ZAGG: ZAGG's invisibleSHIELD(TM) is the Top Selling Accessory for the Apple iPhone 3G
Company Revolutionizes Gadget Protection with Military-Grade Film
Aug 26, 2008 12:23:00 PM
Copyright Business Wire 2008
SALT LAKE CITY--(BUSINESS WIRE)--
ZAGG Inc. (OTCBB: ZAGG), leading producer of patented transparent protective film coverings and accessories for mobile electronics, announced today that the company's flagship product, the invisibleSHIELD, is now the top selling accessory for the Apple iPhone 3G. The invisibleSHIELD is made of an ultra-thin material originally used by the military to protect the leading edge of helicopter blades, and now comes custom cut to SHIELD today's hottest gadgets.
Shortly after Apple announced the sale of its 1,000,000th second generation iPhone, ZAGG had sold over 100,000 invisibleSHIELDs for the iPhone 3G, covering a staggering 10 percent of the devices and placing ZAGG atop the crowded iPhone accessory market. The announcement comes on the heels of the company's second quarter earnings report, which boasted a nearly 250% increase in year-over-year sales.
"The invisibleSHIELD has sparked a revolution in the way people think about their gadget protection," says Robert Pedersen II, CEO of ZAGG Inc. "According to our research, the invisibleSHIELD is the top selling accessory for the iPhone 3G, and with good reason. As the first virtually invisible 'case' to protect for life, it truly is a must-have accessory for the iPhone, as well as other electronics. The invisibleSHIELD isn't just a screen protector on steroids, but a full-body wrap, protecting the whole device. As sales of the iPhone 3G continue to skyrocket, sales for the invisibleSHIELD have grown stronger as well."
Recent numbers show that Apple plans to build up to 45 million new iPhones in the 12 months through August 2009. And according to New York-based ABI Research, handset accessory sales are expected to top $40 billion in 2008. The explosion of this relatively new market was aided in no small part by the ubiquitous iPhone. While enjoying the benefits the iPhone 3G has invited, ZAGG will continue to be the first to provide precision designed and cut protective invisibleSHIELDs for new models from other innovative manufacturers such as LG, Samsung, Palm and BlackBerry, who are counting on the success of their own smartphones to challenge Apple's dominance in the market. A major shift in the industry toward touch-screen capabilities makes the need for ZAGG's invisibleSHIELD brand of protection all the more urgent. Traditional cases either cannot protect these screens without hindering usability, or they are made of a cheap disposable film that easily scratches. This is not the case with the invisibleSHIELD.
"We won't rest until our revolutionary brand of protection is the top accessory for all mobile electronics," says Pedersen. "We protect thousands of different devices, without concealing their intended design, and we guarantee that protection for life. That's the kind of accessory everyone should know about."
CVIC: Cavico and Bao Loc Plant's Investor Agreed to $2.8 Mil Adjustment for Bao Loc Hydropower Project
Aug 26, 2008 9:09:00 AM
Copyright Business Wire 2008
ANGELES & HANOI, Vietnam--(BUSINESS WIRE)--
Cavico Corp. ("Cavico" or "the Company") (OTC BB: CVIC), a leading infrastructure development company in Vietnam, today announced that Cavico Tunnel, the Company's wholly owned subsidiary, has signed an amendment with Bao Loc Hydropower Company to receive an additional amount of $2.8 million towards cost adjustment due to high inflation and for the additional construction work at the Bao Loc hydropower project.
In 2005 Cavico entered into a $2.1 million contract with VGR Bao Loc to construct headrace tunnel, inclined penstock tunnel, vertical shaft surge tank, and addit tunnel at the Bao Loc, 48 MW project. During the course of the construction, the investor of Bao Loc plant contracted Cavico to manage the concrete work and other additional construction work. The $2.8 million reimbursement includes $0.6 million cost adjustment towards increased fuel cost and construction materials due to the high inflation and $2.2 million for the additional concrete and other work. Cavico expects to receive an initial payment of approximately $0.7 million and the remaining amount will be paid upon handing over the project to Bao Loc Company at the end of 2008. The cost adjustment and the additional work have boosted the total value of the Bao Loc Hydropower project to $4.9 million, an increase of 130%.
At present, Cavico is in advanced stage of negotiation and discussion with investors and owners of other projects for receiving adjustments towards increased fuel cost and construction materials due to inflation.
"We are very pleased with the cooperation from the investor of Bao Loc hydropower plant. They made necessary adjustments which enable us to complete the project as per the planned schedule," commented Mr. Phuc Minh Pham, president of Cavico Tunnel. "Our goal is to complete the tunnel concrete work ahead of its schedule. We believe in exceeding the expectations of our customers. We expect the reimbursement will both improve our revenue and profitability from this project," added Mr. Pham.
FRHV: Fresh Harvest Products, Inc. Announces Receipt of New CUSIP Number Following Its Forward Split Announcement
Aug 26, 2008 8:31:00 AM
NEW YORK, Aug. 26 /PRNewswire-FirstCall/ -- Fresh Harvest Products, Inc. (OTC Bulletin Board: FRHV) announced today that it is moving ahead with the forward split of its common stock. The Company has applied for and received a new CUSIP number which will be released as the effective date for the Forward Split draws near.
The net effect is that each shareholder of record on the effective date will tender their shares so that they can be exchanged for new shares which will include a 10% increase from the shares originally tendered. Fresh Harvest intends to complete this process as quickly as possible.
SDRG: Silver Dragon Updates Progress At Liangdi Silver-Lead-Zinc Polymetallic Exploration Project
Aug 26, 2008 8:00:00 AM
2008 GlobeNewswire, Inc.
BEIJING, Aug. 26, 2008 (GLOBE NEWSWIRE) -- Silver Dragon Resources Inc. (OTCBB:SDRG) is pleased to announce further progress of the ongoing comprehensive exploration program at Liangdi Silver-Lead-Zinc polymetallic project. The tunneling project PD1 has further revealed the extensions of mineralized bodies No.4, No.5, No.6, No.7 and No.8 (see Figure 1). In particular, the length of the indicated part of mineralized body No.6 is now 120 meters, and that of No.7 is 80 meters. The grades of mineralized body No.6 are up to 663g/t Ag, 15.63% Pb and 18.38% Zn (see sample LH220 in Table 1). The horizontal thicknesses of the mineralized bodies are mostly between 2 and 3.6 meters.