Companies news of 2007-12-01 (page 1)

  • Interviews & Snow Footage For Charles Schwab Birds of Prey World CupBEAVER CREEK RESORT...
  • NII Holdings Announces the Continued Convertibility of Its 2.875% Convertible Notes Due...
  • Labwire Files Second and Third Quarter Reports - Correction: Nine Month Gross Revenue...

    Interviews & Snow Footage For Charles Schwab Birds of Prey World CupBEAVER CREEK RESORT (Nov. 29-Dec. 2)NEW TIME FOR FEED TODAYMedia Notes: New time and satellite coordinates for Saturday satellite news feed. Coordinates below. Galaxy 17 K12 is 74 degrees west and it is in between satellite AMC 6 and AMC 5.

    BEAVER CREEK, Colo., Dec. 1 /PRNewswire-FirstCall/ -- Heavy snowfall forced postponement Saturday of the Men's Super-G at the Charles Schwab Birds of Prey World Cup races at Beaver Creek Resort. Race schedule will resume Sunday with the FIS Audi World Cup Giant Slalom.

    The Super-G race, originally slated for an 11 a.m. start on Saturday, will now be rescheduled on Monday, December 3, at 10 a.m. The decision extends the original Birds of Prey race schedule by one day.

    Yesterday, the U.S. Ski Team's Steven Nyman (Provo, UT; pronounced NIGH- man) finished second in the downhill race keeping alive the U.S. podium string of six consecutive seasons of top-3 finishes in the downhill at Beaver Creek.

    News feed footage includes: * interviews about the weather and postponement of today's race with U.S. Ski Team's Steven Nyman and Birds of Prey chief of course Greg Johnson * scenic shots of snow and course workers clearing snow off the race course The Charles Schwab Birds of Prey race week schedule: - Sunday, Dec. 2 Giant Slalom

    The storm dropped seven inches of new snow on the Birds of Prey race course by 7 a.m. MT. Beaver Creek has received 17 inches of new snow this week at mid-mountain and opened additional terrain for skiers and snowboarders Saturday.

    For more race or athlete information visit (alpine section) and For information on snow conditions or Beaver Creek Resort, call (800) 404-3535 or visit


    Please Note: Galaxy 17 K12 is 74 degrees west and it is in between satellite AMC 6 and AMC 5.

    Phone to Uplink truck: 970.748.6950 Press Center for race results: 970.845.0406 Media contacts for information: - Juliann Fritz/U.S. Ski Team - 435.640.8379 - Christina Schleicher/Beaver Creek - 970.331.7366 NEW TIME & COORDINATES Saturday, Dec. 1 12:30-12:45 MT (14:30-14:45 ET TIME) Location and Coordinates: Satellite: GALAXY 17K/10 - Slot "A" U/L Freq: 14186.5 Horizontal D/L Freq: 11886.5 Vertical MPEG: 4:2:0 Symb.Rate: 6.6665 FEC: 7 / 8 Racing resumes tomorrow with the giant slalom. Sunday, Dec. 2 15:00-15-15 MT (17.00 - 17.15 EST) What: Men's giant slalom Location and Coordinates: Galaxy 17 K12C 74 degrees west (former SBS6) UL Freq: 14244.5 H DL Freq: 11944.5 V MPEG 4:2:0 Sym: 6.6665 FEC 7/8 Data Rate: 10.7513

    Vail Resorts

    CONTACT: Juliann Fritz, U.S. Ski Team, +1-435-640-8379, or Christina
    Schleicher, Beaver Creek, +1-970-331-7366

    Web site:

    NII Holdings Announces the Continued Convertibility of Its 2.875% Convertible Notes Due 2034 and Its 2.75% Convertible Notes Due 2025

    RESTON, Va., Nov. 30 /PRNewswire-FirstCall/ -- NII Holdings, Inc. (the "Company") announced today that both its 2.875% Convertible Notes due 2034 and its 2.75% Convertible Notes due 2025 (collectively, the "Notes") issued pursuant to indentures between the Company and Wilmington Trust Company, as Trustee, dated January 30, 2004 and August 15, 2005, respectively (collectively, the "Indentures"), will continue to be convertible pursuant to section 14.01(a)(i) of the Indentures. Holders of the Notes may convert the Notes into shares of the Company's common stock during the next fiscal quarter (October 1, 2007 until December 31, 2007) at the applicable conversion rate then in effect.

    About NII Holdings, Inc.

    NII Holdings, Inc., a publicly held company based in Reston, Va., is a leading provider of mobile communications for business customers in Latin America. NII Holdings, Inc. has operations in Argentina, Brazil, Mexico, Peru and Chile offering a fully integrated wireless communications tool with digital cellular voice service, data services, wireless Internet access and Nextel Direct Connect(R) and International Direct Connect(TM), a digital two- way radio feature. NII Holdings, Inc., a Fortune 1000 company, trades on the NASDAQ market under the symbol NIHD and is a member of the NASDAQ 100 Index. Visit the Company's website at

    Nextel, the Nextel logo, Nextel Online, Nextel Business Networks and Nextel Direct Connect are trademarks and/or service marks of Nextel Communications, Inc., a wholly-owned subsidiary of SprintNextel Corporation.

    "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. A number of the matters and subject areas discussed in this press release that are not historical or current facts deal with potential future circumstances and developments. The discussion of such matters and subject areas is qualified by the inherent risks and uncertainties surrounding future expectations generally, and also may materially differ from NII Holdings' actual future experience involving any one or more of such matters and subject areas. NII Holdings has attempted to identify, in context, certain of the factors that it currently believes may cause actual future experience and results to differ from NII Holdings' current expectations regarding the relevant matter or subject area. Such risks and uncertainties include the economic conditions in our targeted markets, performance of our technologies, timely development and delivery of new technologies, competitive conditions, market acceptance of our services, access to sufficient capital to meet operating and financing needs and those that are described from time to time in NII Holdings' Annual Report on Form 10-K for the fiscal year ended December 31, 2006 and other reports filed from time to time with the Securities and Exchange Commission. This press release speaks only as of its date, and NII Holdings disclaims any duty to update the information herein.

    Investor Relations: Tim Perrott (703) 390-5113 Media Relations: Claudia E. Restrepo (786) 251-7020

    NII Holdings, Inc.

    CONTACT: Investors, Tim Perrott, +1-703-390-5113,,
    or Media, Claudia E. Restrepo, +1-786-251-7020,, both
    of NII Holdings, Inc.

    Web site:

    Labwire Files Second and Third Quarter Reports - Correction: Nine Month Gross Revenue Numbers Increase For 2006 and 2007. See the Print in Quotation in Paragraph Three Below.Labwire is Pleased to Announce Year to Date Second and Third Quarter Revenue and Operating Results.

    HOUSTON, Nov. 30 /PRNewswire-FirstCall/ -- Labwire, Inc. (Pink Sheets: LBWR), a leading provider of employee screening solutions and canine security and surveillance services, is pleased to announce that it has filed its interim quarterly financial reports for the periods ending June 30, 2007 and September 30, 2007.

    For the quarters ending June 30, 2007 and September 30, 2007 Labwire reported gross revenue of $1,009,310, and $1,143,804, respectively. This compares favorably to last years results for the same periods of $899,908 and $778,959, respectively. This represents a 12.2% increase for the second quarter and a 56.9% increase for the third quarter.

    'For the nine months ended September 30, 2007, Labwire's gross revenue was $3,321,089 compared to $2,735,907 during the same period in 2006. This represents an increase of $585,182 or 21%.'

    For the quarter ended June 30, 2007 Labwire reported gross profit of $445,379 compared to gross profit of $317,659 in the second quarter of 2006, an increase of $127,720 or 40%. For the quarter ended September 30, 2007 Labwire reported gross profit of $216,721 compared to a gross profit of $211,011 during the same period in 2006, an increase of $5,710 or 2.7%.

    For the second and third quarters of 2007 operating expenses were $298,988 and $252,980 compared to operating expenses of $285,134 and $286,945 respectively. These results represent a reduction of this cost as a percentage of sales for the June quarter to 30% for 2007 verses 32% for 2006 and 22% for September 2007 verses 37% for September 2006. Correspondingly the nine months numbers also improved from $909,858 for 2006 to $849,246 for 2007. This represents an improvement of expense leverage as a percentage of sales from 33% for the nine months ended September 2006 to 26% for the same period of 2007.

    "I am so proud of our Labwire team for continuing to grow sales while also reducing the cost of delivery of services. As the Labwire platform continues to successfully perform, our plans for growth (sales & acquisitions) will move forward," said Dexter Morris, CEO, Labwire Inc.

    Net income also improved for these two quarters. Net income for the June 2007 quarter was $107,822 verses $28,156 for 2006, a 283% increase. Likewise, net income for the September 2007 quarter was $159,962 compared to a loss of $83,400, a $243,362 dollar improvement. The nine month net income results also improved from a loss of $31,264 for 2006 to a profit of $338,126 for 2007. This represents a total dollar improvement for the nine month period ended September 2007 of $369,390.

    About Labwire

    Labwire Inc., Headquartered in Houston, TX, provides secure and compliant employee drug screening and background checking services to Fortune 500 corporations via the Labwire(TM) Platform. Labwire(TM) is a proprietary, web- based application that streamlines the complex regulatory and record management activities associated with employee screening, delivering accurate timely results while eliminating service calls and paper trails. This comprehensive solution to managing employee screening services is the most efficient and cost-effective platform in the industry.

    Safe Harbor Provisions:

    Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Labwire, Inc., (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward-looking statements include without limitation statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.

    Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the Company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the Company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix and the geographic mix of sales.

    The Company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.

    Contact: Investors & Public Relations Marlin Williford Phone: (832) 487-7803

    Labwire Inc.

    CONTACT: Marlin Williford of Capnet Risk Management, +1-832-487-7803,, for Labwire Inc.

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