InvestSource, Inc.: Citrus OP J Receives Pre-Sale Orders for Juicer

Oct 15, 2008 (M2 PRESSWIRE via COMTEX) -- XRX | Quote | Chart | News | PowerRating -- Stocks in the News: AuGRID Global Holdings Corp. (PINKSHEETS: AGHO), Pitney Bowes Inc. (NYSE: PBI), Sealy Corporation (NYSE: ZZ), Xerox Corporation (NYSE: XRX)

Oct 14, 2008 -- Avatar Design and Manufacturing, A.K.A. Citrus OP J, a manufacturing company dedicated to the design and manufacturing of high end commercial vegetable and citrus juicers, announced today that it has received pre-sale orders for the new F-5 Veggie Juicer, and that multiple distributors seek to offer the F-5 Juicer. Citrus OP J, a subsidiary of AuGRID Global Holdings Corp. (PINKSHEETS: AGHO), has designed and started to manufacture a new product -- the F-5 commercial vegetable juicing machine. "Pre-sale orders have been brisk for the new product and we feel our new machine will give our clients the ability to offer a wide range of healthy alternatives on their menus," stated CEO Stewart Nelson. "Currently pre-sale orders are at 20 machines. Each machine is handmade here in the US. The quality standards we put for our products are second to none." The F-5 vegetable juicer is a 10" x 10" commercial juicer designed for continuous duty; it can juice up to 320 pounds of raw product per hour and is made from stainless steel. The company will offer the product through distributors through the US, with further global expansion following. Currently several distribution companies have signed letters of intent to add the F-5 to their product mix. "Each distributor will be given an exclusive territory to allow the distributor maximum exposure. Our distributors are a main distribution channel for our products and shall be treated as such," Mr. Nelson stated.

Oct 13, 2008 -- Pitney Bowes Inc. (NYSE: PBI), the world's leading mailstream technology company, and Brother International Corporation, a manufacturer of office and commercial printing and imaging solutions, announced today a new agreement whereby Pitney Bowes will provide nationwide on-site maintenance and repair services to Brother in support of its U.S. network of distributors, resellers and customers. Under the terms of the agreement, Pitney Bowes will deliver on-site warranty repair and maintenance services nationwide in support of Brother's color laser printers and multi-function devices. These flexible printer repair solutions and service contracts will help Brother's customers maintain their equipment and minimize costly downtime. "Pitney Bowes is honored to be selected by Brother to help provide nationwide on-site maintenance and repair services for their color laser printers and multi-function devices," said Joanne Boyd, vice president, business development, multi-vendor services for Pitney Bowes. "Our agreement will help deliver greater convenience to Brother's U.S. customers by offering a single point of accountability for consistent services, as well as flexible service options."

Oct 13, 2008 -- Sealy Corporation (NYSE: ZZ), North America's No. 1 mattress manufacturer, has once again proven its leadership position in cutting edge research, technology and sleep science by announcing the unveiling the Dr. Robert G. and Beverly Addison Center of Excellence pressure mapping laboratory. Sealy inaugurated the Center of Excellence at its Trinity headquarters Friday, October 10 with several members of Sealy's Orthopedic Advisory Board (OAB) on hand. The only facility of its kind in the bedding industry, the center is an innovative, state-of-the-art research laboratory that uses the latest technologies to identify uncomfortable pressure points that lead to tossing and turning. "Pressure management is one of the focal points of Sealy's product development process," said Larry Rogers, Sealy CEO. "The Center of Excellence will provide crucial insight into developing cutting-edge sleep systems that help consumers maximize every minute of sleep." The Center of Excellence pressure-mapping laboratory is 836 square feet and contains four work stations. Each station is configured for a mattress and pressure mapping pads that identify and measure uncomfortable pressure points in the body that lead to tossing and turning at night. Additionally, the laboratory is equipped with 20 actigraphy devices that monitor movement and help facilitate the analysis of comfort during the night. It also houses research and data analysis areas as well a comprehensive overview of the Sealy OAB. "The Center of Excellence is a major step in R&D and allows us to connect the quality of a mattress to quality of sleep in a very definitive way," said Dr. Alan Letton, chief science officer, Sealy. "Our pressure-mapping technique lets us develop a new methodology that quantifies sleep quality, directly linking it to specific sleep surfaces. We will be able to use this proprietary research to further develop and enhance our innovative sleep systems."

Oct 14, 2008 -- Large and complex engineering and architectural renderings, electrical diagrams and mechanical drawings require precise detail. With that in mind, Xerox Corporation (NYSE: XRX | Quote | Chart | News | PowerRating) today introduced the Xerox 6279 Wide Format Printer, a black-and-white digital printer, copier and scanner which features sharp image quality, speed, a compact footprint and low running costs. The system is flexible enough to fit in a variety of environments, including commercial print shops and architectural, engineering and construction companies. Its speed - printing seven or nine "D-size" (24" x 36") prints per minute - make it one of the most productive products in its class. "We know that image quality is the number one concern of wide-format users with operating costs running a close second. The image quality and speed of the Xerox 6279 meet those requirements," said Quincy Allen, president, Xerox Production Systems Group. "The price is so affordable that users can take advantage of the 6279 system where it best fits their needs, whether it's in a construction manager's on-site trailer, a home office of an architectural firm or on the production floor of a neighborhood print shop. It offers reliability that they can count on."

Market Wrap for October 14th, 2008 The stock market saw some swings on Tuesday, eventually settling with a modest loss, after the government's latest financial relief efforts were offset over fears that the broader economy will still face challenges. Some investors decided to take some money off the table following the previous session's massive gains, which added to the selling pressure. The S&P 500 opened at its highs with a 4.1% gain, fell to a loss of 3.1% in the final hour of trade and then recovered to finish with a modest loss of 0.5%. Eight of the ten economic sectors posted a gain. A strong 6.4% advance in financials, aided by the government's relief plan, helped offset weakness in tech (-3.9%), materials (-3.0%) and small-cap stocks (-2.9%). The weakness in tech caused the Nasdaq to underperform with a loss of 3.5%. With regard to the government's efforts, the Treasury will buy up to $250 billion in preferred stock from qualifying U.S. financial institutions, with the funds and authority coming from the $700 billion plan authorized by Congress earlier this month. To participate in the program, financial institutions will have to agree to executive compensation limits, including the elimination of golden parachutes. Participation in the program is voluntary, although it appears that firms will be taking the Treasury up on its offer. In addition, the FDIC will guarantee the newly issued unsecured debt from banks through June 30, 2012. Meaning that if a bank fails, holders of newly issued debt will be paid by the FDIC. This includes interbank lending, which had seized up as banks hoarded cash. Separately, noninterest bearing deposit accounts will now be fully guaranteed, up from the current limit of $250,000, until the end of 2009. The U.S. government's plans are similar to action taken in Europe yesterday. Credit markets showed some signs of improvement, although they remain tight. Dollar Libor -- the rate that banks charge each for short-term loans -- fell across all terms. The Ted Spread fell 21 basis points to 4.36%. The TED spread measures the difference between what banks charge each other for three month loans (three month Libor) and what the Treasury pays (3-month T-bill). In commodity trading, oil prices came under selling pressure in conjunction with the pullback stocks, settling with a 2.3% loss at $79.35 per barrel after being up as much as 4.5%. Commodities as a whole fell 0.8%. Treasury prices declined as the government's plan helped calm financial markets. The 10 year note fell 24 ticks, sending its yield above 4% for the first time since August.

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