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ADNL .003 Adrenaline Nation Entertainment, Inc. Names John Furlow Chief of Operations
Jul 13, 2006 10:06:00 (ET)
CLEARWATER, Fla., Jul 13, 2006 (PRIMEZONE via COMTEX) -- Adrenaline Nation Entertainment, Inc. (Pink Sheets:ADNL), which produces Adrenaline Nation TV, the leading channel for cutting edge independent music TV, innovative independent and short films and adrenaline sports for the highly coveted 18-49 demographic, today announced that it has named John Furlow Chief of Operations. In this capacity Furlow oversees the daily operations and management of the company.
"I have worked with John Furlow for many years in the merchandising end of the music industry in Nashville," said Keith Dressel, CEO of Adrenaline Nation Entertainment, Inc. "His business acumen, the trust that he has earned from his colleagues and clients, and his proven management skills will be major assets to ANTV as we expand beyond the 28 million household mark and enter into new markets and content delivery models. John has played a key role in Adrenaline Nation since its inception and we look forward to his continued support."
Over the course of the last 16 years, Furlow's company, SBBS, has assisted in the oversight and operations of over 100 companies across a broad range of industries and several non-profit groups. He has assisted many of them in business plan development and strategic marketing initiatives. Furlow has been responsible for the structure and launch of numerous successful start-ups over the years. He has also counseled clients on insurance, investments and real estate projects.
"ANTV is leading the way in new media markets by delivering on the tremendous purchasing power of the 18-49 demographic with riveting programming that they want to see in the formats they want to see it in, be it cable TV, Internet, satellite TV, mobile phones, Wi-Fi or other emerging technologies," said John Furlow, Chief of Operations of Adrenaline Nation Entertainment, Inc. "It is a pleasure to help Adrenaline Nation scale to meet this tremendous opportunity with this savvy, brand conscious audience of more than 100 million strong with buying power of $250 billion."
ANTV premieres the hottest new independent bands in the world, the coolest and most innovative independent and short films, and the top up-and-coming stars of such Adrenaline Sports as skateboarding, surfing and bull riding -- the fastest growing sport in America. Adrenaline Nation TV's (ANTV) programs include "Bubbling Under" which features the best music from the hottest artists bubbling under the charts, and other programs such as "Paovae X," "Pressure Block" and "Thunder Juice," which showcase the hottest new independent bands, music videos and artists.
About Adrenaline Nation Entertainment, Inc.
Headquartered in Clearwater, Florida, Adrenaline Nation Entertainment, Inc. (Pink Sheets:ADNL), provides broadband TV programming, connecting viewers and advertisers to the tremendous purchasing power of the coveted 18-49 year audience. Adrenaline Nation Entertainment's programming features the hottest, cutting-edge independent music in the world, independent films, adrenaline sports, motor sports, and extreme action and adventure programming in a format to be distributed to homes via broadband Internet, IPTV, digital cable, Wi-Fi, high definition and mMobile TV. Adrenaline Nation TV can be viewed on the company's highlight reel at http://www.brandedentertainment.tv/antv .
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project" or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance and achievements expressed or implied in such forward-looking statements.
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DFDR (.14) Company Forecasts Record Revenue and Profitability for Fiscal Year 2006-2007 Jul 13, 2006 10:19:00 AM Copyright Business Wire 2006
NEW YORK--(BUSINESS WIRE)--July 13, 2006--
Diamond Ranch Foods, Ltd. (Pink Sheets:DFDR), a custom meat processing and distribution conglomerate, reported today the following corporate events:
Effective April 1, 2006, the commencement of the Company's 2006-2007 fiscal year, Diamond Ranch Foods implemented a major reorganization of the company's business operations. Lou Vucci, Jr., President, stated: "We are currently experiencing record profitability and anticipate adding significant revenue in the third and fourth quarters resulting in record revenues for the 2006-2007 fiscal year. Our company has begun a major focus on branding its products under the "Diamond Ranch Foods" private label. We are broadening and expanding our product lines and bringing in higher profit margin items. We have consolidated our sales and marketing force and implemented a commission-based sales force based on performance. We plan to augment our current growth by identifying strategic regional acquisition targets with strong local and regional brand recognition."
Commenting further, Mr. Vucci, Jr. stated, "The steps implemented on April 1, 2006 have begun to show immediate improvements in the profitability of our company's core operations. We continue to work diligently to enhance shareholder value and I look forward to updating our shareholders in the near future on the further positive results of our actions."
About Diamond Ranch Foods, Ltd.
Diamond Ranch Foods, Ltd., a processor and distributor of meats and fresh cut portion controlled poultry, is located in the historic Gansevoort meatpacking district in lower Manhattan, NY. Operations include packing, processing, labeling and distribution of products. The company's diversified customer base includes in-home food service businesses, retailers, hotels, restaurants, and institutions, deli and catering operators and industry suppliers. Specific customers include Madison Square Garden, TGI Friday's, Sloan Kettering Hospital, and the Hilton Group (OTC:HLTGY). The company also provides portion controlled meats, custom meat cutting, and private labeling.
Safe Harbor Forward-Looking Statements
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 and Section 21E of the Securities Exchange Act of 1934. 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 invoke risk 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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FHAL (.28)The New CEO Of the FrontHaul Group Is to Join ***.com Thursday, July 13, 2006 at 9:45 a.m. CDT Jul 13, 2006 10:26:00 AM
ROCKWALL, TX -- (MARKET WIRE) -- 07/13/06 -- The FrontHaul Group (OTCBB: FHAL) has gone through a recent transformation and Market News first would like to invite you to join us in welcoming Rufus Paul Harris the new CEO of this company for an Live Exclusive Discussion.
The FrontHaul Group is a publicly held Delaware corporation with branch offices in Rockwall, TX. The FrontHaul Group expects to grow their business specifically in the areas of 3rd party logistics, which includes but is not limited too Transportation Brokerage and Motor Carrier services.
The Company has recently signed a letter of intent with CEOTA and The Brazilian Government to have the exclusive rights in removing the sunken logs from the Amazon River.
Join Rufus Paul Harris, CEO FrontHaul Group, Mike the Analyst, and Dick Hunter today at 9:45 a.m. CDT on ***.com.
About ***.com
Market News First is an online microcap news provider which brings investors current up to speed news on the microcap market. Market News First is the only online live radio web site that brings real microcap news to investors and features live interaction with companies from the Bulletin Board, Pink Sheets, and Amex.
Through daily live pressers we bring you up to date on all the established companies and inform the investors of the newest opportunities within the microcap market. Market News First's one on one interviews with the Presidents and CFOs of microcap companies, broadcasted on our website, delivers answers to the questions that microcap investors would ask and provides them insight into the companies' present condition and future plans.
Contact: Rufus Paul Harris 678.255.7650
Stinson Bland Market News First 469-385-9855 Email Contact
-------------------- The difference between genius and stupidity is that genius has its limits
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0.166 China Direct Forms Complete Power Solutions of Miami Subsidiary Update: 7:21 AM ET Jul 13, 2006
COOPER CITY, FL, Jul 13, 2006 (MARKET WIRE via COMTEX) -- China Direct Trading Corp. (CHDT : china direct trading corp com News , chart, profile, more Last: 0.17-0.02-9.84%
10:13am 07/13/2006
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: CHDT0.17, -0.02, -9.8%) ("China Direct" or "CHDT") today announced that it has signed a 20-day letter of intent with, and has received a $50,000 good faith earnest money deposit from minority investment partners, to form its second new power generator sales subsidiary: "Complete Power Solutions of Miami" (CPSM). CPSM will sell power generators in Southern Broward and Dade counties of Florida, which include the cities of Miami, Miami Beach, Coral Gables, Westin, Hollywood, Dania, Hialeah and South to Key Largo. We expect CPSM to fully operational by August 15, 2006. The minority investment partners include: (1) Michael Burchell, Ben Walker, and Joe Cangiano, who combined have some 60 years of extensive experience in electrical contracting and excavation skills (such skills are necessary for the expeditious installation of new power generators and support of overall CPS business statewide); and (2) Howard Ullman and Jeff Postal, who are the CEO/President/Chairman of the Board and a director, respectively, of CHDT. The minority partners will contribute a total of $300,000 in start-up capital to launch CPSM. CPSM will purchase all of generators, cement slabs, and engineering services from CHDT's majority owned subsidiary, Complete Power Solutions, LLC, Pompano Beach, and Fl. "The formation of CPSM follows our current business model of expanding the geographical market for our power generator sales operations by forming new majority-owned subsidiaries with local investor/partner groups. We are currently seeking and interviewing potential future partners and doing regional market assessments in Florida, The Gulf Coast and the Northern Virginia-Washington, D.C. region to determine where and when new subsidiaries might be launched. Our goal is to establish three to six new power generator subsidiaries this year," said Howard Ullman, CHDT CEO/President. RADIO INTERVIEW: Howard Ullman will be featured in a live radio interview on www.***.com at 9:00 am Eastern Time today, Thursday, July 13, 2006. *** is a leading microcap investor media portal and interested parties may go to www.***.com and download the free player that will allow them to listen to the interview. The live broadcast is available to anyone at any computer connected to the Internet. About China Direct: China Direct ( www.chdt.us) is a holding company engaged through its operating subsidiaries in the following business lines: Overseas Building Supply (OBS) is engaged in manufacturing, distribution and logistics of building materials including but not limited to generators, roof tiles, interior doors, and insulation materials. CPS ( www.completepower247.com) is a majority-owned subsidiary engaged in turnkey solutions for standby commercial and residential power generation. Souvenir Direct Inc. (SDI) ( www.souvenirdirect.com) is engaged in product development, manufacturing, distribution, logistics and product placement into mass retail of souvenir and gift items. None of the web site URLs listed in this press release is incorporated into or is part of this press release. FORWARD-LOOKING STATEMENTS: This press release, including any financial information and projections, contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on China Direct's and its subsidiaries' managements' current expectations and assumptions, and involve risks and uncertainties. Such expectations and assumptions may prove to be faulty or incorrect and actual results may differ significantly, materially from those anticipated results set forth in such statements. Current revenues and revenue growth is not a reliable indicator of future financial results and should not be relied upon by investors as such an indicator. China Direct relies on outside investment to expand its operations. Such financing may not be available on affordable terms or at all in the future to sustain or grow such new operations and such operations may not generate sufficient income to fund operations and growth. Further, the fact that China Direct is establishing new operations is not an indicator of the future success by China Direct or by any such operation. China Direct and such new operations may lack sufficient management and sales personnel and resources to achieve or sustain revenues necessary to the survival of such new operations and each such new operation further strains China Direct's existing, limited management personnel and resources. China Direct and CPS undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements in this press release and risks associated with any investment in China Direct, which is a "penny stock" company (and as such is deemed a "highly risky investment") should be evaluated together with the many uncertainties that affect our business, particularly those stated in the cautionary statements and risk factors in current and future China Direct SEC Filings, which statements we hereby incorporate by reference herein. Contact: Rich Schineller 941.918.1913 rich*chdt.us SOURCE: China Direct Trading Corp.
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USSG (.13)Develops Wireless Video Surveillance System to Record Damages From Boats and Barges Colliding With Railway Drawbridges System to Enable Railroads to Recover Millions in Property Damages Jul 13, 2006 11:00:00 AM
DALLAS, TX -- (MARKET WIRE) -- 07/13/06 -- USA Signal Technology, Inc. (PINKSHEETS: USSG) (www.usasignal.com), the Dallas, TX-based company that designs, markets and manufactures state-of-the-art traffic signaling and monitoring systems, has completed work on a unique wireless video surveillance camera system to monitor, detect and record video evidence of boats and barges colliding with railway draw bridges. The system will enable railroads to recover millions in property damages.
"Surprisingly, boats and barges colliding with railway draw bridges is a frequent and costly enough occurrence to be of growing and continuing concern to the railroad industry," says Bob Stevenson, USA Signal's CEO. "In fact, it happens on the average about once or twice per week, and can cost millions of repair dollars even for one bridge. Our system enables the railroad to have documented evidence of any occurrence and seek restitution from the boat or barge owner that damaged its bridge. We see our proprietary system focused on an important untapped multi-million dollar market."
The USA Signal wireless video surveillance camera system monitors and records all boat traffic approaching and passing under the railway drawbridges where it is installed. Video information about each boat, including registration number and name, is recorded and simultaneously sent wirelessly to a security office where the information is recorded and can be viewed by security officers. The video recording is intended to be used in the legal proceedings, following collisions.
The VGA color video stream is MPEG-4 and is sent at the rate of 5 frames per second. The cameras have low light capability so pictures can also be recognizable at night. The cameras record 48 hours of backup video in case the remote office system fails. The operating system software can display multiple video streams on a signal monitor located in the security office, with the monitor divided into quadrants. A security officer can "click" on any quadrant for a picture to completely fill the screen. Each quadrant has a title block with location and time-stamp to identify which camera video stream is being displayed and recorded at MPEG-4 at 5 frames per second rate.
USA Signal's Railway Bridge Systems are now ready for evaluation by the nation's railroads. Installation of the first demonstration is expected to take place prior to the end of June 2006, with others to follow. The company anticipates that as the systems are demonstrated and shown to meet customer needs and specifications, it will begin receiving purchase orders.
About USA Signal Technology, Inc.
USA Signal Technology, Inc. (PINKSHEETS: USSG) (www.usasignal.com) is a Dallas, TX-based company that designs, manufactures and markets state-of-the-art traffic signaling and monitoring systems. It provides the most technologically advanced and lowest cost-of-ownership intelligent LED (Light Emitting Diode) traffic signals for municipalities. Its advanced designs provide the most cost effective LEDs and, most important, it has the only signals that combine other advanced technology products to create the first Intelligent Traffic Intersection Systems (ITIS) and Railroad Crossing Surveillance & Detection Systems.
Contact: Paul Calixto Email Contact Phone: 469-522-0820 www.usasignal.com
-------------------- The difference between genius and stupidity is that genius has its limits
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PFNC--.13--ParaFin Corporation Renegotiates Agreement to Buy 12.2 Million Metric Ton Allotment (90 Million Barrels) of Russian Export Blend Crude Oil ("REBCO") 7/13/2006
PALM SPRINGS, CA, Jul 13, 2006 (MARKET WIRE via COMTEX News Network) -- ParaFin Corporation (OTCBB: PFNC): On June 19th, 2006, and approved by the Board of Directors on July 12th, 2006, the Company and International Project Finance and Investment Corporation (Bahamas) on behalf of Oy Coral Marine Management LTD, the Purchaser, jointly agreed to terminate the Oil and Share Purchase Agreement executed on May 8th 2006.
On June 20th, 2006, and approved by the Board of Directors on July 12th, 2006, ParaFin Corporation (the Company) signed an Agreement directly with OY Coral Marine Management, Ltd. a company organized under the laws of Finland ("OY Coral" (the Purchaser)). The Company executed an "Oil and Share Purchase Agreement" whereby ParaFin agreed to buy a 12.2 million metric ton (88,864,800 Bbls.) allotment of Russian Export Blend Crude Oil ("REBCO"). The Company will issue to the Purchaser 88,865 SERIES "A" REDEEMABLE, RETRACTABLE ON DEMAND,NON-VOTING, PREFERRED SHARES priced at US$70,000 per share (US$6.22 Billion).
The Preferred Shares issued under the June 20th, 2006 Agreement pay no interest and do not have conversion features into common shares as were in the May 8th, 2006 Agreement. In consideration for dropping the 8% interest and the right to convert a portion of the Preferred into common stock, the Company will issue the Purchaser 500,000,000 bearer share purchase warrants. Each Warrant gives the holder the right to purchase one common share of the Company at $0.25 per share for a period of five years.
The June 20th, 2006 Agreement calls for the Company to immediately issue 88,865 Series "A" Redeemable, Retractible, Non-Voting Preferred shares at US$70,000 per share, the issue price (US$6.22 Billion), identified by CUSIP # 69912M301 and ISIN # US69912M3016.
Mr. A. F. Saez, Asset and Portfolio Manager, and a Consultant to ParaFin, negotiated the terms of the new Agreement between ParaFin and the Purchaser. The terms of the Agreement will allow Parafin to retract and/or redeem the Preferred shares at the price the REBCO was sold less $5 per barrel retained by the Company. The Company will pay some selling costs when the Oil is sold. Various offers to purchase the REBCO Crude Oil have already been received by Mr. Saez, the Asset and Portfolio Manager, and are currently being assessed.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those, set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
ParaFin Corporation Telephone: (877) 613-3131 Facsimile: (866) 613-3131 Internet Web Site: www.parafincorp.com E-Mail: ceo*parafincorp.com
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NEOM (.219) Nokia Joins NeoMedia and Ferrero as Campaign Partner Jul 13, 2006 11:19:00 AM Copyright Business Wire 2006
MUNICH, Germany & FORT MYERS, Fla.--(BUSINESS WIRE)--July 13, 2006--
12snap AG, a NeoMedia Technologies company (OTC BB: NEOM), today announced that it is again working with Ferrero to provide the mobile marketing component for Ferrero's multi-channel marketing strategy -- this time in its long-running German Football (Soccer) Association (DFB) Team Sticker Campaign for the Ferrero brands duplo and hanuta. Nokia, a world leader in mobile communications, is involved as a campaign partner in this specific marketing program.
Collectable pictures of the national soccer team have been available through purchases of duplo and hanuta products from retail outlets since mid-April. To extend this promotion further, Munich-based 12snap, an award-winning leader in mobile marketing and entertainment applications, has developed the soccer Collector's Album for mobile phones.
A code on the back of the pictures found in the purchased products can be sent via SMS to order the digital Collector's Album and additional DFB football pictures. Initially the digital Collector's Album is installed on the mobile phone through a WAP push link (an SMS sent back to the requester's mobile phone with a link that when clicked upon, will download the album and pictures ordered onto that particular phone). Anybody with a collection of 11 pictures in the digital Collector's Album is eligible to receive a free version of 12snap's "Champion Football Game" on their mobile phone, letting them play their own version of a world soccer championship.
"With this highly innovative multi-media use of the mobile medium, 12snap is again demonstrating its award-winning creativity for long standing client Ferrero," said Martin Copus, COO of NeoMedia and head of the mobile business unit. "We appreciate greatly Ferrero's loyalty."
As the World Cup (the pre-eminent world-wide soccer tournament held only once every four years) was held this year in Germany, and with the German team reaching the semifinals, German fans have been caught up in all the excitement.
"German soccer fans, fuelled by this excitement in their own backyard, have been embracing Ferrero's innovative campaign and elevated the image of the duplo and hanuta brands," said Diana Kemper, executive client service director at 12snap Germany.
The mobile campaign runs through July 31, 2006.
Ferrero has called, for the third year in a row, on 12snap's mobile marketing expertise to implement this on-pack campaign, after having teamed with the Munich company for successful mobile campaigns it created for duplo and hanuta.
"We are pleased that Ferrero is once again working with us to continue its multi-channel strategy by commissioning 12snap to create, develop and implement the Collector's Album," continued Ms. Kemper. "This Collector's Album demonstrates the abilities of our innovative Java client technology and it shows what, creatively speaking, can be done with a mobile phone."
Along with its efforts for Ferrero, 12snap has developed other mobile applications for the world of soccer for other major brand clients including Lufthansa.
About 12snap
12snap AG, a NeoMedia Technologies company (OTC BB: NEOM), is an expert in developing and implementing innovative marketing campaigns and entertainment applications for mobile phones. Founded in 1999, 12snap utilizes the creative and technological opportunities inherent in mobile phones to create award-winning campaigns by efficiently combining its know-how in mobile applications, mobile loyalty and mobile marketing. 12snap is the only mobile marketing company in the world to be awarded Lions at the prestigious Cannes advertising festival (4 Lions in total), while in 2005 it was ranked in the Red Herring 100 most innovative technology companies in Europe. As a pioneer and one of the leading European providers of mobile marketing, 12snap provides services to companies such as McDonald's, Lufthansa, MTV, Coca-Cola, Ferrero, adidas, Vodafone, Unilever and Gillette. 12snap has its headquarters in Munich and branches in Dusseldorf, New York, London, Milan, Stockholm and Vienna. For more information about 12snap, please visit www.12snap.com.
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com) is a diversified global company offering leading edge, technologically advanced products and solutions for companies and consumers, built upon its solid family of patented products and processes, management experience and expertise. Its mobile services group of companies offers end-to-end mobile enterprise and mobile marketing solutions, through its flagship direct-to-mobile-Web qode(R) technology, and ground-breaking products and services from 4 (shortly to be 5) of the USA's and Europe's leading mobile marketing providers. All NeoMedia Mobile companies benefit from NeoMedia's 27 wireless patents, and the new group is comprised of 160 of the most experienced mobile marketing talent in the world. By linking consumers and companies to the interactive electronic world, NeoMedia delivers one-to-one, permission-based, personalized and profiled dialogue--anytime and anywhere.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
Trademarks are properties of their respective owners.
Source: NeoMedia Technologies, Inc.
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NeoMedia Technologies Inc. Martin Copus +(239)-246-9889 or +44 7766 801818 mcopus*neom.com or The Kaminer Group David A. Kaminer +(914) 684-1934 dkaminer*kamgrp.com or Zucker.Kommunikation +49 30 247 587-0 12snap*zucker-kommunikation.de presse*12snap.com
-------------------- The difference between genius and stupidity is that genius has its limits
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AMHD (.01) Hires Fire Protection Engineer Nick Cricenti Jul 13, 2006 11:20:00 AM 2006 PrimeZone Media Network
CHEYENNE, Wyo., July 13, 2006 (PRIMEZONE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce that its wholly owned subsidiary, Amelot Alternative Energy, Inc., has hired fire protection engineer Nick Cricenti, of SFC Engineering Partnership Inc.
"We met with Nick yesterday for an initial review of the facility and its fire safety system. The building was recently renovated in 2001 and initial inspection went very well. No major issues were raised. We are expecting to receive a full report sometime next week," stated, Aziz Hirji, President of Amelot Holdings, Inc. To clarify information in yesterday's press release, the property on which the facility is located was stated as 160 Burke Street. Upon the 2001 renovation, the property was subdivided. The address of the production facility will be 164 Burke Street Nashua, New Hampshire. To view the property please visit the following link, go to commercial properties, view properties and click on 160 Burke Street.
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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RKLC (.29) Facilitates Sale of Blimpie Franchise for Kahala and Announces Three Additional Franchises to be Opened Jul 13, 2006 11:31:00 AM 2006 PrimeZone Media Network
MILLER PLACE, N.Y., July 13, 2006 (PRIMEZONE) -- Rockelle Corporation, Inc. (OTCBB:RKLC), a developer, owner, operator and franchiser of unique quick service restaurants and food concepts, announces that it has finalized the first of what could be many business deals with Kahala Corp. Rockelle facilitated the recent sale of a Blimpie franchise in Wilton, N.Y., near Saratoga Springs, for which Rockelle has earned a sales commission.
As announced in their May 22nd press release, Rockelle recently contracted with Kahala Corp. (www.kahalacorp.com), an international owner and master developer of multiple food franchises, for the rights to sell any of Kahala's food concepts. The release went on to say that Rockelle had already purchased two (2) Blimpie locations in Florida, which have an anticipated opening date of spring 2007.
On July 11th, Rockelle announced the grand opening of its first Stewart's Root Beer franchise in the Wal-Mart Super Store in Shrewsbury, Pa. As announced in March and April of this year, Rockelle also plans to open multiple franchise locations within Wal-Mart stores in Maryland and Florida. Three additional locations are scheduled to open in the next few weeks, pending permits and inspection.
Gerard Stephan, President and CEO of Rockelle, stated, "I was delighted to announce the grand opening of our first Stewart's franchise, and I am thrilled to report that we are on schedule to open three (3) more Stewart's franchises within the next thirty (30) days."
Mr. Stephan went on to say, "With our first Stewart's location open and operating, and three more on the way, not to mention the other business developments we have underway, I have never felt more confident in our business strategy and our growth potential.
Forward-Looking Statements
Statements released by Rockelle Corporation that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
CONTACT: Rockelle Corporation Investors: Jerry Stephan (631) 244-9841
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ACGI (.03) Agreement With AccessOne Consumer Health Inc. Jul 13, 2006 11:53:00 AM Copyright Business Wire 2006
TAMPA, Fla.--(BUSINESS WIRE)--July 13, 2006--
The Amacore Group Inc. (OTCBB:ACGI), formerly known as Eye Care International Inc., (ECI) the nation's premier provider of discount vision plans, announced that it has signed an agreement with AccessOne Consumer Health Inc. Under the terms of the agreement, AccessOne, which is a licensed Discount Medical Plan Organization, will market the Company's discount vision plan to it customers on an exclusive basis.
"We pride ourselves on being able to provide our customers with the highest quality healthcare access and savings programs in the nation at the most affordable prices" says Robert Fortier, executive director of Marketing of AccessOne. "When it comes to vision, the ECI plan is far and away the most complete and highest quality discount vision plan in the nation. We are extremely pleased at being able to reach an agreement with them so that we can now provide their services to our customers," he adds.
Fortier also announced that AccessOne has been contacted by a large group (over 400,000 members) that required a compliant discount vision plan for its members. "Our customer was so impressed with ECI that it has decided to initially enroll their Florida membership, which totals approximately 10,000 lives. These members are expected to be enrolled within the next week or two," he adds. Fortier noted that he would expect a roll-out of their remaining members within the next 90 days or so.
About AccessOne Consumer Health Inc.
AccessOne Consumer Health Inc. is a licensed Discount Medical Plan Organization that provides non-insurance healthcare related discounts to associations, companies and individuals. Currently AccessOne offers these discounts in dental, physician, vision, prescription and chiropractic services to over 250,000 eligible members nationwide. AccessOne may be contacted at http://www.accessonedmpo.com.
About The Amacore Group Inc.
The Amacore Group Inc. owns and operates the largest discount vision network (Eye Care International), with provider locations nationwide. It is the only discount vision plan providing the services of ophthalmologists (MDs) who discount all their services including cosmetic surgical procedures, such as LASIK vision correction and Co2 Laser Skin Resurfacing. The Amacore Group is also the parent company of LBI Brokerage LLC, distributor of the Eye Care International Vision Plan and the Transamerica Worksite program.
Certain matters discussed in this news release are "forward- looking statements." These forward-looking statements, which only apply on the date of this release, generally can be identified by the use of forward-looking terminology such as "may," "will," "expects," "intends," "estimates," "anticipates," "believes," "continues," or words of similar import. Similarly, statements that describe Amacore's future plans, objectives or goals are also forward-looking statements, which generally involve known and unknown risks, uncertainties and other facts that may cause the actual results, performance or achievements of the company to be materially different from those expressed or implied by such forward looking statements. Such factors may include the following: uncertainties associated with product development, the risk that Amacore will not gain market acceptance, the impact of competition, the risks associated with dependence upon key personnel and the need for additional financing.
Source: Amacore Group Inc.
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For the Amacore Group Inc. Donald Kappauf 813-289-5552
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FFBU (.12) Continues Its High Growth Jul 13, 2006 11:59:00 AM Copyright Business Wire 2006
LAS VEGAS & BRISBANE, Australia--(BUSINESS WIRE)--July 13, 2006--
Fit For Business (OTCBB:FFBU) announces its license agreement with a noted, high-profile business in the southern United States. The agreement is expected to be irrevocable by Friday 4 p.m. EDT. The final agreement includes a capital injection which the company will use to further the successful marketing campaign. The company is buoyed by the dynamic growth in the health industry. Client satisfaction and increased corporate awareness of workforce fitness assure continued support and growth of Fit For Business.
About Fit For Business Inc.
Fit For Business Inc. (OTCBB:FFBU) provides a wide range of corporate wellness programs incorporating nutritional supplements, physical activity programs with monitoring and reporting, all which support a healthy workforce. The results help the profits of each company by proactively dealing with the increasing epidemic of poor health, which equates to increased absenteeism and lower levels of productivity. Fit For Business has invested to qualify for the ISO 9001:2000 standards to ensure the highest quality of service for its programs.
Statements made in this press release that express the company's or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements.
TORONTO, July 13 /PRNewswire-FirstCall/ - Racino Royale, Inc. (OTCBB: RCNR) ("RR") is pleased to announce that the Saskatchewan Liquor and Gaming Authority ("SLGA") has authorized the company's request to operate eight weeks of harness racing at Big Valley Raceway in Craven, Saskatchewan. The race meet is scheduled to start on July 23, 2006, and will run every Sunday thereafter until September 10, 2006.
This is a pivotal step for RR and the horse industry in the province. Approval of these race dates fills an eight-week gap in the region's racing season and provides the public and horsepeople with five consecutive months of harness racing. Currently, there is harness racing at Yorkton's Exhibition Park, which started June 10, and Marquis Downs in Saskatoon, beginning in September and running until October.
"This is an important step for us," noted John G. Simmonds, Director and CEO of RR. "With the approval and backing of the SLGA we are confident that we can put on a quality race meet in Craven and look forward to becoming part of Saskatchewan's strong tradition of harness racing."
RR announced last month that it had acquired the exclusive rights agreement for a racino development opportunity in Regina, Saskatchewan, with the Saskatchewan Standardbred Horsemen's Association ("SSHA"). In short measure, the company has been taking steps to secure a foothold in the Saskatchewan racing industry with that goal in mind. However, this first step to revive racing in Craven is an indication of RR's overall commitment to harness racing in the region.
"We are very pleased with the support and final SLGA approval of the dates in Craven," said SSHA President Alvey Halbgewachs. "Now we can continue to build momentum into the 2006 race meet which will see 24 race days on a weekly basis spanning 5 consecutive months," echoed Glenn Le Drew, Vice President for the SSHA. "We haven't had a program like that here for a long time and our horsemen now have the confidence and motivation to continue to grow the industry back into something far bigger than we have seen in recent years. Owners who had previously gone out of the business are interested and excited again and starting to come back. You can once again sense excitement and anticipation in the air and this year will certainly prove to be a sign of a promising future for harness racing in Saskatchewan."
The company is still awaiting approval from the Canadian Pari-Mutuel Agency ("CPMA"), but does not foresee any problem and is taking all the necessary steps to make sure the Craven track and facilities are ready for Sunday, July 23.
RR's periodic reports are on file with the Securities and Exchange Commission and available through the EDGAR website at www.sec.gov. Any disclosure of financial or operating results in this news release is qualified by these periodic reports and readers should refer to them for full details regarding financial results. RR, headquartered in Toronto, Ontario, is a publicly traded company listed on the Nasdaq OTCBB Exchange. For more information please call Jason Moretto at (416) 216-8659 x302.
This press release contains forward-looking statements relating to future events and results that are based on RR's current expectations. These statements involve risks and uncertainties including, without limitation, RR's ability to successfully develop and market its business, consumer acceptance of its business and products, competitive pressures relating to price reductions, competition from other entertainment forms and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected.
SOURCE Racino Royale, Inc.
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please call Jason Moretto at (416) 216-8659 x302
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PHYH .028- Tiger Team Technologies Begins Trading under New CUSIP and Ticker Symbol As Physicians Healthcare Management Group, Inc. Jul 13, 2006 12:05:00 PM Copyright Business Wire 2006 MIAMI--(BUSINESS WIRE)--July 13, 2006--
Tiger Team Technologies (Pink Sheets:PHYH), announced today that it has completed a corporate name, trading symbol and CUSIP change in conjunction with the comprehensive restructuring announced in May of 2006 that will have the Company trading on the OTC Pink Sheets, under the symbol 'PHYH', as the Physicians Healthcare Management Group, Inc. (a/k/a "PHYHEALTH") effective immediately.
Under the terms of the acquisition and restructuring announced in May, management of the Miami, FL-based managed healthcare company gained approximately 53% ownership interest, voting and management control over Tiger Team Technologies, resulting in PHYHEALTH as the sole surviving entity and business. Post restructuring and acquisition, the Company has approximately 228 Million common shares outstanding and approximately 162 Million Preferred Shares outstanding.
PHYHEALTH, with its affiliated companies, PHYSHIELD Insurance Exchange, a Risk Retention Group, and PHYHEALTH Underwriters, Inc., are leading-edge players in the positive transformation of the nation's healthcare system. PHYHEALTH Plans give its physician partners control over the physician-patient relationship and the decisions affecting patient care. The company's unique PHYHEALTH Plans make it possible for independent physicians and physician groups to integrate all the elements of healthcare delivery and financing in order to deliver high quality healthcare at an affordable cost to the broadest segment of patients in the communities it serves.
PHYHEALTH CEO, Robert Trinka, stated, "We are very excited about PHYHEALTH and its opportunities in today's rapidly evolving healthcare marketplace. The Tiger Team acquisition and restructuring gave PHYHEALTH the right corporate platform and better access to the capital that is critical to the development of our core PHYHEALTH Plans and for key acquisitions necessary to rapidly grow our business." He continued, "Our business model is designed to deliver value to physicians, patients, their communities, and especially to our shareholders. We strongly believe we can make an important contribution to solving the much publicized problems in the nation's healthcare system. We want to return to the brand of physician managed healthcare that all of us and our families can depend on to maintain our health and wellness and care for our disorders."
About Physicians Healthcare Management Group, Inc.
PHYHEALTH develops and operates fully integrated healthcare organizations in partnership with physicians. PHYHEALTH Plans preserve the physician-patient relationship and deliver high-quality affordable healthcare within its selected communities. PHYHEALTH offers a turnkey, prepaid health plan solution to physicians for their Medicare and other individual patients who prefer to choose their own doctor and who make their own healthcare insurance purchasing decisions. PHYHEALTH Plans are unique in integrating all aspects of the delivery and financing of care, including providing medical liability insurance protection through PHYSHIELD Insurance Exchange, PHYHEALTH's exclusive risk retention group. The PHYHEALTH model empowers physicians to proactively manage their patient's general health and medical care and enhances physician financial rewards by increasing practice revenues, reducing expenses and restoring the economic value (equity) of their medical practices.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Physicians Healthcare Management, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: PHYHEALTH
---------------------------------------------- PHYHEALTH Miami Robert Trinka 305-779-1760 rtrinka*phyhealth.com http://www.phyhealth.com or Brass Bulls Corp. Matthew Lovito 866-342-2700 matthew*brassbulls.com
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ARMM .03..NEWS TULSA, Okla., July 13, 2006 (PRIMEZONE) -- Efficiency Technologies, Inc., (EffTec), a wholly-owned subsidiary of American Resource Management, Inc. (Pink Sheets:ARMM), announces its first contract of the EffTrack(tm) web-based software service with a Fortune 500, S&P 100 international healthcare company.
This is an initial installation into one of over 50 facilities operated worldwide and will be tested to confirm the effectiveness of EffTrack(tm) services at improving centrifugal chiller performance and reducing energy consumption. On average, the implementation of the EffTrack(tm) system can reduce energy costs associated with chillers by over 15%.
"It is our hope that once the EffTrack(tm) efficiency results are confirmed, that we will begin negotiating for the installation of EffTrack(tm) into all their locations," stated Don Clark, President of EffTec.
Chillers are the single largest energy consumer in most facilities and typically account for up to 35% of the electrical power use. The U.S. Department of Energy estimates that chillers waste up to 30% additional energy through inefficiency.
If you would like to receive e-mail announcements about ARMM, please click here to sign up: www.Directstocknews.com/ARMM.
About Efficiency Technologies, Inc.
EffTrack collects, stores, and analyzes chiller operating data to determine performance, diagnose causes of inefficiency, and recommend corrective action. The EffTrack monitoring service notifies plant contacts if problems occur. Plant operators and facility managers can review the hourly updated information by logging in to EffTrack from any computer with internet access. By following the EffTrack recommendations for improvement, plant operators can significantly lower the chiller kW/Ton and plant kWh consumption. These savings are identified and measured in the EffTrack reports.
ARMM is an energy resource based holding company located in Tulsa, Oklahoma.
Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities.
CONTACT: Efficiency Technologies, Inc. Don Clark, President Toll Free: (866) 333-8321 Fax: (918) 712-7775 www.EffTec.com 1611 South Utica, Suite 241 Tulsa, OK 74104
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DKGR (.0115)Advances with the Acquisition of the Jackpot Placer Gold Project in Arizona with Estimated Gold of $36 Million Jul 13, 2006 12:37:00 PM
CENTURY CITY, CALIFORNIA -- (MARKET WIRE) -- 07/13/06 -- Drake Gold Resources, Inc. (PINK SHEETS: DKGR) is pleased to announce the completion of a long-term lease acquisition of the Jackpot Placer Gold Project located about seven miles southeast of the town of Quartzsite in La Paz County, Arizona. The placer gold reserves on the Property are estimated to be 60,000 ounces, which, at $600 per ounce, would be worth approximately $36 Million. The leased property consists of three unpatented placer gold mining claims.
Cost of production and operations is estimated at $75-100 per ounce for placer operations. There is also a plan to sell existing gravel on the property, which is estimated at $3-8 million dollars based on information from the lessor. There is a potential market for gravel in local construction areas and would lower cost of operations significantly by selling the gravel on the placer gold project.
THE PROJECT
Geologic evaluations show the placer gravels are up 20 feet deep and contain an estimated 5 million cubic yards of gold-bearing material. Initial assessments suggest area-specific gold resources greater that 60,000 ounces with local values of .250 ounces gold per cubic yard. Evaluation of the Property showed gold is present both in drainages and in numerous trenches on the property that are up to 15 feet deep. The Property is located in the historical Plomosa Mining District, T3N R18W, Sections 4 and 9. The Property consists of three claims comprising 200 acres.
Drake Gold will make monthly advance royalty payments to the lessor, which will be credited against 10% production royalties on the gold recovered from the Property. The remaining 90% of the value of the recovered gold will belong to Drake Gold.
Access to the Jackpot Property is via well-maintained asphalt and dirt roads from Interstate 10 at the town of Quartzsite. The alluvial placer gravel consists of schist, granite, and volcanic rocks derived from the Plomosa Mountains to the east, and the gravels are locally cemented by caliche. The schist exposures in the mountains contain gold-bearing quartz veins and stringers, and probably were the original source of the placer gold deposits. The schists are geologically important because they are the host rocks of the numerous prolific vein-controlled gold mines in Arizona.
ACCESS AND INFRASTRUCTRURE
Infrastructure and equipment existing on the property includes: One heavy-duty Hardinge Scrubber, three concrete holding ponds with 150,000 gallons total capacity, 8-inch water well 775 feet deep, 4-inch water well 700 feet deep, 40-foot steel storage trailer, one hopper, and two small fuel tanks. Also the site comes with a watchman on site to provide security for operations.
PARKINSON GEOLOGICAL SERVICES (PGS)
In addition to this new acquisition for the Drake Gold collection, we have enlisted the services of a fully registered Arizonan geologist, Craig L. Parkinson, RG, CPG, Arizona Registered Geologist #30843 and AIPG Certified Professional Geologist #10098, National Instrument 43-101: Independent Qualified Person. Mr. Parkinson is the president of the successful consulting firm Parkinson Geologic Services or PGS. (http://www.parkinsongeologic.com)
Parkinson Geological Services will aid Drake Gold in efforts to develop the Jackpot property and begin gold production as soon as possible. PGS can provide professional mining services in the following areas: obtain Notice of the Intent (Permit) to conduct surface mining operations, conduct preliminary geologic evaluation of the property to estimate additional gold resources, recommend specific area(s) for initial gold exploration and development, aid in review of additional properties, development of the operations model and assist with preparation of press releases.
Mr. Parkinson of PGS said, "It is exciting with recent gold prices to work with an aggressive team like Drake Gold and to bring this company into production as soon as possible, The Jackpot Property is the first of many projects I hope to do with Drake Gold."
The Jackpot Property could receive the necessary permit(s) in a few weeks time, which could put the project into operations within 60 to 90 days. Additional information, including studies and maps, will be posted to the Drake website as they are made available.
The Drake Team is pleased to present the second project for DKGR shareholders. This project is part of the corporate strategy of expanding cash flow operations to build a diversified base as a profitable company during our first year of operations. Drake Gold just completed the acquisition of Pegasus Cementers D.B.A. Pegasus Oil Well Services (http://www.pegasusoilwellservices.com) that is already projected to do $2.3 Million in 2006. In addition to the Jackpot Project, we plan to complete the initial letter of intent on a placer gold, silver and copper project between the two large deposits in southeastern Arizona, the Commonwealth Mine that produced over a million ounces of gold over the last century and another key location that will be later disclosed.
Current and potential shareholders are encouraged to sign up for e-mail updates. The new Company website provides current news releases, reports, interviews, industry news and market related information. To sign up, click on the link located under the main menu at www.drakegold.com.
Shareholder inquiries and suggestions are welcome and should be directed to the Drake Gold, Investor Relations Team at (toll free) 1-888-601-9983, at the corporate office 1-310-728-6995, or via email at info*drakegold.com or info*novakcapital.com.
About Drake Gold Resources, Inc.
Drake Gold Resources, Inc. (http://www.drakegold.com) is an early-stage mining and energy company that focuses on the exploration and production of precious metals and energy, such as petroleum and coal. Several projects have been identified through our strategic partner Thunder Gulch Resources, Ltd. and its resources in North America. Recently the company acquired oil well service provider Pegasus Oil Well Services, an established company in the South Texas Area since 2001. http://www.pegasusoilwellservices.com.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. 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 which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism. 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.
Contacts: Drake Gold Resources, Inc. Investor Relations Hotline 1-888-601-9983
Drake Gold Resources, Inc. Corporate Office (310) 728-6995 info*drakegold.com or info*novakcapital.com www.drakegold.com
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n New Jersey, the state's Economic Development Authority has given preliminary approval to $84 million in tax-exempt, solid-waste bonds for a waste-to-ethanol facility in Dover Township, according to agency spokesman Glenn Phillips. The state has enough private-activity volume cap to cover the issue.
Fuel Frontiers, a subsidiary of Nuclear Solutions Inc. (NSOL.OB: Quote, Profile, Research), plans to produce 55 million gallons of ethanol a year from old tires at the plant, said company spokesman Fred Frisco. He said final approval for the bonds would be sought in about a month.
In central Ohio's Coshocton, Los Angeles-based Altra Inc. broke ground on Tuesday on a $100 million ethanol plant that will be partly financed with up to $85 million of air quality bonds approved by the Ohio Air Quality Development Authority.
Although the bonds are subject to federal taxes, they are exempt from Ohio income tax, according to Mark Shanahan, the authority's executive director. Shanahan added that three or four other developers have expressed interest in the bonds for their ethanol projects.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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SSTY (.0011) Announces Plan to Spin Out Its Subsidiary Globe Staff Consulting to Sure Trace Shareholders Jul 13, 2006 1:44:00 PM
BAYONNE, France and PHILADELPHIA, July 13 /PRNewswire-FirstCall/ -- Sure Trace Security Corporation (OTC: SSTY) today announced that its Board of Directors has voted to spin out its majority owned subsidiary, Globe Staff Consulting Corporation (Pink Sheets: GSFC), a homeland R&D security company focused on serving the transportation and homeland security industries. SSTY had previously announced that it was considering plans to effectuate a spin out through a dividend to its shareholders.
SSTY owns a majority of the shares of GSFC. SSTY's Board of Directors has approved the spin out of GSFC through the dividend of 100% of the SSTY owned shares of GSFC to all stockholders of SSTY on a pro rata basis. The dividend will be payable on a record date to be determined by the SSTY Board of Directors. The conversion ratio of SSTY shares to GSFC shares has not yet been determined by the Board of Directors. Further details will be released regarding the dates and percentages along with other pertinent information. Fractional shares of GSFC common stock will not be issued. The shares issued to SSTY shareholders shall be restricted. SSTY shareholders will retain their present shares in SSTY.
The Company intends that the dividend will be structured to qualify as a tax-free stock dividend to SSTY stockholders for U.S. federal income tax purposes.
Shortly after the dividend record date, SSTY will mail an information statement to its stockholders of record as of the close of business on the record date. The information statement will include information regarding the dividend and the business and management of GSFC following the distribution. In addition, SSTY and GSFC intend to file important information related to the spin out, including this release, with the Securities and Exchange Commission on Form 8-K.
About Globe Staff Consulting Corporation
Globe Staff Consulting Corporation is a subsidiary of Sure Trace Security Corporation. GSFC is one of France's leaders in the field of wireless security communications. GSFC has partnerships with Orange, French Telecom and Thales. The Company was formed for the purpose of selling and distributing wireless security communications services and is focusing on tracking, tracing and geolocalization of products and people. The company has developed a mix of security tracking services targeting businesses, governments and consumers. Our technology assists our customers to be informed in real time of the exact location of products or people with 2-way communication, and can be customized to meet additional client requirements. GSFC's innovative product and service offerings provide the best advantages to customers, including the smallest tracking modules with GSM and GPS dual capability, innovative specialty cellular phone models, and data capability, all hosted on an ASP server platform.
Overview of Technology
eGeocardio
eGeocardio allows scientists to track the heart rate of people or animals. The integrated cardiometry is displayed with graphics and alerts on computers. eGeocardio first appeared at the 2004 Tour de France to monitor the cyclists. It was utilized by teams, trainers and television broadcasters to monitor the cyclists' performances. Our next version of eGeocardio, which has been advanced to the prototype stage, will include a GSM/GPRS/GPS module which will allow managers and fans to follow the progress of people or animals in real time including location, speed, and altitude. Over the coming weeks and months, Globe Staff will detail additional applications and developments of its groundbreaking technology in cardio-monitoring as well as in elder care, child safety, and law enforcement.
SIM TRACE V4X ACCEL
This device is able to detect and analyze 3-D movements with our new 3-axes(X, Y, Z)-integrated accelerometer. Through the device, we can detect, for example, the existence of a person's bodily movement and breathing rate. Limited or no movement or breathing can automatically cause the device to send appropriate data to the control center equipped with devices such as a laptop computer, server, cell phone or PDA. The type of data to be collected and transmitted may include the following: acceleration, shock intensity, map localization, GPS/GSM/goniometric, temperature, heart rate, etc. The next version will integrate a miniaturized camera.
Tag and Track
The "Tag and Track" system will provide a flexible, rapidly deployable assisted-GPS/GSM location-based service including an innovative integrated RFID technology that enables a wide array of customizable applications. The technology locates and/or tracks vehicles, objects, assets or people. Our customers will deploy a portable receiver or reader devices network, whether inside or outside a building, which will be used to pick up the signal transmitted by our "Tag and Track" Tracker with its integrated RFID Tag. The device is about the size of a cell phone. This system was originally conceived/developed on a Special Police Forces request from the French Ministry of the Interior. RFID chips don't have their own energy source; they are passive. They emit a signal when specific frequencies of radio energy are used to "paint" them. RFIDs contain tiny antennas that receive the RF energy and then re-radiate their encoded information. The Company's RFID chip will be a miniaturized, implantable radio frequency identification device that has the potential to be used in a variety of security, financial, and other applications. It is smaller than a grain of rice; the encoded information is captured by briefly passing a proprietary scanner or passing through any receivers.
About Sure Trace Security Corporation
Sure Trace produces integrators for anti-counterfeiting and security surveillance applications and is a provider of integrated tracking devices. True Product ID Inc. (OTC Bulletin Board: TPDI), a former subsidiary of SSTY, via a license from Sure Trace Security Corporation (OTC: SSTY), delivers turnkey solutions for governments, armed forces, and industry, through proprietary technology and through aggregating the technology, products, and services of third parties via licensing agreements and/or joint ventures. For more information go to: http://www.suretrace.com and to http://www.gsc.fr/corp/.
SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance or perform as intended, that we may be unable to obtain necessary financing to continue operations and development, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof and Sure Trace undertakes no obligation to update such statements. In August 2005, the common stock of Sure Trace was suspended from trading by the Securities and Exchange Commission, but the suspension ended in accordance with the securities laws after ten days. Management of Sure Trace is currently working with the broker-dealer community and regulators to permit quotations to be entered as soon as possible. More information will be provided to the public when circumstances warrant.
SOURCE Sure Trace Security Corporation
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Michael Cimino President Sure Trace Security Corporation +1-215-972-6999 michaelc*suretrace.com
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ALLN (.53) Receives Microsoft Eastern Region Partner of the Year Award Award Tops an Impressive List of Quarterly Awards Jul 13, 2006 1:55:00 PM
PITTSBURGH, July 13 /PRNewswire-FirstCall/ -- Allin Corporation (OTC Bulletin Board: ALLN), a Microsoft Gold Certified technology consulting firm, has been awarded the prestigious Microsoft Eastern Region Partner of the Year Award. The award was presented to Allin at Microsoft's world wide partner conference in Boston, Massachusetts on July 11th. Allin was recognized as Microsoft's top all-around partner in the region over Microsoft's past fiscal year. Microsoft's Eastern Region covers relationships with all of its partners from Florida to Maine.
The award was garnered through Allin's Pittsburgh office, which had previously been awarded the Greater Pennsylvania District Area Award in recognition of its outstanding achievement as a Microsoft partner. In addition, Allin's Northern California office has also been a recipient of the Western Region Microsoft Partner of the Year award for "Winning on Value." Allin's Northern California office has also received quarterly Partner Excellence awards for "Marketing Effectiveness," "Competencies and Best Practices" and again for "Winning on Value."
"We are proud to have been recognized by Microsoft at such a high level," stated Rich Talarico, Allin's CEO. "To have been selected from the many Microsoft partners in the Eastern Region for this award is a testament to the consistently outstanding efforts of our team. The most satisfying thing to me in receiving this outstanding honor is that it recognizes what I have known for a long time; the staff at Allin is the best among the best."
Tim O'Shea, managing director of Allin's Pittsburgh office accepted the Partner of the Year award for his staff. He commented, "Although I personally accepted this award on behalf of Allin, it would have been more appropriate if my entire staff could have been there with me. This honor is a result of their dedication and hard work. Our staff has continually pushed itself to deeply understand Microsoft's technologies and strategies to ensure we can deliver the best possible solutions for our clients. I commend them and thank them for their extraordinary efforts."
Mark Cabot, managing director of Allin's Northern California operations added, "Microsoft's recognition of Allin's capabilities and value added services further differentiates Allin in a crowded Microsoft partner landscape. There are many Microsoft partners in the Eastern region, but only one can earn the distinction as Microsoft's Partner of the Year. It is a tremendous achievement and I would like to congratulate the Pittsburgh office."
About Allin Corporation
Allin Corporation is a leading provider of solutions-oriented application development and technology infrastructure consulting and systems integration services. Allin specializes in Microsoft-based technologies and interactive media with operations centered on four practice areas: Technology Infrastructure, Collaborative Solutions, Business Process and Interactive Media. Allin leverages its experience in these areas to work with clients through a disciplined project delivery framework to ensure that solutions are delivered on time and on budget. Allin delivers these services through the trade names Allin Consulting, Allin Interactive and the CodeLab Technology Group. The Company maintains offices in Pittsburgh, Pennsylvania; Ft. Lauderdale, Florida; Wakefield, Massachusetts; and San Jose and Walnut Creek, California. For additional information about Allin, visit the Company's Internet sites on the World Wide Web at http://www.allin.com and http://www.codelabtech.com/.
SOURCE Allin Corporation
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Dean C. Praskach Chief Financial Officer of Allin Corporation +1-412-928-2022 or +1-412-928-0225 or Dean.Praskach*allin.com
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HATTIESBURG, MS -- (MARKET WIRE) -- 07/13/06 -- Bio-Solutions Manufacturing, Inc. (OTCBB: BSLM) (Frankfurt: B2T.F) today announced its commencement of its new bio-diesel venture by combining the recently acquired Bio-Extraction Services, Inc., (provider of the technology for extracting oil and grease from food service facilities' grease traps (interceptors) and municipal collection systems), with the proposed acquisition of Bioremediation Services, Inc. and its growing network of franchisees.
Franchisees' earnings in the past have been derived from services they provided to food service facilities for treatment of grease traps and drain lines and municipal sewer mains, lift stations, and treatment plants. The oil and grease waste derived from the commercial cooking establishments is divided into two categories: yellow and brown grease. There is typically twice as much brown grease per restaurant as yellow grease, and BSLM technology can handle both types.
It is intended that all existing franchisees will be required to upgrade their franchise agreement in order to participate in the Bio-Extractor program. With the addition of the Bio-Extractor, each grease trap and lift station can become a small individual oil well, with the potential to increase revenue to the franchisee and the Corporation with relatively little add-on costs. Bio Solutions intends to revamp its franchise agreement for all new franchisees allowing them to participate in this new bio-diesel feed stock extraction venture and this represents a significant potential increase in revenues for both Bio Solutions and its network of franchisees.
According to Michael Silverman, President of Bioremediation Services, Inc., "This represents a major opportunity for Bio Solutions -- one that we believe can increase corporate and franchise revenues. The BioExtractor opens the door for franchisees to own and operate their own individual oil wells, extracting the oils and grease from food service facilities and municipal treatment facilities that can be used to produce bio-diesel and other value-added products. This is a great opportunity and I look forward to the expansion of our company in this field."
According to U.S. government statistics, the combined potential in the United States for bio-diesel production is in excess of 1,650,000,000 (1.65 billion) gallons per year and growing rapidly. This production is potentially of major significance in accordance with President Bush's plan to combat high gas prices. Bio-Solutions believes it can produce bio-diesel for less than $1.00 per gallon and is also entitled to receive a .50 per gallon tax credit for the refiner, according to President Bush's Four Part Plan Program. See fact sheet at www.whitehouse.gov/news/releases/2006/04/20060425-2.html. BSLM, with its technology for extracting oil and grease (feed stock for bio-diesel), is seeking to become a major player in this industry. David S. Bennett, President and CEO of BSLM, states: "Our corporation is striving to fulfill its mission to help combat the destructive agents that pollute and harm our environment, in addition to helping America lower its dependence on foreign oil."
Bio Solutions corporate office anticipates hosting a major training session for new franchisees and recruits in September 2006.
About Bio Solutions Manufacturing, Inc.:
Bio Solutions has developed superior microbiological products for waste bioremediation. Bio Solutions currently services many municipal collection systems and a growing number of food service facilities in the United States. The company's products have been approved by an ever-growing number of municipalities for use in food service facilities that produce waste products introduced into the municipal collection systems. Bio-Solutions' products treat waste in an environmentally friendly and safe manner in compliance with Federal and State government standards.
Bio Solutions has also developed a line of environmentally friendly cleaning products that include an all purpose cleaner, carpet cleaners, concrete and asphalt cleaners, and floor soaps. With these lines of products, it is enabling Bio Solutions to broaden its customer base to residential areas as well as to businesses and municipalities.
Bio Solutions has acquired a unique patented grease extractor to be used in conjunction with bioremediation solutions to extract desired oil and grease to be converted into value-added products.
Safe Harbor for Forward-Looking Statements:
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.
For More Information, Please Contact: Patricia Spreitzer 702-222-4781
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IDWD (.85)Updates Homeland Security Worldwide (HLS) Offer to Acquire IDS Common Shares HLS to Submit Formal Written Offer by July 20, 2006 Jul 13, 2006 2:28:00 PM
ORLANDO, FL -- (MARKET WIRE) -- 07/13/06 -- IDS Worldwide, Inc. (PINKSHEETS: IDWD) reported that it had concluded meetings with the executives of HLS today and HLS executives will be returning to Dubai this weekend. HLS has informed IDS that upon their return to their headquarters on Monday they would have their advisors immediately draft a formal written offer to acquire the outstanding shares of IDS common stock for $2.35 per share. HLS purchases in the open market from the public float and limited purchases from restricted stock of insiders will allow HLS to achieve majority control.
IDS feels that when consummated the $2.35 per share will benefit the majority of the public stockholders. The buyout will not include the 995ad.com division which will have its own registration.
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. If accepted, its offer for IDS common stock will not involve stock but would be an all-cash purchase offer.
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 till closing.
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.
For further information contact: IDS Worldwide, Inc. info*ids-worldwide.com
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Calypte Receives African Order for Aware(TM) HIV-1/2 Oral Fluid Rapid Tests
Jul 13, 2006 2:32:00 PM
LAKE OSWEGO, Ore., July 13, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Calypte Biomedical Corporation (Amex: HIV) (the "Company"), medical diagnostic tests manufacturer for the professional point of care (PRO) and over the counter (OTC) segments of the market for the detection of antibodies to the human immunodeficiency virus (HIV), announced today that it has received an initial order for 35,500 units of its Aware(TM) HIV-1/2 oral fluid rapid test. This initial order has been placed through Gennaria Comercio International Lda on behalf of MineSeeker Foundation and will be sold through Calypte's exclusive distributors in Africa once final destinations are known. Calypte currently has approval to sell its rapid oral fluid test in South Africa and Kenya. Based on Calypte's communications with MineSeeker, this is the first firm order of a series of orders totaling 1.0 million tests that MineSeeker intends placing with Calypte over the next 12 months.
Gennaria represents several humanitarian organizations, including MineSeeker, which plans to launch a large-scale HIV testing initiative in Africa beginning this September.
Nelson Mandela said: "As a patron of MineSeeker, I totally support the AIDS test initiative. The tests will remove the fear of many people who believe they may be infected and who are nervous about blood testing. Fear is a terrible affliction, whether it is the fear of treading on a mine or the fear not knowing if you are HIV positive."
Roger I. Gale, Calypte's Chairman and Chief Executive Officer commented, "We have long believed we have been developing an effective solution in the battle against HIV/AIDS with a non-invasive rapid diagnostic test. Now that we are receiving approvals in HIV-stricken areas in Sub-Saharan Africa, we are targeting humanitarian organizations that want to make significant contributions in the fight against AIDS."
Mr. Mike Kendrick, founder of MineSeeker, stated, "The intended first order of 1 million tests is part of a larger MineSeeker initiative to deliver 5 million HIV oral fluid rapid tests to Africa. The purchase of the initial 1 million Aware(TM) HIV-1/2 oral swab rapid tests will be donated to NGOs for distribution in the field or sold, at cost."
Mr. Kendrick continued, "While the primary objective of MineSeeker is the eradication of land mines, we are also committed to the regeneration of the local communities. Without that, the clearance of mines is only part of the answer. Land will be returned to the people to grow food and a foster management program installed to help re-establish themselves. This will mean growing good quality crops that will lift the natural immunity system -- particularly helping AIDS sufferers. The introduction of the Aware(TM) product will help re-build the confidence of these communities."
About MineSeeker Foundation:
The MineSeeker Foundation (www.mineseeker.com) is primarily involved with the removal of land mines. The foundation has a new initiative, the 'Sole of Africa' initiative, which includes returning mine free land back to agriculture and an educational and empowerment program that trains local people to farm and vocational training for people unable to find work, including land mine and AIDS victims.
The MineSeeker Foundation Patrons include Nelson Mandela, Sir Richard Branson, Queen Noor of Jordon, Graca Machel, John Paul Dejoria and Brad Pitt. The Foundation is supported by other leading NGOs including 'Feed the Children', The International Youth Foundation and The Salvation Army.
About Calypte Biomedical:
Calypte Biomedical Corporation (www.calypte.com) is a U.S.-based healthcare company focused on the development and commercialization of diagnostic testing products for the detection of sexually transmitted diseases such as the HIV-1 BED Incidence EIA and new diagnostic test products for the rapid detection of HIV and other sexually transmitted diseases, several of which do not require blood samples. Calypte believes there is a significant need for rapid detection of such diseases globally to control their proliferation, particularly in developing countries, which lack the medical infrastructure to support laboratory-based testing. Calypte believes that testing for HIV and other sexually transmitted infectious diseases may make important contributions to public health, and could increase the likelihood of treating those with undetected HIV and other sexually transmitted diseases.
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, the Company's ability to obtain additional financing, if and as needed, and access funds from its existing financing arrangements that will allow it to continue its current and future operations and whether demand for its test products in domestic and international markets will generate sufficient revenues to achieve positive cash flow and profitability. 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. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-KSB for the year ended December 31, 2005 and its subsequent filings with the SEC.
Company Contact: Theodore R Gwin, Chief Financial Officer (971) 204-0282 email:tgwin*calypte.com Investor Relations Contact: Tim Clemensen, Rubenstein Investor Relations Phone: (212) 843-9337 email:tclemensen*rubensteinir.com SOURCE Calypte Biomedical
Company, Theodore R Gwin, Chief Financial Officer, +1-971-204-0282, tgwin*calypte.com; Investor Relations, Tim Clemensen, Rubenstein Investor Relations, +1-212-843-9337, tclemensen*rubensteinir.com
Sparta Commercial Services Announces Dramatic Increases in YTD Results NEW YORK, NY -- (MARKET WIRE) -- July 13, 2006 -- Sparta Commercial Services, Inc. (OTCBB: SRCO), the New York-based financial services company dedicated exclusively to the powersports industry, today announced a dramatic increase in performance for the four months ending June 30, 2006, over the same period in 2005.
"We had an increase of 1,548% in the volume of actual fundings during the four month period ending June 30, 2006, over the same period in 2005," said Anthony Havens, chief executive officer of Sparta Commercial Services. "We are extremely pleased about these results. If our fundings continue to increase at the current rate, we will exceed our internal projections for the fiscal year ending April 30, 2007," said Havens. "Our current performance confirms our ability to generate an increasing volume of business from our existing dealer base, while increasing the number of registered Sparta dealers. At June 30, 2006 our base of registered dealers had increased by 354% over June 2005," Havens continued.
The company recently announced that it entered into an agreement with netLoan Funding, LLC, a provider of consumer and commercial finance options and lender management services for Internet auction and sale sites. The agreement directs users who successfully bid on or purchase specified powersports vehicles and wish to lease or finance those vehicles, to do so by being routed by netLoan Funding to a dedicated portal on the Sparta Web site, www.spartacommercial.com. Once there, the users will be able to complete online credit applications, be immediately approved or declined by our industry acclaimed, proprietary, web-based, credit application processing system, iPLUS™, and, if approved, conclude the process within minutes. "We expect to be fully operational with this program by the first of August," said Havens.
"We are proud that our innovations in the powersports financing marketplace are well-timed and well-received, and that our earlier expectation about the inevitable growth in this market segment is proving somewhat prophetic, particularly since the price of gasoline has recently resulted in a significant increase in consumer demand for scooters," said Havens. "Further, our anticipation of the growth in the motorcycle rental market has been validated, and the reception of our Lease-to-Rent program -- which saves rental operators considerable capital and gives them a number of advantages over purchasing the same vehicles -- has been better than projected." Sparta estimates that the potential market for its Lease-to-Rent program exceeds one hundred rental operators, with the largest franchiser projecting the acquisition of 2,000 vehicles in 2006.
About Sparta Commercial Services:
Sparta Commercial Services, Inc. (www.spartacommercial.com) is an Internet-based acceptance (sales finance) and leasing company dedicated exclusively to the powersports industry, concentrating on motorcycles over 600cc, 4-stroke all-terrain vehicles, and select scooters through private label programs for manufacturers' distributors. Sparta provides a full line of financing solutions including indirect retail installment sales contracts and direct closed-end leases, as well as related services including GAP coverage and vehicle service contracts.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are valid only as of today, and we disclaim any obligation to update this information. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to potential future losses, amount of, obtaining and satisfying terms of credit lines, competition, financing and commercial agreements and strategic alliances, seasonality, potential fluctuations in operating results and rate of growth, management of potential growth, system interruption, consumer and industry trends, limited operating history, and government regulation. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.
NEW YORK, NY -- (MARKET WIRE) -- 07/13/06 -- Sparta Commercial Services, Inc. (OTCBB: SRCO), the New York-based financial services company dedicated exclusively to the powersports industry, today announced a dramatic increase in performance for the four months ending June 30, 2006, over the same period in 2005.
"We had an increase of 1,548% in the volume of actual fundings during the four month period ending June 30, 2006, over the same period in 2005," said Anthony Havens, chief executive officer of Sparta Commercial Services. "We are extremely pleased about these results. If our fundings continue to increase at the current rate, we will exceed our internal projections for the fiscal year ending April 30, 2007," said Havens. "Our current performance confirms our ability to generate an increasing volume of business from our existing dealer base, while increasing the number of registered Sparta dealers. At June 30, 2006 our base of registered dealers had increased by 354% over June 2005," Havens continued.
The company recently announced that it entered into an agreement with netLoan Funding, LLC, a provider of consumer and commercial finance options and lender management services for Internet auction and sale sites. The agreement directs users who successfully bid on or purchase specified powersports vehicles and wish to lease or finance those vehicles, to do so by being routed by netLoan Funding to a dedicated portal on the Sparta Web site, www.spartacommercial.com. Once there, the users will be able to complete online credit applications, be immediately approved or declined by our industry acclaimed, proprietary, web-based, credit application processing system, iPLUS(TM), and, if approved, conclude the process within minutes. "We expect to be fully operational with this program by the first of August," said Havens.
"We are proud that our innovations in the powersports financing marketplace are well-timed and well-received, and that our earlier expectation about the inevitable growth in this market segment is proving somewhat prophetic, particularly since the price of gasoline has recently resulted in a significant increase in consumer demand for scooters," said Havens. "Further, our anticipation of the growth in the motorcycle rental market has been validated, and the reception of our Lease-to-Rent program -- which saves rental operators considerable capital and gives them a number of advantages over purchasing the same vehicles -- has been better than projected." Sparta estimates that the potential market for its Lease-to-Rent program exceeds one hundred rental operators, with the largest franchiser projecting the acquisition of 2,000 vehicles in 2006.
About Sparta Commercial Services:
Sparta Commercial Services, Inc. (www.spartacommercial.com) is an Internet-based acceptance (sales finance) and leasing company dedicated exclusively to the powersports industry, concentrating on motorcycles over 600cc, 4-stroke all-terrain vehicles, and select scooters through private label programs for manufacturers' distributors. Sparta provides a full line of financing solutions including indirect retail installment sales contracts and direct closed-end leases, as well as related services including GAP coverage and vehicle service contracts.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are valid only as of today, and we disclaim any obligation to update this information. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to potential future losses, amount of, obtaining and satisfying terms of credit lines, competition, financing and commercial agreements and strategic alliances, seasonality, potential fluctuations in operating results and rate of growth, management of potential growth, system interruption, consumer and industry trends, limited operating history, and government regulation. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.
Contact: A.L. Havens CEO Sparta Commercial Services, Inc. (212) 239-2666 alhavens*spartacommercial.com
-------------------- The difference between genius and stupidity is that genius has its limits
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