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Tuesday's Tidalwaves!!! $$$$ - (NASDAQ: FUEL) SMF Energy Corp., (Nasdaq: MYL) Mylan, Inc., (NASDAQ: ORBT) Orbit International Corp., (NASDAQ: SIRI) Sirius XM Radio, Inc., (PINKSHEETS: NVSR) NavStar Technologies, Inc.
(M2 PressWIRE Via Acquire Media NewsEdge) STOCK MARKETING INC PRESENTS :: (NASDAQ: FUEL) SMF Energy Corp., (Nasdaq: MYL) Mylan, Inc., (NASDAQ: ORBT) Orbit International Corp., (NASDAQ: SIRI) Sirius XM Radio, Inc., (PINKSHEETS: NVSR) NavStar Technologies, Inc.
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(NASDAQ: FUEL) SMF Energy Corp.
TODAY'S NEWS!!
"SMF Energy Expands Support to the United States Postal Service in Louisiana"
--CONTINUES TO ADD NEW BUSINESS ACROSS ALL MARKETS
FT. LAUDERDALE, Fla., Sept 01, 2009 -- SMF ENERGY CORPORATION (Nasdaq: FUEL), a leading provider of specialized transportation and distribution services for petroleum products and chemicals, today announced an expansion of the Company's business relationship with the United States Postal Service (the "USPS") into 10 new markets in South Louisiana, including Slidell, Covington and Houma. This addition extends the services of the Company to the USPS beyond the New Orleans, Baton Rouge and Shreveport core market areas and the 37 locations awarded last year. The Company also confirmed a number of other expansions and/or new business signings with large customers in the industrial equipment rental, office supply, document management, refining/petrochemical, and oil field product industries.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090513/SMFENERGYCORPLOGO) Richard E. Gathright, President and CEO, stated, "We are extremely pleased with the pace of expansion of existing customer relationships into new markets and of new customer signings. In particular, we continue to add USPS business in new markets as the USPS increasingly recognizes the value our services and the positive financial impact that they can have on the operating efficiencies and costs of their distribution network. We are further realizing significant expansions and new business opportunities with a number of large, national providers in the equipment rental, business and consumer office supply and mobile document management service industries." Gathright continued, "We are also making significant customer additions to our Chevron and private label lubricant product lines in the Company's Texas market area, including recent new customer additions in the refining and petrochemical and in the oil field and power transmission equipment manufacturing sectors. We are also continuing to expand our Chevron Associate 'Subjobber' Program with the addition of 3 new distributors to whom we will be selling the Chevron lubricant product lines in markets not previously served by the Company, thus increasing our market share and presence." Gathright concluded, "While our customers continue to be impacted by the current recession and difficult economic time, we are currently experiencing generally stable demand from our historical customers. Accordingly, we expect that any future improvement in the economy should result in a positive impact on our financial performance beyond the value added by the existing customer expansions and new customer additions we have achieved even in the current environment."
ABOUT SMF ENERGY CORPORATION (Nasdaq: FUEL)
The Company is a leading provider of petroleum product distribution services, transportation logistics and emergency response services to the trucking, manufacturing, construction, shipping, utility, energy, chemical, telecommunication and government services industries. The Company provides its services and products through 31 locations in the 11 states of Alabama, California, Florida, Georgia, Louisiana, Nevada, Mississippi, North Carolina, South Carolina, Tennessee and Texas. The broad range of services the Company offers its customers includes commercial mobile and bulk fueling; the packaging, distribution and sale of lubricants and chemicals; integrated out-sourced fuel management; transportation logistics and emergency response services. The Company's fleet of custom specialized tank wagons, tractor-trailer transports, box trucks and customized flatbed vehicles delivers diesel fuel and gasoline to customers' locations on a regularly scheduled or as needed basis, refueling vehicles and equipment, re-supplying fixed-site and temporary bulk storage tanks, and emergency power generation systems; and distributes a wide variety of specialized petroleum products, lubricants and chemicals to our customers. More information on the Company is available at www.mobilefueling.com.
FORWARD LOOKING STATEMENTS
This press release includes "forward-looking statements" within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. For example, predictions or statements of belief or expectation concerning the future performance of the Company, including the impact of current customer expansions and new customer additions, are all "forward looking statements" which should not be relied upon. Such forward-looking statements are based on the current beliefs of the Company and its management based on information known to them at this time. Because these statements depend on various assumptions as to future events, including but not limited to those assumptions noted in the "Management's Discussion and Analysis of Financial Condition and Results of Operation" section in the Company's Form 10-Q for the quarter ended March 31, 2009, they should not be relied on by shareholders or other persons in evaluating the Company. Although management believes that the assumptions reflected in such forward-looking statements are reasonable, actual results could differ materially from those projected. In addition, there are numerous risks and uncertainties that could cause actual results to differ from those anticipated by the Company, including but not limited to those cited in the "Risk Factors" section of the Company's Form 10-K for the year ended June 30, 2008.
Contact: Robert W. Beard Senior Vice President and Investor Relations Officer 954-308-4200
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(Nasdaq: MYL) Mylan, Inc.
TODAY'S NEWS!!
"Mylan Launches First Generic Version of Xopenex(R) Inhalation Solution (Concentrate), 0.25% "
PITTSBURGH, Sept 01, 2009 -- Mylan Inc. (Nasdaq: MYL) today announced that its subsidiary Mylan Pharmaceuticals Inc. has launched levalbuterol inhalation solution USP (Concentrate), 0.25%, (1.25 mg/0.5 mL). Mylan, which has already launched the product, will market this product with 180 days of exclusivity.
This product, which is indicated for the treatment or prevention of bronchospasm in patients over 6 years old with reversible obstructive airway disease, is the first generic version of Sepracor Inc.'s Xopenex(R) Inhalation Solution (Concentrate), 0.25%, to be approved by the U.S. Food and Drug Administration (FDA). According to IMS Health, Xopenex Inhalation Solution (Concentrate), 0.25% had total U.S. sales of approximately $18.3 million for the 12 months ending June 30, 2009.
Mylan Inc., which provides products to customers in more than 140 countries and territories, ranks among the leading diversified generics and specialty pharmaceutical companies in the world. The company maintains one of the industry's broadest -- and highest quality -- product portfolios, supported by a robust product pipeline; operates a controlling interest in the world's third largest active pharmaceutical ingredient manufacturer; and runs a specialty business focused on respiratory and allergy therapies. For more information, please visit www.mylan.com.
SOURCE Mylan Inc.
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(NASDAQ: ORBT) Orbit International Corp.
TODAY'S NEWS!!
"Orbit International to Exhibit at Defense Systems & Equipment International Exhibition & Conference in London"
HAUPPAUGE, N.Y., Sep 01, 2009 -- Orbit International Corp. (NASDAQ:ORBT), a military defense electronics supplier, today announced that it will exhibit at the Defense Systems & Equipment International Exhibition & Conference (DESi) September 8-11 at the ExCel Exhibition Center, London, UK. Orbit will be demonstrating its hardware and software capabilities at booth number 309.
By exhibiting at DESi, the world's largest and fastest growing international tri-service defense exhibition, Orbit will be able to demonstrate its full range of airborne, helicopter, shipboard, armored track vehicle and hand held GPS capabilities to a global audience of defense contractors and foreign military agencies.
Dennis Sunshine, President and CEO of Orbit International commented, "We are delighted to once again have an opportunity to display our hardware capabilities from both of our Electronics and Power Groups. At this international forum, our Company's engineering, design and manufacturing expertise will be brought to the attention of many of the world's leading prime contractors. Our Electronics Group will have a number of jet-fighter, helicopter and armored vehicle displays, together with our most recent custom, and COTS power units designed and manufactured by our Behlman Electronics Power Group.
Sunshine concluded, "For the first time, we are delighted that Integrated Combat Systems [ICS], will have a fully operational MK-437 Naval Gun Weaponry System which was shipped from Louisville KY to the U.K. for display. The MK-437 Cabinet will be powered by a modified commercial off the shelf 'COTS' frequency converter designed by our Behlman Electronics Power Group. The Gun Weaponry System will include displays, trackballs, keyboards and key pads, all designed by our Electronics Group. Given the number of critical niche market program opportunities gained at the last DESi Exhibition, we look forward to meeting with new prospective U.S. and Foreign defense electronics contractors and demonstrating the extent of our diversified engineering and manufacturing capabilities." Orbit International Corp. is involved in the manufacture of customized electronic components and subsystems for military and nonmilitary government applications through its production facilities in Hauppauge, New York and Quakertown, Pennsylvania. Its Behlman Electronics, Inc. subsidiary manufactures and sells high quality commercial power units, AC power sources, frequency converters, uninterruptible power supplies and associated analytical equipment. The Behlman military division designs, manufactures and sells power units and electronic products for measurement and display.
Certain matters discussed in this news release and oral and written statements made from time to time by representatives of the Company (including, but not limited to, statements regarding any acquisition proposal and whether such proposal or a strategic alternative thereto may be considered or consummated; statements regarding our expectations of Orbit's operating plans, deliveries under contracts and strategies generally; statements regarding our expectations of the performance of our business; expectations regarding costs and revenues, future operating results including all guidance amounts) future business opportunities and continued growth, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although Orbit believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond Orbit International's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact Orbit International and the statements contained in this news release can be found in Orbit's filings with the Securities and Exchange Commission including quarterly reports on Form 10-Q, current reports on Form 8-K, annual reports on Form 10-KSB and its other periodic reports and its registration statement on Form S-3 containing a final prospectus dated January 11, 2006. For forward-looking statements in this news release, Orbit claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Orbit assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE: Orbit International Corp.
CONTACT: Orbit International Corp. Mitchell Binder, 631-435-8300 Executive Vice President or Investor Relations Counsel The Equity Group Inc. Linda Latman, 212-836-9609 Lena Cati, 212-836-9611
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(NASDAQ: SIRI) Sirius XM Radio, Inc.
TODAY'S NEWS!!
"Sean Hannity Presents 'Sean Hannity's Freedom Radio' To Air Exclusively On SIRIUS XM Radio"
--Labor Day special commemorates 2009 Hannity Freedom Concerts for charity--In-depth backstage discussions, live concert performances from Billy Ray Cyrus, The Charlie Daniels Band, Michael W. Smith, Lee Greenwood to air exclusively on SIRIUS XM
NEW YORK, Sept 01, 2009 -- SIRIUS XM Radio (Nasdaq: SIRI) today announced Sean Hannity's Freedom Radio - a one-day broadcast special airing Labor Day, September 7 on SIRIUS Patriot channel 144 and XM America Right channel 166 - featuring the exclusive radio broadcast of live performances from the 2009 Hannity Freedom Concerts.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU044LOGO ) Throughout the month of August, Sean Hannity presented "Freedom Concerts" across the country, raising money for The Freedom Alliance Scholarship Fund - which provides college scholarships to the children of U.S. military personnel members who have been killed or become permanently disabled in a combat mission or training accident. Lt. Colonel Oliver North, founder of Freedom Alliance, and musical artists Billy Ray Cyrus, The Charlie Daniels Band, Michael W. Smith, and Lee Greenwood accompanied Hannity in each city. Sean Hannity's Freedom Radio will debut September 7 at 12:00 pm ET exclusively on SIRIUS Patriot 144 and XM America Right 166, SIRIUS XM's conservative talk channels that carry Sean Hannity's daily radio show, as well as daily shows from Andrew Wilkow, Mark Levin, Mike Church and Bill Bennett.
Sean Hannity's Freedom Radio will culminate September 7 at 8:00 pm ET with the radio-exclusive airing of live performances from Billy Ray Cyrus, The Charlie Daniels Band, Michael W. Smith, and Lee Greenwood recorded from the 2009 Hannity Freedom Concerts.
Before the concert broadcast, Sean Hannity's Freedom Radio will salute the charitable efforts of the Freedom Concerts and feature in-depth interviews with Hannity, Freedom Alliance President Tom Kilgannon, founder Lt. Colonel Oliver North, Charlie Daniels, and Mark Levin conducted by SIRIUS XM hosts Andrew Wilkow and Mike Church.
SIRIUS XM "roving microphones" will deliver a first-hand account of the patriotic feeling of the summer concert tour by hearing from concert attendees "in their own words." Listeners will also be introduced to recent Freedom Alliance scholarship recipients who pay tribute to their personal heroes and our men and women in uniform.
"I am grateful to SIRIUS XM for giving me the opportunity to share what's been a deeply rewarding summer," said Sean Hannity. "I've come back from each city more and more energized and proud of what we're doing for the families of the men and women who fight for our freedoms. With Sean Hannity's Freedom Radio, the experience we've had on the road with our Hannity Freedom Concerts can be shared with SIRIUS XM listeners coast to coast." Billed as an evening of patriotism and music, the Sean Hannity Freedom Concert series began as a single event in 2003 and rapidly grew to a multi-city, nationwide event. In the years that followed, Hannity's charitable efforts have helped the Freedom Alliance award more than $2.5 million in scholarships in recent years to the sons and daughters of American heroes.
For more information please visit www.sirius.com and www.xmradio.com.
About SIRIUS XM Radio
SIRIUS XM Radio is America's satellite radio company delivering to subscribers commercial-free music channels, premier sports, news, talk, entertainment, and traffic and weather.
SIRIUS XM Radio has content relationships with an array of personalities and artists, including Howard Stern, Martha Stewart, Oprah Winfrey, Jimmy Buffett, Jamie Foxx, Barbara Walters, Opie & Anthony, Bubba the Love Sponge(R), The Grateful Dead, Willie Nelson, Bob Dylan, Tom Petty, and Bob Edwards. SIRIUS XM Radio is the leader in sports programming as the Official Satellite Radio Partner of the NFL, Major League Baseball(R), NASCAR(R), NBA, NHL(R), and PGA TOUR(R), and broadcasts major college sports.
SIRIUS XM Radio has arrangements with every major automaker. SIRIUS XM Radio products are available at shop.sirius.com and shop.xmradio.com, and at retail locations nationwide, including Best Buy, RadioShack, Target, Sam's Club, and Wal-Mart.
SIRIUS XM Radio also offers SIRIUS Backseat TV, the first ever live in-vehicle rear seat entertainment featuring Nickelodeon, Disney Channel and Cartoon Network; XM NavTraffic(R) service for GPS navigation systems delivers real-time traffic information, including accidents and road construction, for more than 80 North American markets.
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the benefits of the business combination transaction involving SIRIUS and XM, including potential synergies and cost savings and the timing thereof, future financial and operating results, the combined company's plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," " are expected to," "anticipate," "believe," "plan," "estimate," "intend," "will," "should," "may," or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of SIRIUS' and XM's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond the control of SIRIUS and XM. Actual results may differ materially from the results anticipated in these forward-looking statements.
The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statement: our substantial indebtedness; the businesses of SIRIUS and XM may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected; the useful life of our satellites; our dependence upon automakers and other third parties; our competitive position versus other forms of audio and video entertainment; and general economic conditions. Additional factors that could cause SIRIUS' and XM's results to differ materially from those described in the forward-looking statements can be found in SIRIUS' Annual Report on Form 10-K for the year ended December 31, 2008 and XM's Annual Report on Form 10-K for the year ended December 31, 2008, which are filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and SIRIUS and XM disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.
P-SIRI Contact for SIRIUS XM Radio:
Hillary Schupf SIRIUS XM Radio 212.901.6739 Hillary.Schupf@siriusxm.com
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(PINKSHEETS: NVSR) NavStar Technologies, Inc.
TODAY'S NEWS!! "NavStar Announces Key Goals and Strategies for End of Year 2009"
ANAHEIM, CA, Sep 01, 2009 -- NavStar Technologies, Inc. (PINKSHEETS: NVSR), a firm focused on developing and commercializing multinational asset tracking and monitoring devices for vehicles and high value cargo, today announced the following four goals and strategies for end of year 2009.
N. Douglas Pritt, Chairman and CEO, confirmed that the company will sharpen its focus on four key goals/strategies throughout the remainder of 2009.
1) Position NavStar to strengthen their financial structure to enable it to move more quickly and efficiently. Complete the closing of interim working capital which will provide the funding that is needed to execute the company's business plan.
2) Complete one or more strategic alliances in 2009 that will allow the company to vertically integrate several key development activities to accelerate product delivery and to achieve significant cost efficiencies. Negotiations are underway with various companies and additional information will be provided in the near future.
3) Strengthen the product sales pipeline that has been developed throughout 2009.
See summary below:
Sales Pipeline
Customer Country Potential Timeframe Status
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Fixed Group Ecuador $ 3.0M Sept 2009 Agreement in place/Secure POGF&T Mexico $ 30.0M Fall 2009 Agreement in place/Secure PO
NavMex Mexico $ 1.0M Now Agreement in place/Secure PODiamante Mexico $ 1.0M Now Agreement in place/Secure POAnything United $ 30.0M Fall 2009 Agreement in place/Secure PO
Trucking StatesHaeng Bo Cha Japan $ 30.0M 2010/2011 Complete Joint VentureLee &
Associates Korea $ 15.0M 2010/2011 Complete Joint Venture4) Continue to focus on near term revenue from Ecuador and Mexico while adding more and more focus on revenue for 2010 and beyond. Consistent with previous announcements the company is reaffirming its 5 year projects as indicated below:
Year ($M) 2009 2010 2011 2012 2013------------ ---- ---- ---- ---- ----Revenue 2.2 17.2 26.4 35.3 46.9COG 1.2 9.3 15.1 20.5 27.1Gross Profit 1.0 7.9 11.3 14.8 19.8SG&A 1.5 3.7 5.3 6.9 8.6"As you can see, we are working on a variety of fronts and feel like a significant amount of progress has been made, we are committed to these end of year goals and will keep you apprised of our progress over the next four months," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc.
FORWARD-LOOKING STATEMENT This press release contains forward-looking statements within the meaning of US federal securities laws, that involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in this press release.
About NavStar Technologies, Inc.
NavStar (www.navstarinc.com) is focused on the creation of products and services that provide tracking and monitoring of vehicles and high value cargo, equipment, and other valuable and personal assets.
CONTACT: NavStar Technologies, Inc.
Patrick Bannister 714-502-6900 Email Contact
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