New ETF Book by Larry Connors - Click here to read more
August 18, 2008 - FIMA, Inc. (Other OTC:FIMA.PK) announced today that its subsidiary, Garcia y Garcia Concreto y Diseno Arquitectonico, has begun the initial construction phases for two residential units in the prestigious Las Playas neighborhood of Veracruz, Mexico. Several operations have already been completed, including leveling of the site and excavation for water and sewage works, and the construction has already proceeded to the foundation phase. FIMA will be posting photos of the construction at its website (www.fimadevelopmentinc.com) shortly, and will be updating these photos to allow viewers to track the progress of the development.
According to a FIMA spokesperson, "This is an exciting development for us. The Las Playas neighborhood in Veracruz is one of the most sought after in the entire city, and it is a validation of our growing presence in the region that we have been able to secure a project in this prominent neighborhood. We will be pre-selling the residential units at a discounted rate, and further details are available on our website at www.fimadevelopmentinc.com. We will be adding more detailed architectural renderings and construction photos very soon."
August 18, 2008 - Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR) announces that initial shipments of equipment from its supplier in Germany (Artech Recyclingtechnik) have arrived at the Company's new Recycling Canada facility in Magog, Canada.
Chairman Mr. Glusic stated, "Currently, we have received and accepted the first eleven sea-land containers of equipment at our facility in Magog, Quebec. Other ancillary equipment will continue to arrive over the next few months."
Magnum will soon begin fulfilling its open contracts by first producing nuggets, and then shift into production of finer grade rubber granules as it brings additional equipment on-line. Furthermore, the company will be able to produce pure crumb rubber, and ultra fine rubber powders from the facility later this year or early next year.
Since each phase of the plant will produce a more refined product than the previous, it makes good sense to start production of our most basic products first, perfect our operation, then move on to the next step.
Magnum is positioning itself to be a comprehensive producer of disintegrated and reconstituted rubber products generated from scrap tires and other waste polymeric substances. It will be building, acquiring, and developing facilities and networks that provide cradle-to-grave product control and process to fulfill environmentally friendly green cycle of life products.
August 18, 2008 - Bald Eagle Energy Inc. (OTCBB:BEEI) (hereafter "Bald Eagle") is pleased to announce that it has received positive feedback in a new third-party petroleum geologist's report completed on May 12, 2008 by LAPP Resources Inc. Authored by LAPP President, David W. Lappi, the report assessed Bald Eagle's six Alaskan North Slope leases totaling 18,418 acres stating a potential for up to 90 million barrels of oil (MMBO).
The report stated economic viability of the properties throughout the levels of expected production, including its lowest estimate of 5 million barrels of oil (MMBO), where the prospect was still economically sound. Analyzing three discounted cash flow net present value of development economics, using a present-day dollar value of $80/barrel, Lappi stated, "I have used the high case (90 MMBO), a mid case (30 MMBO), and a low case (5 MMBO). The NPV analysis confirms that in all cases, the hypothetical discovery is economic using the assumptions listed."
Also mentioned in the report was the favourable proximity of Bald Eagle's leases to the Dalton Highway and to the Trans Alaska Pipeline, making the development possibilities clear. The export of oil is aided by the Trans Alaska Pipeline, while natural gas liquid production is still a work in progress. A development proposal for gas liquids production is pending State approval, with gas production awaiting the eventual construction of a natural gas export pipeline.
August 18, 2008 - Comfort Systems USA, Inc. (NYSE:FIX), a leading provider of commercial, industrial and institutional heating, ventilation and air conditioning ("HVAC") services, today announced that it has acquired Delcard Associates, Inc. ("Delcard"), a full service commercial HVAC company based in Wilmington, Delaware. Delcard had 2007 revenues of approximately $45 million, and if Delcard had been part of Comfort Systems in 2007 we believe it would have contributed earnings before interest, taxes, depreciation and amortization of at least $3.2 million.
Bill Murdy, Comfort Systems USA's Chairman and CEO, noted, "We are very pleased to bring Delcard into the Comfort Systems USA family of companies. Delcard has an ideal geographic location for Comfort Systems, and given its construction and service reputation throughout Delaware, and especially given the strength of its excellent workforce, we believe Delcard will make a strong contribution to our continuing operations."
Market Wrap for August 18, 2008 -
News flow was relatively light Monday, but participants still found an excuse to take money off the table. Their selling efforts pushed the major indices substantially lower; each finished a bit above their session lows.
As oil prices reversed declines, stocks were sent lower. Stocks then stayed there for the rest of the session as focus returned to the troubles of government-sponsored enterprises Fannie Mae (FNM 6.15, -1.76) and Freddie Mac (FRE 4.39, -1.46), even though crude settled lower below the $113 per barrel mark.
Despite the session's decline the stock market is still up 6.5% and the financial sector is up 22% since the July 15 low. The financial sector finished the session 3.6% lower.
In the tech sector (-1.3%), video game maker Electronic Arts (ERTS 47.76, -0.48) is letting its offer for Take-Two Interactive (TTWO 23.75, -1.09) expire tonight.
Home improvement retailer Lowe's (LOW 24.54, +0.04) posted better-than-expected earnings per share results for its latest quarter, but issued a mixed outlook.
Mining outfit BHP Billiton (BHP 65.48, +0.26) posted its sixth record full-year profit and offered an upbeat outlook, according to The Wall Street Journal.
Still, without any clear leader and selling abounding, only one sector was able to finish the session with any sort of gain: the defensive-orientated utilities sector (+0.1%). Utilities hit a 52-week low earlier this month and are up little more than 2% since. DJ30 -180.51 NASDAQ -35.54 NQ100 -1.3% R2K -1.5% SP400 -1.3% SP500 -19.60 NASDAQ Adv/Vol/Dec 880/1.68 bln/1935 NYSE Adv/Vol/Dec 888/984 mln/2228
ABOUT INVESTSOURCE, INC.: WIN an 8 day 7 nights Caribbean Getaway, GO TO: www.investsourceinc.com.
Coming in late Summer of this year: Go Baby GO!!! The first book of its kind on the OTCBB and Pink Sheet Markets www.gobabygobook.com .
To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to www.ceo-corner.com InvestSource, Inc. is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. InvestSource, Inc. affiliates, officers, directors and employees may also have bought, or may buy the shares discussed in this opinion and may profit in the event of a rise in value. InvestSource, Inc. will not advise as to when it decides to sell and does not, and will not, offer any opinion as to when others should buy or sell; each investor must make that decision based on his or her judgment of the market InvestSource has received 5 million shares of Greenstone Holdings for services rendered. Please consult your broker before purchasing or selling any securities mentioned herein. To view full disclaimers, please go to http://investsourceinc.com/php/disclaimer.php (disclaimers).
This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The information contained in an InvestSource profile is provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. InvestSource is a majority shareholder of FIMA, Inc.
CONTACT: InvestSource, Inc WWW: http://www.investsourceinc.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
