Himfr.com Reports That the Pentium B70 is on the Market

BEIJING, April 16 /PRNewswire-Asia/ -- Himfr.com (http://www.frbiz.com/automobile/ ), one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, reports that the Pentium B70 has come on the market. Himfr.com will sell this kind of car.

Compared to the Pentium B7008's 2.0MT and AT comfortable type, the 09 series 2.0MT and AT special edition have not changed much in appearance. The configuration includes push-button unlocking function, four-glass lift function by remote control, combined dashboard white background light, reversing radar and smart rear-view mirror. These five functions will enhance the use of comfort and driving safety.

At the same time, the 09 series 2.0MT and AT special edition have made improvements to the auto interior design. These include the central air-conditioning outlet, side air outlet nozzles made of metal with membrane, CD volume knob, A shield, portal plate handrails, fabrics such as leather seats, vice driver's side dashboard internal debris boxes, CD audio panel, air-conditioning controller knob, soot lid, hand brake cover, debris boxes within the central handrails, the hand brake assembly, and so on.

Recently, the Pentium B7009 special edition, 2.0MT and AT, came on the market. The price for these two models is 129,800 yuan and 141,800 yuan. From the beginning of April, himfr.com has these kinds of automobiles and promises to provide the lowest price for them.

Source: http://news.prnewswire.com/

Indian Industry Reaping Recessive Consequences

Testing times are ahead for the Indian industry, in particular the SMEs, which will have to wait a little longer for the economic climate to look up

The Indian industry, including the SMEs, which were hoping for a recovery in the industrial production and export market this quarter, will have to wait a while longer.

Reeling under the economic lull, India’s industrial sector has continued to register negative growth since the first quarter of the last financial year.

Moreover, with no signs of improvement in the export market, economists and industry analysts anticipate the industrial outlook to remain negative even during the first half of the current financial year.

Biggest monthly contraction in Feb 09

Despite the twin stimulus packages and several initiatives undertaken by the government to boost the manufacturing sector, industrial production saw its biggest monthly contraction, since April 1993, in February 2009. India's industrial output shrunk by 1.2% during the periodowing to a weak market demand and poor performance by the export sector during the month.

SMEs engaged in the manufacturing of basic, intermediate and consumer goods also registered plummeting margins. Nitin Maheshwari, Proprietor, Ambika Synthetic Mills, says, “The steep fall in demand and contraction of external orders in the international markets made it extremely difficult for small-sized manufacturers to maintain our output levels.”

Moreover, the worsening credit squeeze has compelled industrial units to revamp their production schedule and lay-off workers. Sunita Agarwal, Proprietor, Arihant Exports, a leading textile supplier in Kolkata says, “We have witnessed nearly 20% fall in our revenue growth as compared to the last year’s figure. Dwindling export orders and thinning margins have left us with no option but to cut down production.”

Bleak prospects

Going by the prevailing economic scenario, complete market recovery seems unlikely during the coming quarters. In addition, as per Moody’s forecasts, the industrial outlook is anticipated to remain gloomy until the export sector gains momentum. Given that exports are unlikely to recover any time soon, a revival in industrial production during this quarter also seems improbable.

Source: http://www.bestsyndication.com/?q=node/27840

Entraction to Sell its Online Poker Sites, to Focus on B2B

Nordic Stock Exchange-listed Entraction Holding AB announced this week that its Casablanca Gaming Group subsidiary, Casagaming Ltd, has signed a Letter of Intent to sell its customer-facing poker operations to iGame Ltd.. The move frees another Entraction Holding subsidiary, Entraction Solutions, which has been operating the Entraction Poker Network, to focus solely on being a business to business (B2B) supplier of products and services for internet gaming.

Entraction separated from Casablanca Gaming back in December 2007 when the original 24hpoker holding company was split into separate consumer and supplier companies, in part to make it clear that online gaming operations were not being conducted in Sweden, since Swedish law does not permit online gaming operations within Swedish borders. (click here for related article).

The signed Letter of Intent includes commits iGame Ltd to acquire the online poker assets (domains, customer registry and brands) of Casagaming Ltd. Malta-based Casagaming Ltd operates the well known online poker sites 24hPoker and Martinspoker, and more. iGame operates online poker site Pokerihuone on the same Entraction poker network as the Casagaming sites.

Entraction CEO Peter Astrom said, "The selling of the gaming operations is a milestone for Entraction and enables us to focus 100% on our supplier operation. In a time when many of our competitors does the opposite and start to mix the roles of operator and supplier, Entraction's focus makes us both more attractive to new parters and more transparent to investors." He added, "I am certain that iGame Ltd will continue to successfully operate the sites in our network."

A spokesperson for Entraction said the move was a "strategic decision" aimed at avoiding any element of confusion among its B2B clients. "We wanted to make sure we are only a supplier," said the spokesperson. "We don't want to compete with anyone and have no intention to do so. It hasn't been a huge problem, but we were spending a lot of time answering questions. [And] if you compete against your partners, they might not be happy."

Entraction will now be focusing solely on the provision of poker and sports-betting software, with the development of a live-betting offering a top priority. Entraction also provides casino and bingo products through deals with NetEnt and Wagerworks.

According to Entraction, 24hpoker and Martinspoker accounted for around 10 percent of the liquidity on the Entraction poker network. The other top sites on the network include NoIQpoker, Redbet and Goldbet, as well as parts of the Victor Chandler poker offering. NoIQ joined Entraction from Playtech's iPoker network back in January after rumoured disagreements surrounding the issue of rakeback.

Source: http://www.pokerpages.com/

Paper Industry Showing Signs of Slowdown

The paper and printing industry in India had successfully withstood the recessionary pressures till now. However, this might change soon. Given the mounting recessionary pressures, the sector may not be able to remain immune to the ongoing economic crisis for long.

The threat posed by cheaper imports has put the domestic paper industry under tremendous pressure to cut down on prices. Moreover, the demand slump in the domestic market has also become a cause of concern for small and mid-sized paper manufacturing units.

Cheaper imports a threat

SMEs, which account for a major share in the writing and printing paper industry, recorded a double-digit topline growth and posted healthy net profits during the last financial year. However, increasing imports of low-cost paper products from countries like China and Indonesia have made it unlikely for small-scale paper manufacturing units to sustain their revenue growth.

As Gurbir Singh, Director, Hemkunt Paper Mills Ltd, says, “Dumping of low-priced paper from other countries has put our profits at stake. In wake of the continuous pressure from cheaper imports, we might be required to cut our prices to remain competitive.”

During last year, the Indian paper market witnessed a five-fold jump in the monthly import of coated paper. The total import of this paper rose to 10,000 tonnes in 2008 from 2,000 tonnes in the previous year.

The imported coated paper is 15% cheaper than the ones manufactured by the Indian paper units. Due to the higher prices, paper manufacturers are losing their competitive edge in the market.

Falling export orders affecting paper SMEs

Besides the onslaught of cheaper imports, small paper units are also witnessing reduced demand for paper in the international market. Declining outsourcing orders in publishing as well as dwindling demand from software and e-ticketing business have cast a shadow over the prospects of the sector in the coming quarters.

Lower international prices have compelled Indian paper units to review their pricing policies. Global paper prices dropped down to $750 a tonne a few months back from a high of $1,000 a tonne, thereby compelling domestic paper units to slash their prices. But most small paper manufacturers are not in a position to reduce prices, since any further price correction would imply a complete erosion of their bottom line.

As Jagdish Kothari, CEO, Ajanta Impex, says, “Any drop in the global paper prices will simultaneously put us under pressure to cut back prices on the domestic front. However, most of the manufacturing units are in no position to make further price-cuts since they operate on paper-thin margins.”

To abate the rising pressure on the price front, the paper manufacturing industry has sought safeguard duties on imports from the government to shield small players from the adverse affect of cheaper imports.

Moreover, given the volatile market situation that paper sector is currently witnessing, it is advisable that paper manufacturing companies tread cautiously.

Source: http://www.bestsyndication.com/?q=node/27271

Entraction Offloads Poker Sites To Refocus On B2B

The Swedish firm Entraction has said the sale of its consumer-facing poker sites will help it focus on the business of being a purely online poker and sports-betting software supplier.
Nordic Stock Exchange-listed Entraction announced yesterday that subsidiary Casablanca Gaming had signed a letter of intent to sell its poker operations 24hpoker and Martinspoker to iGame Ltd, operator of the Finnish-facing pokerihuone site, for a total of €4.5m. Entraction will receive €2.75m of that sum. Casablanca Gaming was 57 percent owned by Entraction, with a company called Epicure Ventures owning the remaining 43 percent.

Entraction separated from Casablanca Gaming back in December 2007 when the original 24hpoker enterprise was split into the consumer and supplier parts of the company.

According to Peter Astrom, Entraction’s chief executive, the rationale for the deal is to differentiate the company at a time where the line between consumer-facing and business-to-business (B2B) provision is becoming increasingly blurred.

Astrom explained the deal was a “milestone” for Entraction in its progress towards becoming solely a B2B supply company. “In a time when many of our competitors [are doing] the opposite and starting to mix the roles of operator and supplier, Entraction’s focus makes us both more attractive to new partners and more transparent to investors.”

A spokesperson for Entraction said the move was a “strategic decision” aimed at avoiding any element of confusion among its B2B clients. “We wanted to make sure we are only a supplier,” said the spokesperson. “We don’t want to compete with anyone and have no intention to do so. It hasn’t been a huge problem, but we were spending a lot of time answering questions. [And] if you compete against your partners, they might not be happy.”

The spokesperson added that Entraction had “got an offer that we thought was fair” for the consumer-facing sites.

Entraction will now be focusing solely on the provision of poker and sports-betting software, with the development of a live-betting offering a top priority. Entraction also provides casino and bingo products through deals with NetEnt and Wagerworks.

According to Entraction, 24hpoker and martinspoker accounted for around 10 percent of the liquidity on the Entraction poker network. The other top sites on the network include NoIQpoker, Redbet and Goldbet, as well as parts of the Victor Chandler poker offering. NoIQ joined Entraction from Playtech’s iPoker network back in January after rumoured disagreements surrounding the issue of rakeback.

In its last results for the year to December, Entraction saw net turnover rise nearly 50 percent to SK346.1m (€31.9m). However, EBITDA was down marginally at SK54.7m and operating profits were down 18.5 percent at SK40.1m. For the full year, Entraction’s share of Casablanca Gaming’ income contributed SK30.6m to group turnover and SK3.46m to operating profit. As of the end of December, Entraction had net cash of SK86.3m.

Elsewhere, mobile gaming specialists Probability and Mfuse have hooked up with a distribution agreement that will see Mfuse integrate Probability’s games into the mobile operating systems of Mfuse’s large customer base of largely sports-betting operators. Probability chief Charles Cohen said the deal would extend the distribution of its games and branded slots.

Source: http://www.gamblingcompliance.com/node/36965