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SPZI (.0033) to Launch Proprietary Trading Division Mar 7, 2007 5:00:00 PM Copyright Business Wire 2007
CHICAGO--(BUSINESS WIRE)--
Spooz, Inc. (OTC: SPZI) is excited to announce the formation of a proprietary trading division to generate additional revenue for the company. The new division will employ Fractalz3(TM) technology, acquired in the Tetrahex merger last year, to exploit short-term market anomalies using statistical arbitrage models. The Statistically Weighted Arbitrage Recognition Model (SWARM) trading methodology is based upon quantitative trading approaches that involve "Bivariate Normal Probability Distributions", and "Co-integration Theory". The algorithms within SWARM provide a real-world application for modeling statistical arbitrage while maintaining a robust framework.
Executed on Spooz's signature SpoozToolz(TM) software, SWARM is a combination of high-frequency proprietary arbitrage models that exploit local and spatial price discovery. Its unique weighted components allow for "dynamic" co-integration balancing between multiple correlated markets. Because its success is based on the automation of quantitative strategies, SWARM's trading performance is not dependent on any specific market direction, but rather on precise micro-second calculations to identify opportunities as they arise. SWARM seeks to deliver risk-adjusted returns within 10 % of top money managers. Trading is scheduled to begin April 1st.
"I am pleased that Spooz's proprietary trading creates significant shareholder value, but more importantly, as proof of the viability of Fractalz3 and the SpoozToolz platform," declares Spooz CEO Paul Strickland. "Our ability to provide a track record to the global market disclosing the results of this effort will be unique in the industry. We expect SWARM to generate at least $14.7 million in revenue for calendar 2010 with negligible drawdown. This is a projection, but considering minimal risk to capital and our revolutionary trading technology, proprietary trading becomes an integral part of Spooz business and will serve as a demonstration of our ground-breaking initiatives."
About Spooz, Inc.
Spooz, Inc., a publicly traded company based in Chicago, provides a suite of solutions designed to simplify financial trading for traders and hedgers alike. Its flagship product, SpoozToolz(TM) and its modules, add built-in trading capabilities to the popular Microsoft(R) Excel software application, combining a customizable interface, streaming quotes, charts, technical analysis, a comprehensive historical database, and electronic trade execution into a simple add-in that becomes part of the Excel tool bar.
Safe Harbor - NO ASSURANCES CAN BE GIVEN THAT ANY PROJECTIONS WILL BE REALIZED. 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 Spooz, 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.
Source: Spooz, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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IMJX (.0002) Retains Signature Leisure to Provide Investor Relation Services Mar 7, 2007 4:05:00 PM ROCHESTER, NY, CASSELBERRY, FL and CHAMPLIN, MN -- (MARKET WIRE) -- 03/07/07 -- ImageXpres Corp (PINKSHEETS: IMJX) and Signature Leisure, Inc. (OTCBB: SGLS) jointly announced today that ImageXpres Corp has retained Signature to provide investor relation services for ImageXpres Corp.
Stephen Carnes, CEO of Signature Leisure, stated, "We are excited to have the opportunity to work with ImageXpres. The quality of products that ImageXpres produces is phenomenal, a mere glance at the product offering on the company website attests to that fact. Upon completing some very basic due diligence, I believe that the investing public should recognize the true under appreciation of ImageXpres' value. In my opinion the current under appreciation is nothing more than a factor of investors not even being aware of ImageXpres as an investment opportunity."
Carnes further stated, "I encourage investors to conduct their own independent research in an effort to evaluate the true investment potential of ImageXpres. Being ahead of the pack can have its rewards."
"ImageXpres will soon be providing product into the greater Orlando market, which just happens to be home to not only Disney and Universal Studios, but also our company Signature (SGLS). We look forward to welcoming John Zankowski and the team at ImageXpres to showcase their products into the Orlando marketplace," Carnes stated.
John Zankowski, President of ImageXpres Corp, stated, "ImageXpres is fortunate to have Signature on board to provide investor relation services. We believe that Signature can assist us to elevate ImageXpres to the next level. We have complete confidence in Signature's ability to represent ImageXpres in addition to their ability to communicate to the investing public ImageXpres Corp's potential.
About ImageXpres Corporation (PINKSHEETS: IMJX) -- ImageXpres is a digital imaging and printing company, headquartered in Rochester, NY. ImageXpres develops imaging systems solutions for commercial printing, consumer photo, and healthcare (diagnostic imaging) market segments. ImageXpres is currently manufacturing and marketing a family of self-service multimedia kiosks, iPrint Digital Photo Kiosks, and LitePix Digital Displays, digital signs that provide unique advertising benefits for business owners. The Company's website is www.imagexpres.com.
About Signature Leisure, Inc. (OTCBB: SGLS) -- Signature Leisure, Inc. is a publicly traded company trading on the OTC Bulletin Board under the symbol SGLS. For more information about Signature Leisure, Inc., please visit the Company's website at http://www.signatureleisure.com.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. 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 that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.
Contact: Signature Leisure, Inc. Stephen W. Carnes 407-599-2886 info*signatureleisure.com
Contact: ImageXpres Corp at Signature Leisure, Inc. Gemma Matthews 260-456-5241
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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DOVP (.36) Announces Modification of Condition and Extension of Exchange Offer Mar 7, 2007 9:56:00 PM SOMERSET, N.J., March 7 /PRNewswire-FirstCall/ -- DOV Pharmaceutical, Inc. (Pink Sheets: DOVP.PK) ("DOV" or the "Company") announced today that it has modified the condition that at least 99% of the aggregate principal amount of the Debentures be tendered under the Company's exchange offer for all of its 2.50% Convertible Subordinated Debentures due 2025 (the "Exchange Offer") to require that at least 96.3% of the Debentures be tendered 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, which was scheduled to expire at 5:00 p.m., New York City time, on Wednesday, March 7, 2007, has been extended to 5:00 p.m., New York City time, on Wednesday, March 14, 2007.
As of March 7, 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 modification of the minimum tender condition described above. Other than the modification of the minimum tender condition and 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 -- http://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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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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COCBF (.21) Announces Drilling Results and Planned New Wells Mar 7, 2007 9:35:00 PM APALACHICOLA, Fla., March 7 /PRNewswire-FirstCall/ -- Phillip Ware, President and Chief Executive Officer of Coastal Caribbean Oils & Minerals, Ltd. (OTC Bulletin Board: COCBF.OB) ("Coastal Caribbean" or the "Company"), announced today that the Company's wholly owned subsidiary, Coastal Petroleum Company ("Coastal"), will discontinue completion efforts at both the Evaline twin well and the Listou (Blaine County) well in Montana.
The Evaline twin well was drilled into the Lodgepole Reef that was targeted and encountered oil, but not in sufficient quantities for the Company to earn its interest under the Farmin Agreement (the "Agreement") with Helis Oil & Gas, LLC ("Helis"). The Company then moved uphole and perforated and tested the Mission Canyon Formation which had a significant show of oil while the Company was drilling to the Lodgepole. The Mission Canyon was tested and it too contained oil, but again not in sufficient quantities for the Company to earn its interest. Under the Agreement, Helis may complete the Evaline twin well and establish production at less than the threshold.
The Listou well encountered significant gas shows on the way down to the Lodgepole Reef that was targeted. The Listou Lodgepole Reef, about 200 miles west of the Evaline twin well, was flushed with fresh water and not productive. Coastal tested several zones of potential gas production but was unable to find any zone in the well which would produce commercial quantities of gas. The well will be abandoned.
Coastal will now focus on its 137,163 net acre leasehold in Valley County, Montana which contains two primary oil and gas objectives: a large number of identified Lodgepole Reefs; and a 34,000 acre structure that is similar to two large natural gas fields in the area. There are also a number of additional secondary objectives.
Coastal continues to work with Victory Energy Corporation to finalize the formal agreement between the two covering Coastal's Valley County, Montana leases. Coastal and Victory have worked together to select the first drilling locations and are beginning the permitting process for the first wells to be drilled under that agreement, the first one of which would be in or before July, 2007.
Now in its 55th year, Coastal Caribbean Oils & Minerals, Ltd., is engaged in the exploration for and development of oil and gas reserves through its wholly owned subsidiary, Coastal Petroleum. Coastal Petroleum's principal assets are its cash and its non-producing oil and gas leases within the Williston Basin, covering approximately 9,000 net acres in North Dakota and approximately 137,000 net acres in Valley County, Montana.
Certain statements included in this press release, which are not historical in nature, are intended to be forward-looking statements. Coastal Caribbean cautions readers that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
SOURCE Coastal Caribbean Oils & Minerals, Ltd.
---------------------------------------------- Robert J. Angerer Jr. of Coastal Caribbean Oils & Minerals Ltd. +1-850-576-5982
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Conference Call Scheduled for 11:00 a.m. Tomorrow, Thursday, March 8, 2007
DUBLIN, Ohio, Mar 07, 2007 (BUSINESS WIRE) -- Neoprobe Corporation (OTCBB:NEOP) today announced financial results for the fourth quarter of 2006 and for the full year that ended December 31, 2006. Results for the fourth quarter and for the full year of 2006 include the consolidated operations of Neoprobe Corporation and its subsidiaries, Cardiosonix Ltd. and Cira Biosciences, Inc. For the fourth quarter of 2006, Neoprobe had a net loss of $1.3 million (including total non-cash expenses of $398,000) or $0.02 per share compared to loss of $1.3 million (including total non-cash expenses of $326,000) or $0.02 per share for the fourth quarter of 2005. For fiscal year 2006, Neoprobe incurred a net loss of $4.7 million (including total non-cash expenses of $1.5 million) or $0.08 per share compared to a net loss of $4.9 million (including total non-cash expenses of $1.4 million) or $0.08 per share for fiscal 2005.
For the year 2006, Neoprobe reported total revenues of $6.1 million compared to $5.9 million in 2005. Revenue from our medical device product lines increased $132,000 or 2% in 2006 compared to the prior year. The improvement in annual revenue from our medical devices in 2006 reflects a 77% increase in blood flow device sales to $604,000 in 2006 compared to $340,000 in 2004, the effect of which offset a 2% decline in revenue from our gamma device product line related primarily to declines in end customer sales prices experienced by our primary distribution partner. For the fourth quarter of 2006, revenues increased $452,000 or 32% to $1.9 million compared to $1.4 million for the fourth quarter of 2005.
Gross profit for 2006 decreased $124,000 or 4% as compared to 2005. The decrease was the combined result of inventory impairment charges related to obsolete material components for our blood flow devices resulting from our efforts to improve product performance coupled with the price decline experienced related to our gamma detection products.
Neoprobe's research and development expenses for 2006 decreased to $3.8 million compared to $4.0 million in 2005. Expenses incurred related to our Lymphoseek(R) development initiative remained relatively steady across the periods despite a shift in emphasis from pre-clinical and manufacturing scale-up activities in 2005 to more clinical study support activities in 2006. Device development costs for the year declined slightly as efforts to develop our Bluetooth wireless probe were offset by cost decreases in other areas of our gamma and blood flow line development.
General and administrative expenses decreased to $3.1 million for 2006 compared to $3.2 million for 2005 as increased non-cash stock option expenses were more than offset by decreases in professional services and other areas.
"2006 proved to be an exciting and challenging year for our business," said David Bupp, Neoprobe's President and CEO, "but one in which we demonstrated the continued strength of our medical device businesses as we strove to move forward in gaining market clearance for Lymphoseek in the United States and Europe." Bupp continued, "The milestones we achieved during 2006 in the clinical evaluation of Lymphoseek have set the stage for 2007 to be an important development year for our Company."
Neoprobe's President and CEO, David Bupp, and Vice President and CFO, Brent Larson, will provide a business update and discuss the company's results for the fourth quarter and full year of 2006 during a conference call scheduled for 11:00 AM EST, Thursday, March 8, 2007. The conference call can be accessed as follows:
Conference Call Information--------------------------------------------------------------------- - TO PARTICIPATE LIVE: TO LISTEN TO A REPLAY:------------------------------ ---------------------------------------Date: March 8, 2007 Available until: March 15, 2007Time: 11:00 AM EST Toll-free (U.S.) Dial in # : 877-660-6853 International Dial in # :201-612-7415Toll-free (U.S.) Replay passcodes (both Dial in # : 877-407-9210 required for playback):International Account # : 286 Dial in # : 201-689-8050 Conference ID # : 233794------------------------------ --------------------------------------- About Neoprobe
Neoprobe is a biomedical company focused on enhancing patient care and improving patient outcome by meeting the critical intraoperative diagnostic information needs of physicians and therapeutic treatment needs of patients. Neoprobe currently markets the neo2000(R) line of gamma detection systems that are widely used by cancer surgeons and is commercializing the Quantix(R) line of blood flow measurement products developed by its subsidiary, Cardiosonix Ltd. In addition, Neoprobe holds significant interests in the development of related biomedical systems and radiopharmaceutical agents including Lymphoseek(R) and RIGScan(R) CR. Neoprobe's subsidiary, Cira Biosciences, Inc., is also advancing a patient-specific cellular therapy technology platform called ACT. Neoprobe's strategy is to deliver superior growth and shareholder return by maximizing its strong position in gamma detection technologies and diversifying into new, synergistic biomedical markets through continued investment and selective acquisitions. www.neoprobe.com
Statements in this news release, which relate to other than strictly historical facts, such as statements about the Company's plans and strategies, expectations for future financial performance, new and existing products and technologies, anticipated clinical and regulatory pathways, and markets for the Company's products are forward-looking statements The words "believe," "expect," "anticipate," "estimate," "project," and similar expressions identify forward-looking statements that speak only as of the date hereof. Investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from historical or anticipated results due to many factors including, but not limited to, the Company's continuing operating losses, uncertainty of market acceptance of its products, reliance on third party manufacturers, accumulated deficit, future capital needs, uncertainty of capital funding, dependence on limited product line and distribution channels, competition, limited marketing and manufacturing experience, risks of development of new products, regulatory risks and other risks detailed in the Company's most recent Annual Report on Form 10-KSB and other Securities and Exchange Commission filings. The Company undertakes no obligation to publicly update or revise any forward-looking statements.
NEOPROBE CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS December 31, December 31, 2006 2005 (unaudited) ------------ ------------Assets:Cash and cash equivalents $2,502,655 $4,940,946Available-for-sale securities - 1,529,259Other current assets 2,831,088 1,978,268Intangible assets, net 1,828,517 2,098,910Other non-current assets 871,272 1,023,058 ------------ ------------Total assets $8,033,532 $11,570,441 ============ ============Liabilities and stockholders' (deficit) equity:Current liabilities, including current portion of notes payable $3,462,837 $1,501,683Notes payable, long-term (net of discounts) 4,808,540 5,973,853Other liabilities 60,182 78,109Stockholders' (deficit) equity (298,027) 4,016,796 ------------ ------------Total liabilities and stockholders' (deficit) equity $8,033,532 $11,570,441 ============ ============ CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three Months Ended Twelve Months Ended December 31, December 31, December 31, December 31, 2006 2005 2006 2005 (unaudited) (unaudited) (unaudited) ------------ ------------ ------------ ------------Net sales $1,871,210 $1,419,172 $6,051,071 $5,919,473Cost of goods sold 890,959 638,054 2,632,131 2,376,211 ------------ ------------ ------------ ------------ Gross profit 980,251 781,118 3,418,940 3,543,262 ------------ ------------ ------------ ------------Operating expenses: Research and development 1,084,405 983,734 3,803,060 4,031,790 Selling, general and administrative 818,665 802,697 3,076,379 3,155,674 ------------ ------------ ------------ ------------ Total operating expenses 1,903,070 1,786,431 6,879,439 7,187,464 ------------ ------------ ------------ ------------Loss from operations (922,819) (1,005,313) (3,460,499) (3,644,202) ------------ ------------ ------------ ------------Interest expense (405,359) (348,748) (1,496,332) (1,350,592)Increase in warrant liability - - - (142,427)Other income, net 32,400 56,760 215,615 208,271 ------------ ------------ ------------ ------------Net loss $(1,295,778) $(1,297,301) $(4,741,216) $(4,928,950) ============ ============ ============ ============Loss per common share: Basic $(0.02) $(0.02) $(0.08) $(0.08) Diluted $(0.02) $(0.02) $(0.08) $(0.08)Weighted average shares outstanding: Basic 58,713,401 58,492,059 58,586,593 58,433,895 Diluted 58,713,401 58,492,059 58,586,593 58,433,895 SOURCE: Neoprobe Corporation
Neoprobe Corporation Brent Larson, 614-793-7500 x133 Vice President / CFO or The Trout Group Tim Ryan, 646-378-3924
Copyright Business Wire 2007
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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IAGR (.085) Announces Purchase Like A Pro Sweepstakes 3/7/2007
HUNTERTOWN, IN, Mar 07, 2007 (MARKET WIRE via COMTEX News Network) -- Internet Acquisition Group, Inc. (OTCBB: IAGR) announced today that the Company is holding an online sweepstakes promotion entitled 'The Internet Acquisition Group Purchase Like A Pro Sweepstakes.' The Grand Prize Winner will receive $2,000 towards purchasing services of their choice from Internet Acquisition Group, Inc. Official Rules are located on the Company's website at http://www.iagcompany.com
The Sweepstakes will begin at 4:05pm (E.S.T.) on Wednesday, March 7, 2007 and all entries must be received prior to the contest end by 6pm (E.S.T.) on Wednesday, April 18, 2007 (the "Sweepstakes Period"). Multiple entries are allowed, but only one entry per individual per day (based on E.S.T.) is allowed. Entries must be received on the official registration page on the Internet Acquisition website which can be located at http://www.iagcompany.com. All entries require completion of all of the required information and following all instructions and then submitting your entry. (Official Rules are located on the Company's website at http://www.iagcompany.com)
Matt Lettau, CEO of Internet Acquisition Group, stated, "I believe that the sweepstakes will be a very cost-effective means of marketing and gaining additional exposure for the company. There are numerous individuals who participate in online sweepstakes every day. Additionally there are websites that are dedicated to listing online sweepstakes promotions and it is hoped that our contest will gain exposure on those websites as well. It is hoped that the sweepstakes will assist the Company to build additional name recognition and that those individuals that visit the Company website will become more familiar with the business of Internet Acquisition Group and the services that we offer."
About Internet Acquisition Group, Inc. (OTCBB: IAGR) -- Internet Acquisition Group, Inc. is a publicly traded company trading on the OTC Bulletin Board under the symbol IAGR. IAGR specializes in professional purchasing management so that its clients can focus on the operations of their businesses. Specifically, IAGR assists clients by purchasing goods and services specific to their needs and managing these services along with working to provide discounted prices on many products and services. For more information about Internet Acquisition Group, Inc., please visit the Company's website at http://www.iagcompany.com.
This press release may contain certain "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 IAGR's historical experience and its present expectations or projections. These risks include, but are not limited to its ability to develop operations; its ability to increase its client base; actual revenues produced by the sale of its products; ability to capture market share; the effectiveness of advertising and marketing programs; its ability to consummate and complete an acquisition of goods; the establishment of relationships with vendors; its access to future capital; government regulation; managing and maintaining growth; the effect of adverse publicity, litigation, competition, sales and other factors that may be discussed in IAGR's filings with the SEC, including its 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. IAGR undertakes 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.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.
Contact: Internet Acquisition Group, Inc. Matt Lettau 260-385-0338 info*iagcompany.com
SOURCE: Internet Acquisition Group, Inc.
mailto:info*iagcompany.com
Copyright 2007 Market Wire, All rights reserved.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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(0.14)Black Dragon Announces Increased Revenue for 2006 Thursday March 8, 6:30 am ET
Revenues End for 2006 at $2.1 Million Compared to $729,851 in 2005
OIL CITY, LA--(MARKET WIRE)--Mar 8, 2007 -- Black Dragon Resources, Inc. (Other OTC:BDGR.PK - News) announced today that net revenue ended at $2.1 million for 2006, compared to $729,851 in 2005. Despite the improvement, management of the oil gas production company stated they had hoped to have even higher revenue numbers for 2006. ADVERTISEMENT
Severe weather caused flooding in the fields and decreased overall production. However, Black Dragon was still able to sell over 6000 gross barrels which represent 3600 net barrels and close to 4 mmcf of gas for the months of January and February.
Black Dragon stated that production in March must be 9,000 barrels of oil to surpass that of the first quarter of last year (this is a projection, not a goal). The goal in March is to turn all 7 newly drilled wells on, as well as 30 newly reworked wells, drill 3 new salt water wells, drill 5 new gas wells, turn on the Haynesville leases, and turn on the Johnson Eckart (salt water well).
About Black Dragon:
Black Dragon Resource Companies, Inc. is an oil and gas Production Company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company's focus on mature, domestic oil fields eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market where larger independent and major oil companies are not positioned to compete.
The statements in this press release regarding any implied or perceived benefits from existing oil and gas field properties, actual reserves and revenues to be derived from the reserves, plans to drill additional oil and gas wells, anticipated revenues, the acquisition of additional oil or gas leases, maintaining mineral lease rights, and any other such effect resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, and any other difficulties related to producing minerals such as oil and gas, continued maintenance of the oil field and properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth.
Posts: 558 | From: Ocala, Florida | Registered: Jun 2006
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(.0012)Grand Entertainment & Music, Inc. Announces Big Lou's First Mixtape Release Thursday March 8, 7:00 am ET
MONTREAL--(MARKET WIRE)--Mar 8, 2007 -- Grand Entertainment & Music, Inc. (Other OTC:GMSC.PK - News) is pleased to announce that Big Lou has nearly finished recording his first Mixtape under DJ Kay Slay, and it is set to be released in the next 3 weeks. "Playtime is Over," Big Lou's first Mixtape under famed DJ and producer DJ Kay Slay, is just about finished. All of the tracks were recorded and cut at The Cutting Room Studios in New York and Polygon Studios in New Jersey. The production is set to be released within the next three weeks, and will be sold on all major internet outlets and in major stores throughout the U.S.
Big Lou performed one of his new tracks at his show last weekend, and received a great response. Lost City put out another new track from "Playtime is Over" on Big Lou's MySpace page (www.MySpace.com/BigLouTheSpanishFrankWhite). "Wu Homage" was released two weeks ago on the site, and it has already been played over 8,400 times. The release has received rave reviews from fans across the country. DJ Kay Slay has been promoting the release of the Mixtape on his radio show on Shade 45 (Sirius Satellite), and on his nightly show on New York's Hot 97 (the #1 R&B/Hip Hop station in the country).
ADVERTISEMENT
"This is a major development in Big Lou's career, and a huge step for Lost City Records," stated Frank Urban, Big Lou's manager. "As Lost City's top artist, this Mixtape will introduce Big Lou to thousands of fans who have never heard of him before. In conjunction with the recent media blitz, hundreds of thousands of potential fans, domestically and internationally, will be exposed to Big Lou's music. It's no secret that the international community has embraced rap music over any other genre. They are very supportive of new exciting artists; especially artists with the musical range and talent that Big Lou offers."
Based in Montreal, Canada and incorporated in November 1998, the Company is an independent music entity that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, The Company's multi-million dollar studio, Cherry Studios, has produced voice-overs and sound tracks for commercials and film. In addition, Cherry Studios has also produced thousands of recordings and has to its credit a total of 23 gold and platinum albums. GEM has recently found success in the reggaeton market with its signature artist, Qbanito. Qbanito's debut album has already generated a #1 hit in Canada and is currently being marketed by Universal Music in Europe. Grand Entertainment also controls exclusive rights to vast catalogues of previously unreleased recordings from Cuban music archives. In November 2006, Grand Entertainment acquired half of Lost City Records, adding a half dozen award-winning artists, including rising rap star Big Lou, and a 500+ song catalogue to Grand's existing assets. In addition, the company will continue to focus on growth through acquisitions over the next twelve months in an effort to reach its mission of becoming a premier production, recording, publishing, and internet distribution company.
Posts: 558 | From: Ocala, Florida | Registered: Jun 2006
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(.003)Sarissa Resources, Inc. Stakes New Claims in Canadian Mineral Mines Thursday March 8, 8:31 am ET
BAY CITY, MI--(MARKET WIRE)--Mar 8, 2007 -- Sarissa Resources, Inc., formerly Michigan Gold Mining Investments, Inc. (Other OTC:MGGV.PK - News), is pleased to announce that the Company is clarifying the potential of the 55 claim, 2,000 acre St. Nicholas mineral deposit property located in Northern Ontario, Canada, in the Elliot Lake mining camp. The area was chosen for potential Uranium and Copper deposits. ADVERTISEMENT
The mineral target areas are accessible within several hundred feet of the surface on the property and Sarissa Resources, Inc. sees the area as a valuable mineral resource prospect. Geophysicists contracted by the Company will conduct a detailed assessment of the property along with diamond core drilling to delineate the potential uranium/copper deposit.
These claims were originally drilled in the 1950s and 1960s and the Company has leased the mineral mining rights to mine the government-owned area, the staking and other cost approximate $10,000. The renewable lease lasts for two years.
"These areas bear strong similarities to the renowned Olympic Dam mineral deposit site in Southern Australia. We purchased these claims for their tremendous potential for mineral deposits and will employ a highly qualified team of experts to conduct site explorations," stated Mike White, Senior Consulting Geophysicist for Sarissa Resources, Inc.
"The data we have received indicates possible economic deposits at a minable depth and we will announce our specific exploration plans for the St. Nicholas property in weeks to come," stated Ben Fuschino, CEO of Sarissa Resources, Inc.
Olympic Dam is a copper-uranium mine located in South Australia. It contains the world's largest uranium resource, the fourth-largest copper resource, and sizeable quantities of gold and silver.
Sarissa Resources, Inc. recently purchased five percent of Botanic Oasis, Inc. Botanic Oasis distributes Botanic Pax, a biodegradable natural product used to increase crop yield, decrease drought losses, and reduce labor and mechanical costs in agriculture.
About Sarissa Resources, Inc.:
Sarissa Resources, Inc., formerly Michigan Gold Mining Investments, Inc., is an American junior exploration company involved in the development of mineral assets in North America. Currently, the Company retains a one hundred percent (100%) title to a Platinum/Palladium prospect in Shillington Township named the 'Deadmoose Lake' property. The Company also retains a seventy percent (70%) interest in the St. Nicholas property, a Uranium/Copper prospect in the Elliot Lake mining camp. The Mike White Group (WVW Associates) retains a thirty percent interest in the St. Nicholas property.
Posts: 558 | From: Ocala, Florida | Registered: Jun 2006
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(.019)Complete Care Medical, Inc. Introduces Revolutionary Malaria Cure for Children Complete Care Medical, Inc. (PINKSHEETS: CCMI) introduces a revolutionary malaria cure designed specifically for children. "The effects of Malaria in children have reached epidemic levels. Complete Care Medical is thrilled to introduce this product, and we are excited about the effects it will have in curing Malaria in children worldwide," said J.P. Monteverde III, President and CEO of Complete Care Medical, Inc.
It is estimated that 90% of deaths due to Malaria occur in children, and the numbers are as high as 3 million per year. This product delivers a quick decrease of fever, fast parasite clearance, complete efficacy on all P. Falciparum, no in-vitro cross resistances, perfect tolerance and is easy for children to take.
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.comPosts: 558 | From: Ocala, Florida | Registered: Jun 2006
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.0004 TGLE MIAMI, FL -- (MARKET WIRE) -- 03/08/07 -- eComm 3 Media, Inc. and a wholly owned subsidiary of Titan Global Entertainment, Inc. (PINKSHEETS: TGLE) announces it has reached an agreement with Norstar Media Entertainment, Inc. to market 52 half-hour shows of adrenaline pumping action of XX Sports through the Company's E GO MEDIA NETWORK. These half-hour shows will be streamed from the NETWORK and will provide the ultimate in fast-paced extreme sports all set to the newest music, Surfing, Jet skiing, Boat racing, Snowboarding, Skateboarding, BMX, Motocross, Cage-Boxing, AirSports & much, much more!
Norstar Media Entertainment is a media, marketing services, program content & event production group, representing media assets in the US, Europe & Asia. Their clients include Advertising.com, Interep, Virgin Digital, Winstar Interactive Media, Globalcast Satellite Television, Fredrick's TV Productions (Extreme Sports), GO Music Network, Telemundo, Ubiquity Media and several other media organizations.
"We are excited about having this content as part of our distribution NETWORK. This is the first for this content to be distributed through an Internet entertainment distribution portal. This is one of many content providers we will be working with. We are also working with the producers of XX Sports to determine how we may stream live the XX Sports events," said Laurence Norjean, CEO of eComm 3 Media, 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
Posts: 731 | From: OHIO | Registered: Jan 2006
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Cal-Bay International Subject of Fraudulent Press Release Regarding Bankruptcy Filing Mar 8, 2007 11:44:00 AM Copyright Business Wire 2007 CARLSBAD, Calif.--(BUSINESS WIRE)--
Cal-Bay International, Inc. (OTCBB:CBAY) announces the company has once again become the subject of a fraudulent press release posted on Yahoo Chat Boards claiming the company filed Bankruptcy in Nevada with alleged quotes from the company's President.
Cal-Bay International's board of directors today commented that this appears to be the work of the same parties who last year posted a bogus press release claiming ReMax was acquiring Cal-Bay International.
Cal-Bay's management believes there is a significant short position in the company's freely tradable shares, and the publishing of such a fraudulent statement has a significant downward pressure on the stock the shorts are able to cover at a significantly less price than the stock was originally sold for in the short sale.
President & CEO Roger Pawson stated, "Cal-Bay has not filed Bankruptcy nor were the reported comments in the bogus press release authentic. Cal-Bay will be in contact with the FBI today to report the crime and will divulge the names to the FBI of the identified parties from the previous fraudulent press release who are still under investigation."
FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. The Company assumes no obligation to update any of the forward-looking statements in this release.
Source: Cal-Bay Internationa
Posts: 360 | From: black hawk , colorado | Registered: Dec 2005
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ETIM (.0031) Featured in New York Times Article CEO Also Profiled in Regional Business Publication Mar 8, 2007 12:14:00 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 licensed image caskets and urns, has been featured in a New York Times article by sports business reporter Richard Sandomir. The piece appears in today's edition.
Interested parties who would like to see the article can visit www.NYTimes.com directly or the Eternal Image website (www.eternalimage.net) for a link to the story.
In the current issue of the Michigan-based Oakland Business Review, Eternal Image CEO Clint Mytych has been profiled as the publication's "Executive Profile." That story will also be available on the Eternal Image website later today.
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and leading manufacturer and marketer of licensed image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball(TM), Precious Moments(R) and the Vatican Library Collection(TM), as well as pet urns featuring the American Kennel Club(TM) and the Cat Fanicers' Association(TM). For more information about EI, visit www.EternalImage.net or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news 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 1993 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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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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