AUBURN HILLS, Mich., Dec. 31 /PRNewswire/ — The following is a statement
from Chrysler LLC:
“We recognize the magnitude of the effort by the Treasury Department to
complete these multiple financial arrangements quickly and sequentially. The
discussions relating to Chrysler LLC have been positive and productive, and we
look forward to finalizing the details of our financial assistance in the
immediate future.”
Categories: Uncategorized
DEARBORN, Mich., Dec. 31 /PRNewswire-FirstCall/ — Winter driving isn’t
just about traveling safely on snow and ice. It’s also about coping with
potholes when mid-season thaws cause the road to crumble beneath your tires.
Damaged wheels and tires do not only leave motorists stranded at the side
of the road, they can also leave their wallets empty.
It is worth noting that new Ford, Lincoln and Mercury vehicles are subject
to some stringent testing that can help prevent damage caused by chuckholes.
To validate its vehicle designs, Ford has several proving grounds, including
those in Romeo, Mich., and Dearborn, Mich., which are filled with different
types of carefully designed torture devices designed to test and improve the
durability of the entire vehicle.
Ford engineers design parts up-front to handle these potholes in the road
as effectively as possible, balancing them for numerous other customer driving
conditions. To give drivers a fighting chance with monster potholes, engineers
tune shock rebound rates to keep the wheel and tire suspended so it can glide
over the pothole, preventing the tire from dropping down into it and impacting
the edge of the tire and wheel.
Ford Motor Company has several tips for drivers to help prevent damage to
their vehicles from potholes:
— Pay special attention to your tire pressure. Keeping tire pressure
consistently at the manufacturer’s recommendation will help protect your
vehicle’s wheels and tires from being damaged from pothole impacts.
— If safe, don’t swerve to avoid potholes. Swerving can create a
situation where the front wheel and tire on the car can impact the edge of the
pothole at an obtuse angle, which might do more damage than hitting it
squarely.
— If safe, don’t brake just because you see a pothole: heavy braking
compresses the front suspension of the car and will have a tendency to force
the tire and wheel down into the pothole, instead of gliding over
No matter how carefully you drive there’s always the possibility that you
may eventually have a flat tire on the highway. Drive slowly to the closest
safe area out of traffic. This may further damage the flat tire, but your
safety is more important.
If you feel a sudden vibration or ride disturbance while driving, or you
suspect your tire or vehicle has been damaged, immediately reduce your speed.
Drive with caution until you can safely pull off the road. Stop and inspect
the tires for damage. If a tire is under-inflated or damaged, deflate it,
remove wheel and replace it with your spare tire and wheel. If you cannot
detect a cause, have the vehicle towed to the nearest repair facility or tire
dealer to have the vehicle inspected.
Ford Motor Company (NYSE: F), a global automotive industry leader based in
Dearborn, Mich., manufactures or distributes automobiles across six
continents. With about 224,000 employees and about 90 plants worldwide, the
company’s core and affiliated automotive brands include Ford, Lincoln,
Mercury, Volvo and Mazda. The company provides financial services through Ford
Motor Credit Company. For more information regarding Ford’s products, please
visit www.ford.com.
Categories: Uncategorized
ZHEJIANG, China, Dec. 31 /PRNewswire-Asia-FirstCall/ — SORL Auto Parts,
Inc. (Nasdaq: SORL), a leading manufacturer and distributor of commercial
vehicle air brake valves and other auto parts in China, today announced that
China’s State Administration of Taxation has officially confirmed that the
Company’s subsidiary, Ruili Group Ruian Auto Parts Co., Ltd. (“Ruian Auto
Parts”), is entitled to preferential tax treatment, which resulted in a tax
refund that SORL included in its income statement for the second quarter of
2008. As a result, for the years 2007 and 2008, Ruian Auto Parts is entitled
to an income tax exemption on all pre-tax income generated by the company
above its pre-tax income generated in the fiscal year 2006. Additionally, the
Company will enjoy a 50% exemption from the applicable income tax rate of 25%
on any pre-tax income above its 2006 pre-tax income, to be recognized in the
years 2009, 2010 and 2011.
The Company increased its investment in Ruian Auto Parts as a result of
its financing in December, 2006. In accordance with the Income Tax Law of the
People’s Republic of China on Foreign-invested Enterprises and Foreign
Enterprises, Ruian Auto Parts is eligible for additional preferential tax
treatment and the application for such treatment was submitted in 2007.
Xiaoping Zhang, SORL Auto Parts’ CEO and Chairman, said, “We are very glad
to be granted the preferential tax treatment, which benefits our bottom line
through 2011. We will continue to strengthen our corporate tax planning
efforts and keep abreast of any future developments of the relevant tax law to
realize any potential of enhancing our profitability and bringing our
shareholders additional returns.”
About SORL Auto Parts, Inc.
As China’s leading manufacturer and distributor of automotive air brake
valves, SORL Auto Parts, Inc. ranks first in market share in the segment for
commercial vehicles weighing more than three tons, such as trucks and buses.
The Company distributes products both within China and internationally under
the SORL trademark. SORL ranks among the top 100 auto component suppliers in
China, with a product range that includes 40 types of air brake valves and
over 1000 different specifications. The Company has four authorized
international sales centers in Australia, United Arab Emirates, India, and the
United States, with additional offices slated to open in other locations in
the near future. For more information, please visit http://www.sorl.cn .
For more information, please contact:
At SORL Auto Parts, Inc.
Ben Chen
Director of Investor Relations
Tel: +86-577-6581-7721
Email: ben@sorl.com.cn
At ICR, Inc.:
In China:
Wei-Jung Yang
Tel: +86-10-8523-3088
Email: weijung.yang@icrinc.com
In U.S.
Brian M. Prenoveau, CFA
Tel: +1-203-682-8200
Email: brian.prenoveau@icrinc.com
Categories: Uncategorized
NEW YORK, Dec. 31 /PRNewswire/ — GMAC Financial Services today announced
that it has consummated its separate private exchange offers and cash tender
offers to purchase and/or exchange certain of its and its subsidiaries’ (the
“GMAC offers”) and Residential Capital, LLC’s (the “ResCap offers”)
outstanding notes specified in the tables below (the “GMAC old notes” and the
“ResCap old notes”, respectively). Approximately $17.5 billion in aggregate
principal amount (or 59%) of the outstanding GMAC old notes were validly
tendered and accepted in the GMAC offers and approximately $3.7 billion in
aggregate principal amount (or 39%) of the outstanding ResCap old notes were
validly tendered and accepted in the ResCap offers.
Consummation of the GMAC offers will result in the issuance of
approximately $11.9 billion aggregate principal amount of new GMAC senior
guaranteed notes of various series and approximately $2.6 billion aggregate
liquidation preference of new GMAC cumulative perpetual preferred stock.
The table below shows, for each series of existing GMAC notes, the
aggregate principal amount tendered and accepted and the related aggregate
principal amount of new senior guaranteed notes that will be issued.
Principal Amount of
Related New Senior
Principal Amount Guaranteed Notes
Series of Old Notes Tendered and Accepted Issued
Euribor + 1.250% Notes due 2009 EUR 309,193,000 USD 323,103,000
4.750% Notes due 2009 EUR 225,680,000 USD 211,885,000
6.500% Notes due 2009 USD 149,677,000 USD 126,982,000
7.750% Notes due 2010 USD 1,181,709,000 USD 778,854,000
5.750% Notes due May 2010 EUR 36,734,000 USD 34,327,000
5.750% Notes due Sept. 2010 EUR 456,475,000 USD 448,949,000
6.625% Notes due 2010 GBP 51,833,000 USD 48,830,000
7.250% Notes due 2011 USD 1,202,931,000 USD 802,159,000
6.000% Notes due Apr. 2011 USD 174,284,000 USD 122,605,000
5.375% Notes due 2011 EUR 594,069,000 USD 570,441,000
6.875% Notes due 2011 USD 4,347,883,000 USD 3,087,771,000
6.000% Notes due Dec. 2011 USD 871,998,000 USD 562,268,000
7.000% Notes due 2012 USD 544,784,000 USD 357,492,000
6.625% Notes due 2012 USD 613,701,000 USD 407,348,000
6.000% Notes due 2012 EUR 136,772,000 USD 129,264,000
6.875% Notes due 2012 USD 1,198,666,000 USD 784,677,000
6.750% Notes due 2014 USD 1,194,091,000 USD 764,653,000
Libor + 2.200% Notes due 2014 USD 471,615,000 USD 294,768,000
8.000% Notes due 2031 USD 3,034,460,000 USD 1,995,021,000
Consummation of the ResCap offer will result in the issuance of
approximately $688 million aggregate principal amount of new GMAC 7.50% senior
notes due 2013 and approximately $483 million aggregate principal amount of
new GMAC 8.00% subordinated notes due 2018.
The table below shows for each series of existing ResCap notes the
aggregate principal amount tendered and accepted.
Principal Amount
Series of Old Notes Tendered and Accepted
Libor + 3.10% Floating Rate Notes due April 2009 USD 6,225,000
Libor + 3.83% Floating Rate Subordinated Notes
due April 2009 USD 15,000,000
Libor + 3.10% Floating Rate Notes due May 2009 USD 12,940,000
8.500% Senior Secured Guaranteed Notes due 2010 USD 830,511,000
8.375% Notes due 2010 USD 429,211,000
Euribor + 3.45% Floating Rate Notes due 2010 EUR 18,100,000
8.000% Notes due 2011 USD 9,372,000
7.125% Notes due 2012 EUR 12,295,000
8.500% Notes due 2012 USD 15,089,000
8.500% Notes due 2013 USD 401,417,000
8.375% Notes due 2013 GBP 3,965,000
9.875% Notes due 2014 GBP 1,000,000
9.625% Junior Secured Guaranteed Notes due 2015 USD 1,889,828,000
8.875% Notes due 2015 USD 38,728,000
The cash elections for each of the GMAC offers and the ResCap offers were
oversubscribed. As a result, each eligible holder who made a cash election in
the GMAC offers will have approximately 23.2% of the amount of old notes it
tendered accepted for cash, and the balance of old notes each such holder
tendered that was not accepted for purchase for cash will be exchanged into
new securities, in the amount determined pursuant to the applicable new
securities exchange ratios, as if such holder had made a new securities
election with respect to such balance of old notes. Furthermore, each
eligible holder who made a cash election in the ResCap offers will have
approximately 47.8% of the amount of old notes it tendered accepted for cash,
and the balance of old notes each such holder tendered that was not accepted
for purchase for cash will be exchanged into new securities, in the amount
determined pursuant to the applicable new securities exchange ratios, as if
such holder had made a new securities election with respect to such balance of
old notes.
To determine the consideration paid, the principal amounts of old notes
denominated in Euros and Sterling have been converted to U.S. dollars at
currency exchange rates set on December 24, 2008 of $1.3964/EUR and
$1.4673/GBP.
About GMAC Financial Services
GMAC Financial Services is a global finance company operating in and
servicing North America, South America, Europe and Asia-Pacific. GMAC
specializes in automotive finance, real estate finance, insurance, commercial
finance and online banking. As of Dec. 31, 2007, the organization had $248
billion in assets and serviced 15 million customers. Visit the GMAC media site
at http://media.gmacfs.com/ for more information.
Forward-Looking Statements
This press release contains various forward-looking statements within the
meaning of applicable federal securities laws, including the Private
Securities Litigation Reform Act of 1995, that are based upon our current
expectations and assumptions concerning future events, which are subject to a
number of risks and uncertainties that could cause actual results to differ
materially from those anticipated.
The words “expect,” “anticipate,” “initiative,” “plan,” “intend,” “may,”
“would,” “could,” “should,” “believe,” or the negative of any of those words
or similar expressions is intended to identify forward-looking statements. All
statements contained in or incorporated by reference into this press release,
other than statements of historical fact, including, without limitation,
statements about our plans, strategies, prospects and expectations regarding
future events and our financial performance, are forward-looking statements
that involve certain risks and uncertainties.
While these statements represent our current judgment on what the future
may hold, and we believe these judgments are reasonable, these statements are
not guarantees of any events or financial results, and our actual results may
differ materially due to numerous important factors that are described in Item
1A of our Annual Report on Form 10-K for the year ended December 31, 2007, as
updated by our subsequent Quarterly Reports on Form 10-Q, and our Current
Reports on Form 8-K. Many of these risks, uncertainties and assumptions are
beyond our control, and may cause our actual results and performance to differ
materially from our expectations. Factors that could cause our actual results
to be materially different from our expectations include, among others, the
final settlement amounts and proration factors described above in this press
release. Accordingly, you should not place undue reliance on the forward-
looking statements contained or incorporated by reference in this press
release. These forward-looking statements speak only as of the date on which
the statements were made. We undertake no obligation to update publicly or
otherwise revise any forward-looking statements, except where expressly
required by law.
Categories: Uncategorized
NEW YORK, Dec. 31 /PRNewswire/ — In the late summer of 2009, the technology will be demonstrated by driving a full sized SUV equipped with “The Boston Air Machine Engine” from New York City, Via Chicago, and finally Los Angeles, achieving in excess of 200 MPG at normal highway speeds with a range of 800 – 1000 miles between refueling.
The turbine technology of the automobile provides 8 hours of city driving between charges. When stopped, the “Boston Air Machine” engine will recharge the system fully within 1.5 hours with no plug-in resulting in 100MPG city driving.
The Technology has been presented to both the Current Administration as well as the incoming Obama Administration. In addition, we are in communication with The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) and The International Brotherhood of Electrical Workers with regards to cooperation, participation and deployment of both technologies.
“This technology will create a shift in the paradigm of the world economy and will, in a GREEN ecological way, impact the future of our planet,” states Finan.
New York City Consulting Group (NYCCG) LLC., has entered into an exclusive multi-level interdependent contract with Aeolus Alternative Energy Inc. and Native Partnerships. Aboard the vehicle on the historic cross country drive will be: 1. Mr. Constantine Tsatsis, CEO, Aeolus Alternative Energy Inc., Inventor, Entrepreneur and American Patriot; 2. John M. Finan, President CEO New York City Consulting Group, Past Presidential Candidate of The United States of America, Libertarian Party 2008; 3. Blake Trueblood, Esq., representing Native Partnerships; 4. Mr. Larry Blake Chief Engineer, Aeolus Alternative Energy Inc. The remaining four seats will be filled by current silent protected parties and select project participants and investors. The journey will be done with all of the grandeur of a Howard Hughes or Amelia Earhart event. “It will be something for Citizens of America and The World to view and enjoy from the comfort of their own armchairs,” states Finan.
Although it is the intent of the protected parties to license the technology to all automotive companies, we will be manufacturing independently under the “Native” brand. The first vehicle in production of the Native Brand Automobile will be The Native PC, which stands for “Politically Correct – People Car”. “We have already been offered $50 Million USD for the patents,” states Mr. Tsatsis. Finan, Tsatsis and Trueblood state emphatically, “As American Patriots, we will offer this technology to the people and stop at nothing to build this car. We will not permit Our Country and the U.S. Automobile Industry to be sold out yet gain!”
An adaptation of the turbine technology for home use and wind farms has been identified. Via our native Partnerships, we will be defining wind farm sites for exclusive review of our investors prior to January 15, 2009. “The wind turbine itself is remarkable,” states John M. Finan. The attributes are as follows; home turbine produces 2.7kw/hr (just under 2700 KW/Hrs per month) – easily enough to power a large home in an area with 12 mph average wind annually. They are stackable up to three high if need be, giving the customer in high wind location the ability to sell power back to the utility company and realize a profit. It is our intent to provide the equipment and installation free of charge and lease the equipment to the customer, enabling the end user to afford the technology and immediately begin to realize the cost savings benefit, similar to a cable TV installation and contract. It is both innovative and appealing. The Turbines have no outside moving parts, are virtually noise free, are aesthetically pleasing, and fully enclosed so no wildlife nor any matter can enter into the rotor assembly. The turbine, which is particularly safe and effective in Urban Environments, has been presented to Hon. Michael Bloomberg. For Mr. Bloomberg, a friend and political ally of Mr. Finan, this will fulfill his publicly expressed desire for a wind turbine energy solution for New York City. Other urban centers in high wind zones will also be able to take advantage of this application.
The projects and patented technologies have been in development for seven years. All of the various projects and entities have been discussed and approved in meetings during the past Twelve (12) months at The University Club, The Penn Club, The Harvard Club New York, N.Y., and representatives of 281 American Indian Reservations.
“This is a demonstration of our ability to successfully complete our initiatives, the full scope of which are available upon request,” states Finan.
Categories: Uncategorized
MADD Reminds America to Start 2009 Safely
DALLAS, Dec. 31 /PRNewswire-USNewswire/ — Mothers Against Drunk Driving (MADD) hopes everyone will add “designate a sober driver” to their list of New Year’s resolutions. Last year, 1,293 people were killed in drunk driving crashes between Thanksgiving and New Year’s Day. Equally appalling, according to a recent report issued by MADD, there are more than 2 million drivers with three or more DUI convictions driving on our nation’s highways, including more than 400,000 with five or more drunk driving convictions.
“Drunk driving is a violent crime that is 100 percent preventable,” says Laura Dean-Mooney, MADD national president. “Far too many people are killed and injured annually because someone decides to get behind the wheel after drinking. Enjoying New Year’s Eve is fun, but it’s far more important to live to 2009.” MADD, the Governors Highway Safety Association (GHSA) and the International Association of Chiefs of Police (IACP) support the holiday crackdown, Drunk Driving. Over the Limit. Under Arrest., which protects the public through increased, high-visibility law enforcement, using sobriety checkpoints and saturation patrols.
MADD also asks the public to support its Campaign to Eliminate Drunk Driving, which calls for full implementation of current technologies (such as ignition interlocks), intensive high-visibility law enforcement, exploration and development of advanced vehicle-based technology, and mobilization of grassroots support.
Founded in 1980, MADD’s mission is to stop drunk driving, support the victims of this violent crime and prevent underage drinking. MADD is a 501(c)3 nonprofit, grassroots organization with approximately 400 affiliates nationally and 2 million members and supporters. For more details, visit www.madd.org or call (800) GET-MADD. Free victim/survivor assistance is available 24-7 by calling 877-MADD-HELP.
Media Availability: MADD National President Laura Dean-Mooney will be available for interviews on Wednesday, December 31between 10 a.m. and 4 p.m. EST. To schedule an interview, contact Janie Loveless, MADD National Communications Manager, at 469-420-4548 or Janie.loveless@madd.org, or leave a message at MADD’s National Office at 214-744-6233.
Categories: Uncategorized
WESTWOOD, Mass., Dec. 30 /PRNewswire-FirstCall/ — LoJack Corporation (Nasdaq: LOJN), the premier worldwide provider of tracking and recovery systems, announced today that Ronald V. Waters, President and Chief Executive Officer, will present at the 11th Annual Needham & Company, LLC Growth Stock Conference at The New York Palace Hotel in New York City on Wednesday, January 7, 2009 at 11:00 AM EST.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080512/NEM054LOGO )
LoJack will provide a live webcast of the Needham Conference presentation at http://www.wsw.com/webcast/needham27/lojn/. The webcast will also be archived and accessible through the investor relations page at www.lojack.com.
About LoJack
LoJack Corporation, the company that invented the stolen vehicle recovery market, leverages its superior technology, direct connection with law enforcement and proven processes to be the global leader in tracking and recovering valuable mobile assets. The company’s Stolen Vehicle Recovery System delivers a 90 percent success rate in tracking and recovering stolen cars and trucks and has helped recover more than $5 billion worldwide in stolen LoJack-equipped assets. The system is uniquely integrated into law enforcement agencies in the United States that use LoJack’s in-vehicle tracking equipment to recover stolen assets, including cars, trucks, commercial vehicles, construction equipment and motorcycles. Today, LoJack operates in 26 states and the District of Columbia, and in more than 30 countries throughout Europe, Africa, North America, South America and Asia.
From time to time, information provided by the company or statements made by its employees may contain “forward-looking” information, which involve risks and uncertainties. Any statements in this news release that are not statements of historical fact are forward-looking statements (including, but not limited to, statements concerning the characteristics and growth of the company’s market and customers, the company’s objectives and plans for future operations and products and the company’s expected liquidity and capital resources). Such forward-looking statements are based on a number of assumptions and involve a number of risks and uncertainties, and accordingly, actual results could differ materially. Factors that may cause such differences include, but are not limited to: the continued and future acceptance of the company’s products and services; the effectiveness of the company’s marketing initiatives; the rate of growth in the industries of the company’s customers; the presence of competitors with greater technical, marketing, and financial resources; the company’s ability to promptly and effectively respond to technological change to meet evolving customer needs; the extent of the company’s use of third party installers and distributors; capacity and supply constraints or difficulties; the company’s ability to successfully expand its operations and changes in general economic or geopolitical conditions. For a further discussion of these and other significant factors to consider in connection with forward-looking statements concerning the company, reference is made to the company’s Annual Report on Form 10-K for the year ended December 31, 2007.
The company undertakes no obligation to release publicly the result of any revision to the forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Paul McMahon
Senior Director,
Corporate Communications
(781) 251-4130
John Swanson
Swanson Communications, Inc.
(516) 671-8582
Categories: Uncategorized
BRIDGEVIEW, Ill., Dec. 30 /PRNewswire-FirstCall/ — Manitex International,
Inc. (Nasdaq: MNTX), a leading provider of engineered lifting solutions
including boom truck cranes, rough terrain forklifts and special mission
oriented vehicles, today announced the CE mark certification for its 40 and 50
ton boom truck cranes, opening the way for the distribution of these products
into central and eastern Europe. At the same time, the Company announced
availability of new value-added features that will be standard on its 50-ton
taxi cranes that will provide easier setup and better load management for the
sole operator. The jib-jack, offered as a standard value-added feature, will
lower operation and overhead costs for equipment operators and rental fleets
alike. Manitex has also added a “no-free-swing” option for the 50-ton product
specifically designed for oil field service and power grid applications.
Andrew Rooke, President and Chief Operating Officer of Manitex
International, commented, “The certification with the CE mark of our 40 and 50
ton cranes opens the European market to our distribution and provides
additional competitive support in markets where certification is preferred but
not mandatory. Direct marketing, as well as the identification of suitable
European dealers, has already commenced and we believe our cranes will provide
a competitive solution against European truck cranes traditionally used in
these territories. The announcement of enhancements to our 50 ton crane
expands the versatility of our products and effectively addresses the needs of
distributors and the equipments’ end-users in our marketplace. We want to help
our customers do business, and these features make it easier and more
profitable for them to operate our product, which will help their competitive
position particularly during this period of economic slowdown and uncertainty.
Standardizing these features strengthens our product lines and increases our
value as supplier to our dealers. We believe this also positions us to
increase our participation in the infrastructure build out initiatives that
are now being discussed as part of the proposed economic stimulus packages for
2009.”
About Manitex International, Inc.
Manitex International, Inc. is a leading provider of engineered lifting
solutions including cranes, rough terrain forklifts, indoor electric forklifts
and special mission oriented vehicles, including parts support. Our Manitex
subsidiary manufactures and markets a comprehensive line of boom trucks and
sign cranes through a national and international dealership network. Our boom
trucks and crane products are primarily used in industrial projects, energy
exploration and infrastructure development, including roads, bridges, and
commercial construction. Our Crane and Machinery division is a Chicago based
distributor of cranes including Terex truck and rough terrain cranes, Fuchs
material handlers and our own Manitex product line. Crane and Machinery
provides after market service in its local market as well as being a leading
distributor of OEM crane parts, supplying parts to customers throughout the
United States and internationally. Our Manitex Liftking subsidiary is provider
of material handling equipment including the Noble straight-mast rough terrain
forklift product line, Lowry high capacity cushion tired forklift and Schaeff
electric indoor forklifts as well as specialized carriers, heavy material
handling transporters and steel mill equipment. Manitex Liftking’s rough
terrain forklifts are used in both commercial and military applications.
Forward-Looking Statement
Safe Harbor Statement under the U.S. Private Securities Litigation Reform
Act of 1995: This release contains statements that are forward-looking in
nature which express the beliefs and expectations of management including
statements regarding the Company’s expected results of operations or
liquidity; statements concerning projections, predictions, expectations,
estimates or forecasts as to our business, financial and operational results
and future economic performance; and statements of management’s goals and
objectives and other similar expressions concerning matters that are not
historical facts. In some cases, you can identify forward-looking statements
by terminology such as “anticipate,” “estimate,” “plan,” “project,”
“continuing,” “ongoing,” “expect,” “we believe,” “we intend,” “may,” “will,”
“should,” “could,” and similar expressions. Such statements are based on
current plans, estimates and expectations and involve a number of known and
unknown risks, uncertainties and other factors that could cause the Company’s
future results, performance or achievements to differ significantly from the
results, performance or achievements expressed or implied by such
forward-looking statements. These factors and additional information are
discussed in the Company’s filings with the Securities and Exchange Commission
and statements in this release should be evaluated in light of these important
factors. Although we believe that these statements are based upon reasonable
assumptions, we cannot guarantee future results. Forward-looking statements
speak only as of the date on which they are made, and the Company undertakes
no obligation to update publicly or revise any forward-looking statement,
whether as a result of new information, future developments or otherwise.
Company Contact
Manitex International, Inc. Hayden IR
David Langevin Peter Seltzberg or Brett Maas
Chairman and Chief Executive Officer Investor Relations
(708) 237-2060 212-946-2849
djlangevin@manitexinternational.com peter@haydenir.com
Categories: Uncategorized
BOCA RATON, Fla., Dec. 30 /PRNewswire-FirstCall/ — DirectView Technology
Group, Inc. (OTCPK: DVWG), a Company focused on ownership and management of
leading technology companies, is pleased to announce that 2008 has been a year
of significant expansion and redirection. The recent acquisition of Homeland
Integrated Security Systems, Inc. by Mr. Roger Ralston and the Company’s
subsequent acquisition of DirectView Video Technologies Group, Inc. has
expanded the scope of operations for DirectView Technology Group.
The Company’s wholly owned subsidiary, DirectView Video Technologies,
Inc., provides high-quality video conferencing solutions and services that
enable its clients to conduct remote meetings by linking participants in
geographically dispersed locations. It also provides enabling technologies
such as multipoint video and audio conferencing, video conferencing over IP,
document conferencing and visual presentations. The Company provides products
and services and has served several blue chip clients such as Burger King,
Tropicana, Travelocity.com, BellSouth, the Trump Organization and the New York
City Police Department.
In 2008, Homeland Integrated Security Systems entered into a growing
number of vertical markets for its Cyber Tracker units. The Company received a
single initial purchase order, among others, in excess of $200,000 from one of
the world’s largest privately held security companies for up to 450 CT-410
security and data tracking units and accessories. The security company has a
large customer base of households located throughout the United States, Puerto
Rico and the Bahamas. The Company also filled an order for the Lake Shore
Central School District in Angola, New York for additional CT-150 units. These
low-cost solutions for standard GPS tracking applications are being used by
the school district to provide tracking and location data for new school buses
that were recently added to the fleet.
During the year, Homeland Integrated Security Systems expanded its
marketing opportunities for its Cyber Tracker units. The Company has been
added to the U.S. General Services Administration (GSA) schedule and is now
selling its products through the GSA and the GSA Advantage, an electronic
shopping and ordering system that allows GSA customers to buy direct from GSA
Schedule contractors online. The Company also became an approved vendor for
the U.S. Department of Homeland Security (DHS) and can now market its product
portfolio directly to the DHS.
Homeland Integrated Security Systems also launched a campaign to compete
in the stolen vehicle recovery market with global leader LoJack Corp. which is
traded on the Nasdaq Stock Exchange under the symbol “LOJN.” The Company has
unveiled new product comparison models to LoJack for its CT-150 and CT-450
vehicle recovery units. The comparison may be accessed directly at
http://www.hissusa.com/downloads/Product_Comparison_CT150-CT410-LoJack.pdf .
“This has been a landmark year for DirectView Technology Group and our
subsidiary companies. We’ve made several significant steps toward introducing
our Cyber Tracker products into the marketplace and we’ve expanded their focus
to compete in the stolen vehicle market as well. We anticipate remarkable
growth in 2009 for the Cyber Trackers and the video teleconferencing services
now offered by DirectView Technology Group,” stated Roger Ralston, CEO of
DirectView Technology Group, Inc.
To listen to the company’s recent teleconference visit
http://directviewtechnologies.com
About DirectView Technology Group, Inc.:
DirectView Technology Group, Inc. is a diversified holding company for a
conglomerate of video and technology companies that include the wholly-owned
subsidiaries DirectView Video Technologies, Inc. and Homeland Integrated
Security Systems, Inc. DirectView Video Technologies, Inc. is a full service
provider of video, audio, multipoint videoconferencing, data and IP
videoconferencing services to businesses and organizations worldwide.
Homeland Integrated Security Systems is a technology based that provides
solutions for asset recovery and tracking. The Cyber Tracker technology
product line has applications for data and tracking functions across a variety
of industries, utilizing CDMA, IDEN, and GSM technologies.
Statements contained in this news release, other than those identifying
historical facts, constitute “forward-looking statements” within the meaning
of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor
provisions as contained in the Private Securities Litigation Reform Act of
1995. Such forward-looking statements relating to the Company’s future
expectations, including but not limited to revenues and earnings, technology
efficacy, strategies and plans, are subject to safe harbors protection. Actual
Company results and performance may be materially different from any future
results, performance, strategies, plans, or achievements that may be expressed
or implied by any such forward-looking statements. The Company disclaims any
obligation to update or revise any forward-looking statements.
Contact:
DirectView Technology Group, Inc.
www.DirectViewTechnologies.com
888-704-8700
or
Investor Relations
1-866-THE-APPL(E)
Categories: Uncategorized
DETROIT, Dec. 30 /PRNewswire/ — Legendary American rock band, The Doobie
Brothers, will perform inside Cobo Arena at the 2009 North American
International Auto Show’s (NAIAS) annual black-tie Charity Preview gala on
Jan. 16. The band will entertain Charity Preview attendees at 9 p.m. in Cobo
Arena with doors opening at 8:30 p.m.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081110/CLM078LOGO )
“The Doobie Brothers performing at Charity Preview will make this truly a
night to remember for our guests,” said Joe Serra, senior co-chair of the 2009
NAIAS. “Adding a band like this with their history and caliber to the
evening’s festivities is a perfect fit for a fun night for Detroiters while
supporting 12 local children’s charities.”
Attendees must present their Charity Preview ticket stub at the entrance
to Cobo Arena to see the Doobie Brothers performance. Seating and standing
room will be available at the performance along with food and refreshments.
The Doobie Brothers have been a top concert attraction since the band
began in 1969 in San Jose, Calif. The group has many memorable hits including
“Black Water,” “Listen To The Music,” “Takin’ It To The Streets,” “Long Train
Runnin,” and “China Grove.”
Since its inception in 1976, Charity Preview has raised over $77 million
for children’s charities in metro Detroit, over $32 million of which was
raised in the last five years alone. Medical treatment, clothing and support
services for local kids in need all are made possible through the purchase of
Charity Preview tickets.
Tickets for the event are $400 each and can be purchased by calling
888.838.7500. Tickets can also be purchased online at www.charitypreview.com.
Beneficiaries of the Charity Preview include: Barat Child and Family
Services; Boys & Girls Club of Southeastern Michigan; Boys Hope Girls Hope of
Detroit; The Children’s Center; Judson Center; Children’s Services of
Northeastern Guidance Center Assistance League; The Detroit Institute for
Children; Think Detroit PAL; Easter Seals – Michigan; March of Dimes;
Children’s Hospital of Michigan; and the DADA Charitable Foundation Fund, a
fund of the Community Foundation for Southeast Michigan.
NAIAS 2009 Official Dates
- January 11 - 25 at Cobo Center in Detroit
- Press Preview will be held Sunday, Jan. 11 through Tuesday, Jan. 13
- Industry Preview will be held Wednesday, Jan. 14 and Thursday, Jan. 15
- The annual black-tie Charity Preview gala will be held Friday evening,
Jan. 16
- Public Days will be held Saturday, Jan. 17 through Sunday, Jan. 25
The North American International Auto Show
Rod Alberts - Executive Director
Entering its 21st year as an international event, the North American
International Auto Show is among the most prestigious auto shows in the world
and is one of the largest media events in North America. The NAIAS is the only
auto show in the United States to earn an annual distinguished sanction of the
Organisation Internationale des Constructeurs d’Automobiles, the Paris-based
alliance of automotive trade associations and manufacturers from around the
world. The NAIAS Web site can be accessed at www.naias.com. Don’t miss it for
the world!
Categories: Uncategorized
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