DTCT.15.Still waiting for bammmmmmm.Book value .73.
To:Taki who wrote (120410)
From: Taki Monday, Sep 29, 2003 2:33 PM
View Replies (1) | Respond to of 120757
DTCT.15.ALERT,1)Book value.73.Been buying from .19.As I see here money to be made below .20s IMO.DD below read all.
2): DTCT Sells 90% of Oregon Mining Site for $31.1M
3)Revenues up 100% last Q.
4)Only 48.5 million shares outstanding on a
fully diluted basis.
5)Read below as revenues should be huge this coming Q to be announce soon. We expect
to begin realizing the potential value of theses new orders that currently
exceed $1 million in the third quarter with additional impact in the fourth
quarter," Downs said.
6)Diatect CEO Jay Downs said, "We are pleased to have been approved for trading on
the Berlin Stock Exchange.
(COMTEX) B: DTCT Sells 90% of Oregon Mining Site for $31.1M [delayed]
B: DTCT Sells 90% of Oregon Mining Site for $31.1M [delayed]
Ridgeland, MS, SEP 12, 2003 (EventX/Knobias.com via COMTEX) -- Diatect
International Corporation (DTCT) announced the sale of 90% of its rights to a
diatomaceous earth (DE) mining site in Oregon for $31.1M. Under the terms of the
agreement, the company will receive $1,945,350 a year through 2021 beginning
September 1, 2005. The transaction was previously announced on August 13, 2003.
The company currently expects to recognize an extraordinary gain of
approximately $0.62 per share on this transaction. The company is expected to
strengthen the company's balance sheet, and the agreement calls for DTCT to have
first right of refusal to the materials from the mine at below market prices.
Press Release
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SUBJECT CODE: Divestiture/Asset Disposition
Important Co. News
Major Agreements
Mover
MOVER(+)
KNO-Zone
*** end of story ***
Diatect CEO Jay Downs said, "We are encouraged by our steadily improving revenue
that reflects increasing retail and agriculture sales. We recently reported
orders for our non-toxic Fire Ant insect control products from approximately 100
Future Farmers of America Chapters in Florida and Louisiana. The chapters intend
to sell Results(TM) products to homeowners, gardeners and landowners in areas
within their communities to raise funds for FFA educational and other chapter
needs. We are expecting additional orders from chapters in Florida and Louisiana
and new orders from Georgia, Mississippi, Alabama, Texas and Arkansas. We expect
to begin realizing the potential value of theses new orders that currently
exceed $1 million in the third quarter with additional impact in the fourth
quarter," Downs said.
Downs also noted that the company has signed a letter of intent for the sale of
90% of its rights to a diatomaceous earth (DE) mining site in Oregon for $31.1
million. Under the terms of the agreement, the company will receive $1,945,350 a
year through 2021 beginning September 1, 2005. The company said it expects the
transaction to be completed on or before September 15, 2003.
The transaction will increase the company's book value to $0.73 per share. This
is expected to be reflected in the company's balance sheet for the third quarter
of 2003. The company has approximately 48.5 million shares outstanding on a
fully diluted basis. The mining rights will be purchased by Diatomaceous Earth
Deposits of Virginia in an agreement that gives Diatect first rights to the
mined minerals from the site. Diatomaceous Earth Deposits of Virginia is
co-owned by Michael P. McQuade, an outside director of Diatect.
"Although the impact of this transaction will not show up on our balance sheet
until the third quarter, we are pleased that we will finally be able to
accurately reflect the value of this important asset in our financial
statements," Downs said.
(COMTEX) B: Diatect International Corp. Approved For Trading on Third Segm
B: Diatect International Corp. Approved For Trading on Third Segment Of Berlin S
HEBER, Utah, Sep 23, 2003 /PRNewswire-FirstCall via COMTEX/ -- Diatect
International Corporation (OTC Bulletin Board: DTCT) announced today that the
company has been granted permission to trade its shares on the Third Market
Segment of the Berlin Stock Exchange. The ISIN number will be US25284B1098, the
WKN number is 913540 and the German trading symbol is DI8.BER.
Diatect CEO Jay Downs said, "We are pleased to have been approved for trading on
the Berlin Stock Exchange. This will facilitate trading of our shares by German
and European investors and should substantially improve liquidity in our common
stock overall. We are striving to enhance our corporate visibility in Germany
and to expand our corporate presence to a broader financial community in Europe.
We believe this program coupled with an application to cross-border list our
shares on a German stock exchange will assure that our story reaches a much
larger European audience."
Diatect products are an EPA-labeled new generation of non-toxic insect control
products marketed for sustainable and organic food production. The company's
Results(TM) line for fire ant, tomato and garden, pet powder and indoor markets
is packaged for the over-the-counter market and consumer use. Diatect
International Corporation is an insect control and natural resource company
headquartered in Heber near Salt Lake City. The company's Diatect and
Results(TM) products are sold into the multi-billion dollar agriculture,
industrial, home and garden industry worldwide.
An investment profile on Diatect may be found on the website
www.hawkassociates.com/diatect/profile.htm
For further information contact Diatect International Shareholder Services at
(435) 654-4370 or email shareholderservices@diatect.com or Frank Hawkins or
Julie Marshall, Hawk Associates, at (305) 852-2383. Email:
info@hawkassociates.com. Detailed information about Diatect International
Corporation can be found on the website www.diatect.com. Copies of Diatect press
releases, SEC filings, current price quotes, stock charts and other valuable
information for investors may be found on the website:
www.hawkassociates.com/diatect.
This announcement includes forward-looking statements that involve risk and
uncertainties. While these statements are made to convey to the public Diatect's
progress, business potential and growth prospects, readers are cautioned that
such forward-looking statements represent management's opinion. Such statements
are made based upon current expectations that are subject to risk and
uncertainty. In particular, management's estimates of future revenue amounts and
timing are based upon product delivery schedules, which may be subject to
unforeseen delays. Diatect does not undertake to update forward- looking
statements in this news release to reflect actual results of its marketing plan
and changes in assumptions or changes in other factors affecting such
forward-looking information.
SOURCE Diatect International Corporation
CONTACT: Diatect International Shareholder Services, +1-435-654-4370,
email, shareholderservices@diatect.com ; or Frank Hawkins or
both of Hawk Associates, +1-305-852-2383, or email, info@hawk
for Diatect International Shareholder Services
URL: diatect.com
prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
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