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AMWS (.01) - General Update Mar 5, 2007 7:21:00 PM Copyright Business Wire 2007 LAS VEGAS--(BUSINESS WIRE)--
American Water Star, Inc. (Pink Sheets: AMWS) is pleased to announce that it expects to be back in operation soon with a new direction and business plan, new advisors, a tightly focused new corporate strategy and is developing strong alliance partners.
The Company's Chief Executive, Roger Mohlman, recapped several major contributors to the Company's recent difficulties that caused it to cease operations. These issues included, but were not limited to, the inability to complete timely or accurate audits and required filings; a hedge fund that foreclosed on Company notes which resulted in the loss of substantial assets; a mass merchandising customer of the Company whose product and raw materials expired; and a false allegation lodged against the Company for non-payment of rent during the Katrina aftermath, regarding which litigation the Company subsequently prevailed. Mr. Mohlman also stated that the above issues notwithstanding the Company's current accounting matters have been successfully resolved and the Company is working toward bringing its SEC filing current. He stated that interested parties should expect to see AMWS back soon.
AMWS also rescinds the Press Release dated December 10, 2003, awarding "ShowIt, Inc." a contract for all in store demonstrations. Because ShowIt, Inc. was unable to produce the corporate and financial documents required to finalize the deal, the contract was terminated.
Forward-Looking Statements
This press release may contain statements that constitute "forward-looking statements" as defined under U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "establish," "project" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or projections. These risks include, but are not limited to, our ability to meet our working capital needs to continue operations; management's ability to seek additional funding or potential merger and acquisition candidates; any additional work that may be required for our financial statement preparation to bring the Company compliant with its 12g reporting obligations; the actual amount of annual sales of AMW water; changes in economic conditions; changes in the non-alcoholic beverages business environment, including actions of competitors and changes in consumer preferences; our ability to capture market share; the effectiveness of our advertising and marketing programs; fluctuations in the cost and availability of raw materials or necessary services; our ability to avoid production output disruptions; our ability to achieve earnings goals; regulatory and legal changes; our ability to penetrate developing and emerging markets; litigation uncertainties; and other risks discussed in our filings with the SEC, including our Annual Report on Form 10-KSB, Quarterly Reports on Form 10-QSB, and Current Reports on Form 8-K, which reports are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to publicly update or revise any forward-looking statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Source: American Water Star, Inc.
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MCTI (.16) Reports 72% Increase in Revenue in 2006
Business Wire "US Press Releases "
ST. PAUL, Minn.--(BUSINESS WIRE)--
Micro Component Technology, Inc. (OTCBB:MCTI) today reported results for its fourth quarter and fiscal year ended December 31, 2006.
Net sales for the fourth quarter ended December 31, 2006 were $2.9 million, a sequential increase of 42% from the fourth quarter of 2005. The net loss for the current quarter was $0.7 million or $0.02 per share compared to a loss of $1.5 million or $0.20 per share in the fourth quarter of 2005.
Net sales for the year ended December 31, 2006 were $12.2 million, an increase of 71.8% from net sales of $7.1 million in the prior year. The net loss for the 2006 was $3.7 million, or $0.12 per share, compared to a net loss of $5.1 million, or $0.20 per share in the prior year.
MCT's Chief Executive Officer, Roger Gower, commented, "MCT in 2006 made strong progress from both the financial and marketing standpoint. Financially, the loss in 2006 of $3.7 million included non-cash charges of $1.8 million related to debt issuance costs and the conversion from debt to equity of $2.1 million of convertible notes. In addition, our EBITDA (excluding inventory adjustments) for 2006 was approximately $250,000, reflecting the impact of strong gross margins and the stringent expense controls implemented in 2006. From a market perspective, MCT introduced its new Tri Temp Tapestry product in June 2006 and received orders of over $3.6 million for this product during the remainder of 2006. This momentum is continuing into 2007, new orders of $2.3 million for the Tri Temp Product have already been received this year."
MCT is a leading manufacturer of test handling and automation solutions satisfying the complete range of handling requirements of the global semiconductor industry. MCT has recently introduced several new products under its Smart Solutions(TM) line of automation products, including Tapestry(R), SmartMark(TM), SmartSort(TM), and SmartTrak(TM), which are designed to automate the back-end of the semiconductor manufacturing process. MCT believes it has the largest installed IC test handler base of any manufacturer, with over 11,000 units worldwide. MCT is headquartered in St. Paul, Minnesota, with its core manufacturing operation in Penang, Malaysia. MCT is traded on the OTC Bulletin Board under the symbol MCTI.
For more information on the Company, visit its web site at http://www.mct.com
Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that involve risks and uncertainties, including the timely development and acceptance of new products, the impact of competitive products and pricing, the impact on cash and results of operations from a flattening or renewed downturn in the semiconductor capital equipment market, the need for additional financing, and the other factors detailed from time to time in the Company's SEC reports, including but not limited to the discussion in the Risk Factors and Management's Discussion & Analysis included in Form 10-K for the year ended December 31, 2005 and Form 10-Q for the quarter ended April 1, 2006, July 1, 2006 and October 2, 2006.
MCT, Inc. (Year-End 2006) - Page Three Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share data) Three months Years ended ended Dec. 31, Dec. 31, Dec. 31, Dec. 31, 2006 2005 2006 2005 -------- -------- -------- --------
Condensed Consolidated Balance Sheets (Unaudited) (In thousands) Dec. 31, Dec. 31, 2006 2005 -------- -------- Assets Current assets Cash and cash equivalents $200 $77 Accounts receivable, net 2,816 1,661 Inventories, net 2,016 2,194 Other current assets 169 169 -------- -------- Total current assets 5,201 4,101 Property, net 91 148
Debt issuance costs and other, net 264 297 -------- --------
Total assets $5,556 $4,546 ======== ========
Liabilities and Stockholders' Deficit Current liabilities Accounts payable $440 $425 Bank line of credit 3,906 2,630 Accrued liabilities 1,291 1,101 Current portion long-term obligations 2,195 133 -------- -------- Total current liabilities 7,832 4,289
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BMGX (.40) to Acquire Battle Mountain Gold Exploration DENVER, March 5 /PRNewswire-FirstCall/ -- ROYAL GOLD, INC. (Nasdaq: RGLD; Toronto: RGL) and Battle Mountain Gold Exploration Corp. (OTC Bulletin Board: BMGX) ('Battle Mountain') today announced that Battle Mountain has accepted Royal Gold's proposal to acquire 100% of the fully diluted shares of Battle Mountain for approximately 1.57 million shares of Royal Gold common stock in a merger transaction. This represents a value of $0.60 per fully diluted share of Battle Mountain, or a 29% premium to the 20-day weighted average trading price of Battle Mountain as of Friday, February 23, 2007. The proposal is subject to satisfactory completion of due diligence, definitive documentation, and receipt of a fairness opinion satisfactory to Royal Gold's Board of Directors, among other conditions.
To ensure continuity of Battle Mountain's business, Royal Gold and Battle Mountain also entered into a binding term sheet, as of February 28, 2007, to provide up to $20 million in bridge financing to satisfy debt obligations and finalize royalty acquisitions. The bridge loan is convertible into Battle Mountain common stock at the election of Royal Gold, at $0.60 per share.
Battle Mountain is a precious metals royalty company with a portfolio consisting of 12 properties located mainly in the Americas. Their principal assets include a 1.25% net smelter return ('NSR') royalty on gold production from the Dolores project in Mexico, under development by Minefinders Corporation Ltd. Battle Mountain also has an option to acquire an additional 2.0% NSR royalty on gold and silver production from the Dolores project. Including the option, Battle Mountain's properties contain approximately 4.8 million ounces of gold reserves and 136 million ounces of silver reserves(1).
Tony Jensen, Royal Gold's President and CEO, stated, 'This transaction will further diversify our portfolio of producing royalties and strengthens our pipeline of development-stage assets, with the Dolores project expected to commence production later this year. We are pleased with both the near-term and long-term financial impacts this transaction will have on Royal Gold and will continue to remain vigilant in our search for further accretive opportunities.'
Mark Kucher, Battle Mountain Chairman and CEO, commented, 'We are pleased to combine our assets with the premier precious metal royalty company in the business. Royal Gold has the experience, talent and resources to continue to provide an excellent return for our shareholders.'
In anticipation of this transaction, Royal Gold has obtained a binding support agreement and option to purchase approximately 18% of the outstanding common stock of Battle Mountain from Mark Kucher, which provides that he will vote for and support the transaction. Royal Gold and Battle Mountain also entered into a binding agreement providing for a 45-day exclusive period to conclude definitive documentation for the merger and providing for break-up fees payable to Royal Gold in the event Battle Mountain enters into a competing agreement with another party within twelve months. There is also a mutual break-up fee payable in the event that either party breaches the agreement.
Royal Gold is a precious metals royalty company engaging in the acquisition and management of precious metal royalty interests. Royal Gold is publicly-traded on the NASDAQ Global Select Market under the symbol 'RGLD,' and on the Toronto Stock Exchange under the symbol 'RGL.' The Company's web page is located at www.royalgold.com.
(1) For an overview of Battle Mountain's royalty portfolio refer to
Appendix A.
Cautionary 'Safe Harbor' Statement Under the Private Securities Litigation Reform Act of 1995: With the exception of historical matters, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projections or estimates contained herein. Such forward-looking statements include statements regarding gold and silver reserve totals, diversification of our producing royalty portfolio, strengthening of our development-stage royalty assets, commencement of production at the Dolores project, completion of due diligence, definitive documentation and other closing conditions including receipt of a satisfactory fairness opinion. Like any royalty acquisition on a non-producing or not yet in development project, Battle Mountain's developmental royalties are subject to certain risks, such as the ability of the operator to bring the project into production and operate in accordance with the feasibility study and the ability of Royal Gold to make accurate assumptions regarding valuation and timing and amount of royalty payments. In addition, the acquired royalty interests and development projects are subject to risks associated with conducting business in a foreign country, including application of foreign laws to contract and other disputes, foreign environmental laws and enforcement and uncertain political and economic environments. Factors that could cause actual results to differ materially from forward-looking statements include, among others, negotiation of definitive documentation, satisfactory completion of due diligence and other closing conditions, precious metals prices, decisions and activities of the operator of the property, unanticipated grade, geological, metallurgical, processing or other problems the operator may encounter, changes in project parameters as plans continue to be refined, economic and market conditions, as well as other factors described elsewhere in this press release and in our Annual Report on Form 10-K, and other filings with the Securities and Exchange Commission. Most of these factors are beyond Royal Gold's ability to predict or control. Royal Gold disclaims any obligation to update any forward-looking statement made herein. Readers are cautioned not to put undue reliance on forward-looking statements.
Appendix A Battle Mountain Gold Exploration's Royalty Portfolio
Properties with Proven and Probable Ore Reserves (1),(2) Property Location Ownership NSR Status Rate % Williams Mine Ontario Teck Cominco 0.72 Operating (50%), Barrick Gold (50%) Don Mario Mine Bolivia Orvana Minerals 3.0 Operating El Limon Mine & La India Resource Nicaragua Glencairn Gold 3.0 Operating (95%), Inversiones Mineras S.A. (5%) Joe Mann Mine Quebec Campbell 1.00(4) Operating Resources Dolores Project Mexico Minefinders 1.25(4) Operations to begin 2007 Dolores Project Mexico Minefinders 2.05(5) Operations to begin 2007
Property Metal Tons/ Average Grade Contained Tonnes (opt/gpt) Ounces(3) (millions) (millions) Au Ag Au Ag Williams Mine Gold 19.5/17.7 0.076/ -- 1.49 -- 2.62 Don Mario Mine Gold 7.2/6.5 0.087/ 1.14/ 0.62 8.2 and 2.97 39.2 Silver El Limon Mine & La India Resource Gold 1.4/1.3 0.156/ -- 0.22 -- 5.34 Joe Mann Mine Gold 0.08/0.07 0.214/ -- 0.02 -- 7.35 Dolores Project Gold 110.5/100.2 0.022/ -- 2.45 -- 0.76 Dolores Project Gold 110.5/100.2 0.022/ 1.16/ 2.45 127.8 and 0.76 39.7 Silver Total Reserves 4.8 136.0
Appendix A (continued) Battle Mountain Gold Exploration's Royalty Portfolio
Development and Exploration Properties Property Location Ownership NSR Status Rate % Sega Resource Burkina Faso Orezone 3.06(6) Resource Resources Development
Relief Canyon Nevada Firstgold 4.0 Exploration Fletcher Junction Project Nevada Pediment Gold 1.25 Exploration Hot Pot Project Nevada Pediment Gold 1.25 Exploration Marmato Properties Colombia Mineros 5.0 Exploration Nacionales S.A. Night Hawk Lake Property Ontario Selkirk Metals 2.5 Exploration (40%), East West Resource (40%), Canadian Golden Dragon (20%) Lluvia de Oro Mine Mexico Columbia Metals, 2.0 Care and Tara Gold Maintenance Resources
Property Metal Tons/ Average Grade Tonnes (opt/gpt) (millions) Au Sega Resource Gold -- -- Relief Canyon Gold -- -- Fletcher Junction Project Gold -- -- Hot Pot Project Gold -- -- Marmato Properties Gold -- -- Night Hawk Lake Property Base -- -- Metals Lluvia de Oro Mine Gold -- --
(1) Set forth below are the definitions of proven and probable reserves used by the U.S. Securities and Exchange Commission. Some of these royalty operators are Canadian issuers. Their definitions of 'mineral reserve,' 'proven mineral reserve' and 'probable mineral reserve' conform to the Canadian Institute of Mining, Metallurgy and Petroleum definitions of these terms as of the effective date of estimation as required by National Instrument 43-101 of the Canadian Securities Administrators.
'Reserve' is that part of a mineral deposit which could be economically and legally extracted or produced at the time of the reserve determination.
'Proven (Measured) Reserves' are reserves for which (a) quantity is computed from dimensions revealed in outcrops, trenches, workings or drill holes, and the grade is computed from the results of detailed sampling, and (b) the sites for inspection, sampling and measurement are spaced so closely and the geologic character is so well defined that the size, shape, depth and mineral content of the reserves are well established.
'Probable (Indicated) Reserves' are reserves for which the quantity and grade are computed from information similar to that used for proven (measured) reserves, but the sites for inspection, sampling and measurement are farther apart or are otherwise less adequately spaced. The degree of assurance of probable (indicated) reserves, although lower than that for proven (measured) reserves, is high enough to assume geological continuity between points of observation.
(2) This information is derived from publicly-available information from the operators of the properties and Battle Mountain Gold Exploration's National Instrument 43-101 reports.
(3) 'Contained ounces' are 100% of the reserves subject to the royalty interests and do not take into account losses in processing the ore.
(4) Royalty applies to gold production only.
(5) Battle Mountain holds an option to acquire a 2% NSR royalty which applies to both gold and silver.
(6) Orezone has the right to buy back up to 2.0% of the royalty for $2 million.
SOURCE Royal Gold, Inc.; Battle Mountain Gold Exploration Corp.
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SHSH (.27) New Silver Intercepts Found at Shoshone Silver Mining's Bilbao Project Mar 5, 2007 7:54:00 PM Copyright Business Wire 2007 WALLACE, Idaho--(BUSINESS WIRE)--
Shoshone Silver Mining (Pink Sheets:SHSH) is pleased to announce new results from ongoing exploration activities on its Bilboa property in the Zacatecas mining district, Mexico.
Drill hole X-26, part of the current phase of drilling examining the lateral extent of previously found zinc, lead and silver mineralization, encountered a zone of significant silver mineralization. Silver mineralization averaging 33.0 ounces per ton occurs over a 19-foot section, containing a 3-foot section of 94.9 ounces per ton silver.
The first intercept of 20.5 ounce per ton silver over a 3-foot distance occurs at the juncture of the La Blanca granodiorite and the limestone sequence at 1187 feet. The second intercept is contained within the granodiorite formation extending from 1253 feet to 1272 feet.
The silver mineralization occurs in association with steeply dipping quartz veins accompanied by minor amounts of galena and sphalerite. The angle of intersection between the veins and the vertical drill holes appears to be quite acute, therefore it is likely that true thickness of the veins is much less than the length of silver mineralization found in the core samples analyzed.
Prefeasibility Study in Progress
Mr. Al Summers, an independent consulting mining engineer and former Vice President of Operations for Hecla Mining, has been hired by Shoshone's joint venture partner Minco, PLC to conduct a Prefeasibility Study of the Bilbao project. The study will incorporate results of an independent resource evaluation commissioned by Minco and data from ongoing metallurgical and mineralogical tests being conducted on sulfide mineralization samples from the Bilbao project. Minco published the results from the resource evaluation on January 15, 2007.
About Shoshone Silver Mining
Founded in 1969 as a silver exploration, development and production company, Shoshone maintains a diverse portfolio of mineral exploration projects across the western United States and Mexico, including core holdings in the north Idaho Lakeview District. Shoshone stock trades on the Pink Sheets under the symbol "SHSH."
Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on beliefs of management as well as assumptions made by and information currently available to management. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results.
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AlphaRx Announces Completion of Phase II Clinical Trial for Indaflex Monday March 5, 8:00 am ET
0.11 MARKHAM, Ontario, March 5, 2007 (PRIME NEWSWIRE) -- AlphaRx (OTC BB:ALRX.OB - News) announced today the completion of the treatment phase of the double-blind, placebo & vehicle-controlled, randomized and multi-center Phase II clinical trial, to measure the efficacy and safety of Indaflex(tm) for the treatment of Osteoarthritis of the knee. Currently, no prescription strength topical NSAID for the treatment of arthritis is approved for sale in the U.S. ADVERTISEMENT
Following data validation and analysis, the Company expects to report top-line trial results by the end of March 2007.
In April 2006, AlphaRx licensed Indaflex to Proprius Pharmaceuticals, Inc. Under the terms of the agreement, AlphaRx is eligible to receive milestone payments of up to $116 million for the successful development and commercialization of Indaflex, as well as double-digit royalties on worldwide sales. In addition, Proprius has assumed all clinical development costs.
About Indaflex
Indaflex is AlphaRx's topical NSAID (Non-Steroidal Anti-inflammatory Drug) formulation under clinical development for the treatment of arthritis symptoms. Osteoarthritis is the most common chronic disease in North America and afflicts an estimated 10% of the world's population. Indaflex's active ingredient, Indomethacin, has a long-standing and proven clinical treatment record. With AlphaRx's enhanced proprietary delivery system, the company believes its' clinical effectiveness will be significantly enhanced compared to other topical preparations. Topical Indaflex delivery, the company hopes, may circumvent the significant GI side-effects commonly found with orally ingested NSAID's.
About AlphaRx Inc.
AlphaRx is a clinical stage pharmaceutical company utilizing proprietary drug delivery technology to develop novel formulations of drugs that are insoluble or poorly soluble in water or have yet to be administrable to the human body with an acceptable delivery method. The Company's product candidates address various pharmaceutical markets, including arthritis, tuberculosis, ocular infection and inflammation, pneumonia and sepsis.
Forward Looking Statements:
This release contains forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 and involve risks and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product development and acceptance, manufacturing, competition, regulatory and/or other factors, which are outside the control of the companies.
SRGG (.37) Purchases 750 Million Barrels of OBIP With Peace Oil Acquisition Mar 5, 2007 8:50:00 PM
2007 *********wire, Inc. SAN DIEGO, March 5, 2007 (PRIME NEWSWIRE) -- In a press release issued earlier today under the same headline, we are advised by Surge Global that further details have been added to the information presented in the fourth paragraph. The full, corrected release follows:
Surge Global Energy, Inc. (OTCBB:SRGG) ("Surge" or the "Company") and its wholly-owned operating subsidiary, Cold Flow Energy, ULC ("Cold Flow") are pleased to announce the closing of the acquisition of Peace Oil Corp. ("Peace Oil"), a privately owned oil sands company located in Alberta, Canada. Peace Oil owns an undivided 30% working interest in 135 square miles or 86,400 acres (net 40.5 sections or 25,920 acres) of oil sands leases in the Red Earth area of Alberta (the "Red Earth Leases"), consisting of four major contiguous blocks located in close proximity to existing services and infrastructure. A technical review report dated June 30, 2006 prepared by Sproule Associates Limited, an independent engineering firm, estimated that the Red Earth Leases contain resource potential of up to 2.5 billion barrels of Original Bitumen in Place (OBIP) (net Surge working interest is estimated to be up to 750 million barrels OBIP).
The acquisition was previously announced by Surge on December 1, 2006. Details of the acquisition will be included in Surge's 8-K Form to be filed with the U.S. Securities Exchange Commission (SEC).
David Perez, Chairman and Chief Executive Officer of Surge, commented, "This is a significant acquisition for Surge. It substantially increases our oil in place. We look forward to developing the Red Earth Leases to maximize their value for the benefit of our shareholders and to continue our path to building a world class oil sands company."
Under the terms of the acquisition, Cold Flow acquired all of the outstanding common shares of Peace Oil pursuant to a stock purchase agreement in exchange for approximately CDN$6.6 million in cash and 8,965,390 million exchangeable shares of the Cold Flow. The cash portion of the purchase price was paid by delivering CDN$1.0 million in cash and four separate promissory notes (including a warrant to purchase 1 million shares of Surge common stock at an exercise price of USD$1.00 per share). Three of the notes are secured by the assets of Peace Oil and the shares of Peace Oil held by Cold Flow. The exchangeable shares: (a) have the same voting rights, dividend entitlements and other attributes as common shares of Surge, (b) are exchangeable, at each shareholder's option, on a one-for-two basis, into common shares of Surge, and (c) are intended to be registered under a resale registration statement ("Registration Statement") anticipated to be filed with the SEC. The common stock underlying the warrant is also required to be registered in the Registration Statement. Details of the acquisition will be included in Surge's 8-K Form to be filed with the SEC.
With this acquisition, Surge believes that it has one of the largest footprints among the juniors in the Peace River and Athabasca oil sands regions of Canada, with 49 net sections of land in two key areas. The properties have primary (cold flow) and secondary (in-situ thermal) recovery potential, which Surge intends to validate and refine through the drilling of additional delineation and exploration wells.
About Surge Global Energy, Inc.
Surge Global Energy, Inc., located in San Diego, California intends to aggregate and exploit an estimated one billion (net equity and working interest) of net recoverable reserves in oil sands properties in the Peace River and Athabasca regions of Alberta, Canada. For more information on Surge please visit www.SurgeGlobalEnergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include the statements regarding the Company's expectations, hopes or intentions regarding the future, including, but not limited to, general economic conditions, market and business conditions; potential production and industry capacity and estimates. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. Additional risks and uncertainties include the possibility that Surge will not discover bitumen, oil or gas in the quantities the Company currently anticipates. To fund the probable and proven reserve development cost effort, Surge and Cold Flow anticipate raising a significant amount of capital which will result in substantial future dilution to existing shareholders. Other risks and uncertainties of the Company's business could cause actual results to differ and are discussed under the heading "Risk Factors" and in other sections of the Company's SB-2/A filed with the SEC on May 24, 2006 and February 14, 2007, the Company's Form 10-K for the 2005 fiscal year and in the Company's other periodic reports filed from time to time with the SEC. All forward-looking statements in this document are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statements.
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DOVP (.37) Announces Extension of Exchange Offer Mar 6, 2007 12:08:00 AM SOMERSET, N.J., March 6 /PRNewswire-FirstCall/ -- DOV Pharmaceutical, Inc. (Pink Sheets: DOVP.PK) ("DOV" or the "Company") announced today that it is extending until 5:00 p.m., New York City time, on March 7, 2007, unless further extended, the expiration of its exchange offer for all of its 2.50% Convertible Subordinated Debentures due 2025 (the "Exchange Offer") to provide additional time for holders to tender their Debentures in the Exchange Offer. DOV is offering to exchange (i) a payment in cash of $212.50 plus 8 shares of new series C convertible preferred stock of the Company, or (ii) a payment in cash of $212.50 plus 8 shares of new series D convertible preferred stock of the Company, for each $1,000 in principal amount of its Debentures. The Exchange Offer was initially scheduled to expire at 5:00 p.m., New York City time, on March 5, 2007.
As of March 5, 2007, Wells Fargo Bank, N.A., the exchange agent for the Exchange Offer, advised the Company that approximately $67.5 million, or 96.4%, of the outstanding principal amount of Debentures had been validly tendered and not withdrawn.
The Exchange Offer remains subject to the terms and conditions set forth in the Offer to Exchange, dated January 29, 2007, and the related Exchange Offer materials, each as amended to the date hereof, including the condition that at least 99% in aggregate principal amount of the Debentures are tendered in the Exchange Offer. Other than the extension of the expiration date of the Exchange Offer, all other terms and conditions of the Exchange Offer set forth in such Offer to Exchange and related Exchange Offer materials, each as amended, remain in full force and effect.
Requests for assistance in connection with the tender of Debentures pursuant to the Exchange Offer may be directed to Wells Fargo Bank, N.A. at (612) 667-9764.
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities.
Written materials explaining the full terms and conditions of the Exchange Offer are available free of charge at the Securities and Exchange Commission's website -- www.sec.gov. In addition, DOV will provide copies of these documents free of charge to holders of its outstanding Debentures upon request to Investor Relations (732-907-3640).
About DOV
DOV is a biopharmaceutical company focused on the discovery, acquisition and development of novel drug candidates for central nervous system disorders. The Company's product candidates address some of the largest pharmaceutical markets in the world including depression, pain and insomnia.
SOURCE DOV Pharmaceutical, Inc.
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Esprit Financial Group Inc. (formerly Cash Now Corporation) (CHNW.PK) Receives A Green Light to Finalize Global Visions Holdings, Inc. (GLOBAL) Tuesday March 6, 7:00 am ET
LAS VEGAS, March 6 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (CHNW.PK) www.cashnow.com (DBA Cash Now) is a public company engaged in the operation and licensing of a comprehensive suite of Internet-based payday loan and check cashing software and private label back end office systems for the sub prime market. Additionally, the Company is in the late developmental stage of offering an innovative low cost online Introductory Broker (IB) Forex trading system. ADVERTISEMENT
Esprit has also been working with Mr. Jack Chang, Global's CEO, to begin offering that company's e-wallet prepaid debit card system and electronic money management (EM2) system. Founded in August of 2002, Global is a developer and worldwide wholesale marketer of a new generation of prepaid (also known as "Stored-Value") financial payment products and services.
Esprit is pleased to announce that Jack Chang, founder of Global, will be visiting Cash Now's office later this week to resume final discussions with Esprit's CEO Mr. Garr Winters regarding the acquisition of Global by Esprit, and general business plans moving forward.
A hostile takeover attempt of Global was recently rebuffed, with the assistance of Esprit. With the satisfactory conclusion of this challenge, the companies will now resume the final stages of negotiation, and implementation of Jack Chang as an executive of Esprit and Jack's role with Cash Now.
Garr Winters, Esprit's CEO, advises, "We have always had an excellent relationship with Jack Chang. We are glad to have been of assistance in clearing up the hostile takeover attempt, and look forward to meeting Jack to complete negotiations."
Winters added: "We are excited about expanding our financial services to include Global's EM2 system. This product has widespread application for payroll, international trade, multi-level marketing and more. In addition the EM2 can be implemented in other applications developed by Cash Now and almost ready for the market. This fits perfectly within our product portfolio, and Jack himself is simply an amazing talent, having been a co-developer of ATM machines among his various inventions."
About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a pioneer in the payday loan industry, and continues to develop the most comprehensive menu of services in the cash advance industry and will retain the Cash Now brand for many of these services. The company's proven business model includes licensing to corporately operated locations across the U.S. and Canada, as well as several foreign markets. Additionally, the Company's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
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. The Beta test site has now been launched, with a full-service roll-out to follow once the platform has been successfully tested.
Additionally, the Company's e-wallet product, named EM2 (Electronic Money Management) is anticipated to be available in the near future. This stored value card allows customers to transfer cash value without having to issue checks. Employers can use it to pay employees (of great benefit for hourly workers who may not have a bank account), in multi-level marketing organizations, as well as facilitating electronic fund transfers.
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.
-------------------------------------------------------------------------------- Source: Esprit Financial Group Inc.
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eCarfly Announces - FORD MOTOR COMPANY to Review AFC's Co-Fuelling Engine Technology for Retro Fitting on Diesel Engine Production - Estimated Revenues to Exceed 462 Million Dollars Tuesday March 6, 6:00 am ET
DALLAS--(BUSINESS WIRE)--eCarfly, Inc. (PINK SHEETS: ECFL - News) announced today that the Alternative Fuels Company (AFC) in correlation with eCarfly is scheduling to showcase the Co-Fuelling Engine Technology to the FORD MOTOR COMPANY. The AFC's Co-Fuelling Engine Technology will provide an alternative means of reducing emissions in their diesel product line. This technology provides a highly cost effective means to reducing emissions in the FORD diesel engine line-up, by uniting FORD MOTOR COMPANY'S already existing efforts on pollution with the world renowned technology offered by the AFC. Revenue projections are described below. ADVERTISEMENT
According to a Ford Motor Company press release, "Ford will usher in America's clean diesel era when it introduces the all-new 2008 F-Series Super Duty pickup early next year. The truck's 6.4-liter Power Stroke® engine will be Ford's cleanest, quietest pickup diesel ever - with particulate emissions equivalent to a gasoline engine.
"Diesel engines have become the powertrain of choice for heavy duty pickup truck buyers in the U.S. because they provide more torque for maximum towing and hauling. The diesel engine's torque advantage comes, in part, because the fuel is ignited with compression - the piston's compression stroke is so intense that the fuel combusts spontaneously. The process is far more efficient than igniting fuel with spark plugs, as in gasoline engines.
"Since 2001, annual diesel truck registrations have increased from about 400,000 vehicles in 2001 to more than 500,000 today, and Ford has long been the industry leader. Ford has sold 1.3 million diesel-powered F-Series pickups in the U.S. since 2001. On an annual basis, Ford sells more diesel-powered pickup trucks than Chevrolet and Dodge combined. Nearly three-quarters of all Ford Super Duty trucks are sold with the Power Stroke diesel." To see the entire article, go to http://media.ford.com/newsroom/release_display.cfm?release=24088.
By these statistics, and cost per vehicle prices reduced to $2500 per retro-fitted unit, revenues are estimated to exceed 462 Million Dollars if project forecasts are successful. The AFC's Co-Fuelling Engine Technology will, not only decrease emissions for diesel engines built by the FORD MOTOR COMPANY, but increase engine torque at the same time.
"It is always an honor to affiliate your organization with automotive tycoons like the FORD MOTOR COMPANY. As we venture further into the process of this merger, we have become more aware of the endless revenue possibilities that would be inherited after the merger is completed. As a result of eCarfly acquiring the AFC, which provides a vehicle to becoming a publicly traded entity, the eCarfly organization will innately benefit from both existing and future revenues produced by the many possible governmental and automotive-industry contracts," stated Desmond Milligan, CEO of eCarfly, Inc.
Disclaimer:
Matters discussed in this press release are "forward-looking statements." Statements describing company objectives are forward looking. Company's plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the company and market evaluations of its stock, which could cause actual results to differ materially from those anticipated.
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Aethlon Medical Announces FDA Submission Aethlon Medical, Inc. (OTCBB:AEMD), a pioneer in developing therapeutic devices for infectious disease, announced today it has submitted an Investigational Device Exemption (IDE) to the U.S. Food and Drug Administration (FDA) requesting permission to initiate human safety studies of the Aethlon Hemopurifier® as a treatment countermeasure against select category "A" bioterror threats. Category "A" bioterror threats are defined by The Centers for Disease Control and Prevention (CDC) as agents that pose a risk to national security, are easily disseminated or transmitted from person to person, result in high mortality rates, could cause public panic and social disruption, and require special action for public health preparedness.
"The submission of our IDE represents a significant milestone in our effort to commercialize the Hemopurifier® in the United States," stated James A. Joyce, Chairman and CEO of Aethlon Medical. "I am extremely proud of our team," continued Joyce. "They managed to deliver the IDE ahead of schedule, while advancing new collaborations with researchers representing the United States and the Government of India," concluded Joyce.
Aethlon also announced that Dr. Nathan Levin, Director of the Renal Research Institute (RRI) in New York City, has agreed to be Principal Investigator of the studies. The RRI is a joint venture between Fresenius Medical Care, the global leader in the dialysis industry, and Beth Israel Medical Center. Pending internal review board approval, the proposed study is to occur at Beth Israel Medical Center, also based in New York City. "We are very pleased to have Dr. Levin serve as our principal investigator," stated Dr. Hal Handley, President of Aethlon Medical. "Dr. Levin is a world-renowned authority in renal care and a recognized thought leader in advancing new technologies for the betterment of medical care in the United States and abroad," concluded Handley.
Additional studies to demonstrate the utility of the Hemopurifier® as a countermeasure against category "A" bioterror threats have been initiated with researchers at the CDC, The United States Army Medical Research Institute of Infectious Diseases (USAMRIID), and the Southwest Foundation for Biomedical Research (SFBR).
About Aethlon Medical
Aethlon Medical has developed a first-in-class medical device to treat infectious disease. The device, known as the Hemopurifier®, is a broad-spectrum treatment countermeasure against drug- and vaccine-resistant bioweapons, naturally evolving pandemic threats, and chronic infectious disease targets including Hepatitis-C (HCV) and the Human Immunodeficiency Virus (HIV). Global researcher Frost & Sullivan awarded Aethlon the 2006 Technology Innovation Award for its advances in the field of biodefense. The company has also initiated research on a second-generation Hemopurifier® that targets the capture of growth factors inherent in the spread of Cancer. More information on Aethlon Medical and the HemopurifierTM technology can be found at www.aethlonmedical.com.
Certain of the statements herein may be forward looking and involve risks and uncertainties. Such forward-looking statements involve assumptions, known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Aethlon Medical, Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Such potential risks and uncertainties include, without limitation, the Company’s ability to raise capital when needed, the Company’s ability to complete the development of its planned products, the ability of the Company to obtain FDA and other regulatory approvals permitting the sale of its products, the Company’s ability to manufacture its products and provide its services, the impact of government regulations, patent protection on the Company’s proprietary technology, product liability exposure, uncertainty of market acceptance, competition, technological change, and other risk factors. In such instances, actual results could differ materially as a result of a variety of factors, including the risks associated with the effect of changing economic conditions and other risk factors detailed in the Company’s Securities and Exchange Commission filings.
Aethlon Medical, Inc. Jeff Richardson, Senior Director, Communications 858-459-7800 x302 jrichardson*aethlonmedical.com or Dylan Hundley, Senior Director, Investor Relations 646-435-4069 dhundley*aethlonmedical.com
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Reliant Aims to Become a Significant Player in the Canadian Sub-Prime Mortgage Market Utilizing Mortgage Job Loss Protection TORONTO, March 5 /CNW/ - Reliant Home Warranty Corporation (OTCBB:RHWC) Boyd Soussana, President & CEO announced today Reliant's Canadian subsidiary, Reliant Home Mortgage Canada Inc., long-term goal to become a significant player in the Canadian Sub-Prime Mortgage Market. The company plans on achieving success through leveraging partnerships and taking advantage of opportunities throughout the marketplace. Reliant recently announced it would begin accepting mortgage applications starting March 1, 2007.
One opportunity was recently reported in the February 19th, 2007 edition of the National Mortgage News in an article titled, "Canada: BoM Cuts Brokers, Startup Courts Them With 55-Year Am." The article highlighted Bank of Montreal's decision to cut up to 1,000 jobs and to move toward "direct-to-consumer" lending.
"We feel the decision by Bank of Montreal will help us greatly increase market share throughout Canada. The 55-Year Sub-Prime Amortization Product and Job-Loss Mortgage Protection is exactly the innovative solution the more than 1,000 brokers in our network have requested. In addition to this product we have created solutions such as automation to ease the loan process," noted Soussana.
Reliant has already started the process of originating mortgage applications from its Mortgage Partners, including one of Canada's largest Broker Networks.
Reliant was also the featured interview on the www.wallst.net on Friday, March 02 - where it was the most listened to and most rated interview of the day.
About Reliant Home Warranty Corporation
Reliant Home Warranty Corporation (www.relianthwc.com) offers the sub-prime residential mortgage market High-Ratio to value mortgages that includes self-employed consumers and those with difficult credit. With the above announcement and enhancement, Reliant will be able to serve all segments of the mortgage market from Alt A and sub-prime and will assist in retaining our over-all customer base.
This press release may contain 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 discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. For a summary of such risks and uncertainties, see the Company's periodic reports and other filings with the Securities and Exchange Commission.
Source: Canada NewsWire (March 5, 2007 - 8:31 AM EST)
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QMMG (.0079) Retains General Mining to Conduct Mining Operations at Pond Creek Mine Mar 6, 2007 8:00:00 AM Copyright Business Wire 2007
PATERSON, N.J.--(BUSINESS WIRE)--
Quest Minerals & Mining Corp. (OTCBB: QMMG; Frankfurt: QMN.F), a Kentucky based operator of energy and mineral related properties, today announced that it has retained General Mining, LLC, of Wallins, Kentucky, to conduct mining operations at the company's Pond Creek Mine at Slater's Branch, Kentucky.
Rodney A. Robinson, President of General Mining, stated, "We are pleased to have this opportunity to partner with Quest and to bring this mine back into full production. My partners and I have over sixty years of mining experience and find this project one of our most exciting. With millions of tons to be mined at Pond Creek and the Lower Cedar Grove above, we look forward to many years of working with Quest on this project."
Eugene Chiaramonte, Jr., President of Quest, stated, "We are very excited that General Mining has agreed to conduct mining operations at the Pond Creek Mine. General Mining has significant experience in the coal mining industry and has an excellent reputation for providing quality work. We are looking forward to having General Mining as part of our team and we look forward to a prosperous relationship."
General Mining has begun delivering equipment and supplies to the Pond Creek mine. Quest and General Mining are in the process of obtaining all required regulatory approvals and permits in order to recommence mining operations with General Mining as the contract miner. At this time, the U.S. Mine Safety and Health Administration has approved the company's mine plans and are in the process of conducting a mine reopening inspection. Once all regulatory approvals and permits are obtained and the rehabilitation of the mine is completed, General Mining will commence mining operations.
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
Source: Quest Minerals & Mining Corp.
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Quest Minerals & Mining Corp. Eugene Chiaramonte Jr. 973-684-0035
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SCYF (.09)Completes 100-Day Plan; Secures More Than $15 Million in Future Revenues Opportunities
Business Wire "US Press Releases "
HOUSTON--(BUSINESS WIRE)--
Security Financing Services, Inc. (OTC Pink Sheets: SCYF), a provider of sophisticated, IP and physical security convergence solutions, announced the completion of its post-merger 100-day operations plan. Don Bresina, Chairman of SCYF stated in his address to stakeholders, "We are proud of the achievements of the SCYF management team in its first 100 days. Motivated with a clear vision for what we want this company to be, together with advantaged knowledge, skills and strategic direction, SCYF has established a firm foothold in its market and has positioned itself for a bright, profitable future."
Since mid-November, SCYF has achieved remarkable and tangible results. Chief among these results are the following:
-- After completing its acquisition of Wavescribe International, Inc. in October, the company successfully recruited Mike Hardy, a world-class, industry-recognized CEO; and executed an agreement to purchase 3,000 alarm monitoring accounts, expected to generate more than $4.5 million in future revenue.
-- In December, SCYF entered into a teaming agreement with some major names in energy, consumer electronics and homebuilding to pilot a program aimed at security, energy management and home automation. Our new channel partner Alarm.com is our most recent addition to this exciting initiative.
-- In January, we were award a prestigious multi-year contract with the City of Atlanta Housing Authority to remotely monitor video surveillance networks covering more than 1,500 housing units owned by the Authority. This agreement came on the heels of a more than $2 million installation and services agreement with the Authority. SCYF video surveillance networks were instrumental in the capture and arrest of several burglary and homicide suspects throughout the southeast, prompting Baron Caulfield, the executive director of the Water Valley, Mississippi Housing Authority, to write, "The (SCYF) cameras that are up are already having an effect and they are not yet even turned on."
-- February has been SCYF's busiest month, recruiting a top origination and advisory team; executing a letter of intent to acquire Nsite, LLC, a provider of lessons learned technology to the Department of Defense and associated agencies; execution of a multi-year agreement to supply $10 million of equipment, financing and design services to the Alliance for Security in Education; and completion of the alarm account purchase, previously announced in November.
Bresina continued, "The Company is hitting its stride. We have a world-class leader in Mike Hardy. His team has secured a stable flow of high margin recurring alarm monitoring revenue, established a platform for delivering digital surveillance solutions, has developed a proprietary source of origination, and has executed a lucrative, synergistic, accretive acquisition."
Security Financing Services, Inc. is a cutting-edge technology company focused on end-to-end network solutions for customers. Solutions range from the smallest homeowner to the largest government or commercial enterprise. In addition to providing financing services to alarm dealers and integrators, SCYF also operates and manages a portfolio of alarm monitoring accounts throughout Texas and the Southeast. SCYF designs, installs and monitors digital video surveillance networks for government, industrial and commercial application.
Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Source: Security Financing Services, Inc.
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HLUN (.10) Research and Development Center Singapore to Advance Adult Stem Cell Applications and Therapies
Market Wire "US Press Releases "
COVINA, CA -- (MARKET WIRE) -- 03/06/07 -- Healtheuniverse, Inc. (PINKSHEETS: HLUN), a biotechnology development firm engaged in research, development and commercialization of regenerative medicine therapies utilizing non-embryonic adult stem cells, announced today that it is completing its infrastructure development in Singapore for its adult stem cell research and development center. The wholly owned subsidiary, Healtheuniverse Ptd Ltd., will collaborate with other research and development facilities in Asia in preparation for clinical trials. Expansion of pre-clinical and clinical capabilities in Singapore is a cornerstone in the Company's development of the first commercial stem cell therapy in the $15 billion worldwide plastic, reconstructive and cosmetic surgery market.
Healtheuniverse Pte Ltd., under the direction of the Company's Chief Executive Officer and Plastic and Reconstructive Surgeon Dr. Vipul Dev M.D., is developing the adult stem cell R & D center with an alliance and support from the Economic Development Board of Singapore (EDB). The Economic Development Board (EDB) is Singapore's lead agency responsible for planning and executing strategies to sustain Singapore's position as a compelling global hub for business and investment.
About HEALTHeUNIVERSE Inc.
HEALTHeUNIVERSE Inc. is engaged in research, development and commercialization of regenerative medicine therapies utilizing non-embryonic adult stem cells for use in plastic and reconstructive surgery, orthopedic surgery, vascular surgery, cardiac surgery, and wound care. Healtheuniverse strives to be the first to commercialize the use of regenerative medicine in plastic and reconstructive surgery and to develop therapeutic uses in disease related commercial applications. More information on Healtheuniverse is available online at http://healtheuniverse.com.
Safe Harbor Statement
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 Healtheuniverse Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
For more information, please contact: Healtheuniverse, Inc. Investor Relations 800-719-7424 Email Contact
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CCMI (.016) Signs an Exclusive Licensing Agreement for Malaria Cure Recognized by the World Health Organization
Market Wire "US Press Releases "
HOUSTON, TX -- (MARKET WIRE) -- 03/06/07 -- Complete Care Medical, Inc. (PINKSHEETS: CCMI) finalized an exclusive licensing agreement for the only known cure for Malaria recognized by the World Health Organization. Under the agreement CCMI has the rights to Intellectual Property, Packaging, Marketing and Distribution of this cure.
"We are very pleased with this recent development. This product benefits people worldwide. We are a patient first company and are always looking for products that will make a difference in the community. We have big plans for this product and expect it to be a significant part of our global strategy and revenue," said J.P. Monteverde III, President and CEO of Complete Care Medical, Inc.
Malaria is a serious and sometimes fatal disease caused by a parasite. Patients with malaria typically are very sick with high fevers, shaking chills, and flu-like illness. Forty-one percent of the world's population live in areas where malaria is transmitted (e.g., parts of Africa, Asia, the Middle East, Central and South America, Hispaniola, and Oceania). Although malaria can be a fatal disease, illness and death from malaria are largely preventable and malaria can be cured with the right treatment. The disease should be treated early in its course, before it becomes severe and poses a risk to the patient's life. In endemic areas, the World Health Organization recommends that treatment be started within 24 hours after the first symptoms appear.
Complete Care Medical, Inc. is goal oriented to provide cost effective and convenient direct-to-consumer medical products and services that maximize revenue opportunities for its partners and shareholders. The company's focus is disease specific medical supplies, pharmaceuticals and nutrition.
About Complete Care Medical, Inc.
Complete Care Medical, Inc. provides patients in all 50 states with lower cost alternatives for disease management, medical supplies and prescription pharmaceuticals. In addition, Complete Care Medical's discount services and medication program offer healthcare payers, healthcare providers, healthcare professionals and patients easy access to utilization and compliance data in order to improve patient outcomes and quality of life. Website: www.ccmedicalinc.com
Forward-Looking Statements: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties.
All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
Contact: Martin McIntyre Market Ideas, Inc. Telephone: 877.295.3981 ext. 2 Email: marketideas**********
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DCBI (.2995) Launches 1st Phase of 100 Million Ticket Promotion
Market Wire "US Press Releases "
DENVER, CO -- (MARKET WIRE) -- 03/06/07 -- Today, DC Brands International (PINKSHEETS: DCBI) announced they have started the 1st phase of their planned "One Hundred Million Promotion Ticket Giveaway" program. The company's President/CEO Richard Pearce said, "We are realists. We know we have a fantastic product with the best-looking package and a price point that just screams, 'try me.' But we also understand what is kicking the doors open is our dynamic promotion. As the crux of our roll out for Turn Left Energy, we are committed to the distribution of as many as 100,000,000 (one hundred million) tickets through our participating retailers by year's end. Since the program started being presented last month, we have commitments for the first one million here in Denver that will be distributed and gone by the end of April. We will receive the first million on Thursday of this week and they will start hitting stores next Monday. It is mind boggling when you think that we will go through one million in only a month just here in Denver. We also have a tremendous amount of really hot looking new POP materials that will be deployed to support, explain and advertise the promotion. Additionally, a few new distributors that are out on the streets meeting with retailers in their area are reporting the same responses we have been seeing here in Denver. By mid-summer, we believe as many as 20,000,000 tickets a month will be distributed to customers through our expanding retail partners. Customers can win points to apply to all types of cool shirts, hats, sweatpants, drinks, coolers, etc. More importantly, we plan to be giving away some 100 tickets and trips to NASCAR races throughout the season. This will start with the next drawing for NASCAR's Aaron's 499 on April 29, 2007. Multiple winners will be chosen for each race and that pace will continue to increase. No doubt it is a monstrous campaign, and we believe it will take us to great heights."
For more information on the company, visit their web site at www.TurnLeftEnergy.com and DickensEnergyCider.com.
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.
Primary Contact: Keith Howard 303-279-3800
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WHKA (.0085) Nexus Capital Holdings, LLC Informs The World Hockey Association It Is Not a Party to Any Litigation Against the WHA in Nevada or Anywhere Else
Market Wire "US Press Releases "
VANCOUVER, BC -- (MARKET WIRE) -- 03/06/07 -- World Hockey Association (PINKSHEETS: WHKA) announced today that it has been advised by Nexus Capital Holdings, LLC, a Texas Company, that Nexus is not a party to any litigation against the WHA.
On February 16, 2007, Global Developments, Inc. a publicly traded Delaware Corp and Nexus Asset Holdings LLC, a Texas limited liability company filed a lawsuit in a Nevada US District Court against the WHA claiming the WHA had violated a loan agreement with the two parties.
Soon thereafter, on February 20, 2007, the WHA issued a press release surmising the lawsuit was a response to the WHA's earlier claims it would be filing a suit against Global Developments, Inc. as being the responsible party for illegal spam on WHKA stock. WHA CEO Ricky Smith also stated at the time that the WHA had never been party to any agreements with either of the companies which had filed the suit and speculated the lawsuit "might be a maneuver with some unknown intentions in mind."
Two days later, on February 22, 2007, another document was filed with the US District Court in Nevada certifying that Nexus Capital Holdings, LLC and Global Developments Inc. were the only parties known to have an interest in the case.
CEO Ricky Smith commented, "We thought it was very strange that the parties to the lawsuit suddenly changed just two days after we denied any agreements existed with the parties that had originally filed the Nevada suit. To our bewilderment, one day we were being sued by Nexus Asset Holdings, LLC and just a few days later a document for the same suit claimed it was Nexus Capital Holdings, LLC who was suing us. We then contacted the owners of the Texas Company listed as the certified party to the suit, Nexus Capital Holdings, LLC, out of Texas and attempted to get an explanation for this bizarre occurrence. Nexus Capital Holdings, LLC has informed us in no uncertain terms that they have never been a party to any lawsuit against the WHA and do not have any knowledge that such a lawsuit exists. Nexus Capital has promised us they would issue news verifying this very shortly."
Smith went on to add, "We cannot imagine any other reason for this very odd musical chairs series of events than that the lawsuit is nothing more than part of a stock manipulation scheme conducted on behalf of Global Developments, Inc. -- a company with which we have never had any agreements whatsoever, but who nevertheless insisted on listing WHKA stock as a portfolio asset of Global Developments, until recently.
"Our company's stock is trading with a market capitalization of just a little over one million dollars This is patently absurd given the fact that we have made great strides in getting our new hockey league through its first season and are well underway with plans to expand our league more than twofold for next season. We think we know where the blame lies for this travesty and in the coming days, we feel shareholders should be pleasantly surprised at our response to this chicanery," Smith asserted.
"The WHA remains more committed than ever to provide a first class hockey league to young players and hockey fans in Western Canada and the Northwestern United States," Smith articulated. "Players, fans, and most importantly, our shareholders should keep their eyes peeled for further announcements with respect to these issues," Smith said.
Smith went on to say, "The WHA continues to compile a mountain of evidence to be used in our own lawsuit which will address the illegal spam issue as well as suspected and evidenced activities regarding the issuance of illegal and unauthorized shares into the market for WHKA stock. This is much more than a fight on the ice," Smith emphasized. "We are going to see to it that the guilty parties be held fully responsible and be held liable for the enormous damages incurred by the league as a result of their actions."
About the World Hockey Association:
The WHA created the WHA Junior West Hockey League to promote the sport of hockey. The Junior West Hockey League is an alternative, community-based league for highly skilled junior players, and is designed to promote high standards of sportsmanship in hockey.
As a listed company on the Over-The-Counter Pink Sheets our mission is to provide a financially sound economic model that is responsible to WHA investors, coaches and staff, and the junior hockey players participating on each team. Fan satisfaction is a primary consideration in our decision making process.
Forward-Looking Statements
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices and other factors discussed in the company's various filings with the Securities and Exchange Commission.
CONTACT: V. Ackland 416-996-1789
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JLNY (.05) Signs a Membership Agreement With Leading Software Developer Hewlett Packard
Market Wire "US Press Releases "
NORTH YORKSHIRE, UK -- (MARKET WIRE) -- 03/06/07 -- Propalms USA, Inc. (PINKSHEETS: JLNY) is pleased to announce the Company has signed a membership agreement with Hewlett Packard to join the Developer and Solution Partner Program. This membership is a worldwide program for independent software vendors, developers, system integrators, and consultants.
The Hewlett Packard Developer and Solution Partner Program offers members aggressive equipment discounts, technical assistance, program support centers, remote and on-site access to systems for porting, testing, optimizing and debugging applications, education & training discounts, advertising discounts, technical white papers & porting guides, and more. The agreement will provide sales, marketing, and technical resources that will enable Propalms USA, Inc. to develop, demonstrate, and deploy the TSE software using Hewlett Packard's industry-leading technologies.
"We are delighted about our new relationship with Hewlett Packard. It is an important step for our Company to create new alliances with recognized integrators around the world," stated Owen Dukes, CEO of Propalms USA, Inc.
About Propalms USA, Inc.:
Propalms USA, Inc. is a leading global provider of application delivery solutions for the server based computing market. The Company develops and sells, via its worldwide reseller channel, the award-winning solution, Propalms TSE. Propalms TSE (formally Tarantella) is a complete Server Based Management solution that extends Microsoft Terminal Services 2000/2003, offering features such as Application Publishing to Users, Groups, and OUs, Seamless Windows, Resource based Load balancing, Web based management console, Session management, Server Health Monitoring, Reporting, Single Port Relay, Universal Print Driver, Application Access via Desktop shortcut, Windows Start Menu or Browser-based via Application LaunchPad. Propalms' vision is to focus on its award-winning TSE software, and continue to develop innovative products for the server based global market, from the SMB to the large enterprise.
Statements contained in this news release, other than those identifying historical facts, constitute 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.
Contact: For more information, please visit: http://www.propalms.com or Call Investor Relations + 1-866-THE-APPL(E)
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UPDA (.108) Subsidiary Acquires Interests of Minority Partners - Consolidates Ownership of Catlin Field
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
Catlin Oil and Gas, Inc., a subsidiary of Universal Property Development and Acquisition Corporation (OTCBB:UPDA)(FWB:UP1)(BCN:UP1)(GER:UP1)(MUN:UP1)(STU:UP1), has initiated a strategy to consolidate ownership of its Catlin Oil and Gas Field in Jack County, Texas with the acquisition of 21 outstanding working interests in the field.
Working interest is an interest in an oil and gas leasehold which is subject to the payment of the expenses of development, operation and maintenance of a well. The holder of a working interest is also entitled to a percentage of the revenue generated from a well.
In Jack County, Catlin Oil and Gas has acquired outstanding working interests in various leases ranging from as little as 2.66 percent to as much as 50 percent. As a result of these acquisitions, Catlin will streamline operations as it continues to make improvements in the field and will substantially increase its revenue interest in the production from the wells.
"Because of the amount of money UPDA has spent improving this field, Catlin was able to acquire the working interests for what must be described as a nominal sum," reports UPDA Vice President Chris McCauley. UPDA is now in a position to realize all the benefit of its efforts and to continue the workover of the field unimpeded by the constraints of minor partners. These efforts will increase our operational efficiencies in many ways."
About UPDA
Universal Property Development and Acquisition Corporation (OTC BB: UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Source: Universal Property Development and Acquisition Corporation
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CYBD (.14) Updates on Its Agreements to Acquire Two Competitive Local Exchange Carriers for $1.3 Million
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 03/06/07 -- Cyber Digital, Inc. (OTCBB: CYBD), a leading designer and software developer of advanced digital voice and broadband data switches, announced today that the closing date of its previously executed definitive purchase agreements to acquire two Competitive Local Exchange Carriers (CLECs), namely New Rochelle Telephone Corp. and Telecarrier Services, Inc. has been set on or before April 12, 2007. Both CLECs are being acquired on cashless basis through assumption of certain debt for $1.3 million. As a baseline, these transactions immediately add $7.4 million in recurring revenues and $800,000 to Cyber Digital's earnings.
Cyber Digital has the potential of being a gold mine by creating an alternative to the Bells' 'Last Mile' voice and broadband local switching network. To-date, the Bells control almost all of the 'Last Mile' local switching network that connects subscribers, whether residential or business. Moreover, Federal Communications Commission (FCC) deregulated telecommunications industry in March 2006 by disallowing CLECs to lease 'Last Mile' voice and data local switching networks from the Bells at FCC set cut-rate prices -- further exacerbating the economic viability of CLECs. As the Ex-Chairman of FCC, Michael Powell said, "Build networks or get bought out." This paradigm shift allows Cyber Digital to aggressively pursue acquisitions of accretive CLECs. Migration of the acquired customers to its 'Last Mile' aggregated VoIP and IP broadband network further leads to improved profitability over 250%.
"We are in a very exciting time of development of our company. Our strategy is to grow through acquisitions as it provides for large-scale expansion and rapid deployment of our networks with minimal cost of customer acquisition. We are not complacent with just these two acquisitions. We are doing our due diligence on a few other profitable non-facilities based CLECs for potential acquisitions," stated J.C. Chatpar, president and CEO.
About Cyber Digital, Inc.
Cyber Digital, Inc. is a leading designer and software developer of advanced distributed digital voice switches and high-performance Internet Protocol (IP) broadband systems, such as softswitches, routers, gateways, firewalls and servers for network operators worldwide. For more information, visit www.cyberdigitalinc.com
This press release contains forward-looking statements, pursuant to the "safe harbor" provisions as fully described in Cyber's SEC filings.
Contact:
Cyber Digital, Inc. Investor Relations 214-461-3429
Please send your request to vduhon*mercantileascendency.com to receive updates by email.
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TSSP (.0009) Announces Entering into $1,250,000 Letter of Intent with Nova Design + Builds Tuesday March 6, 9:00 am ET
FAIRHAVEN, Calif.--(BUSINESS WIRE)--TrendSetter Solar Products (Pink Sheets:TSSP - News) announces today that it has signed a Letter of Intent to supply $1,250,000 of solar thermal hot water systems to Nova Design + Builds for their seventy-five home Apple Ranch project over the next sixty months. TrendSetter® Solar Products, Inc. provided HERS certification, consulting and design services that resulted in the project being registered as an Energy Star® development. This service will entitle NOVA Design to the maximum Federal tax credits and state and utility rebates.
Trendsetter® CEO, Dirk Atkinson stated, "The Letter of Intent with NOVA Designs represents the first and single largest commitment for more than a million dollars in future sales received by our company to date. Trendsetter® is beginning to see the results of a year long marketing strategy and efforts."
Trendsetter® CTO, Norm Ehrlich stated, "The NOVA Design million dollar homes, with incredible views, are being built in the foothills of the Sierras as a retirement and vacation community for the San Francisco Bay Area population. The homes will be exemplary in their energy efficient design. The Nova Design team has paid close attention to the architectural elements as they introduced cutting edge energy saving equipment. These steel framed super-insulated homes will be heated by Trendsetter® solar hot water and radiant floor heating equipment along with PV and other renewable energy components."
About TrendSetter Solar Products
TrendSetter Solar Products, Inc. is a quality manufacturer of solar hot water heating and storage systems in the United States. TrendSetter's solar hot water systems and storage tanks are uniquely positioned to serve the residential and commercial market. The Company offers a comprehensive range of solar water heating solutions, including solar radiant floor heating options, which are rated and qualify for the new federal energy tax credit program. A standard residential hot water heater emits approximately one and a half tons of carbon dioxide and carbon monoxide into the atmosphere. TrendSetter's solar hot water heating and storage systems are emissions free. As global warming and alternate and renewable energies become more of a concern, TrendSetter's products are one of the answers. Additional information can be seen at the Company's website www.trendsetterindustries.com.
Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Contact:
Trendsetter Solar Products, Inc. Dirk Atkinson, CEO, 707-444-9277 dirkatkinson*comcast.net
Source: TrendSetter Solar Products, Inc.
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WTVI (.0175) Interviewing Nominated Advisors and Partners for Potential Listing and IPO on London/AIM Exchange
Market Wire "US Press Releases "
NEWPORT BEACH, CA -- (MARKET WIRE) -- 03/06/07 -- On February 21, 2007, Wi-Fi TV Inc. (PINKSHEETS: WTVI), creator of the Social Internet TV platform www.Wi-FiTV.com, announced it was seeking partners and a nominated adviser for a potential IPO and listing on the London/AIM Exchange.
Today, Wi-Fi TV announced that it has received several indications of interest from nominated advisors and potential partners and is now in discussions in the United States and England determining who to retain to move forward with plans for a potential IPO on the London/AIM Exchange.
"The huge valuations of YouTube, purchased by Google for $1.6 billion, and MySpace, purchased by Rupert Murdoch's Fox for several hundred million dollars, and the recent successful London/AIM IPO of Jump TV, have created a hot and growing market for the kind of live TV, user video and social networking site that we have created with Wi-Fi TV. The relatively undiscovered nature of Wi-Fi TV, and its proven potential based on the global response to the very small marketing campaign undertaken so far, have whetted the appetite of potential partners to take Wi-Fi TV to the next step with a potential IPO and listing on the London/AIM Exchange and/or other global exchanges," stated Wi-Fi TV Inc. founder and Chairman Alex Kanakaris.
"We believe that the added financial resources that would result to Wi-Fi TV from any IPO, and the added following that any listing on London/AIM and/or other foreign exchanges would bring, would be of tremendous benefit to all our shareholders.
"We will be selecting and announcing our team for the potential IPO and listing on the London/AIM Exchange within thirty days. There can never be any assurance that either an IPO or listing on London/AIM will occur, but we are surprised and delighted by the high level of response and that we will be able to assemble a world class team to lead our global finance and investor efforts," added Mr. Kanakaris.
"Wi-Fi TV seeks to increase shareholder value through the mass marketing of our new website and through an improved capital structure. We have been following the growth and developments on the London/AIM Exchange for several years," Mr. Kanakaris stated in February when initially announcing that Wi-Fi TV Inc. was exploring opportunities in England.
It has not yet been determined whether a London/AIM Exchange listing would represent the same Wi-Fi TV Inc. stock currently traded in the U.S., a new class of Wi-Fi TV Inc. stock, or the stock of a Wi-Fi TV Inc. subsidiary. However, any such listing would be structured to create potential benefit and value for all Wi-Fi TV Inc. shareholders.
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 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.
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AXGJ (.0005) Completes Two Milestone Projects in Sri Lanka
PR Newswire "US Press Releases "
SAN DIEGO, March 6 /PRNewswire-FirstCall/ -- Axia Group, Inc. (OTC: AXGJ), today announced that it has successfully completed two projects in Sri Lanka. A two story apartment building has been finished to the satisfaction of the Sri Lankan government agency, REEL, which sponsored the building; and the first telecom shelters were completed in less than five days for the telecom infrastructure company, Sierra Global Network (Pvt) Ltd . Pictures of the finished structures can be viewed on the company web site www.axiagroup.info.
Stated Mr. Jeffrey Flannery, CEO of Axia Group, Inc., "I am extremely proud of our team in Sri Lanka. They have completed these two projects on time and demonstrated how superior our technology can be. Adoption of a new technology can be a long and time consuming process. We have crossed an important threshold in this process. I believe we have achieved new levels of trust and confidence not only in the structural qualities of the product, but our capabilities as engineers and builders. I know that these two projects will open doors to many new projects in the future."
More information on Axia Group, Inc. can be found on the company web site at www.axiagroup.info.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of AXGJ officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future AXGJ actions, which may be provided by management, are also forward-looking statements as defined by the Act. 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 materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and AXGJ has no specific intention to update these statements.
SOURCE Axia Group, Inc.
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BreakAway Investor Issues ''Buy'' Recommendation on NewMarket Technology, Inc. Due to Rapid Revenue and Profitability Growth
Tuesday March 6, 9:15 am ET
Investment Report Says ''Early Investors Could Reap 262% Returns'' Initial Target Price of Over $1.00 Share Expected in Near Future
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) announced today that The BreakAway Investor of the Taipan Financial Network (http://www.taipanfinancialnews.com) has issued a "Buy" recommendation on NewMarket Technology, Inc. Noting NewMarket's rapid growth in revenue and profitability, Andrew Mickey, the editor-in-chief of the BreakAway Investor financial advisory newsletter says that "early investors could reap 262% returns." ADVERTISEMENT
Mr. Mickey continued in his research report that NewMarket Technology anticipates "growth in 2007 with revenues of $120 million and it expects to reach $500 million in revenues by 2010. I realize these are some pretty big goals, but NewMarket has an excellent track record." He continued, "Right now, the company's stock price doesn't reflect the potential of this achievement. If the company is able to reach its $500 million goal, you're going to be holding an $8 stock. As discriminating investors, we need to look at the worst-case scenario. After all, what if NewMarket completely stumbles and only books $250 million in revenues in 2010? Well, we're looking at a stock in the $2 to $3 range. So even when looking at the worst-case scenario, the stock still has the realistic potential to generate 52% annualized returns."
In closing, the uncompensated independent research report recommends "Buy shares of NewMarket under 45 cents per share. It has become a key partner to customers throughout high growth regions including Latin America and China. Shares won't be hanging below a dollar for too much longer."
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ETIM (.0025) Expands Vatican Marketing Program to Include Company's Largest Direct Marketing Campaign to Date Direct Mail, Print Advertising, Website and PR Come Together to Reach Catholics Nationwide Mar 6, 2007 12:33:00 PM Copyright Business Wire 2007 FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--
Eternal Image, Inc. (OTC: ETIM.PK), a public company engaged in the design, manufacturing and marketing of brand image caskets and urns, today announced it is launching a direct marketing program designed to saturate the Catholic marketplace with information about its new line of Vatican Library Collection(TM) urns.
The direct mail program is directed at nearly 42,000 Catholic priests, parishes and diocese; as well as Catholic cemeteries, hospitals and nursing homes. It will begin mailing at the end of this month and reach the vast majority of U.S. outlet in these categories.
The direct mail piece is part of a coordinated launch program that includes print advertising in Catholic Digest Magazine and similar outlets. A public relations outreach program to Catholic media is resulting in interviews on radio programs and in print directed at these markets.
"Our goal is simple: if you are Catholic we want you to know about the Vatican Library Collection(TM) funerary products from Eternal Image," said Nick Popravsky, vice president of sales and marketing for EI. "The response to the line has been very strong, and we feel that as more core customers learn about it the volume can only continue to grow."
EI is currently seeking to expand its distribution overseas under its global licensing agreement. The agreement with Vatican Library Collection(TM) allows EI to market worldwide and the company is working to establish international distribution and expects to announce more details in the second quarter of this year.
In addition, EI's newly renovated website includes a complete section about the line. It can be found at www.eternalimage.net.
Proceeds of the sale of each urn (and, later this year, each casket) benefit the famed Vatican Library, a historical collection of more than two million printed works. Until very recently the special collection, established by Pope Nicholas in 1451 within the Vatican, was protected with such dedication that only a handful of scholars have had access. Today the collection, its artifacts spanning 2000 years, is becoming visible to a wider audience.
Eternal Image remains committed to growing its line of licensed-brand funeral products. For more information, visit http://www.eternalimage.net.
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," forecasts," potential," or "continue," or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Source: Eternal Image, Inc.
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RMDN (.006) Artist Roc Monee Bracing for Major Radio Push This Month to Increase Recent Upward Surge in Sales of Album "Diamond in the Rough" Mar 6, 2007 12:39:00 PM PHILADELPHIA, PA -- (MARKET WIRE) -- 03/06/07 -- RMD Entertainment Group (PINKSHEETS: RMDN) announced today that sales of Roc Monee's album "Diamond in the Rough" have increased both in digital format in online retailers such as iTunes and in traditional brick-and-mortar retail outlets such as FYE, Coconuts, and selected Best Buy Stores.
The reason for the increase in sales has been increased visibility for Roc Monee. Roc Monee is presently touring as the opening act for platinum recording artists the Ying Yang Twins. Now, RMDN, in association with the management at Bungalo Records and Universal Music Group, are rolling out a major radio campaign for Roc across the country that will significantly increase the radio spins for the artist and also offer opportunities for selective appearances in retail outlets and radio interviews along the route of the Ying Yang Twins Tour. RMDN, in association with co-producers Mecanismo Inc., will be capturing footage during the California dates. RMDN will make exclusive performance and backstage clips available on YouTube through the MOTV channel.
"Our persistence is starting to pay off and translate into opportunities for more sales," says Giorgio C. Costonis, CEO/President of RMDN and Massive G Media Corporation. "Rolling out a specific plan for all of the radio, retail, and point of sales on the tour was the key for us. I feel extremely confident the fans will embrace Roc's new single entitled 'I KNOW THEM' for two reasons. Firstly, fans have adopted that particular track as their own during his live performances. Secondly, we have a seasoned radio promotion team behind us because of Mr. Paul Ring at Bungalo Records (exclusively distributed by Universal Music Group), our North American Distributor. I am very excited about our prospects in the next couple of months and would like to thank all of Roc's fans who bought the album to this point.
"We look forward to bringing quality video segments of the tour with the Ying Yang Twins to our over 2,000,000 viewers on our YouTube channel for MOTV so his fans can see Roc Monee the man, not just the performer. Roc's music is catching fire and we will continue to support him through this album and his future recordings. He is a true soldier of hip-hop. Our goal is to use every multimedia platform available to let people know that. Within the next coming months you won't be able to escape Roc Monee or our company's presence. We are coming at you on television, Cell Phone and PDA Broadcast, Internet Broadcast, Online Sales, Ring-tone Sales, Traditional Brick-and-Mortar CD Sales, Text Message Sales, and any other viral experiments that can reliably deliver music and video content to our target demographic across the globe."
RMD Entertainment (RMDN) is a cutting-edge entertainment company that is primarily focused on the development and international marketing of hip-hop music, including compact discs, digital downloads, and personal ring tones for mobile phone customers, as well as other hip-hop lifestyle products. The Company has also created MOTV, the ability to stream video content to mobile devices, including cell phones and PDAs. The Company currently possesses an impressive hip-hop catalogue, which it distributes exclusively through Bungalo Records and Universal Music Group (a subsidiary of Vivendi Universal in North America and in Europe through the Pickwick Group Ltd. of London.)
Forward-looking statements in this news release relating to the Company's expectations regarding the Company's demand and pricing are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used herein, words such as "expect" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on assumptions made by and information available to the Company. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, without limitation, the future demand for, and sales volumes of, the Company's products, future production volumes, efficiencies and operating cots, increases or decreases in the prices of the Company's products, the Company's future stability and growth prospects, the Company's future profitability and capital needs, including capital expenditures, and the outlook for and other future developments in the Company's affairs or in the industries in which the Company participates and factors detailed from time to time in the Company's periodic reports filed with the United States Securities and Exchange Commission, and other regulatory authorities. The Company has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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DCBI (.32)Establishing Store Locator Online Mar 6, 2007 12:30:00 PM DENVER, CO -- (MARKET WIRE) -- 03/06/07 -- Today, DC Brands International (PINKSHEETS: DCBI) announced they have begun developing their online store locator to assist customers in finding retailers that are carrying their products. The company's President Richard Pearce said, "Although the website is intended to become national, the first phase will pertain to here in Denver. The Denver portion will be up in the month of March. We are working closely with our other distributors to assemble their accounts and this will be a constant work in progress. I expect regular weekly updates on an ongoing basis."
For more information on the company, visit their web site at www.TurnLeftEnergy.com and DickensEnergyCider.com.
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.
Primary Contact: Keith Howard 303-279-3800
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ATVR (.0075) Announces It Has Signed a Letter of Intent With Rapid Fitness, Inc., a Ladies Circuit Training Franchise Mar 6, 2007 12:42:00 PM FT. LAUDERDALE, FL -- (MARKET WIRE) -- 03/06/07 -- Amore TV, Inc. (PINKSHEETS: ATVR), a publicly traded company currently on the Over the Counter, announces it has signed a letter of intent with Rapid Fitness, Inc., a ladies circuit training franchise.
Once acquired Amore TV will focus on selling franchises around United States and Europe. Rapid owns and operates its flagship store in Hollywood, Florida.
Donna Yamin comments, "We are excited about the fitness center, we plan to utilize it as a working film location in the off hours. Rapid fitness is similar to Curves, but we have more to offer women who need to train and lose weight."
Anthony Mellone stated: "The franchise has already been changed to the Amore TV, Inc. name by their attorney as of March 1, 2007. Amore TV will Sign the agreement Tuesday next week and immediately move into sales and a second location."
Safe Harbor Provision
This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Global Web TV, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.
Contact: Anthony Mellone 954-625-2720 amellone*amoretv.net
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BZTG (.038) Releases "The BuzzoMeter" a Powerful Ecommerce Management and Control Application Mar 6, 2007 1:03:00 PM HOUSTON, TX and BEIJING and BANGKOK, THAILAND -- (MARKET WIRE) -- 03/06/07 -- Buzz Technologies, Inc. (PINKSHEETS: BZTG) has today released a powerful Enterprise Application for managing and controlling ecommerce The BuzzoMeter is our new online service to track hundreds of real-time statistics giving the Ecommerce operator a total view of not only site performance but also monitor in detail online advertising such as Google, Yahoo!, MSN, ASK, etc. Search companies earned about $4 billion in the U.S. last year from keyword-triggered text ads. www.buzzinternet.com.
Over the past year this Multi-billion dollar industry has been plagued with Click Fraud issues leaving the advertisers uncertain as to how much value they are getting for their advertising dollar. The BuzzoMeter can tell them exactly in real-time with the ability to alert the subscriber to any suspicious activity live. As well as tracking hundreds of other site statistics, marketing statistics and effectiveness statistics.
"With the billions of dollars being spent on internet advertising our new product The BuzzoMeter offers some insurance and peace of mind to advertisers and Ad Agencies," said Pol LT Col Panitan Santipet, CFO of Buzz Technologies Inc. We really believe our product is essential to all serious online advertisers he added; we expect this product alone to generate solid income for Buzz.
About Buzz: Buzz Technology is a diverse group of Telecommunications and Internet related products and services aimed at the new frontier of next generation technology from telephony, fixed line and VoIP, to state of the art Search Engines and the delivery of Information, News, Entertainment and Communications in new ways to new devices.
Established in Asia and expanded to the USA, Buzz will continue to expand where consumers desire reliable introducing VoIP, access to powerful, direct result search engines and technological business and home solutions based on next generation technology accomplished through in house development, licensing, acquisition, and strategic partnerships based on mutually beneficial business goals and compatibilities. Buzz is poised to take the leadership position in turnkey Internet solutions in the Asian consumer market place.
The foregoing press release contains forward-looking statements based on the Company's beliefs as well as assumptions made by and information currently available to the Company, including statements regarding the timing of the introduction of certain products. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties which are identified and described in the Company's registration statements and periodic reports on file with the SEC, some of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors including, among others, issues related to the travel and transportation industries, and prevailing economic conditions in general. In light of these risks and uncertainties, or should underlying assumptions prove incorrect, there can be no assurance that the forward-looking statements contained in this press release will in fact transpire or prove to be accurate.
Contact: Sutida Suwunnavid +667-6239-209 7*12buzz.com web site www.12buzz.com
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TGLE (.0003) Concerned About Erratic Trading Requests "NOBO" List to Reconcile Shareholder Positions Mar 6, 2007 2:02:00 PM MIAMI, FL -- (MARKET WIRE) -- 03/06/07 -- Titan Global Entertainment, Inc. (PINKSHEETS: TGLE) announced today that the Board of Directors are concerned over the erratic trading and what appears to be trading shorts that it has requested a NOBO list to reconcile the shareholders positions. Once reconciled, the company will be in a position to better determine the cause of such erratic trading patterns.
"We are working diligently to complete the company restructure and long term financing. In looking at the recent trading activities, it appears that some shareholders wish to not allow the stock to strengthen in value. We think that our stock is dramatically undervalued. We have been looking at the possibility for some time now that TGLE's stock has become a victim of entities who short stocks given the knowledge we are funding the company through a Reg D 504. Having negotiated the completion of the Reg D 504 with our investors, we can now turn our attention to reviewing the trading of the Company's stock. It is our belief that our shareholders see the long-term value of owning stock in the Company and wish the company to grow. If we identify any irregularities we will take whatever additional steps required to protect the Company's shareholders," said Jim Pugh, Chairman & CEO of Titan Global Entertainment, Inc.
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.
Press Contact: Titan Global Entertainment, Inc. 305.893.2007 Email Contact
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Real Estate Sales Exceed 150% Growth to Over $3,000,000 in February
Market Wire "US Press Releases "Tuesday, March 06 2007 10:00 AM, EST
ST. GEORGE, UT -- (MARKET WIRE) -- 03/06/07 -- Ideal Financial Solutions, Inc. www.idealfsi.com (PINKSHEETS: IFSL) announced today that Real Estate sales and pre-approved loan approvals climbed by over 150% to more than $3,000,000 in February 2007.
"Real estate sales and pre-approved loans continue to come in and construction has begun on the first few homes in Phase I of our Ashland Park development, with more to follow in the next few weeks," said Steven Sunyich, IFSL CEO. "We could not be more pleased with our sales results in the first two months of 2007 and hope to finalize our next few developments soon. With the official launch of our Credit to Wealth program still a few weeks away, we could not be happier with the results," said Sunyich.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
CONTACT: Ideal Financial Solutions Inc. Paul Currie ir*idealfsi.com 435-628-3201 ext. 307 www.idealfsi.com
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Mar 06, 2007 (WORLDWIDE COMPUTER PRODUCTS NEWS via COMTEX) -- VShield Software Corp (PINKSHEETS: VSHD), a design, marketing and software distribution company, announced on Monday (5 March) that it is upgrading its commercial banking software VSafe.
According to the company, the original software was designed to protect Core States Bank's 'High Net worth Investor Cafe', a new environment created by the bank for its top clients. The new upgrade is expected to allow financial institutions to create new and secure environments for their top clients, making 'private banking' truly private, flexible and available anywhere, at all times, the company claims. No pricing details were disclosed.
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DCBI (.19) NASCAR Belt Distributor Already Hot Mar 6, 2007 3:37:00 PM DENVER, CO -- (MARKET WIRE) -- 03/06/07 -- Today, DC Brands International (PINKSHEETS: DCBI) announced their recently signed distributor based outside Memphis, Tennessee, right in the heart of the NASCAR belt, has secured their first major local chain. The company's VP of Sales Richard Muscarella said, "That was quick. It did not take them long at all to set up a meeting and land a chain of some 72 stores under the Flash Market banner. They will be participating in our promotion, and I will personally be going up to Tennessee to meet with our distributor on the rollout scheduled for this week."
For more information on the company, visit their website at www.TurnLeftEnergy.com and DickensEnergyCider.com
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.
Primary Contact: Keith Howard 303-279-3800
-------------------- The difference between genius and stupidity is that genius has its limits
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