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Daniels Corporate Advisory Co Inc – DCAC


Daniels creates and helps finance the implementation of corporate strategy alternatives for the mini-cap public or private company client. Through the full-time efforts of its senior management and the call up of members of its independent contractor specialist network, depending upon the assignment and its complexity, Daniels provides an outsourced talent pool of senior level executive with visionary talent on an affordable basis for the mini-cap company. The client pays a reasonable cash up front retainer, work-in-progress retainers and a final cash retainer determined by advisory assignment /implementation results.

Daniels aim is to work with client senior management to better understand the clients objectives and then to create and provide the client with multiple corporate strategies /opportunities for acceleration of growth that are unique and appropriate including joint-ventures, marketing opportunity agreements and/or a variety of potential acquisitions structured in LBO format. The most promising of these client opportunities will be financed by Daniels directly and/or through joint-venture with members of its capital referral network; within a deal structure not seriously dilutive to existing equity. This process presents the client with the option of entrance into new recommended market niches or unique ways of furthering expansion in existing niches. The optimum deal structure for the best business alternative, whether generic or acquisitive in nature, to accelerate growth is designed specifically to limit the amount of time necessary for the client to achieve the necessary financial criteria for listing on a Major US Stock Exchange, (American/Small Cap NASDAQ).

The Goal: Within fourteen to twenty-four months from commencement of a Corporate Strategy Assignment, financial results should be forthcoming and recorded in SEC Filings, a highly-credible, expanded Board and Senior Management Team assembled and the Exchange listing process guided to completion, all by Daniels.

THE BENEFITS

• Growth Acceleration Strategies for the Start-up and Early-Stage Development Company

• Private or Public companies; well focused Business Model and Management Team

• Cost-Effective, Independent Contractor Talent Pool for all Management Disciplines

• Professional teams tailored to specific client needs

• Visionary ideas created for expansion of client Business Model

Upon Board Approval of Business Model adjustments, advisory findings implemented with in-house capital

• Start-up client has the potential to be valued as a public company, with stock market multiple valuation, and not as a private company

CAPABILITIES

The capabilities of Daniels are many and concentrated in all the senior management disciplines. Corporate Strategy Teams of independent contractor visionaries with significant senior executive and operating management experience are formatted by Daniels to fulfill the specific needs of every assignment. Our teams are deployed and work to develop and execute a revised game plan for the client that is jointly-developed through constant interaction with their senior executives and operating management. Redeployment of assets and cash flows are usually in order, to affect the recommended expansion of the client’s Business Plan/Model. Our findings/conclusions/recommendations are a consensus; incorporating the views of Daniels’ senior management, the independent contractor strategists and client’s senior management and Board. Daniels concentrates on growth acceleration in a specifically chosen industry/market niche through a variety of novel approaches and structures including sales agency agreements; Levered acquisition/merger transactions, and joint-venture marketing opportunities, just to name a few.

THE BENEFITS

• The capabilities of Daniels are many and concentrated in all the senior management disciplines;

• Our teams are deployed to develop and execute a revised game plan for the client;

• The revised plan is jointly-developed through constant interaction with senior executives and operating management

• Recommendations are a consensus; the views of the independent strategists and client senior management and Board • Consideration is given to a variety of novel approaches including sales agency agreements; Levered acquisition/merger transactions;

• Candidate selection risk is limited; those candidates chosen are primarily new product additions to a successful, existing product mix. A foreign manufacturer can launch a new product addition specifically designed/chosen for U. S. Distribution through a jointly financed and managed Sales Agency. Daniels becomes their presence in the US market place by providing talent for concentration in its recommended market niches.

• Start-up client has the potential to be valued as public company, with stock market multiple valuation, and not as a private company.

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Allana Potash Corp – ALLRF


Allana Potash Corp. Is a publically traded company with a focus on the exploration and development of its potash assets. The company’s flagship asset ( encompassing approximately 312 km²) is its Ethiopia Potash Project in the Danakhil evaporite basin in the Dallol region of Afar province in the northeastern part of the country (please see the map below).

Allana has delineated the following Proven and Probable Sylvinite Reserves at Danakhil*:

RESERVE CATEGORY

POTASH MEMBER

MINEABLE TONNES (MT)*

KCl(%)

MOP (MT)

PROVEN

Sylvinite

32.97

28.0

8.2

PROBABLE

Sylvinite

60.81

28.8

15.5

Total

23.7

Allana has delineated the following Measured and Indicated Mineral Resources at Danakhil*:

CATEGORY

POTASH MEMBER

IN-SITU TONNAGE (MT)*

KCl(%)

CONTAINED KCl (MT)

MEASURED

Sylvinite

115.3

27.8

32.1

Upper Carnallitite

121.5

17.5

21.3

Lower Carnallitite

235.0

9.7

22.8

Kainitite

552.3

19.2

105.9

Total

1,024.1

17.8

182.1

INDICATED

Sylvinite

212.1

28.6

60.7

Upper Carnallitite

289.8

17.2

49.9

Lower Carnallitite

322.2

8.9

28.7

Kainitite

598.2

19.5

116.8

Total

1,422.3

18.0

256.1

Allana has also delineated additional Inferred Mineral Resources (see Projects section)*.

(The foregoing mineral resource and reserve estimates are as at April 17, 2013)*.*Please refer to the Legal Disclaimer section below for important information regarding Resource and Reserve estimates.

Allana also has potash claims (over 1540 square km) under application in Argentina ( in Neuquen province) adjacent to Vale’s Rio Colorado potash project.

Allana Potash trades on the TSX under the symbol AAA. It has approximately 325.1 million common shares(basic) outstanding as of April 1st, 2014.

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Blue Water Global Group, Inc – BLUU


Blue Water Global Group, Inc. (“Blue Water”) is a publicly held developer of casual dining restaurant properties and premium distilled spirits. Blue Water is currently developing a chain of casual dining restaurants in popular tourist destinations throughout the Caribbean under the Blue Water Bar & Grill™ brand and a line of premium rums which include the flagship rum Blue Water Ultra Premium Rum™ and spiced Blue Water Caribbean Gold™ Premium Rum. Additionally, Blue Water is engaged in making strategic equity investments in promising businesses that are in the early stages of obtaining their own listing on the OTC Bulletin Board.

Blue Water Corporate Structure and Areas of Operation

profit_centers_2

Blue Water Bar & Grill™

Blue Water is currently developing its first Blue Water Bar & Grill™ restaurant in St. Maarten, Dutch West Indies. The beachfront building site is located in the pristine eco-friendly Indigo Bay development and is the second restaurant approved for beachfront construction.

The Blue Water Bar & Grill™ restaurant concept features a casual, open air Caribbean themed restaurant designed to offer customers a distinctive and relaxing island dining experience.

Central to each restaurant will be a large covered outside patio area where customers can enjoy their drinks and food while overlooking a beautiful water view. The patio area will feature an inviting island styled walk up (and in some cases, swim up) bar and a small stage area for live musical performances by local musicians and dancing. Each restaurant will have an open aired kitchen so customers can see their food being prepared.

Blue Water Premium Rums

Blue Water is developing a line of premium rums that are being produced and bottled in the Dominican Republic, an island respected worldwide for producing award winning premium rums.

Blue Water will launch the first two rums – its flagship Blue Water Ultra Premium Rum™ and spiced Blue Water Caribbean Gold™ Premium Rum – in late Summer 2014 in St. Maarten, D.W.I. Blue Water intends to expand these brands in 2015 through distribution channels into the neighboring islands, including the exclusive and influential St. Barts, French West Indies and Anguilla, British West Indies. Blue Water will continue expanding these brands throughout the Caribbean Region and, ultimately, export them into the United States as early as 2016.

Strategic Alliances and Investment Holdings

Blue Water recently entered into a strategic alliance with Taurus Financial Partners, LLC (“Taurus”). Through this strategic alliance Taurus will provide Blue Water with various financial consulting services and assist Blue Water with utilizing its status as a publicly traded company to conduct registered “spin-offs”. Each spin-off will result in a dividend of the spin-off business’s stock to Blue Water’s loyal shareholders while simultaneously enhancing Blue Water’s overall balance sheet. This strategic alliance is expected to yield three or four such spin-offs each fiscal year.

Stock information*

Ticker Symbol (OTCBB and OTCQB) BLUU
52-Week Price Range (High – Low) $0.033 – 0.001
Total Common Stock Issued and Outstanding
243,206,213
Estimated Free-Trading Public “Float” (%)
74,174,963 (30.5%)
Insider Ownership (%) 168,000,000 (69.1%)
Estimated Institutional Ownership (%) Less than 1%
Stock Transfer Agent VStock Transfer, LLC
Independent Auditing Firm M&K CPAS, PLLC

* As of July 9, 2014

On December 2, 2013 Blue Water entered into an agreement with Stream Flow Media, Inc. (“Stream Flow“) for the first spin-off under this Strategic Alliance. Blue Water received 20 million shares of Stream Flow’s common stock, $0.001 par value, valued at $200,000, or $0.01 per share. Blue Water’s position aggregates approximately 20% of the total ownership of Stream Flow. Stream Flow is expected to receive its listing on the OTCBB during fiscal 2014. Subsequently, Blue Water announced on January 27, 2014 that it will be issuing a one-time stock dividend of approximately 25% of its Stream Flow holdings, or 5,000,000 shares, to its shareholders after Stream Flow obtains its listing on the OTCBB and receives dividend approval from securities regulators.

Future Growth

In addition to the Blue Water Bar & Grill™ locations presently under development in St. Maarten, Dutch West Indies, we are exploring expanding this restaurant concept to other Caribbean islands. Over the next five years we intend to open a Blue Water Bar & Grill™ restaurant on each of the following islands:

  • Aruba, Dutch West Indies;
  • Nassau, Bahamas;
  • Cozumel, Mexico;
  • Grand Cayman; and
  • Barbados.

Map_Caribbean

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Global Energy Innovations (GEI)


FUEL CELLS: THE RACE TO AN ENERGY SECURE FUTURE

fuelcellFuel cells are a highly efficient, combustion-less, and virtually pollution free energy source that provides electricity to power a wide array of applications including buildings, automobiles, emergency back-up systems, laptop computers, and numerous other consumer devices. In principle, a fuel cell is an electrochemical device that operates like a battery. However, unlike a battery, a fuel cell requires re-fueling, and not recharging. A fuel cell uses fuel – usually hydrogen extracted from natural gas, propane, or other carbon based fuels, and oxygen extracted from air – to produce electricity. Fuel cells will continue to produce energy in the form of electricity and heat as long as there is a constant fuel source. Hydrogen fuel cells work simply, have no moving parts, and operate silently with water and excess heat as the only by-products.

Specific industries that employ fuel cell power systems are:

  • Auxiliary Power
    o Commercial Trucking
    o Recreation Vehicles and Motor Homes
    o Marine
    o DOD Military
  • Portable Power
    o Disaster Relief Emergency
    • Back-up Stationary Power
  • Consumer
    o Defense and Homeland Security
    o Data Security
    o Telecommunications

Fuel Cell Commercialization Barriers

Although significant financial resources have been invested in fuel cell technology over the last few years, the following are typically agreed to as primary barriers to mass market commercialization. They are:

1. Lack of a hydrogen infrastructure for fuel storage and distribution.
2. Cost of ownership due to use of precious metals for fuel cell membranes.
3. Lack of large volume applications to minimize both membrane and component cost, and overall manufacturing cost, and;
4. Lack of robust fuel cell power system design that is flexible and adaptable to the varying needs of the user and minimizes engineering cost for use with multiple applications with different power requirements.

GEI’s Commercialization Strategy

Global Energy Innovations (GEI) is part of the Fuel Cell and Sustainable/Alternative Energy industry and has a target market that includes portable and on-board fuel cell power generation applications requiring efficient, clean, near-zero emissions, and silent operations in the 2kW to 10kW nominal power range.

GEI’s competitive strategy is the economicalprocessing of hydrogen from locally available logistics fuels combined with flexible, adaptable, and reconfigurable power electronics. This strategy provides a pathway to large volume commercialization of fuel cell power systems. Our innovative technology is customer centric and is driven by a commercialization reality that provides opportunities for the rapid integration of fuel cell power systems for markets typically restricted by the lack of a hydrogen infrastructure and allows for a common fuel cell architecture accross multiple application areas. This “Blue Ocean” strategy is fundamental to GEI’s success.

Their initial product offering is the GEI proprietary X5 Smart Adaptable Fuel Cell Auxiliary Power Unit, i.e. “GEI X5”. The GEI X5 has the competitive advantage of providing multiple user programmable power output channels over a wide voltage and current range that operate concurrently and independently. The GEI X5 innovation provides customers significant flexibility relative to the use of fuel cell APU’s for multiple applications with varying currents and voltages with a single fuel cell stack input.

Currently, fuel cell auxiliary units (APU’s) are designed for a single voltage output which limits the widespread commercialization of the technology, requires increased engineering and design cost for fuel cell system providers for different applications. Of most importantly the current architecture keeps the APU system cost high which limits user acceptability. Additionally, the GEI X5 smart APU provides for multiple input voltage sources, as well as multiple output power sources, to accommodate other renewable sources such as wind and solar power in addition to fuel cells.

In a nutshell, the GEI X5 de-couples the fuel cell input from the application output and allows the customer to customize the GEI X5 to individual current and voltage needs for multiple applications operating independently and concurrently. We feel our power electronics innovation is a “game changer”and will help to rapidly accelerate the adoption of fuel cell APU’s for multiple and concurrent everyday applications.

Practical Application Advantages

The advantages for commercial trucking, military, recreation vehicles, and marine applications are:

  1. Provides multiple reprogrammable output power channels supporting devices that operate at different voltages to maximize efficiency. For example, often for marine applications it is not uncommon to require 12V DC, 24VDC and 110VAC buss voltages.
  2. Allow OEM’s to provide a single platform for both US, South American, Asia and European markets that often require a different voltage bus.
  3. Allows for emergency DC/AC export power for emergency disaster relief that often require varying and uncertain power requirements.

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Strategic Global Investments, Inc. – STBV


Strategic Global Investments provides live streaming video content and related digital advertising via its websites and social media. The company’s online business is divided into the two segments—WaZillo, and WaZilloMedia—as summarized on the right.

The convergence of a number of key social, technical, and economic factors are driving the market and making this the right time for Strategic’s online solutions.

Video: There is no question that online video continues to boom. According to Internet audience measurement firm comScore Media Metrix, video watching now accounts for approximately one-eighth of Americans’ total time spent on the Internet.

Broadband: A key driver for streaming video has been broadband access, which has been rapidly adopted over the past ten years. More than 85% of all Americans now use broadband access from their homes.

Mobile Connectivity: The growth in mobile media usage is largely attributable to the growth in smartphone adoption, 3G/4G device ownership and the increasing ubiquity of unlimited data plans, all of which facilitate the consumption of mobile media.

Search: Online it’s easy to find information. Major search engines are among the most heavily trafficked sites on the Web. People are increasingly turning to the Web—and not solely search engines—as their source of information for making decisions of all types.

Immediacy: Sparked by Facebook and Twitter, the real-time trend represents the growing demand for immediacy in people’s activities and interactions. Immediacy is compelling, engaging, and highly addictive—it’s a sense of living in the now.

Demographics: Adults in their twenties and thirties are the most socially active age group. They like to go out to meet new people, socialize with their friends, people watch, and dance. In the U.S. 27% of the population is between the ages of twenty and forty—82.9 million people in total.

The expectation of real-time, on demand information is becoming a part of every aspect of people’s lives. Strategic Global Investments is positioned to benefit as people’s focus and purchasing dollars continue to shift to online resources.

Company Website;

http://www.StrategicGlobalInvestments.net

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China opens monopoly probe into Qualcomm


Qualcomm Inc. said a Chinese government agency is investigating the chip maker under the country’s antimonopoly law, a probe that comes amid rising tensions affecting U.S. companies in the fast-growing market for high-tech products.

Qualcomm’s chief executive recently acknowledged that U.S. restrictions on Chinese companies and revelations about surveillance by the National Security Agency are affecting its business in China.

But close scrutiny of Qualcomm’s business practices in Asia began long before recent NSA revelations. The company is the largest maker of processors and communications chips for mobile phones, serving customers that include Apple Inc. and Samsung Electronics Co. It has a particularly dominant position in the high-speed technology called LTE that Chinese carriers are moving to adopt.

Qualcomm charges patent royalties to handset makers that use its chips, and dealings associated with that business have triggered antitrust cases in South Korea and Japan. The company is appealing adverse rulings in both countries.

The company said Monday it isn’t aware of any activity that violates the antimonopoly law and will continue to cooperate with the National Development and Reform Commission, which partly oversees antitrust issues and commenced the investigation.

China has been using its five-year-old antimonopoly law to push down prices in a variety of industries ranging from cars to baby formula. Experts say the efforts are part of a move to keep a lid on inflation, even as the new law helps give Beijing a greater say in the global marketplace.

Chinese firms have invested heavily in technology, helping to build industry giants like Huawei Technologies Co. and ZTE Corp. Much of the investment has come amid prodding by Beijing, which wants to shift away from China’s traditional dependence on cheap manufacturing to sell innovative products that can compete globally.

Qualcomm maintained a 53% share of the global market for smartphone processors in the second quarter of 2013, according to Strategy Analytics. It beat most rivals to market with chips that can use LTE networks, and is particularly strong in chips that can also communicate using older cellular technologies.

The company’s share of such LTE chips stood at greater than 98% in 2012, estimates Will Strauss, an analyst with Forward Concepts.

Meanwhile, smartphone makers that want to combine LTE with older technologies face the prospect of paying Qualcomm a patent royalty. “A lot of people dislike that,” Mr. Strauss said.

In semiconductors, China lags well behind foreign competitors, in some cases using acquisitions to try to catch up.

In July Tsinghua Unigroup Ltd., a state-run company, agreed to acquire Spreadtrum Communications Inc., and earlier this month it struck a deal to acquire RDA Microelectronics Inc., a wireless chipset maker.

Qualcomm recorded about $12.3 billion in revenue from China in the fiscal year ended in September, or about half of the company’s total revenue.

At an analyst meeting in New York last week, Chief Executive Paul Jacobs discussed the prospects of even larger sales in China as LTE networks begin launching in 2014.

Separately, in an interview with The Wall Street Journal, Mr. Jacobs said the de facto U.S. ban on telecom gear maker Huawei and revelations about NSA spying are affecting its business in the country. Recently, Cisco Systems Inc. executives suggested Chinese customers, particularly those with government ties, may be cutting purchases of U.S. tech gear in response to fallout from such issues.

“We are definitely seeing increased pressure,” Mr. Jacobs said. “All U.S. tech companies are seeing pressure.”

Mr. Jacobs stopped short of saying the pressure hurt Qualcomm’s sales, but he did say it affected the way the company operated in China.

“[You] have to be very cautious,” he said. “We are always very careful with whatever steps we take. How we sell. How we interact.”

Qualcomm works with some local Chinese manufacturers and builds some of its computer chipsets in mainland China, Mr. Jacobs said. The company doesn’t build cutting-edge technology there, however.

A U.S. congressional investigation last year concluded that Huawei and ZTE pose security risks to the U.S. because their telecom equipment could be used for spying on Americans. Huawei and ZTE have repeatedly denied the allegations.

In many countries, Mr. Jacobs said, local companies “can complain and get government support” that could lead to an investigation of a foreign company. “That stuff happens,” he said. “I think Huawei looks at it.”

Since 2009, when China used the new antimonopoly law to break apart Coca-Cola Co.’s $2.4 billion effort to acquire a Chinese juice maker, Beijing has shown its willingness to use the law against foreign companies.

Still, domestic companies haven’t been immune. Two years ago, the NDRC said it was looking into state-run telecom giants China Unicom (HK) Ltd. and China Telecom Corp. for potential anti-monopolistic practices.

The two later said they would increase broadband speeds and lower prices.

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SOURCE: http://www.marketwatch.com/story/china-opens-monopoly-probe-into-qualcomm-2013-11-25

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Medient Studios, Inc. (OTCQB: MDNT)


Medient Studios, Inc. (OTCQB: MDNT) is an entertainment content creation company with a strong presence in North America, Europe and India. Medient’s management team has approximately 150 years of experience in the motion picture industry and is responsible for producing and/or financing over 250 movies. Medient is realigning the content creation process to enable efficiencies of scale and eliminate process waste by building a fully integrated movie and game production facility and campus on a 1550 acre property in Effingham County, Georgia. Once operational this production facility will be the largest of its kind in the United States.

The Company has produced a broad spectrum of films across various genres. These include such films as “Bombay Boys”, a genre-defining Indie film that carried Indian cinema beyond the “song and dance” routine of Bollywood, and the award-winning Malayalam film “Aakshagopuram”, which was the first Indian film to be entirely produced outside of that country. The film, which bought together talent from India and the UK, set a new benchmark in East – West collaboration. “Storage 24″, a British horror film starring BAFTA award winner Noel Clarke was produced by Medient and released in 2012 by Universal Pictures.

Medient’s latest film, “Yellow”, is directed by Nick Cassavetes (The Notebook) and premiered to rave reviews and audience acclaim at the 2012 Toronto International Film Festival (“TIFF”). Critic reviews from TIFF included “surreal imagination”…”bizarre parallel realities”…”wildly inventive”…and “a cinematic trip of mind-bending proportions”.

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Shuffle Master Q3 profit rises but misses estimate


Shuffle Master Inc.’s SHFL +1.31% fiscal third-quarter profit rose 14% as the gambling-equipment company continued to benefit from strong demand for its electronic gambling machines, helped by a client in Asia.

However, results missed Street expectations, and shares dropped 7.7% after-hours to $14.25. Through Monday’s close, the stock was up 32% so far this year.

Revenue and earnings have been on a sustained upswing for Shuffle Master, which makes automatic card shufflers, roulette chip sorters, video slot machines and electronic table game platforms. The company’s recent focus on its leasing and royalties business has lent it a predictability that is uncommon for the casino industry.

Shuffle Master in June scuttled its plans to buy online poker company Ongame Network Ltd., basing its decision on lower-than-expected results from Ongame’s operations and continued obstacles in the legalization of online gambling in the U.S.

For the quarter ended July 31, Shuffle Master posted a profit of $10.4 million, or 18 cents a share, up from $9.1 million, or 17 cents a share, a year earlier.

Revenue improved 8.7% to $63.4 million.

Analysts polled by Thomson Reuters recently predicted per-share earnings of 20 cents a share on revenue of $68 million.

Gross margin widened to 63.1% from 62.1%.

Revenue from Shuffle Master’s leasing and royalties business grew 12%, while product sales and services posted 6% higher revenue.

Revenue from electronic gambling machines grew 11%, driven by a large sale to a customer in the Philippines, as well as sales of an add-on to its popular Equinox slot machine cabinet. The electronic table systems segment’s recurring revenue increased 2%, while the proprietary table games unit reported that recurring revenue was up 17%.

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SOURCE: http://www.marketwatch.com/story/shuffle-master-q3-profit-rises-but-misses-estimate-2012-09-10

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China Sunergy Q2 loss widens as sales decline


China Sunergy Co.’s CSUN -5.00% second-quarter loss widened as the solar cell and module maker’s sales continued to slide.

Weakened demand in key European markets and oversupply remain nagging headwinds across the solar products industry. China Sunergy had previously cautioned it expected those challenges to persist “at least” through the first half of 2012. But on Thursday, the company said it now believes weak market demand and industry oversupply will also continue for the second half.

Despite those pressures, the company managed to meet its shipments forecast for the latest quarter. Shipments totaled 150.3 megawatts for the period, compared with its prediction for shipments between 145 megawatts and 155 megawatts.

China Sunergy reported a loss of $30.3 million, or $2.26 a share, compared with a loss of $16.9 million, or $1.27 a share, a year earlier. Sales dropped 23% to $110.4 million.

Average selling price per watt for solar modules fell 13% from the first quarter. China Sunergy had warned earlier this month that the average selling price and revenue recognized for sales denominated in the euro was less than expected after being translated into the U.S. dollar.

Gross margin swung to negative 0.3% from positive 2.6%, missing its Aug. 14 prediction of gross margin at the breakeven level.

For the third quarter, the company predicted shipments in the range of 80 megawatts to 85 megawatts. China Sunergy also expects to post a loss for the period with gross margin at the breakeven level.

American depositary shares closed Wednesday at $1.60 and were inactive premarket. The stock is off 59% over the past year.

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SOURCE: http://www.marketwatch.com/story/china-sunergy-q2-loss-widens-as-sales-decline-2012-08-30

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CareFusion to discuss accounting option with SEC


CareFusion Corp. CFN -0.15% said it will delay filing its annual earnings report for the latest fiscal year with the Securities and Exchange Commission to discuss the medical-device company’s accounting policy for sales-type leases in its Pyxis dispensing-product line.

The company said that, while it has consistently applied its policy for more than 10 years, it “was made aware of a potential alternative application of the accounting rules and thought it prudent to discuss the matter directly with the SEC” before submitting its financial report. Under SEC rules, CareFusion will have until Sept. 13 to complete the filing.

If there are no objections to its current accounting policy, the company plans to file its report without any changes to the results released on Aug. 9, Chief Financial Officer Jim Hinrichs said.

CareFusion, which affirmed its guidance for the recently started fiscal year, said it doesn’t expect the matter will have a meaningful effect on expected revenue, earnings or cash flow.

The company, which sells systems that dispense medication as well as drug-infusing systems and respiratory equipment, was spun off from Cardinal Health Corp. (CAH) in 2009. Since then, it has shed several noncore businesses and completed several acquisitions.

Shares were unchanged at $26.46 in light after-hours trading.

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SOURCE: http://www.marketwatch.com/story/carefusion-to-discuss-accounting-option-with-sec-2012-08-29

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