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June 30, 2009: International Aerospace Enterprises, Inc. (OTCBB: IARO | Quote | Chart | News | PowerRating) today announced that the company has been Awarded a $750,000.00 USD bid award for military aircraft spare parts by the Egyptian Air Force. The award is immediate evidence that the company's International Targeted Sales Strategy is right on target as reported in the June 18, 2009 news release titled "International Aerospace Enterprises Inc. Launches Targeted Worldwide Sales Program." Mr. John Peck, IARO's CEO, reported, "The initial sales to the Egyptian Air Force is the first of over $13 million USD in our international sales pipeline." He voiced some concern that, "IARO's management team feels that the current and future value of the company is not reflected in the company's current share price but is reflective of the decisions made by the shell's previous management." He continued by stating that he is, "confident that the Company's international sales performance and future earnings will better reflect the real value of International Aerospace Enterprises, Inc. for both our company and our shareholders."
June 30, 2009: Ingen Technologies, Inc. (Pink Sheets:IGNT) a leading Medical Device Manufacturer focused in the $8 Billion global Respiratory Markets for the growing ageing population and emerging markets for Home (DME), Hospital and Aviation Industries announced today that the company would seek a 5 to 7 cents a share on a buyout or merger. "We have turned this company around and it has been awhile in coming; but we are finally in the home stretch heading towards profitability. With this turnaround Ingen would entertain any bidders between 5 and 7 cents," stated Thomas Neavitt, Chief Financial Officer.
"We are evaluating various investment bankers and have not ruled out a possible acquisition or merger. We are committed in doing our very best to enhance shareholder value and at the same time increase corporate growth and earnings," stated Scott R. Sand, Chief Executive Officer and Chairman of the Board.
June 30, 2009: Zippi Networks Inc. (OTC: ZIPN), a leading provider of mobile commerce applications that enable Americans to recycle their "Clutter into Cash," today announced the roll out and testing of a new offer to the consumer marketplace, the "Go Zippi Club Membership." Zippi has identified a suite of convenience services that fit with today's economy and has packaged these services to allow those who wish to take advantage of Zippi's "Clutter Out. Cash In." proposition at any time throughout the year.
The "Go Zippi Club" Members will gain access to the Zippi Network on an annual basis for just ninety-nine dollars ($99) annually, which means mini-appraisal services to determine the approximate value of an item and a direct connection to a pre-screened eBay or online seller that is best suited to sell the particular merchandise, all for a small commission. Zippi Club Members will also receive the convenience of tracking, updates, and automatic payments once the item is sold. It seems that Zippi has found a way to provide consumers with their very own personal liquidation assistant that can sell unwanted items and turn "Clutter into Cash" when becoming a "Go Zippi Club" Member. Initial offer details can be viewed at www.zippicash.com/club.
June 30, 2009: SymPowerco Corporation (Pinksheets:SYMW) CEO John Davenport announced today that the company has signed a Letter of Intent ("LOI") with Texas businessman Steven Humphries for the acquisition of a majority interest in Highline Hydrogen Hybrids, Inc. ("HHHI"), the manufacturer of a unique and proven hydrogen conversion system for gasoline and diesel-powered vehicles. In April of 2009, Humphries entered an agreement to purchase 70% of HHHI. Under the terms anticipated by today's Letter of Intent, Mr. Humphries will assign his HHHI interest to SymPowerco.
HHHI's unique supplemental hydrogen fuel system, in addition to reducing dangerous emissions, has been shown to enhance the fuel efficiency of internal combustion engines by as much as 25% and to increase horsepower by an average of 10%. HHHI also plans to release a commercial version of its supplemental fuel system for use on Over-The-Road commercial vehicles. HHHI's unique hydrogen converter has undergone rigorous testing and has a patent pending. The company is currently relocating from Northwest Arkansas to a 380,000 square foot building on 30 acres in Dumas, Arkansas. HHHI officials project gross sales of their products to reach nearly $3,400,000.00 over the next 18 months.
Stated SymPowerco CEO John N. Davenport, "We at SymPowerco are very excited about the potential HHHI revenue streams and the synergies that HHHI's efficiency enhancing products could bring to our company. We believe that HHHI's products would complement our Flowing Electrolyte Direct Methanol Fuel Cell technologies by allowing SymPowerco to not only replace the internal combustion engine with the fuel cell in many applications but to also offer products to help reduce the environmental and energy-related impacts of the remaining fleet of vehicles powered by internal combustion engines."
Market Wrap for Tuesday, June 30, 2009:
Participants sent all 10 major sectors in the S&P 500 into the red following the release of the June Consumer Confidence Index, which came in at 49.3 to miss expectations and mark a decline from the previous reading. Meanwhile, the Expectations Index also missed the consensus estimate and declined from the previous reading. Materials stocks were among the hardest hit sectors this session. They shed 1.3% as steel stocks (-1.8%) showed weakness after Schnitzer Steel (SCHN 52.86, -7.35) reported some disappointing quarterly earnings results and other basic commodities prices were weakened by a stronger dollar. The greenback's 0.4% gain helped send gold prices 1.4% lower to $927.20 per ounce and oil prices down 2.3% to $68.90 per barrel. Still, both the CRB Commodity Index and the materials sector gained roughly 16% during the second quarter. Financials saw the best gains of any major sector during the second quarter. The sector shrugged off today's 1.1% loss to finish the quarter with a 44% gain. Leadership from the financial sector helped the S&P 500 post a second quarter gain of nearly 17%, which marks a rebound from the first quarter's near 12% decline and the near 24% drop registered in the fourth quarter of 2008. Still, the second quarter rebound is the best quarterly performance since the fourth quarter of 1998.
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