+30 % OTC-Insolvenztitel vor der Rettung! Composite Tech. - 500 Beiträge pro Seite

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Composite Tech. Hier die News!

Composite Technology Defeats Two Emergency Motions Filed by Pre-Bankruptcy Litigants That Would Have Forced the Immediate Resumption of Litigation
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9 May 2005, 08:00am ET

IRVINE, Calif., May 9 /PRNewswire-FirstCall/ -- Bankruptcy Judge John E. Ryan on May 6, 2005, denied the emergency motions of two pre-bankruptcy litigants seeking to have the automatic stay lifted and the litigation reinstated. Composite Technology Corporation (CTC) (BB:CPTC) filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code bankruptcy on May 5, 2005 solely to have these litigation claims addressed by the Bankruptcy Court in a single forum rather than having to defend multiple lawsuits in multiple jurisdictions. Each of these lawsuits related to claims for the issuance of CTC`s stock. On the same day as its bankruptcy filing, CTC filed a proposed plan of reorganization which if confirmed by the Bankruptcy Court would pay its creditors in full. In light of today`s ruling, these lawsuits will remain before the Bankruptcy Court and will be decided in due course.
Mentioned Last Change
CPTC 1.15 Up0.25dollars or (27.77%)

Leonard M. Shulman of Shulman Hodges & Bastian LLP, CTC bankruptcy counsel, states: "We are very pleased that CTC will now have an opportunity to present its plan of reorganization to its creditors. CTC proposes a plan that addresses its litigation claims and provides for payment in full to its creditors. This process is moving very quickly and we are pleased with the initial results." CTC`s Chairman and CEO Benton Wilcoxon added: "We are pleased with our results thus far. Everything is on track for CTC to emerge from bankruptcy with the resources needed to continue to our business of developing, producing and marketing innovative and cost effective composite core electrical conductor to provide electrical grid solutions for the utility industry. Nothing contained in our plan of reorganization is designed or intended to negatively impact our shareholders."

This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to Composite Technology Corporation (Company). However, actual events or results may differ from the Company`s expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, risks associated with international transactions, general economic conditions, availability of funds for capital expenditure by customers, availability of timely financing, cash flow, timely delivery by suppliers, or the Company`s ability to manage growth. Other risk factors attributable to the Company`s business segment may affect the actual results achieved by the Company and are included in the Company`s Annual Report filed with the Commissioner on Form 10KSB for fiscal year ended September 30, 2004.



Bin am Freitag noch zu 0,86 reingekommen. Extrem Volatil!

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US-Kürzel: CPTC WKN: 260803

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Jetzt an einer Chartechnisch wichtigen Marke! 1,2 wird unter hohen Umsätzen angegriffen.

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Es gab ja nochmals News:

Composite Technology Announces Launch of the Power Line Analysis Tool
Monday May 9, 8:10 am ET
Utility Industry`s Most Comprehensive Program Available

IRVINE, Calif., May 9 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC - News) announced today the launch of the Power Line Analysis Tool, called PLAT(TM), the utility industry`s most comprehensive comparative line analysis tool.

Developed and engineered internally by CTC, the Windows-run software program is designed to provide Power Utilities with a disciplined and efficient method to understanding the increased financial, mechanical and electrical advantages of the company`s proprietary ACCC cable over conventional commodity products.

"Our composite core technology represents one of the most promising innovations for the electrical utility industry and we are proud to continue our role for delivering the industry`s leading technologies with PLAT(TM) as well," said Benton Wilcoxon, chairman and CEO, Composite Technology Corporation.

"Our innovative analysis tool can now provide a planning engineer the freedom to perform detailed project analysis quickly and efficiently to confirm the advantages of our ACCC conductor technology in almost any project application."

Specifically, PLAT(TM) features an easy-to-use graphical user interface that planning engineers, project managers and administrators can utilize to precisely model a wide array of performance and cost advantages that illustrate how the ACCC is a cost-effective and reliable solution for increased power delivery.

The PLAT(TM) software program is engineered to showcase the advantages CTC`s innovative ACCC against conventional products in such categories as Demand, Throughput, Congestion, Operating Cost/Revenue and Capital Expenditures. The program also provides the end user with a financial summary to forecast first year through 20-year outlooks.

The CTC sales will begin using the PLAT(TM) program for various installation applications, including:

1. Increase Ampacity without Structural Modifications
2. Increase Ampacity without Building a New Corridor
3. Increase Ampacity of a New Corridor
4. Increase Ampacity of Older De-Rated Towers

CTC is an Irvine, Calif.-based company providing high performance advanced composite core conductor cables for electric transmission and distribution lines. The proprietary and innovative ACCC cable is superior to existing conventional conductor products of the same diameter in a number of key performance areas, including:

* Up to double the current carrying capacity of conventional cables
* Virtually eliminates high-temperature sag
* Uses conventional installation methods, tools and hardware
* Reduces construction costs by requiring fewer structures
* Resists environmental degradation
* Reduces line losses compared to same diameter conventional cables

CTC has established strategic relationships with existing cable manufacturers to rapidly expand production and facilitate deployment to end users worldwide. For more information, visit: http://www.compositetechcorp.com .

This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to Composite Technology Corporation (Company). However, actual events or results may differ from the Company`s expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, risks associated with international transactions, general economic conditions, availability of funds for capital expenditure by customers, availability of timely financing, cash flow, timely delivery by suppliers, or the Company`s ability to manage growth. Other risk factors attributable to the Company`s business segment may affect the actual results achieved by the Company and are included in the Company`s Annual Report filed with the Commissioner on Form 10KSB for fiscal year ended September 30, 2004.

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Der RSI ist wieder aus dem überkauften Bereich hinein in den Normalbereich. Wenn die 1,20 Marke fällt gehts nochmal brutal up!

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Es ist vollbracht...

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1,24

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1,4 sollten heute möglich sein