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KDSC .0063 KidSational, Inc. Teen Pop Group TGK Performs for 200,000 at the Largest Independence Day Celebration in Central Florida Market Wire - July 11, 2006 8:31 AM (EDT)
SAVANNAH, GA, Jul 11, 2006 (MARKET WIRE via COMTEX) -- KidSational, Inc. (PINKSHEETS: KDSC) and their music division, KDS Music Group, is pleased to announce that teen pop group TGK performed at "Red Hot and Boom," hosted by the City of Altamonte Springs, Florida and WXXL 106.7 FM. "Red Hot and Boom" is the largest Independence Day celebration in Central Florida, with over 200,000 spectators in attendance.
In addition to TGK, there were on-stage performances by several internationally known musical talents: Aksent, Michael Warren, Cheyenne, Big 10-4, Stacie Orrico, Teddy Geiger, and Ashley Parker Angel. The grand finale was performed by one of America's most prestigious pyrotechnic companies, Pyro Shows, Inc., which presented a spectacular 30 minute fireworks show that was simulcast by WXXL 106.7 FM and projected from large video screens for enhanced viewing and sound.
"TGK's performance was electrifying and one of the best at 'Red Hot and Boom.' Performances like that will only continue to improve the reputation of the group and the marketability of their recently released debut album, which is now available at Trans World (f.y.e.) locations and other indy music retailers," stated Rod "Allegro" Norman, President of KDS Music Group.
The Company recently announced that it will be hosting a Nationwide Teleconference on July 18th at 4:15 p.m. EDT to update the financial community on recent events that affect KidSational, Inc. and its shareholders. There is expected to be a high demand for the call-in lines for this Nationwide Teleconference and space will be limited. Please call today 1-866-THE-APPL(E) to reserve your place and receive the information which will enable you to participate in the conference.
About KidSational, Inc.:
KidSational, Inc., a Georgia-based Corporation, is a creator and distributor of cutting edge safety and educational programming for children. The Company's CEO and President, Steve Ruff, is the creator of "The Guardian Safety Game," currently utilized in schools and institutions across the country and selling in retail stores. The Company plans to relay safety messages to children worldwide through its various business projects and products, including "The Guardian Game," a feature film and TV series, KDS Entertainment, and ancillary products such as educational stickers and backpacks.
SAFE HARBOR ACT: 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. 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-looking 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.
Great American Family Parks Targeted Multi-Media Advertising Campaign Commences PR Newswire - July 11, 2006 8:31 AM (EDT)
--Initial Focus on Atlanta Market--
BOISE, Idaho, July 11, 2006 /PRNewswire-FirstCall via COMTEX/ -- Great American Family Parks, Inc. (OTC Bulletin Board: GFAM), a company focused on buying and managing profitable regional theme parks and themed amusement attractions in the United States, announced today that the Company has begun a targeted multi-media, advertising campaign. The first phase of the Company's advertising program consists of television commercials and a comprehensive direct mail campaign, both targeted to potential park visitors in the Atlanta market.
The television advertising campaign featuring Great American Family Park's wholly owned theme park, Wild Animal Safari, commenced on June 5, 2006 and ran through June 23, 2006. The campaign consists of a 30-second commercial, airing daily on Atlanta television including the networks of ABC, NBC, FOX, and CBS. The commercial ran on all channels at various hours including mornings and evenings. The direct mail campaign coincided with the placement of television commercials, targeted to audiences in pre-selected locations, based on extensive market research. To view the commercials please visit http://www.weloveparks.com/wildanimal.html .
The 12 month Wild Animal Safari marketing plan was facilitated by Jeff Lococo, a member of Great American Family Park's Board of Directors. Mr. Lococo has over twenty-five years of experience in the theme park, entertainment and hospitality industry. Most recently, Mr. Lococo spearheaded the Marketing and Advertising program for Great Wolf Resorts, Inc. and was responsible for Great Wolf's Resort Operations.
Mr. Lococo said, "Wild Animal Safari is a beautiful family park where visitors are able to tour and interact with animals in a simulated, indigenous and natural habitat. It is one of the few remaining animal parks in the United States where animals live in the open and visitors are able to come face to face with them, similarly to what it would be like on a true African safari. Our goal in creating this campaign is to reach out to the people who live close to Pine Mountain, Georgia to plant the seed that they are only a short drive away from this amazing family experience, which is located less than two hours outside of Atlanta."
Dr. Larry Eastland, President of Great American Family Parks, said in making this announcement: "Over the past several months the Company has developed and begun to implement a strategic plan to enhance the park, through upgrades and increased attractions to draw and retain visitors. This campaign reaches out to a large and diverse audience in the Atlanta market to create better awareness for our growing theme park. With the cost of fuel, travel, and entertainment clearly on the rise, visiting our park offers an alternative to expensive entertainment outlets and vacations. GFAM continues to take steps to grow attendance and deliver the best experience possible for people who visit our parks. Our recent upgrade to the park, additional concessions in tandem with this strategic marketing campaign has the potential to grow our already strong business for the combined benefit of customers and shareholders alike."
About Great American Family Parks:
Great American Family Parks is focused on buying and managing profitable regional theme parks and themed amusement attractions in the United States. By building a family of parks, GFAM plans to develop a series of compatible, yet distinct entertainment and amusement products, including themed amusement parks, associated products, food and beverage, and multimedia offerings. For more information on the Company, visit http://www.weloveparks.com .
Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995:
The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2005, the Company's Quarterly Report on Form 10-QSB for the first quarter ended March 31, 2006. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
SOURCE Great American Family Parks, Inc.
Ashley Hull of Great American Family Parks, +1-208-342-8888, or hunnyhull*leamanagement.com; or investors, Bethany R. Tomich of Equity Performance Group, +1-617-723-1465, or Bethany*equityperfgp.com
iPackets International, Inc. ("iPackets") (PINKSHEETS: IPKL), a global developer and provider of a wide range of wireless and communications solutions for selected enterprises including the mining industry, announced today that it has selected the ARM7 system-on-chip 802.11 wireless technology for its next-generation compact iPMine-M8 810C tracking device, which is scheduled for market introduction during the fourth quarter of this year.
By utilizing the ARM7 technology platform for its tracking devices, iPackets will have a foundation that will enable it to introduce such new features as sensor processing, Voice over Internet Protocol (VoIP), and video streaming in future versions of the company's tracking devices. The ARM7 technology platform will also provide premium processing power to run the multiple features in an efficient manner.
iPackets' management team expects this technology to be very much aligned with the requirements of iPackets' customers and the overall market needs.
"The Wi-Fi market is booming with new solutions that we can utilize in our system for a more efficient design, and the ARM processor is now the number-one core technology used in embedded systems," said Kouros Goodarzi, vice president of engineering of iPackets. "With this technology, we can rely on a fast, powerful, and yet low-power solution for our M8 devices, thereby increase battery life and enabling us to design and manufacture smaller-footprint devices."
"Using a standard ARM core as the application processor for our M8 devices is in line with our roadmaps of moving towards a more feature-rich handheld device for miners to carry," added iPackets CTO Ara Bedrossian.
About iPMine
iPMine is a real-time two-way wireless communications solution designed to significantly improve the safety of miners and equipment in virtually any size mine. iPMine tracks, monitors, and communicates with miners and equipment underground and above ground. Location information of both miners and equipment is collected and displayed live on one or more monitoring stations against a background of a mine's terrain map. iPMine's scalability and flexibility features make it ideal to be deployed in any size mine supporting multiple levels and/or sites. iPMine's redundant communications feature makes the system highly reliable to efficiently operate in the harsh mining environment.
About iPackets International, Inc.
iPackets International is a global developer and provider of a wide range of wireless and communications solutions for selected enterprises, including mine-safety. iPackets' solutions utilize a breakthrough wireless technology to manage data packets reliably and efficiently over any wireless network and virtually on any wireless device. For more information, please visit www.ipackets.com.
Certain statements included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations.
Contact: Investor Relations 1 (778) 328-9008
SOURCE: iPackets International, Inc.
Copyright 2006 Market Wire, All rights reserved.
-------------------- The difference between genius and stupidity is that genius has its limits
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Heenan Blaikie, Jean Chretien Team With Millenia Hope in a Crusade Against Malaria PR Newswire - July 11, 2006 8:30 AM (EDT)
MONTREAL and WILMINGTON, Del., July 11, 2006 /PRNewswire-FirstCall via COMTEX/ -- Millenia Hope Inc., a Biopharma (OTC Bulletin Board: MLHP; Frankfurt: MLF), announced today that the prestigious Canadian Law Firm, Heenan Blaikie, with the support of one of its senior partners, the Rt. Honorable Jean Chretien, former Prime Minister of Canada for 10 years and a great advocate for the people of Africa, has pledged its resources to help alleviate the human suffering and devastation caused by malaria in Africa. Millenia Hope, a Montreal, Canada based U.S. Biopharma, has dedicated its resources for the past nine years to developing its anti-malarial drug, Malarex/MMH 18.
Heenan Blaikie and Mr. Chretien have committed themselves to fight debilitating infectious diseases in Africa, with an initial focus on malaria. They are appealing to the supporters of this noble cause to join them in fighting these devastating diseases. In an effort to initiate this crusade against malaria, they have chosen to join hands with Millenia Hope Inc. Heenan Blaikie applauds the passion and commitment of Millenia's tenacious efforts to develop a global solution for the Malaria disease. Mr. Jacques Bouchard Jr., spearheading Heenan Blaikie's efforts in this regard, has been instrumental in forging this unique humanitarian alliance between Heenan Blaikie, and Millenia Hope Inc., to fight malaria in Africa.
Leonard Stella, Chairman and CEO of Millenia Hope, stated, "Heenan Blaikie, represented in this effort by Former Prime Minister Chretien, has pledged itself as Canadian goodwill Ambassadors to do their utmost to help Africa. We hope and pray that their fiery passion and our total commitment to alleviate the suffering caused by malaria will be dawn of a new era for the people of Africa."
ABOUT MILLENIA HOPE:
Millenia Hope develops innovative treatments and products that enhance the quality of life, has put in place programs to fight major infectious diseases, and promote healthier lives. Our team is committed to research and development to deliver on global medical needs and to bring hope through healthcare solutions.
ABOUT HEENAN BLAIKIE:
Heenan Blaikie has become one of the leading law firms in Canada. The firm is over 400 lawyers strong and has been involved in commercial transactions and advisory projects all over the world, more specifically in many African countries.
Heenan Blaikie has within its ranks a number of prominent individuals who have made their mark on the international stage, including the Rt. Honorable Jean Chretien, P.C., Q.C., former Prime Minister of Canada, Pierre-Marc Johnson, Former Premier of the Province of Quebec as well as the Honorable Donald J. Johnston, the Former Secretary-General of the OECD.
SAFE HARBOR STATEMENTS:
Certain statements made in the release may contain language describing the plans, goals, strategies, intentions, forecasts, and expectations of Millenia Hope/Millenia Hope Biopharma that may be referred to as "forward-looking statements." Several important factors could cause actual results to differ materially from those in such forward-looking statements and Millenia Hope could encounter unanticipated obstacles and delays in developing products, services and markets.
SOURCE Millenia Hope Inc.
Mr. Leonard Stella, CEO of Millenia Hope Inc., +1-514-846-5757, +1-514-288-8822, leostella*milleniahope.com
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SFPS .11 SafePay Solutions Inc. Ends Second Quarter of 2006 with Considerable Gains, Processing Revenues Up Over 30% from Previous Month PR Newswire - July 11, 2006 8:30 AM (EDT)
Second Quarter Processing Revenues Increased over $11,000,000.00
NEW YORK, July 11, 2006 /PRNewswire-FirstCall via COMTEX/ -- SafePay Solutions, Inc. (OTC Pink Sheets: SFPS) is pleased to announce that for the seventh consecutive month gross processing revenues have surpassed those of the previous month. Furthermore, SafePay reported over $13,260,314.88 in processing for the first six months of this year, with about $11,389,829.58 coming in the second quarter alone (April through June). A substantial increase when compared to $1,870,485.47 in gross processing revenues the company produced in the first three months of 2006.
For the month of June, SafePay Solutions, Inc. took in $5,841,672.84 in gross processing transactions compared to $4,144,441.57 in May, and $1,403,715.18 for the month of April. The month also saw an increase in numbers across the board, from credit card processing to Instant E-checks, with every category witnessing a dramatic increase. SafePay Solutions Inc. CFO, Mr. James Marshall, also stated that to go along with the gross processing revenue numbers, the company will begin reporting its net revenue income in the near future so shareholders have a better understanding as to where the company stands financially.
SafePay Solutions, Inc. expects gross processing revenues to continue to grow. There are many reasons for this confidence. First, the company now has over 41,000 members utilizing SafePay processing, a number that continues to grow every month. Also, as stated previously, the company continues to add new product suppliers, which has created new sales and additional members at an unprecedented rate. Finally, SafePay Solutions, Inc is looking forward to becoming a fully reporting company upon the completion of its audited financials. This audit is currently in process by Semple & Cooper, LLP, Certified Public Accountants of Phoenix Arizona, an independent member of the BDO Seidman Alliance.
About SafePay:
As an online payment provider, SPS brings you the highest level of security, convenience and speed of any online payment system. Our solutions for businesses and consumers all around the world are innovative, secure, and cost-effective. With SafePay Solutions, anyone with an e-mail address can send and receive payments, while merchant and corporate clients can conduct business with its vast array of financial management tools.
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties.
Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made.
SOURCE SafePay Solutions, Inc.
Alex Livak +1-347-813-4664 alivak*fortuneir.com, for SafePay Solutions, Inc.
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TPBD .36 Tulip BioMed Begins Negotiations for Worldwide Distribution Plan Market Wire - July 11, 2006 8:28 AM (EDT)
President Darin Andersen Undertakes Trip to China as Company Approves Production for Large Capacity Cannula Used in Liposuction
SAN DIEGO, CA, Jul 11, 2006 (MARKET WIRE via COMTEX) -- Tulip BioMed(TM), Inc. (PINKSHEETS: TPBD), formerly known as Cell Bio-Systems, a developer of medical devices and patented technologies for the living tissue markets, including plastic, cosmetic, and orthopedic surgeries, today announced that the company is now in full negotiations with potential distributors worldwide.
President Darin Andersen is currently in China along with Board of Advisor participant Jay Poe to negotiate with several potential distributors in the Pacific Rim and China. Poe is a principal with NYPRO Corp., a global manufacturing company doing a billion dollars a year in revenue, and acts as a strategic advisor to Tulip BioMed and its production capabilities.
"This is an important step in meeting our overall distribution plan," said Marc Pilkington, CEO of Tulip BioMed. "Jay is well-experienced in global operations and is a wonderful asset for the company. I am sure that he and Darin will negotiate well for Tulip BioMed, helping us to put in place a worldwide distribution plan to complement our recently announced global certification strategy."
Tulip BioMed also announces the release of a second wave of products into production. These products are geared for large volume liposuction and were covered by the 510-K that received FDA clearance in May 2006. The anchor product for this group, the 60cc hub cannula, has completed its design and prototype stage and has been released for production. Samples are expected to be available for the American Society of Plastic Surgeons convention in San Francisco, October, 2006. Distribution of these products are planned for (Q1) 2007.
About Tulip BioMed, Inc.
Tulip BioMed, Inc. (PINKSHEETS: TPBD), formerly known as Cell Bio-Systems, Inc., is a Nevada corporation with operations based in San Diego, California. Founded in 2004, Tulip BioMed, Inc. is a medical device, biotechnology company that manufactures and distributes patented technologies for the plastic and cosmetic surgery, biopsy, orthopedic surgery, stem cell therapy and other living tissue markets. Tulip BioMed, Inc. is the exclusive licensee of patented syringe connection devices that use the worldwide recognized Tulip brand name. Tulip BioMed, Inc. manufactures, markets, and distributes medical devices, adapted with these and other patented technologies, to physicians, clinics, military, health organizations, hospitals and other distribution outlets. For more information go to: www.tulipbiomed.com. Products are available for sale at www.tulipdisposable.com.
Safe Harbor: This press release contains certain forward-looking information about Tulip BioMed, Inc., formerly Cell Bio-Systems, Inc. ("Cell Bio-Systems"), which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)," and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Tulip BioMed, Inc., that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history, our need for additional capital to pursue our business strategy. We are a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission. We trade on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities. Readers are cautioned not to place undue reliance on these forward-looking statements. Tulip BioMed, Inc. does not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Falcon Natural Gas Corp. Announces it Has Commenced Drilling Operations on its Garrett 1-27 Well, South Wilburton Prospect, Latimer County, Oklahoma PrimeZone Media Network - July 11, 2006 9:00 AM (EDT)
By Staff
HOUSTON, Jul 11, 2006 (PRIMEZONE via COMTEX) -- Falcon Natural Gas Corp. (OTCBB:FNGC) with WhitMar Exploration Company has begun the first well of their planned drilling project located in Latimer County, Oklahoma. The South Wilburton Prospect will target the Spiro formation. The Spiro formation is one of the main natural gas producing formations in the area with a track record of excellent production. Total drilling depth is expected to reach 14,700 feet. Surface facilities are located nearby and no issues are expected.
Falcon Natural Gas Corp. has purchased 16.67% of the working interest in the Mabry 1-13 Well, South Ridgeway Prospect. Falcon also will pay 16.67% of all well costs and G&G costs, third party prospect fees, land brokerage costs, lease bonus and all other similar costs of the prospect.
The drilling area in central east Oklahoma was chosen because of its location within one of the larger natural gas producing areas of North America. The comprehensive infrastructure and enormous industrial resources make it an ideal drilling area.
Falcon Natural Gas Corporation, based in Houston, is a natural gas exploration company focused on the acquisition and exploration of commercial prospects in onshore areas of the U.S.A. For more information visit www.falcongas.com.
Founded in 1979, WhitMar Exploration Company is a private energy company with offices in Denver, Colorado and Houston, Texas. The company is actively engaged in the drilling and development of natural gas and oil prospects in the continental United States, with primary focus on natural gas in the Mid-Continent, Rocky Mountain, and Gulf Coast regions. www.whitmar.com/index.htm
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BUGS (.0145) SSWM Management Meeting Top Mexico Officials This Week; SSWM/ETI Team to Discuss Implementation Schedules of New and Existing Projects Jul 11, 2006 9:45:00 AM Copyright Business Wire 2006
Robert Brehm, CEO of U.S. Microbics, Inc. (OTCBB:BUGS) (BCN:615212), an innovative environmental products and services company, announced that management of its majority owned subsidiary, Sub-Surface Waste Management of Delaware, Inc., (OTCBB:SSWM), and its Mexico subsidiary company, Environmental Tec International, S.A. de C.V. (ETI), are meeting in Mexico this week to discuss implementation details of many pending projects that officials desire to start in the near future.
Meetings are scheduled with the Governor's staff of Puebla and Veracruz, the Mayor elect of Mexico City, officials of the Federal Electricity Commission (C.F.E.), the World's largest electricity company, Mexico banking officials, and various other officials committed to pro-actively address historic pollution cleanup and comply with the environmental regulations promulgated by the Mexican Republic and NAFTA.
SSWM/ETI has a considerable backlog of proposals that are pending and have been delayed due to environmental diagnostic equipment border crossing snafus, election campaigning by government officials, and reprioritizing of cleanup projects previously scheduled. Management and officials will be discussing implementation schedules for many projects, including the eleven Environmental Emergency Response Centers (ERC) in Veracruz, the Lake Valsequillo water cleanup project, the multi-faceted soil remediation project located at one of the largest power generating plants in the south of Mexico, in Merida, Yucatan, at Nachi Cocom, and various site assessments measuring toxic releases such as fuel and oil spills that occur periodically as well as during storm events such as hurricanes.
Bruce Beattie, CEO of SSWM, stated, "We have made significant progress in Mexico this year with new contracts from the electric utility and new cleanup projects in Puebla and Veracruz. We are now at the final negotiation phase of establishing regional emergency response centers in Veracruz while helping the officials of Mexico understand the nuances of environmental cleanup and new job creation, while simultaneously integrating foreign investment and the resources of the various universities into the picture. Fortunately we feel all the groundwork is now coming together and we look forward to experiencing significant developments the rest of the year."
About Sub-Surface Waste Management
Sub-Surface Waste Management Inc. is a majority owned subsidiary of U.S. Microbics, Inc. (OTCBB:BUGS) and provides comprehensive civil and environmental engineering project management services including specialists to design, permit, build and operate environmental waste clean-up treatment systems using conventional, biological and filtration technologies. SSWM is capitalizing on its patented technologies registered in Mexico with SEMARNAT, a Federal regulatory agency overseeing environmental compliance nationwide.
Investors and media contact Bruce Beattie at 760-918-1860, ext. 105 or bbeattie*bugsatwork.com or learn about the company by visiting its Web site at www.subsurfacewastemanagement.com.
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request.
Source: Sub-Surface Waste Management of Delaware, Inc.
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EFSF (.285) The KonLin Letter Issues Follow-up Report on eFoodSafety.com Inc. in Its July 2006 Issue; The KonLin Letter States That 'EFSF is on the Verge of Explosive Revenue Growth' Jul 11, 2006 9:50:00 AM Copyright Business Wire 2006
Patricia Ross-Gruden, president and CEO of eFoodSafety.com Inc. (OTCBB: EFSF), announced today that The KonLin Letter issued a Follow-Up Report on eFoodSafety.com Inc. in its July 2006 issue. The KonLin Letter reiterates its "Strong Buy" recommendation of EFSF stock.
According to Konrad Kuhn, editor of The KonLin Letter, Patricia Gruden has done a masterful job of repositioning the company and setting the stage for eFoodSafety.com Inc. to become a dominant player in the scar cream and diabetes markets, while bringing the company to the forefront with potential solutions in both the Lyme disease and bird flu arenas.
The KonLin Letter, a 25-year-old investment advisory newsletter noted for its fundamental and technical analysis of individual stocks and market movements, does not accept compensation for its analyses of selected companies. The report includes a review of the latest developments of the company, the company's market position and potential advantages, along with fundamentals and statistics.
Kuhn cited the following reasons for his July 2006 follow-up recommendation:
-- First quarter revenue for 2006-2007 should exceed the total revenue for all of the four quarters in Fiscal Year 2005-2006.
-- The bird flu formulation currently is in patent pending status and could be entering a multibillion-dollar market shortly. More news is anticipated on this product. Indications are that additional testing is ongoing.
-- The sales of Cinnergen(TM) from both its Direct Response Marketing Campaign and retail sales are exceeding initial expectations.
-- The Lyme's formulation is undergoing human clinical trials and initial results indicate it could become the only treatment known to treat long-term chronic Lyme disease.
-- In fiscal year 2006-2007, the anti-acne product sales are expected to commence with long-term sales estimated in the $200 million range. It is anticipated that a high-profile celebrity and brand name will be announced soon.
"I've said it before and I'll say it again, never before have I seen a company with such huge upside potential in so many multibillion-dollar arenas, in my 25-year history as a newsletter writer," stated Kuhn.
About KonLin Research & Analysis Corp.
The KonLin Letter, www.KonLin.com, chooses low-priced stocks to analyze, with an emphasis on emerging growth and special situations poised for explosive price appreciation. The KonLin Letter has constantly been one of the leading publications on Wall Street. It has been rated one of the best-performing market letters in the nation, offering a unique service that each month recommends five low-priced selections, including a featured stock of the month. EFSF was the featured stock in the month of September 2005.
About eFoodSafety.com Inc.
eFoodSafety.com Inc. is dedicated to improving health conditions around the world through its innovative technologies. The company's Knock-Out Technologies Ltd. subsidiary has developed an environmentally safe sporicidal product formulated entirely of food-grade components that eradicates anthrax and a germicidal product, Big 6 Plus - EPA Reg. No. 82723-1 that kills six major bacteria: E-coli, Listeria, Pseudomonas, Salmonella, Staphylococcus, and Streptococcus, Avian Influenza, and Black Mold. The sporicidal product has completed its final efficacy laboratory study requisite for EPA registration. In the study, it eradicated both Clostridium Sporogenes and Bacillus Subtilis with 100% efficacy on both hard and porous surfaces. The company's MedElite Inc. subsidiary distributes clinically proven products to physicians who then prescribe the products for their patients. It is the exclusive U.S. and worldwide distributor of the Talsyn(TM)-CI/bid Scar Cream that has been clinically proven to facilitate and improve the appearance, redness and strength of scars (www.talsyn.com). The company is also is a distributor for Cinnergen(TM), a nonprescription liquid whole food nutritional supplement that promotes healthy glucose metabolism (www.cinnergen.com), and Trimmendous(TM), a weight loss formula focusing on the body's 24-hour metabolic processes. The company has recently entered into a joint venture agreement with CK41 Direct Inc. to launch an anti-acne skin care system, with a branded name and celebrity spokesperson to be announced in the near future.
Statements contained in this release that are not strictly historical are "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 forward-looking statements are made based on information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the company and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
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IDWD (.83) IDS Updates Homeland Security Worldwide (HLS) Offer to Acquire IDS Common Shares HLS Informs IDS Regarding Acquisition Financing Jul 11, 2006 10:22:00 AM
ORLANDO, FL -- (MARKET WIRE) -- 07/11/06 -- IDS Worldwide, Inc. (PINKSHEETS: IDWD) reported today that IDS, HLS and its investment bankers will conduct meetings today and tomorrow to work out details regarding HLS' previous all cash offer of $2.35 for each common share of IDS Worldwide, Inc. common stock. IDS is requesting that HLS and its advisors provide as soon as feasible a written formal tender offer.
IDS will also try to ascertain during these meetings for its shareholders the anticipated timeline for the acquisition to be completed. IDS is aware that part of the funding facility for the HLS acquisition is a bond offering overseas and during the meetings will also ask HLS the timeline and affect of this offering on the closing of the acquisition. IDS believes the offer by HLS when consummated would be in the best interests of long term shareholders. Previously IDS has stated that this purchase would not affect the 995ad.com division and IDS will pursue its earlier plans and/or consider offers from 3rd parties for the division.
HLS further clarified to IDS yesterday that the documents signed on July 5, 2006 regarding their previously announced acquisition plans were "closing escrow documents" and not the final closing documents; IDS regrets any confusion caused by HLS terms enclosed in previous press release regarding these transactions. Since the escrow has not yet closed no control has taken place between the parties to the transactions, there has no additional information provided to IDS. IDS hopes these meetings will bring further clarification to this matter.
Additionally IDS will request HLS and its advisors the timeline for providing the additional information to obtain the CUSIP number for the Homeland Security Division purchased by HLS and the associated Special Dividend that has been disbursed to qualified IDS common stockholders.
IDS executives are aware there has been investor confusion over the dividend after it has been identified as a spin-off distribution. Homeland Security Worldwide (HLS) previously purchased the Homeland Security Division of IDS Worldwide, Inc. Although the name of the acquiring company and the IDS division are similar the two companies were never part of the same company. IDS Homeland Security Division ground security services have used the abbreviation "HLS" on their patrol cars and this may have lead to an improper conclusion that the two entities were the same, leading to investors questions similar to "why is the company buying itself." This would be an incorrect interpretation of the acquisition.
HLS has informed IDS it will use funding facilities with its current bankers and a $50 Million Bond offering overseas that has been planned previously for expansion and worldwide acquisitions.
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 set up 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 until closing.
HLS the acquiring company has chosen to continue to use the "HLS" abbreviation due to the significant brand recognition that IDS had established for the division acquired. IDS was also supplied with documentation from HLS yesterday showing the rapid growth of its ground security operations continue with record orders being placed with Tyco division DSC yesterday. HLS has also begun shipping worldwide to dealers, distributors and consumers the HLS Biometric Encryption Flash Drives.
IDS CEO Patrick Downs stated, "The offer currently proposed for the common stockholders of the market represent a substantial premium to current market prices. HLS has stated the reason for the significant premium is to entice insiders to surrender their shares during the buyout. I believe considering the nature of most investors today who seek shorter terms gains over long term investing this offer, when consummated, would fit their investment parameters. As CEO I personally do not plan to sell my restricted shares of common stock for the $2.35 offer. Some insiders have stated they will sell a portion of their holdings under this offer but no insider has filed to sell their shares. My goal is now, as previously, to continue to pursue long term shareholder growth but I feel an offer with this premium to the market when consummated will benefit the majority of the public shareholders."
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
-------------------- The difference between genius and stupidity is that genius has its limits
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S3 Investment Company Attends Medical Trade Event With Subsidiary SINO UJE and New Supplier, For Life S3 Investment Company, Inc. (OTCBB: SEIH) today announced that chief executive officer Jim Bickel, along with Li Jun, the managing director of S3 subsidiary SINO UJE, Ltd., attended a major medical trade event with representatives of new supplier For Life GmbH in Hong Kong last week. Mr. Bickel and Mr. Li attended the 16th Biennial Congress of the World Council of Enterostomal Therapists (www.wcet2006.com.hk/public/main_page/index.asp), which was held from July 2-6 at the Hong Kong Convention and Exhibition Centre, and is one of the largest programs of its kind in the world.
The purpose of SINO UJE's attendance at the event was to prepare for a comprehensive marketing program on behalf of For Life's Stomocur brand colostomy products throughout China.
"We are working with SINO UJE and For Life to ensure the most successful distribution for the Stomocur colostomy products in China," stated Mr. Bickel. "Our experience at this event validated the belief that there is significant interest in the Stomocur product line, and we expect to see immediate sales to a variety of end-users, including hospitals, clinics and other healthcare facilities."
Stomocur's two-piece system has received State Food and Drug Administration (SFDA) approval and is now permitted to be sold on the Chinese market.
"The greater the awareness of this product line, the sooner we will have widespread distribution throughout China. SINO UJE's sales team, headed by Mr. Li, is well-prepared to foster the growth of the Stomocur line in China, and we were pleased to take part in this important medical trade show," added Mr. Bickel.
S3 is also preparing for its annual meeting, which will be held later this week on July 13, 2006, at 1:00 p.m. Pacific time at the company's corporate offices. The proxy requests shareholder votes on several proposals under consideration, as well as any other business that may properly come before the meeting. Shareholders are asked to return their completed proxies by mail in the return envelope provided or send by facsimile to Transfer Online at 503-227-6874. Votes can also be taken by telephone at 1-800-454-8683 or online at www.proxyvote.com.
To sign up to receive information by email directly from S3 Investment Company when new press releases, investor newsletters, SEC filings or other information is disclosed, please visit http://www.s3investments.com/ealert.asp.
About S3 Investment Company
S3 Investment Company, Inc. (www.s3investments.com) is a holding company with two subsidiaries doing business in the China market. S3 holds a 100% equity interest in Redwood Capital (www.redwoodcapinc.com), which assists private Chinese companies in accessing U.S. capital markets by utilizing a network of investment banking relationships, and a 51% equity interest in SINO UJE (www.sinouje.com), a non-stocking distributor of medical and industrial high-tech products to markets throughout China.
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. S3 Investment Company, Inc. undertakes no obligation to update any such statements to reflect actual events.
Source: Market Wire (July 11, 2006 - 10:10 AM EDT)
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News for 'IVGA' - (Invicta Group Inc. Signs $1M Strategic Alliance With Global Hospitality Company)
FT. LAUDERDALE, FL, Jul 11, 2006 (MARKET WIRE via COMTEX) -- Invicta Group Inc. (OTCBB: IVGA) announced today the company has signed a Strategic Alliance Agreement with IQWARE Inc, a Hospitality Management company that provides Property Management Software to hotels, resorts, condo-hotels and timeshares. IQWARE has an install base exceeding 500 hotels where their software controls the reservations of approximately 75-80,000 rooms per day throughout the USA, Canada, Caribbean and South America.
This Strategic Alliance will provide subsidiary Travel Hot Link over 500 hotels to its website and generate over $1 Million revenues during the next 12 months.
William Forhan, Invicta Group Inc. C.E.O. states: "IQWARE will be a great partner for Travel Hot Link, together we will generate $1M - $2M in new revenues and increase our website with 500 new hotels that are mainly located in premier travel destinations; all offering discounted hotel rooms to our database of Travel Enthusiasts. Our collective goal is to increase revenues for Travel Hot Link and IQWARE'S hoteliers, plus offer Travel Hot Link's Email database of Travel Enthusiasts a wide range of premium hotels offering tremendous discounts. Travel Hot Link's management will work closely with IQWARE'S management to assure success."
Travel Hot Link is currently receiving 47,000 visitors a day with each visitor viewing 5 pages on the website.
David M. Perkins, IQWARE Inc. C.E.O./President, states: "The strategic alliance between our two companies will provide a revolutionary way for my hoteliers to increase occupancy significantly and increase their annual room revenues. IQWARE is the operating system used to control each of these hotels, therefore hoteliers will be able to cut out the middleman truly offering great promotions using their real time inventory without having to provide allotments to a third party travel partner. The real winner is the consumer who will get the advantage of choosing from hundreds of fantastic offers to first-rate travel destinations. Furthermore based on IQWARE's present growth, we will be adding 75 - 100 hotels to this program annually; constantly providing new and exciting destinations to our customer base to select from."
INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company offers an Internet database of 70 million travel enthusiasts discounted travel products: airline tickets, hotel rooms, tour packages, cruise cabins and car rentals on the Internet 24/7 through their B-2-C web site.
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EFTI (.105)and Cast-Crete Corporation Announce Merger Terms and Provide Earnings Guidance Jul 11, 2006 10:52:00 AM Copyright Business Wire 2006
TAMPA, Fla.--(BUSINESS WIRE)--July 11, 2006--
EarthFirst Technologies, Inc. ("EarthFirst", or "the Company") (OTCBB:EFTI) and Cast-Crete Corporation ("Cast-Crete") today announced that the Board of Directors and shareholders representing the majority interests of both companies, have approved the terms of the merger effective immediately. The primary terms are as follows:
(1) The Company will change its name to Cast-Crete;
(2) The Company will effect a 60-1 reverse split of its stock;
(3) Total shares outstanding after the merger, and after the reverse split of the stock will be approximately 15 million shares; and,
(4) The assets of Cast-Crete cannot be encumbered until acquisition debt is retired.
The following Pro Forma earnings for the twelve month period ending June 30, 2007 was also provided for Cast-Crete's operations, based upon actual results for the six-months ended June 30, 2006.
TWELVE MONTHS PRO FORMA EARNINGS JULY, 2006 - JUNE, 2007
Sales $150,000,000 Earnings before interest and taxes 65,000,000 Interest expense on Acquisition Debt (25,000,000) Income taxes (16,000,000) --------------
Net Income $ 24,000,000 ==============
Estimated Outstanding Shares 15,000,000
Earnings Per Share (EPS) $1.60
About EarthFirst Technologies, Incorporated
EarthFirst Technologies, http://www.earthfirsttech.com, is a specialized holding company engaged in researching, developing and commercializing technologies for the production of alternative fuel sources and the destruction and/or remediation of liquid and solid wastes, and in supplying electrical contracting services to commercial and government customers internationally. Through its subsidiary World Environmental Solutions Company (WESCO), EarthFirst markets solid waste remediation plants utilizing a proprietary Catalytic Activated Distillation (CAVD) process, which is a superior technology developed by EarthFirst to recycle rubber tires and other waste by heating the material without burning it. Through its subsidiary Electric Machinery Enterprises, Inc., http://www.e-m-e.com, the Company provides electrical contracting services both as a prime contractor and as a subcontractor, electrical support for industrial and commercial buildings, power generation stations, and water and sewage plants in the US and abroad. Through its subsidiary EarthFirst Americas, Inc., the Company is engaged in the global development, marketing and distribution of biofuels.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statement of EFTI officials 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 "believes," "anticipates," "intends," "plans," "expects," and 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 EFTI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and EFTI has no specific intention to update these statements.
Source: EarthFirst Technologies, Inc.
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EarthFirst Technologies Inc. Tampa Corporate Services Beverly Mercer 813-238-5010 bmercer*earthfirsttech.com
-------------------- The difference between genius and stupidity is that genius has its limits
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Stock Media Group, Inc. Chooses QuoteMedia for Exclusive Two-Year Deal to Provide Market Data
PORT WASHINGTON, N.Y., July 11 /PRNewswire/ -- Stock Media Group, Inc., is pleased to announce it has selected QuoteMedia, Inc. (OTC Bulletin Board: QMCI) as its exclusive provider of market information and financial data for a period of two-years for its wholly-owned subsidiary, www.Directstocknews.com, Inc. ("DSN").
"We are excited to be working with a company of QuoteMedia's caliber. When operating a financial website, it is extremely vital to be teamed with a company that has the resources to provide reliable and accurate data," says Robert Bertsch, Esq., President of DSN. "The quality of QuoteMedia's array of easy to implement financial data applications, together with their exceptional levels of service, made our choice an easy one."
"It's great to see that our sustained efforts to deliver financial data via a more efficient, flexible, and cost-effective service are being rewarded with the recognition and trust of clients seeking the highest levels of quality, reliability and service," says Dave Shworan, CEO of QuoteMedia, Ltd. "We are very pleased to have been chosen as data provider for www.Directstocknews.com, and we're glad to assist them in their goal of delivering the highest possible quality content to their audience."
About QuoteMedia, Inc.
QuoteMedia is a leading software developer and syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, NASDAQ level 2, TSX/TSXV market depth, SEC filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Forbes.com, Scotia Capital, Southwest Securities, Automated Financial Systems, FBRDirect, AIM Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's Investment Research, WallStreet*E, Business Wire and others. For more information, please visit: http://www.quotemedia.com.
The DSN website is a stock information portal where specific publicly traded and private companies deliver news directly to subscribers via e-mail. The service is free to the subscriber.
Shareholders and interested parties will have the ability to receive news releases, financial reports and other information transmitted directly from the companies using the DSN website. Subscribers only receive information for which they wish to have access.
The service is designed to bring information to subscribers while providing companies with an opportunity to reach their shareholders and/or potential shareholders in a meaningful and productive manner.
It is the user who decides which companies on the DSN website they wish to follow. The DSN website provides a user-friendly method to select the companies for which subscribers wish to receive news and updates.
DirectStockNews.com, Inc. ("DSN") is a wholly owned subsidiary of Stock Media Group, Inc. (http://www.Stockmediagroup.com)
About Stock Media Group:
Stock Media Group, Inc. ("SMG") is a privately held New York based media organization, which aims to provide advanced marketing solutions for private and publicly traded companies. SMG acts as a multimedia hub to serve the public, shareholders and companies alike.
SMG does not maintain an equity position in any of the companies profiled/featured on its websites or publications. SMG, its Board of Directors, its wholly owned subsidiaries and employees do not accept stock, stock options, warrants or restricted stock as compensation for its services.
Message from CEO Publisher: Force Protection, Inc. Date: 07/11/2006
Force Protection would like to confirm that, to the company’s knowledge, all of its Cougar vehicles deployed in Iraq are currently operational or undergoing routine maintenance procedures.
Force Protection also confirms that the company has specific information to indicate that none of its Buffalo or Cougar vehicles were involved in the recently reported fatal attack in Ramadi.
Our mission to protect and save lives continues.
Gordon McGilton July 11, 2006
[ July 11, 2006, 11:50: Message edited by: ruskin_muskin ]
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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AMHD (.011) Announces New Corporate Web Site for Its Wood Portal Jul 11, 2006 11:34:00 AM 2006 PrimeZone Media Network
CHEYENNE, Wyo., July 11, 2006 (PRIMEZONE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce that it has launched a new corporate web site for its a wholly owned subsidiary, The Wood Explorer, Inc. The site can be viewed at http://www.woodexplorer.com.
The Wood Explorer, Inc., registered in the state of Nevada, is a consolidation of the following three commercial web sites that make up the Wood Portal in the Wood, Timber and Forestry Industries:
The Wood Market -- Dedicated to providing assistance in locating wood suppliers, as well as sources of supply for a broad range of related value-added products. http://thewoodmarket.com
The Wood Exchange -- A global wood portal that delivers trading opportunities to companies and individual entrepreneurs involved in wood business. http://www.thewoodexchange.com
The Wood Explorer, Inc. continues to solidify The Wood Explorer CD, a unique wood database, as a strong niche player in the woodworkers' and commercial wood markets globally.
Amelot Holdings, Inc. is a diversified holding company focused on acquiring under-valued, high-growth firms and properties in the natural resource industry.
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
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HSYN (.065)Ascends From "Other OTC" to OTC Bulletin Board Jul 11, 2006 11:28:00 AM
RICHARDSON, TX -- (MARKET WIRE) -- 07/11/06 -- Homeland Security Network, Inc. (OTCBB: HSYN) ("the Company") announced today that the Company's Common Stock is no longer categorized as "Other OTC," which as a security when categorized as such is neither listed on NASDAQ or any stock exchange, nor quoted on the OTC Bulletin Board.
The Company's Common Stock is now listed on the OTCBB. Homeland Security Network, Inc. received the required approval to trade its stock on the OTCBB. Permission has been granted to a NASD member firm to be the initial trader. Subsequently, trading activity in the Company's stock has resumed.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties. This release contains statements that constitute 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. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," "promise," "seeking to," "negotiating to" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
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LVTI (.19)to Receive $375,000 US Dollars and Monthly Residual Revenue for the Sale of the Exclusive Online Dating Distribution Rights in Poland Poland Is Home to Over 38 Million Residents Jul 11, 2006 6:00:00 AM
TUJUNGA, CA -- (MARKET WIRE) -- 07/11/06 -- Luvoo.com (PINKSHEETS: LVTI) a growing online dating company is pleased to announce they have signed an exclusive distribution agreement with AAA Investment SP.ZOO to provide Poland residents its online dating website. Poland is home to over 38 million Polish residents. Agreement is part of Luvoo.com's ongoing effort to expand its cutting-edge online dating services on a global scale.
Under the terms of agreement Luvoo.com will accommodate Poland residents on its website, maintain servers and infrastructure as well as provide web-content in Polish. AAA Investment SP.ZOO will pay Luvoo.com $375,000 for the rights of distribution in Poland as well as a percentage of monthly residual revenue generated from online subscribers. AAA Investment SP.ZOO will then be responsible for the marketing of Luvoo.com in Poland and will pay for any fees associated with said marketing. AAA Investment SP.ZOO at its sole discretion will also determine the fees to be charged to Poland residents.
L Yvonne Vanhoek, President of Luvoo.com, stated, "We are honored to provide our cutting-edge online dating service to the 38 million Polish residents. These residents will have the opportunity to establish friendships and love with online daters in their own country and abroad."
Unlike many industries, Luvoo.com's financial model is based on month over month residual revenue from online dating subscribers. Currently, over 60 million Americans are single and could use online dating services. Numbers are greatly larger when factoring in the global online dating experience. Most of these services charge a monthly fee ranging from $12.99 to $29.95. Luvoo.com is FREE for a limited time only. Management projects accelerated residual revenue to follow there after.
For more information please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit the company website at: www.luvoo.com.
About Luvoo.com:
Luvoo.com (PINKSHEETS: LVTI) is a US corporation which is aggressively gaining market share in the on-line dating industry. The company's strategy for growth is through celebrity endorsement, aggressive large scale advertising, affiliate business opportunities and patent pending concepts and technology such as "The Luvoo Dating Card," "Verified Member" and "Instant Notifier."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
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XDSL (.1625) Wins Competitive Grant to Test High-Power Density Chemistries for its Prototype Nanobattery at Rutgers University; Project Selected in State-Funded New Jersey Small Business Initiative Jul 11, 2006 12:01:00 PM Copyright Business Wire 2006
LITTLE FALLS, N.J.--(BUSINESS WIRE)--July 11, 2006--
mPhase Technologies (OTCBB:XDSL) today announced that it has been awarded the right to conduct a free series of technical tests at Rutgers, the State University of New Jersey, related to the company's ongoing development of Lithium-based alternative chemistries for its prototype nano-structured battery.
The Rutgers Service-to-Industry Program (RSIP) is a state-funded program administered by the Rutgers Office of Corporate Liaison and Technology Transfer (OCLTT) in collaboration with the New Jersey Commission on Science & Technology, and is awarded competitively to small businesses invited to submit a proposal for in-kind laboratory testing services by Rutgers.
"Next-generation power sources is a core focus of Rutgers research," said Seth Tropper, technology commercialization consultant for OCLTT. "The mPhase nano-structured battery promises to significantly change the storage battery industry and we're delighted to play a role in helping accelerate their product realization process."
Last year mPhase and Rutgers agreed to begin collaboration on a research project designed to extend the mPhase nano-structured battery architecture to include more power-intensive chemistries. The grant funds awarded to mPhase are helping to extend and expand the technical scope of work with Rutgers in finding higher energy-producing Lithium-based chemistry for the mPhase battery design.
"Our objective is to engage our partners at the Rutgers Energy Storage Research Group, affiliated with the Department of Materials Science and Engineering, to conduct a series of tests to assist us in characterizing the design and suitability of the structures and coatings that comprise the battery architecture," explained Steve Simon, mPhase executive vice president-R&D. "These are necessary steps that, by virtue of the grant, will supplement our ongoing technical efforts at no cost to mPhase. We are grateful to the New Jersey Commission on Science & Technology and RSIP for this significant validation of the nanobattery project."
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTCBB:XDSL) develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. The company, awarded the 2005 Frost & Sullivan Excellence in Technology Award and the Nano 50 Award from NASA Nanotech Briefs, is bringing nanotechnology out of the laboratory and into the market with a planned innovative long life power cell. Additionally, the company is working on prototype ultra-sensitive magnetometers that promise up to a 1,000-fold increase in sensitivity as compared with available uncooled sensors. More information is available at the mPhase Web site at www.mPhaseTech.com.
About Rutgers, The State University of New Jersey
Established in 1766, Rutgers is America's eighth oldest institution of higher learning and one of the nation's premier public research universities. Serving more than 50,000 students on campuses in Camden, Newark and New Brunswick/Piscataway, Rutgers offers more than 280 bachelor's, master's, doctoral and professional degree programs. The university is home to 29 degree-granting schools and colleges, and more than 150 specialized centers and institutes. With 320,000 living alumni, Rutgers graduates are major contributors to all sectors of contemporary life.
Safe Harbor Statement
This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of all the companies mentioned in this press release in light of current conditions, expected future developments and other factors they believe to be appropriate. Actual results may differ as a result of factors over which the companies have no control.
Source: mPhase Technologies
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Media: TMI for mPhase Sam Gronner 201/592-7896 sam*technovative.com or Investors: 973/256-3737 x 110 or Rutgers The State University of New Jersey Carl Blesch 732/932-7084 x 616 cblesch*ur.rutgers.edu
-------------------- The difference between genius and stupidity is that genius has its limits
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CCRE (.29) Signs Letter of Intent for Pisgah Crater Jul 11, 2006 12:06:00 PM
LAS VEGAS, NEVADA--(CCNMatthews - July 11, 2006) - Can-Cal Resources Ltd ("the Company") (OTCBB:CCRE) is pleased to announce that it has entered into a letter of intent with E.R.S. Ltd. for further testing of its Pisgah crater property
Pisgah Crater
On June 26, 2006, the Company signed a letter of intent with E.R.S. Ltd., an Israeli owned Cyprus corporation with offices located in Tel Aviv. The letter of intent is for further testing on material from its Pisgah property.
In early 2006, the Company furnished material from its Pisgah crater to E.R.S. to perform tests and obtain analysis. In June 2006, E.R.S. notified the Company that it desired to perform additional and more comprehensive testing to determine the metal values in the material by conducting an extensive sampling program on the 3,500,000 tons screened stockpile. E.R.S. will also test additional areas of the property. Before commencing such additional testing, E.R.S. wanted to be assured that if it determined to pursue the extraction of any metals that the Company would enter into a production agreement with E.R.S.
The letter of intent provides that during the period of three months, beginning June 26, 2006, E.R.S. will perform tests and analysis on the Company's material with principal initial testing taking place in Israel and Europe. Any metal extracted will be sent to laboratories in Italy and possibly Belgium for analysis. E.R.S will pay for all testing and analysis and furnish the Company with the results of all analysis and assays.
If E.R.S. desires to enter into a formal agreement for the production of metals from that material, it will notify the Company in writing. The formal agreement, if entered into, will then provide that:
1. E.R.S. will pay 100% for all costs incurred in connection with, and all associated costs relating to the mining, processing and production of any metals extracted for the Pisgah crater. This includes all costs of obtaining additional permits, costs of all equipment, mining costs, production costs, refining costs, transportation costs, assaying costs, sales costs, working capital, labor, overhead, and any and all related costs.
2. The Company will receive a net profit interest of between 12.5% and 15% of any net profits realized from the production and sale of any metals recovered, depending on the metals produced and the grade of the recovery of such metals. Net profit will mean the amount of revenue received from any purchaser of metals sold, less costs paid by E.R.S.
3. The Company will cooperate with E.R.S. in obtaining any necessary permits and export permits required for material shipped out of the country by E.R.S.
The Pisgah crater has been estimated to contain approximately 13,500,000 tons of material. 3,500,000 tons of this material has already been screened and stockpiled. Any formal agreement will be consistent with the Company's mining lease agreement with Twin Mountain Rock Ventures for the Pisgah crater.
About Can-Cal
Can-Cal is an emerging precious metals exploration company actively engaged in identifying commercial mining opportunities.
"Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, including uncertainties relating to global political conditions, such as terrorism. Information with respect to important factors that should be considered is contained in the company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law."
FOR FURTHER INFORMATION PLEASE CONTACT: Can-Cal Resources Ltd. Ronald D. Sloan Chairman (702) 243-1849 Fax: (702) 243-1869 (FAX) rdsloan*lvcoxmail.com www.can-cal.com
Source: Can-Cal Resources Ltd.
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Can-Cal Resources Ltd. Ronald D. Sloan Chairman (702) 243-1849 Fax: (702) 243-1869 (FAX) rdsloan*lvcoxmail.com www.can-cal.com
-------------------- The difference between genius and stupidity is that genius has its limits
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IMJX (.0022) Announces Sales Launch of Digital iPrint Kiosks With New Online Multimedia Services Jul 11, 2006 12:08:00 PM
ROCHESTER, NY -- (MARKET WIRE) -- 07/11/06 -- ImageXpres Corporation (PINKSHEETS: IMJX), a digital imaging and printing solutions provider, today announced the availability of ImageXpres Digital iPrint Kiosks with new online functionality, and on-demand multimedia services for targeted commercial market segments.
In addition to delivering digital photo prints in sizes ranging from 4" x 6" snapshots to poster-size prints up to 24" x 36", the enhanced ImageXpres Digital iPrint Kiosks will provide users a range of internet-connected Point-Of-Sale services, including surfing the web, sending and receiving e-mails, photos, and documents, and online shopping. These new online services and digital functionality will be incorporated into all ImageXpres iPrint Kiosk models such as the iPrint 8000, iPrint 4000, and iPrint 2000 Kiosks.
John Zankowski, President and CEO of ImageXpres, commented, "The launch of ImageXpres' Digital iPrint Kiosks with online multimedia functionality enhances the utility of the iPrint Kiosks for owner/operators and end users alike. The new services offered by ImageXpres' digital kiosks results in a much stronger value proposition for potential kiosk locations such as hotels, convenience stores, and vacation destination spots, greatly expanding the relevant market size for our differentiated digital kiosk product line.
"We believe our differentiated digital kiosks can be sold to thousands of new locations as a result of their enhanced functionality, greater appeal to consumers, and ultimately, higher return on investment to owner/operators. We have put major resources into the product line, and expect major sales growth in the immediate future. You will be hearing much more about this product line and ImageXpres' marketing efforts in this area in the coming weeks."
The first ImageXpres Digital iPrint Kiosks to incorporate the online multimedia functionality will be installed and serviced by ImageXpres of Georgia, the company's Atlanta-based kiosk distributor. The initial install will be at the Discover Mills Mall in Atlanta, Ga. Wayne Hunt, President of ImageXpres of Georgia, says, "The new features of the Digital iPrint 8000 Kiosk are ideal for the thousands of consumers shopping at Discover Mills Mall each day. The ability to print photos, posters, send and receive e-mail, shop online, and print documents, to name a few, will be very strong, and will result in greater sales revenue per day, and more services for consumers. We anticipate hundreds of orders for the new ImageXpres Digital iPrint Kiosks, to businesses and retailers looking for new ways to generate increased revenues and profits."
About ImageXpres Corporation
ImageXpres is a digital imaging and printing company, headquartered in Rochester, NY. ImageXpres develops imaging systems solutions for commercial printing, consumer photo, and healthcare (diagnostic imaging) market segments. The Company is establishing a network of digital imaging/print centers across the U.S., including self-service multimedia kiosks. The Company's website is www.imagexpres.com
Statements in this press release about the company's future expectations, including the rate of growth of the Company's revenues derived from sales of its safety and security products, and all other statements in this release other than historical facts, are "forward-looking statements" within the meaning of Section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements based on such factors as changes in consumer demand, satisfaction or desire for our products for a variety of reasons. Such "forward-looking statements" are subject to risks and uncertainties set forth from time to time in the company's reports and financial statements.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT: Jason Jadidian Vigilant Trader, Inc. phone: 718-575-2037 e-mail: imjx*vigilanttrader.com
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OMNICOMM SYSTEMS, INC. Announces Second Quarter 2006 Results 2006 Signed Contracts Increase to $4.3 Million -- an Increase of 160% Over 2005 Results; Contract Backlog Increases to $1.6 Million OmniComm Systems, Inc. (OTCBB: OMCM), one of the fastest growing companies in the EDC marketplace, today announced that it had achieved record contracts for the first half of a fiscal year. The Company reported that it had signed new contracts totaling approximately $4.3 million during the first half of 2006 compared with new contracts signed in the first half of 2005 of approximately $1.65 million, an increase of approximately 160%. The Company signed contracts for 21 new clinical trials.
"With first quarter contracts of 2.2 million dollars and second quarter contracts of approximately 2.1 million dollars, we are clearly on the right track," said Randall Smith, OmniComm's Chairman and CTO. "In the last six months we entered into twelve new contracts including contracts with six new clients. We are on pace with our sales expectations and expect the third and fourth quarter performance to continue the strong sales trends we are experiencing. Our clinical trial backlog was approximately $1.6 million on June 30th. One of the most important effects of our continued growth is the improved financial and operating visibility we have over our business.
We are receiving enthusiastic feedback from our clients regarding the introduction of TrialMaster(TM) v4.0 and anticipate additional sales momentum from this introduction. TrialMaster v4.0 will allow our existing as well as new clients even more control over their data, additional flexibility in terms of trial configuration and faster trial builds, not only for our ASP clients, but for those clients interested in a Tech Transition or Technology Transfer business model. OmniComm's growth reflects the fact that sponsors are beginning to realize there is a better alternative to some of the inflexible, high-priced solutions currently available."
"The results of the first half of 2006 validate our belief in the TrialMaster software platform and the efforts of our team. This marks our tenth consecutive quarter of increased contract volumes. We are capitalizing on the momentum we have created in our sales and marketing activities by increasing the volume of repeat business with our current clinical trial partners and more importantly have continued adding new relationships for our prospective growth. We are excited about our current growth and expect the release of TrialMaster v4.0 to open up additional sales and marketing opportunities for the future. During the second quarter we opened a Sales and Marketing office in Europe and we are optimistic that this office will accelerate our penetration of the very important European clinical trial market," said Cornelis Wit, President and CEO of OmniComm. "This increase in business is gratifying but our expectations are for continued growth. Our objective is to continue penetrating the EDC market by providing cost-effective, technologically advanced solutions for our clients."
About OmniComm Systems, Inc.
OmniComm Systems, Inc. (www.omnicomm.com) is one of the fastest growing companies in the EDC market place targeting its product TrialMaster® to the pharmaceutical, medical device and biotechnology companies as well as CROs. OmniComm's growing base of satisfied customers is a direct result of OmniComm's employee's commitment to on-time, quality and within budget performance.
The TrialMaster (www.trialmaster.com) system, the core product of OmniComm, provides trial sponsors with a 21 CRF Part 11 compliant Internet-based data and trial management solution that greatly increases the efficiency, security and integrity of clinical research data and thus significantly reduces the time and expense involved in conducting clinical studies.
Safe Harbor Disclaimer
Statements about OmniComm's future expectations, including without limitation, future revenues and earnings, plans and objectives for the future operations, future agreements, future economic performance, operations and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. OmniComm intends that such forward-looking statements be subject to the Safe Harbors created thereby. Since these statements involve risks and uncertainties, including but not limited to economic competitive, governmental, contractual and technological factors affecting OmniComm's operations, markets and profitability, actual results could differ materially and adversely from the expected results.
Aquacell Water Updates Stockholders Aquacell Water, Inc. (OTCBB: AQWT) has issued a letter to its stockholders along with a "Company Profile," setting forth the current status of the company, its programs, marketing efforts and products. The letter and Profile will also be available for viewing on the Company's web site at www.aquacellwater.com, or may be obtained upon request by calling our corporate office.
About Aquacell Water Inc.
Aquacell Water, Inc. headquartered in Rancho Cucamonga, CA, manufactures in Tempe, Arizona, custom-designed turn-key water filtration and purification systems for municipal, industrial, commercial, and institutional applications around the world. The Company specializes in arsenic removal systems in association with media manufactured by The Dow Chemical Company, for whom it is an authorized dealer. Aquacell's services include evaluation, design, engineering, manufacturing, installation, training and service.
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CPPXF (.19) Signs LOI for Bengara-II Farm Out Jul 11, 2006 12:29:00 PM 2006 PrimeZone Media Network
DALLAS, July 11, 2006 (PRIMEZONE) -- Continental Energy Corporation (OTCBB:CPPXF) today announced that together with its joint venture partner, GeoPetro Resources Company, it has entered into a Letter of Intent ("LOI") with CNPC (Hong Kong) Limited ("CNPC-HK") to farm-out a 70% stake in its Continental-GeoPetro (Bengara-II) Ltd. subsidiary and its Bengara-II Production Sharing Contract.
The LOI calls for closing on July 31, 2006, subject to a definitive farm-out agreement providing for the detailed commercial terms of the deal not already agreed in the LOI and also subject to a joint operating agreement to provide for joint petroleum operations in the Bengara-II PSC. Closing is also subject to completion of remaining legal and financial due diligence and to obtaining all necessary approvals.
Principle farm-out terms, agreed in the LOI, and to be incorporated in the definitive agreements include:
1. Continental-GeoPetro (Bengara-II) Ltd. ("CGB2") owns a 100% interest in the 3,649 square kilometer Bengara-II Production Sharing Contract ("PSC") in East Kalimantan, Indonesia. Continental owns 60% of CGB2 and GeoPetro owns 40%. After the farm out of 70% to CNPC-HK, Continental will retain 18%.
2. CNPC-HK will pay an Earning Obligation in cash at closing in the amount of US$ 18,700,000 into a jointly controlled CGB2 account which funds shall be used exclusively to pay for work on the Bengara-II PSC area, including the drilling four exploration wells included in CGB2's approved 2006 work program and budget.
3. CNPC-HK will pay for and carry all of Continental and GeoPetro's shares of exploration and development work until the earlier of 1) an additional amount of US$ 41,300,0000 over and above the Earning Obligation funds has been expended or 2) the month after the first commercial lifting of crude oil from the Bengara-II PSC is delivered and sold.
4. CNPC-HK will pay also pay directly to Continental and GeoPetro a cash bonus in the amount of US$ 5,000,000 contingent upon the first commercial oil or gas discovery within the Bengara-II PSC area.
About CNPC (Hong Kong) Ltd.:
CNPC (Hong Kong) Limited is a 52% owned subsidiary of the China National Petroleum Company based in Beijing, PRC. The remaining 48% is publicly held. CNPC (Hong Kong) Limited is based in Hong Kong and its shares trade on the Hong Kong Stock Exchange under the listing number 0135.HK. For further information, please visit their web site at www.cnpc.com.hk.
About GeoPetro Resources Company:
GeoPetro Resources Company has been Continental's partner in CGB2 and the Bengara-II PSC since 2000, owning a 40% share. GeoPetro is based in San Francisco and its shares trade on the Toronto Stock Exchange under the symbol GEP.S. For further information, please visit their web site at www.geopetro.com.
About Continental Energy Corporation:
Continental Energy Corporation is a small oil and gas exploration company, focused entirely on shareholder capital appreciation through making a major oil or gas discovery in Indonesia. For further information, please visit our web site at www.continentalenergy.com.
On behalf of the Company, James D. Eger, CFO Dallas, Texas
No securities regulatory authority has either approved or disapproved the contents of this news release.
Certain matters discussed within this press release may be forward-looking statements within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Although Continental believes the expectations reflected in such forward-looking statements including reserves estimates, production forecasts, feasibility reports and economic evaluations are based on reasonable expectations and assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, oil and gas prices, drilling program results, regulatory changes, political risk, terrorism, changes in local or national economic conditions and other risks detailed from time to time in Continental's periodic filings with the U.S. Securities Exchange Commission.
For more information please contact Jim Eger at 877-762-2366, Suite 1200, 14001 Dallas Parkway, Dallas, Texas, 75240
No securities regulatory authority has either approved or disapproved the contents of this news release.
Certain matters discussed within this press release may be forward-looking statements within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Although Continental believes the expectations reflected in such forward-looking statements including reserves estimates, production forecasts, feasibility reports and economic evaluations are based on reasonable expectations and assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, oil and gas prices, drilling program results, regulatory changes, political risk, terrorism, changes in local or national economic conditions and other risks detailed from time to time in Continental's periodic filings with the U.S. Securities Exchange Commission.
CONTACT: Continental Energy Corporation Jim Eger (877) 762-2366
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Grant Life Sciences Extends Through September 2006 Its Memorandum of Understanding (MOU) With Diagnostic Technology Ltd. (DTL), Which Is Conducting Due Diligence Associated With Developing and Commercializing Grant's Cervical Cancer-Diagnosti
Internet Wire via COMTEX
Jul 11, 2006 12:22:48 PM
LOS ANGELES, CA, Jul 11, 2006 (MARKET WIRE via COMTEX News Network) --
MOU, Announced in April 2006, Includes Payment of $250,000 to Grant Upon Successful Completion of DTL's Due Diligence and Signing of a Licensing Agreement, Plus Ongoing Royalties Upon Commercialization of the Resulting Product; Also, DTL Would Conduct and Fund All Development Costs, Including Clinical Trials, Associated With the Commercialization of the Products Developed From Grant's Cervical Cancer Diagnostic Technology
"This Event Positions Grant Life Sciences to Begin the Execution of Its New Corporate Strategy: (1) Acquire New Products and Technologies Through In-Licensing Activities; (2) Optimize These Products and Technologies; and Then (3) Out-License Them for Further Development and Sales, or (4) Drive Sales Through Our Established Marketing Channels." Dr. Hun-Chi Lin, President and Chief Scientist
Grant Life Sciences Inc. (OTCBB: GLIF) announced today it has extended through Sept. 2006 its Memo of Understanding (MOU) with Israel-based Diagnostic Technology Ltd. (DTL) related to Grant's cervical cancer-diagnostic technology (U.S. Patent No. 6,743,593). Under the MOU, Grant will receive an upfront payment of $250,000 upon successful completion of DTL's due diligence and the subsequent signing of a Licensing Agreement. Under the Licensing Agreement, DTL would assume all costs and efforts associated with commercialization of products, including clinical trials, developed by DTL from Grant's cervical cancer-diagnostic technology platform. Upon commercialization, DTL would pay Grant an ongoing royalty on sales of the products developed, according to the MOU.
Assuming acceptable due diligence by DTL, the definitive Licensing Agreement is expected to be signed by September 2006. Upon signing, DTL will immediately assume all of the costs associated with turning Grant's core technology related to cervical-cancer diagnostics into a commercially viable product. The diagnostic product based on Grant's technology is expected to augment and complement DTL's established suite of diagnostics aimed at the women's health market.
"This relationship, once fully consummated, will represent a very significant milestone in the evolution of our company into a commercial entity," said Hun-Chi Lin, Ph.D., Grant's President and Chief Scientist. "Grant will finally have the opportunity to focus its efforts on boosting revenues from sales in India and Southeast Asia of its extensive portfolio of rapid AccuDx tests for Malaria, Dengue Fever, HIV-1, HIV-2, and numerous other diseases. In addition, the market for cervical cancer testing is substantial, and DTL intends to aggressively conclude development of Grant's novel, protein-based diagnostic test and commercialize the product expeditiously."
"We are happy with the opportunity ... to fast-forward development and commercialization of a diagnostic product based on Grant's cervical cancer diagnosis technology," said Hamutal Meiri, Ph.D., Chief Executive Officer of DTL, in a Grant press release dated April 6, 2006. "We hope that their technology will enable the detection of the presence of antibodies produced only by cancer-causing HPV-types and profile them." (According to the National Cancer Institute there are some 100 types of HPV. However, only about 7 to 15 of these appear to cause cervical cancer, with certain HPV-types especially virulent in this regard. Cancer-causing HPV-types express certain unique proteins that help trigger the disease.) "The parties to the MOU believe that the product developed using Grant's technology can distinguish these cancer-causing proteins from those made by non-cancer-causing HPV-types," added Dr. Meiri "DTL therefore expects that using Grant's technology will enable it to determine whether a woman has cervical cancer or pre-cervical cancer conditions."
"Grant has recently established OEM arrangements to manufacture and distribute more than two-dozen immunoassay tests for the large markets in India and Southeast Asia," said Stan Yakatan, Grant's Chairman. "In addition, Grant plans to continue adding new products in the areas of infectious diseases, hormones, and cancer biomarkers, for sale to these markets in the future."
About Diagnostic Technology Ltd. (DTL)
DTL, based in Haifa, Israel, is a public company that has licensed from Technion a technology for the prediction of the risk of preeclampsia in maternal serum. According to the CDC, preeclampsia affects five to seven percent of all pregnant women and can result in: loss of life; blindness; motor and mental disorders or premature newborns; pregnancy hypertension; and kidney, liver and cardiovascular malfunctioning. It is estimated that nearly $30 billion is spent today in healthcare costs to treat women with preeclampsia and their newborns. DTL's simple blood test for the early prediction of preeclampsia is now in clinical trials. TEUZA, an Israeli venture fund, is the major investor in the Company. On Jan. 31, 2006, PerkinElmer, Inc, announced that it had secured the exclusive global rights to the test for identifying patients at risk for preeclampsia developed by DTL.
About Grant Life Sciences Inc.
Grant Life Sciences Inc. Grant Life Sciences, Inc. (OTCBB: GLIF), a development stage company, engages in the research, development, marketing, and sale of diagnostic kits for the screening, monitoring, and diagnosis of diseases with emphasis on women's health, infectious diseases, and cancers.
Forward-Looking Safe Harbor Statement
With the exception of historical information, the matters discussed in this press release are "forward-looking statements" that involve a number of risks and uncertainties. The actual future results of Grant Life Sciences could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities, results of clinical trials, and market acceptance of the Company's products. In some cases, "forward-looking statements" can be identified by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," or other comparable terminology. Although Grant Life Sciences believes that the expectations reflected in the "forward-looking" statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such "forward-looking statements" will be achieved. Grant Life Sciences undertakes no duty to update any of the "forward-looking statements," whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such "forward-looking statements." For further risk factors associated with our Company, review our SEC filings.
Contact: Don Rutherford CFO 949-521-1232
SOURCE: Grant Life Sciences Inc.
Copyright 2006 Market Wire, All rights reserved.
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Spooz, Inc. Retains Firm for Preliminary Compilation; Plans Regarding Audit, Fully Reporting Status and Listing of SPZI Stock
CHICAGO, Jul 11, 2006 (BUSINESS WIRE) -- Spooz, Inc. (Pink Sheets:SPZI) announced today that recent activities, including the terms of its most recent financing agreement and increased interest in the Company's trading software SpoozToolz, have compelled the Company to implement the necessary actions to become a fully reporting company. Spooz has retained The Adler Group, LLC of Chicago to perform a preliminary compilation of its books; a certified audit will immediately follow.
While the plan is for Spooz, Inc. to regularly report its financials to the SEC to be filed in the EDGAR system, the Company is currently exploring a number of options regarding the listing of its stock, post-audit. These include the OTCQX, AIM and the possibility of listing SPZI stock on a regional stock exchange.
"We are continually witnessing a trend of companies down-listing to the Pink Sheets from the OTC BB due to costs associated with Sarbanes-Oxley compliance. We believe this trend is justified," commented Paul Strickland, CEO of Spooz. "It is a possibility that we will remain a fully reporting Pink Sheet company until we make a listing decision. Listing is a critical for Spooz in particular, considering the global prospects for the company. Our goal is to create maximum shareholder value for each dollar spent, and with increasing exchange consolidation on the horizon, Spooz has ever increasing options to accomplish that goal."
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 Forward-Looking Statements: This news release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements present management's expectations, beliefs, plans and objectives regarding future financial performance, and assumptions or judgments concerning such performance. Any discussions contained in this release, except to the extent that they contain historical facts, are forward-looking and accordingly involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements.
About Spooz, Inc.
Spooz, Inc., a publicly traded company based in Chicago, provides a suite of solutions designed to simplify financial trading for traders and hedgers alike. SpoozToolz(TM) and its modules, the Company's flagship products, add built-in trading capabilities to the popular Microsoft(R) Excel software application, combining a customizable interface, streaming quotes, charts, technical analysis, a comprehensive historical database, and electronic trade execution into a simple add-in that becomes part of the Excel tool bar.
SOURCE: Spooz, Inc.
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EEGI (.43) Eline Entertainment Completes Due Diligence Process For Cyclolab Acquisition Jul 11, 2006 1:18:00 PM
KNOXVILLE, Tenn., July 11 /PRNewswire/ -- Eline Entertainment Group, Inc. (OTC Pink Sheets: EEGI), announced today that it has completed the overall due diligence process in evaluating the acquisition of a majority interest in Cyclolab Research & Development Laboratory, Ltd. of Budapest, Hungary by its 51%-owned subsidiary, CTD Holdings, Inc. (OTC Bulletin Board: CTDH). Eline Entertainment Group further noted that it is currently moving forward with its efforts to secure financing necessary for the completion of the acquisition.
Cyclolab is the leading European manufacturer of GMP Cyclodextrins and CD complexes on a pilot plant basis. Cyclolab, under the leadership of the late Dr. Joszef Szejtli, grew from a small specialty CD research shop in the early 1980s to the most prestigious research and pilot plant manufacturer of CDs and CD complexes in Europe today.
About Eline Entertainment
Eline Entertainment Group, Inc. provides manufacturing solutions through the design, sourcing and distribution of specialty materials, systems and related supplies. The Company's Storm Depot International subsidiary distributes hurricane protection products, including its proprietary E-Panel, a lightweight translucent hurricane panel, through a network of licensed dealers and independent retailers. The company's dealer outlets offer the public and the contracting trade a one-stop shopping solution for a broad range of hurricane protection and preparedness products.
Eline also holds a controlling interest in the voting securities of CTD Holdings, Inc. (OTC Bulletin Board: CTDH), which sells cyclodextrins (CDs) and provides consulting services in the area of commercialization of cyclodextrin applications. CDs have applications in the areas of biotechnology, cosmetics, foodstuffs, pharmaceuticals, and toxic waste treatment, among others.
This press release contains forward-looking statements, some of which may relate to Eline Entertainment Group, Inc., and which involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in Eline Entertainment Group, Inc.'s filings with the Securities and Exchange Commission.
SOURCE Eline Entertainment Group, Inc.
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Barry Rothman Eline Entertainment Group Inc. +1-561-483-7743
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CORRECTING and REPLACING EGPI/Firecreek, Inc. Announces Project Start Up For Additional Gas Well In Wyoming; Addition of Well Will Bring Three Producing Wells For The Company's TMD Project via COMTEX
EGPI/Firecreek, Int'l Joe Vazquez, 817-886-3297 or info*egpifirecreek.net
The corrected release reads:
EGPI/FIRECREEK, INC. ANNOUNCES PROJECT START UP FOR ADDITIONAL GAS WELL IN WYOMING; ADDITION OF WELL WILL BRING THREE PRODUCING WELLS FOR THE COMPANY'S TMD PROJECT
EGPI/Firecreek Inc. (OTCBB:EFCR) announced the Company's Executive and Finance Committees have unanimously approved the initiation and funding to rework the third gas well (13-9) located in the Ten Mile Draw Green River Basin of SW Wyoming (TMD). The Company's Chairman and Chief Financial Officer, Dennis R. Alexander, stated, "The start up of this third well brings us in line and on target with the stringent criteria set forth by our Executive Committee at the beginning of this year." He also stated, "We believe that after this third well is up and fully operational, we will be positioned to utilize our consolidated revenue streams to secure structured financing terms for additional multi-well drilling and development programs located in the TMD core area. It is envisioned this project will assist the Company's planned growth at an increased rate towards cash flow and asset development. We expect to continue the momentum we have developed to carry forward through 2006 and into 2007."
The 13-9 gas well will be reworked under the same joint venture agreement and provisions, as previously announced, with the first two wells, with Newport Oil Corporation. Each Company will own a 50% working interest and Newport Oil Corp. will be the operator of the well.
Newport Oil Corp. President John Bruynell stated, "The 13-9 well is significant in that it is the third and last existing well that is being reworked under the Firecreek/Newport joint venture. We have reason to believe it has the greatest potential of all three wells in producing the most natural gas on a daily basis, as well as the ability to recover the greatest amounts of gas reserves over the life of the three wells." He also stated, "We are anxious to begin work immediately and have already arranged for new casings and the workover rig to be on location this week. Additionally, Halliburton is formally scheduled to run new high tech fracs on both the Almond and Lewis sand formations on July 22, 2006."
The Company anticipates the 13-9 well to be running and fully operational on production by September 2006.
The state of Wyoming has been experiencing a sudden economic boom with the resurgence of gas exploration and drilling in its state. For more information on the dynamic growth currently being experienced by Wyoming please go to the following link for more information:
EGPI Firecreek Inc., through its Firecreek Petroleum unit, is focused on oil and gas production with an emphasis on acquiring existing oil fields with proven reserves. Additionally, the Company specializes in the rehabilitation of potentially high throughput oilfields, resource properties and inventories on an international basis.
Safe Harbor
This release contains statements that constitute 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. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Energy Producers Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Energy Producers Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Energy Producers' filings with the Securities and Exchange Commission.
SOURCE: EGPI/Firecreek Inc.
EGPI/Firecreek, Int'l Joe Vazquez, 817-886-3297 or info*egpifirecreek.net
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