investor relations
3/6/2008 - Stockwire.com: Speak with other shareholders about: (OTCBB: DVLY), (OTCBB: EDIG), (OTCBB: CRGO)
AUSTIN, TX, Mar 06, 2008 (M2 PRESSWIRE via COMTEX)
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Deer Valley Corporation (OTCBB: DVLY)
Deer Valley Corporation closed at $1.00 Wednesday, trading 56,860 shares.
Company News- March 6, 2008: Deer Valley Corporation Announces New Value Oriented Product Line
Deer Valley Corporation ("Deer Valley" or the "Company") (OTCBB: DVLY) announced earlier today the launch of a new manufactured housing product line designed to meet the needs of lower income buyers. The more affordable Copper Ridge homes will retain much of the high quality "feel" of Deer Valley's heavy built signature series, but it will appeal to entry-level buyers or purchasers with limited financial resources. The Copper Ridge homes will provide a higher level of construction integrity and feature greater amenities that are typically found in homes sold at the more moderate price levels. The new line will include homes ranging from 900 to 2,280 square foot.
"The fourth quarter results the Company announced yesterday far exceeded many of our peers in the industry. These results clearly demonstrate that we can build and deliver affordable homes that are highly attractive to consumers and governmental agencies, regardless of the economic uncertainties which are challenging our industry," said Charles G. Masters, the Company's CEO. "This new product line will allow us to reach a new market segment while continuing to deliver the quality for which we are known." The Copper Ridge homes will be sold primarily through independent manufactured housing dealers throughout the south central United States. Preference for handling the product line is being given to those dealers who currently handle the premium Deer Valley products. The Copper Ridge homes will be featured by the Company at the South Central Manufactured Housing Trade Show to be held later this month in Tunica, Mississippi.
Internally, the sale of the Copper Ridge line will be handled by a newly assembled team of Sales Representatives dedicated solely to marketing the new product line. Chet Murphree, Vice-President of Sales, said, "We are glad to welcome three new additions to this new Copper Ridge sales team: Scott Tyra, Rusty Banister and Mike Davis. They have been joined by Jan Wiginton from the existing Deer Valley sales team. Each member of this team is individually well known and well respected in the manufacturing housing community. We believe that the Copper Ridge product in the hands of this highly regarded team will create a new industry force, and once again Deer Valley will change the market in the south central region of the United States!"
About Deer Valley
Deer Valley is a growth-oriented manufactured home builder with headquarters in Tampa, Florida and operations in Guin and Sulligent, Alabama. The Company is dedicated to offering high quality homes that are delivered with a sense of warmth, friendliness, and personal pride. The Company is relatively young, but the management team has over 250 years of combined industry experience from various backgrounds including general management, production, sales, customer service, and finance. All of the Company's plants are operating on a five days per week, single shift schedule. The Company has no idle facilities.
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e.Digital Corporation (OTCBB: EDIG)
e.Digital Corporation closed at $0.126 Wednesday, trading 273,794 shares.
Company News- March 6, 2008: e.Digital Files Patent Infringement Lawsuits Against Avid Electronics, Casio America, LG Electronics USA, Nikon, Olympus America, Samsung Electronics America and Sanyo North America
e.Digital Corporation (OTCBB: EDIG), a leading innovator of patented flash memory-related technology and dedicated portable inflight entertainment (IFE) systems announced earlier today that it has filed patent infringement lawsuits against Avid Electronics, Casio America, LG Electronics USA, Nikon, Olympus America, Samsung Electronics America, and Sanyo North America in the United States District Court for the Eastern District of Texas. Last September, e.Digital filed a similar suit against Vivitar, a wholly-owned subsidiary of Syntax-Brillian. In its complaint e.Digital asserts that products made by the listed companies infringe four of the Company's U.S. patents covering the use of flash memory technology. These patents are part of e.Digital's Flash-R patent portfolio. The accused products range from digital cameras and camcorders to voice recorders and mobile phones.
"e.Digital's pioneering inventions in the use and utilization of flash memory in portable electronics products and technologies are embodied in our Flash-R patent portfolio," said William Blakeley, president of e.Digital Corporation. "We consider our intellectual property essential to many current consumer electronics products and of growing importance as the use of flash memory proliferates in these devices." "e.Digital has innovated and productized several new technologies since 1988 including the genesis of today's Jabra telephony products, the first portable recorder to utilize flash memory, the first portable music device to incorporate voice recognition and multi-Codec/DRM support, and the first dedicated portable inflight entertainment system," added Blakeley. "We consider our intellectual property valuable company assets and we are committed to protecting and enforcing them."
About e.Digital Corporation
e.Digital is a leading innovator of dedicated portable inflight entertainment systems. More than 30 airlines have made dedicated portable systems powered by e.Digital technology their inflight entertainment choice. e.Digital also owns and is pursuing the monetization of its Flash-R portfolio of flash memory-related patents though Duane Morris LLP, one of the largest 100 law firms in the world. e.Digital was the first company to devise, employ and patent important aspects of the use of removable flash memory in portable recording products. For more information about e.Digital and eVU, please visit: www.edigital.com.
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Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO)
Cargo Connection Logistics Holding, Inc. closed at $0.0007 Wednesday, trading 50,113,998 shares.
Company News- March 6, 2008: Cargo Connection Logistics Holding, Inc. Renegotiates Georgia Facility Lease
Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO | news | PowerRating | PR Charts ) announced earlier today that its Cargo Connection Logistics Corp. subsidiary successfully renegotiated its lease with LIT/Hodges Industrial Trust for its 27,520 sq. ft. Atlanta facility. As a result of the negotiations, the Company extended its current lease, which runs through June 30, 2008, for ten years. In addition, it has successfully lowered its monthly rental payments effective immediately.
"As part of our continuing efforts to improve the Company's financial condition, we have negotiated a very favorable agreement with LIT/Hodges Industrial and look forward to continuing our relationship with them," said Jesse Dobrinsky, CEO of Cargo Connection Logistics Holding, Inc.
"By agreeing to this ten-year lease extension, the Company is committed to the Atlanta marketplace and will continue to operate in its current facility without disruption," said Christopher Madden, Cargo Connection Logistics Corp.'s director of operations. "Our Atlanta hub has become a valuable part of our Company and we are seeking to expand operations and services offered to our customers from this facility."
About Cargo Connection Logistics Holding, Inc.
The Company, through its subsidiaries Cargo Connection Logistics Corp. and Cargo Connection Logistics - International, Inc., is a leader in world trade logistics. The Company headquarters is in Inwood, NY, and it also has offices in Atlanta, GA; Charlotte, NC; Chicago, IL; Columbus, OH; Miami, FL; New York, NY; and Pittsburgh, PA.
Headquartered adjacent to JFK International Airport, the Company is a transportation logistics provider for shipments imported into and exported out of the United States, with service areas throughout the United States and North America. The Company currently provides a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. It also operates a bonded General Order warehouse in New York and Container Freight Station operations, which are specifically designed to handle internationally arriving freight for major retail suppliers through its facilities in Florida, Georgia, Illinois, New York and Ohio.
Cargo Connection Logistics' website is www.cargocon.com.
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