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OGHC (.07) Announces Reverse Split, New Ticker Symbol Company Expects Improved Capital Structure and More Senior Investment Interest Aug 9, 2006 4:00:00 PM
CONCORD, Ontario, Aug. 9 /PRNewswire-FirstCall/ -- On The Go Technologies Group (OTC Bulletin Board: OGHC), a leading multi-industry computer hardware, software and systems integrator, announced a 1-for-50 reverse split of the company's common stock. The reverse split, effective as of market open Thursday, August 10, 2006, will reduce the number of outstanding shares. The company believes this will result in a higher price per share. The board of directors recently amended the company's restated Certificate of Incorporation to actualize the split. The company's ticker symbol will change to (OTC Bulletin Board: ONGO).
On The Go President and Chief Executive Officer, Stuart Turk said, "We believe a reverse split is in the shareholder's best interest at this point in the company's business path. The new capital structure is more appropriate to an entity with a rapidly accelerating operational status such as ours, as evidenced by a record revenue flow of more than $30 million for the year ended July 31, 2006 as well as our anticipated growth in the year ahead. We believe such a consolidation will increase the cachet and marketability of our stock by appealing to new retail and larger institutional investors and decrease the volatility of the share price."
"The executive team at On The Go believes this change will not only open the door to more diversified and serious investment interest, but will also ensure a better position to make successful acquisitions that will further fuel our growth."
About On The Go Technologies Group
On The Go Technologies Group is a North American corporation focused on acquiring versatile and profitable companies in the IT sector. OTG has established itself as a respected industry competitor through its six divisions: value-added resellers Compuquest and Infinity Technologies, which cater to Fortune 1000 clientele and vendors such as HP, Apple, IBM, SGI, Extreme Networks and Adobe; Helios|Oceana, a prominent systems integrator in the U.S. and Canadian entertainment and education industries; Island Corporation, compiling sophisticated digital solutions and networks for the medical community; digital entertainment authority Solutions in Computing; and Go Motion + Design, the company's complete in-house multimedia studio. The company's intention is to maintain sustained growth in the years to come via continued development in its existing divisions and an aggressive acquisition schedule. For more information, visit http://www.oghc.com or http://www.onthegohealthcare.com/video .
This press release contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements contain words such as "expects," "believes," "anticipates" and "intends." Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, economic conditions affecting the B2B environment; continued ability to obtain hardware, software and peripherals at competitive costs; the company's ability to finance its planned expansion efforts; the company's ability to manage its planned growth; and changes in regulations affecting the company's business and such other risks disclosed from time to time in the company's reports filed with the Securities and Exchange Commission. The company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management's expectations, except as required by law.
SOURCE On The Go Technologies Group
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Company Contact: Al Kau California +888-795-3166 al*thesearchforvalue.com; or Investor Relations: Frank N. Hawkins Jr. or Julie Marshall +1-305-451-1888 info*hawkassociates.com both of Hawk Associates Inc. for On The Go Technologies Group
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SHPI (.51) Reports Record Revenues and is Profitable for the Second Quarter Aug 9, 2006 4:00:00 PM Copyright Business Wire 2006
BOUNTIFUL, Utah--(BUSINESS WIRE)--Aug. 9, 2006--
Specialized Health Products International, Inc. ("SHPI") (OTCBB: SHPI), a manufacturer and marketer of proprietary safety medical devices, today announced consolidated financial results for the three and six-month periods ended June 30, 2006.
Second quarter highlights are as follows (financial comparisons are to second quarter 2005):
-- Revenues more than doubled to $3.4 million
-- Manufactured product sales increased $1.6 million or 175% to $2.5 million
-- Company reported net income of $228,000, an improvement of $716,000
-- Merger with The Med-Design Corporation closed on June 2, 2006
-- Cash and cash equivalents increased to $7.1 million and all debt is extinguished
Total revenues for the second quarter of 2006 were $3.4 million, representing a 102% increase compared to $1.7 million reported for the second quarter of 2005. Manufactured product sales increased 175% to $2.5 million and accounted for 75% of total revenue. Royalties from licensed products increased 29% to $527,000. SHPI revenue streams contributed $3.0 million of total revenue in the second quarter. Consolidated results include approximately one month of sales from Med-Design manufactured products and royalties from licensed products, which contributed $384,000 of total revenue in the quarter.
Gross profit for the quarter was $2.2 million, representing a 94% increase compared to the second quarter of 2005 and a 65% gross profit margin. SHPI reported net income of $228,000 for the quarter, an improvement of $716,000 compared to a net loss of $488,000 reported in the second quarter of 2005. Net income for the second quarter of 2006 was breakeven on an earnings per diluted share basis compared to a net loss of $(0.01) per diluted share for the same period last year.
Revenues for the six months ended June 30, 2006 were $5.4 million, an increase of 62% compared to $3.3 million reported for the same period in 2005. Manufactured product sales increased 128% to $3.9 million and accounted for 73% of total revenue for the six-month period. Royalty revenue was flat compared to the first six months of 2005 at $962,000. SHPI reported a net loss of $315,000 or $(0.01) per diluted share for the six months ended June 30, 2006, compared to a net loss of $706,000 or $(0.02) per diluted share for the same period in 2005.
"The second quarter marked a turning point for SHPI," commented Jeff Soinski, President and Chief Executive Officer. "We achieved our first $3 million revenue quarter and transitioned the company to profitability on a GAAP accounting basis. We also completed our acquisition of Med-Design and substantially completed our integration, so that we can immediately start to benefit from the significant cost-savings associated with the merger. With the strong growth of our manufactured products, driven primarily by the success of our MiniLoc(TM) Safety Infusion Set product line launched in the second half of last year, and the addition of the Med-Design revenue streams, we believe we are well-positioned to continue to deliver profitable growth in the coming quarters."
"We are off to a strong start in the third quarter. We are experiencing continued strength in our safety infusion set product lines, have added new OEM customers for our SecureLoc(TM) Safety Introducer Needle launched at the end of last year, and have fully completed the Med-Design integration," continued Mr. Soinski. "During the quarter, we have also re-launched the SafeStep(R) Huber Needle Set brand acquired from Med-Design and have begun a product optimization program."
"We expect to begin shipping two new manufactured product lines in the third quarter under exclusive supply agreements with large corporate customers," added Mr. Soinski. "Bard Access Systems recently received FDA marketing clearance for PowerLoc(TM), a power-injectable safety infusion set designed to be used in conjunction with Bard's exciting new PowerPort(TM) product line. Under our agreement, we will manufacture the PowerLoc(TM) Safety Infusion Set product line for Bard and supply it to them on an OEM private label basis. We also expect to begin shipping bone marrow biopsy needles to Tyco Healthcare during the quarter. We will initially manufacture and supply conventional product to Tyco based upon an enhanced ergonomic design, and follow with proprietary safety product offerings once FDA marketing clearance is obtained."
"We had previously projected 70% to 80% revenue growth in 2006 on a combined company basis compared with SHPI's stand alone revenue in 2005," said Mr. Soinski. "Based upon our performance in the first half of the year, we now believe that we can deliver 80% to 90% revenue growth in 2006 for total revenue of $12.6 to $13.3 million this year. In addition, we expect to be profitable on a GAAP accounting basis and cash flow positive from operations in 2006."
Conference Call
SHPI will conduct a conference call to discuss second quarter and first half 2006 financial results on Thursday, August 10, 2006, at 4:30 p.m. Eastern time. Investors can participate in the conference call live by dialing (800) 230-1096 in the U.S. and (612) 288-0337 internationally. In addition, the call will be webcast live and available for playback within one hour of completion of the call through a link on the SHPI's website at www.shpi.com. A replay of the call will also be available for one week after the event by dialing (800) 475-6701 in the U.S. and (320) 365-3844 internationally and entering access code: 838517.
About Specialized Health Products International, Inc.
Specialized Health Products International, Inc. ("SHPI") is a leading developer, manufacturer and marketer of proprietary disposable medical devices for clinician and patient safety. SHPI has developed multiple safety needle products based upon a broad intellectual property portfolio that applies to virtually all medical needles used today. SHPI manufactures and markets certain products, including three of the leading brands in the safety Huber needle market, under its own label. It licenses or supplies other products to leading manufacturers and marketers in the global disposable medical products industry, including Tyco Healthcare, Bard Access Systems, and BD Medical. In June 2006, SHPI merged with The Med-Design Corporation, another leading technology provider in the safety medical needle space. For more information about SHPI, visit the company's website at www.shpi.com.
This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic conditions, risks in product and technology development, the effect of the Company's accounting policies and other risk factors detailed in the Company's SEC filings. These factors and others could cause operating results to vary significantly from those in prior periods and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included on certain forms the Company files with the Securities and Exchange Commission.
(Financial Tables Follow)
SPECIALIZED HEALTH PRODUCTS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Three Months Ended Six Months Ended ----------------------- ----------------------- Revenue: June 30, June 30, June 30, June 30, 2006 2005 2006 2005 ----------- ----------- ----------- ----------- Product sales $2,540,161 $924,139 $3,930,009 $1,722,706 Product royalties 526,806 409,752 961,617 966,364 Technology fees and license revenues 49,167 69,953 98,334 268,859 Development fees and related services 252,057 261,974 406,072 367,775 ----------- ----------- ----------- ----------- Total revenues 3,368,191 1,665,818 5,396,032 3,325,704
Operating expenses: Research and development (2006 excludes amortization of deferred compensation of $109,855 and $219,709; 2005 excludes $108,832 and $215,620) 831,541 707,344 1,661,833 1,378,577 Sales and marketing (2006 excludes amortization of deferred compensation of $7,483 and $13,176; 2005 excludes $4,770 and $8,118) 342,771 238,071 623,131 461,141 General and administrative (2006 excludes amortization of deferred compensation of $211,396 and $422,791; 2005 excludes $210,506 and $419,235) 431,116 335,932 809,596 670,340 Amortization of deferred compensation 328,897 324,108 655,674 639,434 ----------- ----------- ----------- -----------
Income (loss) from operations 241,317 (481,163) (270,079) (691,570) ----------- ----------- ----------- -----------
Other income (expense): Interest income 29,354 2,475 29,471 5,864 Other income (expense) (42,987) (9,581) (71,302) (16,660) ----------- ----------- ----------- -----------
Total other income (expense), net (13,633) (7,106) (41,831) (10,796) Income/franchise tax - - (3,435) (3,539) ----------- ----------- ----------- -----------
Net income (loss) $227,684 $(488,269) $(315,345) $(705,905) =========== =========== =========== ===========
Basic net income (loss) per common share $.00 $(.01) $(.01) $(.02) =========== =========== =========== ===========
Basic weighted average number of common shares outstanding 51,302,747 44,582,473 47,984,807 44,520,693
Diluted net income (loss) per common share $.00 $(.01) $(.01) $(.02) =========== =========== =========== ===========
Diluted weighted average number of common shares outstanding 51,302,747 44,582,473 47,984,807 44,520,693
SPECIALIZED HEALTH PRODUCTS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS
ASSETS June 30, December 31, ------ 2006 2005 (Unaudited) (Audited) ------------ ------------ Current assets: Cash and cash equivalents $ 7,073,729 $ 707,222 Accounts receivable, net 2,456,997 1,577,715 Inventory, net 1,212,918 618,490 Prepaid expenses and other 528,730 58,190 ------------ ------------ Total current assets 11,272,374 2,961,617 ------------ ------------
Property and equipment, net of accumulated depreciation and amortization of $1,087,860 and $985,760, respectively 1,211,048 886,141
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UCPI (.66) Signs Multi-Million Dollar Agreement with a $10 Billion Company for a Multi-Well Drilling Program Aug 9, 2006 4:05:00 PM Copyright Business Wire 2006
HOUSTON--(BUSINESS WIRE)--Aug. 9, 2006--
Unicorp, Inc. (OTCBB:UCPI) announced today that it has signed a multi-well drilling contract with a global $10 billion company. This agreement will allow Unicorp to begin drilling its backlog of prospects and accelerate its drilling program.
"We are pleased to have entered into this agreement and secured this multi-well drilling commitment," stated Arthur Ley, COO of Unicorp. "We have been in negotiations with several companies and finally decided that this was the best solution for us to accelerate the drilling of our backlog of prospects and utilize this rig as an entry into new prospects."
About Unicorp
Unicorp, Inc. is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.
Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements, including the company's ability to successfully acquire oil and gas properties and drill commercial wells. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about Unicorp's future business and financial results, refer to Unicorp's Annual Report on Form 10-KSB for the year ended December 31, 2005 and Form 10-QSB for the quarter ended March 31, 2006. Unicorp undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.
Source: Unicorp, Inc.
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Unicorp Inc. Houston Carl A. Chase 713-402-6717 Investors*unicorpinc.net
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NATK (.31)Announces Significant Revenue Growth Revenues for the First Half of 2006 More Than Doubled From the First Half of 2005 Aug 9, 2006 4:16:00 PM
MARSHALL, Texas, Aug. 9 /PRNewswire-FirstCall/ -- TieTek, the national leader in composite crossties and a subsidiary of North American Technologies Group, Inc. (OTC Pink Sheets: NATK) ("NATK"), announced today its financial results for the second fiscal quarter of 2006. For the fiscal quarter ended June 26, 2006, revenue increased to $4.45 million from revenues of $1.92 million in the first quarter of 2006. The total revenue of $6.4 million through the first half of the year is more than double the $2.9 million in revenues in the first half of 2005, and represents significant growth over the $5.2 million in revenue earned during the entire year in 2005. The primary drivers for the growth were an increase in production at the Marshall facility, and an increased price per tie to account for an increase in the cost of raw materials.
Net loss for the quarter ended June 26, 2006 increased to $4.25 million from a net loss of $3.05 million in the first quarter of 2006. One-time expenses incurred in Q2 included an inventory write-down of $466,000, $188,000 associated with relocating our Houston facility, and $146,000 for non-cash stock option expenses.
Chief Executive Officer Neal Kaufman stated, "The second quarter of 2006 demonstrates the impact of NATK's focus on product quality, improved production rates, and strong customer care. We enter the second half of 2006 with the proven capability to manufacture and distribute structural composite products for the railroad industry and broader markets."
About TieTek
TieTek, a wholly owned subsidiary of NATK, produces high-performance railroad ties. TieTek uses patented technology to consume recycled plastics, used tires and other mineral fillers to produce composite parts that are a longer-lasting alternative to hardwood in structural applications. The Company's securities are quoted in the over-the-counter market under the symbol "NATK". The Company's website is found at: http://www.tietek.com .
Contact: North American Technologies Group, Inc. Joelle Gropper, Investor Relations jgropper*natk.com (713) 462-0303, x107
SOURCE North American Technologies Group, Inc.
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investor relations Joelle Gropper of North American Technologies Group Inc. +1-713-462-0303 ext. 107 or jgropper*natk.com
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RLTR (.06) ReelTime TV to Launch Online September 12th Aug 9, 2006 4:17:00 PM
SEATTLE, WA -- (MARKET WIRE) -- 08/09/06 -- ReelTime Rentals, Inc., http://www.reeltimetv.net (PINKSHEETS: RLTR), the first broadband network offering a true full screen, DVD quality, "point, click and watch" online television experience, today announced that their online service would launch on September 12, 2006. There will be a closed beta launch on August 24th to identify any existing bugs, with the site completely open and fully functional to the public on September 12th.
"Our much-anticipated launch is the fulfillment of a dream to bring full DVD quality video over the web with the capacity to serve a mass audience," said Barry Henthorn, CEO of ReelTime. "We invite everyone to take 'The ReelTime Challenge.' Go to any and all of our competitors and watch the quality of their video, then come to ReelTimetv.net and watch content on our player. Blow it up to the largest television screen in your home and there will be no question left in anyone's mind as to who has the best quality picture and where you want to go to watch it -- www.reeltimetv.net. The paradigm is shifting and we expect to be the one standing in the end," commented Barry Henthorn.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that forward-looking statements involve risks and uncertainties. Although ReelTime Rentals, Inc. believes the assumptions underlying forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there is no assurance that forward-looking statements included herein will prove to be accurate, and inclusion herein should not be regarded as a representation by ReelTime Rentals, Inc. or other persons that objectives and plans of ReelTime Rentals will be achieved
CONTACT: P.R. Richard Lewis (818) 973-2754
I.R. Michael Gersh (206) 219-6889
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MSRM (.26) Gets Excellent Results on EnCana Oil Cuttings Aug 9, 2006 4:20:00 PM
WEST BERLIN, N.J., Aug. 9 /PRNewswire-FirstCall/ -- Mobilestream Oil (OTC Pink Sheets: MSRM) has successfully tested samples given by EnCana (a NYSE listed company) for the Fort McMurray area in Alberta, Canada, for oil cuttings. The sample results using Mobilestream Oil's technology were at a level of 0.01%. According to industry sources, until now no one has been able to reduce the contaminants in cuttings to the level of 0.01%. These lab results have been confirmed by Intertek, a third party that has labs in Houston, Texas.
Mobilestream's technology can reduce the contaminants to 0.01%, thus, the contaminants can be disposed of on-site. This could result in significant savings averaging around ($300-$600 dollars per ton) to the oil drilling industry.
With an enterprise value of approximately US $50,000,000,000, EnCana is one of North America's leading natural gas producers, is among the largest holders of gas and oil resource lands onshore North America and is a technical and cost leader in the in-situ recovery of bitumen.
About Mobilestream
Mobilestream Oil, Inc. is an innovative oil and natural gas exploration company focused on using our proprietary technologies for reverse polymerization and pyrolysis of materials and to maximize the output of under- utilized and non-producing oil wells in order to squeeze out every last ounce of production. Increasing prices continue to make primary and less conventional methods for extracting oil more cost-effective, and while Mobilestream Oil is relatively small compared to some of the larger players in the industry, our size is our advantage as we feel we can more quickly and effectively capitalize on expeditious opportunities. Using these same proprietary technologies, Mobilestream has successfully broken down tires into the tires' component parts, capturing for resale virtually all of the raw materials used to manufacture the tires.
This news release contains forward-looking statements regarding Mobilestream's business strategies and future plan of operations. Forward- looking statements involve known and unknown risks and uncertainties. The company's risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties and the need to raise additional capital for growth and expansion. The forward-looking statements contained in this news release speak only as of the date hereof and Mobilestream disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Mobilestream's expectations or future events.
Contact:
Mobilestream Oil, Inc. Phone: (856) 767-2450 Fax: (856) 767-2490 inquire*mobilestreamoil.com
SOURCE Mobilestream Oil, Inc.
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Mobilestream Oil Inc. +1-856-767-2450 or fax +1-856-767-2490 or inquire*mobilestreamoil.com
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QTII (.33) Projects Strong U.S. Sales for iPMine Following Enactment of the MINER Act Into Law Aug 9, 2006 4:45:00 PM
VANCOUVER, BC -- (MARKET WIRE) -- 08/09/06 -- QuadTech International, Inc. (OTCBB: QTII) (FRANKFURT: QI9), a global provider of leading-edge Internet and IP-based technology solutions for the mining industry, confirmed today that President George W. Bush's recent enactment of the Mine Improvement and New Emergency Response ("MINER") Act of 2006 into law has validated the company's intent to deploy iPMine -- a true two-way wireless mine-safety system used to track, monitor, and communicate with miners and equipment both underground and above ground -- in the United States.
Heralded as the most significant mine-safety legislation in nearly 30 years, the MINER Act represents the first revisions to federal mine safety laws since the Federal Mine Safety and Health Act (MSHA) of 1977. The MINER Act builds upon efforts by MSHA to improve mine safety nationwide, and calls for the modernization of safety practices and development of enhanced communication technology.
One of the key provisions of the MINER Act requires coal companies to implement a two-way communications and electronic tracking system in all of their mines within three years. QuadTech management believes this represents a tremendous business opportunity for the company, and projects that the new legislation will contribute significantly to strong U.S. sales activity and increased revenue for QuadTech over the next three years, as the company deploys its iPMine technology.
"Recent tragic events in the United States and abroad have dramatically underscored the importance of implementing a true two-way wireless mine-safety system, such as our iPMine technology, in coal mines around the world," said QuadTech CEO John Meier. "We need to do everything we can to continue to improve safety in the mining industry so miners can return home to their families at the end of their shifts. iPMine provides tools to locate miners in virtually any size mine and assist in search and rescue efforts to mitigate loss of life in mining accidents. We are extremely excited about the new legislation and the opportunity this represents for our company."
About iPMine
iPMine is a real-time two-way wireless communications solution designed to significantly improve the safety of miners and equipment in virtually any size mine. iPMine tracks, monitors, and communicates with miners and equipment underground and above ground. Location information of both miners and equipment is collected and displayed live on one or more monitoring stations against a background of a mine's terrain map.
iPMine's scalability and flexibility features make it ideal to be deployed in any size mine supporting multiple levels and/or sites. iPMine's redundant communications feature makes the system highly reliable to efficiently operate in the harsh mining environment.
About QuadTech International, Inc.
QuadTech International, Inc. is a global provider of leading-edge Internet and IP-based technology solutions. It owns the exclusive worldwide sales and marketing rights for the iPMine System and aims to create value for its shareholders by making iPMine the leading global safety product for the mining industry. QuadTech also develops partnerships and/or acquires control in high-growth, small to medium sized companies and solutions that support its technology-driven business focus. For more information, please visit www.quadtechint.com.
Safe Harbor -- This press release includes forward-looking statements that involve risks and uncertainties, including but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect QuadTech International, Inc. future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.
Contact: Panascope Capital 818-882-7722
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DFDR (.20)Commences Private Label Branding Program Aug 9, 2006 5:09:00 PM Copyright Business Wire 2006
NEW YORK--(BUSINESS WIRE)--Aug. 9, 2006--
Diamond Ranch Foods, Ltd. (Pink Sheets:DFDR), a custom meat processing and distribution conglomerate, reported today that its private-label branding program is underway.
Louis Vucci, Jr., President of Diamond Ranch Foods, Ltd., stated "We are pleased to announce that corned beef and pastrami will be the first of many items packaged under the 'Diamond Ranch Foods' private label. The Company plans on rolling out many additional products throughout the year as it continues its private-label branding program. We believe that branding our products and getting the Diamond Ranch Foods name out to the masses is of paramount importance to the Company's future growth plans. We know our products portray a high quality image. When consumers think of Diamond Ranch Foods, they think of quality," continued Mr. Vucci.
"Consumers have choices in the marketplace. We are making every effort to focus on developing our own brand's awareness and loyalty. When consumers hear the name Diamond Ranch Foods, we aim to be the recognized and obvious choice over any competitor because of the high quality standards we use in the production and manufacturing of our products. As our brand name grows, it provides an excellent avenue of future growth into the retail consumer arena. As stated in our shareholder update last month, we are currently experiencing record profitability and anticipate adding significant revenue in the third and fourth quarters resulting in record revenues for the 2006-2007 fiscal year. We are broadening and expanding our product lines and bringing in higher profit margin items It is our ultimate goal to see the Diamond Ranch Foods label in supermarkets, neighborhood delis, and warehouse clubs across the eastern seaboard," added Mr. Vucci.
About Diamond Ranch Foods, Ltd.
Diamond Ranch Foods, Ltd., a processor and distributor of meats and fresh cut portion controlled poultry, is located in the historic Gansevoort meatpacking district in lower Manhattan, NY. Operations include packing, processing, labeling and distribution of products. The company's diversified customer base includes in-home food service businesses, retailers, hotels, restaurants, and institutions, deli and catering operators and industry suppliers. Specific customers include Madison Square Garden, TGI Friday's, Sloan Kettering Hospital, and the Hilton Group (OTC:HLTGY). The company also provides portion controlled meats, custom meat cutting, and private labeling.
Safe Harbor Forward-Looking Statements
Statements contained in this release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward-looking statements are made based on information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the company and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
BrandPartners Group Announces 2006 Second Quarter and 6 Month Results Conference Call 8/9/2006
ROCHESTER, N.H., Aug 09, 2006 (BUSINESS WIRE) -- BrandPartners Group, Inc. (BPTR), a provider of integrated products and services dedicated to providing financial services and traditional retail clients with turn-key environmental solutions, today announced that James F. Brooks and Suzanne Verrill, BrandPartners' Chief Executive Officer and Chief Financial Officer, will host a conference call to discuss the Company's financial results for the second quarter and 6 month period ended June 30, 2006 on Tuesday, August 15th at 2:00pm EDT.
Anyone interested in participating should call 1-877-318-5455 if calling within the United States or 1-973-935-2967 if calling internationally approximately 5 to 10 minutes prior to 2:00 p.m. Participants should ask for the BrandPartners Second Quarter and Six Month Financial Results conference call. There will be a playback available until August 22, 2006. To listen to the playback, please call 1-877-519-4471 if calling within the United States or 1-973-341-3080 if calling internationally. Please use the pass code 7728784 for replay.
This call is being webcast by ViaVid Broadcasting and can be accessed at BrandPartners website at http://www.bptr.com. The webcast may also be accessed at ViaVid's website at http://www.viavid.net. The webcast can be accessed through September 15, 2006 on either site. To access the webcast, you will need to have the Windows Media Player on your desktop. For the free download of the Media Player, please visit: http://www.microsoft.com/windows/windowsmedia/en/download/default.asp
BrandPartners Group, Inc., through its wholly owned subsidiaries BrandPartners Retail, Inc, Grafico Incorporated, Building Partners, Inc. and BrandPartners Europe Ltd. provides an integrated approach to customer environments through brand translations, business strategy, design-build services, retail display and in-branch communications products and services, from concept and design through implementation and training. BrandPartners installations are in more than 1,800 companies at more than 28,000 retail locations. The company serves domestic and international markets from its Rochester, N.H. home office, New York design studio, regional U.S. account directors and its London-based office.
Cautionary Language
Statements in this news release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registrations statements filed with the Securities and Exchange Commission.
SOURCE: BrandPartners Group, Inc
Alliance Advisors, LLC Alan Sheinwald, 914-244-0062 asheinwald*allianceadvisors.net
Copyright Business Wire 2006
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DPAC Technologies Reports Financial Results for the Second Quarter of Fiscal Year 2006 8/9/2006
HUDSON, Ohio, Aug 09, 2006 (BUSINESS WIRE) -- DPAC Technologies Corp. (OTCBB:DPAC), a leader in device networking and connectivity solutions, today reported results for its second quarter ended June 30, 2006.
These results include the combined operations of DPAC Technologies Corp. and QuaTech, Inc. which combined on February 28, 2006 as previously announced. As a result of the merger, QuaTech has become a wholly-owned subsidiary of DPAC. For accounting purposes, the transaction is considered a "reverse merger" under which QuaTech is considered the acquirer of DPAC. Accordingly, the purchase price was allocated among the fair values of the assets and liabilities of DPAC, while the historical results of QuaTech are reflected in the results of the combined company (the "Company"). The results of operations are those of QuaTech prior to the merger date, and combined QuaTech and DPAC after the merger date of February 28, 2006.
Second Quarter Operating Results
For the second quarter of 2006, net sales were $3.5 million, up 36% from net sales of $2.6 million in the second quarter of 2005, and up 9% from net sales of $3.2 million in the first quarter of 2006. Net sales related to the Company's Device Connectivity products increased by $200,000, or 8%, and net sales related to the Company's Device Networking products, including the Airborne(TM) wireless product line, increased by $733,000, or 685% over the quarter ended June 30, 2005. The Company reported an operating profit of $97,000 as compared to $302,000 for the second quarter of 2005 and an operating loss of $52,000 for the first quarter of 2006. The Company's net loss for the current year second quarter totaled $296,000 as compared to net income of $92,000 for the prior year's second quarter, and a net loss of $246,000 for the first quarter of 2006. Total operating expenses incurred in the second quarter of 2006 of $1.5 million increased by $600,000 over the previous year period. The increase was the result of incremental costs, primarily personnel related, in Sales & Marketing of $126,000 and R&D of $112,000, incurred to support the Airborne wireless product line; amortization expense of $122,000 for intangible assets acquired in the merger; and an increase in General & Administrative expenses of $254,000. Interest expense of $382,000 for second quarter of 2006 included non-cash charges totaling $219,000, for the amortization of deferred financing costs and the accretion of success fees and discount on the subordinated debt. Additionally, the company recorded a non-cash charge of $163,000 for the accretion of the liability for warrants.
Six Months Operating Results
Net sales for the first six months of 2006 were $6.7 million, up 47% from net sales of $4.5 million in the same period of 2005. Net sales related to the Company's Device Connectivity products increased $928,000, or 22%, and net sales related to the Company's Device Networking products, including the Airborne wireless product line, increased by $1.2 million, or 470% over the six months ended June 30, 2005. The Company reported an operating profit of $45,000 as compared to $335,000 for the 2005 period. The Company's net loss for the current year period totaled $543,000 as compared to net income of $11,000 for the prior year period. Interest expense of $715,000 for the first six months of 2006 included non-cash charges totaling $393,000, for the amortization of deferred financing charges discounts and the accretion of success fees and discount on the subordinated debt. Additionally, the company recorded a non-cash charge of $164,000 for the accretion of the liability for warrants.
Balance Sheet Summary
At June 30, 2006, DPAC had total assets of $13.2 million, including cash and cash equivalents of $28,000. This compares to total assets of $7.6 million at December 31, 2005, which included $11,000 in cash and cash equivalents. As a result of the merger, the Company recorded goodwill and intangible assets of approximately $5.1 million.
Comments
Chief Executive Officer and President Steve Runkel commented, "I am pleased with our Q2 results. Our sequential revenue growth of 9% and year-over-year growth of 36% was in line with our objectives."
Mr. Runkel continued, "We continue to make good progress in becoming a leading provider of industrial 802.11 solutions for the machine-to-machine (M2M) market as evidenced by the 31% sequential growth and 685% year-over-year growth of our Device Networking products. In addition, we continue to add design wins in the transportation, telematics and medical product markets."
Conference Call
Management of DPAC will host a conference call on August 10, 2006 at 10:00 a.m. Eastern/7:00 a.m. Pacific to discuss DPAC's financial performance for the second quarter of fiscal year 2006. The conference call will feature Chief Executive Officer Steve Runkel and Chief Financial Officer Steve Vukadinovich. To participate on the live call, please dial (866) 814-8485 toll free. A phone replay will be available for 72 hours (beginning two hours after the completion of the conference call) by dialing (888) 266-2081 and entering the Passcode 948711.
About DPAC Technologies
DPAC Technologies provides embedded 802.11 wireless networking products for machine-to-machine communication applications. DPAC's Airborne(TM) and AirborneDirect(TM) wireless products are used by major OEMs in the transportation, instrumentation and industrial control, homeland security, medical diagnostics and logistics markets to provide remote data collection and control. DPAC Technologies is based in Hudson, OH. The Company's web site address is www.dpactech.com. Information concerning DPAC is filed by DPAC with the SEC and is available on the SEC website, www.sec.gov.
About QuaTech
QuaTech, Inc., a wholly-owned subsidiary of DPAC, delivers high performance device networking & connectivity solutions to help companies improve their bottom line performance. QuaTech enables reliable machine-to-machine (M2M) communications via secure 802.11 wireless or traditional wired networks with industrial grade (hardened) embedded radios, modules, boards and external device servers and bridges. For local and mobile connections, QuaTech serial adapters provide secure connectivity and port expansion via any interface option. Satisfied customers rely on our unique combination of performance and support to improve bottom line performance through real-time remote monitoring & control, streamlined systems and lower total cost of ownership (TCO). QuaTech markets its products through a global network of distributors, resellers, systems integrators and original equipment manufacturers (OEMs). Founded in 1983, QuaTech is headquartered in Hudson, Ohio, and merged with DPAC Technologies, Inc. in February 2006. www.quatech.com.
Forward-Looking Statements
This press release includes forward-looking statements. You can identify these statements by their forward-looking words such as "may," "will," "expect," "anticipate," "believe," "guidance," "estimate," "intend," predict," and "continue" or similar words or any connection with any discussion of future events or circumstances or of management's current estimates or beliefs. Forward-looking statements are subject to risks and uncertainties, and therefore results may differ materially from those set forth in those statements. More information about the risks and challenges faced by DPAC Technologies Corp. is contained in the Securities and Exchange Commission filings made by the Company on Form S-4, 10-K, 10-Q or 10-QSB and 8-K. DPAC Technologies Corp. specifically disclaims any obligation to update or revise any forward-looking statements whether as a result of new information, future developments or otherwise.
- tables to follow -
DPAC TECHNOLOGIES CORP. Condensed Consolidated Balance Sheet Information (Unaudited) (In 000's) June 30, December 31, 2006 2005 -------- ------------CURRENT ASSETS: Cash and cash equivalents $28 $11 Accounts receivable, net 1,842 1,330 Inventories 1,748 1,633 Prepaid expenses and other current assets 183 119 -------- ------------ Total current assets 3,801 3,093Property, net 452 282Goodwill and intangible assets 8,896 4,196Other assets 56 - -------- ------------TOTAL $13,205 $7,571 ======== ============CURRENT LIABILITIES: Notes payable $84 $- Revolving credit facility 1,400 1,175 Current portion of long-term debt 310 1,125 Accounts payable 1,799 1,284 Accrued restructuring costs - current 555 - Other accrued liabilities 501 591 -------- ------------ Total current liabilities 4,649 4,175Deferred tax liability 31 324Accrued restructuring costs 427 -Long-term debt, net of current portion 4,516 1,773Net stockholders' equity 3,582 1,299 -------- ------------TOTAL $13,205 $7,571 ======== ============ DPAC TECHNOLOGIES CORP. Condensed Consolidated Statement of Income (Unaudited) (in 000's) For the quarter ended: For the six months ended: June 30, June 30, ---------------------- ------------------------- 2006 2005 2006 2005 ---------- ----------- ------------ ------------REVENUE $3,496 $2,563 $6,690 $4,538COST OF GOODS SOLD 1,929 1,391 3,668 2,448 ---------- ----------- ------------ ------------GROSS PROFIT 1,567 1,172 3,022 2,090OPERATING EXPENSES Sales and marketing 542 416 1,145 785 Research and development 261 150 526 313 General and administrative 544 290 1,064 629 Amortization of intangible assets 123 14 164 28 Restructuring charges - - 78 - ---------- ----------- ------------ ------------ Total operating expenses 1,470 870 2,977 1,755INCOME FROM OPERATIONS 97 302 45 335OTHER EXPENSES: Interest expense 381 148 715 290 Accretion of warrant liability 164 - 164 - Miscellaneous expense - 16 - 28 ---------- ----------- ------------ ------------TOTAL OTHER EXPENSES 545 164 879 318 ---------- ----------- ------------ ------------INCOME (LOSS) BEFORE INCOME TAXES (448) 138 (834) 17INCOME TAX (PROVISION) BENEFIT 152 (46) 291 (6) ---------- ----------- ------------ ------------NET INCOME (LOSS) $(296) $92 $(543) $11 ========== =========== ============ ============NET INCOME (LOSS) PER SHARE: Net Income (Loss) - Basic and diluted $0.00 $0.00 ($0.01) $0.00 ========== =========== ============ ============WEIGHTED AVERAGE SHARES OUTSTANDING:Basic 92,775 42,016 75,885 42,016 ========== =========== ============ ============Diluted 92,775 65,339 75,885 65,339 ========== =========== ============ ============ SOURCE: DPAC Technologies Corp.
DPAC Technologies Corp. Steve Vukadinovich, Chief Financial Officer, 714-898-0007 Steve.Vukadinovich*dpactech.com or Steve Runkel, Chief Executive Officer, 330-655-9000 Steve.Runkel*Quatech.com
Copyright Business Wire 2006
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IElement Corporation Announces First Quarter Renewals 8/9/2006
DALLAS, Aug 9, 2006 (PRIMEZONE via COMTEX News Network) -- IElement Corporation (OTCBB:IELM) (Frankfurt:SZQ1) (Frankfurt:IELM), a nationwide provider of advanced communications services and Voice over Internet Protocol (VoIP) solutions, announced today that its fiscal first quarter (ending June 30) customer renewal and new sales numbers beat expectations for the fourth straight quarter and totaled $601,018. The company will earn this contracted revenue over the next 12-36 months and this amount does not represent or approximate the company's aggregate revenue in any particular quarter.
Renewing customers comprised a vast majority of the fiscal first quarter new sales and renewals for a total of $443,842. We believe this shows the customers' satisfaction with IElement's first class customer service and growing line of business solutions.
In addition to customer renewals, IElement secured $157,176 in contracted revenue with new customers during the quarter.
The customer renewal and new sales numbers DO NOT represent or approximate IElement's revenue and are strictly to be used as an evaluation of how effectively the company is retaining customers and generating new business. The company will release its fiscal first quarter revenue numbers in its quarterly 10-Q filing with the SEC this week.
IElement is a facilities-based nationwide communications service provider that provides state-of-the-art telecommunications services to small and medium sized businesses ("SMBs"). IElement provides broadband data, voice and wireless services by offering integrated T-1 lines as well as a Layer 2 Private Network and VOIP solutions. These solutions provide SMBs with dedicated internet access, customizable business solutions for voice, data, wireless, internet, and secure communications channels between the SMB offices, partners, vendors, customers and employees without the use of a firewall or encryption device. IElement has a network presence in 18 major markets in the United States, including facilities in Los Angeles, Dallas and Chicago.
This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our limited operating history; (2) our ability to pay down existing debt; (3) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (4) unforeseen costs and expenses; (5) potential litigation with our shareholders and/or former or current investors; (6) the Company's ability to comply with federal, state and local government regulations; and (7) other factors over which we have little or no control.
Chyron's Second Quarter 2006 Revenues Increase 48% and Net Income Increases Ten Fold over Prior Year's Comparable Quarter 8/9/2006
MELVILLE, N.Y., Aug 09, 2006 (BUSINESS WIRE) -- Chyron Corporation (OTCBB: CYRO) announced that for its second quarter, the Company generated net income of $1.7 million on revenues of $8.6 million. For the first half of 2006 the Company reported net income of $1.2 million on revenues of $13.4 million.
Second quarter revenues of $8.6 million were $2.8 million or 48 percent higher than the $5.8 million reported for the comparable prior year's quarter. The revenues included approximately $0.2 million in sales from the Company's ChyTV product line. Revenues of $13.4 million for the first six months were $1.6 million or 14 percent higher than the $11.8 million reported for the first six months of 2005.
The $1.7 million net income for the second quarter was the highest quarterly net income generated by the Company in nearly 10 years, and represented a significant improvement over the net loss of $0.2 million reported for the comparable prior year's quarter. For the first half of the year, the Company reported net income of $1.2 million, which compares to a $0.4 million net loss for the prior year's first half.
Gross margins for the second quarter were 67 percent compared to 65 percent in last year's comparable quarter, and for the first six months were 67 percent compared to 62 percent for the same period in 2005. The gross margin increases resulted from a combination of lower materials costs and product mix, with newer products providing higher average gross margins in 2006.
Operating expenses of $4.1 million for the second quarter were $0.2 million higher than the $3.9 million incurred in the second quarter of 2005, primarily due to increased spending on product development in both the broadcast graphics and ChyTV product lines. Operating expenses of $7.8 million for the first half were $0.2 million higher than the prior year's first half.
Michael Wellesley-Wesley, Chyron President and CEO, commented, "Our second quarter revenue growth and net income evidence strong year over year improvement as well as significant growth over the first quarter results. Although the second quarter benefited from orders that were delayed from the first quarter, the revenue turnaround was even stronger than I had expected and I am optimistic about the outlook for the remainder of the year. The revenue increase over the prior quarter was mainly due to strong domestic broadcast graphics systems sales. Domestic demand for these products continues at satisfactory levels and in the second half of 2006 I also expect a stronger performance in our international business as a result of new products we will showcase at the IBC tradeshow in Amsterdam in September."
"The strength in domestic demand for our broadcast graphics systems is particularly focused around our HyperX HD/SD switchable systems which offer our broadcast customers a highly flexible, scalable and cost effective migration path to high definition broadcasting. The transition to high definition television is a worldwide phenomenon with positive implication for Chyron's business. The gross margin improvement we experienced in the second quarter reflects this product mix as well as economies of scale derived from the higher sales volume. We will continue to seek out ways to increase the gross profit margin while maintaining tight control over operating expenses," added Mr. Wellesley-Wesley.
Operating profit of $1.7 million in the second quarter is after a $0.5 million operating loss by the Company's ChyTV product line. For the first half of the year, operating profit of $1.2 million is after a $0.8 million operating loss by the ChyTV product line.
Referencing ChyTV, Mr. Wellesley-Wesley commented, "I expect ChyTV revenues to grow in the second half of 2006 as we successfully win multi unit enterprise level opportunities. With the imminent rollout of ChyTV.net, we will be in a position to offer potential video and digital signage customers a full service, web based solution to distributing information and messaging across multiple locations."
At June 30, 2006 the Company had cash on hand of $2.1 million and working capital of $5.0 million. For the six months ended June 30, cash of $0.4 million was provided by operations, cash of $0.4 million was used by investing activities (primarily the purchase of a new major trade shows booth), and cash of $0.2 million was used in financing activities (primarily repayments on the Company's term loan). The Company achieved a positive shareholders' equity at June 30, 2006. The Company met its cumulative EBITDA financial covenant with its bank by a wide margin.
Webcast of Earnings Conference Call
Chyron Corporation management will host a conference call on Thursday, August 10, 2006, at 12:00 PM Eastern time, to review the quarter's results; this call will be broadcast live over the Internet simultaneously and may be accessed at www.chyron.com or www.earnings.com.
Web participants are encouraged to go to either website at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. The online archive will be available shortly after the conclusion of the call and continue for seven days.
Chyron Corporation
With unwavering clarity of vision, Chyron continues to define and dominate the world of broadcast graphics. Winner of numerous awards, including two Emmys, Chyron has proven itself as the undisputed leader in the industry. From the compact MicroX to the powerful HD/SD HyperX with Lyric PRO, Chyron's exceptional product line brings unmatched, 2D and 3D graphics creation and performance to the most demanding studio and mobile operations. Rounding out Chyron's broadcast systems are still and clip servers, channel branding and telestration systems, and CAMIO newsroom integration solutions. The ChyTV product line leverages Chyron's broadcast expertise with video graphics devices for microcasting and digital displays. Continually at the forefront of innovation, Chyron holds a patent on technology that enables the integration of live television graphics data with a broad range of interactive media platforms and consumer electronics devices. Chyron's unique, 40-year history of service and support for its products far exceeds that of most manufacturers. For more information about Chyron products and services, please visit the company web sites at www.chyron.com and www.chytv.com (OTC BB: CYRO).
Forward-looking Statement
From time to time, including in this press release, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, changes in the industry, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results to differ materially from the anticipated results or other expectations expressed in the Company's forward-looking statements. The risks and uncertainties that may affect the operations, performance, development and results of the Company's business include, without limitation, the following: product concentration in a mature market, dependence on the emerging digital market and the industry's transition to DTV and HDTV, consumer acceptance of DTV and HDTV, resistance within the broadcast or cable industry to implement DTV and HDTV technology, use and improvement of the Internet, new technologies that could render certain Chyron products to be obsolete, a highly competitive environment, competitors with significantly greater financial resources, new product introductions by competitors, seasonality, fluctuations in quarterly operating results, ability to maintain adequate levels of working capital, the viability of the OTC Bulletin Board as a trading platform and expansion into new markets.
CHYRON CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands, except per share amounts) Three Months Ended Six Months Ended June 30, June 30, 2006 2005 2006 2005 ----------------------------------Net sales $8,581 $5,782 $13,424 $11,757Gross profit 5,784 3,786 8,951 7,285Operating expenses: Selling, general and administrative 3,162 3,216 5,929 6,217 Research and development 943 683 1,846 1,409 ----------------------------------Total operating expenses 4,105 3,899 7,775 7,626 ----------------------------------Operating income (loss) 1,679 (113) 1,176 (341)Interest and other income (expense), net 0 (56) (8) (104) ----------------------------------Net income (loss) 1,679 (169) 1,168 (445)Net income (loss) per common share - basic and diluted: $0.04 $(.00) $0.03 $(.01)Weighted average number of common and common equivalent shares outstanding: Basic 41,401 41,343 41,390 41,336 Diluted 44,136 41,343 43,153 41,336 CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Dollars in thousands) June December 30, 2006 31, 2005 ------------------Assets:Cash and cash equivalents $2,066 $2,331Accounts receivable, net 6,111 4,613Inventories, net 2,410 2,492Other current assets 395 283 ------------------Total current assets 10,982 9,719Non-current assets 923 659 ------------------ Total assets $11,905 $10,378 ==================Liabilities and shareholders' equity (deficit):Current liabilities $5,979 $6,255Non-current liabilities 5,245 4,716 ------------------ Total liabilities 11,224 10,971 ------------------Shareholders' equity (deficit) 681 (593) ------------------Total liabilities and shareholders' equity (deficit) $11,905 $10,378 ================== SOURCE: Chyron Corporation
Chyron Corporation Michael Wellesley-Wesley, 631-845-2000 or Jerry Kieliszak, 631-845-2000
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American Airlines Works with Points International to Launch New Travel Program 8/9/2006
TORONTO, Aug. 9, 2006 (Canada NewsWire via COMTEX News Network) -- TrAAvel Perks to add new dimension to American Airlines AAdvantage
Program
Points International Ltd. (TSX: PTS; OTCBB: PTSEF) - owner and operator of the world's leading reward-management portal, Points.com - is pleased to announce the launch of the TrAAvel Perks(R), a new travel program developed by American Airlines and Points International for members of American's AAdvantage(R) program.
The TrAAvel Perks program provides AAdvantage(R) rewards program members with special benefits and offers that help them save time and money when they travel. These benefits include two certificates good toward domestic, coach, round-trip companion travel when a qualifying round-trip ticket is purchased, as well as a number of unique offers from leading retail, online, travel and leisure participants.
"We are very excited to work with American Airlines on this new initiative," said Points International CEO Rob MacLean. "We believe that this will bring tremendous value to AAdvantage(R) members, and it is another great example of how we continue to expand our relationship with American. We are appreciative of their continued confidence in us to deliver innovative solutions."
The TrAAvel Perks(R) program is a membership-fee-based program powered by Points International. The newly launched Web site, www.TrAAvelPerks.com, describes the benefits of membership, lists the discounts and promotional rules and includes a special, limited-time introductory membership offer.
ABOUT POINTS INTERNATIONAL LTD.
-------------------------------
Points International Ltd. is owner and operator of Points.com, the world's leading reward-program management portal. At Points.com consumers can Swap, Earn, Buy, Gift, Share and Redeem miles and points from more than 25 of the world's leading reward programs. Participating programs include American Airlines AAdvantage(R) program, Aeroplan(R), AsiaMiles(TM), Cendant TripRewards(R), Delta SkyMiles(R), Gold Points Reward Network, InterContinental Hotels Group's Priority Club(R) Rewards, and S&H greenpoints. Redemption partners include Amazon.com(R) and Starbucks.
American Airlines is the world's largest airline. American, American Eagle and the AmericanConnection(R) airlines serve 250 cities in over 40 countries with more than 3,900 daily flights. The combined network fleet numbers more than 1,000 aircraft. American's award-winning Web site, AA.com, provides users with easy access to check and book fares, plus personalized news, information and travel offers. American Airlines is a founding member of the oneworld(R) Alliance, which brings together some of the best and biggest names in the airline business, enabling them to offer their customers more services and benefits than any airline can provide on its own. Together, its members serve more than 600 destinations in over 135 countries and territories. American Airlines, Inc. and American Eagle Airlines, Inc. are subsidiaries of AMR Corporation. AmericanAirlines, American Eagle, AmericanConnection, AA.com and AAdvantage are registered trademarks of American Airlines, Inc. (NYSE: AMR)
Steve Yuzpe, CFO, Points International Ltd., (416) 596-6382, steve.yuzpe*points.com; For investor relations: Allyson Pooley, Integrated Corporate Relations, (310) 954-1100, Allyson.Pooley*icrinc.com; For inquiries: Christopher Barnard, President, Points International Ltd., (416) 596-6381, christopher.barnard*points.com; Billy Sanez, Corporate Communications, American Airlines, (817) 967-1577, corp.comm*aa.com Copyright (C) 2006 CNW Group. All rights reserved
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BETHESDA, Md., Aug 09, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- MobilePro Corp. (OTC Bulletin Board: MOBL) announced that it generated $23,342,786 in revenue in the quarter ended June 30, 2006. Normalized EBITDA loss was $(1,211,730) for the quarter.
For the first fiscal quarter ended June 30, 2006, the company reported a net loss of $(4,737,507), or $(0.0082) per share, compared to net income of $419,191, or $0.001 per share on a diluted basis, in the same quarter a year ago. Net loss for the quarter included a restructuring charge of $303,671, non-cash stock compensation (including stock options under FAS 123R) of $485,091 and a non-cash goodwill impairment charge of $348,118. Excluding these charges, net loss was $(3,600,627), or $(0.0062) per share.
Detailed operating results will be provided in the company's Form 10-Q that will be filed with the Securities and Exchange Commission today. The form will be viewable at http://www.hawkassociates.com/mobilepro/sec.htm.
Jay Wright, MobilePro chairman and CEO, said, "While we saw our top line show some improvement year over year, we clearly have more work to do to continue stripping cost out of our business and to generate more organic growth in our operating divisions. We have made some strides in that direction, but the effects of those initiatives were not adequate, in my view, in the June quarter. We implemented some additional cost cuts at the end of June, which will start to help our bottom line beginning this quarter, and are aggressively looking at other cost reductions. After quarter end, we also landed a substantial contract in our business CLEC Division due to the excellent work of Doug Bethell and his team. We believe that this contract should have a small positive impact in the September quarter to our top and bottom lines and a larger impact in the December quarter. We are looking at some additional material revenue-generating opportunities that we hope to take advantage of in our second quarter.
"On a go-forward basis, we continue to execute on our wireless business plan. Jerry Sullivan, MobilePro president and Kite Networks CEO, and his team are everything we hoped for when we acquired Kite Networks earlier this year. They have made Tempe a model wireless city, and our subscriber numbers have grown by double-digit percentages every month. At our current pace of growth, we expect that Tempe will be a net cash contributor to MobilePro in fiscal 2008. While we have been relatively quiet on announcements of new cities recently, our pipeline of business opportunities is brimming, in terms of new cities and ways to generate revenue from our existing cities. Jerry and I look forward to discussing some of these initiatives and providing an update on our financing strategy and other important corporate developments at our annual stockholders' meeting on August 18."
The shareholder meeting will be held at 10 a.m. Friday, August 18 at the Bethesda Marriott Suites, 6711 Democracy Blvd., Bethesda, MD, 20817.
MobilePro Corp., based in Bethesda, Md., is one of North America's leading wireless broadband companies. The company serves more than 260,000 total customer lines throughout the United States, primarily through its CloseCall America, AFN and Kite Network subsidiaries. For more information about MobilePro, contact MobilePro CEO Jay Wright at (301) 315-9040, e-mail: jwright22*closecall.com, or visit http://www.mobileprocorp.com .
For investor relations information regarding MobilePro, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info*hawkassociates.com . An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com .
Forward-Looking Statements: Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements," which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward- looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. See the company's Form 10-KSB for the fiscal year ended March 31, 2006 and its Form 10-Q for the quarter ended June 30, 2006 for a discussion of such risks, uncertainties and other factors. These forward- looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
SOURCE MobilePro Corp.
Jay Wright, CEO of MobilePro Corp., +1-301-315-9040, or, jwright22*closecall.com http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved
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BETHESDA, Md., Aug 09, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- MobilePro Corp. (OTC Bulletin Board: MOBL) announced that it generated $23,342,786 in revenue in the quarter ended June 30, 2006. Normalized EBITDA loss was $(1,211,730) for the quarter.
For the first fiscal quarter ended June 30, 2006, the company reported a net loss of $(4,737,507), or $(0.0082) per share, compared to net income of $419,191, or $0.001 per share on a diluted basis, in the same quarter a year ago. Net loss for the quarter included a restructuring charge of $303,671, non-cash stock compensation (including stock options under FAS 123R) of $485,091 and a non-cash goodwill impairment charge of $348,118. Excluding these charges, net loss was $(3,600,627), or $(0.0062) per share.
Detailed operating results will be provided in the company's Form 10-Q that will be filed with the Securities and Exchange Commission today. The form will be viewable at http://www.hawkassociates.com/mobilepro/sec.htm.
Jay Wright, MobilePro chairman and CEO, said, "While we saw our top line show some improvement year over year, we clearly have more work to do to continue stripping cost out of our business and to generate more organic growth in our operating divisions. We have made some strides in that direction, but the effects of those initiatives were not adequate, in my view, in the June quarter. We implemented some additional cost cuts at the end of June, which will start to help our bottom line beginning this quarter, and are aggressively looking at other cost reductions. After quarter end, we also landed a substantial contract in our business CLEC Division due to the excellent work of Doug Bethell and his team. We believe that this contract should have a small positive impact in the September quarter to our top and bottom lines and a larger impact in the December quarter. We are looking at some additional material revenue-generating opportunities that we hope to take advantage of in our second quarter.
"On a go-forward basis, we continue to execute on our wireless business plan. Jerry Sullivan, MobilePro president and Kite Networks CEO, and his team are everything we hoped for when we acquired Kite Networks earlier this year. They have made Tempe a model wireless city, and our subscriber numbers have grown by double-digit percentages every month. At our current pace of growth, we expect that Tempe will be a net cash contributor to MobilePro in fiscal 2008. While we have been relatively quiet on announcements of new cities recently, our pipeline of business opportunities is brimming, in terms of new cities and ways to generate revenue from our existing cities. Jerry and I look forward to discussing some of these initiatives and providing an update on our financing strategy and other important corporate developments at our annual stockholders' meeting on August 18."
The shareholder meeting will be held at 10 a.m. Friday, August 18 at the Bethesda Marriott Suites, 6711 Democracy Blvd., Bethesda, MD, 20817.
MobilePro Corp., based in Bethesda, Md., is one of North America's leading wireless broadband companies. The company serves more than 260,000 total customer lines throughout the United States, primarily through its CloseCall America, AFN and Kite Network subsidiaries. For more information about MobilePro, contact MobilePro CEO Jay Wright at (301) 315-9040, e-mail: jwright22*closecall.com, or visit http://www.mobileprocorp.com .
For investor relations information regarding MobilePro, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info*hawkassociates.com . An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com .
Forward-Looking Statements: Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements," which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward- looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. See the company's Form 10-KSB for the fiscal year ended March 31, 2006 and its Form 10-Q for the quarter ended June 30, 2006 for a discussion of such risks, uncertainties and other factors. These forward- looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
SOURCE MobilePro Corp.
Jay Wright, CEO of MobilePro Corp., +1-301-315-9040, or, jwright22*closecall.com http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved
-------------------- The difference between genius and stupidity is that genius has its limits
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CORRECTING and REPLACING Human BioSystems' CEO, Harry Masuda to be Featured on SubPennyRadio.com 8/9/2006
PALO ALTO, Calif., Aug 09, 2006 (BUSINESS WIRE) -- First graph, third sentence of the release dated August 7, 2006 should read: Human BioSystems, the developer of preservation platforms for organs and platelets, recently signed a letter of intent to enter into the BioFuels business through the acquisition of two ethanol production facility projects (sted Human BioSystems, the developer of preservation platforms for organs and platelets, recently signed a letter of intent to enter into the BioFuels business through the acquisition of two ethanol plants).
The corrected release reads:
HUMAN BIOSYSTEMS' CEO, HARRY MASUDA TO BE FEATURED ON SUBPENNYRADIO.COM
Human BioSystems (OTCBB:HBSC), announced today its CEO, Harry Masuda will be interviewed on SubPennyRadio.com at 10:00 AM Eastern Time, August 11, 2006. Mr. Masuda will answer questions about their Blood Platelet and Human Donor Organ Preservation Platforms and their recent announcement to move into the BioFuels Sector. Human BioSystems, the developer of preservation platforms for organs and platelets, recently signed a letter of intent to enter into the BioFuels business through the acquisition of two ethanol production facility projects. The Palo Alto based Company, has made significant progress in its nine-year history to maximize their zone of responsibility for the health and welfare of the people and their environments.
The interview will be at 8:00 PM EDT August 14, 2006. This broadcast is available to anyone from any internet-connected computer. The interview will also be looped as part of the archive throughout the following day, August 15th. Beginning August 14th the interview will be accessible as a podcast from SubPennyRadio.com.
Shareholders and interested parties can submit their questions prior to the interview to Simon at: interviews*subpennyradio.com.
SubPennyRadio is a commercial-free, interactive broadcast offering listeners exclusive interviews with subject-matter experts, insight into enterprising companies, and detailed technical analysis. The show scans the trading field covering well-known companies to undiscovered market gems trading on the US stock exchange and OTC/OTCBB. For additional information: http://www.subpennyradio.com.
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, results from ongoing research and development as well as clinical studies, failure to obtain regulatory approval for the Company's products, if required, failure to develop a product based on the Company's technology, failure of any such products to compete effectively with existing products, the inability to find a strategic partner or to consummate a relationship with a potential strategic partner on acceptable terms, and other factors discussed in filings made by the Company with the Securities and Exchange Commission.
SOURCE: Human BioSystems
For Human BioSystems, Palo Alto Concept Communications James Caldwell, 727-447-0514 jc*conceptcg.com
Copyright Business Wire 2006
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Lyric Jeans and EMI Music Publishing Join Forces for Luxury Apparel Line
By Market Wire Last Update: 8/10/2006 6:45:11 AM Data provided by
LOS ANGELES, CA, Aug 10, 2006 (MARKET WIRE via COMTEX) -- Lyric Jeans, Inc. (PINKSHEETS: LYJN), a cutting-edge premium clothing company, has entered into a licensing agreement with EMI Music Publishing, the world's largest and most creative music publisher. As part of the deal, Lyric Jeans will use the publisher's extensive catalog as inspiration for the lyric-driven premium denim wear. Songs in the catalogue include such hits as, "Rebel, Rebel," "Daydream Believer," "Stop in the Name of Love," "What's Goin On" and "Material Girl."
"The timeless words of these songs have touched and influenced so many people for decades. We are honored to be able to offer millions of fans around the world the opportunity to make a fashion statement by wearing apparel inspired by some of the greatest songwriters of all time," said Hanna Rochelle Schmieder, President of Lyric Jeans. "EMI Music Publishing has a tremendous music catalog and we're excited to be working with them to create new revenue streams for their songwriters," she continued.
Robert Flax, President of EMI Music Publishing U.S., commented: "We're delighted to be involved with Lyric Jeans. We have a very proactive approach to licensing our catalog. In today's world, a great publisher has to become a global agent for their songwriters' property in many new arenas. EMI Music Publishing is constantly searching for new mediums to utilize its incredible compositions. Lyric Jeans is an exciting, high quality concept and we are happy to be involved in this venture."
Lyric Jeans is a music-driven premium clothing line involving lyrical content on jeans, denim wear and accessories. Each pair of jeans reflects the personality, style and flare of the artist and song through its design. With the vision of fusing the world of music with fashion, Lyric Jeans employs a cutting-edge design strategy allowing consumers to express themselves stylishly through song lyrics.
The premium denim market has grown in the last five years by tapping into the enthusiastic behavior of teens and young women seeking the perfect pair of jeans. Over the last few years, the premium denim industry has exploded and now accounts for 5% of the $12 billion retail consumer market.
About Lyric Jeans
Lyric Jeans is the innovator and manufacturer of premium denim wear characterized by a cutting-edge design strategy driven by music and song lyrics. Through the unique fusion of fashion and music, Lyric Jeans utilizes titles from all genres of music as inspiration for the brand, thereby appealing to a cross-section of various tastes and interests and enabling it to market its products on a worldwide platform. The company's strength is in its relationships with the music industry and its ability to access the Hollywood community, tastemakers and trend-setters. www.lyricjeans.com
About EMI Music Publishing
EMI Music Publishing is the world's most creative music publisher with more than one million copyrights including some of the best known songs ever written: "New York, New York," "Over The Rainbow" and "Singin' In The Rain." Its current hit-making writers and producers include: Arctic Monkeys, Black Eyed Peas, Natasha Bedingfield, James Blunt, Kelly Clarkson, Daddy Yankee, Jermaine Dupri, Eminem, Enya, Gorillaz, Jay-Z, Alicia Keys, Daniel Powter, Eros Ramazzotti, Kanye West and Pharrell Williams. www.emimusicpub.com
Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding Lyric Jeans, Inc. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending, Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Lyric Jeans, Inc. does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Unico, Inc. Announces Agreement to Acquire Additional Utah Lease on the Clyde and Crown Point Mineral Claims
Issued Tuesday August 8, 10:15 am ET
SAN DIEGO, CA--(MARKET WIRE)--August 8, 2006--Unico, Incorporated (OTC BB: UNCN), a natural resource company in the precious metals mining sector, today announced that its wholly owned subsidiary, Deer Trail Mining Company, Inc., has signed an agreement to acquire an additional mining lease in Piute County Utah for the purpose of conducting mine exploration, evaluation, and mining activities on the leased property.
The lease is a 33-acre property, which includes the patented Clyde and Crown Point mineral claims, located directly southwest of the Deer Trail Mill site in the Mount Baldy Mining District. The Clyde claim was originally staked in the 1880s when silver and gold ore was discovered on the hillside. Shortly thereafter, the Crown Point claim was staked, partially overlapping the Clyde.
Under terms of the agreement, Deer Trail Mining Company will hold the leased premises for the purpose of exploring, evaluating and mining all kinds of minerals and ores for a period of approximately two years from the July 31, 2006 effective date of the lease agreement. The Deer Trail Mining Company has the right to extend the term of the agreement for up to fifty consecutive additional one year periods by giving the lease holder written notice of the Deer Trail Mining Company’s election to extend on or before July 31 of each year, beginning in 2008.
In consideration for the rights given under the agreement, the Deer Trail Mining Company agreed to pay the lease holder an amount equal to three percent of the gross sales proceeds from all ore, concentrates, and all other productions of mineral resources extracted from the claims.
“This acquisition is significant for several reasons, not the least of which is to again demonstrate Unico’s commitment to its subsidiary operations in the area of the Deer Trail Mine,” stated Mark A. Lopez, chief executive officer of Unico, Inc. “We expect to be there for a long time, and with the expected completion of the mill and processing facility located at the Deer Trail Mine, it only makes sense for Unico to pursue additional favorable acquisition opportunities as they present themselves.
“Historical information from the two claims, as well as recent in-house analysis, has led us to believe that a significant amount of economically extractable mineral could exist on this lease, and we look forward to the opportunity to explore the possibilities as part of our ongoing efforts to build value for Unico shareholders. An in-depth sampling program is scheduled during the coming weeks and depending on the results of that program, drilling may be scheduled for early next year,” added Mr. Lopez.
Unico is financing the reconstruction of the mill and processing facility at the Deer Trail Mine for the purpose of improving the efficiency and capacity of future operations at the facility as the company begins processing stockpiled material currently present on the property. The facility will be utilized to process material harvested from future mining programs at the Deer Trail Mine, stockpiled and subsequently mined material from the other Unico subsidiaries, and similar material from additional acquisitions, such as this lease.
Once the mill is operational, and material from these properties is processed, the concentrates will be sold in fulfillment of the company’s five-year purchase contract with PGM, LLC, a private subsidiary of Polymet Corporation.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company’s website at www.uncn.com/IR/mailinglist.asp.
About Unico, Inc. Unico, Inc. (OTC BB: UNCN) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. For more information, please visit www.uncn.com.
Forward-Looking Statements This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
Contacts: Gemini Financial Communications for Unico, Inc. A. Beyer 951-587-8072 investors*uncn.com www.uncn.com
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Press Release Source: Plasticon International, Inc.
Plasticon Announces Webcast of Pro Mold, Inc. Factory Tour, Which Details Quality Control Practices and Provides Strength Test Demonstration Thursday August 10, 8:30 am ET
LEXINGTON, KY--(MARKET WIRE)--Aug 10, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) announced today that the Company has released video footage of a tour of the Pro Mold, Inc. facility, which gives the public and Plasticon's shareholders a detailed account of new quality control practices in place at Pro Mold, provides a strength test demonstration of Plasticon's revolutionary slab bolster product (one of the Company's patented recycled plastic rebar support products), and shows the official handing over of the keys to Plasticon International, Inc. Pro Mold, Inc. is a wholly-owned subsidiary of Plasticon International, Inc. In addition, the recently announced audio taped webcast interview with CEO Jim Turek and Senior Consultant Bill Howe is now available at xxx.The Green Baron. xxx. "This is really a thrilling moment for Plasticon," said Jim Turek, President and CEO of Plasticon International, Inc. "In 2006, through the Pro Mold facility, we have controlled the manufacturing process from start to finish, which has led to outstanding production efficiencies and vastly improved quality control. I am happy to report that along with those improved manufacturing processes, we have had a corresponding improvement in revenues in the first two quarters of 2006. We encourage our shareholders and the public to view the footage by clicking on the link below. We believe that anyone who views this footage will be impressed by the quality control practices that Pro Mold, Inc. has in place. We will continue to strive to be an industry leader in quality control. Additionally, we encourage shareholders to review the strength test of Plasticon's revolutionary slab bolster product, which is demonstrated by Pro Mold plant manager Gary Gutterman. In the demonstration, the slab bolster holds approximately 3,000 pounds sitting across four points of the slab bolster, and it does not break or crash under the weight and pressure. We believe that Pro Mold, Inc. has tremendous potential for continued growth going forward, and we look forward to continuing to improve operations at the facility."
Video footage of the Pro Mold, Inc. facility can be seen by clicking on the following link: XXX.webcasting.com/plasticon/. There are four links provided on that page, including exterior footage of the Pro Mold, Inc. facility, the official handing over of the keys to Mr. Turek, a Plant Tour which details quality control and manufacturing processes, and finally a strength test demonstration of Platicon's revolutionary slab bolster product.
An additional webcast of comments from John Murphy, President of Pro Mold, Inc. regarding revenues from the first two quarters of 2006, and the delivery of the two state-of-the-art Toyo injection molding machines will be available in the next several days.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally-friendly, using recycled plastics to produce its line of products.
FORWARD-LOOKING STATEMENTS:
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS". FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. IN SOME CASES FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY'S PLANS, GOALS AND, THE BUSINESS STRATEGY OF THE COMPANY AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER ESTABLISHED COMPETITORS, TECHNOLOGICAL CHANGES THAT MAY LIMIT THE ABILITY OF THE COMPANY TO MARKET AND SELL ITS PRODUCTS AND SERVICES OR ADVERSELY IMPACT THE PRICING OF THESE PRODUCTS AND SERVICES. ANY ONE OR MORE OF THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Contact: Plasticon International, Inc.: Jim Turek President and CEO 3288 Eagle View Lane, Suite 290 Lexington, Kentucky 40509 web site: http://www.plasticonintl.com
Contact Investor Relations: Andrea Cox Ph: 866 843 2775
-------------------------------------------------------------------------------- Source: Plasticon International, Inc.
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WNBD (.115) Dirt Race Tracks Go Enviro Winning Brands Launches TrackMoist(TM) to Rave Reviews
BARRIE, ON -- (MARKET WIRE) -- 08/10/06 -- Winning Brands Corporation (PINKSHEETS: WNBD) announced today that field trials for its natural dust suppressant have been positive with the result that its proprietary TrackMoist(TM) solution is being launched in North America immediately. The innovative liquid product is applied to dirt racetracks and other environments where blowing particulate matter is unwanted. The product is added to water to lengthen the time that the ground retains moisture. The final decision to release TrackMoist(TM) came at the 2006 Canadian Street Nationals in Barrie, Ontario, Canada, when thousands of participants and spectators experienced a significant decline in ambient dust compared to last year. The difference was the application of Winning Brands' TrackMoist(TM) solution into the water used to wet the track and grass.
Winning Brands (http://www.WinningBrands.ca) CEO Eric Lehner notes that some people may be surprised to learn that the number of dirt racetracks of various kinds is increasing faster than paved tracks. "In the coming year we will focus on building a base of selected sites to set a new standard of convenience for those customers," he stated. "We will then build on that foundation with marketing initiatives of various kinds to the rest of the market." He estimated that TrackMoist(TM) has a worldwide market of U.S. $50 Million annually.
Winning Brands Sales Manager Lorne Kelly points out that TrackMoist(TM) has an important advantage over calcium and calcium hybrids that burn grass. "It was a pleasure to be able to spray TrackMoist(TM) everywhere without worry," Winning Brands technical leader for the project, Shabir Lalany, commented, "The fact that this product is not considered a hazardous material under the applicable government workplace regulations is a major convenience for all end users." Tom Sturgess, Manager of the Barrie Event Centre grounds during the Canadian Street Nationals, was very impressed. "TrackMoist(TM) was easy to mix and apply. I noticed a substantial improvement in controlling dust. I would certainly recommend it."
TrackMoist(TM) is manufactured in North America by Winning Brands Corporation's subsidiary Niagara Mist Marketing Ltd. The product has been quietly under development as part of the company's "Special Solutions Team." This is an initiative to solve problems in substantial niche areas that do not by themselves constitute a single mass market, but in aggregate provide a sizable future business which is stabilized against economic downturns through strategic diversity.
Winning Brands feels that the long-term potential of TrackMoist(TM) may be profound if it can diminish a growing effect of global warming on large tracts of land -- increased moisture loss from soil due to accelerated evaporation. Lehner cautions that the global warming use merely illustrates the scope of possibilities and must still be studied before being incorporated into business projections.
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Winning Brands Corporation (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; and (iii) competitive factors and developments beyond the Company's control. Release 12[1}.
Adrenaline Nation Entertainment Retains Greenberg Traurig, LLP for Representative in Negotiations With Interactive TV Service Providers
PrimeZone via COMTEX
Aug 10, 2006 9:00:43 AM
CLEARWATER, Fla., Aug 10, 2006 (PRIMEZONE via COMTEX News Network) --
Adrenaline Nation Entertainment, Inc. (Pink Sheets:ADNL), which produces Adrenaline Nation TV, the leading channel for cutting edge independent music TV, independent and short films and adrenaline sports, today announced that it has retained Greenberg Traurig LLP to represent it in all dealings with interactive TV Service Providers.
"I am very pleased to formally announce our representation by Greenberg Traurig," said Keith Dressel, CEO of Adrenaline Nation Entertainment, Inc. "I have worked with the principals for over 20 years now and know it to be the pre-eminent law firm in the entertainment industry. The firm has represented CMA and Grammy Award winners and has a great deal of experience in negotiating agreements between program content providers and digital cable, broadband and IPTV service providers."
Greenberg Traurig offers a global entertainment practice combined with intellectual property, new media, corporate and litigation experience. The members of the practice are highly focused on new directions and trends in the entertainment and music industry and strive to help clients achieve their business objectives rather than focusing only on legal issues.
ANTV premieres the hottest new cutting-edge music in the world, the coolest and most innovative independent and short films, mixed with the top up-and-coming stars of adrenaline sports. Adrenaline Nation TV's (ANTV) programs including "Bubbling Under" which features the best music from the hottest artists bubbling under the charts, and other programs such as "Paovae X," "Pressure Block" and "Thunder Juice," which showcase the hottest new independent bands, music videos and artists. In addition, viewers will enjoy the coolest and most innovative independent and short films mixed with the top up-and-coming stars of such adrenaline sports as skate boarding, surfing and bull riding - the fastest growing sport in America. ANTV is currently available in 28 million homes across the U.S.
Greenberg Traurig, LLP is an international, full-service law firm with 1,500 attorneys and governmental affairs professionals in the U.S., Europe and Asia. The firm is ranked seventh on The American Lawyer's Am Law 100 listing of the largest law firms in the U.S., based on number of lawyers.
About Adrenaline Nation Entertainment, Inc.
Headquartered in Clearwater, Florida, Adrenaline Nation Entertainment, Inc. (Pink Sheets:ADNL) provides broadband TV programming connecting viewers and advertisers to the tremendous purchasing power of the coveted 18-49 year audience. Adrenaline Nation Entertainment's programming features the hottest, cutting-edge independent music in the world, independent films, adrenaline sports, motor sports, and extreme action and adventure programming in a format to be distributed to homes via Broadband Internet, IPTV, Digital Cable, WiFi, High Definition and Mobile TV. Adrenaline Nation TV can be viewed on the company's highlight reel at www.brandedentertainment.tv/antv
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project" or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the company's mission and vision. The company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements.
Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statem
ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS.
On August 3, 2006 we amended our Articles of Incorporation to add a Certificate of Designation for Series D Convertible Preferred Stock. Each share of Series D Stock is convertible at any time, at the option of the holder, into .004167% of our Common Stock issued and outstanding at the time of the conversion. Each share of Series D Stock is entitled to the number of votes equal to the aggregate number of shares of Common Stock into which the holder's share of Series D Stock is convertible immediately after the close of business on the record date fixed for such meeting or the effective date of such written consent.
The foregoing description of the terms and conditions of the contract is qualified in its entirety by, and made subject to, the more complete information set forth in the Certificate of Designation filed as Exhibit 3.1, incorporated herewith.
This report may contain forward-looking statements that involve risks and uncertainties, including, without limitation, statements concerning our business and possible or assumed future results of operations. We generally use words such as "believe," "may," "could," "will," "intend," "expect," "anticipate," "plan," and similar expressions to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
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NatureWell, Incorporated to Attend Annual American Association of Naturopathic Physician Convention in Portland PR Newswire - August 10, 2006 9:01 AM (EDT)
SAN DIEGO, Aug 10, 2006 /PRNewswire-FirstCall via COMTEX/ -- NatureWell, Incorporated (the "Company") (OTC Bulletin Board: NAWL), announced today that it will be an exhibitor at the American Association of Naturopathic Physicians (AANP) Annual Convention in Portland, Oregon on August 10-12, 2006, where it will be marketing its natural migraine medication, MigraSpray. Located in Washington, DC and founded in 1985, the AANP is the foremost national professional society representing more than 2000 licensed or licensable naturopathic physicians.
Commenting on the conference, NatureWell's Chairman and CEO, James R. Arabia, stated; "This marks another step in our plan to attend conferences for practitioners that are most likely to have an interest in providing MigraSpray to their patients. The Company views attendance at these conferences as an integral part of its strategic plan to open accounts and develop relationships with healthcare practitioners. The AANP is a highly respected organization and its members are highly educated and respected in the field of naturopathic medicine. As such, we are pleased to attend this conference as an exhibitor and are highly optimistic about the opportunities it can present."
About NatureWell, Incorporated:
NatureWell, Incorporated (www.naturewell.com) is an emerging company engaged in the development, marketing and licensing of unique, proprietary healthcare products. The Company currently markets its flagship product MigraSpray (www.migraspray.com), a patented, over-the-counter, homeopathic drug intended to be a comprehensive approach for the treatment and prevention of migraine headaches.
Statements made in this news release should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are based on management's beliefs and assumptions regarding information currently available, and are made pursuant to the "safe harbor" provisions of the federal securities laws. The Company's actual performance and results could differ materially from those expressed in the forward-looking statements due to certain risks and uncertainties that could materially impact the Company in an adverse fashion and are only predictions of future results, and there can be no assurance that the Company's actual results will not materially differ from those anticipated in these forward-looking statements. Such risks and uncertainties, include, but are not limited to, the Company's ability to secure adequate financing, the Company's ability to ship its products in a timely fashion, volume and timing of orders received, interruption of the manufacturing or distribution of the Company's products or of the supplies or ingredients used to manufacture the Company's products, the effectiveness of the Company's products and consumer perception as to the effectiveness of the products, competitive pricing pressures and the Company's ability to anticipate changes in the market. The Company has no obligation to publicly update or revise any of the forward-looking statements that may be in this news release.
SOURCE NatureWell, Incorporated
James R. Arabia, Chairman and CEO of NatureWell, Incorporated, +1-800-454-6790; or Investor Relations, MicroStockProfit.com, +1-800-277-9081, for NatureWell, Incorporated
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IMNR (.0222) Receives $9.9 Million from Exercise of First Tranche of Warrants; Raising Aggregate $17.9 Million from 2006 Financing Aug 10, 2006 7:00:00 AM Copyright Business Wire 2006
Funding Will Support Continuation of Phase II Clinical Trials In Multiple Sclerosis and HIV
The Immune Response Corporation (OTCBB:IMNR), an immuno-pharmaceutical company developing products to treat autoimmune and infectious diseases, announced it has raised $9.9 million in gross proceeds from investors exercising 495,552,100 warrants from the first tranche warrants that were issued in the Company's March 2006 private placement financing.
The total gross proceeds include an investment of $250,000 by Qubit, LLC, an affiliate of the Company's largest stockholder and director, Kevin Kimberlin, to exercise 12,500,000 warrants that were issued in conjunction with a February 2006 transaction related to the March 2006 financing.
In the March financing, the Company issued $8.0 million of secured notes convertible into 400,000,000 shares of common stock at $0.02 per share, accruing interest at 8% per year and maturing on January 1, 2008. Investors also received warrants to purchase an aggregate of 1,200,000,000 shares of common stock at $0.02 per share. The warrants were divided into two 600,000,000 warrant tranches, each generating a potential $12 million in gross proceeds.
The second tranche of warrants (600,000,000) will become exercisable October 16, 2006, and will expire on November 30, 2006. If fully exercised, the second tranche would generate an additional $12 million in gross proceeds for the Company.
Of the $8.0 million of secured notes, the holders have to date converted approximately $1.7 million into common stock.
The Registration Statement for the resale of common stock underlying the convertible notes and warrants issued in the Company's March 2006 private placement financing was declared effective June 13, 2006 by the Securities and Exchange Commission.
"We are gratified that investors participating in the private financing showed support for the Company by exercising their warrants," said Michael K. Green, Chief Operating Officer and Chief Financial Officer. "This funding will allow the Company to continue moving forward on schedule and initiate Phase II clinical trials for multiple sclerosis (MS) this fall. The funding also allows us to continue our enrollment and initiation of Phase II clinical trials of our investigational HIV products. We are very pleased with the progress of our Phase II trials, financing strategies and the positive developments at our vaccine manufacturing facility in King of Prussia, PA."
About The Immune Response Corporation
The Immune Response Corporation (OTCBB:IMNR) is an immuno-pharmaceutical company focused on developing products to treat autoimmune and infectious diseases. The Company's lead immune-based therapeutic product candidates are NeuroVax(TM) for the treatment of MS and IR103 for the treatment of HIV infection. Both of these therapies are in Phase II clinical development and are designed to stimulate pathogen-specific immune responses aimed at slowing or halting the rate of disease progression.
NeuroVax(TM), which is based on the Company's patented T-cell receptor (TCR) peptide technology, has shown potential clinical value in the treatment of relapsing forms of multiple sclerosis (MS). NeuroVax(TM) has been shown to stimulate strong, disease-specific cell-mediated immunity in nearly all patients treated and appears to work by enhancing levels of FOXP3+ Treg cells that are able to down regulate the activity of pathogenic T-cells that cause MS. Increasing scientific findings have associated diminished levels of FOXP3+ Treg cell responses with the pathogenesis and progression of MS and other autoimmune diseases such as rheumatoid arthritis (RA), psoriasis and Crohn's disease. In addition to MS, the Company has open Investigational New Drug Applications (IND) with the FDA for clinical evaluation of TCR peptide-based immune-based therapies for RA and psoriasis.
IR103 is based on the Company's patented, whole-inactivated virus technology, co-invented by Dr. Jonas Salk and indicated to be safe and immunogenic in extensive clinical studies of REMUNE(R), the Company's first generation HIV product candidate. IR103 is a more potent formulation that combines its whole-inactivated antigen with a synthetic Toll-like receptor (TLR-9) agonist to create enhanced HIV-specific immune responses. The Company is currently testing IR103 in two Phase II clinical studies as a first-line treatment for drug-naive HIV-infected individuals not yet eligible for antiretroviral therapy according to current medical guidelines.
NeuroVax(TM) and IR103 are in clinical development by The Immune Response Corporation and are not approved by any regulatory agencies in any country at this time. Please visit The Immune Response Corporation at www.imnr.com.
This news release contains forward-looking statements. Forward-looking statements are often signaled by forms of words such as should, could, will, might, plan, projection, forecast, expect, guidance, potential and developing. Actual results could vary materially from those expected due to a variety of risk factors, including whether the Company will continue as a going concern and successfully raise proceeds from financing activities sufficient to fund operations and additional clinical trials of NeuroVax(TM) or IR103, the uncertainty of successful completion of any such clinical trials, the fact that the Company has not succeeded in commercializing any drug, the risk that NeuroVax(TM) or IR103 might not prove to be effective as either a therapeutic or preventive vaccine, whether future trials will be conducted and whether the results of such trials will coincide with the results of NeuroVax(TM) or IR103 in preclinical trials and/or earlier clinical trials. A more extensive set of risks is set forth in The Immune Response Corporation's SEC filings including, but not limited to, its Annual Report on Form 10-K for the year ended December 31, 2005, and its subsequent Quarterly Reports filed on Form 10-Q. The Company undertakes no obligation to update the results of these forward-looking statements to reflect events or circumstances after today or to reflect the occurrence of unanticipated events.
REMUNE(R) is a registered trademark of The Immune Response Corporation. NeuroVax(TM) is a trademark of The Immune Response Corporation.
Source: The Immune Response Corporation
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The Immune Response Corporation Michael K. Green 760-431-7080 info*imnr.com or Investor Contact: ROI Associates Robert Giordano 212-495-0201 rgiordano*roiny.com
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Shelron Group Plans Additional Global Expansions for ActiveShopper.com
NEW YORK, August 10, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
The Shelron Group (OTC BB: SHRN), the parent company of ActiveShopper, today announced its plans to expand the global operations of ActiveShopper.com.
Following the release of ActiveShopper UK earlier this year, the company is now seeking to expand its worldwide comparative shopping business. To this end, the Company plans to launch sites in Australia and possibly in non-English speaking European countries by the end of the year.
"Our UK launch proved to be successful. We are only a few months after its launch and it is already attracting thousands of customers monthly, who use ActiveShopper to compare online prices. Our Q3 financial results will show the positive impact", explains Eliron Yaron, Chairman of the Shelron Group. "This gives us the reason to work hard and get more content and volume before 2006's holiday shopping season begins", Yaron adds.
According to the research firm Mintel, the UK has surpassed Germany to become Europe's largest online shopping market. Mintel reported that close to 9.8 Billion Euros were spent online by UK consumers in 2005, while German consumers spent in excess of 9.7 Billion Euros. Mintel suggests that faster and less expensive broadband services in Europe have been driving the increase of online shopping. The report continues to note that total internet sales in Europe were at over 40 Billion Euros in 2005, an increase of 51% over the prior year. It is estimated that online sales in Europe will triple by 2010. Mintel expects that figure to triple by 2010. (Source: BBC News, July 19, 2006)
About Shelron Group
Shelron Group Inc. is a leading developer of advertising and comparative shopping software, products, and services. ActiveShopper(TM) is the brand name of the company's comparative shopping products, which include US and UK comparative shopping websites, a mobile website for cell phone and PDA users, and various price-detecting comparative shopping installable clients. The company's stock is publicly traded on the OTC Bulletin Board under the symbol SHRN. Additional information is available at www.ActiveShopper.com and www.ShelronGroup.com.
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Summus Works, Inc. (SMMW.0002) SqueezeTrigger Price Is $0.00016; Approximately 4.1 Billion Shares Shorted Since January 2005 According to ********** Research Report Thursday August 10, 9:13 am ET
DENVER, CO--(MARKET WIRE)--Aug 10, 2006 -- www.********** is reiterating coverage of Summus Works, Inc. (Other OTC:SMMW.PK - News) after releasing the latest short sale data to August 2006. From January 2005 to August 2006 approximately 53.9 billion total aggregate shares of SMMW have traded for a total dollar value of nearly $8.6 million. The total aggregate number of shares shorted in this time period is approximately 4.1 billion shares. According to July 10th Total Short Interest, there are 49.82 million shares that have been shorted, but not yet covered. Because brokerage firms are only required to disclose what they are short on one day of the month, the average amount of Total Short Volume in stocks is approximately 20 times (20 trading days vs. 1 trading day) the disclosed Total Short Interest figure. In some cases, ********** has seen Total Short Volume higher by as much as 100 times the disclosed increase in Total Short Interest for that given month. The SMMW SqueezeTrigger price of $0.00016 is the volume weighted average short price of all short selling in SMMW. A short squeeze began when shares of SMMW closed above $0.00016. Month Total Vol. Short Vol. Avg. Price Short $ Value
May 8,349,482,276 642,910,135 $0.00014 $90,007 June 14,705,165,422 1,132,297,737 $0.00014 $158,522 July 7,703,771,604 593,190,414 $0.00016 $94,064 August 1,720,459,400 132,475,374 $0.00020 $26,495
* short volume is approximated using a proprietary algorithm. ** average short price is calculated using a volume weighted average short price. *** short volume is the total short trade volume and does not account for covers. About Summus Works, Inc.
Summus Works, Inc. (Other OTC:SMMW.PK - News) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.
About **********
WWW.********** is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. All material herein was prepared by **********, based upon information believed to be reliable. The information contained herein is not guaranteed by ********** to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Summus Works, Inc. has paid $2,985.00 to purchase data for information provided in this report.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact: Contact: Investor Relations Contact: SmallCapVoice.com Stuart T. Smith 512-267-2430 Email Contact
Company Contact: Summus Works, Inc. Dan Burgess 888-607-9495 Email Contact
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LBTN (.0013) Pay Date For Dividend Announced
RENO, NV -- (MARKET WIRE) -- 08/10/06 -- Lifeline Biotechnologies, Inc. (PINKSHEETS: LBTN) announced today that September 29, 2006 will be the date on which the stock dividend will be issued to their shareholders as of the record date of August 18, 2006. Lifeline Biotechnologies' shareholders will receive 1 share of SLSE stock for every 100 shares of LBTN stock owned by the record date.
Lifeline Biotechnologies and Solos Endoscopy recently announced during a joint national teleconference their plans to target the $20 billion minimally invasive medical market. Also, Lifeline Biotechnologies will now be implementing an aggressive acquisition strategy focusing on alternate energy projects.
Solos Endoscopy, Inc. announced during the national teleconference that the Company will be looking to grow their business rapidly in order to reach the $20 million to $30 million annual revenue levels Solos had experienced in the 1990s. Solos Endoscopy, Inc. will be distributing their recently acquired Lifeline Biotechnologies product line, as well as their endoscopic products to over 3,000 hospitals worldwide.
"We are very excited to announce the pay date for our stock dividend. We believe that this will add a considerable value for our shareholders. We appreciate our shareholders and are pleased to recognize their loyalty," stated Jim Holmes, CEO and President of Lifeline Biotechnologies, Inc.
About Solos Endoscopy, Inc.
Solos Endoscopy, Inc. is a healthcare technology company whose mission is to develop and market breakthrough technology, applications, medical devices, and procedural techniques for the screening, diagnosis, treatment and management of disease and medical conditions. Backed by technical support, Solos' sales team can help make the right buying decisions for the hospital, surgery center, or physician office. Additional information is available on the Company's website at: www.solosendoscopy.com.
About Lifeline Biotechnologies, Inc.
Lifeline Biotechnologies develops and acquires undervalued companies which have innovative technology in the medical, nutraceutical, and energy industries, to increase the growth of the Company. Lifeline Biotechnologies continues to seek out and capitalize on emerging technologies that will change the medical, nutraceutical, and energy community. More information is available at the company's website: www.lbtn.com.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
CONTACT: Big Apple Consulting USA, Inc. for Lifeline Biotechnologies, Inc. Investor Relations 407-884-0444 or 1-866-THE-APPLE
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Advanced Viral Research (ADVR) Announces Results of Phase I Study on Type 2 Diabetes 8/10/2006
YONKERS, N.Y., Aug 10, 2006 (BUSINESS WIRE) -- Advanced Viral Research Corp. (OTC Bulletin Board: ADVR) a bio-pharmaceutical company, announced today that following an interim analysis of 30 patients treated with a 4.0ml dose of AVR118, as well as an additional 3 patients treated with a 1.0ml dose, the company is satisfied in concluding that AVR 118 can be given safely to patients with Type 2 diabetes. Contrary to previous reports, AVR118 had no apparent effects on blood glucose levels in patients receiving oral hypoglycemic therapies. Moreover, AVR118 had no demonstrable effect on blood chemistry, hematology, weight gain or lean body mass. These findings reinforce the belief that AVR 118 is extremely well tolerated and has no apparent effect on glucose metabolism.
"The results of this study provide further evidence that AVR118 has a very innocuous side effect profile that should not preclude its use in patients unable to tolerate a sudden drop in blood sugar. Because AVR 118 had no effects on serum glucose levels, it appears we can avoid a potential contraindication in this potentially large population of patients with Type 2 Diabetes," says Stephen Elliston, President and CEO of Advanced Viral Research. "Based on this and other safety data, AVR 118 will now continue to advance into Phase II clinical testing to establish efficacy in an expanded list of targeted disease states," added Elliston.
Advanced Viral Research Corp is a New York based biopharmaceutical company dedicated to improving patients' lives by researching, developing and bringing to market new and effective therapies for the systematic control of symptoms associated with cancer and other serious diseases. ADVR's lead product, AVR118 represents a new class of complex cytoprotective agents that target among other things, cachexia related disorders. AVR118 has also shown to have topical wound healing properties in animal models.
Various degenerative conditions associated with body wasting (cachexia) such as cancer, HIV/AIDS and chronic inflammation are potential disease targets for AVR118 therapy.
Note: This news release contains forward-looking statements that involve risks associated with clinical development, regulatory approvals, including application to the FDA, product commercialization and other risks described from time to time in the SEC reports filed by the Company. AVR118 (Product R) is not approved by the U.S. Food and Drug Administration or any comparable agencies of any other countries. There is no assurance that the Company will be able to secure the financing necessary to continue and/or complete the clinical trials of AVR118 or satisfy certain other conditions relating to clinical trials including obtaining adequate insurance on terms acceptable to the Company or that if completed, clinical trials performed outside the United States will assist the Company in obtaining FDA or other regulatory approval. The Company undertakes no obligation to update or revise the information contained in this announcement whether as a result of new information, future events or circumstances or otherwise.
For further information regarding Advanced Viral Research Corp., please Visit our website at http://www.adviral.com.
SOURCE: Advanced Viral Research Corp.
Equity Relations, Inc. Richard Brown, 617-314-7379 staff*equityrelations.com
Copyright Business Wire 2006
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U.S. BioDefense Taps New Revenue Stream Through Emergency Disaster Systems by Purchasing 100% Control
CITY OF INDUSTRY, Calif., Aug. 10 /PRNewswire-FirstCall/ -- U.S. BioDefense, Inc. (OTC Bulletin Board: UBDE) today announces it has secured 100% ownership of the issued and outstanding shares in Emergency Disaster Systems (EDS), a forerunner in the disaster mitigation and preparedness industry. This event officially launches U.S. BioDefense's Homeland Security division Emergency Preparedness Program.
Emergency Disaster Systems, a wholly owned subsidiary of U.S. BioDefense, will build upon its 17 year company history by accessing and leveraging the resources of capital markets to ramp up its growth in what is largely an underserved market. Industry leaders and the federal government report that America will spend over 24 billion dollars in 2007 for domestic defense, emergency preparedness and response to catastrophic events.
"The addition of Emergency Disaster Systems to U.S. BioDefense is significant in that it will strengthen U.S. BioDefense by diversifying into a complimentary and symbiotic industry. The partners and strategic advisors associated with EDS will certainly present new opportunities for U.S. BioDefense by expanding the company's pool of knowledge and intellectual capital. The recently secured funding for $200,000 and the move to a 7000 square foot facility were in preparation for and in anticipation of EDS and the significant revenues that will be generated from this division," commented David Chin, CEO of U.S. BioDefense.
EDS originated in 1989 to provide earthquake preparedness supplies to communities throughout California by providing individual preparedness kits that later evolved into Emergency Medical Services (EMS) support and mass casualty rapid response systems. Today the company serves communities, governments, industries and Fortune 500 companies around the world with innovative emergency preparedness technology, systems and services.
About U.S. BioDefense, Inc.
U.S. BioDefense is a Department of Defense central contractor that researches, develops, and commercializes homeland security and leading-edge biotechnology. U.S. BioDefense, Inc. is focused on transferring, researching, and commercializing groundbreaking technologies from Universities, Research Labs, Fortune 500 Companies, and Government Agencies. Through its subsidiary Emergency Disaster Systems (EDS), the company launches its Emergency Preparedness Program as part of its Homeland Security division. U.S. BioDefense is focused on developing EDS as an industry leader in the disaster mitigation and preparedness arena, an underserved market that could see consumer spending of over 24 billion dollars in 2007.
About Emergency Disaster Systems, Inc.
Emergency Disaster Systems is a leading provider of disaster mitigation services, emergency preparedness, and first response products to local communities, government agencies and Fortune 500 companies. Emergency Disaster Systems is committed to the protection of our children's lives and communities from the devastating aftermath of a catastrophic event.
Forward-Looking Statement
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of management of U.S. BioDefense, Inc., and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other factors affecting the operation of the businesses of U.S. BioDefense, Inc. U.S. BioDefense, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter the respective forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact: David Chin U.S. BioDefense, Inc. 626-961-0562
SOURCE U.S. BioDefense, Inc.
CONTACT: David Chin of U.S. BioDefense, Inc., +1-626-961-0562
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Cal-Bay International Accelerates Foreign Delisting Program
The Board of Directors of Cal-Bay International, Inc. (OTCBB:CBAY) today announced the company's intent to accelerate the delisting of Cal-Bay Securities offerings on Foreign Exchanges.
Cal-Bay International today announced its intention to accelerate file applications for revocation of its securities listings and admissions to all foreign exchanges. The removal is expected to be finalized as soon as possible, upon completion of the process for each exchange.
Cal-Bay has made this decision on the basis that for some time there has not been a significant institutional shareholder base in the European marketplace.
Roger Pawson further commented, "We feel there is a virtually unlimited opportunity for expansion in North America, and we intend to increase market share and awareness on a regular basis. As a Company we have grown substantially in the last year and a half and have significantly increased our assets, equity and corporate awareness."
After the effective date of the delisting it will no longer be possible to trade Cal-Bay stock on International Stock Exchanges. However, ordinary shares will continue to be listed on the OTC Bulletin Board (OTCBB:CBAY).
The following is an update presented by Alexander P. Cavasin, CEO of Alcar Chemicals Group Inc. (PINKSHEETS:ACMG), on the corporation's activities and progress.
Although news has been far and in between, progress has been steady on all fronts and several developments took shape as planned. A more detailed update is available on our website where I posted a letter to our shareholders, please feel free to download it at your convenience. This letter is the first of what I hope will become a new tradition for us, posting our progress on a regular basis and include answers to the questions you have about your company.
Funding -- we have opted for an alternative financing strategy by using private placements, cash for restricted shares, without callable secured convertible notes attached to these. By proceeding with multiple smaller trenches, we will minimize dilution while keeping the progress on schedule. A first contract has been finalized and the initial trench has been received, these funds were mainly dedicated to engineering with a 10% portion allocated to the new administration offices. Another significant trench will be due early September.
Facilities & Operations -- we concluded a long-term lease and will be moving into our new administration offices on the coming Monday. With savings on initial office set-up as well as significant long term cost savings, the decision to separate administration and operations is mainly based on economy.
The building selected for our manufacturing facilities is presently still under negotiations, I expect these to be completed within the next three to four weeks to allow us to remain on schedule with building occupation and installations as planned to begin during the month of September.
The decision to separate operations and administration resulted in almost half a million dollars in up-front cost savings.
Other activities -- with the forecasted financing structure, we were comfortable stating that the milestone for filing and becoming fully reporting had moved up about three months from late spring, early summer to early spring. We now believe that, with additional funds available for auditing and filing, we may be fully compliant several weeks ahead of schedule.
Our financials are presently being audited and we will post these on our site as soon as the auditing is completed.
We are presently negotiating IR/PR contracts and I am confident we will be in a position to reach an agreement with two firms within the next few weeks. This will allow us to make true on my promise to increase information flow and visibility for our company.
Marketing gave way to the intense negotiations and preparation activities which had to take priority, especially considering the two contracts requiring the full production capacity of three reactors. My meeting with M. Terki to group the contracts and develop a delivery schedule was postponed to the end of September.
About Alcar Chemicals Group
The Alcar Chemicals Group (PINKSHEETS:ACMG) represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers as well as an increased requirement for ethanol and biodiesel. ACMG has been concentrating on innovative methods for biomass valorisation for the past decade, specifically petroleum-independent fuel and plastics resin production. It's proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and bio-diesel, allowing production at cost savings of up to 40% when compared to current production methods.
Important Information About Forward-Looking Statements
All statements and information in this news release, other than historical facts, are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties which are subject to section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934, and are subject to safe harbor created by these sections. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct and actual results may vary.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact Info: Homer Pateridis Investor relations consultant Tel 514-952-5251 homer*alcarchemicalsgroup.com www.AlcarChemicalsGroup.com
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GameZnFlix to Add Performing Arts DVDs From Naxos of America to GameZnFlix Online Rental Service GameZnFlix, Inc. (OTCBB: GZFX), an online provider of video games and DVD movies for rent or purchase, has agreed today that it is increasing its collection of over 40,000 titles with performing arts DVDs distributed by Naxos of America. GameZnFlix will now offer DVDs featuring the artists of classical music, opera, and ballet.
GameZnFlix CEO John Fleming announced: "Our addition of Naxos of America DVDs will enable GameZnFlix subscribers to experience world-class performances in their own homes, as easily as they enjoy movies and games."
Naxos of America is a leading distributor of DVDs from artists such as The London Philharmonic Orchestra, the Berlin Opera and the Alvin Ailey Academy of Dance. Naxos of America is also the exclusive American distributor for Naxos, Marco Polo, Naďve, CPO, dacapo, CBC Records, Analekta, First Edition, PentaTone, Artek, Andante, Profil, London Philharmonic Orchestra, Arthaus DVD, BBC/Opus Arte DVD, TDK DVD, EuroArts DVD, Juxtapositions DVD, Naxos World, Naxos AudioBooks and Amadis record labels.
"We are delighted that GameZnFlix will offer Naxos of America DVDs to its subscribers who enjoy the performing arts. Moreover, we look forward to working with GameZnFlix to educate and inform subscribers who are interested in exploring the performing arts and would like to know more," commented Jim Sturgeon, CEO of Naxos of America.
About GameZnFlix, Inc.
GameZnFlix is an online video game and DVD movie rental service with more than 40,000 titles in stock. With U.S. military memberships starting at $7.99 per month, subscribers can rent video game discs for most popular video gaming platforms and DVDs with no postage, no due dates and no late fees. Members may also purchase video games, DVD movies, and print and audio books at exclusive discounts. www.gameznflix.com
About Naxos of America
Since 1987, Naxos has redefined how classical music is presented and marketed. The innovative strategy of recording exciting new repertoire with exceptional talent has enabled the label to develop one of the largest and fastest growing catalogues of unduplicated repertoire available anywhere -- currently over 2,700 active titles -- with state-of-the-art sound and the consumer-friendly price of $8.99 per CD. www.naxos.com
Notice: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
250% Increase in Stain Pen(R) Twin Pack Sales in 4 Weeks! 8/10/2006
IDAHO FALLS, ID, Aug 10, 2006 (MARKET WIRE via COMTEX News Network) -- Source Direct Holdings, Inc. (OTCBB: SDRT) is pleased to announce that Stain Pen(R) Twin Pack sales are soaring with the addition of a Fortune 500 retailer distributing through its 725 retail facilities across America. An increase of more than 250% in the last four weeks breaks all sales volume records for any Source Direct product.
"Although we are thrilled with Stain Pen(R) sales, we can't say we are surprised. This is the level of growth we have strived for and expect from such a superior quality product sold at such an attractive price point," stated Source Direct President and CEO Deren Smith. "We expect to break this sales record repeatedly as Stain Pen(R) continues to gain mass market acceptance across North America and abroad."
Stain Pen(R) is now being sold internationally with distribution in Canada's original discount store, Army & Navy Department Stores; through the ATA Retail Services network of 6,500 stores in 48 states; as well as being featured in the popular LTD Commodities Catalog.
In the multi-billion dollar consumer products industry, Stain Pen(R) is the leading portable, personal spot remover, small enough to slip into any purse, briefcase, pocket or glove box. Stain Pen(R) delivers instant, color-safe stain removal on even the toughest stains, in a biodegradable, non-toxic formulation that consumers are comfortable using on even their finest clothing. Through independent testing, Stain Pen(R) has been proven to successfully remove set-in, 2-year-old stains already repeatedly washed and dried in high temperatures.
Source Direct Holdings, Inc. is aggressively expanding into new and highly effective channels of distribution with innovative, proven products that successfully compete with national brands through superior quality and attractive price points. Source Direct is a state-of-the-art cleaning technology company headquartered in Idaho Falls, Idaho. The company manufactures and markets a proprietary line of all-purpose, all-surface, highly effective, non-toxic, biodegradable cleaning products to the multi-billion dollar consumer household, commercial, industrial and private-label automotive cleaning products industries. Simply Wow(R) is a registered trademark; Stain Pen(R) and "Works On The Spot"(R) are trademarks of Source Direct Holdings, Inc. For more information on the company's many unique and effective products already in distribution, visit their web site at www.simplywow.com
Forward-Looking Statements
Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations and statements of future economic performance. Statements containing terms like "believes," "does not believe," "plans," "expects," "intends," "estimates," "anticipates" and other phrases of similar meaning are considered to imply uncertainty and are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from what is currently anticipated. Factors that could cause or contribute to such differences include those discussed from time to time in reports filed by the Company with the Securities and Exchange Commission. The Company cannot guarantee its future results, levels of activity, performance or achievements.
CONTACT: Source Direct Holdings, Inc. Kevin Arave (877) 529-4114 www.simplywow.com
SUNRISE, Fla., Aug. 10 /PRNewswire-FirstCall/ -- Wineco Productions Inc. (OTC: WNCP) has received numerous enquires from its shareholders regarding the progress of the company. The following have been achieved during this period. * Wineco completed a 14 to 1 forward split which will create more liquidity and increase shareholder value. * Wineco filed Forms 9 and 15c-211 with the NASD * Gold nuggets at the Winnemucca mine reported that the accrued stream wash exceeded expectation approximately 25%. * The average nugget exceeded 1/2 oz per piece. Collection from 5-55 gallon drums of mine tailings exceeded 2 1/2 lbs of placer gold at 68% purity. The micron samples from the tailing accrual are averaging approximately 3 oz's gold per ton, and 2.5 oz platinum per ton. Management believes full production should increase overall production by at least 4 times the present test runs. * Wineco anticipates beginning its platinum and gold production operations at a second Nevada mine by the end of the year. Tests results indicated less than 2 oz of gold per ton and 5 oz of platinum per ton. * Wineco will finalize its first oil production contract in late August. The Arco test well on the adjacent property resulted in 140 barrels of oil per day and 1,400,000 cu. ft. of gas per day. * The company cancelled its dealings with ERC computer salvage firm. Winco has recalled the stock issued to ERC. ERC fail to meet production requirements that were stipulated in our agreement. * Wineco is in the process of building a large scale test lab and is seeking joint venture agreements with both precious metals mining operations and will re-open up to 50 old oil wells as quickly as wells are acquired. * Wineco has entered into a consulting agreement with Mr. Paul Jones. Paul will also supervise, oversee and direct all Wineco mining operations. He has approximately 20 years experience in mining reclamation and chemical processing.
About Wineco Productions Inc., Wineco is in the process of acquiring mining properties that show recoverable "Nobel Metals." The various properties are for the most part, mines that have been worked in earlier times. Working these mines have left tons of "Tailings" that contain valuable material. The company will process the material that had already been mined and that material is referred to as "Tailings." These tailings yielding better extraction of Noble Metals through advanced equipment. www.winecoproductions.com Wineco is in final negotiations to acquired the mine tailing from World Wide Consulting. The tailings consist of approximately 1 million tons and are very prolific in platinates. World Wide Consulting is the first of 5 companies that Wineco is in negotiations with. All companies have shown excellent results in their tailings. Wineco has proven its test in chemical extraction of platinum in addition to its previously proven micron gold extraction process. This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size, international sales, including statements regarding the intent, belief or current expectations of Wineco Productions Inc. and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could change actual results. Investors should refer to factors that could cause actual results to vary from current expectations and the forward looking statements contained in this media release. Contact:
Wineco Productions Inc. James Logan President 954 575-7296 or 954 316-1326 SOURCE Wineco Productions Inc.
Contact Information: James Logan, President of Wineco Productions Inc., +1-954-575-7296, or +1-954-316-1326
MAURO RANALLO JOINS THE FIGHT NETWORK Toronto, Canada– August 10th, 2006 ––The Fight Network TM North America’s first and only twenty-four (24) hour combatant sports and entertainment channel announced today that Mauro Ranallo one of the most recognizable play-by play personalities in the sport of mixed martial arts is joining The Fight Network.
Ranallo will join The Fight Network beginning in September as the station’s lead on-air host for its debut news desk show that will focus on the various sports of boxing, pro wrestling and mixed martial arts that air on the channel.
“This is a dream opportunity for me, said Ranallo, I have always had such a passion for combatant sports since a very young age when my parents first came to Canada and would sit me down to watch All-Star Wrestling out in Vancouver that later in life I got to actually be on, which really was my first foray into this business, now years later here I am getting set to host North America’s first 24 hour fight channel, from a news perspective it really is an honour,” he added.
In addition to hosting the news desk Ranallo will also host one on one interview segments with both current and past stars and emerging talent from around the fight worlds. Ranallo will also provide play-by-play commentary for Fight Network events and for some of Fight Network’s programming partners such as PRIDE Fight Championships TM from Japan, a leading mixed martial arts organization.
“Mauro is a very unique talent said Mike Garrow President of The Fight Network, we knew that by adding him to our news team he would bring along a certain credibility with fight fans who have become familiar with his work over the years, we are really looking forward to letting this fountain of information and knowledge loose every day on the channel, and I’m confident that viewers will find Mauro’s professional demeanor and passion for the various sports contagious,” he added.
Some of Mauro Ranallo’s career highlights include:
Beginning his broadcasting career at the age of 16 in 1986 when he was discovered in high school and offered a job with All-Star Wrestling (in Vancouver) seen nationally across Canada on CTV affiliates as a ring announcer and in ring personality as a manager.
Providing play by play announcing duties for Muay Thai/Kickboxing events and King of the Cage Canada’s Mixed Martial Arts shows for TSN
Became the voice of PRIDE Fighting Championships TM from Japan in 2003 until present in providing play-by-play commentary for all world -wide, English Pay- Per- View broadcasts.
About The Fight Network.:
The Fight Network is a cross-platform media company with brand interest in television, radio, mobile and web. All four of these media offerings are seamlessly integrated to offer fans of combatant sports and related entertainment a true convergence experience. The Fight Network Inc. corporate headquarters is located in Toronto, Canada. Additional information on the company can be found at www.thefightnetwork.com. Safe Harbor Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Media Contacts:
Stephen Murdoch OEB International Public Relations/Public Affairs Tel: (905) 682-7203 extension 22 Fax: (905) 682-7481 E-mail: smurdoch*oeb.com
-------------------- The difference between genius and stupidity is that genius has its limits
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