Sona Mobile to Present at Roth Capital Partners 2006 New York Conference NEW YORK, NY -- (MARKET WIRE) -- August 30, 2006 -- Sona Mobile Holdings Corp. (OTCBB: SNMB), a leading provider of wireless software to the financial services, enterprise, entertainment and gaming markets, announced today that Chairman and CEO Shawn Kreloff will be presenting at the Roth Capital Partners 2006 New York Conference being held September 6-7, 2006 at the Westin Times Square.
Mr. Kreloff will be presenting at 12:00 pm ET on Wednesday, September 6, 2006.
Sona Mobile Inc. is a leading provider of secure mobile solutions for gaming and entertainment applications as well as access to financial and enterprise information. Sona's technology delivers a rich client experience without compromising performance or security. Sona's key differentiator is the innovative Sona Wireless Development Platform (SWP) and 3D mobile methodology. The SWP architecture works across a wide range of mobile devices and operating systems, including Research In Motion's BlackBerry® and Microsoft Corp's Windows Mobile® lines, without compromising performance or security. Sona's global strategic alliance with Shuffle Master, Inc. utilizes the SWP to provide users with wireless in-casino gaming.
Founded in 2000, Sona has offices and subsidiaries in the United States, Canada and the United Kingdom. For more information, visit the company Web site at www.sonamobile.com.
Unicorp Announces It Has Begun Operations in Preparation for Drilling Its Mississippi Oil Prospect with Potential Reserves of 130,000 Barrels of Oil 8/30/2006
HOUSTON, Aug 30, 2006 (BUSINESS WIRE) -- Unicorp, Inc. (OTCBB:UCPI) announced today that it has begun operations in preparation for the drilling of its prospect located in Greene County, Mississippi. Drilling is expected to commence within the next two weeks and the well will be drilled to a depth of approximately 6,800 feet to test the Upper Tuscaloosa formation. Unicorp will be the designated operator of the project and has approximately a 60% working interest and a 46.8% net revenue interest.
The Lee Walley Well No. 1 was drilled and plugged and abandoned in 1983. The electric log indicated an apparent oil pay at the top of the Tuscaloosa formation which was confirmed by sidewall cores which indicated a good show of oil. The well lies between the North Sand Hill field to the north and the Flat Branch Field to the south. 80 acres have been leased around the prospect. The Unicorp well will be located approximately 75 feet from the Lee Walley Well No. 1.
Based upon cumulative production figures of similar wells in the North Sand Hill Field and the Flat Branch Field, it is estimated that the Unicorp well could have 130,000 barrels of oil reserves which equates to $9,100,000 in gross production at today's price of $70 per barrel. There is no guarantee that this well will be successful or that these numbers will be achieved due to production and/or price fluctuations. Unicorp's net revenue interest would equate to 46.8% of the gross production.
"If this initial test well is successful we anticipate there to be several other drilling locations in this area," stated Arthur Ley, COO of Unicorp. "Mississippi has not been our core focus but we believe that this represents a low risk opportunity and will continue to seek out other prospects that meet our risk profile."
About Unicorp
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
| IP: Logged |
Delta Oil & Gas Successfully Completes Second Well in Sacramento Basin; Production to Commence Shortly SEATTLE, WA -- (MARKET WIRE) -- August 30, 2006 -- Delta Oil & Gas, Inc. (OTCBB: DOIG) is pleased to announce that drilling of its second well (the "CC-7-2") on its Cache Slough property has now reached total depth and the operator of the well has elected to complete the well based on initial testing. Construction of a pipeline is ongoing with an expected completion date before the end of September 2006. Once this pipeline is completed, both our CC-7-1 and CC-7-2 wells will be tied in to accommodate natural gas production.
Drilling commenced on the first well at Cache Slough (the "CC-7-1") in September 2005 and reached total depth in October 2005. Review of the logs indicated the potential of a new gas discovery and the operator of the well elected to complete the well for testing. The completion and preliminary testing of the well was completed in November 2005 and Delta and its partners in this well elected to tie the well into a nearby pipeline to accommodate potential gas production.
In June 2006 the Department of Water Resources approved our application and gave us a permit to bore underneath a Reclamation Board levee in order to connect our well to a nearby gas sales pipeline. This was the last permit required before we commence construction of the pipeline for the well. The operator is currently in contact with contractors regarding construction of the pipeline which is expected to commence in the immediate future.
The Cache Slough area, covering approximately 825 acres of land, is a prolific natural gas area northeast of Sacramento, California. The property is located next to and partially on one of the largest gas fields in the State of California, the 3.5 trillion cubic feet ("Tcf") Rio Vista gas field. Pipelines located near and within the project area make it relatively easy to transport and sell the natural gas.
Delta Oil & Gas has earned a 12.5% economic interest in both wells. A proposal for the drilling of a third well in this area is expected from the operator within the next 90 days.
About Delta Oil & Gas
Delta Oil & Gas is a growing exploration company focused on developing North American oil and natural gas reserves. The Company's current focus is on the exploration of its land portfolio comprised of working interests in highly prospective acreage in the Southern Alberta Foothills area, its interest in the Cache Slough Project in California, its interest in the Strachan Prospect, its interest in its Mississippi prospect, its newest interest in a horizontal oil well in Saskatchewan and its newest interest in the Owl Creek Prospect in Oklahoma. Delta Oil & Gas is seeking to expand its portfolio to include additional interests in Canada and the USA.
On behalf of the Board of Directors,
DOUGLAS N. BOLEN, B.A., LL.B., President
Safe Harbor Statement
This news release includes statements about expected future events and/or results that are forward looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to time frames, expectations for completion, the analysis of results and the intention to drill. Actual outcomes and the Company's results could differ materially from those in such forward-looking statements. Factors that could cause results to differ materially include general factors that affect all companies that explore for oil and gas, such as the uncertainty of the requirements demanded by environmental agencies, the fact that oil and gas extraction and production is risky, the potential that no commercial quantities of gas are found or recoverable, the price of oil and gas, geological problems that prevent us from reaching drilling targets and specific risks such as the Company's ability to raise financing.
Distributed by Filing Services Canada and retransmitted by Market Wire
Littlefield Corporation Announces Settlement of Collins Litigation 8/30/2006
AUSTIN, Texas, Aug 30, 2006 (BUSINESS WIRE) -- Littlefield Corporation (OTCBB:LTFD) announces that it has settled the Collins litigation. Littlefield will pay to Collins a total of $2,175,000 with an initial payment of $1,025,000 together with 46 monthly payments of $25,000.
This settlement will require an addition to the Company's reserves for legal expenses of approximately $185,000. This expense will be recognized during Q3-2006.
The Collins matter relates to events which took place during the mid-1990s pertaining to video poker. The Company is no longer engaged in video poker in South Carolina and no member of the Company's then senior management or any employee who was in a decision-making capacity is currently employed by the Company. No member of the current senior management was employed by the Company at that time.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
| IP: Logged |
THIS PR WAS BEFORE THE BELL ON WEDNESDAY, BUT MAY NOT HAVE BEEN NOTICED, SO I AM INCLUDING IT...
************************************************** Solitaire Minerals Corp. Commences Geochemical sampling Program at Riou Lake, Athabasca Basin VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- August 30, 2006 -- Solitaire Minerals Corp. (TSX VENTURE: SLT)(PINK SHEETS: SREMF) (the Company) have commenced a comprehensive geochemical sampling program on its Riou Lake property located in the Athabasca Basin of northern Saskatchewan. This program will primarily test for surface evidence of alteration which may be related to uranium mineralization at depth.
Two areas in particular are being targeted:
The first is a seven-kilometer-long section of a prominent escarpment believed to represent a major fault offsetting the Athabasca formations. Outcrop is plentiful along this feature for bedrock sampling. Lines of soil and rock sampling will be run perpendicular to this structure as well.
The second target area is over "Anomaly A", a zone of low resistivity in the sandstone interpreted from the airborne Megatem survey which could represent an alteration halo over mineralization on the unconformity below it.
In addition to the two primary goals, core from a previously drilled diamond drill hole will be geochemically sampled.
This program will be under the general supervision of Jim Kermeen, M.Sc., P.Eng. who is the Qualified Person for this release.
Steven Earle, Ph.D., P.Geol., a geochemist with many years of experience exploring for uranium in the Athabasca Basin with Cameco and its predecessor SMDC, has been retained to design the geochemical program. Dr. Earle is the co-author of a number of papers relating to the alteration halos around Athabasca unconformity-related uranium deposits.
Conventional atomic absorption analytically techniques will be used to assay the surface samples. Also a relatively new method which will test for minute quantities of Soil Gas Hydrocarbons (SGH) has shown promise in the detection of deposits at greater depths than with conventional techniques will be used.
About Solitaire Minerals Corp.
Solitaire Minerals Corp. (TSX VENTURE: SLT) is a diversified junior Canadian mineral exploration company with a specific focus on mineral properties in North America. The Company has assembled a portfolio of precious and base metal exploration prospects in Ontario, Saskatchewan, Alberta, and the North West Territories. Solitaire's Ontario properties in the Red Lake/Birch-Uchi Greenstone Belt include the Baird, Heyson and Chukuni River Prospects, in which the Company has agreements to earn 100% in, but has not yet vested its interest. In addition, the Company has entered into an option agreement with another company, whereby that company may earn up to a 50% interest in the Baird Property. The Company also has an option to earn 100% in the Lateral Lake West property located in the Webb township of Ontario. In Saskatchewan, the Company has signed a purchase agreement to acquire a 100% interest in the Highrock Lake property and a 90% interest in the Riou Lake Property located in the Athabasca Basin. The Company has also acquired the Riou Lake North and South properties in which the company has 100% interest. In Alberta, the Company has purchased the Ravenscrag property in which the Company has 100% interest. In the North West Territories, the Company has purchased the Mystery Island IOCG Property located in the Great Bear Lake area in which the Company has 100% interest.
On Behalf of the Board of Directors
SOLITAIRE MINERALS CORP.
Charles Desjardins, President and Director
Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
| IP: Logged |
C2 Global Technologies Inc. Granted Patent in Hong Kong 8/30/2006
TORONTO, ONTARIO, Aug 30, 2006 (MARKET WIRE via COMTEX News Network) -- C2 Global Technologies Inc. ("C2" or the "Company", formerly Acceris Communications Inc.) (OTCBB: COBT) today announced that it has been granted Hong Kong Patent No. HK1018372 by the Intellectual Property Department of The Hong Kong Special Administrative Region for its patent entitled "Method and Apparatus for Implementing a Computer Network/Internet Telephone System". This patent, effective through October 29, 2016, is equivalent to C2's U.S. Patent No. 6,243,373.
About C2 Global Technologies Inc.
C2's business is focused on licensing its patents, which include two foundational patents in VoIP technology. C2 plans to realize value from its intellectual property by offering licenses to service providers, equipment companies and end-users that are deploying VoIP networks for phone-to-phone communications. For further information, please visit C2's website at www.c-2technologies.com.
Forward-Looking Statements
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
| IP: Logged |
August 30, 2006 04:34 PM US Central Timezone Gensym Announces Restructuring Plan BURLINGTON, Mass.--(BUSINESS WIRE)--Aug. 30, 2006--Gensym Corporation (OTC Bulletin Board: GNSME), a leading provider of rule engine software for mission-critical solutions, today announced a restructuring plan intended to reduce costs and return the company to sustained profitability. Gensym will focus its efforts and resources on enhancing its core products and services and continuing to provide superior value for its worldwide customer base.
The restructuring plan, which involves a reduction in workforce and consolidation of offices, is being implemented in response to Gensym's recent operating losses and its renewed focus on core products and services. Gensym intends to reduce its workforce by 15 employees, or approximately 20 percent of its regular full-time staff, and to close two sales offices. The reduction in workforce is expected to occur immediately, and Gensym expects the office closures to occur by the end of 2006. These workforce reductions are in addition to the management changes previously announced by Gensym on July 27 and August 6, 2006.
Gensym expects to incur charges relating to the restructuring plan of approximately $400,000, the majority of which relates to employee severance payments. All of these charges will result in cash expenditure, of which Gensym expects approximately $215,000 will be incurred in the current quarter and the remainder will be incurred in the fourth quarter of 2006.
"These actions are necessary to set the stage for Gensym's return to profitability and also provide better focus on our core G2 product enhancements and support," said Robert Ashton, Gensym's interim president and chief executive officer. "We will continue to focus on the success of our large international base of customers and partners."
Gensym also announced that the previously disclosed investigation by its Audit Committee of the accounting for certain software license and service agreement transactions entered into during fiscal years 2004 and 2005 is continuing. Until the investigation is complete, Gensym will not be able to file its Form 10-Q for the fiscal quarter ended June 30, 2006, which was due on August 14, 2006, with the SEC. In addition, on August 22, 2006, Gensym was notified by the NASD that because it is delinquent with respect to filing its Form 10-Q for the second quarter of 2006, a fifth character "E" has been appended to Gensym's trading symbol. Gensym's stock will be delisted from the OTC Bulletin Board on September 25, 2006 unless Gensym files the Form 10-Q with the SEC before that date. If Gensym's stock is delisted from the OTC Bulletin Board it will be eligible for quotation on the Pink Sheets, to the extent that a market is available. However, there can be no assurances that a liquid market in Gensym's stock will develop on the Pink Sheets.
At this time, Gensym is unable to provide an anticipated date for completion of the Audit Committee investigation, but Gensym does not expect to file its Form 10-Q for the second quarter of 2006 before September 25, 2006.
About Gensym Corporation
Gensym Corporation (www.gensym.com) is a leading provider of rule engine software and services for mission-critical solutions that automate decisions in real time. Gensym's flagship G2 software applies real-time rule technology for decisions that optimize operations and that detect, diagnose, and resolve costly problems. With G2, the world's largest organizations in manufacturing, utilities, communications, transportation, aerospace, finance, and government maximize the agility of their businesses and achieve greater levels of performance. Gensym and its numerous partners deliver a range of services throughout the world, including training, software support, application consulting, and complete solutions.
Gensym and G2 are registered trademarks of Gensym Corporation.
This news release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any statements contained in this news release that relate to prospective events or developments are deemed to be forward-looking statements. These forward-looking statements are subject to important risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, the failure of the restructuring to improve Gensym's profitability, the costs, risks and effects of the investigation by the Audit Committee of the Board of Directors, Gensym's inability to timely file reports with the Securities and Exchange Commission, the delisting of Gensym's stock from the OTC-Bulletin Board, the failure of a liquid market in Gensym's stock to develop on the Pink Sheets, the impact of intense competition, the effectiveness of Gensym's indirect distribution channel and strategic relationships and the ability of its partners to effectively market and deliver their Gensym-based solutions, fluctuations in demand for Gensym's products, and the other risks and factors discussed in Gensym's most recent Annual Report on Form 10-K and Quarterly Report on Form 10 Q filed with the Securities and Exchange Commission. Although Gensym believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Gensym disclaims any intent or obligation to update any forward-looking statement as a result of developments occurring after the date of this news release.
Contacts Gensym Corporation Stephen Allison, 781-265-7100
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
| IP: Logged |
August 30, 2006 04:30 PM US Central Timezone The Mars Landing Space Technology Helps to Locate and Remove Deadly Landmines Covering the Earth MILL VALLEY, Calif.--(BUSINESS WIRE)--Aug. 30, 2006--The Alliance Enterprise Corporation ("TaeCorp") (PINK SHEETS:AETR) is pleased to announce an astronomical breakthrough in developing an Aerial Landmine System using space technology to detect, locate, map and destroy deadly landmines.
This technology was the key component that contributed to the 2nd successful Mars landing with the Beagle II and will be used by TaeCorp in its Aerial Landmine System.
TaeCorp is currently negotiating various contracts with selected alliance partners to support its corporate objectives and will be announcing these partnerships shortly. TaeCorp's plan is to commence field operations on or before January 1, 2007.
About TaeCorp.
TaeCorp's vision is to be the recognized leader in providing Aerial Detection Systems including global de-mining, clearing a path to a safer planet for all humankind.
TaeCorp's mission is to reclaim lands around the globe embedded with landmines that victimize countries and their stakeholders.
Contacts The Alliance Enterprise Corporation James Pinhey or Diane Hunt, Media and Investor Relations 877-278-0107 info*taecorp.com www.taecorp.com
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
| IP: Logged |
August 30, 2006 04:43 PM US Central Timezone Great Wall Acquisition Corporation (GWAQ.OB) to Restate Financial Statements for Prior Periods; Proposed ChinaCast Acquisition Not Expected to be Affected NEW YORK--(BUSINESS WIRE)--Aug. 30, 2006--Great Wall Acquisition Corporation (GWAQ.OB) announced today that the Company has undertaken a review of certain financial accounting matters affecting previously reported financial information and, as a result of that review to date, concluded that it will be required to restate its previously-issued financial statements for the year ended December 31, 2005, appearing in its Form 10-KSB for the year ended December 31, 2005, and its unaudited financial statements for the quarter ended March 31, 2006, appearing in its Quarterly Report on Form 10-QSB for that quarter, to record an expense of professional fees incurred but not recorded, in addition to those already recorded, for those periods. Consequently, those financial statements should no longer be relied upon.
Certain of this information also appears in the Company's previously-filed Registration Statement on Form S-4 relating to its proposed business combination with ChinaCast Communication Holdings Limited, and the Company will amend that filing to reflect the restatements.
The restatements are not expected to affect the proposed ChinaCast acquisition.
While the review process is not yet complete, the Company believes the restatement will (i) increase current liabilities and decrease stockholders equity by $507,000 at December 31, 2005 and $220,000 at March 31, 2006, (ii) increase net loss by $808,000, or $0.15 per share, for the year ended December 31, 2005, and (iii) result in net loss of approximately $68,000 or $(0.01) per share (as compared to net income of approximately $30,000, or $0.01 per share, as previously reported), for the quarter ended March 31, 2006.
The Company has filed today with the U.S. Securities and Exchange Commission a Current Report on Form 8-K relating to these matters. The Company is working diligently to complete the restatements and expects to file amended disclosure documents in the near future.
About Great Wall: Based in New York City, Great Wall was incorporated in August 2003 as a blank check company whose objective is to acquire an operating business having its primary operations in the People's Republic of China. Great Wall consummated its initial public offering in March 2004, receiving net proceeds of approximately US$23,986,000 on the sale of 4,515,975 units at US$6.00 per unit, including an over-allotment option. Each unit was comprised of one share of Great Wall common stock and two redeemable common stock purchase warrants having an exercise price of US$5.00. As of June 30, 2006, Great Wall holds US$24,550,227 of those net proceeds including interest in a trust account maintained by an independent trustee which will be released upon the consummation of a qualifying business combination.
About ChinaCast: based in Beijing, China, ChinaCast provides satellite-based broadband solutions to educational institutions, government agencies, Fortune 500 enterprises and multinational companies throughout China and is the PRC's leading satellite distance learning services group. ChinaCast offers its Education and Training solutions to universities and primary and middle schools (K-12). These services include broadband satellite network services, interactive distance learning applications, multimedia education content, educational portals, as well as IT certification and management training courses. ChinaCast was listed on the mainboard of the Singapore Exchange (SGX) on May 14, 2004. Its stock codes are CCH SP on Bloomberg and CCCH.SI on Reuters.
For question, please write or call Great Wall Acquisition Corporation, 660 Madison Avenue, 15th Floor, New York, New York, 10021, (212) 753-0804, Attn.: Mr. Richard Xue, Consultant to Great Wall.
About forward-looking statements:
The statements contained herein, other than historical information, are or may be deemed to be forward-looking statements and involve factors, risks and uncertainties that may cause actual results in future periods to differ materially from such statements. These factors, risks and uncertainties include those detailed from time to time in our filings with the U.S. Securities and Exchange Commission.
Contacts for Great Wall Acquisition Corporation Mr. Richard Xue, 212-753-0804
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
