WFT, Weatherford International Ltd.
** ExxonMobil Upstream Research Company reported that it has awarded WFT the first global license for the company's MazeFlo sand control screens for oil wells.
MazeFlo is a patented technology developed by ExxonMobil to improve the reliability of wells completed in sand-prone reservoirs.
MazeFlo technology uses redundant screens and a maze of compartments to provide a self-healing capability against sand entering the producing section of a well. Each compartment contains a primary screen, outer housing, flow baffles and a secondary screen. If a primary screen erodes, sand will flow into the affected compartment and accumulate on the secondary screen. Fluid continues to flow to adjacent compartments with undamaged primary screens and can be produced without active involvement from surface operators.
The screens utilizing MazeFlo technology were developed under a joint development agreement with WFT and will be installed and tested in ExxonMobil production wells during the next two years.
MazeFlo screens along with technology enhancements and best practices will be made available industry-wide following ExxonMobil's field testing.
ExxonMobil Upstream Research Company is the Upstream research affiliate of Exxon Mobil Corporation, a leading global oil, natural gas, and petrochemicals company.
WFT is a multi-national oilfield service company. WFT is one of the largest global providers of innovative mechanical solutions, technology and services for the drilling and production sectors of the oil and gas industry.
More about WFT at www.weatherford.com
BDE, Black Diamond, Inc.
** Based on preliminary unaudited information, BDE expects to report for the full year 2011 record consolidated sales of more than $145 million, increasing at least 16% from pro forma sales of $125 million for 2010.
On its fourth quarter 2011, BDE expects to report consolidated sales of more than $36 million, up at least 6% from $34 million in the same period the prior year.
BDE expects fiscal year 2012 sales to range between $160-$165 million, which does not include new category launches or the impact from possible strategic acquisitions. BDE also expects gross margins for fiscal year 2012 to be consistent with fiscal year 2011.
BDE is a global leader in the design, manufacturing and marketing of innovative active outdoor performance products for climbing, mountaineering, backpacking, skiing and other active outdoor recreation activities for a wide range of year-round use.
BDE's principal brands, Black Diamond(R) and Gregory(TM), are iconic in the active outdoor industry and linked intrinsically with the modern history of these sports.
More about BDE at www.blackdiamond-inc.com
PNX, The Phoenix Companies, Inc.
** PNX reported a distribution agreement with National Agents Alliance (NAA) under which NAA agents can offer the redesigned Phoenix Simplicity Index Life product to their client base.
National Agents Alliance is an innovative lead generation and marketing organization that sells life insurance, annuities, and other financial services products through more than 7,000 active independent sales representatives in 50 states.
Phoenix Simplicity Index Life is a simplified-issue, indexed universal life insurance product that provides universal life insurance protection with an attractive ability to build cash value.
This redesigned product contains several features that make it attractive to consumers. Most notably, the simplified issue format allows the entire underwriting process to be covered with a limited number of questions, routine database checks and no invasive blood or lab tests, versus the much lengthier standard underwriting process. Phoenix Simplicity Index Life is the only product of its kind offered to individual consumers.
Phoenix Simplicity Index Life offers permanent death benefit protection for those concerned about the financial security of a loved one, plus the additional advantage of an indexed feature.
According to PNX, since index credits are linked to the performance of the S&P 500 Index, clients are given the potential for higher earnings compared to fixed current interest rates, in addition to protection against market downturns. Interest and crediting rates are declared by PNX at the beginning of each index ?segment? and are subject to change.
Consumers can exchange pre-existing life insurance policies with Phoenix Simplicity Index Life, a process known as a 1035 Exchange, after consulting with a professional tax advisor regarding any tax consequences this process may produce. If an exchange is suitable, the consumer can trade in an existing policy for a more affordable one or add a cash value component to their policy for loans and/or withdrawals.
PNX is a boutique life insurance and annuity company serving customers' retirement and protection needs through select independent distributors.
More about PNX at www.phoenixwm.com
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyOmega.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyOmega.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://pennyomega.com/disclaimer). Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a media-advertisement and newswire company. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.