Hi
I think, that here there will be an interesting game (only my opinion) ::)
Satellite Newspapers Corp. Featured on MacReport.Net
Satellite Newspapers Corp. (OTC BB: SNWP) announced today that CEO Jerri Palmer and SNWP.OB are featured on the MacReport.Net, a leading provider of online business and financial information. "The MacReport.Net is a powerful tool that will allow SNWP to increase its presence with investors and the Wall Street community," stated Ms. Palmer.
The MacReport.Net is a financial services network that takes a 3 dimensional approach to disseminate information and increase exposure to the Wall Street community as well as potential investors. The MacReport.Net distributes releases through traditional channels, makes contacts and provides these releases to thousands of qualified investors and provides its members with their own unique interactive audio page within the MacReport.Net's heavily trafficked website. Ms. Palmer noted, "As SNWP continues to move forward, the ability to get information out to our investors and to new potential investors is paramount. This opportunity allows investors not only to read about SNWP but truly connect with us by seeing and hearing who we are and what SNWP's vision of the future is. This technology has taken SNWP's ability to distribute information to an exciting new level and stay ahead of the curve in the highly competitive investment market."
Existing shareholders or potential investors can track news and updates on SNWP by registering online at www.macreport.net. Registered users can also submit requests for additional information or ask questions regarding SNWP or any member company through the MacReport.Net site.
ABOUT SATELLITE NEWSPAPERS:
Satellite Newspapers Corp is a NASDAQ OTCBB Company (symbol: SNWP). Its 100%-owned subsidiary Satellite Newspapers Suisse GmbH operates the Worldwide Rights for the satellite newspaper KiOSK and related products. See www.satellitenewspapers.com
The Satellite Newspaper KiOSK prints selected international newspapers on demand within two minutes. Satellite Newspapers currently has over 200 newspaper titles under license from around the world including the Le Monde (France), Die Welt (Germany), El Pais (Spain), and the Mainichi Shimbun (Japan).
The Satellite Newspaper CLiENT is a software application that enables users to print the latest edition of international newspapers on their own printer, either one copy at a time or in bulk.
Satellite Newspapers is the Standard in Global Newspaper Distribution.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbour" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to results of operations and financial condition and business development activities, as well as capital spending and financial sources. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Satellite Newspapers Corp. For more information regarding these risks and uncertainties, review Satellite Newspapers Corp. filings with the Securities and Exchange Commission at www.sec.gov.
Source: Market Wire (April 4, 2006 - 8:00 AM EDT)
News by QuoteMedia
www.quotemedia.com
Hi
;) :o
Hi
Weekly :o
Hi
It TA for SNWP.
High 0.13 Low 0.011 :o
Probably SNWP very interesting game. ::)
resist. 0.12 2
resist. 0.10 2
resist. 0.09 9
resist. 0.08 3
resist. 0.07 3
resist. 0.06 2
resist. 0.06 4
resist. 0.05 2
resist. 0.04 7
resist. 0.02 14
supp 0.01 3
supp 0.00 286
http://www.stockta.com/cgi-bin/analysis.pl?symb=SNWP%20&num1=2&cobrand=TV
Hi ;)
Satellite Newspapers Gains 58.33% On 4X Volume
via COMTEX
Apr 5, 2006 11:55:00 PM
(financialwire.net via COMTEX News Network) --
April 6, 2006 (FinancialWire) Satellite Newspapers (OTCBB: SNWP) gained 58.33% on volume of 2,634,497, which was more than four times its average 577,255, to close at $0.019.
Satellite Newspapers Corp. is enrolled in Investrend Research's unique and pioneering professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following. Enrollment in standards-based research is an important measure of a company's commitment to transparency and good governance.
Benchmark research coverage is scheduled to be initiated by an Investrend Research analyst. The company enrolled in the coverage December 11, 2005.
The Investrend Research program is the largest in the world and includes a number of safeguards to reduce or eliminate conflict. These systems, including media coverage and endorsements, may be accessed at http://www.investrendresearch.com.
Investrend Research subscribes to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com, and adheres to the Guidelines for independent providers jointly endorsed by the National Investor Relations Institute (http://www.niri.org) and the CFA Institute (http://www.cfainstitute.org).
Buyside Magazine has stated that Investrend Research "remains in the vanguard of both standards and independence." ODwyerPR has cited Investrend Research as "exceeding the standards of CFAI-NIRI." The CFA Magazine, citing Investrend and its affiliates as having "strict rules about compensation and full disclosure," which "should go a long way towards ensuring objectivity," said "issuer-paid research is here to stay." Investrend has been cited by the Dow Jones Newswires, Financial Mail, Shareholder Value, and NIRI's "IR Update," which stated that Investrend "accomplishes the goal and more." Investrend's model has been endorsed by the New York Times, former SEC Chair Arthur Levitt and shareholders themselves, 70.9% of whom said in a survey at InvestoPedia, that a company that enrolls for "legitimate fee-based research is making a positive statement about its investment potential." A survey at Charles Schwab & Co. revealed that 78% of active shareholders now "value research from independent firms over analysts by Wall Street firms with financial ties to the companies they are rating."
Enrollment fees for the Benchmark research platform are $24,800 and are being paid by Equities Magazine, a third party. All independent sponsored research distributed by Investrend Research Syndicate are enrolled for investor-monitoring by the Shareholders Research Alliance at http://www.shareholdersresearch.com.
Complete information about any company enrolled in an Investrend shareholder empowerment platform, including those of its affiliates and independent analysts and webcasters, including disclosures and disclaimers, is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes and on each report and press release, and investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.
Hi
SNWP have started to let out news :o
Satellite Newspapers Explain Strategy for 2006, Newspapers for All
By Market Wire
Last Update: 4/6/2006 8:20:47 AM Data provided by
MIAMI, FL, Apr 06, 2006 (MARKET WIRE via COMTEX) -- Satellite Newspapers Corp. (SNWP) has developed a strategy for 2006 that will combine the traditional newsprint business with newspapers also available through electronic digital methods, thus increasing sales.
In a strategic plan to push the Company forward, a wide range of options has become available. If the consumer wants an International Newspaper on Day A as it is printed, they can have that newspaper printed from the Satellite Kiosk (explained below).
If the consumer wants the paper delivered digitally and yet still looks like a full version of the newspaper that will also be possible. Satellite Newspapers introduces the Global Print Alliance (GPA). GPA brings together key elements for successful bulk printing of digital newspapers on Day A and delivers it anywhere in the world.
Through this alliance, SNWP has brought together print sites which use digital press such as Kodak, IBM, OCR, and others. Satellite has refined the process so that the digital print is of newspaper quality.
Satellite has incorporated within GPA, publishers' needs to have their newspapers printed around the world on Day A, without days of transport, to meet their customer's demands.
This system has generated vast interest from digital printers, manufacturers, newspaper publishers, and distribution/logistic companies.
Hi
Classical withdrawal after 100 % of increase (0.011-0.021.)
I think that SNWP it is possible to hold before full restoration 0.1 (only my opinion)
Good luck.
Hi
I the dealer of day also am not insolent to the action long time, but SNWP I shall not sell less than 0.05.
I have reasons to hold SNWP - sharp falling from 0.11 up to 0.0011 in current of 3.5 months (the company has changed a name, but Split was not), the company has started to let out positive news, big volume on increase and small on falling, SNWP is at the bottom.
My input 0.015. (only my opinion)
Good Luck
Satellite Newspapers Hones Business Strategy To Provide Any Newspaper Anywhere
via COMTEX
Apr 7, 2006 1:05:00 AM
(financialwire.net via COMTEX News Network) --
April 7, 2006 (FinancialWire) Satellite Newspapers Corp. (OTCBB: SNWP) has figured out a way to combine the traditional newsprint business with newspapers available through electronic digital methods. The company looks for the combination of availability structures to increase its business.
Part of the strategy includes providing newspaper-quality printing through use of technology from Kodak (NYSE: EK), IBM (NYSE: IBM), and others.
If the consumer wants an international newspaper on the day it is printed, they can have that newspaper printed from one of Satellite's kiosks.
For papers delivered digitally that still look like full versions, Satellite developed the Global Print Alliance (GPA), which brings together key elements for successful bulk printing of digital newspapers and delivering it anywhere in the world.
Through this alliance, SNWP has brought together print sites which use digital press such as Kodak, IBM, and others. Satellite has refined the process so that the digital print is of newspaper quality.
Satellite has incorporated within GPA, publishers' needs to have their newspapers printed around the world, without days of transport, to meet their customer's demands.
Based in Miami, Satellite Newspapers Corp. has developed an innovative satellite- and Internet-delivery system that prints out newspapers on demand from any location. The price to readers is minimal, typically ranging from only $2.65 to $6.50 per copy.
Satellite Newspapers Corp. is enrolled in Investrend Research's unique and pioneering professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following. Enrollment in standards-based research is an important measure of a company's commitment to transparency and good governance.
Benchmark research coverage is scheduled to be initiated by an Investrend Research analyst. The company enrolled in the coverage December 11, 2005.
The Investrend Research program is the largest in the world and includes a number of safeguards to reduce or eliminate conflict. These systems, including media coverage and endorsements, may be accessed at http://www.investrendresearch.com.
Investrend Research subscribes to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com, and adheres to the Guidelines for independent providers jointly endorsed by the National Investor Relations Institute (http://www.niri.org) and the CFA Institute (http://www.cfainstitute.org).
Buyside Magazine has stated that Investrend Research "remains in the vanguard of both standards and independence." ODwyerPR has cited Investrend Research as "exceeding the standards of CFAI-NIRI." The CFA Magazine, citing Investrend and its affiliates as having "strict rules about compensation and full disclosure," which "should go a long way towards ensuring objectivity," said "issuer-paid research is here to stay." Investrend has been cited by the Dow Jones Newswires, Financial Mail, Shareholder Value, and NIRI's "IR Update," which stated that Investrend "accomplishes the goal and more." Investrend's model has been endorsed by the New York Times, former SEC Chair Arthur Levitt and shareholders themselves, 70.9% of whom said in a survey at InvestoPedia, that a company that enrolls for "legitimate fee-based research is making a positive statement about its investment potential." A survey at Charles Schwab & Co. revealed that 78% of active shareholders now "value research from independent firms over analysts by Wall Street firms with financial ties to the companies they are rating."
Enrollment fees for the Benchmark research platform are $24,800 and are being paid by Equities Magazine, a third party. All independent sponsored research distributed by Investrend Research Syndicate are enrolled for investor-monitoring by the Shareholders Research Alliance at http://www.shareholdersresearch.com.
Hi
SNWP forms the basis 0.012-0.014.
Increase volume (dealers show interest). :o
Weekly chart - An intraweek Doji was formed. This shows indecision about the direction of the market and it represents a tug-of-war between buyers and sellers.
Similar this week was critical, for SNWP and next 2-3 weeks there will be a restoration. (only my opinion) ;)
Today there was a unsuccessful attempt to break 0.011. :D
SNWP the third day is successively closed in 0.013 (platform)
Dealers колеблются, but I think bulls will win. :o
I am was insolent the plan. (only my opinion)
Apr 11, 2006 8:01:00 AM
MIAMI, FL, Apr 11, 2006 (MARKET WIRE via COMTEX News Network) --
Satellite Newspapers Corp., (OTC BB: SNWP) has announced that it has acquired, as an asset, the Intellectual Property Rights of the Systems Design and the KiOSK Patents.
Formerly these were licensed to Satellite Newspapers Corp., but now they are entirely owned by Satellite. This is a big leap forward in the ability of the Company to have complete control over its destiny and expansion. The agreement was made between Media Finance Suisse, the former holder of the Rights, and Satellite Newspapers Corp, a Public Company with the symbol of SNWP.
Satellite has recently figured out a method of combining point of purchase newspapers through its KiOSK, with electronic digital printing, and bulk printing -- all providing the same day's paper delivered anywhere in the world.
About Satellite Newspapers Corp.
Hi
I do not think, that SNWP will break 0.011. ;)
Critical daywas possible today. (only my opinion)
Hi
Probably these latest news and T.A Doji can advance SNWP upwards ;)
Satellite Newspapers Acquires Rights To Its KiOSK Systems Designs And Patents
via COMTEX
Apr 12, 2006 12:18:00 AM
Apr 12, 2006 (financialwire.net via COMTEX News Network) --
April 12, 2006 (FinancialWire) Satellite Newspapers Corp., (OTCBB: SNWP) has acquired the intellectual property rights of the systems design and the KiOSK patents that it uses to provide newspapers on demand around the world.
Formerly these were licensed to Satellite Newspapers Corp., but now they are entirely owned by Satellite. The agreement was made between Media Finance Suisse, the former holder of the rights, and Satellite Newspapers Corp.
Satellite has recently figured out a method of combining point-of-purchase newspapers through its KiOSK, with electronic digital printing, and bulk printing, all providing the same day's paper delivered anywhere in the world.
In conjunction with over 200 different publications of leading newspapers in 60 countries, the company has developed an innovative satellite- and Internet-delivery system that prints out newspapers on demand from any location at prices typically ranging from $2.65 to $6.50 per copy.
The company distributes two different products through a multi-tiered distribution system of independently financed distributors. The Satellite Newspaper KiOSK is an automated free-standing kiosk that enables readers to select and print leading newspapers in the newspaper's original layout within two minutes. KiOSKs are currently found throughout Europe, Asia Pacific, the South Pacific, and the Middle East. The Satellite Newspaper CLiENTis a user-friendly software application that enables users to print the latest edition of international newspapers from their own PC, either one copy at a time or in bulk.
Satellite Newspapers Corp. is enrolled in Investrend Research's unique and pioneering professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following. Enrollment in standards-based research is an important measure of a company's commitment to transparency and good governance.
Benchmark research coverage is scheduled to be initiated by an Investrend Research analyst. The company enrolled in the coverage December 11, 2005.
The Investrend Research program is the largest in the world and includes a number of safeguards to reduce or eliminate conflict. These systems, including media coverage and endorsements, may be accessed at http://www.investrendresearch.com.
Investrend Research subscribes to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com, and adheres to the Guidelines for independent providers jointly endorsed by the National Investor Relations Institute (http://www.niri.org) and the CFA Institute (http://www.cfainstitute.org).
Buyside Magazine has stated that Investrend Research "remains in the vanguard of both standards and independence." ODwyerPR has cited Investrend Research as "exceeding the standards of CFAI-NIRI." The CFA Magazine, citing Investrend and its affiliates as having "strict rules about compensation and full disclosure," which "should go a long way towards ensuring objectivity," said "issuer-paid research is here to stay." Investrend has been cited by the Dow Jones Newswires, Financial Mail, Shareholder Value, and NIRI's "IR Update," which stated that Investrend "accomplishes the goal and more." Investrend's model has been endorsed by the New York Times, former SEC Chair Arthur Levitt and shareholders themselves, 70.9% of whom said in a survey at InvestoPedia, that a company that enrolls for "legitimate fee-based research is making a positive statement about its investment potential." A survey at Charles Schwab & Co. revealed that 78% of active shareholders now "value research from independent firms over analysts by Wall Street firms with financial ties to the companies they are rating."
Enrollment fees for the Benchmark research platform are $24,800 and are being paid by Equities Magazine, a third party. All independent sponsored research distributed by Investrend Research Syndicate are enrolled for investor-monitoring by the Shareholders Research Alliance at http://www.shareholdersresearch.com.
Complete information about any company enrolled in an Investrend shareholder empowerment platform, including those of its affiliates and independent analysts and webcasters, including disclosures and disclaimers, is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes and on each report and press release, and investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.
For up-to-the-minute news, features and links click on http://www.FinancialWire.net
FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp
For a free annual report on a company mentioned in the news, please click on http://investrend.ar.wilink.com/?level=279
The NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268
http://www.financialwire.net
Hi
Similar sellers dry up ???(only my opinion)
Hi
Yes SELLERS dry up. I think SNWP within the next few days will try to break MA (50) 0.03. ;)(only my opinion)
Hi
It will be possible today critical day ;)
Good luck.
Hi
From http://americanbulls.com/StockPage.asp?CompanyTicker=SNWP&MarketTicker=OTC&TYP=S ;)
Satellite Newspapers Gains 16.67% On Higher Volume
via COMTEX
Apr 16, 2006 11:45:00 PM
Apr 17, 2006 (financialwire.net via COMTEX News Network) --
April 17, 2006 (FinancialWire) Satellite Newspapers (OTCBB: SNWP) gained 16.67% Thursday on volume of 870,492, which was higher than its average 577,255, to end the day at $0.014.
Satellite Newspapers Corp. is enrolled in Investrend Research's unique and pioneering professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following. Enrollment in standards-based research is an important measure of a company's commitment to transparency and good governance.
Benchmark research coverage is scheduled to be initiated by an Investrend Research analyst. The company enrolled in the coverage December 11, 2005.
The Investrend Research program is the largest in the world and includes a number of safeguards to reduce or eliminate conflict. These systems, including media coverage and endorsements, may be accessed at http://www.investrendresearch.com.
Investrend Research subscribes to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com, and adheres to the Guidelines for independent providers jointly endorsed by the National Investor Relations Institute (http://www.niri.org) and the CFA Institute (http://www.cfainstitute.org).
Hi
I do not think that SNWP will be long is in 0.011-0.015 I suspect to this week SNWP will break MA (50) ;)
Today there was an attempt to break 0.015 but Nasdaq has fallen.
Dealers - doji ???
;)
Hi
Yesterday there was a unsuccessful attempt to break 0.011 ;)
I the optimist with SNWP also do not see any reason to sell, it is just necessary a few patiences. 8)
HI
Two days on end SNWP are finished with day a signal - Umbrella - (has the potential to signal a bullish reversal at the bottom if it appears after a long downtrend, long black candlestick or if it is seen at a visible support level. Likewise; umbrella may signal a bearish reversal at the top if it appears after a long uptrend, a long white candlestick or if it is seen at a visible resistance level. Bearish or bullish confirmation is required in both situations.)-http://www.candlesticker.com/Cs09.asp
TA - http://www.stockta.com/cgi-bin/analysis.pl?symb=SNWP&num1=1&cobrand = and amp; mode=stock
I do not see the reason for falling FA and TA (SNWP for 4 months has fallen from a level 0.12 up to 0.011) now there is an establishment of a platform (basis). I think that very soon we shall see start.
(Only my opinion)
Hi
I am still was insolent the plan :o
Hi
One of rules of trade at a stock exchange this patience and skill to wait. I hope, that was not mistaken in my choice - SNWPE. I am was insolent the plan - sale not less than at 0.05 .
http://americanbulls.com/StockPage.asp?CompanyTicker=SNWPE&MarketTicker=OTC&TYP=S
http://www.stockta.com/cgi-bin/analysis.pl?symb=SNWPE&num1=2&cobrand=TV&mode=stock
Hi
Look chartr :o ;)
Hi
Similar game begins ;)
Volume!!!
Good luck.
Hi
http://biz.yahoo.com/e/060523/snwpe.ob10ksb.html
SNWPE - Back :o
10KSB/A: SATELLITE NEWSPAPERS CORP
By Edgar Online - (EDG = 10Q, 10K)
Last Update: 5/24/2006 11:56:59 AM Data provided by
(EDGAR Online via COMTEX) -- ITEM 6 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
When used in this Form 10-KSB, in other filings by the Company with the SEC, in the Company's press releases or other public or stockholder communications, or in oral statements made with the approval of an authorized executive officer of the Company, the words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date made, are based on certain assumptions and expectations which may or may not be valid or actually occur, and which involve various risks and uncertainties, including but not limited to the risks set forth above. In addition, sales and other revenues may not commence and/or continue as anticipated due to delays or otherwise. As a result, the Company's actual results for future periods could differ materially from those anticipated or projected.
Unless otherwise required by applicable law, the Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
Overview
We receive, distribute and sell newspaper data on a daily basis through multiple outlets or Kiosks. We produce and sell the KiOSKS on an international basis. After introducing the CLiENT Application CD-ROM version, we increasingly sell Newspaper prints via this channel. We generate revenue as follows:
The Company receives a fee for each KiOSK sold;
The Company receives a fee for each CLiENT application sold in addition to a yearly user fee; and
The Company receives a fee for each newspaper printed through the CLiENT
Satellite Newspapers distributes its content through the use of five satellite stations and three uplink stations as well as through the Internet.
Managements' Discussion and Analysis
Results of Operations - Year Ended December 31, 2005 Compared to Year Ended December 31, 2004
Net Sales
We had net sales of $1,671,954 for the year ended December 31, 2005 as compared to $1,090,571 for the year ended December 31, 2004. This increase in net sales is a result of our change in business operations to focus on the deployment of electronic newspapers through our KiOSK system as well as our recently launched CLiENT Software Application.
Cost and Expenses
Cost and expenses for the year ended December 31, 2005 was $3,998,783 as compared to $8,279,548 during the year ended December 31, 2004, which consisted of selling, general and administrative costs and services. Cost and expenses during the year ended December 31, 2005 included cost of services ($865,510), selling general and administrative ($2,695,784), stock issued for services ($0) and depreciation and amortization ($437,489). This decrease in cost and expenses is a result of our change in business operations to focus on the deployment of electronic newspapers through our KiOSK system as well as our recently launched CLiENT Software Application.
As a result of the foregoing factors, we realized a net loss of $2,617,485 for the year ended December 31, 2005 compared to a net loss of $7,462,755 for the year ended December 31, 2004.
Liquidity and Capital Resources
At December 31, 2005, we had a working capital deficit of ($12,087,594). Further, at December 31, 2004 we had a working capital deficit of ($9,470,109), as a result our auditors have raised, in their current audit report, a substantial doubt about our ability to continue as a going concern. We will be unable to continue as a going concern in the event we are not able to raise capital in order to develop and implement our business plan and continue operations. Until such time as sufficient capital is raised, we intend to limit expenditures for capital assets and other expense categories.
There is no assurance of financial viability for Swiss Satellite Newspapers. We depend on the financial viability of Swiss Satellite Newspapers for our content and satellite transmission. Swiss Satellite Newspapers has limited revenues to date. Our business would be materially harmed if Swiss Satellite Newspapers is unable to continue to provide us with its content, satellite transmission and technical support.
On December 1, 2003, we entered into a consulting agreement with GCH Capital, Ltd to provide assistance relating to business acquisition and general business strategies. On April 16, 2004, we issued 5,000,000 shares of common stock to GCH Capital Ltd. in consideration for services provided. There is also a monthly consulting fee of $10,000 per month for 24 months payable from the above shares. In connection with the May 2004 private placement, we paid GCH Capital, Ltd $150,000 to terminate the consulting agreement.
We had unsecured loans to individuals in the amount of $1,247,878 at December 31, 2004. The loans matured between July and November 2004 and are currently past due. The loans were interest free for the first year and accrue interest at the rate of 6% commencing after the first anniversary date of the loan. As of the date hereof, we have not repaid these loans.
As of December 31, 2004, Roy Piceni, our principal stockholder and an executive officer and director, has advanced our company $1,436,617.
To obtain funding for our ongoing operations, on May 19, 2004, pursuant to an offering conducted under Rule 506 of Regulation D, as promulgated under the Securities Act of 1933, we sold 10,869,565 shares of common stock to accredited investors in a private offering. In connection with the offering, we sold 10,869,565 shares of common stock at a price of $.23 per share. In addition, we also issued 10,869,565 common stock purchase warrants exercisable at $1.50 per share. We raised an aggregate of $2,500,000 in connection with this offering. In November 2004, we entered into an amendment of the Securities Purchase Agreement whereby we cancelled 2,173,913 shares of common stock and issued to the investors to the investors secured convertible debentures in the amount of $500,000.
During the third quarter ending September 30, 2005, holders of the 5% convertible subordinated debenture converted their holdings to common stock at the stipulated conversion rate of $0.23 per share. Accordingly, 521,732 shares of the Company's common stock were issued to convert 120,000 convertible subordinated debentures.
On November 21, 2005, the Company entered into an agreement with GCH Capital, Ltd., Palisades Capital, LLC, and Dojo Investments, Ltd, (hereafter, referred to as the "Investors") to convert $380,000 of 5% convertible subordinated debentures currently outstanding on the Company's financial statements, exercise the outstanding warrants and waive all reset, price protection and anti-dilution rights. The Investors purchased the convertible subordinated debentures and warrants, as well as all related anti-dilution and reset rights related thereto, from the original investors that were part of the 2004 private placement agreements, and obtained signed releases from the original investors to release the Company from any remaining anti-dilution provisions and reset provisions which were part of the 2004 private placement agreements. In consideration for the conversion of the convertible subordinated debentures, exercise of the warrants and the renegotiation of the anti-dilution and reset provisions, the Company agreed to issue 49,500,000 shares of its common stock to the Investors.
One of the terms of GCH Capital entering into the agreement was that Media Finance en Suisse Holding GmbH, as well as Mr. Roy Piceni converted their notes payable into shares of common stock.
We believe we will still need additional investments in order to continue operations to cash flow break even. Financing transactions may include the issuance of equity or debt securities, obtaining credit facilities, or other financing mechanisms. However, the trading price of our common stock and the downturn in the U.S. stock and debt markets could make it more difficult to obtain financing through the issuance of equity or debt securities. Even if we are able to raise the funds required, it is possible that we could incur unexpected costs and expenses, fail to collect significant amounts owed to us, or experience unexpected cash requirements that would force us to seek alternative financing. Further, if we issue additional equity or debt securities, stockholders may experience additional dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of our common stock. If additional financing is not available or is not available on acceptable terms, we will have to curtail our operations again.
Cash Flows
Net cash used in operating activities was $1,52,537 for the year ended December 31, 2005 and $2,066,797 for the year ended December 31, 2004. This decrease was primarily due to the increase in the net loss.
Net cash provided by financing activities was $1,207,352 and $2,788,705 for the year ended December 31, 2005 and 2004, respectively. The net cash provided by financing activities for the year ended December 31, 2005 consisted primarily of loans provided by Mr. Piceni and his Company Media Finance.
During the year ended December 31, 2005 the net cash used in financing activities consisted primarily of $1,207,353 from the acquisition of property and equipment.
Off-Balance Sheet Arrangements
We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future material effect on us.
May 24, 2006
Hi
Only there is some patience (my opinion) :o
Hi
;) ::)
:o ::)
;)
Satellite Newspapers Gains 20.69% On 13X Volume
Wednesday, July 05, 2006 23:50 ET
(financialwire.net via COMTEX) -- July 6, 2006 (FinancialWire) Satellite Newspapers (OTCBB: SNWP) gained 20.69% Wednesday on volume of 2,840,199, which was more than 13 times its average 214,100, to end the day at $0.007.
Satellite Newspapers Corp. is enrolled in Investrend Research's unique and pioneering professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following. Enrollment in standards-based research is an important measure of a company's commitment to transparency and good governance.
Benchmark research coverage was terminated and the company given a "Suspended/1" rating due to the unavailability of continued access to the company by Investrend Research analyst Piyali Chakravarty.
Enrollment fees for the Benchmark research platform were $24,800, which was partially paid by Equities Magazine, a third party.
Investrend Research has been the leading independent equity research publishing and distribution program since 1996, with over 75 qualified professional analysts posting more than 1,200 reports to date. Anyone may enroll a company in the Investrend platforms. Enrollment fees for the Benchmark research platform are $31,800. Analysts are paid in advance for their initial reports by Investrend Research to limit or eliminate pecuniary interests and conflict; and no one associated with the program may own or trade in the equities of companies under coverage.
Investrend Research subscribes to the "Standards of Practice for Research Providers" at http://www.firstresearchconsortium.com, and its research is investor-monitored by the not-for-profit Shareholders Research Alliance, Inc. To join and participate, click on http://www.shareholdersresearch.com
Buyside Magazine has stated that Investrend Research "remains in the vanguard of both standards and independence." ODwyerPR has cited Investrend Research as "exceeding the standards of CFAI-NIRI." The CFA Magazine has cited Investrend and its affiliates as having "strict rules about compensation and full disclosure," which "should go a long way towards ensuring objectivity." Some 70.9% said in a survey at InvestoPedia that a company that enrolls for "legitimate fee-based research is making a positive statement about its investment potential." A survey at Charles Schwab & Co. revealed that 78% of active shareholders now "value research from independent firms over analysts by Wall Street firms with financial ties to the companies they are rating."
Complete information about any company enrolled in an Investrend shareholder empowerment platform, including those of its affiliates and independent analysts and webcasters, including disclosures and disclaimers, is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes and on each report and press release, and investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.
The SEC Advisory Committee on Smaller Public Companies, in its recent final report endorsing company-sponsored research at http://www.sec.gov/info/smallbus/acspc/acspc-finalreport_d.pdf, stated: "the trading markets for public companies are assisted in great measure by the dissemination of quality investment research," noting "a lack of coverage by independent analysts limits shareholders' and prospective shareholders' ability to obtain an informed outsider's perspective on identifying strengths and weaknesses and areas for improvement
Hi
MA(50) 0.0044$
MA(200) 0.051$
:o ::)
Hi
;)
Hi
:o :)
Hi
Support 0.004 and Parabolic SAR is not broken, Volume small ;)
??? ??? ???
Hi
If SNWP does not break today 0.003 it is probably possible to buy (only my opinion) ???
Satellite Newspapers Gains 14.29% On 2X Volume
Thursday , July 13, 2006 23:46 ET
Jul 14, 2006 (financialwire.net via COMTEX) -- July 14, 2006 (FinancialWire) Satellite Newspapers (OTCBB: SNWP) gained 14.29% Thursday on volume of 595,000, which was more than twice its average 214,100, to end the day at $0.004.
Satellite Newspapers Corp. is enrolled in Investrend Research's unique and pioneering professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following. Enrollment in standards-based research is an important measure of a company's commitment to transparency and good governance.
Benchmark research coverage was terminated and the company given a "Suspended/1" rating due to the unavailability of continued access to the company by Investrend Research analyst Piyali Chakravarty.
Enrollment fees for the Benchmark research platform were $24,800, which was partially paid by Equities Magazine, a third party.
Investrend Research has been the leading independent equity research publishing and distribution program since 1996, with over 75 qualified professional analysts posting more than 1,200 reports to date. Anyone may enroll a company in the Investrend platforms. Enrollment fees for the Benchmark research platform are $31,800. Analysts are paid in advance for their initial reports by Investrend Research to limit or eliminate pecuniary interests and conflict; and no one associated with the program may own or trade in the equities of companies under coverage.
Investrend Research subscribes to the "Standards of Practice for Research Providers" at http://www.firstresearchconsortium.com, and its research is investor-monitored by the not-for-profit Shareholders Research Alliance, Inc. To join and participate, click on http://www.shareholdersresearch.com
Buyside Magazine has stated that Investrend Research "remains in the vanguard of both standards and independence." ODwyerPR has cited Investrend Research as "exceeding the standards of CFAI-NIRI." The CFA Magazine has cited Investrend and its affiliates as having "strict rules about compensation and full disclosure," which "should go a long way towards ensuring objectivity." Some 70.9% said in a survey at InvestoPedia that a company that enrolls for "legitimate fee-based research is making a positive statement about its investment potential." A survey at Charles Schwab & Co. revealed that 78% of active shareholders now "value research from independent firms over analysts by Wall Street firms with financial ties to the companies they are rating."
Complete information about any company enrolled in an Investrend shareholder empowerment platform, including those of its affiliates and independent analysts and webcasters, including disclosures and disclaimers, is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes and on each report and press release, and investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.
The SEC Advisory Committee on Smaller Public Companies, in its recent final report endorsing company-sponsored research at http://www.sec.gov/info/smallbus/acspc/acspc-finalreport_d.pdf, stated: "the trading markets for public companies are assisted in great measure by the dissemination of quality investment research," noting "a lack of coverage by independent analysts limits shareholders' and prospective shareholders' ability to obtain an informed outsider's perspective on identifying strengths and weaknesses and areas for improvement."
:o
Yesterday was volume + :o
;D