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Red Reef Labs Thanks the South Central Planning and Development Commission (SCPDC) of Louisiana for Funding
DEERFIELD BEACH, Fla. and NAPOLEONVILLE, La., Mar 12, 2008 (*********wire via COMTEX) -- Red Reef Laboratories International, Inc. (Pink Sheets:RRLB), a diversified scientific research, development, and marketing group focused on commercializing a variety of chemical and biological products, takes this opportunity to thank the South Central Planning and Development Commission (SCPDC) of Louisiana for funding an environmental assessment of Red Reef's Napoleonville, LA site. The property was formerly known as the Supreme Sugar Plantation.
The assessment will be funded under a U.S. Environmental Protection Agency Brownfields grant to SCPDC. The purpose of the Brownfields program, based on an amendment to federal Superfund legislation, is to return to commerce properties with real or perceived environmental issues.
"This assessment adds value to the site and is a necessary first step for Red Reef to put this valuable asset to use for our shareholders," Peter Versace, Exec VP is quoted. "We're beginning to feel the excitement," he continued.
Red Reef intends to develop the 84 acre Supreme site as a Medical Research and Cultural Center. The Baltimore based architectural and design firm of Whitney, Bailey, Cox and Magnani has been retained to design and assist in developing the project. Initial renderings depict three lakeside buildings to be added incrementally as need develops. The grounds will be designed in a campus like environment to include housing, hotel and spa accommodations, and recreational, cultural and meditative amenities.
Red Reef, in looking to the future development of the region, intends to set the tone for the area by introducing an upscale facility designed to serve and interact with the community.
"We are proud and humbled to be given this opportunity to provide a meaningful contribution toward what we believe the region is destined to achieve. Red Reef, essentially a green company, is always mindful of the concerns of the community and will continue to include our neighbors and citizens in decisions which may affect their quality of life and pride in the great state of Louisiana," Dr. Claus Wagner-Bartak stated.
About Red Reef Laboratories International, Inc.:
Red Reef Laboratories International, Inc. is a diversified scientific research, development, and marketing group established to assemble, develop, commercialize and bring to market a variety of chemical and biological products, utilizing advanced surfactant technology and increasingly "green" compounds. These series of products are specifically designed for biocidal and virucidal applications. For more information, please visit the Company's web site at www.redreef.bizPosts: 10 | Registered: Feb 2008
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IESV Last Sale $ 0.015 Change Net / % 0.002 15.38% Best Bid / Ask N/A / N/A 1y Target Est: N/A Today's High / Low $ 0.015 / $ 0.012 Share Volume 2,628,785 50 Day Avg. Daily Volume N/A Previous Close $ 0.013 52 Wk High / Low $ 0.07 / $ 0.01
watching NURO and SCA also.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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Siemens to Provide HearAtLast Capital Equipment Financing Valued at US$930,240 to Fuel Expansion into 24 New Retail Locations
TORONTO--(BUSINESS WIRE)--
(Pinksheets: HRAL) -- HearAtLast Holdings, Inc. is pleased to announce that its wholly owned subsidiary HearAtLast, Inc. entered into a formal agreement with Siemens (NYSE:SI), one of the world's largest and most experienced manufacturers of hearing aids. The companies have entered into a capital equipment financing arrangement valued at approximately US$930,240 that will enable HearAtLast to open twenty-four new hearing clinics throughout Canada. HearAtLast currently operates 18 hearing clinics co-located within Wal-Mart Stores, Wal-Mart Supercenters and Sam's Clubs in Canada under a master licensing agreement with Wal-Mart Canada Corp. The Company also operates two free standing clinics, one in the Villages, Florida and the other in the Regency Medical Centre in Toronto, Ontario.
In addition to deferring expansion costs for HearAtLast, this unique equipment lease arrangement will also enable the Company to create a standardized platform for each hearing clinic, with each clinic having the same hearing testing equipment, protocol, and appearance. Siemens has agreed to lease to HearAtLast approximately US$38,760 in hearing testing equipment for each new hearing clinic. This arrangement will provide all of the hearing testing equipment needed for each new hearing clinic.
"This is a well thought out, comprehensive agreement and is quite advantageous for us" stated Robert Oswald, President of HearAtLast. "We already sell Siemen's products and if we meet certain sales requirements, and we are quite confident we will exceed them, we will greatly defer or virtually eliminate our lease payments for the equipment being provided to us by Siemens. It's a win-win deal for everyone." Oswald stated.
Management must also states that this agreement does include many provisions that require certain levels of performance by HearAtLast. "We have carefully assessed the risks associated with this agreement and are confident that we can not only meet, but exceed the purchase requirements set forth in this agreement. We are also very pleased that a company like Siemens has provided us this opportunity and given us this vote of confidence as we expand our chain throughout North America," stated Oswald.
For more information please visit www.hearatlast.com. About HearAtLast Holdings, Inc.
HearAtLast Holdings, Inc. is a Nevada corporation that owns and operates its wholly-owned subsidiary HearAtLast Inc., a chain of hearing stores specializing in the sale of digital hearing aids and testing services. The company develops, owns, and operates hearing aid clinics co-located within select Wal-Mart stores throughout Canada. HearAtLast facilities sell a selection of high quality brand name hearing aids and also offer complimentary screening tests, clinical hearing tests, instant custom MP3 headphones and custom hearing protection. The Company's mission is to consolidate the highly fragmented hearing services industry while providing unparalleled service to the estimated 30+ million hearing impaired individuals throughout North America. After a prescription is approved, the independent on-site audiologists and hearing aid practitioners at HearAtLast utilize a refined process to dispense a hearing aid in about an hour.
Siemens AG, headquartered in Berlin and Munich, is one of the world's largest electrical engineering and electronics companies and holds leading market positions in all its business areas. The company has approximately 475,000 employees working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. Siemens provides innovative technologies and comprehensive know-how to benefit customers in over 190 countries. Founded 160 years ago, the company focuses on the areas of Automation and Control, Power, Transportation, Medical, Information and Communications and Lighting. In fiscal 2006 (ended September 30), Siemens had sales from continuing operations of EUR 87.325 billion (US $125 billion) and net income of EUR 3.033 billion (US $4.3 billion). Further information is available in the Internet at: www.siemens.com
ImagiTrend Offers Stock Exchange Program for Shareholders
LONGWOOD, Fla., March 17, 2008 (PRIME NEWSWIRE) -- ImagiTrend, Inc. (Pink Sheets:IMTD) is pleased to announce that the Company is offering a share exchange program, which includes voting rights, to its common stock shareholders. ImagiTrend will offer to exchange its Series A Convertible Preferred Stock, to be valued by the Company at $1.00 per share, for common shares of stock held by its shareholders as of the end of trading on April 4, 2008. For the purpose of this exchange, the Company is valuing each share at $.001, a premium to the current market price. This means for every 1,000 shares of common stock submitted to the Company for exchange, shareholders will receive one share of Series A Convertible Preferred Stock valued at $1.00 for future conversion purposes.
Current shareholders must have their shares into Continental Stock Transfer & Trust Company by the end of business on April 4, 2008, unless extended by the Company, in order to qualify for the exchange of common shares to Series A Convertible Preferred Shares. In order to qualify for the exchange, shareholders must submit a minimum of 1,000,000 shares of common stock. The Series A Convertible Preferred Stock will be protected from any future stock restructuring by the Company. The convertible preferred shares may be converted back into common shares at a 20 percent discount, and there will be no holding period regarding conversion back into common shares.
For the complete terms and conditions of the stock exchange program, the Company will be posting particulars at: http://www.imagitrendinc.com/.
"We are very pleased to be able to offer our shareholders this exchange program. As more information becomes available, it will be provided through press releases," stated Mark Kaley, Chairman of the Board, President and CEO of ImagiTrend, Inc.
The Company recently announced that the Company is actively seeking acquisition candidates in the field of online gaming for the purpose of expanding its revenue base, and enhancing growth opportunities to increase shareholder value. It is estimated that the growth for the online gaming industry will hit $48 billion by 2010 and top $125 billion by 2015. A suitable candidate would be one with viable growth potential with a strong management team in place.
Safe Harbor Act: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
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Play IMTD for the MOMO. Because from what I read it sounds like a fancy way of doing a Reverse SPlit.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by bilgert: MMXT on Loooooooow volume
Nice move there up 400%. I hope you're in it. Make some GREEN on St. Paddy's Day
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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Electronic Game Card Inc. Reports Full Year and Fourth Quarter 2007 Earnings Tuesday March 25, 5:37 pm ET Company achieves six-fold year over year revenue increase and delivers $0.06 fully diluted earnings per share
Electronic Game Card Inc. Reports Full Year and Fourth Quarter 2007 Earnings Tuesday March 25, 5:37 pm ET Company achieves six-fold year over year revenue increase and delivers $0.06 fully diluted earnings per share
Closed .45...Somebody was selling into every uptick...Might still be something here longer term but overhang from previous management squashed this one today...imo
Posts: 2383 | Registered: Apr 2006
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