Intercambiocasas.com the internet leader in home swapping, the vacation alternative where «You stay in my home while I stay in yours»
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Intercambiocasas.com the internet leader in home swapping, the vacation alternative where «You stay in my home while I stay in yours»
Intercambiocasas.com Coupon Code
Coupon Code: ( 30eh )
30% discount coupon
Intercambiocasas.com the internet leader in home swapping, the vacation alternative where «You stay in my home while I stay in yours»
Intercambiocasas.com Coupon Code
Coupon Code: ( 30eh )
30% discount coupon
The NYSE declined to comment last night, saying only: "The NYSE is not investigating front-running." A spokesman for FleetBoston Financial Corp. had no comment. Van Der Moolen officials couldn't be reached. LaBranche officials didn't return calls for comment. Bear Stearns didn't return a call for comment. Goldman declined to comment.
Over the summer, officials at the SEC asked NYSE regulators to broaden the scope of a continuing probe into the behavior of floor traders, say people familiar with the matter. Up to then, the probe had focused on whether floor traders had made trades for their firms' accounts at times when they should have hung back and let public investors meet, without the traders' intervention, instead. But at the SEC's request, people familiar with the matter have said, the NYSE is now investigating whether floor traders "traded ahead" of customer orders, a related rule violation that occurs when a trader puts his or her firm's own interests ahead of investors' by ignoring one investor order in the process of interacting with another.
Van Der Moolen Specialists USA, which is owned by the Dutch trading firm Van Der Moolen Holdings, is among the smallest of the big five specialist firms on the floor. (Two others, Susquehanna Specialists and Performance Specialist Group, are significantly smaller.) Still, Van Der Moolen's stocks include bellwethers like Walt Disney Co., Pfizer Inc. and ConAgra Foods Inc. The firm, which is traded publicly in the Netherlands, also trades on the NYSE, where it listed in 2001. Its vice chairman, Robert Fagenson, sits on the NYSE's board of directors. Van Der Moolen, a significant player on its home exchange in Amsterdam, has built its NYSE floor operation through a series of acquisitions of smaller specialist firms on the exchange floor.
A home-exchange vacation is part cultural immersion, part creature comfort and wholly a relief from overspending. People can find homes - from palazzi in Italy to beachfront bungalows in the US - through exchange clubs, which have Web listings and directories they can browse for annual fees that range from $30 to $125. More than 30,000 people belong to these clubs. Aside from escaping hotel bills, a home exchange lets vacationers save in other ways. Beyond the savings, houses afford comforts unimaginable at hotels. Getting to truly know the locals, who can give a vacationer the skinny on the best sights and bistros, is another advantage.
Paula Jaffe makes a living helping clients swap their homes for vacations. When it's time for her to take a break, she puts her business sense to use. So far, her family has swapped their California home with European families five times. She always tries to trade her 3,200-square-foot place for a small two-bedroom apartment. That way, she doesn't spend her vacation straightening up a big place after her two kids.
Ms. Jaffe advises clients to be flexible on locations and dates. When she and her family couldn't find a Tuscan villa, they settled for a place in the Italian city of Cervia, just one block from the Adriatic Sea. While planning a home exchange in competitive locales such as Paris, Ms. Jaffe contacts at least 25 prospects and follows up daily. If that doesn't work, she tries listings without photos because they get fewer offers; they're often owned by people who don't know how to upload pictures to the Web.
Exchangers with children should try to swap with families of the same size, she says, because their houses will have similar requirements.
For the past 10 years, the Harmons have been house swappers. They open their home near South Park to travelers wanting to take in North Carolina's mountains or beaches or a Panthers game. Several years back, when they had a second house at Beech Mountain, they let vacationers from all over the world stay there, too. At the same time, the couple, married 54 years, stays in those peoples' homes in such locales as Sydney, Australia, and France's Provence region.
Rather than booking lodging with travel agents, the Harmons turn to HomeLink. HomeLink is one of a handful of organizations that allows swappers to list their homes online and to send and receive e- mails from people wanting to arrange an exchange. Membership fees are modest. HomeLink charges $75 a year. Most home exchange destinations are in North America and Europe.
In their dozen home exchanges, the Harmons said they've never had a bad experience. They've never stayed in a house billed as a castle but was really a hovel. Aside from a small stain on the carpet, they've never had problems with those who have taken up temporary residence in their home. (They don't even consider this to be a real problem.) "Our friends think we are nuts," [Carolyn Harmon] said. "But we're going to be in (the swappers') house. And, it's just stuff, so who cares."
InterOil Corporation Gary M Duvall V.P., Corporate Development (281) 292-1800 Email: gary.duvall@interoil.com OR InterOil Corporation Anesti Dermedgoglou V.P., Investor Relations +61 7 4046 4600 Email: anesti@interoil.com Website: www.interoil.com
InterOil Corporation (TSX:IOL) (AMEX:IOC) (ASX/POMSoX:IOC), a Canadian company with operations in Papua New Guinea, today announced that it has received waivers from the Australian Stock Exchange (ASX) and the Port Moresby Stock Exchange (POMSoX). These waivers allow US$33 million of indirect participation interest issued to be closed, as part of the US$125 million issuance of indirect participation interest to fund InterOil's exploration program in Papua New Guinea. Investors holding the US$33 million of indirect participation interest may elect to convert all of their interest in the second half of 2006, and upon conversion they would receive 877,420 common shares.
In addition, the POMSoX has agreed to consider allowing InterOil to maintain its PNG listing so long as it meets its home exchange listing rules, by waiving any POMSoX rules that may conflict with rules of its home exchange. As a result, InterOil will remain listed on the POMSoX under the symbol IOC and will continue to trade in full common shares.
"We are pleased the POMSoX recognized the conflict that can arise from being listed on numerous exchanges, and has allowed us to remain listed on the POMSoX under our primary stock exchange listing requirements," stated Mr. Phil Mulacek, CEO and Chairman. "This will allow for continued investment support within Papua New Guinea."
InterOil is developing a vertically integrated energy company whose primary focus is Papua New Guinea and the surrounding region. Its assets comprise an oil refinery, upstream petroleum exploration licenses, and retail and commercial distribution assets. The majority of the refined products from InterOil's refinery are secured by off-take contracts with Shell and InterOil's wholly-owned subsidiary, InterOil Products Limited. BP Singapore is InterOil's agent for crude oil supplied to the refinery. InterOil is also undertaking an extensive petroleum exploration program within its eight million acre license area located in Papua New Guinea.
InterOil's common shares trade on the Toronto Stock Exchange under the symbol IOL in Canadian dollars; on the American Stock Exchange under the symbol IOC in US dollars; and on the Australian Stock Exchange in CHESS Depositary Interests in Australian dollars under the symbol IOC which trade on a 10:1 basis to common shares. For more information please see the InterOil website at: www.interoil.com.
Cautionary Statements
This press release contains forward-looking statements. All statements, other than statements of historical facts, included in this release, including without limitation, statements regarding our drilling plans, business strategy, plans and objectives of management for future operations and those statements preceded by, followed by or that otherwise include the words "believe", "expects", "anticipates", "intends", "estimates" or similar expressions or variations on such expressions are forward-looking statements. The Company can give no assurances that such forward-looking statements will prove to be correct. Risks and uncertainties include, but are not limited to, the existence of underground deposits of commercial quantities of oil and gas; fluctuations in prices for oil and gas production; curtailments or delays in development due to mechanical, operating, marketing or other problems; capital expenditures that are either significantly higher or lower than anticipated because the actual cost of identified projects varied from original estimates; and from the number of exploration and development opportunities being greater or fewer than currently anticipated.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or publication under the security laws of any such state. These securities have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
BOSTON, Feb. 22 /PRNewswire/ -- Vacation homeowners now have a passport to free accommodations around the world, thanks to a new service called Swapandstay.com. As the first website dedicated to global holiday home exchanges, Swapandstay.com enables members to fill 'empty weeks' in their properties and liberates them from the limitations of owning a home in one holiday hotspot.
Prior to the official launch on March 1, 2006, Swapandstay.com is offering free membership to the first 1,000 membership applications.
Until now, most holiday home exchange services have focused on residential rather than holiday homes and insist that members swap their properties at the same time. Swapandstay.com overcomes these limitations -- swaps do not have to be simultaneous or on a like- for-like basis enabling members to make as many exchanges as they like.
According to the founder of Swapandstay.com, Lesley Walster, this new service comes at exactly the right time. "There has been an explosion in holiday home ownership, where people are buying vacation homes as an investment, rather than relying on retirement funds and domestic property," she says.
"The main drawback is that these holiday homes sit empty for much of the year, while the owners still end up paying for hotel accommodations if they want to vacation somewhere else. Swapandstay overcomes these hurdles and opens up the possibilities of 'free' accommodation around the world."
The boom in the holiday home market has been fuelled by low interest rates and soaring house prices in the US, as mortgages rate remain at record lows and the ability to unlock equity from their first home has made buying a vacation property in the sun affordable for more people than ever before.
About Swapandstay.com
Swapandstay.com works by signing members up for an annual subscription fee, providing access to thousands of properties around the world. Unlike other exchange services, members are not restricted to like-for-like homes or swapping simultaneously. Listings include equivalent rental rates, enabling members to exchange properties of different values.
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