| XFONE Reports First Quarter 2006 Results | | Posted Wednesday, May 17, 2006 3:42:41 PM by Blog57 Team | | JACKSON, Miss., May 15 /PRNewswire-FirstCall/ -- XFONE, Inc. (Amex: XFN - News; "XFONE" or "the Company"), a provider of international voice and data communications services, announces its first quarter results for the three months ended March 31, 2006.
"2006 is off to a very strong start in all regards," stated Nissenson. "We continue to enjoy double and triple digit growth across all key metrics and are highly confident that this trend will continue as we progress through the year. Each of our geographical operations, Israel, the U.K. and the U.S., have delivered strong performance in the first quarter and appear to be gaining momentum. Fueling this momentum is successful execution of our growth-through-acquisition strategy -- a strategy that we intend to perpetuate in key global markets through the balance of the year."
Nissenson added, "We remain firmly on pace and believe that we will achieve our stated revenue guidance for the year. Currently tracking at an annualized revenue run-rate of nearly US$32 million, and after factoring the anticipated impact and timing of enhanced organic growth initiatives and targeted acquisitions, our forecasted objective of $36-$38 million appears to be right in line."
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| | | Moving property investments into super will only benefit some | | Posted Thursday, January 25, 2007 1:03:46 PM by Blog57 Team | | Tax advantages under the government's new superannuation laws are encouraging some property investors to sell-up and boost their super. But this strategy is only likely to benefit a small section of the market. Housing Industry Association chief economist Simon Tennent said he believes the super changes, which come into effect on July 1, have triggered an exit from the property market, particularly for disappointed investors or those nearing retirement. Under the federal government's new super regulations, money received from a taxed super fund will be tax-free for people over the age of 60, making it the most tax-effective investment for retirement. At present, money is taxed when put into the fund, while within the fund, and generally when withdrawn. Once the new laws are in place, an individual will be limited to investments totalling $150,000 a year or a maximum $450,000 within a three-year period.... | |
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| | | TAKtical Realty Group enters into joint venture with ZT Global Investments | | Posted Monday, January 08, 2007 2:56:53 PM by Blog57 Team | | TAKtical Realty Group, a wholly owned Dubai-based real estate brokerage and strategy subsidiary of TAKtical International, today announced that it has entered into a joint venture agreement with USA based ZT Group of Companies, a Houston, Texas based investment firm, to establish a Real Estate Investment Advisory firm under the name of ZT-Taktical LLC. .... | |
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| | | Doyle Announces Dairy Entrepreneurs' Modernization Investments ... | | Posted Friday, December 01, 2006 12:57:25 PM by Blog57 Team | | Governor Jim Doyle today announced today that Wisconsin's dairy entrepreneurs have invested more than $500 million to modernize and expand their operations thanks to the dairy investment tax credit signed into law by the Governor in April 2004. "Agriculture is our heritage, and it is also our future," Governor Doyle said. "Agricultural entrepreneurs are boosting rural economies by significantly reinvesting in their operations. The state is proud to be a partner in helping Wisconsin's dairy industry modernize and expand." The dairy investment tax credit provides an incentive for dairy farmers to invest in modernization, expansion and new technology. With the tax credit, each farm operation is eligible to reduce its tax burden by up to $50,000. This can be stretched over a several year period. For every $10 dollars a farmer spends, there is $1 reduction in tax burden.... | |
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| | | Calpers Approves First Commodities Investments (Update1) | | Posted Tuesday, November 14, 2006 11:12:47 AM by Blog57 Team | | Nov. 13 (Bloomberg) -- The California Public Employees' Retirement System, the largest U.S. public pension, will invest $500 million in oil, metals and other commodities for the first time after prices rose to records this year. The Sacramento, California-based pension fund's 13-member governing board voted unanimously to create a $500 million pilot commodities investment program. The fund will likely start its investment with a non-leveraged, low-risk commodities futures index, said Calpers spokesman Clark McKinley. ``Our goal is to further diversify our assets and take advantage of long-term market opportunities for positive returns in the resources sector,'' said Rob Feckner, Calpers board president. ``Commodities can play an important role in helping us lock in potential gains and reduce risks across the Calpers portfolio.'' Calpers, which manages $220 billion, joins retirement plans including Hermes Pensions Management Ltd., which runs the U.K.'s biggest pension fund, and the Swiss Post retirement system that this year made their first investments in commodities to help diversify from stocks and bonds.... | |
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| | | Sagio Investments claim 100 per cent victory over HSBC | | Posted Sunday, November 12, 2006 7:06:58 AM by Blog57 Team | | The Middlesea Valletta Life National League at the Eden SuperBowl has progressed through 16 from a total of 23 weeks, with the latest Div I fixtures producing only one full point win, namely that of Sagio Investments against HSBC. Leaders Aercomms stay just two points ahead having won 2 - 6 against Redwell Heating, as did chasers Fina First in their match against La Spigola. Sammy's Embroideries also took six points from their mid-table clash with Ramis, and it was also six for Right Deal against Royal Shock. The confrontation between Faces and Vintage ended in a four-all draw. Sagio Investments emerged as easy winners in week sixteen's 'clash of the financial titans', sending opponents HSBC home with their tail between legs after an 8 - 0 thrashing. Sagio opened the scoring with a 746 - 728 result in game one.... | |
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| | | (AFX UK Focus) 2006-11-09 19:17 GMT: Alcan to sell Wheaton Science Products business to River Associates Investments | | Posted Friday, November 10, 2006 7:02:23 AM by Blog57 Team | | MONTREAL, Canada (AFX) - Alcan Inc said it has agreed to sell its New Jersey-based Wheaton Science Products business to private equity group River Associates Investments LLC for an undisclosed sum. The transaction is expected to complete in November, following regulatory approval, Alcan said. Wheaton Science Products recorded sales of approximately 50 mln usd in 2005. newsdesk@afxnews.com har COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited .... | |
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| | | Fidelity Investments launches national Viewpoint tour | | Posted Tuesday, November 07, 2006 10:55:56 PM by Blog57 Team | | Fidelity Investments Canada Ltd. launched its Viewpoint Fall 2006 national road show today in Burlington, Ontario. Entitled Minds on What Matters, the tour is taking new ideas, products and retirement research to thousands of financial advisors across Canada. The 16-city tour runs through November 16 and features Fidelitys top experts discussing relevant and timely issues. Income trusts are top of mind these days for investors and advisors. Cecilia Mo, portfolio manager of the top-ranked Fidelity Income Trust Fund will take part in an interactive question and answer session, providing her expert views on the trust market. Everyone is talking about saving for retirement, but very few are talking about what happens when you get there. Peter Drake, vp, retirement and economic research for Fidelity Investments Canada, will present new Fidelity research on lifetime income planning, outlining the opportunity for advisors to differentiate themselves and grow their business.... | |
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| | | AFG to Take SAGIA's Help in Identifying Investments - KSA | | Posted Tuesday, November 07, 2006 1:05:40 PM by Blog57 Team | | The Alfaisaliah Group (AFG), one of the top 100 companies in the Kingdom, is exploring the possibility of establishing its presence in one of the economic cities being developed under the initiative of Custodian of the Two Holy Mosques King Abdullah. We are working closely with the Saudi Arabian General Investment Authority (SAGIA) in identifying the investment opportunities in the less developed regions of the Kingdom, Prince Mohammed ibn Khaled A. Al-Faisal, president of AFG, told Arab News. He said the Alfaisaliah Group, as a regional company, was always looking at investment opportunities and expansion is on our mind. Prince Mohammed added that while the government was striving to remove bottlenecks from the path of investors, a few still remained. They include removing bureaucratic hurdles in terms of starting new business, easing restrictions on export/import business, and overhauling the legal system.... | |
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| | | China Buys $1.9 Bln of Africa's Ores, Builds Network (Update3) | | Posted Sunday, November 05, 2006 6:56:53 PM by Blog57 Team | | Nov. 5 (Bloomberg) -- Chinese companies including ZTE Corp. and Huawei Technologies Co. today signed 16 contracts with 11 African nations to buy minerals, build infrastructure and phone networks, in the country's biggest investments on the continent. ZTE signed two $30 million contracts to provide phone equipment to Lesotho and Ghana, while Huawei will help Ghana set up village phone networks for $30 million and help Kenya set up an Internet-based electronic government network, according to contracts signed today in Beijing. China, the world's fastest-growing major economy, is increasing investment in Africa, as it seeks more supplies of oil, iron ore and other resources to meet local demand. Chinese President Hu Jintao yesterday pledged to double aid to Africa in three years by extending more credit and waiving tariffs on more of its exports to strengthen economic and political ties.... | |
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| | | Informa Ends Takeover Talks, Says Offer `Undervalues' Company | | Posted Friday, November 03, 2006 7:03:54 PM by Blog57 Team | | Nov. 3 (Bloomberg) -- Informa Plc, publisher of the Lloyd's List maritime newspaper, rejected an offer from buyout firms Cinven Ltd. and Candover Investments Plc. The offer of 630 pence per share ``significantly undervalues'' Informa, the London-based company said today in a Regulatory News Service statement. Informa has terminated discussions with Springer Science and Business Media, whose main shareholders are Cinven and Candover, the company said. Talks with the company were announced Oct. 19. Before today, Informa shares had risen 27 percent this year, valuing the company at 2.3 billion pounds ($4.4 billion). The shares fell as much as 26.75 pence, or 5 percent, to 515 pence, and traded at 552 pence at 4:02 p.m. in London To contact the reporter on this story: Mark Herlihy in London at Mherlihy1@bloomberg.net .... | |
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