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HSFI (.09) Announces Majority Purchase of PLC Marketing
PrimeZone "PrimeZone "
IRVING, Texas, Jan. 12, 2007 (PRIME NEWSWIRE) -- Homeland Safety International, Inc (Pink Sheets:HSFI) today announced the acquisition of the majority interest in PLC Marketing (PLC), a new corporation whose focus will be to sell chemical products for mold eradication as well as anti-bacterial products for consumers. Homeland Safety gave an undisclosed number of shares and an interest in its existing selling agreement for the chemical products in return for the 51% interest it received in PLC. Homeland had previously acquired selling rights to the products from JYMRSA, INC. who owns exclusive selling rights to their products. PLC will be given marketing rights to these products for the consumer market while Homeland continues to focus on selling the chemical products to its primary markets of government and security agencies around the world. Other private investors have made binding commitments to provide PLC with the funding necessary to launch its consumer marketing campaigns in the U.S.
"The partnership with PLC allows Homeland to further leverage the rights it has acquired from JYMRSA to a group of "one of a kind" chemical products to the consumer market, stated Paul Johnson, President of Homeland. "Homeland's sales activity will continue to be focused on international sales to government, military, police and private security market while PLC will focus on the enormous consumer demand for these products."
About Homeland Safety International, Inc.
Homeland Safety has signed selling agreements for numerous products that are related to homeland security and the war on terror. Its products and services include anti-terror and counter-terror security services, equipment for covert operations, bio-terror chemical products, GPS and RFID tracking solutions. Homeland Safety is also the holder of the exclusive license to sell Sniffex, an explosives detection device in NAFTA countries, and, on a non-exclusive basis in most other areas of the world.
Safe Harbor Act Disclaimer: Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities.
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Advanced Technetix, Inc. (Pink Sheets:AVXN) today announced additional details relative to its consumer and IPTV solutions, as well as the firm's strategic and marketing objectives for both of these segments.
According to Rich Lauer, Vice President of Sales & Marketing at Advanced Technetix, "There are two components to our present business: consumer electronics and IPTV. I'm pleased to report that we are currently generating revenue from our consumer products such as the Visual Remote which is an add-on device for the iPod market. We are currently developing new iPod products including a wireless version of Visual Remote, and we are moving forward with our plans to enter the rapidly growing video game market. We also anticipate huge market acceptance for our AccessKey Vault, a USB device which encrypts and provides exceptional security for more traditional computer data."
Lauer further stated, "As for IPTV, the worldwide market is literally exploding and represents a massive opportunity for Advanced Technetix. With subscriber growth rates (CAGR) of 60%, the IPTV market could reach $20 Billion per year by the end of 2011. Advanced Technetix's unique and highly advanced security and encryption functionality in conjunction with our firm's ability to custom configure our products to individual customer's needs are quickly establishing Advanced Technetix's as one of the industry's most innovative and responsive providers of elegant IPTV solutions."
Working closely with potential OEM customers, Advanced Technetix's ability to configure customized IPTV solutions as either advanced set top boxes, or to utilize a subscriber-customer's existing computer hardware make this new technology highly cost effective and extremely appealing. This approach is very attractive to both service providers as well as their partner organizations which create VOD content (i.e., movie studios).
In conjunction with an aggressive public relations and targeted advertising program, Advanced Technetix is directly coordinating presentations worldwide with major IPTV industry players. These include cable and multi-service operators, traditional telcos, multi-dwelling unit operators, as well as some of the more progressive ISPs who are currently diversifying into voice and video services.
George Stevens, Advanced Technetix's CEO, commented, "We are very pleased with the enthusiastic acceptance received thus far from an array of potential high volume customers. We expect to be in a position to announce bookings of significant initial contracts during the first and second quarters."
About Advanced Technetix, Inc.
Advanced Technetix is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of Digital Communications, Entertainment-related services and specific consumer electronics platforms.
Advanced Technetix's AccessKey(TM) products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" (voice, video and data) and "Quadruple Play" (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home(TM) and portable flash drive-sized AccessKey PC(TM) allow subscribers to "channel surf" streaming "HD Quality" television content (IPtv), navigate the internet, watch Video on Demand (VOD) offerings, play video or internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and service provider network.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Advanced Technetix, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
FOR INVESTOR INQUIRIES: Please visit the Company's website, www.advancedtechnetix.com, or contact: Bruce Palmer, 310-734-4254, ext. 105.
Source: Advanced Technetix, Inc.
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QMMG (.008) Receives Permit to Mine Coal at Pond Creek Mine Friday January 12, 4:45 pm ET
PATERSON, N.J.--(BUSINESS WIRE)--Quest Minerals & Mining Corp. (OTCBB: QMMG - News; Frankfurt: QMN.F - News), a Kentucky based operator of energy and mineral related properties, today announced that it has received a permit from the Kentucky Department of Natural Resources to conduct coal mining at its Pond Creek Mine at Slater's Branch, Kentucky. The mining permit is held by Quest's wholly-owned subsidiary, Gwenco, Inc., and allows Gwenco to recommence mining operations at the Pond Creek Mine. ADVERTISEMENT
Eugene Chiaramonte, Jr., President of Quest, stated, "We are very pleased that we have received the required mining permits, which allow us to recommence mining operations at our Pond Creek mine at Slater's Branch. We believe that obtaining this permit is perhaps the most significant step we have taken in our efforts to start mining again.
"We now intend to complete the rehabilitation of the mine, including pumping the mine free of water and taking other steps necessary for the mine to be ready for operation."
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questminerals.com.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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FDSAW (.43) Stockholders Approve Acquisition of Advanced Technology Systems, Inc.
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 01/12/07 -- Federal Services Acquisition Corporation ("Federal Services") (OTCBB: FDSA) (OTCBB: FDSAU) (OTCBB: FDSAW), a special purpose acquisition company formed to acquire an operating business in the federal services and defense industries, announced today that its stockholders have approved the Company's previously announced proposed acquisition of Advanced Technology Systems, Inc. ("ATS") by more than the required margin. In addition, holders of fewer than 20% of the Company's shares issued in its initial public offering elected to exercise their right to convert shares into a pro rata portion of the proceeds of the Company's initial public offering placed in a trust account. These circumstances permit the acquisition of ATS to proceed.
Joel R. Jacks, Federal Services' Chairman and Chief Executive Officer, said, "In light of the sentiment of our stockholders in favor of the acquisition of Advanced Technology Systems, Inc., Federal Services intends to complete the transaction on or about January 16, 2007."
Stockholders also approved amendments to Federal Services' Certificate of Incorporation to, among other things, change Federal Services' name to "ATS Corporation," approved the Company's 2006 Omnibus Incentive Compensation Plan, and elected Dr. Edward H. Bersoff as a member of the Federal Services Board for a term expiring in 2009.
FORWARD-LOOKING STATEMENTS
This document may contain "forward-looking statements" -- that is, statements related to future -- not past -- events, plans, and prospects. In this context, forward-looking statements may address matters such as our expected future business and financial performance, and often contain words such as "guidance," "expects," "anticipates," "intends," "plans," "believes," "seeks," "should," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For Federal Services, particular uncertainties that could adversely or positively affect the Company's future results include: risks related to the government contracting industry, including possible changes in government spending priorities; risks related to the Company's business, including its dependence on contracts with U.S. Federal Government agencies and departments and continued good relations, and being successful in competitive bidding, with those customers; uncertainties as to whether revenues corresponding to the Company's contract backlog will actually be received; risks related to the implementation of its strategic plan, including the ability to make acquisitions and the performance and future integration of acquired businesses; and other risks and uncertainties disclosed in the Company's filings with the Securities and Exchange Commission. These uncertainties may cause Federal Services' actual future results to be materially different than those expressed in the Company's forward-looking statements. Federal Services does not undertake to update its forward-looking statement.
ABOUT FEDERAL SERVICES
Federal Services is a blank check company that was formed to acquire an operating business in the federal services and defense industries. Federal Services consummated its initial public offering on October 25, 2005, receiving net proceeds of approximately $119 million through the sale of 21,000,000 units of its securities at $6.00 per unit. The Board of Directors of Federal Services includes Dr. Edward H. Bersoff, the founder and former CEO of BTG, Inc., a federal services company that was sold to The Titan Corporation, and Joel R. Jacks and Peter M. Schulte, the co-founders of CM Equity Partners, a private equity firm that has completed several federal services acquisitions. Dr. Bersoff will become Chairman and Chief Executive Officer of Federal Services and ATS and Stuart R. Lloyd, formerly Senior Vice President and Chief Financial Officer of PEC Solutions, Inc. will become Chief Financial Officer of Federal Services upon consummation of the transaction. Joel Jacks and Peter Schulte will remain board members of Federal Services following the closing, and will no longer hold executive management positions. Additional board members of Federal Services include: Joseph A. Saponaro, formerly President of L-3 Government Services, Inc. and Edward J. Smith, President of Barnegat Bay Capital Inc.
ATS, headquartered in McLean, Virginia, is a leading provider of systems integration and application development, IT infrastructure management and strategic IT consulting services to U.S. federal government agencies. Since its founding in 1978, ATS has been recognized for its custom software development and software integration capabilities and its deep domain expertise in federal government financial, human resource and data management systems.
ATS is currently executing on over 140 contracts for multiple civilian and defense agencies including: The Department of Homeland Security; The Office of the Secretary of Defense; Defense Logistics Agency; The U.S. Air Force; The Department of Housing and Urban Development; and Pension Benefit Guarantee Corporation. The majority of ATS' contractual relationships are long-term in nature, and many of its customer relationships have been in place for over a decade. ATS derived approximately 90% of its total revenue in fiscal 2005 from contracts with the U.S. government and government-sponsored enterprises. The majority of its work is performed under time and material (T&M) and fixed price contracts.
Over the past 28 years, ATS has built and implemented over 100 mission-critical systems for clients. This large installed base of work provides continuous opportunities for maintenance and upgrades, and positions ATS to address legacy software and systems issues and perform complex migration projects as clients move to next generation technologies. With over 600 employees possessing diverse, hard-to-replicate technical skills, institutional knowledge and insight accumulated over nearly three decades, ATS competes effectively for prime and sole source service contracts and has succeeded in recent years in expanding its reach and presence in the federal services market.
ATS' financial management software expertise assists clients preparing for the government's increased financial accountability standards. ATS' data management systems expertise allows clients to increase efficiency with better human resource and case management tracking capabilities, while also allowing them to organize and track information easily. Additionally, ATS' IT outsourcing capabilities provide ATS with an opportunity to develop long-term value added partnerships with clients that allow end-users and government agencies to focus on core mission priorities, while reducing expenditures on systems management.
In addition, ATS leverages its IT services, management consulting, and software and systems development solutions expertise into financial institutions, insurance companies and government sponsored enterprises through a wholly owned subsidiary, Appix, Inc. ("Appix"). Appix is one of the largest providers of outsourced professional services at Fannie Mae and currently serves many Fortune 500 financial services and insurance companies. Appix has experienced strong organic growth, which has been complemented by small strategic acquisitions.
Stockholders of Federal Services are urged to read its definitive proxy statement related to its special meeting of stockholders held on January 11, 2007, as adjourned, to vote on, among other proposals, its proposed acquisition of ATS. Such proxy statement contains important information regarding ATS and the transaction. Copies of the proxy statement and other relevant documents filed by Federal Services, which contain information about Federal Services and ATS, are available without charge at the U.S. Securities and Exchange Commission's Internet site (http://www.sec.gov). The definitive proxy statement may also be obtained from Federal Services without charge by directing a request to Federal Services Acquisition Corporation, 900 Third Avenue, 33rd Floor, New York, New York 10022-4775.
Company Contact:
Joel R. Jacks Chairman and Chief Executive Officer Federal Services Acquisition Corporation (646) 403-9765
Investor Relations Contact:
Laura Kowalcyk Investor Relations CJP Communications for Federal Services Acquisition Corporation (212) 279-3115 ext. 209 Email Contact
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PDSC (.0003)Produce Safety & Security International and Ozone Safe Food Inc. Join Forces PRESCOTT, Ariz., Jan. 12, 2007 (PRIME NEWSWIRE) -- With a common goal of making food safer to consume, Ozone Safe Food, Inc. and Produce Safety & Security International, Inc. (Pink Sheets:PDSC) Friday announced they would work jointly on projects for the mutual benefit of each company.
Both companies announced that they will be featured together on former Secretary of State Alexander Haig's show "World Business Review." Ozone Safe Food's processing equipment will be featured in early February on World Business Review. The filming, which will take place Monday, Jan. 15, 2007, will take place at PDSC's corporate headquarters in Prescott, Ariz.
Mr. Mark Taggatz, President and CEO of Ozone Safe Foods, and Mr. Clarence Karney, Chairman and CEO of Produce Safety & Security International, will work jointly on projects worldwide. The projects include the Dallas, Texas food safety processing plant, and wastewater purification programs for clients in Australia and Mexico.
The Ozone Safe Foods Inc. product line includes Aqua Clean Industrial Ozone Sanitizer, Zing Commercial Ozone Sanitizer, Air Clean Environment Purifier, Pulsator/Mobil/Sanitizer Versatile Mobile Units, Wastewater Recovery Systems, Save and Recycle wastewater more efficiently using Ozone, Sani-Dri Ozone Hand Dryers, Sanitizing Hand Dryer for washrooms, Fog Zone, Ozone Mist Sanitation System, Central Ozone Systems and limitless Ozone equipment for cleaning and sanitizing needs.
The most effective processing unit is Ozone Tripax Produce Washer, a complete produce washing line utilizing Ozone. This unit provides a complete food safety process for fresh fruits and vegetables to remove E. coli, listeria and salmonella; the product will also extend the shelf life of the food for 10 to 60 days.
About Produce Safety & Security International, Inc. (PDSC)
PDSC has developed and patented products for extending the shelf life of perishables. The EPA-registered products sanitize and disinfect against food-borne illness pathogens and disease-causing bacteria. PDSC provides a range of options for retail stores, restaurants, cruise ship lines, disaster cleanups and municipal programs. Furthermore, the process incorporates a complete audit trail, an essential component for complying with government regulations in the USA, Canada and Mexico.
PDSC's state-of-the-art ozone process has been shown to extend shelf life and remove food borne illness bacteria. This process will provide retail produce departments reduced shrinkage, increase the bottom line and provide a fresher product for the consumer. The customer will be assured of a safe food product, by use of this process, which may be used on organic produce to remove the pathogens. This process uses no chemicals thus meeting the requirements of organic certification.
For further product information, joint venture opportunities, distributorship program information, or program applications, please go to PDSC's website http://www.foodsafeint.com .
CONTACT: Mercantile Ascendency Tom Collins 214-461-3500
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GZFX (.0015) Makes Its Debut at the 2007 NATPE Convention in Las Vegas
GameZnFlix, Inc. (OTCBB: GZFX), an online provider of video games and movies for rent or purchase, announced today that The GNF Entertainment Network will be making its public debut at the 2007 National Association of Television Program Executives (NATPE) show in Las Vegas, which runs from January 16th through the 18th.
The GNF Entertainment Network, a division of GameZnFlix, Inc., is a new broadcast programming service consisting of two 24/7 channels, the GNF Movie Channel and the GNF Game & Music Channel. It is designed for broadcasters to potentially increase revenue by multicasting these channels on their digital stations.
The GNF Movie Channel features family movies, travel features, international business profiles, and other family oriented content. The GNF Game & Music Channel brings viewers a variety of country, pop/rock music videos, video gaming news, competitions, special game programs and professional and armature extreme fast action sports.
"The GNF channels have been under development for just under one year now. We have been adding content to both channels and have been developing other areas around the channels. We are looking forward to 2007 and presenting further content to our customers," stated CEO John Fleming.
About GameZnFlix, Inc.
GameZnFlix is an online game and movie rental service that allows its subscribers to have access to over 50,000 titles. With memberships starting as low as $8.99, subscribers can rent both video games and DVD movies with no late fees or due dates. Membership also allows subscribers to purchase titles at a discounted rate. www.gameznflix.com.
Notice: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Source: Market Wire (January 15, 2007 - 8:00 AM EST)
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IVGR (.036) Announces New Board of Director
Invicta Group Inc. (OTCBB: IVGR) announced today the company has offered a Seat on the Board of Directors to William Kerby and he has accepted the invitation.
William Kerby is the CEO of Extraordinary Vacations Group Inc. (EXVG). EXVG is a media based Travel Company that owns and operates 7 subsidiaries that are in the Travel Industry ranging from Discounted Cruises, Deluxe Escorted Tours and Concierge Services. Bill has over 15 years' experience in the Travel Industry and 10 years in the Financial Industry.
Bill Forhan, Invicta's CEO, states: "We welcome William Kerby to the Board. I believe his 15 years' experience as a CEO in the travel industry will benefit the growth of Invicta and strengthen our ability to turn Invicta Group Inc. into a profitable entity."
INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company offers an Internet database of 40 million travel enthusiasts discounted travel products: airline tickets, hotel rooms, tour packages, cruise cabins and car rentals on the Internet 24/7 through their B-2-C web site known as www.travelhotlink.com
Source: Market Wire (January 15, 2007 - 9:00 AM EST)
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GKSY (.03) UK Ltd. Created to Target UK Security Markets With Mobile Robot Solutions
Market Wire "US Press Releases "
ATLANTA, GA -- (MARKET WIRE) -- 01/15/07 -- GeckoSystems, Inc. (PINKSHEETS: GKSY) announced today the formation and opening of its new UK office located in greater London, England. The new subsidiary, GeckoSystems UK Ltd., will be responsible for manufacturing, sales, and support in the commercial security and defense marketplaces.
"This is another milestone in the continuing development and expansion of GeckoSystems which will allow us to actively pursue and address the interest and potential that exists in this region. Our new presence allows GeckoSystems the unique opportunity to market our innovative mobile robot solutions to knowledgeable customers while fulfilling all contractual requirements," stated Mr. Martin Spencer, President/CEO of GeckoSystems, Inc. "The appointments of Messrs. Greg Stone and Russell Barley as Directors to GeckoSystems UK Ltd. brings a depth of experience and knowledge of sales and service in this sector. We are pleased to welcome them to the GeckoSystems' organization," he stated.
Mr. Greg Stone, Director of Prodec Networks, said, "To comply with national, regional and local government sales and service requirements a UK office presence is important and mandatory. Robotic technology solutions are increasingly being used in commercial security and defense work and we have the resources to accelerate and manage the growth."
Mr. Russell Barley, also a Director of Prodec Networks, said, "Full maintenance and technical support will be provided by our team of fully manufacturer trained and certified programmers and engineers. They provide 24/7 support of the highest calibre," he added.
About GeckoSystems, Inc.:
GeckoSystems, Inc. is a leading developer of mobile robot solutions based in Conyers, Georgia. The Company specializes in supplying mobile service robots (MSRs) that automatically self-navigate the home, office, or business. Now entering their tenth year of business, GeckoSystems, Inc. has developed a suite of proprietary, fundamental technologies. Their hardware and software inventions enable the practical deployment of MSRs. Their MSRs respond intelligently to dynamic environments while accomplishing useful tasks such as automated patrolling, remote care giving, etc. without requiring human assistance or intervention. www.GeckoSystems.com
About Prodec Networks Ltd.:
Prodec Networks was formed in 1998. Head office situated in Berkshire, England (near London) today Prodec has grown into a company with a vast array of networking skills and services, and all Prodec engineers are Manufacturer Trained and Certified. Prodec is a Cisco Premier Partner and able to offer a diverse range of solutions to customers. Prodec Networks specialize in the supply, design, installation, support and ongoing maintenance of New and Re-furbished Networking Equipment to suit your Company's computer network, and all Prodec kits are fully tested and guaranteed. www.prodec.co.uk
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Globetech Environmental, Inc. ("Globetech") has on January 11, 2007, entered into an agreement with Goldner et al to modify the payment terms under their March 17, 2006 Purchase Agreement for the Logmed technologies. Pursuant to the terms of the original Purchase Agreement, a total of 500,000 Euro was due and payable to the Goldner Parties by December 31, 2006. Pursuant to the January 11, 2007 Amendment, the scheduled payment dates for the amounts originally due to the Goldner Parties on December 31, 2006 have been revised to provide for a series of instalment payments as follows:
-- 50,000 Euro is due January 17, 2007;
-- 50,000 Euro is due January 31, 2007 to Goldner;
-- 15,000 Euro is due January 31, 2007 to Frenzel;
-- 18,332 Euro is due August 31, 2007 to Frenzel payable in shares;
-- 100,000 Euro is due February 28, 2007;
-- 100,000 Euro is due March 31, 2007;
-- 66,668 Euro is due August 31, 2007; and
-- 100,000 Euro is due September 30, 2007.
All deferred payments are to bear interest at 8% per annum.
II. CHINESE AGREEMENT COMPLETED
Globetech President and CEO Don Sampson returned from a visit to China in late December, 2006. The visit concluded with the signing of a formal agreement with the Chinese firm Beijing Sumstar Industrial Company. Sumstar will act as the exclusive representative for Globetechs' Logmed technology in the Peoples Republic of China. As part of the agreement, Sumstar will purchase the first two Logmed units immediately for delivery in July, 2007.
III. SALES UPDATE
The Logmed machine previously announced as sold to a French firm is presently being manufactured and is scheduled for delivery by February 28, 2007.
The reconditioned Logmed unit that was sold to a customer in Romania late last year was successfully validated and put into service.
The two Logmed units previously announced as being conditionally sold to Turkey are still awaiting financing and are expected to be released to manufacture within the next 30-60 days.
The Company's booth at the World Medical Fair in Dusseldorf Germany generated significant attention, and many sales leads. Don Sampson will be leaving shortly on a four week round the world trip with scheduled stops in Australia, Singapore, China, Dubai, Luxembourg, Germany and France to close some pending sales contracts. The Company will also be attending a Medical Exhibition in Dubai.
Globetech has today received a Letter of Intent from Goldner to purchase 4 Logmed machines for delivery in 2007.
IV OTHER MATTERS
Globetech is currently raising funds through private placement. The Company is offering units made up of one share at market plus one warrant exercisable at two times the market price for a period of two years.
The Company anticipates hearing from Alberta Ingenuity this month concerning its grant application relating to Prion research funds.
For more information on Globetech Environmental, Inc., please visit our website at www.globetechenv.com or contact Don Sampson or Theodor Hennig at 403-261-2929 or email us at Globetech*shaw.ca. For more information on Logmed see the website www.Logmed.de.
Statements in this press release regarding the company's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. The company wishes to caution readers not to place undue reliance on such forward-looking statements, which statements are made pursuant to the Private Securities Litigation Reform Act of 1994, and as such, speak only as of the date made. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including but not limited to those discussed in the Company's Form 10-KSB for the year ended December 31, 2005.
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MMGP (.05)Exclusive Interview With Mark Meller, CEO of MM2 Group Available on M N 1.com 1/15/2007
LIVINGSTON, N.J., Jan 15, 2007 (*********wire via COMTEX News Network) -- On Jan. 5, 2007, at 10 a.m. CDT, Mr. Mark Meller, CEO of MM2 Group (OTCBB:MMGP), was featured live on Market News First (http://www.***.com) for an exclusive interview. If you missed the interview, you can still catch it by downloading the podcast on www.***.com.
During the interview Meller discussed key points of the company's plans for the New Year, along with the latest financial report filed with the SEC.
Again, to access the podcast in its entirety, please visit ***.com and click on the Downloads and Podcasts section of the website to find the podcast under the company's ticker symbol.
About MM2 Group Inc.:
MM2 Group, Inc., through its subsidiary, Genotec Nutritionals, Inc., engages in the formulation, marketing and distribution of nutritional supplements and vitamins. The company intends to develop its business in the nutraceuticals market via internal growth, product development, and by acquisition of other companies that operate in that market. MM2 Group was founded in 2004 and is based in Livingston, N.J.
About ***.com:
Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live IPTV website that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.
Through daily, live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.
(C) Copyright 2006 *********wire, Inc. All rights reserved.
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ERUG (.09) Joins Super Bowl Host Committee ER Urgent Care Centers (PINKSHEETS: ERUG) -- With the arrival of Super Bowl XLI, ER Urgent Care Center employees have joined the host Committee as part of this great event. Dolphin Stadium, home of Super Bowl XLI, is located only 2.5 miles from the Ives Dairy location, which makes an excellent opportunity to expose our centers to the entire country. The hotels that will be housing the majority of Super Bowl guests are located a short distance from both the Hallandale and Ives Dairy Road locations. These hotels refer their guests to us on a regular basis. In addition, ERUG employees will be wearing Super Bowl pins and the centers will display posters welcoming guests. In addition, the ERUG van will be transporting inner city children all week long to participate in the NFL Experience. "We are very proud to partake in such a significant event for our community and bring to the forefront the name ER Urgent Care Centers," said Jerry Miller, founder and director. If any of our shareholders are in the area during the Super Bowl events, please let us know and stop by for a visit.
About ER Urgent Care
ERUC Management Company Inc. operates ER Urgent Care Centers in the South Florida area. The "true, bona-fide," "Urgent Care Center" is a one-stop-shop where patients can receive premier health care, after-hours, at a fraction of the cost of emergency room visits. With the "Urgent Care Center" model emergency rooms will no longer lose money on ER patients with minor injuries and illnesses and the HMOs will no longer have to pay exorbitant claims for non-admitted patients. ER Urgent Care Centers create a win-win situation for everyone, filling the financial and service gap between primary care physicians (PCPs) and hospital emergency rooms.
700 Ives Dairy Rd. 1601 Meadowlark Lane North Miami Beach, Fl. 33179 Kansas City, Ks. 66102
213 North Federal Highway 7208 Sterling Ave Hallandale Beach, Fl. 33009 Tampa, Fl. 33614
15463 SW 137th Ave. Doctors Family Medical Kendal, Fl. 33177 5535 Memorial Highway Tampa, Fl. 33634 4401 North Andrews Avenue Oakland Park, Fl 33309 Doctors Family Medical 431 SW Blvd. North 18648 NW 67th Ave. St. Pete., Fl. 33703 Miami Lakes, FL 33177 431 SW Blvd North. Suite A 5535 Memorial Highway #101 St. Pete, Fl. 33703 Tampa, Fl. 33634
ER Urgent Care Center is a provider for Amerigroup, Avmed, Humana, Aetna, Medicaid/Medipass/Medi-Kids, Total Health Choice, United Health Care, Beech Street, Dimension Health, Assist Card, Cigna, Corvel, Health Insurance Plans and many more.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
For franchising and corporate information please contact us toll free at 1-877-303-3500
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CYBL (.026) UTEK Corporation Completes Technology Transfer with Cyberlux Corporation 1/16/2007
Transfer Includes Worldwide Exclusive License for Technology to Improve Efficiency of Light Emitting Diodes
TAMPA, Fla., DURHAM, N.C. & SANTA BARBARA, Calif., Jan 16, 2007 (BUSINESS WIRE) -- UTEK Corporation (AMEX:UTK) (LSE-AIM:UTK), a specialty finance company focused on technology transfer, and Cyberlux Corporation (OTCBB:CYBL), a provider of LED lighting solutions, today announced that Cyberlux has acquired Hybrid Lighting Technologies, Inc., a wholly owned subsidiary of UTEK Corporation in a restricted stock transaction.
Hybrid Lighting Technologies, Inc. holds a worldwide exclusive license for an inorganic light emitting source for LEDs developed at the University of California-Santa Barbara. The technology provides for the method and practice for creating a white or multiple colored lighting source by combining the photoluminescence from polymer and/or organic films with emissions from an electrically-powered, solid state, inorganic light source.
"We are enthusiastic about the potential for this technology to improve the efficiency and appearance of LED products," said Alan Heeger, Ph.D., Professor at the University of California-Santa Barbara.
"We believe this technology may provide a competitive advantage for us in our target markets," said Mark Schmidt, President and Chief Operating Officer of Cyberlux Corporation. "We are particularly excited to be working with Dr. Alan Heeger, a Nobel Laureate in Chemistry, and inventor of the technology."
"UTEK is pleased to consummate this technology transfer with Cyberlux Corporation," said Claire Guyer, Manager of Technology Licensing at UTEK Corporation.
About The University of California-Santa Barbara
Originally a small, independent teachers' college, Santa Barbara joined the renowned University of California system in 1944 and has since grown to be an integral and important part of public postsecondary education in the state. Pioneering research is a critical component of the highest quality education. UCSB's 1,000-member faculty includes five Nobel Prize winners and scores of elected members of national and international academies and societies as well as dozens of winners of Guggenheim and Fulbright Fellowships. The campus is one of only 62 research-intensive institutions elected to membership in the prestigious Association of American Universities. In the humanities and the arts as well as in engineering and the sciences, UCSB introduces students to novel ways of thinking, learning, and conducting research. For more information about the University of California-Santa Barbara, please visit its website at www.ucsb.edu.
About Cyberlux Corporation
Cyberlux Corporation engages in the development, manufacturing and marketing of LED solutions for retail, commercial and industrial uses, primarily in the United States markets. The Company offers a family of products for task and accent lighting, emergency and security lighting, and specialized lighting systems for the residential, commercial, military, and homeland security markets. The Company's products include the "WatchDog" and "BrightEye" portable military lighting products; consumer retail products such as the "EverOn" and "RelyOn"; the "Aeon" task lighting solutions; and specialty lighting, such as the "KeOn" product. For more information about Cyberlux, please visit its website at www.cyberlux.com.
About UTEK Corporation
UTEK(R) is a specialty finance company focused on technology transfer. UTEK's services enable companies to acquire innovative technologies from universities and research laboratories worldwide. UTEK facilitates the identification and acquisition of external technologies for clients in exchange for their equity securities. This unique process is called U2B(R). In addition, UTEK offers companies the tools to search, analyze and manage university intellectual properties. UTEK is a business development company with operations in the United States, United Kingdom and Israel. For more information about UTEK, please visit its website at www.utekcorp.com.
Forward-Looking Statements
Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words, such as UTEK or Cyberlux Corporation "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UTEK's or Cyberlux Corporation's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of UTEK or Cyberlux Corporation, as appropriate, and the valuation of UTEK's investment portfolio, which could cause actual results to differ materially from those currently anticipated. Although UTEK and Cyberlux Corporation believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements, and some of these factors are discussed below. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and both UTEK and Cyberlux Corporation do not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
UTEK's operating results could fluctuate significantly due to a number of factors. These factors include the small number of transactions that are completed each quarter, the value of individual transactions, the timing of the recognition and the magnitude of unrealized gains and losses, UTEK's dependence on the performance of companies in its portfolio, the possibility that advances in technology could render the technologies it has transferred obsolete, the loss of technology licenses by companies in its portfolio, the degree to which it encounters competition in its markets, the volatility of the stock market and the volatility of the valuations of the companies it has invested in as it relates to its realized and unrealized gains and losses, the concentration of investments in a small number of companies, as well as other general economic conditions. As a result of these and other factors, current results may not be indicative of UTEK's future performance. For more information on UTEK and for a more complete discussion of the risks pertaining to an investment in UTEK, please refer to UTEK's filings with the Securities and Exchange Commission.
SOURCE: UTEK Corporation
UTEK Corporation, Tampa Tania Bernier, 813-754-4330 x 223 (USA) or Consulting for Strategic Growth 1 Stan Wunderlich, 800-625-2236 or Bankside Consultants (UK) Steve Liebmann or Simon Bloomfield, + 44 (0) 20-7367-8883 or Cyberlux Mark Schmidt, 919-474-9700 or CWR Partners--Public Relations Kelly Cinelli or Ronnie Welch, 508-222-4802 or University of California Santa Barbara Oren Livne, 805-893-5138 Copyright Business Wire 2007
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MGOA (.04) Acquires Revolutionary Fire Safety Products
Market Wire "US Press Releases "
CORUNNA, ON -- (MARKET WIRE) -- 01/16/07 -- Megola Inc. (PINKSHEETS: MGOA), a leading environmental solution provider, announced today that it has acquired the exclusive North American manufacturing and Canadian distribution rights to some of the most technologically-advanced and environmentally-friendly fire inhibitor and fire suppression products in the world.
Megola has signed an agreement with Pacific Channel Ltd. (PCL) that grants Megola the exclusive rights to manufacture the Hartindo line of products within North America and the exclusive rights to distribute these products in Canada both directly and through Megola-appointed dealers, sub-agents, manufacturers and/or sales representatives. Megola may also distribute the products in the United States both directly and indirectly through a non-exclusive agreement with PCL.
"After several months of negotiations we have finally come to an agreement. This is definitely the most exciting product line we have come across with regards to instant marketability and acceptance," states Joel Gardner, CEO of Megola. "The Hartindo products have been in use for twenty years in Asia and Europe and have been tested and certified in numerous nations and by numerous fire safety councils. These products are currently being used by the British, Malaysian and Indonesian armies, IMAX Cinemas, Hyatt Hotels, British Airways, Exxon Mobile, Toyota and Aramco, to name a few. Also, having the only recognized and certified drop-in Halon replacement gives our new Fire Safety Division instant credibility," adds Gardner.
According to the U.S. Fire Administration, the direct property loss due to fires was estimated at $10.7 billion in 2005 (http://www.usfa.dhs.gov/statistics/quickstats/index.shtm). In Canada, statistics released by the Council of Fire Marshals and Fire Commissioners for 2001 show a direct property loss of $1.4 billion (http://www.ccfmfc.ca/stats/en/report_e_01.pdf).
Megola will manufacture and distribute three Hartindo Anti-Fire products:
AF11E is the world's only direct 1:1 replacement for Halon 1301 in total flooding systems. Unlike other Halon replacements on the market, it requires no modification of existing Halon piping systems. Its performance is also equal to Halon 1211 in portable fire extinguishers. Both Halon 1301 and Halon 1211 were banned under the Montreal Protocol (http://hq.unep.org/ozone/Montreal-Protocol/Montreal-Protocol2000.shtml) and production ceased in 1994. Once discharged or removed, Halon must be replaced with a suitable alternative.
AF21 is a total fire inhibitor. As opposed to the numerous fire retardants on the market that simply delay the spread of fire, AF21 renders materials non-flammable, thereby preventing the spread of fire. It can be applied to all natural fibers and many synthetic materials, including polyester and some polypropylene and polystyrene products. A few of the many applications include the treatment of furniture, carpet, clothing, mattresses and building materials, onsite or during the manufacturing process, to completely eliminate the possibility of these materials catching fire. AF21 is water-based, environmentally-friendly, non-toxic and non-corrosive.
AF31 is both a fire inhibitor and a fire extinguishing agent. When used in fire extinguishers it is effective for all classes of fire (A,B,C D and F/K) thereby eliminating the need for multiple extinguisher types in one facility. It can also be used to create fire breaks when combating forest fires. It is currently being employed in this manner in Indonesia during aerial water bombing sorties to help fight the serious forest fires occurring in that country. AF31 is also water-based, environmentally-friendly non-toxic and non-corrosive.
Megola will be updating its website in the near future to reflect this new development. In the meantime, more information on the Hartindo Anti-Fire products can be found at www.hartindo.net.
For more information on Megola Inc. please visit www.megola.com.
The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.
Contact: Daniel Gardner 1 888 558 6389 IRinfo*megola.com
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DRGV (.04) Subsidiary, Shanghai Longri, Receives Contract Valued in Excess of $650,000
Market Wire "US Press Releases "
SHANGHAI, CHINA -- (MARKET WIRE) -- 01/16/07 -- Dragon Capital Group Corp (PINKSHEETS: DRGV), a leading holding company of emerging technology companies in China, announced today that its subsidiary, Shanghai Longri Information Technology Company, Limited ("Longri"), has signed a one-year supply contract with Shanghai Yaohua Weighing System Company, Limited ("Yaohua"). Under the contractual arrangement, Longri will supply Yaohua with Epson printer ink cartridges and ink ribbons. The contract is renewable every year upon written consent from both sides.
Longri engages in network integration, network service, and information technology products distribution. Longri is an authorized agent for several prominent information technology product suppliers, such as Epson, IBM, Hewlett Packard, Samsung, Legend and Toshiba. In addition, Longri provides network design, equipment installation, and a multitude of after-sales services for various multi-national companies. Longri has established retail offices and service centers in Shanghai, Nanjing, and Hangzhou offering high quality, professional network services for its customers throughout the eastern area of China. For more information about Shanghai Longri, please visit http://www.long-ri.com.
Lawrence Wang, CEO and Chairman of Dragon Capital Group, stated, "We continue to see strong sales momentum across all our business subsidiaries and this contract is a further example of our quality and price performance. We continue to provide top quality products and services to our customers. We believe 2007 will be a record year for this subsidiary as well as many of our others. We see unprecedented growth opportunities in our existing businesses and in potential acquisitions over the course of the next two years and management is dedicated to capitalizing on our strategic growth plans to make 2007 a landmark year for our company."
About Dragon Capital Group Corp.
Dragon Capital Group Corp (PINKSHEETS: DRGV) is doing business in China through its subsidiaries. Dragon was established to serve as a conduit between Chinese high-growth companies and Western investors. DRGV functions as an incubator of high-tech companies in China, offering support in the critical functions of general business consulting, formation of joint ventures, access to capital, merger & acquisition, business valuation, and revenue growth strategies. DRGV has developed a portfolio of high-tech companies operating in China. For more information about DRGV, please visit http://www.dragoncapital.us
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the word expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance.
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AMHD (.0091) Division of Amelot Holdings, Inc. Receives Second Shipment of Bio-Diesel At Boston Facility
PrimeZone "PrimeZone "
CHEYENNE, Wyo., Jan. 16, 2007 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce that Amelot Commodities, a division of the Company, has received its second rail car shipment of Bio-Diesel into Boston, Massachusetts. The Bio-Diesel will be for sale and redistribution to the Company's growing client base in the Northeast.
America's Bio-Diesel industry is predicted to add $24 billion to the U.S. economy between 2005 and 2015. The President's fiscal year 2007 Budget includes $50 million for clean diesel programs, which is a $38 million increase, and $11 million for implementation of the Renewable Fuels Standard.
"Developing our client base and working though all the relationship and logistic issues before our Nashua, New Hampshire facility is in production is extremely important to the success of the project. We hope to have the facility just about sold out before it starts up," says Allen Giles, President of Amelot Holdings, Inc.
The Company recently announced that Amelot Commodities took delivery in December of its first rail car of Bio-Diesel into Boston, Massachusetts for distribution to various customers in the region. Amelot Commodities Groups' clients will take receipt of the environmentally friendly, renewable fuel product throughout the month for blending and distribution.
About Amelot Holdings, Inc.
Amelot Holdings, Inc. (http://www.amelotholdings.com), a publicly traded company, is a diversified holding company that has identified a projected $20 billion opportunity to manufacture renewable fuels to supply the growing demand and to reduce the dependency and environmental impact of fossil fuels. Amelot Alternative Energy Group, a wholly owned subsidiary of Amelot Holdings, Inc., is focused on the production of these renewable fuels, with an emphasis on Bio-Diesel. Amelot Holdings, Inc. also owns the following alternate energy and renewable fuel companies: Amelot Commodities Group, and Amelot Alternative Energy, Inc.
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
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ILCO (.0034) Discusses Details of Sugar Shipments
Market Wire "US Press Releases "
TORONTO -- (MARKET WIRE) -- 01/16/07 -- INNOTELCO, Inc. (PINKSHEETS: ILCO) today announced that the initial shipment of sugar from South America to the Middle East is expected to leave the Port of Sao Paulo at the beginning of February. The transaction for 25,000 metric tons of sugar, which was arranged by INNOTELCO, should total approximately $9,000,000. INNOTELCO is expected to earn at least $200,000 for arranging this transaction. Brazil is already the main sugar supplier to the Middle East and Northern African countries.
If the shipment is delivered successfully, INNOTELCO believes that it can arrange between 5-10 sugar shipments this year. The shipment is expected to arrive in the Middle East in mid-February.
"We are working with some very large players in the commodities business," commented Radomir Popovic, Vice President of Sales and Marketing for INNOTLECO. "We are working on several different orders at this time which can make 2007 an incredibly successful year."
Popovic also added, "I am leaving North America for the Middle East to finalize details of these shipments. This one week business trip will allow INNOTELCO the ability to secure our business interests."
About INNOTELCO, Inc.
INNOTELCO is a telecom hardware supplier, specializing in servicing emerging markets looking to expand their telecommunications networks. INNOTELCO's products range from indoor and outdoor coaxial cables and accessories to fibre optics and switching equipment.
INNOTELCO is also engaged in the construction of a worldwide business network which will result in a seamless facilitation of larger-scale commodities transactions. This network will span the world from Asia into Eastern Europe, North Africa, and reaching as far as Sao Paulo, Brazil.
Safe Harbor Statement
This press release contains forward-looking statements as defined in the Securities Litigation Improvements Act of 1996. The words "believe," "expect," "estimate," "project" and similar expressions define forward-looking statements, which speak only as of the date the statement was made. INNOTELCO, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are currently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated in, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the Company's ability to meet its projected growth, the effects of government regulation, competition and other material risks.
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SNTKY (.24) Clinical Study Finds Kinetin + Niacinamide Combination Reverses Many Signs of Facial Aging
PR Newswire "US Press Releases "
NAPA, Calif., Jan. 16 /PRNewswire-FirstCall/ -- Senetek PLC (OTC Bulletin Board: SNTKY), a life sciences product development company targeting the science of aging, today announced the results of a clinical study conducted at the National Taiwan University Hospital, which demonstrate that Kinetin, Senetek's powerful antioxidant compound - when combined with niacinimide, a B complex vitamin - can effectively reverse many signs of facial aging in Asians.
The double-blind, randomized, vehicle-controlled clinical trial was conducted over twelve weeks starting on February 16, 2006 at The Center for Anti-aging and Health Consultation of the National Taiwan University Hospital in Taipei, Republic of China, under the sponsorship of Panion & BF Biotech Inc. (TPE: 1760), Senetek's Kinetin licensee for Taiwan and The Peoples' Republic of China.
Researchers selected 52 healthy Taiwanese female (91 percent) and male (9 percent) subjects whose ages ranged from 30 to 60. Enrolled subjects were randomized into two parallel treatment groups, each of which received two daily applications of a topical aqueous serum for 12 weeks. The first group received a topical application containing kinetin (0.03 percent) and niacinamide (4 percent) to one side of the face and a control serum containing no active ingredients to the other. The second group received a topical aqueous serum application containing only niacinamide (4 percent) to one side of the face and a control serum containing no active ingredients to the other. Each subject was evaluated at commencement of the study and after four, eight and 12 weeks using Canfield Scientific's VISIA Complexion Analysis System to photographically record changes in facial spots, pore count, wrinkle count and skin evenness, and Cutometer, Corneometer and Mexameter non-invasive probes to physically measure skin elasticity, skin moisture content and skin melanin and erythema, respectively.
For subjects receiving the Kinetin-niacinamide combination treatment, statistically significant improvements after 12 weeks included:
* 41 percent reduction in facial wrinkles; * 16.3 percent improvement in facial evenness; * 15.9 percent fewer pores; * 6.8 percent fewer facial spots * 16.7 percent increase in hydration of the stratum corneum, or the outer most layer of the skin; and * 10 percent less facial skin erythema, or abnormal skin redness.
Most significantly, subjects receiving the niacinamide-only treatment did not experience any statistically significant improvement in the last three indicia of skin aging (facial spots, stratum corneum hydration or erythema). In addition, no significant skin irritation or other adverse events were reported for either subject group, and there was no statistically significant difference in reported events between the two groups.
The study report written by attending dermatologist Pin-Chi Chiu, M.D. concluded that "Kinetin, when combined with niacinamide, can be used as an adjunctive therapy for acne rosacea, xerosis and sensitive skin" and that "the effects of kinetin and niacinamide are additive when compared to niacinamide alone. Study data suggest that these compounds have the capacity to exert multiactive, multifunctional and pluripotent effects on the skin."
Frank J. Massino, Chairman and Chief Executive Officer of Senetek PLC, commented, "Senetek believes these study results will further enhance Panion's ability to effectively market its line of Kinetin products throughout Taiwan and China. Panion has been a valuable partner, utilizing its world-class research and manufacturing facility and professionals to create an innovative product line that combines Senetek's Kinetin with Panion's synergistic active compounds in formulations specially designed for Asian customers."
Michael Chiang, Executive President of Panion & BF Biotech, stated, "The Taiwanese study results suggests that Kinetin's efficacy in reducing facial anti-aging signs in Asian skin is even greater when used in combination with niacinamide. With a growing trend of Asian consumers becoming more concerned about skin health and appearance, Panion will launch this clinically proven line of Kinetin combination products to dermatologists and plastic surgeons in Taiwan and expand to Mainland China."
In 2003, Panion's premier Kinetin skin care product, New Skin, received approval as a functional care product from the Taiwan Department of Health. Since then, the company's full Kinetin product line has received the 2003 National Biotechnology and Medical Care Award from the President of The Peoples' Republic of China. Further Panion products, featuring Kinetin in combination with effective synergistic ingredients, will be submitted to the Taiwan Department of Health for registration as functional skin care products later this year.
About Panion & BF Biotech Inc.
Headquartered in Taiwan, Panion & BF Biotech Inc. (TPE: 1760) is engaged in the manufacture, sale, import and export of human-use medicine, food and cosmetics. Panion distributes domestically produced and foreign-imported human-use western medicine, medical cosmetics, medical equipment, as well as medicines, cosmetics and food from Mainland China across the domestic market and Asia. Panion's products are used for circulatory systems, nervous systems, digestive systems, antibiotic systems, urogenital systems and integumentary systems.
Senetek PLC (OTC Bulletin Board: SNTKY) is a life sciences product development company with a portfolio of intellectual properties targeting the science of aging, including skincare and dermatological therapeutics, erectile dysfunction and nutrition. Kinetin, Senetek PLC's lead commercial product, is currently licensed and marketed by 14 pharmaceutical and cosmeceutical companies, including Valeant Pharmaceuticals International and The Body Shop. In addition, the Company has entered into an exclusive global license with Valeant for Senetek's proprietary anti-aging skincare compound, Zeatin, has entered into exclusive licenses for Europe and North America, respectively, for its patented combination drug treatment for erectile dysfunction, Invicorp(R), has an exclusive manufacturing distributorship for its proprietary diagnosic monoclonal antibodies, and recently sold, with retained rights of profit participation, its patented drug delivery system, Reliaject(R).
This news release contains statements that may be considered 'forward- looking statements' within the meaning of the Private Securities Litigation Reform Act, including those that might imply commercial potential and successful evaluation and development of new compounds. Forward-looking statements by their nature involve substantial uncertainty, and actual results may differ materially from those that might be suggested by such statements. Important factors identified by the Company that it believes could result in such material differences are described in the Company's Annual Report on Form 10-K/A for the year 2005. However, the Company necessarily can give no assurance that it has identified or will identify all of the factors that may result in any particular forward-looking statement materially differing from actual results, and the Company assumes no obligation to correct or update any forward-looking statements which may prove to be inaccurate, whether as a result of new information, future events or otherwise.
This document is available on the KCSA Worldwide Website at www.kcsa.com.
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DRGG (.125) in Agreement to Acquire Majority Stake in Wellton International Fiber Corp
Market Wire "US Press Releases "
NINGBO, CHINA -- (MARKET WIRE) -- 01/16/07 -- Dragon International Group Corp. (OTCBB: DRGG), one of China's manufacturers and distributors of specialty paper products and packaging materials, announced today it has entered into a stock purchase agreement to acquire 51% of Wellton International Fiber Corp in an all stock transaction. Dragon International Group will issue restricted shares of its common stock based on the audited net tangible assets of Wellton, which will be issued upon completion of auditing at the closing. The transaction is expected to close by March 31, 2007. Dragon expects to issue shares not to exceed a value of US 1,500,000.
Wellton International Fiber Corp, formed in British Virgin Island and based in Hong Kong, is a leading importing firm of paper pulp in China. Wellton generated approximately US$18.5 million in revenues with over US$1 million in net income in 2006 on an un-audited basis.
Mr. David Wu, CEO and Chairman of Dragon International Group, stated, "One of our growth strategies is the external acquisition of businesses that are highly complementary to our own. We feel confident in our ability to merge the Wellton operations into our own and achieve synergies that will enhance both our operations. Our combined operations in 2006 would have totaled in excess of $35 million on a pro forma basis and we look forward to continued growth in both revenues and earnings in the coming years. We are excited to work with Wellton towards our goal of being China's leader in the production and distribution of specialty packaging. We believe we are well-positioned to grow our business substantially in an effort to enhance the value of our company for its shareholders."
About Dragon International Group Corporation
Dragon International Group Corp. (OTCBB: DRGG) is one of China's manufacturers and distributors of specialty paper products and packaging materials. DRGG is operating as a manufacturer and distributor of paper and integrated packaging paper products. DRGG has a distribution network covering east and central China. Dragon and its subsidiaries have cultivated strategic relationships with several of the world's largest and well-known manufacturers of paper and specialty packaging products. For more information, please visit http://www.drgg.net.
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements, including the Company's ability to obtain sufficient financing to fund both its internal growth opportunities and acquisition strategy. More information about the potential risks and factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission at http://www.sec.gov.
Contact:
1-877-CHINA-57 Email: info*drgg.net
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CHNW (.0003) Appoints New CEO Garr C Winters, and Management Reorganization
LAS VEGAS, NV, Jan. 16 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now), Cash Now a public company engaged in the design, manufacturing, marketing and distribution of customized payday loan and check cashing software back end systems, Internet based payday loans, and other sub prime financial utility tools, today announced the appointment of a new CEO and president, Mr. Garr C Winters. Mr. Winters replaces the current CEO, Kevin S Price, whose contract expired at the end of 2006. The company has also accepted the resignation of John Anthony Falting as a Company's Board Director. Mr. Falting continues as Chief Executive Officer of Cash Now Australia. Mr. Price will oversee and manage the company's new entry into the Forex market and related projects. Mr. Winters has been with Cash Now since its inception in 2000 in capacity as a marketing director and retail locations 'turn key developments'. Cash Now will continue to offer licensing of its technology and developed vendor relationships, and implementation of its entry into the Forex trading markets. Cash Now enables companies to get into the payday loan business at a fraction of the cost while protecting themselves, as much as possible, against potential loan default losses. To that end, Cash Now offers a payday loan license program known as Payday Express, as well as a payday loan and a check-cashing license known as Check Express. In other company news the company is currently developing a new web site to accommodate both the Forex and Payday software sales, has begun hiring additional sales staff in an effort to boost revenues and to bring the company into profitability.
Cash Now Background
Cash Now Corporation, a pioneer in the payday loan industry, is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. The company's proven business model includes licensing to corporately operate joint venture locations across the U.S. and Canada. Additionally, Cash Now's Web site is the most advanced payday-lending portal, offering key insight clients and potential clients alike. Cash Now offers a payday loan license program, Payday Express; and a payday loan and check cashing license known as Check Express.
SOURCE Cash Now Corporation
Source: PR Newswire (January 16, 2007 - 8:03 AM EST)
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FMNJ (.0145) MedSpas Releases CEO Letter to Shareholders Market Wire - January 16, 2007 8:31 AM (EDT) Jump to first matched term
ATLANTA, GA, Jan 16, 2007 (MARKET WIRE via COMTEX) -- MedSpas of America, Inc. (PINKSHEETS: MDSP), www.medspasofamerica.com, today released a letter to the Company's shareholders from Chairman and CEO Paul R. Smith.
Dear Fellow and Valued Shareholder,
With the start of the New Year, it seems an appropriate time to review our achievements during the past year and share our plans for the upcoming year. Our Company today is much different from that of the beginning of 2006. After exhaustive research, the management of the Company decided to enter into the medspa industry at a most opportune period in the industry's development.
The medspa industry is driven by Baby-Boomers, some 40 million women who are focused on feeling better, looking better and aging gracefully. This is the largest consumer market our country has ever experienced. In the past 7 years, the anti-aging industry has grown to a market size of $44 billion and is expected to double in the next three years. There are some 1,000 medspas operating today in a market that can absorb 12,000 medspas. The growth potential is phenomenal.
To prepare the Company for entry into this exciting industry, we re-organized in June 2006 and changed the company's name to MedSpas of America, Inc. ("MDSP"). Management was faced with the decision to either build a significant overhead to facilitate a national brand roll-out or to find a joint venture partner that had built a strong management team with a proven track record of medspa development. We were extremely fortunate to find Solana Medspas, www.solanamedspas.com, the country's most significant developer of medspas. We signed a joint venture agreement with Solana in the fall of 2006 that calls for the development of 50 Virtuoso Medspas in the USA over the next five years. They provide MDSP with expertise in brand development, operational and regulatory oversight, human resource development, and most importantly, marketing strategy. Today, MDSP has a management team that is unparalleled in the medspa industry.
Immediately after joining forces, we began building the foundation of our Virtuoso Medspa brand consisting of logo design, brand imagery, medical protocol, patient service offering, operational procedures, unit economic model, and unit marketing strategy. During this process, management decided that an opportunity existed in the industry for the company to acquire and convert existing medspas to our Virtuoso Medspa brand. Solana identified some 160 medspas currently operating in the USA that are prime candidates for a roll-up and brand conversion strategy.
In November 2006, MDSP acquired an existing medspa in Birmingham, Alabama. Our acquisition in Birmingham brought 18 months of operational experience with trailing 12-month sales of $391,000 and a strong management team. It lacked brand identification and a commitment to marketing, however, was located in an excellent market. MDSP is now in the middle of its brand conversion strategy in the Birmingham market. Once we have completed our brand conversion in Birmingham, the company will move forward with our roll-up strategy applying the acquisition and brand conversion model developed in Birmingham.
Our 2007 Plan
MDSP intends to acquire an additional five medspas in 2007 utilizing our brand conversion model. Our strategy is to acquire these operations through an assumption of necessary financial obligations, such as equipment and property leases accompanied by a nominal short-term purchase note. We will then invest approximately $200,000 per acquisition for brand conversion and an aggressive community-based marketing campaign. We project the first year revenues of each acquisition will be approximately $750,000 per medspa with an approximate breakeven of $600,000 annual sales, growing to annual revenues of $1,800,000 in the third year.
Assuming the successful achievement of our goals for 2007, the company's revenues are expected to be in excess of $2,000,000 by the end of the upcoming year with net operating profits expected to be 8% of sales. We are actively seeking funding to achieve our goals for the upcoming year.
Beyond 2007
Our goal is to build Virtuoso Medspa into a national chain consisting of 50 units. Assuming achievement of this goal, MDSP will become a recognized leader in the industry that is positioned for significant growth as the industry moves up a projected 20-year growth curve.
In conclusion, the Company has now completed its transition into the medspa industry and looks forward to continual growth. On behalf of all of us at MedSpas of America, please accept our best wishes for happy, health and prosperous New Year.
Sincerely,
Paul R. Smith Chairman & CEO
This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. Such statements are subject to risks and uncertainties and other factors as may be discussed from time to time in the Company's public filings with the U.S. Securities and Exchange Commission ("Commission"), press releases and verbal statements that may be made by our officers, directors or employees acting on our behalf which could cause actual results to differ materially from those discussed in the forward-looking statements and from historical results of operations. In addition to statements, which explicitly describe such risks and uncertainties, statements with the terms "believes," "belief," "expects," "plans," "anticipates" and similar statements should be considered uncertain and forward looking. Factors that might cause such a difference include, without limitation: the uncertainty of the Company's ability to meet capital needs and as further set forth in our public filings filed with the Commission and our press releases.
Investor Contact Information:
500 Australian Avenue S., Suite 700 West Palm Beach, FL 33401
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RFDU (.0002) Intends to Sell Florida Operations Market Wire - January 16, 2007 8:00 AM (EDT) Jump to first matched term
WEST PALM BEACH, FL, Jan 16, 2007 (MARKET WIRE via COMTEX) -- Rent Finders USA, Inc. (PINKSHEETS: RFDU) will sell Jordyn Taylor Properties, Inc., a Florida corporation d/b/a Florida Rent Finders to the subsidiary's existing active management.
Consideration will be an amount based upon the company's public market capitalization ($400,000) and its financial history. Details will be provided when an agreement has been finalized and the management has prepared financial statements reflecting the transaction.
SAFE HARBOR ACT: This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors, currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact: For more information please visit: http://www.rentfindersusa.com or contact Investor Relations 866 THE APPL(E)
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AVVW (.0055) Sponsors Incredible Dog 'Team Missy' PR Newswire - January 16, 2007 8:00 AM (EDT) Jump to first matched term
LUMBY, British Columbia, Jan 16, 2007 /PRNewswire-FirstCall via COMTEX/ -- avVaa World Health Care Products Inc. (OTC Bulletin Board: AVVW), a global biotechnology company offering therapeutic skin and health care products, announced today that it has signed a sponsorship agreement with Dan and Jean Jacobs on behalf of Team Missy, a successful team of Labrador Retrievers who excel in Dock Dog competitions.
Missy Sue, the team's namesake, appeared on NBC-TV's January 7, 2007 airing of the Purina Incredible Dog Show Finals in St. Louis, Missouri, having won the competition. Team Missy, including Missy Sue and her teammates Kasey and Kody, have had extraordinary success competing in 2005 and 2006 and have made many guest appearances on television programs nationwide.
The sponsorship agreement with avVaa calls for Team Missy to promote avVaa Care pet products at various venues nationwide, including pet expos, pet events, clinics, off-site and on-site events, interviews, articles, professional discussions, etc., especially when relating to animal skin and coat care. Jean and Dan Jacobs anticipate having "Missy Sue" and/or "Kasey" and/or "Kody" attend a minimum of 24 events in the calendar year 2007.
As part of the agreement, the avVaa logo will be displayed under the "sponsor" section of "Missy Sue" web page www.missymu.net, with a link to the avVaa web site www.naturesgroom.com. avVaa World Health Care Products will provide Team Missy with banners, product literature and brochures to help promote avVaa's products, as well as avVaa logos for promotional use on jumping and non-jumping vests and attire.
avVaa Vice President of Animal Care Barb Hazell said, "We are very proud to sponsor this phenomenal team. Dock Dogs is a sport that is increasing in popularity throughout North America and Team Missy represents the heart of the sport. We hope that consumers will be drawn to our web site, www.naturesgroom.com, to keep posted on Team Missy's performances and appearances nationwide. With such a high caliber team, we are looking forward to a successful long term relationship to the benefit of both avVaa and Team Missy."
About avVaa World Health Care Products
avVaa World Health Care Products (OTC-BB: AVVW) is a global biotechnology company that specializes in effective, therapeutic human skin care products and animal care products that improve quality of life and well being for consumers. avVaa's patented European skin care formulas are scientifically registered, FDA-Compliant, and were developed to relieve and treat the symptoms of dermatitis, psoriasis and acne. avVaa is poised to manufacture and market its OTC NEUROSKIN line of skin care products through mass, food and drug channels in the United States and globally.
The Company's second generation of its unique, high-quality therapeutic skin care products includes a comprehensive line of Animal Care products designed to capture share of the $44 billion+ worldwide animal care and products market. avVaa sells its quality Animal Care products through partnerships with established distributors and retailers in both Canada and the United States.
For additional information on avVaa, contact Jack Farley CEO / Chairman, at 1-866-772-8822 or visit: www.avvaa.com or www.otcfn.com/avvw.
CONTACT: Investor Relations, Merle Goertz (West Coast) of avVaa World Health Care Products, 1-604-688-2349; or Rick McCaffrey of OTC Financial Network, 1-781-444-6100 ext. 625.
Safe Harbor: Statements contained in this press release that are not based upon current or historical fact are forward looking in nature. Such forward- looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties, and events that may be beyond the control of AVVAA World Health Care Products, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include but are not limited to the ability to procure, properly price, retain, and successfully complete projects, the availability of technical personnel, changes in technology, and competition.
SOURCE avVaa World Health Care Products Inc.
Jack Farley CEO - Chairman, +1-866-772-8822, or Investor Relations, Merle Goertz, West Coast, +1-604-688-2349, both of avVaa World Health Care Products; or Rick McCaffrey of OTC Financial Network, +1-781-444-6100 ext. 625
Copyright (C) 2007 PR Newswire. All rights reserved
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MMGP (.05) Announces Introduction of Revolutionary New Diet/Anti-Smoking Aid
PR Newswire "US Press Releases "
LIVINGSTON, N.J., Jan. 16 /PRNewswire-FirstCall/ -- MM2 Group, Inc. (OTC Bulletin Board: MMGP) announced today that its wholly-owned subsidiary, Genotec Nutritionals, Inc., a New York based nutraceutical company, has introduced a revolutionary new diet product, Sugarest(tm).
Sugarest(tm) is a minty tablet which dissolves in your mouth and temporarily blocks and neutralizes the sweet-taste receptors of your taste buds. Simply place a tablet in your mouth for 2 minutes, and sugary foods and sweets lose their taste and appeal, giving a dieter the "instant willpower" they need to keep to their diet. The effect lasts for 20-30 minutes, long enough for a dieter to defeat their sugar cravings and lose their desire for sweet but fattening foods.
Sugarest(tm) may also be used to help individuals stop smoking. Cigarettes contain sweeteners, including licorice. After using Sugarest(tm), a smoker will find that the taste of the cigarette is now bad, and they will not want to smoke until such time as the effect of Sugarest(tm) has worn off.
Sugarest(tm) is a natural product made from an exclusive Genotec formula which includes the rare Indian herb Gymnema Sylvestre. Gymnema Sylvestre has been safely used for centuries. Additional information may be found on the product website at www.sugarest.com. The product may also be purchased on the website.
George Kontonotas, President of Genotec Nutritionals, stated, "Genotec is committed to providing cutting edge products to the nutritional supplement market in a timely fashion. We expect to announce several new products in the coming months, including a product for heart health, and we anticipate that our sales will continue to aggressively grow."
About MM2 Group, Inc.
MM2 Group is involved in the acquisition and build-out of dietary supplement and nutraceutical companies. The company's growth strategy is to acquire firms in this extensive and expanding but highly fragmented segment as it seeks to create substantial value for shareholders. The Company acquired Genotec Nutritionals, Inc. in September 2006. For more information, contact MM2 Group CEO Mark Meller at (732) 239-0019 or by e-mail at meller*mm2group.net or Jerry Mahoney at jerrym*mm2group.net.
This news release includes 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, as amended, regarding among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to MM2 Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
SOURCE MM2 Group, Inc.
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CYSG (.0021)SOCO SYSTEM Announces PalletBuilder Application Using CAPE's Pallet Optimization Software PR Newswire - January 16, 2007 8:00 AM (EDT) Jump to first matched term
FTSE 100 Company Is Among Launch Customers
SOUTH PLAINFIELD, N.J. and TAASTRUP, Denmark, Jan 16, 2007 /PRNewswire-FirstCall via COMTEX/ -- CAPE Systems Group, Inc., (OTC Bulletin Board: CYSG) today announced that SOCO SYSTEM, its partner in end-of-line robotic packaging and pallet building solutions, has brought to market a new PalletBuilder application incorporating CAPE's pallet optimization software. This is the first product to come out of CAPE's development relationship with SOCO, announced in September 2006. The PalletBuilder program runs as an integrated part of the HMI-interface of the SOCO SYSTEM palletizing robot.
A FTSE 100 Company and other internationally known organizations are among the early launch customers for this exciting new product.
Jesper Olesen, IT Manager of SOCO SYSTEM stated, "With PalletBuilder everyone can, with only limited instructions, generate new pallet load programs as part of the general use of the SOCO robot HMI-interface. The PalletBuilder runs as an integrated part of the HMI-interface of the SOCO SYSTEM palletizing robot."
Peter Ayling, CAPE's head of International Marketing, stated, "Through this relationship with SOCO, we now have the first fully integrated collaboration product, PalletBuilder. PalletBuilder meets the demand for a flexible end-of-line production setup using SOCO robots where it is possible quickly to adapt to customer requirements for new pallet load configurations."
About SOCO SYSTEM
SOCO SYSTEM helps companies world-wide to realize a rational, effective and ergonomic end-of-line packaging and handling workflow. SOCO SYSTEM develops, manufactures and markets a broad, modular based product range of end-of-line packaging and handling equipment. The end-of-line product range covers the functions of carton erecting, pick & place, sealing, conveying, palletizing and pallet stretch-wrapping. The equipment can be supplied as either simple, easy-to-install packaging stations or as complete system solutions that completely automate the total end-of-line packaging and handling function. SOCO SYSTEM supplies and serves its customers through a world-wide network of subsidiaries and authorized dealers, that combines a global presence with local contact, consultancy and customer service and support. For more information about SOCO SYSTEM visit: www.socosystem.com.
About CAPE Systems
CAPE Systems is an international provider of supply chain management technologies. CAPE Systems offers a comprehensive range of software systems and tools, from packaging and pallet optimization software, RFID asset tracking, to integrated warehouse and inventory management solutions, pick-to-light systems, and transportation management systems for enterprise wide and collaborative supply chain optimization. For more information about CAPE visit: www.capesystems.com.
Safe Harbor
Statements about the company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to safe harbor provisions of the Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward-looking statements.
Company Contact: Investor Relations, CAPE: 908-756-2000
Copyright (C) 2007 PR Newswire. All rights reserved
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WTVI (.0043) to Seek UK Expansion Opportunities in 2007 Social Internet TV(TM) to Be Promoted Throughout Europe
LONDON -- (MARKET WIRE) -- January 16, 2007 -- Following the successful $60 million (U.S.) IPO of JumpTV on the AIM/London Stock Exchange in 2006, Wi-Fi TV Inc. (PINKSHEETS: WTVI) said it is exploring UK corporate expansion opportunities in 2007. Wi-Fi TV said it will be expanding its product offerings aimed at the UK audience this week, and will launch a media and financial industry promotional tour of the UK in March.
"We see a great opportunity to increase our membership throughout Europe, and see the UK as the right marketplace for an expanded corporate and financial presence," said Wi-Fi TV Inc. Chairman Alex Kanakaris.
Wi-Fi TV currently features several UK-based stations and already has UK members.
About Wi-Fi TV Inc.
Wi-Fi TV Inc. provides a new generation TV delivery platform that has a geographic sphere out-distancing any traditional cable or over-the-air TV broadcaster. Ownership of Wi-Fi TV Channels is for sale at $25,000 (full details are on the web site www.Wi-FiTV.com).
Wi-Fi TV memberships are free at www.Wi-FiTV.com and include such perks as free online phone calls and free chat and free online parties.
The Company was launched in 1995 and has been publicly traded since November 1997, and has been a pioneer in the delivery of video and books over the Internet.
Press Relations
Wi-Fi TV Inc. has opened a new content and technology demo room for the press in Newport Beach, California. For further information contact Colby Marceau, (949) 716-9397, info*wi-fitv.com.
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 Security 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. The company disclaims any obligation to update information contained in any forward-looking statement. Wi-FI TV and Social Internet TV are trademarks of Wi-Fi TV Inc. and all rights pertaining to these names are reserved. This press release shall not be deemed a general solicitation.
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QMMG (.012) Subsidiary, Gwenco, Receives Permit to Mine Coal at Pond Creek Mine
Business Wire "US Press Releases "
PATERSON, N.J.--(BUSINESS WIRE)--
Quest Minerals & Mining Corp. (OTCBB: QMMG; Frankfurt: QMN.F), a Kentucky based operator of energy and mineral related properties, today announced that it has received a permit from the Kentucky Department of Natural Resources to conduct coal mining at its Pond Creek Mine at Slater's Branch, Kentucky. The mining permit is held by Quest's wholly-owned subsidiary, Gwenco, Inc., and allows Gwenco to recommence mining operations at the Pond Creek Mine.
Eugene Chiaramonte, Jr., President of Quest, stated, "We are very pleased that we have received the required mining permits, which allow us to recommence mining operations at our Pond Creek mine at Slater's Branch. We believe that obtaining this permit is perhaps the most significant step we have taken in our efforts to start mining again.
"We now intend to complete the rehabilitation of the mine, including pumping the mine free of water and taking other steps necessary for the mine to be ready for operation."
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. At the present time, Quest has twelve million tons in reserves and nine million proven on the Gwenco properties. For more information on Quest Minerals & Mining Corp., please visit our website at www.questminerals.com.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
Source: Quest Minerals & Mining Corp.
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CHMD (..054)Announces Issuance of Research Report by Waterville Investment Research, Inc. China Media Group Corporation (OTCBB: CHMD) announces the release of a research report by Waterville Investment Research, Inc., a firm that provides fundamental Wall Street investment data and research on Small-Cap public companies.
The report can be viewed on one of the following links:
China Media Group Corporation (OTCBB: CHMD) is a "Next Generation" advertising / media company focusing on the very lucrative Chinese market. It has offices in China, Hong Kong and Texas, USA. The company was incorporated in Texas on October 1, 2002. The Company is currently entering the fast growing advertising industry in China and plans to expand its offices in key cities such as Shanghai, Guangzhou and Shenzhen. The Company will also cooperate with strategic partners in other cities to serve our clients for nationwide advertising coverage.
Additional information concerning other areas and topics of China Media Group can be found on our web site at http://www.chinamediagroup.net
A number of statements contained in this Report are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Certain written statements in this press release constitute "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Words or phrases such as "should result," "are expected to," "we anticipate," "we estimate," "we project," "we intend," or similar expressions are intended to identify forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statements. These risks and uncertainties include demand for our services, product development, our ability to maintain acceptable margins and control costs, the impact of federal, state and local regulatory requirements on our business, the impact of competition and the uncertainty of economic conditions in general, including the timely development and market acceptance of products, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements, since the statements speak only as of the date that they are made, and we undertake no obligation to publicly update these statements based on events that may occur after the date of this document.
Source: Market Wire (January 16, 2007 - 7:38 AM EST)
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AFML (.3425) signs PIA with The Boeing Company
Canada NewsWire "All News "
MISSISSAUGA, ON, Jan. 16 /CNW/ - AEROFOAM METALS INC. (OTC:AFML) is pleased to announce that it has signed a PIA (Proprietary Information Agreement) with The Boeing Company for the purpose of exploring areas of joint potential opportunity regarding Aerofoam Metals Inc. material.
"Aerospace and Defense related applications are ideal situations for the use of our Aerometal(TM). One of our strategic goals has been to target the Aerospace and Defense industries and we are very excited that we have been able to engage the industry as quickly as we have. The importance and value of this has not been lost on us and Aerofoam Metals looks forward to immersing itself in this opportunity" said Mr. Paul Colacci, President and Head of Product Development.
About Aerofoam Metals
Aerofoam produces a highly unique product, known as Aerometal(TM) which has myriad of final application uses in any industry, being a possible substitute for any other metals, wood or plastic. Aerofoam's process allows it to produce simple applications as well as complex 3D forms which are required in the automotive and aerospace industries.
Products made from Aerometal(TM) maintain the physical characteristics of pure aluminum but at less density and weight. Product applications can be customized for specific densities as required and enables the use of Aerometal(TM) as a preferred material because of the properties of aluminum.
Products made from Aerometal(TM) offer substantial material benefits such as strength, durability, water resistance, energy/impact/blast absorption, resistance to mold, resistance to termites and rodents, ease of use, thermal conductivity, and electromagnetic (EMI) shielding, to name a few.
Aerofoam is marketing Aerometal(TM) on a global basis in a variety of manufacturing and industrial sectors and customers to integrate the use of Aerometal(TM) into a wide range of applications as well as interacting with qualified candidates to establish territorial or product licensing arrangements.
Forward-Looking Statement
-------------------------
Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "Forward Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward Looking Statements may be identified by words including "anticipate", "await", "envision", "foresee", "aim at", "believe", "intends", "estimates" including without limitation, those relating to the company's future business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's busine
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ATVE (.028) Signs Worldwide Agreement for Use of Its ePocket Digital Coin Technology in the On-Line Gambling Market
Market Wire "US Press Releases "
TORONTO -- (MARKET WIRE) -- 01/16/07 -- ActiveCore Technologies, Inc. (OTCBB: ATVE), a Company that operates as a payment technology solution provider, is pleased to announce that it has signed three binding agreements with E-COIN Limited (E-COIN), a private UK and Spanish-based gaming group. The three agreements were signed on January 12th, 2007 and they define the terms under which the companies plan to operate together in the on-line gambling industry. Worldwide revenue from online gambling is expected to double over the next five years to more than $20 billion USD. E-COIN will use the safer, more secure, anonymous and cost-effective ePocket technology to take market share away from other higher risk and more expensive solutions currently offered to online gamblers. With the signing of these agreements, ActiveCore earns a one-time advance royalty fee, an implementation fee and a perpetual royalty fee from each transaction processed. ActiveCore expects to be receiving an annual royalty run rate of between $5-6 million USD from E-COIN by the end of 2007.
Peter Hamilton, Chief Executive Officer of ActiveCore, stated, "The online gambling industry is a huge market with more than 2300 internet gambling sites across the world. In Europe alone, there are more than 3.5 million online gamblers each betting more than $1500 USD on average per year." Mr. Hamilton went on to say that, "E-COIN, a UK-based company with offices in Spain, is ideally positioned to take advantage of the growing European gambling market and recent changes in UK government legislation to encourage more online gambling companies to base their operations in Britain. We are thrilled to be entering into this business relationship with E-COIN as it allows ActiveCore to simultaneously gain exposure in the on-line gambling market while continuing to focus its energies on other potential verticals as well."
Mr. John Clarke, Founding Director of E-COIN stated, "We anticipate that the implementation of the ePocket technology will propel E-COIN to the forefront of the on-line gambling market by offering its customers a unique payment solution that protects their anonymity. The elimination of identity theft and fraud results in a simpler, more cost effective payment for online transactions. We strongly believe that these key attributes will make it the payment method of choice for both the consumer and gambling merchant."
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit ActiveCore IR Hub located at http://www.Agoracom.com/IR/ActiveCore.
About ActiveCore Technologies, Inc. (www.activecore.com)
ActiveCore Technologies, Inc. operates as a payment technology solution provider, primarily in the on-line payment market. Our products encompass a variety of payment technologies as well as our own integration tool kit and direct marketing software platform that allows us to better support our payment technology clients.
About ePocket Digital Coin Technology (www.ePocket.com)
ePocket brings true electronic cash to the world for the first time, making purchases over the Internet as secure and simple as handing cash to a clerk in a store. ePocket enables banks to provide their customers with the ability to withdraw electronic cash in any currency from their regular deposit accounts, and send this electronic cash to merchants or other consumers in order to make payments. Cash created electronically is just like real cash, except there are no coins, bills, or plastic cards -- it is entirely electronic. Just like real cash, electronic cash does not require the identification of a payer. This provides privacy for consumers, and eliminates fraud and identity theft, making ePocket the most cost-effective payment solution for Internet commerce. In contrast to other payment schemes, consumers do not have to open additional accounts with a payment intermediary. Consumers do not have to give up any identity or credit information in order to accomplish a payment. This makes ePocket payments completely secure and provides complete privacy for consumers.
About E-COIN Limited
E-COIN is a private UK Company with operations in Spain. The Company was founded by a group of European-based investors who have experience in the on-line Gaming/Gambling industry. The Company was formed to introduce innovative technology to the on-line Gaming/Gambling market.
Statements contained in this news release regarding ActiveCore Technologies, Inc. formerly IVP Technology and planned events are forward-looking statements, subject to uncertainties and risks, many of which are beyond ActiveCore's control, including, but not limited to, reliance on key markets, suppliers, and products, currency fluctuations, dependence on key personnel and trade restrictions, each of which may be impacted, among other things, by economic, competitive or regulatory conditions. These and other applicable risks are summarized under the caption "Risk Factors" in ActiveCore's Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on January 4, 2005. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above.
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IPKL (.0008) Announces the Signing of Its Chinese Joint Venture Agreement
Market Wire "US Press Releases "
VANCOUVER, BC -- (MARKET WIRE) -- 01/16/07 -- iPackets International, Inc. ("iPackets") (PINKSHEETS: IPKL), a developer and provider of wireless communications software and equipment for the mining industry, announced today the signing and completion of its Chinese Joint Venture ("JV") agreement with Henan YongAn Investment Guarantee Co., Ltd. ("YongAn"), and China Coal Information Institute ("CCII"). The JV will operate under the name GuoAn Mine Safety Communication System, Inc. ("GuoAn").
GuoAn will be responsible for the manufacturing, distribution, sales, marketing, installation, deployment, and support of iPackets' iPMine solution to the mining industry in China. The operation will be based in the Province of Henan, China's second largest coal producing province.
GuoAn's initial registered capital will be $12 million with an option to be increased to up to $30 million. YongAn will contribute $7.2 million for 60% of GuoAn, CCII will contribute $1.2 million for 10% of GuoAn, and iPackets will contribute its iPMine intellectual property, technology, and know how for 30% of GuoAn valued at $3.6 million. GuoAn will be fully supported by the government of the Province of Henan through its contribution of over two acres (10,000 square meters) of land to build and outfit a world-class manufacturing facility in Jiaozuo City, Henan, China.
iPackets' President and CEO, Mr. Naiel Kanno, commented: "This is a major accomplishment for iPackets. China is one of our most important international markets, and the creation of GuoAn is crucial to our growth strategy. We will move forward quickly with sales and marketing activities to capture a significant share of the mine-safety market in China."
YongAn's Chairman, Mr. Sun Yulin, commented: "The JV agreement represents a significant milestone for YongAn's strategy of focusing on the mine-safety industry in China. After considerable research of mine-safety technologies, we are pleased to have selected iPackets as a partner with their true 2-way wireless mine-safety monitoring and tracking system."
CCII's President, Dr. Shengchu Huang, commented: "In February 2006, we established our working relationship with iPackets and we've always believed that their mine-safety technology is superior. We are pleased to have contributed by introducing YongAn to iPackets. We are confident that the new JV will expedite the entry of the iPMine technology into the mine safety in China."
About the Mining and Mine Safety Industries in China
There are more than 280,000 mining enterprises in China, 80,000 of which are state-owned. Of the state-owned mines, more than 700 are classified as large mines, which will soon face Chinese government mine safety regulations. Mine safety has been a major issue with more than 6,000 miners killed in China last year although independent estimates the real figure could be as high as 20,000 miners killed. According to Chinese government statistics, more than 12.2 million people were employed as miners in 2005, and approximately 7.0 million of these were coal miners.
About The Chinese Joint Venture Partners:
Henan YongAn Investment Guarantee Co., Ltd.
YongAn is one of the first investment guarantee companies to be approved by the Chinese National Development and Reform Commission. With more than 55 employees, YongAn's business scope is finance, investment and debenture guarantee, financial services and consultation related to investments in small- to medium-sized enterprises.
China Coal Information Institute ("CCII"): Established in 1959 by the Chinese government, CCII is a national research organization with more than 800 employees. CCII is part of the newly established National Institute for Occupational Safety and has played a leading role in the development of China's domestic coal industry and related occupational safety standards. CCII provides information support and strategic suggestions to government authorities; undertakes market investigations and provides consulting services to Chinese and international companies to expand their business in the areas of energy, safety, environment, and information technology. For more information, visit www.coalinfo.net.cn/english.htm.
About iPackets International, Inc. and iPMine
iPackets International is a developer and provider of wireless communications software and equipment for the global mine-safety industry. iPMine, the company's flagship product designed to significantly improve the safety of miners and equipment, is a real-time two-way wireless communications solution that tracks, monitors, and communicates with miners and equipment underground and above ground. With iPMine, location information of both miners and equipment is collected and displayed on one or more monitoring stations against a background of a mine's terrain map. iPMine's scalability and flexibility features make it ideal to be deployed in any size mine supporting multiple levels and/or sites. Its redundant communications feature makes the system highly reliable to efficiently operate in the harsh mining environment. For more information, visit www.ipackets.com.
Certain statements included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations.
Contact: Allegiant Financial Group 1 (604) 669-8098
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EFSF (.235) Completes Successful Double Blind Phase I Clinical Study Meeting FDA Guidelines Demonstrating the Positive Effect of Cinnergen(TM) in the Management of Diabetes
Business Wire "US Press Releases "
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--
eFoodSafety.com, Inc. (OTCBB:EFSF), a Company dedicated to improving health conditions around the world through innovative products and technologies, today announced that it has completed a Double Blind Phase I Study on Cinnergen(TM), an all natural liquid nutritional supplement designed to regulate blood sugar. The clinical study was conducted by Bucks County Clinical Research Center, which has been doing research for over 20 years for major pharmaceutical companies worldwide. Bucks County Clinical Research Center (www.bccrinc.com) is a fully licensed FDA research center.
The study followed 50 patients with Type I and Type II diabetes over a 90-day period and reported results from a Quality of Life survey completed by each patient. The results from the study showed that 52% of the patients taking 1 ounce of Cinnergen(TM) each day exhibited well controlled blood sugars by using Cinnergen(TM) alone. The remaining 48% of the patients who used 1 ounce of Cinnergen(TM) with their previously prescribed diabetic medications were able to decrease the amount of their medications in order to effectively control their diabetes.
The study also measured the Hemoglobin A1C levels at the beginning and at the conclusion of the study. The diabetic patients on only Cinnergen(TM) had an impressive 70% improvement in this important medical monitoring tool which gives an accurate estimate of long-term blood sugar control.
An impressive 75% of study subjects reported positive changes in their Quality of Life, such as convenience of use, pleasant taste, and increase in energy level, as well as improvement in sleep habits, mental alertness, mood, libido, dietary habits, and an overall feeling of well being. They also reported a marked decrease in illness.
The conclusion by Bucks County Clinical Research Center is that all patients, pre-diabetic or diabetic, would benefit from the use of Cinnergen(TM) on a daily basis.
Patricia Gruden, President and CEO of eFoodSafety.com, Inc., stated, "With these positive, clinically demonstrated results, which exceeded expectations, we will be able to provide major retailers the opportunity to present Cinnergen(TM) to their customers with confidence. We expect Cinnergen(TM) sales to grow significantly as we market our proven claims to our advertisers and retailers, assuring them that they are providing a well studied and quality product that will impact and improve the health and well being of their consumers."
About eFoodSafety.com, Inc.
eFoodSafety.com, Inc. is dedicated to improving health conditions around the world through its innovative technologies. The company's Knock-Out Technologies, Ltd. subsidiary has developed an environmentally safe sporicidal product formulated entirely of food-grade components that eradicates anthrax and a germicidal product, Citroxin (formerly named Big Six Plus) - EPA Reg. No. 82723-1 - that kills six major bacteria: E-coli, Listeria, Pseudomonas, Salmonella, Staphylococcus, and Streptococcus, Avian Influenza, and Black Mold. The sporicidal product has completed its final efficacy laboratory study requisite for EPA registration. In the study, it eradicated both Clostridium Sporogenes and Bacillus Subtilis with 100% efficacy on both hard and porous surfaces. The company's MedElite, Inc. subsidiary distributes clinically proven products to physicians who then prescribe the products for their patients. It recently became the owner of the Talsyn(TM)-CI/bid Scar Cream, which has been clinically proven to facilitate and improve the appearance, redness, and strength of scars (www.talsyn.com), as well as seven (7) other products in the Talsyn(TM) line. The company is also owner of Cinnergen(TM), a clinically studied, non-prescription liquid whole food nutritional supplement that promotes healthy glucose metabolism (www.cinnergen.com). The company has entered into a joint venture agreement with CK41 Direct, Inc. to launch the PurEffect(TM) anti-acne skin care system.
Statements contained in this release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are made based on information available as of the date hereof, and the Company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the Company's products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the Company, and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
Source: eFoodSafety.com, Inc.
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SKFT (.0475) Signs Three-Year Contract With Worldwide Trust S.A. to Deliver GuardedID Keystroke Encryption Technology
PrimeZone "PrimeZone "
EDISON, N.J., Jan. 16, 2007 (PRIME NEWSWIRE) -- StrikeForce Technologies (OTCBB:SKFT) announced today the sale of 10,000 units of its leading keystroke encryption software to Worldwide Trust S.A. The initial order will be in excess of $200,000.
Worldwide Trust S.A. is bundling StrikeForce's GuardedID(r) keystroke encryption software into its consumer and personal business security suite "ProtectMe," which is being sold through the company's global distributors.
GuardedID(r) is an online keystroke encryption technology that automatically encrypts typed keystrokes the instant a user launches their internet explorer (IE) browser to go online. GuardedID gives consumers and business users the strongest weapon to combat the rapidly expanding ranks of cyber thieves who are secretly patrolling PCs to steal lucrative personal and financial information.
"Awareness of the huge problem of ID Theft by the secret capturing of individual keystrokes during online transactions is a worldwide problem," says Stefan Jonsson, Chairman & CEO of Worldwide Trust S.A., "and GuardedID's keystroke encryption technology will help protect our customers from this type of theft. We are excited to offer GuardedID to our customers as part of a layered approach to protecting their personal identity and financial security. It will make a strong addition to our personal 'ProtectMe' security package."
"With its layered approach to security, Worldwide Trust's 'ProtectMe' is offering what every PC user needs today," says Mark L. Kay, CEO of StrikeForce Technologies. "We are pleased to kick-off 2007 with such a strong order and relationship with Worldwide Trust in serving its large installed and growing base of customers and partners around the world."
About Worldwide Trust
Worldwide Trust is a company almost exclusively working with securing electronic information either in the capturing, transmission, processing or storage phase. Established in 2001, Worldwide Trust has its headquarters in Stockholm, Sweden with partners all over the world. The company offers a suite of innovative system and service offerings by combining the products and offerings from its own developed solutions together with products from our partners. For more information go to www.wwtrust.com
About StrikeForce Technologies
StrikeForce Technologies, a leader in solutions that helps prevent identity theft, is a company that can protect consumers, customers, partners and employees -- in real time against identity fraud. Its total protection solution strengthens companies' defenses against the biggest points of fraud -- when the Internet is accessed, when accounts are opened, when they're accessed, when they're changed, and each time there's a new transaction. StrikeForce Technologies is trading on the OTC bulletin board (SKFT) and the company is headquartered in Edison, N.J., and can be reached at www.strikeforcetech.com or (866) 787-4542.
CONTACT: LEWIS Global Public Relations Media Contact Steve Capoccia (212) 292-4919 stevec*lewispr.com
StrikeForce Technologies Media Contact George Waller (732) 661-9641 gwaller*strikeforcetech.com
Piedmont IR Investor Relations Contact Darren Bankston (678) 455-3696 darren*piedmontir.com
Strategic Growth International Investor Relations Contact Richard Cooper (212) 838-1444 rcooper*sgi-ir.com
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IFSL (.0004) Signs a 74 Million Dollar Exclusive Real Estate Contract
PrimeZone "PrimeZone "
ST. GEORGE, Utah, Jan. 16, 2007 (PRIME NEWSWIRE) -- Ideal Financial Solutions, Inc. (Pink Sheets:IFSL) announced today the signing of an exclusive real estate contract with J&D Ash, LLC, developer of the Ashland Park (P.U.D.) Planned Unit Development and Timber Valley Construction, LLC located in Traverse City Michigan.
Under the terms of the agreement, IFSL will provide to their clients an opportunity to purchase on an exclusive basis all single family homes, town homes, timeshares and commercial buildings built by Timber Valley Construction in the Ashland Park Development with a substantial discount below appraised value. IFSL will provide their clients an opportunity to convert their equity into cash through a unique partnership between IFSL and the client. The total projected retail value of the project is estimated to be over $74 million.
"We have been working on this agreement for months and we are excited to be working with J&D Ash, LLC and Michael Ufer with Timber Valley Construction. We are equally excited to be able to offer our clients the opportunity to invest in a brand new quality custom home in a fabulous area with substantial equity and/or cash at closing," said Steven Sunyich, IFSL CEO. "On this program IFSL will partner with our clients on the purchase of these custom homes. The partnership invests the equity and uses the proceeds to help offset the cost of the mortgage. The partnership will have the option to resell the home with an extremely attractive financing program available also to those with less than perfect credit. The net result is positive cash flow for the partnership and both IFSL and its client," said Sunyich.
"Phase I is underway and we have a number of IFSL investors in the pipeline. We expect construction to begin in the next few weeks," said Michael Ufer, Timber Valley Construction's President. "From everything I've learned about Ideal Financial Solutions program, it will offer investors a way to purchase real estate, build their net worth and create positive cash flow all at the same time. The concept is simply amazing," said Ufer.
For a complete financial portfolio on this new and exciting opportunity, please contact: Ideal Financial Solutions, Inc. for more information on building your dreams for retirement.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
CONTACT: Ideal Financial Solutions Inc. Paul Currie 435-628-3201 ext. 307 ir*idealfsi.com www.idealfsi.com
Timber Valley Construction Michael Ufer timbervalley*charterinternet.com
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PRTH (.18) Acquires Xpress Your Cell USA, LLC and Enters U.S. Market
Market Wire "US Press Releases "
FT. LAUDERDALE, FL -- (MARKET WIRE) -- 01/16/07 -- Prime Time Group Inc., (PINKSHEETS: PRTH) is pleased to announce that it will now begin its U.S. market expansion with the acquisition of Xpress Your Cell USA, LLC.
"We are very pleased with the acquisition of Xpress Your Cell USA, LLC in Phoenix, Arizona," stated Troy Metz, President. "This acquisition allows us to establish a retail base in the United States in one of the fastest and most dynamic cities in the country."
Metz stated, "I am pleased to announce the first of a number of acquisitions that our shareholders and consumers can expect from us in the coming months as we grow our retail base in Canada, the United States and hopefully markets beyond these borders. To my knowledge we will be one of the first companies to sell and highlight Virgin Mobile products in select markets both in Canada and the United States."
"We recently received authorization from our master dealer Brightpoint, Inc. to retail both Sprint and Virgin Mobile in the Arizona markets with the intent to grow through numerous states and it is an incredible opportunity for us. Since our affiliation with Virgin Mobile Canada and its Mini-Store concept, we now have the opportunity to be associated with one of North America's largest wireless carriers and successfully replicate our business model," stated Metz.
Brightpoint is one of North America's largest master dealers and will provide Prime Time Group and its consumers such product lines as Sprint, Virgin Mobile, Disney Mobile, Boost and Vonage.
"With our experience in this industry and wireless operational expertise, working with Brightpoint's proficiency in product distribution, carrier relations and customer service, we are certain to be one of North America's leading wireless company's in the very near future," says Metz.
About Xpress Your Cell
Xpress Your Cell is a retail and wholesale wireless operation focused on providing phones and plans through a number of carriers including T-Mobile and Fido, as well as, accessories from a wide range of suppliers.
ABOUT PRIME TIME GROUP INC.
Robinson Wireless is a forward-thinking company that focuses on wireless products and services for today's youth market. By using retail, wholesale and internet delivery channels, the company has found unique ways to deliver the phones, accessories, mobile media and mobile games that are desired by a growing marketplace. In doing so, it has established relationships with carriers such as Virgin Mobile, Fido, Sprint, as well as its own line of products such as Cherry Red Accessories, and a content and e-commerce division is online and will be announced shortly.
Robinson Wireless/ Prime Time Group Inc. is currently investigating growth opportunities in Australia, Latin America, the Caribbean, Puerto Rico and the Dominican Republic as well as the developing markets in Asia.
PR7 Inc. operates 14 7-Eleven convenience stores in San Juan, Puerto Rico. Prime Time maintains its interest in PR7 Inc. Armando Del Valle was appointed President of the company in late June of 2006 and was chartered to maximize profitability and position the company for expansion. The profitability goals are about to be reached in December 2007 and the company has identified 3 locations for expansion in early 2007. By the end of 2007 the company hopes to conclude the first phase of expansion and intends to have in excess of 25 stores.
Legal Notice Regarding Forward-Looking Statements
The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from acquisitions or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
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SMTR (.0385) DaimlerChrysler Commercial Buses Plans to Offer SmarTire Tire Pressure Monitoring System for its Setra Motorcoaches
PR Newswire "US Press Releases "
RICHMOND, British Columbia, Jan. 16 /PRNewswire-FirstCall/ -- DaimlerChrysler Commercial Buses North America announced today its planned partnership with SmarTire Systems Inc. (OTC Bulletin Board: SMTR) to supply tire pressure and temperature monitoring systems (TPMS) as a product upgrade.
"Our customers are continually looking for ways to optimize the efficiency of their coaches and the addition of the SmarTire System will provide operators with yet another value added benefit on the S 417," said Tom Chezem, vice president of new motorcoach sales of DaimlerChrysler Commercial Buses North America.
The SmartWave TPMS improves vehicle safety and performance by providing drivers and fleet managers real-time tire pressure and temperature information while their vehicles are in motion. Fleet owners can realize improved operational efficiencies in the area of fuel and tire cost savings as well as increasing driver and passenger safety through early reporting of tire related problems.
"The industry is beginning to recognize the value of the TPMS system and DaimlerChrysler Commercial Buses is just one of a number of new prominent customers that we expect to announce in our current fiscal year," said Dave Warkentin, president and CEO of SmarTire. "We are extremely excited to add Setra motorcoach brand to our growing list of manufacturers that provide SmartWave(TM) TPMS systems to the commercial vehicle market."
About DaimlerChrysler Commercial Buses North America
DaimlerChrysler Commercial Buses North America (DCCBNA), headquartered in Greensboro, N.C., combines three trusted commercial bus brands under one corporate structure: Orion transit buses, Setra motorcoaches, and the Dodge Sprinter shuttle bus. Backed by the advanced technological expertise and financial strength of its parent DaimlerChrysler, the global leader in commercial vehicles, the division provides the commercial bus market with a powerful combination of product knowledge, resources, and service/support systems. For more information about DCCBNA please visit: www.dcbusna.com.
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.
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 D.P. Martin and Associates at (561) 514-0194 or e-mail info*dpmartin.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 DaimlerChrysler Commercial Buses North America and SmarTire agreeing to mutually acceptable terms and conditions governing their planned partnership, SmarTire's ability to obtain additional financing and to continue as a going concern, 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, acceptance of SmarTire's products by prominent customers, 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.
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