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GameZnFlix, Inc. Makes Books and Audiobooks Available GameZnFlix, Inc. (OTCBB: GZFX), an online provider of video games and movies for rent or purchase, has added the sale of books and audiobooks to its updated website.
"The addition of these new products to our website expands our complement of products we offer as benefits of being a GameZnFlix member," states John Fleming, CEO of GameZnFlix, Inc. "It also furthers our vision of being a 'one-stop' family entertainment destination."
GameZnFlix's Technology department has spent the past few months finalizing and readying this new section of its website for release. In addition, several other key initiatives are in development for the benefit of GameZnFlix members.
"In the near future will be adding other membership advantages like 'Rent It, Like It, Buy It'," adds Chris McLaurin, VP of Technology of GameZnFlix, Inc. "This will allow our members to keep the rental title they have in their hands at a member discount price. If they want a brand new copy of that same title -- we can also sell it to them through our website."
GameZnFlix is also continuing the development of the GnF Entertainment Channel -- available on the website by selecting the "GNF TV" tab on the home page. This research and development project represents the efforts towards meeting one of the company's goals of providing movies and games through video-on-demand or, potentially, any other media.
GameZnFlix is a company that offers video games/DVD movies for rental or purchase on the Internet with access to over 40,000 game and movie titles. With different membership levels beginning at $8.99 a month, subscribers can rent a combination of both video games and/or DVD movies with no late fees or due dates or members can purchase video games and/or DVD movie titles at a membership discount.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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IElement Corporation Files Annual Report DALLAS, June 30, 2006 (PRIMEZONE) -- IElement Corporation (OTCBB:IELM) (Frankfurt:SZQ1) (Frankfurt:IELM), a nationwide provider of advanced communications services and Voice over Internet Protocol (VoIP) solutions, filed its 10-KSB annual report today.
IElement's operating loss before interest, depreciation, amortization and non-cash items for the year ended March 31, 2006 was $486,802, or less than half a penny per share. This is a substantial improvement over years past and puts the company in a good position to become profitable.
IElement's overall loss from operations for the fiscal year ended March 31, 2006 was $1,842,017, but EBITDA was ($1,039,550) and non-cash items accounted for more than half of that loss. The company issued stock for services in the amount of $522,748 for the year, much of which went to consultants for advising the company in matters pertaining to its private equity placement, shifting its business model towards Voice over Internet Protocol (VoIP) technology and service, expanding its product offerings and gaining entry to smaller, less competitive markets.
The company is in an excellent position to exercise its business plan in the current year.
IElement is a facilities-based nationwide communications service provider that provides state-of-the-art telecommunications services to small and medium sized businesses ("SMBs"). IElement provides broadband data, voice and wireless services by offering integrated T-1 lines as well as a Layer 2 Private Network and VOIP solutions. These solutions provide SMBs with dedicated internet access, customizable business solutions for voice, data, wireless, internet, and secure communications channels between the SMB offices, partners, vendors, customers and employees without the use of a firewall or encryption device. IElement has a network presence in 18 major markets in the United States, including facilities in Los Angeles, Dallas and Chicago.
This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "could", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential", "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our limited operating history; (2) our ability to pay down existing debt; (3) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (4) unforeseen costs and expenses; (5) potential litigation with our shareholders and/or former or current investors; (6) the Company's ability to comply with federal, state and local government regulations; and (7) other factors over which we have little or no control.
CONTACT: IElement Inc. Ivan Zweig, CEO (213) 232-3421 investor*ielement.com
Source: PrimeZone (June 30, 2006 - 5:00 PM EDT)
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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RSHN .0027 - Leading Chicago Beverage Manufacturer Brings e-water(TM) to their Hometown; Kramer's Health Foods Brings e-water(TM) to the Taste of Chicago Jun 30, 2006 5:54:00 PM Copyright Business Wire 2006
BLUE ISLAND, Ill.--(BUSINESS WIRE)--June 30, 2006--
Chicago-based RushNet, Inc. (Pink Sheets:RSHN), the marketing company for Rush Beverage Co. and brand owner of e-water(TM), knows that summer time and the nationally renowned Taste of Chicago have officially arrived bringing hot, humid weather to the Windy City and an increased risk for dehydration. With all of the activities at the Taste of Chicago, attendees can take a stand against dehydration and replenish with free samples of e-water(TM), a bottled water from Chicago-based RushNet, Inc. naturally enriched with dozens of crucial electrolytes available at Kramer's Health Foods.
Kramer's Health Foods is a proud part of Chicago's history, being that it is one of the oldest health food stores in the city (est. 1936). The store will be hosting an e-water(TM) sampling Friday, July 7th from 8:00a.m.-6:00p.m. at 230 S. Wabash in the Chicago Loop, right on the main traffic route of the Taste of Chicago! RushNet, Inc. will be offering free samples of e-water(TM) to all the thirsty trekkers who come by. A vibrant e-water(TM) display will adorn the front of the store. Kramer's can be reached at (312) 922-0077 for more information.
A fusion of spring and purified water with charged (ionic) electrolytes, e-water(TM) offers the health-conscious individual the perfect opportunity to hydrate and replenish fluids that have been lost without the added sugar and carbohydrates found in other sports drinks. e-water(TM) contains over 50 electrolytes and, unlike other waters, it also contains fulvic acid, a unique ingredient that allows nutrients to enter the bloodstream and be absorbed by the body more easily and efficiently.
Long-time Chicago resident Robert Corr, Founder and President of RushNet, Inc., has been dedicated for over 30 years to providing the highest quality beverages in the market. "I learned from my own personal experience that other waters in the market don't give total satisfaction after a work out," said Corr, who cycles regularly. "e-water(TM) not only has a natural, pure taste but quenches thirst and energizes. I go everywhere with a bottle of e-water(TM)."
e-water(TM) retails for $1.29 per bottle and can be found nationwide in many natural and mainstream grocery stores, spas, health clubs, and fitness centers.
RushNet, Inc. is the licensed marketing agent for Rush Beverage Company products and brand owner of e-water(TM). See www.enjoytherush.com for more.
Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Source: RushNet, Inc.
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RushNet Inc. Robert Corr 708-389-6625
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Anti Spyware Software Developer Enigma Software Group, Inc. Secures $1,000,000 Financing from Dutchess Private Equities Fund, LP and Dutchess Private Equities Fund, II, LP STAMFORD, Conn., June 30, 2006 (PRIMEZONE) -- Enigma Software Group, Inc. (OTCBB:ENGM) (the "Company"), a diversified technology and services company that creates and develops Internet Privacy Protection and Computer Security Software and Applications for Internet users, today announced that it has entered into a $1,000,000 financing with Dutchess Private Equities Fund.
"Our recent experience with Dutchess Private Equity Fund has been quite impressive, and we are looking forward to our business relationship with them," said Colorado Stark, Executive Chairman of Enigma. "This financing, along with our recent restructuring of the Company should resolve our liquidity crisis in the near term."
For a better understanding of Enigma's business and this debenture transaction with Dutchess Private Equity Fund, the reader is urged to review the Company's public filings, which are available online at http://www.sec.gov.
About Enigma Software Group, Inc.
Enigma develops and markets digital products and services for the consumer market. Enigma is known mostly for its Anti Spyware software product SpyHunter. SpyHunter is distributed exclusively over the Internet by download. Enigma owns and operates several websites, including the Spyware reference sites www.spywareremove.com,www.anti-spyware-101.com,www.2-freespywareremoval.com,www.uninstall-spyware.com, and more. Enigma Software operates within the United States with a worldwide customer base.
About Dutchess Private Equities Fund
Through Dutchess Private Equities Funds I and II, we manage portfolios of private investments in public equities ("PIPEs"). Although many of our investments are passive in nature, we provide a wide range of advisory services to assist our client companies long after the initial infusion of capital. Founded in 1996, Dutchess has since transacted in excess of $1 billion in financings for public companies.
This release contains forward-looking statements relating to the development of Enigma Software Group, Inc.'s products and services and future operating results, including statements regarding Enigma Software Group's software, that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect Enigma Software Group Inc.'s actual results include the progress and costs of the development of our products and services and the timing of market acceptance of those products and services. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Enigma Software Group, Inc. undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
CONTACT: Enigma Software Group, Inc. Richard M. Scarlata, Chief Financial Officer (888) 360-0646
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Related Quotes Sym. Price Chg. AMEP Trade News 0.071 0.003 American Energy Production Inc. Issues Correction of Previously Reported Fourth Quarter and 2005 Full Year Financial Results
June 30, 2006 18:06:38 (ET)
MINERAL WELLS, Texas, Jun 30, 2006 (BUSINESS WIRE) -- American Energy Production Inc. (the "Company") (AMEP, Trade) announced today a correction of previously reported 2005 Full Year Financial Reports for the fiscal year ending December 31, 2005.
On April 19, 2006, the Company issued a news release disclosing certain 2005 Financial and Operational Highlights. The Company has since determined that certain of the information presented in that news release was inaccurate. Accordingly, the Company is issuing this release to supercede and replace the information contained in the April 19, 2005 release, which should be disregarded.
-- The Company elected to be regulated as a business development company ("BDC") in 2004. As a BDC, for financial statement purposes, investments are recorded at their fair market value. The Company's financial statements issued prior to its election to be a BDC are not comparable to financial statements issued after its election.
-- Net increase in net assets resulting from operations was $13,920,315 in 2005 as compared to a net loss of $5,049,995 in 2004. The increase in net assets resulting from operations was entirely from an unrealized gain on investments in the amount of $14,852,861. Upon the occurrence of a liquidity event with respect to any of the Company's investments, (e.g. a sale or other disposition of our investment) the amount actually realized may differ. The unrealized gain on investments was comprised of $3,672,020 for our majority-owned affiliate, Production Resources, Inc. and $11,180,841 for our majority-owned affiliate Bend Arch Petroleum, Inc. The fair value of this investment was determined in good faith by the Company's Board of Directors.
-- Net investment loss as a BDC decreased from $1,248,253 in 2004 to $348,846 in 2005. Since the Company had no revenue in either 2005 or 2004, the decrease of $939,415 was entirely from a reduction of operating expenses.
-- Interest expense decreased to $595,125 in 2005 from $3,820,828 in 2004. However, the decrease was primarily from a non-cash interest expense reduction of $3,112,722 for the amortization of a convertible debenture beneficial conversion feature.
-- Cash and cash equivalents increased to $471,339 in 2005 from $268,665 in 2004. The increase in cash and cash equivalents was primarily from $2,240,633 of net proceeds from the issuance of common stock, offset by $1,650,556 of net advances to the Company's majority-owned subsidiaries and $354,099 of cash used in operating activities. The Company has not yet created positive cash flow from operations.
-- Net asset value per share increased from $.01 in 2004 to $.04 in 2005.
-- Total stockholders equity increased to $18,577,714 in 2005 from $1,946,766 in 2004. The increase was primarily from the $14,852,861 unrealized gain on investments discussed above.
Charles Bitters, President of American Energy Production Inc., said, "The Company is very pleased with the progress of AMEP and its majority-owned affiliates Bend Arch Petroleum Inc., Production Resources Inc. and Oil America Group Corp. The annual financial results clearly indicate that the investment AMEP has made in its majority-owned affiliates is increasing shareholders' value of AMEP."
2006 Outlook
AMEP's majority-owned affiliates will be able to participate in many more oil and natural gas projects because of owning its own drilling rigs. This rig availability allows Bend Arch Petroleum Inc. to select and drill Barnett Shale prospects that have the most potential for success. With 7000+ acres of Barnett Shale leases in the Ft. Worth Basin, which are held by producing oil or gas wells, Bend Arch Petroleum will continue to drill and develop its own leases as well as joint venture with other local operators.
Production Resources Inc. located in Medina County, Texas is continuing with the testing of AMEP HOA-800 on the heavy oil produced from the Olmas formation. With world oil prices at new record levels, the Company will be able to extend the testing to promising areas located on the 1700 acres currently owned by PRI.
Oil America Group Corp., located in Dallas, Texas, is rapidly becoming a very integral majority-owned affiliate of AMEP. Joe Christopher, President of Oil America Group Corp., is currently structuring oil and natural gas partnerships in order to commence drilling of Barnett Shale acreage owned by Bend Arch Petroleum Inc.
About AMEP
American Energy Production, Inc. ("American Energy," "the Company," "we," "us") is a publicly traded business development company that is engaged primarily in the investment in other companies that acquire, develop, produce, explore and sell oil and gas. The Company anticipates that the companies it has invested in will be able to sell all oil that it can produce to petroleum refiners and marketers under the terms of short-term purchase contracts and at prices in accordance with arrangements that are customary in the oil industry. Our capital is generally used by our portfolio companies to finance growth and working capital.
Forward-Looking Statements
This press release contains forward-looking statements. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by American Energy may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. American Energy assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
SOURCE: American Energy Production Inc.
American Energy Production Inc. Charles Bitters, 210-410-8158 http://www.americanenergyproduction.com or Oil America Group Inc. Joe Christopher, 972-386-0601 jchristopher*oilamericagroup.com Copyright Business Wire 2006
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Habanero to Now Earn Interest in 85.5 Continuous Sections of Alberta Oil Sands Leases Through Equity Interest in Andora
VANCOUVER, British Columbia, Jun 30, 2006 (PRIMEZONE via COMTEX) -- Habanero Resources Inc. (Pink Sheets:HBNRF) (TSX-V:HAO) (Frankfurt:HRJ) ("Habanero") is extremely pleased to announce that it has been informed by Andora Energy Corporation ("Andora"), a private company, that Andora has executed an agreement with Pan Orient Energy Corp. ("Pan Orient") (POE-TSX Venture) pursuant to which Pan Orient will subject to certain conditions, acquire a minimum of 51% interest in Andora pursuant to a series of transactions described in Pan Orient's news release dated June 29, 2006. Pan Orient has agreed to acquire a minimum of 7.1 million Andora shares from existing shareholders of Andora for a minimum total acquisition price of $9,585,000, being $1.35 per Andora share, which, together with the shares to be acquired by Pan Orient pursuant to the transactions described above, will give Pan Orient approximately 51 per cent of the issued and outstanding Andora shares. Pan Orient will satisfy the acquisition price either (at the option of the Andora shareholders): (i) by the issuance of common shares of Pan Orient at a deemed price of $3.75 per share; or (ii) in cash, provided that Pan Orient will not be obligated to pay for more than 25 per cent of the Andora shares in cash. In the event that shareholders of Andora wish to sell more than 7.1 million Andora shares, Pan Orient will purchase up to an additional 6,751,600 Andora shares from such shareholders, under the same maximum 25-per-cent cash terms. In the event that Pan Orient acquires the additional 6,751,600 Andora shares, then, together with the Andora shares acquired by Pan Orient as described above, Pan Orient will hold approximately 67 per cent of the issued and outstanding Andora shares. The share acquisition may be effected through an amalgamation or other form of corporate reorganization to be agreed upon by Pan Orient and Andora. Habanero currently owns 700,000 shares of Andora at a cost of $0.50 per share.
Closing of the above transactions, other than the share acquisition which will be subject to Andora shareholder approval, is expected to take place on or before July 28, 2006. The share acquisition is expected to close as soon as reasonably practicable following July 28, 2006. Completion of the transactions is subject to satisfactory completion of due diligence investigations on or before July 7, 2006, and certain other conditions, including the approval of the TSX Venture Exchange.
In commenting on the transactions, Jeff Chisholm, president and CEO of Pan Orient, said: "The combined Andora/Pan Orient heavy oil assets form a private corporate vehicle that has an operated, core position of critical mass in the Sawn Lake heavy oil project area. These transactions allow Pan Orient shareholders to leverage their 10 percent interest in Sawn Lake into what we believe to be more than 400 million barrels (net) of defined oil in place in a under-explored area of 85.5 square miles. Andora's 25.9 million barrels of probable recoverable reserves alone are significantly accretive to Pan Orient's net asset value."
"The agreement with Pan Orient is a major milestone for Andora which was created solely to develop the Sawn Lake reservoir," states Tyler Cran, president and CEO of Andora. "It places Andora as the only company with an interest in the entire Sawn Lake property, strengthens its financial and managerial capacity, and allows its private shareholders a degree of liquidity. A win-win for both Andora and Pan Orient."
Jason Gigliotti, President of Habanero stated, "This is great news for Habanero and Habanero's shareholders. We have felt all along that the Alberta Oil Sands is the best way to grow the company and this deal would enable Habanero to have an interest in one of the single largest continuous parcels of Oil Sands leases in the Peace River region. At the very least, we would have the option to sell some of our interest at a significant profit. When you couple this exciting news with our other Athabasca Oil Sands leases, it is clear that Habanero intends to grow via the Oil Sands and we have shown the ability to acquire high quality assets. Habanero is one of the smallest market capitalized companies with interests in multiple Alberta Oil Sands leases and when you combine this with the current near all time highs on oil prices, these are extremely exciting times of growth for Habanero."
If you would like to be added to Habanero's email updates list, please send an email to ir*habaneroresources.com requesting to be added.
BY ORDER OF THE BOARD OF DIRECTORS
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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07/03/2006 - A beverage company believes it is on to winner with a new range of natural ginseng-based energy products.
US-based firm RushNet claims that its Ginseng Rush XXX and Rush Ginseng Cola XXX drinks have received a huge response from wholesalers eager to distribute the product globally. "Following RushNet's entry into the huge Japanese market, the company has been inundated with calls from overseas distributors who want to sell our ginseng-powered, non-caffeinated, 100 per cent natural energy drinks," said RushNet president Robert Corr.
"Our energy-drink competitors rely on caffeine, which is harmful, especially to youngsters, in large doses. They have to put caffeine-warning labels on their cans."
Herbal juice drinks for adults, particularly buoyant in the US, are also beginning to develop in Europe. Popular US brands are SoBe and Snapple, and formulations include ginseng, guarana, echinacea and kava root.
Claims mainly focus on 'lifestyle' positionings (eg energising, stimulating, calming, relaxing) or are influenced by health (eg protection against colds and other common ailments).
Corr claims that the company's range of caffeine-free, natural energy beverages can provide stamina and performance by using herbs such as American ginseng, Siberian rhodiola rosea and Chinese peony root.
"In order to take advantage of opportunities, presented to us, for global marketing of our energy drinks, we are printing labels in five languages: English, French, Spanish, Arabic and Japanese," said Corr.
The company also said that it is now in negotiations with a contract beverage canning and packing facility. The facility is equipped with a tunnel pasteurisation unit that allows aseptic processing while preserving and stabilising active ingredients.
RushNet is the licensed marketing agent for Rush Beverage Company products.
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Related Quotes Sym. Price Chg. CHDT Trade News 0.085 0 China Direct Seeking to Expand Generator Subsidiaries Outside ofFlorida
Jul 3, 2006 07:28:58 (ET)
COOPER CITY, FL, Jul 03, 2006 (MARKET WIRE via COMTEX) -- China Direct Trading Corporation (CHDT, Trade ) announced recently the expansion of its power generator sales operations into Miami and Naples/West Florida with two new sales operations. The expansion is prompted by the strong sales performance of CHDT Complete Power Solutions (CPS) power generator sales operations in the northern Miami region. The new operations will be open in the upcoming weeks. CPS will provide sales, product, and engineering support to the new operations.
Howard Ullman, China Direct CEO & President, said, "CPS is on track to generate a projected $20 million in gross revenue for FY2006 from its current base territory of two South Florida counties. The new Miami operation will expand our market reach from South Broward to Dade and Monroe counties and new Naples/West Florida operation will cover the Florida West Coast from Naples to Ft. Meyers. We have developed a solid and proven sales model and we will continue to expand our operations throughout the state of Florida followed by expansion into other states. Currently, we are endeavoring to open a sales operation in California, Mississippi, New Jersey, Virginia, Maryland, Pennsylvania and the Washington, D.C. metropolitan region, which has two of the richest (per-capita) counties in the nation and a steady economy anchored by the Federal Government. We are enthused with the opportunity to expand our market and enjoy the economies of scale and the dynamics inherent in an expansion at this level."
CHDT will own 60% percent of each of the new operations with licensees owning the remaining 40% and financing the startup. CHDT will consolidate 100% of all financials of its subsidiaries. CPS ( www.completepower247.com ) is a majority-owned China Direct subsidiary engaged in turnkey solutions for standby commercial and residential power generation. For more information from China Direct on becoming a licensee contact Rich Schineller at 941-918-1913 or rich*chdt.us:
China Direct ( www.chdt.us ) is a holding company engaged through its operating subsidiaries in the following business lines: Overseas Building Supply (OBS) is engaged in manufacturing, distribution and logistics of building materials including but not limited to generators, roof tiles, interior doors, and insulation materials. CPS, ( www.completepower247.com ) is a majority-owned subsidiary engaged in a turnkey solutions for standby commercial and residential power generation. Souvenir Direct Inc. (SDI) ( www.souvenirdirect.com ) is engaged in product development, manufacturing, distribution, logistics and product placement into mass retail of souvenir and gift items in 29 countries. None of the web site URLs listed in this press release are incorporated into or are part of this press release.
FORWARD-LOOKING STATEMENTS: This press release, including the financial information that follows, contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on China Direct's and its subsidiaries' managements' current expectations and assumptions, and involve risks and uncertainties. Such expectations and assumptions may prove to be faulty or incorrect. Actual results may differ materially from those anticipated results set forth in the statements. The forward-looking statements may include statements regarding possible expansion of markets, sales projections, prospects of new operations, future consumer demand, future product orders, product development, product potential or financial performance. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. China Direct undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this press release and risks associated with any investment in China Direct, which is a "penny stock" company, should be evaluated together with the many uncertainties that affect our business, particularly those mentioned in the cautionary statements in current and future China Direct SEC Filings, which statements we incorporate by reference herein.
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D Mecatronics Inc. Successfully Completes and Delivers a Project on Time and Error Free Valued at 1.4 Million Dollars
Update: 7:00 AM ET Jul 3, 2006
MISSISSAUGA, Ontario, Jul 3, 2006 (PRIMEZONE via COMTEX) -- D Mecatronics Inc. (Pink Sheets:DMTN) designs, manufactures, and markets industrial and consumer products. Through independent subsidiaries we provide state of the art automation technology solutions to enable customers to dramatically accelerate time-to-market and increase revenue. With a management team that has been industry pioneers since 1976, D Mecatronics Inc. is one of the world's foremost providers in designing, building and the installation of tube related automated systems and is dedicated to deliver leading-edge performance solutions used by automotive parts and assembly suppliers. Being that our customers have an insatiable demand for extreme levels of performance, D Mecatronics Inc. demonstrated today our unsurpassed ability to meet and exceed our customers' needs by delivering our new state of the art innovative tube processing system, which offers our customers with high-performance applications extreme throughput, unsurpassed flexibility, and reliability, which don't exist in other options currently on the market. "At D Mecatronics our main goal is to assure our customers are well served by the performance, features, and functionality of our products and service," said Berardino Paolucci, CEO and President. "Today's announcement is driven by the requirements of our customers and by our deep commitment to deliver innovative solutions that combine the strengths of D Mecatronics Inc. and D&R Technology Inc. (our wholly owned subsidiary)." The conclusion and delivery of this project was on time, error free and will allow D Mecatronics Inc. to establish larger, more diversified market presence which will generate increased sales revenue and exponential growth opportunity for the Company and Shareholders. To date, D Mecatronics has been issued and is working on another three projects amounting to over three million dollars. The D Mecatronics Inc. management team is also aggressively discussing an acquisition with an already established company and the proposed acquisition is an excellent opportunity for D Mecatronics Inc. to capitalize on the combination of complementary technologies and skills. By bringing together our existing platforms and expertise we intend on developing next generation products and technologies in the areas of robotic integrated machinery for the automotive industry as well as other industries. As things develop on this potential partnership we will continue to keep the investors informed. Investors are encouraged to visit D Mecatronics' cutting-edge website at www.dmecatronics.ca for further detailed information.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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GBTVK 0.17 Reaches Agreement in Principle On New Senior Credit Facility
NEW YORK, July 3 Granite Broadcasting Corporation (OTC Bulletin Board: GBTVK) announced today that it has reached agreement in principle on a new senior credit facility (the "Facility"). The Facility, which the Company anticipates will close and fund early this week, provides for two secured loans: a $40 million Tranche A Term Loan and a Convertible Tranche B Term Loan for $30 million. The Tranche Loan B would be convertible, in the aggregate, into 200,000 shares of the Company's 12.75% Cumulative Exchangeable Preferred Stock. Both term loans would mature on December 1, 2006. Approximately $19.9 million of the proceeds from the Tranche Loan B are to be used to pay interest on the Company's 9-3/4% Senior Secured Notes that was due June 1, 2006. In connection with the Facility, the Indenture governing the 9-3/4% Senior Secured Notes is to be amended. Closing of the Facility is conditioned upon execution of definitive documents and reaching agreement with the Indenture Trustee. The Company's previously announced proposed sales of its San Francisco and Detroit stations have not closed. Proceeds from these sales were to be used to fund the Company's previously announced proposed purchase of WBNG, Channel 12, the CBS-affiliated television station serving Binghamton and Elmira, New York. Subject to satisfaction of certain conditions, the Facility will permit proceeds from Tranche Loan A to be drawn and used, if necessary, to fund the WBNG acquisition if the sales of the San Francisco and Detroit stations have not previously closed. A portion of the remaining proceeds of the Tranche B Loan may be used to pay part of the WBNG purchase price, if necessary. The Company expects to continue working with its strategic advisors, Houlihan Lokey Howard & Zukin, to evaluate the alternatives that will enable the Company to move forward with its strategic plans. In the event that the Company is unable to close the Facility and pay the June 1, 2006 interest payment on the Notes, the grace period for which has expired, it may be forced to seek protection under Chapter 11 of the Bankruptcy Code in the immediate future. Granite Broadcasting Corporation owns and operates, or provides programming, sales and other services to 21 channels in the following 8 markets: San Francisco, California; Detroit, Michigan; Buffalo, New York; Fresno, California; Syracuse, New York; Fort Wayne, Indiana; Peoria, Illinois; and Duluth, Minnesota-Superior, Wisconsin. The Company's channel group includes affiliates of NBC, CBS, ABC, CW and My Network TV, and reaches approximately 6% of all U.S. television households. Any statements that are included or incorporated by reference in this press release or that are otherwise attributable to Granite Broadcasting or persons acting on behalf of Granite Broadcasting, other than statements of historical fact, which address activities, events or developments that Granite Broadcasting expects or anticipates will or may occur in the future, including, without limitation, statements regarding expected financial performance; future capital expenditures; projected revenue growth or synergies resulting from acquisitions and other transactions; anticipated completion of sales of assets under contracts of sale; efforts to control or reduce costs; contingent liabilities; restructuring certain programming obligations; financing and restructuring efforts; expected competition; use of digital spectrum; and business strategy, are "forward-looking statements"-that is, statements related to future, not past, events that are subject to risks and uncertainties. These forward-looking statements generally can be identified as statements that include phrases such as "believe", "project", "target," "predict," "estimate," "forecast," "strategy," "may," "goal," "expect," "anticipate," "intend," "plan," "foresee," "likely," "will," "should" or other similar words or phrases. Although we believe such statements are based on reasonable assumptions, actual outcomes and results may differ materially from those projected. Accordingly, all forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, changes in Federal regulation of broadcasting, including changes in Federal communications laws or regulations; local regulatory actions and conditions in the areas in which our stations operate; competition in the broadcast television markets we serve; our ability to obtain quality programming for our television stations; successful integration of television stations we acquire; pricing fluctuations in local and national advertising; changes in national and regional economies; changes in advertising trends and our advertisers' financial condition; volatility in programming costs, industry consolidation, technological developments, and major world events; and those factors described in our most recent Annual Report on Form 10-K and other documents filed with the Securities and Exchange Commission. We undertake no obligation to update forward-looking statements, whether as a result of new information, future developments or otherwise, and disclaim any obligation to do so.
SOURCE Granite Broadcasting Corporation
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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VTAI .09 Vesta Subsidiaries Placed Into Rehabilitation BIRMINGHAM, Ala., July 3 /PRNewswire-FirstCall/ -- Vesta Insurance Group, Inc. (Other OTC: VTAI.PK) announced that the following six insurance subsidiaries of Vesta Insurance Group, Inc. agreed to be placed into court- ordered rehabilitation in Texas: - Vesta Fire Insurance Corporation; - Vesta Insurance Corporation; - Shelby Insurance Company; - Shelby Casualty Insurance Corporation; - Texas Select Lloyds Insurance Company; and - Select Insurance Services, Inc. (attorney in fact for Texas Select Lloyds).
The District Court of Travis County, Texas subsequently entered the Agreed Order of Rehabilitation and Permanent Injunction, appointing the Texas Commissioner of Insurance as Rehabilitator. At this time, policies are still in force, coverage remains in place, the insurance subsidiaries continue to issue new and renewal policies, process and pay claims, and pay agent commissions in the normal course. Pursuant to Chapter 21A of the Texas Insurance Code, title to the assets of these companies is now vested by operation of law in the Rehabilitator. As previously disclosed, Vesta Insurance Group, Inc. had been pursuing several possible transactions to improve the financial condition of these subsidiaries, including a possible sale of certain subsidiaries, but was unable to enter into a definitive agreement. The Rehabilitator is in the process of developing a plan of rehabilitation for the affected companies, which includes the sale of certain of the insurance subsidiaries. Florida Select Insurance Company and Hawaiian Insurance & Guaranty, Ltd. have consented to the entry of similar orders in the appropriate courts in Florida and Hawaii. Vesta Insurance Group, Inc. believes that entry of these orders of rehabilitation constitutes a default under the terms of the Group's Indenture with respect to its existing long term debt securities. Such default does not affect the ability of the Rehabilitator to close a sales transaction. About Vesta Insurance Group, Inc. Vesta, headquartered in Birmingham, Ala., is a holding company for a group of insurance companies that primarily offer property insurance in targeted states. SOURCE Vesta Insurance Group, Inc.
John W. McCullough, Vice President - Associate General Counsel of Vesta Insurance Group, Inc., +1-205-970-7056, or Jmccullough*vesta.com 03Jul06 12:30 GMT Symbols: de;VIG us;VTAI Source PRN PR Newswire Categories: NWI/INS NWI/OTC MST/I/INF MST/I/INP MST/I/MKT MST/L/EN MST/R/US/AL MST/R/US/TX TGT/PRX
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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CYAD .024 - CyberAds Reports Semi-Annual Accomplishments and Upcoming Activities Monday July 3, 6:00 am ET
TORRANCE, CA--(MARKET WIRE)--Jul 3, 2006 -- CyberAds, Inc. (OTC BB:CYAD.OB - News), an outdoor lifestyle company, with an emphasis on representing products that are utilized in the outdoor sports market announced recent accomplishments and defined the company vision regarding its featured product, the Rhino Rough Terrain Vehicle ®. Source: CyberAds, Inc.
"We have had a busy and productive six months highlighted by the acquisition of Rhino Off-Road Industries, and its acclaimed Rhino RTV on June 20th," stated Walt Tatum, Chairman of the Board of CyberAds, Inc. "Our development from a passive marketing and sales company of extreme sports products to an 'owner' of Rhino Off-Road Industries and its innovative line of off-road vehicles is a perfect fit for CYAD. Our vision from day one has been to develop a business that caters to interests of the young, active outdoor enthusiast. The acquisition of outdoor lifestyle products and companies in this lucrative category is the foundation of our growth plan, and a strategic initiative that we are very comfortable in pursuing. Our team is experienced in acquisitions, talented in integration requirements, and skilled at identifying synergies and efficiencies."
The company has maintained a business relationship with Aqua Xtremes, the manufacturer of the XBoard, a jet-powered personal watercraft that looks like a surfboard but is powered by a rotary engine. Unanticipated delays in the delivery of the product to market led to a change in the business relationship. In return for the companies' investment in marketing and the initial product launch of the XBoard in 2005, CYAD maintains exclusive distribution rights for XBoard in the Western United States. As delivery of the product becomes eminent, CYAD will reinstate development of a dealer network, marketing activities and distribution of the product.
CYAD entered into an LOI with The Planet X Group in December of 2005. Over the past six months the Company has executed due diligence activities working closely with the Planet X Group to formalize their distribution network, catalogue their programming inventory, solicit advertising, develop programming relationships and create a host of new business opportunities with producers and media companies. CYAD continues to be excited and optimistic about the potential business relationship with Planet X and is confident that a media company that reaches the active, young X/Y generations in over 80 million homes across the world could play an important role in the development of the CYAD Outdoor Lifestyle vision. Over the past six months, numerous press releases regarding CYAD/Planet X business activities have been distributed over the business wire and carried by many trade and consumer media. Most of these releases are available for review at www.cyad.com. As an example of the business opportunities that CYAD has brought to Planet X, the company recently placed a television-advertising schedule on the Planet X TV network for Luvoo.com, an online dating service.
Key Accomplishments - January to June, 2006
1. Organization. CyberAds has built a sales and marketing team that is focused on the build-out of the RTV distribution network, and at the same time, is sourcing products and services that fit the company profile for acquisition. In June, the company completed the due diligence process and executed the acquisition of Rhino Off-road Industries - now a wholly owned subsidiary. (See press release June 20, 2006). The acquisition has led to the implementation of a growth plan that includes offshore production capabilities and international distribution agreements. Personnel from Rhino Off-Road Industries including Howard Pearl, President, and Stuart Green, VP of Business Development will continue with the company and become a key management component inside CYAD going forward.
2. ROI Dealer Network. Agreements with 13 dealers representing over 30 territories in some of the top off-road markets are in place. The CYAD/ROI sales team is currently in negotiations with dealers and distributors throughout North America and across the world to build-out a comprehensive distribution network.
3. Product Demonstrations & Competition. The Rhino RTV continues to be a crowd drawing feature at off-road 4x4 events and competitive rock crawling and rock racing competitions throughout the country. The Rhino RTV has competed in Rock Crawling competitions in Las Vegas, Globe Arizona and most recently at the W.E. Rock Nationals in Cedar City, Utah. Additionally, the vehicles have been on display at The S.E.M.A. and Off-Road Impact Show in Las Vegas in January and participated in the Tierra Del Sol Desert Safari in March. Participation and demonstrations in trade shows and off-road consumer events will continue to be a key promotional activity to introduce the Rhino RTV to the growing off-road enthusiast market.
4. Publicity. Over the past six months the Rhino RTV has been a featured news item on national media including business newswires and television. Coverage included:
a. TV: A three-month campaign on the PlanetX TV network featured video of the Rhino RTV in action. The thirty-second TV spot ran on the highly popular PlanetX programs reaching over 80 million homes across North America and worldwide. b. Business Newswire: Multiple press releases announcing significant marketing events with the Rhino have been published and distributed via the business wire in 2006. To review the releases, visit http://www.cyad.com, or http://www.rhino-offroad.com.
CYAD's Vision
CYAD will continue to focus on the build-out of the Rhino dealer network and the implementation of the Rhino production plan over the next two quarters. The Company continues to identify, pursue and negotiate with acquisition or merger prospects that are active in the outdoor lifestyle category. As distribution and marketing channels are developed for the Rhino RTV -- and for the XBoard once it is released to the market -- it is the vision of CYAD, that these same channels will accept other products and services brought to market by CYAD. Our mid-term vision is to acquire additional companies in the outdoor lifestyle sector that will accelerate revenue, and provide a synergistic fit for our sales and marketing team and distribution network. CYAD management is focused on providing shareholder value through accelerated revenue growth both short and mid-term, while improving earnings long-term through efficient roll-up and integration of acquisitions. Our desire is to own businesses that support the consumer buying cycles of outdoor lifestyle products, which allows our team to leverage relationships and activities across our growing distribution networks and expanding channels.
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the internet, and extreme sports industries, and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.
CyberAds, Inc. has and continues to institute changes to its strategies, operations and processes to address these risk factors and to mitigate their impact on CyberAds, Inc. results of operations and financial condition. However, no assurances can be given that CyberAds, Inc. will be successful in these efforts.
Contact: Contact: CyberAds, Inc. Investor Relations: Stephen Taylor 973-351-3868 STEPHTAYL9*AOL.COM
-------------------------------------------------------------------------------- Source: CyberAds, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Press Release Source: Klegg Electronics, Inc.
Klegg Electronics Unveils the New Video Klegg Mini Monday July 3, 6:00 am ET
LAS VEGAS--(BUSINESS WIRE)--July 3, 2006--Keeping with the demand for portable digital media players with video capabilities, Klegg Electronics is proud to introduce the Klegg Mini V12 MPEG-4 players. The players will come in storage capacities of 1GB, 2GB, and 4GB. The 4GB model will include Bluetooth technology. ADVERTISEMENT
These new additions to the Klegg product line, allows users to access a wide range of audio and video content. The portable media players will support MP3, WMA, MPEG4, WMV, DIVX and AVI formats. Slightly smaller than an Apple® iPOD and starting at less than $100, the Mini V12s sports a bright 1.8" TFT Color LCD screen. A built-in lithium-polymer battery offers 20 hours of continuous playback between charges. The 4GB Mini V12 featuring Bluetooth technology, will allow users to listen to high quality stereo sound through wireless headphones.
The Klegg Mini V12 will be available online and at retail locations by mid-summer. Klegg expects to announce further details concerning distribution soon.
About Klegg Electronics, Inc.
Klegg Electronics, Inc. (www.kleggusa.com; Other OTC:KLGE - News) is a manufacturer and distributor of high-quality consumer electronics. Klegg Electronics has focused on designing a variety of products that work seamlessly together within the home. Klegg distributes its high-end home electronics through specialty boutique stores nationwide, while distributing their portable electronics through music retailers and online. The corporation is headquartered in Las Vegas, NV.
-------------------- Cashing checks in two forms: Money and Reality
GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
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SMRE .10 Samurai Energy Corp. Announces Merger With ECCO Energy Corp. Friday June 30, 5:44 pm ET
HOUSTON, June 30 /PRNewswire-FirstCall/ -- Samurai Energy Corp., (OTC Pink Sheets: SMRE - News), and ECCO Energy Corp., a Nevada corporation, announced that they have signed an Agreement and Plan of Merger ("Merger Agreement") under which a newly formed wholly owned subsidiary of Samurai will merge with and into ECCO. Upon the consummation of the merger, ECCO will be a wholly owned subsidiary of Samurai and Samurai will merge with ECCO, for the sole purpose of reincorporating into Nevada and will change its name to ECCO Energy Corp. Closing of the merger is expected on or about July 15, 2006.
Under the terms of the Merger Agreement, each share of ECCO common stock issued and outstanding immediately prior to the merger will be converted in the right to receive three shares of fully paid, non-assessable shares of Samurai common stock.
In connection with the proposed transaction, Sam Skipper, the director of Samurai, shall be the initial director of the surviving corporation, ECCO Energy Corp.
The Boards of Directors of Samurai and ECCO each approved the transaction contemplated by the Merger Agreement.
Completion of the transaction will be subject to the customary definitive agreement, due diligence by both parties and other matters usually associated with business combinations.
About Samurai Energy Corp.
Samurai Energy Corp. is an independent oil and gas exploration and production company headquartered in Houston, Texas. The Company is engaged in the acquisition, development and production of oil and natural gas reserves. The company's primary focus is along the Texas Gulf Coast region.
About ECCO Energy Corp.
ECCO Energy Corp. is an independent oil and gas exploration and production company headquartered in Houston, Texas. The Company is engaged in the acquisition, development and production of oil and natural gas reserves. The company's primary focus is along the Texas Gulf Coast region.
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 "believes," "expects," "intends," "will," "anticipated," or "may," 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. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward looking statements that involve a number of risks and uncertainties. The reserve data included herein represents only estimates. Reserve engineering is a subjective process of estimating underground accumulations of oil and natural gas that cannot be measured in an exact manner. As a result, estimates of different engineers often vary. The estimates of reserves, future cash flows and present value are based on various assumptions, including those prescribed by the SEC relating to oil and natural gas prices, and are inherently imprecise. In addition, 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. Samurai Energy Corp. (OTC Pink Sheets: SMRE - News) takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that is not paid for by the Company.
-------------------------------------------------------------------------------- Source: Samurai Energy Corp.
"Life is not measured by the number of breaths we take, but by the moments that take our breath away."
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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FLMP (.35) Flame Seal Makes Major Breakthrough in Aerospace for Boeing, with Its FX-100 Fire Protection Coating in Response to Airlines Request for Simpler Application Methods During Regular Maintenance Schedules Jul 3, 2006 9:00:00 AM Copyright Business Wire 2006
HOUSTON--(BUSINESS WIRE)--July 3, 2006--
The much-publicized insulation coating system, developed by Boeing for commercial aircraft, and which is based on Flame Seal's FX-100 product, has been modified after discussions with Boeing and several airlines. The original coating system, demonstrated for the airline companies in June 2005, required heating the interior of the aircraft for two hours to effect a complete cure. Now, with recent improvements by Flame Seal Products, the system can cure at room temperatures, alleviating the primary concern of freight and passenger airline companies, regarding the practical use of this system to solve aging/fire resistance problems for insulation materials.
Follow-up testing is currently under way at the Boeing Commercial Airplanes in Renton, Washington. Boeing and Flame Seal continue to work together to provide the most efficient and effective solution to these aging related fire resistance problems, with special focus on the AN26 insulation blankets. "Even though a proven system has already been developed, an even more practical and user-friendly version is very close at hand," states Flame Seal's president Michael Kiser.
These, and other favorable results have expanded Boeing's interest in using Flame Seal's products to improve the flammability properties in many different parts of their airplanes. Currently Boeing is looking at using FX-100 in several different applications where improvements in flammability properties are desired. These include use in a fuselage sealant, as a flame retardant for insulation blankets, and as insulation for wire bundles and cargo liners.
In related news, other applications of Flame Seal's coatings on aircraft have led to two other joint development/secrecy agreements, which are currently being negotiated, based on Flame Seal's high-performance intumescent technologies, FX-100 and FX-1000 (which is a class of powder additives). More on this as permission is received to disclose to the public.
At this stage of development in this work, Flame Seal considers itself to be not only a Qualified Boeing Supplier, but also a strategic ally in Boeing's effort to improve safety.
From the President: "All work with Boeing Commercial Airplane Company is progressing steadily toward commercial applications, and will advance the state of the art of fire resistance for aircraft materials, providing new technologies for the ongoing enhancement of overall aircraft safety. This relationship with Boeing Commercial Airplane Company is an extremely beneficial one that drives the Company toward the development of more advanced products, leading to a strong business in Aerospace for the long term, as well as provide opportunities, expertise and credibility that attract customers and projects to the Company, which will bring in strong revenues in the short term."
Updates on projects with several companies are under review at this time by those respective companies for approval to release. Each will be released as the approvals are received by Flame Seal.
This press release has been reviewed and approved by Boeing Commercial Airplanes and by Flame Seal Products, Inc.
BACKGROUND:
FLAME SEAL PRODUCTS, INC. (FLMP) became a public company and began trading March 27, 2000 on the OTC (Non-BB "Pink Sheets") stock market. Flame Seal Products, Inc. is the Transfer Agent of record.
The "key" business strategy of Flame Seal is to create alliances with larger corporations, which quickly enhances the strength of the Company in each market by employing the networks for marketing, sales, applications, etc., that already exist within the structure of such Corporations. (See previous news releases.)
Source: Flame Seal Products, Inc.
----------------------------------------------
Flame Seal Products Inc. Houston Michael D. Kiser 713-668-4291 flameseal*flameseal.com www.flameseal.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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BEVERLY HILLS, Calif.--(BUSINESS WIRE)--July 3, 2006-- Imperia Entertainment, Inc. (Pink Sheets:IPRE) announced today that its board of directors has declared a stock dividend in its subsidiary, Muller Media, Inc. For every 1000 pre-reverse split (2 post reverse split) shares of Imperia Entertainment, Inc., held on the extended record date of July 3, 2006, a shareholder will receive one common share of Muller Media, Inc. (Pink Sheets:MLMD). The NASDAQ Stock Market will effect the split in the marketplace approximately three business days after the record date. Fractional interests will be rounded up to the nearest 1000 pre split or 2 post split shares. Muller Media will file a registration statement with the Securities and Exchange Commission to register the shares and the distribution date of the shares will be the date that the registration statement is declared effective by the SEC. Each eligible shareholder will receive a prospectus with specific instructions on how to participate in the distribution and receive their common shares in Muller Media. James Hergott, President, stated, "The Company has made tremendous strides in many different areas, including a difficult restructuring process, and completion of its first two feature films. Our shareholders have put tremendous faith in management during these events and we recognize that this would not have been possible without it." Kenneth Eade, Chairman, stated, "The dividend is a result of our belief in Imperia and Muller Media and their future."
About Imperia Entertainment
Imperia Entertainment, Inc. (www.imperiaentertainment.com) is a company which has emerged as a player in the area of independent film production and distribution, once monopolized by the major film studios. In conjunction with its distribution subsidiary, Imperia International Distribution, the company engages in investing in and producing and distributing full-length feature films. Along with its equity interest in "All That I Need" (www.allthatineed.net), released in theaters last December, Imperia's film properties include its feature film in post production, "Say it In Russian," starring Faye Dunaway and Agata Gotova, "Brothers," by Tarquin Gotch ("Home Alone"), "Never Submit," a feature film on the subject of mixed martial arts, and the award-winning "Autograph" television series (www.autograph.tv), which airs on the Colours Television Network.
About Muller Media, Inc.
Muller Media (www.muller-media.com), the majority owned subsidiary of Imperia, is a film production company dedicated to the production of high quality family feature films, with ratings of PG or G. The company's first feature film, "Whiskers," produced by Jordan Klein ("Flipper," "Jaws," "Thunderball") is a family adventure that surrounds a young sea lion.
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. Those statements include statements regarding the intent, belief or current expectations of Imperia Entertainment, Inc., Muller Media, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
KEYWORD: NORTH AMERICA CALIFORNIA UNITED STATES INDUSTRY KEYWORD: ENTERTAINMENT MOTION PICTURES DIVIDEND SOURCE: Imperia Entertainment, Inc.
CONTACT INFORMATION: Imperia Entertainment, Inc. James Hergott, 310-275-0089 or Vivian Fullerlove, 214-564-3359 (Public Relations) musbviv*yahoo.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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SGT Ventures Holds First Annual Public Shareholders Meeting Monday July 3, 9:30 am ET Company Announces Name Change to Stronghold Industries, Inc.
SANTA MONICA, Calif.--(BUSINESS WIRE)--July 3, 2006--SGT Ventures, Inc. (OTC:SGVN - News), a CorpHQ, Inc. (OTC:COHQ - News) portfolio company, today announced the Company held its first annual Public Shareholders Meeting on Friday, June 30, 2006 whereat it re-elected its board of directors, chose a new auditor, agreed to formally change the Company's name to Stronghold Industries, Inc. and elected Robert Perea as Chairman of the Board during the parliamentary actions.
Overall, the Company's management anticipates that 2006 will see a growth in the Company through a combination of organic sales growth, increased visibility in the marketplace, strategic relationships, and the actualization of the Company's merger and acquisition strategy aimed at increasing the overall value of the Company.
Stronghold Industries President, Robert Perea, stated: "During 2005 we executed on major steps to pave the way towards our public listing. Now that we have achieved those goals, we are excited to shift into high gear in reaching our other previously stated goals of completing several of the possible merger and acquisition targets in 2006 as we grow to an ever larger position in the marketplace. The name change to Stronghold Industries reflects our larger vision."
Stronghold Industries, Inc. is one of the premier high-end home security and protection providers and installers in Southern California with a client base that represents the entertainment, legal and business communities. Stronghold provides innovative technology-based security solutions and delivers, through its wholly-owned subsidiary, Moore Protection, leading edge alarms, digital surveillance systems and third-party alarm and video monitoring. Stronghold's strategy is to grow both organically and through strategic acquisitions of companies that span the landscape of residential security, entertainment and technology. The company's website is: www.sgtvinc.com.
About CorpHQ, Inc.
CorpHQ, Inc. provides money and management to high caliber early stage companies, fast-tracking their growth from startup to profitability. Acting as a business accelerator, CorpHQ works with high potential entrepreneurs and provides both the capital and hands-on leadership needed for long term growth. The company has a track record of building successful businesses and making a profit. Since 2001, it has helped develop seven companies while generating five consecutive years of growth and earnings for shareholders. CorpHQ, Inc. can be found on the internet at www.corphq.com.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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RSHN (.003) Healthy Hydration Inside and Out; e-water(TM) Makes its West Coast Introduction at Select Spas, Health Clubs and Gyms Jul 3, 2006 10:01:00 AM Copyright Business Wire 2006
BLUE ISLAND, Ill.--(BUSINESS WIRE)--July 3, 2006--
RushNet, Inc. (Pink Sheets:RSHN), the brand owner of e-water(TM), knows that summertime has officially arrived, bringing hot, humid weather and an increased risk for dehydration during exercise. Fitness enthusiasts who boost their physical activity during the warmest season of the year can take a stand against dehydration and replenish with e-water(TM), a bottled water naturally enriched with crucial trace minerals and electrolytes to provide the necessary elements to repair one's body after a boiling summer day or strenuous workout at the gym.
Bottled water is one of the fastest growing segments in the beverage industry, and U.S. residents now drink more bottled water annually than any other beverage besides carbonated soft drinks.(1) A fusion of spring and purified water, e-water(TM) offers the health-conscious individual the perfect opportunity to hydrate and replenish fluids that have been lost during exercise without the added sugar and carbohydrates found in other sports drinks. Select health clubs and spas across the western United States are now distributing e-water(TM) as a vital hydration accessory that can be used before, during, or after a workout.
The purpose of taking in nutrients and water during exercise is essentially to refuel muscles of the lost fluids and electrolytes which can lead to fatigue, muscle cramps, and decreased athletic performance. Per the April/May 2005 Issue of "Bottled Water Reporter," water or fluids without sugar are the most favorable beverages for hydration.(2)
"The benefits of replenishing energy and fluid during racing (and training, too, for that matter) include better performance, delay of fatigue, and even reduction in post-exercise muscle damage," says Dr. Robert Filice of Caring Medical and Rehabilitation Services. "There is a point in time where the athlete's performance will just steadily decline, almost to the point of no return. Therefore prevention of this by utilizing ... proper hydration is key. Athletes should try to fully replace fluid and electrolyte losses that occur during exercise... water alone is not sufficient, because drinking water does not replace electrolyte losses that occur through perspiration."(3)
It is important to drink a fluid containing electrolytes after intense activity to replace the vitamins and minerals lost during exercise, especially after a long workout at the gym. Unlike other waters, e-water(TM) contains over fifty electrolytes without the addition of sodium, carbohydrates, and artificial colors and flavors. e-water(TM) also contains fulvic acid, a unique ingredient that allows nutrients to enter the bloodstream and be absorbed by the body more easily and efficiently . Fulvic acid, called wujinsan ("golden medicine") in China, is a powerful and organic electrolyte that was once used in Chinese medicine as an anti-inflammatory and healing agent.(4)
e-water(TM) allows one to absorb the necessary nutrients without the added calories and sugar, and is a great complement to any weight loss or exercise program. Mr. Robert Corr, president of RushNet, Inc., has been dedicated for over 30 years to providing the highest quality beverages on the market. "I learned from my own personal experience that other waters in the market can't give total satisfaction and a response you can feel after a work out," said Corr, who cycles regularly. "e-water(TM) not only has a natural, pure taste, but quenches your thirst and energizes. I go everywhere with a bottle of e-water(TM)."
e-water(TM) will be made available nationwide in many natural and mainstream grocery stores, spas, health clubs, and fitness centers. e-water(TM) has already been introduced to 1700 spas and clubs in Southern California and 500 in Metro Chicago will be introduced to e-water(TM) the week of July 10th. For more information see www.enjoytherush.com.
Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
RushNet Inc. Robert Corr 708-389-6625 rushbev********** www.enjoytherush.com or Christie Communications Tim Sanchez 805-962-1347 tsanchez*christiecomm.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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ORGT (.27) Executes Agreement for Sale of Hydroponics Greenhouses to Spanish Customer for 1.8 Million Euro This is the First Order Received Under Previously Announced LOI Jul 3, 2006 10:00:00 AM
YOQNEAM, Israel, July 3 /PRNewswire-FirstCall/ -- OrganiTech USA Inc. (OTC: ORGT.PK), a developer and provider of advanced hydroponics systems, announced today the execution of an agreement for the sale of its hydroponics greenhouses to a Spanish customer for 1.8 million Euro. The agreement also provides the customer with an option to purchase two further systems for an aggregate of an additional 3.6 million Euro.
As previously announced, the sale is the first phase of the project for sale of OrganiTech's hydroponics greenhouses to a Spanish customer for up to 60 million Euro, over the next 5 years. The sale of additional systems will be based on the success of the first phase.
Mr. Lior Hessel, the Company's Founder and Chairman said, "This is the first phase in the realization of the LOI recently signed with the customer and announced by the Company. It is a strategic project for us and we are very excited about it. Our new customer is one of the largest European growers and exporters of agricultural produce in general and leafy vegetables in particular. The customer has decided to evaluate the hydroponics growing method with OrganiTech's advanced technology, and in the event of a successful evaluation will move its traditional outdoor soil- based production to a hydroponics production using OrganiTech's systems. "
OrganiTech, a US publicly traded company, is pioneer and world leader in providing hydroponics growing factories for the production of leafy vegetables and herbs. The Company designs, develops, manufactures, markets and supports hydroponics solutions and platforms for the agriculture and life-science industries, enabling a highly economic, clean and automated production. The GrowTech2500, the Company's leading product, is an automated, computerized controlled, hydroponics greenhouse, which enables year round, a high yield of commercial production (growing, harvesting and optional packing) of pesticide free, leafy vegetables and herbs with extended shelf-life. Moreover, the system significantly reduces heating and labor costs per plant (the most serious cost-drivers in the greenhouse industry) while making optimal use of other resources such as water and land.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, including statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects , plans and objectives of management, may be deemed to be forward-looking statements. The words "targets", "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "will," "would" and similar expressions or negative variations thereof are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and readers should not place undue reliance on the forward- looking statements. There are a number of important factors that could cause actual results or events to differ materially from the plans, intentions and expectations disclosed in the forward-looking statements made in this press release. Investors and others are therefore cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, our ability to complete the sale described in this press release. We are subject to the risks and uncertainties described in our filings with the Securities and Exchange Commission, including its Annual Report on Form 10- K for the year ended December 31, 2005. You should read those factors as being applicable to all related forward-looking statements wherever they appear in this press release. We do not assume any obligation to update any forward-looking statements.
For Investment and Media inquiries, contact: Yaron Shalem +972-4-9599515
SOURCE OrganiTech USA Inc
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For Investment and Media inquiries contact: Yaron Shalem +972-4-9599515
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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IPRE -- Imperia Entertainment, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: Muller Media Casts Principal Role in Feature, ``Whiskers''
BEVERLY HILLS, Calif., Jul 03, 2006 (BUSINESS WIRE) -- Muller Media, Inc. (Pink Sheets:MLMD) announced today that it has cast the principal role of the sea lion, "Whiskers," for its feature film of the same name. The Whiskers role has been filled by a loyal subject of animal trainer, Christopher Porter, founder of "Sea Lions in Open Seas," and the feature will be shot in the sea lion's home habitat at the Sea Aquarium in Curacao, Netherlands Antilles. "Whiskers" is produced by Jordan Klein ("Flipper," "Jaws," "Thunderball"). It is a family adventure that surrounds a young sea lion and the family he befriends. Kenneth Eade, Executive Producer, stated, "We are pleased to have cast the most important role of the film, the sea lion that will steal everyone's heart next summer."
About Muller Media, Inc.
Muller Media (www.muller-media.com) is a film production company dedicated to the production of high quality family feature films, with ratings of PG or G. According to a study made by the Dove Foundation of films made in the years 1989 through 2003, family films are 11 times more profitable than their R-rated counterparts. The company was created to take advantage of this new growing market.
About Sea Lions in Open Seas
Sea Lions in Open Seas, (S.O.S.), is a completely new program for Curacao, as well as the entire world. The project was created to establish a relationship between humans and one of the earth's incredible species, sea lions, and to conserve the species through education and understanding. By utilizing a specially selected group of animals, S.O.S. guarantees a safe and truly unique interaction in a natural setting. Sea Lions in Open Seas is a world's first program that features trained sea lions interacting with guests in the open ocean. From diving to snorkeling to kisses, participants have the opportunity to learn more about sea lions by meeting them face to face. S.O.S. is also actively involved in training search and rescue work. Due to their natural ability in the water sea lions make ideal assistants in working in partnership with the men and women risking their lives securing our oceans. The founder of S.O.S., Christopher Porter, has 18 years of experience in marine mammal training. Mr. Porter has been active and a pioneer in the behavior training profession of marine mammals. Mr. Porter has presented numerous papers on training and management of mammals all around the world. He has won several awards on his achievements in this industry.
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. Those statements include statements regarding the intent, belief or current expectations of Muller Media, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: Imperia Entertainment Inc.
CONTACT: Imperia Entertainment Inc. James Hergott, 310-275-0089 or Vivian Fullerlove, 214-564-3359 (Public Relations) musbviv*yahoo.com
Copyright Business Wire 2006
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KEYWORD: United States North America California INDUSTRY KEYWORD: Entertainment Motion Pictures Consumer Family SUBJECT CODE: Product/Service
Search for Dun & Bradstreet reports on this company.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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IDS Receives Buyout Offer for All Outstanding Shares at $1.75 per Common Share
2006-07-03 11:13 ET - News Release
ORLANDO, FL -- (MARKET WIRE) -- 07/03/06
IDS Worldwide, Inc. (PINKSHEETS: IDWD) IDS announced today that it has received an unsolicited offer to buy out the majority of all common shares of IDS Worldwide, Inc. for $1.75 per share. The offer by Worldwide Security Acquisitions was received over the weekend. IDS Board members will call a special board meeting immediately after the holiday to review this offer. IDS will consider the merits of the offer to determine if the offer satisfies the greatest long-term shareholder value.
IDS also announced today that in a joint marketing venture with HLS Worldwide, Inc. at a security expo signed 400 new clients in the last 3-day period. This further established HLS dominance in the security market as the fastest growing company in Asia. While revenue growth in the United States and the European community has fallen to single digit growth the Asian region is still experiencing triple digit growth rates yearly.
IDS previously reported that HLS executives informed IDS that they had been successful in their negotiations to acquire two USA based security companies. HLS informed IDS the company is acquiring one public trading company on the NASDAQ exchange and one private security company. Closing documents were compiled by the company's legal teams over the last 5 days and HLS will be signing the final documents on July 3, 2006. IDS under a non-disclosure agreement has reviewed certain business and financial documents related to the HLS acquisitions to assure IDS that the surviving company is a fully reporting, trading, operating and profitable company.
HLS will transfer all operation into the public company consisting of land-based security operations and it biometric product group. IDS is pleased that these acquisitions accomplish the previous goal of HLS special dividend being distributed thru the new acquired public entity. IDS will still own a large block of the publicly traded HLS Security Company adding long-term shareholder value for its common stock holders. HLS has informed IDS that after the closing docs are signed it will announce the completed details of both acquisitions.
IDS has been informed HLS plans it own separate release to approximately 500,000 targeted small cap investors detailing their plans moving from a private company to a public company, the company business profile and acquisition strategy for acquiring US Security Companies. HLS is using their own advisors and resources for this small cap investor campaign.
-------------------- JMHO. Do your DD. GLTA. Posts: 392 | Registered: Dec 2005
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