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Stocks That Stand Out For Nov. 25th, 2009 Are CCTR, RFMD, ERHE, GNPG, BZCN
(M2 PressWIRE Via Acquire Media NewsEdge) www.Standoutstocks.com: Stocks That Standout For Nov. 25th, 2009 are China Crescent Enterprises, Inc. (OTCBB: CCTR), RF Micro Devices, (Nasdaq: RFMD), ERHC Energy Inc. (OTCBB: ERHE), Green Planet Group, Inc. (OTCBB: GNPG), BizAuctions, Inc. (Pink Sheets: BZCN)
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China Crescent Enterprises, Inc. to Review Enhanced Milestone ROI Potential and Improved Long-Term Viability in Webcast Tuesday, December 1
DALLAS, TX, Nov 25, 2009 -- China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that the Company has scheduled a shareholder update Webcast for Tuesday, December 1, 2009. The Webcast agenda includes a review of the recently released letter to shareholders on the enhanced milestone ROI potential and improved long-term viability of China Crescent.
China Crescent previously announced launching a new investor relations campaign to improve the quality of communications. As part of the new campaign, the Company plans to conduct weekly shareholder update Webcasts. A link to the Webcast is scheduled to be posted to the corporate website homepage www.chinacrescent.com upon release.
CFO Reviews Record $1.8 Million in Net Income on $30 Million in Revenue for the Nine Months Ending September 30, 2009.
China Crescent released a Webcast this week conducted by the Company CFO Mr. Philip Rauch to review the Company's recently filed third quarter 2009 financial results. The Company reported $30 million in revenue through the first nine months of the year, ending September 30, 2009 and record net income of $1.8 million compared to $517k in net income for the same period in 2008. The Company has forecasted profitable revenue growth in 2009 compared to 2008. The Company reported over $40 million in profitable revenue in 2008.
A link to the on-demand Webcast is available on the corporate website under Recent Webcasts www.chinacrescent.com titled 'China Crescent 3rd Quarter Review.' Sign Up to Receive Regular China Crescent Investor Updates China Crescent sends regular email updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage (www.chinacrescent.com). Recipients can manage their own email contact profile and safely unsubscribe at any time.
About China Crescent Enterprises, Inc. (www.chinacrescent.com) China Crescent Enterprises, Inc. reported over $40 million in profitable revenue in 2008. The Company is a technology leader in the rapidly developing Chinese market specializing today in software engineering, high quality software development and digital multimedia outsourcing services delivered to customers globally. At the same time, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, China Crescent bridges the gap between Western and Eastern business cultures to assist Western clients in realizing the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists Western clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause China Crescent's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
RF Micro Devices(R) to Present at the Credit Suisse 2009 Annual Technology Conference on December 1st
GREENSBORO, N.C., Nov 24, 2009 -- RF Micro Devices, (Nasdaq:RFMD), a global leader in the design and manufacture of high-performance radio frequency components and compound semiconductor technologies, today announced that Company executives are scheduled to present at the Credit Suisse Annual Technology Conference in Scottsdale, AZ on Tuesday, December 1, 2009, at 9:30 am Mountain (11:30 am Eastern Time).
A live audio webcast of these presentations will be available on the Company's web site at the following URL: http://www.rfmd.com (under "Investor").
About RFMD RF Micro Devices, Inc. (Nasdaq:RFMD) is a global leader in the design and manufacture of high-performance radio frequency components and compound semiconductor technologies. RFMD's products enable worldwide mobility, provide enhanced connectivity and support advanced functionality in the cellular handset, wireless infrastructure, wireless local area network (WLAN), CATV/broadband and aerospace and defense markets. RFMD is recognized for its diverse portfolio of semiconductor technologies and RF systems expertise and is a preferred supplier to the world's leading mobile device, customer premises and communications equipment providers.
Headquartered in Greensboro, N.C., RFMD is an ISO 9001- and ISO 14001-certified manufacturer with worldwide engineering, design, sales and service facilities. RFMD is traded on the NASDAQ Global Select Market under the symbol RFMD. For more information, please visit RFMD's web site at www.rfmd.com.
The RF Micro Devices, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6436 This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under the federal securities laws. RF Micro Devices' business is subject to numerous risks and uncertainties, including risks associated with the impact of global macroeconomic and credit conditions on our business and the business of our suppliers and customers, variability in operating results, the rate of growth and development of wireless markets, risks associated with the reduced investment in our wireless systems business, our ability to execute on our plans to consolidate or relocate manufacturing operations, our reliance on inclusion in third party reference designs for a portion of our revenue, our ability to manage channel partner and customer relationships, risks associated with the operation of our wafer fabrication facilities, molecular beam epitaxy facility, assembly facility and test and tape and reel facilities, our ability to complete acquisitions and integrate acquired companies, including the risk that we may not realize expected synergies from our business combinations, our ability to attract and retain skilled personnel and develop leaders, variability in production yields, raw material costs and availability, our ability to reduce costs and improve margins in response to declining average selling prices, our ability to bring new products to market, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, dependence on a limited number of customers, dependence on gallium arsenide (GaAs) for the majority of our products, and dependence on third parties. These and other risks and uncertainties, which are described in more detail in RF Micro Devices' most recent Annual Report on Form 10-K and other reports and statements filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.
RF MICRO DEVICES(R) and RFMD(R) are trademarks of RFMD, LLC. All other trade names, trademarks and registered trademarks are the property of their respective owners.
ERHC Energy Inc. Pursues Investments in Nigeria Oil and Gas Industry
Signs Memorandums of Understanding Related to Interests in Eremor Marginal Field and Stake in Oil Well Testing Company
HOUSTON, TX, Nov 24, 2009 -- ERHC Energy Inc. (OTCBB: ERHE), a publicly traded American company with oil and gas assets in the highly prospective Gulf of Guinea off the coast of West Africa, today announced that negotiations are underway on potential investments that would expand the Company's presence in Nigeria's oil and gas industry.
ERHC has signed a non-binding Memorandum of Understanding (MOU) with Circle Ltd. and Excel Exploration and Production Ltd. to negotiate investment in and acquisition of working interests in the Eremor Marginal Field (OML 46). The Eremor Field, which is located in shallow water off-shore Nigeria, was discovered in 1978. The discovery well, Eremor-1, encountered three oil and gas zones, the most prominent of which is the D-03 reservoir with 43 feet of net oil sand. It was re-entered for testing in 2005 with the D-03 reservoir testing 2,200 barrels per day of oil with API gravity of 220, a low gas to oil ratio and no water. Excel was awarded a 100 percent interest and operatorship of Eremor in 2003.
ERHC, through its locally incorporated subsidiary, ERHC Energy Nigeria Ltd., has also entered into a non-binding MOU with WellTest Integrated Services Ltd. to negotiate the acquisition of a controlling equity interest in WellTest. The company provides well testing, production engineering and procurement services to Nigeria's oil and gas industry.
To coordinate the Company's business development in the Nigerian and West African oil and gas industry, ERHC has opened its Nigeria liaison office at Oguda Close, Maitama, Abuja. The Company's wholly owned subsidiary ERHC Energy Nigeria Ltd. operates the liaison office.
"With considerable progress being made in the ongoing exploration campaign of our oil and gas interests in the Nigeria Sao Tome and Principe Joint Development Zone (JDZ), this is the right time to accelerate business development activities elsewhere," said Peter Ntephe, chief operating officer of ERHC. "These opportunities will begin the process of diversifying our portfolio of assets and accelerate the timeline for producing revenues. We are also investigating other exploration and production opportunities and will report progress to stockholders at the earliest appropriate time." The MOUs are non-binding and the completion of the transaction is subject to, among other things, negotiation of a definitive agreement, satisfactory due diligence and adequate financing. The parties expect to enter into a definitive agreement and complete the transactions, subject to satisfaction of closing conditions and the receipt of all necessary regulatory and other approvals, including board approvals.
ERHC Energy has interests in six of the nine Blocks in the offshore JDZ and realizing the value of these interests remains the Company's primary focus. A comprehensive drilling campaign is currently underway in JDZ Blocks 2, 3 and 4. The Company has additional interests in the Exclusive Economic Zone (EEZ) of Democratic Republic of Sao Tome & Principe.
About ERHC Energy ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in the highly prospective Gulf of Guinea and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its shareholders, investors and employees, and to sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production. For more information, visit www.erhc.com.
Cautionary Statement This press release contains statements concerning ERHC Energy Inc.'s future operating milestones, future drilling operations, the planned exploration and appraisal program, future prospects, future investment opportunities and financing plans, future shareholders' meetings, response to the Senate Subcommittee investigation, developments in the SEC investigation of the Company and related proceedings, as well as other matters that are not historical facts or information. Such statements are inherently subject to a variety of risks, assumptions and uncertainties that could cause actual results to differ materially from those anticipated, projected, expressed or implied. A discussion of the risk factors that could impact these areas and the Company's overall business and financial performance can be found in the Company's reports and other filings with the Securities and Exchange Commission. These factors include, among others, those relating to the Company's ability to exploit its commercial interests in the JDZ and the exclusive territorial waters of Sao Tome and Principe, general economic and business conditions, changes in foreign and domestic oil and gas exploration and production activity, competition, changes in foreign, political, social and economic conditions, regulatory initiatives and compliance with governmental regulations and various other matters, many of which are beyond the Company's control. Given these concerns, investors and analysts should not place undue reliance on these statements. Each of the above statements speaks only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any of the above statements is based.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms on this Web site, such as "recoverable reserves potential," that the SEC's guidelines generally prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K. You may review our filing with the SEC at the following Web site: www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000799235.
Green Planet Group Reports FY2010 Q2 Revenues Increase 3,000%
Company Grows Second Quarter Sales to $16.4 Million from $530,000 Last Year
SCOTTSDALE, Ariz., Nov 24, 2009 -- Green Planet Group, Inc. (OTCBB: GNPG), announced today results for the FY2010 Q2 ending September 30, 2009. All results are detailed in a Form 10-Q filing with the Securities & Exchange Commission.
Highlights for the Quarter include:
-- Quarterly revenues increased 3,000% to $16,406,810.00, compared to $529,650.00 in Q2 of FY2009.
-- Company revenues in the first six (6) months of FY2010 jumped 1,300% to $33,104,714.00 as compared to $2,366,071.00 reported in FY2009.
-- Green Planet Group realized an increase in Q2 Gross Profit to $2,126,629.00, compared to $205,167.00 reported during the same period last year.
-- The Company successfully increased its cash reserves, growing cash on hand to $1,184,843.00, up from $470,288.00 reported Q1 FY2010.
-- Accounts Receivable increased to $5,363,933.00, from $4,349,866.00 recorded March 31, 2009.
-- The Company implemented cost controls that reduced the loss from the prior quarter from $3,683,763 to $991,612 representing a 73% improvement from quarter to quarter.
"Green Planet Group's second quarter marked a continuation of the significant improvement we are experiencing in our Company's overall performance," stated Ed Lonergan, CEO. "We are excited to be exploring several new green opportunities and major acquisitions, and look forward to continued vibrant growth in our Company's core products. I am confident that the dramatic increases we are already experiencing in Green Planet Group's revenues combined with the exciting prospects that lie ahead will quickly lead our Company to sustainable long term profitability," Lonergan concluded.
For all financial details and the full 10-Q financial please visit: http://www.sec.gov/Archives/edgar/data/1372533/000107654209000161/p1108.htm About Green Planet Group Green Planet Group, Inc. (OTCBB:GNPG) is based in Scottsdale, Arizona and engages in ongoing research and development to create products and services that enhance our environment. The Company's revenues are currently derived from the production and distribution of fuel-based energy conservation and clean-air products, as well as through the placement of members of the growing ranks of the unemployed into meaningful "green collar" careers. For additional information, please visit www.greenplanetgroup.com.
Safe Harbor Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results.
Cyber Monday Will Launch Special Promotions for the Holiday Season Buying
SAN DIEGO, Nov 24, 2009 -- BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay liquidation services for excess inventories, overstocks and returns, announces Cyber Monday, November 30, will kick-off special promotions for its customers during the Holiday season buying.
Delmar Janovec, CEO comments, "BizAuctions, a Titanium Powerseller, on eBay through its eBay store name: BusinessAuctions Inc, Cyber Monday will launch special promotions that will run through the Holiday Season for its customers that are looking for great buys on a wide variety of name brand products that BizAuctions customers have become accustomed to. Also, our Lucky 7's retail store in Chula Vista will be offering some exceptional promotions beginning on Black Friday through the Holiday Season that offers great purchases on brand name clothing and special merchandise." "BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment for a lucrative commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. BizAuctions consigns, buys inventory, and liquidates through eBay, its recently opened retail store, Lucky 7's, and soon through its recently announced Letter of Intent with Midwest Outlet Centers," continues Janovec.
The Company's clients have included some of the Nation's leading retail names at the forefront of their industries. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on eBay.
More information is available at www.BizAuctions.com. Investors and media can receive a free investor kit for BizAuctions, Inc. by contacting Investor Relations at investors@BizAuctions.com or (800) 961-3275. A virtual tour of BizAuctions' facilities and flash video presentation can be viewed at http://www.bizauctions.com/ ABOUT BIZAUCTIONS - ADDRESSING THE $60 BILLION PROBLEM BizAuctions, Inc. (Pink Sheets: BZCN) is a prime provider of commercial eBay liquidation services for excess inventory, overstock items, and returns. Our clients have included some of the Nation's leading retail names at the forefront of their industries.
BizAuctions addresses the $60 billion excess inventory problem for clients by sending trucks to pick up pallets of excess inventory, selling the inventory on eBay, and collecting payment.
We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up their valuable storage and retail space.
With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory on eBay.
The Company encourages the public to read the above information in conjunction with its year-end statement for December 31, 2008, and the quarterly statements filed in calendar year 2009, at www.PinkSheets.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein.
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