This space open for SLJB Audited Financials Posted by J_U_ICE on :
SGLS .006
Signature Leisure Announces Revenge Has Started Production 12/4/2006
MAITLAND, Fla., Dec 04, 2006 (BUSINESS WIRE) -- Signature Leisure, Inc. (OTCBB:SGLS) announced today that Revenge Designs LLC, based in Decatur, Indiana, has officially started production.
Signature Leisure acquired a twenty-five percent ownership stake in the start-up company Revenge Designs LLC in July of this year. The staff at Revenge has worked steadily to ready the production facility in addition to working with various suppliers in order to commence production.
Stephen Carnes, CEO of Signature Leisure, Inc. stated, "I am very excited with today's announcement. I had been anxiously awaiting the opportunity to announce to Signature's investors that production at the Revenge facility had officially commenced. This is like receiving an early Holiday gift."
Carnes further stated, "I am very enthusiastic about Revenge Designs' future growth potential. I also have become so enthusiastic about the Revenge GTO as an automobile that I just recently purchased a red-on-red (red & black interior, red exterior) GTO. I am really looking forward to taking delivery of the vehicle after Revenge Designs finishes production of my GTO."
The modified GTOs will include the Revenge design enhancement package which includes a wider body, fog lamps with flowing fender extensions as well as a lower profile. Additionally, the GTOs can include the option of a Lingenfelter Performanc Engineering performance package. The performance package will add a magnacharger/supercharger delivering 530 horsepower as well as a manual transmission short shifter, a high performance brake system and other extras.
About Signature Leisure, Inc. (OTCBB:SGLS) - Signature Leisure, Inc. is a publicly traded company trading on the OTC Bulletin Board under the symbol SGLS. For more information about Signature Leisure, Inc., please visit the Company's website at http://www.signatureleisure.com.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.
SOURCE: Signature Leisure, Inc.
Signature Leisure, Inc., Maitland Stephen W. Carnes, 407-599-2886 info*signatureleisure.com
Copyright Business Wire 2006
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CMDA .12
China Media1 Corp.: Installation Status for Chengdu and Xian 12/4/2006
IRVINE, CALIFORNIA, Dec 04, 2006 (MARKET WIRE via COMTEX News Network) -- China Media1 Corp. (OTCBB: CMDA) is pleased to announce the following contract and manufacturing updates for both the Chengdu Shuangliu International Airport (www.cd-airport.com) and the Xian Xianyang International Airport.
Chengdu Shuangliu International Airport - The Phase 2 signs designated for the Arrivals level are now complete and are undergoing final quality assurance testing at our manufacturer. China Media1 has a 10 year contract to provide a total of 32 illuminated outdoor scrolling poster signs of various sizes of which 8 are totally complete and installed with contracts. This airport can generate approximately US $9 million in re-occurring annual revenue to China Media1. Chengdu Airport is the 6th largest airport in China in the largest city in Southwestern China (Sichuan province) with a population that exceeds 10 million. It is the hub of manufacturing, commercial and financial activities in the region.
Xian Xianyang International Airport - The Phase 1 signs designated for the Xian Airport are now also being manufactured and we expect completion shortly. China Media1 has an 8 year contract to provide a total of 30 illuminated outdoor scrolling poster signs of various sizes. This contract can generate up to US $6.5 million in re-occurring annual revenue to China Media1. Xian is the old capital of China with heavy tourist traffic.
China Media1 is now fully engaged in the sales, manufacturing and installation process with 3 major Chinese airports and expects 2007 to be a very significant year as we expect sales from International and Domestic 4A Advertising firms that we are working with. The company wishes to thank all of its loyal shareholders and employees and fully expects the true value of its business to be reflected accordingly in the near future.
About China Media1 Corp.:
China Media1 Corp. has obtained rights to premiere advertising media assets throughout China. Its affiliate, Guangzhou Chuangrun Advertising Co. Ltd., operates the advertising space and advertising contracts with top-tier brand names and multi-national corporations as well as large advertising agencies. China Media1 has focused on providing its clients superior advertising locations based on viewer ship, exclusivity, and uniqueness through the use of its illuminated scrolling poster signs. China Media1's advertising locations include Airports in Shenzhen, Chengdu, Haikou and Xian, and the Guangzhou MTR (12 Subway Stations). China Media1's website is www.chinamedia1corp.com
Forward Looking Statements:
Any forward-looking statement in this press release is made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertain-ties including, but not limited to, economic and political factors, technological developments, regulatory matters and increased competition. The Company disclaims any obligation to update any such factors or to publicly announce results of any revisions to the forward-looking statements contained herein to reflect future events or developments.
Copyright 2006 Market Wire, All rights reserved.
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GPSN .07
GPS Industries and Willingham to Unveil Analysts Report 12/4/2006
DALLAS, Dec 04, 2006 (BUSINESS WIRE) -- Robert C. Silzer, Sr., Chairman and Chief Executive Officer of GPS Industries (OTCBB:GPSN) and Market News First premier analyst Michael Willingham have announced the latest analyst report for GPS Industries. It is available on the Market News First website, www.***.com.
Highlights from the report include:
-- GPS Industries, Inc. has developed and patented the world's first Wi-Fi enabled GPS golf management system, Inforemer.
-- Inforemer is currently installed at more than 100 golf courses and has penetration into 10 countries worldwide.
-- GPSN owns 21 combinations of exclusive patents covering GPS, DGPS, and WAAS in 16 countries throughout the world including North America, Europe, Japan, and Australia.
-- In addition to its North American sales team and distributors, GPSN has an international distributor network in place providing coverage to the major international golf markets of Australia, New Zealand Asia, Europe, and South Africa.
-- High profile names involved in GPSN include Greg Norman, Mike Levy (former President of CBS Sportsline), Jeff Lurie (owner of the Philadelphia Eagles), along with a VP from Nike Golf and a USGA rules representative.
-- A portion of the recently announced $15.7 million investment into GPSN has been utilized to reorganize the financial structure, dramatically attack debt obligations, and fully capitalize the growth potential. The investment came from Great White Shark Enterprises and Leisurecorp, LLC.
GPS Industries, Inc. is the leading innovator of Wi-Fi enabled GPS systems for golf facilities and residential communities. The company's patented INFOREMER GPS Management System provides precise GPS distance information, a Wi-Fi communications network with asset tracking capabilities, augmented by a powerful suite of operations management tools and revenue generating modules. Central to the system's functionality are the full color cart-mounted and/or portable handheld display units, which have been recognized for their remarkably vivid graphics and visual impact. For additional information on GPSI and the INFOREMER GPS Management System, please visit www.gpsindustries.com.
Market News First analyst Michael A. Willingham has covered many microcap companies and has hosted his detailed reports on www.***.com.
About ***.com
Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live radio web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.
Through daily, live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.
SOURCE: Market News First
GPS Industries, Inc. Director, Marketing & Communications Steve Barrett, 604-576-7442 steven*gpsindustries.com or Investor Relations Ryan Gray, 310-276-6743 ryan*gpsindustries.com
Copyright Business Wire 2006
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RKTI .20
Rocketinfo Closes Private Placement 12/4/2006
NEWPORT BEACH, CA, Dec 04, 2006 (MARKET WIRE via COMTEX News Network) -- Rocketinfo (OTCBB: RKTI), creators of www.Rocketnews.com, an Internet news aggregator empowering businesses and knowledge workers with simplified search and delivery of current news, today announced the closing of a $500,000 private placement. Rocketinfo will utilize these proceeds as working capital towards restructuring company operations.
"Our customers are wonderfully demanding about their news, information and intelligence needs," said Marco Hegyi, president & CEO of Rocketinfo. "For years Rocketinfo has satisfied their demands by enhancing its data acquisition and user interface. For example, Rocketinfo's web application uses a rich Web 2.0 interface to enrich the consumer's experience. In return, Rocketinfo corporate customers have renewed year in, year out. Today Rocketinfo has grown to generate over 8 million search queries monthly and has aggregated a deep collection of current news and information sources. This recent funding jump starts our plans to expand on this success."
Outsell, Inc.'s HotTopics report (September 2006) identified that the Search, Aggregation and Syndication (SAS) market is expected to grow from $42 billion in 2006 to $67 billion by 2009, a 17.3% CAGR. The top five leaders represent $23 billion, leaving almost $20 billion for the rest of SAS.
"The SAS market is in the formative stages with room for significant growth." Mr. Hegyi continued, "While the rest of SAS market confirms great consumption and demand for acquiring web-based information, the more interesting metric is that 31% of search efforts are failing suggesting that there is demand for a better and more focused experience. Rocketinfo has a number of expansion opportunities to address this demand, including video and audio content, mobile device delivery and adding user-generated content for greater collaboration and value-add. The Company is initially focused on its enterprise customers. As a result of the working capital raised, Rocketinfo has begun to build out its leadership team, strategic business plan and is reviewing plans to raise additional financing that will fuel the Company's growth."
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 and government publication 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.
The preceding includes forwarding-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.
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NEOP .26
NEOProbe Secures $6 Million Commitment from Fusion Capital via COMTEX
December 4, 2006
DUBLIN, Ohio, Dec 04, 2006 (BUSINESS WIRE) --
NEOProbe Corporation (OTCBB:NEOP), a diversified developer of innovative oncology and cardiovascular surgical and diagnostic products, announced today that it signed an agreement with Fusion Capital Fund II, LLC, a Chicago-based institutional investor, for the purchase of up to $6 million in common stock. Sales of common stock by the Company to Fusion Capital can occur over a 24-month period after the U.S. Securities and Exchange Commission (SEC) has declared effective a registration statement relating to the transaction.
Under the agreement, NEOProbe has the right to sell shares of its common stock to Fusion Capital from time to time in amounts between $50,000 and $1 million, depending on certain conditions, for an aggregate amount of up to $6 million. The purchase price of the shares will be determined based upon the market price of the Company's shares at the time of each sale without any fixed discount, and NEOProbe will control the timing and amount of any sales of shares to Fusion Capital. A more detailed description of the agreement is set forth in the Company's current report on Form 8-K to be filed with the SEC which should be reviewed carefully in conjunction with this press release.
"We are pleased to have renewed our long standing relationship with Fusion Capital. Fusion represents a well-respected institutional investor with a long term partnership view," said David C. Bupp, NEOProbe's President and CEO. "We believe the innovative agreement with Fusion Capital provides NEOProbe with excellent terms and fundraising flexibility. Under this agreement, we can sell shares to Fusion Capital when we determine the share price is most advantageous for the Company."
About NEOProbe
NEOProbe is a biomedical company focused on enhancing patient care and improving patient outcome by meeting the critical intraoperative diagnostic information needs of physicians and therapeutic treatment needs of patients. NEOProbe currently markets the neo2000(R) line of gamma detection systems that are widely used by cancer surgeons and is commercializing the Quantix(R) line of blood flow measurement products developed by its subsidiary, Cardiosonix Ltd. In addition, NEOProbe holds significant interests in the development of related biomedical systems and radiopharmaceutical agents including Lymphoseek(R) and RIGScan(R) CR. NEOProbe's subsidiary, Cira Biosciences, Inc., is also advancing a patient-specific cellular therapy technology platform called ACT. NEOProbe's strategy is to deliver superior growth and shareholder return by maximizing its strong position in gamma detection technologies and diversifying into new, synergistic biomedical markets through continued investment and selective acquisitions. www.NEOProbe.com
About Fusion Capital
Fusion Capital Fund II, LLC is an institutional investor based in Chicago, Illinois with a fundamental investment approach. Fusion Capital invests in a wide range of companies and industries emphasizing life sciences, energy and technology companies. Its investments range from special situation financing to long-term strategic capital.
Statements in this news release, which relate to other than strictly historical facts, such as statements about the Company's plans and strategies, expectations for future financial performance, new and existing products and technologies, anticipated clinical and regulatory pathways, and markets for the Company's products are forward-looking statements The words "believe," "expect," "anticipate," "estimate," "project," and similar expressions identify forward-looking statements that speak only as of the date hereof. Investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from historical or anticipated results due to many factors including, but not limited to, the Company's continuing operating losses, uncertainty of market acceptance of its products, reliance on third party manufacturers, accumulated deficit, future capital needs, uncertainty of capital funding, dependence on limited product line and distribution channels, competition, limited marketing and manufacturing experience, risks of development of new products, regulatory risks and other risks detailed in the Company's most recent Annual Report on Form 10-KSB and other Securities and Exchange Commission filings. The Company undertakes no obligation to publicly update or revise any forward-looking statements.
SOURCE: NEOProbe Corporation
NEOProbe Corporation Brent Larson, Vice President/CFO, 614-793-7500 or The Trout Group Tim Ryan, 212-477-9007 Copyright Business Wire 2006
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SOYO (.32)Sponsored Fighter Upsets the Undefeated Antonio Silva in Stunning Fashion 12/4/2006
ONTARIO, Calif., Dec 04, 2006 (BUSINESS WIRE) -- SOYO Group Inc. (OTCBB: SOYO - News), a provider of computer, consumer electronics and broadband telecommunications products, today announced Eric Pele won his Superfight against Antonio Silva, which was aired live December 2nd on Pay-Per-View as part of the BodogFight mixed martial arts reality series.
Pele is the former Super Heavyweight King of The Cage World Champion and one of the stars from A&E's Reality TV show "Ink'd". Eric was the 8th ranked Super Heavyweight in the World and Silva was ranked number 1. The winner of this fight was slated to fight the best MMA fighter in the World and Pride World Champion Fedor Emelianenko in March of 2007.
BodogFight was created by billionaire Bodog.com Entertainment Group Founder Calvin Ayre. The BodogFight: Season 1 Finale, presented by the Elite Fighting Championship aired live from The Agrodome in Vancouver, British Columbia. The PPV event was available to an international audience Saturday, December 2, 2006.
SOYO would like to thank Eric and his camp for a successful show and a great branding opportunity. SOYO wishes Eric a speedy recovery and good luck in his upcoming fights.
About BodogFights
With its drive into the international MMA scene, the popular BodogFight series is available in over 43 million homes across North America. Elimination battles, behind-the-scenes training, interviews with fighters, a soundtrack featuring Bodog Music artists, and lifestyle segments compose the weekly one hour BodogFight episodes, with the finale leading into the PPV main event December 2 in Vancouver, British Columbia.
About SOYO Group Inc.
SOYO Group Inc. is a provider of computer, consumer electronics, and broadband telecommunications products and services. Headquartered in Ontario, Calif., with additional sales offices in South America, SOYO Group sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers, including Best Buy, Circuit City, Staples, Micro Center, Target.com, Walmart.com, eCost.com, Fry's Electronics, PC Mall, and Office Depot, among others. Products are sold under the Go Video and SOYO brand names. For more information about SOYO and its products, please call 909-292-2500 or visit SOYO's Web site at http://www.soyogroup.com.
Safe Harbor Act Notice
This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions, are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the company's products, general acceptance of the company's products and technologies, competitive factors, timing, and other risks described in the company's SEC reports and filings. Third-party statements contained herein and information contained on any third-party Web site are not endorsed by or adopted by SOYO, nor has their accuracy been verified by SOYO.
SOURCE: SOYO Group Inc.
Sierra Tech Public Relations Len Fernandes, 530-832-1613 (Technical Media Relations) lencom*earthlink.net or SOYO Group Inc. Yvonne Kao, 909-292-2506 yvonnek*soyogroup.com
Copyright Business Wire 2006
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TNVF .26
Terra Nova Financial Group Announces Recent Report of Third Quarter 2006 Revenues 12/4/2006
CHICAGO, Dec 04, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Terra Nova Financial Group, Inc. (OTC Bulletin Board: TNVF) ("Terra Nova" or "Company") formerly known as Rush Financial Technologies, Inc. recently reported quarterly revenues of $12.5 million for the period ended September 30, 2006 compared to revenues of $0.6 million recorded in the third quarter of 2005. Net loss attributable to common shareholders was $942 thousand for the third quarter of 2006, an increase of $319 thousand, or 51% compared to the $622 thousand recorded in the third quarter of 2005. On a per share basis, net loss for the third quarter of 2006 totaled $0.02 per diluted common share, flat as compared to the third quarter of 2005 of $0.02 per diluted common share.
Revenues for the nine months ended September 30, 2006 was $22.8 million compared to $1.6 million for the nine months ended September 30, 2005. Net loss attributable to common shareholders was $26.6 million, or ($0.71) per diluted common share compared to a loss of $2.1 million, or ($0.07) per diluted common share in the first nine months of 2005.
Adjusting for non-cash merger related expenses and certain other non-recurring items, net income attributable to common shareholders was approximately $400 thousand for the nine months ended September 30, 2006, compared to a loss of $2.1 million for the nine months ended 2005. On a per share basis, net income for the nine months ended 2006 totaled $0.01 per diluted share compared to ($0.07) per diluted common share for the same period in 2005.
Highlights from the third quarter and year-to-date include:
-- Growth in revenues and transactions, Terra Nova's brokerage revenues up 25% over nine months ending September 2005 -- Overall synergies and cost reductions resulting from the operational and integration plan anticipated at approximately $2.5 million annually to date. -- Significant progress in execution of the integration plan with regards to the acquired companies which will result in over $1 million in savings annually due to: -- The transfer of RushTrade Securities Inc. customers to Terra Nova Trading, L.L.C. (R), the primary operating unit of TNFG, a full service self clearing broker-dealer and futures commission merchant. This will significantly reduce third-party clearing expenses. -- Full implementation of Terra Nova Trading, L.L.C.'s Options Clearing Corporation membership and termination of certain third-party clearing services has been completed with cost savings that should commence in the fourth quarter 2006. -- Significant reduction of operating and compensation expenses in excess of $1 million in Dallas, Chicago and Boulder, including the move of all managerial responsibility to Chicago. -- Successful completion of a move and upgrade to a new facilities co-location in Dallas, in support of key trading systems. -- Creation of Investment Banking Unit, targeting private placement investments for our institutional and accredited investors.
"In the third quarter, Terra Nova took several actions to reduce costs and build an improved earnings base for future quarters. Our core earnings growth remains strong as we continue to build momentum throughout our franchise," commented Mike Nolan, Chief Executive Officer. "Our commitment to delivering a broad and balanced product offering to our customers continues as we have invested in building our technology and related infrastructure as well as filling key positions. As we continue to successfully implement our post-merger integration initiatives, Terra Nova's core strengths will be better reflected in our reported financial results."
"We are extremely pleased with the progress we have made since the May 17th, 2006 transaction combining Terra Nova Trading, L.L.C., and other affiliated entities and Rush Financial Technologies, Inc. Our core franchise remains very strong and continues to show excellent fundamental growth," noted Patti Kane, CFO and COO. "Combining the Broker-Dealers into Terra Nova and fully utilizing the Options Clearing Corporation membership provides the company significant expense reduction and increased control over the clearance of transactions.
About Terra Nova Financial Group, Inc.
Terra Nova Financial Group, Inc. operates through two wholly owned subsidiaries, Terra Nova Trading, L.L.C. (R) (member NASD, NFA, SIPC, PCX, ISE, BOX and CHX) and RushGroup Technologies. Terra Nova Trading, L.L.C. is a self-clearing agency broker/dealer and futures commission merchant that offers a broad suite of trading products to Brokers, Institutions and Individual customers. Terra Nova also utilizes proprietary technology to develop progressive trading software and advanced routing technology while operating a market data service center. Headquartered in Chicago, Terra Nova has over 70 employees, with a sales presence in New York, Dallas and San Francisco.
Media Contact: Christopher Hartman, 1-312-827-3695
SOURCE Terra Nova Financial Group, Inc.
Investor Relations, Brooke Hoffman, +1-312-827-3602, or Media, Christopher Hartman, +1-312-827-3695, both of Terra Nova Financial Group, Inc. http://www.terranovatrading.com
Copyright (C) 2006 PR Newswire. All rights reserved
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CPCO .085
CenGroup CEO Major Neville Trevor joins the Environmental Committee of AMCHAM VANCOUVER, British Columbia & BAKU, Azerbaijan--(BUSINESS WIRE)--CenGroup Petroleum Corporation (Pink Sheets:CPCO) announces - CenGroup Petroleum Corporation CEO, Major Neville Trevor has accepted an invitation from the American Chamber of Commerce in Azerbaijan (AMCHAM) to sit on the Environmental Committee Board. AMCHAM memberships, which represent over 80% of foreign investment and a significant portion of the Azeri business community, is a strong motivated and accomplished organization in Baku. Committees established within AMCHAM aim to improve environmental conditions and economic progress in Azerbaijan. A position on the Environmental Committee serves to solidify Major Trevor’s development of CPCO in the business community of Azerbaijan.
About: CenGroup Petroleum Corporation was developed to take advantage of an opportunity to recover surface oil in the Caspian Sea Region and to reclaim the oil to productive use while environmentally restoring the land, sea, and shore. Over the past five years the Company has singularly positioned itself in this lucrative region by developing relationships within the Azerbaijan government. It has been estimated that there are approximately 250 million barrels of surface oil lying on water and land in the Caspian Sea Region, with nearly 1 million new barrels of oil leaking to the surface each year.
This Press Release contains "forward-looking" statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "may," "will," "expects," "projects," "anticipates," "estimates," "believes," "intends," "plans," "should," "seeks," and similar expressions. These statements reflect management’s beliefs and are based upon information currently available. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause CenGroup’s actual results, performance or achievements to differ materially from those expressed in or implied in such statements. The aforementioned risks and uncertainties may include, but are not limited to, risks associated with possible petroleum market fluctuations and geopolitical conditions in the region of which CenGroup’s oil recovery and reclamation business takes place. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information set forth in this Press Release including such forward-looking statements.
Contacts PR Contact: Investor Response, LLC Al Turano, 303-531-6990 or CenGroup Petroleum Corporation Toll Free 1-866-640-CPCO (2726) www.cengrouppetroleumcorp.com info*cengrouppetroleumcorp.com
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VAPH .15
Vaso Active And BioChemics File Lawsuit Against Robinson & Cole 12/4/2006
DANVERS, Mass., Dec 04, 2006 (BUSINESS WIRE) -- Vaso Active Pharmaceuticals, Inc. (VAPH.ob) and BioChemics, Inc. of Danvers, Massachusetts announced today that they have filed a lawsuit in the Suffolk Superior Court, Boston, Massachusetts against the law firm of Robinson & Cole LLP. The case was assigned to the Business Litigation Session.
The lawsuit relates to advice provided by Robinson & Cole in 2003 in connection with Vaso Active's initial public offering, which Vaso Active and BioChemics believe caused costly proceedings to be brought by the SEC and private litigants. The causes of action set forth in the Complaint include: professional negligence, breach of contract, intentional misrepresentation, negligent misrepresentation and breach of fiduciary duty.
The Complaint seeks damages in the lawsuit as a direct result of Robinson & Cole's actions, which caused losses estimated to be in excess of $100 million due to lost market capitalization, out-of-pocket expenses, loss of market opportunities and other related damages. Kelley Drye & Warren LLP is representing Vaso Active and BioChemics, on a contingent basis, in the lawsuit and the costs of the litigation are not expected to be material to the Company's current cash flow or resources. Eckert Seamans Cherin & Mellott, LLC is representing Vaso Active as local counsel.
Vaso Active Pharmaceuticals, Inc, is an early stage company that focuses on commercializing, marketing and selling over-the-counter pharmaceutical products that incorporate either a patented transdermal technology ("VALE") or a proprietary topical technology ("PENtoCORE").
The unique VALE technology is a patchless, lipid-based delivery system that uses an active process, incorporating chemical vasodilators, to deliver drugs through the skin and into the bloodstream. Products utilizing this technology are currently in development.
The PENtoCORE technology is a topical formulation and the Company is currently marketing three products that incorporate this technology: OSTEON (for temporary relief from minor arthritis pain), A-R EXTREME (for temporary relief from minor muscle and joint pain associated with athletic activity) and TERMIN8 (for athlete's footfungal infections).
NOTE: This news release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These include statements about such matters as the pursuit, merits or possible outcomes and impacts of, expenses to be incurred in connection with possible recoveries and damages from the litigation described above. We have no duty to update such statements. Actual future events and circumstances (including future results) could differ materially from those set forth in these statements due to various factors. These factors include the possibility that the litigation could be settled or dismissed, our theories of damages could be rejected, material counterclaims could be filed against us, the court could assess costs or other losses against us, ongoing legal expenses and distraction to management's time and energies could adversely affect our ongoing operations, and other risks and uncertainties, including those detailed in our filings with the SEC.
SOURCE: Vaso Active Pharmaceuticals, Inc.
Vaso Active Pharmaceuticals, Inc. Matt Carter, 978-750-1991 Ext. 28 mcarter*vasoactive.us
Copyright Business Wire 2006
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TYRRF ( .311 )
Tyler Discovers High-Grade Molybdenum Zone in Bahuerachi's South Porphyry With 19.76 Meters Grading 0.35% Molybdenum, 0.31% Copper and 11.5 g/t Silver
Monday , December 04, 2006 17:43ET
CALGARY, ALBERTA, Dec 4, 2006 (CCNMatthews via COMTEX) -- Tyler Resources Inc. (TSX VENTURE:TYS) is pleased to announce further drill results from its ongoing drill program, including the discovery of a new high-grade molybdenum-copper-silver zone in the South Porphyry, roughly 0.8 kilometer south of its Main Zone Bahuerachi Deposit, Mexico.
Assay data from 10 widely spaced scout RC drill holes and 2 diamond drill holes in the South and North lobe porphyry targets have been received. New mineralization identified by this drilling includes near surface, low-grade gold and silver mineralization in the North Porphyry (RC-53 and 54), a new zone of mineralization in the South Porphyry including high molybdenum grades (RC-60), and the continuation northwards of the Main Zone mineralized porphyry-skarn system at depth (BAH-101).
Significant results for these drill holes are presented in the following table and discussed below. A geological cross section for drill hole BAH-101 is posted with the news release on our website at www.tylerresources.com. Drill hole collar locations are shown at http://www.ccnmatthews.com/docs/1204tysmap.jpg.
--------------------------------------------------------------------------- Sediments/ BAH-101 96 219.90 91.40(1) 0.20 0.08 2.2 - 0.013 Porphyry --------------------------------------------------------------------------- and 250 276 21.60(2) 0.43 0.07 3.6 - 0.004 Skarn --------------------------------------------------------------------------- (1) Excludes 32.5 meters of unmineralized dykes (2) Excludes 4.4 meters of unmineralized dykes All holes are interpreted to be testing true widths of mineralization.
The Company is encouraged by these new mineralized intervals. The discovery of high-grade molybdenum in the South Porphyry, which remains largely untested, adds to the Bahuerachi project areas with molybdenum grades comparable to those of stand-alone molybdenum mines and development projects in other parts of the world. The discovery of higher near-surface precious metals values in the North Porphyry than have typically been seen in the Main Zone also adds to the exploration potential of the project.
Results for several of the other RC drill holes during this period showed widespread but generally narrower mineralized intervals. In the North Porphyry, RC- 56 intersected 0.33% copper over 1.52 meters (6.08-7.60 m) and 0.5% zinc over 1.52 meters (114-115.52 m). RC-57 intersected 0.3% zinc and 1.7 g/t silver over 9.12 meters (0-9.12 m) and 0.44% copper and 2.6 g/t silver over 1.52 meters (54.72-56.24 m). Diamond drill hole BAH-104 was abandoned due to difficult ground conditions before reaching its target depth.
In the South Porphyry, RC-59 intersected 0.17% copper, 0.033% molybdenum and 2.6 g/t silver over 4.57 meters at the bottom of the hole (169.21 to 173.78 meters). RC-61 intersected 0.2% copper and 5 g/t silver over 4.58 meters (42.68-47.26m).
Field Update and Ongoing Development Program
Drilling is ongoing with 3 rigs operating in the Main Zone, targeting additional tonnage accretive to the initial resource estimate (RC-63 to 70) as well as aiming to upgrade certain areas in terms of resource classification from the inferred to indicated category (BAH-108).
Based on an ongoing study of the 3D block model of the Main Zone Deposit, the Company will focus on three drilling objectives over the coming months. The first objective is to obtain sufficient information through drilling to model well-mineralized sediments and calc silicate skarns. This data will add tonnage to the current resource estimate and lower potential stripping ratios during the preliminary assessment of the Bahuerachi Deposit currently underway. The second objective is to upgrade the classification of the high grade skarn resource from inferred to measured and indicated by increasing the density of drilling data. This will allow for a preliminary economic assessment study of a high-grade starter operation at Bahuerachi. The third objective is to selectively infill drill holes in the higher grade and near surface portions of the porphyry resource to upgrade the resource classification of a significant amount of material from inferred to indicated or measured categories.
Tyler Resources is a Canadian junior exploration company focused on base and precious metals exploration in Mexico. Tyler's primary project is the Bahuerachi property, which hosts Mexico's fourth largest mineralized porphyry system. The Company is now in the advanced stage of a 35,000 meter combined diamond and reverse circulation drilling program scheduled to be extended into 2007, making it one of the most active Canadian junior exploration companies operating in Mexico.
All assay work was performed by ICP at ALS-Chemex labs of Vancouver, with gold done using standard fire assay methods. All samples sent to the lab are sealed with security tags for delivery to ALS-Chemex. Duplicate samples as well as standards and blanks are inserted in each batch of samples delivered to the laboratory and then checked to ensure proper quality assurance and quality control (QA/QC).
The Qualified Person responsible for the design and implementation of the Field Program as well as the preparation of this news release was J. P. Jutras, P.Geol., and President of the Company. The work program is being carried out with the participation of Dr. Shane William Ebert, Ph.D, P.Geo, Vice President and Director, Dustin Rainey, B.Sc Geology, Grant Couture, M.Sc Geology, Paul Turnbull, B.Sc, P.Geol and Cornell McDowell, B.Sc Geology, consultants to the Company.
Jean Pierre Jutras, President/CEO/Director
Cautionary language: Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Tyler's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Tyler. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Tyler's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Tyler's filings with the Canadian securities authorities. Accordingly, holders of Tyler shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Tyler disclaims any responsibility to update these forward-looking statements.
SOURCE: Tyler Resources Inc.
Tyler Resources Inc. Jean Pierre Jutras (403) 269-6753 Website: www.tylerresources.com Posted by J_U_ICE on :
CHHH .036
China Health Holding Executed Letter of Intent to Acquire Xi'an Chunhui Pharmaceuticals 12/4/2006
LAS VEGAS, Dec 04, 2006 (BUSINESS WIRE) -- China Health Holding (OTCBB: CHHH), a developer, manufacturer, marketer and distributor of pharmaceutical products and dietary supplements in China and worldwide, announced today that it has executed a binding acquisition letter of intent to acquire 51% or more ownership of Xi'an Chunhui Pharmaceuticals Co. Ltd., based in the People's Republic of China.
The letter gives China Health first refusal and exclusive rights to complete the acquisition of Xi'an Chunhui Pharmaceuticals within 12 months of the execution date (that is, until November 27, 2007). The completion of the acquisition is subject to negotiation and execution of a definitive acquisition agreement, as well as full legal and financial due diligence. The latter includes the determination of the valuation of Xi'an Chunhui Pharmaceuticals and the completion and delivery of audited financial statements of Xi'an Chunhui Pharmaceuticals according to US General Accepted Accounting Principles ("US GAAP").
Julianna Lu, Founder/CEO of China Health Holdings, commented: "The acquisition contemplated by the letter of intent with Xi'an Chunhui Pharmaceuticals is the latest in a series of recent steps China Health has taken to execute its comprehensive growth strategy. Through this and other transactions, we are in the process of building a powerful network of established China-SFDA-certified pharmaceutical drug manufacturing facilities along with extensive hospital and drugstore distribution channels in China. We will also have an enhanced pipeline of hundreds of China-SFDA certified pharmaceutical drugs."
In addition to the pending Xi'an Chunhui Pharmaceuticals, China Health has announced several other pending or completed acquisitions of China-based pharmaceutical firms in recent months. It has executed letters of intent to acquire 51% or more of Beijing Boran Pharmaceutical Co. Ltd., Shaanxi Wanan Pharmaceuticals Co. Ltd.; and Henan Tiankang Pharmaceuticals Co. Ltd and all letters give China Health legal first refusal and exclusive rights. It has executed "Acquisition Definitive Agreements" for acquiring 100% of Shaanxi MeiChen Pharmaceuticals, Ltd. and 60% of Henan Furen Huaiqingtang Pharmaceuticals Co. Ltd. Also, it has signed a letter of intent with WangJing Hospital and the WangJing Hospital of China Academy of Chinese Medical Sciences, in the People's Republic of China, to develop the China International University of Traditional Chinese Medicine and the University Hospital for Traditional Chinese Medical Sciences.
In the next 12 to 24 months, China Health plans to complete further acquisitions and transactions with major pharmaceutical companies in the People's Republic of China, bringing its total assets to approximately US$100 million. At the end of this process, it projects annual gross revenue of approximately US$100 million, with annual net income of approximately US$10 million to US$15 million.
About Xi'an Chunhui Pharmaceuticals
Xi'an Chunhui Pharmaceuticals, based in Shaanxi Province, is a drug manufacturer, developer and distributor with good manufacturing practices (GMP) certification from the China State Food and Drug Administration (China-SFDA). It distributes a total of 50 China-SFDA certified herbal drugs to China-SFDA Licensed Hospitals and drugstores across Shaanxi province and the People's Republic of China. It also owns three China-SFDA certified pharmaceutical facilities and two China-SFDA certified pharmaceutical herbal/raw materials cultivation bases with unique advanced technologies.
Xi'an Chunhui Pharmaceuticals' herbal-based pharmaceutical drugs are used in treatment of cancers (such as liver and stomach cancer), viral infections, high blood pressure and cardiovascular disease.
If you would like to be added to China Health's investor email lists or have additional questions, please contact Haris Tajyar with Investor Relations International at htajyar*irintl.com, or/and info*chinahealthholding.com.
About China Health Holding
China Health Holding, Inc. is a developer, manufacturer and marketer of natural medicinal products and pharmaceutical drugs in China and worldwide, with extensive expertise in the field of traditional Chinese medicine and the Chinese pharmaceutical industry. Its immediate goal is the profitable penetration of the growing global and China pharmaceutical industry and market through acquisitions of major pharmaceutical companies in the People's Republic of China and worldwide. Its long-term plans include the development of a pharmaceutical drug pipeline and technology based on its knowledge of traditional Chinese medicine and the pharmaceutical industry in the People's Republic of China.
The company has two wholly-owned subsidiaries. One is China Health World Pharmaceutical Corporation, which will develop, manufacture and commercialize natural medications for diseases and conditions related to diabetes, cardiovascular disease and neurological disorders. The other subsidiary, China Health World Trade Corporation, will be developing China Health's retail/franchise infrastructure along with worldwide branding, multimedia marketing and multi-channel distribution to global customers and markets.
China Health controls or owns exclusive worldwide ownership or rights for a total of 134 proprietary natural herbal medicinal products/formulas in two natural herbal medicinal product lines: King of Herbs and Taoist Medicinal. Please feel free to visit www.chinahealthholding.com for the Company's profile.
Safe Harbor Statement: To the extent that statements in the press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward looking, all forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements, which may accompany the forward-looking statements, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. In addition, the company disclaims any obligation to update or correct any forward-looking statements in all of the Company's press releases to reflect events or circumstances after the date hereof.
SOURCE: China Health Holding
China Health Holding, Inc. (Las Vegas) Yu, XiaoFei Vice President/Corporate Development Tel: 1-778-893-8909 Tel: 1-604-608-6788 info*chinahealthholding.com www.chinahealthholding.com or Investor Relations International (Los Angeles) Haris Tajyar, Managing Partner 1-818-382-9702 htajyar*irintl.com
Copyright Business Wire 2006
Posted by J_U_ICE on :
ZPCM .18
Zapata Corporation Sells Remaining Omega Protein Stock for $29.0 million in Private Transaction 12/4/2006
ROCHESTER, N.Y., Dec 04, 2006 (BUSINESS WIRE) -- Zapata Corporation (NYSE:ZAP) Chairman and CEO, Avram Glazer, announced today that on December 1, 2006, Zapata completed a private placement resale transaction in which it sold its remaining 5,232,708 shares of Omega Protein Corporation (NYSE:OME) common stock to a group of institutional investors for gross proceeds of approximately $29.0 million. D.A. Davidson & Co. acted as the sole placement agent in the transaction.
Mr. Glazer said, "Zapata has had a long and rewarding relationship with Omega Protein and we wish them well. Zapata can now focus on enhancing value and creating an exciting future for all our shareholders. Zapata plans to continue to evaluate strategic opportunities for the use of our capital resources."
The securities sold by Zapata were not registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933. In connection with the private placement, Omega Protein has agreed to file with the Securities & Exchange Commission within 30 days after closing a shelf registration statement covering the resale of the shares and to exercise commercially reasonable efforts to cause the registration statement to become effective as soon as reasonably practicable.
About Zapata:
Zapata is a holding company which has approximately $150 million in cash and cash equivalents and currently owns 98% of Zap.Com Corporation (OTCBB: ZPCM), which is a public shell company.
About D.A. Davidson
D.A. Davidson & Co. is a full service investment firm with operations throughout the Western U.S. Founded in 1935, the firm is the largest securities firm based in the region, with over $20 billion in client assets under management approximately 950 professionals. As a full-service investment firm, Davidson provides research, investment banking services, bond sales and trading, stock sales and trading and private brokerage services. D.A. Davidson's investment banking group underwrites public offerings, serves as a placement agent for private financings, and advises companies in mergers and acquisitions.
FORWARD-LOOKING STATEMENTS
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts are "forward-looking" statements that involve risks and/or uncertainties as described in Part II, Item 1A "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2006, as well as Part I, Item 1A., "Risk Factors" in the Company's Annual Report on Form 10-K for the period ended December 31, 2005. You are cautioned not to place undue reliance on any forward-looking statements. The Company's actual actions or results may differ materially from those expected or anticipated in the forward-looking statements. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release.
SOURCE: Zapata Corporation
Zapata Corporation Leonard DiSalvo, 585-242-8703
Copyright Business Wire 2006
Posted by J_U_ICE on :
PREZQ .25
President Casinos, Inc. Announces Confirmation of Bankruptcy Reorganization Plan for Subsidiary 12/4/2006
ST. LOUIS, Dec 04, 2006 (BUSINESS WIRE) -- President Casinos, Inc. ("President") (OTC:PREZQ.OB) announced that the United States Bankruptcy Court for the Eastern District of Missouri has entered an order confirming the Chapter 11 plan of reorganization submitted by President Riverboat Casino-Missouri, Inc. ("PRC-MO"), a wholly owned subsidiary of President that conducts President's St. Louis, Missouri gaming operations.
The plan of reorganization approved by the Bankruptcy Court for the Eastern District of Missouri provides that the stock of PRC-MO will be sold to Pinnacle Entertainment, Inc. for approximately $31 million pursuant to the terms of a purchase agreement previously entered into between President and Pinnacle. Upon closing of the transaction, the plan of reorganization calls for the creation of a distribution trust to distribute to creditors the proceeds of the sale and certain other assets of PRC-MO. All priority and administrative claims and claims of unsecured trade creditors will be paid in full pursuant to the plan of reorganization. The plan of reorganization also provides that holders of President's outstanding bonds will be paid the amount of their claims less a $10 million discount (or approximately $50.6 million). An aggregate of $5 million of the $10 million discount will be permanently waived, and the remaining $5 million will be deferred and be payable from one-half of any future amounts in excess of $5 million recovered by President pursuant to certain specified pending litigation and tax refund claims. In addition, under the plan of reorganization the first $5 million from such litigation and tax refund claims and one-half of any recoveries in excess of $5 million will be used first to pay the outstanding bankruptcy claim of John Edward Connelly & Associates and its assignees (in the amount of approximately $3.3 million) with the balance to be distributed to President.
The plan of reorganization does not become effective until the closing of the sale of the stock of PRC-MO to Pinnacle Entertainment. The Missouri Gaming Commission has approved the sale of PRC-MO stock to Pinnacle. The closing of the sale transaction remains subject to various closing conditions.
This press release may be deemed to contain forward-looking statements, which are subject to change. You 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 projected in the forward looking statements. These forward-looking statements may be significantly impacted, either positively or negatively by various factors, including without limitation, licensing, and other regulatory approvals, lender cooperation, weather, permits, competition, business conditions in the gaming industry and developments in our pending bankruptcy proceedings. President undertakes no obligation to publicly update or revise forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events. Additional information concerning potential factors that could affect President's financial condition and results of operations is included in the filings of the Company's Annual Report on Form 10-K for the fiscal year ended February 28, 2006 and Quarterly Reports on Form 10-Q for the quarters ended May 31 and August 31, 2006.
SOURCE: President Casinos, Inc.
President Casinos, Inc. Ralph J. Vaclavik, 314-622-3018
Copyright Business Wire 2006
Posted by J_U_ICE on :
NHYB .045
December 04, 2006 07:09 PM Eastern Time National Hyperbaric Rehab Center President to Be Featured on www.SubPennyRadio.com SALT LAKE CITY--(BUSINESS WIRE)--National Hyperbaric Rehab Center, Inc. ("NHRC") (Pink Sheets: NHYB) announced today that its president, Jerry Gines, will be interviewed on SubPennyRadio.com at 3:00 p.m. Eastern Time, Wednesday, December 6. During the interview, Mr. Gines will answer questions about management's review of operations. He will discuss in detail progress on hospital contracts, wound care centers, construction of the Tucson complex and various other subjects, including diabetes care, Utah Grizzlies contract, etc.
Additionally, the interview will air as part of the LIVE evening radio show at 8:00 p.m. Eastern Time on Thursday, December 7. This broadcast is available from any computer connected to the Internet. The interview will also be looped as part of the archive throughout the following day, December 8. Beginning Monday, December 11, the interview will be accessible as a podcast from either SubPennyRadio.com or www.hyperbaricrehab.com.
Shareholders and interested parties are invited to submit their questions prior to the interview to Simon at: interviews*subpennyradio.com. Simon will then select the questions to be asked of Mr. Gines.
About SubPennyRadio
SubPennyRadio is a commercial-free, interactive broadcast offering listeners exclusive interviews with subject-matter experts, insight into enterprising companies, and detailed technical analysis. The show scans the trading field covering well-known companies to undiscovered market gems trading on the U.S. stock exchanges and OTC/OTCBB.
SubPennyRadio encourages "better investing" by highlighting common characteristics of stocks on the verge of a breakout in their particular industries. Emphasis is on due diligence that include reviewing charts, SEC filings, and news events. For additional information visit http://www.subpennyradio.com.
About National Hyperbaric Rehab Center
National Hyperbaric Rehab Center, Inc. installs and operates full service wound care centers under the trade name SanCuro Wound Care Systems. At any given time 2-2.5% of the population is suffering from wounds. National’s doctors and nurses determine the proper treatment for the best resolution to the wound issue. Many National Hyperbaric Rehab Center patients have non-healing wounds and they become high risk for amputation. The use of hyperbaric medicine has been approved by Medicare and the FDA as an advanced protocol for problem wounds.
Statements contained in this press release that are not statements of historical fact are "forward-looking statements" as that term is defined under federal securities laws, including, without limitation, all statements concerning expectations, beliefs, goals, intention or strategies for the future of National Hyperbaric Rehab Center, Inc. Forward-looking statements may be identified by words such as "goals," "plans," "believes," "will," "expects" and other words of similar meaning used in conjunction with, among other things, discussions of future operations, financial performance, product development and new ventures. Many factors could cause actual events or results to differ materially from those expressed in any forward-looking statement. Investors are cautioned not to place any undue reliance on any forward-looking statements.
Contacts National Hyperbaric Rehab Center, Inc. Jerry N. Gines, 801-964-2008 (Media)
Posted by captain america on :
cdss .51
CITADEL SECURITY SFTWR McAfee Acquires Assets of Citadel Security Software 12/4/2006 DALLAS, Dec 04, 2006 (BUSINESS WIRE) --
Citadel Security Software Inc. (OTCBB: CDSS) today announced that McAfee, Inc. (NYSE: MFE) has acquired substantially all of the assets of Citadel and its subsidiaries. Under the terms of the asset sale, McAfee acquired substantially all of the assets of Citadel, including, but not limited to, Citadel's intellectual property and technology, and McAfee paid to Citadel $60,020,579 in cash.
As described in the company's Definitive Proxy Statement filed with the U.S. Securities and Exchange Commission on November 3, 2006, shareholders of Citadel will receive two or more liquidating distributions. The initial distribution is currently expected to be made in January 2007 following expiration of the 30 day indemnification period contemplated by the asset purchase agreement, and the final cash distribution would be made when all liabilities of the company have been satisfied. The amount and timing of the above-described distributions are dependent upon a variety of factors, including the timing of winding up Citadel's business, the amount of any indemnification payments, and the costs, expenses and time involved in satisfying Citadel's current liabilities and obligations, and those incurred by Citadel following the closing of the asset sale. Citadel will announce a record date for the distribution at least 10 days prior to the distribution.
Forward-Looking Statements
This press release contains forward-looking statements based on current Citadel management expectations. Those forward-looking statements include all statements other than those made solely with respect to historical fact. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statements. These factors include, but are not limited to, (1) the ability to recognize the benefits of the asset purchase transaction, including without limitation the risk that the amount of the proposed distribution to Citadel's common stockholders could be reduced based on uncertainties related to the amounts of taxes, liabilities, wind down expenses, indemnification obligations or transaction expenses; (2) the amount of the costs, fees, taxes, expenses and charges related to the transactions and winding down expenses; and (3) the matters disclosed in the "Risk Factors" sections of the most recent SEC filings by Citadel. Many of the factors that will determine the outcome of the subject matter of this press release are beyond Citadel's ability to control or predict. Citadel undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Citadel Security Software Inc.
Citadel Security Software Inc. Steven B. Solomon, President and CEO, 214-520-9292 Copyright Business Wire 2006
Posted by J_U_ICE on :
CBAI .115
Cord Blood America Announces CEO Matthew Schissler to Appear Live on ***.com, Key Investor Internet Program 12/4/2006
LOS ANGELES, Dec 04, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Cord Blood America, Inc. (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell preservation company (http://www.cordblood-america.com) focused on bringing the life saving potential of stem cells to families nationwide and internationally, announced today that Matthew Schissler, CEO, will appear live at 10 a.m. Pacific on Tuesday, December 5, on the popular ***.com market news show to discuss the Company's achievements and future outlook.
Investors can hear the interview at http://www.***.com. Market News First is the only online, live, IPTV provider bringing market news and features to interested investors. Market News First is noted for its one-on-one interviews with the executives of public companies to deliver the answers to the questions that investors are currently asking.
"It is important that we use venues such as this to tell our outstanding story and to interest new investors in Cord Blood America," said Mr. Schissler. Cord Blood America recently announced the purchase of the operating entity and assets of CorCell, Philadelphia, Pa., which collects umbilical cord blood stem cells from hospitals in all 50 states and internationally. Cord Blood America is now the fourth largest out of 26 family cord blood stem cell banks in the U.S.
About Cord Blood America
Cord Blood America (OTC Bulletin Board: CBAI) is the parent company of CorCell, which facilitates umbilical cord blood stem cell preservation for expectant parents and their children. Its mission is to be the most respected stem cell preservation company in the industry. Collected through a safe and non-invasive process, cord blood stem cells offer a powerful and potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders. To find out more about Cord Blood America, Inc. (OTC Bulletin Board: CBAI), visit our website at www.corcell.com. For investor information, visit www.cordblood-america.com.
Forward-Looking Statements
Some statements made in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements including those related to the growth of the industry, new stem cell treatments, and the Company's performance, are only predictions and are subject to certain risks, uncertainties and assumptions. Additional risks are identified and described in the Company's public filings with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.
CONTACT: Paul Knopick E & E Communications 949/707-5365 pknopick*eandecommunications.com
SOURCE Cord Blood America, Inc.
Paul Knopick of E & E Communications, +1-949-707-5365, pknopick*eandecommunications.com, for Cord Blood America, Inc. http://www.***.com
Copyright (C) 2006 PR Newswire. All rights reserved
Posted by J_U_ICE on :
MPRG .18
The Motion Picture Group, Inc. Announces Officers for Upcoming Year The Motion Picture Group, Inc. (Pink Sheets:MPRG), a film/entertainment financing and production company, announced today that its Board of Directors has appointed corporate officers for the upcoming year.
Pliny Porter, the Company's Chief Executive Officer and Chairman recently resigned for personal reasons. Following that resignation, the Board appointed Scott Franklin as Chief Executive Officer and Henri Kessler as President. Messrs. Franklin and Kessler also serve as directors of the Company.
The Company changed it business address to 3940 Laurel Canyon Blvd. #858 Studio City, CA 91604.
About the Motion Picture Group, Inc.
The Motion Picture Group, Inc. was created to meet the needs of the international entertainment industry through financing and producing commercially driven motion pictures for the domestic and international arenas. The Company's management team has produced and developed many films that have received international acclaim and are box-office successes. Corporate offices are located at 3940 Laurel Canyon Blvd. #858 Studio City, CA 91604. Questions should be directed to Henri Kessler, President at (310) 492-5560 or may be emailed to info*themotionpicturegroup.com. More information about the Company and its management is available on the Company's website at www.themotionpicturegroup.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities of The Motion Picture Group, Inc. Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.
The Motion Picture Group, Inc., Los Angeles Henri Kessler, President, 310-492-5560 info*themotionpicturegroup.com
Source: Business Wire (December 4, 2006 - 8:26 PM EST)
PANAMERSA Corporation/PayPro, Inc. Board of Directors Declares 4th Quarter Dividend DALLAS & PANAMA CITY, Republic of Panama--(BUSINESS WIRE)--Micheal Scott Terrell, President/CEO of PANAMERSA Corporation/PayPro, Inc. (Pink Sheets: PYPR), a US Public Company based in Dallas, Texas, U.S.A., and the Board of Directors met today in Panama City and declared a 4th Quarter Dividend to all legal shareholders PYPR Common stock as of December 20, 2006 of One Square Meter of the Corobici Wildlife Refuge Canas, Guanacaste, Costa Rica, Central America, for every 10,000 shares of common stock.
Mike Terrell CEO of PANAMERSA Corporation/PayPro, Inc., speaking on behalf of the board, stated: “The Board felt it of great importance that all of our shareholders begin the journey to Carbon Neutrality and have a stake in the preservation and protection of our Environment. Each shareholder will be issued 1 PDR. Each PDR will state the corresponding number of square meters it represents.
About PANAMERSA Corporation/PayPro Incorporated:
PANAMERSA Corporation/PayPro Incorporated (Pink Sheets: PYPR) is a holding company for a group of business enterprises which promotes the commercial integration of Latin America into the economic development of the Western Hemisphere, and is engaged in global e-commerce and e-biz Solutions offering interactive e-commerce and e-biz programs. PANAMERSA Corporation/PayPro offers a range of goods and services ON LINE as follows:
Visa prepaid cards; e-commerce merchant accounts; Life insurance policies, Gold transactions; Telephony services, Text messaging, VoIP, Micro forests properties, Real estate investment participations, Fixed and variable income Real estate properties in Costa Rica and Panama, Offshore financial services, Asset management and protection; Travel services, Leisure, Business, Health, Relocation services, and Digital marketing services.
Forward Looking Statements is not historical fact as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
I do not recommend making buy or sell decisions based upon my opinion. My posts do not necessarily imply that I either hold, or have any interest in holding a position in a stock.
Posted by captain america on :
Press Release Source: Sulja Brothers Building Supplies, Ltd.
SLJB Issues Correction for Unintentional Mis-Statement: September 05, 2006 Press Release Retracted Tuesday December 5, 12:44 am ET
WINDSOR, ON--(MARKET WIRE)--Dec 5, 2006 -- A Sulja Bros. Building Supplies (Other OTC:SLJB.PK - News) spokesperson announced a clarification of its September 05, 2006 press release. SLJB made a mistake in the wording and in the timing of the release. Although the statements were made honestly and from the most up-to-date information available to the company at the time, circumstances far beyond the control of SLJB and occurring nearly simultaneously with the completion of the release now serve to have the Company take pause and recant the information. This effort has been put forth previously in the Statement of former CEO Petar Vucicevich on the corporate web site, www.suljabros.com. However, in light of recent questions concerning the press release, the Company is compelled to state in no uncertain terms that the concrete commodities mentioned in that release and the corresponding transaction were indeed cancelled and no contract, even if drafted to finality, was consummated. SLJB hopes that this statement serves to provide a final concurrence or addendum to the entire issue.
The September 05, 2006 press release follows below, presented in its entirety:
Sulja Bros. Building Supplies Ltd. -- Announces Closing of Abu Dhabi Cement Contract
A Sulja Bros. Building Supplies (Other OTC:SLJB.PK - News) spokesperson announced the closing of the cement contract in Dubai with Ramada General Contracting in Abu Dhabi, UAE.
ADVERTISEMENT click here CEO Steve Sulja stated: "The cement contract has been finalized, and the contract is officially closed. The contract is for seven million metric tons of cement per year. The cement will be transported to Abu Dhabi, UAE.."
Wessal International's President, Ahmed Khalil Al-Muslmani, stated: "Ramada General Contracting is paying an average of USD $50.00 per metric ton. The deal produces yearly revenues of USD $350,000,000. The UAE currently faces a shortage in cement production. We are continuously looking to fill this need."
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.
Posted by J_U_ICE on :
BANY (.0056) Expands Distribution of New Electro Diagnostic Testing Device
Business Wire "US Press Releases "
LOS ANGELES--(BUSINESS WIRE)--
Banyan Corporation (OTCBB:BANY), franchisors of nationally branded Chiropractic USA clinics, and owner of Premier Medical Group and Virtual Medical Systems, Inc. (VMS), announced it has entered a new distribution agreement with GP Diagnostics of Lexington, South Carolina, valued to add revenues of $3.5 million from sales of its innovative VT3000 electro - diagnostic testing device.
Kevin Gobbi, CEO of GP Diagnostics, said: "I'm very excited about selling VMS's new VT3000. It is a revolutionary electro-diagnostic device, particularly appealing to health care practitioners due to its ease of operation, convenience and the live viewing component. We are currently ramping up to commence sales, and I believe we will be able to conservatively sell 150 of these units in 2007."
Banyan CEO Michael Gelmon added: "We are very pleased to announce this agreement with GP Diagnostics. VMS and GP Diagnostics project earnings of $24,000 per year per machine. Thus, on an annualized basis, we expect to add an excess of $3.5 million in revenue as a first year sales effort."
About Banyan Corporation:
Banyan Corporation is a publicly traded holding company focused on investing in and building a network of operating subsidiaries engaged in various innovative businesses. Currently the company's subsidiary, Chiropractic USA, Inc. is focusing on the development of branded Chiropractic clinics throughout North America by way of franchising and the use of uniform operating systems and practices. The company's other subsidiaries, Premier Medical Group LLC, and Virtual Medical Systems, Inc., provide diagnostic testing services to physicians nationwide in addition to marketing the VT3000 Electro-diagnostic testing machine.
This Press Release contains or incorporates by reference forward looking statements including certain information with respect to plans and strategies of Banyan Corporation. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Banyan Corporation operations that could differ materially from those indicated by such forward looking statements.
Source: Banyan Corporation
Posted by J_U_ICE on :
UDTT (.0075) New E-commerce Store Featured on US Department of Commerce's Website in the United Kingdom
PR Newswire "US Press Releases "
LOS ANGELES, Dec. 5 /PRNewswire-FirstCall/ -- Universal Detection Technology (www.udetection.com) (OTCBB: UDTT), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, announced today that its e-commerce store has been added to DOC's Commercial Service's website as a featured US exporter.
"We continue to collaborate with the Commercial Service to market our products and services globally," said Jacques Tizabi, UDTT's CEO. "Our recent move is aimed at informing the global community of our diverse products and services including our educational reference videos and DVDs," he added.
For more information please visit www.udetection.com or Email us at info*udetection.com.
About US Commercial Service
The US Commercial Service is a part of the US Department of Commerce and is active in promoting the sales and presence of US companies in various markets around the world. With offices in the US and in several foreign territories, the US Commercial Service offers several ways to grow US businesses' international sales. The tasks of the Commercial Service include, and are not limited to, world-class market research, trade events that promote US products or services to qualified buyers, introductions to qualified buyers and distributors, and counseling through every step of the export process.
About Universal Detection Technology
Universal Detection Technology is a developer of monitoring technologies, including bio-terrorism detection devices. The Company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the Company, in cooperation with NASA, has developed a bio-terror 'smoke' detector that detects certain bio hazard substances. For more information, please visit http://www.udetection.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
SOURCE Universal Detection Technology
Posted by J_U_ICE on :
UPDA (.129) Subsidiaries Continue Acquisition Programs in Order to Expand within Localities - Additional Leases and Rights of Way Purchased - Ownership of Existing Lease Consolidated
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
Universal Property Development and Acquisition Corporation (OTCBB: UPDA) subsidiary Catlin Oil and Gas, Inc. has purchased 5 additional leases contiguous to its existing oil and gas field in Jack County, Texas, and obtained a right of way of more than 2 miles in order to connect the north and south ends with a high-pressure natural gas pipeline.
UPDA's Canyon Creek Oil and Gas subsidiary has also negotiated the acquisition of the remaining 25% working interest that had remained outstanding in its Prideaux property. As a result of this purchase, Canyon Creek now owns all of the working interest in that lease.
"These acquisitions are a further demonstration of the refinement of our business plan to expand and improve properties where we have already made significant investment and to maximize our efficiencies and economies of scale," reports Chris McCauley, Vice President of UPDA. "Although we fully intend to continue our growth in any area in which we find significant opportunity, we also recognize the advantages of expanding in our existing areas of interest and we intend to exploit the favorable conditions presented in those areas."
"The new acquisition in Jack County consists of 5 contiguous leases containing nearly 200 acres and five wells that we will simply expand our workover program to include. The cost of this expansion is negligible while the potential is enormous," continued McCauley. "On the Prideaux, we will now be able to pursue the intended revitalization without the potential for delay that outstanding working interests present. We have significantly increased our upside with little or no downside. Our acquisition and land management department has been directed to aggressively pursue these types of opportunities."
For timely updates of this progress, visit UPDA's website at: www.universalpropertydevelopment.com, which will report production from all of the wells as improvements to the site and the wells continue.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Source: Universal Property Development and Acquisition Corporation
Posted by J_U_ICE on :
AMMX (.052) Heavy Equipment Division Books Six New Orders
Business Wire "US Press Releases "
CHICO, Calif.--(BUSINESS WIRE)--
While touring the new Terex facility in Memphis TN., Mr. Lee Hamre, President of AmeraMex International, (Pink Sheets:AMMX), announced additional sales of Terex equipment. "We are excited about closing six new orders for Terex equipment. Terex has given us the ability to be very competitive not only with price but also on delivery. Some of our new customers are here with me touring this new facility and our extremely impressed with the quality of the machines being built and assembled here."
In addition to the container handling equipment sales booked and announced last week, Hamre Equipment, AmeraMex International's heavy equipment subsidiary, has booked another 3 million of the 9 million promised. "It is amazing how strong we are ending this year," Mr. Hamre commented.
AmeraMex is continuing to discuss a large gravel mining and loading contract in South America. These sales would enable AmeraMex to exceed there sales forecasts for '07. Mr. Hamre will be working especially hard to complete this deal. "There are a lot of components that need to come together for gravel to start moving into Houston and New Orleans. I am talking with everybody involved at least twice a week and so far we haven't hit an unmovable roadblock yet," Mr. Hamre explained.
Recently AmeraMex International completed its merger with Hamre Equipment, a 30-year-old company. AmeraMex International now sells heavy equipment through the Hamre Equipment Division into many sectors of our economy including port operations, heavy construction, light construction, mining, and all types of earth moving. For additional information see WWW.AMMX.NET.
SAFE HARBOR STATEMENT
This press release contains 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 (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements.
Source: AmeraMex International Inc.
Posted by J_U_ICE on :
EPGL .013
EP Global Communications Inc. and the U.S. Army Partner to Provide Education and Services to Family and Morale, Welfare and Recreation Command's Exceptional Family Member Program, Medical Staff and Families of Children and Adults with Special Needs JOHNSTOWN, Penn., Dec. 5 /PRNewswire-FirstCall/ -- EP Global Communications Inc. (OTC Bulletin Board: EPGL) today announced it is the recipient of an $850,000 research contract for a U.S. Army Research Project entitled 'Exceptional Family Training and Transitioning Program,' focusing on education and training in the developmental and special health care needs arena. EP is expected to deliver all service under the contract in 2007, commencing January 2007. The Company will work with the U.S. Army Medical Research and Materiel Command (USAMRMC) and Family and Morale, Welfare and Recreation Command's (Family and MWR Command) Exceptional Family Member Program (EFMP) program managers and families to develop and implement a series of online CME and CEU accredited interactive TV-quality seminars on a variety of disability-specific topics. In addition, EP Global Communications will issue a special U.S. Army section of Exceptional Parent Magazine monthly throughout 2007. EP's flagship publication, Exceptional Parent, is devoted to individuals with special needs and their families, as well as physicians, allied health care professionals, teachers and caregivers. EP will also provide selections from the Exceptional Parent Bookstore to be delivered to specified U.S. Army installations and special needs families, while at the same time continuing to extend this valuable information for public interest.
The project is in response to a growing need inside the military among the many families caring for children, young adults, adults and returning soldiers with disabilities and special health care concerns. Providing this crucial information to families, in partnership through EFMP managers, and health care professionals contributes to overall unit readiness and effectiveness. Joseph M. Valenzano, Jr., the President and CEO of EP Global Communications Inc., views this venture as 'a great example of civilian and military cooperation focused on an area that helps improve the quality of life for military families and those they care for. At the same time, this project showcases the dedication and commitment of the talented physicians, EFMP managers, occupational and physical therapists and nurses who devote their energies to caring for those who have sustained significant disabilities in the defense of our freedom.' It is estimated that one member of every squad in the U.S. Army is caring for a child, young adult or adult with special needs.
Upon commencement, EP Global and Family and MWR Command EFMP will ask their mutually designated representatives to implement and distribute plan goals, following a needs assessment meeting with representatives of the Army Medical Command, Family and MWR Command, EFMP managers, Office of Secretary of Defense (OSD) Educational Opportunities, and other interested parties. Up to eight military installations will be identified as the target U.S. Army recipients of this information, and these centers will be key sites for measuring the effectiveness of this research undertaking.
Beginning in January 2007, EP Global will deliver monthly up to 8,000 customized copies of its flagship publication, Exceptional Parent Magazine to the designated military installations that include the major hospitals and/or combined rehabilitation facilities.
EP Global will also work with the Family and MWR Command EFMP program managers, Army Medical Corps and professional medical societies such as the American Academy of Developmental Medicine and Dentistry (AADMD) in developing and executing up to six CME and CEU accredited online interactive TV-quality seminars to Exceptional Family Military Program (EFMP) families, Army Medical Staff and others in the area of developmental disabilities. The topics of these seminars will be selected by the special needs assessment Family and MWR Command EFMP delegates working in concert with EP Global Communications and its associated partners, the AADMD and Vemics, Inc.
The Exceptional Parent Bookstore (http://www.eplibrary.com ) will also arrange to provide each of the designated military installations with books and materials from its diverse collection of valuable special needs publications.
About EP Global Communications, Inc.
EP Global Communications (http://www.eparent.com ) ('Exceptional Parent') is a 35-year-old award-winning publishing and communications company which provides practical advice and emotional support to families of children and adults with disabilities and special health care needs -- as well as the physicians, allied health care and educational professionals who are involved in their care and development. EP uses a multi-media approach to disseminate information via: its monthly award-winning publication, Exceptional Parent; web site (http://www.eparent.com ); clinical custom communications projects; the EP Library Bookstore (http://www.eplibrary.com ) of disability books, videos and tapes; live and on-line interactive CME/CEU accredited Seminars & Teleconferences on a wide range of special needs topics in the chronic long term disabilities and special needs community.
About the Exceptional Family Member Program
Army Regulation (AR) 608-75 and the Assistant Chief of Staff for Installation Management is the proponent for EFMP. The program is a mandatory enrollment program that works with other military and civilian agencies to provide comprehensive and coordinated community support, housing, educational, medical, and personnel services to families with special needs. Soldiers on active duty enroll in the program when they have a family member with a physical, emotional, developmental, or intellectual disorder requiring specialized services so their needs can be considered in the military personnel assignment process.
Safe Harbor Statement
Certain matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of projects due to the variability in size, scope and duration of projects, estimates made by management with respect to the Company's critical accounting policies, regulatory delays, clinical study results which lead to reductions or cancellations of projects, and other factors, including general economic conditions and regulatory developments, not within the Company's control. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward- looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
SOURCE EP Global Communications Inc.
Source: PR Newswire (December 5, 2006 - 8:30 AM EST)
GMSC (.0065)Grand Entertainment & Music, Inc. Announces Big Lou's Invitation to Open for Tri-State Showcase Series Market Wire - December 5, 2006 7:00 AM (EDT)
MONTREAL, QC, Dec 05, 2006 (MARKET WIRE via COMTEX) -- Grand Entertainment & Music, Inc. (PINKSHEETS: GMSC) announces that Lost City artist, Big Lou has been invited to be the opening act for a tri-state, five series showcase tour.
On December 6th, up and coming rapper Big Lou will be performing at Don Hills (511 Greenwich Street New York, New York) in the first of a five show tri-state series. The Legendary M.O.P. will be hosting the December edition of Adante Ace's artist showcase. Other artists performing in this showcase include: Ali Vegas, Jinx da Juvi, and Uncle Murda. The tour will continue over the next few months with Big Lou opening for Jim Jones, Papoose and Remy Ma, and Ghostface. For more information or to obtain tickets for the show at Don Hills, contact 347-248-1477 or email MOPtickets*aosentertainment.com
The buzz about Big Lou is growing. His second album, "Resurrecting The Dead," has independently sold thousands of units in less than one month. The album has gotten rave reviews from RapCapital.com, Rapmullet.com, and from Thick Magazine, a Canadian publication. On the worldwide level, "Resurrecting The Dead" is now on iTunes, giving Big Lou international exposure.
"When a young artist is invited to open for major acts, he can feel confident that he is well on his way to stardom," stated President Fred Berlin. "People are really taking notice of Big Lou since the release of his second album. I am very proud to be a part of this rapper's continuing success in the music industry, and I look forward to watching him grow."
About Grand Entertainment & Music, Inc.
Based in Montreal, Canada and incorporated in November 1998, the Company is an independent music entity that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, The Company's multi-million dollar studio, Cherry Studios, has produced voice-overs and sound tracks for commercials and film. In addition, Cherry Studios has also produced thousands of recordings and has to its credit a total of 23 gold and platinum albums. GEM has recently found success in the reggaeton market with its signature artist, Qbanito. Qbanito's debut album has already generated a #1 hit in Canada and is currently being marketed by Universal Music in Europe. Grand Entertainment also controls exclusive rights to vast catalogues of previously unreleased recordings from Cuban music archives. In November 2006, Grand Entertainment acquired half of Lost City Records, adding a half dozen award-winning artists, including rising rap star Big Lou, and a 500+ song catalogue to Grand's existing assets. In addition, the company will continue to focus on growth through acquisitions over the next twelve months in an effort to reach its mission of becoming a premier production, recording, publishing, and internet distribution company.
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 involves 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
Alternet Systems Inc.: Republic of Guinea Update Alternet Systems Inc. (OTCBB: ASYI)(FWB: EJM) announces that it will deploy a SchoolWeb project in the Republic of Guinea, Africa. The system will employ a wireless broadband network, coupled with SchoolWeb network and learning management software, in cooperation with the Ministry of Education.
Guinea is one of the key markets in Sub-Saharan Africa with a population base of over 9.5 million, of which 2 million are school children between the age of 5 and 18. There are approximately 6,000 primary and secondary schools in Guinea. The network revenue potential in Guinea is estimated to exceed $20 million dollars per year.
The President of Alternet, Mr. Pat Fitzsimmons, states, "This will be the Company's first SchoolWeb deployment in Africa, and will provide a springboard for Alternet's network systems throughout the region." Alternet is in discussions to install wireless broadband networks in 5 other countries in Africa.
In addition to broadband internet for Guinea's schools, Alternet will offer local residents, businesses and government a variety of commercial services such as: fixed and mobile telephones, IPTV and video conferencing.
Less than 1% of the population of Guinea has internet access and only 2% have telephone service of any kind, providing an excellent market opportunity for Alternet Systems. In Africa, only the major cities have access to the Internet, leaving the 70% of the population located in rural areas with no Internet access and minimal phone service.
Internet-based (Voip) phones have become commonplace in North America and have the potential to revolutionize telecom in Guinea and Africa. There is also a huge potential market for Internet-based mobile phones, as a cheaper alternative for high-cost cellular service.
The Company's turnkey wireless broadband systems deliver Internet-based telecom service to the most rural areas of a country, in addition to delivering the Internet to schools and health centers. Alternet's cost-effective broadband systems have the ability to deliver telecom services throughout Guinea and provide a significant revenue stream to the Company.
Alternet Systems sees Guinea as a milestone in the goal of providing Internet-based telecom and education services, to an underserved country whose economic potential is significant.
About Alternet Systems Inc.:
Alternet Systems provides comprehensive broadband telecommunications services to locations around the world. Alternet has also developed best-in-class application software, SchoolWeb and HealthWeb, for the education and healthcare sectors. Alternet combines its application software with wireless broadband, allowing it to deliver high-speed Internet to schools and telecom services to residents and businesses. For further information contact Griffin Jones toll free at 1-800-608-2540 or visit our website at www.alternetsystems.com.
On Behalf of the Board of Directors
ALTERNET SYSTEMS INC.
Griffin Jones, Director
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.
Source: Market Wire (December 5, 2006 - 6:00 AM EST)
ILGY (.0045) Has Signed LOI to Acquire 50% Interest in Oil Fields Located in Central Asia
Market Wire "US Press Releases "
ORLANDO, FL -- (MARKET WIRE) -- 12/05/06 -- International Energy, Ltd. (PINKSHEETS: ILGY) has signed Letters of Intent to acquire 50% interest in oil fields located in the Atyrauskeye and Mangystauskeye regions of Kazakhstan with proven oil reserves of 140 Million barrels.
The joint venture partner in this project will be the Kazakhstan government. The purchase price of US$12 million will be applied to upgrading equipment to increase daily production at these fields.
CEO David Watson stated: "Kazakhstan provides a great opportunity for the realization of our company's strategic objectives due to the enormous oil and gas reserves in this region."
About International Energy, Ltd.
International Energy, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas-related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.
Safe Harbor Statement
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
CONTACT:
International Energy, Ltd. D. Watson Tel: (407) 574-6623 Email: ilgyinfo*yahoo.com
Posted by Spartans on :
NNRF -- Nucon-RF, Inc. Com ($0.001)(New)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
NUCON-RF, Inc. to File Form 10-SB by January 5
MOSCOW, Dec 5, 2006 (*********wire via COMTEX) -- NUCON-RF, Inc. (Pink Sheets:NNRF) today announced that its fiscal quarter reviews for the three and six months ended June 30, 2006 have been completed by the Company's outside auditors. The quarterly review for the three, six and nine months ended September 30, 2006 will be finalized shortly. As a result of meetings held in Moscow, Berlin, London and St. Petersburg in November and early December, the Company is amending the business section of the registration statement on Form 10-SB to address the increase and nature of activities that the Company believes will occur as a result of these meetings. The Company now plans to file the Form 10-SB prior to January 5, 2007. Following the filing, the Company intends to immediately seek quotation of its common stock on the OTC Bulletin Board.
NUCON-RF, a U.S. corporation with executive and operations office located in Moscow and Berlin, is a technical solutions company focused on environmental markets in the Former Soviet Union, Eastern Europe and Asia. NUCON has the capability to provide product, technological and engineering support addressing environmental, power quality and radioactive waste challenges. These solutions address compliance, shielding, transport and storage requirements, plant equipment protection, energy efficiency and remediation techniques for diverse radioactive and toxic wastes. The company possesses extensive in-house expertise in all aspects of radiological protection and radiological waste management.
Safe Harbor Statement
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding announcements of financial results, business potentiality and other prospective presentations by NUCON-RF, Inc. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products in domestic and international markets will continue to expand. NUCON-RF undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in NUCON-RF's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
CONTACT: Hanover Capital Corporation Jim Hock (818) 610-2028
Eisenberg Communications Rick Eisenberg (212) 496-6828
Posted by J_U_ICE on :
AXGJ (.0165) International Building Technologies, Inc., a Subsidiary of Axia Group, Inc., Establishes Hong Kong Office
PR Newswire "US Press Releases "
SAN DIEGO, Dec. 5 /PRNewswire-FirstCall/ -- International Building Technologies, Inc., a wholly owned subsidiary of Axia Group, Inc. (OTC: AXGJ), announced today that it has established an office in Hong Kong in order to pursue new opportunities in China. The Company's Hong Kong office will support the Company's financial and administrative operations.
Stated Jeffrey Flannery, CEO of Axia Group, Inc., "This office in Hong Kong will allow us to better and more effectively coordinate our efforts in China as well as work with opportunities throughout the region."
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of AXGJ officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future AXGJ actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and AXGJ has no specific intention to update these statements.
SOURCE Axia Group, Inc.
Posted by Superbee383 on :
EPGL - .013
EP Global Communications Inc. and the U.S. Army Partner to Provide Education and Services to Family and Morale, Welfare and Recreation Command's Exceptional Family Member Program, Medical Staff and Families of Children and Adults with Special Needs PR Newswire - December 05, 2006 08:30
JOHNSTOWN, Penn., Dec 05, 2006 /PRNewswire-FirstCall via COMTEX/ -- EP Global Communications Inc. (OTC Bulletin Board: EPGL) today announced it is the recipient of an $850,000 research contract for a U.S. Army Research Project entitled "Exceptional Family Training and Transitioning Program," focusing on education and training in the developmental and special health care needs arena. EP is expected to deliver all service under the contract in 2007, commencing January 2007. The Company will work with the U.S. Army Medical Research and Materiel Command (USAMRMC) and Family and Morale, Welfare and Recreation Command's (Family and MWR Command) Exceptional Family Member Program (EFMP) program managers and families to develop and implement a series of online CME and CEU accredited interactive TV-quality seminars on a variety of disability-specific topics. In addition, EP Global Communications will issue a special U.S. Army section of Exceptional Parent Magazine monthly throughout 2007. EP's flagship publication, Exceptional Parent, is devoted to individuals with special needs and their families, as well as physicians, allied health care professionals, teachers and caregivers. EP will also provide selections from the Exceptional Parent Bookstore to be delivered to specified U.S. Army installations and special needs families, while at the same time continuing to extend this valuable information for public interest.
The project is in response to a growing need inside the military among the many families caring for children, young adults, adults and returning soldiers with disabilities and special health care concerns. Providing this crucial information to families, in partnership through EFMP managers, and health care professionals contributes to overall unit readiness and effectiveness. Joseph M. Valenzano, Jr., the President and CEO of EP Global Communications Inc., views this venture as "a great example of civilian and military cooperation focused on an area that helps improve the quality of life for military families and those they care for. At the same time, this project showcases the dedication and commitment of the talented physicians, EFMP managers, occupational and physical therapists and nurses who devote their energies to caring for those who have sustained significant disabilities in the defense of our freedom." It is estimated that one member of every squad in the U.S. Army is caring for a child, young adult or adult with special needs.
Upon commencement, EP Global and Family and MWR Command EFMP will ask their mutually designated representatives to implement and distribute plan goals, following a needs assessment meeting with representatives of the Army Medical Command, Family and MWR Command, EFMP managers, Office of Secretary of Defense (OSD) Educational Opportunities, and other interested parties. Up to eight military installations will be identified as the target U.S. Army recipients of this information, and these centers will be key sites for measuring the effectiveness of this research undertaking.
Beginning in January 2007, EP Global will deliver monthly up to 8,000 customized copies of its flagship publication, Exceptional Parent Magazine to the designated military installations that include the major hospitals and/or combined rehabilitation facilities.
EP Global will also work with the Family and MWR Command EFMP program managers, Army Medical Corps and professional medical societies such as the American Academy of Developmental Medicine and Dentistry (AADMD) in developing and executing up to six CME and CEU accredited online interactive TV-quality seminars to Exceptional Family Military Program (EFMP) families, Army Medical Staff and others in the area of developmental disabilities. The topics of these seminars will be selected by the special needs assessment Family and MWR Command EFMP delegates working in concert with EP Global Communications and its associated partners, the AADMD and Vemics, Inc.
The Exceptional Parent Bookstore (http://www.eplibrary.com ) will also arrange to provide each of the designated military installations with books and materials from its diverse collection of valuable special needs publications.
About EP Global Communications, Inc.
EP Global Communications (http://www.eparent.com ) ("Exceptional Parent") is a 35-year-old award-winning publishing and communications company which provides practical advice and emotional support to families of children and adults with disabilities and special health care needs -- as well as the physicians, allied health care and educational professionals who are involved in their care and development. EP uses a multi-media approach to disseminate information via: its monthly award-winning publication, Exceptional Parent; web site (http://www.eparent.com ); clinical custom communications projects; the EP Library Bookstore (http://www.eplibrary.com ) of disability books, videos and tapes; live and on-line interactive CME/CEU accredited Seminars & Teleconferences on a wide range of special needs topics in the chronic long term disabilities and special needs community.
About the Exceptional Family Member Program
Army Regulation (AR) 608-75 and the Assistant Chief of Staff for Installation Management is the proponent for EFMP. The program is a mandatory enrollment program that works with other military and civilian agencies to provide comprehensive and coordinated community support, housing, educational, medical, and personnel services to families with special needs. Soldiers on active duty enroll in the program when they have a family member with a physical, emotional, developmental, or intellectual disorder requiring specialized services so their needs can be considered in the military personnel assignment process.
Safe Harbor Statement
Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of projects due to the variability in size, scope and duration of projects, estimates made by management with respect to the Company's critical accounting policies, regulatory delays, clinical study results which lead to reductions or cancellations of projects, and other factors, including general economic conditions and regulatory developments, not within the Company's control. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward- looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Copyright (C) 2006 PR Newswire. All rights reserved
Posted by Superbee383 on :
SBTG - .0006
SkyBridge Technology Group, Inc. ''SBTG'' Announces Its Subsidiary (Sierra Pacific Aviation, Inc.) Has Expanded Its Relationship with Club Big Bear Business Wire - December 05, 2006 09:00
LAS VEGAS, Dec 05, 2006 (BUSINESS WIRE) -- SkyBridge Technology Group, Inc. (OTC:SBTG) Board of Directors has announced today that its wholly owned subsidiary, Sierra Pacific Aviation Inc., announced today the expansion of the Club Big Bear relationship to include fractional real estate sales combined with managed aircraft co-ownership options for a new resort in Costa Rica. "This is another international marketing opportunity for Sierra Pacific, and should fit in very well within our community of aviators," stated Brent Neville, President of Sierra Pacific.
Certain Information
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of STGI officials are "Forward-Looking Statements": within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Certain statements in this news release may contain forward-looking information and are based on Management's current expectations, estimates and projections subject to change. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements. Unless legally required, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company disclaims any information that is created or distributed by any outside party and endorses only information that is communicated by its official Press Releases.
Copyright Business Wire 2006
Posted by J_U_ICE on :
TPBD .18
Tulip BioMed's Disposable Cannulas Used for Teaching Workshop at Saint Louis University New Instruments Supporting Safer Cosmetic Surgery Used by Faculty in "Endoscopic and Minimally Invasive Surgery for the Aging Face" Workshop Tulip BioMed™, Inc. (PINKSHEETS: TPBD), a developer of medical devices and patented technologies for the living tissue markets, including plastic, cosmetic, and orthopedic surgeries, today announced it provided more than $2500 worth of disposable cannulas to Practical Anatomy & Surgical Education of Saint Louis University. The new disposable instruments were used in an intensive hands-on workshop entitled "Endoscopic and Minimally Invasive Surgery of the Aging Face," which took place Nov.17-18, 2006 at Practical Anatomy & Surgical Education. Minimally-invasive procedures are by far the fastest growing segment in the plastic and cosmetic markets according to statistics provided by the American Society of Plastic Surgeons.
This workshop was designed to provide plastic surgeons, facial plastic surgeons and cosmetic surgeons with an overview of contemporary surgical rejuvenation of the aging face, which includes fat transfer, and for which Tulip BioMed's instruments are specially designed. Tulip BioMed provided its disposable, minimally-invasive micro-cannulas for fat harvest, transfer and re-injection in a variety of sizes and tips. Special attention was directed toward restoring youthful volumes and contours to the aging midface, jawline, and neck. Approximately 35 participants and 17 faculty performed hands-on exercises on cadavers using state of the art techniques.
Oscar Ramirez, MD, FACS, who is a clinical assistant professor at Johns Hopkins University School of Medicine and the University of Maryland as well as a member of Tulip BioMed's Board of Scientific Advisors, was the featured speaker. According to Dr. Ramirez, the disposable cannulas have the potential to enhance fat graft survival. "When one studies the external surfaces, Tulip BioMed's disposable cannulas appear to create less micro-trauma. This implies reduced inflammatory irritation in a live patient, which may enhance results and reduce recovery times."
This workshop ran at the same time as several successful showings for Tulip BioMed at multiple fall medical conferences including: "Advances in Aesthetic Plastic Surgery: The Cutting Edge VI" in New York City, November 12 - 16; Annual Scientific Symposium of the American Society of Ophthalmic Plastic and Reconstructive Surgery (ASOPRS) held in Las Vegas, November 15 - 16; and QMP Aesthetic Surgery Symposium in Chicago, December 1 - 3. The new instruments were well-received by physicians who are concerned about patient safety and improved results.
The disposable instruments developed by Tulip BioMed are designed to solve cross-contamination issues by eliminating reuse of instruments in liposuction, fat transfer and other closed end cannula procedures. A lubricious coating, which covers both the inside and outside of the cannula, is designed to not only decrease the trauma to the cells inside the lumen, but also to increase the ease of manipulation for extraction and re-injection procedures, minimize bruising and shorten recovery periods.
Doctors who would like to sample Tulip BioMed instruments are encouraged to call the company at 800-978-8547.
About Tulip BioMed, Inc.
Tulip BioMed, Inc. (PINKSHEETS: TPBD) is a Nevada corporation with operations based in San Diego, California. Founded in 2004, Tulip BioMed, Inc. is a medical device, biotechnology company that manufactures and distributes patented technologies for the plastic and cosmetic surgery, biopsy, orthopedic surgery, stem cell therapy and other living tissue markets. Tulip BioMed, Inc. is the exclusive licensee of patented syringe connection devices that use the worldwide recognized Tulip brand name. Tulip BioMed, Inc. manufactures, markets, and distributes medical devices, adapted with these and other patented technologies, to physicians, clinics, military, health organizations, hospitals and other distribution outlets. For more information go to: www.tulipbiomed.com. Products are available for sale at www.tulipdisposable.com.
Safe Harbor: This press release contains certain forward-looking information about Tulip BioMed, Inc., which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)," and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Tulip BioMed, Inc., that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history, our need for additional capital to pursue our business strategy. We are a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission. We trade on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities. Readers are cautioned not to place undue reliance on these forward-looking statements. Tulip BioMed, Inc. does not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Source: Market Wire (December 5, 2006 - 8:28 AM EST)
Pangea Petroleum Announces Revenue from Fort Bend County, Texas Field Pangea Petroleum Corporation (OTCBB:PAPO) announced today that it has started to receive revenue for its interest in the Fort Bend County field acquired earlier this year. The revenue that started to accrue on October 1, 2006 is subject to Pangea's share of operating expense and debt repayment terms. The producing field consists of 20 wells on five properties that averaged 200 barrels of oil per day in October. The field also contains approximately 22 prospective undeveloped locations that will be sequentially developed over the next several years. Along with the revenue, Pangea will assume $25,470 in existing debt on the field as of October 1, 2006. Pangea has a 1.5% working interest, a 1.11% net interest, in the field.
"At current production rates, this field will double Pangea's monthly revenue. Based on the potential for future development, we expect that the revenue contribution from field production will increase significantly over the next few years," notes Chuck Pollock, CEO of Pangea. "This is an excellent step for Pangea and should provide quality revenue for a number of years in the future."
Pangea Petroleum Corporation (www.pangeapetroleum.com) is a Texas-based independent diversified crude oil and natural gas exploration and production company. Pangea's primary focus is to explore for, produce and sell oil and natural gas by establishing production reserves through exploration and acquisitions. Pangea's niche or specialty is the small or moderate operations that do not fit the strategy of the larger oil and gas producers, but are none-the-less contributors to the US energy supply.
Special Note: Management believes certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the company prior to its current fiscal year end, as well as from developments beyond the company's control, including changes in global economic conditions that may, among other things, affect the company's performance anticipated acquisitions or future business. In addition, changes in domestic competitive and economic conditions may also affect performance of all significant company businesses.
Pangea Petroleum Corporation, Houston Charles B. Pollock, 713-706-6350
Source: Business Wire (December 5, 2006 - 9:02 AM EST)
Martin Nutraceuticals Previews Book at Whole Life Expo in Toronto, Canada Martin Nutraceuticals Inc. (MNCL PK) is pleased to announce the highly successful preview of Dr. Tony Martin's newest book, "Medical Crisis: Secrets Your Doctor Won't Share With You." Dr. Martin, Director of Research and Development for Martin Nutraceuticals, was a featured speaker at the "Whole Life Expo" - Canada's largest showcase of natural health and alternative medicine. The showcase attracted between 15,000 to 20,000 visitors to the Metro Toronto Convention Center.
Dr. Martin introduced his book to a "standing room" only crowd during his presentation Sunday afternoon, then personally autographed his book to hundreds after his seminar. "This was a great response to the preview of the book and we can't wait to do the launch North America wide," stated Dr. Martin.
Harvey Panesar, President of Martin Nutraceuticals, stated, "Tony has authored a winning book and we can't wait to launch the book via Direct Response TV. Tony talks in layman terms to associate with the reader on how to effectively lead a healthier lifestyle." Mr. Panesar continued, "The book provides great insight into the benefits of our flagship products, Arthrizyme and Oxygenol, and why it is important to take our products on a daily basis."
About Martin Nutraceuticals Inc.
Martin Nutraceuticals Inc. is a company focused on providing a better health and lifestyle through natural products. Martin Nutraceuticals' flagship products include Arthrizyme(TM) for general joint pain and Oxygenol(TM) for anti-oxidation and Maximum Slim(TM) for weight control.
Arthrizyme(TM) is a unique blend of systemic enzymes proven to rapidly reduce inflammation in joints and muscles. Arthrizyme(TM) is not limited to anti-inflammatory effects; it also assists the body in the healing process by breaking down fibrin in joints and muscles. Arthrizyme(TM) differs from all other natural arthritis remedies and was designed to work for all types of arthritis and in all joints of the body. Arthrizyme(TM) is fast acting, usually improving symptoms within the first few days.
Safe Harbor Statement
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions.
Pilot Financial Communications Network Rick Gean, 888-772-8611 Direct: 480-247-2142 E-mail: ir*martinnutra.com
Source: Business Wire (November 27, 2006 - 6:33 PM EST)
KidSational, Inc. Feature Film "The Guardians" Awarded Best Family Film at The New York International Independent Film and Video Festival KidSational, Inc. (PINKSHEETS: KDSC) in conjunction with RuffHouse Productions, Inc. is proud to announce that the company has been awarded the best family film for the feature film "The Guardians" at The New York International Independent Film and Video Festival held in New York in November.
"The Guardians" cast includes Ron Palillo, who played Horshack on the popular 70s show, "Welcome Back Kotter." The movie also features Kyle Sabihy, who had a recurring role as Michael Sobel in "Analyze This" and "Analyze That." Additional stars include Alex M and Britt of MTV's hit TV show, "Laguna Beach." The film also features a cameo appearance by P. Diddy's hit R&B boy group B5. The film was shot on location in the areas of Winter Garden, Florida and Chuluota, Florida.
The New York International Independent Film and Video Festival (NYIIFVF) was founded in 1993 and is the largest film festival in the world. NYIIFVF has been recognized by the film and entertainment industry as one of the leading film events on the independent festival circuit. The festival hosts film, music and art events in the two entertainment capitals of the United States: New York and Los Angeles.
"We are elated to receive the best family film award and owe it to our stellar cast and crew. 'The Guardians' is a movie for all ages. The hit music of TGK adds to the positive energy of the film and will create additional awareness of both TGK as well as 'The Guardians' brand. We are confident that we will secure a film distribution agreement in the near future," stated Steve Ruff, CEO of KidSational, Inc.
About KidSational, Inc.:
KidSational, Inc., a Georgia-based corporation, is a creator and distributor of cutting edge safety and educational programming for children. The Company's CEO and President, Steve Ruff, is the creator of "The Guardian Safety Game," currently utilized in schools and institutions across the country and selling in retail stores. The Company plans to relay safety messages to children worldwide through its various business projects and products, including "The Guardian Game," a feature film and TV series, KDS Music Group, and ancillary products such as educational stickers and backpacks.
SAFE HARBOR ACT: This press release contains statements which 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. 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-looking 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: Market Wire (December 5, 2006 - 9:00 AM EST)
Labwire Files Third Quarter Report, Revenue and Earnings Increase Year to Date Labwire, Inc. (PINKSHEETS: LBWR), a leading provider of employee screening solutions and canine security and surveillance services, is pleased to announce that it has filed its interim financial report for the period ended September 30, 2006.
For the quarter ended September 30, 2006, Labwire reported gross revenue of $778,959, compared to gross revenue of $695,137 in the third quarter of 2005, an increase of 12.1%. The Company experienced growth across all of its business segments, including: (i) employee screening services, which increased $21,874 in the third quarter of 2006 over the same period in 2005; (ii) canine security and surveillance, which generated $58,998 in the third quarter of 2006 compared to zero revenue during the same period in 2005; and (iii) management services, which generated $2,950 in the third quarter of 2006 compared to zero revenue during the same period in 2005.
For the nine months ended September 30, 2006, Labwire's gross revenue was $2,735,907, compared to $1,729,261 during the same period in 2005. This represents an increase of $1,006,646 or 58.2%.
For the quarter ended September 30, 2006, Labwire reported gross profit of $263,334, compared to gross profit of $272,550 in the third quarter of 2005, a decrease of $9,216 or 3.4%. For the nine months ended September 30, 2006, Labwire reported gross profit of $953,058, compared to gross profit of $655,525 during the same period in 2005, an increase of $297,533 or 45.4%.
For the quarter ended September 30, 2006, operating expenses were $286,945, compared to operating expenses of $234,868 in the third quarter of 2005, an increase of $52,077 or 22.2%. For the nine months ended September 30, 2006, operating expenses were $909,858, compared to operating expenses of $746,663 during the same period in 2005, an increase of $163,195 or 21.9%.
For the quarter ended September 30, 2006, the Company reported a net loss of $31,077, compared to net income of $35,872 during the third quarter of 2005, a decrease of $66,950. For the nine months ended September 30, 2006, net income was $21,058, compared to a net loss of $97,243 during the same period in 2005, an increase of $118,302.
About Labwire, Inc.
Labwire, Inc. is headquartered in Houston, Texas and provides secure and compliant employee drug screening and background checking services to Fortune 500 corporations via the Labwire(TM) Platform. Labwire(TM) is a proprietary, Web-based application that streamlines the complex regulatory and record management activities associated with employee screening, delivering accurate, timely results while eliminating service calls and paper trails. This comprehensive solution to managing employee screening services is the most efficient and cost-effective platform in the industry. For additional information about Labwire, Inc., please visit www.labwire.com.
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.
Source: Market Wire (December 5, 2006 - 9:00 AM EST)
SkyBridge Technology Group,Inc. ''SBTG'' Announces Its Subsidiary (Sierra Pacific Aviation, Inc.) Has Expanded Its Relationship with Club Big Bear Business Wire - December 5, 2006 9:00 AM (EDT)
LAS VEGAS, Dec 05, 2006 (BUSINESS WIRE) -- SkyBridge Technology Group, Inc. (OTC:SBTG) Board of Directors has announced today that its wholly owned subsidiary, Sierra Pacific Aviation Inc., announced today the expansion of the Club Big Bear relationship to include fractional real estate sales combined with managed aircraft co-ownership options for a new resort in Costa Rica. "This is another international marketing opportunity for Sierra Pacific, and should fit in very well within our community of aviators," stated Brent Neville, President of Sierra Pacific.
Certain Information
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of STGI officials are "Forward-Looking Statements": within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Certain statements in this news release may contain forward-looking information and are based on Management's current expectations, estimates and projections subject to change. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements. Unless legally required, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company disclaims any information that is created or distributed by any outside party and endorses only information that is communicated by its official Press Releases.
Copyright Business Wire 2006
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PFNH (.042) Unveils Its Next-Generation Wireless Network Product Strategy At the Innovation & Design Expo in Hong Kong
PrimeZone "PrimeZone "
LOS ANGELES, Dec. 5, 2006 (PRIME NEWSWIRE) -- Perfisans Holdings, Inc. (OTCBB:PFNH), a next-generation semiconductor designer focused on the burgeoning Gigabit Ethernet and Wireless Broadband Access (WBA) market, announced today that it will briefly unveil its next-generation wireless network product strategy for wireless broadband access (WBA) applications.
Bok Wong, CEO of Perfisans said, "The new wireless broadband access product strategy will complement the Company's existing product lines and better serve the fast-growing market's needs. This will enable the Company to develop more channel partners and thus potentially increase revenue."
With the strategic move into the wireless broadband access market, Mr. Wong will lead the Company into its next stage of development.
About Perfisans Holdings, Inc.
Founded in 2001, Perfisans Holdings, Inc. is an ASIC design house focused on developing leading-edge, cost-effective, system-on-chip (SOC) integrated circuits (IC) and delivering innovative solutions that address the performance needs of next-generation network systems. Rapidly being recognized by industry leaders for its innovative network interface products, the Company's technologies have applications in telecommunication, data communication, storage networks, content delivery networks, broadband networks, and rich streaming media.
Perfisans' proprietary chip technology is fully standards-compliant, and provides high efficiency, high-quality network connections for both business and home applications. The Perfisans' ENA1001 can efficiently process protocols such as IP and TCP, and its high-speed protocol-processing capabilities -- 10 times faster than typical 100M-bit networks -- can vastly improve the efficiency of the network. The ENA1001 network interface chip employs Perfisans' proprietary TCP offload engine (TOE), providing highly efficient network throughput, to enable high-performance networks for a wide range of applications. More information can be obtained from the Company's web site at www.perfisans.com.
Cautionary Statement
This press release contains statements relating to future results of Perfisans (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; changes in product mix; product obsolescence; the availability of manufacturing capacity; fluctuations in manufacturing yields; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation; our ability to attract and retain qualified personnel; as well as other risks and uncertainties, including those detailed from time to time in Perfisans' Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Aurelius Consulting Group Sanford Diday (407) 644-4256, Ext 115 Sanford*aurcg.com www.**********.com Posted by J_U_ICE on :
WTVI (.012) Believes Car Dealers With Their Own Internet TV Stations Could Be the Future of Successful Car Marketing
Market Wire "US Press Releases "
ORANGE COUNTY, CA -- (MARKET WIRE) -- 12/05/06 -- Wi-Fi TV(TM) (PINKSHEETS: WTVI) Inc. has been leading the way in the creation and distribution of Social Internet TV(TM) with its www.Wi-FiTV.com web site, and now the company is going to target car dealers as candidates to own their own TV channel on the Internet.
"The Internet is taking over," an owner of eight car dealerships is quoted as saying in the Dec. 4, 2006 edition of the trade publication Automotive News. "If I could figure out how to advertise more effectively on the Internet, we would do that. Our industry and our stores personally haven't figured out how to do that," he added.
Alex Kanakaris, Chairman of Wi-Fi TV, which has generated over 150,000 visits to its web site from 190 countries, believes he has an answer for dealers like the one quoted in Automotive News.
"In our base of operations, Newport Beach, California, we have a Lexus dealer that spent $75 million on their dealership, including $30 million for the land. They are right down the street from one of the world's biggest grossing Mercedes dealers. You can't tell me, that for $25,000, it wouldn't be a steal for these dealers to own their own global TV station on Wi-Fi TV. And think about all the dealers that don't have the guaranteed high-end clientele foot traffic of these two stores, wouldn't it be worth even more to them to own a channel on Wi-Fi TV?," stated Kanakaris.
"They can show cars, educate about the brand they sell, become involved in local causes, and be part of the Internet community. They can post on-demand videos at no additional charge to showcase particular cars," Mr. Kanakaris stated.
Wi-Fi TV cites comments in Automotive News stating that "newspaper readership is declining" and "dealerships turn the page on local newspapers" as examples of the great opportunity of having a TV channel on the Internet.
"You think of the all time great car marketers, people like Cal Worthington and Mad Man Muntz. They used showmanship and the media of the day to attract the widest possible audience. Social Internet TV(TM) is waiting for the new generation of car sales leaders to change the way cars are sold," Kanakaris concluded.
Wi-Fi TV will be sending reps across the United States to present one-on-one presentations to car dealers that are qualified to own a Wi-Fi TV Channel. Bob Warren and Joe Soto are among the sales execs who will oversee the individualized sales presentations. Wi-Fi TV corporate, including its Chairman Alex Kanakaris, will provide special promotion tied-in to the first car dealer TV stations sold.
About Wi-Fi TV
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. Ownership of Wi-Fi TV Channels are for sale at $25,000 (full details are on the web site www.Wi-FiTV.com). Wi-Fi Tv memberships are free at www.Wi-FiTV.com
The Company was launched in 1995 and has been publicly traded since November 1997, and has been a pioneer in the delivery of video and books over the Internet.
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. Wi-Fi TV and Social Internet TV are trademarks of Wi-Fi TV Inc. and all rights pertaining to these names are reserved. This press release shall not be deemed a general solicitation.
Contact: Colby Marceau (949) 716-9397 Email Contact
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EDXC (.035) Provides XRM Solution to NYSE-Listed Agricultural Concern
Market Wire "US Press Releases "
WARRENTON, VA -- (MARKET WIRE) -- 12/05/06 -- Endexx Corporation (PINKSHEETS: EDXC), a leading provider of web-hosted document management solutions, has been contracted to provide Visual Board Books services to a four-billion-dollar market cap and four-billion-dollar revenue-generating agriculture-based firm. This contract marks the third New York Stock Exchange-listed firm to receive the services provided by Endexx's XRM platform. Endexx's web-hosted, on-demand document management service XRM Technology is now being utilized by six publicly held corporations and one private utility concern.
This contract marks Endexx's first agricultural-based company to utilize the flagship product Visual Board Books document management and corporate communication solution. Endexx's sales and development focus has always been on the Company's XRM Technology Platform, an on-demand transparency and best-practice corporate governance solution, to accommodate mandatory and strict regulatory guidelines placed upon Corporate Executives and Board Members.
This new customer has stated that they will primarily be utilizing the service to manage all their historical data utilized by Management and the Board of Directors. The intuitive nature and easy-to-use format is exactly what the customer stated they were seeking, as well as the competitive pricing. Endexx's CEO, Todd Davis, stated, "XRM's acceptance into the Fortune 500 company market once again validates its necessity; further, we are seeing this application capturing the interest of smaller companies and individuals that simply want to improve their own internal, inter-corporate document management and corporate communication systems to operate more efficiently."
About Endexx and Visual Board Books
"Creating a better experience for corporate governance."
Visual Board Books provides a sensible, secure way to organize and distribute sensitive, secure and critical corporate documents and communications over the Web. Now everybody in an organization has the latest version in real-time, enabling board members to be better prepared for meetings. Visual Board Books provides a robust, secure environment in which to create, deliver, edit, view and review corporate board books. Accessible through Visual Board Books' Executive Dashboard, it also provides a single, intuitive interface in which to communicate and confer with approved parties in a secure, enhanced environment.
As an on-demand web-based solution, Visual Board Books interacts seamlessly with legacy systems to:
-- Streamline a company's entire board experience, giving board members more time to properly review materials, prepare for meetings, and make well- considered decisions; -- Improve communications among board members, as well as with other executives and approved consultants; -- Securely extend access to select documents to approved sources without enabling access to the entire enterprise; -- Provide 24/7/365 access and support, anywhere around the globe.
Safe Harbor Statement
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or 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 Endexx to differ materially from those implied or expressed by such forward-looking statements. Additional information on these and other factors may be included on future 10-Q and 10-K reports. This press release speaks as of the date first set forth above, and Endexx assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.
Contact: Todd Davis CEO Email Contact 480-595-6900
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VYST (.084) Enters Phase II of Integrating Nuclear Radiation Sensor Technology With SecureScan
Market Wire "US Press Releases "
BALTIMORE, MD -- (MARKET WIRE) -- 12/05/06 -- View Systems, Inc. (OTCBB: VYST), a leading homeland defense solutions provider, announced today that the firm has entered into Phase II to integrate the Nuclear Radiation Sensor capability into the SecureScan Concealed Weapons Detection Portal. When complete, this integration will improve and enhance the SecureScan Concealed Weapons Detection Portal by broadening its detection capabilities to include nuclear radiation as well as magnetic sensing. The system implementation will provide an autonomous, traceable, and secure method of detecting radioactive materials within an environment or on or in a person.
View Systems announced in April of 2006 the commencement of a Cooperative Research and Development Agreement (CRADA) with Battelle Energy Alliance, LLC under contract to the US Department of Energy to market this Nuclear Radiation Sensor Technology. The technology is designed to be used by the Department of Homeland Security, port security, Special Forces, and private security personnel to interdict and prevent a nuclear or radiological attack on the United States.
According to an article in Scientific American, "More than 50 tons of HEU [highly enriched uranium] are in civilian use around the globe to support about 140 reactors employed to conduct scientific or industrial research or to produce radioactive isotopes for medical purposes. These sites are often located in urban areas and are minimally protected by security systems and guards... Improving security is essential" (Glaser & von Hippel, 2006). By incorporating this technology into the existing magnetic sensors of the SecureScan portal, View Systems can help prevent the unauthorized use of radioactive isotopes by intercepting them before they have the opportunity to be destructive.
View Systems' CEO, Gunther Than, states, "We are pleased to enter into phase two of this intricate process. The sensors simultaneously detect neutron and gamma radiation emitted by lethal nuclear devices or radioactive isotopes that could be dispersed by less sophisticated explosives such as those in a 'dirty bomb.' We intend to integrate this sensor technology with our other products in the near future. With this equipment, we can detect the movement of nuclear material on or by a person. We plan to release this into the market in early 2007."
About View Systems, Inc.
View Systems, Inc. provides security and surveillance products to law enforcement facilities such as correctional institutions as well as to government agencies, schools, courthouses, event and sports venues, the military, and commercial businesses. View Systems' headline products include the SecureScan concealed weapons detection (CWD) portal system with biometric capabilities and positive ID verification, as well the VFR Visual First Responder camera system geared toward emergency first responders which won the coveted R&D 100 Award.
Forward-Looking Statements
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
The Riderwood Group Incorporated Mitchell Fillet President 410-825-5445 www.riderwood.com Posted by J_U_ICE on :
HMGP .025
New Well Development on Western Humboldt-Chanute Oilfield Hemi Energy Group, Inc. (Pink Sheets HMGP) In 2006 there were 25 newly drilled wells producing oil within approximately a three mile radius of Hemi's leases in Woodson County, KS. These new wells are on the same 150 thousand acre Humboldt-Chanute oilfield geological structure as Hemi's five leases, totaling over 3 square miles. These new wells have flushed-in at 40-100 bbls a day. All of these new wells have been drilled on mature oilfields that currently have re-worked and/or producing old wells on the leases. A major reason why as much as 75% of the oil reserves has remained un-produced in these mature fields is due to the fact that these wells were drilled using less advanced technologies than those available today. This Humboldt-Chanute oilfield with a shallow sandstone (squirrel) and dolomite formation (Mississippian) in southeast Kansas, presents itself as probably one of the best candidates for secondary oil recovery, using pressure water flooding or enhanced oil recovery production (EOR), in all of the domestic United States. The value of the Hemi Energy leases are benefiting from the increasing trend of new producing wells and prove-up of oil reserves near the company's leased area in Woodson County. Partly based on this information, Hemi Energy will start developing the proven oil fields in their Kansas leases by drilling new wells in the spring of 2007.
Hemi has now established a base-line of oil production from the re-worked wells in Woodson County, Kansas, which comprise approximately 30 percent of the total wells located in the leased area. For the month of November, the company completed four shipments of 180 bbl each. Cash flow from oil production will, therefore, be more than sufficient to allow the company to complete the re-working of all its remaining wells in 2007.
About Hemi
Hemi Energy Group is an independent crude oil and natural gas producer employing a unique business model capitalizing on technological advances to exploit mature fields with millions of barrels of proven oil remaining in the ground. Using attractive lease/royalty packages, Hemi has secured, in its history, tens of thousands of acres of productive domestic projects. The company's forward-thinking strategy has placed it in an enviable position at a time when prices and global demand for oil continue to rise.
Building on decades of experience in enhanced oil recovery, Hemi has successfully amassed a substantial and attractive portfolio of these high-quality domestic properties. By streamlining operations through cutting-edge technologies, Hemi has the ability to operate more effectively and efficiently than larger oil companies.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Stock Information Systems, Inc. James McBeth, 801-568-1873
Source: Business Wire (November 29, 2006 - 9:03 AM EST)
Eight Wells Now Pumping on Allenergy's Ball Lease Property in Kansas COFFEYVILLE, Kan., Dec. 5 /PRNewswire-FirstCall/ -- Allenergy, Inc. (OTC: ALRY), with a 17-year history in the oil and gas industry and current involvement in the multi-billion dollar natural gas fields in Kansas and Oklahoma, announced today that it has equipped and put on pump eight of the 26 existing wells on its Ball Lease property, part of the Company's 960-acre AE Project Four. Allenergy plans to have two additional wells pumping before the end of 2006, weather permitting.
'Six of the eight wells are in the de-watering process, which should take about 30 days before the bulk of the natural gas in the formation will become marketable,' said Company President Larry Sanford. 'The remaining two wells have flushed 700 barrels of oil before each one settled down to five barrels of oil per day, along with 40,000 cubic feet per day of natural gas,' he added.
'The Ball Leasehold was producing about 160,000 cubic feet per day of gas from three wells before it was shut in about 15 years ago due to unfavorable gas prices,' Sanford stated. 'After additional selected wells are put on pump, the Company believes that the Ball Lease has the potential to produce 15 barrels of oil per day, and 250,000 cubic feet per day of gas.'
As previously announced by Allenergy, the Ball Lease property is adjoined to the south by the Dark Treasures Lease, containing 960 acres. The Company is currently conducting due diligence on potentially acquiring Dark Treasures, which would strengthen and consolidate Allenergy's existing properties and holdings in Chautauqua County, Southeastern Kansas.
PLNI (.0008) Wholly Owned Subsidiary, Pro Mold, Inc., Implements Cost Reduction Program
Market Wire "US Press Releases "
LEXINGTON, KY -- (MARKET WIRE) -- 12/05/06 -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company's wholly owned subsidiary, Pro Mold has implemented a cost reduction program set in place by the management team at Pro Mold. The cost reduction plan may result in anticipated annual savings of approximately $500,000 a year under current projections.
The Company is currently planning to focus the cost reduction program on reducing labor and re-aligning production schedules. The management team will also focus on the introduction of lean manufacturing principles and techniques and the implementation of a 5S program. Lean manufacturing can improve material handling, inventory, quality, scheduling, personnel and customer satisfaction.
"This is another step toward enhancing Plasticon International, Inc.'s performance. We plan to continue to maximize efficiency at every opportunity. By implementing this program, we anticipate that quality will improve and production time and costs may be reduced," stated Jim Turek, CEO and President of Plasticon International, Inc.
Plasticon International, Inc. recently announced that the Company's wholly owned subsidiary, Pro Mold has recently leased an additional 15,000 sq. ft. warehouse. The new warehouse is located within a mile of the Company's manufacturing facility in St. Louis, MO. The warehouse contains Pro Mold's inventory that is valued at approximately $360,000.
About Plasticon International, Inc.:
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green company, environmentally friendly, using recycled plastics to produce its line of products.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR ABILITY TO ACHIEVE COST REDUCTIONS, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Contact: For more information: Investor Relations 1-866-THE-APPL(E) http://www.plasticonintl.com Posted by J_U_ICE on :
BLDH (.25) Enters Into Global Distribution Agreement and Launches New Web Site
Business Wire "US Press Releases "
SWEETWATER, Texas--(BUSINESS WIRE)--
Bloodhound Search Technologies (OTC:BLDH) is pleased to announce they have formed a marketing alliance with Gaming Solutions International, LLC. Gaming Solutions International is a provider of interactive content to many leading online media groups, and will now begin introducing the Bloodhound Search products to their media partners.
"Gaming Solutions International has a proven track record of establishing online content partnerships with leading web properties and media groups. We are excited to be working with them and look forward to having our proprietary product line introduced to their partners," said Brian Bickford, CEO of Bloodhound Search Technologies. "Gaming Solutions International has a proven track record of providing their content partners with innovative online content that drives traffic, user satisfaction and revenues. We feel the Bloodhound Search products will be a natural fit for many of their clients," added Bickford.
Gaming Solutions International currently provides patent-pending interactive data modules in the areas of lottery results and horoscope to many online media properties. Current partners include AOL, MSNBC, ABC Television, NBC Television, CBS Radio, Telemundo, USA TODAY, Washington Post, AT&T, Bell South, AccuWeather, Boston Herald, Chicago Tribune, Baltimore Sun, Orlando Sentinel, Florida Sun Sentinel, AOL Latino, Media General, and others.
"The Bloodhound Search products are unique to the marketplace. They clearly offer a search technology that is needed, and that will drive revenues and user satisfaction for online properties. We see their product line as a natural extension of our core business model, which is to offer our content partners turnkey online solutions that will improve their online business by increasing traffic, user experience, and revenues," said John Brier, Managing Partner of Gaming Solutions International.
The Corporation is also pleased to announce that it has today launched a new website for the communication of corporate and product development activities. The designated address is: www.BloodhoundSearch.com. The website will contain current information relative to Corporation's innovative products, access to user search portals, corporate and financial structure, news releases, and other information of concern to the interactive and investment communities.
About Bloodhound Search Technologies, Inc. (OTC:BLDH)
Bloodhound Search Technologies, Inc. is a search engine technology innovator licensed with a proprietary search engine technology predominantly utilizing key word criteria to filter the web to bring back just the terms, pages, links and urls that are most relevant and direct to a user's personal requirements. Once deployed, it is dynamic and is in operation 24/7 in real time. The Company offers three products to include dynamically generated personalized portals, enterprise portals and content feeds, each with incensing and revenue share options. For more information visit their corporate web site at www.BloodhoundSearch.com
About Gaming Solutions International, LLC:
Gaming Solutions International, LLC, is a Pensacola, FL based technology company that produces patent-pending interactive lottery and horoscope data for online media properties, to include newspapers, television stations, radio stations, portals, and news and information web sites. Multi-lingual lottery data coverage includes all state and government sponsored lotteries in the United States, Canada, the U.K., and Ireland. Content partners include AOL, MSNBC, ABC Television, NBC television, CBS Radio, Telemundo, AT&T, USA TODAY, Washington Post, Clear Channel Television, Compuserve, Bell South, AccuWeather, The Baltimore Sun, The Chicago Tribune, The Orlando Sentinel, The Boston Herald, and many others. For more information visit their corporate web site at www.LottoFactor.com
Source: Bloodhound Search Technologies, Inc.
Posted by J_U_ICE on :
CKYS (.032) Launches "Name the Mascot" Contest as It Continues to Expand Its Marketing Reach Worldwide
Market Wire "US Press Releases "
ST. GEORGE, UT -- (MARKET WIRE) -- 12/05/06 -- CyberKey Solutions, Inc. (PINKSHEETS: CKYS) is pleased to announce that they have launched a "Name the Mascot" competition, in response to shareholder recommendations as a means to better brand and market the company's KeepSafe 2.0. The winner of the naming contest will receive a free Keepsafe 2.0. CyberKey Solutions, Inc. has created a new "mascot" for the Company, and would like to invite company customers, shareholders and the investment community to participate in a contest to name him.
CyberKey Solutions, Inc. is embarking on a new project to brand CyberKey worldwide and market the products and solutions that provide "Secure Content Anytime Anywhere." This is in conjunction with the recent launch of a television commercial that starts today on a number of networks.
"I am inspired by the overwhelming support the Company has received in response to the company's 'Reach Out Program.' I want our shareholders and the investment community to understand that we are listening to their suggestions, and that our team is working very hard to implement strategies that will expand upon the successes we are already attaining," stated Jim Plant, CEO of CyberKey Solutions, Inc.
CyberKey Solutions, Inc. is currently fulfilling a $25 Million purchase order to various segments of the U.S. Government. CyberKey Solutions, Inc., based in St. George, Utah, partners with industry leading manufacturers and distributors to deliver secure USB drive based solutions to vertical markets and content owners, service providers and resellers. CyberKey's solutions solve real world issues in the entertainment, education, government, military, automotive, financial services and medical industries. CyberKey Solutions' technologies allow users to securely transfer large amounts of data, files and applications software from one electronic device to another while employing a patent pending USB-based Digital Rights Management process. CyberKey's solutions create new opportunities for existing industries and applications. For more information, please visit CyberKey's website at http://www.cyberkeysolutions.com.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
PAIM (.0012) Issues an Update Report on Its Gold Production, Gold Vanity Card, and Shares the Spirit and Joy of Giving This Holiday Season to the Host Communities
Business Wire "US Press Releases "
MANILA, Philippines--(BUSINESS WIRE)--
Pearl Asian Mining Industries: Stock SYMBOLS: U.S.A. (OTC:PAIM): German (GER:R1Z) and (FWB:R1Z) issues the following update on its Philippine operations.
The Gold Team of Pearl Asian & its manpower complement of Higaonon tribesmen continue to work hard and exert its best efforts to produce up to 10 metric tons of gold concentrates at Project Cagayan de Oro. These gold concentrates will be sent to China National Gold Corp. (CNGC) for its smelting and final refining to 99999% purity, at most. In addition, Pearl Asian has also programmed for a substantial percentage of its gold sales to be sourced from its gold-trading operation, wherein the company will buy gold from the gold-rich areas in the country.
Pearl Asian Mining had encountered various factors that have caused actual results to differ materially from those anticipated results. These include risks and uncertainties such as: mining and development risks; the risk of transporting the commodity from the mine site; security, political and regulatory risks as well as the effect of the weather conditions. However, Pearl Asian is still on course to serve the requirements of its buyer, WIET LLC. As per the former's Memorandum of Agreement to sell a minimum of 10 metric tons of pure gold to the latter. The 10 Metric tons of pure gold having at least a 99999% purity will be worth an estimated gross value of more than USD $192 Million based on the current gold market price of at least $600.00 USD per ounce (10 metric tons=10,000,000 grams=321,543 ounces). In particular, Pearl Asian plans to make its first delivery by the 1st quarter of 2007. This delivery schedule also holds true for PAIM's Gold Vanity Card (50 mg weight of 99999% purity). CNGC has advised its willingness to assist Pearl Asian in its development and production of the Vanity Gold Card in partnership with Pearl Asian Mining Industries, Inc. The selling price of each app. 50 mg weight of card is estimated to be worth at least $2,000.00 plus shipping and handling. The first 100 serial numbers and special serial number combinations sold as limited edition will bear a higher price tag.
On the other hand, Pearl Asian continues to bring good tidings and cheer this Holiday Season in the area that covers 4 small remote communities adjacent to the Binasan gold mine site. Pearl Asian is doing the finishing touches in the construction of its very own Community Hospital & Healing Centers located near the mine site. As Pearl Asian is bringing in a USA Team of Medical Volunteers composed of 2 doctors and 2 Nurses on Dec. 10th to begin its first initial medical service-outreach program for the people in the mine site and its nearby communities. The Meditation Center, the Medical Missionaries Quarters and Learning Center are in its final stages of construction together with the development of additional 20 kms of access roads from the main highway of Iligan City to the mine site. All of these were made possible through the generosity of several very special investors: ANANYMOUS Foundation, LLG Foundation, Musich Family Trust, GPI Family Trust & Bosaw Family, as well as several shareholders. Pearl Asian wishes to thank all these US Medical Volunteers and Missionaries together with the Pearl Asian Gold Team and the KAHIB Members in making this 2006 Spirit of Giving a success!
FORWARD STATEMENTS:
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.
Source: Pearl Asian Mining Industries Inc. - Philippines
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NEW YORK, NY -- (MARKET WIRE) -- 12/05/06 -- Global Diamond Exchange Inc. (PINKSHEETS: GBDX) has filed with the Secretary of State of Nevada a restructuring of the corporate stock. When Global Diamond Exchange merged with World Wide Cannery and Distribution, the Authorized Share count was 7 billion shares of Common Stock. It was never Global's intention to have that many shares authorized and management has filed papers lowering that amount to 975 million total shares. The State of Nevada has approved this measure, and it can be viewed on the State of Nevada government website.
The new share structure will break down accordingly: 900 million shares of Common Stock, 25 million shares of Preferred Class A Stock, and 50 million Preferred Class B Stock. Management intends to utilize preferred shares for acquisition and expansion rather than common stock.
Furthermore, company management will look to prevent dilution as a protection for its company and shareholders. Additional share reductions are being examined, and may occur in the near future as the company mulls over retiring some more outstanding common stock.
About Global Diamond Exchange:
Global Diamond Exchange originally opened their office on 2 West 46th street in the heart of the New York's Diamond District. After several years of operation at their New York office the company decided to shut down the operation due to low pricing and soft demand in North America. The company concentrated its efforts on exporting cut diamonds from the Russia Federation and European locations. The new company has reopened its sales offices in the original building ready to take on the increased demand for fine quality diamonds.
NOTE: Safe Harbor for Forward-Looking Statements.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Contact: Alex Livak 347-813-4664 Email: Email Contact www.fortuneir.com Posted by J_U_ICE on :
CNCN (.165) Subsidiary, Phoenix Semiconductor and Telecommunication (Suzhou) Co., Ltd (PSTS), Signs Contract with Samsung Electronic LCD (Suzhou) Co. to Provide LCD TV Source
Business Wire "US Press Releases "
LOUISVILLE, Ky.--(BUSINESS WIRE)--
CinTel Corp. (CinTel) (OTCBB: CNCN), Korea's top Internet traffic management (ITM) solution provider, is pleased to announce that its subsidiary Phoenix Semiconductor and Telecommunication (Suzhou) Co., Ltd ("PSTS") entered into a contract with Samsung Electronics LCD (Suzhou) (SELS) in November 2006 to provide LCD TV sources. Prior to this contract, PSTS supplied the LCD TV source indirectly through a 3rd party and will now be a direct vendor to Samsung. PSTS expects to see stable orders and growing sales through this new contract. Minimum order requirements under this contract are 1.2 million units annually and mass production has begun as of November 2006. PSTS expects this will contribute to significant sales starting from the first quarter of 2007, and anticipates the contract to result in at least an additional $8M in annual sales.
Products provided under this contract are sources Printed Board Assemblies (PBA) for 17 and 19 inch LCD monitors which are the most widely produced models of Samsung LCD Monitors, and are the main products of SELS. SELS is working to reach production targets in December '06, while sales increased by more than 20% as compared to October, when the product line was still at Samsung Electronics Corporation in Cheon An. PSTS expects to produce more than 2,000,000 products per year in 2007 by increasing the current production capacity, and adding new production models.
Joo Ho Choi, the manager of PSTS, said "We are pleased to secure stable and growing production through this contract. The contract with SELS is a milestone for PSTS and demonstrates our entry into the EMS (Electronic Manufacturing Service) company sector."
Sang-Don Kim, the CEO and President of CinTel said, "PSTS's contract with SELS is quite meaningful to PSTS and CinTel, because SELS represents a world-class customer and sales growth is expected to be explosive. According to our accounting team PSTS's sales in 2006 and the first quarter of 2007 are expected to increase some 430% compared to sales in 2005, when production first commenced, and 2006 will mark a significant inflection point in the corporate lifecycle of PSTS. CinTel is growing into a "Total Solution Enterprise" in the semiconductor sector by continuing investment and consolidating various parts of the industry."
About Phoenix Semiconductor and Telecommunication Suzhou (PSTS) (www.psts.com.cn)
Phoenix Semiconductor and Telecom became a majority-owned subsidiary of CinTel Corp. on October 2006. It was founded by STS Semiconductor and Telecommunication in China in 2004 by acquiring certain parts of the packaging production lines from Samsung Electronics Corporation's China plant (SESS). It began mass production in 2005, and its main customer is Samsung Electronics Corporation, the largest semiconductor manufacturer in the world. PSTS's main products are semiconductor packaging, NAND flash memory and LCD assembly.
About SELS (SAMSUNG ELECTRONICS SUZHOU LCD CO.,LTD)
SELS (SAMSUNG ELECTRONICS SUZHOU LCD CO.,LTD) was a TFT-LCD module specialized assembling company, founded on September 18, 2002 in Suzhou complex with initial investment of three million dollars. It currently produces monitors and laptop TFT-LCD module for 12.1, 14.1, 17 and 19 inches. Its production capacity is 2,000,000 per year, and it started to produce the new 32 inches TFT-LCD TV module in July 2006.
About CinTel Corp.: (www.cintelcorp.net)
While CinTel maintains its position as a leader in Internet Traffic Management (ITM) systems it has also begun expansion into creative new markets and worldwide distribution of Korean based technologies. With its main headquarters in North America, CinTel Corp. provides a range of enterprise technology solutions. Founded in 1997, CinTel introduced Korea's first dynamic server load balancer, which has now evolved into a world-class product line. With its ever expanding solutions with key partners and internal development has created a conglomerate of technology products to include NAND flash memory and LCD assembly, semiconductor packaging and testing specialists, as well as, a total solution provider for memory application for home appliances, semiconductor, TFT-LCD application products. CinTel's award-winning ITM solutions are marketed to customers worldwide, enabling customers to improve Internet and network traffic management, service levels, secure content, user experience, and reduce server loads and bandwidth demands. For additional information, please visit CinTel Corp's website.
Safe-Harbor Statement
This press release may contain statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: CinTel Corp.
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UAMA (.05) Posts Back-to-Back Quarterly Net Profits; Revenues Surpass $10 Million for the First Nine Months of 2006, a 287 Percent Increase from Previous Year
PrimeZone "PrimeZone "
MONTREAL, Dec. 5, 2006 (PRIME NEWSWIRE) -- United American Corporation (OTCBB:UAMA) is pleased to announce that its total revenue reported for the three months ended September 30, 2006 was $6,490,857, a 311% increase from last year. Our total revenue reported for the nine months ended September 30, 2006 was $10,838,193, a 287% increase year-over-year.
Gross profit increased to $658,127, or approximately 10% of sales, for the three months ended September 30, 2006.
The increase in gross profit for the three month period when compared to the same reporting period in the prior fiscal year is attributable to increased sales of termination traffic in our Gabon and Mali networks.
We had net income of $107,562 for the three months ended September 30, 2006, compared to net loss of $293,367 for the same period last year. This three-month period represents the second time since our inception that we have reported a net income, and we have produced these results back-to-back in the second and third quarters of 2006. Net loss for the nine months ended September 30, 2006 was $137,513, compared to a net loss of $1,070,153 for the nine months ended September 30, 2005.
About United American Corporation
United American Corporation is a holding and management company focused on next generation Voice over Internet Protocol (VoIP) based telecommunications. Its operating division, United American Telecom operates an international VoIP settlement and exchange gateway linking Tier 1 and Tier 2 Telecom carriers with the Company's installed gateways in countries such as Mali and Gabon, Africa. The Company recently spun-off its Retail operation TeliPhone(tm) by paying a special stock dividend to shareholders. For more information, visit the company website at http://www.unitedamericancorp.com.
This news release contains forward-looking statements that are subject to various risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors that may be beyond the Company's control. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made, and the Company assumes no obligation to update forward-looking statements should circumstances in management's expectations or opinions change.
CONTACT: United American Corporation Investors Relations (212)738-0009 investorsrelations*unitedamericancorp.com
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CYOS (.005) Re-Affirms Poker Licensing Relationship with Keno.com
Business Wire "US Press Releases "
LONDON--(BUSINESS WIRE)--
CYOP Systems International Inc. (OTCBB:CYOS), a provider of online casino software, is pleased to re-affirm that it will be providing Keno.com Ltd. (Costa Rica) with its RedFeltPoker.com software through a revenue share agreement.
Keno.com (http://keno.com) is now a Costa Rican based private company, and is setting up its new website for a launch in December. CYOP will remain the poker software provider and will work closely with the new Keno.com Ltd. (Costa Rica) and will also provide them with marketing advice and advertising expertise.
Furthermore, CYOP will provide Keno.com with its poker affiliate software. Affiliates are existing qualified online web operators who receive a percentage of the revenues in return for advertising.
Keno.com is a high value site with excellent search engine rankings and gets over 90% of its traffic directly from the typing of the URL. The new Keno.com Ltd. has committed to promotion through a number of vehicles including over 2000 websites on its new advertising network.
Patrick Smyth, CEO of CYOP, commented, "We are excited that Keno.com will continue to use our poker software. They have a database of players that should provide it with a jumpstart that is quite uncommon for new sites in the industry. The key to success in the aggregation of players within an online gaming network is identifying and offering multiple channels to customers who will participate in multiple methodologies of connecting to the network. CYOP is establishing its platform as the most progressive channel offering, and will be granting customers access to the network through a number of sophisticated entry points."
About CYOP
CYOP is a developer and provider of online gaming solutions and services for the iGaming industry. The Company's range of products and services include financial transaction platforms for on-line casinos, online gaming software, gaming websites, poker portals and integrated e-commerce transaction technology for on-line merchants.
This press release may contain forward-looking statements which are pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ materially and all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming, risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on third party software providers, risks relating to international operations, and risks associated with competition.
Play Games. Win Games. Make Money.(TM)
Source: CYOP Systems International Inc.
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PDGT .0045
Paradigm Tactical Products, Inc. Enters into a Strategic Alliance with Athena Police Supply to Significantly Enhance FriskerPRO(R) Sales Paradigm Tactical Products (Other OTC:PDGT.PK - News), a leading provider of non-lethal defense and homeland security solutions to corrections, law enforcement and the security industry, announced today that it has signed a contract with Athena Police Supply to sell the patented FriskerPRO(R) hand worn metal detector.
Athena Police Supply, owned and operated by full time police officers, is located in the thicket of law enforcement agencies including, but not limited to: Lee County, The City of Cape Coral and Fort Myers Police Department. Athena Police Supply's key location, coupled with the owners intensive law enforcement background, is a perfect marriage to introduce the FriskerPRO(R) to this locality. Furthermore, Athena Police Supply combines their expertise in law enforcement with their training in Criminal Justice Standards and Training Commission (CJSTC) allowing them the ability to teach in several high liability areas.
Daniel O'Riordan, President and Chief Executive Officer of Paradigm Tactical Products, said, "Athena Police Supply is a strong liaison between new customers, within and beyond this region, with their ability to effectively communicate the benefits of the FriskerPRO(R) hand worn metal detector. Due to the owner's extensive law enforcement background, Athena Police Supply brings wisdom and skill to the sale of the FriskerPRO(R) and we are proud to have them on our team endorsing our product. The FriskerPRO(R) has continued to make great strides throughout the marketplace, and we believe Athena Police Supply is an ideal candidate to help perpetuate excitement while enhancing the safety of our officers."
Brian Sauls, Owner of Athena Police Supply said, "The addition of the FriskerPRO(R) to our product lines has resulted in a Q3 06 increase in sales of approximately 15% over Q3 05. Early numbers indicate a similar increase for Q4 06 as well. Being a FriskerPRO(R) dealer has allowed us access to previously untapped markets, and has helped increase sales of unrelated items as a result of marketing the FriskerPRO(R). As owner of the company the increased sales and profits prove the FriskerPRO(R) is a good investment. As a law enforcement officer I realize the importance of quality products, any tool that can save your life is a GREAT investment. The FriskerPRO(R) should be in every detention facility and patrol vehicle." For more information, visit: http://www.athenapolicesupply.com/
About Athena Police Supply: Owned and operated by full time police officers, and a full service Military, Police & Public Safety Supply company committed to offering the finest in name brand equipment & supplies at seriously discounted prices and specializes in products for women police officers.
About Paradigm Tactical Products
Paradigm Tactical, based in Georgetown, Massachusetts, is a leading provider of non-lethal defense and homeland security solutions to corrections, law enforcement and security industry. The Company acquired the exclusive transferable license to manufacture, market, and sell the FriskerPRO(R). As the heightened attentiveness to terrorist and other security threats continue to increase, Paradigm Tactical is meeting the higher demand for security and inspection systems. The Company has sold over 3,000 FriskerPRO(R) and is currently used or tested by thirteen Federal departments and agencies, twenty state law enforcement and correctional agencies and eight local agencies. For more information, visit: http://www.paradigmtactical.com/ .
Paradigm Tactical Products Daniel O'Riordan, 866-FRISKER Chief Executive Officer Dano*paradigmtactical.com
Source: Business Wire (December 5, 2006 - 10:03 AM EST)
SMRL (.32) Acquires Sole Ownership of Justice Digital Solutions
Business Wire "US Press Releases "
NORCROSS, Ga.--(BUSINESS WIRE)--
Simtrol, Inc. (OTCBB: SMRL), a leading device control middleware provider, today announced it has acquired 100% ownership of Justice Digital Solutions, LLC (JDS) in an agreement with Integrated Digital Systems, LLC.
JDS develops and sells Curiax Arraigner(TM), a unique digital arraignment software solution that builds on the successful implementation of OakVideo, a CIO Magazine Top 100 Award winning application (www.oakgov.com/about/news/pr_06_94.html) developed by Oakland County, MI. In a technical and licensing relationship with Oakland County, JDS is advancing this application as part of a national rollout in partnership with IBM and Polycom. Curiax Arraigner leverages Simtrol's powerful device control and monitoring middleware and IBM's WebSphere and Rich Content Infrastructure software as part of its solution stack.
In a November 12th editorial in The Oakland Press, Oakland County stated 10,000 warrants have been issued using the solution, resulting in $1.5 million in local police officer time savings. They also estimate savings of $3.9 to $4.0 million per year using the solution for conducting digital arraignments, resulting in the system paying for itself in one to two years. A full text of the editorial is located at www.theoaklandpress.com/stories/111206/opi_2006111228.shtml.
Simtrol's Chief Executive Officer, Rick Egan, commented: "We have examined several vertical markets to leverage Simtrol's core technology and have found a killer application to drive significant revenue. Based on Oakland County's strong return on investment and the scalability of our Curiax(TM) software, each of the nation's 3,143 counties is a potential customer. Varying with county populations, Curiax solutions - consisting of hardware, software and services - will cost between $250,000 and $6 million and be implemented by our channel partners. This equates to a total market size of approximately $3 billion for digital arraignment products, of which $1 billion is software. In a post-September 11th world where our law enforcement officials are directed to do increasingly more to protect citizens, Curiax allows redeployment of officers to street duty to increase first responder capabilities, while providing an average return on investment of 12 to 18 months. This is a powerful combination of customer and cost benefits for this multibillion dollar market."
In addition to the rapid redeployment of police officers, JDS customers will experience numerous other benefits similar to Oakland County including: increased safety at courts, jails, and holding cells by virtually eliminating offender transport, with a corresponding reduction in potential liability; demonstrable return on investment for counties by reducing costs of incarceration, transportation, and payroll costs; and, increased productivity by enabling law enforcement agencies to prepare booking documents online and create digital case files on a central server.
The company also announced it has hired Stephen J. Kale as the Chief Legal Officer of JDS. Mr. Kale is a graduate of the University of Michigan Law School with 28 years experience as a practicing attorney. Mr. Kale has maintained a private practice for the past 15 years in addition to his role as a consultant for program design and interface to law enforcement, prosecutorial and court personnel for Oakland County's OakVideo project.
Mr. Egan stated: "We are thrilled to have Steve join our team because his unique law and technology background made him a great fit for Oakland County's OakVideo project. This experience will be invaluable to JDS as we rapidly advance our software and channel partner program in 2007."
About the Companies
Simtrol, Inc. is headquartered in Atlanta and develops and sells a unique form of device control middleware that ties devices to applications using open standard interfaces. This enables companies to control, monitor, diagnose, schedule and manage devices in a powerful, uniform way. The Company's products are used in a number of vertical markets including healthcare, law enforcement, digital signage, education, corporate, hospitality and residential. Simtrol sells to a number of Fortune 1000 corporations, government entities, educational systems and other end users through professional system integrators, value added resellers (VARs) and other distributors who are supported by the Company's sales and technical support staff. For more information about Simtrol, please visit www.simtrol.com.
Justice Digital Solutions develops and sells Curiax(TM), a digital judicial arraignment solution based on the success of a deployment in Oakland County, Michigan. In a unique technical and licensing relationship with Oakland County, JDS is advancing this application as part of a comprehensive digital arraignment solution. JDS markets to county governments in the United States and foreign governments around the world. For more information about Justice Digital Solutions, please visit www.justicedigital.com.
The digital arraignment platform was developed to avoid the dangerous and costly logistical problems associated with the transport of prisoners and the overcrowding of court dockets. By integrating multipoint videoconferencing, digital document management, digital signatures and evidence into a unified platform, the solution substantially reduces the time and money associated with transporting prisoners to and from court for arraignments, while significantly improving court security and lowering law enforcement costs.
Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; (iv) the Company's new or future product offerings. The words "may," "would," "could," "will," "expect," "estimate," "anticipate," "believe," "intend," "plans," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are liquidity and other capital resources issues, fluctuations in its quarterly results, competition and the other factors discussed in detail in the Company's filings with the Securities and Exchange Commission.
ONGOER is a trademark of Simtrol. Curiax and Curiax Arraigner are trademarks of Justice Digital Solutions, LLC. All other brands, logos, products or company names are the copyrights and/or trademarks of their respective holders.
Source: Simtrol, Inc.
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USSE (.285) Company to Offer Green Power at Substantial Discounts NATCHEZ, MS -- (MARKET WIRE) -- December 05, 2006 -- U.S. Sustainable Energy Corp. (PINKSHEETS: USSE) announced today that it has requested a beneficial stockholder ownership list at the close of business Friday Dec. 1st, 2006. All owners of USSE stock as of Friday Dec 1st, 2006 will automatically be issued on a one-for-one basis one share of USSE's subsidiary company Sustainable Power Corp. (SPC) USSE has been exploring the numerous various vehicles available to make this distribution as well as regulatory filings needed to register the common shares that will be distributed to the stockholders. USSE will be updating shareholders, brokerage firms, and related entities that hold USSE shares on or about Wednesday January 3, 2007 as to the newly available trading symbol for Sustainable Power Corp., the assigned transfer agent, and other related information pertinent to this issuance.
John Rivera, CEO of USSE, stated, "Sustainable Power Corp. was established earlier this year as a wholly owned subsidiary focused on Green Power generated from the recycled biomass and biofuel waste products from USSE's organic 7-3-7 fertilizer production. We are able to offer Green Power electricity to customers at rates at least 10% less than current market. USSE forecasts an exponential growth in demand for Green Power over the coming years, and maintains the competitive edge of being able to produce extremely low-priced Green Power on demand. Fueling this surging demand for our Green Power is the Resource Conservation and Recovery Act in the US and the Kyoto protocol for the rest of the world. (http://www.eia.doe.gov/oiaf/kyoto/execsum.html)
As previously announced, Mr. Kelmer R. Smith has been appointed as President of Sustainable Power Corp. Mr. Smith formerly served as President of Mississippi operations for IC Thomasson Associates, Inc. (ICT) www.icthomasson.com. Mr. Smith will manage design and construction of future USSEC production and SPC power plants. Mr. Smith is a professional engineer licensed in five states, a Certified Energy Manager (CEM) and Certified Energy Procurement (CEP) Professional. He has over 22 years of diversified engineering and project management experience in the petrochemical, power generation and consulting engineer industries.
About U.S. Sustainable Energy
USSEC holds patent pending technology for a new breakthrough biofuel and carbon based fertilizer. USSEC has successfully demonstrated the most cost effective method of producing biofuel estimated at $.50/gallon according to exhaustive studies and independent Lab confirmation. The company has developed the process, units and catalyst that will transform agricultural biomass into biofuel and fertilizer. This technology offers a solution for foreign oil dependence, balancing industrial and agricultural concerns with environmental issues and stabilizing and eventually reversing global greenhouse gas emissions. USSEC's research and development has successfully demonstrated the core technology in its fully functional facility located in Port Gibson, MS. The company is currently pursuing fully scalable implementation and deployment at further locations. Unlike other biomass gasification, the USSEC process can operate at a variety of scale, converting even waste biomass into fuel and fertilizer. The fuel produced will ultimately be more valuable than ethanol or methanol, and the USSEC process can convert biomass materials at an efficiency that cannot be matched by currently planned operations. In addition, unlike virtually all other approaches for biomass to energy, which deplete soil nutrients, the USSEC process restores and enhances soil mineral and carbon content. As a direct result of this revolutionary approach to integrated energy and fertilizer production from biomass, the USSEC process effectively removes Greenhouse Gases from the atmosphere, and can do so profitably before the value of Green Certificates and Carbon Credits are considered.
For further information on the company, please visit www.ussec.us
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press release and some oral statements are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-Looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-Looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and the Company has no specific intention to update these statements.
MEDIA CONTACT: Kevin A. Mercuri 917-346-9386 kevin*5wpr.com
SOURCE: U.S. Sustainable Energy Corp.
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EGLF (.185) E21 Golf Company Space Shot Shatters NASA Predictions
Market Wire "US Press Releases "
TORONTO -- (MARKET WIRE) -- 12/05/06 -- Element 21 Golf Company ("E21") (OTCBB: EGLF) & Frankfurt (FWB: BJQ) is pleased to report that the golf shot by Mikhail Tyurin off the International Space Station on Thanksgiving Day has exceeded NASA predictions of a 3 day orbit, and continues to extend its record-breaking flight.
The E21 golf ball is one of the smallest objects in orbit around the Earth that is being tracked on a real time basis. The exact location of the ball at any moment can be viewed at http://www.e21.ca/golf_ball_tracking/.
Mikhail, who has only played golf twice in his life, hit the ball using both arms, unlike Alan Shepard's one handed golf shot on the moon. "OK, there it goes," Mr. Tyurin noted with satisfaction. "It went pretty far. It was an excellent shot." By the end the day, the ball will have traveled over 6,000,000 miles. Every additional second of flight adds about 6 miles of distance.
Like many earthbound golf enthusiasts, his tee time was delayed, although it was not due to slow play by a foursome ahead. For nearly an hour, Mr. Tyurin worked on a kink in the cooling line to his makeshift $6 million golf outfit before he was ready to exit the ISS Golf Club house, when notably he spent another 16 minutes setting up the shot and looking around, savoring the moment, waiting to tee off for the first time on the 30 billion dollar driving range. Mikhail Tyurin used a gold-plated E21 six-iron and golf ball. Gold plating was required for the ball to make it highly reflective for laser tracking.
Mikhail may be able to answer your questions about playing golf on the International Space Station. Please address your email to mikhailtyurin*e21golf.com, or visit www.e21golf.com.
The ISS exterior camera used to broadcast the event was not in a position to offer a good view of the event. Additionally, E21's own camera was positioned just behind the tee, and filmed the event, footage of which will be made available through Element 21 Golf Company.
About Element 21 Golf Company:
Element 21 Golf Company is a Delaware company trading on the OTCBB and the Frankfurt Stock Exchange (FWB) with offices in New Jersey, USA and Toronto, Canada. E21 holds the exclusive right to manufacture golf products using its proprietary E21 Scandium Metal Alloy. Simply put, E21 clubs are using next-generation technology that delivers marked improvements in distance, consistency, accuracy and feel over any of the most popular products in the $5.5 billion U.S. golf equipment marketplace.
Based on this superior performance, a number of high profile golf professionals have switched to or have begun testing E21's Eagle One shafts in recent months.
E21 Scandium Metal Alloy is the secret behind this advanced performance. Originally developed for advanced aeronautics in jet fighters such as the MiG, it is 55% lighter and offers a 25% greater strength-to-weight advantage over Titanium alloys, the current standard in the golf equipment industry. E21 Scandium Metal Alloys allows greater freedom to move more weight to the perimeter of the club face in woods and hybrids than any other metal, resulting in a significantly larger sweet spot than any other club head. Additionally, E21 Scandium Metal Alloy shafts are almost perfectly symmetrical at 99.5-99.9%, compared to 60-78% typical in graphite shafts and 80-85% for steel.
E21 Golf - Better Science, Better Performance.
Forward-Looking Statements:
Statements in this release, other than statements of historical fact, may be regarded, in certain instances, as "forward-looking statements" pursuant to Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934, respectively. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties which could cause actual results or events to differ materially from those currently anticipated, including but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting E21 and its business. A number of these risks and uncertainties are described in E21's periodic reports filed with Securities and Exchange Commission. There can be no assurance that such forward-looking statements will ever prove to be accurate and readers should not place undue reliance on any such forward-looking statements contained herein, which speak only as of the date hereof. E21 undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Media members interested in testing shafts or other E21 products for an editorial review or receiving further information please contact:
Element 21 Golf Company Jocelyn Mercer 416-362-2121 jocelyn*e21golf.com
The Media Group Joe Wieczorek or Bart Henyan (847) 956-9090 joe*themediagroupinc.com barthenyan*hotmail.com
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MLHP (.017) Announces a Major Plant Cell Culture Discovery-the Development of Parthenolide-Free Feverfew
Canada NewsWire "All News "
MONTREAL, QC and WILMINGTON, DE, Dec. 5 /CNW Telbec/ - Millenia Hope Biopharma a related company to Millenia Hope Inc. (FRANKFURT: MLF - NASDAQ: OCTBB: MLHP) announced today that it has made a major breakthrough in the cell culture production of Feverfew, a plant whose extracts are used in the cosmetic industry. Feverfew (Tanatecum parthenium) extracts have long been used in natural medicine and the cosmetic industry. However, because of allergic reactions to parthenolide, a major component of the extract, the cosmetic industry has long sought Feverfew extracts that are parthenolide free. Using advanced plant cell culture technologies, Millenia Hope Biopharma has developed a process that produces parthenolide-free extracts. This will make it an ideal ingredient for creams and lotions for the cosmetic industry that focuses on natural plant based ingredients with useful pharmacological properties.
Millenia Hope Biopharma has applied for a patent to protect the industrial process for the production of this novel Feverfew extract. Dr. Bahige M. Baroudy, President and Chief Scientific Officer of Millenia Hope Inc., said, "We are elated that our R&D team was successful in a very short period of time of achieving this milestone of developing an entirely new product. This is a great validation of our Phytomics Technologies. Unlike Feverfew extracts that are obtained directly from plants, our extract is odourless, beige in color and partenolide-free that makes it much more attractive to the cosmetic industry. We have mounted a major endeavour to unravel new properties of our Feverfew extracts. We are confident that this new Feverfew extract will find more applications in the cosmetic industry than already anticipated. Our company and others have been looking for parthenolide-free Feverfew and today's announcement demonstrates our commitment to develop new and practical application of Phytomics, our proprietary plant cell culture platform."
ABOUT MILLENIA HOPE INC & MILLENIA HOPE BIOPHARMA:
Millenia Hope develops innovative treatments and products that enhance the quality of life. We are dedicated to fight major infectious diseases, and promote healthier living. Our team is committed to research and development to deliver on global medical needs and to bring hope through healthcare solutions. Founded in 1997 the company has initially focussed on the need to bring safe and affordable plant based therapies to market for major third world diseases such as malaria and HIV. The first product in this series is Malarex MMH18. Millenia is also pursuing inhibitors of HIV RNase H (patent application pending). Successful development of a drug that targets HIV RNase H will play an important role in the treatment of HIV/AIDS patients who have become resistant to current therapy. www.milleniahope.com
Millenia Hope Biopharma (MHB) a related company to MHI, founded in 2000, is the world's leading bioresearch firm in Phytomic Technologies, commercializing plant cell-based bioprocesses for the discovery, development and production of natural and novel plant-derived products for the pharmaceutical, cosmetic and nutraceutical industries. Avance Pharma has spent over US$25 million in developing its unique proprietary Phytomics Technologies which now belongs to MHB, including the world's largest collection of highly purified phytochemical fractions to be utilized in the pharmaceutical, cosmetic and nutraceutical industry. MHB also provides a plant based drug discovery platform designed for High Throughput Screening and is currently working with a number of leading multinational corporations such as Pierre Fabré Médicaments. www.mh-b.com
SAFE HARBOR STATEMENTS:
Certain statements made in this release may contain language describing the plans, goals, strategies, intentions, forecasts, and expectations of Holley Pharmaceuticals Company Inc. that may be referred to as "forward- looking statements." Several important factors could cause actual results to differ materially from those in such forward-looking statements and Holley Pharmaceuticals Company Inc. could encounter unanticipated obstacles and delays in developing products, services and markets.
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NWOG (.06) Declares That the Company Is on the Final Stage of Purchasing OAO "NK Saratovneftegeofizika"
Market Wire "US Press Releases "
MOSCOW -- (MARKET WIRE) -- 12/05/06 -- The president of North-West Oil Group (PINKSHEETS: NWOG) Mr. Ernest Malyshev declares that the company is on the final stage of purchasing OAO "NK Saratovneftegeofizika", which is oil, gas and condensate producing company located in the lower Volga basin within Saratov area, which is a mature petroleum region of Russia. According to technical opinion OAO "NK Saratovneftegeofizika" has the following total reserves:
The quality of the produced oil from these deposits shall obtain a premium price per barrel and this will economically provide a most efficient return. Natural gas will be exported to the GAZPROM network via a 1.7 km pipeline. In given opinion of experts by investing $ 5-10 million during 3 years, cost of the asset is going to reach $100 million.
The president of the company Mr. Ernest Malyshev connected the appearance of great volume sales of the shares on American market, according Pink Sheets 33,010,412 for the last two days of trading with the information mentioned above. The reason of purchasing the shares is caused by forecasts of significant growth cost of the share in the near future and increase of capitalization, in connection with purchasing of the new assets.
He has also added: "We are sincerely glad, that such great volume sales of the shares presented for last two days, undoubtedly, displays interest of public to the company and to the assets located in Russian Federation. We are extremely afflicted with the mistrust of those investors, who urgently sell out the shares, being blind to the future prospects of growth and development of the company and we welcome investors, who are purchasing the shares and we promise they stay satisfied with this acquisition."
About North-West Oil Group (formerly Nord Oil International)
North-West Oil Group is a non-reporting, publicly traded Oil & Gas company trading under the ticker symbol NWOG on the U.S. Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA. The company presently produces over 120,000 Metric Tons of crude oil yearly.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Maria Romanova North-West Oil Group Tel: +7 495 621 1115 E-Mail: maria*szng.ru Web: www.szng.ru Posted by J_U_ICE on :
SIDY (.045) Third Quarter Revenues Up 34% to $1.49M, Nine-Month Revenue Up 29% to $4.18M
PR Newswire "US Press Releases "
PENNSAUKEN, N.J., Dec. 5 /PRNewswire-FirstCall/ -- Science Dynamics Corporation (OTC Bulletin Board: SIDY), a provider of advanced technological solutions to key government agencies and enterprise customers, announced today that its revenue in the third quarter ended September 30, 2006 increased 34% to $1.49 million, compared to $1.12 million in third quarter of 2005. Total revenues for the nine months ended September 30, 2006 increased 29% to $4,179,360, compared to $3,248,699 for the nine months ended September 30, 2005.
Third quarter revenues in the company's product segment increased by approximately $60,000 over the same period last year, or 22%, to $333,000. Third quarter service revenues increased $315,000, or 37%, to $1,162,000 year over year. Nine-month revenues in the company's product segment were $1,135,000, an increase of 10%, or approximately $107,000, compared to the same period last year. Nine-month service revenues were $3,045,000, an increase of $825,000, or 37%, year over year. The increase in service revenue for both the three and nine months ended September 30, 2006 included approximately $220,000 in revenue from Ricciardi Technologies Inc. (RTI), which was acquired on September 19, 2006 and is included in the company's revenues for only a partial month. Gross margin for the quarter improved to 57.3% from 42.9% in the comparable period a year ago. Gross margin for the nine-month period improved to 56.2% from 50.4% in the comparable period of 2005. This increase was driven primarily by an improvement in the gross margin for the services segment.
The company had operating income of $92,000 for the third quarter of 2006, compared with an operating loss of $293,000 for the comparable period of 2005. For the nine-month period in 2006, the company had operating income of $303,000, compared to an operating loss of $617,000 for the comparable period in 2005.
The company's operating income reflects non-cash depreciation and amortization expenses, which are included in selling, general and administrative expenses. Although operating income, adjusted by adding back non-cash depreciation and amortization expenses, is a non-GAAP performance measure, the company believes that it is a meaningful measure of its operations. This adjusted operating income was $148,000 for the third quarter of 2006, compared with an operating loss of $262,000 for the third quarter of 2005, and $508,000 for the nine months ended September 30, 2006, compared with an operating loss of $526,000 for the comparable period of 2005.
The company incurred a $16.9 million derivative expense associated with an instrument sold in the company's financing with Barron Partners for both the three and nine months ended September 30, 3006. As a result, the company incurred a net loss for the quarter of $17.3 million, or $0.14 per share (basic and diluted), compared to net income of $194,728, or less than $0.01 per share (basic and diluted) for the third quarter of 2005. For the nine- month period, the company sustained a net loss of $17.3 million, or $0.17 per share (basic and diluted), as contrasted with a loss of $723,000, or $0.01 per share (basic and diluted) for the nine months ended September 30, 2005. The net income (loss) for the three and nine months ended September 30, 2005 has been restated to correct the accounting for derivative financial instruments to conform to the requirements of Statements of Financial Accounting Standards.
CEO Paul Burgess said, "During the quarter, we issued to Barron Partners a convertible note in the principal amount of $4.5 million and warrants to purchase 125 million shares at $0.05 per share and 125 million shares at $0.125 per share, which enabled us to acquire RTI and accelerate our operational momentum. We realized a revenue contribution from RTI in the third quarter of 2006 despite closing on that acquisition only two weeks prior to the quarter's end. This private placement, while providing us with the funds to make the RTI acquisition, also resulted in a non-cash $16.9 million derivative expense which impacted our net income in the three and nine months ended September 30, 2006.
"The success of our strategy to become a solutions provider continues to be evident in our segment results. We were also able to boost gross margins significantly in the quarter and further decreased our SG&A expenses as a percent of revenues," Burgess said.
Chief Financial Officer Joe Noto said, "Gross profit for the third quarter was $856,174, an increase of 78% from 2005. Our overall gross margin percentage increased significantly over the period a year ago as we shifted toward higher-margin fixed price contracts in our services segment and successfully coupled application development with product sales. We believe our third quarter income from operations reflects our ability to scale and control costs as we expand our existing contracts."
A copy of the financial statements follows.
About Science Dynamics Corporation
Science Dynamics Corporation (SciDyn) is a provider of advanced information and communications technology to the government and commercial markets. The company's technology services division designs, deploys and manages advanced technological solutions at key government agencies and mid- to large-sized enterprises. SciDyn's technology products division consists of several core proprietary platforms used to develop customized software applications with military grade security in multiple vertical markets. For more information, visit http://www.scidyn.com.
For investor relations information regarding Science Dynamics, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info*hawkassociates.com. An online investor relations kit including copies of press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com.
Forward-Looking Statements: Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about Science Dynamics' business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those risks discussed from time to time in the company's filings with the Securities and Exchange Commission, including the Risk Factors in the Form 10-K for the year ended December 31, 2005 and Management's Discussion and Analysis of Financial Condition and Results of Operations included in the Form 10-K for the year ended December 31, 2005 and the Form 10-Q for the quarter ended September 30, 2006. In addition, general industry and market conditions and growth rates, and general economic conditions and competitive conditions, particularly those relating to the our working capital and the market for our products and services and our dependence on government and government-related business, regulatory matters and other factors could affect such statements. Any forward-looking statement speaks only as of the date on which they are made, and the company does not undertake any obligation to update any forward- looking statement to reflect events or circumstances after the date of this release.
SCIENCE DYNAMICS CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS
September 30, December 31, 2006 2005 Unaudited Audited ----------- ----------- ASSETS Current assets: Cash and cash equivalents $392,406 $53,997 Accounts receivable - trade 1,788,608 706,255 Inventories 86,006 6,049 Other current assets 965,776 190,581 ----------- ----------- Total current assets 3,232,796 956,882 ----------- ----------- Property and equipment, net 1,698 35,279 Goodwill 9,043,302 2,063,833 Other Intangibles, net 907,040 1,077,110 Other assets 122,779 19,213 ----------- ----------- Total assets $ 13,307,615 $4,152,317 =========== =========== LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) Current liabilities: Customer deposits $15,000 $150,199 Accounts payable 680,863 986,505 Accrued expenses 972,720 1,084,555 Deferred revenue 137,493 -- Current maturities notes payable 1,794,775 2,667,942 Derivative liability 23,028,141 462,462 ----------- ----------- Total current liabilities 26,628,992 5,351,663
Minority Interest 108,554 78,316
Shareholders' equity - (Deficit) Preferred stock - .01 par value 10,000,000 shares authorized -- -- No shares issued Common stock - .01 par value, 200,000,000 shares authorized, 167,106,567 and 89,841,498 issued 166,980,767 and 89,715,698 outstanding in 2006 and 2005 respectively 1,671,066 898,415
Additional paid-in capital 23,205,643 18,800,980
(Deficit) (37,908,807) (20,579,224) ----------- ----------- (13,032,098) (879,829) Common stock held in treasury, at cost (397,833) (397,833) ----------- ----------- Total shareholders' equity (deficit) (13,429,931) (1,277,662) ----------- ----------- Total liabilities and shareholders' equity $ 13,307,615 $4,152,317 =========== ===========
SCIENCE DYNAMICS CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
Nine Months Ended Three Months Ended September 30, September 30, 2006 2005 2006 2005 "As Restated" "As Restated" Sales - Technology Products $1,134,690 $1,027,779 $332,804 $272,565 Sales - Technology Services 3,044,670 2,220,920 1,161,995 846,570 ---------- ---------- ---------- ---------- Total Sales 4,179,360 3,248,699 1,494,799 1,119,135
Cost of Sales - Technology Products 400,253 334,663 130,433 120,657 Cost of Sales - Technology Services 1,432,116 1,277,563 508,192 517,322 ---------- ---------- ---------- ---------- Total Cost of Sales: 1,832,369 1,612,226 638,625 637,979
Total Gross Profit 2,346,991 1,636,473 856,174 481,156
Operating Expenses: Research and development 327,474 323,063 109,205 127,097 Selling, general and administrative 1,716,505 1,930,264 655,309 647,085 ---------- ---------- ---------- ---------- 2,043,979 2,253,327 764,514 774,182
Operating income (Loss) before other income (expenses) 303,012 (616,854) 91,660 (293,026)
Other income (expenses): Interest expense (409,510) (373,727) (144,756) (148,599) Settlement of events of default -- (262,667) -- (120,000) Extinguishment loss (158,266) -- (158,266) -- Derivative income (expense) (16,921,159) 516,661 (16,934,604) 756,353 Other income 13,505 -- -- -- Finance expense (126,927) -- (110,618) -- Minority interest (30,238) 13,717 (16,217) ---------- ---------- ---------- ---------- Total Other Expense (17,632,595) (106,016) (17,364,461) 487,754 ---------- ---------- ---------- ---------- Net(Loss) $(17,329,583) $(722,870)$(17,272,801) $194,728 ---------- ---------- ---------- ---------- Net Loss per Common Share -Basic $(0.17) $(0.01) $(0.14) $0.00 Net Loss per Common Share -Diluted $(0.17) $(0.01) $(0.14) $0.00
Weighted average shares outstanding -Basic 102,351,898 82,537,162 119,628,787 89,016,140 Weighted average shares outstanding -Diluted 102,351,898 82,537,162 119,628,787 92,577,140
SOURCE Science Dynamics Corporation
Posted by J_U_ICE on :
NMKT (.285) CEO Purchased 1 Million Shares on Open Market
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
NewMarket Technology, Inc. (OTCBB:NMKT) today announced the update of its officer and director stock ownership reporting. The filings with the SEC will include the purchase of 1 million shares by the CEO and Chairman, Philip Verges. A letter to shareholders from the Company CEO is included in its entirety below to supplement the required reporting explanation of officer and director ownership.
Dear Fellow Shareholders:
NewMarket has until now hesitated in its issuance of stock to officers and directors, in addition to delaying the initiation of a management and director stock purchase plan. NewMarket has grown rapidly over the last five years and the management team and the makeup of the board have expanded rapidly with several changes along the way. Additionally, the Company has considered a number of capital structure transactions that further impacted potential management and director stock compensation and purchases. The Company is now finalizing its stock compensation plan and moving forward with its management and director stock purchase plan. Accordingly, all appropriate reports are being filed.
Philip Verges Current Stock Ownership from VTI Participation
My current ownership with the exception of my recent purchase is entirely held within VergeTech, Inc. (VTI). VTI received stock through the sale of its assets to NewMarket in 2002. VTI subsequently received more NewMarket stock by providing financing to NewMarket. I am currently the only officer and director of VTI. Accordingly, all VTI ownership is reported under my name as the individual that would vote the rights of the stock. I am a substantial, but minority shareholder of VTI. I have never sold NewMarket stock on VTI's behalf, nor have I sold NewMarket stock on my own behalf.
CEO Purchase of 1 Million Shares
My partners in VTI and myself are the largest beneficial owners of NewMarket stock and arguably the largest investors. Again, all stock owned by the VTI partners has been exchanged in return for cash invested in NewMarket or assets moved into NewMarket. My separate purchase of 1 million shares is part of the management and director stock purchase plan and is also a demonstration of my continued confidence in NewMarket's business plan and prospects for the future.
Expanded Purchase Plans
VTI has a long-term strategy for NewMarket. Accordingly, VTI has no near-term plans to sell NewMarket stock. On the contrary, VTI intends to further invest in NewMarket and anticipates increasing its current ownership position.
The Section 16 reporting requirements include a number of forms to be completed and filed. It is our intention to complete and file all forms prior to our Annual Town Hall Meeting on Thursday December 7th.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT), Cisco Systems (Nasdaq:CSCO), Hyperion Solutions (Nasdaq:HYSL), SAP (NYSE:SAP), Siebel (Nasdaq:ORCL) and Sun Microsystems (Nasdaq:SUNW). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Source: NewMarket Technology, Inc.
Posted by J_U_ICE on :
RXPC (.025) Announces $1 Million Material Contract Signed with Affiliate Biz Club Ltd.
Business Wire "US Press Releases "
WILMINGTON, Del.--(BUSINESS WIRE)--
Rx Processing Corporation (OTC:RXPC) announces a material contract with Affiliate Biz Club Ltd., for an exclusive sales agreement to license our Prescription Medication network in a six state territory. This Strategic move further expands our distribution into the Midwest United States while maintaining our continuing focus on supporting independent pharmacies. This action of selling state affiliate territories in conjunction with Affiliate Biz Club Ltd. allows us to rapidly deploy aspects of our innovative health care network in a relatively short time in furtherance of our support for remaining local re-importation storefronts increased profitability.
Affiliate Biz Club Ltd. gains sole and exclusive rights to license affiliate territory companies within these states. To the benefit of both parties we defined our terms clearly, requiring a minimum licensing fee of $20,000 with affiliates receiving a 15% commission on gross sales and a required minimum yearly sales volume of $200,000 per affiliate.
"I am excited to announce this contract and recognize the benefits of additional distribution outlets to provide prescription medications for Rx Processing Corps's Advocates," stated Peter Fiorillo. "Additionally, Affiliate Biz Club Ltd. and Rx Processing Corp. are in the process of finalizing a significant laboratory services contract, with an anticipated closing date on or before the 10th of December 2006."
O/S: 61,633,577
Float: 21,744,502
Shareholders: 455
Rx Processing Corp. is an innovator in the distribution of pharmaceutical medications and laboratory diagnostics managed at storefront locations with a direct to consumer delivery business model for under and uninsured clients' health care needs. Our technology platform services the needs of U.S. citizens with our secure RxPC advocacy program, independent pharmacy consultant program, and corporate friendly ordering system for laboratory testing and prescription medications through licensed pharmacies in the United States and CLIA-certified patient service centers. The company provides access to FDA approved brand-name and generic medications, thousands of laboratory diagnostics with access to 4,000+ CLIA-certified patient service centers for specimen collection. Rx Processing Corp. estimates that more than 48 million United States citizens would benefit from these company programs.
Safe Harbor Statement
All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including those about the company's future expectations, revenues and earnings, and all other forward-looking statements (i.e. operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.
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