Archive for September 2011

EK Eastman Kodak NOT going Bankrupt for now.

Kodak States No Intention to File for Bankruptcy
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Companies:
Eastman Kodak Company Common St

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EK 0.78 -0.91
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Press Release Source: Kodak On Friday September 30, 2011, 5:01 pm

ROCHESTER, N.Y.–(BUSINESS WIRE)– Eastman Kodak Company (NYSE:EK – News), in response to rumors circulating in the capital markets, issued the following statement:

“Kodak is committed to meeting all of its obligations and has no intention of filing for bankruptcy. The company also continues to actively pursue its previously announced strategy to monetize its digital imaging patent portfolio. Kodak remains focused on meeting its commitments to customers and suppliers, and on delivering on its strategy to become a profitable, sustainable digital company.

“It is not unusual for a company in transformation to explore all options and to engage a variety of outside advisers, including financial and legal advisers. Jones Day is one of a number of advisers that Kodak is working with in that regard.”

CAUTIONARY STATEMENT PURSUANT TO SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

Certain statements in this document may be forward-looking in nature, or “forward-looking statements” as defined in the United States Private Securities Litigation Reform Act of 1995. For example, references to the Company’s expectations regarding the following are forward-looking statements: revenue; revenue growth; gross margins; earnings; cash generation and usage; potential revenue, cash and earnings from intellectual property licensing; liquidity; bankruptcy; potential proceeds from asset sales.

Actual results may differ from those expressed or implied in forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, among others, the following risks, uncertainties, assumptions and factors as described in more detail in the Company’s Annual Report on Form 10-K for the year ended December 31, 2010, Quarterly Report on Form 10-Q for the quarters ended March 31, 2011, and June 30, 2011, under the headings “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Cautionary Statement Pursuant to Safe Harbor Provisions of the Private Litigation Reform Act of 1995″ and in other filings the Company makes with the SEC from time to time:

Continued weakness or worsening of economic conditions which could continue to adversely impact our financial performance and our liquidity;
Whether we are successful with the strategic investment decisions we have made which could adversely affect our financial performance;
Whether we effectively anticipate technology trends and develop and market new products to respond to changing customer preferences which could adversely affect our revenue and earnings;
The competitive pressures we face which could adversely affect our revenue, earnings and market share;
Whether our commercialization and manufacturing processes prevent product reliability, cost and quality issues which could adversely affect our revenue, earnings and market share;
Whether we are successful in licensing and enforcing our intellectual property rights or in defending against alleged infringement of the intellectual property rights of others which could adversely affect our revenue, earnings, expenses and liquidity;
Whether we can raise sufficient proceeds from the sale of our digital imaging patents;
Whether we can generate or raise cash and maintain a cash balance sufficient to fund our continued investments, capital needs, restructuring payments and service our debt;
Whether our pension and postretirement plan costs and contribution levels are impacted by changes in actuarial assumptions, future market performance of plan assets or obligations imposed by legislative or regulatory authorities which could adversely affect our financial position, results of operations and cash flow;
Whether we are successful in attracting, retaining and motivating key employees which could adversely affect our revenue and earnings;
Changes in currency exchange rates, interest rates and commodity costs which could adversely impact our results of operations and financial position;
Whether we are able to provide competitive financing arrangements or extend credit to customers which could adversely impact our revenue and earnings;
Our reliance on third party suppliers which could adversely affect our revenue, earnings and results of operations.

The Company cautions readers to carefully consider such factors. Many of these factors are beyond the Company’s control. In addition, any forward-looking statements represent the Company’s estimates only as of the date they are made, and should not be relied upon as representing the Company’s estimates as of any subsequent date. While the Company may elect to update forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, even if its estimates change.

Any forward-looking statements in this document should be evaluated in light of the factors and uncertainties referenced above and should not be unduly relied upon.

Contact:

Financial Media:
Kodak
Gerard Meuchner, + 1 585-724-4513
gerard.meuchner@kodak.com
or
Christopher Veronda, +1 585-724-2622
christopher.veronda@kodak.com

POTG And GEAR Update!

Howdy all roaches!

POTG (Portage resources) managed to feed both the bulls AND the bears today. I just love a play that offers a little something for everyone, don’t you? The bulls were fed during market open when it was all you could buy at .27 and .28 and the angry and determined bulls came out swinging to take POTG up to a very nice scalp trade high of .359 for GAINS UPWARDS OF 28% in less than an hour! Then the bulls started to lose it a bit during midday trading as early buyers started taking some off the table. 

The bears waited patiently for their time to feed, and they took some very nice servings of POTG at .34-.31. The bulls fought back with some ammo that they had left, but by that time the bears had laid out a trap, and the bulls were caught in a dilemna as profit takers scrambled to take their hard earned gains and ran while the going was good. Can’t say that I blame them.

The bears are banking on POTG trickling back down to around .15, and once they have a stranglehold with weak buying pressure and a lot of profit takers, they just might hit their target and then some. So trade POTG with caution at this point if you are playing, and should POTG break under .29 support things could get ugly really fast for the bulls because the bears can stomp on it very easily at that point in my humble roachy opinion.

POTG however managed to close above that .29 tentative support with flippers trading the volatility and the bulls came back strong during power hour to maintain a close above the support level, so bears watch for a break down of .29, and bulls keep an eye out for that resistance break at .36-40.

Before I get to GEAR, just another reminder to SIGN UP! We have some suprises and incentives in store for our members. It’s FREE and comes with a 100% no SPAM guarantee.

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GEAR (GolfGear International) moved along nicely today on very light volume, so it shows me that once some real volume hits, this puppy has a chance to kick some ass and take some names in the process. Closing up at a very ROACHY 35% power hour HIGH on a Friday and with rumors of it being one hot play in Oct. I wouldn’t take my eyes off of this one if I were you.

That’s Senorita’s Friday recap, and I hope you all enjoy your weekends!

Senorita “Everybody’s working for the weekend” Roachita

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Portage Resources Inc., Through It’s Wholly Owned Subsidiary Portage Minerals S.A., Signs Definitive Agreement to Acquire a Majority Share of the Rocas #2 Concession Totaling the Rocas Potentials to Now Over 3.5 Billion Dollars in Gold Reserves

Portage Resources Inc., Through It’s Wholly Owned Subsidiary Portage Minerals S.A., Signs Definitive Agreement to Acquire a Majority Share of the Rocas #2 Concession Totaling the Rocas Potentials to Now Over 3.5 Billion Dollars in Gold Reserves


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Companies:
PORTAGE RESOURCES
Topics:
Mergers & Acquisitions

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POTG.PK 0.25 0.00
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Press Release Source: Portage Resources Inc. On Friday September 30, 2011, 9:00 am

LIMA, Peru, Sept. 30, 2011 /PRNewswire/ — Portage Resources Inc., through its wholly owned subsidiary Portage Minerals S.A. (“Portage” or the “Company”) (POTG-OTCQB), has signed a definitive agreement with Nilam Resources S.A. to acquire 55% of the Rocas #2 project “aka” concession Ruth RB code 010516107 in the Chiquian district, Department of Ancash.

This concession consists of 200 hectares and is completely surrounded by approx. 3000 hectares of mining properties controlled by industry giant BHP and is located 36 km west of the great Antimina/Pierina project that has produced upwards of 10 million ounces of gold since 1996.

Portage Resources Inc. President and CEO Paul Luna stated, “Preliminary Independent lab results indicated lower grades of gold and silver but massive volume results. As announced previously, the Rocas #1 shows potential of $2.5 Billion dollars, and Rocas # 2 is smaller in dimensions with indicated potentials of over $1 Billion Dollars in reserves, thus making potential reserves of over $3.5 Billion Dollars in the immediate area. The independent lab figures are compounded with the Pierina 10 million ounce production results, the massive presence of BHP, the Rocas #1 opinions previously announced coupled with the Rocas # 2 acquisition. I am glad to report that negotiations moved quickly after the Rocas #1 acquisition and we were able to secure the Rocas #2 concession as another great addition to the Portage portfolio.”

The terms of this acquisition include a minimum investment of $50,000 USD or 200 meters drilling within 24 months of all permits and registry. Further, the additional 45% of the project can be acquired at any time for $0.675 per each ounce of silver on the total silver resource. Nilam Resources will also receive a one time payment of three and a half million shares of Portage Resources Inc.

About Portage Resources Inc.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties, the Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol: OTCQB – POTG www.portageresourcesinc.com

FORWARD-LOOKING STATEMENTS: “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company’s business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company’s business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company’s Securities and Exchange Commission filings under “risk factors” and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

Contact: Financial Insights
Toll Free: 1-888-824-6757
potg.investors@gmail.com

Sale of Substantially All of Blockbuster’s Assets to DISH Network Corporation Completed Stocks Trading Under Symbols BLOAQ and BLOBQ Are Not Securities of DISH or New Blockbuster


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Sale of Substantially All of Blockbuster’s Assets to DISH Network Corporation Completed
Stocks Trading Under Symbols BLOAQ and BLOBQ Are Not Securities of DISH or New Blockbuster

Companies:
BLOCKBUSTER INC
BLOCKBUSTER INC CL B
DISH Network Corporation

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BLOAQ.PK 0.2018 0.00
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Press Release Source: Blockbuster Inc. On Thursday September 29, 2011, 12:48 pm EDT

DALLAS, Sept. 29, 2011 /PRNewswire/ — As previously announced, on April 6, 2011, DISH Network Corporation (“DISH”) agreed to purchase substantially all of Blockbuster Inc.’s assets (the “Asset Sale”). The sale closed on April 26, 2011 and ongoing business operations are being managed by Blockbuster L.L.C. (“New Blockbuster”), which is an affiliate of DISH and a non-debtor entity. As a result of the Asset Sale, BB Liquidating Inc. (f/k/a Blockbuster Inc.) (“Parent”) and its debtor affiliates (collectively, the “Debtors”) have no further business operations nor assets to liquidate. None of the publicly owned stocks issued by Parent prior to the commencement of these chapter 11 cases, including its Class A and Class B common stock, which are currently trading on the OTCQB under the symbols BLOAQ and BLOBQ, respectively, are or will become securities in DISH or New Blockbuster, which are independent, non-debtor companies.

As detailed in Parent’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on July 12, 2011, the Debtors continue to remind investors of their strong belief that there will be no value for the common stockholders in the bankruptcy liquidation process, even under the most optimistic of scenarios. Stockholders of a company in chapter 11 generally receive value only if all claims of the company’s secured and unsecured creditors are fully satisfied. In these cases, because the Asset Sale proceeds are significantly less than the Debtors’ administrative liabilities, the Debtors anticipate that Parent stockholders will receive no value for their shares of its common and preferred stock. Accordingly, even though the Parent’s common stock continues to be quoted on the Pink Sheets under the symbols BLOAQ and BLOBQ, it has no value and Parent’s stockholders should not view the trading activity of its common stock on the Pink Sheets or any other market or trading platform as being indicative of the value Parent’s stockholders will receive as part of the chapter 11 cases or in connection with any subsequent chapter 7 liquidation. The Debtors are in the process of changing their ticker symbol.

At this time, the Debtors are focused on the efficient and expeditious wind down of their chapter 11 estates. Once the Debtors conclude their wind down efforts, the Debtors anticipate seeking dissolution of their corporate existence and canceling the shares of all common and preferred stock issued by the Parent.

Fannie Mae Releases August 2011 Monthly Summary

Fannie Mae Releases August 2011 Monthly Summary


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Companies:
FANNIE MAE

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FNMA.OB 0.24 0.00
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Press Release Source: Fannie Mae On Friday September 30, 2011, 9:08 am

WASHINGTON, Sept. 30, 2011 /PRNewswire/ — Fannie Mae’s (OTC Bulletin Board:FNMA.ob – News) August 2011 Monthly Summary is now available at www.fanniemae.com/ir/monthly. The monthly summary report contains information about Fannie Mae’s monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications.

Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America’s secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.

2 Stocks That You Might Want To Pay Attention To Today POTG and GEAR.

TGIF mi amors!

Today your Senorita is going to feed both the Bulls and da Bears! I’m taking a look at 2 stocks today. I’m going to start out with the one that I feel will be taking the ole crap-a-roo.

The bears might be interested to know that POTG (Portage resources) is looking a bit weak with news out on a Friday, and after a tremendous run from .10 to a high just over .26 POTG might not be able to hold any gains if it cannot break the .28 resistance on the daily charts. If you are looking for a short sell opportunity, I’d say to keep a close eye on the .28 – .30 levels for a potential ride down to about .10-.12. I must stress that with shorting your losses can be infinite, so please be careful because you never know when the bulls will be ready to charge back if you shake the sugar tree a little too hard.

Next up on Senorita’s list, it’s something for the bulls to chew on. I’m watching GEAR (GolfGear International) another precious metals jr. mining play but this one has the potential to go up, not down. There’s rumors flying that GEAR is knee deep in gold and silver that could potentially be worth MILLIONS of duckets. It’s still in it’s infancy stages and is also rumored to be a low floater so it can move rapidly in both directions with even minuscule buying or selling pressure.

Before I get to the support and resistance levels for GEAR, I would like to remind everyone to SIGN UP for the newsletter because we will be coming out with a little surprise that will only be available to registered members of our FREE NO SPAM newsletter.

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Support for GEAR comes in at .08, and resistance lies ahead at .18. I personally would look for an entry of about .09-.11 if I were to play.

Those are the 2 stocks that your Senorita has on her watchlist for today and going into next week. Good luck my rrrrrrrroaches, and I’ll see you on Monday.

Senorita “Eureka” Roachita

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Portage Resources Inc. Adds Geologist Steven L. Park, M.Sc., CPG to the Portage Team of Experts in Peru

Portage Resources Inc. Adds Geologist Steven L. Park, M.Sc., CPG to the Portage Team of Experts in Peru
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Companies:
PORTAGE RESOURCES

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POTG.PK 0.2549 +0.0449
Chart for PORTAGE RESOURCES
Press Release Source: Portage Resources Inc. On Thursday September 29, 2011, 2:44 pm EDT

LIMA, Peru, Sept. 29, 2011 /PRNewswire/ — Portage Resources Inc. (“Portage” or the “Company”) (POTG-OTCQB) has added Steven L. Park M.Sc., CPG to the Portage team of experts in Peru.

Mr. Park is a well respected and established geologist in Peru. Steven was educated in the U.S, but has been working and living in Peru for the last 15 years. Steven is fluent in both English and Spanish, has family roots in Peru and is a fixture of the Peruvian mining community.

Portage management was familiar with Mr. Park over the many years in the Peruvian mining community as Mr. Luna and others have been colleagues of Steven in the past. The Portage shareholders may be familiar with Steven, as he was responsible for the N 43-101 report on the Wukakuy Properties.

The resume of Mr. Park is impeccable and is highlighted by the following;

15 year of service in Peru, speaks both English and Spanish, total of 30 years experience in mineral exploration in both North & South America
5 years as a qualified person writing NI 43-101 reports
Managed geological exploration programs for Barrick Gold from 94-97
Certified professional geologist thru the American Institute of Professional Geologists, graduated in 1983 from McKay School of Mines in Reno, Nevada with a Master of Science Degree – Geology

Portage Resources President and CEO expressed his elation by stating,” The addition of Steven is an enormous event for Portage as Steven is well acquainted with the company through his past workings, including the Wukakuy Properties. Steven understands our vision and expectations of responsible growth. I am both excited and am looking forward to working with Steven for many successful years to come.”

About Portage Resources Inc.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties, the Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol: OTCQB – POTG
www.portageresourcesinc.com

FORWARD-LOOKING STATEMENTS: “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company’s business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company’s business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company’s Securities and Exchange Commission filings under “risk factors” and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

Contact: Financial Insights
Toll Free: 1-888-824-6757
potg.investors@gmail.com

SiriusXM to Launch Sixth Season of Live Broadcasts from the Metropolitan Opera Starting with the Met’s Opening Nigh

SiriusXM to Launch Sixth Season of Live Broadcasts from the Metropolitan Opera Starting with the Met’s Opening Night Gala

Metropolitan Opera Radio listeners to hear Donizetti’s “Anna Bolena,” starring Anna Netrebko, broadcast with live backstage interviews and red carpet coverage of the Met’s September 26 Opening Night Gala

NEW YORK, Sept. 23, 2011 /PRNewswire via COMTEX/ — Sirius XM Radio (NASDAQ: SIRI) today announced that its Metropolitan Opera Radio channel will broadcast its sixth season of live performances from the Metropolitan Opera, beginning with the Russian soprano Anna Netrebko’s starring appearance in the company premiere of Donizetti’s Anna Bolena on Monday, September 26 at 6:00 pm ET on SiriusXM channel 74. The live broadcasts will be hosted by Margaret Juntwait, joined by commentator William Berger.

(Logo: http://photos.prnewswire.com/prnh/20101014/NY82093LOGO)

SiriusXM will broadcast more than 100 live performances, including each opera from the Met’s 2011-12 season, and will feature up to three live broadcasts a week over the company’s 34-week season. SiriusXM listeners will hear seven new productions, including Anna Bolena, the world premiere of The Enchanted Island, and 19 revivals.

New this season, Met Opera Radio will offer “This Month at the Met,” an inside look at what’s happening at the Met with interviews, music, and a monthly chat with Met General Manager Peter Gelb. It will launch Sunday, October 2 at 9:00 pm ET.

In the six seasons since it began in 2006, Metropolitan Opera Radio on SiriusXM has aired over 480 live performances and 700 broadcasts from the Metropolitan Opera’s archives, many of which have been digitally remastered from live recordings going back as far as the 1930s.

A schedule of this season’s Metropolitan Opera Radio broadcasts on SiriusXM is available at www.siriusxm.com/metropolitanoperaradio and also at the Met’s web site www.metopera.org on the Watch and Listen page.

For more information about the Metropolitan Opera, please visit www.metopera.org

About Sirius XM Radio

Sirius XM Radio is America’s satellite radio company. SiriusXM broadcasts more than 135 satellite radio channels of commercial-free music, and premier sports, news, talk, entertainment, traffic, weather, and data services to over 21 million subscribers. SiriusXM offers an array of content from many of the biggest names in entertainment, as well as from professional sports leagues, major colleges, and national news and talk providers.

SiriusXM programming is available on more than 800 devices, including pre-installed and after-market radios in cars, trucks, boats and aircraft, smartphones and mobile devices, and consumer electronics products for homes and offices. SiriusXM programming is also available at siriusxm.com, and on Apple, BlackBerry and Android-powered mobile devices.

SiriusXM has arrangements with every major automaker and its radio products are available for sale at shop.siriusxm.com as well as retail locations nationwide.

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results may differ materially from the results anticipated in these forward-looking statements.

The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statement: our competitive position versus other forms of audio and video entertainment; our ability to retain subscribers and maintain our average monthly revenue per subscriber; our dependence upon automakers and other third parties; our substantial indebtedness; and the useful life of our satellites, which, in most cases, are not insured. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2010, which is filed with the Securities and Exchange Commission (the “SEC”) and available at the SEC’s Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.

Follow SiriusXM on Twitter or like the SiriusXM page on Facebook.

P-SIRI

Contact for SiriusXM Radio:Samantha BowmanSiriusXM Radio212 901 6644 samantha.bowman@siriusxm.com

SOURCE Sirius XM Radio

www.prnewswire.com

BLOAQ? More Like Broke.

Congrats to all BLOAQ players that made some money off this highly volatile and ballsy play. Unfortunately, it looks like BrokeBusted’s annual, “Screw a shareholder.” event is over.

“As detailed in Parent’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on July 12, 2011, the Debtors continue to remind investors of their strong belief that there will be no value for the common stockholders in the bankruptcy liquidation process, even under the most optimistic of scenarios.”

Read more here: http://finance.yahoo.com/news/Sale-of-Substantially-All-of-prnews-4034389286.html?x=0&.v=1

Looks like that could be the fat lady singing. Them’s the risk that you take boys and girls, so never play with more than you can afford to lose.

Senorita “Ooh that’s gotta hurt” Roachita

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LBAS PocketFinder GPS Vehicle Locators Pinpoint Pet Bloggers’ Adventures on Their Way to BarkWorld Expo in Subarus


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PocketFinder GPS Vehicle Locators Pinpoint Pet Bloggers’ Adventures on Their Way to BarkWorld Expo in Subarus
businesswire

Companies:
LOCATION BASED TECHS

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Symbol Price Change
LBAS.OB 0.8940 +0.0090
Chart for LOCATION BASED TECHS
Press Release Source: Location Based Technologies On Wednesday September 28, 2011, 8:00 am EDT

ATLANTA–(BUSINESS WIRE)– Two lucky pet owners will be test driving new 2012 Subaru Foresters from their homes to BarkWorld Expo 2011 in Atlanta, Ga. on September 29 outfitted with PocketFinder® GPS Vehicle Locators that allow fellow attendees and pet lovers to follow the pets (and their owners) along the route.

PocketFinder Vehicle is easy to install and use. Once activated, the PocketFinder devices pinpoint their location on a satellite map that can be viewed over the Internet via a computer or web-enabled smartphone. For BarkWorld, a special account has been created that pet lovers across the world can access to follow the Subaru adventure. Click on PocketFinder’s banner from the BarkWorld website www.barkworldexpo.com or sign in from www.pocketfinder.com User ID: barkworld, Password: password.

“As a socially aware pet parent myself, I’m thrilled to be working with PocketFinder to showcase their GPS Vehicle Locators for our Social Petworking™ community,” said Denise Quashie, founder of BarkWorld Expo.

“BarkWorld is a fun way to demonstrate our PocketFinder GPS vehicle location device,” said Dave Morse, CEO of Location Based Technologies, Inc. which develops and manufactures all PocketFinder products. “It illustrates how our devices help people keep in touch with loved ones.”

PocketFinder Vehicle easily attaches to automobiles, recreational vehicles, motorcycles, boats, snowmobiles, jet skis—virtually any powered vehicle. In a highly mobile society, it’s more important than ever to be connected with the people, pets and things one cares most about.

Parents can enjoy peace of mind knowing they can locate their loved ones at any time or receive email and SMS text alerts based on speeds and established zones. These devices give teen and senior drivers confidence knowing they can be found in any emergency. Parents can also virtually remain in the passenger seat and help their new driver become a better driver. Businesses save money with reduced fuel consumption, better customer service and time management, lower liability, and reduced overtime.

MSRP for PocketFinder Vehicle is $189.95, with a monthly service charge of $12.95 for online access.

Also on September 29, 2011, Location Based Technologies, Inc. will host a free live demonstration of PocketFinder units during a special webinar from 1:30 pm-2:15 pm PDT. Register at www.pocketfinder.com.

About BarkWorld Expo

BarkWorld Conference & Expo (BarkWorld) is the national pet social media conference covering all facets of social media, pet education, lifestyle awareness, and networking for the pet community. It was established in 2009 for socially aware pet owners, bloggers, and those connected to the industry as an entertaining, yet highly-educational, forum. BarkWorld is an extremely important aspect to mobilizing the new media efforts of pet social media and to address the increasing challenges faced by the pet industry. For additional information, visit www.barkworldexpo.com.

About Location Based Technologies

A publicly traded company, Location Based Technologies (OTCBB:LBAS.ob – News) designs and develops PocketFinder personal locator devices for a highly mobile society. PocketFinder devices provide an easy solution to helps people use technology to stay connected to what they value most—loved ones, pets, vehicles and assets—at any time from almost anywhere. PocketFinder products include the GPS Vehicle Locator, Personal GPS Locator and GPS Pet Locator. For more information, visit http://www.pocketfinder.com.

PocketFinder and Location Based Technologies, Inc. are trademarks of Location Based Technologies, Inc. registered in the US and other countries.