Vertical Announces Acquisition of Vodavi 10/18/2006
CAMBRIDGE, Mass., Oct 18, 2006 (BUSINESS WIRE) -- Vertical Communications (VRCC.OB) ("Vertical"), a leading provider of next-generation, IP-based phone systems and applications that help businesses better serve their customers, announced that it has signed a definitive agreement to acquire all of the outstanding common stock of Vodavi Technology, Inc. (NASDAQ:VTEK) ("Vodavi") for $7.50 per share, or approximately $31.2 million in the aggregate. The transaction is expected to close by year end.
To finance the acquisition of Vodavi, Vertical has entered into a private placement transaction for the issuance of convertible preferred stock and warrants of approximately $22 million and has secured debt financing of $30 million. Approximately $10 million of the debt financing will be funded prior to the closing (a portion of which will be used to repay Vertical's existing indebtedness). The remaining proceeds of the debt financing and all of the equity financing proceeds will be funded at the time of the closing of the Vodavi acquisition.
Vertical's vision is to help organizations transform their businesses by unlocking the hidden potential of phone systems and voice applications to deliver enhanced customer service, to reduce communications costs and to significantly improve the operational efficiencies of their businesses. This acquisition is the next step in a series of initiatives Vertical has undertaken to realize this vision faster by building a world-class telephony organization, with the product set, market reach and channel footprint to deliver next-generation IP-PBX phone systems and voice applications to customers ranging from small and medium-sized businesses to large, distributed enterprises.
Vodavi is a leading provider of traditional and next-generation business telecommunications solutions, targeted to small and medium-sized businesses, primarily in the United States. Vertical is acquiring Vodavi because they have excellent products, a loyal dealer and distributor channel, and a large, well-served installed base of customers. Vertical believes that dealers and customers alike will benefit from the Company's greater combined research and development resources, which will accelerate the development and delivery of next-generation products. They will also benefit from greater consolidated marketing resources, which will allow the Company to launch more robust awareness and demand generation programs designed to raise the Company's profile, increase the number of deals the Company participates in, and improve the Company's win rate. In addition, the Company believes that the combined Vertical and Vodavi product set will create an even more complete end-to-end product offering for customers.
"The combination of Vertical and Vodavi accelerates our momentum and will clearly help us achieve our vision faster, to the benefit of our dealers and end customers alike," said Bill Tauscher, Vertical's Chairman and Chief Executive Officer. "We'll be delighted to welcome the Vodavi employees to the Vertical family and add the Vodavi products to our portfolio, and we're looking forward to working with the Vodavi channel partners as we continue to grow our respective businesses."
For a more detailed description of the terms and conditions of the acquisition, please see the company's form 8-K.
About Vertical
Vertical Communications, Inc. is a leading provider of next-generation IP-based voice and data communications systems for business. Vertical combines voice and data technologies with business process understanding to deliver integrated IP-PBX and application solutions that enhance customer service and business productivity. Vertical's customers are leading companies of all sizes - from small to large and distributed - and include CVS/pharmacy, Staples and Apria Healthcare. Vertical is headquartered in Cambridge, Mass. and delivers its solutions through a worldwide network of systems integrators, resellers and distributors. For more information, please visit the company's Website at www.vertical.com.
About Vodavi
Vodavi Technology Inc. is an advanced communications solutions provider delivering innovative business communications solutions that help small to large enterprises increase productivity and reduce costs. Vodavi's full range of communications solutions include traditional telephone systems, Voice-over-IP (VoIP) technology and converged telephony solutions that allow enterprises to deploy traditional digital or VoIP communications simultaneously, providing a flexible and cost-effective migration path to new technology. The company is headquartered in Phoenix, Arizona. For more information on Vodavi, visit www.vodavi.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995.
This document contains forward-looking statements based on current expectations or beliefs, as well as a number of assumptions about future events, and these statements are subject to important facts and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements in this document address a variety of subjects, including, without limitation, statements about the benefits the Company expects to achieve upon the acquisition of Vodavi, including, without limitation, the benefits that the acquisition will have on the Company's dealers and customers and the anticipated benefits from the consolidation of the Company's and Vodavi's research and development resources; the Company's ability to satisfy all conditions to close the acquisition; the Company's assumptions about the future performance of Vodavi; the Company's ability to achieve certain synergies and economies of scale upon the completion of the acquisition; the Company's ability to become a significant player within the IP-PBX telephony market; the Company's ability to meet the future obligations that it will incur after the closing of the acquisition, and others. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the risk that the Company may fail to achieve the anticipated benefits from the acquisition, including, without limitation, failing to obtain the desired benefits for the Company's dealers and customers or the failure to realize the anticipated benefits from the consolidation of the Company's and Vodavi's research and development resources; the risk that the Company may be unable to meet all of its obligations to close the acquisition; the risk that the Company's assumptions about the future performance of Vodavi may prove to be incorrect; the risk that the Company may be unable to achieve the desired synergies and economies of scale upon the completion of the acquisition; the risk that the Company may be unable to become a significant player within the IP-PBX telephony market; the risk that the Company may be unable to meet its future obligations upon the closing of the acquisition; and other risks and assumptions detailed in the Company's filings with the Securities and Exchange Commission.
Trademark Information
Vertical Communications and the Vertical Communications logo and combinations thereof are trademarks of Vertical Communications, Inc. TeleVantage, InstantOffice and Vertical Networks are registered trademarks of Vertical Communications, Inc. All other brand and product names are used for identification only and are the property of their respective holders.
SOURCE: Vertical Communications, Inc.
Vertical Communications, Inc. Financial Community Contact: Ken Clinebell, 941-554-5000 ext. 1513 kclinebell*vertical.com or Press Contact: Ann McDonough, 617-354-0600 ext. 194 amcdonough*vertical.com
Copyright Business Wire 2006
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S-XGen(TM) Awarded SKU From ACP-EP Memory 10/18/2006
Seamless Internet Update Call Thursday, October 19 at 1:00 PM ET, 10:00 AM PT
LAS VEGAS, NV, Oct 18, 2006 (MARKET WIRE via COMTEX News Network) -- Seamless Wi-Fi, Inc. (OTCBB: SLWF) subsidiary Seamless Internet today announced that the S-XGen(TM) Ultra Mobile Personal Computer (UMPC) has been awarded a SKU (Stock Keeping Unit) designation from ACP-EP Memory of Irvine, CA.
The SKU is the term describing a unique numeric identifier referring to a specific product in inventory or in a catalog. SKU designation allows the S-XGen(TM) to be identified and ordered and is integral to driving S-XGen(TM) sales through retail and reseller channels. The S-XGen is the newest contender in the rapidly expanding Ultra Mobile Personal Computer (UMPC) class of minicomputers and takes connectivity to the next level with integrated Cellular, Wi-Fi and Bluetooth connectivity.
Seamless is beginning an aggressive advertising program for the S-XGen(TM) on CNET beginning November 1, 2006. The company will showcase the S-XGen at the Consumer Electronics Show pre-show press briefing in New York Nov. 8th and will be exhibiting the S-XGen(TM) at the 2007 International Consumer Electronics Show (CES(R)) in Las Vegas, January 8-11 in Booth IP125 at the Sands. The CES site is viewable at: https://myces2007.bdmetrics.com/Portal/ViewCompany.aspx?id=1885332
Seamless Internet will conduct an operational update teleconference tomorrow, Thursday, October 19th, 2006 at 1:00 PM Eastern and 10:00 AM Pacific Time. To participate in the call please dial-in to (712) 580-6300, then enter access code 929164 and push the pound (#) key. A replay of the call will be available for one week following the call via telephone replay at (641) 985-5000, access code 929164#. The call will also be archived at the www.slwf.net site, in addition to previous corporate and subsidiary update calls.
Investors having questions they would like answered during the conference call should email their questions, in advance, to rich*slwf.net using the subject line "Call Question."
See Seamless and the S-XGen(TM) at the 2007 International Consumer Electronics Show (CES(R)) in Las Vegas, January 8-11 in Booth IP125 at the Sands.
About ACP-EP:
ACP-EP Memory (Add-On Computer, Inc. and EP Memory, LLC) is a leading supplier of Digital Flash Storage and Memory Upgrade products to Channel Partners, Resellers and OEMs, with more than seventeen years of direct industry experience. Add-On Computer (ACP) has been the exclusive supplier to Ingram Micro's "Memory Upgrades" program for the past eight years. ACP-EP Memory strategically maximizes profitable opportunities for our partners. Our ability to source product worldwide, ensures that our pricing will always be competitive. Offering turnkey solutions, ACP-EP Memory has forged a reputation as a solutions provider, delivering high quality, low cost product in a timely and reliable manner.
About Seamless Wi-Fi
Seamless Wi-Fi Inc. (www.slwf.net) is a Las Vegas-based company listed on the OTC BB under the symbol SLWF. Seamless develops and markets cutting-edge Internet communications products and services through its three operating subsidiaries: Seamless Skyy-Fi, Inc. (www.skyyfi.com), Seamless Peer 2 Peer, Inc. (www.seamlessp2p.net) and Seamless Internet (www.seamlessinternet.com). Seamless Skyy-Fi is forging a network of Wi-Fi Hot Spots in targeted geographic and vertical markets across the country and has achieved initial success providing hotel and retail Wi-Fi hotspots. Seamless Peer 2 Peer has developed and will soon launch version 3.0 of their Phenom(TM) Virtual Internet Extranet encryption software, which provides SOX- and HIPAA-compliant secure internet communications over standard internet services. Seamless Internet is manufacturing and marketing the S-XGen(TM) Ultra Mobile Personal Computer and Communications Device that combines portability, connectivity, processing power and entertainment capabilities for the ultimate road-warrior laptop replacement. Seamless Internet also provides secure hosting services for all-Seamless company clientele.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as SLWF or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, such statements in this release that describe the company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, and risk inherent in the operations of a company. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.
For Seamless: Rich Schineller 941.918.1913 rich*slwf.net
SOURCE: Seamless Wi-Fi, Inc.
mailto:rich*slwf.net
Copyright 2006 Market Wire, All rights reserved.
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BTX Holdings, Inc. Positions Itself to Begin Planning for CST Processing Plant 10/18/2006
FORT LAUDERDALE, Fla., Oct 18, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- BTX Holdings, Inc. (OTC Bulletin Board: BTXO), a development stage company that specializes in the development and acquisition of technologies to extract useable products from biomass, is positioning itself to begin the planning stage for its first CST plant as outlined in a Memorandum of Understanding that was signed in August, 2005 with Citrus Products of Belize, Ltd. BTX was recently issued U S Patent #7,060,313 by the United States Patent and Trademark Office for its Citrus Separation Technology, and is now positioning itself to begin the planning stage to build its first commercial plant. The joint venture, which is to be named BTX Citrus Belize, Ltd., as outlined under the MOU signed with Citrus Products of Belize, Ltd., will utilize BTX's patented CST technology to process all of the citrus waste generated by Citrus Products of Belize's juicing operation in Pomona, Belize. It is anticipated that this plant alone may generate over $13 million in revenues a year, once fully operational. BTX Holdings' revolutionary CST process extracts from the raw citrus waste a very high quality feedstock which can be used for ethanol production or as a beverage base, oils and essences for use in the flavorings, perfume and chemical industries and a dry product which has myriad uses including pectin production and food filler.
"We are excited to finally begin planning for this project. CPBL has been searching for a solution to the enormous citrus waste disposal problem it has, " said Scott Silverman, the president and CEO of BTX Holdings. "We believe that the CST will provide that solution."
BTX has acquired, is developing, or is in the process of acquiring the global rights and/or patents to multiple biomass reduction and alternative fuel feedstock separation and production technologies.
"The BTX Citrus plant, when built, will represent the state of the art in citrus waste processing. The products that can be extracted from what was considered waste are extremely valuable in the marketplace," added Silverman. "We couldn't ask for a better partner than Citrus Products of Belize, Ltd., and look forward to many years of profitable collaboration with them."
About BTX Holdings
BioTex Corporation was established in 2003 to develop and employ technologies from around the world to process biomass (plant derived) waste, extract the usable fractions, and then utilize or sell those extractions in further downstream processes. Many of these waste streams have traditionally been disposed of either by dumping into landfills or by burning. BioTex has acquired, developed or is in the process of acquiring several extraction and separation technologies which can process this waste to derive value added products, such as alternative energy feedstocks, cellulose, fiber, oils and essences, and others.
The result of processing biomass waste with BioTex technologies is the ability to specifically extract the feedstock necessary for a further downstream process, such as ethanol production, as well as utilizing the remaining fractions for alternative uses, such as an extremely nutritive animal feed, or a base for pectin production.
BTX Holdings Inc., and its wholly owned subsidiary, BioTex Corporation's mission is to become the premier global biomass processor by utilizing our various processing technologies, and deriving value added products from their use.
For more information, please visit the company's website at www.biotexcorp.com
About Citrus Products of Belize, Ltd
Citrus Products of Belize, Ltd. was established in 1928, as a fresh citrus fruit packing operation in Pomona, Belize, near Dangriga. Since then it has grown to a modern processing company with state of the art technology for the manufacturing of citrus products and by-products. It has been seeking out technologies to reduce or eliminate the burden and costs associated with the disposal of citrus peel generated by its juicing operation. CPBL is a privately owned company located in Pomona, in the Stann Creek region of Belize, near the port city of Dangriga.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The Company's actual results could differ materially from those in such forward-looking statements. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.
Contact: Scott J. Silverman, CEO BTX Holdings, Inc. Phone: 954-776-6600 info*biotexcorp.com
SOURCE BTX Holdings, Inc.
Scott J. Silverman, CEO of BTX Holdings, Inc., +1-954-776-6600, info*biotexcorp.com http://www.biotexcorp.com
Copyright (C) 2006 PR Newswire. All rights reserved
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Allied Energy Group, Inc. Announces the Continued Drilling Success for Its Coalbed Methane Project in Oklahoma Wednesday October 18, 4:01 pm ET
BOWLING GREEN, KY--(MARKET WIRE)--Oct 18, 2006 -- Allied Energy Group, Inc. (Other OTC:AGGI.PK - News) announced the following update regarding its five-well coalbed methane project located in Rogers County, Oklahoma.
The second well (Schmidt #4) was successfully drilled to a measured total depth of 1,220 +/- vertical feet and apparently encountered an estimated 9-16 total feet of potentially productive interval "natural gas pay-zone" in the Croweberg, Rowe, and Mulkey coal seam formations.
"We are pleasantly surprised as to the thickness and indications of commercially viable gas for the Rowe formation," said Steve Stengell, Sr. Vice President of the Allied Energy Group, Inc. He added, "The drilling rig has moved to and is currently drilling our 3rd location."
About Allied Energy Group
Allied Energy Group, Inc. (Other OTC:AGGI.PK - News) is an independent energy development firm primarily engaged in the exploration, development, and production of oil and natural gas in the continental United States. The company employs geologists, petroleum engineers, seismic specialists, and financial analysts whose combined industry experience is essential to the success of each project. Allied Energy Group's strategic focus is the development of oil and natural gas reserves. As the fuel of choice to meet the growing demand for a clean-burning domestically produced fuel, the company firmly believes its natural gas exploration strategy should provide substantial growth to the company for the years to come.
Certain statements in this release and the attached corporate profile 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 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; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.
Contact:
Company Contact:
Steve Stengell Allied Energy Group, Inc. 2800 Griffin Dr. Bowling Green, KY 42101 Phone: 800-330-2535 Fax: 800-251-9322 Website: http://www.alliedenergy.com Email: info*alliedenergy.com
Source: Allied Energy Group, Inc.
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ER Urgent Care Acquires Family Physicians of Tampa Bay Wednesday October 18, 4:11 pm ET
MIAMI, FL--(MARKET WIRE)--Oct 18, 2006 -- ER Urgent Care Centers (Other OTC:ERUG.PK - News) is proud to announce the acquisition of Family Physicians of Tampa Bay, Inc. This family practice is located on a main thoroughfare that is very visible to passers-by at 5535 Memorial Highway in Tampa, Florida. The new acquisition will add $1,000,000 in gross revenues and $300,000 to ERUG's bottom line. Family Physicians of Tampa Bay will remain a family practice whose patients' after-hours needs will be met by ER Urgent Care Centers' Tampa location. "This is an excellent addition to our existing patient volume for our Tampa location and brings with it a team of professionals that we are proud to add to our organization," says ERUG Founder and Executive Director Jerry Miller.
ADVERTISEMENT About ER Urgent Care
ERUC Management Company Inc. operates ER Urgent Care Centers in the South Florida area. The "true, bona-fide" "Urgent Care Center" is a one-stop-shop where patients can receive premier health care, after hours, at a fraction of the cost of emergency room visits. With the "Urgent Care Center" model emergency rooms will no longer lose money on ER patients with minor injuries and illnesses and the HMOs will no longer have to pay exorbitant claims for non-admitted patients. ER Urgent Care Centers create a win-win situation for everyone, filling the financial and service gap between primary care physicians (PCPs) and hospital emergency rooms.
213 North Federal Highway Hallandale Beach, FL 33009
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7208 North Sterling Ave. Tampa, FL 33634
ER Urgent Care Center is a provider for Amerigroup, Avmed, Humana, Aetna, Medicaid/Medipass/Medi-Kids, Total Health Choice, United Health Care, Beech Street, Dimension Health, Assist Card, Cigna, Corvel, Health Insurance Plans and many more.
This press release may contain forward-looking statements covered 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, which we may not produce today and 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. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
For franchising and corporate information please contact us toll free at 1-877-303-3500
Contact:
Contact Information: ER Urgent Care Centers 1-877-303-3500
Source: ER Urgent Care Centers
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liberty01
unregistered
posted
Juice can i suggest something!!! I like the PR section. But sometimes it gets really long. Do you think we can do the PRs with a proper link going to an external page? I just get discouraged sometimes by sifting through the extensive PR's some companies put out and find myself scrolling forever to find PR's. Much appreciated, You da man!
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quote:Originally posted by liberty01: Juice can i suggest something!!! I like the PR section. But sometimes it gets really long. Do you think we can do the PRs with a proper link going to an external page? I just get discouraged sometimes by sifting through the extensive PR's some companies put out and find myself scrolling forever to find PR's. Much appreciated, You da man!
dude, then don't "sift" and let juice do it exactly how he wants. as for me, i like NOT having to visit links outside the allstocks site. you should be able to read through a PR in like 15 seconds or less to know if it's gonna make an impact on the day's trading. don't kick a gift horse in the mouth.
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quote:Originally posted by liberty01: Juice can i suggest something!!! I like the PR section. But sometimes it gets really long. Do you think we can do the PRs with a proper link going to an external page? I just get discouraged sometimes by sifting through the extensive PR's some companies put out and find myself scrolling forever to find PR's. Much appreciated, You da man!
dude, then don't "sift" and let juice do it exactly how he wants. as for me, i like NOT having to visit links outside the allstocks site. you should be able to read through a PR in like 15 seconds or less to know if it's gonna make an impact on the day's trading. don't kick a gift horse in the mouth.
Just makin a suggestion. No more inquiries on making things easier from me! Later
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CompuPrint Receives Payment from Multi-Billion Dollar Exploration Company for STeP(R) Technology Diamond Report on 1,000 Square Kilometer Prospect CompuPrint, Inc. (OTCBB:CPPT), an energy and natural resource exploration technology company, announced today that it has received an initial payment from an exploration affiliate of a multi-billion dollar company to provide its proprietary satellite-based STeP(R) technology report to locate diamonds in a more than 1,000 square kilometer area in the Republic of Congo. The September 2006 service contract also provides for the Company to receive, in addition to its undiscounted service rates out of project revenues, a 1% free participation interest and a 5% working interest in the project.
The Company has begun its preliminary analysis of the contracted prospect to determine the location of the kimberlite pipe(s) which is the potential source of the alluvial diamonds already found in the license area. Our co-venturer has already built a campsite to support the exploration activities.
In preparing its analysis, the Company utilizes proprietary STeP technology, which is based on interpretation of satellite data, to effectively identify kimberlite pipes containing diamonds, and for finding other natural resources subsurface, including oil and gas, gold and even water.
"We are proud that a substantial company in minerals exploration recognizes the value of STeP. Our technology will enable our client to more effectively and efficiently exploit its diamond exploration efforts and achieve substantial time and dollar savings," said Roman Rozenberg, CompuPrint's Chief Executive Officer. "It has already been demonstrated that the technology we employ can help substantially in locating kimberlite pipes for diamond exploration. In addition, this project in Congo complements our now more than 1,000,000 acre off-shore Namibia diamond prospect for which we have obtained licenses from the Government of Namibia for diamond exploration. So, we are optimistic that our STeP technology will open more opportunities to work with this client and other major exploration companies. We are currently in negotiations to render other services to several potential clients of similar size."
About CompuPrint, Inc.
CompuPrint, Inc., through its wholly owned subsidiary, Terra Insight Corporation, provides subsurface surveying, and analytical services for exploration, drilling, and mining companies. The Company primarily uses satellite-based STeP technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources. The Company interprets and quantifies geologic and satellite data to develop the assessment of natural resources for any given geographic area - on or off shore. The Company, through its subsidiaries and affiliates holds (1) six licenses to more than one million acres off-shore Namibia for diamond exploration, (2) a participation interest in a diamond prospect in the Congo, (3) a working interest in a one million acre Kurdistan oil prospect, (4) leases for oil and gas parcels totaling more than 16,000 acres of land in the Rail Road Valley and White River Valley areas of Nevada and (5) oil and gas leases in East and South Texas. For more information visit http://www.terrainsight.com.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its plans to acquire additional exploration properties, plans to drill or drilling results to fail to materialize, inclusive but not limited to competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions.
ALLK, INC. Louis Phillipe Antunes, 450-578-3283 Fax: 450-378-0312
Source: Business Wire (October 18, 2006 - 5:29 PM EST)
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Press Release Source: Black Dragon Resource Companies, Inc.
Black Dragon Resource Companies Acquires Additional 77 Wells in Caddo Pine Island Field Wednesday October 18, 6:17 pm ET Anticipated to Add Approximately 18,000 Barrels of Annual Production
OIL CITY, La.--(BUSINESS WIRE)--Black Dragon Resource Companies, Inc. (OTCPK: BDGR), announced today the acquisition of 77 wells on 11 leases comprising approximately 300 acres in the Caddo Pine Island Field of Caddo Parish Louisiana from Allen Petroleum, Inc. for a $350,000 note payable over 3 years and 500,000 shares of restricted common stock of Black Dragon. ADVERTISEMENT
"The wells are anticipated to provide production of approximately 18,000 barrels per year", according to Richard Michael, President." We are pleased to have had the opportunity to acquire this premier property which is located adjacent to our existing operation at Pine Island. We anticipate putting the property into production in the near term by converting two of the existing wells to salt water disposal. We anticipate that the remainder of the wells will only require limited equipment and repairs to be placed into production," added Mr. Michael.
"The properties are within three miles of the company's offices and facilities in Oil City Louisiana and will allow for ease of administration," stated Mr. Michael".
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C2 Global Technologies Inc. Granted Patent in Canada
Wednesday, October 18 2006 6:33 PM, EST
TORONTO, ONTARIO -- (MARKET WIRE) -- 10/18/06 -- C2 Global Technologies Inc. ("C2" or the "Company", formerly Acceris Communications Inc. ) (OTCBB: COBT) today announced that it has been granted Canadian Patent No. 2245815 by the Canadian Intellectual Property Office for its patent entitled "Voice Internet Transmission System / Systeme pour transmissions vocals sur internet". This patent, effective through February 5, 2017 , is equivalent to C2's U.S. Patent No. 6,438,124. About C2 Global Technologies Inc. C2's business is focused on licensing its patents, which include two foundational patents in VoIP technology. C2 plans to realize value from its intellectual property by offering licenses to service providers, equipment companies and end-users that are deploying VoIP networks for phone-to-phone communications. For further information, please visit C2's website at www.c-2technologies.com. Forward-Looking Statements This release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended, that are based on management's exercise of business judgment as well as assumptions made by, and information currently available to, management. When used in this document, the words "may", "will", "anticipate", "believe", "estimate", "expect", "intend", and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as noted in our securities and other regulatory filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements. Contacts: C2 Global Technologies Inc. Stephen A. Weintraub Executive Vice President, Secretary & CFO (416) 866-3058 Email: sweintraub*c-2technologies.com Website: www.c-2technologies.com
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Pine Valley Receives Amended Proposal From an Unaffiliated Lender on Credit Facilities 10/18/2006
VANCOUVER, BRITISH COLUMBIA, Oct 18, 2006 (MARKET WIRE via COMTEX News Network) -- Pine Valley Mining Corporation (TSX: PVM)(OTCBB: PVMCF) (the "Company" or "Pine Valley") reports that as a result of new discussions with the unaffiliated lender ("Lender") the proposed financing agreement for credit facilities (the "Credit Facilities") described in the Company's news release of October 16, 2006 was re-opened for further negotiations between the parties. As a result of those negotiations, the Company has received, and is considering, a new financing proposal substantially along the lines of the previously announced proposal except for the following amendments:
- under the Credit Facilities as now proposed, the Company would be required to raise at least CAD$5 million in new equity or other financing subordinate to the Credit Facilities prior to receipt of any of the term loan portion; such term loan amounts will be matched to the amount of equity or other subordinate financing raised;
- the exercise price of the common share purchase warrants that the Company would issue to the Lender at closing would be exercisable at a price equal to the five day average trading price of the shares immediately prior to the issue of the warrants, not necessarily $0.34 per share as previously disclosed, and the warrants shall be subject to customary anti-dilution provisions such that the exercise price shall be adjusted down to any lower price at which additional equity (including options and warrants) may be issued; and
- the Company would no longer be called upon to issue common share purchase warrants for an additional 25% of the post-dilution common shares of the Company.
The completion of the above described Credit Facilities transaction remains subject to several conditions including, the acceptance of the Toronto Stock Exchange, the completion of the Lender's due diligence investigations, final negotiation of satisfactory credit documentation, and ancillary agreements with certain of the Company's existing lenders.
The securities the Company is proposing to issue under the above-described transactions have not nor will they be registered under the United States Securities Act of 1933 or any U.S. state securities laws, and unless so registered may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction subject to, the registration requirements of the Securities Act of 1933 and applicable state securities laws. This press release is issued pursuant to Rule 135Copyright of the Securities Act of 1933, and does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of any such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
This news release contains certain "forward-looking statements", as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties including but not limited to economic, competitive, governmental and geological factors effecting the Company's operations, markets, products and prices and other risk factors. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the Company's dependence on the steel industry, volatility in coal prices, accidents and other risks associated with mining operations, the Company's need for and availability of additional financing, the restrictions imposed under the Company's existing debt arrangements and its debt service requirements and the other risk factors discussed in greater detail in the Company's various filings with the Securities and Exchange Commission and Canadian securities regulators, including the Company's Form 20-F dated June 21, 2006.
PINE VALLEY MINING CORPORATION
Robert Bell, President and Chief Executive Officer
Contacts: Pine Valley Mining Corporation Robert (Bob) Bell President & Chief Executive Officer (604) 682-4678 Pine Valley Mining Corporation Martin Rip Vice President Finance and CFO (604) 682-4678 Email: pinevalley*pinevalleycoal.com Website: www.pinevalleycoal.com
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PayChest, Inc. Announces First Stage of Restructuring
SANTA MONICA, CALIFORNIA, Oct 18, 2006 (CCNMatthews via COMTEX) -- PayChest, Inc. (PINK SHEETS:PYCT) announced today a change in directors and principal officers. As per resolution adopted in October 15, 2006, the PayChest Board has accepted the resignation of Mr. Alejandro Cerda, as Chief Executive Officer, effective immediately. In addition, all other directors and officers previously representing or assuming representation of PayChest have resigned as of October 15, 2006.
Mr. Lawson Pillay will serve as the newly appointed President and Chief Executive Officer, following the recent negotiations between PayChest and Genfin LLC, a southern California financial technology integrator. Mr. Pillay, age 51, currently serves as CEO of Genfin, LLC and several other technology related companies. He also serves as Director to BanX, Inc, a financial services transaction and debit card processor.
This relationship provides PayChest access to a series of financial services and strategic management personnel, to introduce PayChest as an online payment processing network, with capabilities to process online debit, credit, ACH and check payments.
Under the guidance of Mr. Pillay, all new board or management appointments will be made after a thorough review of PayChest's current portfolio. With immediate effect, all operations, both domestic and offshore, shall be relocated to Southern California. As a result of this major reorganization, our online and telecommunications infrastructures may be temporarily disrupted.
Lawson Pillay, PYCT's new CEO stated, "My immediate focus and attention is to add tangible value to PayChest through the introduction of emerging technologies, intellectual property, skilled management and revenue generating operations. I look forward to turning PayChest around in the shortest possible timeframe, with measurable fundamentals to enhance shareholder value, as we progress. Shareholders are advised to anticipate significant operational changes ahead."
Safe Harbor Statement
The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.
SOURCE: PayChest, Inc.
CONTACT: PayChest, Inc. Investor Relations Email: info*paychest.com
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First Pet Life Announces the Launch of Pet Insurance Program Offering
DALLAS, Oct 18, 2006 /PRNewswire-FirstCall via COMTEX/ -- First Pet Life, Inc. (Pink Sheets: FPLF) announced today the launch of the First Pet Life Pet Insurance website. This comprehensive Web site can be accessed through www.firstpetlife.com via the "Insurance Enrollment" and "Insure Your Cat or Dog" buttons. This site offers pet owners the ease of enrolling their cat or dog in a powerful and effective insurance plan that makes sense for their family. The First Pet Life includes several features such as Free Quick Quote, Claim Form Download, Benefit Comparison information and descriptions of pet insurance programs being offered.
First Pet Life, Inc. enables itself to now move toward being able to offer evolutionary lines of pet insurance. The company is currently in active negotiations to take advantage of offering an assortment of pet insurance policies that will offer the most innovative health care plans for not only your dog and cat but also your horses, birds, rabbits, hamsters and an assortment of other pets.
"With this website going live, a major part of this company has begun to function. We are selling pet insurance policies and look forward to pushing the growth of this company with effective marketing campaigns and product offering expansions," stated Andre' D. Williams, President and CEO of First Pet Life, Inc.
About First Pet Life, Inc.
First Pet Life is a pet industry marketing company that is positioning itself to offer many services, including pet health insurance, pet supplies, along with boarding and grooming services nationwide. First Pet Life has the backing of a pet insurance industry leader as well as the backing of pet product manufactures, which will lend in strengthening its market position. The comprehensive products and services offered are broad yet inexpensive for the typical pet owner. Additional information is available at www.firstpetlife.com.
Disclaimer
Matters discussed in this press release are "forward-looking statements." Statements describing company objectives are forward looking. Company's plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the company and market evaluations of its stock, which could cause actual results to differ materially from those anticipated.
Thursday, October 19 2006 8:45 AM, EST Silver Screens Studios: Receives NOBO List and Transfer Agent's Official Shareholders Total Business Wire "US Press Releases " ATLANTA --(BUSINESS WIRE)-- Silver Screen Studios, Inc. (OTCBB: SSSU) www.silverscreenstudiogroup.com,http://finance.yahoo.com/q?s=SSSU.OB, Traders Nation, www.tradersnation.com/sssu.shtml, Global 1 Realty Corporation , www.1global1realty.com, forms venture capital private equity investment funds for acquisitions of companies, financing of investments in other entities, and files to do business as Silver Screen Holdings to reflect our new business model. NOBO List Share Discrepancy: We have received and reviewed the NOBO List as supplied by ADP as well as the Transfer Agent's Official Share total. There is a discrepancy of 102,767,486 share imbalance between the two lists. For further confirmation of our share total we have ordered the DTC Share Position Report and expect to have it in the next several days. Once we have the DTC Report we will compare all reports and update the imbalance total. Shareholders Integrity Plan: Now that we have identified a share imbalance in our stock we will move forward on the Shareholders Integrity Plan. The board of directors will meet on Oct. 20, 2006 to authorize actions to implement the SIP for the protection of our shareholders. Measures we are considering include: a CUSIP number change, share exchange, dividend declaration and other measure designed to protect the company. 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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Imperia Entertainment Launches Financing For ``Never Submit'' Business Wire - October 19, 2006 06:30
BEVERLY HILLS, Calif., Oct 19, 2006 (BUSINESS WIRE) -- Imperia Entertainment (Pink Sheets:IPEI) announced today that it has launched $3 million in financing to cover its production of the feature film, "Never Submit." Investors will subscribe to up to 60 units, each consisting of a 1/2 percent equity interest in the film, and 2 shares of restricted preferred stock, each convertible to 100,000 shares of company common stock at the current bid value of 25 cents. "We are pleased with the financing effort, and expect all units to be placed within the next 30 days," said Kenneth Eade, Company Chairman.
About "Never Submit"
"Never Submit" is a movie which portrays the thrill of victory and agony of defeat within the sport of mixed martial arts. "Never Submit" takes place in a tournament setting similar to the movie "Bloodsport," but rather than exploiting MMA as underground no-holds-barred fighting, it seeks to portray the sport in a realistic and positive light. The movie will be an inspirational tale similar to "Rocky," but the lead character in "Never Submit" is an educated young man, rather than a beaten-down punch-drunk fighter. Mr. Hergott comments: "MMA is a very intellectual sport. A physical chess match. I want to portray the sport and its fighters as intelligent rather than dumb brawlers, as is often done in other movies."
Already attached to the project is Executive Producer Tarquin Gotch ("Home Alone" and "Curly Sue") and cinematographer Peter Benison, CSC ("Chicago" and "Silent Hill"), and line producer Gregory Allen Webb. Imperia Entertainment president James Hergott authored and is slated to direct "Never Submit." Actual fighters will be used in certain scenes, and PRIDE world champions Mauricio "Shogun" Rua and Wanderlei "The Axe Murderer" Silva have already agreed to participate. Both UFC and PRIDE fighters will be featured in the film. Tapout Magazine (www.tapoutmagazine.com), the largest mixed martial arts publication in America, which has partnered with the company to publicize the film, to conduct, in conjunction with James Hergott, the director, a nationwide talent search for cast, and to create a line of signature "Never Submit" clothing, has featured "Never Submit" on the cover of its issue due to be released in mid October: http://viewmorepics.myspace.com/index.cfm?fuseaction=viewImage&friendI D=26962828&imageID=1248231157&MyToken=cd3190d9-c034-4e43-ba43-22d77f9d b534 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra spaces if they exist.)
About Imperia Entertainment
Imperia Entertainment, Inc. (www.imperiaentertainment.com) is a company that has emerged as a player in the area of independent film production and distribution, once monopolized by the major film studios. In conjunction with its distribution subsidiary, Imperia International Distribution, the company engages in investing in and producing and distributing full-length feature films. Along with its equity interest in "All That I Need" (www.allthatineed.net), released in theaters last December, Imperia's film properties include its feature film in post-production, "Say It in Russian," starring Faye Dunaway and Agata Gotova, "Brothers," by Tarquin Gotch ("Home Alone"), "Never Submit," a feature film on the subject of mixed martial arts, "Whiskers," a family film, made by Imperia's subsidiary, Muller Media, Inc. (Pink Sheets:MUME), and the award-winning "Autograph" television series (www.autograph.tv), which airs on the OlympuSAT system.
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Imperia Entertainment, Inc., and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. All financial projections have been prepared by management, and are based on assumptions as to future events and conditions, which may or may not occur. Most of these assumptions are beyond the company's control and merely represent management's forecasts. To the extent actual experience varies from any one or more of the assumptions, actual financial results will differ. While the company makes these projections in good faith, investors are cautioned that they are based on the company's limited experience, represent goals and objectives, and are unreliable and of questionable value when making an investment decision.
SOURCE: Imperia Entertainment, Inc.
Imperia Entertainment, Inc. James Hergott, 949-307-9133 james*imperiaentertainment.com or Vivian Fullerlove, 972-562-0616 musbviv*yahoo.com
Copyright Business Wire 2006
-------------------- "As long as there are dreamers, there are dreams that will come true."
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James Monroe Capital Comments on Originally New York Deal Business Wire - October 19, 2006 08:30
CHICAGO, Oct 19, 2006 (BUSINESS WIRE) -- James Monroe Corporation (Pink Sheets:JMCP) announces that they have signed a letter of intent with Originally New York, Inc. (OTC BB: ONYI) to contribute assets for stock as ONYI is entering into the ethanol marketplace in a new business opportunity, subject to a definitive agreement. ONYI is a development stage company, seeking a start up company.
The definitive agreement is has been drafted, and is a closing is anticipated soon.
The following describes the intended plan for the deal: (Details and chronology may vary, subject to many factors falling into place)
James Monroe Capital, and a group of cash investors, will transfer assets and cash over to ONYI, and be issued new shares, with no company debt, except for stock transfer agent fees. The company will have new assets plus an initial bank balance of $300,000. Taylor Moffitt will be the new CEO and Chairman of the Board and while Chris McGovern will become the new President and Secretary. ONYI will be renamed. End result: James Monroe Capital takes its assets and plans to the bulletin boards, owning a reporting company, and begins growth efforts through a fully reporting company. Fully reporting companies generally have greater market visibility, more valuable stock, and are more appealing to brokerage firms and mutual funds than non-reporting companies. All JMCP shareholders will indirectly own stock in the new OTC BB company, through JMCP.
James Monroe Capital President Chris McGovern said, "Now our float won't be a problem, we don't need a reverse stock split, we will have additional working capital, and our stock will be more appealing to other companies considering being acquired. Praise God. We are going to go for it 110% with blood, sweat, tears, and testosterone."
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, IL Chris McGovern, 847-418-3848
Copyright Business Wire 2006
-------------------- "As long as there are dreamers, there are dreams that will come true."
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CyberKey Solutions Places Significant Biometric Equipment Order With Sequiam Corporation for Immediate Delivery
Thursday, October 19 2006 9:21 AM, EST
ST. GEORGE, UT -- (MARKET WIRE) -- 10/19/06 -- CyberKey Solutions, Inc. (PINKSHEETS: CKYS) is pleased to announce that the Company has placed a significant order for biometric equipment for immediate delivery from Sequiam Corporation . The biometric products, some of which are privately labeled for CyberKey Solutions, are part of the product line which CyberKey is currently supplying to various government agencies. Sequiam Corporation , located in Orlando, Florida , is a leading provider of innovative consumer lifestyle biometric technologies and services. Earlier in the year, CyberKey Solutions, Inc. and Sequiam Corporation signed a manufacturing and distribution deal in which Sequiam agreed to manufacture biometric products for CyberKey Solutions, Inc. CyberKey's biometric products and solutions counter threats such as criminal intrusion, privacy violation and identity theft. "We are meeting and exceeding our objective to provide high quality economical biometric OEM solutions to our clients and look forward to our continued relationship with CyberKey Solutions," said Kevin Henderson, President of Sequiam Biometrics. "We are encouraged about the confidence placed in us by CyberKey and are committed to provide them with the best biometric technology available in the market today." Jim Plant, CEO of CyberKey Solutions, Inc. , stated, "This order is indicative of the initial success we are having in implementing Sequiam's biometric technology into our advanced product line and as a result we continue to provide a new level of security to our customers in the law enforcement, national security, government and defense markets." About Sequiam Headquartered in Orlando, Florida , Sequiam Corporation develops, markets, and supports a portfolio of highly robust proprietary biometrically enabled OEM, consumer lifestyle and commercial products/solutions. In addition, Sequiam has invested heavily in research and development to develop unique products/solutions for the biometric industry worldwide. Sequiam Biometrics' solutions incorporate low-cost, high-volume manufacturing processes targeted at the consumer and commercial market. Sequiam is a global company with offices in Taiwan , China , Switzerland and South Africa . For more information, please visit www.sequiam.com and www.sequiambiometrics.com About CyberKey Solutions, Inc. : CyberKey Solutions, Inc. is currently fulfilling a $25 Million purchase order to various segments of the U.S. Government. CyberKey Solutions, Inc. , based in St. George, Utah , partners with industry leading manufacturers and distributors to deliver secure USB drive-based solutions to vertical markets and content owners, service providers and resellers. CyberKey's solutions solve real-world issues in the entertainment, education, government, military, automotive, financial services and medical industries. CyberKey Solutions' technologies allow users to securely transfer large amounts of data, files and applications software from one electronic device to another while employing a patent pending USB-based Digital Rights Management process. CyberKey's solutions create new opportunities for existing industries and applications. For more information, please visit CyberKey's website at http://www.cyberkeysolutions.com. Statements contained in this news release, other than those identifying historical facts, constitute 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements. Contact: CyberKey Solutions, Inc. Investor Relations 1-866-THE-APPL(E) http://www.cyberkeysolutions.com
-------------------- The difference between genius and stupidity is that genius has its limits
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Centrex, Inc. Signs Agreement to Acquire MicroCars International and to Market MicroCars Manufacturing Technology Internationally
SAN DIEGO--(BUSINESS WIRE)-- Centrex, Inc. (Pink Sheets:CTXI) today announced that a final agreement has been reached with MicroCars, Pvt Ltd., a Sri Lankan company, to handle the international license and business development for the automobile assembly operations that has been developed in Sri Lanka. Centrex will acquire 51% interest and assume control of MicroCars International, a wholly owned subsidiary of MicroCars. This acquisition gives Centrex the rights to represent the MicroCars technology and manufacturing systems in all markets outside Sri Lanka. The Company already has inquiries from several nations, including Nepal, Bhutan, Syria and Sudan.
Stated Jeffrey Flannery, CEO of Centrex, “We have long been very impressed with the capabilities that have been developed at MicroCars in Sri Lanka and our involvement is really a result of the success MicroCars has already demonstrated to the world. We will immediately begin discussions with interested parties to explore the feasibility of creating assembly operations in these developing countries.”
Centrex will offer the MicroCars system on a license basis. MicroCars will provide support in design and engineering of the physical plant, training of workers, assistance in materials procurement and management, training in the use of special manufacturing, assembly and quality control technologies, as well as assistance in marketing and government relations. Centrex will receive a percentage of the license agreements it is able to negotiate with parties in other countries, as well as a percentage of royalties or other fees that are associated with each new transaction for a term of three years. This term is renewable for another three years. License fees, royalties and other fees are still being negotiated and most likely will be determined on a case by case basis.
MicroCars was established in 2001 by Dr. Lawrence Perera, a veteran automotive designer and engineer who had previously worked with BMW, Volkswagen and other major automobile manufacturers. Dr. Lawrence developed the concept to create a car manufacturing system that is far less capital intensive so that smaller, developing nations can use the labor force to manufacture and assemble quality, economical cars, vans and pickup trucks.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of CTXI are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future CTXI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and CTXI has no specific intention to update these statements.
Contacts
Centrex, Inc. Jeff Flannery, 619-342-8096
-------------------- The difference between genius and stupidity is that genius has its limits
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GMSC - .0105 buyout news Grand Entertainment & Music, Inc. Announces Letter of Intent for Potential Buyout
MONTREAL, Oct 19, 2006 (MARKET WIRE via COMTEX) -- Grand Entertainment & Music, Inc. (PINKSHEETS: GMSC) announces that it has signed a letter of intent (LOI) with a private US company. Grand Entertainment has entered into a non-binding letter of intent with a private company to purchase all of Grand Entertainment's outstanding shares. The LOI states the buyout price at $.02 by the purchaser pending due diligence review and the execution of a definitive agreement. During this time, both companies will be determining whether the offer is in their best respective interests.
"I am always happy to see outside interest in the company," stated president, Fred Berlin. "We will do proper due diligence and thoroughly examine what is best for the company and our shareholders. I will give updates on the negotiations throughout the next 60 days."
About Grand Entertainment & Music, Inc.
Based in Montreal and incorporated in November 1998, the Company is an independent music company that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, the Company's multi-million dollar studios produce voice-overs and sound tracks for commercials and film, which are used on the radio, television and in theatres. Cherry Studios has produced thousands of records in its studios and has to its credit a total of 23 gold and platinum records. GEM, a pioneer in the Internet distribution and digital download field, currently owns and controls all its content and distribution rights. Having both content and distribution rights will enable the company to fulfill its mission of becoming a leading consolidator of quality music catalogues as well as a premier production, recording, publishing and Internet distribution company in the music industry.
Safe Harbor Statement
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements.
Contact: Grand Entertainment and Music, Inc. Investor Relations (866) 795-4366 IR*Gmsc-info.com www.gmsc-info.com
-------------------- The difference between genius and stupidity is that genius has its limits
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Playstar enhances its marketing efforts after the successful launch of 654321 Playstar Corporation (PLYCF:PK) TORONTO, Oct. 19 /PRNewswire-FirstCall/ - Playstar Corporation is pleased to announce the successful introductory launch of its text message sweepstakes program. Premier Mobile Technologies, Inc., a 100% wholly owned subsidiary of Playstar Corporation, will now focus its 'Text To Win Big' SMS short code marketing campaign throughout Canada and eventually the United States.
Pat Cecil of Premier Mobile states' we knew the success was imminent we just had to test the marketing medians carefully. What fan of hockey or football wouldn't want the chance to win an all expense paid trip to for 2 at one of the hardest events to get tickets to. It's simple to enter: just type in NHL or SUPER into your phone to text code 654321 and it's only $1.00.'
Short codes, also known as short numbers or Common Short Codes (CSC) are special telephone numbers, significantly shorter than full telephone numbers, which can be used to send an SMS text.
The company's initial marketing ads have returned great success, reaching higher than expected results with regional print ads placed throughout Canada. As a result, Premier Mobile Technologies will immediately move towards expanding its marketing efforts in all major print media as well as begin development of radio advertising.
The initial launch includes two separate promotions - the 2007 NFL SuperBowl XLI in Miami, FL and the 2007 NHL All-Star Game in Dallas, TX. Both promotions include airfare, accommodations, event tickets and spending money for 2 lucky winners to each of the events. Cell phone user's text the keyword 'SUPER' for SuperBowl and 'NHL' for the All-Star Game to short code 654321.
Text messaging is more popular than ever. Canadians sent more than 1.5 billion person-to-person text messages in 2005, more than double the previous year's volume of 710 million. Canadians now send over 324.4 million text messages per month - that's more than 10.8 million text messages each day. What's more, the number of people using text messaging continues to grow month after month, as does the number of messages sent. Canadians of all ages are getting in on the action. For more information on this and other exciting new prizes coming soon, visit www.texttowinbig.com
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The 'Act'). In particular, when used in the preceding discussion, the words 'pleased,' 'plan,' 'confident that,' 'believe,' 'expect,' or 'intend to,' and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filings
Merger News out GS AgriFuels to Merge with GS Energy
2006-10-19 09:46 ET - News Release Transaction Expected to Enhance Liquidity and Bring Immediate Revenues to GS AgriFuels
NEW YORK -- (Business Wire)
GS AgriFuels Corporation (OTC: GSGF) today announced its execution of an agreement to merge with GS Energy Corporation (OTC Bulletin Board: GSEG).
Under the terms of the merger agreement, holders of GS Energy common stock will receive 1 share of GS AgriFuels common stock for each 1,000 shares owned in GS Energy. This corresponds to a total of about 2.5 million new shares of GS AgriFuels common stock that will be issued to GS Energy common stock shareholders upon the closing of the merger.
GreenShift Corporation (OTC Bulletin Board: GSHF), which currently owns about 90% of GS AgriFuels and about 80% of GS Energy in the form of preferred stock, will exchange its GS Energy stock for GS AgriFuels stock such that GreenShift will own about 85% of GS AgriFuels after completion of the merger.
The merger is subject to the approval of GS Energy’s shareholders and is expected to be completed in early 2007. After the completion of these transactions, GS AgriFuels expects to have about 31 million shares of common stock outstanding and no shares of preferred stock outstanding.
Infrastructure Support
The merger will bring GS Energy’s specialty equipment manufacturing company, Warnecke Design Service, Inc. (“Warnecke”) to GS AgriFuels, where it will focus on the manufacturing of GS AgriFuels’ fuel production infrastructure. Importantly, Warnecke has been manufacturing biodiesel processing equipment for NextGen Fuel, Inc. (“NextGen”) since earlier this year.
GS AgriFuels recently entered into an agreement to acquire NextGen – a producer of modular, continuous-flow multi-feedstock biodiesel process equipment based on NextGen’s patent-pending process intensification technology. Under the terms of the NextGen agreement, GS AgriFuels will acquire 100% of the stock of NextGen in return for about $20,000,000 in cash, about $2,000,000 of which is contingent on increases in NextGen’s sales. The closing of the acquisition is subject to GS AgriFuels’ completion of financing and the agreement is terminable if the acquisition does not close on or before November 15, 2006.
“We expect that this merger will be strategic to GS AgriFuels for several key reasons,” said Kevin Kreisler, GS AgriFuels’ chairman and chief executive officer. “First, the integration of NextGen’s and Warnecke’s businesses can be expected to enhance operating margins for both companies while establishing an immediate stream of revenues and earnings for GS AgriFuels. Next, while we believe the acquisition of NextGen is primarily merited on the value of its third-party sales pipeline, we also intend to use Warnecke’s and NextGen’s combined resources to augment GS AgriFuels’ ability to deploy its own planned agrifuel production facilities on a predictable and timely basis.”
Warnecke is currently generating about $5 million in annualized sales and, for the nine months ended September 30, 2006, NextGen generated about $3 million in sales and has executed contracts to sell biodiesel processing equipment corresponding to about another $8 million in biodiesel equipment sales.
GS AgriFuels is currently developing several sites for the construction of its agrifuel production facilities. Its planned Memphis facility is designed to have an initial nameplate capacity of 10 million gallons of biodiesel and will include a NextGen system. GS AgriFuels expects to scale this facility with a series of modular NextGen systems to in excess of 45 million gallons per year given that facility’s location in a major distribution hub.
Kreisler added: “Finally, and on the corporate front, merging the larger GS Energy shareholder base with the GS AgriFuels shareholder base can be expected to increase liquidity, which we expect will be very strategic to our growth plans.”
Distribution of Non-Strategic Assets
In connection with the execution of the merger agreement, GS Energy transferred its 85% stake in GS Carbon Corporation (formerly known as DirectView, Inc.) (OTC Bulletin Board: DRVW) and several other development stage companies to GreenShift as repayment for about $600,000 in debt due to GreenShift and to redeem 400,000 shares of GS Energy preferred stock with a face value of $400,000.
-------------------- The difference between genius and stupidity is that genius has its limits
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Cash Now (CHNW.PK) Announces The Implementation Of Check21 Into Its Software E5 System
hursday, October 19 2006 11:57 AM, EST
FORT LAUDERDALE, FL , Oct. 19 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK), www.cashnow.com, today announced the completion and development of "Check 21" into its Payday Express E5 System. The launch date has been set for December 18, 2006 . The Check Clearing for the 21st Century Act (Check 21) was signed into law on October 28, 2003 , and became effective on October 28, 2004 . Check 21 is designed to foster innovation in the payments system and to enhance its efficiency by reducing some of the legal impediments to check truncation. The law facilitates check truncation by creating a new negotiable instrument called a substitute check, which permits banks to truncate original checks, to process check information electronically, and to deliver substitute checks to banks that want to continue receiving paper checks. A substitute check is the legal equivalent of the original check and includes all the information contained on the original check. The law does not require banks to accept checks in electronic form nor does it require banks to use the new authority granted by the Act to create substitute checks. According to the research conducted by the company Cash Now is the only payday loan software system developer that has integrated the Check 21 into its system. The company is looking forward to a robust first sales quarter in 2007 when it plans to contact over 10,000 current payday and check cashing establishments to offer its services. ABOUT CASH NOW Cash Now Corporation (CHNW.PK), a pioneer in the Internet payday loan, and check cashing industry is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. For instance, the Cash Next Super Broker concept is taking North America by storm! Our team of highly qualified financial executives know what works, and what it takes to place your loan request! Cash Next is backed by a highly experienced team, delivering blue chip solutions for businesses, and consumers. The company's proven business model includes licensing to corporately operated joint venture locations across the U.S., Canada , Australia , and UK. Cash Now offers a Payday Loan License program, Payday Express; a Payday Loan and Check Cashing License known as Check Express and an Authorized Agent Program for existing retail establishments; as well as a host of related financial services for small and medium-size businesses that includes the Cash Next broker program. Cash Now with its web based and focused outlook has won the Golden Web award in 2001, 2002, 2003 and 2005. In 2005 Profit Guide magazine ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies. In 2005 Cash Now was ranked # 44 out of top 1000 fastest growing franchising companies by Entrepreneur guide. SOURCE Cash Now Corporation
-------------------- The difference between genius and stupidity is that genius has its limits
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IDS Worldwide, Inc. (PINKSHEETS: IDWD) was informed today that HLS Executives' meetings with their legal and banking advisors were successful. HLS has informed IDS that the financing structure for the previously announced $2.35 cash buyout of the outstanding common shares of IDS Worldwide, Inc. has been completed.
IDS and HLS, after the Eid Holiday, will release definitive details and timelines pertaining to the final closing of the transaction. Each common stockholder of IDS common shares (PINKSHEETS: IDWD) will receive $2.35 per share cash for each share of common stock owned. IDS majority insiders are approved to receive HLS bonds and stock for their IDS common shares.
Certain filings pertaining to the acquisitions are expected to be filed in the coming week. Now that the transactions are coming to a close, HLS and its distribution partners are launching a major advertising program with the Wall Street Journal with quarter page ads in major cities for branding and public awareness of their biometric encryption products.
HLS will also release, following the receipt of final documents, a major contract with a Fortune 500 company after the Eid holiday, which is expected to triple HLS' previously projected revenues in 2007. Additionally, HLS representatives are concluding talks in Washington today regarding additional government orders received for the HLS biometric products and expect these products will be added to the GSA list as early as next week.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
Atlantic Syndication Network Enters Into Letter of Intent to Acquire $7.5 Million of FSBO Media Holdings Assets Thursday October 19, 1:21 pm ET
LAS VEGAS, NV and CORAL SPRINGS, FL--(MARKET WIRE)--Oct 19, 2006 -- Atlantic Syndication Network Inc. (OTC BB:ASNI.OB - News) and FSBO Media Holdings Inc. (Other OTC:FSMH.PK - News) announced today that they have entered into a Letter of Intent in which Atlantic Syndication Network Inc. will acquire specific businesses and selected assets of FSBO Media Holdings Inc. ASNI plans to purchase 100% of "For Sale by Owner" A/K/A FSBO brand names, certain business licensing rights and trademarks including: "FSBO Web TV," "FSBO HSPN.COM," "FSBO VideoSpectus," "FSBO FN," "By Owner University Training CDs," "Help-U-Build Guide and CD," "RelaxRelax Inc., d/b/a FLV Hosting," "Video Birthdays," "Video Business Cards," "FSBO Travel" and specific domain names to be referenced in the final agreement. ASNI Website - www.asni.tv ; FSBO Website - www.fsbomediaholdings.com ADVERTISEMENT
ASNI engages in the development, production, and distribution of television programs, commercials, infomercials, and ancillary products targeting domestic and international distribution. ASNI, having the financial benefit of owning its own state-of-the-art television studio, subsidized its creative team during the last 2 years in the development of high-end, web-based projects to support projected infomercials and website driven sales. Today, the company has defined a number of specific proprietary multi-media infomercial projects for distribution and is able to produce high-end content at considerably less than many of today's producers and production companies.
Kent Wyatt, President and CEO of ASNI, states, "The convergence of television and the internet has been inevitable and the impact this is having on all forms of television and the advertising business is major. The contribution and effect VOD (video on demand) has on the entertainment business via the internet is unbelievable; but, it's even more exciting to know that this technology literally dominos and complements most every form of business through all forms of media. FSBO has definitely demonstrated its ability to take advantage of this technology."
Major TV broadcasters and cable networks have announced a flurry of VOD and online initiatives that appear to have the potential to ultimately change the fundamental nature of TV content distribution business. Both NBC and CBS are moving top prime-time programs to VOD services that allow consumers to time-shift their viewing. ABC is making its entire nightly news program available online, while CBS and NBC are also putting more of their TV news content available via broadband Web access. Warner Bros. is making thousands of full-length TV episodes from its archives available online through AOL. NBC Universal is preparing to offer movies on an internet peer-to-peer file sharing service of the kind used to swap digital songs. TiVo is preparing to offer a new system that enables viewers to capture and download prime time shows onto their iPods for watching on the run. Beyond the TV realm, other media companies are making moves to become online or VOD distributors of TV content. For instance, giant magazine publisher Meredith will be producing its magazine content into video formats for VOD, Yahoo! and the other large internet portals, meanwhile, continues to expand their offering of digital video from a wide array of sources. "Advertising Age News" (December 1, 2005).
Wyatt continues, "Whether it's TV, radio or print, most responsible businesses direct us to their website; and today, media experts such as 'Advertising Age News' are right: VOD is here! ASNI's goal will be to take advantage of its creative and multi-media veterans to further expand and promote these businesses via VOD."
The proposed acquisition of FSBO assets will be consummated through the issuance of a combination of ASNI's common and preferred stock, and stock options with a total purchase price set at $7.5 million dollars. Upon closing of the proposed transaction, ASNI will select additional management and members to the board of directors to complement and help accelerate the growth of the company.
Steve Bazsuly, President of FSBO Media, said, "The acquisition of FSBO assets by ASNI will definitely benefit each of the company's shareholders. FSBO shareholders will receive a dividend distribution of shares in ASNI and at the same time still own shares in our Pink Sheets company. Presidential Holding, Inc. will be retained by our company and is not part of the asset acquisition." He also added, "The acquisition and financing opportunities as well as the mutual talent and combined effort will open new doors for the future growth of both companies."
The Proposed Transaction is conditional upon both parties' satisfactory completion of the Due Diligence effort, a definitive agreement and approval by all relevant parties involved including the Securities and Exchange Commission.
Safe Harbor: Included in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor created by those sections. Although the Company believes such expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove correct. The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain internal and external factors.
Contact: Contact:
Atlantic Syndication Network Inc. Kent Wyatt CEO and President kent*asni.tv 1-702-388-8800
FSBO Media Holdings Inc. Ms. Marlene Shim Public Relations marlene*fsbomediaholdings.com 1-866-453-FSBO (3726)
-------------------- "As long as there are dreamers, there are dreams that will come true."
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--Atlantic Syndication Network Enters Into Letter of Intent to Acquire $7.5 Million of FSBO Media Holdings Assets Atlantic Syndication Network Inc. (OTCBB: ASNI) and FSBO Media Holdings Inc. (PINKSHEETS: FSMH) announced today that they have entered into a Letter of Intent in which Atlantic Syndication Network Inc. will acquire specific businesses and selected assets of FSBO Media Holdings Inc. ASNI plans to purchase 100% of "For Sale by Owner" A/K/A FSBO brand names, certain business licensing rights and trademarks including: "FSBO Web TV," "FSBO HSPN.COM," "FSBO VideoSpectus," "FSBO FN," "By Owner University Training CDs," "Help-U-Build Guide and CD," "RelaxRelax Inc., d/b/a FLV Hosting," "Video Birthdays," "Video Business Cards," "FSBO Travel" and specific domain names to be referenced in the final agreement. ASNI Website - www.asni.tv ; FSBO Website - www.fsbomediaholdings.com
ASNI engages in the development, production, and distribution of television programs, commercials, infomercials, and ancillary products targeting domestic and international distribution. ASNI, having the financial benefit of owning its own state-of-the-art television studio, subsidized its creative team during the last 2 years in the development of high-end, web-based projects to support projected infomercials and website driven sales. Today, the company has defined a number of specific proprietary multi-media infomercial projects for distribution and is able to produce high-end content at considerably less than many of today's producers and production companies.
Kent Wyatt, President and CEO of ASNI, states, "The convergence of television and the internet has been inevitable and the impact this is having on all forms of television and the advertising business is major. The contribution and effect VOD (video on demand) has on the entertainment business via the internet is unbelievable; but, it's even more exciting to know that this technology literally dominos and complements most every form of business through all forms of media. FSBO has definitely demonstrated its ability to take advantage of this technology."
Major TV broadcasters and cable networks have announced a flurry of VOD and online initiatives that appear to have the potential to ultimately change the fundamental nature of TV content distribution business. Both NBC and CBS are moving top prime-time programs to VOD services that allow consumers to time-shift their viewing. ABC is making its entire nightly news program available online, while CBS and NBC are also putting more of their TV news content available via broadband Web access. Warner Bros. is making thousands of full-length TV episodes from its archives available online through AOL. NBC Universal is preparing to offer movies on an internet peer-to-peer file sharing service of the kind used to swap digital songs. TiVo is preparing to offer a new system that enables viewers to capture and download prime time shows onto their iPods for watching on the run. Beyond the TV realm, other media companies are making moves to become online or VOD distributors of TV content. For instance, giant magazine publisher Meredith will be producing its magazine content into video formats for VOD, Yahoo! and the other large internet portals, meanwhile, continues to expand their offering of digital video from a wide array of sources. "Advertising Age News" (December 1, 2005).
Wyatt continues, "Whether it's TV, radio or print, most responsible businesses direct us to their website; and today, media experts such as 'Advertising Age News' are right: VOD is here! ASNI's goal will be to take advantage of its creative and multi-media veterans to further expand and promote these businesses via VOD."
The proposed acquisition of FSBO assets will be consummated through the issuance of a combination of ASNI's common and preferred stock, and stock options with a total purchase price set at $7.5 million dollars. Upon closing of the proposed transaction, ASNI will select additional management and members to the board of directors to complement and help accelerate the growth of the company.
Steve Bazsuly, President of FSBO Media, said, "The acquisition of FSBO assets by ASNI will definitely benefit each of the company's shareholders. FSBO shareholders will receive a dividend distribution of shares in ASNI and at the same time still own shares in our Pink Sheets company. Presidential Holding, Inc. will be retained by our company and is not part of the asset acquisition." He also added, "The acquisition and financing opportunities as well as the mutual talent and combined effort will open new doors for the future growth of both companies."
The Proposed Transaction is conditional upon both parties' satisfactory completion of the Due Diligence effort, a definitive agreement and approval by all relevant parties involved including the Securities and Exchange Commission.
Safe Harbor: Included in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor created by those sections. Although the Company believes such expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove correct. The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain internal and external factors.
-------------------- The difference between genius and stupidity is that genius has its limits
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Grand Entertainment & Music, Inc. Offers Clarification Concerning Recent Letter of Intent
Market Wire "US Press Releases "
MONTREAL -- (MARKET WIRE) -- 10/19/06 -- Grand Entertainment & Music, Inc. (PINKSHEETS: GMSC) would like to clarify the press release regarding the letter of intent (LOI) made earlier this morning.
Quite a few concerned shareholders have been calling the company with questions in regards to the LOI statement released earlier this morning. This LOI is just the early stages of an offer. As a company, it is in Grand Entertainment's best interest to explore all viable offers. The company is not under any contractual duty to accept the $.02 sale price, and based on recent market activity, a higher price may well be justified. As it was mentioned in the earlier statement, the company is dedicated to doing what is best for the shareholders.
"I feel that it is not good business practice to turn away potential offers before we have heard them out," stated president, Fred Berlin. "As I stated earlier, I am committed to our shareholders, and their best interest is my number one priority. I will be meeting with board members and consultants this weekend to discuss this offer further. We released the LOI statement because we felt it is important to keep our shareholders apprised of all major developments concerning the company."
About Grand Entertainment & Music, Inc.
Based in Montreal, PQ, and incorporated in November 1998, the Company is an independent music company that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, the Company's multi-million dollar studios produce voice-overs and sound tracks for commercials and film, which are used on the radio, television and in theatres. Cherry Studios has produced thousands of records in its studios and has to its credit a total of 23 gold and platinum records. GEM, a pioneer in the Internet distribution and digital download field, currently owns and controls all its content and distribution rights. Having both content and distribution rights will enable the company to fulfill its mission of becoming a leading consolidator of quality music catalogues as well as a premier production, recording, publishing and Internet distribution company in the music industry.
-------------------- The difference between genius and stupidity is that genius has its limits
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Metropolis Technologies Corp. Summarizes $3,500,000 in Signed Contracts and Further Milestones Achievements for 2006 Thursday October 19, 2:00 pm ET http://biz.yahoo.com/pz/061019/107143.html
ALTAMONTE SPRINGS, Fla., Oct. 19, 2006 (PRIMEZONE) -- Metropolis Technologies Corp. (Other OTC:MTPT.PK - News) announced today that it continues to reach important milestones defined in its 3-year strategic plan. Metropolis Technologies announced today a summary of the recent milestones achieved by the company this year. Michael Smith, President of Metropolis stated the Board of Directors, Management, Employees and Strategic Partners deserve accolades for the following achievements:
1. Maturing from a development phase to a revenue earning phase 2. Relocation of the corporate headquarters to Florida 3. Refinement of the company's technology strategy 4. Delivering in excess of $3,500,000 in contracted business in Q3 5. Exceeding the conversion of sales leads to contracts by more than 65% 6. Attracting talented and capable new board members such as Hector Sectzer 7. Establishment of an advisory board 8. Exceeding benchmark customer service levels 9. Developing key strategic alliances globally
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In conclusion, Smith stated, ``As we mentioned previously, Company Management, our Board of Directors, Advisors, Strategic Partners and Suppliers are now seamlessly united. We have finally crossed the threshold from ideation, planning and testing to a new phase of ongoing client acquisitions and steadily scaling revenue streams. As a result of the maturation of our business, the company is excited to begin announcing the acquisitions of several new, revenue based, clients in the coming weeks.'
About Metropolis Technologies Corp.
Metropolis has a strategic platform to capitalize with the present and future way in which businesses, associations, artists & entertainers, venues and consumers communicate, create partnerships and develop revenue generating activities and transactions within the online universe.
Our mission is to innovate -- bringing the power, ease of use and massive reach of the internet together with our constantly evolving software solutions to deliver better products, customized services and unique business solutions. Today, Metropolis is offering highly advanced, scalable e-ticketing and portal solutions to clients in North America, South America and the Caribbean with a deeper commitment to provide our products and solutions to clients and consumers on a Global scale.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The ``Act'). In particular, when used in the preceding discussion, the words ``pleased' ``plan,' ``confident that,' ``believe,' ``expect,' ``intend to,' or ``anticipate' and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the company's SEC reports and filings. All forward-looking statements are based on information available to Metropolis Technologies Corp. on the date hereof, and Metropolis Technologies Corp. assumes no obligation to update such statements.
Contact: Metropolis Technologies Corp. Michael Smith, CEO & President 1-800-352-2138 1-786-866-4032 Fax: 1-305-675-7626 michael.smith*metropoliscorp.com 921 Douglas Ave, Suite 100 Altamonte Springs, FL 32714
-------------------- The difference between genius and stupidity is that genius has its limits
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Playstar focuses it's marketing on Chitchat text after successful initial marketing 10/19/2006 2:04:00 PM Playstar Corporation (PLYCF:PK)
TORONTO, Oct 19, 2006 /PRNewswire-FirstCall via COMTEX/ -- Playstar Corporation is pleased to announce the immediate launch of more focused marketing for www.chtichattext.com interactive chat SMS text business.
Premier Mobile Technologies, Inc., a 100% wholly owned subsidiary of Playstar Corporation, will now focus its marketing on regional newspapers, specific weekly magazines and extensive web based marketing along with double opt in email campaigns.
Pat Cecil of Premier Mobile states "Our national ads were getting results but our more direct ads were receiving much more traffic. We now have the formula for the response on this business and will immediately launch all efforts to target them. The interactive chat business on text is growing immensely in Canada and we intend to become a big part of that."
Short codes, also known as short numbers or Common Short Codes (CSC) are special telephone numbers, significantly shorter than full telephone numbers, which can be used to send an SMS text.
Text messaging is more popular than ever. Canadians sent more than 1.5 billion person-to-person text messages in 2005, more than double the previous year's volume of 710 million. Canadians now send over 324.4 million text messages per month - that's more than 10.8 million text messages each day. What's more, the number of people using text messaging continues to grow month after month, as does the number of messages sent. Canadians of all ages are getting in on the action. For more information on this and other exciting new prizes coming soon, visit www.texttowinbig.com.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filings.
Cal-Bay International in Receipt of October 13, 2006 NOBO List Simultaneous with Publication on NASDAQ Naked Short List October 18, 2006
CARLSBAD, Calif.--(Business Wire)--Cal-Bay International Inc. (OTCBB:CBAY) today announced the company was again listed on the NASDAQ Naked Short List, and simultaneously the company today received the NOBO (notice of beneficial ownership) list as of October 13, 2006.
The company is currently reviewing the NOBO list with the intent of identifying the obvious short position as is now confirmed by the publication on the NASDAQ Short List.
The company will publish a more specific statement regarding the short position early next week along with the company's intentions to combat the short position.
FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.
The Company assumes no obligation to update any of the forward-looking statements in this release.
Cal-Bay International, Inc. Tim Garlin, Public Relations, 760-930-0100 Fax: 760-930-0200 E-mail: IR*calbayinternational.com Website: www.calbayinternational.com
Copyright Business Wire 2006 19Oct06 18:36 GMT Symbols: de;CB3 us;CBAY Source BW Business Wire Categories: MST/L/EN MST/R/NME MST/R/US MST/R/US/CA TGT/BWB
-------------------- The difference between genius and stupidity is that genius has its limits
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