Bentley Commerce to Invest $3 Million in Trade Credit to Become a Partner in Blackfunnel.net, an Urban Entertainment Broadcast Portal and Barter Exchange Wednesday July 20, 6:00 am ET Chicago Based Blackfunnel.net, Will Also Offer Barter, Trade and New Business Opportunities to America's Fast Growing Urban Market
SARASOTA, FL--(MARKET WIRE)--Jul 20, 2005 -- Bentley Commerce Corporation (OTC BB:BLYC.OB - News) (www.bentleycommerce.com) the leader in online-based barter and trade, will provide $3 million in corporate trade credit to www.blackfunnel.net, to become a limited partner with the principal of MSM-Net, in this Chicago-based Urban Entertainment Broadcast Portal. The trade credit will help finance blackfunnel.net's national media campaign that includes commercials to be aired on BET, MTV2, and FOX cable networks.
Bentley Commerce and MSM-Net Inc. completed a Corporate Trade Purchase Agreement, for Bentley to provide blackfunel.net with $3 million in cash equivalent trade credit. In exchange for the trade credit, based on a Letter of Intent signed by the two companies, Bentley Commerce will receive 20% of the net profit of a limited partnership to be formed by Bentley and MSM-Net founder, Mark Marsh.
Blackfunnel.net expects to broadcast Urban Entertainment content to millions of on-line visitors in America and Europe. In addition, blackfunnel.net seeks to be a viable platform for advertisers to dynamically reach this growing on-line community with their branded messages. Under the terms of the agreement, the limited partnership will receive 50% of the net profits of blackfunnel.net, of which 20% of these profits will be paid to Bentley in cash on a quarterly basis over the next five years up to a maximum of $4.5 million.
Mark Marsh, founder of MSM-Net Inc., said, "Corporate trade allows us to receive $3 million in trade credit funding to purchase media for blackfunnel.net, and pay for the media out of future profits."
Bruce Kamm, Bentley Commerce's CEO, added, "This transaction brings significant media-based trading to Bentley Commerce in exchange for future revenues that should develop from airing the commercials. We intend to enhance our media-based transaction model to provide all of a company's media requirements. This will enable companies to use cash equivalent trade credit towards the payment of media, which they receive in exchange for future revenue, profits or stock in their public or private companies."
Bentley Commerce Corporation:
Bentley Commerce Corp. has created the world's largest online collaborative barter marketplace. Through the Company's development of seamlessly integrated online barter services, barter transactions can be processed over the Internet or at a merchant terminal at the point of purchase in real time, using the Company's proprietary "VirtualBarter" software. Bentley intends to serve as a clearinghouse for barter trades for Fortune 500 trading partners; scores of barter exchanges that serve companies of all sizes; corporate barter companies that serve large multinational corporations, trade associations, chambers of commerce and their member companies.
Forward-Looking Statements:
With the exception of historical information, this news release and accompanying information may include forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various risks. There are numerous factors that could contribute to such differences, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results. For more information about this corporation and risks involved in the investment of their publicly traded shares, please see the company's website(s), and/or documents filed with the SEC, which are easily accessible in the EDGAR database system.
Bentley Commerce Appoints Anna Taylor, Executive Vice President, and Chief Operating Officer and Robert Schumacher, President and Chief Information Officer Friday July 15, 6:00 am ET
SARASOTA, FL--(MARKET WIRE)--Jul 15, 2005 -- The board of directors of Bentley Commerce Corporation (OTC BB:BLYC.OB - News) (www.bentleycommerce.com), the leader in Internet-based barter and trade, has appointed Anna Taylor, its director of operations, to its board of directors and given her the new position of Executive Vice President, as well as Chief Operating Officer. Robert Schumacher, Bentley Commerce's President has been appointed to the position of Chief Information Officer.
"These changes are indicative of how we are building our executive team and focusing their specific talents and efforts on areas we want to excel at," said Bruce Kamm, Bentley Commerce's CEO. "Ms. Taylor has demonstrated her ability to manage Bentley Commerce's business operations and will be a most valuable addition to our board of directors. Mr. Schumacher, an acknowledged corporate communications expert, will focus on our building heightened awareness, respect and support for our company and manage its public and investor relations, advertising and marketing support. I will be refining our business model and directing our efforts into what are potentially the most profitable areas of barter and trade, such as corporate barter and inter and intra industry trade."
Anna Taylor has 15 years of business management experience in national organizations and regional companies. Her career has included serving as Director of Operations for CityGulf Management, Inc., an entertainment and food establishment chain, Director of Property Management for Realty Capital Corporation, a regional commercial real estate company, and Director of Management Services for Worldwide Hockey Facilities, Inc, a sport facility organization. Prior to joining Bentley Commerce, she served as the District Manager for Knowledge Learning Corporation, a major education corporation that operates over 2,000 centers nationwide.
Robert Schumacher was President of Centrum Corporation, a Washington, D.C. headquartered communications firm he founded with branch offices in Europe. It served a wide range of companies, national and international trade associations, and public service organizations, providing them with marketing, advertising, design, public relations, documentary film production and conference organization. Most recently, he launched a number of successful companies ranging from internet design, hosting and marketing, to online software, to the design of medical devices, as well as developing the marketing strategies and online presence for a host of other organizations, including comprehensive corporate communications for public companies. Prior to this, Mr. Schumacher was marketing planning, merchandising, and retail vice president of Pennsylvania House, a division of a Fortune 500 company. He joined them after leaving National Home Furnishings Association where for ten years was publisher of its award winning industry magazine he created, as well as its associate executive vice president.
About Bentley Commerce Corporation:
Bentley Commerce Corp. has created the world's largest online collaborative barter marketplace. Through the Company's development of seamlessly integrated online barter services, barter transactions can be processed over the Internet or at a merchant terminal at the point of purchase in real time, using the Company's proprietary "VirtualBarter" software. Bentley intends to serve as a clearinghouse for barter trades for Fortune 500 trading partners; scores of barter exchanges that serve companies of all sizes; corporate barter companies that serve large multinational corporations, trade associations, chambers of commerce and their member companies.
Forward-Looking Statements:
With the exception of historical information, this news release and accompanying information may include forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various risks. There are numerous factors that could contribute to such differences, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results. For more information about this corporation and risks involved in the investment of their publicly traded shares, please see the company's website(s), and/or documents filed with the SEC, which are easily accessible in the EDGAR database system.
Bentley Commerce Has Record Trading Day as Most Active Stock and Second Highest Percent Gainer on OTC Bulletin Board Monday June 27, 6:00 am ET
SARASOTA, FL--(MARKET WIRE)--Jun 27, 2005 -- Bentley Commerce Corporation (OTC BB:BLYC.OB - News) (www.bentleycommerce.com), the leader in Internet-based barter and trade, broke all company records when 169.7 million shares traded on Friday, June 24, 2005. On this date, BLYC was the most actively traded stock on the Over-the-Counter Bulletin Board, as well as the day's second largest percent gainer on the OTC-BB, with a 200 percent same-day increase in BLYC's share price. ADVERTISEMENT
"Bentley Commerce has traded actively and attracted a great deal of investor interest," said Bruce Kamm, CEO. "Historically, the company has averaged a trade volume of approximately 3 million shares a day. We have previously had some days when the trading volume surpassed 20 million shares. The trading volume and relative increase in share price on the previous trading day was unprecedented in the company's history."
About Bentley Commerce Corporation:
Bentley Commerce Corp. has created the world's largest online collaborative barter marketplace. Through the Company's development of seamlessly integrated online barter services, barter transactions can be processed over the Internet or at a merchant terminal at the point of purchase in real time, using the Company's proprietary "VirtualBarter" software. Bentley intends to serve as a clearinghouse for barter trades for Fortune 500 trading partners; scores of barter exchanges that serve companies of all sizes; corporate barter companies that serve large multinational corporations, trade associations, chambers of commerce and their member companies.
Forward-Looking Statements:
With the exception of historical information, this news release and accompanying information may include forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various risks. There are numerous factors that could contribute to such differences, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results. For more information about this corporation and risks involved in the investment of their publicly traded shares, please see the company's website(s), and/or documents filed with the SEC, which are easily accessible in the EDGAR database system.
Bentley Commerce Corp. Announces Results for Its Third Fiscal Quarter Ended March 31, 2005 Tuesday May 24, 6:00 am ET
SARASOTA, FL--(MARKET WIRE)--May 24, 2005 -- Bentley Commerce Corporation (OTC BB:BLYC.OB - News) (www.bentleycommerce.com), the leader in Internet and point of purchase barter and trade, announced financial results for its third quarter ended March 31, 2005, of fiscal year 2005. Revenue for the nine months was $379,744 (2196% higher), Operating Expenses were $1,978,442 (43% lower) and Operating Loss was $1,598,698 (53% lower) than the same period in the prior year. ADVERTISEMENT
For the three months ended March 31, 2005, Bentley Commerce's revenues were $103,628, an increase of 599.2% as compared to $17,293 for the three months ended March 31, 2004. The increase was due to an increase in trade volume among its affiliated exchanges that resulted in the Company earning more fees during this period, as well as obtaining and utilizing earned trade dollars to offset expenses that would otherwise be paid in cash.
Operating expenses for the three months ended March 31, 2005, were $703,315, a decrease of 69.6% as compared to $2,316,383 for the three months ended March 31, 2004. This decrease was primarily attributed to consolidating and centralizing the Company's operations at one facility, enabling the company to provide a higher level of customer service while significantly reducing operational costs.
The increase in revenue and the decrease in operating expenses resulted in a 73.9% decrease in the loss from operations that was $599,687 for the three months ended March 31, 2005, compared to $2,299,090 for the three months ended March 31, 2004.
For the nine months ended March 31, 2005, revenues were $379,744 compared to $17,293 for the nine months ended March 31, 2004, a 2195.9% gain. Operating expenses for the nine months ended March 31, 2005, were $1,978,442, down 42.7% compared to $3,452,200 for the nine months ended March 31, 2004. Loss from operations for the nine months ended March 31, 2005, was $1,598,698 a 53.4% decrease compared to $3,434,907 for the nine months ended March 31, 2004.
"Earning revenue in fiscal 2004 in a company that in prior years had none, is one of the key milestones we attained," said Bruce Kamm, Bentley Commerce's CEO. "Being able to do this while substantially decreasing operating expenses is indicative of our management's focus. Couple this with about $500 million in product and service offers in our Internet-based global trade marketplace, and we anticipate a very promising future for Bentley Commerce."
About Bentley Commerce Corporation:
Bentley Commerce Corp. has created the world's largest online collaborative barter marketplace. Through the Company's development of seamlessly integrated online barter services, barter transactions can be processed over the Internet or at a merchant terminal at the point of purchase in real time, using the Company's proprietary "VirtualBarter" software. Bentley intends to serve as a clearinghouse for barter trades for Fortune 500 trading partners; scores of barter exchanges that serve companies of all sizes; corporate barter companies that serve large multinational corporations, trade associations, chambers of commerce and their member companies.
Forward-Looking Statements:
With the exception of historical information, this news release and accompanying information may include forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various risks. There are numerous factors that could contribute to such differences, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results. For more information about this corporation and risks involved in the investment of their publicly traded shares, please see the company's website(s), and/or documents filed with the SEC, which are easily accessible in the EDGAR database system.
posted
BLYC -- Bentley Commerce Corp. Com ($0.0001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: bellwetherreport.com: The Bellwether Report is closely watching Bentley Commerce Corp.
Jun 29, 2005 (M2 PRESSWIRE via COMTEX) -- Today the Bellwether Report has identified Bentley Commerce Corp. (OTC:BLYC), a company that our analysts will be tracking over the ensuing weeks. They recently came out with a significant corporate development this month, causing a positive market correction. For a full report on the below mentioned company, and many more, feel free to visit www.bellwetherreport.com for a free 30 day no obligation trial.
Bentley Commerce Corp. is the lead provider of internet barter enabling services giving companies the ability to trade their nonperforming or underperforming assets at full value for the products and services they need. Today we saw the company had gapped up to $0.0038 for an almost 27% gain overnight, with volume over 30 million in the first 30 minutes of market open.
The company started seeing these significant gains on Friday when they traded 169.7 million shares making them the most actively traded stock on the Over-the-Counter Bulletin Board and the second largest percent gainer on the OTCBB posting a 200 percent increase in Fridays trading alone.
So, why the huge gain...
To view the full unbiased report on Bentley Commerce Corp. (OTC:BLYC), feel free to visit our site. This article and many more are available for review under the Today's Articles Section. No credit Card Needed!! The Bellwether Report will continue scanning the markets for true emerging growth opportunities that will show subscribers optimal entry points with profitable exit points. If you are interested in receiving more information on feel free to sign up for a 1 month complimentary subscription to the #1 online investment resource www.bellwetherreport.com.
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posted
Bentley Commerce's Global Trade Marketplace Expands to Australia
SARASOTA, FL--Apr 26, 2005 -- Bentley Commerce Corporation (OTC BB:BLYC.OB), the leader in Internet-based and point of purchase barter and trade, has established a joint venture with Platinum Traders Pty Ltd in Queensland, Australia, to promote and market Bentley Commerce's trade exchange Management System and Global Trade Marketplace throughout Australia. They join Bentley Commerce's network of barter exchanges in the United States, Canada, Malaysia, Thailand, Colombia and South Africa. Australia's new online barter exchange will enable its members to trade their real estate, products and services to a new marketplace of buyers, manage their trade account online, and use the trade they earn from new sales to expand and improve their business or enhance their lifestyle.
Members of Platinum Traders will have their own online trading site (http://platinum.vbarter.com) with access to the product and service offers available through Bentley Commerce's Global Trade Marketplace. This internet-based barter marketplace features the product and service offers from 80 independent exchanges that represent about 18,000 companies, as well as about 160 exchanges that represent approximately 50,000 members that are affiliated with Bentley Commerce's Trade Exchange Network.
"We selected Bentley Commerce for its superior technology as well as access to its large and growing international trade marketplace," said Darryl Loane, Platinum Traders' Managing Director. "We anticipate that over the next three years we will rapidly expand across Australia, adding about 40 additional local offices and thousands of new members to our group."
"The principal staff of Platinum Traders," said Mr. Loane, "are very experienced in both retail barter and property trading, with prior property sales including trade components of up to $7 million Aus. The Australian Market is small but entrepreneurial and has taken well to trading over the last 15 years, since it was first introduced to the country. Platinum expects to sell approximately 200 properties utilising trade dollar deposits in its first year under the new alliance. Properties will be available to international as well as Australian members."
"We feel that Australia provides an ideal business climate for the rapid expansion of online barter and trade," said Bruce Kamm, Bentley Commerce's CEO, "as it has already experienced phenomenal growth in barter over the past 15 years. This alliance in Australia should bring new real estate and international trading opportunities to our members and exchanges. Our ability to provide countries, as well as international companies with their own branded online trade exchange opens a wealth of opportunities for new revenue generating opportunities for these exchanges as well as for Bentley Commerce."
About Bentley Commerce Corporation:
Bentley Commerce Corp. is a business-to-business, Internet e-commerce Company that launched its seamlessly integrated family of online barter services in 2004 to establish a new global trade marketplace for businesses to easily engage in real-time online barter and trade. Through its proprietary VirtualBarter software, it processes barter transactions over the Internet or at the point of sale, between member companies, even if they are members of different exchanges. A growing number of independent trade exchanges, currently totaling 88, with about 18,000 companies that trade through them, have access to Bentley Commerce's global trade marketplace and trade exchange network featuring close to half a billion dollars in product and service offers available for trade.
Forward-Looking Statements:
With the exception of historical information, this news release and accompanying information may include forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various risks. There are numerous factors that could contribute to such differences, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results. For more information about this corporation and risks involved in the investment of their publicly traded shares, please see the company's website(s), and/or documents filed with the SEC, which are easily accessible in the EDGAR database system.
Bentley Commerce is the online leader in worldwide barter and trade. Through its Bentley Trade Exchange Network, Global Trade Marketplace, Enterprise Exchanges, VirtualBarter Software and Corporate Trade Group, Bentley Commerce is empowering companies and organizations throughout the world with the invaluable benefits of trading their excess production, capacity and inventories at full value in an online global trade marketplace.
Platinum Trade Card Branded with Your Logo
Your members can now pay for products and services with your own swipe card at the point of sale, using a standard merchant terminal.
Get your own world class trade exchange management system, ecommerce enabled online trade marketplace and Trade Card merchant platform today, and your members will be power trading with 15,000 members in 74 exchanges tomorrow. (Read More)
Bentley's Trade Exchange Network
Bentley's Exchange Network is comprised of 180 independent barter exchanges and about 50,000 small to midsize businesses that trade through them,representing approximately 30 percent of the barter exchanges in the USA,and 50 percent of those in Canada.
Bentley's Global Trade Marketplace
Bentley's Global Trade Marketplace is comprised of 72 online exchanges and about 15,000 small to midsize businesses that trade through them. Bentley Commerce enables the members of these exchanges to manage their trade account online and to trade in a collaborative trade marketplace with other members in other exchanges throughout the world in addition to the exchanges in the Bentley Trade Exchange Network.
Custom Branded Enterprise Exchanges
Bentley Commerce partners with national and international trade associations, specialized business magazines, publications, media companies and online business communities to provide branded customizable barter and trade exchanges that collaborate in Bentley's global trade marketplace.
VirtualBarter 3.0 Software
VirtualBarter 3.0 is Bentley Commerce's state of the art Internet based trading platform software that enables independent exchanges and their members to manage, merchandise, and market their products and services to an integrated worldwide network of trading partners.
Bentley Corporate Trade Group
Bentley Commerce's Corporate Trade Group assists companies in selling their excess inventory, production, or capacity at full value for cash equivalent trade credits, rather than liquidating it for pennies on the dollar. These companies use their trade credits to reduce their cash requirements in purchasing, procurement and capital expenses for many of the products and services they need to operate their businesses.
IP: Logged |
Bentley Commerce is a business to business trade and Internet technology company with a management team that has extensive domain expertise in retail barter, corporate trade and countertrade. Headed by a team comprised of information technology experts with experience in design and development of online information systems, people with vast expertise in the barter industry and technology, the company can design, develop and launch Internet barter enabling services in hours or days instead of months.
Internet Strategy:
Bentley Commerce is establishing a global trade marketplace through a seamlessly integrated family of online barter services under the Powered by VirtualBarter trade name and under other private label names. These services are characterized by user-friendly and engaging Web sites that are conducive to attracting traffic, designed to build not just viewer satisfaction but viewer loyalty. Each integrates with the others synergistically in order to optimize the options and product and service offerings available to participants. The end result is intended to transform, expand and enhance traditional barter, as it exists today.
Bentley's vision is to create an alliance of trade exchanges, enterprise exchanges and corporate barter companies throughout the world. Trade exchanges, their members and corporate barter companies and their clients are empowered to facilitate their own trades anonymously, relying on their existing trade exchange or corporate barter company to facilitate transactions. Each exchange retains responsibility for its client base, but all has access to each other's managed excess inventory, which each exchange controls. In this way, small and large member and client companies alike will have greater choices in the products and services they can buy with their trade dollars and a larger market for items they offer for sale.
Universal Trade Currency (UTC):
At present, trading options are limited by the inventory available through a trade exchange or local broker and any other brokers that share a currency. A UTC removes these constraints, but current systems are basically manual and labor intensive. By providing members with an e-commerce enabled marketplace, the process can become much easier to use and therefore will become a continuous circle. As more transactions are completed, more inventory is made available, resulting in more transactions completed, and so forth.
The value added, is that the system allows trade exchanges and corporate barter companies to maintain their own brand, independence and close relationships with their clients, yet it gives them world class online tools necessary to compete and excel.
Bentley provides benefits to barter companies by significantly expanding the inventory available to their members or clients to buy with trade dollars, thereby fueling their trade velocity. By providing barter companies with Internet trading tools, trade exchanges and their members have online e-commerce enabled access to trade information providing more buying options. Members will be willing to offer more of their inventory for sale through their exchange, because of the expanded trade inventories available to them. In addition, trade exchange members can be empowered to do their own buying and selling through their trade exchange, or just allowed to browse the site, further fueling trade velocity.
Branded Online Exchanges:
Bentley provides branded Powered by VirtualBarter enabled sites to trade exchanges, corporate barter companies and various businesses, organizations and the media sector. This enables exchanges to have their own private branded ecommerce marketplace enabled site that seamlessly integrates with Bentley's global trade marketplace, thus allowing exchange members to post items on their branded site for sale, buy items in the product marketplace, and view and maintain their member account information in addition to empowering companies to manage their exchange online. Without re-entering product and service listings, an exchange can enable product listings to instantaneously display on other VirtualBarter Powered sites worldwide.
The Powered by VirtualBarter trade management system is completely automated, and does not require any technical expertise or responsibility. Member approval and credit lines, as well as system management and reporting, can be remotely maintained and modified online by connecting over the Internet with a browser to a secure password-protected trade management system. The VirtualBarter system software has been online, tested and fully operational for over four years. For established trade exchanges, Bentley can import current member information, account numbers and corresponding balances so that an exchange doesn't need to reenter their information to enable their members with online trading. Exchange members could begin and selling online immediately upon data migration or registration.
Corporate Trade:
Bentley's Corporate Trade Group provides America's foremost companies with the ability to trade non-performing or underperforming assets at full value for the products and services they need. Utilizing A/R trading and other trade purchase credit transaction formats, Bentley Corporate Trade Group acts as a principal in a transaction by purchasing excess inventory or capacity, future capacity, end of life equipment and machinery, or non-performing assets at full value for cash equivalent trade purchase credit. The seller then utilizes the trade purchase credit to reduce their cash requirements in purchasing and procurement and for capital expenditures.
eLearning and the Barter Institute:
Bentley will establish online training sessions and localized training seminars that will expand the scope of its online trade exchange network, as people interested in starting their own business will be able to learn all about starting, managing and running the day to day operations of a trade exchange. These highly effective training seminars will be held in select cities throughout North America with the intent of providing people with all of the tools and technology they need to start and maintain a highly successful trade exchange the day they leave the Bentley Barter Institute. Bentley will mentor these start-up exchange through maturity by providing content specific online tutorials that respond to various business aspects such as new member marketing, prospecting, core accounts, overcoming objections, creating trading circles, building trade velocity and creative trading.
Strategy for Planned Success:
Bentley Commerce has mapped its plan to successful world dominance in the barter sector by combining all aspects of trade with an online trade marketplace, a trade exchange management system, multiple payment methods, and knowledge transfer, giving exchanges and businesses the tools, technologies and knowledge they need to succeed. Unlike other barter business models that have unsuccessfully attempted to acquire exchanges, franchise or launch an online only exchange without brokers, Bentley's model is to empower already existing independent exchanges and trade brokers and new emerging exchanges to all collaborate in a unified global trade marketplace, and like Visa, MasterCard and American Express, take just a little piece of each and every purchase and/or sale on all barter transactions processed throughout the world.
quote:Originally posted by lilpennypincher: I saw this bottom on Friday.....You betcha' my buy is in first thing Monday Morning.....Good luck, it's gonna' go!
Today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure.
Aug 01, 2005 (M2 PRESSWIRE via COMTEX) --Today our stock watch alerts today include a Stock Profiles for Quest Oil Corporation (OTCBB: QOIL) and stock alerts for Eden Energy Corporation (OTCBB: EDNE), Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO), Centurion Gold Holdings (OTCBB: CGHI), AmeriResource Technologies, Inc. (OTCBB: AMRE) and Bentley Commerce Corp. (OTCBB: BLYC)
Quest Oil is committed to the exploration and development of economical oil and natural gas reserves globally. Quest management is focused on an acquisition program targeting high quality and low risk prospects. Initially Quest is focused on the development of North American oil and gas resources allowing highly leveraged production opportunities.
QOIL News:
August 1 - Quest Oil Spuds Acadia North '15-34' Gas Well
Quest Oil Corporation (OTCBB:QOIL), is pleased to announce that the Company has been informed by its operator, Transaction Oil and Gas Ventures, Inc., that drilling has commenced on the Acadia North Gas Project, Alberta. The 3,000 foot "15-34" natural gas well was spud July 31, 2005 and is drilling to the top of the Viking Sand.
Quest anticipates the drilling and casing to take approximately one week. Once production casing has been installed to depth, Quest will log and pressure test both wells for the purpose of obtaining accurate estimates of shut-in reservoir pressure, reserve size and estimating production flow rates. An Endless Tubing Unit (ETU) has been requisitioned to be on site for the completion of both wells "10-22" and "15-34." The ETU inserts the production tubing into the casing and will perforate the Viking Sand by using high pressure water and air to cut through the remaining few feet.
The main objective of the 1,280 acre Acadia North Project is the Viking Sand that has a potential reserve of 13 BCF gas. The Acadia North project is a natural gas reserve at shallow depth, short payback and long life reserves. The play is located in the "Viking Sand", the largest Viking hydrocarbon accumulation in Alberta, Canada. Quest Oil holds 100 percent working interest over the project.
OTC STOCKS TO WATCH:
EDEN ENERGY CORP (OTCBB: EDNE) - "Up 26.77% on Friday, and up 33.54% in morning trading"
Eden Energy Corporation has acquired 211,000 acres near Ely, Nevada. This acreage encompasses the Noah Oil Prospect, a giant 53-mile long, seven mile wide linear anticline. It lies 15 miles to the southeast of the Blackburn oil field and 60 miles north of the Railroad Valley oilfield. At the Railroad Valley field one well, the Grant Canyon #4 produced over 4,000 Bopd for 15 years and was one of the most prolific onshore wells in US history.
CARGO CONNECTION LOGISTICS HOLDINGS, INC. (OTCBB: CRGO) - "Up 183.82% in morning trading"
Cargo Connection Logistics Holding, Inc. provides transportation logistics services for shipments importing into and exporting out of the United States. The company engages primarily in hauling truckload and less-than-truckload shipments of general commodities in both interstate and intrastate commerce. It provides back office operation for companies, such as insurance, financial, and regulatory operations. Cargo Connection Logistics also involves in the warehouse and distribution movement of dry goods. In addition, it operates a container freight station.
CRGO News:
August 1 - Continental Airlines Selects Cargo Connection Logistics Corp. As a Primary LTL Provider
Cargo Connection Logistics Holding, Inc. (OTC Bulletin Board: CRGO) today announced that its wholly owned subsidiary, Cargo Connection Logistics Corp. has been chosen by Continental Airlines (NYSE: CAL) to provide over-the-road service between Newark, NJ and 10 points located throughout the Northeast and Southern United States.
Cargo Connection Logistics Corp. will recover and deliver freight daily at Continental Airlines' cargo facilities and agent terminals in Pittsburgh, PA; Raleigh, NC; Greensboro, NC; Charlotte, NC; Greenville, SC; Charleston, SC; Columbia, SC; Atlanta, GA; Orlando, FL; and Miami, FL. Freight transported by Cargo Connection Logistics Corp. will move between Continental's hub at Newark's Liberty International Airport and destinations all over the globe.
"We are very pleased to become one of the primary freight carriers for one of the world's largest airlines," said Jesse Dobrinsky, president of Cargo Connection Logistics Holdings, Inc. "Securing contracts of this nature is the type of organic growth that is in keeping with our business model as we actively pursue growth within our current markets and increase our customer base that complement our current operations and will be accretive to earnings."
Continental Airlines is the world's sixth-largest airline. Continental, together with Continental Express and Continental Connection, has more than 3,100 daily departures throughout the Americas, Europe and Asia, serving 150 domestic and 131 international destinations, more than any other carrier in the world.
Continental offers its cargo customers a broad range of flight- specific products including QUICKPAK, for same day, airport-to-airport delivery of domestic and international small packages and CMR (Confirmed Must Ride) for flight specific domestic and international freight. In addition, GlobalLink, reaching more than 160 international destinations outside the Continental route system, and Specialty Services, handling shipments requiring extra care, round out the company's offerings created to address special shipping needs.
Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and Mid-Coast Management Inc., which are both headquartered in Inwood, NY. The Companies also have offices in Atlanta, Charlotte, Chicago, Columbus, Miami, New York and Pittsburgh. The companies provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. Currently the two companies have a total of 82 full-time employees.
CENTURION GOLD HOLDINGS, INC. (OTCBB: CGHI) - "Up 32.89% in morning trading"
Centurion Gold Holdings is the only South African junior gold mining company publicly listed in the United States. The Company is executing a roll-up strategy acquiring proven mineral assets, "growth through acquisition"; these assets consist of near revenue stream and existing low-cost production operations with turnaround opportunities. Based in South Africa, the Company is ideally suited to exploit new legislation implemented by the government in May 2004. This legislation enforces a "use it or lose it" strategy, whereby all mining claims must be prospected within a designated time frame; otherwise, such prospects revert to the state, thereby creating never-before-seen opportunities, particularly for smaller companies like Centurion. The Company has built a strong team of experienced management and operations mining professionals to exploit these opportunities, and is positioning itself to become a major producer by continually implementing its "growth through acquisition" strategy.
CGHI News:
August 1 - Centurion Gold Accepts Offer for Buyout at $.60 a Share
Centurion Gold Holdings, Inc. (OTCBB:CGHI), the only South African junior gold mining company publicly listed in the U.S., announced today that it has signed an irrevocable agreement with a UK listed company for such company to bid to purchase 100% of the common stock of Centurion for consideration equal to $.60 per share with a value of approximately $151.1 million on a fully diluted basis. After careful review of several offers, Centurion's Board accepted an offer from a company that it felt provides the most synergy and maximization for the value of the company's assets. Consideration in accepting the offer involved available working capital, maintaining control of the Company and the access to capital for future projects. CEO Dale Paul, will join the new company as President. It is anticipated that a formal bid, with more details, will be submitted to Centurion's shareholders within the next few weeks. The buyout is intended to be completed before the end of the year and listed on the London AIM market.
"There were several offers that we considered and our final decision was based on the most effective way to maximize the return on Centurion's properties and assets as well as shareholder value," stated Mr. Dale Paul, CEO and Chairman of Centurion Gold Holdings. "In addition, the AIM listing should prove beneficial, as this market is an excellent place to access significant capital for natural resource companies."
AMERIRESOURCE TECHNOLOGIES, INC. (OTCBB: AMRE) - "Up 21.43% on Friday, and up 17.65% in morning trading"
AmeriResource Technologies Inc. is a publicly traded company with diversified holdings.
RoboServer Systems Corp. ("RoboServer") is a subsidiary of AmeriResource Technologies Inc. that trades under its own ticker: NASDAQ Pink Sheets RBSY. RoboServer develops self-serve/checkout systems that work like ATM machines, allowing customers of fast-food and take-out restaurants to quickly and easily place their food & beverage orders and pay with cash or a credit/debit card. For more information about RoboServer, see www.roboservercorp.com.
Net2Auction Inc. ("Net2Auction"), a majority-owned subsidiary of AmeriResource Technologies Inc., is an authorized eBay Trading Assistant that operates online auction drop-off locations. Net2Auction is ideal for people who want hassle-free selling online. Net2Auction takes care of everything: photographing goods, posting the picture and product description on eBay, handling inquiries, selling the goods, processing payments, and shipping and handling. Get the facts at www.net2auction.com.
EagleRider - Cancun, Mexico. AmeriResource Technologies Inc. is in the due diligence stage for acquiring controlling interest in the EagleRider franchise in the resort city of Cancun, Mexico. Cancun is a world-class destination resort, with 3 million visitors annually. EagleRider Inc. is the world's largest renter and tour-operator of Harley-Davidson motorcycles, as well as providing Adventure Rentals of personal watercraft, all-terrain vehicles, dirt bikes, etc. For more information about EagleRider in Cancun, visit www.eagleridercancun.com.
Bentley Commerce Corp. has created the world's largest online collaborative barter marketplace. Through the Company's development of seamlessly integrated online barter services, barter transactions can be processed over the Internet or at a merchant terminal at the point of purchase in real time, using the Company's proprietary "VirtualBarter" software. Bentley intends to serve as a clearinghouse for barter trades for Fortune 500 trading partners; scores of barter exchanges that serve companies of all sizes; corporate barter companies that serve large multinational corporations, trade associations, chambers of commerce and their member companies.
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