Material Technologies, Inc. Announces Plans for Capital Reorganization 11/7/2006
LOS ANGELES, Nov 07, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Material Technologies, Inc. (OTC Bulletin Board: MTNA) ("MATECH" or the "Company") announced today the details of its planned capital reorganization.
Effective on October 27, 2006, the Company entered into a series of agreements with its existing debenture holders whereby they extended the due date on over $2,100,000 in debt for two years from December 31, 2006 to December 31, 2008.
"This extension will be very beneficial to the Company. Our largest debt holders were able to recognize where we are as a growing business and understand the importance of our first two recently announced state contracts. This agreement will provide us with the time and ability to secure additional state contracts and cannot be understated. Furthermore, their willingness to extend the due dates by two years shows us how much confidence they have in our technology and business model, and continue to want to be a part of the company going forward," said CEO Robert M. Bernstein
Additional details about the reorganization can be found in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on November 1, 2006.
Effective on the open of business tomorrow, November 8, 2006, the outstanding shares of Class A common stock will undergo a 1-for-300 reverse split. Fractional shares will be rounded up to the next whole share. The trading symbol will change to "MTTG."
About Material Technologies, Inc.
MATECH is an engineering, research and development company specializing in technologies to measure microscopic fractures and flaws in metal structures and monitor metal fatigue in real time. The company's leading edge metal fatigue detection, measurement and monitoring solutions can accurately test the integrity of metal structures and equipment including bridges, railroads, airplanes, ships, cranes, power plants, mining equipment, piping systems and heavy iron.
MATECH owns the only nondestructive testing technology able to find growing cracks as minute as 0.01 inches -- critical information that allows structural engineers to isolate and repair the more than 100,000 steel bridges in the US which have been classified as structurally deficient or functionally obsolete by the Federal Highway Administration. MATECH has exclusive rights to seven patents along with $8.3 million in already completed contracts from the US Government for research, testing and validation of its innovative solutions.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "believe," "will," "breakthrough," "significant," "indicated," "feel," "revolutionary," "should," "ideal," "extremely" and "excited." These statements are made under "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See the Company's filings with the Securities and Exchange Commission including, without limitation, the Company's recent Form 10-K and Form 10-Qs, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Material Technologies, Inc. 1-310-208-5589 matech*matechcorp.com www.matechcorp.com
MultiCell Technologies CEO to Present Key Research Data at New York Academy of Sciences' Animal Models Conference 11/7/2006
A CEO Dr. Stephen Chang to Spotlight Company's Proprietary Immune System Modulation Technologies for Treatment of Diabetes and Multiple Sclerosis
SAN DIEGO, Nov 07, 2006 (BUSINESS WIRE) -- MultiCell Technologies, Inc. (OTCBB:MCET), developing first-in-class drugs based on advanced immune system modulation and other proprietary technologies, today announced that Chief Executive Officer Dr. Stephen Chang will be one of the featured presenters this week at the New York Academy of Sciences (NYAS) conference to explore new treatments for type-1 diabetes and multiple sclerosis (MS).
MultiCell is a leader in the development of novel methods to modulate the immune system to provide potential new treatments for a number of major health threats and unmet medical needs. In particular, MultiCell is focused on the development of MCT-125 and MCT-275. 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. MCT-275, also a first-in-class patent protected therapeutic, 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.
The New York Academy of Sciences conference, entitled, "How do We Best Employ Animal Models for Type 1 Diabetes and Multiple Sclerosis," is scheduled for November 8-9, 2006.
"Our innovative immune modulation technologies are enabling us to advance MCT-175 and MCT-275 as much-needed medical treatments," said Dr. Chang. "We are very excited about sharing our data with our colleagues and building on the momentum we have built over the past year, as we continue to drive the next generation of autoimmune-based therapies to the bedside."
Dr. Chang's presentation, entitled, "A Translational Perspective on New Technology," is scheduled for 11:00 am, Nov. 8. The meeting will take place at the Stanford Court hotel in San Francisco, CA.
Among the topics of discussion, Dr. Chang will highlight MultiCell's therapeutic pipeline with drug candidates already in various advanced stages of human clinical trials. MCT-125 targets the chronic fatigue symptom in MS patients, while MCT-175 is being developed as a treatment of relapsing-remitting MS. MCT-275 for the treatment of early onset type-1 diabetes.
The conference proceedings will be published as a volume of the Annals of the New York Academy of Sciences, a series with a substantial international circulation. The Annals are disseminated globally to scientific, medical, and educational institutions and libraries, and are also available to Academy members and other interested professionals and students. The Institute for Scientific Information rates the Annals in the top 2 percent of more than 4,000 scientific publications.
Established in 1817, NYAS has more than 23,000 members in more than 150 countries, with an ever-expanding international membership. Part of the reason for this success is the collection of eBriefings - digital versions of meetings like the one Dr. Chang will be presenting. These eBriefings are not only a major NYAS asset but are also a cutting-edge tool for advancing scientific communication worldwide.
About MultiCell Technologies, Inc.
MultiCell Technologies, Inc. is an integrated biopharmaceutical company committed to the development of breakthrough therapeutics based on a portfolio of therapeutic candidates and patented drug development technology. MultiCell's drug development program is focused on modulation of the immune system. The Company's lead drug candidates include drugs to treat MS-related chronic fatigue, relapsing-remitting multiple sclerosis, type-1 diabetes and infectious disease. The Company also holds unique cell-based technology for use in drug discovery screening applications, and is a leading producer of the cell lines needed by the biotechnology industry to develop new drugs and therapeutics.
Any statements in this press release about MultiCell's expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the "Act"). These statements are often, but not always, made through the use of words or phrases such as "believe," "will", "expect," "anticipate," "estimate," "intend," "plan," "forecast," "could" and "would." Examples of such forward-looking statements include statements regarding developing products that address unmet medical needs. MultiCell bases these forward-looking statements on current expectations about future events. They involve known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by any forward-looking statement. Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or projections in the forward-looking statement include, but are not limited to, the risk that we might not achieve our anticipated clinical development milestones, receive regulatory approval, or successfully commercialize our lead drug candidates as expected, the market for our products will not grow as expected, and the risk that our products will not achieve expectations. For additional information about risks and uncertainties MultiCell faces, see documents MultiCell files with the SEC, including MultiCell's report on Form 10-KSB for the fiscal year ended November 30, 2005, and all our quarterly and other periodic SEC filings. MultiCell claims the protection of the safe harbor for forward-looking statements under the Act and each assume no obligation and expressly disclaim any duty to update any forward-looking statement to reflect events or circumstances after the date of this news release or to reflect the occurrence of subsequent events.
SOURCE: MultiCell Technologies, Inc.
MultiCell Technologies, Inc. Dr. Stephen Chang, 619-743-3806 MCETInvestor*MultiCelltech.com
Copyright Business Wire 2006
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Allied Energy Group, Inc. Announces 100% Successful Completion Rate for Its Coalbed Methane Developments 11/7/2006
BOWLING GREEN, KY, Nov 07, 2006 (MARKET WIRE via COMTEX News Network) -- Allied Energy Group, Inc. (PINKSHEETS: AGGI) provided the following report regarding its coalbed methane developments in Rogers County, Oklahoma.
Allied Energy Group, Inc. continues its 100% coalbed methane completion rate by completing three more coalbed methane wells for its joint venture project with the Mammoth Energy Group that lies to the east of its five-well program in Rogers County, Oklahoma. Two of these wells are on-line and the third well is being equipped for oil and gas production. Once these three wells are on-line, the Company will have a total of 15 producing gas wells with production averaging just under 700,000 cubic feet of natural gas per day.
In the next several weeks, although there can be no guarantees, the Company anticipates having 15 wells in production, 3 wells in completion, and 10-12 more wells scheduled to be drilled this year in Rogers County.
"Our immediate goal is to establish production from 28 wells before year end," said Steve Stengell, Allied's Sr. Vice President Operations. "Based on this area's production history and our results to date, we expect to achieve gross well production of 1,400,000 cubic feet of natural gas per day from 28 wells before the new year," he added, "which at current market prices approximates $10,000 per day before line charges, royalties, taxes and operating expenses."
For the long term, the Company has future plans to participate in the drilling of 150-200 coalbed methane wells in this area of Oklahoma.
About Allied Energy Group
Allied Energy Group, Inc. (PINKSHEETS: AGGI) 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.
Company Contact: Steve Stengell Allied Energy Group, Inc. 2800 Griffin Dr. Bowling Green, KY 42101 Phone: 800-330-2535 Fax: 800-251-9322 Website: www.alliedenergy.com Email: info*alliedenergy.com
J-Pacific Profiled on CEO Clips on the Biography Channel 11/7/2006
VANCOUVER, BRITISH COLUMBIA, Nov 7, 2006 (CCNMatthews via COMTEX News Network) -- J-Pacific Gold Inc. ("J-Pacific") (TSX VENTURE:JPN)(OTCBB:JPNJF) is pleased to announce that CEO Clips on the Biography Channel will profile J-Pacific Gold. In the interview, Chairman Nick Ferris discusses current projects and plans for future growth: "J-Pacific differs from most other juniors in that we can become a gold-producing company, hopefully within a couple of years," says Ferris. "We have a very well-rounded management team, and a board of directors that has many years' experience in mining and exploration."
CEO Clips is a series of two-minute corporate profiles on Canadian companies. The segment runs from January 23 to February 13, 2007, throughout the afternoon and evening. It can also be viewed on the home page of J-Pacific's website and has been posted on Yahoo! Finance Canada.
About the Biography Channel:
"Over half of Canadians in digital households watch the Biography Channel," according to the Roper Report (2005). The Biography Channel finished No. 1 in awareness, viewership and importance to the enjoyment of cable in the latest Beta Research Subscriber study of digital cable subscribers and can currently be viewed in 800,000 Canadian homes.
About J-Pacific Gold Inc.:
J-Pacific is a junior resource company focused on gold exploration and mining in North America. It currently owns the past-producing Blackdome gold mine in British Columbia, where a 4,000-metre drill program is currently under way, and the Elizabeth Project, approximately 30 kilometres to the south. In addition, J-Pacific has been actively exploring in Quebec on the Montgolfier Project, 35 kilometres east of the Casa Berardi Project held by Aurizon Mines Ltd., and also on the Callaghan and Golden Trend Projects in Nevada.
On behalf of the Board of Directors,
N. Ferris, Chairman
Statements in this press release, other than statements of historical information, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from those projected or suggested due to certain risks and uncertainties, some of which are described below. Such forward-looking statements include comments regarding the establishment and estimates of mineral reserves (and non-reserve mineralized material), future increases in mineral reserves, the recovery of any mineral reserves, construction cost estimates, construction completion dates, equipment requirements and costs, production, production commencement dates, grade, processing capacity, potential mine life, results of feasibility studies, development, costs and expenditures. Factors that could cause actual results to differ materially include timing of and unexpected events during construction, expansion and start-up; variations in ore grade, tons mined, crushed or milled; delay or failure to receive board or government approvals; timing and availability of external financing on acceptable terms for equipment, construction, working capital and other purposes; the availability of adequate power and water supplies; the availability of adequate mining equipment; technical, permitting, mining or processing issues; and fluctuations in gold price and costs. There can be no assurance that future developments affecting the Company will be those anticipated by management.
The forecasts contained in this press release constitute management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received and that actual results will vary from these estimates, possibly by material amounts. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this press release represent management's estimate as of any date other than the date of this press release. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC) over the past 12 months, copies of which are available from the SEC or may be obtained upon request from the Company.
SOURCE: J-Pacific Gold Inc.
J-Pacific Gold Inc. Nick Ferris Chairman 1-888-236-5200 J-Pacific Gold Inc. Michael Michaud President and CEO 1-888-236-5200 (604) 684-6678 (FAX) Email: info*jpgold.com Website: www.jpgold.com Marston Webb International - Media Inquiries Victor Webb (212) 684-6601 Marston Webb International - Media Inquiries Madlene Olson (212) 684-6601 (212) 725-4709 (FAX) Email: marwebint*cs.com Copyright (C) 2006 CCNMatthews. All rights reserved.
-------------------- The difference between genius and stupidity is that genius has its limits
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Amera Resources Corporation: New 2.4km Long Copper-Silver Soil Anomaly Discovered Parallel to Discovery Outcrop Trend on Cocha Property, Peru 11/7/2006
VANCOUVER, BRITISH COLUMBIA, Nov 07, 2006 (MARKET WIRE via COMTEX News Network) -- Amera Resources Corporation (TSX VENTURE: AMS)(OTCBB: AJRSF)(FWB: OAY) (WKN A0B54E) is pleased to announce the discovery a new silver-copper soil anomaly in the southwestern portion of the Cocha property (South Cocha Trend-SCT). The composite SCT anomaly is 2.4km in length and between 400 to 850m in width with soil geochemical values ranging up to 126 ppm copper and 2.2 g/t silver. The new anomaly is parallel to the previously announced 2.2km Discovery Outcrop trend targeted by the Phase I drill program (see Figures 1 and 2).
Highlights from the first 5 holes of the 11 hole Phase I program that has recently been completed included 30.23m averaging 2.67% copper and 24.1 g/t silver from DH-06-03 and 18.01m averaging 1.93% copper and 17.2 g/t silver from DH-06-02 (see October 17, 2006 News Release). Results from the remaining 6 holes will be released when available.
Assays from surface rock samples collected within the new SCT anomaly have returned up to 2.80% copper and 105 g/t silver. Three additional copper-silver targets have been identified by surface rock sampling elsewhere on the property with values up to 4.47% copper and 163 g/t silver.
The Cocha property is located 220 km east of Lima, Peru and is 100% owned by Amera. The style of mineralization discovered on the Cocha property is interpreted by Amera as sediment-hosted copper-silver type, comparable to the giant Lubin Deposit (115 billion pounds of copper, 2.3 billion ounces of silver(1)) in the Kupferschiefer district of Poland and the White Pine Deposit (18.3 billion pounds of copper and 800 million ounces of silver(1)) in the Upper Peninsula of Michigan.
Positive results from the preliminary drill program (see October 17, 2006 News Release) combined with the discovery of the new showings and mineralized trend prompted Amera to apply for additional concessions in the Cocha property area. Once the Company had received analytical results from the Phase I drilling program, a Phase II program will be announced.
Technical Summary:
A total of 51 rock samples were collected during the recently completed surface exploration program on the Cocha property. Results ranged from 3 ppm to 4.47% copper and 0.1 to 163 g/t silver and reveled presence of four new copper-silver targets. Highlights of sample results from the new targets are provided below in Table 1 and their distribution is shown on the accompanying maps (see Figures 1 and 2).
TABLE 1---------------------------------------------------------- Sample Sample Length Cu Cu AgTarget # Type (m) (ppm) (%) (g/t)----------------------------------------------------------1 Chip 0.5 44,700 4.47 163.0----------------------------------------------------------2 Chip 0.4 28,000 2.80 105----------------------------------------------------------2 Chip 0.5 9,700 0.97 51.2----------------------------------------------------------3 Chip 2.0 14,700 1.47 14.3----------------------------------------------------------3 Chip 2.0 15,300 1.53 6.6----------------------------------------------------------3 Chip 2.0 11,100 1.11 5.8----------------------------------------------------------3 Chip 4.0 6,750 0.68 5.6----------------------------------------------------------3 Chip 0.5 13,800 1.38 16.0----------------------------------------------------------3 Chip 2.0 9,200 0.92 11.4----------------------------------------------------------4 Chip 1.1 21,500 2.15 97.0----------------------------------------------------------4 Chip 1.1 19,600 1.96 59.2----------------------------------------------------------4 Chip 1.1 6,440 0.64 8.3---------------------------------------------------------- Targets #1 and #2 represent vein-hosted mineralization related to the contact between Pucara limestone and Mitu sandstone. Target #3 is a breccia zone and occurs on, or close to, the contact between Mitu sandstone and Tarma group limestone. Target #4 is structurally-controlled copper-silver mineralization hosted in Mitu volcaniclastic sandstones.
The newly-discovered SCT soil anomaly in the southwestern part of the Cocha property is located on the contact between Pucara limestone and Mitu sandstone. The SCT is located approximately 1.5km southwest of, and sub-parallel to, the main Discovery Outcrop mineralized trend where a copper-silver soil anomaly extends for over 2.2km in length and is up to 750m wide (see Figures 1 and 2).
A total of 133 soil samples were collected during the recent exploration campaign with values ranging from 2 to 126 ppm copper and from 0.1 to 2.2 g/t silver bringing the total soil samples collected to date on the property to 408. For the entire suite of soil samples collected to date soil geochemical results 2 to 3,230 ppm (0.32%) copper and 0.1 to 4.7 g/t silver. The new SCT is at present 2.4km long, when the two completed soil grids are combined (see Figures 1 and 2), and 400 to 850m wide and is open along strike in both directions. Soil coverage is being extended to cover the extensions to the SCT soil anomaly and to evaluate the areas around the newly discovered bedrock showings.
Analyses for the samples reported herein were performed by ALS Chemex Laboratories, an internationally recognized assay service provider, in Lima, Peru and North Vancouver, Canada. Work reported on in this release was carried out under the direction of Piotr Lutynski, M.Sc., P.Eng., a Qualified Person as defined in National Instrument 43-101. The technical information contained in this release has been reviewed by Dr. David A. Terry, P.Geo., Vice President Exploration for Amera, a Qualified Person as defined in National Instrument 43-101.
ON BEHALF OF THE BOARD
Mr. Nikolaos Cacos, President & CEO
(1) Sediment-Hosted Copper Deposits of the World: Deposit Models and Database By Dennis P. Cox, David A. Lindsey, Donald A. Singer and Michael F. Diggles; USGS Open-File Report 03-107 Version 1.0.
Cautionary Note to U.S. Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Alliance Pharmaceutical Corp. Provides Clinical Study Update 11/7/2006
SAN DIEGO, Nov 07, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Alliance Pharmaceutical Corp. (OTC Bulletin Board: ALLP) today announces the following update with regard to the development of Oxygent(TM) (perfluorochemical (PFC) emulsion) to prevent post-op ileus resulting from hypoxia during major surgery.
Earlier this year, Alliance reported that the German Competent Authority (regulatory agency) completed its review and approved the start of the Phase 2 clinical trial for Oxygent to prevent post-op ileus resulting from hypoxia during major surgery; however, the relevant German Ethics Committee responded with a negative vote on the protocol based upon risk/benefit in the cardiac patient population selected. Alliance appealed the negative decision, and offered additional clarifications and supporting data for the protocol, but the German Ethics Committee has informed us that it has declined approval of the study protocol as submitted. Alliance is now proceeding to explore other options available in Germany, one of which may be the submission of a revised protocol.
The French Competent Authority is continuing its consideration of our submission and we have responded to several of its review questions. The relevant French Ethics Committee has approved the start of the trial. We believe that if we receive the Competent Authority approval by the end of the calendar year, we could initiate and complete the clinical trial in 2007. We estimate that we have sufficient funds to implement this scenario. If significant adjustments need to be made to the protocol to make it acceptable for approval, then we may need additional funds to complete the study.
In addition, Alliance has successfully completed the technology transfer to its contract manufacturer for the production of clinical trial material. Clinical supplies are currently being produced to meet the requirements of the above clinical studies and to supply our partner in China, Beijing Double-Crane Pharmaceutical Co. Ltd. (Double-Crane). We anticipate that Double-Crane will complete their submission to the sFDA and initiate their clinical development of Oxygent in 2007.
About Alliance Pharmaceutical Corp.:
Alliance Pharmaceutical Corp., founded in 1989, is a development-stage pharmaceutical company that is currently focused on developing its lead product, Oxygent, which is based on its proprietary PFC technology. Oxygent is being developed as an intravascular oxygen carrier designed to augment oxygen delivery in surgical patients.
Except for historical information, the matters set forth in this release are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth herein. Alliance refers you to cautionary information contained in documents Alliance files with the Securities and Exchange Commission from time to time, including the last Form 10-KSB and Form 10-QSB. Alliance is under no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
SOURCE Alliance Pharmaceutical Corp.
Corporate Communications of Alliance Pharmaceutical Corp., +1-858-410-5275 http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved
-------------------- The difference between genius and stupidity is that genius has its limits
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Zap.Com Corporation Announces Third Quarter 2006 Results 11/7/2006
ROCHESTER, N.Y., Nov 07, 2006 (BUSINESS WIRE) -- Zap.Com Corporation (OTCBB: ZPCM) today reported a net loss of approximately $16,000 and $50,000 for the three month and nine month periods ended September 30, 2006, respectively, as compared to a net loss of approximately $34,000 and $76,000 for the comparable periods of the prior year. The Company does not currently have an active operating business. These losses were comprised primarily of costs associated with being a publicly traded company, partially offset by interest income.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: The statements contained in this press release which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks, and uncertainties that could cause actual results, events and developments to differ materially from those set forth in or implied by forward looking statements. Factors that could cause actual results, events and developments to differ include, without limitation, those factors listed under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2005. There is no assurance that Zap.Com will successfully identify, pursue, or operate any future businesses or operations in the future. All forward looking statements made herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. 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 operation results.
ZAP.COM CORPORATION CONDENSED BALANCE SHEETS September 30, December 31, 2006 2005 ------------- ------------- (Unaudited)ASSETS:Current assets: Cash and cash equivalents $ 1,714,406 $ 1,758,501 Other receivables 4,120 5,235 Prepaid assets -- 1,638 -------------- -------------- Total current assets 1,718,526 1,765,374Property and equipment, net of accumulated depreciation of $4,267 and $3,965 -- 302 -------------- -------------- Total assets $ 1,718,526 $ 1,765,676 ============== ==============LIABILITIES AND STOCKHOLDERS' EQUITY:Current liabilities: Accounts payable $ -- $ 21 Accrued liabilities 50,412 67,250 -------------- -------------- Total current liabilities $ 50,412 $ 67,271 -------------- --------------Commitments & ContingenciesStockholders' Equity: Preferred stock, $0.01 par value, 150,000,000 shares authorized, 0 shares issued and outstanding -- -- Common stock, $.001 par value, 1,500,000,000 shares authorized; 50,004,474 shares issued and outstanding 50,004 50,004 Additional paid in capital 10,865,846 10,846,000 Accumulated deficit (9,247,736) (9,197,599) -------------- -------------- Total stockholders' equity 1,668,114 1,698,405 -------------- -------------- Total liabilities and stockholders' equity $ 1,718,526 $ 1,765,676 ============== ============== ZAP.COM CORPORATION UNAUDITED CONDENSED STATEMENTS OF OPERATIONS For the For the Three Months Ended Three Months Ended September 30, September 30, 2006 2005 ---------------- -----------------Revenues $ -- $ --Cost of revenues -- -- ---------------- ------------------ Gross income -- --Operating expenses: General and administrative 38,106 48,289 ---------------- ------------------ Total operating expenses 38,106 48,289 ---------------- ------------------ Loss from operations (38,106) (48,289)Interest income 22,218 14,289 ---------------- ------------------Loss before income taxes (15,888) (34,000)Income taxes -- --Net loss $ (15,888) $ (34,000)Per share data (basic and diluted):Net loss per share $ 0.00 $ 0.00Weighted average number of common shares and common share equivalents outstanding 50,004,474 50,004,474 For the For the Nine Months Ended Nine Months Ended September 30, September 30, 2006 2005 ---------------- -----------------Revenues $ -- $ --Cost of revenues -- -- ---------------- ------------------ Gross income -- --Operating expenses: General and administrative 111,924 113,227 ---------------- ------------------ Total operating expenses 111,924 113,227 ---------------- ------------------ Loss from operations (111,924) (113,227)Interest income 61,787 36,745 ---------------- ------------------Loss before income taxes (50,137) (76,482)Income taxes -- -- ---------------- ------------------Net loss $ (50,137) $ (76,482) ================ ==================Per share data (basic and diluted):Net loss per share $ 0.00 $ 0.00 ================ ==================Weighted average number of common shares and common share equivalents outstanding 50,004,474 50,004,474 ================ ================== SOURCE: Zap.Com Corporation
Cusac Gold Mines Ltd.: $1 Million Financing Planned for Table Mountain Drilling 11/7/2006
VANCOUVER, BRITISH COLUMBIA, Nov 07, 2006 (MARKET WIRE via COMTEX News Network) -- David H. Brett, President, Cusac Gold Mines Ltd. (TSX: CQC)(OTCBB: CUSIF) (the "Company"), reports that the Company intends to raise up to $1,000,000 for new drilling at its 100% owned Table Mountain Property in Northern BC. The Company intends to issue up to 3,846,154 units at $0.26 with a half warrant at $.34 in two or more tranches. The Company has received conditional regulatory approval to the placement, and has completed the initial tranche of $400,000 of the offering, issuing 1,539,000 common shares restricted from trading until March 7, 2007 and 769,500 warrants where each warrant enables the holder to purchase 1 common share for one year at $.34 per share expiring November 6 2007. Finder's compensation consisting of 7% in cash and 107,730 warrants to acquire 107,730 units at $0.26 per unit was paid for the first tranche. Additional compensation may be payable respecting the balance of the offering. The Company expects to close the entire placement on or before November 30, 2006. Different hold periods and warrant expiry periods will apply to future tranches.
"This new funding will enable Cusac to move forward aggressively with drilling on possible extensions of the Rory Vein, down-dip potential in the Maura Jennie Vein area, and open-pit potential at the Switchback target," said Cusac CEO David Brett. "Whereas our Taurus II focuses on the long term potential of the Cassiar Gold Camp, our next phase of drilling focuses on targets that could impact Table Mountain gold production over the short and medium term."
Cusac Gold Mines Ltd. is a gold mining company in existence since 1966. Cusac has a dominant land position in the Cassiar Gold Camp of northern BC, and is re-starting gold production from high-grade quartz veins on Table Mountain. Cusac also owns over 30% of the low-grade, bulk tonnage, million-ounce resource at the Taurus deposit, and is exploring for more bulk-tonnage, disseminated gold mineralization nearby at its 100% owned Taurus II project. Please visit our website www.cusac.com for more details.
CUSAC GOLD MINES LTD.
David H. Brett, President & CEO
Forward-Looking Statements
There are forward-looking statements contained herein that are not based on historical fact, including without limitation statements containing the words "believes", "may", "plans", will", "estimate", "continue", "anticipates", "intends", "expects" and similar uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, Cusac's exploration results, lack of revenues, additional capital requirements, risks associated with the exploration activity. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
RICHMOND, British Columbia, Nov 07, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- SmarTire Systems Inc. (OTC Bulletin Board: SMTR) announced today that it has completed a $1.2 million financing that resulted in net proceeds of $1,070,000. Terms of the financing are disclosed in the company's 8-K filed today.
SmarTire CFO Jeff Finkelstein said, "This funding provides us with short- term working capital to continue the execution of our business strategy which is to focus on the commercial vehicle marketplace."
The convertible debentures were offered only to two accredited investors in reliance on an exemption from the registration requirements of the Securities Act of 1933. The offering has not been registered under the Securities Act or any state securities laws and neither the convertible debentures nor the shares of SmarTire's common stock underlying the convertible debentures may be offered or sold absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. In connection with the offering, SmarTire agreed to file a registration statement under the Securities Act covering the resale of the shares of SmarTire's common stock underlying the convertible debentures. This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy securities of SmarTire and is being issued under Rule 135c under the Securities Act.
About SmarTire Systems Inc.
SmarTire develops and markets proprietary advanced wireless sensing and control systems worldwide under the SmartWave(TM) trademark. The company has developed numerous patent-protected wireless technologies and advanced tire monitoring solutions since it was founded in 1987. The company's proprietary SmartWave platform provides a foundation for the addition of multiple wireless sensing and control applications. The initial product release on the SmartWave platform is SmartWave TPMS, which leverages on the company's background and knowledge in tire monitoring solutions. SmarTire has offices in North America and Europe. For more information about SmarTire Systems Inc., visit http://www.smartire.com.
An investment profile, a comprehensive online investor relations kit, SEC filings and other useful information regarding SmarTire Systems Inc. can be found at http://www.hawkassociates.com/smartire.aspx and http://www.americanmicrocaps.com. In addition, this press release is available for investor commentary, questions, near real-time answers and monitored discussion in the SmarTire IR HUB at http://www.agoracom.com/IR/SmarTire. Alternatively, investors may speak with Ken AuYeung or Frank Hawkins of Hawk Associates at (305) 451-1888, e-mail: info*hawkassociates.com, or e-mail SMTR*agoracom.com.
Except for historical information contained herein, the matters discussed in this news release contain 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, that involve substantial risks and uncertainties. When used in this news release, the words "expects," "may," "will" and similar expressions identify certain of such forward-looking statements. Actual results, performance, or achievements could differ materially from those contemplated, expressed or implied by the forward- looking statements contained herein. These forward-looking statements are based largely on the expectations of SmarTire and are subject to a number of risks and uncertainties that are subject to change based on factors, which are, in many instances, beyond SmarTire's control. These include, but are not limited to, risks and uncertainties associated with SmarTire's ability to obtain additional financing, SmarTire's dependence on key personnel, the effects of competitive pricing, SmarTire's dependence on the ability of third- party manufacturers to produce components on a basis that is cost-effective to SmarTire, market acceptance of SmarTire's products, SmarTire's ability to keep up with technological advances in the industry, the effect of competitive products and the effects of governmental regulations. SmarTire cautions that the foregoing factors are not exhaustive. For a detailed discussion of these and other risk factors, please refer to SmarTire's filings with the Securities and Exchange Commission, including its annual report on Form 10-KSB and subsequent quarterly reports on Form 10-QSB. SmarTire expressly disclaims any intent or obligation to update any forward-looking statements.
SOURCE SmarTire Systems, Inc.
Ken AuYeung or Frank Hawkins of Hawk Associates, +1-305-451-1888, info*hawkassociates.com, or SMTR*agoracom.com http://www.smartire.com
Copyright (C) 2006 PR Newswire. All rights reserved
-------------------- "As long as there are dreamers, there are dreams that will come true."
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Global General Technologies, Inc. to Acquire AirSpeak before Year End
Tuesday , November 07, 2006 16:15ET
MIAMI, Nov 07, 2006 (BUSINESS WIRE) -- Global General Technologies (OTC Bulletin Board: GLGT), through its subsidiary H7 Security Systems, Inc. plans to close the acquisition of AirSpeak, Inc. ("AirSpeak") (www.airspeak.com) prior to the end of the year December 31, 2006. As previously announced, H7 signed a contract to acquire AirSpeak for a combination of cash, stock and the assumption of debt on January 31, 2006.
AirSpeak provides innovative mobile solutions and data access software for corporate users. AirSpeak's target market constitutes information users who require immediate access to PCs and/or corporate databases on a real time basis. The wireless products AirSpeak has developed and is selling are designed to help companies be more effective and profitable by providing users with access to immediate information remotely in a secure, safe, and efficient manner. These products increase business productivity and efficiency inexpensively.
The multi-lingual AirSpeak FLAIR mobile tablet with a 12 inch touch screen display and handwriting recognition, provides wireless access to desktop PCs at an estimated price of $1,250 per unit. This access is not limited to the internet, but to tools such as Word, Excel and PowerPoint - the same applications and data accessible via the familiar Windows(TM) desktop interface. The data access is a more secure process than using a traditional laptop because there is no hard drive in the FLAIR; sensitive information remains resident at the location of origin.
The FLAIR is portable and used as a communication device that enables corporate employees to easily secure VPN communications or use the tablet as a stand-alone device. The FLAIR's mobile data delivery system is desirable for the security industry as the FLAIR can remotely control security equipment such as viewing video of secured areas, reviewing security parameter information with a command / control center, or communicating via various wireless communication mediums (mobile phones, satellite, SMR). The patented "Flair" has attracted multi-industry attention including the gaming, healthcare, real estate, telecommunication industries such that AirSpeak has a backlog, as of September 2006, in excess of 2,000 units.
There is no assurance that the transactions contemplated by the purchase agreement will be consummated.
Global General Technologies, Inc., through its wholly owned subsidiary H7 Security Systems, Inc., designs, implements and maintains high tech surveillance and warning systems for the prevention of terrorists attacks using its proprietary Intelligent Communication Node (ICN) that configures and analyses many forms of real time data that permits instantaneous response decisions.
Global General Technologies, Inc. trades on the OTC Bulletin Board under the symbol GLGT. The company hopes to design, implement and maintain homeland security systems internationally with a primary focus on perimeter security of large high value facilities. The company's website is www.globalgeneraltechnologies.com.
Information included in this news release contains forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995 ("Reform Act"). Such statements are based on current expectations and involve a number of known and unknown risks and uncertainties that could cause the actual results and performance of the Company to differ materially from any expected future results or performance, expressed or implied, by the forward-looking statements. In connection with the safe harbor provisions of the Reform Act, the Company has identified important factors that could cause actual results to differ materially from such expectations, including the failure to close the transaction with AirSpeak, lack of capital to develop and market the products, lack of marketability, operating costs, advertising and promotional efforts, the existence or absence of adverse publicity, changes in business strategy or development plans, the ability to retain management, availability, terms and deployment of capital; business abilities and judgment of personnel, availability of qualified personnel, changes in, or failure to comply with various government regulations and uncertainties relating to economic issues and competition. Reference is made to all the Company's SEC filings, including the Company's Report on Form 8-K regarding the transaction with AirSpeak and other periodic reports.
CompuPrint Delivers Stage 2 STeP(R) Technology Report for Diamond Exploration in Congo CompuPrint, Inc. (OTCBB:CPPT), an energy and natural resource exploration technology company, announced today that its wholly-owned subsidiary, Terra Insight Corporation (TIC), has delivered its Stage 2 STeP technology report to the Congo exploration affiliate of a multi-billion dollar company. The STeP report identifies a number of potential diamond-bearing sites within the area of interest. The client has informed TIC that it is dispatching geological field teams to survey the sites which STeP has indicated as showing potential. After such survey by the local geologists, TIC and the client will select the most promising sites for Stage 3 analysis, the most detailed stage of STeP analysis. It is anticipated that the Stage 3 STeP report will be delivered in the First Quarter of 2007. The Stage 3 STeP report will be prepared to pinpoint drilling location(s) and depths of diamonds. The September 2006 service contract provides for TIC to receive a 5% working interest, a 1% free participation interest, and a success fee from revenue generated, as well as a small up-front payment that has already been received.
In preparing its analysis, the Company utilizes a proprietary technology STeP which is based on interpretation of satellite data to effectively identify kimberlite minerals containing diamonds. STeP is also used to find other natural resources subsurface, including oil and gas, gold and even water.
"Our client has stated its satisfaction with our Stage 2 Report, and is taking specific actions based upon our recommendations. It is presently the rainy season in the Congo, but our client has indicated that it will be commencing preliminary explorations of the specific sites we have recommended. STeP enabled us to reduce the area of interest by more than 90% and to further concentrate on very specific, relatively small areas. This project also demonstrates to the exploration industry STeP's ability to more effectively and efficiently conduct exploration efforts," said Roman Rozenberg, CompuPrint's Chief Executive Officer. "STeP has already demonstrated that it can help substantially in locating kimberlite pipes for diamond exploration. In addition, this Congo project complements our 1,250,000 acre offshore Namibia diamond prospect for which we have obtained licenses from the Government of Namibia. We are optimistic that our STeP technology will open more opportunities with this client and other major exploration companies. We are currently in negotiations to render services to several potential clients of similar size."
About CompuPrint, Inc.
CompuPrint, Inc., through its wholly owned operating 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 also holds a working interest in a one million acre Kurdistan oil prospect, 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 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: 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 (November 7, 2006 - 6:21 PM EST)
Receivable Acquisition & Management Corporation Announces the Voluntary Conversion of Series A 5 Percent Convertible Preferred Stock At $1 Per Share 11/8/2006
NEW YORK, Nov 8, 2006 (PrimeZone Media Network via COMTEX News Network) -- Receivable Acquisition & Management Corporation (OTCBB:RCVA) today announced that it has entered into a privately negotiated and unsolicited transaction with a certain holder of the Company's outstanding 5% convertible preferred stock, $0.01 par value, $10 stated value per share, convertible at $1 per share, in which such holder voluntarily converted such shares of preferred stock into the Company's common stock, $0.01 par value per share.
This transaction closed on November 1, 2006 and resulted in the conversion of 80,000 shares of the Company's preferred stock into 800,000 shares of the Company's common stock and the issuance of 200,000 shares of common stock in exchange for the shareholder foregoing any dividends payable in connection with the preferred stock and early conversion. Max Khan, CEO of RCVA, said that "The conversion of the preferred eliminates an annual dividend expense of $40,000 and gives us additional flexibility in raising capital."
Receivable Acquisition & Management Corporation
Based in New York City, Receivable Acquisition & Management Corporation, specializes in acquisition and liquidation of performing, sub-performing and non-performing receivables. The Company outsources all its collections to specialists in the U.S. and United Kingdom. The Company funds its purchases with its own capital, special purposed vehicles and a fund. The Company is run by two individuals who are well-experienced in corporate finance and management of distressed receivables.
Except for historical information contained herein, the matters set forth in this news release are "forward-looking" statements (as defined in the Private Securities Litigation Reform Act of 1995.) Although Receivable Acquisition & Management Corporation believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. Forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from Receivable Acquisition & Management Corporation's expectations. Factors that could contribute to such differences include those identified in Receivable Acquisition & Management Corporation's Form 10-K for the fiscal year ended September 30, 2005, and those described from time to time in Receivable Acquisition & Management Corporation's other filings with the Securities and Exchange Commission, news releases and other communications, including that Receivable Acquisition & Management Corporation may not be able to purchase receivable portfolios at favorable prices or on sufficiently favorable terms or at all. Receivable Acquisition & Management Corporation's reports with the Securities and Exchange Commission are available free of charge through its website at http://www.ramcoglobal.com .
iVoice's Subsidiary Thomas Pharmaceuticals Featured in Leading Publication For Supermarket Industry 11/8/2006
MATAWAN, N.J., Nov 08, 2006 (BUSINESS WIRE) -- Thomas Pharmaceuticals Ltd ("Thomas Pharmaceuticals"), a wholly owned subsidiary of iVoice, Inc. (OTCBB:IVOI), announced today that its new upscale antacid tablet product line Acid + All(TM) is featured in an editorial in Supermarket News, a leading magazine covering activities, news and issues impacting the supermarket industry. The article highlights the potential for Acid+All, citing the product's creative packaging as on-target for baby boomers. Recently, Thomas Pharmaceuticals announced that more than 20,000 drug stores chains were carrying the product line.
Acid + All(TM), the calcium enriched, spearmint-flavored, sugar free tablets that soothe heartburn, acid indigestion and gas is available at independent pharmacies, major drug chains and online retailers or by calling toll-free at 1-888-922-1959. Acid + All(TM) will be available in a sleek, 32-count pillbox and will retail for approximately $3.89. Thomas Pharmaceuticals plans to introduce Acid + All(TM) line extensions later this year along with other new over-the-counter products. For more information about Acid + All(TM) go to www.acidall.com.
Thomas Pharmaceuticals Ltd., based in New York, N.Y., develops and markets over the counter non-prescription healthcare products. The company focuses on high-end, branded consumables. Its first product, Acid + All(TM), is a calcium-enriched, sugar free, anti-gas antacid. On August 9, 2006, iVoice, Inc. entered into a Stock Purchase Agreement dated August 7, 2006 by and among Thomas Pharmaceuticals Ltd.,Thomas Pharmaceutical Acquisition Corp. ("Thomas Acquisition") and iVoice, Inc. whereby Thomas Acquisition has agreed to purchase all of the outstanding securities presently held by iVoice. iVoice may terminate this Stock Purchase Agreement should the closing not have occurred by October 31, 2006. Thomas Acquisition is substantially controlled by the original founders and management of Thomas Pharmaceuticals.
About iVoice, Inc:
iVoice has determined that the best way to create shareholder value, separate and apart from the operating performance of iVoice, is to implement new business opportunities by distributing shares of spin-offs to the company's shareholders. The common stock distributions are part of a broader strategy relating to the transition of iVoice into a company focused on the development and licensing of proprietary technologies. We also continue to search for potential merger candidates with or without compatible technology and products, which management feels may make financing more appealing to potential investors.
Certain information included in this press release, may contain forward-looking statements about our current and expected performance trends, growth plans, business goals and other matters. These statements may be contained in our filings with the Securities and Exchange Commission, in our press releases, in other written communications, and in oral statements made by or with the approval of one of our authorized officers. Information set forth in this press release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
Universal Detection Technology Debuts Homeland Security E-Commerce Store 11/8/2006
Products for Sale Are: HAZMAT/WMD Awareness DVD, Terrorism Biological Weapons DVD, and Terrorism: Chemical Weapons DVD
LOS ANGELES, CA, Nov 08, 2006 (MARKET WIRE via COMTEX News Network) -- Universal Detection Technology (www.udetection.com) (OTCBB: UDTT) announced today that it's launched a new e-commerce store. Featured in the store are three DVDs which provide training references for law enforcement, fire fighters, and first responders related to threats caused by Weapons of Mass Destruction.
Universal Detection Technology provides products and services for combating terrorism with a focus on countering biological, chemical, and nuclear attacks. The Company's core technology deployed in BSM-2000 is a real-time continuous anthrax detection method. The Company also provides training on various issues related to first response and neutralization of terrorist attacks.
"Our new e-commerce store shall make our educational videos and training references available for purchase online to those of our customers interested in in-depth analysis of terrorist threats and the most advanced techniques to counter them," said Nima Montazeri, UDTT's vice president of strategic development. "We are very excited to market this broader range of security products to purchasers all over the world through our on-line store."
Since September 11, 2001, the U.S. Department of Homeland Security and its agencies have paid private contractors in excess of $130 billion. Depending on sources, the U.S. Homeland Security market is estimated to be between $75 and $100 billion.
The Company recently announced the sale of two units of BSM-2000 to the Government of the United Kingdom and hopes to place more units at strategic government and private locations around the globe. In a recent piece NBC News aired a short program on the Company which can be viewed at:
For information on distribution opportunities please email us: info*udetection.com
About Universal Detection Technology
Universal Detection Technology is a developer of monitoring technologies, including bio-terrorism detection devices. The Company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the Company, in cooperation with NASA, has developed a bio-terror 'smoke' detector that detects certain biohazard substances. For more information, please visit www.udetection.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
DNAPrint Genomics EuroDNA(TM) Test Used as Basis for Reality Show on British Television 11/8/2006
Times of London Obtains Results From Program, Publishes Article Speculating Former British Prime Minister Thatcher May Have Middle Eastern DNA
SARASOTA, FL, Nov 08, 2006 (MARKET WIRE via COMTEX News Network) -- DNAPrint Genomics, Inc. (OTCBB: DNAG) today announced that the Company's EuroDNA(TM) product has been employed as an integral part of the British television reality program, "100% English," and that a recent episode of the program has prompted speculation that Dame Margaret Thatcher, Baroness of Kesteven and former Prime Minister of Great Britain, may have Middle Eastern DNA, according to an Oct. 29 article in The Times of London.
The speculation is based on tests administered to Mrs. Thatcher's daughter, Carol Thatcher, who was tested as part of the television program. It was found that Ms. Thatcher's DNA was 24% Middle Eastern in origin, with the remaining 76% listed as Northwestern European. This led to the speculation that either her mother or her father, the late Denis Thatcher, may have Middle Eastern roots, the article said.
The finding has raised the possibility that Mrs. Thatcher may be descended from a Bedouin tribe, or that her origins may date to the desert farmers of ancient Mesopotamia, which centuries ago covered all of Iraq and large portions of contemporary Turkey, Syria and Iran, according to the Times article, which also dubbed Mrs. Thatcher as "The Queen of the Desert" on the basis of her daughter's test results.
According to the article, Ms. Thatcher stated, "Do I know if any of my great-grandfathers had any associations or came from the Middle East? I haven't got a clue. I will do what research I can. I am now very curious."
To date, tests have not been conducted on Mrs. Thatcher, nor had they been conducted on her late husband Denis while he was alive, so it is unknown whether Ms. Thatcher inherited her traits from her mother or father, according to the Times article.
"100% British" is a reality program in Great Britain that takes eight celebrities who believe that they are truly 100% British and then confronts them with the reality of their origins by showing them the results of DNA tests that were conducted using DNAPrint's EuroDNA(TM) product.
EuroDNA(TM) is administered in combination with AncestryByDNA(TM) that specifically measures "European" sub-ancestry, a type of ancestry shared by people who derived from the fertile crescent of the Middle East some 50,000 years ago and spread to occupy Europe, the Middle East, parts of Eurasia and South Asia. EuroDNA(TM) breaks the European ancestry into four groups and reports percentages for each: Northwestern European, Southeastern European, Middle Eastern and South Asian.
"We are flattered that this British television program should choose DNAPrint's EuroDNA(TM) product as the basis for the program and for the determination of Carol Thatcher's ancestry," stated DNAPrint President and Chief Executive Officer Richard Gabriel. "This is a testament to the confidence in the product and the precise results that EuroDNA(TM) yields."
Mr. Gabriel continued, "We encourage everyone to have their DNA tested, either with EuroDNA(TM) or AncestryByDNA(TM)."
DNAPrint Genomics, Inc. (www.dnaprint.com) is a developer of genomics-based products and services in two primary markets: biomedical and forensics. DNAPrint Pharmaceuticals, Inc., a wholly owned subsidiary, develops diagnostic tests and theranostic products (drug/test combinations) using the Company's proprietary ancestry-informed genetic marker studies combined with proprietary computational modeling technology. Computational Biology and Pharmacogenomics services are also offered externally to biopharmaceutical companies. The Company's first theranostic product is PT-401, a "Super EPO" (erythropoietin) dimer protein drug for treatment of anemia in renal dialysis patients (with end stage renal disease). Preclinical and clinical development of all the Company's drug candidates will benefit from simulated pre-trials to design actual trials better and are targeted to patients with genetic profiles indicating their propensity to have the best clinical responses. DNAPrint is proud of its continued dedication to developing and supplying new technological advances in law enforcement and consumer ancestry heritage interests. Please refer to www.dnaprint.com for information on law enforcement and consumer applications which include DNAWitness (TM), RETINOME(TM), AncestryByDNA(TM) and EuroDNA(TM). DNAWitness-Y and DNAWitness-Mito are two tests offered by the Company. The results from these tests may be used as identification tools when a DNA sample is deteriorated or compromised or other DNA testing fails to yield acceptable results.
Forward-Looking Statements
All statements in this press release that are not historical are forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, but not limited to, uncertainties relating to technologies, product development, manufacturing, market acceptance, cost and pricing of DNAPrint's products, dependence on collaborations and partners, regulatory approvals, competition, intellectual property of others, and patent protection and litigation. DNAPrint Genomics, Inc. expressly disclaims any obligation or undertaking, except as may be required by applicable law or regulation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in DNAPrint's expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements are based.
Company Contact: Richard Gabriel CEO and President 941 366-3400 -or- Ron Stabiner The Wall Street Group, Inc. 212-888-4848
SOURCE: DNAPrint Genomics, Inc.
Copyright 2006 Market Wire, All rights reserved
-------------------- "As long as there are dreamers, there are dreams that will come true."
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Victor Industries Inc finalises merger with Ethos Environmental Inc 11/8/2006
Nov 08, 2006 (M2 EQUITYBITES via COMTEX News Network) -- Victor Industries Inc (OTCBB:VICI), a manufacturer of zeolite based fertilizers and soil amendment products, announced on 7 November that its merger with Ethos Environmental Inc has been finalised.
The terms of the merger agreement include Victor Industries relocating to Nevada and adopting the Ethos Environmental Inc name.
Ethos Environmental is a manufacturer and distributor of fuel reformulating products.
Comments on this story may be sent to admin*m2.com
Union Dental Opens Maryland, Massachusetts and the District of Columbia for Its Dental Network
CORAL SPRINGS, FL -- (MARKET WIRE) -- November 08, 2006 -- Union Dental Holdings, Inc. (OTCBB: UDHI) www.uniondental.com/ir, a provider of multi-state dental services for union members, announced today it has opened the Maryland, Massachusetts and Washington, DC areas for dentists to enroll in its network for the Association of Flight Attendants - Communications Workers of America (AFA-CWA). These union members include employees of airlines such as United, Northwest, US Air, America West, PSA, Hawaiian Air and many others.
Dr. Green, President and CEO of Union Dental, commented: "I am very pleased to have started the marketing for dentists in these areas based on our National Contract with the flight attendants to build them a nationwide dental network. Building this network is paramount to UDHI's expansion program."
UDHI has created a plan of scheduled marketing in the airline hubs of operation throughout the United States.
Dr. Green further stated: "Because of our national contract with AFA-CWA, I believe UDHI is an undervalued company. Our future is very bright and we intend to become aggressive in our marketing in all of the states over the next 18 months, then introduce this national network of dentists to other labor organizations."
About Union Dental Holdings, Inc., Direct Dental Services, Inc. and Union Dental Corp.
Direct Dental Services and Union Dental Corp. are wholly owned subsidiaries. Direct Dental Services provides dentists with "areas of exclusivity" to participate with various unions including the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW) Dental Networks. Direct Dental Services receives annual management fees from the dentists in exchange for practicing in these "areas of exclusivity" where CWA and IBEW members use the dentists' services. Union Dental manages a dental practice in Coral Springs, Florida. WEBSITE: www.uniondental.com/ir
"Safe-Harbor" Statement: Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
CONTACT INFORMATION: Dr. George Green Email Contact
SOURCE: Union Dental Holdings, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits
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U.S. Starcom Approves Stock Buyback of Up to 4 Million Shares PR Newswire - November 8, 2006 8:00 AM (EDT)
PERTH AMBOY, N.J., Nov 08, 2006 /PRNewswire-FirstCall via COMTEX/ -- U.S. Starcom (Pink Sheets: USTA) announced today that its Board of Directors has approved the buyback of up to 4 million of its own common shares in public and private market transactions, beginning immediately.
"This is a vote of confidence in our future," said John DiDomenico, President of U.S. Starcom. "We believe our stock is dramatically undervalued, and this is our first step in trying to correct that situation. With our company turning profitable in September, and our positive cash flow, we feel this is a prudent move."
About U.S. Starcom: The company is a leader in providing value added prepaid services and solutions to enhance communications and entertainment. With a sales distribution network extending to thousands of urban locations, U.S. Starcom will continue its rapid expansion into the distribution of alternative communication products and services, including international long distance, prepaid phone cards, wireless dial around applications, stored value services and money debit cards, and internet service enhancements. U.S. Starcom is committed to providing affordable access to the latest entertainment offerings from the recording industry through strategic alliances and joint distribution campaigns. The company can provide product development, distribution, and system installation through its two independent subsidiaries, Sky Distribution and U.S. Starcom Technologies, formerly known as Infinite Technology, Inc.
Safe Harbor Statement: This release contains statements that constitute 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. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," "promise," "seeking to," "negotiating to" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Contact: U.S. Starcom, Inc. Jack Lennon (508) 362-4420 www.usstarcom.com
SOURCE U.S. Starcom, Inc.
Jack Lennon of U.S. Starcom, Inc., +1-508-362-4420
Beacon Research Issues New Research Update on Quintek Technologies, Reiterates ''Outperform'' Rating 11/8/2006
DALLAS, Nov 08, 2006 (BUSINESS WIRE) -- A new research note has been issued on Quintek Technologies, Inc. (OTCBB: QTEK) by Beacon Equity Research Senior Research Analyst, Kris Goldcross, CFA.
Anyone interested in receiving alerts regarding Quintek Technologies, Inc. research should email members*beaconequityresearch.com with "QTEK" in the subject line.
In the report, Mr. Goldcross writes, "The services and solutions offered by the Company are targeted towards improving the efficiency of client organizations by providing material improvements. The core competencies of the Company include mailroom outsourcing, high-speed scanning, domestic as well as offshore data capture, OCR and indexing, ASP hosting of scanned images, workflow automation and supply chain management services.... For the year ended June 30, 2006, the Company recorded revenues of $2,307,402 in comparison to revenues of $1,547,923 for the previous year, reflecting an increase of 49.1% on a year-over-year basis."
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Quintek Technologies, Inc. (QTEK). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. A principal of Beacon Equity Research is also a principal of Pasadena Capital Partners (PCP), an investor relations firm for QTEK which has received 1,500,000 restricted rule 144 shares and anticipates receiving sixty thousand dollars directly from QTEK for services. Beacon Research has been directly compensated eighteen thousand dollars for a one year enrollment in its program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
SOURCE: Quintek Technologies, Inc.
Beacon Equity Research Jeff Bishop, 469-361-6239 editor*beaconequityresearch.com www.beaconequityresearch.com or Quintek Technologies Andrew Haag, 714-848-7741 Chief Financial Officer
Copyright Business Wire 2006
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Receivable Acquisition & Management Corporation Announces the Voluntary Conversion of Series A 5 Percent Convertible Preferred Stock At $1 Per Share PrimeZone Media Network - November 8, 2006 8:00 AM (EDT)
By Staff
NEW YORK, Nov 8, 2006 (PrimeZone Media Network via COMTEX) -- Receivable Acquisition & Management Corporation (OTCBB:RCVA) today announced that it has entered into a privately negotiated and unsolicited transaction with a certain holder of the Company's outstanding 5% convertible preferred stock, $0.01 par value, $10 stated value per share, convertible at $1 per share, in which such holder voluntarily converted such shares of preferred stock into the Company's common stock, $0.01 par value per share.
This transaction closed on November 1, 2006 and resulted in the conversion of 80,000 shares of the Company's preferred stock into 800,000 shares of the Company's common stock and the issuance of 200,000 shares of common stock in exchange for the shareholder foregoing any dividends payable in connection with the preferred stock and early conversion. Max Khan, CEO of RCVA, said that "The conversion of the preferred eliminates an annual dividend expense of $40,000 and gives us additional flexibility in raising capital."
Receivable Acquisition & Management Corporation
Based in New York City, Receivable Acquisition & Management Corporation, specializes in acquisition and liquidation of performing, sub-performing and non-performing receivables. The Company outsources all its collections to specialists in the U.S. and United Kingdom. The Company funds its purchases with its own capital, special purposed vehicles and a fund. The Company is run by two individuals who are well-experienced in corporate finance and management of distressed receivables.
Except for historical information contained herein, the matters set forth in this news release are "forward-looking" statements (as defined in the Private Securities Litigation Reform Act of 1995.) Although Receivable Acquisition & Management Corporation believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. Forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from Receivable Acquisition & Management Corporation's expectations. Factors that could contribute to such differences include those identified in Receivable Acquisition & Management Corporation's Form 10-K for the fiscal year ended September 30, 2005, and those described from time to time in Receivable Acquisition & Management Corporation's other filings with the Securities and Exchange Commission, news releases and other communications, including that Receivable Acquisition & Management Corporation may not be able to purchase receivable portfolios at favorable prices or on sufficiently favorable terms or at all. Receivable Acquisition & Management Corporation's reports with the Securities and Exchange Commission are available free of charge through its website at http://www.ramcoglobal.com .
HiEnergy Technologies Inc. Announces Distribution and Reseller Agreement With Leading Nuclear Services Company, Bartlett Nuclear Inc. PrimeZone Media Network - November 8, 2006 8:00 AM (EDT)
By Staff
IRVINE, Calif., Nov 8, 2006 (PrimeZone Media Network via COMTEX) -- HiEnergy Technologies, Inc. (OTCBB:HIET), the homeland security industry leader in neutron-based diagnostic technology, announced today that it has entered into a distributorship agreement with Bartlett Nuclear Inc., which grants Bartlett Nuclear rights to purchase, inventory, and promote HiEnergy's Atometer(tm) detectors and related software and services for resale to commercial nuclear power plants throughout North America on an exclusive basis.
Bartlett Nuclear Inc., founded in 1979, is renowned for its success and experience in responding to the radiation safety needs of nuclear power generation and government facilities nationwide. It maintains the largest specialized nuclear workforce in the United States with over 4000 employees providing radiation monitoring and decontamination services at over 150 locations nationwide.
"We are pleased that Bartlett Nuclear has agreed to work with HiEnergy in marketing our ground-breaking Atometer(tm) explosives detection devices within the nuclear industry in which they have long-standing relationships," stated Sean Moore, HiEnergy's Vice President of Sales & Marketing. "Working with Bartlett Nuclear and the largest specialized nuclear workforce in the United States, HiEnergy expects to have greater access to this important market segment as well as respond more effectively to the unique security needs of the nuclear industry."
"Bartlett's leadership position is firmly established with more than 26 years of providing superior safety, security and support services to commercial and government entities in the nuclear marketplace," added Myron Kaczmarsky, Bartlett Nuclear's Senior Vice President of Marketing, Sales and Business Development. "We look forward to working with HiEnergy in delivering their novel technologies for the protection of our nation's critical nuclear power infrastructure."
The agreement was made in line with HiEnergy's multi-channel sales strategy which is to engage outside sales and marketing alliances, including outside sales representatives, industry partners, and potential system integrators, to more efficiently access its target markets and leverage its sales efforts. HiEnergy intends to work closely with Bartlett Nuclear in marketing its explosive detection systems with a focus on perimeter security and the screening of potential threats to the nation's nuclear power infrastructure. Pursuant to the agreement, the exclusive rights shall have a term of one year, which term may be extended upon mutual agreement.
Nuclear power plants and other nuclear facilities have long been recognized as potential targets of terrorist attacks. The protection of these nuclear sites from land-based assaults and other terrorist acts has been a heightened national priority since the attacks of September 11, 2001. Operating nuclear reactors contain large amounts of radioactive fission products which, if dispersed, could pose a direct radiation hazard, contaminate soil and vegetation, and cause both short-term illness and death, and longer-term deaths by cancer and other diseases. Under current regulations all commercial nuclear power plants licensed by U.S. Nuclear Regulatory Agency must be protected by a series of physical barriers and a trained security force.
ABOUT BARTLETT NUCLEAR, INC. (www.bartlettinc.com)
Headquartered in Plymouth, Massachusetts, Bartlett maintains offices in Connecticut, North Carolina, Virginia, Pennsylvania, Tennessee, Idaho, Oklahoma, Colorado, Nevada, Washington and Florida which further provide regional assistance in ensuring complete customer satisfaction.
Bartlett is known for providing the critical value-added services and innovative technologies needed to optimize health and safety throughout the lifecycle of nuclear facilities. With over 26 years experience and the largest dedicated nuclear workforce in the U.S., Bartlett has emerged as an industry leader in both the commercial and government sectors. Today they hold the unique position as:
-- The only company that has provided radiation protection services to all of our nation's commercial nuclear power facilities. -- The No. 1 supplier of nuclear-related technical and professional services to the U.S. Department of Energy. -- The only company that has developed, implemented and supported radiation protection programs in every regulatory jurisdiction and every type of nuclear facility in the U.S.
ABOUT HIENERGY TECHNOLOGIES, INC. (www.hienergyinc.com)
HiEnergy Technologies, Inc. is the creator of the world's first "stoichiometric" diagnostic devices that can effectively decipher chemical composition of unknown substances through metal or other barriers, almost instantly and without human intervention. HiEnergy's Atometer(tm) devices incorporate a proprietary interrogation process which activates a selected target with neutrons causing the contents to emit back gamma rays that contain unique signatures from which the chemical formulas are derived. The Company is marketing its devices to governmental and private entities and is negotiating licenses for distribution of its devices with various industry partners. The Company also continues to focus on the research and development of additional applications of its technologies and their further exploitation, both internally and through collaboration with third parties.
FORWARD-LOOKING STATEMENTS
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. While the above agreements evidence the willingness and desire of the respective parties to work collaboratively on the sale and marketing of the company's products, and implementation generally, readers are cautioned there can be no assurance that the agreements will result in any business, revenues or other tangible benefits at any time. The company disclaims any obligation to update information contained in any forward-looking statement.
H3TV Will be Featured at SpikeTV's 'Video Game Awards' PR Newswire - November 8, 2006 8:00 AM (EDT)
H3's Revolutionary Flat Screen for Gamers Will be on Display in LA
ST. PETERSBURG, Fla., Nov 08, 2006 /PRNewswire-FirstCall via COMTEX/ -- H3Enterprises, Inc (OTC: HTRE) has announced that H3TV, the groundbreaking flatscreen designed for the ultimate video gaming experience, will be featured at this year's SpikeTV Video Game Awards on December 9. The two-hour extravaganza will be televised live on SpikeTV and will be hosted by Samuel L. Jackson, with an A-List of presenters and performers, most of whom are dedicated gamers. HTRE is the first public company dedicated to the Hip Hop culture and community.
H3TV is a multi-functional computerized LCD TV that offers the highest resolution (1080p) and the finest sound system available. H3TV is the only hi-def flatscreen on the market that is truly customized with a variety of features designed specifically for competitive cybergamers. H3TV offers simultaneous gaming competitions on the same screen, fully integrated gaming consoles compatible with both Xbox 360 and Playstation 3, and a multitude of split-screen options available with just the touch of a button on the most user-friendly remote on the market.
SpikeTV's Video Game Awards pay homage to the accomplishments of the past year within the booming $20 billion video game industry, as well as providing an incisive look into the future. The 2006 VGA's celebrate the games, the designers, the animation, the music and the performances of the past year in video games. Some of this year's presenters/performers will include Snoop Dogg, Carmen Electra, 50 Cent, Charlize Theron, Kiefer Sutherland, Carson Daly, Jaime Presley, The Rock, Tony Hawk, Red Hot Chili Peppers, and Jack Black. Many of H3's superstars will be participating as well.
H3TV screens will be seen throughout SpikeTV's "Backstage Talent Lounge" for the entire VGA Weekend. HTRE has also been given a large "Backstage Booth" to show off its "one-of-a-kind wonder" to its most coveted audience on a one-on-one basis.
H3 is currently working with Mitsubishi and Circuit City to fully develop and maximize H3TV's order fulfillment capacity. The companies are currently working on multiple plans to weave H3TV sponsorships, as well as screen giveaways and donations, into the SpikeTV live telecast in an effort to secure immediate national brand awareness and the dominant position in this extremely fertile niche market. The total market for HDTV is expected to top one trillion dollars after the enactment of the "Digital Only Law" for television.
Several members of Hip Hop's Harlem Dipset -- including H3 superstars Juelz Santana and Adrian "Hollywood" Walton -- will be demonstrating H3TV's groundbreaking gaming features live from Warren Sapp's HipHopSodaShop (8901 4th Street, North St. Petersburg) today at 2 p.m.
Safe Harbor: Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results.
CONTACT: Ashley Hallmark; 407-936-1010, ext. 111
ahallmark*quantifiedmarketing.com
SOURCE H3 Enterprises, Inc
Ashley Hallmark of Quantified Marketing Group, +1-407-936-1010, ext. 111, or ahallmark*quantifiedmarketing.com, for H3 Enterprises, Inc.
Atlantis Holding Corp Finalizes Acquisition of Eagle Automotive Group PR Newswire - November 8, 2006 8:00 AM (EDT)
TUSTIN, Calif., Nov 08, 2006 /PRNewswire-FirstCall via COMTEX/ -- Atlantis Holding Corp (OTC: AHDG) is pleased to announce that it has completed the acquisition of Eagle Automotive Group. A Letter of Intent was signed between the companies several months ago and the final terms of this acquisition were negotiated recently. This acquisition will be accomplished through an exchange of shares of stock in Atlantis Holding Corp.
Eagle Automotive Group is an Oceanside, California based company formed in early-2006 that offers high-quality automotive aftermarket product lines to the automotive enthusiast and consumer. Eagle will utilize the services of American Sales & Marketing, another recently acquired subsidiary of Atlantis Holding Corp, to promote these automotive products to the major automotive supply stores and warehouses, such as Sears, Auto Zone, CSK Auto, CarQuest, Parts Plus, Costco and Wal-Mart, etc. Eagle also plans to sell these products direct to the consumer through an internet website business portal that will be developed in the near future, as well as through a "kiosk-based" point of purchase system.
Regarding this acquisition, Sydney Bowers, President of Eagle Automotive Group said "The acquisition of Eagle Automotive Group by Atlantis Holding Corp will give us access to the resources we need to develop a successful group of automotive aftermarket product lines," and according to Robert J. Thompson, President and CEO of Atlantis Holding Corp, "Eagle Automotive will be an important part of our new Automotive Division as we grow in the future."
Atlantis Holding Corp is a holding company with three divisions: the Energy, Environmental and Engineering Division; the Automotive Division; and the new Media Content and Imaging Solutions Division. For more information on Atlantis Holding Corp please refer to the company Internet website at www.atlantisholdingcorp.com.
This press release may contain forward-looking statements that are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.
SOURCE Atlantis Holding Corp
Investor Relations, Chuck Prebay of Atlantis Holding Corp, +1-714-258-7070, chuck.prebay*atlantisholdingcorp.com
posted
JMCP (.0001) Pursuing $16 Million Stock Dividend
Business Wire "US Press Releases "
CHICAGO--(BUSINESS WIRE)--
James Monroe Corporation (Pink Sheets:JMCP) decided in a meeting of its directors that the company is going to pursue paying a stock dividend to its shareholders. The company has engaged counsel to review state statutory requirements for the issuance of the dividend, whether the company qualifies for an issuance, and other compliance matters. The directors would like to issue 22,886,190 shares of common stock of Originally New York, Inc. ("ONYI") that the Company received earlier this year as consideration for the purchase of some assets. This would translate to approximately 1 share of ONYI for every 2000 shares of JMCP, or for every $100 worth of JMCP a shareholder would get roughly $350 worth of ONYI, based on Tuesday's closing prices.
The stock is unregistered and accordingly would be restricted. Restricted stock cannot be sold for a period of time, such as a year or two. This protects shareholder value. Following the holding period, restricted stock is also subject to selling limits proportionate to the size of the company. This also helps to protect share prices.
James Monroe Capital President Chris McGovern said, "As we have said all along, we are here to serve the interests of our long term shareholders. We are interested in long-term, aggressive growth. We will keep everyone informed of our progress with this new pursuit to the fullest extent possible."
ONYI has a subsidiary, Diversified Ethanol Corporation, with a web site that is www.diversifiedethanol.com. The Company is in the business of constructing and manufacturing ethanol plants for resale and for its own use. ONYI is developing a new web site, which will closely resemble www.jamesmonroecapital.com. McGovern, who is also the President of ONYI, has committed to issuing press releases to keep the public informed of news and events as ONYI steps-up efforts.
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
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CRYSTAL CITY, Texas, Nov. 8 /PRNewswire-FirstCall/ -- Ecoloclean Industries, Inc. (OTC Bulletin Board: ECCI) announced that after reviewing the NOBO (Non-Objecting Beneficial Owner) list acquired from ADP Issuer Services and DTC list in comparison with the Company's shareholders list we have identified what we believe is a significant discrepancy in number of publicly held shares.
Mr. Ward stated that management is of the opinion that this discrepancy may represent a significant naked short position in our publicly held stock. Management intends to implement a strategy which it believes will remedy this discrepancy and reduce the short positions.
Further updates will be provided.
FORWARD LOOKING SAFE HARBOR STATEMENTS: 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.
ABOUT ECOLOCLEAN INDUSTRIES, INC.
Ecoloclean Industries, Inc. is the parent of three wholly owned subsidiaries: Ecoloclean, Inc., World Environmental Technologies, Inc. and Aquatronics Industries, Inc. utilizing various remediation techniques and technologies. Ecoloclean Industries provides environmental waste remediation to treat and remove impurities tin contaminated and/or polluted liquids and solids for a variety of industries including, but not limited to, refineries, paper mills, petroleum and petrochemical industries. Ecoloclean Industries has merged equipment and personnel in its subsidiaries to maximize the utilization of company resources. For more information about the Company, please visit http://www.ecoloclean.com .
INVESTOR CONTACT Ecoloclean Industries, Inc. Royis Ward President and CEO OFF - 830-374-9100 FAX - 830-374-0202
SOURCE Ecoloclean Industries, Inc.
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VANCOUVER, Nov. 8 /PRNewswire-FirstCall/ - CounterPath Solutions, Inc. (OTCBB: CTPS), a leading provider of VoIP (Voice over IP) and Video over IP SIP softphones, today announced that its eyeBeamTM 1.5 softphone is compliant with the BroadWorks(R) platform by BroadSoft, a leading provider of VoIP application software.
The interoperability of CounterPath's eyeBeam 1.5 with the BroadWorks platform allows customers to enjoy seamless, high-quality audio and video calls, conference calls and call transfers, thereby giving service providers greater solution flexibility.
CounterPath's innovative eyeBeam 1.5 softphone combines Voice, Video, IM (Instant Messaging) and Presence functionalities, making it the leading choice among VoIP service providers and manufacturers. BroadSoft's BroadWorks VoIP application platform supports hosted PBX, IP Centrex, mobile PBX, Voice VPN, and collaborative conferencing.
The comprehensive testing on the BroadWorks platform included an examination of interoperability with the Application Server, Network Server, Media Server and ComPilot Call Manager, all of which proved successful.
"To help make our Carrier customers successful in the market, we need to help them balance the economic, infrastructure, and social costs of implementing their VoIP solutions," said Geoffrey K. Hicks, vice president of operations for BroadSoft. "By conducting interoperability testing with innovative companies like CounterPath, who are members of our BroadSoft Access Partner program, we are able to enhance and strengthen our portfolio of SIP-based voice solutions, thereby giving our customers a wider range of choice and flexibility when architecting their VoIP solution suites."
Donovan Jones, President and COO of CounterPath, credited the smooth interoperability testing to CounterPath's conformance with industry protocol standards, saying, "SIP standards compliance, to which our team is dedicated, ensures interoperability with off-the-shelf solution components and applications from other vendors that conform to SIP standards."
He continued, "We are pleased to be working with BroadSoft, a pioneer in VoIP network communications platforms, and are excited about the expanded range of choice that our joint partnership brings to the service provider industry. Our customers are consistently seeking a simplified infrastructure that helps reduce operating costs yet provides more feature rich applications, greater flexibility and a secure and robust communications environment. This partnership is yet another indicator of how the community of Hardware Manufacturers and Software vendors are coming together to give our customers choice."
About BroadSoft
BroadSoft's VoIP application software is revolutionizing the delivery of hosted telephony and multimedia services. Its flagship BroadWorks(R) technology empowers wireless, wireline and cable carriers to deliver next-generation voice and multimedia applications and advanced features that increase revenue, enhance competitive differentiation and elevate customer satisfaction. BroadSoft's family of carrier-class software products delivers the scale, open architecture and reliability that the world's leading telecommunications companies demand to serve mission-critical enterprise and residential broadband customers. BroadSoft provides VoIP applications to 6 of the top 10 and 12 of the top 25 largest carriers worldwide, including Korea Telecom, Singtel, Sprint, Telefonica de Espana, Telstra, T-Systems, and Verizon. For additional information, go to www.BroadSoft.com.
About CounterPath
CounterPath Solutions, Inc., formerly Xten Networks, Inc., is a developer of award-winning, carrier-grade VoIP and Video over IP SIP softphones for telecom and Internet telephony service providers, cable operators, IP-PBX manufacturers and infrastructure manufacturers. CounterPath's SIP softphones and softphone SDKs (Software Development Kits), which provide VoIP, Video over IP, IM (Instant Messaging) and Presence functionality and can be preconfigured to our customer's VoIP service, are predominantly licensed on a per seat or per subscriber basis, either co-branded or private labeled. CounterPath's technology is deployed by over 210 customers in more than 50 countries. Additional information about CounterPath and CounterPath's products and services is available at www.counterpath.com.
CONTACT: Rob Brown, Director of Marketing, (604) 628-9362, pr*counterpath.com
SOURCE CounterPath Solutions, Inc.
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Announces $3.9 Million in New Orders from Several of its Major Aerospace/Defense and Commercial Customers
Business Wire "US Press Releases "
BAY SHORE, N.Y.--(BUSINESS WIRE)--
Gales Industries Incorporated (OTCBB: GLDS) (the Company), a leading aerospace/defense manufacturer of flight safety and other critical componentry, today announced that its wholly-owned operating subsidiary, Air Industries Machining Corp. (AIM) has received multiple new awards valued at $3.9 million since the beginning of its fiscal fourth quarter on October 1, 2006. These awards include the previously announced $1.3 million EA6B Aircraft arresting gear contract from Northrop Grumman Corporation, $717,000 in additional contracts for the F35 Joint Strike Fighter landing gear components, and $802,000 for spare parts from Rotair Industries.
"These new awards illustrate our ongoing and expanding relationships with some of the world's leading prime aerospace contractors," said Gales & AIM President & CEO Peter Rettaliata. "Our precision manufacturing and engineering capabilities are clearly of value to the largest players in our industry. All of the products purchased under these awards and various other previously received contracts give us substantial visibility, contributing toward our 18-month "firm backlog" which currently stands at $30 million. Furthermore, management's "projected backlog" for the same 18-month period includes both the firm backlog as well as anticipated order releases against long term agreements with our prime aerospace contractors for a combined amount of approximately $60 million."
Gales management had previously announced an 18-month consolidated backlog of $54 million at August 16, 2006. In accordance with a change in methodologies intended to provide improved clarity in understanding the Company's information management approach, Gales is now furnishing "firm backlog" as well as "projected backlog" figures for forward 18-month periods. The "firm backlog" includes all fully authorized orders received for products to be delivered within the forward 18-month period. The "projected backlog" includes the firm backlog and forecasted demand from the Company's base of leading prime aerospace/defense contractors for product releases against existing general purchase agreements (GPA's). Although the forecasted releases against GPA's within the forward 18-month period are included in the "projected backlog", the Company may actually receive additional substantial "follow-on" awards through the balance of a GPA contract period, some of which currently extend through 2012.
Gales Industries' Executive Chairman Michael A. Gales added, "The pace at which the Company is receiving new contracts and awards is a clear acknowledgement of the significant role that Gales/AIM is furnishing the demanding aerospace/defense industry. From a strategic perspective, we are pleased that this business generation is emanating from both the civilian as well as defense sectors. This mix clearly suggests that we are well positioned to capitalize on the demand resurgence in both passenger and freightliner aircraft, as well as continuing activity from the defense sector. We believe that this progress eminently showcases the solid shareholder value of our Company's business fundamentals and clearly demonstrates our expanding growth potential."
ABOUT GALES INDUSTRIES INCORPORATED
Gales is a leading aerospace/defense manufacturer and engineering integrator of flight safety and mission critical components with a focus on consolidation within the disciplines of manufacturing, technical services and strategic product distribution. The Company's strategy and attendant tactical plan is to execute its consolidation principally amongst Tier III, IV and V aerospace/defense subcontractors. Gales offers a tailored exit strategy or management continuity strategy in exchange for qualified acquisitions, and targets technically superior organizations in the $15-$100 million annual revenue range. Information on the Company and its products may be found online at www.airindmc.com.
Certain matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace, firm backlog, projected backlog, and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of projects due to the variability in size, scope and duration of projects, estimates, projections and forecasts made by management with respect to the Company's critical accounting policies, firm backlog, projected backlog, regulatory delays, government funding and budgets, and other factors, including general economic conditions, not within the Company's control. Certain of the Company's forward looking statements, with the projected backlog in particular, are formulated based on management's extensive industry experience and understanding and assessment of industry trends, customer requirements, and related government spending. Projected backlog may be subject to variability and may increase or decrease at any time based on a variety of factors, including but not limited to modifications of previously released orders, acceleration of orders under general purchase agreements, etc. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Source: Gales Industries Incorporated
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Trinity Broadcasting's 'Smile of a Child Network' Gives GINA D'S KIDS CLUB(R) a Second Time Slot Business Wire - November 8, 2006 8:31 AM (EDT)
Programs Will Air Twice a Day - Seven Days a Week and Could Reach 100 Million Viewers Worldwide
ORLANDO, Fla., Nov 08, 2006 (BUSINESS WIRE) -- Raven Moon Entertainment, Inc. (OTCBB:RMNE) announced today that Trinity Broadcasting's 'Smile of a Child Network' has given Raven Moon's GINA D'S KIDS CLUB(R) a second time slot that will air seven days a week. The programs currently air on Saturdays at 11 AM PST and 2 PM EST on Trinity Broadcasting Network and daily at 10:30 AM PST and 1:30 PM EST on the Smile of a Child Network worldwide. Beginning November 12, 2006 the programs will air twice a day at 10:30 AM PST and 1:30 PM EST and 3:30 PM PST and 6:30 PM EST on the Smile of a Child Network.
The Smile of a Child Television Network is available in a growing number of major markets via digital multicasting, and Bob Higley, TBN's Vice President of Cable and Satellite Relations, predicts rapid expansion through cable additions and other broadcast outlets worldwide. "With the launch of TBN's Smile of a Child channel the TBN family of networks now reaches every age category within the faith genre," said Higley. "It is the cable industry's only faith-based network targeting preschool to 12-year-old children."
"Since GINA D'S KIDS CLUB(R) is a faith-based secular program we are thrilled that TBN and the Smile of the Child networks will broadcast our programs to millions of viewers worldwide," stated Joey DiFrancesco Chairman and CEO of Raven Moon. "The Smile of a Child Network is airing in 24 U.S. cities and the world wide audience reach is estimated at over 100 million souls although it is difficult to get an exact figure. This is the miracle we've been waiting for. With the addition of TBN on Saturdays and the Smile of a Child Network seven days a week worldwide, Raven Moon will make GINA D and her sidekick Simon available for Christian television talk show appearances and appearances at Churches and Christian bookstores to promote TBN and the Smile of the Child Network. Thanks to TBN, parents will receive an educational program that teaches their children good morals, family values and positive attitudes," stated DiFrancesco. For personal appearances contact Charlene at the Raven Moon office (407) 774-4462.
Professor Mary Beth Leidman, Ed.D Indiana University of Pennsylvania: "Producing great children's television programming is always difficult. Yet, it is easy to see that GINA D'S KIDS CLUB(R) has, perhaps, achieved a milestone in the marriage of education and entertainment for young children today."
The company also recently announced that its co-founders and Emmy Award winning executive producers Joey & Bernadette DiFrancesco have completed production on a movie trailer for its new fully animated G-Rated movie produced at MG Studios called "GINA D & THE TRANSISTOR SISTERS - IN SEARCH OF THE GOLDEN RECORD". Go to www.ravenmoon.net to see the movie trailer.
Shareholders or brokers who need further information on the company may go to www.ravenmoon.net or contact Carol Merry at Fahlgren Mortine Investor Relations at (614) 825-1750 or by email: carol.merry*fahlgren.com.
Safe Harbor Act Notice: This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum or prospectus. Specifications are subject to change without notice.
SOURCE: Raven Moon Entertainment, Inc.
For Raven Moon Entertainment, Inc., Orlando Fahlgren Mortine Investor Relations Carol Merry, 614-825-1750 carol.merry*fahlgren.com
Copyright Business Wire 2006
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GiveMePower Expands Canadian Distribution with Butler Survey Supplies Market Wire - November 8, 2006 8:38 AM (EDT)
CALGARY, ALBERTA -- (MARKET WIRE) -- Nov 08, 2006 -- GiveMePower Corporation (OTCBB: GMPW), today announced it has strengthened its presence in the Canadian market by signing 28-year industry icon, Butler Survey Supplies of Calgary, as it's first authorized Premier Solutions Provider in Canada.
"PowerCAD SiteMaster and handheld lasers do for building surveying what GPS and electronic total stations do for land surveying," said Morris Butler, president of Butler Survey Supplies. "We look forward to outfitting a sizable market of building and construction professionals who require this kind of system."
With 5 locations, Butler Survey Supplies is an industry leader with showrooms displaying a wide variety of surveying and engineering equipment supplies. As a GiveMePower Premier Solutions Provider, Butler has expanded its offerings to include GiveMePower's full line of PowerCAD® mobile, wireless and desktop technologies, proven to dramatically increase productivity on building, construction, facilities and real estate projects of all kinds.
"We're seeing rapid growth in the number of businesses looking to increase profits and save time with our unique mobile, wireless and collaborative office solutions for anytime and anywhere use," said Cliff Carr, vice president of North American Sales for GiveMePower. "We are honored to have such a well-respected company as Butler Survey Supplies join our selected network of full-service partners."
With their initial order now in stock, Butler Survey Supplies is immediately able to provide their customers with GiveMePower's full range of PowerCAD® mobile, wireless and desktop software solutions -- including PowerCAD SiteMaster™ Pro 3. Available in XP and CE Editions, PowerCAD SiteMaster Pro 3 is the latest version of GiveMePower's flagship software which lets anyone create professionally-finished, AutoCAD®-compatible floor plan drawings, Excel®-compatible area and building asset reports, and produce detailed building inspection and real estate presentation results with "Point, Shoot, Done." simplicity, safety and speed, using handheld wireless lasers and any popular Windows® computing system.
Improving the production of "as-built" floor/store plans, area calculations and building inspection drawings by up to 1,000% on jobs for McDonald's, Cartier, Deutsche Telecom and the US Navy, PowerCAD SiteMaster is part of GiveMePower's unique family of CAD Anywhere™ 2D and 3D design, viewing and mobile/wireless collaboration solutions - each designed to save time and money in the office, in the field and on the shop floor.
Specially priced PowerCAD SiteMaster Pro 3 solutions including "Turn-On-and-Go" software, hardware and Leica DISTO™ laser bundles are now available through Butler Survey Supplies. Interested parties are asked to visit their nearest Butler location, or to call the toll-free numbers listed at www.butlersurvey.com/contact.htm.
GiveMePower Premier Solution Providers
GiveMePower Premier Solution Providers are independent companies that partner with GiveMePower to provide the highest level of product and service supply for solutions built around GiveMePower's unique CAD Anywhere™ mobile, desktop and wireless technologies. Premier Solution Providers possess the skills, resources and knowledge to deliver "best of breed" CAD/graphics-enabled business solutions which can be used anytime, anywhere and by anyone.
About GiveMePower Corporation
GiveMePower® is a leading innovator and provider of high-performance desktop, mobile and wireless CAD/graphics software for end-users and OEM business partners involved in design, construction, engineering, facilities management, manufacturing, mapping, real estate and related industries. A Microsoft Certified Partner, Mobile Solutions Partner and Windows Embedded Partner, an Intel® PCA Developer Network member and an IBM and HP Business Partner, GiveMePower is the first company to offer full-featured 2 and 3-dimensional, AutoCAD®-compatible design and digital blueprint processing for "anytime, anywhere and anyone" use on Windows desktop, laptop and XP tablet PCs - and for the first time on Windows Mobile powered devices, CE tablets and other industry-specific devices. For more information, call 1-888-97-POWER or visit www.givemepower.com.
Forward Looking Statements: With the exception of historical information, the matters discussed in this press release are "forward looking" statements that involve a number of risks and uncertainties. The actual future results of the Company could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, the continued demand for the Company's products and services, worldwide economic conditions, changes in governmental regulations and policies, the emergence of competitive products and services, unforeseen technical issues and those risk factors contained in the Company's filings with the SEC.
Intelligent Sports, Inc. to Host Basketball Clinic Taught by Former NBA Players Market Wire - November 8, 2006 8:38 AM (EDT)
UPLAND, CA -- (MARKET WIRE) -- Nov 08, 2006 -- Intelligent Sports, Inc. (PINKSHEETS: IGTS) is pleased to announce their upcoming "Two Hour Workout with the Pros" clinics featuring instruction from former NBA players. The basketball workouts for kids will be held in November and December and the pros will focus on teaching the fundamentals of the game. Several former NBA players will take the court including Darwin Cook, Don Ford, Robert Smith and Brian Taylor.
The clinics have been arranged in association with Nothin' But Net Basketball Programs, founded by Mr. Hobson, and Native Hoops, an organization founded by Darwin Cook, that hosts basketball workshops for Native American groups. They will be held at the Leroy Haynes Center in La Verne, CA on November 11 and December 2 from 9-11 am. Players 10-18 years of age are eligible and participation is limited to 60 players at a cost of $25 each. Intelligent Sports, Inc. anticipates hosting more basketball clinics in the future.
"This is a great opportunity for kids to learn from professionals and find out what it takes to get to the next level. Our programs complement one another and this is yet another step in providing a well-rounded youth oriented fitness education. The pros will also share their life experiences to help keep the kids headed in the right direction, which is into school and away from drugs, gangs and bad influences," stated Thomas Hobson, CEO of Intelligent Sports, Inc.
About Nothin' But Net Basketball Programs:
Nothin' But Net ("NBN") was founded by Thomas Hobson in 1996. The NBN concept is to provide a competitive basketball program in local communities for kids ages 9 through 18 that want to continue to develop and improve their individual game skills. For more information on NBN visit their website at www.nbnweb.net.
About Intelligent Sports, Inc.:
Intelligent Sports, Inc. (www.intelligentsports.net) provides organized youth fitness and academic programs. These programs allow kids to grow athletically and intellectually. Whether it is tutoring, health development, or specialized fitness training -- Intelligent Sports will have something that will meet their general athletic and physical needs. Intelligent Sports will launch the business model in other targeted communities throughout the country over the next several years.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact: Intelligent Sports, Inc. Investor Relations 1-866-THE-APPL(E)
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Acies Unveils Holiday Promotional Campaigns Business Wire - November 8, 2006 8:45 AM (EDT)
Six New Programs Created to Promote Acies' Payment Processing Services in Time for 2006 Holiday Shopping Season
NEW YORK, Nov 08, 2006 (BUSINESS WIRE) -- Acies Corporation (OTCBB:ACIE), a financial services company that specializes in providing payment processing and online banking services to small, medium and large-size merchants across the United States, today unveiled six new innovative marketing and incentive campaigns designed to promote Acies' payment processing services in time for the 2006 holiday shopping season.
Effective immediately, Acies will offer to merchants directly and through its national network of Independent Sales Organizations and Independent Sales Agents the following promotions:
-- "ABC (Acies Best in Contactless) Program" - retailers will receive free placement of industry leading point of sale equipment, including a Verifone Omni 3750 Terminal with ViVOtech 4000 Reader capable of accepting MasterCard, PayPass, Visa Contactless, Discover Contactless and Amex Express Pay. In addition, chargeback protection of up to $50.00 per transaction, with no receipt or signature required, will also be provided. Program runs through December 15, 2006.
-- "Get Paid to Upgrade to Acies" Program - business owners will receive up to $1,000 to upgrade their credit card acceptance services to Acies' state-of-the-art credit card processing platform. Program runs through December 31, 2006.
-- "Flat Fee Processing" Program - tailored toward small and seasonal retailers, qualifying merchants are charged a monthly flat fee of $25.00 for Visa and MasterCard acceptance, instead of the standard discount rate. Program runs through December 31, 2006.
-- "Free Processing" Program - qualifying merchants will receive free processing for the first month of service with Acies - no statement fees, no transaction fees and no discount fees. Program runs through December 31, 2006.
-- "Free Wireless" Program - retailers who agree to sign a one-year Sprint Fair & Flexible Plan ($39.99 per month commitment) will receive a free state-of-the-art Microsoft-enabled, Sprint PCS Treo 700WX wireless device ($700 value) with an ability to process credit card transactions. Program runs through December 31, 2006.
-- "Holiday Gift" Program - Through December 31, 2006, Acies will provide a free Motorola RAZR v3m ($289 value) to all merchants and agents who elect to sign up for a one-year Sprint Fair & Flexible Plan ($29.99 per month commitment).
"We are very proud to be the first company in the financial services industry to offer these types of clever, incentive-driven programs for agents and retailers, helping to further differentiate Acies as a highly innovative, forward-thinking provider of advanced payment processing solutions. We're hoping for a strong response to these exciting marketing initiatives and look forward to a very busy and productive holiday season," stated Oleg Firer, Chairman, CEO and President of Acies Corp.
About Acies Corporation (pronounced "ay-see-us")
Headquartered in New York City, Acies Corporation is a financial services company that, through its wholly owned subsidiary, Acies, Inc., specializes in providing payment processing and online banking services to small, medium, and large-size merchants across the United States. Acies' payment processing services enable merchants to process Credit, Debit, Electronic Benefit Transfer (EBT), Check Conversion, and Gift & Loyalty transactions. Acies also offers traditional and next-generation point-of-sale (POS) terminals, which enable merchants to utilize Acies' payment processing services. Acies' banking services offer customers traditional banking services and the ability for customers to apply for an online bank account and pay bills electronically. For more information, visit http://www.aciesinc.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission, including the risk factors in its form 10-KSB for the year ended March 31, 2006. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
SOURCE: Acies Corporation
Elite Financial Communications Group Dodi Handy, President and CEO, 407-585-1080 acie*efcg.net
Copyright Business Wire 2006
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