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I'm taking a break this week to spend time with my family and friends. I hope everyone has a safe and Happy New Year. I'll see you next year. Good Luck!!!!
-------------------- The difference between genius and stupidity is that genius has its limits
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Execute Sports, Inc. Announces Reorganization Plans 12/26/2006
SAN DIEGO, Dec 26, 2006 (*********wire via COMTEX News Network) -- Execute Sports, Inc. (OTCBB:EXCS) today announced its plans to reorganize its business and to divest from its snow sports operations with the goal reducing the company's operational cash flow requirements and creating a more efficient path to profitability.
Geno Apicella, Execute's founder and newly appointed Chief Executive Officer, commented that "It makes the most sense for us to focus on maximizing revenue through the water sports business by leveraging our existing relationships with current vendors and buyers, as opposed to investing into completely distinct markets concurrently. We intend to pursue discussions with interested third parties in selling the Academy Snowboard Co. brand and trademarks and will be committed 100% in 2007 to building our water sports business and to creating a profitable water sports company." Apicella commented further that "as a result of the divestiture of the snowboard business we will be able to significantly reduce the cost of operations and we are currently exploring further strategic options that we hope will create a greater opportunity for the Execute water sports business to flourish."
As part of the reorganization, the company's board of directors has appointed Celeste Berouty to President and to the board of directors, while Todd Hahn has resigned from the Chief Executive Officer role and Todd Pitcher has resigned from the President and Secretary positions as well as from the board of directors.
About Execute Sports, Inc.
Based in San Clemente, California, Execute Sports, Inc. develops performance products including wetsuits, vests, rash guards and wakeskates, for the action sports industry. The Company's brands include Execute Wetsuits, Academy Snowboard Co., Kampus Wakeskates and Kampus Shoes, Collective Development Bindings and Collective Development Bags. For more information, go to http://www.executesports.com .
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include expectations regarding the ability of the company to continue its growth and the financial performance thereafter. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks include the ability to accomplish goals and strategies, anticipated revenue enhancements, general economic conditions and the level of consumer spending, and numerous other factors identified in the Company's Form 10-KSB and other filings with the Securities Exchange Commission.
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MSITF (.0002) Completes Further Testing of Its VScan HIV Test Kit With Excellent Results
PR Newswire "US Press Releases "
EDMONTON, Alberta, Dec. 27 /PRNewswire-FirstCall/ -- Medical Services International Inc. (Pinksheets: MSITF) is pleased to announce that it has completed additional testing of its VScan HIV test kit with the National Institute For Communicable Diseases. The regulatory agency tested 500 VScan HIV test kits with the following test results: Sensitivity- 100%, Specificity- 100%. It is very rare for a test kit to test with such accuracy. The final report also refers to ease of performance with a rating of "very easy to use" and suitability for use rating as "very suitable." A report of this magnitude from an agency with the excellent reputation of the National Institute For Communicable Diseases confirms the reliability of the VScan HIV test kit.
This report once again demonstrates the accuracy of the VScan HIV test kit. The many excellent independent test results are now being included in new updated marketing brochures and will be included on the new website that is currently being constructed. It is felt that reports of this magnitude combined with additional approvals in more countries combined with the new website will significantly increase kit sales in 2007. The Company is looking forward to an exceptional new year.
About VScan
The VScan rapid test kit is a single use, disposable, accurate, cost effective, easy to use, test for the screening of HIV 1&2, Hepatitis B&C, Tuberculosis (TB), Dengue Fever, West Nile, Syphilis, Malaria and Prostate Cancer. The kits cannot be sold in Canada.
NOTE: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in Company reports and other filings with regulatory bodies.
SOURCE Medical Services International Inc.
-------------------- The difference between genius and stupidity is that genius has its limits
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Klegg Electronics, Inc. (OTC:KLGE.PK) reported today that the Company's Independent Auditor, Johnson & Stout, has completed the audit of its financial statements for each of the years ended December 31, 2004 and 2005 and has reviewed its financial statements for the nine months ended September 30, 2006. As a result of the completion of the audited and reviewed financial statements, the Company intends to file a Form 10-SB with the Securities and Exchange Commission to register its securities under the Securities Exchange Act of 1934 in its efforts to become a fully-reporting company. In conjunction with the filing of the Form 10-SB with the SEC, the Company intends to seek to find an NASD member firm to file a Form 15c2-11 with the National Association of Securities Dealers, Inc. for the purposes of obtaining an OTC Bulletin Board listing for the Company's common stock. The OTCBB provides real-time quotes, prices and volume information in over-the-counter (OTC) equity securities.
Dennis Gentles, CEO of Klegg Electronics said, "The completion of the Company's independent audit is an important benchmark in our continued growth strategy. We expect Klegg's compliance with OTC Bulletin Board eligibility requirements to help improve shareholder value and share liquidity for Klegg investors."
About Klegg Electronics, Inc.
Klegg Electronics, Inc. (OTC:KLGE) is a manufacturer and distributor of high quality consumer electronics focused on designing a variety media and entertainment products that work seamlessly together for today's automated smart homes. Kleggs' product line includes ultra thin vibrant Flat Panel TVs, state-of-the art Media Servers, Home Theater Audio Systems and MP3 and portable media players. Klegg distributes its high-end home electronics through specialty stores and custom integration dealers nationwide. The Company plans to launch the KLEGG GENESIS line of moderately priced TVs and Portable Electronics in the 1st Quarter of 2007. The corporation is headquartered in Las Vegas, NV. Learn more about Klegg Electronics at www.klegg.com
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Klegg undertakes no obligation to update publicly any forward-looking statements.
D Mecatronics Inc. Receives Purchase Order of US$50,000 and Continues Negotiating for Three Substantial Contracts Exceeding US$4,000,000 *********wire - December 27, 2006 7:00 AM ET
D Mecatronics Inc. (Pink Sheets:DMTN) designs, manufactures and markets industrial and consumer products. Through independent subsidiaries, the company provides state-of-the-art automation technology solutions to enable customers to dramatically accelerate time-to-market and increase revenue.
D Mecatronics Inc. is pleased to announce it has entered into the final stages of negotiations with one of the world's largest autoparts manufacturers and a Fortune 500 company ranking among the Fortune Elite, regarding three significant new contracts exceeding approximately US$4 million.
Berardino Paolucci, President and Chief Executive Officer of D Mecatronics Inc., states: "As we demonstrate our ability to continue winning new business, even as older contracts are being delivered and completed, it enables us to raise projected and forecasted revenues for 2007."
As 2006 comes to an end, D Mecatronics Inc. is also pleased to announce the receipt of a purchase order for US$50,000. This brings total beginning revenues for 2007 to US$400,000.
"We are excited about our customers' interest in integrating our product solutions as a key component of their growth strategy, as our products will continue to provide them with the enterprise management, automation and operational efficiencies needed to achieve excellence on a global basis," said Dino Paolucci, Senior Vice President of infrastructure management at D Mecatronics Inc.
In 2007, management for D Mecatronics Inc. will also be focusing on aggressive growth and diversification through acquisitions, mergers and joint ventures in all areas of automated solutions used by the automotive industry. D Mecatronics Inc. is moving quickly to become a thriving and successful conglomerate that owns and controls a variety of companies in the multi-billion dollar automotive industry.
About D Mecatronics Inc.
D Mecatronics Inc. is a recognized technology pioneer and market leader in the area of Engineering, Design and the Manufacturing of automated solutions for the Automotive Industry and is rapidly becoming one of the world's leading providers of automated manufacturing solutions, which are used primarily by three of the top ten Tier 1 automotive part suppliers in the world. The Company also makes precision components and tooling using its own custom-built manufacturing systems, process knowledge and automation technology.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
D Mecatronics Inc. Dino Jr. Paolucci, Director of Public Relations (905) 625 -5111 Cell: (905) 399 -9814 dinopaolucci*rogers.com www.dmecatronics.ca
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Shelron Group to Release an ActiveShopper Germany Beta Website Within Days Company Expects Both ActiveShopper Germany and ActiveShopper France to Significantly Impact 2007 Revenue
The Shelron Group Inc. (OTC Bulletin Board: SHRN - News), parent company of Activeshopper, today announced that it will release a beta of its new ActiveShopper Germany Website within the next few days.
"ActiveShopper Germany will be our first non-English website and will help us expand our reach in the European market," notes Eliron Yaron, Chairman of The Shelron Group. "We expect both ActiveShopper Germany and ActiveShopper France, which is also close to a beta phase, to have a significant impact on our 2007 revenue."
About Shelron Group
Shelron Group Inc. is a leading developer of advertising and comparative shopping software, products, and services. ActiveShopper(TM) is the brand name of the company's comparative shopping products, which include US , UK and Australia comparative shopping websites, a mobile website for cell phone and PDA users, and various price-detecting comparative shopping installable clients. The company's stock is publicly traded on the OTC Bulletin Board under the symbol SHRN. Additional information is available at www.ActiveShopper.com and www.ShelronGroup.com.
Safe Harbor Statement:
Safe Harbor Statement This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives and other forward looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. A number of factors could cause our actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in our filings with the Securities and Exchange Commission (available at www.sec.gov). Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein. We assume no obligation to update any forward-looking statements
Contact: IR*activshopper.com Joel Gering +1-516-6206794
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Cal-Bay in Negotiations for Additional 30 Home Portfolio in Las Vegas, Nevada
Wednesday, December 27, 2006 09:01ET
CARLSBAD, Calif., Dec 27, 2006 (BUSINESS WIRE) -- Cal-Bay International, Inc. (OTCBB:CBAY) announces the company today opened negotiations for the acquisition of an additional 30 home portfolio in Las Vegas, Nevada.
Cal-Bay's Board of Directors today announced the company entered negotiations for the acquisition of an additional 30 single family home portfolio in Las Vegas, Nevada.
Upon successful completion, the acquisition will add approximately $13M to Cal-Bay's rapidly growing Las Vegas property portfolio, and will additionally generate in the region of $500,000 per year in rental revenues.
The pending acquisition would increase Cal-Bay's Las Vegas residential property portfolio to over 85 Homes, and would generate approximately $1.53M per year in revenues.
Cal-Bay is currently in negotiations for several other Residential and Commercial development properties in the Las Vegas area.
FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.
The Company assumes no obligation to update any of the forward-looking statements in this release.
SOURCE: Cal-Bay International, Inc.
Cal-Bay International, Inc. Tim Garlin, 760-930-0100 Fax: 760-930-0200 IR*calbayinternational.com www.calbayinternational.com
-------------------- " Cash is King "
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Podium Venture Group, Inc. Announces Discussions for 100% Acquisition of Erino Clothing Company Business Wire - December 27, 2006 13:21
PORTLAND, Maine, Dec 27, 2006 (BUSINESS WIRE) -- Podium Venture Group Inc. (PDVP), an apparel, media and publishing holding company in the lifestyle sports industry, announced today that it has entered into discussions to acquire 100% of Erino Clothing Company (erinoclothing.com), a surf-lifestyle clothing company. The closing of this acquisition, expected before the end of the year, would bring Podium its second scheduled wholly owned subsidiary.
"As we previously released on November 6th, we were moving quickly to acquire 75% of Erino Clothing. With all the other happenings in the company; the 25% stock dividend, the acquisition of N'East Magazine, the close of 2006, and the trade show season for Erino quickly approaching, the M&A team here at Podium thought it best to further assess risk vs. gain in the Erino transaction. This lead us happily to a 100% acquisition which we expect to close before 2007. Once this acquisition is closed, along with the others lined up ready to knock over, we intend to release the new 2007 Erino line and take it to the national level," Jim McGinley, President & CEO, Podium Venture Group, Inc.
Podium Venture Group, Inc. is an apparel, media and publishing holding company in the lifestyle sports industry. The company intends to grow through strategic acquisitions, capitalization and internal growth. The approximate share structure as of December 27, 2006: A/S 525,000,000, O/S 47,000,000, Float 8,000,000.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements.
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