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Domain Properties Releases 2011 NYC Hotel Market Forecast and Moves into Future

May 1, 2012 By

Domain Properties Releases 2011 NYC Hotel Market Forecast and Moves into Future











Hotels For Sale NYC by Domain 646-403-4441


New York, NY (PRWEB) November 14, 2010 –-

Domain Properties, a well-known name among buyers and sellers in the Manhattan hotel industry, has released its latest report about NYC hotels.

Their recent edition ‘Manhattan Hotel Industry in NYC – 2011 NYC Hotel Market Forecast and 2010 Overview – Buyers & Sellers – Third Edition’ focuses on the future of the NYC hotel industry but also analyzes how the industry fared in 2010. According to Domain Properties, NYC hotels flourished in 2010 and the industry can expect more of the same during 2011 and beyond.

Their report notes that “the Manhattan hotel industry was favorable to everyone in the first eight months of 2010.” Domain Properties says that NYC is getting ready to welcome 46.7 million visitors by the end of 2010. They list NYC hotels planned for the last quarter of 2010 as well as into 2011-2012.

Before the beginning of the new year, more hotels will be built in Lower Manhattan, Brooklyn, and Queens. Domain Properties is moving into the future with confidence. They see significant development on the way in 2011 for the Manhattan hotel industry.

The knowledgeable team at Domain Properties explains in their report, “Thirty-one properties (7,523 rooms) are expected to be developed in New York City between 2010 and 2011. That number is 10.7% of the 2009 NYC room count. By the end of 2011, Manhattan will have 77,943 hotel rooms. Boutique hotels will account for 48% of that development with full-service hotels making up 19% of the proposed properties.”

Domain Property’s ’2011 NYC Hotel Market Forecast’ makes encouraging predictions about future activity in the Manhattan industry. The detailed report suggests that “RevPAR is predicted to increase by 4.6% by the end of 2010, almost 10% in 2011, and a repeat of double digit percentages in 2012 and 2013. It is believed that NYC RevPAR will return to its peak level in 2014.”

No doubt, Domain Properties knows the Manhattan hotel industry. They work ‘strictly confidential’ with all parties in the NYC hotel industry including buyers and sellers, hospitality investment groups and real estate developers, as well as foreign investors. For sellers, they provide pro forma projection and expert negotiation (hotel management, hotel performance analyst).

Hotel owners always get a CNDA (confidentiality non-disclosure agreement) from each potential principal brought to the table by Domain Properties. The CNDA is set up prior to releasing the hotel profile to a buyer. Hotel sellers choose Domain Properties because sellers know that this reputable firm will work ‘strictly confidential’ on their behalf. Buyers know that Domain Properties works only with principals. Their experienced team can also offer advice about hedge funds and REITs, 1031 Exchange Properties and other real estate investment opportunities in New York City

For more information about the current state and future outlook for OFF MARKET NYC hotels and properties, contact Haim Yagen. For up-to-date data about the Manhattan hotel industry, visit http://www.domain-properties.com/Hotels_For_Sale_NYC.cfm If you want to take advantage of a promising market, let Domain Properties be your guide to a successful investment in the NYC hotel industry.

About Domain Properties:

Domain Properties, a professional team of industry experts, are changing the face of New York City real estate. Their experienced staff specializes in sales and leasing of NYC properties. Domain Properties specializes in sales for OFF MARKET hotels and property as well as Office Building For Sale, Multifamily Apartment Building, Luxury Condominium Sales and Apartment Rentals in New York City. Their expert professionals can arrange leases for buildings, offices, or NYC retail space. With their expertise and knowledge of the real estate industry, Domain Properties always discovers the best deals in New York City real estate.

Contact:

Haim Yagen

Domain Properties

234 5th Ave

New York NY 10001

T: 646-403-4441

http://www.domain-properties.com/Hotels_For_Sale_NYC.cfm

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Andrews Kurth Elects Ten New Partners for 2011

April 18, 2012 By

Andrews Kurth Elects Ten New Partners for 2011











Houston, TX (Vocus) November 29, 2010

Andrews Kurth LLP announced today the election of ten of its lawyers to the partnership. Monica S. Blacker, Nancy B. Bostic, Jeffrey M. Butler, Heather McLemore Chenoweth, Timothy A. “Tad” Davidson II, Austin D. Jones, Allison D. Mantor, Matthew G. Nielsen, Paul Radich, and Mitchell A. Reid, will assume their new positions on January 1, 2011.

“This group of new partners carries on a tradition at Andrews Kurth of recognizing exemplary legal talent,” said Bob Jewell, Managing Partner. “The addition of these new partners will allow us to continue to build on the excellence of our people and provide value to our clients every day.”

MONICA S. BLACKER | DALLAS

Monica’s practice includes representation of debtors, secured and unsecured creditors, and creditors’ committee in Chapter 11 bankruptcy proceedings. Monica’s practice focuses on out-of-court workouts and in-court bankruptcies. In the recent years, her focus has been on real estate cases, representing major lending institutions. Monica’s recent cases have included NextMedia Group, Inc., BroadStar Wind Systems Group, LLC, DBSI, Inc., M.B.S. Properties and Kitty Hawk, Inc. Monica received her J.D., cum laude, in 1996 from Southern Methodist University Dedman School of Law and her B.B.A., cum laude, in 1993 from James Madison University.

NANCY B. BOSTIC | HOUSTON

Nancy’s practice includes representing publicly-traded and privately-held companies and venture capital funds in equity and debt securities offerings and mergers and acquisitions, including public company competitive bidding contests, valued from $ 25 million to $ 1 billion. Nancy has extensive experience in recapitalizations and joint ventures requiring complex LLC and partnership agreements. Nancy recently represented Hilcorp Energy Company in a $ 400 million investment by Kohlberg Kravis Roberts & Co. in a newly-formed partnership to own and develop Hilcorp’s oil and gas properties in Texas, represented Magellan Midstream Partners in a $ 65 million development agreement with a private investment group to construct crude oil storage facilities in Oklahoma and represented Atlas Holdings LLC in $ 50 million acquisition of an energy-from-waste plant in Michigan. Nancy received her LL.M. in Taxation in 1996 from New York University School of Law, her J.D., cum laude, in 1995 from Pepperdine University School of Law and her B.A. in 1991 from Tufts University.

JEFFREY M. BUTLER | HOUSTON

Jeff’s practice includes a broad range of business transactions, with focus in the areas of banking, finance, real estate and mergers and acquisitions. His experience includes representing lenders and borrowers in secured lending transactions, project financings and commercial loans, as well as representing buyers and sellers of commercial and residential real estate and representing landlords and tenants in office and retail leasing transactions. His experience also includes representing both buyers and sellers in asset and equity purchases in a variety of fields, including oil and gas and energy-related industries, and representing both debtors and creditors in bankruptcy matters. Jeff received his J.D., magna cum laude, in 2002 from the University of Houston Law Center and his B.A. in 1996 from The University of Texas.

HEATHER McLEMORE CHENOWETH | HOUSTON

Heather’s experience includes representation of issuers and underwriters in public and private offerings of equity and debt securities, as well as representing corporate clients in mergers and acquisitions. She has extensive experience with master limited partnerships. Heather also advises public companies regarding compliance with the corporate governance requirements of the Sarbanes-Oxley Act, the periodic reporting requirements under the Securities Exchange Act of 1934 and other general corporate and securities matters. Most recently, she represented the acquirer in the $ 8.0 billion merger with Enterprise GP Holdings L.P., the special committee of the board of directors of the target in the $ 1.9 billion merger with Inergy L.P., and the underwriters in the initial public offering by Oasis Petroleum Inc., the largest U.S. IPO then priced year to date in 2010 and the first onshore exploration and production company to go public since 2007. Heather received her J.D. and M.B.A. in 1998 from The University of Texas School of Law/McCombs School of Business and her B.A. in 1992, with honors, in Political Science from The University of Texas.

TIMOTHY “TAD” A. DAVIDSON II | HOUSTON

Tad’s practice includes representing debtors, secured and unsecured creditors, and various committees in Chapter 11 reorganizations across the country. His practice also focuses on pre-bankruptcy workouts and distressed real estate transactions as well as advising clients on insolvency and counter-party risks related to mergers, acquisitions and general corporate transactions. Tad received his J.D. in 1999 from Emory University School of Law and his B.A., cum laude, in 1994 from University of South Carolina.

AUSTIN D. JONES | DALLAS

Austin’s practice focuses on litigation with an emphasis on commercial litigation and oil and gas litigation involving upstream and midstream segments of the industry. As a part of his commercial practice, Austin has handled cases in both state and federal courts involving contract disputes, deceptive trade practices, cyberpiracy, intellectual property, fraud, breach of fiduciary duty, conspiracy, misappropriation of confidential information, and breach of warranty. In connection with his oil and gas practice, Austin has represented producers and processors in state court and arbitration proceedings involving a wide range of matters, including royalty litigation, lease termination cases and disputes arising under operating agreements. Austin is a member of the IT Steering Committee and often counsels clients regarding e-discovery matters. Austin received his J.D. in 2001 from The University of Texas School of Law and his B.A. in 1997, magna cum laude, from Southwestern University in Georgetown.

ALLISON D. MANTOR | HOUSTON

Allison’s practice includes experience in various federal income tax matters with an emphasis on domestic business transaction planning. She has significant experience advising publicly-traded partnerships (MLPs) on capital formation, acquisition and recapitalization activities and has served as tax counsel to both issuers and underwriters in connection with numerous MLP initial public and follow-on offerings. Allison also advises clients on federal income tax issues in mergers and acquisitions, including tax-free reorganizations. Allison received her J.D. in 1989, with high honors from The University of Texas School of Law and her B.B.A. in 1985, with highest honors from The University of Texas.

MATTHEW G. NIELSEN | DALLAS

Matthew practices in the firm’s Corporate Compliance, Investigations and Defense group. His practice focuses on conducting internal investigations; assisting clients in civil and criminal matters before the U.S. Department of Justice, the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (FINRA), state securities boards, and state attorneys general; and representing clients in securities litigation. In his investigation practice, Matthew has represented boards of directors, audit committees, and small to Fortune 100-companies in matters that include alleged violations of federal and state securities laws, embezzlement and self-dealing, earnings manipulation and other accounting fraud, Medicaid fraud, and Foreign Corrupt Practices Act violations. In his regulatory work, Matthew represents public companies, directors and officers, accountants, broker-dealers, investment advisers, and registered individuals in SEC and FINRA compliance examinations and enforcement investigations and proceedings. Matthew also has substantial litigation and trial experience, in state and federal court, as well as arbitration, successfully handling disputes that include securities fraud, shareholder and closely-held company litigation, legal and accounting malpractice, employment discrimination, complex contractual matters, and injunctions. Matthew received his J.D., magna cum laude, in 2001 from Baylor Law School and his B.B.A. (Finance), cum laude, in 1998 from Texas Christian University.

PAUL RADICH | AUSTIN & HOUSTON

Paul focuses his practice on counseling governmental entities regarding litigation challenges that occur in the public sector. He has handled cases in both state and federal courts, at the trial and appellate levels. Specifically, Paul handles disputes involving eminent domain, ad valorem taxes, voting rights, civil rights, contract disputes, construction and commercial litigation, tort litigation, election contests, annexation and municipal incorporation, and land-use disputes, including zoning, deed restriction, sign control and other regulatory matters. Paul has participated in a number of jury trials, including the successful dismissal in late 2008 of a multi-million dollar condemnation case in which the firm’s client was awarded over $ 1 million in fees and costs. Paul received his J.D., magna cum laude, in 2001 from the University of Houston Law Center and his B.A., magna cum laude, in 1998 from the University of North Texas.

MITCHELL A. REID | HOUSTON

Mitch’s practice consists of commercial litigation, including life, health and disability insurance litigation, and business torts. His practice focuses on ERISA and all aspects of managed care litigation, including extensive experience in ERISA benefits litigation, bad faith insurance practices litigation, prompt pay litigation and provider litigation, including contractual and extra-contractual disputes with providers and hospitals. Additionally, Mitch has a significant amount of experience in oil and gas disputes, toxic tort litigation, contract disputes, debt collection, Freedom of Information Act (FOIA) disputes and False Claims Act and qui tam actions. Mitch received his J.D., cum laude, in 2002 from the University of Houston Law Center and his B.A. in 1995 from the Indiana University.

ABOUT ANDREWS KURTH LLP

For more than a century, Andrews Kurth has built its practice on the belief that “straight talk is good business.” Real answers, clear vision and mutual respect define the firm’s relationships with clients, colleagues, communities and employees. With 400 lawyers and offices in Austin, Beijing, Dallas, Houston, London, New York, The Woodlands and Washington, DC, Andrews Kurth represents a wide array of clients in multiple industries. For more information about Andrews Kurth, please visit andrewskurth.com.

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Filed Under: Foreign Exchange Tagged With: , , , ,

IBC Advanced Alloys Reports First Quarter 2011 Financial Results

April 15, 2012 By

IBC Advanced Alloys Reports First Quarter 2011 Financial Results











IBC Advanced Alloys Corp.


Vancouver, British Columbia (Vocus/PRWEB) November 30, 2010

IBC Advanced Alloys Corp. (TSX.V:IB) (“IBC” or the “Company”) today reported its financial results for the three-month period ending September 30, 2010. All currency amounts are expressed in US dollars. For the three-month period ended September 30, 2010, the Company reported revenues of $ 5.66 million, up 119% from the same period in 2009. The net loss for the period was $ 673,000, down 16% from the first quarter loss in the comparative period. The loss before income taxes and amortization (“EBITDA”) for the quarter was $ 92,000 compared to a loss of $ 340,000 in 2009.

The increase in revenues and improved financial performance demonstrate a strong sustained recovery in demand for the Company’s advanced alloy products. The Company continues to invest in growth through the expansion of its manufacturing operations and several business development initiatives. Ongoing investments in customer priorities, market development and production efficiencies helped IBC achieve its fourth consecutive quarter of revenue growth.

During the previous fiscal year the Company stepped up its reorganization and consolidation efforts to establish the copper alloys division and the beryllium-aluminum alloys division. The Company has also focused on centralizing key functions which has strengthened and streamlined its manufacturing and distribution capabilities. These initiatives underpin IBC’s core strategy of building a global vertically integrated advanced alloys Company to better serve the growing worldwide market and to take advantage of complementary opportunities in the increasingly important advanced alloys and rare metals market.

“IBC is off to a strong start in fiscal 2011, turning in its best first quarter so far, with record first-quarter revenue, and other positive improvements, with all key performance indicators,” said Anthony Dutton, President & CEO of IBC Advanced Alloys Corp. “This quarter IBC saw increasing confidence from its customer base as general economic conditions improved and the Company is focused on continued investments in growth, both domestically and internationally.”

About IBC Advanced Alloys Corp.

IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications, and a range of industrial applications. IBC has 81 employees and is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. Additionally, IBC owns prospective beryllium properties in the Western US covering approximately 9,500 hectares. IBC is creating a dynamic global beryllium and advanced alloys company. IBC’s common shares are traded on the TSX Venture Exchange under the symbol “IB”.

See IBC on Facebook.

This news release was prepared by management of IBC, which takes full responsibility for its contents. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Legal Notice Regarding Forward Looking Statements

This disclosure contains certain forward-looking statements including expectations about future operating results and the benefits of relocating our beryllium-aluminum division that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing operations and mineral exploration, therefore the Company’s future results, performance or achievements could differ materially from those expressed in these forward-looking statements will transpire. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

###





















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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TAG Oil Reports Second Quarter 2011 Financial Results and Operational Highlights

April 15, 2012 By

TAG Oil Reports Second Quarter 2011 Financial Results and Operational Highlights











Sidewinder-1 discovery stabilized flow rate 1461 BOE per day

Vancouver B.C. (PRWEB) December 3, 2010

TAG Oil Ltd., (TSX-V: TAO) a Canadian-listed, New Zealand-focused oil production and exploration company, is pleased to provide an operational update and advises that the Company has filed its second quarter financial report for the period ended September 30, 2010. All figures reported are in Canadian dollars unless otherwise noted.

TAG Recent Highlights:

    Production revenue for second quarter of $ 2.41 million.
    Successful workover operations completed on Cheal-B3 and Cheal-1 increase daily production.
    TAG acquires Cardiff condensate-rich deep gas discovery.
    Sidewinder-1 oil and gas discovery in PEP 38748 is drilled.
    Cheal-BH-1 horizontal well is drilled and completed.
    $ 60 million bought-deal equity financing closed.
    Rig agreement signed for five wells, with an additional five-well option starting early 2011.

Taranaki Basin Operations

TAG is anticipating substantial near-and-long-term production growth in Taranaki through development of multiple oil and gas discoveries within the Company’s 100%-controlled Taranaki Basin assets. The

Company plans to drill up to 10 prospects identified on 3-D seismic coverage, commencing in early 2011. This program consists of development and step-out wells within Cheal and further exploration wells in the Sidewinder project area.

For further information on TAG Oil’s Operations please visit http://www.tagoil.com/operations.asp

Sidewinder-1 Oil / Gas Discovery

TAG plans to immediately proceed with development and the commercialization of Sidewinder-1. The Sidewinder-1 exploration well was drilled to 1601m and encountered 14m of net (22m gross) oil-and-gas-bearing sandstones with excellent reservoir porosities and permeability. A 10-day production test recorded stabilized flow rates of 1461 barrels of oil equivalent (“BOE”) per day, consisting of 8.5 million cubic feet of gas and 44 barrels of oil per day.

Subsequent interpretation of bottom hole pressure build-up data indicated no measurable pressure depletion, and the extended unrestricted flow rate was calculated at 30 million cubic feet of gas per day. Production forecast modeling has focused initially on gas to date and results indicate the initial flow rates anticipated from Sidewinder-1 to be greater than 10 million cubic feet of gas per day declining over 36 months to rates still in excess of 5 million cubic feet of gas per day. Production profiles and facility plans also anticipate oil contributing more significantly to daily flow rates over time, which would be consistent to analogous oil and gas fields nearby Sidewinder.

With Sidewinder’s close proximity to existing gas and oil infrastructure, combined with New Zealand’s low royalties and oil and gas prices that are substantially higher than in North America, development of the Sidewinder discovery will be cost-effective, efficient and commercially attractive.

Cheal Oil and Gas Field

Cheal-B3, the second Mt. Messenger vertical well that TAG Oil recently optimized, has recorded significantly improved oil and gas production rates during the 50 days since the workover was completed.

Cheal-B3 is currently producing 330 BOE per day (290 barrels of oil and 40 BOE of gas per day) compared to 156 BOE per day (140 barrels of oil and 16 BOE of gas) prior to the workover operations.

The Cheal-BH-1 horizontal well reached total depth of 2285m, including a 550m horizontal section within the Mt. Messenger Formation (1735-2285m). Uphole mudlogs have recorded better than expected oil and gas shows within the secondary Urenui Formation target at a depth of approximately 1400m. In the Mt. Messenger horizontal section of the well, a total of 430m of continuous reservoir was encountered with high oil and gas readings during the drilling operations. The multi-phase fracture stimulation of the horizontal section of the well has now been completed and the Company has mobilized a coil-tubing unit to prepare the well for production testing, commencing approximately December 5, 2010.

Current production from the Cheal Field is 570 BOE per day consisting of 490 barrels of oil and 80 BOE of gas per day.

Summary of Second Quarter Results

The Company recorded production revenue of $ 2.41 million (six months: $ 4.23 million) and a net loss for the three-month period of $ 508,823 (six month loss: $ 389,384). Expenditures on the Company’s oil and gas properties during the quarter totaled just under $ 3.5 million (six months: $ 5.3 million) relating primarily to costs of the Cheal-B3 and Cheal-1 optimization operations and the Cheal-BH-1 horizontal well and the Sidewinder-1 vertical exploration well.

Liquidity and Capital Resources

The Company ended the second quarter of the 2011 fiscal year with 37,646,608 shares outstanding (44,291,060 fully diluted) with no debt, $ 23.96 million in cash and $ 22.9 million in working capital.

Subsequent to September 30, 2010 the Company issued a total of 11,550,000 common shares at a price of $ 5.20 per share for aggregate gross proceeds of $ 60,060,000, inclusive of the over-allotment option granted to the Underwriters.

This news release summarizes the Company’s 2011 second-quarter results of operations and financial condition and should be read in conjunction with its Quarterly Report, which contains unaudited consolidated financial statements and Management’s Discussion and Analysis. Copies of these documents can be obtained electronically at: http://www.sedar.com or through the Company’s website http://www.tagoil.com/financial-reports.asp.

Contact:

Dan Brown or Garth Johnson

TAG Oil Ltd. 1-604-682-6496

Website: http://www.tagoil.com

“BOE”s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Cautionary Note Regarding Anticipated Results and Forward-Looking Statements:

Statements contained in this news release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of TAG Oil. These statements are based on certain factors and assumptions including those relating to TAG Oil’s successful exploration and development of its oil and gas properties within Cheal and the Sidewinder project area, the production of oil and gas in accordance with TAG Oil’s expectations at Cheal and at Sidewinder-1, oil and gas price assumptions and fluctuations, foreign exchange rates, expected growth, results of operations, performance, prospects, evaluations and opportunities and effective income tax rates. While TAG Oil considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Actual results may vary materially from the information provided in this release, and there is no representation by TAG Oil that the actual results realized in the future will be the same in whole or in part as those presented herein.

TAG Oil is involved in the exploration for and production of hydrocarbons and all of its current property holdings, with the exception of the Cheal Oil Field and Sidewinder-1 project area, are in the grass roots or primary exploration stage. Exploration for hydrocarbons is a speculative venture necessarily involving substantial risk. There is no certainty that the expenditures incurred on TAG Oil’s exploration properties will result in discoveries of commercial quantities of hydrocarbons. TAG Oil’s future success in exploiting and increasing its current reserve base will depend on TAG Oil’s ability to develop its current properties and on its ability to discover and acquire properties or prospects that are producing. But, there is no assurance that TAG Oil’s future exploration and development efforts will result in the discovery or development of additional commercial accumulations of oil and natural gas.

Other factors that could cause actual results to differ from those contained in the forward-looking statements related to upcoming operations, production forecast modeling and other items that are set forth in, but are not limited to, filings that the TAG Oil and its independent evaluator have made, including the TAG Oil’s most recent reports in Canada under National Instrument 51-101.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

###





















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Filed Under: Foreign Exchange Tagged With: , , , , , , ,

TAG Oil Reports Second Quarter 2011 Financial Results and Operational Highlights

April 15, 2012 By

TAG Oil Reports Second Quarter 2011 Financial Results and Operational Highlights











Sidewinder-1 discovery stabilized flow rate 1461 BOE per day

Vancouver B.C. (PRWEB) December 3, 2010

TAG Oil Ltd., (TSX-V: TAO) a Canadian-listed, New Zealand-focused oil production and exploration company, is pleased to provide an operational update and advises that the Company has filed its second quarter financial report for the period ended September 30, 2010. All figures reported are in Canadian dollars unless otherwise noted.

TAG Recent Highlights:

    Production revenue for second quarter of $ 2.41 million.
    Successful workover operations completed on Cheal-B3 and Cheal-1 increase daily production.
    TAG acquires Cardiff condensate-rich deep gas discovery.
    Sidewinder-1 oil and gas discovery in PEP 38748 is drilled.
    Cheal-BH-1 horizontal well is drilled and completed.
    $ 60 million bought-deal equity financing closed.
    Rig agreement signed for five wells, with an additional five-well option starting early 2011.

Taranaki Basin Operations

TAG is anticipating substantial near-and-long-term production growth in Taranaki through development of multiple oil and gas discoveries within the Company’s 100%-controlled Taranaki Basin assets. The

Company plans to drill up to 10 prospects identified on 3-D seismic coverage, commencing in early 2011. This program consists of development and step-out wells within Cheal and further exploration wells in the Sidewinder project area.

For further information on TAG Oil’s Operations please visit http://www.tagoil.com/operations.asp

Sidewinder-1 Oil / Gas Discovery

TAG plans to immediately proceed with development and the commercialization of Sidewinder-1. The Sidewinder-1 exploration well was drilled to 1601m and encountered 14m of net (22m gross) oil-and-gas-bearing sandstones with excellent reservoir porosities and permeability. A 10-day production test recorded stabilized flow rates of 1461 barrels of oil equivalent (“BOE”) per day, consisting of 8.5 million cubic feet of gas and 44 barrels of oil per day.

Subsequent interpretation of bottom hole pressure build-up data indicated no measurable pressure depletion, and the extended unrestricted flow rate was calculated at 30 million cubic feet of gas per day. Production forecast modeling has focused initially on gas to date and results indicate the initial flow rates anticipated from Sidewinder-1 to be greater than 10 million cubic feet of gas per day declining over 36 months to rates still in excess of 5 million cubic feet of gas per day. Production profiles and facility plans also anticipate oil contributing more significantly to daily flow rates over time, which would be consistent to analogous oil and gas fields nearby Sidewinder.

With Sidewinder’s close proximity to existing gas and oil infrastructure, combined with New Zealand’s low royalties and oil and gas prices that are substantially higher than in North America, development of the Sidewinder discovery will be cost-effective, efficient and commercially attractive.

Cheal Oil and Gas Field

Cheal-B3, the second Mt. Messenger vertical well that TAG Oil recently optimized, has recorded significantly improved oil and gas production rates during the 50 days since the workover was completed.

Cheal-B3 is currently producing 330 BOE per day (290 barrels of oil and 40 BOE of gas per day) compared to 156 BOE per day (140 barrels of oil and 16 BOE of gas) prior to the workover operations.

The Cheal-BH-1 horizontal well reached total depth of 2285m, including a 550m horizontal section within the Mt. Messenger Formation (1735-2285m). Uphole mudlogs have recorded better than expected oil and gas shows within the secondary Urenui Formation target at a depth of approximately 1400m. In the Mt. Messenger horizontal section of the well, a total of 430m of continuous reservoir was encountered with high oil and gas readings during the drilling operations. The multi-phase fracture stimulation of the horizontal section of the well has now been completed and the Company has mobilized a coil-tubing unit to prepare the well for production testing, commencing approximately December 5, 2010.

Current production from the Cheal Field is 570 BOE per day consisting of 490 barrels of oil and 80 BOE of gas per day.

Summary of Second Quarter Results

The Company recorded production revenue of $ 2.41 million (six months: $ 4.23 million) and a net loss for the three-month period of $ 508,823 (six month loss: $ 389,384). Expenditures on the Company’s oil and gas properties during the quarter totaled just under $ 3.5 million (six months: $ 5.3 million) relating primarily to costs of the Cheal-B3 and Cheal-1 optimization operations and the Cheal-BH-1 horizontal well and the Sidewinder-1 vertical exploration well.

Liquidity and Capital Resources

The Company ended the second quarter of the 2011 fiscal year with 37,646,608 shares outstanding (44,291,060 fully diluted) with no debt, $ 23.96 million in cash and $ 22.9 million in working capital.

Subsequent to September 30, 2010 the Company issued a total of 11,550,000 common shares at a price of $ 5.20 per share for aggregate gross proceeds of $ 60,060,000, inclusive of the over-allotment option granted to the Underwriters.

This news release summarizes the Company’s 2011 second-quarter results of operations and financial condition and should be read in conjunction with its Quarterly Report, which contains unaudited consolidated financial statements and Management’s Discussion and Analysis. Copies of these documents can be obtained electronically at: http://www.sedar.com or through the Company’s website http://www.tagoil.com/financial-reports.asp.

Contact:

Dan Brown or Garth Johnson

TAG Oil Ltd. 1-604-682-6496

Website: http://www.tagoil.com

“BOE”s may be misleading, particularly if used in isolation. A BOE conversion ratio of 6Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Cautionary Note Regarding Anticipated Results and Forward-Looking Statements:

Statements contained in this news release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of TAG Oil. These statements are based on certain factors and assumptions including those relating to TAG Oil’s successful exploration and development of its oil and gas properties within Cheal and the Sidewinder project area, the production of oil and gas in accordance with TAG Oil’s expectations at Cheal and at Sidewinder-1, oil and gas price assumptions and fluctuations, foreign exchange rates, expected growth, results of operations, performance, prospects, evaluations and opportunities and effective income tax rates. While TAG Oil considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Actual results may vary materially from the information provided in this release, and there is no representation by TAG Oil that the actual results realized in the future will be the same in whole or in part as those presented herein.

TAG Oil is involved in the exploration for and production of hydrocarbons and all of its current property holdings, with the exception of the Cheal Oil Field and Sidewinder-1 project area, are in the grass roots or primary exploration stage. Exploration for hydrocarbons is a speculative venture necessarily involving substantial risk. There is no certainty that the expenditures incurred on TAG Oil’s exploration properties will result in discoveries of commercial quantities of hydrocarbons. TAG Oil’s future success in exploiting and increasing its current reserve base will depend on TAG Oil’s ability to develop its current properties and on its ability to discover and acquire properties or prospects that are producing. But, there is no assurance that TAG Oil’s future exploration and development efforts will result in the discovery or development of additional commercial accumulations of oil and natural gas.

Other factors that could cause actual results to differ from those contained in the forward-looking statements related to upcoming operations, production forecast modeling and other items that are set forth in, but are not limited to, filings that the TAG Oil and its independent evaluator have made, including the TAG Oil’s most recent reports in Canada under National Instrument 51-101.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

###





















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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Social Media Comes of Age: Vocus 2011 Planning Survey

April 11, 2012 By

Social Media Comes of Age: Vocus 2011 Planning Survey












Lanham, MD (PRWEB) December 8, 2010

The challenge for everyone with a finger on the pulse of PR or social media for their organization comes down to this: How do we improve on this year’s performance next year? Social media, measurement and strategic communications planning are top of the list as areas of focus, according to 508 respondents in survey results Vocus (NASDAQ: VOCS) and research partner Deirdre Breakenridge released today titled, Social Media Comes of Age: The Vocus 2011 Planning Survey.

“Social media will be important for two reasons. First, because organizations have found through monitoring that social conversations will occur with or without their participation,” said Breakenridge. “Second, organizations found small victories through experimentation this year and will focus on improving those results next year.”

A summary of the findings from the survey include:

    PR will be more challenging in 2011. Sixty percent of respondents said PR will be more challenging in 2011. The dynamics of social media and budgets were among the top reasons why.
    Budgets expected to improve over 2010. Forty-two percent said they expect budgets to “increase somewhat” or “increase significantly” versus 29% that said the same last year. In addition, 20% said budgets would “decrease somewhat” or “decrease significantly” versus 29% that said the same last year. Search professionals and advertisers were the most optimistic about budgets.
    PR and marketing playing nicer in the social media sandbox. Twenty-three percent of respondents said marketing is leading social media efforts while PR is contributing, while 22% of respondents said PR is leading social media efforts with several other departments contributing. These two categories received the highest rankings among six options.
    High marks for social media maturity on self-evaluation. Organizations overwhelmingly gave themselves high marks for social media maturity, with 67% saying they are participating, sharing and contributing to social conversations.

Vocus surveyed 508 professionals from October 26, 2010 to November 21, 2010 to find out. While about half of the respondents were PR professionals, the rest were comprised of a mix, including social media specialists, advertisers and search marketing professionals.

This year’s survey results are available for download with registration on Vocus’ Website: http://www.vocus.com/resources/public-relations-planning/index.asp

A copy of last year’s survey results are also freely available on SlideShare.

Media note: Survey respondents were predominantly from the United States, fairly senior in experience and more than half most closely identify their role as public relations. Thirty-five percent of respondents work for corporations while 29% work for agencies – these two groups accounted for 325 of the 508 total respondents – and were the only groups asked to identify if their organization was B2B, B2C or B2G. Members of the media, research or blogging community interested in specific cross-tab analysis based on the survey demographics should send an e-mail to fstrongvocuscom.

About Vocus

Vocus, Inc. (NASDAQ: VOCS) is a leading provider of on-demand marketing and PR software. Our web-based software suite helps organizations of all sizes to fundamentally change the way they communicate with both the media and the public, optimizing their visibility and increasing their ability to measure its impact. Our on-demand software addresses the critical functions of earned marketing including media relations, news distribution, news monitoring and social media. We deliver our solutions over the Internet using a secure, scalable application and system architecture, which allows our customers to eliminate expensive up-front hardware and software costs and to quickly deploy and adopt our on-demand software. Vocus is used by more than 30,000 organizations worldwide and is available in seven languages. Vocus is based in Lanham, MD with offices in North America, Europe and Asia. For more information, please visit http://www.vocus.com or call (800) 345-5572.

This release contains “forward-looking” statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “expects,” “projects,” “anticipates,” “estimates,” “believes,” “intends,” “plans,” “should,” “seeks,” and similar expressions. This press release contains forward-looking statements relating to, among other things, Vocus’ expectations and assumptions concerning future financial performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in Vocus’ filings with the Securities and Exchange Commission.

The risks and uncertainties referred to above include, but are not limited to, risks associated with possible fluctuations in our operating results and rate of growth, our history of operating losses, interruptions or delays in our service or our Web hosting, our business model, breach of our security measures, the emerging market in which we operate, our relatively limited operating history, our ability to hire, retain and motivate our employees and manage our growth, competition, our ability to continue to release and gain customer acceptance of new and improved versions of our service, successful customer deployment and utilization of our services, fluctuations in the number of shares outstanding, our ability to integrate acquisitions, foreign currency exchange rates and interest rates.

# # #









Attachments


























Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Filed Under: Foreign Exchange Market Tagged With: , , , , , ,

The 5 Most Dangerous Trends Facing Investors in 2011

March 27, 2012 By

The 5 Most Dangerous Trends Facing Investors in 2011










Port St. Lucie, FL (PRWEB) January 4, 2011

T & K Futures and Options, Inc. believes that investors may have to face many dangerous investment scenarios in 2011. Inflation and maybe even hyperinflation may be a problem soon. The weakening U.S. dollar may also affect dollar-denominated investments. The European Union is still in the midst of having members potentially becoming insolvent and the U.S. cannot seem to solve its unemployment and deficit problems.

The Federal Reserve Bank says it will continue to implement its quantitative easing regimen. The continuous printing of U.S. dollars coupled with higher commodity prices will most likely lead to inflation or potentially hyperinflation by the end of 2011. This can become a self-fulfilling prophecy because each dollar is worth less and less and is chasing around a finite amount of available commodities which in turn pushes those prices even higher.

The Federal Reserve Bank has promised to keep interest rates low as long as possible to help stimulate the economy by making it so cheap to borrow money. The abundance of money being printed coupled with the low interest rate environment pushes international investors to currencies paying higher interest rates such as the Australian, New Zealand and Canadian dollars. This in turn pushes investors to sell U.S. dollars weakening the currency even more.

The P.I.I.G.S., which are Portugal, Italy, Ireland, Greece and Spain, are still struggling to stay solvent and may eventually tear the European Union apart. Talk that the strength of the region, Germany may become tired of bailing out the weaker countries and revert back to the Deutsche Mark may spell the demise of the Euro Currency.

The two major obstacles facing the U.S. economy are the huge deficit and the 10% unemployment rate. Neither of these problems seems to have an immediate solution. Companies are not hiring because of the uncertainties of future health care and tax liabilities. This trend may continue through 2011 and beyond.

During the crash of 2008, the real estate and the stock markets lost as much as 50% of their values over the following 12 months. Only two asset classes made money in 2008 and they were 30 year treasury bonds and managed futures. Managed futures are non-correlated to stocks, bonds and real estate and can lower a portfolio’s risk while at the same time increasing returns but most investors are unaware of this potentially portfolio saving asset class. Visit http://www.tkfutures.com/managed-futures-trading.htm to learn more.

The author of this article is a 17 year veteran of the futures and options markets and the president of T & K Futures and Options, Inc. Past performance is not indicative of future results. Futures, options and foreign exchange products carry significant risk of loss.

# # #









Attachments

















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Filed Under: Foreign Exchange Market Tagged With: , , , , ,

First Radical Advancement Since CPAPs Invented Available Jan 21, 2011; Transcend Offers Practical Sleep Apnea Therapy for Truckers, Pilots and Others Who Travel for Work

March 25, 2012 By

First Radical Advancement Since CPAPs Invented Available Jan 21, 2011; Transcend Offers Practical Sleep Apnea Therapy for Truckers, Pilots and Others Who Travel for Work











Transcend is small, lightweight, and portable


Minneapolis, MN (Vocus/PRWEB) January 10, 2011

Truckers, pilots and others who travel for work and have sleep apnea face hurdles when traveling with traditional CPAP (continuous positive airway pressure) machines: they’re bulky and difficult to pack, depend on a reliable power source, and require distilled water for humidification. Add it all up and it’s a hassle.

Designed to fit today’s active lifestyle, Transcend is the first practical, wearable sleep apnea therapy system on the market that offers patients an innovative replacement to their old-fashion, cumbersome CPAPs. Overcoming the burdens faced by truckers, pilots and others who travel for work and who have sleep apnea, Transcend will be available for sale direct to consumers on January 21, 2011.

According to Ralph Germscheid, President of Somnetics, LLC, the maker of Transcend, “We’ve developed a completely new kind of therapy system. Transcend is FDA-approved and weighs approximately one pound. Its compact design, unique patent-pending heat moisture exchange technology, and portable power options make it ideal for travel and provide users with convenience and mobility not available from existing CPAP machines.”

Patients who participated in testing Transcend agree. “This device is more comfortable than my current CPAP,” said one patient. “I like to sleep with the window open. If I did that with my existing CPAP, the mask would fill up with water; with Transcend that doesn’t happen.”

Another patient commented, “The HME is remarkable. There’s no dripping water. It’s really sweet.” And yet another patient said, “Transcend is quick and easy to use. There’s no set up and it was no problem to sleep with it on my head.”

How Transcend is Different

In the evolution of sleep apnea therapy, Transcend is distinctly different from today’s conventional CPAP. Based on feedback from sleep apnea patients, Transcend was designed to overcome frustrations and hassles experienced by CPAP users including the need for:

Small Size, Less Bulk – CPAPs generally consist of the machine, a humidifier, six-foot hose, power cord, and mask. Packing a CPAP is cumbersome, especially when space is a premium; when flying, a CPAP means another carry-on bag. Transcend uses a short hose, weighs less than one pound, and measures about the size of a 12-ounce package of coffee beans. It is small and compact enough to fit into a carry-on, rather than be a separate carry-on.

Unlimited Mobility – Transcend fits comfortably on the head, uses a short hose and delivers vibration-free therapy. These unique features allow easy movement while sleeping and prevent mask leakage, problems often associated with standard CPAP systems. When used with a battery pack, Transcend lets the user rise during the night—to use the restroom, get a drink of water, close a window—without removing the device.

Uncomplicated Humidification – Transcend uses a small, disposable hygienic heat moisture exchanger (HME) in place of a chamber humidifier found with traditional CPAPs. The HME captures moisture from the patient’s exhaled breath, which provides warm humidification to prevent nose irritation and congestion. Though HME technology is used every day in ventilators found in hospital critical care and surgical departments, Transcend is the first sleep apnea therapy system to fully accommodate this technology.

Power that doesn’t drain vehicle battery – Access to power is a necessity when using a sleep apnea therapy device. Battery packs generally do not have the ability to power a conventional CPAP and heated humidifier and DC mobile power options can drain a vehicle’s battery. Because Transcend uses HME technology instead of a chamber humidifier, a low amount of power is needed to provide a full night’s restorative sleep with humidification—even when using a battery pack.

Hassle-Free Maintenance – Transcend has few parts to clean. HME technology eliminates the cleaning and sanitation issues associated with conventional CPAP humidifiers and the HME is disposable. Transcend’s “dry mode” feature blows air through the system to dry it at the end of each use and LED lights alert the patient when it’s time to replace the inlet filter.

Effective Therapy – Transcend provides a wide range of therapy pressure. It regulates prescribed therapy pressure in the mask, resulting in comfortable and extremely tight pressure regulation, and a ramp feature allows users to acclimate to air pressure as they fall asleep. Transcend also automatically adjusts to altitudes up to 8,000 feet, making it easy to use at high altitudes.

Transcend Availability – Transcend and its accessories will be available for sale online beginning on January 21, 2011, by the following dealers: CPAP.com, CPAP Supply USA, CPAPXchange.com, and Direct Home Medical. Transcend comes with a two-year manufacturer’s warranty. Health insurance coverage is dependent on each individual patient’s plan; each patient must check with the medical equipment dealer to determine if his/her insurance can be used to purchase Transcend.

About Sleep Apnea

According to the American Sleep Apnea Association, nearly 20 million Americans suffer from sleep apnea and those with obstructive sleep apnea—a condition that causes a person to stop breathing during sleep when the soft tissue in the throat collapses—tend to have high blood pressure, heart problems, headaches, and memory problems. OSA can also be linked to job impairment and motor vehicle crashes. Both men and women can develop sleep apnea, but it is more common in men, particularly middle-age men who are also overweight. Approximately half of those suffering from sleep apnea also have a snoring problem.

Transcend is a Somnetics, LLC Product

Somnetics, LLC is a privately held Minnesota-based medical device company and is an emerging leader in customer-driven design, development, and production of respiratory medical devices. Somnetics’ mission is focused on integrating technology, customer input, and employee creativity to provide innovative, high quality products that improve the lives of people with respiratory disorders. It received FDA market clearance for the Transcend CPAP machine in July 2010. Transcend is protected by several issued and pending US and foreign patents.

###





















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Find More Foreign Exchange Market Press Releases

Filed Under: Foreign Exchange Market Tagged With: , , , , , , , , , , , , , , , , , ,

First Radical Advancement Since CPAPs Invented Available Jan 21, 2011; Transcend Offers Practical Sleep Apnea Therapy for Truckers, Pilots and Others Who Travel for Work

March 25, 2012 By

First Radical Advancement Since CPAPs Invented Available Jan 21, 2011; Transcend Offers Practical Sleep Apnea Therapy for Truckers, Pilots and Others Who Travel for Work











Transcend is small, lightweight, and portable


Minneapolis, MN (Vocus/PRWEB) January 10, 2011

Truckers, pilots and others who travel for work and have sleep apnea face hurdles when traveling with traditional CPAP (continuous positive airway pressure) machines: they’re bulky and difficult to pack, depend on a reliable power source, and require distilled water for humidification. Add it all up and it’s a hassle.

Designed to fit today’s active lifestyle, Transcend is the first practical, wearable sleep apnea therapy system on the market that offers patients an innovative replacement to their old-fashion, cumbersome CPAPs. Overcoming the burdens faced by truckers, pilots and others who travel for work and who have sleep apnea, Transcend will be available for sale direct to consumers on January 21, 2011.

According to Ralph Germscheid, President of Somnetics, LLC, the maker of Transcend, “We’ve developed a completely new kind of therapy system. Transcend is FDA-approved and weighs approximately one pound. Its compact design, unique patent-pending heat moisture exchange technology, and portable power options make it ideal for travel and provide users with convenience and mobility not available from existing CPAP machines.”

Patients who participated in testing Transcend agree. “This device is more comfortable than my current CPAP,” said one patient. “I like to sleep with the window open. If I did that with my existing CPAP, the mask would fill up with water; with Transcend that doesn’t happen.”

Another patient commented, “The HME is remarkable. There’s no dripping water. It’s really sweet.” And yet another patient said, “Transcend is quick and easy to use. There’s no set up and it was no problem to sleep with it on my head.”

How Transcend is Different

In the evolution of sleep apnea therapy, Transcend is distinctly different from today’s conventional CPAP. Based on feedback from sleep apnea patients, Transcend was designed to overcome frustrations and hassles experienced by CPAP users including the need for:

Small Size, Less Bulk – CPAPs generally consist of the machine, a humidifier, six-foot hose, power cord, and mask. Packing a CPAP is cumbersome, especially when space is a premium; when flying, a CPAP means another carry-on bag. Transcend uses a short hose, weighs less than one pound, and measures about the size of a 12-ounce package of coffee beans. It is small and compact enough to fit into a carry-on, rather than be a separate carry-on.

Unlimited Mobility – Transcend fits comfortably on the head, uses a short hose and delivers vibration-free therapy. These unique features allow easy movement while sleeping and prevent mask leakage, problems often associated with standard CPAP systems. When used with a battery pack, Transcend lets the user rise during the night—to use the restroom, get a drink of water, close a window—without removing the device.

Uncomplicated Humidification – Transcend uses a small, disposable hygienic heat moisture exchanger (HME) in place of a chamber humidifier found with traditional CPAPs. The HME captures moisture from the patient’s exhaled breath, which provides warm humidification to prevent nose irritation and congestion. Though HME technology is used every day in ventilators found in hospital critical care and surgical departments, Transcend is the first sleep apnea therapy system to fully accommodate this technology.

Power that doesn’t drain vehicle battery – Access to power is a necessity when using a sleep apnea therapy device. Battery packs generally do not have the ability to power a conventional CPAP and heated humidifier and DC mobile power options can drain a vehicle’s battery. Because Transcend uses HME technology instead of a chamber humidifier, a low amount of power is needed to provide a full night’s restorative sleep with humidification—even when using a battery pack.

Hassle-Free Maintenance – Transcend has few parts to clean. HME technology eliminates the cleaning and sanitation issues associated with conventional CPAP humidifiers and the HME is disposable. Transcend’s “dry mode” feature blows air through the system to dry it at the end of each use and LED lights alert the patient when it’s time to replace the inlet filter.

Effective Therapy – Transcend provides a wide range of therapy pressure. It regulates prescribed therapy pressure in the mask, resulting in comfortable and extremely tight pressure regulation, and a ramp feature allows users to acclimate to air pressure as they fall asleep. Transcend also automatically adjusts to altitudes up to 8,000 feet, making it easy to use at high altitudes.

Transcend Availability – Transcend and its accessories will be available for sale online beginning on January 21, 2011, by the following dealers: CPAP.com, CPAP Supply USA, CPAPXchange.com, and Direct Home Medical. Transcend comes with a two-year manufacturer’s warranty. Health insurance coverage is dependent on each individual patient’s plan; each patient must check with the medical equipment dealer to determine if his/her insurance can be used to purchase Transcend.

About Sleep Apnea

According to the American Sleep Apnea Association, nearly 20 million Americans suffer from sleep apnea and those with obstructive sleep apnea—a condition that causes a person to stop breathing during sleep when the soft tissue in the throat collapses—tend to have high blood pressure, heart problems, headaches, and memory problems. OSA can also be linked to job impairment and motor vehicle crashes. Both men and women can develop sleep apnea, but it is more common in men, particularly middle-age men who are also overweight. Approximately half of those suffering from sleep apnea also have a snoring problem.

Transcend is a Somnetics, LLC Product

Somnetics, LLC is a privately held Minnesota-based medical device company and is an emerging leader in customer-driven design, development, and production of respiratory medical devices. Somnetics’ mission is focused on integrating technology, customer input, and employee creativity to provide innovative, high quality products that improve the lives of people with respiratory disorders. It received FDA market clearance for the Transcend CPAP machine in July 2010. Transcend is protected by several issued and pending US and foreign patents.

###





















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Related Foreign Exchange Market Press Releases

Filed Under: Foreign Exchange Market Tagged With: , , , , , , , , , , , , , , , , , ,

New Transcend Available January 21, 2011 to Help Travelers With Sleep Apnea; First Radical Advancement Since CPAPs Were Invented

March 25, 2012 By

New Transcend Available January 21, 2011 to Help Travelers With Sleep Apnea; First Radical Advancement Since CPAPs Were Invented











Transcend is small, lightweight, and portable


Minneapolis, MN (Vocus/PRWEB) January 10, 2011

Ask any sleep apnea patient about traveling with a traditional CPAP machine and you’ll learn that real hurdles exist: they’re bulky and difficult to pack; depend on a reliable power source, preventing most from traveling to remote destinations; and require advance planning when traveling overseas.

Designed to fit today’s active lifestyle, Transcend is the first practical, wearable sleep apnea therapy system on the market that offers patients an innovative replacement to their old-fashion, cumbersome CPAPs. Overcoming the burdens faced by travelers who have sleep apnea, Transcend will be available for sale direct to consumers on January 21, 2011.

According to Ralph Germscheid, President of Somnetics, LLC, the maker of Transcend, “We’ve developed a completely new kind of therapy system. Transcend is FDA-approved and weighs approximately one pound. Its compact design, unique patent-pending heat moisture exchange technology, and portable power options make it ideal for travel and provide users with convenience and mobility not available from existing CPAP machines.”

Patients who participated in testing Transcend agree. “This device is more comfortable than my current CPAP,” said one patient. “I like to sleep with the window open. If I did that with my existing CPAP, the mask would fill up with water; with Transcend that doesn’t happen.”

Another patient commented, “The HME is remarkable. There’s no dripping water. It’s really sweet.” And yet another patient said, “Transcend is quick and easy to use. There’s no set up and it was no problem to sleep with it on my head.”

How Transcend is Different

In the evolution of sleep apnea therapy, Transcend is distinctly different from today’s conventional CPAP. Based on feedback from sleep apnea patients, Transcend was designed to overcome frustrations and hassles experienced by CPAP users including the need for:

Small Size, Less Bulk – CPAPs generally consist of the machine, a humidifier, six-foot hose, power cord, and mask. Packing a CPAP is cumbersome, especially when space is a premium; when flying, a CPAP means another carry-on bag. Transcend uses a short hose, weighs less than one pound, and measures about the size of a 12-ounce package of coffee beans. It is small and compact enough to fit into a carry-on, rather than be a separate carry-on.

Unlimited Mobility – Transcend fits comfortably on the head, uses a short hose and delivers vibration-free therapy. These unique features allow easy movement while sleeping and prevent mask leakage, problems often associated with standard CPAP systems. When used with a battery pack, Transcend lets the user rise during the night—to use the restroom, get a drink of water, close a window—without removing the device.

Uncomplicated Humidification – Transcend uses a small, disposable hygienic heat moisture exchanger (HME) in place of a chamber humidifier found with traditional CPAPs. The HME captures moisture from the patient’s exhaled breath, which provides warm humidification to prevent nose irritation and congestion. Though HME technology is used every day in ventilators found in hospital critical care and surgical departments, Transcend is the first sleep apnea therapy system to fully accommodate this technology.

Power that doesn’t drain vehicle battery – Access to power is a necessity when using a sleep apnea therapy device. Battery packs generally do not have the ability to power a conventional CPAP and heated humidifier and DC mobile power options can drain a vehicle’s battery. Because Transcend uses HME technology instead of a chamber humidifier, a low amount of power is needed to provide a full night’s restorative sleep with humidification—even when using a battery pack.

Hassle-Free Maintenance – Transcend has few parts to clean. HME technology eliminates the cleaning and sanitation issues associated with conventional CPAP humidifiers and the HME is disposable. Transcend’s “dry mode” feature blows air through the system to dry it at the end of each use and LED lights alert the patient when it’s time to replace the inlet filter.

Effective Therapy – Transcend provides a wide range of therapy pressure. It regulates prescribed therapy pressure in the mask, resulting in comfortable and extremely tight pressure regulation, and a ramp feature allows users to acclimate to air pressure as they fall asleep. Transcend also automatically adjusts to altitudes up to 8,000 feet, making it easy to use at high altitudes.

Transcend Availability – Transcend and its accessories will be available for sale online beginning on January 21, 2011, by the following dealers: CPAP.com, CPAP Supply USA, CPAPXchange.com, and Direct Home Medical. Transcend comes with a two-year manufacturer’s warranty. Health insurance coverage is dependent on each individual patient’s plan; each patient must check with the medical equipment dealer to determine if his/her insurance can be used to purchase Transcend.

About Sleep Apnea

According to the American Sleep Apnea Association, nearly 20 million Americans suffer from sleep apnea and those with obstructive sleep apnea—a condition that causes a person to stop breathing during sleep when the soft tissue in the throat collapses—tend to have high blood pressure, heart problems, headaches, and memory problems. OSA can also be linked to job impairment and motor vehicle crashes. Both men and women can develop sleep apnea, but it is more common in men, particularly middle-age men who are also overweight. Approximately half of those suffering from sleep apnea also have a snoring problem.

Transcend is a Somnetics, LLC Product

Somnetics, LLC is a privately held Minnesota-based medical device company and is an emerging leader in customer-driven design, development, and production of respiratory medical devices. Somnetics’ mission is focused on integrating technology, customer input, and employee creativity to provide innovative, high quality products that improve the lives of people with respiratory disorders. It received FDA market clearance for the Transcend CPAP machine in July 2010. Transcend is protected by several issued and pending US and foreign patents.

###





















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Filed Under: Foreign Exchange Tagged With: , , , , , , , , , , , , , ,
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