Tuesday, August 16, 2011
Increase of 69% in Q3 2011 Sales over Q2 2011 Reduces Operating Loss By 61% For the Same Periods
Howell, Michigan, August 17, 2011 - MWW Automotive Group (OTCBB: MWWC), a global design, engineering, and manufacturing firm serving some of the world's leading automotive and industrial manufacturers, announced today its financial results for the Third Quarter of fiscal 2011 ended June 30, 2011.
For the three months ending June 30, 2011, MWW reported net sales of $449,235, a decrease of $602,260 compared to $1,051,495 for the first quarter of fiscal 2010. This decrease was driven by the exceptional decline in industry sales during the period, caused mainly by the catastrophe in Japan resulting in no or only minimal available inventory of automobiles from Japanese manufacturers. This lack of inventory resulted in a temporary reduction in orders from the Company's major customers. The production and inventory problems had already reduced sales in the 2nd quarter 2011, but are expected to be overcome sometime during late August or September. Despite the continuing lack of inventory during the third quarter, the Company has increased sales by 69% to $449,235 in the third quarter of 2011, compared with $265,354 in the 2nd quarter of 2011.
Operating loss was reduced to 62% of revenue in the third quarter of 2011 compared with a 269% loss of revenue in the second quarter of 2011. This improvement was primarily attributable to the impact of the successful corporate-wide cost reduction exercises and streamlining of operations, although implementing significant expansions of the production lines at MWW's painting and assembly facility. The streamlining of these operations and the expectation of increasing production volume is expected to have a significant positive impact on revenues and profitability going forward. For further details please see the attached financial reports and our complete SEC filings at www.sec.gov, or through the SEC link on our website in the investor relations section.
Despite this temporary lack of inventory MWW has been able to increase its sales and reduce operating expenses as a percentage of revenue in the third quarter of 2011 compared to the second quarter 2011. MWW's new management team has made significant progress on the Company's path of recovery, with the main focus on streamlining and expanding the production facilities in its "Class A" painting facility in Baroda, Michigan, in anticipation of the imminent start of production for new automotive customers and several large industrial projects. MWW has expanded its customer base significantly by adding large global and domestic automotive manufacturers and has completed the negotiations for its entry into the industrial markets, details of which will be announced soon.
During the last two quarters, MWW has focused on stringent cost down exercises throughout the Company to compensate for the temporary decrease in revenue caused by the shortage of product deliveries from Japan. MWW's new management team has utilized this time to acquire new customers not only in the automotive industry, but also in the industrial sector, in order to reduce its vulnerability caused by dependence on one industry or customer (brand) concentration. As of now, the Company has commenced production on new contracts with automakers such as Hyundai, Nissan, Subaru, Chevrolet and Ford at its Class A painting facility. Productions with several new automobile manufacturers, Tier 1s and large industrial projects has either already begun or will commence soon.
Chuck Pinkerton, CEO of MWW states: "Despite a temporary downturn in sales in the entire automotive industry based on the lack of Japanese inventory, which began in the 2nd quarter of 2011, MWW has improved its sales and operational results during the third quarter of 2011 and the first phase of the strategic restructuring process, executed by our new management team has been concluded. MWW has improved scales of economy in production, while at the same time drastically increasing production capacity. Continuing to decrease operational expenses as a percentage of sales will positively impact revenue and profit in the quarters and years to come. As a result of these measures, the new automotive and industrial projects that we have secured and the associated anticipated sales growth, we expect our trend to profitability to continue strongly during 2012 and 2013. We feel confident that with the start of these new projects MWW will be able to achieve its projected goals and can strongly enhance shareholder value throughout 2011 and 2012."
About MWW Automotive Group
MWW Automotive Group is headquartered in Howell, Michigan, with a leading-edge technology 45,000 square foot "Class A" painting/assembly facility in Baroda, Michigan (Colortek), for the production and assembly of OE quality automotive and industrial products. MWW delivers its in-house designed accessory products and Class A painting and assembly services directly to major global automobile manufacturers'' Vehicle Processing Centers (VPCs) and Tier-1 Strategic Alliance Partners in the United States and Canada. MWW products are installed in a variety of vehicle types by the VPCs or Tier-1s at their facilities and then distributed into the dealer networks in North America. MWW's industrial and consumer products are delivered directly to the manufacturers for assembly in their facilities and distribution to their customers. Noted for its adherence to the highest quality requirements and its advanced logistics capabilities, MWW products consistently meet and exceed customers' expectations and requirements. MWW provides substantial added value to the sale of vehicles and industrial products for leading international automobile and industrial manufacturers such as Toyota, BMW, Hyundai, Kia Motors, GM, Ford, Deere, 21 Degrees and Whirlpool. For more information please e-mail firstname.lastname@example.org
Safe Harbor Statement: Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings.”
MWW Automotive Corp.
2212 Grand Commerce Drive
Howell, MI 48855
Tel: 1-517-540-0045, x43
Raw Talent Guitar sets a new price for their guitar learning software for September 1, 2011, an end to the introductory price. The company will keep free shipping in the 48 contiguous states and plans to move into stores for the 2011 holiday season.
Boca Raton, FL, August 17, 2011 - Today, Raw Talent, Inc., announced a new price of $209 for their revolutionary guitar learning software, Raw Talent Guitar, which features lessons for beginners, digital amp and FX, guitar playing tips and famous guitar songs ranging from easy to hard.
The new price is set to increase on their Web site on September 1, 2011, bringing an end to the introductory price of $199.
"We're making this announcement so that consumers looking to buy guitar learning software will have one last chance to purchase Raw Talent Guitar at the introductory price of $199,” said Marc Quadagno, Director of Media Relations for Raw Talent Guitar.
"Plus, we're giving out this coupon code for an additional $20 off," said Quadagno. "Customers can enter coupon code 'lastchance' to save and the promo code expires on September 1, 2011."
Last week, the company set the date to raise the price and announced their plans to move into music stores for the holiday season. The company is currently looking for new distribution channels to share their brand of guitar education and as part of their strategy the company will raise the price from $199 to $209 on September 1, 2011.
"Raw Talent Guitar is a great supplement to any lessons a guitar instructor might use, but also works as a standalone tool," said CEO Lawrence Fisher. "Now, following our appearance at Summer NAMM 2011, we plan to move into the guitar lessons review sections of music stores across the country."
Raw Talent Guitar has been on the market for six months with national advertising and continuous public relations campaigns, including appearances at CES 2011 in Las Vegas, SXSW 2011 in Austin and Summer NAMM 2011 in Nashville, and the company plans to end the year strong.
"When we launched at the Consumer Electronics Show in January, our product was only available online," said CEO Lawrence Fisher.
As part of their ongoing strategy to find a place on store shelves, Raw Talent Guitar does not expect this new price will affect sales from current online distribution channels on RawTalentGuitar.com or Amazon.com.
"We launched our product at the lowest price available and we promise to keep our product at the minimum amount," said CFO Scott Fisher. "We want our current price of $199 to remain our retail price as we expand, and a slight price increase of $209 online is necessary to grow our brand."
"Presence in stores simply means more exposure, and our Web promotions will continue to grow our brand," said Quadagno. "Whether you want to purchase at your local music store, or for those more prone to online purchases, we'll be there whenever you're ready to learn to play guitar."
Raw Talent, Inc., launched their flagship product, Raw Talent Guitar, at CES 2011 in Las Vegas and executives expect continued growth with an even higher sales rate through 2012.
About Raw Talent Guitar:
Raw Talent Guitar was founded in October 2008 by brothers Scott and Shaun Fisher after they realized limitations in learning to play an instrument with video instruction, which lack instant feedback or evaluations from an instructor. Many involved with the project are musicians by trade, and many professional musicians and guitar instructors were consulted to make Raw Talent Guitar as accurate as possible. The company mission is to be the worldwide leader in providing the most fun and accurate at-home training and evaluation tools for self-taught musicians and artists for use with their personal computers.
Raw Talent Guitar
7700 Congress Ave.
Boca Raton, FL 33487
Brac Systems Inc. (BAAC - OPEN MARKET - Frankfurt Stock Exchange) today announced the sale of a commercial greywater recycling system to the New Cassel Community Center, New York, U.S.A.
Montreal, Quebec, August 17, 2011 - Brac Systems Inc. (BAAC - OPEN MARKET - Frankfurt Stock Exchange) today announced the sale of a commercial greywater recycling system to the New Cassel Community Center, New York, U.S.A.
The New Cassel Community Center, currently under construction is located in North Hempstead, New York, one of the United States' first suburbs. The area is on the final stages of a $60 million revitalization project in which the new $24.5 million community center will be the neighbourhood's focal point. The Brac Systems Inc. commercial greywater recycling system will be installed in the new 50,000 square foot building which will incorporate two regulation size basketball courts, television studio, recording studio, stage for theatrical productions, Internet cafe, meeting rooms, social event hall, fitness center and administrative offices.
The community center, in planning for several years, has only recently become a reality and is expected to be complete in May 2012. A number of modifications to the greywater recycling system were required to meet the buildings specifications. "This is an interesting custom commercial system which will incorporate our greywater recycling duplex pump station integrated with the buildings own swallow well pumping system." said Emmanuel Brien, Technical Director of Brac Systems Inc. "It demonstrates the versatility of our systems and the possibilities they provide to be configured to suit a multitude of diverse project applications." continued Mr. Brien.
Brac Systems Inc. would like to express gratitude to Steven Schaeperkoetter, Senior Project Manager of Cameron Engineering & Associates., a strong advocate of water conservation, who was instrumental in acquiring approval for the installation of greywater recycling systems in the state of New York. The Brac Systems team and Mr. Schaeperkoetter have worked closely together to bring the various elements of this project to fruition. â€œSince the initial contact with Brac Systems over two years ago, the company have provided continued support for the community center development which has required adaptation of their greywater recycling system for integration into the buildingâ€™s design specifications.â€ explained Mr. Schaeperkoetter.
One of the major driving forces behind the design of the New Cassel Community Center was to increase energy efficiency of the building while reducing its overall environmental impact. The community center is expected to receive a Leadership in Energy Efficient Design (LEED) Platinum certification after construction is complete. The LEED certification is an important international benchmark for the design, construction and operation of high performance green buildings in which Brac Systems Inc.'s products are continually chosen. The New Cassel Community Center will be one of the first LEED Platinum rated community centers in North America and a significant achievement for all those involved.
The funding for this project has been the result of public and private sector cooperation in which Brac Systems Inc. reputation for supplying advanced greywater recycling systems is both recognized and respected as an environmentally responsible approach to water conservation.
For further information on the Metropolitan Center visit: http://downtownmetropolitancenter.com
This press release includes forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “anticipate”, “plan”, “foresee”, “believe” or “continue” or the negatives of these terms or variations thereon or similar terminology. By their nature, forward-looking statements require Brac Systems Inc to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause Brac Systems Inc’s actual results in future periods to differ materially from forecasted results. While Brac Systems Inc considers its assumptions to be reasonable and appropriate based on current information available, there is a risk that they may not be accurate.
Certain factors that could cause actual results to differ materially from those anticipated in the forward-looking statements include risks associated with general economic conditions, risks associated with Brac Systems Inc’s business environment, operational risks (such as regulatory risks and dependence on key personnel, risks associated with doing business with partners, risks involved with developing new products and services, warranty and casualty claim losses, legal risks from legal proceedings, risks relating to the Corporation’s dependence on certain key customers and key suppliers, risks resulting from fixed term commitments, human resource risk and environmental risk), financing risks (such as risks resulting from reliance on government support, risks relating to financing support provided on behalf of certain customers, risks relating to liquidity and access to capital markets, risks relating to the terms of certain restrictive debt covenants and market risks, including currency, interest rate and commodity pricing risk). The forward-looking statements set forth herein reflect Brac Systems Inc’s expectations as at the date hereof and are subject to change after such date. Unless otherwise required by applicable securities laws, Brac Systems Inc expressly disclaims any intention, and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise
Brac Systems Inc.
Toll Free : 1-866-494-2722
Brac Systems - Awarded Best New Product (Energy Efficient category) at Mecanex Climatex 2007 (Canada)
Named a Top Ten Green Building Product for 2007 by Sustainable Industries Journal (USA)
Awarded 1st Place for "Most Innovative New Product" at CIPHEX WEST 2008 (Canada)
Montreal, Quebec H4R 2J5
QuamTel, Inc. (OTCBB:QUMI) announces that its wholly owned subsidiary 800.com, a feature rich worldwide Toll-Free service provider available in 195 countries
Dallas, TX, August 16, 2011 - QuamTel, Inc. (OTCBB:QUMI) announces that its wholly owned subsidiary 800.com, a feature rich worldwide Toll-Free service provider available in 195 countries with features that allow global business access to customers worldwide, has signed a JVC with 800Commerce.com.
The Joint Venture will allow 800Commerce.com to substantially enhance their turnkey ecommerce solutions by integrating global communications, fax service, voicemail and auto attendant. In addition it will enable 800.com's business customers ecommerce needs such as mobile payments, merchant and web services. The agreement entered into by the companies will combine resources and business services presently offered by 800.com and 800Commerce.com and allow both portals to offer multiple business services to businesses domestically and internationally. Included Features:
* Toll-Free phone service to 195 countries
* No Monthly Service Fee, only pay for actual usage
* No Contract
* Fax Service w/ Fax to email and SMS notifications
* Voice Mail w/ Voice Mail to email and SMS notifications
* Auto Attendant w/ professional voice in over 25 plus languages
* Simultaneous, sequential and several other ring options
* Merchant processing, credit, loyalty and gift cards, ecommerce solutions and mobile payments
"With eCommerce and Online Retail sales projected to reach $197 billion in 2011, the opportunity for 800Commerce.com is vast and the JVC with 800.com will expand its value proposition to their current and new customers. The synergistic opportunities are immense," stated Stuart Ehrlich, CEO QuamTel, Inc.
With office in Dallas, Ft Lauderdale, India and China, 800.com delivers the highest quality Toll-Free service with unmatched features to consumers and businesses worldwide with the convenience of routing calls to any phone anywhere. We are committed to providing customers with quality solutions and superior customer service.
800.com is committed to exceeding customer expectations and offers our customers a 100% satisfaction guarantee. Our guarantee is backed by our parent company's 15 years in business, state-of-the-art network powered by products manufactured by Cisco systems, Phoenix Soft and Dell.
800.com is committed to constantly improving our products and services to better care for our customers' needs. We invite you to join over a million customers who have placed their trust in us to meet their needs. For More Info Visit: (www.800.com)
QuamTel, Inc., a fast growing provider of advanced mobile telecommunications technologies and services. www.QuamTel.com
800Commerce.com, a wholly owned subsidiary of MediSwipe Inc., provides merchant processing services, turnkey e-commerce solutions and mobile payment solutions to online businesses as well as brick and mortar based businesses. The company also provides website consulting, SEO marketing for all business regardless of size. For More Info Visit: (www.800Commerce.com)
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words 'anticipate,' 'estimate,' 'expect,' 'intend,' 'plans,' 'projects,' and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
14911 Quorum Drive
Dallas, TX 75254
Peace of Mind, Body & Soul provides seminars to Veterinary Technician and Massage Therapy students at the Minnesota School of Business on integrative wellness for animals so they are familiar with them as they enter the workforce.
St. Paul, MN, August 16, 2011 - The Minnesota School of Business has contracted with Peace of Mind, Body & Soul to educate their Veterinary Technician and Massage Therapy students on integrative wellness options for animals. They are giving two educational seminars focusing on animal massage, using essential oils with animals, Reiki and animal communication. The purpose is to provide basic knowledge and information to the students about these alternative care options for animals so they are familiar with them as they enter in the workforce in their own profession. The intention is not to have the students walk away from the seminars practicing any of the integrative wellness options but, they will have a good understanding of when these modalities should be used and what benefits they provide to the animals.
The administration at Minnesota School of Business recognizes there is a growing demand people have to help their animal companions in natural and un-invasive ways. They see it as an important aspect to tie into their student’s education because they want to provide them with the latest information about their industry and it is not something all schools take the initiative to do. The Minnesota School of Business sees it as an opportune time to start incorporating integrative wellness for animals it into their current curriculum. This will allow them to proactively work to make updates to their program. Even faculty and staff members outside of these programs have asked to listen in on the seminar as they too are interested in learning how to care for their animals in a natural way.
Educational seminars are a great way for Peace of Mind, Body & Soul to help connect with those in the animal community and teach them about a variety of modalities that can help their animals or their animal clients. The goal of Peace of Mind, Body & Soul is to provide the animal’s people with a variety of natural options so that together they can help animals have a healthier life. It is not a replacement western medicine, but considered an enhancement to it. Their philosophy and belief is that a combination of the two can be powerful and effective in preventing and managing the wellness of our animals.
About Peace of Mind, Body & Soul:
Peace of Mind, Body & Soul offers integrative wellness options for animals including equine (horse) massage, Reiki, animal communication, acupressure and aromatherapy using therapeutic-grade essential oils. They perform these services for your animal companions and also teach you how to incorporate many these modalities into your life through classes, clinics and demonstrations.
Peace of Mind, Body & Soul
Jenny Gott, owner/practitioner
Peace of Mind, Body & Soul
St. Paul, MN 55124