Copyright © 2026 Knight Sac Media. All rights reserved.https://www.siliconinvestor.com/subject.aspx?subjectid=7479 Dow Jones News Service -- August 13, 1996 YBM Magnex Intl Sees Revenue Growth 30-35%/Yr In Magnet Ops By Ben Dummett TORONTO (Dow Jones)--YBM Magnex International Inc. (T.YBM) expects annual revenue growth of 30%-35% from its main magnet business, but this rate could prove higher over time if the company's push into the U.S. market succeeds. Furthermore, the Toronto-listed concern recently secured a U.S. patent for the composition of neodymium - a material used to make iron boron magnets - that could evenutally reap YBM ''several millions of dollars'' in royalty payments, James Held, YBM's vice president of corporate development, tells Dow Jones. And it's these growth prospects that excite analysts about the company's stock. On the Toronto Stock Exchange, YBM is near its 52-week high of 6.75, trading down 0.15 at 6.60 today on volume of 13,900 shares. Mike Middleton, who covers the stock for Griffiths McBurney & Partners in Toronto, has targeted the stock to reach 8.50 over the next 12 months. First Marathon Securities Ltd. analyst Kaan Oran sets an 18-month price target of 11. YBM's core business involves making and distributing high-energy permanent magnets for use in general industrial items, computers, electrical household appliances, and an array of electronic and telecommunication equipment. The magnet business generates about 70% of the company's annual revenue, Held says. Most of the YBM's magnet business is in Europe and the Middle East, where the company is still growing, the executive says. However, ''I think we could accelerate our (30%-35%) rate of growth if we penetrate the U.S., (since) it's the largest electronics market in the world,'' Held reasons. YBM's success in Europe reflects the company's start four years ago in Hungary, where it continues to operate its manufacturing plant, Held says. YBM moved its corporate headquarters to Newton, Penn. in 1994 to focus on the U.S. market, Held says. Like in Europe and in the Middle East, YBM's strategy in the U.S. is to target niche markets, typified by customers with orders too small to attract the major magnet producers, Held says. So far, it looks like YBM Magnex International Inc.'s (T.YBM) foray into the U.S. is paying off. In the first six months of the year, U.S. revenue totalled $5 million (U.S.), already up sharply from $2.8 million for all of 1995, notes company spokesman James Held. Moreover, ''we are working on several significant contracts'' in the U.S., as well as in Mexico and Canada, he adds. Indeed, YBM is close to securing a $2 million (U.S.) contract in Canada, Held tells Dow Jones. He declines to provide specifics. YBM posted total revenue of almost $35.3 million (U.S.) in the first six months of 1996, and projects about $70 million for the entire year, sharply up from last year's $50.6 million. ...https://www.siliconinvestor.com/images/Logo380x132.pnghttps://www.siliconinvestor.com/subject.aspx?subjectid=747938013210StockDung<span id="intelliTXT">Crime blog: This mob boss is twice the villain Whitey Bulger ever was <br><br>Monday August 5, 2013, 4:08 PM <br>JUSTIN PETERS <br>Associated Press <br><br>(c) 2013, Slate. <br><br>Name: Semion Mogilevich <br><br>Wanted for: Various fraud-related crimes; general supervillainy <br><br>Added to the FBI Ten Most Wanted Fugitives List: 2009 <br><br>The circumstances: In 2011 the FBI apprehended fugitive James "Whitey" Bulger, the alleged Boston mob leader who had been on the bureau&#39;s Ten Most Wanted Fugitives List for 12 years. At the time an FBI press release touted the capture of "a man notorious in Boston and around the world for the very serious crimes he is alleged to have committed." But as Bulger was being removed from the list, another gangster remained, a fellow whose alleged crimes made Whitey Bulger look like Ray Bolger. Meet Semion Mogilevich, a Ukrainian known as the "Brainy Don" who has been called "the most powerful mobster in the world." <br><br>At first look, Mogilevich&#39;s alleged crimes seem fairly banal. He is wanted by the FBI on various fraud charges relating to his involvement with a publicly traded industrial magnet manufacturer called YBM Magnex. Though shares in the company sold for up to $20 on the Toronto Stock Exchange, an investigation revealed that YBM did not actually make magnets, and that the company "was created for the sole purpose of committing securities fraud." It&#39;s a clever scheme, but hardly unprecedented in the Bernie Madoff era. <br><br>But the magnets are allegedly just the tip of the crime-berg. According to the FBI, when he&#39;s not creating sham companies to bilk Canadian investors out of their savings, Mogilevich dabbles in "weapons trafficking, contract murders, extortion, drug trafficking and prostitution on an international scale." A 1998 Village Voice profile reported that Mogilevich "controls everything that goes in and out of Moscow&#39;s Sheremetyevo International Airport." The FBI claims that "through his extensive international criminal network, Mogilevich controls extensive natural gas pipelines in Eastern Europe, and he uses this wealth and power to not only further his criminal enterprises but to influence governments and their economies." Oh, yes, he&#39;s also said to deal in nuclear materials. <br><br>His likely whereabouts: This isn&#39;t hard: Mogilevich is in Moscow. The United States can&#39;t touch him there, because Russia doesn&#39;t extradite to the U.S. Russia itself doesn&#39;t seem particularly interested in going after the Brainy Don: although Mogilevich was arrested by the Russian government in 2008 on tax evasion charges, he was released soon thereafter. (Russian authorities justified Mogilevich&#39;s release by saying that the charges against him "are not of a particularly grave nature.") He lives out in the open, more or less, and is said to be "on good terms" with President Vladimir Putin. <br><br>Prospects of catching him: Very slim. Mogilevich, allegedly, is a real-life Keyser S&#246;ze: a ruthless, fabulously wealthy international crime boss who is shielded from arrest by his money and contacts, with an occasional assist from his right-hand man, Pete Postlethwaite. He&#39;ll only ever be caught if he falls out of favor with the Russian government (it could happen), or if he for some reason decides to leave Russia and travel to a country that extradites fugitives to America. "If Mogilevich travels outside of Russia, we&#39;re hoping someone will turn him in," the FBI said. Don&#39;t bet on it. <br><br>Most Wanted Score: The FBI Ten Most Wanted Fugitives List was made for people like Semion Mogilevich. I&#39;m giving him a 9.5 out of 10. <br><br>--- <br><br>Peters writes Slate&#39;s crime blog. @slatecrime. <br><br>bc-crime-blotter </span>https://www.siliconinvestor.com/readmsg.aspx?msgid=290428488/6/2013 12:03:20 PM