Garr Winters Cash Now Corporation (CHNW) CEO Open Letter To its Shareholders And An Update On Cash Now Business Developments LAS VEGAS, NV, Feb. 9 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now), CEO Garr Winters comments on recent and upcoming achievements for Cash Now Corporation. I would like to take this opportunity to update all of our shareholders and those following our stock with this long overdue 'President's Message.' It's been an exciting few weeks since I took on the position of CEO. As there has been a lot of news announced recently, and our business plans continue to roll-out, I wanted to take the opportunity to step back and discuss our achievements as well as business opportunities moving forward.
Continuing Operations:
As many of our shareholders are aware, we are continuing to make good progress within the Payday Loan business aggregation industry. This is after having our active operations virtually suspended, or shall I say on 'life support system' between August 2005 and July 2006. This suspension was primarily due to the severe hurricane related damage to our Florida offices, and constant business interruptions that followed. This was compounded by the fact that we had just started closing our Toronto Canada head office and started migrating the whole infrastructure and operations to Florida.
Luckily, we are nothing if not resilient. For example, our staff and contractors had to work from home and in remote offices in Canada. I am proud that the team all pulled together to regroup and to reinstate Cash Now and get it back to full operational status.
I can safely say that our infrastructure, Internet operations, management and key staff are at back at full bench strength. I know this from personal experience, having started with the company as a sales consultant many years ago. On my journey to becoming CEO, I have been responsible for nearly every aspect of Company operations at one point or another. Most people that I consider good friends and colleagues tell me that Cash Now is my complete passion. I would have to say that this assertion is not too far from the truth.
Moving forward, and now that this interruption is behind us, our focus in this industry will continue to emphasize licensing of our comprehensive suite of sub-prime financial services software products. Over the years, we have developed a comprehensive and sophisticated set of Internet based services. With the bulk of R&D complete, our burn rate is low, and incremental revenue beyond the break even point of fixed costs generates very attractive gross margins.
What's Next :
Our immediate plans are to sell off our 'non core' business models that encompassed Cash Now. We are hoping that the sale of these assets will further enhance our capitalization without the need to secure additional financing through debt or otherwise.
In the very near future, we are planning on launching our retail Forex trading service.
Management believes that Forex trading offers geometric growth potential. The Forex market offers huge potential. According to International Financial Services, London, the average daily global turnover in traditional foreign exchange market transactions totaled $2.7 trillion in April. Foreign exchange trading increased by 37% between April 2005 and April 2006 and has more than doubled since 2001. It is estimated that retail trades represent only 2% of the total market.
We have previously announced the establishment of an introductory broker agreement with Advanced Markets. Based on this, we are coming to market with an innovative new approach aimed at the seasoned day trader. Just this week, Mr.Richard Schacchatano, our Forex Development Manager, began the search for a full service Forex Broker Dealer agency. His efforts and our ambitions to enter the Forex market have began producing opportunities for new strategic partnerships and business relationships.
Cash Now is positioning itself quite uniquely, and perhaps to some degree with an innovative approach that has not been explored before by traditional retail Forex marketers.
We are not looking to grow the market by attracting new participants, a common approach of most Internet-based trading platforms. Our target market is experienced Forex traders who want the absolute best deal available. They don't need educational tools. They want a 2 pip spread that really is a 2 pip spread. The traders want transparency, immediate transactions, and a live feed directly off the Electronics Banking System.
How are we different than our competitors? The advertising claims may sounds similar, but, like an iceberg, 90% of the story is beneath the surface. It is fair to say that Cash Now has always challenged the conventional way of thinking and the conventional wisdom. I will try to explain how our approach will yield long term results, with a defensible position against competitors.
Essentially, the spread quoted on virtually all retail trading platforms, is not a direct feed from the Interbank Quote. Brokers are regulated by FCM as a 'market maker.' As such, they are required to post both bid and sell prices. However, because they make the market, they get to establish the final buy and sale quotes on their retail trading platforms.
Simply put, they are not required to quote the current 'exact' Interbank rate at the time a trade is placed, and often trail the Interbank market. Thus, it may appear that traders are receiving a 2 pip spread, while in reality, it may be significantly larger.
We have found that experienced traders eventually pay for their own live feeds on the Forex, and eventually figure out that pips are somehow disappearing in their trading.
This is our target market!
With our IB relationship, we will offer true 'straight pass-through Forex dealing.' No slippage or skuing, and no dealing desk. Our clients will be hooked up directly to a platform originally designed for institutional traders with $100 million plus positions. There is no intermediary retail platform, and no capability to manipulate the quoted bid/ask.
We feel strongly, and conventional wisdom concurs, that Cash Now will attract serious day traders, who are actively trading large positions. They will be charged an honest 2-3 pips depending on the currency pair, directly off the Interbank rate. They will also pay a small transaction fee for each trade. As the word spreads through the industry of the services offered by Cash Now and its affiliates and as our advertising budget and revenue stream increase, we feel confident that our client base will grow organically.
In summary, we see parallels in retail Forex market development similar to the growth of discount stock trading. It will continue to grow geometrically. Active traders will demand the lowest price options, and will find them.
We intend to leapfrog the market, and offer seasoned traders a true discount service.
This is the Cash Now vision.
Timing:
Our goal is to have our Forex Beta site up and running by the end of February. Full live trading services are targeted to be live early in the second quarter.
Corporate Vision:
We believe that we have vital core competencies in Internet delivered financial services to a consumer market. As such, we will look for additional business opportunities that have the following attributes:
- Consumer facing - Financial Services - Internet delivered
We are exploring some longer term product opportunities that we have identified during the last few months. These are in line with our corporate mandate, and represent additional opportunities to offer horizontal expansion of our product/service portfolio.
We will also be actively exploring vertical integration opportunities within our new Forex financial service offerings. Our roots are in the Internet and franchising. One possible revenue stream that we are seriously exploring is the idea of offering the Cash Now model as a franchise or an Agency type relationship. This could add more revenue and more clients to our system.
These opportunities will continue to be explored, however, our short term focus is squarely on developing our Forex trading platform.
Corporate Activity:
We are striving to provide our shareholders with value to the best of our abilities. This has been hampered recently, in our opinion, by aggressive short trading.
Additionally, the Cash Now name that has served us so well in the past, is no longer an adequate description of our corporate activities. It is our intent to register a new corporate name, trading symbol and CUSIP Number. We have conducted a thoroughly exhaustive name search and have chosen the one that we feel will accurately describe our business activities and the model. We have instructed our advisors and our agents to begin the process of registering Esprit Financial Group Inc as our new name. This will more accurately reflect our business activities moving forward.
For those shareholders wondering about financing, I can advise you that we are not currently seeking additional funding to support our Forex launch. We believe our capital position is adequate to bring this new division into full operation.
Importantly, these actions, when taken together, will force short sellers to close off their positions against the Company, and reduce the downward drag on our stock price in the recent past.
With the launch of our new Forex product, we believe short sellers will have to move to the sidelines. Simply put, we have a strong belief that our Forex business will add very significant value to the Company, and will drive aggressive growth moving forward. Shorting our stock will carry a significantly greater risk.
I will continue to strive to ensure our corporate activities are as transparent as possible, and continue to issue news as the Company moves forward with our Forex launch and other activities.
About Cash Now
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.
The Company is currently in the process of expanding its product portfolio by bringing a retail Forex trading platform to market, targeted to seasoned day traders.
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.
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APPI (.0055) Announces Completion of Acquisition of Biodiesel Producer World Health Energy, Inc.
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 02/09/07 -- Advanced Plant Pharmaceuticals, Inc. (OTCBB: APPI) today announced the closing of its acquisition of World Health Energy, Inc., an emerging energy company focused on biofuels and renewable energy production and distribution. A Current Report on Form 8-K containing details of this transaction will be filed with the Securities and Exchange Commission on or before February 13, 2007.
APPI's board of directors has adopted a resolution to change its corporate name to World Health Energy, Inc., to reflect the acquisition of World Health Energy, Inc. and the new business plan to focus on biofuels and renewable energy production and distribution. APPI anticipates the name change will be completed within thirty days. A new ticker symbol to reflect the corporate name of World Health Energy, Inc. will be issued after the name change has been effected.
World Health Energy, Inc. plans to use renewable, cost-effective agricultural products domestically and around the world to develop natural alternative fuels. World Health Energy's proposed biodiesel production plants are expected to be designed to produce biodiesel that complies to or exceeds international biodiesel production requirements and standards, including the European standard for Biodiesel EN 14214 as well as ASTM D6751 specifications.
The company plans on utilizing ultrasonic processing to produce its biodiesel, which the company's management believes is more effective (than the conventional batch reactor process). This ultrasonic process can produce biodiesel (with yield in excess of 99%) in under 5 minutes as compared to the conventional batch reactor process which can require an hour or more. The company believes that the higher yielding process should provide the company with production cost advantages.
To be added to Advanced Plant Pharmaceutical's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir*advancedplantpharm.com.
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LTDN (.213)A Letter From the CEO of Latitude $4 Million Projected Sales for 2007
Market Wire "US Press Releases "
MIAMI, FL -- (MARKET WIRE) -- 02/09/07 -- Latitude Industries Inc. (PINKSHEETS: LTDN), a manufacturer of high-quality sport fisherman and center console boats.
Letter from the President and CEO:
I am Carolina Hernandez, President and CEO of Latitude Industries. Latitude Industries is the manufacturer of Latitude Powerboats. We are a public trading company under the stock symbol LTDN.
We are proud to announce a major milestone accomplishment. These are exciting times for our company. As we embark on the launch of our new and re-designed 26 SS Offshore Center Console and the all new 33 Super Sports, with the completion of both boats ahead of schedule and ready to show at major Boat Shows around the nation. Having both boats completed before the ending of the First Quarter of 2007 gives us a great advantage for the summer boating season. The company has also retained Evensuns USA to establish our e-comments with a complete new website, brochures, and marketing pieces that will enable us to begin marketing and sales of both models in the first Quarter of 2007. We are projecting sales of 40 boats for this model year generating approx. $4 million dollars in revenues.
At this time I would like to personally thank all our past, present and future shareholders who have been and will be part of making the best boat company in the world. We hope that you are as proud as we to be part of this exciting company.
Please visit our web site at www.latitudepowerboats.com or e-mail us at sales*latitudepowerboats.com or call us at 305-758-BOAT
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AOGS (.054) Continues to Develop Enhancement Plan for Upshur County, Texas Property 2/10/2007
MINNEAPOLIS, Feb 10, 2007 (BUSINESS WIRE) -- Avalon Oil & Gas, Inc., (OTCBB:AOGS) has made significant progress on the identification of workover opportunities in the New Diana property located in Upshur County, Texas. Avalon and its partners have continued the evaluation of the remaining wells in the field, and have developed preliminary plans to workover at least two wells on the property. The workover plan, procedure, and AFE for the most impactful opportunity are anticipated to be finalized within the next three weeks, with operations on that project to commence soon thereafter. This workover, which will include the replacement of a submersible downhole pump and installation of an incremental saltwater disposal pump, is anticipated to be a cost effective enhancement of production from the Woodbine formation.
About Avalon Oil & Gas, Inc.
Avalon Oil & Gas, Inc. is an oil and gas company engaged in the acquisition of oil and gas producing properties with multiple enhancement opportunities.
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ERHE (.395) Reports First Quarter 2007 Financial Results 2/9/2007
HOUSTON, TX, Feb 09, 2007 (MARKET WIRE via COMTEX News Network) -- ERHC Energy Inc. (OTCBB: ERHE) today reported financial results for the first quarter ended December 31, 2006.
As of December 31, 2006, ERHC reported cash assets totaling $38 million.
During the three months ended December 31, 2006, ERHC's interest income increased to $543,632 due to a significant cash balance related to proceeds from the sale of participation interests in Blocks 2, 3 and 4 of the Joint Development Zone (JDZ) last fiscal year. ERHC's net loss was down to $522,142, compared with a net loss of $1,228,984 for the three months ended December 31, 2005. General and administrative expenses during the first quarter increased marginally by approximately $100,000 over the same period a year ago.
The payment of income taxes had the greatest impact on the Company's financial statement. ERHC paid approximately $3 million in income taxes during the first quarter.
"Our financial standing remains strong, with a comfortable cash position," said Acting Chief Executive Officer Nicolae Luca. "When the right opportunity is identified, we intend to leverage our cash position as part of a focused acquisition strategy targeting a credible portfolio of low- to medium-risk properties."
ERHC also clarified the Company's original working interest in JDZ Block 9. In the Company's annual report and accompanying news release, ERHC's original working interest in JDZ Block 9 was mistakenly disclosed as 15 percent. The correct figure is 20 percent.
JDZ Original Working RetainedBlock # Interest Percentage Percentage Signature Bonus Payable------- ------------------- ---------- -----------------------2 30% 22% Signature Bonus Free3 20% 10% Signature Bonus Free4 25% 17.7% Signature Bonus Free5 15% (a) Signature Bonus Payable6 15% (a) Signature Bonus Free9 20% (a) Signature Bonus Payable(a) No contracts have been entered into as of the date hereof. About ERHC Energy
ERHC Energy Inc. is a Houston-based independent oil and gas company focused on growth through high impact exploration in the highly prospective Gulf of Guinea and the development of undeveloped and marginal oil and gas fields. ERHC is committed to creating and delivering significant value for its shareholders, investors, and employees, and to sustainable and profitable growth through risk balanced smart exploration, cost efficient development and high margin production.
Safe Harbor Statement
This press release contains "forward-looking statements," including statements about ERHC Energy Inc.'s future operating milestones, financing plans, as well as other matters that are not historical facts or information. These forward-looking statements are based on management's current assumptions and expectations and involve risks, uncertainties and other important factors, specifically including those relating to the Company's ability to exploit its commercial interests in the JDZ and the exclusive territorial waters of Sao Tome and Principe, that may cause the Company's actual results to be materially different from any future results expressed or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise, nor is there any assurance that the contemplated financing will be effected, under the terms set forth herein or any other terms.
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SNTX (.06) Signs Binding MoU to Acquire Vitelcom Mobile Technology, S.A. Feb 9, 2007 4:37:00 PM 2007 *********wire, Inc. CLEVELAND and MALAGA, Spain, Feb. 9, 2007 (PRIME NEWSWIRE) -- Henrik Rubinstein, President of Sentex Sensing Technologies, Inc. (OTCBB:SNTX) (http://www.sentextech.com), signed today a Memorandum of Understanding to acquire Vitelcom Mobile Technology, S.A. and their subsidiaries Purple Labs (France) and Vtech Holding (Mexico). This acquisition will support the future sale of Biometrics driven Sentex Mobile products. Carlos Carrero, the sole shareholder of Vitelcom agreed in a "firm and binding" MOU to exchange shares of SNTX.OB for 100% of Vitelcom's common shares.
By virtue of this binding Letter of Intent, engineered by Balmoral Capital Holdings Inc. ("Balmoral") www.balmoralfinancial.com and Miramar Capital, S.L. ("Miramar"), Vitelcom becomes a new subsidiary to SNTX.OB. Vitelcom produced over the last 4 years cumulative revenues in excess of $1.1 billion dollars.
Henrik Rubinstein, Sentex President, stated, "We agreed to an exchange of shares for 100% of Vitelcom to move Sentex products strategically into this strong market. More acquisitions should follow soon."
The deal is subject to completion via comprehensive acquisition documentation.
About Sentex Sensing Technologies, Inc.
Sentex Sensing Technologies, Inc. is a multimodal biometric technology company. Sentex provides fingerprint, facial and voice biometric technologies, as well as systems, and critical system components that empower the identification of individuals in large-scale ID and ID management programs.
About Vitelcom Mobile Technology, S.A.
Vitelcom Mobile Technology, S.A. (www.vitelcom.es) is a mobile phone manufacturer located in Malaga, Spain. The company has a product range that includes 3G, i-mode and Linux-based technologies and has manufacturing facilities capable of producing over 5 million phones a year. Vitelcom sales are distributed amongst Spain and Latin America mainly for the Telefonica Moviles group.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sentex, and members of its management as well as the assumptions on which such statements are based, updated or revised forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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JERUSALEM, Israel, February 11 - IDenta Corp. (OTC Pink Sheets: IDTA - News) announced today that it has agreed to enter a strategic partnership with Jant Pharmacal, www.accutest.net, based in Encino California. The agreement is for Jant to have the exclusive distribution of IDenta's STINGER line of professional drug identification products in the United States. The products will bear the new co-brand name of Accutest-IDenta.
"This agreement once again confirms the representations our company has put forth now for many years," stated Yaacov Shoham, CEO of IDenta Corp. "IDenta has a superior drug detection product line which performs with 100% accuracy. Jant Pharmacal is an outstanding company to be associated with, and IDenta is committed to developing a partnership which we believe will help further our reputations as industry leaders. I want to personally thank Mr. Eyal Golan, Manager of Business Development for Jant Pharmacal for his expertise in negotiating this agreement, and for the long hours he has put in to get this far in such a very short time. We expect that the sales of Accutest-IDenta to have an immediate impact on our revenues."
The relationship with Jant Pharmacal has been in development for only a few months with IDenta's products being successfully demonstrated by the company at several major events last months including: 1. 42nd California Narcotic Officers' Association Expo 2. The National Safety Council's Congress & Expo in San Diego 3. COPSWest - Americas Premier Law Enforcement Expo
The events resulted in a very large numbers of leads for IDenta products all over the country, which helped initiate the resulting strategic partnership between the two companies.
Jant Pharmacal currently has over 50 representatives in the United States who are selling the company's drug and explosive detection products to law enforcement and security agencies on the federal, state and local level. A very detailed strategic plan for the introducing the Accutest-IDenta product line to the company's representatives, and their client base has already been developed. Some changes are currently being made to enhance the new product's packaging, as well as formalizing revised training procedures.
The new Accutest-IDenta products are expected to be ready for a final launch in March, but will soon be placed on the Accutest website, www.accutest.net
About Jant Pharmacal:
Jant Pharmacal Corporation was founded in 1986, with a specialization in diagnostics products for the point-of-care markets, including medical, safety/industrial and homeland security segments. Jant Pharmacal Corporation offers one of the largest selections of drug testing products and services in the United States, with an active network of sales representatives and established channels of distribution. Products are marketed under Jant's proprietary labels, including Accutest? and Accustrip?, through national and international distributors, as well as through client private labels.
Jant's products are used in many settings including the workplace, drug treatment centers, hospitals, laboratories, police, probation and parole, and narcotic enforcement agencies. In addition to the United States, Jant Pharmacal Corp also has extensive distribution internationally.
ABOUT IDENTA
Since 2003, IDenta Corporation has become recognized as a world-wide leader in the development of proprietary on-site drug detection kits and most recently explosive detection kits. IDenta develops, manufactures and distributes products for the both professional and civil markets which consistently pass the highest qualifications and testing procedures of law enforcement and security agencies around the world. The company has corporate representatives in 20 countries including companies in the U.S., China, France, Indonesia, Poland, Great Britain, Argentina, Ghana, Venezuela etc. Information concerning IDenta's business plan and product line, may be found at www.identa.biz and www.drugsdetector.com.
For Investor Relations, lobbying interests or information concerning IDenta's products internationally contact:
For Investor Relations in the United States contact:
Randy Jacobs, US Corporate Spokesman IDentaNews*sitcomllc.com +1-800-316-9437
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements" that are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future. -------------------------------------------------------------------------------- Source: IDenta Corp.
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CVNI (.43) and Velocity Entertainment, Inc. Close Acquisition for 100% of Velocity Shares Feb 10, 2007 11:42:00 PM Copyright Business Wire 2007 HOLLYWOOD, Calif.--(BUSINESS WIRE)--
Clearvision International Incorporated (OTC:CVNI) will close its acquisition for 100% of Velocity Entertainment, Inc. shares on Monday, February 12, 2007. As a result Kent Jacobs will become CEO of Velocity Entertainment, Inc. and Russ Regan has become CEO of Clearvision International, Inc. Both men will act as directors on Clearvision International, Inc.'s board of directors.
About Velocity Entertainment, Inc.
Velocity Entertainment Incorporated is a home to all artists who are able to express their talents in an environment of integrity. The music produced, promoted, and marketed at Velocity is done so with the intention to have a positive influence on those who hear it and to be a source of inspiration to future generations. Velocity will be synonymous with positive music, and be the leading source of artists who represent this genre.
Velocity Entertainment, Inc. is: Russ Regan -- One of the few who has sold over a billion albums. Discovered Elton John, Neil Diamond, and named the Beach Boys.
Kent Jacobs -- Has worked with bands such as The Police, The Go-Go's, The Clash, U2, Simple Minds, Megadeth, Love & Rockets, John Cougar Mellencamp, OMD, The Cult, R.E.M. (he helped make them a household name), Frank Zappa, Prince, Menudo (broke all existing merchandising records), The Commodores, Julio Iglesias, Devo, The English Beat, Cheap Trick, and KISS, for whom he helped develop the largest fan base of any group at the time -- The KISS Army.
About Clearvision International, Inc.
Clearvision International Incorporated, and its subsidiary, Fortune Broadcasting Communications (FBC), is a leading media production and news placement syndicate of its kind in North America, offering HDTV production and broadcast facilities, extensive distribution and tracking resources, and an outstanding worldwide team of seasoned communications executives.
FBC is a dominant force in the media placement industry, providing performance-based production, media booking services, national and local programming, and broadcast/print-ready news features for over 20,000 TV, radio, print and Internet media outlets.
FBC generates greater quantity and higher quality media interviews and feature story placements per package than any other service in the United States. Over 70% of the 100 largest media outlets use FBC's programming, news feeds and feature stories.
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission.
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UDTT (.0059) Ships Anthrax Test Kits to Homeland Security Firm in Australia Australian Homeland Security Firm, Meade Strategic Solutions, to Receive Anthrax Test Kits Feb 12, 2007 7:28:00 AM
LOS ANGELES, CA -- (MARKET WIRE) -- 02/12/07 -- Universal Detection Technology (www.udetection.com) (OTCBB: UDTT), a developer of early-warning monitoring technologies to protect people from bioterrorism and a provider of counter terrorism training and solutions, announced today that it has shipped anthrax test kits to Meade Strategic Solutions, an Australian homeland security firm.
The Company had previously announced receiving a purchase order for these kits from Australia. "We are excited to fulfill Meade's order for our anthrax detection test kits and look forward to generating more interest as we move forward," said Jacques Tizabi, UDTT's Chairman and CEO.
Universal Detection Technology has co-developed a real-time anthrax detection system, called BSM-2000, with NASA's Jet Propulsion Laboratory. The technology was recently featured on NBC News. To view the video clip, please go to: http://www.udetection.com/pressroom-video-NBC1006.htm. Two units of BSM-2000 have recently been sold to the government of the United Kingdom and UDTT is hoping to sell more machines in the future.
For more information, please visit www.udetection.com or email us at info*udetection.com.
About Universal Detection Technology
Universal Detection Technology is a developer of monitoring technologies, including bioterrorism detection devices. The Company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the Company, in cooperation with NASA, has developed a bio-terror 'smoke' detector that detects certain biohazard substances. For more information, please visit http://www.udetection.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Contact: Jacques Tizabi 310-248-3655
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HISC (.0011) Makes Plans to Enter the Satellite Market With Patent Pending Cyber Tracker
Market Wire "US Press Releases "
ASHEVILLE, NC -- (MARKET WIRE) -- 02/12/07 -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) announced today that the Company is entering into the satellite communications market. The company reports that over the last 12 months numerous inquiries have been made about having a version of the patent pending Cyber Tracker which is able to function in remote areas of the world. As a result, Homeland has begun the process of integrating a satellite modem into the existing Cyber Tracker. The integration is expected to be completed by 3rd quarter of 2007.
According to Ian Riley, CTO of Homeland Integrated Security Systems, "The integration of satellite communications into the Cyber Tracker will allow us to deploy our product to areas of the world where there are no existing cellular communications. In addition, this modification will also make the new device utilize the intelligence of the base platform of the Cyber Tracker along with the ability to transmit data from remote locations."
"Once the integration is complete, Homeland Integrated Security Systems will be able to capitalize on world-wide opportunities that are outside the normal cellular footprint. There are areas of the world where significant transportation exists and equipment is deployed with little or no cellular coverage. The possibilities for additional sales are considerable," stated Fred Wicks, CEO and President of Homeland Integrated Security Systems.
About Homeland Integrated Security Systems:
Homeland Integrated Security Systems owns proprietary technology and has the rights to market some of the most innovative and sophisticated tracking and security products. Cyber Tracker technology has applications for data and tracking functions across a variety of industries, utilizing IDEN, and GSM (coming 1Q 2007) technologies. In addition, CDMA and Satellite technologies are under development with release expected some time in 2007.
For more information please visit our website www.hissusa.com
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, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. Homeland Integrated Security Systems, Inc. is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
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XTMS (.007) Unveils 2007 Sandmaster; Features New Frame Design, Competition Sandcar Parts
Market Wire "US Press Releases "
BAKERSFIELD, CA -- (MARKET WIRE) -- 02/12/07 -- Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company") has revealed plans and specifications for its new line of sandcars -- the 2007 Sandmaster. Currently available in two editions, Base and Premium, these vehicles are bringing competition-level design and parts to high-end recreational sandcars. The Base model starts at $50,000 and the Premium starts at $75,000.
While the entire line of 2007 sandcars, including the Dune Racer, the Desertmaster, and Mid Travel Beam Car have been updated to reflect changes in the industry, the redesign of the Sandmaster represents the most significant structural and technological upgrade in the Company's history.
"We're very excited about the 2007 Sandmaster and believe it to be the finest example of a fully-loaded sandcar in the industry," commented Alan McCaa, President & CEO of Xtreme Motorsports. "The Premium edition of the Sandmaster is really the 'Ferrari' of our sandcars and no expenses have been spared in its design and construction. We currently have one on order and will be building another as our 'stock' shop car later in the year."
Also in the works is an Ultimate Edition of the Sandmaster that will retail for approximately $150,000. We're still tweaking all of the specifications for this truly luxurious sandcar, but even our preliminary designs call for a sandcar unlike anything we have ever produced."
The Premium 2007 Sandmaster features a 6.0L LS2 V8 Engine with a Mendeola S4 Sequential Shifting Transmission, capable of producing 510 HP, 495 ft. lbs. of torque with a top speed of 125 miles per hour (depending on gearing options) in some of the roughest terrain, Ram Power steering, 25 inches of wheel travel, a 20-30 gallon Fuel Tank, a Digital Gauge Cluster with Data Logging Capabilities, laser cut chromoly boxed construction suspension, Pro Am Racing Spindles and hand crafted custom aluminum body work. In addition, Xtreme has also replaced all Constant Velocity Joints (CV Joints), which transfer torque at a steady rate to wheels, with hardened custom drive axle assemblies utilizing technology seen in million-dollar race cars to manage the effects of the extreme force incurred by suspensions in off-road harsh conditions.
To ensure best off-road motorsport components are installed in all of its cars, Xtreme has aligned itself with the leading manufacturers of off-road racing parts, including PCI Radios, CBM Motorsports, Turnkey Engine Supply, King Shocks, Pro Am Racing, Pro X, OMF Beadlocks, BTR Racing Wheels, PRP Seats, DJ Safety, Crow Enterprises and Revolution Racing Shocks.
In addition, Xtreme is the process of transitioning over to new engines that will meet or exceed California's new emissions standards for sandcars, providing up to a 50% reduction in emissions over previous sandcar engines with no appreciable reduction in performance. The Company anticipates introducing the new engines to the marketplace as soon as the engines pass certification.
About Xtreme Motorsports of California, Inc.
Xtreme Motorsports is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Xtreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
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CRTCF (.12) Announces Hair Envy Launch in the United States
PR Newswire "US Press Releases "
VANCOUVER, British Columbia, Feb. 12 /PRNewswire-FirstCall/ -- The following was issued today by Robert Kramer, Director, Current Technology Corporation (OTC Bulletin Board: CRTCF): "The legal and documentation process is complete and Jason Olcese is launching CosmeticTrichoGenesis ('CTG') in the United States," states Current Technology (the "Company") CEO Robert Kramer.
"My financial partner and I have formed a new entity for this venture. All rights to the TrichoGenesis platform products that Strategic Laser & MedSpa, LLC negotiated with Current Technology have been transferred to Hair Envy, LLC ('Hair Envy')," states Hair Envy CEO Jason Olcese. "This was not a standard agreement to negotiate and complete," continues Olcese. "The US market needed the right investor, marketing approach and vision. The objective is not to just place a few units, but to create a huge success. Our strategy remains the same: to build a company that will drive the TrichoGenesis technology to its full potential."
During Phase One, a total of 10 CTGs will be delivered to selected opinion leading salons and spas in the Santa Barbara to San Diego, California corridor. "We are extremely fortunate to be partnering with salons and spas that are market leaders and trend setters," continues Olcese. "We are anticipating vast exposure to clientele that have significant influence in both the media and entertainment industries."
The first five CTGs will be delivered this month. Mr. Olcese plans to devote one hundred percent of his energies during this critical initial period to the introduction of CTG to owners, operators and customers, ensuring CTG becomes a "must have" salon and spa offering. This intensely hands on phase will set the stage for all future activity. Mr. Olcese plans to invest at least two months in this all important effort, so Hair Envy has agreed to take delivery of the second five CTGs within 90 days of the first deliveries.
"Jason has selected salons and spas with 'A List' celebrities as clients," continues Kramer. "We acknowledge our shareholders' desire to be a part of the process, but have agreed to keep locations confidential during at least the early stages of Phase One to avoid any potential conflicts with salon owners, managers, and most importantly, their clients."
During Phase One the primary objective will be to develop a database of before and after images that will be used in newly designed marketing materials to support in store promotions and aggressive local and national print, radio and TV media awareness campaigns. A professional video crew will visit these salons on a regular basis and record the progress and comments of customers. The video footage will be included in an infomercial and will be available for use by the media. Once sufficient images of and comments from a broad cross section of men and women of varying ages and ethnicities have been captured, Phase Two will be launched. Hair Envy has agreed to order 200 CTGs to support the national launch in Phase Two no later than the end of the third quarter of this year, at which time a fifty percent deposit will be paid to secure the order.
Finally, as further evidence of the commonality of interests between Current Technology and Hair Envy, the Company is issuing it warrants to purchase 2,500,000 common shares, exercisable at US$0.125 per share for 5 years, with the following vesting provisions: 750,000 upon issuance; 750,000 upon payment of the tenth unit; and 1,000,000 upon ordering of the 200th unit.
"I believe Jason and his partner have not only the vision, but the business acumen and financial capacity required to make Hair Envy, and by extension Current Technology, a lasting success," concludes Kramer. "We look forward to working with them, as our collective vision becomes reality. In closing, I would like to thank the shareholders of Current Technology for their ongoing support."
ABOUT CURRENT TECHNOLOGY CORPORATION
Current Technology Corporation remains committed to developing its non-invasive pulsed electro-stimulation technology. This technology has enabled the company to develop two separate and distinct products emanating from the TrichoGenesis platform, thus far, that offer help for those concerned with their hair: ElectroTrichoGenesis (ETG) and CosmeticTrichoGenesis (CTG). Current Technology holds patents throughout the world and has spent over US $15 million in research and development of its TrichoGenesis platform and systems. The patents encompass the technology, methodology and design of the Company's products.
The news release contains forward-looking statements concerning the Company's business operations, and financial performance and condition. When used in the news release the words "believe," "anticipate," "intend," "estimate," "expect," "project," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contains such words. These forward-looking statements are based on current expectations and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause such differences include but are not limited to technological change, regulatory change, the general health of the economy and competitive factors. Many of these factors are beyond the Company's control; therefore, future events may vary substantially from what the Company's currently foresees. You should not place undue reliance on such forward-looking statements.
SOURCE Current Techology Corporation
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UCPI (.38) Provides an Update on Its Walley Prospect Which Has Produced over $200,000 in Gross Oil Revenue
Business Wire "US Press Releases "
HOUSTON--(BUSINESS WIRE)--
Unicorp, Inc. (OTCBB: UCPI) provides an update of current production and drilling of its Walley Prospect located in Greene County, Mississippi. The Walley Estate #1 has been producing an average of approximately 85 barrels of oil per day and has produced over $200,000 in gross oil revenue since first production in November 2006. Unicorp has a 60% working interest and a 47.55% net revenue interest in this prospect. This initial well was drilled to a depth of approximately 6,850 feet and is producing from the Tuscaloosa sand formation. An additional well location has been identified in order to fully develop this prospect.
"Typically, wells producing from the Tuscaloosa formation have long lives which will continue to add to our cash flow for years to come," stated Kevan Casey, CEO of Unicorp. "This well's production seems to have stabilized and we anticipate drilling the additional well location this year."
About Unicorp
Unicorp, Inc. is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.
Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements, including the company's ability to successfully acquire oil and gas properties and drill commercial wells. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about Unicorp's future business and financial results, refer to Unicorp's Annual Report on Form 10-KSB for the year ended December 31, 2005 and Form 10-QSB for the nine months ended September, 2006. Unicorp undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.
Source: Unicorp, Inc.
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PLNI (.0003) CEO to Be Interviewed on Floor of NASDAQ
LEXINGTON, KY -- (MARKET WIRE) -- February 12, 2007 -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company's CEO, Jim Turek, will be featured in an interview on the floor of the NASDAQ Exchange today. Nicole Hunt from ItsAboutFinance.com will conduct the interview and Mr. Turek is expected to discuss Plasticon International's recent developments as well as their future plans for wholly owned subsidiaries Semco Manufacturing and Pro Mold Inc. He will also give deeper insight into the Company's strategy to uplist to the OTC Bulletin Boards.
"We look forward to the interview and see it as an opportunity to give our investors a clearer picture of Plasticon's operations and future plans. Combined with our teleconference later this week we hope to answer any questions that our current and future shareholders may have. Our company is experiencing significant growth and we want to keep our investors, clients and potential clients informed," stated Jim Turek, CEO and President of Plasticon International, Inc.
The ItsAboutFinance.com interviews are featured daily on the NASDAQ 7-story icon at the NASDAQ Studio at Time Square Plaza in New York City and updated daily at 2pm EST on the ItsAboutFinance.com web site home page. It also presents segments of the market including technology, dot coms, initial public offerings (IPOs), classic brick and mortar companies and women.
The interview with Mr. Turek will be seen on 9 cable networks and 129 websites.
The Company recently announced that it will be hosting a Nationwide Teleconference on February 15th to update the financial community on recent events that affect Plasticon International, Inc. and its shareholders. There is expected to be a high demand for the call-in lines for this Nationwide Teleconference and space will be limited. Please call today at 1-866-THE-APPL(E) to reserve your place and receive the information which will enable you to participate in the conference.
About Plasticon International, Inc.:
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting-edge design, engineering, and production of industrial and commercial products. Plasticon is a green company, environmentally friendly, using recycled plastics to produce its line of products.
This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, and other factors that may adversely impact us. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit http://www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.
Contact: For more information, please visit: http://www.plasticonintl.com or Call Investor Relations 1-866-THE-APPL(E)
SOURCE: Plasticon International, Inc.
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AACS (.0135) Strategic Partner to File Form 10SB
BARTOW, Fla.--(Business Wire)--American Commerce Solutions, Inc. (OTCBB:AACS) today announced that American Fiber Green Products, Inc. will file Form 10SB within the next seven to ten days.
Daniel L. Hefner, President and Chief Executive Office, stated, "Since September of 2001, AACS has been assisting Kenneth McCleave in his fight to restore and revitalize American Fiber Green Products, Inc. f/k/a Amour Fiber Core, Inc. to the excitement and potential that it had generated before the 1999 death of the founder and leader, William Amour. The company had been featured on the nightly news and was a hot topic globally because of the unique patented process and products that it had developed under Mr. Amour's direction. To this day, true recycling of fiber glass, including production of useful and marketable products, has been an elusive dream for the many companies who send millions of ton of fiber glass waste to the landfill and the landfills that have their usable land mass diminished by the 400 year life cycle of fiber glass. Filing of this Form 10SB is the final step in a long journey that will provide a public vehicle for provision of funding and market exposure to the company."
Hefner went on to say, "AACS has expended much energy and money on the fiberglass industry. We intend to continue to build on the start that we have made. This multi-billion dollar industry has much to offer those who pursue its opportunities. Some of those opportunities may seem somewhat mundane while others are exciting in the scope of their potential. Recycling waste fiber glass is a world wide problem. With more and more composite production, the need continues to grow. To date, American Fiber Green Products, Inc. has received inquiries about the process and its licensing from seventeen countries around the world. AACS participation in reestablishing this opportunity has been exciting and will be rewarding. As previously announced, it is our intention to make that potential part of the American Commerce Solutions, Inc. future."
American Commerce Solutions, Inc. maintains a website at www.aacssymbol.com for wholly owned subsidiary, International Machine and Welding, Inc. Chariot Manufacturing Company maintains a website at www.chariot-trailer.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
American Commerce Solutions, Inc., Bartow Dan Hefner, 813-244-9843 dhefner*aacssymbol.com
Copyright Business Wire 2007 12Feb07 13:41 GMT
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CYBL (.018) Delivers on USAF Contract For Unique Covert Lighting System
Business Wire "US Press Releases "
RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--
Cyberlux Corporation, (OTCBB:CYBL), a leading provider of LED lighting solutions, announced today that the unique BrightEye VaC(TM) System developed by Cyberlux is now fully operational and has been delivered to the United States Air Force (USAF). The USAF Air Mobility Battlelab (AMB) selected Cyberlux and awarded the Company a contract for the covert and visible lighting system.
In announcing the delivery to the USAF, Mark Schmidt, Cyberlux President/COO discussed the immediate potential for Cyberlux and its Shareholders. "The potential cumulative impact of the BrightEye VaC(TM) System, which could include Military Base Installations, National Guard Units and USAF deployment, is an estimated opportunity of over $25 million in revenue. This advanced lighting system is priced at $21,434.00 per installation and represents both a technical and revenue milestone for Cyberlux".
Cyberlux has become a leader in solid-state lighting, developing important advancements in lighting technology and systems for both military and civilian use. The Company's products meet the important needs of the United States military defense initiatives of rapid global mobility and agile combat readiness.
About Cyberlux Corporation
Cyberlux Corporation (OTCBB:CYBL) has created breakthrough LED lighting technology that provides the most energy efficient and cost effective lighting solutions available today for consumer, commercial and military uses. The Military and Homeland Security products deliver unique, covert, and advanced visible lighting capability for threat detection, force and asset protection. Cyberlux uses solid-state semiconductors, trademarked as its diodal(tm) lighting elements, which consume 75% less energy than incandescent lighting elements and perform for over 20 years in contrast to 750 hours for conventional bulbs. For more information, please visit www.cyberlux.com.
This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors. The Company's business is subject to significant risks and uncertainties discussed more thoroughly in Cyberlux Corporation's SEC filings, including but not limited to, its report on Form 10-KSB for the year ended December 31, 2005 and its 10-QSB for the quarter ended September 30, 2006. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Source: Cyberlux Corporation
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CXIA (.17) Advanced Remediation Technologies Contract Phase I Testing of SET(TM) Technology Proceeding on Schedule - Topical Report Issued to DOE
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 02/12/07 -- Commodore Applied Technologies, Inc. (OTCBB: CXIA), today announced that the Company's wholly owned subsidiary, Commodore Advanced Sciences, Inc. (CASI), has completed approximately 85% of the testing on various waste surrogates and matrices under the Phase I contract award to the Company by the DOE-EM Advanced Remediation Technologies (ART) program. The ART program is designed by the DOE to test various mixed waste surrogates and matrices which mimic the waste types found in holding tanks and other areas at DOE legacy waste sites such as those at Savannah River, Hanford, and other locations. This contract is one of ten awarded last August by DOE as part of its Advanced Remediation Technologies (ART) program. CASI has submitted its Topical Report on its Phase I results, a milestone, and has submitted its Phase II proposal to the DOE in accord with its ART contract.
President and Chief Operating officer, Mr. Mack Jones stated: "We have been processing commercial volumes of mixed waste streams for years using our commercial equipment, destroying organic materials at levels compliant with regulated disposal, but this new ART study involves separating problematic heavy metals from target materials. In order to demonstrate fully the breadth and depth of the treatment capabilities of our Solvated Electron Technology (SET(TM)) process to DOE, we decided to construct a smaller treatment system capable of rapid batch processing that we call the RTDT. The system allows us to test many different samples using various 'run recipes' in a short period of time at our Oak Ridge, Tennessee facility." Mr. Jones further stated: "The added benefit of performing the study's Phase I work in our new Tennessee facility is that our potential clients can readily observe the tests in addition to becoming acquainted with all of our commercial production equipment based at this site. Commodore is prepared to go from feasibility study to actual multi-ton per day processing of waste streams of its customers in a relatively short period of time."
CASI Senior Scientist, Dr. Douglas Mather, is researching the use of SET(TM) technology as a "tunable" metals extraction process for application to the varied legacy wastes managed by the DOE. Using non-radioactive metals as surrogates for radioactive tank contents, soil contaminants, and decommissioning & demolition (D&D) generated wastes, a range of SET(TM)-based chemical processes are being tested.
Dr. Mather stated: "The test matrices contain certain metals as surrogates for the radioactive compounds expected. The metals list is broad enough in scope to demonstrate for the ART program the potential for selective and comprehensive metals extraction within the time and scheduling framework of the project." Dr. Mather further stated: "The Company also plans to demonstrate some mixed waste surrogate samples which will show DOE that SET(TM) processing will destroy TSCA and RCRA compounds as well. Our plan is to prove we can provide DOE a powerful waste treatment solution, backed by commercially proven SET(TM) engineering and technology."
The DOE ART Phase I contract awarded to the Company in August 2006 is valued at approximately $283,000. The Company expects to finish all sample matrices testing by March 2007, culminating in a demonstration for interested DOE and other officials at the Oak Ridge, TN facility. Based on the successful results of Phase I testing, the Company is currently competing for a Phase II award under the ART program which is expected to have a value of several million dollars. The mission of the ART is to support the development of technologies that have the potential to reduce cleanup costs and increase the safety and efficiency of treating and disposing of various waste streams, including radioactive wastes at several legacy sites (Hanford, INEL, Savannah River, and others).
Commodore Applied Technologies, Inc., is a diverse technical solutions company focused on high-end environmental markets. The Commodore family of companies includes subsidiaries Commodore Solution Technologies and Commodore Advanced Sciences. The Commodore companies provide environmental services, technical services and patented remediation technologies designed to treat hazardous waste from nuclear and chemical sources. More information is available on the Commodore web site at www.commodore.com.
This Press Release contains forward-looking statements that are based on our current expectations, beliefs and assumptions about the industry and markets in which Commodore Applied Technologies, Inc. and its subsidiaries operate. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause Commodore's actual results to be materially different from any future results expressed or implied by these statements. Actual results may differ materially from what is expressed in these statements, and no assurance can be given that Commodore can successfully implement its core business strategy and improve future earnings.
The factors that may cause Commodore's actual results to differ from its forward-looking statements include: Commodore's current critical need for additional cash to sustain existing operations and meet ongoing existing obligations and capital requirements; Commodore's ability to implement its commercial waste processing operations, including obtaining commercial waste processing contracts and processing waste under such contracts in a timely and cost-effective manner; the timing and award of contracts by the U.S. Department of Energy for the clean-up of waste sites administered by it; the acceptance and implementation of Commodore's waste treatment technologies in the government and commercial sectors; and other large technical support services projects. All forward-looking statements are also expressly qualified in their entirety by the cautionary statements included in Commodore's SEC filings, including its quarterly reports on Form 10-Q and its annual report on Form 10-K.
Contact: James M. DeAngelis (212) 308-5800
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ABDL (.03) Enters Into Letter of Intent to Acquire Planet Resource Recovery, Inc.
Business Wire "US Press Releases "
HOUSTON--(BUSINESS WIRE)--
American Biodiesel Fuels Corp. (Pink Sheets:ABDL) announced today that the company has entered into a Letter of Intent to acquire Houston-based Planet Resource Recovery, Inc. The transaction is through a share exchange agreement on a basis of one share of American Biodiesel Fuels Corp. for one share of Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is a PetroChemical/Oil Services company that has developed a proprietary, environmentally friendly chemical that dislodges hydrocarbons in practically all natural and man-made environments. The company's flagship product, PetroLuxus(TM), and its derivative product lines have a strong affinity and rapid dispersement qualities to break hydrocarbon chains on a molecular level for cost-effective remediation and recovery of petroleum products. The company's prospective markets for remediation and recovery include: oil tank farm cleaning, marine ship cleaning, oil sludge pits, contaminated soil/oil spills, biodiesel, waste oil segregation, heavy oil, tar sands, and Enhanced Oil Recovery, to name a few. Planet Resource Recovery's pilot manufacturing plant is fully operational with PetroLuxus(TM) ready for commercialization.
For an audio/visual demonstration of PetroLuxus(TM) in action, click on the link for a 3 minute video of an oil sands capture lab test. http://www.planetresource.net/test76u31b.htm.
Pending the completion of full due diligence by both entities, the transaction is anticipated to be completed during the first half of March 2007. Planet Resource Recovery, Inc. will be the surviving company.
"Safe Harbor" Statement: Certain statements in this release are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the Company's ability to meet the terms and conditions required to obtain its project financing, risks and delays associated with product development, risk of market acceptance of new products, risk of technology or product obsolescence, competitive risks, reliance on development partners and the need for additional capital.
Source: Planet Resource Recovery, Inc.
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LTDN (.213) Letter From the CEO of Latitude $4 Million Projected Sales for 2007
Market Wire "US Press Releases "
MIAMI, FL -- (MARKET WIRE) -- 02/12/07 -- Latitude Industries Inc. (PINKSHEETS: LTDN), a manufacturer of high-quality sport fisherman and center console boats.
Letter from the President and CEO:
I am Carolina Hernandez President and CEO of Latitude Industries. Latitude Industries is the manufacturer of Latitude Powerboats we are a public trading company under the stock symbol LTDN.
We are proud to announce a major milestone accomplishment. These are exciting times for our company. As we embark on the launch of our new and re-design 26 SS Offshore Center Console and the all new 33 Super Sports, with the completion of both boats ahead of schedule and ready to show at major Boat Shows around the nation. Having both boats completed before the ending of the First Quarter of 2007 give us a great advantage for the summer boating season. The company has also retained Evensuns USA to establish our e-comments with a complete new website, brochures, and marketing pieces that will enabled us to begin marketing and sales of both model in the first Quarter of 2007. We are projecting sales of 40 boats for this model year generating approx. $4 million in revenues.
At this time I would like to personally thank all our past, present and future share holders who have been and will be part of making the best boat company in the world. We hope that you are as proud as we to be part of this exciting company.
Please visit our web site at www.latitudepowerboats.com or e-mail us at sales*latitudepowerboats.com or call us at 305-758-BOAT
About Latitude Industries
Latitude Industries is a manufacturer of high-quality, technically superior offshore sport fishing boats. The company's boats fuse innovative design with advanced light-weight composite materials that resist rot and decay and retain buoyancy under all conditions. Hand-laid fiberglass hulls offer the best of old world craftsmanship and new world technology. In addition, the company enhances the safety of its boats by employing the latest lamination technology, creating a sturdy and durable hull that can handle the toughest sea conditions. Latitude Industries employs craftsmen with decades of industry experience at its headquarters in South Florida, the sport fishing capital of the world. For more information about Latitude Industries Inc. visit www.latitudepowerboats.com.
Safe Harbor Statement
This release contains certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding Latitude Industries Inc. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending, Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Latitude Industries Inc. do not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
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CTTD (.395) Considers Joint Developments With Academics Under Branson $25 Million Cleaner Air Prize
PrimeZone "PrimeZone "
LONDON, Feb. 12, 2007 (PRIME NEWSWIRE) -- CO2 Tech President, Ms. Helga Schotten, today announced that CO2 Tech has approached several renown scientists to jointly develop a series of air-cleaning products with the academic community to guarantee the highest standard of R&D for its innovations over time. The company is also considering submitting a development proposal for Richard Branson's new $25 million fund designed to encourage cleaner air.
British billionaire Richard Branson and Al Gore, former U.S. vice president, recently announced a $25 million prize to meet possibly the biggest challenge faced by humankind: to reduce the planet's warming gases that have collected in the atmosphere since the dawn of the Industrial Revolution. Mr. Branson urged governments to match the prize money he offered.
Mr. Gore said the prize was intended for a project that would be different from technologies currently under development that capture and store large amounts of carbon dioxide from heavy emitters like coal-fired electric plants.
CO2 Tech views the announcements as a unique opportunity to accelerate the development of its most recent innovations. In fact, professor of science and civilization at Oxford University Steve Rayner noted the project is especially appealing for developments related to the aviation industry since there really are no other viable, cleaner fuels in the pipeline.
Air transport represented about 3.5 percent of global greenhouse gas emissions in 1990, but that figure could grow to about 15 percent by 2050, according to United Nations figures, as cited by the Aviation Environment Federation in London.
CO2 Tech has approached Klaus Lackner, a professor at Columbia University who has developed an extraction device to clean carbon from the air. CO2 Tech is developing a dispersion solution for high-altitude gaseous airplane emissions based on speed fluctuations. Exploiting the airplanes' speed, CO2's unique mechanism will compress and decompose the destructive gases before emission through a dedicated system. Although Mr. Lackner's project remained in the planning stage, collaboration with Co2 Tech may lead to an integrated viable solution to analyze, identify and reduce the high altitude emissions of airplanes in flight, combining both compression and extraction methodologies for a more comprehensive air cleaning solution for the aviation industry.
About CO2 Tech
CO2 Tech, a U.K.-based company, provides cutting-edge, sophisticated anti-global warming technologies along with a full range of environmental products and services to businesses, industries and governments. CO2 Tech's innovative approach provides high quality, maintenance-friendly system solutions that offer cutting-edge technological developments and outstanding reliability. CO2 Tech has extensive first hand experience with all major air pollution control equipment including air pollution control systems, removal of fine solid particles from gas/air units, evaporator units, reduced CO2 emission units.
CO2 Tech offers its customers the benefits of its cutting-edge technological products, proprietary innovations and rich experience in industrial applications of control equipment, with petroleum, factories, mining, metals, boilers, glass, chemicals, woodworking, quarries, textiles and most other heavy industries. CO2 Tech fosters strong partnerships and alliances with leading environmental engineering companies and research institutions worldwide to develop, manufacture and market high-quality instruments, systems, and services for its clients.
You are invited to learn about CO2 Tech and the full range of its technologies and services at our website http://www.co2-tech.com.
Forward-Looking Statements
Certain statements in this news release may contain "forward-looking'' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
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NNSR (.0124) Produce News Publishes Article on NanoSensors
Article Covers Efforts for Developing Diagnostic Tools for Detecting Deadly Pathogens in Food Supplies
SANTA CLARA, Calif., Feb. 12 /PRNewswire-FirstCall/ -- NanoSensors, Inc. (OTC Bulletin Board: NNSR), a nanotechnology development company that develops instruments and sensors to detect biological, explosive and chemical agents was highlighted in an article from The Produce News (www.producenews.com). The Produce News has been a national newsweekly of the fresh produce industry since 1897. This article originally was published in the Feb. 5, 2007 issue of The Produce News and is reprinted with permission. Article from The Produce News
Silicon Valley Companies Take Aim at Detecting Deadly Pathogens
SANTA CLARA, CA -- 2/5/2007 -- A couple of Silicon Valley-based high-tech companies are developing diagnostic tools for the purpose of detecting deadly pathogens in food supplies. NanoSensors Inc., a nanotechnology development company based here, is licensing nanoporous silicon-based biosensor technology through Michigan State University and a university in South Korea to develop food-safety analysis systems. In addition to silicon-based filters, NanoSensors is also using carbon nanotube technology to detect and isolate biologically based pathogens. Carbon nanotubes are cylindrical carbon molecules with properties that make them potentially useful in extremely small-scale electronic and mechanical applications. NanoSensors is working on a reusable testing kit. The disposable sensor is about the size of a quarter and has a reader for measuring data embedded in it. The sensor transmits back to an external data acquisition unit that can be used by people at all levels of the food distribution chain. Customers will be able to buy and use disposable sensors on each specific lot of produce that is tested. NanoSensors licensed its biosensor technology in August. Its sensor can detect E. coli but cannot tell what strain it is. Depending on the host molecule, the sensor could be used to detect salmonella. The sensor detects the DNA of the host molecule on porous silicone. The DNA of the molecule is attached to that surface; the sensor is functionalized when DNA is placed on the surface. The base of the sensor is disposable. Joshua Moser, vice president and chief operating officer of NanoSensors, said that the company "has made a tremendous amount of progress in a short amount of time." Mr. Moser said that nano- or molecular-scaled devices operate at the same scale as the biological agents they target, which allows the technology to both detect and isolate targeted pathogens. Nanoprobes and filters can address viruses and bacteria at a level of specificity that is hard to get at with larger technology, and also can provide faster and more accurate results than existing technology, he said. Ted Wong, chief executive officer of NanoSensors, said that the company could determine the concentration of E. coli with its sensor, which is a "first alert" of E. coli. "We're trying to provide an economically viable solution," Dr. Wong said. "The efficiency is very high." The sensor's testing results can be exported to a PDA or cell phone. The company soon will start third-party testing and anticipates testing its product at a water treatment plant for a few months. "Sensors could be the first use of carbon nanotubes," Dr. Wong said. NanoSensors anticipates jumping up to the use of carbon nanotubes, which is the "next generation," he said. NanoSensors has collected salmonella data in more than three months of testing. Dr. Wong said that his dream is to have a sensor "that covers an array of different things." In late December, NanoSensors announced that it had engaged a third-party contractor to manufacture units of a test version of its biosensor product that will be used for third-party field testing. The product is based on the NanoSensors nanoporous silicon-based biosensor technology to detect E. coli. Although NanoSensors has not entered into testing agreements with third parties, it is seeking to enroll between six and 10 users in its product- testing program. Another Silicon Valley company -- Cepheid, based in Sunnyvale, CA -- can take credit for playing a critical role in containing the outbreak of E. coli 0157:H7 detected in fresh spinach. New Mexico's health department used a molecular diagnostic tool manufactured by Cepheid to isolate the E. coli. Researchers performed rapid molecular tests that pointed to a bag of spinach that sickened a New Mexico woman, a major breakthrough in the case. David Persing, Cepheid's chief medical and technology officer, said that about half of all state public health labs in the nation are using the company's SmartCycler instrument. Unlike traditional culture tests that take days to generate a result, molecular diagnostics quickly and accurately identify microorganisms by identifying specific segments of DNA. Another advantage to molecular detection is that it can detect DNA whether bacteria are alive or dead. Mr. Persing said that the opportunity exists to catch outbreaks such as the E. coli outbreak in spinach earlier in the process, and that the goal must be to detect and intercept pathogens before they enter the general food supply. "The evolution of technology is to small sophisticated analysis," Mr. Persing said, adding that cartridges for testing bacteria are small, easy to work with and don't require a specialty lab. He said that he favors installing Cepheid's SmartCycler instrument in fresh produce-processing plants. The price runs about $30 to $50 per cartridge. Mr. Persing anticipates similar deployment of sensor technology to include agricultural operations and food distribution centers. About The Produce News The Produce News is a national news weekly that serves the fresh fruit and vegetable industry including retailers, wholesalers/brokers, shippers/growers and truckers. About NanoSensors NanoSensors, Inc. was incorporated in December, 2003 and is a nanotechnology development company based in Santa Clara, California. The Company's principal business is the development, manufacturing and marketing of sensors and instruments to detect explosive (X), chemical (C) and biological (B) agents ("XCB"), along with the management of intellectual property derived there from that will enable NanoSensors to create nanoscale devices. SOURCE NanoSensors, Inc.
Dr. Ted Wong, CEO, +1-408-855-0051, or tlwongusa*yahoo.com 12Feb07 12:00
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GTEC (.144) Leverages 2006 Annual Report With $2.9 Million in Net Income and Assets of $7.2 Million
PrimeZone "PrimeZone "
BOCA RATON, Fla., Feb. 12, 2007 (PRIME NEWSWIRE) -- Genesis Technology Group, Inc. (OTCBB:GTEC) released its Annual Report for fiscal year 2006, the 10-KSB filing. The Company revealed net income of $2.9 million and assets of $7.2 million, making the year its most successful in its history. This equated to net income of $0.03 per common share, fully diluted, and a positive increase of $6.6 million from the previous fiscal year's net loss of $3.7 million.
Under a directive from its newly expanded Board of Directors, the Company has planned a spring marketing campaign that could expand the recognition of its achievements and potential among a broader audience of investors in the U.S. and abroad. The marketing program includes:
* Review of the Company's performance by an established stock market analyst. This detailed report should be readied for wide dissemination during the first half of calendar year 2007. * National publicity campaigns by professional media companies, designed to reach a broader audience and educate investors of the success, potential and risks of the Company's current business model. * Hosting national investor seminars under the direction of a professional advisor that will include domestic travel by Company executives and directors to meet with experienced investors. * Formulation of a prospectus by its own Board of Directors to secure future investment for expansion and support of its programs. The Company believes that it is well positioned to reach a group of international investors, particularly focused on China, who could assist the Company and its business model to attain more advanced and rewarding levels. * Release of a CEO letter to present the plan and forecast for fiscal year 2007 and beyond, addressing the status of its current Chinese partner companies, the procedure by which these companies are screened and reorganized to attain U.S. public company status, and the potential benefits and risks to Genesis and its shareholders.
CFO Adam Wasserman summarized the audited Annual Report: "For the year ended September 30, 2006, we reported net income of $2,909,606 or $0.03 per common share, compared to a net loss of $(3,726,929) or $(0.06) per common share for the year ended September 30, 2005, a positive increase of $6,636,535.
"As of September 30, 2006, the Company's total assets amounted to $7,231,773, compared to $1,719,042 on September 30, 2005. Our total operating expenses decreased by $1,066,815 compared to the previous 12 months of operation. Furthermore, through the sale of marketable securities that the Company had previously received for services rendered, our cash and trading marketable securities totaled $809,700 on December 31, 2006."
President Kenneth Clinton said," We are going to attempt to do a better job of reaching out to shareholders, giving earnings forecasts and meeting the expectations of shareowners. In this business climate, we must be both extremely careful and conservative about our expectations. However, we are enthusiastic about our model and our progress in China. We have tried to correspond to our base by outlining the current performance of Genesis, why we feel that our business model is trending up, and, most of all, why we are ardently positioned to capture the most appealing expansion effort and profit opportunities for Genesis in the years ahead."
About Genesis Technology Group, Inc.
Genesis Technology Group, Inc. (d/b/a Genesis China and GTEC) is a U.S. public company that earns, enhances and markets equity positions in small to mid-sized Chinese enterprises. Commitment, dedication, and expertise are the key components to the Genesis "Mission Statement." It has created a successful profit center by incubating Chinese companies in a wide range of sectors, creating so-coined "partner companies." Genesis makes a long-term commitment with management consultation, board of directors composition, creation and implementation of successful business models, which include expansion of markets in China and abroad. To help drive the success and profitability of these operations, Genesis provides resources and proficiency to maximize partners' leadership potential in China and attempts to increase high-margin, predictable earnings. For more information, visit http://www.Genesis-China.net.
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.
CONTACT: Genesis Technology Group, Inc. Kenneth L. Clinton, President (561) 988-9880 Facsimile: (561) 988-9890 info*Genesis-China.net 7900 Glades Road, Suite 420 Boca Raton, Florida 33434 United States of America
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BCYR (.0025)New Book Causing Wizards to Cast Their Spells Monday February 12, 9:00 am ET Free Speech Versus Magic Secrecy
LOS ANGELES, Feb. 12 /PRNewswire-FirstCall/ -- Barclay Road, Inc. (Pink Sheets: BCYR - News) has a new book, soon to be published by book division, Lifetime Books.
"Magic secrets of David Blaine: The street magician revealed" written by Herbert L. Becker follows on the very successful 1995 Lifetime Books publication, "All the Secrets of Magic Revealed."
Publication of the David Blaine secrets book has been pushed off until 2008 for a couple of reasons: first, demand for pre-release was greater than first anticipated and secondly, concern for revealing how street magicians perform their feats might cause pandemonium in the market place.
"Before you know it, everyone will be freezing themselves in blocks of ice or standing on poles in Central Park," quipped a company spokesperson.
In reality, there is a small group that would prefer not to allow magic secrets to be revealed. "Many magicians believe in keeping the secrets of magic just that, a secret. There has been a great deal of pressure not to publish this book."
The 1995 publication of All the Secrets of Magic Revealed has become the most successful magic book in history selling over 250,000 copies according to the most recent information.
Pre-release sales from Amazon.com and BN.com have been sizzling. At one point, it was at the top of the sales rankings.
About Barclay Road
Barclay Road is an entertainment and media company, they also own Lifetime Books.
Forward-looking Statements
Except for historical matters contained herein, the matters discussed in this press release are forward looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Barclay Road, Inc. and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are: Barclay Road, Inc.'s operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms; and those risks discussed in the Company's filings.
Contact Information:
Investor Relations Barclay Road, Inc. 514 807 5245
Source: Barclay Road, Inc.
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KLGE (.11) Signs Strategic Partnership with Taiwan Based MobiNote Corporation
Business Wire "US Press Releases "
LAS VEGAS--(BUSINESS WIRE)--
Klegg Electronics, Inc. (PINK SHEETS:KLGE) announced today that they have entered into a strategic partnership with MobiNote Technology Corporation of Taiwan. Under the terms of the agreement, MobiNote will provide research and product development resources, manage Klegg's Taiwan sales office and market Klegg's products to their network of distributors in Taiwan, and China.
In addition to expanding Klegg's sales and distribution capabilities in Asia, the new partnership will facilitate product innovation and new product development while reducing time to market and containing development costs.
MobiNote will also assist Klegg in expanding oversees distribution of the Company's new line of Klegg Genesis products launched in the US earlier this year. Klegg's Genesis line of flat panel televisions, GPS systems and mini MP3 and MP4 players feature the same quality components as the high-performance Klegg Electronics Platinum line but are geared toward a broader consumer electronics market with lower pricing and greater retail distribution. The first Genesis products became available on online retail websites in the U.S. beginning January 2007.
Dennis Gentles, CEO of Klegg Electronics said, "This exciting new relationship with MobiNote is an important strategic component of Klegg's global growth strategy. We believe that Klegg's ability to provide consumers with quality, value and cutting edge product innovation is central to successfully building the Klegg Brand."
About MobiNote Technology
MobiNote Technology Corp., founded in 2003, is an Entertainment Solution Provider that develops intelligent portable devices, integrates value-added application software and provides a user friendly interface systems for enterprise customers. MobiNote provides customized product solutions for the ODM and OEM markets. The company is headquartered in Taiwan www.mobinote.com.tw.
About Klegg Electronics, Inc.
Klegg Electronics, Inc. (Pink Sheets:KLGE - News) is a manufacturer and distributor of high quality consumer electronics focused on designing a variety media and entertainment products that work seamlessly together for today's automated smart homes. Kleggs' product line includes ultra thin vibrant Flat Panel TVs, state-of-the art Media Servers, Home Theater Audio Systems and MP3 and portable media players. Klegg distributes its high-end home electronics through specialty stores and custom integration dealers nationwide. The Company recently launched the KLEGG GENESIS line of moderately priced TVs portable electronics in the 1st Quarter of 2007. The corporation is headquartered in Las Vegas, NV. Learn more about Klegg Electronics at www.klegg.com
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Klegg undertakes no obligation to update publicly any forward-looking statements.
Source: Klegg Electronics, Inc.
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HBSC (.11) Forms Joint Venture With Dairy Development Group to Convert Waste to Power in Proposed Ethanol Plant
PALO ALTO, CALIFORNIA -- (MARKET WIRE) -- February 12, 2007 -- Human BioSystems ("HBS") (OTCBB: HBSC) announced today that HBS BioEnergy ("HBSE"), has formed a joint venture with Visalia based Dairy Development Group and Agrimass Enviro-Energy to build an Energy Park in the San Joaquin Valley of California. The Energy Park will utilize waste from surrounding dairies to provide the power needed to fuel a proposed ethanol plant to be located on site.
"The joint venture involves developing and operating an innovative agricultural waste-to-energy park," explained Len Chapman, Founder and CEO of Agrimass Enviro-Energy and Dairy Development Group. "This is the perfect model for agricultural production because it takes a problem - manure - and turns it into power and other energy products, which then fuels the ethanol plant that produces cleaner-burning fuels. This is the kind of green industry we need in the Valley."
"To our knowledge this model for a complete vertically integrated project has never been implemented in the renewable fuel business," noted Claude Luster, President of HBS BioEnergy.
"This model could provide energy cost savings of 50 to 80 percent," Mr. Luster explained. "It will benefit the Valley and help address the environmental issues by processing the wastes, reducing emissions to acceptable levels and improving air and water quality impact and concerns normally associated with dairies."
Agrimass Enviro-Energy blends technology, engineering and dairy expertise to help Valley dairymen implement systems that help them meet increasingly stringent environmental regulations.
Dairy Development Group assists dairymen in planning, permitting, building and operating their dairies, with a focus on environmental stewardship, waste mitigation and compliance.
Mr. Chapman, Chief Executive Officer of both businesses, has more than 30 years' experience in consumer goods and foods industry companies. He is also experienced in food processing, plant engineering and construction. During the past 15 years he served as a Senior Executive in Fortune 50 companies serving as President, Executive Vice President, Operations and Vice President and Division Manager.
HBS BioEnergy is in the business of bio-fuel production, with a team focusing on locating, constructing and operating bio-fuel facilities using cutting-edge technologies. The company has offices in Fresno, California.
Mr. Luster, President of HBS BioEnergy, has more than 30 years of diversified experience in the food processing, bioconversion, energy and environmental industries. He is considered an industry expert in aseptic bulk plant operations.
"We believe that this Dairy Energy Park will put the San Joaquin Valley on the map for the entire nation - setting a new standard for integrated technologies," Mr. Chapman noted. "Dairying is an economic powerhouse in the Valley, but now we can show the nation how dairying can also be a sustainable industry in this new age of environmental concerns."
Certain statements contained herein are "forward-looking'' statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, failure to negotiate and consummate a definitive joint venture agreement, the inability of HBS to raise funding for the proposed joint venture projects, failure to consummate the purchase of real property on which the park will be built, failure to obtain regulatory approvals for the construction of ethanol plants, failure to obtain the required financing and to construct the ethanol plants, failure of the ethanol plants to meet standards, the inability to find raw material for the production of ethanol or to sell the ethanol at on acceptable terms, the risks involved in pursuing a business unrelated to HBS' prior business, and other factors discussed in filings made by the Company with the Securities and Exchange Commission.
Contacts: Dairy Development Group Len Chapman (559) 967-5003
Dairy Development Group Nancy Lockwood (559) 733-3737
Human BioSystems Harry Masuda (650) 323-0943
Yes International Investor Relations 1-800-631-8127
SOURCE: Human BioSystems
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PDPR (.054) Moves Toward The OTC Bulletin Board
Business Wire "US Press Releases "
HOUSTON--(BUSINESS WIRE)--
Pediatric Prosthetics, (OTC:PDPR), management looks forward to a listing on the OTC Bulletin Board.
Kenneth Bean, VP Operations stated: " We have now cleared comments on our Form 10SB registering the company, we have filed our Form SB2 to register our stock, and we have filed the Form 14C Definitive Information Statement. Today, Monday, February 12 is our "date of record" and we will be mailing out information packets to the shareholders on our NOBO list this week and inviting them to our special stock holders meeting to be held Friday, March 9."
Mr. Bean concluded. " I do hope that any interested parties who catch this news release will in turn take a moment to see our release on Friday, (February 9th.)."
About Pediatric Prosthetics Inc.
Pediatric Prosthetics Inc. is the national provider of specialized pediatric prosthetics for both upper and lower limbs. The Company's CEO Linda Putback-Bean pioneered fitting state-of-the-art myoelectric upper extremity prostheses for the pediatric niche market. In the absence of a hand or arm, a child's brain still continues sending signals to grasp or open the hand in the residual limb. Myoelectric sensors can read those signals through the skin, (requiring no surgery), and with a computer chip can magnify those signals many fold to actuate a tiny powerful motor to accomplish tasks with the life-like hand. In 2003, Ms. Putback-Bean founded Pediatric Prosthetics to create a comprehensive organization that connects parents and their children with a limb loss, to expert pediatric prosthetic fitting, rehabilitation, and life-long care. As a result, Pediatric Prosthetics hopes to increase the quality of life for patients and their families nationwide. For more information, visit http://www.kidscanplay.com.
All interested parties and shareholders are invited to receive the latest news and information about Pediatric Prosthetics by email, to sign-up, visit: http://otcfn.com/pdpr/email_update.html. Additional information for investors may be found online at http://www.otcfn.com/pdpr.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular when used in the preceding discussion, the words "believes", "expects", "intends", "will", "anticipated" or "may" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties including, without limitation, risks associated with operations, availability of capital on a reasonable term, the effects of government regulations and operations risks, and the risk factors set forth from time to time in the Company's SEC reports, included but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB, and any reports on Form 8-K. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. Pediatric Prosthetics Inc. (Pink Sheets:PDPR) takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that is not paid for by the Company. The forward-looking statements contained herein reflect the Company's judgment as of the date of this release, and the Company cautions readers not to place undue reliance on these statements.
Source: Pediatric Prosthetics Inc.
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INSGY (.082) Smith Micro to Acquire Assets of INSGY, Developer of Mobile Device Management Software
PR Newswire "US Press Releases "
Smith Micro Significantly Expands Its International Presence In Europe And
Asia To Support The Demand For Its Growing Line Of Mobile Solutions
ALISO VIEJO, Calif., and BARCELONA, Spain, Feb. 11 /PRNewswire-FirstCall/ -- 3GSM CONFERENCE -- Smith Micro Software, Inc. (Nasdaq: SMSI), a developer and marketer of a wide range of software and services for the wireless market, and Insignia Solutions, plc (OTC: INSGY), a pioneer in mobile device management and a key provider of provisioning-infrastructure software to mobile operators and device manufacturers around the world, jointly announced a definitive agreement for Smith Micro to acquire substantially all of the assets of Insignia Solutions, including its mobile device management business.
Insignia's Device Management Suite is an intelligent device management system that enhances subscriber satisfaction with increasingly complex mobile services. Insignia has combined powerful device and service provisioning capabilities, along with diagnostics, client device software management, and content and firmware provisioning to form the comprehensive Device Management Suite. The Suite also features ICE, which provides intelligent, targeted provisioning and automated device management to further improve the end-user's experience and to drive new revenue-generating services for carriers. The platform has been licensed to more than 25 leading mobile operators around the world.
"The integration of Insignia's Device Management Suite with our QuickLink Mobile offerings will enhance our ability to address the critical need for effective device management in the mobile communications market," said William W. Smith, Jr., Smith Micro's President and CEO. "This acquisition delivers on our commitment to invest in businesses that broaden our capabilities for our customers and to provide strong returns for our shareholders. Additionally, this acquisition provides us a unique opportunity to cross sell our wireless technologies into the Insignia carrier base while simultaneously introducing the Insignia mobile Device Management Suite to our existing customer base."
As a member of the Open Mobile Alliance (OMA), Insignia Solutions enables mobile operators and terminal manufacturers to manage a diverse community of mobile devices. The company's Open Management Client (OMC) delivers state-of-the-art management features including remote firmware updates, data synchronization and advanced device management and configuration capabilities. The OMC is licensed both to mobile phone vendors and providers of software platforms integrated into today's advanced mobile phones.
"We are proud of what we have built at Insignia Solutions and view this as a great combination," said Mark McMillan, President and CEO of Insignia Solutions, plc. "The dramatic increase in mobile phones and their associated complexity is proving to be both a significant opportunity and a challenge for mobile operators and phone manufacturers. Our intelligent Device Management Suite and industry-leading client solutions combined with Smith Micro's QuickLink Mobile offerings will meet customer and partner demands for quality, enterprise-class products and solutions better than ever."
Pursuant to the terms of the agreement, Smith Micro will purchase substantially all of the assets of Insignia Solutions for cash and cancellation of debt, and will assume certain liabilities of Insignia, for a total deal value of $18,575,000. The completion of the transaction is subject to certain closing conditions.
Smith Micro has extensive experience developing innovative software solutions for the wireless industry. Its leading-edge products simplify communications over both Wireless Wide Area Networks (WWANs) and Wireless Local Area Networks (WLANs). Over 5 million licenses of Smith Micro's QuickLink Mobile technology have been shipped in just the last several years, making QuickLink Mobile the preferred choice of carriers and end-users alike. Smith Micro's industry leading multimedia products like QuickLink Music are trend setters for carriers worldwide.
About Smith Micro Software:
Smith Micro Software, Inc., headquartered in Aliso Viejo, CA, is a developer and marketer of wireless communications and utility software products for multiple OS platforms. The company designs easy-to-use software for personal computing and business solutions around the world. With a focus on wireless and broadband technologies and the Internet, the company's products and services enable wireless communications, security and device management, file and image compression, digital image and music management. Smith Micro's complete line of products is available through retail stores, Value-Added Resellers (VARs), Smith Micro's consumer, enterprise, wireless sales groups and the company's websites. Smith Micro's common stock trades on The NASDAQ Global Market(R) under the symbol SMSI.
About Insignia Solutions:
Insignia enables mobile operators and terminal manufacturers to manage a growing, complex and diverse set of mobile devices. Insignia's products and services radically reduce customer care and recall costs, maintain device integrity, and enable a wide range of new mobile services. Insignia's Device Management Suite is a complete standards-based mobile device management offering, including client provisioning technologies supported by most of the mobile devices in the past, OMA-DM (Open Mobile Alliance - Device Management) based technology used by current mobile devices and future OMA-DM based technologies. Founded in 1986, Insignia has a long history of innovation, stewardship of major industry standards, and the trust of dozens of manufacturers around the world. Insignia is headquartered in Campbell, California, with research and development and European operations based in Stockholm, Sweden as well as a regional office in Seoul, Korea. For additional information about Insignia or its products, please visit http://www.insignia.com.
Safe Harbor Statement: This release contains forward-looking statements that involve risks and uncertainties, including without limitation forward-looking statements relating to the pending acquisition of Insignia, the anticipated timing of the closing of the acquisition, the expected benefits of the acquisition to Smith Micro and integration of Insignia's products and technologies with those of Smith Micro. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are Smith Micro's ability to complete the acquisition of Insignia and integrate Insignia products and technologies with those of Smith Micro customer acceptance of those new products and technologies, new and continuing adverse economic conditions and the company's ability to compete effectively with other software companies. These and other factors discussed in the company's filings with the Securities and Exchange Commission, including its filings on Forms 10-K and 10-Q, could cause actual results to differ materially from those presented in any forward-looking statements. Smith Micro assumes no obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Smith Micro, the Smith Micro logo and QuickLink, are trademarks or registered trademarks of Smith Micro Software, Inc. All other trademarks and product names are the property of their respective companies.
SOURCE Smith Micro Software, Inc.
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IBCX (.0003) Agrees With the Courts Decision to Appoint a Receiver for the Royal Arkansas Hotel & Suites Feb 12, 2007 8:58:00 AM Copyright Business Wire 2007
NEW YORK--(BUSINESS WIRE)--
IBAC Corporation (IBCX.PK), majority owner of The Royal Arkansas Hotel & Suites, announced today that it agrees with the courts decision to appoint a receiver for its majority stake in The Royal Arkansas Hotel & Suites in Pine Bluff, Arkansas.
IBAC Corporation has been the majority shareholder in this property since August of 2004 and has watched its initial investment erode over the past few years, contrary to the managing partners assurances of progress, as of August of 2006 the company IBAC believed everything was proceeding according to plan until the general manager and managing partner was arrested for alleged credit card fraud, at that point the company (IBAC) decided to remove the managing partner and take control of the property its self, the company IBAC does not lay blame on anyone but its self for not keeping abreast of the situation more carefully.
Since August of 2006 the company (IBAC) has paid almost $1,000,000 dollars in past due bills and operating short falls (plus its initial investment and carrying costs of about $800,000) to try and keep the property going until finally it became a reality that the property had no chance of survival so the decision was made to close the doors, the company apologizes for the way the property was shut down, but the company did the best it could under adverse circumstances.
The company (IBAC) has monitored, news reports, and certain community leaders, (individuals) with advice of counsel, and has determined that all has not been presented fairly, and has been biased towards the company; the company will and is reviewing possible litigation towards those who have damaged the company's reputation and its decisions.
Please keep in mind that the company has the ability to cure the mortgage (until today for two months payments) and the company is still the legal holder of title until foreclosure proceedings are completed, the reason for the court proceedings was a clause in the mortgage note that a receiver can be assigned upon a default, the company evaluated this and decided ok, as the property was a losing proposition so we agreed, the company's attorneys argued before the judge to order all expenses over $500.00 by the receiver has to be agreed upon by us the company (IBAC) and it was agreed, hence the company's decision for this course of action.
"The company awaits the decision of the receiver's feasibility study within the next 30 days as it is the believe of the company that He/She will agree or may not agree with the company's decision to cease operations as the loses were beyond compare, the hotel was depended on the convention centers sales and their ability to bring business to Pine Bluff, and in my opinion it was lackluster at best. Every time I have visited Pine Bluff everyone has been cordial and courteous and friendly and I wish nothing but the best to the City of Pine Bluff, the company believes that it has made the right business decision." Said Edward W Hayter CEO IBAC Corporation.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "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, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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IFSG (.30) Affirms Q4 and Full Year '06 Revenue Guidance
Market Wire "US Press Releases "
HONG KONG -- (MARKET WIRE) -- 02/12/07 -- Infosmart Group, Inc. (OTCBB: IFSG),
-- In Addition, Company Provides Q4 and Full Year '06 Operating Income Guidance
-- Q4 '06 Revenue Guidance: $6.5 Million - $7.0 Million; Operating Income Guidance: $0.4 - $0.6 Million -- Full Year '06 Revenue Guidance: $26.5 - $27.0 Million; Operating Income Guidance: $4.5 - $4.7 Million
Infosmart Group, Inc. ("Infosmart" or the "Company") (OTCBB: IFSG), Hong Kong's leading recordable digital versatile disk ("DVDR") manufacturing company, affirmed today Q4 and full year '06 revenue guidance and provided operating income guidance figures.
Infosmart anticipates fourth quarter revenue of approximately $6.5 - $7.0 million and anticipates operating income of $0.4 - $ 0.6 million.
Combined with the fourth quarter estimates, the Company anticipates revenue for the full year '06 to be approximately $26.5 - $27.0 million and operating income of approximately $4.5 - $4.7 million.
The Company anticipates filing its Form 10-KSB and holding an investor conference call during the second half of March 2007. A press release will be issued announcing the date and time of the call.
About Infosmart Group, Inc.
Infosmart operates a state of the art DVDR production facility in Hong Kong and is preparing to manufacture new writable High Density media (HD-DVDR). In addition, the Company will soon become one of the largest manufacturers of DVDR discs in Brazil. Disc media will be the storage media of choice for years to come, whether as HD-DVDR for mature markets or traditional DVDR for developing markets. No other storage media available rivals its combination of high capacity, low cost and exceptional portability.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to Infosmart Group, Inc. (the "Company"). However, actual events or results may differ from the Company's expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, risks associated with international transactions, general economic conditions, availability of funds for capital expenditure by customers, availability of timely financing, cash flow, timely delivery by suppliers, ability to produce our DVDRs and their components, ability to maintain quality control, collection-related risks from international transactions, or the Company's ability to manage growth. Other risk factors attributable to the Company's business may affect the actual results achieved by the Company including those that are found in the Company's Current Reports filed with the SEC on Form 8-K on August 24, 2006 and subsequent Quarterly Reports on Form 10-Q and subsequent Current Reports filed on Form 8-K that will be included with or prior to the filing of the Company's next Quarterly or Annual Report.
CONTACT:
After Market Support, LLC Pamela Solly Phone: (720) 489-4912 ps*aftermarketsupport.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Feb 12, 2007 (M2 PRESSWIRE via COMTEX) -- **********, www.**********, is initiating coverage of Regions Oil & Gas, Inc. (OTC: RGNO) after releasing the latest short sale data to February 2007. From January 2005 to February 2007 approximately 90 million total aggregate shares of RGNO have traded for a total dollar value of nearly $12.7 million. The total aggregate number of shares shorted in this time period is approximately 6.9 million shares. The RGNO SqueezeTrigger price of $0.14 is the volume weighted average short price of all short selling in RGNO. A short squeeze is expected to begin when shares of RGNO close above $0.14. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.**********.
Month Total Vol. Short Vol Avg.Price $Value
Jan 05 191,783 14,767 $0.02 $278
Feb 44,814 3,451 $0.02 $52
Mar 6,610 509 $0.02 $8
Apr 225 17 $0.02 $0
May 24,393 1,878 $0.02 $42
June 18,150 1,398 $0.02 $21
July 48,880 3,764 $0.02 $56
Aug 2,480 191 $0.02 $3
Sept 8,014 617 $0.02 $9
Oct 20,100 1,548 $0.01 $19
Nov 11,522 887 $0.01 $8
Dec 1,030 79 $0.01 $1
Mar 06 11,124 857 $0.01 $7
Apr 120 9 $0.01 $0
May 55,671 4,287 $0.01 $62
July 12,650 974 $0.02 $17
Aug 2,100 162 $0.02 $2
Sept 5,660 436 $0.02 $7
Oct 1,866,533 143,723 $1.26 $181,450
Nov 1,713,284 131,923 $0.85 $112,134
Dec 34,510,600 2,657,316 $0.18 $477,520
Jan 07 30,058,932 2,314,538 $0.04 $101,145
Feb 21,337,480 1,642,986 $0.06 $105,151
Tot 89,952,155 6,926,316 $0.14 $977,993
*short volume is approximated using a proprietary algorithm.
**average short price is calculated using a volume weighted average short price.
***short volume is the total short trade volume and does not account for covers.
About Regions Oil & Gas, Inc.
Regions Oil & Gas, Inc. was formed to initiate, manage, acquire, supervise and operate oil and gas ventures and to otherwise engage in the oil and gas industry and exploration business. The Company solicits and acquires from accredited and institutional investors, the capital necessary to lease, develop, and complete oil and gas wells. Their philosophy and strategy is "Bringing New Life to Old Forgotten Fields." The fields in question were generally produced in the early 1900's with the mind set and technology created during the industry's infancy. As a result, these wells have large amounts of oil still in reserves.
-------------------- "Man who excels at putting worm on hook is Master Baiter" Posts: 678 | From: Boise, Idaho | Registered: Nov 2005
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GKMP(.0004). Announces Conversion of Preferred Share Dividend Stock Feb 12, 2007 9:47:00 AM TORONTO -- (MARKET WIRE) -- 02/12/07 -- Blackout Media Corp. (PINKSHEETS: BKMP) -- On February 9th, 2007 the Board of Directors of Blackout Media Corp. approved the conversion of the preferred shares (that shareholders received as a result of the dividend in September 2006) of Blackout Media Corp. to restricted Common stock of the company.
The conversion is as follows:
For every 1,000,000,000 (1 billion) preferred shares of Blackout Media you own you have the right to buy 1,000,000 restricted common shares of Blackout Media (BKMP) Corp. stock along with the payment of $150.00 to Blackout Media Corp.
To help explain this conversion here is an example:
Let's assume you own 10,000,000,000 (10 billion) preferred shares and you wanted to convert all them into restricted common stock.
10,000,000,000 entitles you to convert to 10,000,000 restricted common shares plus the payment of $1,500.00.
This is how the math works:
10,000,000,000 / 1,000,000,000 = 10
(This is how many 1 million shares you can buy by converting you preferred shares)
10 x 1,000,000 = 10,000,000
(This is how many restricted common shares you would get if you converted all your preferred shares to restricted common shares)
10 x $150.00 = $1,500.00
(This is how much you need to send to the company to pay for the conversion)
If you are interested in converting your preferred shares to restricted common shares you need to send your preferred shares to the transfer agent along with your payment.
The payment MUST be made out to the transfer agent not to Blackout Media Corp. as they will be acting as the agent on this conversion for the company and handling the entire transaction.
Here is the transfer agent's information:
American Heritage Stock Transfer Inc. 4248 Merck Rd Wilson, NC 27893 USA
Attention: Jason Green 919-827-4118 A letter to the shareholders will be mailed out this week further explaining the opportunity to convert your preferred shares to restricted common shares.
This is a mandatory conversion -- but should you not exercise your right to convert then on April 30th, 2007 your preferred shares become null and void.
But if you are interested in doing this you MUST do it by April 30th, 2007 after which the company will no longer accept your preferred shares for conversion and they will become worthless.
One final point that needs clarification is if shareholders have less then one billion (1,000,000,000) preferred shares the company is allowing you to convert as if you had the minimum preferred shares for conversion being the one billion (1,000,000,000) preferred shares. This allows a shareholder to purchase one million (1,000,000) restricted common shares for $150.00. In addition should any shareholder have an in-between amount of preferred shares they are allowed to round up to the next billion for conversion purposes only. In other words -- you can round up your preferred stock to the next billion shares for conversion purposes to allow you to maximize the amount of restricted common stock you can purchase through this process.
About Blackout Media Corp.:
Blackout Media Corp. is a holding company with an interest in Blackout Communications who is a diversified media and entertainment company conducting operations in digital television, VOD, PPV, radio the Internet and print under the brand name "The Fight Network." The activities of Blackout Media Corp. are conducted principally in Canada and the United States.
Safe Harbor
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. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Media Contacts:
Stephen Murdoch OEB International Public Relations/Public Affairs Tel: (905) 682-7203 extension 22 Fax: (905) 682-7481 E-mail: smurdoch*oeb.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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BKMP (.0004) Announces The Fight Network Signs Multi-Year Deal With EliteXC to Bring "LIVE" MMA Events to Canadian Television Feb 12, 2007 10:00:00 AM TORONTO -- (MARKET WIRE) -- 02/12/07 -- Blackout Media Corp. (PINKSHEETS: BKMP) -- The Fight Network(TM), North America's only twenty-four (24) hour combatant sports and entertainment channel, announced on February 1st, 2007 that it has acquired the exclusive Canadian broadcast rights to EliteXC "LIVE" and tape-delayed MMA (Mixed Martial Arts) Events.
EliteXC is a newly formed Mixed Martial Arts venture led by CEO Doug DeLuca and President of Live Events Gary Shaw, a prominent fight promoter. EliteXC is backed by LA-based Pro-Elite Inc. EliteXC will also be seen in the U.S. marketplace on SHOWTIME, a premium television network.
The first event which aired on The Fight Network in this multi-year deal on February 10th "LIVE" at 10pm EST with Frank Shamrock vs. Renzo Gracie in the main event, was a resounding success. The show which was broadcasted on The Fight Network across Canada is the first MMA non-PPV event shown live in Canada, many bars and restaurants featured events on Saturday night promoting the show. As well TFN garnered many more subscribers to the network as a result of the extension advertising and promotion conducted in connection with this first ever event.
Frank Shamrock is regarded by many to be the first true mixed martial artist in combat sports. Renzo Gracie is a prominent member of the most famous family in martial arts. Now these two legends will square off in the first-ever EliteXC event.
Also on the card will be Canada's own David "The Crow" Loiseau taking on Joey "The Dream Smasher" Villasenor in what promises to be an exciting middleweight fight as well.
"This is excellent news for our viewers," said Brian Sobie, VP of Programming for The Fight Network. "We have been looking to add 'Live' premium MMA events to our line-up and I am very confident that the shows that EliteXC has planned out will connect soundly with our audiences."
"EliteXC is dedicated to delivering top quality fights from around the world each and every time out," said Doug DeLuca CEO of EliteXC. "We're very pleased to have The Fight Network on board to bring our events into the homes of enthusiastic mixed martial arts fans across Canada," he added.
About The Fight Network: The Fight Network is a cross-platform media company with brand interest in television, pay-per-view, radio, mobile and web. All five of these media are seamlessly integrated to offer fans of combatant sports and related entertainment a true convergence experience. The Fight Network Inc. corporate headquarters is located in Toronto, Canada. The Fight Network's Website is: www.thefightnetwork.com.
About Pro Elite "EliteXC":
Pro Elite, Inc. is an entertainment and media company dedicated to producing world-class sports events which empowers the participation of both athletes and enthusiasts. Pro Elite Inc. fosters the growth of the core principles of competition -- Pride, Spirit, Honor and Sportsmanship. (www.proeliteinc.com)
About Blackout Media Corp.:
Blackout Media Corp. is a holding company with an interest in Blackout Communications who is a diversified media and entertainment company conducting operations in digital television, VOD, PPV, radio the Internet and print under the brand name "The Fight Network." The activities of Blackout Media Corp. are conducted principally in Canada and the United States.
Safe Harbor
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. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Media Contact: Stephen Murdoch OEB International Public Relations/Public Affairs Tel: (905) 682-7203 extension 22 Fax: (905) 682-7481 E-mail: smurdoch*oeb.com
Pro Elite Inc. Jordan Kaye / Brian Rosman (310) 280-3710 Jordan*TheRoseGrp.com / Brian*TheRoseGrp.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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WTVI (.0055) Is Ready as New York Times Article Touts Growth Potential of Online Ads With Hundreds of Live Stations, Wi-Fi TV Is Uniquely Positioned to Embrace New Form of Advertising Feb 12, 2007 10:20:00 AM NEWPORT BEACH, CA -- (MARKET WIRE) -- 02/12/07 -- In a New York Times article on February 10, it is stated that "aside from one-time events like AOL's Live 8 concerts in 2005, there has been little live footage on the Internet." Wi-Fi TV Inc. (PINKSHEETS: WTVI) is breaking out of that reality, by offering its members hundreds of simultaneous live feeds of channels and web cams on topics like music, sports, fashion, education, news, religion, space, politics, and more.
Now Wi-Fi TV(TM) is preparing to launch Wi-FiTVA(TM) -- Wi-Fi Targeted Video Advertising -- and it believes that both advertisers and consumers are ready for this next generation of advertising.
According to the New York Times article by Louise Story, "At less than 5 percent of online ad spending, Internet commercials are still a small piece of that pie, but advertising executives say they expect them to become far more prominent this year. Advertisers spent $410 million buying space for video ads online last year, up from $225 million in 2005. They will probably spend more than $700 million this year, according to eMarketer, an online advertising research firm."
The story goes on to say that "online video is possible on a large scale because broadband internet connections are now available in more than half of American households. This is the closest the Internet has come to replicating televisions.
"Web surfers would want shorter, more interactive ads, and online commercials would ultimately work best when they merge the interactive, user-involvement aspects of the Internet with traditional video, executives say," according to the New York Times article.
"Two phenomenon have occurred simultaneously that are changing the way advertisers look at reaching an audience. First, millions of young people are migrating away from traditional Snail TV and printed media to electronic media delivery devices like iPods, laptop and desktop PCs. Second, people are using time-shifting and ad zapping devices when they do watch traditional TV," stated Alex Kanakaris, Chairman, Wi-Fi TV Inc.
"As a result of these two occurrences, the advertising industry is seeking a new way to reach sought after consumers with the next generation of adverting," Kanakaris added.
"With the new Wi-Fi TV (TM) web site, which introduces our newest vision for Social Internet TV(TM), we will be populating the entire video portions of the site, both live and on-demand TV and video, with brief video ads which precede the programming.
"This advertising has two dramatic advantages over old-fashioned video advertising on Snail TV. First, the ads precede the programming and cannot be easily zapped out. The second advantage is the most important, because it changes the whole dynamic of the way ads are delivered. With our Wi-FiTVA -- Wi-Fi Targeted Video Advertising -- two people can be watching the same program at the same time. However, each viewer will see a different ad, an ad that has been dynamically delivered to him or her based on their personal buying interests," explained Kanakaris.
Wi-Fi TV Is A Pioneer In Online TV
Wi-Fi TV Inc. has long touted the coming convergence of TV and the Internet and was established tweleve years ago, and provided the first online movie in December 1995. The Wi-Fi TV web site is the only place on the Internet where you can watch hundreds of TV stations and chat with others watching the same program in a live chat box directly under the viewing screen, and get breaking news for each country and category listed, and download a dialer and make free phone calls all on one web site.
About Wi-Fi TV Inc.
Wi-Fi TV Inc. provides a new generation TV delivery platform that has a geographic sphere out-distancing any traditional cable or over-the-air TV broadcaster. Wi-Fi TV memberships are free at www.Wi-FiTV.com and include such perks as free online phone calls and free chat and free online parties.
Ownership of Wi-Fi TV Stations is available at $25,000 (full details are on the web site www.Wi-FiTV.com). Several financing options are available.
The Company was launched in 1995 and has been publicly traded since November 1997, and has been a pioneer in the delivery of video and books over the Internet.
Press Relations
Wi-Fi TV Inc. has opened a content and technology demo room for the press in Newport Beach, California. For further information contact Colby Marceau, (949) 716-9397, info*wi-fitv.com.
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. Wi-FI TV and Social Internet TV are trademarks of Wi-Fi TV Inc. and all rights pertaining to these names are reserved. This press release shall not be deemed a general solicitation.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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SBJX (.08) Exceeds $1 Million Dollars in Funds Mirroring Trades; Auditor Verifies 2006 Trade Gains of 70.8% per GIPS Standard
Market Wire "US Press Releases "
MINNEAPOLIS, MN -- (MARKET WIRE) -- 02/12/07 -- Subjex Corporation (OTCBB: SBJX) today announced that it now has in excess of $1 million in funds mirroring the trades the Company makes with its SubjexFMS software. Additionally, the Company reported that its independent auditor, Ronald N. Silberstein, CPA, PLLC, has verified the Company's 70.8% trade gains in calendar year 2006 in accordance with Global Investment Performance Standards ("GIPS").
SubjexFMS is an intelligent software product that forecasts the DJIA so that subscribers, when "plugged into" the software, can find capital appreciation. The forecasting engine's objective is to provide accurate next day forecasts, long or short, allowing the system to take market neutral profits via short term trades. SubjexFMS is not a Mutual fund or a brokerage service; it is a software system that clients subscribe to, allowing them to automatically plug into the trades the FMS makes for itself. SubjexFMS is based upon a proprietary Artificial Intelligence trade timing engine invented by Andrew Dean Hyder.
"Today's announcements are exciting. We have hit our goal of having $1 million in funds mirroring our trades by February of 2007 and our auditors have verified our 2006 trading gains. These milestones will go a long way toward building our credibility and attracting significant institutional dollars," Hyder stated.
Based in Minneapolis, Minnesota, USA, Subjex Corporation is an innovative Artificial Intelligence Development Company. The products, SubjexCSR and SubjexME, facilitate meaningful text-based humanlike conversations with website visitors and students, while SubjexFMS forecasts the DJIA with a current accuracy of nearly 80%. For more information visit the website at www.subjex.com.
This news release contains "forward-looking statements" within the meaning of Section 27a of the Securities Acts of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.
For more information contact: Subjex Corporation Andrew D. Hyder C.E.O. 866-777-0052 952-931-0501 Email Contact
MeritView Partners LLC William P. Bartkowski 612.605.8616 Email Contact
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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