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November 26, 2008: Somatic Systems, Inc. (PINKSHEETS: SMAS | Quote | Chart | News | PowerRating) is pleased to announce that the first airings of the upcoming national television show featuring the company and its proprietary Clinical Somatics pain relief system, clinics, products, and training programs will begin next week. The television program will be the largest exposure for the company and its services so far, increasing Somatic Systems' audience from a population of tens of thousands to tens of millions. The half-hour television series, "Health Forum," dedicates an entire segment to showing viewers how Somatic Systems can help them achieve lasting relief from chronic pain, injury, and musculoskeletal disorders without surgery or dependence on medication. The segment begins airing at a time when rising medical costs and growing economic concerns have increased consumer outcry and demand for affordable, effective non-invasive solutions to these kinds of epidemic health complaints.
Features of the segment include Somatic Systems practitioners working with clients to relieve back and shoulder pain, and interviews with company CEO Steven Aronstein and with clinical Somatics practitioners and trainers from Somatic System's Professional Training Program. The program also features interviews with clients about how Somatics helped them out of pain to the point of "changing their lives," and discussions with Professional Training Program students who were so moved by the impressive results of Somatics that they chose to make Somatics their career. The program on Somatic Systems will air at least 50 times in the coming months, including nationally on the Women's Entertainment television network (WE tv) and the Travel Channel, as well as in syndication locally in other television markets throughout the country.
November 28, 2008: Intelligent Living Corp. ("ILVC") (Other OTC:ILVC.PK - News), a leading automation and technology solutions provider utilizing green building practices, announced today the Company has signed an exclusive agreement with Kilia Teknoloji ("Kilia"), a leading supplier of state-of-the-art integrated security management systems and access control systems. Kilia, based in Istanbul, Turkey, and ILVC will jointly offer security and automation technology to the commercial, institutional, industrial, single and multi-unit construction and major renovation markets in Turkey and the Middle East (www.akilliyasam.biz).
"Kilia is an ideal partner for ILVC because its presence in the security, remote monitoring and access control markets in Turkey and the Middle East opens significant new opportunities for our company," stated Michael Holloran, President and CEO of Intelligent Living. "By combining the complementary engineering expertise from our respective organizations, the partnership delivers an integrated security and automation solution to the growing Turkey and Middle East markets. This area of the world has become a safe haven for Middle East and Russian oil money and the rapid development of gated and secured single and multi-unit developments in western Turkey has created an immediate need for our products and services. ILVC and Kilia are working with Mr. Kazim Sari of PRO Associates (www.proassociates.net) to establish a strategic position and capitalize on opportunities in this region."
November 28, 2008: China Organic Agriculture, Inc. (OTCBB: CNOA), an international diversified premium food products company capitalizing on China's burgeoning domestic consumer demand, today released an audio interview with Steve Wan US Vice President for China Organic Agriculture.
Bob Beaty, Executive Vice President of China America Financial Communications Group, conducted the wide-ranging interview with Mr. Wan. Topics discussed included China Organic's recently released guidance, which forecasts revenues for full year 2008 at $113 million versus $44 million for 2007. Earnings per share for FY 2008 are projected at $0.29. "For fiscal year 2008, I think we will be able to reach that target," said Mr. Wan, "based on the new subsidiaries and their performances." The interview also discusses the sale of the ErMaPao division as well as the recent acquisition of Dalian Huiming, a major agricultural trading company that posted FY 2007 revenues of $40.2 million and net income of $2.7 million. Mr. Wan also speaks to the transformation of China Organic from an agricultural company to a purveyor of high end products, such as California wine and natural foods specifically targeted at the rapidly growing and affluent middle class in China and throughout Asia. The interview is available on China Organic Agriculture's website: http://www.chinaorganicagriculture.com/investors.html
November 26, 2008: Del Global Technologies Corp. (OTCBB: DGTC | Quote | Chart | News | PowerRating) ("Del Global" or "the Company") today announced financial results for its fiscal 2009 first quarter ended November 1, 2008. Consolidated net sales for the first quarter of fiscal 2009 decreased 16.6% to $22.3 million from $26.7 million in the first quarter of fiscal 2008, due to lower sales at the Medical Systems Group. Net sales at the Medical Systems Group declined 18.8% to $19.6 million from the comparable prior year period, due to decreased international sales volume attributable to an unusually favorable prior year shipment level on an international contract that was satisfied in full during the second quarter of fiscal 2008, partially offset by increased domestic medical equipment shipments. Sales at the Power Conversion Group ("RFI") during the first quarter of fiscal 2009 were $2.7 million, roughly equivalent to sales in the same period last year. Despite a decline in sales volume, consolidated gross margin remained relatively stable quarter-over-quarter at 23.8% of sales during the first quarter of fiscal 2009 as compared to 24.1% of sales in the first quarter of fiscal 2008. Gross margin at the Medical Systems Group during the first quarter of fiscal 2009 was 22.1% as compared to 22.7% in the prior year's first quarter, attributable to reduced international shipments, partially offset by increased margin on domestic shipments. Gross margin at RFI declined slightly to 35.7% from 36.5% in the first quarter of fiscal 2008.
Market Wrap for Friday, November 28, 2008:
The Thanksgiving holiday made for a short week of trading, yet the major indices still made huge moves that no doubt left investors something added to be thankful for when the closing bell rang Friday.
Government action was a key catalyst for this week's rally, as a rescue of Citigroup (C), the unveiling of President-elect Obama's economic team, and an $800 billion plan of attack for getting credit flowing smoothly again for consumers drove a continuation of buying efforts that perked up in the prior week after the S&P 500 hit a new low for this bear market and touched levels seen in 1997. The gains were extreme in many cases. The market itself soared 12%; however, it ended the week at a level that was 21% higher than the low seen only five sessions ago. The financial sector played a huge part in the big gains.
Buyers returned to the beaten-down area after the government said it would provide a guarantee for the bulk of $306 billion of troubled assets identified at Citigroup. In turn, the government also said it would take an additional $20 billion of TARP funds and inject it into Citigroup by purchasing the bank's preferred stock. While there were other provisions for the relief the government provided to Citigroup, the main thrust for the market was (a) that Citigroup wasn't going to be allowed to fail (b) that Citigroup wouldn't have to sell core assets at distressed prices to raise capital (c) that common shareholders were spared in the rescue plan and (d) that it was reasonable to expect other financial companies would get similar guarantees if need be.
On the heels of the Citigroup rescue, the Federal Reserve, in conjunction with the Treasury Department, announced Tuesday that it is creating a new $200 billion facility focused on getting liquidity flowing in key asset-backed securities markets that help facilitate auto loans, student loans, credit card loans and small business loans. In addition, another $600 billion will be allocated for the purchase of direct obligations of government-sponsored enterprises and mortgage-backed securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae in an effort to help drive down mortgage rates and improve conditions in the housing market, which lies at the heart of the financial crisis.
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