Fisher Capital Equipment Update - Market Slams Fisher and Paykel on Profit Warning

Birmingham, AL -- (SBWIRE) -- 12/20/2010 -- The share market has come down hard on Fisher & Paykel Appliances - with its shares falling 40 per cent after the company issued a profit warning today.

The whiteware manufacturer's shares, which were worth $2.94 this time last year and worth $1 on Friday, went into free fall and are currently trading at just 60 cents, a 40 cent fall.

Earlier today the company said it expected a net profit of $25 million to $30m, down up to 54 per cent on last year.

Due to the deterioration in the New Zealand dollar, Fisher & Paykel Appliances' total bank debt grew $122 from March last year to $512m at the end of January. It was predicted to be $570m by the end of March.

It is now looking at reviewing its capital structure and alternative sources of capital.

Fisher Capital Equipment Update - Market slams Fisher and Paykel on profit Warning - The market was very concerned the company had to come back with a capital raising, which was unexpected, said Hamilton, Hindin, and Greene director Grant Williamson.

The home appliance market had dropped off in all areas Fisher & Paykel exported to and there did not appear to be too many signs of a turnaround in world housing at the moment, he said.

"I think investors are starting to say; how long is it going to be before conditions change for the company? I think that's the biggest concern."

Williamson said Fisher & Paykel Appliances' wares were sold into most new homes but when very few new homes being built it would have a serious effect on their sales.

A 40 per cent drop in share value was a big hit for the share price to take but that was the general state of the market.

"If any company disappoints the market then the market is very harsh on their share price and we have certainly seen that this morning with Fisher & Paykel Appliances."

The company announced it would not proceed with a capital note issue and was looking an alternative source of capital.

The directors were considering the merits of issuing equity, including to a cornerstone investor.

Williamson said he did not believe a capital notes rising would have been particularly well received.

He did not see any short term bounce in the price until there was clarification around the structure of equity rising. That was expected to be announced in early March.

"At the moment there's still a fair degree of selling in the market place, around the 60c level."- NZPA

Triad Boiler Room Systems Launched New Commercial Boilers

FOR IMMEDIATE RELEASE
New Kensington, Pennsylvania, United States of America (Free-Press-Release.com) December 15, 2010 --
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.

Fisher Capital to Distribute Steam Boilers

FOR IMMEDIATE RELEASE
New Kensington, Pennsylvania, United States of America (Free-Press-Release.com) December 15, 2010 --
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.

HeatSponge SIDEKICK, Finally Revealed: Boiler Room Equipment, Inc

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 13, 2010 --

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 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.

The Boiler Room: GOLD CORPORATE MARKETING PARTNER Unilux Advanced Manufacturing

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 13, 2010 --

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.

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.

Fisher Capital Equipment Update - Market slams Fisher and Paykel on profit Warning

Business, Newspapers, English
Fisher Capital Equipment Update - Market slams Fisher and Paykel on profit Warning The share market has come down hard on Fisher & Paykel Appliances - with its shares falling 40 per cent after the company issued a profit warning today. The whiteware manufacturer s shares, which were worth $2. 94 this time last year and worth $1 on Friday, went into free fall and are currently trading at just 60 cents, a 40 cent fall. Earlier today the company said it expected a net profit of $25 million to $30m, down up to 54 per cent on last year. Due to the deterioration in the New Zealand dollar, Fisher & Paykel Appliances total bank debt grew $122 from March last year to $512m at the end of January. It was predicted to be $570m by the end of March. It is now looking at reviewing its capital structure and alternative sources of capital. Fisher Capital Equipment Update - Market slams Fisher and Paykel on profit Warning The market was very concerned the company had to come back with a capital r
appliances, capital, company, equipment, fall, fisher, march, market, moment, paykel, profit, shares, today, update, warning, williamson, year

New Fisher Capital Equipment Update - Market slams Fisher and Paykel on profit Warning

BigNews.Biz - Dec 28,2010 - The share market has come down hard on Fisher & Paykel Appliances - with its shares falling 40 per cent after the company issued a profit warning today. The whiteware manufacturer's shares, which were worth $2.94 this time last year and worth $1 on Friday, went into free fall and are currently trading at just 60 cents, a 40 cent fall. Earlier today the company said it expected a net profit of $25 million to $30m, down up to 54 per cent on last year. Due to the deterioration in the New Zealand dollar, Fisher & Paykel Appliances' total bank debt grew $122 from March last year to $512m at the end of January. It was predicted to be $570m by the end of March. It is now looking at reviewing its capital structure and alternative sources of capital. Fisher Capital Equipment Update - Market slams Fisher and Paykel on profit Warning - The market was very concerned the company had to come back with a capital raising, which was unexpected, said Hamilton, Hindin, and Greene director Grant Williamson. The home appliance market had dropped off in all areas Fisher & Paykel exported to and there did not appear to be too many signs of a turnaround in world housing at the moment, he said. "I think investors are starting to say; how long is it going to be before conditions change for the company? I think that's the biggest concern." Williamson said Fisher & Paykel Appliances' wares were sold into most new homes but when very few new homes being built it would have a serious effect on their sales. A 40 per cent drop in share value was a big hit for the share price to take but that was the general state of the market. "If any company disappoints the market then the market is very harsh on their share price and we have certainly seen that this morning with Fisher & Paykel Appliances." The company announced it would not proceed with a capital note issue and was looking an alternative source of capital. The directors were considering the merits of issuing equity, including to a cornerstone investor. Williamson said he did not believe a capital notes rising would have been particularly well received. He did not see any short term bounce in the price until there was clarification around the structure of equity rising. That was expected to be announced in early March. "At the moment there's still a fair degree of selling in the market place, around the 60c level."- NZPA

Fisher Capital Management: Government Bond Markets Global Outlook Part2 -

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 22, 2010 --

Fisher Capital Management: Government Bond Markets Global Outlook Part 2 - Our position remains unchanged; any existing exposure to bonds should be further reduced in favor of US & Euro equities.

The European Central Bank appears to share this view, although it has warned that the recovery “is likely to remain uneven”, and has kept short-term rates at very low levels. The bond markets have therefore continued to receive considerable support from the economic background and the actions of the central bank.

Fisher Capital Management Seoul, South Korea: However, these factors have been much less important than the fears about the debt problems in Greece and in other weaker members of the euro-zone. After considerable prevarication, due primarily to strong German opposition to a bail-out; an agreement has been reached amongst the member countries that, in conjunction with the IMF, they will provide support for Greece if this becomes necessary to prevent a defaulton its sovereign debts.

But the details of the agreement are very vague, and there is certainly no guarantee that the country can carry out its promises to introduce significant reductions in spending levels to reduce the size of its debts. The agreement has helped the country to issue a further ¤5 billion bond; but it was forced to offer an interest rate of 5.9% on a seven-year bond, 325 basis points above the equivalent German bund, and that issue has subsequently moved to a substantial discount. Conditions have also been made worse by the downgrade in Portugal’s credit rating, and so the pressures on the bond markets are continuing.

Fisher Capital Management Seoul, South Korea: The gilt edged market has coped fairly well so far with the latest weakness in the bond market, an inadequate response in the latest Budget to the debt problems in the UK, and a warning from the Fitch rating agency that the government’s timetable for reducing the fiscal deficit was “frankly too slow”, and that the country’s credit rating was at risk. The economic recovery remains very slow, and the Bank of England is holding short-term interest rates close to zero, so the market is receiving some support; but in all the circumstances it is perhaps surprising that it has managed to perform so well.

Fisher Capital Management Seoul, South Korea: The economic background in the UK remains depressed, but is slowly improving. Retail sales bounced back strongly; the public sector continued its recruitment programmed; and there has been a pickup in activity in both the manufacturing and service sectors of the economy.

It was not surprising therefore that the Bank of England kept short-term interest rates unchanged at the latest meeting of its Monetary Policy Committee and even suggested that it would be prepared to reactivate its quantitative easing programmed if this proved to be necessary. But this may not be enough to sustain gilt edged prices at current levels.

Fisher Capital Management Seoul, South Korea: The latest Budget statement is forecasting a slightly lower fiscal deficit of £167 billion in the 2009/10 fiscal year, and a halving of the deficit by 2013/14; but there is considerable skepticism in the markets about the growth assumptions underlying the figures, and about the willingness of the politicians to address the real problems

involved in reducing the deficit. If there is no credible plan to achieve this reduction, the country may well lose its AAA credit rating. Prospects have therefore become even more uncertain, and a move to higher yield levels seems unavoidable.

Fisher Capital Management Seoul, South Korea: The Japanese bond market is slightly weaker over the past month. It is likely that this year, for the first time, bond issuance may provide greater support for the fiscal deficit than tax revenues. This has already led to a downgrade on Japanese public debt by Standard and Poor’s, and with new bond issuance this year estimated to reach ¥44,300 billion, and to reach ¥55,300 billion by 2013, further downgrades seem likely. Japanese institutional investors are used to financing massive deficits, but it seems unlikely that deficits of this size can be adequately financed at present yield levels. Prospects for the Japanese market therefore remain unattractive.

Triad Boiler Room Systems Launched New Commercial Boilers -

FOR IMMEDIATE RELEASE
New Kensington, Pennsylvania, United States of America (Free-Press-Release.com) December 15, 2010 --
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.

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.

Richard Fisher: Robert Brown’s Boiler Installation

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 16, 2010 --
Richard Fisher on Boiler room management - with the current state of the economy, it is extremely important that you are fully aware of the ways in which you can make savings around your home, along with the steps you can take to ensure that you do not waste more money that you need to.

There are small steps that can be taken, such as turning off lights when leaving a room, or not leaving electrical devices on standby when they are not in use. Regarding heat loss, you can install draft excluders on your windows and doors, as well as making sure your house is properly insulated; insulation in cavity walls, as well as in ceilings can save many hundreds of pounds in heating costs over a long period of time.
Regarding heat loss, while it is important to guard against heat being lost through insulation, it is incredibly important to consider how the heat is produced in the first place; is your current method efficient both economically and environmentally.
Richard Fisher on Boiler room management - Boiler replacement. If you have an old, inefficient electric boiler, it may be a good idea to arrange boiler installation for a new gas boiler. Gas boiler installation could save you hundreds of pounds each year, reducing your bills significantly.

All boiler installation jobs are complicated and can involve a large amount of work. If however you make sure you use a trained professional, the job can be stress free and quickly finished, with minimum fuss. If you do decide to carry out the installation yourself, you must be sure to read up on the subject in great depth, taking all recommended precautions before commencing work. It is also advisable that you have an assistant, to help with removal and installation, so you can concentrate on the technical aspects of the work fully.
Richard Fisher on Boiler room management - Required certification. There are levels of certification and permits required to legally undertake such work, such as building codes and planning permission laws.
You can often check these aspects with your local council and planning authority, as well as with your local gas company and supplier.

Once you are sure that you are ready to undertake the work, it is a good idea to prepare the area in which the boiler will be installed. In this area, there should be a gas supply, a water supply, and an electrical supply all within a close proximity of the boiler; the greater the distance between these supplies and the boiler, the greater the difficulty in installation. It is important to note that boiler installation should not take place near to any combustible substances; such is the danger of an explosion.
Once your boiler is delivered, you should make sure that all parts are present and correctly formed, prior to attempting an installation. Once you are sure everything is fine, you can begin your boiler installation along the guidelines that you have learned in your studies.

Fisher Capital Equipment Update - Market slams Fisher and Paykel on profit Warning

The share market has come down hard on Fisher & Paykel Appliances - with its shares falling 40 per cent after the company issued a profit warning today.
The whiteware manufacturer's shares, which were worth $2.94 this time last year and worth $1 on Friday, went into free fall and are currently trading at just 60 cents, a 40 cent fall.
Earlier today the company said it expected a net profit of $25 million to $30m, down up to 54 per cent on last year.
Due to the deterioration in the New Zealand dollar, Fisher & Paykel Appliances' total bank debt grew $122 from March last year to $512m at the end of January. It was predicted to be $570m by the end of March.
It is now looking at reviewing its capital structure and alternative sources of capital.
Fisher Capital Equipment Update - Market slams Fisher and Paykel on profit Warning - The market was very concerned the company had to come back with a capital raising, which was unexpected, said Hamilton, Hindin, and Greene director Grant Williamson.
The home appliance market had dropped off in all areas Fisher & Paykel exported to and there did not appear to be too many signs of a turnaround in world housing at the moment, he said.
"I think investors are starting to say; how long is it going to be before conditions change for the company? I think that's the biggest concern." Williamson said Fisher & Paykel Appliances' wares were sold into most new homes but when very few new homes being built it would have a serious effect on their sales.
A 40 per cent drop in share value was a big hit for the share price to take but that was the general state of the market.
"If any company disappoints the market then the market is very harsh on their share price and we have certainly seen that this morning with Fisher & Paykel Appliances."
The company announced it would not proceed with a capital note issue and was looking an alternative source of capital.
The directors were considering the merits of issuing equity, including to a cornerstone investor.
Williamson said he did not believe a capital notes rising would have been particularly well received.
He did not see any short term bounce in the price until there was clarification around the structure of equity rising. That was expected to be announced in early March.
"At the moment there's still a fair degree of selling in the market place, around the 60c level."- NZPA



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China - World's First Internal Combustion Engine Manufacturing Power by Fisher Capital Equipment Update

Fisher Capital Equipment Management Update- China has become the world's first internal combustion engine manufacturing power - engine oil - construction machinery industry. Avoid online internet scams; get latest updates on Fisher Capital Equipment Management website.  At Tianjin University in a few days ago " Energy Power "Academic Forum, Tianjin University, State Key Laboratory of Combustion Yao Ming-Fa fellow director, said China's current annual production has more than 60 million internal combustion units, is the world's first internal combustion engine

manufacturing country. With internal combustion engine as the power source of the power system in the next 30-50 years is still the main driving force for most, it will be the internal combustion engine energy saving energy saving in China the main battlefield of the future
  "Energy and Power," Academic Forum, Tianjin University to celebrate the State Key Laboratory of Combustion opened in 20 years held. Forums, including the Chinese Academy of Sciences Gob, the Chinese Academy of Engineering, Hui Guo, Tianjin University, State Key Laboratory of Combustion chief scientist Wan-Hua Su, China FAW Car Research chief engineer Li Kang and other experts, including prior agreement will concern the focus of great concern in the current domestic and international economic  and energy savings on carbon.

 China - world's first internal combustion engine manufacturing power  – Fisher Capital Equipment Update. Avoid online internet scams; get latest updates on Fisher Capital Equipment Management website. Researcher, according to Yao Ming-Fa, the internal combustion engine Oil Oil consumption is about 66% of total consumption, China's dependence on oil imports more than 50%. Engine emissions and noise are also major sources of air and the environment, the city more than 50% of the harmful gases from motor vehicle emissions from combustion engines. "But the burning Engine Still the main power source in the future, fuel efficient and clean burning combustion technology is still theoretical and academic frontier. Conventional internal combustion engine is still 50% of the energy potential of renewable fuels, new synthetic fuel efficient and clean combustion is an important aspect of new energy to pursue low-carbon power has become an important international political issues, combustion engine fuel diversification energy diversification is a trend. “
 Laboratory Academic Committee, Chinese Academy of Sciences said Xu Jianzhong, although in recent decades, fossil energy is still the main source of energy, but from now on to create carbon-free, low-carbon energy system, the occupation of energy technology and industrial high ground, China's Industrial development

  1989 Tianjin University completed an open State Key Laboratory of Engine Combustion engine of China's only State Key Laboratory of the field. Combination of the laboratory "energy", "environment" and "power" major national needs and international academic front, the main research interests include internal combustion engine combustion process and optimum control of the internal combustion engine generates harmful emissions, and atmospheric environmental impact post-processing technology research, alternative fuels and new engine Power Plant Study, dynamic mechanical structural strength, vibration, noise and lubrication technology research

Experts at the forum agreed that the green energy and low-carbon economy is becoming the leading technology and industrial revolution in the next major direction of our country is facing domestic pressure to reduce carbon emissions, carbon emissions will be the internal combustion engine technology to drive future the development of one of the main sources of power. The face of this international situation, Yao Ming-fa introducing the laboratory researcher, said the future direction of development, energy-efficient internal combustion engine and reduce harmful emissions and reducing carbon emissions are the characteristics of the laboratory, while the aircraft engines, space propulsion in the field expansion side laboratory has also made encouraging progress. "We will continue to innovate and operational mechanisms to accelerate the pace of development, take on the achievement of national goals of scientific research and high-level personnel training duty. Efforts to build a world-class laboratory research center of the engine, to meet China in the 'energy,' 'Environment' and 'advanced power' to make a significant contribution to the demand. "

Fisher Capital Updates Avoid Scams- New Swiss Style Agency Nexturn

Most recently by the financial turmoil sweeping the globe, has been leading the international trend of the European heavy truck giant constantly laying off employees and cut-off of the news. Avoid scams. Keep posted and don’t be a victim. 

 2008 12 16, Sweden Volvo Truck Group headquarters in Gothenburg, announced first quarter 2009 will be discontinued 20 to 25 days to avoid a drop in demand caused by product mix. Earlier, the German truck maker Man (MAN) company announced major layoffs for temporary workers and cut production. Mercedes-Benz trucks were announced job cuts in Canada and the United States, 2300.

 Chinese auto companies have gradually felt the tremendous power of this financial crisis. In the heavy truck market, the independent brand of electric control and high-pressure EGR Track Product spreads win one or two million in full swing, not to mention the high price of imported heavy card. The face of tough international market, the European heavy truck giant can turn "crisis" into "opportunities" in China for more effective business support?

 Previous years, this time, each company will announce a new year of market objectives and development plans. But this year, most businesses still wait until. Interest rates, exchange rates frequently adjusted bailout plan were introduced, the situation changes so rapidly, so that hundreds of battles in the European heavy truck giant become more cautious than ever.

Benz trucks in China public relations manager, told reporters that Wang Hui, Mercedes-Benz

on the Chinese market and customers long-term commitment is consistent. Slowdown in the current market circumstances, the Mercedes-Benz will continue to provide Chinese customers with high quality products and services. Meanwhile, Mercedes-Benz that the Chinese government to stimulate domestic demand, increasing investment in initiatives such as the opportunities for the commercial vehicle market, promising Chinese market, long-term, sustainable development.

 Insiders commented that, compared with the domestic heavy truck, imported products have a distinct performance advantage. However, due to the special needs of our commercial vehicles, heavy trucks have been no imports of high-end open market, even as imports of passenger cars did not bring in huge profits for multinational corporations. At present, this situation has not changed.

 Hard for many years in China, another giant of heavy trucks in Europe?? Volvo to the Chinese market showed cautious optimism. President of Volvo Trucks in China, said Lu Bo days, despite the international financial crisis, but the driving force for China's economic development still exist, with the timely measures taken by the relevant market better than in Europe and the United States. He said that both in good times or bad, both for China Volvo Cooperation Partner support, and will not lay off in China.

As the industry leader in commercial vehicles in Europe, Mercedes-Benz and Volvo is also China's imports of high-end heavy truck market leader, in recent years has annual sales of more than in 1000. Rely on much weaker than the company's own brand dealer network, can achieve such results is not easy, to keep victories is their primary goal. Man speaking for the company, but the adverse economic situation it saw an opportunity. Man Fischer, vice president of China, told reporters that the financial turmoil, China is likely in 2009 a temporary economic downturn. However, the Man for 2010 are optimistic about China's economic situation. On the one hand, the 4 trillion yuan in central government investment projects, traffic, transportation, logistics industry is the key; the other hand, the Chinese yuan to upgrade the user's purchasing power. By expanding dealer network to provide users of financial services and other measures, Mann hopes the Chinese market in 2009 heavy truck sales of more than 500 in 2010, and strive to reach 1,000 units in China imports high-end heavy truck market share from the current 8% to 20%.

 China called the world's largest truck market, regardless of existing capacity or growth potential is very attractive. At present, the global economy are shrouded in shadow of financial turmoil, the Chinese market for multinational auto giants significantly increased the importance of the European heavy truck giant too. Although China's own brand of technical level of heavy truck brand products in Europe there is still a gap, but their progress over the years is obvious to all. The industry believes that both the Chinese heavy truck market prospects are also notable features. This feature is changing for the right to speak, the Chinese heavy truck industry has gradually become rules of the game makers. Only able to adapt to the rules of Chinese enterprises to share the fruits of victory.

 Related Reading: 2009 debut all the new heavy truck market in China smoke resurgence

 In the global financial crisis, China's heavy truck industry is facing the most strong market impact in history, many users are forced to report truck stop, a sharp decline in market demand, but as the beginning of large-scale infrastructure and fuel tax implementation, some experts predict that 2009 will be the second half of the Chinese heavy truck market is expected to rebound. Then, the face of the current severe situation, how companies can survive the winter; future market rebound when the business first opened, how can the situation? In the face of this issue, China's heavy truck manufacturers have thought they were talking to the product. Recently, the China Heavy Duty Truck, Shaanxi Auto, Fukuda, SAIC Iveco Hongyan, Valin successively announced their new 09 models, can be predicted that in 2009 China's heavy truck market, a war broke out did not smoke.

Fisher Capital Equipment Management - Significant Progress on Dulles Metrorail

Avoid internet scams, get the latest news update from Fisher Capital Equipment Management. Construction of the Dulles Corridor Metrorail Extension project, which is being built near Washington, D.C., is moving forward above and below ground. Crews have made significant progress on the elevated guideway structure that will carry the Metrorail over I-495, the region's primary highway, as well as Tysons Corner, one of the area's most congested business and retail districts. At the same time, a 2400-foot tunnel is being built under the intersection of Route 123 and International Drive as the traffic continues through Tysons Corner, and as the businesses

and residents are going about their daily routines.

The progress of the project was highlighted on W-USA 9, a Washington, D.C. area TV station. The report featured interviews with Bechtel construction managers. Watch the video.

Construction of the project began in March 2009, with the signing of a $900 million grant from the U.S. Department of Transportation. The project

is being constructed by Dulles Transit Partners, a team of Bechtel and URS, and will include five new Metro stations and 11.5 miles of new track. The project is owned and managed by the Metropolitan Washington Airports Authority.

Fisher Capital Equipment Management - Significant Progress on Dulles Metrorail - Bechtel (BEK tl) is the world's No. 1 choice for engineering, construction, and project management.

Our diverse portfolio encompasses energy, transportation, communications, mining, oil and gas, and government services. We currently have projects in dozens of locations worldwide, from Alaska to Australia. No matter how challenging a project or how remote its location, chances are Bechtel can handle it. That's because we bring an unmatched combination of knowledge, skill, experience, and customer commitment to every job.

We have had record revenues for the past five years, and Engineering News-Record (ENR) has named Bechtel the top U.S. construction contractor for 12 straight years.

While we work for governments and commercial customers, our projects have helped grow local economies and improve the quality of life for communities and people around the world. Time and again our work has demonstrated that the only limits on human achievement are those that we place on ourselves. 

Privately owned with headquarters in San Francisco, we have offices around the world and 49,000 employees. In 2009, we had revenues of $30.8 billion and booked new work valued at $20.3 billion.

What We Do

Airports and seaports; Communications networks; Defense and aerospace facilities; Environmental cleanup projects; Fossil and nuclear power plants; Mines and smelters; Oil and gas field development; Pipelines; Roads and rail systems; Refineries and petrochemical facilities

Ethics

Bechtel's culture is grounded in integrity and respect. This means adhering to the highest standards of ethics. Our reputation as an ethical company is one of our most valuable assets

. We stand by everything we do.  

Quality

At Bechtel, quality means doing the job right the first time.  We've always delivered quality work, and we are continually striving to improve our performance through Six Sigma and other initiatives.

Safety 

Bechtel has a world-class safety program, and it pays off. Nearly 90 percent of our projects complete each year without a lost-time accident. Our philosophy is simple—every accident, and therefore every injury, is preventable. 

Fisher Capital: Save with eLease Construction Equipment Leasing

Leasing construction equipment for your company is a superb choice. Recent industry statistics tell us that well over $3 billion worth of construction equipment is leased each year by companies in the United States alone. Business managers choose to lease construction equipment or get commercial truck leasing because of the inherent advantages offered by leasing, such as superb flexibility, custom payment structures, better asset management, stable cash flow, easy upgrades and flexible end of term options. Not to mention the short processing times, which are generally much faster than that of bank loans. At eLease Equipment Leasing

, we have helped thousands of construction companies and contractors lease the necessary equipment for their businesses to succeed. We also offer various forms of business auto leasing as well. Contact us immediately to get experienced advice on financing. Avoid possible scams on equipment lease applications, learn from us. 

Construction Equipment Lease Types

We lease a variety of heavy and construction equipment to our clients. These items have included products as diverse as: Backhoes/Bulldozers; Cranes; Cement Trucks; Compactors; Excavators; Jackhammers; Lighting; Surveying Equipment; Trucks and Tractors

Construction Equipment Leasing Facts

Leasing enables you to customize a financing program to address your business

' cash flow issues, including budgeting, transaction and cyclical fluctuations. Many of our construction company clients require seasonal leases, as an example, which help them to slot payments into their busiest months, and avoid payments during the off-season.

Equipment leasing is an excellent way to grow your business without significant out of pocket expenses. Leasing offers real advantages including better value, more convenience and greater control. In most cases, the full amount of the equipment, as well as the service, shipping, installation costs and maintenance can be included in the lease. This spreads the cost out evenly over the term of the lease freeing up your money to work harder for you. Currently, 35% of all equipment is leased. Learn more about equipment leasing and how it can help your business.

Founded in 1995, Paragon Capital began as a traditional leasing company focused on the high tech industry. Born of a desire to provide a faster, more comprehensive cost effective solution for businesses equipment leasing needs, eLease is a combination of the most powerful leasing brand, the best-of-breed leasing technology of LeaseExchange, and the industry experience of Paragon Capital. eLease's web interface empowers corporations of all sizes to increase the efficiency of their business with instant approvals, documentation and administration using a common Internet browser interface. eLease's application suite provides unprecedented sharing of information and services between leasing parties increasing the time to funding.

eLease's online application enables customers and vendors to dynamically enter an application, receive an instant approval and manage documents online completing the leasing process in minutes instead of weeks. Created on a commitment to speed and service, eLease's technology constantly innovates the leasing process using technology to evolve and improve the services available to businesses in need of equipment finance.

Fisher Capital Equipment Management - Significant Progress on Dulles Metrorail

Avoid internet

scams, get the latest news update from Fisher Capital Equipment Management. Construction of the Dulles Corridor Metrorail Extension project, which is being built near Washington, D.C., is moving forward above and below ground. Crews have made significant progress on the elevated guideway structure that will carry the Metrorail over I-495, the region's primary highway, as well as Tysons Corner, one of the area's most congested business and retail districts. At the same time, a 2400-foot tunnel is being built under the intersection of Route 123 and International Drive as the traffic continues through Tysons Corner, and as the businesses and residents are going about their daily routines.
The progress of the project was highlighted on W-USA 9, a Washington, D.C. area TV station. The report featured interviews with Bechtel construction managers. Watch the video.
Construction of the project began in March 2009, with the signing of a $900 million grant from the U.S. Department of Transportation. The project is being constructed by Dulles Transit Partners, a team of Bechtel and URS, and will include five new Metro stations and 11.5 miles of new track. The project is owned and managed by the Metropolitan Washington Airports Authority.
Fisher Capital Equipment Management - Significant Progress on Dulles Metrorail - Bechtel (BEK tl) is the world's No. 1 choice for engineering, construction, and project management.
Our diverse portfolio encompasses energy, transportation, communications, mining, oil and gas, and government services. We currently have projects in dozens of locations worldwide, from Alaska to Australia. No matter how challenging a project or how remote its location, chances are Bechtel can handle it. That's because we bring an unmatched combination of knowledge, skill, experience, and customer commitment to every job.
We have had record revenues for the past five years, and Engineering News-Record (ENR) has named Bechtel the top U.S. construction contractor for 12 straight years.

While we work for governments and commercial customers, our projects have helped grow local economies and improve the quality of life for communities and people around the world. Time and again our work has demonstrated that the only limits on human achievement are those that we place on ourselves.

Privately owned with headquarters in San Francisco, we have offices around the world and 49,000 employees. In 2009, we had revenues of $30.8 billion and booked new work valued at $20.3 billion.
What We Do
Airports and seaports; Communications networks; Defense and aerospace facilities; Environmental cleanup projects; Fossil and nuclear power plants; Mines and smelters; Oil and gas field development; Pipelines; Roads and rail systems; Refineries and petrochemical facilities.
Ethics
Bechtel's culture is grounded in integrity and respect. This means adhering to the highest standards of ethics. Our reputation as an ethical company is one of our most valuable assets

. We stand by everything we do.
Quality
At Bechtel, quality means doing the job right the first time. We've always delivered quality work, and we are continually striving to improve our performance

through Six Sigma and other initiatives.
Safety
Bechtel has a world-class safety program, and it pays off

. Nearly 90 percent of our projects complete each year without a lost-time accident. Our philosophy is simple—every accident, and therefore every injury, is preventable.

About Author
Fisher Capital Management Equipment Leasing Construction Machineries, Suppliers Directory, business or construction machineries and other

Fisher Capital Equipment Tips

(live-PR.com) - Fisher Capital Equipment Tips - Construction Project Management and Civil Engineering Careers. Civil Engineer site - How to avoid Engineering Scholarship Scams

Student or parents needs to be able to recognize the scholarship fraud profile. Following are top 10 Scholarship Scams.
1. The free seminar scam. Overwhelmed by all the information out there? Want to make the best financial aid decisions foryou or your child? Often a free financial aid seminar is no more than a “come-on” for insurance sales pitches, matching services or investment products.
Signs that should make the warning bells go off: Are they using the hard sell? Sign-up today or the price shoots up tomorrow? Can only answer certain questions after you pay their fee? Wants your credit card

information to “hold” a scholarship for you? Your ears should be ringing by now.
Remember, if you receive help from a consultant, he or she must sign the Free Application for Federal Student Aid (FAFSA). If the seminar sales rep refuses to do so, it is another alarm bell. And never let a company consultant suggest that you adjust your income on the FAFSA in order to receive more aid. It’s unethical (a crime even). And it can backfire, big time.
2. Scholarships for profit. Scholarships are designed for many purposes—recruit talented athletes, assist low income applicants, encourage study in an academic discipline, promote campus diversity, attract the best students—but profit should never be one of them. Scammers that award modest scholarships of $1,000 (or no scholarship at all) can collect many times over that amount in fees by attracting thousands of applicants. You may only be out the 15 bucks or so, but multiple that by 1,000 scholarship hopefuls just like you and you just made for a nice payday for the scholarship scam artist. Being denied such a scholarship does not make you undeserving—but just one more scammed applicant.
3. The advance-fee loan. A low-interest loan with an upfront fee? Don’t think so, and neither should you. Legitimate lenders deduct fees from at the time disbursement checks are issue; they do not charge fees before paying out the loan to a borrower. Be wary of any lender that asks for money upfront—that is a loan that will likely never materialize.
4. Your Financial Aid Office. Huh? Your college Financial Aid Office is a credible and free resource for education funding

. But beware; the Education Department recently banned the practice of lenders offering financial incentives to universities that recommend their service as a preferred lender (the university often receiving a “cut” for the loan). The move was prompted by investigations showing that some university officials accepted gifts, payments or stock on favorable terms in exchange for such practices. In other instances, marketing representatives for lenders staffed phones at student aid offices. In an $85 billion student loan industry, you have to ask yourself if your university steered you to the lender with the best rate available, or simply the one lining their pockets. Ouch.
5. The guaranteed matching service. If Match.com can’t guarantee you Prince Charming and firmer abs, scholarship matching services cannot guarantee you money in the bank. Matching services that promise guaranteed matching sources for a processing fee of $49.95 (and much higher) will at best provide you with information available for free on the web. Take note that these services often inflate their database when an individual sponsor offers hundreds of scholarships.
The Better Business Bureau (BBB) reports that many of the sources provided by scholarship matching services are inaccurate and “few, if any at all, receive the actual funds”. The BBB adds that information provided is often out of date, providing sources for deadlines that have long passed. And never mind that money-back guarantee—it comes with more hoops to jump through than any dog-and-pony show you could ever imagine.
6. Linked products. Don’t let any sales person ever convince you that a financial product, such as student life insurance, or an annuity, must be purchased to qualify for federal student financial aid. It just isn’t so. And it is a sure fire scam.
7. The telemarketer. Telemarketing was once the biggest bugaboos of scholarship fraud when the FTC first addressed scholarship scams in the 90s. Attention more recently has shifted to bogus financial aid and scholarship seminars, and deceptive practices among consultants. That does not mean that telemarketing scams still do not surface. The U.S. Department of Education warned consumers recently about telemarketing scammers posing as U.S. Department of Education (ED) officers offering grants to students for a $249 processing fee (by requesting a bank or credit card number). Contact the DOE’s Office of Inspector General at
1-800-MIS-USED begin_of_the_skype_highlighting,
1-800-MIS-USED end_of_the_skype_highlighting
(1-800-647-8733 begin_of_the_skype_highlighting,
1-800-647-8733 end_of_the_skype_highlighting) or oig.hotline@ed.gov to learn more.
8. Guaranteed financial aid consultants. What can you expect for your fee from a financial aid consultant? Help completing the FAFSA, estimating your expected family contribution (EFC), and advising you or child on types of aid. Information and assistance that is readily available and free from a financial aid office at any university, your local library, on the web, or from a high school guidance counselor. So what is free, free, free information worth to you? Plenty, if you pay fees to a financial aid consultant to get it.
Some may want the handholding of a consultant regardless. Then be aware of deceptive claims that should send you looking for help from other sources. A financial aid consultant may guarantee a minimum $2,500 in aid or promise to refund your money. That’s nice, but misleading. Yes, you will no doubt receive that $2,500 student loan, but then so will every applicant who completes the FAFSA (free and on the web at www.fafsa.ed.gov). A federal entitlement available simply by completing the FAFSA should not be misrepresented or misconstrued as aid a consulting company can uniquely guarantee you as an enticement.
Likewise, if a consulting service guarantees you will receive every last penny to ship your child off to school (or your money back), you should not be fooled. You guessed it, another federal entitlement that is a byproduct of completing the FAFSA. That and a decent credit rating will earn you a PLUS loan for 100 percent of the total cost of attendance for you or your child. It is just good sense to steer clear of any company that entices clientele with benefits that are freely available to all students completing the FAFSA (whether they pay pricey consulting fees or not) as a federal entitlement.
Remember, if a consulting agency is completing a FAFSA (or any other form) on your behalf, review, sign it, and mail it yourself. You should maintain copies of the completed FAFSA and expect a refund if it is incorrect. And always agree to a flat fee for financial aid consulting services, never a percentage of aid received. Qualifications to consider when screening potential financial aid consultants include whether the consultant has experience at a financial aid office and is a Certified Public Accountant. Never be hesitant to ask for references.
9. The sweepstakes scholarship. Lucky you! You have just been selected as a finalist to win a scholarship in a sweepstakes that you never entered. (And you thought you never won anything.) The only obstacle standing between you and collecting your winnings is paying the redemption fee. Be wary of contests, websites and scholarships that collect personal data, payout a single dollar-amount (play the lottery today?) and repay the kindness with a barrage of advertisements. Which brings us to our next popular scam tactic.
10. The redemption fee. Common catchphrases by the scammer are disbursement fee, redemption fee, or processing fee. Notice the common denominator here? Legitimate scholarships do not ask a student to pay for an award. Be wary of any money awarded to you out of the blue that comes with strings, especially those with strings attached to your pocketbook.