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September 2001

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Friday, September 21, 2001

PCBM's All Pro Group Pays Off $1,000,000 Debt

PCBM's All Pro Group Pays Off $1,000,000 Debt

Pinnacle Business Management announced that its All Pro Group business unit has paid off the balance of its $1,000,000 floor plan debt. The transaction was completed without the use of additional financing, company stock or company inventory. Vincent Lo Castro, COO of PCBM and President of All Pro Group, used funds fro ... Continue reading

Action Performance Reaffirms 2001, 2002 Guidance

Action Performance Reaffirms 2001, 2002 Guidance

Action Performance Companies Inc. (Company) , the leader in the design, marketing, promotion, and distribution of licensed motorsports merchandise, today reaffirmed previous guidance for fourth quarter and fiscal 2001, ending Sept. 30, 2001, and for fiscal 2002. David Martin, Action Performance CFO, stated: "We are qui ... Continue reading

SatCon Reaffirms Plan to Distribute 5,000,000 Shares of Beacon Stock

SatCon Reaffirms Plan to Distribute 5,000,000 Shares of Beacon Stock

To ensure broad awareness of its plan to distribute common stock to stockholders, SatCon Technology Corporation(R) , a leader in power and energy management products, today reaffirmed an announcement made last week wherein the company stated it intends to make a pro rata distribution to its stockholders of 5,000,000 sh ... Continue reading

Auto Club: Gas Prices Resume Slight Downward Trend

Auto Club: Gas Prices Resume Slight Downward Trend

After nearly a month of increasing pump prices, the average price of unleaded regular self serve gasoline dipped slightly throughout Southern California, according to the Automobile Club of Southern California's Weekend Gas Watch. Since Aug. 24, gas prices had risen by an average of 10.2 cents per gallon until this wee ... Continue reading

Avis Europe Investor Meetings - Implications of US Terrorist Attacks

Avis Europe Investor Meetings - Implications of US Terrorist Attacks

Avis Europe has a series of meetings arranged with analysts, investors and journalists over the coming weeks, following the announcement of interim results on 6th September. In light of the events in the USA on 11th September the company will be providing an update on the market dynamics and most recent trends in its b ... Continue reading

PPG Chairman Says 3rd Quarter EPS Likely to be 50 to 60 Cents

PPG Chairman Says 3rd Quarter EPS Likely to be 50 to 60 Cents

PPG Industries Chairman and Chief Executive Officer Raymond W. LeBoeuf told employees today that earnings per share for the third quarter are likely to be 50 to 60 cents compared with 88 cents a year ago. In an e-mail sent to employees worldwide, LeBoeuf said PPG announced last year that the company faced a challenging ... Continue reading

New ALGOR Users' Documentation Enhances the Productivity of Engineers

New ALGOR Users' Documentation Enhances the Productivity of Engineers

ALGOR, Inc., a leading maker of software for mechanical engineers, today announced the release of new, integrated HTML users' documentation for its finite element analysis, Mechanical Event Simulation, CAD support and piping design and analysis software. ALGOR's documentation covers all analysis types and comprehensive ... Continue reading

Asbury Autogroup Closes Acquisition

Asbury Autogroup Closes Acquisition

Asbury Expands Presence into Virginia - - Acquires Luxury BMW and Porsche Dealership - Asbury Autogroup, one of the largest dealership groups in the United States, today completed the acquisition of Pegasus Motor Car Company in Charlottesville, VA., as announced on June 13. Under the terms of the agreement, the dealers ... Continue reading

40 Olympic Hopefuls Across the Nation Receive Chevrolet

40 Olympic Hopefuls Across the Nation Receive Chevrolet

Annie Driscoll, Park City, Utah, native and U.S. Olympic Team hopeful in speed skating, received today a new Chevrolet Malibu from Jerry Seiner Chevrolet as part of a unique vehicle donation program that supports aspiring athletes by providing them with vehicles to help them achieve their Olympic dreams. Driscoll is on ... Continue reading

AAA Texas Offers Free Car Care Check-Ups

AAA Texas Offers Free Car Care Check-Ups

The AAA Texas Fort Worth office will kick-off National Car Care month on Tuesday, October 2, with a free 36-point check-up for your vehicle. Fort Worth police will also provide free Auto Etching services. New to this year's program are free child safety seat inspections and a blood drive. Vehicle inspections will be pe ... Continue reading

Cummins Powerstore Debuts New Look for E-Commerce Site

Cummins Powerstore Debuts New Look for E-Commerce Site

Cummins Inc. unveiled a new look for PowerStore, the company's e-commerce web site. Launched in 2000, PowerStore is an online retail site dedicated to offering Cummins-branded apparel and merchandise, engine service and maintenance manuals, as well as electronics. For the Dodge Turbo Diesel owner, the PowerStore electr ... Continue reading

General Motors' latest fuel cell stack sets a new world standard

General Motors' latest fuel cell stack sets a new world standard

General Motors' latest fuel cell stack sets a new world standard for power density that packs 60 percent more power than any competitor, GM announced at a technical conference here today. The new GM stack generates 1.75 kilowatts (kW) per liter, setting an industry benchmark for volumetric efficiency - the measurement ... Continue reading

GM Announces Interest-Free Finance Program On All US Models

GM Announces Interest-Free Finance Program On All US Models

General Motors today announced an interest-free automotive finance program on all U.S. models. Beginning on September 20, 2001, the program will run through the end of October. As an alternative, current customer cash and lease programs remain in effect. “Throughout its history the automotive industry has played ... Continue reading

GM Update on Operations and Market Outlook

GM Update on Operations and Market Outlook

General Motors Corp. today provided an update on its operations and market outlook. "GM and its family of employees, dealers and suppliers are deeply saddened by the loss of life and suffering of so many victims and their families last week. We are committed to helping in the nation's recovery from these tragic events, ... Continue reading

Hometown Auto Retailers Announces Resignation of Director and GM

Hometown Auto Retailers Announces Resignation of Director and GM

Hometown Auto Retailers announced that James Christ has resigned as a director of Hometown and general manager of one of its dealerships to pursue other business opportunities. Christ will continue to be available to Hometown for consulting services for a one-year period. "We wish Jim well in his future undertakings," ... Continue reading

Paradigm Completes Installation of IDC's L-BIZ-TM Tracking System

Paradigm Completes Installation of IDC's L-BIZ-TM Tracking System

PowerLOC Technologies Inc., a subsidiary of Paradigm Advanced Technologies, Inc. (OTCBB:PRAV), (www.powerloc.com), which provides wireless location-based electronic commerce (L-commerce) solutions, confirmed today that it has completed its L-BIZ Tracker installation for the International Dispatch Center (IDC(R)), a ser ... Continue reading

Reynolds and Reynolds' ReySource Procurement Solution Enhanced

Reynolds and Reynolds' ReySource Procurement Solution Enhanced

New Customer Enhancements Added as Internet-based Solution Continues to Serve Customers At Web Speed The Reynolds and Reynolds Company today announced the release of ReySource(TM) 2.0 (www.ReySource.com), the latest version of the company's Internet-based automotive retailing procurement solution. The company also anno ... Continue reading

Standard Automotive Announces Extension of Forbearance Under Credit Facility

Standard Automotive Announces Extension of Forbearance Under Credit Facility

Standard Automotive Corporation announced that the Company and its bank lenders under the Company's Term Loan and Revolving Credit Facility ("Credit Facility") have entered into a extension of the forbearance agreement under the Credit Facility, expiring on September 28, 2001. The Company and the bank lenders are curre ... Continue reading

Valeo Maximizes Driver Visibility With OPTI-Wash Heated Wash System

Valeo Maximizes Driver Visibility With OPTI-Wash Heated Wash System

Valeo announces the world debut of a high performance vehicle windscreen cleaning system, called OPTI-Wash(tm), that makes a major contribution to driver comfort and safety by maximizing driver visibility in all weather conditions. The design and development of OPTI-Wash(tm) responds to consumer demand in Valeo's "Seei ... Continue reading

XV8 Showcases Future Technologies In A Compact, Fuel Efficient Package

XV8 Showcases Future Technologies In A Compact, Fuel Efficient Package

The Opel Signum² concept car, debuting at the Frankfurt International Motor Show (IAA), features General Motors' innovative global V8 concept engine (called XV8) showcasing several advanced technologies in a fuel efficient, V6-like package. The all-new, technology-intensive XV8 concept engine provides the power and sm ... Continue reading

FORMULA Texas driver eager to defend Ferrari Challenge at Indy

FORMULA Texas driver eager to defend Ferrari Challenge at Indy

September 21, 2001 INDIANAPOLIS- Every auto-racing fan knows Michael Schumacher and Ferrari won the first SAP United States Grand Prix last September at the Indianapolis Motor Speedway. But don't forget Steve Earle. Earle may never have the worldwide acclaim of Schumacher, but he took the checkered flag driving a Ferra ... Continue reading

NASCAR BGN: Team Amick shifts focus to engine development

NASCAR BGN: Team Amick shifts focus to engine development

September 21, 2001 Team Amick Motorsports announced today that it is putting its Busch racing team on indefinite hold and will focus entirely on engine development for other racing programs. Team Amick currently builds engines for three cars ranked in the top ten in driver points. Lyndon Amick, who has been the driver ... Continue reading

FORMULA: Hornish, Donohue to race Porsches at US Grand Prix

FORMULA: Hornish, Donohue to race Porsches at US Grand Prix

September 21, 2001 INDIANAPOLIS - 2001 Indy Racing Northern Light Series champion Sam Hornish Jr. and David Donohue, son of 1972 Indianapolis 500 winner Mark Donohue, will drive Porsche factory cars in the Porsche Pirelli Supercup races Sept. 29-30 during the SAP United States Grand Prix at Indianapolis Motor Speedway. ... Continue reading

NASCAR WCUP: Stewart Has Tight Grip On All Martinsville Records

NASCAR WCUP: Stewart Has Tight Grip On All Martinsville Records

September 21, 2001 Martinsville, VA – If Tony Stewart breaks any qualifying records at Martinsville Speedway this fall, he will be picking on himself. The driver of the Home Depot Pontiac holds all the NASCAR Winston Cup qualifying records for the .526-mile track. He set the spring Virginia 500 record in 1999 wit ... Continue reading

NASCAR WCUP: Gordon to kick off Dupont 200th anniversary with commemorative car

NASCAR WCUP: Gordon to kick off Dupont 200th anniversary with commemorative car

September 21, 2001 WILMINGTON, Del. – DuPont will provide Jeff Gordon the ultimate company car when the 2002 season kicks off at Daytona International Speedway in February. The marketing excellence that Gordon brings to the partnership with the only primary sponsor of his NASCAR Winston Cup career has earned him ... Continue reading

CART: Legens of Champ Car Racing to gather at season finale

CART: Legens of Champ Car Racing to gather at season finale

September 21, 2001 LOS ANGELES- Andretti, Mears, Unser, Sullivan and Gurney are some of the legendary drivers that put Champ Car racing at the forefront of motorsports. For the second consecutive year, these Legends, along with other racing greats, will celebrate Champ Car racing's rich heritage at the CART FedEx Champ ... Continue reading

FORMULA ONE: SAP US Grand Prix Event Happenings

FORMULA ONE: SAP US Grand Prix Event Happenings

September 21, 2001 INDIANAPOLIS - Event happenings leading up to and during the SAP United States Grand Prix on Sept. 28-30 at the Indianapolis Motor Speedway: SCHEDULE: The SAP United States Grand Prix starts at 1 p.m. (EST) Sept. 30. Qualifying starts at 1 p.m. Sept. 29. ... Continue reading

CART: Damp track forces postponement of test day for Rockingham 500

CART: Damp track forces postponement of test day for Rockingham 500

September 21, 2001 CORBY, England - Wet track conditions forced postponement of Thursday's scheduled test day for the inaugural Rockingham 500, Round 17of the FedEx Championship Series, at Rockingham Motor Speedway. Two days of rain, coupled with chilly temperatures, made it impossible to dry the 1.5-mile oval in time ... Continue reading

CART: Andretti prepares for racing at Rockingham

CART: Andretti prepares for racing at Rockingham

September 21, 2001 Corby, ENGLAND--- Team Motorola and Michael Andretti have arrived at Rockingham Motor Speedway to begin preparations for the inaugural Rockingham 500 to be held on Saturday, September 22 on the newly built 1.5-mile oval. Although the weather cooperated to day with partly sunny skies, there was water ... Continue reading

NASCAR WCUP: Ganassi Racing with Felix Sabates will contribute to disaster relief fund

NASCAR WCUP: Ganassi Racing with Felix Sabates will contribute to disaster relief fund

September 21, 2001 MOORESVILLE, N.C. –– The No. 40 and 01 teams of Chip Ganassi Racing with Felix Sabates will donate up to $24,000 to the American Red Cross Disaster Relief Fund following the Dover Downs NASCAR Winston Cup event this weekend. Chip Ganassi Racing with Felix Sabates drivers Sterling Marlin, ... Continue reading

FIA RALLY: Propecia Rally New Zealand Preview

FIA RALLY: Propecia Rally New Zealand Preview

September 21, 2001 The world's top rally stars will fight for victory on some of the finest roads in the world on the tenth round of this year's FIA World Rally Championship, the Propecia Rally New Zealand, which starts in earnest tomorrow morning. The country's smooth, flowing gravel stages are regarded by many of the ... Continue reading

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