This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Balloon Council Applauds Congress For Recognizing Urgency To Address Impending Helium Market Instability

WASHINGTON, Feb. 14, 2013 /PRNewswire-USNewswire/ -- The Balloon Council, a national trade organization of balloon manufacturers, wholesalers, distributors and retailers, applauded Congress for making progress toward preventing a shutdown of the Federal Helium Reserve, which would severely impact the helium market and disrupt the helium supply chain nationwide.  The Balloon Council released its statement at the House Natural Resources Committee Oversight Hearing held today on "The Past, Present and Future of the Federal Helium Program" and a Legislative Hearing on H.R. 527, the Responsible Helium Administration and Stewardship Act.

"The Balloon Council supports Congress and the House Natural Resources Committee for recognizing the seriousness and urgency to maintain uninterrupted and stable access to the helium supply in the face of an impending shutdown of the Federal Helium Reserve mandated by current law," said Noah Lichtman, spokesman for the Balloon Council.

"A stable helium supply is critical to several important industries in the United States, including the balloon industry which accounts for more than 100,000 jobs from balloon manufacturers, distributors and retailers.  Congress is demonstrating a commitment to address these issues in order to develop legislation that recognizes the value of each industry impacted by the helium market," continued Lichtman.

"It is particularly significant to have held this hearing on Valentine's Day – the day with the highest balloon sales annually.  Retailers across the United States have lost significant business this Valentine's Day due to the current helium shortage.  The severe economic loss felt this year to the 100,000 Americans who work in the balloon industry would be repeated to a greater extreme in the absence of congressional action to continue the federal government's operation of the reserve to ensure stability and predictability in the helium market," said Lichtman.

FOR FURTHER DETAILS  Noah Lichtman (973) 799-0200 x8287


1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,081.89 -49.97 -0.29%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,796.6090 -42.0340 -0.87%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs