INDIANA, Pa., Dec. 1 /PRNewswire-FirstCall/ -- Superior Well Services, Inc. (Nasdaq: SWSI) today announced that Jacob Linaberger and Rhys Reese each adopted stock trading plans in accordance with guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934 and SWSI's policies regarding stock transactions.
Rule 10b5-1 permits the implementation of a written plan for selling common stock at a time when insiders are not in possession of material non-public information and allows them to sell shares on a periodic basis and in a non-discretionary manner, regardless of whether they are in possession of material non-public information at the time the sales occur.
Messrs. Linaberger and Reese are two of the three co-founders of SWSI and serve as SWSI's President, and Executive Vice President, Chief Operating Officer and Secretary, respectively.
As part of their long-term strategies for individual asset diversification and liquidity, these stock trading plans (each of which are effective in December 2009) were adopted in order to allow Messrs. Linaberger and Reese to sell a portion of their SWSI stock over time. The transactions under these plans will be disclosed publicly through Form 4 and Form 144 filings with the Securities and Exchange Commission.
As part of their long-term strategies for individual asset diversification and liquidity, these stock trading plans (each of which are effective in December 2009) were adopted in order to allow Messrs. Linaberger and Reese to sell a portion of their SWSI stock over time. The transactions under these plans will be disclosed publicly through Form 4 and Form 144 filings with the Securities and Exchange Commission.
Collectively, Messrs. Linaberger and Reese currently hold approximately 2.1 million shares of common stock, which represents approximately 6.8% of SWSI's outstanding common stock. Under the terms of these stock trading plans, and as a part of an eighteen-month diversification plan, Messrs. Linaberger and Reese each intend to sell approximately 270,000 shares. If they complete all planned sales under these trading plans, Messrs. Linaberger and Reese will retain approximately 74.8% and 73.8% of their current holdings of SWSI stock, respectively. If Messrs. Linaberger and Reese complete all the planned sales under their respective trading plans, they would continue collectively to own approximately 1.6 million shares, which would represent approximately 5.1% of SWSI's outstanding common stock.
For more information about Superior Well Services, Inc. (Nasdaq: SWSI) please visit www.swsi.com. Financial and other information about us is routinely posted on and accessible at www.swsi.com.
Except for historical information, statements made in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by us based on our management's experience and perception of historical trends, current conditions, expected future developments and other factors our management believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, which may cause our actual results to differ materially from those implied or expressed by the forward-looking statements. These risks include, but are not limited to: a sustained or further decrease in domestic spending by the oil and natural gas exploration and production industry; a continued decline in or substantial volatility of crude oil and natural gas commodity prices; current weakness in the credit and capital markets and lack of credit availability; overcapacity and competition in our industry; our inability to comply with the financial and other covenants in our debt agreements as a result of reduced revenues and financial performance; unanticipated costs, delays or other difficulties in executing our growth strategy, including difficulties associated with the integration of the Diamondback asset acquisition; the loss of one or more significant customers; the loss of or interruption in operations of one or more key suppliers; the incurrence of significant costs and liabilities in the future resulting from our failure to comply with new or existing environmental regulations or an accidental release of hazardous substances into the environment; and other factors detailed in our SEC filings. We undertake no obligation to publicly update or revise any forward-looking statements. Further information on risks and uncertainties is available in our filings with the SEC.
SOURCE Superior Well Services, Inc.
RICHMOND, Va., Dec. 1 /PRNewswire-USNewswire/ -- Massey Energy announced today it is making a financial contribution to Americans for Prosperity, an organization committed to educating citizens about economic policy and mobilizing those citizens as advocates in the public policy process.
"Massey Energy is proud to support Americans for Prosperity and the important role they play in educating Americans about economic policy," said Massey Energy Chairman and CEO Don Blankenship. "Americans for Prosperity is playing an important role in the fight against cap-and-trade legislation and other policies that will hurt American workers and drive jobs overseas."
On Labor Day 2009, Massey Energy co-sponsored the largest rally and concert in the nation to speak up for American workers. Nearly 75,000 people attended the Labor Day rally in Logan County, West Virginia. Today's donation to Americans for Prosperity is a continuation of the work Massey is doing on behalf of the people of Appalachia to protect jobs and the American way of life.
SOURCE Massey Energy
LOS ANGELES, Dec. 1 /PRNewswire-FirstCall/ --
-- The all-new Ford Fiesta makes its debut on national television with an
"explosive" entrance on ABC's Jimmy Kimmel Live!
-- Since its kickoff in May, the Fiesta Movement has resulted in more than
80,000 hand-raisers
-- Ford's first global car sets a new world standard in the segment when it
arrives at dealerships this summer
-- Further strengthening Ford's car lineup, Fiesta delivers style,
technology, fuel economy, craftsmanship and top performance in the
segment
The high-octane energy surrounding the debut of Ford's all-new 2011 Ford Fiesta continues tonight on Jimmy Kimmel Live! when Fiesta "explodes" onto the popular ABC television late-night comedy show. The Fiesta will make its debut in one of Jimmy Kimmel's signature skits.
"Fiesta was designed to be expressive, fun and unique," said Connie Fontaine, Ford brand alliances and content manager. "Being revealed on national television by Jimmy Kimmel is the perfect way for North America to catch their first glimpse of the Fiesta."
"At Jimmy Kimmel Live!, we love innovations and big ideas, so when our partner, Ford, came to us and said that they wanted to work with us on a big idea to introduce the Fiesta to America, it was music to our ears," said Douglas DeLuca, co-executive producer. "We pride ourselves on providing content solutions for partners who believe in what we can deliver creatively."
For the past six months, 100 young trendsetters have been test driving and living with the European version of Fiesta in the United States. They have been traveling as "Fiesta agents" on special missions, creating and posting online content about their experiences and their impressions of the car, resulting in more than 80,000 hand-raisers.
This Fiesta Movement has lifted social media to a new level, with agents traveling more than 1.4 million miles, generating more than 6 million YouTube views, nearly 740,000 Flickr views and more than 3.7 million Twitter impressions.
The Fiesta Movement will culminate in an awards celebration, expected to be the world's largest corporate tweetup, honoring the agents beginning at 8 p.m. EST tonight at the Palladium Ballroom in Hollywood, on the eve of the 2009 Los Angeles Auto Show.
Fiesta sales success
Fiesta is continuing its sales momentum as Europe's No. 2-selling car and Ford of Europe's top-selling vehicle, helping increase Ford's share in Europe's main 19 markets. More than 500,000 Fiestas have been sold since the car was launched last autumn. In Europe, the Fiesta name has long been synonymous with outstanding drive quality, design and value. It's winning enthusiastic media reviews in Asia. Now, the all-new Fiesta offers North American consumers a stylish, fuel-efficient alternative.
About Ford Motor Company
Ford Motor Company (NYSE: F), a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 200,000 employees and about 90 plants worldwide, the company's automotive brands include Ford, Lincoln, Mercury and Volvo. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford's products, please visit www.ford.com.
About Jimmy Kimmel Live!
Packed with hilarious comedy bits and a house band led by Jimmy's childhood best friend, "Jimmy Kimmel Live" features a diverse lineup of guests that includes celebrities, athletes, musicians, comedians and humorous human interest subjects. Each night, Jimmy delivers up-to-the-minute news addressing the hottest topics of the day in his monologue. Jimmy Kimmel and Jill Leiderman serve as executive producers and Jason Schrift and Douglas DeLuca serve as co-executive producers. Emmy Award-winning "Jimmy Kimmel Live" is shot live in front of a studio audience and produced by Jackhole Industries in association with ABC Studios. For more go to www.jimmykimmellive.net.
SOURCE Ford Motor Company
SAN FRANCISCO, Dec. 1 /PRNewswire/ -- The GSMA, which represents the interests of the worldwide mobile communications industry, today announced the winners of this year's Mobile Innovation Grand Prix - Americas Tournament, which was contested today at Rutberg & Company's Future:Mobile event in San Francisco. The GSMA partnered with Rutberg & Company to host the Americas leg of the competition at Future:Mobile 2009 to showcase mobile innovation in front of 200 invited senior executives who are responsible for innovation assessment and adoption, strategic partnerships, investments, and acquisitions within their organisations.
The GSMA's Mobile Innovation Grand Prix competition showcases promising entrepreneurs from small and medium-sized companies bringing innovative new products, services and applications to market. During this year's Americas leg, presentations from 10 innovator nominees were reviewed by a judging panel comprised of senior executives from mobile operators and venture capital firms. Two overall winners were announced today in San Francisco and will now go on to compete for the Mobile Innovation Grand Prix title, part of the GSMA's Global Mobile Awards, at the Mobile World Congress in Barcelona in 2010.
The winners of the Mobile Innovation Grand Prix - Americas Tournament are:
-- Ubidyne, Germany
-- WellDoc, US
"We commend the enthusiasm and commitment shown by all the finalists at this year's Mobile Innovation Grand Prix - Americas Tournament," said Bill Gajda, Chief Commercial Officer at the GSMA. "Driven by an impressive entrepreneurial spirit and a desire for technical excellence, it's clear that there are some outstanding opportunities ahead for these highly innovative companies who have proved they have what it takes to succeed in the mobile world. Our congratulations to the winners and our thanks to all those who participated."
"This year's Mobile Innovation Grand Prix - Americas Tournament provided the judges with an extremely difficult task in choosing two overall winners from a superb crop of finalists," said the judging panel. "Ubidyne's solution is the next generation technology for network infrastructure, while WellDoc's solution is the next generation in self health monitoring, and both will add tremendous value to the mobile industry. Our congratulations to the winners and we wish them every success for the future."
The Platinum sponsor of the Mobile Innovation Grand Prix competition is the Generalitat de Catalunya. For more information on the GSMA's Mobile Innovation Grand Prix competition and Mobile Innovation programme, please visit: www.mobileinnovation.org.
About the GSMA
The GSMA represents the interests of the worldwide mobile communications industry. Spanning 219 countries, the GSMA unites nearly 800 of the world's mobile operators, as well as more than 200 companies in the broader mobile ecosystem, including handset makers, software companies, equipment providers, Internet companies, and media and entertainment organisations. The GSMA is focused on innovating, incubating and creating new opportunities for its membership, all with the end goal of driving the growth of the mobile communications industry.
For more information, please visit Mobile World Live, the new online portal for the mobile communications industry, at www.mobileworldlive.com or the GSMA corporate website at www.gsmworld.com.
SOURCE GSMA
eBay Heat Map Animates 2.4 Million Black Friday and Cyber Monday Transactions Across the Country
SAN JOSE, Calif.--(BUSINESS WIRE)-- From Zhu Zhu Pets to a rare recording by The Dead Weather, eBay delivered great deals to holiday shoppers on Cyber Monday, outpacing Black Friday in total transactions by 35 percent. On both Cyber Monday and Black Friday, shoppers did their most searching on eBay between 8:00 p.m. and 9:00 p.m. EST, suggesting that consumers may be window shopping during the day and finding the best deals online from the convenience of their homes.
For the first time, eBay is visualizing 2.4 million Black Friday and Cyber Monday transactions made across the country in two "heat maps." The interactive maps display activity from buyers and sellers over the 24-hour periods of Black Friday and Cyber Monday. Zoom down to a single ZIP code - from Prairie Grove, AR to Brooklyn, NY - to see the range of transactions on eBay throughout the U.S.
"With 200 million live listings, eBay offers incredible deals this holiday season on virtually anything anyone may want under their tree," said Lorrie Norrington, President, eBay Marketplaces. "Compared to Black Friday, the strong increase in transactions on Cyber Monday suggests savvy shoppers know that the best deals this season are on eBay."
Zhu Zhu mania, a vintage yacht and the rare recording for that special someone
Approximately 30,000 Zhu Zhu Pets and related items were sold on eBay on Black Friday and Cyber Monday combined. Shoppers are also heading to eBay to indulge in luxurious gifts at remarkable prices. Big ticket Black Friday and Cyber Monday items purchased on eBay.com included a vintage Irwin Yacht, which sold for $5,000, and a 2006 Mercedes-Benz SLR McLaren purchased for approximately $200,000. Holiday shoppers also turned to eBay for unique gifts that aren't available in stores: a rare recording from The Dead Weather topped $2,000 and an original recording by J.D. Bryant on Shrine Records label sold for over $10,000.
Gift trends and top-searched items on eBay on Black Friday and Cyber Monday:
-- The toy hamster sweeping the nation: Zhu Zhu Pets continued to be the
top searched item on eBay from the start of Thanksgiving week through to
Black Friday and Cyber Monday.
-- Gifts for Gamers:With hot titles like "Call of Duty: Modern Warfare 2"
and "New Super Mario Bros." ranking among top selling items at the start
of Thanksgiving week, shoppers chose their preferred consoles on Black
Friday and Cyber Monday. The top searched gaming consoles on those two
days were:
o Xbox 360
o Nintendo Wii
o Nintendo DS
-- Top Designer Brands:Thevintage looks and posh styles on your wish list
are on eBay for less. Top searched brands on Black Friday and Cyber
Monday were:
o Coach
o Gucci
o Ralph Lauren
Prairie Grove, AR shoppers find the best deals; a Charleston, SC shopper gets an early start
Prairie Grove, AR, with a population of just 2,540, bought more items on eBay than any other U.S. ZIP code on Cyber Monday. Cyber Monday's first transaction, at 12:00 a.m. sharp, was between a buyer in Charleston, SC, and a seller in Boca Raton, FL.
Communities that made the most purchases on eBay
Black Friday: Cyber Monday: -- Santa Clara, CA (ZIP 95054) Prairie Grove, AR (ZIP 72753) -- Miami, FL (ZIP 33166) Miami, FL (ZIP 33166) -- Alpharetta, GA (ZIP 30022) Alpharetta, GA (ZIP 30022) -- Martinez, CA (ZIP 94553) Santa Clara, CA (ZIP 95054) -- Prairie Grove, AR (ZIP 72753) Martinez, CA (ZIP 94553)
Communities that made the most sales on eBay
Black Friday: Cyber Monday: -- El Monte, CA (ZIP 91732) El Monte, CA (ZIP 91732) -- Aliso Viejo, CA (ZIP 92656) Aliso Viejo, CA (ZIP 92656) -- Matthews, NC (ZIP 28104) Brooklyn, NY (ZIP 11214) -- Walnut, CA (ZIP 91789) Matthews, NC (ZIP 28104) -- Brooklyn, NY (ZIP 11214) Walnut, CA (ZIP 91789)
See eBay's Black Friday and Cyber Monday transaction heat maps at www.ebayholiday.com/black-friday and www.ebayholiday.com/cyber-monday.
Visit www.ebayholiday.com to find out more about holiday trends and deals.
About eBay
Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ: EBAY) connects hundreds of millions of buyers and sellers globally on a daily basis through eBay, the world's largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments. We also reach millions through specialized marketplaces such as StubHub, the world's largest ticket marketplace, and eBay Classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and our global portfolio of online brands, visit www.ebayinc.com.
Source: eBay Inc.
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