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DCBI (.07) Confirms Rumor of National Talks Aug 1, 2006 4:05:00 PM
DENVER, CO -- (MARKET WIRE) -- 08/01/06 -- At the close of business Tuesday, DC Brands International, Inc. (PINKSHEETS: DCBI) confirmed a rumor that they have been and are continuing talks with a major national brand that would drastically expand the company's distribution network. The company's VP of Sales Richard Muscarella said, "It is no secret that there is a lot of reshuffling of the deck in our industry going on with respect to major energy drink brands and distributors aligning themselves to increase market share with even more prominent and established companies. In recent months, RockStar Energy Drink struck a distribution deal with Coke, Monster reached an agreement with Anheuser-Busch and there is much more happening on an ongoing basis. We are not at liberty to name names at this point, as it would jeopardize negotiations. However, we have received calls from several parties inquiring as to the validity of the recent chatter asking if we are indeed in the negotiation stages with one of these national brands. I can confirm that we have been in continued talks with at least one such major company that if successful could/would provide coast-to-coast distribution in all 50 states. There is a lot of leg work still to be done and our president, Mr. Pearce, is working diligently on closing the financing necessary to facilitate the type of hard-hitting national launch we would be required to participate in during the first quarter of 2007 along with the production requirements we would need to meet should we be successful. I will say we feel extremely good about the most recent conversations and the feedback we have received. There is not much more I can say at this time other than we are all working towards making this come to fruition as it would transform the company virtually overnight."
For more information on the company, visit their website at DickensEnergyCider.com or contact them at (303) 279-3800.
Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by DC Brands International with the Securities and Exchange Commission, including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of DC Brands International as of the date of this release. DC Brands International and its managers and agents undertake no obligation to publicly update any forward-looking statements.
For more information on the company: DC Brands International, Inc. (303) 279-3800
-------------------- The difference between genius and stupidity is that genius has its limits
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Material Technologies' Metal Fatigue Detection Technology to be Featured at International Infrastructure Fatigue Conference 8/1/2006
LOS ANGELES, Aug 01, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Material Technologies, Inc. (OTC Bulletin Board: MTNA) will feature its patented metal fatigue detection solutions at the International Conference on Fatigue and Fracture in the Infrastructure next week. This conference is designed to bring together the world's experts in the mechanics, detection, and remediation of metal fatigue damage to bridges and other transportation structures. MATECH will present technical discussions on the benefits of using its patented Electrochemical Fatigue Sensor(TM) (EFS) to detect and monitor microscopic growing cracks in bridge infrastructure.
The International Conference on Fatigue and Fracture in the Infrastructure -- Bridges and Structures of the 21st Century is expected to draw transportation agencies including state Departments of Transportation, bridge owners and engineers, inspection engineers, researchers and technology suppliers. It will provide a forum to discuss the fatigue and fracture issues facing the transportation industry and evaluate the latest advancements, applications, research and solutions.
The conference is sponsored by Lehigh University's renowned Advanced Technology for Large Structural Systems (ATLSS) Center and co-sponsored by organizations including the Federal Highway Administration, Pennsylvania Infrastructure Technology Alliance, National Science Foundation, New Jersey Department of Transportation, Port Authority of New York and New Jersey, and Transportation Research Board.
"Lehigh University's ATLSS Center is one of the most respected fatigue and fracture research organizations in the country and we are pleased to participate in this groundbreaking conference," said MATECH CEO Robert M. Bernstein. "MATECH is ramping marketing efforts to communicate the technical and economic advantages of our highly accurate metal fatigue detection technology to the bridge industry. This event provides an opportunity to showcase our capabilities and forge relationships with decision makers seeking solutions to ensure safety, reduce maintenance costs and prioritize repairs of highway, railroad and mass transit bridge structures."
According to the Federal Highway Administration more than half of the steel bridges in the US are structurally deficient or functionally obsolete. Maintaining and improving the nation's aging bridge infrastructure system is a priority for transportation authorities. The $286 billion Federal Transportation Bill has allocated millions of dollars to help states evaluate non-destructive methods like MATECH's EFS to test growing fatigue cracks in steel bridges. The Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU, enacted August 10, 2005) provides for increased transportation infrastructure investment and strengthened transportation safety programs.
The US DOT's Fiscal Year 2007 Budget Request continues the funding for bridge safety. $65.6 billion in budgetary resources has been requested to support major investments in transportation nationwide including $4.2 billion for bridge replacement, rehabilitation and preventive maintenance.
About Material Technologies, Inc. (MTNA.OB)
MATECH is an engineering, research and development company specializing in technologies to measure microscopic fractures and flaws in metal structures and monitor metal fatigue in real time. The company's leading edge metal fatigue detection, measurement and monitoring solutions can accurately test the integrity of metal structures and equipment including bridges, railroads, airplanes, ships, cranes, power plants, mining equipment, piping systems and heavy iron.
MATECH owns the only nondestructive testing technology able to find growing cracks as minute as 0.01 inches-critical information that allows structural engineers to isolate and repair the more than 100,000 steel bridges in the US which have been classified as structurally deficient or functionally obsolete by the Federal Highway Administration. MATECH has exclusive rights to seven patents along with $8.3 million in already completed contracts from the US Government for research, testing and validation of its innovative solutions.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "believe," "will," "breakthrough," "significant," "indicated," "feel," "revolutionary," "should," "ideal," "extremely" and "excited." These statements are made under "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See the Company's filings with the Securities and Exchange Commission including, without limitation, the Company's recent Form 10-K and Form 10-Qs, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements. Contact: ir*matechcorp.com, www.matechcorp.com
SALT LAKE CITY, Aug 01, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- TenFold Corporation (OTC Bulletin Board: TENF), provider of the EnterpriseTenFold(R) SOA platform for building and implementing SOA-compliant, enterprise-scale applications and services, today announced its financial results for the second quarter ended June 30, 2006.
For the second quarter, TenFold reported revenues of $710,000, an operating loss of $1.7 million, a net loss of $1.7 million, and a diluted loss per common share of $0.04.
For the first half of 2006, TenFold reported revenues of $1.3 million, an operating loss of $3.6 million, a net loss of $3.6 million, and a net loss applicable to common shareholders of $5.3 million after a non-cash deemed dividend of $1.8 million related to warrants issued with preferred stock and a beneficial conversion feature on the preferred stock, resulting in a diluted loss per common share of $0.11.
TenFold's Q2 ending cash balance was $3.2 million.
Operating expenses for the three and six months ended June 30, 2006 include $360,000 and $862,000, respectively, of stock based compensation expense from the adoption, effective January 1, 2006, of Statement of Financial Accounting Standards No. 123 (revised 2004), Share-Based Payment, which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors, including employee stock options and employee stock purchase plan purchases, based on estimated fair values.
"With the closing of two new contracts with new customers and upon receiving additional work from several of our existing customers, during Q2 and July, I am cautiously optimistic that TenFold will prosper. It is especially gratifying that these two new customers have indicated that they not only want this initial project to be successful, but that they want to continue to look at Enterprise TenFold SOA as their strategic platform," said Robert W. Felton, TenFold's Chairman, President and CEO.
TenFold conference call
TenFold will host a conference call to discuss the financial results today, Tuesday, August 1, 2006, at 5:00 p.m. EDT and is available by dialing 800-857-9091 or 210-234-0009 for international calls.
The conference title is "Q2 Financial Results Conference Call," the passcode is "TenFold," and the call leader is "Robert W. Felton." Telephone replays of the conference call will be available from approximately one hour after the call through August 15, 2006. To access the telephone replay, dial (888) 568-0112 or (402) 530-7784 for international calls.
About TenFold
TenFold (OTC Bulletin Board: TENF) licenses its patented technology for applications and services development, EnterpriseTenFold(R), to organizations that face the daunting task of replacing obsolete applications or building complex SOA-compliant applications systems. Unlike traditional approaches, where business and technology requirements create difficult IT bottlenecks, EnterpriseTenFold technology lets a small team of business people and IT professionals design, build, deploy, maintain, and upgrade new or replacement applications with extraordinary speed, superior applications quality and power features. For more information, call (800) TENFOLD or visit www.tenfold.com.
This release contains forward-looking statements. These statements can be identified by reference to "goals" or "intentions" or by the use of forward-looking terminology such as "believe," "expect," "anticipate," "estimate," "should," "will," "may," or the negatives thereof, or similar terminology, or by discussions of our strategy or the benefits of our technology, and include any facts or assumptions underlying such statements. Forward-looking statements in this release include Mr. Felton's remarks regarding future performance. Our business and operations are subject to a wide variety of risks and uncertainties that may cause actual future events or results to differ materially from those described in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include the company's inability to attract new customers and close sales with new or existing customers. Forward- looking statements in this release also include that EnterpriseTenFold technology lets a small team design, build, deploy, maintain and upgrade applications with extraordinary speed, superior applications quality and power features. Factors that could cause actual benefits of the TenFold product and technology to differ materially from those in the forward-looking statements include inadequate training, incorrect installation, use of unsupported hardware and software versions or combinations thereof, and inadequate consultation with TenFold support personnel. These and other factors that could cause actual results to differ materially from those in the forward- looking statements are discussed in greater detail in certain documents filed by TenFold Corporation with the Securities and Exchange Commission, including but not limited to, the most recent reports on Forms 10-K and 10-Q. We make no commitment to revise or update any forward-looking statement to reflect events or circumstances after the date such statement is made.
TenFold and EnterpriseTenFold are trademarks of TenFold Corporation. All other trademarks and registered trademarks are the property of their respective owners.
Press Contacts:
Sally N. White TenFold Corporation 801-619-8232 swhite*tenfold.com
June 30, December 31, 2006 2005 Current assets: Cash and cash equivalents $3,244 $1,344 Accounts receivable, (net of allowances for doubtful accounts of $0 and $9, respectively, includes related party receivable of $6 and $25 respectively) 250 209 Unbilled accounts receivable, (net of allowances for doubtful accounts of $0 and $0, respectively) 3 2 Prepaid expenses and other assets 142 161 Total current assets 3,639 1,716
Restricted cash 74 74 Property and equipment, net 247 352 Total assets $3,960 $2,142
Liabilities and Stockholders' Equity Current liabilities: Accounts payable $199 $483 Income taxes payable 243 250 Accrued liabilities 1,249 1,492 Deferred revenue 1,820 2,218 Current installments of obligations under capital leases 26 35 Notes payable - related parties -- 600 Total current liabilities 3,537 5,078
Long-term liabilities: Obligations under capital leases, excluding current installments 1 10 Total long-term liabilities 1 10
Commitments and contingencies
Stockholders' equity: Convertible preferred stock, $0.001 par value: Authorized: 2,000,000 shares Issued and outstanding shares: 1,500,000 shares at June 30, 2006 and 0 shares at December 31, 2005 2 -- Common stock, $0.001 par value: Authorized: 120,000,000 shares Issued and outstanding shares: 46,502,013 shares at June 30, 2006 and 46,445,749 shares at December 31, 2005 46 46 Additional paid-in capital 83,347 76,411 Deferred compensation -- (6) Accumulated deficit (82,973) (79,397) Total stockholders' equity 422 (2,946) Total liabilities and stockholders' equity $3,960 $2,142
TENFOLD CORPORATION CONDENSED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited)
Three Months Ended Six Months Ended June 30, June 30, 2006 2005 2006 2005
Revenues: License $54 $223 $141 $316 Services and other 656 1,478 1,168 2,993 Total revenues 710 1,701 1,309 3,309
Operating expenses: Cost of revenues 634 757 1,220 1,751 Sales and marketing 270 846 461 1,560 Research and development 1,094 876 2,217 1,819 General and administrative 409 592 1,021 1,223 Total operating expenses 2,407 3,071 4,919 6,353 Loss from operations (1,697) (1,370) (3,610) (3,044)
Other income (expense): Interest income 45 17 53 37 Interest expense (1) (2) (20) (5) Other income 1 5 1 87 Total other income, net 45 20 34 119 Loss before income taxes (1,652) (1,350) (3,576) (2,925) Provision for income taxes -- 6 -- 7 Net loss (1,652) (1,356) (3,576) (2,932) Deemed dividend related to warrants issued with preferred stock and beneficial conversion feature on preferred stock -- -- (1,761) -- Net loss applicable to common shareholders $(1,652) $(1,356) $(5,337) $(2,932)
Basic loss per common share $(0.04) $(0.03) $(0.11) $(0.06) Diluted loss per common share $(0.04) $(0.03) $(0.11) $(0.06)
Weighted average common and common equivalent shares used to calculate loss per share: Basic 46,502 46,412 46,492 46,406 Diluted 46,502 46,412 46,492 46,406
COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE
The following table sets forth the computation of basic and diluted loss per common share (in thousands except per share data):
Three Months Ended Six Months Ended June 30, June 30, Numerator: 2006 2005 2006 2005 Numerator for basic loss per share - net loss applicable to common shareholders $(1,652) $(1,356) $(5,337) $(2,932) Numerator for diluted loss per share - net loss applicable to common shareholders $(1,652) $(1,356) $(5,337) $(2,932)
Denominator: Denominator for basic loss per share - weighted average shares 46,502 46,412 46,492 46,406
Employee stock options -- -- -- --
Denominator for diluted loss per share 46,502 46,412 46,492 46,406
Loss per common share: Basic loss per common share $(0.04) $(0.03) $(0.11) $(0.06) Diluted loss per common share $(0.04) $(0.03) $(0.11) $(0.06)
SOURCE TenFold Corporation
Sally N. White of TenFold Corporation, +1-801-619-8232, swhite*tenfold.com http://www.prnewswire.com
-------------------- The difference between genius and stupidity is that genius has its limits
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Solutia Completes Refinancing of Euro Notes 8/1/2006
ST. LOUIS, Aug 1, 2006 (PRIMEZONE via COMTEX News Network) -- Solutia Inc. (OTCBB:SOLUQ), a leading manufacturer of interlayers for laminated glass, aftermarket window films, specialty chemicals and an integrated family of nylon products, today announced that its subsidiary, Solutia Europe SA/NV ("SESA"), through its subsidiary Solutia Services International S.C.A./Comm. V.A., has successfully closed on a new EUR 200 million loan due in 2011. The new loan is priced at an adjustable rate of EURIBOR plus a margin which currently yields a rate of approximately 5.75% to 6.50%. It replaces SESA's EUR 200 million of 10% Senior Secured Notes that were due in 2008, which were redeemed today at a 3% redemption premium. Citigroup Global Markets Limited has fully underwritten the new loan.
"This new loan will result in significant interest savings for Solutia," said Jim Sullivan, senior vice president and chief financial officer, Solutia Inc. "In addition, it provides us with greater flexibility to divest non-core assets. For example, we are now able to complete the previously announced sale of our Pharmaceutical Services business, which we expect to occur later this month."
Forward Looking Statement
This press release contains forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed or implied by the forward-looking statements. Assumptions and other important factors that could cause our actual results to differ materially from those anticipated in our forward-looking statements include, among other things: (i) the ability of Solutia to develop, prosecute, confirm and consummate one or more Chapter 11 plans of reorganization; (ii) the potential adverse impact of the Chapter 11 filing on Solutia's operations, management and employees, and the risks associated with operating businesses under Chapter 11 protection; (iii) the ability of Solutia to comply with the terms of the DIP financing facility; (iv) world economic conditions, competitive pressures, gain or loss of significant customers, labor relations and disruption of operations, raw material and energy costs, currency and interest rate fluctuations, success in implementing pricing actions and managing spending, operating rates, cost of debt, environmental compliance and remediation and other factors; (v) customer response to the Chapter 11 filing; and (vi) the risk factors or uncertainties listed from time to time in Solutia's filings with the Securities and Exchange Commission and with the U.S. Bankruptcy Court in connection with the Company's Chapter 11 filing. Other factors and assumptions not identified above are also relevant to the forward-looking statements, and if they prove incorrect, could also cause actual results to differ materially from those projected.
Corporate Profile
Solutia (http://www.Solutia.com) uses world-class skills in applied chemistry to create value-added solutions for customers, whose products improve the lives of consumers every day. Solutia is a world leader in performance films for laminated safety glass and after-market applications; process development and scale-up services for pharmaceutical fine chemicals; specialties such as water treatment chemicals, heat transfer fluids and aviation hydraulic fluid and an integrated family of nylon products including high-performance polymers and fibers.
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QORUS.COM INC. Announces New Ticker Symbol 8/1/2006
LAS VEGAS, NV, Aug 01, 2006 (MARKET WIRE via COMTEX News Network) -- QORUS.COM INC. (OTCBB: QRUS) announced today that, effective as of August 2, 2006, the name of the Company will be changed to DigitalFX International, Inc. and the Company will change its ticker symbol on the Over-The-Counter Bulletin Board to DFXN (OTCBB: DFXN). Also, the increase in the number of authorized shares of the Company's Common Stock, the mandatory conversion of Preferred Stock issued in conjunction with the Company's exchange transaction with VMdirect, LLC, and a 1-for-50 reverse stock split will become effective as of August 2, 2006. Accordingly, as of August 2, 2006, the post-reverse-stock-split Common Stock of the Company will start trading on the Over-The-Counter Bulletin Board, and there will be a total of approximately 22,074,456 shares of Common Stock issued and outstanding.
About DigitalFX International, Inc.
DigitalFX is a social networking and digital communications company. The Company develops and markets proprietary web-based social networking software applications, including video email, video instant messaging and live webcasting. DigitalFX bundles its proprietary applications with other open source applications and sells them as an integrated suite through an Internet-based subscription model. The Company's Web 2.0 communication tools enable users to create, transcode, send, manage and store all forms of digital media content (i.e., photos, videos, music, documents). These innovative social networking applications are scalable, customizable and highly extendible
-------------------- The difference between genius and stupidity is that genius has its limits
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SEC charges stock-tip Web site operator with fraud
By Robert Schroeder 8/1/2006 04:29:25 PM
WASHINGTON (MarketWatch) -- Securities regulators charged a California man with fraud on Tuesday, alleging he made more than $2.7 million in illegal profits by secretly selling stocks he recommended on his Web site. The SEC said Nicholas Czuczko of Beverly Hills, Calif., touted penny stocks on www.thes+ocks+er.com even as he planned to sell them. He didn't disclose his sales on the site after visitors to the site drove up the price of the shares, the SEC said. Regulators are seeking a return of ill-gotten gains and civil monetary penalties.
-------------------- The difference between genius and stupidity is that genius has its limits
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SEC Charges Operator of Stock Picking Website with Secretly Profiting in Investment Scam FOR IMMEDIATE RELEASE 2006-128 Washington, D.C., August 1, 2006 — The Securities and Exchange Commission today announced the filing of civil securities fraud charges against the operator of an Internet website who made more than $2.7 million in profits by secretly selling the stocks he recommended as “mega bonus buys” on his site, [URL=http://www.the stock ster .com]www.the stock ster.com[/URL] (the Stock ster website).
The Commission’s complaint alleges that Nicholas A. Czuczko, age 34, of Beverly Hills, Calif., routinely recommended thinly-traded penny stocks on his website while he personally planned to sell the stock into the rising price spurred by the recommendation. Czuczko’s practice was to buy shares of the recommended stocks shortly before posting the selection on the stock ster website. When unsuspecting Internet visitors bought the recommended stocks and drove up the price of the shares, Czuczko sold or “scalped” his holdings for substantial profits without disclosing his own sales on the stock ster site. A screen shot of the stock ster website from March 3, 2006, is attached to this release.
According to the Commission’s complaint, Czuczko funded an extensive Internet advertising campaign to drive traffic to the stock ster website. Between mid-December 2005 and the end of March 2006, the Commission alleges, Czuczko paid approximately $1.15 million to Internet search companies and other web advertisers. Ads for the stock ster site appeared on Google and Yahoo! in response to Internet searches for terms like “stocks” and “investment advice,” and on popular financial websites like Marketwatch.com, The Street .com, and The Wall Street Journal Online. Czuczko’s advertising campaign proved successful, and his stock picks reliably fueled trading and price increases in the recommended stocks.
Linda Chatman Thomsen, Director of the Commission’s Division of Enforcement, said, “Investors need to be wary of unsolicited stock recommendations they find on the Internet. As in this case, the website operator may have hidden motives in recommending stocks to the detriment of unsuspecting investors.”
Helane L. Morrison, District Administrator of the Commission’s San Francisco District Office, said, “The Commission is committed to stamping out these scalping schemes that prey on unsuspecting investors.”
In a related scheme, the Commission charges that Czuczko touted shares of his own company, Epic Media, Inc. Epic Media, based in Los Angeles, is a development stage company with plans to publish “lifestyle magazines” for men and women. Czuczko is Epic Media’s CEO and CFO, and chairman of the company’s board of directors, as well as its majority shareholder. The Commission alleges that in early December 2005 Czuczko recommended the purchase of Epic Media stock on a website that was the predecessor to the stock ster site. After the price of Epic Media stock spiked, Czuczko sold his shares for a small profit. Czuczko did not publicly disclose those trades, among others, in stock ownership forms required to be filed with the Commission under federal securities laws.
The Stocks ter website included a boilerplate disclaimer that the site’s unidentified officers and employees “may” trade in the recommended stocks. The truth, however, was that Czuczko always sold his shares as soon as his recommendation had its intended effect of increasing the price of the stock. The Stock ster website provided no warning to Internet visitors that the site’s operator intended—and in fact made it a regular practice—to sell the stocks at the same time that he posted buy recommendations on the site. By failing to disclose his intent to sell at the time when he made the recommendation, Czuczko was able to turn a quick profit at the expense of the investors who followed the site’s advice.
The Commission’s complaint, filed in federal district court in Los Angeles, seeks to enjoin Czuczko from future violations of the antifraud and ownership disclosure provisions of the federal securities laws. The Commission requests that the district court order Czuczko to disgorge his ill-gotten gains plus prejudgment interest, impose a civil monetary penalty, and bar him from participating in penny stock offerings and from serving as an officer or director of a publicly traded company.
The Commission acknowledges the assistance of NASD Market Regulation with its investigation.
For tips to avoid costly mistakes, the Commission encourages investors to read “Pump & Dump.con: Tips for Avoiding Stock Scams” on the Internet at http://www.sec.gov/investor/pubs/pump.htm.
For more information, contact:
Helane L. Morrison District Administrator (415) 705-2450
Tracy L. Davis Branch Chief (415) 705-2318
United States Securities and Exchange Commission San Francisco District Office
Additional materials: Litigation Release No. LR-19787 and Complaint
[ August 01, 2006, 18:47: Message edited by: Chopper ]
-------------------- It will run when you least expect it. :)
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Payment Data Systems, Inc Celebrity Card to Premier on E! Entertainment Television "Daily 10" Show 8/1/2006
SAN ANTONIO, TX, Aug 01, 2006 (MARKET WIRE via COMTEX News Network) -- Payment Data Systems, Inc. (OTCBB: PYDS), an integrated electronic payments solutions provider, announced that the E! Entertainment Television channel and the "Daily 10" show have indicated they will air a story on the celebrity card being delivered by PDS. The scheduled broadcast times are 7:30 pm EDT and 11:30 pm EDT and tomorrow at 8:30 am EDT and 12:30 pm EDT.
"We are extremely pleased that E! Entertainment and the 'Daily 10' show has chosen our celebrity card as a top 10 entertainment news item of the day," said Louis Hoch President and COO of Payment Data Systems, Inc.
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.
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.
Tyler Announces Further Main Zone Drill Results, Including 35.06 Meters Grading 0.77% Copper, 0.3 G/T Gold and 0.36% Zinc. North Porphyry Lobe Mineralization Confirmed With Drilling 8/1/2006
CALGARY, ALBERTA, Aug 1, 2006 (CCNMatthews via COMTEX News Network) -- Tyler Resources Inc. (TSX VENTURE:TYS) is pleased to announce further drill intercepts from its ongoing drill program at the Main Zone, Bahuerachi project, Mexico.
Analytical data from 3 reverse circulation holes have been received from the ongoing Main Zone porphyry-skarn system drilling program as well as one reverse circulation and 5 core holes from the North Porphyry Lobe target. These drill holes confirm the extension north past section 9 NE for stockworked sediments, skarn and porphyry units from the Main Zone into the North Porphyry lobe. All of the data from these drill holes will be incorporated into the initial independent resource model being developed for the drilling conducted to date in the Main Zone at Bahuerachi.
Results are presented in the following tables from areas of drilling, from south to north, and discussed below. Available geological cross sections for the drill holes as reported are posted with the news release on our website at www.tylerresources.com . Drill hole collar locations are shown on the attached drill plan map. (http://www.ccnmatthews.com/docs/801tysmap.pdf)
------------------------------------------------------------------------ From To Interval CopperHole # (m) (m) (m) (%)------------------------------------------------------------------------RC-41 16.77 51.83 35.06 0.77------------------------------------------------------------------------incl uding 38.11 51.83 13.72 1.36---------------------------------------------------------------------------- --------------------------------------------------------------------RC-42 28.96 57.93 28.97 0.99------------------------------------------------------------------------incl uding 48.78 54.88 6.1 3.55------------------------------------------------------------------------and 77.74 89.94 12.2 0.65------------------------------------------------------------------------and 99.09 111.28 12.19 0.23------------------------------------------------------------------------RC-4 3 4.56 48.64 44.08 0.24---------------------------------------------------------------------------- -------------------------------------------------------------------- Gold Silver Zinc MoHole # (g/t) (g/t) (%) (%) Rock Type------------------------------------------------------------------------RC-4 1 0.3 1.1 0.36 trace Porphyry-Skarn------------------------------------------------------------------ ------including 0.7 1.9 0.91 trace Skarn--------------------------------------------------------------------------- ---------------------------------------------------------------------RC-42 0.01 1.7 trace 0.01 Porphyry------------------------------------------------------------------------ including 0.01 2.3 - 0.007 Porphyry------------------------------------------------------------------------ and 0.08 10.4 0.39 0.005 Skarn------------------------------------------------------------------------and 0.04 5.4 0.004 0.27 Skarn------------------------------------------------------------------------RC- 43 0.01 1.2 - 0.006 Porphyry, minor sediments----------------------------------------------------------------------- -All holes true widths of mineralization. RC drill holes 41 and 42 confirmed and extended previously identified higher grade porphyry and skarn sections in the south of the Main Zone. RC 43 was collared to test the western limit of the system in this area, and returned lower grades as anticipated.
North Porphyry Lobe Drilling
A fault separating the Main Zone Porphyry and North Porphyry lobe domains has been identified between section 8 NE (drilling results released July 6th, 2006, NR 06-17) and section 9 NE. Field mapping and drilling has now demonstrated continuation of the main mineralized system outlined to the south in the Main Zone into the North Porphyry lobe. The fault bounding the two domains is interpreted to drop the North Porphyry downwards from the Main Zone, and may have shifted the core of the system to the east relative to section 8 NE. Follow up drilling in the North Lobe will target identified areas of stronger surface leaching with possible near surface oxide mineralization, as well as areas showing stronger zones of quartz stockworking currently being exposed through surface trenching.
Assay data for a total of 5 core holes have been received on two sections (9.5 NE and 10 NE), as presented below. The data shows wide areas of low grade mineralization, with local high grade skarn similar to those occurring within the Main Zone to the South.
Assay Results for RC 44, located on the western edge of the North Porphyry Lobe have been received. Locally elevated background values of copper (0.1 to 0.42% Cu) have been identified, however the data suggests that the hole was outside of the mineralized envelope occurring within the North Porphyry.
Field Update.
Work is ongoing in the Main Zone at a reduced rate (drilling restricted to day shifts) during the ongoing rainy season in Mexico, which is expected to last until mid-September. Drilling is ongoing with 4 rigs in both Main Zone porphyry and North lobe porphyry systems (Drill holes BAH-90, 91, 94 as well as RC-48).
Results currently outstanding include drill holes RC-45, 46 and 47, and core holes 92 (North Skarn) and 93.
Access to the high priority Colome drill target in the north of the Main Zone is being completed with drilling to commence at that site within the next 2 weeks. Colome is a zone of historical near surface and underground historical mining in high grade skarns and limestone-hosted sulphide bodies associated with the North Lobe porphyry. Previous surface sampling at Colome has returned composite values of 18 meters grading 1.38% copper, 0.04 g/t gold and 6.5 g/t silver.
About Tyler
Tyler Resources is a junior exploration company focused on base and precious metals exploration in Mexico. Tyler's primary project is the Bahuerachi property, which hosts a large mineralized porphyry-skarn copper (Au, Ag, Mo, Zn) complex. The Company is now in the advanced stage of a 35,000 meter combined diamond and reverse circulation drilling program scheduled to be completed during 2006, making it one of the most active Canadian junior exploration companies operating in Mexico.
All assay work was performed by ICP at ALS-Chemex labs of Vancouver, with gold done using standard fire assay methods. All samples sent to the lab are sealed with security tags for delivery to ALS-Chemex. Duplicate samples as well as standards and blanks are inserted in each batch of samples delivered to the laboratory and then checked to ensure proper quality assurance and quality control (QA/QC).
The Qualified Person responsible for the design and implementation of the Field Program as well as the preparation of this news release was J. P. Jutras, P.Geol., and President of the Company. The work program is being carried out with the participation of Dr. Shane William Ebert, Ph.D, P.Geo, Vice President and Director, Dustin Rainey, B.Sc Geology, Grant Couture, B.Sc., M.Sc Geology, Paul Turnbull, B.Sc, P.Geol and Cornell McDowell, B.Sc Geology, consultants to the Company.
"Jean Pierre Jutras"
Jean Pierre Jutras
President/CEO/Director
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Tyler's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Tyler. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Tyler's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Tyler's filings with the Canadian securities authorities. Accordingly, holders of Tyler shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Tyler disclaims any responsibility to update these forward-looking statements.
CLAREMONT, Calif., Aug 1, 2006 (PRIMEZONE via COMTEX News Network) --
Kiwa Bio-Tech Products Group Corporation (OTCBB:KWBT) has signed an agreement with China Hua Yang Roneo Corporation. China Hua Yang Roneo Corporation has agreed to order 200,000 tons of urea. The urea will be mixed with Kiwa's products, particularly Kiwa Yimuling, a bio-fertilizer, which will be sold pursuant to a separate contract to be entered into between the parties. The term of the agreement is 18 months and is extendable for an additional period of six months. The value of the contract is US$34,000,000, based on a value of US$170 per metric ton.
China Hua Yang Roneo Corporation is a subsidiary of China Council for the Promotion of International Trade, and sells Chinese products to Southeast Asia and European countries.
The products covered by this contract will primarily be exported to The Philippines and Vietnam. In order to meet the requirements of clients in The Philippines and Vietnam, the R&D Center of Kiwa has focused on developing a scientific way to use Kiwa Yimuling bio-fertilizers compounded with urea. Currently, Kiwa's products have passed tests in Vietnam, and the Ministry of Agriculture of Vietnam is expected to issue a distribution license for Kiwa's products in August.
In order to meet its obligation to supply urea, Kiwa has signed a contract with Shengkui Technologies, Inc. to purchase from Shengkui 1,200,000 metric tons of prilled urea N 46% agricultural grade conforming to certain specifications set forth in the agreement. The term of the agreement is 18 months and is extendable for an additional period of six months. The aggregate value of contracted deliveries under the agreement is approximately US$162,000,000, based on a value of US$135 per metric ton.
For more details on these contracts including delivery commitments and terms of credit and purchase, please refer to the 8K report filed by Kiwa with the United States Securities and Exchange Commission, available free of charge at http://www.sec.gov.
About Kiwa Bio-Tech Products Group Corporation
The Company develops, manufactures, distributes and markets innovative, cost-effective, and environmentally safe bio-technological products for agricultural and natural resources and environmental conservation. The Company's products are designed to enhance the quality of human life by increasing the value, quality and productivity of crops and decreasing the negative environmental impact of chemicals and other wastes. For more information about the Company, please visit the Company's website at http://www.kiwabiotech.com.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
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News for 'IPRE' - (Imperia Entertainment Announces Broadcast Deal with OlympuSAT for Television Series, ``Autograph'')
BEVERLY HILLS, Calif., Aug 02, 2006 (BUSINESS WIRE) -- Imperia Entertainment (Pink Sheets:IPRE) announced today that its television distributor has entered into a one year license agreement with OlympuSAT, Inc. for the broadcast of Imperia's celebrity television series, "Autograph" on OlympuSAT's satellite networks in the United States, its territories, possessions and military bases worldwide.
About OlympuSAT, Inc.
Florida based OlympuSAT, Inc. is an independent company, offering complete turn-key services for both emerging and veteran television networks. OlympuSAT provides marketing and distribution services, advertising and billing services as well as technical services, including traffic and master control, satellite and uplink. Its content is offered to multi-channel providers over 24 individual television networks via two multiplex bundles. These multiplexes allow providers to realize major capital cost savings at the head-end.
About Imperia Entertainment
Imperia Entertainment, Inc. (www.imperiaentertainment.com) is a company, which has emerged as a player in the area of independent film production and distribution, once monopolized by the major film studios. In conjunction with its distribution subsidiary, Imperia International Distribution, the company engages in investing in and producing and distributing full-length feature films. Along with its equity interest in "All That I Need" (www.allthatineed.net), released in theaters last December, Imperia's film properties include its feature film in post production, "Say it In Russian," starring Faye Dunaway and Agata Gotova, "Brothers," by Tarquin Gotch ("Home Alone"), "Never Submit," a feature film on the subject of mixed martial arts, "Whiskers," a family film, made by Imperia's subsidiary, Muller Media, Inc. (Pink Sheets:MUME) and the award-winning "Autograph" television series (www.autograph.tv).
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Rail Industry Leader Joins Coalition for Luggage Security in Growing Movement Urging Safety Measures in Nation's Transportation System 8/2/2006
NEW YORK, Aug 02, 2006 (BUSINESS WIRE) -- The Coalition for Luggage Security, announced today Tim Smith, Chairman of BLET's California State Legislative Board, believing in the immediate need to boost railroad security in this era of terrorist threats to the U.S., has joined The Coalition for Luggage Security, a voluntary partnership of prominent business leaders in the nation's transportation and logistics industries. BLET is a Division of the Rail Conference of the International Brotherhood of Teamsters.
Mr. Smith, who actively lobbies for rail security measures in his State on behalf of BLET's Board, based in Auburn, Calif., said, "The lack of rail security in this country is the railroad's dirty little secret and security has been largely ignored since September 11." He also explained the federal government has spent only $250 million on rail security and about $40 billion on airline security. Besides the need for more rail security funding, he noted that training for rail workers also needs improvement. "The bottom line is the rail industry is left to police itself, which is like the fox watching the henhouse," he said.
"With the growing concern about security gaps around America's freight trains putting citizens at risk, The Coalition for Luggage Security is pleased to welcome Tim Smith and his leadership and influence to our more than 40 member organizations in the transportation and logistics industries," said Richard A. Altomare Founder and President of the Coalition for Luggage Security, and CEO of Universal Express, Inc. (OTCBB:USXP). "Tim has been doing a terrific job through BLET's State Legislative Board getting the word out about the need for increased rail security, and has waged a tremendous public awareness campaign through the International Brotherhood of Teamsters, compiling local television news broadcast videos about the lack of rail security in areas such as Sacramento, Fresno, Atlanta, Cincinnati and Dallas-Fort Worth," Mr. Altomare concluded.
About The Coalition for Luggage Security
The Coalition for Luggage Security was established to ensure the safety of travelers through alternate means of luggage transportation. The Coalition consists of prominent businesspersons and companies that educate the public, Congress and the Administration on the importance of solving the luggage and cargo safety issues that exist in airlines and airports.
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 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, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Pilgrim Petroleum Corporation Announces New Record in Production Business Wire - August 2, 2006 6:30 AM (EDT)
IRVING, Texas, Aug 02, 2006 (BUSINESS WIRE) -- Pilgrim Petroleum Corporation, (Pink Sheets: PGPM) announces that the company has achieved a new record in production for the month of July, an increase of over 20% from the previous month. The increase is the result of more wells in line. These figures will contribute to a new potential record on production for this quarter. Pilgrim Petroleum will be targeting new prospects with a low level of risk starting next month.
Pilgrim Petroleum Corporation Vice President of Operations Jeffrey Fanning said, "Our operational performance for the month well exceeded our expectations and our previous guidance, yet we look forward to maintaining our growth for some time as oil prices increase."
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PGPM). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production.
Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward looking statements.
2006 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
SOURCE: Pilgrim Petroleum Corporation
Pilgrim Petroleum Corporation Eddie Monet, 619-864-0166 emonet*americancapitalipo.com www.apetroleum.com
Copyright Business Wire 2006
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IPRE (.0012) Announces Broadcast Deal with OlympuSAT for Television Series, ``Autograph'' Aug 2, 2006 8:31:00 AM Copyright Business Wire 2006
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Aug. 2, 2006--
Imperia Entertainment (Pink Sheets:IPRE) announced today that its television distributor has entered into a one year license agreement with OlympuSAT, Inc. for the broadcast of Imperia's celebrity television series, "Autograph" on OlympuSAT's satellite networks in the United States, its territories, possessions and military bases worldwide.
About OlympuSAT, Inc.
Florida based OlympuSAT, Inc. is an independent company, offering complete turn-key services for both emerging and veteran television networks. OlympuSAT provides marketing and distribution services, advertising and billing services as well as technical services, including traffic and master control, satellite and uplink. Its content is offered to multi-channel providers over 24 individual television networks via two multiplex bundles. These multiplexes allow providers to realize major capital cost savings at the head-end.
About Imperia Entertainment
Imperia Entertainment, Inc. (www.imperiaentertainment.com) is a company, which has emerged as a player in the area of independent film production and distribution, once monopolized by the major film studios. In conjunction with its distribution subsidiary, Imperia International Distribution, the company engages in investing in and producing and distributing full-length feature films. Along with its equity interest in "All That I Need" (www.allthatineed.net), released in theaters last December, Imperia's film properties include its feature film in post production, "Say it In Russian," starring Faye Dunaway and Agata Gotova, "Brothers," by Tarquin Gotch ("Home Alone"), "Never Submit," a feature film on the subject of mixed martial arts, "Whiskers," a family film, made by Imperia's subsidiary, Muller Media, Inc. (Pink Sheets:MUME) and the award-winning "Autograph" television series (www.autograph.tv).
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 Imperia entertainment, Inc.., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. All financial projections have been prepared by management, and are based on assumptions as to future events and conditions which may or may not occur. Most of these assumptions are beyond the company's control and merely represent management's forecasts. To the extent actual experience varies from any one or more of the assumptions, actual financial results will differ. While the company makes these projections in good faith, investors are cautioned that they are based on the company's limited experience, represent goals and objectives, and are unreliable and of questionable value when making an investment decision.
Source: Imperia Entertainment, Inc.
----------------------------------------------
Imperia Entertainment Inc. James Hergott 949-703-9133 imperiaentertainment********** or Vivian Fullerlove PR 972-562-0616 musbviv*yahoo.com
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James Monroe Capital General Progress Report Business Wire - August 2, 2006 8:30 AM (EDT)
CHICAGO, Aug 02, 2006 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) reports on the headway being made on various projects.
Dr. Julio Jane will soon be traveling to Costa Rica to inspect an additional property, and to have agreements translated into Spanish for legal recording. Dr. Jane commented, "Everything in Costa Rica is slow compared to here in the US. I hope to nail these down within a few days. We've been in talks with several new property owners wishing to have someone develop their land, some of which may be worth considering. We're at a point now where we can be very selective. This gives us a clear advantage. I'm ready to move down there to supervise our projects and begin breaking ground ASAP."
Bradford Funding has been in preliminary talks with a party wishing to place $100 million through its Central American lending platform during the first year, with projected increases. James Monroe Capital's contract with Bradford provides the company with a portion of all monies earned, which is 70% of the gross fees payable to Bradford from outside business. Central American loans to American citizens yield much more spread than normal A paper loans, so with a one point spread, JMCP could stand to take $700,000 for the first year, but could get zero out of the deal if it doesn't materialize.
Northland Home Solutions is nearing the renovation of a 4 bedroom, 3 bath house that has a 3 stall garage, with tile and solid mahogany walls in the foyer. The company intends to liquidate all inventory and reinvest assets elsewhere.
CEO Chris McGovern commented, "I wish to re-affirm my commitment not to do a reverse stock split. 99% of the reverse stock splits I've seen have been bad for micro-cap pink sheet companies. The majority of my own net worth is in this company, and 'I eat my own cooking.' Someday, when we are no longer a micro-cap company, we may choose to revisit my policy. When that day comes, we'll all be celebrating. Until that happens, no reverse splits will even be considered."
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.
SOURCE: James Monroe Capital Corporation
James Monroe Capital Corporation, Northbrook Chris McGovern, 847-418-3848
Copyright Business Wire 2006
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MMXT (.009)& InMOD Solutions Sign Comprehensive Licensing and Reseller Agreement Aug 2, 2006 9:00:00 AM
PHOENIX, AZ -- (MARKET WIRE) -- 08/02/06 -- MediaMax Technology Corp. (OTCBB: MMXT) has signed a comprehensive licensing and reseller agreement with New York sales and marketing firm InMOD Solutions, Inc. (www.inmodsolutions.com). The agreement formalizes a memorandum of understanding signed earlier this year. It provides the framework for several market-ready viral marketing programs powered by SunnComm International's (PINKSHEETS: SCMI) MediaMax(TM) technology platform. These specialized marketing programs are currently being represented and sold by InMOD in specific vertical markets including retail electronics, consumer entertainment, satellite radio, and certain major record labels for promotional purposes.
"This is the most comprehensive agreement that we have entered into to date," says Ross O'Brien president and co-founder of InMOD Solutions. "As an innovative New York sales and marketing company, we are always seeking new technologies with the potential to impact the new digital media market on a major scale. We have always believed that the MediaMax suite of products provides this opportunity. As a result, we have now created several market-ready viral marketing programs based on core MediaMax technologies specifically for both record labels and entertainment retailers, as well as some very exciting programs for the Satellite Radio and Consumer Entertainment markets."
Scott Stoegbauer, president of MediaMax Technology, adds, "The InMOD team has many very impressive business contacts and prospects throughout the Consumer Entertainment industries. They have really hit the ground running with these specialized marketing systems based on MediaMax technology and systems. InMOD is aggressively working to close production agreements with several of these multi-national organizations. They are also currently in attendance at the National Association of Recording Merchandisers (NARM) conference where they are exhibiting co-branded products and are also one of the official sponsors (www.narm.com). I am quite pleased with the progress InMOD has made in the short time we have been working together."
The particular products represented by InMOD include specialized versions of the MediaMax MusicMail(TM), Perfect Placement(TM) and other CD enhancement components. Mr. Stoegbauer continues, "The InMOD team has provided feedback from several extremely large prospects that have led to improvements and extensions to our current CD enhancement software."
"The proprietary nature of the products and technology covered under this agreement gives both companies a strong position to drive revenue in the immediate future," concludes Mr. O'Brien.
ABOUT INMOD SOLUTIONS INC.
InMOD Solutions Inc. provides the entertainment, media and consumer brands industries with innovative and proprietary Viral Marketing programs. InMOD works directly with clients to customize viral marketing solutions.
InMOD Solutions Inc. is a privately held corporation founded in 2005 in New York City. For additional information about the company visit (www.InMODSolutions.com) or contact:
Company Contact: InMOD Solutions Inc. Ross O'Brien, President 646-554-5058 ross.obrien*inmodsolutions.com
ABOUT MEDIAMAX TECHNOLOGY
MediaMax Technology Corporation (OTCBB: MMXT), with its international reach, implements the delivery of digital content enhancement and security 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) or contact:
Company Contact: Investor contact: Scott Stoegbauer Investor Relations 602-267-3800 602-231-0681 scotts*mediamaxtechnology.com press*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) or contact:
Company contact: Investor contact: Peter H. Jacobs Investor Relations 602-267-7500 602-231-0681 peter*sunncomm.com press*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.
Company Contact: InMOD Solutions Inc. Ross O'Brien, President 646-554-5058 ross.obrien*inmodsolutions.com
Company Contact: Scott Stoegbauer 602-267-3800 scotts*mediamaxtechnology.com
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MGMX (.0069( MGM Mineral Resources Announces Corporate Update Gold Company Resumes Quotation Services on Pink Sheets, Expanding Infrastructure and Upcoming Meeting of the Board of Directors Aug 2, 2006 9:30:00 AM
TORONTO -- (MARKET WIRE) -- 08/02/06 -- Metro Gold Mines Mineral Resources Inc. (PINKSHEETS: MGMX), a growing gold mining company engaged in the acquisition and development of production properties in South and Central America, is pleased to announce various new developments pertaining to its operations.
"We are pleased to announce the fact that Pink Sheets has resumed our quotation services," said Kenneth Lamb, President of MGM Mineral Resources. "It was a very difficult time for our Company and shareholders, but we were able to prevail over an issue that seemed to linger over many weeks. Again, we initially neglected some of our administration duties and these were symptoms of a Company that was rapidly expanding. All is back in order and forging ahead."
The Company's infrastructure is rapidly expanding, as in the completion of various roads, facilities and the steady increase in production. As such, an additional geologist has been added to the MGM team and there have been recent discussions with a North American independent geologist to travel to La Esperanza and Manantiales mines in order to confirm all recent findings.
The entire Board of Directors will be holding a meeting in Medellin, Colombia on August 7, 2006, in order to discuss and implement upcoming strategies which will ensure production value versus costs. The meeting will also enable MGM Mineral Resources to dictate all plans for management, production, extraction, and exportation for the remainder of 2006 and beyond.
"There are several other meetings that are being planned and linked to our agenda while visiting Medellin, Colombia," added Ken Lamb, President. "We will share the outcome of the various upcoming ideas and projects once the trip is complete. We continue growing rapidly, while establishing operations not only at a national level, but internationally as well."
About MGM Mineral Resources (PINKSHEETS: MGMX)
Metro Gold Mines Mineral Resources Inc. is a growing, expertly managed gold mining company focused on acquiring and producing an impressive portfolio of exploration and production properties in South and Central America. MGM Mineral Resources is working to establish itself as a world-class gold company, capitalizing on smart acquisitions, breakthrough technology, modernized operations, deep industry expertise and a strong gold market to cost-effectively produce high quality gold. The company has identified a significant opportunity to exploit proven but under-developed mineral resources in Colombia. It has acquired La Esperanza Mine and Manantiales Mine in Colombia's highest yielding municipality and is in the later stages of negotiations with several high grade gold and silver properties. MGM Mineral Resources is initially targeting the richest gold zone in Colombia, where between 60 and 80 percent of the nation's gold is produced. For more information please visit www.mgmmining.com
Forward-Looking Statements
Statements contained in this news release, which are not historical facts, are forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 that involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: volatility and sensitivity to market prices for gold; replacement of reserves; procurement of required capital equipment and operating parts and supplies; equipment failure; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; imprecision in reserve estimates; success of future exploration and development initiatives; competition; operating performance of the facilities; environmental and safety risks including increased regulatory burdens; seismic activity, weather and other natural phenomena; failure to obtain necessary permits and approvals from government authorities; changes in government regulations and policies including tax and trade laws and policies; ability to maintain and further improve positive labor relations; and other development and operating risks. Although MGM Mineral Resources believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this report. The company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact: Mr. Kenneth Lamb President (416) 214-7847
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SkyBridge Technology Group, Inc. ''SBTG'' Announces Its Subsidiary Sierra Pacific Aviation, Adds Kodiak Turboprop to Its Managed Fleet Business Wire - August 02, 2006 09:00
LAS VEGAS, Aug 02, 2006 (BUSINESS WIRE) -- SkyBridge Technology Group, Inc. (Pink Sheets:SBTG) Board of Directors has announced today that its wholly owned subsidiary, Sierra Pacific Aviation Inc., has received a Letter of Intent (LOI) to manage new Turboprop, the Kodiak from Quest Aircraft Company LLC of Sandpoint, ID. The Kodiak is a new breed of heavy hauler bush planes ideal for the unimproved airstrips of the Pacific Northwest as well as Baja. The delivery date is still pending final FAA certification and production approval. This new design is poised to compete with Cessna Aircraft's hugely popular Caravan; one of the most reliable and best selling aircraft in the world for decades. "The single engine turboprop Kodiak fits right into our 'Personal Trainer' category of aircraft and the associated operations and management services arm of our business," said Brent Neville President of Sierra Pacific. The Kodiak retails for a base price around $1.4M, and comes in a variety of configurations including an Aircraft SUV version. More on the Kodiak can be found at www.questaircraft.com.
James Wheeler CEO of "SBTG" states, "we are extremely pleased with the advancements that Sierra Pacific is making and are very satisfied with the acquisition. We look forward to continued growth in the aviation field."
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ONEV (.001) Inland Cellular to Bundle One Voice's MobileVoice Service Aug 2, 2006 9:30:00 AM Copyright Business Wire 2006
LA JOLLA, Calif.--(BUSINESS WIRE)--Aug. 2, 2006--
One Voice Technologies, Inc. (OTCBB:ONEV), developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets, today announced that Inland Cellular will bundle as a standard feature One Voice's MobileVoice(TM) service for all Inland Cellular subscribers going forward. The MobileVoice service includes Voice-Dialing, Group Conference Calling, Reading and Sending E-mail and Voice-to-Text SMS Messaging, all powered by One Voice's patented voice technology.
"We believe very strongly in the MobileVoice platform and the impact it can have in the markets we service which is why we have made the decision to include the feature as standard functionality across our entire subscriber base," said Chip Damato, General Manager for Inland Cellular. "We live in a world that communicates via Email and now every Inland subscriber can access, read, and respond to Email from their existing wireless handset. Additionally, the MobileVoice telephone book allows our subscribers to speak the name of any business or residence in our markets to be connected which is amazing. It's like we loaded every name and number for the markets our customers live in into their handset, but it's in our network, can never be lost, and is much easier to use than any handset based technology. These types of speech driven applications give us a decided advantage and we believe they will be key in our overall model. We are very pleased with our partners at One Voice and are continually amazed at the simplicity and effectiveness of the MobileVoice technology."
"Inland Cellular is another example of a carrier who understands the importance of MobileVoice and the impact it can have in the wireless marketplace," said Jack Johnson, Vice President of Telephony Sales at One Voice. "Inland has, like many of our existing carrier partners who have become familiar with the technology, decided to bundle MobileVoice as a standard feature for all of their subscribers which is a tremendous validation for our technology and our program. Carriers like Inland are recognizing the importance of universally available revenue producing enhancements and realize the most important feature in the near term will certainly be Email. We are very pleased with this development and with our partners at Inland Cellular."
About Inland Cellular
Inland Cellular is a locally operated rural cellular communications company that provides service in Southeastern Washington and North Central Idaho. We have been providing quality local cellular service since 1992. From the beginning, our goal has been to provide our customers with the friendliest, most complete customer service in the area while providing local cellular service that is second to none. For more information, please visit http://www.inlandcellular.com.
About One Voice Technologies, Inc.
One Voice Technologies, Inc. (OTCBB:ONEV) is the world's first developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets. Our Intelligent Voice(TM) solutions employ revolutionary, patented technology that allows people to send messages (E-mail, SMS, Instant Messaging and paging), purchase products, get information and control devices -- all by using their voice. The company is headquartered in La Jolla, California. For more information, please visit http://www.onev.com.
FORWARD-LOOKING STATEMENT DISCLAIMER
Some of the statements made in this press release discuss future events and developments, including our future business strategy and our ability to generate revenue, income and cash flow, and should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These "forward-looking" statements can generally be identified by words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," and similar expressions. These statements involve a high degree of risk and uncertainty that exists in the Company's operations and business environment and are subject to change based on various factors that could cause actual Company results, performance, plans, goals and objectives to differ materially from those contemplated or implied in these forward-looking statements. Actual results may be different from anticipated results for a number of reasons, including the Company's new and uncertain business model, uncertainty regarding acceptance of the Company's products and services and the Company's limited operating history.
MobileVoice is a trademark of One Voice Technologies, Inc. All other products and company names herein may be trademarks of their registered owners.
Source: One Voice Technologies, Inc.
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One Voice Investor Relations The Cervelle Group Rob Karbowsky 407-475-9966 Fax: 407-475-9859 rob*thecervellegroup.com
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Solos Endoscopy Completes Acquisition of Early Cancer Detection Products From Lifeline Biotechnologies For $4 Million 09:40 a.m. 08/02/2006 Provided By Market Wire
BOSTON, MA, Aug 02, 2006 (MARKET WIRE via COMTEX) -- Solos Endoscopy, Inc. and Lifeline Biotechnologies, Inc. (PINKSHEETS: LBTN) today announced the Company has acquired the Lifeline Biotechnologies' early cancer detection product line for $4 Million in restricted shares of Solos Endoscopy. Solos Endoscopy has obtained medical assets from Lifeline Biotechnologies, which included the MastaScope(TM), First Warning System(TM), OvaScope(TM), and the intellectual properties relative, to those products.
Lifeline Biotechnologies will also receive compensation, in the form of a royalty, once sales of the MastaScope(TM), First Warning System(TM), and OvaScope(TM) exceed $4 Million. Lifeline Biotechnologies, Inc. has announced existing shareholders will receive a dividend in Solos Endoscopy for their support of Lifeline Biotechnologies in the development of these products.
Now that these new technologies have been acquired, Solos Endoscopy plans to continue the testing and development of these products in an effort to add them to the current line of women's health care products currently in development at Solos Endoscopy.
"We are happy that we have completed this transaction successfully," stated Jim Holmes, President of Lifeline Biotechnologies.
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ATWEC BEGINS AUDIT OF COMPANY FINANCIALS MEMPHIS, TN – Aug 02, 2006 (MARKET WIRE via COMTEX) – ATWEC Technologies, Inc. (ATWT) Board of Directors has voted to begin a complete audit of company financials. Rotenberg and Company, of Rochester, NY, has been hired to perform accounting services for the Company, and will immediately begin auditing the financial statements for fiscal years 2002-2005.
"This audit will enhance dissemination of the company's financial records to our shareholders and potential new investors, and, importantly, we are setting the stage to file application for the OTC QX. Our current corporate attorney will be working diligently to represent us in this process with the pink sheets, and we are very proud to have such a well-respected firm moving the process along quickly. This decision only further demonstrates our ongoing efforts to be fully transparent to the investment community.
We now have the right combination of great counsel and an impeccable accounting firm to face the rigorous responsibility of becoming a reporting company. Our goal is to become a fully reporting company on the OTC BB in the near future. This decision only further demonstrates our ongoing efforts to be fully transparent to the investment community”, said President/CEO Alex T. Wiley.
More information on ATWEC Technologies can be found on the Company's website. www.atwec.com
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Biogenerics Limited Listed on Frankfurt Stock Exchange
PrimeZone via COMTEX
Aug 2, 2006 10:00:46 AM
TYLER, Texas, Aug 2, 2006 (PRIMEZONE via COMTEX News Network) --
The Board of Directors of Biogenerics Ltd. (Pink Sheets:BIGN) is pleased to announce that it has been listed on the Frankfurt Exchange in Frankfurt, Germany. The symbol assigned to the Company is
Symbol: D9G ISIN: US09063F1012 WKN: A0HG80.
The Company chose the Frankfurt Stock Exchange as a result of a growing interest from European investors who make up an already existing foreign shareholder base. The listing in Frankfurt will provide a more liquid market to those existing shareholders as well as make the Company more visible and accessible to new share holders.
The Frankfurt Stock Exchange is one of the biggest and most efficient exchanges in the world. It has over a 90 percent turnover in the German market and a big share in the European market.
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.
SoftNet Technology Eliminates Remaining Long Term Debt -- CEO Takes Stock in Exchange for Outstanding Loans and Accrued Interest 8/2/2006
CRANFORD, N.J., Aug 2, 2006 (PRIMEZONE via COMTEX News Network) -- SoftNet Technology Corp. (OTCBB:STTC) (German WKN#:A0B7RZ) is pleased to announce that approximately $400,000 plus accrued interest that was due to SoftNet CEO, James M. Farinella, has been converted into 20 million shares of Class A Common. The Cancellation and Discharge of Loan Agreement was executed Monday July 24, 2006.
SoftNet's CEO cites the continued quarter over quarter growth of the Company and the expectation for growth to be sustained into and through fiscal years 2007 and 2008 as his willingness to convert this debt in to equity. The addition of a stellar management team, as well as a list of potential acquisitions that will respectively build and add fundamental value in the short and long term, was also mentioned as other reasons for the purchase of these shares.
Mr. James M. Farinella, CEO of SoftNet Technology stated, "I am extremely excited to purchase these shares and add to my position in SoftNet. We are creating an incredible environment for growth, a great corporate structure, an experienced management team and sales force, and now a solid balance sheet. I am committed to the future of SoftNet and will make further investments in the Company if required to sustain the growth and momentum SoftNet has gone through in the recent months."
Please visit our website at www.softnettechnology.com for more information or for Investor Relations, please contact the company directly at 866-898-4842 (local 908-204-9911) James M. Farinella, CEO.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by SoftNet Technology Corp (STTC) may differ materially from these statements due to a number of factors. STTC assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
NeoMedia's Sponge Chosen for Coca-Cola's New Sales Staff Incentive Program by BD-NTWK 8/2/2006
FORT MYERS, Fla. & LONDON, Aug 02, 2006 (BUSINESS WIRE) -- Keeping your staff motivated is one of the biggest challenges faced by many companies. So when Coca-Cola decided to test a new staff sales incentive program, it turned to agency BD-NTWK supported by Sponge, a NeoMedia Technologies, Inc. (OTC BB: NEOM) company, who together had already shown such success with their fountain sales World Cup trade promotion.
The project that BD-NTWK created, called "Kickback," is an internal sales promotion for Coca-Cola staff aimed at driving sales for particular products and getting sales teams used to seeing their mobile phone as a multi-layered form of communication.
"Sales Incentive Text to Win" is a special tool created by Sponge to manage just this kind of incentive program. Coca-Cola staff are encouraged to sell certain products during key sales periods and win points for each eligible sale. Every month Sponge will send a personalized message to each individual keeping them up to date with how many points they have earned, and letting them know how close they are to their targets.
Sarah Morgan of BD-NTWK comments: "Keeping sales teams motivated while they spend so much time out on the road can be complex. Kickback Sales Incentive tool will keep them in touch with their progress and keep the momentum of the program going."
The trial began in July and will last nine months.
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com), is a diversified global company offering leading edge, technologically advanced products and solutions for companies and consumers, built upon its solid family of patented products and processes, and management experience and expertise. Its NeoMedia Mobile group of companies offers end-to-end mobile enterprise and mobile marketing solutions, through its flagship qode(R) direct-to-mobile-web technology and ground-breaking products and services from 4 (shortly to be 5) of the USA's and Europe's leading mobile marketing providers. By linking consumers and companies to the interactive electronic world, NeoMedia delivers one-to-one, permission-based, personalized and profiled dialogue--anytime and anywhere.
About Sponge Ltd.
Sponge, a NeoMedia Technologies company (OTC BB: NEOM), is the U.K. market leader in providing mobile applications to agencies and media groups, and has gained recognition as one of Europe's top independent developers of mobile applications and content. Founded in 2001, Sponge counts among its clients more than 40 agencies, including WPP, Aegis and BBH, and supplies services to over 100 world-class brands, including Coca-Cola, Heineken, Diageo, Walker's and Lynx/Axe. Sponge also supplies a range of mobile services to media groups, including News International, Trinity Mirror, Endemol and IPC. For more information, visit www.spongegroup.com
This press release contains 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. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
qode and PaperClick are registered trademarks, and qodereader, qodewindow and One Click to Content are trademarks of NeoMedia Technologies, Inc. Other trademarks are properties of their respective owners.
SOURCE: NeoMedia Technologies, Inc.
Press NeoMedia Technologies, Inc. Martin Copus, +(239) 246-9889 or +44 7766 801818 mcopus*neom.com or The Kaminer Group David A. Kaminer, +(914) 684-1934 dkaminer*kamgrp.com or Bluebear Susie Phillips, +(44) 1707 320274 susie*bluebear.co.uk
Copyright Business Wire 2006
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SLXI (.0016) Satelinx Expanding To China Aug 2, 2006 10:00:00 AM Copyright Business Wire 2006
MONTREAL--(BUSINESS WIRE)--Aug. 2, 2006--
Satelinx (PINK SHEETS: SLXI) is in negotiations to expand into China.
With the economy in China growing and the expansion internally for the use of electronics and vehicles, Satelinx monitoring and fleet management products are needed.
From buses and taxis to police and military, Satelinx have the GPS products to equip, monitor and train in several industries how to better manage their assets.
"We hope to be installed fully in China by the first quarter of 2007, the market in China is expanding quickly, vehicle sales to the public sector have reached record numbers and with that comes the increasing problem of auto theft, We expect tremendous sales in the private sector as well as in the commercial sector. China should prove to be a major success for Satelinx" said Sam Grinfeld, Board Chairman of Satelinx Intl.
About Satelinx
Satelinx International Inc. provides satellite vehicle tracking units that integrates GSM/GPS/GPRS wireless technologies and the Internet to deliver wireless tracking and location services. Satelinx seeks to be recognized as the world leader in providing safety and security solutions on a global scale in a cost effective manner for vehicle owner, trucking or private vehicle fleet and insurance companies.
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 Satelinx International Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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DLTM (.19) SELLERSVILLE, Pa., Aug. 2, 2006 (PRIMEZONE) -- Delta Mutual, Inc. (OTCBB:DLTM) specializing in energy recovery and construction services through environmentally-friendly technologies and products, announced that its subsidiary, Delta-Envirotech, signed a Letter of Intent with SEPCO Environment (Saudi Gulf Environmental Protection Company) to supply equipment to recover silver from used X-ray film in Saudi Arabia.
The equipment purchase contract is subject to the approval of the Saudi environmental authority (PME). Arrangements are being made for PME inspectors to visit a facility in Pennsylvania in late August where this equipment is in operation. The value of the contract is estimated to be in the range of $1.3 to $1.6 million, based on the final configuration of equipment when ordered. The equipment is designed to process about 1.5 million metric tons of used X-ray film annually. Operations are anticipated to begin during the first quarter of 2007.
Peter Russo, President and CEO, commented, "We are very pleased to move forward on the August 25, 2005 agreement to provide SEPCO with technology to recover silver from used X-ray films that we announced last year. Our alliance relationship with SEPCO continues to strengthen. This has resulted in the ongoing expansion of our activities to introduce new technologies for projects that address hazardous wastes and other forms of environmental contamination."
About the Saudi Gulf Environmental Protection Company (SEPCO)
SEPCO Environment, established in 1997, was the first, and remains the only company in the Middle East to handle and process medical waste. It has set up a program for the safe handling, transportation, treatment and disposal of hazardous medical waste in a way that is permanent, environmentally responsible and affordable. SEPCO currently owns and operates three medical waste facilities in Saudi Arabia, and is moving towards achieving more success in various environmental activities. For additional information, please visit their web site at www.sepcoenv.com.
About Delta Mutual
Delta Mutual, Inc. (www.deltamutual.com) specializes in energy recovery and construction services through environmentally-friendly technologies and products which are currently operating in the Middle East and Far East. Delta employs technologies that efficiently recover energy sources from soil, water and other waste streams, while simultaneously improving existing environmental conditions. The Company also utilizes energy efficient and cost effective building material systems for construction projects.
Forward Looking Statement
This Press Release contains forward-looking statements that involve risks and uncertainties, which may include statements about business strategy and development plans, plans for entering into new business, anticipated sources of funds, including the proceeds from future operations and plans, objectives, expectations and intentions contained in this Press Release that are not historical facts. Forward looking statements include "The value of the contract is estimated to be in the range of $1.3 to $1.6 million, based on the final configuration of equipment when ordered. The equipment is designed to process about 1.5 million metric tons of used X-ray film annually. Operations are anticipated to begin during the first quarter of 2007." Risk factors associated with these forward-looking statements include: raising the necessary capital to finance the facility, government approvals, the market for crude oil, processing efficiency, doing business in Saudi Arabia and other risk factors as outlined in the Company's SEC filings. Because these forward-looking statements involve risks and uncertainties, actual results could differ materially from those discussed in this Press Release. These risks are outlined in our SEC filings.
CONTACT: Delta Mutual, Inc. Peter F. Russo, President & CEO (215) 258-2800
The Carmen Electra Prepaid MasterCard(R) and the Carmen Electra Gift MasterCard(R) Premiered on E! Entertainment Television "Daily 10" Show 8/2/2006
SAN ANTONIO, TX, Aug 02, 2006 (MARKET WIRE via COMTEX News Network) -- Payment Data Systems, Inc. (OTCBB: PYDS), an integrated electronic payments solutions provider, announced that the E! Entertainment Television channel and the "Daily 10" show aired a story on the Carmen Electra Prepaid MasterCard(R) and Carmen Electra Gift MasterCard(R) during last evening's broadcasts at 7:30pm EDT and 11:30pm EDT. The show is to be repeated today at 8:30am EDT and 12:30pm EDT.
"We are extremely pleased that E! Entertainment and the 'Daily 10' show has chosen Carmen's card as a top 10 entertainment news item of the day," said Louis Hoch President and COO of Payment Data Systems, Inc.
With the convenience of being accepted everywhere Debit MasterCard is accepted, the cards include special offers exclusive to card members. Customers can choose from a series of card designs featuring Carmen Electra. The cards can be purchased online at http://www.carmencard.com and http://www.electragift.com.
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.(R) is the bank holding company for MetaBank, MetaBank West Central, Meta Payment Systems(R), and Meta Trust Company(R). 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.
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BPMT (.11) Secures Order From Canada's Largest Retail Chain Aug 2, 2006 11:53:00 AM
NORTH HOLLYWOOD, CA -- (MARKET WIRE) -- 08/02/06 -- BioPharmetics, Inc. (PINKSHEETS: BPMT) announced the company has secured an order for their Toma® Nail polish to be placed in The Bay Company's upscale Zeller's Department stores throughout greater Canada.
"Through the dedicated work of our distribution partner, Cosmetics Based on Nature, the Toma® Nail Polish will now be available to the retail public in major department stores throughout Canada," stated Mr. Paul D. Lisenby, CEO of BioPharmetics, Inc. Mr. Lisenby adds, "We continue to manufacture quality products and this is verified by the Bay Company selecting our product to be placed in their stores. We're extremely excited about the growth of the company and have many other retailers interested in placing our products in their locations. The interest is really starting to take hold and we expect sales to increase dramatically over the next 6 months."
For more information about all of BioPharmetics, Inc. products, please visit the website at www.biopharmetics.com
About BioPharmetics, Inc. (PINKSHEETS: BPMT)
BioPharmetics, Inc. is a manufacturer and distributor of quality pharmaceutical, cosmetic, and anti-aging products. The company has three divisions: biotechnology, pharmaceuticals, and cosmetics/cosmeceuticals, working in unison to develop, manufacture, and distribute, high-quality products in the retail, wholesale, and professional markets. Brands currently offered include Toma(TM), Isseo(TM), Molo Africa(TM), Micha(TM), and Natural Angel(TM). BioPharmetics, Inc. also private labels many brands of cosmetics and cosmeceuticals for salons and retail stores as well as compounding specialized prescriptions for doctors nationwide.
Safe Harbor
This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
Contact: FutureTechIR for BioPharmetics Investor Relations (817) 812-2105 or (727) 417-9338
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SLJB (.10) Sulja Bros. Building Supplies Increases Market Share of Construction Projects in Middle East Aug 2, 2006 11:51:00 AM
WINDSOR, ON -- (MARKET WIRE) -- 08/02/06 -- Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) is meeting with Consultech Construction Management and Emaar Properties, in Germany, to finalize a major construction and supply agreement.
A Red Sea spokesperson commented: "The joint venture includes the supply of lumber and other building materials for 3 new developments in Dubai and Abu Dhabi. Sulja Brothers is expediting supply chains to meet the immediate groundbreaking."
CEO Steve Sulja stated: "This is exactly why we expanded in the Middle East and obtained a contract with the Liberian Government for lumber. Sulja Brothers' growth rate in the Middle East is astounding. This joint venture with Emaar Properties opens up possibilities for more projects in the near future and increases our market share in the Middle East."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
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DIGG (.49)to Take Initial Steps to Prepare for Possible Listing of Two Subsidiaries on a Senior Exchange Aug 2, 2006 12:12:00 PM Copyright Business Wire 2006
NEW YORK--(BUSINESS WIRE)--Aug. 2, 2006--
Digital Gas, Inc. (OTC Pink Sheets:DIGG) announced that Benelux Capital has agreed to make formal introductions of Digital Ultracap Corporation and Digital Sofcell Corporation to certain of its investment and legal contacts. The process is expected to lead to an application to list on AIM, the London Stock Exchange's international market for smaller growing companies. Since its launch in 1995, over 2,400 companies have joined AIM - raising more than GBP 30bn in the process, both through initial public offerings (IPO's) and further capital raisings. Each subsidiary will initially seek $50 million in pre-IPO capital that will be used to commence commercial operations in 2007 with breakthrough products.
Digital Gas anticipates that all major utilities will use Digital Ultracap's mass storage systems to reduce their current power generation requirements. Energy experts estimate that power generation capacity could be reduced as much as twenty percent through the mass deployment of an efficient energy storage device. Such a device would also alleviate grid bottleneck problems and provide for better emergency backup power.
For the residential and commercial market, Digital Ultracap will introduce new state-of-the-art home air conditioning units in 2007 that will be less expensive than standard air conditioners, produce zero noise levels inside and outside the home, as well as consume the absolute lowest possible amounts of electrical power. These systems will be assembled using environmental friendly and recyclable materials. They will provide reduced humidity and will cool any given outside temperature by at least 17 degrees. The units are maintenance-free and produce zero emissions. The Digital Ultracap units will even function during a temporary blackout when combined with the company's breakthrough ultracapacitor technology.
Digital Sofcell will be introducing a wide range of breakthrough products over the next several years, including a low cost direct carbon fuel cell system that can burn coal and similar fuels without the emissions normally associated with a typical coal burning power plant. These units will be "micro FutureGens" and will have a combined heat and power efficiency of approximately ninety percent, which is almost double that of the US Government sponsored FutureGen program.
AIM is renowned worldwide for having a regulatory framework and approach uniquely suited to smaller companies. International companies recognize the unparalleled access to the global investment community and capital-raising possibilities that come from having their securities quoted and traded in London. Such capital-raising possibilities and global investor reach is expected to launch Digital Ultracap and Digital Sofcell on a path to attaining potential multi hundred million dollar market capitalizations.
"In our view, both Digital Ultracap and Digital Sofcell feature compelling products and technologies in their respective industries and we are pleased to assist them attain this potential," said Mark Watson, Managing Director of Benelux Capital.
About Benelux Capital Energy Group
Benelux Capital's Energy Group is focused on identifying and introducing equity capital for exceptional management teams in the energy sector as well as secured financings of private and public energy companies with emphasis on cash flow and collateral coverage.
Digital Gas and its subsidiaries can benefit from Benelux Capital Energy Group's expertise and extensive industry network in the following target sectors: Oil and Gas Exploration and Production; Midstream (gathering, processing, transmission and storage); Refining; Power Generation/Distribution and Energy Infrastructure; Oilfield Services; Pipelines/Storage; Oil and Gas Transportation; Drilling and Completion; Renewable/Clean Energy and Alternative Power and International Energy Opportunities in all sub-sectors.
Source: Digital Gas, Inc.
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Digital Gas Inc. Brian Smith 732-927-4073
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GRGR (.59) Announces Stock Buy Back Aug 2, 2006 12:34:00 PM
NEW YORK, NEW YORK -- (MARKET WIRE) -- 08/02/06 -- Green Energy Resources (PINK SHEETS: GRGR) will resume its stock buy back program. The program was initiated on March 1stn but was suspended when share prices neared $1 dollar in April of this year. CEO Joseph Murray stated, current share value offers a unique opportunity to re -acquire company stock. The stock re-purchase program is expected to take effect immediately. Green Energy Resources has generated profits in its first two years of operation, and posted profits in the 1st and 2nd qtrs of 2006.
In other company news, Green Energy Resources Urban Tree Certification System (UTCS ) has generated over 100 visits per day to its redesigned website and over 2000 hits per day from around the world daily. The new software will begin to generate revenues for the company in 2006 and is projected to earn the company upwards of $11 million dollars in 2007.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
Contacts: Green Energy Resources Joseph Murray (631) 375-7921 joe.murray*greenenergyresources.com www.greenenergyresources.com
Worldwide Financial Marketing, Inc. USA Investor Relations Int'l: 1 (954) 360-9998 or Nat'l: 1 (866) 360-9998 Info * wwfinancial.com www.wwfinancial.com
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Cyberlux Introduces the FocusOn Light to Nationwide Distribution PR Newswire - August 02, 2006 12:48 The FocusOn(TM) illuminates real estate "For Sale" signs and is a key addition to a growing LED product line for consumers
RESEARCH TRIANGLE PARK, N.C., Aug 02, 2006 /PRNewswire-FirstCall via COMTEX/ -- Cyberlux Corporation (OTC Bulletin Board: CYBL), a leading provider of LED lighting solutions, announced today a new addition to its growing product line -- the FocusOn(TM). FocusOn(TM) is a patent-pending solid-state lighting product designed to illuminate "For Sale" signs at night so that home sales continue after dark.
"This is a dynamic addition to our product line and is a value-added sales tool for property owners and real estate brokerage companies. The product has been previewed with major retailers and selected franchised real estate brokerages. The FocusOn will be sold in hardware stores and home improvement outlets for use by property owners and direct to residential real estate brokerages for agency sales," said Mark D. Schmidt, president and chief operating officer of Cyberlux. "With our recent distribution announcements for our other state-of-the art products, the introduction of the FocusOn furthers our commitment to gain momentum in consumer and commercial markets."
The FocusOn(TM) operates on 4 D-Cell batteries, lighting both sides of the sign. Using a microprocessor controlled timer, the lights operate for 4 hours per night for more than 30 days on one set of batteries. The FocusOn(TM) features two light heads that fold out to an optimum lighting distance from the sign's face and contain two super-bright energy-efficient solid-state LEDs that illuminate the sign. The unit is encased in a waterproof cylinder that is secured to the horizontal sign support with a clamp channel and plastic tie straps.
About Cyberlux Corporation
Cyberlux Corporation (OTC Bulletin Board: CYBL) has created breakthrough LED lighting technology that provides the most energy efficient and cost effective lighting solutions available today for consumer, commercial and military uses. The ReliaBright products are designed to address emergencies such as power outages or critical security lighting needs. The Aeon products bring the newly developed, virtually heatless light into the home for use in closets, cabinet interiors and under cabinet lighting for kitchen counters. The Military and Homeland Security products deliver unique, covert, and advanced visible lighting capability for threat detection, force and asset protection. Cyberlux uses solid-state semiconductors, trademarked as its diodal(TM) lighting elements, which consume 75% less energy than incandescent lighting elements and perform for over 20 years in contrast to 750 hours for conventional bulbs. For more information, please visit http://www.cyberlux.com.
Public Relations Contact: Kelly Cinelli, CWR Partners / 508-222-4802 kelly*cwrpartners.com
Investor Contact: Equity Relations, Inc. Richard Brown, 617-314-7379
This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors, including, but not limited to, the Company's ability to raise the capital required in completing the acquisition proposed. The Company's business is subject to significant risks and uncertainties discussed more thoroughly in Cyberlux Corporation's SEC filings, including but not limited to, its report on Form 10-KSB for the year ended December 31, 2005 and its 10-QSB for the quarter ended March 31, 2006. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE Cyberlux Corporation
Public Relations, Kelly Cinelli of CWR Partners, +1-508-222-4802, or kelly*cwrpartners.com, or Investors, Richard Brown of Equity Relations, Inc., +1-617-314-7379, both for Cyberlux Corporation
Butler National Corporation Reports Fourth Quarter and Fiscal Year End Financial Results and Conference Call 8/2/2006
The Company Just Completed Its Fifth Consecutive Profitable Year
OLATHE, Kan., Aug 02, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Butler National Corporation (OTC Bulletin Board: BUKS) filed its Annual Report for the year ending April 30, 2006, on Form 10-K pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. The Company has scheduled a conference call Thursday, August 3 at 9:00 AM Central Daylight Time.
What: Butler National Corporation Fourth Quarter and Fiscal Year End Results Conference Call
When: Thursday, August 3 - 9:00 AM Central Daylight Time
How: Live via phone by dialing 800-624-7038. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.
Clark Stewart, President & CEO, Butler National Corporation, will be leading the call and discussing results of the fourth quarter and year end financial results, the status of existing and new business, and an outlook on fiscal 2007.
Historical selected financial data related to all operations:
Year Ended April 30 Quarter Ended April 30 (In thousands except (In thousands except per share data) per share data)
2006 2005 2004 2006 2005 2004 Net Sales $15,307 $23,390 $10,122 $3,072 $5,276 $3,109 Operating Income 937 2,794 908 187 858 318 Net Income 366 2,446 735 15 774 251 Per Share Net Income .01 .06 .02 .00 .02 .01 Total Assets 18,138 17,279 12,666 18,138 17,279 12,666 Long-term Obligations 1,844 2,089 1,528 1,844 2,089 1,528 Shareholders' Equity 9,829 9,319 6,657 9,829 9,319 6,657 Weighted Average Shares - Diluted 52,694 40,361 48,382 52,694 40,361 48,382 New Product Research and Development Cost 1,558 1,354 1,654 416 439 462 nr = not reported
Management Comments:
"This has been another successful year for Butler National. We continued to deliver strong sales numbers in 2006. The $15,307,000 of revenue generated in 2006 was the second highest revenue number in the company's history. We will take on the opportunity to improve the profitability in the delivery of high-value "Classis Aviation" products that meet our customers' critical needs.
We continued our focus on Classic Aviation Products. We expensed 10% of sales on product development and showed a profit during a tough but improving year in the aerospace industry. We just completed our fifth profitable year, April 30, 2006. We continue to work on new products to stabilize our long- term revenues.
We believe we will sell and install approximately 50 to 100 Lear 20 & 30 series RVSM kits during the next two years. In addition to the RVSM sales, we expect to experience some increase in our base modification sales. As the economy grows, aircraft owners may elect to update, modify, and purchase business aircraft. A shift to business aircraft ownership from commercial airline travel would positively impact our aircraft modification revenues.
Sales from the Avionics decreased 5.4%, from $3,057,784 in fiscal 2005, to $2,894,086 in fiscal 2006. This decrease is directly related to sales of defense products. Operating profits increased from a $143,332 loss in fiscal 2005 to income of $292,761 in fiscal 2006. This increase in profit was a direct result of a reduction in research and development costs. Management expects this business segment to significantly increase in future years due to the addition of new fuel system protection devices like the TSD and GFI, the expansion of weapon systems, and our growth of other classic aviation and defense products.
As of July 7, 2006, our backlog is in excess of $15.8 million. This backlog reflects our product development efforts and the related potential results. Our challenge is to ship the backlog and further take advantage of these new products. However, because of our major investment in product development required to continue these new products, we may not always maintain smooth and continuous quarterly profits.
In an effort to control our insurance costs and maintain quality health care coverage for our employees, our health insurance policy became self funded on April 1, 2006, as the Butler National Corporation Employee Health Care Plan. The Plan has contracted with a managed care network of medical providers whose members have agreed to charge the Plan reduced or discounted fees for covered services provided to our employees and their families.
We are moving confidently into 2007 and believe we are well positioned for the future as we focus on serving the needs of our customers and enhancing shareholder value," commented Clark D. Stewart, President of the Company.
Our Business:
Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for Boeing 737 and 747 Classic aircraft, switching equipment for Boeing/Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Raytheon business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, Indian gaming services and administrative management services.
Forward-Looking Information:
The information set forth above may include "forward-looking" information as outlined in the Private Securities Litigation Reform Act of 1995. The Cautionary Statements and Risk Factors, filed by the Company as Exhibit 99 to the Company's Annual Report on Form 10-K and Section 1A of Form 10-K, are incorporated herein by reference and investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.
FOR MORE INFORMATION, CONTACT: Craig D. Stewart, Investor Relations Ph (214) 498-7775 Butler National Corporation Fax (913) 780-5088 19920 W. 161st Street Olathe, KS 66062
Jim Drewitz, Public Relations Ph (972) 355-6070 jdrewitz*comcast.net
THE WORLDWIDE WEB:
Please review http://www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.
SOURCE Butler National Corporation
investor relations, Craig D. Stewart of Butler National Corporation, +1-214-498-7775, or fax, +1-913-780-5088; or public relations, Jim Drewitz, +1-972-355-6070, or jdrewitz*comcast.net , for Butler National Corporation http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved.
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