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October 2, 2008 -- Seamless Corporation (OTC Bulletin Board: SMWF) will present at EQUITIES Magazine, Third Annual MarketSite Conference courtesy of the NASDAQ OMX Group on Friday October 10, 2008.
Seamless will be one of several public companies that will present to a group of fund managers, brokers, analysts, investment professionals, and sophisticated self-directed investors.
"I am is looking forward to presenting Seamless Corporation and our product offerings to the attendees of the Marketsite Conference," stated Albert Reda CEO of Seamless, "and it will confirm that we have finally made the transition from a development stage company to a production Company." EQUITIES also has the following speakers for the conference: Kenneth Fisher, the CEO and Chief Investment Officer of Fisher Investments; Tobin Smith, a contributing market analyst for the FOX Business Network and a regular panelist on Bulls & Bears; Guy Adami, formerly an executive director at CIBC World Markets and currently a panelist on CNBC's Fast Money; and Bob McCooey of the NASDAQ OMX Group.
The presenting CEOs will also participate in NASDAQ's closing bell ceremony, which will be broadcast live on Bloomberg TV, CNBC, and Reuters, as well as on NASDAQ's seven-story MarketSite Tower in Times Square.
To register for this event, RSVP at: http://www.equitiesmagazine.com/conference/nasdaq08_conference.php. Live and archived webcasts of the event will be available at http://equitiesmagazine.com.
October 2, 2008 -- Ronn Motor Company, Inc. (Other OTC:RNNM.PK) announced today its joint venture agreement with respected electronics design firm, Bill McClung and Associates, who will be responsible for manufacturing the highly technical computer system to support Ronn Motor Company's H2GO(TM) Hydrogen On-Demand (HOD) system found in their Scorpion(TM) eco-exotic supercar. Bill McClung and Associates, based in Marble Falls, Texas, will work together with Ronn Motor Company to develop proprietary engine management systems and controls, HOD system controls for the Scorpion(TM) as well as future Ronn Motor Company vehicles.
"We are very pleased to be partnering with Bill McClung and Associates to create the essential system and control units for our H2GO(TM) Hydrogen On-Demand aftermarket accessory in addition to developing the necessary system controls for our Scorpion(TM) supercar," commented Ronn Motor Company Chief Executive Officer, Ronn Maxwell. "Well known and admired in the electronic design industry, Bill McClung and Associates' experience in developing highly technical military grade electronic systems will be extremely helpful as our company continues moving forward to produce the very best in environmentally conscious, high-performance auto designs."
October 3, 2008 -- The European Commission has selected Unisys Belgium, a subsidiary of Unisys Corporation (NYSE:UIS), to create a web portal that will inform on European and national immigration policies and law. The Portal provides non residents interested in migrating to the European Union (EU) with access to information on migration issues, aiming to discourage illegal immigration by highlighting the associated risks.
Unisys Belgium, together with its partner the Migration Policy Group (MPG), will provide technical, management and content services for the portal.
The portal on immigration will bring together and provide access to immigration information from all EU member states. It will include information on EU and member states immigration policies, opportunities for legal migration, issues related to irregular migration and links to relevant services and administrative processes.
"People who are thinking about moving to EU member states deserve the most up-to-date information on opportunities, requirements and processes," says Ann Mennens, Project Manager of the Immigration Portal. "This portal will provide potential immigrants with a comprehensive tool that will support them when making the decision to move abroad."
October 3, 2008 -- Guidance Software Inc. (NASDAQ:GUID), the World Leader in Digital Investigations, today announced that Grant Johnson has joined the company as Vice President of Marketing. In this role, Johnson assumes worldwide responsibility for marketing strategy and execution and will oversee corporate marketing, product marketing, marketing programs, demand generation, sales support, marketing communications, analyst and public relations, market research and online strategy.
Previously, Johnson was a Vice President of Marketing and an officer at FileNet, a $400 million enterprise software vendor acquired by IBM (NYSE: IBM) in 2006. While at FileNet, Johnson led corporate marketing, demand generation and communications initiatives, significantly increasing the company's market leadership profile.
Prior to that position, Johnson was Vice President of Marketing for FrontBridge, a subscription-based email management vendor acquired by Microsoft (NASDAQ: MSFT), where he led the company's repositioning and re-launch, built the marketing team and delivered integrated marketing programs to support significant and sustained revenue growth. He was also a Director of Marketing for Symantec (NASDAQ: SYMC) with worldwide responsibility for the Norton brand and Senior Vice President of Marketing at Ethentica, an enterprise security vendor.
Johnson has published several articles and co-authored the book, PowerBranding. He received his B.A. from UC Santa Barbara and an MBA from Pepperdine University.
Market Wrap for October 3, 2008 -- Friday marked the end of an incredible week on Wall Street. On Monday the S&P 500 fell more than 9% after Congress rejected a plan to purchase distressed assets from financial firms.
The major indices were at their best levels of the session midday. At that point the Dow was up 3.0%, while the S&P 500 and the Nasdaq were each up 3.6%. %.
Generally overlooked, the ISM nonmanufacturing index for September came in at a relatively neutral reading of 50.2.
Wells Fargo (WFC 34.82, -0.34) and Wachovia Bank (WB 6.21, +2.30) announced they would merger their operations in a stock-for-stock transaction valued that valued shares of WB around $7.00 each, a premium of almost 80% to the prior session's closing price. The overall transaction is valued at $15.1 billion.
Separately, AIG (AIG 3.86, -0.14) announced plans to divest certain assets to refocus on core insurance businesses.
Multiline insurers were up almost 15% at their session high, but finished with a gain near 1.1%. The overall financial sector had climbed to a gain of 4.9%, but closed with a loss of 4.0%.
The major indices remained in a funk for the remainder afternoon and finished near session lows. The retreat turned the large gains seen earlier in the session into losses near 1.5%.
For the week, the Dow shed 7.4%, the Nasdaq dropped 10.8%, and the S&P 500 fell 9.4%. DJ30 -157.15 NASDAQ -29.33 NQ100 -1.4% R2K -2.9% SP400 -2.5% SP500 -15.04 NASDAQ Adv/Vol/Dec 730/2.51 bln/2055 NYSE Adv/Vol/Dec 1097/1.42 bln/2043
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