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EFGO(.0012) (formerly CHNW) Announces Garr Winters and Jack Chang Meeting in Texas
LAS VEGAS, April 13 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (formerly Cash Now Corporation - CHNW.PK) www.espritfinancialgroup.com advises that Esprit CEO Garr Winters and Jack Chang, head of the Company's Advanced Electronic Funds Management (AEFM) division will be meeting in Texas, beginning Monday, April 16th, 2007. The two executives will have a busy schedule over the first half of the week, closing the Global-Vision purchase, as well as meeting with key banks who will be providing back-end services for some of the electronic funds management products. This includes 'Cash Now 21' check clearing services and stored value card products. Mr. Winters noted that, "By mid-week, we expect to have put in place key banking resources to support some of our key international funds transfer products. Once that is accomplished, we will be in a position to close some of the outstanding deals for these services, and would expect to announce some Agreements in Principle and Letters of Intent for new business by the end of April. These are new business contracts that have not previously been announced or discussed, in keeping with our desire to be conservative in our projections and announcements". Mr. Winters added, "We don't want to let our enthusiasm get the better of us, but I feel comfortable saying that the AEFM division will be ramping up activity within a 30-45 day time frame. We have literally had some potential clients pushing pretty hard to turn on the switch to become fully operational. With our new ticker symbol in place, the clock starts ticking as of now. Jack Chang has been very busy behind the scenes, and has positioned this new division in a very able manner. Leveraging our corporate resources, Jack is ready to hit the ground running, as soon as all the i's are dotted and t's crossed". 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 www.cashnow.org . 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 reduced 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. Structured Debt Settlement: This division will offer services that allow banks, financial institutions and other creditors to invite defaulted clients to negotiate a settlement online, in a neutral and non-confrontational manner, bypassing traditional collection calls and mail delivered notices of default. 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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WHEAT RIDGE, CO -- (MARKET WIRE) -- 04/13/07 -- GeneThera, Inc. (OTCBB: GTHA) announced today that it is withdrawing the registration statement that it filed with respect to Imperial Capital Holdings. Genethera has also canceled the Agreements between the Company and Imperial Capital Holdings.
ABOUT GENETHERA, INC.:
GeneThera, Inc. is a molecular biotechnology company located in Wheat Ridge, CO. The Company provides genetic diagnostic solutions for the veterinary and agricultural industries with future plans to include the health-care industry. The Company's proprietary diagnostic solution is based on a genetic expression assay, GEA(TM). This platform enables GeneThera to offer tests that are presently not available from other technologies. The GEA is designed for a host of individual diseases, the current priority being Mad Cow Disease, Chronic Wasting Disease; E.Coli 0157:H7 and Johnne's Disease.
"Safe Harbor" Statement: This press release includes certain "forward-looking statements" for purposes of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties that could cause actual results to differ materially. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of Genethera's industry and competition.
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PZZL(.245) Look It's Me On TV Announces the "U R The Star" Series of 13 Photo Personalized DVD Cartoons for Children
Market Wire "US Press Releases "
DELRAY BEACH, FL -- (MARKET WIRE) -- 04/13/07 -- Look It's Me On TV now offers a new series of personalized photo DVD cartoons that puts any child in the picture. The "U R The Star" series of thirteen delightful adventures utilizes favorite children's themes and characters including the "Amazing Kid," "Circus Star," "Turbo Kid" (race cars), "Sports Hero" (baseball, football, hockey, and karate), "Snow White," "Little Mermaid," and "Hercules." Pizza International, Inc. (PINKSHEETS: PZZL) is the parent of Look It's Me On TV.
The collection also features "My Birthday," for boys and girls from 3 to 6 years of age. This personalized cartoon lets the birthday child take a hot air balloon ride, play in a rock band, ride in a rollercoaster, and steer a train through the mountains. The DVD is sure to become a keepsake and a memory of a special day. Retail is $29.95.
"We believe in viewable products that are both safe and entertaining for children to watch," says Tim Simpson, Chairman and CEO of Pizza International, Inc. (PINKSHEETS: PZZL), the parent of Look It's Me On TV. He also stated that more and more parents are once again assuming the responsibility of supervising what their children see and do. "This DVD series is parent-acceptable and has enough story variety to satisfy most boys and girls." In addition, this is Look It's Me On TV's first international offering, making four (4) of the titles available in Spanish.
The complete line of photo personalized DVDs and Videos, including the recently announced "I Am The Amazing Spider-Man"(TM) -- based on the animated series (MTV), a twenty-six minute cartoon adventure, are offered on line at www.lookitsmeontv.com .
Both companies are located in Delray Beach, Florida.
About Pizza International, Inc. (PINKSHEETS: PZZL)
Pizza International, Inc. was formed to answer current and future Internet preferences of families with children, couples, single adults, seniors, students, executives and office personnel seeking quality products and services that are easily accessible. Based on the fact that change is escalating, the company focuses on innovations and necessities capable of keeping up with technology and consumer demands. The company mission is to acquire or create unique Internet enterprises that offer but are not limited to the expedited access to entertainment, food, financial services, travel, learning, news and targeted information, and innovative consumer products through e-commerce. They also will provide a community of services that make Internet communication easier and safer. The first two acquisitions have included www.Pizza.Net, the largest Internet pizza search engine soon to incorporate on-line ordering, and www.LookItsMeOnTV.com, offering custom photo personalized DVD cartoons that put any child in the picture.
Legal Notice Regarding Statements Including Those That are Forward Looking.
The statements in this press release regarding real or implied expectations with regard to the future impact on the company's results from acquisitions or developed properties are forward-looking statements and are within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in the above document may also contain "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. Although every effort has been made not to include statements that involve risk and uncertainties, that may be the case and such statements are subject to change at any time. There are no anticipated results detailed in the above statements, however, actual results may differ materially from expected or implied results.
Contact: Delaney Masters Phone: 888-439-1510
Investor Relations Tim Simpson 1-888-439-1510 Email Contact
Pizza International, Inc. 255 NE 2nd Avenue Delray Beach, FL. 33444 888-439-1510
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MIAMI, April 13, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Zupintra Communications Inc. (Zupintra) a wholly owned subsidiary of Phinder Technologies Inc. (OTCBB: PHDT), is pleased to announce that it has finalized the credit insurance related to the $10,000,000 accounts receivable (A/R) financing as outlined in the Company's March 28th, 2007 press release.
"Closing the insurance was the last step in completing all the requirements necessary to fully utilize the A/R line. Zupintra is now in a very strong position to negotiate favorable contracts with international wholesale carriers," stated Lex van Arem, CEO of Phinder Technologies Inc.
The insurance covers over 25 countries, including but not limited to India, England, France, Italy, the Netherlands, Canada and the USA.
Zupintra will now be able to offer their services to tier 1 telecommunication companies. These companies have significant international voice traffic needs, representing a substantial business opportunity for Zupintra. Since Zupintra will now be able to finance up to $10 million dollars of sales per billing cycle, based on a 30 day cycle it is now in the position to fund up to $120,000,000 (one hundred and twenty million dollars) in annual revenue.
Phinder Technologies' core business runs through its wholly owned subsidiary, Zupintra Communications Inc. Zupintra is a facilities based wholesaler of international voice traffic within the carrier to carrier network. As a wholesale VoIP provider, Zupintra Communications Inc. signs both origination and termination contracts with next generation carriers and profits from negotiated rates.
FRANKFURT - WKN #: A0DQU5
In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, PHDT notes that statements contained in this announcement that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties. Accordingly, PHDT wishes to caution readers of this announcement that its future actual results may differ materially from those that any forward-looking statements may imply. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future. The above and additional factors are discussed in detail in the company's filings with the U.S. Securities and Exchange Commission. These may be viewed at www.sec.gov and many other Web sites without charge.
Copyright (C) 2007 PR Newswire. All rights reserved
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CNVT(.185) Reports Results for 2006 4/13/2007
WILLIAMSVILLE, N.Y., April 13, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- CVF Technologies Corporation (OTC Bulletin Board: CNVT) a holding company that is involved in the business of developing and managing early stage companies primarily engaged in the clean-tech sector today reported financial results for the fiscal year 2006.
2006 Financial Results - CVF's financial results can best be understood by examining the growth prospects for its portfolio companies and the strength of its balance sheet. In this report CVF will again emphasize these two areas. Judging CVF on its income statement alone is not very helpful due to significant changes in revenue and income that can occur from quarter to quarter and from year to year. An example of how this revenue fluctuation can occur is when CVF's ownership interest in one of its portfolio companies goes below 50%. The portfolio company may still have significant revenue as does Biorem whose revenue was cdn $12,008,000 for year ended December 31, 2006. However that revenue is not shown in CVF's income statement. It is therefore important to focus on CVF's business model which is to invest its capital and human resources primarily in early stage, clean-tech companies with significant growth potential. The intent is to develop these companies until they either go public as did Biorem in January 2005, or are acquired as was Gemprint in December 2005.
When these events occur there will be a significant increase in CVF's income, as there was in 2005, when Gemprint was sold. In order to pass this realization of value to its shareholders CVF may initiate a stock repurchase program as it did in 2006, when it repurchased a total of $1,626,400 of its preferred and common shares, or it may decide to issue dividends to its shareholders.
Portfolio Highlights - Biorem - (24% owned by CVF) had revenue of cdn $12,008,000 in 2006 (which is not included in CVF's consolidated revenue due to GAAP accounting rules) representing a new annual record for the Company after 6 years of continuous growth. The Company's long sales cycle and the variability in the size of the Company's orders may cause revenue fluctuations period to period. The reduced bookings toward the end of 2006 will slow the revenue in early 2007, however the majority of the new business opportunities remain intact and we expect those opportunities to be realized in 2007. The funnel of sales opportunities is significant and Biorem is aggressively working to convert these to orders in 2007. Working towards this goal, on April 3, 2007, Biorem announced a purchase order for cdn $1.6 million for odor control at a sewage waste plant in Hawaii.
Milestones reached by Biorem during 2006 were as follows:
-- The Company continued to invest in sales staff and research and development activities. In 2006, the new Mytilus(TM) biotrickling filter was introduced into the field with 5 installations now completed or in construction. The successful introduction of this product line has significantly broadened the sales opportunities for the Company. Biorem is now the only biological odor management company that has a comprehensive line of both biofilters and biotrickling filters for the growing market. -- Two new patent applications were filed for the use of a novel filter media in biofilters and biotrickling filters. In addition, new municipal Synergy(TM) products were introduced that incorporate combined biological processes for reliable treatment results over a broad range of air inlet conditions. -- Progress was made in new markets areas in industry as well as internationally. Two projects worth in excess of $2 million total were completed or in progress in 2006 for odor control in new municipal solid waste composting installations. Additionally, two municipal biofilter systems were installed in Israel with high customer satisfaction, further demonstrating Biorem's ability to compete for and expand its business internationally. -- In 2006 Biorem strengthened both the management team and the Board of Directors. New positions of Director of Municipal Sales and VP of Research were added, recognizing the importance of these two functions in both near term and short term growth. Sales managers located in each US sales region and a program to proactively manage the network of 26 manufacturers' reps provides improved representation across the continent that is expected to result in increased sales productivity. Internally, applications engineering and customer service groups were created to improve customer response and satisfaction. -- Two new board members were added in 2006 who provided excellent supplementary guidance to the Company in strategic direction for augmenting development of sales growth.
During 2006 Biorem completed a common share offering of 1,700,000 common shares at cdn $2.00 per share for gross proceeds of cdn $3,400,000. As of December 31, 2006 Biorem had cash and cash equivalents in the amount of cdn $4,449,000 and net working capital of cdn $5,817,500.
Xylodyne Corporation - (40% owned by CVF) In March and April of 2006 CVF invested $325,000 (Cdn) in Xylodyne Corporation, a newly formed company which focuses on the development and distribution of 4-wheel drive off road electric vehicles. These vehicles are offered to the personal recreational market as well as to government agencies, conservation authorities and the mining industry. Xylodyne is currently focusing its efforts on building its distribution network for its vehicles in the US and Canada. It has now signed dealers in New York, Delaware, Maryland, Massachusetts, and Ontario as it builds its US and Canadian dealer network for its electric vehicles. CVF owns 40% of the equity of the company plus holds a two year note for $313,000 (Cdn) from Xylodyne. Xylodyne achieved sales of $1,330,600 for its first calendar year (which represented 9 months of operations) and in 2007 Xylodyne will continue to aggressively work to expand its dealer network in the northeastern United States and Canada.
Ecoval - (85% owned by CVF) has made significant progress in Canada in 2006. Its licensee, Scotts Canada, has launched two additional herbicide sizes in 2006 for a total of three under the Scotts Ecosense brand name. The Ecosense herbicide is available in every major retail chain in Canada. Ecoval has also signed an exclusive distribution agreement with Plant Products the largest commercial, non-retail horticultural distributor in Canada for Ecoval's EcoClear herbicide product. The Scotts and Plant Products agreements are expected to make Ecoval's herbicide the most dominant of the non-chemical herbicide products in Canada. Ecoval now plans to leverage off its success in Canada to begin an aggressive marketing campaign in the US as it seeks out partners similar to what has been achieved in Canada. Ecoval is currently negotiating with several large multinational corporations to offer its herbicide product to the US market in an exclusive distribution or license agreement. This agreement when finalized has the potential to produce significant income to Ecoval in the future years. Ecoval hopes to complete these negotiations in the next 3-4 months. Ecoval is also in discussions with a number of companies to add additional products to the company.
G.P. Royalty Distribution Corporation. (formerly Gemprint Corp,) - (65% owned by CVF) was formed to receive potential royalty distributions from Collectors Universe Corp who purchased the assets of Gemprint in December 2005. The royalty agreement is for $1 for each Gemprint over 100,000 Gemprints per year until December 2010. Based on Collectors Universe's recent press releases they have made their G Cal diamond grading program a core part of their business model and Gemprint is a key component of it.
Petrozyme - (50% owned by CVF) is continuing to explore marketing opportunities for its proprietary biologically based remediation technologies for the petroleum and petrochemical industries. The company is seeking a partnership or licensing agreement with a major North American environmental company as well as licensing agreements in the Middle East.
CVF GAAP financial results for 2006 - On a consolidated basis CVF reported an increase in revenue of $1,054,700 for 2006 primarily due to an increase in sales from Xylodyne, its new investee company. It should also be noted that Biorem's revenue of cdn $12,008,000 for 2006 is not consolidated in CVF's financial statements as CVF owns less than 50% of Biorem.
Net loss for 2006 of $1,845,100 compared to income of $5,299,800 in 2005. This equates to a loss per share of $0.14 for 2006 compared to an income per share of $0.36 for 2005. This significant fluctuation of income is a result of CVF's business model, periodically realizing gains from the sale of all or a portion of its portfolio companies.
Three items accounted for the significant income in 2005 as follows:
-- CVF realized a net profit of $4,244,300 in 2005 from the sale of Gemprint. -- CVF realized gain of $1,541,600 in 2005 from sales of Biorem shares in 2005. CVF did not sell any of its shares in Biorem in 2006. -- In 2005 CVF's portion of Biorem's income was $90,000 compared to CVF's portion of Biorem's loss in 2006 of $188,100.
CVF Technologies Corporation (http://www.cvfcorp.com) is headquartered in Williamsville, New York. CVF is a technology development company, whose principal business is sourcing, funding and managing emerging pre-public, clean-tech companies with significant market potential.
Certain statements made in this press release which are not historical facts are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these statements involve risks and uncertainties, which may cause actual results or achievements to be materially different from any future results and achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, product demand and market acceptance risks for the products and technologies of CVF's subsidiary companies and investees; the impact of competitive products, technologies and pricing; delays or difficulties in developing, producing, testing and selling new products and technologies; the ability of the company's subsidiaries and investees to obtain necessary financing for their operations and to consummate initial public offerings of their stock; the effect of the Company's accounting policies; the effect of trade restrictions and other risks detailed in the company's Statement on Form 10-SB/A filed with the U.S. Securities and Exchange Commission and any subsequent filings with the Commission.
Robert L. Miller, Chief Financial Officer, +1-716-565-4711, or Jeffrey Dreben, President & CEO, +1-716-565-4711, both of CVF Technologies Corporation http://www.cvfcorp.com/
Copyright (C) 2007 PR Newswire. All rights reserved
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MDBY(.0025)Increased Revenues By 15% with Fish-Rite Boats
SEATTLE--(BUSINESS WIRE)--Madison Bay Holdings, Inc. (Pink Sheets: MDBY), a holding company engaged in the acquisition and merger of leisure product manufacturers, Recreational Vehicle manufacturers, boat manufacturers and other related businesses announced today that the company is experiencing a continued surge in revenues as a result of increased sales of Fish-Rite Boats.
As a result of contractual agreements with Fish-Rite Boats Madison Bay Holdings receives fees and commissions as sales are increased and certain projects are completed. In June, 2006 Madison Bay Holdings entered into an agreement to provide business development and sales services for Fish-Rite Boat Company.
Since entering into the agreement Madison Bay Holdings reports for the first quarter of 2007 indicate that Fish-Rite sales are increasing at a rate in excess of 15% and has sold the entire 2007 model years production through June, 2007. The nature of the agreement with Fish-Rite boat company provides Madison Bay Holdings with an increasing revenue stream as Fish-Rite sales increase.
Fish-Rite Boats is one of the leading, premier manufacturers in the world. The company has a 29 year history and excellent reputation as one of the premier manufacturer’s and designers of upscale “heavy duty” cruise and fish boats. The company offers a variety of over 20 models of aluminum cruise and fish boats in outboard, jet and inboard outdrive propulsion. Models range in size from 16 Ft. to 30 Ft. in length.
Ricardo Ruelos, Chairman and CEO, commented: “The Fish-Rite project is an exciting opportunity with long term potential for Fish-Rite and Madison Bay Holdings. The Fish-Rite boats are extremely well designed with an established brand name and strong customer loyalty built over a 29 year history.”
The company has excellent management and production capability along with the ability and commitment to finance and continue the growth of the company at an even higher rate. We have managed to expand the company on a national basis with new dealers in the east coast and internationally as we have a distributor in Europe that will be adding increasing sales and opportunities.
The relationship with Fish-Rite continues to grow and strengthen and we look forward to sharing increasing success and profits for many years.”
JD Dorsey, CEO of Fish-Rite added: “This has been an exciting year for Fish-Rite as our factory is operating at the highest rate we have experienced in the history of the company. With the assistance of Madison Bay Holdings our dealer base has grown to the largest number in our history and the quality of our dealers is stronger than ever.
We are pleased to have the involvement with Madison Bay Holdings and appreciate the services that have been provided and the improvements and success we are experienced. We expect to experience even greater increases and success along with the 2008 season and look forward to a continuing, long term involvement with Madison Bay Holdings. ”
About Madison Bay Holdings, Inc.
Madison Bay Holdings, Inc. is a marketer and distributor of Recreational Vehicles, Powerboats and Leisure Watercraft. The Company owns all equipment, designs and trademarks of Summit Coaches, the Recreational Vehicle (RV) division that specializes in manufacturing, marketing and selling upscale and feature-oriented RV trailers, including a flagship 38-foot RV, the "Stiletto." Madison Bay Holdings' marine division is involved in boutique leisure product distribution. Madison Bay Holdings also provides a variety of financial, marketing, and sales consulting services to boat manufacturers, dealers, distributors and leisure product/water sport companies.
Safe Harbor statement under the private Securities Litigation reform Act of 1995
This news release contains forward-looking statements, including statements regarding the Company's expectations about successfully selling its products and about the positive effects of the acquisition described herein. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from future results expressed or implied in such statements. These risks and uncertainties include the inability to manage expected growth, the failure to realize the increased revenues and improved operating margins that the Company has associated with sales of our products, the loss of any key personnel, our inability to introduce new products that are accepted by the market, the loss or non-performance of our sales representatives, unfavorable results of potential litigation, and the possibility that competitors could develop or acquire technology that could erode the Company's technical advantages. The Company disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements contained in this news release.
Contacts Madison Bay Holdings, Inc. Ricardo Ruelos, 206-932-9488 Chairman and CEO Ricardo*madisonbayholdings.com madisonbayllc1*aol.com
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DSDI(.09) Reports Year End 2006 Revenue Increase of 31.5%, CFO Elected to Board of Directors Apr 15, 2007 3:45:00 PM Copyright Business Wire 2007 AKRON, Ohio--(BUSINESS WIRE)--
DSI Direct Sales, Inc. (DSDI.PK) and its wholly-owned subsidiary, Digital Color Imaging, Inc., a leading provider of print communications and digital asset management solutions, released financial statements today for the years ended December 31, 2006 and 2005. DSI also announced that the company's CFO, Dr. David F. Hostelley, CPA, has been elected to the board of directors.
DSI's consolidated statements report Y/E 2006 revenue of $4.76 million, an improvement over revenue of $3.62 million for Y/E 2005. This 31.5% increase is directly related to increased utilization of Digital Color Imaging's Heidelberg(R) six color Speedmaster CD 74 print press, a highly automated press delivering cost advantages through enhanced speed and unsurpassed flexibility on short and long runs, which was fully operational at the beginning of 2005.
The Company's total cost of sales for Y/E 2006 were approximately $3.05 million, or 64% of sales, compared with Y/E 2005 of $2.54 million or 70% of sales. The improvement can be directly related to improved operations, which resulted from moving to a new, state-of-the-art facility while lowering occupancy expense, and the installation of new print equipment. S, G, & A expenses were $1.47 million for Y/E 2006 as compared with $0.93 million for Y/E 2005. The increase was primarily attributed to increased personnel to support increased sales volume, which amounted to $363 thousand. Also contributing was $196 thousand for the use of outside contactors' services for building maintenance and repairs, now that the company owns its own facilities. Net income for Y/E 2006 showed substantial improvement, coming in at $317,646 versus a net loss of $51,993 for Y/E 2005. During 2005 the Company was ramping up and incurred such costs as necessary to allow for increased sales and profitability for 2006.
DSI's CEO, Dave Welner, stated, "We were pleased to close 2006 on a positive note, and are aggressively working toward an estimated unprecedented sales increase of 26%, to $6 million, for 2007. This growth is anticipated to be driven largely by the added capabilities we now offer with the addition in December 2006 of a new Xerox iGEN3(R) 110 Digital Production Press, which will be fully operational throughout 2007. This equipment gives us the capability to offer customized web-to-print solutions on demand, extremely flexible production of one-to-one personalized marketing communication pieces with variable relevant content, digital books and manuals, short run offset transfer, and cross media marketing campaigns."
David Hostelley, DSI's CFO, commented, "We're pleased that our Y/E 2006 net income was better than the projected results we expected. This was principally due to the efforts of our dedicated and experienced staff, with an average tenure of 13 years. Given our cost reductions, spending discipline, renovated facilities and new equipment that allows us to offer broader services, we expect efficiencies to continue in the coming year."
On the appointment of Dr. Hostelley to DSI's Board of Directors, Mr. Welner said, "We were fortunate to have someone of David's caliber as our CFO these past two years. This appointment acknowledges his hard work and countless contributions to improving our financial structure and efficiency while in the CFO role. We look to David to play a key leadership role in the Company going forward, and congratulate him on his accomplishments and dedication to DSI Direct Sales and Digital Color Imaging." Dr. Hostelley will remain the company's CFO as he takes on his additional duties on the Board.
About Digital Color Imaging:
Digital Color Imaging (http://www.dcimage.com) is a leading full-service strategic partner for prepress and digital printing needs. DCI provides direct imaging, web to print solutions, large format printing, multi-media production, and print personalization for 1:1 direct marketing campaigns. Services also include digitally drum-scanned separations, high-end retouching and page assembly, and high quality film output. With "The Vault", DCI serves as a remote data librarian, housing client's valuable digital assets and organizing them in an easy-to-find fashion to reuse or repurpose with ease.
The statements contained in this press release contain certain forward-looking statements, including statements regarding the company's expectations, intentions, strategies, and beliefs regarding the future. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without the control of the company's management. DSI Direct Sales, Inc. assumes no obligation to update any forward-looking statement contained in this press release.
Source: DSI Direct Sales, Inc.
---------------------------------------------- DSI Direct Sales Inc. Dr. David Hostelley 330-762-6959
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FBVG(.027) Signs Production Agreement for New Business Apr 15, 2007 6:44:00 PM Copyright Business Wire 2007 VALENCIA, Calif.--(BUSINESS WIRE)--
Fire Mountain Beverage Company and subsidiaries (Pink Sheets: FBVG) announced today that it has signed a production agreement with a company to produce up to 80 truckloads of water monthly (approximately 4 daily), to be exported into Mexico (financial details of this deal are still forthcoming). The products will be produced at the Company's newly acquired facility located in southern California and production is slated to begin in a few days.
According to Anthony K. Miller, CEO, "this is the largest individual order we have received-to-date and as previously mentioned we are actively focusing on the production side of our business. We are daily producing and shipping orders at the plant and our strategic goals are to expand our current FBVG products into the distribution channels of our new clients. We are experiencing rapid growth this year as we transition from primarily marketing to both marketing and production. In the coming weeks we intend to launch our energy drinks, re-establish our newsletters and release new images and video on our website to accomplish what we have previously promised. We thank you for your support and patience."
Fire Mountain Beverage Company bottles, develops, markets, sells, and distributes branded purified, spring water and oxygenated-vitamin-flavored water beverages and co-packs and markets a wide range of beverages. The Company products are orientated to the health conscious consumer looking for alternatives to tap water and carbonated beverages containing sugar, caffeine, sodium and carbohydrates. Fire Mountain's customer base includes single and multi-store retail operations, governmental agencies, distributors, convenience stores, schools and other outlets. These products take advantage of current market trends in the beverage industry that enhance the quality of life.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act: Statements in this news release may contain forward-looking information within the meaning of Section 27a of the U.S. Securities Act of 1993 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties, which may individually or mutually, impact the matters described herein. There can be no assurance that such statements will prove to be accurate, and the actual results and future events could differ materially from those anticipated in such statements. The company assumes no obligation to update the information contained in this release. Readers should not place undue reliance on any forward-looking statements contained herein.
Source: Fire Mountain Beverage Company
---------------------------------------------- Fire Mountain Beverage Company Anthony K. Miller CEO 661-362-0716 info*firemountainbeverage.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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mPhase Technologies CEO Ronald A. Durando and Steve Simon, EVP R&D, to Speak at NanoBusiness 2007; Major Announcement by the Company Expected
Monday , April 16, 2007 07:30ET
LITTLE FALLS, N.J., Apr 16, 2007 (BUSINESS WIRE) -- Principals of mPhase Technologies, Inc. (OTCBB:XDSL), a cutting edge company at the forefront of the nanotechnology industry, will speak at the 6th Annual NanoBusiness Alliance Conference April 17th, at the New York Marriott Marquis. mPhase Technologies President and CEO Ronald A. Durando and Executive Vice President of R&D, Steve Simon expect to make a major announcement on behalf of the company at 3:30 p.m. on the 7th floor at the venue.
mPhase will showcase its two market-changing products at the NanoBusiness 2007 conference - a "smart" nanobattery capable of producing current on demand after long term storage, as well as an ultra sensitive magnetometer with orders of magnitude improvements in sensitivity.
During his presentation, Mr. Simon will provide an overview of the company's nano projects and mPhase Technologies' rapid progress toward commercialization of its smart nanobattery. Additionally, he will chart out the many market opportunities for the company's ultra-sensitive magnetometer. According to Mr. Simon, there is a significant market waiting to be tapped: "We believe that nanotechnology could capture a significant portion of reserve and primary battery market share for the military market as well as many new evolving opportunities," Mr. Simon stated.
Mr. Durando expects to make a major industry announcement concerning the company's future plans at the NanoBusiness 2007 conference. "We're extending the frontiers of nano science with each passing day," Mr. Durando said. "This is a very exciting time for all of us at mPhase Technologies and indeed everyone in the nanotechnology industry. We're proud of our research and products and our industry colleagues who are pioneers in the dawn of the new era of nanotechnology."
Prior to Mr. Durando's address, Mr. Simon in his presentation will discuss market drivers for the company's products, multiple battery and energy classifications, the nanobattery's elements and advantages, membrane battery design, smart arrayed nanobattery configurations, nanobattery activation, future applications of the nanobattery beyond its prototype, the company's growing portfolio of products and services; and future market opportunities for the nanobattery category.
This is the fourth consecutive year that mPhase has participated as exhibitor and sponsor at the three-day event. The venue is expected to attract hundreds of business leaders, investors, venture capitalists, scientists, engineers, government officials and visionaries who are driving the nanotechnology revolution.
For complete event information, please visit http://www.nanobusiness2007.com . For information on sponsoring or exhibiting at NanoBusiness 2007, please contact Vincent Caprio - vince*nanobusiness.org .
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTC: XDSL) develops and commercializes next-generation media-rich entertainment software and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. The company was awarded the Frost & Sullivan 2006 Energy Storage Award for the Nanobattery in September and earlier received the 2005 Frost & Sullivan Excellence in Technology Award, and the Nano 50 Award from NASA Nanotech Briefs, is bringing nanotechnology out of the laboratory and into the market with a planned innovative long life power cell. Additionally, the company is working on prototype ultra-sensitive magnetometers that promise orders of magnitude increases in sensitivity as compared with available un-cooled sensors. More information is available at the mPhase Web site at www.mPhaseTech.com
Safe Harbor Statement
This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management in light of current conditions, expected future developments and other factors it believes to be appropriate. Actual results may differ as a result of factors over which the companies have no control.
SOURCE: mPhase Technologies Inc.
Investor Relations: Rubenstein Investor Relations. Tim Clemensen, 212-843-9337 tclemensen*rubensteinir.com or Media: Public Relations Rubenstein Associates Peter Hamilton, 212-843-8015 phamil*rubenstein.com
Copyright Business Wire 2007
-------------------- " Cash is King " Posts: 1102 | From: NJ | Registered: Mar 2006
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posted
James Monroe Capital Corp. (JMCP) Announces Its Chief Financial Officer BusinessWire
James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love, stated, "Now that we are a 100% bona fide Oil Company with several large Oil deals signed and sealed, it's time to announce who our Chief Financial Officer is."
Mr. Anthony (Tony) Gouveia CFO:
Mr. Gouveia is a CFO or Director of a number of companies in various industries. His expertise is focused on acquisition of capital, sale and acquisition of companies, IPO process and formulating effective business strategies to maximize return to shareholders and investors. Mr. Gouveia was the Vice President of Finance and Corporate Controller for the Unilab Corporation (Unilab). Mr. Gouveia was involved in the following regarding his tenure at Unilab: (1) taking the company public raising $125 million; (2) subsequent to the IPO, the company sold 9.2 million shares in a secondary offering; and (3) the company was sold for approximately $900 million. The market cap of Unilab, when Mr. Gouveia joined the company, was under $200 million. Unilab's IPO was considered one of the most successful IPO's as reported by The Wall Street Journal. Unilab had the highest profit margins in the industry. Prior to Unilab, Mr. Gouveia was the CFO for Winston Tire Company (Winston). In two years, Mr. Gouveia improved annual cash flow by $2 million increasing the value of the company by $20 million, acquired 3 companies and integrated their operations and developed a long-term plan to reverse 10 years of losses prior to Mr. Gouveia joining the company, which was on target during his tenure at Winston. Mr. Gouveia spent several years as an auditor for large international accounting firms.
Mr. Gouveia's approach will be to assist Mr. Love to invest our financial resources in a disciplined manner to provide the best possible return to investors/shareholders. This means focusing on the right businesses/products. Mr. Gouveia stated, "As CFO, I will assist Mr. Love in evaluating our businesses/products to ensure that they meet our standards for financial performance, growth and return on investment."
Love further stated, "This caliber of Chief Financial Officer, directly reflects the direction in which James Monroe Capital Corp. is headed."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: James Monroe Capital Corp.
James Monroe Capital Corp. Frank Love, 254-458-0473
-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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posted
The Fight Network Delivers KO With Gotham Boxing 9:00 AM ET - Market Wire Blackout Media Corp.'s (PINKSHEETS: BKMP) The Fight Network -- North America's first and only all combatant sports and entertainment channel is pleased to announce that it has reached an agreement with legendary boxing promoter Cedric Kushener to air his new Gotham Boxing series. "Cedric's been around for a long time and knows how to put together great cards. We're thrilled to be working with him," said Brian Sobie, Vice-President of Programming for The Fight Network.
The Gotham Boxing series will be headlined by some of the sport's most exciting performers -- Heavyweight David Tua, Irish hero John Duddy and heavyweight contender Shannon Briggs. "All these guys love to throw bombs," said Sobie. "These are going to be fun shows to watch."
Gotham Boxing will be especially interesting for boxing fans as the winners of these fights set themselves up for title shots in the near future.
About The Fight Network
The Fight Network is a cross-platform media company with brand interest in television, pay-per view, radio, mobile and web. All five of these media are seamlessly integrated to offer fans of combatant sports and related entertainment a true convergence experience. The Fight Network Inc. corporate headquarters is located in Toronto, Canada. The Fight Network's Website is: www.thefightnetwork.com.
About Blackout Media Corp.:
Blackout Media Corp. is a holding company with an interest in Blackout Communications who is a diversified media and entertainment company conducting operations in digital television, VOD, PPV, radio the Internet and print under the brand name "The Fight Network." The activities of Blackout Media Corp. are conducted principally in Canada and the United States.
Safe Harbor
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Investor Relations: CONTACT: Blackout Media Corp. Fax 416 348.9418 E-mail ir*blackoutmedia.com Media Contacts: Stephen Murdoch OEB International c/o The Fight Network Inc. Public Relations/Public Affairs Tel: (905) 682-7203 extension 22 Fax: (905) 682-7481 E-mail: smurdoch*oeb.com URL: www.thefightnetwork.com / www.liveaudiowrestling.com SOURCE: Blackout Media Corp.
-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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