BTX Holdings, Inc. Receives Key Patent for Citrus Separation Technology for Use in the Biomass Industry; Company Estimates the Market Value of Citrus Products Could Be in Excess of $500 Million Per Year in the U.S. Alone 10/5/2006
FORT LAUDERDALE, FL, Oct 05, 2006 (MARKET WIRE via COMTEX News Network) -- BTX Holdings, Inc. (OTCBB: BTXO), a development stage company that specializes in the development and acquisition of technologies to extract useable products from biomass, today announced that it was granted U.S. Patent #7,060,313 by the United States Patent and Trademark Office for its Citrus Separation Technology. BTX acquired the patent pending in May 2005 and has waited over a year for the patent to be issued. The CST can process the citrus waste that remains after fruit is juiced. The majority of this waste is currently treated with chemicals, dried and pressed into pellets and sold as cattle feed, often at a financial loss to the juicing operation. BTX Holdings' CST process instead extracts from the raw citrus waste a fermentable sugar syrup which can be used as a very high quality feedstock for ethanol production or as a beverage base, oils and essences for use in the flavorings and perfume industries and a dry product which has myriad uses including pectin production and food filler. Juicing operations in the United States alone generate 3 million tons of citrus peels and pulp annually. The Company estimates that the value of products extracted from this waste peel could be in excess of $500 million per year in the U.S. alone.
"Now that we have been granted the patent to this revolutionary process, we can begin our marketing and deployment efforts," said Scott Silverman, the president and CEO of BTX Holdings. "We believe that the CST process will provide a solution to the increasing problem of disposing citrus juicing plant waste, while creating profit from where there is currently loss."
BTX has acquired, is developing, or is in the process of acquiring the global rights and/or patents to multiple biomass reduction and alternative fuel feedstock separation and production technologies.
About BTX Holdings
BTX Holdings, Inc., and its wholly owned subsidiary, BioTex Corporation, were established in 2003 to develop and employ technologies from around the world to process biomass (plant derived) waste, extract the usable fractions, and then utilize or sell those extractions in further downstream processes. Many of these waste streams have traditionally been disposed of either by dumping into landfills or by burning. BioTex has acquired, developed or is in the process of acquiring several extraction and separation technologies which can process this waste to derive value added products, such as alternative energy feedstocks, cellulose, fiber, oils and essences, and others.
The result of processing biomass waste with BioTex technologies is the ability to specifically extract the feedstock necessary for a further downstream process, such as ethanol production, as well as utilizing the remaining fractions for alternative uses, such as an extremely nutritive animal feed, or a base for pectin production.
For more information, please visit the company's website at www.biotexcorp.com
Safe Harbor Statement:
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The Company's actual results could differ materially from those in such forward-looking statements. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.
Connected Media Signs Sales Rep Agreement for 'THE HOLLYWOOD REPORTER' Broadcast Vignettes 10/5/2006
Sales Team to Syndicate Entertainment News Segments to Hispanic and General Markets
Miami, Oct 05, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Connected Media Technologies, Inc. (OTC Bulletin Board: CNCM.OB), a provider of digital media marketing solutions, today announced that it has entered into a sales and marketing agreement with MEDIAHITMAN, Inc. for Connected Media to assist with the marketing and TV syndication of a series of weekly entertainment news vignettes produced by Sandra Carter Global, Inc. The short form vignettes feature "THE HOLLYWOOD REPORTER" brand and are designed to accept an advertising insert sold by the broadcaster.
According to Izzy Gonzalez, Connected Media's President, "The Hollywood Reporter is one of the most recognizable brands in entertainment news. Through our association with NewsProNet, we are very pleased to be working with MediaHitMan and expanding our content syndication business by presenting The Hollywood Reporter's trademark fast-paced, behind-the-scenes entertainment news to broadcasters and emerging media outlets in both the Hispanic and General Market." Connected Media provides a wide range of digital marketing and media solutions including content creation and syndication, and patented technology.
About the Hollywood Reporter's Syndicated Vignette Service
The Hollywood Reporter is a must-read for entertainment's most powerful, influential professionals. Now, the industry's top trade brand serves up entertainment business news with twelve weekly television vignettes - short video news reports that are available to local-market broadcast outlets nationwide - produced by Sandra Carter Global, Inc and distributed by MEDIAHITMAN, Inc.
About MEDIAHITMAN, Inc.
Established in 2001 by broadcast publicity veteran, Mark Hirsch, MEDIAHITMAN, Inc. executes electronic publicity campaigns for leading entertainment, media, healthcare, consumer, automotive and technology brands. As the company diversifies towards new media, MEDIAHITMAN is emerging as a leading global distributor of quality content. In addition to The Hollywood Reporter, the company has the exclusive rights to represent Next Step 2.0, MedBreak with Dr. Howard Torman, JUUKO and a slew of other hot properties. (www.mediahitman.com)
About Sandra Carter Global, Inc.
Sandra Carter Global, Inc. has been a major force in the production and distribution arenas for over 25 years. The company has produced over fifteen first-run series, including the Emmy-nominated 24 Days of Christmas, and New York and Chicago Film Festival Gold Medal Winners, Women of the World and Mandela, Man of Vision. (www.sandra-carter.com)
About Connected Media Technologies, Inc.
Connected Media is a digital solutions company offering sales, content and marketing solutions across a broad spectrum of current and emerging media platforms, including portable devices. The Company holds exclusive licenses to US Patent #6,101,534, "Interactive, Remote, Computer Interface System", and US Patent #6,952,697, "A Media Validation System" and to a number of additional patent applications pending with the USPTO. NMI, a Puerto Rico-based full- service marketing communications agency, is a wholly owned subsidiary of Connected Media. Founded in 1997, NMI provides complete marketing and communications initiatives to blue-chip corporate clients such as Royal Caribbean, Lucent Technologies, Avaya, RJR/Nabisco and Argent. Additional information about Connected Media is available on the Company's web site at www.connectedmedia.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including the company's ability to prosecute and defend its patents, attract new licensees, maintain the company's relationships with strategic partners and acquire new strategic partners, the company's ability to raise additional capital and other factors mentioned in various Securities and Exchange Commission filings made periodically by the company, may cause the company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward- looking statements made herein to reflect changes in the company's expectations or future events. The Connected Media Technologies, Inc. logo is a trademark of Connected Media Technologies, Inc.
SOURCE Connected Media Technologies, Inc.
Jeffrey W. Sass, CEO, Connected Media Technologies, Inc., +1-786-425-0028, fax, +1-786-425-0067, jsass*connectedmedia.com http://www.connectedmedia.com
Copyright (C) 2006 PR Newswire. All rights reserved
-------------------- "As long as there are dreamers, there are dreams that will come true."
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MultiCell and Fusion Capital Amend and Restate Common Stock Purchase Agreement to Provide for $8 Million of Equity Funding 10/5/2006
SAN DIEGO, Oct 05, 2006 (BUSINESS WIRE) -- MultiCell Technologies, Inc. (OTCBB:MCET), developing first-in-class drugs based on advanced immune system modulation and other proprietary technologies, announced that on October 5, 2006, it has amended and restated its May 3, 2006, common stock purchase agreement with Fusion Capital Fund II, LLC, a Chicago-based institutional investor. Under the agreement as amended, the Company has the right to sell to Fusion Capital $8 million of its common stock over a 25 month period. Funding shall commence after the U.S. Securities and Exchange Commission declares effective a registration statement relating to the transaction. Proceeds from this transaction will be used to assist MultiCell in advancing its lead drug development programs into the next phase of human clinical trials. A more detailed description of the amended and restated agreement is set forth in the Company's Current Report on Form 8-K filed on October 5, 2006.
"We are pleased that a respected institutional investor such as Fusion Capital has demonstrated confidence in MultiCell's proprietary therapeutics technology," said Dr. Stephen Chang, President and Chief Executive Officer of MultiCell. "As we advance our therapeutic programs into clinical trials, we do not expect that the transaction with Fusion Capital will provide us with all of the necessary capital, but we believe it will assist us in an important way. We will continue to actively seek additional investment funds."
About MultiCell Technologies, Inc.
MultiCell Technologies, Inc. is an integrated biopharmaceutical company committed to the development of breakthrough therapeutics based on a portfolio of therapeutic candidates and patented drug development technology. MultiCell's drug development program is focused on modulation of the immune system. The Company's lead drug candidates include drugs to treat MS-related chronic fatigue, relapsing-remitting multiple sclerosis, type-1 diabetes and infectious disease. The Company also holds unique cell-based technology for use in drug discovery screening applications and the production of therapeutic proteins, and is the leading producer of immortalized human hepatocyte cell lines needed by the biotechnology and pharmaceutical industries to develop new drugs and therapeutics. For more information about MultiCell Technologies, please visit http://www.MultiCelltech.com. For investor information about MultiCell, please visit http://www.trilogy-capital.com/tcp/multicell. For current stock price quotes and news, visit http://www.trilogy-capital.com/tcp/multicell/quote.html. To view the Company's Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/multicell/factsheet.html. To listen to an archived investor conference call, visit http://www.trilogy-capital.com/tcp/multicell/conference/html.
Forward-Looking Statements
Any statements in this press release about MultiCell's expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the "Act"). These statements are often, but not always, made through the use of words or phrases such as "believe," "will," "expect," "anticipate," "estimate," "intend," "plan," "forecast," "could," and "would." Examples of such forward-looking statements include statements regarding plans to use funds from any financing for general corporate purposes, MultiCell's ability to advance MCT-125 into a Phase IIb/III clinical trial, the ability of MultiCell to accelerate any of its therapeutic programs, or the ability of MultiCell to commercialize any new therapeutic. MultiCell bases these forward-looking statements on current expectations about future events. They involve known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by any forward-looking statement. Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or projections in the forward-looking statements include, but are not limited to, the risk that we might now obtain sufficient funds to continue as a going concern, we might not be able to comply with our license for the drug candidate MCT-125 and thereby be subject to the termination of such license, we might not achieve our anticipated clinical development milestones, receive regulatory approval, or successfully commercialize our lead drug candidates as expected, the market for our products will not grow as expected, and the risk that our products will not achieve expectations. For additional information about risks and uncertainties MultiCell faces, see documents MultiCell files with the SEC, including MultiCell's registration statement on Form SB-2, filed on October 6, 2006, its report on Form 10-KSB for the fiscal year ended November 30, 2005, and all of its quarterly and other periodic SEC filings. MultiCell claims the protection of the safe harbor for forward-looking statements under the Act and assumes no obligation and expressly disclaims any duty to update any forward-looking statement to reflect events or circumstances after the date of this news release or to reflect the occurrence of subsequent events.
SOURCE: MultiCell Technologies, Inc.
MultiCell Technologies, Inc. Dr. Stephen Chang MCETInvestor*MultiCelltech.com or Trilogy Capital Partners (Financial Communications) Paul Karon, 800-592-6067 paul*trilogy-capital.com
Copyright Business Wire 2006
-------------------- The difference between genius and stupidity is that genius has its limits
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Sungold International Holdings Corp.: The Company Announces Positive Position on Unlawful Gambling Enforcement Act of 2006 10/5/2006
Announces plans for current marketing strategy and new advertising agreements
TORONTO, ONTARIO, Oct 05, 2006 (MARKET WIRE via COMTEX News Network) -- SUNGOLD INTERNATIONAL HOLDINGS CORP. ("Sungold") (OTCBB: SGIHF)(Frankfurt:WKN 608164, Berlin)
"The 'Unlawful Gambling Enforcement Act of 2006' recently passed by the US Senate could be quite positive for horseracing according to ThinkEquity analyst Traci Mangini, and eventually for Horsepower(R) World Pool too," adds Larry Simpson, President and CEO of Sungold's subsidiary Horsepower Broadcasting Network (HBN) International Ltd.
"Although legislation was passed that will prohibit the use of credit cards, cheques and electronic fund transfers for any online gambling transactions, the good news is that horseracing is exempt from this ruling."
Plans For Current Marketing Strategy
Furthermore, Sungold(R) explains that the current marketing strategy is focused on the U.K. and Ireland as the opportune environment to host the Horsepower(R) game combined with Internet play limited to legal jurisdictions. Additionally it has been published that we will be working on upgrading our game's graphics into more realistically detailed and fluid images consistent with state-of-the-art current industry standards. This marketing plan is unaffected by the recent U.S. Legislation. At the same time our 'World Pool' concept is consistent with the horseracing industries' recent discussions to create larger pari-mutuel pools on Group/Grade 1 stakes races through international commingling, considered by many to be revolutionary for the racing industry.
Additional Advertising Agreements For Racing Unified Network (R.U.N.) Inc.
Finally, another Sungold subsidiary, Racing Unified Network (R.U.N.) Inc. has entered into an agreement with two Canada-wide soccer publications, Soccer Three Sixty and Soccer Italia. These agreements include the right for R.U.N. to sell printed ads and advertising space on their respective Internet properties.
"With the recent interest in the just completed World Cup, the growth in soccer at the grass roots level, and the fact that Canada will be hosting the 2007 FIFA U-20 World Cup tournament, our company thought that the addition of these two publications to our print and web based media advertising division was both timely and a natural fit. Our company now is positioned to offer advertisers and sponsors year round exposure to prime-market readers while increasing our ability to attract video ads that will cycle between our Horsepower(R) virtual races. With the agreements we now have in place we can offer national advertisers an affluent magazine readership of close to 500,000 bi-monthly and monthly web hits of over 2 million!" says Mr. Simpson.
About Sungold International Holdings Corp.:
Sungold(R) is in the business of developing entertainment and e-commerce business in Canada, USA and internationally. Sungold(R) has three 100% wholly owned subsidiaries: Horsepower Broadcasting Network (HBN) International Ltd., Racing Unified Network, (R.U.N.) Inc. and SafeSpending Inc. Sungold(R) controls the technology, source codes, trademarks, patents, copyrights and the worldwide title, rights and interest in each of the wholly owned subsidiaries. Sungold(R) is a fully reporting public corporation trading as SGIHF-OTCBB.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company's expectations with regard to future impact on the Company's results from new products in development are forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Such information may contain statements that involve risk and uncertainties and are subject to change, at any time, the Company's results may differ materially from expected results. Information on the factors which could affect the Company's operations or financial results are included in the Company's reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission.
Contacts: McDerMedia, Inc. Public Relations 1-888-SUN-INTL Email: pr*sungoldintl.com Website: www.sungoldintl.com
Pine Valley Enters Agreement With its Mining Contractor 10/5/2006
Provides for mining services through June 30, 2007 with potential to discuss longer term arrangement
VANCOUVER, BRITISH COLUMBIA, Oct 5, 2006 (CCNMatthews via COMTEX News Network) -- Pine Valley Mining Corporation (TSX:PVM)(OTCBB:PVMCF) (the "Company" or "Pine Valley") is pleased to announce that it has negotiated a new contract with Tercon Mining PV Ltd. ("Tercon"), the Company's mining services provider. The agreement provides for continued provision of mining services until June 30, 2007, at current unit rates, and maintains the possibility of discussing a longer term arrangement but not the requirement to do so.
Bob Bell, President and Chief Executive Officer of Pine Valley, said, "We are very pleased with this agreement because it provides a stable mining situation for an extended period. This is an important development for the company as we build a platform for added shareholder value."
This news release contains certain "forward-looking statements", as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties including but not limited to economic, competitive, governmental and geological factors effecting the Company's operations, markets, products and prices and other risk factors. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the Company's dependence on the steel industry, volatility in coal prices, accidents and other risks associated with mining operations, the Company's need for and availability of additional financing, the restrictions imposed under the Company's existing debt arrangements and its debt service requirements and the other risk factors discussed in greater detail in the Company's various filings with the Securities and Exchange Commission and Canadian securities regulators, including the Company's Form 20-F dated June 21, 2006.
PINE VALLEY MINING CORPORATION
Robert Bell, President and Chief Executive Officer
SOURCE: Pine Valley Mining Corporation
Pine Valley Mining Corporation Robert (Bob) Bell President & Chief Executive Officer (604) 682-4678 Pine Valley Mining Corporation Martin Rip Vice President Finance and CFO (604) 682-4678 (604) 682-4698 (FAX) Email: pinevalley*pinevalleycoal.com Website: www.pinevalleycoal.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
-------------------- The difference between genius and stupidity is that genius has its limits
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Stephen Agress Joins Alliance Distributors as Chief Financial Officer 10/5/2006
NEW YORK, Oct 5, 2006 (PrimeZone Media Network via COMTEX News Network) -- Alliance Distributors Holding Inc. (OTCBB:ADTR), a distributor of interactive video games and gaming products, announced that Stephen Agress has joined the company as Executive Vice President and Chief Financial Officer.
Stephen Agress was the Vice President - Finance and Chief Accounting Officer of Innodata Isogen, Inc. ("Innodata") from March 1998 to September 30, 2006, and served as its principal financial officer from May 2001 to December 2005. He served as Innodata's Corporate Controller from August 1995 until May 2001. Mr. Agress is a certified public accountant and was a senior audit manager in the TRADE Retail & Distribution Services Group at Deloitte & Touche LLP prior to his joining Innodata in 1995.
"I am excited by the opportunity to join Alliance," Agress said. "Alliance's share in the market is growing rapidly and I look forward to helping the company achieve its full potential."
Jay Gelman, Chairman and CEO, said, "We are excited that Stephen has agreed to join the Alliance team. His strong financial background and management experience will be an important asset for our company now and into the future."
About Alliance Distributors Holding Inc.
Alliance Distributors Holding Inc. (www.alliancedistributors.com), which does business as Alliance Distributors, is a full service wholesale distributor of interactive video games and gaming products for all key manufacturers and 3rd party publishers in the video game industry. Alliance Distributors offers comprehensive support on PlayStation 2, PS1, PSP, Xbox, GameCube, Nintendo DS and GameBoy systems, peripherals and software titles.
Safe Harbor
Certain of the above statements contained in this press release may contain forward-looking statements which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Actual results, events and circumstances (including future performance, results and trends) could differ materially from those set forth in such statements due to various factors, risks and uncertainties, including but not limited to, risks associated with technological change, competitive factors and general economic conditions. The Company has no duty and undertakes no obligation to update such statements.
Capital Reserve Canada's Subsidiary Acquires Approximately 2500 Acres of Mineral Rights 10/5/2006
EDMONTON, Alberta, Oct 05, 2006 (BUSINESS WIRE) -- Capital Reserve Canada (OTCBB: CRSVF) ("CRC") and It's Chairman, Mr. Donald Getty, are pleased to announce that further to the Press Release of September 20th, 2006, its wholly-owned subsidiary, Two Hills Environmental Inc., has closed the transfer of Mineral Rights to approximately 2500 acres of land adjacent to its property near Two Hills, Alberta for one million restricted shares of CRC. This strategic acquisition provides for additional capacity to serve the oil and gas industry by the creation of disposal wells or salt caverns for underground storage.
Profile
CRC is an oil and gas services company based in Edmonton, Alberta. Through its wholly owned subsidiary, KCP Innovative Services, Inc., CRC offers technologically advanced tools for use in four areas of the industry. The first aids in testing and development of newly found resources; another measure existing wells' productivity; and the third hastens well abandonment, ensuring compliance with regulatory emission guidelines. The fourth, through its proprietary hardware and software technologies, is used to determine the profitability of coal bed methane deposits, which may be developed and sold as natural gas. CRC has a second wholly owned subsidiary, Two Hills Environmental, to assist with problem waste from oil & gas companies, and provide underground storage.
Statements in this press release regarding CRC's business that are not historical facts are "forward looking statements" that involve risks and uncertainties. CRC wishes to caution readers not to place undue reliance on such forward looking statements and therefore speak only as of the date made. Investors are cautioned that all forward looking statements involve risks and uncertainties, including, but not limited to, those discussed in CRC's Annual Report on Form 20-F for the period ended December 31st, 2005.
Xtreme Retains Prestigious Firm for Challenger's National Marketing & Advertising Campaign
By PR Newswire Last Update: 9/20/2006 4:05:48 PM Data provided by
WASHINGTON, Mo., Sept 20, 2006 /PRNewswire-FirstCall via COMTEX/ -- Xtreme Companies, Inc. (XTME) announced today that it has retained west coast based 'Media Direction' as its outside marketing and advertising counsel. Media Direction is a full-service advertising and public relations agency founded by Bob Brown, former Executive Editor of Powerboat Magazine.
Xtreme CEO Laurie Phillips stated, "Bob and the team at Media Direction have begun to lay out a comprehensive marketing and advertising campaign for the Challenger brand. The plan includes design, copy and strategy for ads in the major boating magazines, video, print catalog and web site production, as well as coordination of our participation in the national boat shows. By leveraging Bob's extensive relationships within the boating industry, we procured our first interview for a feature article in a major boating publication scheduled for release in the upcoming months. For this feature as well as others, Challenger boats are currently receiving a thorough vetting through third party independent testing and so far the feedback we've received has been extremely positive." She added, "With Media Direction, we continue to assemble the industry's best talent who share our vision of creating a world class brand."
Media Direction President Bob Brown commented, "I'm very impressed with the passion and tenacity that the Challenger organization has demonstrated for the marine industry. In a relatively short period of time, they've assembled a highly experienced and dedicated management team and have completed a remarkable amount of new product development. From my experience, these are the hallmarks of success in the marine business and the entire Media Direction organization looks forward with enthusiasm to participating in the ongoing development of the Challenger brand."
About Media Direction
Founded in 1979 by Bob Brown, former Executive Editor of Powerboat Magazine, Media Direction is a full-service advertising and public relations agency focusing on the recreational boating, destination travel and entertainment industries. Its clients include the Southern California Marine Association, the nation's largest regional trade organization.
About Xtreme Companies, Inc.
Xtreme Companies, Inc., produces high end, semi-custom fiberglass sport cruiser and high performance boats under the 'Challenger Powerboats' brand. Xtreme holds the exclusive rights to the revolutionary DDC hull for boats up to 40 feet in length. The DDC hull is a patented revolutionary design by world-renowned marine designer Harry Schoell, which incorporates two hulls into one, resulting in a constant planning surface enhancing stability and generating greater transom lift. This enables the hull to run faster in rougher seas while providing a dryer, safer and more comfortable ride.
CalbaTech's Subsidiary, LifeStem, Inc., Wins Orange County Innovation Award for Science via COMTEX
October 6, 2006
IRVINE, Calif., Oct 06, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
CalbaTech, Inc. (OTC Bulletin Board: CLBE), an emerging life sciences company (http://www.CalbaTech.com ) concentrating on banking adult stem cells for possible future therapeutic uses and providing products and platforms to the biotech and pharmaceutical research markets and to academic institutions, is pleased to announce that its wholly-owned subsidiary, LifeStem, Inc., has won the 2006 Innovation in Science award presented by Orange County Innovation (OCI).
Along with LifeStem, other 2006 OCI winners include: For Innovation in Technology, The Samueli Foundation; For Innovation in the Arts, The Segerstrom Family; and for Innovation in Technology, EON Reality, Inc.
OCI was formed by top business and community leaders to showcase Orange County, California, as a hotbed of innovation. One of the largest counties in the U.S., with a population of more than three million, it has the 27th largest economy in the world. The award celebrates innovation, which it describes as the ability to create, to invent and to respond to challenges in today's business world with new ideas and strategies.
LifeStem recently introduced the LifeStem MicroBank(TM) Service, its service that allows healthy individuals the ability to collect their own adult stem cells from both peripheral blood and adipose tissue. The stem cells are then cryogenically stored for possible future therapeutic use.
"We are pleased that LifeStem has received this recognition and we're anxious to move forward with LifeStem to show the importance of storing stem cells for future therapeutic use," said James DeOlden, CalbaTech CEO. "We are signing agreements with new collection sites almost every week and are working through logistics related to marketing and training."
Mr. DeOlden recently told Drug Discovery News, a publication serving those interested in the news and business of discovery science, that LifeStem anticipates more than 1,000 clients will take advantage of its service during its first year, with revenues topping $3.9 million. In a September 14th, 2006 article in the Orange County Register, Mr. DeOlden said that stem cells should be banked now, while a person is healthy. "You don't want to be in a position where you have a disease, and there's a therapy available, and you don't have healthy cells." The newspaper said the science of stem cells is creating a "21st-century gold rush" in California.
About CalbaTech
CalbaTech, Inc. (OTC Bulletin Board: CLBE) is an emerging life sciences company (http://www.CalbaTech.com) concentrating on providing products and platforms to the research market for biotech and pharmaceutical companies and to academic institutions. CalbaTech's wholly owned subsidiary LifeStem has developed a unique process to harvest stem cells in micro quantities to be cryopreserved for future transplantation into a client for medical purposes. The collection of stem cells from two different tissue sources increases the potential for treatment of more diseases.
Contact: Paul Knopick E&E Communications (949) 707-5365 pknopick*eandecommunications.com
Note: 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 Act of 1934 and are subject to the safe harbor created by those rules. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements including those related to being in a large and growing market, exhibiting rapid growth characteristics, and having a growth strategy, are forward-looking statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions. Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or assumptions in this press release include the risk that we will not be able to grow our revenues and market share, the risk that our prices do not remain competitive and the risk that we will not achieve profitability. Additional risks are identified and described in the Company's public filings with the Securities and Exchange Commission, including our most recent Report on Form 10-KSB, and Reports on Form 10-QSB and Form 8-K. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.
SOURCE CalbaTech, Inc.
Paul Knopick of E&E Communications, +1-949-707-5365, pknopick*eandecommunications.com, for CalbaTech, Inc. http://www.CalbaTech.com
Copyright (C) 2006 PR Newswire. All rights reserved
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Med Gen Completes Claims Substantiation and Support Documents for UnDiet(TM) System
Business Wire "US Press Releases "
BOCA RATON, Fla.--(BUSINESS WIRE)--
Med Gen Inc. (OTCBB:MGEN), manufacturers of nationally branded OTC healthier life products, announced that it has fully completed the documentation to support the underlying claims made to support its weight loss program, UnDiet(TM) System.
As a precursor to its investment in TV and Print advertising programs, Med Gen has completed a thorough study to support any claims it makes regarding the weight loss program the company hopes will contribute significantly to its revenues and earnings this year. The study is complete with support information, Certificates of Analysis, product descriptions, mechanisms of action, special features, confirmation of special research, pharmacology and therapeutics. Of great importance is Med Gen's use of premium quality ingredients and of the much heralded Hoodia (in liquid form) and Citrin(R) ("Natures Own Effective Weight Loss Agent") manufactured by Sabinsa Corporation for Med Gen. The use of Citrin(R) is thoroughly discussed in documentation that will soon be published on the www.undietsystem.com, the company's product web site.
Med Gen management believes that UnDiet(TM), a unique weight loss system featuring the company's STW(R) spray system will quickly become the "diet of choice" for the millions now seeking the miracle weight loss product. "It's cost efficient, easy to use and best of all it works," said Mr. Mitchell, President. Testimonials as to the efficacy of UnDiet(TM) are received daily, Mr. Mitchell added.
About Med Gen Inc.
Med Gen Inc., in business since 1996, manufactures and markets specialty products using its proprietary delivery system Spray's the Way ("STW"). It is best known for producing the world's first patented liquid spray snoring relief formula, Snorenz(R). Since its existence, Med Gen has continued to develop its STW technology, introducing Good Nights Sleep(R) and the Un-Diet(TM) system into its family of brands. While STW technology is mainly used, the company also produces other products that deal with common health issues using other delivery systems. The company markets its products to distributors, major chain and drug stores, direct sales via the company web site and direct to consumer television, radio and print advertising. The company also distributes its brands internationally under various private labels or existing names.
Med Gen Inc. is a fully reporting company whose stock trades on the OTCBB under the symbol "MGEN". For information contact Investor Relations 561-750-1100 or www.medgen.com.
This Press Release contains or incorporates by reference "forward-looking statements" including certain information with respect to plans and strategies of Med Gen Inc. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward-looking statements. There are a number of events or actual results of Med Gen operations that could differ materially from those indicated by such forward-looking statements.
CalbaTech's Subsidiary, LifeStem, Inc., Wins Orange County Innovation Award for Science via COMTEX
October 6, 2006
IRVINE, Calif., Oct 06, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
CalbaTech, Inc. (OTC Bulletin Board: CLBE), an emerging life sciences company (http://www.CalbaTech.com ) concentrating on banking adult stem cells for possible future therapeutic uses and providing products and platforms to the biotech and pharmaceutical research markets and to academic institutions, is pleased to announce that its wholly-owned subsidiary, LifeStem, Inc., has won the 2006 Innovation in Science award presented by Orange County Innovation (OCI).
Along with LifeStem, other 2006 OCI winners include: For Innovation in Technology, The Samueli Foundation; For Innovation in the Arts, The Segerstrom Family; and for Innovation in Technology, EON Reality, Inc.
OCI was formed by top business and community leaders to showcase Orange County, California, as a hotbed of innovation. One of the largest counties in the U.S., with a population of more than three million, it has the 27th largest economy in the world. The award celebrates innovation, which it describes as the ability to create, to invent and to respond to challenges in today's business world with new ideas and strategies.
LifeStem recently introduced the LifeStem MicroBank(TM) Service, its service that allows healthy individuals the ability to collect their own adult stem cells from both peripheral blood and adipose tissue. The stem cells are then cryogenically stored for possible future therapeutic use.
"We are pleased that LifeStem has received this recognition and we're anxious to move forward with LifeStem to show the importance of storing stem cells for future therapeutic use," said James DeOlden, CalbaTech CEO. "We are signing agreements with new collection sites almost every week and are working through logistics related to marketing and training."
Mr. DeOlden recently told Drug Discovery News, a publication serving those interested in the news and business of discovery science, that LifeStem anticipates more than 1,000 clients will take advantage of its service during its first year, with revenues topping $3.9 million. In a September 14th, 2006 article in the Orange County Register, Mr. DeOlden said that stem cells should be banked now, while a person is healthy. "You don't want to be in a position where you have a disease, and there's a therapy available, and you don't have healthy cells." The newspaper said the science of stem cells is creating a "21st-century gold rush" in California.
About CalbaTech
CalbaTech, Inc. (OTC Bulletin Board: CLBE) is an emerging life sciences company (http://www.CalbaTech.com) concentrating on providing products and platforms to the research market for biotech and pharmaceutical companies and to academic institutions. CalbaTech's wholly owned subsidiary LifeStem has developed a unique process to harvest stem cells in micro quantities to be cryopreserved for future transplantation into a client for medical purposes. The collection of stem cells from two different tissue sources increases the potential for treatment of more diseases.
Contact: Paul Knopick E&E Communications (949) 707-5365 pknopick*eandecommunications.com
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VICI (.0055) Files Definitive 14A, Merger With Ethos Environmental Inc. Imminent
PrimeZone "PrimeZone "
SAN DIEGO, Oct. 6, 2006 (PRIMEZONE) -- Victor Industries Inc. (OTCBB:VICI) is pleased to announce that an Information Statement will be mailed, on or before October 11, 2006, to shareholders of record as of October 3, 2006 for a vote with respect to the pending merger with Ethos Environmental, Inc., ("Ethos") among other matters. The Annual Shareholder Meeting will be held on October 23, 2006 in accordance with Idaho law. It is anticipated that the merger with Ethos Environmental Inc. will close shortly thereafter.
Ethos' 2005 Revenue grew to nearly $1.8 million resulting in a gross profit of $1.25 million. Through the first six months of 2006, Ethos' revenue has exceeded $2.7 million and generated in excess of $1.75 million in gross profit. Ethos recently completed negotiations of new long-term contracts, which will allow annual expansion through 2009. Responding to this dramatic increase in sales, Ethos has purchased a new, state of the art 70,000 square foot facility to better facilitate production and distribution of its products, thereby satisfying the significant growth in world-wide demand. The inauguration of Ethos' new San Diego facility is anticipated later this month.
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities 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 operations to vary significantly from 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.
We have received the Transfer Agent's Shareholders list and will compare with the NOBO list. The management has designed a Shareholders Integrity Plan to address the NOBO list and the capital structure of the company. We are readying the share exchange with one of the Reg. E Funds and will inform the certified shareholders of the exchange shortly.
Restructuring of Capital Structure:
Our management feels there is a significant failure to deliver position in our stock and the NOBO list will identify the extent of the position. To protect our shareholders we are developing the share exchange program with one of the Reg. E Funds that will place an estimated value of $.10 to $.25 on the shares of SSSU.
Business Combination
We have a strategy to increase the book value of SSSU and enter into a business combination via Form S-4. Once the business combination is completed we expect the combined business to trade at the value of the combined entity. More details will be forth coming regarding the share exchange program.
Shareholder Benefits and Dividend Distribution:
We have developed the dividend program with one of the Reg. E. Funds. Each Reg. E fund can raise up to $5.0 million per year exempt from registration. The family of funds we are developing will assist SSSU in support of its restructuring and will immediately fund the real estate and entertainment business units. We have developed our business model to fund and develop new high growth companies.
About Global 1 Investment Corporation:
The family of funds we construct will have equity, fixed income, real estate securities, mortgages, affordable housing and commercial assets as investment opportunities for different classes of investors.
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on SSS behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control.
Source: Silver Screen Studios, Inc.
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International Broadcasting Announces New Sponsor for Stock Talk LIVE: Pacific Financial Solutions, Inc. Business Wire - October 06, 2006 13:00
SPOKANE, Wash., Oct 06, 2006 (BUSINESS WIRE) -- International Broadcasting Corporation (OTC:IBCS) has signed on a new sponsor for the "Stock Talk LIVE" business radio talk show: Pacific Financial Solutions, Inc. is a Nevada Corporation based in Lodi, CA and is a publicly traded company (Pink Sheets:PFUO) with over two decades of financial services management experience and expertise.
About Pacific Financial Solutions, Inc.
Pacific Financial Solutions, Inc. is a company with over two decades of financial services management experience and expertise. Pacific Financial Solutions Inc. provides merchants with profitable solutions to meet the needs of their customers. An ATM Point of Banking Terminal (PBT) works just like an ATM cash machine. The difference is that after a customer swipes their Credit or Debit ATM card, enters their PIN number and selects from the preset dollar amount determined by you, they receive an authorized PBT coupon. They pay for items using the PBT coupon and receive change in cash. Your account is credited electronically for the PBT coupon amount. For more information visit the website * www.pfuo.com
About IBCS: A Broadcaster and Holding Company
International Broadcasting Corporation owns and operates "Stock Talk LIVE," a fully interactive 7-hour long business radio talk show focused exclusively on small stocks priced below $5. Since 2002, the show has been "on-the-air" each and every stock market day. Every show covers a wide spectrum stocks, interesting and knowledgeable callers, and significant trading opportunities for both long and short-term perspectives.
International Broadcasting is also a holding company, holding stock positions in many other young, progressive companies. For more information about International Broadcasting Corporation, please visit our main corporate website at www.IBCmedia.com
Statements in this press release other than statements of historical fact are "forward-looking statements." Such statements are subject to certain risks and uncertainties including the demand for the Company's services, litigation, labor market, and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission that could cause actual results to differ materially from any forward looking statements. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements.
SOURCE: International Broadcasting Corporation
International Broadcasting Corporation Darrell W. Nether, 509-466-3413 ibcs*comcast.net
Copyright Business Wire 2006
-------------------- "As long as there are dreamers, there are dreams that will come true."
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GVIS(.019) Security Solutions, Inc. Raises Capital, Announces Changes to the Board 10/6/2006
CARROLLTON, Texas, Oct 06, 2006 (BUSINESS WIRE) -- GVI Security Solutions, Inc. (OTCBB:GVIS), a leading provider of video security solutions featuring the complete Samsung Electronics line of products, today announced the private placement of $4.75 million of its securities and changes to its board of directors.
The purchasers in the private placement consisted of a group of accredited investors led by GVI Investment Company, LLC, a Nevada limited liability company formed for the purpose of participating in the private placement. GVI Investment Company, LLC, which purchased $2.5 million of securities in the private placement, is managed by David Weiner, who has been appointed to GVI's Board of Directors.
A substantial portion of the proceeds have been used to pay amounts previously owing to Samsung, and the remaining proceeds will be used primarily for working capital and general corporate purposes.
The securities sold in the offering consisted of Common Stock at a price of $.004 per share and 6% Convertible Promissory Notes convertible into Common Stock at a conversion price of $.004 per share. Upon the anticipated final closing of an additional $250,000 investment, the Company will have issued 125,000,000 shares of Common Stock and $4,500,000 of Convertible Notes convertible into 1,125,000,000 shares of Common Stock. Assuming the full conversion of the Convertible Notes, the investors in the private placement own approximately 96% of GVI's Common Stock, with GVI Investment Company owning approximately 48% of the Common Stock. GVI expects to effect a 50-for-1 reverse stock split so that it will have sufficient authorized shares of Common Stock to permit the conversion of the Convertible Notes.
"We believe that our relationship with Samsung Electronics is strong, and that we are now well positioned to substantially grow our business together with them," said CEO Steve Walin.
"This funding will facilitate the completion of GVI's turnaround and will permit us to further focus on strengthening our core business," said CFO Joe Restivo.
In connection with the closing of the private placement, the Company's directors other than Steve Walin resigned from GVI's Board, and David Weiner, Craig Ellin, Gary Freeman, Moshe Zarmi and Joseph Restivo, GVI's Chief Financial Officer, were appointed to fill the resulting vacancies.
David Weiner is the President of W-Net, Inc., an investment and consulting firm he founded in 1998. From December 2002 to April 2003 Mr. Weiner was Co-President for Trestle Holding Inc., a provider of digital imaging and telemedicine products. In 1993, Mr. Weiner joined K-tel, a music retailer, as Vice President of Corporate Development. He advanced to the position of President in 1996, which he held until he left to form W-Net in 1998.
Gary Freeman is currently a Partner in Bandari, Beach, Lim & Cleland's Audit and Accounting services division. In conjunction with various consulting engagements, Mr. Freeman has assumed interim senior level management roles at numerous public and private companies during his career, including as Co-President and Chief Financial Officer of Trestle Holdings Inc., Chief Financial Officer of Silvergraph International and Chief Financial Officer of Galorath Incorporated. Mr. Freeman is currently a member of the Board of Directors of Blue Holdings and serves as its Audit Committee Chairman. Mr. Freeman's previous experience includes ten years with BDO Seidman, LLP, including two years as an Audit Partner.
Craig Ellins is the founder and Chief Executive Officer of hello Network, Inc. a Java technology development company. Mr. Ellins has more than 20 years of experience in television direct marketing and Internet communications and has provided strategic planning services to companies such as, K-tel International, Fingerhut Corporation, Guthy-Renker, Simitar Entertainment, and Stamina Products.
Moshe Zarmi has 30 years experience, primarily in high technology industries. From February 1993 to January 1997, Mr. Zarmi was the Chief Executive Officer of Geotest, a leading Automated Test Equipment company based in Southern California. His extensive business experience includes a tenure at Israel Aircraft Industries, where he held various positions in finance and administration, as well as head of US marketing and sales.
About GVI Security Solutions, Inc.
GVI Security Solutions Inc. is a leading provider of video surveillance security solutions to the homeland security, institutional and commercial market segments.
Forward-Looking Statements:
Some of the statements made by GVI Security Solutions, Inc. in this press release are forward-looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; rapid change in technology; the number and size of competitors in its markets; outstanding indebtedness; law and regulatory policy; the mix of products and services offered in the company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-KSB for the year ended December 31, 2005 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.
SOURCE: GVI Security Solutions, Inc.
For GVI Security Solutions, Inc. Esra Kahraman, 972-245-7353
Copyright Business Wire 2006
-------------------- The difference between genius and stupidity is that genius has its limits
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ASTR .04) Astralis Reviewing Strategic Alternatives and Change of Status of Officer
PR Newswire "US Press Releases "
FAIRFIELD, N.J., Oct. 6 /PRNewswire-FirstCall/ -- The Board of Directors of Astralis, Ltd. (OTC Bulletin Board: ASTR) has determined that Astralis is unable to continue funding drug development activities and is considering strategic alternatives including a sale of the assets of the Company. On August 21 the Company announced that, "As of the date of this press release, the Company's liabilities exceed its cash. If the Company does not acquire additional cash within days, it will be forced to cease operations." During the last six months, the Company has been unable to identify sufficient funds to finance its continuing operations.
By mutual agreement Michael Garone has agreed to resign as the Company's interim Chief Executive Officer and Chief Financial Officer. Mr. Garone has been appointed by the Board as a consultant and financial advisor to assist in the analysis and development of the Company's strategic plan.
Interested parties can call:
Mike Garone on (973) 945-2229 or email mgarone*astralisltd.com.
Or
Dr. Jose O'Daly on (973) 224-5723 or email odaly*astralisltd.com.
SOURCE Astralis, Ltd.
-------------------- The difference between genius and stupidity is that genius has its limits
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HTRE (.14) Teams With Fat Cats Entertainment Group to Implement Aggressive Guerrilla Marketing Campaigns
PR Newswire "US Press Releases "
LAS VEGAS, Oct. 6 /PRNewswire-FirstCall/ -- H3Enterprises, Inc. (OTC: HTRE) today announced that it has hired Fat Cats Entertainment Group to strategize, create and implement several guerrilla marketing campaigns to augment all aspects of the company's business. H3 is a Las Vegas-based company that is the creator, owner and licensor/franchiser of HipHopSodaShops, H3WhiteTea, H3Players and H3's WorldSeries of CyberSports among other business ventures.
"Andre Cleveland and his Fat Cats Entertainment Group team have first-hand knowledge of the Hip Hop community as well as deep relationships and proven experience in the entertainment industry, all of which supports the backbone of our business," said H3Enterprises CEO Jackie Robinson. "An excellent example of this was their help in securing NBA superstar Dwyane Wade to host our upcoming H3Player's All-star CyberSports Tournament. Fat Cats' guerrilla marketing efforts will bring attention to all of the H3 businesses and effectively reach our consumer base."
"Fat Cats Entertainment Group is committed to delivering innovative solutions that will increase consumer awareness of H3Enterprises, from the streets to high profile celebrity circles," said Fat Cats Managing Partner Andre Cleveland. "The future is exciting and our potential is limitless working with such an innovative company, especially under the leadership of Jackie Robinson. Hip Hop is now a mainstream influence on all facets of pop culture and we are prepared to tap our strategic alliances and on behalf of H3Enterprises."
About Fat Cats Entertainment Group
Fat Cats Entertainment Group, LLC (FCEG) is a multi-media firm comprised of professionals and representatives from elite talent and literary agencies, public relations firms, fulfillment houses, special event marketing, promotions, sports entertainment and hotel casino marketing. Innovation is FCEG's forte' with cutting edge marketing and sales strategies. Fat Cats LIVE! is the concert promotion division responsible for the upcoming "My Red Carpet" extravaganza featuring Chris Brown and the 2007 NBA All-star week bonanza in Las Vegas. For more information visit www.fatcatsonline.com.
About H3Enterprises, Inc.
H3Enterprises is a publicly traded company (OTC: HTRE) that markets the positive aspects of hip hop culture through a variety of business models. Based in Las Vegas, Nevada, H3Enterprises is committed to providing economic and educational opportunities for young people, feeding the worldwide demand for everything hip hop and maximizing returns for its shareholders. H3Enterprises is the owner, creator, licensor, and franchiser of HipHopSodaShops, HipHopHeaven, Halls of HipHop, H3Raps, H3WhiteTea, H3Players.com, H3Merchandising, and H3Players' WorldSeries of CyberSports. For more information on the company, please contact Joel Ferguson, vice president of business development for H3Enterprises at joelbferguson*yahoo.com.
SOURCE H3Enterprises, Inc.
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Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits
Item 2.01 Completion of Acquisition or Disposition of Assets Effective September 30, 2006, the registrant entered into a Stock Transfer Agreement with its majority-controlled subsidiary, The Resourcing Solutions Group, Inc. ("RSG"), pursuant to which the registrant assigned and transferred to RSG all of the stock held by the registrant in PiedmontHR, Inc; World-Wide Personnel Services of Maine, Inc.; and United Personnel Services, Inc.
In consideration of the stock transfer, RSG issued its non-negotiable promissory note to the registrant in the amount of $525,000.
The transfer of ownership of these companies is part of a plan of reorganization involving the various subsidiaries of the registrant.
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Metropolis Technologies Corp. Wins $1,500,000 E-Ticketing Contract from FEYM Entertainment Corp. PrimeZone Media Network - October 6, 2006 3:32 PM (EDT)
By Staff
ALTAMONTE SPRINGS, Fla., Oct 6, 2006 (PrimeZone Media Network via COMTEX) -- Metropolis Technologies Corp. (Pink Sheets:MTPT) announced today that the company has been chosen as the exclusive ticketing provider to FEYM Entertainment Corp., www.feymentertainment.com
FEYM Entertainment Corp. is a seasoned producer and entertainment production company specializing in music-related marketing strategies for live events and corporate communications. Carlos M. Feliciano, Esq., President of FEYM stated: "Partnering with Metropolis Technologies will provide our company with the ability to completely manage all of our ticket sales through their exceptional, customized e-ticketing software and database solutions. We considered a number of competitors during our selection process and ultimately it became clear to all of our partners that Metropolis was best-positioned to facilitate our needs today and well into the future. We are extremely pleased with our decision."
FEYM will announce shortly a spectacular 12-concert line-up for 2007. Metropolis' revenues for the series are projected to exceed $1,500,000 over the next twelve months.
Metropolis Technologies, President, Michael Smith stated: "We are obviously very pleased to be entering into a long-term relationship with FEYM Entertainment Group. The backgrounds of the principals, their decades of live event experience and their incredible connectivity to the Hip Hop and Latin Urban music genres is exceptional. This is another key win for Metropolis and one in which the company will begin to generate revenues from a previously untapped genre. We look forward to servicing the upcoming concert series for FEYM and are already planning numerous additional events and exploring incremental revenue streams to be shared between the two companies."
About Metropolis Technologies Corp.
Metropolis has a strategic platform to capitalize with the present and future way in which businesses, associations, artists & entertainers, venues and consumers communicate, create partnerships and develop revenue generating activities and transactions within the online universe. Our mission is to innovate - bringing the power, ease of use and massive reach of the internet together with our constantly evolving software solutions to deliver better products, customized services and unique business solutions. Today, Metropolis is offering highly advanced, scalable e-ticketing and portal solutions to clients in North America, South America and the Caribbean with a deeper commitment to provide our products and solutions to clients and consumers on a Global scale.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased" "plan," "confident that," "believe," "expect," "intend to," or "anticipate" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the company's SEC reports and filings. All forward-looking statements are based on information available to Metropolis Technologies Corp. on the date hereof, and Metropolis Technologies Corp. assumes no obligation to update such statements.
Metropolis Technologies Corp. Michael Smith, CEO & President 1-800-352-2138 / 1-786-866-4032 921 Douglas Ave, Suite 100 Altamonte Springs, FL 32714 Fax: 1-305-675-7626
(C) Copyright 2002 PrimeZone Media Network, Inc. All rights reserved.
-------------------- The difference between genius and stupidity is that genius has its limits
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Coastal Holdings, Inc. Announces 1-for-2,500 Reverse Stock Split
Friday , October 06, 2006 15:58 ET
HOUSTON, TX -- (MARKET WIRE) -- 10/06/06 -- Coastal Holdings, Inc. (PINKSHEETS: CSJJ), today announced that its Board of Directors has approved a 1-for-2,500 reverse split of its common stock. The reverse stock split will be effective today.
The purpose of the reverse split is to increase the per share trading price of Coastal Holdings' common stock, thereby appealing to a broader range of investors. To the extent that the reverse split does succeed in attracting more investor interest in the stock, shareholders may also benefit from improved trading liquidity of the stock. According to CFO Yves C. Renaud, the reverse split is a necessary step in the restructuring of Coastal Holdings, including its plans to list the Company's common shares on the OTC Bulletin Board.
Upon execution, CSJJ shareholders will receive one new share of CSJJ common stock for every 2,500 shares held. CSJJ's common stock will begin trading on a split-adjusted basis when the market opens on Monday, October 9, 2006.
For more information on Coastal Holdings and its new strategic growth initiatives, CEO Andrea Cortellazzi advises all shareholders to contact Mr. Yves C. Renaud, CA.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
-------------------------------------------------------------------------------- Coastal Holdings, Inc. Mr. Yves C. Renaud, CA Telephone: 1-514-581-3528 E-mail: y_renaud*sympatico.ca
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