by private placements and by principal shareholders.
Q7.) When will the company be trading on one of the more senior exchanges?
A7.) DKSC is working on the planning to be listed on a more senior exchange within the next 12 months, as there is a number of alternatives in the direction the company needs to take under consideration before this type of decision is finalized. However, the company shall be guided by the advice of its legal counsel and accounting procedures.
Q8.) What purchase price was negotiated by Dakshidin through their subsidiary company of majority ownership of HKS (Wuhu) for the Jilin City Daxin Water Pumping Windmill Co., Ltd. manufacturing company?
A8.) Dakshidin Corporation... through their subsidiary company of majority ownership of HKS (Wuhu) Environmental Energy Development Ltd. (HKS (Wuhu), incorporated and registered in Wuhu City of the Anhui Province in China, will acquire 100% control ownership of Jilin City Daxin Water Pumping Windmill Co., Ltd. and all of its assets by share exchange representing a fair market value of 1.0 million U.S., which include 60 acres of prime commercial and industrial lands. This will have a very positive impact on marketing and market presence. "Quote:" September 26, 2008 News Release
Q9.) Why has the stock price dropped in the recent months?
A9.) There has been a lot of negative posting put on the chat boards by shorts and pro traders, trying to bad mouth the company and undermine investor confidence. These types of individuals deliberately create tactics such as this and normally don't work alone. They mainly invest in penny stock Non Reporting Pinksheet companies that have a promising upside and that issue positive news releases. They then wait like vultures for the stock to move up and sell and or short it knowing their manipulation of heavy selling or shorting will drive it down to promote panic selling with the intention that more shareholders will sell to them more stock at lower prices.
Combined with unstable market conditions this has caused the share price of DKSC to decline. There has been many false rumours generated by vulture pro traders, which has caused panic among shareholders, and in turn, causing downward selling by the existing shareholders. Dakshidin Corporation is a very real company, with very real technologies, sales and products. Shareholders are encouraged to take a positive approach in thinking when investing in a developing company and not buy into negative hype. Yes the market and the economy is having a major shake up, but for sure the world's wealthy and the governments will not see it totally sink into the sunset, otherwise everyone would be "Equal" and this has never happened in our lifetime. The time to prosper is when the markets are low as that's when new fortunes are made for those who hang in and bigger fortunes made for those who have it now. Warren Buffet and Boon Pickens are a good example of that. Have you ever heard any of the new Presidential Candidates or a Senator who has said they are going to take the position of leading the country for less pay? Well that means we are not sunk yet.
Q10.) Dose the Company need funding?
A10.) Currently the company has sufficient funds on hand to meet current operations and revenues forth coming and this will carry us into the New Year. The company is still in the development stage and will continue to seek additional capital as required to meet its directives on terms favourable to the company and in the shareholders best interest.
Q11.) How does someone go about purchasing a single windmill for their own personal use, and how much are they?
A11.) Dakshidin's main focus is in the manufacturing and wholesale business and the Restec Mark 10 water pumping windmill is sold by multiple unit sales orders directly and via appointed distributors and direct selling to governments of developing countries at a negotiated unit price based on volumes committed for.
The company has recently assigned 2 distributors out of China in the Caribbean & Central America who are just in the process of receiving their shipped initial inventory and getting started. We feel because of the current market conditions and being a small growth market their sales will be a slow ramp up.
The Restec Mark 10 water pumping windmills sell for approximately $25,000.00 per unit plus shipping costs and this price may vary on volume unit sales. The selling unit price includes the tower and all of windmill components above ground. All below ground components are additional cost. Dakshidin is not accepting single orders at this time directly. However, we will be organizing very soon with one of our joint venture companies in China to handle single order sales. If you are interested to place an order for a Restec Mark 10 water-pumping windmill you will need to provide the following information:
a) Depth to water, b) down hole pump size required, c) well flow
GPM, d) average wind speed, e) type of application use. We can
supply pump sizes from 3" to 12"
b) We will make a news announcement once we have it set up for
placing single orders. Multiple orders over 10 units contact
Dakshidin direct.
Q12.) Why is the Restec Mark 10 water pumping windmills superior to any of the competition?
A12.) The Restec Mark 10 technology will pump more volume of water than any of its competitors at any depth to water in any wind speed starting at 4mph. Secondly, the Restec Mark 10 is heavy duty built to withstand rugged conditions and weighs 4 tons and is capable of lifting water from a depth of 4,000 feet. The windmill pumps water both on the up stroke and down stroke and can push water 10 miles along the surface at the same time.
Q13.) Why isn't the Restec Mark 10 water pumping windmills manufactured in North America?
A13.) The current market volume demand is not sufficient to be cost effective to be manufactured in North America at this time. This will be reviewed again should market conditions change.
Forward-Looking Statements:
The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbour provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
Mr. Brent O'Connor, Investor Relations Coordinator for DKSC, expresses rising optimism towards the company's development moving forward.
I.R. -- Reviews and Answers the most commonly asked questions from shareholders:
Q1.) Have any of Dakshidin's water pumping windmills been sold to date?
A1.) Yes, windmills are sold primarily within China and to Central America and the Caribbean and all agreed terms of payment have been met.
Shipping dates and method of transportation is at sole responsibility of the purchaser even though we are prepaid for the product, the shipping dates may not coincide with the payment date as it is up to them to arrange delivery with their shipping agent.
Q2.) Who is currently building Dakshidin's windmills?
A2.) Dakshidin is currently contracting the manufacturing of the Restec Mark 10 water pumping windmills with Jilin City Daxin Water Pumping Windmill Co., Ltd.
Q3.) When will Dakshidin own its own manufacturing facilities?
A3.) Dakshidin's majority owned subsidiary company; HKS (Wuhu) Environmental Energy Development Ltd. has signed an M.O.U to purchase 100% of Jilin City Daxin Water Pumping Windmill Co., Ltd. Final negotiations are to be completed by the year-end of 2008 pending an accounting review.
Q4.) Are there more windmill sales forecasted in the near future?
A4.) Yes, Dakshidin has entered into a signed agreement with a Provincial Government within China to deliver a water pumping windmill system for demonstration to its district villages and has agreed to purchase a substantial number of windmills over the next coming year upon meeting the agreed to set pumping criteria. The payment for the windmills will be paid for by the Central Government as per the order schedule. A News release will be published in the near future concerning this agreement.
Yes, there are other windmill sales currently in negotiations that cannot be publicly disclosed at this time until the sales negotiations are completely finalized and the company has received permission to identify the purchasers.
Q5.) What country is Dakshidin primarily focusing their sales on? Why?
A5.) China is our main focus for sales as our manufacturing is within the country and the demand for our products is enormous in the agriculture area and the fact that most water for farming is pumped by hand and that fossil fuel energy has become too expensive and not readily accessible in most farming areas. The Central Government has informed Dakshidin, it is their mandate to provide enough water for farming irrigation to feed the 1.3 billion population and this a priority. The Restec Mark 10 Water pumping Windmill is a long-term cost effective proven method of meeting their objective. In China alone the sales potential of water pumping windmills is in thousands. Export Sales outside of China are an added bonus. Therefore, it has been determined by the company, sales outside of China will be a secondary direction of interest.
Q6.) When will Dakshidin become a fully reporting company, making their financials public information, and why are they not fully reporting now?
A6.) Under laws and regulations of the Pinksheet exchange, the SEC does not require Pinksheet Companies to fully report any of their revenues, however DKSC is planning on becoming fully reporting as soon as the additional reporting operating costs are warranted. Auditing and filings can cost anywhere from $75,000.00 +, expenses which the company cannot justify at this time. The company is aiming to file financial information as soon as it becomes feasible. However, the company has been financed by private placements and by principal shareholders.
Q7.) When will the company be trading on one of the more senior exchanges?
A7.) DKSC is working on the planning to be listed on a more senior exchange within the next 12 months, as there is a number of alternatives in the direction the company needs to take under consideration before this type of decision is finalized. However, the company shall be guided by the advice of its legal counsel and accounting procedures.
Q8.) What purchase price was negotiated by Dakshidin through their subsidiary company of majority ownership of HKS (Wuhu) for the Jilin City Daxin Water Pumping Windmill Co., Ltd. manufacturing company?
A8.) Dakshidin Corporation... through their subsidiary company of majority ownership of HKS (Wuhu) Environmental Energy Development Ltd. (HKS (Wuhu), incorporated and registered in Wuhu City of the Anhui Province in China, will acquire 100% control ownership of Jilin City Daxin Water Pumping Windmill Co., Ltd. and all of its assets by share exchange representing a fair market value of 1.0 million U.S., which include 60 acres of prime commercial and industrial lands. This will have a very positive impact on marketing and market presence. "Quote:" September 26, 2008 News Release
Q9.) Why has the stock price dropped in the recent months?
A9.) There has been a lot of negative posting put on the chat boards by shorts and pro traders, trying to bad mouth the company and undermine investor confidence. These types of individuals deliberately create tactics such as this and normally don't work alone. They mainly invest in penny stock Non Reporting Pinksheet companies that have a promising upside and that issue positive news releases. They then wait like vultures for the stock to move up and sell and or short it knowing their manipulation of heavy selling or shorting will drive it down to promote panic selling with the intention that more shareholders will sell to them more stock at lower prices.
Combined with unstable market conditions this has caused the share price of DKSC to decline. There has been many false rumours generated by vulture pro traders, which has caused panic among shareholders, and in turn, causing downward selling by the existing shareholders. Dakshidin Corporation is a very real company, with very real technologies, sales and products. Shareholders are encouraged to take a positive approach in thinking when investing in a developing company and not buy into negative hype. Yes the market and the economy is having a major shake up, but for sure the world's wealthy and the governments will not see it totally sink into the sunset, otherwise everyone would be "Equal" and this has never happened in our lifetime. The time to prosper is when the markets are low as that's when new fortunes are made for those who hang in and bigger fortunes made for those who have it now. Warren Buffet and Boon Pickens are a good example of that. Have you ever heard any of the new Presidential Candidates or a Senator who has said they are going to take the position of leading the country for less pay? Well that means we are not sunk yet.
Q10.) Dose the Company need funding?
A10.) Currently the company has sufficient funds on hand to meet current operations and revenues forth coming and this will carry us into the New Year. The company is still in the development stage and will continue to seek additional capital as required to meet its directives on terms favourable to the company and in the shareholders best interest.
Q11.) How does someone go about purchasing a single windmill for their own personal use, and how much are they?
A11.) Dakshidin's main focus is in the manufacturing and wholesale business and the Restec Mark 10 water pumping windmill is sold by multiple unit sales orders directly and via appointed distributors and direct selling to governments of developing countries at a negotiated unit price based on volumes committed for.
The company has recently assigned 2 distributors out of China in the Caribbean & Central America who are just in the process of receiving their shipped initial inventory and getting started. We feel because of the current market conditions and being a small growth market their sales will be a slow ramp up.
The Restec Mark 10 water pumping windmills sell for approximately $25,000.00 per unit plus shipping costs and this price may vary on volume unit sales. The selling unit price includes the tower and all of windmill components above ground. All below ground components are additional cost. Dakshidin is not accepting single orders at this time directly. However, we will be organizing very soon with one of our joint venture companies in China to handle single order sales. If you are interested to place an order for a Restec Mark 10 water-pumping windmill you will need to provide the following information:
a) Depth to water, b) down hole pump size required, c) well flow
GPM, d) average wind speed, e) type of application use. We can
supply pump sizes from 3" to 12"
b) We will make a news announcement once we have it set up for
placing single orders. Multiple orders over 10 units contact
Dakshidin direct.
Q12.) Why is the Restec Mark 10 water pumping windmills superior to any of the competition?
A12.) The Restec Mark 10 technology will pump more volume of water than any of its competitors at any depth to water in any wind speed starting at 4mph. Secondly, the Restec Mark 10 is heavy duty built to withstand rugged conditions and weighs 4 tons and is capable of lifting water from a depth of 4,000 feet. The windmill pumps water both on the up stroke and down stroke and can push water 10 miles along the surface at the same time.
Q13.) Why isn't the Restec Mark 10 water pumping windmills manufactured in North America?
A13.) The current market volume demand is not sufficient to be cost effective to be manufactured in North America at this time. This will be reviewed again should market conditions change.
Forward-Looking Statements:
The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbour provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
Wednesday, October 15, 2008
MonArc Corporation (MONA) Announces Peru Mining Merger
BEIJING, Oct. 15 /PRNewswire-FirstCall/ - www.monacorporation.com PINKSHEETS: MONA.PK is pleased to announce the company is currently negotiating the acquisition and or a merger of a Peru-based mining company. The Company in question has two properties under development. The first is a gold resource, while the second is a promising copper exploration property. Both are located in key areas of interest in the foothills of the Andes mountains.
MonArc has entered into the due diligence stage of negotiations, and will be providing more detail on the properties shortly, after management review is completed.
Peru is an increasingly important natural resources market, with a number of major mining corporations having made large investments in bringing gold mines into production, perfectly timed with the rise of gold commodity prices, and continued strength of gold, given the recent economic turmoil.
Company spokesperson Mary Yang commented, "Our initial review of the data and presentations made by the mining company merit serious attention. If the data proves out, this could be the next major undertaking for MonArc, and an excellent way to add value to our shareholders. As investors following our stock have seen, we have delivered a number of stock and cash dividends to MonArc shareholders when we divest companies within our portfolio."
Our webmaster has been tasked with uploading pictures of these mining properties onto the corporate website at this link http://www.monacorporation.com/perugoldmine/
For corporate matters contact:
corporate@monacorporation.com
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet filings (www.pinksheets.com), and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation describing the risks of investing in penny stocks.
MonArc has entered into the due diligence stage of negotiations, and will be providing more detail on the properties shortly, after management review is completed.
Peru is an increasingly important natural resources market, with a number of major mining corporations having made large investments in bringing gold mines into production, perfectly timed with the rise of gold commodity prices, and continued strength of gold, given the recent economic turmoil.
Company spokesperson Mary Yang commented, "Our initial review of the data and presentations made by the mining company merit serious attention. If the data proves out, this could be the next major undertaking for MonArc, and an excellent way to add value to our shareholders. As investors following our stock have seen, we have delivered a number of stock and cash dividends to MonArc shareholders when we divest companies within our portfolio."
Our webmaster has been tasked with uploading pictures of these mining properties onto the corporate website at this link http://www.monacorporation.com/perugoldmine/
For corporate matters contact:
corporate@monacorporation.com
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet filings (www.pinksheets.com), and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation describing the risks of investing in penny stocks.
Tuesday, October 14, 2008
Veridigm's MediaPal Launches First Music Industry Affiliate System
LONDON, Oct. 14 /PRNewswire-FirstCall/ -- Veridigm, Inc. (Pink Sheets: VRGD - News; VRGD.F - Frankfurt, VRGDSG - Stuttgart, VRGD.DE - XETRA Level1) a UK investment Company today announced subsidiary MediaPal.com has launched the music and media industry's first Affiliate Management and Content Publishing System.
Bryan Lenett, founder of MediaPal.com commented, "Our newly acquired and existing Enterprise customers are now empowered to deploy affiliated, content selling web sites or "cloned copies" of their entire online digital, physical, mobile, and ticketing products to branding partners and affiliated, high traffic, global Internet portals. Our Enterprise content customer retains full control of the customer experience through product presentation, multiple currencies, and affiliate commission management through MediaPal's Content Management System. MediaPal's affiliate toolbox enables content owners and enterprise organizations to further reach their audiences by enabling high traffic portals to resell their products, as well as monetizing the existing traffic base of the portals."
VP Records, the world's largest reggae record label is the first to deploy MediaPal's affiliate platform to ten affiliated portals and partners. http://store.vprecords.com/
For more information please visit http://www.mediapal.com
About Veridigm, Inc.
Veridigm, an Anglo American investment company that provides merchant banking services to niche private and specific microcap public companies seeking debt and equity capital and/or to be part of a diversified, equitable, resource sharing, business combination. Specifically, the Company identifies specific private and public companies and assists them with managerial, accounting and financial advice and assists in refinance and / or raise adequate capital by introducing potential investors and lenders. The Company's policy is to calculate its voting capacity on a fully diluted basis. The Company at all times will conduct its activities in such a way that it will not be deemed an "investment company" subject to regulation under the 1940 Act.
Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain 'forward- looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words 'anticipate,' 'believe,' 'estimate,' 'may,' 'intend,' 'expect' and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
Bryan Lenett, founder of MediaPal.com commented, "Our newly acquired and existing Enterprise customers are now empowered to deploy affiliated, content selling web sites or "cloned copies" of their entire online digital, physical, mobile, and ticketing products to branding partners and affiliated, high traffic, global Internet portals. Our Enterprise content customer retains full control of the customer experience through product presentation, multiple currencies, and affiliate commission management through MediaPal's Content Management System. MediaPal's affiliate toolbox enables content owners and enterprise organizations to further reach their audiences by enabling high traffic portals to resell their products, as well as monetizing the existing traffic base of the portals."
VP Records, the world's largest reggae record label is the first to deploy MediaPal's affiliate platform to ten affiliated portals and partners. http://store.vprecords.com/
For more information please visit http://www.mediapal.com
About Veridigm, Inc.
Veridigm, an Anglo American investment company that provides merchant banking services to niche private and specific microcap public companies seeking debt and equity capital and/or to be part of a diversified, equitable, resource sharing, business combination. Specifically, the Company identifies specific private and public companies and assists them with managerial, accounting and financial advice and assists in refinance and / or raise adequate capital by introducing potential investors and lenders. The Company's policy is to calculate its voting capacity on a fully diluted basis. The Company at all times will conduct its activities in such a way that it will not be deemed an "investment company" subject to regulation under the 1940 Act.
Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain 'forward- looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words 'anticipate,' 'believe,' 'estimate,' 'may,' 'intend,' 'expect' and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
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