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FVRD (.35) Receives $57.5 Million Independent Fair Market Valuation
Market Wire "US Press Releases "
WEST LAFYETTE, IN -- (MARKET WIRE) -- 12/18/06 -- FAVORED® Inc. (PINKSHEETS: FVRD) is pleased to announce that the Company has been evaluated by an independent valuation firm, AgriCapital, LLC, an accredited NASD Dealer, and has received a Fair Market Value of $57.5 Million as of March 10, 2006.
The purpose of this valuation was to provide an opinion of Fair Market Value for audit requirements for our registration filing with Securities & Exchange Commission. Initially, due to contractual constraints, copies of the valuation report will only be available to the independent certified auditors.
The valuation was based on several key factors to include (i) public market comparable analysis, which involved analyzing market multiples of publicly traded companies that possess similar business risks and returns; and (ii) a discounted cash flow analysis, which involved developing future cash flow projections and determining their present value.
"The valuation process took some time and we're pleased that the number reflects the true value of FAVORED® Inc.," stated Dr. Claude Page, CEO of FAVORED® Inc.
About AgriCapital, LLC
AgriCapital Corporation was founded in 1983 as a specialized firm to meet the acute and increasingly specialized investment banking demands of a rapidly changing agribusiness industry. Since their founding, we have undertaken over 400 assignments on behalf of some 300 large and small companies across the spectrum of agribusiness in the United States and around the world. To learn more about AgriCapital visit their website at www.agricapital.com
About FAVORED® Inc.
The all natural FAVORED® System delivers food products that carry the assurance of being completely traceable from origin to consumer (from "seed to plate"). Its patent pending system focuses on those traits that today's consumers desire; products free from growth hormones and antibiotics and produced with non-genetically modified feed rations.
FAVORED® Inc. therefore participates in a market segment that represents approximately 33% of the U.S. population. In fact, sales to consumers who demand natural/organic foods now exceed US $30 billion each year.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions.
Contact information: Peter George fvrdIR*favoredgrain.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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SoftNet Technology Reports Record November, Positioned Well for December and 2007
ISELIN, N.J., Dec. 18, 2006 (PRIME NEWSWIRE) -- SoftNet Technology Corp. (OTCBB:STTC) (German WKN: A0B7RZ) is pleased to report record sales for the month of November. The Company reported revenue of $740,000 for the month.
"November was a very strong month for SoftNet with sales gains realized most notably in the SMB channel and the Telecom and Data Storage Practices. We anticipate the momentum built beginning in October will carry us through December, traditionally a soft month, and into the New Year. The increase in revenue, and leveraging of SG&A expense, further closed the gap in our drive to achieve profitability. The increase in business is sustainable and, with the completion of the PeriNet Technologies acquisition, we feel the Company is poised for a solid 2007," said Jim Booth, CEO.
"The SMB channel achieved record revenues based on the increased sales realized from a pilot program in the Atlanta region with a national, premiere electronics retailer. The close rate for recurring revenue resulting from these sales continues to grow. Over the next few weeks we will be finalizing plans to expand the SoftNet product and services offerings beyond the pilot market with this partner," reported Steve Henry, Vice President.
The Storage and Telecom practices continued to report gains with the addition of new clients in the Dallas, Philadelphia and NY markets, as well as across the U.S., with the Company's existing national partners, T-Mobile and Network Appliance.
"While we have been optimistic on 2007 we feel it has the potential to be a record-breaking year. The actions we have taken recently to increase sales, including the addition of a strong IT Security practice, and strengthening our internal Data Storage technical expertise, has already added increased revenue this month with a future sales pipeline that continues to grow beyond expectations. Our first goal, however, is profitability and our sales efforts are focused on this all important objective, coupled with internal cost containment efforts," reported Jim Booth, CEO.
Please visit our website at http://www.softnettechnology.com for more information or for Investor Relations, please contact the company directly at 908-212-1799, James Booth-CEO.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by SoftNet Technology Corp. (STTC) may differ materially from these statements due to a number of factors. STTC assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
CONTACT: SoftNet Technology Corp. (908) 212-1799
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Offering of 4.2 Million Shares, Adjusted for a 20-for-1 Reverse Split, Is Targeted Primarily to Completing New Large-Scale Organic Feed Mill and Processing Plant
SEATTLE, WA, Dec 18, 2006 (MARKET WIRE via COMTEX News Network) -- HQ Sustainable Maritime Industries, Inc. (HQ) (OTCBB: HQSM), a leader in toxin-free integrated aquaculture and aquatic product processing, today filed an SB-2 registration statement for an offering of 4.2 million shares of the Company's common stock, adjusted for a 20-for-1 reverse split, at a price to be determined.
As described in the registration statement, the intended uses of the proceeds are as follows: (1) approximately $12 million to construct a new large-scale organic feed mill and a processing plant, which is located in Hainan Province, China; (2) repay the balance of the convertible secured promissory note outstanding, and (3) the remaining proceeds to be used for general corporate purposes, including working capital.
HQ produces toxin-free tilapia products and has developed a farming system that avoids the use of antibiotics, hormones and other potentially toxic chemicals. HQ also produces marine bio and healthcare products addressing large markets in China. The processing plant for these products also produces tilapia feed additives.
The underwriting of the offering is being led by Ladenburg Thalmann & Co. Inc. and Roth Capital Partners.
A registration statement relating to these shares of common stock has been filed with the Securities and Exchange Commission but has not yet become effective. These shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell, nor the solicitation of an offer to buy, HQSM common stock or any other securities, nor shall there be any sale of securities mentioned in this press release in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
A copy of the prospectus relating to the offered securities may be obtained, when available, from either Ladenburg Thalmann & Co. Inc., 153 East 53rd Street, 49th Floor, New York, New York 10022 or Roth Capital Partners, 24 Corporate Plaza Drive, Newport Beach, California 92660.
About HQ Sustainable Maritime Industries, Inc.
HQ Sustainable Maritime Industries, Inc. is an integrated aquaculture and aquatic product processing company, with operations based in the environmentally pristine island province of Hainan, in the South China Sea. HQ practices cooperative sustainable aquaculture, using nutraceutically enriched feeds and conducting fish processing and sales. The company is dedicated to sustainable toxin-free methods giving its customers the purest products possible. The Company holds HACCP certification from the U.S. FDA and the EU Code assignment of quality, permitting its products to be sold in these international markets. HQ owns a nutraceuticals and health products company, which is HACCP certified, and produces and sells products subject to stringent laboratory tests certified by the China Ministry of Health. HQ also produces nutraceuticals, which enrich feed used by HQ's cooperative aquaculture operations. In addition to headquarters in Seattle HQ has operational offices based in Haikou, Hainan. (http://www.hqfish.com).
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of HQ Sustainable Maritime Industries, Inc. (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."
Consulting For Strategic Growth I, Ltd. ("CFSG") provides HQ Sustainable Maritime Industries, Inc. (HQ) with consulting, business advisory, investor relations, public relations and corporate development services, for which CFSG receives a fixed monthly fee for the duration of the agreement. Independent of CFSG's receipt of cash compensation from HQ, CFSG may choose to purchase the common stock of the company and thereafter sell those shares at any time it deems appropriate to do so.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-NeoMedia Technologies: NeoMedia's qode to be introduced in U.K. by News Group Newspapers 12/18/2006
Dec 18, 2006 (M2 PRESSWIRE via COMTEX News Network) -- FORT MYERS, Fla., and LONDON - NeoMedia Technologies, Inc. (OTC BB: NEOM), an innovator in market-driven technologies, today announced that it was partnering with News Group Newspapers (NGN), and its market-leading Sunday newspaper, the News of the World (www.newsoftheworld.co.uk), to introduce its patentedqode direct-to-mobile-web technology (www.qode.com) in the U.K.
Charles W. Fritz, founder, chairman and interim CEO of NeoMedia, said that the qode introduction was announced by Mike Anderson, managing director of News Group Newspapers to Media Week magazine in London earlier this week.
"Effectively, qode is the same thing as the interactive red button on the television, but in a newspaper," Mr. Anderson said, referring to the interactive service on NewsCorp's BSkyB satellite TV. "NGN is keen to develop mobile as a digital distribution method. This is all part of News Group changing from a newspaper company to a media company," he said.
Mr. Anderson added that the News of the World -- with a readership of 8.2 million (source: National Readership Survey of Great Britain, January-July 2006) -- will use qode mainly to bring TV clips of English Premier League football (soccer) to its readers via their cell phones over the Mobile Internet, as News Group has won the rights to broadcast league games to mobile phones in a joint bid with BSkyB. He said qode technology could also be used by News of the World advertisers to offer readers discount vouchers, or additional product information via their handsets.
`qode is Brilliant'
"qode is brilliant," said Mr. Anderson, "in allowing readers to bypass Web addresses or search engines and go straight to the Mobile Internet." He observed that although the software is not yet pre-embedded in mobile phones and must be downloaded, his hope is that "in the future, it should be pre-embedded." News of the World readers will be instructed how to get free over-the-air downloads of qode mobile software, either by entering http://get.qode.com in their handset's browser, or by texting to a shortcode for the link to the qode download mobile website.
`First Step, Big Step'
"This is a first step and a big step for NeoMedia and our vision for qode," Mr. Fritz said. "NGN comprises two of the most-read English-language newspapers in the world, and is renowned for innovation. NeoMedia is understandably delighted to be partnering with News Group on this introduction of qode, especially with our recently announced plans and actions to refocus our corporate resources on qode," he said.
NeoMedia's patented qode technology is an easy-to-use set of applications - qode reader and qode window - which provide One Click to Content connectivity for products, print, packaging and other physical objects to link directly to specific desired content on the Mobile Internet. qode reader works with camera phones, letting users "click" on two-dimensional "smart codes" to access the Mobile Web site to which the code is linked, while qode window lets users reach the same destination by entering a keyword, slogan, or product barcode number.
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com), is a diversified global company offering leading edge, technologically advanced products and solutions for companies and consumers, built upon its solid family of patented products and processes, and management experience and expertise. Its NeoMedia Mobile group of companies offers end-to-end mobile enterprise and mobile marketing solutions through its flagship qode direct-to-mobile-web technology and ground-breaking products and services from four of the leading mobile marketing providers in the U.S. and Europe. By linking consumers and companies to the interactive electronic world, NeoMedia delivers one-to-one, permission-based, personalized and profiled dialogue -- anytime and anywhere.
This press release contains 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. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
qode is a registered trademark, and qode reader, qode window and One Click to Content are trademarks of NeoMedia Technologies, Inc. Other trademarks are properties of their respective owners.
CONTACT: Charles W. Fritz, NeoMedia Technologies, Inc. Tel: +1 239 337 3434 e-mail: cfritz*neom.com David A. Kaminer, The Kaminer Group Tel: +1 914 684 1934 e-mail: dkaminer*kamgrp.com Juliet Bernard, Bluebear Tel: +44 (0)1707 320274 e-mail: juliet*bluebear.co.uk
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Genethera to offer DNA identification workshops in their Colorado laboratory 12/18/2006
Wheat Ridge, CO, Dec 18, 2006 (M2 PRESSWIRE via COMTEX News Network) -- GeneThera, Inc. (OTCBB: GTHA) is pleased to announce that they will be offering workshops for individuals interested in learning the theory and methodology behind CODIS-based human DNA identification, the basis of paternity and forensic casework. Different levels of courses for non-scientists and scientists (towards continuing education credits) will be available with different levels of technical information presented. Both types of courses will utilize buccal cell swab samples from individuals who will perform laboratory exercises to extract DNA, amplify by PCR and detect STR targets by capillary electrophoresis. All procedures are kit-based with very well-established protocols to allow individuals to obtain their own CODIS DNA profiles, along with associated lectures. Lectures and laboratory work for these sessions will be directed and taught by scientists with extensive experience in this molecular biology application.
Commenting on these new workshop offerings, Dr. Tony Milici said, "This is a great way for GeneThera to fill up the excess capacity we have in our lab. Since our testing procedures for our Mad Cow and Chronic Wasting Disease test are highly automated and use sophisticated robotic equipment, much of the lab space goes unused. These workshops will be a nice way to not only allow scientists to learn by lecture the newest methods behind CODIS-based human identification, but also allow for hands-on exercises using our laboratory equipment. The equipment used by all individuals taking the workshops include equipment for molecular amplification and detection of STR polymorphisms, DNA swab collection kits and shipping packets, nucleic acid isolation kits, fluorescently labeled primer/probe sets, thermal cyclers, ABI sequence detection/analysis systems for capillary electrophoresis and real-time PCR for DNA quantitation."
GeneThera estimates that the company will start these workshops in the first quarter of 2007 with each course lasting 2 - 3 days at a cost of approximately $1000 per person. They estimate demand for this course in Colorado will generate approximately $40,000 per month to the Company. Individuals or organizations interested in participating in these 2007 DNA Identification workshops are encouraged to inquire about availability, scheduling and rates directly with GeneThera.
About GeneThera, Inc.
GeneThera, Inc. is a molecular biotechnology company located in Wheat Ridge, CO. The Company provides genetic diagnostic solutions for the veterinary and agricultural industries with future plans to include the health-care industry. The Company's proprietary diagnostic solution is based on a genetic expression assay, GEA, a protocol designed to function on a highly automated Fluorogenic PCR platform. This platform enables GeneThera to offer tests that are presently not available from other technologies. The GEA is designed for a host of individual diseases, the current priority being Mad Cow Disease, Chronic Wasting Disease, a disease affecting elk and deer in North America; E.Coli 0157:H7 and Johne's Disease, diseases affecting cattle worldwide.
Stay up to date with *** NewsWire "NEWS YOU CAN TRUST" at www.***.com
CONTACT: Market News First Tel: +1 214 461 3400 WWW: http://www.***.com Dr. Tony Milici, GeneThera, Inc. Tel: +1 303 463 6371 WWW: http://www.genethera.net Angela Junell, *** NewsWire Tel: +1 214 461 3411 e-mail: ajunell****.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Precomm Signs Agreement With nFinanSe to Distribute Discover Network Prepaid Cards 12/18/2006
BRADENTON, Fla., Dec 18, 2006 (*********wire via COMTEX News Network) -- nFinanSe Inc. (OTCBB:MBEU), which recently changed its name from Morgan Beaumont, Inc., today announced that it has signed an agreement to provide Discover(r) Network Prepaid Cards to Precomm, a prepaid industry leader with a proprietary network of POS (electronic point-of-sale) devices throughout the United States.
Manan Mehta, CEO of Precomm Inc., said, "Precomm is very excited with this strategic partnership with nFinanSe which will enable our merchants to sell Discover(r) Network branded gift and stored value card products and help them to generate more revenues through their existing POS terminal. This collaborative relationship will allow Precomm, Inc. to offer nFinanSe's next generation of stored value products to its burgeoning and eminent client base."
Jerry Uffner, nFinanSe's Senior Vice President of Sales, said, "We believe our instant issue Discover(r) Network products are a great complement to Precomm's existing prepaid products. We believe the gift cards will help Precomm retailers take advantage of the significant growth in gift card demand. We expect our general spend card product, with low fees and a low MSRP, will continue to put Precomm on the forefront of the prepaid category."
Scheduled to launch in early 2007, nFinanSe will be providing Precomm with a variety of Discover(r) Network reloadable general spend cards and gift cards to distribute to their merchants across the United States.
About Precomm
Precomm Inc. is an industry leader in Point Of Sale (POS) technology and distribution and has been maintaining its secure proprietary network of devices. Precomm is a large, established and profitable player in the prepaid industry, and we are in a unique position to aggressively offer an end-to-end turn-key POS solution that is stable, reliable, secure and simple. Precomm's electronic distribution method presents retailers with a unique combination of unlimited supply coupled with no inventory costs. Retailers welcome the opportunity to sell prepaid card products with no risks or inventory costs. Precomm's state-of-the-art electronic distribution system features multi functional services and host to host capabilities with third party system, which differentiate us from other POS providers in the marketplace. For more information please visit http://www.pre-comm.com.
About Discover Financial Services LLC
Discover Financial Services LLC, a business unit of Morgan Stanley, operates Discover Card with more than 50 million card members, and the Discover(r) Network, with more than 4 million merchant and cash access locations. Discover Financial Services also operates the PULSE ATM/debit network, which serves over 4,200 financial institutions and includes almost 250,000 ATMs and approximately 3.4 million POS terminals. For more information please visit http://www.discovercard.com,http://www.discovernetwork.com or http://www.pulse-eft.com.
About nFinanSe Inc.
nFinanSe Inc. is an innovative financial services company and provider of stored value and prepaid card solutions headquartered in Bradenton, Florida. nFinanSe has developed the nFinanSe Network, a secure, reliable, point of sale (POS) and PC-based software platform that connects retail merchants with multiple stored value prepaid card processors and issuing banks. nFinanSe owns and operates the nFinanSe Network as a standardized, national network of stored value and prepaid card cash load stations located throughout the United States.
"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995
In addition to historical facts or statements of current condition, this press release contains forward-looking statements within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the scheduled launch for the referenced program nFinanSe's expectations regarding the impact of the referenced program on the expansion of nFinanSe's business. Forward-looking statements are derived from nFinanSe's current expectations or forecasts regarding future events. nFinanSe's results could differ materially from those reflected in the forward-looking statements due to delays or changes in the launch plan; acceptance of nFinanSe's product in the marketplace; general economic and market conditions, including the lingering effects of the economic slowdown and services revenue; the overall condition of the bank card industry, including the effect of any further consolidation among financial services firms; the regulatory, credit and market risks associated with nFinanSe's operations; the timing and magnitude of sales; the timing and scope of technological advances; and the ability to retain and attract customers and key personnel. For a discussion of these and other risks and uncertainties that may affect the forward-looking statements, please see the risk factors included in nFinanSe's Annual Report on Form 10-K for the year ended September 30, 2005 on file with the Securities and Exchange Commission. Given these risks and uncertainties, the forward-looking statements may prove to be incorrect. Therefore, you should not rely on any forward-looking statements. nFinanSe undertakes no obligation to update publicly any forward-looking statements.
nFinanSe Inc. Clare J. Morgan, Vice President, Marketing 941-753-2875
(C) Copyright 2006 *********wire, Inc. All rights reserved.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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NEW YORK, Dec 18, 2006 (BUSINESS WIRE) -- Universal Express Inc. (OTCBB: USXP), announced today it has scheduled a webcast to report on Middle East funding agreements. In addition, upcoming acquisitions and the Jackson Family Memorabilia collection auction will be discussed.
A formal link to this event will be released this week before the actual webcast that will be held on Friday, December 22, 2006 at 11:00 AM EST. This event will only cover fundings, acquisitions and the upcoming auction.
About Universal Express
Universal Express, Inc. is a 22 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: Universal Express Inc.
Universal Express, Inc. Mark Falk, 561-367-6177 publicrelations*usxp.com
Copyright Business Wire 2006
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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OrderPro Logistics Completes AWA Acquisition; TransMex Division Expands Container Yard Business Monday December 18, 7:30 am ET
TUCSON, Ariz., Dec. 18, 2006 (PRIME NEWSWIRE) -- OrderPro Logistics, Inc. (Other OTC:OPLO.PK - News) today announced that it has completed its acquisition of a 45% interest in All Win Alliance, Inc., (AWA). Among its technology services, All Win Alliance provides on-site computer networking sales and services, website hosting and design, high speed internet access, and application hosting to B2B (Business to Business) customers nationwide. Separately, OrderPro announced that due to increased demand from existing customers, it is expanding its container yard operations at its Illinois facility, and exploring additional stockyard services.
Jeffrey Smuda, CEO of OrderPro Logistics, states, ``We are pleased to conclude this acquisition, and we now expect to rapidly take advantage of cross selling opportunities amongst our logistics and technology subsidiaries. The positive endorsement by our container yard customers validates our capabilities as we begin our marketing efforts. We will continue to offer increased capabilities to our existing customers. We look forward to this integration of our business units accelerating our growth into higher margin opportunities.''
About OrderPro Logistics, Inc.
OrderPro Logistics Inc. is dedicated to capturing the potential of the transportation and logistics industry by employing new and innovative processes and technologies. OrderPro Logistics, Inc. can integrate every aspect of customer logistical needs from order entry through successful delivery. Customer priorities, shipment integrity, best quality, and optimization of every load is the objective of supply chain management with OrderPro Logistics, Inc. lowering costs while adding value in process and expanding service options.
Forward-Looking Statements: This release contains 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. All forward-looking statements are inherently uncertain as they are based on current expectations and are subject to numerous known and unknown risks and uncertainties, which could cause the company's actual results to differ materially from those as indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements and should review the company's SEC filings.
Contact: OrderPro Logistics, Inc. Gary Patterson (916) 965-6439 garyp*orderprologistics.com www.orderprologistics.com
CyberTel Capital Corp. Signs Letter of Intent to Acquire Telecom Business, Company Sees Strong Growth Potential in Billing and Platform Management Services 12/19/2006 9:00:00 AM SAN DIEGO, Dec 19, 2006 /PRNewswire-FirstCall via COMTEX/ -- CyberTel Capital Corp. ( CBCL ), today announced that it has signed a nonbinding letter of intent to acquire the switching and billing business from Global Vision Telecom, Inc. ("GVT"). GVT was started by telecom veterans to provide an improved platform for managing long distance and other types of calling services. The letter of intent proposes an acquisition of the contracts and other assets of GVT in exchange for preferred stock in CBCL. In return CBCL will make a commitment to funding the development, marketing and operations of the new subsidiary. The Parties to the LOI have 60 days by which to do their due diligence before executing a final agreement.
Stated James Wheeler, CEO of CyberTel, "We are excited about this acquisition as we will be acquiring contracts that are based on new technology, engineered and managed by some of the most successful people in the business. This transaction would bring immediate revenue into CyberTel and give us a new direction which I believe could grow rapidly and allow us to play a major role in the billing and platform management services industry."
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of CBCL officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future CBCL actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and CBCL has no specific intention to update these statements.
SOURCE CyberTel Capital Corp.
James Wheeler of CyberTel Capital Corp., +1-858-646-7410, info*cblcinc.com
Posts: 3228 | From: Michigan | Registered: Aug 2005
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COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
AuGRID to Launch Stock Buy Back in 2007
VINELAND, N.J., Dec 19, 2006 (*********wire via COMTEX) -- To all public concerns, it is the very serious intention of AuGRID Global Holdings Corporation ("AGHC") (Pink Sheets:AUGC) to complete at least one of the aforementioned acquisitions in our previous press releases. What AuGRID has been very carefully planning is a stock buyback program to retire 4 billion shares during the first three quarters of 2007. Our strategy is simple. AGHC is in the process of acquiring firms that have revenues, history and profits. It is out of these revenues and profits that AGHC intends to acquire a portion of the float and retire the stock back to treasury. It is in the managements' analysis, and that of our advisors, that a float this size is counterproductive to the growth after a completed acquisition. The capitalization table should be reigned in through a stock buyback program. Forward Looking Statement:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding AuGRID Corporation in this release that are not historical in nature, particularly those that utilize terminology such as "may," "should," "likely," "expects," "anticipates," "estimates," "believes" or "plans," or comparable terminology, are forward-looking statements based on current expectations about future events, which AuGRID Corporation has derived from the information currently available to it. These forward-looking statements involve known and unknown risks and uncertainties that may cause our results to be materially different from results implied in such forward-looking statements. Important factors known to AuGRID Corporation that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in AuGRID Corporation's filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and AuGRID Corporation undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
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RMDG (.0005) Reflects On 2006 Success and Outlines Building Blocks for Fiscal 2007
PrimeZone "PrimeZone "
PHILADELPHIA, Dec. 19, 2006 (PRIME NEWSWIRE) -- RMD Entertainment Group (Pink Sheets:RMDG) releases shareholder letter from CEO.
It is a pleasure to address the shareholders in my first end of year letter to detail the current state-of-the corporation for RMD Entertainment Group.
My ultimate intent for this letter is to ease frustration with the share price and perhaps, suggest that the current share price is an anomaly rather than cause for concern.
It has been a very busy year for my staff and me. Through our hard work and will to succeed we have been able to see the company successfully complete a total management transition, complete a company turnaround, and facilitate an absolute change in business focus.
Once we completed the aforementioned tasks, we then had to answer the challenge of assembling a competitive catalogue, planning our release schedule, working with our distributors to get our products in stores and on digital retail points of purchase, and promoting our products to the public.
I will say unequivocally, that we have successfully met and completed each of the responsibilities that were presented to us in less than 12 months! In laymen's terms, we have built a significant company from nothing in one year. Each day of the year we built the company's foundation up in a sensible strategic manner. Management remained committed to staying the course on our strategic plan and it paid off handsomely. We now have a living, functioning company that has a global reach for its extensive urban media catalogue and music releases. It makes me feel very proud to say RMDG is poised for success for many years to come.
I would now like to detail our progress in key areas of the corporation and then follow that with a look at 2007.
1. Paying Debt left From Sciax Regime
When the current management team took the reigns of RMDG over we were immediately charged with the chore of "cleaning up" the almost overwhelming debt left behind from the former regime. We immediately restructured the capitol of the company and paid off significant debts, adding up to hundreds of thousands of dollars. In my estimation, we have paid off over 75 to 80 percent of RMDG debts and fully expect to have all outstanding obligations paid in full by the end of 2007 without putting a major strain on the working capitol of the company.
2. Music and Video Catalogue Assembly for 2007
In 2006 RMDG acquired the rights to the following content for sale and distribution globally.
1. Roc Monee (Three Albums) 2. Big Kuntree (Three Albums) 3. Texas Beach Party feat Mike Jones and Chamillionaire 4. Blockstar DVD (4 Times a Year) 5. Rayshon (Sul Sol Entertainment) 6. Big John (Sul Sol Entertainment) 7. Heff (Sul Sol Entertainment) 8. Pickwick Group *see below 9. RHN **see below
Notes --
* We announced previously that we were in the final stages of discussion for distributing key catalogue titles in the North American market for the Pickwick Group. This unexpected delay in execution is in no way alarming. I have been in communication with Pickwick Executive George Ebenezer this week and we both expressed an interest in completing the deal soon so we can slate some space for them in our North American schedule 2007.
** In 2006, RMDG signed an agreement to redistribute and rebroadcast the live signal and content of The Real Hip Hop Network (RHN) on mobile phones and PDAs through RMDG subsidiary MOTV, Inc. Both companies expect this to be up and running in the first quarter of 2007 notwithstanding any unforeseen technical issues.
3. Initial Music Product Launch on Digital Platform
RMDG artist Roc Monee's debut album "Diamond in the Rough" was our first music release launched on our global digital music/ring-tone distribution platform with encouraging results. Our first single release off of the album was picked up by over 60 digital retailers world wide and we sold over 5000 downloads in the first 30 days with minimal promotion. (There were too many companies to name here but a full list is available by request from Mark Davis, email md*rmd-entertainment.com). This feedback was very encouraging for us. It has been our feeling that RMDG will eventually make more revenue from our vast digital partners than we will in the traditional brick and mortar retail outlets where we sell traditional compact discs.
4. Initial Music Product Launch in Bricks and Mortar Platform
While we were encouraged by the digital platform music launch of "Diamond in the Rough" we also recognize the importance of the Bricks and Mortar platform as well. Traditionally, this has been the main vein of revenue through the years for all record labels and we still see this as roughly half of our revenue from music content sales. We faced several major hurdles when it came to Roc's debut album release in stores. First, we released the album in the fourth quarter which is traditionally the most competitive time of the year when it comes to retail chain space on racks for product. Second, he is a brand new artist so we had to bang our own doors down so to speak.
When the album was released in North America via Bungalo/Universal the retailers purchased a very limited quantity for stores to have on hand and a larger quantity to keep for retail sales within their online stores. When Roc began getting substantial sales numbers online and selling out the limited initial orders that were shipped in stores the ordering cycle changed and became more aggressive. At this point I wanted to make sure that RMDG could forge a mutually productive relationship directly with the retail chains instead of counting on our distributor, Universal Music (by way of Bungalo Records), who is the largest music company on the planet, doing it for us. I immediately employed someone to call all the retail outlet stores of chains that are serviced by our distributor to check on orders by each location and build a relationship on the store manager level that would translate into more orders. We then passed the information back to the distributor and things began to change for the better. Stores that ordered 5 copies began ordering 20 copies and companies like Trans World (FYE and Coconuts) began national awareness programs for the album and began carrying it in almost every store. We are now working closely with Coconuts, FYE, and most recently Borders on Roc's album and continue to build an impressive relationship that we feel will be invaluable for us with each impressive national chain. I made the decision to begin the advertising schedule for radio and cable for Roc's album right after Christmas. In store appearances and promotional tours had to follow suit as well. The decision was strictly based on economics. It would have cost the company approximately 10 to 15 times the amount of money to do the same promotion during the holiday season than it will beginning on December 26th. Consequently, we made the decision to do major adds to radio rotation in key markets at the same time.
In order to maximize the revenue streams of the Bricks and Mortar platform we needed to have CDs in stock at stores, advertising on radio and TV, Roc in stores and in concert, and radio and video airplay. We have everything in place now for a large radio push in major markets to coincide with our advertising on radio and television in key markets. Fred Rollins has recently met with a top three concert and tour promoter specializing in Hip-Hop that is very interested in doing the bookings for Roc on an exclusive basis. This company has worked with the likes of the Ying Yang Twins and Funk Master Flex.
We feel confident that we have deployed an aggressive program for the Brick and Mortar platform and have employed the skills of the top radio promotion, street promotion, and radio advertising professionals in the industry. Each has had numerous successes in their careers and a proven track record.
While the music buying public can be fickle, we have received indications that we will be more than satisfied with the revenue yield from this album and remain encouraged about our 6 upcoming titles in 2007. Look for a bi-weekly update on Roc's album right after the new-year via PR.
Our release schedule with Pickwick will begin in 2007. After consulting with Pickwick executives it was agreed that we should release Roc's album in Europe at the end of January/early February for the best chance at success. The general consensus was that we should position his album very carefully in that market because it has so much potential for financial success.
5. Initial Video Product Launch Google Video and MOTV, Inc.
RMDG has assembled what we think is one of the most prolific urban media video catalogues in existence. It is comprised of original content from RHN and our subsidiary MOTV, Inc. as well as current Hip-Hop videos and exclusive video interviews with the biggest stars in the industry courtesy of Blockstar DVD magazine and Hip-Hop 2Night with Jay Milla.
With an impressive catalogue in hand we searched out and found key distributors of Video content such as Google Video. We originally signed a content deal with Clayton Entertainment that allowed us to place our content on Google Video but I was not satisfied with the speed of their services in terms of uploading content to Google Video on our behalf. As a result, I cancelled our contract with Clayton Entertainment for non-performance and RMDG contracted directly with Google Video.
Within the last twenty days we have placed over 300 pieces of unique content on Google Video and YouTube under the MOTV and RMDG branding. RMDG content on YouTube has performed extremely well, being ranked in the top viewed category consistently since its launch just over a week ago. This is very encouraging as Google is finalizing its advertising program for content partners currently and is tentatively slated to begin selling advertising for each piece of content that is posted on its massive site that has over 350,000,000 unique visitors a day after the holiday season. In our deal terms, RMDG and Google will split all ad revenues generated by Google selling ads for each unique piece of content. AOL runs a similar program now and management is definitely targeting them as key partners in our video content business in 2007 as well. RMDG has been offered a content deal with AOL through a third party already but it is my preference to deal directly so that we can build the proper relationship. I am confident I will get that done.
The opportunity for advertising revenue for RMDG is limitless if we can position ourselves correctly within the digital world. Having our content available for view on Google Video and potentially through AOL very soon puts us at the front of the pack when it comes to realizing large scale ad revenue opportunities for the company from an on demand environment on the web. It is my goal to have RMDG subsidiary MOTV, Inc. become the premier leader in this new and exciting arena for business.
In addition to attracting advertising dollars from the vast digital content we are also exploring the opportunities to sell and license it for additional profit.
Currently, we entered into discussions with one of our key content aggregators to sell RMDG content on iTunes. These discussions have moved quite quickly. We have been asked to compile a sample grouping of content for review right after the holidays, at which time we will collectively determine what is the most effective way to sell and market content on iTunes. We appreciate our current relationship with iTunes and look forward to continued success with our expanding music catalogue and selling our video catalogue through their superior services as well.
Other opportunities are being explored directly with mobile carriers that we currently market and sell our music catalogue to. This list includes the who's who of cellular service -- T-Mobile, Verizon, Sprint, Telnor in Norway and Orange of the United Kingdom.
6. Mobile Broadcast of RHN through MOTV, Inc.
In working with some top executives and consultants on an overview of RMDG's initiatives, the mobile broadcast of RHN to cell phones and PDAs has caught a lot of attention. One person in the meeting remarked, "There is nothing more Hip-Hop than a cell phone." In one sense they were correct; in another they were mistaken. There is one thing more Hip-Hop than a cell phone and that is RHN itself. Put the two together and we have the ability to reach people all over the planet with content that reaches the hottest demographic on Madison Avenue -- the 18 to 34 Hip-Hop consumer.
This will be a pay subscription service that is compatible with every mobile carrier world wide. The only qualification for the subscriber is that they have a Windows Media, QuickTime, or Real Player installed on their device. The broadcast subscription service will be marketed to the over 33,000,000 viewers of RHN as of Jan 1st initially and other territories will follow. MOTV, Inc. broadcast is also compatible with laptops and PCs through traditional internet connections.
7. Closing Statements
As we close out this year and begin to compile the numbers from our sales from the end of August through December, I want you to truly understand how far we have come as a company in this short year's time. We have earned the right to compete in a 70 billion dollar a year industry. We have earned the right to sell our products around the world with over 60 distribution partners that are considered the best at what they do in their industry. We have earned the right to be trailblazers in urban media content delivery and will continue to exploit and blur the line between technology and hip-hop for substantial gains in revenue. And most importantly, we have earned the right to reap the harvest in 2007 that we have planted through our hard work and dedication to the company and the shareholders of RMDG. Building a foundation from nothing is not an easy thing to do but we have succeeded in building a machine that can and will manufacture the payoff we all deserve. Your support has not gone unnoticed by our management team at RMDG. We thank you all and look forward to an outstanding 2007. Happy Holidays and God Bless us all.
Sincerely, Giorgio C Costonis CEO RMDG "Where Hip Hop Meets Wall Street"
About RMD Entertainment Group
RMD Entertainment (RMD) is a cutting-edge entertainment company that is primarily focused on the development and international marketing of hip-hop' music, including compact discs, digital downloads, and personal ring tones for mobile phone customers, as well as other hip-hop lifestyle products. The Company has also created MOTV, the ability to stream video content to mobile devices, including cell phones and PDAs. The Company current possesses an impressive hip-hop catalogue, which it distributes exclusively through Bungalo Records and Universal Music Group (a subsidiary of Vivendi Universal) in North America and in Europe through the Pickwick Group Ltd. of London.
*** NewsWire Stephen Sandifer (214) 461-3418 Stephen****.com
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NWBD (.10) Announces Strategic Alliance with NewGen Technologies, LLC.
Business Wire "US Press Releases "
EUGENE, Ore.--(BUSINESS WIRE)--
New World Brands (OTCBB: NWBD), leading manufacturer and provider of premier VoIP solutions, has announced a strategic alliance between its IP Gear Connect services division and NewGen Technologies for the launch of the first of four innovative retail VoIP offerings. The test version of an unlimited-use, low-cost retail VoIP service from Jamaica to the US, Canada and the UK hits the market before the end of Q4, 2006. The venture with NewGen enables New World Brands' VoIP services division, IP Gear Connect, to extend its superior quality VoIP offering further into the expanding consumer marketplace.
New World Brands and NewGen are committed to situating VoIP in the hands of consumers using methods that follow the traditional sales model for retail calling products. As of early 2006, at least 73% of consumers that switched to VoIP were unaware of the technological shift, research firm In-Stat stated in a report predicting that in 2009, the number of worldwide VoIP subscribers will have grown to more than 55 million. Analyst firm Point Topic reports that VoIP subscribers increased 83% in 2005, from 10.3 million subscribers to 18.7 million subscribers worldwide.
There is a growing international need for niche retail VoIP programs that utilize quality connections over a lower-cost VoIP infrastructure. Interconnecting with the IP Gear Connect VoIP Network operated by New World Brands allows NewGen to deliver clear calls over high quality routes for a fixed subscriber price. IP Gear Connect, the New World Brands division dedicated to provisioning VoIP services, intends to use the program as the development template for future retail VoIP programs targeted to specific segments of the international market.
Duy Tran, Vice President of IP Gear Connect Carrier Services for New World Brands, says, "We are very excited about executing on the project with NewGen. Together we have developed a customized retail VoIP option that will be cost-effective, reliable and easy to use. NewGen's expertise in the locality will speed up our successful entry into the retail market."
Lowell Lawrence, Managing Director of NewGen, adds, "This range of retail VoIP brings a much needed diversity and value to the Jamaican technology landscape, assuring program success. Jamaica is the ideal market for these offerings and we are very pleased to share in this opportunity with IP Gear Connect."
About New World Brands
New World Brands modernizes IP technology through the integrated approach of its IP Gear and IP Gear Connect product and service divisions. New World Brands, operating as IP Gear, manufactures VoIP and cellular gateways designed to optimize IP telephony for retail, enterprise and service provider markets. The IP Gear Connect division of New World Brands offers wholesale voice and Internet services over the high-quality IP Gear Connect VoIP Network with connectivity to over 200 countries worldwide. Multiple synergies between its two operating divisions enable New World Brands to amalgamate unique VoIP product and service packages for ideal IP telephony solutions.
The IP Gear Connect division provides global, carrier-grade VoIP connectivity packages as well as select retail offerings. The IP Gear product division manufactures the distinguished IP Gear Claro and IP Gear Quasar Gateways Series. New World Brands sells VoIP solutions worldwide both directly and through a network of distributors and resellers.
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EQBM (.0085) Soma Petroleum Limited (SOMA) completes dividend and warrants for Equitable Mining Corp
PR Newswire "US Press Releases "
TORONTO, Dec. 19 /PRNewswire/ - Soma Petroleum Limited (SOMA) - (Frankfurt Stock Exchange: symbol SA1), announces the completion of the dividend and warrants payable to Equitable Mining Corp (EQUITABLE) (a resource company trading on Frankfurt Exchange: E5W and as EQBM on PinkSheets.com) shareholders with a record date December 15, 2006. The opening price is Euro 3.00.
The dividend will comprise of 1 common share of SOMA Petroleum Limited for every 50 shares of EQUITABLE owned by the holder, along with 1 warrant at $2.00US expiring on March 31st, 2007 and a second warrant at $3.00US expiring on June 15th, 2007 all subject to a four (4) month hold.
For further warrant instructions, please contact the Transfer Agent at (416) 363-1240.
About Soma Petroleum Limited
Soma Petroleum Limited (SOMA) is a Canadian registered corporation that has interests in oil and gas projects in the Horn of Africa and mine tailings project in Dalian, China. It has partnered with leading resources developers including Inter-Continental Petroleum Co. Ltd (ICPC), a China-based oil and gas exploration company. ICPC has an extensive international track record in oil and gas. www.somapetroleum.com
Information presented in this newsletter contain 'forward looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking statements.' Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as 'projects', 'foresee', 'expects'', 'will,' 'anticipates,' 'estimates,' 'believes,' 'understands' or that by statements indicating certain actions 'may,' 'could,' or 'might' occur.
SOURCE Soma Petroleum Limited
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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LOS ANGELES, CA -- (MARKET WIRE) -- 12/19/06 -- Barclay Road, Inc. (PINKSHEETS: BCYR) announced today that they have retained the accounting firm of Wiener, Goodman & Company, PC, CPAs located in New Jersey, as the Company's Independent Auditors.
One of the immediate goals of Barclay Road, Inc. is to complete an independent audit of its financial statements in order to complement the filings already posted with the Securities and Exchange Commission as a fully reporting issuer.
"One of our primary objectives is to bring Barclay Road to fully reporting status. Further, it is our intent to move forward with our sales and marketing plan for 2007 and develop strategic alliances in the entertainment, broadcasting and publishing sectors. These actions underline the commitment to build shareholder equity and confidence."
About Barclay Road
Lifetime Books is the imprint of Barclay Road, Inc. and is one of the leading trade book publishers in the United States. Our titles are listed with Barnes & Noble, Amazon and most other retail book establishments worldwide.
Established in 1998, Lifetime Books (www.barclayroad.com) has published over 1500 titles in 13 genres, featuring best-selling authors like Og Mandino, Robert Danzig, and many others.
Forward-looking Statements
Except for historical matters contained herein, the matters discussed in this press release are forward looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Barclay Road, Inc. and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are: Barclay Road, Inc.'s operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms; and those risks discussed in the Company's filings.
The Company would also like to welcome all new shareholders present or future to visit our website at www.BarclayRoad.com.
Contact Information: Investor Relations Barclay Road, Inc. 514 807 5245
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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ARSC (.048) Retains InnerShare for Shareholder and Stock Trading Analysis
Business Wire "US Press Releases "
HOUSTON--(BUSINESS WIRE)--
American Security Resources Corp. (OTCBB:ARSC) announced today that it has retained InnerShare (www.innershare.com), a specialist in shareholder analytics, to prepare a detailed profile of its shareholder base and to analyze its current and historic stock trading patterns.
Bob Farr, President of ARSC, said, "InnerShare will provide valuable information to enhance our investor information campaign beginning January and concluding in the spring. InnerShare's detailed investor tracking and analysis will allow us to focus on building the right kind of investor base and will also help identify any significant selling or inappropriate short positions."
This news release contains certain "forward-looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that the results will meet or exceed such expectations.
Source: American Security Resources Corporation
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PCLI (.11) TitleMatch Entertainment Enters Strategic Partnership With Bollywood Group(TM); Gains Access to $1.5 Billion Indian Film Market
Market Wire "US Press Releases "
COMMACK, NY -- (MARKET WIRE) -- 12/19/06 -- TitleMatch Entertainment Group, a subsidiary of Protocall Technologies Incorporated (OTCBB: PCLI), (www.protocall.com), a leading provider of DVD on-demand systems for retailers and etailers, today announced it has entered into a strategic partnership with the Bollywood Group Inc., which produces the Bollywood Movie, Music and Fashion Awards annually, to establish licensing agreements with top movie companies in the booming Bollywood film industry.
Movies from India are the number one grossing foreign film category in the U.S., with annual revenue estimated at $1.5 billion. The category, which is commonly referred to as Bollywood, is expected to grow 16% annually over the next five years -- bringing the market to over $3 billion.
"We see TitleMatch Entertainment and their on-demand systems as the future of film distribution and are thrilled to be associated with the company. As we expand the Bollywood Awards, we know that TitleMatch will be uniquely positioned to bring an ever-increasing number of these films to market around the world," stated Kamal Dandona, CEO & Chairman of the Bollywood Group.
Now in its ninth year, the Bollywood Group is often described around the world as the United Nations of entertainment. The company's prestigious annual Bollywood Awards ceremony is widely regarded as the Indian Oscars. Each year, the awards attract some of the biggest names in showbiz among them: Sharon Stone, Richard Gere and Tyra Banks. TitleMatch Entertainment will work with the Bollywood Group to make a wide range of Bollywood movies available through the TitleMatch DVD On-Demand system.
"We are excited to be working with Kamal Dandona. With his extensive knowledge and deep passion for the Bollywood industry, we look forward to learning from him and growing along with what we see as an incredibly dynamic market," said Syd Dufton, President of TitleMatch Entertainment. "We believe our TitleMatch system will enhance Bollywood films distribution reach both in the U.S. and around the world."
About Protocall Technologies
Protocall Technologies (www.protocall.com) Incorporated is the innovator of CD and DVD on-demand content distribution. Its flagship TitleMatch(TM) system allows retailers to burn brand name CD and DVD products at their stores and website distribution centers. The company's proprietary systems enable retailers to reduce their reliance on costly physical inventory, expand their selection of products, eliminate shrinkage and out-of-stock situations, speed time to market for new products and improve their operating margins with minimal space requirements.
This news release along with other investor information about Protocall Technologies is available at http://www.agoracom.com/IR/Protocall. To receive future news releases or request further information about Protocall Technologies, please email PCLI*agoracom.com.
The information contained in this news release, other than historical information, consists of forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those described in these statements. Forward-looking statements regarding the timing of developing, testing and releasing existing and new products, of marketing and selling them, of deriving revenues and profits from them, as well as the effects of those revenues and profits on the company's margins and financial position, are uncertain because many of the factors affecting the timing of those items are beyond the company's control.
This press release has been submitted to http://www.TOP10PressReleases.com for investors to vote on and help move into the TOP 10 of the day. Investors can locate the release by using the industry filter or searching by company name and/or stock symbol.
Left: Mr. Kamal Dandona, CEO & Chairman of the Bollywood Group shakes hands with Mr. Syd Dufton, President of TitleMatch Entertainment Group at the conclusion of the contract signing.
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