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To: isopatch who wrote (20228)1/20/2005 9:31:25 AM
From: Roebear  Read Replies (1) | Respond to of 108702
 
iso,
I'm here, but looks like a tough day for the market. Did some buying Tuesday in energy and some selling yesterday, pretty much a wash.

In general, market pretty smelly, like 3 day old fish...

Best,
Roebear



To: isopatch who wrote (20228)1/20/2005 10:25:42 AM
From: Christopher Loe  Read Replies (1) | Respond to of 108702
 
ISO, NWAU news:NowAuto, Inc. Raises Revenue and EPS Guidance for 2005 and Provides Corporate Updates


January 20, 2005 10:17am ET (PR NewsWire)



NowAuto, Inc. (OTC: NWAU) is raising guidance for 2005 and providing corporate updates. NowAuto expects to earn net income between $5 and $6 million or between 31 and 38 cents per share in 2005. The Company is projecting revenue for fiscal 2005 of between $25 and $30 million. The Company currently has 16 million shares outstanding and is currently debt-free. The Company recently completed an equity financing which it used for recent acquisitions and working capital purposes. Currently, NowAuto has ample working capital resources for the dealerships as well as the growth of Navicom. The Company does not expect to issue additional shares in the foreseeable future.

NowAuto announces it will not make any additional acquisitions until it completes its filings to become a fully reporting company. The Company expects to become fully reporting as soon as the most recent acquisition closes, which is expected to be within 60 days. Additionally, the Company announces its intention to ultimately be listed on the American Stock Exchange and believes the recent acquisitions will allow NowAuto to meet many of the exchange's listing requirements. The Company's goal is to grow the business to over $100 million in revenue within three years.

Scott Miller, CEO of NowAuto, Inc. stated, "We are committed to building shareholder value and believe the recent developments in our business to be extremely positive. We understand that until we are fully reporting there is a lack of information for our shareholders. We are devoted to keeping our shareholders as fully informed as possible to relieve concerns until we are fully reporting. We truly want our shareholders to feel like owners of our business and share in the success we are experiencing at NowAuto."

Miller also stated, "The accretive acquisitions of the dealerships allow for considerable synergies with our previously owned dealerships, financing business and Navicom. On the Navicom front, we are experiencing record sales each month and our list of qualified distributors is growing weekly. Many of our distributors have now had a chance to see Navicom in action and are even more excited about the product than they were previously. Many of these distributors have high-level connections into businesses that could benefit tremendously from the Navicom technology. We are educating our distributors on ways to present the advantages of Navicom to these contacts. Based on the interest Navicom has already experienced this year we are expecting explosive growth in that division of the NowAuto business in 2005."

NowAuto has three unique and complementary sources of revenue broken down as follows:

1. Navicom, a subsidiary of NowAuto, has cutting-edge GPS technology that covers 98% of the United States, Mexico, and Canada. The unique Navicom technology assists in vehicle location and control. Navicom allows the subscriber to access the vehicle location via the Internet and monitor location, speed, and maintenance requirements. The technology also has disabling capabilities, which stop a Navicom-equipped vehicle from starting. There are numerous applications of the Navicom technology including personal security on vehicles and motorcycles as well as homeland security. The number of units ordered and in use is growing rapidly. LoJack, a well-known company and competitor of Navicom, is only offered in 23 states and retails for much higher prices than Navicom. Navicom has received hundreds of distribution/reseller applications from around the US with more applications coming in daily.

2. NowAuto owns two used vehicle dealerships in the Phoenix area, one in Tucson and currently has signed an executed purchase agreement to acquire an additional dealership. These dealerships are targeted at buyers with sub prime credit to finance a vehicle with no credit check. Using Navicom's technology the Company can disable the car if payments are not received and then the finance company repossesses the car. NowAuto sells its automobiles for an average of $7,000 and has healthy profit margins on all the cars it sells.

3. NowAuto also finances the vehicles it sells. Automobiles will be financed to sub prime credit borrowers at a rate of 29.99%. Feel free to check out the corporate website:

Corporate website nowauto.net
Vehicle Dealer Website nowauto.com
Spanish Version Dealer pezgordo.com
Navicom GPS nowgps.com



For more information about NowAuto, Inc. please contact Scott Miller at 480-990-0980 or SMiller@NOWAUTO.com or Finn Walstad, CEO of OTCGrowth.com at 253-564-9254 or ceo@otcgrowth.com

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.

We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.

This release was issued through eReleases(TM). For more information, visit ereleases.com.

SOURCE NowAuto, Inc. Scott Miller of NowAuto, +1-480-990-0980 or SMiller@NOWAUTO.com, or Finn Walstad, CE
of OTCGrowth.com, +1-253-564-9254 or ceo@otcgrowth.com




To: isopatch who wrote (20228)1/20/2005 10:48:32 AM
From: la.dave  Read Replies (1) | Respond to of 108702
 
I is here, been doing a bit of reading on the Yahoo CNR-Group board. The following is part of an email response by Julian Hammond-CEO of Canargo(he apparently does not use spell check) to a question from a fellow stock holder. The rest is available at Yahoo Groups.

Next week we should be back to work on N-22, only 300 meters to go. Did I say KA KA KA CHING. My wag upped to 2,000-4,000 bbl/d.(optimistic? Maybe) Time will tell.

Still in the watch and wait mode(and glad I am) with AGT. I figured that the latest news would cause a shake out of those that can't see the potential, forest for the tree kinda thing.

Thanks for your post on the market, affirmation of my thoughts, thus I am one positive SOB. LOL

Best to Ya.

Julian Hammond's email.
<<We will be drilling 15 underbalanced horizontal wells with
Weatherford International. These are principally old wells that we
are re-entering and kicking out from, which keeps costs relatively
low. The sub-vertical fracture nature of the reservoir means we
should hit more of these fractures with this method than with a
vertical well and therefore have higher production. We have drilled
4 horizontal wells with drilling mud but lost a huge amount of mud
when we hit these fractures that limits the length of the horizontal
section, and damages the reservoir. This method uses Nitrogen and
wee should flow whilst drilling, there fore producing in a more
efficient way. We are drilling some in the most productive part of
the field, and some into potentially un-rained areas.

The N22 well is in an un-rained area and the N100 is in the most
productive area. WE drilled a new well on the Samgori field which
we intend to use for three horizontal sections. So as you can see it
varies a lot.>>