If you’re a producer of steel wire and related products, there’s no better place in the world to be than China, the single biggest consumer of steel and steel wire in the world. And, in China, one of the best places to be is Hebei province, one of the largest steel manufacturing regions in China and close to Beijing. Hebei has all of the infrastructure in place, along with close proximity to distributors and end users.
The city of Xingtai, in Hebei, is the site of Longhai Steel, Inc., now one of China’s leading producers of high-quality steel wire, with an annual capacity of 1.5 million metric tons. Longhai’s wire goes directly to nearby manufacturers, where it is converted into an expanding list of products for the country’s construction, automotive, and infrastructure industries, with all its sales delivered in China:
• Screws
• Nails
• Wire mesh for fencing and reinforced concrete
• Wire rope
• Steel belted radial tires
• Welding rod
Longhai’s advanced production equipment, process technology, and its close proximity to distributors and end users provides it a clear competitive advantage. The company recently opened a second production line, upping overall capacity by 67% and expanding its product portfolio. Longhai has acquired land adjacent to the two existing plants for the future addition of a third production facility.
Longhai’s growth strategy is multi-faceted, including organic growth through careful capacity expansion, adding new products, improving operational efficiencies, and remaining a technological leader. The company also expects to capitalize on government actions that encourage industry consolidation by acquiring neighboring producers at attractive valuations. In addition, the ongoing economic development in Hebei province, and neighboring areas, along with the further buildout of tier 3-6 cities in China, represents a tremendous medium and long term opportunity for Longhai Steel.
To learn more about the company, visit www.longhaisteelinc.com
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Tuesday, September 4, 2012
New Western Energy Corp. (NWTR) Upgrades Swenson #1 to Increase Capacity, Texas Regional Hydrocarbon Strategy Comes into Focus
New Western Energy has assembled an impressive acreage position across some of NA’s hottest hydrocarbon regions (including Kansas, Oklahoma, Pennsylvania, and Texas), constantly advancing the portfolio towards a larger and larger production envelope of oil, gas, and other minerals, and reported the start of a new drilling program down in Texas at their Swenson Lease today, geared primarily to expand on existing production.
President of NWTR, Javan Khazali, noted the one week window estimated to complete the workover program and hailed today’s announcement as another step towards realizing the full potential of the substantial acreage position built up in Texas by the company over the last year.
Swenson is a key part of a larger regional strategy by NWTR to secure a sizeable production platform in the Jones County area. The company’s adjacent Reves and McLellan leases, together with the Swenson, represent some 405-acres of prime territory in the heart of a region studded with productive wells, including the large Griffin Field (0.75 miles to the west) and the Iron Mountain/Avoca Pool Field (just 0.5 miles to the northeast), which have produced a combined 19.6M bbls to date.
The goal of the new work at Swenson will be to realize greater capacity in the Swenson #1 by deepening the well to 2,050 feet and running a treatment, thus increasing throughput from the pay zone. Since hitting the Swastika Sand target at Swenson back in the middle of 2011, the company has pulled roughly 2.6k bbls from the formation and the deeper Swenson #1 should amp up output nicely after work is completed.
We have a rich variety of formation targets accessible via the three leases, ranging from the Swastika Sand, to the Flippen Sand and Gunsight Lime, with formation depths of between 1k to 3k feet. In addition, we have the Moran Sand (sandstone channels) at 1.9-2k feet, Caddo Limestone at 3.6-3.8k feet, Mississippian Limestone at 3.8-3.9k feet, and Ellenberger at 4k-4.25k feet targeted by the company’s approximately 680-acre Moran Lease over in Shackelford County. Also in Shackelford is the roughly 580-acre Trice Lease, which has good footing for the King Sand formation at shallow depths of only 500-700 feet.
This data offers better context for today’s announcement and should clearly show investors NWTR’s hand, as the some 223.3k bbls in reserves (at 35% recovery on an estimated 744.8k bbls according to the independent geologist’s 2011 report) represented by the three Jones County leases is chief among the company’s Texas holdings and the ramped up drilling is part of an aggressive drive to maximize production in the region as a whole.
Khazali emphasized the potential of the sand and rock formations that fall within the purview of the company’s Texas Leases and assured shareholders that NWTR would take every step possible to generate mounting ROI via rigorous exploitation of the extremely favorable hydrocarbon characteristics in these formations. Activity in the workover program will be carried out by the company’s wholly-owned subsidiary Royal Texan Energy Co. and anticipation runs high at Swenson that recovery efforts will be significantly enhanced by this new activity.
For more information on New Western Energy Corp., visit: www.NewWesternEnergy.com
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President of NWTR, Javan Khazali, noted the one week window estimated to complete the workover program and hailed today’s announcement as another step towards realizing the full potential of the substantial acreage position built up in Texas by the company over the last year.
Swenson is a key part of a larger regional strategy by NWTR to secure a sizeable production platform in the Jones County area. The company’s adjacent Reves and McLellan leases, together with the Swenson, represent some 405-acres of prime territory in the heart of a region studded with productive wells, including the large Griffin Field (0.75 miles to the west) and the Iron Mountain/Avoca Pool Field (just 0.5 miles to the northeast), which have produced a combined 19.6M bbls to date.
The goal of the new work at Swenson will be to realize greater capacity in the Swenson #1 by deepening the well to 2,050 feet and running a treatment, thus increasing throughput from the pay zone. Since hitting the Swastika Sand target at Swenson back in the middle of 2011, the company has pulled roughly 2.6k bbls from the formation and the deeper Swenson #1 should amp up output nicely after work is completed.
We have a rich variety of formation targets accessible via the three leases, ranging from the Swastika Sand, to the Flippen Sand and Gunsight Lime, with formation depths of between 1k to 3k feet. In addition, we have the Moran Sand (sandstone channels) at 1.9-2k feet, Caddo Limestone at 3.6-3.8k feet, Mississippian Limestone at 3.8-3.9k feet, and Ellenberger at 4k-4.25k feet targeted by the company’s approximately 680-acre Moran Lease over in Shackelford County. Also in Shackelford is the roughly 580-acre Trice Lease, which has good footing for the King Sand formation at shallow depths of only 500-700 feet.
This data offers better context for today’s announcement and should clearly show investors NWTR’s hand, as the some 223.3k bbls in reserves (at 35% recovery on an estimated 744.8k bbls according to the independent geologist’s 2011 report) represented by the three Jones County leases is chief among the company’s Texas holdings and the ramped up drilling is part of an aggressive drive to maximize production in the region as a whole.
Khazali emphasized the potential of the sand and rock formations that fall within the purview of the company’s Texas Leases and assured shareholders that NWTR would take every step possible to generate mounting ROI via rigorous exploitation of the extremely favorable hydrocarbon characteristics in these formations. Activity in the workover program will be carried out by the company’s wholly-owned subsidiary Royal Texan Energy Co. and anticipation runs high at Swenson that recovery efforts will be significantly enhanced by this new activity.
For more information on New Western Energy Corp., visit: www.NewWesternEnergy.com
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ALR Technologies, Inc. (ALRT) Adds Board Members to Assist in Achieving Company Goals
ALR Technologies develops health information technology designed to improve compliance and adherence of care plans of diabetes patients in their homes. The company today announced Alfonso M. Salas, M.D. and Kenneth J. Robulak to its board of directors to assist the company in its mission to become a revenue-generating entity.
Dr. Salas is experienced in several facets of the medical industry, including consulting, managing clinical trials, disease management, and preventative services. Presently, he operates his own business consulting corporations on budgets, research, and medical services. He previously served as the medical director in the office of the Ministry of Social Security and Labor in Colombia and managed the Occupational Health department. Dr. Salas also was a consultant for El Prado Medical Clinic and private medical offices.
Robulak currently assists a Mexico-based company with its marketing in the United States through its office in Dallas. Robulak has worked in corporate and investment banking for 30 years and more recently worked as a consultant in the manufacturing industry.
ALR Technologies also announced that Jaroslav V. Tichy, PhD, has retired from his posts as the company’s vice president of Technology and board member. Dr. Tichy will continue to serve as a consultant to the company.
“We are very pleased with the additions of Dr. Salas and Mr. Robulak to our board of directors. Their deep knowledge in their respective industries of medical administration and finance will prove invaluable as we transition into a revenue-stage company,” Sidney Chan, chairman and CEO at ALR Technologies stated in the press release. “Dr. Tichy has been integral to the development of our company for many years. We wish him the best of luck in his retirement and thank him for his tireless commitment to bring our Health-e-Connect system and universal cable to fruition.”
For more information visit www.alrt.com
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Dr. Salas is experienced in several facets of the medical industry, including consulting, managing clinical trials, disease management, and preventative services. Presently, he operates his own business consulting corporations on budgets, research, and medical services. He previously served as the medical director in the office of the Ministry of Social Security and Labor in Colombia and managed the Occupational Health department. Dr. Salas also was a consultant for El Prado Medical Clinic and private medical offices.
Robulak currently assists a Mexico-based company with its marketing in the United States through its office in Dallas. Robulak has worked in corporate and investment banking for 30 years and more recently worked as a consultant in the manufacturing industry.
ALR Technologies also announced that Jaroslav V. Tichy, PhD, has retired from his posts as the company’s vice president of Technology and board member. Dr. Tichy will continue to serve as a consultant to the company.
“We are very pleased with the additions of Dr. Salas and Mr. Robulak to our board of directors. Their deep knowledge in their respective industries of medical administration and finance will prove invaluable as we transition into a revenue-stage company,” Sidney Chan, chairman and CEO at ALR Technologies stated in the press release. “Dr. Tichy has been integral to the development of our company for many years. We wish him the best of luck in his retirement and thank him for his tireless commitment to bring our Health-e-Connect system and universal cable to fruition.”
For more information visit www.alrt.com
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UTStarcom Holdings Corp. (UTSI) Completes Divestiture of IPTV Business
UTStarcom Holdings, a leading provider of broadband equipment and solutions, successfully closed the previously announced divestiture of its IPTV business. Along with the closing of the divestiture, Mr. William Wong has assumed the positions of UTStarcom’s Chief Executive Officer and director on the Board of Directors. In addition, Mr. Xiaoping Li, Lead Independent Director, has been elected as Chairman of the Board by the Directors of the company.
The decision to divest the IPTV business was announced in July 2012 as part of the Board’s plan to transition to higher growth and more profitable areas. The IPTV business is now a privately held, standalone company. As part of the requirements for discontinued operations, UTStarcom will continue to report results from the IPTV division separately as discontinued in the third quarter of 2012.
“The completion of this transaction is a significant milestone for UTStarcom,” said Mr. Xiaoping Li, Chairman of the Board. “It is an important step in streamlining the Company’s product portfolio in favor of a dynamic set of businesses. We are pleased to complete it according to the timeline we originally envisioned, and to move on to the next phase of the Company’s transformation.”
Mr. William Wong, stated, “I am honored and excited to lead UTStarcom through its business transformation and build a more growth oriented business. We have taken an important step in closing the IPTV divestiture, but it is only the first step. I look forward to working with the Board and management team to find new ways of providing value to our customers and generating returns for our shareholders.”
Mr. Wong brings more than 25 years of technology sector experience to the role as CEO. In previous roles, he served in many executive positions, including as Chief Executive Officer of Borqs International, which produces software platforms for mobile operators and chip manufacturers.
“We welcome Mr. Wong as UTStarcom’s new CEO,” added Mr. Li. “He has been instrumental in developing the strategic initiatives we have taken to date, and has demonstrated long-term thinking that will be invaluable in leading UTStarcom to new levels of success. Also, we thank Mr. Lu for his leadership and wish him every success in developing the IPTV business into a market leading technology and service provider.”
UTStarcom was founded in 1991 and listed on the NASDAQ in 2000. With a new management team in 2011, the company deployed a revamped growth strategy that concentrates on providing media operation support services. UTStarcom has its operational headquarters in Beijing, China, and research and development operations in China and India. UTStarcom is a leading provider of broadband equipment and solutions for cable and telecom operators. Products are sold to operators in both emerging and established telecommunications and cable markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks.
For more information about UTStarcom, visit the company’s web site at www.utstar.com
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The decision to divest the IPTV business was announced in July 2012 as part of the Board’s plan to transition to higher growth and more profitable areas. The IPTV business is now a privately held, standalone company. As part of the requirements for discontinued operations, UTStarcom will continue to report results from the IPTV division separately as discontinued in the third quarter of 2012.
“The completion of this transaction is a significant milestone for UTStarcom,” said Mr. Xiaoping Li, Chairman of the Board. “It is an important step in streamlining the Company’s product portfolio in favor of a dynamic set of businesses. We are pleased to complete it according to the timeline we originally envisioned, and to move on to the next phase of the Company’s transformation.”
Mr. William Wong, stated, “I am honored and excited to lead UTStarcom through its business transformation and build a more growth oriented business. We have taken an important step in closing the IPTV divestiture, but it is only the first step. I look forward to working with the Board and management team to find new ways of providing value to our customers and generating returns for our shareholders.”
Mr. Wong brings more than 25 years of technology sector experience to the role as CEO. In previous roles, he served in many executive positions, including as Chief Executive Officer of Borqs International, which produces software platforms for mobile operators and chip manufacturers.
“We welcome Mr. Wong as UTStarcom’s new CEO,” added Mr. Li. “He has been instrumental in developing the strategic initiatives we have taken to date, and has demonstrated long-term thinking that will be invaluable in leading UTStarcom to new levels of success. Also, we thank Mr. Lu for his leadership and wish him every success in developing the IPTV business into a market leading technology and service provider.”
UTStarcom was founded in 1991 and listed on the NASDAQ in 2000. With a new management team in 2011, the company deployed a revamped growth strategy that concentrates on providing media operation support services. UTStarcom has its operational headquarters in Beijing, China, and research and development operations in China and India. UTStarcom is a leading provider of broadband equipment and solutions for cable and telecom operators. Products are sold to operators in both emerging and established telecommunications and cable markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks.
For more information about UTStarcom, visit the company’s web site at www.utstar.com
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Integrated Electrical Services, Inc. (IESC) Announces Appointment of Interim General Counsel and Filling of New Vice President of Corporate...
Integrated Electrical Services, Inc. (IESC) Announces Appointment of Interim General Counsel and Filling of New Vice President of Corporate Development Position
Integrated Electrical Services, a leading infrastructure services company, announced several new corporate and divisional appointments recently.
Heather Sahrbeck has been named as interim general counsel. Ms. Sahrbeck began her time at Integrated Electrical Services as corporate counsel in May, and will continue her work at IES by assuming the general counsel and corporate secretary responsibilities from William L. Fiedler. Mr. Fiedler will be leaving the company at the end of the month, and IES has already started a search for a new general counsel.
Before accepting her position at IES, Ms. Sahrbeck was a vice president and associate general counsel at Goldman, Sachs & Co., and before that she specialized in securities offerings, mergers, and acquisitions for Davis Polk & Wardwell LLP. She received a B.A. from Duke University and her J.D. from Duke University School of Law.
In addition to Ms. Sahrbeck’s new position, IES announced that William A. Albright has joined the company as vice president of corporate development. In this newly created position, Mr. Albright will focus on the identification, analysis, and execution of strategic growth opportunities for IES. BB&T Capital Partners and Wachovia Securities previously employed Mr. Albright. He received a B.S. from Hampden-Sydney College and his MBA from Tuck School of Business at Dartmouth.
IES also recently added five experienced professionals in its Commercial & Industrial business to strengthen its business development, operations, and safety efforts.
For further information, please visit www.ies-co.com
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Integrated Electrical Services, a leading infrastructure services company, announced several new corporate and divisional appointments recently.
Heather Sahrbeck has been named as interim general counsel. Ms. Sahrbeck began her time at Integrated Electrical Services as corporate counsel in May, and will continue her work at IES by assuming the general counsel and corporate secretary responsibilities from William L. Fiedler. Mr. Fiedler will be leaving the company at the end of the month, and IES has already started a search for a new general counsel.
Before accepting her position at IES, Ms. Sahrbeck was a vice president and associate general counsel at Goldman, Sachs & Co., and before that she specialized in securities offerings, mergers, and acquisitions for Davis Polk & Wardwell LLP. She received a B.A. from Duke University and her J.D. from Duke University School of Law.
In addition to Ms. Sahrbeck’s new position, IES announced that William A. Albright has joined the company as vice president of corporate development. In this newly created position, Mr. Albright will focus on the identification, analysis, and execution of strategic growth opportunities for IES. BB&T Capital Partners and Wachovia Securities previously employed Mr. Albright. He received a B.S. from Hampden-Sydney College and his MBA from Tuck School of Business at Dartmouth.
IES also recently added five experienced professionals in its Commercial & Industrial business to strengthen its business development, operations, and safety efforts.
For further information, please visit www.ies-co.com
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County Line Energy Corp. (CYLC) Spammed Aggressively
We have observed an influx of emails spamming County Line Energy. Investors should be wary of these emails, as they are completely anonymous and violate the CAN-SPAM Act established by the FTC. As of this time, the company has not provided a public comment on the issue.
Stocks to avoid, due diligence, monitoring investments, key terms in investing and other related topics are covered by us in our Market Basics section. Here we give answers to basic questions regarding stock investments for both new and experienced investors. To view our Market Basics page, visit www.basics.qualitystocks.net
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Stocks to avoid, due diligence, monitoring investments, key terms in investing and other related topics are covered by us in our Market Basics section. Here we give answers to basic questions regarding stock investments for both new and experienced investors. To view our Market Basics page, visit www.basics.qualitystocks.net
About QualityStocks
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Loans4Less.com, Inc. (LFLS) Engages QualityStocks Investor Relations Services
Loans4Less.com just announced that they have agreed with QualityStocks to be featured in The Small Cap QualityStocks Daily Newsletter, QualityStocks Daily Blogs, and Message Boards. QualityStocks, based in Scottsdale, Arizona, is a free service that collates data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts.
Loans4Less.com is an online mortgage broker which matches qualified individuals seeking mortgage loans with suitable lenders who offer the company a competitive wholesale lending program. Maintaining an A+ TrustLink rating with the Better Business Bureau, the company provides competitive rates, terms, costs, daily updates, extensive market information, and trusted first-class service to the public.
Loans4Less.com is not exposed to the risks and/or problems that are associated with sub-prime lending. Having never defaulting on an obligation or been involved in any litigation, the company is poised for rapid growth in today’s low interest rate environment with its industry leading reputation and well established relationships with respected national lenders.
Steven M. Hershman, Chairman & CEO of Loans4Less.com, Inc., commented, “LFLS has a unique and solid business foundation, and appreciates the opportunity to sponsor the QualityStocks Newsletter, Blogs and Message Boards. QualityStocks is providing a much needed service in the micro-cap and small-cap markets.”
For additional information, visit the company’s website at www.Loans4Less.com
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Loans4Less.com is an online mortgage broker which matches qualified individuals seeking mortgage loans with suitable lenders who offer the company a competitive wholesale lending program. Maintaining an A+ TrustLink rating with the Better Business Bureau, the company provides competitive rates, terms, costs, daily updates, extensive market information, and trusted first-class service to the public.
Loans4Less.com is not exposed to the risks and/or problems that are associated with sub-prime lending. Having never defaulting on an obligation or been involved in any litigation, the company is poised for rapid growth in today’s low interest rate environment with its industry leading reputation and well established relationships with respected national lenders.
Steven M. Hershman, Chairman & CEO of Loans4Less.com, Inc., commented, “LFLS has a unique and solid business foundation, and appreciates the opportunity to sponsor the QualityStocks Newsletter, Blogs and Message Boards. QualityStocks is providing a much needed service in the micro-cap and small-cap markets.”
For additional information, visit the company’s website at www.Loans4Less.com
About QualityStocks
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