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bellwetherreport.com: The Bellwether Report Issues Irregular Activity Report for Vinoble, Inc
May 10, 2006 (M2 PRESSWIRE via COMTEX) -- Vinoble, Inc (OTCBB:VNBL), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service. Vinoble, Inc does not have significant operations, but intends to acquire or merge with the companies operating in the radio frequency identification and global position systems sectors, which would enable the company to offer end to end solutions for the tracking, management, and monitoring of both mobile and nonmobile assets., on Friday morning announced that they have been notified by the operator regarding the status and availability of a rig to commence drilling on the Allain LeBreton No. 2 well of the Clovelly South Prospect.
The operator, Vinoble, and the partners have agreed upon and contracted on a turnkey basis with Grey Wolf Drilling Company to utilize its Rig No. 611 to begin drilling the Allain-Lebreton No. 2 well.
As previously announced the original proposed target was to test the "M" Sand at a depth of approximately 13,500 feet with a prospective size of 3.6 million barrels of oil. After further geophysical review of a 3D Seismic survey of the property, the operator and the interest owners of the prospect and put forth a further development plan for a deeper horizon. The additional drilling target will test the "P" Sand at approximately 14,200 feet and, if successful, would significantly increase the reserves in the well to an anticipated 11 million barrels of oil for a nominal increase in the dry hole cost. A discovery would lead to the drilling of several development wells on the 1260 acre property where facilities for the production of the well are available.
While global political turmoil continues to keep oil prices near $70 per barrel and some recent analysts' reports predict that oil could reach as high as $100 a barrel in the near future, the Company is moving forward in acquiring additional growth and investment opportunities in this natural resource sector. Vinoble believes that these additional assets will provide the Company and its shareholders a much-improved increase in shareholder value. The Company is focused on increasing value by means on continuing acquisitions, development projects and exploration drilling through joint venture networks.
Finally, the Company also announced net income of $1.18 million, or $0.01 a share, for the first quarter ended March 31, 2006, compared to a loss in the same period in 2005. The first quarter included a $1.8 million adjustment of derivative and warrant liability to fair value of the underlying securities.
Following the announcement, shares of Vinoble, Inc have traded up fairly decent as they now trade back and forth between $0.025 and $0.035 a share up a cent over last week. I really like the future of this company as I feel that have a lot of potential to really enjoy a long, prosperous life in this industry. This company currently trades at $0.255 on volume of 5.5 million as investors continue to trade this company in a much more aggressive manner. The BWR Research Team will continue to follow the market sentiment on this company and numerous others.
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-------------------- The difference between genius and stupidity is that genius has its limits
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VNBL - VINOBLE INC (OTCBB) Date Open High Low Last Change Volume % Change 05/12/06 0.0200 0.0310 0.0192 0.0300 +0.0090 8659000 +42.86%
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 4224595
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Sell 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 50% - Buy 50-Day Average Volume - 2102240
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 33% - Buy 100-Day Average Volume - 1341093
Overall Average: 72% - Buy
-------------------- The difference between genius and stupidity is that genius has its limits
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Is it too late to get in now? I'm a newb and am considering buying some of this. Any ideas about how much this could actually reach? I do not want to buy in too high...Thanks Juice
-------------------- I'm a poor redneck trying to make some extra cash. Do your own DD!
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Vinoble Retains Oil & Gas Consultant Monday May 15, 10:03 am ET
MALIBU, CALIFORNIA--(MARKET WIRE)--May 15, 2006 -- Vinoble, Inc. (OTC BB:VNBL.OB - News), announced today that the Company has retained the services of Sterling Grant Capital Inc. to assist Vinoble with its corporate growth and development strategy. ADVERTISEMENT
As announced last December, Vinoble had become active in seeking additional growth opportunities and experienced executives specifically with oil and gas assets. Sterling Grant, a private consulting firm in the Oil & Gas Industry, has been retained by the Company to assist in such endeavors. The agreement calls for the consultant to introduce and secure working interests in both producing and exploration and development properties on behalf of Vinoble. Duties are also to include locating and introducing knowledgeable, experienced, and accomplished executives in the Oil and Gas industry to Vinoble to add to its Board of Directors.
Through the assistance of Sterling Grant, Vinoble continues to seek other opportunities to add value to its property holdings through acquisition. Vinoble believes that any additional assets will provide the Company and its shareholders a much-improved increase in shareholder value.
While global political turmoil continues to keep oil prices near $70 per barrel and some recent analysts' reports predict that oil could reach as high as $100 a barrel in the near future, the Company is moving forward in acquiring additional growth and investment opportunities in this natural resource sector. Vinoble believes that these additional assets will provide the Company and its shareholders a much-improved increase in shareholder value. The Company is focused on increasing value by means on continuing acquisitions, development projects and exploration drilling through joint venture networks.
Safe Harbor Statement: This press release contains forward-looking statements as defined in 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 may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Vinoble to complete the proposed acquisition(s), the results of Vinoble's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Vinoble to continue to sell the applicable products and the acceptance of those newly designed products by the market, 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: Contacts: Vinoble, Inc. Catherine Thompson Media & Investor Relations (310) 456-3199 investorrelations*vinobleinc.com
-------------------- The difference between genius and stupidity is that genius has its limits
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Innova Holdings Inc. and CoroWare Inc. Acquisition Agreement Signed; Closing Scheduled for Today Robotic Automation Technology Firm to Add Mobile Service Robotics Leader to Team of Robotics Innovators Innova Holdings Inc. (OTC BB: IVHG), a robotics and automation technology company, signed the final agreement today that cleared the way for the acquisition of CoroWare Inc., a mobile service robotics specialist based in Bellevue, Wash. Closing is set for later today. With CoroWare as a wholly owned subsidiary, Innova Holdings will add autonomous mobile capabilities to its controller and PC open-architecture software expertise in the emerging service robotics market.
CoroWare has key robotics and systems integration technologies and capabilities that will complement Innova's existing capabilities.
The acquisition also includes CoroWare Test Labs, a CoroWare subsidiary located in Pittsburgh, Pa., that provides impartial, objective testing support and services to ensure interoperability and communication standards compliance among intelligent, mobile service robotics platforms and applications in the military. CoroWare Test Labs screens its clients' systems for JAUS (Joint Architecture for Unmanned Systems) and AS-4 standards conformance.
Innova Holdings, through its subsidiaries Robot Workspace Technologies (RWT(TM)) and Innova Robotics, provides hardware and software systems-based solutions to the military, service, personal and industrial robotic markets.
"We believe we will have another important component to take Innova Holdings to the next level in the dynamic mobile service robotics market," said Walter K. Weisel, chairman and CEO of Innova Holdings. "CoroWare has the right combination of technology and Microsoft veteran developers to make it an ideal fit within the Innova family."
Lloyd Spencer, president and CEO of CoroWare, said he expects the acquisition to offer his team significant access to the military and Homeland Security markets.
"This combination of our respective businesses is expected to offer us opportunities to tap into these markets and, in doing so, accelerate the growth of the overall mobile service robotics industry," he said.
About Innova Holdings, Inc.
Innova Holdings Inc. (OTC BB: IVHG) is a robotics and automation technology company with patented software and hardware systems-based solutions for the military, service, personal and industrial robotic markets. The firm is chartered to continue expanding its growing suite of technologies through acquisitions and organic growth.
About Robotic Workspace Technologies, Inc.
Robotic Workspace Technologies (RWT(TM)), Fort Myers, Florida, is a subsidiary of Innova Holdings, Inc. and a provider of open architecture, patent-protected, PC controls, software and related products that we believe improve the performance, applicability and productivity of robots and other automated equipment. RWT holds three "pioneer patents" issued by the United States Patent and Trademark Office, and has patents pending pertaining to the interface of a general-use computer and the mobility of robots, regardless of specific applications. The patents have been registered internationally. Its technology has been applied in industries ranging from agriculture to automotive, to medical and R&D. RWT is recognized internationally for its pioneering contributions to the robotics industry.
About Innova Robotics, Inc.
Innova Robotics Inc., Fort Myers, Florida, is a wholly owned subsidiary of Innova Holdings Inc., founded specifically to enable development of technologies and emerging markets in military, space, undersea and homeland security. Innova Robotics will leverage the patented products, technology and robotics expertise of RWT, as well as strategic relationships with system integrators and third-party developers to earn a leadership position in this emerging industry.
About CoroWare
CoroWare is an innovative systems and mobile service robotics application integrator that delivers forward-looking solutions and services to help customers and communities realize their IT and business goals. CoroWare's experienced team of professionals delivers integrated solutions based on Windows and Unix midrange platforms. CoroWare has depth of knowledge and breadth of experience in robotics integration, embedded/mobile system integration, and market development. The company also designs and builds software for platforms that range from mobile handheld devices to mobile service robots. Online at www.coroware.com/.
RWT(TM), Universal Robot Controller(TM), URC(TM) RobotScript® and TeachPoint File Creator(TM) are either registered trademarks or trademarks of Innova Holdings, Inc. in the United States and/or other countries.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Forward-looking statements such as "believe," "expect," "may," "plan," "intend," etc., contained herein are within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and are based on the Company's beliefs and assumptions it made using information currently available to it and which reflect current views concerning those future events. Actual results could differ materially. Therefore, undue reliance should not be placed on any forward-looking statements, since they apply only as of today's date, and accordingly, reference should be made to the Company's periodic filings with the SEC.
Source: Market Wire (May 16, 2006 - 9:14 AM EDT)
-------------------- The difference between genius and stupidity is that genius has its limits
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MALIBU, CALIFORNIA, May 22, 2006 (CCNMatthews via COMTEX News Network) --
Vinoble, Inc. (OTCBB:VNBL), announced today that the Company has renegotiated the terms of a note payable by GarcyCo to Vinoble, whereby accelerating the payments due. Additionally, the Company has also reached a Loan Agreement with a private investor. Both transactions are to facilitate costs associated in drilling the Allain-Lebreton No. 2 well on the Clovelly South Prospect. The note, originally set to mature on December 31, 2006, has been mutually agreed upon to mature on or before June 15, 2006 in order for the Company to pay its portion of the contract with Grey Wolf Drilling Company. The first installment has been received.
The AFE for completed well cost of the Clovelly Well is approximately $5.7 million. Vinoble's participation commitment towards the drilling cost is $288,000 or 5% of the total AFE cost. Rig delivery is expected in the next several weeks with spudding of the well shortly thereafter. Further details will be provided with specific timelines and dates once the drilling rig is on site.
As previously announced, the original proposed target was to test the "M" Sand at a depth of approximately 13,500 feet with a prospective size of 3.6 million barrels of oil. After further geophysical review of a 3D Seismic survey of the property, the operator and the interest owners of the prospect and put forth a further development plan for a deeper horizon. The additional drilling target will test the "P" Sand at approximately 14,200 feet, and if successful, would significantly increase the reserves in the well to an anticipated 11 million barrels of oil for a nominal increase in the dry hole cost. A discovery would lead to the drilling of several development wells on the 1260 acre property where facilities for the production of the well are available.
The Company is commited to locating and acquiring producing and exploration oil and gas properties.
While global political turmoil continues to keep oil prices near $70 per barrel and some recent analysts' reports predict that oil could reach as high as $100 a barrel in the near future, the Company is moving forward in acquiring additional growth and investment opportunities in this natural resource sector. Vinoble believes that these additional assets will provide the Company and its shareholders a much-improved increase in shareholder value. The Company is focused on increasing value by means on continuing acquisitions, development projects and exploration drilling through joint venture networks.
Safe Harbor Statement: This press release contains forward-looking statements as defined in 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 may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Vinoble to complete the proposed acquisition(s), the results of Vinoble's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Vinoble to continue to sell the applicable products and the acceptance of those newly designed products by the market, 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.
SOURCE: Vinoble, Inc.
Vinoble, Inc. Catherine Thompson Media & Investor Relations (310) 456-3199 investorrelations*vinobleinc.com www.vinobleinc.com
-------------------- The difference between genius and stupidity is that genius has its limits
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