Deep Blue Marine Inc. Prepares to File Current Information on PinkSheets.com
Business Wire "US Press Releases "
SALT LAKE CITY--(BUSINESS WIRE)--
Deep Blue Marine Inc. (Pink Sheets: DPBM) is pleased to announce that the company will begin immediately to prepare filing for the new compliance requirements of Pink Sheets. Management has made the decision to file in the Current Information Icon group. The filing will be prepared by legal council and submitted as soon as possible.
Wilf Blum, president of Deep Blue Marine Inc., said, "We respect the efforts of Pink Sheets to try and clean up the image of the exchange, and we will do all in our power to assist them in that endeavor."
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Source: Deep Blue Marine Inc.
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GREM USA Is Presently in Negotiations to Acquire Nanogold Corp. Which Is Conducting Ongoing R&D With a Prominent Chinese University for the Development of a Chemical Process to Produce Nano Scale Gold Powder
Market Wire "US Press Releases "
FORT WAYNE, IN -- (MARKET WIRE) -- 05/07/07 -- GREM USA (the "Company") (OTCBB: GRUS). Edward Miers, President and CEO, announced today that GREM USA has entered into negotiations to acquire Nanogold Corp., a Canadian R&D corporation specializing in Nano Gold Technology. Nanogold Corp. is presently involved in a joint venture with a prominent Chinese University to develop Nano Metal Applications.
Nanogold Corp. is developing chemical processing for the production of Nanoscale Gold Powder. The research team at the Chinese University has several years experience in chemical processing for the production of nanoscale metals and oxide powders. They have successfully produced nanoscale powders of Ag, Ni and numerous oxides such as Fe(2)O3, CuO, ZnFe(2)O4. Based on the investigation of their literature and their research experience, it is possible to make nanoscale gold powder by means of their chemical processing.
The properties of "nanogold," or gold particles are so tiny -- containing hundreds or even tens of atoms -- they must be measured in nanometers. (One nm is equal to one one-billionth of a meter.) As is true with other materials, gold in "nano" form exhibits significantly different properties from bulk gold. As is known, normal bulk gold is shinny, gold in color, and inert, as well as it conducts electricity. However, if gold is shrunk to a nanoparticle, its properties change dramatically. Its color changes, it becomes a very good catalyst, and it turns into a high performance semiconductor.
The unique properties of gold at the nanoscale are ensuring that gold is the candidate material for nanotechnology applications in the diverse areas of electronics, catalysis, colors and coatings and the biomedical sector. Specific examples of technologies considering or already using gold are listed below as follows:
-- Low resistance printable gold nanoparticulate inks for flexible electronics -- Gold nanowires for interconnections in future leading edge electronic devices -- Nanoparticulate gold colloid for rapid tests and biomedical assays -- Gold-silica nanoshells for targeted destruction of cancer cells -- Improved decorative coatings using thiol stabilized gold nanoparticles -- Thermosetting gold nanoparticle containing paints exhibiting novel aesthetic effects -- Nanoparticulate gold catalysts for pollution control and chemical synthesis -- Fuel cell electrocatalysts based on carbon supported nanoparticulate gold
In each case, major industrial end-users are pursuing the development of these technologies. It is considered that gold will be a key material in many future nanotechnology based products and processes.
Nanogold Corp. believes it will be in position to supply Nano Gold Powder to the emerging Industries utilizing the nano gold in the development of new products.
GREM USA contemplated and compelling objectives with this anticipated acquisition are to work with Nanogold Corp and the prominent Chinese University in the development of Nano Gold Powers utilizing proprietary chemical processes; once fully developed, patent protection will be sought.
The management of both GREM USA and Nanogold Corp., as part of their due diligence process, will be traveling to China in the near future to finalize this joint venture with the Chinese University for this new and innovative technology.
About GREM USA
GREM USA is a development stage company focusing on design and manufacturing of custom hand crafted and mass-produced electric guitars.
This press release contains certain "forward-looking" statements as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements which are not historical facts, are forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties. There can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to the Company's ability to consummate and complete operations, the Company's access to future capital, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors that may be identified from time to time in the Company's public announcements. The Company undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of any offer to buy securities.
FOR FURTHER INFORMATION PLEASE CONTACT: GREM USA 315 East Wallace St Fort Wayne, IN 46803 Edward Miers 260-456-2354 Website: www.gremusa.com
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Paradise Music & Entertainment Engages Jesup & Lamont as Exclusive Investment Banking Advisors
Business Wire "US Press Releases "
NEW YORK--(BUSINESS WIRE)--
Mr. Richard Rifenburgh, Chairman, announced that on May 3, Paradise Music & Entertainment, Inc. (Pink Sheets: PDSE) (the "Company") engaged the Investment Bank of Jesup & Lamont to provide for exclusive investment banking services and leadership in the Company's planned expansion programs.
Jesup & Lamont is a 130-year-old investment bank with headquarters in New York City and approximately 350 employees in 24 offices across the United States. The firm has participated in hundreds of successful transactions for both private and public companies in various industries. Along with its sister company, Empire Financial, it maintains a trading operation that makes markets in equities in the U.S., European, Asian, and Russian markets. Jesup & Lamont is staffed with seasoned professionals with significant experience in transactions in M&A, underwritten offerings and private placements of equity and debt.
The agreement with Jesup & Lamont calls for that firm to act as exclusive advisor to the Company regarding merger and acquisition activity; raising capital in the form of debt and/or equity; and other required advisory services. "We are excited to create a relationship with this fine Wall Street firm to accelerate our capability to move this acquisition strategy forward for Paradise. It is a great complement to accomplish our goals," said Mr. Rifenburgh.
About Paradise Music & Entertainment, Inc.
Paradise Music & Entertainment, Inc. (the "Company"), a diversified holding company, is focused on adding to its latest 2005 acquisition, Environmental Testing Laboratories, Inc. ("ETL"). Now a wholly owned subsidiary, ETL operates profitably in the nationwide $1.8 billion a year, environmental testing industry. The Company is seeking to attract and subsequently acquire additional companies operating in the environmental testing industry and manufacturing industries. The Company operates offices in New York and Colorado.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that these forward-looking statements involve uncertainties and risks that could cause actual performance and results of operations to differ materially from those anticipated. These risks and uncertainties include issues related to the ability to: obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new ventures, as well as other factors set forth in the Company's most recently filed Form 10-K and Form 10-Q reports. The forward-looking statements contained herein represent the Company's judgment as of the date of this release and it cautions readers not to place undue reliance on such statements. The Company assumes no obligation to update the statements contained in this release.
Source: Paradise Music & Entertainment, Inc.
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Chai-Na-Ta Corp. Reports 2007 First Quarter Results
Market Wire "US Press Releases "
RICHMOND, BRITISH COLUMBIA -- (MARKET WIRE) -- 05/07/07 -- Chai-Na-Ta Corp. (OTCBB: CCCFF), the world's largest supplier of North American ginseng, today announced a first quarter 2007 net loss of $0.4 million, or $0.01 per basic share, compared to a net loss of $0.2 million, or $0.01 per basic share, in the same period last year.
Revenue rose to $3.8 million in the 2007 first quarter from $1.3 million in the prior year period. Gross profit margin was 2% of sales revenue in the 2007 first quarter compared to 6% in the same period last year.
"About 45% of our 2006 harvest root was sold by March 31, 2007 with most of the remaining root committed to customers," said Derek Zen, Chairman of the Company. "Chai-Na-Ta's average selling price increased to $10.43 per pound in the first quarter of 2007 from about $4.40 per pound in the first quarter of 2006."
"While 2007 will remain challenging, ginseng prices have stabilized and we are on track with our efforts to reduce operating and overhead costs," added Mr. Zen. "Selling, general and administrative expenses fell to $284,000 in the first quarter of 2007, a decrease of 15.9% from the same period last year."
The working capital position as at March 31, 2007 was a surplus of $7.4 million compared to a surplus of $7.5 million at December 31, 2006.
The Company also announces that Mr. Peter Leung, Chief Executive Officer of the Company is stepping down effective May 4, 2007. Mr. Leung will continue to serve as a director on the Board.
The Board of the Company has appointed Mr. Wilman Wong to the position of Chief Executive Officer and Mr. Terry Luck as Chief Financial Officer replacing Mr. Wilman Wong. Both of these changes are effective on May 4, 2007.
Chai-Na-Ta Corp., based in Richmond, British Columbia, is the world's largest supplier of North American ginseng. The Company farms, processes and distributes North American ginseng as bulk root, and supplies processed material for the manufacturing of value-added ginseng-based products.
This news release contains forward-looking statements that reflect the Company's expectations regarding future events. These forward-looking statements involve risks and uncertainties, and actual events could differ materially from those projected. Such risks and uncertainties include, but are not limited to, the success of the Company's ongoing research programs, general business conditions, and other risks as outlined in the Company's periodic filings, Annual Report, and Form 20-F.
Klegg Electronics, Inc. (Pink Sheets: KLGE) today announced that a one-for-ten reverse split of its common stock was approved by its Board of Directors. The reverse stock split will become effective before the opening of trading on May 8, 2007. Upon the opening of the market, Klegg's common stock will begin trading on a reverse-split basis under the trading symbol "KLGG".
As a result of the reverse stock split, every ten shares of Klegg common stock will be combined into one share of Klegg common stock. Fractional shares that result from the reverse split shall be rounded up to the nearest whole share. Klegg's Transfer Agent, Integrity Stock Transfer will not require shareholders to exchange their certificates.
In conjunction with the reverse split all outstanding preferred shares have been converted into common shares bringing the total outstanding shares of common stock to 34,111,482 as of the opening of trading on May 8, 2007.
Klegg's Board and management team are pleased with the decision to complete the reverse stock split. They believe that the reverse stock split should make the company's stock more attractive to a broader group of investors, and create a capital structure that should sustain the rapid growth that Klegg expects in the near future.
"Klegg is currently preparing for rapid sales growth, increased distribution and brand recognition, in addition to our plans to resubmit our registration statement with the SEC, in attempt to move from the Pink Sheets to another exchange" states Dennis Gentles CEO of Klegg Electronics, Inc. "Klegg's Recapitalization comes at an exciting time in Klegg's development, and will create a strong foundation to support our future activities"
About Klegg Electronics, Inc.
Klegg Electronics, Inc. (Pink Sheets: KLGG) is a manufacturer and distributor of high quality consumer electronics. Klegg Electronics has focused on designing a variety of products that work seamlessly together within the home. The corporation is headquartered in Las Vegas, NV.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the federal securities laws, including, without limitation, statements regarding the following: the reverse stock split and the impact and effects of the reverse stock split of Klegg Electronics are based on management's expectation at the time they are made. Where possible, the company has tried to identify these forward-looking statements by using words such as "anticipates," "believes," "intends," or similar expressions. These statements are subject to a number of risks, uncertainties and other factors that could cause actual events or results in future periods to differ materially including, without limitation, the following: the failure of the reverse stock split to adjust the market price of Klegg's common stock; the failure of the reverse stock split to attract new investors; Klegg's ability to successfully develop and introduce new products; possible delays in the products and technologies developed; the failure of the reverse stock split to contribute to the creation of shareholder value; Klegg's ability to compete with existing and future competitors; the ability of Klegg's management team to continue to execute and manage Klegg's inventory and expenses. All forward-looking statements made in this press release are made as of the date hereof, and Klegg assumes no obligation to update the forward-looking statements included in this news release whether as a result of new information, future events, or otherwise. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements.
Source: Klegg Electronics, Inc.
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NASDAQ Approves Issuance of Harvard Learning Centers' Stock Dividend to Shareholders of Record of December 31, 2006 Harvard Learning Centers, Inc. (PINKSHEETS: HVLN) announced today that it has received NASDAQ approval for the immediate issuance of its previously authorized 1-for-1 stock dividend of the Company's Common Stock, payable to each shareholder of the Company as of the record date of December 31, 2006.
In order to be considered a shareholder of record for this common stock dividend payment, you must have purchased the stock at least three days before the record date of December 31, 2006. Harvard Learning Centers, Inc. has filed notice of this action to pay the stock dividend with the NASD.
In order to receive your stock dividend, please contact us at the following email address in order to receive your documentation for receipt of the dividend:
irharvardlearningcenter*adelphia.net
About The Harvard Learning Centers, Inc.
The Harvard Learning Centers, Inc. offers training programs for both the mind and body of teenagers and young adults. Historically, its primary focus has been to offer SAT-ACT test preparations that help high school students succeed (www.sat-act-prep.com). SAT and ACT are standardized tests used by most U.S. colleges and universities for admission and placement decisions and scholarship eligibility. For SAT-ACT test preparation, the Harvard Learning Centers, Inc. offers classroom and online courses along with private tutoring.
In April 2007, Harvard Learning Centers, Inc. expanded into the Youth Sports Training Market with the acquisition of BSA Athletics, Inc., an early-stage sports training and fitness company, headquartered in Boca Raton, Florida, and ASAP Athletics, Inc. ("ASAP"), which operates a 5,000 square foot national sports training center for athletes in West Boca Raton, Florida. Harvard Learning Centers has stated that ASAP is the first of a series of "speed" camps that it plans to operate nationally.
On May 7, 2007, Harvard Learning Centers, Inc. announced that it will immediately begin offering through its web site and to students in its classroom and tutorial programs, the full line of test preparation materials published by the Nova Press, Los Angeles, California. This new line will include books, software and online courses not only for preparation for the SAT, but for the LSAT, GMAT, GRE and MCAT graduate level tests(1). All materials will be prominently co-branded with the Harvard Learning Center brand identity. This agreement greatly expands the offerings of Harvard Learning Centers, Inc., while allowing it to enter totally new national markets in higher education, and, via the Internet, significantly broaden its reach for its existing SAT-ACT test-prep products and services.
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
(1) SAT is a registered trademark of the College Entrance Examination Board. LSAT is a registered trademark of Law Services. GRE is a registered trademark of ETS. MCAT is a registered trademark of AAMC. GMAT is a registered trademark of the Graduate Management Admission Council.
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