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PBGC-Negotiated Agreement Secures Pension Funding As Ampex Corp. Enters Chapter 11
WASHINGTON, March 31, 2008 - Pension plans for 5,000 workers and retirees at Ampex Corp. will be ongoing in spite of the company's March 30 chapter 11 filing, under an agreement negotiated by the Pension Benefit Guaranty Corp. (PBGC), Ampex and Hillside Capital Corp.
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Tape Recorders, CD stuff, things that hold the sound for a while
Ampex ATR-102 1/2" Stereo Recorder with: ....Flux Magnetics 1/2" heads ....Ampex original 1/4" heads Ampex ATR-700 1/4" Stereo Recorder Otari MTR-90III 2" 24-track with: ....CB-147 remote ....CB-120 autolocator ....
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BRIEF-Ampex says emerges from bankruptcy - Zibb.com
, Oct 04, 2008 (Reuters via COMTEX) --
* Ampex consummates plan of reorganization
* Ampex says emerges from bankruptcy as a going concern
* Ampex says has received $5 million of new funding from Hillside capital
incorporated
Varghese Joseph vj
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Tags: bankruptcy
Companies: Ampex Corp. (AMPXQ)
BUYINS.NET: AMPXQ, PCNTF, TOLWF Have Also Been Removed From Naked Short List Today - Zibb.com
Sep 30, 2008 (M2 PRESSWIRE via COMTEX) --
BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Ampex Corp. (OTC: AMPXQ), Pacific Internet Ltd. (OTC: PCNTF), Trican Well Service, Ltd. (OTC: TOLWF). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.
Ampex Corp. (OTC: AMPXQ) together with its subsidiaries, engages in the development and licensing of visual information technology products. The company operates in two segments, Recorders and Licensing. The Recorders segment primarily engages in the sale and service of data acquisition and instrumentation recorders that record data and images rather than computer information; and mass data storage products consisting of 19-millimeter scanning recorders and robotic library systems, as well as related tape and after-market parts. The Licensing segment involves in the licensing of its intellectual property to manufacturers of consumer digital video products. Ampex Corporation also holds patents and patent applications covering digital image-processing, data compression, and recording technologies. In addition, it develops and incorporates technology in the design and manufacture of instrumentation recorders primarily for use in defense applications to gather digital images and other data from aircraft, satellites, and submarines, as well as for in flight and sensor test applications. The company distributes its products directly through its internal sales force, as well as through independent value-added resellers. Ampex Corporation sells its products and services in the United States, Europe, Africa, the Middle East, and Japan. Ampex Corporation was founded in 1944 and is headquartered in Redwood City, California. On March 30, 2008, Ampex Corp., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York. With 3.90 million shares outstanding and 160,500 shares declared short as of September 2008, there is no longer a failure to deliver in shares of AMPXQ. According to quarterly data provided by the SEC, there were still 94,566 shares of AMPXQ that were failing-to-deliver as of May 21, 2008.
Pacific Internet Ltd. (OTC: PCNTF) operates as a telco-neutral Internet communications service provider in Singapore, Hong Kong, the Philippines, Australia, India, Thailand, and Malaysia. It offers various Internet access and Internet services to consumers and corporate customers. The company's Internet access services and products include Wireless broadband @ work, which offers flexibility and mobility within the office environment; Wireless broadband @ home that provides services in the home environment; consumer broadband and corporate broadband; leased line access, which carries data traffic at a speed from 64Kbps up to 2Mbps Internet connection; integrated services digital network access; and dial-up access. It also offers VAS/IP services, as well as voice and video, email outsourcing, Web hosting, Internet data center, Internet backup, load balancing, anti-spam mail guard, antivirus mail guard, managed security, managed virtual private network, and international roaming services. In addition, Pacific Internet provides travel services under the brand Safe2Travel' for corporate customers in Singapore. Safe2Travel provides a range of services, including air ticketing, hotel reservation, car rental booking, corporate incentive travel, trade mission travel, and other travel arrangements and services. Further, it offers PacNet @irPower service, an enterprise-grade wireless service. The company was founded in 1995. It was formerly known as Sembawang Media Pte, Ltd. and changed its name to Pacific Internet Pte, Ltd. in 1998. Further, the name was changed to Pacific Internet Limited. The company is headquartered in Singapore, Singapore. As of January 8, 2008, Pacific Internet Ltd. (OTCPK: PCNT.F) operates as a subsidiary of Pacnet. With 13.84 million shares outstanding and 400 shares declared short as of September 2008, there is no longer a failure to deliver in shares of PCNTF. According to quarterly data provided by the SEC, there were still 98,291 shares of PCNTF that were failing-to-deliver as of June 15, 2006.
Trican Well Service, Ltd. (OTC: TOLWF) an oilfield services company, provides a range of products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in western Canada, Russia, Kazakhstan, the United States, and Algeria. The company operates in two divisions, Well Service and Production Services. The Well Service division offers deep coiled tubing; nitrogen; fracturing, including coalbed methane fracturing; cementing services; and geological services, which are performed on new and producing oil and gas wells. The Production Services division provides acidizing, intermediate depth coiled tubing, and industrial services, which are used in the stimulation and reworking of existing oil and gas wells. Its industrial services primarily include industrial cleaning, such as chemical cleaning, mechanical cleaning, CO2 Blasting, pressure testing, leak detection, tank cleaning, nitrogen purging and displacement, valve sealing and isolation, process drying, and delayed coker drum cutting; and pipeline services, such as nitrogen purging and displacement, hydrostatic testing, liquid and gaseous pumping services, pipeline drying, pipeline corrosion inhibitor application, pig tracking, pipeline blowdown, filtering, and valve sealing and isolation. Trican Well Service, Ltd. was founded in 1979 and is headquartered in Calgary, Canada. With 122.5 million shares outstanding and 4.45 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of TOLWF. According to quarterly data provided by the SEC, there were still 219,400 shares of TOLWF that were failing-to-deliver as of June 26, 2007.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted, www.buyins.net/squeezetrigger.pdf. The SqueezeTrigger database of nearly 2,150,000,000 short sale transactions goes back to January 1, 2005, and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005, because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money.
All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET may receive compensation in cash or shares from independent third parties or from the companies mentioned.
BUYINS.NET affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Thomas Ronk.
BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and BUYINS.NET undertakes no obligation to update such statements.
CONTACT: Thomas Ronk, CEO, BUYINS.NET Tel: +1 800 715 9999 e-mail: Tom@buyins.net WWW: http://www.buyins.net
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
Tags: advisor africa aircraft algeria amex annual report australia bandwidth bankruptcy broker calgary canada car rental ceo communications computer consumer corporate data storage dealer defense email e-mail environment europe hong kong hosting hotel india industrial information technology integrated services digital network internet investment japan kazakhstan library malaysia manufacturer market media money nasdaq nyse oil and gas oilfield otc patent pipeline products profit property russia sales securities security singapore technology telco thailand trade travel travel services video web wireless
Companies: Ampex Corp. (AMPXQ), Pacific Internet Ltd. (PCNTF), Trican Well Service Ltd (TOLWF)
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