NEW YORK, NY -- (MARKET WIRE) -- 10/13/06 -- HE-5 Resources, Corp. (PINKSHEETS: HRRP), today announced that its Board of Directors has approved a 1-for-200 reverse split of its common stock. The reverse stock split will be effective today. Upon execution, HRRP shareholders will receive one new share of HRRP common stock for every 200 shares held.
This reverse stock split is intended to increase the per share trading price of HE-5 Resources' common stock and in so doing broaden the stock's appeal to investors. In addition, a higher share price will enhance the Company's ability to upgrade its listing on the NASDAQ Stock Market.
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.
For more information on HE-5 Resources, Corp. please contact CEO Denyse Raynault at Raynault*he-5resourcescorp.com or visit the Corporate website at www.he-5resourcescorp.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
Contact:
HE-5 Resources, Corp. Denyse Raynault CEO Ph# (775) 291-6469 E-mail: Raynault*he-5resourcescorp.com URL: www.he-5resourcescorp.com Posted by J_U_ICE on :
RKTI .20
Rocketinfo Selected by Convera to Provide News Aggregation for Government Professionals 10/13/2006
NEWPORT BEACH, CA, Oct 13, 2006 (MARKET WIRE via COMTEX News Network) -- Rocketinfo (OTCBB: RKTI), creators of Rocketnews.com, the world's deepest and fastest search and delivery service of current news, media video and expert **** feeds via RSS, today announced its selection by Convera (NASDAQ: CNVR), a leading provider of search technologies for professional workers. Rocketinfo is providing access to its 30,000 news, RSS and we**** sites, including 16,000 timely current news sources to power relevant intelligence gathering in the Convera search solution serving knowledge professionals in government.
"Our govmine.com search site is designed to provide government workers with a more professional search experience; one that examines unstructured Web content but is less focused on consumer popularity," said Kurt Gastrock, chief operating officer of Convera. "We found Rocketinfo to be an established leader for real-time news and content aggregated from thousands of reputed publishers. This highly relevant content adds additional value to our search query results."
Marco Hegyi, president & CEO of Rocketinfo, said, "Rocketinfo is proud to work with Convera to deliver news aggregation services from trusted publishers to its govmine.com search site. Government knowledge workers, on average, spend 7.7 hours each week conducting online searches. Rocketinfo enriches govmine.com with a wide breadth of news sources, which together with Convera's search technology helps to reinforce the collection of intelligence and power informed business decisions."
Rocketinfo powers search engines, custom enterprise search, intranet portal and collaboration technology developers with real-time news and content as an embedded value added feature delivering market intelligence, media monitoring and streamlined research. Beyond real-time news and content channels feeding internal intelligence gathering in the enterprise and government, Rocketinfo also provides strategies and solutions for publishing custom news feeds to public audiences via corporate websites, industry portals or newsletters. All of Rocketinfo's products and services can be privately labeled or co-branded.
About Rocketinfo
Founded in 1998, Rocketinfo (OTCBB: RKTI) provides the fastest, largest and best aggregation of RSS feeds of news sites, articles, press releases, trade pubs and expert ****s.
Rocketinfo continuously searches and indexes over 16,000 news sites, 30,000 RSS and we**** sources to provide customized content channels for external publishing of current news and business information and internal gathering of competitive research, market intelligence, media monitoring. Experience the fastest search of the largest collection of real-time RSS news feeds by visiting www.rocketnews.com today and take our Rocket RSS Scanner for a spin. More information on our products and services is available at www.rocketinfo.com.
About Convera(R)
Convera(R) is a leading provider of search technologies for professional workers. Convera has developed a unified product platform that makes sense of vast amounts of information -- wherever it resides -- across multiple data formats, languages and meanings. Based on proprietary technologies that extract relevant results from public and private data, Convera enables professionals to quickly retrieve exactly the information essential for action. The Convera search platform, TrueKnowledge Platform(TM), is delivered as a hosted service, software or a bundled hardware and software package. Thousands of government and business professionals in 40 countries rely on Convera search solutions to power a broad range of mission critical applications.
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause Rocketinfo Inc.'s actual results in future periods to differ materially from forecasted results. For a list and description of such risks and uncertainties, see Rocketinfo Inc.'s reports filed with the Securities and Exchange Commission.
Copyright 2006 Market Wire, All rights reserved.
Posted by J_U_ICE on :
STTK (.21) Starts Work on $250,000 Contract
PrimeZone "PrimeZone "
CORTE MADERA, Calif., Oct. 13, 2006 (PRIMEZONE) -- Smart-tek Solutions, Inc. (OTCBB:STTK) announced today that its operating subsidiary Smart-tek Communications Inc. ("SCI"), has commenced work on the security, voice and data contract for the Cielo project. The value of the contract is in excess of $250,000.00.
The CIELO project consists of a 30 storey high-rise residential tower with a large retail and commercial component.
"This is a prestigious project by a well renowned international developer," said Perry Law, President of Smart-tek. "We are very excited and pleased to have been selected as the systems integrator for this development and look forward to another successful project. We are continuing with our plan to keep building on our core security/surveillance technology business and the Cielo project marks another positive step forward in this objective."
SCI will be supplying and installing the low voltage system consisting of the telephone/data backbone to the buildings, CATV, integrated proximity access control, elevator access control, intercom and digital CCTV system to the Cielo project. Included in the scope of work of the contract, SCI will also provide rough-in voice and data cabling to the retail and commercial units.
The Cielo project is owned and developed by Delta Land Development Ltd., a major international developer with a significant presence in North America, Asia and Europe. The Cielo project is part of Vancouver's Coal Harbor neighborhood, situated along the waterfront shores in downtown Vancouver, British Columbia.
Smart-tek Solutions Inc. is a technology holding company in the security and surveillance sector and poultry monitoring with its RTAC-PM bird flu containment system, providing turnkey state of the art systems design and installation through its wholly owned subsidiary, Smart-tek Communications, Inc. Smart-tek Communications, Inc. is the Company's initial acquisition in this sector and is appropriately positioned to pursue additional acquisitions in order to restore and enhance shareholder value.
Smart-tek Communications ("SCI") is a market leader in providing surveillance technology solutions for the monitoring and containment of the H5N1 virus with the recent introduction of its RTAC-PM system. This scaleable system has been designed to help countries contain the deadly avian flu virus currently threatening the world.
Smart-tek Communications Inc. is a market leader in integrated security, voice and data communication systems. Located in Richmond, British Columbia, SCI specializes in the design, sale, installation and service of the latest in security technology with proven electronic hardware and software products. SCI has positioned itself as a security systems leader in the Greater Vancouver area, supplying over 45% of new downtown core construction projects. Valued customers include major developers, general and electrical contractors, hospitals, Crown Corporations, law enforcement agencies and retail facilities. Projects range from high-end residential and commercial developments to system upgrades and monitoring contracts. SCI's continued growth and success is a direct result of providing a consistently superior product at competitive pricing to both new and existing clients. SCI's stellar client retention is in itself a testimonial to the overall excellence of the product designed and installed.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements regarding the Company's business which are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. Readers are directed to the Smart-tek Solutions reports as filed with the U.S. Securities and Exchange Commission from time to time, including but not limited to its most recent annual report on Form 10-KSB for the year ended June 30, 2005 and quarterly report on Form 10-QSB the quarter ended March 31, 2006 for further information and factors that may affect Smart-tek Solutions business and results of operations. Smart-tek Solutions Inc. undertakes no obligations to publicly update any forward-looking statements to reflect future events or circumstances.
CONTACT: Peter Nasca Associates, Inc. Peter Nasca (305) 937-1711
Posted by J_U_ICE on :
CPPT (.20) Delivers the First Stage STeP(R) Oil and Gas Report to a Major International Oil and Gas Exploration and Production Company
Business Wire "US Press Releases "
NEW YORK--(BUSINESS WIRE)--
CompuPrint, Inc. (OTCBB:CPPT), an energy and natural resource exploration technology company, has received the first payment of $750,000 from a major oil and gas exploration and production company in connection with a $2.5 million service contract the Company received in August 2006. The Company has completed its preliminary analysis of the contracted off-shore African oil and gas drilling prospect and delivered its first stage STeP analysis report. Under the agreement, the Company has now earned an additional progress payment of $375,000. Under the contact, the remaining two payments are to be paid over the next sixty days, with the last payment being made on delivery of the final report.
In preparing its analysis, the Company utilizes a proprietary technology STeP which is based on interpretation of satellite data to effectively identify oil and gas as well as other minerals subsurface. CompuPrint conducts its operations through its wholly owned subsidiary, Terra Insight Corporation (TIC).
"We are proud that one of the world leaders in off-shore oil and gas exploration recognizes the value of STeP(R). Our technology will enable our client to more effectively and efficiently exploit its exploration efforts and achieve substantial time and dollar savings," said Roman Rozenberg, CompuPrint's Chief Executive Officer. "We have already demonstrated that we can help substantially reduce the number of dry holes in off-shore drilling. We are optimistic that our STeP(R) technology will open more opportunities to work with this client and other major exploration companies. The Company is currently in negotiations with several potential clients to render services."
About CompuPrint, Inc.
CompuPrint, Inc., through its wholly owned subsidiary, Terra Insight Corporation, provides subsurface surveying, and analytical services for exploration, drilling, and mining companies. The Company primarily uses satellite-based STeP technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources. The Company interprets and quantifies geologic and satellite data to develop the assessment of natural resources for any given geographic area - on or off shore. The Company, through its subsidiaries and affiliates holds (1) six licenses to approximately 1 million acres off-shore Namibia for diamond exploration, (2) a participation interest in a diamond prospect in the Congo, (3) a working interest in a 1 million acre Kurdistan oil prospect, (4) leases for oil and gas parcels totaling more than 16,000 acres of land in the Rail Road Valley and White River Valley areas of Nevada and (5) oil and gas leases oil and gas leases in East and South Texas,. For more information visit http://www.terrainsight.com.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its plans to acquire additional exploration properties, plans to drill or drilling results to fail to materialize: competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions.
Source: CompuPrint, Inc.
Posted by J_U_ICE on :
ADVB (.08) Completes Stock Sale and Debt Conversion
Business Wire "US Press Releases "
CHICAGO--(BUSINESS WIRE)--
Advanced Biotherapy, Inc. (OTCBB:ADVB) announced today that it has completed the sale of common stock to Richard P. Kiphart and other new investors in the amount of $5.4 million. This investment, plus the previous $1.1 million invested by Richard P. Kiphart around August 28, 2006, completes the $6.5 million capital raise previously announced by the Company. The Company also announced the conversion of all convertible notes, other promissory notes and accrued salaries owed by the Company, except for a nominal amount which was paid out in cash. The Company has no long-term debt and has approximately $6.2 million in cash, as of October 12, 2006.
About Advanced Biotherapy
The Company, a pioneer in anticytokine therapy, has demonstrated the effectiveness of its pioneering scientific strategy by conducting investigational clinical trials treating patients suffering from AIDS, multiple sclerosis, rheumatoid arthritis, corneal transplant rejection and certain autoimmune skin conditions, including alopecia, all Th1 mediated autoimmune diseases which appear to have the same proinflammatory Th-1 activity. Advanced Biotherapy is headquartered in Chicago with laboratories in Columbia, Maryland. The company has an extensive patent portfolio including 7 issued patents.
Forward-Looking Statements
Statements made in this news release, other than statements of historical fact, are forward-looking statements and are subject to a number of uncertainties that could cause actual results to differ materially from the anticipated results or other expectations expressed in our forward-looking statements. Some of these forward-looking statements may be identified by the use of words in the statements such as "anticipate," "estimate," "could" "expect," "project," "intend," "plan," "believe," "seek," "should," "may," "assume," "continue," variations of such words and similar expressions. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict. Readers are cautioned not to place reliance on these forward-looking statements, which speak only as of the date the statements were made. See the Company's public filings with the Securities and Exchange Commission for further information about risks and uncertainties that may affect the Company and the results or expectations expressed in our forward-looking statements. Given these risks and uncertainties, any or all of these forward-looking statements may prove to be incorrect. Therefore, you should not rely on any such forward-looking statements. Except as required under federal securities laws, we do not intend to update publicly any forward-looking statements to reflect actual results or changes in other factors affecting such forward-looking statements.
Source: Advanced Biotherapy, Inc.
Posted by J_U_ICE on :
ACTC .66
Advanced Cell Technology's Dr. Robert Lanza Will Be a Featured Speaker at the 6th Annual Stem Cells & Regenerative Medicine Meeting 10/13/2006
ALAMEDA, Calif., Oct 13, 2006 (BUSINESS WIRE) -- Advanced Cell Technology, Inc.'s (OTCBB:ACTC) Robert Lanza, M.D., Vice President of Research & Scientific Development, will speak on "Human ESC-Derived Cells for Rescue of Visual Function and Repair of Vascular Damage," at the 6th Annual Stem Cells & Regenerative Medicine meeting October 16-17, 2006 at the Renaissance Pittsburgh Hotel in Pittsburgh, PA. Dr. Lanza will present on Monday, October 16th at 9:30 a.m. and such presentation shall be available on the company's website.
Embryonic stem cells promise to provide a well-characterized and reproducible source of replacement tissue for human clinical studies. Two early potential applications of this technology are the use of human embryonic stem cell (hESC)-derived retinal pigment epithelium (RPE) for the treatment of retinal degenerative diseases such as macular degeneration and retinitis pigmentosa, and the use of hESC-derived hemangioblasts for vascular restoration of organs and limbs. Recent progress using these cells to affect substantial functional and morphological rescue in animals will be discussed.
About Advanced Cell Technology, Inc.
Advanced Cell Technology, Inc. is a biotechnology company applying stem cell technology in the emerging field of regenerative medicine. The company operates facilities in Alameda, California and Worcester, Massachusetts. For more information about the company, please visit http://www.advancedcell.com.
Forward-Looking Statements
Statements in this news release regarding future financial and operating results, future growth in research and development programs, potential applications of our technology, opportunities for the company and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: limited operating history, need for future capital, risks inherent in the development and commercialization of potential products, protection of our intellectual property, and economic conditions generally. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in the company's periodic reports, including the report on Form 10-QSB for the quarter ended June 30, 2006.
Forward-looking statements are based on the beliefs, opinions, and expectations of the company's management at the time they are made, and the company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.
SOURCE: Advanced Cell Technology, Inc.
The Investor Relations Group Investor Relations: James Carbonara Media Relations: Bill Douglass 212-825-3210 or Financial Communications: Trilogy Capital Partners Paul Karon, 800-592-6067 paul*trilogy-capital.com
Copyright Business Wire 2006
Posted by matto on :
Advanced Cell Technology's Dr. Robert Lanza Will Be a Featured Speaker at the 6th Annual Stem Cells & Regenerative Medicine Meeting 10/13/2006
Posted by wallymac on :
Patriot Scientific Files Form 10-KSB for Fiscal Year 2006 Friday October 13, 5:31 pm ET
CARLSBAD, Calif., Oct. 13 /PRNewswire-FirstCall/ -- Patriot Scientific Corporation (OTC Bulletin Board: PTSC - News) today filed its 10-KSB annual report for its fiscal year ending May 31, 2006. The report, filed with the U.S. Securities and Exchange Commission, includes audited financial statements for its fiscal year and related disclosures concerning the company's results of operations and financial condition during that period. The company also announced that its new web site will be launched on Monday at www.ptsc.com, where a copy of the company's 10-KSB will be available. ADVERTISEMENT
Patriot Scientific's consolidated financial statements reflect net income of $28,672,688 for the fiscal year ending May 31, 2006, with revenue of $35,895,449 million as its share of distributions from licensing agreements related to the MMP Patent Portfolio. The report also disclosed that during the period from June 1, 2006 through October 3, 2006, Phoenix Digital Solutions, which is jointly owned by Patriot Scientific and the TPL Group, entered into MMP portfolio license agreements with third parties, pursuant to which Phoenix Digital received aggregate proceeds totaling $32,699,000. The dollar amount for each licensing deal varies. Each is dependent on the relevance of the patents to each licensee's revenue and the extent to which the patented technology is incorporated into specific products, rather than on the total revenue from all products of the licensee.
Patriot Scientific and The TPL Group are co-owners of the MMP Portfolio, which Alliacense(TM), a TPL Group enterprise, exclusively manages. The MMP Portfolio patents, filed in the 1980s, protect design techniques that have become essential to a myriad of consumer and commercial digital systems ranging from DVD players, cell phones and portable music players, to communications infrastructure, medical equipment and automobiles.
"Patriot Scientific has undergone tremendous positive change in the last year," said David Pohl, Patriot Scientific chairman and CEO. "The shift away from developing and marketing our own Ignite microprocessor to focus primarily on revenue from the licensing of our patent portfolio has bolstered the financial strength of the company. We are excited about the next phase of our plan that has already begun in which we are evaluating opportunities to diversify our revenue stream through possible joint ventures or acquisitions, all with the goal of increasing shareholder value."
Activities at Patriot Scientific that have occurred thus far in calendar year 2006, which includes the last six months of the fiscal year covered in the 10-KSB include:
- Nine MMP portfolio licenses have been sold in the first nine months of the year - Over 300 companies have been notified that they are licensing candidates - Unprecedented among microcap stocks, two cash dividends in 2006 - Announced open market buy-back program for shares - Conversion and retirement of all outstanding debentures
Due to activities related to preparation and filing of restated financials for fiscal 2002 through 2005 as previously announced, Patriot Scientific has filed a notice to take the allowable five-day extension to file the fiscal 2007 first quarter 10-Q financial report for the three month period ending August 30, 2006. That document will be filed October 23, 2006. Patriot Scientific has been advised that the character "E" that has been appended to the company's trading symbol pending the filing of the company's annual report will be removed today.
About Patriot Scientific
Patriot Scientific is a leading intellectual property licensing company that develops, markets and enables innovative technologies to address the demands in fast-growing markets such as wireless devices, smart cards, home appliances and gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices and industrial controllers. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.ptsc.com.
The patent portfolio, marketed as the Moore Microprocessor Patent Portfolio, contains intellectual property that is jointly owned by the publicly held Patriot Scientific Corporation and the privately held TPL Group. The portfolio encompasses seven U.S. patents as well as their European and Japanese counterparts. Both TPL and Patriot assert that their jointly owned patents protect techniques used in designing microprocessors, microcontrollers, Digital Signal Processors (DSPs), embedded processors and System-on-Chip (SoC) implementations. The MMP Portfolio is exclusively managed by Alliacense, a TPL Group Enterprise.
Moore Microprocessor Patent, MMP and Alliacense are trademarks of Technology Properties Limited (TPL). PTSC and Ignite are trademarks of Patriot Scientific Corporation. All other trademarks belong to their respective owners.
CONTACTS: Patriot Media Relations The Hoffman Agency David Friedman (303) 868-9641 dfriedman*hoffman.com
Patriot Investor Relations Hawk Associates Frank Hawkins or Ken AuYeung (305) 451-1888 info*hawkassociates.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
Posted by Linux2 on :
GITH .03
NEW YORK, Oct. 14, 2006 (PRIMEZONE) -- Platinum IT Consulting Inc., a subsidiary of Global IT Holding Company (Pink Sheets:GITH), announced that in conjunction with their affiliated company Parker Clark, they have posted an increase in sales revenue in the third quarter compared to last year and the total sales for the year to date have now reached $2.9 million.
Mr. Ralph Clark, President of Platinum IT Consulting Inc., a leading company supplying specialized IT personnel, also predicts growth in the fourth quarter saying, "based upon the increase that we see coming up from several sectors including utilities, retail, publishing and insurance clients, we expect to see a 5-10% increase in the fourth quarter, which would bring sales to around $4 million for the year."
The announcement of increased third quarter sales revenue is more positive news for the company, who also recently entered into a strategic partnership with Global Consulting Solutions (www.globalconsultingus.com). Global Consulting Solutions is a full service enterprise software consulting organization specializing in JD Edwards, Enterprise One World Software and web applications design and development.
This strategic partnership will enable the company to offer new software solution products to its existing clients using Global Consulting Solutions' expertise. Global Consulting Solutions in turn will be able to assist its clients in the areas of permanent staffing and consultant sourcing by utilizing Platinum IT's resources. Platinum IT estimates that two sales recently completed, related to this new strategic partnership, could add an additional 10-15% revenue to Platinum IT annually.
Focusing on the industry at large, Mr. Clark sees market forces combining over the next few years to drive up demand for a decreasing supply of specialized IT personnel, saying, "A range of factors have combined recently to shift the balance in the IT recruiting sector so that we now have a situation that is beginning to look more like the years prior to Y2K."
He elaborating, by adding: "For one thing, restrictions on H-1B visas (a visa category that makes it expedient to bring foreign-born professionals temporarily to the United States) are making it harder for qualified people to get into the U.S. and also, businesses across the board are finding they have to re-invest in new software and hardware to stay ahead of their competition. To a lesser degree the offshore outsourcing trend seems to be reversing somewhat, which also contributes to demand. At Platinum, we both source personnel for companies and offer custom software solutions, so whether it's Oracle, SQL Server or Sybase and the software is SAP, JD Edwards, PeopleSoft or the like, the qualified personnel are becoming harder to find and that will inevitably place upward pressure on pricing."
Mr. Clark foresees this tightening of the market to last for at least the next two years unless qualified IT workers who left the industry after 2001 can be enticed to re-enter the market.
About Platinum IT Consulting
Platinum IT Consulting, Inc. was established in 1986 and has sales offices in New York City and Madison, NJ. In 2004, Platinum IT became part of the Global IT Holdings, Inc. family of companies. Global IT Holdings, Inc. is a New York-based holding company created to acquire targeted IT staffing firms. The company's current holdings include Platinum IT Consulting and its associated company, Parker Clark Data Processing.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.
CONTACT: Platinum IT Consulting, Inc. Ralph Clark (212) 983-5630 ext. 222 rclark*parkerclark.com www.platinumit.com
Source: PrimeZone (October 14, 2006 - 10:59 PM EST)
Posted by J_U_ICE on :
VSTL .51
Vistula Communications Services announces agreement with Telstra 10/16/2006
Oct 16, 2006 (TELECOMWORLDWIRE via COMTEX News Network) -- VoIP services provider Vistula Communications Services (OTCBB: VSTL) has announced that it has entered into agreements with Telstra Europe Ltd, a provider of voice and Internet services, relating to Vistula's Order-to-Cash ("O2C") Managed Office software platform and the management of Telstra accounts using the O2C software.
Under the terms of the agreements Vistula has granted a global license to Telstra Europe for the O2C software for the serviced office marketplace. In addition, Telstra Europe has outsourced the support and management of its O2C client base to Vistula for a minimum period of eighteen months.
Vistula's O2C product is perceived by Telstra as a source of new business clients for the company's whole of business product suite, especially as it interfaces to Telstra's Vistula-provided IP-PBX, claimed the international managing director at Telstra.
No financial details of the agreement were disclosed.
Comments on this story may be sent to tww.feedback*m2.com
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Posted by J_U_ICE on :
CPTH .15
Critical Path's Memova Messaging and Memova Anti-Abuse selected by largest ISP in Vietnam 10/16/2006
Memova solutions chosen to provide reliable and secure messaging services to Vietnam Datacommunication Company customers
SAN FRANCISCO, Oct 16, 2006 (M2 PRESSWIRE via COMTEX News Network) -- Critical Path, Inc. (OTC:CPTH), a leading provider of messaging software and services, today announced the implementation of a new consumer messaging and security platform for Vietnam Datacommunication Company (VDC), the largest ISP in Vietnam. Through a competitive bid, VDC selected Critical Path's Memova Messaging and Memova Anti-Abuse solutions to power its next-generation messaging infrastructure and to meet increasing demand for consumer email services in the Vietnamese market. CASCADE Ltd., a leading systems integrator and wholly-owned subsidiary of PCCW Ltd., and DTS Communication Technologies Corporation will implement the Critical Path solutions for VDC.
Along with Indiaand China, the Vietnamese market is one of the major growth centers in Asia. In fact, between 2003 and 2005, the number of Internet users in Vietnamincreased by 67 percent* and experts expect this growth to continue. To meet this anticipated demand, VDC needed a highly scalable messaging platform and chose Critical Path's Memova Messaging solution, which is used by customers worldwide to support millions of users. VDC will also deploy the Memova Anti-Abuse solution - a plug-and-play appliance that protects subscribers from unwanted and unsafe messages.
"Selecting this turnkey solution helps us to build a scalable email platform which greatly enhances the value-added services we can offer our customers," said Vu Hoang Lien, CEO of VDC. "We are well-positioned to deploy our first-phase services quickly and cost-effectively, and to grow our email services rapidly."
With the Memova platform, VDC customers have access to a rich email experience free from spam, viruses and other malicious content. Offering support for POP, IMAP, WAP and Web-based email, Memova Messaging will help VDC build customer loyalty and provide the foundation for value-added services that will take messaging beyond email and create a growing profit center in the future.
"Memova is the optimal platform for VDC to support its growing customer base. Its proven reliability and scalability, along with the ability to add a variety of value-added services, ensures VDC can offer high-quality service enhancements without having to upgrade its infrastructure down the road," said Ted Hsiung, Head of Business Development, CASCADE. "We look forward to working with Critical Path to bring Memova software and CASCADE services to VDC, as well as other customers."
In the future, VDC can easily deploy value-added services on top of email with Memova Messaging, such as: Universal Contacts, a network address book that enables users to access synchronized contacts through any application or device; Digital Life, a service that allows subscribers to create and exchange multimedia content with an online community; and Media Mail, a service that offers subscribers the ability to send massive files - even files over one Gigabyte in size - to any recipient, regardless of their email service provider.
"The Vietnamese market is a major Asian growth center and Memova Messaging will provide VDC with the capabilities it needs to thrive as its subscriber base continues to evolve," said Donald Dew, CTO, Critical Path.
VDC expects to complete its migration to the Memova platform by the end of 2006.
About VDC
Vietnam Datacommunication Company (VDC), a state owned company under the Vietnam Post and Telecommunication Corporation (VNPT), is a leading company in the field of information technology in Vietnam. VDC provides Internet (taking 65% market share of Vietnam), VoIP (taking 75% market share of Vietnam), Data transmission (taking 90% market share of Vietnam), Integrated Solution, Software and Value Added services. For information about VDC and its products and services, visit the company Web site: http://vdc.com.vn About Critical Path Inc.
Critical Path's Memova solutions provide a new and improved email experience for millions of consumers worldwide, helping mobile operators, broadband and fixed-line service providers unlock the potential of email in the mass market. Memova Mobile gives consumers instant, on-the-go access to the messages that matter most. Featuring industry-leading anti-spam and anti-virus technology, Memova Anti-Abuse protects consumers against viruses and spam. Memova Messaging provides consumers with a rich email experience, enabling service providers to develop customized offerings for high-speed subscribers. Headquartered in San Franciscowith offices around the globe, Critical Path's messaging solutions are deployed by more than 200 service providers throughout the world. More information is available at www.criticalpath.net.
This press release contains forward-looking statements by the Company and its executives regarding the performance of our product and service offerings, the future release of our products and services and our customer's products and services which include our offerings, the ability of our customers to achieve cost savings and improve revenues in the provision of services, industry trends, market and customer requirements, the ability of our products and services to meet the business needs of our customers, the market for products and services like ours and the performance of our senior management in achieving strategic goals. The words and expressions "look forward to," "will," "expect," "plan," "believe," "seek," "strive for," "anticipate," "hope," "estimate" and similar expressions are intended to identify the Company's forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, our evolving business strategy and the emerging and changing nature of the market for our products and services, our ability to deliver on our sales objectives, the ability of our technology and our competitors' technologies to address customer demands, changes in economic and market conditions, and software and service design defects. These and other risks and uncertainties are described in more detail in the Company's filings with the U.S. Securities and Exchange Commission (www.sec.gov) made from time to time including Critical Path's Annual Report on Form 10-K for the fiscal year ended December 31, 2005, Forms 10-Q for the three months ended March 31 and June 30, 2006, and Current Reports on Form 8-K, as may be amended from time to time, and all subsequent filings with the United States Securities and Exchange Commission (www.sec.gov). The Company makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.
Note to Editors:
Critical Path, the Critical Path logo, Memova and the Memova logo are the trademarks of Critical Path, Inc., registered in various jurisdictions. All other trademarks are the property of their respective holders.
CONTACT: Michelle Weber, Critical Path Corporate Communications Tel: +1 415 541 2575 e-mail: pr*criticalpath.net Sophie Davis, Fleishman-Hillard - Europe Tel: +44 (0)20 7395 7048 e-mail: daviss*fleishmaneurope.com Michael Sznajdruk, High Road Communications - North America Tel: +1 416 644 2278 e-mail: msznajdruk*HighRoad.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
Posted by J_U_ICE on :
FSRT .42
FreeStar Technology's Rahaxi Processing Oy. Achieves EMV Mastercard Finnish Certification for Thyron Systems's Mobile Payment Terminals 10/16/2006
To Provide Card Terminals in Retail Stores, Buses and Taxis
DUBLIN, Ireland, Oct 16, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT) an international card payments processor and technology company, today announced that its subsidiary Rahaxi Processing Oy., based in Helsinki, has enabled Thyron Systems to achieve EMV-certification for its mobile payment terminals in the Finnish market.
Thyron Systems specializes in the development of cost effective payment solutions to businesses in the retail, hospitality and transportation industries. Thyron Systems is a market leader in mobile and portable payment solutions and is one of the few manufacturers to have received the EMV MasterCard certification for its payment terminals in Finland.
Thyron Systems will provide Rahaxi Processing with the latest Chip & Pin (C&P) accredited payment terminals exclusively for the Finnish market.
As a result of Thyron's EMV certification in Finland, Rahaxi Processing has purchased 500 Thyron Systems mobile terminals and has placed orders for 1,000 more to satisfy the demand. Rahaxi Processing estimated that 2,000 Thyron mobile terminals will be used by buses, 1,600 by taxies and about 1,500 by restaurants, delivery services and breweries over the next twelve months in Finland.
Paul Egan, chief executive officer of FreeStar Technology, said, "We are proud that Thyron Systems mobile terminals have achieved the rigorous EMV certification in Finland."
"Our ability to offer EMV certified, state of the art mobile payment devices from an established brand name like Thyron Systems will help us in expanding our merchant base and ensuring our position as a leading payment processor in Finland," he added.
"Now," he concluded, "we can launch a mobile payment solution for the retail, hospitality and transportation industries immediately. We are eager to work with Thyron Systems in exploring opportunities in the key markets outside Finland once we establish our footprint in the Finnish market."
Garrett Clifford, sales manager, Thyron Systems, said, "We are delighted to receive EMV certification for our mobile payment systems in Finland."
"Since our first meeting with Rahaxi in March, I have been extremely impressed at how quickly this project has moved. Undoubtedly, Rahaxi Processing is now a prime candidate to place mobile and portable solutions throughout Finland. Rahaxi Processing has worked very thoroughly in ensuring that this certification process went without any hitches."
"It was passed by Mastercard on the first submittal, which proves that Thyron Systems made a wonderful choice in choosing Rahaxi Processing as its exclusive partner for Finland," he said.
ABOUT FREESTAR TECHNOLOGY CORP. (www.freestartech.com or www.rahaxi.com)
FreeStar Technology Corp. is a payment processing company. Its wholly owned subsidiary Rahaxi Processing Oy., based in Helsinki, has a robust Northern European BASE24 credit card processing platform. Rahaxi Processing currently processes in excess of 1.8 million card payments per month for such companies as Finnair, Ikea and Stockmann. FreeStar Technology is focused on exploiting a first-to-market advantage for its Enhanced Transactional Secure Software, which is a software package that empowers consumers to consummate e- commerce transactions with a high level of security using credit, debit, ATM (with PIN) or smart cards. The company, based in Dublin, Ireland, maintains satellite offices in Helsinki, Stockholm and Santo Domingo, Dominican Republic. For more information, please visit www.freestartech.com and www.rahaxi.com
ABOUT THYRON SYSTEMS LTD.
Thyron Systems Ltd, a UK-based company with an established pedigree in the mobile payment sector, specializes in the creation and development of cost effective payment solutions to businesses in the retail, hospitality and transportation space. Located just north of London in Watford, Thyron is an independent privately owned company, which has increased its presence in several mainland European territories in recent years. Thyron has worked with the major UK and Irish acquiring banks during the recent roll out of Chip and Pin in both locations. For more information, please visit http://www.thyron.com.
Forward looking statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. When used in this press release, the words "expects," "anticipates," "believes," "plans," "will" and similar expressions are intended to identify forward-looking statements. These are statements that relate to future periods and include, but are not limited to, statements regarding our adequacy of cash, expectations regarding net losses and cash flow, statements regarding our growth, our need for future financing, our dependence on personnel, and our operating expenses. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, those discussed above as well as risks set forth above under "Factors That May Affect Our Results." These forward-looking statements speak only as of the date hereof. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The companies caution that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in FreeStar's Form 10-KSB filing and other filings with the U.S. Securities and Exchange Commission (available at http://www.sec.gov). FreeStar undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.
SOURCE FreeStar Technology Corp.
Investor Relations: Arun Chakraborty of Stern & Co., +1-212-888-0044, achakrab*sternco.com, or Paul Egan of FreeStar Technology Corporation, +1-809-368-2001, pegan*freestartech.com http://www.freestartech.com
Copyright (C) 2006 PR Newswire. All rights reserved
Posted by J_U_ICE on :
HQSM .28
HQ Expands Range of Products and Reveals Details of Expansion 10/16/2006
HQSM Rolls Out More Toxin-Free "TiLoveYa"(TM) Products at West Coast Seafood Show
LOS ANGELES, CA, Oct 16, 2006 (MARKET WIRE via COMTEX News Network) -- HQ Sustainable Maritime Industries, Inc. (HQ) (OTCBB: HQSM), a leader in toxin-free integrated aquaculture and aquatic product processing, announced today at the West Coast Seafood Exposition in Los Angeles, (See http://www.westcoastseafood.com), that it has rolled out a series of new products under its toxin free Tilapia brand "TiLoveYa."(TM) The products include HQ's skin-on "Tailgate TiLoveYa"(TM) fillet, a breaded fillet, and block frozen deep skinned fillets. The brand is designed to celebrate the health benefits of HQ's Tilapia produced in the pristine Hainan Island in China, an ecological haven where polluting heavy industry is not allowed. The Island economy has been centered on tourism and agro-food production. HQ's freshwater Tilapia products are furthermore made without hormones, antibiotics and free of the levels of heavy metals and other toxins associated with Ocean-harvested products. Mercury levels in Tilapia are negligible when compared with almost all ocean caught species according to the US Environmental Protection Agency (See http://www.cfsan.fda.gov/~frf/sea-mehg.html).
Finally HQ revealed the planned feedmill layout and the processing plant layout, which will be posted later this week to the HQ website at www.hqfish.com.
Lovers of healthy toxin-free products will have a greater range of "TiLoveYa"(TM) Tilapia products.
Said Mr. Trond Ringstad, executive VP Sales and Distribution, "The response to HQ's toxin-free, quality-first, vertically integrated model as represented by the 'TiLoveYa'(TM) brand has exceeded all of my expectations. We are close to finalizing several major supply contracts to national food service and retail clients with our unique products."
About HQ Sustainable Maritime Industries, Inc.
HQ Sustainable Maritime Industries, Inc. is an integrated aquaculture and aquatic product processing company, with operations based in the environmentally pristine island province of Hainan, in the South China Sea. HQ practices cooperative sustainable aquaculture, using nutraceutically enriched feeds and conducting fish processing and sales. The company is dedicated to sustainable toxin-free methods giving its customers the purest products possible. The Company holds HACCP certification from the U.S. FDA and the EU Code assignment of quality, permitting its products to be sold in these international markets. It owns a nutraceuticals and health products company, which is HACCP certified, and produces and sells products subject to stringent laboratory tests certified by the China Ministry of Health. This plant produces nutraceuticals, which enrich feed used by HQ's cooperative aquaculture operations. In addition to headquarters in Seattle and operational offices based in Haikou, Hainan, HQ has offices in Hong Kong, Beijing, and Shanghai. (http://www.hqfish.com).
Certain statements in this press 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 HQ Sustainable Maritime Industries, Inc. (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; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."
Consulting For Strategic Growth I, Ltd. ("CFSG") provides HQ Sustainable Maritime Industries, Inc. (HQ) with consulting, business advisory, investor relations, public relations and corporate development services, for which CFSG receives a fixed monthly fee for the duration of the agreement. Independent of CFSG's receipt of cash compensation from HQ, CFSG may choose to purchase the common stock of the company and thereafter sell those shares at any time it deems appropriate to do so.
Copyright 2006 Market Wire, All rights reserved.
Posted by J_U_ICE on :
WEGY .40
UTEK Completes Technology Transfer with World Energy Solutions, Inc. 10/16/2006
A Transfer Includes Worldwide Exclusive License for Technology to Enhance Indoor Air Quality and Safety
TAMPA & ST. PETERSBURG, Fla., Oct 16, 2006 (BUSINESS WIRE) -- UTEK Corporation (AMEX:UTK) (LSE-AIM:UTK), a specialty finance company focused on technology transfer, and World Energy Solutions, Inc. (OTCBB:WEGY), a company engaged in the business of energy conservation, are pleased to announce that World Energy Solutions, Inc. has acquired Pure Air Technologies, Inc., a wholly owned subsidiary of UTEK Corporation, in a stock transaction.
Pure Air Technologies, Inc. holds a worldwide exclusive license for a technology, developed by researchers at the University of Florida designed to help eliminate hazardous organic chemicals and microorganisms from indoor environments. The technology generates ozone within a building's heating, ventilating and air conditioning system, eliminating organic pollutants and microorganisms, and then converts the ozone to O(2) and water vapor.
"World Energy Solutions, Inc. is excited about the implementation of this technology because of its potential impact on indoor air quality and safety," said Benjamin Croxton, Chief Executive Officer of World Energy Solutions, Inc.
"UTEK is pleased to consummate this technology transfer with World Energy Solutions, Inc. and we look forward to continuing our efforts to identify additional technology acquisition opportunities for its consideration," said Jeffrey D. Bleil, Ph.D., Chief Technology Officer for UTEK Corporation.
About World Energy Solutions, Inc.
World Energy Solutions, Inc. (WES) is an Energy Services Company (ESCO) and electronics manufacturer. WES's primary business focus is the utilization of technology, techniques and common sense in lowering electrical, gas and water usage for commercial, government and residential facilities. As an ESCO, WES develops, installs and finances projects designed to improve the energy efficiency and maintenance costs for facilities over a ten to twenty year time period. In addition to the energy conservation related capabilities, WES also manufactures and distributes transient voltage surge suppressors. For more information about WES please visit its website at www.wesinc.net.
About UTEK Corporation
UTEK(R) is a specialty finance company focused on technology transfer. UTEK's services enable companies to acquire innovative technologies from universities and research laboratories worldwide. UTEK facilitates the identification and acquisition of external technologies for clients in exchange for their equity securities. This unique process is called U2B(R). In addition, UTEK offers companies the tools to search, analyze and manage university intellectual properties. UTEK is a business development company with operations in the United States, United Kingdom and Israel. For more information about UTEK, please visit its website at www.utekcorp.com.
Forward-Looking Statements
Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words, such as UTEK or World Energy Solutions, Inc. "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UTEK's or World Energy Solutions, Inc.'s future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of UTEK or World Energy Solutions, Inc., as appropriate, and the valuation of UTEK's investment portfolio, which could cause actual results to differ materially from those currently anticipated. Although UTEK and World Energy Solutions, Inc. believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements, and some of these factors are discussed below. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and both UTEK and World Energy Solutions, Inc. do not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
UTEK's operating results could fluctuate significantly due to a number of factors. These factors include the small number of transactions that are completed each quarter, the value of individual transactions, the timing of the recognition and the magnitude of unrealized gains and losses, UTEK's dependence on the performance of companies in its portfolio, the possibility that advances in technology could render the technologies it has transferred obsolete, the loss of technology licenses by companies in its portfolio, the degree to which it encounters competition in its markets, the volatility of the stock market and the volatility of the valuations of the companies it has invested in as it relates to its realized and unrealized gains and losses, the concentration of investments in a small number of companies, as well as other general economic conditions. As a result of these and other factors, current results may not be indicative of UTEK's future performance. For more information on UTEK and for a more complete discussion of the risks pertaining to an investment in UTEK, please refer to UTEK's filings with the Securities and Exchange Commission.
SOURCE: UTEK Corporation
UTEK Corporation, Tampa Tania Bernier (USA), 813-754-4330 x 223 or Consulting for Strategic Growth 1 Stan Wunderlich, 800-625-2236 or Bankside Consultants (UK) Steve Liebmann or Simon Bloomfield, + 44 (0) 20-7367-8883 or World Energy Solutions, Inc. Benjamin Croxton, 727-525-5552
Copyright Business Wire 2006
Posted by Madge on :
(UPDA .07)
Landmark Completes Installation of New High Pressure Natural Gas Compressor -- Turns 20 Wells to Production in UPDA's Catlin Field -- 10 Additional Wells to be Turned On This Week 06:29 a.m. 10/16/2006 Provided by
JACKSBORO, Texas, Oct 16, 2006 (BUSINESS WIRE) -- Landmark 4, LLC has completed the installation of the new natural gas compressor in Universal Property Development and Acquisition Corporation (UPDA) subsidiary's, Catlin Oil and Gas Field in Jack County, Texas and over the weekend brought 20 wells on line and into production.
According to Landmark's Steve Swain, "the initial results are very promising. As soon as we turned on the wells, they all brought fluid to the surface immediately. This is a strong indication of solid production potential as the wells maintained substantial pressure while they were shut in. For the next few days, we will continuously monitor the wells while we stabilize the pressure so that we can maximize the production. It appears that the pressure was not properly maintained by the previous operator of these wells and they look like they will be able to produce much more gas than we initially believed while they continue to generate significant oil now that they will be properly operated."
In addition to the 20 wells that were turned on from the Mathis, Maxwell, WA Beggs, WB Beggs and Boaz leases, Landmark continues to work on the Matlock lease and expects to turn it to production by the end of the week.
"In my 30 years in this business, I have never seen anything like what we found on the Matlock," continued Landmark's Swain. "When we pulled the tubing from the well, we found an old drill bit welded to the end. It looks like they were trying to produce the well through the two small holes in the bit, which is ridiculous. We removed all of the tubing and tested the casing and determined that it does not leak. Once we replace the tubes and rods and spot acid the well later this week, I expect it will produce like a new well."
Swain concluded by saying, "With 60,000 feet of new pipeline and all new separators to fill, actual and accurate production figures will not be available until at least the middle of the week. The manner in which the wells reacted and the pressure we are finding in the pipelines, however, make me very optimistic about those results. As good as I feel about what we have accomplished so far, I honestly believe the wells will be working on next will be even better than the ones we just turned on."
The progress of these projects will be reported by UPDA as it continues to update its website at: www.universalpropertydevelopment.com .
Posted by atleast on :
GS AgriFuels Corporation (OTC Bulletin Board: GSGF) today announced the conversion by GreenShift Corporation (OTC Bulletin Board: GSHF), GS AgriFuels' majority shareholder, of its GS AgriFuels preferred stock into common stock.
The conversion brings GS AgriFuels' outstanding common stock to about 28 million shares, of which GreenShift holds 26 million. This amount does not include the impact of the GS AgriFuels' June 2006 financing agreements with Cornell Capital Partners, LP, pursuant to which Cornell agreed to provide GS AgriFuels with $22 million in financing to support GS AgriFuels' development efforts.
Under the relevant financing agreements, Cornell agreed to purchase $22 million in GS AgriFuels debentures that are convertible into GS AgriFuels common stock at $3.00 per share. Cornell provided an initial $5.5 million of this amount in June 2006 and agreed to provide the balance in line with GS AgriFuels satisfaction of key benchmarks in its development plans.
If fully funded and converted, the Cornell investment would equate to an additional 7,333,333 shares of GS AgriFuels common stock issuable at $3.00 per share, plus an additional 1,125,000 warrants exercisable into GS AgriFuels common stock issuable at par value. This corresponds to a total of about 36 million shares when added to GS AgriFuels' current outstanding common stock.
"Rationalizing our capital structure is an important next step in our development plans," said Kevin Kreisler, GS AgriFuels' chairman and chief executive officer. "We have been methodically executing our plans to date - we have a good deal of feedstock and offtake under contract, we have qualified a number of sites for our planned agrifuel production facilities, and we are in the process of internalizing our own infrastructure development capabilities."
Pending Acquisition
GS AgriFuels recently announced its execution of an agreement to acquire NextGen Fuel, Inc., a producer of modular, continuous-flow multi-feedstock biodiesel process equipment based on NextGen's patent-pending process intensification technology. Under the terms of the acquisition agreement, GS AgriFuels will acquire 100% of the stock of NextGen in return for about $20,000,000 in cash, about $2,000,000 of which is to be paid in line with increases in NextGen's sales. The closing of the acquisition is subject to GS AgriFuels' completion of financing and the agreement is terminable if the acquisition does not close on or before November 15, 2006.
Development of Production Facilities
GS AgriFuels is currently developing several sites for the construction of its planned agrifuel production facilities. Its planned Memphis facility is designed to have an initial nameplate capacity of 10 million gallons of biodiesel and will include a NextGen system. GS AgriFuels expects to scale this facility with a series of modular NextGen systems to in excess of 45 million gallons per year given that facility's location in a major distribution hub.
GS AgriFuels has executed agreements to purchase about 27 million gallons of hedged biodiesel feedstock to process in its planned future production facilities, about 22 million gallons of which is expected to come from GS AgriFuels' sister company, GS CleanTech Corporation (OTC Bulletin Board: GSCT), during 2007 and 2008 as GS CleanTech implements its various contracts to use its technologies to extract and purchase biodiesel feedstock from the by-products of ethanol production and animal processing facilities.
About GS AgriFuels Corporation
GS AgriFuels Corporation (OTC Bulletin Board: GSGF) was founded to produce and sell clean fuels from agriproducts in innovative new ways that allow producers of agriproducts, their local communities and consumers to save money, reduce pollution and contribute to energy independence.
GS AgriFuels intends to build a number of clean fuel production facilities in America under its Mean Green brand. GS AgriFuels' chief ambition is to get cleaner, greener burning fuels grown in the U.S.A. in as many engines as possible, as quickly as possible.
GS AgriFuels is about 90% 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
Posted by The Phat Man on :
SCRA.pk (.63)
AP Sea Containers Files for Bankruptcy Monday October 16, 7:46 am ET Sea Containers Files for Chapter 11 Protection in U.S., Says U.K. Rail Service Not Affected
LONDON (AP) -- Shipping and railroad company Sea Containers Ltd. said Monday that it has filed for protection under Chapter 11 of the U.S. Bankruptcy code, but that its passenger rail service in Britain was not affected. ADVERTISEMENT
In a statement from Hamilton, Bermuda, the company said it filed its petition in the U.S. Bankruptcy Court in Delaware on Sunday.
"Although we have not paid the Oct. 15 public notes, we are optimistic about the success of our restructuring program and our ability to reach agreement with creditors," said Bob Mackenzie, the company's president and chief executive.
"The prime reason for seeking protection is to prevent any individual creditor from taking action on its own, which would be against the interests of Sea Containers and the majority of creditors."
The company said the filing would not affect operations of subsidiaries including Sea Streak ferries in New Jersey and Great North Eastern Railway, which operates passenger rail services between London and Edinburgh, Scotland.
Posted by The Phat Man on :
Press Release Source: Pearl Asian Mining Industries Inc. - Philippines
Pearl Asian Mining Shows Initial Test Runs of Gold Ore Samples Using Its Placer Gold Processing Unit Monday October 16, 6:17 am ET
MANILA, Philippines--(BUSINESS WIRE)--PEARL ASIAN MINING INDUSTRIES, INC. (OTC:PAIM - News). The Gold Team led by Engr. Elvis Hidalgo, Chief Metallurgist performed the first feedings of the ore samples into the gold processing unit during its initial test run. Photos were taken on the Binasan Mill Plant: Cagayan De Oro Gold Project. Source: Pearl Asian Mining Industries Inc. - Philippines
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Pearl Asian Mining Industries Inc. - Philippines Investor Relations: Engr. Gary Gotanco, MBA, 678-570-6538 or 310-728-6907 Fax: 877-317-4430 e-mail: IR*PearlAsianMining.com URL: www.PearlAsianMining.com Posted by J_U_ICE on :
ISHO .18
International Shoe Manufacturing Corporation's Wholly Owned Subsidiary, GeckoSystems, Inc., Targets the $14 Billion Security Industry With New Sales and Marketing Campaign
Monday, October 16 2006 8:38 AM, EST
WASHINGTON, DC -- (MARKET WIRE) -- 10/16/06 -- International Shoe Manufacturing Corporation (PINKSHEETS: ISHO) is pleased to announce that the Company's wholly owned subsidiary, GeckoSystems, Inc. , is launching their sales and marketing campaign for their mobile robot solutions. GeckoSystems, Inc. will market its products and technology through strategic relationships with retailers, distributors and OEM manufacturers in the security, home health care, military and medical industries. According to the U.S. Census Bureau , in July of 2005, there were 36,790,113 people over 64 years old. GeckoSystems has developed the CareBot(TM) Mobile Service Robot (MSR) to help assist in caring for this growing elder population. In the security and military industries, market gains will be driven by the heightened security awareness as government agencies and the air travel industry research technologies that can be integrated into their video surveillance and weapons of mass destruction (WMD) detection systems. According to a report published by the Freedonia Group , the U.S. security guard market alone is a $14 billion industry and has a projected growth rate of 7% through 2006. GeckoSystems has developed mobile robot solutions to cost-effectively assist in these critical areas of security. How science fiction has become science fact: "We often don't notice it, but Artificial Intelligence (AI) is all around us. It is present in computer games, in the diagnostics and cruise control in our cars, the servers that route our email, and in robotic cleaners and toys," said Martin Spencer, CEO and President of ISMC. "GeckoSystems' significant breakthroughs in the robotic AI field will help us build very sophisticated robots that will be tailored for each of the strategic markets that we have identified. The successful development of intelligent robot technology and related services is a crucial factor for economic growth and social development in the 21st century," continues Mr. Spencer. "In the United States , the market for security, professional and family health care is in a crisis for cost-effective answers for thousands of time-stressed and geographically dispersed medical professionals and families. GeckosSystems has developed an automatic, self-navigating robot that can be utilized to assist in all of these areas," he added. About GeckoSystems, Inc. GeckoSystems, Inc. is a leading developer of mobile robot solutions based in Conyers, Georgia (metro Atlanta ). The company specializes in supplying mobile service robots that automatically self-navigate the home, office, or business for errand running, patrolling, and other useful tasks without human assistance or intervention. Now entering its ninth year of business, GeckoSystems, Inc. has developed a suite of proprietary, fundamental technologies, also called "basebot" technologies. This collection of hardware and software enables the practical deployment of mobile service robots. Utilizing these basebot technologies, our robots respond intelligently to dynamic environments and accomplish useful tasks such as automated patrolling, remote care giving and remote monitoring. Safe Harbor: Statements regarding financial matters 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 statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. Contact: For more information visit http://www.geckosystems.com or Contact: Investor Relations 1-866-843-2775
Posted by J_U_ICE on :
PLRS .021
Pluristem Pre-Clinical Results: Placenta Expanded Cell Therapy Product Increases Umbilical Cord Blood Engraftment up to 500% in Bone Marrow Transplants
HAIFA, Israel--(Business Wire)--Pluristem Life Systems, Inc. (OTCBB: PLRS), a cell therapy company dedicated to the commercialization of stem cell products, announces promising final results of an animal model study which could benefit 100,000 blood cancer patients annually. PLX-I, the Company's innovative adjuvant cell therapy product is based on Placenta Expanded Mesenchymal cells. It intended to resolve the global shortfall of matched tissue for blood cancer patients requiring bone marrow transplantation by improving the engraftment of Umbilical Cord Blood (UCB). The Pre-Clinical results document that adding Pluristem's PLX-I to UCB stem cells during the Bone Marrow Transplant (BMT) human cell engraftment in NOD SCID mice showed up to a 500% increased engraftment after irradiation and Chemotropic treatment.
BMT traditionally treats patients whose bone marrow has been damaged by chemotherapy, or certain genetic diseases that lead to anemia, leukemia, lymphomas, autoimmune disease and other blood-related disorders. Its effectiveness is severely limited because of the lack of a matching donor or shortage of UCB stem cells engrafted during the procedure. If additional animal studies and human clinical trials prove equally successful as this first Pre-Clinical, Pluristem's PLX-I product with 500% increased engraftment could lead to more Bone Marrow Transplants (BMT) for these types of blood cancers.
The animal studies were performed on immune-deficient NOD SCID mice following systemic myeloablation of their bone marrow to simulate the BMT clinical protocol. This in-vivo model is based on the known ability of human Hematopoietic Stem Cells (HSC) to engraft in mouse bone marrow and to simulate the recovery of the human's Hematological system. 50,000-100,000 human UCB derived CD34+ cells (hUCB CD34+) were injected into the tail vein of NOD-SCID mice along with 0.5*106 PLX I cells. After periods of 28-32 days, mice were sacrificed and the marrow was analyzed. Human cell engraftment was performed in both sub lethally irradiated (350 Rad) and chemotherapy administrated (50 mg/kg Busulfan) mice. FACS analysis of human CD45 positive cells in mice bone marrow demonstrated an increscent of cell engraftment in part of the experimental animals up to 5 folds compared to mice transplanted with CD34+ cells only.
Mr. Zami Aberman, CEO, stated, "Co-transplantation of PLX-I cell types may be a promising manipulation improving cord blood performance during the bone marrow transplants in adults blood disorder. The pre-clinical results suggest blood disorder treatment is being improved by using MSC derived from placenta and expanded in Pluristem's 3D bioreactor in combination with UCB derived HSC. We strongly believe that PLX-I can change the clinical process now being used to treat blood cancer and could eventually save millions of lives."
About Pluristem
Pluristem Life Systems, Inc. is a life sciences driven company that is developing and commercializing stem cell expansion technology products for the treatment of severe blood disorders. The Company is discovering and developing cell-based therapeutics that utilizes adult stem cells expanded in a proprietary bioreactor mimicking different naturally occurring physiological environments. Pluristem expects its first products to be cell grafts that will provide an efficient and superior alternative to the standard procedure of bone marrow transplantation. Its first adult stem cell product targets a critical global shortfall of matched tissue for bone marrow transplantation since bone marrow transplantation is often the only cure for patients suffering from leukemia, lymphoma, myeloma and many other hematological diseases. The Company has made a strategic decision to work only with adult stem cells since the practical use of embryonic stem cells is severely restricted by various religious, ethical and legal considerations.
This press release contains statements, which may constitute "forward-looking statements" regarding our intent, belief or current expectations. Forward-looking statements in this release include statements: results of our animal model study could benefit 100,000 blood cancer patients annually; that PLX-1 is intended to resolve the global shortfall of matched tissue for blood cancer patients requiring bone marrow transplantation by improving the engraftment of Umbilical Cord Blood (UCB); that if additional animal studies and human clinical trials prove equally successful as this first Pre-Clinical, Pluristem's PLX-I product with 500% increased engraftment could lead to more Bone Marrow Transplants (BMT) for these types of blood cancers; the pre-clinical results suggest blood disorder treatment is being improved by using MSC derived from placenta and expanded in Pluristem's 3D bioreactor in combination with UCB derived HSC; and we believe that PLX-I can change the clinical process now being used to treat blood cancer and could eventually save millions of lives. Factors which may significantly change or prevent our forward looking statements from fruition include that we may be unsuccessful in developing any products; that our technology may not be validated as we progress further and our methods may not be accepted by the scientific community; that pre-clinical trials results may not be able to be successfully duplicated in clinical trials; that we are unable to retain or attract key employees whose knowledge is essential to the development of our products; that unforeseen scientific difficulties develop with our process; that results in the laboratory do not translate to equally good results in real surgical settings; that our patents are not sufficient to protect essential aspects of our technology; that competitors may invent better technology; that our products may not work as well as hoped or worse, that our products may harm recipients; and that we may not be able raise funds for development or working capital when we require it. As well, our products may never develop into useful products and even if they do, they may not be approved for sale to the public. For further risk factors see the Company's latest 10-KSB filed with the SEC.
Emerson Gerard Associates, Inc. Media Contact Jerry Jennings, 561-881-7318 mediareply*emersongerard.com
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GMSC .0041
Grand Entertainment & Music, Inc. Announces Qbanito's CD Launch Party
MONTREAL -- (MARKET WIRE) -- October 16, 2006 -- Grand Entertainment & Music, Inc. (PINKSHEETS: GMSC) announces Qbanito's CD Launch Party at Bricks Night Club, in Miami, Florida.
Cuban Rap, Hip-Hop artist Qbanito will be at center stage for his CD launch party on Thursday, October 19th at Bricks Nightclub. The guestlist for this red carpet event will be by invitation only. Local press and media will be lined up to catch a glimpse of the 200 VIPs invited to the launch. Bricks Nightclub is a giant, three room club in the heart of downtown Miami (for more club information, visit: bricksnightclub.com). The launch party will be Qbanito's moment to shine in front of major industry VIPs including news media, photographers, producers, and other celebrities. Over the last three weeks, Qbanito has been interviewed by local and national press, made his second music video, and participated in several other media events. This party will be the grand finale for the promotion of his recently released Spanish Album.
Highlighted Links MacReport.Net Grand Entertainment & Music
"I am excited about my trip to Miami this week," stated Fred Berlin, President. "I've been in this industry for 25 years, and I can definitely say that this is one of the largest artist media events in which I have directly participated. The publicity from this week's trip will tremendously help the U.S. sales of Qbanito's newly released album. With all the hard work and man hours that have been put into this CD release and launch party, I am confident in saying that if the industry didn't already know Qbanito's name, it will by the end of this week."
About Grand Entertainment & Music, Inc.
Based in Montreal, and incorporated in November 1998, the Company is an independent music company that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, the Company's multi-million dollar studios produce voice-overs and sound tracks for commercials and film, which are used on the radio, television and in theatres. Cherry Studios has produced thousands of records in its studios and has to its credit a total of 23 gold and platinum records. GEM, a pioneer in the Internet distribution and digital download field, currently owns and controls all its content and distribution rights. Having both content and distribution rights will enable the company to fulfill its mission of becoming a leading consolidator of quality music catalogues as well as a premier production, recording, publishing and Internet distribution company in the music industry.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of Grand Entertainment & Music (GEM) Inc., which involve risks and uncertainties. The Company's actual future results could materially differ from those discussed. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact: Grand Entertainment and Music, Inc. Investor Relations (866) 795-4366 IR*Gmsc-info.com www.gmsc-info.com
SOURCE: Grand Entertainment & Music, Inc.
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DNAG .011
DNAPrint Pharmaceuticals Completes the Development of a Third Assay for PT-401 Next-to-Last Step for Testing Company's Anemia Drug Prior to Pre-IND Meeting With FDA DNAPrint Genomics, Inc. (OTCBB: DNAG) today announced that KBI BioPharma, Inc., Good Manufacturing Practices manufacturer of PT-401 for the Company's DNAPrint Pharmaceuticals division, has completed and validated a third analytical method using a specially developed isoelectric focusing (IEF) method to be used on PT-401, the dimeric Erythropoietin fusion protein for treating anemia that is currently in preclinical stage.
"IEF is an analytical method for separating molecules which differ in their charge characteristics and will be used to support process development, in-process analysis, release and stability testing for PT-401," stated Hector J. Gomez, M.D., Ph. D., Chairman and Chief Medical Officer of DNAPrint Genomics and the Company's DNAPrint Pharmaceuticals subsidiary. "The IEF method is used to assess the isoelectric point of PT-401 and its isoforms, which are critical in their formation because they directly impact product potency. This stage is necessary in order to prepare a successful Pre-Investigational New Drug (IND) filing with the U.S. Food and Drug Administration (FDA), and we are pleased with KBI BioPharma's development of this third and next-to-final step."
"The IEF assay's development will contribute to the on-schedule, on-budget delivery of PT-401 as a treatment for anemia," stated DNAPrint President and Chief Executive Officer Richard Gabriel. "We believe we are just one step removed from submitting a Pre-IND package in preparation for our first meeting with the FDA."
PT-401 is a "Super EPO," a more powerful form of Erythropoietin, a well-known drug used for the treatment of anemia. PT-401 is a potential competitor in the EPO market, which currently exceeds $10 billion and is rapidly growing.
Previously, DNAPrint Pharmaceuticals had announced the successful testing of CHO cell lines and the use of SDS-PAGE, a well-established separation technique for the testing of cell lines, a vital part of the DNA mapping process. These were the first two steps in developing an application for PT-401. The initial research has been conducted in conjunction with Dr. Arthur Sytkowski of Harvard Medical School's Beth Israel Deaconess Medical Center (BIDMC).
DNAPrint utilizes its proprietary EPOFusion™ model to simulate the cellular and molecular dynamics influenced by the administration of the Erythropoietin class of protein drugs in anemia treatments. EPOFusion™ models the interaction of PT-401 -- a novel 2-copy (dimer) form of Erythropoietin -- with the cells that trigger the production of new red blood cells. EPOFusion™ can be manipulated to test hundreds of conditions and variables by simulating what occurs in the whole blood cell production process. The EPOFusion™ model has already identified important differences between PT-401 and currently marketed drugs or drugs in development by other companies. This type of information may provide a competitive advantage and is critical for transparent regulatory filings and effective physician education upon FDA approval of a drug for clinical testing.
About DNAPrint Genomics, Inc.
DNAPrint Genomics, Inc. (www.dnaprint.com) is a developer of genomics-based products and services in two primary markets: biomedical and forensics. DNAPrint Pharmaceuticals, Inc., a wholly owned subsidiary, develops diagnostic tests and theranostic products (drug/test combinations) using the Company's proprietary ancestry-informed genetic marker studies combined with proprietary computational modeling technology. Computational Biology and Pharmacogenomics services are also offered externally to biopharmaceutical companies. The Company's first theranostic product is PT-401, a "Super EPO" (erythropoietin) dimer protein drug for treatment of anemia in renal dialysis patients (with end stage renal disease). Preclinical and clinical development of all the Company's drug candidates will benefit from simulated pre-trials to design actual trials better and are targeted to patients with genetic profiles indicating their propensity to have the best clinical responses. DNAPrint is proud of its continued dedication to developing and supplying new technological advances in law enforcement and consumer ancestry heritage interests. Please refer to www.dnaprint.com for information on law enforcement and consumer applications which include DNAWITNESS™, RETINOME™, ANCESTRYbyDNA™ and EURO-DNA™. DNAWitness-Y and DNAWitness-Mito are two tests offered by the Company. The results from these tests may be used as identification tools when a DNA sample is deteriorated or compromised or other DNA testing fails to yield acceptable results.
Forward-Looking Statements
All statements in this press release that are not historical are forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, but not limited to, uncertainties relating to technologies, product development, manufacturing, market acceptance, cost and pricing of DNAPrint's products, dependence on collaborations and partners, regulatory approvals, competition, intellectual property of others, and patent protection and litigation. DNAPrint Genomics, Inc. expressly disclaims any obligation or undertaking, except as may be required by applicable law or regulation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in DNAPrint's expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements are based.
Source: Market Wire (October 16, 2006 - 6:00 AM EST)
ATIG (.02)Plans to Take Advantage of Legalized Internet Gaming in the United States Atlantis Internet Group Corporation (PINKSHEETS: ATIG), ATIG anticipated legislation for the online gaming industry being passed from the United States and we have tailored our objectives accordingly. The recent Unlawful Internet Gaming Legislation and the recent arrest of Sportsbook operators will not effect the operation of ATIG or the sale of its products. ATIG's online casino products or website have never taken U.S. bets and we do not utilize Sportsbook Software.
ATIG has seen many attempts by the United States to pass several Bills to eliminate Internet Gaming. However, in each Anti-Internet Gaming legislation there are certain areas of gaming within the United States that can offer forms of Internet Gaming. These areas are Horse Racing, Intrastate Gaming and Indian Gaming. These areas of Internet Gaming will now be considered as legal if operated under the new rules of Internet Gaming Legislation. http://www.rgtonline.com/Article.cfm?ArticleId=67861&CategoryName=Featured under 5362 Definitions
Our company has diversified over the years and has always designed a version of our online products for land based casinos within the United States. Our Internet Gaming software has been one of the only Internet Gaming software products operating in Nevada for the last three years from a licensed Nevada Indian Casino. That software was designed to comply with the Intrastate Internet Gaming Bill currently legal in Nevada. ATIG anticipated a form of Internet Gaming allowed on Reservations and formed a joint venture to pursue the Hosting of Internet Gaming from an Indian Reservation and has held several formal meetings with a large Indian Nation. "Where many see a bleak future we see opportunity; with an estimated 60% of the Six Billion Dollars made in Internet Gaming coming from the United States now cutoff to offshore Internet Gaming companies, that creates a potential Four Billion Dollars U.S. Internet Gaming market," said Donald L. Bailey, President of Atlantis Internet Group Corporation.
ATIG has also targeted slot software development and distribution as a way to introduce our products to a global gaming market. We have established our Slot Software Development with the recent release of our patent pending "Jukebox Fever" -- A Jukebox Slots product, which are Slots that allow players to listen to Music while they play slots. We recently became a licensed supplier of Gaming Equipment in the Northern Territory of Australia. Additionally, we are exploring the development opportunity of Land Based Casinos.
The company is now completing its Registration and Audit and expects to file an application to move up to OTCBB before years end. ATIG will be filing to begin reporting to the Security Exchange Commission (SEC) utilizing the team of August Law Group, P.C., Winston & Strawn, LLP representing legal and Haynie & Company, CPAs representing accounting and will be audited by Weinberg & Company, CPAs.
About Atlantis Internet Group Corp. (http://www.AtlantisInternetGroup.com)
Utilizing an innovative development team and licensed gaming executives to oversee its state-of-the-art online gaming and slot machine products, Atlantis Internet Group Corp. is bridging the gap between traditional gaming casinos and online gaming. Atlantis Internet Group Corp. is one of the first companies to interface with online games and player tracking systems found on traditional floor slot machines.
Internet users can find play-for-fun games including blackjack, roulette, craps, and more at http://www.AtlantisInternetGroup.com. The games utilize industry-leading technology. In addition, the web site features links to Atlantis Internet Group clients, corporate information, and descriptions of products the company offers.
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
Source: Market Wire (October 16, 2006 - 5:30 AM EST)
VSUS (.023)Technologies, Inc. Signs Affiliate Partnership on the Way to Revenue Generation VSUS Technologies, Inc. (PINKSHEETS: VSUS) announced today that the company has signed an affiliate partnership with Network Hydramedia who handles advertising placements for companies that offer free or deep-discounted products that are the targets of our new ****ging and affiliate internet advertising websites.
"We are very excited to have entered into an affiliate partnership agreement with Network Hydramedia in the US. We are currently exploring additional opportunities with other well-known companies to enhance our users experience," stated Mr. Goldberg.
Advertisers are shunning old-line media in favor of the Web. They are discovering the unique power of ****s. ****s offer a personal touch in the media space; small sites have become our guides to a content-saturated world. As such, their recommendations are highly valued by readers -- which naturally have made advertisers take notice. In recent months, big-name companies like Banana Republic and Coca-Cola have for the first time run campaigns on ****s, in the belief that **** communities often consist of concentrated numbers of the passionate and influential people all marketers want to reach. Intel bought its first **** ad in March; now all its ads run on ****s as well as traditional outlets. We believe that the market for Internet ****s and Click-through is in its infancy. With overall Web advertising expected to grow by 60% to over $23 billion in 2010 (CNN Money.com, Sept. 8, 2006), it's certain that capital will be invested into the **** market. Recently, Fortune 500 companies such as Intel and Coca-Cola ran advertisements on ****s. "The audience for ****s is the cream of the crop," says Thom Campbell, head of media strategy for Intel.
Google was the first to monetize ****ging in 2002 when it created a system that allowed anyone with a web-site to run advertisements. The technology, called AdSense, matched advertisements with a site's content. The site's owner was paid each time a visitor clicked on a linked advertisement. AdSense alone is expected to generate sales of $4 billion this year.
According to the online encyclopedia, wikipedia.org, affiliate marketing is the most cost-effective way to generate online sales. Market statistics indicate that world-wide total sales generated through the use of "affiliate networks" was over 5 Billion dollars in 2005 and is expected to grow between 40-75% this year. While the current most active sectors for affiliate marketing is in the adult, gambling, and retail industries, more focus and growth is expected in the mobile phone, finance, and travel sectors.
Affiliate Marketing is a popular method of promoting web business in which an affiliate is rewarded for every visitor, subscriber and/or customer provided through his efforts. It is a modern variation of the practice of paying finder's-fees for the introduction of new clients to a business. Compensation may be made based on a certain value for each visit (pay per click), registrant (Pay per lead), or a commission for each customer or sale (Pay per sale), or any combination.
About VSUS Technologies, Inc.
VSUS Technologies, Inc. is currently developing various websites for internet advertising and ****s for both businesses and consumers. VSUS Technologies plans on exploring business arrangements such as acquisitions, joint venture partners, and joint development partners.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by the use of such terminology as "believes," "expects," "may," "will," "should," "anticipates," "plans," "estimates," and "intends," or derivations or negatives thereof, or comparable terminology. Accordingly, such statements involve risks (known and unknown) and uncertainties. The forward-looking statements are based on assumptions that the company believes are reasonable based on the best information currently available. However, there are a number of risks associated with these assumptions. These risks and uncertainties relate to future revenues, product development, market acceptance, responses from competitors, capital expenditures (including the amount and nature thereof), business strategy and measures to implement strategy, competitive strengths, goals, expansion and growth of the company's business and operations, plans, references to future success and other such matters, and other risk factors and uncertainties detailed in this press release, described from time to time in the company's other Securities and Exchange Commission filings, or discussed in the company's press releases. All forward-looking statements made in this press release are qualified by these cautionary statements and there can be no assurance that the actual results anticipated by the company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company or its business or operations. Outcomes related to such statements are subject to numerous risk factors and uncertainties including those listed in the company's Annual Report filed on Form 10-KSB.
Source: Market Wire (October 16, 2006 - 7:54 AM EST)
HE-5 Resources, Corp. Announces Cash Dividend HE-5 Resources, Corp. (PINKSHEETS: HRRP) today announced that its Board of Directors has approved a cash dividend on its common shares. The dollar amount of the dividend per share will be declared on October 23, 2006. The dividend will be payable to all shareholders of record at the close of business on November 10, 2006.
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.
For more information on HE-5 Resources, Corp. please contact CEO Denyse Raynault at Raynault*he-5resourcescorp.com or visit the Corporate website at www.he-5resourcescorp.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
Source: Market Wire (October 16, 2006 - 7:30 AM EST)
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DRGG .125
Dragon International Group Posts Record Revenues and Operating Income for FY 2006; Proforma EPS of $0.02 Dragon International Group Corp. (OTCBB: DRGG), one of China's leading manufacturers and distributors of specialty paper products and packing materials, today announced record operating results for the fiscal year ending June 30, 2006. The Company posted $18.43 million in net revenues, a 63% increase over fiscal year 2005 net revenues of $11.28 million. Dragon generated $1.227 million in operating income, a 620% increase compared to $175,000 in fiscal 2005. Excluding stock-based compensation and non-cash charges related to Dragon's July 2005 debt financing and its conversion into equity this past fiscal year, EPS would have been $0.02 per share. The Company ended the fiscal year with stockholder equity of $8.246 million, approximately $0.14 per share, a record level for the Company. For more information about our financial performance, please review our 10K filing with the United States Securities and Exchange Commission.
Mr. David Wu, Chairman and CEO of Dragon International Group, stated, "Our financial performance for 2006 is beginning to show the benefits of our efforts. If debt conversion and related non-cash interest charges are reversed, which amount to more than $3.3 million, we would have EPS of $0.02 per share. Going forward, these charges will no longer impact our financials, so the results will be even clearer for investors. Our growth plan is very robust, as we continue to evaluate new acquisition candidates, and have substantial opportunities for internal growth. We will expand our existing product lines by introducing innovative solutions for our customers, as well as growing the customer base for our current products."
About Dragon International Group Corp.
Dragon International Group Corp (OTCBB: DRGG) is one of China's leading manufacturers and distributors of specialty paper products and packaging materials. DRGG is operating as a manufacturer and distributor of paper and integrated packaging paper products. DRGG has a distribution network covering east and central China. Dragon and its subsidiaries have cultivated strategic relationships with several of the world's largest and well-known manufacturers of paper and specialty packaging products. For more information, please visit http://www.drgg.net.
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements, including the Company's ability to obtain sufficient financing to fund both its internal growth opportunities and acquisition strategy. More information about the potential risks and factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission at http://www.sec.gov.
Source: Market Wire (October 16, 2006 - 7:30 AM EST)
Fonix Speech Selected by AOnePro for New Electronic Dictionaries in Korea Monday, October 16 2006 9:01 AM, EST
SALT LAKE CITY --(BUSINESS WIRE)-- Fonix Speech, Inc. , a wholly owned subsidiary of Fonix(R) Corporation (OTCBB: FNIX) specializing in embedded speech interfaces for mobile devices, handheld electronic products, and systems and processors, announces a licensing agreement to provide Fonix DECtalk text-to-speech (TTS) for two new electronic dictionaries manufactured and sold by AOnePro, a leading provider of e-dictionaries in Korea. Fonix will receive unit royalties from the sale of each device. AOnePro's new handheld dictionary devices for Korean speakers, models AP255 and APM700, feature DECtalk 4.6.4 -- Fonix's TTS solution for limited-memory electronic devices. The AP255 is a general-use dictionary, while the APM700 was developed primarily for the medical industry and will be marketed specifically to medical students. Both dictionaries are marketed and sold in Korea. Sales of these new models are expected to exceed a market volume of over 10,000 units per month over the next year. "AOnePro wanted to utilize the most understandable text-to-speech on our new dictionaries," says Hyoung Chul Shin, AOnePro. "We chose Fonix DECtalk English TTS because of its high intelligibility as well as its small memory and processing power requirements. We look forward to offering another useful, easy-to-use device to our Korean customers." Fonix established a working relationship with AOnePro through its partnership with Epson. Epson and Fonix have offered a combined speech solution featuring Fonix speech technology on Epson semiconductor chips since 2003. AOnePro implemented the Fonix/Epson speech solution utilizing the powerful Epson S1C33L05 semiconductor chip. "AOnePro developed the first English-Korean e-dictionary in 1991, so they have a long-established reputation of manufacturing high-quality electronic reference products, and they have expanded their market share ever since," says Walt Nawrocki, Senior VP and GM, Fonix Speech, Inc. "As their first product offerings to use Fonix technology, these two new e-dictionaries are designed to help Korean speakers learn English." About AOnePro AOnePro launched its first electronic dictionaries in the Korean market in 1991 as AONEPROTECH. The Company currently develops products in Korea with another manufacturing facility in Shenzhen, China . Work is also done with a partnering OEM in Shanghai . AOnePro is committed to providing high-quality educational devices in English, Chinese and Japanese for students and general users. The Company is invested in future convergence products for education such as PMP, DMB and other leading-edge wireless solutions including e-dictionaries. Visit www.aonepro.co.kr/ for more information. About Fonix Speech, Inc. Fonix Speech, Inc. , a wholly owned subsidiary of Fonix Corporation , currently offers speech technology solutions including speech recognition and text-to-speech for mobile phones and wireless devices; interactive videogames, toys and appliances; computer telephony systems; the assistive market and vehicle telematics. About Fonix Fonix Corporation (OTC BB: FNIX), based in Salt Lake City, Utah , is an innovative speech recognition and text-to-speech technology company that provides value-added speech solutions through its wholly owned subsidiary - Fonix Speech, Inc. Interactive speech technologies allow Fonix to provide customers with comprehensive cost-effective solutions to enhance and expand their communications needs. Visit www.fonix.com for more information, or call (801) 553-6600 and say "Sales." Statements released by Fonix that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the Company's business prospects and performance. The Company's actual results could differ materially from those in such forward-looking statements. Risk factors include general economic, competitive, governmental and technological factors as discussed in the Company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The Company does not undertake any responsibility to update the forward-looking statements contained in this release. Source: Fonix Speech, Inc.
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SGID .033
SGI Unveils Scientific Workflow Solution Designed to Let Researchers Focus on Science, Not Computing
Monday, October 16 2006 9:02 AM, EST
HILTON HEAD ISLAND , S.C., Oct 16 /PRNewswire-FirstCall/ -- At the J. Craig Venter Genomes, Medicine and the Environment Conference here, SGI today unveiled the SGI(R) Scientific Workflow Solution. Comprised of some of the world's most powerful, scalable and flexible technologies, the new solution is aimed at simplifying the complex task of conducting breakthrough scientific research by accommodating the various ways in which scientists work. The new offering integrates SGI's acclaimed clusters, supercomputers, Field Programmable Gate Array (FPGA) products, data management tools and storage arrays into a unified, workflow-friendly, and cost-effective solution. The SGI Scientific Workflow Solution addresses an increasingly costly problem in today's research labs. To enable new breakthroughs in biosciences and other disciplines, modern scientific workflows must incorporate an ever- widening array of applications -- something that puts extraordinary pressures on organizations struggling to make do with a single primary computing resource. "Scientists need to focus on their research, not on determining how to modify their gene sequencing routines so they will run on a cluster with 68 instances of Linux," said Michael Brown, sciences segment manager at SGI. "Rather than force-fitting all applications and workflows onto a single computing architecture, scientists are far better served by a high-performance computing solution that provides a uniform end-user view, but can be easily customized to the needs of each user and field of study. The SGI Scientific Workflow Solution delivers that kind of flexibility by leveraging technologies that have evolved from two decades of outfitting the world's most demanding scientific users." The SGI Scientific Workflow Solution combines award-winning SGI(R) hardware and software offerings in a standards-based environment that provides an exceptional level of flexibility, enabling facilities to run multiple applications on the same central resource comprised of integrated and optimized computing platforms. With the new workflow solution for scientific environments, both desktop and server systems share a single pool of data, while a common user and system management reduces personnel expense. The new solution is built on a unique combination of enabling technology elements, including: * A common Linux(R) operating system across all platforms, so users need learn only one environment; * Platform-wide storage solutions to simplify data sharing, access, movement, and management across systems; * A single system to schedule jobs and manage workflow across all systems; * A centralized systems management interface and operational dashboard for updating, provisioning, configuring, and monitoring; and * Optional system specific performance and tuning enhancements through SGI(R) ProPack(R) for Linux. The new solution is underpinned by an array of award-winning SGI products that together address the vast spectrum of scientific workflow needs. For instance, the new value-priced SGI(R) Altix(R) XE cluster line, based on dual- core Intel(R) Xeon(R) 5000 Series processors, is ideal for high-throughput and screening workflows. Dual-core SGI(R) Altix(R) 450 and 4500 systems scale to thousands of processors and hundreds of Terabytes of data in a single system image, making them ideal for deriving new insights from highly scalable and floating-point or memory-intensive applications, and those that require extraordinarily fast I/O. The SGI solution also incorporates the groundbreaking SGI(R) RASC(TM) (Reconfigurable Application-Specific Computing) technology, which enables application-specific co-processors like FPGAs to tap into an Altix system's shared memory address space at full system bandwidth. SGI RASC blades can be reconfigured on site to drive optimal performance from specific algorithms -- such as gene sequencing, image processing, image segmentation and computationally intensive data analysis -- without having to scale the number of CPUs. "The scientific community has stringent requirements for high-performance computing systems that are optimized under a number of different platforms and architectures," said Anders Dellson, CEO, Mitrionics, Inc. "SGI's Scientific Workflow Solution provides customers with systems specifically designed for varying functional needs, performance, and pricing. SGI's recent addition of FPGA Supercomputing technology to its portfolio gives the company an even stronger value proposition and one that is unique in the industry. Mitrionics has been very pleased with its close partnership with SGI to develop and deliver FPGA-accelerated technologies and applications to the market." SGI storage, archiving and data management solutions also ease the process of giving all users access to a single pool of scientific data. The wide range of SGI(R) InfiniteStorage arrays are complemented by solutions for centralizing critical data and streamlining data management, no-compromise data sharing over networks without replication, and transparent transfers of rarely used data to near-line and offline storage alternatives. "The BioTeam believes that it is critical that workflow be friendly to scientists and yet provide an extensible informatics platform to express and publish operational procedures to face everyday productivity challenges," said Michael Athanas, BioTeam co-founder and scalable computing specialist behind iNquiry, a ready-to-use cluster enabled web portal optimized for use in life sciences. "SGI is addressing these challenges with the common access and management environment available in the SGI Scientific Workflow Solution." The SGI Scientific Workflow Solution will be offered in several versions optimized for major fields of study, including bioscience and earth science. SGI will announce specific configurations, pricing and availability in the coming months. SGI - Innovation for Results(TM) SGI, also known as Silicon Graphics, Inc. , delivers a complete range of high-performance server and storage solutions along with industry-leading professional services and support that enable its customers to overcome the challenges of complex data-intensive workflows and accelerate breakthrough discoveries, innovation and information transformation. SGI helps customers solve their computing challenges whether it's enhancing the quality of life through drug research, designing and manufacturing safer and more efficient cars and airplanes, studying global climate, providing technologies for homeland security and defense, or helping enterprises manage large data. With offices worldwide, the company is headquartered in Mountain View, Calif ., and can be found on the Web at www.sgi.com . NOTE: SGI, Altix, SGI ProPack, the SGI cube and the SGI logo are registered trademarks, and RASC and The Source of Innovation and Discovery are trademarks of SGI, in the United States and/or other countries worldwide. Linux is a registered trademark of Linus Torvalds in several countries. Intel and Itanium are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries. All other trademarks mentioned herein are the property of their respective owners. This news release contains forward-looking statements regarding SGI technologies and third-party technologies that are subject to risks and uncertainties. These risks and uncertainties could cause actual results to differ materially from those described in such statements. The reader is cautioned not to rely unduly on these forward-looking statements, which are not a guarantee of future or current performance. Such risks and uncertainties include long-term program commitments, the performance of third parties, the sustained performance of current and future products, financing risks, the ability to integrate and support a complex technology solution involving multiple providers and users, and other risks detailed from time to time in the company's most recent SEC reports, including its reports on Form 10-K and Form 10-Q. MEDIA CONTACT Marla Robinson marlar*sgi.com 256.773.2371
SGI PR HOTLINE 650.933.7777
SGI PR FACSIMILE 650.933.0317 SOURCE SGI
Posted by J_U_ICE on :
NEOM .0847
NeoMedia's 12snap Subsidiary Continues to Build Revenues with European Telephone Carriers and Cell Phone Manufacturers New and increased business from European carriers and handset manufacturers has increased the revenues generated by NeoMedia's 12snap (www.12snap.com) of Munich, the award-winning mobile marketing agency subsidiary of NeoMedia Technologies, Inc. (OTC BB: NEOM, www.neom.com).
Charles T. Jensen, president and CEO of NeoMedia, said that in the first half of fiscal 2006, ended June 30, 12snap generated revenues of approximately $1.3 million just from European-based mobile carriers and handset manufacturers.
12snap, Mr. Jensen said, developed and/or delivered services to these companies in mobile promotions, mobile applications and CRM programs. He said that all indications were that 12snap was on track to generate a similar revenue total in the second half of the calendar year from the mobile carriers and handset manufacturers, in addition to its other business serving other companies.
Mr. Jensen said that it was "frustrating to NeoMedia, our subsidiaries and our shareholders alike that we can not say more about some of the companies with whom we are doing business, exactly what that business is, and how much revenue it is generating.
"Unfortunately, particularly in Europe and especially in the technology industry, restrictions are written into many contracts," he said. "While NeoMedia and our subsidiary companies are growing in breadth and volume of services, as well as in producing revenues, we are simply not allowed by these contracts to provide more information.
"For the time being," Mr. Jensen concluded, "NeoMedia will have to be satisfied in some cases with being 'the man behind the curtain,' the power and the magic that continues to make some of the world's most successful mobile marketing programs run."
About 12snap AG
Acquired by NeoMedia Technologies, Inc., earlier this year, 12snap AG is headquartered in Munich with branches in Dusseldorf, London, Milan, Stockholm, Istanbul, and Fort Myers, Florida. As an expert in innovative marketing and entertainment for mobile phones, 12snap combines know-how in mobile applications, mobile loyalty and mobile marketing. In the mobile marketing space, 12snap creates and implements national and pan-European mobile marketing campaigns for international brands; its mobile loyalty business unit offers customer loyalty programs for companies and brands, and its mobile applications business unit is the center for development and software. 12snap sells and licenses a wide spectrum of mobile solutions to satisfy the demands of the current growing market and the new uses of the third mobile phone generation (UMTS) -- from dynamic video services and multiplayer games to personalized messaging applications. 12snap has 75 employees, and provides services to companies including, McDonald's(R), MTV(R), Coca-Cola(R), Wella(R), adidas(R), Unilever(R) and Gillette(R).
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com) is a diversified global company offering leading edge, technologically advanced products and solutions for companies and consumers, built upon its solid family of patented products and processes, and management experience and expertise. Its mobile services group of companies offers end-to-end mobile enterprise and mobile marketing solutions, through its flagship direct-to-mobile-web qode(R) technology, and ground-breaking products and services from four of the leading mobile marketing providers in the U.S. and Europe. By linking consumers and companies to the interactive electronic world, NeoMedia delivers one-to-one, permission-based, personalized and profiled dialogue -- anytime and anywhere.
The qode suite of easy-to-use, market-driven products and applications are based on a strong foundation of patented technology, comprising the qode (www.qode.com) platform, qode(R)reader(TM) and qode(R)window(TM), all of which provide One Click to Content(TM) connectivity for products, print, packaging and other physical objects to link directly to specific desired content on the mobile Internet.
Along with 12snap, NeoMedia's recently acquired companies and offerings include Mobot, (www.mobot.com),a Lexington, Massachusetts-based pioneer in mobile visual recognition technology; Sponge Ltd. (www.spongegroup.com), a London, U.K.-based leader in developing and implementing mobile marketing applications and content delivery; and Gavitec AG - mobile digit (www.gavitec.com), a Wurselen, Germany-based leading provider of mobile technology and marketing solutions.
This press release contains 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. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
qode is a registered trademark, and qode(R)reader, qode(R)window and One Click to Content are trademarks of NeoMedia Technologies, Inc. Other trademarks are properties of their respective owners.
NeoMedia Technologies, Inc. Charles T. Jensen, 239-337-3434 cjensen*neom.com or The Kaminer Group David A. Kaminer, 914-684-1934 dkaminer*kamgrp.com
Source: Business Wire (October 16, 2006 - 7:29 AM EST)
Execute Sports Posting Stronger Year-Over-Year Sales in Watersports Division for the Fourth Quarter -- Up Approximately 800 Percent for the Quarter-to-Date PrimeZone Media Network - October 16, 2006 9:00 AM (EDT)
By Staff
SAN DIEGO, Oct 16, 2006 (PrimeZone Media Network via COMTEX) -- Execute Sports, Inc. (OTCBB:EXCS) announced today that fourth quarter sales for its water sports business are up approximately 800% over the same period last year.
Geno Apicella, VP Watersports, stated that, "We are pleased to see stronger penetration into a number of key accounts with our wetsuit, vest and rash guard products, which has resulted in stronger fourth quarter sales for our business. Historically, our water sports sales have been heavily weighted in the January through June period but we expect to see this trend of expansion in our selling season continue. We are committed to building a strong line of rubber products under the Execute brand that appeals to the consumer from both a performance and price perspective."
Apicella added that, "A number of key factors should continue to drive our growth in the water sports business going forward, including the recent addition of Celeste Berouty as our VP of Sales (formerly Director of Sales for the wetsuit division at Body Glove), the expansion of our sales focus into the PWC (personal water craft market), and our debut in 2007 of our patent-pending Kampus water sports shoe line to the market."
Execute Sports also wants to congratulate Craig Warner (Kampus and Execute team pro) for winning the PWC racing National Championship this year in the Pro Runabout 1200 division.
About Execute Sports, Inc.
Based in San Clemente, California, Execute Sports, Inc. develops performance products including wetsuits, vests, rash guards, snowboards, wakeskates, bindings, bags and apparel for the action sports industry. The Company's brands include Execute Wetsuits, Academy Snowboards, Kampus Wakeskates and Kampus Shoes, Collective Development Bindings and Collective Development Bags. For more information, go to http://www.executesports.com and http://www.academysnowboards.com.
Execute Sports Todd M. Pitcher (858) 518-1387 Todd.pitcher*executesports.com
(C) Copyright 2006 PrimeZone Media Network, Inc. All rights reserved
Posted by The Phat Man on :
FGFC .01
First Guardian Financial Corporation Orders NOBO List to Review & Verify Actual Shares Outstanding NEW YORK, Oct 16, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation
(PINKSHEETS: FGFC) today announced that the Company has ordered a current NOBO
(Non Objecting Beneficial Ownership) list from ADP Investor Communications. The
NOBO list will show the company an exact number of shares outstanding and the
ownership of those shares; it is the most complete & accurate share profile that
is available to the company.
The company is taking this action as we prepare to retire a large block of the
company's common shares; this action is also being taken as part of preparing
the company to complete its audited financial statements and filing to trade on
the OTCBB.
"Once we receive the NOBO list we will review it with our auditors for any
possible inaccuracies and correct such if there are any at that time," explained
President Abraham Rosenman. "It seems to be that there may be some possible
discrepancies and we want to be completely sure that our records are 100%
accurate. Our primary interest is to have the least amount of shares outstanding
as we move towards the OTCBB, and to make sure that there is no significant
shorting of our shares, and if so to stop it immediately. We are committed to
creating value for all of the company shareholders. As the company moves forward
with increasing sales revenues and earnings from operations," said Abraham
Rosenman, President.
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real
Estate Financing & Invests for its own portfolio in small to mid sized
businesses. Its primary goal is to provide short term financing within the
commercial real estate market and invest and or provide secured short term
financing to businesses either in the start up stage or growth stage throughout
the United States.
This press release does not constitute an offer of any securities for sale. This
press release contains certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements involve certain risks and
uncertainties that could cause actual results to differ, including, without
limitation, the company's limited operating history and history of losses, the
inability to successfully obtain further funding, the inability to raise capital
on terms acceptable to the company, the inability to compete effectively in the
marketplace, the inability to complete the proposed acquisition and such other
risks that could cause the actual results to differ materially from those
contained in the company's projections or forward-looking statements. All
forward-looking statements in this press release are based on information
available to the company as of the date hereof, and the company undertakes no
obligation to update forward-looking statements to reflect events or
circumstances occurring after the date of this press release.
SOURCE: First Guardian Financial Corporation
CONTACT: First Guardian Financial CorporationInvestor Relations, 212-572-4823Fax: 212-572-6499ir*guardianfinancialcorp.comwww.guardianfinancialcorp.com
Posted by J_U_ICE on :
FGFC .0095
First Guardian Financial Corporation Orders NOBO List to Review & Verify Actual Shares Outstanding Business Wire - October 16, 2006 9:13 AM (EDT)
NEW YORK, Oct 16, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (PINKSHEETS: FGFC) today announced that the Company has ordered a current NOBO (Non Objecting Beneficial Ownership) list from ADP Investor Communications. The NOBO list will show the company an exact number of shares outstanding and the ownership of those shares; it is the most complete & accurate share profile that is available to the company.
The company is taking this action as we prepare to retire a large block of the company's common shares; this action is also being taken as part of preparing the company to complete its audited financial statements and filing to trade on the OTCBB.
"Once we receive the NOBO list we will review it with our auditors for any possible inaccuracies and correct such if there are any at that time," explained President Abraham Rosenman. "It seems to be that there may be some possible discrepancies and we want to be completely sure that our records are 100% accurate. Our primary interest is to have the least amount of shares outstanding as we move towards the OTCBB, and to make sure that there is no significant shorting of our shares, and if so to stop it immediately. We are committed to creating value for all of the company shareholders. As the company moves forward with increasing sales revenues and earnings from operations," said Abraham Rosenman, President.
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Copyright Business Wire 2006
Posted by J_U_ICE on :
UCOI .017
Unico, Inc. Chairman Files Form 4 on Stock Purchase of 1 Million Shares Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that chairman Ray C. Brown has purchased an additional 1,000,000 shares of Unico common stock. The purchase was made at a price of $0.016 per share on October 12, 2006 and brought the number of common shares that Mr. Brown owns to 2,550,000.
Mr. Brown's purchase is reflected in a Form 4 Statement of Change in Beneficial Ownership of Securities filed with the Securities and Exchange Commission.
"Unico is making significant strides toward the completion of the mill and processing facility on the property of its Deer Trail Mining Company subsidiary, and I am very pleased to again add to my common stock position," stated Mr. Brown on the date of his purchase.
"With additional labor coming to the site to assist in the completion of the construction phase and continuing work on the engineering and other aspects of the facility, we look forward to having the mill operating as soon as possible. Considering the progress at the mill facility, I have never been more confident in the future of Unico, Inc.," added Mr. Brown.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php.
About Unico, Inc.
Unico, Inc. (OTCBB: UCOI), is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has recently announced agreements to acquire over 70 additional mining claims. For more information, please visit www.unicomining.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
Source: Market Wire (October 16, 2006 - 8:06 AM EST)
WTVN (.0002)TV Merges With the Internet at Wi-Fi TV Unlimited Expansion Ability Plus Viewing and Participation Not Limited by Geographic Boundaries
NEWPORT BEACH, CA -- (MARKET WIRE) -- October 16, 2006 -- "TV is merging with the Internet at www.Wi-FiTV.com and neither medium may ever be the same," declared Alex Kanakaris, Chairman and founder of Wi-Fi TV Inc. (PINKSHEETS: WTVN), following an explosive and widely viewed series of live webcasts on Oct. 12 and 13 at www.***.com, a live Internet TV channel specializing in financial news and analysis.
"We tend to think of television as a quaint medium when compared with the rapidly changing Internet. Yet TV now seems poised to become every bit as dynamic as the likes of Google and Yahoo! because TV is merging with the Internet," stated Edward B. Driscoll Jr. in a feature article the November 2006 edition of Home Entertainment magazine.
"No one is better positioned strategically to be the world Internet TV leader than Wi-Fi TV. The growth potential is amazing when you realize that the Wi-Fi TV platform, viewable right now at www.Wi-FiTV.com, has virtually unlimited expansion ability in terms of Country and Category listings and universal accessibility, not just to watch but to participate," stated Kanakaris, who is also the author of "Signs of Intelligent Life on the Internet" (www.amazon.com).
"We launched our Internet content company in the mid-90s, delivered the first full-length movie for Internet viewing in December 1995 and innovated for years with video and eBook delivery. Today, Wi-Fi TV offers the best of the Internet and TV worlds from a standpoint of technology and range of delivery.
"Thanks to the Internet, we're giving everyone the power to own a TV channel or create video content or messages for a world audience. We are bringing live meetings for up to 25 participants with video and audio with MyWi-FiParty. We are letting viewers chat with each other with text messages while watching the same shows. And we are delivering to a geographic audience that makes the biggest cable TV networks look like they are stranded on a deserted island.
"At the same time, we are ramping up the delivery of traditional TV over the Internet, with 400 live TV channels and other live video feeds," concluded Kanakaris.
About Wi-Fi TV Inc.
Wi-Fi TV Inc. provides a new generation TV delivery platform that has a geographic sphere out-distancing any traditional cable or over-the-air TV broadcaster. Wi-Fi TV is offering subscriptions at only $24.99 per year when prepaid, or $29.99 per year following a 14-day free, no obligation trial period. In addition, Wi-Fi TV offers a five minute free trial with no sign-up required. Wi-Fi TV Channels are available for $25,000 per year (full details are on the web site www.Wi-FiTV.com).
The web site www.Wi-FiTV.com has been viewed from over 180 countries.
Wi-Fi TV has recently introduced a revolutionary new feature aimed at the millions of 18-24 year olds who use the Internet for social networking. It allows up to 25 different guests to see and hear each other in a private MyWi-Fi Party.
Wi-Fi TV Sales Opportunity
Wi-Fi TV is recruiting sales reps for Wi-Fi TV Channel and Subscription sales. Additional information on the Wi-Fi TV Sales opportunity is available at info*wi-fitv.com.
Press Relations
Wi-Fi TV Inc. has opened a new content and technology demo room for the press in Newport Beach, California. For further information contact Colby Marceau, (949) 716-9397, info*wi-fitv.com.
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. No fee has been paid to ***.com or related parties by Wi-Fi TV Inc. This press release shall not be deemed a general solicitation.
Anti Aging Medical Group Corp. Announces Revamping of New and Improved Website
TORONTO -- (MARKET WIRE) -- October 16, 2006 -- Anti Aging Medical Group Corp. (PINKSHEETS: AAGM), a specialty pharmaceutical company focused on developing, acquiring and commercializing innovative and scientifically proven products that offer both health maintenance and appearance enhancing benefits, announces that the company has changed their website address and is currently working on improving their previous website.
"Since we do not yet have IR in place, we at AAGM wanted to take this opportunity to improve from the initial website that was launched last year. We feel it is important to have the most up-to-date information, including past press releases and any new product info that is up and coming,"said Rita Sung, CEO AAGM.
We are a specialty pharmaceutical company focused on developing, acquiring and commercializing innovative and scientifically proven products that offer both health maintenance and appearance enhancing benefits to all of us. We here at Anti Aging Medical Group Corporation call this Nutraceuticals and Cosmeceuticals. Nutraceuticals are products that have multiple benefits in terms of revitalization for vision, prostate, bone and joint care as well as memory improvement. At Anti Aging Medical Group Corporation we are developing a drug delivery based, proprietary, non-prescription topical and oral product line which is fast becoming the industry's leader in the treatment of age resistance. Cosmeceuticals are skin care products which are specifically designed to enhance the appearance of your skin while catering to its needs.
Anti Aging Medical Group Corporation is developing a drug delivery based, proprietary skin care product line which fall under our Cosmeceuticals product line. Cosmeceuticals will not only reduce the signs of aging but they also provide significant skin care benefits. They serve to enhance skin appearance and reduce signs of aging. For more information about us please visit our website at www.anti-agingmedical.net.
This news release contains forward-looking statements. These statements describe management's current beliefs and expectations concerning the future of Anti Aging Medical Corp. These forward-looking statements are identified by using words such as "expect," "believe," and "should." Although the beliefs and expectations mentioned in this release are reasonable, the Company's operations involve a number of risks and uncertainties. Therefore, these statements may turn out not to be true.
The Company will not update forward-looking statements in this news release to reflect actual results, changes in assumptions, or changes in other factors affecting such forward-looking information.
FORWARD-LOOKING STATEMENTS:
This release contains forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 and involve risks and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product development and acceptance, manufacturing, competition, regulatory and/or other factors, which are outside the control of the Company.
Note: The FDA has not evaluated these statements. This statement is not intended to diagnose, treat, cure of prevent disease.
Distributed by Filing Services Canada and retransmitted by Market Wire
Contact: Anti Aging Medical Group Corp. E-mail: Email Contact
SOURCE: Anti Aging Medical Group Corp.
Posted by fishfarmer on :
SMMW -- Summus Works, Inc. Com (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Summus Works: Summus Works, Inc. Reports 3rd Quarter Outdoor Sports Wholesale Division Revenues of $468,638.98
DENVER, CO, Oct 16, 2006 (M2 PRESSWIRE via COMTEX) -- Summus Works, Inc. (PINKSHEETS: SMMW) announced that its outdoor sports wholesale division reported $468,638.98 gross revenue for the quarter ending September 30, 2006. The Company specified that the revenues reported are specific to its outdoor sports wholesale operations only.
Summus Works, Inc. (PINKSHEETS: SMMW) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
CONTACT: Dan Burgess, Summus Works, Inc Tel: +1 888 607 9495 e-mail: summus*summusworks.com WWW: http://www.summusworks.com Stuart T. Smith, Small Cap Voice Tel: +1 512 267 2430 e-mail: info*smallcapvoice.com WWW: http://www.smallcapvoice.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
Mercator Partners Acquisition Corp. Completes Acquisitions Creating Global VNO Leader Monday October 16, 9:41 am ET
RESTON, Va.--(BUSINESS WIRE)--Mercator Partners Acquisition Corp. (OTCBB:MPAQ - News, MPAQB - News; "Mercator Partners" or the "Company") today announced the acquisition of all the outstanding shares of Global Internetworking, Inc. and European Telecommunications & Technology Limited following approval by its stockholders. Mercator Partners will change its name today to Global Telecom & Technology, Inc. As a result of the acquisition of these companies, Mercator Partners' outstanding shares of Class B common stock have been automatically converted into shares of Mercator Partners' common stock. In accordance with the proxy, the Company was able to consummate the stock purchases by having stockholders of Global Internetworking and European Telecommunications & Technology and other parties due proceeds from the acquisitions agree to defer cash payments of over $6.2 million at the closing of the acquisitions. The Company has issued 6% promissory notes to the stockholders for their deferral. These notes become due on June 30, 2007. ADVERTISEMENT
The Company will be contacting the OTC Bulletin Board to cease trading in its shares of Class B common stock under the MPAQB symbol. Until that occurs, shares trading under the symbols of MPAQ and MPAQB shall represent the same class of shares of common stock. The Company is in the process of completing its application to list its common stock, Class W and Class Z warrants on Nasdaq. Mercator Partners plans to supplement this press release through the filing of a Form 8-K by Friday, October 20, 2006.
This press release contains statements about future events and expectations, which are "forward-looking statements." Any statement in this release that is not a statement of historical fact may be deemed to be a forward-looking statement. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements.
Contact: Mercator Partners Acquisition Corp. Rhodric Hackman, 703-995-5534 rch*mercatorpac.com
Posted by J_U_ICE on :
STTK .205
Smart-tek Awarded $300,000 in Security/Surveillance Technology Contracts
Monday, October 16 2006 11:24 AM, EST
CORTE MADERA, Calif., Oct. 16, 2006 (PRIMEZONE) -- Smart-tek Solutions, Inc. (OTCBB:STTK) announced today that its operating subsidiary Smart-tek Communications Inc. ("SCI"), has been awarded the security/surveillance contracts for the Aberdeen residence, E-COMM Telecare Call Center and the Flatiron Residential Towers. The total value of the contracts are in excess of $300,000 . "We are continuing to experience a great deal of success in securing new contracts for our security/surveillance technology business," said Perry Law, President and CEO of Smart-tek. "We have put a lot of effort over the years to develop key strategic relationships along with developing a reputation of being able to complete our projects on time and on budget. These relationships and our reputation have been instrumental in the growth of our business and we are continuing to see a great deal of success in signing new contracts with local and international developers working in the greater Vancouver area." The Aberdeen residence project is a residential project for which we will be providing the access controls and cctv systems. For the E-COMM Telecare Call Centre project, we will be providing and installing a voice, data and access control system along with the required infrastructure. The Flatiron Residential Tower in downtown Vancouver is a residential project for which we will be providing and installing access control, intercom cctv and suite security systems. About Smart-tek Solutions Inc. Smart-tek Solutions Inc. is a technology holding company in the security and surveillance sector and poultry monitoring with its RTAC-PM bird flu containment system, providing turnkey state of the art systems design and installation through its wholly owned subsidiary, Smart-tek Communications, Inc. Smart-tek Communications, Inc. is the Company's initial acquisition in this sector and is appropriately positioned to pursue additional acquisitions in order to restore and enhance shareholder value. Smart-tek Communications ("SCI") is a market leader in providing surveillance technology solutions for the monitoring and containment of the H5N1 virus with the recent introduction of its RTAC-PM system. This scaleable system has been designed to help countries contain the deadly avian flu virus currently threatening the world. Smart-tek Communications Inc. is a market leader in integrated security, voice and data communication systems. Located in Richmond, British Columbia , SCI specializes in the design, sale, installation and service of the latest in security technology with proven electronic hardware and software products. SCI has positioned itself as a security systems leader in the Greater Vancouver area, supplying over 45% of new downtown core construction projects. Valued customers include major developers, general and electrical contractors, hospitals, Crown Corporations, law enforcement agencies and retail facilities. Projects range from high-end residential and commercial developments to system upgrades and monitoring contracts. SCI's continued growth and success is a direct result of providing a consistently superior product at competitive pricing to both new and existing clients. SCI's stellar client retention is in itself a testimonial to the overall excellence of the product designed and installed. More information on Smart-tek Solutions' RTAC-PM bird flu containment system can be found at www.smart-teksolutions.com/rfid.html. More information on Smart-tek Solutions can be found at www.smart-teksolutions.com. Notice Regarding Forward Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements regarding the Company's business which are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. Readers are directed to the Smart-tek Solutions reports as filed with the U.S. Securities and Exchange Commission from time to time, including but not limited to its most recent annual report on Form 10-KSB for the year ended June 30, 2005 and quarterly report on Form 10-QSB the quarter ended March 31, 2006 for further information and factors that may affect Smart-tek Solutions business and results of operations. Smart-tek Solutions Inc. undertakes no obligations to publicly update any forward-looking statements to reflect future events or circumstances. CONTACT: Peter Nasca Associates, Inc. Peter Nasca (305) 937-1711
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XDSL .17
mPhase Technologies Expands Business Development in Eastern and Central Europe
Monday, October 16 2006 11:11 AM, EST
Press Releases " LITTLE FALLS, N.J.--(BUSINESS WIRE)-- mPhase Technologies (OTCBB: XDSL) today announced the appointment of Elena Waldhuber as Business Development Director, responsible for growing mPhase's TV+ internet-based (IPTV) software business in Central, Eastern Europe , Russia and the Commonwealth of Independent States (CIS). mPhase's decision to expand business development in the region follows several pilot IPTV projects with customers in the region. With extensive channel development and sales support experience in the region, Waldhuber's prime responsibility will be to identify and develop new business opportunities in focus markets. She is also taking on responsibility for developing channel partner relationships in such growth markets as Ukraine , the Baltic States and the Caspian region. "Central, Eastern Europe , Russia and the CIS region represent some of the most diverse and rapidly growing telecom markets, and the penetration of IPTV deployments is surpassing all predictions," commented Ronald Durando, mPhase chief executive officer. "Elena's seasoned international business expertise, linguistic skills, and deep understanding of each service provider's unique needs, will aggressively drive mPhase's growth and market expansion." Waldhuber brings to mPhase Technologies more than 17 years of telecommunications experience in marketing, B-2-B sales, supply chain and communications. Most recently she was responsible for global test and measurement supplier relationships at Lucent Technologies. Previously, she managed customer and corporate communications from Lucent's Europe , Middle East and Africa headquarters in Brussels . Prior to entering the telecommunications industry she was certified for computer software engineering in Russia . She also held sales positions for companies in her native Russia , focusing on Central Asian markets. Waldhuber holds a BA from Moscow State Linguistic University and is fluent in several languages. About mPhase Technologies, Inc. mPhase Technologies Inc. (OTCBB: XDSL) develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. In telecommunications, the Company's mPhase TV+ System cost-effectively and reliably manages the delivery of television or video over broadband DSL, fiber or Ethernet access lines. mPhase also offers a line of innovative DSL component products designed to help service providers lower the provisioning and operating costs associated with DSL. More information is available at the mPhase Web site at www.mPhaseTech.com. Safe Harbor Statement This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of all the companies mentioned in this press release in light of current conditions, expected future developments and other factors they believe to be appropriate. Actual results may differ as a result of factors over which the companies have no control. Source: mPhase Technologies, Inc.
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GSPG .0045
GoldSpring, Inc. Announces Successful Hearing in State Court Lawsuit Monday, October 16 2006 11:52 AM, EST
GOLD HILL, Nev., Oct. 16, 2006 (PRIMEZONE) -- GoldSpring, Inc. (OTCBB:GSPG) announced today that it was successful on three separate motions heard in its State Court Lawsuit on October 13, 2006 . The Court denied a motion filed by Defendants to strike the testimony of a key witness, as well as denying Defendants' motion for summary judgment on the conspiracy counts. Lastly, the Plaintiffs' motion to compel key Defendant, Ron Haswell, to turn over various brokerage and banking records pertaining to the matters at issue in the lawsuit was granted, further ordering Haswell to pay for attorney costs associated with Plaintiffs' request for these records. The next key date in the case is a hearing scheduled for January 19, 2007 to address several summary judgment and related motions. A new trial date has not yet been set in the case. In discussing this success in the litigation, Rob Faber, President and CEO of GoldSpring, stated, "In summary, it was a great day for us. We are consistently having our positions vindicated by wins in both our state and federal court suits. We continue to be optimistic that we will satisfactorily resolve the balance of this pending litigation in the near future. I look forward to 2007 when I believe that the current trend of successes in the litigation added to continued progress in operations should yield exciting results for the Company." GoldSpring, Inc. is a North American precious metals mining company with an operating gold and silver mine in northern Nevada . The Company was formed in mid-2003 and acquired the Plum Mine property in November 2003 . In the Company's relatively short history, it secured permits, built an infrastructure and brought the Plum project into production. During 2005, the Company acquired additional properties around the Plum project in northern Nevada , expanding its footprint and creating opportunities for exploration. GoldSpring is an emerging company, looking to build on its success through the acquisition of other mineral properties in North America with reserves and exploration potential that can be efficiently put into near-term production. The Company's objectives are to increase production, increase reserves through exploration and acquisitions, expand its footprint at the Plum mine, and maximize cash flow and return for its shareholders. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by GoldSpring) contains statements that are "forward-looking," as defined in Section 21E of the Securities Exchange Act, such as statements relating to the future anticipated direction of the high technology and energy industries, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, mining capability and potential contracts. Such forward-looking information involves important risks and uncertainties, which include the risk factors disclosed in our most recent Form 10-KSB filed on April 15, 2005 , that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of GoldSpring. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors. These and other factors, which could cause actual results to differ materially, are discussed in more detail in GoldSpring's filings with the Securities and Exchange Commission . Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. Contact information for GoldSpring, Inc. :
P.O. Box 1118 Virginia City, NV 89440 Tel 775.847.5272 Fax 775.847.4762 www.goldspring.us
CONTACT: GoldSpring, Inc. Robert T. Faber, President and CEO (480) 603-5151 rfaber*goldspring.us
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BZTG .017
LOS ANGELES, BEIJING and BANGKOK, Oct. 16 /PRNewswire-FirstCall/ -- Archer Entertainment Media Communications Inc. (OTC: ACRM), (www.archeremc.com) announced today the opening of its Beijing, China offices amid preparations to begin broadcasting of China's first television-over-the-Internet (IPTV) channels exclusively for the Chinese people both within China, and Chinese Living Abroad (CLA) of over 30 million Chinese living around the world. Jun Chen, Archer Vice President of Business Development, China, will direct Archer's activities in China.
China Broadcast Live (CBL) and the PCO TV (People of Chinese Origin) Channel targets a potential audience of a billion consumers and follows the successful inauguration of Archer Media and IndiaTVLive's PIO TV (People of Indian Origin) via IPTV protocol, in New Delhi, on August 17, 2006. India TV Live and PIO TV are the first Internet television channels exclusively for the Indian diaspora community. Archer's IPTV ventures in Asia heralds many more entertainment products to come from Archer Media.
'Archer's pioneering success in Internet Protocol Television (IPTV) places Archer Media in the forefront of the burgeoning global revolution in content delivery via the Internet,' said Michael Selsman, Archer CEO. Archer Media will partner with Bangkok-based Buzz Technologies Inc (OTC: BZTG) www.12buzz.com to provide a state of the art experience for IPTV viewers. Buzz Technologies has recently formed an alliance with Nero www.nero.com and a number of China based Manufacturers of Mobile Handsets and Computer Hardware, details of the agreements are expected to be made public in the coming week. Buzz will deliver IPTV over a range of devices including Smart Phones and PDAs.
Mr. Chen is an accomplished entrepreneur in China, focused on entertainment and commercial real estate finance, management and development. He was formerly an executive at the Beijing City Development Company, China Real Estate Department Post and China Media Data Encryption Company. Mr. Chen has extensive knowledge and hands on experience in China's media entertainment and land development projects.
Contact: info*archeremc.com or info*prestigeasia.com
About Archer
Archer Entertainment Media Communications Incorporated, www.archeremc.com, is the parent company of a distinctive portfolio of online and offline assets engaged in the production, aggregation, delivery, distribution, exhibition and security of digital content and the development of real property related to the conversion or construction of digital cinemas. Through multiple platforms that include live IP video streaming, Internet Protocol Television (IPTV), Pay-per-View (PPV), Video-on-Demand (VOD) and digital cinema, Archer affords its subscribers and customers diverse and desired content through its digital network while safeguarding intellectual property rights through digital watermarking and DRM features, providing a unique and compelling value proposition to distributors, broadcasters, content aggregators and advertisers around the world. Archer has funded the development, technology integration and launch of www.indiatvlive.com, the forthcoming debut of People of Indian Origin (PIO) channel, and later this year, ChinaBroadcastLive (CBL).
ChinaBroadcastLive is a vertically integrated global entertainment and media company engaged in the production, acquisition, delivery, distribution and exhibition of digital content through various platforms including the Internet, IPTV, Video-On-Demand (VOD), Pay-Per-View(PPV) and other electronic means and methods currently available and those in the future. CBL has created a digital infrastructure leveraging existing Internet assets and resources providing a secure, complete, end-to-end digital solution positioned to capture the global audience. CBL members have extensive experience in content production, aggregation, acquisition, distribution and delivery of entertainment product in addition to talent management and studio administration. ChinaBroadcastLive intends to become the Voice of China to the world
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Cash Now (CHNW) Announces The Launch Of Its New Web Site and 2 Additional Revenue Streams Models PR Newswire - October 16, 2006 12:37
FORT LAUDERDALE, FL, Oct 16, 2006 /PRNewswire-FirstCall via COMTEX/ -- Cash Now Corporation (CHNW.PK) www.cashnow.com today announced the launch of its new corporate web site. The new site integrates all the features, goods and services offered by the company in an easy to navigate tab system. In addition the company also launched 2 additional revenue stream models, namely the "Financial Suite" and the "Sales in Motion Suite". The recently announced "Credit Suite" has been implemented, branded and will be marketed to the general public as Cash Next. The Credit Suite, is a customized online commercial lending marketplace for business loans with over 300 loan applications. The Financial Suite System is designed to automate the back end and allow easy communication with lenders and underwriters for the loan and mortgage industry. Sales in Motion is a Lead Management system that allows for lead gathering, appointing, tracking and has a built in e-mail marketing engine. Vern Khosla, Cash Now's IT project manager exclaims "These are the 3 most critical components required to operate and manage a web based financial enterprise, we are very proud to be the industry's first business aggregator and supplier of this technology". Prior to the completion of the USA version and as a market test, the Suites were initially launched in Canada and Australia in 2004 in an Alpha and Beta stages and for research and development purposes. The Australian market showed a great desire for the product. In Canada, the Canada test offered a deeply discounted price point (Approximately $10,000.00 in 2004) compared to today's pricings, and the company achieved about $500,000.00 in sales revenue. The company estimates that this sales revenue can easily be multiplied several times over with the launch into the USA market. Garr Winter, Cash Now's marketing director says "To the best of our knowledge and research there are 2 other private companies offering similar services to the industry. One is in Montreal Canada, (selling primarily to the Canadian market) which has been operating for the past two years, while the other one is in California which primarily focuses on the USA market and have been offering their program since 1983. The California company reportedly has about 3,000 agents utilizing their system at a price point of about $15,000.00 to $25,000.00 each. Neither one of these companies offers technology to their licensees, and instead they have embraced the "standard pen and paper underwriting" method. This is where Cash Now's will have both the technological and marketing advantage over these competitors, and our vigorous and aggressive marketing campaign into both Canada and USA markets will give us a competitive edge."
ABOUT CASH NOW
Cash Now Corporation (CHNW.PK), a pioneer in the Internet payday loan, and check cashing industry is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. For instance, the Cash Next Super Broker concept is taking North America by storm! Our team of highly qualified financial executives know what works, and what it takes to place your loan request! Cash Next is backed by a highly experienced team, delivering blue chip solutions for businesses, and consumers. The company's proven business model includes licensing to corporately operated joint venture locations across the U.S., Canada, Australia, and UK. Cash Now offers a Payday Loan License program, Payday Express; a Payday Loan and Check Cashing License known as Check Express and an Authorized Agent Program for existing retail establishments; as well as a host of related financial services for small and medium-size businesses that includes the Cash Next broker program. Cash Now with its web based and focused outlook has won the Golden Web award in 2001, 2002, 2003 and 2005. In 2005 Profit Guide magazine ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies. In 2005 Cash Now was ranked # 44 out of top 1000 fastest growing franchising companies by Entrepreneur guide.
SOURCE Cash Now Corporation
Kevin Price, Cash Now Corporation, Toll Free: (888) 224-9641, e-mail: cashnowcorp*cashnow.com, WWW: http://www.cashnow.com
Copyright (C) 2006 PR Newswire. All rights reserved
Posted by J_U_ICE on :
SPZI .0105
Spooz Announces Fractalz ''Cubed'' Launch Oct 16, 2006 12:50:00 PM Copyright Business Wire 2006 CHICAGO--(BUSINESS WIRE)--
Spooz, Inc. (OTCBB:SPZI), announced that the launch of its Fractalz(3) product will occur at 3:00 PM CDT. Fractalz(3), which in non-HTML reads as Fractalz "cubed", is based upon chaos theory models that mathematically predict prices of equities, futures, ETFs, Forex and spreads with remarkable accuracy. Fractalz(3) will allow users to project pricing on a daily, weekly and monthly basis and generate historical returns for user defined strategies using the included back testing engine.
The Fractalz(3) EOD (end of day) version will be available October 16 to consumers at www.fractalz3.com for $89 per month, after a two week free trial. This monthly rate currently also includes access to the Spooz "end of day" database for stocks, futures, indices and Forex. Look for additional analytical features to be added periodically and execution features to be available when SpoozToolz 2.0 is released early next year.
About Spooz, Inc.
Spooz, Inc., a publicly traded company based in Chicago, provides a suite of solutions designed to simplify financial trading for traders and hedgers alike. SpoozToolz(TM) and its modules, the Company's flagship products, add built-in trading capabilities to the popular Microsoft(R) Excel software application, combining a customizable interface, streaming quotes, charts, technical analysis, a comprehensive historical database, and electronic trade execution into a simple add-in that becomes part of the Excel tool bar. Spooz, Inc.'s wholly-owned subsidiary Tetrahex, Inc. is the developer of a revolutionary adaptive forecasting software product known as Fractalz(3). Fractalz(3) is a price-predictive software based upon chaos theory models as they apply to the financial markets. Spooz, SpoozToolz and Fractalz(3) are trademarks of Spooz, Inc.
Source: Spooz, Inc.
---------------------------------------------- Investor Relations for Spooz Inc. Darryl Dennis 312-379-3166 info*spooz.com or Equiti-trend Advisors LLC 800-585-6988 toll-free 858-436-3350 international callers
Posted by J_U_ICE on :
FMSH .0003 FSMH -- FSBO Media Holdings, Inc. Class A Com ($0.0001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
FSBO Media Holdings, Inc. Orders Shareholder List From Its Transfer Agent
FT. LAUDERDALE, FL, Oct 16, 2006 (MARKET WIRE via COMTEX) -- (PINKSHEETS: FSMH), FSBO Media Holdings, Inc. announced that it has ordered a shareholder list from its transfer agent. The company will review it against the NOBO list which when obtained will clarify all owners of its issued and outstanding shares in an effort to resolve possible irregularities with the trading of its shares. Upon the comparison of the NOBO list to the transfer agents list the company will be able to determine if there is a significant short position. The NOBO list is a non-objecting beneficial owners list that offers the names and share positions of the clients of banks and brokers who hold their positions in street name. The company requested a NOBO list to determine if there is a significant failure to deliver position in their stock. About FSBO Media Holdings, Inc. www.fsbomediaholdings.com
FSBO Media Holdings excels in web development and media strategy, online-offline promotions, partnership marketing and branding/identity. FSMH utilizes conventional forms of media advertisement such as internet, TV, print and radio. Other service providers will be able to advertise services and products and technologies through the FSBO Media Holdings network of affiliates. FSBO Media Holdings, Inc. will also seek to acquire other businesses and technologies as well as other providers of media content. FSBO Media Holdings has established individual divisions to include FSBO Home Shoppers Network an online merchandiser of thousands of household items, FSBO Financial Network by which the Video-Spectus(TM) is produced and sold. FSBO Mortgage, FSBO Title and FSBO flat fee home listing and marketing services are offered to our subscribers at substantial discounts. The company has also created self-help training CDs to include By Owner University which guides the FOR SALE BY OWNER subscriber with tips and ideas on how to sell their home on their own. BY OWNER UNIVERSITY.COM and the Help-U-Build Guide instructs the subscriber how to build their home on their own which could save them thousands in construction costs. Both CDs are produced in English and Spanish.
FSBO has acquired Presidential Holdings Inc., a military and homeland defense consulting business. Presidential consults with private and public companies that have products, services or technologies in areas of homeland defense, first responders, law enforcement, and emergency medical services. www.presidentialholdings.com
This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size, international sales, including statements regarding the intent, belief or current expectations of FSBO Media Holdings, Inc. and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could change actual results. Investors should refer to factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.
Contact: FSBO Media Holdings, Inc. Marlene Shim Public Relations marlene*fsbomediaholdings.com 1-866-453-FSBO (3726)
SOURCE: FSBO Media Holdings, Inc.
Posted by J_U_ICE on :
SLJB .12
Sulja Announces Opening of New Retail Store in East Windsor/Tecumseh
WINDSOR, ON -- (MARKET WIRE) -- October 16, 2006 -- Sulja Bros. Building Supplies Ltd. (PINKSHEETS: SLJB) announces the opening of a new retail store aimed at home owners at the retail level. The store has been strategically located in the East end of Windsor in close proximity to our nearest competitors.
CEO Petar Vucicevich stated today, "The new retail store should be fully operational by mid December. It is only a precursor to a larger outlet that will be built around the same area in the spring of 2007." The new store is located near the bustling and upcoming town of Tecumseh which just won a contract for a new stadium and a racetrack. This has promised higher growth in the region and Sulja will be in a position to capture its share of the growing market.
Furthermore CEO Vucicevich stated, "I have been assured by our auditors that we will be in possession of all documents by week's end. With any luck we will have time to review the documents and submit them for our shareholders to review."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
SOURCE: Sulja Bros. Building Supplies Ltd.
Posted by J_U_ICE on :
NSMG .06
National Storm Management Responds to Significant Storm Damage in the Midwest Monday October 16, 3:10 pm ET
Storm System Rolls Through Midwest With Heavy Rain, High Winds and Hail Damage
CHICAGO, IL--(MARKET WIRE)--Oct 16, 2006 -- Heavy storms rolled through Chicagoland the week of October 2 with 95 miles per hour winds and hail up to 1.75 inches in diameter damaging homes, downing power lines and trees. ComEd, a unit of Chicago-based Exelon Corporation which provides service to approximately 3.7 million customers across Northern Illinois, declared the storm to be Illinois' worst since November 1998 and stated that approximately 470,000 of its customers were affected. ADVERTISEMENT
A few days later, parts of Ohio were ravaged by severe thunderstorms which delivered hail up to 1.5 inches in diameter, damaging thousands of homes in the Columbus area including punching holes through siding and shattering windows. According to The Columbus Dispatch, State Farm Insurance, which insures 23 percent of the homes in the Columbus area, expects 10,000 auto and home claims totaling $75 million. So far, 1,300 State Farm customers have filed claims.
"Over the past week we have expanded our sales teams in the Chicagoland and Columbus markets as residents are seeking to repair damage to their homes," said Terry Kiefer, president and CEO, National Storm Management. "These events validate our strategy to have established retail operations in place to service the needs of area residents in storm prone regions of the country. We have been able to react to these storms more quickly than ever before due to our presence in these locations."
About National Storm Management, Inc.
National Storm Management (Other OTC:NSMG.PK - News) is an expanding national construction company headquartered in Glen Ellyn, Illinois and providing storm restoration services in nine states. Its operating affiliates include: ABC Exteriors (Illinois and Indiana); Pinnacle Roofing (Florida, Mississippi and Louisiana); MSM Builders and Remodelers (Missouri); WRS, Inc (Minnesota); First Class Builders (Maryland); and First Class Roofing and Siding (Ohio). The company and its affiliates are recognized by all major insurance companies such as State Farm, Allstate, Farmers and others for storm related claims. The company is a member of the National Roofing Contractors Association (NRCA) and the Better Business Bureau. More information is available at www.nationalstorm.com. Posted by osoaz on :
IDS and HLS Awarded Expanded Territories for Security Services
2006-10-16 15:30 ET - News Release
ORLANDO, FL -- (MARKET WIRE) -- 10/16/06
IDS Worldwide, Inc. (PINKSHEETS: IDWD) announced today that due to the tremendous success of HLS Security Services in Pakistan the company has been granted the right to expand services throughout the Gulf Region. This is an overwhelming endorsement of both the technical capabilities and quality of HLS Security Services in the region.
Now in addition to the previous security monitoring services HLS will be able to offer fire suppression and monitoring equipment and services. More detailed information and formal documentation will be forthcoming in the coming days but the meetings are still ongoing.
Additionally, the companies will be able to update matters relating to the buyout after the next round of meetings conclude in Dubai this Wednesday. IDS and HLS had planned to release more detailed information regarding all of these matters today but the enormity of the new agreements and their respective ramifications have required these meetings to continue past this weekend. IDS and HLS are aware shareholders would like further details and although verbal agreements have been consummated, the necessary paperwork has not been finalized by company lawyers for all parties' signatures.
IDS and HLS have other significant events to update but must await signing by all parties before releasing the full details. IDS and HLS regret this necessary delay but feel it is prudent to await complete documentation and unfortunately could not update shareholders until this time today due to these continued meetings to finalize the aforementioned documents.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
For further information contact: IDS Worldwide, Inc. info*ids-worldwide.com http://www.hlsworldwide.com Posted by J_U_ICE on :
DYNK .21
DynTek Acquires TekConnect Corporation Monday, October 16 2006 3:55 PM, EST
IRVINE, Calif ., Oct. 16 /PRNewswire-FirstCall/ -- DynTek, Inc. (OTC Bulletin Board: DYNK), a leading provider of professional technology services, today announced it has completed the acquisition of the operating assets of TekConnect Corporation based in Cherry Hill, New Jersey . TekConnect Corporation is a leading technology integration and consulting firm with a focus on the K-12 education market. Founded in 1975, the company has sales and service locations in Troy, Michigan and Cherry Hill, New Jersey . TekConnect offers an extensive range of services, including technology consulting, systems integration, staff development, and staff augmentation. On a trailing twelve month basis the firm had approximately $7.1 million in revenue. This transaction completes DynTek's acquisition of TekConnect's operating assets. On June 19, 2006 , DynTek announced the acquisition of the assets of TekConnect's Long Island Division, based in Islip, New York . In addition, Steve Struthers, TekConnect's founder and president, will join DynTek as chief technology officer, to focus on the development of vertical market-oriented professional technology solutions. "We are very excited about this opportunity to expand our specialized education technology solutions throughout the United States and Canada ," said Struthers. "We have parallel strategic partnerships and solution sets, which position the two organizations to benefit from one another." "The completion of this acquisition will increase our sales and service density in the Northeast and Midwest regions, and further, allow DynTek to offer focused service offerings to our growing customer base," said Casper Zublin Jr., DynTek's chief executive officer. About DynTek DynTek is a leading provider of professional technology services to mid-market companies, such as state and local governments, educational institutions and commercial entities in the largest IT markets nationwide. The company offers technology practices in IT security, advanced network infrastructure, voice over internet protocol ("VOIP"), and access infrastructure. DynTek's multidisciplinary approach allows our clients to turn to a single source for their most critical technology requirements. For more information, visit www.dyntek.com. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that certain statements in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors. Such uncertainties and risks include, among others, our ability to renew contracts with customers of TekConnect Corporation ; success in reaching target markets for services and products in a highly competitive market and the ability to maintain existing and attract future customers; the ability to finance and sustain operations, including the ability to comply with the terms of working capital facilities and/or other term indebtedness of the Company, and to extend such obligations when they become due, or to replace them with alternative financing; the ability to raise equity capital in the future; the ability to achieve profitability despite historical losses from operations; the ability to maintain business relationships with IT product vendors and the ability to procure products as necessary; the size and timing of additional significant orders and their fulfillment; the continuing desire of and available budgets for state and local governments to outsource to private contractors; the ability to successfully identify and integrate acquisitions; the retention of skilled professional staff and certain key executives; the performance of the Company's government and commercial technology services; the continuation of general economic and business conditions that are conducive to outsourcing of IT services; the ability to maintain trading on the NASD OTC Bulletin Board or other markets in the future; and such other risks and uncertainties included in our Annual Report on Form 10-K filed on October 13, 2006 , and other SEC filings. The Company has no obligation to publicly release the results of any revisions, which may be made to any forward-looking statements to reflect anticipated or unanticipated events or circumstances occurring after the date of such statements. SOURCE DynTek, Inc.
Posted by IMAKEMONEY on :
Press Release Source: Exabyte Corporation
Exabyte Releases New StorageLoader and LTO-2 Drives into Its U.S. Channel Monday October 16, 2:53 pm ET Three New Products, Ideal for Small-to-Medium Businesses Seeking LTO-2 Performance, Offer Elegant Design, Industry-Leading Features, and Affordability
BOULDER, Colo.--(BUSINESS WIRE)--Exabyte Corporation (OTCBB: EXBY - News), a leading innovator in tape backup, restore and archival systems, today announced the availability of three new LTO-2 products to its channel partners in the U.S. The Exabyte StorageLoader(TM), a 1U autoloader with LTO-2 tape technology, and internal and external versions of the Exabyte Magnum Tape Drive (LTO-2). The three products are designed for the small-to-medium business user who needs the performance of LTO-2 at an affordable price. Made possible by the pending purchase of Exabyte assets by Tandberg Data, these products are available for order immediately through Exabyte's distribution and reseller partners. Exabyte StorageLoader LTO-2 1x8 1U Tape Autoloader
The Exabyte StorageLoader LTO-2, the industry's first 1U LTO-2 autoloader, provides the best price, highest storage density, and most efficient cartridge loading of any LTO autoloader on the market today. It offers both value and performance to small-to-medium businesses (SMBs) seeking an entry-level price and the performance of LTO-2 technology. The StorageLoader holds up to eight LTO-2 tapes, offers easy-to-install and easy-to-use operation in a sleek 1U rack-mountable form factor, making it ideal for SMBs that want to upgrade from stand-alone tape drives to LTO tape automation to improve performance and reduce the time and hassle of data backup.
StorageLoader Features and Benefits
Includes a single half-high LTO-2 tape drive Hold up to eight LTO-2 tape cartridges in two tape magazines (four tapes each) Up to 3.2 TB of compressed data, 1.6 TB native Ultra 160 SCSI/LVD connection Up to 48 MB/s compressed transfer rate, 24 MB/s native Remote management/Ethernet, bar code reader, and rack mount kit are all standard A slim "1U" rack design saves valuable rack space Tape automation reduces administrative staff required to backup data LTO format is widely accepted as an industry standard Easy to maintain with field replaceable drive, power supply and fans Industry-leading price Reliability, Flexibility & Convenience
The Exabyte StorageLoader provides a unique cartridge-load design with two 4-slot removable magazines storing a total of eight data cartridges. Each magazine may be ejected through the LCD user interface and an emergency eject feature in case of power failure. Convenient labeling of the eight data cartridges (or seven plus a cleaning cartridge) in two magazines offers controlled storage with easy media labeling for quick, convenient, and accurate off-site storage.
The StorageLoader uses an LTO-2 half-height drive from Tandberg Data that features the lowest power consumption (18W) of any LTO tape drive, and its unique airflow design minimizes heat dissipation throughout the drive for greater reliability and increased longevity. Tandberg's "smart gripper" technology securely locks the media leader pit for fail-safe tape loading. Total cost of ownership and minimum down time are built into the StorageLoader. The tape drive, power supply and fans are all field replaceable without removing the autoloader from the rack, saving valuable time and money by avoiding costly onsite service visits. The StorageLoader's metal construction provides an extremely robust and rugged solution for optimal, long-term operation.
Best-in-Class Choice for SMBs
The convenience and reduced administrative resources of an automated solution and a mid-range feature set at a budget-friendly cost makes the Exabyte StorageLoader LTO-2 a "best-in-class" choice for small-to-medium businesses moving to automated backup from traditional standalone tape drives. All cables and a SCSI bus terminator to facilitate connectivity to the host network are included. End users need only to add media to begin backup/restore operations within minutes.
Exabyte Magnum Tape Drive (LTO-2)
The Magnum Tape Drive (LTO-2), available in both half-high internal and external versions, is one of the fastest and most compact LTO-2 tape drives available. It offers high capacity, reliability, and performance at an affordable price.
Features and Benefits
Up to 173 GB/hr. and 48 MB/sec. compressed transfer rate, 24 MB/sec. native Large 400 GB compressed storage capacity, 200 GB uncompressed 50% faster than LTO-1 drives and up to 8x faster than current DLT VS drives Available as internal or external drive Perfect for SMBs who require low cost, real time archiving within a small window Excellent for distributed, multiple LTO vendor environments Efficient design minimizes moving parts and three-year warranty offers peace of mind The LTO-2 tape drive is designed for small-to-medium businesses seeking large-capacity backup with the reliability and performance of LTO-2 technology at an entry-level price. The unique cooling airflow eliminates the need for a separate fan. This reduces the number of components that can fail and reduces power requirements, which also reduces heat generation. The drive offers intelligent head cleaning, sophisticated tape threading, extensive media management, and a full three-year warranty.
"These new products now offered through Exabyte provide SMB customers with a variety of options for LTO-2 technology at compelling price points," said Kelly Beavers, Vice President, Product Marketing at Exabyte. "Whether stepping up to the performance of LTO-2 for the first time or expanding to the convenience of automation, these products offer both industry-leading performance and exceptional value."
Pricing and Availability
The Exabyte StorageLoader LTO-2 1x8 1U Tape Autoloader and Exabyte Magnum Tape Drive (LTO-2), half-high internal and external, are available immediately through Exabyte's channel of distribution and reseller partners. The estimated street price of the StorageLoader will start at $3,400 and the Magnum drives will start at $1,550 for an internal drive and $1,890 for external drive. For more information, visit www.exabyte.com or call 1-800-EXABYTE.
Tandberg Data-Exabyte Transaction
Tandberg Data and Exabyte recently announced an agreement for sale of substantially all of Exabyte's assets to Tandberg Data. The transaction is anticipated to close in the next 30 days. The strengths of the combined companies in their various geographic markets around the world will make Tandberg Data a formidable global competitor in the storage industry. In addition, the combined product portfolios will provide customers a full range of state-of-the-art, cost effective products and technologies to meet their needs.
About Exabyte Corporation
Exabyte Corporation (OTCBB: EXBY - News) is a leading innovator of tape storage products. For more than 20 years, the company has been recognized for its innovative engineering approach and for consistently raising industry standards in technology, quality and data reliability for tape drives and tape automation. The Company's products back up and restore critical business information in a manner consistently ahead of its competitors in terms of capacity, transfer speeds, and reliability - all at competitive prices. With patented and award-winning VXA Packet Technology and ExaBotics(TM), Exabyte's VXA(TM) and LTO(TM) (Ultrium(TM)) products are ideally suited for SMB and departmental servers, workstations, LANs, and SANs. Exabyte has a worldwide network of OEMs, distributors and resellers that share the company's commitment to innovation and customer service, including IBM, Apple, Fujitsu Siemens Computers, Fujitsu Ltd., Imation, Tech Data, and Ingram Micro. For more information, call 1-800-EXABYTE or visit www.exabyte.com.
RDX QuikStor, BAKStor, and SLR are trademarks of Tandberg Data ASA. RDX is a registered trademark of ProStor Systems, Inc. DLT, DLTtape, DLT VS, SDLT and Super DLTtape are registered trademarks of Quantum Corporation. LTO is a trademark of HP, IBM and Seagate. All other trademarks are the property of their respective owners.
Contact: SJI, Ltd. for Exabyte Bill Marino, 303-988-5133 bill*sjiltd.com
-------------------------------------------------------------------------------- Source: Exabyte Corporation
Posted by IMAKEMONEY on :
Oct 16, 2006 4:37:07 PM
BLUE ISLAND, Ill., Oct 16, 2006 (BUSINESS WIRE) --
RushNet, Inc. (Pink Sheets:RSHN) announces the Company has instituted steps to determine an accurate inventory of common shares held in any and all shareholder accounts. RushNet believes its shares may be the target of irregular trading activity and will compare the Company's issued-and-outstanding share count versus actual shareholdings. To this end, RushNet has initiated a share audit that includes DTC position reports, Non-Objecting Beneficial Owners list (NOBO) and transfer agent records. Final share-audit results will be made publicly available as soon as received and analyzed.
Robert Corr, president of RushNet, Inc., commented, "We are taking strong measures designed to protect our shareholders and maintain the integrity of trading in our stock. The accurate inventory of outstanding shares is but the opening gambit. In addition, starting this week and next, the Company will announce a number of specific developments and opportunities which position our company for rapid growth."
RushNet Inc. is licensed marketing agent for Rush Beverage Company whose products include all-natural soft drinks Ginseng Rush(R), Ginseng Rush XXX(TM), Rush Ginseng Cola(TM) and the Organic Apple RUSH(TM) line. RushNet, Inc. is brand owner of e-water(TM).
Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.