MISSISSAUGA, ONTARIO--(Marketwire - Nov. 11, 2009) - MTI Global Inc. (TSX: MTI) today announced that the third quarter results news release and conference call and webcast in respect of the third quarter ended September 30, 2009 will be delayed.
The delay is due to a significantly greater amount of time than anticipated being required to consolidate the financial information from its international operations.
As a result of this delay, MTI Global will disseminate and file the third quarter financial statements and related MD&A after market close on Friday, November 13th, 2009 and will hold the conference call Monday, November 16, 2009 at 11:00 am EST.
About MTI Global:
MTI Global Inc. (TSX: MTI) designs, develops and manufactures custom-engineered products using silicone and other cellular materials. The Company serves a variety of specialty markets focused on two main areas: Silicone and MTI Polyfab, comprising, Aerospace and Fabricated Products. The Company designs and fabricates energy management systems from a variety of flexible, cellular materials. MTI Global also produces and distributes specialty silicone elastomer products. MTI Global's primary markets are aerospace and mass transit. Secondary markets include sporting goods, automotive, industrial, institutional, and electronics. MTI Global's head office and Canadian manufacturing operations are located in Mississauga, Ontario, with international manufacturing operations located in Bremen, Germany, Milton, Florida and a contract manufacturer venture in Ensenada, Mexico. The Company also maintains engineering support centres in Brazil and Toulouse, France. The Company's website is www.mtiglobalinc.com.
The foregoing press release contains forward-looking information within the meaning of applicable securities laws, including statements relating to the Company's plans to provide further disclosure. Terms and phrases such as "will", "continues" and "intends" are intended to identify forward-looking information. These statements and information are derived from MTI Global's current expectations and assumptions including the current status of its third quarter financial statements and the remaining information that must be obtained and reconciled in order to finalize such financial statements and related MD&A. Although MTI Global believes that the expectations and assumptions reflected in any forward-looking information are reasonable, the events predicted in these statements may differ materially from actual results or events, many risks, uncertainties and other factors could cause events to differ from current expectations, including delays in obtaining and reconciling the remaining information. Consequently, these factors should be considered carefully and readers should not place undue reliance on MTI Global's forward-looking information. MTI Global disclaims any intention or obligation to update or revise any forward-looking information, except as required by applicable law.
FOR FURTHER INFORMATION PLEASE CONTACT:
MTI Global Inc.
Bill Neill
Chief Executive Officer
(905) 564-9700
www.mtiglobalinc.com
Fleishman-Hillard Canada
Alison Ford
Investor Relations
(416) 214-0701
Source: MTI Global Inc.
MISSISSAUGA, ONTARIO -- (MARKET WIRE) -- 11/11/09 -- MTI Global Inc. (TSX: MTI) today announced that the third quarter results news release and conference call and webcast in respect of the third quarter ended September 30, 2009 will be delayed.
The delay is due to a significantly greater amount of time than anticipated being required to consolidate the financial information from its international operations.
As a result of this delay, MTI Global will disseminate and file the third quarter financial statements and related MD&A after market close on Friday, November 13th, 2009 and will hold the conference call Monday, November 16, 2009 at 11:00 am EST.
About MTI Global:
MTI Global Inc. (TSX: MTI) designs, develops and manufactures custom-engineered products using silicone and other cellular materials. The Company serves a variety of specialty markets focused on two main areas: Silicone and MTI Polyfab, comprising, Aerospace and Fabricated Products. The Company designs and fabricates energy management systems from a variety of flexible, cellular materials. MTI Global also produces and distributes specialty silicone elastomer products. MTI Global's primary markets are aerospace and mass transit. Secondary markets include sporting goods, automotive, industrial, institutional, and electronics. MTI Global's head office and Canadian manufacturing operations are located in Mississauga, Ontario, with international manufacturing operations located in Bremen, Germany, Milton, Florida and a contract manufacturer venture in Ensenada, Mexico. The Company also maintains engineering support centres in Brazil and Toulouse, France. The Company's website is www.mtiglobalinc.com.
The foregoing press release contains forward-looking information within the meaning of applicable securities laws, including statements relating to the Company's plans to provide further disclosure. Terms and phrases such as "will", "continues" and "intends" are intended to identify forward-looking information. These statements and information are derived from MTI Global's current expectations and assumptions including the current status of its third quarter financial statements and the remaining information that must be obtained and reconciled in order to finalize such financial statements and related MD&A. Although MTI Global believes that the expectations and assumptions reflected in any forward-looking information are reasonable, the events predicted in these statements may differ materially from actual results or events, many risks, uncertainties and other factors could cause events to differ from current expectations, including delays in obtaining and reconciling the remaining information. Consequently, these factors should be considered carefully and readers should not place undue reliance on MTI Global's forward-looking information. MTI Global disclaims any intention or obligation to update or revise any forward-looking information, except as required by applicable law.
Contacts: MTI Global Inc. Bill Neill Chief Executive Officer (905) 564-9700 www.mtiglobalinc.com Fleishman-Hillard Canada Alison Ford Investor Relations (416) 214-0701
HAIKOU, China, Nov. 11 /PRNewswire-Asia/ -- Hainan Airline Group ("HNA Group") today announced the signing of a Memorandum of Cooperation with a commercial delegation from the State of Hawaii on November 9. Under the agreement, HNA Group will launch a service between Beijing and Hawaii, the first such service between a city on the Chinese mainland and Hawaii to be offered by a Chinese airline. Hainan Governor Luo Baoming, Hawaii Governor Linda Lingle and HNA Group Chairman Chen Feng attended the signing ceremony.
(Photo: http://www.newscom.com/cgi-bin/prnh/20091111/CNW063 )
The signing ceremony of the Memorandum of Cooperation is only a part of a series of signing ceremonies between the two groups. Prior to the signing ceremony, some officials from Hainan Province led by Governor Luo Baoming met with the delegation headed by Hawaii Governor Linda Lingle. Mr Luo gives a brief synopsis of the development history of Hainan province and said that the airline serves as a bridge between the island and the rest of the world, paving the way for similar such cooperative efforts. Linda Lingle spoke of the success of the Hainan-based airline. The opening of the Beijing-Hawaii route is very meaningful to the cooperation between Hawaii and Hainan Airlines.
During the meeting with the Hawaii delegation, Chen Feng, Chairman of HNA Group, traced the history of Hainan Airlines in his introductory speech and articulated his high expectations for the cooperation between the two entities. The governor expressed her appreciation for the hospitality shown them by the carrier and said the State of Hawaii expects a further deepening of the cooperation with Hainan Airlines. In addition, the state of Hawaii declared November 9, 2009, 'Hainan Airlines Day' and awarded the Certificate of Honor to the airline.
The direct route between Beijing and Hawaii launched by HNA Group is expected to significantly shorten flight time between the two cities, and further enhance tourism between China and the United States. In addition, the cooperation will play a role in developing an international tourism market for Hainan province and in implementing its strategy to establish Hainan as an ''International Tourism Island.''
Over forty people were in attendance at the ceremony, including Hainan Governor Luo Baoming, Vice Governor Li Guoliang, Gubernatorial Assistant and Director of Hainan Provincial Tourism Bureau Lu Zhiyuan, Deputy Secretary-General Feng Ming, the Development and Reform Commission deputy director Ye Zhanghe, Foreign Affairs Overseas Chinese Affairs Office deputy director Liu Jin, Hainan Provincial Commerce Department deputy director Wang Keqiang, Xie Yuan, Director of the Division of American and Oceanic Affairs at the Chinese People's Association for Friendship with Foreign Countries, Hawaii Governor Linda Lingle, HNA Group Chairman Chen Feng, Hainan Airlines Vice President Chen Ming, and representatives from the Hainan Province Industry and Information Technology Bureau, the Chinese People's Association for Friendship and the State of Hawaii, as well as members of the news media.
SOURCE Hainan Airline Group
ROANOKE, Va., Nov. 11 /PRNewswire-FirstCall/ -- Optical Cable Corporation (Nasdaq GM: OCCF) ("OCC") today announced that SMP Data Communications, also known as Superior Modular Products Incorporated and a wholly owned subsidiary of OCC, has been merged into OCC -- creating one company named Optical Cable Corporation.
OCC acquired SMP Data Communications on May 30, 2008. The acquisition brought together a leading designer, innovator and manufacturer of fiber optic cable and an internationally respected innovator in copper and fiber optic connectivity products, enabling OCC to offer integrated fiber optic and copper data communications cabling and connectivity solutions to customers.
OCC has been consolidating product offerings of both companies since August 2009 and now offers its comprehensive line of fiber optic and copper datacom cabling, connectivity, and related accessories under one brand -- Optical Cable Corporation, or simply OCC. The merger announced today is consistent with OCC's one-brand strategy, as well as OCC's continued integration of the functional teams of the two companies.
"OCC's acquisition of SMP Data Communications in 2008 brought together the products, innovation and technologies to meet the needs of our customers, and the transaction was a key step toward making our long-term strategic vision for OCC a reality," said Neil Wilkin, President and Chief Executive Officer of Optical Cable Corporation.
"OCC, now under a single brand, is a one-stop provider of fiber optic and copper cabling and connectivity products to the enterprise market, offering an integrated suite of high quality cabling and connectivity solutions to our customers," said Michael Newman, Vice President of International Sales and Global Marketing.
The merger of SMP Data Communications into Optical Cable Corporation was effective on October 31, 2009, by filings in the State of Delaware and the Commonwealth of Virginia.
About Optical Cable Corporation
Optical Cable Corporation is a leading manufacturer of a broad range of fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market, offering an integrated suite of high quality, warranted products which operate as a system solution or seamlessly integrate with other providers' offerings. OCC's product offerings include designs for uses ranging from commercial, enterprise network, datacenter, residential and campus installations to customized products for specialty applications and harsh environments, including military, industrial, mining and broadcast applications. OCC products include fiber optic and copper cabling, fiber optic and copper connectors, specialty fiber optic and copper connectors, fiber optic and copper patch cords, racks, cabinets, datacom enclosures, patch panels, face plates, multi-media boxes, and other cable and connectivity management accessories, and are designed to meet the most demanding needs of end-users, delivering a high degree of reliability and outstanding performance characteristics.
OCC is internationally recognized for pioneering the design and production of fiber optic cables for the most demanding military field applications, as well as of fiber optic cables suitable for both indoor and outdoor use, and creating a broad product offering built on the evolution of these fundamental technologies. OCC also is internationally recognized for its role in establishing copper connectivity data communications standards, through its innovative and patented technologies.
Founded in 1983, OCC is headquartered in Roanoke, Virginia with offices and manufacturing and warehouse facilities located both in Roanoke, Virginia and near Asheville, North Carolina. OCC primarily manufactures its high quality fiber optic cables at its ISO 9001:2008 registered and MIL-STD-790F certified facility located in Roanoke, Virginia and its high quality commercial connectivity products at its ISO 9001:2000 registered facility located near Asheville, North Carolina.
Further information about OCC is available on the Internet at www.occfiber.com.
Optical Cable Corporation, OCC, Superior Modular Products, SMP Data Communications, and the associated logos are trademarks of Optical Cable Corporation.
FORWARD-LOOKING INFORMATION
This news release by Optical Cable Corporation and its subsidiaries (collectively, the "Company" or "OCC") may contain certain forward-looking information within the meaning of the federal securities laws. The forward-looking information may include, among other information, (i) statements concerning the Company's outlook for the future, (ii) statements of belief, anticipation or expectation, (iii) future plans, strategies or anticipated events, and (iv) similar information and statements concerning matters that are not historical facts. Such forwardlooking information is subject to variables, uncertainties, contingencies and risks that may cause actual events to differ materially from the Company's expectations. Additionally, such variables, uncertainties, contingencies and risks may adversely affect the Company and the Company's future results of operation and future financial condition. Factors that could cause or contribute to such differences from the Company's expectations or could adversely affect the Company, include, but are not limited to: the level of sales to key customers, including distributors; timing of certain projects and purchases by key customers; the economic conditions affecting network service providers; corporate and/or government spending on information technology; actions by competitors; fluctuations in the price of raw materials (including optical fiber, copper, gold and other precious metals, and plastics and other materials affected by petroleum product pricing); fluctuations in transportation costs; the Company's dependence on customized equipment for the manufacture of its products and a limited number of production facilities; the Company's ability to protect its proprietary manufacturing technology; the Company's ability to replace royalty income as existing patented and licensed products expire by developing and licensing new products; market conditions influencing prices or pricing; the Company's dependence on a limited number of suppliers; the loss of or conflict with one or more key suppliers or customers; an adverse outcome in litigation, claims and other actions, and potential litigation, claims and other actions against the Company; an adverse outcome in regulatory reviews and audits and potential regulatory reviews and audits; adverse changes in state tax laws and/or positions taken by state taxing authorities affecting the Company; technological changes and introductions of new competing products; changes in end-user preferences for competing technologies, relative to the Company's product offering; economic conditions that affect the telecommunications sector, certain technology sectors or the economy as a whole; changes in demand of our products from certain competitors for which we provide private label connectivity products; terrorist attacks or acts of war, and any current or potential future military conflicts; changes in the level of military spending by the United States government; ability to retain key personnel; inability to recruit needed personnel; poor labor relations; the inability to successfully integrate the operations of the Company's new subsidiaries; the impact of changes in accounting policies, including those by the Securities and Exchange Commission and the Public Company Accounting Oversight Board; the Company's ability to continue to successfully comply with, and the cost of compliance with, the provisions of Section 404 of the Sarbanes-Oxley Act of 2002 or any revisions to that act which apply to the Company; the impact of changes and potential changes in federal laws and regulations adversely affecting our business and/or which result in increases in our direct and indirect costs as we comply with such laws and regulations; impact of future consolidation among competitors and/or among customers adversely affecting the Company's position with its customers and/or its market position; actions by customers adversely affecting the Company in reaction to the expansion of its product offering in any manner, including, but not limited to, by offering products that compete with its customers, and/or by entering into alliances with, making investments in or with, and/or acquiring parties that compete with and/or have conflicts with customers of the Company; impact of weather or natural disasters in the areas of the world in which the Company operates and markets its products; economic downturns and/or changes in market demand, exchange rates, productivity, or market and economic conditions in the areas of the world in which the Company operates and markets its products, and the Company's success in managing the risks involved in the foregoing. The Company cautions readers that the foregoing list of important factors is not exclusive and the Company incorporates by reference those factors included in current reports on Form 8K, in the annual report on Form 10K for the fiscal year ended October 31, 2008, and/or in the Company's other filings.
AT THE COMPANY:
Neil Wilkin Tracy Smith
President & CEO Senior Vice President & CFO
(540) 265-0690 (540) 265-0690
investorrelations@occfiber.com investorrelations@occfiber.com
Bill Reynolds Michael Newman
Senior Vice President of Sales-USA Vice President of International
(540) 265-0690 Sales and Global Marketing
sales@occfiber.com (540) 265-0690
sales@occfiber.com
AT JOELE FRANK, WILKINSON BRIMMER KATCHER:
Andrew Siegel Aaron Palash
(212) 355-4449 ext. 127 (212) 355-4449 ext. 103
asiegel@joelefrank.com apalash@joelefrank.com
SOURCE Optical Cable Corporation
LAS VEGAS, Nov. 11, 2009 (GLOBE NEWSWIRE) -- Players Network (OTCBB: PNTV), the leading Digital Television and Internet Media Network dedicated to Las Vegas Entertainment and the Gaming Lifestyle, announced today a distribution deal with Amazon to sell gaming DVDs to Amazon's 50 million plus unique user customer base.
The distribution deal with Amazon is part of Players Network's 2010 strategy to expand their audience base with increased brand awareness. By tapping into the direct-to-DVD market, Players Network hopes to reach consumers not yet in the new media space, and create a brand loyalty that can cross over into television and web through promotional efforts to be revealed in the first quarter of 2010.
As Amazon's sales are verifiable, Players Network sees Amazon's reporting as another tool for measurability of audience preferences. Other Players Network genres, such as Las Vegas shows and attractions, are expected to be marketed through Amazon in early 2010.
About Players Network
Players Network is a Digital Media Company that focuses on the Las Vegas and Gaming Lifestyles, producing and distributing original content for its own VOD Channels on television in over 23,000,000 homes over Comcast, DirecTV, AT&T, Verizon and Dish Network and its own Broadband Network, Hulu, Blinkx, Google, YouTube and Yahoo Video, for DVD Home Video, mobile platforms, and through worldwide television syndication. Players Network has a 12-year history of providing consumers with quality Gaming and Las Vegas Lifestyle content, as well as strategic partnership services in Las Vegas, Atlantic City, and throughout the worldwide gaming industry. For more information go to www.playersnetwork.info
The Players Network logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6398
Statement under the Private Securities Litigation Reform Act: With the exception of the historical information contained in this Release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to: the ability of the Company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow, the ability to obtain orders for or install its products, the ability to obtain new customers and the ability to continue to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements.
CONTACT: Players Network
Jenna Bodnar, Business Affairs Consultant &
Independent Producer
702.734.3457
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