posted
GZFX (.0051)and ClickCaster to Deliver Next Generation of Video on Demand Alliance Will Enable User Driven Social Networks With Exclusive Access to Video and Audio Content via ClickCaster's Podcasting Platform Jul 14, 2006 4:15:00 PM
BOULDER, CO and FRANKLIN, KY -- (MARKET WIRE) -- 07/14/06 -- GameZnFlix (OTCBB: GZFX) and ClickCaster today announce a cooperative agreement to provide access to video and audio content via podcasts, web streaming and direct downloads.
By leveraging ClickCaster's media distribution platform, GameZnFlix plans to offer customers the option to view content on their terms, when they want, where ever they want, including iPods, MP3 players, PCs or via direct mail. With thousands of premier video and audio book titles to choose from, consumers are only a click away from accessing GNF content on demand.
"We're excited about our partnership with ClickCaster and the opportunity to not only extend the reach of our recently launched GnF Entertainment channel via podcasts, but also deliver on our goal of providing movies and games through on-demand and other media," notes John Fleming, GaneZnFlix CEO.
In addition to managing content via ClickCaster's integrated web-based podcatcher, ClickCaster will also provide podcast advertising and social networking capabilities to GameZnFlix's growing gaming community.
"On-demand access to exclusive content is just the beginning of what's possible as podcasting and social network technologies and collaboration between communities collide," says Scott Converse, CEO of ClickCaster. "Our agreement will provide more ways for extreme gamers and movie buffs to connect with other users and create new video and audio podcasts."
Both companies expect to have the new service options available within the next few months. Content will be made available via ClickCaster's podcast directory at www.clickcaster.com as well as via the GnF Network page at www.gameznflix.com.
About ClickCaster
Clickcaster is a provider of podcasting solutions for both businesses and consumers alike. We make it easy for anyone to create and publish audio podcasts as well as listen and subscribe to other podcasts from around the web. For more information about ClickCaster and PodCasting, please visit our website at:www.clickcaster.com.
About GameZnFlix
GameZnFlix is a company that offers video games/DVD movies for rental or purchase on the Internet with access to over 40,000 game and movie titles. With different membership levels beginning at $8.99 a month, subscribers can rent a combination of both video games and/or DVD movies with no late fees or due dates or members can purchase video games, DVD movie titles, books and audio books at a membership discount.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
PR Contact
Pete Davis Clickcaster Phone: 407-733-9266 Email: peter*clickcaster.com
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
SSVG (.042) Reports Profitable Results for First Six Months of Fiscal 2006 Ending March 31st 2006 Jul 14, 2006 3:55:00 PM 2006 PrimeZone Media Network
MANALAPAN, N.J., July 14, 2006 (PRIMEZONE) -- Stratus Services Group, Inc. (OTCBB:SSVG), the SMARTSolutions(tm) Company (the "Company" or "Stratus"), a leading provider of technology staffing and technology productivity consulting, today reported that the Company was able to show a net profit for its first 6 months of fiscal 2006 due to its first quarter asset sale. The Company previously reported that they completed the necessary "trailing" effects of this process and began focusing on its new core business in IT Staffing. The profit was mostly attributed to the Company's discontinued operations; however, the Company reported that its March 31st ending quarter saw a significant reduction in its operational losses, which the Company believes will in turn lead to a net break even in profits from continued operations by the end of its June 30th quarter. Joseph J. Raymond, CEO commented, "Clearly we have turned the corner as far as operational profitability goes, although those results have not yet been impacted on our financial numbers through March 31st. We believe the results of the June ending quarter will validate our new business model. It still remains imperative that we continue working with our creditors so that the Company has ample time to get healthy once again."
The Company intends on updating its investors on their June ending quarter within the next several weeks.
About Stratus Services Group, Inc.
Stratus provides a broad range of information technology staffing and project consulting through its joint venture with Stratus Technology Services, LLC.
The statements which are not historical facts contained in this press release are forward-looking statements that involve certain known and unknown risks and uncertainties, including but not limited to, changes in the market for Internet or distribution services, regulatory and technological changes, economic factors, increased competition, foreign currency devaluation, foreign market risk, and the nature of supplier of customer arrangements which become available to the Company in the future. The Company's actual results may differ materially from the results discussed in or implied by any forward-looking statement. The words intend, expect, should, project, anticipate, and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made.
CONTACT: Stratus Services Group, Inc. Michael A. Maltzman, Executive VP and CFO (732) 866-0300 Fax: (732) 866-6676
Value Capital Partners Charles Cocuzza or Mike Santini (480) 951-3402
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
UDTT (.028) Develops Response Plans and Procedures for a Positive BSM-2000 Alarm Jul 14, 2006 4:00:00 PM
LOS ANGELES, July 14 /PRNewswire-FirstCall/ -- Universal Detection Technology (OTC Bulletin Board: UDTT; FWB: P08) (www.udetection.com), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats, announced today that it has drafted a complete response plan for a potential positive alarm by BSM-2000. The plan details the procedures that UDTT's customers will need to take into consideration in the event of a positive anthrax alarm. It also allocates responsibilities to various on-site and off-site security staff members and members of the management team of the premises where BSM-2000 is installed.
"The completion of the response plan is a milestone in our efforts to provide a comprehensive set of services to our customers with regards to early detection of a bio-terror attack. It allows us to educate our customers in not only installing and maintaining BSM-2000 but also effectively handling a positive alarm," says Nima Montazeri, UDTT's VP of Strategic Development. "Today we heard about investigation by NY Times on an envelope with white powder received by the agency. Our protocols will help outline procedures for dealing with unfortunate situations like this," he added.
The response plan shall also be discussed during UDTT's orientation sessions aimed at training the management and the security staff of the adopters of BSM-2000.
About Universal Detection Technology
Universal Detection Technology (UDTT), founded in 1973, is a developer of monitoring technologies, including bio-terrorism detection devices. Universal Detection Technology, in cooperation with NASA's Jet Propulsion Laboratory (JPL) has developed the BSM-2000, a bacterial spore and anthrax spore monitoring device, which combines JPL's spore detection technology with UDTT's aerosol capture device. For more information, please visit www.udetection.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties include, among other things, the funding of amounts of capital adequate to provide for our working capital needs and our timely repayment of debt; our ability to timely and cost effectively complete the development and testing of our products; our ability to commercially produce our products on a profitable basis; commercial acceptance of our products; product price volatility; product demand; market competition and general economic conditions and; other factors described in UDTT's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations. Contact:
SOURCE Universal Detection Technology
----------------------------------------------
Jacques Tizabi of Universal Detection Technology +1-310-248-3655 jtizabi*udetection.com; or Andrew Hellman of CEOcast Inc. +1-212-732-4300 for Universal Detection Technology
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
Quantech Successfully Launches New Product Line for Online Gaming Applications Jul 14, 2006 4:05:00 PM 2006 PrimeZone Media Network
LONDON, July 14, 2006 (PRIMEZONE) -- Quantech Electronics Corp. (Pink Sheets:QTCE), software developer for marketing communications, announced today Quantech's successful launch of its new product line focusing on technological developments for the online gaming industry.
Quantech, developer of cutting-edge web-based communication technologies, has decided to leverage its experience in the development of technologies and tools specifically tailored to the marketing needs of online gaming websites. Quantech developed technologies and software packages that enhance the effectiveness of web-based marketing, and will offer web-based marketing services to its clients.
The online gaming market is one of the fastest growing global web-based markets, driven by higher PC penetration, increased adoption of broadband Internet, and the increased usage of video game consoles online. Gaming has become a mass-market entertainment industry on a par with TV, movies and music as consumers begin to view gaming sites as one-stop-shop entertainment platforms. Market research from Jupiter (www.jupiter.com) predicts the online gaming market will be worth $2.55 billion in 2006, reflecting an exciting growth rate. Of all gaming activities, online gambling sites attract a record number of players. As broadband internet access and disposable income rise globally, this market is expected to constantly develop and broaden its appeal to a growing range of customers.
The U.S. is the world's biggest gaming market with 30 million monthly visitors. Germany is Europe's biggest market with 6 million, while Spain and Italy tripled their audiences over the last year. Currently 15% of European online consumers and 46% of U.S. online consumers play web-based games. In the next two years Forrester (www.forrester.com) predicts that another 4% of households will have taken up gaming in both the U.S. and Europe. Analysts at market research firm DFC Intelligence (www.dfcint.com) have issued a new 750-page report, The Online Game Market, forecasting that the worldwide online game market will grow to more than $13 billion in 2011.
"The online gaming market is one of the most exciting web-based markets today. Quantech will use its expertise in innovative consumer behavioral modeling and motivation systems to design specific technologies for the online gaming market, to help gaming websites design the most effective game variables and capture potential users. To this end, Quantech is in the advanced stages of forming a strategic alliance with one of the world's largest online gaming companies in the world and we expect to release information to the public on significant progress in the near future," notes Liat Matislsky, CEO of Quantech.
About Quantech
Quantech Electronics Corp. is a web-based software development company based in the U.K. Quantech Electronics Corp. develops powerful, easy-to-use software that enhances the effectiveness and efficiency of its customers' online and offline businesses. Driven to provide comprehensive solution packages for their clients' entire online business needs, Quantech focuses on customized developments for medium to large businesses, as well as start-ups. Offering several unique technologies and forged notable strategic alliances, Quantech's rapid-response systems construct client infrastructure at competitive prices. The company's client base includes medium to large sized businesses, as well as start-ups.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
To contact Quantech or access more information, please visit our web site at www.quan-tech.co.uk
eNucleus Announces Executive Management Changes CHICAGO, July 14, 2006 (PRIMEZONE) -- eNucleus, Inc. (Pink Sheets:ENUI), the Chicago-based software and business process outsourcing services company, today announced that Al Case has been elected chairman of the board of directors and an executive officer of the company, effective July 12, 2006. Case has over 30 years of experience in the software industry, in a variety of positions ranging from director of management information systems for Ryder System, Inc. (NYSE:R) to division president of Gartner, Inc. (NYSE:IT, IT-B), the world's largest information technology research and advisory firm. Case has been a member of the board of directors of eNucleus since June 2005, and has worked closely with president and chief executive officer Randy Edgerton on a variety of marketing and corporate communications projects. Since 2003, when he left Gartner, Case has been an independent management consultant working with a variety of start-up and turnaround business operations. Case is a former advisory board member to Sky Capital Holdings, Inc. (SKY.L), a Wall Street-based broker dealer, and serves on the board of directors of Turbodyne Technologies, Inc. (TRBD.OB) as well as several private companies including Turnpike Software, LLC and TechSpend, LLC.
At the same time, eNucleus founders, Messrs. Dhru Desai and John Paulsen resigned as officers and directors of the company. Mr. Paulsen had discussed, with the board, the possibility of retiring from the eNucleus board for some time to spend more time on his other projects. Mr. Desai commented, "My partner John and I have used our expertise to build a solid portfolio of products and services for eNucleus, through acquisition. Now it is time to switch the focus from acquisition to operation mode. As significant shareholders in the company, we are both pleased that Al Case, who has been a very active board member, has agreed to assume the role of executive chairman and devote his full-time expertise to eNucleus. Having brought in a very qualified board of directors, we feel that our investment is in good hands. This gives John and me, the ability to focus our merger and acquisition strategies on other projects."
Randy Edgerton, president and chief executive officer said, "It has been a great experience working with John and Dhru. As we move into this next phase of our business, we all feel confident that Al Case and our board members can contribute tremendously to the continued growth of eNucleus."
About eNucleus
eNucleus provides business process solutions that enable any organization to increase productivity and reduce costs through its suite of "off the shelf" Internet-based software products and services. The Company's business software and service applications are installed in 22 countries on five continents, in multiple languages, touching over 250,000 lives. For more information on eNucleus solutions, go to www.enucleus.com.
Forward-Looking Statements
The information contained in this press release, including any "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 contained herein, should be reviewed in conjunction with the Company's annual report, financial filings and other publicly available information regarding the Company, copies of which are available from the Company upon request as well as with its periodic SEC filings. Such publicly available information sets forth many risks and uncertainties related to the Company's business and such statements, including risks and uncertainties related to that are unpredictable and outside of the influence and/or control of the Company.
Visiphor Completes Convertible Debenture Financing Visiphor Corporation ("Visiphor" or the "Corporation") (OTCBB: VISRF) (TSX-V: VIS) (XETRA: IGYA) is pleased to announce today that it has completed a private placement (the "Offering") to Quorum Secured Equity Trust ("Quorum") of an 8% convertible secured debenture in the principal amount of $1,600,000 maturing on December 15, 2009, convertible, subject to certain adjustments, at the price of $0.45 per common share, and of a performance warrant (the "Warrant") to purchase up to 2,350,000 common shares in the capital of the Corporation at a price of CAN$0.30 per common share. The Warrant is only exercisable in the event that the 30 day weighted average trading price of the Corporation's common shares has not exceeded $0.45 in at least one 30 day trading period on or before July 14, 2008. The Warrant is exercisable at any time after July 13, 2008 and prior to 4:30 p.m. (Toronto time) on December 15, 2009, provided that the above event has not occurred. The common shares underlying the Offering will have a four month hold period that expires on November 13, 2006. Under the terms of the agreement Quorum will be appointing a nominee to the Visiphor Board of Directors.
"This represents the balance of the financing sought in November 2005," said Roy Trivett, President and CEO of Visiphor. "We are very pleased that the conversion into equity is at the same price as the units issued in the November financing." The proceeds of the Offering will be used to provide general working capital to finance the expansion of the Company's business and to retire $500,000 in demand loans that the Company currently has outstanding.
In connection with the Offering, Mr. Roy Trivett and Mr. Keith Kretschmer, directors and officers of the Corporation, have agreed to postpone and subordinate outstanding bridge loans to the Corporation in the amounts of $85,000 and US$400,000, respectively, in favour of Quorum. As consideration, the Corporation will issue a promissory note secured by a charge over the accounts receivable of the Company to each of Mr. Trivett and Mr. Kretschmer and the interest rate of such notes will be 12%.
The securities will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act"), and may not be offered or sold within the United States or to, or for the account or benefit of, "US persons," as such term is defined in regulation S promulgated under the Securities Act, except in certain transactions exempt from the registration requirements of the US Securities Act.
This news release shall not constitute an offer to sell or an offer to buy the securities in any jurisdiction.
About Visiphor
Visiphor software products and services deliver practical, rapidly deployable solutions that integrate business processes and databases. The Company's solutions focus on disparate process and data management problems that exist in government, law enforcement, security, health care and financial services. Using industry standard Web Services and Service Oriented Architecture ("SOA"), Visiphor delivers a secure and economical approach to true, real-time application interoperability.
The Company's flagship product, referred to as the Briyante Integration Environment ("BIE"), has a production-proven ability to reduce the time, complexity, and risk associated with defining, implementing, and supporting integrated access to physically and technologically disparate computers and datasets. The broad ranging applicability of BIE into a variety of areas (e.g. health care, financial services, government services, telecommunications, etc.) has been clearly demonstrated by highly successful deployments in the United States and Canada. Visiphor systems are utilized in Canada, the United Kingdom, United States, Mexico and the Far East. The Company is a Microsoft Gold Certified Partner. For information about Visiphor or the Company's products and services, please visit www.visiphor.com.
About Quorum
The Quorum Group of Companies was founded in 1987 under the leadership of Wanda Dorosz, the current CEO and Managing Partner. It operates from its headquarters in Toronto with subsidiary offices in Bermuda and London, UK. Since 1987, Quorum has successfully invested over $350 million on behalf of institutions and high net worth individuals in growth capital. Quorum Secured Equity Trust is Canada's first dedicated pool for undervalued publicly-traded Canadian companies. www.quorum.ca
ON BEHALF OF THE BOARD OF DIRECTORS "Roy Trivett" President and CEO, Visiphor Corporation
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Forward Looking Statements: This press release may contain statements that constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. In some cases you can identify forward-looking statements by the use of words such as "may," "will," "should," "could," "expect," "plan," "estimate," "predict," "potential," continue," "believe," "anticipate," "intend," "expect," or the negative or other variations of these words, or other comparable words or phrases. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include the risks and uncertainties described in Visiphor Corporation's Form 10-KSB filed with the United States Securities and Exchange Commission. Although the Company believes that expectations reflected in its forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance, achievements or other future events. Moreover, neither the Company nor anyone else assumes responsibility for the accuracy and completeness of these forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
posted
LoL, J_U_ICE, Man, You're on another level, you probably read every Press Release..except on your days off. I learned from you're example and do the same. I wish you nothing but Prosperity...and not just financialy.
-------------------- Insanity: doing the same thing over and over again and expecting different results
IP: Logged |
NEW YORK, Jul 14, 2006 (BUSINESS WIRE) -- IGIA, INC., (OTC: IGAI.OB), a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items, announced today that its Instant Cover(TM, Trade) product is now available on Amazon.com. In addition, IGIA announced plans for the British home shopping channel, Ideal World, to air live demonstrations and infomercials featuring Instant Cover(TM) on UK television channels. IGIA manufacturers and sells its proprietary Instant Cover cosmetic product to licensed direct marketers worldwide.
Company CEO, Avi Sivan, reported in discussions with trade sources that, "It's safe to come out now, we've got you covered! Instant Cover 'magically' covers any blemish - acne, age spots, birthmarks, blotches, dark eye circles, varicose veins, and more - like products Hollywood makeup artists use that cost far more. We created a dramatic presentation that shows the universal appeal of Instant Cover. By working with licensed direct marketers like our UK partner, we are looking to aggressively penetrate the European market, which had sales of $75 billion in 2005 according to an estimate of cosmetics, toiletries and perfumery sales made by COLIPA, the European Trade Association representing the cosmetics industry. In the past, we successfully marketed IGIA products through QVC and Amazon.com and we are looking forward to duplicating the success with Instant Cover."
About IGIA: IGIA, Inc., through its wholly-owned subsidiaries, is a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items. Its globally recognized portfolio of brands includes IGIA(R) and the registered proprietary As Seen On TV(TM) logo. The IGIA name ranks amongst the most recognizable personal care brands as cited by an industry publication. In addition, IGIA markets and sells products through TV infomercials, mass-market retailers, specialty retailers, catalogs and through http://www.igia.com.
This press release contains forward-looking statements. The words or phrases "may," "intends," "expects," "estimate," "indicate," "plans," "anticipates," "could," "if," "will," "should" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. These risks and uncertainties include: (a) whether IGIA and/or Tactica will obtain additional financing to adequately operate and resolve post-petition administrative expense claims following Tactica's reorganization plan becoming effective on March 28, 2006; (b) whether IGIA will have adequate credit card activity processing capacity and terms with major credit card companies and a credit card processor upon which IGIA's direct response sales operation is dependent; (c) other factors set forth in IGIA's periodic reports and registration statements filed with the Securities and Exchange Commission, which may be reviewed by accessing the SEC's EDGAR system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. IGIA cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, IGIA does not undertake, and IGIA specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
SOURCE: IGIA, INC.
For IGIA, Inc. Paul Greenfield, 212-575-0500 x134 Copyright Business Wire 2006
IP: Logged |
Hudson's Grill Announces the Signing of a New Franchise for Plover, Wisconsin and the Opening of a Hudson's Grill in Oshkosh, Wisconsin DALLAS, July 14, 2006 (PRIMEZONE) -- Hudson's Grill International, Inc. (OTCBB:HGIIA), based in Dallas, Texas, announced today that on July 6, 2006, the company finalized a franchise agreement with Acceleration LLC, a Wisconsin limited liability company, to open a new Hudson's Classic Grill in Plover, Wisconsin. Acceleration LLC, is owned by Bill Hall and Al Klein, who also own nearby franchises in Wausau and Marshfield, Wisconsin.
The restaurant will be newly constructed on property located at 1250 Commerce Place, Plover, Wisconsin. Plover is a village with a population of about 11,000 in central Wisconsin. The restaurant will be a free standing building. Acceleration anticipates opening the new restaurant in November 2006.
Separately, Hudson's Grill International also announced that its new franchise in Oshkosh, Wisconsin, opened for business on July 12, 2006.
Hudson's Grill International is a public company; the company's class A common shares are currently being quoted and traded over the counter on the bulletin board under the NASD symbol HGIIA.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995.
"This press release may contain forward looking statements relating to future events or future financial performance that involve risks and uncertainties. Such statements can be identified by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms or comparable terms. These statement are only predictions and actual results could differ materially from those anticipated in these statements based upon a number of factors including those identified in the Company's filings with the SEC."
CONTACT: Hudson's Grill International, Inc. Robert Fischer (214) 361-7301 getinfo*hudsonsgrill.com 16970 Dallas Parkway Suite 402 Dallas, Texas 75248 1928
Oneida Signs Letter of Intent to Be Acquired by Private Investment Firms Friday July 14, 10:56 am ET
ONEIDA, N.Y., July 14 /PRNewswire-FirstCall/ -- Oneida Ltd. (Pink Sheets: ONEI - News) today announced that it has signed a Letter of Intent to be acquired by an entity to be formed by D. E. Shaw Laminar Portfolios, L.L.C. ("Laminar") and Xerion Capital Partners LLC ("Xerion" and with Laminar the "Buyers"), both current Oneida shareholders. ADVERTISEMENT
Under the terms of the proposed transaction, Laminar and Xerion will pay at least $222.5 million, or an amount sufficient to pay in full the company's secured bank claims plus, among other things, the payment or assumption of all other general unsecured claims. In addition, the Buyers will include an element of consideration for the company's common equity holders in connection with securing their approval of the proposed transaction.
"The proposed agreement with Laminar and Xerion represents a very favorable outcome for Oneida and its stakeholders, including creditors, shareholders, employees, vendors and our valued customers," said Christopher H. Smith, Chairman of Oneida Ltd. "The possible investment by these two widely respected firms acknowledges the substantial progress Oneida has made in transforming its business, which began more than 18 months ago. These firms have had an opportunity to see our operations first-hand as shareholders, and we are pleased that they support Oneida's plan of reorganization. Importantly, their investment would bring stability and a long-term perspective to Oneida's shareholder base."
"This transaction would set the table for Oneida's growth," said James E. Joseph, President of Oneida. "As an 18-year veteran of Oneida, I am proud of what our people have achieved over the past 18 months, and I am truly excited about our future. We are prepared, as I believe few in our industry are, to meet our challenges, strengthen our business and provide exceptional service to customers."
It is currently anticipated that the proposed transaction would be in the form of an offer to purchase 100% of the equity interest of Oneida through a plan funding agreement. Execution of a definitive agreement is subject to, among other things, confirming due diligence by the Buyers, standard regulatory approvals and other conditions, including confirmation of Oneida's plan of reorganization by the Bankruptcy Court. Should Oneida and the Buyers fail to reach a definitive agreement, Oneida would move forward to complete its original recapitalization plan, which is supported by its lenders, in a timely manner.
About Oneida
Incorporated in 1880, Oneida Ltd. is one of the world's largest design, sourcing and distribution companies for stainless steel and silverplated flatware for both the consumer and foodservice industries. It is also the largest supplier of dinnerware to the foodservice industry in North America. Additional information about Oneida can be found at http://www.oneida.com.
Note on Forward-Looking Statements
This press release includes forward-looking information and statements. These statements are based on current expectations, estimates and projections. These expectations, estimates and projections are generally identifiable by statements containing words such as "expects," "believes," "estimates," "targets," "plans" or similar expressions. However, there are many risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this press release. For further information regarding risks and uncertainties associated with Oneida's business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of Oneida's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q.
Source: Oneida Ltd.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
IP: Logged |
SALUDA, VA--(MARKET WIRE)--Jul 14, 2006 -- XcelPlus Global Holdings Inc. (Other OTC:XLPI.PK - News) is pleased to announce that their merger with E4World Corp. (Other OTC:EFWO.PK - News) is now complete. The merger follows the acquisition by XcelPlus of several cutting edge ethanol alternative fuel technologies.
At a recent press conference, Mr. Bill R. Smith, President of XcelPlus stated: "We are positioning XcelPlus to become a dominant force in the expanding ethanol and biodiesel fuel markets. Our next step is to have XcelPlus Global Holdings fully reporting and trading on the OTCBB before the end of the year. Being fully reporting will provide credibility by giving our operations as much transparency as possible."
XcelPlus recently acquired technologies including Flextek flexible-fuel technology and DE 95 Diesenol fuel technology. Flextek flexible-fuel technology allows vehicles to run on gasoline, E85 ethanol, or any combination of the two fuels. Flextek includes conversion systems to convert existing gasoline vehicles into flexible-fuel vehicles, and also factory installed flexible-fuel systems for OEM flex-fuel vehicles. The conversion systems are the ONLY conversion systems on the market which protect internal engine parts from the effects of burning ethanol. Factory installed Flextek technology is currently being tested by the Hyundai Motor Car Company for use in Hyundai's factory flex-fuel vehicles.
DE 95 Diesenol is the ONLY 95% pure ethanol fuel for use in unmodified diesel engines. The technology involves the use of a proprietary chemical which renders ethanol fit to use in any modern diesel vehicle with no modification. Extensively tested on city busses and trucks as well as in the lab, DE 95 improves torque and power, improves cold-start performance, significantly reduces emissions, and increases oil change intervals of diesel powered vehicles.
Additionally the Company has completed negotiations to purchase worldwide rights to the Lubrilon line of engine chemicals, and is currently marketing the only motor oil formulated specifically for vehicles running on E85 fuel. The company estimates the valuation of the Flextek, Diesenol and its other complementary technologies to be in excess of 2 billion dollars.
About XcelPlus International:
XcelPlus Global Holdings Inc. is a holding company owning and controlling clean fuel technologies, specialty chemicals and lubricants.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
IP: Logged |
Sonora Gold Corp. Announces Drilling Commences at The San Enrique Copper Moly Gold Project, Closes Red Tusk Acquisition, and Updates Santa Gertrudis Sale Sonora Gold Corp. ("Sonora Gold" or "the Company") (TSX VENTURE: SGG)(OTCBB: SGGFF)(FWB: T9N) announces that progress continues on all aspects of operations including drilling at the San Enrique Option Lands, the closing of the Red Tusk Resources Inc. takeover, and an anticipated closing date for the Company's sale of two Mexican subsidiaries.
San Enrique Drilling Commences
Minera Teck Cominco, S.A de C.V. ("Teck Cominco") has advised the Company that on July 4th, 2006, an approximate 10 hole, 2000 to 2500 metre diamond drill program began on the 8500 hectare San Enrique copper/molybdenum/gold property that Teck Cominco has under option from the Company (the "Option Lands"). This drilling is concentrated in the 'Nacho Libre' anomaly where previous shallow drilling by Sonora Gold encountered values of up to 27.6 meters grading 0.148% Mo, 0.308% Cu and 6.7 gpt Ag. Teck Cominco has advised that this drilling will be significantly deeper than Sonora's previous program with the objective of testing the continuity of mineralization at depth.
A preliminary report on Nacho Libre was provided by Teck Cominco, highlighting additional work in that specific area. A total of 113 rock samples were collected from the property, resulting in average values of 56 ppb Au, 508 ppm Cu, 351 ppm Mo. The highest values reported were 1330 ppb Au, 10,750 ppm Cu, and 8,501 ppm Mo. The Nacho Libre anomaly is only one of several additional anomalies on the San Enrique Option Lands, and more detail of work programs on those areas is expected soon.
Teck Cominco must spend US$3.5 million over 5 years to earn a 60% interest. Upon completion of this initial expenditure Teck Cominco may elect to earn an additional 10% by spending an additional US$3.5 million on the approximately 8,500 hectare San Enrique Option Lands. Teck Cominco has spent approximately US$170,000 in 2006 and has budgeted approximately US$500,000 for the remainder of the year.
Red Tusk Acquisition Approved
The Company also announces that it has received final approval from the Toronto Venture Exchange for the take over of Red Tusk Resources Inc. and the transaction is now closed. Red Tusk Resources shareholders will receive one (1) Sonora Gold Corp. share for every one (1) Red Tusk Resources Inc. share (totaling 4,725,000 Red Tusk shares for 4,725,000 Sonora Gold shares). This transaction includes the acquisition of two new properties for Sonora Gold - a 100% ownership in the approximately 27,000 acre 'drill ready' RHG Copper/Gold prospect in northwestern British Columbia, as well as a 100% option on the 28,000 acre Tantalus massive sulphide prospect in southwestern British Columbia. The Company has applied for permitting of a proposed 24 hole diamond drill program on the RHG Copper/Gold prospect and is tentatively scheduled to commence late this summer.
Santa Gertrudis Sale Update
The Company's sale of two Mexican subsidiaries has also received approval from the Toronto Venture Exchange and is expected to close soon. This sale, including the past producing Santa Gertrudis gold property, is for gross proceeds of US $3,050,000 and the lesser of 5% or 1,000,000 two year warrants in Sonora Copper LLC, exercisable at the lesser of US $0.40 or the public financing price. The cash is payable in three instalments, the first being the closing date then 3 months and 6 months after closing. The warrants will be issued on the day Sonora Copper LLC comes to trade on any exchange in any manner. This transaction does not include the San Enrique Option Lands where Teck Cominco is earning an interest in the property as reported above.
This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward looking statements that involve various 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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Source: Market Wire (July 17, 2006 - 12:15 AM EDT)
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
China Direct Trading Corp. Recieves Chinese Roof Tile Approval NOA (Notice of Acceptance) No:06-0407.05 Effective July 20, 2006 Monday July 17, 7:20 am ET
COOPER CITY, FL--(MARKET WIRE)--Jul 17, 2006 -- China Direct Trading Corporation (OTC BB:CHDT.OB - News), a U.S.-Chinese trading company, today announced that its subsidiary, Overseas Building Supply, LLC (OBS), received a Notice of Proposed Action from the Dade County Product Control Division, which governs the product review process in Dade and Broward Counties, Florida. The Notice, dated June 30th, is a 20-day approval notice for OBS' clay double roll roofing tile No. 06-0407.05. Unless objections are raised by any member of the Board of Rules and Appeals, which overseas the issuance of all NOAs, on or before July 20th, the roofing tiles will be eligible for sale. OBS has also been provided the five page NOA document which soon will be available online at www.chdt.us. This grants OBS the exclusive right to import and sell these clay roof tiles.
Subject to no objections from the Board of Rules and Appeals, OBS will start taking orders from roofers, tile distributors, home owners, and retailers on July 20th for Goods starting to leave on August 15th and the first delivery in the U.S. on September 10th. For information on roof tiles contact Howard Ullman at 954-252-3440.
OBS has entered into an exclusive distribution agreement with a China Ceramic Tile factory. The factory has been in operation since 1986 producing high quality roofing and floor tiles with 15% of its annual production going to export. The factory has 90 new machines imported from Spain and Italy producing a Chinese brand known as Minnan. The ISO9001 rated factory has 1,256 workers in a 200,000 square meter facility. Total annual production capacity is twenty million tiles. The factory can expand its production facility if and when demand dictates.
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 distribution of building materials including but not limited to roof tiles, interior doors, and insulation materials. CPS, (www.completepower247.com) is a majority-owned subsidiary engaged in a turnkey solutions for standby commercial and residential power generation. Souvenir Direct Inc. (SDI) is engaged in product development, manufacturing, distribution, logistics and product placement into mass retail of souvenir and gift items in 29 countries. None of the web site URLs listed in this press release are incorporated into or are part of this press release.
FORWARD-LOOKING STATEMENTS: This press release, including the financial information that follows, contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on China Direct's and its subsidiaries' managements' current expectations and assumptions, and involve risks and uncertainties. Such expectations and assumptions may prove to be faulty or incorrect. Actual results may differ materially from those anticipated results set forth in the statements. The forward-looking statements may include statements regarding consumer demand, product orders, product development, product potential or financial performance. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. China Direct undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Approval of products by governmental authorities does not mean that the products will be accepted by consumers or produce any revenues or profits. Forward-looking statements in this press release and risks associated with any investment in China Direct, which is a "penny stock" company, should be evaluated together with the many uncertainties that affect our business, particularly those mentioned in the cautionary statements in current and future China Direct SEC Filings, which statements we incorporate by reference herein.
Contact:
For information on this release Contact: Rich Schineller 941.918.1913 rich*chdt.us
IP: Logged |
HENDERSON, Nev./EWORLDWIRE/July 17, 2006 --- International Star, Inc. (OTCBB: ILST.OB) today made public the details of the recent developments in the exploration and testing on the Detrital Wash and Wikieup properties in Mohave County, Arizona.
In January 2006, International Star, Inc., announced the signing of a Joint Venture with Resolve Capital, Inc., on the original 1,280 acres in the Detrital Wash, Mohave County, Arizona. In that announcement, ISTAR stated that one of the benefits of the Joint Venture was the ability to turn focus to the remaining properties held by the company. In the months following the signing, that has been the primary focus for International Star, Inc.
During February 2006, management of ISTAR began talks with a world-wide REIT organization with interests in investing in International Star, Inc. and in developing a long-term mining relationship between ISTAR and the organization. During due diligence performance on the organization, it was determined by management the proposed relationship with the organization would not be in the best interests of the ILST shareholders and negotiations were terminated. In the process of the discussions, however, ISTAR was introduced to two individuals, a chemist and a metallurgist, who have been researching and testing an extraction process specifically for the area where International Star, Inc., holds placer and lode claims.
Also in February 2006, management of ISTAR was introduced to an Arizona mining company who showed interest in working with the claims held by International Star, Inc., on the Wikieup property. Although it was determined that it was not in the best interest of the ILST shareholders to enter into a Joint Venture with the mining company, during the process management was introduced to Geologist Jim Nyrehn and a production facility in Flagstaff, Arizona, both of which were very interested in working with International Star, Inc., in the pursuit of extracting minerals from both Detrital Wash and Wikieup properties.
In a report submitted to International Star, Inc. by Geologist Jim Nyrehn dated April 1, 2006, Mr. Nyrehn states, "It is the opinion of this author that the International Star mineral properties located to the west of Wikieup, Arizona and at Detrital Wash in northwest Arizona could host ore-grade mineralization not previously recognized." Mr. Nyrehn also states, "The geology, structure and lithology all combine on the Wikieup property to indicate a tremendous exploration potential for precious and base metals. The property to date has apparently only been examined as a target for precious metals," and "The company's Detrital Wash property is an example of a property with potentially more value than anticipated. During a cursory evaluation of the eastern portion of the property, it was noted that several veins and structures, which appear to be mineralized, occur on the property with frequency."
ISTAR took the advice of Jim Nyrehn, and with his guidance, collected samples to be used with the new extraction process. After months of closely working with the chemist and metallurgist on the extraction process to be used on each property, it was determined the process was ready for testing in the production facility in Flagstaff, Arizona. Through weeks of testing on various types of samples from both Detrital Wash and Wikieup properties at the Flagstaff facility, an extraction process has been developed which is yielding consistent results on both properties. On July 10, 2006, Robert L. Wasiliew, BC Certified Assayer, and Philip V. Olivier, South African Certified Assayer, certified test results on two separate tests from the Detrital Wash property. One 150g test yielding 4.044 OPT (ounces per ton) of Gold (Au) and 0.127 OPT of Platinum (Pt), and the second 5 pound head ore test for Platinum (Pt) alone yielding 0.1259 OPT.
Testing at the Flagstaff facility is continuing, including bulk tests geared towards formulating the cost effectiveness of going into production at the Flagstaff facility as opposed to building a new facility closer to both properties, which is also under consideration by the ISTAR management team. The Flagstaff facility has shown great interest in continuing work with International Star, Inc. ISTAR management is currently undergoing the due diligence towards that possibility.
International Star will continue to pursue means to expand its exploration activities on both its Detrital Wash and Wikieup properties, either by seeking additional capital through loans or private placements of its securities or by possibly entering additional joint venture arrangements with one or more other, more substantial companies.
Although there are negotiations currently in progress, there are no arrangements in place to further fund the company at this time, and the outcome of the discussions with other entities cannot be predicted. If the company raises capital by selling its equity stock, the proportionate ownership of existing shareholders will be diminished.
As a side note, on May 23, 2006, Larry Stone, representing Star-Resolve Detrital Wash, LLC., requested an extension on the time constraints as specified in the Joint Venture Agreement with International Star, Inc. In response, on May 24, 2006, Denny Cashatt, stated, "In light of what has taken place over the past six months, I see no reason to extend this any further." The matter has since been referred to the corporate attorney.
IP: Logged |
posted
Marmion Industries Corp Announces Receipt of $895,000.00 Contract
MMIO - ( .12 )
Monday , July 17, 2006 01:01 ET
HOUSTON, July 17, 2006 /PRNewswire-FirstCall via COMTEX/ -- Marmion Industries Corp (OTC Bulletin Board: MMIO) (M6IA.F) announced today that it has entered into a contract with Drymalla Construction, Ltd. of Columbus, Texas to perform all HVAC work in connection with the construction of the Thompson Elementary Replacement School located in Houston, Texas. Under the terms of this contract, Marmion would receive up to $895,180.00 for this project upon successful completion, not including change orders that may increase the amount of the initial contract. This is the contract referenced in the letter of intent from May 2, 2006. Construction is expected to begin in early October of 2006 and should be completed by the end of April of 2007.
Marmion Industries Corp (http://www.marmionair.com ) is a specialty company that manufactures and markets explosion-proof air conditioners, refrigeration systems, chemical filtration systems and building pressurizers. The explosion-proof market encompasses industries including oil and gas exploration and production, chemical plants, graineries and fuel storage depots. Additionally, there is significant demand for these systems anywhere sensitive computer systems and analyzation equipment is located. Recognized by the Texas Dept. of Licensing and Regulation (TACLA019367C) as a contractor in the field of Heating Ventilation and Air Conditioning, as well as the Louisiana State Licensing Board of Contractors (Lic. No. 44001) as a contractor in the field of Commercial Heating Ventilation and Air Conditions and Sheetmetal. The Company commenced residential and commercial HVAC service operation in Texas in 1998 and has since provided specialty service to Fortune 500 clientele. Contact number 713-466-6585.
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
SOURCE Marmion Industries Corp
Bill Marmion of Marmion Industries Corp, +1-713-466-6585
-------------------- " Cash is King "
IP: Logged |
CyberTel Capital Corp. Completes Merger With HBLN Services, Inc., Provider of Wireless Technology Services Monday July 17, 9:00 am ET
SAN DIEGO, July 17 /PRNewswire-FirstCall/ -- CyberTel Capital Corp. (OTC Bulletin Board: CBCL - News), today announced that it has completed the merger with HBLN, Inc., and will now devote its resources and activities to providing wireless engineering, consulting and management services to customers throughout the United States. The Company plans to release updated financial statements reflecting the merged entity in the next few weeks.
Stated James Wheeler, CEO of CyberTel, "We are pleased to have completed the merger between HBLN and CyberTel as this provides the foundation for the company's future growth. We hope to be able to take advantage of the many developments taking place within the wireless industry across the nation. To this end, CyberTel will continue to seek and evaluate additional merger and acquisition opportunities in this changing marketplace."
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of CBCL officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future CBCL actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and CBCL has no specific intention to update these statements. -------------------------------------------------------------------------------- Source: CyberTel Capital Corp.
IP: Logged |
International Star, Inc. Announces Updates in the Exploration On Both Detrital Wash and Wikieup Properties Monday July 17, 8:43 am ET
HENDERSON, Nev., July 17, 2006 (PRIMEZONE) -- International Star, Inc. (OTC BB:ILST.OB - News) today made public the details of the recent developments in the exploration and testing on the Detrital Wash and Wikieup properties in Mohave County, Arizona.
ADVERTISEMENT click here In January 2006, International Star, Inc., announced the signing of a Joint Venture with Resolve Capital, Inc., on the original 1,280 acres in the Detrital Wash, Mohave County, Arizona. In that announcement, ISTAR stated that one of the benefits of the Joint Venture was the ability to turn focus to the remaining properties held by the company. In the months following the signing, that has been the primary focus for International Star, Inc.
During February 2006, management of ISTAR began talks with a world-wide REIT organization with interests in investing in International Star, Inc., and in developing a long-term mining relationship between ISTAR and the organization. During due diligence performance on the organization, it was determined by management the proposed relationship with the organization would not be in the best interests of the ILST shareholders and negotiations were terminated. In the process of the discussions, however, ISTAR was introduced to two individuals, a chemist and a metallurgist, who have been researching and testing an extraction process specifically for the area where International Star, Inc., holds placer and lode claims.
Also in February 2006, management of ISTAR was introduced to an Arizona mining company who showed interest in working with the claims held by International Star, Inc., on the Wikieup property. Although it was determined that it was not in the best interest of the ILST shareholders to enter into a Joint Venture with the mining company, during the process management was introduced to Geologist Jim Nyrehn and a production facility in Flagstaff, Arizona, both of which were very interested in working with International Star, Inc., in the pursuit of extracting minerals from both Detrital Wash and Wikieup properties.
In a report submitted to International Star, Inc. by Geologist Jim Nyrehn dated April 1, 2006, Mr. Nyrehn states, ``It is the opinion of this author that the International Star mineral properties located to the west of Wikieup, Arizona and at Detrital Wash in northwest Arizona could host ore-grade mineralization not previously recognized.'' Mr. Nyrehn also states, ``The geology, structure and lithology all combine on the Wikieup property to indicate a tremendous exploration potential for precious and base metals. The property to date has apparently only been examined as a target for precious metals. The company's Detrital Wash property is an example of a property with potentially more value than anticipated. During a cursory evaluation of the eastern portion of the property, it was noted that several veins and structures, which appear to be mineralized, occur on the property with frequency.''
ISTAR took the advice of Jim Nyrehn, and with his guidance, collected samples to be used with the new extraction process. After months of closely working with the chemist and metallurgist on the extraction process to be used on each property, it was determined the process was ready for testing in the production facility in Flagstaff, Arizona. Through weeks of testing on various types of samples from both Detrital Wash and Wikieup properties at the Flagstaff facility, an extraction process has been developed which is yielding consistent results on both properties. On July 10, 2006, Robert L. Wasiliew, BC Certified Assayer, and Philip V. Olivier, South African Certified Assayer, certified test results on two separate tests from the Detrital Wash property. One 150g test yielding 4.044 OPT (ounces per ton) of Gold (Au) and 0.127 OPT of Platinum (Pt), and the second 5 pound head ore test for Platinum (Pt) alone yielding 0.1259 OPT.
Testing at the Flagstaff facility is continuing, including bulk tests geared towards formulating the cost effectiveness of going into production at the Flagstaff facility as opposed to building a new facility closer to both properties, which is also under consideration by the ISTAR management team. The Flagstaff facility has shown great interest in continuing work with International Star, Inc. ISTAR management is currently undergoing the due diligence towards that possibility.
International Star will continue to pursue means to expand its exploration activities on both its Detrital Wash and Wikieup properties, either by seeking additional capital through loans or private placements of its securities or by possibly entering additional joint venture arrangements with one or more other, more substantial companies.
Although there are negotiations currently in progress, there are no arrangements in place to further fund the company at this time, and the outcome of the discussions with other entities cannot be predicted. If the company raises capital by selling its equity stock, the proportionate ownership of existing shareholders will be diminished.
As a side note, on May 23, 2006, Larry Stone, representing Star-Resolve Detrital Wash, LLC., requested an extension on the time constraints as specified in the Joint Venture Agreement with International Star, Inc. In response, on May 24, 2006, Denny Cashatt, stated, ``In light of what has taken place over the past six months, I see no reason to extend this any further.'' The matter has since been referred to the corporate attorney.
NOTE: This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results to differ materially from forecasted results.``
posted
EVSC (.034) Cites Favorable Market Conditions for its Liprostin Drug Jul 17, 2006 9:08:00 AM Copyright Business Wire 2006
HOUSTON--(BUSINESS WIRE)--July 17, 2006--
Endovasc Inc. (OTCBB: EVSC), cites positive market conditions for its leading drug candidate, Liprostin, for the treatment of intermittent claudication, a symptom of peripheral arterial disease (PAD), leading up to the Company's Phase IIIa trials for the drug. Management points to the failure of competing PAD drug treatments to meet their endpoints in recent clinical trials for its optimistic outlook for Liprostin.
Most recently, Valentis, Inc (NASDAQ: VLTS) announced that no statistically significant difference was seen in the primary endpoint or any of the secondary endpoints in its Phase IIb clinical trial of VLTS 934 in peripheral arterial disease (PAD). In March of this year, Vasogen Inc. (NASDAQ:VSGN; TSX:VAS), announced that its Phase III SIMPADICO trial of Celacade for the treatment of PAD failed to meet its endpoint of change in maximal treadmill walking distance. In addition, NicOx S.A, announced in November 2005 the failure of NCX 4016 to meet its primary endpoint for its PAOD trial.
The Company's Phase II trial for Liprostin was successful, with patients showing significant improvements in the primary endpoint of maximum walking distance and pain-free walking distance, a secondary endpoint of the trial. Maximum walking distance of patients enrolled in the trial increased over 100% and the average pain free maximum walking distance increased almost 200%.
"We realize that results from the clinical trials of our competitors have drastically improved the competitive landscape for Liprostin. The recurring theme in these failed trials has been that no existing treatment can increase walking distance in patients with PAD or PAOD. Our site recruitment and budget negotiations are proceeding as planned and we look forward to expanding upon our successful trial results in our upcoming phase IIIa trial," commented Dr. Diane Dottavio, Endovasc's President and CEO.
About Endovasc, Inc.
Endovasc, Inc is focused on developing and commercializing drug candidates in the areas of cardiovascular and metabolic medicine. Endovasc is organized as a business development company, operating through the following subsidiaries: Liprostin Inc., which holds the intellectual property for a liposomal based treatment to increase circulation and reduce leg pain in patients suffering from vascular disease; Prostent, Inc., which is developing urinary tract stent coating technology; and Nutraceutical Development Corporation.
Except for the historical information contained herein, this news release contains forward-looking statements that involve risk and uncertainties, including clinical results, the timely availability and acceptance of new products, the impact of competitive products and pricing, the availability of funding from partners or capital markets, and the management of growth, as well as the other risks detailed from time to time in Endovasc's Exchange Commission (SEC) Filings, including the company's Annual Report on Form 10-KSB, and quarterly reports on Form 10-QSB.
Source: Endovasc, Inc.
----------------------------------------------
Endovasc Inc. Rob Johnson 936-582-5920
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
VYST (.095) All New SecureScan III CWD Scores Big at Major League Baseball All Star Game Jul 17, 2006 9:15:00 AM
BALTIMORE, MD -- (MARKET WIRE) -- 07/17/06 -- View Systems, Inc. (OTCBB: VYST), a leading homeland defense solutions provider, announced today that the all new SecureScan III was featured as part of the security screening measures at the Major League Baseball All Star Game this month at PNC Park in Pittsburgh, Pennsylvania. This is the second time that View Systems' equipment has been utilized at the All Star Game.
Three units were deployed for this event. Over the course of the three day run, 3,805 people were screened at the administrative gate, 7,576 people at the 24-hour vendor and employee gate, and 2,894 news casters at the media gate, totaling 14,275 people screened. The SecureScan averages a record-setting 1,384 people per hour; this is the fastest in the industry.
Funded by the US Department of Justice, the SecureScan III's non-contact imaging capabilities reduce the need for wanding and pat-down searches. While ignoring common items like coins, watches, and jewelry, the SecureScan III is sensitive enough to locate hidden razor blades and cell phones on its video image. The SecureScan III's open system architecture allows its data and video to be monitored and controlled remotely. The biometric, positive ID SecureScan III CWD is the latest tool in public safety screening.
Ron Weishorn from NexGen Marketing and Sales, a View Systems authorized dealer in the Pennsylvania region, states, "SecureScan was an All Star success yet again, receiving accolades for fast throughput and accurate scanning. We were featured in headline evening news, and were delighted to be part of such an intense security screening process."
View Systems CEO, Gunther Than, states, "During great sporting events such as the Super Bowl and the All Star Game where the 'best of the best' gather, it is wonderful to see the SecureScan outpacing the traditional walk-through metal detectors. There are over 1,000 stadiums in the country (www.worldstadiums.com). At 1 per week, that's 52,000 events per year. Last year, we scored a base hit. This year, we hit a triple. I am convinced that next year will be a home run."
About View Systems, Inc.
View Systems, Inc. provides security and surveillance products to law enforcement facilities such as correctional institutions as well as to government agencies, schools, courthouses, event and sports venues, the Military, and commercial businesses. View Systems has a network of distributors, licensees and strategic alliance affiliates. View Systems designs and develops concealed weapons detection (CWD) portal systems with biometric capabilities, as well as a camera system geared towards emergency first responders.
Forward-Looking Statements
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
posted
PAIM (.0008) Manufacturing Of Gold Mining Equipment Completed and Shipped From China Today to Cagayan De Oro, Pearl Asian Mining Announces Jul 17, 2006 9:26:00 AM Copyright Business Wire 2006
Chief Metallurgist Engr. Elvis Hidalgo and VP/ IRO Engr. Gary Gotanco of Pearl Asian Mining (OTC:PAIM) reports: The Pearl Asian mining engineering group called "CDO Gold Team" is prepared to receive the gold mining equipment from China. They have been preparing the mine and the gold plant site for weeks to set it up by July 31, 2006. The team has been using manual methods in breaking and preparing the location site by using moil, bareta and sledge hammers and using horses due to the remoteness of the area.
The CDO Gold Team is hoping to get the plant into operation within the first week of August or upon its arrival and obtain the first gold revenues. The funds to be generated will be used to cover overheads, purchase larger and state of the art equipment to break and haul the ores instead of the manual methods currently being used. The Gold Team will be able to explore larger goldveins that contain richer and higher grade gold ores, to build better housing accommodation, mine site office and communication center, medical clinic or dispensary. Pearl Asian will be able to hire additional miners and to increase the production rate from the small scale operations to 100++ tons per day by upgrading and adding bigger capacity of the processing plant.
An 18-20 tpd (tons per day) operation, a safe and environmentally friendly methodology, using specific gravity gold and silver extraction processing plant is designed to extract and to process these gold ores. This initial processing plant will act as a pilot plant for the envisaged full-scale operation, to increase the production rate from 20 tpd to 100-200 tpd.
The Operation CDO will produce gold and silver concentrates containing other precious metals and by-products such as copper and zinc.
It should be noted that "Operation Cagayan De Oro" will be the flagship of Pearl Asian Mining (PAIM) for sometime to come, covering an estimated 7,000 hectares of ancestral domain land. An approximately 20 hectares portion of this small scale mining operation, being permitted, is a joint venture gold mining project between Pearl Asian Mining (PAIM) and the Higaonon Tribes led by Chieftain Datu Joni of the Indigenous Group of People located in the Eastern Region of Mindanao.
FORWARD-LOOKING STATEMENTS
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The Factors that could cause actual result to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
Source: Pearl Asian Mining Industries Inc.
----------------------------------------------
Pearl Asian Mining Industries Inc. Gary Gotanco 650-814-3268 or +63-2-490-0140 Fax: 877-317-4430 IR*PearlAsianMining.com www.PearlAsianMining.com
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
Bio-Solutions Manufacturing, Inc. (OTCBB: BSLM) (Frankfurt: B2T.F) announced today that it has completed the acquisition of 100% of the outstanding equity interest of Bio-Extraction Services, Inc. from Bio Solutions Franchise Corp. (BSFC) for 10,000,000 shares of our common stock.
Bio-Extraction Services, Inc., within its franchise network, will collect the fats, oil, and grease (FOGs) extracted from its commercial cooking establishment customers, using the new technology of the BioExtractor. The BioExtractor is made of three compartments through which waste travels before reaching grease traps of commercial cooking establishments. The first compartment allows the grease to flow over the top into the second compartment while trapping sediment in a removable, cleanable tray. The second compartment, using patent pending technology, removes a majority of the FOGs that flow through the extractor. The third compartment gives opportunity for the introduction of microbial products to remediate any remaining FOGs that enter the grease trap, and later, the municipal collection system.
Peter Chapin, the inventor of the BioExtractor, will serve as Chief Executive Officer and President of Bio-Extraction Services, Inc.
About Bio-Solutions Manufacturing, Inc.:
Bio-Solutions has developed microbiological products for waste bioremediation. Bio-Solutions' products are currently used to service 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 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.
Source: Bio-Solutions Manufacturing, Inc.
----------------------------------------------
Bio-Solutions Manufacturing Inc. Patricia Spreitzer 702-222-4781
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
QTCE (.0194) Successfully Launches New Product Line for Online Gaming Applications NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit. Jul 17, 2006 7:00:00 AM
LAKE HARMONY, PA -- (MARKET WIRE) -- 07/17/06 -- Quantech Electronics Corp. (PINKSHEETS: QTCE), software developer for marketing communications, announced today Quantech's successful launch of its new product line focusing on technological developments for the online gaming industry.
Quantech, developer of cutting-edge web-based communication technologies, has decided to leverage its experience in the development of technologies and tools specifically tailored to the marketing needs of online gaming websites. Quantech developed technologies and software packages that enhance the effectiveness of web-based marketing, and will offer web-based marketing services to its clients.
The online gaming market is one of the fastest growing global web-based markets, driven by higher PC penetration, increased adoption of broadband Internet, and the increased usage of video game consoles online. Gaming has become a mass-market entertainment industry on a par with TV, movies and music as consumers begin to view gaming sites as one-stop-shop entertainment platforms.
Other active stocks are STATS ChipPAC Ltd. (NASDAQ: STTS), Conexant Systems, Inc. (NASDAQ: CNXT) and Level 3 Communications, Inc. (NASDAQ: LVLT).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid $845.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.
posted
HMSG (.0049)to Participate in Strong Angel III Integrated Disaster Response Demonstration Jul 17, 2006 6:00:00 AM
DEL MAR, CA -- (MARKET WIRE) -- 07/17/06 -- Homeland Security Group International (PINKSHEETS: HMSG) announced today that the company will be participating in Strong Angel III to be held in San Diego, California, from August 20-26.
San Diego State University will host the Strong Angel Disaster Response Demonstration during August 2006 to pursue a design for community disaster response. The team is drawn from US government agencies, the military, First Responders, domestic and international humanitarian organizations, academia, and private volunteers. The Strong Angel III demonstration itself will consist of a complex series of tasks addressing challenges seen in the real world. The goal will be the establishing of a model of community resilience in the face of adversity.
"Strong Angel III is a demonstration of methods for improving disaster response within any community under pressure," commented Mark Wilson, 1stSgt USMC (Ret.), Director of Security Division, Homeland Security Group International. "Recent events like the tsunami in South East Asia, Hurricanes Katrina, Rita and Wilma, recent earthquakes, the prospect of an avian Flu outbreak and the constant vigilance needed to counteract possible terrorist activity make it very clear that communities must develop internal disaster response plans. Strong Angel III will look at tasks related to that goal," concluded Wilson.
HMSG plans to man a 24 hour mobile command post during the exercise consisting of satellite Internet and cellular communications, interoperable tactical communication systems, portable and mobile stand-alone cellular sites, physical security coordination and logistical support and disaster response command and control.
"We feel it is important that we participate in this exercise to demonstrate our product line consisting of cutting-edge technologies geared toward disaster response and also to share our experience and expertise learned during disaster relief efforts in the wake of hurricanes Katrina, Rita and Wilma," commented HMSG, CEO, Colonel Jeffrey Powers, USMC (Ret.)
ABOUT STRONG ANGEL III
Strong Angel III will be held in several locations near downtown San Diego, centered within the old Naval Recruit Training Center, now managed by the San Diego Fire Academy. The central site will include space for meeting areas, work areas, networking and communications equipment, and independent power and light. It will be staffed 24 hours a day. Over the course of a week, as the scenario unfolds, a team will conduct tasks to explore solutions proposed for lessons learned in Iraq, the South Asian tsunami response, and the aftermath of Hurricane Katrina. Each task is designed to improve the resilience of a community anywhere in the world that finds itself under multiple pressures and with little outside support. Some of these tasks will showcase cutting-edge technologies, products, and solutions from both the public and private sectors. Others will focus on the non-technical aspects of mutual aid, self-sustainment, and collaborative cooperation.
The tasks will address a range of technical and sociological topics including redundant power, adaptive communications, austere network conditions, mobile workers, cross-organizational collaboration, mesh networking, satellite services, ephemeral workgroups, geospatial information systems, rapid assessment techniques, shared situational awareness, cyber security, alerting tools, community informatics, machine-based translation for multi-lingual communication, and social network development.
The tasks reflect problems experienced by members of the Strong Angel team in the real world. All events will be documented. Media organizations are invited to observe, as are academic institutions with an interest in disaster management.
ABOUT HOMELAND SECURITY GROUP INTERNATIONAL
Homeland Security Group International (PINKSHEETS: HMSG) is a technology-based corporation based in north county San Diego. HMSG's mission is the development and commercialization of technology focused on providing increased security for both civilian and military personnel throughout the world. Under the leadership of Colonel Jeffrey A. Powers, USMC (Retired), HMSG has assembled a portfolio of technology and services through alliances with established defense-related companies and through internal development that is being brought to market in a cost-efficient and timely manner. The Company has an alliance with Recon Mountaineer, LLC, (an Oceanside, Calif.-based designer and manufacturer of military combat gear for the United States Armed Forces). The company has partnered with leading security firms to design and market surveillance systems for homeland defense security applications.
This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the company's plans to change and are in no way intended to guarantee that the company will be successful in executing its plans. HMSG's common stock currently trades on the over-the-counter "Pink Sheets" under the symbol "HMSG." This press release in no way constitutes any recommendation regarding the securities of HMSG or its affiliates. Any person reading this press release is advised that this release should be considered in light of all facts and circumstances regarding the business and financial condition and prospects of HMSG, and no inference is made in this release contains all such information.
Contact: Homeland Security Group International Colonel Jeffrey A. Powers 858-436-2480 Toll free 800-544-7795
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
IFDG (.032) Delivers First Major Cheese Orders Jul 17, 2006 7:00:00 AM 2006 PrimeZone Media Network
NEWPORT BEACH, Calif., July 17, 2006 (PRIMEZONE) -- International Food Products Group (OTCBB:IFDG) Chairman/CEO Mr. Richard Damion today confirmed that IFPG has delivered its first in a series of orders of high-demand cheese products to a major institutional customer. The order, for over $200,000, was shipped mid-June and it is anticipated that IFPG will have recurring monthly orders building to $500,000 to a $1 million to the industrial and food services sectors. Shipment of an additional $250,000 in orders is expected to be completed by the end of July 2006. Commenting, Mr. Damion said, "We are extremely pleased that after months of fine tuning, this program is now underway, with a first shipment delivered. We have partnered with one of the most innovative cheese processing companies, Coachella Valley Edibles; this alliance is a major opportunity for IFPG. We anticipate annualized cheese sales of $10 to $15 million and are currently evaluating the viability of expanding our market and exporting to Mexico and Asia."
The US is the largest supplier of cheese in the world, producing more than 4 million metric tons a year, accounting for sales of more than $75 billion. Damion concluded, "I anticipate that through our relationship with CVE, additional opportunities exist for significant distribution to the international marketplace. Cheese sales are forecasted to grow by an additional 17% by 2009. Clearly we have entered this category at an extremely opportune time and intend to take full advantage. This, coupled with our soon to be announced Golden Choice Foods(r) bakery products line placements, should result in a significant increase in value for our shareholders."
About International Food Products Group, Inc: IFPG is a public company trading on the OTCBB with the ticker symbol "IFDG." The Corporate Offices are at 170 Newport Center Drive, Newport Beach, CA, 92660. www.goldenchoice.com. IFPG is the manufacturer and marketer of a variety of food products including: Golden Choice 100% Colombian Roasted Coffees, Golden Choice Organic Harvest(tm) and Supreme Harvest(tm) lines of Frozen Fruits and Vegetables, and 100% Fresh Squeezed Pure Fruit Juices. Other products include: "Got Fries(r)," Just Popped(tm), and other fine domestic and imported food products.
Safe Harbor Disclaimer: Certain statements contained herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Such statements include, without limitation, statements regarding business and financing plans, business trends and future operating revenues and expenses. Although the Company believes that the expectations reflected in such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate and similar expressions, or which by their nature refer to future events. You should independently investigate and fully understand all risks before investing. These descriptions of the Company contain forward-looking statements that involve risk and uncertainties including, but not limited to, quarterly fluctuations and results, the management of growth, competition and other risks detailed in the company's SEC filings if any. Actual results may differ materially from such information set forth herein.
CONTACT: Global Media Relations Mairead Howe (949) 910-6375 maireadhowe********** PO Box 1998 Newport Beach, CA 92663
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
UDTT (.028) Develops Response Plans and Procedures for a Positive BSM-2000 Alarm Jul 17, 2006 8:00:00 AM 2006 PrimeZone Media Network
LOS ANGELES, July 17, 2006 (PRIMEZONE) -- Universal Detection Technology (OTCBB:UDTT) (FWB:P08) (www.udetection.com), a developer of early-warning monitoring technologies to protect people from bio-terrorism and other infectious health threats, announced today that it has drafted a complete response plan for a potential positive alarm by BSM-2000. The plan details the procedures that UDTT's customers will need to take into consideration in the event of a positive anthrax alarm. It also allocates responsibilities to various on-site and off-site security staff members and members of the management team of the premises where BSM-2000 is installed.
"The completion of the response plan is a milestone in our efforts to provide a comprehensive set of services to our customers with regards to early detection of a bio-terror attack. It allows us to educate our customers in not only installing and maintaining BSM-2000 but also effectively handling a positive alarm," says Nima Montazeri, UDTT's VP of Strategic Development. "Today we heard about an investigation by the NY Times on an envelope with white powder received by the agency. Our protocols will help outline procedures for dealing with unfortunate situations like this," he added.
The response plan shall also be discussed during UDTT's orientation sessions aimed at training the management and the security staff of the adopters of BSM-2000.
About Universal Detection Technology
Universal Detection Technology (UDTT), founded in 1973, is a developer of monitoring technologies, including bio-terrorism detection devices. Universal Detection Technology, in cooperation with NASA's Jet Propulsion Laboratory (JPL) has developed the BSM-2000, a bacterial spore and anthrax spore monitoring device, which combines JPL's spore detection technology with UDTT's aerosol capture device. For more information, please visit www.udetection.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties include, among other things, the funding of amounts of capital adequate to provide for our working capital needs and our timely repayment of debt; our ability to timely and cost effectively complete the development and testing of our products; our ability to commercially produce our products on a profitable basis; commercial acceptance of our products; product price volatility; product demand; market competition and general economic conditions and; other factors described in UDTT's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
CONTACT: Universal Detection Technology Jacques Tizabi (310) 248-3655 jtizabi*udetection.com
CEOcast, Inc. for Universal Detection Technology Andrew Hellman (212) 732-4300
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
DNAG (.0123) Selects PT-502 Lead Research Compound for Development of Drug for Treating Depression Jul 17, 2006 7:00:00 AM
SARASOTA, FL -- (MARKET WIRE) -- 07/17/06 -- DNAPrint Genomics, Inc. (OTCBB: DNAG) today announced it has confirmed positive results in an animal model for anti-depressant activity for its PT-502 lead compound being developed with the Massachusetts College of Pharmacy and Health Sciences.
"The results of the assay are encouraging and have enabled us to select PT-502 as the lead candidate for a new anti-depressant therapy," stated Dr. Mark Froimowitz, Research Professor of Chemistry at the Boston College. "The test results clearly show that PT-502 is active in a widely used animal assay for anti-depressant activity. This approach uses the dopamine system as a means of treating depression and is different from traditional serotonin and norepinephrine reuptake inhibitors such as Prozac(TM)."
In October 2005, DNAPrint Genomics announced that it has licensed a series of Ritalin(TM)-like compounds developed by Dr. Froimowitz. Ritalin(TM) is a well-known drug used for the treatment of attention deficit hyperactivity disorder (ADHD). These compounds have the potential to be enhanced pharmaceuticals for the clinical treatment of depression, drug addiction and ADHD.
Dr. Froimowitz noted that anywhere from 30% or more of the patients treated with available anti-depressants either do not respond to treatment or have adverse side effects. "PT-502 is our new compound designed to selectively block the reuptake of dopamine with a slow onset, and a longer duration of action. This pharmacokinetic profile indicates that PT-502 should have little or no abuse potential. This offers a new model for the treatment of depression that affects nearly 20 million people a year in the U.S. alone. Finding a treatment that may augment or enhance the use of serotonin and norepinephrine reuptake inhibitors could help millions of people suffering with depression."
"We are very encouraged by these preliminary results from Dr. Froimowitz's laboratory and we will be advancing the PT-502 compound as quickly as possible," said Hector J. Gomez, M.D., Ph.D., Chairman and Chief Medical Officer of DNAPrint and the Company's DNAPrint Pharmaceuticals division. "Neurological compounds such as those in our PT-500 series are exciting additions to our growing product and diagnostic development pipeline."
Richard Gabriel, President and Chief Executive Officer of DNAPrint Genomics, noted that the compound series that the Company licensed from Dr. Froimowitz are focused on drug addiction, depression and attention deficit disorder. "We believe, as do many researchers and clinicians in the psychiatric field, that strong links may exist for certain individuals between drug addiction, attention deficit and depression in clinical evaluations of those individuals and it is important to understand the neurological inter-relationships between the three neurological disorders," he stated. "We will not only be using our Systems Biology to understand the relationships between these three distinct disorders but we will utilize our DNA Ancestry Informative Marker technology to help us sort out the patient population groups that are the most responsive to treatment using this new model of treatment for depression. We believe this will give us a significant advantage over existing drug therapies, especially for the refractive patient groups that may not respond to the 'one pill fits all' design of currently approved drugs."
About DNAPrint Genomics, Inc.
DNAPrint Genomics, Inc. (www.dnaprint.com) is a developer of genomics-based products and services in two primary markets: biomedical and forensics. DNAPrint Pharmaceuticals, Inc., a wholly owned subsidiary, develops diagnostic tests and theranostic products (drug/test combinations) using the Company's proprietary ancestry-informed genetic marker studies combined with proprietary computational modeling technology. Computational Biology and Pharmacogenomics services are also offered externally to biopharmaceutical companies. The Company's first theranostic product is PT-401, a "Super EPO" (erythropoietin) dimer protein drug for treatment of anemia in renal dialysis patients (with end stage renal disease). Preclinical and clinical development of all the Company's drug candidates will benefit from simulated pre-trials to design actual trials better and are targeted to patients with genetic profiles indicating their propensity to have the best clinical responses. DNAPrint is proud of its continued dedication to developing and supplying new technological advances in law enforcement and consumer ancestry heritage interests. Please refer to www.dnaprint.com for information on law enforcement and consumer applications which include DNAWitness(TM), RETINOME(TM), AncestryByDNA(TM) and EuroDNA(TM). DNAWitness-Y and DNAWitness-Mito are two tests offered by the Company. The results from these tests may be used as identification tools when a DNA sample is deteriorated or compromised or other DNA testing fails to yield acceptable results.
Forward-Looking Statements
All statements in this press release that are not historical are forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, but not limited to, uncertainties relating to technologies, product development, manufacturing, market acceptance, cost and pricing of DNAPrint's products, dependence on collaborations and partners, regulatory approvals, competition, intellectual property of others, and patent protection and litigation. DNAPrint Genomics, Inc. expressly disclaims any obligation or undertaking, except as may be required by applicable law or regulation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in DNAPrint's expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements are based.
Company Contact: Richard Gabriel CEO and President 941-366-3400 -or- Ron Stabiner The Wall Street Group, Inc. 212-888-4848
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
VRDM (.0795) GS CleanTech Executes Agreement to Convert Poultry Fat into Biodiesel Feedstock Jul 17, 2006 8:00:00 AM Copyright Business Wire 2006
NEW YORK--(BUSINESS WIRE)--July 17, 2006--
GS CleanTech Corporation (OTC Bulletin Board: VRDM) today announced its execution of an agreement with an Arkansas-based poultry processing facility to extract more than one million pounds per year of poultry fat annually from the facility's waste streams for conversion into a biodiesel feedstock using GS CleanTech's proprietary animal fat recycling and conversion technologies.
GS CleanTech's pricing model for its animal fat recycling and conversion technologies is based on GS CleanTech's provision of turn-key systems for no up-front cost in return for long-term agreements to purchase the converted animal fat based on a fixed discount to prevailing fuel prices.
Under the terms of the agreement, GS CleanTech expects to generate an estimated $1.2 million to $1.8 million in annualized revenues by purchasing and selling the Arkansas facility's converted poultry fat as a biodiesel feedstock.
About GS CleanTech Corporation
Formerly named Veridium Corporation, GS CleanTech Corporation (OTC Bulletin Board: VRDM) provides applied engineering and industrial design services based on clean technology and process innovations that make it cost-effective and easy to recycle and reuse resources.
GS CleanTech is majority-owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a company devoted to facilitating the efficient use of natural resources.
Safe Harbor Statement
This press release contains statements that 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 GS CleanTech Corporation (f/k/a Veridium Corporation), and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
For more information, please contact:
Source: GS CleanTech Corporation
----------------------------------------------
GS CleanTech Corporation 888-895-3585 Fax: 646-572-6336 investorrelations*greenshift.com www.greenshift.com or Investor Relations: CEOcast Inc. Andrew Hellman 212-732-4300 or Public Relations: Walek & Associates Deborah McCandless 212-590-0523 Fax: 212-889-7174 dmccandless*walek.com www.walek.com
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
CRGO (.0144) First International Shipment Arrives in the United States Containers From Vietnam Received at the Port of Oakland Jul 17, 2006 10:04:00 AM
INWOOD, NY -- (MARKET WIRE) -- 07/17/06 -- Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO) (BERLIN: CD6.BE) (FRANKFURT: 217026) today announced that its wholly owned subsidiary, Cargo Connection Logistics -- International, Inc., has been tracking its first containers of cargo from Vietnam and that they have arrived in the United States.
"The freight arrived in the United States on July 12th and has been successfully delivered to the Consignee, through the Port of Oakland," said David Quach, President of Cargo Connection Logistics -- International, Inc. "This officially marks Cargo Connection Logistics' entry into the International arena. As we continue to expand, we expect that many shippers will take advantage of the Cargo Connection Logistics Network and its strong infrastructure within the United States."
We expect that our extensive experience and expertise in the fashion business, as well as the information systems we have in place will support this business. We believe that these characteristics are exactly what will continue to make this a very successful venture," continued Quach. This shipment was paid for prior to the freight being delivered to Consignee.
Quach also said, "Cargo Connection Logistics -- International, Inc. is aggressively pursuing other agreements with several companies in Vietnam. The company expects to formalize these pursuits over the coming weeks." The Cargo Connection Logistics network has focused on the Vietnamese market for several reasons. These include a significant increase in new factories, which is partly fueled by a robust and inexpensive labor market. Another reason is the rapid expansion of the Vietnamese Port System and Vietnam's upcoming membership into the World Trade Organization (WTO).
The Vietnamese Ministry of Foreign Affairs states that, "Vietnam has also made substantial preparatory steps for its active international economic integration in key service sectors like telecom, distribution, financial services in accordance with international standards. Vietnam has so far offered commitments in 11 service sectors and approximately over 100 service sub-sectors in its WTO accession negotiations." (See; Vietnam is prepared for WTO membership)
"Vietnam is rapidly becoming a leading source for retailers looking for high-quality production of furniture, toys and clothing at very competitive rates," said David Quach.
"The Vietnamese government is heavily investing in its infrastructure in order to promote internal and international growth," said Jesse Dobrinsky, CEO of Cargo Connection Logistics Holding, Inc. "We are expecting to receive shipments that are Full Container Loads (FCL) as well as Less than Container Loads (LCL). Cargo Connection Logistics expects to be a participant in all aspects of merchandise being exported from Vietnam, which is one of the 15 largest countries in the world." Dobrinsky went on to say, "We expect to continue bringing Vietnamese freight into the United States and for this venture to be a continued success."
About Cargo Connection Logistics Holding, Inc.
Company: Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and Cargo Connection Logistics -- International, Inc. (formally Mid-Coast Management, Inc.), which are both headquartered in Inwood, NY. The Company also has offices in Atlanta, GA; Charlotte, NC; Chicago, IL; Columbus, OH; Miami, FL; New York, NY; Pittsburgh, PA; and San Jose, CA. Cargo Connection Logistics is a leader in world trade logistics. Headquartered adjacent to JFK International Airport, the company is a transportation logistics provider for shipments importing into and exporting out of the United States, with service areas throughout the United States and North America. The companies currently provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. They have container freight station operations specifically designed to handle internationally arriving freight for the major retail suppliers through its CFS facilities in Florida, Georgia, Illinois, New York and Ohio. They also have a General Order Warehouse operating in New York.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission, including, without limitation:
-- the Company's ability to increase its revenues, including by obtaining contacts with foreign shippers; -- the Company's financial condition, including its ability to continue as a going concern; -- the effect of the Company being in default on its indebtedness; -- the Company's ability to raise additional capital; -- the Company's reliance on key personnel and independent agents; and -- the Company's vulnerability to economic and industry conditions
Matrixx Resource Holdings, Inc.: Weekly Drilling Update on Clovelly South Prospect
MALIBU, CALIFORNIA -- (MARKET WIRE) -- 07/17/06 -- Matrixx Resource Holdings, Inc. (OTCBB: MXXR), announced the Company has been notified by the operator that as of early this morning the well has reached a depth of 12,704 feet.
Daily reports provided from the site indicate operations are continuing to remain normal. The drill rate since the last announcement is averaging 9.1feet per hour. The Company and the operator anticipate hitting the original target depth of 13,500 feet by early next week. Drilling is expected to slow between the "M" and "P" Sand depths and should be reached by early the following week. Progress and results will be updated weekly.
As previously announced, the original proposed target was to test the "M" Sand at a depth of approximately 13,500 feet with a prospective size of 3.6 million barrels of oil. After further geophysical review of a 3D Seismic survey of the property, the operator and the interest owners of the prospect and put forth a further development plan for a deeper horizon. The additional drilling target will test the "P" Sand at approximately 14,200 feet, and if successful, would significantly increase the reserves in the well to an anticipated 11 million barrels of oil for a nominal increase in the dry hole cost. A discovery would lead to the drilling of several development wells on the 1260 acre property where facilities for the production of the well are available.
While global political turmoil continues to keep oil prices near $75 per barrel and some recent analysts' reports predict that oil could reach as high as $100 a barrel in the near future, the Company is moving forward in its efforts to acquiring additional growth and investment opportunities in this natural resource sector with the intent of providing the Company and its shareholders a much-improved increase in shareholder value. The Company is focused on increasing value by means on continuing acquisitions, development projects and exploration drilling through joint venture networks.
Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Matrixx to complete the proposed acquisition(s), the results of Matrixx's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Matrixx to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Contacts: Matrixx Resource Holdings, Inc. Catherine Thompson Media & Investor Relations (310) 456-3199 ir*mrhi.net http://www.mrhi.net
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
CPNE (.46) Announces Record New Memberships for 2nd Quarter Jul 17, 2006 10:33:00 AM
GOLETA, Calif., July 17 /PRNewswire-FirstCall/ -- Commerce Planet, Inc. (OTC Bulletin Board: CPNE) announced today that it enrolled a record 125,000 new paid members during the second quarter of 2006. The Company plans to announce its financial results for the three months ended June 30, 2006 within the next few weeks.
Commerce Planet CEO Michael Hill stated, "Our new membership growth and momentum continued during the second quarter with the introduction of several new products to our affiliate network. We plan an even more aggressive roll out of new products in the third quarter which we believe will further increase our revenue growth and bottom line earnings looking out for the remainder of 2006."
About Commerce Planet
Commerce Planet, Inc. is a full service online commerce and business solutions company. Through its websites onlinesupplier.com, buydiscount.com and mysoftwaretutor.com, and its subsidiaries OS Imaging and Legacy Media, Commerce Planet provides ecommerce, business and media solutions, and loyalty club memberships.
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products and services or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
SOURCE Commerce Planet, Inc.
----------------------------------------------
Michael Novielli Chairman of Commerce Planet Inc. +1-845-575-6770 mnovielli*newave-inc.com
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
SSVG (.035)Reports Profitable Results for First Six Months of Fiscal 2006 Ending March 31st 2006 Jul 17, 2006 10:56:00 AM 2006 PrimeZone Media Network
MANALAPAN, N.J., July 17, 2006 (PRIMEZONE) -- Stratus Services Group, Inc. (OTCBB:SSVG), the SMARTSolutions(tm) Company (the "Company" or "Stratus"), a leading provider of technology staffing and technology productivity consulting, today reported that the Company was able to show a net profit for its first 6 months of fiscal 2006 due to its first quarter asset sale. The Company previously reported that they completed the necessary "trailing" effects of this process and began focusing on its new core business in IT Staffing. The profit was mostly attributed to the Company's discontinued operations; however, the Company reported that its March 31st ending quarter saw a significant reduction in its operational losses, which the Company believes will in turn lead to a net break even in profits from continued operations by the end of its June 30th quarter. Joseph J. Raymond, CEO commented, "Clearly we have turned the corner as far as operational profitability goes, although those results have not yet been impacted on our financial numbers through March 31st. We believe the results of the June ending quarter will validate our new business model. It still remains imperative that we continue working with our creditors so that the Company has ample time to get healthy once again."
The Company intends on updating its investors on their June ending quarter within the next several weeks.
About Stratus Services Group, Inc.
Stratus provides a broad range of information technology staffing and project consulting through its joint venture with Stratus Technology Services, LLC.
The statements which are not historical facts contained in this press release are forward-looking statements that involve certain known and unknown risks and uncertainties, including but not limited to, changes in the market for Internet or distribution services, regulatory and technological changes, economic factors, increased competition, foreign currency devaluation, foreign market risk, and the nature of supplier of customer arrangements which become available to the Company in the future. The Company's actual results may differ materially from the results discussed in or implied by any forward-looking statement. The words intend, expect, should, project, anticipate, and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made.
CONTACT: Stratus Services Group, Inc. Michael A. Maltzman, Executive VP & CFO (732) 866-0300 Fax: (732) 866-6676
Value Capital Partners Charles Cocuzza Mike Santini (480) 951-3402
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
EGVI .012 Energy Vision International Wins New Retro-Fit Contract at the Riata Resort Apartment Community, Austin, Texas Monday July 17, 10:58 am ET
OXFORD, Miss., July 17, 2006 (PRIMEZONE) -- Energy Vision International (Other OTC:EGVI.PK - News), a rapidly growing diversified energy company announces its subsidiary American Geothermal has been awarded a new contract to replace existing heat pump units with the DeMarco Energy Miser heat pumps at the Riata Resort Apartment Community in Austin, Texas. The Riata Resort Apartment Community complex consists of 2,200 high quality condominiums that was once considered one of the largest single concentrations of apartments in the U.S.A. http://www.riata.comhttp://www.riata.com/ The complex is owned by Jerry Jones, the owner of the Dallas Cowboys.
The entire office, workout facility, and meeting area are geothermal and we are in the process of decommissioning all the old inefficient equipment and installing new DeMarco Energy Miser Units. Total job is estimated at 60 tons. The cost of change out is $2,500.00 per ton. At the completion of the initial retro-fit phase, the company will bid for each successive phase thereafter.
Victor DeMarco CEO of EGVI's subsidiary American Geothermal, commented: ``Contracts such as the Riata job are extremely important to the company. Aside from the additional revenue it provides a long-term source of work enabling us to plan more efficiently into the future.''
Chairman of EVI, Anthony Welch added: ``We continue learning from the operational activities of American Geothermal and we intend replicating this successful business formula in future EVI subsidiaries.''
About the Company
Energy Vision International grows through energy-related acquisitions, marketing its patented geothermal water-air heating/cooling systems, and sales of energy conservation solutions. The company has three subsidiaries at present with plans for more.
The company's subsidiary, DeMarco Energy Systems of America, Inc. (http://www.demarcoenergy.com), has geothermal installations in Oregon, Pennsylvania, Washington, Montana, South Dakota, Mississippi, California and Texas. EVI's primary focus is to provide energy efficient technologies to commercial and institutional markets through the application of the DeMarco 'Systems' patents and other acquired technologies. For more information, visit http://www.energyvisionintl.com
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact: Energy Vision International Investor Relations (662) 236-5928 ir*energyvisionintl.com
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
CYBL .047- Cyberlux Announces Contractor Order for EverOn Lighting Monday July 17, 10:28 am ET Breakthrough Light to be used in Michigan Buildings - EverOn Demonstrates electrical installation cost and energy savings to Contractors, Builders, Homeowners
RESEARCH TRIANGLE PARK, N.C., July 17 /PRNewswire-FirstCall/ -- Cyberlux Corporation (OTC Bulletin Board: CYBL - News), a leading provider of LED lighting solutions, announced today that Bottom Line Energy Management, Inc. purchased EverOn Lights for installation in Michigan apartment buildings. ADVERTISEMENT
Bottom Line Energy Management, Inc., a Michigan based contractor, is involved in the maintenance of commercial buildings and apartment complexes. Bottom Line Energy Management, Inc. purchased 210 EverOn Lights for an initial installation in closets of apartment buildings after presenting proposals to the building owners and demonstrating the capabilities of the EverOn and the cost savings they could achieve versus running electrical wiring to the closets and installing lighting fixtures.
"The building owners were impressed with the amount of light produced by the EverOn and the length of service provided while only using 4 AA batteries and asked Bottom Line Energy Management to proceed," said Barry Wolk, President of Bottom Line Energy Management, Inc.
The EverOn uses the latest solid-state lighting technology that provides more than 60 hours of light using four AA batteries and is 75 percent more energy efficient than conventional incandescent flashlights. Designed originally to provide homeowners with portable, long-lasting, emergency lighting during the hurricane season, the new EverOn is a sturdy, virtually indestructible, lighting product that provides over 60 hours of comfortable room-filling light on the medium setting and over 30 hours of intensely bright white light on the highest setting, all in a 7 inch by 3.5 inch by 2.4 inch package.
"We are thrilled to have a contractor order our EverOn product for this purpose as this unique fixture is much more than just an emergency light. This product has far exceeded our expectations and we are pleasantly overwhelmed with our current sales for the EverOn," said Mark D. Schmidt, president and chief operating officer of Cyberlux. "As demonstrated by this recent sale, the EverOn provides a huge cost saving for closet lighting versus the expense of electrical wiring for traditional fixtures that can be realized by contractors, building owners and homeowners."
The EverOn contains 6 bright white and 4 amber diodal(tm) lighting elements that never require replacement. The EverOn has three light settings including a low, nightlight level; a medium, room-filling light level; and a high, spotlight level. The EverOn builds on the Cyberlux patent for lighting systems capable of generating long-term interim lighting, including the lighting device and associated methods for providing emergency or temporary lighting. Specifically, the patent addresses an electrochemical lighting system capable of providing prolonged illumination with the use of light emitting diodes (LEDs) as the illumination source. The patent embodies lighting devices capable of providing long-term interim lighting via an array of LEDs, the means for providing electrical energy to the LED array, the capability of multi-level light intensity consistent with light longevity and power source relationships including conventional A/C, solar, various electrochemical assemblies or all other means of electrical energy support.
About Cyberlux Corporation
Cyberlux Corporation (OTC Bulletin Board: CYBL - News) has created breakthrough LED lighting technology that provides the most energy efficient and cost effective lighting solutions available today for consumer, commercial and military uses. The ReliaBright products are designed to address emergencies such as power outages or critical security lighting needs. The Aeon products bring the newly developed, virtually heatless light into the home for use in closets, cabinet interiors and under cabinet lighting for kitchen counters. The Military and Homeland Security products deliver unique, covert, and advanced visible lighting capability for threat detection, force and asset protection. Cyberlux uses solid-state semiconductors, trademarked as its diodal(tm) lighting elements, which consume 75% less energy than incandescent lighting elements and perform for over 20 years in contrast to 750 hours for conventional bulbs. For more information, please visit http://www.cyberlux.com.
Public Relations Contacts: Ronnie Welch and Kelly Cinelli, CWR Partners / 508-222-4802 ronnie*cwrpartners.com / kelly*cwrpartners.com
Investor Contact: Equity Relations, Inc. Richard Brown, 617-314-7379
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
EQBM (.0075) Acquire, Explore, Develop and Extract Precious Metals with Equitable Mining Corp. on ***.com Jul 17, 2006 11:48:00 AM
TORONTO, July 17 /PRNewswire-FirstCall/ - Larry Skolink, President of Equitable Mining Corporation (OTC: EQBM), will be joining the Market News First on line radio team for an exclusive interview on July 19, 2006 at 11am CDT.
Equitable Mining Corp. is a rapidly expanding company focused on acquiring, exploring, developing and extracting mineral rights worldwide. The company currently has an ongoing project in the historically high-yield Red Lake Gold Camp in Canada, as well as numerous other acquisitions in various stages of development. The company is aggressively pursuing a broad range of gold and precious metal bearing properties across the globe.
Equitable Mining Corp. recently assembled an international acquisition team to target high-yield mining projects in mineral-rich areas of North America, Latin America and Australasia, and China with the Dalian Mine Tailings project. The company has also entered into discussions around an additional group of claims in Northern Ontario and other North American locations.
Join Dick Hunter and Mike the Analyst in welcoming Larry Skolink this Wednesday July 19, 2006 at 11am CDT.
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.
Safe Harbor
Certain statements above constitute forward-looking statements. Such forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the companies to be materially different from any further results, performance or achievements expressed or implied by such forward-looking statements.
SOURCE Equitable Mining Corp.
----------------------------------------------
Equitable Mining Corporation Jim Adams Director Tel (416) 410-3995 Fax (416) 784-1529 info*equitablelifeinvestments.com www.equitablelifeinvestments.com
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
GFCI (.25) Reaches Agreement With Lyamec on Proposed Offering Jul 17, 2006 12:00:00 PM
HOUSTON, TX -- (MARKET WIRE) -- 07/17/06 -- Grifco International, Inc. ("Grifco" or the "Company") (PINKSHEETS: GFCI) announced today that it has reached an agreement with Lyamec on a $2.25 proposed offering. Filings for either foreign securities registration or U.S securities registration are currently under review.
Further, Grifco announces that it has adopted resolutions to protect assets and to fend itself off as a target opportunity for a hostile takeover, with additional consideration and security in connection with Global Oil Tools Libya. In accordance with adopted resolutions and pursuant to agreements in place, Grifco International is to commence completion of consolidated audited financial statements as well as begin required asset separation agreements with certain subsidiaries as part of the offering. Pursuant to the terms of the asset separation agreement, certain subsidiaries will become "stand-alone" companies. The stand-alone company will operate independently of Grifco.
The Global Oil Tools Libya facility in Misurata is strategically located to provide ready access to critical key distribution points from which Global can deliver tools to regional customers on a just-in-time basis. Global's advantage in North Africa is the ability to provide a localized, fully integrated development, manufacturing and shipping facility over competitors shipping tools from distant distribution centers.
About Grifco International, Inc.
Grifco International is a leading provider of oil and gas services equipment, specializing in the conception, architecture, and development of tools for the coil tubing, wire line, and snubbing industry throughout the United States, China, Mexico, South America, the Middle East and Africa. Grifco holds and owns design rights and manufacturing facilities for producing more than 6,000 products for the oil and gas industry with more than 150 clients, boasting the biggest names in the business, including Halliburton, Exxon Mobil Corp., and Schlumberger.
The Lyamec Group (www.lyamec.com) was established in 1999, to fulfill the existing and expanding demand for U.S. made products as outlined by President Clinton in 1999. The Lyamec Group provides vital assistance in laying unique and integrated platforms with cross-border assets to further streamlining efficient and effective opportunities and solutions.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, 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, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.
Contact: Patrick Riggs Investor Relations The Lyamec Group Email Contact +1-713-542-9996
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
