Komatsu America Corp. Introduces the WA1200-6 Wheel Loader

Fisher Capital News Update: Keep updated on recent events, press releases and latest machineries to avoid scam.

FISHER CAPITAL CONSTRUCTION MANAGEMENT - Construction Machineries, Suppliers Directory and Others. Meets EPA Tier 2 Emissions Regulation With More Horse Power, Reliability, Durability, Lower Fuel Consumption, Increased Productivity, Enhanced Operator Cab and Easier Maintenance, 1892 Gross HP (SAE J1995), 1765 Net HP (SAE J1349) @ 1800 rpm, Engine RPM control system with auto deceleration New variable transmission cut-off system, New dual-mode active working hydraulic system, Additional torque converter cooler, Increased hydraulic cooling capacity, Extended service intervals

Rolling Meadows, IL, September 8, 2010 — Komatsu America Corp. (KAC) today introduced its new WA1200-6 Wheel Loader for use in mining applications. Based on extensive customer input and feedback, the new loader includes environmental, technological and ergonomic enhancements for even greater productivity, while lowering operating costs.

The new WA1200-6 is powered by a highly-efficient Komatsu SAADA16V160E-2 engine that delivers 1892 Gross HP at 1800 RPM. With an operating weight of 477,100 lbs., the new loader offers increased fuel efficiency, while meeting all EPA Tier 2 emissions requirements.

Special features of the WA1200-6 include:

Productivity Performance

The engine net output of the WA1200-6 has been increased by 132 HP to 1765 HP at 1800 RPM. The use of an electronic governor results in low fuel consumption, with quick throttle response to match the machine’s powerful tractive effort and fast hydraulic response.

The new dual-mode active working hydraulic system allows the operator to select between normal and powerful loading, while the optimum oil flow in the working system increases efficiency and reduces cycle times. Increased engine output and the optimized hydraulic system provide outstanding production and performance.

Operator Enhancements

The engine RPM control system with auto deceleration allows the operator to set the engine RPM at the optimum work performance level and control speed smoothly with the accelerator. The variable transmission cut-off system for the left brake pedal is adjustable by a switch at the operator’s seat. When loading, the low setting reduces brake impact to prevent spillage, while the high setting can be used for traveling.

Improved Reliability and Durability

An additional torque converter cooler was added as standard equipment to reduce oil temperature and increase cooling capacity. For hydraulic cooling, a new pump with increased oil capacity was added and the circulation was revised to lower oil temperature. Two additional air cleaners were added and the size of the elements increased to 15 inches for more capacity.

Komatsu America Partners with Pedregon Racing, Two-time NHRA Funny Car world champion Tony Pedregon’s Chevrolet Funny Car will feature primary sponsorship from Komatsu America Corp. for the O’Reilly Auto Parts NHRA Nationals, Sept. 17-19, at Charlotte, NC.

“Komatsu America is excited to be sponsoring Tony Pedregon’s car,” said Erik Wilde, Vice President, Product Marketing, Komatsu America Corp. “Tony’s reputation as a world champion aligns well with Komatsu’s world-wide reputation for producing outstanding equipment.”

Komatsu will also be an associate sponsor on the Pedregon Racing Funny Car and on Cruz Pedregon’s Snap-on Racing Tools Funny Car, with races slated for Sept. 23-26 at Dallas, TX, Oct. 7-10 at Reading, PA, Oct. 28-31 at Las Vegas, NV, and Nov. 11-14 at Pomona, CA.

“Komatsu is an international leader in the field of construction and mining equipment,” said Pedregon during the announcement. “We are pleased to promote awareness of the brand to our race fans as well as the Komatsu dealers and their customers.”

Tony Pedregon is one of 10 Funny Car drivers competing for final positions in NHRA’s Countdown to 1 playoffs. This weekend’s event is the second of six title-deciding races.

Komatsu America Corp. is a U.S. subsidiary of Komatsu Ltd. which is the world’s second largest manufacturer and supplier of construction, mining and compact construction equipment. Komatsu America also serves forklift and forestry markets. Through its distributor network, Komatsu offers a state-of-the-art parts and service program to support the equipment. Komatsu has proudly been providing high-quality reliable products for nearly a century. Visit the website at www.komatsuamerica.com for more information.

Market Overview December 2009: Fisher Capital Management

Market Overview December 2009: Fisher Capital Management - Stocks closed lower in October for the first time in seven months, as investors questioned whether the huge rally off the March lows had exceeded the economy’s ability to generate growth in output and profits.

Indeed, equities capped off a volatile month (the Dow Jones Industrial Average (DJIA) experienced triple-digit moves in ten trading sessions!) with a volatile week, as the S&P 500 Index experienced its worst five-day span since early July.

For the month, the DJIA eked out a fractional gain, while all the other major equity market indices suffered losses. Small cap stocks, which had been among the performance leaders of the seven-month rally, experienced the worst hit, with the Russell 2000® Index falling by almost 7%. In another sign that the market may be growing skeptical of the “higher risk, higher reward” strategy, the NASDAQ Composite Index, dominated by technology holdings, declined 3.6% for the month.

Market Overview December 2009: Fisher Capital Management - Yet perhaps emblematic of the struggles experienced in the markets recently, growth stocks outperformed value in October, contradicting the idea that the pursuit of “risk” had become out of favor over the past several weeks. Moreover, the weakness in U.S. markets failed to extend beyond our borders last month, as developed markets (MSCI EAFE) experienced just a fractional loss, while the emerging markets (MSCI EM) managed to rise by up to 1%, adding to their impressive year-to-date (YTD) returns.

From a sector perspective, two of the three leading performers off the March lows (financials and materials) declined by the largest amounts in October, as investors appeared to lock in gains of approximately 150% for the financials sector and 75% for the materials sector. Despite the weakness in the technologyladen NASDAQ Composite last month, the higher-quality and larger-cap tech names comprising the S&P 500 Index’s information technology sector simply dropped fractionally. Rising oil prices pushed the energy sector higher by 3%, and the “defensive trade” was still evident within the consumer staples sector, which held on for a 1% gain.

Market Overview December 2009: Fisher Capital Management - In other asset classes, fixed-income was mixed last month. The yield on the 10-year Treasury note backed up by seven basis points, as traders likely moved funds elsewhere as the Federal Reserve concluded its $300 billion Treasury purchase program. The dollar continued to weaken, hovering near 14-month lows, which helped drive up the prices for oil, gold, and most commodities.

Fisher Capital Management Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world. As a full service company Fisher Capital Management Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.

The Boiler Room: GOLD CORPORATE MARKETING PARTNER Unilux Advanced Manufacturing

Unilux is the world’s original 5 pass forced draft bent tube boiler wit no room for inaccuracy. With over thirty years of manufacturing and operational experience in just about every industry requiring boilers, Unilux stands alone as the most pristine, highly engineered, ultimate quality boiler in it’s class. While the product speaks volumes, our success is our people; many with over 25 years at Unilux, we take enormous pride in every unit we manufacture. From immediate response to inquiries, performance data, drawings, product description and assistance with proper selection, everyone at Unilux has one important goal in mind…customer satisfaction. Unilux QA/QC boasts a stringent, internal program that emphasizes employee responsibility to safety, product and quality performance.

Richard Fisher of The Boiler Room: Unilux Advanced Manufacturing - Construction for all Unilux boilers starts with the vessel. All vessel material is controlled, ASME compliant material. Generous upper and lower drums are joined with large, external downcomer(s) allowing for maximum internal circulation. Tubes are a minimum 1.5” diameter, SA 178 Grade “A” material. Tube sizes up to 2.5” diameter are used for larger boilers. The Unilux housing is the most rigid available. Individual steel panels are manufactured with 11 gauge steel and reinforced by bending and welded stiffeners throughout. Refractory design is exclusive to Unilux. We utilize a three tier pour of different tolerance refractory for ultimate performance. All Unilux refractory is warranted for 5 years as standard. Finished insulated jacket panels are scratch resistant, polyester impregnated powder coat. Thermal losses from housing and jacket are 0.5 percent. The completed enclosure allows for up to +5” water column gas side pressure. All Unilux boilers are available with fuel burning equipment and control systems as desired.

Safety is paramount at Unilux. Every Unilux boiler has been engineered to be the safest, most efficient product available in its class.

At Unilux Boiler Corp., we engineer and manufacture bent water tube boilers of only the finest quality, built by experienced craftsmen and backed by a service history that is second to none. When others decline custom engineered projects, Unilux embraces the challenge with experienced, thought provoking ideas and the ability to assist engineers, contractors and end users with the most efficient, long lasting solutions to effectively meet their needs.

U.S. Equities: Fisher Capital Management Reports

As mentioned previously, stocks finished a volatile month in October with a volatile final week of trading, as investors began to question whether the market¹s impressive rally had surpassed the economy¹s ability to generate growth in output and profits.

To be sure, throughout the market’s impressive rebound, the technical picture for stocks gathered steam, as excess liquidity helped drive the market higher.

Fisher Capital Management, US Equities Reports: As one technical achievement passed another, we began to postulate that the market’s technicals appeared significantly better than its fundamentals.

Some of these concerns may be coming to fruition over the near term, as a few technical strengths appear to have softened in recent weeks. Indeed, as the S&P 500 Index approached the 1,100 level during the middle of October, the market ran into strong resistance, falling by approximately 5% from that high by month-end.

Fisher Capital Management, US Equities Reports: This may prove to be an important development because at 1,100, the S&P 500 was within about 20 points of achieving a 50% retracement, whereby the market could have recouped 50% of the loss from the October 2007 high of 1565 to the March 2009 low of 666. Given all the cash parked in money markets and shortterm Treasury bills, another surge or two above 1,100 is certainly possible. Yet 1,121 is a number that should be on the radar for all investors, because if it is achieved, very little technical resistance exists on the path to 1200.

In addition to the strong resistance, stocks failed to hold a key support level on the last day of October. The market’s 50-day moving average (DMA) was 1,052 heading into Halloween weekend, but investors were spooked by poor readings on personal spending and consumer confidence, resulting in a close (1,036) below the important 50- DMA level. An important test will be in the first several trading days of November to see whether or not the market can sustain its rally above this key support level.

Fisher Capital Management, US Equities Reports: This weakness was exacerbated by a surge in the market’s “fear gauge” toward the end of October. The Chicago Board Options Exchange Volatility Index, or VIX, which measures the cost of using options as insurance against declines in the S&P 500 Index, surged in the final few days of trading last month.

While the VIX had been at a 14-month low in the middle of October, the 25% jump at the end of the month suggests investor skittishness about market direction over the next several weeks, particularly as the catalyst of earnings season draws to a close.

Fisher Capital Management, US Equities Reports: Fortunately, the fundamental picture has brightened. Better than expected economic data suggests the possibilities for an improvement in corporate performance. Interest rates and inflation remain low, providing a healthy backdrop for corporations that have been very aggressive cutting costs from their expense structures.

Indeed, recent earnings news has been somewhat positive, with 70% of the companies in the S&P 500 Index having reported an average decline in earnings per share (EPS) of 12% for the

third quarter, exceeding expectations.

Fisher Capital Management, US Equities Reports: Given our projections for a “less spectacular” economic recovery in 2010, though, we continue to believe that consensus estimates for corporate profit growth of up to 35% next year are too high. Consequently, our operating EPS projections remain more than 12% below consensus expectations ($75.00) for 2010.

Businesses can’t cut costs forever, and at some point we believe revenue growth is a necessity to help justify valuations for a market that is already trading at a price/earnings (P/E) ratio of 16 to 17 times our $65.00 estimate for next year. Until we begin to see an improvement in the longer-term trends for housing, employment, credit, sales, and profits, we suspect the market will be unwilling to pay anything more than historically average P/E multiples (16 to 17 times) for a dollar of earnings. Therefore, we continue to believe the market, as defined by the S&P 500 Index, will likely be fairly valued within the current range of 1,050 to 1,100 over the next six months.

Fisher Capital Management, Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world. As a full service company Fisher Capital Management, Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.

LBX and Sumitomo Sumitomo (S.H.I.) Construction Co., Ltd. Acquires

Fisher Capital News Update: Keep updated on recent events, press releases and latest machineries to avoid scam.

FISHER CAPITAL CONSTRUCTION MANAGEMENT - Construction Machineries, Suppliers Directory and Others --100% Ownership of LBX Company.

Sumitomo (S.H.I.) Construction Machinery Co., Ltd. (SCM), a leading manufacturer of hydraulic crawler excavators headquartered in Tokyo, Japan, announced today that effective as of April 30, 2010 it has acquired full ownership of LBX Company (LBX) headquartered in Lexington, KY.

LBX was originally formed as part of a global alliance between SCM and Case Corporation, and holds the manufacturing rights to SCM's excavator products in North and Latin America. LBX has been marketing and selling Sumitomo excavators, forestry, material handling and demolition products under the Link-Belt excavator brand name since the company's formation.

"This acquisition underscores SCM's dedication to LBX and the Link-Belt® excavator brand, and will contribute greatly to our success and expansion throughout North, South and Central America," stated Robert Harvell, CEO of LBX Company. "Over the years, our long-term relationship with SCM has been built on a solid foundation of providing superior product quality, innovative designs, and dedicated commitment to our dealer network and customers."

"We believe that this acquisition will allow both LBX and SCM to achieve our common long-term global growth strategies," said Kensuke Shimizu, President of Sumitomo Construction Machinery.

Since its formation, LBX has passed several growth milestones, including the creation of a corporate campus in Lexington, KY that includes a world-wide parts distribution center, product testing grounds, training facilities and testing and service bays. Additionally, the Link-Belt® excavator products have evolved to meet the needs of today's marketplace, including the introduction of new models such as the Link-Belt® 360 X2 Rubber Tire material handling excavator, which was unveiled at the ISRI Convention last week in San Diego, CA.

"We look forward to working very closely with SCM in the development of future products and our dealer network to further expand our position in the marketplace," Harvell said.

The management team of LBX will remain in place.

HeatSponge SIDEKICK Warning, Finally Revealed: Boiler Room Equipment, Inc

Fisher Capital on Boiler Room Equipment, Inc, is very proud to finally unveil the SIDEKICK line of condensing boiler economizers for commercial and industrial hot water boilers. The Sidekick has been in development for nearly two years and represents an evolutionary development of high-efficiency installations in the boiler industry. The SIDEKICK is a warning game changer the likes of which have not been experienced since the introduction of the first condensing boilers. The SIDEKICK offers the ability to integrate condensing boiler efficiencies to conventional boilers on a new or retrofit basis. The SIDEKICK allows a customer with a conventional boiler system the ability to realize condensing efficiency gains that otherwise would require the existing boiler to be demolished and replaced with a new condensing boiler. Conventional, non-condensing boilers can now realize the efficiency benefits of outdoor air temperature reset controls and lower circulating hot water loop temperatures. Sidekicks also allow for duel fuel condensing applications utilizing conventional boilers. The SIDEKICK features all stainless internal construction, stainless tubes and fins, and an insulated outer casing. Inspection and clean out ports make periodic maintenance and cleaning easy.
The efficiency of the SIDEKICK goes far beyond simply energy recovery to the ultra-productive process in which it is selected and designed. Heat recovery for condensing applications introduces a significant number of variables that makes a catalog-approach to equipment selection nearly impossible. Boilerroom Equipment has developed a new method of quantifying heat recovery, the Recovery Rate, and integrated this into the design. The incorporation of the Recovery Rate variable allows a customer to custom tailor the level of heat recovery and cost directly to the requirements of each specific application. We define this new concept in heat recovery design as 3D Modularity, for modular construction in three dimensions. Based on a "Mass-Customization" approach to product development, Bruce will consider all of the application design constraints and will design a SIDEKICK optimized to meet the exact performance requirements at the most competitive price. Bruce has been given the ability to consider all aspects of the heat exchanger design relative to the price of the equipment and generate a fully priced proposal all in real-time; a software and engineering accomplishment that added over one thousand hours of coding and heat transfer modification to Bruce's core program. This means Bruce can handle all inquiries and generate proposals in real time by himself. The near elimination of sales and support overhead and significantly reduced project execution overhead requirements the Bruce software provides allows us to offer a product superior to any before it at pricing and responsiveness levels no conventional competitor could hope to match.
Bruce will go on-line live on Monday December 21st with full public access to the Sidekick software. BEI will display the SIDEKICK in public at the upcoming AHR Exposition in Orlando, booth 3126. We will also have other HeatSponge models on display and based on the popularity in Chicago last year will bring the HeatSponge NASCAR Late Model stock car back for another display appearance.

New Options in Guided Boring, Fisher Capital Equipment Management Update

The Akkerman team, continually committed to increasing the

versatility of our products, recently launched several new

components for our GBM line of equipment.

Fisher Capital Equipment leasing news update from different  suppliers. Fisher Capital Equipment Management leasing gives you fresh events and updates on Construction Machineries, Suppliers Directory and Others to keep away from scam from Unsolicited, "Pre-Qualified credit line" mass mailings

The Powered Reaming Head (PRH) upsizing kit for its Guided

Boring Machine (GBM) system was released. This GBM accessory

allows owners to bore multiple pipe diameters with just one

set of 11” OD (279 mm) thrust casings and augers. The base

14” (356 mm) OD PRH unit features 16” (406 mm) and 20” (508

mm) OD increaser kits and corresponding pipe adapter rings to

accommodate up to 20” (508 mm) OD pipe. All PRH components

rest on a customized rack for ease of transport and orderliness

on the job site. The PRH front and rear sections can be launched

separately to accommodate minimal diameter shafts. The PRH

kit performs well with all Akkerman power packs and jacking

frames.

The P150Q Power Pack provides hydraulic power to the GBM

jacking frame and Powered Cutter Head for smooth and efficient

operation. The P150Q houses a 154 HP (115 kw) diesel engine.

Its three load-sensing variable displacement axial piston pumps

independently operate the jacking, rotation and PCH. It also

features a 100 gal (378 L) fuel tank and 50 gal (189 L) hydraulic

oil reservoir.

The Jetting and Lubrication pump underwent a design

reconfiguration for enhanced compactness. It features

independent hydrostatic flow connections, bulkhead

connections for pressure and return lines and an easily

serviceable open/close valve on the tank outlet. Customers may choose the 3,000 rpm, 30 HP (7 kW)

diesel engine or 1,750 rpm, 30 HP (7 kW) electric motor. Each 325 gal (1,230 L) tank is positioned sideby-

side on a pallet-like base. The 2,500 psi (17,237 kPa) high-pressure jetting pump assists the GBM

system’s excavation process by lubricating cutter bits and spoils. An in-line suction filter protects the

pump from contaminants in the water. The 150 maximum psi (1,034 kPa) lubrication pump flows at 4

gpm (15 L/min) and features an agitator which mixes the lubrication quickly and keeps it consistent

throughout production.

For more information on these and other GBM products, please contact our friendly sales staff or an

international representative.

Akkerman Inc. is positioned for sales in new markets with recently established representation

in the Middle East, India, Russia and Singapore. Agreements with Trenchers Land Digging

& Filling LLC, based in the United Arab Emirates, Asia Contech Ltd. of India, Intertorg Russia and

ICE Far East in Singapore pioneer exciting prospects for Akkerman Inc. worldwide.

Trenchers Land Digging & Filling LLC of Dubai recently facilitated the sale of a complete Guided

Boring Machine (GBM) system for a Kuwait contractor. This sale denotes the first GBM system

sold in the Middle East as well as the most powerful pilot tube microtunneling configuration

available. The 4812A jacking frame with 200 tons of thrust, 275T power pack, Powered Cutter

Head and Jetting and Lubrication pump will install DN 300-1,000 mm pipes for drives up to

150 m long.

Asia Contech Ltd. of New Delhi, providing sales and service of Akkerman equipment in India,

also represents trenchless companies American Augers, ASTEC and Trencor. ICE Far East

of Singapore, a south east Asia office for International Construction Equipment (ICE) will

represent Akkerman in this region. Intertorg of Moscow, a US based company with expertise

in the Russian trenchless market, has been a longtime dealer for Ditch Witch and previously

represented Lovat, Soltau and MTS equipment.

Akkerman welcomes these organizations into its community of sales representatives. Tunnel

Engineering Services in the United Kingdom, Ditch Witch of Australia, Virtual Engineering of

Columbia and the Alinea Group of Mexico have been agents of Akkerman for many years.

Additional representatives have been appointed in Egypt, Turkey, Bulgaria, Poland, Brazil, Italy

and Pakistan. For a full listing of equipment representatives, please review the “Contact Us”

page on the Akkerman website.

Triad Boiler Room Systems Launched New Commercial Boilers

Fisher Capital on Boiler Room Equipment, Inc: Triad Boiler Systems manufactures uniquely rugged small-footprint hot water boilers, steam boilers, and radiant heating systems. All our boilers use 12 gauge firetubes in compact vessels that fit through very small doorways! Inputs range up to 2,000,000 BTU's. Create a highly efficient system with millions of BTU's by sequencing a string of these modular vessels.
TRIAD's commercial boilers and industrial grade Hot Water Heating, Domestic Hot Water, and Steam boilers are used in a wide variety of applications. Our commercial boilers are used at schools, universities, apartments, hospitals, office buildings, retirement communities, and churches. Industrial uses have included bakeries, smelting operations, food processing, quenching systems, and various heating applications for manufacturing. Triads’ modular boilers and radiant heating systems can be natural gas fired, oil fired, or dual fuel fired. For simplicity of operation and maintenance, all controls on our boilers are well known, off-the-shelf products. There area no proprietary parts on these boilers! This simplicity of operation is part of our philosophy, and an important reason why our customers return to us again and again.

TRIAD has been manufacturing high-quality boilers since 1926, and developed the modular boiler concept with primary/secondary piping, receiving a patent for it in 1967. We put this experience, knowledge, and expertise into every boiler.

We believe in quality - it is the overriding characteristic driving our company. This is why we manufacture extremely rugged, well-designed hot water and steam boilers that can provide decades of dependable service. We welcome your inquiries.

Benefits of Modularity
TRIAD's elegantly simple design maintains consistent water volume where heat is required.

• Boilers are activated sequentially, drawing water from the main loop into the next hot water boiler until the heating need is meet.
• firing boilers remaining isolated, so no heated water circulates through cold boilers.
• During most of the year the unfired boilers provide additional backup.
• Outdoor temperatures and loop water temperatures are constantly monitored.

Fisher Capital on Boiler Room Equipment, Inc: The efficiency of this design is most apparent during warmer months, when a conventional hydronic heating or steam boiler could still be operating at full capacity.

Primary-Secondary Piping
TRIAD integrates modularity with a single pipe primary-secondary system. TRIAD was the first company to employ a Primary-Secondary concept. It operates with two loops, (i) the primary loop, or building main loop, and (ii) smaller secondary loops off of each hot water boiler, which supply heated water to the primary loop.

Upon a call for heat, the boiler pump begins pushing the return water into the boiler and out through the secondary loop, supplying this hot water up into the primary loop (the main header), where it mixes with the cooler return water from the main loop of the building.

• Supply and return water are blended, avoiding the need for expensive and unreliable mixing valves commonly used in two pipe systems.
• The secondary loop isolates each hot water boiler, resulting in a very efficient system that minimizes thermal shock.

Control Panel
TRIAD Boilers can be sequenced by the use of our control panel that provides many attractive features:

• Temperature set-back when less heat is required, such as nights and weekends.
• Adjustments for latent heat, to take advantage of hot boiler water that retains heat after the burner shuts down.
• Outdoor reset based on atmospheric temperatures.
• Monitoring of return water temperatures to maintain accurate heating output.

It is also very easy to sequence our boilers using the panel of any other major manufacturer.

Packaged Product
Fisher Capital on Boiler Room Equipment, Inc: All TRIAD hot water boilers and steam boilers are fully assembled, packaged products, which offer several advantages over boilers that must be assembled at the jobsite

• Onsite labor costs are minimized.
• Quality control is higher at the factory than at the jobsite
• The ease of installation of a packaged boiler allows for quicker start up.

Benefits of Steel Boilers

Easy to Clean
To maintain boiler efficiency, heating surfaces must be kept clean and free of combustion by-products. All TRIAD heating surfaces, especially the firetubes, are easy to access. It is impossible to clean all the heating surfaces of a cast iron boiler, and what can be reached is difficult to clean.

TRIAD also makes it easy to maintain clean water surfaces. The cleaning of the interior of a cast iron boiler is a major undertaking, and even then only the vertical surfaces can be cleaned. The inability to clean the horizontal surfaces can have a significant impact on operating efficiency.

Easy to Repair
Because of their steel construction, TRIAD hot water and steam boilers can be repaired in the field with minimal disruption. A leak can be permanently welded or the tubes re-rolled with little difficulty. It is impossible to permanently weld a cracked cast iron boiler section or a leaking copper fin-tube boiler. The firetubes are easily accessed through the top and through the firedoor.

Fast Water Circulation
Poor circulation of water within the typical cast iron boiler is very common due to their design limits, while TRIAD's steel hot water boilers provide for faster circulation.

Fisher Capital Management: Market Performance

Market Performance: Fisher Capital Management - Stocks closed lower in October for the first time in seven months, as investors questioned whether the huge rally off the March lows had exceeded the economy’s ability to generate growth in output and profits.

Indeed, equities capped off a volatile month (the Dow Jones

Industrial Average (DJIA) experienced triple-digit moves in ten

trading sessions!) with a volatile week, as the S&P 500 Index

experienced its worst five-day span since early July.

For the month, the DJIA eked out a fractional gain, while all the

other major equity market indices suffered losses. Small cap

stocks, which had been among the performance leaders of the

seven-month rally, experienced the worst hit, with the Russell

2000® Index falling by almost 7%. In another sign that the

market may be growing skeptical of the “higher risk, higher

reward” strategy, the NASDAQ Composite Index, dominated by

technology holdings, declined 3.6% for the month.

Market Performance: Fisher Capital Management - Yet perhaps emblematic of the struggles experienced in the

markets recently, growth stocks outperformed value in October,

contradicting the idea that the pursuit of “risk” had become out

of favor over the past several weeks. Moreover, the weakness in

U.S. markets failed to extend beyond our borders last month, as

developed markets (MSCI EAFE) experienced just a fractional

loss, while the emerging markets (MSCI EM) managed to rise

by up to 1%, adding to their impressive year-to-date (YTD)

returns.

From a sector perspective, two of the three leading performers

off the March lows (financials and materials) declined by the

largest amounts in October, as investors appeared to lock in

gains of approximately 150% for the financials sector and 75%

for the materials sector. Despite the weakness in the technologyladen

NASDAQ Composite last month, the higher-quality and

larger-cap tech names comprising the S&P 500 Index’s

information technology sector simply dropped fractionally. Rising

oil prices pushed the energy sector higher by 3%, and the

“defensive trade” was still evident within the consumer staples

sector, which held on for a 1% gain.

Market Performance: Fisher Capital Management - In other asset classes, fixed-income was mixed last month. The

yield on the 10-year Treasury note backed up by seven basis

points, as traders likely moved funds elsewhere as the Federal

Reserve concluded its $300 billion Treasury purchase program.

The dollar continued to weaken, hovering near 14-month lows,

which helped drive up the prices for oil, gold, and most

commodities.

Fisher Capital Management, Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world.

As a full service company Fisher Capital Management, Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.

Major Equity Markets 2010: Fisher Capital Management Part 2

The euro-zone economy improved much faster than expected in thesecond quarter of the year. Growth is estimated to have been around the 1% level, the fastest quarterly level for three years; and this has eased the fears about a move into a “double-dip” recession, at least for the moment. But it is a two-speed recovery, with the German economy estimated to have grown by 2.2% during the quarter, the Netherlands economy by 0.9%, and the French economy by 0.6%, but with Spain and Portugal basically unchanged and the Greek economy falling further into recession. With domestic demand weak, it is therefore essential that overseas demand remains buoyant if German exports are going to continue to drive the overall economy forward; but this is now very uncertain, and so growth projections for the rest of this year and for 2011 are still fairly cautious.

However the European Central Bank is maintaining its optimistic view of prospects. Speaking before the latest figures were announced, the chairman, Jean Claude Trichet, argued that the second quarter outturn would be better than expected, that there would also be an encouraging result in the third quarter, and that there was no prospect of a move into a “double-dip” recession.

He also defended the bank’s actions during the recession, suggested that the economy has responded well to those actions, and was anxious to ensure that “perhaps part of the credit could come to the central bank”.

There is an obvious risk that his comments will prove to be premature. Since the latest downgrade in Ireland’s credit rating has provided further evidence that the problems in the European banking system are far from resolved, and that the threat of sovereign debt defaults remains. It is not surprising therefore that markets have been unable to resist the downwards pressure despite the relatively good corporate results from European companies.

The UK market has also fallen sharply over the past month. The UK economy is currently performing better than expected, with consumer spending holding up well so far; and the markets are continuing to give the latest measures by the new UK government to reduce the fiscal deficit the benefit of the doubt. But there are fears that those austerity measures with have a significant effect on growth in the second half of the year, and into 2011, and that corporate activity will be badly affected. The mood amongst investors has therefore become much more cautious.

The latest news on the UK economy has been encouraging. The Office of National Statistics has recently estimated that retail sales volumes were 1.1% higher in July than in the previous month, and 1.3% higher than in July last year, the strongest monthly gain since February; unemployment remains much lower than might have been expected; the latest Purchasing Manager’s index for July confirms that manufacturing activity is continuing to expand; and exports also appear to strong.

There are weaknesses in the housing sector, and apparently some loss of momentum in the services sector, and bank lending remains low; but overall there are hopes that growth in the current quarter will be at reasonable levels. But there are already indications that the austerity measures announced by the government are beginning to have an effect on activity, and so the situation remains very uncertain.

This uncertainty is reflected in the minutes of the latest meeting of the Monetary Policy Committee of the Bank of England. They state that the economy is “on a knife-edge”, with “substantial risks” of a relapse balanced against signs of “gathering momentum” in the recovery. This uncertainty persuaded the majority of the members of the committee that policy should remain unchanged for the present; but the minutes indicated that “the risks were substantial, and that members stood ready to respond in either direction as the balance of risks evolved”. The subsequent Inflation Report from the bank was also a cautious document, with growth forecasts revised lower, primarily because of the expected effects of the austerity measures, and with the governor of the bank, Mervyn King, stressing the need for “continuing monetary stimulus” in the face of the “choppy recovery”. Interest rates are therefore likely to remain low for some considerable time, despite the fact that the inflation rate is well above the bank’s target rate, and so monetary policy will continue to be supportive. But will this be enough to justify the present market level? Global growing is slowing, and this will add to the downward pressures on the economy resulting from the austerity measures as they are introduced. The odds therefore seem to favour further UK market weakness in the near-term, even though we believe that the economic recovery will continue, and eventually lead to higher equity prices.

The Japanese market has also moved lower over the past month. Recent figures have shown that economic growth in Japan slowed very sharply in the second quarter of the year because of weak domestic demand and falling exports; and as a result China has replaced Japan as the world’s second largest economy for the first time. Growth is estimated to have been at a 0.4% annualised rate in the second quarter, after a 4.4% rate in the first three months of the year, and this has increased the fears that the country may once again be slipping back into recession. The dependence on exports has been an important adverse factor, as overseas markets have weakened, and this has encouraged speculation that the Bank of Japan will be forced to intervene in the currency markets to prevent further appreciation of the yen; but even this might not be enough to avoid a recession. In this situation, it is particularly unfortunate that an impasse exists at the political level that is making it extremely difficult for the government to take effective action. The background situation therefore remains very disappointing, and the weakness in the equity market looks set to continue.

Fisher Capital Management Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world. As a full service company Fisher Capital Management Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.

Lease Scams

Fisher Capital News Update: Keep updated on recent events, press releases and latest machineries to avoid scam.

FISHER CAPITAL CONSTRUCTION MANAGEMENT - Construction Machineries, Suppliers Directory and Others.

Let's be direct. Unsolicited, "Pre-Qualified credit line" mass mailings are unethical at best.  You know the pitch: "Because of your excellent Dun & Bradstreet rating your company has been selected to receive a $75,000 leasing line of credit!  Just call your customer Service Rep to activate your line".

When you call you are congratulated and then faxed a "membership confirmation form."  You are told to start selecting equipment from vendors of your choice, arrange for delivery and let the vendor know that you are pre-approved by the leasing company.

What are the problems here?  In no certain order, the problems are:

Your company is NOT pre-approved.  The "membership confirmation" is nothing but a credit application.

The rate or payment per month can (and often does) change because of something on your credit report even though you were pre-qualified.

There is now an extortive effect: the equipment is about to be delivered, and you must go along with the high price (or other unpleasant terms), or have to admit to the vendor that your being "pre-approved" was not accurate -- there's a question about your credit.

There are many scams and unfair practices that are all too common in the finance industry (See "What to Watch For," below.).  The mailing list "Pre-Approver" has given you a signal that he is prone to dishonesty.  Be Aware.

We recently received a call from an entrepeneur who has been trying to clean up his credit report.  This fellow has paid off all but $20,000 of a quarter million in delinquencies, charge-offs, and judgements, in spite of his attorney's telling him to just go bankrupt.  I like this guy.  He chose to do the right thing.  But he is not ready to be approved at anything like a reasonable rate.  What's the damage?  Not only did the "Pre-approver" unrealistically raise his hopes and then humiliate him to the three vendors from whom he wanted to acquire equipment, they also "shot-gunned" his application to other leasing companies (apparently trying to broker the deal).  This actually created unnecessary "inquiries" on his credit report, making it worse than it would have been.  

What to Watch For? What can be misrepresented?  The list is long, but here is the simple key to most problems: Verbal assurances are meaningless if they are not written into your lease.  Or, as one industry wit says, "If it's not in the contract, it's not in the deal."

EXAMPLES:

 "blah, blah, blah...and then you own the equipment."  Yeah, sure!  If you do not have a documented one-dollar purchase option - either in the lease or as a separate document, you can look forward to paying anywhere from ten to fifty percent of the original cost of the equipment to purchase it at the end.  What's that? You want to fight it? Monthly rental payments will continue while you are fighting that losing battle.  You MUST make sure BEFORE you sign a lease that the purchase option you negotiated is in binding written form.  By the way, be certain that there are no unreasonable purchase option terms, such as "...you must notify us 90 days before the end of the lease or your lease renews and you must make payments for an additional one year period.

"...and the interest rate is only _____." (Fill in the blank).  A leasing company rep can be held to monthly payment, number of months, purchase option, documentation fee, total dollar amount of finance cost, and number of advance payments.  He cannot be held to the interest rate because it does not appear in the contract.  At Keystone Equipment Leasing, Inc., we encourage comparison shopping.  But compare the things that are in the contract. It is the only way to do an apples-to-apples analysis.  Interest rate formulas are complex things (even Albert Einstein is reputed to have been fascinated) and few people can work it backwards.  At least if you work out several lease quotes yourself, you'll be using the same formula for each to see who has the best deal.  Note:  For the past two decadess we have been offering lunch at the best restaurant in the customer's town if we could not prove that the "interest-rate" quote for any leasing company was inaccurate.  Still no winners.  If you have a few quotes with payment amount and terms, you will be doing the best you can -- and we at Keystone will win your business almost every time.

Advance Rentals vs. Security Deposits:  Advance rentals are usually applied to the first monthly payment and the last one or two payments. Security deposit application is dependent on the ethics of the leasing company.  Is it refundable? Can it be used for the last couple of payments? Is it in addition to a first month's rental. (That would make a two advance payment deal into a three advance payment deal.)

"Is there an early buy-out or pre-payment penalty? Absolutely not!" says the glib lease salesman.  I am reminded of the software engineers' advice: "When all else fails, RTFM (read the manual)."  These contracts are non-cancelable.  A decent leasing company will allow you to discount the accelerated payments at a reasonable rate.  A bad one will allow you to write a check for all of the remaining payments on your lease without adding a penalty payment, and that IS a penalty. You are paying early, without any rebate of the finance charges.

Fisher Capital to Distribute Steam Boilers

TRIAD offers both Low Pressure and High Pressure packaged steam boilers. Warning: These are ready-to-install systems management featuring a perfectly matched powerful and efficient burner/boiler combination ideal for Space Heat and Industrial Process applications. All steam boiler controls and secondary plumbing are in place and pre wired and most TRIAD vessels are designed to easily fit through a three foot wide doorway resulting in a very quick start-up. Warning - TRIAD Steam Boilers heat very rapidly and thus create dry steam quickly. 

Fisher Capital to Distribute Steam Boiler Rooms - TRIAD Low Pressure boilers represent an excellent choice for schools & universities, healthcare facilities, apartments, office buildings, and historic landmark buildings. TRIAD High Pressure boilers can support most industrial processing applications. Industrial operators gravitate to TRIAD’s authentic firetube design because it is manufactured in a way similar to larger horizontal industrial boilers. The rugged construction allows for inexpensive long term maintainability and reliability.

Modular boilers are an ideal solution to any facility where redundancy is critical such as health care and processing applications. The small footprint is the perfect solution for universities, and other campus situations that require heating in many diverse buildings. TRIAD boilers are also perfect for decentralizing a large central steam heating plant. Uncomplicated off-the-shelf controls allow for quick and simple maintenance operations.

TRIAD uses burners that fire gas, oil, propane, or dual fuel. Gas trains can be stage-fired via on/off, low/high/off, low/high/low or fully modulating with sizes ranging from 300 MBH to in excess of 2100 MBH.

These are modular boilers, so many can be linked together to create a highly efficient system to satisfy the heaviest demand for steam, yet cycled independently to provide exceptional efficiency during turndown scenarios.

Fisher Capital to Distribute Steam Boiler Rooms - Series 300 Steam LP.  Overview: The Series 300 Steam Boiler is available with firing inputs from 300,000 Btu/hr to 375,000 Btu/hr. However, many millions of Btu’s can be delivered by creating an efficient, fully modular system of up to 24 vessels operated by our computerized control panel.

Design: The Series 300 Steam Boiler is manufactured to exceed ASME Section IV standards and typically is used to provide operating pressure of up to 15 psi with nominal operating temperature of 218°F to 240°F.

These vessels contain 37 vertical firetubes, each of which is 1½" diameter, each fitted with a high-efficiency turbulator for maximum heat transfer. The combustion chamber is fully water-backed, with burners that are UL listed.

This boiler qualifies as a Category I gas appliance with industry standard controls wired to NEC specifications.

Safety: A well-made, heavy vessel is naturally a safer boiler. But TRIAD Boilers also have a firebox design that is completely backed by water, along with extra safety controls on the boiler that results in a very safe and secure package.

Standard Features: The following standard features include nationally known parts and controls that are available at most supply houses, allowing for quick and easy repair and maintenance, which can dramatically reduce down time:

• UL Listed Gas Trains and Control Systems.
• Choice of Power Burners.
• Main and Auxiliary Gas Valves
• Air Flow Switch
• Main Manual Leak Test Valve
• Pressure Control
• High-Limit With Manual Reset
• 5801-30 lb Pressure Gauge
• Siphon Loops
• 15 lb Pressure Relief Valve
• 150 Water Level Control
• Automatic Low Water Cutoff
• Gauge Glass Assembly
• Honeywell Aquastat Relay
• Burner Control Relay
• High Visibility Operating Light
• 1½" Diameter Firetubes of SA178-A Steel
• Turbulators for Maximum Heat Transfer
• Two Inches of Insulation With a Painted Steel Jacket.