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DIGI INTERNATIONAL (NASDAQ:DGII)
Digi International closed at $14.74 Friday, trading 119,200 shares.
Company News- July 2, 2007: Digi Announces Distribution Agreement with Future Electronics
Digi International announced a new distribution agreement with Future Electronics, Inc., a leading distributor of electronic and electro-mechanical components. Future Electronics will now promote, supply and support Digi embedded modules and microprocessors in North America, South America and the Pacific Rim.
"We are continually looking for ways to better support our customers and reach our target customer base," said Larry Kraft, senior vice president of global sales and marketing, Digi International. "Future provides outstanding customer support and comprehensive design services. We look forward to partnering with Future to ensure the continued growth of our embedded product line."
"Future Electronics is proud to work with Digi International as a worldwide partner," said Peter Austin, product line manager, wireless connectivity group, Future Electronics. "Digi is a leader in device networking for business. The partnership is a critical step in providing Future's customers with leading edge technologies from the industry's top manufacturers. Future Electronics continues its commitment to being a wireless connectivity leader and this partnership reflects our commitment to bringing the industry's top technologies to market globally."
Digi is the leading provider of embedded wired and wireless modules, and ARM-based microprocessors. Digi's embedded modules and NET+ARM processors make it easy for design engineers to add wired and wireless network connectivity to their solutions and get to market faster. For more information about Digi embedded solutions, please visit www.digiembedded.com.
About Future Electronics
Future Electronics, a global leader in electronics distribution, ranks 3rd in component sales worldwide. Founded in 1968, the company has emerged as one of the most important entities in the electronics distribution industry and today, is recognized around the globe as one of the industry's most innovative organizations. This position is built upon Future's commitment to maintain close business partnerships with both suppliers and customers, coupled with the strength of its commercial and technical competencies through all stages of the design-production cycle. The company employs 5,000 employees in 157 offices in 37 countries around the world. Future Electronics' web site can be accessed at www.FutureElectronics.com.
About Digi International (NASDAQ:DGII)
Digi International, the leader in device networking for business, develops reliable products and technologies to connect and securely manage local or remote electronic devices over the network or via the web. Digi offers the highest levels of performance, flexibility and quality, and markets its products through a global network of distributors and resellers, systems integrators and original equipment manufacturers (OEMs). For more information about Digi, visit www.digi.com or call 877-912-3444.
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GTREX CAPITAL, INC. (OTCBB: GRXI)
GTREX Capital, Inc. closed at $.0028 Friday, trading 7,359,333 shares. As of 10:34 EDT , today, GRXI was trading at $.0034, up 21.4%.
Company News- July 2, 2007: GTREX Capital Announces Increased Data Center Capacity for Expanded Operations of Global Travel Exchange Subsidiary
GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiary operations in the travel distribution industry, reported that its Global Travel Exchange subsidiary has increased its capacity at TechSpace, the data center that runs Global Travel Exchange's Voyager Network travel distribution platform. The increased capacity will enhance Global Travel Exchange's ability to complete direct connections for additional existing customers and fulfill new contracts that it expects to execute as it expands its operations.
Global Travel Exchange has completed an OTA-compliant direct connect travel technology solution through the Voyager Network for TOURCO, a leading tour operator in the eastern United States and Canada and that solution is now accepting bookings. Voyager Network is a more efficient and cost-effective connection and the direct connect solution offers vastly improved services while reducing distribution costs for the supplier.
In addition to TOURCO, Global Travel Exchange subsidiary has additional existing customers, for which it is translating data to OTA-compliant XML as part of the preparations for direct connections through Voyager, including several airline, hotel, car rental, travel agencies, and tour package companies.
Founded in 1997, TechSpace (www.techspace.com) is a premier full-service facilities and infrastructure provider, which offers state-of-the-art technology services and business process outsourcing solutions for its customers.
TechSpace offers first class co-location hosting services that are designed to provide companies with an advanced, stable and reliable technology platform to operate their core business. It boasts a 5,000-square-foot data center that is located in Aliso Viejo, California. In addition to its standard hosting services, TechSpace's firewall implementation is fully redundant, and TechSpace monitors these firewalls constantly and its professional staff can react accordingly to threats and attacks.
"The continued expansion of the Voyager Network is an integral part of Global Travel Exchange's business strategy, and by increasing our capacity at TechSpace, we will have the ability to facilitate additional growth," commented company President Ron Lindsay. "Work is underway to complete of direct connect solutions for the rest of our existing customers, and anticipated connection agreements with additional new customers further reinforce the need for greater capacity at the data center."
GTREX Capital also announced that the company has entered into a preliminary agreement with Elleipsis, Inc., a premiere provider of aggregated travel web services, under which GTREX Capital would acquire all of the issued and outstanding shares of Elleipsis. The value of Global Travel Exchange is one component that is expected to determine the final percentage of Elleipsis that GTREX Capital shareholders will own at the close of the transaction.
"The growth of Global Travel Exchange is expected to deliver additional value to GTREX Capital shareholders as part of our planned acquisition of Elleipsis," said Steven R. Peacock, consultant CEO of GTREX Capital.
"The ongoing exchange of information between Elleipsis and GTREX Capital has continued with the transfer of due diligence information between the parties. We expect to have the entire due diligence process completed very shortly, and we look forward to moving toward a definitive agreement in the near future," Mr. Peacock added.
About GTREX Capital, Inc. (OTCBB: GRXI)
GTREX Capital, Inc. is a holding company with subsidiaries doing business in the travel industry. Global Travel Exchange, Inc. (www.gtrex.com), a GTREX Capital subsidiary, has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. GTREX Capital recently acquired all of the outstanding shares of Global Travel Partners, a Nevada corporation that owns 100% of AsiaWorld Travel Vancouver, Ltd., and Dominion Pacific Travel, two British Columbia-based travel companies. More information on the company can be found at: http://www.gtrexcapital.com
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RANCHER ENERGY CORP. (OTCBB: RNCH)
Rancher Energy Corp. closed at $.73 Friday, trading 166,500 shares.
Company News- July 2, 2007: Rancher Energy Corp. Announces Fiscal 2007 Financial Results and Highlights - - $89 million in equity capital raised - $73 million invested in three major properties in Powder River Basin - CO2 supply agreement signed with Anadarko Petroleum - Impressive new management team to direct operations - 5 new board members strengthen leadership team and corporate governance
Rancher Energy Corp. announced financial results for its fiscal year ended March 31, 2007, and other recent highlights associated with the Company's strategy to use advanced CO2 recovery techniques to reinvigorate three historically productive oil fields in Wyoming's Powder River Basin.
Fiscal 2007 revenue of $1.2 million consisted of slightly more than one fiscal quarter of oil & gas sales commencing with the December and January acquisitions of the three fields. Assuming stable crude prices, fiscal year 2008 revenue is expected to increase significantly due to four full quarters of contribution by producing fields.
The Company's property acquisitions and aggressive growth strategy resulted in significantly higher operating expenses in fiscal 2007. General and administrative expense showed the largest increase - to $4.5 million from $74,000 - due to several factors, including higher costs associated with the addition of executive, technical and support personnel; consulting services; compliance with Sarbanes-Oxley; and audit, legal and reservoir engineering services. Including $1.5 million in non-cash stock-based compensation costs, total operating expenses increased to $6.8 million in fiscal 2007 from $124,000 in the prior year.
Net loss in fiscal 2007 was $8.7 million, or $0.16 per share, versus a net loss of $124,000, or less than one cent per share, in fiscal 2006. In addition to $1.5 million in non-cash stock-based compensation expense, the 2007 net loss included $2.7 million in liquidated damages due to the delayed effective date of a registration statement relating to the Company's $80 million equity private placement.
During the second and third quarters of 2007 Rancher Energy raised approximately $89 million in two private placements, primarily with institutional investors. The Company used approximately $73 million of proceeds to acquire three historically productive oil fields in the Powder River Basin - the Cole Creek South Field and the South Glenrock B Field for $47.7 million on December 22, 2006, and the Big Muddy Field for $25.7 million on January 4, 2007. The Cole Creek South and South Glenrock B Fields are currently producing a gross aggregate of 290 BOPD, although CO2 enhanced oil recovery plans call for accelerated production levels from all three fields.
The private placements and subsequent property acquisitions increased total assets at 2007 fiscal year-end to $81.5 million from $47,000 in fiscal 2006. Working capital increased to $889,000 from $44,000 over the same periods.
"Over the past eight months we have achieved a number of key milestones that are critical to our objective of becoming a formidable player in the CO2 enhanced oil recovery industry," said John Works, president and CEO. "We raised significant equity capital, purchased three promising oil fields, secured a long-term CO2 supply source, and assembled a strong team of executives, board members and support personnel, all of whom are committed to building shareholder value through consistent performance. We have since turned our attention to a fresh set of milestones -- completion of a significant financing, which we expect will be primarily debt; construction of a CO2 supply pipeline and related infrastructure; and completion of the resale registration statement. While we face customary challenges along the way, we are working diligently to achieve these milestones. We appreciate the support of our investors and employees at all levels of the organization and look forward to reporting our progress as it unfolds."
About Rancher Energy Corp. (OTCBB: RNCH)
Rancher Energy is an innovative oil & gas exploration & development company with a targeted strategy to reinvigorate older, historically productive oil fields in the hydrocarbon-rich Rocky Mountain region of the United States. Using CO2 injection coupled with other leading edge hydrocarbon recovery techniques, including 3-D seismic data and directional drilling, Rancher Energy expects to extract proven in-place oil that remains behind in mature fields. Rising energy demand and strong oil & gas prices combined with advances in oil recovery have made this strategy profitable. Rancher Energy is taking advantage of this convergence by acquiring low risk, high quality, historically productive plays with under-exploited reserves and developing customized enhanced recovery strategies to maximize production.
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EXTREME NETWORKS, INC. (NASDAQ: EXTR)
Extreme Networks, Inc. closed at $4.05 Friday, trading 2,440,900 shares.
Company News- July 2, 2007: Extreme Networks Selects Baxter Planning Systems for Service Parts Planning - Functionality and Integrated Solutions Key in Selection
Baxter Planning Systems (www.bybaxter.com), the premier provider of aftermarket parts planning solutions, announced that Extreme Networks, Inc. (Nasdaq: EXTR), a global provider of modular and stackable network infrastructure equipment, has selected Baxter's industry-leading aftermarket parts management solution Prophet by Baxter to replace the current planning process with a cutting edge automated planning solution.
"Extreme has a long history of quality customer service," said Janice Chavez, Senior Manager of Service Planning for Extreme. "Our planning team is tasked with automating the planning processes to sustain worldclass service levels while keeping inventory-related costs under budget. In consideration of all the available solutions, it was clear that Baxter Planning Systems' Prophet by Baxter was the right choice to support our culture of innovation. We look forward to a very successful relationship with the team at Baxter and to passing the benefits on to our global client base."
Extreme Networks has implemented the first of two phases of new planning tools, beginning with Baxter's "Field Planning." This module identifies an optimal set of stocking locations and also calculates the parts required at each location to maximize service level and minimize inventory. Later this year, "Distribution Center Planning" will be added and linked to the field plan to drive automated purchase and repair forecasts.
Prophet by Baxter will be used to manage Extreme's service parts inventory over four geographies, including North America, South America, Asia Pacific and Europe, while providing a wide range of benefits to customers across the globe. Extreme will utilize Field Planning and Distribution Center planning tools through Baxter's web-based hosted systems, minimizing Extreme's internal IT expenses.
"We are looking forward to a long and mutually rewarding relationship with the talented team at Extreme," said Greg Baxter, CEO and President of Baxter Planning Systems. "It's always exciting to work with such as high caliber group of professionals on a global project that will benefit so many companies, professionals and consumers."
About Baxter Planning Systems Inc.
Since 1993, Baxter has pioneered the development of Web-based solutions to meet the unique demands of after-market, service, repair, and spare parts industries. The Prophet by Baxter(TM) suite of integrated forecasting and planning applications enables Baxter's clients to achieve industry-leading customer service levels while significantly increasing profitability. Headquartered in Austin, Texas, Baxter is privately held, self-funded, and profitable. Global 2000 and Fortune 500 enterprises deploying Baxter solutions include Agilent Technologies, De La Rue, Silicon Graphics, Enterasys Networks, Alcatel-Lucent, Network Appliance, Kodak, and Philips Medical Systems. For more information, visit Baxter on the Internet at www.bybaxter.com, or call 866-323-5959.
About Extreme Networks, Inc. (NASDAQ: EXTR)
Extreme Networks designs, builds, and installs Ethernet infrastructure solutions that solve the toughest business communications challenges. Our commitment to open networking sets us apart from the alternatives by delivering meaningful insight and unprecedented control to applications and services. We believe openness is the best foundation for growth, freedom, flexibility, and choice. We focus on enterprises and service providers who demand high performance, converged networks that support voice, video and data, over a wired and wireless infrastructure. For more information on Extreme Networks carrier grade Ethernet solutions, visit: http://www.multidimensionalethernet.com.
As a trader, a very intelligent place to put your money, is where the money is flowing into. These are the kind of trades that you want to get into.
As the saying goes...follow the money!
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