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NWBD(.065) IP Gear Completes Major Recapitalization New World Brands, Inc. (OTCBB:NWBD) (dba “IP Gear”) today announced the conversion of all of its outstanding Series A Convertible Preferred Stock into shares of Common Stock of the Company. A majority of the Series A shares were previously issued to Qualmax, Inc., upon the reverse acquisition of the Qualmax business in late 2006.
The conversion of approximately 116.67 Series A shares into approximately 348.4 million shares of Common Stock was triggered by the Company’s filing of a Restated Certificate of Incorporation with the Delaware Division of Corporations on April 24, 2007, in accordance with the terms of the Asset Purchase Agreement between Qualmax and the Company. The restated Certificate increases the amount of authorized Common Stock from 50 million shares to 600 million shares.
Following the conversion of the Series A shares, the amount of the Company’s Common Stock outstanding has increased from approximately 44.3 million shares to approximately 392.7 million shares. Of these, approximately 372.3 million shares, or approximately 94%, are held by affiliates of the Company, and approximately 356 million shares, or approximately 91%, are subject to certain lock-up restrictions through as late as December, 2008. The new shares of Common Stock have not been registered for sale and will only be subject to resale in accordance with Rule 144 of the Securities Act of 1933.
The Restated Certificate of Incorporation also provides for a staggered board of directors, which will result in one third of the directors standing for election in any year.
Commenting on the recapitalization, David Kamrat, IP Gear’s Chairman and CEO, said, “The conversion of the Preferred Stock into Common Stock is an important step in recapitalizing the Company in connection with the Qualmax acquisition. The reverse acquisition, together with the sale of New World’s former wine and spirits business, has repositioned the Company to become a player in the huge VoIP telecommunications market with Qualmax’s cutting-edge IP Gear hardware and software solutions for small and medium enterprises (SMEs).” Mr. Kamrat added, “We firmly believe that the new direction of the Company will ultimately provide increased value to both our existing and new shareholders.”
For more information regarding the Company’s Amended and Restated Certificate of Incorporation, please see the Company’s Current Report on Form 8-K to be filed with the SEC on April 30, 2007. Information related to the lock-up provisions for the converted shares, and a copy of the lock-up agreement, is available on a Current Report on Form 8-K filed on January 8, 2007. Details of the Asset Purchase Agreement are available on a Current Report on Form 8-K filed on September 21, 2006.
About New World Brands [IP Gear]
New World Brands (dba IP Gear) provides easy-to-deploy VoIP gateway solutions for SMEs (small and medium sized enterprises) transitioning to next-generation converged networks. The Company is also a value added reseller (VAR) of telecommunications equipment with a range of mid-level carrier and VoIP service provider customers, and a provider of direct call routing services.
We caution readers that this Report contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, written, oral or otherwise, are based on the Company’s current expectations or beliefs rather than historical facts concerning future events, and they are indicated by words or phrases such as (but not limited to) “anticipate,” “could,” “may,” “might,” “potential,” “predict,” “should,” “estimate,” “expect,” “project,” “believe,” “think,” “intend,” “plan,” “envision,” “continue,” “intend,” “target,” “contemplate,” or “will” and similar words or phrases or comparable terminology. Forward-looking statements in this release also include statements about business and economic trends. Many factors may cause our actual results to differ materially from those described in forward-looking statements, including without limitation those described under “Certain Risk Factors” in our Annual Report on Form 10-KSB, as filed with the SEC on April 17, 2007, and specifically including the risk that management’s assumptions and analysis of the potential market for existing and new products, and our competitive position in that market, prove untrue, and the risk that management will not be able to successfully address changing market conditions.
The Company also disclaims any duty to comment upon or correct information that may be contained in reports published by the investment community.
IP Gear Inc. Tracy Habecker, 541-868-2900 tracy.habecker*ipgear.net
Source: Business Wire (April 27, 2007 - 4:21 PM EDT)
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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FMLY(.0008) Outstanding Shares Family Room Entertainment Corporation (OTCBB:FMLY) would like to announce that, as of April 26, 2007, it has 829,008,000 outstanding shares.
About Family Room Entertainment:
Family Room Entertainment Corporation, with its subsidiaries Emmett Furla Films Productions (“EFFP”), Emmett Furla Films Distribution (“EFFD”) and EFF Independent (EFFI”), is a publicly held company trading on the NASDAQ Bulletin Board under the symbol “FMLY.” Family Room Entertainment develops, produces and performs production-related services for the entertainment industry. Family Room Entertainment’s goal, through EFFI and EFFP, is to facilitate relationships (and as such, provide production-related services) between creative talent (including writers, actors and directors) and companies who produce, finance and distribute motion pictures. FMLY derives its income from producer fees, production consulting and service fees and royalties as well as participation in the profits, if any, of certain of the pictures it produces.
The FMLY co-founders, Randall Emmett and George Furla, believe that they have the expertise and contacts within the entertainment industry, specifically in the competitive development, production and distribution arenas, to profitably acquire content, package product by adding value to the content with top quality talent and arrange with third parties to produce and finance motion pictures which are in the moderate to higher level budgets, which can be distributed by those with the expertise to effectively do so to a mass worldwide audience. However, there is no assurance that any motion picture, which has not yet been released, will be released, that a change in the scheduled release dates of any such films will not occur or, if such motion picture is released, it will be successful.
Forward Looking Statement:
Safe Harbor: Statements contained in this news release, which are not historical facts, are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause results to differ materially from those projected.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "ACT"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "expect," "intend to" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the ACT and are subject to risks and uncertainties, and actual results could differ materially from those expressed in any forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
Family Room Entertainment Corporation IR Contact: M. Dal Walton, III Phone: 310-659-9411 x127 Email: ir*fmlyroom.com
Source: Business Wire (April 27, 2007 - 6:57 PM EDT)
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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DSDI(.09) Announces Wholly Owned Subsidiary, Digital Color Imaging, Inc. Invests to Build Cutting Edge 1:1 Marketing Communication Campaign Capability Company Installs New Xerox iGen3™ 110 Digital Print Production Press to Meet Growing Demand
Digital Color Imaging, a wholly owned subsidiary of DSI Direct Sales, Inc., (DSDI.PK) and leader in print communications and digital asset management, announced today dramatically enhanced capabilities with the recent installation of the new Xerox iGen3™ 110 Digital Print Production Press.
Dave Welner, Digital Color Imaging’s CEO, stated that “We are committed to staying on the leading edge of print and communication technologies, providing our customers and partners with the knowledge and ability to produce the best possible work, cost-effectively. This equipment and its technology have revolutionized our digital printing production capability with automatic make-ready and collation, the ability to mix stocks within a run, and built-in intelligence to maintain color fidelity and registration. With Variable Information Printing, we can now customize, personalize, and add more value to every page. We can use customer data captured from client CRM databases, web sites, and call centers to drive variable text, images, and graphics in personalized 1:1 marketing communication materials. Variable information printing enables Digital Color to support high-value customer marketing programs, while increasing customer loyalty and response rates.”
The marketplace for personalized direct marketing materials is growing. In a report recently released by The Winterberry Group, spending on direct mail is forecasted to grow by 6.75% in 2007, and 6% in 2008. This trend is anticipated to continue through 2009, when the forecast for overall spending on direct mail services will reach $73.6 billion, a 6.8% compound annual growth rate per year for 2005 to 2009.
For every $1 a company spends on print, another $6 is spent on content and fulfillment, making content a $1 trillion market. This new technology in digital printing gives Direct Color Imaging the ability to now more deeply penetrate this market, offering web-to-print solutions (collaterals on demand, web fulfillment, and co-branding/channel support documents), cross media communications (linking print with web and e-mail campaigns), and personalized communications with variable relevant content.
Beyond just direct mail, Digital Color can now assist clients to build cross-media personalized campaigns, linking one-to-one print pieces with personalized URLs they provide to their customers. These web-based applications can give visibility into campaign performance, allowing communication relevancy to be continually improved based upon detailed information capture and purchasing trends.
Dr. David F. Hostelley, the company’s CFO and Director, commented, “Continuously improving the efficiency of our operations is not only good for us, but also the right thing to do for our clients and shareholders. For instance, we can now run up to 6,600 full process color letter-size 4/0 impressions per hour, dramatically increasing our efficiency and therefore reducing critical costs to both us and to our clients. This capability will be a significant driver of revenue for us in the coming year.”
“The iGen3 gives us the flexibility to say ‘yes’ to more customers, because now short runs don't have to be so short and turnaround is even faster,” Mr. Welner added. “Every page can be customized and personalized. We can combine color with black and white, print on demand books, catalogs, brochures, direct mail, inserts, and flyers with brilliant graphic arts quality.”
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. iGen3™ is a registered trademark of Xerox Corporation.
Digital Color Imaging Mr. Dave Hostelley, 330-762-6959 CFO and Director
Source: Business Wire (April 29, 2007 - 7:20 PM EDT)
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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VSNI(.0052) Brower Piven Announces Class Action Lawsuit Against Viseon, Inc. The law firm of Brower Piven, A Professional Corporation, today announced that a securities class action was commenced on behalf of shareholders who purchased or otherwise acquired the common stock of Viseon, Inc. (OTCBB: VSNI) between November 3, 2004 and May 15, 2006, inclusive (the "Class Period").
The case is pending in the United States District Court for the Northern District of Texas, Dallas Division. The action charges that defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market throughout the Class Period, which statements had the effect of artificially inflating the market price of the Company's securities.
No class has yet been certified in the above action. If you are a member of the proposed class, you may retain counsel of your choice, and you may move the court no later than June 18, 2007 to serve as a lead plaintiff for the proposed class. In order to serve as a lead plaintiff, you must meet certain legal requirements. To be a member of the proposed class you need not take any action at this time.
If you acquired shares (or purchased call options or sold put options) of Viseon, Inc. during the Class Period indicated and want to discuss your legal rights, you may e-mail or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. David Brower and Charles Piven have combined experience in securities and class action litigation of over 40 years. You may contact Brower Piven at The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202, by email at hoffman*browerpiven.com or by calling 410/986-0036.
CONTACT: Brower Piven, A Professional Corporation Baltimore, Maryland Charles J. Piven 410/986-0036 Email Contact
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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LEWISBURG, Ky., April 30 /PRNewswire-FirstCall/ -- After receiving positive results from Apex GeoScience LTD this past winter, management for Delta Mining and Exploration (OTC: DMXP) has concluded that the best way for the company to move forward and attract outside investment and joint venture capital is to authorize a share restructuring program. Therefore, the Board of Directors has a passed a resolution authorizing a reverse split of the shares of the Company's capital common stock issued and outstanding on a one (1) share for one hundred (100) shares basis.
As part of the process, the company has amended its Certificate of Incorporation with the State of Nevada and has applied for a new ticker symbol and Cussip number. Notification has been received that the new symbol and share structure will be effective on or around May 4, 2007.
Once the new symbol is issued Delta will make an immediate announcement. This is all done electronically and investors currently holding an equity position in the company will see the new symbol on their accounts without having to do anything.
There were many reasons for this reverse. The most obvious is that the company has a bright future and wants to further conduct exploration on the Homestead and other properties. To do so, it needs to either raise money or partner up with groups who would be willing to take on part or all of the cost. The problem that the company ran into was that it became increasingly difficult to move forward with the current share structure.
According to Delta CEO, Brett Rodli, "The decision to initiate the reverse-split of the stock needed to be taken to better position the company for the future. The 'cost' of not reversing the stock could have a greater impact for negotiating future financial and/or partnering agreements. We are anxious to complete the reverse and pursue further exploration of our properties."
So Mr. Rodli, along with the Board of Directors decided that now is the best time to file the necessary paperwork for the reverse and to take advantage of the positive results it has received.
Once the share price is reflected by the reverse and the new share structure is in place, management will once again aggressively pursue financing and/or a joint partnership in order to complete the major bulk sampling that has been recommended.
About Delta Mining and Exploration, Corp: http://www.deltamine.com: Delta is a mineral exploration company with an extensive portfolio of diamond properties in Montana, USA and in Bolivia, South America. Delta controls some 7500 acres throughout Montana located within the Wyoming Craton where much of North America's diamonds have been found.
NOTE: Safe Harbor for Forward-Looking Statements.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
SOURCE Delta Mining and Exploration
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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XTMS (.0018) President and CEO of Xtreme Motorsports Provides Important Shareholder Update Regarding Current Business Initiatives
Market Wire "US Press Releases "
BAKERSFIELD, CA -- (MARKET WIRE) -- 04/30/07 -- Today Alan McCaa, President and CEO of Xtreme Motorsports of California, Inc. (PINKSHEETS: XTMS) ("Xtreme" or the "Company"), provided an update to shareholders regarding its current initiatives:
"It has been several weeks since Xtreme has been in a position to issue a press release regarding its current business, operational and capital markets initiatives. Unfortunately, the majority of these initiatives were in a state of flux and required additional development before we could update shareholders.
CUSIP Change:
-- This process has taken longer than expected. With the CUSIP change, NASDAQ required a corresponding ticker symbol change. -- We had been working through the change process with the hope that would not need to change the ticker symbol. -- We expect to provide details regarding the CUSIP and ticker symbol change as soon as we hear from NASDAQ. -- As shareholders are aware from our March 22 press release, the CUSIP change is part of an extensive program to address the illegal naked short selling of Xtreme's stock. Additional details regarding the company's NSS strategy will be clarified in a press release to follow shortly.
Share Reduction Program:
-- While the time frame to complete the share reduction has been extended, it has certainly not been on the back-burner. We continue to request return of shares from those who have agreed, but have been made aware that significant numbers of shares have been "lent out" to market makers. -- We regret this program has taken longer than anticipated, but the administrative procedures required to accomplish the return of shares are out of our control. As soon as we confirm receipt of the shares to be cancelled and retired, we will inform shareholders immediately. -- In the meantime, we have entered into certain arrangements with service providers and have agreed to issue shares of stock in lieu of cash. The goal remains to reduce the total issued and outstanding by 47% as we had previously announced, but the company may not ultimately reach this goal to the extent that we utilize Xtreme's common stock to fund strategic growth plans to include, among other programs, the acquisition of complementary businesses. -- The issuance of stock to any business that we might acquire would provide immediate revenues, profit and assets to Xtreme, and we believe this to be a wise use of our common stock. -- To increase transparency, the company will release a certified share structure list from its transfer agent at the end of each month in the form of a press release with clarification of any increase or decrease from the prior month's report. This will allow the company to ensure the accuracy of all information released to the public.
Current Operations:
-- Shareholders may be surprised to learn that Xtreme currently has open quotations amounting to approximately $150 million. We are in the process of designing, engineering and otherwise negotiating these contracts. We need to make it clear that these quotations do not necessarily represent revenue for this year or next. It represents potential business opportunities that may or may not be secured over the next few years. The company has not informed shareholders via press releases of these opportunities as they arise because we believe in providing realistic information and not "hype." Currently, Xtreme has booked contracted sales for the first quarter of 2007 amounting to approximately $2.5 million. This does not include approximately $1.0 million in quotations that management believes will convert to sales in the coming months, but are undergoing design and engineering that may increase the aggregate sales for the year.
Branding
-- We have undertaken a program to fully protect the intellectual property of Xtreme to include new branding, trade marking, and marketing programs. The branding program includes a full Xtreme clothing line which will be available for sale in the summer or fall of 2007. -- Furthermore, the company has filed applications for two patents related to the utility-vehicle market. At this point, the company is not releasing details of these patents, for obvious reasons.
Dealers and Global Expansion
-- The company currently has signed 4 dealerships under its dealer program and 3 additional dealers are under letters of intent ("LOI"). The dealers under LOI are currently examining their operations to ensure they will be able to accommodate the terms of the dealer agreement, such as floor space, maintenance and signage requirements. -- The dealer program has been more successful than we had anticipated, and therefore has required more thoughtful attention and time by Xtreme's management and staff. Instead of anticipated revenues of $1 to $2 million per dealer per year, dealers are looking to purchase up to $25 million or more in sandcars per year. -- Our international expansion efforts are ahead of schedule by 8-10 months. -- This has placed significant additional requirements upon management and staff to plan and manage.
Clearly, the growth we are experiencing has resulted in the need to redesign purchasing, logistics, staffing, partnerships and a host of internal processes we did not expect to address this year or even next. Even though we only completed a refit and redesign of our facilities in January, we currently need to move our operations to a space at least three times the size of our current manufacturing footprint in order to meet current and future demand for the foreseeable future. We are looking to the future and need to be careful in our planning to ensure operational excellence.
I would like to ensure shareholders that all of our efforts over the last month have all been under the mindset of increasing shareholder value. We are as distressed and confused over the fact that our current stock price and market capitalization does not reflect the fair value of the company under any common measures of stock price appreciation potential such as "multiples of revenue" or other such metrics. In addition to the CUSIP and ticker symbol change, we have taken additional legal measures with regard to naked short selling to protect our company and our shareholders. Once these legal measures have been put in motion, we will provide explicit details in a press release to ensure that our shareholders are fully informed."
- Alan McCaa, President and CEO
About Xtreme Motorsports of California, Inc.
Xtreme Motorsports is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Xtreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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LPTI (.04) Cost Benefit Study Supports the Use of Longport's Technology in Pressure Ulcer Prevention
Business Wire "US Press Releases "
GLEN MILLS, Pa.--(BUSINESS WIRE)--
Longport, Inc. (OTC PK: LPTI), a medical technology specialist in high-frequency high resolution ultrasound imaging, today announced interim results from a cost benefit study supporting the use of its EPISCAN I-200 system as an evidence based pressure ulcer prevention tool. Study results showed an expected cost-savings per at-risk resident of $5,341.00 per year with use of the EPISCAN in concert with current practice standards for pressure ulcer prevention when compared to current pressure ulcer prevention measures alone. Statistical Analysis using Monte Carlo simulation showed the use of the EPISCAN Ultrasound diagnosis to be the preferred option 73.7% of the time and that the decision to use the EPISCAN was very robust and changed only when the incidence of pressure ulceration was below 3.0% in the standard evidence-based group.
The study, which is still on-going, is being undertaken at an extended care rehabilitation nursing home in upstate New York. These interim findings are being presented by Ron Shannon, the principal investigator at the Symposium on Advanced Wound Care (SAWC) and The Wound Healing Society (WHS) meeting in Tampa, Florida (April 28 - May 1, 2007).
Mr. Shannon said, "The timing is right for a cost-effective, diagnostic tool that will give early insight into non-visible pressure ulcer injury so treatment and prevention can begin early. The morbidity associated with the development of pressure ulcers increases patient suffering, nurses' workload and risk of death. Pressure ulcers also increase the length of stay and resultant expense of hospitalization, hardly affordable consequences in today's era of health care economics. We conclude that the EPISCAN, in extended care rehabilitation units, is a cost-benefit to providers for preventing costly pressure ulcers."
Connie Phillips-Jones, RN, MSN, Director of Clinical Support, said, "This is an exciting conclusion and supports the use of the EPISCAN I-200 and will contribute to clinical acceptance based on evidence."
Further details on this presentation and other clinical study papers can be viewed at the News section of Longport's WEB site.
Longport, Inc. of Glen Mills, Pennsylvania, is a medical technology company that specializes in high resolution ultrasound imaging. After several years and a multi-million dollar investment in the technology, Longport has secured patents, copyrights and FDA permission to market. The Company's technology has been used to engineer a unique high resolution ultrasound imaging system. For further information please contact Longport, Inc. at 1-800-289-6863 or visit our website at www.longportinc.com.
Forward-looking Information and the Private Securities Litigation Reform Act of 1995
Certain statements in this press release, including statements concerning product development milestones and anticipated events, are "forward-looking statements" within the Private Litigation Reform Act of 1995. Forward Looking Statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect Longport's actual results include, among others, uncertainties as to the Company's ability to manage potential problems, delays or anticipated expenses, including problems, delays or expenses involving manufacturing. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only to the date of this release. Reference is made to Longport's 2004 annual report on Form 10-K filed with the Securities and Exchange Commission for a more definitive description of such factors. Longport, Inc. undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Source: Longport, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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AGHD (.0002) Completing Final Due Diligence on Beijing Hotel
PR Newswire "US Press Releases "
VINELAND, N.J., APRIL 30 /PRNewswire-FirstCall/ -- AuGRID Global Holdings Corp. (Pink Sheets: AGHD), a holding company that acquires and manages a diverse range of businesses, today announced that CEO MJ Shaheed has performed final due diligence on the first of a number of Chinese-based assets which the Company plans to acquire; a new hotel in Beijing with an estimated value of approximately US $42,000,000.
"I believe the accountability and accuracy in our Company has to begin and end with the CEO, which is why I'm in China to personally conduct due diligence on several assets AGHD is considering for acquisition. The first of these assets is a four-star hotel located 15 minutes from Beijing Airport that opened a month ago. The hotel was designed to cater to the needs of the many members of the Korean business community who frequently travel to China, although all are welcome. We plan to acquire 51% of this property."
The hotel valuation will be performed by American Appraisals China Ltd., part of the world's longest-serving and largest valuation group, American Appraisal Associates, Inc., engaged in among other things, real estate valuation, since 1896.
The Company also announced that funds have been placed in escrow that will enable it to acquire controlling interest in a meat processing company, as previously planned.
About AuGRID Global Holdings Corporation
AuGRID Global Holdings Corporation is a holding company that seeks to increase its asset base and shareholder value through the acquisition of private companies in diverse industries that have proven revenue generation abilities, defensible business plans, and a product or service to which its target market has demonstrated receptiveness.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding AuGRID Corporation in this release that are not historical in nature, particularly those that utilize terminology such as "may," "should," "likely," "expects," "anticipates," "estimates," "believes" or "plans," or comparable terminology, are forward-looking statements based on current expectations about future events, which AuGRID Corporation has derived from the information currently available to it. These forward-looking statements involve known and unknown risks and uncertainties that may cause our results to be materially different from results implied in such forward-looking statements. Important factors known to AuGRID Corporation that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in AuGRID Corporation's filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and AuGRID Corporation undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE AuGRID Global Holdings Corporation
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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AZGS (.10) Announces Completion of Four New Wells in Doddridge County, West Virginia
PrimeZone "PrimeZone "
HOUSTON, April 30, 2007 (PRIME NEWSWIRE) -- Aztec Oil & Gas, Inc. (OTCBB:AZGS) announced today that the Company has completed drilling 4 wells in Doddridge County, West Virginia, all of which have tested to be productive. All 4 wells have been completed, are awaiting a workover rig for "clean-up," and should be producing into pipeline and/or tanks by May 15th 2007.
The four wells in Doddridge County are the first wells drilled under Aztec's recently announced new drilling partnership, the Aztec Oil & Gas 2006A Oil & Gas Drilling Partnership which Aztec entered into in January 2007 with approximately 20 outside investors. That partnership aims to further diversify Aztec Oil & Gas' exploration, drilling and production portfolio through new wells in oil and gas-rich northern West Virginia, which is part of the Appalachian Basin, believed to contain one of the United States' largest under-explored domestic reserves of crude oil and high BTU-grade natural gas.
In this new Partnership, Aztec Oil & Gas, Inc., through its wholly-owned subsidiary, Aztec Energy, LLC, will retain thirty percent (30%) ownership and will act as the Managing General Partner. Another Aztec subsidiary, Aztec Drilling & Operating, LLC, will serve as the Partnership's drilling company and operator.
Following a full suite of initial open hole logging on the four wells, Aztec commissioned a volumetric reserve report on the wells. That report, by a well-known, West Virginia certified petroleum geologist, extremely experienced and familiar with the area and formations involved, calculated the combined, recoverable reserves for all four (4) wells at 1.915 Billion Cubic Feet of gas and 50,080.36 Barrels of oil. The geologist further stated in the written report, "It is my opinion that these formations will out-perform the reserve calculations."
Kirk Blackim, President of Aztec Oil & Gas, Inc. commented, "We are extremely pleased with the results of these four wells, and while present performance is no guarantee of the future, we believe the results of these wells speak loudly regarding the talent, skill and potential of Aztec, its associates and partners. That is what distinguishes and defines Aztec as a company."
About Aztec Oil & Gas, Inc.
Aztec is an oil and gas exploration and production company focusing on numerous areas of the U.S. It owns a minority interest in a 40-well oil and natural gas drilling program in McKean, Potter, Clearfield and Cambria counties in Pennsylvania where drilling of all wells is nearing completion and approximately half of the wells are already producing into pipelines. Aztec also owns a minority interest in two Deep Lake wells in Cameron Parish, Louisiana ranging from 13,600 to 14,300 feet in depth. Both wells are now flowing commercial quantities of natural gas into pipelines. Aztec additionally participated in drilling one well in Wharton County, Texas which is currently producing oil and natural gas; and one well in the Barnett Shale play area of Texas which had good initial oil and gas shows, but is experiencing mechanical problems. Aztec has a minority interest in two gas wells in Oklahoma which have been drilled, completed and are awaiting pipeline hookups. One is a conventional well, and the second is a horizontal, Coal Bed Methane (CBM) well. Additional wells and drilling are presently being analyzed. Through its subsidiaries, Aztec Energy, LLC, and Aztec Drilling & Operating, LLC. Aztec is also drilling in the Doddridge County area of West Virginia.
The statements contained in this news release that are not historical facts may be statements regarding the Company's future that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe the Company's hopes, plans, objectives, goals, intentions or expectations are all forward looking statements. Any such statements made herein about the Company's future are only made as of the date of this news release. Numerous factors, many of which are beyond the Company's control, may affect actual results. Also, the price Aztec Oil & Gas, Inc., and the other parties involved in these properties, receive for the oil and/or gas produced on their properties may be less than quoted NYMEX prices at any given time. The Company undertakes no obligation to publicly update such forward looking statements to reflect subsequent events or circumstances.
CONTACT: Phoenix IR Associates Tony Drake 281-579-1602 investor*aztecoil-gas.com
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USSE (.135) Updates Shareholders on Previously Announced Stock Dividend Distribution
Market Wire "US Press Releases "
NATCHEZ, MS -- (MARKET WIRE) -- 04/30/07 -- U.S. Sustainable Energy Corp. (PINKSHEETS: USSE) announced that shareholders of record on December 1, 2006 will receive a 1-for-1 stock dividend in USSE shares. The stock dividend will replace the dividend that USSE originally had planned to make to its shareholders to issue a dividend in Sustainable Power Corp. shares (PINKSHEETS: SSTP).
The Board of Directors decided to make this change in the best interest of shareholders and to assure compliance with applicable securities law rules and requirements which would have otherwise further delayed issuance. In addition, rather than issuing restricted, non-tradeable shares, the dividend shares will be of identical trading status to those owned by each USSE shareholder on Dec. 1, 2006.
Shareholders who held restricted USSE shares on Dec. 1, 2006 will receive a dividend of USSE restricted shares.
Shareholders holding registered USSE shares on Dec. 1, 2006 will receive registered USSE shares which will be immediately tradable.
As previously announced, Sustainable Power Corp has obtained exclusive licensing and distribution rights to certain USSE products. In conjunction with this agreement, SSTP has issued restricted shares of stock to USSE for the exclusive licensing and distribution rights to the bio-waste by-products generated by operations of USSE. Although USSE previously announced a dividend of restricted SSTP shares to USSE shareholders, it will now dividend shares of USSE on the same one-for-one basis to all USSE shareholders of record as of December 1st, 2006, in lieu of issuing the restricted shares in SSTP which now will be held in the USSE treasury. These shares will effectively reflect the Sustainable Power shares.
USSE has recently changed transfer agents to Signature Stock Transfer, Inc., in Plano, Texas, and has been informed by its transfer agent that all records required to finalize the dividend distribution are in place. Accordingly, USSE intends to deliver the stock dividend on May 3, 2007 and expects the stock will trade post-dividend on May 4, 2007.
USSE anticipates that SSTP will generate increasing revenue on an ongoing basis from the distribution and sale of the USSE biofuel products and is hopeful that the SSTP shares it holds in its treasury will appreciate, to the benefit of all USSE shareholders.
John Rivera, Chairman and CEO, stated, "Holding the SSTP shares in USSE's treasury hopefully will benefit USSE's shareholders for many years to come as SSTP realizes a growing revenue stream from SSTP's sale of USSE biofuel products to various power generating entities throughout the U.S. and internationally."
About U.S. Sustainable Energy Corp.
U.S. Sustainable Energy offers a revolutionary new energy process that creates three times more fuel per feedstock unit than any other biofuel process. The company has engineered the first bio-renewable fuel able to serve as a replacement to diesel, with none of the negative traits associated with competitive green fuels. The USSEC biofuel is created at a nominal cost as the byproduct of producing organic fertilizer from recycled waste products -- now known as the "Rivera Process," a discovery made during research into agricultural biomass. The technology offers a solution to foreign oil dependence, a significant reduction to the cost of electricity and ethanol production, and the eventual reversal of greenhouse gas emissions.
Management and current operations are focused on leveraging the superior performance and low cost of the fertilizer, biogas and biofuel within bundled plant operations, turnkey energy contracts, ethanol production, and other critical applications that rely on energy as a major cost component. For more information please visit www.ussec.us.
About Sustainable Power Corp.
Sustainable Power Corp is an international green energy service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green power plants utilizing the USSEC biofuel discovery, a renewable fuel source able to be produced from one-fifth of the soybean acreage traditionally associated with biodiesel.
SSTP services range from feasibility studies, project financing, and site design, to full scale facility development and turnkey plant construction. The superior performance that is expected to be gained from using the renewable fuel source allows SSTP to offer green energy facilities ranging from 5MW to 500MW and featuring complete turnkey power solutions that potentially offer exceptional value over all other market alternatives. For more information please visit www.sustainablepower.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and subsequent U.S. actions and reactions.
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VOII (.157) Announces 2007 Financial Outlook; Revenue Expected to Exceed $30 Million
Business Wire "US Press Releases "
ORLANDO, Fla.--(BUSINESS WIRE)--
VoIP, Inc. (OTCBB: VOII) announced today highlights of its Special Investor Update in which it provided its business outlook for 2007. The Company expects to generate 2007 full-year revenue in excess of $30 million, gross profit in excess of $10 million and EBITDA exceeding $1 million.
VoIP, Inc.'s Chairman and CEO Tony Cataldo cited the fact that its "rapid growth is based on the visibility we have into new customer additions and increases in usage by our network with existing customers...revenue growth will be commensurate with the use of our network. We expect second quarter revenue in excess of $4 million with significant increases in revenue during the second half of the year. For the third quarter, we anticipate revenues in excess of $7 million and our first quarter of positive EBITDA. In the fourth quarter, we also anticipate GAAP net income in excess of $1 million. We are even more excited about our prospects for fiscal 2008. With a high proportion of fixed costs, as we drive more traffic through our network, revenue and earnings will grow rapidly."
Additional details, including a transcript of the Special Investor Update, is available in the Company's Form 8-K filed with the SEC this morning.
About VoIP, Inc.
VoIP, Inc. is a leading provider of turnkey Voice over Internet Protocol (VoIP) communications solutions for service providers, resellers and consumers worldwide. The company is also a certified Competitive Local Exchange Carrier (CLEC) and Inter Exchange Carrier (IXC). Through its wholly owned subsidiary, VoiceOne Communications, LLC, the Company provides a comprehensive portfolio of advanced telecommunications technologies, enhanced services, broadband products, and fulfillment services to the VoIP and related communications industries. Current and targeted customers include IXCs, CLECs, Internet Telephony and Conventional Telephony Service Providers (ISPs and ITSPs), cable operators and other VoIP Service Providers in the United States and countries around the world. The Company enables these customers to expand their product/service offerings by providing VoIP's nationwide Multi-Protocol Label Switching (MPLS) and other services such as voice termination/origination, e911 emergency call service for VoIP, CALEA, Broadband Voice, IP Centrex and other advanced communications services and technologies. For information on VoIP, Inc. please visit the company's web site: http://www.voipinc.com.
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EFGO(.0007) Announces Launch of Town Hall Discussion Forum
LAS VEGAS, NV, April 30, 2007 /PRNewswire-FirstCall via COMTEX/ -- Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) http://www.espritfinancialgroup.com is pleased to announce that the much anticipated Town Hall is now operational as of Monday, April 30, 2007 * 7:00 AM EST hosted on the http://www.espritfinancialgroup.com website.
The Town Hall provides a forum within which shareholders and other stakeholders can pose questions to management about various business activities and achievements pertaining to Esprit. Queries from interested investors can be submitted via the enquiry form on the Town Hall page at http://www.espritfinancialgroup.com.
The Company will post and respond to questions that are representative of the questions submitted. For obvious reasons, questions will be screened for language, and moderated to prevent abuse.
The Company's IR department will try to ensure that popular questions are answered within 4 - 5 business days.
The Town Hall will also be used to post ongoing developments re: Company operations on a pro-active basis. This will be complemented with regular press releases regarding more significant business developments.
Esprit CEO Garr Winters explains, "There is just a tremendous amount of business projects in the pipeline. We will try and filter through as much information as we can in a responsible manner. However, we must be responsible and posts will not be speculative in nature."
Winters added, "Our four different divisions will evolve quite rapidly, although we must be realistic and allow for a methodical plan of operations to ensure that we have the right intra-corporate as well as strategic consultants and third party resources properly aligned with our business objectives. As an example, the next 30 days may be very exciting within our Advanced Electronic Funds Management system. We are barely out of the gate with Jack Chang, head of the division, and we are fielding calls from interested parties via word of mouth. I continue to be impressed regarding his network of very senior C level executives at large Blue Chip clients.
"Importantly, Esprit provides the type of corporate capabilities needed to turn Jack's great ideas into operating business, with our sales, marketing and business management skill set. I have got my passport ready, and it looks like I'll be spending some time in the air to negotiate some of the very promising opportunities that continue to open up to us."
Winters summarized, "I invite all interested parties to stay current through our Town Hall forum, and register to begin using the service. All users, even the pre-registered users, will have to re-register again at the Town Hall Forum, as Esprit updated the current database to a more robust platform which requires all users to re-authenticate before they can begin using the service. Please note that the Esprit website itself will be upgraded shortly to bring all of the information up to date. It's been a bit of a moving target recently. Our IR staff are having a bit of a challenge keeping up with all the news."
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 http://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 http://www.cashnow.com. The Company acts as an Introducing Broker for Advanced Markets, Inc., and is targeted to serious day traders. All transactions are handled on a streaming pass-through basis. There is no trading desk, and no manipulation of quotes that lag the actual interbank market. Importantly, traders can continue to trade actively even during volatile periods that result from major news events of publishing of market reports.
Advanced Electronic Funds Management: The Company's Advanced Electronic Funds Management (AEFM) division offers Cash Now Check 21 - an advanced checking clearing service that can significantly reduce holdback periods by banking institutions, particularly valuable for international markets. Its EM2 (Electronic Money Management System) product is a comprehensive e-wallet capable of managing multiple bank accounts, remitting funds worldwide and provide banking capabilities to consumers without requiring that they have a bank account.
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 cashnowcorp*cashnow.com; Investor Relations: (416) 619-0397
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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SYNI(.234) and Re-Gen Sign License Agreement
LAS VEGAS, NV, Apr 30, 2007 (MARKET WIRE via COMTEX) -- Syngas International Corp.(SYNI), an emerging leader in the development and production of hydrogen-enriched alternative fuels in an environmentally responsible manner, is pleased to announce it has signed a definitive commercial license agreement with RE-GEN INTERNATIONAL COPORPRATION, a major US manufacturing company, to utilize Syngas processing equipment.
RE-GEN International Corporation will utilize the gasification equipment provided by SYNGAS to anchor a Full Green Circle(R) project. It will supply a chain of affiliated companies in one location with the needed energy drawn from biomass waste. The CEO of RE-GEN, Mr. Kenneth Sedor, went on to explain, "The term Full Green Circle(R) was coined to cover a project that will encompass a complete cycle of interdependent supply and demand. The entire process will not only be 'green' by not adding to environmental waste, but will be going to the next level by converting the waste into needed products. We will be lessening the waste flow to landfills and at the same time reducing the use of precious fossil fuel resources."
RE-GEN will soon begin a nationwide campaign of recycling a certain biomass waste which until now has not been recycled. Syngas gasifiers and fuel preparation equipment built by Syngas will be directed to this market which will require numerous gasifiers and equipment throughout the US to process the accumulated waste currently being generated.
Under the Agreement Syngas will receive a royalty and funding to construct the first $25 million dollar plant and others plants being considered in location throughout the USA. The Licensee will install and market Syngas systems throughout the United States. The "PyStR(TM)" Gasifier is scheduled for completion and marketing before the end of third quarter 2007.
About Re-Gen
RE-GEN is a privately held company based out of Minneapolis, MN.
About Syngas International Corp:
Syngas International Corp. (SYNI), through its subsidiary, Syngas Energy Corp., is an emerging leader in the development and marketing of low-cost alternate fuels worldwide. We believe our superior technology will catapult our company into a GREEN POWERHOUSE. With energy prices at high levels and the global focus moving rapidly towards addressing pollution, the need for sustainable, zero emission energy is vital. Our technology is based on clean renewable energy. We foresee our company poised to benefit from global trends. http://www.syngasinternational.com
Forward-Looking Statements
From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
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USXP(.0007) Names 5 Charities Participating in Jackson Family Memorabilia Auction Apr 30, 2007 12:13:00 PM NEW YORK, NY -- (MARKET WIRE) -- 04/30/07 -- Universal Express Inc. (OTCBB: USXP) Chairman and CEO Mr. Richard A. Altomare today announced the charities that will benefit equally from Universal Express' allocated charitable 10% contribution from the Jackson Family Memorabilia Auction scheduled for May 30 and 31st at the Hard Rock Casino in Las Vegas.
"These five charities were selected due to their important services for children in need. I selected the following charities also for their published celebrity leadership," said Mr. Altomare.
St. Jude Children's Research Hospital
St. Jude is unlike any other pediatric treatment and research facility anywhere. Discoveries made here have completely changed how the world treats children with cancer and other catastrophic diseases.
We are where some of today's most gifted researchers are able to do more science, more quickly. Where doctors across the world send their toughest cases and most vulnerable patients. Where no one pays for treatment beyond what is covered by insurance, and those without insurance are never asked to pay. We've built America's 3rd-largest health-care charity, with a model that keeps the costs down and the funds flowing, so the science never stops.
St. Jude Children's Research Hospital, Published Associated Celebrities: Ferrari Enzo, Marlo Thomas, Phil Donahue, Billy Crystal, Robin Williams, Faith Hill, Jimmy Buffet
Make-A-Wish Foundation
Since 1980, the Make-A-Wish Foundation� has enriched the lives of children with life-threatening medical conditions through its wish-granting work. The Foundation's mission reflects the life-changing impact that a Make-A-Wish� experience has on children, families, referral sources, donors, sponsors and entire communities.
The Make-A-Wish Foundation was founded in 1980 after a little boy named Chris Greicius realized his heartfelt wish to become a police officer. Since its humble beginnings, the organization has blossomed into a worldwide phenomenon, reaching more than 144,000 children around the world. Although it has become one of the world's most well-known charities, the Make-A-Wish Foundation has maintained the grassroots fulfillment of its mission.
A network of more than 25,000 volunteers enable the Make-A-Wish Foundation to serve children with life-threatening medical conditions. Volunteers serve as wish granters, fundraisers, special events assistants and in numerous other capacities.
As the Foundation continues to mature, its mission will remain steadfast. Wish children of the past, present and future will have an opportunity to share the power of a wish�.
Make-A-Wish Foundation, Published Associated Celebrities: Mariah Carey, Jeff Gordon, Jennifer Garner, Donald Trump
Boys and Girls Clubs of America
In every community, boys and girls are left to find their own recreation and companionship in the streets. An increasing number of children are at home with no adult care or supervision. Young people need to know that someone cares about them. Boys & Girls Clubs offer that and more. Club programs and services promote and enhance the development of boys and girls by instilling a sense of competence, usefulness, belonging and influence. Boys & Girls Clubs are a safe place to learn and grow -- all while having fun. They are truly The Positive Place For Kids.
Programs Include:
-- Character & Leadership -- Education & Career -- Health & Life Skills -- The Arts -- Sports, Fitness & Recreation -- Specialized Initiatives Boys and Girls Club of America, Published Associated Celebrities: Brad Pitt, Oprah Winfrey, Bill Cosby, Denzel Washington, President Clinton, Michael Jordan
Ronald McDonald House
By creating, finding and supporting programs that directly improve the health and well-being of children, Ronald McDonald House Charities (RMHC) is working to better the lives of children and their families around the world. The three core programs of RMHC -- the Ronald McDonald House, Ronald McDonald Family Room and Ronald McDonald Care Mobile -- are focused on helping families in need. Our cornerstone Ronald McDonald House program began in 1974 based on a simple idea: Provide a "home away from home" for families of seriously ill children receiving treatment at nearby hospitals. Since that time, more than 10 million families around the world have benefited from the comfort provided by a Ronald McDonald House.
The Ronald McDonald Family Room program extends the comfort of a Ronald McDonald House to a hospital setting. Typically located just steps from neonatal or pediatric intensive care units, the Family Room provides a place to escape the stress and tension of the hospital.
Ronald McDonald House, Published Associated Celebrities: Justin Timberlake, Jessica Simpson, Celine Dion, Paul Newman, Serena and Venus Williams, Dustin Hoffman
Save the Children
Save the Children is the leading independent organization creating real and lasting change for children in need in the United States and around the world. It is a member of the International Save the Children Alliance, comprising 28 national Save the Children organizations working in more than 110 countries to ensure the well-being of children. The history of Save the Children is a story of positive change and people -- millions of people in thousands of communities around the globe -- working together to create opportunities for the world's children to live safe, healthy and fulfilling lives. In January 1932 in a small room in New York City, a group of concerned citizens gathered to respond to the needs of the proud people of Appalachia hard hit by the Great Depression. Working with families to define and solve the problems their children and communities face and utilizing a broad array of strategies to ensure self-sufficiency is the cornerstone of all Save the Children's programs. Through the decades, we have evolved into a leading international relief and development organization. Countless events and achievements have shaped the development of our organization and helped change the lives of the children we serve.
Save The Children, Published Associated Celebrities: Forest Whitaker, Gwen Stefani, Hugh Grant, Keira Knightly, Lindsay Lohan, Teri Hatcher, Sacha Baron Cohen
"Universal Express is inviting the celebrities of each charity to the auction on behalf of their charity. Luggage Express will deliver the suitcase of each of these celebrities as well as deliver any items won at the auction, anywhere in the world," continued Richard A. Altomare.
"We are informing each of these charities of their selection and directing them and any worldwide bidders to the Jackson Family Memorabilia viewing area at http://www.usxp.com/jackson," concluded Mr. Altomare.
About Universal Express
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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Contact Info:
Mark Falk Universal Express, Inc. 561-367-6177 Email Contact
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MKGP(.0435) Announces Initial Production Figures for 4th and 5th New Big Foot Wells and Latest Workover Well Apr 30, 2007 12:21:00 PM TULSA, OK -- (MARKET WIRE) -- 04/30/07 -- Maverick Energy Group, LTD (PINKSHEETS: MKGP), a member of Z2, LLC (Z2), is pleased to announce that production has begun on the fourth and fifth Big Foot wells, which are part of the operations planned by Maverick, as a member of Z2, with funding from the $40,000,000 Advancing Credit Facility which Z2 closed with Gasrock Capital, LLC in August of 2006. Each of these two wells is showing initial daily production in the range of 20 Barrels of Equivalent Oil (combined oil and gas production).
In addition, a well was re-entered nearby which has been completed in the "D" Zone and fraced at approximately 3,600-3,700 feet in depth. This well is also showing an initial average production rate of approximately 100 Barrels of Equivalent Oil per day.
"The results of the first five new wells Maverick has drilled in the Big Foot Field as part of the Z2 drilling program have exceeded our initial expectations. The three abovementioned wells alone should generate approximately $1,800,000 annually for Maverick and its partners in Z2. These production numbers are very significant and indicate that the data is correct in predicting large reserves still lying beneath the Z2 lease. This is extremely encouraging for the Z2 partners as well as for our financing partner, Gasrock Capital. When combined with the successes we are showing in our other drilling programs, this should be very good news for Maverick's shareholders. We look forward to continuing to expand production within the Big Foot Field while also evaluating other independent drilling opportunities as they arise," says Jim McCabe, CEO of Maverick Energy Group, LTD.
About Maverick Energy Group, LTD
Maverick Energy Group, LTD, based in Tulsa, OK, is engaged in the domestic exploration and production of crude oil and natural gas. Its management team has over 150 combined years of experience in the oil & gas and financial services industries. Maverick Energy is the Operator of the "Big Foot Field" in Texas, which was originally developed by Royal Dutch Shell (RDS-A). The Big Foot Field has approximately 300 production wells in the field of which approximately 240 are presently revenue producing. Maverick is also the part owner of several producing natural gas wells and owns additional natural gas leases in West Virginia. The President of Maverick also serves as Chief Financial Officer of Z2, LLC. For more information on Maverick Energy, please visit the company's website at: www.maverickenergygroup.com or www.pinksheets.com.
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the oil & gas market; including the geopolitical environment not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Tony Drake Phoenix IR Associates 281-579-1602 phoenix-ir*earthlink.net
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