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AM Oil Resources & Technology Inc. (OTCBB: AMOR) Closed at $0.86. Up $0.04. Announced today that it intends to build approximately 20 of its patented MT-06 Portable Steam Systems in 2009. As previously stated, each Portable Steam Systems used by the Company is capable of producing from $2-$6 million in annual revenues for AM Oil Resources & Technology. The Company’s technology is a self-contained steam generator system with an innovative drumless boiler, generator set, pumps and water purification system capable of producing variable temperature steam (500 to 750 degrees Fahrenheit) at variable pressures (300 to 2500 psig) and steam qualities of 70 to 85%. The systems are trailer or skid mounted and designed to produce steam that is injected down the casing of oil wells to oil producing zones to recover oil previously unrecoverable without heat and pressure.
Anthony K. Miller, CEO of AM Oil Resources and Technology, commented: “These systems are designed for Company usage as well as to market to customers worldwide for joint venture opportunities. We intend to build both 10 million BTU and 25 million BTU systems. These units are easily moved from well to well injecting steam into the wells from days to weeks depending on the oil formation. Based upon the domestic and international interest (Canada, S. America and Mexico) we are receiving, we are confident that we have sufficient interest to warrant 20 units as an attainable goal.
”According to the Energy Information Administration (EIA), which provides the official energy statistics from the U.S. Government, the U.S. consumed 20.68 million barrels of crude oil and petroleum products per day in 2007 and our daily production is just above 5 million barrels per day. The Country has over a trillion barrels in reserves and much of that oil is trapped in oil formations that can only be recovered with technology. To meet our daily demand, the U.S. gets the vast majority of its oil from foreign sources. Because of our weak economy, we borrow from China to pay for the oil we need, deepening our economic crisis and expanding our trade deficits. We believe that producing our own domestic oil is a better option for the country and we believe that our technology is a solution in that direction,” further commented Miller.
What They Do: AM Oil Resources & Technology makes portable steam generators that are designed to maximize oil production in oil fields, both domestically and internationally. This technology is able to recover crude oil that would otherwise remain in the ground forever. The Company believes that its unique approach of applying its proprietary technologies to non-producing oil wells, with known reserves, will earn the company a profitable niche in the petroleum industry. Targeting approximately 480,000 marginal wells in the United States, the Company is ideally positioned to provide an environmentally safe and cost-effective method of maximizing oil production.
How They Trade: AMOR has a 52 week high of $1.01 and a 52 week low of $0.56.
Nuance Communications (Nasdaq: NUAN) Closed at $9.86. Announced Friday after market close that it is extending its previously announced offer to purchase all of the outstanding common shares of Zi Corporation (Nasdaq: ZICA) Closed at $ ZICA, TSX: ZIC) for US$0.40 per share in cash to 5:00 p.m. (Calgary time) on February 13, 2009, unless further extended or withdrawn. The tender offer, which was previously scheduled to expire at 5:00 p.m. (Calgary time) on January 30, 2009, has been extended to provide Zi shareholders additional time to consider the merits of the offer. All other terms and conditions of the tender offer described in the offer to purchase and accompanying circular dated November 26, 2008, as amended on December 3, 2008, remain unchanged.
Nuance’s US$0.40 per share cash offer represents a 25 percent premium over the closing price of Zi common shares on NASDAQ on August 13, 2008, the last trading day prior to the public disclosure of Nuance’s initial proposal to Zi’s Board of Directors. The offer will be financed though Nuance’s existing cash on hand.
What They Do: Nuance is a leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents.
How They Trade: NUAN has a 52 week high of $21.47 and a 52 week low of $6.18.
3Com Corporation (Nasdaq: COMS) Closed at $2.33. Announced Friday after market close Alan Kessler has joined the company as its new president of TippingPoint, a leading provider of network-based intrusion prevention systems. Kessler brings more than 20 years of senior management experience running entrepreneurial startups as well as larger successful organizations. Kessler will report to 3Com President and Chief Operating Officer Ron Sege. COMS is a current focus stock at http://www.smallcapreview.com.
What They Do: 3Com Corporation is a leading provider of secure, converged voice and data networking solutions for enterprises of all sizes. 3Com offers a broad line of innovative products backed by world-class sales, service and support, which excel at delivering business value for its customers.
How They Trade: COMS has a 52 week high of $4.23 and a 52 week low of $1.43.
TeleTech Holdings (Nasdaq: TTEC) Closed at $8.09. Announced Friday after market close that it will be adding approximately 600 temporary customer service positions to its Fairfield, AL. workforce in February.
Prospective candidates are invited to attend one of the job fairs being held Tuesday, February 3 through Thursday, February 5, 2009, from 8 a.m. to 6 p.m. at the TeleTech service delivery center located at 6501 EJ Oliver Blvd, Fairfield. New employees will provide inbound customer support for the DTV (Digitalsition for one to two weeks.
TeleTech currently employs more than 50,000 people around the world and will be adding approximately 600 part-time/full-time temporary positions by the first week of February. The company will not be hiring for telemarketing or sales-related services at this location, rather for inbound customer support.
What They Do: TeleTech is one of the largest and most geographically diverse global providers of business process outsourcing solutions.
How They Trade: TTEC has a 52 week high of $26.88 and a 52 week low of $6.43.
Central Garden & Pet Company (Nasdaq:: CENT) Closed at $6.04. Announced Friday after market that it will announce results for its first quarter ended December 27, 2008, on Wednesday, February 4, 2009 after the close of trading. Central will host a webcast/dial-in conference call shortly following the earnings release on Wednesday, February 4, 2009, at 4:30 p.m., Eastern (1:30 p.m. Pacific) to discuss the first quarter 2009 results. To listen to the call by telephone, please dial 888-680-0878 and passcode 1763 2663 (domestic) or 617-213-4855 and passcode 1763 2663 (international).
What They Do: Central Garden & Pet Company is a leading innovator, marketer and producer of quality branded products for the lawn & garden and pet supplies markets.
How They Trade: CENT has a 52 week high of $8.15 and a 52 week low of $2.17.
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