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eCarfly Announces Letter of Intent Scheduled to Be Signed by Board of Directors on Friday, March 2Nd, 2007 - Plan of Action Released for Merger with Prospective Alternative Fuels Company
Mar 1, 2007 06:00:18 (ET)
DALLAS, Mar 01, 2007 (BUSINESS WIRE) -- eCarfly, Inc. (PINK SHEETS: ECFL) announced today that they have formulated a formal plan of action for merging with the prospective Alternative Fuels Company (AFC). As stated in Wednesday's late afternoon press release, the Formal Letter on Intent has been submitted and is scheduled to be signed by the board of directors of the AFC on Friday, March 2nd, 2007.
eCarfly has released the following action points that are to be carried out over the next two weeks:
-- Formal Letter of Intent Signed and Filed (Friday March 2nd, 2007)
-- Release of company name and officials
-- Release of forward going total estimated revenues
-- Release of Estimated direct gains to eCarfly
-- Release of all patents and technologies
-- Description of existing partners and ventures
-- Promotion & Marketing tactics
-- Major contracts by specific institutions and product line
-- Recent corporate transactions
The aforementioned action points are intended to provide eCarfly shareholders an opportunity to see the due diligence currently being performed. All action points described will be researched and carried out according to their time of completion. eCarfly has been under in-depth negotiations with the AFC and foresees the completion of the merger in its entirety to be concluded in the very near future.
"We are especially pleased with the market reflection that has taken place in the past week. Our intention is to keep all our shareholders abreast of the merger situation and its whereabouts in relation to its completion. We are confident that merger negotiations with the AFC are now beyond a point of retraction," stated Desmond Milligan, CEO of eCarfly, Inc.
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eCarfly Announces Prospective Alternative Fuels Company Awaits Grant Approvals from the New York State Energy Research & Development Authority
Feb 28, 2007 16:05:39 (ET)
DALLAS, Feb 28, 2007 (BUSINESS WIRE) -- eCarfly, Inc. (Pink Sheets:ECFL) is pleased to announce that in addition to this morning's release regarding the Alternative Fuels Company (AFC), they have been previewed to grants currently being reviewed by the State of New York Energy Research & Development Board. These grants are under review to launch the AFC's Ethanol Co-Fuel Engine Technology into the government vehicles that are currently being used by the state.
New York State is bombarded with pollution issues as well as cost obstacles regarding governmental vehicles. Considering the large fleet of governmental vehicles under operation by the State, estimated revenues from this project alone would be enormous.
eCarfly has submitted an official Letter of Intent (LOI) to the Alternative Fuels Company to secure the ongoing negotiations regarding the intent for merger. The LOI is intended to be signed and recorded before week's end, resulting in the possible release of legal names and formal statements moving forward. A specific plan of action has been put into place to consummate the overall transaction process of this merger and will be acted out accordingly.
"We feel that the time has come for eCarfly to make aggressive moves to complete this clearly opportune merger. As we move forward with discussions and are previewed to additional information, it has become more apparent that the AFC is a positive fit to a successful future for both companies as well as our long-term, supportive shareholders. The LOI has been submitted to bring both companies to a conclusive state within these negotiations. We intend to release press immediately upon the confirmation that the LOI has been signed and documented. As we always appreciate the support of our many shareholders we would like to thank you all for the continued trust in our organization. Today's market reflection has shown an ever lasting example of resiliency within the value of this company, its stock, and its successful future," stated Desmond Milligan, CEO of eCarfly, Inc.
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Xtreme Motorsports Launches New Value-Priced Performance Sandcar: The Sportster MT Market Wire - February 26, 2007 4:00 PM ET
Related Quotes Symbol Last Chg XTMS Trade 0.007 0.00 Real time quote.
Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company"), a manufacturer of extreme sandrails, desert and dual sport racecars, today announced the launch of a new line of 4-seat mid-travel performance sandcars to target first-time buyers looking to get involved in off-road motorsports at a reasonable price. The new line of turn-key racecars, dubbed the "Sportster MT" will retail between $17,500 and $24,000 and can be delivered in less than 45 days, a vast improvement over the 6-8 month delivery time for a custom sandcar.
Xtreme is building the Sportster MT line of cars to address the demand in the marketplace for fully featured, production line sandcars, with many of the same components found in high-end vehicles, without the high-end price. The hallmark of the design of this value-priced vehicle is the suspension system, which will have 14-16 inches of travel. Most "economy" sandcars have 5-7 inches of travel, whereas high-end models such as the 2007 Sandmaster have up to 24 inches of travel. The higher the "travel," or vertical differential, the better performance and handling drivers and riders experience in extreme terrain.
"Through the roll-out of this new vehicle, I hope to communicate to both customers and shareholders alike our goal in positioning Xtreme as the value leader of the off-road motorsports industry," commented Alan McCaa, President & CEO of Xtreme Motorsports. "The Sportster MT, which is almost a year in the making, represents our best in manufacturing an affordable, yet powerful, racing sandcar. It's everything a family needs to get involved in off-roading, whether in sand or dirt environments.
"Although customers will be able to finance the Sportster MT for as little as $125 per month, we want them to know that this is an affordable car, not a 'budget' or 'economy' vehicle; it will stand up to the most adventurous users and arduous conditions," finished McCaa.
The Sportster MT models will offer a choice of colors, Garmin eTrex GPS navigation, King Shocks, heavy-duty aluminum alloy wheels, race-grade suspension seats, 5-point seat belts and chromed accessories. Buyers will be able to choose from three different engines, available in 150, 175 and 200 horsepower configurations. In addition, customers can choose dirt or sand tires based on the primary terrain in which the racecars will be used.
Xtreme is taking delivery of the first of the frames and components today and will make available photos and detailed specification of the Sportster MT model on its website by the middle of March 2007.
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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Xtreme Motorsports Provides Update Regarding Cash and Stock Dividend Market Wire - February 28, 2007 5:40 PM ET
Related Quotes Symbol Last Chg XTMS Trade 0.007 0.00 Real time quote.
Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company") today provided an update regarding the cash and stock dividend announced on February 16, 2007. Shareholders of record as of February 12, 2007 will receive a 1% stock dividend, or 1 share of restricted common stock for every 100 held as of the record date, and a cash dividend of $0.0001 per share. The Company anticipates completing the distribution on or before June 1, 2007.
As previously announced, the cash and stock dividend is intended to protect shareholders and address the recent drop in share price during the week of February 5, 2007, which the Company believes is the result of reputable brokerages engaging in the illegal practice of naked short selling. The Company will consider taking further action if this activity continues.
"While we understand that the dividend is relatively small, our intent was to cause any short sellers to cover their positions," commented Alan McCaa, President & CEO of Xtreme Motorsports. "On an annual basis, Xtreme will evaluate the distribution of a dividend to shareholders and hope to increase the amount in the future."
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.
TORONTO, Feb 28, 2007 /PRNewswire-FirstCall via COMTEX/ -- Playstar Corp. announces it has rescheduled its public conference call from March 1st, 2007 to Tuesday, March 6th 2007 at 2:30 EST
Stewart Garner states "Due to a corporate development resulting in a scheduling conflict we have decided to push the call back to Tuesday. The company has had an overwhelming response and has hired AT Conference www.atconference.com to host and moderate the conference call. We have changed the questions part of the call to an open question format and wanted a professional firm to host this call. We believe shareholders will be very pleased with all details discussed and look forward to all participating on Tuesday with myself and Marc Askenasi."
Participants dialing in for the conference will dial 866-901-2585 or 404-835-7099. It is advisable that participants dial in approximately 10-15 minutes before the conference is scheduled to begin. All participants who dial in will need to give the operator their first and last name, Telephone Number, and Email Address. After that information is given to an operator, the participants will be placed on music hold prior to the start of the conference.
When the conference begins, all participants will be placed in lecture mode so that the speakers may have their discussion without interruption. The speakers will queue the operator when they are ready to take questions. The operator will give instructions to the participants on how to queue up for a question. The operator will go through all participants who have questions and inform the speakers when questions have ceased. When speakers have concluded, everyone may disconnect from the conference.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," 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. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filings.
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DC Brands International CEO Richard Pearce on the Radio at 9:50am Mountain Time Market Wire - March 01, 2007 5:35 AM ET
Related Quotes Symbol Last Chg DCBI Trade 0.125 +0.005 Real time quote.
At the close of business Wednesday; DC Brands International (PINKSHEETS: DCBI) announced their CEO Richard Pearce will be doing a radio interview on the "Business for Breakfast" show with Tom Chenault. This will occur on a Colorado-based radio station and can be listened to by tuning in on 1060AM. The broadcast can also be listened to via the internet by going to www.RadioColoradoNetwork.com and hitting the "Listen Live" button. The interview will begin at approximately 9:50am MST. Mr. Pearce will be discussing the company's recent explosive growth and its enormous popularity with NASCAR race fans around the country.
For more information on the company, visit their web site at www.TurnLeftEnergy.com and DickensEnergyCider.com Primary Contact: Keith Howard 303-279-3800
Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by DC Brands International with the Securities and Exchange Commission, including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of DC Brands International as of the date of this release. DC Brands International and its managers and agents undertake no obligation to publicly update any forward-looking statements.
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DC Brands International Starts Franchising Winning Strategy Across the Country Market Wire - March 01, 2007 7:05 AM ET
Related Quotes Symbol Last Chg DCBI Trade 0.13 +0.01 Real time quote.
Today, DC Brands International (PINKSHEETS: DCBI) announced they have begun meetings with several distributors in other states and will start bringing them onboard at a manageable pace. The company's president Richard Pearce said, "After the production problems of last year, even though we have been in business for more than four years, we are treating this as if we are starting all over again from scratch. We no longer think we have a winning formula; we know this for a fact. It is working even better than we had forecasted. I wanted to make sure that we had our ducks in a row right here in our own backyard in Colorado before we documented everything and began signing up additional distributors. We are being quite stringent about compliance on our programs and strategies because we can prove that if you roll out the product per our plan, it provides fantastic results. Any distributors not willing to comply, need not apply; that's our motto. In the last few days, we announced our new distributor in Utah. We are completing the paperwork with a few others this week. I should be ready to announce the next one this week, providing I receive their initial order today or tomorrow as expected. Our goal is just 2 more distributors in March and then 2 or 3 more in April. We will help them launch and evaluate their compliance and results; tweaking anything if needed and start rolling on many more. I will say the process is getting much easier. We have the all important data coming in that kicks open doors and we are receiving requests from distributors and retailers on a regular basis. As I said months ago, when we started this re-launch/rebuild if you will, we are going to do this at our pace, on our terms, with focus on perfect execution and we are doing just that."
For more information on the company, visit their web site at www.TurnLeftEnergy.com and DickensEnergyCider.com. Primary Contact: Keith Howard 303-279-3800
Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by DC Brands International with the Securities and Exchange Commission, including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of DC Brands International as of the date of this release. DC Brands International and its managers and agents undertake no obligation to publicly update any forward-looking statements.
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EASLEY, SC--(MARKET WIRE)--Mar 1, 2007 -- Computer Software Innovations, Inc. ("CSI") (OTC BB:CSWI.OB - News), a provider of software and technology solutions, announces the release of the new version of its financial management software, SmartFusion™, which is designed exclusively for the public sector. The release of this software will allow CSI to position itself as a national software company with a focus on the local government and K-12 education sectors. CSI's development team designed SmartFusion™ by utilizing Microsoft's™ latest technologies, .Net 2005 and the SQL Server 2005 database. By utilizing these Microsoft™ tools, SmartFusion™ offers a distinct advantage in software performance, as well as offering scalability which is critical as CSI partners with a wide range of customers. ADVERTISEMENT
SmartFusion™ affords existing CSI customers the same functionality as Accounting +Plus, CSI's current financial management software, that they trust to manage the day-to-day financial operations of their agency. Additionally, there are major enhancements, functionality, and capabilities within SmartFusion™ that will allow the user to further improve and streamline their organization's functions. In addition to enhanced functionality, users will enjoy advanced security, easy updates, and overall improved performance. With CSI's exclusive focus on the public sector, SmartFusion™ is positioned to be among the most powerful fund accounting applications available.
With the development of SmartFusion™, CSI continues its customer service-driven history of listening to customer needs and responding to those needs. The methodology of development included first and foremost customer feedback, evaluation of existing products, and examination of best business practices. These evaluations drove the entire development, testing, and conversion processes of each of the individual modules as they were developed.
According to Nancy Hedrick, President and CEO, "CSI is dedicated to providing financial management software that improves business practices and offers substantial gains in efficiency to public sector clients. SmartFusion allows us to offer our clients the latest technologies, while embracing CSI's long-standing tradition of timely, efficient, and courteous customer service. Releasing SmartFusion is a major step toward reaching our goal of being a national software company in the public sector market."
About Computer Software Innovations, Inc.
Computer Software Innovations, Inc. is a full service company providing software and technology solutions primarily to public sector organizations. The software solutions include financial management, billing and revenue management, school activity accounting, lesson planning and automated workflow. The technology solutions include IP telephony, IP video surveillance, visual communications, interactive classrooms, network security and traffic monitoring, infrastructure design, wireless solutions, network management, engineering services and hardware solutions. CSI's client base includes school districts, higher education, municipalities, county governments, and other non-profit organizations. Currently, more than 400 public sector organizations utilize CSI's software systems and network integration services. Additional information on CSI can be obtained through its website at www.csioutfitters.com.
Forward-Looking and Cautionary Statements
Certain information contained in this news release includes forward-looking statements that involve substantial risk and uncertainties. Any statement in this news release that is not a statement of an historical fact constitutes a "forward-looking statement." Among other things, these statements relate to our financial condition, results of operations and business. When used in this news release, these forward-looking statements are generally identified by the words or phrases "may," "expect," "anticipate," "plan," "believe," "seek," "estimate," "project" or words of similar import. These forward-looking statements are not guarantees of future performance. These statements are based on management's expectations that involve a number of business risks, uncertainties and other factors that may cause the actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Many factors are beyond our ability to control or predict. You are accordingly cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date that we make them. For more information on factors that could affect expectations, see the Company's Annual Report on Form 10-KSB for the year ended December 31, 2005, and other reports from time to time filed with or furnished to the Securities and Exchange Commission. This press release speaks only as of its date, and the Company disclaims any duty to update the information herein.
Contact: For More Information Contact: Computer Software Innovations, Inc. (CSI) 900 East Main Street, Suite T Easley, South Carolina 29640
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I Wonder what happened to JUICE today? Maybe he is snowed in with no power!!! That is about the only thing that would keep him from making this board up,
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Cambridge Resources Receives Independent Preliminary Engineering Report on American Pride Energy With an Estimated Value of USD$90 Million Market Wire - March 01, 2007 9:28 AM ET
Related Quotes Symbol Last Chg CBRP Trade 0.04 -0.005 Real time quote.
Cambridge Resources Corporation (PINKSHEETS: CBRP) (FRANKFURT: M3F) announced today that it has received a preliminary engineering evaluation report from GA Engineering, which values some of the properties at USD $90 Million, representing a value of $0.50 per share.
According to the independent preliminary report, only certain properties were surveyed and upon receipt of the complete independent evaluation report, expected by March 7, 2007, the evaluation figure on all properties could be established between USD $180 Million to $250 Million, representing a net present value per share of $1.00 to $1.39 per share.
"We are very happy with the preliminary independent report, which was delivered much faster than anticipated," said Tony Felitsky, President and CEO of Cambridge Resources Corp. "Our team of independent experts and our experienced management team will enable us to build a highly successful company here and abroad," further added Mr. Felitsky.
Cambridge Resources Corporation will continue to seek and acquire producing oil and gas companies throughout North America and around the world.
About Cambridge Resources
Cambridge Resources Corp. is a junior oil and gas producer located in Kansas City and its properties have an estimated 5,000,000 barrels in recoverable reserves and once the required financing is concluded, the company expects production to grow to 182,500 barrels of oil per year and 219,000 MCF of gas per year. The company projects to generate approximately USD $40 million in Revenue and USD $32 million in Profit within the next 5 years and further exceed these projections with the acquisition of further proven reserves in North America and around the world.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Alex Barta 514-991-2272 abarta*cambridgeresourcescorp.com
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Global Diamond Exchange Considers Acquistion of Synthetic Diamond Manufacturing and Processing Facility PR Newswire - March 01, 2007 7:00 AM ET
Related Quotes Symbol Last Chg GBDX Trade 0.007 -0.0001 Real time quote.
Global Diamond Exchange Inc. (OTC: GBDX) is pleased to announce that management has begun conducting due diligence, setting the stage for the possibility of acquiring a synthetic diamond manufacturing and processing facility in Moscow, Russia.
Global's management sees this as an opportunity to expand its operations by purchasing the land, equipment, and business of another company. This is the first stage of a proposed expansion, with the terms and conditions not yet finalized. This is something that will obviously have to occur in the event an acquisition is undertaken and if all parties agree to the terms it is viable that this transaction can be completed within 60 days.
The company will continue to keep everyone informed as developments occur.
About Global Diamond Exchange:
Global Diamond Exchange originally opened their office on 2 West 46th street in the heart of the New York's Diamond District. After several years of operation at their New York office the company decided to shut down the operation due to low pricing and soft demand in North America. The company concentrated its efforts on exporting cut diamonds from the Russia Federation and European locations. The new company has reopened its sales offices in the original building ready to take on the increased demand for fine quality diamonds.
NOTE: Safe Harbor for Forward-Looking Statements.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," 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. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
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Titan Global Wholly Owned Subsidiary eComm 3 Media, Inc. Appoints Dean Crutchfield as a Member of Its Entertainment Distribution Marketing Advisory Board Thursday March 1, 9:45 am ET
Advisory Board to Provide Market Leadership to Company's U.S. Entertainment Distribution Segment
MIAMI, FL--(MARKET WIRE)--Mar 1, 2007 -- eComm 3 Media, Inc., a wholly owned subsidiary of Titan Global Entertainment, Inc. (Other OTC:TGLE.PK - News), announced today that is has appointed Dean Crutchfield as a member of its U.S. Entertainment Distribution Marketing Advisory Board. As part of the overall restructuring announced in early November, Titan is actively seeking prominent industry leaders to work with company management in implementation of its strategic business plan. ADVERTISEMENT
Dean P. Crutchfield is the Vice President, Marketing for Wolff Olins, one of the world's most influential brand consultancies, owned by Omnicom.
Born in England and now based in New York City, Dean always had a passion for communications and started young in the field of marketing and branding at the age of 22, whilst a lecturer of Marketing, at Hull University, where he gained firsthand experience on exposing its theories and practices. He has since worked with some of the world's most recognized brand consultancies, including Michael Peters, Landor, Luxon Carrà and currently with Wolff Olins, where he has spent the last 5 years and presides on its executive leadership team.
Dean has a love for brands. He has spoken around the world espousing on the value of brands for well-known institutions including the Zell Institute (Israel), The Estonia Business School, Miami Ad School, J.L. Kellogg Graduate School of Management and Wharton School of Finance. He has earned a reputation for possessing an exuberantly honed presentation style and has published articles on the power of branding and the convergence of new media as seen in BrandWeek, AdWeek, MediaWeek and expert quotes for publications and news organizations, recently including The Deal, Newsday, Advertising Age and BBC World.
Dean believes that being "liked" as a brand is not enough and that we must shape brands people can truly love. Equally important to him, due to commercial significance of brands and their importance to the long-term asset value of a business, he believes there is a need to improve the dialogue between marketing and finance for mutual benefit.
Dean's international experience with major brands around the world has led him to develop a strong belief that branding is not marketing. With this belief, Dean continues to urge the use of creativity and innovation to push boundaries and bust categories with brave thinking that can create new and better ways for brands to continually connect with their customers.
Dean Crutchfield stated, "Content is King, convergence is Queen, but there is a huge amount of great content that many entertainment, media and technology brands have at their disposal and are not capitalizing on. The eComm3 portal represents a new way for many of these brands to connect with their customers."
"We are fortunate, that we can attract prominent advertising industry leaders like Mr. Crutchfield to work with us in shaping our strategic & tactical directions," said Laurence Norjean, CEO of eComm3 Media, Inc., a wholly owned subsidiary of Titan Global Entertainment, Inc. "We believe that advertising & marketing messages will be enhanced through the delivery of content as an integral element of new, innovative integrated media models. eComm3's content aggregation & syndication technology and unique private label distribution strategies (via the Internet) will pave the way with new innovative and highly effective changes in the way & the where entertainment (and marketing messages) are delivered to consumers."
Titan Global Entertainment, Inc. is a multi-faceted entertainment distribution technology & networking company that specializes in reaching and marketing entertainment products and services as well as consumer goods to consumers via its network of media properties (radio, TV, Cable, magazines, newspapers and websites). Its online network (www.ecomm3.com) is launching early this year. Its music division Pyramid Records is a traditional record production & music marketing and licensing company with a distribution partnership with the Universal Music Group. Pyramid Records' business also includes distribution, television syndication, publishing and artist management. Titan is dedicated to supplying new emerging technologies for video and music to talented artists via the worldwide web.
Safe Harbor -- This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Titan Global Entertainment, Inc. future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.
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Phoenix Associates Updates on Legal Activities Relating to Murphy Sand & Gravel Market Wire - March 01, 2007 10:33 AM ET
Related Quotes Symbol Last Chg PBLS Trade 0.021 0.00 Real time quote.
Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today released the following update on two pending litigation activities relating to its Murphy Sand & Gravel (MS&G) mining operations. The following information is provided by Thomas E. Schafer, III, Esq., the Company's lead attorney on these matters.
This information is being made available to the Phoenix shareholders so as to provide them with a more complete understanding of the progress of its legal activities relating to its sand and gravel operations at Murphy Sand & Gravel, Pearl River, LA.
Phoenix Associates Land Syndicate v. E.H. Mitchell & Co., L.L.C. and No. 203-12894, 22nd JDC For the Parish of St. Tammany
Mr. Schafer's comments on this first legal matter are as follows: "In June 2003, Phoenix filed a petition to stop its lessor, E.H. Mitchell and Co., L.L.C. and its manager, Steven M. Furr, from interfering with its peaceful operation of the sand and gravel lease and to assess damages against the lessor for its past acts of interference which impeded Phoenix from developing an increase of income from its operation of the sand and gravel lease.
"Mitchell reconvened in that same suit, alleging that Phoenix had, among other things, entered into two (2) Operating Agreements, which were tantamount to prohibited sub-leases under the original lease. For several years, counsel for Phoenix and counsel for Mitchell were attempting to negotiate a mutual settlement in lieu of going trial. Counsel for Mitchell died an untimely death and substituted counsel for Mitchell returned to Court in an attempt to evict Phoenix from the leased premises.
"Mitchell filed a motion for summary judgment (that is, without a trial) based on the allegations that the two (2) Operating Agreements were actually sub-leases, and as such, violated the terms of the lease. The trial judge granted the motion for summary judgment on September 15, 2006, which declared the Operating Agreements to be sub-leases and as such, the lease was thereby terminated.
"Based on the opinion of its attorney that the granting of the summary judgment was not warranted under the law which controls summary judgments, Phoenix filed a suspensive appeal to the First Circuit Court of Appeals and posted a suspensive appeal bond in the amount of $100,000.00 cash. The suspensive appeal suspended the enforcement of the summary judgment which terminated the lease, thereby allowing Phoenix to continue to develop and operate the sand and gravel business on the leased premises, pending the outcome of the appeal.
"Since the perfection of the appeal, Mitchell had attempted to increase the bond to $1.9 million dollars, which was first rejected by the trial court and subsequently rejected by the Court of Appeal. Mitchell attempted to evict Phoenix, which was dismissed by the trial court. Mitchell attempted to amend its reconventional demand that Phoenix has committed further violations of the lease, which amendment was denied by the trial court. Mitchell attempted to require Phoenix to furnish further information on its operations under the lease, which was denied by the trial court.
"Also, since the perfection of the appeal, Phoenix has filed a new suit against Mitchell, Furr and Reginald Laurent, their attorney, for damages sustained by Phoenix as a result of Mitchell, Furr and Laurent attempting to illegally evict Phoenix from the premises after the suspensive appeal had been perfected and also, for filing a temporary restraining order without following the requisites of Louisiana Law. The temporary restraining order was first granted by the trial court and subsequently dismissed by the court after counsel for Phoenix brought to the attention of the court the failure of counsel for Mitchell and Furr to adhere to the Louisiana Law in requesting a temporary restraining order.
"It is the opinion of counsel that a decision will not be rendered by the Court of Appeal on the appeal of the granting of the motion for summary judgment for approximately one year, at which time either party to the appeal could then apply for supervisory writs to the Supreme Court, which would take about six months longer. Only at that time could Phoenix continue with its suit against Mitchell, Furr and Laurent for interfering with its peaceful operation of the sand and gravel lease. In the meantime, Phoenix will continue to pursue a settlement with Mitchell which would maintain Phoenix in peaceful possession of the sand and gravel lease for an extended period of time."
First National Bank of Picayune v. Pearl River Fabricators, Inc. No 2004-10184, 22nd JDC for the Parish of St. Tammany
Mr. Schafer's comments on this second legal matter are as follows: "Phoenix purchased a dredge, still under construction, and shaker plant from Growth Fund Industries on December 11, 2001, which dredge and shaker plant had been purchased by GFI from Pearl River Fabricators, Inc, located in Picayune, Mississippi, on November 23, 2001. Unknown to both GFI and Phoenix, Pearl River Fabricators had borrowed $200,000 from FNB of Picayune on December 11, 2000 and gave a security interest in the dredge and shaker plant to secure the loan and recorded the security interest in Mississippi on July 24, 2001.
"In the spring, 2002, Pearl River Fabricators completely delivered the dredge to Phoenix at its mine site in St. Tammany Parish, Louisiana. On November 17, 2003, nineteen (19) months after the dredge and shaker plant had been moved by Pearl River Fabricators to Louisiana, from its construction yard in Picayune, Mississippi, (the same city in which First National Bank of Picayune was located) the bank recorded the security interest in Louisiana, and two months later, First National Bank of Picayune filed a suit in Louisiana and seized the dredge and shaker plant.
"Phoenix filed a petition in that suit for a release of the seizure on the dredge and shaker plant on the legal grounds that Louisiana Revised Statues 10:9-316 requires the lender to perfect its security interest in the new jurisdiction where the dredge and shaker plant were located (in this case, Louisiana) within one (1) year after the dredge and the shaker plant were moved from Mississippi to Louisiana. The trial on this issue was held on May 3, 2004, whereupon the trial judge declared that the Mississippi security interest was still valid and allowed the seizure and sale of the dredge and shaker plant to proceed.
"A devolutive appeal was filed on behalf of Phoenix with the First Circuit Court of Appeals for the State of Louisiana. On May 31, 2006, a five (5) judge panel of the First Circuit Court of Appeals, after hearing arguments advanced by counsel for Phoenix, reversed the trial court judgment and declared that the seizure of the dredge and shaker plant was illegal since the bank had not filed its security interest in the State of Louisiana within one year after the dredge and shaker plant had been moved by Pearl River Fabricators to the State of Louisiana.
"Upon application by the First National Bank of Picayune, the Supreme Court of Louisiana granted supervisory writs to review the aforesaid decision of the First Circuit Court of Appeals. The matter will be argued before the Supreme Court on April 10, 2007."
About Phoenix Associates Land Syndicate (PBLS)
Phoenix Associates Land Syndicate (PBLS) is a public holding company, with thousands of stockholders, that has purchased motivated companies in order to enhance its assets and income basis. Since 1978, PBLS has developed assets and/or interests in sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries. For more information, visit www.pbls.biz
Forward-Looking Statements
This press release contains statements that are "forward looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
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James Monroe Capital in Talks Regarding Oil Deal
Feb 28, 2007 20:37:16 (ET)
CHICAGO, Feb 28, 2007 (BUSINESS WIRE) -- James Monroe Capital Corporation (Pink Sheets:JMCP) is in talks to enter into a joint venture to acquire three licensed oil fields in a foreign country, over 100,000 acres with 11 wells. The fields have been proven to contain reserves of 2 million tons of crude oil. That is 11 million barrels of C1 and 37 million barrels of C2.
The market value of leasing the oil fields is significantly higher than the acquisition cost, and represents the type of deal James Monroe Capital seeks.
Principal shareholder Taylor Moffitt said, "This deal could help to diversify us as shareholders, and could provide something we need: Earnings. That's why we like this. There are a lot of things we could do with only a fraction of the income from that much oil. If Frank Love can close this deal and provide that much value to the company, then we're lucky to have him, and I hope he'll consider doing another deal of this type with us. If Love nails this deal, then his candidacy for the leadership of our company will move from 'in process' to 'done.'"
No timeframe estimates or prices are being provided to the public at this time. All emails requesting additional information will be deleted. All past efforts have been "shelved" to focus on this deal, which the company has deemed as "more profitable." A combination of debt and equity may be used to fund the deal, through foreign loans and private placements at market value. No reverse stock splits will be considered.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: James Monroe Capital Corporation
James Monroe Capital Corporation, Northbrook, IL Chris McGovern, 847-418-3848
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Plasticon International, Inc. Announces Annual Shareholder Meeting to Be Held March 16th in New Orleans Market Wire - March 01, 2007 9:15 AM ET
Related Quotes Symbol Last Chg PLNI Trade 0.0003 0.0001 Real time quote.
Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company mailed the proxy statements on Monday, February 26, 2007 to all shareholders of record. Plasticon International, Inc.'s annual shareholder meeting will be held at 1p.m until 3 p.m. on March 16th, 2007 at the Double Tree Hotel in New Orleans, Louisiana.
By proxy or in person, shareholders will vote to elect four Directors of the Company to each serve a three-year term and to ratify the appointment of Mendoza, Berger & Co. of Irvine, California as the independent registered public accounting firm of the Company for the year 2006 and 2007. At the meeting, shareholders may transact such other business as may properly come before the meeting. The proxy statement referred to a record date of February 16th, 2007 and should have read February 9th, 2007
"I am looking forward to meeting with our shareholders at our first annual shareholder's meeting. We look for their continuing support as we move forward and bring the Company into full compliance to move to the OTC Bulletin Boards in 2007," stated Jim Turek, President and CEO of Plasticon International, Inc.
Shareholders are urged to contact the Double Tree Hotel if they would like to attend the 2007 Annual Meeting of Stockholders of Plasticon International, Inc., to be held on Friday, March 16, 2007 at 1:00 p.m. to 3:00 p.m. at the Double Tree Hotel New Orleans, 300 Canal Street, New Orleans, Louisiana, United States 70130-1010. The Double Tree Hotel New Orleans call can also be reached at (504)-581-1300.
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.
America Asia Petroleum Announces Trademarks CARSON CITY, Nev., March 1 /PRNewswire-FirstCall/ -- America Asia Petroleum (OTC Pink Sheets: AAPM) company officers are pleased to announce the United States Government Patent and Trademark office has approved the product trademarks which will serve as is an important element of upcoming advertising and promotion that the company plans to conduct as it formulates marketing strategies with potential vendors and public relations firms.
America Asia Petroleum, with offices in China and USA, represents joint venture energy companies that operate in China.
Safe Harbor Provisions -- This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking-statements.' Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as 'expects,' 'will,' 'anticipates,' 'estimates,' 'believes' or statements indicating certain actions 'may,' 'could' or 'might' occur. The company 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 sanctioned by the Company.
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eCarfly Announces Stock Purchase Agreement Submitted to Alternative Fuels Company
Mar 1, 2007 14:23:18 (ET)
DALLAS, Mar 01, 2007 (BUSINESS WIRE) -- eCarfly, Inc. (Pink Sheets: ECFL) announced today that the Stock Purchase Agreement (SPA) between eCarfly and the Alternative Fuels Company (AFC) has been submitted and is currently under review. After successful negotiations with the AFC, eCarfly has revised the original SPA and intends to have the agreement signed and returned by March 9th, 2007.
Additional negotiations are currently being discussed to complete the intended merger between both companies. Documentation involving legal and financial futures has been brought to both parties to begin final phases in the overall research and development process.
The AFC has also released information of numerous successful showcases with the world's largest transportation carriers and governmental agencies. These new findings will result in a drastic increase in estimated revenues and profits to both organizations.
"We have made remarkable progress in this process to merge with the Alternative Fuels Company. Our extensive research continues to reveal additional attributes that will only compliment both organizations as we move forward. The AFC is considered to be one of the world's most reputable organizations within its industry and has been performing legitimately successful business since its inception. eCarfly's stock has risen 10% over yesterdays close. If successful, today's positive close would result in over 5 successful trading days. We feel that the pace and attitude of the entire merger, as well as the market response, is moving according to plan and will continue to render a positive outcome for both companies and our shareholders. Please continue to observe our updated press releases as we intend to update our shareholders of pivotal moves that are made in the merger process," stated Desmond Milligan, CEO of eCarfly, Inc.
SOURCE: eCarfly, Inc.
eCarfly, Inc. Desmond Milligan, 214-208-ECFL (3235) ecflinvestor*yahoo.com
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