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CHNW (.0002) Announces Plans To Launch A Town Hall Forum For Its Shareholders
LAS VEGAS, NV, Feb. 1 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now). Cash Now is a public company engaged in the design, manufacture, marketing and distribution of customized payday loan and check cashing software and white label or private label back end office systems. Through it's www.cashnow.net site the company offers Internet-based payday loans and other sub prime financial utility tools. The company today announced that it intends to launch a 'town hall forum' for it's shareholders to enable it's shareholder base to be more informed and more transparent to it's shareholders. The company today retained an IR firm to assist in the creation of the content, and assigned it the first task of reviewing and preparing 'The Presidents Message' which the company prepared in a draft format. The company plans to host a 'chat type' forum and message board, and perhaps a video feed, that will be hosted by the company's CEO and/or other key staff of the company. Garr Winters, Cash Now's CEO, said, 'We felt that this was needed to keep our shareholders advised of all current affairs and we also felt we needed to go outside of our staff resource to be able to provide this type of service and content in a timely and quality fashion. We are also desirous of releasing the Presidents message as soon as possible and we are hoping that the launch of the Town Hall Forum; all of this can be done with the Presidents Message as our first virtual town hall meeting'.
In other company news, the company confirms that it has began to seek an alternate name change to better reflect its new planned addition of the business line; that being a Forex Introductory Broker; together with it's current business product lines that will remain unchanged. The company also plans on requesting a new QUSIP number and a new trading symbol in the very near future. Mr. Winters added, 'Our shareholders have been requesting and asking for this for some time now, and we also see this as the best route as well. The company will make a separate announcement on this topic in the very near future in accordance with the rules.'
Cash Now Background
Cash Now Corporation, a pioneer in the payday loan industry, is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. The company's proven business model includes licensing to corporately operate locations across the U.S. and Canada. Additionally, Cash Now's Web site is the most advanced payday-lending portal, offering key insight to clients and potential clients alike. Cash Now offers a payday loan license program, Payday Express; and a payday loan and check cashing license known as Check Express.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Cash Now's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Cash Now's periodic reports filed with the regulatory authorities.
M2 PressWIRE - February 1, 2007 - Asia Telecom Ltd. (Other OTC: ATLJ.PK) is proud to announce that the Company has opened its own Point of Presence (PoP) in the Russian Federation in Q4 of 2006 through collaboration with its joint venture partner. The technical site for the equipment is shared by the data-center of Golden Telecom Inc.
The Company has also made an application to the "Rossvyaznadzor" for the license to provide all Dial-Up, ADSL and VOIP services to residents in the city of Moscow and surrounding areas.
CEO Ayaz Karimov stated: "The establishment of a technical infrastructure and obtaining the relevant licenses are part and parcel of what it takes for our Company to arrive at its annual revenue target for our joint venture of US$30 million."
About Asia Telecom Ltd.
Asia Telecom, Ltd. intends to become a VOIP telecommunications company with a strategic focus on establishing and maintaining operations in Central Asia and Eastern Europe.
Safe Harbor Statement
The preceding includes forward-looking statements, which involve known and unknown risks, and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
((Comments on this story may be sent to info*m2.com))
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SFLK (.117) Announces Licensing Agreement for NetSign for Mobile
Mobile Security Technology Will Enable Biometric Associates, Inc., to Rapidly Address the Needs of Mobile Federal Workers KIRKLAND, Wash., Feb. 1 /PRNewswire-FirstCall/ -- Saflink(R) Corporation (Nasdaq: SFLK), a leading provider of solutions that verify identity, secure access and increase productivity, today announced a source code license agreement with Biometric Associates, Inc. (BAI), a developer of user authentication systems, for Saflink NetSign(R) for mobile middleware. The agreement provides BAI a non-exclusive license for use of NetSign for mobile in the development and subsequent sale of BAI's baiMobile(TM) products and integrated authentication and assured identification solutions.
NetSign for mobile was designed to expand the use of the Department of Defense's (DoD) Common Access Card (CAC) to the Windows Mobile(TM) environment. Developed specifically for Windows Mobile-based devices, the Saflink NetSign middleware enables CAC users to perform many of the same functions on their mobile device as available on the PC. NetSign for mobile significantly enhances security for DoD mobile workers by allowing mobile users to digitally sign, encrypt and decrypt email and documents, log on to secure Web sites and utilize other applications that require CAC authentication.
'We believe BAI will be able to effectively leverage our NetSign for mobile technology to create a compelling set of products that will help government workers securely access their networks while on the go,' said Brian Wilchusky, Vice President of Product Management, Saflink. 'Keeping in line with our new corporate strategy announced in October 2006, Saflink will continue to actively pursue similar licensing deals for our authentication technologies and strive to find partners who will be able to leverage Saflink technology in key markets.'
About Biometric Associates
Biometric Associates, Inc. is a unique developer, manufacturer, and integrator of user authentication systems, specifically designed to provide a high level of security and privacy protection. BAI identification sub-systems including related cryptographic and PKI implementations provide assured user confirmation. They can be integrated into smart cards, RF tokens, wireless communication devices, GSM cellular/GPS tracking and electronic monitoring systems. Additionally, BAI has extensive experience in Homeland Security Presidential Directive/HSPD-12 implementations and applications including Public Key Infrastructure (PKI) for logical and physical access control. Their technical staffs are experienced biometric integration specialists, application programmers, electrical engineers and cryptography experts. BAI believes that security and protection of privacy go hand-in-hand. The Company has offices in Maine and the Washington DC area. For additional information go to http://www.biometricassociates.com.
About Saflink
Saflink Corporation offers biometric security solutions and smart card and cryptographic technologies that help protect intellectual property, secure information and eliminate passwords. Saflink technologies provide the basis for identity assurance management solutions that allow administrators to verify the identity of users and control access to computer networks, facilities and applications. Winner of several awards in 2006, Saflink has been recognized by organizations such as Software Magazine's Software 500 and Access Control & Security Systems. For more information, please visit http://www.saflink.com or call 800-762-9595.
NOTE: 'Saflink' and 'NetSign' are registered trademarks of Saflink Corporation. All other trademarks and registered trademarks are owned by their respective companies.
Saflink PRESS CONTACT: Sterling Communications Katie James (206) 388-5764 kjames*sterlingpr.com
INVESTOR RELATIONS CONTACT: Investor Awareness, Inc. Tony Schor (847) 945-2222 tony*investorawareness.com
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INTK (.12) Begins Working With the Battelle Institute The Company Adds Battelle Institute to Its List of World Class Research Partners NAPLES, Fla., Feb. 1, 2007 (PRIME NEWSWIRE) -- Industrial Nanotech, Inc. (Pink Sheets:INTK), a company that specializes in nanotechnology innovation and product development, today announced that it will begin working with the Battelle Institute, focusing on innovative technology and product development.
Battelle is the world's largest independent research and development organization with 120 locations worldwide, including five national laboratories that it manages for the U.S. Department of Energy.
"Battelle's successful track record of 'helping commercial customers leverage technology into a competitive advantage' is at the core of what Industrial Nanotech has accomplished with the development of Nansulate. We began discussions with Battelle last year and through our meetings and phone conversations with their researchers, it became apparent that there existed strong synergies between their ongoing product development work and our own," commented Stuart Burchill, CEO of Industrial Nanotech, Inc. "We are very excited to work with Battelle as they have a long history of developing successful commercial products in collaboration with their clients, such as playing a significant role in the development of the original office copier machine by Xerox," continued Mr. Burchill.
Headquartered in Columbus, Ohio, Battelle conducts $3.7 billion in R&D annually through contract research, laboratory management, and technology commercialization. Battelle provides innovative solutions to some of the world's most important problems including global climate change, sustainable energy technologies, high performance materials, next generation healthcare diagnostics and therapeutics, and advanced security solutions for people, infrastructure, and the nation.
About Nansulate(tm)
Nansulate is a product line of water-based translucent insulation coatings containing a nanotechnology-based material well-documented to provide thermal insulation, prevent corrosion and resist mold. The entire Nansulate Product Line includes: Nansulate GP, Nansulate PT, Nansulate Chill Pipe, Nansulate High Heat, Nansulate HomeProtect ClearCoat and HomeProtect Interior, and Nansulate LDX.
Nansulate GP is a general purpose formulation designed for wood, fiberglass and other non-metal substrates and Nansulate PT is a direct to metal coating for pipes, tanks and other metallic substrates. Coatings that target extreme industrial environments include Nansulate Chill Pipe designed for low temperature applications on pipes and tanks and Nansulate High Heat designed for high temperature applications. Nansulate HomeProtect ClearCoat and HomeProtect Interior are designed for residential and commercial buildings and Nansulate LDX is designed for lead encapsulation applications.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for nanotechnology that address real-world needs through its funding of and participation in research with world-leading scientists and laboratories, including the U.S. Center for Integrated Nanotechnology (CINT) and Princeton Polymers Laboratories, Inc.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
CONTACT: Industrial Nanotech, Inc. (800) 508-6153 corporate*industrial-nanotech.com
Investors: ZA Consulting David Zazoff (212) 505-5976 PressReleases*Za-Consulting.net
LAS VEGAS, Feb 02, 2007 /PRNewswire-FirstCall via COMTEX/ -- Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now) Cash Now, is a public company engaged in the design, manufacture, marketing and distribution of customized Internet based payday loan and check cashing software and private label back end office systems, and in the developmental stage of a FOREX Introducing Broker (IB) platform, today announced that it plans to launch a test site (BETA) for the FOREX IB product range by February 28, 2007. The company has set a self-imposed deadline of early second quarter (Q2) to launch the fully functional FOREX site, and start generating revenues. The company plans on releasing the test url to qualified beta testers. The company has also indicated its desire to share the test url in the soon to be launched Virtual Town Hall. "Functionality, and user friendly features are paramount to any online type service providers and Cash Now is no different," added Mr. Richard Sciacchetano, Cash Now's advisor and project manager of the Forex product.
The company sees this as an opportunity to not only enhance the product's look, functionality and feel but also as an interactive way to kickstart the FOREX launch. The company confirms that Kevin Price, Cash Now's previous CEO, has started the process of obtaining and filing the necessary documentation to obtain clearances and approvals from the FOREX regulatory agencies to enable Cash Now towards becoming a full service FOREX trader. Mr. Price, who was employed in the past with other investment brokerage agencies, was a natural fit for the new FOREX trade position with Cash Now.
In other company news, the company has began migrating and reprogramming the Trust Vault payday advance back office that runs the Cash Now sub prime. Mr. Garr Winters, Cash Now's CEO said, "This is a delicate process as the Cash Now site is filled with many interactive landing pages. We are being extra careful in so far as making sure no compromises are made and that the FOREX addition does not disrupt our now existing core business and sales. The first quarter of 2007 is shaping out to be quite promising for our license sale division. Cash Now does not issue revenue guidance; however, this is something that we may also revisit in the near future, as the company thrives towards becoming more and more transparent to its shareholders."
Cash Now Background
Cash Now Corporation, a pioneer in the payday loan industry, is developing the most comprehensive menu of services in the cash advance industry, all centered on the Internet model. The company's proven business model includes licensing to corporately operate locations across the U.S., Canada, and Australia. Additionally, Cash Now's Web site is the most advanced payday-lending portal, offering key insight to clients and potential clients alike. Cash Now offers a payday loan license program, Payday Express; and a payday loan and check cashing license known as Check Express, and the industry first real time booking engine.
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Alcar Chemicals Group Receives Competing Offer via COMTEX
February 2, 2007
MONTREAL, Feb 02, 2007 (MARKET WIRE via COMTEX News Network) --
Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) announces today that it has received a competing offer from a consortium located in South East Asia.
According to the company, Alcar Chemicals Group received a competing offer from a consortium of private investors, technology fund and venture capital, further to a recent due diligence process. The group has tabled a combined licensing and financing offer which represents a far better offer for our shareholders with terms and conditions which were presented to USSE and which they declined. The agreements with the Asia fund are being pursued and the next milestone is expected by mid-February.
"The strategic timing of this response shortly after our most recent announcement about our developments with USSE is surprising but also very exciting. It is a bona fide offer representing tremendous shareholder value. Management is now reviewing this premium offer and we will be able to disclose further details in a timely manner," said Dr. Cavasin, CEO of Alcar Chemicals Group. "Evidently we opted to fully concentrate on this offer and, therefore, all further negotiations with USSE have ceased," further added Dr. Cavasin.
About The Alcar Group
The Alcar Chemicals Group (PINKSHEETS: ACMG) represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers as well as an increased requirement for ethanol and biodiesel. ACMG has been concentrating on innovative methods for biomass (forestry waste, agricultural waste and non-food crop) valorization for the past decade, specifically petroleum-independent fuel and plastics resin production. Its proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and bio-diesel, allowing production at cost savings of up to 40% when compared to current production methods.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Investor Contact: Steven Sung Steven*alcarchemicalsgroup.com
SOURCE: Alcar Chemicals Group
mailto:Steven*alcarchemicalsgroup.com
Copyright 2007 Market Wire, All rights reserved
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Pilgrim Petroleum Reports 2006 Year End Financial Results, Record Revenues and Net Income Friday February 2, 3:45 am ET
IRVING, Texas--(BUSINESS WIRE)--Pilgrim Petroleum Corporation (PINK SHEETS: PGPM - News; FWB: PHV) is pleased to announce its financial results for the fiscal year ended December 31, 2006. Exceeding expectations, Pilgrim's Net Revenues for the year totaled $1,471,507 as compared with $150,544 in 2005, an increase of more than 800%. Net Income was $516,814 compared with $38,601 last year, an increase of more than 1000%. Annualized return on average assets was 43.2% and return on average equity was 47.6% for the year ended December 31, 2006. Additional highlights and current financial ratios are the following:
Net Profit Margin=35%. Pilgrim's management demonstrates its competitive edge by its cost structure control. Still the company maintains its "No Debt" condition, keeping focus on its obligations solely to its stockholders. Results of prospective resources are: Low-3.98 BCF, 996 MBbl; Best-7.32 BCF, 1,832 MBbl; and High-10.70 BCF, 2,676 MBbl. Pilgrim's Estimated Future Net revenue (before income taxes) is $102,370,000 and a Net Present Value at 10% discount rate of $52,050,000. Rafael Pinedo, President and CEO of Pilgrim Petroleum Corporation, commented, "2006 Results exceeded our expectations across the board, Pilgrim Petroleum is a young, fast growing company with great potential. These figures show record achievements in just one year. With this strong start, Pilgrim is committed to continue its growth pace and development of its properties for the new fiscal year. Approval of the company's buyback program, indeed reflects not only our strong belief that Pilgrim's stock is undervalued, given our current reserve prospect and economic evaluation, but also our commitment to shareholder's wealth maximization. Our next step is focused on our audited financial statements and SEC filings as well as management's update to shareholders about its 2007 Strategic Plan/Business Outlook and Exploration Program."
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Pilgrim Petroleum Reports 2006 Year End Financial Results, Record Revenues and Net Income via COMTEX
February 2, 2007
IRVING, Texas, Feb 02, 2007 (BUSINESS WIRE) --
Pilgrim Petroleum Corporation (PINK SHEETS: PGPM) (FWB: PHV) is pleased to announce its financial results for the fiscal year ended December 31, 2006. Exceeding expectations, Pilgrim's Net Revenues for the year totaled $1,471,507 as compared with $150,544 in 2005, an increase of more than 800%. Net Income was $516,814 compared with $38,601 last year, an increase of more than 1000%. Annualized return on average assets was 43.2% and return on average equity was 47.6% for the year ended December 31, 2006.
Additional highlights and current financial ratios are the following:
-- Net Profit Margin=35%. Pilgrim's management demonstrates its competitive edge by its cost structure control.
-- Still the company maintains its "No Debt" condition, keeping focus on its obligations solely to its stockholders.
-- Results of prospective resources are: Low-3.98 BCF, 996 MBbl; Best-7.32 BCF, 1,832 MBbl; and High-10.70 BCF, 2,676 MBbl.
-- Pilgrim's Estimated Future Net revenue (before income taxes) is $102,370,000 and a Net Present Value at 10% discount rate of $52,050,000.
Rafael Pinedo, President and CEO of Pilgrim Petroleum Corporation, commented, "2006 Results exceeded our expectations across the board, Pilgrim Petroleum is a young, fast growing company with great potential. These figures show record achievements in just one year. With this strong start, Pilgrim is committed to continue its growth pace and development of its properties for the new fiscal year. Approval of the company's buyback program, indeed reflects not only our strong belief that Pilgrim's stock is undervalued, given our current reserve prospect and economic evaluation, but also our commitment to shareholder's wealth maximization. Our next step is focused on our audited financial statements and SEC filings as well as management's update to shareholders about its 2007 Strategic Plan/Business Outlook and Exploration Program."
About Pilgrim Petroleum Corporation.
Pilgrim Petroleum Corporation (PINK SHEETS: PGPM) (FWB:PHV) is an independent oil and gas company based in Irving, Texas. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests primary on marginal fields. Once acquired, the company intends to redevelop each property to maximize the income from each property by refurbishing and improving the existing production.
Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.
2006 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
SOURCE: Pilgrim Petroleum Corporation
Pilgrim Petroleum Corporation, Irving Eddie Monet, 619-864-0166 www.apetroleum.com
Podium Venture Group, Inc. Announces LOI has been reached to acquire remaining 51% of N'East Magazine
Business Wire "US Press Releases "
PORTLAND, Maine--(BUSINESS WIRE)--
Podium Venture Group Inc. (PDVP), an apparel, media, and publishing holding company in the lifestyle sports industry announced today that it has reached an agreement with the members representing the remaining 51% of N'East Magazine. The closing of this acquisition would bring Podium Venture Group, Inc. its second wholly owned subsidiary.
"We started this process over a month ago - once we closed on the 49% we knew we wanted the remaining 51%. Given the acquisition's sensitive nature and the current PPS, the closing was delayed slightly to ensure a seamless transition. The good news is we have reached an agreement to bring 100% of N'East Mag into the company. Unfortunately there won't be much time for celebration - between the next issue's release scheduled for late February, the US Open of Snowboarding in March, the VT Freeskiing Open soon after that, and the release of our other subsidiary Erino Clothing's 2007 line; it's crunch time," Jim McGinley, President & CEO, Podium Venture Group, Inc.
N'East Magazine (www.neastmag.com) can be found at Borders, Barnes & Noble, Eastern Mountain Sports, REI, Hudson News, Universal News, Shaws, B. Dalton, and independent bookstores and retailers nationally.
This acquisition will be made possible through restricted stock and is scheduled to close on February 8th, 2007.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Rx Processing Corporation (OTC:RXPC), a source of low-cost prescription medications and diagnostic laboratory tests for millions of Americans announces the board of directors declares on February 1st, 2007 an annual stock dividend to be paid on March 15th, 2007 to all shareholders.
Rx Processing Corp. shareholders will receive 3.5 shares of Rx Processing Corp. for every 100 shares held on the record date of February 21st, 2007.
Chairman Peter Fiorillo stated, "This action by the board of directors to declare a dividend in 2007 maintains RXPC's commitment to its shareholders for mutual benefit and furthers our long term relationship. "
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 corporate friendly 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
-------------------- The difference between genius and stupidity is that genius has its limits
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