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MVTS (.59) Announces FY2006 Audited Financials for Target Acquisition, PTL Electronics; $10,239,236 in Revenue and $1,290,377 EBITDA PTL's FY2007 First Quarter Revenue Results of $3,558,373 Indicate Strong Growth Jul 11, 2006 4:15:00 PM
VANCOUVER, BC -- (MARKET WIRE) -- 07/11/06 -- Moventis Capital, Inc. (Moventis) (OTCBB: MVTS) announces that it has received the 2006 fiscal year (FY2006) audited financial statements for its target acquisition, PTL Electronics, Ltd. (PTL), prepared in accordance with Generally Accepted Accounting Principles (GAAP) in Canada, as well as unaudited results for Q1 of fiscal year 2007 (FY2007).
PTL's results for the year ended March 31, 2006 were:
-- Revenue of $10,239,236 -- EBITDA of $1,290,377 after a one-time, non-recurring write-down of $104, 673 -- Net operating income of $779,741 -- Net income of $675,068 -- Working capital of $1,070,346.
According to Blake Ponuick, chairman and CEO of Moventis, "FY2006 was a great year for PTL and they continue to demonstrate strong growth and profitability into FY2007."
Unaudited results provided by PTL management for the first quarter of FY2007 ended June 30, 2006 were:
-- Revenue of $3,558,373, representing a 25% increase over the same period in FY2006 -- EBITDA of $481,774, representing a 27% increase over the same period in FY2006 -- Net income of $286,682, representing a 44% increase over the same period in FY2006 -- Working capital increase to $1,364,000.
Ponuick adds, "We expect to drive even more success for PTL as we strive to complete our acquisition of this dynamic company and execute on our growth strategy."
Paul Heathcote, co-CEO and chief operating officer with PTL, agrees, "Since entering into our purchase agreement with Moventis in May, we've greatly expanded our pipeline and are working together on a number of significant customer transactions. We believe this will have a positive impact on our FY2007 results and expand our brand and industry profile. We look forward to the future of PTL as a Moventis company."
PTL will act as an anchor company for Moventis within the growing $115 billion EMS sector. This is in line with Moventis' strategy to acquire successful small to mid-sized companies and build strong portfolios within key growth industries.
Under the terms of the definitive purchase agreement, Moventis is acquiring PTL for a sum of $7 million, consisting of $3.5 million in cash and $3.5 million in convertible debt and equity payable in various installments. After closing, PTL will become a wholly owned Moventis subsidiary, at which point their revenues will be consolidated by Moventis. The transaction is subject to financing and customary closing conditions. All PTL numbers referenced in this release are in Canadian dollars.
The financial measures provided in this release are in accordance with GAAP. Audited financial numbers presented in this release were selected from financial statements audited by PTL's independent auditors and prepared by PTL's management team in accordance with GAAP.
EBITDA, defined as income before interest, taxes, depreciation and amortization, is an alternative non-GAAP measure that management believes provides meaningful supplemental information regarding the financial performance of PTL. Reconciliation of non-GAAP EBITDA to the nearest comparable GAAP measure is provided below:
Reconciliation from EBITDA 12 Months Ended March 3 Months Ended June to Net Income 31, 2006 (Audited) 30, 2006 (Unaudited) -------------------------- --------------------- --------------------
Moventis Capital (Moventis) is an acquisition and growth management company trading on the OTCBB exchange under the symbol MVTS. Moventis identifies and acquires successful small to mid-sized companies and uses a proven business formula to provide the missing management expertise and financial ingredients they need to grow into industry leaders. Moventis capitalizes on an underserved market of smaller companies that do not meet the size or industry requirements of many acquisition or investment firms. A record number of these businesses is expected to exit over the next several years as baby boomer owners retire, far outpacing the number of qualified buyers and creating a significant and ongoing opportunity. For more information, visit the Moventis website at www.moventiscapital.com.
About PTL Electronics
PTL Electronics (PTL) brings products to life with its comprehensive electronics manufacturing services. With customers across the growing telecommunications, industrial control, medical, computing, multi-media and automotive sectors, PTL partners with original equipment manufacturers to help build the products that will transform their businesses -- one circuit at a time. Whether it's better managing supply chains, getting products to market faster or reducing costs, PTL offers flexible and customized solutions to meet each customer's unique needs. PTL is located in the Pacific Northwest near Vancouver, BC. For more information, visit www.ptlelectronics.com.
Safe Harbor Statement
Statements included in this news release, which are not historical in nature, are intended to be, and are hereby identified as "Forward-Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on management's current expectations or beliefs and are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including without limitation the ability of Moventis (or any other company mentioned in this release) to consummate acquisitions, obtain necessary financing and successfully grow its operations, revenue and profitability. Forward-Looking Statements may be identified by words including "outlook," "anticipate," "await," envision," "foresee," "aim at," "plans," "believe," "intends," "estimates" "expects" and "projects" including without limitation, those relating to the company's financial expectations and future business prospects. Readers are directed to the Moventis' filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations. www.sec.gov. The financial guidance provided in this news release in relation to PTL's performance and any other financial projections, future successes or results is based on limited information available to Moventis at this time and is subject to change. Although management's expectations may change after the date of this news release, Moventis undertakes no obligation to revise or update this guidance or publicly release the results of any revision to these forward-looking statements.
Contact: Blake Ponuick CEO 604-288-2430 investors*moventiscapital.com
-------------------- The difference between genius and stupidity is that genius has its limits
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Payment Data Systems, Inc. Announces the Carmen Electra Prepaid MasterCard(R) and the Carmen Electra Gift MasterCard(R) Payment Data Systems, Inc. (OTCBB: PYDS), an integrated electronic payments solutions provider, announced the Carmen Electra Prepaid MasterCard® and the Carmen Electra Gift MasterCard® are anticipated to be available for purchase on Monday July 17, 2006.
The Carmen Electra Prepaid MasterCard and Carmen Electra Gift MasterCard cards are the first series in the company's celebrity prepaid card portfolio. Louis Hoch, President and COO of Payment Data Systems, Inc. said, "We are excited to partner with such a talented personality as Ms. Electra to offer this exciting card program. The Carmen Electra Prepaid MasterCard and Carmen Electra Gift MasterCard cards are unlike any others because of their extremely competitive pricing, exclusive Carmen Electra content and continuously evolving features and benefits."
The Carmen Electra Prepaid MasterCard and the Carmen Electra Gift MasterCard are issued by MetaBank pursuant to a license by MasterCard International.
The Carmen Electra Prepaid MasterCard and the Carmen Electra Gift MasterCard are marketed and administered by Payment Data Systems, Inc. For updates, please see http://www.carmencard.com.
About Payment Data Systems, Inc.
Payment Data Systems is an integrated payment solutions provider to merchants and billers. The organization provides an extensive set of products to deliver world-class payment acceptance. Payment Data has solutions for merchants, billers, banks, service bureaus and card issuers. The strength of the company is its ability to offer specifically tailored solutions for card issuance, payment acceptance and bill payments.
Payment Data is the owner of the electronic bill payment portal, http://www.billx.com, which has the ability to transmit payments to thousands of national billers.
Payment Data Systems, Inc. (OTCBB: PYDS) is a registered ISO/MSP of MetaBank.
Payment Data's intellectual property includes U.S. Patent Number 7,021,530 that relates to bill payments made with debit and stored value cards.
For additional information, visit www.paymentdata.com. Contact Michael Long for Investor Relations information at 210.249.4040 or email at ir*paymentdata.com.
About MetaBank
MetaBank is a federally chartered savings bank headquartered in Storm Lake, Iowa. Meta Financial Group, Inc.® is the bank holding company for MetaBank, MetaBank West Central, Meta Payment Systems®, and Meta Trust Company®. The Meta Payment Systems division of MetaBank based in Sioux Falls, South Dakota, serves banks, processors, and third party marketers by providing prepaid cards, credit cards, ACH origination, merchant acquiring, ATM sponsorship, and money transfer. For more information call 605.275.8052 or visit http://www.metacash.com.
FORWARD-LOOKING STATEMENTS DISCLAIMER
Except for the historical information contained herein, the matters discussed in this release include certain forward-looking statements, which are intended to be covered by safe harbors. Those statements include, but may not be limited to, all statements regarding our and management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, the factors detailed from time to time in our filings with the Securities and Exchange Commission. One or more of these factors have affected, and in the future could affect our businesses and financial results in the future and could cause actual results to differ materially from plans and projections. We believe that the assumptions underlying the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to our management. We assume no obligation to update any forward-looking statements, except as required by law.
Portrush Announces Well Has Reached Total Depth and Announces Further Drilling Portrush Petroleum Corporation (TSX-V: PSH) (OTCBB: PRRPF) (http://www.portrushpetroleum.com) wishes to provide an update regarding its continuing operations on the Scanio/Shelton No. 7 well in the Mission River property in Texas. The well has reached total depth of 8,544 feet and a decision to complete the well has been taken. The successes of this well combined with the results already achieved from well number six have lead to the decision to rapidly develop the field.
The operator has decided to proceed with rapid development of the field and will proceed with a multiwell drilling program as soon as a rig becomes available. The number seven well encountered several hydrocarbon bearing sandstones at depth but the operator is paying particular attention to two deep zones that have been pressure tested and anticipates these deep pays will be highly productive. Early indications suggest certain zones encountered in the number seven well correlate very well throughout the immediate area. The producing zone in well number six continues to produce at a rate of 1.7 million cubic feet of gas and forty barrels of condensate a day and also appears to be present in this well.
A full suite of wireline logs was obtained, sidewall core samples were taken and several pressure tests were completed within the main target zone.
The drilling rig will be released within forty-eight hours and the operator has scheduled to move a service rig on the property to complete the well. It is intended to perforate one of the hydrocarbon bearing sandstones and place the well on production immediately.
A further announcement will be made in due course regarding the hydrocarbon types encountered and the likely size of the discovery once all the data gathered from the well has been recovered and fully evaluated. This will include initial production rates and an announcement regarding further drilling which is anticipated may commence as early as thirty days from now.
To find out more about Portrush Petroleum Corporation visit our website at www.portrushpetroleum.com or visit our Investor Relations site at http:www.agoracom.com/IR/Portrush
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
ON BEHALF OF THE BOARD
Mr. Martin Cotter, President & Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this release.
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CRWS (.65) Announces Debt Refinancing and Extinguishment of Lender Warrants and Certain Contingently Issuable Shares Jul 11, 2006 5:35:00 PM 2006 PrimeZone Media Network
GONZALES, La., July 11, 2006 (PRIMEZONE) -- Crown Crafts, Inc. ("Crown Crafts" or the "Company") (OTCBB:CRWS) today announced that it has completed a successful refinancing of its corporate credit facilities. The new financing package, secured through CIT Group/Commercial Services, Inc., substantially reduces the Company's total debt and its cost of funds and, importantly, extinguishes all of the warrants that were exercisable by its lenders and certain shares that were issuable to management upon the exercise of such warrants, which together represented more than 70 percent of the Company's equity.
"We are very pleased to announce this refinancing as part of what has been an incredible turnaround since 2001. Crown Crafts continues to make meaningful progress toward creating long-term value for its stockholders, and this new facility provides a key financial building block in that process," said E. Randall Chestnut, Chairman, President and CEO. "This transaction returns a significant portion of the Company's equity to our stockholders and clearly demonstrates Crown Crafts is again ready to grow based on its proven strengths in infant products. We've posted a solid track record of profitability for five consecutive years. All of these successes were achieved while aggressively paying down the Company's debt and making significant changes in our operations required by an evolving marketplace."
With today's announcement, Crown Crafts will have 9.5 million shares issued, 500,000 shares issuable upon the exercise of stock options and $12.6 million in debt. Immediately subsequent to the July 2001 restructuring, the Company had approximately 36 million shares issued or issuable and $48 million in debt. See the tables below for the Company's capital and debt structure immediately before and after the refinancing.
The CIT facility allows the Company to borrow up to $22 million on a three-year revolving line of credit secured by accounts receivable, inventory and fixed assets at a favorable interest rate of 1% below prime. The $16 million debt which was retired with this new loan had an effective rate of 11.65%. In connection with the refinancing, non-interest bearing subordinated indebtedness was reduced from $8 million to $4 million, payable in two non-interest bearing installments of $2 million each in July 2010 and July 2011. The $8 million debt was carried on the Company's books net of an unamortized discount of $1 million immediately before the refinancing. The new $4 million debt will initially be recorded net of an original issue discount of $1.1 million. The Company expects to record an approximate pre-tax gain of $4.0 million on the subordinated debt reduction. After the refinancing, current debt under the new agreement will be approximately $12.6 million compared to $23.9 million at the end of fiscal 2006.
Below are two tables showing the capital and debt structure of the Company immediately before and after the refinancing.
Issued and Issuable Shares Immediately Before and After the Refinancing
July 10, 2006 (1) July 11, 2006 (2) ----------------- -----------------
Outstanding Common Shares 9,505,937 9,505,937
Common Shares Issuable upon Exercise of Warrants 22,345,536 -
Shares Issuable to Management upon Exercise of Warrants 3,550,000 -
(1) Immediately before refinancing. (2) Immediately after refinancing. (3) In calculating diluted earnings per share for financial reporting purposes, the Company historically assumed that the proceeds from the exercise of all outstanding warrants and options would be used to repurchase shares on the open market. Accordingly, rather than reporting 35.9 million fully diluted shares, the Company reported 21.7 million fully diluted shares at the end of fiscal 2006 for financial reporting purposes. (4) Internally generated cash of $7.8 million was used to pay down a portion of the retired debt. (5) Includes $253,000 accrued interest to be converted to long-term debt.
"We are very pleased with the CIT financing package and the tremendous progress we have made in the past five years," said Chestnut. "With this refinancing of our debt, we have achieved several important benefits for our stockholders. We have reduced our overall debt by more than 70 percent since our restructuring in 2001, substantially reduced our interest expense going forward and right-sized the capital structure of the Company. The overhang of the warrants has been a primary concern of our stockholders and investors. This transaction not only allows us to eliminate the overhang, but to do so on extremely favorable terms that provide maximum benefit to our stockholders."
Chestnut continued, "Following last month's announcement of a 57% increase in pre-tax net income, this event further transforms our Company and is a clear confirmation by the lending community of our renewed financial strength. Since 2001, we have stabilized our business, have adjusted to significant changes in production, sourcing, importing and direct-to-retail supplying and have actually improved profitability both as a percentage of revenues and in absolute terms. We have achieved these remarkable results through a clear and dedicated focus on our core business, a disciplined approach to execution, and efficient management of all parts of our operations. Crown Crafts is today a lean, efficient and responsive business able to meet the demands and needs of our customers. We believe that we are now poised to grow and expand our business, and we look forward with excitement to the opportunities we are now positioned to embrace."
The Company will host a teleconference on Thursday, July 13, 2006 at 10:00 a.m. Central Daylight Time to discuss the refinancing and answer appropriate questions from stockholders. Interested investors may join the teleconference by dialing (866) 269-9608. Please refer to confirmation number 835994. The teleconference can also be accessed in listen-only mode by visiting the Company's website at www.crowncrafts.com. The financial information to be discussed during the teleconference may be found prior to the call on the investor relations portion of the Company's website.
A telephone replay of the teleconference will be available from 11:45 p.m. Central Daylight Time on July 13, 2006 through 11:59 p.m. Central Daylight Time on July 20, 2006. To access the replay, dial (800) 475-6701 in the United States or (320) 365-3844 from international locations. The access code for the replay is 835994.
About Crown Crafts
Crown Crafts, Inc. designs, markets and distributes infant and juvenile consumer products, including bedding, blankets, bibs, bath items and accessories, and luxury hand-woven home decor. Its subsidiaries include Hamco, Inc. in Louisiana, Crown Crafts Infant Products, Inc. in California and Churchill Weavers, Inc. in Kentucky. Crown Crafts is America's largest distributor of infant bedding, bibs and bath items. The Company's products include licensed and branded collections as well as exclusive private label programs for certain of its customers.
This release contains forward-looking statements within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such statements are based upon management's current expectations, projections, estimates and assumptions. Words such as "expects," "believes," "anticipates" and variations of such words and similar expressions identify such forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause future results to differ materially from those suggested by the forward-looking statements. These risks include, among others, general economic conditions, including changes in interest rates, in the overall level of consumer spending and in the price of oil, cotton and other raw materials used in the Company's products, changing competition, changes in the retail environment, the level and pricing of future orders from the Company's customers, the Company's dependence upon third-party suppliers, including some located in foreign countries, customer acceptance of both new designs and newly-introduced product lines, actions of competitors that may impact the Company's business, disruptions to transportation systems or shipping lanes used by the Company or its suppliers, and the Company's dependence upon licenses from third parties. Reference is also made to the Company's periodic filings with the Securities and Exchange Commission for additional factors that may impact the Company's results of operations and financial condition. The Company does not undertake to update the forward-looking statements contained herein to conform to actual results or changes in our expectations, whether as a result of new information, future events or otherwise.
CONTACT: Crown Crafts, Inc. Olivia Elliott, Secretary - Treasurer (225) 647-9124 or Halliburton Investor Relations (972) 458-8000
-------------------- The difference between genius and stupidity is that genius has its limits
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News for 'THPHF' - (Thinkpath Completes US $1.4 Million Financing With Laurus Master Fund, Ltd.)
TORONTO, Jul 12, 2006 (MARKET WIRE via COMTEX) -- Thinkpath Inc. (OTCBB: THPHF), a growing engineering services provider, announced today it has entered into additional financing of $1.4 million with its current lender, Laurus Master Fund, Ltd. (Laurus), a Cayman Islands company that specializes in direct investments in small cap companies.
The new financing is a non-convertible term loan payable monthly over 3 years and bearing interest at an annual rate equal to the Wall Street Journal prime rate plus 2%. In consideration of the financing, Thinkpath granted to Laurus 1,810,674 warrants to acquire shares of the Company's common stock at an exercise price of $.0001 per share. The warrants are exercisable after June 30, 2007 up to 15% of the daily volume on any day and expire on June 30, 2016. The underlying common stock is subject to filing of a registration statement within 120 days. Fees and expenses related to the term note totaled $86,000, netting the Company approximately $1.3 million in proceeds.
Of the proceeds, $840,000 was used to purchase The Multitech Group, Inc. as previously announced, and $280,000 was used to settle all other long-term debt obligations of the Company, leaving approximately $194,000 in additional working capital for the Company.
The negotiation of settlements of the Company's other long-term debt obligations resulted in approximately $70,000 of debt forgiveness on principal balance and represents annual savings of approximately $30,000 in interest payments.
In addition to the new financing, Laurus restructured its existing $3.5 million convertible financing facility which consists of a revolving line of credit based on eligible accounts receivable. Effective June 30, 2006, the existing facility has been changed to a non-convertible revolving facility. The facility matures on June 27, 2008 and bears interest at an annual rate equal to the Wall Street Journal prime rate plus 3%.
Laurus also increased the company's overadvance amount on the revolving note by $300,000 to $1.5 million to allow for additional working capital to fund the company's short-term organic growth plans. The overadvance bears interest at the Wall Street Journal prime rate plus 2% per month.
According to Kelly Hankinson, Chief Financial Officer of the Company, "We are very pleased to enter into this second phase of financing with Laurus. Our partnership with Laurus is critical to our strategic focus on achieving profitability and growth both organically and through acquisitions. We believe that Laurus will continue to play a beneficial role in the execution of our strategic and operating plans. Further, by agreeing to restructure the existing facility to become non-convertible as well as a 12-month lock up on trading of the warrants issued with this term note, Laurus has demonstrated their long-term commitment to both the Company and its shareholders."
ABOUT THINKPATH INC.
Thinkpath is a global provider of engineering solutions. The Company's engineering and design services cover every facet of the project from concept to SLA prototyping to complete turnkey packages that deliver a finished, operating system. Thinkpath engineers handle the drafting, detailing and parametric modeling. They work in diverse engineering disciplines including aeronautical, civil, electrical, environmental, mechanical and structural engineering. For further information about the Company, please visit www.thinkpath.com.
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Document Type: Special Notice Solicitation Number: DON-SNOTE-060710-002 Posted Date: Jul 10, 2006 Original Response Date: Current Response Date: Original Archive Date: Jul 30, 2006 Current Archive Date: Jul 30, 2006
Contracting Office Address M67854 Quantico, VA Description The Marine Corps Systems Command, Ground Transportation Engineering Systems (GTES) intends to award a sole source Contract to Force Protection Industries, Inc (FPII) of Ladson, South Carolina for twelve (12) sets of Armox steel plates for Cougar vehicles. This acquisition will be accomplished in accordance with FAR 6.302-1, for Other Than Full & Open Competition. Responsible sources capable of satisfying this requirement are encouraged to submit a statement of capability and costs, which if timely received, will be considered. Information must be provided to the contact cited below no later than 12:00 PM (EST) 21 July 2006. The point of contact for this effort is Captain Juan Arratia at juan.arratia*usmc.mil.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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LVTI (.16)Launch Television Commercials on 19 Major Television Networks Including CNN Headline News, Fox News, Bloomberg, TLC, FitTV and A&E Network 30 Second Commercials to Generate 1,600 Top 50 Airings Jul 12, 2006 6:00:00 AM
TUJUNGA, CA -- (MARKET WIRE) -- 07/12/06 -- Luvoo.com (PINKSHEETS: LVTI), a growing online dating company, is pleased to announce their latest nationwide broadcasts of 30 second commercials on 19 major television networks. These networks include CNN Headline News, Fox News, Bloomberg, TLC, FitTV, A&E Network, CNBC, BET Jazz, TV Guide Channel, Fine Living, Home and Garden TV and a host of other large networks.
The 30 second commercials will generate over 1,600 top 50 airings in over 200 markets. Broadcasts will air between 6:00am and 8:00am EDT from July 13th through July 28th. The aggressive television schedule will feature Carmen Electra, former star on the hit TV series "Baywatch."
Below are the complete run dates and networks on which Luvoo.com will be aired.
During the dates of July 13th - July 16th, July 17th - July 21st and July 24th - July 28th, Luvoo.com will run 30 second news breaks on seven networks. These news breaks are comprised of the following channels: Bloomberg, CNBC, Cable News Network, Fox News Channel, CNN Headline News, MSNBC and The Weather Channel. Each weekday Luvoo.com's 30 second news breaks will garner a minimum of 300,000 adult viewers. The listed networks are carried in over 200 markets. Luvoo.com's 30 second news breaks will generate 350 Top 50 airings.
During the dates of July 13th - July 16th and July 17th - July 21st Luvoo.com will also run on 12 additional networks. These 30 second news breaks are comprised of the following channels: A&E Network, TLC, FitTV, Home and Garden TV, Food Network, Hallmark Channel, Do It Yourself, Discovery Home, Fine Living, Travel Channel, BET Jazz and TV Guide Channel. Each of these networks is carried in more than 200 markets and will provide Luvoo.com with 600 Top 50 airings. Luvoo.com will also generate more than 45,000 adult viewers each weekday.
L Yvonne Vanhoek, President of Luvoo.com, stated, "We are honored to be approved by the major television networks to run our commercials on their channels. We will continue to aggressively market our online dating website within the United States and abroad."
For more information please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit the company website at: www.luvoo.com.
About Luvoo.com:
Luvoo.com (PINKSHEETS: LVTI) is a US corporation which is aggressively gaining market share in the on-line 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 "Instant Notifier."
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the internet, and extreme sports industries, and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.
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NHYB (.13) Signs Final Agreement with Texas Partners Jul 12, 2006 7:15:00 AM Copyright Business Wire 2006
SALT LAKE CITY--(BUSINESS WIRE)--July 12, 2006--
National Hyperbaric Rehab Center, Inc. "NHRC" (Pink Sheets:NHYB) announced today the signing of the final Joint Enterprise Agreement with the Texas Partners. They have illustrated the combined abilities to become the forerunners in achieving the expansion objectives of the Company to expand its services through the joint venture hospital facility expansion program. The Texas Partners consist of three individuals that each has specific expertise in several key areas of targeted growth for NHRC. The principles and the web sites about them and their companies are -- Greg Mayfield, CEO of McCall Medical and IPSfn (See www.IPSfn.com), located at 16800 Greenspoint Park Drive, in Houston, TX; Richard D. Bell, CEO of HMCFUNDS, (See www.hmcfunds.com), located in Webster/Clearlake Texas; and Scott E. Covington, President of S. E. Covington & Company (See www.secovinton.com), located in Houston, Texas. The Texas partners collectively bring to the organization many years of experience, expertise and personal contacts in the medical field, including personal relationships with hospital administrations, hospital owners/operators, and medical center developers.
The Texas Partners Joint Enterprise Agreement includes provisions and expectations that the Texas Partners will provide fifty hospitals under contract with NHRC within the next five years. The Agreement also provides for joint efforts to secure the expansion capital to facilitate the equipment purchase, hospital build-outs, and initial operating expense for each acquired hospital joint venture. Jerry Gines, President says, "The Advanced Wound Care Centers that NHRC establishes in hospital departments have the potential to exceed $325 million gross annual sales with fifty hospitals."
NHRC expects to announce the first three Hospital Departments which have been referred by our Texas Hospital partners in the next week or two. The Previously announced Hospital Department at Tucson Medical Center, in Tucson, AZ is an example of the top 100 caliber hospitals NHRC expects to continue to align with. NHRC will continue to sign a number of additional Hospital Department Contracts this year and in fact expects to have signed a total of approximately ten additional Hospitals by the end of 2006. NHRC anticipates adding another twenty Hospital Departments next year.
Statements contained in this press release that are not statements of historical fact are "forward-looking statements" as that term is defined under federal securities laws, including, without limitation, all statements concerning expectations, beliefs, goals, intention or strategies for the future of National Hyperbaric Rehab Centers, Inc. Forward-looking statements may be identified by words such as "goals," "plans," "believes," "will," "expects" and other words of similar meaning used in conjunction with, among other things, discussions of future operations, financial performance, product development and new ventures. Many factors could cause actual events or results to differ materially from those expressed in any forward-looking statement. Investors are cautioned not to place any undue reliance on any forward-looking statements.
Source: National Hyperbaric Rehab Center, Inc.
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National Hyperbaric Rehab Center Inc. Jerry Gines 801-964-2008
-------------------- The difference between genius and stupidity is that genius has its limits
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AIDO (.245)Announces Its Second Production Contract With Goodyear to Provide NASCAR RFID Tire Tags
CALGARY, AB -- (MARKET WIRE) -- 07/12/06 -- Today Advanced ID Corporation (OTCBB: AIDO) announced that it has received its 2nd Purchase Order from The Goodyear Tire & Rubber Company to provide the RFID tags embedded in all the racing tires used in the 2007 NASCAR season. This includes the Nextel Cup, Busch and Craftsman Truck series races.
Advanced ID has worked with Goodyear for over a year to develop an RFID tag that meets the challenging requirements of NASCAR racing, and the Goodyear Racing Eagle and Wrangler tires used throughout the 2006 NASCAR season have had embedded Advanced ID tire tags.
According to Dan Finch, President and CEO of Advanced ID, "We are pleased that Goodyear has chosen Advanced ID to supply their NASCAR RFID tire tags for the second consecutive year. Our manufacturing partner, the Hana Microelectronics Group, and Advanced ID are committed to support the Goodyear NASCAR requirements and in serving the tire manufacturing industry as RFID tire tags are deployed throughout the world. Goodyear has been very supportive in the development of the tire tag. This order is instrumental in the overall goal we announced to become the world leader in the tire tag industry."
About Advanced ID Corporation:
Advanced ID Corporation (OTCBB: AIDO) is a complete solutions provider in the radio frequency identification (RFID) market. RFID provides a means for positive identification and trace-back of objects that have been identified with a microchip or RFID tag. The Company's subsidiaries are Advanced PET ID, "The Pet Microchip Company," one of the largest providers of companion animal identification in Canada, and Advanced ID Asia Engineering Co. Ltd., the R&D and Technical Support Company. Since 1994 Advanced ID Corporation has been offering a low frequency (LF) product line of over 100 items comprised of RFID microchips, identification scanners, and a proprietary pet recovery database to the companion animal and biological sciences markets. Advanced ID is also a leader in UHF/RFID technology with a complete line of DataTRAC(TM) livestock tracking and traceability products and UHF/RFID automotive applications. Visit the Advanced ID Corporation website at: www.advancedidcorp.com
About Goodyear:
Goodyear is one of the world's leading tire companies. The company manufactures tires, engineered rubber products and chemicals in more than 90 facilities in 28 countries around the world. Goodyear employs about 80,000 people worldwide. For more information on Goodyear, go to http://www.goodyear.com.
Safe Harbor Statement: Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimate as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the company's judgment as of the date of this release. Advanced ID Corporation does not undertake to update, revise or correct any forward-looking statements.
For more information, please contact:
Dan Finch President and CEO Advanced ID Corporation Phone: (403) 252-7984 danf*advancedidcorp.com
Peter Laipnieks Advanced ID Corporation Investor Relations Phone: (250) 384-2077 peter4*telus.net
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DYHP (.25) Revenues Up 212% From Prior Year
Dynamic Health Products, Inc. Reports Record 2006 Revenue Revenues Up 212% From Prior Year Jul 12, 2006 8:00:00 AM
LARGO, FL -- (MARKET WIRE) -- 07/12/06 -- Dynamic Health Products, Inc. (OTCBB: DYHP), a leading distributor in the sports nutrition product and performance drink industries, announced today that total revenues for fiscal year ended March 31, 2006 was a record $50.1 million, an increase of 212% over the prior year's revenues of $16.1 million. Dynamic reported net income applicable to common shareholders of $5.9 million compared to a net loss of $4.4 million in the prior year. Net income on a per share basis was $0.41 in 2006 compared to a per share net loss of $0.34 in 2005.
Mandeep Taneja, Chief Executive Officer, commented, "Our fiscal year ending March 31, 2006 was an extremely gratifying year for us. We delivered record revenue, as well as laid the foundation for sustainable organic growth by increasing our in house sales force, improving our vendor relations and expanding our distribution facilities. Furthermore, major steps were taken towards optimizing our operating efficiencies through the integration of personnel and information systems." Added Mr. Taneja, "As we move into 2007, we are extremely excited by our growth potential. Customer demand is strong and we have the infrastructure in place to support our continued growth."
2006 Discussion
Total revenues of $50.1 million for the 2006 fiscal year, up 212% from $16.1 million in 2005. The significant increase in revenues included organic growth of approximately 34%.
Gross profit was $9.1 million for the 2006 fiscal year, up 190.6% from $3.1 million in 2005. Gross margin was 18.3% of revenues for the 2006 fiscal year, compared to 19.6% for 2005. We expect to improve our gross margins as we avail ourselves of purchase volume discounts and increase our sales of products yielding higher margins.
Operating expenses for the 2006 fiscal year were $9.7 million and represented 19% of revenues compared with operating expense of $4.2 million in 2005 representing 26.4% of revenues. The improvement in operating expenses, as a percentage of revenues, was due to enhanced operating efficiencies and the overall dollar increase was due to the increase in business activity and revenues.
Net income for the 2006 fiscal year was $5.9 million compared to a net loss of $4.4 million for 2005. This included non-cash income (expenses) for 2006 of $6.9 million and $(5.1) million for 2005, related to two convertible notes and warrants with fixed conversion prices ranging from $0.90 to $1.37.
Stay up-to-date with current events by joining Dynamic Health's E-Mail Alert List. Join by clicking the link below:
DYHP is a distributor in the sports nutrition product and performance drink industries and is engaged in developing, wholesaling, and distributing a wide variety of non-prescription drugs, dietary supplements, vitamins, health foods, nutritional products, soft goods and other related products. Its wholly-owned operating subsidiaries include Bob O'Leary Health Food Distributor Co., Inc., Dynamic Marketing I, Inc. and Herbal Health Products, Inc. For more about Dynamic Health Products and its subsidiaries go to our web sites at http://www.dyhp.biz,http://www.bossonline.net and http://www.dymark.com.
Safe Harbor
Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements are presented based on current information available to management and in consideration of assumptions concerning information available to management regarding future events. Forward-looking statements are subject to risks and uncertainties that could cause future events or results to differ materially from such statements. Dynamic Health Products, Inc. disclaims any intent or obligation to update or revise any forward-looking statements and presents information herein solely for the intent of delivering general information regarding the company.
FINANCIAL TABLE FOLLOWS
DYNAMIC HEALTH PRODUCTS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Fiscal Year ended March 31,
2006 2005 ============= =============
Total revenues $ 50,142,206 $ 16,079,528 ============= =============
Total cost of goods sold $ 40,985,199 $ 12,928,633 ============= =============
Depreciation and amortization 455,048 170,277 Selling, general and administrative expenses 9,226,697 4,079,092 ------------- ------------- Operating loss before other income and expense $ (524,738) $ (1,098,474) ------------- -------------
Total other income (expense), net $ 6,110,906 $ (3,245,496) ------------- -------------
Income (loss) before income taxes $ 5,586,168 $ (4,343,970) Income tax benefit (expense) 317,742 (33,575) ------------- -------------
Net income (loss) $ 5,903,910 $ (4,377,545) Preferred stock dividends - - ------------- ------------- Net income (loss) available to common shareholders $ 5,903,910 $ (4,377,545) ------------- -------------
Basic income (loss) per share $ 0.41 $ (0.34) ------------- ------------- Basic weighted average number of common shares outstanding 14,308,264 12,991,512 ------------- -------------
Diluted income (loss) per share $ 0.40 $ (0.34) ------------- ------------- Diluted weighted average number of common shares outstanding 14,711,722 12,991,512
Investor Relations Contact: Gerald Kieft or Ryan Audin Wall Street Resources, Inc. 2646 SW Mapp Road, Suite 303 Palm City, Florida 34990 772-219-7525 http://www.wallstreetresources.net
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UDTT (.034) to Offer Services in Bio-threat Monitor Industry Jul 12, 2006 8:00:00 AM 2006 PrimeZone Media Network
LOS ANGELES, July 12, 2006 (PRIMEZONE) -- Universal Detection Technology (OTCBB:UDTT) (FWB:P08) (www.udetection.com), a developer of early-warning monitoring technologies to protect people from bio-terrorism and other infectious health threats, has established a consulting division called the UDT Consulting Division. The new division will offer a variety of services, including specialized integration of the Company's anthrax spore monitor technologies with existing third party operational and safety systems, and the development of critical response plan protocols in the event of bio-threat emergencies.
Universal Detection's product, the BSM-2000, is an airborne spore monitoring system that utilizes proprietary core technology developed by NASA's JPL, and licensed exclusively by UDTT for commercial development, to provide constant monitoring of airborne bacterial spores such as anthrax. The product is designed to provide early-warning alerts with the goal of minimizing harm to people in the event of an airborne anthrax attack or other potential bio-threat involving endospores.
"The most advantageous deployment of technology devices such as the BSM-2000 monitor often demands consulting expertise and services beyond the standard installation and training phases, so we have established the UDT Consulting Division to offer these services to customers," said Jacques Tizabi, Chairman and CEO of Universal Detection. "Based on our recent research on response protocols and our discussions with experts in government and private agencies responsible for response, planning, and emergency management in the event of a biological attack, we believe UDTT is well positioned to provide consulting expertise to enable potential purchasers of the BSM-2000 to obtain the greatest potential security and cost-effective uses of our monitoring products."
In addition to providing product deployment expertise, UDT Consulting Division will offer a range of assessment expertise and services to determine effective response protocols in the event of possible terrorist attacks with conventional or non-conventional weapons. "We hope to utilize the specialized technical knowledge of UDTT's scientific and business staff members and UDTT's third party partners to provide our customers with threat evaluation, detection solutions, and pre and post incident planning and preparedness," said Nima Montazeri, Vice President of Strategic Development for UDTT. "To develop an effective response plan, for example, consultants must have a detailed understanding of the security needs of each client and the foresight to achieve a solution by analyzing all details of such client needs. Consultants must also be able to accurately evaluate the capabilities of local first responders, law enforcement and safety personnel."
About Universal Detection Technology
Universal Detection Technology (UDTT), founded in 1973, is a developer of monitoring technologies, including bio-terrorism detection devices. Universal Detection Technology, in cooperation with NASA's Jet Propulsion Laboratory (JPL) has developed the BSM-2000, a bacterial spore and anthrax spore monitoring device, which combines JPL's spore detection technology with UDTT's aerosol capture device. For more information, please visit http://www.udetection.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties include, among other things, the funding of amounts of capital adequate to provide for our working capital needs and our timely repayment of debt; our ability to timely and cost effectively complete the development and testing of our products; our ability to commercially produce our products on a profitable basis; commercial acceptance of our products; product price volatility; product demand; market competition and general economic conditions and; other factors described in UDTT's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
CONTACT: Universal Detection Technology Jacques Tizabi (310) 248-3655 jtizabi*udetection.com
CEOcast, Inc. for Universal Detection Technology Andrew Hellman (212) 732-4300
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MMXT (.0086) and SunnComm to Merge Financing for Consolidated Enterprise Proposed Jul 12, 2006 8:00:00 AM
PHOENIX, AZ -- (MARKET WIRE) -- 07/12/06 -- MediaMax Technology Corp. (OTCBB: MMXT) is moving forward with its planned merger with SunnComm International Inc. (PINKSHEETS: SCMI). An amended merger agreement will take into consideration both the recently negotiated MediaMax marketing agreement and an interim management team.
The amended merger agreement will refer to the recently negotiated marketing agreement which, among other provisions, allows MediaMax to market and sell all SunnComm products without restriction. The merger agreement will also establish an interim management team that will assume day-to-day operations of MediaMax during these final phases of its planned merger. Eventually, the interim team is expected to manage the surviving merged organization.
MediaMax Technology's Board of Directors is currently reviewing the modified plan for the proposed merger, which is expected to become effective as soon as possible. Of course, audited consolidated financial statements from MediaMax Technology Corp. and SunnComm International, Inc will be included in the filing of an S-4 registration statement with the SEC. Much of this work was completed at the end of last year and has been kept current, so it is anticipated that completion of this requirement should not cause an unreasonable filing delay. As previously announced, the companies anticipate exchanging all outstanding SunnComm shares for MediaMax shares on a one for one (1:1) basis, subject to an independent fairness opinion.
The newly negotiated MediaMax marketing agreement with SunnComm International, Inc. takes into consideration the consolidated interim management team and the proposed merger. Scott Stoegbauer, MediaMax's interim president comments, "The primary purpose of the Company's short-term goals is to move both companies beyond the industry-wide developments of last November. The timing of this merger should allow both organizations to share in future revenue and other benefits leveraged by MediaMax Technology's contacts and alliances along with SunnComm's newest products, technologies, concepts and other intellectual property ('IP')."
"The Company has recently established that certain IP owned by SunnComm might be financially leveraged through proposed acquisitions by certain MediaMax technology partner(s). These assets coupled with anticipated major funding, the combined resources of the companies, the new management team and recently-announced alliances, together with their anticipated revenue streams are expected to greatly assist the merged company in its intended elevation to a major exchange."
ABOUT MEDIAMAX TECHNOLOGY
MediaMax Technology Corporation (OTCBB: MMXT), with its international reach, implements the delivery of digital content enhancement products for the entertainment industry. With established long-term industry contacts throughout the world, the company understands and has weathered the challenges surrounding digital content management, protection and enhancement. MediaMax Technology is the sales and marketing arm for SunnComm's MediaMax suite of products. For additional information about the company, please visit the Company's Web site at www.mediamaxtechnology.com.
ABOUT SUNNCOMM
In just five years, SunnComm International Inc. (PINKSHEETS: SCMI) became the leader in digital content enhancement and security technology for audio compact disc media. MediaMax can be found on many Gold, Platinum, and Double-Platinum selling albums and has appeared on many other best-selling albums, totaling over 165 commercially released CD titles across more than 30 record labels. SunnComm was the first company to commercially release a content-protected audio CD in the United States in 2001 and co-developed and implemented an early version of the Microsoft Windows Media Data Session Toolkit: (www.microsoft.com/presspass/press/2003/jan03/01-20SessionToolkitPR.asp). For more information about the company please visit the Web site at www.sunncomm.com.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners. Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
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EVSA (.01)Files Trademark Applications for Environmentally Friendly Line of Cleaning Products Jul 12, 2006 8:30:00 AM
GERMANTOWN, MD -- (MARKET WIRE) -- 07/12/06 -- Envirosafe Corporation (PINKSHEETS: EVSA) is pleased to announce that the Company has filed trademark applications for their line of environmentally friendly cleaning products. Envirosafe Corporation's next step is to complete the packaging and distribution phase for their line of cleaning products, which is being handled by Anscott Industries, Inc.
The Company has filed trademark applications for the following products: Glass Blast, POWER WASH, PSSS-OFF, Bacman Army, SAFETY GREEN CLEANER with MMP 2000, SUPER S Carpet Cleaner and Spotter, TOTALLY AWSOME, Oxy Green, One-Step Germicidal, Medi-Kwik, and Super Healer.
"The filing of these trademark applications signifies that we are making steady progress in our efforts to begin marketing and selling our unique, environmentally friendly line of cleaning products. Once we have completed this process, we expect to complete our bottling and distribution phases. This is a very exciting time for me and for our company's shareholders," stated Bryan Kuskie, CEO and President of Envirosafe Corporation.
The Company recently announced that they have completely eliminated the Company's debt. Envirosafe Corporation has committed to enhance shareholder value through a comprehensive cost-cutting strategy, which started with eliminating the Company's debt. They have retained Rolstar Advertising and Design, of Cedar Knolls, New Jersey, to develop a new marketing and design campaign, including a new corporate logo.
About Envirosafe Corporation:
Envirosafe Corporation manufactures environmentally friendly cleaning solutions. The Company's products range from glass cleaner to grease waste digesters. Envirosafe is a leading producer of environmentally safe (green) products that are non-toxic, water based, biodegradable and do not contain butyls, isopropanol, acids, odorants or dyes.
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks 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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GPTC (.17)Receives Government and State Approval for Major Drill Program on Past Producing Uranium Mine Jul 12, 2006 8:00:00 AM 2006 PrimeZone Media Network
LAKE SUCCESS, N.Y., July 12, 2006 (PRIMEZONE) -- Golden Patriot, Corp. ("Golden Patriot") (OTCBB:GPTC) (Frankfurt:GPU) is extremely pleased to announce that it has now received Government and State approval of the 'Plan of Operations' for a 20 hole drill program on the past producing Lucky Boy Uranium Mine in Gila County, Arizona. The Plan of Operations includes: road construction, drill pad construction as well as a 20 hole drill program for approximately 6000+ Ft. All environmental requirements have now been fulfilled. Additional work is to include more geophysics/radiometric, geological sampling and mapping, which will precede the drill program expected to take place in the third quarter of this year.
Golden Patriot has recently increased its land position on this past producing uranium mine including 26 BLM claims.
GPTC also has recently been approached by a New York Stock Exchange listed gold company on a potential joint venture on one of the gold prospects GPTC holds. Discussions are at the earliest stages and there is no guarantee that a deal will be completed at any time.
Mr. Brad Rudman, President of Golden Patriot states, "This is absolutely fabulous news for Golden Patriot's management and shareholders. To receive full approval for a major drill program on the Lucky Boy Uranium Mine is what we have been striving to achieve since we first became involved in the prospect. Considering this was a past producing uranium mine and that uranium prices are near 30 years highs, management is very optimistic about the future of Golden Patriot and we feel our shareholders should share our enthusiasm."
Golden Patriot has interests in mineral properties involving uranium and gold mining. As it stands, Golden Patriot is one of if not the smallest market capitalized company that has interests in any present or past producing uranium mines.
To receive timely updates and information on any future developments as they occur please email us at info*goldenpatriotcorp.com.
Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the 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. More information is included in Golden Patriot, Corp. filings with the Securities and Exchange Commission, and may be accessed through the SEC's web site at http://www.sec.gov.
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TTGL (.50)and Sprint Join Forces to Distribute International Prepaid Cards Jul 12, 2006 8:00:00 AM Copyright Business Wire 2006
OVERLAND PARK, Kan.--(BUSINESS WIRE)--July 12, 2006--
Sprint (NYSE: S) and Oblio Telecom (a wholly owned subsidiary of Titan Global Holdings) (OTC BB: TTGL) have announced an agreement to distribute targeted international, private-label prepaid products. Oblio Telecom, one of the largest distributors of international prepaid products in the U.S., will distribute the Sprint private-label prepaid cards to retail and other businesses via its distribution network.
"Sprint has a history of providing prepaid cards that offer quality service and high value to its customers," said David Bottoms, vice president indirect retail for Sprint. "Our relationship with Oblio Telecom will allow us to reach prepaid calling card customers who have a real need to connect with their friends and family overseas. Marketing within the international prepaid card business requires a partner, like Oblio Telecom, who has a proven distribution strategy for reaching this important group of customers."
Sprint will immediately offer 25 differentiated private-label prepaid products through its Oblio Telecom relationship and expects to launch additional products in the coming months.
"Oblio Telecom has a rich history of delivering quality product to the prepaid market place. Oblio Telecom distributes prepaid calling cards through a growing retail network which covers an estimated 60,000 locations nationwide and in Puerto Rico," said Kurt Jensen, President and CEO of Oblio Telecom. "This strategic partnership with Sprint will enable Oblio Telecom to further distinguish itself as a high quality leader in the prepaid industry."
"We are excited to add Sprint private-label prepaid calling cards to our product offerings," said Bryan Chance, Chief Financial Officer of Titan Global Holdings and Oblio Telecom. "Sprint is a very desirable strategic partner given its exceptional financial stability, integrity, and commitment to customer service and quality."
About Oblio Telecom
Oblio Telecom is a wholly owned division of Titan Global Holdings, Inc. and is a market leader in prepaid telecommunications services. Oblio Telecom provides a broad array of prepaid international calling cards through a distribution network covering an estimated 60,000 retail locations nationwide and in Puerto Rico. In addition, Oblio Telecom recently launched BRAVO Cellular, a prepaid wireless communication service.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of communications services bringing mobility to consumer, business and government customers. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks offering industry leading mobile data services; instant national and international walkie-talkie capabilities; and an award-winning and global Tier 1 Internet backbone.
Source: Titan Global Holdings
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Media Contacts: Melinda Tiemeyer 913-794-1089 Melinda.g.tiemeyer*sprint.com or Oblio Telecom PR Contact: Joel Arberman 678-755-2113 joel.arberman*stockaware.com
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Pet Ecology Brands, Inc. (PINKSHEETS: PECB) -- www.petecology.com -- announced the finalization of purchase orders and distributor agreements for domestic distribution, which continues to be inline with the Company's market penetration plan for the United States.
Pet Ecology Brands, Inc. recently received its first order from Royal Pets carrying the Company's full line of products. Royal Pet Supplies, which is one of the major pet product distributors in the eastern United States with warehouses in both New York and Florida, placed an initial order for 2,720 4-lb bags of Scientific Professional(TM) Cat Litter and 3,024 bags of K-9 Fat Free Dog Treats. It is anticipated that the relationship with Royal Pet Supplies will continue to prosper and that reorders will follow on a regular basis. PECB will be attending Royal Pet Supplies' "Greatest Show on Earth" customer trade-show in September, where it hopes to announce its next product launch.
Pet Ecology Brands, Inc. also signed a vendor agreement and received its first purchase orders from Central Pet, whose major distribution centers are located in New Jersey and Florida. Along with their other valuable customers, Central Pet will support the large pet superstore retailer, Superpetz, a 31-store retail pet chain extending from Michigan to Georgia, with headquarters in Hatfield, PA, who have now added PECB's pet specialty cat litter product to their planogram.
The Company is pleased that the normal business of reorders is continuing as a result of having an exceptional sales force that consists of four pet broker groups, covering the entire US and Canada, over 25 qualified pet specialty distributors throughout the US and Canada, and Pet Ecology's in-house sales team.
Pet Ecology Brands, Inc. has developed a revolutionary patented cat litter that destroys urine odor, clumps, and is earth-friendly. Scientific Professional(TM) Cat Litter is ultra-lightweight and convenient to use (3lbs works like 21lbs of clay/sand based products); it is 100% flushable and safe for sewer and septic tank systems. It is completely safe for cats and our environment, and does not contain any sodium bentonite, as used in competing brands. The design helps to protect the landfills, and yet does everything that clay litters do... and more. It has the ability to help indicate certain diseases commonly occurring in cats. The technique used is similar to that found in Merck's Veterinarian Manual. However, this litter not only warns of possible illness, but may also help indicate how far along the illness may be by the color the litter changes to, thereby providing the pet owner significant additional benefits and an early warning system concerning the cat's health. Scoop-Lite(R) provides the same benefits as Scientific Professional Cat Litter without the sickness indicator.
Pet Ecology's K-9 Fat Free Dog Treats(TM) are the first fat free treats on the market that meet the standards of the U.S. Department of Agriculture, and offer dog owners an effective means to provide their pets with a non-fat tasty treat. They are also cholesterol free and sodium free. According to U.S. News & World Report, "the number one health problem for dogs is obesity." Today, dogs are fed fat rich food and treats, and often get significantly less exercise than required to maintain an ideal weight and healthy condition. Overweight dogs are more prone to serious injury, skeletal stress, and the same complications that people experience with significant weight gain via fat rich diets, ranging from heart and lung problems, to skin and kidney diseases, to circulatory and immune system issues. Vit-A-Dog Fat Free Treats (soon to be available) are enriched with vitamins D & E, and will be available in chicken, beef and liver flavors.
Other products anticipated being launched by Pet Ecology Brands, Inc. in 2006 include the first fat free cat treat, a low sodium and low fat microwavable gourmet cat dinner; and two product line extensions for the Scientific Professional Cat Litter line to help indicate feline pregnancy and diabetes.
SAFE HARBOR STATEMENT
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations. As statements regarding future events concern management's estimates of future results of operations, and as these estimates are based on many elements beyond management's control, differences from management's estimates may occur, and such differences may be material.
Contact:Ralph SteckelPet Ecology Brands Inc14822 Venture Dr.Dallas, TX 75234972-759-8080http://www.petecology.com http://www.scientificcatlitter.comhttp://www.k9fatfreedogtreats.comInvestor Relations Contact:Gerald Kieft or Ryan AudinWall Street Resources, Inc.2646 SW Mapp Road, Suite 303Palm City, Florida 34990772-219-7525http://www.wallstreetresources.net SOURCE: Pet Ecology Brands, Inc.
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Unique Pizza and Subs Finalizing Agreements for Houston, Texas and Detroit, Michigan
PrimeZone via COMTEX
Jul 12, 2006 8:30:42 AM
PITTSBURGH, Jul 12, 2006 (PRIMEZONE via COMTEX News Network) --
Unique Pizza and Subs Corporation (Pink Sheets:UPZS), a Delaware Corporation, is finalizing agreements with franchise groups in Houston, Texas and Detroit, Michigan. The potential ownership groups came to Pittsburgh recently to visit Unique Pizza and Subs' corporate headquarters and sample the product first-hand. Verbal commitments to open an initial five stores in each market have been accepted, and the final agreements are in the process of being finalized. Both groups intend to begin opening stores before the end of the year.
James Vowler, President and CEO of Unique Pizza and Subs, outlined the current state of the business, "We are very excited about entering the Michigan market because it is headquarters to four of the top fifteen largest pizza franchises in the U.S. At Unique Pizza and Subs we have some clear competitive advantages: we are the only publicly traded pizza franchise that will have all of our location's orders routed to a centralized Customer Response Center. Research shows that call centers have an average up-sell of 15-20 percent and save each individual franchise 5 percent labor cost. This will also provide our customers with a better ordering experience. We are the only pizza franchise that was designed to have the quality product of a "mom and pop" and the consistency of a major franchise. All of our products are made fresh daily and prepared when ordered. While other major pizza franchises only target the high profile markets, we open successful stores in high profile and small markets with the proven ability to convert existing independent pizza shops into a Unique Pizza and Subs franchise in only about one week. We have the capability to finance these conversions in-house. We also have an expanded menu with a limited inventory, which means the franchisees inventory is always fresh while keeping the food cost down. For example, we use the same chicken tenders for forty plus menu items, which achieves a lower food cost due to overall volume. This allows us to use Tyson's top of the line tenders at a much lower price, passing the savings on to the customer and the profits to the franchisees. Our Unique and extensive menu of fifteen-plus specialty pizzas and forty plus subs, makes Unique Pizza and Subs a destination rather than just another pizza shop."
In addition to Houston and Detroit, Unique Pizza and Subs is also in advanced negotiations for Ontario, California, Royal Oak, Michigan, San Diego, California and Baton Rouge, Louisiana. This recent flurry of activity is taking place as Unique Pizza and Subs is preparing to open (194 committed locations by the end 2007) franchises in Austin, Texas, Atlanta, Georgia, Boston, Massachusetts, Milwaukee, Wisconsin, Northeastern North Carolina, Connecticut, New Hampshire, Rhode Island and several additional locations in Western Pennsylvania this summer.
About Unique Pizza and Subs Corporation, a Delaware Corporation
Unique Pizza and Subs Corporation currently is a startup/development stage company. Jim Vowler, President and CEO, completed four years of research before opening his first pizza restaurant in Millvale, PA, and then spent the next eleven years refining every aspect of the pizza business and was responsible for opening more than 20 locations under the name Unique Pizza Factory Corporation. Mr. Vowler's pizzas were the official pizza of the Pittsburgh Penguins and won numerous awards for taste and quality. Calling on this experience, Mr. Vowler has assembled an experienced management team to further develop the company's unique, quality products and business model that is well positioned for rapid growth.
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.
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NSDM (.0045) Announces Positive Test Results
BELLINGHAM, WA, July 12 /PRNewswire-FirstCall/ - North Star Diamonds, Inc. (Pink Sheets: NSDM) North Star Diamonds Inc. wishes to announce positive results have been confirmed on the geological samples submitted to Tech Cominco (www.gdlabs.ca). The sand concentrate from Creek 7 contains kimberlite indicator minerals. Based on present results, further samples are being taken to locate the source of the indicator minerals. In addition, results of the Kelsey Lake kimberlite have been completed as a comparison for other kimberlites and lamproites in the area. The Kelsey Lake kimberlite produced gem grade diamonds from 1996 to 2000. Walter Stunder believes that under today's higher rough diamond prices and better acceptance of lower grade diamonds, pipes similar to the Kelsey Lake kimberlite would be economical. Further sampling is in process on the USA prospects. About North Star Diamonds, Inc. North Star Diamonds, Inc. is a diamond exploration and sales company. The Company holds 121,808 strategically acquired diamond claims mostly in the Manitoba area of Canada. The Company sells diamonds in Canada and the United States. North Star Diamonds, Inc. has offices in Bellingham, WA and Vancouver, BC. www.northstardiamonds.net 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 North Star Diamonds, Inc., and members of their 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. CONTACT: Toll Free: 1-877-454-7872, or Email: contact*northstardiamonds.net, Walter Stunder, President SOURCE North Star Diamonds, Inc.
Contact Information: Toll Free: 1-877-454-7872, or Email: contact*northstardiamonds.net, Walter Stunder, President
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IHDR (.115)announces that the company has completed production and internal testing of the Energy Commander V (EC V) low impact hydro energy unit. The Company is now displaying the completed EC V unit on its web site, before transportation to its fielding site. The unit's internal testing exceeded all expectations for its revolutionary design. The 12 cylinder rotary motor, the first ever to run from the patented positive displacement of fluid instead of less efficient turbines, runs from a six inch inlet of water, in an expandable mode which can be used on waste water flows from tens of thousands of sources. With the completed internal testing of the unit, the system will now be transported to its fielding and on site production engineering site, with an anticipated delivery date of July 17, for field tests and engineering certification of this production unit.
The EC V system utilizes a dual cycle cylinder to produce energy in a completely efficient manner, from all twelve cylinders in the rotary fashion. The unit, displayed on the Company's web site, shows viewers photographs of some of the internal parts, and the completed EC V rotary, 12 cylinder unit which will now be passed off for field testing at a location to be announced within the next week. The Energy Commander system is the first positive displacement low impact energy technology ever built or patented for use of low flows, and waste flows of industrial and natural flows.
IHDR's EC V unit will now be fielded to a site where it will be certified for energy production, and for production plans. The follow on production of ten units is now projected for the third quarter 2006.
The EC V "slice" concept was used in production of the 12 cylinder unit. As built, each rotary 360 degree slice houses twelve 4 inch cylinders, will be able to be stacked with other slices to provide the 30 kilowatts of standard output, with additional or less slices, each of 12 cylinders, needed or not needed based upon the flow that is present at any one location. IHDR has recently announced that it was able to plan for as little as 30 p.s.i. of pressure for production of electricity in multiple units at a single site. Expandability is a key that traditional turbine technology does not support.
About Internal Hydro International, Incorporated
Internal Hydro International, Inc. is an alternative energy company that developed a clean energy power system, the Energy Commander Systems, which utilizes a patented technology using waste water, fluid or gas flow from any source where flow pressure is present, and yet wasted, to create electricity. Internal Hydro has grown into a multi-national enterprise with international contracts spanning over three continents. Internal Hydro is well positioned to gain major market share and dominate the niche of hydro energy and expansion into other renewable energy areas in the fragmented alternative energy marketplace. For more information, please visit the company's Web site at www.InternalHydro.com.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statement of IHDR officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future IHDR actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and IHDR has no specific intention to update these statements.
CONTACT: Internal Hydro International Inc. William Englemen, Investor Relations (713) 320-3596 contact*internalhydro.com
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PLANTATION, Fla.--(BUSINESS WIRE)--July 12, 2006-- Connected Media Technologies, Inc. (OTCBB:CNCM), today announced that it has completed its acquisition of Natcom Marketing International ("NMI"), a Puerto Rican based full-service marketing communications agency. With the closing of the transaction, Connected Media has acquired all of the outstanding shares of NMI in exchange for a total of fifty percent (50%) of the issued and outstanding shares of the Company's common stock and NMI has become a wholly owned subsidiary of the Company. In addition, concurrent with the closing, Robert Rodriguez, Isidro "Izzy" Gonzalez and Mark Mayo have joined the Company's Board of Directors. Rafael Diaz-Balart has been appointed Chairman of the Company, and Leigh Rothschild and Robert Rodriguez have been appointed Vice Chairmen of the Company. According to Jeffrey W. Sass, Connected Media's CEO, "We are very pleased to have completed our anticipated merger with NMI, and we welcome Bob, Mark and Izzy to our Board of Directors. This merger marks an important step forward for Connected Media as we position ourselves as a leading digital media solutions provider. We have already begun to integrate our patented technology with NMI's expertise and contacts to enhance our offerings and customer base as a consolidated company. "
New Board Members
President of NMI, Robert Rodriguez is Co-founder and CEO of NatCom Marketing Communications, a 24-year-old Miami based full service Hispanic-marketing agency. NatCom, a twice ranked INC 500 Company, represents entities such as Bombardier, Lucent Technologies, Chevron, FL Lottery, Avaya, Wells Fargo, Allegro and the Federal Government with marketing initiatives in the U.S. as well as Latin America. Prior to launching NatCom, Mr. Rodriguez served as vice president of sales at Consumer Publishing International, a Dallas Cowboys related company. In addition to his corporate responsibilities, Mr. Rodriguez currently serves as president of the International Advertising Association's Florida chapter (IAA), Chairman of the Marketing Committee at the City of Miami's ITB. He is also an executive committee member of the Greater Miami Chamber of Commerce and Chairman of the Board of Trustees of Cushman School. Mr. Rodriguez was the former vice chairman of the Miami Symphony and was elected as an Executive Committee member of the Republican Party of Miami-Dade in 1984. He received his master's degree in ALS from the University of Miami and his undergraduate degree with honors from Barry University. Mark Mayo is currently the CEO and founder of the L4 Media Group, a group of fifteen (15) ethnically programmed TV stations primarily located in the Southeast. Mr. Mayo has over 30 years of management experience with major market TV, radio and newspapers that blends management, finance, production and business development. Previously, Mr. Mayo co-founded NewsProNet, an industry leader in providing syndicated news content for television to over 120 TV clients. Prior to starting NewsProNet, Mr. Mayo was VP/GM/CFO for an Internet start-up, FASTV.COM and for the Worldwide Broadcasting Network, with offices in Boston, New York and Los Angeles. Prior to FASTV, Mr. Mayo spent 10 years with Sunbeam Television Corp. starting as Controller in 1986 and later becoming corporate VP of Finance, Administration and Production in Boston and Miami hubs. Prior to joining Sunbeam, Mr. Mayo worked for 12 years for the Hearst Corporation starting at the Baltimore Newspaper division in 1974 and then transferring to the Broadcast Division to become the Controller for WTAE television and radio in Pittsburgh, PA in 1980. Izzy Gonzalez currently heads Connected Media's sales operations and has worked as an industry consultant for media companies including SBS, Argent Trading, Natcom Marketing and WAVE Magazine. He previously served as Director of Advertising Sales, for Sony Pictures Television International. Prior to that, Mr. Gonzalez was at the CBS Station Group's WFOR-4 in Miami, Florida, as New Business Development Manager. He also worked as Director of Advertising Sales for The Weather Channel (TWC) Latin America. Before that Gonzalez was Producer and Sales Manager for the immensely popular Univision variety program Sabado Gigante, where he initiated sponsorships with brands including Ralston Purina, Polaroid, and McDonalds. Mr. Gonzalez holds a degree in Management Information Systems from the Queensborough College part of the City University of New York system (CUNY).
About Connected Media Technologies, Inc.
Connected Media Technologies, Inc. is focused on digital media marketing and technology solutions in the areas of entertainment content (film, music, video), education, advertising, travel and promotion. The Company is the exclusive licensor of US Patent #6,101,534, "Interactive, Remote, Computer Interface System", and US Patent #6,952,697, "A Media Validation System" and a number of additional patent applications pending with the USPTO. NMI, a Puerto Rico-based full-service marketing communications agency, is a wholly owned subsidiary of Connected Media. Founded in 1997, NMI provides complete marketing and communications initiatives to blue-chip corporate clients such as Royal Caribbean, Lucent Technologies, Avaya, RJR/Nabisco and Argent to name a few. Additional information about Connected Media Technologies can be found by visiting the Company's web site at http://www.connectedmedia.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including the company's ability to prosecute and defend its patents, attract new licensees, maintain the company's relationships with strategic partners and acquire new strategic partners, the company's ability to raise additional capital and other factors mentioned in various Securities and Exchange Commission filings made periodically by the company, may cause the company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the company's expectations or future events. The Connected Media Technologies, Inc. logo is a trademark of Connected Media Technologies, Inc.
KEYWORD: NORTH AMERICA FLORIDA NEW YORK UNITED STATES INDUSTRY KEYWORD: TECHNOLOGY INTERNET SOFTWARE COMMUNICATIONS MARKETING MERGER/ACQUISITION SOURCE: Connected Media Technologies, Inc.
CONTACT INFORMATION: Connected Media Technologies, Inc., Plantation Jeffrey W. Sass, 305-407-2779 Fax: 800-934-3887 jsass*connectedmedia.com
Advanced ID Receives 2ND Contract From Goodyear for NASCAR RFID Tags for 2007 Season Wednesday July 12, 8:00 am ET
Advanced ID Corporation, a Leading RFID Company, Announces Its Second Production Contract With Goodyear to Provide NASCAR RFID Tire Tags
CALGARY, AB--(MARKET WIRE)--Jul 12, 2006 -- Today Advanced ID Corporation (OTC BB:AIDO.OB - News) announced that it has received its 2nd Purchase Order from The Goodyear Tire & Rubber Company to provide the RFID tags embedded in all the racing tires used in the 2007 NASCAR season. This includes the Nextel Cup, Busch and Craftsman Truck series races. ADVERTISEMENT
Advanced ID has worked with Goodyear for over a year to develop an RFID tag that meets the challenging requirements of NASCAR racing, and the Goodyear Racing Eagle and Wrangler tires used throughout the 2006 NASCAR season have had embedded Advanced ID tire tags.
According to Dan Finch, President and CEO of Advanced ID, "We are pleased that Goodyear has chosen Advanced ID to supply their NASCAR RFID tire tags for the second consecutive year. Our manufacturing partner, the Hana Microelectronics Group, and Advanced ID are committed to support the Goodyear NASCAR requirements and in serving the tire manufacturing industry as RFID tire tags are deployed throughout the world. Goodyear has been very supportive in the development of the tire tag. This order is instrumental in the overall goal we announced to become the world leader in the tire tag industry."
About Advanced ID Corporation:
Advanced ID Corporation (OTC BB:AIDO.OB - News) is a complete solutions provider in the radio frequency identification (RFID) market. RFID provides a means for positive identification and trace-back of objects that have been identified with a microchip or RFID tag. The Company's subsidiaries are Advanced PET ID, "The Pet Microchip Company," one of the largest providers of companion animal identification in Canada, and Advanced ID Asia Engineering Co. Ltd., the R&D and Technical Support Company. Since 1994 Advanced ID Corporation has been offering a low frequency (LF) product line of over 100 items comprised of RFID microchips, identification scanners, and a proprietary pet recovery database to the companion animal and biological sciences markets. Advanced ID is also a leader in UHF/RFID technology with a complete line of DataTRAC(TM) livestock tracking and traceability products and UHF/RFID automotive applications. Visit the Advanced ID Corporation website at: www.advancedidcorp.com
About Goodyear:
Goodyear is one of the world's leading tire companies. The company manufactures tires, engineered rubber products and chemicals in more than 90 facilities in 28 countries around the world. Goodyear employs about 80,000 people worldwide. For more information on Goodyear, go to http://www.goodyear.com.
Safe Harbor Statement: Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimate as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the company's judgment as of the date of this release. Advanced ID Corporation does not undertake to update, revise or correct any forward-looking statements.
Contact: For more information, please contact:
Dan Finch President and CEO Advanced ID Corporation Phone: (403) 252-7984 danf*advancedidcorp.com
Peter Laipnieks Advanced ID Corporation Investor Relations Phone: (250) 384-2077 peter4*telus.net
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IVHG (.023) Receives Multi-Unit Order for Recently Launched URC3 Robotic Workspace Technologies Inc. (RWT(TM)), the Industrial Robot Control Subsidiary of Innova Holdings, Will Provide URC3(TM) Controls for 8-axis MIG Welding Application Jul 12, 2006 9:20:00 AM
FORT MYERS, FL -- (MARKET WIRE) -- 07/12/06 -- Innova Holdings, Inc. (OTCBB: IVHG), a robotic technology firm providing software and hardware systems to the service, personal, and industrial robotic markets, announced today that it has received a multiple unit order for the recently launched URC3 (Universal Robot Controller(TM)) from a custom fabricator of parts for the trucking industry.
In each workcell, the URC3 will interface with a six-axis Cincinnati Milacron 646 robot being used for MIG welding. The workcell includes a Miller Deltaweld� system equipped with Miller Auto Invision(TM) welding control and a two-axis positioning table for a total of eight (8) axes under URC3 control. The URC3 will be running RWT's ArcScript application software.
"This is the sort of application in which the URC3's open PC architecture really sets us apart from other controllers," comments Robert Ballard, Vice President of Operations. "It allows the manufacturer to keep their workcell intact by replacing the existing robot controller with the URC3, saving time and rework cost. Not only can the URC3 be retrofitted to the older robots, but it easily can be integrated with the weld system and positioning table freeing up floor space and providing the added benefit of an easy to use supervisory control, in addition to robot control, for each workcell."
The recently launched high-performance URC3 robot controller is smart, easy, and open. Many of the enhancements are the direct result of capabilities developed to meet the continuous feedback from the marketplace. Specifically, the URC3 features improved processing speed and improved path following and speed control, particularly for older robots like Cincinnati Milacron 646 robots. RWT's RobotScript� language is used for off-line programming, language-based programming, and program line commenting. It features built-in libraries and subroutines to reduce the time required for programming. RobotScript provides the capability for advanced motion and process, multiple servo axis control, network support, and communication with other PC devices. The URC3's will also be running ArcScript application software that RWT has developed specifically to simplify programming arc welding applications.
About Innova Holdings Inc.
Fort Myers, Fla.-based Innova Holdings Inc. (OTCBB: IVHG), through its subsidiaries, provides hardware and software systems-based solutions to the military, service, personal and industrial robots markets. The robotics and automation technology company is chartered to continue expanding its growing suite of technologies through acquisitions and growth. Its founder, Chairman and CEO Walter K. Weisel, is recognized as a pioneer and leader in the robotics industry. The company's wholly owned subsidiaries are Robotic Workspace Technologies Inc. (RWT(TM)), Innova Robotics Inc., and CoroWare. To learn more, visit us online at www.InnovaHoldings.com.
Investor Relations
Investors can visit Innova Holdings' Investor Relations Hub at www.agoracom.com/IR/Innova to post questions and receive answers, or simply review questions and answers by other investors. They may also request to be added to the investor e-mail list.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Forward-looking statements such as "believe," "expect," "may," "plan," "intend," "will" etc., contained herein are within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and are based on the Company's beliefs and assumptions it made using information currently available to it and which reflect current views concerning those future events. Actual results could differ materially. Therefore, undue reliance should not be placed on any forward-looking statements, since they apply only as of today's date, and subsequent events and developments may cause the Company's estimates to change. Risks and uncertainties are described in the Company's periodic Securities and Exchange Commission filings. The Company specifically disclaims any obligation to update the forward-looking information in the future.
FOR MORE INFORMATION CONTACT: Sandra L. Brooks INCOMM International Inc. 7825 Baymeadows Way, Suite 101-A Jacksonville, FL 32256 Tel: (904) 636-5085 Email: slbrooks*incomminternational.com URL: www.incomminternational.com
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Entry into a Material Definitive Agreement, Completion of Acquisiti
Item 1.01 Entry into a Material Definitive Agreement. On July 8, 2006, The FrontHaul Group, Inc., a Delaware corporation ("FHAL"), entered into an Agreement and Plan of Merger (the "Merger Agreement") with Conversion Solutions, Inc., a Delaware corporation ("CVSU"). The Merger Agreement contemplates that, subject to the terms and conditions of the Merger Agreement, Conversion Solutions, Inc. will be merged with and into FHAL, with FHAL continuing after the merger as the surviving corporation (the "Merger").
Pursuant to the Merger Agreement, at the effective time of the Merger, each issued and outstanding share of common stock of Conversion Solutions, Inc. will be converted into the right to receive 1 shares of FHAL common stock, par value $0.001 per share (the "Exchange Ratio"), and each issued, outstanding, unexpired and unexercised CVSU stock option will be converted into FHAL stock options using the Exchange Ratio.
The Board of Directors (the "Board") and Majority shareholders of FHAL has unanimously approved the Merger Agreement. FHAL and CVSU have made customary representations, warranties and covenants in the Merger Agreement. FHAL's covenants include, among others, that (i) CVSU will conduct its business in the ordinary course consistent with past practice during the interim period between the execution of the Merger Agreement and the effective time of the Merger, (ii) FHAL will not engage in any types of transactions during such interim period, (iii) FHAL and CVSU will not solicit proposals relating to alternative business combination transactions, and (iv) subject to certain exceptions, FHAL and CVSU will not enter into discussions concerning or provide confidential information in connection with any proposals for alternative business combination transactions.
FHAL and CVSU intend to file an S-4 registration statement / prospectus in connection with the proposed Merger for the registration of the CVSU share pursuant to the Merger agreement. Completion of the Merger is subject to customary closing conditions, including, among other things, (i) absence of any order or injunction prohibiting the consummation of the Merger; (ii) the accuracy of the representations and warranties of the each party; and (iii) compliance of each party with its covenants.
The Merger Agreement contains certain termination rights for both CVSU and FHAL, and further provides that, upon termination of the Merger Agreement under specified circumstances.
This description of the Merger Agreement is qualified in its entirety by the terms and conditions of the Merger Agreement, which is filed as Exhibit 2.1 hereto, and is incorporated herein by reference.
The Voting Agreements
In connection with the execution of the Merger Agreement, FHAL's executive officers and each member of the Board, in their capacities as stockholders, entered into a Voting Agreement with CVSU (each, a "Voting Agreement"), pursuant to which, among other things, each executive officer of FHAL and member of the . . .
Item 2.01 Completion of Acquisition or Disposition of Assets. The Financial Accounting Standards Board's Interpretation No. 46, "Consolidation of Variable Interest Entities - an interpretation of ARB No. 51," (revised) ("FIN 46(R)") provides guidance on the identification of and reporting for variable interest entities. FIN 46(R) requires that a company consolidate a variable interest entity when the company is the primary beneficiary of the variable interest entity. The primary beneficiary of a variable interest entity is the party that absorbs a majority of the entity's expected losses, receives a majority of its expected residual returns, or both, as a result of holding a variable interest.
As a result of the agreement noted in Item 1.01, the Company has concluded that it is the primary beneficiary of Conversion Solutions, Inc. as defined by FIN 46(R) and, therefore, will consolidate The FrontHaul Group, Inc and Conversion Solutions, Inc. financial results at the filing of the Company's Fourth quarter June 30, 2006 10KSB of fiscal 2005.
Item 2.02 Results of Operations and Financial Condition. As a result of the agreement noted in Item 1.01, and incorporated by this reference; the Financial Statement of CVSU for the first quarter of 2006 January thru March, is attached hereto as Exhibit 9.1 and will be the starting point for the consolidated financial that will be filed for the Forth Quarter 2005 ending June 30, 2006.
Section 3 - Securities and Trading Markets
Item 3.01 Transfer of Listing. As a result of the agreement noted in Item 1.01, and incorporated by this reference; the surviving name of the corporation and trading symbol will be Conversion Solutions, Inc (OCT BB: CVSU).
Item 3.02 Unregistered Sales of Equity Securities. As a result of the agreement noted in Item 1.01, and incorporated by this reference; the following securities are issued to the exiting officer per employment contracts;
(a) David Perley Operations Manager 2,000,000 Common Shares (b) Randy Moseley Chief Financial Officer 1,000,000 Common Shares (c) Jacquie O'Neill Account Manager 30,000 Common Shares (d) Jerry Willeford Fleet Manager 20,000 Common Shares
Section 5 - Corporate Governance and Management
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. As a result of the agreement noted in Item 1.01, and incorporated by this reference; the surviving Directors and Officer of the Reorganized corporations are listed as follows:
Exiting Board of Directors (a) Michael Alexander Chairman
Exiting Officers (a) Michael Alexander Chief Executive Officer (b) Randy Moseley Chief Financial Officer (c) Jacquie O'Neill Account Manager (d) Jerry Willeford Fleet Manager (e) David Perley Operations Manager
Surviving Board of Directors (a) Rufus Paul Harris Chairman (b) Ben Stanley Director (c) Jerry Bivens Director (d) John Walsh Director
Surviving Officers (a) Rufus Paul Harris Chief Executive Officer (b) Ben Stanley Chief Operating Officer (c) Darryl Horton Chief Financial Officer (d) Jerry Bivens Corporate Secretary (e) Romeo Venditti Executive Vice President of Global Investements (f) Sabra Dabbs Executive Vice President Investments (g) John Walsh Executive Vice President Administrations
Rufus Harris - Chairman & Chief Executive Officer & President Mr. Harris is the Founder and originator of Waatle Holdings Corp, Arizona Corporation and Conversion Solutions, Inc a Delaware Corporation. The co-founder of Songwi Trust. His experiences range from high-end corporate financing to bond origination. Mr. Harris has facilitated and originated projects, corporate and bond financing for more than 10 years.
Ben Stanley - Director & Chief Operating Officer Mr. Stanley is the Founder and co-originator of Waatle Holdings Corp and CVSU and the co-founder of Songwi Trust. His experiences range from high-end corporate financing to bond origination. Mr. Stanley has facilitated and originated projects, corporate and bond financing for more than 15 years.
John Walsh - Director & Executive Vice President Administrations Mr. Walsh formerly served as Controller, Birmingham Southeast, LLC a subsidiary of Birmingham Steel Corporation. Prior to that, Mr. Walsh has more than 25 years of experience as a Controller and Administrator in several industries, i.e., molded rubber, chemicals, fibers, PVC film, and consulting. His experience includes more than 18 years with Hoechst Corporation, a Fortune 100 Company, with ever-increasing responsibilities. He last served as Director of Financial Administration at the Hoechst PVC Film Division.
Darryl Horton, CPA - Chief Financial Officer Mr. Horton is a graduate of Accounting (cum laude) from Michigan State University and has an array of experiences that include fifteen years working as an executive with the State of Michigan. Mr. Horton has served State Government as Director of Internal Audits and he is currently the Director of the Division of Licensing & Certification, which is responsible for the monitoring and regulation of all of the state's hospitals and health facilities.
Darryl Horton has earned invaluable experience as a Certified Public Accountant for over fourteen years and as Founder and CEO of Horton & Associates, a public accounting firm specializing in corporate tax planning. As an Associate Member of the Certified Fraud Examiners and as a Certified Internal Auditor, Mr. Horton has developed and monitored budgets in excess of 250 million USD, focusing on analysis of internal controls and utilizing risk assessment tools for various organizations in both the private and public industry sectors.
Mr. Horton is a highly respected member of his community who serves as Audit Chair for the local chapter of the American Red Cross; he is a member of the National Association of Accountants and the Institute of Internal Auditors, in addition to participating on the boards of several other organizations and charities.
As Chief Financial Officer, Mr. Horton will provide corporate leadership by directing treasury activities and with coordination of budget programs. He will assess the financial impact of functional initiatives and generate creative solutions. Mr. Horton will formulate and optimize the capital and tax strategy of the company and will be responsible for financial reporting by developing objectives for establishing a reporting system with controls and safeguards to protect company assets.
Jerry Bivens -- Corporate Secretary Mr. Bivens has a Masters of Education from University of Tennessee, and a Bachelor of Science from Tennessee Wesleyan College. His experience ranges from Director of Financial to Marketing Director for two publicly held companies. Mr. Bivens has taught at the United States Military Academy, WestPoint, University of Tennessee, Hiwassee College, and Tennessee Wesleyan College.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. As a result of the agreement noted in Item 1.01, and incorporated by this reference; the surviving Articles of Incorporation is attached hereto as Exhibit 3.1.
As a result of the agreement noted in Item 1.01, and incorporated by this reference; the surviving By-Laws is attached hereto as Exhibit 3.2.
Item 5.05 Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics. As a result of the agreement noted in Item 1.01, and incorporated by this reference; the company engages new Corporate Charters attached hereto as Exhibit 3.3.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits. (a) Financial Statements of Business Acquired.
A Un-Audited financial information required by this Item 7(a) has been included with this filing and will be modified by amendment to this Form 8-K not later than 60 days after the date this initial report on Form 8-K is filed attached hereto as Exhibit 9.1
(b) Pro Forma Financial Information.
The pro forma financial information required by this Item 7(b) has not been included with this filing and will be filed by amendment to this Form 8-K not later than 60 days after the date this initial report on Form 8-K must be filed.
Section 9 Financial Statements and Exhibits
(b) Exhibits
The Following Exhibits are filed herewith:
Exhibit No. Description
2.1 Agreement and Plan of Merger, by and among FHAL and CVSU dated as of July 8, 2006 2.2 Form of Voting Agreement, by and among FHAL and CVSU dated as of July 8, 2006 2.3 Form of Affiliate Agreement 3.1 Articles of Incorporation 3.2 By-Laws 3.3 Corporate Charters 9.1 CVSU Un-audited March 31, 2006 Financials 99.1 Press Release dated June 11, 2005 by FHAL and CVSU announcing the Agreement and Plan of Merger.
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Imperial Petroleum, Inc. ("Imperial" or the "Company")(OTCBB:IPTM) announced today that its wholly-owned subsidiary, Hoosier Biodiesel Company has received its first purchase order for B100 biodiesel sales in connection with its planned marketing arrangement with Domestic Energy Partners. The purchase order is for 20,000 gallons of B100 biodiesel per month with the first sales beginning September 1, 2006 and FOB the existing DEP production plant. The sales contract is subject to adequate testing by the purchaser to insure that the B100 biodiesel meets ASTM specifications.
Jeffrey T. Wilson, President of Imperial stated, "We are very pleased to have this first purchase order under our belt and the staff of Hoosier Biodiesel is working very hard to continue the marketing process. Because the DEP process can produce B100 biodiesel at lower than average costs and produces an overall higher quality product, we are able to offer the distributors and end users a discount to current OPIS prices in order to attract customers and gain market share. Under our planned marketing arrangement with DEP, we have the right to market up to 25 million gallons of biodiesel annually and will equally share in the net proceeds from this effort."
Imperial, through its subsidiaries and affiliates, is active in crude oil and natural gas production and biofuels marketing. Imperial is headquartered in Evansville, Indiana.
This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.
Source: Imperial Petroleum, Inc.
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Imperial Petroleum Inc. Jeffrey T. Wilson 812-867-1433 jtwilsonx1*aol.com OR IR Affiliates Jeff Bishop 469-252-3035
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RMDG (.0018) Liaison Kevin Hill Returns from Highly Successful European Promotional Tour Jul 12, 2006 9:43:00 AM Copyright Business Wire 2006
PHILADELPHIA--(BUSINESS WIRE)--July 12, 2006--
RMD Entertainment Group (Pink Sheets:RMDG) proudly announced today that their newest executive, former Bad Boy Worldwide Entertainment Group 'Promotions' expert Kevin Hill, just returned home after an incredibly successful trip to Europe on behalf of RMD. Acting as international liaison for RMD (primarily responsible for overseeing all communication with RMD's key European Distributor, The Pickwick Group Ltd.), Mr. Hill returned early yesterday with a report consisting of nothing but great news for supporters of the RMD vision.
Mr. Hill was welcomed by some of the UK's most influential hip-hop moguls like George Stevens (Label CEO), owner of Hip-Hop Magazine Adam Cowan (Hip-Hop Magazine is the UK equivalent of The Source) and Allan Caitlin - the executive in charge of retail for all UK based Virgin Megastores. Each of these individuals embraced Mr. Hill, Roc Monee and the vision of RMD Entertainment. Each of the executives Mr. Hill spent time with were more than willing to do their part to insure a successful promotional campaign for Roc Monee and the launch of his album which is already being talked about on the UK streets.
RMD Executive Kevin Hill added, "I was truly staggered by the reception I had waiting for me. RMD and Roc Monee are already alive and well on the streets of London, the buzz surrounding Roc's project was intense to say the least. Spending time with some of the top executives on the UK hip-hop scene was a powerful experience; however, listening to each of them offer their support and praise for RMD and all future projects was mind-blowing! It was instantly clear that RMD's global vision and strong relationship with Pickwick has put them on a crash course with success abroad. I am honored to be a part of this family."
Giorgio Costonis praised Hill by saying, "I knew that Kevin Hill was a key addition to our executive team and it is no surprise that he has already made an impact our European position. With Kevin's unique ability to generate excitement abroad, we expect huge things from the Roc Monee project in terms of sales and elevated awareness for RMD. This is just the first of many successful projects that will be driven by Kevin Hill." Costonis added, "We are now able to leverage Kevin's key European relationships against cross promotional opportunities for RMD that span the globe. The success of this initial trip is indicative of the global revenue potential for RMD and the projects we work so hard to make successful. This was a huge step for RMD. I am sure our initial visit overseas has made a statement that we are here to stay and remain confident that we can and will become major players in the European Hip Hop Marketplace."
About RMD Entertainment Group
RMD Entertainment (RMD) is a cutting-edge entertainment company that is primarily focused on the development and international marketing of 'hip-hop' music, including compact discs, digital downloads, and personal 'ring tones' for mobile phone customers, as well as other 'hip-hop' lifestyle products. The Company has also created MOTV, the ability to stream video content to mobile devices, including cell phones and PDAs. RMD has significant successes internationally and its staff producers have collaborated with some of the most influential names in the music industry today including Sting, David Byrne of the Talking Heads, George Kranz, Freedom Williams of C & C Music Factory, Stevie Winwood, Robin Scott, and jazz saxophone legend Bill Evans, among others. The Company currently possesses an impressive hip-hop catalogue, which it distributes exclusively through Bungalo Records and Universal Music Group (a subsidiary of Vivendi Universal (NYSE:V)) in North America and in Europe through the Pickwick Group Ltd. of London.
Forward-Looking Statements
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 RMD Entertainment Group, 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. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: RMD Entertainment Group
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For RMD Entertainment Group Philadelphia Jed Wallace 310-234-3200 jwallace*mphpr.com
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MFYS (.054) Announces Worldwide Partnership Status with Oracle
TORONTO, July 12 /PRNewswire-FirstCall/ - Remote Technology Company Medify Solutions is delighted to announce its worldwide partnership status with Oracle, the world's largest enterprise software company. The status will associate all Medify Group subsidiaries into the partnership, encompassing the planned group expansion and building on the collaboration. Jonathan Bryant, Group Executive Chairman of Medify Solutions, said: "I am absolutely delighted in releasing this news which is based on the developments and progress that the company has made. This is a fantastic start to the planned expansion of the company into the global market with news on Europe and the UK to follow." 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 Medify Solutions Limited, 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 Medify Solutions Ltd.
FSBO Media Holdings, Inc. (PINKSHEETS: FSMH) announced today that it has entered into a marketing and Video-Spectus(TM) production contact with Wineco Productions, Inc. FSBO Media will also design and develop Wineco's corporate web site. Wineco Productions Inc. engages in mining, tailings and recovery of precious metals.
Bob Pianka, President of FSBO Media Holdings subsidiary FSBO TV, Inc., said, "The Video-Spectus(TM) webfomercial is rapidly becoming a leader in corporate identity and investor relations promotion. We believe that the Video-Spectus(TM) is the best marketing tool in internet advertisement today. The VideoSpectus(TM) gets the company's message in front of thousands of investors by putting their video message on high traffic investor related web sites." He also commented, "Our company has received tremendous response from corporate America and our Video-Spectus(TM) sales are exceeding our revenue forecasts." www.videospectus.com
About Wineco Productions Inc.,
Wineco recently announced that it has completed negotiations and has acquired the mine tailing from World Wide Consulting. The tailings consist of approximately 1 million tons and are very prolific in platinates. World Wide Consulting is the first of 5 companies that Wineco is in negotiations with. All companies have shown excellent results in their tailings. Wineco has proven its test in chemical extraction of platinum in addition to its previously proven micron gold extraction process.
FSBO Media Holdings excels in web development and media strategy, online-offline promotions, partnership marketing and branding/identity. FSMH utilizes conventional forms of media advertisement such as internet, TV, print and radio. Other service providers will be able to advertise services and products through the FSBO Media Holdings network of affiliates. FSBO Media Holdings, Inc. will also seek to acquire other businesses related to the real estate industry as well as other providers of media content. FSBO Media Holdings has established individual divisions to include FSBO Home Shoppers Network an online merchandiser of thousands of household items, FSBO Financial Network by which the Video-Spectus(TM) www.videospectus.com is promoted and sold. FSBO Mortgage, FSBO Title and FSBO flat fee home listing and marketing services. www.fsbomediaholdings.com
FSBO Web TV's primary video programming is directed towards the For Sale By Owner real estate marketing and listing business. FSBO Web TV is modeling its services after the discount stock brokerage businesses that revolutionized their industry such as Scottrade, E-Trade and other popular consumer accepted brokerage services that have provided "Self Help Directed" methods of buying, selling and making investment decisions on their own without paying high commissions. www.fsbowebtv.com
This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size, international sales, including statements regarding the intent, belief or current expectations of FSBO Media Holdings, Inc. and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could change actual results. Investors should refer to factors that could cause actual results to vary from current expectations and the forward looking statements contained in this media release.
Contact: FSBO Media Holdings Inc. Marlene Shim Public Relations marlene*fsbomediaholdings.com 1-866-453-FSBO (3726)
SOURCE: FSBO Media Holdings, Inc.
mailto:marlene*fsbomediaholdings.com
Copyright 2006 Market Wire, All rights reserved.
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EMXC .037 - Spider Technologies Launches New Division in Solar and Eco-Safe Energy Technologies Wednesday July 12, 9:34 am ET
SPRINGFIELD, TN--(MARKET WIRE)--Jul 12, 2006 -- Spider Technologies, Inc., a company partly owned by eMax Holdings Corporation (Other OTC:EMXC.PK - News), announces a new division specializing in solar and eco-safe energies, Spider Tech Solar. The solar and natural energy market is rapidly increasing, and equally the need to provide cleaner and non-polluting energy sources is becoming a global concern.
Spider Technologies, Inc. is focused on providing solar and natural energy based products and services that can seamlessly enter the marketplace replacing less energy efficient systems. Spider Tech Solar will focus in the development of these types of products and work with existing manufacturers and distributors.
Globally, China's solar panel industry has consistently registered 25% annual growth in exports for the past 10 years, and this rate is expected to continue in 2007. According to China Resourcing Reports, China is the largest exporter of PV solar panels and cells in the world. However, figures for the combined exports of a variety of electric components including PV cells show shipments totaling US$496 million in the 10 months to October 2004. This is a 50% increase over total exports in 2003, which totaled US$329 million.
Spider Solar Division will focus developments in the following areas:
-- Solar Products for Consumers and Industrial Usage, -- Selling Solar Power Energy to the Local Grid (power company), -- Developing Alternate Energy Resources That Require Little Or No Fossil Fuels, -- Acquisition and Partnerships with existing Solar and Natural Energy, -- Government Funded Grant Based Programs, You can currently find solar based products in The Spider Store at http://www.spidertechnologies.net/store/index.php?categoryID=90.
Many more products and services are being added daily.
About Spider Technologies, Inc.
Spider Technologies, Inc., http://www.spidertechnologies.net, is a cutting-edge, high-tech software development company focusing on internet, new digital media and IT, robotics, Artificial Intelligence industries. Spider Technologies plans to unveil numerous new internet technologies which will revolutionize the way consumers interact through the internet.
About eMax Holdings Corp.
eMax Holdings Corp., http://www.emaxcorp.com, is a diversified holding company investing in multimedia, entertainment, communication, broadcasting, IT, software development, real estate and finance industries.
This release may contain forward-looking statements that involve risks and uncertainties, including, without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum or prospectus. Specifications are subject to change without notice.
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OPLO .026- OrderPro Logistics Announces Expansion Plan for Open Network Systems Subsidiary Wednesday July 12, 9:00 am ET
TUCSON, AZ--(MARKET WIRE)--Jul 12, 2006 -- OrderPro Logistics, Inc. (Other OTC:OPLO.PK - News) announced today that it has initiated the expansion plan for its newly acquired Open Network Systems subsidiary. Among its technology services, Open Network Systems provides proprietary high-speed internet services to select rural areas surrounding Tucson, AZ. The six-month plan includes advertising as well as acquisitions, and will also require recruitment of new employees and installation of new equipment.
Jeffrey Smuda, CEO of OrderPro Logistics, states, "Expansion is critical to delivering on our strategy and improving the performance of our business. OrderPro's current thrust into higher technology segments will enable the Company to improve profitability, and provide a higher level of service for an increased customer base."
About OrderPro Logistics, Inc.
OrderPro Logistics, Inc. is dedicated to capturing the potential of the transportation and logistics industry by employing new and innovative processes and technologies. OrderPro Logistics, Inc. can integrate every aspect of customer logistical needs from order entry through successful delivery. Customer priorities, shipment integrity, best quality, and optimization of every load is the objective of supply chain management with OrderPro Logistics, Inc. lowering costs while adding value in process and expanding service options.
Forward-Looking Statements: This release contains 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. All forward-looking statements are inherently uncertain as they are based on current expectations and are subject to numerous known and unknown risks and uncertainties, which could cause the company's actual results to differ materially from those as indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements and should review the company's SEC filings.
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The Fronthaul Group Inc. Announces Merger Agreement With Conversion Solutions, Inc.
KENNESAW, GA -- (MARKET WIRE) -- 07/12/06 -- The Fronthaul Group, Inc. (OTCBB: FHAL) would like to announce the signing of a Merger Agreement and Plan of Merger with Conversion Solutions, Inc., a Delaware Corporation.
The surviving entity will be Conversion Solutions, Inc.; FHAL day to day operation will cease immediately, and the company will operate as CVSU to include the Director and Officers as follows;
Surviving Board of Directors
Rufus Paul Harris Chairman Ben Stanley Director Jerry Bivens Director John Walsh Director
Surviving Officers
Rufus Paul Harris Chief Executive Officer Ben Stanley Chief Operating Officer Darryl Horton Chief Financial Officer Jerry Bivens Corporate Secretary Romeo Venditti Executive Vice President of Global Investments Sabra Dabbs Executive Vice President Investments John Walsh Executive Vice President Administrations
The Merger facilitates $803,149,146 in booked assets and shareholder equity. Initial estimates places the company combined financial structure and per share book value at $7.21.
Under the agreement CVSU will consume all obligations of FHAL as filed in the last FHAL 10Q.
"This Merger will greatly benefit the shareholders of FHAL and CVSU, and takes the corporation one step closer toward our long-term goals," stated CEO Rufus Paul Harris.
"This is a fantastic day for the shareholders of the Fronthaul Group, Inc. The management mindset has always been to increase shareholder value, I believe this next phase in the evolution of this company will maximize shareholder value in the most effective and efficient manner possible," says Mike Alexander.
Attention CVSU Shareholders, Note Holders and Option Holders; Please see Shareholder update on our website http://www.cvsu.us each individual will be required to complete the Form of Affiliate to achieve share exchange under the Merger Agreement.
About Conversion Solutions, Inc.
CVSU is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CVSU's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market. Our funding will enable our businesses to compete more effectively, improve operations and increase value. CVSU is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at http://www.cvsu.us.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause the actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
The Fronthaul Group, Inc. Email Contact
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SMMW .0001-Summus Works: Company Announces Network Wide Programming and Content Provider for Media Division
Aspen, CO., Jul 12, 2006 (M2 PRESSWIRE via COMTEX) -- Summus Works, Inc. (Pink Sheets: SMMW) announced that its network of cable television broadcast subsidiaries will receive hours of national interest programming from New Visions Syndication, Inc., the Colorado based television company that also syndicates Summus Works' subsidiary BCTV's half hour adventure documentary series Backcountry TV. In reciprocal agreement with the Company, NVS will provide half hour outdoor oriented programs for Summus Works' media division subsidiaries to broadcast network wide in conjunction with its national RSN provided and locally produced content. The Jeep sponsored programs will include the World Ski & Snowboard Super Pipe Championships and Teton Gravity Research's "Tangerine Dream" among other exciting and pertinent titles carried by NVS. "We are thrilled with the further symbiosis between our companies and the caliber of content and service that New Visions Syndication continues to provide after decades of first rate operations," said Summus Works Business & Technology Director Nate Pickens.
The Company recently announced that through its partnership with New Visions, two BCTV episodes reached a combined 330,000,000 total potential viewing households nationwide. NVS will syndicate BCTV's "Balancing the Bitterroots" and "Mt. Elbrus: Chasing the Panther" in this year's Jeep Mountain Top series. For more information, visit www.newvisionssyndication.com.
Summus Works, Inc. (Pink Sheets: SMMW) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE: Summus Works, Inc.
CONTACT: Investor Relations Contact: Stuart T. Smith, SmallCapVoice.com Tel: +1 512 267 2430 e-mail: Info*Smallcapvoice.com Company Contact: Dan Burgess, Summus Works, Inc. Tel: +1 888 607 9495 e-mail: summus*summusworks.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
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NSDM .005- North Star Diamonds Inc. announces confirmation of positive test results Wednesday July 12, 9:00 am ET
BELLINGHAM, WA, July 12 /PRNewswire-FirstCall/ - North Star Diamonds, Inc. (Pink Sheets: NSDM - News) North Star Diamonds Inc. wishes to announce positive results have been confirmed on the geological samples submitted to Tech Cominco (www.gdlabs.ca). The sand concentrate from Creek 7 contains kimberlite indicator minerals. Based on present results, further samples are being taken to locate the source of the indicator minerals. In addition, results of the Kelsey Lake kimberlite have been completed as a comparison for other kimberlites and lamproites in the area. The Kelsey Lake kimberlite produced gem grade diamonds from 1996 to 2000. Walter Stunder believes that under today's higher rough diamond prices and better acceptance of lower grade diamonds, pipes similar to the Kelsey Lake kimberlite would be economical. Further sampling is in process on the USA prospects.
About North Star Diamonds, Inc.
North Star Diamonds, Inc. is a diamond exploration and sales company. The Company holds 121,808 strategically acquired diamond claims mostly in the Manitoba area of Canada. The Company sells diamonds in Canada and the United States. North Star Diamonds, Inc. has offices in Bellingham, WA and Vancouver, BC. www.northstardiamonds.net
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 North Star Diamonds, Inc., and members of their 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.
CONTACT: Toll Free: 1-877-454-7872, or Email: contact*northstardiamonds.net, Walter Stunder, President
-------------------------------------------------------------------------------- Source: North Star Diamonds, Inc.
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Biogenerics Limited Update on Business, Grimes and Recent Developments
Update: 10:00 AM ET Jul 12, 2006
TYLER, Texas, Jul 12, 2006 (PRIMEZONE via COMTEX) -- Biogenerics Limited (Pink Sheets:BIGN) announced that James Lancaster (CEO) and the directors continue their efforts to complete the closing of the Letter of Intent as mentioned in a previous press release. The negotiations are positive and we expect the deal to be completed soon. The Company has completed the payout for the Tyche Energy Inc. special dividend. Shareholders who held Biogenerics shares on the May 19, 2006 record date have received their Tyche Energy shares. Biogenerics Limited still maintains a significant interest in Tyche Energy Inc. The Company's Board of Directors also announced that an application has been submitted for listing on a European Stock Exchange. Upon approval of the application the Board of Directors will execute a company name change. Biogenerics thanks all shareholders who submitted name suggestions. "The submissions we have received are excellent and will be given serious consideration by our board," stated James Lancaster, Biogenerics CEO. The wells on the California Grimes site Andreotti and Ophelia continue to produce and are expected to flow at the rates previously reported. We confirm that Hydroslotter Inc. is on the location and preliminary preparations for slotting have been completed for wells 3 and 4. The wells are located in close proximity to wells 1 and 2 and it is expected that they will have the potential to produce similar flow rates as Ophelia. Information on further developments will be released as soon as they become available. Website: http://www.bignltd.com About Biogenerics Limited Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy and Hydroslotter Corporation. 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. This news release was distributed by PrimeZone, www.primezone.com SOURCE: Biogenerics Limited Biogenerics Limited Investor Relations Dale Boyd (905) 714-9422
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Americana Distribution, Inc. and Harney & Sons Announce Introduction of Historic Royal Palaces of England Branded Teas Wednesday July 12, 8:30 am ET
License Program Managed by Americana Licensing, Inc. a Wholly Owned Subsidiary of Americana Distribution, Inc.
MANALAPAN, NJ--(MARKET WIRE)--Jul 12, 2006 -- Americana Distribution, Inc. (OTC BB:ADBN.OB - News) and its subsidiary, Americana Licensing, Inc. (R & R Licensing Holdings, Inc.), today announced the introduction of Historic Royal Palaces of England branded teas under license by Harney & Sons Fine Tea. ADVERTISEMENT
The line of teas, which will be launched this Fall, was announced today at the The National Association for the Specialty Food Trade's Fancy Food Show, held at the Javits Center in New York City.
"Harney & Sons Fine Tea is known worldwide for its commitment to providing consumers with the finest possible cup of tea," said Richard Blank, CEO of Americana Licensing, Inc. "The goal of Harney & Sons is to be the best source of quality tea to hotels and gourmet stores around the world." Americana Licensing is a license and royalty management company. The company's main focus is the implementation and expansion of comprehensive licensing programs designed to maximize royalty income for its clients. The company manages all aspects of royalty collection and distribution for its clients and sells licenses on their behalf.
"The Historic Royal Palaces of England brand represents the grace and style of British royalty," said Robert Greener, president of Americana Licensing. "It embodies the history, culture and grand lifestyle represented by the monarchs of the past, from Queen Anne to today."
Greener said there are numerous opportunities Americana Licensing is exploring for the Historic Royal Palaces brand including housewares, linens, furniture and drapery.
About Americana Distribution, Inc.
Americana Distribution, Inc. has been involved in the multimedia publishing industry primarily in the areas of publishing and selling audio and print books in a variety of genres. Product sales have been conducted through a distribution network of retail stores, libraries and truck stops. Through its recent acquisition of Americana Licensing, Inc., manages licensing programs for corporations, brand owners, celebrities, athletes, inventors, artists, and designers. Based in the heart of New York City, the company possesses extensive resources to help in the successful building of major brands, trademarks, products, characters, inventions and more. The company has established itself as a leader in licensing world heritage brands based on museum and palace properties, including the Historic Royal Palaces of England and the St. Petersburg Russian Museum Collection. Additionally, the company manages licensing programs for children's, corporate, celebrity, and other brands. Americana Licensing, Inc. was founded by pioneers of the licensing and other industries with a history reaching back over 30 years.
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.
Contact: Contact: William A. Sherman (212) 750-5001
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AMHD (.011) Receives Lease Agreement from Brady Sullivan Jul 12, 2006 10:00:00 AM 2006 PrimeZone Media Network
CHEYENNE, Wyo., July 12, 2006 (PRIMEZONE) -- Amelot Holdings Inc. (Pink Sheets:AMHD) is pleased to announce that its wholly-owned subsidiary, Amelot Alternative Energy, Inc., has received the lease agreement from Brady Sullivan for the Nashua, New Hampshire location.
The facility, located at 160 Burke Street, Nashua New Hampshire, has a total capacity of 80,000 sq ft. The lease is for 2,969 sq. ft of office space and 26,713 sq. ft of manufacturing space for a period of 3 years with growth options.
"We are extremely pleased that we have received the lease agreement from Brady Sullivan. We signed the LOI back on June 21st after agreeing to terms and conditions that fit Amelot's strategy and budget. Having railroad access to the building will save the company thousands of dollars in shipping costs. Our feed suppliers already use these railroads; we are just another stop along the way," said Aziz Hirji, President of Amelot Holdings., Inc.
About Amelot Holdings, Inc.
Amelot Holdings, Inc. is a diversified holding company focused on Alternative Energy and Bio-fuels.
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief, or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations, and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
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