Get Rich

Once a favorite with a loyal cult following, latest enhancements from GarsWorld.com position OracleTrader 7.3 at the forefront of powerful, user friendly stock analysis and trading sites. Born of personal financial tragedy, Gary “Gar” Crandall combines valuable tools with personal accessibility and hands-on guidance. Subscribers pay only a one time fee. Unlike other sites, there are no recurring charges or monthly subscriptions.

Vancouver, WA («www.prweb.com») September 17, 2007 — OracleTrader 7.3, the latest release from GarsWorld.com («www.garsworld.com» Web site the choice of savvy traders. Poised to break beyond being the clear choice of an informed few, GarsWorld.com is now ready to take a spot among the most well-known, reputable and successful stock advisory sites.

“While weve introduced improved functionality and responded to user requests, our most compelling features remain unchanged,” said Gary “Gar” Crandall, creator of OracleTrader. “Customers pay a single one-time fee for full access to our site. And Ill still be there, along with subscribers, for our very popular trader chats.”

«www.garsworld.com»
Those features set GarsWorld.com apart from the sometimes shadowy world of stock picking Web sites. Crandall has been careful to craft a site that never loses sight of its beginnings. Forced into poverty as the bursting tech bubble reduced his personal worth from over $5 million to zero, Crandall took up an extensive study in the market as a means to regain what he lost.

“In 1999, as part owner of a software development company, I sold my part in the business for $5 million, all of it in stock. But because of lockout restrictions, I was severely limited to specific stock selling periods,” Crandall said. “As the tech bubble burst, I went bust. The stock I took at $150/share was barely worth $15/share before I could sell. By the time I was allowed to unload the remainder of my stock, it was worth about $1; a $150-to-$1 price decline in less than six months.”

But from the rubble, Crandall first had a question, and then a successful new venture.

“I had one burning question: How can a company be worth $150/share one day, be worth $1 only six months later? Could the stock market experts be that wrong? To my shock, the answer was yes, they can be that wrong,” Crandall said.

GarsWorld.com is the result. Combining diligent study of stocks with his experience as a computer programmer, Crandall authored a program to mimic his money-making «www.garsworld.com». He has been able to gather a circle of devotees and help others who have been victimized by less than scrupulous financial advisers and stock analysts.

Key to that is OracleTraders novel approach, asking customers only to pay an upfront fee, with no ongoing subscription fees. User surveys show Crandall hes right to extend only advice to his customers each month, not an upturned palm. And if customers like the fee structure, they love the regular live trader chats. Crandall is there for each chat, offering clients advice, support and personal attention unparalleled in the industry.

Now OracleTrader 7.3 debuts, filled with exciting new features, a revamped interface, and video tutorials. The real-time “trading simulator” is a revelation. It allows users the chance to practice trades using real market data and play money. Its an excellent laboratory to perfect new investing strategies before debuting them on the Street.

For more information, visit: «www.garsworld.com»

Contact:
Rex Webster
Marketing Manager
Garsworld, Inc.
(405) 285 4078

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Harris Jones could get as much as 8m for his three-year stint at C&W’s overseas empire, which straddles Barbados to Macau.

Some 4.3m of the ‘golden goodbye’ is Harris’s slice of a highly contentious private equity-style bonus pool, which promises hundreds of millions in performance-related pay for top managers.

The American stood to earn 20m from the plan if he had lasted until the end of the decade, when the rewards are dished out. However, chairman Richard Lapthorne had other ideas following an embarrassing setback at its Jamaican subsidiary.

Lapthorne, who could make more than 10m from the scheme, said a ‘fresh pair of eyes’ were needed to ’step up’ overseas growth. He added: ‘The timetable for the long-term investment plan means speed is of the essence.’

The man with the clear vision, as far as the chairman is concerned, is UK head John Pluthero. Under his command, C&W’s domestic arm is finally returning to growth after years of turmoil, and Lapthorne hopes the ex-Freeserve boss can kick-start C&W’s overseas businesses.

To reflect his growing power base, Pluthero’s share of the bonus pot will rise by around 5 percentage points to 15%. With some 149m already in the pool, he stands to make tens of millions of pounds even if the company is bought or broken up before 2010.

The odds on that scenario coming to fruition shortened significantly yesterday after finance chief Tony Rice admitted C&W would begin looking at ‘all valuation options’ next year. Crucially, C&W has brought forward a three-yearly review of its 2.3bn pension scheme by 12 months.

If it follows Emap’s lead and farms out its 15,000 member fund to a pension consolidator, it will be much easier to sell on C&W’s two main divisions. Half-time results underlined the strides C&W (down 2.9p to 177.1p) is making after suffering competition in its home market.

Pre-tax profits jumped to 166m from 79m last year, with the rising 47% to 2.5p.

Other stories:
C&W boss to get huge pay-off
Cable & Wireless feels wrath over bonuses
C&W faces shareholder revolt
Shares storm at Cable & Wireless
C&W chairman faces flak over 11m
C&W investors to share cash pile
Sainsbury’s bid collapse costs
UK giants in the foreign takeover spotlight
Foreign raiders to storm Footsie
Virgin Media may spark auction

Without a chief executive until Trevor Matthews arrives from Standard Life in the summer, Friends has endured a terrible year.

It turned a profit of 491m in 2006 into a loss of 113m for 2007 and has faced scepticism from the City about its strategy and long-term future.

Today it confirmed that JC Flowers made an offer of 150p a share, but insists that this proposal ’significantly undervalues Friends Provident and its prospects and does not represent a basis for discussion’.

JC Flowers, run by former Goldman Sachs banker Chris Flowers, has made several offers for Friends - at lower levels on each occasion. Last year it tabled a bid at 175p a share, which Friends also rejected out of hand.

Friends entered a merger deal with Resolution Life before Christmas, but it quickly collapsed after better offers arrived for Resolution.

Chief executive Philip Moore was ousted in the fallout. Last month finance director Jim Smart said he would leave in August, giving Matthews an immediate hole to fill when he starts the new job.

Friends Provident shares have halved in the last year but gained today 4.4p to 124p. The Friends’ board, led by chairman Sir Adrian Montague, feels it cannot sell the company for less than 160p. It believes that any lower would be less than the insurer’s embedded value - or the long-term value of its policies.

However, so many customers have cashed in their policies due to poor investment performance that this embedded value is said by analysts to be in doubt. Friends is looking to sell its stake in F&C Asset Management as well as subsidiaries Lombard and Pantheon Financial. Critics of the company say that pushing through this strategy before Matthews arrives will leave the new chief executive in an awkward position.

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Flowers could yet return with another bid. It has a near 3% stake in the insurer. Friends is headquartered in London and employs 4,000 across the UK. It is cutting 600 of those jobs as part of its strategic review.

Other stories:
Friends to tell Flowers ‘put up or shut up’
In-the-red Friends to lose top money man
Friends Provident destroyed by a good idea
600 jobs go as Friends plans 1bn sell-off
Friends Provident seals its shake-up plans
City focus: Friends comes to the end of its innings
JC Flowers hits Friends Provident bid road
L&G won’t be making Friends with rivals

An Inuit leader in the region where Tahera Diamond Corp.’s Jericho mine is located said he hopes the company will emerge from bankruptcy protection, as Inuit would be affected if the mine closes.

Tahera was granted creditor protection on Wednesday after it failed to raise $40 million it needed to bring supplies up the winter road to the mine, which is Nunavut’s first and only operational mine.

The Jericho mine, which is the Toronto-based company’s main asset, is located about 360 kilometres southwest of Cambridge Bay, in the Kitikmeot region in western Nunavut. It began operating in early 2006 and officially opened in August that year.

About 35 of the approximately 100 people currently working at the mine are Inuit including some relatives of Donald Havioyak, president of the Kitikmeot Inuit Association.

“It’s a benefit to Inuit in the region, by way of employment and contracting,” Havioyak told CBC News on Wednesday.

“If it does close, it’s a loss to us.”

The association estimates that 160 people from the region work at the Jericho mine over the course of a year. Havioyak said he will meet with Tahera officials in two weeks.

“We have lots of Inuit from the region that are working in Tahera, and that would have a big impact,” he said.

“Unemployment can be a very sad thing for our region if they do close down.”

An Ontario Superior Court judge approved Tahera’s bankruptcy protection filing on Wednesday, appointing PricewaterhouseCoopers to monitor the company’s operations and help develop a restructuring plan.

Business will continue as usual while Tahera is under bankruptcy protection. The court will decide on Feb. 14 whether to extend that protection.

The company announced in November that it lost $143 million during the first nine months of 2007. It had also written off $73 million it had spent on the mine that it did not expect to recover.

At the time, officials cited the high Canadian dollar, high gas prices and flat diamond prices as reasons for its struggles.

Tahera had hoped to raise the $40 million in the stock market in order to resupply the mine before the winter road closes in the spring. But chairman and CEO Peter Gillin admitted that they were trying to raise a lot of money for a relatively small company.

“Market conditions are not all that robust at the present time,” Gillin said.

Gillin says if they can’t raise or borrow enough money, Tahera will have to sell the mine or the company’s other assets.

Wednesday’s news made Tahera one of the most active companies trading that day on the Toronto Stock Exchange.Tahera stocksclosed at seven cents Wednesday, down from $0.075, on trading of more than two million shares.

The global credit crunch, led by risingdefaults in the beleaguered U.S. subprime mortgage market,could be “quite ugly” for another six months, TD Bank chief executive Ed Clark told an investor conference Tuesday.

“I think it’s going to be quite ugly in the next few months,” Clark told the Scotia Capital financial summit in Toronto. “I’m sort of hoping that by next March, we’re through this.”

Clark said Canadian banks were in a better position to weatherthe crisisthan many other countries. “Canada is in very good shape so the problems that we have here will be of shorter duration,” he said.

Clark also said the current market volatility presents opportunities for his bank a sentiment echoed by several other bank CEOs at the conference.

“This market presents opportunities for large, well-capitalized, well-diversified financial institutions,” Royal Bank CEO Gord Nixon said.

“Risk is being more appropriately priced, which will positively impact our return on assets in the long term.”

Bank of Montreal CEO Bill Downe agreed that market volatility “may ultimately benefit both our trading business and the corporate loan book.”

Downe said his bank and others should brace for “some headwinds” until the credit markets settles down, but noted that he has seen “an improvement in the tone of the [commercial paper] market in the last week.”

Canadian banks control two-thirds of the $120-billion market in Canadian asset-backed commercial paper (ABCP) the short-term debt products that have been jolted recently by a lack of investor confidence.

Canada’s big bankshave pledged to support liquidity in allthe ABCP they sponsor. The bankshave limited or no direct exposure to the U.S. subprime market.