KidSational, Inc. Feature Film "The Guardians" Awarded Best Family Film at The New York International Independent Film and Video Festival KidSational, Inc. (PINKSHEETS: KDSC) in conjunction with RuffHouse Productions, Inc. is proud to announce that the company has been awarded the best family film for the feature film "The Guardians" at The New York International Independent Film and Video Festival held in New York in November.
"The Guardians" cast includes Ron Palillo, who played Horshack on the popular 70s show, "Welcome Back Kotter." The movie also features Kyle Sabihy, who had a recurring role as Michael Sobel in "Analyze This" and "Analyze That." Additional stars include Alex M and Britt of MTV's hit TV show, "Laguna Beach." The film also features a cameo appearance by P. Diddy's hit R&B boy group B5. The film was shot on location in the areas of Winter Garden, Florida and Chuluota, Florida.
The New York International Independent Film and Video Festival (NYIIFVF) was founded in 1993 and is the largest film festival in the world. NYIIFVF has been recognized by the film and entertainment industry as one of the leading film events on the independent festival circuit. The festival hosts film, music and art events in the two entertainment capitals of the United States: New York and Los Angeles.
"We are elated to receive the best family film award and owe it to our stellar cast and crew. 'The Guardians' is a movie for all ages. The hit music of TGK adds to the positive energy of the film and will create additional awareness of both TGK as well as 'The Guardians' brand. We are confident that we will secure a film distribution agreement in the near future," stated Steve Ruff, CEO of KidSational, Inc.
About KidSational, Inc.:
KidSational, Inc., a Georgia-based corporation, is a creator and distributor of cutting edge safety and educational programming for children. The Company's CEO and President, Steve Ruff, is the creator of "The Guardian Safety Game," currently utilized in schools and institutions across the country and selling in retail stores. The Company plans to relay safety messages to children worldwide through its various business projects and products, including "The Guardian Game," a feature film and TV series, KDS Music Group, and ancillary products such as educational stickers and backpacks.
SAFE HARBOR ACT: This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: Market Wire (December 5, 2006 - 9:00 AM EST)
Labwire Files Third Quarter Report, Revenue and Earnings Increase Year to Date Labwire, Inc. (PINKSHEETS: LBWR), a leading provider of employee screening solutions and canine security and surveillance services, is pleased to announce that it has filed its interim financial report for the period ended September 30, 2006.
For the quarter ended September 30, 2006, Labwire reported gross revenue of $778,959, compared to gross revenue of $695,137 in the third quarter of 2005, an increase of 12.1%. The Company experienced growth across all of its business segments, including: (i) employee screening services, which increased $21,874 in the third quarter of 2006 over the same period in 2005; (ii) canine security and surveillance, which generated $58,998 in the third quarter of 2006 compared to zero revenue during the same period in 2005; and (iii) management services, which generated $2,950 in the third quarter of 2006 compared to zero revenue during the same period in 2005.
For the nine months ended September 30, 2006, Labwire's gross revenue was $2,735,907, compared to $1,729,261 during the same period in 2005. This represents an increase of $1,006,646 or 58.2%.
For the quarter ended September 30, 2006, Labwire reported gross profit of $263,334, compared to gross profit of $272,550 in the third quarter of 2005, a decrease of $9,216 or 3.4%. For the nine months ended September 30, 2006, Labwire reported gross profit of $953,058, compared to gross profit of $655,525 during the same period in 2005, an increase of $297,533 or 45.4%.
For the quarter ended September 30, 2006, operating expenses were $286,945, compared to operating expenses of $234,868 in the third quarter of 2005, an increase of $52,077 or 22.2%. For the nine months ended September 30, 2006, operating expenses were $909,858, compared to operating expenses of $746,663 during the same period in 2005, an increase of $163,195 or 21.9%.
For the quarter ended September 30, 2006, the Company reported a net loss of $31,077, compared to net income of $35,872 during the third quarter of 2005, a decrease of $66,950. For the nine months ended September 30, 2006, net income was $21,058, compared to a net loss of $97,243 during the same period in 2005, an increase of $118,302.
About Labwire, Inc.
Labwire, Inc. is headquartered in Houston, Texas and provides secure and compliant employee drug screening and background checking services to Fortune 500 corporations via the Labwire(TM) Platform. Labwire(TM) is a proprietary, Web-based application that streamlines the complex regulatory and record management activities associated with employee screening, delivering accurate, timely results while eliminating service calls and paper trails. This comprehensive solution to managing employee screening services is the most efficient and cost-effective platform in the industry. For additional information about Labwire, Inc., please visit www.labwire.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
Source: Market Wire (December 5, 2006 - 9:00 AM EST)
SkyBridge Technology Group,Inc. ''SBTG'' Announces Its Subsidiary (Sierra Pacific Aviation, Inc.) Has Expanded Its Relationship with Club Big Bear Business Wire - December 5, 2006 9:00 AM (EDT)
LAS VEGAS, Dec 05, 2006 (BUSINESS WIRE) -- SkyBridge Technology Group, Inc. (OTC:SBTG) Board of Directors has announced today that its wholly owned subsidiary, Sierra Pacific Aviation Inc., announced today the expansion of the Club Big Bear relationship to include fractional real estate sales combined with managed aircraft co-ownership options for a new resort in Costa Rica. "This is another international marketing opportunity for Sierra Pacific, and should fit in very well within our community of aviators," stated Brent Neville, President of Sierra Pacific.
Certain Information
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of STGI officials are "Forward-Looking Statements": within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Certain statements in this news release may contain forward-looking information and are based on Management's current expectations, estimates and projections subject to change. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements. Unless legally required, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company disclaims any information that is created or distributed by any outside party and endorses only information that is communicated by its official Press Releases.
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PFNH (.042) Unveils Its Next-Generation Wireless Network Product Strategy At the Innovation & Design Expo in Hong Kong
PrimeZone "PrimeZone "
LOS ANGELES, Dec. 5, 2006 (PRIME NEWSWIRE) -- Perfisans Holdings, Inc. (OTCBB:PFNH), a next-generation semiconductor designer focused on the burgeoning Gigabit Ethernet and Wireless Broadband Access (WBA) market, announced today that it will briefly unveil its next-generation wireless network product strategy for wireless broadband access (WBA) applications.
Bok Wong, CEO of Perfisans said, "The new wireless broadband access product strategy will complement the Company's existing product lines and better serve the fast-growing market's needs. This will enable the Company to develop more channel partners and thus potentially increase revenue."
With the strategic move into the wireless broadband access market, Mr. Wong will lead the Company into its next stage of development.
About Perfisans Holdings, Inc.
Founded in 2001, Perfisans Holdings, Inc. is an ASIC design house focused on developing leading-edge, cost-effective, system-on-chip (SOC) integrated circuits (IC) and delivering innovative solutions that address the performance needs of next-generation network systems. Rapidly being recognized by industry leaders for its innovative network interface products, the Company's technologies have applications in telecommunication, data communication, storage networks, content delivery networks, broadband networks, and rich streaming media.
Perfisans' proprietary chip technology is fully standards-compliant, and provides high efficiency, high-quality network connections for both business and home applications. The Perfisans' ENA1001 can efficiently process protocols such as IP and TCP, and its high-speed protocol-processing capabilities -- 10 times faster than typical 100M-bit networks -- can vastly improve the efficiency of the network. The ENA1001 network interface chip employs Perfisans' proprietary TCP offload engine (TOE), providing highly efficient network throughput, to enable high-performance networks for a wide range of applications. More information can be obtained from the Company's web site at www.perfisans.com.
Cautionary Statement
This press release contains statements relating to future results of Perfisans (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; changes in product mix; product obsolescence; the availability of manufacturing capacity; fluctuations in manufacturing yields; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation; our ability to attract and retain qualified personnel; as well as other risks and uncertainties, including those detailed from time to time in Perfisans' Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
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WTVI (.012) Believes Car Dealers With Their Own Internet TV Stations Could Be the Future of Successful Car Marketing
Market Wire "US Press Releases "
ORANGE COUNTY, CA -- (MARKET WIRE) -- 12/05/06 -- Wi-Fi TV(TM) (PINKSHEETS: WTVI) Inc. has been leading the way in the creation and distribution of Social Internet TV(TM) with its www.Wi-FiTV.com web site, and now the company is going to target car dealers as candidates to own their own TV channel on the Internet.
"The Internet is taking over," an owner of eight car dealerships is quoted as saying in the Dec. 4, 2006 edition of the trade publication Automotive News. "If I could figure out how to advertise more effectively on the Internet, we would do that. Our industry and our stores personally haven't figured out how to do that," he added.
Alex Kanakaris, Chairman of Wi-Fi TV, which has generated over 150,000 visits to its web site from 190 countries, believes he has an answer for dealers like the one quoted in Automotive News.
"In our base of operations, Newport Beach, California, we have a Lexus dealer that spent $75 million on their dealership, including $30 million for the land. They are right down the street from one of the world's biggest grossing Mercedes dealers. You can't tell me, that for $25,000, it wouldn't be a steal for these dealers to own their own global TV station on Wi-Fi TV. And think about all the dealers that don't have the guaranteed high-end clientele foot traffic of these two stores, wouldn't it be worth even more to them to own a channel on Wi-Fi TV?," stated Kanakaris.
"They can show cars, educate about the brand they sell, become involved in local causes, and be part of the Internet community. They can post on-demand videos at no additional charge to showcase particular cars," Mr. Kanakaris stated.
Wi-Fi TV cites comments in Automotive News stating that "newspaper readership is declining" and "dealerships turn the page on local newspapers" as examples of the great opportunity of having a TV channel on the Internet.
"You think of the all time great car marketers, people like Cal Worthington and Mad Man Muntz. They used showmanship and the media of the day to attract the widest possible audience. Social Internet TV(TM) is waiting for the new generation of car sales leaders to change the way cars are sold," Kanakaris concluded.
Wi-Fi TV will be sending reps across the United States to present one-on-one presentations to car dealers that are qualified to own a Wi-Fi TV Channel. Bob Warren and Joe Soto are among the sales execs who will oversee the individualized sales presentations. Wi-Fi TV corporate, including its Chairman Alex Kanakaris, will provide special promotion tied-in to the first car dealer TV stations sold.
About Wi-Fi TV
Wi-Fi TV Inc. provides a new generation TV delivery platform that has a geographic sphere out-distancing any traditional cable or over-the-air TV broadcaster. Ownership of Wi-Fi TV Channels are for sale at $25,000 (full details are on the web site www.Wi-FiTV.com). Wi-Fi Tv memberships are free at www.Wi-FiTV.com
The Company was launched in 1995 and has been publicly traded since November 1997, and has been a pioneer in the delivery of video and books over the Internet.
Press Relations
Wi-Fi TV Inc. has opened a new content and technology demo room for the press in Newport Beach, California. For further information contact Colby Marceau, (949) 716-9397, info*wi-fitv.com.
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. Wi-Fi TV and Social Internet TV are trademarks of Wi-Fi TV Inc. and all rights pertaining to these names are reserved. This press release shall not be deemed a general solicitation.
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EDXC (.035) Provides XRM Solution to NYSE-Listed Agricultural Concern
Market Wire "US Press Releases "
WARRENTON, VA -- (MARKET WIRE) -- 12/05/06 -- Endexx Corporation (PINKSHEETS: EDXC), a leading provider of web-hosted document management solutions, has been contracted to provide Visual Board Books services to a four-billion-dollar market cap and four-billion-dollar revenue-generating agriculture-based firm. This contract marks the third New York Stock Exchange-listed firm to receive the services provided by Endexx's XRM platform. Endexx's web-hosted, on-demand document management service XRM Technology is now being utilized by six publicly held corporations and one private utility concern.
This contract marks Endexx's first agricultural-based company to utilize the flagship product Visual Board Books document management and corporate communication solution. Endexx's sales and development focus has always been on the Company's XRM Technology Platform, an on-demand transparency and best-practice corporate governance solution, to accommodate mandatory and strict regulatory guidelines placed upon Corporate Executives and Board Members.
This new customer has stated that they will primarily be utilizing the service to manage all their historical data utilized by Management and the Board of Directors. The intuitive nature and easy-to-use format is exactly what the customer stated they were seeking, as well as the competitive pricing. Endexx's CEO, Todd Davis, stated, "XRM's acceptance into the Fortune 500 company market once again validates its necessity; further, we are seeing this application capturing the interest of smaller companies and individuals that simply want to improve their own internal, inter-corporate document management and corporate communication systems to operate more efficiently."
About Endexx and Visual Board Books
"Creating a better experience for corporate governance."
Visual Board Books provides a sensible, secure way to organize and distribute sensitive, secure and critical corporate documents and communications over the Web. Now everybody in an organization has the latest version in real-time, enabling board members to be better prepared for meetings. Visual Board Books provides a robust, secure environment in which to create, deliver, edit, view and review corporate board books. Accessible through Visual Board Books' Executive Dashboard, it also provides a single, intuitive interface in which to communicate and confer with approved parties in a secure, enhanced environment.
As an on-demand web-based solution, Visual Board Books interacts seamlessly with legacy systems to:
-- Streamline a company's entire board experience, giving board members more time to properly review materials, prepare for meetings, and make well- considered decisions; -- Improve communications among board members, as well as with other executives and approved consultants; -- Securely extend access to select documents to approved sources without enabling access to the entire enterprise; -- Provide 24/7/365 access and support, anywhere around the globe.
Safe Harbor Statement
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Endexx to differ materially from those implied or expressed by such forward-looking statements. Additional information on these and other factors may be included on future 10-Q and 10-K reports. This press release speaks as of the date first set forth above, and Endexx assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.
Contact: Todd Davis CEO Email Contact 480-595-6900
-------------------- The difference between genius and stupidity is that genius has its limits
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VYST (.084) Enters Phase II of Integrating Nuclear Radiation Sensor Technology With SecureScan
Market Wire "US Press Releases "
BALTIMORE, MD -- (MARKET WIRE) -- 12/05/06 -- View Systems, Inc. (OTCBB: VYST), a leading homeland defense solutions provider, announced today that the firm has entered into Phase II to integrate the Nuclear Radiation Sensor capability into the SecureScan Concealed Weapons Detection Portal. When complete, this integration will improve and enhance the SecureScan Concealed Weapons Detection Portal by broadening its detection capabilities to include nuclear radiation as well as magnetic sensing. The system implementation will provide an autonomous, traceable, and secure method of detecting radioactive materials within an environment or on or in a person.
View Systems announced in April of 2006 the commencement of a Cooperative Research and Development Agreement (CRADA) with Battelle Energy Alliance, LLC under contract to the US Department of Energy to market this Nuclear Radiation Sensor Technology. The technology is designed to be used by the Department of Homeland Security, port security, Special Forces, and private security personnel to interdict and prevent a nuclear or radiological attack on the United States.
According to an article in Scientific American, "More than 50 tons of HEU [highly enriched uranium] are in civilian use around the globe to support about 140 reactors employed to conduct scientific or industrial research or to produce radioactive isotopes for medical purposes. These sites are often located in urban areas and are minimally protected by security systems and guards... Improving security is essential" (Glaser & von Hippel, 2006). By incorporating this technology into the existing magnetic sensors of the SecureScan portal, View Systems can help prevent the unauthorized use of radioactive isotopes by intercepting them before they have the opportunity to be destructive.
View Systems' CEO, Gunther Than, states, "We are pleased to enter into phase two of this intricate process. The sensors simultaneously detect neutron and gamma radiation emitted by lethal nuclear devices or radioactive isotopes that could be dispersed by less sophisticated explosives such as those in a 'dirty bomb.' We intend to integrate this sensor technology with our other products in the near future. With this equipment, we can detect the movement of nuclear material on or by a person. We plan to release this into the market in early 2007."
About View Systems, Inc.
View Systems, Inc. provides security and surveillance products to law enforcement facilities such as correctional institutions as well as to government agencies, schools, courthouses, event and sports venues, the military, and commercial businesses. View Systems' headline products include the SecureScan concealed weapons detection (CWD) portal system with biometric capabilities and positive ID verification, as well the VFR Visual First Responder camera system geared toward emergency first responders which won the coveted R&D 100 Award.
Forward-Looking Statements
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
New Well Development on Western Humboldt-Chanute Oilfield Hemi Energy Group, Inc. (Pink Sheets HMGP) In 2006 there were 25 newly drilled wells producing oil within approximately a three mile radius of Hemi's leases in Woodson County, KS. These new wells are on the same 150 thousand acre Humboldt-Chanute oilfield geological structure as Hemi's five leases, totaling over 3 square miles. These new wells have flushed-in at 40-100 bbls a day. All of these new wells have been drilled on mature oilfields that currently have re-worked and/or producing old wells on the leases. A major reason why as much as 75% of the oil reserves has remained un-produced in these mature fields is due to the fact that these wells were drilled using less advanced technologies than those available today. This Humboldt-Chanute oilfield with a shallow sandstone (squirrel) and dolomite formation (Mississippian) in southeast Kansas, presents itself as probably one of the best candidates for secondary oil recovery, using pressure water flooding or enhanced oil recovery production (EOR), in all of the domestic United States. The value of the Hemi Energy leases are benefiting from the increasing trend of new producing wells and prove-up of oil reserves near the company's leased area in Woodson County. Partly based on this information, Hemi Energy will start developing the proven oil fields in their Kansas leases by drilling new wells in the spring of 2007.
Hemi has now established a base-line of oil production from the re-worked wells in Woodson County, Kansas, which comprise approximately 30 percent of the total wells located in the leased area. For the month of November, the company completed four shipments of 180 bbl each. Cash flow from oil production will, therefore, be more than sufficient to allow the company to complete the re-working of all its remaining wells in 2007.
About Hemi
Hemi Energy Group is an independent crude oil and natural gas producer employing a unique business model capitalizing on technological advances to exploit mature fields with millions of barrels of proven oil remaining in the ground. Using attractive lease/royalty packages, Hemi has secured, in its history, tens of thousands of acres of productive domestic projects. The company's forward-thinking strategy has placed it in an enviable position at a time when prices and global demand for oil continue to rise.
Building on decades of experience in enhanced oil recovery, Hemi has successfully amassed a substantial and attractive portfolio of these high-quality domestic properties. By streamlining operations through cutting-edge technologies, Hemi has the ability to operate more effectively and efficiently than larger oil companies.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Stock Information Systems, Inc. James McBeth, 801-568-1873
Source: Business Wire (November 29, 2006 - 9:03 AM EST)
Eight Wells Now Pumping on Allenergy's Ball Lease Property in Kansas COFFEYVILLE, Kan., Dec. 5 /PRNewswire-FirstCall/ -- Allenergy, Inc. (OTC: ALRY), with a 17-year history in the oil and gas industry and current involvement in the multi-billion dollar natural gas fields in Kansas and Oklahoma, announced today that it has equipped and put on pump eight of the 26 existing wells on its Ball Lease property, part of the Company's 960-acre AE Project Four. Allenergy plans to have two additional wells pumping before the end of 2006, weather permitting.
'Six of the eight wells are in the de-watering process, which should take about 30 days before the bulk of the natural gas in the formation will become marketable,' said Company President Larry Sanford. 'The remaining two wells have flushed 700 barrels of oil before each one settled down to five barrels of oil per day, along with 40,000 cubic feet per day of natural gas,' he added.
'The Ball Leasehold was producing about 160,000 cubic feet per day of gas from three wells before it was shut in about 15 years ago due to unfavorable gas prices,' Sanford stated. 'After additional selected wells are put on pump, the Company believes that the Ball Lease has the potential to produce 15 barrels of oil per day, and 250,000 cubic feet per day of gas.'
As previously announced by Allenergy, the Ball Lease property is adjoined to the south by the Dark Treasures Lease, containing 960 acres. The Company is currently conducting due diligence on potentially acquiring Dark Treasures, which would strengthen and consolidate Allenergy's existing properties and holdings in Chautauqua County, Southeastern Kansas.
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PLNI (.0008) Wholly Owned Subsidiary, Pro Mold, Inc., Implements Cost Reduction Program
Market Wire "US Press Releases "
LEXINGTON, KY -- (MARKET WIRE) -- 12/05/06 -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company's wholly owned subsidiary, Pro Mold has implemented a cost reduction program set in place by the management team at Pro Mold. The cost reduction plan may result in anticipated annual savings of approximately $500,000 a year under current projections.
The Company is currently planning to focus the cost reduction program on reducing labor and re-aligning production schedules. The management team will also focus on the introduction of lean manufacturing principles and techniques and the implementation of a 5S program. Lean manufacturing can improve material handling, inventory, quality, scheduling, personnel and customer satisfaction.
"This is another step toward enhancing Plasticon International, Inc.'s performance. We plan to continue to maximize efficiency at every opportunity. By implementing this program, we anticipate that quality will improve and production time and costs may be reduced," stated Jim Turek, CEO and President of Plasticon International, Inc.
Plasticon International, Inc. recently announced that the Company's wholly owned subsidiary, Pro Mold has recently leased an additional 15,000 sq. ft. warehouse. The new warehouse is located within a mile of the Company's manufacturing facility in St. Louis, MO. The warehouse contains Pro Mold's inventory that is valued at approximately $360,000.
About Plasticon International, Inc.:
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green company, environmentally friendly, using recycled plastics to produce its line of products.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR ABILITY TO ACHIEVE COST REDUCTIONS, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
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BLDH (.25) Enters Into Global Distribution Agreement and Launches New Web Site
Business Wire "US Press Releases "
SWEETWATER, Texas--(BUSINESS WIRE)--
Bloodhound Search Technologies (OTC:BLDH) is pleased to announce they have formed a marketing alliance with Gaming Solutions International, LLC. Gaming Solutions International is a provider of interactive content to many leading online media groups, and will now begin introducing the Bloodhound Search products to their media partners.
"Gaming Solutions International has a proven track record of establishing online content partnerships with leading web properties and media groups. We are excited to be working with them and look forward to having our proprietary product line introduced to their partners," said Brian Bickford, CEO of Bloodhound Search Technologies. "Gaming Solutions International has a proven track record of providing their content partners with innovative online content that drives traffic, user satisfaction and revenues. We feel the Bloodhound Search products will be a natural fit for many of their clients," added Bickford.
Gaming Solutions International currently provides patent-pending interactive data modules in the areas of lottery results and horoscope to many online media properties. Current partners include AOL, MSNBC, ABC Television, NBC Television, CBS Radio, Telemundo, USA TODAY, Washington Post, AT&T, Bell South, AccuWeather, Boston Herald, Chicago Tribune, Baltimore Sun, Orlando Sentinel, Florida Sun Sentinel, AOL Latino, Media General, and others.
"The Bloodhound Search products are unique to the marketplace. They clearly offer a search technology that is needed, and that will drive revenues and user satisfaction for online properties. We see their product line as a natural extension of our core business model, which is to offer our content partners turnkey online solutions that will improve their online business by increasing traffic, user experience, and revenues," said John Brier, Managing Partner of Gaming Solutions International.
The Corporation is also pleased to announce that it has today launched a new website for the communication of corporate and product development activities. The designated address is: www.BloodhoundSearch.com. The website will contain current information relative to Corporation's innovative products, access to user search portals, corporate and financial structure, news releases, and other information of concern to the interactive and investment communities.
About Bloodhound Search Technologies, Inc. (OTC:BLDH)
Bloodhound Search Technologies, Inc. is a search engine technology innovator licensed with a proprietary search engine technology predominantly utilizing key word criteria to filter the web to bring back just the terms, pages, links and urls that are most relevant and direct to a user's personal requirements. Once deployed, it is dynamic and is in operation 24/7 in real time. The Company offers three products to include dynamically generated personalized portals, enterprise portals and content feeds, each with incensing and revenue share options. For more information visit their corporate web site at www.BloodhoundSearch.com
About Gaming Solutions International, LLC:
Gaming Solutions International, LLC, is a Pensacola, FL based technology company that produces patent-pending interactive lottery and horoscope data for online media properties, to include newspapers, television stations, radio stations, portals, and news and information web sites. Multi-lingual lottery data coverage includes all state and government sponsored lotteries in the United States, Canada, the U.K., and Ireland. Content partners include AOL, MSNBC, ABC Television, NBC television, CBS Radio, Telemundo, AT&T, USA TODAY, Washington Post, Clear Channel Television, Compuserve, Bell South, AccuWeather, The Baltimore Sun, The Chicago Tribune, The Orlando Sentinel, The Boston Herald, and many others. For more information visit their corporate web site at www.LottoFactor.com
Source: Bloodhound Search Technologies, Inc.
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CKYS (.032) Launches "Name the Mascot" Contest as It Continues to Expand Its Marketing Reach Worldwide
Market Wire "US Press Releases "
ST. GEORGE, UT -- (MARKET WIRE) -- 12/05/06 -- CyberKey Solutions, Inc. (PINKSHEETS: CKYS) is pleased to announce that they have launched a "Name the Mascot" competition, in response to shareholder recommendations as a means to better brand and market the company's KeepSafe 2.0. The winner of the naming contest will receive a free Keepsafe 2.0. CyberKey Solutions, Inc. has created a new "mascot" for the Company, and would like to invite company customers, shareholders and the investment community to participate in a contest to name him.
CyberKey Solutions, Inc. is embarking on a new project to brand CyberKey worldwide and market the products and solutions that provide "Secure Content Anytime Anywhere." This is in conjunction with the recent launch of a television commercial that starts today on a number of networks.
"I am inspired by the overwhelming support the Company has received in response to the company's 'Reach Out Program.' I want our shareholders and the investment community to understand that we are listening to their suggestions, and that our team is working very hard to implement strategies that will expand upon the successes we are already attaining," stated Jim Plant, CEO of CyberKey Solutions, Inc.
CyberKey Solutions, Inc. is currently fulfilling a $25 Million purchase order to various segments of the U.S. Government. CyberKey Solutions, Inc., based in St. George, Utah, partners with industry leading manufacturers and distributors to deliver secure USB drive based solutions to vertical markets and content owners, service providers and resellers. CyberKey's solutions solve real world issues in the entertainment, education, government, military, automotive, financial services and medical industries. CyberKey Solutions' technologies allow users to securely transfer large amounts of data, files and applications software from one electronic device to another while employing a patent pending USB-based Digital Rights Management process. CyberKey's solutions create new opportunities for existing industries and applications. For more information, please visit CyberKey's website at http://www.cyberkeysolutions.com.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
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PAIM (.0012) Issues an Update Report on Its Gold Production, Gold Vanity Card, and Shares the Spirit and Joy of Giving This Holiday Season to the Host Communities
Business Wire "US Press Releases "
MANILA, Philippines--(BUSINESS WIRE)--
Pearl Asian Mining Industries: Stock SYMBOLS: U.S.A. (OTC:PAIM): German (GER:R1Z) and (FWB:R1Z) issues the following update on its Philippine operations.
The Gold Team of Pearl Asian & its manpower complement of Higaonon tribesmen continue to work hard and exert its best efforts to produce up to 10 metric tons of gold concentrates at Project Cagayan de Oro. These gold concentrates will be sent to China National Gold Corp. (CNGC) for its smelting and final refining to 99999% purity, at most. In addition, Pearl Asian has also programmed for a substantial percentage of its gold sales to be sourced from its gold-trading operation, wherein the company will buy gold from the gold-rich areas in the country.
Pearl Asian Mining had encountered various factors that have caused actual results to differ materially from those anticipated results. These include risks and uncertainties such as: mining and development risks; the risk of transporting the commodity from the mine site; security, political and regulatory risks as well as the effect of the weather conditions. However, Pearl Asian is still on course to serve the requirements of its buyer, WIET LLC. As per the former's Memorandum of Agreement to sell a minimum of 10 metric tons of pure gold to the latter. The 10 Metric tons of pure gold having at least a 99999% purity will be worth an estimated gross value of more than USD $192 Million based on the current gold market price of at least $600.00 USD per ounce (10 metric tons=10,000,000 grams=321,543 ounces). In particular, Pearl Asian plans to make its first delivery by the 1st quarter of 2007. This delivery schedule also holds true for PAIM's Gold Vanity Card (50 mg weight of 99999% purity). CNGC has advised its willingness to assist Pearl Asian in its development and production of the Vanity Gold Card in partnership with Pearl Asian Mining Industries, Inc. The selling price of each app. 50 mg weight of card is estimated to be worth at least $2,000.00 plus shipping and handling. The first 100 serial numbers and special serial number combinations sold as limited edition will bear a higher price tag.
On the other hand, Pearl Asian continues to bring good tidings and cheer this Holiday Season in the area that covers 4 small remote communities adjacent to the Binasan gold mine site. Pearl Asian is doing the finishing touches in the construction of its very own Community Hospital & Healing Centers located near the mine site. As Pearl Asian is bringing in a USA Team of Medical Volunteers composed of 2 doctors and 2 Nurses on Dec. 10th to begin its first initial medical service-outreach program for the people in the mine site and its nearby communities. The Meditation Center, the Medical Missionaries Quarters and Learning Center are in its final stages of construction together with the development of additional 20 kms of access roads from the main highway of Iligan City to the mine site. All of these were made possible through the generosity of several very special investors: ANANYMOUS Foundation, LLG Foundation, Musich Family Trust, GPI Family Trust & Bosaw Family, as well as several shareholders. Pearl Asian wishes to thank all these US Medical Volunteers and Missionaries together with the Pearl Asian Gold Team and the KAHIB Members in making this 2006 Spirit of Giving a success!
FORWARD STATEMENTS:
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Pearl Asian Mining Industries Inc. - Philippines
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NEW YORK, NY -- (MARKET WIRE) -- 12/05/06 -- Global Diamond Exchange Inc. (PINKSHEETS: GBDX) has filed with the Secretary of State of Nevada a restructuring of the corporate stock. When Global Diamond Exchange merged with World Wide Cannery and Distribution, the Authorized Share count was 7 billion shares of Common Stock. It was never Global's intention to have that many shares authorized and management has filed papers lowering that amount to 975 million total shares. The State of Nevada has approved this measure, and it can be viewed on the State of Nevada government website.
The new share structure will break down accordingly: 900 million shares of Common Stock, 25 million shares of Preferred Class A Stock, and 50 million Preferred Class B Stock. Management intends to utilize preferred shares for acquisition and expansion rather than common stock.
Furthermore, company management will look to prevent dilution as a protection for its company and shareholders. Additional share reductions are being examined, and may occur in the near future as the company mulls over retiring some more outstanding common stock.
About Global Diamond Exchange:
Global Diamond Exchange originally opened their office on 2 West 46th street in the heart of the New York's Diamond District. After several years of operation at their New York office the company decided to shut down the operation due to low pricing and soft demand in North America. The company concentrated its efforts on exporting cut diamonds from the Russia Federation and European locations. The new company has reopened its sales offices in the original building ready to take on the increased demand for fine quality diamonds.
NOTE: Safe Harbor for Forward-Looking Statements.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Contact: Alex Livak 347-813-4664 Email: Email Contact www.fortuneir.com
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CNCN (.165) Subsidiary, Phoenix Semiconductor and Telecommunication (Suzhou) Co., Ltd (PSTS), Signs Contract with Samsung Electronic LCD (Suzhou) Co. to Provide LCD TV Source
Business Wire "US Press Releases "
LOUISVILLE, Ky.--(BUSINESS WIRE)--
CinTel Corp. (CinTel) (OTCBB: CNCN), Korea's top Internet traffic management (ITM) solution provider, is pleased to announce that its subsidiary Phoenix Semiconductor and Telecommunication (Suzhou) Co., Ltd ("PSTS") entered into a contract with Samsung Electronics LCD (Suzhou) (SELS) in November 2006 to provide LCD TV sources. Prior to this contract, PSTS supplied the LCD TV source indirectly through a 3rd party and will now be a direct vendor to Samsung. PSTS expects to see stable orders and growing sales through this new contract. Minimum order requirements under this contract are 1.2 million units annually and mass production has begun as of November 2006. PSTS expects this will contribute to significant sales starting from the first quarter of 2007, and anticipates the contract to result in at least an additional $8M in annual sales.
Products provided under this contract are sources Printed Board Assemblies (PBA) for 17 and 19 inch LCD monitors which are the most widely produced models of Samsung LCD Monitors, and are the main products of SELS. SELS is working to reach production targets in December '06, while sales increased by more than 20% as compared to October, when the product line was still at Samsung Electronics Corporation in Cheon An. PSTS expects to produce more than 2,000,000 products per year in 2007 by increasing the current production capacity, and adding new production models.
Joo Ho Choi, the manager of PSTS, said "We are pleased to secure stable and growing production through this contract. The contract with SELS is a milestone for PSTS and demonstrates our entry into the EMS (Electronic Manufacturing Service) company sector."
Sang-Don Kim, the CEO and President of CinTel said, "PSTS's contract with SELS is quite meaningful to PSTS and CinTel, because SELS represents a world-class customer and sales growth is expected to be explosive. According to our accounting team PSTS's sales in 2006 and the first quarter of 2007 are expected to increase some 430% compared to sales in 2005, when production first commenced, and 2006 will mark a significant inflection point in the corporate lifecycle of PSTS. CinTel is growing into a "Total Solution Enterprise" in the semiconductor sector by continuing investment and consolidating various parts of the industry."
About Phoenix Semiconductor and Telecommunication Suzhou (PSTS) (www.psts.com.cn)
Phoenix Semiconductor and Telecom became a majority-owned subsidiary of CinTel Corp. on October 2006. It was founded by STS Semiconductor and Telecommunication in China in 2004 by acquiring certain parts of the packaging production lines from Samsung Electronics Corporation's China plant (SESS). It began mass production in 2005, and its main customer is Samsung Electronics Corporation, the largest semiconductor manufacturer in the world. PSTS's main products are semiconductor packaging, NAND flash memory and LCD assembly.
About SELS (SAMSUNG ELECTRONICS SUZHOU LCD CO.,LTD)
SELS (SAMSUNG ELECTRONICS SUZHOU LCD CO.,LTD) was a TFT-LCD module specialized assembling company, founded on September 18, 2002 in Suzhou complex with initial investment of three million dollars. It currently produces monitors and laptop TFT-LCD module for 12.1, 14.1, 17 and 19 inches. Its production capacity is 2,000,000 per year, and it started to produce the new 32 inches TFT-LCD TV module in July 2006.
About CinTel Corp.: (www.cintelcorp.net)
While CinTel maintains its position as a leader in Internet Traffic Management (ITM) systems it has also begun expansion into creative new markets and worldwide distribution of Korean based technologies. With its main headquarters in North America, CinTel Corp. provides a range of enterprise technology solutions. Founded in 1997, CinTel introduced Korea's first dynamic server load balancer, which has now evolved into a world-class product line. With its ever expanding solutions with key partners and internal development has created a conglomerate of technology products to include NAND flash memory and LCD assembly, semiconductor packaging and testing specialists, as well as, a total solution provider for memory application for home appliances, semiconductor, TFT-LCD application products. CinTel's award-winning ITM solutions are marketed to customers worldwide, enabling customers to improve Internet and network traffic management, service levels, secure content, user experience, and reduce server loads and bandwidth demands. For additional information, please visit CinTel Corp's website.
Safe-Harbor Statement
This press release may contain statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: CinTel Corp.
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UAMA (.05) Posts Back-to-Back Quarterly Net Profits; Revenues Surpass $10 Million for the First Nine Months of 2006, a 287 Percent Increase from Previous Year
PrimeZone "PrimeZone "
MONTREAL, Dec. 5, 2006 (PRIME NEWSWIRE) -- United American Corporation (OTCBB:UAMA) is pleased to announce that its total revenue reported for the three months ended September 30, 2006 was $6,490,857, a 311% increase from last year. Our total revenue reported for the nine months ended September 30, 2006 was $10,838,193, a 287% increase year-over-year.
Gross profit increased to $658,127, or approximately 10% of sales, for the three months ended September 30, 2006.
The increase in gross profit for the three month period when compared to the same reporting period in the prior fiscal year is attributable to increased sales of termination traffic in our Gabon and Mali networks.
We had net income of $107,562 for the three months ended September 30, 2006, compared to net loss of $293,367 for the same period last year. This three-month period represents the second time since our inception that we have reported a net income, and we have produced these results back-to-back in the second and third quarters of 2006. Net loss for the nine months ended September 30, 2006 was $137,513, compared to a net loss of $1,070,153 for the nine months ended September 30, 2005.
About United American Corporation
United American Corporation is a holding and management company focused on next generation Voice over Internet Protocol (VoIP) based telecommunications. Its operating division, United American Telecom operates an international VoIP settlement and exchange gateway linking Tier 1 and Tier 2 Telecom carriers with the Company's installed gateways in countries such as Mali and Gabon, Africa. The Company recently spun-off its Retail operation TeliPhone(tm) by paying a special stock dividend to shareholders. For more information, visit the company website at http://www.unitedamericancorp.com.
This news release contains forward-looking statements that are subject to various risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors that may be beyond the Company's control. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made, and the Company assumes no obligation to update forward-looking statements should circumstances in management's expectations or opinions change.
CONTACT: United American Corporation Investors Relations (212)738-0009 investorsrelations*unitedamericancorp.com
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CYOS (.005) Re-Affirms Poker Licensing Relationship with Keno.com
Business Wire "US Press Releases "
LONDON--(BUSINESS WIRE)--
CYOP Systems International Inc. (OTCBB:CYOS), a provider of online casino software, is pleased to re-affirm that it will be providing Keno.com Ltd. (Costa Rica) with its RedFeltPoker.com software through a revenue share agreement.
Keno.com (http://keno.com) is now a Costa Rican based private company, and is setting up its new website for a launch in December. CYOP will remain the poker software provider and will work closely with the new Keno.com Ltd. (Costa Rica) and will also provide them with marketing advice and advertising expertise.
Furthermore, CYOP will provide Keno.com with its poker affiliate software. Affiliates are existing qualified online web operators who receive a percentage of the revenues in return for advertising.
Keno.com is a high value site with excellent search engine rankings and gets over 90% of its traffic directly from the typing of the URL. The new Keno.com Ltd. has committed to promotion through a number of vehicles including over 2000 websites on its new advertising network.
Patrick Smyth, CEO of CYOP, commented, "We are excited that Keno.com will continue to use our poker software. They have a database of players that should provide it with a jumpstart that is quite uncommon for new sites in the industry. The key to success in the aggregation of players within an online gaming network is identifying and offering multiple channels to customers who will participate in multiple methodologies of connecting to the network. CYOP is establishing its platform as the most progressive channel offering, and will be granting customers access to the network through a number of sophisticated entry points."
About CYOP
CYOP is a developer and provider of online gaming solutions and services for the iGaming industry. The Company's range of products and services include financial transaction platforms for on-line casinos, online gaming software, gaming websites, poker portals and integrated e-commerce transaction technology for on-line merchants.
This press release may contain forward-looking statements which are pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ materially and all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming, risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on third party software providers, risks relating to international operations, and risks associated with competition.
Play Games. Win Games. Make Money.(TM)
Source: CYOP Systems International Inc.
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Paradigm Tactical Products, Inc. Enters into a Strategic Alliance with Athena Police Supply to Significantly Enhance FriskerPRO(R) Sales Paradigm Tactical Products (Other OTC:PDGT.PK - News), a leading provider of non-lethal defense and homeland security solutions to corrections, law enforcement and the security industry, announced today that it has signed a contract with Athena Police Supply to sell the patented FriskerPRO(R) hand worn metal detector.
Athena Police Supply, owned and operated by full time police officers, is located in the thicket of law enforcement agencies including, but not limited to: Lee County, The City of Cape Coral and Fort Myers Police Department. Athena Police Supply's key location, coupled with the owners intensive law enforcement background, is a perfect marriage to introduce the FriskerPRO(R) to this locality. Furthermore, Athena Police Supply combines their expertise in law enforcement with their training in Criminal Justice Standards and Training Commission (CJSTC) allowing them the ability to teach in several high liability areas.
Daniel O'Riordan, President and Chief Executive Officer of Paradigm Tactical Products, said, "Athena Police Supply is a strong liaison between new customers, within and beyond this region, with their ability to effectively communicate the benefits of the FriskerPRO(R) hand worn metal detector. Due to the owner's extensive law enforcement background, Athena Police Supply brings wisdom and skill to the sale of the FriskerPRO(R) and we are proud to have them on our team endorsing our product. The FriskerPRO(R) has continued to make great strides throughout the marketplace, and we believe Athena Police Supply is an ideal candidate to help perpetuate excitement while enhancing the safety of our officers."
Brian Sauls, Owner of Athena Police Supply said, "The addition of the FriskerPRO(R) to our product lines has resulted in a Q3 06 increase in sales of approximately 15% over Q3 05. Early numbers indicate a similar increase for Q4 06 as well. Being a FriskerPRO(R) dealer has allowed us access to previously untapped markets, and has helped increase sales of unrelated items as a result of marketing the FriskerPRO(R). As owner of the company the increased sales and profits prove the FriskerPRO(R) is a good investment. As a law enforcement officer I realize the importance of quality products, any tool that can save your life is a GREAT investment. The FriskerPRO(R) should be in every detention facility and patrol vehicle." For more information, visit: http://www.athenapolicesupply.com/
About Athena Police Supply: Owned and operated by full time police officers, and a full service Military, Police & Public Safety Supply company committed to offering the finest in name brand equipment & supplies at seriously discounted prices and specializes in products for women police officers.
About Paradigm Tactical Products
Paradigm Tactical, based in Georgetown, Massachusetts, is a leading provider of non-lethal defense and homeland security solutions to corrections, law enforcement and security industry. The Company acquired the exclusive transferable license to manufacture, market, and sell the FriskerPRO(R). As the heightened attentiveness to terrorist and other security threats continue to increase, Paradigm Tactical is meeting the higher demand for security and inspection systems. The Company has sold over 3,000 FriskerPRO(R) and is currently used or tested by thirteen Federal departments and agencies, twenty state law enforcement and correctional agencies and eight local agencies. For more information, visit: http://www.paradigmtactical.com/ .
Paradigm Tactical Products Daniel O'Riordan, 866-FRISKER Chief Executive Officer Dano*paradigmtactical.com
Source: Business Wire (December 5, 2006 - 10:03 AM EST)
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SMRL (.32) Acquires Sole Ownership of Justice Digital Solutions
Business Wire "US Press Releases "
NORCROSS, Ga.--(BUSINESS WIRE)--
Simtrol, Inc. (OTCBB: SMRL), a leading device control middleware provider, today announced it has acquired 100% ownership of Justice Digital Solutions, LLC (JDS) in an agreement with Integrated Digital Systems, LLC.
JDS develops and sells Curiax Arraigner(TM), a unique digital arraignment software solution that builds on the successful implementation of OakVideo, a CIO Magazine Top 100 Award winning application (www.oakgov.com/about/news/pr_06_94.html) developed by Oakland County, MI. In a technical and licensing relationship with Oakland County, JDS is advancing this application as part of a national rollout in partnership with IBM and Polycom. Curiax Arraigner leverages Simtrol's powerful device control and monitoring middleware and IBM's WebSphere and Rich Content Infrastructure software as part of its solution stack.
In a November 12th editorial in The Oakland Press, Oakland County stated 10,000 warrants have been issued using the solution, resulting in $1.5 million in local police officer time savings. They also estimate savings of $3.9 to $4.0 million per year using the solution for conducting digital arraignments, resulting in the system paying for itself in one to two years. A full text of the editorial is located at www.theoaklandpress.com/stories/111206/opi_2006111228.shtml.
Simtrol's Chief Executive Officer, Rick Egan, commented: "We have examined several vertical markets to leverage Simtrol's core technology and have found a killer application to drive significant revenue. Based on Oakland County's strong return on investment and the scalability of our Curiax(TM) software, each of the nation's 3,143 counties is a potential customer. Varying with county populations, Curiax solutions - consisting of hardware, software and services - will cost between $250,000 and $6 million and be implemented by our channel partners. This equates to a total market size of approximately $3 billion for digital arraignment products, of which $1 billion is software. In a post-September 11th world where our law enforcement officials are directed to do increasingly more to protect citizens, Curiax allows redeployment of officers to street duty to increase first responder capabilities, while providing an average return on investment of 12 to 18 months. This is a powerful combination of customer and cost benefits for this multibillion dollar market."
In addition to the rapid redeployment of police officers, JDS customers will experience numerous other benefits similar to Oakland County including: increased safety at courts, jails, and holding cells by virtually eliminating offender transport, with a corresponding reduction in potential liability; demonstrable return on investment for counties by reducing costs of incarceration, transportation, and payroll costs; and, increased productivity by enabling law enforcement agencies to prepare booking documents online and create digital case files on a central server.
The company also announced it has hired Stephen J. Kale as the Chief Legal Officer of JDS. Mr. Kale is a graduate of the University of Michigan Law School with 28 years experience as a practicing attorney. Mr. Kale has maintained a private practice for the past 15 years in addition to his role as a consultant for program design and interface to law enforcement, prosecutorial and court personnel for Oakland County's OakVideo project.
Mr. Egan stated: "We are thrilled to have Steve join our team because his unique law and technology background made him a great fit for Oakland County's OakVideo project. This experience will be invaluable to JDS as we rapidly advance our software and channel partner program in 2007."
About the Companies
Simtrol, Inc. is headquartered in Atlanta and develops and sells a unique form of device control middleware that ties devices to applications using open standard interfaces. This enables companies to control, monitor, diagnose, schedule and manage devices in a powerful, uniform way. The Company's products are used in a number of vertical markets including healthcare, law enforcement, digital signage, education, corporate, hospitality and residential. Simtrol sells to a number of Fortune 1000 corporations, government entities, educational systems and other end users through professional system integrators, value added resellers (VARs) and other distributors who are supported by the Company's sales and technical support staff. For more information about Simtrol, please visit www.simtrol.com.
Justice Digital Solutions develops and sells Curiax(TM), a digital judicial arraignment solution based on the success of a deployment in Oakland County, Michigan. In a unique technical and licensing relationship with Oakland County, JDS is advancing this application as part of a comprehensive digital arraignment solution. JDS markets to county governments in the United States and foreign governments around the world. For more information about Justice Digital Solutions, please visit www.justicedigital.com.
The digital arraignment platform was developed to avoid the dangerous and costly logistical problems associated with the transport of prisoners and the overcrowding of court dockets. By integrating multipoint videoconferencing, digital document management, digital signatures and evidence into a unified platform, the solution substantially reduces the time and money associated with transporting prisoners to and from court for arraignments, while significantly improving court security and lowering law enforcement costs.
Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; (iv) the Company's new or future product offerings. The words "may," "would," "could," "will," "expect," "estimate," "anticipate," "believe," "intend," "plans," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are liquidity and other capital resources issues, fluctuations in its quarterly results, competition and the other factors discussed in detail in the Company's filings with the Securities and Exchange Commission.
ONGOER is a trademark of Simtrol. Curiax and Curiax Arraigner are trademarks of Justice Digital Solutions, LLC. All other brands, logos, products or company names are the copyrights and/or trademarks of their respective holders.
Source: Simtrol, Inc.
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USSE (.285) Company to Offer Green Power at Substantial Discounts NATCHEZ, MS -- (MARKET WIRE) -- December 05, 2006 -- U.S. Sustainable Energy Corp. (PINKSHEETS: USSE) announced today that it has requested a beneficial stockholder ownership list at the close of business Friday Dec. 1st, 2006. All owners of USSE stock as of Friday Dec 1st, 2006 will automatically be issued on a one-for-one basis one share of USSE's subsidiary company Sustainable Power Corp. (SPC) USSE has been exploring the numerous various vehicles available to make this distribution as well as regulatory filings needed to register the common shares that will be distributed to the stockholders. USSE will be updating shareholders, brokerage firms, and related entities that hold USSE shares on or about Wednesday January 3, 2007 as to the newly available trading symbol for Sustainable Power Corp., the assigned transfer agent, and other related information pertinent to this issuance.
John Rivera, CEO of USSE, stated, "Sustainable Power Corp. was established earlier this year as a wholly owned subsidiary focused on Green Power generated from the recycled biomass and biofuel waste products from USSE's organic 7-3-7 fertilizer production. We are able to offer Green Power electricity to customers at rates at least 10% less than current market. USSE forecasts an exponential growth in demand for Green Power over the coming years, and maintains the competitive edge of being able to produce extremely low-priced Green Power on demand. Fueling this surging demand for our Green Power is the Resource Conservation and Recovery Act in the US and the Kyoto protocol for the rest of the world. (http://www.eia.doe.gov/oiaf/kyoto/execsum.html)
As previously announced, Mr. Kelmer R. Smith has been appointed as President of Sustainable Power Corp. Mr. Smith formerly served as President of Mississippi operations for IC Thomasson Associates, Inc. (ICT) www.icthomasson.com. Mr. Smith will manage design and construction of future USSEC production and SPC power plants. Mr. Smith is a professional engineer licensed in five states, a Certified Energy Manager (CEM) and Certified Energy Procurement (CEP) Professional. He has over 22 years of diversified engineering and project management experience in the petrochemical, power generation and consulting engineer industries.
About U.S. Sustainable Energy
USSEC holds patent pending technology for a new breakthrough biofuel and carbon based fertilizer. USSEC has successfully demonstrated the most cost effective method of producing biofuel estimated at $.50/gallon according to exhaustive studies and independent Lab confirmation. The company has developed the process, units and catalyst that will transform agricultural biomass into biofuel and fertilizer. This technology offers a solution for foreign oil dependence, balancing industrial and agricultural concerns with environmental issues and stabilizing and eventually reversing global greenhouse gas emissions. USSEC's research and development has successfully demonstrated the core technology in its fully functional facility located in Port Gibson, MS. The company is currently pursuing fully scalable implementation and deployment at further locations. Unlike other biomass gasification, the USSEC process can operate at a variety of scale, converting even waste biomass into fuel and fertilizer. The fuel produced will ultimately be more valuable than ethanol or methanol, and the USSEC process can convert biomass materials at an efficiency that cannot be matched by currently planned operations. In addition, unlike virtually all other approaches for biomass to energy, which deplete soil nutrients, the USSEC process restores and enhances soil mineral and carbon content. As a direct result of this revolutionary approach to integrated energy and fertilizer production from biomass, the USSEC process effectively removes Greenhouse Gases from the atmosphere, and can do so profitably before the value of Green Certificates and Carbon Credits are considered.
For further information on the company, please visit www.ussec.us
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press release and some oral statements are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-Looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-Looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and the Company has no specific intention to update these statements.
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EGLF (.185) E21 Golf Company Space Shot Shatters NASA Predictions
Market Wire "US Press Releases "
TORONTO -- (MARKET WIRE) -- 12/05/06 -- Element 21 Golf Company ("E21") (OTCBB: EGLF) & Frankfurt (FWB: BJQ) is pleased to report that the golf shot by Mikhail Tyurin off the International Space Station on Thanksgiving Day has exceeded NASA predictions of a 3 day orbit, and continues to extend its record-breaking flight.
The E21 golf ball is one of the smallest objects in orbit around the Earth that is being tracked on a real time basis. The exact location of the ball at any moment can be viewed at http://www.e21.ca/golf_ball_tracking/.
Mikhail, who has only played golf twice in his life, hit the ball using both arms, unlike Alan Shepard's one handed golf shot on the moon. "OK, there it goes," Mr. Tyurin noted with satisfaction. "It went pretty far. It was an excellent shot." By the end the day, the ball will have traveled over 6,000,000 miles. Every additional second of flight adds about 6 miles of distance.
Like many earthbound golf enthusiasts, his tee time was delayed, although it was not due to slow play by a foursome ahead. For nearly an hour, Mr. Tyurin worked on a kink in the cooling line to his makeshift $6 million golf outfit before he was ready to exit the ISS Golf Club house, when notably he spent another 16 minutes setting up the shot and looking around, savoring the moment, waiting to tee off for the first time on the 30 billion dollar driving range. Mikhail Tyurin used a gold-plated E21 six-iron and golf ball. Gold plating was required for the ball to make it highly reflective for laser tracking.
Mikhail may be able to answer your questions about playing golf on the International Space Station. Please address your email to mikhailtyurin*e21golf.com, or visit www.e21golf.com.
The ISS exterior camera used to broadcast the event was not in a position to offer a good view of the event. Additionally, E21's own camera was positioned just behind the tee, and filmed the event, footage of which will be made available through Element 21 Golf Company.
About Element 21 Golf Company:
Element 21 Golf Company is a Delaware company trading on the OTCBB and the Frankfurt Stock Exchange (FWB) with offices in New Jersey, USA and Toronto, Canada. E21 holds the exclusive right to manufacture golf products using its proprietary E21 Scandium Metal Alloy. Simply put, E21 clubs are using next-generation technology that delivers marked improvements in distance, consistency, accuracy and feel over any of the most popular products in the $5.5 billion U.S. golf equipment marketplace.
Based on this superior performance, a number of high profile golf professionals have switched to or have begun testing E21's Eagle One shafts in recent months.
E21 Scandium Metal Alloy is the secret behind this advanced performance. Originally developed for advanced aeronautics in jet fighters such as the MiG, it is 55% lighter and offers a 25% greater strength-to-weight advantage over Titanium alloys, the current standard in the golf equipment industry. E21 Scandium Metal Alloys allows greater freedom to move more weight to the perimeter of the club face in woods and hybrids than any other metal, resulting in a significantly larger sweet spot than any other club head. Additionally, E21 Scandium Metal Alloy shafts are almost perfectly symmetrical at 99.5-99.9%, compared to 60-78% typical in graphite shafts and 80-85% for steel.
E21 Golf - Better Science, Better Performance.
Forward-Looking Statements:
Statements in this release, other than statements of historical fact, may be regarded, in certain instances, as "forward-looking statements" pursuant to Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934, respectively. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties which could cause actual results or events to differ materially from those currently anticipated, including but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting E21 and its business. A number of these risks and uncertainties are described in E21's periodic reports filed with Securities and Exchange Commission. There can be no assurance that such forward-looking statements will ever prove to be accurate and readers should not place undue reliance on any such forward-looking statements contained herein, which speak only as of the date hereof. E21 undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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MLHP (.017) Announces a Major Plant Cell Culture Discovery-the Development of Parthenolide-Free Feverfew
Canada NewsWire "All News "
MONTREAL, QC and WILMINGTON, DE, Dec. 5 /CNW Telbec/ - Millenia Hope Biopharma a related company to Millenia Hope Inc. (FRANKFURT: MLF - NASDAQ: OCTBB: MLHP) announced today that it has made a major breakthrough in the cell culture production of Feverfew, a plant whose extracts are used in the cosmetic industry. Feverfew (Tanatecum parthenium) extracts have long been used in natural medicine and the cosmetic industry. However, because of allergic reactions to parthenolide, a major component of the extract, the cosmetic industry has long sought Feverfew extracts that are parthenolide free. Using advanced plant cell culture technologies, Millenia Hope Biopharma has developed a process that produces parthenolide-free extracts. This will make it an ideal ingredient for creams and lotions for the cosmetic industry that focuses on natural plant based ingredients with useful pharmacological properties.
Millenia Hope Biopharma has applied for a patent to protect the industrial process for the production of this novel Feverfew extract. Dr. Bahige M. Baroudy, President and Chief Scientific Officer of Millenia Hope Inc., said, "We are elated that our R&D team was successful in a very short period of time of achieving this milestone of developing an entirely new product. This is a great validation of our Phytomics Technologies. Unlike Feverfew extracts that are obtained directly from plants, our extract is odourless, beige in color and partenolide-free that makes it much more attractive to the cosmetic industry. We have mounted a major endeavour to unravel new properties of our Feverfew extracts. We are confident that this new Feverfew extract will find more applications in the cosmetic industry than already anticipated. Our company and others have been looking for parthenolide-free Feverfew and today's announcement demonstrates our commitment to develop new and practical application of Phytomics, our proprietary plant cell culture platform."
ABOUT MILLENIA HOPE INC & MILLENIA HOPE BIOPHARMA:
Millenia Hope develops innovative treatments and products that enhance the quality of life. We are dedicated to fight major infectious diseases, and promote healthier living. Our team is committed to research and development to deliver on global medical needs and to bring hope through healthcare solutions. Founded in 1997 the company has initially focussed on the need to bring safe and affordable plant based therapies to market for major third world diseases such as malaria and HIV. The first product in this series is Malarex MMH18. Millenia is also pursuing inhibitors of HIV RNase H (patent application pending). Successful development of a drug that targets HIV RNase H will play an important role in the treatment of HIV/AIDS patients who have become resistant to current therapy. www.milleniahope.com
Millenia Hope Biopharma (MHB) a related company to MHI, founded in 2000, is the world's leading bioresearch firm in Phytomic Technologies, commercializing plant cell-based bioprocesses for the discovery, development and production of natural and novel plant-derived products for the pharmaceutical, cosmetic and nutraceutical industries. Avance Pharma has spent over US$25 million in developing its unique proprietary Phytomics Technologies which now belongs to MHB, including the world's largest collection of highly purified phytochemical fractions to be utilized in the pharmaceutical, cosmetic and nutraceutical industry. MHB also provides a plant based drug discovery platform designed for High Throughput Screening and is currently working with a number of leading multinational corporations such as Pierre Fabré Médicaments. www.mh-b.com
SAFE HARBOR STATEMENTS:
Certain statements made in this release may contain language describing the plans, goals, strategies, intentions, forecasts, and expectations of Holley Pharmaceuticals Company Inc. that may be referred to as "forward- looking statements." Several important factors could cause actual results to differ materially from those in such forward-looking statements and Holley Pharmaceuticals Company Inc. could encounter unanticipated obstacles and delays in developing products, services and markets.
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NWOG (.06) Declares That the Company Is on the Final Stage of Purchasing OAO "NK Saratovneftegeofizika"
Market Wire "US Press Releases "
MOSCOW -- (MARKET WIRE) -- 12/05/06 -- The president of North-West Oil Group (PINKSHEETS: NWOG) Mr. Ernest Malyshev declares that the company is on the final stage of purchasing OAO "NK Saratovneftegeofizika", which is oil, gas and condensate producing company located in the lower Volga basin within Saratov area, which is a mature petroleum region of Russia. According to technical opinion OAO "NK Saratovneftegeofizika" has the following total reserves:
The quality of the produced oil from these deposits shall obtain a premium price per barrel and this will economically provide a most efficient return. Natural gas will be exported to the GAZPROM network via a 1.7 km pipeline. In given opinion of experts by investing $ 5-10 million during 3 years, cost of the asset is going to reach $100 million.
The president of the company Mr. Ernest Malyshev connected the appearance of great volume sales of the shares on American market, according Pink Sheets 33,010,412 for the last two days of trading with the information mentioned above. The reason of purchasing the shares is caused by forecasts of significant growth cost of the share in the near future and increase of capitalization, in connection with purchasing of the new assets.
He has also added: "We are sincerely glad, that such great volume sales of the shares presented for last two days, undoubtedly, displays interest of public to the company and to the assets located in Russian Federation. We are extremely afflicted with the mistrust of those investors, who urgently sell out the shares, being blind to the future prospects of growth and development of the company and we welcome investors, who are purchasing the shares and we promise they stay satisfied with this acquisition."
About North-West Oil Group (formerly Nord Oil International)
North-West Oil Group is a non-reporting, publicly traded Oil & Gas company trading under the ticker symbol NWOG on the U.S. Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA. The company presently produces over 120,000 Metric Tons of crude oil yearly.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Maria Romanova North-West Oil Group Tel: +7 495 621 1115 E-Mail: maria*szng.ru Web: www.szng.ru
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SIDY (.045) Third Quarter Revenues Up 34% to $1.49M, Nine-Month Revenue Up 29% to $4.18M
PR Newswire "US Press Releases "
PENNSAUKEN, N.J., Dec. 5 /PRNewswire-FirstCall/ -- Science Dynamics Corporation (OTC Bulletin Board: SIDY), a provider of advanced technological solutions to key government agencies and enterprise customers, announced today that its revenue in the third quarter ended September 30, 2006 increased 34% to $1.49 million, compared to $1.12 million in third quarter of 2005. Total revenues for the nine months ended September 30, 2006 increased 29% to $4,179,360, compared to $3,248,699 for the nine months ended September 30, 2005.
Third quarter revenues in the company's product segment increased by approximately $60,000 over the same period last year, or 22%, to $333,000. Third quarter service revenues increased $315,000, or 37%, to $1,162,000 year over year. Nine-month revenues in the company's product segment were $1,135,000, an increase of 10%, or approximately $107,000, compared to the same period last year. Nine-month service revenues were $3,045,000, an increase of $825,000, or 37%, year over year. The increase in service revenue for both the three and nine months ended September 30, 2006 included approximately $220,000 in revenue from Ricciardi Technologies Inc. (RTI), which was acquired on September 19, 2006 and is included in the company's revenues for only a partial month. Gross margin for the quarter improved to 57.3% from 42.9% in the comparable period a year ago. Gross margin for the nine-month period improved to 56.2% from 50.4% in the comparable period of 2005. This increase was driven primarily by an improvement in the gross margin for the services segment.
The company had operating income of $92,000 for the third quarter of 2006, compared with an operating loss of $293,000 for the comparable period of 2005. For the nine-month period in 2006, the company had operating income of $303,000, compared to an operating loss of $617,000 for the comparable period in 2005.
The company's operating income reflects non-cash depreciation and amortization expenses, which are included in selling, general and administrative expenses. Although operating income, adjusted by adding back non-cash depreciation and amortization expenses, is a non-GAAP performance measure, the company believes that it is a meaningful measure of its operations. This adjusted operating income was $148,000 for the third quarter of 2006, compared with an operating loss of $262,000 for the third quarter of 2005, and $508,000 for the nine months ended September 30, 2006, compared with an operating loss of $526,000 for the comparable period of 2005.
The company incurred a $16.9 million derivative expense associated with an instrument sold in the company's financing with Barron Partners for both the three and nine months ended September 30, 3006. As a result, the company incurred a net loss for the quarter of $17.3 million, or $0.14 per share (basic and diluted), compared to net income of $194,728, or less than $0.01 per share (basic and diluted) for the third quarter of 2005. For the nine- month period, the company sustained a net loss of $17.3 million, or $0.17 per share (basic and diluted), as contrasted with a loss of $723,000, or $0.01 per share (basic and diluted) for the nine months ended September 30, 2005. The net income (loss) for the three and nine months ended September 30, 2005 has been restated to correct the accounting for derivative financial instruments to conform to the requirements of Statements of Financial Accounting Standards.
CEO Paul Burgess said, "During the quarter, we issued to Barron Partners a convertible note in the principal amount of $4.5 million and warrants to purchase 125 million shares at $0.05 per share and 125 million shares at $0.125 per share, which enabled us to acquire RTI and accelerate our operational momentum. We realized a revenue contribution from RTI in the third quarter of 2006 despite closing on that acquisition only two weeks prior to the quarter's end. This private placement, while providing us with the funds to make the RTI acquisition, also resulted in a non-cash $16.9 million derivative expense which impacted our net income in the three and nine months ended September 30, 2006.
"The success of our strategy to become a solutions provider continues to be evident in our segment results. We were also able to boost gross margins significantly in the quarter and further decreased our SG&A expenses as a percent of revenues," Burgess said.
Chief Financial Officer Joe Noto said, "Gross profit for the third quarter was $856,174, an increase of 78% from 2005. Our overall gross margin percentage increased significantly over the period a year ago as we shifted toward higher-margin fixed price contracts in our services segment and successfully coupled application development with product sales. We believe our third quarter income from operations reflects our ability to scale and control costs as we expand our existing contracts."
A copy of the financial statements follows.
About Science Dynamics Corporation
Science Dynamics Corporation (SciDyn) is a provider of advanced information and communications technology to the government and commercial markets. The company's technology services division designs, deploys and manages advanced technological solutions at key government agencies and mid- to large-sized enterprises. SciDyn's technology products division consists of several core proprietary platforms used to develop customized software applications with military grade security in multiple vertical markets. For more information, visit http://www.scidyn.com.
For investor relations information regarding Science Dynamics, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info*hawkassociates.com. An online investor relations kit including copies of press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com.
Forward-Looking Statements: Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about Science Dynamics' business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those risks discussed from time to time in the company's filings with the Securities and Exchange Commission, including the Risk Factors in the Form 10-K for the year ended December 31, 2005 and Management's Discussion and Analysis of Financial Condition and Results of Operations included in the Form 10-K for the year ended December 31, 2005 and the Form 10-Q for the quarter ended September 30, 2006. In addition, general industry and market conditions and growth rates, and general economic conditions and competitive conditions, particularly those relating to the our working capital and the market for our products and services and our dependence on government and government-related business, regulatory matters and other factors could affect such statements. Any forward-looking statement speaks only as of the date on which they are made, and the company does not undertake any obligation to update any forward- looking statement to reflect events or circumstances after the date of this release.
SCIENCE DYNAMICS CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS
September 30, December 31, 2006 2005 Unaudited Audited ----------- ----------- ASSETS Current assets: Cash and cash equivalents $392,406 $53,997 Accounts receivable - trade 1,788,608 706,255 Inventories 86,006 6,049 Other current assets 965,776 190,581 ----------- ----------- Total current assets 3,232,796 956,882 ----------- ----------- Property and equipment, net 1,698 35,279 Goodwill 9,043,302 2,063,833 Other Intangibles, net 907,040 1,077,110 Other assets 122,779 19,213 ----------- ----------- Total assets $ 13,307,615 $4,152,317 =========== =========== LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) Current liabilities: Customer deposits $15,000 $150,199 Accounts payable 680,863 986,505 Accrued expenses 972,720 1,084,555 Deferred revenue 137,493 -- Current maturities notes payable 1,794,775 2,667,942 Derivative liability 23,028,141 462,462 ----------- ----------- Total current liabilities 26,628,992 5,351,663
Minority Interest 108,554 78,316
Shareholders' equity - (Deficit) Preferred stock - .01 par value 10,000,000 shares authorized -- -- No shares issued Common stock - .01 par value, 200,000,000 shares authorized, 167,106,567 and 89,841,498 issued 166,980,767 and 89,715,698 outstanding in 2006 and 2005 respectively 1,671,066 898,415
Additional paid-in capital 23,205,643 18,800,980
(Deficit) (37,908,807) (20,579,224) ----------- ----------- (13,032,098) (879,829) Common stock held in treasury, at cost (397,833) (397,833) ----------- ----------- Total shareholders' equity (deficit) (13,429,931) (1,277,662) ----------- ----------- Total liabilities and shareholders' equity $ 13,307,615 $4,152,317 =========== ===========
SCIENCE DYNAMICS CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
Nine Months Ended Three Months Ended September 30, September 30, 2006 2005 2006 2005 "As Restated" "As Restated" Sales - Technology Products $1,134,690 $1,027,779 $332,804 $272,565 Sales - Technology Services 3,044,670 2,220,920 1,161,995 846,570 ---------- ---------- ---------- ---------- Total Sales 4,179,360 3,248,699 1,494,799 1,119,135
Cost of Sales - Technology Products 400,253 334,663 130,433 120,657 Cost of Sales - Technology Services 1,432,116 1,277,563 508,192 517,322 ---------- ---------- ---------- ---------- Total Cost of Sales: 1,832,369 1,612,226 638,625 637,979
Total Gross Profit 2,346,991 1,636,473 856,174 481,156
Operating Expenses: Research and development 327,474 323,063 109,205 127,097 Selling, general and administrative 1,716,505 1,930,264 655,309 647,085 ---------- ---------- ---------- ---------- 2,043,979 2,253,327 764,514 774,182
Operating income (Loss) before other income (expenses) 303,012 (616,854) 91,660 (293,026)
Other income (expenses): Interest expense (409,510) (373,727) (144,756) (148,599) Settlement of events of default -- (262,667) -- (120,000) Extinguishment loss (158,266) -- (158,266) -- Derivative income (expense) (16,921,159) 516,661 (16,934,604) 756,353 Other income 13,505 -- -- -- Finance expense (126,927) -- (110,618) -- Minority interest (30,238) 13,717 (16,217) ---------- ---------- ---------- ---------- Total Other Expense (17,632,595) (106,016) (17,364,461) 487,754 ---------- ---------- ---------- ---------- Net(Loss) $(17,329,583) $(722,870)$(17,272,801) $194,728 ---------- ---------- ---------- ---------- Net Loss per Common Share -Basic $(0.17) $(0.01) $(0.14) $0.00 Net Loss per Common Share -Diluted $(0.17) $(0.01) $(0.14) $0.00
Weighted average shares outstanding -Basic 102,351,898 82,537,162 119,628,787 89,016,140 Weighted average shares outstanding -Diluted 102,351,898 82,537,162 119,628,787 92,577,140
SOURCE Science Dynamics Corporation
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NMKT (.285) CEO Purchased 1 Million Shares on Open Market
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
NewMarket Technology, Inc. (OTCBB:NMKT) today announced the update of its officer and director stock ownership reporting. The filings with the SEC will include the purchase of 1 million shares by the CEO and Chairman, Philip Verges. A letter to shareholders from the Company CEO is included in its entirety below to supplement the required reporting explanation of officer and director ownership.
Dear Fellow Shareholders:
NewMarket has until now hesitated in its issuance of stock to officers and directors, in addition to delaying the initiation of a management and director stock purchase plan. NewMarket has grown rapidly over the last five years and the management team and the makeup of the board have expanded rapidly with several changes along the way. Additionally, the Company has considered a number of capital structure transactions that further impacted potential management and director stock compensation and purchases. The Company is now finalizing its stock compensation plan and moving forward with its management and director stock purchase plan. Accordingly, all appropriate reports are being filed.
Philip Verges Current Stock Ownership from VTI Participation
My current ownership with the exception of my recent purchase is entirely held within VergeTech, Inc. (VTI). VTI received stock through the sale of its assets to NewMarket in 2002. VTI subsequently received more NewMarket stock by providing financing to NewMarket. I am currently the only officer and director of VTI. Accordingly, all VTI ownership is reported under my name as the individual that would vote the rights of the stock. I am a substantial, but minority shareholder of VTI. I have never sold NewMarket stock on VTI's behalf, nor have I sold NewMarket stock on my own behalf.
CEO Purchase of 1 Million Shares
My partners in VTI and myself are the largest beneficial owners of NewMarket stock and arguably the largest investors. Again, all stock owned by the VTI partners has been exchanged in return for cash invested in NewMarket or assets moved into NewMarket. My separate purchase of 1 million shares is part of the management and director stock purchase plan and is also a demonstration of my continued confidence in NewMarket's business plan and prospects for the future.
Expanded Purchase Plans
VTI has a long-term strategy for NewMarket. Accordingly, VTI has no near-term plans to sell NewMarket stock. On the contrary, VTI intends to further invest in NewMarket and anticipates increasing its current ownership position.
The Section 16 reporting requirements include a number of forms to be completed and filed. It is our intention to complete and file all forms prior to our Annual Town Hall Meeting on Thursday December 7th.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT), Cisco Systems (Nasdaq:CSCO), Hyperion Solutions (Nasdaq:HYSL), SAP (NYSE:SAP), Siebel (Nasdaq:ORCL) and Sun Microsystems (Nasdaq:SUNW). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Source: NewMarket Technology, Inc.
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RXPC (.025) Announces $1 Million Material Contract Signed with Affiliate Biz Club Ltd.
Business Wire "US Press Releases "
WILMINGTON, Del.--(BUSINESS WIRE)--
Rx Processing Corporation (OTC:RXPC) announces a material contract with Affiliate Biz Club Ltd., for an exclusive sales agreement to license our Prescription Medication network in a six state territory. This Strategic move further expands our distribution into the Midwest United States while maintaining our continuing focus on supporting independent pharmacies. This action of selling state affiliate territories in conjunction with Affiliate Biz Club Ltd. allows us to rapidly deploy aspects of our innovative health care network in a relatively short time in furtherance of our support for remaining local re-importation storefronts increased profitability.
Affiliate Biz Club Ltd. gains sole and exclusive rights to license affiliate territory companies within these states. To the benefit of both parties we defined our terms clearly, requiring a minimum licensing fee of $20,000 with affiliates receiving a 15% commission on gross sales and a required minimum yearly sales volume of $200,000 per affiliate.
"I am excited to announce this contract and recognize the benefits of additional distribution outlets to provide prescription medications for Rx Processing Corps's Advocates," stated Peter Fiorillo. "Additionally, Affiliate Biz Club Ltd. and Rx Processing Corp. are in the process of finalizing a significant laboratory services contract, with an anticipated closing date on or before the 10th of December 2006."
O/S: 61,633,577
Float: 21,744,502
Shareholders: 455
Rx Processing Corp. is an innovator in the distribution of pharmaceutical medications and laboratory diagnostics managed at storefront locations with a direct to consumer delivery business model for under and uninsured clients' health care needs. Our technology platform services the needs of U.S. citizens with our secure RxPC advocacy program, independent pharmacy consultant program, and corporate friendly ordering system for laboratory testing and prescription medications through licensed pharmacies in the United States and CLIA-certified patient service centers. The company provides access to FDA approved brand-name and generic medications, thousands of laboratory diagnostics with access to 4,000+ CLIA-certified patient service centers for specimen collection. Rx Processing Corp. estimates that more than 48 million United States citizens would benefit from these company programs.
Safe Harbor Statement
All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including those about the company's future expectations, revenues and earnings, and all other forward-looking statements (i.e. operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.
Source: Rx Processing Corporation
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