Conversion Solutions Issues Statement on TD Ameritrade Wednesday September 13, 7:38 pm ET
KENNESAW, Ga., Sept. 13 /PRNewswire-FirstCall/ -- The following statement is being issued by Rufus Paul Harris, Chief Executive Officer of Conversion Solutions Holdings Corp (OTC Bulletin Board: CSHD - News), a Delaware Corporation. ADVERTISEMENT
Depending on who you speak to, the events of the last thirty days could be the beginning of the end for a trading dynasty. The "Short" selling of Conversion Solutions Holdings Inc. (OTC Bulletin Board: CSHD - News) company stock by a once loved and respected trading house may have sealed that company's fate as it is now perceived to specialize in "Shorting" OTC Bulletin Board stocks.
Short selling of OTCBB stock is legal, and is used by some companies to create liquidity where there is none. Why would a stock be stagnating, you may ask? In some instances anticipation of an upcoming 10K or a price reset might cause a company's share holders to sit tight and hold for a time. Companies that participate in the practice of "Short" selling either: buy their positions out of the market or go bankrupt.
Conversion Solutions Holdings Inc. has filed 8K documentation, announcing nearly 2.6 billion dollars in assets and yet TD Ameritrade (and their subsidiaries) continue to sell shares they don't own, or have the ability to borrow. TD Ameritrade responds not by buying the stock out of the market, to cover their "Shorts," but by refusing their customers their legitimate right to buy more OTC Bulletin Board: CSHD stock. Some Conversion Solutions Holdings Inc. supporters have shared their thoughts and feelings on the forum http://www.**************.com, many of whom vow to press litigation against TD Ameritrade for not allowing them to purchase more CSHD stock. This stock has been on regulation SHO for 25 consecutive days and it has been confirmed that it has been "Shorted" by an objective "Third Party." To peruse this information please visit http://www.**********, they assert, "the 'Shorting' is over...16,000,000 shares with others estimating the 'Shorting' to be as high as 60,000,000."
Currently, the Company has 62,000,000 shares outstanding, and simple calculations would assess a current book value for this company, as of today, at approximately $41.93 per share. Then the sum, when multiplied by a minimum of 16,000,000 shares shorted, comes to minimum of $670,880,000. A market analyst concludes this stock may be conservatively valuated at 2x its book value ($1,341,760,000) or put another way, about 4 times greater than TD Ameritrade's last year's net profit.
Some of TD Ameritrade's clients are already requesting their stock certificates in fear that TD Ameritrade may go under. They are moving their shares to other trading houses that they believe to be less likely to short this stock.
As Conversion Solutions Holdings Inc. nears its 10K due date (September 30, 2006) its share holders should look positively on the actions of their Chairman and his Board and their corporate wide confidence should be reflected and rewarded by ever increasing share values. Having said that and looking back on the events of the last thirty days I can say with certainty that it should be an interesting, but profitable ride for any person who wants to get on board to make the trip by supporting their company for the long haul.
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.
-------------------- Hi-ho Momo, awayyyy... Posts: 871 | From: So. Cal | Registered: May 2006
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Triton American Energy Completes Acquisition of Additional Shares of Triton Well Service; Triton American Well Services Now 55% Owned by TRAE HOUSTON--(BUSINESS WIRE)--Sept. 13, 2006--Triton American Energy Corp. (OTC PK: TRAE), producer of natural gas and crude oil, is pleased to report the purchase of two separate 5% shareholders of Triton American Well Services, LLC ("TAWS") for stock and other consideration. William B. Weekley and Glenn Andrews conveyed their shares to TRAE, giving the Company a 55% ownership in TAWS, owner of the radial jet drilling unit, work-over rig and other ancillary field related equipment currently deployed on the Blackwell lease, site of the on-going 12 well pilot project for enhanced oil recovery.
Louis Guidry, Chairman and CEO of TRAE, further announced that Mr. Weekley will continue as President and COO and Mr. Andrews will continue as Vice President of Marketing.
Correction to September 12, 2006 news release:
Negotiations to complete the acquisition of 100% of Triton American Well Services, LLC and InStar Field Services were not successful as earlier reports indicated. Triton American Energy Corp has operated the aforementioned as wholly owned subsidiaries since July 1, 2006. The company was notified on September 12, 2006 at 1:53 PM the transactions were terminated.
For more information, please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit our website at: www.tritonamericanenergycorp.com
About Triton American Energy Corporation:
Triton American Energy is an independent crude oil and natural gas and oil exploration and production company based in Houston, Texas. The company's business plan is structured to take advantage of today's rising energy cost, while reducing as much financial risk as possible. Triton's niche and/or specialties relate to small to moderate operations (usually 1-50 well projects). These wells can be worth hundreds of millions of dollars in revenue but require more hands-on attention then the major producers are willing to give.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange
Contacts Taylor Capitol, Inc. Stephen Taylor, 973-351-3868 STEPHTAYL9*AOL.COM www.IPOmovers.com
-------------------- Hi-ho Momo, awayyyy... Posts: 871 | From: So. Cal | Registered: May 2006
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Megola Announces Shareholder Meeting CORUNNA, ON -- (MARKET WIRE) -- September 13, 2006 -- Megola Inc. (OTCBB: MGOA) announced that it will be holding its annual shareholder meeting at its corporate offices at 446 Lyndock St., Corunna, Ontario, Canada, on September 25, 2006 at 9:30 am EDT.
Shareholders of record as of September 1, 2006, will be receiving a proxy by mail before the date of the meeting. Those who are unable to attend can send in their votes via the instructions within the proxy mailing.
At the Annual Meeting, holders of common stock of the Company will be asked:
1. To elect all members of the Board of Directors.
2. To approve the Company's independent auditors for the coming year.
3. To approve an increase in the authorized shares of common stock.
Highlighted Links MacReport.Net Megola Inc.
"The purpose of this proxy is to facilitate us reaching our current business objectives and to allow us to establish new goals that will help to solidify the company. Our emphasis will be on expanding our management team, intensifying our efforts in penetrating the increasingly competitive water and air treatment markets, positioning Megola to forge ahead with the acquisition of assets and securing venture capital essential to bring recently acquired technologies to the global market. With the products and technology that Megola currently has, it is of the utmost importance that we be able to launch the necessary sales and marketing campaigns to continue to grow the company and increase revenue," states Joel Gardner, CEO, Megola Inc.
For more information about Megola Inc., please visit the corporate website (http://www.megola.com).
The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports, and other periodic filings. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.
Tailor AquaPonics Worldwide, Inc. Launches New Website LAS VEGAS, NV -- (MARKET WIRE) -- September 13, 2006 -- Tailor AquaPonics Worldwide, Inc. (PINKSHEETS: TQWW) today announced the launch of a new website and a new domain name, www.tailoraquaponicsinc.com. The company has designed the web portal in order to embrace the available information technology, and to utilize the website as a platform from which to reach its current and potential shareholders. In addition, the company intends to utilize the website as a means to inform the public about the benefits of its unique process, and about the overall advantages of aquaponics, a unique combination of hydroponics and aquaculture.
Tailor AquaPonics Worldwide, Inc. holds the exclusive worldwide marketing rights to the unique and proprietary fish farming process of Australia-based Tailor Fish Farms. This singular process combines fish farming with other agricultural processes, utilizing the waste water from the fish farms in order to both irrigate and fertilize a range of agricultural products. Hydroponics is the cultivation of plants in nutrient solution rather than in soil, and aquaculture is the science, art, and business of cultivating marine or freshwater food fish or shellfish. Tailor Fish Farms has successfully merged the hydroponics with aquaculture, resulting in a far more resource efficient and effective combination than either of the two processes alone. Through this combination, waste water is minimized, and the negative environmental impact of waste water disposal is curtailed through the secondary use of the waste water for agricultural irrigation.
About Tailor AquaPonics Worldwide:
Tailor AquaPonics Worldwide, Inc. (PINKSHEETS: TQWW) owns a controlling interest in the international growth and development rights to Tailor Made Fish Farms, a company that has developed a technology-driven, easy-to-operate, land-based modular fish production system. This cutting-edge system is both sustainable and environmentally responsible in keeping with the spirit of maintaining an environmentally safe and friendly solution while producing high volumes of superior and healthier farmed fish. This allows an overwhelming production of 'year-round' premium quality fish and vegetables, achieved through compact and controlled production areas using much less water than conventional methods. Our technique conserves water, is environmentally responsible, produces fresh health products and provides two crops from a single water uptake. For more information, visit the company website at: www.tailoraquaponicsinc.com.
Safe Harbor Statement:
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
"The Million Dollar Shootout" to Be Featured at SPORTEL 2006 ORLANDO, FL -- (MARKET WIRE) -- September 13, 2006 -- WGL Entertainment Holdings, Inc. (OTCBB: WGLE) announced today that its reality television series "The WGL Million Dollar Shootout" (MDSO) will be featured at SPORTEL 2006 -- October 16-19 in Monaco. SPORTEL brings together professionals involved with all aspects of international sports broadcasting and sports content, where they do business and broaden their network of contacts while learning more about today's challenges and opportunities in the growing field of Sports and Television due to the rapid expansion of New Media.
"The MDSO will gain significant exposure to over 360 companies from 53 countries," said Mike Pagnano, CEO WGL Entertainment Holdings, Inc. "Networks in North America, Europe and Asia have given the MDSO very high grades and will use the exposure at SPORTEL to test viewer response to the MDSO content. SPORTEL will be critical for the MDSO to close several potential North American and International Contracts."
Highlighted Links MacReport.Net World Golf League Inc.
WGL Entertainment Holdings, Inc., through its subsidiary WGL Entertainment, is the producer of the WGL Million Dollar Shootout Reality Television Series and several other made for T.V. sports entertainment events scheduled to be produced in 2006 and beyond.
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
The Immune Response Corporation to Present at EQUITIES Magazine Transatlantic Corporate Conference; Company to Present in New York, London and Milan, September 15-20 BIOWIRE2K CARLSBAD, Calif.--(BUSINESS WIRE)--Sept. 13, 2006 Company's New York Presentation to Be Webcast 12:00 Noon EDT on September 15 The Immune Response Corporation (OTCBB:IMNR), an immuno-pharmaceutical company developing products to treat autoimmune and infectious diseases, announced it will be presenting at the EQUITIES Magazine Corporate Transatlantic Conference. President and CEO Dr. Joseph O'Neill will make presentations to sophisticated audiences of brokers, fund managers, investment professionals and active retail investors about the progress the Company has made since announcing its new corporate and clinical strategy last February. Dr. O'Neill's presentation will include updates on advances in the clinical programs of IRC's two lead immune-based therapies: NeuroVax(TM) for multiple sclerosis (MS) and IR103 for HIV/AIDS.
The EQUITIES Transatlantic Conference is scheduled for September 15, at the American Stock Exchange, New York City; September 18, at the AIM London Stock Exchange, London; and September 20, at the Borsa Italiana Stock Exchange, Milan.
The Immune Response Corporation's presentation will be webcast live on September 15, 12:00 noon EDT, from the New York City event.
In order to listen to the presentation and view the slides, use the following URL: http://www.visualwebcaster.com/equitiesmag/amex2006/event.html. To ensure you can access the presentation, please check the above URL early for web browser compatibility.
The Immune Response Corporation (OTCBB:IMNR) is an immuno-pharmaceutical company focused on developing products to treat autoimmune and infectious diseases. The Company's lead immune-based therapeutic product candidates are NeuroVax(TM) for the treatment of MS and IR103 for the treatment of HIV infection. Both of these therapies are in Phase II clinical development and are designed to stimulate pathogen-specific immune responses aimed at slowing or halting the rate of disease progression.
NeuroVax(TM), which is based on the Company's patented T-cell receptor (TCR) peptide technology, has shown potential clinical value in the treatment of relapsing forms of MS. NeuroVax(TM) has been shown to stimulate strong, disease-specific cell-mediated immunity in nearly all patients treated and appears to work by enhancing levels of FOXP3+ Treg cells that are able to down regulate the activity of pathogenic T-cells that cause MS. Increasing scientific findings have associated diminished levels of FOXP3+ Treg cell responses with the pathogenesis and progression of MS and other autoimmune diseases such as rheumatoid arthritis (RA), psoriasis and Crohn's disease. In addition to MS, the Company has open Investigational New Drug Applications (IND) with the FDA for clinical evaluation of TCR peptide-based immune-based therapies for RA and psoriasis.
IR103 is based on the Company's patented, whole-inactivated virus technology, co-invented by Dr. Jonas Salk and indicated to be safe and immunogenic in extensive clinical studies of REMUNE(R), the Company's first generation HIV product candidate. IR103 is a more potent formulation that combines its whole-inactivated antigen with a synthetic Toll-like receptor (TLR-9) agonist to create enhanced HIV-specific immune responses. The Company is currently testing IR103 in two Phase II clinical studies as a first-line treatment for drug-naive HIV-infected individuals not yet eligible for antiretroviral therapy according to current medical guidelines.
NeuroVax(TM) and IR103 are in clinical development by The Immune Response Corporation and are not approved by any regulatory agencies in any country at this time. Please visit The Immune Response Corporation at www.imnr.com.
This news release contains forward-looking statements. Forward-looking statements are often signaled by forms of words such as should, could, will, might, plan, projection, forecast, expect, guidance, potential and developing. Actual results could vary materially from those expected due to a variety of risk factors, including whether the Company will continue as a going concern and successfully raise proceeds from financing activities sufficient to fund operations and additional clinical trials of NeuroVax(TM) or IR103, the uncertainty of successful completion of any such clinical trials, the fact that the Company has not succeeded in commercializing any drug, the risk that NeuroVax(TM) or IR103 might not prove to be effective as either a therapeutic or preventive vaccine, whether future trials will be conducted and whether the results of such trials will coincide with the results of NeuroVax(TM) or IR103 in preclinical trials and/or earlier clinical trials. A more extensive set of risks is set forth in The Immune Response Corporation's SEC filings including, but not limited to, its Annual Report on Form 10-K for the year ended December 31, 2005, and its subsequent Quarterly Reports filed on Form 10-Q. The Company undertakes no obligation to update the results of these forward-looking statements to reflect events or circumstances after today or to reflect the occurrence of unanticipated events.
REMUNE(R) is a registered trademark of The Immune Response Corporation. NeuroVax(TM) is a trademark of The Immune Response Corporation.
-------------------- Hi-ho Momo, awayyyy... Posts: 871 | From: So. Cal | Registered: May 2006
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Letter to the Shareholders of Drake Gold Resources, Inc. CENTURY CITY, CA -- (MARKET WIRE) -- September 13, 2006 -- Drake Gold Resources, Inc. (PINKSHEETS: DKGR) To the shareholders of Drake Gold Resources: As interim CEO and President, it is with great enthusiasm that I update the shareholders of Drake Gold Resources, Inc. First, let me express my continued optimism for the future of the company. This optimism includes current developments as well as additional opportunities that present themselves on a constant basis.
As part of my effort to keep the investment community informed, Drake is implementing a plan to incorporate a high level of transparency into its operations and finances. DKGR's status as a "pinksheet" stock can create a level of apprehension. This is why Drake's goal is to provide shareholders with the information they deserve.
Highlighted Links MacReport.Net Drake Gold Resources, Inc.
In keeping with this renewed effort, Drake will release the complete current share structure on Friday and will update its website with any future changes in share structure. Any updates will be posted immediately to keep you informed. In addition, on Friday Drake will release the details of its condition, operations and strategic plans as a junior mining company.
As a shareholder myself, I encourage other shareholders to express their points of view to the management team as we are building this company for mutual benefit. I am posting my personal cell phone number here so that you may contact me directly at anytime.
Clayton Smith Cell: 310-728-9445 Email: Info*DrakeGold.com
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Conversion Solutions Announces the Completion of the Merger With the Fronthaul Group Wednesday September 13, 11:14 pm ET
KENNESAW, Ga., Sept. 13 /PRNewswire-FirstCall/ -- "As of 4:00 p.m. EST time today (September 13, 2006), the much anticipated merger between Conversion Solutions Holdings Corp. and the Fronthaul Group has been completed. We at Conversion Solutions Holdings Corp. are diligently working to complete and process, in the short term, any and all additional filings and submissions required as we move forward as a new vibrant company. We thank every one of our loyal share holders for their patience over the last sixty days as we have battled to overcome many obstacles, many of which are now being brought out into the light of day. Please rest assured that our staff has put its collective best foot forward in the past and shall continue to do so in the future, no matter what hurdles we may encounter," announced Rufus Paul Harris, Chief Executive Officer of Conversion Solutions Holdings Corp. (OTC Bulletin Board: CSHD - News), a Delaware Corporation. ADVERTISEMENT
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.
-------------------------------------------------------------------------------- Source: Conversion Solutions Holdings Corp.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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Tomorrow will be one heck of a day. Feels kind of cool to be a part of such craziness... what's a little money lost or GAINED among friends!
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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SILVER SCREEN STUDIOS Quick Quote: SSSU 0.00 (Even) Silver Screens Studios: Initiates Third Phase of Restructuring; Global 1 Entertainment Tax Credit Production Fund I, LLP Launched 9/14/2006 ATLANTA, Sep 14, 2006 (BUSINESS WIRE) --
We have entered the third phase of our restructuring with the formation of our most recent fund for the production of feature films to take advantage of the Federal Tax Credits under sec. 181 and 199 of the Internal Revenue Code, as well as the Georgia Film Tax Credits, www.cfoyesq.com/ARTICLE%20DRAFT%201.0.htm.
The entertainment fund is structured as a companion to our real estate funds. An investor in one of our real estate funds will be able to shelter the profits by the deductions against passive income offered by an investment in the film fund. One hundred percent of the investment in the film fund is tax deductible against passive income by the investor. A Georgia investor will receive an additional credit of 12% against GA income taxes.
This fund is available to U.S., as well as international, investors. We are exploring the distribution of our funds via a broker/dealer network and Registered Investment Advisors. We expect to raise up to $25 million in this fund. The $25 million invested in the fund will generate, assuming a 40% tax bracket, $10 million in passive income tax savings at the federal level and $3,000,000 in savings at the state level.
Summary:
The restructuring of our company is nearing completion. The financial services business unit is being readied and we will launch the final phase of our new business model shortly. Upon completion, SSSU will be an integrated financial assets company with interests in real estate, entertainment and asset management growth sectors. We feel we are poised for rapid growth.
Disclaimer:
The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on SSS behalf. The statements contained in this release are forward looking and may or may not occur due to forces beyond the company's control.
SOURCE: Silver Screen Studios, Inc.
Silver Screen Studios, Inc. Donald Evans, 404-255-0400 sssu*mindspring.com Copyright Business Wire 2006
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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UNIVERSAL COMMUNICATIONS Quick Quote: UCSY 0.01 (Even) Universal Communication Systems, Inc. Subsidiary Solar Style, Inc. Places Its Range of Solar Chargers for Sale on AMAZON.COM 9/14/2006 National Sales Continue to Grow Fast
Universal Communication Systems, Inc. (OTCBB: UCSY) (BERLIN: UVC) (XETRA: UVC) (FRANKFURT: UVC) (MNCH: UVC) (WKN: 917633) subsidiary Solar Style, Inc. announced today that the company has now listed its growing range of Solar Chargers and Solar Powered Consumer Electronic Products for sale on AMAZON.COM.
NEW PRODUCTS LAUNCHED
Mrs. Lori Thomas, director of sales, stated: "Our national distribution network for all our Solar Chargers and Solar Powered Consumer Electronic Products continues to grow daily. Our sales people continue to pound the sidewalks and reach out to wholesalers, distributors and retailers all over North America. In addition, we are very pleased to see the reports coming in from many of the new retailers reporting the products selling and moving off the shelves, and indeed already re-ordering new product stock. In addition, we have just introduced several new exciting models, and expect to continue to grow our market position and become the dominant player in this new industry."
The Company anticipates that both the national and global sales for Solar Chargers and Solar Powered Consumer Electronic Products will continue to grow at a very fast rate.
About Universal Communication Systems, Inc.
For more information please visit the company's website at: www.ucsy.com
About AirWater Corporation
For more information please visit AirWater Corporation's website at: www.airwatercorp.com
About Solar Style Inc.
For more information please visit Solar Style Inc.'s website at: www.solarstyle.com
Safe Harbor Statement
Caution Concerning Forward-Looking Statements.
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors. More detailed information about these factors may be found in filings by Universal Communication Systems, Inc. with the Securities and Exchange Commission, including their most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB. Universal Communication Systems, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter their forward-looking statements, whether as a result of new information, future events, or otherwise.
Team Gallagher Places 2nd At Panama City Beach Racing Challenger DDC-28
By PR Newswire Last Update: 9/14/2006 7:01:22 AM Data provided by
WASHINGTON, Mo., Sep 14, 2006 /PRNewswire-FirstCall via COMTEX/ -- Xtreme Companies, Inc. (XTME) announced today that its official race team 'Team Gallagher', which races a Challenger DDC-28, placed 2nd at Panama City Beach, FL on August 20. This comes on the heels of Team Gallagher's 2nd place finish at the Hollywood Beach Super Boat Grand Prix in June.
Team Gallagher Owner Sean Gallagher stated, "We're on a roll and to consistently finish in the top three, demonstrates that our Challenger Offshore race boat is as competitive as any other boat out there. We're proud to have the support of Challenger and already other race teams are starting to take notice of our team, our boat and our accomplishments." He added, "As a team, we are proving that we have what it takes to be competitive at the highest level and succeed at campaigning our Challenger race boat on the offshore racing circuit."
Xtreme CEO Laurie Phillips commented, "It's no wonder why we are proud to have Team Gallagher as our official race team. I believe their continued success while representing and racing a Challenger speaks volumes as to their talents as well as the outstanding quality and performance of our boats. We look forward to our continued partnership with them and wish them well with the remainder of their races this year."
In 2005 while racing the Challenger DDC-28, Team Gallagher finished first in the P-5 Offshore Class of the Marathon, Florida Grand Prix and set a course speed record at the Chattanooga Offshore Grand Prix as well.
About Team Gallagher
Ft. Walton Beach, FL-based Team Gallagher is one of over 85 teams that run the offshore racing circuit with Super Boat International Productions (SBIP) and the American Power Boat Association (APBA) (www.superboat.com). SBIP/APBA organizes and promotes over 15 races each year along the East and Gulf Coasts of the United States, to include a few inland races on large lakes and rivers. These races attract anywhere from 20,000 to 100,000 spectators and are also enjoyed by those listening to live local radio broadcasts or watching delayed telecast schedules on the Fox Sports Net. For further information regarding Team Gallagher please visit http://www.tgor.net/whatsnew.html.
About Xtreme Companies, Inc.
Xtreme Companies, Inc., produces high end, semi-custom fiberglass sport cruiser and high performance boats under the 'Challenger Powerboats' brand. Xtreme holds the exclusive rights to the revolutionary DDC hull for boats up to 40 feet in length. The DDC hull is a patented revolutionary design by world-renowned marine designer Harry Schoell, which incorporates two hulls into one, resulting in a constant planning surface enhancing stability and generating greater transom lift. This enables the hull to run faster in rougher seas while providing a dry, safe and more comfortable ride.
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First Guardian Financial Corporation Addresses Shareholders Concerns and Current Events
September 14, 2006 09:01:12 (ET)
NEW YORK, Sep 14, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pinksheets: FGFC), today will address shareholder questions and concerns, the company will also address the current business operations.
The company as previously announced has fully executed the contract to acquire 50 acres of prime land located in Woodstock, Ontario Canada approximately 750 feet from the new Toyota Motors Plant, the contract price is $60,000 dollars (Canadian) per acre for a total of $3,000,000 (Canadian), the company has tendered its required deposits of $80,000 (Canadian) and anticipates that we will either sell our rights in the contract for a significant profit or take possession of the property either on or before December 7, 2006. The project is a joint venture with a Canadian firm (yet to be named) with FGFC as the majority partner (51%).
The company's Buysellmerger.com site is behind schedule due to some technical problems that are being worked out, a preview (work in process) can be viewed at http://www.buysellmerge.com/bsm/default.jsp we will release the site to the public (phase one) when we are satisfied with the appearance and function ability. The company believes that the portal can pay for its self or even generate a profit, although the real motive for the portal is to generate leads for the company's lending activities.
The company is actively lending money through its Windsor Capital Unit to select projects (those that meet the criteria of the company's lending parameters). The company derives income in several ways, fees the company charges from 2% to 5% of the loan amount and also realizes income from the amount that the company pays for the money (warehouse line of credit) and what it charges the borrower i.e. we pay 8% and charge the borrower 12% the company receives the 4% spread on a monthly basis for the life of the loan, the company only will lend short term 2 years or less so we can continue to turn the funds over for more fees, we will only lend to commercial projects at a maximum LTV of 65% (low risk) with proven cash flows to service the debt. The company has several million dollars lent (in its portfolio) at this time and we will be continuing to increase that amount aggressively.
The company's Trafalgar Leasing unit is in the process of getting underway with securing a 50 million dollar warehouse line of credit, infrastructure to service the leases (collect payments etc.) either in house or outsourced and putting together our marketing team, we anticipate this unit to be producing revenues within the next two months or so.
The company's unit for acquiring distressed loan portfolios is also in the start up stages with personal and infrastructure being put in place. It is going to be from an investment stand point only meaning that the company will acquire the distressed portfolios and outsource the collection activities etc. as this is the most cost effective for the company and will yield the greatest returns i.e. if we pay 20 cents on a dollar and another 20 cents on a dollar collected by the out sourcing company with an average recovery rate of 80 cents on a dollar that will result in a 40% return to the company.
The buyback of shares on the open market is on going and will be announced each time we complete a block buyback and retire them, the reason for this process is to keep legal fees at a minimum as each time we retire a block the required resolutions need to be filed with the State of Delaware.
Finally the company is working on its audited financial statements and expects to have them by the end of the calendar year, the reason for this is to present the company in its best financial light as it gives us time to increase lending activities (revenues) get buysellmerge.com running correctly and the land acquisition (we will make a profit on a flip or own the property which will certainly bolster the financial statements as we feel with the anticipated low float after the buy back will give the company better credibility when we file to trade on the OTCBB.
"We have taken this opportunity to give a kind of a state of the company overview as we want to keep the shareholders up to speed as to what the company is doing and how it's progressing, we are a new fledging company that has just started out in February and have been methodically building a foundation for a successful company. I would also like to address certain references to Mr. Hayter, he is not associated with our company as certain shareholders have eluded to we bought his shares out and the only involvement he did have was that he sold us the company (shell) and that is it. The company philosophy is to announce what we are going to do and then announce when it has been done, we do not believe in announcing business activities that do not have a better than reasonable chance of happening or won't , I hope that we have shed some light on our company and direction today," said Abraham Rosenman President & CEO
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Matritech Named One of New England's Fastest Growing Technology Companies in Deloitte's Technology Fast 50 Program Thursday September 14, 8:00 am ET Matritech's Growth Attributed to NMP22(R) BladderChek(R) Test Sales
NEWTON, Mass.--(BUSINESS WIRE)--Sept. 14, 2006--Matritech, Inc. (Amex: MZT - News) a leading developer and marketer of protein-based diagnostic products for the early detection of cancer has been named for the third year in a row to Deloitte's prestigious Technology Fast 50 Program for New England. The Program ranks the 50 fastest growing technology companies in the area based on the percentage revenue growth over five years from 2001-2005. Deloitte & Touche LLP is one of the nation's leading professional services organizations.
ADVERTISEMENT Matritech's Chairman and CEO Stephen D. Chubb credits the inclusion in the Fast 50 to the growth in sales of the NMP22® BladderChek® Test, the Company's lead product for the diagnosis and monitoring of bladder cancer. "We are proud to be named for the third year in a row, one of the fastest growing technology companies in New England," said Mr. Chubb. "The uniqueness of the NMP22® BladderChek® Test and its use in diagnosing and monitoring bladder cancer patients for recurrence have been the drivers behind its sales growth. It has been shown to detect up to 99% of cancers in combination with cystoscopy. Most recently, an article published in the September 1 issue of the American Cancer Society's journal Cancer, reports that the NMP22 BladderChek Test is cost effective for screening high risk populations based on its cost and accuracy in detecting bladder cancer. This is particularly notable because all other cancer screening programs save lives but increase expenses. Screening with the BladderChek® Test was reported to be less costly than not screening."
"Deloitte's New England Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Steve DiPietro a Partner with Deloitte & Touche LLP in Boston. "We applaud the successes of Matritech and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
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CTUM (.65) Announces Live Tissue Connect Subsidiary to Present at Prestigious International Surgical Conference; Presenting at European Society of Coloproctology, Lisbon, Portugal, September 14-16
Business Wire "US Press Releases "
CORPUS CHRISTI, Texas--(BUSINESS WIRE)--Sept. 14, 2006--
CSMG Technologies, Inc., (OTCBB: CTUM) focused on commercializing human live tissue bonding devices and renewable energy landfill gas production systems, announced its Live Tissue Connect subsidiary will present a white paper at the European Society of Coloproctology (ESCP), a prestigious international surgical conference currently underway in Lisbon, Portugal, September 14-16.
Dr. Sergiy Podpriatov, a clinical researcher and practicing surgeon, will present a white paper on Live Tissue Connect's welding/bonding technology being utilized to more effectively connect tissue of individuals undergoing surgical procedures on the hemorrhoids. The paper being presented by Dr. Podpriatoy is titled "SUBMUCOSAL ELECTRIC WELDING OF THE COMPLICATED HEMORRHOIDS."
For further information on ESCP their website is www.escp.eu.com.
Donald S. Robbins, president and CEO of CSMG, said, "The paper being presented before the ESCP is indicative of the tremendous strides Live Tissue Connect is making to address the critical need of surgeons, and their patients, to have a highly effective, fast device that allows human tissue to be connected efficiently, without the use of sutures, glues, sealant or staples. Our devices have been used in more than 70 types of open and laparoscopic surgical procedures. We believe the global surgical and medical communities see the versatility of the tissue welding technology. Presentations before such professional societies continue to raise our visibility and credibility within important groups of healthcare professionals. We are continuing to develop our technology, and procedures."
About CSMG Technologies' Tissue Welding/Bonding Technology
Surgeons at 10 Ukraine hospitals and clinics are using the tissue welding/bonding technology in clinical trials. They have completed more than 6,000 human surgeries using more than 70 types of open and laparoscopic surgical procedures, demonstrating the technology is universal in its ability to repair soft biological tissue. These surgeries included lung, neuro-surgery, nasal septum, intestine, stomach, skin, gall bladder, liver, spleen, blood vessels, nerves, alba linea, uterus, bladder, gynecological, fallopian tube, ovary and testicles and dura-matter. Cosmetic surgeries conducted with this technology include breast reduction, breast implants, mastopexy and abdominal plasty. The procedure involves little or no scarring, while restoring the normal function of the body organ or tissue.
The technology was invented and developed at the internationally renowned E.O. Paton Institute of Electric Welding, National Academy of Sciences of Ukraine, Kiev, Ukraine, headed by Professor B.E. Paton. U.S. and Australia patents have been issued, a patent in the European Union has been approved, and additional U.S. and foreign patents are pending.
About CSMG Technologies, Inc.
CSMG Technologies is a technology management company that finances, owns, develops, licenses and markets innovative advanced technologies and business opportunities created in the Ukraine through a network of scientific institutes and private organizations. CSMG has three subsidiaries, Live Tissue Connect, Inc., CSMG Gastech, LLC and Anaerobic Farm Waste, Inc. For further information on CSMG Technologies and its various subsidiaries, please visit our website at www.ctum.com.
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words ``may,'' ``would,'' ``will,'' ``expect,'' ``estimate,'' ``anticipate,'' ``believe,'' ``intend'' and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Source: CSMG Technologies, Inc.
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ADZR (.01) OPPS System Captures Additional Chatroom Information on Four of Nine Predators Featured on Latest Dateline NBC Program Sep 14, 2006 2:44:00 PM 2006 PrimeZone Media Network
CALVERTON, N.Y., Sept. 14, 2006 (PRIMEZONE) -- AdZone Research, Inc. (OTCBB:ADZR) today reported its OPPS Predator Profiling System has captured additional chatroom information on four of the nine predators intercepted on the latest Dateline NBC's child predator program that aired last night.
AdZone said that in the prior broadcast season, the OPPS capability was able to capture additional information on 16 of the predators featured on the Dateline NBC series on predators.
The Company intends to continue working with law enforcement organizations to provide the information OPPS offers, and continually expand the number of chat rooms monitored to be increasingly valuable to law enforcement. The Company believes OPPS continues to be the only source for law enforcement for historical online chats.
This press release is available on the Company's official online Investor Relations HUB at http://www.agoracom.com/IR/AdZone for investor questions, answers and monitored commentary. Alternatively, investors are able to e-mail all questions and correspondence to ADZR*agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
CONTACT: AdZone Research, Inc. Charles A. Cardona III (631) 369-1100
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