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RDVWF(.07) Launches World's First Commercial-Grade Open Source Internet Performance Testing Product into $1 Billion Market
WebLOAD, created by the co-founder of Mercury Interactive and backed by 1,600 commercial deployments and 250 engineering years, adopts GPL Apr 11, 2007 12:01:00 AM SAN RAMON, Calif., April 11 /PRNewswire-FirstCall/ -- RadView Software Ltd. (OTC Bulletin Board: RDVWF), today launched WebLOAD Open Source, the world's first commercial-grade open source Internet performance testing solution. RadView will now focus on products that are based on open source to offer customers a solid alternative to high-cost proprietary performance testing solutions that are often too difficult to implement and lack the flexibility to properly meet customer needs.
WebLOAD Open Source, licensed under the GNU Public License (GPL) version 2, is based on WebLOAD, the company's flagship product that is already deployed at 1,600 sites. Immediately available for free download and use, WebLOAD is a commercial-grade open source project with more than 250 engineering years of product development.
"Current proprietary solutions are too costly and too inflexible, prohibiting developers from tackling performance issues correctly," said Ilan Kinreich chief strategist of RadView and a co-founder of Mercury Interactive. "RadView's open source approach will foster innovation, expand the use of performance testing, provide the foundation for an open source testing ecosystem, and help to define testing standards. Ultimately, open source testing tools will be the key catalyst to improve the quality of Internet applications."
"RadView is embracing an open source approach for building, marketing and selling software," said Yochai Hacohen, RadView CEO. "The power of the open source ecosystem, will make WebLOAD a better product, reduce time to market and increase WebLOAD's reach, enabling WebLOAD to become the de facto standard for performance testing of Internet applications."
RadView supports and distributes WebLOAD under a commercial open source business model. WebLOAD Open Source is a fully functional, commercial-grade performance testing product that is and will always be freely available. Companies that require commercial support, additional productivity features and compatibility with third-party protocols have the option of purchasing WebLOAD Professional directly from RadView.
About RadView RadView Software Ltd. (OTC Bulletin Board: RDVWF), is a commercial open source company that develops, supports, and sells WebLOAD, the world's leading commercial-grade open source performance testing solution. Deployed at over 1,600 customers and built with 250 engineering years, WebLOAD improves the Internet experience for everyone by helping developers build high quality Internet applications. More information on WebLOAD Open Source is available at http://www.webload.org. Commercial customers seeking support, additional productivity features and compatibility with third-party protocols should visit http://www.radview.com or call 1-888-RADVIEW.
Media Contacts Page One PR for RadView William Peterson bill*pageonepr.com 508-393-8551 SOURCE RadView Software Ltd.
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HLUN (.09) Board of Directors Announces Compliance Initiatives
Market Wire "US Press Releases "
COVINA, CA -- (MARKET WIRE) -- 04/10/07 -- 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 compliance initiatives have been approved by the Board of Directors to strengthen its public market status. Initiatives include filing the Company's 15c211, quarterly and annual reviews and filings with independent accountants for years ended 2005 and 2006, preparation of registration statements necessary to become a fully reporting company with the Securities and Exchange Commission (SEC) and establishing corporate governance controls outlined by Sarbanes-Oxley legislation.
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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LWLL (.19) Enters Into Agreement to Supply Disinfectants for China Customs Valued at $1.2 Million
Market Wire "US Press Releases "
SHANGHAI, CHINA -- (MARKET WIRE) -- 04/10/07 -- Linkwell Corporation (OTCBB: LWLL), a leading developer, manufacturer and distributor of healthcare related disinfectants in China, today announced that its wholly owned subsidiary, Shanghai Likang Disinfectant, has recently signed an agreement with Shanghai Youlai Chemical Technology Company, Limited ("Shanghai Youlai") to manufacture disinfectant products specifically designed for use on containers inspected by China Customs through ports in Shanghai, China. The annual additional revenue from this one agreement for Shanghai Likang Disinfectant is estimated to be $1.2 million.
China Customs inspects tens of thousands of containers that are shipped in and out of China each month. China Customs is required by law to disinfect any containers that they inspect. Shanghai Branch of China customs charges shippers or manufacturers approximately $26 million per year in fees for container disinfecting.
Xuelian Bian, CEO and Chairman of Linkwell Corp., stated, "We are very pleased with this new agreement which further demonstrates our leading position in the disinfectant industries in China. The disinfectant program for containers is a highly specialized process, requiring facilities and capabilities that few other disinfectant companies in China possess. We estimate this agreement alone will bring $1.2 million in annual sales with significant renewal potential. As the shipping business through ports in Shanghai expands rapidly, we believe the usage of our disinfectants and technologies by China Customs has the potential to increase substantially."
About Linkwell Corporation
Linkwell Corporation (OTCBB: LWLL) develops, manufactures, and distributes disinfectant healthcare products in China through its wholly owned subsidiary Shanghai Likang Disinfectant High Tech Company. Linkwell's disinfectant healthcare products are a nationally recognized domestic Chinese brand in this market segment. Linkwell products include disinfectants in liquid, tablet, powder and aerosol form. Through Likang Disinfectant, Linkwell has a national marketing and sales presence throughout all 22 provinces, 5 autonomous regions, and 4 special municipalities of China. For more info about the company, please visit http://www.linkwell.us
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and, condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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LTDN (.048): Breaking News: Positive News Out of the Palm Beach Boat Show
Market Wire "US Press Releases "
MIAMI, FL -- (MARKET WIRE) -- 04/10/07 -- Latitude Industries (PINKSHEETS: LTDN), a manufacturer of high-quality Offshore Sports Fisherman and Center Console boats in Florida, announces today the outcome of the Palm Beach Boat Show.
It is a great and exciting moment for Latitude Powerboats as it rolls into boat show season starting with one of the major boat shows in the country like the Palm Beach Boat Show.
We had a big crowd with over a thousand spectators that visited our booth, giving us great exposure and generating dozens of potential leads; the compliments from the show display to the boats were overwhelming; we really made a deep impact at the Palm Beach Boat Show.
Carolina Hernandez, President and CEO of Latitude Powerboats, stated that she is extremely pleased with the response that the boats had in Palm Beach and believe that very soon she will be reporting some very positive developments as a result of the show. The next couple of weeks are crucial in turning leads and sea trials into sales. "Additionally, we plan on exhibiting at other major national and regional boats shows over the next six months to continue to promote our brand."
About Latitude Industries
Latitude Industries is a manufacturer of high-quality, technically superior offshore sport fishing boats. The company's boats fuse innovative design with advanced light-weight composite materials that resist rot and decay and retain buoyancy under all conditions. Hand-laid fiberglass hulls offer the best of old world craftsmanship and new world technology. In addition, the company enhances the safety of its boats by employing the latest lamination technology, creating a sturdy and durable hull that can handle the toughest sea conditions. Latitude Industries employs craftsmen with decades of industry experience at its headquarters in South Florida, the sport fishing capital of the world. For more information about Latitude Industries Inc. visit www.latitudepowerboats.com.
Forward-Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
Contact: Carolina Hernandez President and CEO Ph: 305-758-BOAT (2628)
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TRDQ(.0075) Provides Business Update on Growth Plans Apr 10, 2007 6:17:00 PM Copyright Business Wire 2007 MIAMI--(BUSINESS WIRE)--
Tradequest International, (OTCBB:TRDQ), doing business as IP1 Network, Corp., announced today that it completed its latest funding round last quarter, which to date has provided approximately $1.33 million, net of fees and closing costs.
With this additional capital, the addition of new senior executives, and the development of new business opportunities, the company is poised to continue its growth as a leader in Voice over Internet Protocol (VoIP) and a host of IP telephony solutions.
"One change is that we have chosen to work almost exclusively with large strategic partners with global reach. We also corrected some weaknesses in our network, created new relationships with multiple carriers to improve our international and domestic routes, paid new carrier deposits, and enhanced our internal systems," said IP1 Network's President and COO Frank Erbiti.
"We have gained significant momentum in a very short period of time and remain excited about signing on several new international partners. The moment has arrived to scale our enhanced IP service offerings and activate our extensive partner network throughout Latin America and the Caribbean. We have reached that point that every young company looks forward to - we are making the leap from the development stage to generating recurring revenue from operations," added Mr. Erbiti.
IP1 Network has succeeded in expanding its operations and marketing efforts throughout its target markets - namely Latin America - and has been securing international and domestic carrier service agreements across the Americas. The result: IP1 Network is now ready to introduce its full-service host of IP communications solutions through several key strategic partner networks in the region.
The Company reports that it is closer to securing permanent office space for its Miami-based headquarters. "Our new state-of-the-art office complex will be strategically located, with easy access to the Miami International Airport, major hotels, the Brickell financial district, and other important South Florida points of interest. It will easily accommodate our expanding operations, be very accessible and practical for our customers, and provide our employees with a safe, comfortable place to work," said Michael G. Wilson, IP1 Network's Vice President for Corporate Communications.
"This move not only provides easier travel scheduling for visiting partners and distributors, but also gives us a strong foothold for future growth in the heart of South Florida - the crossroads of business in the Americas," added Mr. Wilson.
"Being attentive to our clients' needs goes beyond communications service and support. We are interested in making things simple, maximizing efficiencies, and delivering a world-class service to our customer base. We look forward to sharing our progress in the coming months as we roll out our host of IP Communications services to underserved markets across the Americas," concluded Mr. Wilson.
About Tradequest International
Through its subsidiary IP1 Network Corp., formerly InComm Holdings Corp., Tradequest International, is an Enhanced Internet Services Provider that offers advanced Internet-based services and solutions, including Voice over Internet Protocol (VoIP) and other IP-based services, to business and residential end-users around the world, with a marketing concentration in Latin America through our network of strategic partners. We market and sell our IP solutions through an extensive network of established and well-connected strategic partners throughout the Americas. For further information please visit us at www.ip1network.com.
This document includes 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. All statements regarding Tradequest International or IP1 Network Corp., and their affiliates, including, without limitation, expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. Such forward-looking statements are inherently uncertain, and readers must recognize that actual results may differ materially from expectations or projections. Neither Tradequest International, nor IP1 Network Corp., undertakes any duty to update such forward-looking statements. Factors that may cause actual results to differ materially from those in the forward-looking statements include the ability to fund operations, actions of competitors, consumer acceptance of existing and new product offerings, and changes in general economic conditions. Many of these factors are outside of the control of Tradequest International and IP1 Network Corp.
Source: Tradequest International
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QCPC(.11) Samlex America Announces Results Evan Baergen, President of Quantex Capital Corporation (PINK SHEETS: QCPC), announced today the 2006 financial results of Samlex America, Quantex's 85% owned Canadian subsidiary.
"Our sales and our profitability continue to rise year after year," stated Evan Baergen. "Over all sales increased from C$5.7M to C$5.8M and while net income for the year decreased from C$311,706 to C$249,168, there were some large non-cash, non-operating items that should be taken into account. In the current year we valued stock options granted to the minority shareholder of Samlex America (in lieu of management fees) at C$150,000. This item alone would increase our net income to almost C$400,000."
"I am very pleased with the overall results. Samlex has managed to position itself well for the future through increases in sales staff while still being cost effective. I anticipate further increases to revenue to follow.
Gross margins for Samlex also increased from 34.2% to 35.8%, an increase of 1.6%. All financial results are from the financial statements for the year ended December 31, 2006 and are reviewed by the Company's independent auditors.
Samlex America has manufactured and distributed power supply products to more than 90 countries worldwide since 1991. Innovative product designs, strict quality control, and responsible after sales service provide customers with high quality power conversion products at extremely competitive prices. Samlex sells products such as communication power supplies, switching power supplies, pure sine-wave inverters, microprocessor battery chargers and much more.
Quantex Capital is a US based publicly traded firm (Pink Sheets: QCPC) which specializes in the acquisition of controlling interest in solid companies operating in the power conversion and supply industry, and providing long-term management and business growth solutions to its subsidiaries. Visit www.quantexcapital.com for more information. The company's largest holding is Samlex America, www.samlexamerica.com, a distributor of a variety of power conversion products.
This news release may contain forward-looking statements that are based on management's current expectations, which are subject to known and unknown uncertainties and risks. This could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Maxxcapp is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.
Podium Venture Group, Inc. Signs Letter of Intent to Acquire Corduroy Surf Company
Business Wire "US Press Releases "
PORTLAND, Maine--(BUSINESS WIRE)--
Podium Venture Group Inc. (PDVP), an apparel, media and publishing holding company in the lifestyle sports industry, has reached an agreement in terms in relation to majority acquisition of Corduroy Surf Co. - a surf lifestyle retailer with both storefront and online divisions in its pre-launch stage.
"The acquisition of Corduroy Surf Co. is moving along much more seamlessly than expected. We are already working very closely with current management to solidify key industry relationships, first retail storefront location, an aggressive promotional schedule, and post acquisition operations and budgeting. We intend to close near term - just in time for the prime retail season and surfing events schedule." - Jim McGinley, President & CEO, Podium Venture Group, Inc.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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KMCP (.035) KMA Capital to Reverse Stock 15 to 1
M2 "Press Wire "
M2 PressWIRE - April 11, 2007 - Stocks in the News: KMA Capital Partners, Inc. (OTC: KMCP), MasterCard Inc. (NYSE: MA), Charles Schwab Corp. (NASDAQ: SCHW), Merrill Lynch & Co. (NYSE: MER)
For Corporate or Company information in regards to ************, Inc., please visit: www.************inc.com or contact us at: info*************inc.com
To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to www.ceo-corner.com
KMA Capital Partners, Inc. (OTC: KMCP) announced that its Board of Directors voted to reverse its common stock 15-to-1 in order to firm up the stock for existing shareholders. "KMA Capital is continuing to grow thru the deployment of the Field Office and franchise programs, along with key transactions. This stock reverse is just another step in our overall strategic plan to increase shareholder value," stated Doug Calaway, CEO of KMA Capital Partners, Inc. The effects of the stock reverse will be reflected in the stock some time over the next few weeks after recapitalization documentation is recorded and updated with Pink Sheets. For more information on the rationale and effects of this action please go to http://www.kmacapital.com/stockreverse_041007.pdf.
On Tuesday, MasterCard Inc. (NYSE: MA) announced plans to allow the U.S. banks that once controlled the nation's second-largest credit card brand the option to unwind their stakes earlier than scheduled. MasterCard also said it plans to buy back $500 million of company stock in the second half of this year. The conversion plan proposed by MasterCard's board would swap 13.4 million Class B shares -- common stock held by the banks -- for the common Class A shares this year, and gradually phase conversion of in the rest. The credit card processor previously restricted U.S. banks such as JPMorgan Chase & Co. and Citigroup Inc. from selling their stakes until 2010
Online brokerage and financial services provider Charles Schwab Corp. (NASDAQ: SCHW) on Tuesday said in a regulatory filing that Chief Executive of its U.S. Trust Corp. Peter K. Scaturro resigned on Monday. Scaturro is expected to remain a non-executive officer through the closing of the sale of U.S. Trust Corp., its private wealth management unit, to Bank of America Corp., which is expected to close in the third quarter.
Hydie Sumner, the former Merrill Lynch & Co. (NYSE: MER) broker who won a sex-discrimination claim against the firm nearly three years ago, may soon find herself going back to her former job. In an order issued Monday, a three-person arbitration panel upheld a July 2004 decision that Merrill must give Sumner a job as a broker in Merrill's San Antonio branch and give her the chance to attend the management assessment program.
Tuesdays Close: Stocks edged higher Tuesday as investors refrained from major moves ahead of first-quarter earnings reports that began with Alcoa Inc.'s results after the closing bell. A modest increase in the Dow Jones industrials marked the eighth-straight win for the blue chip index, its longest such streak since 2003. Aluminum producer Alcoa reported a better-than-expected first-quarter profit, pleasing investors who bid the company's stock up in after-hours trading. Wall Street was looking for results from the Dow component to not only gauge the pace of earnings for the quarter but as a proxy for the health of the overall economy.
ABOUT ************, INC.:
This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or a solicitation to buy or sell securities. ************, Inc. has prepared all material herein based upon information believed to be reliable. The information contained herein is not guaranteed by ************, Inc. to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this release have not given an opinion or approved the statements made in this release.
************, Inc. is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. ************, Inc. affiliates, officers, directors and employees may also have bought, or may buy the shares discussed in this opinion and may profit in the event of a rise in value. ************, Inc. will not advise as to when it decides to sell and does not, and will not, offer any opinion as to when others should buy or sell; each investor must make that decision based on his or her judgment of the market. Please consult your broker before purchasing or selling any securities mentioned herein. ************, Inc. has been compensated 500,000 shares of KMCP stock from a third party of KMCP for services rendered. To view full disclaimers, please go to http://************inc.com/php/disclaimer.php (disclaimers).
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SARASOTA, FL -- (MARKET WIRE) -- 04/11/07 -- DNAPrint® Genomics, Inc. (OTCBB: DNAG) today announced that it will be filing a registration statement with the Securities and Exchange Commission to register 150,000,000 shares to be issued under an Investment Agreement with Dutchess Private Equities Fund, Ltd. ("Dutchess"). The Dutchess Agreement provides that, from time to time, DNAPrint may deliver a notice to Dutchess and Dutchess will purchase DNAPrint shares based upon the parameters of the agreement.
Currently, DNAPrint has effective a registration statement covering approximately 640,000,000 shares issuable under an existing Dutchess agreement that expires May 17, 2007. Shares can be issued under this agreement through May 17, 2007, but once the agreement has expired, none of those 640,000,000 registered shares can be issued. More details on the filing can be found under the Company's name at www.sec.gov.
"We are pleased to continue our relationship with Dutchess. We are in the process of obtaining additional funding for our research and development activities of our subsidiary, DNAPrint Pharmaceuticals, Inc., but we continue to use the Dutchess funding as well," stated DNAPrint® President and Chief Executive Officer, Richard Gabriel.
About DNAPrint® Genomics, Inc.
DNAPrint® Genomics, Inc. (www.dnaprint.com) is a developer of genomics-based products and services in two primary markets: biomedical and forensics. DNAPrint® Pharmaceuticals, Inc., a wholly owned subsidiary, develops diagnostic tests and theranostic products (drug/test combinations) using the Company's proprietary ancestry-informed genetic marker studies combined with proprietary computational modeling technology. Computational Biology and Pharmacogenomics services are also offered externally to biopharmaceutical companies. The Company's first theranostic product is PT-401, a "Super EPO" (erythropoietin) dimer protein drug for treatment of anemia in renal dialysis patients (with end stage renal disease). Preclinical and clinical development of all the Company's drug candidates will benefit from simulated pre-trials to design actual trials better and are targeted to patients with genetic profiles indicating their propensity to have the best clinical responses. DNAPrint is proud of its continued dedication to developing and supplying new technological advances in law enforcement and consumer ancestry heritage interests. Please refer to www.dnaprint.com for information on law enforcement and consumer applications which include DNAWitness(TM), RETINOME(TM), Ancestry ByDNA(TM) and EURO-DNA(TM). DNAWitness-Y and DNAWitness-Mito are two tests offered by the Company. The results from these tests may be used as identification tools when a DNA sample is deteriorated or compromised or other DNA testing fails to yield acceptable results.
Forward-Looking Statements
All statements in this press release that are not historical are forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, but not limited to, uncertainties relating to technologies, product development, manufacturing, market acceptance, cost and pricing of DNAPrint's products, dependence on collaborations and partners, regulatory approvals, competition, intellectual property of others, and patent protection and litigation. DNAPrint Genomics, Inc. expressly disclaims any obligation or undertaking, except as may be required by applicable law or regulation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in DNAPrint's expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements are based.
Company Contact: Richard Gabriel CEO and President 941-366-3400 or Ron Stabiner The Wall Street Group, Inc. 212-888-4848
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CHNW (.0007)Announces Plans to Launch Online Consumer Debt Settlement Service
PR Newswire "US Press Releases "
LAS VEGAS, NV, April 11 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation) (CHNW.PK) www.espritfinancialgroup.com has retained a New York based software development agency to build an Online Structured Debt Settlement Portal. The service will allow banks, financial institutions and other creditors to invite defaulted clients to negotiate a settlement online, in a neutral and non-confrontational manner. This will bypass traditional collection calls and mail delivered notices of default.
CEO Garr Winters explains; "Current collection procedures don't work particularly well. They usually require telephone contact with collection officers that are very stressful to clients, who typically practice avoidance rather than resolution. Clients find these conversations very threatening and are often is not in a position to pay off the debt."
Winters added; "Our new service portal will allow creditors to invite their clients to visit the Cash Now Structured Debt Settlement website. Once there, customers will be able to make proposals and negotiate a settlement with creditors in a non-confrontational environment. All information between the parties will be protected by a heavily encrypted Trust Vault, patterned after the Company's proprietary Trust Vault developed for its Payday Loan division."
The original Trust Vault deployed by the Cash Now Payday loan division was programmed to allow borrowers to apply for loans in a secured environment, and allow lenders to review various loan applications and approve or deny specific loan requests.
The planned portal will use the same logic and functionality, but turn things around a little. Lenders will invite defaulted debtors to review and consider settlement proposals. Importantly, the service will be free to the borrowers. A percentage of the total settlement amount will be charged back to the creditor as a fee for the service. Importantly, this should result in significant savings to creditors versus current labor-intensive collection procedures. The settlement process will be largely automated, and creditors will be able to establish rule-based decision processes in evaluating settlement amounts. The company plans on offering the service free to both the creditor and the debtor and only charge a fee or a percentage of the debt recovered on a sliding scale basis, with the fee charged to the credit grantor only. The company estimates that this product may generate as much as several million dollars in revenue as a separate division alone.
Winters noted; "Much of the heavy lifting in terms of programming has already been done. We will be able to modify the Trust Vault concept without having to reinvent the wheel. We think the timing for this product couldn't be better. Americans have taken on a lot of debt in recent years, buoyed by increasing real estate values. It is inevitable that this will translate to a credit crunch for many."
Significantly, USA Today recently reported; The savings rate for 2006 was a negative 1%, meaning that not only did people spend everything they earned but they also dipped into savings or increased borrowing to finance purchases. The 2006 figure was lower than a negative 0.4% in 2005 and was the poorest showing since a negative 1.5% savings rate in 1933 during the Depression. The savings rate has been negative for an entire year only four times - in 2005 and 2006 and in 1933 and 1932. About Esprit Financial Group Inc.
Esprit Financial Group Inc, (formerly Cash Now Corporation) is a public company engaged in a diversified number of online financial services.
PayDay Loans: The Company 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. Operations include 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, under the Cash Now banner. The company's proven business model comprises operations in the U.S. and Canadian markets 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.
Forex: Additionally, the Company's Forex Trading division offers an innovative low-cost online Forex trading service at www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.
Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduce holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account. 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 Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
SOURCE Esprit Financial Group
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BHUB (.0036) Select American Transfer Co. Fires Back
M2 "Press Wire "
M2 PressWIRE - April 11, 2007 - Select American Transfer Co. wishes to respond to the Press Release issued by The BigHub.com, Inc. (Other OTC: BHUB.PK) on April 10, 2007.
Select American Transfer Company confirms that it acted as the transfer agent to The BigHub.com Inc. but resigned from this position as transfer agent months ago.
The alleged information provided by Select American Transfer Company to The BigHub.com Inc. was unverified and required further review and verification before making such information public since Select American Transfer Company sent all the books and records to the company months ago when it resigned as transfer agent. The BigHub.com Inc.'s new management was made aware of this fact upon their inquiry for information therefore the view held by Select American Transfer Company is that claims made The BigHub.com Inc's Press Release were misleading and or false.
Select American Transfer Company has notified both www.pinksheets.com and the Depository Trust Corporation (DTC) of its resignation as transfer agent to The BigHub.com Inc.
Nathan Rogers, President stated: " The PR sent out by the management of The BigHUb.com Inc. was misleading and we wanted to set the record straight for the shareholders involved as well as our clients as such misinformation could harm our reputation and it could force us to seek damages from those who maliciously harm our corporate name and image. "
About Select American Transfer Co.
Select American Transfer Co. is a transfer agent licensed under the Securities Exchange Act of 1934 and regulated by the Securities and Exchange Commission (SEC).
Safe Harbor Statement
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
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NAWL (.0014) Becomes Authorized Vendor of 4,000 Member Chiropractors Buying Group Apr 11, 2007 7:00:00 AM
SAN DIEGO, April 11 /PRNewswire-FirstCall/ -- NatureWell, Incorporated (OTC Bulletin Board: NAWL), a company engaged in the development and marketing of proprietary, all-natural healthcare products, announced today that it has become an Authorized Vendor of Chiropractors Buying Group, Inc. ("CBG") (www.cbgsave.com), the result of which is intended to expand the distribution and sales of its flagship product MigraSpray(R).
As the leading buying group in the chiropractic industry, CBG provides industry-leading buying solutions, including the best products, latest technology, lowest prices, and greater choices, which allow members to enhance their overall performance. CBG will provide the Company with direct access to its membership base of over 4,000 chiropractors, including but not limited to, representation on CBG's Website, emails sent from CBG, inclusion in CBG fax newsletters, co-promotion at national and state association trade shows, and direct contact of members by dedicated CBG Member Representatives from their in-house call center.
James R. Arabia, NatureWell Chairman and CEO, commented: "We are highly optimistic that our current marketing and sales efforts including trade advertising, outbound telesales, and participation at several national and state conferences will be strengthened now that MigraSpray has become an Authorized Product within the largest chiropractic buying group. CBG provides a number of valuable marketing tools that will assist the Company in exposing MigraSpray to chiropractors that currently inventory healthcare products in their offices. By fully utilizing this relationship we believe the Company has an exciting opportunity to continue to increase sales and grow its market share within the chiropractic community." About NatureWell, Incorporated:
NatureWell, Incorporated (www.naturewell.com) is an emerging researcher, developer, and marketer of proprietary, all-natural healthcare products. The Company currently markets its flagship product MigraSpray (www.migraspray.com), a patented, over-the-counter, homeopathic medicine intended to be a comprehensive approach for the treatment and prevention of migraine headaches.
Statements made in this news release should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are based on management's beliefs and assumptions regarding information currently available, and are made pursuant to the "safe harbor" provisions of the federal securities laws. The Company's actual performance and results could differ materially from those expressed in the forward-looking statements due to certain risks and uncertainties that could materially impact the Company in an adverse fashion and are only predictions of future results, and there can be no assurance that the Company's actual results will not materially differ from those anticipated in these forward-looking statements. Such risks and uncertainties, include, but are not limited to, the Company's ability to secure adequate financing, the Company's ability to ship its products in a timely fashion, volume and timing of orders received, interruption of the manufacturing or distribution of the Company's products or of the supplies or ingredients used to manufacture the Company's products, the effectiveness of the Company's products and consumer perception as to the effectiveness of the products, competitive pricing pressures and the Company's ability to anticipate changes in the market. These and other potential risks and uncertainties are set forth in the Company's filings with the Securities & Exchange Commission. The Company has no obligation to publicly update or revise any of the forward-looking statements that may be in this news release.
SOURCE NatureWell, Incorporated
----------------------------------------------
James R. Arabia Chairman and CEO of NatureWell Incorporated +1-800-454-6790
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PGPM (.028) Announces Projections on Q1 Financial Results 2007
Business Wire "US Press Releases "
IRVING, Texas--(BUSINESS WIRE)--
Pilgrim Petroleum Corporation (PINK SHEETS: PGPM) (FWB:PHV) is pleased to announce that the company will release its financial results for its first quarter 2007 next week. As Pilgrim's year-end financial results have already exceeded expectations, the first quarter results will set the pace of the company's growth projections. After management's review of operations for the current year ending December 31, 2007, the Company expects to more than double its net income by implementing rigorous cost control management, production efficiency technologies and steady re-completion of more shut-in wells located in its properties. Based on the estimates of expected earnings in the next four quarters, Pilgrim's forward P/E ratio for the stock should be at least 32.37 and PEG (price/earnings to growth) ratio of 0.06. Moreover, the agreement with General Energy Corporation has triggered the first phase of the North Texas Exploration Project, by accessing over 1.8 million barrels of potentially recoverable oil, which translates into a projected earnings-per-share (EPS) of $0.15, based on its net present value and future net revenues of approximately $52,050,000. This figure does not include Pilgrim's most recent acquisitions.
First Phase due diligence already in place includes:
-- One drilling authorization granted by RRC of Texas in Archer County and four pending approval.
-- A new field office located in Holliday, Texas.
Pilgrim Petroleum Corporation's Chief Executive Officer, Rafael Pinedo said, "Pilgrim Petroleum is committed to a firm start for the new fiscal year. Our Management team strongly believes in the company's incremental and steady growth potential through its re-activation program, the potential upside of the North Texas Exploration Project and Pilgrim's acquisition plan to further increase its asset portfolio. Pilgrim will concentrate its efforts on higher profitability and long-term sustainability."
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PGPM). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interest's primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production.
Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward looking statements.
2007 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
Source: Pilgrim Petroleum Corporation
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AACS (.009) IMW Starts the New Fiscal Year With a Bang
Market Wire "US Press Releases "
BARTOW, FL -- (MARKET WIRE) -- 04/11/07 -- American Commerce Solutions, Inc. (OTCBB: AACS) today released preliminary results of operations for wholly owned subsidiary, International Machine and Welding, Inc., for March 2007, the first month of the new fiscal year.
Daniel L. Hefner, President and CEO of AACS, reported, "IMW ended the last fiscal year with its highest monthly revenue of the year. Subject to final adjustments, the preliminary review of the company records indicates that IMW produced revenue of $226,600 for the month of March 2007. This represents a $45K increase over the prior-year monthly average and $20K more than the same prior-year period. Customer satisfaction, quality workmanship and on-time delivery have instilled confidence and produced solid margins at IMW. The prospects for the near term could generate our highest revenue production since becoming part of AACS. I can't say enough positive things about IMW President, Don Harrison, and his capable staff of management, sales and operations. They have done an exceptional job."
Information about International Machine may be seen at the company website, www.aacssymbol.com.
The company's other wholly owned subsidiary, Chariot Manufacturing Company, Inc., manufacturers of highly regarded fiberglass motorcycle trailers maintains a website at www.chariot-trailer.com.
ACS also has a Strategic Partner relationship with American Fiber Green Products, Inc. with web presence at www.americanfibergreenproducts.com. AFGP has recently filed SEC Form 10SB and will begin trading on the OTC Bulletin Board in the near future.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Contact: Daniel Hefner 813-244-9843 dhefner*aacssymbol.com
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MAGY (.047) Magnitude Licenses Its Ergonomic Software
PrimeZone "PrimeZone "
BRANCHBURG, N.J., April 11, 2007 (PRIME NEWSWIRE) -- Magnitude Information Systems, Inc. ("Magnitude") (OTCBB:MAGY) announced today that it has entered into an agreement with Imminent Technologies, LLC. ("IMT") that will outsource Magnitude's current line of ergonomic products and services. Under this agreement, Imminent Technologies, LLC. will be responsible for supporting Magnitude's current installation base, and will market Magnitude's line of ergonomic products, returning to Magnitude a royalty after reaching certain agreed upon revenue thresholds. Magnitude will retain its patented keystroke algorithm based technology, and will continue to seek licensing partners in the areas of Fraud Detection, Office Productivity and Spyware, among other markets.
As previously announced, Magnitude recently entered into an agreement to acquire Kiwibox Media, Inc., and its leading Teen online social networking site, Kiwibox.com. With its 1.8 Million registered members, the Kiwibox acquisition will permit Magnitude to realign its corporate business and enter the Online Social Networking (the "OSN") marketplace. "The agreement with IMT provides Magnitude with the best of both worlds," stated Edward Marney, Magnitude's President and CEO, "and it frees Magnitude to redefine itself as a potential innovator and leader in the Teen OSN marketplace. We can now maintain a potential revenue stream through the licensing of our ergonomic products without the accompanying marketing and sales expense. We are committed to bringing value to our Magnitude shareholder base, and we believe our Kiwibox acquisition strategy is sound."
In a coordinated front with Magnitude management, Kiwibox initiated a re-launch plan of its Kiwibox.com website last month. "With the assistance and support of Magnitude," stated Lin Dai, Kiwibox Media's CEO, "we are focusing on the redesign of our website. When the merger is complete the Kiwibox.com site re-launch plan will be well under way."
"Because of the need to provide our shareholders with all material information concerning the Kiwibox acquisition, including the audited Kiwibox Media, Inc. financial statements," noted Ed Marney, "Magnitude and Kiwibox have agreed to move the acquisition closing date to on or before May 15, 2007."
About Kiwibox Media, Inc.
Kiwibox Media, Inc. initially launched their Online Social Networking website, Kiwibox.com site, in 1999 and has evolved into a successful online Teen destination website that now boasts 1.8 Million registered members.
About Imminent Technologies, LLC.
Imminent Technologies, LLC. was recently founded by two former employees of Magnitude. IMT intends to continue to provide outstanding service and support to Magnitude's ergonomic product user base, and cost effectively market Magnitude's Ergo-Enterprise product line.
This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results, depending on a variety of factors. Potential factors that could impact results include the general economic conditions in different countries around the world, fluctuations in global equity and fixed income markets, exchange rates, rating agency actions, resolution of pending regulatory investigations and related issues, including those related to compensation arrangements with underwriters, pension funding, ultimate paid claims may be different from actuarial estimates and actuarial estimates may change over time, changes in technology and internet developments, commercial property and casualty markets and commercial premium rates, the competitive environment, the actual costs of resolution of contingent liabilities and other loss contingencies, and the heightened level of potential errors and omissions liability arising from placements of complex policies and sophisticated reinsurance arrangements in an insurance market in which insurer reserves are under pressure. Further information, concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission.
CONTACT: Magnitude Information Systems, Inc. Edward L. Marney, President and Chief Executive Officer (772) 286-9292
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TYLER, Texas, Apr 11, 2007 (*********wire via COMTEX) -- Biogenerics Limited (Other OTC:BIGN) Board of Directors is pleased to provide its shareholders with the following company update.
James Lancaster, CEO, is pleased to report that, "All previously announced transactions are proceeding and updates on these will be placed on the Company's web site and announced in detail in future press releases."
The WW Oil and Gas Inc. dividend shares have been issued by the Transfer Agency and, in some cases, have already been received by shareholders. Shares that have to clear the Deposit Transfer Corporation to be further credited to brokerage firms may take up to 90 days to complete. Shareholders will receive 1 (one) WW Oil and Gas Inc. common restricted share for every 19 (nineteen) Biogenerics Ltd. shares held as of the January 2, 2007 record date.
Biogenerics is actively continuing its finalization of the Winfield Oil Field transaction. Mr. Lancaster stated, "This transaction is proceeding nicely within the time frame as indicated by the Company's previous press release."
Website: http:/www.bignltd.com
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy Inc and Hydroslotter Corp.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. 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.
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HSXI (.081) to Conduct Joint Clinical Studies With Major Drug Manufacturers
Market Wire "US Press Releases "
IRVINE, CA -- (MARKET WIRE) -- 04/11/07 -- HealthSonix, Inc. (PINKSHEETS: HSXI) (FRANKFURT: H7S) announced that it is working closely with a number of major pharmaceutical companies, with a view to expand clinical claims and to address the guidelines published by the American College of Rheumatology in the treatment of patients with osteo and rheumatoid arthritis.
The draft recommendations tabled at the recent World Congress on Osteoarthritis suggest that optimal management of patients with osteoarthritis of the hip and knee require a combination on non-pharmacologic and pharmacologic modalities of treatment in most patients. Physicians have always been aware of these guidelines, but were limited in their choices of "non-pharmacologic" treatments.
HealthSonix offers a variety of proven non-pharmacologic therapies with its proprietary sound pressure wave treatments, such as AquaSonix Therapy -- a therapeutic water program that combines company's sound pulse technology with Arthritis Foundation's low impact exercises in warm water therapy pools.
The proprietary sound pulse technology is believed to work by stimulating mechanoreceptors in the skin, which in turn communicate with the brain and block pain messages from getting through (gate control theory of pain); by creating an exercise effect in the muscles, which encourages the production and release of endorphins, the body's natural pain killers.
The objective of the joint clinical trials is to scientifically confirm the efficacy of combined therapies. "We anticipate that clinical trials will show that AquaSonix Therapy when combined with certain medications will significantly reduce pain, improve function and further improve the patient's quality of life, when compared to patients taking medications alone," explained Dieter Doederlein, Vice president of Business Development.
HealthSonix, Inc. (PINKSHEETS: HSXI) (FRANKFURT: H7S) is a publicly traded medical technology company. The Company's core offerings are based on proprietary, patent pending medical technologies that use sound pressure waves to administer sub-sensory micro vibration to the human body. Precisely formatted low frequency sound pulses are 80% effective in treating the pain of many diseases, particularly arthritis. All treatments and products are safe, non-invasive and have no known side effects.
More information regarding HealthSonix and its products and services can be found on the World Wide Web at: www.HealthSonix.com or by calling the company at 1-877-622-2121.
Note: A number of statements contained in this report are forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors not set forth herein. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.
HealthSonix, Inc. 1-877-622-2121
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PAIM(.0004)Getting Nearer to Clinching an Agreement for a Rich Gold Prospect Adjacent to the Atlas Mining Company in Aroroy Gold Rush Area, Masbate Province Projected Initial Monthly Revenue of about $86,000 Expected from 1 Kilogram a Week Gold Production Pearl Asian Mining Drawing Closer to Obtaining Piggyback Qualification and Becoming a Fully Reporting Company, as Audit Firm CJVA (RSM International Affiliate) Presents Preliminary Financial Statements to Management; Provides Updates on Oro Pearl Geoservices Laboratory and XYZ Mine Apr 11, 2007 2:28:00 PM Copyright Business Wire 2007 MANILA, Philippines--(BUSINESS WIRE)--
Pearl Asian Mining Industries, Inc., with stock symbols: U.S.A. (OTC: PAIM) (OTC: PAIMP); Germany (GER: R1Z) (FWB: R1Z), announces that it is getting nearer to clinching a joint venture agreement for a gold prospect adjacent to the former Atlas Mining Company Project in Aroroy gold rush area, Masbate.
President Randolf Villanueva reports: "In view of the current lull in the right-of-way negotiations for XYZ mine, but recognizing that the Masbate area where XYZ mine is located, has some of the richest gold deposits in the Philippines, PAIM management has decided to have a secondary option to take advantage of the bright prospects in that area. The gold ores in Aroroy (Town) gold rush area also has high gold content, with the potential Joint Venture partner/landowner reporting actual gold recovery of 17 grams per ton of ore. Aroroy may be considered the proverbial 'tail of the sleeping golden dragon,' with XYZ at the dragon's heart, which is why we continue to pursue XYZ aggressively."
"Our mining team estimates that at current mine site infrastructure and equipment, i.e. 2 small tunnels, current available miners, and gold processing equipment, gold production of 1 kilogram a week is achievable, which is equivalent to gold revenues of around $86,000 for the first month of production. What's more, with rehabilitation of existing tunnels, development of new ones, and use of modern equipment, we estimate gold production to increase substantially. We are currently finalizing the feasibility study on the Aroroy Prospect, and will keep shareholders informed on developments," President Villanueva added.
Meanwhile, Pearl Asian is moving closer to attaining piggyback qualification and eventually become a fully reporting company with the following recent developments. On April 5th, 2007, PAIM submitted to the company's sponsoring broker full documentation to obtain piggyback qualification and to eventually attaining full reporting status, with one set of documents for submission to NASD and another set to be submitted to SEC. It is estimated that final review and approval of the documentation will take at least 4 more weeks.
On April 11th, 2007, RSM International affiliate Carlos J. Valdes & Associates (CJVA) presented to PAIM management the preliminary financial statements with proposed adjusting journal entries and management letter. Chief Financial Officer Arnel Morilla states: "We shall finalize our comments to their preliminary findings/statements at the soonest possible time, and we expect to obtain the complete audited financial statements in as short as 2-3 weeks. We will subsequently post it for perusal by shareholders."
Last but not the least, Oro Pearl Geoservices Laboratory is nearing completion of the refurbishing of the newly acquired building, with expected startup within this month of April.
FORWARD-LOOKING STATEMENTS
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Pearl Asian Mining Industries, Inc.
---------------------------------------------- Pearl Asian Mining Industries Inc.
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FNIX (.0019) Reports on Shareholder Conference Call
Business Wire "US Press Releases "
SALT LAKE CITY--(BUSINESS WIRE)--
Fonix Corporation (OTCBB: FNIX), specializing in embedded speech interfaces for mobile devices, handheld electronic products, video game systems and processors, reports the results of today's shareholder conference call.
Fonix management discussed:
Company Overview
-- Through its wholly owned subsidiary, Fonix Speech, Inc., the Company licenses embedded speech technologies to original equipment manufacturers (OEMs).
-- Fonix Speech's core technologies include automatic speech recognition (ASR), text-to-speech (TTS) and voice compression (VC).
Market Opportunities
-- Fonix Speech customers sell speech-enabled products in three primary markets: electronic dictionaries, video game consoles and mobile phones.
-- E.dictionaries - ASR, TTS and VC available to handheld dictionary OEMs; number of OEMs with models in the market increasing; markets expanding to include Japan, China, Korea, Middle East and Europe; Fonix Speech receives NRE fees and unit royalties.
-- Video game consoles - Fonix speech technologies available for five gaming platforms (Xbox, Xbox 360, PlayStation2, PlayStation3 and PC); 20 retail games available featuring Fonix speech; Fonix Speech receives licensing fees for games (per game, per platform).
-- Mobile phones - Fonix speech-enabled dialing solutions available for Windows Mobile Smartphones and PocketPCs; add-on software available from Internet retailers; bundled solutions now available for OEMs; Fonix Speech receives unit royalties.
2007 Outlook
-- Yearly revenue for Fonix Speech, Inc. expected to increase 1.5Xs over 2006 based on current OEM contracts with products now shipping.
-- Company will manage current operations with recently acquired financing combined with revenue growth from product sales.
-- Operating costs have been reduced.
"During today's shareholder conference call, Fonix management endeavored to explain Fonix Speech's current market position and business strategy going forward," says Thomas A. Murdock, Fonix Chairman and CEO. "We remain optimistic about future market opportunities based on the manufacturing relationships we have developed over the past 24 months. The results of this work are evident in the number of new Fonix speech-enabled products entering the market this year."
About Fonix
Fonix Corporation (OTCBB: FNIX), based in Salt Lake City, Utah, currently operates through its wholly owned subsidiary, Fonix Speech, Inc., an innovative speech recognition and text-to-speech technology company that provides value-added speech solutions. Fonix Speech offers voice solutions for mobile/wireless devices; interactive video games, toys and appliances; computer telephony systems; the assistive market and automotive telematics. Fonix Speech provides developers and manufacturers with cost-effective speech solutions to enhance devices and systems. Visit www.fonix.com for more information, or call (801) 553-6600 and say "Sales."
Statements released by Fonix that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the Company's business prospects and performance. The Company's actual results could differ materially from those in such forward-looking statements. Risk factors include general economic, competitive, governmental and technological factors as discussed in the Company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The Company does not undertake any responsibility to update the forward-looking statements contained in this release.
Source: Fonix Corporation
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