Vintage Filings, LLC
A PR Newswire Company
Newsletter: July 2007

Note: This email can be viewed in its original form at the following URL:
http://www.hightech-pr.com/vf/2007_07/2007_07.asp

Direct Fed: #1 In Check Flow Management
If you process more than 500 checks a month, fill out the online form (http://www.surveymonkey.com/s.aspx?sm=l2tD4e1MrkrvSD_2b5VVc2KA_3d_3d) and we will send you a free scanner to start you up with your Direct Fed service!

Direct Fed is in the Check Flow Management business and it's products were developed for business to take advantage of new check processing laws and technology. Direct Fed's products positively change company's cashflow, reduce onerous bank fees, and significantly impact backoffice savings and administration.

DirectFed takes the Check 21 laws which were implemented in late 2004 and through their process can improve a company's cash position and savings both on bank fees as well as back office expense. Through the patent pending process, checks are electronically scanned and verified in your back office tonight (integrated into your accounting system), settled in the morning at the Fed through your merchant account, and then on to however many banks you chose.

DirectFed's simple desktop system optimizes bank float (improving cash position), reduces bank fees, and offers dramatic back office depository savings. The company products are especially interesting for organizations who use lockbox to process payments. Because the system is so easy to use and images both payment coupons and checks in a single scan, it integrates the data into the core accounting system and processes checks electronically directly to the Federal Reserve Bank.

This changes the landscape as we know it for lockbox processes. Further, for Non-Profits who need to provide benefactors with receipts that meet the new IRS rules for donation receipts, the Direct Fed system can provide, the check processing and donation receipts from a single scan. This is the only system that we know of that is based on a thick client (desktop) architecture that was designed for the needs of a business - not the bank interests.

Leadership Corner: Welcoming Vintage Filings into the PR Newswire Family of Businesses
by Ira Krawitz
Senior Vice President of IR Services

As many of you know, PR Newswire recently acquired the EDGAR filing company, Vintage Filings. Vintage is a model entrepreneurial success story. Started literally in the basements of its co-founders' (Vintage CEO Shai Stern and President Seth Farbman) houses, in only five years of operations, it has become one of the leading and fastest-growing EDGAR filings companies in the U.S. In 2006, Vintage was number four out of all companies in terms of the number of SEC filings it processed.

To put this in perspective, last year PR Newswire handled approximately 3,200 EDGAR filings. In comparison, Vintage handled over 23,000. Today, several hundred publicly- traded companies use Vintage's services to file their financial information with the SEC.

The addition of Vintage to the PR Newswire family brings us a wealth of talent and experience. It also brings us a valuable client pool, represented by the number of companies who have come to rely on Vintage's services for their EDGAR filings. Most importantly, it will allow us to provide faster and reasonably-priced EDGAR filing services to all of PR Newswire's current and prospective clients.

Conversely, PR Newswire brings a number of advantages to Vintage's clients, including:

more than 50 years of experience distributing financially sensitive news to the public and media
a reputation in both the media and in the regulatory community for integrity and accuracy
a global distribution network and an array of media intelligence tools; and
the trustworthiness of our editorial procedures, which ensure that news is coming only from authorized senders, is properly attributed and is screened for inaccuracies before distribution

By adding Vintage to the PR Newswire community, we are adding 24/7 EDGAR filing services that are accurate, timely, easy to use and cost-effective. Together with Vintage, we will be able to offer clients a one-stop-shop for all of their investor relations, regulatory and public relations needs. Furthermore, we will be better prepared to take advantage of new technologies, like XBRL, which will be transforming the way financial data is distributed in up-coming years.

We also expect the acquisition of Vintage Filings to serve as the beginning of the revitalization of PR Newswire's IR services. In the future, we will be looking at other companies to complement our IR offerings, either through agreements, or, if it makes good business sense, by acquisition. Vintage is the perfect beginning for growing this part of PR Newswire's business. So, please join me in welcoming Vintage Filings into the PR Newswire family of businesses.

About Vintage Filings

Recently acquired by PR Newswire, Vintage Filings has more than five years of experience processing and distributing EDGAR filings for hundreds of publicly-traded companies. With 65 full-time employees working in New York, Los Angeles, and San Francisco, Vintage Filings provides full-service filing capabilities, typesetting and financial printing to public companies, mutual funds, investment management firms, law firms and individuals around the world, assisting them in meeting the EDGAR filing requirements of the SEC.

PR Newswire/Vintage Filings LLC press release: http://www.prnewswire.com/mnr/prnewswire/27531/ Vintage Filings website, including bios for Shai and Seth: http://www.vfilings.com/edgar.asp

Visit Vintage FIlings at these Upcoming Events

NACUBO 2007 Annual Meeting
July 28-31, 2007
Hilton Riverside
New Orleans, LA
http://www.nacuboannualmeeting.org/nacubo2007/public/enter.aspx

Roth NYC Conference
September 5-6, 2007
The Westin New York at Times Square
New York, NY
http://www.rothcp.com/main/page.aspx?PageID=7010

NIRI Investor Relations Summit
September 9-12, 2007
Fairmont Copley Plaza Hotel
Boston, MA
http://www.niri.org/calendar/eventdetail.cfm?EventID=1870&ChapterID=99

Merriman Curhan Ford & Co. Anuual Investor Summit
September 17-18, 2007
Mark Hopkins Hotel
San Francisco, CA
http://www.merrimanco.com/home/conferences/index_summit2007.asp

Maxim Group's Growth Conference
September 20, 2007
Grand Hyatt Hotel
New York, NY
http://www.maximgrp.com/growthconf/pres_info.asp

SMH Capital Third Annual Investor Growth Conference
November 8-9, 2007
New York Palace Hotel
New York, NY
http://www.smhib.com/events.aspx

Introducing: invisibleSHIELD

You wouldn't wear an old ripped tie to a meeting, nor would you wear scuffed up shoes when trying to finalize the Peterson account. So why do you allow your BlackBerry or Treo to get scratched, beat up and ugly. You want your phones and other electronic devices looking as sleek and sexy as the day you bought them. The invisibleSHIELD is the best protection for all your devices.

The invisibleSHIELD doesn't add any bulk to your devices (unlike cases) and offers lasting protection (unlike most screen protectors). Made from a film originally used by the military to protect the edges of helicopter blades, the invisibleSHIELD is durable and virtually scratch-proof.

Other screen protectors don't fit your devices, they need to be cut. On the other hand the invisibleSHIELD is designed and precision cut to fit the exact contours of all your devices. This way your BlackBerry gets maximum protection and you won't have to worry about any unsightly scratches.

With over 1,000 shields made for a variety of devices; ranging from notebook laptops to cell phones to MP3 players, we're sure to have a shield for something you own.

Get 10% off any invisibleSHIELD by requesting a coupon code here (email ronit@vintagedando.com). But act now because this offer is only valid until 7/31/07.

Every invisibleSHIELD comes with a lifetime guarantee. So you won't have to worry about your devices ever being scratched again!

Recently Completed Vintage Deals

Aces Wired, Inc.
AgFeed Industries, Inc.
Apollo Gold Corporation
Aurora Loan Services
Bayview Financial Securities Company, LLC
Bear Stearns
Bionovo, Inc.
Callidus Capital
CampusU, Inc.
Countrywide Home Loans
Dallas Gold & Silver Exchange
Cnergy XXI (Bermuda) Limited
Euroseas LTD
Fortress International Group, Inc.
Foldera, Inc.
Indymac Bank
MMC Energy, Inc.
Novelos Therapeutics, Inc.
Nuevo Financial Center, Inc.
Pokertek, Inc.
State of Israel - Floating Rate Libor Bonds
Stirling Acquisition Corporation

Choose Vintage Filings for your EDGAR Filing Needs
Have you seen the Wall Street Journal article?
"Printing Firms Draw Complaints For Murky Billing"

We believe that their comments on the overall printing industry further support the efficiency of Vintage's business model, with a need for focus on customer service and billing transparency. This has been our practice since inception.

Some quotes from the article and how we at Vintage Filings differentiate ourselves...

"Printers often try to purposely confuse issuers. They yank out precise numbers from the final bills." Vintage Filings itemizes every bill so it can easily be compared to the original quote.

"Printers' bills aren't as transparent as the law firms' or accounting firms'." Vintage Filings provides via e-mail easy to read itemized billing within 24 hours of filing and/or a complete printing job.

"For the purposes of document integrity, efficient work flow, logistics and space issues... pages are not kept." Vintage Filings keeps exact page counts on all SEC filings and financial print jobs. This is included and itemized in each invoice.

Our business practices coupled with our 24/7 dedicated account management and economic pricing has attributed to our explosive growth... Vintage Filings is now the 5th most active filing firm in the nation. The transparency and economics of our billing and pricing can make a huge difference in our clients' bottom line.

Please feel free to forward this and please never hesitate to email or call me anytime. We'd be delighted to work with you.

Shai Z. Stern
Co-Chairman & CEO
(310) 402-2271
sstern@vfilings.com

Seth Farbman
Co-Chairman & President
(212) 730-4302
sfarbman@vfilings.com

Why Choose Vintage D&O Insurance?
Because You Never Know Who Is Out There...

Directors and Officers have legal responsibilities to shareholders, employees, investors and the public.

Vintage D&O Insurance can help limit your exposure.

Have a Vintage professional analyze your current needs and match the benefits of D&O insurance with the risks of supervising a business (http://www.vintagedando.com/contact.htm). At Vintage D&O, we work with you to obtain classic insurance coverage that can be tailored to suit all your company's needs. Our management has extensive experience in servicing public companies. We look forward to providing you guidance in order to bring you significant cost savings and substantive protection to your board of directors.

A perfect example of why Vintage D&O insurance is right for you: Whole Foods Is Hot, Wild Oats a Dud -- So Said 'Rahodeb' Then Again, Yahoo Poster Was a Whole Foods Staffer, The CEO to Be Precise
By DAVID KESMODEL and JOHN R. WILKE
The Wall Street Journal
July 12, 2007

In January 2005, someone using the name "Rahodeb" went online to a Yahoo stock-market forum and posted this opinion: No company would want to buy Wild Oats Markets Inc., a natural-foods grocer, at its price then of about $8 a share.

"Would Whole Foods buy OATS?" Rahodeb asked, using Wild Oats' stock symbol. "Almost surely not at current prices. What would they gain? OATS locations are too small." Rahodeb speculated that Wild Oats eventually would be sold after sliding into bankruptcy or when its stock fell below $5. A month later, Rahodeb wrote that Wild Oats management "clearly doesn't know what it is doing .... OATS has no value and no future."

The comments were typical of banter on Internet message boards for stocks, but the writer's identity was anything but. Rahodeb was an online pseudonym of John Mackey, co-founder and chief executive of Whole Foods Market Inc. Earlier this year, his company agreed to buy Wild Oats for $565 million, or $18.50 a share.

For about eight years until last August, the company confirms, Mr. Mackey posted numerous messages on Yahoo Finance stock forums as Rahodeb. It's an anagram of Deborah, Mr. Mackey's wife's name. Rahodeb cheered Whole Foods' financial results, trumpeted his gains on the stock and bashed Wild Oats. Rahodeb even defended Mr. Mackey's haircut when another user poked fun at a photo in the annual report. "I like Mackey's haircut," Rahodeb said. "I think he looks cute!"

Mr. Mackey's online alter ego came to light in a document made public late Tuesday by the Federal Trade Commission in its lawsuit seeking to block the Wild Oats takeover on antitrust grounds. Submitted under seal when the suit was filed in June, the filing included a quotation from the Yahoo site. An FTC footnote said, "As here, Mr. Mackey often posted to Internet sites pseudonymously, often using the name Rahodeb."

After The Wall Street Journal contacted Whole Foods yesterday, the company said in a statement that among millions of documents it gave the FTC were postings its CEO made from 1999 to 2006 "under an alias to avoid having his comments associated with the Company and to avoid others placing too much emphasis on his remarks." The statement said, "Many of the opinions expressed in these postings now have far less relevance than when they were written." Whole Foods didn't confirm every Rahodeb posting as being from Mr. Mackey.

Bulletin Boards
Mr. Mackey declined to be interviewed. But he soon posted on the company Web site, saying that the FTC was quoting Rahodeb "to embarrass both me and Whole Foods." He also said: "I posted on Yahoo! under a pseudonym because I had fun doing it. Many people post on bulletin boards using pseudonyms." He said that "I never intended any of those postings to be identified with me." Mr. Mackey's post continued: "The views articulated by rahodeb sometimes represent what I actually believed and sometimes they didn't. Sometimes I simply played 'devil's advocate' for the sheer fun of arguing. Anyone who knows me realizes that I frequently do this in person, too."

Like Whole Foods itself, Mr. Mackey, a 53-year-old vegan, is somewhat unconventional. He dropped out of college and worked at a natural-foods store before co-founding Whole Foods in Austin, Texas, in 1980. He and his wife practice yoga and meditation and own a 720-acre ranch west of Austin. He once took a sabbatical to hike the Appalachian Trail.

He built Whole Foods in part by acquiring many smaller chains. In January, he slashed his salary to $1, saying, "this is what my heart is telling me is the appropriate thing to do right now."

Whole Foods agreed this February to acquire Wild Oats, of Boulder, Colo. The FTC sued in federal court in Washington to block the deal, saying it would reduce competition. The agency is trying to use Mr. Mackey's own words against him. Its suit quotes the CEO as telling other board members the takeover would enable Whole Foods "to avoid nasty price wars" and reduce the risk that a big conventional grocer would create a competitor to Whole Foods.

When that part of the suit became public, Mr. Mackey fired back with a 14,000-word treatise on his blog on the Whole Foods Web site. He accused the government of "bullying tactics," failing to do its homework and taking out of context "macho posturing" by executives that's common.

Rahodeb had begun posting on Yahoo Finance in the late 1990s, and quickly became known as a cheerleader for Whole Foods stock. "I admit to my bias," he wrote in 2000. "I love the company and I'm in for the long haul. I shop at Whole Foods. I own a great deal of its stock. I'm aligned with the mission and values of the company ... Is there something wrong with this?"

Rahodeb expressed pride in the CEO's work. "While I'm not a 'Mackey groupie,'" he wrote in 2000, "I do admire what the man has accomplished."

By 2005, Whole Foods' $4 billion in annual sales made it the leading player in natural and organic foods. In January of that year, with the stock at a split-adjusted price of about $47, Rahodeb predicted great things: "13 years from now Whole Foods will be a $800+ stock before splits." The stock closed yesterday at $39.50.

For an executive to use a pseudonym to praise his company and stock "isn't per se unlawful, but it's dicey," said Harvey Pitt, a former Securities and Exchange Commission chairman. Told of the Mackey posts, Mr. Pitt said, "It's clear that he is trying to influence people's views and the stock price, and if anything is inaccurate or selectively disclosed he would indeed be violating the law." He added that "at a minimum, it's bizarre and ill-advised, even if it isn't illegal." A spokeswoman for Whole Foods said Mr. Mackey only revealed information about Whole Foods that already was public knowledge. His comments "weren't illegal" and weren't "against company policy," she said.

Rahodeb sometimes sparred with other users. "Your quarterly cash flow variance isn't statistically meaningful because the time period is too short," he told a user who criticized Whole Foods in March 2006. Rahodeb then pasted a summary of the previous six years of the company's operating cash flow, saying that over five years it "has increased 330%."

When it came to rival Wild Oats, Rahodeb didn't pull punches. He often criticized Perry Odak, who resigned as Wild Oats CEO last year. "While Odak was trying to figure out the business and conducting expensive 'research studies,' to help him figure things out, Whole Foods was signing and opening large stores in OATS territories," Rahodeb wrote in 2005. "Odak drove off most of the long-term OATS natural foods managers." Reached yesterday, Mr. Odak said he had no idea Mr. Mackey was behind the postings, but "it doesn't surprise me."

Keeping Abreast
Sometimes when Rahodeb went without posting for several weeks, other users expressed concern. Once, Rahodeb reassured them he was keeping abreast of the chat.

Last August, Rahodeb filed his last post on the Yahoo message board. He said he had lost a bet with "hubris12000" about Whole Foods' stock performance, and the bet's terms required that he quit posting. He blamed the whims of the stock market for a 40% decline in the company's shares.

"Whole Foods itself has a very bright future, and I will continue to hold my stock for a very long time," he wrote. "I've enjoyed my eight years on this Board, but all things must come to an end. I wish everyone the very best. Hog152 -- keep the faith. Liberfar -- good luck with your market-timing game. Hubris12000 -- take your profits while you can."