Tobacco Getting Burned By It's Own Smoke
A jury in Los Angeles has awarded a 56 year old smoker with cancer $5.5 million in compensatory damages and $3 billion in punitive damages against the Phillip Morris company
in one of the largest awards ever in a civil lawsuit. The west coast has become a major stumbling block against big tobacco as four major cases have been found for the plaintiffs.
While most large jury awards are scaled back by the judge or even overturned on appeal, the trend does not bode well for tobacco companies, who are accused of conspiring to hide
the medical effects of smoking.
The check is in the mail...or at least it will be. Americans who paid taxes last year will receive tax refunds from the federal government under the Tax Cut plan signed into law on
Thursday by President Bush..if you’re single expect $300, $500 if you filed as the head of a household and $600 if you are married and filed jointly....we should all receive our
checks before October.
The British Pound is taking a beating as speculators act on the expectations that Britain will adopt the euro as the official currency. Right now is a very good time for tourists to visit England as the US dollar has seldom been stronger against the pound.
This Week on Emerging Company Report-Helping New Companies Become Public Companies
Hollywood, CA-Emerging Company Report is the nationally syndicated television program profiling emerging-growth companies (http://www.emergingcompany.com), featuring
informative interviews with the CEOs, insights into their operations and outlooks for their futures.
Featured companies on this week’s edition include;
Axia Group Inc. (OTC-BB: AXIA) CEO Richard Surber described Axia as a diversified holding company that provides financial consulting services to public companies while
pursuing an aggressive strategy of acquiring undervalued real estate. ”We have created a new approach to success for promising start up businesses that want to gain access to the
public capital markets”, he said, “without having to spend the exorbitant sums of money usually associated with going public.”
Michael Manahan, President of Magnum Financial Group spoke of the recent resurgence in trading volume on the OTC Bulletin Board Exchange. “While the second half on 2000
was dismal as far as trading was concerned”, he explained, “we have seen substantial increases in the past couple of months. I expect to see continued moderate growth during the
rest of the year.”
Shari Edwards, PR Director for ValCom, Inc. (OTC-BB: VCMI) announced the company had just been given a $20 million line of credit over four years for further development.
Free information packages from the featured companies can be requested by sending an email to info@emergingcompany.com.
Viewers of Emerging Company Report can receive free information in the mail about featured companies by calling the toll-free phone number on their TV screen. The weekly
television program debuted in 1996 and is seen nationally on Friday evenings at 11:00 ET, 8:00 PT, Saturdays at 4:00 PM ET, 1:00 PM PT and Sunday mornings at 11:00 ET, 8:00
PT. It also airs in New York on Thursdays at 11:30PM and Saturdays at 6:00PM. The program is broadcast to over 30 million cable TV homes in more than 300 cities nationwide.
A complete menu of cable TV channels is available at the Emerging Company Report web site,
emergingcompany.com, where the weekly program may also be viewed "On-Demand" on any computer .
Emerging Company Report television program, Copyright 2001, all rights reserved. Emerging Company Report does not provide an analysis of companies' financial positions and is
not soliciting to purchase or sell securities of the companies, nor are we offering a recommendation of featured companies or their stocks. Information discussed herein has been provided by the companies and should be verified independently with the companies and a securities analyst. Emerging Company Report has been paid a cash fee of $11,500.00 by the featured companies, does not accept company stock as payment for services, does not hold any positions, options or warrants in featured companies and the information herein is not an endorsement by the producers, publisher or parent company of Emerging Company Report. |
