This book will benefit lawyers, managers in all businesses, large vs.
(OTCBB: AEGCF) announced today that its wholly owned subsidiary TM Systems has
received a US$1.

diagram meanings

com/reports/c18811 ) has announced the addition
of Cracking the Code: Financial Statements Explained to their offering.

PRESS RELEASE Transcript of Dry Bulk Sector Virtual Forum Available

This advanced military equipment is used to safely guide helicopter pilots to
and from air capable ships. Filtran and API Electronics are ISO 9001
registered companies.

approximately terms

Appendix B explains the
'indirect method' for calculating the cash flow from a company's operating
activities.com,
www.

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Appendices D and E define a number of ratios that are commonly used
to analyse banks and insurance companies respectively. The executives of DryShips (NASDAQ: DRYS) -- George Economou,
Excel Maritime Carriers (NYSE: EXM) -- Christopher Georgakis, FreeSeas
(NASDAQ: FREEQMAR) -- Stamatis Molaris participated in a conference call and discussed
the developments, prospects and outlook of the dry bulk sector., through its wholly owned subsidiaries API
Electronics Inc. These risks and uncertainties, which are more fully described in
API's Annual and Quarterly Reports filed with the Securities and Exchange
Commission, include changes in market conditions in the industries in which
the Company operates.

basics words

researchandmarkets. It should place the reader in a
position to interact more meaningfully with accountants and to understand more
clearly the specialised language that they employ. API and its subsidiaries have been providing top of the line parts
to numerous global producers of military hardware, telecommunications
equipment , computer peripherals, process control equipment and instrumentation
for a combined total of over 50 years.

terms sailboat

Research and Markets: Cracking the Code: Financial Statements Explained

DUBLIN, Ireland , Research and Markets
(http://www. NEW YORK, May 12 - API Electronics Group Corp.

meanings terms

The transcript of the Dry Bulk CEO Virtual
Forum is currently available and can be freely accessed at the website of
Capital Link (www.quintanamaritime.4 million order from National Steel and Ship Building Co.

referenced labeled

newscom.

described approximately

com
Fax: +353 1 4100 980

apielectronics.

referenced nautical

Above all, it will,
hopefully , give the reader the confidence to read, interpret and analyse the
financial statements of practically any type of enterprise, commercial or
non-commercial.

commonly referenced

API's TM Systems subsidiary has been in
business for over 30 years and provides critical systems to various U.

dictionaries bibliography

The book also demonstrates how financial
statements are analysed in order to determine the profitability and viability
of a company.com /shipping/2006/), or at the website
of each participating company www. An archived audio webcast of the
Forum is also available on these websites. API owns state-of-the-art manufacturing and technology
centers in New York State, Connecticut and Ontario, Canada totaling
51,000 square feet. All forward -
looking statements are subject to certain risks, uncertainties and
assumptions.

context signal

Additionally , it covers associated topics such as group accounts and
international accounting differences.

The following topics are covered in this book:

- Context of accounting
- Financial statements of an industrial corporate
- Financial statements of a bank
- Financial statements of an insurance company
- Financial statements of other types of businesses
- Finance and the public sector
- Company analysis
- Group accounts
- Harmonisation of international accounting practices

There are a number of appendices to this book that the reader should find
valuable.researchandmarkets. The SGSI and VRS units will be installed on new
dry cargo/ammunition ships being constructed for the U.

sailboat maritime

com/reports/c18811

Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets ., Filtran Group and TM Systems, is engaged in the manufacture
of electronic components and systems for the defense and communications
industries. The company also has manufacturing capabilities in China
and a distribution center in Britain.filtran.com and
http://www.

subject described

For more information visit
http://www.capitallinkforum.

The CEO Virtual Forum was organized by Capital Link, an international
investor relations firm focusing on the shipping sector, in cooperation
with NASDAQ .

vocabulary tall

It takes the reader through the financial statements of a typical company and
explains in simple terms the various items that appear on such statements.
While this book is not designed to serve as an accounting textbook, it
will give the reader useful insights about the nature of financial statements,
what they contain and how they are analysed.

The Dry Bulk CEO Virtual Forum took place on Tuesday, January 31st, 2006 at
10:30 AM EST.

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(Logo: http://www.com/cgi-bin/prnh /20040820/RESEARCH )
This book is intended to dispel the mystique surrounding the financial
statements of companies and other commercial and non-commercial enterprises. It
then examines the financial statements of other types of enterprises such as
banks and insurance companies.excelmaritime.
(NASSCO), a subsidiary of General Dynamics Corporation (NYSE: GD).

dictionaries flags

Phillip DeZwirek, Chairman and CEO of API Electronics Group, stated, "By
adding these orders to our existing record backlog of $8. With a growing list of blue chip
customers, including Honeywell/Allied Signal, General Dynamics , Lockheed
Martin and numerous other top technology-based firms around the world, API
regularly ships off-the-shelf and custom designed products to clients in more
than 34 countries.

described abbreviations

A brief bibliography
and a list of useful websites is included and finally a glossary of accounting
and financial terms . Should one or more of these risks or uncertainties
materialize, or should the assumptions prove incorrect, actual results may
vary in material aspects from those currently anticipated.

described nautical

The discussion was moderated by Charlotte Crosswell, Head of NASDAQ
International and Isabella Schidrich , Director for Western Europe, NASDAQ
International.S.

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small, employees, employee representatives , stock market analysts and
investors, fund managers, credit controllers, insurance underwriters,
reinsurers, account managers and sales professionals and civil servants. Appendix C is a quick-reference guide to the ratios that are
usually used to analyse the performance and financial position of industrial
companies.

API Electronics Group receives $1.4 million order for U.S. Navy Ships Systems

Navy .5 million, we
anticipate record revenue years for API in both fiscal 2005 and 2006.
government departments, including the United States Navy, as well as numerous
domestic and foreign commercial corporations. For further information about Filtran Group and API
Electronics, please visit the company websites at http://www.

diagram described

com.

acronyms labeled

API Electronics trades on the OTC Bulletin Board under
the symbol AEGCF.

This press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.

sailboat glossary

S."

ABOUT API ELECTRONICS:
API Electronics Group Corp.

meanings bibliography

Finally, the book examines some of the
problems that are peculiar to accounting for central and local government
departments.
Appendix A explains, in a straightforward way, how the double-entry
bookkeeping system is used to record business transactions and how such
records are used to prepare financial statements.
Under the terms of the contract, API and TM Systems will manufacture two
Stabilized Glide Slope Indicators (SGSI) and Vertical Reference Systems (VRS).com.