Alternate Energy Corp. Updates Shareholders on Business Developments AEC's Hydrogen Technology Process That Allows for the Production of Commodity Chemical By-Products Opens Up a Multi-Billion Dollar Worldwide Market of Opportunity Alternate Energy Corporation (AEC) (OTCBB: ARGY), a company that is focused on the commercialization of its hydrogen production technology to multiple markets, today issued a progress and activities update to its shareholders.
In November of 2005, AEC announced that it had a breakthrough in its hydrogen production process technology, and was now able to produce a saleable commodity chemical product that came as a by-product of its hydrogen process, thus leading to the filing of a provisional patent on a new production process.
Then, in March of this year, as a result of AEC's continuing technology development efforts, the Company announced that it could now produce a second commercially saleable commodity chemical product that when combined with the first, is expected to open up a multi-billion dollar worldwide market to the Company. The Company now anticipates that with further development of its technology it will likely be able to produce additional commodity chemical products for world markets as its process generates pure hydrogen for various applications.
Recent Activities and Development Highlights:
-- AEC announced on January 18th that the new ability to produce commodity chemicals as a by-product caused it to re-define its business model, to become a producer of valuable commodity chemicals and to become a player in the production of pure hydrogen for a wide spectrum of commercial applications.
-- AEC announced on February 1st following the "State of the Union" address given by President George W. Bush, that it was in full support of the President's Advanced Energy Initiative. During his speech the President said, "We must change how we power our automobiles. We will increase our research in better batteries for hybrid and electric cars, and in pollution-free cars that run on hydrogen."
-- AEC announced on May 3rd the receipt of a "letter of interest" from BOM-Brasil Óleo de Mamona Ltda, a company that processes castor beans and is today a worldwide supplier of castor oil and other derivative products, with regard to the possible installation of an on-site AEC bulk hydrogen production facility next to BOM Brasil's operation in Bahia, Brasil -- the primary castor bean production area in the Americas. AEC's plant would supply bulk hydrogen to BOM at a significant reduction in cost to what they are currently paying for their 'trucked-in' hydrogen.
-- AEC announced on June 26th an agreement with Genesys Engineering, P.C. to design and construct bulk hydrogen production plants for AEC customers on an exclusive basis. This relationship with Genesys, a design, engineering and construction firm that has experience and a long term interest in the energy industry, satisfies AEC's need for an engineering partner that would design and construct the bulk hydrogen plants at customer sites.
Blain Froats, President and CEO of ACE, stated, "The progress of our Company, with our discoveries and developments to date, are expected to have strong impact on our business model. The ability to produce valuable commodity chemicals for a world market will give us the ability to offset the cost of producing hydrogen to such an extent that we believe our prices can be very competitive in the bulk hydrogen market. And, as we've said earlier, it is quite exciting for our Company to have the opportunity to become a provider of commodity chemicals to a worldwide market with products that are valued at market prices greatly exceeding the value of the hydrogen being produced."
Mr. Froats added, "Our research has shown that the market for bulk hydrogen gas is enormous, currently estimated at approximately US$3 billion globally. Putting just one bulk hydrogen production plant into operation at the site of a food oil manufacturing facility, AEC estimates that it could supply on-demand, high-quality hydrogen to the plant to satisfy the needs of their hydrogenation process and fuel for in-plant power generation, while also producing its commodity chemical products from the same facility."
Mr. Froats further stated, "We believe that such an installed bulk hydrogen system could typically result in gross revenues to the Company of about $80 million, with gross profits in excess of $30 million at current market prices for the produced hydrogen and commodity chemicals."
Alternate Energy Corporation (AEC) is energizing the hydrogen economy with its on-demand Hydrogen production technology that provides small-scale electricity, and bulk production of hydrogen and a saleable by-product. These systems have global opportunities in multiple market segments. AEC's proprietary discovery in metallurgy and process technology permits the generation of hydrogen from water through a "green" process at a competitive level to the fossil fuel kWh cost of energy. AEC believes its systems can have a revolutionary impact on the energy industry.
Forward-Looking Statements:
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, the ability to negotiate outstanding prior debts of acquired companies; properly identify acquisition partners; adequately perform due diligence; manage and integrate acquired businesses; react to quarterly fluctuations in results; raise working capital and secure other financing; respond to competition and rapidly changing technology; deal with market and stock price fluctuations; and other risks. These risks are and will be detailed, from time to time, in ARGY's Securities and Exchange Commission filings, including Form 10-KSB 10-QSB and 8-K. Actual results may differ materially from management's expectations.
CORRECTION - RedChip Visibility Issues Research Initiation on TelePlus Enterprises, Inc.: (OTCBB: TLPE) In the news release issued earlier today by RedChip Companies, the disclaimer should read "NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by RedChip Visibility" rather than "NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Aurelius Consulting Group" as originally issued. Complete corrected text follows.
RedChip Visibility Issues Research Initiation on TelePlus Enterprises, Inc.: (TLPE: OTC BB)
Price Target $0.90
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by RedChip Visibility.
ORLANDO, FL -- July 20, 2006 -- RedChip Visibility, a division of RedChip Companies, announced today that they have initiatied research coverage on TelePlus Enterprises, Inc. (OTCBB: TLPE). RedChip initiated coverage of TelePlus Enterprises, Inc. with a "Speculative Buy" rating and a current price target of $0.90.
Leslie Richardson and Patrick Murphy, RedChip Research Analysts, and Level III CFA Candidates wrote in the report:
"The fundamental near-term operational objective for TLPE is straightforward in both the Liberty Wireless and TelePlus Connect segments -- acquire and retain customers. Although it will be critical to stay tuned to each quarter's performance, the early results are positive for the new TLPE model, and the opportunity before the company has never been more attractive. Given the Liberty Wireless historicals, the revenue figures provided by TLPE for the TelePlus Connect acquisitions, and the market opportunity, we believe the company's 2006 projection of $39 million in revenue is achievable, as is EBITDA of over $3 million -- annualizing the Q1 2006 results in $2.7 million in EBITDA, and Liberty Wireless alone reached $4.3 million in EBITDA two years ago."
Research, a division of RedChip Companies Inc., writes fundamental research on small-cap companies. RedChip's success has been documented in Forbes, Barron's and the Wall Street Journal. RedChip Visibility(TM) provides small-cap companies access to both professional and individual small-cap investors by holding conferences throughout the United States, producing online corporate visibility programs, and writing company sponsored research.
RedChip Visibility Research Disclosure
Any opinions expressed herein are subject to change. RedChip Companies Inc. is an affi liate of the Aurelius Consulting Group, Inc. Teleplus Enterprises, Inc. is a client of the Aurelius Consulting Group, Inc. and of RedChip Visibility, a division of RedChip Companies. TLPE paid RedChip Visibility $32,500 for the RedChip Visibility Research Program, which includes this report. RedChip Visibility, a division of RedChip Companies, Inc., and the Aurelius Consulting Group Inc., in a joint marketing agreement, have been contracted by Teleplus Enterprises, Inc. to increase investor awareness of TLPE to the small-cap equity community. These services may include investor conferences and digital and print distribution of TLPE investor related materials. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that the Aurelius Consulting Group is an investor relations firm hired by the Company and receives a monthly fee of $8,500 and an amount equal to $6,500 of Rule 144 stock per month.
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DRAKE GOLD RESOURCES Quick Quote: DKGR 0.01 (-0.00) Drake Gold Resources, Inc. Corporate Update 7/20/2006 CENTURY CITY, CA, Jul 20, 2006 (MARKET WIRE via COMTEX News Network) --
Drake Gold Resources, Inc. (PINKSHEETS: DKGR) is pleased to provide a corporate update.
The Company intends to apply for quotation of its stock on the Over-the-Counter Bulletin Board ("OTCBB"). In order to do so, the Company will need to file a registration statement to become a reporting company under the Securities Exchange Act of 1934. The Company is in the process of preparing the necessary documents. The Company will be required to file audited financial statements and is presently meeting with prospective accounting and auditing firms. It expects to select an accounting firm and an auditing firm within the next two weeks and to immediately begin preparation of audited financial statements. The Company intends to make further public announcements to keep investors informed of developments.
Management has conducted a review of the Company's various pending projects and determined that it would be in the best interests of the Company to cancel its diamond recovery plans, which were intended to include opening an office in Saskatchewan, entry into the lottery of potential projects in the Fort a la Corne region, and engaging Mr. Melvin O'Neil as a consultant with respect to such operations. Instead, the Company will focus its efforts on other pending projects and acquisitions, including gold and other precious metals recovery, the exploration and development of oil and gas deposits including re-completions, and oil well services, in particular the Jackpot placer gold claim and the Pegasus Oil Well Services project.
As announced on March 29th, 2006, Drake Gold Resources, Inc. is planning to spin off all specialty assets used under the Company's previous business model. Discussions are still continuing with a company interested in purchasing these assets and they will update shareholders as soon as developments occur.
Current and potential shareholders are encouraged to sign up for e-mail updates. The new Company website provides current news releases, reports, interviews, industry news and market related information. To sign up, click on the link located under the main menu at www.drakegold.com.
Shareholder inquiries and suggestions are welcome and should be directed to the Drake Gold, Investor Relations Team at (toll free) 1-888-601-9983, at the corporate office 1-310-728-6995, or via email at info*drakegold.com or info*novakcapital.com.
About Drake Gold Resources, Inc.
Drake Gold Resources, Inc. (http://www.drakegold.com) is an early-stage mining and energy company that focuses on the exploration and production of precious metals and energy, such as petroleum and coal. Several projects have been identified through our strategic partner Thunder Gulch Resources, Ltd. and its resources in North America. Recently the company acquired oil well service provider Pegasus Oil Well Services, an established company in the South Texas Area since 2001. http://www.pegasusoilwellservices.com.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contacts: Drake Gold Resources, Inc. Investor Relations Hotline 1-888-601-9983 Drake Gold Resources, Inc. Corporate Office (310) 728-6995 info*drakegold.com info*novakcapital.com www.drakegold.com
SOURCE: Drake Gold Resources, Inc.
mailto:info*drakegold.com mailto:info*novakcapital.com http://www.drakegold.com Copyright 2006 Market Wire, All rights reserved.
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We are pleased to announce the receipt of a line of credit for the development of our film slate and for the acquisition of a high definition production camera by our entertainment business unit, Global 1 Entertainment Group. The restructuring of the entertainment operations has yielded the first financing for our film slate. With the development funds, we can move into securing a script and talent for our upcoming slate.
We recently received marketing and publication funding for our first novels, "The Set-Up" and "The Single Life," and we are in discussion for a long term publishing distribution deal.
The restructuring has positioned SSSU into a more focused and determined company. Our plans for profitability and stability are definitely more achievable now that we are restructuring.
Long Term Financing Plans:
Our long term financing plans to raise up to $25 million to finance our film slate over the next 18-36 months is moving forward. We expect to have a portion of the funding in place shortly using the Principal Protected Investment Notes and trading of a new company on the pink sheets, along with a new warrant issue.
Summary:
The acquisition of the capital necessary to fund the projects is our main business objective. Our new structure gives us the capital to fund our growth, as evidenced by our new line of credit and the marketing and publication funding of our novels. Our future business objectives are to raise capital, acquire talent and develop a portfolio of brands for asset-based financing.
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on SSS behalf. The statements contained in this release are forward looking and may or may not occur due to forces beyond the company's control.
NetCert, Inc. (Pink Sheets:NTCI) announced today that it has completed negotiations to acquire an internet content development company for its entertainment division. The company expects to sign a contract before the end of July and complete the closing upon the receipt of a completed audit of the acquisition. The final purchase price will be based on the value of the assets and the average net profit during the audit period.
The acquisition will also allow the company to enter web based government information distribution and Internet trade malls. The operations have grown from $3.4 million in sales in 2004 to $6.8 million in 2005. The operations are expected to gross $12 million in revenue in 2006 and approximately $15 million in 2007 based on existing agreements.
This type of acquisition will allow the entertainment division to have an inexpensive platform to advertise its operations and distribute its information and immediately allows the company to widen the scope of its divisional plans for music, film and marketing products for global distribution.
Also, sources close to the company state that the resource recovery division has been advised that the general terms for contracts have been agreed upon for its oil treatment project and that construction has begun for the infrastructure required to support the treatment facilities.
Additional details with regard to this acquisition are due out soon.
About NetCert
NetCert, Inc., a Nevada corporation, is a holding company which specializes in investments from the consumer goods, commodities, entertainment and technology sectors.
"Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission."
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July 20, 2006 03:24 PM US Eastern Timezone Pilgrim Petroleum Announces Mid-Year Update to Shareholders IRVING, Texas--(BUSINESS WIRE)--July 20, 2006--Pilgrim Petroleum is pleased to announce its Mid-Year Second Quarter President's Report to shareholders and potential investors is available at www.apetroleum.com.
Here are some additional achievements and highlights:
1) Continue increase on financial ratios. Nearly 500% increase in revenues.
2) We have no debt. Our obligations are solely to our stockholders.
3) Information and Updated well reactivation status and acquisitions
4) Short and Mid-term Plan: Evaluation Report, Audited Financials and Filing on a Canadian Stock Exchange
5) Infusion of more Human Capital
6) Plans to acquire working interest in attractive new prospects
7) Plans to implement drilling/exploration campaign on Pilgrim's property play at the beginning of 2007.
Rafael Pinedo, President of Pilgrim Petroleum Corporation, commented, "Pilgrim Petroleum Management is highly focused on high level results. We will continue to acquire properties and bring our wells on line throughout 2006, building solid foundations."
About Pilgrim Petroleum Corporation.
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation (Pink Sheets:PGPM) is a publicly traded, independent oil and gas company. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests primary on marginal fields. Once acquired, the company intends to redevelop each property to maximize the income from each property by refurbishing and improving the existing production.
Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.
2006 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
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Marmion Industries Corp. Announces Receipt of Letter of Intent of Contract in Excess of $950,000 Friday July 21, 1:00 am ET
HOUSTON, July 21 /PRNewswire-FirstCall/ -- Marmion Industries Corp (OTC Bulletin Board: MMIO - News; Frankfurt: M6IA.F - News) announced today the receipt of a Letter of Intent from JOA Construction of Houston, Texas to perform the HVAC renovations for the DeBakey High School in Houston, TX. Marmion provided a quote which would generate in excess of $950,000, if ultimately accepted by JOA Construction. While Marmion has received oral assurances regarding acceptance of their quote, a final contract is in the final stages of being finalized and has not yet been delivered. Marmion will disclose all terms once a final contact has been signed. A final contract is expected to be signed in the next two weeks. This new project is due to commence in mid to late August with projected completion date in late summer of 2007. "'We are truly excited to join JOA Construction on this new project in as we continuously entrench our company into the commercial sector" said W. H. Marmion, President. ADVERTISEMENT
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
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ASHEVILLE, NC -- (MARKET WIRE) -- 07/21/06 -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) is pleased to announce that their shareholders of record will be receiving a stock dividend in EVSI once they have established a new record date which will be further explained in a letter to the shareholders to be posted on the company website shortly.
Homeland Integrated Security Systems shareholders of record will receive 1 new share of the NASDAQ Bulletin Board Company for every 50 shares of HISC they own as of the record date. Homeland Integrated Security Systems shareholders will maintain their stock ownership of HISC and will receive a dividend in the NASDAQ Bulletin Board Company.
Homeland Integrated Security Systems previously announced that the company will not be merging any of its assets with Evans Systems Inc. and that the Board of Directors has elected to retain 100% of the ownership rights to all their assets, including the Company's flagship product, the Cyber Tracker. Homeland Integrated Security Systems, Inc. will continue to market and sell the Cyber Tracker, in the U.S. and international markets, and will also maintain all of its current distribution agreements.
Evans Systems filed an 8K terminating the merger with Homeland Integrated Security Systems. Despite the termination of the merger agreement with Homeland Integrated Security Systems, shareholders of HISC will still maintain ownership in the New Nasdaq Bulletin Board Company and thus receive their dividend.
About Homeland Integrated Security Systems:
Homeland Integrated Security Systems owns proprietary technology and has the rights to use patents to some of the most innovative and sophisticated security products. Cyber Tracker technology has applications for data and tracking functions across numerous verticals, utilizing IDEN, GSM, and Satellite technologies (CDMA version coming mid-year 2006).
For more information please visit our website www.hissusa.com or contact Matt Maguire 1-866 THE APPL(E).
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. Homeland Integrated Security Systems, Inc. is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
For more information please contact: Matt Maguire 1-866 THE APPL(E) www.hissusa.com
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IGTS (.0026) Details Business Plan That Targets Childhood Obesity -- as Featured on MacReport.net Jul 21, 2006 8:31:00 AM
UPLAND, CA -- (MARKET WIRE) -- 07/21/06 -- Intelligent Sports, Inc. (PINKSHEETS: IGTS) is pleased to announce that CEO and President, Thomas Hobson has been featured on MacReport.net. During the presentation, Mr. Hobson stated that Intelligent Sports, Inc. is a holding company for several sports related businesses. Mr. Hobson also detailed Intelligent Sports, Inc.'s business strategy and provided information about the Company's experienced and knowledgeable management team.
Mr. Hobson discussed Intelligent Sports' primary focus of addressing the national issue of childhood obesity and poor health. Intelligent Sports intends to increase the nutritional, physical, and mental health of children by opening locations throughout the United States that teach children about healthy eating and exercise.
Thomas Hobson has a history of corporate entrepreneurship and has served as an advisor and negotiator for professional athletes and highly successful sports agents. Mr. Hobson currently holds a Bachelors Degree in Engineering and a Jurist Doctorate in Law.
"Parents know that investing in their children's sports and fitness not only helps them become better athletes, but also better students. We want to be a part of that process and provide the necessary resources for the parents and children to succeed," stated Thomas Hobson, President and CEO of Intelligent Sports, Inc.
About MacReport.net
The MacReport.net is an information and media company that provides a web-based forum for public and private issuers to communicate corporate audio and video news content to the business, financial and investing community through its Web site, located at http://www.macreport.net. The MacReport.net also plans to provide creative and production services to develop visual events ranging from live coverage of merger announcements to public relations campaigns to new product introductions.
About Intelligent Sports, Inc.:
Intelligent Sports' vision is to provide organized youth fitness and academic programs under one roof to communities throughout the country. The membership-based, multi-purpose facility will offer youth in the community a wide range of fitness and academic programs. These programs will provide them the springboard to grow athletically and intellectually. Whether it is tutoring, health development, or specialized fitness training -- Intelligent Sports will have something that will meet their general athletic and physical needs. Current planning is underway to launch the initial facility in Southern California by early 2007. Intelligent Sports will launch the business model in other targeted communities throughout the country over the next several years.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
CONTACT: Intelligent Sports, Inc. Investor Relations
-------------------- The difference between genius and stupidity is that genius has its limits
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LVTI (.15)Selected as Major Sponsor for "Miss Universe Pageant" Wrap Party on Sunday, July 23rd "Access Hollywood" and Other Large National Media Outlets to Attend Jul 21, 2006 6:00:00 AM
TUJUNGA, CA -- (MARKET WIRE) -- 07/21/06 -- Luvoo.com (PINKSHEETS: LVTI), a growing online dating company, is pleased to announce they have been selected as the major sponsor for the "Miss Universe Pageant" wrap party. Luvoo.com will use this special event to heavily market their cutting-edge online dating website to beauty contestants, national media outlets such as "Access Hollywood," A-list entertainers and the general public.
Friday, July 21st, Luvoo.com will hand out Red Heart ID tags to all contestants. Their name will appear on the front side and luvoo.com on the back side. The Red Heart ID tags are designed to inform the contestants about Luvoo.com's online dating website and their special representative, "Baywatch" beauty Carmen Electra. Contestants and attendees will also be informed of the company's publicly traded stock, ticker symbol LVTI.
The "Miss Universe Pageant" is famous for featuring the world's most beautiful women representing their country and competing on national television for the ultimate beauty pageant title. This competition has taken place for over 50 years and has been host to the top media outlets and A-list entertainers.
L Yvonne Vanhoek, President of Luvoo.com, stated, "We are honored to be chosen as the major sponsor for the 'Miss Universe Pageant' wrap party. This is part of our ongoing effort to aggressively market our online dating website within the United States and abroad."
Unlike many industries, Luvoo.com's financial model is based on monthly residual revenue from online dating subscribers. Currently, over 60 million Americans are single and could use online dating services. Numbers are greatly larger when factoring in the global online dating experience. Most of these services charge a monthly fee ranging from $12.99 to $29.95. Luvoo.com is FREE for a limited time only. Management projects accelerated residual revenue to follow there after.
For more information please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit the company website at: www.luvoo.com.
About Luvoo.com:
Luvoo.com (PINKSHEETS: LVTI) is a US corporation which is aggressively gaining market share in the online dating industry. The company's strategy for growth is through celebrity endorsement, aggressive large-scale advertising, affiliate business opportunities and patent-pending concepts and technology such as "The Luvoo Dating Card," "Verified Member" and "Instant Notifier."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events
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SCTN (.044) TLC Combines Patent-Pending Technology with State-of-the-Art Software Jul 21, 2006 7:10:00 AM Copyright Business Wire 2006
PHOENIX & LAS VEGAS--(BUSINESS WIRE)--July 21, 2006--
The Loyalty Concept ("TLC"), an international company headquartered in Arizona, has entered into an agreement with Phoenix Technology Holdings Inc. to utilize the SCTN infrastructure to deploy TLC-powered loyalty programs throughout the United States and Canada. The agreement will allow TLC loyalty members to use their existing credit and debit cards, including gift cards, to track and earn rewards. The SCTN system will also allow retailers to offer real-time incentives and promotions at the point of sale. The SCTN system will be marketed to TLC's client base which currently exceeds more than 320 retailers nationwide
About TLC Loyalty
TLC is redefining customer loyalty using patent-pending technology. After identifying that consumers feel no recognition or appreciation when they shop or dine out, TLC invented a solution that delivers improved customer satisfaction. Providing incomparable ease of customer participation, the TLC Loyalty Solution offers an innovative frequent shopper rewards program eliminating additional retail loyalty cards by using existing customer credit or debit cards, including gift cards, to track loyal merchant purchases. What's more, customers get their credit card rewards plus the merchant TLC rewards. TLC also offers the most varied rewards options ... from a broad list of major merchant gift cards to Visa(R) or MasterCard(R) gift cards that act just like money. TLC delivers on its promise: "We Show You the Money, when you show your customers a little TLC." Visit www.tlcloyalty.com and www.tlcmerchants.com for more information about TLC's unique patent-pending programs.
About Phoenix Technology Holdings (United States) Incorporated
Phoenix Technology Holdings provide hosting, development, sales, client implementation, and system support for financial services products allowing clients to deploy sophisticated solutions easily and quickly.
About Smart Chip Technologies (Pink Sheets: SCTN)
Smart Chip Technologies' turnkey customer retention solution, including Loyalty, Pre-Paid Stored Value, Punch Cards, and Gift Cards, enables issuers, acquirers, and merchants to take advantage of real-time programs using their cardholder's existing cards using bar codes, magnetic stripes, smart chips, RFID, Internet accounts, and other consumer electronic devices. The SCTN system is a scalable, high-performance, end-to-end solution that uses an ASP model to customize the system's look and feel to reinforce customer branding. Visit www.sctn.com for information about SCTN.
Disclaimer: Any statements contained in this document that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties.
Source: Smart Chip Technologies
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Smart Chip Technologies LLC Bernard "Mac" McHale 702-314-2076
-------------------- The difference between genius and stupidity is that genius has its limits
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CHDT (.10) Prevails in New York Legal Action Jul 21, 2006 9:20:00 AM
COOPER CITY, FL -- (MARKET WIRE) -- 07/21/06 -- China Direct Trading Corporation (OTCBB: CHDT) (China Direct), today announced Judge Richard M. Berman, U.S. District Judge for the Southern District of New York, ruled in favor of China Direct Trading Corp. yesterday, granting its Motion for Summary Judgment against Celeste Trust, Esquire Trade & Finance, Inc. and Investcor. The plaintiffs had sought their share of a $700,000 promissory note and 7,650,000 shares of stock in China Direct.
In March 2001, CBQ, Inc., the predecessor corporation for China Direct, purchased the assets of two wholly owned subsidiaries of Socrates Technologies, Inc., Technet and Networkland, and provided a $700,000 promissory note and 7,650,000 shares in escrow for eventual release to the purchasers. In a separate legal action in March 2001, the plaintiffs, and their other co-investors, settled with Socrates and agreed that the settlement would operate as a bar to any further claim on the assets of Socrates. In that action the plaintiffs accepted a payment of $1.5 million to settle their claim for their $3.5 million investment in Socrates.
Citing the well-known legal doctrine of res judicata, Judge Berman held that the prior final judgment on the merits against Socrates prevented Celeste and its co-investors from making any further claim against the assets of CBQ or its successors in interest (China Direct). In other words, the court held that the investors in Socrates should not be allowed to have "two bites at the apple."
The conclusion of this action will allow China Direct to remove from its balance sheet any contingent liability related to this matter.
"We are delighted that this litigation has been concluded in our favor," said Howard Ullman, Chairman and CEO of China Direct. "And the company wishes to thank Bart S. Fisher, its prior majority shareholder, for bearing the costs to settle this matter."
China Direct Rich Schineller Tel: +1-941-918-1913
-------------------- The difference between genius and stupidity is that genius has its limits
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SMMW 0.0001 Announces Retained Services of Jack Donnelly, Executive Registrar July 21, 2006 - 8:00 AM EDT
Summus Works, Inc. Announces Retained Services of Jack Donnelly, Executive Registrar & Transfer, Inc. Summus Works, Inc. (PINKSHEETS: SMMW) announced it has retained the services of Executive Registrar & Transfer, Inc. of Englewood, CO. Jack Donnolly, President of Executive Registrar & Transfer, has been engaged to initiate its anti-short selling program in conjunction with the Company's VVV initiative to enhance shareholder value.
"I feel that our short seller program will help Summus Works, Inc. accomplish its initiative to eliminate abusive short selling activities in its stock," said Donnolly.
"We are strongly encouraged by the recent success of Executive's involvement in other companies with similar objectives, and firmly believe that Jack and company will prove strong allies in our commitment to increase shareholder value," said Summus Works President Dan Burgess.
Summus Works, Inc. (PINKSHEETS: SMMW) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.summusworks.com.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Source: Market Wire (July 21, 2006 - 8:00 AM EDT)
-------------------- The difference between genius and stupidity is that genius has its limits
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RVEM .0001 Raven Moon Extends Exercise Date of Exempt from Reverse Split Warrants to July 31, 2006; Company Gives Brokers and Shareholders a 7-Day Grace Period to Regain Their Positions Lost by the Reverse Split Business Wire - July 21, 2006 8:31 AM (EDT)
ORLANDO, Fla., Jul 21, 2006 (BUSINESS WIRE) -- Raven Moon Entertainment, Inc. (OTCBB:RVEM) announced today that because of the many requests from shareholders and brokers to extend the exercise date so they can exercise their exempt from reverse split warrants, the company's Board of Directors has passed a resolution to extend the exercise date to July 31, 2006.
The company also reminded its shareholders that they can reduce the effect of the 1-for-20 reverse split which occurred on July 17, 2006 by exercising the 40-for-1 exempt warrant to purchase restricted shares by July 31, 2006. A reverse split effective July 17, 2006 affected the current warrant offering. The number of warrants were also reduced by the same 1-for-20 ratio as the outstanding common shares.
"The founders of the company recently exercised our 40-for-1 warrants to protect our position in the company," stated Joey DiFrancesco, Chairman and CEO. "Shareholders who exercise their 40-for-1 warrants are helping the company execute its business plan for long-term shareholder value and helping themselves because the exemption of restricted shares purchased as a result of exercising the current warrant protects the shares from any potential reverse split that may occur in the 12 months following the date on the new restricted share certificates."
40-for-1 Warrant Terms and Exercise Instructions
The terms of the warrant dividend are: shareholders of record as of May 19, 2006 shall receive 1 warrant for each share of common stock owned as of that date. The warrant allows the shareholder to exercise 40 shares of common restricted stock for each warrant they own and exercise during a two-month window beginning May 25, 2006 to July 31, 2006 at a 40% discount of the closing bid price on the day their check is dated. Common shares purchased as a result of exercising warrants will be restricted for one year. All transactions when accepted by the company are final and irrevocable.
If your account is with a broker, send a copy of your account statement to Raven Moon Entertainment, 2005 Tree Fork Lane, Suite 101, Longwood, FL 32750 no later than July 31, 2006 verifying the number of shares you owned in your account as of May 19, 2006. Indicate the number of warrants you would like to exercise at a 40% discount of the closing bid on the day you write your check and make it payable to Raven Moon Entertainment, Inc.
Shareholders or brokers who need further information on how to exercise these warrants may contact Carol Merry at Fahlgren Mortine Investor Relations at (614) 825-1750 or by email: carol.merry*fahlgren.com.
Safe Harbor Act Notice: This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum or prospectus. Specifications are subject to change without notice.
SOURCE: Raven Moon Entertainment, Inc.
For Raven Moon Entertainment, Inc., Orlando Fahlgren Mortine Investor Relations Carol Merry, 614-825-1750 carol.merry*fahlgren.com
Copyright Business Wire 2006
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RSHN (.0023) Announces Increase of Book Value of Its Investment into Meritage Beverage Group of California Jul 21, 2006 9:37:00 AM Copyright Business Wire 2006
BLUE ISLAND, Ill.--(BUSINESS WIRE)--July 21, 2006--
Chicago-based RushNet, Inc. (Pink Sheets:RSHN), brand owner of e-water(TM) and the marketing company for Rush Beverage Co. announces an increase in the book value of its investment into Meritage Beverage Group of CA. A year ago, RushNet made a cash infusion into Meritage Beverage Group for 5% ownership.
In his investment report to RushNet, Meritage's President and CEO, Jim Clements, was pleased to inform the increase of the book value of RushNet's investment into Meritage by approximately 25%. Further to the reporting is the following:
Gentlemen,
1. We have over 10,700 case of our own brand of delSol wines that we blended, and bottled. 2. Meritage is 50% owner of Global-e-Selections and we have sold 15 containers of our Italian wines this year. 3. We are working with a Canadian Company and making a presentation next month for our new Tetra Prisma Organic portfolio of wines. 4. We have a new contract with the Swedish Monopoly for 12,500 cases which will provide $345,000 per year in revenue to Meritage. 5. We have begun making full presentations and tastings with all of the major retail chains.
RushNet CEO Bob Corr, comments, "The investment into Meritage is paying off. Not only with the increase in the value of the investment, but more so, with the increase in the Meritage brand recognition in the international market place, Jim is doing a fine job. Refining his sourcing and importing skills with bulk wines from around the world, he has increased sales of his custom and in-house bottled wine brands as well. We also continue to move forward together to collaborate on the completion of our herbal wine line's development. The years of hard work are finally bearing fruit".
Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Source: RushNet, Inc.
----------------------------------------------
RushNet Inc. Robert Corr 708-389-6625 rushbev********** www.enjoytherush.com or Christie Communications Tim Sanchez 805-962-1347 tsanchez*christiecomm.com
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(EDGAR Online via COMTEX) -- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 21, 2006
NewMarket Technology Inc. -------------------------------------------------------------------------------- (Exact name of registrant as specified by its charter)
Nevada 00-27917 65-0729900 ------------------------- ------------------------ ------------------------ (State or other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification Number)
14860 Montfort Drive, Suite 210 Dallas, Texas 75254 ---------------------------------------------------------- (Address of Principal Executive Offices)
(972) 386-3372 ---------------------------------------------------------- (Issuer's Telephone Number, Including Area Code)
Copies to: Andrea Cataneo, Esq. Stephen M. Fleming, Esq. Sichenzia Ross Friedman Ference LLP 1065 Avenue of the Americas New York, New York 10018 Phone: (212) 930-9700 Fax: (212) 930-9725
----------------------------- Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[_] Written communications pursuant to Rule 425 under the securities Act (17 CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS
NewMarket Technology Inc., announced a new contract with a Fortune 100 Global Enterprise. The Company will implement a knowledge management system and web based e-learning solution. The three year contract is a significant expansion with an existing client and is expected to result in a substantial increase to NewMarket's total revenue.
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NEWMARKET TECHNOLOGY, INC.
Dated: July 20, 2006 By:/s/Philip Verges -------------------------- Name: Philip Verges Title: CEO
EXHIBIT 99.1
Press Release
NewMarket Technology, Inc. Signs Contract with Fortune 100 Global Enterprise
Upcoming Latin America Trade Mission to Feature New Client
DALLAS--(BUSINESS WIRE) July 20, 2006 - NewMarket Technology, Inc. (NMKT) today announced a new contract with a Fortune 100 Global Enterprise. The Company will implement a knowledge management system and web based e-learning solution. The three year contract is a significant expansion with an existing client and is expected to result in a substantial increase to NewMarket's total revenue.
The new contract was signed by NewMarket's regional operation in Latin America. The client is Petroleos de Venezuela, S.A. (PDVSA), the Venezuelan state-owned petroleum company. PDVSA is one of the top suppliers of oil to the United States. Venezuela has the largest hydrocarbon reserves in the Western Hemisphere, representing approximately half the region's reserves, which positions the country as fifth in the world in proven reserves. PDVSA production exceeds 3 million barrels a day with current capacity to expand to 4 million barrels per day. PDVSA owns Citgo and operates 14,000 retail gas stations in the US. PDVSA has forecasted US$75 billion in revenue in 2006. PDVSA invests over US$400 million a year in IT. The current contract with NewMarket is valued between US$7 and $10 million over three years.
NewMarket has operations headquartered in Venezuela and Brazil with over US$20 million in forecasted revenue in 2006. NewMarket plans to aggressively expand operations in the Latin American region. In conjunction with the Company's business development plans, NewMarket will host a Trade Mission for interested investors to learn more about NewMarket's Latin America expansion to include direct investment opportunities in the NewMarket Latin American subsidiary. The Trade Mission is scheduled for the 20th of August with a duration of 10 days. The Trade Mission delegates will visit NewMarket operations in Sao Paulo, Brazil; Santiago, Chile and Caracas Venezuela. To learn more about the Trade Mission or future Trade Mission opportunities please contact Karin Gil at kgil*newmarkettechnology.com or (972) 386-3372 ext. 3066.
About NewMarket Technology Inc. ( www.newmarkettechnology.com ) NewMarket has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions. Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. The Company has achieved three years of rapid, profitable growth from $2.3 million in revenue in 2003 to over $50 million in 2005.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact: NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
Jul 20, 2006
(c) 1995-2006 Cybernet Data Systems, Inc. All Rights Reserved
-------------------- "Great Day for Up!"....Dr. Seuss
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QTCE (.0025) Anticipates Expanded Beta Testing of New ****ging and Behavioral Modeling Systems Jul 21, 2006 10:11:00 AM 2006 PrimeZone Media Network
LONDON, July 21, 2006 (PRIMEZONE) -- Quantech Electronics Corp. (Pink Sheets:QTCE), software developer for marketing communications, announced today that Quantech expects to expand the order from S.M.A.R. Infrastructure for the beta version of Quantech's new ****ging and behavioral model systems to additional construction product manufacturers.
Quantech anticipates that its initial $350,000 order from S.M.A.R Infrastructure will be expanded to cover additional factories and service centers of the parent company. Quantech provides comprehensive training for its new business-****ging technology and behavioral modeling system, that helps businesses identify and target consumer groups based on behavioral parameters. The beta version of Quantech's new system is currently being installed in Ytong factories (and Quantech expects additional installations in other Xella brands (www.xella.com). Xella International is a leader in the European construction materials and raw materials market with several major brands based on lime and limestone, including Fermacell (gypsum fibre boards), Multipor (mineral insulating boards) and Aestuver (fire protection boards), in addition to Ytong.
"Implementing the beta tests in a broad range of markets is an excellent source of important feedback from our clients who use this new system in different marketing missions. Our clients will benefit from the state-of-the-art technologies that went into the development of this advanced marketing system, and will very quickly reap concrete results in their marketing campaigns using our new system. The final version of the system will be released by the end of the year, and will include several additional developments, as well as the conclusions from the beta tests," says Liat Matilsky, CEO of Quantech.
About Quantech
Quantech Electronics Corp. is a web-based software development company based in the UK that offers development services focusing on web-based desktop communication tools, call center support tools, and development packages designed to enhance the effectiveness of web-based advertising and instant messaging. 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
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Juice, I didn't see if you had posted this.
I want to ask you about this in the BIGN thread. ************************************************* Biogenerics Limited Comes to Agreement with N-C02 Technology Company
By PrimeZone Last Update: 7/20/2006 2:16:40 PM Data provided by
TYLER, Texas, Jul 20, 2006 (PRIMEZONE via COMTEX) -- Biogenerics Limited (Pink Sheets:BIGN) announced today that the company has come to an agreement with a "state-of-the-art" oil and gas recovery company. Recognizing the demand of an energy thirsty-nation, Biogenerics has forwarded in good faith an initial investment to procure the deal.
Every oil producer's goal is to achieve increased oil production with the least amount of cost possible. By using nitrogen and carbon dioxide gas injection units to "pump up" and re-pressure wells, this proven technology is able to significantly increase oil output from these assets. There is a great need for enhanced oil and gas recovery among independent producers. By introducing this diverse method BIGN now possesses the ability to work a large percentage of wells that are in production that do not hold the characteristics to accept a hydro-slot technology.
James Lancaster, CEO commented, "The (N-C02) method will compliment the company's standing in the industry to now handle well production enhancement in all areas of the oil and gas industry. This broadens our ability to expand our endeavors while potentially strengthening the company's financial position."
Biogenerics will work closely in the "field" along with this (N-C02) oil and gas recovery technology and follow up on all results and any other pertinent developments.
Further details regarding this agreement will be released as they become available.
Website: http:/www.bignltd.com
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy and Hydroslotter Corporation.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
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PFNC (.32)Negotiates Agreement to Sell 12.2 Million Metric Ton Allotment (Approximately 90 Million Barrels) of Russian Export Blend Crude Oil ("REBCO") Jul 21, 2006 11:21:00 AM
PALM SPRINGS, CA -- (MARKET WIRE) -- 07/21/06 -- ParaFin Corporation (OTCBB: PFNC):On June 20th, 2006, and approved by the Board of Directors on July 12th, 2006, ParaFin Corporation (the Company) signed an Agreement directly with OY Coral Marine Management, Ltd. a company organized under the laws of Finland (OY Coral (the Purchaser)) whereby ParaFin agreed to buy a 12.2 million metric ton (88,864,800 Bbls.) allotment of Russian Export Blend Crude Oil ("REBCO").
Frank Saez, Asset and Portfolio Manager for the company, has received several Letters-of-Intent and two (2) signed Corporate Offers for the sale of 12.2 million metric tons (approximately 88,864,800 million barrels) of REBCO. The Asset Manager and the Company are currently evaluating the buyers and the Terms and Conditions offered thereby. Bank confirmations and commitment of the transaction will take approximately next (2) two weeks to evaluate.
The Company is considering dividing their current REBCO capacity among several buyers to expand its client base. The Company is marketing the product with traditional Terms and Conditions. The Buyers will be required to secure the transaction with an Irrevocable Documentary-Letter-Credit for the cargo-by-cargo payment on Free-on-Board (FOB) basis. In addition the Buyer will place a 2% Performance Bond when the Buyer is arranging for transport Vessels. This will eliminate any potential costs the Company may incur in delivering the product to the terminal with vessel no-shows. Primarily, most transactions will be on a FOB, however, some transactions will require Carrier Insurance Freight (CIF) to Europe.
After the 12.2 million metric tons (88,864,800 bbls) of REBCO has been sold, the terms of the Agreement between ParaFin and the holders of the Preferred Shares allow Parafin to retract and/or redeem the Preferred shares at the price the REBCO was sold less $5 per barrel to be retained by the Company. The Company will pay some selling costs when the Oil is sold. All transactions executed by the Asset manager are subject to consideration and approval by the Board of Directors as evidenced by a signed Corporate Resolution.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to those, set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
ParaFin Corporation Telephone: (877) 613-3131 Facsimile: (866) 613-3131 Internet Web Site: www.parafincorp.com E-Mail: ceo*parafincorp.com
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PlanetLink Appoints Jeff Bienenstock as Director of Business Development CUMMING, Ga., July 21, 2006 (PRIMEZONE) -- PlanetLink Communications, Inc. (OTCBB:PLKC), a provider of GPS satellite-based products and services, announced today that Jeff Bienenstock was appointed as Director of Business Development and Agent Programs. Jeff will be replacing Larry LaPaglia as Director of Agent Programs.
Jeff has consistently displayed his ability to close sales over the past seven years. He will be bringing new energy in business development at PlanetTRAKS. Jeff will be working with Gregory Genung, Manager of Business Development at Karta Technologies, to share case studies and strategies that are successful in selling the Fleet Tracking Systems.
M. Dewey Bain, President of PlanetLink, stated, "We are very pleased with the recent successes including Karta's appointment of Gregory Genung and the subsequent signing of their first three clients. R&R's consistent success as a sales team these past few months has shown us we should be able to sell 600 units per year for each salesperson we hire. We believe that Jeff will be able to develop new business for TransTRAK, as our in-house business development director. We are building on our recent successes to grow our annual revenues and increase shareholder value as we get closer to profitability."
About PlanetLink Communications, Inc.
PlanetLink Communications, Inc. recently launched its TransTRAK(tm) product through its wholly owned subsidiary, PlanetTRAKS. The Company is developing a family of GPS-enabled products and services under the PlanetTRAKS name. TransTRAK(tm) is the first of these products and is the Company's turn-key solution for real-time, mobile asset management. From tracking vehicle speed and location in real-time to controlling vehicle functions through remote access, TransTRAK(tm) allows the customer to actively monitor and manage virtually any type of mobile asset. For more information on PlanetLink, please visit the company's Website at: http://www.planettraks.com
Information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis" or "Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request.
CONTACT: PlanetLink Communications Inc. Dewey Bain, President (210) 442-2404 www.planettraks.com
CDG Investments Inc. Receives Final Settlement 7/21/2006
CALGARY, ALBERTA, Jul 21, 2006 (CCNMatthews via COMTEX News Network) -- CDG Investments Inc. (CNQ:CDGI) (OTCBB:CDGEF) ("CDG") has received a total of $400,800 Cdn. pursuant to a settlement agreement entered into in 2004 and a share sale. Under the settlement agreement CDG would receive $800,000 over four years ($200,000 upon execution of the agreement and $200,000 in each of June 2005, 2006 and 2007). The amount received represents the June 2006 payment and the discounted value of the June 2007 advance payment as well as consideration for CDG's remaining interest in Blackcomb Mining Ltd. (formerly Waddy Lake Resources Inc.).
"Barbara O'Neill" Barbara O'Neill Corporate Secretary
This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities, or a solicitation of proxies, in any jurisdiction, including but not limited to, the United States. The CDG Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of CDG's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of CDG. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause CDG's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in CDG's filings with the Canadian securities authorities. Accordingly, holders of CDG shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. CDG disclaims any responsibility to update these forward-looking statements.
SOURCE: CDG Investments Inc.
CDG Investments Inc. Barbara O'Neill Corporate Secretary (403) 233-7898
Copyright (C) 2006 CCNMatthews. All rights reserved.
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LKA International Inc. (OTCBB: LKAI) announces that it has received a joint-venture proposal from Cambior Inc. (AMEX: CBJ) for the further exploration and development of LKA's Golden Wonder mine located in Lake City, Colo.
As anticipated by both companies, there are still a number of details to be worked out before the terms of the proposal are released. LKA and its consultants are currently engaged in an evaluation of the proposal and will disclose the specific terms upon completion of this process.
About LKA
LKA International Inc. ("LKA" or the "company") is a natural resource development company based in Gig Harbor, Wash., which owns 100% of the Golden Wonder and Ute Ule mines, both located in Colorado. The company's primary asset is the Golden Wonder gold mine, a producing, high-grade mine located near Lake City, Colo. The company currently leases the property to Au Mining Inc. for which it receives a 10% net smelter royalty. The company's contract with Au Mining to operate the mine at the existing levels (3 through 6) expires in September 2008. At this time, LKA and Au Mining have not reached an agreement to extend the existing lease/operating agreement beyond 2008.
Gold Production
To date the Golden Wonder mine has produced 125,938 ounces of gold from ore with an average grade of 14.26 oz/ton Au. The average grade of ore has generally increased at depth. Over the past two years, the Golden Wonder mine produced 41,984 ounces of gold at an average grade of 17.36 ounces per ton of ore mined. The mine has consistently produced an average ore grade of 15.63 ounces per ton over the trailing five-year period.
LKA plans to expand production at the Golden Wonder through additional development work over the next several years and increase its interest to at least 50% of the net profits. The company's development plans are subject to a number of conditions including, but not limited to, favorable financing terms/availability, permits, favorable geology, etc. There can be no assurance that LKA will be successful in this endeavor.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
EPOD Announces Name Change Filed With S.E.C. 7/21/2006
RENO, NV, Jul 21, 2006 (MARKET WIRE via COMTEX News Network) -- EPOD International Inc. (the "Company," "EPOD") (OTCBB: EPOI) (FRANKFURT: EDU), a developer of advanced energy management technologies and solar panel manufacturer, announces the Company has filed a Form 14C with the Securities and Exchange Commission.
Further to EPOD's announcement of May 8, 2006, regarding its intent to conduct a name, symbol, and CUSIP change, Management reports the Company has filed the required Form 14C with the S.E.C.
The Company has elected to conduct a name change to more accurately reflect its current business concentration in the manufacturing, sale, ownership and operation of advanced, turn-key, solar power systems and related components. As a function of the Company's intended name change, EPOD is required to secure a new CUSIP number and file an information statement with the Securities & Exchange Commission, as well as distribute the information statement to its shareholders. Both the Company's new name and CUSIP will be announced at a later date in connection with required regulatory filings.
L. Mark Roseborough President EPOD International Inc.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Statements about EPOD's future expectations, including future revenue, earnings, and transactions, as well as all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. EPOD intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are detailed from time to time in the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Company's 10-KSB for year ended December 31, 2005 filed on or about April 17, 2006, and incorporated herein by reference.
About EPOD: EPOD International Inc. is a leader in the development of advanced energy management technologies with real-world market applications. The Company's patent-pending 'Energy Pod' technology manages and manipulates electrical energy such that utilization of DC-electric battery power becomes significantly more efficient. EPOD's patent-pending and proprietary technologies are applicable to a wide variety of industries and applications, and are available through licensed OEM's and directly to end-users.
The Company's filings, including current financial reports, can be accessed through the EDGAR database at www.sec.gov.
For more information please contact: Brett Walker Telephone: (604) 669-0600 Fax: (604) 662-0672
SOURCE: EPOD International Inc.
Copyright 2006 Market Wire, All rights reserved
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EYII (.0105)Announces Letter of Intent With Mach 3 Technologies Group, LLC Jul 21, 2006 2:02:00 PM 2006 PrimeZone Media Network
BURNABY, British Columbia, July 21, 2006 (PRIMEZONE) -- EYI Industries Inc. ("EYI") (OTCBB:EYII), (http://www.StopDrinkingPoison.com), a marketer of products that promote well-being and a healthy lifestyle, is pleased to announce entering into a non-binding letter of intent with Mach 3 Technologies Group, LLC ("Mach 3") to obtain exclusive marketing rights for its Ultimate ME 2 product, which claims to reduce emissions and save fuel. Prior to entering into a definitive agreement for the distribution of Ultimate ME 2, EYI has requested that Mach 3 obtain EPA registration and testing for product efficacy.
Dori O'Neill, Chief Operations Officer, states, "Ultimate ME 2 is a product that has been developed to reduce gas consumption and lower emissions in gasoline and diesel cars and trucks. In my experience, there are many of these products that claim to produce results and don't deliver on their claims. The Mach 3 Technologies Group LLC team are in the midst of obtaining the EPA registration and the recognized independent laboratory testing that we need to bring this product to the market. Our common goal is to sell a product that will save North Americans money, reduce exhaust emissions and lower our dependency on foreign oil."
Dennis Leung, President of Mach 3 Technologies Group LLC, states, "I have found the channel and company for our Ultimate ME 2 product. I have been working to perfect this product in the principle of harnessing the forces of nature for 8 years. At Mach 3 we are committed to making a better world. We want to see less dependency on oil cartels, less emissions and more money in the consumer pocket book. I believe that EYI has the channel and leaders to bring this product to market. Together with EYI, upon the finalization of proper testing, we may meet these important goals."
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit the EYI Industries IR Hub located at http://www.agoracom.com/IR/EYI Alternatively, investors can e-mail AGORA Investor Relations directly at EYII*Agoracom.com.
About EYI (http://www.StopDrinkingPoison.com)
EYI Industries Inc., through our subsidiary Essentially Yours Industries, Inc. (EYI), markets products that promote health and well-being. Recently, EYI launched a consumer product that removes Arsenic and other contaminates to a negligible level from drinking water. The portable water filtration product's name is Code Blue(tm) and is exclusively provided to EYI. In addition, EYI sells dietary supplements and personal care products. A large portion of our sales are from CALORAD(r), a liquid protein supplement that has brought weight loss benefits to our customers. More than six million bottles of CALORAD(r) have been sold since EYI was founded in 1995. Our newest product, PROSOTEINE(r), is experiencing similar success to CALORAD(r) and bringing our customers the benefits of a natural Energy drink.
EYI markets its products through an extensive network of Independent Business Associates. Our sales force is staffed by knowledgeable, experienced men and women and supported by our comprehensive training programs.
This press release contains forward-looking statements, particularly as related to, among other things, EYI's product purchase agreements and EYI's business strategy. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause EYI's actual results, performance or achievements, or developments in its industry, 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 risks and uncertainties related to the enforceability of its product purchase contracts in foreign countries, the performance of EYI's staff, management, financing, competition, EYI's ability to implement or manage its expansion strategy, general economic conditions and other factors that are detailed in EYI's Annual Report on Form 10-KSB and on documents EYI files from time-to-time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. EYI cautions readers not to place undue reliance on such statements. EYI does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from the EYI's expectations and estimates.
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I'm all for alternative energy. However, I question the current administration's sincereity when it says "we are addicted to oil!" After all, this guy is an oil man. His family earned it's fortune in the oil bidness. Forty-one (41) members of his cabinet were/are in the oil bidness. Do you think he's going to bite the hand that feeds him? IF alternative energy ever blossoms you can rest assured it won't do so until AFTER THEY leave Washington...
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