Breakthrough Computer Technology: High Performance and Encryption

How often do we read and hear about Data and Identity Theft these days? Theft of personal, industrial and government data is on the rise and the fastest growing type of crime. Data and information are our most valuable and vulnerable resource tools. Can theft be prevented? Yes – most of it can. In keeping up with new products for Business, Industry and Engineering Computing there is new technology available. Totally encrypted computers and hard drive storage. Vault Computer has expanded into Texas and Louisiana distributing computers in the Houston, Beaumont and Lake Charles areas. These are state of the art high performance computers that are built to last with the latest technology.


There is something very new added to these computers bringing total security into your control – Encryption. As an option you can include hardware encryption to a Vault Computer at a reasonable cost. They use the only SATA hard drive solution available. Vault Computer utilizes 256-bit AES hardware encryption that encrypts the entire hard drive. Data access is only provided with a key. In fact, the computer will not load the operating system without the encryption key. What if the hard drive is removed or stolen? It will be BLANK! This means nobody can see, use or steal your data – it is safe and secure, 100%. This is the exact technology NASA and the rest of the US Government uses to protect their data and is a security industry standard.

Vault Computers with encryption are in use now by Federal Judges, Lawyers, Accountants, Doctors, Industry, Small Business and Private Individuals that want their data safe. No one will ever see your data.




If you do not need the encryption solution, Vault Computer offers the same rock solid platform without encryption if you want a performance computer for industry, business, media or personal use. These computers are extremely fast, ultra quiet and powerful. They come with a four or eight-core processor at 4+GHz per core and 16-32 GB of DRAM. A 1TB hard drive with SATA III (6GB/sec) interface is standard. These computers do not slow down when loaded with resource consuming programs or tasks.

All computers include High Definition Audio, 2/4/5.1/7.1-channel sound with 108dB Signal-to-noise ratio, DVD playback and Dolby Home Theater audio. If you want a Blu-ray DVD player you have that option.

Vault Computers are already in use in the Golden Triangle Area and used in Process Engineering, Automation, Engineering, Industry and Personal Use. Clients report that these computers blow the competition away. For more information and specifications go to:

www.thevaultpc.com

Prices are reasonable and cost thousands less than the nearest equivalent performance from the big box makers. Vault Computer uses higher quality components making them a much better choice for long service life. Whether you want unbreakable security for your data or just the fastest computer available, look into a Vault Computer.

ENGlobal Corporation: What Is InThe Future?

On 30 August we heard that ENGlobal completed its sale of Gulf Coast Engineering and In-Plant Services for about $20 million. The figure announced 16 July was $21.5 million and a $3.5 million promissory note. Offhand it looks like the deal netted ~$5 million less than first announced – the wrong money direction, but closed nevertheless.

ENGlobal’s words earlier were that they were selling “approximately half our business”. So with half the income and revenue the stock stays approximately the same? Does anyone else think the market forces are unusual?

One of the most revealing statements in the July release was, “…through Closing of this transaction, we will have reduced our debt and vendor obligations by approximately $50.0 million." Were any of you aware that debt had reached this magnitude? I don’t believe we ever got that transparency beforehand and then in July, revealing this accumulated debt fact highlighted later, as a ‘plus’ accomplishment?! Think what you want, however, the pattern of disclosure suggests you find out issues later than sooner.

A point I will give Bill Coskey, he is a survivor. This statement from the July release I find resonanting, "The ongoing ENGlobal operations will become strategically focused, well positioned for growth, and essentially free of bank debt.” The key word there was “Essentially”. For those of you that think that ENG will ever be debt free – Nope. Debt was less reduced by the money differences mentioned in the first paragraph plus an additional $10 million Credit Facility was announced in the 30 August release. Debt was reported to be $12.5 million at August 7, 2013.

The new Credit Facility is only a one-year term used for…”working capital purposes, as needed, and will allow the Company additional time to analyze its long-term capital needs.” Please notice the underlined portion which means ‘we’re not done figuring it out yet’. I do not mean to relate this idea as entirely negative; the potential for a positive situation emerging is equally possible.

Measuring the Company

2Q 2013 was a poor showing. Compared to 2Q 2012:
•    $0.06 loss per share, an improvement from a loss per share of $0.37
•    Revenue of $50.6 million, a decrease of 14.5%
•    Gross profit margin as a percentage of revenue of 10.9%, an increase from 8.8%
•    Overall SG&A decreased from $7.9 million to $6.4 million

An improved loss! A loss is a loss, your loss amount may decrease but extended losses lead to bankruptcy. Revenue decreased and now half the company is sold, so watch the revenue number closely in the future. The margins improving are a good sign. SG&A should really decrease more; however, this is the period ending 30 June. Observe the next nine months financials to establish a trend. If you see no significant positive trend then I would be concerned.

From the 2Q release: Mr. Coskey continued. "In effect, this transaction [asset sale] serves as a directional change for ENGlobal. We will have a fresh start and our management team will now have the freedom to pursue strategic opportunities that we believe will ultimately grow the Company. Through the balance of this year, we will firm up the new goals for our Company's future – and look forward to communicating our short- and long-term plans during that time." Well folks how many times have we heard something like this from recent CEO’s? Question: What took away ENGlobal’s management team’s “freedom to pursue strategic opportunities that we believe will ultimately grow the Company” in the first place?

To be honest I do not think I could come up with a better statement under present conditions or would expect much different from the company’s position of being ‘painted in the corner’. I just wouldn’t let myself get into that predicament in the first place. Isn’t being proactive is what management is all about? One thing is for sure when you consider the end of the quote – change is not over and you will have to wait to hear the future plans. Good luck to everyone.

We The People

If you support Democracy you have to support the will of the majority of people – period. Something good and interesting just occurred in Colorado. Legislators bending to the will of others and not the people who voted and hired them were recalled. Stunned, these elected officials are now out of a job. This particular battle occurred in Colorado and fought over firearms and the Second Amendment, however, more importantly is was a battle won using a grass roots campaign, against elected officials who did not respect the voice of those who elected them.

Here is the full article:

Total Recall: Colorado Lawmakers Ousted in Historic Vote

When legislators disregard the voice and will of the people who vote them into office, the people should rightly vote those legislators out of office.  On Tuesday, a historic grassroots effort by voters in Colorado resulted in just that--the recall of Colorado Senate President John Morse (D) and Senator Angela Giron (D).  This week's action represents the first recall of legislators in Colorado history.  Tuesday's vote sent a clear and unmistakable message to elected officials that their primary job is to listen to the people and defend their rights and freedoms, and that they are accountable to their constituents--not the dollars or social engineering agendas of out-of-state anti-gun billionaires.  Simply put, legislators work for the voters, not the other way around!

Recall proceedings began earlier this year, after Sens. Morse and Giron voted for anti-gun legislation that restricted the ability of law-abiding residents to exercise their Second Amendment rights, including their inherent right to self-defense. This effort was driven by concerned Coloradoans, who collected petition signatures, made phone calls, knocked on doors, and worked diligently to turn voters out in this historic effort. And despite massive spending by Michael Bloomberg and the anti-gun elitists, Sens. Morse and Giron are now looking for work.

Voters in Colorado insisted that their voices be heard--and they were.  They stood up for their Second Amendment rights, against formidable anti-gun adversaries, and were victorious.  The National Rifle Association Political Victory Fund (NRA-PVF) is proud to have stood with them and applauds them for sending a clear message that their Second Amendment rights are not for sale. We were pleased that our on-the-ground grassroots efforts were able to supplement those of Colorado citizen activists and send a shot across the bow of the nation's anti-gun elites.

We look forward to working with NRA-PVF "A" rated and endorsed Bernie Herpin (R) from Colorado Springs and NRA-PVF "AQ" rated and endorsed George Rivera (R) from Pueblo in the Colorado State Senate.

http://www.nraila.org/legislation/state-legislation/2013/9/total-recall-colorado-lawmakers-ousted-in-historic-vote.aspx

A video can be seen here.

Conclusions

Americans may sit on their duffs and complain for a while, however, when we’ve had enough we take action. We unite and act. That message was just sent to those powerful and rich politicians trying to ignore our voices and constitutional rights. The rights this country was founded and then built upon. These former Colorado legislators were being influenced by Joe Biden, President Obama and Mayor Bloomberg who gave money to fight the efforts to remove them from office. Do not expect this event to make the media headlines as it should due to biased media.

See and earlier post covering media bias:

http://t38pilot8202.blogspot.com/2012/12/san-antonio-theater-shooting-gun.html

A recent example of this media bias was the 2 million strong biker ride in to Washington DC by motorcycle enthusiasts on 9/11. This was in response to an attempt at a 1 million Muslims gathering for the “American Muslim March Against Fear”. It had been originally touted as the “Million Muslim March.” The Muslims got some coverage but the motorcycle riders got next to nothing. If fact, the Muslims got a permit to gather and parade but the motorcyclists promoting American Constitutional Rights did not. At the day's close the motorcyclists numbered 880,000+, but less than 30 of the Muslims showed up.

In the end it is up to you as an individual to speak up, unite and act when your leaders no longer listen. Yes, things will change with time – they always do. However, that does not mean we have to give up Democracy and fundamental values this country was built upon. Those values are what made this country strong in the first place. Those values are what give us our freedom. Freedom allows us to bring quality to our children and families. It guarantees our right to the pursuit happiness.

ENGlobal Corporation: Previous Segment Sale Final, New Credit Facility

ENGlobal Finalizes Sale of Gulf Coast Operations
Enters Into New $10 Million Credit Facility

HOUSTON, Aug. 30, 2013 (GLOBE NEWSWIRE) -- ENGlobal Corporation (Nasdaq:ENG), a leading provider of energy-related engineering and automation services, announced today that it successfully completed the sale of its Gulf Coast engineering and in-plant operations to Furmanite America, Inc. ("FAI"), a subsidiary of Furmanite Corporation (NYSE:FRM) ("Furmanite"). The total consideration of the transaction to ENGlobal was approximately $20 million, consisting primarily of cash funded at closing. The Company will use the cash proceeds from the transaction to repay its outstanding debt under its existing credit facility and for working capital purposes. Further terms of the transaction were not disclosed.

ENGlobal will retain its Engineering operations and the entirety of its Automation operations located in Houston, TX, Tulsa, OK, Mobile, AL, Denver, CO, and Chicago, IL, which perform project execution services primarily to the energy industry. The Company previously announced that it intended to concentrate on its core Engineering and Automation segments in these markets and target specific engineered solutions, utilizing both in-house and third party intellectual property.

ENGlobal also announced that it has entered into a one year, $10 million credit facility with its lender, which will be used for working capital purposes, as needed, and will allow the Company additional time to analyze its long-term capital needs. 

"The completion of this transaction with Furmanite is a significant milestone for ENGlobal," said Mr. William A. Coskey, P.E., Chairman and Chief Executive Officer of ENGlobal. "Now, as a stronger company, we plan to return our attention to strategic growth. I would like to personally thank all of our employees, especially those in our Gulf Coast operations, for their patience throughout this process and commend the transition team for their efforts."

Mr. Coskey, continued. "I have great respect for Furmanite's management team and have no doubt that our Gulf Coast employees are in good hands. We look forward to working with Furmanite on future projects."