Senetek PLC (OTCBB: SNTKY), a life sciences product development company targeting the science of aging, announced results for the fourth quarter and year ended December 31, 2006.
Financial Highlights
Revenue for the year ended December 31, 2006 increased 44% to $8,431,000, compared with $5,871,000 reported in 2005. Revenues for the fourth quarter of 2006 increased 41% to $2,130,000, compared with $1,511,000 for the same period in the prior year. The increase is principally attributed to increased royalties from Valeant Pharmaceuticals International stemming from the July 2005 amendment to the Kinetin and Zeatin license agreement.
Net income for the year ended December 31, 2006 totaled $1,883,000 or $0.03 per share compared to a net loss of $1,739,00, or $0.03 per share in 2005. Net income for the year ended December 31, 2006 included a $927,000 non-cash expense for the write-off of the debt discount on retirement of the Senior Secured Notes in March and a $250,000 gain on the sale of Reliaject(R) assets in March. Net income for the fourth quarter of 2006 was $575,000, or $0.01 per share compared with a loss of $801,000, or $0.01 per share in the fourth quarter of 2005.
Cash flow from operations for the year ended December 31, 2006 increased to $1,290,000 compared with $(1,406,000) used in 2005 operations.
"Senetek delivered another solid quarter," said Frank J. Massino, Senetek's Chairman and CEO. "We believe our performance in 2006 coupled with the recently announced agreement with Valeant has laid the economic foundation to rapidly accelerate development of our rich pipeline of proprietary compounds, to acquire products, and to achieve our corporate goal of commercializing one new compound each year."
Mr. Massino continued, "Senetek's new focus will place increased emphasis on direct marketing efforts of new products with our sights on achieving greater revenues and larger economic benefits. This new strategic direction will also redirect our product development efforts to target unmet needs in the lucrative and growing prescription dermatological therapeutic market."
On April 2, 2007, Senetek granted a paid up license for Kinetin and Zeatin and assignment to Valeant of future royalties from other Kinetin licensees, in return for a cash payment of $21 million, forgiveness of a $6 million prepaid royalty credit reimbursement obligation that Senetek otherwise would have owed to Valeant, and a right to share in future royalties due to Valeant from other Kinetin licensees through 2011,
The Company will conduct its quarterly teleconference call for investors on Tuesday, April 24 at 9:00 a.m. Pacific, 12:00 p.m. Eastern. Mr. Frank J. Massino, Chairman & CEO and Mr. William F. O'Kelly, Chief Financial Officer, will discuss the third quarter operating results and the outlook for the remainder of 2006. The domestic dial-in number is 800-894-5910; the international dial-in number is 785-424-1052, conference ID: SENETEK. Replay of the conference call will be available until Tuesday, May 1. Domestic Replay dial-in 800-839-5123, International Replay dial-in 402-220-2689, replay conference ID: SENETEK.
About Senetek PLC
Senetek PLC (OTCBB: 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's lead commercial product, is currently licensed and marketed by 14 pharmaceutical and cosmeceutical companies, and Senetek has entered into an exclusive global license with Valeant Pharmaceuticals for Senetek's proprietary anti-aging skincare compound Zeatin. In addition, Senetek 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 diagnostic 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 indicating the financial outlook for fiscal 2007 and 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 for the year 2006. 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.
Source: Senetek PLC
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VSPC (.38) Signs Teaming Agreement With Tokai Bussan Co., Ltd. of Japan
PR Newswire "US Press Releases "
PASADENA, Calif., April 9 /PRNewswire-FirstCall/ -- VIASPACE Inc. (OTC Bulletin Board: VSPC) announced that Tokai Bussan Co., Ltd. of Nagoya, Japan and VIASPACE have signed a teaming agreement which will include collaboration on software development of VIASPACE Security products and distribution for both VIASPACE's Energy Products line of test equipment and VIASPACE's subsidiary, Direct Methanol Fuel Cell Corporation's line of fuel cell cartridges and other fuel cell products. This teaming agreement will also enable both companies to jointly pursue new and emerging applications built around the real-time analysis of advanced sensor technologies with a specific focus on diagnostics and prognostics applications using VIASPACE's proprietary SHINE expert system.
Tokai Bussan, a publicly listed company on the Nagoya Stock exchange, engages in development and sales of computer and microcomputer applied systems, design, development and sales of software systems, and development, sales, import and export of electronic devices and high-performance materials. Tokai Bussan President Mr. Hidesaku Okura visited VIASPACE on March 27, 2006 to kick off the teaming agreement.
Dr. Carl Kukkonen, VIASPACE CEO, stated, "Our teaming agreement with Tokai Bussan is a perfect example of VIASPACE's global business strategy. We partner with top companies that have a good reputation and the trust of customers in their own markets. Tokai Bussan has a good software development team experienced in delivering software to the Japanese customers. VIASPACE is a growing company with proprietary technology, much of which was originally developed at the NASA Jet Propulsion Laboratory (JPL) and licensed from Caltech, which manages JPL for NASA. We are honored to have a relationship with Tokai Bussan, which has strong marketing capabilities, a substantial distribution channel and the trust of many government and commercial customers in Japan. We believe that this teaming agreement will benefit both companies and will help VIASPACE Security, energy and fuel cell products reach the marketplace quickly."
VIASPACE has previously announced other strategic relationships and contracts in its fuel cell and security subsidiaries.
About VIASPACE: Originally founded in 1998 with the objective of transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions that solve today's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory. For more information, please visit our website at www.VIASPACE.com, or contact for Investor Relations, Dr. Jan Vandersande, Director of Communications at 800- 517-8050, or IR*VIASPACE.com.
This news release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to future events or our future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors include the risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-KSB for the fiscal year ended December 31, 2006, as well as general economic and business conditions, the ability to acquire and develop specific projects and technologies, the ability to fund operations, changes in consumer and business consumption habits, and other factors over which VIASPACE has little or no control.
SOURCE VIASPACE Inc.
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PALM BEACH GARDENS, Fla., April 9 /PRNewswire/ -- Duffy's Holdings, Inc., a private restaurant company operating Duffy's Sports Grill chain of restaurants, and Roadhouse Grill, Inc. (Pink Sheets: GRLL) announced today that they have reached a definitive purchase agreement in which Duffy's will acquire 85.5% of the outstanding common stock from the principal shareholders of Roadhouse for $7.99 million. Following the closing of this transaction, Duffy's intends to complete a short-form merger, pursuant to Section 607.1104 of the Florida Statutes, to acquire the balance of Roadhouse's outstanding common stock at $0.46 per share, which price is significantly higher than the recent trading price of Roadhouse's common stock. In connection with the transaction, Duffy's will also invest an additional $11.0 million in cash in Roadhouse. Roadhouse will have approximately $10 million of debt following the closing of the transaction. The transaction is expected to be completed no later than May 31, 2007, subject to customary closing conditions. The Board of Directors of Roadhouse has approved the transaction.
Paul Emmett, President of Duffy's Holdings, Inc. stated, "We are thrilled to bring these two concepts together creating a multi-state presence. We will carefully evaluate each location and determine whether to operate the unit as a Roadhouse Grill or convert the location to a Duffy's Sports Grill. We look forward to integrating the outstanding Roadhouse Grill store level management into our organization." About Duffy's Holdings
Duffy's Holdings, Inc., based in Palm Beach Gardens, FL, owns and operates 15 full-service, casual-dining restaurants, all of which are located between Port St. Lucie and Boca Raton on the east coast of Florida. About Roadhouse Grill
Roadhouse Grill currently owns and operates 57 full-service, casual-dining restaurants located in 10 states including Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, New York, North Carolina, Ohio and South Carolina.
PCE Investment Bankers, Inc. served as financial advisors to Duffy's Holdings, Inc. Forward-looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, about Roadhouse, Duffy's and their combined business after completion of the proposed acquisition. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of Roadhouse's and Duffy's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward- looking statements, including risks relating to whether the conditions to the closing of the stock purchase contemplated by the purchase agreement will be satisfied and with respect to the timing of the completion of the acquisition, and the risks described in Roadhouse's public filings with the Securities and Exchange Commission. Neither Roadhouse nor Duffy's assumes any obligation to update the information contained in this press release.
SOURCE Duffy's Holdings, Inc.
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AASG (.30) Signs Letter of Intent to Acquire Clean Hydrogen Producers Ltd.
PrimeZone "PrimeZone "
TORONTO, April 9, 2007 (PRIME NEWSWIRE) -- American Associates Group, Inc. (Pink Sheets:AASG) today announced the execution of a definitive Letter of Intent to acquire all of the outstanding shares of Clean Hydrogen Producers Ltd. and a consolidation of the corporation common shares on a six for one basis. The company will also change its name to Clean Hydrogen Producers Inc.
Clean Hydrogen's (CHP) working principle is simple and consists of cracking the molecule of water and using the hydrogen as a source of power. This principle is called "thermal dissociation." The thermal dissociation of water is not a new idea. Significant research was performed only as late as in the 1970s, following the first oil crisis, but was later abandoned due to the restored availability of cheap oil and natural gas. Moreover, the material and technologies then available did not allow for either energetically efficient or economically attractive solutions. Today, materials with melting points well above 3,000 degrees Celsius have long been known, but compounds that can be used to build a high-temperature thermal reactor, and the necessary filters for gas separation, are relatively recent developments. Efficiently working hydrogen filters is what CHP is developing.
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent SEC filings.
CONTACT: American Associates Group, Inc. Terrence Rodrigues (647) 885-6470 info*americanassociatesgroup.com
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PRVB (.26) Announces Revenues Over 13 Million, Reports Year End Results
Market Wire "US Press Releases "
CALGARY, ALBERTA -- (MARKET WIRE) -- 04/09/07 -- Powder River Basin Gas Corp. (OTCBB: PRVB), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has completed its third full year of operations under the current management.
For the year ended December 31, 2006, Powder River reported oil and gas sales of $554,192.00.
Due to a change in the Company's accounting policies, it will no longer be reporting the gross production revenues from each of the properties, but instead will report the percentage owned by Powder River only. The amounts reported are net of all the working interests held by other parties, including the Asian Marketing group. This amount is also net of royalties and well taxes.
Total revenues net to Powder River for the year ended 2006 were $13,174,394 as compared to $3,850,751 in 2005 and $2,184,880 in 2004.
Net income from all operations before taxes was $8,757,431 as compared to $769,259 for 2005.
The Company also showed a significant increase in lease operating costs, primarily due to the change in policy with regards to capitalization of development costs as related to cash flow operations.
"The Company has entered into a new stage of development and growth, and it was decided by management and advisory personnel that the change in accounting policy needed to be instituted for the year end in order to reflect the posture that Powder River will be following over the next several years. While it may have created some discern among the employees, investors, and shareholders over the short term, there are several advantages from a corporate strategy to report in this fashion," stated Powder River Basin Gas Corp. CEO, Brian Fox.
Mr. Fox continued on to say, "It was also brought to our attention that the Company was listed on the Berlin Exchange with no knowledge from Powder River. This listing was not authorized by the Company, or any of its authorized representatives or employees. The Company's legal council is aggressively investigating this matter with the regulatory authorities, and appropriate action will be taken. For Powder River, this has been a year through which we have been blessed with accomplishments. From having a 100% success rate in our drilling program, to enjoying the success with our marketing program, we are allowing Powder River to share the growth and wealth with our shareholders and investors over the next several years. I would also like to take this opportunity to personally thank all Powder River shareholders and investors for their continued support, and their faith in our program. May we be blessed with the same success in 2007."
Powder River Basin Gas Corp. is active in production, acquisition, and marketing of crude oil and natural gas properties.
Powder River Basin Gas Corp. trades on the OTCBB under the symbol PRVB.
This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.
Contacts: Powder River Basin Gas Corp. Steve Weiss Investor Relations (609) 529-3671 Email: info*powderrivergascorp.com Website: www.powderrivergascorp.com
Princeton Research Inc. Mike King Market Analyst (702) 650-3000
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News for 'CHNW' - (Esprit Financial Group Inc. (Esprit) (CHNW.PK) Advises of Management Trip to Europe and Hong Kong)
LAS VEGAS, NV, April 10, 2007 /PRNewswire-FirstCall via COMTEX/ -- EspritFinancialGroup Inc. (ESPRIT) (formerly Cash Now Corporation) (CHNW.PK) www.espritfinancialgroup.com has flown executives to Europe to beginestablishinga call center in advance of the launch of the Company's European forex trading website. This will be a multi-lingual forex trading website andsupportservice, covering the following markets;
- English - French
- Spanish - German
- SwedishAs previously announced, the Company is currently in the process of registeringtotrade on the Frankfurt Exchange. The establishment of the European call center and listing on the Frankfurt will not only drive additional businessrevenuestreams in this key market, but is anticipated to significantly broaden the shareholder base beyond the North American market.The team will be continuing on to Hong Kong later this week, and will be evaluating several opportunities within the Asian market. This includes thepossibilityof developing a Chinese forex website. The Company believes there will be growing interest in Forex trading in the Asian markets, given thepotentialvolatility in exchange rates between Asian and U.S. markets.
The Company will also be meeting with a group that has expressed strong interestinEsprit's 'Cash Now 21' product. This would provide very significant benefitswithinAsian markets in clearing U.S. funds, reducing the time to clear checks from the current several weeks to 3 business days.CEO Garr Winters notes; "We are seeing tremendous synergy between the Company'sestablishedand new financial services industry divisions. It is apparent to us that demand for International Electronic Funds Transfer will continue to growdramatically,and Esprit has a 'first mover' advantage as the first non-financial institution to benefit from this increasing demand."Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public companyengagedin a diversified number of online financial services.
PayDay Loans: The Company is a pioneer in the payday loan industry, andcontinuesto develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services.Operationsinclude licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems forthesub prime market, under the Cash Now banner. The company's proven business model comprises operations in the U.S. and Canadian markets as well as severalforeignmarkets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clientsalike.Forex: Additionally, the Company's Forex Trading division offers an innovativelow-costonline Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious daytraders.All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbankmarket.Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.Advanced Electronic Funds Management: The Company's Advanced Electronic FundsManagement(AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduced holdback periods by bankinginstitutions,particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capableofmanaging multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bankaccount.Information in this press release may contain 'forward-looking statements.'Statementsdescribing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, includingthefinancial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated.Forward-lookingstatements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Actof1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to theabilityto close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels ofcompetition,technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodicreportsfiled with the regulatory authorities.
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BHUB (.004) Receives Information from Select American Transfer Company
PR Newswire "US Press Releases "
JENSEN BEACH, Fla., April 10 /PRNewswire-FirstCall/ -- The BigHub.com, Inc. (OTC Pinksheets: BHUB) announced today that the prior stock transfer agent, Select American Transfer Company, has informed the Company that there are currently 1,580,847,798 shares issued. The shares issued are 1,530,847,798 more than the legal authorized shares of the Company and 1,559,162,277 more shares than issued per the Company records.
The Company believes that the excess shares have been issued as unregistered shares, as defined by the Securities and Exchange Act, of a Delaware corporation unaffiliated with the Company. Select American Transfer has provided the Company with a list of all issuances of unregistered shares which commenced on or about September 8, 2005. The Company intends to engage legal counsel in Florida and Toronto to have these shares cancelled and to pursue the parties issued shares from September 8, 2005 through October 25, 2006. The Company will be pursuing damages in excess of $6,600,000.
The Company intends to immediately notify www.pinksheets.com as to the share structure of the Company and provide them with an information statement required under Section 15 ( c) 2-11. We believe the information will be available within 24 hours of submission.
The Company previously announced that it has engaged Olde Monmouth Stock Transfer, Inc. to handle its authorized stock transfers.
The BigHub.com, Inc. (Pink Sheets: BHUB) will continue to review potential business ventures or acquisitions during this process.
SOURCE The BigHub.com, Inc.
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WGLT (.0003) to Co-Produce the All Women's Bike Build With Open Road T.V. Apr 10, 2007 7:00:00 AM
ORLANDO, FL -- (MARKET WIRE) -- 04/10/07 -- WGL Entertainment Holdings, Inc. (OTCBB: WGLT) announced today that its subsidiary WGL Entertainment will co-produce the All Woman's Bike Build during the Midwest Cycle Mania event April 19-21, 2007 in Green Bay, Wisconsin. WGL Entertainment will finance the Pilot episode, which will be presented to Spike T.V. who has the option to purchase 12 additional episodes. Each episode will feature an all Woman Bike Build and many other exciting events at Bike Festivals around the country.
"There are over 9 million motor cycles in the U.S. and Bike related television is extremely popular. We are thrilled to team with Open Road T.V. and its very popular on air personality Gina Woods," said Mike Pagnano, CEO, WGL Entertainment Holdings, Inc. Additional information about the event follows:
Move Over Guys, the Lady Builders are Ready to Wrench All Woman Bike Build hits Green Bay, WI April 21st
All Woman Bike Builds joins Ken & Bonnie Juza at their 3rd Annual Midwest Cycle Mania at the Brown County Veterans Memorial Complex in Green Bay, Wisconsin. This year's show headlines Women in Motorcycling and will be bigger and better than ever, providing spectators with a total motorcycling experience.
Leading off this year's roster will be Gina Woods' XX Chromes All Woman Bike Build! The XX Chromes roll into the Badger State and descend upon the shores of Green Bay for three awesome days coming together to build one motorcycle in front of a live audience in less than seven hours. The featured all women builders are:
Sara Liberte - World Famous Biker Portrait Artist Laura Ellifson - Klock Werks Kustom Cycles and AMA National Land Speed Record Holder Katie Putman - Mitch Bergeron Customs & Celebrity Bike Builder from the 1st All Woman Bike Build Jody Perewitz - of famed Dave Perewitz Cycle Fabrication
2006 was a motorcycle industry first, showcasing an All Women Bike Build created by Gina Woods. The first ever event was held at Open Road Radio's Fat Fest 2006 for Breast Cancer Awareness. "This year we're excited to present these fabulous women as our building team. Each is known for their respective work, but also as leading women in the industry," said Gina Woods.
WGL Entertainment Holdings, Inc., through its subsidiary WGL Entertainment, is the producer of the WGL Million Dollar Shootout Reality Television Series and several other made for T.V. sports entertainment events scheduled to be produced in 2007 and beyond.
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
For more information contact:
Michael Pagnano WGL Entertainment Holdings, Inc. 1-407-328-8538
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CCNG (.0003) to Sell to Japan Apr 10, 2007 8:00:00 AM Copyright Business Wire 2007
DOYLESTOWN, Pa.--(BUSINESS WIRE)--
Collectible Concepts Group, Inc. ("CCGI") (OTCBB:CCNG), manufacturers of nationally branded and licensed sports memorabilia and entertainment related merchandise, announced today that it has entered into an agreement with the National Basketball Association ("NBA") to broaden its NBA license to include sales to Japan through the existing Japanese distribution channel. Interest overseas in Collectible Concept's NBA growth charts led to this expansion of its NBA license.
The NBA Growth Chart is a vibrant chart over seven and a half feet tall with a photo of popular NBA basketball players at actual height and printed on poly-vinyl material. The growth charts hang on the wall and make great gifts for sports enthusiasts or their kids. There are currently growth charts for 11 of the most popular basketball players.
President Paul Lipschutz said, "This is just the first of many opportunities Collectible Concepts has identified to expand sales of our products in new and exciting ways. We are delighted to include, Japan, the world's second largest economy as a destination for our unique licensed sports products. This transaction establishes access to additional revenue streams from an established sports fan base that we did not have access to before."
Collectible Concepts will also continue to distribute products through its established nationwide network of supermarkets, convenience stores, stadiums, catalogs and other retail outlets.
About Collectible Concepts, Inc.
Collectible Concepts Inc., in business since 1999, manufactures and markets specialty sports and entertainment products under license agreements with major sports teams and entertainment personalities. The company presently has license agreements with the National Hockey League (NHL) and the National Basketball Association (NBA).
Collectible Concepts Inc. is a fully reporting company whose stock trades on the OTCBB under the symbol "CCGI". For information contact Investor Relations at 215-491-1075.
This Press Release contains or incorporates by reference "forward-looking statements" including certain information with respect to plans and strategies of Med Gen Inc. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward-looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Collectible Concepts' operations that could differ materially from those indicated by such forward looking statements.
Source: Collectible Concepts Group, Inc.
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Collectible Concepts Group Inc. Doylestown Investor Contact: Paul Lipschutz 215-491-1075 www.collectibleconcepts.com
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DYNK (.095) Awarded Master Services Agreement Valued up to Approximately $18 Million Annually Company's TekConnect Private Label Services Business Unit Selected as Designated Service Provider for Large Technology Manufacturer Apr 10, 2007 7:30:00 AM
IRVINE, Calif., April 10 /PRNewswire-FirstCall/ -- DynTek, Inc. (OTC Bulletin Board: DYNK), a leading provider of professional technology services, today announced it has been awarded a multi-million dollar Master Services Agreement from a large technology manufacturer.
Through a competitive bid process, DynTek was selected as a primary technology services sub-contractor for engagements throughout the United States. The award was based on DynTek's strong project management capabilities, highly scalable service delivery model and competitive price points. The contract does not have a fixed term.
"This agreement is a perfect fit for our Private Label Services program, which enables us to rapidly scale and deploy services on a national basis," said Steve Struthers, TekConnect's president. "In recent months, we have made an investment in additional staff and management systems to support our ability to service multiple large, national agreements. We look forward to providing excellent service to our manufacturer partner, and the end user client base we will serve directly."
"Based on the scope of our award, we anticipate revenues from this program to be between approximately $6 and $18 million per year," said Casper Zublin, Jr., DynTek's chief executive officer. "This award is a significant catalyst to our organic revenue growth. While it will take 6 to 9 months to fully scale the program, we anticipate to see the initial impact in the June and September quarters. Due to the extensive nature of the agreements, our Private Label Services business unit represents an area that can rapidly propel the growth of the company, from both a top line and bottom line perspective." About DynTek
DynTek is a leading provider of professional technology services to mid- market companies, such as state and local governments, educational institutions and commercial entities in the largest IT markets nationwide. The company offers technology practices in IT security, advanced network infrastructure, voice over internet protocol ("VOIP"), and access infrastructure. DynTek's multidisciplinary approach allows our clients to turn to a single source for their most critical technology requirements. For more information, visit www.dyntek.com.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that certain statements in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors. Such uncertainties and risks include, among others, our dependence on our private label service partners to sell and properly price our services to their customers; our ability to scale our services to meet customer demands without degrading quality of service; success in reaching target markets for services and products in a highly competitive market and the ability to maintain existing and attract future customers; our ability to finance and sustain operations, including our ability to comply with the terms of working capital facilities and/or other term indebtedness of the Company, and to extend such obligations when they become due, or to replace them with alternative financing; our ability to raise equity capital in the future; our ability to achieve profitability despite historical losses from operations; our ability to maintain business relationships with IT product vendors and our ability to procure products as necessary; the size and timing of additional significant orders and their fulfillment; the continuing desire of and available budgets for state and local governments to outsource to private contractors; our ability to successfully identify and integrate acquisitions; the retention of skilled professional staff and certain key executives; the performance of the Company's government and commercial technology services; the continuation of general economic and business conditions that are conducive to outsourcing of IT services; our ability to maintain trading on the NASD OTC Bulletin Board or other markets in the future; and such other risks and uncertainties included in our Annual Report on Form 10-K filed on October 13, 2006, our Quarterly Reports on Form 10-Q filed on November 20, 2006 and February 20, 2007 and other SEC filings. The Company has no obligation to publicly release the results of any revisions, which may be made to any forward-looking statements to reflect anticipated or unanticipated events or circumstances occurring after the date of such statements.
SOURCE DynTek, Inc.
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Linda Ford of DynTek Inc. +1-949-271-6705 linda.ford*dyntek.com
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RXPC(.07) Announces Health Content Implementation Apr 10, 2007 9:10:00 AM Copyright Business Wire 2007
WILMINGTON, Del.--(BUSINESS WIRE)--
Rx Processing Corporation (OTC:RXPC), a leading source of prescription medications and diagnostic laboratory tests for millions of Americans addresses the needs of the underinsured or those who have no prescription insurance coverage. This aspect of our implementation of national health care content information resources is in continuance of an effort to provide citizens access to appropriate and informative access to their overall health care needs.
Rx Processing Corp.'s online content initiative instituted in 2006 enhances its credible, timely and pertinent health care knowledge base. Our national partner provider founded in 1921 is one of the world's largest and busiest healthcare centers and we are proud to offer our advocates access to their knowledge.
Peter Fiorillo CEO, Rx Processing stated, "Simplifying the distribution of health care is our passion; these partners help us relay value added information, fosters our advocacy, increases respect nationally and provides U.S. citizens hope of a better tomorrow."
Rx Processing Corp., an innovator in the distribution of pharmaceutical medications and laboratory diagnostics managed through storefront locations, is deploying a direct to consumer delivery business model that fulfills the needs of under and uninsured clients' health care needs. Our technology platform services the needs of U.S. citizens with our secure RxPC advocacy program, independent pharmacy consultant program, and ordering system for laboratory testing and prescription medications through licensed pharmacies in the United States and CLIA-certified patient service centers. The company provides access to FDA approved brand-name and generic medications, thousands of laboratory diagnostics with access to 4,000+ CLIA-certified patient service centers for specimen collection. Rx Processing Corp. estimates that more than 48 million United States citizens would benefit from these company programs.
Safe Harbor Statement:
All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including those about the company's future expectations, revenues and earnings, and all other forward-looking statements (i.e. operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.
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AVVW (.0015) and Hispanic Health Institute Ramp-Up Retail Distribution in Major Latino Market Apr 10, 2007 8:30:00 AM
LUMBY, British Columbia, April 10 /PRNewswire/ -- avVaa World Health Care Products, Inc. (OTC Bulletin Board: AVVW) a global biotechnology company offering therapeutic, 98% all natural skin and health care products, announced today that, in conjunction with the Hispanic Health Institute (HHI), the Houston Pilot Project has reached another important sales milestone.
Dr. Mario Zamora, director of HHI and head of avVaa's Houston Pilot Project, said, "I'm very pleased that Las Michoacana's Markets, a large and very popular supplier to Houston's Hispanic community, has decided to sell NEUROSKIN products in all of their 37 stores in the Houston area." Zamora continued, "We'll be sending NEUROSKIN products to the other Las Michoacana's Markets in Texas very shortly."
Darrell Stevens, avVaa CEO, commented, "The mass market for ethnic skin care products totals $36.5 million, according to Information Resources, Inc. While our NEUROSKIN is ideal for all skin types, we believe our relationship with Dr. Zamora and HHI offers us a very impressive sales channel for growth. The rapidly increasing Latino population in America presents an exciting opportunity to reach a significant, yet underserved population who suffer from a variety of skin ailments. NEUROSKIN offers our customers new hope from prescriptive treatments that have either lost effectiveness or have intolerable side effects. The 98% all natural formula in NEUROSKIN is what sets us apart in the skin care industry, and we anticipate to reach new milestones going forward."
avVaa World Health Care Products' Houston Pilot Project is a comprehensive marketing and sales initiative deigned to bring NEUROSKIN products to the Hispanic community via the Hispanic health institute (HHI). Initially, avVaa's NEUROSKIN line of skin care products is being marketed and sold in and around Houston, Texas. Both avVaa and HHI expect the Houston Pilot Project to eventually lead to strong franchise opportunities within the Hispanic community in Canada, the United States, Mexico and other international markets. This focus is intended to meet the health and skin care needs of the largely underserved Hispanic community. About avVaa World Health Care Products
avVaa World Health Care Products (OTC Bulletin Board: AVVW) is a global biotechnology company that specializes in effective, all natural, therapeutic skin care products that improve the 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 common skin ailments, including 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+ animal care and products market in the USA. avVaa sells its quality Animal Care products through partnerships with established distributors and retailers in both Canada and the United States.
CONTACT: Investor Relations: Rick McCaffrey of OTC Financial Network, 1-781-444-6100 ext. 625, rick*otcfn.com. 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.
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Jack Farley Board Chairman of avVaa World Health Care Products Inc. +1-866-772-8822; Investors Rick McCaffrey of OTC Financial Network +1-444-6100 ext. 625 rick*otcfn.com
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