3SOF

:o Something is up.
Volume up big on Friday,with some price movement.
I will have my eye on this tomorrow morning.

BUSINESS SUMMARY   
CellStar Corporation operates as a distribution and value-added logistics services provider to the wireless communications industry in Asia-Pacific, North American, and Latin American regions. Its distribution services include purchasing, selling, warehousing, picking, packing, shipping, and delivery of wireless handsets and accessories. The company offers value-added services, such as inventory management, inventory purchasing, warehousing, shipping, custom packaging and kitting, programming, one-off fulfillment, channel management systems, reverse logistics and repair, Web-enabled systems solutions, and online ordering and reporting. In addition, the company provides private labeling services for handsets and accessories, and activation services for wireless carriers. CellStar markets its products directly, as well as through trade shows, advertising, and incentives to retail and wholesale customers. The company's customers include wholesale purchasers, such as retailers, exporters, and wireless carriers. The company was formed in 1993 and is headquartered in Carrollton, Texas.

Press Release Source: CellStar Corporation


CellStar Announces Results of Audit Committee Review
Monday August 1, 5:57 pm ET


CARROLLTON, Texas, Aug. 1 /PRNewswire-FirstCall/ -- CellStar Corporation (OTC Pink Sheets: CLST - News) announced today that the Audit Committee of the Company's Board of Directors has finished its review of accounts receivable and revenue issues in the Company's Asia-Pacific region. Independent counsel and independent forensic accountants assisted the Audit Committee in its review. The review by the Audit Committee reported the following:

     *  In the first quarter of 2004, there were efforts to aggressively
        promote sales in the Peoples Republic of China (PRC) in an effort to
        promote a then planned initial public offering for the PRC operations
        on the Hong Kong Exchange.
     *  During the second quarter of 2004, the Company's operations in the PRC
        booked sales of inventory that had not been sold.  Certain PRC
        employees took steps to conceal this fact from the Company's auditors.
     *  During the 2004 IPO period, the PRC operations may have sold products
        to its distributors at prices that were higher than market prices and
        deferred rebates to inflate revenues.  Prior practice had been to
        price products at the then-prevailing market price.
     *  The Company failed to properly accrue for rebates offered to its
        distributors in the People's Republic of China.  It was concluded that
        this failure was due to accounting errors and internal controls
        deficiencies.
     *  Some sales by the PRC operations since 2000 were made on extended
        credit terms with neither written agreements nor terms of payment
        defined.  As a result of this, sales were inappropriately recorded.

Management believes that substantially all the employees known to be involved with concealing information from the Company's auditors are no longer with the Company. The need for further personnel actions is being evaluated.

The Audit Committee's report identified weaknesses in internal controls related to corporate governance and oversight and also weaknesses related to revenue recognition, rebate claims, inventory, and accounts receivable in the PRC operations. The Audit Committee has asked that management remediate these weaknesses.

The Company previously announced that management believes that it will be required to restate its previously reported financial results for the fiscal years 2000 to 2003 and for the quarters ended February 29, May 31, and August 31, 2004 and that investors should not rely on the financial statements contained in the Company's Annual Reports on Form 10-K for the years ended November 30, 2001, 2002, and 2003, including the auditors' reports on those financial statements, and the Company's Quarterly Reports on Form 10-Q for the quarters ended in those periods and for the quarters ended February 29, May 31, and August 31, 2004.

The Company and its auditors are continuing to evaluate how the findings in the Audit Committee report will affect the restatement of the Company's financial results and financial statements. The financial information in the Company's news release issued May 5, 2005, will change, and the changes may be material.

Might want to see some of the background on the company from a few months back (Nasdaq delisting and delayed release of financials):



CellStar Announces Nasdaq Delisting Notification (06/08/2005)


FOR IMMEDIATE RELEASE 2005-23



CELLSTAR ANNOUNCES NASDAQ DELISTING NOTIFICATION


CARROLLTON, TEXAS, June 08, 2005 – CellStar (Nasdaq: CLSTE), a value-added wireless logistics services leader, today announced that the Company received notification from the Nasdaq Listing Qualifications Panel that its request for an extension to file its Form 10-K for fiscal 2004 and Form 10-Q for the first quarter of 2005 has been denied. Accordingly, the Company's common stock will be delisted from The Nasdaq Stock Market effective with the open of business on Friday, June 10, 2005.

The Company has been unable to file its Form 10-K for fiscal 2004 and Form 10-Q for the first quarter of 2005 as a result of accounting issues related to certain accounts receivable and revenues in its Asia Pacific Region. As a result, the Company received a Nasdaq Staff Determination notice for each of the periods indicating that the Company had violated The Nasdaq Stock Market's continued listing requirement set forth in Marketplace Rule 4310(c)(14). The Company had requested that The Nasdaq Stock Market stay its delisting proceedings and grant the Company until May 31, 2005, to file its Form 10-K and as soon as possible thereafter, its Form 10-Q. On May 26, 2005, the Company announced that it would be unable to file its Form 10-K for fiscal 2004 by May 31, 2005. The Audit Committee of the Company's Board of Directors needs more time to complete its independent review of certain accounts receivable and revenue issues in the Asia Pacific Region.

The Company has the option to request that the Nasdaq Listing and Review Council review this decision. However, such request will not operate as a stay of the Panel's decision. The Company has not determined at this time whether to request further Nasdaq review.

As a result of the delisting, the Company's common stock may be quoted in the Pink Sheets, which provide electronic quotation information. However, the Company can give no assurance the common stock will be so quoted.

On June 1, 2005, the Company announced that it had obtained a waiver from its lenders under its domestic revolving credit facility to extend the date to file its Form 10-K for fiscal 2004 and its Quarterly Report on Form 10-Q for the first quarter of 2005 to July 15, 2005. The Company has also retained the services of Raymond James & Associates, Inc. to act as its investment banking advisor to assist the Company with the evaluation of its financial and strategic alternatives.

About CellStar Corporation
CellStar Corporation is a leading global provider of value-added logistics services to the wireless communications industry, with operations primarily in the North American, Latin American and Asia-Pacific regions. CellStar facilitates the effective and efficient distribution of handsets, related accessories and other wireless products from leading manufacturers to network operators, agents, resellers, dealers and retailers. CellStar also provides activation services in some of its markets that generate new subscribers for wireless carriers. Additional information about CellStar may be found on its Web site at www.cellstar.com.

This news release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. A variety of risk factors, including the Company's ability to implement its business strategies, to maintain its channels of distribution, continue to secure an adequate supply of competitive products on a timely basis and on commercially reasonable terms, improve its operating margins, secure adequate financial resources, maintain an adequate system of internal control, comply with debt covenants, and continually turn its inventories and accounts receivable, as well as changes in foreign laws, regulations and tariffs, new technologies, system implementation difficulties, competition, handset shortages or overages, terrorist acts, a decline in consumer confidence and continued economic weakness in the U.S. and other countries in which the Company does business and other risk factors, are discussed in the Company's Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q. Any one, or a combination of these risk factors could cause CellStar's actual results to vary materially from anticipated results or other expectations expressed in the Company's forward-looking statements.

Contact: Sherrian Gunn
972-466-5031
[email protected]

They have been House Cleaning, So this may help the stock out.

*****************************************************************
Press Release Source: CellStar Corporation


CellStar Announces the Departure of Lawrence P. King
Monday July 25, 5:06 pm ET


CARROLLTON, Texas, July 25 /PRNewswire-FirstCall/ -- CellStar Corporation (OTC Pink Sheets: CLST - News), a value-added wireless logistics services leader, today announced that effective July 21, 2005, the Company has terminated the employment of Mr. Lawrence P. King. Mr. King was serving as President and Chief Operating Officer of the Asia-Pacific Region. At this time, the Company does not plan to fill the position.

*********************************************************************
bizjournals.com
CellStar fires chairman of Asia Pacific operations
Wednesday July 20, 1:31 pm ET


CellStar Corp. on Wednesday said it has fired the chairman of the holding company for its Asia Pacific operations.
Terry S. Parker's termination was effective July 14, said Carrollton-based CellStar.

The company said Parker's replacement would be announced at a later date.

CellStar (Pink Sheets: CLST - News), which distributes handsets, related accessories and other wireless products to the wireless communications industry, has had a host of troubles of late.

The company recently was delisted from the Nasdaq for failure to file some of its regulatory reports in a timely manner.

Earlier this month, Stanford Financial Group and its affiliates decided not to proceed with a deal to buy $25 million worth of CellStar's convertible debentures.

Web site: www.cellstar.com.

Published July 20, 2005 by the Dallas Business Journal
*******************************************************************
Press Release Source: CellStar Corporation


CellStar Announces the Departure of Terry S. Parker
Wednesday July 20, 9:30 am ET


CARROLLTON, Texas, July 20 /PRNewswire-FirstCall/ -- CellStar (OTC Pink Sheets: CLST - News), a value-added wireless logistics services leader, today announced that effective July 14, 2005, the Company has terminated the employment of Mr. Terry S. Parker. Mr. Parker was serving as Chairman of the Board of CellStar International Corporation/Asia, a Delaware subsidiary that acts as the holding company for the Asia Pacific operations. Mr. Parker's replacement on the Asia Board will be announced at a later date.

This pink sheet kicked ass today. ::)
Busted through the 50-day ema.

set,

How do you find these movers?  Do you use a screening service?

TIA.

3ps

I don't use anything special.I don't use any screening service.
The one thing I do use(and use greatly)is the,Medved Quote Tracker.
I fire this sucker up first thing every morning while I have my coffee.
I have an obscene amount of stocks listed on this tracker,pre-market one can see
which is moving.Also has other great tools with it.I'm in the market from the time I get up,to time for bed.Long days Monday -Friday.But the rewards have been high. ;)
Lot's of internet use, research.....just plain old hard work.
Plus there are a great number of traders here @ 3SOF that I have learned a great deal from.I feed off their knowledge.This site is something else,#1 on the net.I would not post any where else.

Hi Setravis,

Could you please explain which features on Medved Quote tracker u use? I also have it, along with a ton on symbols listed, but i really don't know how to use any of the features.
Is it the free version of medved or do u have to pay for special features?

Sorry for all the quesitons..but, if you ever have a spare moment (I know...you probably don't ;D, I read u work around the clock)...could you let me know which features are best to help u track down some potential movers and what I should be looking for.

I noticed you do pick alot of stocks that tend to move very nicely...so, I could just watch and wait for your posts  ;), but, it would be got if I in return could learn and eventuallly...possibly..help out here in the future too.

thanks very much and have a great weekend.

Oh and another nice pick with CLST!!

julia ;D

Julia,

Well said.  That's where I was headed next.  I have lists of stocks in Yahoo under favorite places and they have to be refreshed throughout the day.  It seems like there is a better way.

Thanks setravis for the tip on Medved.  I move between OTC websites, AMEX and NASDAQ and that takes time.  By the time you get back where you started, some of these stocks have moved up nicely while I was "making the rounds."

3ps

Hi 3puttssuck,

medved quotetracker comes is free i believe..i automatically get it with my trading platform, but i believe the basic version is free to all(i could be wrong on this )and that is what i have...i think u have to pay for certain features.
But, it is a live feed, so there is no refreshing required and u can set up alerts for low prices, high prices, news etc. which is great.
So, not sure if you understood that, as u are saying you move between websites, amex, nasdaq etc....on medved you can list any stock from any exhchange.

So, not sure if thats what u understood or not...sorry, if i misinterrupted you ;D.

I just don't know how to use the charts properly, and if there are any other features that i should be using (that i get free) with my medved to help me better locate and be alerted to any possible stocks looking to move up.

just in case you need it here is download  link for medved quote tracker:

http://www.quotetracker.com/index.asp

goodluck..and if u learn anything interesting on it...please share!! :D

thanks...happy trading

julia

I also use the Medved.

I started out with the free version, but found the adverticement so annoying that I was happy to get rid of them by paying the small fee.

I use e*trade (Denmark) for trading, but unfortunately can't combine the realtime from there with the Quotetracker.

Other than that it seems like a fine and very flexible program, and Jerry Medved has been very helpful and quick to answer when I had some problems.

I still check in on yahoo a couple of times during the day, and even the message-boards - there are a few of them with good info...and one can always use the "ignore" on the most offensive contributors  ;D

I'm also looking fwd. to hear from others and hints on how to use all the features.

Cheers.

I'll settle for this.
Just wish there would be some more volume.

******************************************************

CELLSTAR CORP (Other OTC:CLST.PK) Delayed quote data 

Last Trade: 0.95
Trade Time: 3:14PM ET
Change:  0.17 (21.79%)
Prev Close: 0.78
Open: 0.80
Bid: N/A
Ask: N/A
1y Target Est: N/A

  Day's Range: N/A - 0.95
52wk Range: N/A
Volume: 376,258
Avg Vol (3m): N/A
Market Cap: 19.35M
P/E (ttm): N/A
EPS (ttm): -0.20
Div Yield (ttm): N/A (N/A)

set,

What do you make of this chart?  It looks like CLST fell down the stairs after the NASDAQ delisting in June.  Now it's right back where it was before the fall.  The only trend I can spot is down until the big 'stick on August 15.

I'm trying to add chart notes but I haven't figured out how to save the darn things.  Do you have to be a stockcharts subscriber???

I'm tempted to get in but frankly, I'M SCARED!

3ps

3puttssuck,I think you have to be a subscriber for what you are referring to on stockcharts.com

It was another nice day for this pup.
Break of the $1, and closed @ $1.10

set,

Thanks for the reply.  That explains that!

Great call on CLST (applaud).  Another great day thus far +20%.  Just think if the volume really kicks in?  I'm not in - I expected it to fall but I was wrong.

CLST looks like g-pattern action with the Aug 15 candle but I'm still familiarizing myself with that pattern.  Though the volume was average on that date.

OT: Entered UCHB today.  I like the chart, especially the 50dma crossing the 200dma.  Hoping it launches off this 0.21 line.

3ps

A good day Wednesday for this stock.

What happen to 3SOF site yesterday ???A

awesome pick (applaud) ;)
unfortunately didn´t read all recommendations  :-\

what is your target price after 200% up?

Setravis..you're an awesome picker!

I wish I had cash to play your picks! I at least have fun (with a little regret :D) at watching your stocks take off...u just have a nose for these things..u sniff them out amazingly.

Applause!

thanks very much,

julia

Quote from: la-onda on August 25, 2005, 08:28:44 AM
awesome pick (applaud) ;)
unfortunately didn´t read all recommendations  :-\

what is your target price after 200% up?

Thanks for the kind words.
I don't have a target set,I will just watch things close and let the chart
tell when to sell.
Some possible target numbers.....$2.25.......2.50.......3.00

Quote from: gmarc66 on August 25, 2005, 08:37:39 AM
Setravis..you're an awesome picker!

I wish I had cash to play your picks! I at least have fun (with a little regret :D) at watching your stocks take off...u just have a nose for these things..u sniff them out amazingly.

Applause!

thanks very much,

julia

Thank you Julia for all the nice words.
You are to kind! ;)
Good luck with you trades ;D

CELLSTAR CORP (Other OTC:CLST.PK) Delayed quote data 

Last Trade: 1.85
Trade Time: 11:38AM ET
Change:  0.11 (6.32%)
Prev Close: 1.74
Open: 1.93
Bid: N/A
Ask: N/A
1y Target Est: N/A

  Day's Range: 1.77 - 1.93
52wk Range: N/A
Volume: 620,515
Avg Vol (3m): N/A
Market Cap: 37.68M
P/E (ttm): N/A
EPS (ttm): -0.20
Div & Yield: N/A (N/A)

Ran into resistance here at the $2.00 area.
Plus after a run we have some profit taking.If it does not hold I will be
taking mine as well.I want to see what Monday has to offer.
Can it break the 200-day ema?

Last Price Quote is:
49.99%above 13-day EMA
62.32%above 50-day EMA

OK

CELLSTAR CORP Earnings Conference Call (Q4 2004)
Scheduled to start Wed, Sep 7, 2005, 9:00 am Eastern

Press Release Source: CellStar Corporation


Webcast Alert: CellStar Corporation Invites You to Join Its Year End 2004 Earnings Release and Conference Call on the Web
Tuesday September 6, 9:00 am ET


CARROLLTON, Texas, Sept. 6 /PRNewswire-FirstCall/ -- In conjunction with CellStar Corporation (OTC Pink Sheets: CLST - News) Year End 2004 Earnings, you are invited to listen to a conference call that will be broadcast live over the Internet on September 7, 2005 at 8:00 a.m. Central.

     What:     CellStar Corporation Year End 2004 Earnings Release and
               Conference Call

     When:     September 7, 2005 at 8:00 a.m. Central

     Where:    http://www.cellstar.com

     How:      Simply log onto the event URL above

     Contact:  Sherrian Gunn at 972-466-5031

    About CellStar
CellStar Corporation is a leading global provider of value-added logistics services to the wireless communications industry, with operations primarily in the North American, Latin American and Asia-Pacific regions. CellStar facilitates the effective and efficient distribution of handsets, related accessories and other wireless products from leading manufacturers to network operators, agents, resellers, dealers and retailers. CellStar also provides activation services in some of its markets that generate new subscribers for wireless carriers. Additional information about CellStar may be found on its website at http://www.cellstar.com .

(Minimum Requirements to listen to broadcast: The Real Player software, downloadable free from http://www.real.com/realone/index.html?lang=en&loc=us , and at least a 28.8 kbps connection to the Internet.)




--------------------------------------------------------------------------------
Source: CellStar Corporation

Press Release Source: CellStar Corporation


CellStar Announces Filing Date for 2005 Quarterly Reports and Preliminary Results for First Half of 2005
Tuesday September 6, 7:37 pm ET


CARROLLTON, Texas, Sept. 6 /PRNewswire-FirstCall/ -- CellStar Corporation (OTC Pink Sheets: CLST - News), a value-added wireless logistics services leader, today announced it expects to file its Quarterly Report on Form 10-Q for the first, second and third quarters of 2005 on or before October 11, 2005, at which time, the Company will be current with its SEC filings. The Company has received a waiver from its lenders extending the filing date for the first and second quarters of 2005 to October 18, 2005.


By the end of September 2005, the Company expects to have completed the exit of its operations in the Asia-Pacific Region. Therefore, when the Company files its Quarterly Reports for the first three quarters of 2005 on or before October 11, 2005, the Asia-Pacific Region will be reported as discontinued operations.

The Company's North America Region is expected to report revenues of approximately $206.0 million with operating results around break-even in the first half of 2005 compared to revenues of $211.0 million and operating income of $1.6 million in the first half of 2004.

The Company's Latin America Region is expected to report revenues of approximately $280.0 million and operating income of approximately $5.0 million in the first half of 2005 compared to revenues of $175.0 million and operating income of $3.3 million in the first half of 2004. Revenues in Mexico are expected to be up $41.0 million and revenues in the Company's Miami operation are expected to be up $82.0 million compared to the first half of 2004.

The Company will schedule a Conference Call in October to discuss the financial results for the first three quarters of 2005 following the filing of the Quarterly Reports on Form 10-Q.

Well at least my day wasn't all bad...

Could be getting warmed up for Monday.
+18.24%.......Volume @.....120,303..need some more coming in.

Quote from: setravis on August 25, 2005, 09:59:46 AM

Quote from: la-onda on August 25, 2005, 08:28:44 AM
awesome pick (applaud) ;)
unfortunately didn´t read all recommendations  :-\

what is your target price after 200% up?

Thanks for the kind words.
I don't have a target set,I will just watch things close and let the chart
tell when to sell.
Some possible target numbers.....$2.25.......2.50.......3.00

Breakout to the upside from this Rectangle (continuation) Pattern.
Crossover of the 50/200 dma is looming.

Technicals
Percentage Gainer

Last Price Quote is:
39.01%above 13-day EMA
76.86%above 50-day EMA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $45.94 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: LT Buy

Rectangle (Continuation) Pattern
A rectangle is a continuation pattern that forms as a trading range during a pause in the trend. The pattern is easily identifiable by two comparable highs and two comparable lows. The highs and lows can be connected to form two parallel lines that make up the top and bottom of a rectangle. Rectangles are sometimes referred to as trading ranges, consolidation zones or congestion areas.

There are many similarities between the rectangle and the symmetrical triangle. While both are usually continuation patterns, they can also mark trend significant tops and bottoms. As with the symmetrical triangle, the rectangle pattern is not complete until a breakout has occurred. Sometimes clues can be found, but the direction of the breakout is usually not determinable beforehand.

Rectangles represent a trading range that pits the bulls against the bears. As the price nears support, buyers step in and push the price higher. As the price nears resistance, bears take over and force the price lower. Nimble traders sometimes play these bounces by buying near support and selling near resistance. One group (bulls or bears) will exhaust itself and a winner will emerge when there is a breakout. Again, it is important to remember that rectangles have a neutral bias. Even though clues can sometimes be gleaned from volume patterns, the actual price action depicts a market in conflict. Only until the price breaks above resistance or below support will it be clear which group has won the battle.

Could not post this....web site down most of the day.
Took my profits on this one. Enjoyed the ride! :o
Did my sale of 12,500 shares make it go down that much?..... :D

Bought some shares this morning....@ 2.20   :D

Press Release Source: Obsidian Enterprises, Inc.


Investor Group Acquires Stake in Cellstar (Nasdaq: CLST)
Thursday February 23, 5:48 pm ET


INDIANAPOLIS, Feb. 23 /PRNewswire/ -- Timothy S. Durham, and Henri Najem both of Indianapolis, and Pat O'Donnell of Chicago, have announced that they have accumulated over 5% of the outstanding stock of Cellstar Corporation (OTC Pink Sheets: CLST - News), a large cell phone distribution company located in Carrolton, Texas. Together the group owns 1,249,000 of shares.
ADVERTISEMENT


Durham is Chairman and CEO of Indianapolis based Obsidian Enterprises and has major investments in over 20 different companies around the world. Obsidian Enterprises is a publicly traded holding company headquartered in Indianapolis, Indiana that invests in small and mid cap companies in basic industries such as manufacturing and transportation. Obsidian Enterprises, and its companies, can be found online at http://www.obsidianenterprises.com.

Najem is an individual investor and is the Proprietor of Bella Vita Restaurant on Geist Lake in Indianapolis, Indiana.

O'Donnell is retired from the UBS Investment Bank where he was the CIO and a member of its Management Board. He was at UBS (and its predecessors) from 1989 through 2003, where he served on various senior management and corporate governance bodies driving the operational and strategic direction of the firm. Over the last 2 years, he has been a private investor looking for under-priced small cap growth stocks.

"We believe that, as of late, the market value of Cellstar has been unreasonably depressed due to the Company's challenges in China. Nevertheless, their recent sale of their Asia Pacific division should pave the way for the company to begin growing and to return to profitability. They are in a growth industry, and we feel the company's share price is not reflective of the intrinsic value of the company," stated Durham.

Mr. O'Donnell added, "We hope to work with the company to return the company to its former glory, allowing it to be the preferred supplier of distribution and logistics services, as well as a premier workplace for its employees. These will be the first steps in leading to a superior return for its shareholders."

Durham and Najem most recently joined forces when they acquired a substantial stake in Brightpoint, announcing they had acquired over 5% of that company's stock in 2002.
--------------------------------------------------------------------------------
Source: Obsidian Enterprises, Inc.

This has been a Pink Beauty.....


Technicals
Close Above the 50-day EMA
Close Above the 13-day EMA
Stochastic - Bullish
Percentage Gainer

Last Price Quote is:
24.66%above 13-day EMA
33.20%above 50-day EMA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $51.48 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: LT Buy

Setravis, CLST is really a pink beauty.. this is a MAMA MIA!!! ;) :D ;D

Breakout from ascending triangle

Quote from: link=topic=2105.msg48948#msg48948 date=1141280286
Setravis, CLST is really a pink beauty.. this is a MAMA MIA!!! ;) :D ;D

Breakout from ascending triangle

Cool Terlisa,  8)


Technicals
Record Price High
Percentage Gainer

Last Price Quote is:
57.98%above 13-day EMA
89.97%above 50-day EMA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $59.89 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: LT Buy

Press Release Source: Obsidian Enterprises, Inc.


Durham, O'Donnell, Najem Increase Stake in Cellstar Corporation Over 8% and Expand Shareholder Group
Friday March 3, 12:15 pm ET


INDIANAPOLIS, March 3 /PRNewswire-FirstCall/ -- Timothy S. Durham, Chairman and CEO of Obsidian Enterprises, Inc. (OTC Bulletin Board: OBDE - News) today reported he and partners Pat O'Donnell and Henri B. Najem, Jr. have expanded their shareholder group in Cellstar Corporation (Pink Sheets: CLST - News) to include Terry Whitesell, President of Obsidian Enterprises, Anthony Schlichte, Executive Vice President of Obsidian Enterprises, Neil Lucas, an Indianapolis based attorney, David Tornek, Proprietor of Touch Restaurant in South Beach, Miami, Florida and Jonathan Swain, Vice President of Obsidian Enterprises.
 

The group total shares owned as of March 3, 2006 equaled 1,741,555 or approximately 8.4% of the total outstanding shares of Cellstar.

Nice Breakout and great follow through..... 8)

Technicals
Record Price High
Percentage Gainer

Last Price Quote is:
62.43%above 13-day EMA
104.29%above 50-day EMA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $59.89 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: LT Buy

Press Release Source: SmartVideo Technologies, Inc.


CellStar and SmartVideo Sign Distribution Agreement
Thursday March 9, 2:00 pm ET 
CellStar to Market SmartVideo's Value-Added Mobile Television Service to Mobile Carriers, MVNOs and Retailers Across the United States, Latin America and the Caribbean


COPPELL, Texas & ATLANTA--(BUSINESS WIRE)--March 9, 2006--SmartVideo Technologies (OTCBB: SMVD.OB - News), today announced that it has signed a distribution agreement covering the U.S., Latin America and the Caribbean with CellStar Corporation (OTC Pink Sheets: CLST - News), a leading distributor in the wireless communications industry.


Under the terms of the agreement, CellStar will distribute the SmartVideo Service to its cellular carrier partners and retailers throughout the U.S., Latin America and the Caribbean. As part of its logistical service, CellStar will pre-program the SmartVideo application on qualified handsets on behalf of its carrier customers. This Agreement streamlines the process for many of the regional carriers and MVNO (Mobile Virtual Network Operator) carriers to deliver world-class content services, increase data service ARPU, and increase subscriber retention.

Commenting on this agreement, Robert Kaiser, Chairman of the Board and CEO for CellStar said, "We are extremely pleased to be working with SmartVideo, and we look forward to promoting the SmartVideo service and SmartVideo enabled products to our wide-reaching distribution channels. In today's mobile society people are looking for innovative ways to be entertained and obtain the information they desire in real time. So, what better way to facilitate this than through their mobile telephones, PDAs and pocket PCs. We are excited that we can make this exceptional service available to our carriers, network operators and retail customers."

Richard E. Bennett, Jr., CEO of SmartVideo stated, "SmartVideo has reached another major milestone with the signing of this distribution agreement with CellStar. Having our service marketed to mobile carriers, MVNOs and retailers across the country is truly a great step forward for us. We believe the SmartVideo service will benefit carriers, MVNOs and retailers as a result of subscribers buying more unlimited data plans, retailers generating more traffic in their brick and mortar locations and virtual stores. Handset, PDA and pocket PC manufactures will also have the opportunity to sell more product as consumers demand increasing numbers of SmartVideo enabled devices."

About CellStar

CellStar Corporation is a leading provider of logistics and distribution services to the wireless communications industry. CellStar has operations in North America and Latin America, and distributes handsets, related accessories and other wireless products from leading manufacturers to an extensive network of wireless service providers, agents, MVNOs, insurance/warranty providers and big box retailers. CellStar specializes in completely integrated forward and reverse logistics solutions, repair and refurbishment services, and in some of its markets, provides activation services that generate new subscribers for wireless service providers. Additional information about CellStar may be found on its Web site at www.cellstar.com.

About SmartVideo Technologies, Inc.

SmartVideo Technologies offers the first and best-in-class services for broadcasting live, on-demand and download-and-play television content for Internet-connected video consumers around the world. SmartVideo's television solutions deliver sharp video images with fully synched audio for broadcast to video-enabled cell phones and other handheld devices, via current and next-generation cellular and Wi-Fi systems. SmartVideo's proprietary technologies include a full suite of television content management services for wireless telco carriers as well as content owners, to provide an end-to-end mobile television broadcast and business solution. SmartVideo's robust library of content includes news, weather, sports, children's programming and more, from such leading international brands as ABC News, NBC Universal, Fox Sports, The Weather Channel and dozens of others. SmartVideo's mobile video solutions provide exceptional image quality on all existing 2.5G and Edge cellular networks, and near-broadcast quality on 3G and Wi-Fi networks. SmartVideo is a Microsoft Windows Media® 9 Series Certified Hosting Provider. For additional information and to subscribe to SmartVideo's Live TV content packages visit http://www.smartvideo.com.

Forward Looking Statements

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "intend," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the inability of SmartVideo to obtain the additional financing needed to fund operations, the failure of SmartVideo to convert its present and future customer contracts into profitable arrangements for SmartVideo, unexpected costs, delays and other difficulties related to the timing and success of product development and marketing plans, adverse changes in the market for the delivery of full-motion, streaming video content, the failure of SmartVideo's hosting infrastructure, the complexity of SmartVideo's services and delivery network, pricing and other activities by competitors, difficulties involved in retaining and motivating key personnel and other risks detailed in SmartVideo's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, SmartVideo undertakes no obligation to update these statements for revisions or changes after the date of this release. Microsoft, Windows Media, Powerpoint and Windows are registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.

This news release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. A variety of risk factors, including the Company's ability to implement its business strategies, manage cost-reduction actions, maintain its channels of distribution, continue to secure an adequate supply of competitive products on a timely basis and on commercially reasonable terms, maintain or improve its operating margins, secure adequate financial resources, maintain an adequate system of internal control, comply with debt covenants, and continually turn its inventories and accounts receivable, as well as changes in foreign laws, regulations and tariffs, continued consolidation in the wireless market, new technologies, system implementation or continuation difficulties, competition, handset shortages or overages, terrorist acts or other unforeseen events, economic weakness in the U.S. and other countries in which the Company does business and other risk factors, are discussed in the Company's Annual Report on Form 10-K. Any one, or a combination of these risk factors could cause CellStar's actual results to vary materially from anticipated results or other expectations expressed in the Company's forward-looking statements.

Contact:
SmartVideo Technologies, Inc.
Investor Relations & Corporate Communications
Ron Warren, 770-279-3100
www.smartvideo.com
or
CellStar
Investor Relations
Sherrian Gunn, 972-462-3530
www.cellstar.com
[email protected]

--------------------------------------------------------------------------------
Source: SmartVideo Technologies, Inc.

Stochastic down in the way oversold area.
Today's Candlestick Patterns:
White Candlestick
Today a White Candlestick was formed. This represents normal buying pressure.

Technicals
Last Price Quote is:
8.93%above 13-day EMA
45.92%above 50-day EMA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $87.28 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: LT Buy

Indicators have turned north, let's see if if can break through this
resistance @ $3.00

Technicals
Percentage Gainer

Last Price Quote is:
-4.67%below 13-day EMA
-3.58%below 50-day EMA
RS Rating: 91 

Fundamentals
Earnings Expected on Apr 10

Key Data:
Market Cap (M): $62.49 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: LT Buy

Headline News Link....  http://finance.yahoo.com/q/h?s=CLST.PK