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VIVI (.024) Plans to Merge Caribbean Subsidiaries With U.S.-Based Transportation Company
Market Wire "US Press Releases "
TRAVERSE CITY, MI -- (MARKET WIRE) -- 02/12/07 -- Viva International, Inc. (Viva) (OTCBB: VIVI) announced this morning that it has issued a letter of intent to Transportation Associates, Inc. (TA) that proposes merging Eastern Caribbean Airlines Corporation (ECA) and Viva's 49% in Viva Air Dominicana S.A. (VAD) with TA. The contemplated merger would then been subsequently spun-out to the shareholders of Viva.
Transportation Associates, Inc. is a holding company specializing in the acquisition and management of trucking companies. Transportation Associates, Inc. has previously estimated the annual revenues of its subsidiaries to be in a range of $15-20 million.
Under the plan, ECA will issue 1 million shares of Series A Convertible Preferred Stock to TA in exchange for all of the Capital Stock owned by its shareholders. The preferred stock will be convertible after 12 months at the rate of 1 share of Series A for twenty shares of common stock of ECA.
As additional consideration under the merger and subsequent spin-off, $1.5 million of liabilities (Viva and subsidiaries) will be absorbed or assigned to the new merger (ECA and subsidiaries).
Upon the effective date of the spin-off, Viva will issue, as a dividend to its shareholders, 100% of the common stock of ECA issued and outstanding at the time of the spin-off, on a pro rata basis. The exact number of shares will be determined at the mutual agreement of the parties prior to the spin-off, but the parties contemplate that a total of approximately 5 million shares of ECA will be issued in the spin-off. Accordingly, qualifying shareholders of Viva will receive approximately 1 share of ECA for each 15 shares of Viva that they own at the effective date.
Calvin Humphrey, Viva's CEO and Chairman, released the following statement: "The need for Viva to plan for the merge of our Caribbean subsidiaries and their subsequent spin-offs is necessary for several reasons. Primarily, it is necessary to be able to properly finance the respective operations of the aviation-related businesses and acquisitions that we have planned for Viva while recognizing that it would be easier for our Caribbean-based subsidiaries to be financed as part of a respective merger with an entity such as Transportation Associates. Secondly, as we go forward it is becoming apparent that with the focus of our efforts being toward aviation-related businesses like River Hawk Aviation and Flight Test Associates that our management team does not have sufficient time available to devote to the Caribbean airline subsidiaries. Accordingly, the time to address what is best for both organizations, as well as our shareholders, is now and I believe that our plan provides the opportunity to accomplish this."
About Viva
Recently Viva International, Inc. (Viva) agreed to purchase of the assets of River Hawk Aviation, Inc. (River Hawk). Prior to this, Viva was primarily dedicated to the formation and development of airlines along with the acquisition of aviation-related operating businesses and airlines that displayed potential for restructuring into profitable and sustainable aviation-related growth concerns. The Company's primary involvement was with two developmental-stage carriers in regional markets from hubs in Puerto Rico and Santo Domingo, Dominican Republic. Our hub in Puerto Rico was maintained through our subsidiary Eastern Caribbean Airlines Corporation and our hub in the Dominican Republic was maintained by Viva Air Dominicana, S.A. Each of these companies remain as subsidiaries of the Company and are being evaluated to determine the best course of action to return them to active operations.
The Company has now expanded its focus to also participate as an aviation parts and components supplier in the broader aviation industry, currently specializing in Saab and other commuter aircraft parts and components as well as a provider of consulting services, marketing and appraisals to the aviation community. At present, the Company maintains executive offices in Michigan.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements which are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words as "believe," "expect," "intend," "anticipate," "project," or other similar expressions. These forward-looking statements relate to, among other things, future performance, and perceived opportunities in the market and statements regarding the Company's mission and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) managing acquisitions and expansion of operations; (2) our ability to obtain necessary financing and to manage existing debt; (3) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (4) our ability to successfully complete financing and due diligence under the River Hawk Asset Purchase Agreement; (5) the Company's ability to comply with federal, state and local government and international regulations; and (6) other factors over which we have little or no control. Further information on potential factors that could affect Viva International, Inc. is found in the Company's Form 10-K and other documents filed with the U.S. Securities and Exchange Commission.
Contact Viva International, Inc. (231) 932-7490
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BDGR (.26) Completes New Wells in Hosston Field Production Equipment to Be Installed This Week Drilling Program Continues Feb 12, 2007 7:43:00 PM Copyright Business Wire 2007 OIL CITY, La.--(BUSINESS WIRE)--
Black Dragon Resource Companies, Inc. (PINK SHEETS:BDGR) announced today that it has completed (perforated the casing) the 7 new oil wells in the Hosston Field, Caddo Parish, Louisiana in the Nacotosh sand as oil wells. These wells are the first in Black Dragon's aggressive drilling program in Caddo Parish, Louisiana, announced earlier this year. After swabbing the wellbores clean, 5 flowed oil with virtually no water and the other two flowed oil with a trace of water. These preliminary results were sufficient for the company to conclude that all 7 wells will produce oil in commercial quantities. Four Star Oil Company, the contract operator of the wells, was directed to equip the wells with tubing, downhole pumps, rods and pumpjacks and to install flowlines to the tank batteries located on the leases. This work should, weather permitting, be completed by the end of this week and the initial production rates for these wells determined early next week.
Additionally the Midyette No. 5 well was drilled and cased and is scheduled for completion in the next week. Drilling has begun on the Wynn A Salt Water Disposal Well in The Hosston Field. This facility will allow the company to produce from 13 wells that are currently equipped but shut in. Due to wet conditions in that portion of the Caddo Pine Island Field drilling of the Salt Water Disposal Wells on the Watkins Lease and then on the Taylor lease has been temporarily delayed. These wells will be drilled as soon as conditions permit.
"These results signal a good start for 2007," said Rick Michael, company President.
About Black Dragon:
Black Dragon Resource Companies, Inc. is an oil and gas Production Company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company's focus on mature, domestic oil fields eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market where larger independent and major oil companies are not positioned to compete.
The statements in this press release regarding any implied or perceived benefits from existing oil and gas field properties, actual reserves and revenues to be derived from the reserves, plans to drill additional oil and gas wells, anticipated revenues, the acquisition of additional oil or gas leases, maintaining mineral lease rights, and any other effects resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, and any other difficulties related to producing minerals such as oil or gas, continued maintenance of the oil field and properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth.
Forward-Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Source: Black Dragon Resource Companies, Inc.
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ZIMCF( .059)reports third quarter financial results 2/12/2007
OTTAWA, Feb 12, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- ZIM Corporation (OTCBB: ZIMCF), a mobile entertainment and Internet TV service provider, today announced its financial results for its third quarter ended December 31, 2006. All figures presented are calculated in accordance with generally accepted accounting principles (GAAP) in the United States and presented in US dollars.
Revenue for the quarter ended December 31, 2006 was $517,969, a decrease from $789,844 for the quarter ended December 31, 2005. As previously announced, ZIM's decrease in revenue is primarily attributable to the decline in revenue from our SMS aggregation services caused by the continued saturation of the aggregation market.
Net loss for the quarter ended December 31, 2006 was $507,117, or a basic and diluted loss per share of $0.006. The net loss for the quarter ended December 31, 2005 was $2,391,930, or a basic and diluted loss per share of $0.04.
Revenue for the nine months ended December 31, 2006 was $1,804,679, a decrease from $2,938,881 for the nine months ended December 31, 2005.
Net loss for the nine months ended December 31, 2006 was $1,444,833, or a basic and diluted loss per share of $0.018. The net loss for the nine months ended December 31, 2005 was $2,957,531, or a basic and diluted loss per share of $0.05.
"Consistent with prior quarters, our revenues continued to decrease as a direct result of our decision to move away from the low margin SMS aggregation services market. We continue to be encouraged with the opportunities available to ZIM within the Internet TV industry." said ZIM president and chief executive officer, Michael Cowpland.
ZIM had cash of $342,973 as at December 31, 2006 with no outstanding amounts due to shareholders or financial institutions. At March 31, 2006 the Company had cash of $237,035, a line of credit of $29,967 and an amount due to a shareholder of $430,260.
About ZIM
ZIM is a mobile entertainment and Internet TV service provider. Through its global infrastructure, ZIM provides publishing and licensing services for market-leading mobile content and for peer to peer (P2P) Internet TV broadcasting. For more information on ZIM and its customers, partners and products, visit: www.zim.biz.
This news 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, including statements related to the success of ZIM's mobile services and ZIM's ability to enter the Internet TV market. All forward-looking statements made in this press release relating to expectations about future events or results are made as of, and are based upon information available to ZIM as of, the date hereof. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those described or implied by any forward-looking statements. Factors that might cause such a difference include, but are not limited to, ZIM's limited operating history, ZIM's history of operating losses and expected future operating losses, ZIM's ability to obtain additional financing when needed, ZIM's ability to continue as a going concern, ZIM's reliance on wireless carriers to market and use its applications and services, possible fee increases by third party service providers, the potential loss of services of Dr. Michael Cowpland and other key personnel, rapid developments in technology, including developments by competitors, possible internal controls deficiencies and possible accounting adjustments resulting from our quarter-end accounting and review procedures, ZIM's ability to maintain current reporting under the Securities Exchange Act of 1934, and ZIM's ability to successfully integrate any acquisition. Please refer to ZIM's filings with the SEC for additional information regarding risks and uncertainties. Copies of these filings are available through the SEC's website at www.sec.gov. ZIM assumes no obligation to revise or update publicly the forward-looking statements included in this news release, other than as required by law.
Copyright (C) 2007 PR Newswire. All rights reserved
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SUTU (.09) Completes Advanced PFO Test of HeartStitch Suturing Device 2/12/2007
FOUNTAIN VALLEY, CALIFORNIA, Feb 12, 2007 (MARKET WIRE via COMTEX News Network) -- Sutura, Inc. ("Sutura") (OTCBB: SUTU), an innovative developer of minimally invasive vascular suturing devices, announced today that it has successfully completed an advanced PFO Test of its HeartStitch(TM) suturing device. During the test, Sutura successfully demonstrated tactile capture of the septum secundum and septum primum in an in-vivo porcine subject, while using an ICE (Intra Cardiac Echocardiography) imaging catheter for guidance. The test was conducted by two of Sutura's senior clinical advisors Dr. Carlos Ruiz and Dr. John Crew. Dr. Ruiz successfully identified the defect edges and demonstrated the direct feedback required to capture the tissue and apply the suture with the new HeartStitch(TM) suturing device.
"This is an important development in advancing this technology. Tactile response is a valuable part of device placement, combined with intracardiac imaging, which is the cornerstone to a successful placement of the stitch," commented Dr. Ruiz following the successful test of the HeartStitch(TM).
The innovative HeartStitch(TM) suturing device is designed for use in the closing procedure during transcatheter management of patent foramen ovale (PFO). A patent foramen ovale (PFO) is a remnant window from the fetal stage in the septum (wall) between the two upper chambers of the heart. Specifically, the defect is an incomplete closure of the atrial septum that results in the creation of a flap or a valve-like opening in the atrial septal wall. A PFO is frequently found in normal healthy individuals (about 20% of adults) which is not sealed shut and is the most common cause of stroke in young people under the age of 50.
"This was an extremely successful test of several specific features of the HeartStitch, the test provided our engineers and technicians who were present detailed data and input from our clinical investigators," said Anthony Nobles Sutura's Chairman and Chief Scientific Officer.
Commenting on the announcement, David Teckman, President and Chief Executive Officer at Sutura, Inc., stated, "This was a great opportunity to see the strength of our technology as well as the collaboration between our clinical advisors and our development team."
About Sutura, Inc.
Sutura(R), Inc. (www.suturaus.com) is a medical device company that has developed a line of innovative, minimally invasive, vascular suturing devices to suture the puncture created in arteries during open surgery and catheter-based procedures. The Company's line of SuperStitch medical devices provide sutured closure of the arteriotomy site utilizing the existing catheter sheath introducer or cannula during fluoroscopically guided procedures and directly through the open arteriotomy during open surgical procedures. Within the United States the 8F & 6F SuperStitch devices are available for use in performing vascular stitching in general surgery, including endoscopic procedures. It is not intended for blind closure of an arteriotomy site. The SuperStitch 8F & 6F is approved in the European Union and CE marked with the indication for use as follows: The SuperStitch is indicated for use in performing vascular stitching in general surgery, including endoscopic procedures. In the EU there is no requirement for the use of fluoroscopic guidance. Sutura's headquarters are in Fountain Valley, California. "Sutura(R)" and "SuperStitch(R)" are registered trademarks of Sutura, Inc.
Forward-Looking Information Is Subject to Risk and Uncertainty
Certain statements in this press release may contain projections or "forward-looking" information (as defined in the Private Securities Litigation Reform Act of 1995) that involve risk and uncertainty. The words "aim", "plan", "likely", "believe", "expect", "anticipate", "intend", "estimate", "will", "should", "could", "may", "appears", and other expressions that indicate future events and trends identify forward-looking statements. These statements are not guaranties of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what we express or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made and we undertake no obligation to publicly update or revise any forward-looking statements. Our actual results and future trends may differ materially from our forward-looking statements depending on a variety of factors including the ability of the company to raise additional funds necessary for the continued operation of the company, acceptance of the SuperStitch(R) devices by medical providers and the marketplace in general and the success of the proposed sales and marketing plan, the ability of the company to establish a successful distribution relationship with a strategic partner, the continued growth of the vessel closure marketplace and the company's ability to continue to expand and protect its technology patents.
Contacts: Sutura, Inc. Barry Forward Corporate Communications 1-866-676-8386 Website: www.suturaus.com
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1.VIVI (.024) Plans to Merge Caribbean Subsidiaries With U.S.-Based Transportation Company
2.BDGR (.26) Completes New Wells in Hosston FieldProduction Equipment to Be Installed This Week Drilling Program Continues
3.ZIMCF( .059)reports third quarter financial results
4.SUTU (.09) Completes Advanced PFO Test of HeartStitch Suturing Device
5.DNAPrint(.015) (TM) Genomics and Code Amber(R) Form Partnership to Offer Storage of DNA Sequencing on Amber Stick(TM
6.NIHK (.082) Nighthawk Systems Receives Order from Oklahoma Internet Service Provider2/13/2007
7.CPWB (.11) Challenger Receives Stellar Results in Hot Boat Magazine Trials
8.RDNT (6.00) Challenger Receives Stellar Results in Hot Boat Magazine Trials
9.MENV (.064) Micron Enviro Systems, Inc. Acquires 50% Interest in Six Significant New Oil Sands Sections, Including Two Directly Contiguous to Fort McMurray
10.CHND (3.80) China Direct, Inc.: CHND Acquires 60% stake in CDI Magnesium and 51% stake in Jinan Wanda New Energy
11.KRVR(.75) Karver International Inc to acquire Gemoscan International Inc
12.EXCS(.066)Execute Sports Rash Guard Sales/Production Up 400 Percent
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HYRF (.022) Files a Provisional Patent Feb 13, 2007 8:00:00 AM
APEX, NC -- (MARKET WIRE) -- 02/13/07 -- HydroFlo, Inc. (PINKSHEETS: HYRF) today announced its portfolio company HydroFlo Water Treatment, Inc. filed a provisional patent for a Dissolved Air Flotation (DAF) System. This system is designed to enhance existing DAF systems by improving the hydraulic throughput and minimizing the amount of energy required to remove the same amount of solids for industrial wastewater treatment applications.
Tom Barbee, the COO of HydroFlo Water Treatment, Inc., stated the systems' replaceable parts cost a fraction of conventional DAF systems repair parts, and may be customized for corrosive or explosive environments.
The system is now in use by several large food processors and is suitable for use in flammable atmospheres typically found in Petroleum refineries that require the use of inert gases for the removal of oil and greases.
HydroFlo Water Treatment, Inc. is a portfolio company of HydroFlo, Inc. (PINKSHEETS: HYRF), and is headquartered in Apex, North Carolina. HydroFlo's core focus is to seek out synergistic acquisitions that will provide capital appreciation and income from its portfolio companies. The mission of HydroFlo, Inc. is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment and removal of contaminants. For more information, please visit www.hydroflo.us.
Forward-Looking Statements
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors
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GLXI (.06) Announces Acquisition of Additional Uranium Mining Claims in Northern Quebec
PR Newswire "US Press Releases "
NEW YORK, Feb. 13 /PRNewswire-FirstCall/ - Globex, Inc. (GLXI: Pink Sheets), today announced that it has signed a letter of intent for the acquisition of 109 claims near the town of Tasjujaq in Northern Quebec, Canada. The Operations team is continually searching for and evaluating additional mining claims that may be acquired, in order to build a substantial asset base in the in the Northern Quebec uranium sector.
This region has significant proven Uranium reserves, and major players including Uranor Inc. and Canadian Royalties Inc are already exploring sites in the area surrounding Globex's claims.
Lead Project Manager Mr. Detinger stated: "We are very fortunate to be in the process of securing these valuable uranium mining claims."
Mr. Detinger went on to state: "Once we start rolling out the drilling equipment, we will move systematically from the areas further north to the southern region. Secondly, our initial exploration drilling will be concentrated in the key areas where our data revealed the presence of a large number of conductive responses occurring as conductive zones."
Globex also announced that its executive committee has organized the Company's operations into two distinct business segments: (i) Mining Exploration and Development and (ii) Ethanol technology development. This operational structure will allow Globex to effectively manage both of its businesses by allocating the personnel and resources as per the requirements of each segment.
Globex's Ethanol technology segment involves the development of an innovative pre-treatment method for the production of bioethanol. This process is an integral part of the biomass conversion method to produce ethanol from cellulose waste products; namely residues from crops, wood chips and pulp & paper. By transforming wood waste into bioethanol, it is a win-win scenario - greenhouse gases are reduced, air quality is improved and the forest and pulp & paper industries valorize their residues.
Globex is currently negotiating the terms related to the licensing of its leading-edge ethanol technology, with high level US public authorities. The vision of Globex's ethanol division is to identify new sources of energy and develop alternative 'green' energy solutions that not only protect but enhance the environment.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
SOURCE Globex, Inc.
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FMNJ (.03) Plan for Mining Operations at Cerro Rico de Potosi Presented to COMIBOL
Market Wire "US Press Releases "
LAS VEGAS, NV -- (MARKET WIRE) -- 02/13/07 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) President Jaime Melgarejo, Jr. has reported that Franklin's final study for mine operations at the Cerro Rico de Potosi was presented to the COMIBOL Board of Directors on Friday, February 2, 2007.
The study was prepared and presented by Z&H Consultora, Santa Cruz, Bolivia, consultants with mining expertise. This $145,000 investment fulfills Franklin's Phase I requirements under terms of the COMIBOL agreement. A response from the COMIBOL Board of Directors is expected in about ten days.
COMIBOL reports on Franklin's assigned Cerro Rico veins indicate yields totaling 36,274,137 troy ounces of Silver; 586,117,434 pounds of Zinc; and 159,518,908 pounds of Tin. The value of the five veins is estimated to be approximately $2.2 Billion USD. Profits from the mining operations will be shared equally with COMIBOL after Franklin's initial investment has been repaid.
Additional information on Franklin's Cerro Rico agreement is available at www.franklinmining.com.
About Franklin Mining, Inc:
Franklin Mining, Inc. has interests in the United States, Argentina and Bolivia which include a wholly owned subsidiary, Franklin Mining, Bolivia, as well as 51% interest in Franklin Oil & Gas, Bolivia and 51% interest in Franklin Oil & Gas, Argentina.
DISCLOSURES:
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
For Further Information check out our website www.franklinmining.com or contact: Investor Relations: Mr. Andrew Austin 1-702-386-5379
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MALMO, Sweden & IRVINE, California--(BUSINESS WIRE)--
Telelogic (STO:TLOG) (Nordic Exchange/MidCap/TLOG ), today announced an automated model-based testing solution for the embedded/real-time market that fully supports the Unified Modeling Language(TM) (UML(R)) 2.0 testing profile.
The new offering, which is a key component of the company's Design for Testability initiative, includes the latest releases of Telelogic Rhapsody(R) ATG and Rhapsody TestConductor(TM) products. These products improve test productivity, product quality and competitiveness, while reducing test and development costs by delivering the benefits of graphical modeling and automation associated with Model-Driven Development(TM) (MDD(TM)) into the testing domain. They also provide a migration path from traditional code-based test development to model-based testing, and offer a new graphical test development approach that works seamlessly with the Rhapsody MDD environment.
"Design for Testability is an initiative that moves testing from its traditional place as the last step in the development process to much earlier in the design phase. This enables developers to uncover errors sooner, when they are less costly to fix," said Ingemar Ljungdahl, Chief Technology Officer, Telelogic. "With the introduction of the latest version of Rhapsody ATG and TestConductor, developers can now create test cases quickly and can match the productivity gains made by developers and engineers working in a Rhapsody Model Driven Development environment. This approach can simplify testing even the most complex designs."
The new Rhapsody test solutions offer developers powerful benefits:
- Users can meet the challenges presented by increased design complexity by graphically modeling test cases, thus leveraging the power of abstraction provided by models.
- Users can increase their efficiency and flexibility by automatically generating the test harness and test cases, previously a time-consuming and error-prone process.
- Users can use the UML 2.0 testing profile to integrate the entire design and test process seamlessly into one cohesive MDD environment, improving configuration management and change propagation.
Rhapsody ATG and TestConductor are available now.
About Telelogic Rhapsody
Rhapsody is the industry's leading UML 2.0 and OMG SysML-based Model-Driven Development environment for embedded systems and software engineering. With advanced capabilities to extend UML 2.0, Rhapsody allows both function-oriented and object-oriented design techniques to co-exist in one environment. Rhapsody has won numerous awards including the Best in Show award at the Embedded Systems Conferences in San Francisco and Boston from VDC; the SD Times 100 for the third year in a row by taking top honors in the Modeling category; and the Model-Driven Development Focus of the Embedded Development Arena award. Rhapsody has been recently endorsed by Embedded Market Forecasters as the tool of choice for C developers.
About Telelogic
Telelogic(R) is a leading global provider of solutions for automating and supporting best practices across the enterprise - from powerful modeling of business processes and enterprise architectures to requirements-driven development of advanced systems and software. Telelogic's solutions enable organizations to align product, systems, and software development lifecycles with business objectives and customer needs to dramatically improve quality and predictability, while significantly reducing time-to-market and overall costs.
To better enable our customers' drive towards an automated lifecycle process, Telelogic supports an open architecture and the use of standardized languages. As an industry leader and technology visionary, Telelogic is actively involved in shaping the future of enterprise architecture, application lifecycle management, and customer needs management by participating in industry organizations such as INCOSE, OMG, The Open Group, Eclipse, ETSI, ITU-T, the TeleManagement Forum, and AUTOSAR.
Headquartered in Malmo, Sweden, with U.S. headquarters in Irvine, California, Telelogic has operations in 20 countries worldwide. Customers include Airbus, Alcatel, BAE SYSTEMS, BMW, Boeing, DaimlerChrysler, Deutsche Bank, Ericsson, General Electric, General Motors, Lockheed Martin, Motorola, NEC, Philips, Samsung, Siemens, Sprint, Thales, and Vodafone.
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WRNW (.02) Releases Results of Reserve Study in Northeastern Oklahoma
PrimeZone "PrimeZone "
TULSA, Okla., Feb. 13, 2007 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Pink Sheets:WRNW) has released the results of an oil reserve study that was commissioned on a 320-acre lease that the company currently owns and operates in Rogers County in northeast Oklahoma. Drilling records indicate that 119 wells were drilled on the 320-acre lease between 1917 and 1979. Production from the leases reached maximum levels of 9,000 barrels of oil per month during the 1970s. The wells were temporarily abandoned during the oil price collapse of the mid-1980s and the lease was abandoned by the operator. The Bartlesville sand was the primary producing horizon of the wells on the 320-acre lease.
Initial production rates from the 119 wells drilled on the 320-acre lease ranged from 5 to 60 barrels of oil per day. The reserve report estimated that only a small percentage of the original oil in place under the lease had been produced. Estimates of remaining recoverable oil reserves range from a low of 600,000 barrels of oil to a high of 1,200,000 barrels of oil if complete secondary and tertiary oil recovery projects are implemented. Utilizing the current $60 price of a barrel of oil yields a recoverable gross oil reserve value of $36-72 million.
Well Renewal expects production to be re-established in the wells contained on the 320-acre lease after an extensive workover program currently planned for the lease during the second quarter of 2007. Well Renewal will utilize the services of Pro-Formance Oil Field Services, LLC, a wholly owned subsidiary of Well Renewal. Pro-Formance will supply a workover rig to re-enter all of the wells located on the lease package to restore the wells to a producing status.
Will Gray, CEO of Well Renewal, stated, "This 320-acre lease has produced significant quantities of oil in the past and would still be producing today except for the collapse of oil prices during the mid 1980s which caused numerous wells in our operating region to be abandoned. In addition to the wells to be re-entered and production re-established, our geological and engineering staff has identified 20 additional drilling locations on this lease. We anticipate including these new locations in our 2007/2008 drilling and completion budget. We anticipate production levels in excess of 3,000 barrels of oil per month from this lease later this year. Successful completion of the drilling and production of these new wells will add greater than $2,000,000 to the revenues and cash flows for Well Renewal during 2007."
About Well Renewal, Inc.
Well Renewal, Inc., headquartered in Tulsa, Oklahoma, is principally engaged in oil and gas exploration as well as enhancement and recovery of abandoned and low production oil properties, oil field services and petrochemical distribution.
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
CONTACT: Well Renewal, Inc. E. Will Gray, CEO (918) 585-5101 Fax: (918) 512-4337 willgray*sbcglobal.net 320 S. Boston Suite 1026 Tulsa, OK 74103
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NPYC (.15) Signs Definitive Agreement and Introduces Key Management Team
Market Wire "US Press Releases "
NASHVILLE, TN -- (MARKET WIRE) -- 02/13/07 -- Nashville Records, Inc., a Tennessee Corporation, has signed a Definitive Agreement with Neuroscience Therapy Corp. (PINKSHEETS: NPYC). The Agreement was made and entered into on the 9th day of February, 2007 by and between Nashville Records, Inc. and Neuroscience Therapy Corporation, a Nevada corporation. Both parties have signed the agreement for Nashville Records to acquire all the shares of Neuroscience Therapy Corp. through a reverse merger. The company is also in the process of filing for the name change, new cusip#, and symbol change to better reflect the change in business direction. The company will provide press releases when changes occur to keep investors informed.
Nashville Records, Inc. is a Nashville-based record label located in the heart of Music Row. The key management and advisors were industry retired individuals that were dissatisfied with the direction in which the music industry was headed. In the past, this combined management team is credited with sales of well into the billions of dollars and has been responsible for hundreds of charted hits. The company will retain established hit generating artists and new artists as well, through both typical and unique marketing strategies. Several of the company's key people include:
Gene Sibbett, Founder / President -- Mr. Sibbett is an expert lecturer and has taught hundreds of budding writers. He was featured in Songwriters Digest 10 consecutive years and was responsible for signing Gary Meggs with two Top 10 hits. He opened or sound engineered for such legends as Dolly Parton, Roy Clark, Frank Sinatra, Vince Gill, Pure Prairie League, and numerous other artists. Mr. Sibbett co-owns a project-recording studio and served as the Chairman of the Board of Directors of a local Chamber of Commerce. With a background in music and business, he was selected for inclusion in the Marquis 2000 Millennial Edition of Who's Who in America.
Tim Riley, Vice President Creative Services & Marketing -- Tim Riley has over 90 gold & multi-platinum records for his marketing expertise. He promoted the first promotion tours of Billy Joel, Foreigner, Kansas, Journey, Ray Charles, Whitney Houston, Bette Midler, Dionne Warwick, Bread, and Aerosmith. His resume includes the promotion & marketing of over 1100 singles and 400 Charted albums. He produced over 100 World Radio Premiers for Dolly Parton, Brooks & Dunn, Shania Twain, Reba McIntire, Billy Joel, Leann Rhimes, Tim McGraw, Merle Haggard, Billy Dean, Keith Urban, Trace Adkins, Travis Tritt and numerous others.
Joe Mansfield, Advisor -- Mr. Mansfield is the current Marketing Director for Garth Brooks. He is the past Vice President of CBS and Capitol Records, as well as the past VP of RCA Records. He has marketed some of the biggest acts in the world including Paul McCartney, Willie Nelson, Neil Diamond, Michael Jackson, Bruce Springsteen, Charlie Daniels, Emmylou Harris, Kenny Loggins, Bryan White, Bonnie Raitt, Pink Floyd and numerous others. He has been awarded over 100 gold and multi-platinum records for his expertise. Mr. Mansfield launched Garth Brooks, and the Mansfield / Brooks marketing plan resulted in Garth selling 100 million units in less than 10 years; a marketing feat unmatched by anyone. The Garth Brooks / Mansfield total unit sales to date is well over 113 million units.
The Company has retained other well-known and highly successful industry executives that will be announced at a later date.
The statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
CONTACT: Neuroscience Therapy Corporation Raymond Johnson 1-866-639-3900
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RXPC (.10) Announces Order Processing Underway Feb 13, 2007 9:10:00 AM Copyright Business Wire 2007 WILMINGTON, Del.--(BUSINESS WIRE)--
Rx Processing Corporation (OTC:RXPC) continues its phased implementation in its return to fully operational status with the introduction of an enhanced online ordering system. This continuing action fosters an environment that enables access to lifesaving prescription medications and laboratory diagnostic products for advocates / pharmacies and the related community of health care providers.
Rx Processing Corp. has positioned itself to achieve a common goal since its introduction to the market in 2003. Critical to this process, we have taken innumerable actions to further secure our operational environment. The basis of the environment, defined by strength of leadership, relationships established with business partners, and a dedication to the needs of our advocates. We mutually identify, express and address the overall concerns of healthcare providers and our community. The proprietary operating environment will continue in its mission to increase the advocate base and in turn meet or potentially exceed revenue projections for fiscal year 2007.
"This established ordering architecture, effectively competes and positions the company to provide service to citizens in need of affordable health care solutions," stated CEO Peter Fiorillo. "Our dream, the well-being of our family, children, friends and community is exemplified in our resumption of online ordering."
O/S: 61,633,577 Float: 23,244,502 Shareholders: 450 Rx Processing Corp. is an innovator in the distribution of pharmaceutical medications and laboratory diagnostics managed at storefront locations with a direct to consumer delivery business model for 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.
Source: Rx Processing Corporation
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GZFX (.0014) ReelTime to Stream GNF Entertainment Networks Proprietary Syndication Programs Online
Market Wire "US Press Releases "
FRANKLIN, KY -- (MARKET WIRE) -- 02/13/07 -- The GNF Entertainment Network, a division of GameZnFlix, Inc.(OTCBB: GZFX), and ReelTime.com (PINKSHEETS: RLTR) jointly announced that they have entered into an agreement for GNF to provide ReelTime with a series of extreme sports, music programs and podcast segments for streaming rentals on ReelTime's click, point and watch Internet site.
"As a result of the NATPE 2007 show, we found that there was not only a demand for our channels but a demand for our in-house produced programming as well, and this agreement with 'Reel Time' is the first step in integrating and making our individual programming available on a streaming rental platform in conjunction with the GNF Digital's download to own platform," stated Gary Hohman, President of the GNF Entertainment Network.
The initial package to be provided to ReelTime includes the Music Row, Soundcheck, Inside Music Row, Vertical Limit, Game Bytes, White Noise, Rock'in The Look and Action X Sports series, which are also showing GNF Entertainment's streaming television and its two satellite networks. The shows highlight extreme sports and music and are targeted to the "video game playing" 15 to 35 year old male audience.
"The GNF shows will fit very nicely into our plans to offer niche programming designed to attract attractive demographics like the male 15-35 year old end user," said Barry Henthorn, CEO of ReelTime.com.
About GameZnFlix, Inc.
GameZnFlix is primarily an online video game and movie rental service that also allows its subscribers to have access to two satellite television channels, two streaming television channels, and VOD movies to purchase. With memberships starting as low as $8.99, subscribers can rent both video games and movies with no late fees or due dates. Membership for rental services is located on the Internet at www.gameznflix.com, streaming television is located at www.gnfent.com, and VOD is located at www.gnfdigital.com. A subscriber can purchase titles at a discounted rate at www.gameznflix.com.
About ReelTime.com
ReelTime.com's mission is to deliver diverse programming, for rental or by subscription, over its online broadband network, enabling viewers to watch whatever they choose, anytime and anywhere they want to see it -- all they need is a broadband connection. ReelTime offers the first DVD quality "Point, Click, and Watch" user experience available on the World Wide Web. ReelTime is providing the public the next generation of online viewing technology, designed with the built in capacity for unlimited growth. For more information, go to www.reeltime.com.
Notice: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. GameZnFlix cautions that these forward-looking statements are further qualified by other factors including, but not limited to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). GameZnFlix undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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DNAG (.015) and Code Amber(R) Form Partnership to Offer Storage of DNA Sequencing on Amber Stick(TM)
Market Wire "US Press Releases "
SARASOTA, FL and MANDEVILLE, LA -- (MARKET WIRE) -- 02/13/07 -- DNAPrint(TM) Genomics, Inc. (OTCBB: DNAG) and Code Amber® (www.codeamber.org) today announced a partnership under which consumers would be offered the ability to store a child's DNA sequence on a memory stick for instant accessibility and, at the same time, DNAPrint has become the sponsor of the Code Amber Ticker, a JavaScript news feed ticker that displays active Amber Alerts on an organization's web pages.
In cooperation with Amber Stick(TM) (http://codeamber.org/idkits.html?front), the only child identification system endorsed by Code Amber, DNA sequencing from DNAPrint(TM) will be stored on a flash memory device, along with photos and descriptions of the child.
Code Amber is the most recognized distributor of Amber Alerts on the Internet. With its powerful reach to more than 300,000 web sites and PCs displaying the Code Amber Ticker, millions are alerted when a child is missing or in imminent danger.
"When children are unintentionally separated from their parents by being lost, abducted or the victim of a disaster, time is critical," said Bryant Harper, President of Code Amber. "With all the identifying information stored safely and accurately in one place, parents can assist law enforcement in the crucial first moments of a reported disappearance. We are proud to have DNAPrint as our sponsor and to offer their dynamic technology to everyone."
DNAPrint(TM) is a trusted name with law enforcement agencies. They have offered support to international, federal and local authorities with its DNAWitness(TM) and AncestrybyDNA(TM) products, including federal cases in California and Louisiana, with local police in the Mammoth Lakes (Calif.) Murder Case, and with New Scotland Yard in the United Kingdom in the case of the so-called Minstead Rapist.
"With our close association with the law enforcement community, we have long known that our products were needed in the public sector," stated DNAPrint(TM) CEO and President Richard J. Gabriel. "DNA can be used for more than just identifying suspects, and can be extremely useful in tracking and identifying children after they have gone missing."
Mr. Gabriel continued, "We undertook this sponsorship to provide support for Code Amber. We also see the potential to support the marketing and sales efforts surrounding our consumer products, specifically the Company's proprietary DNA sequencing and storage products. Code Amber is one of many channels that DNAPrint uses to encourage parents to test and store their children's DNA for purposes of identifying certain gene markers that would indicate sensitivity to certain treatments for various diseases, such as an allergic reaction to penicillin, and Amber Stick is uniquely suited to this purpose in addition to being an aid to finding children when they go missing. We hope that parents everywhere will give serious consideration to availing the services available to them with Amber Stick, and we look forward to partnering with Code Amber in the sponsorship of the Code Amber Ticker."
About Code Amber
Based in Mandeville, La., Code Amber is the most recognized distributor of Amber Alerts on the Internet, reaching over 330,000 web sites and personal computers. A leader in the field of child advocacy, Code Amber offers a range of products and services to law enforcement, media, corporations and the public dealing with Amber Alert notification, child safety and information storage. Code Amber's signature Java Script Amber Alert Ticker and XML feed are used throughout North America. For more information, visit www.codeamber.org.
ABOUT DNAPRINT GENOMICS, INC.
DNAPrint Genomics, Inc. (www.dnaprint.com) is a developer of genomics-based products and services in two primary markets: biomedical and forensics. DNAPrint Pharmaceuticals, Inc., a wholly owned subsidiary, develops diagnostic tests and theranostic products (drug/test combinations) using the Company's proprietary ancestry-informed genetic marker studies combined with proprietary computational modeling technology. Computational Biology and Pharmacogenomics services are also offered externally to biopharmaceutical companies. The Company's first theranostic product is PT-401, a "Super EPO" (erythropoietin) dimer protein drug for treatment of anemia in renal dialysis patients (with end stage renal disease). Preclinical and clinical development of all the Company's drug candidates will benefit from simulated pre-trials to design actual trials better and are targeted to patients with genetic profiles indicating their propensity to have the best clinical responses. DNAPrint is proud of its continued dedication to developing and supplying new technological advances in law enforcement and consumer ancestry heritage interests. Please refer to www.dnaprint.com for information on law enforcement and consumer applications which include DNAWITNESS(TM), RETINOME(TM), ANCESTRYbyDNA(TM) and EURO-DNA(TM). DNAWitness-Y and DNAWitness-Mito are two tests offered by the Company. The results from these tests may be used as identification tools when a DNA sample is deteriorated or compromised or other DNA testing fails to yield acceptable results.
Forward-Looking Statements
All statements in this press release that are not historical are forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, but not limited to, uncertainties relating to technologies, product development, manufacturing, market acceptance, cost and pricing of DNAPrint's products, dependence on collaborations and partners, regulatory approvals, competition, intellectual property of others, and patent protection and litigation. DNAPrint Genomics, Inc. expressly disclaims any obligation or undertaking, except as may be required by applicable law or regulation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in DNAPrint's expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements are based.
DNAPrint Company Contact: Richard Gabriel CEO and President 941-366-3400 or DNAPrint Investor Contact: Ron Stabiner The Wall Street Group, Inc. 212-888-4848
Code Amber Company Contact: Linda Spagnoli Director of Communications 772-971-4816
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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NIHK (.082) Receives Order from Oklahoma Internet Service Provider Feb 13, 2007 7:00:00 AM Copyright Business Wire 2007
SAN ANTONIO--(BUSINESS WIRE)--
Nighthawk Systems, Inc. (OTCBB: NIHK), a leading provider of intelligent wireless power management and emergency notification solutions, announced today that it has received an order for multiple NH100 wireless rebooting devices from Oklahoma City-based OKC Broadband. OKC Broadband ordered units to prevent unnecessary outages and maintenance expense associated with servicing its network.
Nighthawk solutions like the NH100 enable customers to wirelessly and conveniently extend their reach, allowing them to turn on, off or reboot remotely located equipment at any time in seconds, from virtually anywhere. Expensive truck rolls and third-party service contracts are no longer required with Nighthawk products in place.
H. Douglas Saathoff, Nighthawk's CEO, stated, "Network operators continue to recognize the value of a wireless, out-of-band control solution for their network. We're pleased to continue to add customers like OKC Broadband that recognize how Nighthawk solutions can play an integral role in management of their networks."
About Nighthawk Systems, Inc.
Nighthawk is a leading provider of intelligent wireless power control products that enable simultaneous activation or de-activation of multiple assets or systems on demand. Nighthawk's installed customer base includes major electric utilities, internet service providers and fire departments in over 40 states. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations.
Individuals interested in Nighthawk Systems can sign up to receive email alerts by visiting the Company's website at www.nighthawksystems.com.
Forward-looking statements
Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.
Source: Nighthawk Systems, Inc.
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Nighthawk Systems Inc. Doug Saathoff 877-7-NIGHTHAWK Ext 701 dsaathoff*nighthawksystems.com
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STTC 0.031 0.00
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SoftNet Technology Secures New Fortune 500 Accounts ISELIN, N.J., Feb. 13, 2007 (PRIME NEWSWIRE) -- SoftNet Technology Corporation (OTCBB:STTC) (German WKN: A0B7RZ) is pleased to announce the Company recently secured engagements with two new Fortune 500 firms.
The Company has secured an initial agreement with Microsoft to become a partner provider in the deployment of their new SoftGrid / Softricity software services. Microsoft SoftGrid is the only virtualization solution on the market to deliver applications that are never installed, yet securely follow users anywhere on demand. SoftNet's consultants will support Microsoft with fully trained personnel who will work with users in their transition to the new software.
The second agreement is with a leading worldwide educational publishing, financial services, and information/media firm. The consultant engagements with this customer will be in the NYC/NJ area on a number of varied IT Infrastructure projects.
"Securing these new customers is a testimonial to SoftNet's sales team and the Company's ability to meet the IT Infrastructure needs of clients regardless of their size -- from 'main street U.S.A.' small businesses to global Fortune 500 accounts -- or geographic requirements. The Microsoft agreement further strengthens the relationship with this client as SoftNet was an existing Microsoft Partner through the Company's SMB Practice business. These engagements are an indication that the Company will execute and achieve the 2007 business plan," said 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, option 7, James Booth-CEO, or by e-mail at: investorrelation*softnettc.com
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.
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NAWL (.0019) Launches Outbound Sales Initiative with ePacific Global Feb 13, 2007 9:00:00 AM
SAN DIEGO, Feb. 13 /PRNewswire-FirstCall/ -- NatureWell, Incorporated (OTC Bulletin Board: NAWL), a company engaged in the development and marketing of proprietary, all-natural healthcare products, announced today that it has launched an outbound sales initiative intended to further expand its growing distribution network of healthcare professionals. The Company has entered into a relationship with Philippine-based ePacific Global Contact Center, Inc. ("ePacific") (www.epacificglobal.com), for business process outsourcing (BPO) of the Company's outbound MigraSpray(R) sales.
ePacific specializes in outbound and inbound client generation, customer service, business and data processing, technical support and outbound processes to companies primarily in the US, UK and Australia. Their highly specialized BPO expertise provides a cost-effective and practical solution for the outsourcing strategies and needs of the Company. In addition, ePacific has built a robust infrastructure consisting of state-of-the-art facilities with over 33,000 sq ft of operational area housing its workforce of 2,000. Call center agents at ePacific are generally college educated and have all undergone extensive sales and customer service training before being hired.
The Company recently completed a weeklong training program for a group of ePacific telemarketers who will be making outbound calls to healthcare professionals in a campaign intended to further expand MigraSpray sales. This group will be dedicated to MigraSpray sales and lead generation, and has been trained in product and migraine market knowledge by the Company.
James R. Arabia, Chairman and CEO, commented: "I am very pleased to begin working with our new Philippine partner. The ePacific telemarketers are highly motivated, aggressive and have an incredible work ethic. And we have secured their services at a fraction of what US-based outbound telemarketing services cost. While we are still in the early stages of this initiative, I am optimistic that this offshore telemarketing group will increase lead generation for our team of sales and customer service representatives here in the US. I see the addition of ePacific as an important step in helping the Company reach out to as many healthcare practitioners as possible as quickly as we can."
About NatureWell, Incorporated:
NatureWell, Incorporated (www.naturewell.com) is an emerging researcher, developer, and marketer of proprietary, all-natural healthcare products. The Company currently markets its flagship product MigraSpray (www.migraspray.com), a patented, over-the-counter, homeopathic medicine intended to be a comprehensive approach for the treatment and prevention of migraine headaches.
Statements made in this news release should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are based on management's beliefs and assumptions regarding information currently available, and are made pursuant to the "safe harbor" provisions of the federal securities laws. The Company's actual performance and results could differ materially from those expressed in the forward-looking statements due to certain risks and uncertainties that could materially impact the Company in an adverse fashion and are only predictions of future results, and there can be no assurance that the Company's actual results will not materially differ from those anticipated in these forward-looking statements. Such risks and uncertainties, include, but are not limited to, the Company's ability to secure adequate financing, the Company's ability to ship its products in a timely fashion, volume and timing of orders received, interruption of the manufacturing or distribution of the Company's products or of the supplies or ingredients used to manufacture the Company's products, the effectiveness of the Company's products and consumer perception as to the effectiveness of the products, competitive pricing pressures and the Company's ability to anticipate changes in the market. These and other potential risks and uncertainties are set forth in the Company's filings with the Securities & Exchange Commission. The Company has no obligation to publicly update or revise any of the forward-looking statements that may be in this news release.
SOURCE NatureWell, Incorporated
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James R. Arabia Chairman and CEO of NatureWell Incorporated +1-800-454-6790
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Phoenix Acquires Equity Position in Leisure Direct, Inc. Phoenix Becomes Schedule 13-D Filer of Leisure Direct, With Holdings of 11.9% of LDTI's Outstanding Shares Feb 13, 2007 5:00:00 AM MADISONVILLE, LA -- (MARKET WIRE) -- 02/13/07 -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) and Leisure Direct, Inc. (OTCBB: LDTI) announced today that Phoenix has purchased an 11.9% interest in Leisure Direct and will be shortly filing a Schedule 13-D relating to the 1,464,300 shares recently purchased at $0.09 per share.
Leisure Direct, Inc. is an emerging company in the Pool, Spa, and Backyard Recreation Industry. Its Chairman and CEO, John R. Ayling, stated, "We are indeed pleased to have Phoenix Associates as an investor in our company."
Mr. Ayling commented further, "Our goal is to consolidate a fragmented market. We intend to implement a multi-faceted and direct approach to sales and marketing that will enable LDTI to provide consumers with a wide range of products and services for pools, spas, and related patio products in a $12 billion segment of the $30 billion pool and spa industry. With Phoenix as an investor, with its three pool related business units and a strong knowledge of the pool and spa industry, we look to the potential of a growing synergistic relationship between our companies."
Mr. Alonzo, President and CEO of Phoenix, stated, "We have made this investment in Leisure Direct with an eye to the future. We appreciate the size and complexity of the pool and spa industry, and we believe that John Ayling and his team have identified a strong market of opportunity. Through our investment, we look to benefit from the growth of his company."
About Leisure Direct, Inc.
Leisure Direct, Inc., headquartered in Perrysburg, Ohio, is a unique and innovative company in the Pool, Spa, and Backyard Recreation Industry. Founded in December 1999, its mission is to become the premier, highest quality and most nationally recognized manufacturer and direct marketer of pool, spa/hot tub, and patio products in the United States. LDTI intends to implement its strategy by acquiring existing manufacturers of backyard entertainment products and building a direct marketing distribution network. For more information, visit http://www.leisuredirectinc.com
About Phoenix Associates Land Syndicate (PBLS)
Phoenix Associates Land Syndicate (PBLS) is a public holding company, with thousands of stockholders, that has purchased motivated companies in order to enhance its assets and income basis. Since 1978, PBLS has developed assets and/or interests in aviation, sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries. For more information, visit www.pbls.biz
Forward-Looking Statements
This press release contains statements that are "forward looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
For More Information Contact: John R. Ayling Leisure Direct, Inc. (419) 873-1111
Mike Mulshine Osprey Partners (732) 292-0982 osprey57*optonline.net
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Eternal Image Begins Posting Financial Information Tuesday February 13, 9:00 am ET Unaudited Financial Statement Now Available
(.0009) FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Eternal Image, Inc. (OTC:ETIM.PK - News), a public company engaged in the design, manufacturing and marketing of licensed image caskets and urns, today announced it began posting important financial information on the company's web site (www.eternalimage.net) and on www.pinksheets.com last evening (Monday, February 12.) The first document to be made available was the firm's Unaudited Financial Statement. ADVERTISEMENT
"We feel that posting key financial information is the next logical step in positioning Eternal Image for its transition from the Pink Sheets to the Over the Counter Bulletin Board (OTC:BB - News)," said James Parliament, CFO of Eternal Image. "While it is not required, our goal is to continue to be as transparent as possible to our shareholders. We will post financial reports such as this Unaudited Financial Statement as we work toward acceptance on the OTC:BB."
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and leading manufacturer and marketer of licensed image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball®, Precious Moments(TM) and the Vatican Library Collection(TM), as well as pet urns featuring the American Kennel Club(TM). For more information about EI, visit www.EternalImage.net or call 1-888-6-CASKET.
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