MADISONVILLE, LA, Jul 06, 2006 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (PINKSHEETS: PBLS) (www.pbls.biz) herein presents selected financial and operational data, for the benefit of its shareholders, as it progresses with its independent audit of 2004 & 2005. Revenues for the full-year 2005, if full year participation of 2005 acquisitions was assumed, increased to $165,971,862, up strongly from $465,452 in 2004.
Operational and Other Recent Highlights:
-- Phoenix announced on June 20th that it completed the acquisition of TCB Properties, U.S. Inc., a Florida corporation.
-- Phoenix announced on June 20th that it filed a corporate action with the Nevada Secretary of State to increase its authorized shares of common stock from 997 million shares to 1.75 billion, and to increase its authorized shares of preferred stock from 3 million to 250 million.
-- Phoenix's Board of Directors on June 19th issued a clarification of its stock repurchase program and announced it would repurchase up to one hundred million shares at a price of $0.03 per share.
-- Phoenix announced on April 26th that it has completed a stock repurchase program announced last November 9th with the buy back of more than 110 million shares of its common stock and announced it would continue the stock repurchase program for an unlimited number of shares of Phoenix Common Stock.
-- Phoenix announced on May 23rd the recent approval by the US Army Corps of Engineers of aggregate products from the Company's Murphy Sand & Gravel reserves for use in the rebuilding of the Greater New Orleans area and the Gulf region.
-- Phoenix announced on May 2nd it had acquired three Texas-based oilfield companies; Sam's Oil Country Inspection Services, Inc., CM Ideal Energy Services, Inc. and CM Ideal Energy Directional Drilling Services, Inc.; businesses that are expected to contribute revenues of approximately $11 million in 2006 with operating profits of approximately $2 million.
-- Phoenix announced on December 15th the acquisition of ProGas, Inc. of Covington, LA, a natural gas and oil marketing company.
Paul Alonzo, President and CEO of Phoenix, stated, "I am very pleased with the strong growth of our Company over the last year. We at Phoenix believe that our business model has made it possible to grow rapidly in 2005 & 2006, and to continue on our path to becoming a much stronger company in the chosen business sectors being pursued. Our philosophy of growth, to buy, buy, buy, and then buy some more, is the philosophy that made it possible for us to grow from under a million in revenues in 2004 to more than $165 million in revenues in 2005. This is terrific growth by any measure." Mr. Alonzo added, "Our balance sheet continues to strengthen as a result of the strong operational performances through our assembled companies. Our net cash balances exceeded $6.6 million at the end of 2005, showing a healthy trend."
Financial Highlights and Comments:
The Company's financial data is prepared in accordance with Generally Accepted Accounting Principals (GAAP). The audit of 2004 & 2005 data is in progress and will, upon completion, fulfill SEC and SOX requirements for publicly traded companies, even though Phoenix is not currently required to conduct this level of audit.
The following items will be helpful in understanding the financial and operational status of the company:
-- Net cash balances, total cash and cash equivalents, on December 31, 2005 totaled $6,649,963 compared to $ Nil on December 31, 2004.
-- Murphy Sand & Gravel is located on 820 acres in Pearl River, LA.
-- Dr. Gordon P. Boutwell, Jr., PhD, PE, Senior Consultant for Soil Testing Engineers, Inc. (STE, Inc.) has provided documentation valuing mineral deposits of Murphy Sand and Gravel at $189,600,000 minimum and in excess of $300,000,000 maximum.
-- The land lease for Murphy Sand & Gravel is carried at acquisition cost. Should a revaluation of this asset occur a new valuation could be considerably higher than what is currently indicated.
-- The total exploration land leases consist of 2,075 acres in Natrona County, WY; 880 acres in Carbon County, WY; 7,868 acres in White Pine County, NV; 329 acres in Fentress and Pickett Counties, TN; 283 acres in Adair County, KY; and 122 acres in Clinton County, KY.
-- Land leases for exploration are reflected on the books of the Company at acquisition cost. It is felt that this is the most conservative method of valuing these assets. Current market valuation could be considerably higher than acquisition costs.
-- The Rome Oil/Mid South division of Phoenix currently has several completed wells pumping a total of approximately 12 - 15 barrels of oil per day on Company leases in the state of Kentucky. The Company has chosen not to book these reserves pending further geological and reservoir engineering studies.
-- Phoenix purchased its corporate office building in late 2005. It is carried on the balance sheet at cost, plus modifications and improvements. It is our feeling that the market value of this property is significantly greater than the purchase cost. An appraisal will be requested and valuation will be adjusted accordingly. There is no mortgage attached to this property.
-- Phoenix currently has no institutional related long term debt.
Though Phoenix has chosen not to put a value on its oil reserves, the following points are worthy of note:
-- The Company's leases in Natrona County, WY, entitled S.E. Burke Ranch, are in close proximity to Salt Creek Field (660.5 mmbo) and the Teapot Dome Naval Reserve (26.4 mmbo). Other successful drilling has occurred in close proximity to these leases. John J. Wanner C.P.E. and James O. Breene, Jr., Geologist, through communication and research, estimate reserves to be in excess of 8,100,000 barrels minimum and 13,100,000 barrels maximum. At $60 per barrel, valuation is $486,000,000 minimum and $786,000,000 maximum.
-- The Company's leases in Carbon County, WY, entitled Shirley Anticline Prospect, are located on the extreme southwest flank of the Shirley Basin in southeast central WY. Considerable drilling activity has taken place in the surrounding areas and substantial finds have occurred for both oil and natural gas. James O. Breene, Geologist, estimates reserves in the Shirley Anticline Prospect lease area to be approximately 5,000,000 barrels minimum and 10,000,000 barrels maximum. At $60 per barrel, valuation is $300,000,000 minimum and $600,000,000 maximum.
-- The Company's leases in White Pine County, NV, entitled Cabin Spring Prospect, are located in Long Valley, in the northwest part of the county in east central NV. In addition to surface and subsurface geological and geophysical information, a 5 mile proprietary seismic line and 25 sq. mi. of proprietary gravity data were used to define the prospect. Successful exploration in the region has resulted in the discovery of fields in the range of 5 to 20 million barrels, primary recovery. Don E. French, Geologist and John Vreeland, Geophysicist, estimate total reserves at the Cabin Spring Prospect lease area to be estimated conservatively at 20,000,000 barrels minimum and 50,000,000 barrels maximum. At $60 per barrel, valuation is $1,200,000,000 minimum and $3,000,000,000 maximum.
About Phoenix Associates Land Syndicate (PBLS) Phoenix Associates Land Syndicate (PBLS) is a public holding company, with hundreds of stockholders, that has purchased motivated companies in order to enhance its assets and income basis. Since 1978, PBLS has developed assets and/or interests in sand & gravel, soil products, land development, oil and natural gas, commodity brokering, trucking, contract hauling, construction, swimming pool construction and construction related industries. For more information, visit www.pbls.biz.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
Contact: Osprey Partners Mike Mulshine 732-292-0982 osprey57*optonline.net
SOURCE: Phoenix Associates Land Syndicate
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PSCO (.06) Potential $2.3Bil Government Contract
Contract Is for Field Work for Federal Government Background Investigations
FALLS CHURCH, VA -- (MARKET WIRE) -- 07/06/06 -- USIS, a leader in pre-employment screening, drug testing, and insurance services, and the largest provider of security investigations to the U.S. government, has been selected by the Office of Personnel Management (OPM) as one of several companies that will provide field investigation services for federal government background investigations. The overall contract has two base years and three option years for a total potential value of more than $2.3 billion.
"We are pleased that the Office of Personnel Management selected USIS to continue its field investigation work in support of the federal security clearance process," said Randy Dobbs, CEO of USIS. "We take our role in the overall security of this nation seriously. We have worked hard over the past ten years to establish a hiring and screening system for new investigators, basic and advanced training programs for our investigators, and contract management procedures that ensure we are providing the best possible services to OPM and the federal government."
The contract is managed by USIS's Investigative Services business, which is currently providing services to OPM in this area under a previous five-year contract, and approximately 2,900 field investigators and managers located across the U.S. will perform work in support of the contract. USIS Investigative Services is working on a transition plan with OPM and will begin providing services under the new contract in early July.
USIS is a worldwide provider of background investigations, pre-employment/drug screenings, insurance information services, due diligence and risk management assessment, and security and related professional services to businesses, federal agencies, and institutions. USIS is the largest supplier of security investigations to the U.S. government and a major global provider of security support services, training, and consulting solutions for government agencies. Headquartered in Falls Church, Va., USIS has more than 7,000 employees supporting business operations in all 50 states, U.S. territories, and overseas. For more information, please visit www.usis.com
Media Contact: Michael John Mobile: 703.343.3325 Office: 703.637.1694 Email Contact
-------------------- The difference between genius and stupidity is that genius has its limits
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GREM USA (GRMU) Closing price .0008 President and CEO Edward Miers Bought back 750,000,000 That is 750 MILLION common shares on July 3rd,2006 to the tune of $375,000. Talk about insider buying!!!! WOWO
Ed Miers now controls 66% of the entire float leaving about 1.9 billion and deducting certain loans that are using shares as collateral and long term share holders the actual float is some where in the range of .9 -1.43 billion. There is no toxic restricted shares on the books that could be converted to crazy amounts of common shares. No convertable debentures recorded. There was only one RS that was recorded under Ed Miers watch and that was executed on 11-02-04 at a 1:200 rate. This was executed by Ed Miers at the time he purchased the dirty shell. Prior to that there were many RS's recorded. Ed miers latest pr dated July 4, 06 stated that he would not do an RS and there was no need to increase the AS. I guess not if he bought back $375,000 worth! I see this as great news as he has locked these shares up for 2 years before he can file a form 144 to sell any of them.
GREMS factory is complete and ready for full production the end of July or early August with proposed shipping of finished product in September foward for the 06 holiday season.
GMRU looks to be a truly undiscovered penny stock with a CEO that appears to want to create true share holder value the old fashion way. Through trust and hard work. GREM's website is GREMUSA.com, which BTW has just been completely reworked and is being tweeked on a daily basis.
GRMU -- GREM USA Com ($0.001) FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2008 Estimated average burden hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
Miers Edward Richard 2. Issuer Name and Ticker or Trading Symbol
GREM USA [ GRMU ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director __ X __ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) President/Secretary/Treasurer (Last) (First) (Middle)
2609 KINGSTON POINT 3. Date of Earliest Transaction (MM/DD/YYYY)
7/3/2006 (Street)
FORT WAYNE, IN 46815 (City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)
7/6/2006 6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price common 7/3/2006 A 750000000 A $375000 2814953210 D
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivate Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Reporting Owners
Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Miers Edward Richard 2609 KINGSTON POINT FORT WAYNE, IN 46815 X X President/Secretary/Treasurer
Signatures
Edward Miers 7/6/2006 ** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
-------------------- It will run when you least expect it. :)
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Avalon Oil & Gas To Begin Work-Over on Chance # - 2 7/7/2006
MINNEAPOLIS, Jul 07, 2006 (BUSINESS WIRE) -- Avalon Oil & Gas, Inc., (OTCBB:AOGS) announced today that KROG Partners, LLC, operator of the E. A. Chance # - 2, has secured a work-over rig. Avalon has a fifty percent (50%) working interest in the wellbore.
Avalon's Chief Executive, Kent Rodriguez, commented, "We expect the work-over to commence early next week; the well should begin to produce shortly thereafter. We continue to make significant inroads in terms of increased production capacity on lease assets we believe to have low-risk and high production profiles and are continuing our efforts to locate and acquire new lease opportunities consistent with our growth-at-a-reasonable-price philosophy." He continued, "We believe that with enhancements, production profiles and capabilities on these properties can be ratcheted up dramatically, allowing this acquisition to effectively 'pay back' its principal purchase price within twelve months. We are currently evaluating other opportunities with similar return profiles and anticipate announcing more developments shortly."
About Avalon Oil & Gas, Inc.
Avalon Oil & Gas, Inc. is an opportunistic acquirer and operator of producing oil and gas properties that possess high quality and low risk profiles and the opportunity to leverage additional production through property enhancement.
-------------------- ......in Psychiatry circles it's known as a "warning sign"
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TULSA, Okla., Jul 07, 2006 (BUSINESS WIRE) -- Empire Petroleum Corporation (OTCBB:EMPR), a Tulsa, Oklahoma-based company, announced today that it has signed a drilling contract for its Nevada test well, which should commence drilling about August 15, 2006. This test is projected to test a large structure up-dip from a well which had good oil shows. The Company owns a Ten (10%) percent working interest in 44,604 lease acres and has entered into an agreement to earn an additional Thirty (30%) percent interest giving the Company a Forty (40%) percent working interest in the well and leasehold block. The Company also acquired a Forty (40%) percent interest in an additional 30,917 lease acres from the Department of the Interior on June 14, 2006, which brings the total lease acres held in the prospect to 75,721. The Company is currently doing a private placement of its shares in order to fund the cost of its increased interest in the Nevada Prospect.
Empire is also pleased to announce the appointment of Montague H. Hackett to the Board of Directors. Mr. Hackett graduated from Princeton University and Harvard Law School and practiced law in New York from 1959 to 1972. Since that time he has been associated with both the oil and mining industries serving as an executive and director of several companies. He currently is Co-Chairman of Victory Ventures, an investment firm and resides in New York.
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute "forward-looking statements" within the meaning of federal securities laws. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties incident to the Company's business, including risks inherent in oil and gas exploration and development and other risks described in the reports and statements filed by the Company with the Securities and Exchange Commission. As a result, actual results may vary materially from those described in the forward-looking statements.
SOURCE: Empire Petroleum Corporation
Empire Petroleum Corporation, Tulsa Albert E. Whitehead, 918-488-8068
-------------------- " Cash is King "
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RecycleNet Joint Venture in India RecycleNet Corporation (OTCBB: GARM) announces the formation of a joint venture between RecycleNet Corporation, and Infotrek Syscom Ltd., a publicly traded company on the Bombay Stock Exchange (530643.BO). RecycleNet will provide its Exchange software for an Indian electronic exchange (www.e-exchangeindia.com).
The joint venture will be operated as E-Exchange India (www.e-exchangeindia.com) and will focus on the trade of used and scrap computers, televisions, telephones, CRT's, other electronic and electrical equipment. E-Exchange India will facilitate both domestic and international trade of recycled electronics for a booming Indian economy. The introduction of the EU Directives for WEEE and RoHS (Waste Electronic and Electrical Equipment and the Reduction of Hazardous Substances) in Europe has set in motion a new standard that has had a ripple effect worldwide and caused a substantial increase in the awareness and activity international trade of electronic scrap.
This venture gives RecycleNet Corporation a strong relationship in India, which is currently one of the largest developing markets in the world for importing secondary commodities. E-exchange India will become a building block in RecycleNet's BRIC (Brazil, Russia, India China) strategy. The Institute of Scrap Recycling Industries (ISRI) is planning its second ever trade mission and first to India for early 2007. RecycleNet Corporation was a key participant in ISRI's first trade mission to China in September 2005.
About RecycleNet
RecycleNet Corporation operates a Secondary Commodities Exchange; its buy/sell/trade listing service went online in 1995. RecycleNet has consistently grown its core user base and serves over 3.8 million unique users each month from 150 countries worldwide. On an average business day there are in excess of $200 million USD in new listings submitted to our exchanges. Current total listings on the exchange exceeds $ 5 Billion USD. In addition to organic growth, RecycleNet Corporation continues to pursue its aggressive plans of merger, acquisition, joint ventures, and strategic alliance.
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EMPR .17 Empire Petroleum Corporation Announces Drilling Contract Signed for Nevada Test & Appointment of Director Business Wire - July 7, 2006 8:01 AM (EDT)
TULSA, Okla., Jul 07, 2006 (BUSINESS WIRE) -- Empire Petroleum Corporation (OTCBB:EMPR), a Tulsa, Oklahoma-based company, announced today that it has signed a drilling contract for its Nevada test well, which should commence drilling about August 15, 2006. This test is projected to test a large structure up-dip from a well which had good oil shows. The Company owns a Ten (10%) percent working interest in 44,604 lease acres and has entered into an agreement to earn an additional Thirty (30%) percent interest giving the Company a Forty (40%) percent working interest in the well and leasehold block. The Company also acquired a Forty (40%) percent interest in an additional 30,917 lease acres from the Department of the Interior on June 14, 2006, which brings the total lease acres held in the prospect to 75,721. The Company is currently doing a private placement of its shares in order to fund the cost of its increased interest in the Nevada Prospect.
Empire is also pleased to announce the appointment of Montague H. Hackett to the Board of Directors. Mr. Hackett graduated from Princeton University and Harvard Law School and practiced law in New York from 1959 to 1972. Since that time he has been associated with both the oil and mining industries serving as an executive and director of several companies. He currently is Co-Chairman of Victory Ventures, an investment firm and resides in New York.
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute "forward-looking statements" within the meaning of federal securities laws. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties incident to the Company's business, including risks inherent in oil and gas exploration and development and other risks described in the reports and statements filed by the Company with the Securities and Exchange Commission. As a result, actual results may vary materially from those described in the forward-looking statements.
SOURCE: Empire Petroleum Corporation
Empire Petroleum Corporation, Tulsa Albert E. Whitehead, 918-488-8068
Copyright Business Wire 2006
-------------------- The difference between genius and stupidity is that genius has its limits
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ETCR .021- Equity Technologies & Resources, Inc., Announces Extension of Binding Letter of Intent with MB Holding Corporation, Owner of VPS Holding, LLC, and Envoii Healthcare, LLC Thursday July 6, 4:00 pm ET
LEXINGTON, Ky., July 6 /PRNewswire-FirstCall/ -- Equity Technologies & Resources, Inc., (Pink Sheets: ETCR.PK - News) President James Kemper Millard announced today that Equity Technologies & Resources, Inc. and MB Holding Corporation have agreed to extend the Binding Letter of Intent entered into and reported June 15, 2006. "Both parties acknowledged that the intention to close the transaction on or before June 30, 2006 was not a realistic time frame and date," Mr. Millard said. "While we are disappointed in this delay," he continued, "we understand that all of the legal, accounting, and auditing issues that are required do take time. We are proceeding to close this transaction as soon as possible and we can now see the light at the end of a very long tunnel." The Binding Letter of Intent provides for ETCR to acquire VPS Holding, LLC (VPSH), a Kentucky limited liability company, and Envoii Healthcare, LLC (EHLLC), a Nevada limited liability company, through an exchange of stock with MB Holding Corporation, a Nevada Corporation, the owner of VPSH and EHLLC.
Mr. Millard added, "As we stated last month, we are excited to enter into this Binding Letter of Intent to acquire and combine the companies that developed technology and led the consortium to conduct the first real-time prescription drug monitoring pilot project in the United States. For this federally-funded project to have been conducted in two counties in the Appalachian Region of Eastern Kentucky makes us very proud."
The pilot project was successfully conducted at medical, clinical, and pharmacy facilities in Kentucky's Perry and Harlan counties on a voluntary basis, under a contract with the Commonwealth of Kentucky. "The revolutionary Veriscrip(TM) technology provides immediate ('real time') data delivery when the practitioner writes the prescription and again when it is filled by the pharmacist. The information is conveyed instantly to the regulator. Real-time reporting dramatically reduces an investigation of potential diversion from weeks and months to minutes," Millard emphasized. "In addition, the positive results of real-time monitoring will significantly improve patient care by preventing drug-drug interaction and by eliminating the risk of misread prescriptions, while assuring patient privacy protection and compliance with all HIPAA requirements."
This press release contains forward-looking statements that reflect the Company's current expectations regarding future events. While these statements reflect the Company's best current judgment, they are subject to risks and uncertainties. Actual results may differ significantly from projected results due to a number of factors, including, but not limited to assumptions beliefs and opinions relating to the business and growth strategy of Equity Technologies & Resources, Inc. and implementation thereof, based upon the Company's interpretation and analysis of financial and market conditions, the decisions of businesses with whom the Company is either engaged in business with or negotiating, healthcare industry trends and management's ability to successfully finance, develop, market, sell and implement its e-commerce and internet solutions, clinical and financial e-transaction services and software applications to physicians, pharmacies, governmental agencies, laboratories, insurance companies, HMOs, and payers. These factors and other risk factors are more fully discussed in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any intent or obligation to update any forward-looking statements.
-------------------------------------------------------------------------------- Source: Equity Technologies & Resources, Inc.
"Life is not measured by the number of breaths we take, but by the moments that take our breath away."
-------------------- The difference between genius and stupidity is that genius has its limits
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FGFC (.016) to Establish a Warehouse Line of Credit of up to 100 Million Dollars for Its Leasing and Commercial Real Estate Finance Operations Jul 7, 2006 9:14:00 AM Copyright Business Wire 2006
NEW YORK--(BUSINESS WIRE)--July 7, 2006--
First Guardian Financial Corporation (Pink Sheets: FGFC) today announced that it will seek to establish a warehouse line of credit of up to 100 Million Dollars for its leasing and commercial real estate finance operations.
The Company will attempt to establish said warehouse line of credit through major financial institutions and/or a consortium of banks, pension funds, and insurance companies or others. The warehouse line of credit will be secured/backed by the financing instruments generated by the company.
"The establishment of a warehouse line of credit will enable the company to generate an increased leasing and lending volume, thus enabling the company to generate a higher dollar volume of lending activities, thus generating more fee revenues." Said Abraham Rosenman President First Guardian Financial Corporation Mr. Rosenman also stated "that we are very confident that we will be able to negotiate a warehouse line of credit in the very near future as it essential to the company's growth plans."
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests and provides financing for its own portfolio in small to mid sized businesses nationally. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain 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 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.
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MGOA (.047)Acquires Patent for Capacitive Deionization (CDI) System and Intellectual Property Rights for ScaleGuard Jul 7, 2006 9:15:00 AM
CORUNNA, ON -- (MARKET WIRE) -- 07/07/06 -- Megola Inc. (OTCBB: MGOA), a leading solution provider in physical water treatment, microbiological control, wastewater treatment and air purification, announced that it has finalized the acquisition of the Intellectual Property Rights for ScaleGuard and the American, Canadian and European Union patents (#US 6,484,624 B1; CA 2378039; EU 1 098 853) for the Capacitive Deionization (CDI) system. Megola also acquired a patent-pending method of wrapping pipes for all electromagnetic physical water treatment (PWT) devices and applications.
Megola Inc. altered their initial intentions (as per a Letter of Understanding dated November 1, 2004) of purchasing a majority interest in Megola GmbH, Germany, as they were able to secure the rights and patents from the individual owners in a cost-effective and expeditious manner.
"This was obviously an important step in our company's progression. We believe that owning the intellectual and software properties covering the ScaleGuard products, the patent-pending installation method for electromagnetic physical water treatment, as well as the patents to the CDI system that is under development, will enhance the stature of our company and provide enhanced revenue generation opportunities for us in the future," said Joel Gardner, CEO of Megola Inc.
"Megola will be aggressively pursuing the means necessary to continue development of these assets in order to bring them to the water treatment market in the near future. We feel both the pipe-wrapping method and the CDI system will greatly compliment our existing product lines which compete for shares of a multi-billion dollar residential, commercial and industrial market that is projected to increase significantly in the near future," continued Gardner.
About Capacitive Deionization
Capacitive Deionization (CDI) technology is a revolutionary method of desalinating brackish (saline) water.
Fresh potable water is becoming much more difficult to obtain from groundwater and surface water sources throughout many parts of the world. The arid regions of the Western United States are already depleting their groundwater supplies because surface water rights are completely committed, and population growth of the affected area is expected to increase significantly in the next 25 years. The Middle East and Africa are currently experiencing serious shortages of potable water, and population growth may rapidly make the problem more serious. However, there are reserves of brackish water that could be used to ease these supply problems. With the advent and development of CDI technology, these reserves could be exploited.
CDI works by attracting ions and other charged particles within the water to electrodes of opposite charge. This is designed to effectively and efficiently remove these ionized species from the water stream, thereby producing fresh, potable water. The process is more cost-effective to operate compared to other desalination methods such as reverse osmosis and distillation. Also, the modular design of the CDI system will allow it to be used for residential applications or scaled-up for commercial use. Its versatility also extends into wastewater treatment and any applications where pure water is a necessity, such as laboratories and industrial processes.
About ScaleGuard
The ScaleGuard technology is a revolutionary, cost-effective and environmentally-friendly method of treating hard water problems. It continues to be Megola's flagship product and has become an integral part of Megola's whole-house and whole-building environmental water treatment solutions for residential and commercial customers, which also includes ultraviolet water and air treatment systems and filtration systems by CUNO.
For more information about Megola Inc., please visit the corporate website (http://www.megola.com).
The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports, and other periodic filings. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.
Contact: Daniel Gardner 888 558 6389 IRinfo*megola.com
-------------------- The difference between genius and stupidity is that genius has its limits
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CLRI (.42) Clearant Sterile Bone Implants Used for First Time in Successful Spinal Surgery at UCLA; Company Achieves Significant Milestone in Direct Distribution Program Jul 7, 2006 9:16:00 AM Copyright Business Wire 2006
LOS ANGELES--(BUSINESS WIRE)--July 7, 2006--
Clearant, Inc. (OTCBB:CLRI) today announced that two Clearant Sterile Implants were used in a successful two-level cervical fusion surgery done last week at the University of California, Los Angeles. This represents the first use of sterile bone allograft implants supplied through Clearant's new direct distribution program. The procedure was performed by Jeffrey C. Wang, M.D., Chief, Orthopedic Spine Service, and Associate Professor of Orthopedics and Neurosurgery at the UCLA School of Medicine.
"This successful procedure in one of the country's leading medical institutions demonstrates the progress of our new growth initiative to distribute directly to hospitals and surgeons," said Clearant Chief Executive Officer Alain Delongchamp. "We are very pleased that highly respected surgeons such as Dr. Wang are choosing Clearant Sterile Implants based on safety and quality. The support of these opinion-leading surgeons is key to educating the larger orthopedic surgeon community about the benefits of Clearant Process Sterile Implants."
In June, Clearant announced that in order to meet the rising demand for sterile tissue implants, it would become a direct distributor of Clearant Process(R) treated bone tissue. The Company now has six territory representatives focused strictly on this effort. Currently, the top fifteen markets in the U.S. represent in excess of $200 million in bone implant sales. The top 30-50 surgeons in these markets perform approximately 80% of the procedures, allowing the Company to employ a highly targeted marketing effort.
About Clearant, Inc.
Clearant, Inc. is a leader in pathogen inactivation for biological products. Clearant has developed the patent-protected Clearant Process, which substantially reduces all types of pathogens in biological products while maintaining the functionality of the underlying protein. The Company began to distribute directly to surgeons, hospitals and clinics Clearant Process sterile implants in June 2006; in addition, Clearant continues to license the Clearant Process and provides its patented sterilization services to tissue banks and other biological products manufacturers. As of the end of 1Q 2006, Clearant had 10 license and service agreements with tissue banks. To date more than 8,000 patients have been successfully implanted with Clearant Process sterile implants supplied by one of the Company's licensed partners. Whereas various competing sterilization methods only kill specific types of pathogens (such as bacteria or lipid-enveloped viruses) for specific products, the Clearant Process reduces all types of pathogens for products across many market segments including tissue implants, plasma proteins, recombinant products, medical devices and blood products. Also, the Clearant Process can be applied at various stages of product processing and/or manufacturing, including in the final packaging. For more information, please visit www.clearant.com.
Forward-Looking Statements
Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, in particular statements regarding surgeons strongly recommending the use of implants with tissue treated by the CLEARANT PROCESS, and the conclusions from a study by surgeons to build demand for sterilized tissue. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control, which may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, difficulty in developing, exploiting and protecting proprietary technologies, results of additional clinical studies, efficacy of the technology, intense competition and substantial regulation in the biotechnology industry, and additional risks discussed in the company's filings with the SEC, available on the SEC web site http://www.sec.gov.
Source: Clearant, Inc.
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Clearant Inc. Jon Garfield 310-479-4570 or Lippert/Heilshorn & Associates Bruce Voss / Don Markley 310-691-7100 dmarkley*lhai.com or Schwartz Communications Erik Clausen / Julia Maslen 781-684-0770 clearant*schwartz-pr.com
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EUOT (.08) Last PR: Eurotech Unveils Zypad, the Wrist-Worn PC That Will Revolutionise the Way We Use Computers Jun 28, 2006 8:05:00 AM
AMARO, ITALY -- (MARKET WIRE) -- 06/28/06 -- The Italian stock exchange today saw the unveiling of the Zypad, the wrist-worn computer made by Eurotech, a company dedicated to the research, development, production and marketing of miniature computers (NanoPCs) and high processing capacity (HPC) computers.
Zypad, the result of a high-tech design that combines circuit miniaturisation, a range of hardware functions, optimised power consumption and ergonomic criteria, is a little gem that weighs around 290 grams and promises to revolutionise the way millions of people work. In the long-term, it could become a day-to-day object as common as the mobile phone or the palmtop.
'The idea behind the wrist-worn computer project,' explains Eurotech boss Roberto Siagri, 'was to "leave the user's hands free". Zypad will enable users to work with a network connection without being tied to a fixed position. These wearable computers will give us a new freedom of movement, radically changing the way we work, and for the better.'
The primary target is people working in hostile environments, where computers have become essential, but the use of a traditional PC or any other hand-held device is still impossible. Wearable computers are a way of ensuring access to integrated devices without unnecessarily inconveniencing users.
The fact that Zypad is integrated into the users' personal space and does not monopolise their attention also means that its processing platform and multimedia capabilities can be used without getting in the way of the user's current activities.
'In the future,' concludes Siagri, 'Eurotech plans to develop wearable computers designed specifically for each of the different target groups in order to best meet their professional requirements. We want to realise the dream that Mark Weiser, pioneer in the field of 'ubiquitous computing', summed up when he said 'The most profound technologies are those that disappear. They weave themselves into the fabric of everyday life until they are indistinguishable from it'.
'From a technological point of view,' explains Roberto Turchi, Marketing & Sales Manager at WearablePC, 'making a wrist-worn computer has involved overcoming a lot of sizeable challenges. Ergonomic studies have demonstrated that weight, wearability and screen size are all important factors in a wearable computer and, in order to meet these requirements, Eurotech has miniaturised the circuits as much as possible to create a computer that is easy to use and comfortable to wear. The controls are flexible as they depend to a large extent on the user's requirements and the intended application. Both touch screen and navigation keys can be used, with voice-recognition software currently under development. In all cases, the devices are designed to be as streamlined as possible.
'We had another big success in power consumption,' continues Turchi. 'Thanks to a number of innovative, patented solutions, Eurotech technicians have managed to create a system that allows the wrist-worn computer to run only when it is actually in use, among other things.'
A range of potential users in Italy and abroad are already testing the Zypad.
Eurotech's new wrist-worn computer could be used in a range of situations where 'hands-free' and 'always-on network connection' are particularly important, some of which are given below:
Civil protection
Wrist-worn computers could send and receive information to fire fighters and other rescue workers at incident sites. In the near future it will also be possible to receive data transmitted by reconnaissance robots and, using additional sensors, Zypad will also be able to warn users of invisible dangers, such as toxic substances.
Medical sector
Wrist-worn computers will enable medical and paramedical staff to quickly access databases and, in the near future, to read medical data from electronic bracelets worn by patients. Consequently, wrist-worn computers will be particularly useful for preventing errors due to mixing up medical records or misreading a patient's data. According to some estimates made in the US, the probability of an orthopaedic surgeon operating on the wrong limb in the course of a career could be as high as 25%. For some time now, and in the US in particular, protocols that require medical and paramedical staff to record their actions and the patient's data on a computer have been undergoing tests.
Logistics
In warehouses, the time required to select items for packaging and shipment as well as inventory procedures could be considerably reduced thanks to the fact that the Zypad wrist-worn computer can read barcodes and process data on the spot, eliminating the need to transfer data to another computer for processing.
Security and defence
Wrist-worn computers could be used by the police, for example to maintain a constant data exchange between the operations centre, vehicles and officers on the street. Similar uses would be possible in the defence sector.
Power sector
Workers at nuclear power plants currently carry devices that check for excessive levels of radioactivity. Such devices can only be read by the individual user, but a wrist-worn computer could send information on all workers to a control centre in real time, ensuring a quick response in the event of an accident.
Other uses
The procedures for selling airline tickets and boarding planes, which require a fixed terminal, could be revolutionised with the use of wrist-worn computers, making its possible for employees to circulate among passengers to perform the necessary checks, thus removing the need for a fixed terminal.
Empyrean Holdings, Inc. Completes $430,000 Initial Step of Its Corporate Development Plan Empyrean Holdings Inc. (OTCBB: EMPY), a national diversified holding company, is pleased to report that the Addendum to the Share Purchase Agreement of April 8, 2005 has been finalized with Hesperia Advisors Limited and implemented thereby establishing a $430,000 positive impact on Empyrean's Q2 financials.
The title for a town home appraised at $211,000 has been deeded to Empyrean Properties, Inc. (EPI), Empyrean's wholly owned subsidiary that will be active in the real estate sector. EPI will also be the vehicle to undertake development projects with real property development expert and close affiliate, United Construction Group (www.gounited.net). Announcements on those developments will be forthcoming. The Note of $219,163 outstanding in the company's books was also forgiven by Hesperia and will be written off in the 2nd Quarter financials that are currently under preparation and will be reported shortly.
CEO Robert L. Lee stated, "With the completion of the first phase of our Corporate Development Plan the company's bottom line has already improved significantly and will assist us to create a stable financial foundation for moving forward. Within our real estate operations we have targeted only development projects with a forecasted 25% rate of return and are finalizing our investment agreements with UCG. We are also aggressively advancing through our Corporate Development Plan, and expect to have a very productive year."
Note: "Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
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EFSF (.25) Subsidiary MedElite, Inc. Signs National Distribution Agreement for Talsyn Scar Cream with MedX, Inc. Jul 7, 2006 11:00:00 AM Copyright Business Wire 2006
Patricia Gruden, President/CEO of eFoodSafety.com, Inc. (OTCBB:EFSF), announced today that the Company's wholly-owned subsidiary, MedElite, Inc., has signed a national distribution agreement with MedX, Inc, a turnkey provider of aesthetic solutions. Under the new agreement, MedX, Inc. will be the national distributor of Talsyn(TM)-CI/bid Scar Cream, a product sold only through physicians. Under the agreement, this new approach to scar management will be represented throughout the United States by sales professionals chosen and trained by MedX.
"We're extremely excited to partner with MedX to manage the distribution of this revolutionary product. MedX has a proven track record of forging strong relationships with physicians of all specialties, including Plastic Surgeons, Dermatologists, Family Practitioners and OB/GYN's," said Richard Goldfarb, M.D., FACS, President/CEO of MedElite, a subsidiary of eFoodSafety.com, Inc.
MedElite recently brought Talsyn(TM)-CI/bid to market as a new alternative to the silicone based gels currently available for scar healing. Talsyn(TM) is highly effective in the management of skin lacerations, abrasions, burns, surgical incisions, as well as hypertrophic and keloid scars.
Talsyn's unique composition of organic ingredients includes several healing botanicals and a unique peptide which improves synthesis to hasten skin healing and regeneration. Its major active ingredient is Tamanu oil. Unlike other products used for this application, Talsyn(TM)-CI/bid leaves no residue, has a pleasant smell and does not stain clothing. As previously mentioned, Talsyn(TM) CI/bid will only be available through physicians.
"MedX is honored to be granted the national distribution for Talsyn(TM)," says Mark Rubino, CEO of MedX, Inc. "Until now, there hasn't been an effective treatment for scar healing capable of improving tensile strength and appearance. We're confident that our large multi-specialty physician network and national distribution channel will embrace this new development and we are committed to introducing Talsyn(TM) to physicians across the country."
MedX, Inc. is a leading provider of aesthetic solutions with over 20 years of industry experience. Their current offering includes device sales, device rental services, skin care products, consulting services, technical support, and practice building materials. MedX has created a direct selling force of industry leading professionals across the country.
About eFoodSafety.com, Inc.
eFoodSafety.com, Inc. is dedicated to improving food and health conditions around the world through its innovative technologies. The company's Knock-Out Technologies, Ltd. subsidiary has developed an environmentally safe sporicidal product formulated entirely of food-grade components that eradicates anthrax and a germicidal product, Big 6 Plus - EPA Reg. No. 82723-1 that kills six major bacteria: E-coli, Listeria, Pseudomonas, Salmonella, Staphylococcus, and Streptococcus, Avian Influenza, and Black Mold. The sporicidal product has completed its final efficacy laboratory study requisite for EPA registration. In the study, it eradicated both Clostridium Sporogenes and Bacillus Subtilis with 100% efficacy on both hard and porous surfaces. The company's MedElite, Inc. subsidiary distributes clinically proven products to physicians who then prescribe the products for their patients. It is the exclusive U.S. and worldwide distributor of the Talsyn(TM)-CI/bid Scar Cream that has been clinically proven to facilitate and improve the appearance, redness and strength of scars (www.talsyn.com). The company is also is a distributor for Cinnergen(TM), a non-prescription liquid whole food nutritional supplement that promotes healthy glucose metabolism (www.cinnergen.com), and Trimmendous(TM), a weight loss formula focusing on the body's 24-hour metabolic processes. The company has recently entered into a joint venture agreement with CK41 Direct, Inc. to launch an anti-acne skin care system, with a branded name and celebrity spokesperson to-be-announced in the near future.
Statements contained in this release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are made based on information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the company and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
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XKEM .063 NEWS! Obasanjo restates focus on better economy From Emeka Anuforo, Abuja PRESIDENT Olusegun Obasanjo yesterday reiterated the commitment of his government to foster an economy that is technology-driven, private sector-led and knowledge-based.
The President spoke when he commissioned the hi-tech food preservation facility, Gamma Irradiation Facility and launched the drug, NICOSAN, developed locally for the management of sickle cell diseases.
Developed by scientists at the National Institute for Pharmaceutical Research and Development, Idu, Abuja, the product is a non-toxic, natural herbal drug,
composed of extracts from local plants.
The drug is now being produced by Xechem Pharmaceuticals Nigeria Limited, a subsidiary of Xechem International Incorporated based in New Jersey, United States of America (U.S.A) and produced within the premises of Sheda Science and Technology Complex.
From the assessment of the Chief Executive Officer of Xechem International, Dr. Ramesh Pandey, Nigeria stands to earn a yearly income of over $150 million from exporting the drug to the international community.
The Minister of Science and Technology, Prof. Turner Isoun said at the ceremony that the drug, which had gone through various levels of certification at the National Agency for Food, Drug Administration and Control (NAFDAC) had been granted an Orphan Drug status by the Food and Drug Administration of the United States of America (U.S.-FDA). This, he said, had given it further credibility and international acceptability for the
management of sickle cell disease.
Obasanjo, who could not hide his joy at the facilities, noted that the government had not lost focus of its vision of re-engineering the science and technology sector to make Nigeria a key participant and stakeholder in the application of new and emerging technologies.
The President said: "Today's activities also further confirm my strong belief that the frontiers of development are within the reach of any determined and committed society that takes science and technology seriously with the determination to uplift
its citizenry to a state of prosperity."
He stressed that the essence of the reform in the sector had been to improve the performance of the sector, make it more proactive to the country's national needs and enhance its efficiency in service delivery.
Stressing that the Gamma Irradiation Facility would transform food preservation in the country and make certain agricultural products available all year round, he described the facility as "a high priority project with significant commercial undertones."
Already, the President has approved the privatisation of the Gamma Irradiation Facility in the next three years. This is to enable private sector operators tap into the facility and make it yield the enormous economic dividends for which it was set up.
Expressing immense joy at the production of the sickle cell drug in country, Obasanjo lamented that persons afflicted with sickle cell disease suffer crises which could result in damage to the kidneys, lungs, bones, eyes and the central nervous system.
The Gamma Irradiation Facility is an important multipurpose facility with diversified applications, which according to the Minister of Science finds ready applications in the preservation of food and agricultural products, pest control, healthcare
delivery, packaging and improvement of mechanical properties of materials such as rubber latex plastics and electrical cable, among others.
Officials of the Nigerian Nuclear Regulatory Agency told reporters that the facility had gone through various levels of assessment and had acquired five of the agency's licences within the last one year.
Speaking on the facility, Isoun said: "The multipurpose Gamma Irradiation Plant has a large production hall. It is the most modern commercial irradiation plant in Africa, and one of the most modern of its type in the world characterised by the
state-of-the art technology. Its irradiation source is a 340k Cobalt-60 source. The facility will be managed in collaboration with other technical partners, who have acquired vast experience in the management of similar facilities."
Discussions are also said to be on-going with the International Atomic Energy Agency (IAEA) in Vienna to designate the facility as a regional Centre of Excellence in Food Irradiation.
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SCAL (.25) Stem Cell Authority Ltd.(TM) Open for Public Trading Jul 7, 2006 10:33:00 AM
AKRON, Ohio, July 7 /PRNewswire-FirstCall/ -- NASDAQ authorized Stem Cell Authority Ltd. (OTC: SCAL), the company which possesses the exclusive rights for the collection and storage of human umbilical cord matrix stem cells, to be publicly traded on July 6, 2006.
The Kansas State University Research Foundation has filed an application for a patent pertaining to the methods for the collection, storage and biotechnology and therapeutic use of umbilical cord matrix stem cells, and has granted Stem Cell Authority Ltd. and its subsidiary company the exclusive license to collect and cryogenically store human umbilical cord matrix stem cells. Thus, the collection and storage of human pluripotent umbilical cord matrix stem cell must be authorized by Stem Cell Authority Ltd. The company also has the right to grant sublicenses.
Recent evidence indicates that the umbilical cord matrix stem cells can differentiate into neurons, glia, skeletal muscle cells, heart muscle cells, bone cells, cartilage cells and liver cells. Published work indicates that the human umbilical cord matrix stem cells are therapeutically useful in an animal model of Parkinson's disease. Therefore, the umbilical cord matrix stem cells may have the potential for treating neurological diseases. In contrast, umbilical cord blood stem cells are used clinically to treat conditions calling for bone marrow stem cell transplant. These diseases include certain cancers and in-borne errors in metabolism.
Stem Cell Authority Ltd. collects the matrix cells from the Wharton's jelly which is within the human umbilical cord. The matrix cells are collected safely and painlessly without risk to the child after birth. The collection of the matrix stem cell is compatible with collection of umbilical cord blood stem cells. Thus, Stem Cell Authority Ltd. is the ethical and non- controversial alternative to obtain human stem cells for cryogenic storage of both umbilical cord blood and the matrix stem cells. Stem Cell Authority Ltd. has the exclusive right to offer this service to its customers, placing it in a strong position within the biotech market.
Stem Cell Authority Ltd. is the only entity worldwide that is permitted to collect and store the umbilical cord's pluripotent or matrix stem cells, which have the potential to be one of the most important sources of stem cells available. The company is poised to become a market leader in this expanding biotech industry.
SOURCE Stem Cell Authority Ltd.
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C. Bernard Cardwell CEO of Stem Cell Authority Ltd. +1-330 835-0200
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MOBL .169 MobilePro to Present at C.E. Unterberg, Towbin Emerging Growth Opportunities Conference PR Newswire - July 7, 2006 8:57 AM (EDT)
BETHESDA, Md., July 7, 2006 /PRNewswire-FirstCall via COMTEX/ -- MobilePro Corp. (OTC Bulletin Board: MOBL), a leading broadband wireless services company, announced today that it will present at the C.E. Unterberg, Towbin Emerging Growth Opportunities Conference on Wednesday, July 12 at 1:45 p.m. Eastern.
The conference will be held at the Mandarin Oriental Hotel in New York City. MobilePro Chairman and CEO Jay Wright will provide a review of recent company developments and plans for fiscal 2007. No webcast will be available for this conference presentation.
About MobilePro Corp.
MobilePro Corp., based in Bethesda, Md., is one of North America's leading wireless broadband companies. The company serves more than 220,000 total customer lines throughout the United States, primarily through its CloseCall America, AFN and Kite Networks subsidiaries. Detailed information about MobilePro can be found at http://www.mobileprocorp.com .
For more information regarding MobilePro, contact Alan Crancer, vice president of marketing, at (601) 898-1142. For investor relations information regarding MobilePro, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info*hawkassociates.com . An online investor relations kit including copies of MobilePro press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com .
SOURCE MobilePro Corp.
Alan Crancer, vice president of marketing, MobilePro, +1-601-898-1142; or investor relations, Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-451-1888, or info*hawkassociates.com, for MobilePro
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IDWD (.97) ALL CASH BUYOUT COUNTER OFFER FOR $2.35
IDS Updates Homeland Security Worldwide (HLS) Offer to Acquire IDS Common Shares HLS Informs IDS Regarding Acquisition Financing Jul 7, 2006 11:24:00 AM
ORLANDO, FL -- (MARKET WIRE) -- 07/07/06 -- IDS Worldwide, Inc. (PINKSHEETS: IDWD) IDS reported yesterday that HLS has made a counter to the offer received from WSA to purchase IDS Common Stock.
HLS has informed IDS it will use funding facilities with its current bankers and a $50 Million Bond offering overseas that has been planned previously for expansion and worldwide acquisitions. If accepted its offer for IDS common stock will not involve stock but would be an all-cash purchase offer.
HLS has increased its offer to $2.35 per share and informed IDS upon acceptance of the offer HLS would have its banker JPMorgan Chase set up the appropriate closing escrow accounts. IDS has informed HLS that upon acceptance of the offer HLS will have to pay a $5 Million non-refundable deposit to be placed in the escrow accounts till closing.
In another news HLS informed IDS that the first shipments of HLS Biometric Encryption Flash Drives cleared US Customs today and deliveries have begun to the dealer network in the United States.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
Contact: For further information: IDS Worldwide, Inc. info*ids-worldwide.com
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GNRG .55 - Gateway Energy Corporation Common Stock Approved for Listing on NASDAQ Bulletin Board Friday July 7, 11:26 am ET
HOUSTON, July 7 /PRNewswire-FirstCall/ -- Gateway Energy Corporation (OTC Bulletin Board: GNRG - News; the "Company") (http://www.gatewayenergy.com ) announced that its common stock listing application has been approved by the NASDAQ. The Company's common stock has commenced trading on the NASDAQ Bulletin Board as of today.
"The transition from the OTC Pink Sheets to the NASDAQ OTC Bulletin Board is an exciting development for us," said Mr. Robert Panico, President and Chief Executive Officer of Gateway Energy Corporation. "We believe this listing will increase our shareholder base, creating additional liquidity for our shareholders. We also believe this listing will allow a greater range of potential investors and more attention from the investment community."
Gateway Energy Corporation owns and operates natural gas gathering, transportation and distribution systems and related facilities in Texas and Oklahoma and offshore Texas and in federal waters of the Gulf of Mexico. The Company also holds a license for a state of the art, patented process for the rejection of nitrogen from natural gas streams.
Certain of the statements included in this press release, which express a belief, expectation or intention, as well as those regarding future financial performance or results, or which are not historical facts, are "forward- looking" statements as that term is defined in the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. The words "expect", "plan", "believe", "anticipate", "project", "estimate", and similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance or events and such statements involve a number of risks, uncertainties and assumptions, including but not limited to industry conditions, prices of crude oil and natural gas, regulatory changes, general economic conditions, interest rates, competition, and other factors. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
-------------------------------------------------------------------------------- Source: Gateway Energy Corporation
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GLIF .017 - Grant Life Sciences Chairman Featured in Exclusive Interview With WallSt.net Friday July 7, 12:20 pm ET
NEW YORK, July 7 /PRNewswire/ -- On July 5, Stan Yakatan, Chairman of Grant Life Sciences, Inc. (OTC Bulletin Board: GLIF - News) updated the investment community in an exclusive interview with www.wallst.net . Topics covered in the interview include an overview of the Company and the markets it serves, recent press releases, current capitalization, upcoming strategic and financial milestones. To hear the interview in its entirety, visit www.wallst.net , and click on "Interviews." Interviews require free registration, and can be accessed either by locating the respective company's ticker symbol under the appropriate exchange on the left-hand column of the "Interviews" section of the site, or by entering the respective company's ticker symbol in the Search Archive window.
About Grant Life Sciences, Inc.
Grant Life Sciences, Inc. develops products to improve the efficiency of detecting and diagnosing cervical cancer, including a sensitive, reliable, non-invasive, point-of-care test. The diagnostic assay being developed by the Company has shown promise in detecting cervical cancer and its precursors, a disease that kills in excess of 300,000 women annually. According to the CDC there are currently more than 120 million cervical screening tests administered annually in the U.S. and Europe. In developed nations more than 120 million eligible women, 20 years old and above, still do not get Pap smears, and globally more than 1.7 billion over the age of 20 have never been checked due to cultural, religious or economic reasons. Further information is available at: www.grantlifesciences.com .
About WallSt.net
www.wallst.net is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. The website is a leading provider of financial news, media, tools and community-driven applications for investors. www.wallst.net offers visitors free membership to its in-depth executive interviews, exclusive editorial content, breaking news, and several proprietary applications. In addition to its website, WallStreet Direct organizes investor conferences, publishes a newspaper, and provides multimedia advertising solutions to small and mid-sized publicly traded companies. We are expecting to receive one hundred seventy five dollars from Grant Life Sciences, Inc. for the dissemination of this press release. For a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.asp
PACI 07/07/2006 15:01 EDT Precision Auto Care Announces That Al Unser, Jr. Has Joined New Area Developer Team in Arizona
LEESBURG, Va., July 7 /PRNewswire-FirstCall/ -- Precision Auto Care, Inc. (OTC Bulletin Board: PACI), today announced that racing legend Al Unser, Jr. and Dick Lippert, a former telecommunication executive, have joined Precision Tune Auto Care as the Area Developer team for the Phoenix, Arizona market.
Robert Falconi, PACI's CEO said, "We are extremely pleased that Al and Dick have made the decision to invest in Precision Tune. Under their guidance and direction, I am confident that the Precision Tune Auto Care brand will thrive in the growing Arizona market. With Dick's business skills and Al's popularity, name recognition and passion for motorsports and automobiles, we know that our brand will be in excellent hands. We are all looking forward to working closely together to develop a mutually beneficial relationship."
Al Unser, Jr. is a two-time Indianapolis 500 winner (1992, 1994), as well as a two-time CART champion (1990, 1994). Al has also scored two victories in the storied Rolex 24 Hours of Daytona and two championships in International Race of Champions (IROC) competition. In 1994, Al was named Athlete of the Year by ABC Sports. The Unser family won the Indianapolis 500 a remarkable nine times and is one of the most recognized and accomplished families in the history of racing. Al has two sons and two daughters and is an avid outdoorsman. "I am very happy to get this opportunity to work with Dick Lippert and be a part of the Precision team," said Unser.
Dick Lippert has had an extremely successful career in business as the CEO of two telecommunications firms and the Founder of an electronic security company located in the mid-west. He is married with a son and a daughter. Like Al, Dick loves racing. Dick is an avid amateur race car driver. He finished 2nd and 3rd in Skip Barber Masters' National Championship Series in 2004 and 2005 respectively.
"I see this as a true win/win situation for all parties concerned," said Lippert. "I get the opportunity to work with my good friend Al Unser and develop the Precision Tune brand in a new market."
Precision Auto Care, Inc.'s affiliate, Precision Franchising LLC, is one of the world's leading franchisors of auto care centers, with 412 operating centers as of June 30, 2006. The Company franchises Precision Tune Auto Care centers around the world.
SOURCE Precision Auto Care, Inc.
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SKZW (.14) News: SkinzWraps, Inc. Redesigns and Wraps 20 Vehicles for CBS Radio Friday July 7, 1:15 pm ET
DALLAS--(BUSINESS WIRE)--July 7, 2006-- SkinzWraps, Inc. (Pink Sheets:SKZW - News), a full-service vehicle wrapping company, announced today that it has completed the re-design and wrapping of 20 vehicles for CBS Radio's family of stations in the Dallas market and is slated to complete another nine vehicles for that market over the next 75 days. The list of stations and vehicles include: 100.3 Jack FM: Hummer H2, Ford Expedition, GMC Suburban, GMC Sierra, and a VW Rabbit.
103.7 Light FM: Ford Expedition, GMC Chevy Trailblazer, GMC Equinox, GMC Van, and a GMC 3500 Pickup.
105.3 Free FM: GMC Express, Ford 3500, GMC Suburban, Dodge Sprinter, and a promotional trailer.
1080 KRLD AM: Two Chevy Trail Blazers, a Ford Expedition, Ford Econoline van, and a Chevy Tahoe.
"The relationship with CBS Radio has really bloomed," remarked SkinzWraps CEO Peter Salaverry. "We've gone from working with one of their stations in the Dallas market to working with virtually all their stations in the Dallas market. And that has a lot to do with the fact that we treat each station as an individual client. Rather than simply replicating and recycling the wraps for CBS, each station receives a custom design created by our award-winning design team."
About CBS Radio
CBS RADIO is one of the largest major-market radio operators in the United States, with stations covering news, alternative rock, country, FM talk, classic rock, oldies, JACK and urban formats, among others. A division of CBS Corporation, CBS RADIO operates 179 radio stations, the majority of which are in the nation's top 50 markets. The overall mix of each radio station's programming is designed to fit the station's specific format and serve its local community.
About SkinzWraps, Inc.
SkinzWraps, headquartered in Dallas with locations in Los Angeles and Miami, is one of the nation's premier full service vehicle wrapping 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, United States Marine Corps, Hooters, Scion of Dallas, Clear Channel Communications, the Dallas Desperados, Dallas Yellow Cab, and Earth Biofuels. For more information, visit the company's website at http://www.skinzwraps.com.
-------------------- The difference between genius and stupidity is that genius has its limits
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