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WNBD(.0035) Multi-Cleaner Deliveries Commence to Five Star Group Leading Distributor of Paint Sundry and Hardware Products in the Northeast Now Active Jun 5, 2007 3:59:00 PM BARRIE, ON -- (MARKETWIRE) -- 06/05/07 -- Winning Brands Corporation (PINKSHEETS: WNBD) www.WinningBrands.ca announces that its new environmental alternative to conventional paint solvents gains sales momentum with the decision by Five Star Group today to take immediate delivery of Winning Colours® Multi-Cleaner. FSG will distribute Winning Colours® to its paint sundry and home improvement accounts throughout the Eastern seaboard from Massachusetts to the Carolinas. Five Star Group, an OTC public company, distributes products to approximately 3,000 independent retail dealers, which include lumber yards, do-it yourself centers, independent hardware stores and paint stores. The listing with FSG arises from the co-operation between Encore Plastics and Winning Brands to implement a national Winning Colours(TM) roll-out for the USA.
Winning Brands' Sales Manager Lorne Kelly considers this as an important development for the retailers and millions of consumers serviced by Five Star Group. "Our national advertising campaign currently under development comes closer to implementation when consumers across the region have stores close at hand -- this move makes it much easier for consumers to buy, especially in the important New York market."
Winning Brands Corporation manufactures Winning Colours® Multi-Cleaner in North America for consumer and industrial markets. Winning Brands' full product range includes a variety of environmentally responsible alternative cleaning solutions, including its non-toxic SMART(TM) Wet Cleaning Solutions alternative to Perchlorethylene used in Dry Cleaning.
Certain statements in this news release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Winning Brands Corporation (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; and (iii) competitive factors and developments beyond the Company's control. Winning Colors is a Registered Trademark of Niagara Mist Marketing Ltd and used under licence.
Information: Winning Brands Corporation Office Direct (705) 737-4062 11 Victoria Street, Suite 220A Barrie, Ontario, Canada L4N 6T3 News*WinningBrands.ca
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Fortuna Gaming Corp., (OTCBB:FGAM), ("the Company") announced today that it is in the process of re-launching the Company under a new brand known as Fortuna Royale and under the direction of a new management team based out of Europe.
As part of this strategy, on May 15th the Company engaged the marketing services of William Vogl to assist with developing and implementing a marketing program aimed at acquiring and retaining active players for its casino and online poker games and offerings throughout Europe, Asia and other legal jurisdictions.
Mr. Vogl is a respected marketing professional in the area of gambling and has a thorough understanding of the European marketplace. As part of the overall strategy catering to the European and Asian customer base, the Company is working on translating its game into several languages including: Swiss, French, Italian, German, English, Arabic, Chinese, Japanese, Mandarin, Turkish and Cantonese.
About Fortuna Gaming Corp.
Fortuna Gaming Corp (the "Company") is in the online gaming business and plans to become a leading online provider for the Internet gaming entertainment industry by concentrating on the European and Asian markets.
Legal Notice Regarding Forward Looking Statements
The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from acquisitions or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this 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. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
Source: Fortuna Gaming Corp.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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AXVC(.30) New Bridge Finance Agreement Signed Updated Technology and Engineer Profile Available Jun 5, 2007 4:12:00 PM PORTLAND, Ore., June 5 /PRNewswire-FirstCall/ -- Axial Vector Engine Corporation (OTC Bulletin Board: AXVC) announced today an update on the company's affairs including it's finances and technology which cover the following areas:
While the delays of the development of our technologies have been very hard on all of us we believe we have turned the corner and there are several positive developments to lead us to that belief.
1. With the recent scaling back of our operations and personnel we now have a much lower overhead to keep us in sync with the product development. I am now personally overseeing day-to-day activity within the organization to ensure that all our resources are being efficiently directed towards growth.
2. We have accepted a secured credit line of $250,000 from a private lender on a 120-day note. This will allow us to maintain operations and complete either a longer-term loan or equity placement to fund further license activities. Furthermore our investor has in principle agreed to further financing deals once we have shown steady advances in development
3. Our military licensee and "GENSET" developer has moved into new and much larger, long term facilities outside of Detroit which expands on their abilities to produce and test our technologies
4. When this move is completed in less than two weeks from now we will be able to conduct "due diligence" trips with prospective finance groups at the facility to validate the progress towards bringing the family of products to market.
5. Several groups have already contacted us regarding equity and or long term debt financing and we are actively negotiating for this.
6. A detailed yet concise presentation has been prepared from the military licensee to show the detailed progress that has been made and realistic time lines for completion of key areas.
7. The presentation also gives a depth of the resources committed to this project and identifies some of the key personnel and their backgrounds. This helps all of our investors to understand the "world class team" that is working on their behalf to bring commercialization to the products quickly and profitably. We appreciate your support and shall be working diligently to move the company forward.
For a copy of the Power Point presentation send us an email including your complete contact information.
About Axial Vector(TM) Engine Corporation
Axial Vector(TM) Engine Corporation is a publicly traded company (OTC Bulletin Board: AXVC) that owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine technologies. We are applying these technologies to develop an exciting, new, smaller and lighter internal combustion engine that produces significantly greater horsepower and three times more torque on less fuel than conventional engines of similar size. The internal combustion engine as we know it today may never comply with mandated pollution standards and meet the strong demand for cleaner and far greater fuel-efficiency engines. We see the Axial Vector(TM) as the engine design that will comfortably meet these challenges, and more.
Key entry markets for the Axial Vector(TM) engine include a number of specific military and industrial applications. Additionally, we are developing a family of electric power generators incorporating our unique Axial Vector(TM) technology. The generators will consume less fuel per unit of electrical power output and are considerably smaller than any known internal combustion engine generators.
Forward-Looking Statements
This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenues and expenses, and products or service line growth, may be significantly and materially impacted by certain risks and uncertainties, including, but not limited to, failure to meet operating objectives or to execute the operating plan, completion, and other economic factors. Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission.
Contact: Samuel Higgins Axial Vector Engine Corporation One World Trade Center 121 SW Salmon Street, Suite 1100 Portland, OR 97204 USA 503 471-1348 Samuel.Higgins*AxialVectorEngine.com http://www.axialvectorengine.com SOURCE Axial Vector Engine Corporation
---------------------------------------------- Samuel Higgins of Axial Vector Engine Corporation +1-503-471-1348 Samuel.Higgins*AxialVectorEngine.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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EXBV(.25) Launches Marketing and Data Licensing Program Jun 5, 2007 4:16:00 PM Copyright Business Wire 2007 DULUTH, Ga.--(BUSINESS WIRE)--
ExchangeBlvd.com, Inc. (Pink Sheets: EXBV), parent company of GolfExchange.com, GolfClubDemo.com, and GolfBlueBook.com announces the launch of a new marketing and data licensing program. This program is designed to leverage the significant amount of equipment specific information the company has, and continues to accumulate through its various online golf properties.
Through the use of GolfBlueBook.com, ExchangeBlvd.com has collected valuable pricing trends and life cycle information about golf equipment. GolfExchange.com has proved invaluable in mining data about the secondary market for manufacturers. Now the manufacturers can leverage the used golf club market to increase brand loyalty as well as introduce new customers to their higher end equipment through on-line trade-in programs. Lastly, through the thousands of demos that GolfClubDemo.com has delivered to golfers across the Country, data has been collected on a number of fronts. Some of this data is related to the number of sales contributed to the products demoed as well as the likes and dislikes of the newest golf clubs that were introduced to the market.
ExchangeBlvd.com expects the data and licensing program to provide a significant additional revenue stream in the near future. The program provides an unprecedented opportunity for manufacturers to license this information which will significantly enhance their R&D efforts by helping them understand exactly what the market demands are...and are not.
Larry Tedesco, CEO of ExchangeBlvd.com, stated, "This is an example of how our core businesses have produced other revenue opportunities that will benefit our company. We are excited about this new program and know that there is demand in the golf industry for the information that we have collected about our highly sought after demographic of avid golfers."
ABOUT THE COMPANY
ExchangeBlvd.com provides companies of any size with all the tools needed to fully execute an online auction strategy. From automated inventory acquisition solutions to simultaneous multi-market inventory posting, EB offers a wide range of extremely scalable products integrated into one turn-key package. For more information about ExchangeBlvd.com, please visit our site: www.ebauctionsolutions.com.
Source: ExchangeBlvd.com, Inc.
---------------------------------------------- ExchangeBlvd.com Duluth Andrew Schechter 678-775-1733
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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AESK(.25) Announces Sale of Sunday River and Sugarloaf Resorts Jun 5, 2007 4:42:00 PM Copyright Business Wire 2007 PARK CITY, Utah--(BUSINESS WIRE)--
American Skiing Company (OTCBB: AESK) announced today that it had entered into a definitive agreement to sell its Sunday River and Sugarloaf/USA resorts, both located in Maine, to Boyne USA, Inc. for $77.0 million in cash. Boyne will also assume $2.0 million in debt and other liabilities. The announced sale follows the review of strategic options for both resorts announced in March.
"The longstanding relationship between ASC and the communities of Sunday River and Sugarloaf/USA extends to the very origins of our company," said ASC President and CEO B.J. Fair. "With so much of our company's roots and history here, it will be hard to part ways with these resorts. However, I am confident both resorts have an exceptionally bright future ahead of them. Boyne is an established operator and should bring a wealth of vision and resources to guide Sunday River and Sugarloaf/USA into their next stages of growth," added Fair.
Sunday River features 131 trails spread across eight interconnected mountain peaks, serviced by a network of 18 lifts, including four high-speed quads. A recently constructed Robert Trent Jones, Jr. championship golf course, two full-service fractional ownership hotel and conference center properties, and numerous local attractions complement the four-season offerings of the resort.
Located in the heart of Maine's Carrabassett Valley, Sugarloaf/USA boasts New England's longest continuous vertical drop (2,820 feet) and only lift-serviced above-treeline skiing. A full-service fractional ownership hotel and conference center, golf, mountain biking and fall foliage viewing are also important components of the resort's year round recreation offerings.
Headquartered in Michigan, Boyne USA, Inc. is a privately held company that has interests in seven North American resort properties, including Big Sky Resort in Montana; Boyne Mountain, Boyne Highlands and Bay Harbor in Michigan; Brighton in Utah; Crystal Mountain in Washington and Cypress Mountain in British Columbia, Canada.
The transaction is subject to customary closing conditions, including Hart-Scott-Rodino antitrust approval and stockholder approval of American Skiing Company. The transaction is expected to close on or before July 31, 2007.
The Company expects to use the net proceeds from the sale for working capital purposes or as otherwise determined by the board of directors of the Company. Mr. Fair also noted that while American Skiing Company will be working towards closing the sale of Sunday River and Sugarloaf/USA, the company remains focused on operating The Canyons and reaching a successful and favorable resolution of the litigation involving the Utah resort.
About American Skiing Company
Headquartered in Park City, Utah, American Skiing Company is an operator of alpine ski, snowboard and golf resorts in the United States. Its resorts include Sunday River and Sugarloaf/USA in Maine and The Canyons in Utah. More information is available on the company's web site, www.peaks.com.
Certain statements contained in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). These forward-looking statements are not based on historical facts, but rather reflect our current expectations concerning future results and events. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. We have tried, wherever possible, to identify such statements by using words such as "anticipate", "assume", "believe", "expect", "intend", "plan", and words and terms of similar substance in connection with any discussion of operating or financial performance. Such forward-looking statements involve a number of risks and uncertainties. In addition to factors discussed above, other factors that could cause actual results, performances or achievements to differ materially from those projected include, but are not limited to, the failure to satisfy any of the conditions to closing of the purchase agreements relating to Sunday River and Sugarloaf or the buyer's refusal to close for such agreements, and other factors listed from time to time in our documents we have filed with the Securities and Exchange Commission. We caution the reader that this list is not exhaustive. We operate in a changing business environment and new risks arise from time to time. The forward-looking statements included in this press release are made only as of the date of this document and under Section 27A of the Securities Act and Section 21E of the Exchange Act, we do not have or undertake any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.
Source: American Skiing Company
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Pure H20's Water Recycling Initiative Targets Multi Billion Dollar US Water Purification Industry
Tuesday , June 05, 2007 15:15ET
RENO, Nev., Jun 05, 2007 (BUSINESS WIRE) -- Pure H2O, Inc. (PINKSHEETS: PURH), a provider of novel water and wastewater treatment systems, is pleased to announce that its mobile wastewater treatment plant will encompass the Company's Wastewater Recycling Initiative in demonstrating the flexibility and capability of its treatment processes.
Company Secretary, Harvey Panesar commented that "The U.S. Water Purification industry alone is expected to exceed $1 billion dollars in 2007 and is expected to grow in excess of 5% per year. We have begun to concentrate our efforts on our Wastewater Recycling Initiative. Our technology is capable of drawing the impure water at its discharge and then purifying and disinfecting it to meet the requirements of the end user in residential, commercial and industrial applications. Use of Pure H2O's system should allow for increased opportunities for wastewater reclamation and recycling while demonstrating water conservation and cost savings. Hence the system will ensure that a reliable water supply exists and could potentially even generate a new revenue source for our customers."
Mr. Panesar went on to state that "there has been a lot of concern expressed lately about the quality of water being produced by water treatment plants. Use of the Pure H2O system will fully address these health concerns and has wide potential application at wastewater treatment plants and facilities around the world for both large and small scale operations. In addition, the Pure H2O system is completely scaleable while being very cost effective for our potential clients."
About PureH2O, Inc.:
Pure H2O, Inc. (PINKSHEETS: PURH) is a US corporation which provides end-to-end consultation, design, implementation, and sales of technical solutions for clients with problem water. Pure H2O provides a full-service program that includes comprehensive application development, integrated storage and dosing equipment, chemical inventory supply and management as well as ongoing field and technical operations support. The Companies objective is to provide every client with cost effective and value added full-service solutions to meet their water quality control needs.
For more information, please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit our website at: www.PureH2Oinc.net.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
SOURCE: Pure H2O, Inc.
Taylor Capitol, Inc. Stephen Taylor, 973-351-3868 STEPHTAYL9*AOL.COM
Copyright Business Wire 2007
-------------------- " Cash is King " Posts: 1102 | From: NJ | Registered: Mar 2006
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Cord Blood America Signs Consulting Agreement With Midtown Partners & Co., LLC to Evaluate Strategic Alternatives to Unlock Value in Its Subsidiaries.
Wednesday, June 06, 2007 05:00ET
LOS ANGELES, June 6 /PRNewswire-FirstCall/ -- Cord Blood America, Inc. (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell preservation company (http://www.cordblood-america.com ) focused on bringing the life saving potential of stem cells to families nationwide and internationally, today announced that it has signed a consulting agreement with Midtown Partners & Co., LLC, to evaluate strategic alternatives to unlock value for its subsidiaries.
"Cord Blood America is seeking to unlock value to its shareholders for its Philadelphia, Pa., based CorCell subsidiary, among others, because of its significant potential stand alone value," said Matthew Schissler, Cord Blood America Chairman and CEO. "We have sought out the expertise of Midtown Partners, with vast experience in this sector, and Cord Blood America has contracted with them to lead the search and evaluation process for CorCell."
Richard Kreger, Senior Vice President, Midtown Partners, said that "Cord Blood America is a valuable property that deserves the attention of the public markets. The stem cell sector is trading at significantly higher multiples to revenue than Cord Blood America. Cord Blood America has some of the best financial numbers in the sector, yet has not achieved the name recognition deserved in the stem cell arena. We want to improve the street perception of the company and do it quickly by identifying the best strategic alternatives for the company and its subsidiaries."
"Management sees this opportunity as a significant step forward in Cord Blood America's overall business plan. Management has worked diligently to line up this milestone opportunity, which could entirely fund the parent Company's future growth," Mr. Schissler said.
"This capital releasing transaction will be funded entirely from funds made available through the new transaction. We could not have found a more economically feasible way to accomplish this important endeavor," Mr. Schissler said. "It has been our mission to continue with accretive acquisitions, strategic organic growth and to improve the balance sheet. This process should allow the company to realize its full potential."
About Midtown Partners & Co., LLC
Originally founded in May 2000, Midtown Partners & Co., LLC is an investment bank focused on private placement investment banking opportunities. The investment banking group at Midtown Partners & Co., LLC was founded on the premise that client relationships and industry focus are keys to the success of emerging growth companies. Such companies require investment banking services from a firm with a unique understanding of the marketplace and the nature of these transactions. Additional information can be found at http://www.midtownpartners.com.
About Cord Blood America
Cord Blood America (OTC Bulletin Board: CBAI) is the parent company of CorCell, which facilitates umbilical cord blood stem cell preservation for expectant parents and their children. Its mission is to be the most respected stem cell preservation company in the industry. Collected through a safe and non-invasive process, cord blood stem cells offer a powerful and potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders. To find out more about Cord Blood America, Inc. (OTC Bulletin Board: CBAI), visit our website at http://www.corcell.com. For investor information, visit http://www.cordblood-america.com.
Forward-Looking Statements
Some statements made in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements including those related to the growth of the industry, new stem cell treatments, and the Company's performance, are only predictions and are subject to certain risks, uncertainties and assumptions. Additional risks are identified and described in the Company's public filings with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.
CONTACT: Paul Knopick E & E Communications 949/707-5365 pknopick*eandecommunications.com
Press Release Source: Hidalgo Mining International
Hidalgo Mining (HMIT) Obtains Second Large-Scale Coal Purchase Commitment as New LOI is Received. J.A.B. Minerales International Submits LOI to Purchase Over $33M of Coal Production. Wednesday June 6, 7:00 am ET
NEW YORK--(BUSINESS WIRE)--Hidalgo Mining International (PINK SHEETS: HMIT - News), an innovative coal mining company headquartered in New York with coal properties located in Northern Mexico, announced today that it has received its second large-scale coal purchase agreement as J.A.B Minerales International S.A. de C.V. (J.A.B.), a mineral brokerage group located in Mexico City, has submitted a Letter of Intent (LOI) to purchase 50,000 tons of coal on a monthly basis equaling $33M in annual revenues.
ADVERTISEMENT J.A.B will render the present market value of $55.00 per ton for coal produced and distributed to their facilities of selection. Currently J.A.B intends to purchase 50,000 tons of coal on a monthly basis with intentions of increasing their required coal needs within a 60 day period.
"We feel that this notable progress point is not only a success to our organization but an affirmation that the rare and high-grade coal located on our Northern Mexico property presently holds a high demand within the energy industry. It is also the belief of the Hidalgo Company that the reception of the described LOI will additionally substantiate the counteroffer submitted to Consolidated Mining & Mineral, within our ongoing negotiations for acquisition, that HMIT holds an abundance of highly marketable coal that will entitle our organization to the additional benefits requested," stated Jeff Bootes, CEO of Hidalgo Mining International.
ABOUT HIDALGO MINING INTERNATIONAL
Hidalgo Mining International (Pink Sheets: HMIT - News), an innovative coal mining company located in New York, NY, currently possesses over 50,000 acres of coal populated land located in Northern Mexico near the Texas border. Within an existing multi-billion dollar industry, HMIT strives to maintain corporate creditability while making aggressive moves to continue marketing its coal production on a global scale. HMIT management and directors hold an abundance of experience and knowledge in this rapidly growing industry that will ultimately result in the success of its ventures and longevity. Learn more about HMIT by visiting: (www.hidalgointernational.com)
Posts: 1986 | From: Florida | Registered: Mar 2006
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NEW YORK, Jun 06, 2007 (BUSINESS WIRE) -- GS AgriFuels Corporation (OTC Bulletin Board: GSGF) is pleased to announce that its NextGen Fuel, Inc. biodiesel equipment division recently received notice of approval for construction bonding capacity of up to $10 million per customer project.
This bonding, which is being provided by International Bonding and Construction Services, Inc. through its Scarborough Bond and Guarantee Program, can be applied to projects within the United States or to US Government projects worldwide and will help reduce NextGen's customers' construction risk and facilitate project financings.
NextGen Fuel, Inc., which offers five and ten million gallon per year biodiesel production systems based on its patent pending continuous flow biodiesel production technology, was acquired by GS AgriFuels in October 2006. NextGen's systems can produce ASTM specification biodiesel from a broad array of vegetable oils, animal fats, and waste greases.
GS AgriFuels' President and CEO, Tom Scozzafava, stated "We are excited to have received this initial bonding commitment, and we are pleased to be able to offer this value added program to NextGen customers. We are also very aggressively seeking other value added components, such as captive equipment financing, which we expect will make it easier for qualified customers to get their projects out of the development stage and into production."
About GS AgriFuels Corporation
GS AgriFuels (www.gs-agrifuels.com) was founded to produce and sell clean fuels from agriproducts in innovative ways. GS AgriFuels' business model is based on the manufacturing and sales of proprietary biodiesel equipment and the use of new technologies to produce biodiesel and ethanol from non-traditional feedstocks such as corn oil and cellulosic biomass through the utilization of several new proprietary technologies, including innovative desiccation, process intensification, gasification, catalytic, and carbon capture technologies, synergistically at small-scales to enable the refining of many forms of biomass into clean fuels at Integrated Multi-Fuel ("IMF") production facilities.
GS AgriFuels is party to a merger agreement with, GS Energy Corporation (OTC Bulletin Board: GSEG) pursuant to which holders of GS Energy common stock will receive 1 share of GS AgriFuels common stock for each 1,000 shares owned in GS Energy. The filings for this transaction are expected to be filed in June 2007.
GS AgriFuels and GS Energy are both majority owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a company devoted to facilitating the efficient use of natural resources.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GS AgriFuels Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: GS AgriFuels Corporation
GS AgriFuels Corporation 212-994-5374 Fax: 646-572-6336 investorrelations*gs-agrifuels.com www.gs-agrifuels.com or Investor Relations: CEOcast, Inc. Andrew Hellman, 212-732-4300 or Public Relations: Walek & Associates Deborah McCandless, 212-590-0523 Fax: 212-889-7174 dmccandless*walek.com www.walek.com
Copyright Business Wire 2007
-------------------- " Cash is King " Posts: 1102 | From: NJ | Registered: Mar 2006
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