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Saturday, January 22, 2005

 

CCBC Clearly Canadian Announces Listing With Albertsons

CCBC Clearly Canadian Announces Listing With Albertsons: "CCBC Clearly Canadian Announces Listing With Albertsons

VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 21, 2005--Clearly Canadian Beverage Corporation (TSX:CLV) (OTCBB:CCBC)

Albertsons authorizes sale of Clearly Canadian in over 300 stores in California & Nevada
Clearly Canadian Beverage Corporation (TSX:CLV) (OTCBB:CCBC) today announced that Clearly Canadian sparkling flavoured water has gained an authorization for sale at Albertsons, one of the world's largest food and drug retailers.
Effective immediately, three flavours of Clearly Canadian sparkling water have been authorized for sale at over 300 Albertsons stores located in southern California and Nevada. Effective immediately, Clearly Canadian's distributor, Seven UP/RC Bottling Company, will begin distributing Blackberry, Cherry and Strawberry Melon Clearly Canadian to Albertsons grocery stores in the region.
'We attribute this major grocery chain listing with Albertsons to Seven UP/RC Bottling Company's strong selling efforts for our brand and to their well-established presence in this territory. We expect that this listing will significantly increase the exposure of Clearly Canadian to our consumers and should provide a solid distribution base for our brand in the grocery store channel in this key selling region,' said Kevin Doran, Senior Vice President of Marketing and Sales, Clearly Canadian Beverage Corporation.
About Clearly Canadian
Based in Vancouver, British Columbia, Clearly Canadian markets premium alternative beverages, including Clearly Canadian(R) sparkling flavored water, Clearly Canadian O+2(R) oxygen-enhanced water beverage and Tre Limone(R) sparkling lemon drink w"






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    • # posted by penny stocks @ 10:09 AM 0 comments  
     

    LECT LecTec Declares Cash Dividend and Announces Officer and Director Changes

    LECT LecTec Declares Cash Dividend and Announces Officer and Director Changes: "LECT LecTec Declares Cash Dividend and Announces Officer and Director Changes

    MINNETONKA, Minn.--(BUSINESS WIRE)--Jan. 21, 2005--LECTEC CORPORATION (OTCBB:LECT) today announced resignation of its Chief Executive Officer, election of a new Chief Executive Officer, resignation of an existing director, election of a new director, and declaration of a cash dividend. These officer and director changes occurred in connection with LecTec's transition from an over-the-counter health care and consumer products manufacturer to an intellectual property holding and licensing company.


    Effective as of January 14, 2005, Timothy P. Fitzgerald, Chief Executive Officer and member of LecTec's Board of Directors, resigned from his position as Chief Executive Officer and Director.
    Effective as of January 14, 2005, Alan C. Hymes, M.D. was elected Chief Executive Officer. Dr. Hymes, age 73, is a co-founder of LecTec and has been serving as a director since 1977. Dr. Hymes has served as Chairman of the Board since August 2003. Dr. Hymes served as the Interim Chief Executive Officer and President of LecTec from July 31, 2003 to October 30, 2003. Dr. Hymes was engaged in the private practice of surgery from 1968 until his retirement in 1992. He is a diplomat of the American Board of Surgery and the American Board of Thoracic and Cardiovascular Surgery.
    On January 14, 2005, the Board of Directors of LecTec elected a new director, Mr. Andrew Rollwagen, to LecTec's Board of Directors. Mr. Rollwagen has more than 25 years experience in banking and finance. He holds a Master of Business Administration degree from the University of St. Thomas, Minneapolis, Minnesota and is the Senior Vice Presid"






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    • # posted by penny stocks @ 10:06 AM 0 comments  
     

    PhotoWorks FOTO Penny Stocks

    PhotoWorks FOTO Penny Stocks: "PhotoWorks Outsources Its Traditional Film Development Services

    SEATTLE--(BUSINESS WIRE)--Jan. 21, 2005--
    Focus on Digital Printing Operations Yields Approximately $1.6M in Annualized Overhead Savings


    PhotoWorks(R), Inc. (OTCBB:FOTO), a leading provider of digital and film photography services with a 25-year national heritage of uncompromising quality (formerly known as Seattle FilmWorks), announced today that it has signed an agreement whereby District Photo -- one of the largest mail-order film processors -- will now provide photofinishing services for PhotoWorks' mail order film development business.
    'Our decision to outsource our traditional film processing is a cornerstone in PhotoWorks' revitalization plan,' said Philippe Sanchez, PhotoWorks President and CEO. 'In line with consumers' switch to digital photography, we have built a scalable digital infrastructure, launched a new website and now are aligning our operations accordingly. This agreement will allow us to focus on our growing digital business while elevating our level of service for traditional film photographers.'
    Over the past fourteen months, PhotoWorks has redefined its direction to take advantage of the rapidly growing digital market while remaining loyal to its film customer base. In October, PhotoWorks launched a new, state-of-the-art website (www.photoworks.com) and suite of industry defining digital products and services including PhotoWorks' Signature Photo Cards and Custom Photo Books which paved the way for strong digital growth over the Holiday season.
    This agreement will further reduce overhead expenses by approximately $1.6 million on an annualized basis while "






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    • # posted by penny stocks @ 10:01 AM 0 comments  
     

    DRVW DirectView Chosen for University of South Carolina Project

    DRVW DirectView Chosen for University of South Carolina Project: "DRVW DirectView Chosen for University of South Carolina Project

    BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 21, 2005--DirectView, Inc. (OTCBB:DRVW) a full-service provider of high-quality, cost efficient videoconferencing technologies and services, today announced they have completed delivery on the initial purchase orders received for Videoconferencing equipment for the University of South Carolina.


    Jeff Clem, Regional Sales Manager for DirectView said, 'We are very pleased to be chosen for such a prestigious project. We are looking forward to completing future projects for USC and expanding on the success we have achieved in the distance learning market here at DirectView.'

    About DRVW DirectView, Inc.
    DirectView Inc. (http://www.DirectViewInc.com) is a full-service provider of high-quality, cost efficient videoconferencing technologies and services. DirectView provides multipoint videoconferencing, network integration services, custom room design, staffing, document conferencing and IP / Webconferencing services to businesses and organizations in the United States and around the world. DirectView conferencing services enable our clients to cost-effectively, instantaneously conduct remote meetings by linking participants in geographically dispersed locations.
    This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the broadband market, broadband availability, the"






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    • # posted by penny stocks @ 9:57 AM 0 comments  
     

    FRCP Force Protection Announces $15.8 Million Equity Investment

    FRCP Force Protection Announces $15.8 Million Equity Investment: "FRCP Force Protection Announces $15.8 Million Equity Investment

    LADSON, S.C.--(BUSINESS WIRE)--Jan. 21, 2005--
    Step Positions Armored Vehicle Manufacturer for Continued Growth as Company Announces Conversion of B & C Preferred


    Force Protection, Inc. (OTCBB:FRCP), a leading U.S. manufacturer of armored vehicles used by U.S. forces in Iraq, announced that it has completed an equity financing in the form of a 'Series D' 6% Convertible Preferred Stock which resulted in gross proceeds of approximately $15.8 million.
    The agreement is one of several steps by the company aimed at building on recent rapid growth fueled by military operations in Iraq and Afghanistan. Company executives also announced that all outstanding Series B and C Preferred Shares will be converted into common stock.
    'This financing will provide us with the necessary working capital to support our operations, and it will allow us to take advantage of the substantial growth opportunities present in our key business segments,' said Force Protection Vice President and Chief Financial Officer Tom Thebes.
    'Additionally, with the completion of a pending reverse 12-for-1 split, the conversion of all previously existing outstanding preferred shares into common stock, and the elimination of anti-dilution provisions for all legacy shareholders, we have put the Company's capital structure in a form that will more readily lead to significant interest from both institutional investors and analysts,' Thebes said. 'Force Protection expects to file for a listing on a national exchange during the first calendar quarter of 2005.'
    Atlanta-based HPC Capital Management Corporation acted as the placement ag"






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    • # posted by penny stocks @ 9:55 AM 0 comments  
     

    AKPB Alaska Pacific Bancshares, Inc. Announces Cash Dividend

    AKPB Alaska Pacific Bancshares, Inc. Announces Cash Dividend: "AKPB Alaska Pacific Bancshares, Inc. Announces Cash Dividend

    JUNEAU, Alaska--(BUSINESS WIRE)--Jan. 21, 2005--Alaska Pacific Bancshares (OTCBB:AKPB) announced today that its Board of Directors declared a quarterly cash dividend of $.07 per share on the Corporation's outstanding common stock. The cash dividend will be payable on February 25, 2005, to stockholders of record as of the close of business on February 14, 2005.
    Alaska Pacific Bancshares is the holding company for Alaska Pacific Bank, a federally chartered savings bank headquartered in Juneau, Alaska, and is traded under the symbol AKPB.
    Contacts


    Alaska Pacific Bancshares
    Roger K. White, 907-790-5135"






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    • # posted by penny stocks @ 9:54 AM 0 comments  
     

    CTIG CTI Group Announces the Sale of Xila Communications, LLC

    CTIG CTI Group Announces the Sale of Xila Communications, LLC: "CTIG CTI Group Announces the Sale of Xila Communications, LLC

    INDIANAPOLIS--(BUSINESS WIRE)--Jan. 21, 2005--CTI Group (Holdings) Inc. (OTCBB:CTIG) announced it completed the sale of the business of its wholly owned subsidiary, Xila Communications, LLC ('Xila'), to eGIX Network Services, Inc. ('eGIX'), after Xila received approval from the Indiana Utility Regulatory Commission to transfer the business. Xila operated as a competitive provider of bundled local and long distance telecommunications solutions to enterprise customers in Indiana.


    According to Brad Houlberg, President and CEO, 'The agreement to sell Xila makes available additional resources which can be better focused on the core competencies of the Company, which include real-time telemanagement, electronic invoice processing, expense management, and service solutions.'
    CTI Group (Holdings) Inc. is an international provider of next-generation invoice processing and, telemanagement solutions for telecommunications service providers and their enterprise customers. CTI Group's SmartBill(R)Connect, and Proteus(TM) product suites offer a full array of solutions for telecommunications usage analysis, management, and electronic invoice receipt, processing and payment. CTI Group's products are in daily use by some of the top service providers in North America and the United Kingdom, and play a key role in managing telecommunication costs at major enterprises around the world. Headquartered in Indianapolis, CTI Group maintains an overseas office in London. For more information, please visit CTI Group's website at www.ctigroup.com.
    Safe Harbor Statement This press release contains 'forward-looki"






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    • # posted by penny stocks @ 9:51 AM 0 comments  

    Friday, January 21, 2005

     

    USXP Universal Express And Alpine Air Express Announce Assignment of Stock Purchase Agreement

    USXP Universal Express And Alpine Air Express Announce Assignment of Stock Purchase Agreement: "USXP Universal Express And Alpine Air Express Announce Assignment of Stock Purchase Agreement

    NEW YORK--(BUSINESS WIRE)--Jan. 21, 2005--Universal Express Inc. (OTCBB: USXP), and Stonetree Group, LLLP announced their agreement to assign the rights of Universal Express to the stock purchase agreement for a majority interest in Alpine Air Express, Inc. (OTCBB: ALPE) to Capitalliance Financial Services, LLC.

    'Capitalliance is in the process of acquiring 75% of USXP Capital, a division of Universal Express. With USXP's recently announced acquisition of Universal Jet, coupled with Capitalliance's commitment to USXP, it just seems prudent to have Capitalliance complete the Alpine Air Express stock transaction,' stated Mr. Mike Baldridge, CEO of Stonetree Group.
    Capitalliance Financial Services, LLC with substantial interest in commercial leasing, insurance, reinsurance and structured finance services, views the potential affiliation as a natural compliment to its present expansion policies.
    'Since all parties have committed resources to this merger/acquisition, we are very pleased to be a part of this transaction and its future operational contracts. I continue to be committed to a successful transition between Stonetree Group and Capitalliance,' stated Mr. Richard A. Altomare, Chairman & CEO of Universal Express.
    About Universal Express
    Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital Corp., (including its USXP Cash Express division) Universal Express Logistics, Inc. (including Virtual Bellhop, LLC and Luggage Express), UniversalPost Network and Universal Jet Aviation. "






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    • # posted by penny stocks @ 8:26 AM 0 comments  
     

    ASWRF Anglo Swiss Discovers Potential Diamondiferous Diatreme

    ASWRF Anglo Swiss Discovers Potential Diamondiferous Diatreme: "ASWRF Anglo Swiss Discovers Potential Diamondiferous Diatreme

    VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 21, 2005--Anglo Swiss Resources Inc. (TSX VENTURE:ASW) (OTCBB:ASWRF) (Berlin:AMO) now controls 100% of 31,000 hectares in a contiguous claim group known as the 'McAllister Group,' located 13.5 kilometres southeast from the City of Nelson, British Columbia. The company's original claim in this area, the McAllister Diatreme, has been identified as the host of a potential diamondiferous lamproite.


    The staking was completed on January 13, 2005 to ensure a significant land base to include additional areas of interest in the Nelson Mining District, where Anglo Swiss discovered its first diatreme.
    Anglo Swiss President, Len Danard stated, 'We believe we have located a second diatreme approximately 4 kilometres from the McAllister Diatreme, which suggests that a cluster of diatremes may be present in the area. This new development is a perfect complement to our existing gemstone properties in south-eastern British Columbia.'
    Work To-date
    Anglo Swiss originally staked two adjoining claims in June of 2004 (McAllister & Pipe) and then added the K1 - K4 claims in November. Initial work focused on the McAllister claim due to its physical attributes recognised from a helicopter. One specimen was collected and submitted for petrographic analysis.
    The sampled portion of the pipe is described as 'an ultramafic coarse fragmented rock named a heterolithic fragmental biotite lamprophyre breccia.' To further assess the diatreme a larger 20 kg. sample has been submitted for physical separation of indicator minerals at a laboratory specializing in diamond exploration. Results"






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    • # posted by penny stocks @ 8:25 AM 0 comments  

    Thursday, January 20, 2005

     

    CHID China Digital Communication Group Retains Investor Relations International for Expanded Shareholder Communications Effort

    CHID China Digital Communication Group Retains Investor Relations International for Expanded Shareholder Communications Effort: "CHID China Digital Communication Group Retains Investor Relations International for Expanded Shareholder Communications Effort

    SHENZHEN, China & LOS ANGELES--(BUSINESS WIRE)--Jan. 20, 2005--China Digital Communication Group (OTCBB:CHID), one of the fastest growing battery production companies in China, today announced that it has retained Investor Relations International (IRI) to lead an expanded strategic investor relations program.

    As investor relations counsel for China Digital Communication Group, Los Angeles-based IRI will use its multi-pronged method to raise investor awareness of the Company, its progress in executing its business strategy, and the Company's growth outlook. The investor relations program is intended to raise the investment community's awareness of the Company and its growth strategy using print and electronic media as well as direct communication with money managers and current or prospective shareholders.
    'We are pleased to have Investor Relations International working with us to increase the professional investment community's interest in China Digital,' said Sun Yibo, China Digital's Chairman and Chief Executive Officer. 'With our recent entry into the US financial markets, we are seeking to partner with a highly experienced and respected IR firm to introduce our story to the investment community and help us improve our transparency and disclosure practices. IRI is a firm with solid experience on both sides of the Pacific with a tremendous reputation and an aggressive, results oriented program that should benefit our investors through increased shareholder value.'
    To be added to China Digital's "






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    • # posted by penny stocks @ 3:48 PM 0 comments  
     

    FNIX Fonix Offers Stock Option Exchange Program to Employees

    FNIX Fonix Offers Stock Option Exchange Program to Employees: "FNIX Fonix Offers Stock Option Exchange Program to Employees

    SALT LAKE CITY--(BUSINESS WIRE)--Jan. 20, 2005--Fonix(R) Corp. (OTCBB: FNIX), an integrated communications carrier providing telecommunications services and value-added speech technologies, on Jan. 19, 2005 filed with the Securities and Exchange Commission (SEC) a Schedule Tender Offer (TO) relating to a proposed stock option exchange offer for employees.


    The offer gives eligible Fonix employees the opportunity to exchange outstanding stock options for the same number of new options to be issued at least six months and one day from the expiration of the offer. The Schedule TO will not add any additional shares to the employee stock option plan, nor will it result in the issuance of more employee stock options than are presently outstanding. Employees have until Feb. 21, 2005 to respond to the offer. The Schedule TO and related exhibits are available at the Securities and Exchange Commission's Web site at http://www.sec.gov and will be delivered to all eligible Fonix employees.
    About Fonix
    Fonix Corp. is an innovative communications and technology company that provides integrated telecommunications services and value-added speech technologies. Through Fonix Telecom Inc., a rapidly growing Atlanta-based provider of communications services to businesses and residential consumers, Fonix provides a full array of wireline voice, data, long distance and Internet telephone service utilizing traditional lines, as well as next-generation networks such as Voice Over Internet Protocol, Broadband Over Power Lines and fixed wireless technology. In addition, Fonix Speech currently offers voice technology solutions for mobile/wireless devic"






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    • # posted by penny stocks @ 3:44 PM 0 comments  
     

    BSKO Big Sky Energy Corporation Announces Drilling Operation Update

    BSKO Big Sky Energy Corporation Announces Drilling Operation Update: "BSKO Big Sky Energy Corporation Announces Drilling Operation Update

    CALGARY, Alberta--(BUSINESS WIRE)--Jan. 20, 2005--Big Sky Energy Corporation, (OTCBB:BSKO) (the 'Company') announced today that it anticipates resuming its drilling activities at its Well #10 in the Morskoe Field by February 1, 2005.

    The Morskoe Field, which is located on the north-east shore of the Caspian Sea, has experienced unusually severe weather conditions which caused the sea to flood the field where Well #10 is located and caused a suspension of drilling operations. Repairs to the well-site and lease access road have now been completed. Well-site equipment is currently being inspected and readied in anticipation of a drilling start by February 1.
    Well #10 had been drilled and cased to a depth of 350m when operations were suspended. The anticipated total depth of 1,300m is expected to be reached within two weeks of commencement of drilling. Well #10 offsets the capped Well #6 which was drilled in 1965 and tested 1,300 BOPD of 25� API crude on a 9mm choke. Based on the test results from Well #10, two additional infill locations will follow directly.
    Big Sky Energy Corporation is an international oil and gas exploration company, looking to explore in the world's most prolific basins in order to become a leading low-cost finder of hydrocarbons. The Company is currently operating in Kazakhstan's pre-Caspian basin, and has amassed over 15,000sq.km. of licenses in the past year, which it is currently exploiting.
    Note: The information contained in this press release contains forward looking statements which are based on the current expectations of the management of Big Sky Energy Corporation only"






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    • # posted by penny stocks @ 3:01 PM 0 comments  

    Wednesday, January 19, 2005

     

    MTEK PowerSecure Wins $2 Million Project

    MTEK PowerSecure Wins $2 Million Project: "MTEK PowerSecure Wins $2 Million Project

    DENVER--(BUSINESS WIRE)--Jan. 19, 2005--Metretek Technologies, Inc. (OTCBB:MTEK) announced that its PowerSecure subsidiary has won a contract that is expected to generate approximately $2 million in revenues to PowerSecure. For competitive reasons, the name and location of the customer, as well as the exact scope of the project, were not disclosed.


    According to Sidney Hinton, president and chief executive officer of PowerSecure, the project is expected to be completed during 2005. 'We worked closely with the customer to design a solution that met the customer's operational needs and economic thresholds,' said Hinton. 'It is gratifying to win a project of this size, especially as it is in one of our newer geographic regions and bears evidence that we are continuing to gain traction in new markets as we pursue our goal of becoming a full-service nationwide distributed generation company.'
    PowerSecure has utilized its extensive engineering expertise associated with electric utility systems and distributed generation to develop custom solutions that include switchgear marketed under the NexGear(R) brand, engineering services associated with managing energy and energy costs, remote monitoring services, and fully installed Interactive Distributed Generation(R) (IDG(R)) systems.
    Distributed generation involves the design and construction of electric generation equipment and controls directly within a commercial or industrial customer's facility. The onsite equipment provides the customer's facility with supplemental and backup power generation capacity, and, in many cases, may also provide the customer with stable power quality and a real-time means by "







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    • # posted by penny stocks @ 3:25 PM 0 comments  

    Tuesday, January 18, 2005

     

    CTLE The CattleSale Company Forms Wireless Interface Company and Purchases IDComm RFID Process Patent

    The CattleSale Company Forms Wireless Interface Company and Purchases IDComm RFID Process Patent: "The CattleSale Company Forms Wireless Interface Company and Purchases IDComm RFID Process Patent

    SAN ANTONIO--(BUSINESS WIRE)--Jan. 18, 2005--The CattleSale Company (OTCBB:CTLE) announced today that it has created a wholly owned RFID (Radio Frequency Identification) subsidiary, Wireless Interface Systems, Inc, ('WIS') and has signed a purchase agreement with IDCOMM, Inc. to purchase the company's proprietary ISO Memory tag technology and database management system. The IDComm purchase includes the CowTek ISO Memory Tag Technology that CTLE acquired through the acquisition of CowTek Inc. earlier in 2004 and the IDComm patent application Serial No. 10/165,775, filed June 7, 2002, which application was published January 30, 2003 under publication No. 2003/0023517 A1 (the 'IDC Patent and SmartWare Technology'). The IDComm software system is used for identification and tracing of individual data records that interface with radio frequency identification (RFID) technologies for the purpose of tracking product information through commercial value chains. IDComm has developed a proprietary read/write technology system, SmartWare(TM), which allows each individual user the flexibility of storing data on a product as it progresses from its point of origin to an end-user. This SmartWare(TM) system and method is the 'engine' that drives database structures and Input/Output for readers/writers in all RFID frequencies and it is the backbone of the Company's software and hardware products. This wireless system enables the tagged product to become a distributive database containing important information that can be reduced to a read/write format and accessed"






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    • # posted by penny stocks @ 3:52 PM 0 comments  
     

    FNIX Fonix Telecom Call Center Scores High Marks for Customer Service; According to an Independent Survey Conducted for EnergyUnited

    FNIX Fonix Telecom Call Center Scores High Marks for Customer Service; According to an Independent Survey Conducted for EnergyUnited: "FNIX Fonix Telecom Call Center Scores High Marks for Customer Service; According to an Independent Survey Conducted for EnergyUnited

    ATLANTA--(BUSINESS WIRE)--Jan. 18, 2005--The call center of Fonix Telecom Inc., a subsidiary of Fonix Corp. (OTCBB: FNIX) offering next-generation integrated communications services, received a 96.4 percent out of a 100 percent approval rating in a customer service survey conducted by Shoppers Inc. ('Shoppers'), an independent customer service evaluation company. The survey was conducted on behalf of Fonix Telecom partner EnergyUnited.


    Shoppers phoned or visited call centers that conduct business with EnergyUnited to evaluate employee customer service skills. Shoppers ranked employees on their skills via a series of yes/no items and rated them as having exceeded, met or failed to meet expectations. The overall performance of Fonix Telecom's call center employees averaged 96.4 percent, up from 91.4 percent in September 2004. The survey was initiated six months ago and results are provided on a quarterly basis. This marks Fonix Telecom's second quarter with acknowledged high excellence ratings in customer service.
    'We have always been committed to investing in and cultivating meaningful long-term relationships with our customers and partners,' said Phil Cleveland, director of marketing of EnergyUnited. 'These surveys enable us to respond with a sense of urgency to customer needs.'
    'Customers should be able to count on pleasant, reliable, high-quality service each time they speak with a Fonix Telecom representative,' said W. Dale Smith, senior vice president and general manager,"






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    • # posted by penny stocks @ 3:50 PM 0 comments  
     

    WLDI World Am Inc. Is Included on NASDAQ Threshold Security List of Companies

    WLDI World Am Inc. Is Included on NASDAQ Threshold Security List of Companies: "WLDI World Am Inc. Is Included on NASDAQ Threshold Security List of Companies

    WESTMINSTER, Colo.--(BUSINESS WIRE)--Jan. 18, 2005--World Am, Inc. (OTCBB:WLDI), www.world-am.com, whose wholly owned subsidiary, Isotec, Inc., www.isotecinc.com, conceives, develops and markets state-of-the-art security systems, announced today that based on a new Securities and Exchange Commission regulation governing short selling, known as Regulation SHO, it has been listed on the Threshold Security List published Friday, January 14, 2005. The list, maintained by NASD, is updated daily and includes securities with excessive certificate delivery failures most commonly associated with the illegal practice of 'Naked Short Selling.' The current list can be viewed at www.nasdaqtrader.com/asp/regsho.asp.


    World Am Inc.'s management is hopeful that Regulation SHO, which fully took effect on January 3, 2005, will have a positive impact on mitigating future potential abuse by short sellers who, in the opinion of management, may have played a part in constraining the Company's stock price. Up until now, this short position data has been impossible to verify with any degree of certainty. However, from this point forward, it is hoped that such information should be a matter of public record. The regulation and associated list aims at modernizing rules on short selling by addressing a primary symptom of naked short selling which involves a brokerage firm's failure to deliver stock on the settlement date. (www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm).
    About Regulation SHO
    Regulation SHO took effect January 3, 2005. The list is updated daily and includes securities wh"






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    • # posted by penny stocks @ 3:48 PM 0 comments  
     

    STTC Wholly Owned Subsidiary, WholesaleByUs, Expands Product Distribution To Two More Portals - Overstock.com and Froogle.com

    STTC Wholly Owned Subsidiary, WholesaleByUs, Expands Product Distribution To Two More Portals - Overstock.com and Froogle.com: "STTC Wholly Owned Subsidiary, WholesaleByUs, Expands Product Distribution To Two More Portals - Overstock.com and Froogle.com

    BERNARDSVILLE, N.J.--(BUSINESS WIRE)--Jan. 18, 2005--SoftNet Technology (OTCBB Symbol: STTC) (German WKN#: A0B7RZ) announced today that WholesaleByUs (WBU) expanded product Distribution to Froogle.com and Overstock.com. Froogle.com is operated and run by Google.com. Overstock.com is another auction site similar to EBay.com.

    Overstock.com is an auction site that is expanding its presence on the Internet at an extremely fast rate. Overstock was chosen because it currently provides for the ability of WBU to expand and maximize profitability. However, WBU will remain as a seller through the EBay.com Portal. The recent price increases announced by EBay.com will have a minimal to no effect to the profitability of WBU due to the advanced technology and selling procedures that WBU applies.
    WBU will be selling through the Froogle.com portal here in the United States and in the United Kingdom. Froogle.com will redirect all searches for products listed through the froogle.com search engine to the WBU website. WBU applied for the right to sell through Froogle.com more than two weeks ago. Final approval came on Tuesday, January 11, 2005 for WBU to begin offering products through the Froogle.com portal.
    STTC has been inundated with requests by suppliers of products for more information on the process of selling through WBU on the Internet. Suppliers who are not already selling through WBU will soon learn what suppliers who already sell on and through WBU know - that selling through WBU costs the supplier nothing.






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    • "

    # posted by penny stocks @ 3:44 PM 0 comments  
     

    BBOI Chinese Government Eliminates Agriculture Tax, Benefiting 800 Million Chinese Farmers; Bodisen Sees Favorable Market Environment

    BBOI Chinese Government Eliminates Agriculture Tax, Benefiting 800 Million Chinese Farmers; Bodisen Sees Favorable Market Environment: "BBOI Chinese Government Eliminates Agriculture Tax, Benefiting 800 Million Chinese Farmers; Bodisen Sees Favorable Market Environment

    NEW YORK--(BUSINESS WIRE)--Jan. 18, 2005--Bodisen Biotech, Inc., (OTCBB:BBOI) (website: www.bodisen.com) announced that the Chinese government has adopted new policies in supporting the agricultural sector by eliminating a 50 year old agriculture tax. China has a population of 1.3 billion; approximately 800 million Chinese are farmers. The Chinese agriculture tax brings $7.5 billion per year in tax revenue to the central government and the elimination of the agriculture tax results in approximately 20% in increased annual disposable expenditures for Chinese farmers.


    Agricultural productivity and improvement in farmers' livelihoods are seen as major priorities for China in 2005. By removing tax burdens on farmers, the Chinese government believes it will encourage farmers to stay on the field and help boost the country's food production, instead of migrating to the cities for industrial jobs.
    Qiong Wang, Bodisen's CEO commented 'We are excited to see farmers are relieved of this substantial agriculture tax burden. Annually, Chinese farmers spend 50% of their operating costs on fertilizers and many of them traditionally rely on low quality and cheap chemical fertilizers because of their budget constraints. We believe that the additional disposal expenditures will sway many farmers in choosing higher quality fertilizers that we manufacture and should result in greater demand for our products.
    'Our Bodisen brand organic fertilizers are already popular among Chinese farmers because of the "






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    • # posted by penny stocks @ 3:42 PM 0 comments  
     

    CYBT Cybertel Capital's Core Energy Unit To Investigate New Technology To Increase Production

    CYBT Cybertel Capital's Core Energy Unit To Investigate New Technology To Increase Production: "CYBT Cybertel Capital's Core Energy Unit To Investigate New Technology To Increase Production

    SAN DIEGO--(BUSINESS WIRE)--Jan. 18, 2005--Cybertel Capital Corporation (OTCBB:CYBT) Board Of Directors announced today that Cybertel Capital's Core Energy, LLC will investigate two new reclamation technologies to rework some of its oil wells in Bakersfield, CA. The Technologies are patented and should increase production substantially. Core Managing Director Ted Lamare stated, 'We are always looking for the best and most efficient methodologies to increase well production.' He continued, 'The technologies we will be testing will decrease the amount of time from rework to producing oil and will not cause the environmental concerns we have with steam technology; we anticipate up to as much as 5 times the production after employing these new technologies.'

    About Cybertel Capital
    Cybertel Capital is a holding company that acquires interests in privately held companies. Cybertel Capital would also act as an incubator for profitable companies that would like to go public in the near future. Cybertel Capital will provide services to these companies and investment into their infrastructure that will enable them to become a public entity through dividend distribution to the shareholders of Cybertel Capital. "






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    • # posted by penny stocks @ 3:39 PM 0 comments  
     

    DVNTF Diversinet Announces New Executive Management Team To Bring Strong Operational Focus To The Company

    DVNTF Diversinet Announces New Executive Management Team To Bring Strong Operational Focus To The Company: "DVNTF Diversinet Announces New Executive Management Team To Bring Strong Operational Focus To The Company

    TORONTO--(BUSINESS WIRE)--Jan. 18, 2005--
    Diversinet Corp. Names Kashif Hassan as President, Michael J. O'Farrell as Chief Marketing Officer, and David Annan as Chief Technology Officer.

    Diversinet Corp. (OTCBB:DVNTF), a leading provider of mobile device security, today announced the appointment of Kashif Hassan as President of Diversinet Corp. The company also announced the appointments of Michael J. O'Farrell as Chief Marketing Officer, David Annan as Chief Technology Officer, Charles Walton as Executive Vice President Corporate Development, and Jay Wigdale as a member of the Board of Directors.
    'Diversinet has made significant progress under Nagy Moustafa's leadership', said Mark Steinman, Chairman of the Board of Directors of Diversinet. 'These management changes enable Mr. Moustafa to now concentrate on strategic development and growth opportunities as CEO while the new executive team focuses on the operational execution of the company's business plan.'
    'I am pleased to have the opportunity to work with Mr. Hassan as he brings to Diversinet a wealth of operational and industry experience with international mobile network operators and vendors,' said Mr. Moustafa. 'Diversinet has established itself as a global leader in mobile authentication and security, and Mr. Hassan will lead the team to build on that success and grow the company.'
    Mr. Hassan joins Diversinet from Mobile Diagnostix, where he was the Chairman of the Board of Directors until the company was acquired in 2004. Prior to that, Mr. Hassan was"






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    • # posted by penny stocks @ 3:37 PM 0 comments  
     

    CRCE Crown Resources Corporation Closes US$1.0 Million Private Placement With Kinross Gold Corporation

    CRCE Crown Resources Corporation Closes US$1.0 Million Private Placement With Kinross Gold Corporation: "CRCE Crown Resources Corporation Closes US$1.0 Million Private Placement With Kinross Gold Corporation

    DENVER--(BUSINESS WIRE)--Jan. 18, 2005--Crown Resources Corporation (OTCBB:CRCE) ('Crown') announced that it closed a US$1.0 million private placement financing with Kinross Gold Corporation (TSX:K)(NYSE:KGC) ('Kinross'). Kinross purchased 511,640 common shares of Crown for $1.9545 per share. Crown and Kinross are currently working towards closing the previously announced (Nov. 20, 2003) definitive acquisition agreement whereby Kinross will acquire Crown and its 100%-owned Buckhorn Mountain gold deposit located in north central Washington state, USA, approximately 42 miles by road from Kinross' Kettle River gold milling facility.


    With this private placement, Crown now has approximately 40.5 million shares outstanding. This private placement by Kinross does not affect the exchange ratio of 0.2911 shares of Kinross common stock for each share of Crown that was set in the Agreement.
    Where to Find Additional Information about the Transaction:
    This press release is not, and is not intended to be, a solicitation of proxies or an offer of securities. Investors and security holders of Kinross and Crown are urged to read the proxy statement/prospectus and other relevant materials, when they become available, as they will contain important information about Kinross, Crown and the proposed acquisition. The proxy statement/prospectus and other relevant materials, and any other documents to be filed by Kinross or Crown with the SEC, will be available free of charge at the SEC's Web site at http://www.sec.gov. A free cop"






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    • # posted by penny stocks @ 3:35 PM 0 comments  
     

    ELEC eLEC's VoX Deploys Packet Telephony Technology and Begins Offering VoIP Services Nationwide

    ELEC eLEC's VoX Deploys Packet Telephony Technology and Begins Offering VoIP Services Nationwide: "eLEC's VoX Deploys Packet Telephony Technology and Begins Offering VoIP Services Nationwide

    WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Jan. 18, 2005--eLEC Communications Corp. (OTCBB:ELEC), a local telecommunications company in White Plains, NY, today announced that its wholly-owned subsidiary VoX Communications has successfully deployed its packet telephony technology, and is now offering local and long-distance residential and business Voice Over Internet Protocol (VoIP) service nationwide.


    In addition, Chairman and President of the International Packet Communications Consortium (IPCC) Michael Khalilian welcomed participation and membership of eLEC to the IPCC saying, 'eLEC has a unique status among CLECs by having traditional TDM networks in addition to VoIP platforms and service offerings.' The IPCC is the industry's leading international association dedicated to advancing the deployment of VoIP and packet communications technology.
    eLEC's CEO, Paul Riss, said, 'We are very pleased to have reached an important milestone in transitioning eLEC to a VoIP service provider while continuing to offer our traditional telephone services. This deployment comes after many months of careful planning and it is gratifying to see the results of our efforts unfold according to plan. We are a progressive company that is committed to bringing our existing customers greater choice by offering packet telephony services -- the next step in the advancement of telecommunications. Now, we have an integrated suite of communications services for business and residential customers, including local, long distance, dedicated access, and VoIP.'
    VoX's President, Ma"






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    • # posted by penny stocks @ 3:31 PM 0 comments  
     

    GTEL GlobeTel Signs Letter of Intent with NASA

    GTEL GlobeTel Signs Letter of Intent with NASA: "GTEL GlobeTel Signs Letter of Intent with NASA

    MIAMI--(BUSINESS WIRE)--Jan. 18, 2005--GlobeTel Communications Corp. (OTCBB:GTEL) today announced that the company has signed a Letter of Intent (LOI) with the National Aeronautics and Space Administration (NASA). The agreement with NASA's Dryden Flight Research Center at Edwards Air Force Base in California positions the company for future governmental partnerships and business development ventures.


    The LOI will create a framework for creation of a Space Act agreement between GTEL, the developer and provider of the Stratellite, a High Altitude Platform (HAP) Airship, and NASA Dryden Research Center.
    The parties also envision that the agreement will employ provisions for joint advocacy and proposal development efforts in the pursuit of future new business opportunities of mutual benefit.
    The agreement will provide NASA and other agencies the access to the Stratellite for the installation, integration, and deployment of NASA sponsored sensors and other projects. Under the proposed agreement, other government agencies may, in cooperation with NASA Dryden, utilize the Stratellite for their projects and requirements.
    Timothy Huff, CEO of GTEL, stated, 'It is a great honor to be working with an organization such as NASA. The Space Act agreement will give GTEL access to additional capable personnel and technology, accelerating the growth of both GTEL and our wholly-owned subsidiary, Sanswire Networks LLC, and take advantage of the opportunity that lies ahead of us.'
    A Stratellite is similar to a satellite, but is stationed in the stratosphere rather than in orbit. At an altitude of 10 to 13 miles above the Earth, each Stratellite will have cl"






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    • # posted by penny stocks @ 3:29 PM 0 comments  
     

    CGREF Coral Gold Resources Ltd.: Strong Evidence that Robertson Property has Excellent Potential for Expansion

    CGREF Coral Gold Resources Ltd.: Strong Evidence that Robertson Property has Excellent Potential for Expansion: "CGREF Coral Gold Resources Ltd.: Strong Evidence that Robertson Property has Excellent Potential for Expansion

    VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 18, 2005--Coral Gold Resources Ltd. (the 'Company') (TSX VENTURE:CGR)(OTCBB:CGREF) is pleased to announce the results of the Company's latest drilling program at it's 100% owned Robertson Property, located in eastern Lander County, NV. The purpose of the drilling was to expand the 39A Zone and Porphyry Zone resources.


    The 2004 drilling program, which began November 29, 2004 and was completed December 21, 2004, consisted of 10 vertical reverse-circulation (RVC) drill holes, CR04-11 through CR04-20, totaling 7,200 ft. Depth of the holes ranged from 500-ft to 850-ft-deep. Eight of the RVC holes were directed at expanding the 39A Zone resources and two holes were aimed at assessing a potential northwest extension of mineralization in the Porphyry Zone resource area.
    Nine of ten holes encountered ore-grade interval over thicknesses ranging from 75 ft to 230 ft. A summary of assay results are presented below in Table 1. The latest 2004 drilling resulted in a modest increase to the high-grade portion of the 39A resource and two step-out holes, CR04-13 and CR04-18, expanded it over 100 ft to the north and 150 ft east, respectively. Results from these holes provide strong evidence that the mineralization remains robust with excellent potential for significant expansion both to the east and north.

    Table 1. Summary of assay results for drill holes CR04-11 through
    CR04-20 using a 0.01 oz Au/t cutoff grade and a 10 ft
    minimum thickness.
    "






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    • # posted by penny stocks @ 3:26 PM 0 comments  
     

    FDMLQ Federal-Mogul Supports The Children's Center

    FDMLQ Federal-Mogul Supports The Children's Center: "FDMLQ Federal-Mogul Supports The Children's Center

    SOUTHFIELD, Mich.--(BUSINESS WIRE)--Jan. 18, 2005--For more than a century, Federal-Mogul Corporation (OTCBB:FDMLQ) has supported the communities in which it does business. Most recently, Federal-Mogul sponsored The Children's Center AutoGlow! annual fundraiser held on January 14, 2005, at Ford Field in Detroit, Michigan. During the event, Federal-Mogul Senior Vice President of Powertrain Gerhard Boehm presented a contribution to The Children's Center.

    Funds raised at this year's AutoGlow! support The Children's Center, one of the largest, most diverse and comprehensive frontline child-serving agencies in Michigan. The center offers at-risk youth 25 specialized programs, including Teenage Parenting Program and MEI (Mentally and Emotionally Impaired) Program. The mission of The Children's Center is to help children and families shape their own futures.
    'It is important to Federal-Mogul to support the community and to invest in the future of the children of today,' Boehm said. 'We believe it is vital that at-risk youth are given the opportunity to realize their full potential. For this reason, we are pleased to support The Children's Center as it helps develop strong children and successful families.'
    As a premier North American International Auto Show post party, AutoGlow! is well attended by top automotive executives in southeastern Michigan. Lisa and William Clay, Jr., served as co-chairs at the event. Detroit-area radio station WOMC disc jockey Dick Purtan served as the master of ceremonies.
    About Federal-Mogul
    Federal-Mogul is a leading global automotive supplier offering a comprehensive portfolio of quality produ"






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    • # posted by penny stocks @ 3:23 PM 0 comments  
     

    DRVW DirectView Announces Letter of Intent to Acquire Stratosphere Multimedia LLC

    DRVW DirectView Announces Letter of Intent to Acquire Stratosphere Multimedia LLC: "DRVW DirectView Announces Letter of Intent to Acquire Stratosphere Multimedia LLC

    BOCA RATON, Fla.--(BUSINESS WIRE)--Jan. 18, 2005--DirectView, Inc. (OTCBB:DRVW), a full-service provider of high-quality, cost efficient videoconferencing technologies and services, today announced they have executed a Letter of Intent to acquire Stratosphere Multimedia LLC.


    Stratosphere Multimedia LLC is a visual communications company specializing in interactive meeting and event staging for VideoConferencing, Internet Broadcasting, and Satellite communications. Stratosphere maintains a pool of mobile videoconferencing and internet broadcasting systems, along with a global network database of 3800 public videoconferencing suites and 1700 hotel partners for multi-city events. Stratosphere possesses an expertise that brings mobility to videoconferencing combined with live and archived internet broadcasting. Stratosphere has been a leader in the industry in launching VCnetcast, http://www.VCnetcast.com, the first turnkey internet broadcasting interface that is fully compatible with all videoconferencing systems regardless of manufacturer. Stratosphere expands the business applications for videoconferencing and internet broadcasting to provide new value to the technology and marketplace. The company is a reseller and integration specialist for videoconferencing manufacturers. Stratosphere operates and maintains CEO level videoconferencing facilities in New York City. There is an online tour of the facility at http://www.stratosphere-nyc.com/studio.
    Lee A. Fehr is the Founder, President, & Chief Executive Officer of Stratosphere Multimedia L.L.C., founded in 1995 in New York, New York. Mr. Fehr"






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    • # posted by penny stocks @ 3:20 PM 0 comments  
     

    TLTD Telatinos Pinks Sheets Penny Stock

    TLTD: "TLTD Telatinos Estimates Company Performance For 2005
    MIAMI, Jan. 18, 2005 (PRIMEZONE) -- Telatinos Inc. (Pink Sheets:TLTD), a Latin American VoIP and communication service provider, today announced the Company's estimated revenues from all sources for 2005 to be approximately $85,000,000.

    -- Internet Service Provider (ISP) revenue.
    The Company services approximately 500,000 ISP clients,
    which equates to about $22 million for 2005.
    -- Communication Consultancy (Consultancy) revenue.
    The Company has hired seven new sales/technical
    consultants. We approximate consultancy revenues of
    about $12 million for 2005.
    -- SME Purchase, Implementation and Maintenance (Sales) revenue.
    The Company has booked contracts valued at approximately
    $51 million for 2005.

    In addition, the Company has completed its GAAP audited financials for 2002 and 2003 and will shortly complete audited financials 2004.
    About IPxes Inc.
    IPxes, a wholly owned subsidiary of Telatinos Inc., is a business class, highly scalable communications service that provides broadband data, voice and wireless service using multiple integrated T-1 lines with a layer-2 private network. Our proprietary technology and integration provides our SME customers with dedicated Internet access, customizable business solutions for voice, data, wireless, Internet, and secure communications channels between the SMEs' offices, all partners, vendors, customers and employees without the use of a firewall or encryption devices. IPxes has a growing network presence in South America, including network facilities in Brazil, Peru, Colombia, Costa Rica, and Miami, Florida.
    IPxes' proprietary technology, XRF link(r), remote networ"






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    • # posted by penny stocks @ 3:17 PM 0 comments  

    Monday, January 17, 2005

     

    LENF Law Enforcement Associates Corporation Responds to NY Post Article and Restates Operational Highlights

    Law Enforcement Associates Corporation Responds to NY Post Article and Restates Operational Highlights: "LENF Law Enforcement Associates Corporation Responds to NY Post Article and Restates Operational Highlights

    YOUNGSVILLE, N.C.--(BUSINESS WIRE)--Jan. 17, 2005--Law Enforcement Associates Corporation (OTCBB: LENF), a surveillance and security technology company, responded today to reporter Christopher Byron's article that appeared in the January 17,2005 N.Y. Post.


    In commenting on the article, Paul Feldman, President of Law Enforcement Associates stated, 'It was not only erroneous but contained serious mistakes of fact. It is obvious to us that Mr. Byron has an agenda that is not genuine. It was no coincidence that his article immediately appeared on our rival's message boards. To set the record straight, federal agents did not raid LENF. Furthermore, the Company doesn't even know most of the people he mentioned, most of whom pre-dated our involvement with the Company. The Company's filings with the SEC are up to date and accurate. All one has to do is read his vague reference to Orville Baldridge, a person unknown to the Company and a person who Mr. Bryon does not even remotely connect to the Company. Why is it that Mr. Byron spends his time on events which occurred before present management took control of the Company and doesn't even mention the Company's current products or revenues? This is just another attempt to discredit our business and reputation. All we can say to our investors and stockholders, is consider the source and to rely on facts, not unsupported innuendoes. Mr. Feldman added 'I would like to extend an invitation to all current investors and potential investors to visit our company to see for themselves what we do and how we do it.'"






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    • # posted by penny stocks @ 2:13 PM 0 comments  
     

    YUM Brands Demand for KFC Soaring in China

    Demand for KFC Soaring in China: "Demand for KFC Soaring in China
    Sunday January 16, 4:13 pm ET
    By Bruce Schreiner, Associated Press Writer "

    It turns out that KFC has finally found a new home. For years YUM Brands, parent company of KFC, has seen declining sales at its U.S. based KFC chains. Comapnies like WalMart (WMT) have been struggling to establish themselves in the booming china market. According to Bruce Schreiner, Associated Press, "Demand for KFC is soaring in China; Chain has 1,200 Locations, menus with bamboo shoots, lotus roots..." What is it that KFC is offering that big hitters like McDonalds (MCD) and WalMart can't put together? "We are really positioned as a part of the fabric of life in China," said David Novak, chairman and chief executive of Louisville-based YUM Brands Inc.

    YUM's operating profits in China exceeded $200 million in 2004, more than half the company's burgeoning international profits. The pace of 275 locations opened in the country last year is expected to be matched in 2005.

    Sam Su, president of YUM's China division, called China "the ultimate marketplace." He predicted that as the Chinese economy grows, the number of KFC restaurants will soon surpass that of the United States, where there are 5,453 stand-alone locations and 1,277 multibrand outlets featuring other YUM brands.

    "In many parts of China, the local municipal governments actually view the arrival of a KFC as a sign of the city coming of age," says Su.

    A restaurant industry analyst said KFC's recipe for success in China includes a solid business plan guided by a management team that has been in place for years.

    "For many companies, China is a hope and a dream -- maybe a very realistic hope and a dream -- but for Yum it's reality today," said Joe Buckley with Bear Stearns & Co. "It's an important piece of the company that still has plenty of growth potential ahead of it."

    YUM's China operations represented about 15 percent of the company's operating profits in 2004, a figure expected to reach about 18 percent this year, Buckley said. He reported Chinese fast-food consumers' preferences for chicken has contributed to KFC's success: "It's an advantage to be the chicken brand, given that scenario."

    KFC consumers in China can dig into buckets of original recipe chicken, but KFC has tailored some dishes specifically to Chinese tastes. There's a twister sandwich styled after the way Peking duck is served, but with fried chicken inside along with cucumber shreds. Instead of cole slaw, which never caught on in China, customers can order seasonal vegetables. In spring, it's bamboo shoots; in summer, lotus roots are on the menu. In colder months, there's rice porridge and winter soup.

    Other YUM brands also are vying for Chinese customers. The company opened at least 39 Pizza Hut restaurants in China last year, for a total of 146 outlets, and Su predicts a bright future for the chain. "With the rising income and economic growth, there's no reason to doubt that Pizza Hut will be a huge brand," he said.

    Taco Bell is testing a casual dining format in China, and YUM is even dabbling in Chinese fast-food with one test restaurant in Shanghai.
    "We are working on a model that hopefully can work across China," Su said of Yum's Chinese fare. "If that happens, it's going to be a huge business opportunity."

    But KFC is clearly at the forefront of YUM's expansion. More than 100 KFC restaurants have sprung up in both Beijing and Shanghai. The chain has spread to every Chinese province and region except Tibet. KFC restaurants have reached 280 Chinese cities, compared to just 20 cities in 2000. Yum's revenues in China topped $1 billion last year, up from $261 million in 1998.

    Elsewhere around the globe, KFC opened about 50 new restaurants last year in Britain, another high-growth market for YUM, raising its total chicken outlets to 660. Yum had operating profits of $116 million in Britain and $55 million in Asian markets excluding China last year, with KFC representing 60 percent of the amount.

    In the United States, KFC has struggled in a crowded fast-food sector, including burger chains that have added chicken to their menus. KFC's domestic same-store sales have trended mostly downward the past two years, though Novak predicts a 1 percent to 2 percent gain in 2005.

    In China, KFC has outpaced rival McDonald's Corp., which has its own expansion plans. McDonald's has more than 600 restaurants in China and plans to open about 100 more this year, comparable to 2004. Its long-range plans call for 1,000 restaurants in China by 2008. "We're very bullish on China," said spokesman Walt Riker. "We're aggressively expanding the business." McDonald's sells a "significant amount of chicken" in China, but also offers beef, pork and fish, giving Chinese customers "unique choice and variety," Riker said.

    Most KFC restaurants in China are either company-owned or joint ventures involving the chain. "The company is looking to recruit more franchises" Su said, but added, "we are expanding faster than we are able to find good franchisees."

    Novak said Yum has a big head start over its competitors in China and intends to build on that advantage. "We are truly walking the walk in terms of taking this market," he said. With its growth in China, the brand has come a long way since The Colonel perfected his original recipe, with a secret blend of 11 herbs and spices. The Colonel's face now is displayed on signs and KFC packages across China, though hungry customers might be fuzzy about exactly who he is.

    "I think most people would recognize he's an old gentleman who developed some great recipe and was the founder of KFC," Su said.








    # posted by penny stocks @ 8:50 AM 0 comments  


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