By Cees Bruggemans, Chief Economist FNB

After three quarters of negative growth, the South African economy grew by 0.9% annualized during 3Q2009, better than the consensus expectation of +0.5%.

Some 55% of economic sectors (by GDP weight) drove the growth, led by manufacturing +7.6%, electricity +4%, construction +6%, government +5%, personal services +1.5% and communication +1% (quarterly annualized).

The remaining 45% of sectors (by weight) kept growth down with their ongoing declines, led by agriculture -9.8%, mining -5.8%, retail, wholesale and motor -1% and finance -1.5% (quarterly annualized).

Due to rebasing of surveys (using 2005 rather than 2000) and new estimates, some of the historic data changed, though not shockingly.

The recession turned out to have been deeper, with GDP falling 7.4% annualized in 1Q2009. Then again the preceding boom turned out to have been better than ever imagined, with 2005-2008 on average adding 0.4% to their annual growth

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Wednesday November 4, 2009

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Power3 Medical Products, Inc. (OTCBB: PWRM), a leader in neurodegenerative disease and cancer biomarkers and diagnostic tests, announces further international recognition of validity as the company’s President and CSO, Dr. Ira Goldknopf, will deliver an invited Keynote address and chair a session on “Biomarkers and Diagnostics in Personalized Medicine (Track 6-4),” at the BIT Life Sciences 2nd International Congress and Expo of Molecular Diagnostics in Beijing, China, November 19-21, 2009. The Theme of the meeting is “New Leadership of

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L-3 Communications Holdings Inc. (LLL) yesterday announced that its subsidiary L-3 Communications Corporation will issue $1 billion in senior notes with coupon rate of 5.2%. The notes are due in October 2019.  L-3 Communications will use the proceeds from the note issue along with available cash to reduce its debt burden. The company plans to redeem $750 million in senior subordinated notes due in 2012 and repay a $650 million term loan. Apart from that the company will also replace its existing $1 billion revolving credit facility with a 3-year facility of at least $750 million.  L-3 Communications has one of the strongest balance sheets among its peers with a low debt-to-capitalization of 38.3% after the first half of fiscal 2009. The company continues to be a strong cash generator and closed the first half of fiscal 2009 with cash and cash equivalents of $897 million. ...

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Tuesday September 15, 2009

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PWRM, NWMT, CVAT, CSRH, CCTR, NUBL, SPNG, IOPM, AQNM, TSPG

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PWRM, Power 3 Medical Products Inc, PWRM.OB

PWRM is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways, and mechanisms of diseases through the development of diagnostic tests and drug targets.

PWRM’s NuroPro PD test was developed to help clinicians distinguish patients with Parkinson’s disease from “normal” individuals and patients with other neurological disorders. The NuroPro PD test, developed by Power3, utilizes a panel of blood serum protein biomarkers evaluated by biostatistical analysis to predict the probability that

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L-3 Communications Holdings Inc. (LLL) bagged a contract from the U.S. Special Operations Command for remotely piloted aircraft or drone support. The indefinite delivery, indefinite quantity contract with one base year and four option years is potentially worth up to $250 million. Work on the contract will be carried out in L-3's Geneva Aerospace unit in Carrollton, Texas.   The contract will boost the Specialized Products segment of L-3 Communications. Of late, the order backlog of the segment witnessed a steep decline. Funded backlog declined to $2.4 billion after the end of the first half of fiscal 2009 as compared to $3.1 billion in the year-ago period. Overall, L-3 Communications’ funded orders for the fiscal second quarter fell 20% to $3.3 billion, compared to $4.2 billion in the year-ago quarter. Funded backlog also decreased 3% to $11.2 billion, compared to $11.6 billion at Dec 31, 2008.   Based ...

CARY, NC (CRWENewswire) NuMobile, Inc. (OTC.BB:NUBL) today released an exclusive Webcast discussing the Company’s rollup acquisition strategy, organic sales progress and recently announced letter of intent (LOI) with Enhance Network Communication, Inc. The review of the Enhance opportunity includes an overview of an anticipated $20 million contract for Enhance’s proprietary technology. The anticipated $20 million contract, with expected $8 million gross margin, is to be included as a performance condition within the acquisition agreement between NuMobile and Enhance. A link to the Webcast is available on the corporate Website www.numobileinc.com under Investor Relations titled “NuMobile Rollup Strategy Update Webcast.”

LOI with Enhance Network Communication NuMobile is building a portfolio of security and software solutions for the mobile computing and smartphone market. The Company has recently announced entering into a letter of intent to acquire Enhance Network Communication, Inc. Enhance is headquartered in Cupertino, California and currently reports approximately $1.2 million

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Friday September 11, 2009

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NuMobile, Inc. Anticipated $20 Million Contract With Expected $8 Million Gross Margin Featured in Webcast With Overview of $0.10 Suggested Fair Value Target PPS

CARY, NC–(CRWENEWSWIRE - 09/11/09) - NuMobile, Inc. (OTC.BB:NUBL) today released an exclusive Webcast discussing the Company’s rollup acquisition strategy, organic sales progress and recently announced letter of intent (LOI) with Enhance Network Communication, Inc. The review of the Enhance opportunity includes an overview of an anticipated $20 million contract for Enhance’s proprietary technology. The anticipated $20 million contract, with expected $8 million gross margin, is to be included as a performance

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L-3 Communications Holdings Inc. (LLL) yesterday won a contract from the U.S. Army to provide power generators for the Bradley Fighting Vehicle. The bid, whose financial terms were undisclosed, was awarded to the company’s Combat Propulsion Systems and Magnet Motors units. The company has already started work on the contract and expects to deliver the initial lot of 10 prototypes by the next two fiscal years. L-3 Communications’ power generators are expected to supply higher electrical power, thereby increasing the vehicles mission loads apart from upgrading integration options for high-capacity auxiliary loads. This order will boost the dwindling order backlog of the company, which in the second quarter of fiscal 2009 fell 20% year-over-year to $3.3 billion. Headquartered in New York, L-3 Communications is a leading provider of Intelligence, Surveillance and Reconnaissance (ISR) systems and products; secure communications systems; aircraft modernization, training and government services; and ...

Guardian Technologies International, Inc. (OTCBB: GDTI) today announced that its Software Quality Assurance Team has completed all unit, component, integration, and systems tests of Signature Mapping TBDx? (TBDx?) in preparation for September clinical trials in South Africa. Under rigorous internal performance testing of 740 sputum slides, TBDx processed each slide in minutes while maintaining a consistently high bacilli detection level of over 90%, with false positives of less than 3%. In a global environment where sputum microscopy detection is only 20%-60% accurate and final results can take up to eight weeks, TBDx represents a diagnostic transformation towards automated detection of tuberculosis (TB). Further, the Signature Mapping platform can potentially be applied to all laboratory diagnostic procedures (i.e. malaria, leprosy, HIV, et

Nortel(1) (OTCBB:NRTLQ) Carrier VoIP and Application Solutions (CVAS) continues to receive recognition from leading analyst firms, Infonetics Research and Dell’Oro Group whose recently published reports rank Nortel as the global

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Wednesday August 26, 2009

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GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) announced today that they have had substantive and confidential discussions with Dell Inc. regarding usage and high volume purchase of their low cost, low power netbook computers for their “Mobile Robot Solutions for Safety, Security and Service(TM).”

NuMobile, Inc. (OTCBB: NUBL) today announced the Company expects to increase its revenue forecast at the end of the third quarter. The Company had previously announced a $1 million revenue goal for its first year of operations. Yesterday, the Company announced entering into a letter of intent to acquire Enhance Network Communication, Inc. Enhance is headquartered in Cupertino,

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