Aces Wired, Inc. Announces Investigation by Texas Attorney General
Aces Wired, Inc. (OTCBB: AWIR), an operator of amusement gaming centers and a licensed distributor of bingo supplies and equipment, announced today that the Texas Attorney General shut down Aces’ locations in Dallas, Fort Worth, Corpus Christi, San Antonio and Copperas Cove and is the process of investigating the legality of the Company’s amusement with price (AWP) machines.

Ken Griffith, Aces’ Chief Executive Officer provided the following statement in response to the government enforcement action conducted today, May 21, 2008.

“We believe the actions taken today have no legal basis, and we look forward to our day in court. Aces has always operated openly, transparently, and in compliance with Texas law. We have been proactive in communicating with local authorities regarding the operation of the Company’s amusement-with-prize (AWP) gaming business and responsive to any and all concerns that have been expressed. Our belief in the legality of our AWP business has been supported by an arbitration opinion obtained in September 2007, in which former Texas Supreme Court Justice Craig T. Enoch concluded that our AWP machines, which are played exclusively with the Ace Advantage Card, comply with Texas law. Later that month, the United States District Court for the Western District of Texas entered an order confirming Justice Enoch’s decision. In addition to the decisions of Justice Enoch and the U.S. District Court, on April 25, 2008, the Texas Alcoholic Beverage Commission (TABC) approved our application for mixed beverage permits for an Aces gaming amusement center previously in operation in Amarillo, Texas, during the course of which they closely examined the operation of our AWP business. Although Justice Enoch, the U.S. District Court, and the TABC have recently determined that Aces’ AWP business complies with Texas law, the Texas attorney general contends differently. We are confident that any Texas court will find that Aces’ AWP business complies with Texas law, and determine that the charges against Aces and its employees are without merit.”
Genesis Lending Services Expands Options for Credit-Challenged Students in Educational Programs
Genesis Lending Services, a subsidiary of Beaverton, Ore.-based Genesis Financial Solutions, Inc., announced today that it signed its 56th partnership with for-profit career colleges to provide tuition financing. GLS’ clients include three of the Top 10 publicly-traded career colleges. It now serves more than 450 campuses across the United States.

Genesis Financial Services is a non-prime consumer lender. In educational lending it offers alternative and gap financing to student populations that do not qualify for traditional financing. Genesis partners with career colleges that offer certificate, 2-year associate and 4-year bachelor programs.

“We’ve created a group of products that serve the most credit-challenged applicants,” said Brian Enneking, GLS President. “The demand for career training in the United States continues to increase, while the availability of government-backed loans and grants has remained constant or decreased. In many cases, individuals with poor credit make up the majority of schools’ applicants, and don’t qualify for most traditional lending programs.”
Schools respond to Genesis products, according to Enneking, because the company offers reasonable pricing to students and works closely with schools and training providers to tailor lending programs to the schools’ needs. Because of its experience in subprime markets, Genesis can accommodate students with poor credit or lower credit scores.
Wealth Enhancement Group Moves Headquarters to Plymouth, Minnesota
Regional financial planning firm Wealth Enhancement Group has relocated its corporate headquarters to Plymouth, Minnesota from Wayzata, Minnesota recently. The move is to accommodate growth and improve client services.

“We are excited about our move to Plymouth,” said Jeff Dekko, chief executive officer at Wealth Enhancement Group. “Our new headquarters provides the space we need to grow our firm. We can now offer additional amenities to our clients, such as expanded parking, and our new location is still within close proximity to our Wayzata location.”

The new WEG headquarters is at 505 North Highway 169, Suite 900, in Plymouth. The phone number for client services remains the same: 763-417-1700.
Churchill Financial Group Provides Financing for ClearLight Partners’ Investment in The Outsource Group
The Churchill Financial Group (Churchill), a leading commercial finance and asset management company, has provided financing to support ClearLight Partners LLC’s (ClearLight) refinance of The Outsource Group, Inc. Churchill acts as the administrative agent for the credit facility. Based in Newport Beach, CA. ClearLight is a private investment firm that integrates private equity, leveraged finance and special situations in investing in both private and public market opportunities.

The Outsource Group is a leading provider of receivables management services to the healthcare industry. Based in St. Louis, MO., and founded in 1977, The Outsource Group’s healthcare focus provides unique perspective and effectiveness for its more than 300 clients.
ATP Announces Executive Promotions
ATP Oil & Gas Corporation (NASDAQ:ATPG) today announced that effective immediately, Leland E. Tate, currently Chief Operating Officer, is promoted to the position of President of the company. Additionally, ATP announced that George R. Morris, currently Vice President, Acquisitions, will assume the role of ATP Chief Operating Officer. T. Paul Bulmahn continues with ATP as Chief Executive Officer and Chairman of the Board.

T. Paul Bulmahn stated, “The promotions of Leland and George, two outstanding individuals with proven talents executing operations and developments in deepwater Gulf of Mexico and the North Sea, ensure that ATP will continue to successfully accomplish pursuit of both financial and project-oriented goals. ATP achievement of financial goals stems from successful execution of offshore development plans. At ATP Leland has provided inspired leadership and has guided ATP to exceptional development success and George, with his substantial offshore operations experience, is a perfect fit.”
Three Digits That Can Cost You: Your Credit Score
In response to the housing and credit crisis and a looming recession, banks are tightening lending standards, according to a recently conducted survey by the Federal Reserve.

Your creditworthiness can be the difference between qualifying for a loan or not and certainly plays a big part in the terms you qualify for. Unfortunately, lending decisions aren’t made by a committee of family and friends that know and love you—they’re made by a credit scoring system—most commonly, the Fair Isaac Corporation (FICO).

Like it or not, most credit decisions (even including rental, mortgage or job applications) are made based upon your credit score. Creditors use your credit score to assess your credit risk—that is, whether or not you are likely to repay your loans.

FICO credit scores range between 300 and 850 (and Vantage scores, another system, range from 501 to 990) and take into account your payment history, total outstanding debt, length of credit history, and the type of credit mix you have. The frequency and number of credit applications you’ve had are also taken into account, and then each factor is given a point value to determine your final credit score.

Once you’ve taken the important step to learn your credit score, use these tips from the experts at Money Management International (MMI), to begin improving your score:

1. Be patient – Time can be the best cure for imperfect credit. The federal Fair Credit Reporting Act (FCRA) states that derogatory information can only remain on your credit bureau file for seven years from the time the account is placed for collection, charged to profit and loss, or subjected to any similar action.

2. Pay debts on time and in full – Timely payments are critical when calculating your credit score, so set up automatic payments when you can. Try to pay more than just the minimum balances on debts—the more you pay, the faster it goes away.

3. Obtain a secure credit card – With a secured card, you can only spend what you have deposited, keeping you from spending beyond your means. After a history of on-time payments, your credit limit may increase and eventually allow you to have a credit card that is not secured by your savings amount.
Bank of the James Financial Group, Inc. Announces 10% Stock Dividend
Bank of the James Financial Group, Inc. (OTCBB: BOJF) (the “Company”) announced yesterday at the annual shareholder’s meeting that the Board of Directors voted to declare a 10% stock dividend. The dividend will be paid to shareholders of record as of June 17, 2008 and will be paid on July 22, 2008. The dividend will increase shares outstanding by approximately 255,000. Robert R. Chapman III, the Company’s President commented, “We are pleased our board has voted to declare a stock dividend for our shareholders for the fifth consecutive year. In declaring the stock dividend, the Board of Directors wishes to recognize and reward the loyalty and confidence of its ownership base, both those which have been with the organization since its inception and those who acquired our stock during the follow-on stock offering that concluded in 2006.”
Capgemini Announces Enhanced Data Conversion Offerings to Financial Services Firms
Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, announced today an asset purchase agreement with Advantage Consulting Group, Inc., a specialist in data conversion for the insurance industry. Capgemini is now able to offer to financial services’ clients, a more robust suite of flexible, low-risk and cost-effective conversion solutions for consolidating and implementing new information technology (IT) systems.
Red Lake Acquires Farellon Property
Red Lake Exploration, Inc. is pleased to announce it has finalized the purchase of the High-Grade Farellon Copper-Gold Property.

The Farellon property lies within the Candelaria iron oxide copper gold (IOCG) belt of the coastal Cordillera, Chile. This IOCG belt is host to many giant deposits such as the Candelaria and the Manto Verde copper-gold mines.

The property represents a classic copper-gold IOCG target in the Candelaria IOCG belt. The property has historical artisanal mine workings along the main Farellon vein. Recent exploration on the property includes 23 RC drill holes in 2004 that outlined a 1.7 kilometer strike length of an extensive mineralized vein system. The main vein possesses an average width of 5 meters but varies from 2-25 meters. The vein system was tested to a depth of 150 meters in 2004, however previous work in the area suggests that mineralization can reasonably be expected to extend to at least 500 meters depth.
Futuremed Announces First Quarter 2008 Results
Futuremed Healthcare Income Fund (TSX:FMD.UN) ("Futuremed" or the "Fund") announced today its financial and operating results for the three months ended March 31, 2008.

Sales in the first quarter of 2008 were $27.5 million compared to $27.6 million for the same period in 2007. Sales of the Fund's consumable nursing supplies rose 0.7% to $22.7 million compared to $22.5 million last year, driven primarily by a 1.8% increase in sales of incontinence products. Consumable nursing supplies represented approximately 82.5% of the Fund's total sales in the first quarter of 2008.

Sales of the Company's furniture and equipment were $4.8 million in the quarter compared to $5.1 million last year. The Fund experienced reduced replacement spending in its Ontario and Western Canadian markets during the first quarter of 2008 compared to the prior year, and no infrastructure projects were announced.

On a geographic basis, sales in Ontario decreased 1.3% in the first quarter of 2008 compared to the same period last year. Sales in British Columbia rose 12.9%, while sales in the other Western Canada provinces of Alberta, Saskatchewan and Manitoba declined by 4.1% . The changes in the first quarter of 2008 compared to the same period in 2007 were primarily due to changes in revenue of the Fund's furniture and equipment. Sales of consumable nursing supplies were up in British Columbia and the other Western Canadian provinces in the first quarter of 2008, while a slight decline was experienced in Ontario.

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