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Author Topic: PR for AFTERHOURS and WEDNESDAY APRIL 18th
J_U_ICE
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VTSI(.044) Files 2006 Annual Report
Apr 17, 2007 6:12:00 PM
HOUSTON, April 17 /PRNewswire-FirstCall/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI) today filed its audited 2006 10-KSB annual report with the Securities and Exchange Commission.

Total revenue reported for the year was $1,887,768, up 93% compared to $977,358 one year ago. Net loss for 2006 improved by 26% to $(1,473,507), or $(0.02) per share, compared to net loss of $(1,995,056) or $(0.03) per share, in 2005.

"Sales orders increased significantly during the last two quarters ending the year stronger than ever before," stated Major General Perry V. Dalby (USA- Retired), VirTra Systems' chief executive officer. "During 2006, VirTra Systems expanded its simulator customer base to include every branch of the United States military, received strong international sales, completed an important strategic sales and marketing partnership, gained new Immersa- Dome(TM) advertising/promotional system orders, developed new products, enacted effective corporate streamlining initiatives, and increased its authorized capital after shareholders overwhelmingly approved the measure in a successful proxy vote.

"Sales orders during the latter part of 2006 increased significantly. VirTra Systems received IVR(R) small arms simulator orders from the United States Marine Corps and the Navy, and upgrade orders from the Army and Air Force. In addition, orders received from Raytheon Missile Systems, the U.S. Marshals Service, and better than expected sales from Mexico made 2006 the best year ever with orders in excess of $2.5 million.

"Our strategic partnership with Ti Training saw VirTra Systems' entry into the single-screen simulator market and the receipt of its first order for 10- systems. Moreover, sales orders in general have continued increasing into the first quarter of 2007.

"New promotional sales during 2006 included projects for Fortune 500 clients and the U.S. Navy as well as returning customers such as Pfizer Pharmaceutical. Also, VirTra Systems' application of virtual reality for medical treatment simulation with its specially modified IVR 180 simulator for Case Western Reserve University's speech pathology treatment and training research project was installed and received important press coverage from PBS (clip available at http://www.virtra.com ), and continues to be a very promising new application of our immersive technology.

"New product innovation continued in 2006 with the completion of a new feature-rich single-screen simulator, and the release of Threat-Fire(TM) belt version 2.0 with improved features. Plus, our research and development led to the 2007 launch of our new borderless screen technology.

"Additionally, with an increase to our authorized capital passing during the last quarter of 2006, we have set the stage to fund increased production and fuel future corporate growth. Important progress was also made in the area of corporate streamlining including the sale of our Phoenix location and the subsequent move to our improved Tempe production facility and showroom.

"With sales order momentum continuing into this year, and our unique Immersive Virtual Reality(TM) systems gaining important footholds in diverse markets worldwide, I remain optimistic this trend will continue into the fall 'high-season,' and expect continued growth during 2007," Major General Dalby concluded.

About VirTra Systems

Utilizing patented technology, VirTra Systems sells situational awareness firearms training systems to military agencies such as the U.S. Army, Navy, Air Force, Marines, and Department of Defense, and to national and international law enforcement agencies. The company also produces multisensory promotional virtual reality systems and 3-D theaters for clients such as General Motors, Pennzoil, Red Baron(TM) Pizza, and the U.S. Army. For more information, visit http://www.virtra.com .

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. VirTra Systems urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.

Media Relations:
VirTra Systems, Inc.
Steve Haag, vice-president
of investor relations
Houston, Texas
(832) 242-1100
shaag*virtra.com
SOURCE VirTra Systems, Inc.


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The difference between genius and stupidity is that genius has its limits

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J_U_ICE
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HBSC(.08) Signs Land Lease with Port of Morrow for the Proposed Construction of Ethanol and Bio-diesel Renewable Fuel Facilities

Market Wire "US Press Releases "

PALO ALTO, CALIFORNIA -- (MARKET WIRE) -- 04/17/07 -- (OTCBB: HBSC) - Human BioSystems ("HBS") announced today that HBS BioEnergy ("HBSE"), its wholly owned subsidiary, has signed a land lease with the Port of Morrow in Boardman, Oregon for the proposed construction of both an ethanol plant and a bio-diesel facility. Both are considered renewable fuel facilities.

The terms of the lease call for a 20 year lease with 10 successive renewable options totaling an additional 50 years if exercised. The lease also provides for an initial three-month feasibility period and an additional three-month extension, allowing HBSE to conduct further due diligence on the suitability of the site for HBSE's intended purpose to build a 100 million gallon ethanol and a 50 million gallon bio-diesel facility on the leased property.

The growing demand for renewable fuel and the current limited supply combine to drive market needs for similar operations. It is believed that bio-diesel is also especially well suited to help diminish the carbon footprint that is a major contributor to the process of global warming.

Both projects will take advantage of HBS BioEnergy's recent joint venture and affiliation with Agri-Mass Enviro of Visalia, California to supply the facilities with thermal and electrical energy costs that management believes will be 50%-80% below typical facilities that are fueled by natural gas. HBSE also plans to employ a value added process platform that is designed to provide greater financial risk mitigation compared to standard facilities, by producing value added salable end products in addition to ethanol and bio-diesel fuels.

The President of HBSE, Claude Luster III, said "The location and logistical attributes of the 90-acre Port of Morrow site will help give HBSE an advantage in most cost effectively producing these fuels and delivering them to consumers especially on the west coast of the United States.

Governmental support for the establishment of this type of novel approach should help reduce our demand for oil-based fuels, which are generally produced in regions of the world with unstable political profiles."

Mr. Luster further went on to state, "In combination with the Port of Morrow site, our cost-mitigating approach and vertically integrated technology are perfectly adapted for the production of these bio-fuels and should allow HBSE to compete effectively in this rapidly growing industrial market."

HBS BioEnergy is in the business of bio-fuel production, with a team focused on locating, constructing and operating bio-fuel facilities using cutting-edge technologies. The Company has offices in Fresno, California.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, failure to successfully complete the due diligence process during the feasibility period, the inability of HBS to raise funding for the proposed ethanol and bio-diesel projects, failure, failure to obtain regulatory approvals for the construction of ethanol and bio-diesel plants, failure to obtain the required financing and to construct the ethanol and bio-diesel plants, failure of the ethanol and bio-diesel plants to meet standards, the inability to find raw material for the production of ethanol and bio-diesel or to sell the ethanol or bio-diesel on acceptable terms, the risks involved in pursuing a business unrelated to HBS' prior business, and other factors discussed in filings made by the Company with the Securities and Exchange Commission.

Contacts:
Human BioSystems
Harry Masuda
(650) 323-0943

Investor Relations
Yes International
(800) 631-8127

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The difference between genius and stupidity is that genius has its limits

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DRGP (.30)Becomes Reporting Company

Market Wire "US Press Releases "

MIAMI, FL -- (MARKET WIRE) -- 04/17/07 -- Dynamic Response Group, Inc. (PINKSHEETS: DRGP) announced today it has become a reporting company under the Securities Exchange Act of 1934, as amended. A 15c211 will be filed for DRGP's listing on the Bulletin Board, and the company expects to be trading on the OTCBB in the near future.

"Becoming a reporting company was a primary goal for us," stated CEO Joseph Emas. "Combining our continuing growth performance with fully reporting status makes Dynamic Response a company the investment community can be excited about and will allow new investors to follow our progress."

The company has recently announced a co-venture deal to market NASCAR in a major initiative to leverage NASCAR's huge fan base by offering exclusive club privileges through the Official NASCAR Members Club. The program, a fully integrated marketing effort, began just this past week and will roll out fully in the coming weeks. The company also recently announced it had posted its '06 audit demonstrating its tremendous sales growth and will announce its 1Q results in the coming days, which is expected to show a 3rd consecutive profitable quarter.

About DRG

DRG is the innovator and Direct Response retailer of highly effective products and services including ProCede, Backyard Drills DVD with Bill Parcells, The Sonic Clean Between Machine, Allure Smile and Serotrol. ProCede is consistently ranked in the top 5 most-aired short-form infomercials in the U.S., ranking in the top 5 for 22 consecutive months, and reaching number 1 of all products in the Health and Beauty category twice in that time period (Infomercial Monitoring Service). ProCede is clinically tested and proven safe and effective for producing fuller thicker hair shafts after just a single application.

To date, ProCede has received registration approvals in 28 foreign countries including the European Union, United Arab Emirates and South Africa, and the company plans on making an announcement shortly outlining international distribution plans for its powerful patent-pending formula.

"The products in our pipeline to solve problems in virtually every pertinent sector," said Ken Oxsalida, Chief Marketing Officer for the company. "You may not have heard of our company, but if you have a TV set, read newspapers, surf the 'Net or listen to radio, you've definitely seen our products. You'll be seeing a lot more of us in the weeks to come."

Certain statements in this release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and 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 the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.

For more information on Dynamic Response Group, Inc., please contact us at:
866-404-5480
www.dynamicresponsegroup.com

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The difference between genius and stupidity is that genius has its limits

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IFQJ
Infinity Acquisition Corporation Signs Letter of Intent to Acquire Life Without PainLast update: 4/18/2007 7:00:55 AMBOCA RATON, Fla., Apr 18, 2007 (BUSINESS WIRE) -- Infinity Acquisition Corporation, Inc. (IFQJ) announced today that the Company has signed a letter of intent to acquire Life Without Pain, LLC. Life Without Pain, LLC uses advanced technology to develop medical products and solutions that focus on both pain management and relief. Life Without Pain is a manufacturer of photo light pain therapy devices that relieve pain without the use of prescription medications. These devices provide pain management by utilizing Narrow Band Near-IR Energy to provide temporary relief of minor muscle and joint pain, arthritis pain and muscle spasms. The photo light pain therapy devices also relieve stiffness, promote the relaxation of muscle tissue, and temporarily increasing local blood circulation. "We believe that Life Without Pain and its photo light therapy is the future of pain management. We look forward to working with Life Without Pain and further developing their photo light therapy devices," stated Manny Shulman, CEO of Infinity Acquisition Corporation, Inc. For more information about Life Without Pain, please visit: . About Younger America: Younger America is an Anti-Aging/Medical Spa which aims to help reverse the aging process both internally, through modern natural medical means, and externally, through minimally invasive medical and aesthetic cosmetic procedures. The Company will offer patients an opportunity to help slow down and possibly reverse the aging process. Utilizing advanced diagnostic methods, the Company will be able to identify medical problems which the patients experience as a result of the aging process, and treat these problems with proven, state-of-the-art, natural medical protocols. In addition, the patients will be offered various aesthetic and cosmetic spa treatments aimed at improving their overall appearance. Forward-Looking Statements: Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission. To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit and download your FREE copy of Big Apple ComPro. SOURCE: Infinity Acquisition Corp.
Big Apple Consulting USAInvestor RelationsRodney Marvel, 1-866-THE-APPL(E)orFor more information, please visit:Copyright Business Wire 2007 Copyright © 2007 MarketWatch, Inc. All rights reserved. Please s

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Soylent Green
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FARMINGTON HILLS, Mich., Apr 18, 2007 (BUSINESS WIRE) -- Eternal Image, Inc. (.0068)
(OTC:ETIM.PK), a public company engaged in the design, manufacturing and
marketing of customized designer caskets and urns, today announced that it has
received permission from Major League Baseball(TM) to expand its licensing
agreement. The company, which already produces funeral urns and caskets
featuring Major League Baseball(TM) team logos and colors will now be able to
extend its agreement into vault and monument lines.

"There is tremendous growth potential in the areas of monuments and vaults, and
we have been working toward adding these categories to our product line for some
time," said Clint Mytych, CEO of Eternal Image. "This agreement positions us as
the sole provider of Major League Baseball(TM) themed funeral products across
all platforms."

Within the funeral industry, the vaults and monuments category is experiencing
tremendous growth - more than a million of each were sold last year. However,
until now, licensed brand images have not appeared in the mass production of
vaults and monuments, providing an opportunity for Eternal Image to again move
the funeral industry forward into new areas of marketing.

Eternal Image is currently launching its Major League Baseball(TM) urn line. The
company is debuting the first eight urns now and will then follow with 12 more
teams at the end of 2007 and the balance of 10 teams in 2008. The casket line
will roll out beginning with the same eight teams in the fall of 2007 with
groups of 12 and 10 caskets following about every six months.

About Eternal Image

Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The
company is the first and only manufacturer and marketer of licensed brand image
funerary products. Currently, the company offers urns and caskets that feature
licensed images from Major League Baseball(TM), Precious Moments(TM) and the
Vatican Library Collection(TM), as well as pet urns featuring the American
Kennel Club(TM). For more information about EI, visit www.EternalImage.net or
call 1-888-6-CASKET.

"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.

SOURCE: Eternal Image, Inc.


CONTACT: Eternal Image, Inc., Farmington HillsInvestor Relations:Cambridge Investor RelationsTony Fazio, 781-214-9038orMedia Relations:a.s.a.p.r.Robbie Tarpley Raffish, 410-883-2000


Copyright Business Wire 2007

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Soylent Green
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Eternal Image Signs Exclusive Agreement with Wilbert Funeral Services, Inc.

Apr 18, 2007 10:45:27 (ET)


FARMINGTON HILLS, Mich., Apr 18, 2007 (BUSINESS WIRE) -- Eternal Image, Inc. (OTC:ETIM.PK), a public company engaged in the design, manufacturing and marketing of licensed brand caskets and urns, today announced that it has signed an exclusive agreement with Wilbert Funeral Services, Inc. of Broadview, Illinois, the largest vault manufacturer and marketer in the world. Under the agreement, which begins June 1, Eternal Image will manufacture baseball appliques and plaques to be used by Wilbert Funeral Services as a component in their vault products.

Wilbert provides premium burial vaults and urn vaults with ever-increasing choices for memorial customization. Wilbert products represent one of the most recognized brands among North American funeral directors and families.

"Wilbert always strives to serve families with the richest range of choices for tributes with greater personal meaning," said Wilbert Funeral Services, Inc. President Jim Curran. "Love of sport is a defining trait of the American spirit, and our partnership with Eternal Image helps us add even more truth and color to the passion that was felt during a life well lived."

Earlier today EI had announced that it has received permission from Major League Baseball(TM) to expand its licensing agreement. The company, which already produces funeral urns and caskets featuring Major League Baseball(TM) team logos and colors, is now extending its agreement into vault and monument lines.

"Vaults represent an area of huge potential growth for us, and our best case scenario - that we partner with the leader in this industry - has come to fruition with this agreement," said Clint Mytych, CEO of Eternal Image. "More than 500,000 burial vaults were sold last year and not one featured a licensed image. This is a wide open opportunity for us."

Currently Eternal Image is launching its Major League Baseball(TM) urn line with the first eight urns in the series. These will be followed by products featuring with 12 more teams at the end of 2007 and the balance of 10 teams in 2008. The casket line will roll out beginning with the same eight teams in the fall of 2007 with groups of 12 and 10 caskets following about every six months.

About Wilbert Funeral Services Inc.

Wilbert Funeral Services, Inc. is the leading single-source supplier of burial vaults and cremation-related products and services to North American funeral homes. For more information, please call 888.WILBERT or visit www.wilbertonline.com .

About Eternal Image

Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball(TM), Precious Moments(TM) and the Vatican Library Collection(TM), as well as pet urns featuring the American Kennel Club(TM). For more information about EI, visit www.EternalImage.net or call 1-888-6-CASKET.

"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.

SOURCE: Eternal Image, Inc.


Eternal Image, Inc.
Investor Relations Contact:
Cambridge Investor Relations
Tony Fazio, 781-214-9038
or
Media Relations:
a.s.a.p.r.
Robbie Tarpley Raffish, 410-883-2000

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The BigHub.com, Inc. receives position reports from Depository Trust Company

PR Newswire "US Press Releases "

JENSEN BEACH, Fla., April 18 /PRNewswire-FirstCall/ -- The BigHub.com, Inc. (Pink Sheets: BHUB) received position reports from the Depository Trust Company confirming the "uncertified" share position provided by Select American Transfer Company. "This third party confirmation comes directly from the Company that facilitates the clearing of 100% of the share transactions between brokers. Additionally, they are the custodian of all of the BHUB shares held in 'street name,'" stated Darrell Peterson, interim President. He went on to further state, "Any illusion created by Select by virtue of their previous press releases that we were misleading or false in our reporting to shareholders should now be put to rest."

Additionally Mr. Peterson reported that, "We are now working quickly to file actions against parties whom we believe have acted in a reckless and illegal manner, depriving BHUB and its 'shareholders' the ability to conduct business at this exact time." Mr. Peterson continued, "Based on the information received and investigated by the Company we are proceeding with our goal to file an action in Federal Court against all parties involved in the scheme."

As previously announced, The BigHub.com, Inc. was informed by Select American Transfer Company that there were currently 1,580,847,798 shares issued by them and that those shares issued were 1.53 billion shares in excess of the legal authorized shares of the Company. The Company states that these shares are unauthorized shares and unregistered with the Securities and Exchange Commission as required under the Act.

The Company previously announced that it has engaged Olde Monmouth Stock Transfer, Inc. to handle its authorized stock transfers.

The Big Hub.com, Inc. (Pink Sheets: BHUB) will continue to review potential business ventures or acquisitions during this process.

SOURCE The BigHub.com, Inc.

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Eternal Image Quarterly Conference Call Draws More Than 200 Participants [GXBRNGC]

FARMINGTON HILLS, Mich.--(Business Wire)--Eternal Image, Inc. (OTC:ETIM.PK), a public company engaged in the design, manufacturing and marketing of licensed brand image caskets and urns, today hosted a live, Internet-based question-and-answer session. The call, attended by more than 215 people, was led by Jim Parliament, the company's chief financial officer.

Topics discussed included results of first quarter sales, product manufacturing updates, the status of the company's previously announced stock buy-back plans and more.

During the call Parliament announced that projected sales for FY2007 are $3.1 million. He anticipated sales to grow to $17-$20 million annually within three-to-four years.

On behalf of the company Parliament noted that:

-- The financial audit is 75% complete and should be finalized by
May 30 of this year.

-- Once the audit is complete the company will likely begin its
stock buy-back.

-- Distribution agreements now include 14 companies covering 27
states. Two additional agreements are being considered at this
time and the company continues to seek distribution partners
in open states, particularly California.

-- Per the news release earlier this morning, EI will produce
appliques and plaques for use on vaults in an exclusive
agreement with the world's largest vault manufacturer, Wilbert
Funeral Services, Inc.

-- EI is proactively seeking a strategic alliance in Europe.

-- The company will be attending the National Funeral Directors
Association Expo in October in Las Vegas and plans to have a
trade show booth on the main Expo floor.

Parliament also showcased the casket designs for two of the first eight Major League Baseball(TM)-branded caskets: the Detroit Tigers and the New York Yankees. All eight of the approved casket designs will be available for viewing on the website later today. In addition, the company anticipates that the next group of urns will debut on/about July 1 of this year.

For more information about EI, visit the website (www.eternalimage.net) or call 1-888-6-CASKET.

SAFE HARBOR STATEMENT

Statements in this news 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 1993 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.

Eternal Image, Inc. Investor Relations Contact: Cambridge Investor Relations Tony Fazio, 781-214-9038 cambridgeir*comcast.net or Media Relations: a.s.a.p.r. Robbie Tarpley Raffish, 410-883-2000 robbie*asapr.com

Copyright Business Wire 2007 18Apr07 16:30 GMT
Symbols: us;ETIM
Source BW Business Wire
Categories: MST/I/ICS MST/I/RTB MST/I/SVC MST/L/EN MST/R/NME MST/R/US MST/R/US/MI TGT/BWB

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CalbaTech Announces Profitable Fiscal Year
Apr 18, 2007 8:00:00 AM

IRVINE, Calif., April 18 /PRNewswire-FirstCall/ -- CalbaTech, Inc. (OTC Bulletin Board: CLBE), an emerging life sciences company (http://www.CalbaTech.com ) concentrating on banking adult stem cells for possible future therapeutic uses and providing products and platforms to the biotech and pharmaceutical research markets and to academic institutions, today announced that revenues for 2006 totaled $1.25 million, down slightly from revenues of $1.29 million in 2005. The Company announced a gross profit of $662,713 in 2006 and net income of $13,800 compared to a loss of $(5.0) million in 2005.

The net income reported is because of the unrealized gain on adjustment of derivative and warrant liabilities to fair value of the underlying securities relating to the convertible notes CalbaTech obtained in 2005, as well as CalbaTech's continuing efforts to control expenses.

CalbaTech's reagent division provides general laboratory supplies to a $14 billion market and products and services for medical research and drug discovery. The Company projects revenues of $1.6 million from this division in 2007.

CalbaTech also projected that revenues from its LifeStem subsidiary could top $3.9 million in the twelve months beginning in the second quarter of 2007.

"The therapeutic possibilities that may be provided by collecting and preserving healthy adult stem cells on a pre-disease basis may revolutionize the practice of medicine," CalbaTech said in its 10K filing. "The power and promise of stem cell therapies is just emerging, and the corresponding development of new clinical applications and therapies are expected to follow. LifeStem's Stem Cell Microbank(TM) Service focuses on refining existing collection processes that are gaining significant acceptance. The focus will be providing a stem cell collection process and storage service that maintains adult stem cells for future use and broadens the availability of a collection and storage service. While some of the regulatory, logistical and training issues have taken longer than anticipated, this is to be expected in a new breakthrough service such as ours. We have, however, recently received the necessary licenses from the State of California and are moving the Service forward as fast as possible."

"The MicroBanking process, for which LifeStem has filed for US patent protection, is based on the theory that it is not necessary to harvest a quantity of stem cells capable of regenerating the entire immune system at the time of collection, but rather that these cells can be collected in micro quantities and cryo-preserved for future cellular expansion prior to reintroduction into the recipient."

About CalbaTech

CalbaTech, Inc. (OTC Bulletin Board: CLBE) is an emerging life sciences company (http://www.CalbaTech.com) concentrating on providing products and platforms to the research market for biotech and pharmaceutical companies and to academic institutions. CalbaTech's wholly owned subsidiary LifeStem has developed a unique process to harvest stem cells in micro quantities to be cryo-preserved for future transplantation into a client for medical purposes. The collection of stem cells from two different tissue sources increases the potential for treatment of more diseases.

Contact:
Paul Knopick
E&E Communications
(949) 707-5365
pknopick*eandecommunications.com

Note: Certain statements in this news release may contain "forward-looking" information within the meaning of rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements including those related to being in a large and growing market, exhibiting rapid growth characteristics, and having a growth strategy, are forward looking statements. These forward looking statements are only predictions and are subject to certain risks, uncertainties and assumptions. Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or assumptions in this press release include the risk that we will not be able to grow our revenues and market share, the risk that our prices do not remain competitive and the risk that we will not achieve profitability. Additional risks are identified and described in the Company's public filings with the Securities and Exchange Commission, including our most recent Report on Form 10-KSB, and Reports on Form 10-QSB and Form 8-K. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.

SOURCE CalbaTech, Inc.

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Paul Knopick of E&E Communications
+1-949-707-5365
pknopick*eandecommunications.com
for CalbaTech
Inc.

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It's all in the timing...

Posts: 4303 | From: DSA | Registered: Dec 2003  |  IP: Logged | Report this post to a Moderator
   

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