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STTK (.21) Commences Work on the $300,000 Yaletown Park Project
PrimeZone "PrimeZone "
CORTE MADERA, Calif., Sept. 29, 2006 (PRIMEZONE) -- Smart-tek Solutions, Inc. (OTCBB:STTK) announced today that its operating subsidiary, Smart-tek Communications, Inc. ("SCI"), has commenced work on the security, access control and enterphone systems contract for the Yaletown Park project. The value of the contract is in excess of $300,000.00.
The Yaletown Park project consists of three, 30-story high-rise buildings consisting of 735 units. The $200 million project is one of Vancouver's largest residential projects currently underway in the downtown core.
"We are very pleased and excited to have begun our work on this fantastic project," said. Perry Law, President of SCI. "We have built our reputation of providing quality service and completing our work on time and on budget. We are looking forward to demonstrating this once again."
SCI is supplying and installing the integrated proximity access control, elevator access control, intercom and digital CCTV system to the Yaletown Park project.
The project is owned and developed by Yaletown Park Condominium Properties Ltd., a major international developer with a significant presence in North America whose principals have developed many significant projects including Electric Avenue, The Canadian, Wall Centre suites and The Sheraton Wall Centre.
Smart-tek Solutions, Inc. is a technology holding company in the security and surveillance sector and poultry monitoring with its RTAC-PM bird flu containment system, providing turnkey state-of-the-art systems design and installation through its wholly owned subsidiary, Smart-tek Communications, Inc. Smart-tek Communications, Inc. is the company's initial acquisition in this sector and is appropriately positioned to pursue additional acquisitions in order to restore and enhance shareholder value.
Smart-tek Communications ("SCI") is a market leader in providing surveillance technology solutions for the monitoring and containment of the H5N1 virus with the recent introduction of its RTAC-PM system. This scaleable system has been designed to help countries contain the deadly avian flu virus currently threatening the world.
Smart-tek Communications, Inc. is a market leader in integrated security, voice and data communication systems. Located in Richmond, British Columbia, SCI specializes in the design, sale, installation and service of the latest in security technology with proven electronic hardware and software products. SCI has positioned itself as a security systems leader in the greater Vancouver area, supplying over 45% of new downtown core construction projects. Valued customers include major developers, general and electrical contractors, hospitals, Crown Corporations, law enforcement agencies and retail facilities. Projects range from high-end residential and commercial developments to system upgrades and monitoring contracts. SCI's continued growth and success is a direct result of providing a consistently superior product at competitive pricing to both new and existing clients. SCI's stellar client retention is in itself a testimonial to the overall excellence of the product designed and installed.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements regarding the company's business which are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. Readers are directed to the Smart-tek Solutions reports as filed with the U.S. Securities and Exchange Commission from time to time, including but not limited to its most recent annual report on Form 10-KSB for the year ended June 30, 2005 and quarterly report on Form 10-QSB the quarter ended March 31, 2006 for further information and factors that may affect Smart-tek Solutions' business and results of operations. Smart-tek Solutions, Inc. undertakes no obligations to publicly update any forward-looking statements to reflect future events or circumstances.
CONTACT: Peter Nasca Associates, Inc. Peter Nasca (305) 937-1711
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SUUB (.325) Executes Letter of Intent to Acquire Premium Denim Brand Reo Starr LLC
Business Wire "US Press Releases "
LOS ANGELES--(BUSINESS WIRE)--
Sub-Urban Brands, Inc. (OTCBB:SUUB), a multi-brand apparel company pursuing high-margin revenue growth in the global fashion industry, has announced the execution of a non-binding letter of intent to acquire premium fashion denim company Reo Starr, ranked by leading fashion industry sources as one of the top trendsetting brands in the global youth-oriented apparel industry.
With more than 45 retail accounts in Los Angeles, Reo Starr products have already been sold out several times in the city's most prestigious boutique fashion retailers, including Fred Segal in Santa Monica and Lisa Kline in Beverly Hills. Additionally, Reo Starr is exclusively selling in Tokyo's Isetan Department Store, considered the premier department store in Japan. Reo Starr will strengthen Sub-Urban's multi-brand strategy targeting national and influential boutique retailers, while preserving brand equity and developing new revenue streams.
"We're immensely excited to have reached this letter of intent and to launch the next phase of our brand diversification into the premium denim market, the fashion industry's hottest segment," said Joseph Shortal, Chief Executive Officer of Sub-Urban Brands. "The market for premium-denim has more than doubled in the past few years, as has been demonstrated by the success of such fashion companies as True Religion Brand Jeans and 7 for All Mankind."
"The success of Reo Starr worldwide is a result of the high quality of their fit, fabric, trims and washes," said Mr. Shortal. "We believe Sub-Urban can generate significantly increased media and consumer awareness through our own industry-leading marketing and public relations operations, which have already turned our other signature brands, such as WHITEBOY(R) and Mash Culture Lab(TM), into fashion industry and pop culture icons."
Consummation of the Reo Starr acquisition is subject to negotiation and execution of a definitive agreement and satisfactory completion of due diligence investigations.
About Sub-Urban Brands
Sub-Urban Brands, Inc. is a multi-brand company which designs and markets cutting-edge lifestyle apparel that targets the rapidly-growing multibillion-dollar youth consumer marketplace. The Company pursues robust revenue-generating opportunities within multi-tiered retail markets that leverage multiple brands and market segments to create financial success. Sub-Urban is committed to further expansion and increased shareholder value through both the internal development of intellectual property and acquisition of additional brands, as well as to the establishment of new international marketing alliances that will reinforce its recurring and non-recurring revenue streams. Inspired by the energy and vigor of youth, urban and music culture, Sub-Urban is initially focused on creating a family of non-competing brands for its key target consumer, an estimated 40 million 15-29 year olds. Sub-Urban's current portfolio of trademarked apparel and accessory brands includes WHITEBOY(R) for Men, WHITEBOY(R) Girl, Mash Culture Lab(TM), BLACK JESUS(R) streetwear apparel and PYT(TM) styles for younger girls. Consistent with the company's high growth strategies, the Company will be actively marketing these brand offerings to Japan, Canada, Australia and 25 European countries. For additional information, please visit www.whiteboy.com,www.whiteboygirl.com,www.mashculturelab.com, and www.getcocky.com. For more investor oriented information about Sub-Urban, visit http://www.trilogy-capital.com/tcp/sub-urban/. For current stock price quotes and news, visit http://www.trilogy-capital.com/tcp/sub-urban/quote.html. To view an Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/sub-urban/factsheet.html.
Forward-Looking Statements
This press release includes statements that may constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, availability of capital and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Source: Sub-Urban Brands, Inc.
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IRVINE, Calif., Sept. 29, 2006 (PRIMEZONE) -- "The aging baby boomers and omnipresent desire to fight and better treat all forms of cancer are driving research and patent filings that may be of great interest to investors on both an investment and personal health level," stated SmallCap Sentinel analyst D.R. Clark. "The MultiCell Technologies, Inc. (OTCBB:MCET) filing of a patent that provides a potential method for treating a range of malignant tumors using the company's technologies to alter the immune system is a recent example of this."
"Historically, broadening markets drive ingenuity," stated Clark. "And the results can be fantastic and impacting."
An informational report "The Silver Tsunami: Baby Boomers & Biotech Breakthroughs" has been made available via financial courier StockUpTicks.com at www.SmallCapSentinel.com
The report will address Merck Co. Inc. (NYSE:MRK), Pfizer Inc. (NYSE:PFE), Amgen (Nasdaq:AMGN), and 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 is a leading producer of the cell lines needed by the biotechnology industry 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.
To have a public company featured in SmallCap Sentinel or StockUpTicks please use the contact info at the bottom of this release.
Statements made herein contain forward-looking statements and are subject to significant risks and uncertainties that will affect the results. SmallCap Sentinel and StockUpTicks.com are properties of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as to the subject company's plans or ability to effect any proposed actions and cannot project capabilities, intent, resources, or experience.
All information contained herein is based upon sources believed to be reliable but no representation is made as to its accuracy or completeness. This report is neither a solicitation to buy nor offer to sell securities but is rather a paid advertisement provided for information purposes only and shouldn't be used as basis for any investment decision. MP is not an investment advisor and this report isn't investment advice. MP has been paid $1,500 for preparation and distribution of this report and other advertising services by MultiCell Technologies, Inc. This constitutes a conflict of interest as to MP's ability to remain objective in communication regarding subject companies.
CONTACT: Market Pathways/StockUpTicks Kurt Divich, Editor (702) 396-1000
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Watchit Media, Inc. to Delay Filing of Form 10-Q 9/29/2006
LAS VEGAS, Sept 29, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Watchit Media, Inc. (OTC: WMDA) announced today that the Company's filing of its Quarterly Report on Form 10-Q for the quarter ended June 30, 2006 will be delayed beyond the SEC filing deadline. This delay is the result of the Company being unable to devote sufficient resources to the timely preparation and filing of such report without negatively impacting its operations. Watchit Media, Inc. is currently in the process of completing its financial statements for the quarter ended June 30, 2006. The Company expects it will become current with its 10-Q SEC reporting requirement by the end of October.
Watchit continues to work diligently with its current resource capacity to file all required SEC reports as quickly as possible.
About Watchit Media, Inc.
Watchit Media, Inc. is a leader in producing out-of-home place based television programming and advertising on private television networks (narrowcasting) that match the unique interests, lifestyles and buying behavior of captive audiences and one-to-one consumer devices users. Using digital photography, computer editing and our proprietary Internet Protocol television network platform, Watchit produces and presents its video content to gaming and lodging venues across the United States.
Contact Information
James Lavelle Chief Executive Officer Watchit Media, Inc. 3485 W. Harmon Avenue Las Vegas, Nevada 89103 jlavelle*watchitmedia.com (702) 740-1751
SOURCE Watchit Media, Inc. James Lavelle, Chief Executive Officer of Watchit Media, Inc., +1-702-740-1751, jlavelle*watchitmedia.com http://www.prnewswire.com Copyright (C) 2006 PR Newswire. All rights reserved.
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TSC selects Redstone Telecom as main telecomms services supplier 9/30/2006
Sep 30, 2006 (TELECOMWORLDWIRE via COMTEX News Network) -- The Telecom division of Redstone plc, a provider of IT and communications solutions in the UK and Ireland, has been selected by Telecom Service Centres Ltd (TSC), a contract call centre in the UK, as its main supplier of telecomms services.
According to Redstone Telecom, it will provide dedicated telecomms support across TSC's nine call centres, which serve various blue-chip clients in the mobile telecomms, technology and financial services sector.
Redstone's solution replaces TSC's legacy solution and is expected to provide improved cost control, faster fault resolution and the scalability to benefit from next-generation technologies. TSC sought a solution to lower the number of external IT and telecomms suppliers, enabling it to increase operational efficiency and reduce costs, while maintaining its ability to provide quality-of-service.
Redstone Telecom is already regarded as TSC's largest outsourced IT provider, having worked with the company since 2004.
Comments on this story may be sent to tww.feedback*m2.com
US Farms, Inc. Announces Sales for the Month Ending September 30, 2006 10/2/2006
Wholly Owned Subsidiary American Aloe Vera Growers, Sales Continue on Track
SAN DIEGO, CA, Oct 02, 2006 (MARKET WIRE via COMTEX News Network) -- US Farms (OTCBB: USFI) today announced sales for the month ending September 30, 2006 of approximately $74,138. Total sales for the months of July, August and September have exceeded $206,445.
Yan Skwara, President of US Farms, Inc., stated, "These sales figures are in line with our projected sales revenues for September 2006, however; we will continue to push to increase future sales in all our operations. Between our Aloe Vera sales and our Asparagus, which harvests in the first quarter 2007, we are on a steady track for a solid growth phase which will enable us to increase shareholder value long term. Additionally, we will expand our plant and crop line over the coming months which will continue to enhance our top and bottom line. Stay tuned."
About American Aloe Vera Growers, Inc.
American Aloe Vera Growers Inc. is one of the largest growers and suppliers of domestic Aloe Vera. We grow, pack, and ship Aloe Vera Plants, Aloe Vera Produce, and Bulk Aloe Vera Leaves to many brokers, re-wholesalers and direct to many major retailers throughout the United States and Canada. Our facilities are dedicated to Aloe Vera production, which has enabled us to be the leader in Aloe Vera in North America.
For more information on American Aloe Vera Growers Inc., please visit http://www.americanaloe.com. American Aloe Vera Growers, Inc. is a wholly owned subsidiary of US Farms, Inc. US Farms, Inc. is publicly traded on the over-the-counter market under the ticker symbol USFI.
About US Farms, Inc.
US Farms has recently engaged in a number of diverse agriculture business activities. US Farms has commenced the production and distribution of horticultural products through a number of subsidiaries. The company's horticultural products are sold through supermarkets, home centers, retail merchandisers, garden centers, re-wholesalers, and landscapers throughout the United States and Canada. Through internal growth and strategic acquisitions the company is expanding its market share in the produce space. Currently the company is packing, shipping and marketing Aloe Vera as a produce product through one of its subsidiaries.
For more information on US Farms, please visit http://www.usfarmsinc.com. US Farms, Inc. is publicly traded on the over-the-counter market under the ticker symbol USFI.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, our inability to acquire and or build an ethanol production facility, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in US Farms, Inc.'s filings with the Securities and Exchange Commission. These risks could cause US Farms, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, US Farms, Inc.
Contact: US Farms, Inc. Yan Skwara President Tel: 858-488-7775 Fax: 858-488-2828
SOURCE: US Farms, Inc.
Copyright 2006 Market Wire, All rights reserved.
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UPDA (.081) Progress Continues on Catlin Oil and Gas Field -- UPDA Management Tours Site with Representatives of Landmark and Ambient Oct 2, 2006 6:29:00 AM Copyright Business Wire 2006
JACKSBORO, Texas--(BUSINESS WIRE)--
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) subsidiary, Ambient Wells Services, Inc., has been advised by Landmark 4, LLC that 2 more wells were completed last week and can now be turned to production in the Catlin Oil and Gas Field in Jack County, Texas. Landmark has also commenced the rebuilding of all of the separators in the field and laid over 26,000 feet of new natural gas pipeline in preparation for the reinstallation of the rebuilt compressors by the end of this week.
The top management of UPDA spent several hours in the field with Landmark's Steve Swain and Ambient's Gaby Damary this past Saturday, reviewing the progress and preparing for the additional work ahead.
"While I can not say we are surprised by the work that Landmark has completed, I would most definitely say we are impressed," said UPDA Vice President Chris McCauley. "The remediation of the injection facilities, where they have increased the storage capacity from 200 barrels to 600 barrels, installed all new tank batteries with overflow safeties and delivered 15 loads of topsoil, is a demonstration of what a professional oil well service company is able to accomplish. With the additional injection facilities Landmark will be installing, we will be able to produce the entire field without having to haul any water off the site. This should allow for increased production and significantly reduced operating expenses."
"Many of the wells we have reworked will be producing oil while we work to complete the natural gas pipeline," said Landmark's Swain. "Within the next week, we will have moved all of the new production tanks into place and installed one of the new high pressure natural gas compressors to turn the entire north side of the field to production. We expect to complete the remainder of the pipeline within 2 weeks and then we will begin working with Rockey to pick up the pace of the well workovers."
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Source: Universal Property Development and Acquisition Corporation
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Universal Property Development and Acquisition Corporation Jack Baker 561-630-2977 (Investor Relations) info*updac.com
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ICUR (.28) New MicroSpreaders Cool the Rising Heat Wave in Electronic Devices
PR Newswire "US Press Releases "
MIAMI, Fla., Oct. 2 /PRNewswire-FirstCall/ -- Celsia Technologies (OTC Bulletin Board: ICUR) today announced the availability of its MicroSpreader(TM) line of thermal management products equipped with an optimal cooling design for all types of systems and devices. MicroSpreaders, the thinnest and lightest two phase heat spreaders in the industry, are built on Celsia's patented micro thermofluidic design. They are flexible to easily integrate with any electronic device and minimize the required space for cooling. In addition to being thinner and lighter, the MicroSpreaders deliver significantly higher thermal conductivity (heat transfer capacity) versus conventional options such as aluminum, copper, heat pipes and other metal materials used for cooling.
"As a manufacturer and provider of thermal management components and accessories for the electronics industry, we are always looking for the best new innovative solutions to offer to our customers," said Gary Kuzmin, director of ThermaFlo. "We are integrating the Celsia MicroSpreaders into a total solution for telecom base stations and LED lighting applications. The solution, including the high-performance MicroSpreaders, will meet the highest quality standards."
With thermal conductivity of more than 5,000 watt per meter Kelvin (w/m K), MicroSpreaders have a heat transfer capacity 25 times greater than aluminum and 13 times greater than copper, the two most commonly used metal heat conductors. In a given application, MicroSpreaders can increase the cooling system's performance by 25 to 60 percent over other industry solutions. In the area of LED lighting, tests have shown that MicroSpreaders can improve the life of devices by 10-15x.
"The electronics industry needs effective, compact, inexpensive and innovative cooling solutions to keep pace with increasingly small and mobile electronic devices," said George Meyer, Celsia's chief marketing officer and general manager of the Americas and Europe. "What we've done at Celsia is leverage micro thermofluidic technology to create an innovative, cost-effective solution for products across the electronics supply chain. Implications range from increasing the processor speed in a computer or cutting lighting energy costs by an order of magnitude."
Measuring at 1.4mm thick and weighing only 25 grams, the spreaders boast a 28 percent reduction in thickness and 33 percent reduction in weight over competitive products. The razor thin plates or tubes can be built to fit a variety of small and large devices. With no mechanical parts, the MicroSpreaders are noise and vibration free, eliminating the need to reconfigure product design to accommodate the cooling device. Within the plate or tube is an extensive network of micro channels through which pure water moves rapidly, changing from water to vapor and back to water, removing excess heat. The MicroSpreaders can be attached directly to the heat source to enhance cooling capability.
Pricing and Availability
Celsia's MicroSpreaders are shipping now worldwide through Celsia's strategic partnerships. Pricing starts at less than $10.00 (USD) per unit. For more detailed product information or to request a quote, visit www.celsiatechnologies.com, call 1-305-529-6290 or email info*celsiatechnologies.
About Celsia Technologies
Celsia Technologies is a full solution provider and licensor of thermal management products and technology for the PC, consumer electronics, lighting and display industries. The company is a leader in developing and commercializing next-generation cooling solutions built on patented micro thermofluidic technology. Celsia Technologies' extensive intellectual property portfolio includes patents registered in Korea, the U.S., Japan and Taiwan, with patents pending in the EU, Russia, India and in China. Celsia Technologies is the brand name of iCurie, Inc. For more information visit: http://www.celsiatechnologies.com /.
NOTE: MicroSpreaders is a registered trademark of Celsia Technologies.
Editorial Contact: Linda Quach The Hoffman Agency (408) 975-3013 lquach*hoffman.com
SOURCE Celsia Technologies
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PHLH (.023) to Sell Equity and Management Stake in Southpark Community Hospital for $3 Million
Business Wire "US Press Releases "
MIAMI--(BUSINESS WIRE)--
Pacer Health Corporation (OTCBB:PHLH), an owner-operator of acute care hospitals, medical treatment centers and psychiatric care facilities in the Southeastern United States, announced today that it has signed a binding letter agreement to sell its 60 percent ownership stake in Southpark Community Hospital to Southpark Holdings II, LLC, a Louisiana company, at a purchase price of $2 million.
As part of the transaction, Pacer Health also terminates its management agreement with Southpark Community Hospital, a 54,000-square foot, acute care facility located in South Lafayette, Louisiana, for a separate consideration of $1 million. This brings the asset sale total to $3 million.
The sale is pending the completion of definitive documentation, required filings and governmental approvals. Pacer Health and Southpark Holdings II anticipate no interruption of service at the hospital during the execution phase of this agreement, which is expected to be finalized no later than October 2, 2006.
Meanwhile, complete day-to-day management and operational control of Southpark Community Hospital already has been successfully transferred to Southpark Holdings II.
"The sale of our equity and management holdings in Southpark Community Hospital will strengthen our working capital and positively impact our balance sheet," said Rainier Gonzalez, chairman and CEO of Pacer Health. "We believe we have left our mark on the local community as we successfully restructured Southpark's operating procedures and improved the quality of patient care over the past year, and we leave the facility in very capable hands."
Southpark Community Hospital primarily serves the residents of South Lafayette, Youngsville and Broussard, Louisiana. The hospital offers a comprehensive suite of acute care services including inpatient and outpatient surgery, radiology services and 24-hour laboratory. Southpark's facilities include spacious private patient rooms, 16 PACU/RR observation beds, 16 acute care beds and three intensive care beds. Pacer Health acquired its 60 percent ownership interest in Southpark Community Hospital and concurrently assumed management of the hospital in December 2005.
About Pacer Health Corporation
Pacer Health Corporation is an owner-operator of acute care hospitals, medical treatment centers, and psychiatric care facilities serving non-urban areas throughout the Southeastern United States. Please visit http://www.pacerhealth.com for more information.
Legal Notice: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Pacer Health disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions, actions of our competitors, and changes in our business strategies.
Source: Pacer Health Corporation
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GRMK (.20) Film "Cloud 9" to Be Aired Nationwide on Pay-Per-View
Business Wire "US Press Releases "
Oklahoma City--(BUSINESS WIRE)--
Graymark Productions Inc. (OTCBB:GRMK) announced today that its feature film "Cloud 9" will air nationwide, for thirty days as a pay-per-view/video-on-demand selection on various cable networks beginning November 1, 2006. The license with the cable networks was arranged by Pinnacle Entertainment, LLC, who acts as broadcast sales agent for "Cloud 9."
"Cloud 9," a comedy starring Hollywood icon Burt Reynolds, Angie Everhart, D.L. Hughley, Paul Rodriguez, and volleyball champ Gabrielle Reece was produced by Academy Award-winning Hollywood producers Al Ruddy (Million Dollar Baby, Godfather, The Longest Yard, Cannonball Run), and Graymark President, Gray Frederickson (Godfather II, & III, Apocalypse Now, Bad Girls). Other producers include Brett Hudson, Burt Kerns, and John Simonelli.
Graymark President Gray Frederickson stated, "We feel that this film, a Burt Reynolds comedy with a great cast, will find a large audience in this venue."
This press release may contain forward-looking statements which are based on the Company's current expectations, forecasts and assumptions. In some cases forward-looking statements may be identified by forward-looking words like "would," "intend," "hope," "will," "may," "should," "expect," "anticipate," "believe," "estimate," "predict," "continue" or similar words. Forward-looking statements involve risks and uncertainties which could cause actual outcomes and results to differ materially from the Company's expectations, forecasts and assumptions. These risks and uncertainties include risks and uncertainties not in the control of the Company, including, without limitation, the current economic climate and other risks and uncertainties, including those enumerated and described in the Company's filings with the Securities and Exchange Commission, which filings are available on the SEC's website at www.sec.gov. Unless otherwise required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Graymark Productions Inc.
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BPMT (.09) Gains Order From Major Northeast Drug Store Chain
Market Wire "US Press Releases "
NORTH HOLLYWOOD, CA -- (MARKET WIRE) -- 10/02/06 -- BioPharmetics, Inc. (PINKSHEETS: BPMT) announced the company has received an initial order from Drug Fair, a large retail pharmacy company located in New Jersey, and will place the RescuDerm(TM) products in their chain of 40 stores throughout the greater New Jersey area.
Drug Fair will stock the patented RescuDerm Heat and Sunburn Formula. RescuDerm is non-toxic, fragrance-free, non-comedogenic, and hypoallergenic gel used for almost any type of burn to the body.
"Our company is extremely excited about placing the RescuDerm products in Drug Fair. This product, as with all of BioPharmetics products we either manufacture or represent, is the best solution for any burn you may get, whether in the sun or the kitchen. We feel confident that this product will be received well with the Drug Fair customers and will continue our company on its path to exceed our sales goals of $3.5 million for fiscal year 2007," stated Ben Friedman, President of BioPharmetics, Inc.
For more information about all of BioPharmetics, Inc. products, please visit the website at www.biopharmetics.com
About BioPharmetics, Inc. (PINKSHEETS: BPMT)
BioPharmetics, Inc. is a manufacturer and distributor of quality pharmaceutical, cosmetic, and anti-aging products. The company has three divisions: biotechnology, pharmaceuticals, and cosmetics/cosmeceuticals, working in unison to develop, manufacture, and distribute, high-quality products in the retail, wholesale, and professional markets. Brands currently offered include Toma(TM), Isseo(TM), Molo Africa(TM), Micha(TM), and Natural Angel(TM). BioPharmetics, Inc. also private labels many brands of cosmetics and cosmeceuticals for salons and retail stores as well as compounding specialized prescriptions for doctors nationwide.
Safe Harbor
This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
Contact: FutureTechIR for BioPharmetics Investor Relations (817) 812-2105 or (727) 417-9338
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IVAY (.28) Awarded Major Contract to Conduct Personnel Background Checks
Business Wire "US Press Releases "
CHICAGO--(BUSINESS WIRE)--
Investigative Services Agencies, Inc. (Pink Sheets:IVAY), a Chicago-based security- and investigations-oriented firm, has announced it was selected by U.S. Investigations Service (USIS), one of the nation's largest background check companies, to assist in providing personnel clearances for U.S. government agencies and approved government contractors.
James J. Miller, President of Investigative Services Agencies, Inc., said, "We will be immediately increasing our staff and opening satellite offices in several cities to accommodate the needs of this important contract opportunity. While our initial call up responsibilities will require 50 special agents with security clearances, we anticipate hiring more than 400 new employees and a multimillion-dollar increase in revenues over the term of this contract."
"USIS is pleased to be working with Investigative Services Agency, Inc. in this important effort and looks forward to a long-term strategic relationship with ISA as a key small business supplier," said Michael Santelli, Vice President of Finance and Contracts of USIS.
"The investigations industry, with emphasis on personnel background checks, has been growing exponentially since 9/11, both with respect to government agency processes and major corporation activities. Investigative Services Agency, Inc. will be dedicating a substantial portion of our resources to this area," Miller concluded.
Caution Concerning Forward-Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of management of Investigative Services Agencies, 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 U.S. Investigative Services' contract with the U.S. government; changes in the arrangement regarding U.S. Investigative Services' subcontract with Investigative Services Agencies; our ability to provide services satisfactory to both our contractor and the U.S. government; economic, business, competitive, technological and/or regulatory factors; and other factors affecting the operation of the businesses of Investigative Services Agencies, Inc. Investigative Services Agencies, 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.
Source: Investigative Services Agencies, Inc.
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Monday, October 02 2006 8:30 AM, EST Admiralty Holding Company Completes Financing Market Wire "US Press Releases " DOUGLASVILLE, GA -- (MARKET WIRE) -- 10/02/06 -- Admiralty Holding Company (OTCBB: ADMH) (Admiralty) announced today that it has completed a financing involving the sale of $600,000 in secured convertible notes ("Notes") coupled with five-year warrants to acquire common stock. Under the terms of the Notes, the unpaid principal balance, together with any accrued interest thereon, is due and payable three years after the issuance to the extent not converted into common stock. The financing was obtained through the NIR Group of Rosalyn , New York . More details concerning the financing can be found in Admiralty's Form 8-K on this subject filed by Admiralty with the SEC on October 2, 2006 . Admiralty is using the proceeds from the financing to pay current accounts payable and complete the first ATLIS(TM) field unit and for operating capital and general corporate purposes. Admiralty expects to have a working commercial ATLIS(TM) unit soon and is diligently working to ensure that this unit is completed and operational as soon as possible. Please visit our web site www.admiraltycorporation.com for other news. Forward-Looking Statements Caution: This release contains "forward-looking statements." Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on expectations, estimates and projections that involve a number of risks and uncertainties (some of which are described in the Company's Annual Report for 2005 on Form 10-KSB filed with the SEC) which could cause actual results or events to differ materially from those anticipated. Admiralty does not undertake to update any of its forward-looking statements that may be made from time to time. Company Contact: Admiralty Holding Company G. Howard Collingwood COB & CEO 877-948-7327
Monday, October 02 2006 8:31 AM, EST MSSI Wins Physician Services Contract Business Wire "US Press Releases " VIENNA, Va .--(BUSINESS WIRE)-- Medical Staffing Solutions, Inc. (OTCBB:MSSI), an established provider of medical personnel and technology services to government and commercial clients, was awarded a new contract for Physician services at General Leonard Wood Army Community Hospital (GLWACH) in Fort Leonard Wood, Missouri through its wholly-owned subsidiary, TeleScience International, Inc. (TII). This new contract award for MSSI requires the company to provide the services of multiple Family Practice Physicians on a full time basis, plus some overtime and rotational on-call work. The contract performance period is for five years, and is valued over $1.7 million . The contract is a personal services contract; therefore the cost of malpractice insurance is covered by the government. Dr. Sahay, President and CEO of MSSI said, "This contract award adds a new client to our base and one more state on the map for us. Of the spectrum of medical professionals TII provides, Physicians are the highest billable and most prominent category. We are excited to have won this multi-physician contract at Fort Leonard Wood for one base year plus four option years. This will certainly assist us in our efforts towards achieving profitability for MSSI." About MSSI-TeleScience In operation since 1992, MSSI-TeleScience International, Inc. is a provider of long-term medical personnel and technology services to federal, state and local government agencies and to the private sector. The Company's Medical Services Division has operations in ten (10) states servicing hospital and medical facilities with a complete range of medical staff, including doctors, nurses and technicians. The Company holds multiple long-term contracts, including those with the U.S. Army, the U.S. Department of Health and Human Services and the state of California . The Company's Technology Division provides systems integration and information technology services to the federal government, as well as emergency equipment, decontamination products, vehicles and supplies to state and local governments. For more information, visit the company's website at www.telescience.com. Legal Notice Regarding Forward-Looking Statements: "forward-looking statements'' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. MSSI-TeleScience disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand, market acceptance of our services and changes in our business strategies. Source: Medical Staffing Solutions, Inc.
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NEXH (.0003) Nexia Expands Black Chandelier Retail Operations
Business Wire "US Press Releases "
SALT LAKE CITY--(BUSINESS WIRE)--
Nexia Holdings, Inc. (OTCBB: NEXH) announced today that its subsidiary, Gold Fusion Laboratories Inc. (GFL), executed a lease for a 1,504 square foot retail location in The Shops at Riverwoods, located at the southeastern corner of 4800 North Street and University Avenue in Provo, Utah. Architect Horn & Partners and a contractor, CRC Construction, have both been retained to complete the construction/renovation for the space. "We are focused on artistic build-outs that create a sense of wonder and function as tourist attractions," commented lead Black Chandelier designer, Jared Gold, on the company's plans to open at least 30 additional stores over the next five years. The Riverwoods opening is slated for early November, just in time for the holiday sales season. Revenues of $420,000 are anticipated for this location's first year of operation.
The plans for additional locations rolled out across the United States over the next 5 years and working with blue chip companies such as General Growth Properties (NYSE:GGP) and Simon Property Group (NYSE:SPG) has created a grand opportunity for Black Chandelier to bring its specialized vision and eccentric product directly to consumers. "I expect producing premier and high profile locations will contribute greatly to the success of Black Chandelier," stated Richard Surber, CEO of Nexia Holdings, Inc. Mr. Surber continued, "Black Chandelier is a more artistic alternative to retailers such as the Gap, Inc. (NYSE:GPS). Nexia is becoming a major force in the retail clothing industry."
GFL currently operates 2 Black Chandelier retail locations in Salt Lake and a store on the web at www.blackchandelier.biz. Black Chandelier designs, produces, and manufactures a majority of the items sold under the trademarks: Black Chandelier, Jared Gold, Olfactory Surrealism and Pink Chandelier. The stores also carry merchandise from Wrangler Jeans, Le Sportsac, Taschen books, Lomography Cameras, and Tokidoki Italy. To find additional information about Black Chandelier go to www.blackchandelier.com.
Nexia is a holding company with real estate and retail operations. Nexia strongly encourages the public to read the above information in conjunction with its Form 10-KSB for December 31, 2005 and for the subsequent quarters during 2006. Nexia's disclosures can be viewed at www.nexiaholdings.com and www.sec.gov.
This press release contains forward-looking statements that are based on a number of assumptions, including the successful completion of the marketing plans and expansion of Black Chandelier operation in a short period of time. The above statements further assume that Nexia can obtain at least $250,000 in additional capital over the next 30 days to execute expansion plans through outside investments including but not limited to obtaining significant leasehold improvements and sufficient lines of credit to fund the design and manufacture of Black Chandelier products. Nexia's assumptions are further contingent upon the appeal of its products and concepts to at least one major or national REIT or other retail shopping mall owner. There are no assurances that such assumptions will prove correct. These forward-looking statements involve a number of risks and uncertainties, including an expectation of substantial increase in sales. The actual results that Nexia Holdings may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
Source: Nexia Holdings, Inc.
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TelePlus Enters Q4 With Stronger Than Anticipated Demand for Its MX Mobile Product TelePlus Enterprises, Inc. (OTCBB: TLPE) (FRANKFURT: YT3) (www.teleplus.ca) ("TelePlus" or the "Company") is pleased to announce that its wholly owned subsidiary, Maximo Impact, Corp., which launched last month its new MVNO brand, MX Mobile, has witnessed stronger than anticipated demand for its product by distributors across key markets in the US. Assuming strong demand for the product continues throughout the 4th quarter and launching additional marketing initiatives for Liberty Wireless, the Company anticipates the strongest 4th quarter in the Company's history. In the first six months of 2006, TelePlus already recognized in excess of $13 million in revenue and this excludes any contributions from our new MX Mobile product line.
"Liberty Wireless has a well-established retail distribution presence which allows customers to top-up their monthly plans and a highly developed online presence to support new sales. Nonetheless, we recognized after our acquisition of Liberty that we needed to capitalize on growing a sufficient retail market share. The acquisition of Maximo Impact and the addition of two well-experienced retail marketers was the right choice to address the expansion," commented Marius Silvasan, TelePlus' CEO. "Although it's early to provide guidance on our 4th quarter and year-end revenues due to various elements of our business strategy that can still impact preliminary results, we are encouraged by the early high demand for MX Mobile and we will look forward to MX Mobile contributing to a strong 4th quarter performance," added Silvasan.
TelePlus Enterprises, Inc. ("TelePlus") is a diversified North American telecommunications company with offices in Miami, Florida; Cleveland, Ohio; Montreal, Quebec; and Barrie, Ontario. TelePlus was founded in 1999 and it has since become a leading provider of wireless and telecommunications products and services across the U.S.A. and Canada. In October 2003, TelePlus became a publicly traded Company on the OTCBB under the symbol TLPE and since then it has continued to grow organically and through strategic acquisitions. The company's wholly owned subsidiaries include TelePlus Wireless, Corp. which operates a prepaid MVNO (Mobile Virtual Network Operator) under the Liberty Wireless brand; Maximo Impact, Corp. which operates a pay-as-you-go MVNO under the MX Mobile brand and TelePlus Connect, Corp. which resells landline, long distance and internet services under the Telizon, Freedom and Liberty brands. The company's websites include www.libertywireless.com,www.vivaliberty.com,www.maximoimpact.com and www.telizon.biz among others.
Maximo Impact, Corp. specializes in marketing and distribution as an MVNO (Mobile Virtual Network Operator) in the US and resells pay-as-you go wireless service under the MX Mobile brand to mass merchandisers, general retailers and c-channel retailers calling on convenience stores and gas stations. The subsidiary is based in Cleveland, Ohio.
The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development and acquisition of new product lines and services, government approval processes, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties, and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. TelePlus Enterprises, Inc. takes no obligation to update or correct forward-looking statements.
Source: Market Wire (October 2, 2006 - 5:30 AM EST)
CHICAGO, Oct 02, 2006 (BUSINESS WIRE) -- James Monroe Corporation (Pink Sheets:JMCP) has retired shares from a buyback of 2 billion shares prior to September 29, 2006.
The new share structure will be posted on the company web site after the company receives the new numbers in writing to have on file.
Taylor Moffitt said, "Everyone has been very busy. It has been a great run of long days, nights, and weekends filled with work. Aside from adding all of the new equipment to the shop, from our last expansion, so that we are ready for full production, we have also been welding, painting, and assembling the customer training and R&D ethanol plant. Most ethanol plants take well over a year to construct, but our project has been going up so quickly that we may end up having to wait on permits--that's spectacular progress and will give us a feather in our cap, if we can beat all of the permits. We have hired new fabricators and workers, and a new executive who will start with us soon. Floyd Butterfield has been continuing to improve our engineering, and regarding his latest modifications, told me, 'It will knock your socks off.' Outside of the US, particularly in developing countries, the small ethanol plants have been well received, and we have initial purchase orders. In the office, we have been installing control systems for tracking every penny, as requested by a PCAOB auditor. We are nearing a final selection of a PCAOB auditor, and are looking forward to being a reporting company. At the same time we have been finishing off one of the Northland Home Solutions houses, so that we can sell it. We have continued to work on mergers and acquisitions. Other parties have continued to show interest."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: James Monroe Capital Corporation
James Monroe Capital Corporation, Northbrook Chris McGovern, 847-418-3848
Copyright Business Wire 2006
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ACHI (.038) Signs Multi-Million Dollar Sales and Marketing Agreement With West Bridge Technology International Inc.
Market Wire "US Press Releases "
PLYMOUTH, MI -- (MARKET WIRE) -- 10/02/06 -- The Board of Directors of Americhip International, Inc (OTCBB: ACHI) announced that the Company has signed an exclusive sales and marketing agreement valued in excess of $22M with West Bridge Technology International Inc. of Dallas, TX. This agreement provides for the exclusive rights to the sales and marketing in the Middle East oil producing countries for AmeriChip's Flexible Manufacturing System using the Company's LACC technology and other industry technologies developed for the production of threaded pipe for the oil and gas pipe industry.
The Company reported on August 16, 2005 that it had developed a Flexible Manufacturing System for the dry machining of oil pipe threads. This technology significantly reduces the time and cost of producing quality threads on oil pipe of all sizes by eliminating long stringy metal chips and their material handling problems. The LACC process has given AmeriChip International a platform for the creation of flexible automated production lines that thread and inspect oil pipe with significantly faster production all under one roof. The LACC Flexible Machining System is expandable to accommodate the size of the pipe and the various inspection goals that are used to complete a pipe for the field.
"This not only lowers the cost to produce oil pipe, but significantly reduces thread leaking due to long stringy metal chips, coolant pitting and uncontrolled ovality. This system also reduces the cost of handling due to the complete flexible automation system under one roof instead of trucking pipe to each phase of manufacturing," said Edward Rutkowski, the original patent holder and developer of this system.
The creation of razor sharp chips in the machining of oil pipe up to 45 feet in length with a diameter up to 24 inches is an everyday hazard in safety, thru put and environmental disposal. Coolant has also been found to cause pitting on the threads of the oil pipe which if not corrected can cause an embolism when the oil pipe is under pressure. These leaks are dangerous, costly and difficult to resolve in the field. This will also reduce both the warranty costs for the producer of pipe and also the capital equipment investment for that producer.
West Bridge Technology International, Inc. provides cutting-edge technology solutions from innovative companies in countries requiring technology to improve the quality of life for their citizens.
West Bridge Technology International, Inc., headquartered in Dallas, TX, acquires and manages state-of-the-art products that meet the needs of Business, Government and Health Care. West Bridge has a unique position that gives it a competitive advantage against other providers of technology. The Company is founded on the principle of delivering technology through its extensive network of offices around the world. With offices strategically located and a complex network of highly qualified partners West Bridge is capable of launching products to many nations across the globe. West Bridge is also positioned to capture significant market share of the global marketplace and will deliver a strong return on investment (ROI). This is achieved through the combined strengths of management expertise in technology selling, worldwide experience and strategic partners that understand the politics of the regions.
"West Bridge Technology International is committed to delivering orders for two (2) systems in the first 6 months of this agreement with Americhip being capable of delivering more systems to suit increased demand. The agreement provides for both partners to receive royalty payments and technology fees for each length of pipe manufactured using AmeriChip's LACC technology. The signing of this agreement is the culmination of a project that Americhip has been working on for over a year and is positioned to deliver a shippable unit in 26 weeks upon receipt of order," said Jim Miller, Executive Vice President Sales and Marketing.
"West Bridge is very pleased to have the opportunity to work with such a dynamic company like AmeriChip. We believe the LACC technology is the most innovative we have encountered and are confident that it will change the oil patch industry as we know it. Our executive team is proud and privileged to represent AmeriChip," stated Troy Cooper, Executive Vice President and COO of West Bridge Technology International.
Headquartered in Plymouth, MI, U.S.A., AmeriChip International Inc., a patented technology company, holds a patented technology known as Laser Assisted Chip Control, the implementation of which results in efficient chip control management in industrial metal machining applications. This technology provides substantial savings in machining costs of certain automobile parts providing much more competitive pricing and more aggressive sales approaches within the industry.
The innovative AmeriChip business model, enhanced by its AmeriChip Tool and Abrasives subsidiary, is designed to establish an extensive resource for cost saving services and products that all cost conscious industrial steel and aluminum machining companies require. AmeriChip is committed to keeping jobs in America for Americans.
For more information, visit our website at www.americhiplacc.com or, contact R. Windsor at 905-898-2646 or, send an e-mail to r.windsor*americhiplacc.com.
This release may include projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable; it can give no assurances that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.
Contact R. Windsor 905-898-2646 r.windsor*americhiplacc.com
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GOJO (.20) Signs Distribution Agreement with Digicomp; Portuguese Thin-Client Experts to Distribute GO-Global Application Delivery Solution
Business Wire "US Press Releases "
SANTA CRUZ, Calif.--(BUSINESS WIRE)--
GraphOn Corp. (OTCBB:GOJO), a leading worldwide developer of server-based application publishing and Web-enabling software solutions, today announced a software distribution agreement with Digicomp to distribute the GO-Global family of thin-client, server-centric solutions in Portugal.
GO-Global is a fast, simple and affordable solution that provides instant Web-based access to centralized Windows, UNIX and Linux applications from any location, platform and operating system. With GO-Global's instant application delivery solution, there is no need to rewrite applications for the Web or deploy complex infrastructure such as Microsoft Windows Terminal Services, Citrix Presentation Server, or client-side X servers. GO-Global reduces the costs and complexities of centralized application delivery.
"Because we specialize in the thin-client market, we have been searching for a simple alternative with a lower TCO than Citrix," said Digicomp Manager Jorge Sousa. "With GraphOn's GO-Global solution, our sales team and our reseller network will now be able to offer higher productivity and lower communications and management costs to government agencies and the hundreds of small businesses in our country."
"We are very pleased to announce this partnership agreement," said Tom Castanzo, GraphOn's Business Development Director for EMEA. "Digicomp is a solid, well-established distributor of thin-client solutions, with a long history of providing outstanding products, expertise and support."
About Digicomp
Headquartered in Lisbon, Portugal, Digicomp is a leading distributor of hardware and software products in Portugal and Spain, including Wyse and BOSaNOVA thin-client hardware. Digicomp was founded in 1981 and has extensive experience in networking and thin-client deployments. For further information, call +351.218.488.418 or visit www.digicomp.pt.
About GraphOn Corporation
GraphOn Corporation is a publicly-traded company headquartered in Santa Cruz, California. For over a decade, GraphOn has been an innovator of cost-effective, advanced solutions that help customers access applications from anywhere. GraphOn's high-performance software provides fast remote access, cross-platform connectivity, and a centralized architecture that delivers a dramatically lower cost of ownership. The company's solutions run under Microsoft (MSFT) Windows, Linux and UNIX, including Sun (SUNW) Solaris, IBM AIX, Hewlett-Packard (HPQ) HP-UX, and others. For more information, call 800-GRAPHON in the USA, +44.1344.668534 in Europe, or visit www.graphon.com.
This press release contains statements that are forward looking as that term is defined by the United States Private Securities Litigation Reform Act of 1995. These statements are based on current expectations that are subject to risks and uncertainties. Actual results will differ due to factors such as shifts in customer demand, product shipment schedules, product mix, competitive products and pricing, technological shifts and other variables. Readers are referred to GraphOn's most recent periodic and other reports filed with the Securities and Exchange Commission.
GraphOn and GO-Global are registered trademarks of GraphOn Corp. All other trademarks belong to their respective owners.
Source: GraphOn Corp.
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PFSD (.155) President and CEO Comments on Company First Profitable Quarter
Business Wire "US Press Releases "
RACINE, Wis.--(BUSINESS WIRE)--
Pacific Sands (NASDAQ OTCBB: PFSD) president and CEO, Michael Wynhoff comments on the company's first-ever profitable quarter:
The following are excerpts from the cover letter that is included in the printed version of the company's recently filed 10-KSB. For the full text of the letter, or to request a copy of the filing, please visit:
Fiscal year 2006 was one of validation on multiple fronts for Pacific Sands, our management team and our shareholders. Through the combination of careful management of our expense structure and a dedication to a carefully crafted marketing and sales strategy, Pacific Sands, Inc. achieved its first ever profitable quarter in the 4th quarter of fiscal 2006.
Pacific Sands' ecoONE(R) products are now sold or distributed by more than 200 retail outlets. Our products have also been added to the portfolio of major pool and spa product distribution centers. More importantly, we now have OEM manufacture and distribution deals with two major U.S. Spa manufacturers. At the end of our previous fiscal year, we estimated that between 50 and 70 new customers tried our spa system every month. We now estimate that number to be nearing 1,700.
In addition to our expanding presence in the pool and spa chemical market, we are making our initial inroads into the environment and health-friendly household cleaning product market.
Environment and health-friendly, nontoxic products are at the leading edge of rapid growth in the consumer marketplace. We have targeted three key factors that are essential to our continuing and future growth and our eventual emergence as a leader in that sector:
1) Respond swiftly to changing market dynamics and customer demands.
2) Supply new and innovative products to that market and its customers.
3) Communicate our product's message to that market.
In conclusion, we believe that our winning combination of responsible, skilled management and staff, our aggressive marketing initiatives, our unique product offerings and our demonstrated ability to turn those products into profit, all combine to give Pacific Sands the edge we need to become an emerging leader in the rapidly-expanding earth, health and kid-friendly market.
Sincerely,
Michael L. Wynhoff
President / CEO
Pacific Sands, Inc.
Safe Harbor Act Disclaimer
The statements contained in this release and statements that the company may make orally in connection with this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in the forward-looking statements, since these forward-looking statements involve risks and uncertainties that could significantly and adversely impact the company's business. Therefore, actual outcomes and results may differ materially from those made in forward-looking statements.
Source: Pacific Sands
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MODC (.04) Signs Letter of Intent to Acquire Boveran, Holding the World Most Accurate Cancer Detection System
PrimeZone "PrimeZone "
OXFORD, Miss., Oct. 2, 2006 (PRIMEZONE) -- Modern Technology Corp (OTCBB:MODC), a diversified technology development and acquisition company, today announced its subsidiary, Insight Medical Group, has signed a Letter of Intent to acquire 100% of the assets and intellectual and technology rights to the Boveran iCyte cancer detection system. Insight Medical Group will be the operational arm bringing this technology to a multi-billion dollar international market.
The Boveran's unique cancer detection system, iCyte, is based on chromosomal imbalance, the only cell trait common to all forms of cancer and never found in healthy cells. From a biopsy or tissue sample, this technology rapidly and accurately identifies cancer at any stage in its development. At the same time it has the added benefit of identifying cancer-free biopsies. iCyte technology, once applied to a cell sample, can return a reliable test result within minutes.
What makes this system exclusive is its ability to sample any form of biopsy or tissue suspected of cancer. It eliminates previously unreliable, subjective and error-prone conventional diagnoses, delivering within minutes an automated and objective report with the highest accuracy rate of any diagnostic system in the world.
iCyte's detection method is especially important for the reliable and early discovery of breast, cervical, and prostate cancers. The dependable elimination of false-positives, false-negatives and indeterminates from any tissue source is the hallmark of the iCyte system. The high rate of error in the current testing protocols has been the bane of the cancer diagnostic industry throughout its entire history. For the first time, the trustworthy results of iCyte diagnostics eliminate these challenges.
The iCyte system was developed with the direction of Dr. David Rasnick, based on research with Dr. Peter Duesberg. Their research has yielded the only comprehensive, coherent and productive theory of cancer that explains its genesis, evolution and characteristics. From this foundation of solid science, the iCyte cancer detection system was created.
The system has undergone pre-clinical testing and has proven itself to function as expected and deliver accurate and rapid results. The iCyte system's cellular scanning technology can deliver information that can be used to immediately determine the presence or absence of cancer in any biopsy sample without the up to 50% error rate common of current procedures. The iCyte system removes false negatives and the equally important, but often overlooked, problem of false-positives that millions of patients experience annually.
The market space for this diagnostic tool is massive and competition-free. No other system in the world can analyze biopsies from any tissue source for the cell characteristic targeted by iCyte. The company believes the iCyte system will quickly become the de facto gold standard for determining the presence or absence of cancer.
iCyte can be applied to all forms of cancer. No other cancer diagnostic system in the world can be applied to more than a few targeted types of cancer and even then not as reliably because they do not use the technique found in iCyte. iCyte delivers the highest accuracy rate of any technique in existence. iCyte is unique in the world by its approach and measurement of the common denominator that all cancers share.
Anthony Welch, Chairman said: "This acquisition is the single most important moment for the company and the finest moment in my professional career. The technology and the people involved behind it are all world-class. We are entering a multi-billion dollar market space with a completely unique and proven technology that has no rival or peer. We will release frequent updates on Insight Medical Group's operational progress, revenue expectations, and international expansion for this system. The company will rapidly appear in the international spotlight for a variety of reasons. We will have the world's expectations set high for us and we intend to fulfill that obligation with absolute professionalism, performance, and solid science. All of our recent corporate changes have been made to better align the company to supporting this new effort and the outstanding individuals behind it."
About Dr. David Rasnick and Dr. Peter Duesberg
Dr. David Rasnick, with 25 years experience, holding 9 patents, worked in the pharmaceutical/biotech industry on cancer, emphysema, arthritis, and parasitic diseases. A critical turning point was in 1996, when Dr. Rasnick joined Professor Peter Duesberg at University of California at Berkeley. This union began a new and exciting understanding of cancer, creating a paradigm shift and resolving the inherent problems faced by the current school of thought. In less than 3 years, Rasnick and Duesberg established Boveran, Inc. With Rasnick's leadership Boveran grew to provide a unique and completely accurate method of detecting all forms of cancer and pre-cancerous conditions.
Peter H. Duesberg, Ph.D. is a professor of Molecular and Cell Biology at the University of California, Berkeley. He isolated the first cancer gene through his work on retroviruses in 1970, and mapped the genetic structure of these viruses. This, and his subsequent work in the same field, resulted in his election to the National Academy of Sciences in 1986. He was also the recipient of a seven-year Outstanding Investigator Grant from the National Institute of Health.
In 1987 he argued HIV is not the cause of AIDS and has published a number of scientific papers on this topic including the now famous book "Inventing the AIDS Virus."
In 2003, Scientific American explained Rasnick and Duesberg's new understanding of cancer in a major article, placing their discoveries in the context of 100 years of cancer research. A recent internet search revealed nearly a thousand citations of Rasnick and Duesberg's work.
About Insight Medical Group
Insight Medical Group is a specialized biosciences development company whose mission is to bring world changing medical technology and research to market in the areas of cancer and AIDS.
About Modern Technology Corp
Modern Technology Corp, a diversified technology development and acquisition company, builds revenues through continuous growth, strategic acquisitions, and commercialization of nascent technology. MODC improves operating efficiencies through the elimination of cost redundancies and realized synergy between subsidiaries. Web Address: http://www.moderntechnologycorp.com
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
CONTACT: Modern Technology Corp Anthony Welch (601) 213-3629
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WNBD (.06) Goes E-Commerce With Home Depot.ca
Market Wire "US Press Releases "
BARRIE, ON -- (MARKET WIRE) -- 10/02/06 -- Winning Brands Corporation (PINKSHEETS: WNBD) announces that The Home Depot Canada has activated on-line sales of Winning Colours Multi-Cleaner® to supplement its national listing and qualification under Home Depot's Eco Options program. This extends the reach of Winning Colours Multi-Cleaner® to every home and business address in Canada.
On-line sales for Winning Colours Multi-Cleaner® at The Home Depot is significant because it provides The Home Depot and Winning Brands Corporation with access to the full range of Home Depot merchandising opportunities for mutual success. The Home Depot is the world's largest home improvement specialty retailer with 2,082 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, 10 Canadian provinces and Mexico. Eco Options is an initiative by The Home Depot to give consumers fresh environmentally friendly product options for their home using products that improve energy and water efficiency, air quality, reduce toxicity for a healthier lifestyle and save money. Winning Colours Multi-Cleaner® is one of approximately 1,300 specially selected products for this category. Winning Colours is an advanced clean-up solution gaining attention from consumers and industry for its versatility and safety. It converts oil based (and other) messes into simple clean-up with plain water amongst many uses. Winning Brands announced earlier that Winning Colours Multi-Cleaner® will be carried by Home Depot Canada's Paint Department but be packaged with instructions for use in many household applications because of its kindness to skin and the environment. On-line sales are an important addition to this marketing co-operation in order to enhance its impact.
Winning Brands Corporation CEO Eric Lehner regards this development as a milestone because it integrates the bricks and mortar retail presence of Winning Colours Multi-Cleaner® with the power of on-line sales for the best of both worlds. "The Home Depot has taken a leadership role in connecting the dots. We are fortunate to work with first rate partners and this step puts Winning Colours Multi-Cleaner® and The Home Depot into the Winner's Circle together," said Eric Lehner. The product can now be ordered at www.HomeDepot.ca by entering Winning Colours into the search bar. Winning Brands Sales Manager Lorne Kelly acknowledges the professionalism of Attila Bizony, National Accounts Partner Relations Manager of Dynamic Paint Products for laying the foundation for this special co-operation. Lehner looks forward to extending Winning Brands' listing to The Home Depot in the USA when conditions permit.
Winning Colours Multi-Cleaner® is manufactured by Winning Brands Corporation in North America (www.WinningBrands.ca). The company's mission is to replace hazardous chemicals in widespread use with safer alternatives. Other initiatives include the substitution of Perchloroethylene in the Dry Cleaning industry with Solvent Free Solutions(TM) in proprietary Wet Cleaning systems with European appliance manufacturer Miele, the removal of chemical residue from fire fighter bunker gear through its ReGuard-4(TM) program and the launch of its KIND(TM) brand laundry products.
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 Nbr: 20
Green Star Products to Begin Idaho Facility Construction and Five Other Companies Receive USPTO Certificate, Provide New Sanitation Options, Report Financials , Relocate Headquarters and Complete Evaluations
M2 "Press Wire "
M2 PressWIRE - October 2, 2006 - Dallas, Texas - ********* Pre-Market Updates for Monday include Green Star Products, Inc. (OTC GSPI),Integrated Environmental Technologies, Ltd. (OTCBB IEVM), Megola Inc. (OTCBB MGOA), USA Technologies, Inc. (OTCBB USAT), Windswept Environmental Group, Inc. (OTCBB WEGI) and Ecoloclean Industries, Inc. (OTCBB: ECCI).
********* Alerts feature companies with significant corporate news within the last seven days. In our update we analyze information about the companies featured and detail the movement in the stock.
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Green Star Products, Inc. (OTC GSPI) Friday's market went down 1.64% to $0.06 per share, with a total of 399,519 shares traded. Green Star Products, Inc. announced that it will start constructing containerized biodiesel plants at the Glenns Ferry Idaho facility. Joseph P. LaStella, P.E. President of GSPI, stated, "The next logical step in the evolution of biodiesel plant construction would be to build fully operational biodiesel plants in approved ocean transportation containers at a central assembly location. This concept would be similar to the techniques used in modular housing (pre-fabrication) construction. This insures that well supervised trained personnel will build these modular units under high quality controlled conditions in the facility, utilizing the least expensive, repeatable procedures."
Green Star Products, Inc. (OTC:GSPI) is an environmentally friendly company dedicated to creating innovative, cost-effective products to improve the quality of life and clean up the environment. Green Star Products is involved in the production of renewable clean-burning biodiesel and other products, including lubricants, additives and devices that reduce emissions and improve fuel economy in vehicles, machinery and power plants. For more information, see Green Star Products' Website at http://www.GreenStarUSA.com, or call Investor Relations at 619-864-4010, fax 619-789-4743, or email info*GreenStarUSA.com. Information about trading prices and volume can be obtained at several Internet sites, including http://www.bloomberg.com and http://www.bigcharts.com under the ticker symbol "GSPI".
Integrated Environmental Technologies, Ltd. (OTCBB IEVM) Friday's market stayed the same at $0.10 per share, with a total of 9,200 shares traded. Integrated Environmental Technologies, Ltd. announced that it has received an official certificate of registration for its mark, "EcaFlo ", from the United States Patent and Trademark Office (USPTO). The Company received official notification from the USPTO that "EcaFlo " is a legally registered trademark of commerce for Integrated Environmental Technologies' water treatment equipment, which, through Electro-Chemical Activation, temporarily alters the physical properties of water to produce anolyte (for pathogen control in the environment) and catholyte (a degreaser). William E. Prince, President and CEO, stated, "We formulated the idea for our EcaFlo brand identity early in 2004 and were proud to place our trademark on I.E.T.'s first sold piece of equipment on February 14, 2005. Obtaining USPTO registered trademark protection for the proprietary trademark that represents our Company's product so well is a further testimonial to our commitment to methodically attend to business fundamentals in the short- and long-term."
Integrated Environmental Technologies, Ltd., through its subsidiary, I.E.T., Inc., engages in the design, marketing, sale, and assembly of equipment, based on its EcaFlo technology. It has a license to market, lease, sell, distribute, and service licensed products, including recreational, residential, and small business water purification units in the United States. The company has a strategic alliance with Pentagon Technical Services. Integrated Environmental Technologies is based in Little River, South Carolina.
Megola Inc. (OTCBB MGOA) Friday's market went up 20.00% to $0.06 per share, with a total of 43,869 shares traded. Megola Inc., a leading environmental solution provider in physical water treatment, air purification, microbiological control, and wastewater treatment, announces that it will be carrying the CuisineClean and PurePrep food purifying systems by Vesture Corporation. "With the potential for exposure to such pathogens as E. coli, Salmonella and others through the consumption of contaminated produce, we feel it is important that consumers have access to a non-chemical means of food sanitization in their own homes. As simply rinsing produce does not remove these potentially harmful microorganisms, we feel these products are essential for those who want to ensure the safety of their families," states Joel Gardner, CEO of Megola Inc.
Megola Inc. is committed to solving environmental problems without the use of harsh chemicals that, in the long run, can have deleterious effects on company budgets and our environment. Megola Inc. is the exclusive worldwide distributor for Megola GmbH, a German company that designs and manufactures the ScaleGuard series of physical water treatment equipment. Megola Inc. has created a distribution network throughout the world in which many companies are having great success as the ScaleGuard family continues to perform admirably.
USA Technologies, Inc. (OTCBB USAT) Friday's market went down 1.61% to $6.10 per share, with a total of 39,023 shares traded. USA Technologies announced results for its fiscal year ended June 30, 2006. The Company had record revenue of $6,414,803, an increase of 37% compared to fiscal 2005 when the Company had revenue of $4,677,989. This increase was primarily attributed to increases in sales of the Company's EnergyMiser(TM) energy management solutions, along with higher sales of e-Port cashless transaction solution, and e-Suds(TM) online laundry system. "We believe all of the pieces are in place to achieve continued revenue growth," said George R. Jensen, Jr. the Company's chairman and chief executive officer. "Over the past fiscal year, we have developed key relationships with leading Fortune 500 companies, such as MasterCard International, Pepsi and Coca-Cola. We have made improvements to our manufacturing and developed tight cost controls. Over the past year we have begun to demonstrate that our technology will play a key role in the new paradigm for unattended commerce, and expect that over the next 12 months this will result in continued revenue increases."
USA Technologies, Inc. offers a suite of networked devices and associated wireless noncash payment, control/access management, remote monitoring, and data reporting services, as well as energy management products. Its networked devices and associated services enable the owners and operators of distributed assets, such as vending machines, personal computers, copiers, faxes, kiosks, and laundry equipment the ability to remotely monitor, control, and report on the results of these distributed assets, as well as the ability to offer their customers alternative cashless payment options. The company's energy management products reduce the power consumption of various equipments, such as refrigerated vending machines and glass front coolers. Its energy control devices include VendingMiser, CoolerMiser, SnackMiser, and PlugMiser. The company offers Intelligent Vending, a vending solution that bundles e-Port, USALive, and its Web-based remote monitoring, management, reporting, and payment processing; eSuds, a solution developed for the commercial laundry industry; TransAct, a payment technology system developed for self-service business center devices; Business Express, a solution comprising the TransAct payment terminal and a suite of office equipment; and KIOSK, a solution that utilizes e-Port and USALive to offer a cash-free payment option and Web-based remote monitoring and management for all kiosk types. Its customers include vending machine owners and/or operators, business center operators, commercial laundry operators, energy utility companies, schools, and operators of glass front coolers. USA Technologies markets its products through direct sales and channel sales. The company has strategic relationships with IBM Corporation; ZiLOG, Inc.; Mars Electronics, Inc.; and Cingular Wireless. USA Technologies was founded in 1992 and is based in Malvern, Pennsylvania.
Windswept Environmental Group, Inc. (OTCBB WEGI) Friday's market went up 0.67% to $0.1510 per share, with a total of 46,500 shares traded. Windswept Environmental Group Inc. announced the move of its corporate headquarters to 895 Waverly Avenue in Holtsville, New York. At 70,000 square feet and covering 7.5 acres, the new facility is significantly larger than Windswept's present facility. Michael O'Reilly, Chairman and CEO of Windswept, stated, "This new facility gives us a central location where we can assemble our affiliated contractors and also provides a staging area for large mobilizations as well as the operation of a command center. In addition, the new facility will enable us to keep all our equipment indoors and protected from the elements."
Windswept Environmental Group, Inc., through its wholly owned subsidiaries, provides emergency response, remediation, and disaster restoration services in the United States. It provides services in the areas of emergency response and catastrophe restoration, microbial remediation, site restoration, mold contamination remediation, commercial drying, and natural resource/wetlands. The company also provides restoration/wildlife rehabilitation, fire and flood restoration, demolition, lead abatement, underground storage tank removal, soil remediation, chemical spill response, duct cleaning, environmental and health and safety training, environmental testing, and environmental consulting services. Windswept Environmental Group's customers primarily include insurance companies, industrial concerns, construction companies, oil companies, utilities, banks, school districts, commercial building owners, and real estate development concerns, as well as state, local, and county governments. The company was incorporated in 1986 under the name International Bankcard Services Corporation and changed its name to Windswept Environmental Group, Inc. in 1997. Windswept Environmental Group is based in Bay Shore, New York.
Ecoloclean Industries, Inc. (OTCBB: ECCI) Friday's market closed down 3.80%, to $.050 per share with a total of 1,197,825 shares traded.
World Environmental Technologies, Inc., a wholly owned subsidiary of Ecoloclean Industries, Inc., has received confirmation from a large equipment distributor in Bogota, Colombia, indicating the completion of their final evaluation of the "Diesel Pure" device and their plans for preceding with plans for the distribution of the "Diesel-Pure" unit throughout Colombia, Chile and other South American Countries.
The "Diesel-Pure" unit is a mechanical device that can be mounted on any combustion engine using a liquid petroleum based fuel (gasoline and/or diesel). Once the fuel passes through the unit and into the fuel intake system, all dirt, water and debris is removed delivering 99% pure fuel to the engine. There is a filter to replace, however, the life expectancy of the unit is over 1,000,000 miles or 35,000 hours of run time. A demonstration video can be viewed at http://www.diesel-pure.com . The equipment distributor in Bogota has indicated that Ecoloclean Industries, Inc. will be paid a licensing fee of approximately $25,000 per quarter for the rights to manufacture these units. Additionally, Ecoloclean anticipates that they would receive $15.00 to $25.00 per unit as a manufacturing fee for each unit sold. All units will be manufactured in Colombia or other South American Countries, relieving Ecoloclean Industries, Inc. of any manufacturing, export fees and/or associated costs.
Ecoloclean Industries, Inc. is the parent company of three wholly owned operating subsidiaries: Ecoloclean, Inc., World Environmental Technologies, Inc., and Aquatronics Industries, Inc. Utilizing various remediation techniques and technologies, Ecoloclean Industries provides environmental waste remediation to treat and remove impurities in contaminated and/or polluted liquids for a variety of industries including, but not limited to, refineries, petroleum related industries and oil and gas drillers. ECCI continues to seek technologies and procedures that will offer its clients the safest and most cost effective technologies available in the marketplace. For more information about the Company, please visit http://www.ecoloclean.com .
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TTCH (.05) Current Projects Valued at Over $25 Million
Market Wire "US Press Releases "
MOUNTAIN VIEW, CA -- (MARKET WIRE) -- 10/02/06 -- TTCM China, Inc. (PINKSHEETS: TTCH), a leading manufacturer, producer and supplier of glass-reinforced plastic products and piping in China, follows up with their June 8th 2006 release of "Business Update." Today the company currently issued an updated list of projects for which they have signed contracts and which are under construction. Some of these projects were previously reported but the following is the most up-to date list.
-- Fuo Shan Sewer Treatment Project Project Value: $6.2 million -- Sewer Treatment Project, Le Qing City, JheJiang Province Project Value: $6.2 million -- Dong Guan City Sewer Treatment Project Project Value: $3.4 million -- GuangSi BeiHai City Water Supply Project Project Value: $2.9 million -- Sewer Treatment Project, Guang Zhou City Project Value: $2.5 million -- Water Supply Project, DanDong DongGang City Project Value: $1.9 million -- Dai Qi Oil Field and Refinery Sewer Treatment Project Project Value: $1.3 million -- Sewer Treatment Project, Le Qing City, ZheJiang Province Project Value: $1.1 million
-- Total: $25.5 million
Mr. Jiqun Wang, Founder and Chairman of TTCM China, said, "From last June we've had tremendous progression in regards to our current projects. Demand has never been better. With the advancing and sustained growth of the Economy in China, we plan to execute our business model with great success." Mr. Wang also states, "The demand for our pipes for water delivery, sewage disposal and treatment plants remains strong, we expect the growing demand for clean water delivery and flood control systems in China to continue to drive demand for our products."
Founded in 1995 in Tianjin, China, TTCM's core business is manufacturing and installing glass-reinforced composite high pressure plastic pipes including fittings, round containers, cooling towers and fans. The company has developed a proprietary construction process that produces products with unrivalled strength to weight ratios at 1/4 the weight of equivalent metal products and 1/8 that of equivalent concrete products. With a population well over 1.3 billion, the recent economic growth and urbanization of China has placed tremendous strains on the country's infrastructure. There is a huge demand for TTCM China's pipe-related products both in China and internationally, and tremendous additional opportunities for further development and permutations of the company's technology. For more information about TTCM China and further news from the company, visit the company's website at: www.ttcmchina.com.
Safe Harbor Forward-Looking Statements:
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks associated with the operations in China where certain economic or political situations might adversely influence the envisioned business.
Contact: TTCM China, Inc. www.ttcmchina.com 2680 Bayshore Parkway, Suite 307 Mountain View, CA 94043 Tel: 650-960-3311 650-960-1155 Fax: 650-960-1133
Investor Relations: ************ Communications Inc. www.************Inc.com Tel: 866-427-2196 Fax: 949-209-8699
-------------------- The difference between genius and stupidity is that genius has its limits
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RSHN (.0018) to Present Sparkling Organic Apple RUSH(TM) and Organic Apple RUSH with Raspberry(TM) at Expo East
Business Wire "US Press Releases "
BLUE ISLAND, Ill.--(BUSINESS WIRE)--
RushNet, Inc. (Pink Sheets:RSHN) is pleased to announce its new Organic Apple RUSH(TM) and Organic Apple RUSH with Raspberry(TM) will be produced at a MidWest plant and introduced at Expo East Natural Products Trade Show www.expoeast.com (Oct. 5th-7th). These lightly carbonated 100% organic all-juice beverages are designed to compete in the fast-growing sparkling juice category.
This week, over 24,000 attendees and 1,750 exhibitors are expected to pack Baltimore Convention Center for Expo East, the world's second-largest natural products trade show. Foreign and U.S. buyers representing wholesalers, natural-food stores, grocery chains and independents scour the Expo looking for exciting new products. At the RushNet booth they will find Organic Apple RUSH(TM) and Organic Apple RUSH with Raspberry(TM) along with the company's full line-up of popular ginseng-based beverages, e-water(TM) and American ginseng (Panax quinquefolius) capsules/extract.
RushNet will follow up Expo East with a similar presentation to National Association of Convenience Stores at their NACS Convention in Las Vegas, Nevada (Oct 9th-11th). http://www.nacsonline.com/NACSShow/Expo/default.htm
Robert Corr, president of RushNet, Inc., said: "PepsiCo's recent purchase of IZZE(R) Beverage Company for an undisclosed sum telegraphs strong consumer interest in the sparkling juice category. We expect increasingly robust sales in this sector as it goes mainstream. IZZE(R) built its reputation on non-organic juice soda. RushNet stands apart by offering the highest standard of sparkling 100% ORGANIC all-juice beverages free of added sugar or preservatives."
"Organic is, hands down, the fastest growth category in the food and beverage industries," Corr continued. "Meanwhile, the Natural Foods retail trade typically looks for alternatives to brands offered by mainstream corporate behemoths. We therefore believe our timely positioning of Organic Apple RUSH(TM) and Organic Apple RUSH with Raspberry(TM) presents a fabulous opportunity for volume sales. Product photos at http://www.enjoytherush.com/applerush.htm
Corr further emphasized his plan to "target the Organic Apple RUSH(TM) line to all classes of retail and food service trades" and noted two additional entries to the Organic Apple RUSH(TM) line are "in development."
Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve number of risks and uncertainties; there can be no assurance that other factors will not affect accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Source: RushNet, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits
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IPKL (.0004) Signs an LOI to Establish a Chinese Joint Venture With China Coal Information Institute and Henan YongAn Investment
Market Wire "US Press Releases "
VANCOUVER, BC -- (MARKET WIRE) -- 10/02/06 -- iPackets International, Inc. ("iPackets") (PINKSHEETS: IPKL), a global developer and provider of wireless and communications solutions for the mine-safety industry, announced today that it has signed a Letter of Intent ("LOI") to establish a Chinese Joint Venture ("JV") with China Coal Information Institute ("CCII") and Henan YongAn Investment Guarantee Co. ("YongAn"). The JV will be responsible for the manufacturing, distribution, sales, marketing, installation, deployment, and support of iPackets' iPMine solution to the mining industry in China. The operation will be based in the province of Henan, China's second largest coal producing province.
According to the terms of the LOI, YongAn will provide funding of up to $50 million to the JV, and over two acres (10,000 square meters) of land to build and outfit a world-class manufacturing facility in Jiaozuo city, Henan. CCII will provide the JV with professional services including product certification, sales and marketing, technical support, and market intelligence. iPackets will provide the JV with its technology intellectual property as an asset to be utilized for the China market only, continued product development, technology direction, and technical knowledge transfer. The JV agreement is expected to be finalized in two months.
iPackets had several competing offers to establish a JV in China and short-listed three proposals. After months of negotiations, iPackets selected YongAn and CCII who presented the best offer in terms of investment, product certification, and future commitments. CCII played a key role in facilitating the negotiations and discussions. In the April 10, 2006 press release, iPackets announced that it was in discussions with CCII to conclude an agreement.
"This LOI represents the first step towards our strategy of focusing on the mine-safety industry in China," said Naiel P. Kanno, iPackets' President and CEO. "From the outset, our goal has always been to be a premium provider of a true 2-way wireless mine-safety monitoring and tracking system worldwide. The Chinese JV will enable us to meet the local market demand and export products to other markets globally."
"Involving local expertise and funding will expedite the certification process and free-up our resources to focus on the next generation of our technologies as well as other product groups," said Kouros Goodarzi, Vice President of Engineering of iPackets. "We are confident we can help the JV establish a world-class manufacturing and support facility to fast track the introduction of iPMine into the Chinese mining industry."
About the Mining and Mine Safety Industries in China
China comprises more than 280,000 mining enterprises, of which 80,000 are state-owned. There are over 25,000 state-owned coal mines in China, of which over 700 are classified as large mines. Mine safety has been a major issue in the Chinese mining industry, with more than 6,000 miners killed in mining-related accidents in China last year; independent estimates say the real figure could be as high as 20,000. According to Chinese government statistics, more than 12.2 million people were employed as miners in 2005, and approximately 7.0 million of these were coal miners.
About China Coal Information Institute
Established in 1959 by the Chinese government, China Coal Information Institute is a national research organization with over 800 employees. CCII is part of the newly-established National Institute for Occupational Safety and has played a leading role in the development of China's domestic coal industry and occupational safety. As the strongest segment of the CCII, the Energy and Safety Division provides information support and strategic suggestions to government authorities, undertakes market investigations, and provides consulting services to Chinese and international companies to expand their business in the areas of energy, safety, environment, and information technology. For more information, please visit www.coalinfo.net.cn/english.htm.
About Henan YongAn Investment Guarantee Co., Ltd.
YongAn is one of the first investment guarantee companies to be approved by the Chinese National Development and Reform Commission. With over 55 employees, YongAn business scope is finance, investment guarantee, debenture guarantee, financial services and consultation related to investments in small- to medium-sized enterprises.
About iPackets International, Inc. and iPMine
iPackets International is a developer and provider of wireless communications solutions for the global mine-safety industry. iPMine, designed to significantly improve the safety of miners and equipment, is a real-time two-way wireless communications solution that 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. For more information, please visit www.ipackets.com.
Certain statements included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations.
Contact: Allegiant Financial Group 1 (866) 824-8227
-------------------- The difference between genius and stupidity is that genius has its limits
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El Alacran Gold Mine Corp. Negotiating Two Producing Properties
Market Wire "US Press Releases "
TORONTO -- (MARKET WIRE) -- 10/02/06 -- El Alacran Gold Mining Corp. (PINKSHEETS: EAGM), a precious metal mining company, is currently involved in the negotiations of two gold producing properties in Colombia.
"There are currently two properties that we would like to bring to the Company, whether via acquisition or joint venture," said Rafael Delgado, C.E.O. of El Alacran Gold Mine Corp. "It is simply a matter of determining which route to take with the respective properties. Both have excellent potential and are currently producing various resources including gold and silver, along with other precious metals."
Information will be released to the Company's shareholders very shortly pertaining to the specific properties, location, and technical data.
"One of the properties is currently secured," said Mr. Delgado. "We are just finalizing some documentation and rights. We will be releasing information pertaining to this property to our shareholders in the following days. In the mean time, we will release information on the second property once the negotiations are complete."
About El Alacran Mining Corp (PINKSHEETS: EAGM)
EAGM is a precious metal mining company engaged in the acquisition, development, and production of properties throughout South America. The Company currently engages in gold, silver and copper mining and related activities, including exploration, extraction, processing, and refining throughout Colombia. El Alacran's staff consists of senior geologists, civil and mining engineers; all of them with extensive experience resulting in the best knowledge to explore and develop the interests of the company.
Forward-Looking Statements
Statements contained in this news release, which are not historical facts, are forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 that involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: volatility and sensitivity to market prices for gold; replacement of reserves; procurement of required capital equipment and operating parts and supplies; equipment failure; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; imprecision in reserve estimates; success of future exploration and development initiatives; competition; operating performance of the facilities; environmental and safety risks including increased regulatory burdens; seismic activity, weather and other natural phenomena; failure to obtain necessary permits and approvals from government authorities; changes in government regulations and policies including tax and trade laws and policies; ability to maintain and further improve positive labor relations; and other development and operating risks. Although El Alacran Gold Mining Corp. believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this report. The company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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CYBL (.052) Returns to QVC with EverOn LED Multi-Purpose Light
PR Newswire "US Press Releases "
RESEARCH TRIANGLE PARK, N.C., Oct. 2 /PRNewswire-FirstCall/ -- Cyberlux Corporation (OTC Bulletin Board: CYBL), a leading provider of LED lighting solutions, announced today that subsequent to its QVC(R) sellout of the Multi-Purpose Emergency LED Light (QVC Item #V23704) on August 30, it will make a second appearance October 6 at 6 AM (ET) during QVC's "Problem Solvers" broadcast.
The EverOn uses the latest solid-state lighting technology that provides more than 60 hours of light using four AA batteries and is 75 percent more energy efficient than conventional incandescent flashlights. Designed originally to provide homeowners with portable, long-lasting, emergency lighting during the hurricane season, the new EverOn is a sturdy, virtually indestructible, multi-purpose lighting product with a medium and high setting, all in a 7-inch by 3.5-inch by 2.4-inch package.
"We are pleased to be appearing on QVC once again -- this is a 'must have' home product and currently there is a high demand from consumers and retailers," said Mark D. Schmidt, president and chief operating officer of Cyberlux. "We first launched the EverOn as a home safety light, but customers are now ordering for a myriad of applications including closet lights, night lights, shed lights, nursery lights and supplementary lighting for automobile interiors."
About Cyberlux Corporation
Cyberlux Corporation (OTC Bulletin Board: CYBL) has created breakthrough LED lighting technology that provides the most energy efficient and cost effective lighting solutions available today for consumer, commercial and military uses. The Aeon products bring the newly developed, virtually heatless light into the home for use in closets, cabinet interiors and under cabinet lighting for kitchen counters. The Military and Homeland Security products deliver unique, covert, and advanced visible lighting capability for threat detection, force and asset protection. The ReliaBright products are designed to address emergencies such as power outages or critical security lighting needs. Cyberlux uses solid-state semiconductors, trademarked as its diodal(TM) lighting elements, which consume 75% less energy than incandescent lighting elements and perform for over 20 years in contrast to 750 hours for conventional bulbs. For more information, please visit http://www.cyberlux.com
Public Relations Contacts: Ronnie Welch and Kelly Cinelli, CWR Partners / 508-222-4802 ronnie*cwrpartners.com / kelly*cwrpartners.com
Investor Contact: Equity Relations, Inc. Richard Brown, 617-314-7379
This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors, including, but not limited to, the Company's ability to raise the capital required in completing the acquisition proposed. The Company's business is subject to significant risks and uncertainties discussed more thoroughly in Cyberlux Corporation's SEC filings, including but not limited to, its report on Form 10-KSB for the year ended December 31, 2005 and its 10-QSB for the quarter ended June 30, 2006. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE Cyberlux Corporation
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MGMX (.0021)Announces Corporate Update Based on Recent Meetings in Colombia
Market Wire "US Press Releases "
TORONTO -- (MARKET WIRE) -- 10/02/06 -- Metro Gold Mines Mineral Resources Inc. (PINKSHEETS: MGMX) is a growing gold mining company engaged in the acquisition and development of production properties in South and Central America.
"As the public and our shareholders are well aware, early August 2006, our Company held a week of corporate meetings in Medellin, Colombia, as well as additional meetings towards the end of August 2006," said Ken Lamb, President of MGM Mineral Resources. "These meetings were a success. We developed new contacts in the private sector, along with local heads of government. Due to attracting a lot of local attention, we have been working diligently with various potential investors, and continued having ongoing discussions with many potential producing mines, as has been evident through our recent news and Press Releases."
On June 1, 2006, the Company listed the address of the new MGM office in Medellin, in which they have been conducting operations since that time. Due to the ongoing growth and need, the Company decided to move location to a larger and state-of-the-art facility.
The Company's recent success at their meetings brings with it added responsibilities and administrational duties. MGM Mineral Resources was not only involved in business negotiations, but were involved in good will services as well, assisting the local communities to the best of their abilities.
"As promised recently, MGM Mineral Resources will attempt to make its corporate website user friendly and as a centre of flowing information," continued Ken Lamb, President. "As of now, the new corporate address has been added to our Company's website in the Contact Us section. Secondly, we are pleased to announce the initial pictures that we are releasing from our corporate meetings and good will that was conducted during our trip. All pictures can be accessed through the home page, in a new section entitled Colombia Update. Our targets and goals are being met constantly and MGM Mineral Resources will be a high gold yielding operation and a well renowned name in the mining industry."
About MGM Mineral Resources (PINKSHEETS: MGMX)
Metro Gold Mines Mineral Resources Inc. is a growing, expertly managed gold mining company focused on acquiring and producing an impressive portfolio of exploration and production properties in South and Central America. MGM Mineral Resources is working to establish itself as a world-class gold company, capitalizing on smart acquisitions, breakthrough technology, modernized operations, deep industry expertise and a strong gold market to cost-effectively produce high quality gold. The company has identified a significant opportunity to exploit proven but under-developed mineral resources in Colombia. MGM Mineral Resources was initially targeting the richest gold zone in Colombia, Segovia, but is now extending to other areas throughout the country. For more information please visit www.mgmmining.com
Forward-Looking Statements
Statements contained in this news release, which are not historical facts, are forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 that involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: volatility and sensitivity to market prices for gold; replacement of reserves; procurement of required capital equipment and operating parts and supplies; equipment failure; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; imprecision in reserve estimates; success of future exploration and development initiatives; competition; operating performance of the facilities; environmental and safety risks including increased regulatory burdens; seismic activity, weather and other natural phenomena; failure to obtain necessary permits and approvals from government authorities; changes in government regulations and policies including tax and trade laws and policies; ability to maintain and further improve positive labor relations; and other development and operating risks. Although MGM Mineral Resources believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this report. The company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact: Mr. Kenneth Lamb President 416-214-7847
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HYRF (.024) Announces Unit Sale to Major International Food Processor
Market Wire "US Press Releases "
APEX, NC -- (MARKET WIRE) -- 10/02/06 -- HydroFlo Water Treatment, Inc. (HWTI), a portfolio company of HydroFlo, Inc. (PINKSHEETS: HYRF), recently completed the sale of an HDAF(TM) system which was included as an integral component of a wastewater system delivered to a major international food processing conglomerate in California. The HDAF(TM) systems provide a more effective and efficient means of removing solids from wastewater by injection of extremely fine air bubbles. These bubbles become attached to the suspended material and rise to the surface for subsequent mechanical removal. In this process, the removal of fine suspended material from water is achieved using maximum energy and hydraulic efficiency.
Tom Barbee, Chief Operating Officer of HWTI, explained, "Our new HDAF(TM) system can offer customers competitive costs and lower maintenance expense while providing an extremely energy efficient process for waste removal. We are pleased that our technology has been selected by a major international food processing firm and we believe that this further validates the superiority of our technology over conventional units."
HydroFlo, Inc. is a business development company, as defined by the Investment Act of 1940. Headquartered in Apex, North Carolina, HydroFlo's core focus is to seek out synergistic acquisitions that will provide capital appreciation and income from its portfolio companies. The mission of HydroFlo, Inc. is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment and removal of contaminants.
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Press Release Source: Armstrong World Industries, Inc.
Armstrong Emerges From Chapter 11 Monday October 2, 11:20 am ET Court-Approved Plan of Reorganization Becomes Effective Today and Provides for Comprehensive Resolution of Asbestos Liability
LANCASTER, Pa., Oct. 2 /PRNewswire-FirstCall/ -- Armstrong World Industries, Inc. ("AWI"), a global leader in the design and manufacture of flooring, ceilings and cabinets, announced today that its "Fourth Amended Plan of Reorganization, as Modified," dated February 21, 2006 (the "Plan"), which was confirmed by U.S. District Court Judge Eduardo Robreno in August, has become effective and AWI has emerged from Chapter 11. The Plan includes a comprehensive settlement resolving AWI's asbestos liability by establishing and funding a trust to compensate all current and future asbestos personal injury claimants. ADVERTISEMENT
"This is an exciting day for Armstrong and its employees," said Michael D. Lockhart, AWI's Chairman and Chief Executive Officer. "Today we emerged from Chapter 11 having made significant operational improvements that provide the opportunity to grow and strengthen our business.
"In addition to resolving AWI's asbestos liability, we used the time in Chapter 11 to restructure our flooring business to make it more competitive," Mr. Lockhart said. "We made substantial improvements in our cost structure by closing several plants and streamlining our workforce in the U.S. We have also expanded capacity to manufacture wood flooring, broadened our product lines and improved product quality and customer service."
AWI has had several consecutive quarters of improved financial performance. In the second quarter of 2006 AWI nearly doubled its operating income (from $36.6 million to $72.5 million) from a year ago. This increase was primarily due to increased manufacturing productivity and a 3% sales increase. For the first six months of 2006, AWI's operating income increased to $120.7 million (compared to $44.3 million for the first six months of 2005). The improvement in operating income was primarily due to higher sales, improved manufacturing productivity, and reduced SG&A expenses.
"I would like to thank the nearly 15,000 Armstrong employees around the world for their hard work, dedication and loyalty during the past six years," said Mr. Lockhart. "Armstrong has gone through a lengthy and challenging Chapter 11 reorganization. We could not have overcome the many obstacles we encountered without the outstanding effort and commitment of our employees."
Exit Financing
AWI expects to receive commitments for a total of $1.1 billion in a senior credit facility, including: (i) a $300 million revolving credit facility; (ii) a $300 million term loan with a five year maturity; and (iii) a $500 million term loan with a seven year maturity. The Revolving Credit Facility is immediately available to support AWI's ongoing liquidity needs. Both term loans are expected to be funded on or about October 16, and will be utilized to satisfy distributions under the Plan.
"We are emerging from Chapter 11 with less debt and a stronger balance sheet than six years ago," said Mr. Lockhart. "Our solid capital structure, combined with our recent financial performance, means that our employees, customers, distributors, suppliers and other business partners can be assured that the company is on strong financial footing with good prospects for continued growth and profitability going forward."
Plan Provisions
As previously announced, pursuant to the Plan, AWI has established a trust in accordance with the provisions of section 524(g) of the U.S. Bankruptcy Code to resolve all current and future asbestos personal injury claims (the "Trust"). AWI is funding the Trust by making a one-time contribution of cash, insurance assets and common stock of the reorganized AWI. Those assets will be administered by the Trust's trustees and used to pay asbestos claims in accordance with the provisions of the Plan and the related Trust documents. The reorganized AWI will have no role or responsibility in the administration of the Trust. Pursuant to the Plan, all present and future asbestos personal injury claims must be asserted against the Trust, and all asbestos claimants will be permanently enjoined from pursuing their claims against the reorganized AWI.
The Plan provides for general unsecured creditors to receive a combination of cash and common stock of the reorganized AWI on account of their allowed claims. Distributions to unsecured creditors are expected to begin on October 17. Plans for listing and trading of AWI's new common stock are expected to be announced next week.
As previously announced, pursuant to the Plan, the ownership of AWI by its former parent, Armstrong Holdings, Inc. ("AHI"), ended upon AWI's emergence from Chapter 11. All AWI stock owned by AHI has been cancelled. AHI is issuing a separate press release on related matters today.
Board of Directors
AWI has a new, nine member Board of Directors. Mr. Lockhart will continue to serve as Chairman and CEO of AWI, and no senior management changes are expected. In addition to Mr. Lockhart, Judith R. Haberkorn and John J. Roberts, both of whom had served on the Board of AHI, will serve on the new AWI Board. The six additional members of the new AWI Board are:
- James J. Gaffney - Chairman of Imperial Sugar Company; former Chairman and CEO of General Aquatics, Inc;
- Robert C. Garland - CEO of AFR Holdco, Inc., American Fiber Resources and Great Lakes Pulp Company;
- Scott D. Miller - President and CEO of the Six Sigma Academy; former Vice Chairman and President of Hyatt Hotels Corporation;
- Russell F. Peppet - Special Advisor to Park Avenue Equity Partners, a private equity firm; formerly Vice Chairman of Peat, Marwick, Mitchell & Co., now KPMG;
- Arthur J. Pergament - Founder and CEO of Pergament Advisors, LLC, a New York based asset manager serving the institutional and high net worth communities; and
- Hon. Alexander M. Sanders, Jr. - former President of Charleston College and Chief Judge on the South Carolina Court of Appeals.
Fresh Start Accounting AWI will adopt fresh-start financial reporting as of its emergence from Chapter 11. Fresh start accounting requires the Company to mark-to-market its entire balance sheet, similar to purchase accounting. This includes revaluing assets and liabilities to current estimated fair value, setting shareholders' equity at an amount to be determined by a third party valuation, and recording any portion of the equity value that cannot be attributed to specific tangible or intangible assets as goodwill. The adoption of fresh start accounting will have a material effect on AWI's financial statements, primarily due to additional non-cash expenses related to higher asset values. As a result of the application of fresh start reporting as of October 2, 2006, AWI's financial statements in future periods will not be comparable with prior financial statements.
Third Quarter Results
AWI currently expects to report its third quarter earnings at the end of October. At that time, AWI also expects to provide an outlook for the remainder of 2006. In addition, AWI is preparing to hold meetings with investors during the month of November.
Armstrong World Industries, Inc., is a global leader in the design and manufacture of floors, ceilings and cabinets. In 2005, Armstrong's net sales totaled nearly $4 billion. Based in Lancaster, PA, Armstrong operates 41 plants in 12 countries and has approximately 14,600 employees worldwide.
Armstrong Holdings, Inc. Appoints Special Committee of the Board Monday October 2, 11:46 am ET Discusses Developments Regarding Armstrong World Industries, Inc.
LANCASTER, Pa., Oct. 2 /PRNewswire-FirstCall/ -- As announced today by Armstrong World Industries, Inc. ("AWI"), pursuant to AWI's "Fourth Amended Plan of Reorganization, as Modified," dated February 21, 2006 (the "AWI Plan"), ownership of AWI by Armstrong Holdings, Inc. ("AHI") (OTC Bulletin Board: ACKHQ - News) ended upon AWI's emergence from Chapter 11. All AWI stock owned by AHI has been cancelled. ADVERTISEMENT
On August 23, AHI announced that it has a pending claim in AWI's Chapter 11 case (the "AHI Claim"). The AHI Claim relates to intercompany charges and credits between the companies. If and to the extent the AHI Claim or any part of it is allowed in AWI's Chapter 11 case, AHI would recover on such claim on the same basis as other creditors of AWI will recover under the AWI Plan.
On August 23, AHI also announced that the Armstrong group of companies, including AHI and AWI, may be entitled to receive a tax refund based upon a carry back of a portion of the group's tax losses to prior years, which may include a substantial ordinary income loss by AHI as a result of cancellation of AHI's ownership in AWI. A study is underway to determine the amount of that loss. Depending on the size of the loss, AHI may also be entitled to additional benefits from carrying forward any balance of its tax loss and the use of its tax loss to recover estimated taxes paid by the Armstrong group of companies in 2006. The Armstrong group's tax losses may be utilized in different ways, which may benefit AHI and AWI differently, and AHI's and AWI's respective preferences for utilization of the group's tax losses may conflict.
In order to address these issues with AWI, at a meeting on September 16, the Board of Directors of AHI appointed a special committee of the Board. The committee will determine how AHI should deal with the AHI Claim and AHI's interest in utilizing the Armstrong group's tax losses, as well as any other issues that may arise between AHI and AWI. The committee intends to pursue a joint resolution of these issues with AWI. The special committee is comprised of AHI Board members Jerre Stead and Edward Sellers. Neither of these directors is a current or prospective director or officer of AWI. The special committee appointed the law firm of McDermott, Will & Emery to advise them in connection with these matters.
In addition, on October 2, Judith Haberkorn, Ruth Owades, Jesse Arnelle, James Marley and John Roberts resigned from the AHI Board. Messrs. Stead, Sellers and Michael D. Lockhart, as Chairman, remain as Directors.
ATLANTA, GA -- (MARKET WIRE) -- 10/02/06 -- MedSpas of America, Inc. (PINKSHEETS: MDSP) is pleased to update its shareholders regarding the company's medspa acquisition growth strategy over the next three years.
In a recent interview with www.******************.com, Paul R. Smith, CEO of MedSpas of America, stated, "Our primary goal over the next 36 months is revenue growth. We will initially achieve this through acquiring existing medspas and converting them to our brand. We find ourselves at the beginning of the industries growth curve and the slope of that curve is huge over the next 20-years. The Medspa industry is just moving through its seventh year of existence. The growth rate through those seven years has been exceptional. In the past three years consumer demand in the USA has grown 450% while the increase in medspa facilities has only grown 147%. Clearly the supply side of this market can't keep up with consumer demand."
"The Company's decision to choose an acquisition and brand conversion strategy accelerates our revenue growth and establishes our brand in the marketplace," states Mr. Smith. "Once we have achieved an acceptable revenue base, the Company will then begin developing new facilities in under-serviced markets. We have our first acquisition under contract with a projected closing date this month."
MedSpas of America, Inc. ("MDSP") is dedicated to the development and operations of medspas throughout the United States under the brand name of Virtuoso Medical Spas. Virtuoso was founded by leading practitioners and accomplished executives in response to the growing marketplace demand for technology-based medical spa facilities that are committed to professional skin care.
This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. Such statements are subject to risks and uncertainties and other factors as may be discussed from time to time in the Company's public filings with the U.S. Securities and Exchange Commission ("Commission"), press releases and verbal statements that may be made by our officers, directors or employees acting on our behalf which could cause actual results to differ materially from those discussed in the forward looking statements and from historical results of operations. In addition to statements, which explicitly describe such risks and uncertainties, statements with the terms "believes," "belief," "expects," "plans," "anticipates" and similar statements should be considered uncertain and forward-looking. Factors that might cause such a difference include, without limitation: the uncertainty of the Company's ability to meet capital needs and as further set forth in our public filings filed with the Commission and our press releases.
Investor Contact Information:
500 Australian Avenue S., Suite 700 West Palm Beach, FL 33401
Telephone 561-514-0194 Email Email Contact
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As part of our restructuring, the company will order the NOBO list from ADP to determine the number of shares outstanding and the number of holders of the company's shares. We feel the recent selling is not related to actual shares outstanding. Once we receive the NOBO list from ADP, and if there is a short position in our shares we intend to do a share exchange with one of our Reg. E funds to address the short position.
Our Private Equity funds that we are creating will take a position in SSSU shares and will fund our future development. The offering circular for the Reg. E Offering is being prepared by our legal counsel and the offering will commence shortly.
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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FASC (.056) Announces Sale of KDS Micronex Equipment to Nutritech Solutions Ltd. (NTS)
Market Wire "US Press Releases "
VANCOUVER, BC -- (MARKET WIRE) -- 10/02/06 -- David Dungate, M.Eng., Vice President of Sales & Marketing of First American Scientific Corp. (OTCBB: FASC) is pleased to announce the sale of KDS Micronex System to Nutritech Solutions Ltd.
Nutritech Solutions, headquartered in Abbotsford, British Columbia, Canada, designs, manufactures and distributes quality feed supplements to the dairy industry.
According to Bill Vanderkooi, President of Nutritech, "We are focusing on developing innovative products, technologies and support systems that will help dairy farmers achieve the 'trouble free cow.' The KDS Micronex is a unique drying process that will assist NTS in developing the latest advancements in dairy herd health products for commercial dairy producers."
According to Brian Nichols, President of FASC, "The unique drying characteristics of the KDS that allow for preservation of nutrients while killing of 99.9% of the bacteria and pathogens during processing should prove very beneficial to NTS's product development."
First American Scientific Corp. develops, manufacturers and sells the KDS Micronex system, a patented disintegration system capable of reducing agricultural and animal wastes to a fine, dry powder. Other "waste-to-resources" processes where the KDS Micronex can capture significant value include the drying and micronizing of biomass, agri-waste, and pulp sludges suitable for burning in specialized dust burning systems or pelletizing for use in pellet burning systems such the FASC's recently licensed EnergyCabin technology.
Certain information and statements included in this release constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act.
ON BEHALF OF THE BOARD OF DIRECTORS
C. Kantonen, Chairman
First American Scientific Corp.
Investor Relations: 1-877-261-4466
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