MultiCell Technologies Releases CEO Letter to Shareholders Company Details Therapeutics Programs and Updates Investors on Recent Achievements
SAN DIEGO--(BUSINESS WIRE)--MultiCell Technologies, Inc. (OTCBB:MCET), developing first-in-class drugs based on advanced immune system modulation and other proprietary technologies, today released a letter to shareholders from Chief Executive Officer, Dr. Stephen Chang.
Following is the text of Dr. Chang’s Letter to Shareholders:
Dear Valued Investor,
During the past year your company has made exciting progress towards becoming an integrated biopharmaceutical company. Our unique drug development technology platforms, designed to treat disease by modulation of the human immune system have grown to include deadly diseases such as cervical cancer and other cancers that are caused by viruses. The most exciting aspect of this work is how we administered MCT-465 and IgNP after the tumor had grown to a very large size in the animal, and observed complete destruction of the tumor by the animal's immune system. We were able to overcome cancer's ability to hide from detection by the animal's immune system.
MultiCell's drug development technology platforms include Toll-like Receptor (TLR) and T-cell targeting technologies designed to modulate both the innate and adaptive immune systems, thus enabling the creation of advanced drug candidates that stimulate or suppress the immune system via disease specific targeting.
As a shareholder, you can expect MultiCell to continue innovating with scientific advances focusing on the development of breakthrough drugs to treat serious autoimmune diseases. Among those therapies under development are drugs designed to treat multiple sclerosis and type-1 diabetes, as well as influenza. Currently, the market for therapies that address these diseases is estimated at $8 billion worldwide. The new therapeutic combination further expands our potential therapeutic development targets to include cancer.
In particular, we are focused on the development of MCT-125, MCT-175, MCT-275, and MCT-465.
MCT-125 is a first-in-class drug for treatment of chronic fatigue in patients with multiple sclerosis. Currently there are no FDA approved drugs for the treatment of fatigue in patients with MS. We are presently seeking allowance to proceed from the UK's Medicine Healthcare Product Regulatory Agency (MHRA) for approval to proceed with our planned Phase IIb clinical trial.
MCT-175 is based on our Ig-peptide T-cell targeting technology platform, and is indicated for the treatment of relapsing-remitting MS. MCT-175, in preclinical development, targets disease specific autoaggressive T-cells that destroy the myelin sheath of nerve cells. MCT-175 successfully ameliorated the disease in animal models.
MCT-275 is also based on our Ig-peptide T-cell targeting technology platform, and is indicated for the treatment of early on-set type-1 diabetes. In preclinical animal modes, MCT-275 lowered blood sugar levels to within normal range, and prevented death in the experimental group compared to the control group where all animals died as a result of the excessive blood sugar levels.
MCT-465 is a TLR agonist, and is being developed as an adjuvant therapy for the treatment of virus infection and cancer. MCT-465 in preclinical studies successfully reduced pulmonary influenza virus levels 1,000-fold in animal models, and has demonstrated effectiveness in reducing virus levels of HIV and HCV in animal models. In preclinical animal studies, MCT-465 successfully eliminated certain types of cancers caused by viruses.
Moving forward, our shareholders can expect us to continue expanding our portfolio of platform drug development technologies and prospective new drug candidates.
Thank you for your continued support.
Yours sincerely, Dr. Stephen Chang CEO, MultiCell Technologies, Inc.
About MultiCell Technologies, Inc.
MultiCell Technologies, Inc. is an integrated biopharmaceutical company committed to the development of breakthrough therapeutics based on a portfolio of therapeutic candidates and patented drug development technology. MultiCell's drug development program is focused on modulation of the immune system. MultiCell's therapeutic pipeline includes drug candidates some of which are in various advanced stages of human clinical trials. These therapies include:
MCT-125 for the treatment of chronic fatigue in MS patients. MCT-125 completed a Phase II clinical trial and demonstrated significant efficacy in reducing chronic fatigue in MS patients. There is no drug specifically approved for the treatment of chronic fatigue in MS patients anywhere in the world. MCT-175 for the treatment of relapsing-remitting MS. MCT-175, in preclinical development for the treatment of relapsing-remitting MS, targets disease specific autoaggressive T-cells that destroy the myelin sheath of nerve cells. MCT-175 successfully ameliorated the disease in animal models. MCT-275 for the treatment of type-1 diabetes. MCT-275, in preclinical development, targets disease-specific autoaggressive T-cells that destroy insulin producing cells in the pancreas. MCT-275 completely reversed the type-1 diabetic phenotype and prolonged life in animal models. MCT-465 in an adjuvant therapy for the treatment of virus infection and cancer. MCT-465 in preclinical studies successfully reduced pulmonary influenza virus levels 1,000-fold in animal models, and has demonstrated effectiveness in reducing virus levels of HIV and HCV in animal models. MCT-465 in preclinical studies successfully eliminated certain types of tumors in animal models. The Company also holds unique cell-based technology for use in drug discovery screening applications, and is a leading producer of the cell lines needed by the biotechnology industry to develop new drugs and therapeutics.
posted
UCPI (.49) Announces the Successful Drilling of Its North Laurel Ridge Prospect with Potential Reserves of 1,000,0000 Barrels of Oil and 3 Bcf of Gas
Business Wire "US Press Releases "
HOUSTON--(BUSINESS WIRE)--
Unicorp, Inc. (OTCBB:UCPI) announced today that the drilling of its North Laurel Ridge Prospect located in Iberville Parish, Louisiana has been completed to a total depth of approximately 12,200 feet. The well is expected to be logged within the next several days at which time a decision to run production casing will be made. During the drilling operations there were three reported oil and gas shows in separate zones. Unicorp has a 5% working interest and an approximate 4% net revenue interest in the well.
The North Laurel Ridge Prospect was drilled to a depth of approximately 12,200 feet to test the Cibicides Hazzardi 1 thru 5 sands updip to the KCS Claiborne Plantation Well #1 which tested at 1,039 BOPD and 872 Mcfpd from the Cib.haz #4 sand. Total reserves are estimated to be 1,093,000 barrels of oil and 3.3 Bcf of gas.
"The drilling operations are running as expected and we are optimistic that we will have a productive well," stated Arthur Ley, COO of Unicorp. "We are excited that there were oil and gas shows during the drilling and expect to have a much clearer picture after the logs are run in several days."
About Unicorp
Unicorp, Inc. is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.
Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements, including the company's ability to successfully acquire oil and gas properties and drill commercial wells. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about Unicorp's future business and financial results, refer to Unicorp's Annual Report on Form 10-KSB for the year ended December 31, 2005 and Form 10-QSB for the quarter ended September 30, 2006. Unicorp undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.
Source: Unicorp, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
Meridian Co. Ltd. Broadcast Available on Green Baron Webcast to 700,000 Members Monday, November 27, 2006 Meridian Co., Ltd. ("Meridian" or the "Company") (OTCBB: MRDAF) an industry leader in the research/development, manufacturing and sales of integrative medical equipment is pleased to announce that representatives from Meridian Medical Inc. ("MMI"), Meridian's North American Corporate and Distribution office have conducted a joint webcast now available on The Green Baron. This provided an opportunity for Meridian to inform its shareholders and the investment community about the exciting developments currently taking place.
Anna Brazier, Managing Director of MMI and Scott Lee, the Korean Corporate Liaison of MMI lead the webcast with Green Baron. Anna Brazier stated, "I hope this provided the investment community with some clarity on the status of the government contract, sales forecasts and ongoing business developments."
To listen to this webcast please visit the following link:
The webcast is hosted by Evergreen Marketing, and conducted by their subsidiary *************.com. For more information about Evergreen Marketing, Inc. and their subsidiary The Green Baron Investors Society visit them on the web at www.EvergreenMarketingInc.com and www.*************.com.
The webcast will also be available for listening along with additional information on Meridian on *************.com's affiliate website www.StrictlyStocks.com.
More About: Meridian
Meridian is an established leader in the research/development, manufacturing and sales of integrative medical equipment. The Company sells its products and equipment to a wide range of customers in the global health care industry. The Company presently holds a total of 18 worldwide patents on its technology, and has received FDA approval, as well as other international regulatory approvals, for many of its products.
On Behalf of the Board of Directors, Hyeon Seong Myeong President
This press release may contain certain forward-looking information and statements concerning the company's operations, performance and financial condition. These statements are based upon a number of uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. This document is not intended to be and is not an advertisement for any securities of the Company.
InRob Reaches an Agreement in Principle to Acquire Production Facility in the Philippines LAS VEGAS, Nov. 27, 2006 (PRIME NEWSWIRE) -- InRob Ltd. ("InRob") (OTCBB:IRBL), today announced that it has reached an agreement in principle to acquire a production facility in the Philippines in support of its global penetration strategy.
InRob announced that it is currently moving forward in its plans to acquire a modern production facility in the Philippines to expand its manufacturing infrastructure. The new plant will enable InRob to mass-produce its products for the global market and exploit significant economies of scale to establish a significant competitive advantage over its competitors.
"The UGV market is targeted for unprecedented growth rates over the coming 3-5 years, where advances in remote-control technologies are leading to increased use of UGVs for 'dirty and dangerous' missions in unstructured, complex military environments," says Ben-Tsur Joseph, President of InRob. "In this high-potential market, the new plant creates a special growth opportunity for InRob's unique integration expertise, experience, with innovative R&D capabilities."
"The new plant will also allow InRob to expand the production of its proven products for its primary market -- military and defense related uses, and mass produce its products for the global market at competitive prices," says Ben-Tsur Joseph, President of InRob.
While supporting InRob in the global military robotics market, the new plant will also allow InRob to implement its knowledge and expertise in consumer robotics as well. "At the same time," adds Ben-Tsur Joseph, "the plant is a key to the booming Far East market, which is extremely enthusiastic about consumer robotics."
InRob's top management is scheduled to travel to the Philippines to advance and finalize a definitive agreement with respect to the acquisition of the plant, which is expected to close during the first quarter of 2007.
About InRob Tech
InRob Tech is an Israeli-based high-tech company specializing in the planning, manufacturing and service support of advanced wireless and remote control systems, operating all types of robots and other vehicles. The Company is Israel's leader in its field, and supports the IDF (Israeli Defense Forces), Israeli police, and other military and civilian companies dealing with security. Founded in 1988, the Company works closely with other high-tech companies to provide the most advanced and comprehensive UGV solutions to the market.
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
CONTACT: InRob Tech Ltd. Mr. Ben-Tsur Joseph 866-668-2929 inrob-ir*inrobtech.com
posted
SNSG (.18) Files International Patents Worldwide
Market Wire "US Press Releases "
LAKE HARMONY, PA -- (MARKET WIRE) -- 11/27/06 -- Sense Technologies, Inc. (OTCBB: SNSG), a major player in the development and marketing of vehicle backing awareness safety systems, announced that it has filed an international patent application under the Patent Cooperation Treaty (PCT) for their Scopeout® safety mirror system in the countries of Japan, Canada, Australia and Mexico, as well as several European countries under the European Patent Convention (EPC).
Bruce Schreiner, President of Sense Technologies Inc., stated, "This filing process is a natural extension to the favorable results we have already enjoyed in the United States Patent Offices via our recent patent issuance and the allowance of a significant number of claims based on those originally requested for our ScopeOut® products. Plus, we have the expectation of similar additional US patent allowances. With the recently completed agreement with AmerTrade InterNational Group for the Republic of Mexico, this intellectual-property protection is 'hand-in-glove' with respect to our expectations of international sales successes for ScopeOut® products."
Other active stocks are JetBlue Airways Corporation (NASDAQ: JBLU), Xilinx, Inc. (NASDAQ: XLNX) and Emdeon Corporation (NASDAQ: HLTH).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid $500.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.
CenGroup Receives Approval for Operations Oil Recovery Projects to Begin near Baku
VANCOUVER, British Columbia & BAKU, Azerbaijan--(BUSINESS WIRE)--CenGroup Petroleum Corporation (PINK SHEETS:CPCO) announced today that it has received authorization to recover oil from several sites in and around the Azeri capital city of Baku. This came about after the recent environmental clean-up declarations announced by Azeri President, Ilhan Aliyev. CenGroup has pre-fabricated extraction and transportation equipment in anticipation of the President’s announcement. Now, with a container of sorbent in transit from the USA, the Company is gearing up operations. EnviroMop™ will continue shipping sorbent from the USA until the Baku manufacturing plant is operational.
About: CenGroup Petroleum Corporation was developed to take advantage of an opportunity to recover surface oil in the Caspian Sea Region and to reclaim the oil to productive use while environmentally restoring the land, sea, and shore. Over the past five years the Company has singularly positioned itself in this lucrative region by developing relationships within the Azerbaijan government. It has been estimated that there are approximately 250 million barrels of surface oil lying on water and land in the Caspian Sea Region, with nearly 1 million new barrels of oil leaking to the surface each year. For more information, please visit their web site at www.CenGroupPetroleumCorp.com.
This Press Release contains "forward-looking" statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "may," "will," "expects," "projects," "anticipates," "estimates," "believes," "intends," "plans," "should," "seeks," and similar expressions. These statements reflect management’s beliefs and are based upon information currently available. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause CenGroup’s actual results, performance or achievements to differ materially from those expressed in or implied in such statements. The aforementioned risks and uncertainties may include, but are not limited to, risks associated with possible petroleum market fluctuations and geopolitical conditions in the region of which CenGroup’s oil recovery and reclamation business takes place. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information set forth in this Press Release including such forward-looking statements.
Contacts CenGroup Petroleum Corporation Toll Free, 1–866–640–CPCO (2726) www.cengrouppetroleumcorp.com info*cengrouppetroleumcorp.com or PR Contact: Investor Response, LLC Al Turano, 303-531-6990
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
Martin Nutraceuticals Previews Book at Whole Life Expo in Toronto, Canada RENO, Nev.--(BUSINESS WIRE)--Martin Nutraceuticals Inc. (MNCL PK) is pleased to announce the highly successful preview of Dr. Tony Martin’s newest book, “Medical Crisis: Secrets Your Doctor Won’t Share With You.” Dr. Martin, Director of Research and Development for Martin Nutraceuticals, was a featured speaker at the “Whole Life Expo” - Canada’s largest showcase of natural health and alternative medicine. The showcase attracted between 15,000 to 20,000 visitors to the Metro Toronto Convention Center.
Dr. Martin introduced his book to a “standing room” only crowd during his presentation Sunday afternoon, then personally autographed his book to hundreds after his seminar. “This was a great response to the preview of the book and we can’t wait to do the launch North America wide,” stated Dr. Martin.
Harvey Panesar, President of Martin Nutraceuticals, stated, “Tony has authored a winning book and we can’t wait to launch the book via Direct Response TV. Tony talks in layman terms to associate with the reader on how to effectively lead a healthier lifestyle.” Mr. Panesar continued, “The book provides great insight into the benefits of our flagship products, Arthrizyme and Oxygenol, and why it is important to take our products on a daily basis.”
About Martin Nutraceuticals Inc.
Martin Nutraceuticals Inc. is a company focused on providing a better health and lifestyle through natural products. Martin Nutraceuticals' flagship products include Arthrizyme(TM) for general joint pain and Oxygenol(TM) for anti-oxidation and Maximum Slim(TM) for weight control.
Arthrizyme(TM) is a unique blend of systemic enzymes proven to rapidly reduce inflammation in joints and muscles. Arthrizyme(TM) is not limited to anti-inflammatory effects; it also assists the body in the healing process by breaking down fibrin in joints and muscles. Arthrizyme(TM) differs from all other natural arthritis remedies and was designed to work for all types of arthritis and in all joints of the body. Arthrizyme(TM) is fast acting, usually improving symptoms within the first few days.
Safe Harbor Statement
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions.
Contacts Pilot Financial Communications Network Rick Gean, 888-772-8611 Direct: 480-247-2142 E-mail: ir*martinnutra.com
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
Las Vegas From Home.Com Entertainment Inc. Closes the Sale of its Operating Unit, Action Poker Gaming Inc. 11/27/2006
VANCOUVER, BRITISH COLUMBIA, Nov 27, 2006 (CCNMatthews via COMTEX News Network) -- Las Vegas from Home.com Entertainment Inc. ("the Company") (TSX VENTURE:LVH)(OTCBB:LVFHF)(BERLIN:LVH)(FWB:LVH) is pleased to announce it has closed the sale of its subsidiary Action Poker Gaming Inc. ("APG") for US $2,600,000, an increase of US $250,000 from the original sale announced on October 26, 2006. A finder's fee of US $75,000 is payable to an arm's length third party. Following this transaction, the Company has a current cash balance of approximately Cdn $8,500,000 and no debt.
The sale included, among other things, all of the Action Poker brands, the operating infrastructure in Action Poker Gaming Inc., APG Costa Rica S.A. and Action Commerce Limited and an undivided interest in the software used by the Company to run its Action Poker Network. As a result of the sale, the Company will no longer have any online gaming interests in the North American market nor will it until the legislative landscape changes.
Company President Jake Kalpakian states, "The sale of APG and associated properties will now allow the Company to streamline its operations and focus on building upon its promising Asian Multiplayer Software Platform ("AMSP") which now has two licensees and is already generating revenues. Furthermore, the Company has been receiving a tremendous amount of interest for this particular product from prospective licensees. We believe our unique Software should enable us to capitalize on niche or nascent market opportunities in that region."
The Company's Q3 2006 results will be released on Wednesday, November 29, 2006. As a result of the sale of APG, the Company will not hold a conference call to discuss the most recent quarter's results. It will provide an update regarding its AMSP in the New Year or sooner as developments warrant.
On behalf of the Board of Las Vegas From Home.com Entertainment Inc.
Jacob H. Kalpakian, President
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this release containing words such as "believes", "plans", "expects" or "intends" and other statements that are not historical facts are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company disclaims any obligation or intention to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
SOURCE: Las Vegas From Home.com Entertainment Inc.
as Vegas From Home.com Entertainment Inc. Jacob H. Kalpakian President (604) 681-0204 (604) 681-9428 (FAX) Email: info*lvfh.com Website: www.lvfh.com
Copyright (C) 2006 CCNMatthews. All rights reserved
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
Reply to previous auditor, Cinnamon Jang Willoughby's letter filed on SEDAR
VANCOUVER, BRITISH COLUMBIA, Nov 27, 2006 (CCNMatthews via COMTEX News Network) -- AMS Homecare Inc. (OTCBB:AHCKF), a leading national provider of mobility products, durable medical products and patient monitoring technology to the aging North American population, is pleased to report the following corporate update:
The company is still waiting for the BCSC to remove the Cease Trade, although the company trades on the OTCBB with no restrictions. The company is not aware of any information that the BCSC is waiting to receive from the company. Therefore, we are hopeful that the Cease Trade will be removed soon.
Harj Gill states:
With regards to the recent change of auditor announcements filed on SEDAR and EDGAR we would like to make clear again that the statements made by Cinnamon Jang Willoughby are not accurate with regards to paragraph (f) of their letter dated November 17, 2006. CJW is incorrect to state that "at no time did we state to the Company's management that we believed that the filing deadline for the Company's financial statements was sometime in August 2006. In fact, we never provided any comment on when the Company's annual report of financial statements were due to be filed". In fact not only did Mr. Ron Miller make comments such as these, the company has documentation to show that Mr. Miller was also unsure of the filing deadlines the previous year and similar discussions took place in which the Company CEO had to inform him of the deadlines that year. CJW's statement that "we did not refuse the successor auditor access to working papers" is also incorrect. The Company has documented in writing between verbal and written correspondence that initially CJW did indeed deny access which caused the company further delay and expense. Lastly, CJW's comments that "Our refusal to provide our unqualified auditors report was due to our inability to obtain sufficient and appropriate audit evidence. More specifically, the Company was unable or unwilling to provide us with a legal opinion regarding the issuance of approximately 189 million unrestricted common shares" is also incorrect. CJW was provided access to the working papers as requested by CJW during the field audit and also note that the new auditors STS Partners were not provided any new working audit evidence regarding the issuance of the shares to complete their audit opinion letter.
With regard to other company matters: The company continues to negotiate with Wireless2000 on the potential acquisition of Wireless2000 by the Company. No agreements are in place at the moment. Management is working diligently on increasing financings in expectations of further growth in the company. As noted in earlier news releases the Company has entered into a service arrangement with WISX (World Internet Stock Exchange). WISX is not a recognized stock exchange and is not open to the public.
About AMS Homecare
Founded in 1989, AMS Homecare is a successful purveyor of mobility equipment; durable, disposable medical products, and patient monitoring technology. AMS is a USA retailer with its own pharmacy/durable equipment store (http://www.65plusstore.com). With a base of 300-plus dealer customers in Canada, the company is moving forward and strengthening its foundation, building an organization capable of serving the needs of the aging populations in Canada and the United States. More information is available at (http://www.amshomecare.com).
Safe Harbor Statement: Statements contained in this fact sheet relating to AMS Homecare that are not historical facts are "forward-looking" under the Private Securities Litigation Reform Act. Forward-looking statements are subject to risks and uncertainties. Investors should refer to the Full and Complete Safe Harbour Statement disclosed on the company website (http://www.amshomecare.com).
SOURCE: AMS Homecare Inc.
AMS Homecare Inc. Daryl Hixt Corporate Communication (604) 273-5173 ext 121 Email: ir*amshomecare.com Website: www.amshomecare.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
Canasia options Debut Gold Property from Golden Patriot Corp. 11/27/2006
VANCOUVER, Nov. 27, 2006 (Canada NewsWire via COMTEX News Network) -- Canasia Industries Corporation (CAJ: TSX-V) ("Canasia") is pleased to announce it has entered into an option agreement to acquire a 50% interest in Golden Patriot, Corp.'s Debut Gold Property situated 96 miles southeast of Elko, Nevada.
The Agreement provides that, in order to earn its 50% interest in the Debut Gold Property, Canasia is committed to exploration expenditures of $1,000,000 over ten years.
Further, Canasia is pleased to announce that Cooper Minerals Inc., of Reno, Nevada, has been retained to conduct stage one of a proposed two stage exploration program. Stage one will include geochemical sampling, mapping and verify by drilling an initial target identified on the Debut Gold Property.
The above noted work program is pursuant to a 43-101 compliant report as prepared for Golden Patriot by David R. Shaddrick, M.Sc., CPG, P. Geo. of Shaddrick & Associates of Reno, Nevada.
The option agreement is subject to exchange approval.
The foregoing securities have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation or sale would be unlawful.
This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein
SOURCE: Canasia Industries Corporation
David W. Derby, President, Canasia Industries Corporation, Tel: (778) 328-8848, Toll Free: 1-877-428-8848, Email: derby*canasiaind.com
Copyright (C) 2006 CNW Group. All rights reserved.
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
Upward Momentum: ACTIS Global Ventures Announces Third Quarter 2006 Earnings Results: Quarterly Gross Profits Increased by 17% 11/28/2006
Quarterly Sales Increased 26%.
Nov 28, 2006 (M2 PRESSWIRE via COMTEX News Network) -- ACTIS Global Ventures, Inc., (OTC BB: AGLV), together with its subsidiaries, operates as a marketing and product distribution company. It markets wellness products in bioenergetics, nutrition, and beauty areas.
Share are down by 31% reaching a low of .0020 on a volume of over 5 million in the afternoon trading on Monday . ACTIS Global Ventures, Inc. (OTC BB: AGLV), a publicly held Nevada corporation, reported consolidated results for the third quarter of 2006.
**************** is quickly emerging as one of the newest and most exciting online newsletters for international, small-cap investors looking to stay a step ahead of the markets.
ACTIS reported consolidated net sales of $2,560,379 for the three months ended September 30, 2006, an increase of 26%, from $2,035,035 for the three months ended September 30, 2005. Consolidated net sales for the nine months ended September 30, 2006 increased to $8,212,859 from $5,584,291 for the same period in 2005, a 47% increase. The increase in sales in the three and nine month periods ended September 30, 2006 over the same periods in 2005 are primarily attributed to the continued growth of our BIOPRO Technology division.
This article is available for viewing in the Featured Articles Section on our website. To view this article and comparables join us at www.**************** for a complimentary subscription to the newest and most exciting online financial newsletter on the market. No Credit Card information needed.
The Financial Information and Financial Content provided by **************** is for informational purposes only and should not be used or construed as an offer to sell, a solicitation of an offer to buy, or endorsement, recommendations, or sponsorship of any company or security by ****************. You acknowledge and agree that any request for information is unsolicited and shall neither constitute nor be construed as investment advice by **************** to you. It is strongly recommended that you seek outside advice from a qualified securities professional prior to making any securities investment. **************** does not provide or guarantee any legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or informational source.
All material herein was prepared by based upon information believed to be reliable. The information contained herein is not guaranteed by Market Gainer to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Market Gainer is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
-------------------- "As long as there are dreamers, there are dreams that will come true."
IP: Logged |
Unity Wireless Prepares for Next $2,000,000 Order Series 11/28/2006
Completion of Phase One for Top Russian Carrier Nears Completion
BURNABY, BC, Nov 28, 2006 (MARKET WIRE via COMTEX News Network) -- Unity Wireless Corporation (OTCBB: UTYW) this week released an update on its ongoing supply agreement with one of Russia's largest Wireless Network Operators. Phase one of this four-stage, twelve-month deployment will be successfully completed by the end of January with the installation of 15 of Unity's high end outdoor frequency shifting repeaters. The Operator forecasts that the next stage order will be placed in Q1 2007 with planned deployment of the full $2,000,000 series to be competed by the end of the year.
"Our client is expanding its urban indoor coverage and outdoor rural coverage. Unity's role in this expansion is to supply them with both indoor and outdoor repeaters as well as TMAs (Tower Mounted Amplifiers)," said Ilan Kenig, CEO of Unity Wireless.
Mr. Kenig continued, "This project further underscores the success of our acquisition and integration strategy with several product lines being layered into the same account and delivering incremental revenue benefits in a shorter time than would be possible otherwise. Next year's scheduled deployment for this customer includes revenue for Unity across three of our product lines -- a great milestone for the unified organization."
About Unity Wireless
Unity Wireless is a world-class provider of wireless coverage enhancement solutions for cellular operators and custom subsystems for network infrastructure manufacturers. For more information about Unity Wireless, visit www.unitywireless.com.
Forward-Looking Statements
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "feel," "plan," "anticipate," "project," "could," "should" and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation, inability to consummate the acquisitions, difficulty in integrating any of the proposed or future acquisitions, inability to raise the funds necessary for the continued operations of the Company and its acquisitions, changes in external market factors including the economy, and other risks and uncertainties indicated in the Company's most recent SEC filing on form SB-2. Actual results could differ materially from the results referred to in the forward-looking statements.
Investor Contact: David Orton Unity Wireless (604) 267-2715 davido*unitywireless.com Mike Mulshine Osprey Partners (732) 292-0982 osprey57*optonline.net
Admiralty Holding Company Announces Issuance of Third US Patent 11/28/2006
DOUGLASVILLE, GA, Nov 28, 2006 (MARKET WIRE via COMTEX News Network) -- Admiralty Holding Company (OTCBB: ADMH) (Admiralty) announced today that it has received a third US Patent on its technology. This patent is titled "Systems and Methods For Synchronous Detection of Signals" and carries U.S. Patent No. US 7,126,323 B1 dated October 24, 2006. 22 Patent Claims and 11 Drawing Sheets were allowed.
Any object will exhibit two types of responses to a signal. The first is the "direct" response that occurs instantly to the signal. The second is the "residual" response that is present after the signal has been removed. This secondary response generally decays with time. In most situations this decay is very rapid. Short pulses are by their very nature broadband containing energy over many frequencies. The accuracy of the response is limited by the system and background noises, the timing accuracy of the system and the strength of the return. In many systems using this method, such as metal detectors and eddy current detectors, the object is in the near field of the transmitter, therefore, only the residual response is measured. This residual decays rapidly. Often in these cases the signal is very low and the response must be averaged over several pulses to get a usable signal. In these cases the repeatability of the system affects the accuracy in a negative manner. The low energy of the pulses coupled with timing errors in recording the responses and the inherent repeatability problems of producing short pulses make the results obtained in this manner generally poorer than those obtained via the continuous mode. Our continuous method is more concise and allows us to differentiate between objects more precisely than conventional detectors utilizing a pulsing signal. The continuous method also allows for stronger input signals enabling us to identify objects more precisely.
While the ATLIS(TM) technology was initially developed to distinguish between various metals, it is apparent that a superior sensing device would have broad applications. We intend to examine applications for this technology in many markets in addition to shipwreck recovery. We believe that a major opportunity may exist in security applications via Homeland Security and we will explore this opportunity.
This release contains "forward-looking statements." Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on expectations, estimates and projections that involve a number of risks and uncertainties (some of which are described in the Company's Annual Report for 2005 on Form 10-KSB filed with the SEC) which could cause actual results or events to differ materially from those anticipated. Admiralty does not undertake to update any of its forward-looking statements that may be made from time to time.
Company Contact: Admiralty Holding Company G. Howard Collingwood COB & CEO 877-948-7327
SOURCE: Admiralty Holding Company
Copyright 2006 Market Wire, All rights reserved.
-------------------- "As long as there are dreamers, there are dreams that will come true."
IP: Logged |
HOUSTON, Nov 28, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI) today announced that its shareholders have approved a proposal to increase the Corporation's authorized shares of common stock by 400,000,000 shares.
VirTra Systems' shareholders voted to increase the number of authorized shares of its common stock at a special meeting held at the company's headquarters yesterday in Houston, Texas. Shareholders passed the proposal with 82.5% voting for the proposal, and 17.5% voting against it.
Major General Perry V. Dalby (USA-Retired), VirTra Systems' chief executive officer, commented, "I am pleased to have received the overwhelming support of our shareholders for this proposal, and am grateful for their participation in this important process.
"A small portion of the newly authorized capital will allow us to satisfy previous financing commitments, and secure needed capital to assist in the manufacture of over $2.5 million of new small arms training simulator orders received this fall.
"In addition, projections for 2007 are extremely encouraging as our sales efforts continue to secure new and repeat business, and we introduce new initiatives designed to improve our overall corporate efficiency," Dalby concluded.
About VirTra Systems
Utilizing patented technology, VirTra Systems sells situational awareness firearms training systems to military agencies such as the U.S. Army, Navy, Air Force, Marines, and Department of Defense, and to national and international law enforcement agencies. The company also produces multisensory promotional virtual reality systems and 3-D theaters for clients such as General Motors, Pennzoil, Red Baron(TM) Pizza, and the U.S. Army. For more information, visit www.virtra.com.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. VirTra Systems urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
Media Relations: VirTra Systems, Inc. Steve Haag, vice-president of investor relations Houston, Texas (832) 242-1100 shaag*virtra.com
SOURCE VirTra Systems, Inc.
Steve Haag, vice-president of investor relations, VirTra Systems, Inc., +1-832-242-1100, shaag*virtra.com http://www.virtra.com
Copyright (C) 2006 PR Newswire. All rights reserved
-------------------- "As long as there are dreamers, there are dreams that will come true."
IP: Logged |
Seamless Receives 500 Unit S-XGen(TM) Order From Integrated Technologies Support Services -- First Quarter 2007 Production Run of 3,000 Units Almost Sold Out 11/28/2006
LAS VEGAS, NV, Nov 28, 2006 (MARKET WIRE via COMTEX News Network) -- Seamless Wi-Fi, Inc. (OTCBB: SLWF) today announced that Integrated Technologies Support Services Inc. of New York has placed an order for five hundred (500) S-XGen Ultra Mobile Personal Computers for resale by their Technology Management and Consultancy Services division. The order from ITSS brings total S-XGen(TM) orders to almost 3,000 units, effectively selling out planned initial production for the first calendar quarter of 2007.
"The S-XGen will fit well into our product mix. We are pleased to commit to the last large unit block available in the first quarter and eager to see what we can do with this product," said Damon Kinebrew, Director for Integrated Technologies Support Services Inc. ITSS is an offshoot of Advanced Technological Solutions (ATS), an ESOP (Employee Stock Ownership Plan) formed by former IBM Employees in 1993 and certified by: Empire State Development; New York City School Construction Authority; and The Port Authority of NY/NJ and registered with NY State Office of General Services and the Federal Government and a member of the Association of Minority Enterprises of NY. More info is available at www.itssny.com/aboutus.html
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. To date Seamless has booked business orders for 2,200 S-XGen UMPCs.
Seamless will be showing the S-XGen at the 2007 International Consumer Electronics Show (CES(R)) in Las Vegas, January 8-11 at the Sands Innovation Pavilion. The CES site is viewable at:https://myces2007.bdmetrics.com/Portal/ViewCompany.aspx?id=1885332
The S-XGen reservation site is at www.slwf.net, where in addition to reserving an S-XGen, interested parties can view the device and specifications and register to receive Seamless News.
About Seamless Wi-Fi
Seamless Wi-Fi, Inc. (www.slwf.net) is based in Las Vegas, Nevada, with 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 Skyy-Fi is also the developer of the software program that provides the Wi-Fi user a Secure Internet Browsing (SIB) that encrypts the user's Wi-Fi signal.
Seamless Peer 2 Peer develops Phenom(TM) Virtual Internet Extranet encryption software, which provides SOX- and HIPAA-compliant secure peer mail, chat, file transfer, remote PC access, secure VoIP, video conferencing and white boarding in a two Mb client download.
Seamless Internet offers high security hosting services for Seamless Peer 2 Peer and Skyy-Fi clients and is not available for general public hosting services. Seamless Internet is also manufacturing and marketing the S-XGen combination phone & mini-computer.
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.
Eternal Image Retains 'Creative NGen' To Upgrade Website Business Wire - November 28, 2006 06:30
FARMINGTON HILLS, Mich., Nov 28, 2006 (BUSINESS WIRE) -- Eternal Image, Inc. (OTC:ETIM.PK), a public company engaged in the design, manufacturing and marketing of licensed image caskets and urns, today announced that it has retained Detroit-based Creative NGen to upgrade the Eternal Image website.
"As do many start-ups, we launched our website with a bare-bones format that helped us along in our early days," said Clint Mytych, president of Eternal Image. "As our story has become more well-known, we have experienced tremendous growth in visitors to our site. This redesigned site will meet the needs of this growing audience; it will be much more sophisticated in terms of the information available and the ability to order products online."
The dynamic website will feature individual showrooms for each line of licensed products. There will be a special section for Funeral Industry Professionals that will allow for ordering and shipment tracking; a beefed-up Investor Relations section and a Media Relations area. The site will also facilitate the online ordering of American Kennel Club urns for pets.
The company expects the new site to launch before the New Year. Demand for products and information has continued to rise since the company's successful launch at the National Funeral Director's Association Expo. That appearance last month resulted in tremendous media coverage that has, in conjunction with the company's marketing program, translated into both pre-orders and the creation of waiting lists from industry distributors and consumers. The first product, L'Italiano Classico from The Vatican Library Collection (TM) line, became available this month. Additional products from other lines will be introduced beginning in the first quarter of 2007.
For more information about EI, visit the website or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may", "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential" or "continue" or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
SOURCE: Eternal Image, Inc.
Eternal Image, Inc. Investor Relations: Integrity IR Services Peter McGoldrick, 516-825-6516 integrity*optonline.net or Media Relations: a.s.a.p.r. Robbie Tarpley Raffish, 410-883-2000 robbie*asapr.com
Copyright Business Wire 2006
-------------------- "As long as there are dreamers, there are dreams that will come true."
IP: Logged |
Somatic Systems, Inc. Targets U.S. Military Market Tuesday , November 28, 2006 08:31 ET
NORTHAMPTON, MA -- (MARKET WIRE) -- 11/28/06 -- Somatic Systems, Inc. (PINKSHEETS: SMAS) is pleased to announce that the Company is targeting the U.S. military in an effort to help relieve soldiers of chronic pain. Nationwide more than 41 percent of nearly 185,000 Iraq and Afghanistan veterans who sought care from the Veterans Administration reported muscular-skeletal problems, mostly from back and joint pain.
More than 1.4 million active-duty uniformed personnel serve in the four branches of the Department of Defense, representing a potential multi-million dollar pain relief market. The Total Somatics(TM) technique combats unnecessary muscular contraction and associated pain often resulting from traumatic injury or chronic stress. The techniques offer a solution previously untested in the U.S. military.
"This is a unique opportunity for Somatic Systems and for the U.S. military. There are millions of active and retired military personnel who can benefit from our pain relief techniques. Our hope is that Total Somatics(TM) becomes one of the standard treatments for chronic pain for veterans," stated Somatic Systems, Inc. Chairman and CEO, Steve Aronstein.
Nearly 26 million living Americans have served in the military. Total Somatics(TM) uses a series of movements that restore muscles to their natural state. Total Somatics(TM) techniques have been tested on numerous members of the U.S. military with overwhelmingly positive results.
-------------------- "As long as there are dreamers, there are dreams that will come true."
IP: Logged |
posted
PLMA - .007 Palomar Enterprises Announces Restructuring of Business Model PR Newswire - November 28, 2006 09:30 Shareholder Appreciation Primary Objective of New Business for Palomar...
CARLSBAD, Calif., Nov 28, 2006 /PRNewswire-FirstCall via COMTEX/ -- Palomar Enterprises, Inc. (OTC Bulletin Board: PLMA), is announcing as of today that we are restructuring our business model to focus on shareholder appreciation. Palomar Enterprises currently has business in real estate, business development and financial services. Our business' gross profitability is expected to grow over the coming quarters due to the fact that we have our real estate business in position to profit in both sales and development of coastal California properties, as well as the increasingly lucrative foreclosure market. We currently have over $2,000,000 in real estate holdings that will be sold over the next two quarters that is expected to generate $400,000 in profits.
Our first spin-off will be in our principally-owned public subsidiary, The BlackHawk Fund (OTC Bulletin Board: BHWF). The BlackHawk Fund, Inc. is a principally owned subsidiary of Palomar Enterprises, Inc. Our shareholders will receive a pro-rata percentage of registered shares in every sector that is spun-off from Palomar Enterprises. The BlackHawk Fund operates as a business development company that incubates, develops, and acquires portfolio companies in various industries to maximize shareholder value through eventual public offering, sale, or merger, acquisition or similar business combination. Details regarding the shareholder dividend will be finalized and announced within two weeks. Additionally, plans for The BlackHawk Fund to pay dividends on future company spin-offs are being put into place now. So, for all practicle purposes, ownership of Palomar will lead to ownership in not only The BlackHawk Fund but future spin-offs and shareholder dividends from both Companies.
Palomar Enterprises, Inc is a cash-flow positive business and growth is expected to continue at an increasing pace through the forseeable future. Most recently, we announced an increase of 42% in our revenues for the nine months ending 9-30-2006 over the same period for 2005. With regard to profits, Palomar's profit for the nine months ending 9-30-2006, compared to the same period last year increased to $222,253 from $109,980. Gross margin as a percentage of sales increased to 36% in 2006, compared to 26% in 2005 for the same period.
From time to time, the Company may issue news releases that contain "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, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward- looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
posted
PLNI -- Plasticon International, Inc. .0009
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Plasticon International, Inc.'s Wholly Owned Subsidiary, SEMCO Manufacturing, Completes Hard Rock Cafe Floor Logo Project
LEXINGTON, KY, Nov 28, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company's wholly owned subsidiary, SEMCO Manufacturing, Inc. has completed the Hard Rock Cafe floor logo project in Las Vegas, Nevada. The project generated an estimated $20,000 in revenues for the Company. The Hard Rock Cafe's new logo was treated with SEMCO's Pre-Stain System, X-Bond System, and Xtra Gloss System. SEMCO's unique Pre-Stain System is a chemical bonding compound that provides rich, lasting color on concrete and X-Bond surfaces. The X-Bond System is surface and finishing system offering the ultimate in durable, environmentally responsible creative design capability. The Xtra Gloss System is finishing system that provides a protective barrier which preserves color, adds strength and increases durability.
The Hard Rock Hotel and Casino is a hotel-casino located in Las Vegas, Nevada. The property has a 650 room hotel and 30,000ft(2)casino. Hard Rock Cafe is a chain of casual dining restaurants. It was founded in 1971 by Isaac Tigrett and Peter Morton, and their first Hard Rock Cafe opened near Hyde Park Corner in London, in a former Rolls Royce car dealership showroom, where in 1979 they began to cover the walls with rock 'n' roll ephemera.
"We are very pleased to have completed the Hard Rock Cafe project. We were able to use SEMCO's innovative products that can be seen by millions of people that visit the Hard Rock Cafe," stated Jim Turek, CEO and President of Plasticon International, Inc.
For more information about SEMCO Manufacturing, please visit www.semcomfg.com.
About Plasticon International, Inc. Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green company, environmentally friendly, using recycled plastics to produce its line of products.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
posted
News for 'DDSI' - (Digital Descriptor Systems, Inc. Announces 3rd Quarter '06 Results Revenues Increase to $1,262,585, up 59% from Q3 '05)
SEA GIRT, N.J., Nov 28, 2006 /PRNewswire-FirstCall via COMTEX/ -- Digital Descriptor Systems, Inc. (Pink Sheets: DDSI) -- an industry leader in the development of Homeland Security and other commercial security related products -- announced results for the period ending September 30, 2006. Revenues for the nine-month period grew 59 percent, to $3,404,896, versus the nine-month period ending September 20, 2005 revenues of $2,143,310. Gross profit over the period rose $1,130,853, to $2,485,978, up 84 percent, compared to $1,355,125 during the same nine months of 2005.
"We continue to improve the vigor of our company," says Anthony Shupin, CEO of DDSI. "Our year to date earnings before interest, taxes, depreciation and amortization for the nine months of 2006 are $408,023 versus a negative $235,543 in 2005, an increase of 116 percent. Our immediate focus continues to be on increasing revenue, while controlling expenses and improving operations. The company intends to continue to execute its plan to increase operational efficiencies, refine and develop new products and expand sales and distribution channels to meet market demand.
DDSI CFO Michael Pellegrino adds: "We continue to enjoy the benefits of careful control of our costs. Operating income (Income prior to Interest, Depreciation, Amortization and Taxes) increased 273 percent, up $643,566 for the same period in '05. Net loss for the period and year-to-date increased 145 percent and 45 percent to $963,073 and $1,298,166 respectively mainly due to changes in accounting methodology for the debt of the company.
About Digital Descriptor Systems, Inc.
The company, based in Sea Girt, NJ, develops and markets integrated enterprise-wide image applications specifically designed for criminal justice organizations. Customers include states, cities, counties, corrections, justice, and public safety agencies. Additional information is available online, at www.ddsi-cpc.com.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Confused]](confused.gif)
