Network fighting to the top: Once the underdog, The Fight Network is now the most-watch digital sports channel in Canada
Jul. 6, 2006. 01:00 AM CHRIS ZELKOVICH
When The Fight Network launched last September, more than a few people in the TV business wondered if its owners hadn't taken a few blows to the head themselves.
How could a digital channel that had only six employees and no studio expect to compete against the giants of Canadian broadcasting?
Less than a year later, no one is asking that question any more. The Fight Network is giving more shots than it's taking and last month rose to the top of the digital sports channels heap.
Granted, that's a small heap. It outdrew all other digital sports channels by attracting an average of 3,500 viewers a minute.
While that pales in comparison to conventional and specialty channels, it was almost double the next most-watched digital sports channel, Fox Sports World Canada, which averaged 1,900 viewers.
But when the other channels are owned by the likes of CanWest Global, CTV and Maple Leaf Sports and Entertainment, that's no TKO.
"In many ways we knew a lot of this was going to happen," says TFN president Mike Garrow. "Our business plan is coming true, but in some areas this has been accelerated way beyond what we expected."
In fact, the channel is so confident that it is planning to expand to the U.S., Britain and Australia. It recently signed a deal to supply headlines and updates to Verizon, Sprint and Cingular cellphone users in the U.S.
It has also hired an agent in hopes of getting American distribution.
After launching as part of a Rogers free preview, the channel finds itself on 14 cable or satellite systems with more to come. The original six employees has grown to 25 full-time and eight part-time. The channel is also moving into a 14,000-square-foot office space, its first home.
``When we started we used to meet at Timothy's near Eglinton and Yonge," says Garrow. ``We were so small we could have met in a phone booth."
The secret to the channel's success has been airing exclusive events, which is what programming head Brian Sobie has concentrated on. Though sports like kickboxing and Japanese wrestling have a small following compared with mainstream sports, most will be watching if this is the only place to see it.
``We offer things that people can't get anywhere else," says Garrow.
That explains why a recent airing of a Japanese series called Pride Fighting attracted 45,600 viewers — a huge audience for a digital channel. In fact, some Maple Leafs games on Leafs TV barely surpassed that last winter.
The other factor has been the phenomenal growth of mixed martial arts, which features a mix of judo, jujitsu, karate, boxing and wrestling with no apparent rules. It's been called human cock-fighting by some.
It has given a shot in the arm to the Spike channel, whose Ultimate Fighting Championships (UFC) series has averaged more than 2 million viewers and is Spike's top draw among young males. It has drawn larger audiences than the NBA from that hard-to-reach demographic.
The Fight Network doesn't carry the no-holds-barred ultimate fighter matches, but has mixed martial arts from around the world. It also supplies pre- and post-match Ultimate Fighter coverage surrounding the Spike bouts.
"UFC has done a great job of promoting mixed martial arts and that's helped raise awareness of the sport," says Garrow. "It appeals to young men, who love the fact that the athletes have to have multiple skill sets, from Muay Thai kickboxing to Greco-Roman wrestling."
It also doesn't hurt that a series of UFC video games have primed young audiences for the all-out violence.
While the channel hasn't come close to making a profit yet, Garrow says that's not far off, thanks in part to keeping costs at a minimum. After all, rights to Amazon wrestling don't cost quite as much as NHL rights.
But the channel is only part of the operation. In addition to the cellular deals, The Fight Network website is selling a clothing line, fight gear, memorabilia and pay-per-view events. More is planned.
"We want to be the one-stop shopping place for fight fans," says Garrow. Additional articles by Chris Zelkovich
Cal-Bay International Completes Acquisition of Texas Retail Shopping Center Business Wire - July 06, 2006 09:51
CARLSBAD, Calif., Jul 06, 2006 (BUSINESS WIRE) -- Cal-Bay International, Inc. (OTCBB:CBAY) announces the company has completed the acquisition of a 24,000 square foot shopping center in the Dallas region of Texas.
Cal-Bay's Board of Directors announced the completion of the acquisition today and re-affirmed the facility is in need of restoration but has a significant upside in value. The Center is currently leased at approximately 35% and has a positive cash flow even on such small percentage occupancy. The company further commented the property is in the development path of the future Trinity River Project, which is scheduled to be one of the largest developments in the region over the next three years.
FORWARD LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.
The Company assumes no obligation to update any of the forward-looking statements in this release.
Cambodian Ventures Limited ( Pink Sheets: CMBV.PK - http://finance.yahoo.com/q?s=CMBV.PK ) Cambodian Ventures Limited is pleased to announce that the Company is making significant progress towards signing a definitive joint venture agreement with TTY Corporation of Cambodia to develop two gold mining properties in Kratie Province, Kingdom of Cambodia.
Mr. Gary J. Fineberg, President of Cambodian Ventures, accompanied by Mr. Trevor Burns, President of Tiger Capital, recently met with the President of TTY Corporation to discuss the next steps to be taken to develop TTY's gold properties. Mr. Fineberg and Mr. Burns also had the opportunity to tour TTY's facilities and operations and tour the mining sites.
"I am very pleased with the way discussions are proceeding with TTY. Both parties are keen to move forward as rapidly as possible. We are presently making arrangements to have a geologist come to Cambodia to prepare a feasibility report on both sites. Once the report is completed and assuming it is favorable, I am confident that a joint venture agreement will be consummated shortly thereafter," stated Mr. Fineberg.
"I am impressed with TTY's businesses and the gold sites. TTY is a very substantial company in Cambodia in the areas of agriculture and mining. The two gold sites are both easily accessible by roads and both show a history of mining activity," stated Mr. Burns.
"I am pleased to learn while here that Cambodian Ventures has several other exciting opportunities to explore. Furthermore, a large Australian mining company is now preparing to make a significant investment in six other gold properties in Cambodia, validating Cambodian Ventures' belief that tremendous mining opportunities exist in this country," added Mr. Burns.
About Cambodian Ventures
The mission of Cambodian Ventures Limited is to obtain licenses for the exploration and mining of precious minerals in Cambodia. The Company intends to carry out exploration activities in regions containing gold and other precious minerals. It is Management's opinion that high-quality minerals such as gold, zinc and other resources in Cambodia are largely untapped and that a significant opportunity exists for their development.
-------------------- "Simplicity is the ultimate sophistication"
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ITER (.14) to merge with Averion...$40M combined revs after merger
Creates World-Class CRO With Decades of Clinical Trials Support; Strengths in Oncology, Dermatology, Nephrology, and Medical Device Trials
BOSTON, MA and SAN DIEGO, CA -- (MARKET WIRE) -- 07/06/06 -- IT&E International Group, Inc. (OTCBB: ITER), a life sciences service organization and full-service clinical research organization ("CRO"), today announced that it has entered into an Agreement and Plan of Merger with privately held Averion Inc., a Massachusetts corporation ("Averion") and CRO, for the purpose of forming a world-class CRO. The transaction will combine two groups -- IT&E and Millennix, the IT&E division providing comprehensive clinical research services, and Averion -- to form a clinical research organization with unique therapeutic areas of expertise.
Under terms of the Agreement, Averion will be acquired for $25 million in stock, cash, and notes. It is expected that the newly combined company will have approximately $40 million in combined annual revenue, and maintain leadership positions in oncology, dermatology, nephrology and medical device development.
Averion's founder and Chief Executive Officer, Dr. Philip T. Lavin, will become Chief Executive Officer of the new company, overseeing the integration of the companies and directing the combined operations. Dr. Lavin founded Averion in 1983 and has over 20 years of continuous industry experience. He will continue to be active with clients and the FDA in strategic planning and product presentation. Gene Resnick, M.D., President and founder of Millennix, will work with Dr. Lavin. Dr. Resnick has over 25 years experience in oncology clinical practice, large pharmaceutical portfolio management and specialized CRO leadership. The combined company workforce will exceed 250 employees with offices located in the Boston, New York, San Francisco and San Diego metropolitan areas, and Darmstadt, Germany. The combined companies have helped clients achieve over 45 FDA approvals including 20 PMA approvals. Due to current and expected outsourcing project demand from the two combined client bases, staffing levels are expected to increase across the company.
"This transaction is a significant step in expanding our CRO business," said Alastair McEwan, Interim Chief Executive Officer of IT&E International. "We are especially pleased to have the talents of Phil Lavin and the organization he has built. Combining these two businesses brings our clients superior track records, decades of clinical and statistical experience at the senior levels, greater geographic reach with minimal client overlap, and a complementary set of processes and audits. In particular, we will leverage our depth in oncology and medical devices. We expect to make additional acquisitions as we address the needs of the estimated $10 billion clinical outsourcing market."
"We aim to create the CRO partner of choice," said Philip T. Lavin, Chief Executive Officer / President and Founder of Averion Inc. "We're excited to join IT&E and its Millennix division, a company with a track record like Averion's, and one that shares our core values. With our combined international reach, we believe we can address unmet needs in the areas of metrics and customer service that will enable Averion to better serve U.S. clients seeking extended validation and compliance services through the product life cycle. By combining, we also believe we can extend clinical support expertise to IT&E customers, and deliver strong customer service and state-of-the-art solutions."
Dr. Gene Resnick, Senior Vice President of IT&E and President of IT&E's Millennix division, through which IT&E provides comprehensive clinical research services, said, "This merger will give Millennix expanded access to clinical research systems, monitors, and other support personnel in the US and in Europe. We expect our clients to be enthusiastic at our ability to conduct larger and more demanding studies with a global scope. The fit is ideal."
"We're very pleased that Averion will be joining us as we continue to execute our life science strategy," stated Kelly Alberts, President and founder of IT&E International. "Averion has a demonstrated record of providing superior services, and we look forward to combining the organizations to give our clients a high quality, total product lifecycle solution."
The transaction, which is subject to certain closing conditions, is expected to close during July.
IT&E International's largest shareholder, The ComVest Group's private equity fund, ComVest Investment Partners II LLC, has committed to exercise its option to invest an additional $5 million in IT&E simultaneous with the closing of the merger.
About The ComVest Group
The ComVest Group is a Leading Private Equity Firm focused on investing in middle-market companies. Since 1988 ComVest has invested more than $2 billion of equity capital in over 200 public and private companies world wide. Through the firm's extensive financial resources and broad network of industry experts, the firm is able to offer its portfolio companies total financial sponsorship, critical strategic support, and business development assistance. The firm has offices in West Palm Beach, Florida and New York City, New York. (http://www.comvest.com)
About Averion Inc.
Headquartered in Southboro, Massachusetts, Averion Inc., and its European division located in Darmstadt, Germany, is a full-service CRO in business for 23 years with a therapeutic focus in dermatology, medical devices, nephrology, and oncology and core competence in FDA and product registration support, site selection, project management, medical and site monitoring, data management, biometrics, pharmacovigilance, medical writing, and full clinical trial management services throughout the clinical trials lifecycle. The company has supported over 40 FDA approvals to date with no refusals among submissions accepted for filing; in addition, the company has helped achieve approvals for six oncology-related product approvals. (http://www.averioninc.com)
About IT&E International Group, Inc.
Headquartered in San Diego, IT&E International and its Millennix division in Rye Brook, NY, is a full-service CRO that provides pharmaceutical and biotechnology companies with FDA and global regulatory compliance and validation services as well as full-service CRO support with an oncology focus throughout the product development lifecycle. The company's team of industry veterans utilizes the latest tools and procedures to help its clients move quickly and effectively from drug development through the FDA approval process. Consulting services throughout the product development lifecycle cycle include regulatory planning, providing skilled personnel for development operations, enterprise software and training to manage data and ensure FDA compliance and validation of new pharmaceutical manufacturing facilities. Oncology CRO services support Phase I - IV trials, and include regulatory and strategic planning, study design and implementation, site identification and management, safety reporting, data management and biotmetrics and reporting. (http://www.iteinternational.com) (www.millennix-inc.com)
Included in this release are "forward-looking statements." Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The Company's actual results could differ materially from those anticipated in the forward-looking statements. The Company refers you to the cautionary statements and risk factors set forth in the documents it files with the Securities and Exchange Commission, including its most recent 10-KSB. The Company is not under any obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
-------------------- The difference between genius and stupidity is that genius has its limits
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RMDG Announces Shareholder Update Jul 6, 2006 10:13:00 AM Copyright Business Wire 2006
PHILADELPHIA--(BUSINESS WIRE)--July 6, 2006--
RMD Entertainment Group (Pink Sheets:RMDG) today issued the following Shareholder update:
Dear RMDG Shareholders,
RMDG is currently in transition from a development company to a fully functional corporation bringing various products to market. We have achieved this in a short time frame of about ten months. A remarkable achievement considering we had to first do a massive restructuring of the company and change the business focus from defense contracting to multi media conglomerate with a focus on Hip Hop content. Currently, we are fully funded and have no short-term plans to issue additional stock.
We have built a global enterprise with a world wide marketplace for all of our product lines. It is my sincere belief that we can and will become the number one urban media production and distribution company in the world. My goal for the company is to be recognized as the number one corporation in Hip Hop while helping similar companies to ours succeed and find new and improved ways of giving back to the urban community. I feel we have exceeded my highest expectations to date and are well on our way to achieving our corporate destiny.
Here is a brief introduction to and progress update on our many initiatives.
1. Block Star DVD Magazine
The Company's long-awaited and highly-anticipated DVD magazine project, Block Star DVD Magazine, will be released in Europe at the end of July, 2006. The US release date will follow on August 15th. Our executive team has chosen to initialize distribution efforts on the retailing complex, focusing on such household names as Best Buy Co., Inc., Circuit City Stores, Inc. and Wal-Mart Stores as opposed to utilizing RMD's existing relationships with nearly 60 global digital distributors. U.S. Distribution will be handled along side longtime distribution pioneers, Bungalo Records and Universal Music Group, a subsidiary of Vivendi Universal and Video Distribution, while The Pickwick Group Ltd. of London will handle retail placement abroad. Beyond instant 'off the shelf' profitability, RMD executives are working with the creative forces behind The Block Star DVD Magazine to explore non-traditional ways for a project this unique to reach the ideal consumer - like making it available on Sony's PSP(TM) gaming and media platform or as a bonus feature accompanying other RMD products. On the more traditional side, RMD executives are quick to point out the extremely profitable advertising that can be earned from the broadcast of the product on all formats.
2. Roc Monee
Our rising star Roc Monee recently delivered with his performance at Zanzibar in Washington DC; he was also showing his overall ability to generate revenue for RMD. In spite of the intimate venue, Roc Monee's live performance was able to generate over $25,000.00 in net revenue for the RMD Entertainment family.
The intended purpose for the evening was for Roc to tape his first of many appearances on the Real Hip Hop Network (RHN); however, his performance obviously had a significant impact on the live crowd at Zanzibar as well by turning the evening into an unforgettable live event. We are heavily promoting him at the national radio level - preparing his fans for an amazing album. Roc Monee is loved by his fans and the media - we expect huge numbers from him.
His single "Overdrive" will be serviced to all major hip-hop radio stations around the country with a heavy emphasis on traditional terrestrial giants like Clear Channel and satellite pioneers like Sirius Radio and XM Radio. A promotional campaign like this is used to create demand for Roc Monee's album by large retail outlets like Target and Best Buy. Bungalo Records (exclusively distributed by Universal Music and Video Distribution) will service the U.S. retailers directly on behalf of RMD. The precise in-store date for the album's release is determined with the retail outlets' input based on predicted sales - it is expected to hit shelves in the U.S. on August 22nd and in Europe on August 29th. RMDG will also release the album in digital and ringtone formats through their 60 digital distributor list including familiar names such as iTunes, Sony Connect, Jamster, and more. RMD Entertainment has Roc Monee under contract for three albums.
3. Kuntree Album Project
Working tirelessly on his current album (2006 release), those in the know say that his highly intelligent rhymes are going to take the rap game in a whole new direction. While the dirty south continues to elevate hip-hop to new heights, Kuntree has refined his southern skills and added a healthy dose of east coast flavor to deliver a "melting pot" experience that we knew people would love. Since the RMD philosophy is bringing all streets to Wall Street, it looks like Kuntree added a brand new neighborhood to our corporate map. His recording is almost complete and our management expects release dates in early September for both the US and Europe. Spot test with national radio promoters have yielded glowing returns thus far. RMD Entertainment has Kuntree under contract for three albums.
4. Heavy D Joint Venture with Bungalo Records
Heavy D has been attracting international acclaim on several levels; however, this project is particularly hot. The media attention Heavy is getting this early on is indicative of how excited the public is to support his work. He is in the final stages of recording the album now and a release date is expected later this year (2006).
5. MoTV Inc.
MoTV, formerly a privately owned entity, has been working alongside an RMD development team for the last two years to bring a brand new mobile experience to the marketplace in 2006. The finished product can best be explained as a real-time broadcast similar to the original MTV platform - coupled with an interactive retail element reminiscent of the Home Shopping Network. This new hybrid mobile network not only delivers a totally new experience for the viewer, it also introduces three distinct revenue streams for network supporters: advertising, subscription, and retail. With deals being structured around the globe for our overwhelming content, MoTV is our own delivery vehicle designed to capitalize on the content we've worked so hard to amass. This technology by itself provides an unparalleled experience to the end user by delivering entertainment and retail interactivity to any mobile phone or device. This goes far beyond the current goal in the industry, which puts such a heavy emphasis on content; we are delivering real-time interactive content, which empowers the audience with the tools necessary to be entertained and shop simultaneously. Utilizing RMD's massive global hip-hop influence, we structured MoTV technology in such a way that there doesn't need to be one central hub for global content delivery, which means that we aren't limited by traditional bandwidth issues and our network is ready for implementation on a global scale as we speak. Last week we completed our beta testing of MOTV (trademark) and are presenting the programming lineup to our key advertising agencies Friday afternoon in Philadelphia so they can immediately begin selling commercial time in our platform to drive immediate revenue to RMDG. We will essentially have two channels worth of content to roll out on both the mobile and internet broadcast formats. They are MOTV1 and the RHN Network.
6. RHN (Real Hip Hop Network)
Not too long ago, RMD entered into a strategic partnership with the Real Hip Hop Network (http://www.rhn.tv), arguably the largest multimedia hip-hop content resource in existence with over fifteen thousand (15,000) hours of original programming in the can. According to the parameters of the agreement, RMD will have complete discretion with respect to the global distribution of all RHN content and are entitled to 50% of any revenue generated as a result of RMD involvement. By utilizing our longtime relationships with Bungalo Records (exclusively distributed by Universal Music & Video Distribution), The Pickwick Group Ltd. and over sixty digital music distributors, RMD Entertainment will instantly convert content to capital through both traditional and alternative distribution channels.
The Real Hip Hop Network is the first ever cable television network geared specifically toward the dynamic lifestyle and culture that defines hip-hop. By the end of 2006, RHN will reach over 17 million homes nationwide via cable and satellite, which gives this deal with RMD that much more impact. Not only will RMD now have a massive cross-section of their ideal demographic to introduce their artists, products and alternative content distribution to, but they will also be able to capitalize on the staggering advertising possibilities that come with that level of market penetration.
Along with our other RHN projects, we will co-produce five of the biggest hip-hop concerts to hit the stage this year. While details are still being ironed out with respect to performers and venue dates, hip-hop legends LL Cool J and Jadakiss were the first two headliners to announce their participation in the RMD/RHN production. RMD's own Roc Monee recently performed in Washington DC with LL Cool J...the show was taped for later broadcast on RHN; however, the crowd was blown away by Roc's performance and showed their support at the door.
Beyond that, we recently announced our deal with the Real Hip Hop Network to be a primary content provider for the highly anticipated MoTV platform by co-developing a mobile network devoted strictly to RHN programming. The Real Hip Hop Network will be the primary provider of applicable hip-hop content for MoTV over the next five years and the two companies will equally split all revenue generated as a result of the new mobile network. Tentatively called "MoRHN", this new network can utilize the proprietary MoTV technology to bypass traditional cable barriers and deliver RHN programming directly to the consumer via any IP (Internet Protocol) enabled mobile device. To compliment this effort we recently entered into a joint venture with RHN for satellite transmission.
Our ad agency remains excited about the prospects of selling ad space on the content of the network in all broadcast formats in all world territories. Ad sales are expected to begin this month (July).
7. Google.
We recently signed an agreement with Clayton Entertainment (http://www.claytonentertainment.com), which enables them to feature our entire content library on Google Video. This step marks a profound evolutionary step for RMD and our original video distribution model. According to the deal, Google Video will now be the premier distribution platform for all RMD multimedia content including, but not limited to, artist videos, live concert events and the bulk of the 15,000 hours of urban media programming acquired from their recent deal with the Real Hip Hop Network (RHN). Through our relationship with Clayton Entertainment, RMD will now be able to utilize Google's proprietary technology to stream content to the masses while using the platform to generate revenue from billable content downloads, merchandising and the multitude of advertising opportunities. As I addressed the earlier projects in our current cache I did not hit upon the fact that this deal may be the most powerful revenue driver in our corporate toolbox. The reason is simple, numbers. Each day, over 350 million people visit Google. If only 1% of the visitors viewed or downloaded RMDG content that would be over 3.5 million viewers a day. In the scenarios of selling our product or enticing advertisers to spend on placement within our content, a powerful and convincing argument can be made, thus creating a virtually limitless opportunity for earnings. We have placed a limited amount of content on Google Video and some of the RHN programming quickly shot to a top ten position on Google's Most Wanted. I have a major meeting with Clayton Entertainment Thursday in Manhattan to discuss the layout of content on the Google site as well as commerce parameters and promotional opportunities. I feel confident we should have a substantial amount of commerce up by the end of this month leading to almost immediate earnings from this platform.
8. All In. Hip Hop Soundtrack CD
RMD and "All In" the movie (http://www.themovieallin.com), have aligned to put together an opportunity for fans to 'cash in' on what is shaping up to be one of the most generous promotional packages of 2006. As the film "All In" continues to be touted by poker and entertainment insiders as one of the most authentic poker-related films to date, RMD was handpicked early on by the film's executives to produce a powerful hip-hop driven soundtrack that would effectively parallel the film's full throttle pace. Partypoker.net has agreed to team up with the "All In" creative marketing team on a promotional package that is nothing short of revolutionary. As a sign of support for the film, Partypoker.net has agreed to offer all new members a generous gift if they sign up using a special code created just for fans of "All In" the movie. If fans visit http://www.themovieallin.com or http://www.partypoker.net and upon request, enter special code "ALLINCD", they will be rewarded with a special "All In" debit card loaded with fifty dollars and the film's hip-hop driven soundtrack produced entirely by RMD Entertainment and prominently featuring Roc Monee. The tracks for this CD are currently being compiled for release and once completed, a release date for the CD will be determined by movie executives. Release is expected this calendar year (2006).
In conclusion, I say this to shareholders of RMDG. We have taken bold and sometimes uncharted steps in creating substantial opportunities for revenue for 2006 and beyond. I am confident my staff is up to any current or future challenge we may face. The near future looks very bright to me for RMDG. We set out on a specific game plan 10 months ago and have followed it effectively and to the "t". Each decision was made with the best long term shareholder value in mind. As we now begin to reap the rewards of our efforts in the form of revenues and additional earning opportunities, you can expect a lot of the same approach from me. Thank You for your support, we have officially "turned the corner" in a big way today.
About RMD Entertainment Group
RMD Entertainment (RMD) is a cutting-edge entertainment company that is primarily focused on the development and international marketing of 'hip-hop' music, including compact discs, digital downloads, and personal 'ring tones' for mobile phone customers, as well as other 'hip-hop' lifestyle products. The Company has also created MOTV, the ability to stream video content to mobile devices, including cell phones and PDAs. RMD has significant successes internationally and its staff producers have collaborated with some of the most influential names in the music today including Sting, David Byrne of the Talking Heads, George Kranz, Freedom Williams of C & C Music Factory, Stevie Winwood, Robin Scott, and jazz saxophone legend Bill Evans, among others. The Company current possesses an impressive hip-hop catalogue, which it distributes exclusively through Bungalo Records and Universal Music Group (a subsidiary of Vivendi Universal (NYSE:V)) in North America and in Europe through the Pickwick Group Ltd. of London.
Forward-Looking Statements
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 RMD Entertainment Group, 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. 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.
Best Wishes and God Bless You All,
Giorgio C. Costonis, CEO
RMDG "Where Hip Hop Meets Wall Street"
Source: RMD Entertainment Group
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For RMD Entertainment Group Philadelphia Jed Wallace 310-234-3200 jwallace*mphpr.com
-------------------- The difference between genius and stupidity is that genius has its limits
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Caledonia Completes Private Placement and Confirms Blanket Transaction Now Closed Caledonia Mining Corporation ("Caledonia") (TSX: CAL)(OTCBB: CALVF)(AIM: CMCL) is pleased to announce the completion of a $3,625,928 private placement financing which was first disclosed in the first quarter report. Caledonia is also pleased to confirm that the transaction to purchase the Blanket Gold Mine in Zimbabwe, originally announced in our press release of June 20th 2006, has been closed as of July 5th 2006.
The Blanket Mine has Proven & Probable Mineral Reserves totaling 3.2 million tonnes with an average grade of 4.24 grams per tonne. The Mine currently mills 600 tonnes per day of underground ore at an average grade of 4.1 grams per tonne and produces an average of 2,100 ounces of gold per month. Further details are available in the June 20th release and on the Caledonia website. Dr Trevor Pearton, PhD, FGSSA., Caledonia's Geological Consultant, is Caledonia's "Qualified Person" with respect to the Blanket Mine property for the purposes of Canadian National Instrument 43-101.
The placement, which was handled by fiscal agents in Europe, was for 34,828,259 units priced at between $0.12 and $0.15 each. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share of Caledonia at a price of between $0.15 and $0.18 for a period of 12 months from the date of issue. The new shares, which cannot be traded for four months from the date of issue, are expected to be admitted to trading on AIM on 10 July 2006.
In conjunction with this financing, Caledonia Mining Corporation has made a block listing application for 34,828,259 common shares to be admitted to trading on AIM, with admission expected to occur on 10 July 2006. The block listing arrangement is being put in place for the 34,828,259 warrants that were issued pursuant to the share placement, as mentioned above.
The funds raised will be used to fund the optimization of the underground production and metallurgical circuit at the recently completed Plant expansion at the Barbrook Mine in South Africa, and the exploration activities at the Rooipoort PGE Project in South Africa and for general corporate purposes.
Caledonia continues to be debt free.
Further information regarding Caledonia's exploration activities and operations along with its latest financials may be found at www.caledoniamining.com.
Certain statements included herein are "forward-looking statements". Management cautions that forward-looking statements are not guarantees and that actual result could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause the actual results of operations, exploration or development programs, or the financial condition of the Company, to differ include, but are not necessarily limited to, the risks and uncertainties discussed in documents filed by the Company with the various regulatory authorities having jurisdiction.
TrackPower Announces the Opening of the Gaming Facility at Tioga Downs With Record Breaking Numbers TrackPower, Inc. (OTCBB: TPWR) today announced that Tioga Downs opened the new 19,000 square foot gaming facility on July 4, 2006. Approximately 10,000 visitors enjoyed 750 video gaming machines achieving $343.00 win per unit. The facilities other entertainment offerings opened last month with a new 90,000 square foot grandstand, restaurants, lounges, arcades, entertainment, retail, live racing and simulcasting. The grand opening celebration of Tioga Downs gaming will be on July 10, 2006. Tioga Downs is located in the Southern Tier in Nichols, New York, near Binghamton.
Ed Tracy, President and Chief Executive Officer of TrackPower, Inc., commented, "We are very pleased with the initial response to our gaming product which is consistent with the great response to our racing product. After a difficult week in our area due to flooding, it is gratifying to see this level of support."
Tioga Downs is solely owned by American Racing and Entertainment, LLC ("American Racing") an entity in which TrackPower has a 20% membership interest. The other members of American Racing are Southern Tier Acquisitions II, LLC, Nevada Gold NY, Inc. (a wholly owned subsidiary of Nevada Gold & Casinos, Inc. AMEX:UWN) and Oneida Entertainment, LLC holding 20%, 40% and 20%, respectively.
This release includes projections of future results and "forward-looking statements" as that term is defined in Sections 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.
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FGFC (.016) Enters Negotiations to Acquire Another 50 Million Share Block of the Company's Outstanding Restricted Shares thus Further Reducing the Company's Authorized Shares Jul 6, 2006 10:32:00 AM Copyright Business Wire 2006
NEW YORK--(BUSINESS WIRE)--July 6, 2006--
First Guardian Financial Corporation (Pink Sheets:FGFC) today announced that it has entered negotiations to acquire another block of 50 million outstanding restricted shares.
The Company keeping with its stated commitment to reduce its share structure is very optimistic that a deal to acquire this block of restricted common shares can be achieved, If the company is successful in its efforts the result will be another reduction in outstanding shares to a total of 102 million authorized shares.
"The company continues to position itself for listing on the OTCBB this potential additional reduction in the company's authorized shares coupled with the company's previously announced buyback plan would be huge," stated Abraham Rosenman, President of First Guardian Financial Corporation. Mr. Rosenman also stated "We expect to get it done within the next couple of days."
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests and provides financing for its own portfolio in small to mid sized businesses nationally. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain 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. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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SMMW (.0001) Cancels Common Stock, Further Reducing Issued and Outstanding by 300,000,000 Shares Jul 6, 2006 12:27:00 PM Copyright Business Wire 2006
DENVER--(BUSINESS WIRE)--July 6, 2006--
Summus Works, Inc. (Pink Sheets:SMMW) announced the Company retired and cancelled three hundred million shares of outstanding common stock. The shares are the latest to be retired and cancelled by the Company in accordance with management's VVV initiative to enhance shareholder value. Management stated that it will continue to reduce the issued and outstanding in its ongoing campaign to augment the Company's price per share.
Summus Works, Inc. (Pink Sheets:SMMW) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Source: Summus Works, Inc.
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Summus Works Inc. Dan Burgess 888-607-9495 summus*summusworks.com or SmallCapVoice.com (Investor Relations) Stuart T. Smith 512-267-2430 Info*Smallcapvoice.com
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OMOG (.0065) Chairman has bought 10M shares in open market
HOUSTON, TX -- (MARKET WIRE) -- 07/06/06 -- OMDA Oil and Gas, Inc. (PINKSHEETS: OMOG) announced today that its Chairman Adam Barnett has recently purchased the company's common shares in the open market.
Mr. Barnett has purchased over ten million shares of OMOG since Wednesday June 28th 2006. These shares were bought for personal investment purposes.
Adam Barnett, Chairman, stated, "I am releasing this announcement in an effort to be as open with the shareholders as possible. I bought these shares as a personal investment in our company because I am excited about the future both short-term and long-term. As I accumulate additional shares, I will inform the public either through additional press releases or company newsletters."
About OMDA Oil and Gas, Inc.
OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc., Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas), are in the business of oil and gas production and lease acquisition. Currently the Company owns average participation interests approaching 47%, in 355 producing and non-producing oil and gas wells in Louisiana and Texas, as well as 100% gross interest in an undeveloped 1,116 acre, horizontal play in the Panola Field, Panola County, Texas. Current acreage interests include a 15% working interest in 800 acres in Shelby County, TX and a carried back-in working interest of at least 7.5% up to 37.5% in a 12 well work over play in the Concorde Dome Field in Andersen County TX.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact: OMDA Oil and Gas, Inc. Investor Relations 800-621-0113 IR*omogoil.com www.omogoil.com
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IDS Receives Increased Offer From HLS of $2.35 per Share IDS to Consider Increased Offer for IDS Excluding 995ad.com Division E-mail | Print | | Disable live quotes Last Update: 11:06 AM ET Jul 6, 2006
ORLANDO, FL, Jul 06, 2006 (MARKET WIRE via COMTEX) -- IDS Worldwide, Inc. (PINKSHEETS: IDWD) IDS reported earlier today that HLS has made a counter to the offer received from WSA to purchase IDS Common Stock. HLS executives had stated the company would meet or exceed the offer of WSA, but still keep the division of 995ad.com as a separate asset to be spun-off later thru its own offering. HLS and WSA executives informed IDS executives at 11p.m. EDT that the two companies will meet again this morning to continue their negotiations. IDS executives informed both parties that no sale would be considered that included the 995ad.com unless the offer was in excess of $5.00 per share. IDS feels it would not be in the interest of common stockholders to sell 995ad.com at this young growth stage of the division. HLS has informed IDS that they would be proceeding on their own in this acquisition and WSA has decided to make its own separate offer for the 995ad.com division. IDS had made in clear to both parties that the company would not consider the sale of that division unless certain price levels where met. HLS has increased its offer to $2.35 per share and informed IDS upon acceptance of the offer HLS would have its banker JPMorgan Chase setup the appropriate closing escrow accounts. IDS has informed HLS that upon acceptance of the offer HLS will have to pay a $5 Million non-refundable deposit to be placed in the escrow accounts till closing. IDS will consult with its advisors to determine if the offer is in the best interest for its common stockholders. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations. Contact: For further information: IDS Worldwide, Inc. info*ids-worldwide.com SOURCE: IDS Worldwide, Inc. mailto:info*ids-worldwide.com Copyright 2006 Market Wire, All rights reserved.
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XM disappoints; Sirius outperforms views TRADING CENTER Top News MarketWatch | Other June shopping patterns paint a hazy picture 12:35pm ET 7/6/2006 Fla. Supreme Court tosses out $145 bln tobacco damages 12:26pm ET 7/6/2006 U.S. stocks boosted by tobacco ruling, rate hopes 11:54am ET 7/6/2006 More MarketWatch top news GM to Lay Out Objections to Alliance 12:47pm ET 7/6/2006 PayPal President Steps Down 12:46pm ET 7/6/2006 Quest to Restate Results After Options Probe 12:46pm ET 7/6/2006 More news from other sources IN THIS STORY Companies Ids Worldwide Inc (IDWD) Create alert Add to portfolio
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PVNC (.042) Signed a Letter of Intent to Acquire a National Group of Diagnostic Imaging Centers Jul 6, 2006 12:44:00 PM
LAS VEGAS, NV -- (MARKET WIRE) -- 07/06/06 -- Prevention Insurance (OTCBB: PVNC) is pleased to announce that the company has signed an LOI to acquire a national group of diagnostic imaging centers. Prevention believes this will provide a nationwide platform to build a larger company and intends to pursue additional strategic acquisitions within this industry.
Pending approval from the Board of Directors of both companies and if financing is completed, the transaction will close within 90 days. The transaction will produce revenues in excess of $20 million with a projected income of $3.3 million in EBITDA. Banking sources familiar with this sector have suggested that comparable public companies are trading in the 4 to 4.5 times EBITDA range. The centers utilize MRI and Cardiac CT Technology. These are the main diagnostic tools used by physicians to diagnose and treat cancer, heart disease and numerous other medical conditions.
Scott Goldsmith, the President and CEO of Prevention Insurance, commented that, "We believe that with an aging population that diagnostic imaging centers will continue to be a high growth, high profit industry for the foreseeable future. We have elected to pursue an acquisition strategy and build shareholder value through acquisitions in the MRI and PET areas."
About Prevention Insurance:
Prevention Insurance is a public insurance holding company whose strategic focus is to acquire companies in the diagnostic imaging center industries. Prevention Insurance was founded in 1999.
Safe Harbor Statement:
Forward-looking statements and comments in this news release are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements regarding potential future plans and objectives of Prevention Insurance are forward-looking statements. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond Prevention Insurance's control. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially depending on many factors, including those described above. Prevention Insurance cautions that historical results are not necessarily indicative of the company's future performance.
Contact: Prevention Insurance Scott Goldsmith (702) 732-2758 Email Contact
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Sorry. Should have posted the earlier one first.
IDS Updates Buyout Offer for All Outstanding Shares at $1.75 per Common Share IDS, HLS and WSA Executives Meet to Discuss Increased Offer E-mail | Print | | Disable live quotes Last Update: 9:17 AM ET Jul 6, 2006
ORLANDO, FL, Jul 06, 2006 (MARKET WIRE via COMTEX) -- IDS Worldwide, Inc. (PINKSHEETS: IDWD) IDS announced today that HLS has made a counter to the offer received from WSA to purchase IDS Common Stock. HLS executives have stated the company would meet or exceed the offer of WSA, but still keep the division of 995ad.com as a separate asset to be spun-off later thru its own offering. IDS executives yesterday had talks with both companies and those talks were abruptly postponed further, until today when HLS made an offer to form a joint venture with Worldwide Security Acquisitions and proceed jointly with an increased buyout offer. HLS and WSA executives informed IDS executives at 11 p.m. EDT that the two companies will meet again this morning to continue their negotiations. IDS executives informed both parties that no sale would be considered that included the 995ad.com unless the offer was in excess of $5.00 per share. IDS feels it would not be in the interest of common stockholders to sell 995ad.com at this young growth stage of the division. HLS and WSA combined revenues for 2006 currently exceed $60 Million and combined assets in excess of $10,000,000, neither company carries any debt. IDS has informed both parties that it would like to have the negotiations concluded not later than close of business July 7, 2006. HLS also informed IDS that today its advisors were applying for the CUSIP number to finalize the distribution of the special dividend. Numerous shareholders have received "book entry" of the dividend in their brokerage accounts, while some brokerages have yet to record this entry. By obtaining the CUSIP number it will allow all brokerage houses to complete the distribution. Forward-Looking Statements
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Silver Screen Studios, Inc. (OTCBB: SSSU) www.silverscreenstudiogroup.com, today announced the update of its business model and restructuring efforts. We have restructured our primary business focus to diversify our ability to grow and increase our ability to implement different projects.
Restructuring Accomplishments:
-- Our investment banking unit has developed the principal protected investment note as a means to raise capital for our real estate and entertainment business units. The principal protected note, ("PPIN") allows an investor the safety of return of the entire investment at a predetermined time. We intend to use the PPIN to acquire or develop businesses to aid in the shareholder enrichment plans under development.
-- We are nearing the implementation of operations on the restructuring efforts we began in May 2006. Our real estate business unit is reviewing preliminary plans on the feasibility of the acquisition of a tract of undeveloped land for future development.
-- Our entertainment business unit has several projects under consideration and a decision will be made as soon as our 504 financing becomes effective.
-- We've registered the domain name www.OTCBB-Finance.com as part of our financial services business unit as a location where information regarding OTCBB companies will be posted. The website is under development.
-- We are in final development of the dividend plan and our shareholders enrichment activities that we will shortly announce along with the plans for increasing our equity value and increasing our capital structure.
SSSU Business Model:
Several major companies have recently undergone restructurings: Viacom, (NYSE:VIA), splitting into two separate companies, Apple Computer, (NASDAQ:AAPL) with the sale of Pixar Entertainment to Disney (NYSE:DIS). We have based our investment banking unit on the Goldman Sachs (NYSE:GS) business model incorporating vertical integration. Our business model while based on the above companies restructuring is unique and we expect our restructuring to give us the ability to move to the forefront of OTCBB companies.
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on SSS behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control.
SOURCE: Silver Screen Studios, Inc.
Silver Screen Studios, Inc. Donald Evans, 404-255-0400 sssu*mindspring.com.
Copyright Business Wire 2006
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RSLI .037 - Russell Industries to Become Fully Reporting OTCBB Company Jul 6, 2006 10:52:00 AM
HOUSTON, TX -- (MARKET WIRE) -- 07/06/06 -- Russell Industries, Inc. (PINKSHEETS: RSLI) announced today that it has begun the process of becoming fully reporting and upgrading its classification to Bulletin Board. "Russell Industries can reach a greater investor audience, further its strategic goals and enhance shareholder value by having the opportunity to have its stock quoted as a fully reporting OTC:BB," said Rick Berman, CEO of Russell Industries. "We have the infrastructure in place to make this move and I believe it is an important step for us to take as we begin to execute the early phase of our strategic business plan."
Russell Industries was cleared for PK quotation on April 6, 2006. The company's symbol is RSLI. The company is headquartered in The Woodlands, Texas and has a wholly owned subsidiary that will serve as the operating company located in Sheridan, Wyoming. The President and CEO of the company is Rick Berman.
The company is in the oil and gas exploration services industry. RSLI is continuing development of a patented water treatment process that has been discharged in oil and gas exploration. The process makes the water safe for disposal back into the environment. The company has focused on testing in the Powder River Basin of Wyoming and Montana where Coal Bed Methane (CBM) exploration is prominent. The company has leased additional technology from Lawrence Livermore Laboratories, the leading U.S. Department of Energy research laboratory. By combining technologies, RSLI's prototype is able to remove sodium, barium arsenic and any other contaminant containing a positive or negative ionic charge. The end user of this technology is any oil gas exploration entity that has to apply for permit to drill and subsequently has to present a plan to any Department of Environmental Quality or regulatory agency to show how discharged water will be treated. RSLI CEO commented, "After evaluating the results of further testing during 2006 and the first quarter of 2007 the company will make a decision as to whether to commercialize, lease or sell its technology to the market." Also the CEO expressed that, "Russell Industries plans to grow aggressively by making strategic acquisitions of companies with present cash flows that will be immediately accretive to the company's bottom line. The shareholders are and will remain the company's number one focus."
About Russell Industries, Inc.: Russell Industries, a Nevada Corporation, was incorporated in 1997. From its inception until 2005 the Company engaged in locating and developing base and precious metals and waste stream reclamation. In May 2005 the Company's founders elected new management with a strong background in the securities, financial, energy and healthcare industries. New management quickly restructured the organization and guided Russell Industries through a successful 15(c)2-11 registration for Pink Sheet quotation. The new Russell Industries is a holding company for assets in the energy industry. Market and economic conditions being what they are, we feel energy is a great marketplace to focus our efforts for the immediate future.
Safe Harbor
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. The Pink Sheets does not require companies whose securities are quoted upon its systems to meet any listing requirements. With the exception of a few foreign issuers, the companies quoted in the Pink Sheets tend to be closely held, extremely small and/or thinly traded. Most do not meet the minimum listing requirements for trading on a national securities exchange, such as the New York Stock Exchange or the NASDAQ Stock Market. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies. For all of these reasons, companies quoted in the Pink Sheets can be among the most risky investments. That's why you should take extra care to any company quoted exclusively in the Pink Sheets. Be aware that some broker-dealers are required by SEC Rule 15c2-11 to have some information about the issuer. Ask your broker-dealer whether it has any Rule 15c2-11 information before you invest.
Contact: Rick Berman Russell Industries 66 Mill Point Place The Woodlands, TX 77380 Tel (713) 446-7231 Fax (281) 298-9055
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GZFX (.0059) Opens Distribution Centers in Texas & Northern CA.
FRANKLIN, KY -- (MARKET WIRE) -- 07/06/06 -- GameZnFlix, Inc. (OTCBB: GZFX), an online provider of video games and DVD movies for rent or purchase, is opening new distribution centers in Northern California and Texas.
John Fleming, CEO of GameZnFlix, Inc. stated: "We will be opening new distribution centers in Northern California and Texas during the month of July. The Northern California location will split California in two sections. By adding these centers it will bring our total to eight distribution centers with a few more to come during the balance of 2006."
In addition to the above, the following milestones represent areas of development that the company is currently working on for 2006.
* Continue the current advertising campaign targeting the online user and rural communities across the country. * Research and development to identify future product delivery platforms. * Sponsorship and endorsement programs. * Possible expansion into Canada and the United Kingdom.
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, DVD movie titles, books and audio books 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.
For further information, please contact: GameZnFlix, Inc. corporate offices 1 (888) 542-6817
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One Voice Announces Availability of Media Center Communicator Version 2.1; Voice Recognition for Windows XP Media Center 2005 Includes iTunes Compatibility and DVD Changer Integration
Business Wire via COMTEX
Jul 6, 2006 2:04:37 PM
LA JOLLA, Calif., Jul 06, 2006 (BUSINESS WIRE) --
One Voice Technologies, Inc. (OTCBB:ONEV), developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets, today announced the availability of its new version 2.1 of Media Center Communicator(TM).
New features in Media Center Communicator version 2.1 include:
-- Apple iTunes compatibility for iTunes music using voice commands to play music by Artist, Album, Playlist or Genre. For more information on Apple iTunes please visit http://www.apple.com/itunes
-- Visual display of Apple iTunes music from within the Windows XP Media Center experience for viewing and playing music by Artist, Album, Playlist or Genre
-- DVD Changer compatibility for immediate access to your personal DVD library using voice commands to play DVD movies
-- Increased voice recognition accuracy for very large digital content libraries containing thousands of music artists, albums, songs, videos, photos and recorded TV shows
-- Free upgrade for registered Media Center Communicator owners. Send email to mccsupport*onev.com for upgrade instructions
About Media Center Communicator
One Voice's Media Center Communicator is a complete in-home multimedia communications package for Microsoft Windows XP Media Center Edition 2005 -- enabling users to speak, using voice recognition, to play and view all their digital content from iTunes/MP3 music, digital photos, slideshows, videos, live TV and much more! Media Center Communicator also comes with a suite of communications features to send and read E-mail, SMS text messaging to mobile phones, Instant Messaging (IM), full motion PC-to-PC audio and video chat and PC-to-Phone calling to place phone calls worldwide.
Imagine walking into your family room and using your voice to tell your Media Center to play jazz music or play your favorite artist or album, play a photo slideshow, watch and record live TV, read and send E-mail, call to order a pizza or video chat or Instant Message with a friend. Media Center Communicator delivers on this vision today! For more information, please visit http://www.onev.com/mcc or for an online demonstration go to http://www.onev.com/videos/mccoverview.wmv or http://www.onev.com/videos/mcc.wmv.
About One Voice Technologies, Inc.
One Voice Technologies, Inc. (OTCBB:ONEV) is the world's first developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets. Our Intelligent Voice(TM) solutions employ revolutionary, patented technology that allows people to send messages (E-mail, SMS, Instant Messaging and paging), purchase products, get information and control devices -- all by using their voice. The company is headquartered in La Jolla, California. For more information, please visit http://www.onev.com.
FORWARD-LOOKING STATEMENT DISCLAIMER
Some of the statements made in this press release discuss future events and developments, including our future business strategy and our ability to generate revenue, income and cash flow, and should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These "forward-looking" statements can generally be identified by words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," and similar expressions. These statements involve a high degree of risk and uncertainty that exists in the Company's operations and business environment and are subject to change based on various factors that could cause actual Company results, performance, plans, goals and objectives to differ materially from those contemplated or implied in these forward-looking statements. Actual results may be different from anticipated results for a number of reasons, including the Company's new and uncertain business model, uncertainty regarding acceptance of the Company's products and services and the Company's limited operating history.
Media Center Communicator and mceSpeechTools are trademarks of One Voice Technologies, Inc. All other products and company names herein may be trademarks of their registered owners.
SOURCE: One Voice Technologies, Inc.
The Cervelle Group Rob Karbowsky, 407-475-9966 Fax: 407-475-9859 rob*thecervellegroup.com
Copyright Business Wire 2006
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PWTC .0749 July 06, 2006 02:39 PM US Eastern Timezone
Power Technology and Sentry Power Featured in Delaware News Article
HOUSTON--(BUSINESS WIRE)--July 6, 2006--Alternative Energy Developer Power Technology (OTCBB:PWTC) and their recently acquired backup power subsidiary, Sentry Power, were featured in Delaware-based The News Journal on July 4, 2006. News Journal writer Eric Ruth's article entitled "Winds Give Buyout A Push" can be read in its entirety at the following address: www.delawareonline.com (type "winds give" in the search box at the top of the page, click "go" and select article #1).
About Power Technology and Sentry Power Technology: Installed indoors, the Sentry Power system is quiet, produces clean office and/or household power, is completely automatic, transferring backup power demand onto the batteries in less then 20 milliseconds, and then returns primary power demand back to the utility when power is restored. Battery charging is fully automatic with the systems requiring minimal monthly operating costs. To learn more, visit the company at: www.sentrypowertechnology.com.
Power Technology, Inc. is an alternative energy Research and Development Company engaged in activities regarding alternative battery technology using materials with up to 50% less weight and significantly less lead content than conventional batteries. The Company is in the early stages of commercializing its technology, and has designed equipment and systems to manufacture its patent pending batteries.
Please visit our website at www.PWTCBATTERY.com for more information or call the company directly at 713-621-4310.
All forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Power Technology, Inc. (PWTC) may differ materially from these statements due to a number of factors. PWTC 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.
Contacts
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MADISONVILLE, LA -- (MARKET WIRE) -- 07/06/06 -- Phoenix Associates Land Syndicate (PINKSHEETS: PBLS) (www.pbls.biz) herein presents selected financial and operational data, for the benefit of its shareholders, as it progresses with its independent audit of 2004 & 2005.
Revenues for the full-year 2005, if full year participation of 2005 acquisitions was assumed, increased to $165,971,862, up strongly from $465,452 in 2004.
Operational and Other Recent Highlights:
-- Phoenix announced on June 20th that it completed the acquisition of TCB Properties, U.S. Inc., a Florida corporation.
-- Phoenix announced on June 20th that it filed a corporate action with the Nevada Secretary of State to increase its authorized shares of common stock from 997 million shares to 1.75 billion, and to increase its authorized shares of preferred stock from 3 million to 250 million.
-- Phoenix's Board of Directors on June 19th issued a clarification of its stock repurchase program and announced it would repurchase up to one hundred million shares at a price of $0.03 per share.
-- Phoenix announced on April 26th that it has completed a stock repurchase program announced last November 9th with the buy back of more than 110 million shares of its common stock and announced it would continue the stock repurchase program for an unlimited number of shares of Phoenix Common Stock.
-- Phoenix announced on May 23rd the recent approval by the US Army Corps of Engineers of aggregate products from the Company's Murphy Sand & Gravel reserves for use in the rebuilding of the Greater New Orleans area and the Gulf region.
-- Phoenix announced on May 2nd it had acquired three Texas-based oilfield companies; Sam's Oil Country Inspection Services, Inc., CM Ideal Energy Services, Inc. and CM Ideal Energy Directional Drilling Services, Inc.; businesses that are expected to contribute revenues of approximately $11 million in 2006 with operating profits of approximately $2 million.
-- Phoenix announced on December 15th the acquisition of ProGas, Inc. of Covington, LA, a natural gas and oil marketing company.
Paul Alonzo, President and CEO of Phoenix, stated, "I am very pleased with the strong growth of our Company over the last year. We at Phoenix believe that our business model has made it possible to grow rapidly in 2005 & 2006, and to continue on our path to becoming a much stronger company in the chosen business sectors being pursued. Our philosophy of growth, to buy, buy, buy, and then buy some more, is the philosophy that made it possible for us to grow from under a million in revenues in 2004 to more than $165 million in revenues in 2005. This is terrific growth by any measure."
Mr. Alonzo added, "Our balance sheet continues to strengthen as a result of the strong operational performances through our assembled companies. Our net cash balances exceeded $6.6 million at the end of 2005, showing a healthy trend."
Financial Highlights and Comments:
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BOSTON, MA -- (MARKET WIRE) -- 07/06/06 -- Technest Holdings, Inc. (OTCBB: TCNH), a defense and homeland security company, today issued the following letter to Markland Technologies' (PINKSHEETS: MRKL) shareholders:
Dear Shareholders of Markland Technologies,
On June 29, 2006, Technest Holdings, Inc. filed an SEC registration statement on Form SB-2 to register 2,500,000 shares that will be distributed by Markland Technologies, Inc. as a stock dividend to Markland shareholders of record as of May 1, 2006. I want to welcome you to Technest Holdings, Inc., and tell you why your arrival as new shareholders could not have come at a better time.
Who we are: Our Company is an industry leader in the fields of defense force protection, remote sensing technologies, chemical detection and host of other emerging security technology applications. Our customers include the U.S. Department of Homeland Security, U.S. Department of Defense, and the National Institutes of Health, as well as U.S. Army, Navy, and Marine intelligence agencies. In May, for example, we received a further $7.7 million from the U.S. Army's Night Vision and Electronic Sensors Directorate (NVESD) for additional remote sensor technology products and engineering services.
Products and technologies: Our products and technologies are used for border surveillance and port security, training and training devices, and intelligence and special security. We also have a series of products, some in current use and some in late development stages, addressing the evolving commercial opportunities offered by the recently proposed Secure Border Initiative (SBI) of the Homeland Security Department.
We believe the market opportunities for growth are strong, and that we are well positioned to build on our achievements. I invite you to listen to a discussion of the Company's strengths on http://www.MeetTheCEO.com.
Strong revenue growth: We posted record revenue of over $55 million for the nine months ended March 31, 2006, and gross profits for the same period of nearly $10.3 million, or 19% of revenue. We also posted an operating loss of $1.1 million and a net loss for the period of $3.3 million. As I stated at that time, these results confirm our ongoing business strategy of creating a world-class integrated portfolio of sensing technology products, services and solutions to meet national security needs.
Technology platform and products: Over the past year, we have built a strong platform for future performance through our two wholly owned subsidiaries: 1) EOIR Technologies -- a leader in engineering support and prototyping for nearly 25 years, specializing in electro-optic sensor systems and, 2) Genex Technologies -- an advanced organization for three-dimensional imaging research and development.
Our core competencies in R&D, engineering services, systems integration and prototyping have enabled us to build a strong intellectual property (IP) portfolio. Currently, Technest has more than 25 patents and patent applications pending as well as five trademarks. By exploiting these key assets, we have developed a series of advanced security products for use by government agencies. For example:
-- Cerberus System -- a re-configurable multi-sensor, high-resolution system designed for long-distance infrared and visible light detection as well as motion detection, which also maintain seamless panoramic coverage of 360 degrees, among other benefits.
-- AACES -- Automated, Adaptive Chemical Examination System -- not only detects but also identifies chemicals at standoff ranges of several kilometers and can do so passively, at a distance safe from danger to the user. The system can also transmit data wirelessly to a PDA, allowing the user to be at even greater standoff ranges.
-- WASS -- Wide Area Surveillance System -- is a multi-sensor targeting system with real-time imaging, situational awareness displays and a 360-degree gimbal scan. Still in development, we believe this product shows excellent potential for solving force protection, site monitoring and border-security problems.
-- 3-D Camera Imaging System -- creates integral 3-D images with the ability to incorporate identification and biographical information on a real-time basis. One current application of this system is used to store profiles in a database that can be instantly applied by law enforcement agencies in the event a child is reported missing.
High-level security position: Approximately 56% of Technest's total workforce of approximately 200 employees has special top-secret clearance and 97% of all our employees have interim secret clearance at a minimum. This unique characteristic allows us to work very closely on highly sensitive initiatives with key government agencies, such as the U.S. Army's Night Vision and Electronic Sensors Directorate, the Marine Corps Systems Command, the Navy Sea Systems Command, the National Ground Intelligence Center, and more. In today's intense geopolitical climate, we believe other companies cannot replicate this capability because of increased difficulties in obtaining the wide range of security clearances needed.
Moving ahead: As we continue to grow our IP portfolio and maintain the stable cash flows from our core service business, we expect our future annual revenues to be driven primarily by strategic alliances for our new products.
Product pipeline: Currently, we have a pipeline of approximately 20 products that will follow the commercialization of our initial products, and we are actively pursuing accretive acquisition candidates in order to broaden our core capabilities. Our goal is to combine Technest's expertise in product development with companies specializing in product sales, distribution and technology licensing. By building a following for our products with broad-based applications, we endeavor to deliver above market returns for our shareholders.
High-growth potential: When the investment bank Rodman & Renshaw invited us to present at their Third Annual Security, Biodefense & Connectivity Conference on June 19, 2006 our unique business model drew investor attention for its steady contract based revenue and strong growth potential. Our funded backlog of more than $48 million ensures a steady flow of future cash flows as we execute the next phase of our growth strategy. We have established a leadership position in the high-growth security marketplace, and we are confident that our expertise in defense technologies will drive long-term shareholder value.
Corporate Governance: In keeping with our desire to become listed on a national exchange, we are committed to a strong corporate governance structure. We have already established a Board of Directors with a majority of independent directors. These independent directors also comprise our audit committee and compensation committee. We invite you to visit our website at http://www.technestholdings.com to learn more about the company and review our published code of ethics.
We welcome you aboard!
Sincerely,
Dr. Joe Mackin
President and Chief Executive Officer
"Forward-Looking Statements"
Investors are cautioned that certain statements contained in this press release, as well as some statements in periodic press releases and some oral statements of Markland Technologies and Technest Holdings Inc. officers and directors during presentations, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: a reduction in order rates from the Army's Night Vision and Electronic Surveillance Directorate, insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies by the marketplace, and disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Markland Technologies, its products, economic and market factors and the industries in which Markland Technologies does business, among other things. These statements are not guarantees of future performance and Markland Technologies has no specific intention to update these statements. More detailed information about those factors is contained in Markland Technologies filings with the Securities and Exchange Commission. http://www.sec.gov.
Contact: Investor Relations Consulting For Strategic Growth 1 Ltd. Stanley Wunderlich CEO Tel: 800-625-2236 Fax: 212-337-8089 Email:info*cfsg1.com
-------------------- The difference between genius and stupidity is that genius has its limits
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