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PWTCE(.037) Signs Letter of Intent to Sell Sentry Power Subsidiary for $1,000,000 AUSTIN, Texas, May 22 /PRNewswire-FirstCall/ -- Alternative energy company Power Technology (OTC Bulletin Board: PWTCE) announced today that the company has entered into a letter of intent to sell its back up power supply subsidiary, Sentry Power Technology. The non-binding letter of intent proposes to sell the subsidiary for $1 million in stock of the publicly traded purchaser's securities, and is subject to normal due diligence and the signing of a definitive agreement. The Company will terminate the letter of intent if a definitive agreement is not entered into by July 14, 2007.
Power Technology has previously stated that it has recently received inquiries from potential strategic partners regarding parts of the company's business, and the board is committed to exploring all alternatives to maximize shareholder value. CEO Bernard J. Walter commented, 'The board of Power Technology is pleased to report this LOI. We are committed to realizing value from our previous investments, and will seriously examine all transactions that can leverage both our technology and our people.'
About Power Technology -- Power Technology, Inc. (OTC Bulletin Board: PWTCE) is an alternative energy Research and Development Company engaged in activities regarding alternative battery technology using patented ultra light materials with up to 50% less weight and significantly less lead content than conventional batteries. The Company is commercializing its battery technology and has built equipment and systems to manufacture its proprietary electrodes for its patented batteries. Please visit our website at http://www.PWTCBATTERY.com for more information.
All statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations that are disclosed in this Press Release. While Power Technology, Inc. believes its forecasting assumptions are reasonable, there are factors that are hard to predict and influenced by economic and other conditions that are beyond Power Technology, Inc.'s control. Among the other important factors which could cause actual results to differ materially from those in the forward-looking statements are detailed in Power Technology, Inc.'s filings with the Securities and Exchange Commission.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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MOSH(.08) Announces No Trust Income for May 2007 Mesa Offshore Trust (OTCBB:MOSH) announced that there will be no Trust income distribution for the month of May 2007 for Unitholders of record on May 31, 2007.
The Trust did not receive any Royalty income from the Working Interest Owner for the month of May 2007. As of March 31, 2007 the Working Interest Owner estimates that the abandonment accrual for amounts expended but not recouped and for projected future abandonment expenses for the properties in which the Trust has an interest is approximately $1.4 million net to the Trust. These costs will be deducted from any future gross proceeds on the Royalty properties, which deductions will reduce future Royalty income. In addition, no Royalty income will be distributed to Unitholders until the Trustee recoups Trust expenses being paid from the reserve that the Trustee has established for anticipated future expenses. As of March 2007, approximately $1.6 million will be withheld by the Trustee from future Royalty income before Trust distributions to the Unitholders will resume. Trust expenditures for the month of May 2007 will be approximately $71,000. Trust expenditures in excess of royalty income received will reduce the Trust’s reserve for Trust expenses. As of April 30, 2007, the reserve for Trust expenses, excluding interest receivable, was approximately $83,000. Based on current general and administrative expenditures being incurred in connection with the litigation, in the absence of Royalty income the Trustee expects that it will be required to borrow money in accordance with the Trust Indenture to fund future Trust expenses. The Trustee is currently reviewing alternatives for loans to the Trust permitted under the Trust Indenture, including loans on a secured basis. In the event any loans are made to the Trust, the Trust Indenture will prohibit the Trustee from making any distributions to unitholders until those loans are repaid in full.
The extent of future distributions from the properties in which the Trust has an interest will continue to be dependent on normal factors associated with oil and gas operations such as oil and gas production levels, prices and associated cost, accruals for future abandonment costs, timing and extent of capital expenditures.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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LOS ANGELES, CA -- (MARKET WIRE) -- 05/22/07 -- Clinicares (PINKSHEETS: CCRC) announces the signing of a contract with the People's Liberation Army Hospital in Beijing, China to provide their functional beauty products, customized beauty products and their DNA Gene testing/diagnosis services. Clinicares will also have the license to provide its products and services to dermatologists and plastic surgeons within the Hospital. The doctors and medical personnel are especially interested in the micro needles because of the number of Chinese patients with scars.
Due to the size of the Chinese market and the anticipated demand for their products and services, Clinicares forecasts a significant increase in sales once established in China.
Clinicares will start the interior construction of their examining center facility in the Beijing Hospital by the end of the month and expects operations to begin within six months.
About Clinicares
Micro Roller and Peptide Product line:
With the conventional application of creams, gels or lotions only a fraction (less than 0.5%) of their active substances can penetrate the epidermal barrier (99.5% is lost). The upper skin layer (epidermis) consists of several layers and their structure is like a brick-wall.
The Clinicares Micro Roller, studded with nearly 200 extreme fine needles of medical grade stainless steel with a tip length of 0.2mm, is the latest revolutionary cosmeceutical tool in skin care treatments. When applied to the surface of the skin, it creates deep micro channels in the layer of dead cells that normally protects the skin. These enable the active ingredients of peptide-based products to penetrate more deeply and in greater quantities than simply applying the preparation to the surface.
The "Soft" Alternative for all Common Laser & Peeling Methods:
CTS (Clinicares Treatment Solutions) is a procedure, which stimulates the skin to produce a new collagen formation, thereby reducing wrinkles and improving skin texture. Clinicares Micro Roller is used to produce many microscopic channels in the skin, which stimulate your own body to produce new collagen. These channels improve (1000 times) the penetration of the highest concentration of peptides, vitamin creams, or any other liposomal serums. The Clinicares' peptide products, especially formulated to work with the Clinicares Micro Roller, stimulate skin renewal, which allows the skin to appear fresher, younger and with dramatically reduce fine lines and wrinkles. Clinicares Treatment Solutions (CTS) are longer lasting compared to artificial injected collagen.
DNA and Gene Testing and Diagnosis
The acquiring of the DNA Research Institute from KPNL Co. Ltd broaden the Company's core competency in DNA and Gene testing and diagnosis, which enhances their competitive edge in the rich cosmetic markets and preventive medicine industry. The research in pharmaceutical cosmetics allows Clinicares to enter the rapidly growing cosmetic medical treatment field including skin care clinics.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
-------------------------------------------------------------------------------- CONTACT: Halen Bach President Clinicares Inc. 8484 Wilshire Blvd. Beverly Hills, CA 90210 Phone: 213-384-0500
Source: Clinicares
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MIAMI, FL--(MARKET WIRE)--May 22, 2007 -- Prom Resources (Other OTC:PMRX.PK - News) submitted Gold Samples from Current shipments prior to having it Refined and sold. The results will be available when all shipments are refined and sold.
The samples submitted for testing are of 'free' and 'coarse' gold. "The 1st phase of this program at Prom is being completed. Our plan is to continue to ship significant amounts of gold barring product; this cash flow will cover further expansion and acquisition of new properties," said Dror Moradov, President of Prom Resources, Inc. "We expect our results to demonstrate the potential for higher grade mineralization."
Once these results have been determined the company will continue to extract amounts in the range of 100 kilograms thru 200 kilograms to further the Companies objectives.
About Prom Resources
Prom Resources, Inc. is currently engaged in the active exploration of gold ore. www.promresources.com and info*promresources.com
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of Prom Resources, Inc. and its subsidiaries (hereafter collectively referred to as "the Company," "we," "our" or "us") to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The words or phrases "would be," "may allow," "intends to," "may likely," "are expected to," "may continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Such statements include those concerning our expected financial performance, our corporate strategy and operational plans. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties.
Contact: Investor Relations contact: Dror Moradov President Telephone number: 954-697-2199
Posts: 596 | From: New Jersey | Registered: Apr 2006
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IRNG(.11) Receives Final Report on Whiskey Gap Drilling Tuesday May 22, 6:23 pm ET VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 22, 2007 -- International Ranger Corp, (the "Company") (Other OTC:IRNG.PK - News) is pleased to announce that it has received the final report for the Whiskey Gap Sandstone Uranium Project in Southern Alberta. During the project, anomalous Radioactivity was intersected in 31 of 37 drill holes.
During Phase 1 of the Exploration Program, 1342 meters of NQ drilling was conducted in a series of 15 holes in order to evaluate the area surrounding an extremely high radon anomaly discovered in an earlier water sampling program.
Anomalous radioactivity and Uranium values were encountered in DDH 05-02 up to 136ppm U over a 30 centimeter interval accompanied by a thicker zone of heavy metal enrichment. Closely spaced follow up grid drilling in the area showed that the heavy metals and Uranium mineralization occurred as a remnant zone within a strongly oxidized fluvial system.
Heavy metal signatures in neighboring holes suggest that the previously deposited Uranium mineralization has been remobilized by later oxidation, leaving an isolated pod.
During Phase 2 of the program an additional 25 holes of reverse circulation drilling was conducted in two new areas of very anomalous radon response.
The best result was encountered in DH 06-20 where thick reducing zones, containing organic carbon and disseminated pyrite occur.
The hole contained 3 stacked radioactive zones, 2 to 3 meters in thickness; these zones contained strongly anomalous Arsenic, Copper, Antimony, Selenium, and Molybdenum values. The levels of heavy metals equal or exceed those that occur in association with Sandstone Hosted Uranium deposits in the U.S.
Peak radioactivity was associated with weak but anomalous Uranium mineralization within these zones.
Management remains confident that the Whiskey Gap lands contain significant Sandstone Hosted Uranium mineralization, and announces that a third Drilling Program will be conducted on the Whiskey Gap project commencing September 2007.
The Whiskey Gap Project is a Joint Venture between International Ranger Corp. and North American Gem Inc. (CDNX:NAG.V - News) whereby the Company can earn a 70% interest by spending $1,250,000 over 3 years. An additional 10% can be earned by taking the project to feasibility.
The technical information in this news release was reviewed by Glenn S. Hartley, P. Geo., the QP for the Company under NI 43-1-01.
Safe Harbour Statement under the Private Securities Litigation Reform Act of 1995: The Statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, risks detailed from time to time in Rangers filings with the Securities & Exchange Commission.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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GTEC(.15) Partner, Lotus Pharmaceuticals, Releases First Quarter Results With Revenues Increasing by Nearly 27 Percent
BOCA RATON, Fla., May 23, 2007 (*********wire via COMTEX) -- Genesis Technology Group, Inc. (GTEC) announced that its partner company, Lotus Pharmaceuticals, Inc. (LTUS), released its first quarter results with revenues increasing by 26.73% and working capital reaching nearly $10 million.
The Lotus 10-QSB filing showed total revenues for the three months ended March 31, 2007 were $8,289,535 as compared to total revenues of $6,541,095 for the three months ended March 31, 2006, an increase of $1,748,440 or approximately 26.73%. Lotus reported income from operations of $1,129,779 for the three months ended March 31, 2007. The Company's working capital position increased $1,292,456 to $9,938,532 at March 31, 2007 from $8,646,076 at December 31, 2006.
In its well-established private-to-public program, Genesis has five additional contract partners: (1) Gold Horse International, in the final stage of the program before attaining public company status; (2) China Environmental Technologies, in the final stage of the U.S. auditing process; (3) Oriental Health Beverages, in the final stage of the U.S. auditing process; (4) Sino Steel Structures, in the pre-audit and pre-legal phase; and (5) LJ Pharmaceuticals, in the pre-audit and pre-legal phase.
About Genesis Technology Group, Inc.
Genesis Technology Group, Inc. (d/b/a Genesis China and GTEC) is a U.S. public company that partners with qualified Chinese companies to expand their domestic and international market opportunities. The customized private-to-public program seeks to tap in to Western capital markets to attain this goal. Commitment, dedication, and expertise are the key components to the Genesis "Mission Statement." It has created a successful profit center by incubating Chinese companies in a wide range of sectors, creating so-coined "partner companies." Genesis makes a long-term commitment with management consultation, board of directors composition, creation and implementation of successful business models, which include expansion of markets in China and abroad. To help drive the success and profitability of these operations, Genesis provides resources and proficiency to maximize partners' leadership potential in China and attempts to increase high-margin, predictable earnings. For more information, visit http://www.Genesis-China.net.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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GPSN(.126) Reports 173% Revenue Growth in Q1 2007
Accelerated Sales Build Company's Media Potential
VANCOUVER, British Columbia, May 23, 2007 (BUSINESS WIRE) -- GPS Industries, Inc. (GPSI) (GPSN), the only provider of Wi-Fi powered, advertising enhanced GPS systems for golf facilities, resorts and residential communities, today announced financial results for its first fiscal quarter of 2007, ended March 31, 2007.
For the first quarter ended March 31, 2007, the Company recorded total revenue of $2,257,000, compared to $826,000 in the year earlier period. This 173% increase in revenue was primarily realized through a 200% increase in sales of the Company's Inforemer(R) Golf Management System. The increase also reflects expanded marketing and sales efforts, the growing reputation of the Company's technology solutions, and a new two-tier pricing structure with sales incentives that had not yet been implemented in the year earlier period.
Cost of goods sold increased to approximately $1,400,000 for Q1 2007, compared to approximately $433,000 for the first quarter of 2006. The increase in cost of goods sold primarily reflects higher product sales. As a percentage of revenues, cost of goods sold increased from 52% to 64%. GPS Industries anticipates that its cost of manufacturing will improve in the current fiscal year due to continuing increases in sales volume and production efficiencies. In addition, the Company's strengthened financial condition will allow the Company to obtain superior financial terms from component and raw materials suppliers.
Gross profit for the first quarter 2007 increased 86%, to approximately $600,000 versus approximately $322,000 in the first quarter of 2006. Gross margins declined to 27% in Q1-2007, from 39% in Q1-2006. The shrinkage in gross margin is primarily explained by the modified pricing and sales structure that offers lower acquisition costs to customers that participate in the Company's comprehensive advertising program. As a consequence, Management expects greater levels of high-margin advertising revenue should be realized in future fiscal periods.
The Company's loss from operations increased to $2,685,996 in the 2007 first quarter over the loss from operations of $1,976,286 in the 2006 first quarter. The increase in loss from operations in the 2007 fiscal first quarter was due primarily to the lower gross margins resulting from sales incentives under the new pricing structure. In addition, the Company experienced increased sales and marketing expenses due to expanded trade show participation, and increased its investment in research & development.
Interest expense decreased 71% in the 2007 first quarter vs. the year earlier period, reflecting the Company's reduction in interest-bearing debt. The repayment of notes was facilitated by the December 2006 sale of $15.7 million (1.57 million shares) in preferred stock.
Loss per share in the first quarter of 2007 was $0.01, identical to the loss of $0.01 per share in the first quarter of 2006.
"This was a pivotal quarter for us," stated Robert Silzer, Sr., President and CEO of GPS Industries. "We've driven sales volume up substantially and as we continue to expand our margins will increase and our recurring revenue streams will grow handsomely. Moreover, the investments we have made in our cart-mounted Inforemer-HD display units will enable us to realize the full revenue potential of the digital advertising network that our installation base represents."
About GPS Industries (GPSI)
GPS Industries, Inc. (GPSN) is a global media and technology solutions provider whose GPS and Wi-Fi applications are best-of-breed in the vertical markets of golf course management and residential community development. In the golf industry, the Company's Inforemer(R) GPS Management System features an integrated Wi-Fi communications network, a comprehensive suite of management tools, and award-winning cart-mounted display units that provide an enriched playing experience for golfers and a lucrative advertising opportunity for the Company and its client facilities. In the community development vertical, the Company's WiStream(TM) division implements WiFi coverage throughout an entire development, creating a community-wide wireless 'hot-spot' which supports the Company's unique array of WiFi amenities: wireless internet connectivity, location tracking devices, wireless security protection, VOIP phones, mobile point-of-sale systems, and an interactive real estate sales tool. GPSI owns key patents for many important GPS and Differential GPS (DGPS) applications in fifteen countries worldwide, including the United States, Australia, Great Britain and Japan. For additional information, please visit http://www.gpsindustries.com.
Forward-Looking Statements
Some statements contained in this release may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to generate revenues and other factors as described in the Company's literature and filings with the Securities and Exchange Commission.
SOURCE: GPS Industries, Inc. GPS Industries, Inc. Steve Barrett, Chief Marketing Officer, 604-576-7442 steven*gpsindustries.com or Ryan Gray, Investor Relations, 310-276-6743 ryan*gpsindustries.com or CCG Investor Relations Sean Collins, Senior Partner, 310-477-9800, ext. 202 http://www.ccgir.com
Copyright Business Wire 2007
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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QMMG(.0052) Commences Shipping Low Sulfur Compliance Coal From Pond Creek Mine at Slater's Branch
PATERSON, N.J., May 23, 2007 (BUSINESS WIRE) -- Quest Minerals & Mining Corp (QMMG), a Kentucky based operator of energy and mineral related properties, announced today that it will commence shipping commercial low sulfur coal from its Pond Creek mine at Slater's Branch, Kentucky to three separate purchasers.
Stock pile analysis performed by Standard Labs of Whitesburg, Kentucky showed sulfur content of 0.42%, one third (1/3) of the EPA compliance coal standards of 1.20%. This puts the coal in what the industry refers to as "super compliance coal" for blending down higher sulfur coal seams.
Gene Chiaramonte, President of Quest, stated, "We are pleased that the run of mine coal establishes the low sulfur and desirable compliance nature of this coal. Indeed, we believe that purchasers will put this coal in their 'super compliance' stock piles to blend with higher sulfur coal. Out of the three proposed purchasers, we intend to develop several long term relationships to maximize the revenues from this coal. With the proposed development of the Lower Cedar Grove seam this summer, which has over 2,000,000 tons of coal in place, we look forward to building a substantial sales base. Recent tests of this seam shows a fluidity of over 1,500 and 13,800 BTUs, making it a great met blend product. "
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at http://www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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GRGR(.22) Expands Shareholder Base and Updates Investors
NEW YORK, NY, May 23, 2007 (MARKET WIRE via COMTEX) -- Green Energy Resources (PINKSHEETS: GRGR) has expanded its shareholder base to nearly 2100 investors. The data became available May 15th from the "NOBO" list of company shareholders. The company has retained most of its original shareholders and added over 500 new investors from 2006.
Green Energy Resources traveled to Florida and Georgia this week to procure upwards of a million tons of forest fire timber from the region at no cost to the company. The timber is valued at approximately $15-20 million. Green Energy Resources plans to use the wood to supply biomass power plants in the United States as well as for exports.
UTCS & Hurricanes
Hurricane predictions for 2007 have been issued this week indicating a very active year. Green Energy Resources is meeting in Fort Lauderdale, Florida, with federal storm clean up contractors to work on logistical plans for accessing the wood, and coordinating UTCS software for tracking and management. Green Energy Resources hopes to conduct the first ever inventory of storm damaged wood in the US in 2007. GRGR will also seek to procure millions of tons of the storm damaged wood to put in its own inventory adding substantial assets to the company.
US market and carbon offsets
US biomass markets have awakened with a myriad of activity. The Northeast and California in particular are ratcheting up power generation through biomass. Regional carbon trading markets have created a rush for carbon credits. Green Energy Resources is conducting ongoing negations to supply several US power generators with biomass and UTCS carbon Offset credits.
15c211
A 15c211 was filed with the NASD in April. The filing is intended to raise Green Energy Resources' status from "Unsolicited" to "Solicited." Approval by the NASD can take 8 weeks or more. GRGR has made all necessary Pink Sheet filings and is in full compliance to date. GRGR plans to post its quarterly financials shortly.
Public Float
Green Energy Resources remains debt free, and has not raised any public capital. The issued and outstanding shares remains the same at 55 million shares and the float at approximately 16 million shares.
CONTACT: Green Energy Resources Joseph Murray 631-375-7921 joe.murray*greenenergyresources.com http://www.greenenergyresources.com or Worldwide Financial Marketing, Inc. USA Investor Relations Int'l: 1-954-360-9998 Nat'l: 1-866-360-9998 Info * wwfinancial.com http://www.wwfinancial.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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LUVT(.11), an Online Dating Site (Luvoo.com), Is Proud to Announce That It Will Acquire Wag My Tail, Inc. (wagmytail.com), a Leader in Pet Grooming, Pet Grooming Schools, and a Franchisor Wednesday May 23, 6:07 am ET
TUJUNGA, CA--(MARKET WIRE)--May 23, 2007 -- Luvoo International, Inc. (Other OTC:LUVT.PK - News), a growing global online dating company, www.luvoo.com, is pleased to announce that it will acquire Wag My Tail, Inc., (www.wagmytail.com) on or before Tuesday, May 29, 2007.
Wag My Tail, Inc. was established in 2004 as a pet grooming salon, a pet grooming school to where individuals could become a certified pet hygienist and/or a certified pet groomer, and the sales of a Wag My Tail business opportunity to individuals seeking to acquire a Wag My Tail franchise. Currently, the Wag My Tail companies operate from three locations: the corporate location in Tujunga, California, a franchised location in Mission Viejo, California, and the third franchised location from Fountain Valley California. Furthermore, the Wag My Tail mobile van caters to pets in the San Fernando Valley, California such as Burbank, Glendale, La Canada, and more.
L. Yvonne Vanhoek, President of Luvoo International Inc., stated, "Most singles own either a dog or a cat. They don't want to come home to an empty house. We will offer the Wag My Tail services to members of luvoo.com so long as they live close to one of our locations, or they can request our mobile services at discounted prices. We are also in the process of establishing www.wagyourtail.com an online dating site for pet lovers. This, by all means, I call a perfect match!"
Luvoo International, Inc. (Other OTC:LUVT.PK - News) is a U.S. corporation that is aggressively gaining market share in the online dating industry. The company's strategy for growth is through celebrity endorsement, aggressive large-scale advertising, affiliate business opportunities and patent-pending concepts and technology such as "The Luvoo Dating Card," "Verified Member," and the latest concept, "Luvoo Matchmaking Game."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contact:
Contact: Luvoo International, Inc. Web site: http://www.luvoo.com L. Yvonne Vanhoek Email Contact
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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USEI(.068) Updates International Dual-Fuel Projects
TAMPA, FL, May 23, 2007 (MARKET WIRE via COMTEX) -- US Energy Initiatives Corporation ("US Energy" or the "Company") (USEI) today provided updates on the Company's international dual-fuel system projects. US Energy is an ISO 9001 certified manufacturer featuring a patent dual-fuel, diesel to natural gas conversion system.
-- During June 2005, the Company was engaged by the world's largest automotive original equipment manufacturer (OEM) to develop a dual-fuel system for sale in the Asian marketplace beginning with Thailand. Following the year of development, during June 2006, the Company entered a formal contract for the C190 Colorado Pick-Up program. During October 2006, the Company was notified the OEM intended to commence dealer-wide sales of the system during November beginning with a special auto show appearance. At that time, the test vehicles converted using the Company's technology had reached a durability cycle of 50,000 kilometers. The OEM then decided to delay the release of the dual-fuel system until the test vehicles successfully reached 100,000 kilometers. 100,000 kilometers is equal to the warranty period currently offered by the OEM. During May 2007, the OEM notified the Company that the test vehicles had successfully reached the 100,000 kilometer distance with no negative consequence to any engine component. The OEM has further notified the Company of their intent to offer the US Energy dual-fuel system through their dealership network starting in the June/July time period.
-- During 2006, the Company entered a $54,000,000 contract for the conversion of buses within Thailand over a five year period. During the first quarter 2007, the Company completed development and installed the first on-site system. The test vehicle was operated by PSGas to their satisfaction. The Company has since been working closely with PSGas to develop the service, installation and maintenance logistics. The Company anticipates it will install between 200 to 250 dual-fuel systems for PSGas during calendar 2007 in continuation of its contract.
-- During 2006, the Company, together with its China sub-licensee, entered a conversion program for China's second largest truck OEM. In the course of systems development, the Company improved the systems performance through a new actuator and tested the actuator with the client during the first quarter 2007. Following acceptance of the new component part, the China-based OEM converted four additional vehicles utilizing the new actuator component. The China-based OEM will now run a two-month test of the system utilizing the new actuator after which US Energy anticipates the sale of up to 250 systems during calendar 2007.
During 2005, the Company made the strategic decision to pursue large scale contracts with major OEMs. This strategy has caused the Company to dedicate its efforts in the long-term system testing and durability cycles mandatory for acceptance at the OEM level. US Energy has now successfully completed the system testing and durability cycles and anticipates the second half of calendar 2007 will demonstrate the validity of the Company's strategic positioning.
About US Energy Initiatives Corporation (USEI)
US Energy, formed in 1996, commercializes a patent dual-fuel diesel to natural gas conversion technology through the automotive aftermarket and through certain original equipment manufacturers. The Company's facilities include a state-of-the-art systems development and testing lab in PeachTree City, Georgia and an ISO-9001 certified manufacturing facility in Tampa, Florida.
Investors are cautioned that certain statements contained in this document are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. 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 US Energy Initiatives actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.
Contact: For US Energy Initiatives Corporation, Tampa Core Consulting Group Paul DeRiso 925-465-6088 http://www.usenergyic.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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MRED(.065) Engages China Direct, Inc. to Assist the Company with its Plan to Enhance its Business through Acquisitions
FORT LAUDERDALE, Fla., May 23, 2007 /PRNewswire-FirstCall via COMTEX/ -- MediaREADY, Inc. (MRED), a provider of innovative interactive, media- convergent entertainment devices, announced today that it has engaged China Direct, Inc. (CHND), a diversified management and consulting company for Chinese entities, to assist MediaREADY in its efforts to diversify through possible acquisitions of synergistic technology businesses.
MediaREADY intends to pursue an acquisition strategy in China that will focus on acquiring a Chinese entity that is currently generating substantial revenues and has achieved operational profitability. MediaREADY will utilize China Direct's expertise to formulate an acquisition strategy, screen potential acquisition candidates and develop a plan which management believes will enhance the Company's overall position in the equity marketplace. While the Company currently intends to continue the pursuit of its media operations, management will continuously evaluate its business objectives and strategies as its diversification plan unfolds.
Jeffrey Harrell, CEO of MediaREADY, explained, "We believe this strategy will enable the Company to capitalize on opportunities brought forth by China Direct as we continue to pursue our current business model. While management is committed to continuing in our current business model, we understand the need to build assets and business potential through diversification. We believe this diversification program will help us achieve that objective."
Mr. Harrell further explained, "With over 1.3 billion people, China is the world's most populous country and the world's fastest-growing economy over the past 25 years. With GDP output of over $2.23 trillion in 2005, China has overtaken France and Great Britain to become the world's fourth largest economy trailing only the U.S., Japan and Germany."
Mr. Harrell concluded, "The reason we have decided to pursue a course in China is that we believe we can acquire a Chinese company at a very attractive valuation based on net tangible assets as opposed to earnings multiples. The candidates we are targeting in China are operationally profitable and have tremendous potential for growth."
About MediaREADY Incorporated
MediaREADY, Inc (MRED) is a pioneer in the media center and portable media device markets offering products and services that provide consumers with new gateways to today's digital media and online services; therefore influencing how consumers are entertained, become informed, and communicate. The Company has launched several products in categories including; media center and portable media center products, customer support and affiliate promotion services. MediaREADY is focused on delivering products and solutions that are innovative, affordable, and easy to use. For more information on the MediaREADY product line, including purchasing information, visit http://www.MediaREADYInc.com.
About China Direct, Inc.
China Direct, Inc. (CHND) maintains active, majority stakes in a diversified portfolio of Chinese companies as well as offering consulting services for both private and publicly traded Chinese entities. China Direct provides a platform to develop and nurture these entities as they expand their businesses globally. As your direct link to China, our Company serves as a vehicle to allow investors to directly participate in the rapid growth of Chinese economy in a diversified and balanced way. For more information about China Direct, please visit http://www.cdii.net.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward- looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and, condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE MediaREADY, Inc. Investor Relations of MediaREADY, Inc., +1-954-527-7780, investor*mediareadyinc.com
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PCLI(.073) Reports 32 Percent Increase in First Quarter Revenue
Company Anticipates Strong Performance From Growing Customer Base
COMMACK, N.Y., May 23, 2007 (*********wire via COMTEX) -- Protocall Technologies Incorporated (PCLI), a leading provider of DVD on-demand services for retailers and etailers, reported first quarter revenue of $257,356, which represents a 32% increase versus the year-earlier period. The increase in revenue was primarily derived from the company's TitleMatch Internet fulfillment services business.
"While the first quarter increase in revenue was modest, the results do not provide a complete picture of the opportunities ahead," commented Bruce Newman, CEO of Protocall. "Over the last several months, we have seen an extraordinary increase in market awareness of our TitleMatch service, which has already resulted in a number of new business agreements and other pending arrangements that we believe will have a significant impact on our market visibility and future revenue growth. In addition, our distribution agreement with Overstock.com, Inc. where we provide a full range of on-demand digital media products commences this month."
"Given the heightened interest in our technology and on-demand services from large retailers, Hollywood studios and our other business partners, we believe the TitleMatch service is at the forefront of the emerging DVD on-demand market. We intend to capitalize on it as quickly as possible," added Syd Dufton, President of Protocall and Protocall's wholly owned TitleMatch Entertainment subsidiary.
Protocall's TitleMatch service enables retailers to have 100 percent in-stock availability from a virtual inventory of movies, television episodes and software products, which are burned onto CD/DVD discs with full color packaging at a retailer's Internet distribution center and/or store locations after being purchased by consumers.
For online orders, consumers browse and select available titles from an etailer's website with orders produced at product distribution centers, store locations or by Protocall's Internet fulfillment services group. At retail stores, consumers can browse and select available products from multi-media touch-screen display terminals located on the sales floor. Orders are produced behind the counter at an order fulfillment station by store personnel in minutes.
Further detail regarding 2007 first quarter results is available on the Company's Form 10-QSB quarterly report, which is available on the U.S. Securities and Exchange website http://www.sec.gov.
About Protocall Technologies and TitleMatch Entertainment Group
Protocall Technologies Incorporated is the innovator of CD and DVD on-demand content distribution. The company's flagship TitleMatch(tm) DVD On-Demand service, which is marketed exclusively through Protocall's wholly owned TitleMatch Entertainment Group division, allows retailers to burn brand name CD and DVD products at their stores and website distribution centers. The company's proprietary systems enable retailers to reduce their reliance on costly physical inventory, expand their selection of products, eliminate shrinkage and out-of-stock situations, speed time to market for new products and improve their operating margins with minimal space requirements. Visit http://www.protocall.com for more information.
This news release along with other investor information about Protocall Technologies is available at http://www.agoracom.com/IR/Protocall. To receive future news releases or request further information about Protocall Technologies, please email PCLI*agoracom.com.
The information contained in this news release, other than historical information, consists of forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those described in these statements. Forward-looking statements regarding the timing of developing, testing and releasing existing and new products, of marketing and selling them, of deriving revenues and profits from them, as well as the effects of those revenues and profits on the company's margins and financial position, are uncertain because many of the factors affecting the timing of those items are beyond the company's control.
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SIEN(.121) Files 2006 Form 10-KSB and First Quarter Form 10-QSB
LAS VEGAS, NV, May 23, 2007 (MARKET WIRE via COMTEX) -- Siena Technologies (SIEN) ("Siena") announced today that it has filed its Form 10-KSB at and for the year ended December 31, 2006 and its Form 10-QSB at and for the three months ended March 31, 2007, with the Securities and Exchange Commission. The Company had previously reported that its audited financial statements at and for the year ended December 31, 2005, and its unaudited interim financial statements for the three quarterly periods ended September 30, 2006, required amendment and restatement, and were not to be relied upon.
The Company has amended and restated its audited financial statements at and for the year ended December 31, 2005 and its interim unaudited financial statements for the three quarterly periods ended September 30, 2006 and for the comparative three quarterly periods ended September 30, 2005, and has included these audited and unaudited financial statements in its Form 10-KSB at and for the year ended December 31, 2006.
About Siena Technologies
Siena Technologies (formerly known as Network Installation Corp.), through its wholly owned subsidiary Kelley Technologies, is a technology company which specializes in the design, development and integration of communication technology and system networks for the resort and gaming industry as well as luxury high-rise condo developments (MDUs).
Kelley Technologies has also developed a patent-pending, proprietary next generation Race & Sports Book platform designed for the gaming industry and remains committed to developing the most advanced technology solutions to meet the desires of its clients.
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of wireless networks or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
COMPANY CONTACT: Chris Pizzo CFO 702.889.8777 pizzo*sienatechnologies.com
SOURCE: Siena Technologies, Inc. mailto:pizzo*sienatechnologies.com
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SGMG(.25) Signs Forbearance Agreement With PDS Gaming Corporation
MINNEAPOLIS, May 23, 2007 /PRNewswire via COMTEX/ -- MINNEAPOLIS, May 23 /PRNewswire-FirstCall/-- (SGMG) Spectre Gaming, Inc. announced today that it has entered into a Forbearance Agreement with PDS Gaming Corporation ("PDS"). Under the Forbearance Agreement, PDS has agreed to forbear on its rights under the Master Loan Agreement with Spectre until May 15, 2008 in exchange for the Company agreeing to deliver all revenue from the Company's AWP machines that were purchased using financing obtained from PDS under the Master Loan Agreement. In addition, the Company agreed to have operational by June 15, 2007, an aggregate of 273 AWP machines (financed by PDS) in the State of Florida, and to sell another 180 AWP machines (financed by PDS) to a third party.
D. Bradly Olah, CEO of Spectre stated, "We are grateful that PDS has entered into this agreement to assist Spectre in the restructuring of this equipment financing. With the consummation of this agreement, we are better positioned to work with PDS on future financing opportunities."
About Spectre Gaming
Spectre Gaming, Inc. is a provider of proprietary interactive electronic games to the amusement-with-prize (AWP) and charitable gaming markets. The Company designs and develops networks, software and content that provide its customers with a comprehensive gaming system. Learn more at http://www.spectregaming.com.
Contact: Spectre Gaming -- D. Bradly Olah, CEO, (612) 281-5000
Risk Factors and Forward-Looking Statements
This news release contains various "forward-looking statements" which are not historical in nature, including but not limited to statements using the terms "may," "expect to," "believe," "should," "anticipate," and other language using a future aspect. Such statements should be viewed as uncertain and should not be relied upon. Although our management believes that the results reflected in or suggested by these forward-looking statements are reasonable, all forward-looking statements involve risks and uncertainties and actual future results may be materially different from the expectations expressed in such forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include those set forth in the Company's annual report on Form 10-KSB for the year ended December 31, 2006. The forward-looking statements contained herein speak only as of the date when made and the Company does not undertake to update such statements.
SOURCE Spectre Gaming, Inc. D. Bradly Olah, CEO of Spectre Gaming, Inc., +1-612-281-5000
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DBSJ(.068) Launches eCRM On Demand Survey Software
eCRM Software Provides Online Surveys for Companies Wanting to Measure Customer Satisfaction
TORONTO, May 23, 2007 (MARKET WIRE via COMTEX) -- DATABASE SOLUTIONS, LTD. (PINKSHEETS: DBSJ), a Customer Relationship Management (CRM) and Technology Company for the Insurance & Financial Industries, is pleased to announce today the official launching of its online survey product eCRM Survey. http://www.ecrmsurvey.com
Database Solutions' clients have been beta testing eCRM Survey over the last two months. This valuable feedback from our clients was instrumental in the design and needs analysis of eCRM Survey. Database Solutions feels confident in being able to address the needs of both small and large businesses. Online survey represents a rapidly growing multi million dollar market that allows an efficient and cost effective solution for companies and government to measure customer satisfaction, provide market research on new products, concept tests, obtain 360 degree feedback and much more.
eCRM Survey is an on demand software product that will service the needs of companies wanting to design online surveys, collect data and analyze results. Features include Survey Templates, Reporting, Mailing Groups and Live on Demand Feedback. The companies' products advantages are lower costs, faster response times, higher response rates, convenience and anonymity.
Mr. Jason Wong, Chief Executive Officer of Database Solutions, stated, "We are very excited about this launch of eCRM Survey. This represents another successful product to join our growing line of Database Solutions offerings."
About Database Solutions, LTD.
Database Solutions, LTD. is a technology and marketing company in the on-demand Customer Relationship Management (CRM) industry and the software developer of Agent Intelligence. Database Solution's Agent Intelligence Technology is a proprietary browser-based software and was designed specifically for the insurance and financial industries to provide backend administration of insurance policies, client tracking and client marketing/selling strategies for an entire insurance brokerage or insurance company. The Company's family of products includes a comprehensive suite of CRM applications to help enterprises of all sizes, industries and geographies meet the complex challenge of sharing and managing information on-demand. Unlike other insurance administration systems currently on the market, Agent Intelligence focuses on the needs of the broker by simplifying their business while eliminating the paper administration involved in tracking their clients to increase sales. By automatically tracking all events along the lead development process an agent and/or manager is able to see any weaknesses in an agents selling process. Automated reports critical to both management and agent are automatically available through the use of the Agent Intelligence System. Agent Intelligence is 100% browser based and requires no hardware or software installation. The Agent Intelligence user also immediately benefits from complete upgrades and on-demand customization.
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Database Solutions, LTD. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Database Solutions, LTD. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.
For Investor Relations information, Contact: Harrison, Elliott, & Brown LLC Henry Harrison (407) 862-5151 hharrison*insidewallstreet.com http://www.insidewallstreet.com
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WPNC(.18) Merges with Intelective Communications, Inc. SACRAMENTO, Calif.--(BUSINESS WIRE)--West Point Capital, Inc (Pink Sheets:WPNC) is announcing today a merger with Intelective Communications, an established online advertising agency that owns an ad network of web sites.
“We have been providing very sophisticated online marketing consulting services, with emphasis on search engine positioning in excess of seven years and have a network of 50 revenue producing web sites that are focused on the automotive vertical,” said Lee Traupel, CEO of Intelective Communications, Inc. “The online advertising market is growing rapidly at a rate of approximately 28% per annum, generating over $4.2 Billion in revenue in Q-4 of 2006 and global search revenue is projected to increase from $4.5 billion in 2005 to $13B by the year 2010 - we want to leverage this tremendous growth through acquisitions and investment in the build out of our advertising network to drive incremental revenue.”
“Clearly the online advertising market is extremely dynamic and larger media companies are aggressively acquiring smaller firms in order to shorten time to market and grab market share – we’ve seen three large deals in the online advertising space in the last few weeks: Google’s acquisition of Double Click for $3.1 Google Buys DoubleClick for $3.1 Billion - New York Times, Yahoo’s acquisition of Right Media for $680 million and Microsoft’s buy out of aQauntive for $6 billion. We have no assurances that we would ever command this type of a premium in the marketplace, but we do want to aggressively position ourselves for future growth."
About Intelective Communications, Inc.
Intelective Communications, Inc. (http://www.intelective.com) is a leading provider of online advertising services including: domain selection and development, pay per click campaign management, search engine optimization, online media buying and planning, web site design and search engine targeted text and multimedia content development. The company has an ad network of 50 web sites that are targeted for the automotive vertical but is also building out a network of sites to address the Travel, Financial Services, Pharmaceuticals, Medical and general purpose Consumer vertical markets.
Founded in 1999, Intelective Communications, Inc. is headquartered in the Sacramento, California area and is managed by an experienced team of executives. The company has partnered with market leaders in pay per click campaign management, technology providers and has strategic relationships with a number of outsourcing firms in the US and Asia. For further information: http://www.intelective.com, investor*intelective.com, 800.804.5007
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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CGDE(.23) Completes Predictive Modeling and Service Line Integration Using Member-Need-Driven Approach
CareGuide's Unique Care Team Connect(TM) Matches Right Services at Right Intensity for Individuals Based on Need, Not Restrictive Protocols or Rules
CORAL SPRINGS, Fla., May 23, 2007 (BUSINESS WIRE) -- CareGuide, Inc. (CGDE), a total population health management company, today announced that its newly acquired One Care Street(TM) predictive modeling and health coaching system has been fully integrated with its care and disease management service lines. Called Care Team Connect(TM), CareGuide's unique health and care management approach matches interventions and care to meet individual needs, not protocol-driven requirements (visit http://www.careguide.com/careguide/html/Pressreleases.html for an overview of the difference between member and protocol-driven care).
"CareGuide now delivers a one-stop shop, integrated health and care management approach combining One Care Street predictive modeling, health coaching, disease education, utilization and case management, complex case management and nurse helpline processes," said Chris Paterson, chief executive officer of CareGuide. "What further sets us apart is that we look at the whole person, not just a set of disease conditions, helping us find more, miss fewer and help better."
Traditional disease management relies on a strict set of protocols and past healthcare usage to determine how, when and for how long individuals receive the set of prescribed interventions - an approach that is based on a rules-driven and relatively inflexible environment.
"Traditional disease management, on its own, is clearly not driving down healthcare costs as much or as fast as the healthcare community had hoped. CareGuide's new member-need-driven approach combines information technology with the much-needed human touch, reaching out to individuals who need and want care for both disease and non-disease based factors. We don't rely on a rules-based script to interact with members, and we don't limit the number of sessions to deliver the care needed," said Paterson.
Now integrated with Care Team Connect, the One Care Street system combines predictive modeling science and health coaching support to identify and help people who are likely to use large amounts of costly healthcare services before they need such services over the coming 6 to 12 month period. From 2005 to 2006, 10 One Care Street customers averaged a 5.1 percent reduction in overall healthcare costs, saving an average of $506 per insured per year and realizing an average $8 reduction in trended healthcare costs for every $1 they spent. "These are truly cost-trend bending results that are exceptional and, we believe, represent a large step forward in the industry," added Paterson.
"The beauty of the One Care Street system is that it uses powerful predictive factors related to health perception - not just claims information - to produce the 'right' call list. Since we find the right people to contact in the first place, we get remarkably high engagement levels with members and link each individual high-risk person to the appropriate 'combination' of disease education and coaching services," said Julie A. Meek, chief operating officer and executive vice president of CareGuide.
After taking the One Care Street survey, members receive care and intervention based on their risk-level and need for help with: 1) lifestyle and behavior change coaching, 2) disease education or 3) utilization, case or complex care management. After the initial session, each participant is matched with the appropriate service and access to nurses and coaches.
"Our health coaches, disease education nurses and case managers may all support a participant at one time or another. One participant may start out with coaching on a method of making sure he/she takes every prescribed dose of his/her heart medication, and then get referred to a disease education nurse who helps them understand how to talk with their doctor about side effects of the medication. Or conversely, a participant may start out with a disease education nurse for help with how to take insulin, but then get referred to the health coach for help with how to stick to their diabetic diet when traveling. Each participant's need is different, and therefore, we are flexible enough to accommodate that," said Meek.
About CareGuide
Headquartered in Coral Springs, Florida, CareGuide delivers health optimizing solutions that represent the next generation of disease management. CareGuide distinguishes itself by combining high human touch with technology to identify, engage, and help individuals in need - the Company's focus is to find more, miss fewer, and help better. Because of its unique One Care Street(TM) approach, CareGuide can identify an unprecedented two thirds of the next group of near term high utilizers of medical services, providing the opportunity to impact the medical trend of the entire population in a health plan or employer group. Visit http://www.careguide.com for more information.
This release contains information about management's view of the Company's future expectations, the integration of its healthcare products, the impact of the Company's product offerings on customer healthcare costs, and the Company's differentiating characteristics, that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with the Company's financial condition, the acceptability of the Care Team Connect product offering in the marketplace, the Company's ability to compete with disease management companies and others in the healthcare industry, the competitive environment generally in the healthcare industry and the growth of the healthcare market, as well as other factors that are discussed in the Company's Transition Report on Form 10-KSB for the nine months ended December 31, 2006, filed with the SEC on April 17, 2007, the Company's Form 10-Q for the three months ended March 31, 2007, filed with the SEC on May 15, 2007, as well as other documents the Company files with the SEC.
SOURCE: CareGuide, Inc. CareGuide, Inc. Jim Kerr, Vice President, 317-489-5900 jkerr*careguide.com
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SKZW(.013) in Contract to Wrap Part of Local IKEA Fleet May 23, 2007 8:50:00 AM DALLAS, TX -- (MARKET WIRE) -- 05/23/07 -- SkinzWraps, Inc. (PINKSHEETS: SKZW), a full-service vehicle wrap company, announced today that it recently secured and completed a deal to wrap a box truck and van, part of the fleet of a local IKEA in Frisco, TX. IKEA provided its trademark artwork and SkinzWraps handled the printing and installation. "Working with IKEA at the local level is something we're very happy about and we hope it could lead to more relationships with IKEAs on a regional or nationwide basis," says Peter C. Salaverry, Chairman & CEO of SkinzWraps, Inc.
About SkinzWraps, Inc.
SkinzWraps, headquartered in Dallas with locations in Los Angeles, Miami, New York and North Carolina is one of the nation's leading full-service vehicle wrap companies. SkinzWraps pioneered the concept of "wrapping" vehicles and continues to push this type of outdoor marketing to a new level. Its clients include: Sony Records, American IronHorse, Pepsi America, WingStop, Coors Light, United States Marine Corps, Hooters, Scion of Dallas, Clear Channel Communications, Universal Records, Auto Trader, The Luxor Hotel, CBS Radio, CompUSA and Earth Biofuels. For more information, visit the company's website at http://www.skinzwraps.com.
Forward-Looking Statements Disclosure
Forward-looking statements involve risks and uncertainties. This press release may contain "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Actual events could differ materially and substantially from those projected herein and depend on a number of factors.
Contact: SkinzWraps, Inc., Dallas Matt Salaverry 214-741-4529 www.skinzwraps.com
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CHICAGO, May 23, 2007 (BUSINESS WIRE) -- Diversified Ethanol Corporation, a subsidiary of Originally New York, Inc (Pink Sheets:ONYI) announces that the directors will be meeting for the purpose of voting in additional directors to serve on the board, which will have control of the company to better represent the interests of the shareholders. The directors will also be selecting a date for the company's annual shareholder meeting.
Diversified Ethanol has been working with potential ethanol plant customers regarding pending sales of its A500 ethanol plants. To improve production capacity limitations and allow the company to focus more on design and service, the company has been building relationships with subcontractors, and plans to outsource the various aspects of plant construction. This has freed-up certain assets and real estate, which will be liquidated to enhance operating capital.
One engineer from an agricultural manufacturing company said about Diversified Ethanol, "There is a really big need for these smaller plants. In parts of Europe, the sugar beet farmers don't have any market for their sugar beets, and the sugar beets are just rotting in the field. Sugar beets are all these farmers know, but there is no market for them. Each of these sugar beet farm valleys could have its own ethanol plant. The potential in Europe alone is very large. In Central America, in some rural places, the less desirable parts of the sugarcane are burned, up to 25%. A small plant would solve transportation issues with bulky crops, because it's cheaper to ship fuel than it is to ship low-cost crops."
Director Taylor Moffitt commented, "We're moving along with a new feasibility study, new markets, new product possibilities, and new ways to improve shareholder representation. We will be doing some internal restructuring that will help promote a shareholder-friendly balance of control."
About the company: Diversified Ethanol, a subsidiary of Originally New York, Inc, offers small ethanol plants. The plants are modular in design, and compatible with a wide variety of feed stocks. The company has an award-winning ethanol plant design and a dairy management system that pays for itself. The company will be creating a new website soon. The new website will replace the present one, which is located at: http://www.diversifiedethanol.com.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: Originally New York, Inc Originally New York, Inc, Eagle Grove Taylor Moffitt, 515-603-6292
Copyright Business Wire 2007
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SHMM(.03)Eclipses 2006 Revenues in First Quarter 2007
SPARTANBURG, S.C., May 23, 2007 /PRNewswire-FirstCall via COMTEX/ -- Southern Home Medical Equipment, Inc. (Pink Sheets: SHMM) is pleased to announce that the Company's First Quarter 2007 revenues have outpaced those of fiscal year 2006. The Company generated revenues of $186,676 from January 1, 2007, through March 31, 2007, which represents a 62 percent increase over the $116,171 generated in the previous four quarters.
"With the recent acquisitions and agreements, we are very pleased with where the Company stands after our First Quarter. We are in a favorable position with the recent agreement with Capital Business Funding, which will give us immediate access to funds normally tied up for extended periods," stated Greg Tucker, President and CEO of Southern Home Medical Equipment, Inc.
Earlier this month, Southern Home Medical signed an invoice funding package worth $4 million, with Capital Business Funding. The agreement stipulates that Capital Business Funding will purchase commercial invoices from Southern Home Medical at a discount. The process is called "factoring" and it will grant Southern Home Medical immediate access to cash that is normally tied up for 30, 60 or 90 days in accounts receivable. Southern Home Medical also recently announced the retiring of 10 million shares of common stock. Upon the completion of the retirement, the Company now has an estimated 51 million shares outstanding.
Additionally, Southern Home Medical recently completed the closing of Adaptive Medical Upstate, Inc., a durable medical equipment company located in Lyman, SC. As of May 1, 2007, all of Adaptive Medical's clients became Southern Home Medical clients. Adaptive Medical generated more than $800,000 in revenue in 2006. With the closing of Adaptive Medical, the Company is currently billing out approximately $103,000 in revenues each month.
About Southern Home Medical Equipment, Inc.:
Southern Home Medical is a holding company with a focus on medical equipment operations in the Southeastern United States. Formed in January 2005, with its principal place of business in Spartanburg, S.C., Southern Home Medical will be expanding its operations through the acquisition of existing durable medical equipment companies and through the start up of additional sites in strategic locations throughout the Southeast. Southern Home Medical provides "in-home" and nursing home patients with a complete line of medical equipment that includes: oxygen concentrators, semi-electric beds, wheelchairs, CPAPs, BiPAPs, enteral tube feeding, etc. Through its Encore Health & Wellness Division, Southern Home has also moved into additional health, wellness, and fitness related businesses to include Encore Medical Staffing, Inc. and Ladies Health & Fitness, Inc.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit http://www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.
SOURCE Southern Home Medical Equipment, Inc. Southern Home Medical Equipment, Inc., Investor Relations, +1-866-THE-APPL(E)
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HWBI(.0075) Announces Feature Listing of Three Premiere Big-Ticket American Show Cars
BOISE, ID, May 23, 2007 (MARKET WIRE via COMTEX) -- Hot Web, Inc. (PINKSHEETS: HWBI) announced today the Company has secured the listing to three of America's premier big-ticket show cars worth a combined estimated $800,000.00 USD in retail value. Each of the one-of-a-kind automobiles were designed, fabricated and built by Divers Street Rods, Inc., a custom Street Rod Builder based in the Pacific Northwest that is widely regarded as one of the premiere builders, both in the United States and worldwide.
Hot Web has teamed up with Divers Street Rods, and its respective owners, to market 3 of the most creative street rods in the world today, including a "Top 5 Pic Street Rod d'Elegence" and "Boyd Coddington Pro's Pick" designee 1948 Buick RoadMaster Convertible, nicknamed "LOWLA", a "Top 5 Pic America's Most Beautiful Street Rod" and "Street Rodder Top Ten" recipient 1937 Ford Minotti Roadster nicknamed "Bad In Black" and a "Top 5 Pick Most Beautiful Street Rod" honoree 1940 Pontiac nicknamed "1-Wicked-1."
To view the current photos and feature ads for these magnificent automobiles through the Company's HotAutoWeb division, please visit the following links:
Buick(R) and Pontiac(R) are registered trademarks of the General Motors Corporation. Ford(R) is a trademark of Ford Motor Company.
Brian Hanold, CEO of Hot Web, Inc., commented, "Divers Street Rods, a prominent force in the world of today's best Street Rods, was recently noted as Seattle Roadster Show 2006 'Custom Builder of the Year' and has been chosen by many of the top Street Rodders in the country for quality, creative design and fabrication." He continued, "Their uncanny ability to deliver on their mantras of 'Think out of the box,' 'Dare to be different' and 'If you're not living on the edge, you're taking up too much room' has made them a leader of the Street Rodding community. We are both excited and honored to have been selected by Divers Street Rods to market these fine automobiles."
The Company noted that, while more listings will be announced shortly, the successful listing of these automobiles brings the Gross Merchandise Value of the Hot Web's total listings for the three weeks of May 2007 to over $1.5 Million.
About Hot Web, Inc.
Hot Web, Inc. is engaged in the business of consigning "big ticket" transportation related items through its diversified presences, both online and offline. The Company's mission is to "change the way the world buys and/or bids online" by harnessing the power of the Internet and coupling it with human interaction and expertise to create a safe, productive, comfortable and 'Fraud Free' way to conduct online/offline commerce. The company utilizes both its internal certified regional representative base in addition to online third-party marketing tools like eBay Motors and others to attract and market vehicle listings.
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. Those statements include statements regarding the intent, belief or current expectations of Hot Web, Inc., and members of its management as well as the assumptions on which such statements are based. 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-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.
FOR FURTHER INFORMATION, investors are asked to visit the Company's website at http://www.hotwebinc.com
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DBYC(.0003) Posting 130% Revenue Improvement for 2007 First Quarter May 23, 2007 9:00:00 AM Copyright Business Wire 2007 LAS VEGAS--(BUSINESS WIRE)--
Disability Access Corporation (Pink Sheets: DBYC), a wholly owned subsidiary of PTS, Inc. (OTCBB: PTSH), reported today that they have recently filed financial results for the period ending March 31, 2007. Select highlights of the filing are as follows.
DBYC.PK sales revenue was $292,000 for the three months ended March 31, 2007 compared to revenues of $130,000 for the prior comparative period in 2006. "This represents a $162,000 or a 130 percent improvement compared to the same quarterly period in 2006. In addition, total operating expenses were reduced as was the net loss, for the first quarter," stated Peter Chin, CEO of Disability Access Corporation.
"The revenue growth is attributable entirely to the expansion of revenue from professional services. The improvement of DAC's operating revenues is a reflection of both the need for DAC's services and the skill of DAC's talented professionals, led by industry expert Barbara Thorpe, President of DAC," said Peter Chin.
Chin concluded, "With the pace DAC is on, we fully expect that DAC will continue to report positive net income in the coming quarters of the current year, and in fact revenue for the first half of the second quarter has already eclipsed revenue for the entire second quarter of 2006. We are very proud of DAC and anticipate its continued rapid revenue growth rate, and pending profitability."
About Disability Access
Disability Access Corporation conducts facility inspections, policy reviews and program analyses in addition to a comprehensive continuum of other compliance services. More than 54 million people in the United States have a disability, a number equal to 20% of the population. The Americans with Disabilities Act of 1990 requires all organizational entities, public or private, with more than 15 employees, to provide equal access for individuals with disabilities. It is estimated that there are more than seven million sites at risk across the United States. For more information about DAC, please visit: www.adaconsultants.com.
About PTS
PTS, Inc.'s subsidiary, Glove Box Inc. (www.ptspi.com), owns the rights to the patented, revolutionary Glove Box(TM), the only product that offers contamination reduction through automated glove dispensing. The Glove Box(TM) system is a free-standing dispenser of disposable latex gloves, which is being marketed by PTS in the United States and Asia.
Source: Disability Access Corporation
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NEW PALTZ, NY -- (MARKET WIRE) -- 05/23/07 -- American Scientific Resources today announced that the Company has signed an agreement with Global Media Fund to launch a multi-media advertising campaign valued at $1,000,000. American Scientific Resources, Inc. (PINKSHEETS: ASFX) operates two wholly owned subsidiaries, Heart Smart, Inc. and Kidz-Med, Inc.
The campaign is designed to educate consumers about, and build brand awareness for, the Company's Kidz-Med Inc. division and its market-ready products. It includes production and placement of ads for nationally syndicated newspaper features and radio programs, a short form DRTV ad for release on spot market television stations, cable systems, and/or networks, and a custom-designed internet campaign. An equally comprehensive campaign for the Company's Heart Smart, Inc. division and its products is scheduled for an aggressive rollout in 2008.
Specifically, the advertising campaign is designed to educate consumers about the features and benefits of Kidz-Med's premier product, the Kidz-Med Thermofocus®, the first non-contact infrared clinical thermometer, which ASFX anticipates will become the "gold standard" in thermometry.
"We're very excited about working with Global Media Fund to create this far-reaching media campaign for our Kidz-Med division. We're confident that the level of exposure provided by this campaign, combined with our revamped retail packaging and progressive market rates, will assure retailers of the salability of Kidz-Med products in general, and the Thermofocus in particular, and ensure that our sales initiative directed toward major retailers is successful," stated Dr. Christopher Tirotta, ASFX President and CEO. "Long-term our goal is for American consumers to recognize American Scientific as the leading U.S. distributor of innovative health and safety products," Dr. Tirotta concluded.
About American Scientific Resources, Inc.
American Scientific Resources, Inc. provides a broad range of family oriented healthcare and medical products through its wholly owned subsidiaries Kidz-Med, Inc. and Heart Smart, Inc.
Kidz-Med is a leading brand of innovative pediatric products, including the world's first non-contact thermometer, Thermofocus®. Heart Smart, Inc. sells a product line of nutraceutical supplements targeting the prevention of cardiovascular disease, utilizing the most bio-available form of CoQ10, Hydro-Qsorb®.
American Scientific Resources' growing customer base includes one of the nation's leading drug store chains and a nationwide medical supplier. American Scientific's products are carried by national drugstore chains.
Global Media Fund is committed to their clients' business success. They essentially become an investor in their clients company while providing them with strategic resources to achieve their goals and benchmarks. They provide the client with necessary tools for their success -- media and financial market exposure -- by simply taking restricted stock, not cash, for their services. That means they can use their cash to keep their business growing. Meanwhile, providing a variety of services that are integral to ensuring the clients company exceeds its potential. GMF's track record is impeccable. Millions of consumers across the U.S. have learned about their portfolio companies through a well-honed GMF media campaign. Global Media Fund works with the client to develop the right stories about their products, as well as helps them choose the right media vehicles to get them maximum visibility. Seeing their products and services in the newspapers and magazines, on television and on the internet will give the client's company the third party credibility it needs to attract investors and enhance market awareness. According to a Columbia University study, GMF's media features are 4 times more effective than traditional advertisements.
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
Contacts: Investor Relations ROI Group LLC John Tsemberides 212/495-0743 Email Contact OR Robert Giordano 212/495-0201 Email Contact
For the Company American Scientific Resources Erika Stanczak Vice President of Marketing 845/255-2200 Email Contact
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LAS VEGAS, NV -- (MARKET WIRE) -- 05/23/07 -- Dakshidin Corporation (PINKSHEETS: DKSC), through its wholly subsidiary Restec International Inc., is pleased to announce that it has signed a MOU with Kensam Echo-Tech Services Co. Ltd. (Kensam) to acquire a controlling interest in their firm.
Kensam has been operating in China for the past seven years in the Economic and Technical Services area within the Energy and Mineral sectors.
This acquisition will facilitate the marketing and development of the Restec Mark 10 windmill as well as furthering our development of a production series of modules that work with the windmill to produce electricity and provide fresh drinking water by either Flash Distillation or Reverse Osmosis.
The Flash Distillation system employs a novel approach to creating fresh water using low temperature and low pressure. Restec will be working in conjunction with another already proven technology employing Reverse Osmosis. As well as enhancing it, this innovative system can use the water pressure created by the windmill to force seawater through a series of Reverse Osmosis filters to create fresh drinking water using only the windmill as its power source.
The ability to draw water at a greater rate than any other windmill, in lower speeds as well as produce electricity and provide fresh drinking water is the "Triple Play" that is necessary for our Restec International Inc.'s product line to become a leader in providing the world's Arid regions with a "Total Solution."
Nick Laroche, President and CEO of Dakshidin Corporation, states, "Significant markets have already been identified for the production and delivery of Restec's products within China and several other Asian countries."
The final contract for this purchase is expected to be executed with the next few weeks.
Dakshidin Corporation is focusing primarily on acquiring companies in the renewable and sustainable energy markets and welcomes all companies to send us their business plans for evaluation.
In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, DKSC notes that statements contained in this announcement that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties. Accordingly, DKSC wishes to caution readers of this announcement that its future actual results may differ materially from those that any forward-looking statements may imply. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future. The above and additional factors are discussed in detail in the company's filings with the U.S. Securities and Exchange Commission. These may be viewed at www.sec.gov and many other Web sites without charge.
Contact: For Investor Relations contact: David Putnam mail: ir*dakshidin.com (647) 477-8440
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FT. LAUDERDALE, FL -- (MARKET WIRE) -- 05/23/07 -- Invicta Group Inc. (OTCBB: IVGR) announced today the 1st Quarter financial results and filing of their 10Q.
Invicta's 1st Quarter revenues were $254,907 for quarter ending March 31,2007 versus revenues of $25,061 for the same period in 2006.
Invicta's operating losses for the 1st Quarter 2007 were $156,275 compared to the same period losses in 2006 totaling $153,166. The loss per share for 2007 were ($.058) compared to 2006 loss per share ($.048).The company also wrote off $785,107 of Goodwill from the 1st Quarter acquisition as an Asset Impairment Charge, a one time charge, increasing losses to $941,382.
Invicta expects revenues to continue to increase and will strive to reduce losses, and focus on generating a profit in the near future.
INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company has 2 subsidiaries that both use the Internet as their key media to generate revenues: Travel Hot Link sells its Internet database of 40 million travel enthusiasts to Travel Suppliers that want to promote their discounted travel products: airline tickets, hotel rooms, tour packages, cruise cabins on the Internet 24/7; and Maupintour, an upscale escorted Tour Operator that offers over 90 tours to over 50 Countries, uses the Internet to promote their tours to Travelers and Travel Agents.
Additional information: Contact: David Scott COO dscott*invictatravelgroup.com or www.invictatravelgroup.com
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PTEL (.25) announce $1 Million Marketing Campaign
PR Newswire "US Press Releases "
LONDON, England, May 23 /PRNewswire-FirstCall/ - Petel Incorporated C.O.O. Philip Evans announced the Company's $1 million combined marketing plan, commencing June 2007. The Board has approved the spend, targeted to generate an audience in excess of 7.5 million viewers for the Company's Adult Broadband Channel www.SexQube.tv
The structured marketing plan involves $250,000 spend on sustained email marketing activity, three $160,000 strategic "burst" campaigns and a further $270,000 investment in sponsorship, cross platform promotion and promotional events and activities.
SexQube.TV, the world's first free-to-air Adult Broadband TV channel, is structured with multiple revenue streams, forecasted to deliver $3.3 million profit in the first year. The profit is derived from $6 million Video on Demand (VOD) sales, along with $1 million in retail sales from the SexQube TV secure online shop and a further $1 million in premium rate and advertising activity.
Petel Incorporated has previously confirmed it is ahead of its viewing target required to generate the forecasted figures. The Company confirmed it is receiving 25,000 new hits at SexQube.TV each day, placing it well ahead of the 200,000 hits needed each month to achieve forecasts.
Evans comments "Following a very successful launch we are looking forward to launching our aggressive marketing campaigns in the coming weeks. We continue to exceed forecasts and feel that implementing these plans will accelerate our growth and the market penetration of SexQube.TV."
Petel Incorporated's forecasts and business plan are included in the Corporate Overview, published on the Investor Relations page at www.petel.co.uk
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Petel, Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
SOURCE Petel Incorporated
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BKYI (.209) Closes on Sale of Fire Safety Division to ZOLL Data
PR Newswire "US Press Releases "
WALL, N.J., May 23 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in wireless public safety and finger-based biometric identification solutions, today said that it has closed the previously announced agreement to sell its Fire Safety business to ZOLL Data Systems, Inc. for $7 million in cash. Proceeds from the transaction will be applied to repaying debt and will be used for working capital purposes to accelerate investments in mobile applications for the Law Enforcement market and biometrics. ZOLL Data Systems is a subsidiary of ZOLL Medical Corporation which designs and manufactures resuscitation devices and solutions used by clinicians and EMS professionals.
"With this sale, BIO-key has the opportunity to more intensely focus its resources on accelerating the company's best-in-class applications for mobile and handheld devices used by law enforcement and public safety professionals as well as advanced identification solutions for businesses and government," said Michael DePasquale, BIO-key's Chief Executive Officer.
Tom Colatosti, BIO-key's Chairman added, "The proceeds from the sale will also eliminate all of our convertible debt and all our interest payments. In one grand move, we were able to sell a non-strategic business unit for approximately three times what we paid for it or nearly two times revenue; dramatically improve the quality of our balance sheet; and significantly improve our operating liquidity. With a stronger balance sheet, improved liquidity and a more focused marketing effort, I believe we will be able to accelerate organic growth and be better positioned for some new bold strategic alternatives."
About BIO-key
BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions and information services to law enforcement departments, public safety agencies, government and private sector customers. BIO-key's mobile wireless technology provides first responders with critical, reliable, real-time data and images from local, state and national databases. BIO-key's high performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise data to improve security, convenience and privacy and to reduce identity theft. Over 2,500 police, fire and emergency services departments in North America use BIO-key solutions, making BIO-key the leading supplier of mobile and wireless solutions for public safety worldwide. (http://www.bio-key.com)
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. The words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Media Contact: BIO-key International, Inc. Bud Yanak 732-359-1113
Investor Contact: DRG&E Gus Okwu, Managing Director 404-892-8178
SOURCE BIO-key International, Inc.
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TORONTO -- (MARKET WIRE) -- 05/23/07 -- Blackout Media Corp. (PINKSHEETS: BKMP) is still working towards the previously announced buyout; no further details are available at this time.
"We are still working through all the details and we hope to conclude the transaction by the summer," stated Sandy Winick, President of Blackout.
About The Fight Network
The Fight Network is a cross-platform media company with brand interest in television, pay-per view, radio, mobile and web. All five of these media are seamlessly integrated to offer fans of combatant sports and related entertainment a true convergence experience. The Fight Network Inc. corporate headquarters is located in Toronto, Canada. The Fight Network's Website is: www.thefightnetwork.com.
About Blackout Media Corp.:
Blackout Media Corp. is a holding company with an interest in Blackout Communications who is a diversified media and entertainment company conducting operations in digital television, VOD, PPV, radio the Internet and print under the brand name "The Fight Network." The activities of Blackout Media Corp. are conducted principally in Canada and the United States.
Safe Harbor
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 Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Media Contacts: Stephen Murdoch OEB International c/o The Fight Network Inc. Public Relations/Public Affairs Tel: (905) 682-7203 extension 22 Fax: (905) 682-7481 E-mail: smurdoch*oeb.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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WHKA (.0115) Announces the HNM Jr A Canadians and the Quebec Gladiators Join the WHA as Part of Its New Eastern Division
Market Wire "US Press Releases "
VANCOUVER, BC -- (MARKET WIRE) -- 05/23/07 -- The World Hockey Association (PINKSHEETS: WHKA) confirmed this morning that it has created a new Eastern Division in the Canadian Province of Quebec and that two of Quebec's successful Junior Hockey franchises have joined the WHA.
The company disclosed the creation of its new Eastern Division was an integral part of its ultimate goal to operate a Hockey Association which will fully span from the eastern coasts to the western coasts of Canada and the United States of America.
The WHA reported the league is very pleased that two established and successful hockey franchises in the Quebec Province, the HNM Jr A Canadians & the Quebec Gladiators, have been accepted by WHA League officials as the first two teams to become a part of its new Eastern Division.
The HNM Jr A Canadians are located in the city of Montreal and the Quebec Gladiators are located in Quebec City. The two franchises operate full hockey programs including summer development camps for a variety of age groups. The HNM Jr A Canadians, for example, have been in existence since 2002 and help develop and promote players to the college and professional levels. For more information on the franchises, see www.hnmjracanadians.com
WHKA CEO Ricky Smith stated, "As many of you are now aware, Bobby Hull, Garry Unger and I have planned from the very beginning for the WHA to become a coast to coast Junior A League. Of course, all of this means we will most likely end up with more than 16 teams for the coming season.
"The decisions of two proven winners, like the HNM Jr A Canadians and the Quebec Gladiators to join the World Hockey Association have made it possible to form a new Eastern Division this year instead of next. Both franchises are of extremely high caliber in their operational talent and organizational structures. We anticipate that we should be able to announce additional teams for this new division as well as our other new divisions very soon."
Smith added, "Our Junior A hockey plan is now in the midst of its fulfillment and the two Quebec Province franchises which have now become a part of the WHA are indicative of the quality of teams we expect will be the standard for our hockey league. As the months and years progress, we fully expect the WHA to have a presence in all of the Provinces of Canada and to stretch across the Northern States of the USA."
Smith continued, "We wish to assure our shareholders that the personnel will be in place to deal with a much larger WHA. We should be at least three to four times the size we were in the 2006-2007 season and yesterday's announcement that Butch Goring has now joined us should indicate that we are prepared to handle the challenge our larger size creates."
About the World Hockey Association:
The World Hockey Association created the WHA Hockey League to promote the sport of hockey. The WHA Hockey League is the successful combination of hockey and education & will create opportunities for the talented student athletes 15-20 years of age to showcase their skills in a highly competitive environment.
The single most important element of the WHA is the successful combination of hockey and education. Players in the WHA are expected to treat their academic education as a priority equal to their athletic development. Each team is expected to combine a high level of competition with a commitment to education.
With a schedule of more than 50 games, practice time, off-ice conditioning and public appearances, players should be well prepared for their next level of hockey, whether it is at the college and university level, or as a professional.
The 2007-2008 season will feature a transformation to Junior A Hockey and a significant expansion. The result will find the WHA firmly established in British Columbia, Alberta, Quebec and the Northwestern United States.
As a listed company on the Over-The-Counter Pink Sheets our mission is to provide a financially sound economic model that is responsible to WHA investors, coaches and staff, and the junior hockey players participating on each team. Fan satisfaction is a primary consideration in our decision making process.
Forward-Looking Statements
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices and other factors discussed in the company's various filings with the Securities and Exchange Commission. The World Hockey Association cannot be responsible for the statements or actions of John D Briner, The Briner Group or Global Developments, Inc.
CONTACT: Ricky Smith 989-794-6444
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LAS VEGAS, NV -- (MARKET WIRE) -- 05/23/07 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) subsidiary Franklin Mining, Bolivia S.A. continues to develop multiple projects in Bolivia and is pleased to be able to issue this update on the status of current projects.
Delta Consult Grant Thornton International recently completed a special audit of Franklin Mining, Bolivia's incoming and outgoing cash between June 2004 and June 2006. This special audit was requested to insure that all internal policies and procedures had been followed.
Franklin Mining, Inc. management used the Delta Consult Grant Thornton International special audit report as a guide in modifying both staff and internal operations to insure the subsidiary company is equipped and prepared to meet the challenges of the coming years.
Franklin Mining, Bolivia S.A. continues working with CENTROMIN engineers and technical staff as installation, procurement and production timelines at the Pulacayo processing plant are reviewed and implemented. Obtaining final approval of the plant's design was delayed for almost nine months due to management difficulties within Franklin Mining, Bolivia S.A. that are now resolved.
The processing plant, to be completed under the direction of Ing. Walter Lesteros, is a design widely used throughout Peru's mining industry. Management anticipates the plant will initially process a minimum 200 tons per day.
Franklin Mining, Inc. CEO Jaime Melgarejo, Jr. and members of the Franklin Mining, Bolivia S.A. staff will travel to Cerro Rico de Potosi on Friday, May 25, 2007, to meet with COMIBOL personnel as they perform a final evaluation of recently submitted production studies for Franklin's plan to begin mining operation at this historic site.
Dr. David Roy Rivas Murillo has resigned his appointment as Senior Financial Analyst.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia; Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Additional company information is available at www.franklinmining.com.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
For further information, please visit our website (www.franklinmining.com) or contact our Investor Relations firm, A. Austin & Company, 1-702-386-5379.
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GRXI (.0034)Announces TOURCO as Client for First-Released Direct Connect Travel Distribution Solution Through Its Voyager Network
Market Wire "US Press Releases "
TEMECULA, CA -- (MARKET WIRE) -- 05/23/07 -- GTREX Capital, Inc. (OTCBB: GRXI), a holding company with subsidiaries doing business in the travel industry, today announced that its first completed "direct connect" solution is in place for TOURCO, a leading tour operator in the eastern United States and Canada. TOURCO's customers can now access travel inventory using XML via OTA (Open Travel Alliance) specifications within Global Travel Exchange's Voyager Network travel distribution platform.
Voyager Network is a more efficient and cost-effective connection between customers and the tour company, which includes packages and accommodations. Voyager Network's direct connect solution offers vastly improved services while reducing distribution costs for the supplier.
For 25 years, TOURCO has been the specialist in travel to the eastern United States and Canada, providing fly/drive tours, coach tours, hotels, inns, bed and breakfasts and services. TOURCO's service spectrum includes scheduled-departure motor coach tours from Boston, New York, Washington DC, Atlanta, and Toronto, Canada; escorted motor coach series; preplanned Fly Drive programs; FIT hotels; city and resort stays; inn and character property programs; multilingual tours; golf programs; customized itineraries; meet and greet services; transfers; optional tour offerings and comprehensive passenger documents/guide books.
TOURCO was founded by Gerald DiPietro in 1980. Initially called Cape Cod Tour and Conference Associates, its primary tour product was Cape Cod destination tours. The company's successes led to increased demand for fully packaged New England programs. The company evolved into TOURCO in 1981. In 1988, TOURCO went global, marketing its Cape Cod and New England programs for individuals and groups to tour operators in Europe, Australia and South America. Today, with its headquarters in Nobleboro, Maryland and offices in Boston, New York, Philadelphia and Toronto, TOURCO's geographic expertise encompasses the South, Mid Atlantic, Eastern Canada, Canadian Maritimes, New York and New England. TOURCO's average annual operation includes more than 800 group tours, hosting in excess of 80,000 visitors (including 40,000 FIT passengers).
"We are extremely pleased to have a company of the quality of TOURCO as the first tour based client for the Voyager Network travel distribution platform," stated Ron Lindsay, president of GTREX Capital and Global Travel Exchange. "TOURCO has been an excellent partner through the final development stage of the Voyager Network, and implementation has been made even easier by the professionalism and high standards of TOURCO's management and throughout the organization. We look forward to a long and successful relationship with TOURCO."
Mr. DiPietro, who serves as TOURCO's president, commented, "With the ability of XML TOURCO will unquestionably reach increased levels of demand and sales, while at the same time increasing our booking productivity. We are very excited about offering the benefits of XML to our customers."
Global Travel Exchange has developed and implemented several XML (Extensible Markup Language) interfaces, in accordance with OTA (Open Travel Alliance) specifications, to ensure a direct connection between the client and the suppliers of travel services. Global Travel Exchange translated the tour company's data to OTA-compliant XML as part of the preparations for the direct connection through Voyager. XML, a cross-platform software- and hardware-independent tool for storing and transmitting information, is becoming the standard method to communicate data between servers and between servers and browsers. Global Travel Exchange's high-quality direct connection provides clients with access to higher quality information, translating into more convenience for travelers and travel arrangers.
To sign up to receive information by email directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.php.
About TOURCO
In 2000, TOURCO celebrated its 20th anniversary as the east coast's premier inbound specialist. TOURCO's existing portfolio of travel products includes fly drive tours, FIT and motorcoach tours, city packages, gateway services, FIT hotels and inns, resorts and character properties, escorted coach and minivan tours and cultural tours. TOURCO Territory, diverse and distinctive, comprises the American South, Mid-Atlantic and New England and Eastern and Maritime Canada, with more gateways than any other North American destination.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a holding company with subsidiaries doing business in the travel industry. Global Travel Exchange, Inc. (www.gtrex.com), a GTREX Capital subsidiary, has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. GTREX Capital recently acquired all of the outstanding shares of Global Travel Partners, a Nevada corporation that owns 100% of AsiaWorld Travel Vancouver, Ltd., and Dominion Pacific Travel, two British Columbia-based travel companies.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of GTREX Capital, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact: Gemini Financial Communications, Inc. A. Beyer 951-587-8072 Email Contact
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ABVG (.08) Signs Acquisition Agreement With Toiyabe Resources, A Nevada-Based Uranium Project
Market Wire "US Press Releases "
LITTLETON, CO -- (MARKET WIRE) -- 05/23/07 -- ABV Gold (PINKSHEETS: ABVG) announced today that it has officially signed an acquisition agreement and has acquired 100% of Toiyabe Resources LLC and its Uranium Mining Projects located on the mining claims in the Reese River and Birch Creek mining districts of Lander County Nevada.
"This is a major step in developing our company and becoming a major player in the base, precious and strategic metals," said Sylvain Amyot, President of ABV Gold Inc. "Several geologist have visited the Toiyabe Uranium property, which covers over 1,200 acres and further to the preliminary data gathered, they estimate the discovery potential between 12 million lbs to 20 million lbs of Uranium in recoverable reserves and if we account at today's market prices of over $130/ lb, we could be sitting on a property with well over $1 billion USD of Uranium to mine," further added Mr. Amyot.
The company expects to launch its new website and release a complete report on the Uranium property and other precious metals property in the following weeks as well as file its new disclosure statement with Pinksheets.
About ABV Gold
ABV Gold Inc. is gold and precious metals mining company founded as an exploration company to locate, explore and mine world-class deposits. ABV Gold Inc. is publicly traded on the Over the Counter Pinksheets Market.
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: Sylvain Amyot Interim President samyot*abvgold.com
Alex Barta Investor Relations 514-991-2272
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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CRLJ (.006) Meets Financial Disclosure Requirements for Pinksheets.com
Market Wire "US Press Releases "
VANCOUVER, BC -- (MARKET WIRE) -- 05/23/07 -- Core Resources (PINKSHEETS: CRLJ) announced today that the company has filed its current financials and 15c211 disclosure document with www.pinksheets.com. All information should be available on Wednesday, 5-23-07 by typing in the ticker symbol CRLJ on www.pinksheets.com. Additionally, the company has finished the corporate information website (www.crlj.biz) where interested parties can find information on the company including a corporate overview, management overview, stock quote, link to financials, archive of press releases, general information on the uranium industry and specific information on Core Resources business operations. Due to the preliminary nature of Core Resources operations, some of the information is not available but will be posted to the site as conditions warrant.
In related news Core Resources is working towards closing the previously announced LOI to acquire mineral rights to mine for Uranium in the Quebec Province of Canada. Management expects further developments within a week's time and will update the shareholder community with further details on the specifics of this project in the near future.
Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "potential," "estimate," "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.
Investor Contact: Patrick Rost PMR and Associates, LLC 760-703-6753 PMRandCo*aol.com
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