Americana Distribution, Inc. Announces Positive Initial Performance Elk Lighting, Inc.'s Historic Royal Palaces of England Brand Market Wire - July 25, 2006 9:08 AM (EDT)
MANALAPAN, NJ -- (MARKET WIRE) -- Jul 25, 2006 -- Americana Distribution, Inc. (OTCBB: ADBN) and its subsidiary, Americana Licensing, Inc. (R & R Licensing Holdings, Inc.), today announced it is encouraged by the initial performance of the Historic Royal Palaces of England name that has been licensed to Elk Lighting, Inc.
"Since Elk Lighting acquired the Royal Palaces of England brand, reports are that the line is succeeding and the company anticipates that the line will continue to expand," said Robert Greener, president of Americana Licensing, Inc. "Although it is very early in the life of Historic Royal Palaces of England and Elk Lighting, we're very encouraged by the initial indicators. I anticipate the lighting collection to be the cornerstone to a fabulous home decor collection."
Elk Lighting, based in Nesquehoning, Penn., is a premier retail supplier of high-quality imported and domestic lighting fixtures. Its product line is manufactured in their own factories and features only exceptional materials from world-renowned designers. The company has a long-time reputation of bringing to market Europe's finest lighting fixtures and accessories.
Elk's Historic Royal Palaces line includes the "Hampton Court Palace Collection," and the "Tower of London Collection." Americana Licensing is a license and royalty management company. The company's main focus is the implementation and expansion of comprehensive licensing programs designed to maximize royalty income for its clients. The company manages all aspects of royalty collection and distribution for its clients and sells licenses on their behalf.
"The Historic Royal Palaces of England brand represents the grace and style of the historic British nobility, which is reflected in Elk Lighting's lines representing the Royal Palaces name," said Greener. "The history, culture and grand lifestyle of historical monarchs from Henry VIII to Queen Victoria to today are found in the Elk's Historic Royal Palaces of England line."
Greener said there are numerous additional opportunities Americana Licensing is exploring for the Historic Royal Palaces brand including drapery, linens, housewares and furniture.
About Americana Distribution, Inc.
Americana Distribution, Inc. has been involved in the multimedia publishing industry primarily in the areas of publishing and selling audio and print books in a variety of genres. Product sales have been conducted through a distribution network of retail stores, libraries and truck stops. Through its recent acquisition of Americana Licensing, Inc., manages licensing programs for corporations, brand owners, celebrities, athletes, inventors, artists, and designers. Based in the heart of New York City, the company possesses extensive resources to help in the successful building of major brands, trademarks, products, characters, inventions and more. The company has established itself as a leader in licensing world heritage brands based on museum and palace properties, including the Historic Royal Palaces of England and the St. Petersburg Russian Museum Collection. Additionally, the company manages licensing programs for children's, corporate, celebrity, and other brands. Americana Licensing, Inc. was founded by pioneers of licensing and other industries with a history reaching back over 30 years.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices and other factors discussed in the company's various filings with the Securities and Exchange Commission.
Contact:
William A. Sherman (212) 750-5001
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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IBAC Corporation Reports June Revenues and Responds to Shareholder Inquiries Business Wire - July 25, 2006 9:01 AM (EDT)
NEW YORK, Jul 25, 2006 (BUSINESS WIRE) -- IBAC Corporation (PINK SHEETS: IBCX) today reported revenues for the month of June of $702,246.87 these revenue figures are based upon internal records and have not been verified by the company's independent accountants and auditors.
The company has had several inquiries regarding the current share structure of the company; it has not changed and is as stated on the company website www.ibaccorp.com under corporate info. The company has not filed for any new 504/Reg D to increase the share structure or to sell any new shares into the market; this also can be verified at www.sec.gov.
The company has still not completed its Financial Statements due to a combination of reasons, we are working with our current auditors to get them done, we have set a definitive dead line and if they are not completed we have a back up plan that we will implement by the end of the month.
The company continues to look at additional acquisitions and additional ways to increase revenues as we have not lost sight of our plans of becoming a fully reporting company with significant revenues and assets.
All of the stated assets of the company are real with title being held in the company's subsidiaries names and are all a matter of public record within the States we operate Arkansas, Tennessee and Florida, The Company provides employment for over 150 people that work at our properties, work with pride and management appreciates their loyalty and hard work.
Over the past month or so the company has made extensive improvements to its Memphis Hotel property thus increasing its value to approximately 4.8 to 5.2 Million Dollars a significant gain in equity considering we purchased the property for 1.9 Million about a year ago. We are also spending monies for improvements at our other locations thus enhancing there equity also.
"The Company is alive and well and we intend to fulfill our dreams and aspirations regardless of what it takes, the company has real assets, real employees and real revenues and regardless of any obstacle we expect to achieve our goals, we are discouraged that our audited financial statements are not yet done, but we will prevail and get them done," said Wayne Burmaster, President, IBAC Corporation.
Mr. Burmaster also stated, "we are still here doing business and are not going away, we will achieve our stated goals regardless of time or hurdles put before us, if any shareholder wants to speak regarding questions or concerns please feel free to contact me at my personal email: w.burmaster*ibaccorp.com and I will answer you as soon as I can."
IBAC Corporation is a New York-based holding company operating through its subsidiaries within the Hotel, Food Service & Restaurant industries. IBAC now has operations in Florida, Tennessee & Arkansas. For more information, please visit: www.ibaccorp.com.
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.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Quatech Delivers Industrial-Class 802.11 Wireless Connectivity to ImpressionAire Digital Washroom Advertising System Business Wire - July 25, 2006 9:09 AM (EDT)
HUDSON, Ohio, Jul 25, 2006 (BUSINESS WIRE) -- Quatech Inc., a wholly-owned subsidiary of DPAC Technologies Corp. (OTCBB:DPAC) and a leader in embedded 802.11 wireless OEM solutions, today announced that it was selected by Impressionaire, LLC for integration into its digital washroom advertising system.
ImpressionAire installs advertising systems in high profile, high traffic public washrooms and displays high quality digital ads that rotate every few seconds on a high tech 12" flat panel screen. The unique system uses Quatech's Airborne Wireless Ethernet Bridge module to connect to a central server to receive instructions about the advertisements and public service announcements they are to display. The use of 802.11 wireless technology provides a significant cost savings in comparison to having to extend Ethernet cables into washroom facilities.
"Key to our decision to choose Quatech was the instant support and responsiveness that is critical to a new business," said Linda Cordova, President of ImpressionAire. "In addition, quality and performance are paramount in a public access environment and Quatech's products and support team easily meet our requirements."
Another important reason for Quatech's inclusion in the digital washroom advertising system is the Airborne module's industrial class specifications. With extended operating temperatures of -40 degrees to +85 degrees C and added shock and vibration tolerance, the Airborne module withstands the heavy duty and repeated use of ImpressionAire's full-featured hand dryer.
"As a leading supplier in machine-to-machine connectivity, Quatech is pleased our 802.11 wireless technology was chosen for such an innovative system," said Steve Runkel, CEO of Quatech. "This is another example of the exploding growth in 802.11 wireless devices being deployed in common, everyday products, and Quatech is well positioned to support that growth."
Quatech supplies its industrial class line of 802.11 wireless device servers, ethernet bridges and embedded 802.11 wireless modules to leading OEMs in the transportation, medical diagnostics, material handling and defense industries. The product line features extended operating temperatures, added shock and vibration tolerance, advanced security standards, compact form factor, low power modes and a five year warranty.
ImpressionAire digital washroom advertising systems deliver ads to two product families, full featured hand dryers and digital display screens, and can be customized for male or female washrooms and even further targeted to specific areas within the venue.
About Quatech
Quatech high performance device networking & connectivity solutions help companies improve their bottom line performance. Quatech enables reliable machine-to-machine (M2M) communications via secure 802.11 wireless or traditional wired networks with industrial grade embedded radios, modules, boards and external device servers. For local and mobile connections, Quatech serial adapters provide device connectivity and port expansion via any interface option. Satisfied customers rely on our unique combination of performance and support to improve bottom line performance through the highest application quality and lower total cost of ownership (TCO). Quatech markets its products through a global network of distributors, resellers, systems integrators and original equipment manufacturers (OEMs). Founded in 1983, Quatech is headquartered in Hudson, Ohio, and merged with DPAC Technologies Corp. (OTCBB:DPAC) in February 2006. www.quatech.com.
About Impressionaire, LLC
ImpressionAire Media, a privately held Illinois-based Company, developed the first integrated high performance automatic warm air hand dryer with a high resolution 12" digital screen, capable of displaying still image advertisements to a captive audience in public washrooms. The company has developed a proprietary Ad Delivery System to manage and deliver image content customized to each advertiser. The units are connected to DSL or Broadband via an Ethernet or WiFi connection. Ads are downloaded overnight to provide advertisers with unprecedented flexibility. Ads can be customized for male or female washrooms and even further targeted to specific areas within the venue. Advertising rates are based on the number of impressions that are delivered at each venue. ImpressionAire selects locations that are high traffic and high profile giving advertisers the optimal impact and recall rates. Sites include Shedd Aquarium, Allstate Arena, Rockford Airport and Hollywood Casino in Chicago. The company recently announced expansion plans through an exclusive territory distribution program. ImpressionAire Aruba, servicing Aruba, Curacao, Bahamas, St. Martin, Barbados, Bonaire and Puerto Rico began operation in July 2006, installing their first units in the Marriott Aruba. www.impressionaire.com
Forward-Looking Statements
This press release includes forward-looking statements. You can identify these statements by their forward-looking words such as "may," "will," "expect," "anticipate," "believe," "guidance," "estimate," "intend," "predict," and "continue" or similar words or any connection with any discussion of future events or circumstances or of management's current estimates or beliefs. Forward-looking statements are subject to risks and uncertainties, and therefore results may differ materially from those set forth in those statements. More information about the risks and challenges faced by DPAC Technologies Corp. is contained in the Securities and Exchange Commission filings made by the Company on Form S-4, 10-K, 10-Q and 8-K. DPAC Technologies Corp. specifically disclaims any obligation to update or revise any forward-looking statements whether as a result of new information, future developments or otherwise.
SOURCE: Quatech Inc.
Quatech Inc., Hudson David Burleigh, 330-655-9000 david.burleigh*Quatech.com
Copyright Business Wire 2006
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Faith Dawn Holdings, Hong Kong, to Open Asia Markets for Manakoa Services Security Products PrimeZone Media Network - July 25, 2006 9:15 AM (EDT)
By Staff
KENNEWICK, Wash., Jul 25, 2006 (PRIMEZONE via COMTEX) -- Manakoa Services Corporation (OTCBB:MKOS) a security technology company and a developer of enterprise risk management solutions focused on regulatory compliance, has appointed Faith Dawn Holdings Limited, Hong Kong, as its exclusive sales agency to bring its anti-counterfeiting DNA and optical technology products to the vast Asian markets.
Jonathan Pollon, President of Faith Dawn Limited, said, "We have a first class team of Asia business experts, who work intimately with the government agencies as well as several major manufacturing companies in The People's Republic of China, Hong Kong, Malaysia, Macau, Indonesia, and the Philippines. There is a substantial demand for brand protection for domestic products produced in these countries, including health care/pharmaceuticals, beauty products, apparel, luxury goods, fine art and collectibles and the automotive industry. Manakoa's security technology in forgery proof packaging and labeling, and its anti-diversion supply chain management products have great application throughout Asia."
Mr. Pollon, an attorney and experienced Asia business executive, has an extensive career in corporate consulting for public and private companies in finance, business, government affairs, medical, media as well as the security/defense markets.
Chris Outwater, President of Manakoa said, "Faith Dawn's management team and expertise in matching our security products with appropriate government and corporate needs is opportune and we are excited about executing our joint business plan."
About Manakoa Services Corporation.
Manakoa is a developer and supplier of DNA marking and optical security technology for high value products and brand names that are under siege by counterfeiters. Manakoa provides risk management consulting through product authentication and advanced world-wide track and trace technologies that provide manufacturers with supply chain fidelity for their products from point of manufacture to final sale.
About Faith Dawn Ltd, Hong Kong.
Faith Dawn Holdings Limited is a Hong Kong Company which represents several companies whose products have a proven track record in the commercial marketplace. Current clients are located in China, Hong Kong, the Philippines and the United States.
Forward-Looking Statements
Except for historical information contained herein, the matters set forth in this press release, such as statements relating to the Company's ability to drive technological developments and the acceptance and timing of product introductions, are forward-looking statements that are subject to risks and uncertainties, including timely development and acceptance of new products, the impact of competitive products and pricing, the timely development and release of products by suppliers, and other risks detailed in the Company's periodic filings as filed with the SEC.
Manakoa Services Corporation James C. Katzaroff, Chief Executive Officer (509) 736-7000 www.Manakoa.com
Faith Dawn Holdings Limited Ms. Lau Tien May, Director +852 9043 9033
(C) 2006 PRIMEZONE, All rights reserved.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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TEMECULA, CA -- (MARKET WIRE) -- 07/25/06 -- CLX Investment Company, Inc. (OTCBB: CLXN), a diversified investment fund with holdings in e-learning, global advertising and diagnostic testing markets, today announced that portfolio investment Zonda Incorporated, which specializes in diagnostic tests that serve the medical, bacterial food safety, cosmetic, beverage, pharmaceutical, veterinary, and environmental sanitation testing markets, has entered into a distribution agreement for its HandiLab-C test for chlamydia in Italy.
Since it was added to the CLX investment portfolio in September 2005, Zonda has expanded its distribution with agreements to supply a greater number of European countries, most recently Spain and Portugal, as well as opening new worldwide markets with agreements to distribute the HandiLab line in Australia, New Zealand and China.
"We are pleased that Zonda continues to expand distribution of its HandiLab medical diagnostic tests, both through agreements with new distributors and with continued shipments to distribution partners that supply European countries already under contract for the HandiLab tests," said Robert McCoy, chairman and chief executive officer of CLX Investment Company. "With a larger customer base for the HandiLab products, Zonda is increasing its revenue potential and the potential long-term value for CLX shareholders."
The HandiLab-C test is the only over-the-counter test (self testing) for chlamydia that carries the CE mark, which signifies that the product complies with the relevant European Union health, safety, and environmental protection requirements.
"Europe continues to be a highly receptive markets for the HandiLab-C test for chlamydia, and we expect to continue our growth with the addition of new distribution agreements for European markets," stated Laurie J. Oleksiewicz, president of Zonda Incorporated. "At the same time, Zonda is preparing for distribution into other continents where the need for accurate, self-contained, rapid tests for infectious diseases is also significant."
To sign up to receive information by email directly from CLX Investment Company when new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.clxinvestments.com/email.asp.
About Zonda, Inc.
Zonda, Inc. (www.zondaincusa.com), in which CLX holds a 31% equity interest, specializes in diagnostic tests that serve the medical, bacterial food safety, cosmetic, beverage, pharmaceutical, veterinary, and environmental sanitation testing markets. Zonda's product line includes innovative, rapid, self-contained diagnostic devices for the detection of chlamydia, gonorrhea, yeast (Candida albicans) and Group A Strep, tests that detect bacterial and other potential harmful micro-organisms on surfaces, and confirmation tests for a wide variety of bacteria. The HandiLab-C test for chlamydia carries a CE mark for both professional point-of-care and over-the-counter use. The gonorrhea, yeast and Group A Strep tests carry CE marks for professional point-of-care use, and Zonda is seeking similar approvals for over-the-counter sales of these products. Each of the Zonda infectious disease tests are marketed as superior to their competition due to their comparable accuracy (compared directly to PCR or DNA testing), ease of use, compact design, long shelf life, rapid results, and cost effectiveness.
About CLX Investment Company
CLX Investment Company (www.clxinvestments.com) holds a 31% equity interest in Zonda, Inc. (www.zondaincusa.com). Also in the CLX investment portfolio is a 49% interest in eStrategy Solutions, Inc. (www.estrategysolutions.com), a Texas-based e-learning provider that has developed online training solutions for government entities and other professional organizations. CLX has invested, and holds a common stock position, in ActionView International, Inc. (www.actionviewinternational.com), a publicly traded global manufacturer and marketer of "smart" scrolling advertising billboards.
CLX has elected to be regulated as a Business Development Company pursuant to Section 54 of the Investment Company Act of 1940, and is pursuing a business plan wherein the Company seeks to make investment in developing companies with the goal of providing return for its shareholders.
All statements included in this release, including statements regarding potential future plans and objectives of CLX Investments are forward-looking statements. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond CLX Investments' control. There can be no assurance that such statements will prove accurate. Actual results and future events could differ materially from those anticipated in such statements depending on many factors. Historical results are not necessarily indicative of future performance.
Contact: Gemini Financial Communications A. Beyer 951-587-8072 Email Contact
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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NEW YORK, July 25, 2006 (PRIMEZONE) -- W2 Energy Inc., a developer of green energy, is pleased to announce it has concluded its first run of test materials in its plasma assisted biomass to liquid fuel test facility. Among those materials tested were peat, lignite (brown coal) and sewage sludge.
Mr. Michael McLaren states, "We have completed first run tests of various feed stock in our plasma assisted biomass to liquid fuel plant with resounding results." He also stated, "The tests showed that we are able to produce a quality liquid fuel product for as low as $0.14 per gallon or $5.88 per barrel base manufacturing cost."
W2 Energy continues to push forward on the scale-up construction of our 100 BBD plant and feel confident the plant will be able to produce sample runs of product by Q1 2007. W2 Energy currently has approximately US$1.7B in production requests for their diesel product. With approximately 97 Million shares outstanding this translates to a per share book value of $17.50 per share.
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy, both fuel (sulfur free diesel) and electricity, at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
The W2 Energy GAT reactor breaks down biomass or coal using the chemical energy stored in the biomass itself; the plasma acts as a high temperature catalyst. Unlike typical plasma reactors that utilize convection of the intense heat produced by the plasma, our GAT reactor can amazingly produce enough Syngas (H2, CO) to feed a 10,000 barrel per day synthetic diesel plant and 100 Megawatt steam turbine with a mere 4 MW input. Since our unique process works in this manner most if not all the CO2 produced by the process is converted into Carbon suboxides in the form of humic acid and is mixed within the ash to produce high grade organic fertilizer. Therefore the process is completely C02 neutral even using coal or peat as base fuel.
-------------------- I buy fast and sell faster! Posts: 2018 | Registered: Jan 2006
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Michigan Gold Commences Negotiations on Canadian Nickel, Chromium, Copper Property Jul 25, 2006 8:00:00 AM BAY CITY, MI -- (MARKET WIRE) -- 07/25/06 -- Michigan Gold Mining Investments Inc. (PINKSHEETS: MGGV) has commenced negotiations to purchase one hundred per cent (100%) of the 'Sheba' property in Northern Ontario, Canada. The 9 units, approximately three hundred and sixty (360) acres, has showings of Nickel, Chromium and Copper.
Gary Clayton Dunn, mining technician, asserts, "That to date two areas have been mapped and staked indicating mafic bodies. This preliminary information gives indications of favorable deposits of Nickel and Chromium Ore, that is, high temperature, high magnesium, and copper. A grid consisting of some 15km of outline has been established * 100 meter line spacing and 25m stations with all stations picketed. The grid was utilized for control while prospecting. As well soil samples were collected from the B1 horizon over the grid. An anomalous area has been delineated on line 6+00 north near 1+00 east. The ultramafic appears to be at least 1000 meters X 400 meters in extent with lenses of diorite running through in a north-south direction. The zone is bounded by gabbro on both the east and west sides."
Michigan Gold will announce, shortly, whether the company obtains this property or the negotiations failed.
Ben Fuschino, CEO, comments, "If we are successful in purchasing this property it will be a great addition to our potential mineral assets, especially the nickel."
About Michigan Gold Mining Investments Inc.
Michigan Gold Mining Investments Inc. is an American junior mineral exploration company presently in the process of developing mineral assets in North and South America. Michigan Gold Mining Investments Inc. currently retains a one hundred percent (100%) title to a Platinum/Palladium prospect in Northern Ontario, named the 'Deadmoose Lake' property. Michigan Gold also holds an option on the Anita Mine in Peru. This mine is expected to have workable deposits of precious and industrial metals. Michigan Gold is now in the process of defining these potential deposits. Michigan Gold is committed to the accumulation and development of unhedged precious metal deposit sites in both North and South America.
The company is of the opinion that the bull market in metals is a trend that will continue over a generation. Notwithstanding, the current low levels in Global Inventory in most metals and, most importantly, longer term strategic considerations originating from high-growth oriented economies in China, India and other Eastern nations has placed extreme pressure on pricing in the metals markets. This factor, coupled with the weakness of the US Dollar due to the USA's large budget and current account deficits, may support historically high dollar prices in metals for years to come.
Major metals miners have hedged most producing properties and cannot strongly benefit from rising price trends over the near term. This places junior miners in a very advantageous position. As properties are proven and production is ascertained to be feasible, the ability of Michigan Gold Mining Investments to profit from these historically high metals prices should come to fruition.
Michigan Gold Investments Inc. (trading symbol MGGV) is listed on the OTC market and has commenced the process of becoming a full reporting US company.
Forward-Looking Statement
The information contained herein and regarding economic, competitive, governmental, technological and other factors may constitute a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995. While the Company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein. This release contains forward-looking statements with respect to the results of operations and businesses of Michigan Gold Mining Investments Inc., which involve risks and uncertainties. The company's actual future results could materially differ from those discussed. Risks and uncertainties of the company will be detailed from time to time in the company's periodic reports. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements, be subject to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995.
Contact: Investor Relations: Kelly 480-649-8224
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Pearl Asian Mining Industries ''Operation Cagayan De Oro - CDO'' Estimated An Initial Resource of 100,000 Metric Tons Of Gold Ore With An Average Grade Of Over 16 grams/ton of Au (Gold) From The Small Scale Pilot Mining Operation
Tuesday , July 25, 2006 09:45 ET
MANILA, Philippines, Jul 25, 2006 (BUSINESS WIRE) -- Chief Mining Officer Cesar Rosales of Pearl Asian Mining (OTC:PAIM) reports: According to the assessment of Chief Geologist Reggie Selvano, he estimated an initial resource from this small scale operation of 100,000 metric tons of gold ore with an average grade of 16 grams/ton of gold (Au), using the 18 tons per day operation, 24 days per month at a very conservative figure of 90% Capacity with a 30% Overhead Cost per production.
PRODUCTION ANALYSIS OF INITIAL SMALL SCALE PILOT OPERATIONS:
Average Gold Assay: = 16 grams / ton = 0.51 Ounces per ton (OPT) (Note: 31.10 grams = 1 ounce)
Estimated Plant Equipment Efficiency Production: (18 tpd ) (100 tpd) --------- --------- (use value of 90%) = 18 tons per day X .90= 16.20 TPD 90.00 TPD
0.51 OPT X 16.20 TPD = 8.26 Ounce per day (OPD) 45.90 OPD 8.26 OPD X 24 days = 198.24 Ounces per per month month (OPM) 1101.60 OPM
Estimated Price per Ounce = $600 per ounce 198.24 OPM X $600 = $118,944.00 / Month $660,960.00 / Month
Gross Production Amount Per Year : $118,944 X 12 months = $1,427,328 / Year $7,931,520.00 / Year
Net Profit After Cost = $999,129.60 / Year $5,552,064 / Year ------------------ ----------------- Consider a 30% ($1,427,328 X .30= ($7,931,520 X.30= Overhead $428,198.40) $2,379,456.00)
There are stockpiles currently derived from the exposed veins which are going to be the sources of gold ores that can give the immediate good income of the company once processed and in full production in August, 2006, even from this small scale production of 18 tons per day operation.
Please note that this is a very conservative figure of just 18 tons per day capacity of the gold processing equipment to be used, with the mid average of gold reserves at 16 grams /ton, priced * $600 per ounce. As production becomes profitable, it will be easy to exponentially expand production output, using the inexpensive methods currently being employed.
This does not include potential income from refining the gold concentrates of local miners through Pearl Asian's controlled subsidiary, Philippines Gold Mining Corp. (PGMC), as Pearl Asian Mining Industries has envisaged to operate on a full capacity of up to 100 tons per day within the next 6 months of continues production.
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. - Philippines
Pearl Asian Mining Industries Inc. Investor Relations Gary Gotanco, 678-570-6538 (US) or 1-310-728-6907 or 011 +63.2.490.0140 (Philippines) IR*PearlAsianMining.com Fax: (877) 317-4430 www.PearlAsianMining.com
Copyright Business Wire 2006
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
SLXI .002 - Satelinx Entering Taxi Industry In the International Markets Tuesday July 25, 9:45 am ET
MONTREAL--(BUSINESS WIRE)--July 25, 2006--(PINK SHEETS:SLXI - News) - Satelinx has received a purchase order for 5000 taxi GPS units from ETS. VISIONET. This purchase order is in excess of $ 2,000,000.00.
"This penetration into the International market opens new opportunities overseas for Satelinxs' tracking systems and our other product lines. We continue to expand globally, and are confidant that future orders will be forthcoming," stated Sam Grinfeld, Chairman of Satelinx Intl.
This contract is through one of Satelinx distributors . Satelinx distribution network is expanding daily and new distributors and dealers are joining the Satelinx team international
About Satelinx
Satelinx International Inc. provides satellite vehicle tracking units that integrates GSM/GPS/GPRS wireless technologies and the Internet to deliver wireless tracking and location services. Satelinx seeks to be recognized as the world leader in providing safety and security solutions on a global scale in a cost effective manner for vehicle owner, trucking or private vehicle fleet and insurance companies.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Satelinx International Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. 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.
-------------------------------------------------------------------------------- Source: Satelinx International Inc.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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CHICAGO--(BUSINESS WIRE)--July 25, 2006--Spooz, Inc. (OTCBB:SPZI), announced today the completion of a Letter of Intent to acquire Tetrahex, Inc., a leading technology development company that specializes in high-end software solutions for the financial markets. The acquisition will be accomplished primarily by an exchange of stock and will dramatically strengthen the Spooz's product portfolio. In addition, Spooz will gain strategic management personnel and a germane customer list that Tetrahex has been building since 2002.
In its latest effort, Tetrahex recently completed development of Fractal Finance CUBED, an adaptive forecasting software that can be utilized for trading futures, forex and equities. The fractal metanet architecture of Tetrahex's "CUBED" application is designed to identify correlations in multiple data layers, allowing traders to more effectively identify patterns in market data.
"We are excited about the acquisition of Tetrahex for many reasons. Above all the high level of integrity that the Company's engineers have always exhibited, and the fact that Tetrahex's trading solutions so effectively and will completely complement our product lines," stated Paul Strickland, CEO of Spooz. "It is of utmost importance for Spooz to continuously provide our clients with new and exciting product applications running on the SpoozToolz platform."
"Tetrahex brings to Spooz an original trading analysis and decision support application that will stand alone as an end-of-day product, or provide real-time analysis as an integrated part of the SpoozToolz platform," stated Erik Long, President of Tetrahex. "We plan to accomplish the integration of our Fractal Finance CUBED into version 2 of the SpoozToolz platform for its planned release date in early 2007."
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of Forward-Looking Statements: This news release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements present management's expectations, beliefs, plans and objectives regarding future financial performance, and assumptions or judgments concerning such performance. Any discussions contained in this release, except to the extent that they contain historical facts, are forward-looking and accordingly involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements.
About Spooz, Inc.
Spooz, Inc., a publicly traded company based in Chicago, provides a suite of solutions designed to simplify financial trading for traders and hedgers alike. SpoozToolz(TM) and its modules, the Company's flagship products, add built-in trading capabilities to the popular Microsoft(R) Excel software application, combining a customizable interface, streaming quotes, charts, technical analysis, a comprehensive historical database, and electronic trade execution into a simple add-in that becomes part of the Excel tool bar.
Contacts
Investor Relations for Spooz: Equiti-trend Advisors LLC 800-585-6988 toll-free 858-436-3350 international callers or Spooz, Inc. Darryl Dennis, 312-379-3166 info*spooz.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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ROCHESTER, NY -- (MARKET WIRE) -- 07/25/06 -- ImageXpres Corporation (PINKSHEETS: IMJX) announced today that the Company has expanded its LitePix Image Display product line, previously announced in April 2006. The LitePix Digital Display and iMedia Software is a turnkey digital signage solution that provides retail businesses a total customized digital advertising solution, including affordable, ruggedized LCD screens, and creative advertising media. ImageXpres will bundle the hardware and advertising content developer software, and will market and sell the products both direct and through its digital systems distributors. The LitePix(TM) Digital Display product line is available immediately for sale on the Company's website, www.imagexpres.com.
John Zankowski, President and CEO of ImageXpres, commented, "This is a significant new addition to ImageXpres' digital imaging systems product line aimed at the commercial marketplace. The LitePix(TM) Digital Display product line is part of the Company's goal of developing and commercializing digital imaging and solutions that create high value and unique benefits for customers who use images in their work and at home. We believe ImageXpres' LitePix(TM) Digital Displays, and iMedia Software, will provide retail customers a cost-effective vehicle for the creation of high-impact advertising signage, that can be changed virtually instantaneously, with the net result being significantly increased Point-of-Sale business and profits."
The LitePix Digital Display product line incorporates proprietary design, illuminating technology, and low cost fabrication processes, to enable a variety of ruggedized, very bright LCD digital displays at attractive market prices. The reasonably priced products, available in a variety of display screen sizes, open up large POS retail market opportunities for ImageXpres. The Company has already made initial sales to several market niches, including convenience stores, hotels, and athletic clubs, and expects significant sale revenues from the LitePix products this year and into the future.
About ImageXpres Corporation
ImageXpres is a digital imaging and printing company, headquartered in Rochester, NY. ImageXpres develops imaging systems solutions for commercial printing, consumer photo, and healthcare (diagnostic imaging) market segments. The Company is establishing a network of digital imaging/print centers across the U.S., including self-service multimedia kiosks. The Company's website is www.imagexpres.com.
Statements in this press release about the company's future expectations, including the rate of growth of the Company's revenues derived from sales of its safety and security products, and all other statements in this release other than historical facts, are "forward-looking statements" within the meaning of Section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements based on such factors as changes in consumer demand, satisfaction or desire for our products for a variety of reasons. Such "forward-looking statements" are subject to risks and uncertainties set forth from time to time in the company's reports and financial statements.
-------------------------------------------------------------------------------- FOR ADDITIONAL INFORMATION, PLEASE CONTACT: Jason Jadidian Vigilant Trader, Inc.: phone: 718-575-2037 e-mail: imjx*vigilanttrader.com
Source: ImageXpres Corporation
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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MATRIXX RESOURCES HLDGS Quick Quote: MXXR 0.06 (-0.01) Matrixx Resource Holdings, Inc.: Weekly Drilling Update on Clovelly South Prospect 7/25/2006 LOS ANGELES, CALIFORNIA, Jul 25, 2006 (CCNMatthews via COMTEX News Network) --
Matrixx Resource Holdings, Inc. (OTCBB:MXXR), announced Company management has visited the Clovelly site and reports that drilling has proceeded near the proposed "M" Sand depth.
All operations are continuing to remain normal. Current depth as of the draft of this report was 13,593. The operator continues to drill ahead as planned. The mud-logger and operator are continuing to circulate and analyze samples as they are brought to the surface. Wire line analysis and surveys will be conducted as determined by the geologist at each depth reached.
The Company will continue to release information on the progress periodically. Any information circulating not released officially by the Company may not be dependable and should not be deemed as reliable data.
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.
SOURCE: Matrixx Resource Holdings, Inc.
Matrixx Resource Holdings, Inc. Catherine Thompson Media & Investor Relations (310) 456-3199 (310) 456-1778 (FAX) ir*mrhi.net http://www.mrhi.net Copyright (C) 2006 CCNMatthews. All rights reserved.
Posts: 330 | From: oregon | Registered: Dec 2004
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RMD Entertainment Wraps Pilot Episode of First Original Series Created for MoTV Inc Platform Tuesday July 25, 11:15 am ET
MoTV Inc in Discussions With RHN to Provide Full Season for Network Broadcasting on Cable and Satellite
PHILADELPHIA, PA--(MARKET WIRE)--Jul 25, 2006 -- RMD Entertainment Group (Other OTC:RMDG.PK - News) proudly announced the completion of the pilot episode of their highly anticipated original series entitled, "Hip Hop Tonight(TM) With Jay Milla." The pilot episode marks the first in a series of new original projects being produced specifically for the mobile platform. ADVERTISEMENT
While RMD's focus is to create new and compelling content for their own proprietary MoTV platform, they will have multiple versions produced for global redistribution. The objective is to utilize the original RMD content as an advertising vehicle with key relationships they have in place with industry giants like Google, AOL and the Real Hip Hop Network to name a few. While the primary function is to create powerful street-driven content, the other network avenues open the door to enormous advertising potential and massive global exposure for the RMD brand.
RMD CEO Giorgio Costonis commented, "Hip Hop Tonight with Jay Milla is a perfect blend of hard-hitting street journalism and raw underground hip-hop content. Jay does an amazing job at maintaining the balance and we are more than thrilled about the pilot episode. This project along with our other original ventures is designed and created specifically for the highly sought after 14 - 24 year old demographic... they define this programming and are eager to support RMD according to our research. The content alone is valuable, however, the advertising revenue that is built into the distribution model is the driving force behind the project."
RHN CEO Anton Muhammad added, "This programming is both unique and entertaining to the viewer. Journalistically, it is definitely leaps and bounds above the competition. With such a fresh perspective, we became very interested in integrating Hip Hop Tonight with Jay Milla into our premier repeat programming. We hope to have an agreement with RMD on this shortly. Its quality programming like this that allows us to continue to expand our viewership across the country into new markets."
About RMD Entertainment Group
RMD Entertainment (RMD) is a cutting-edge entertainment company that is primarily focused on the development and international marketing of 'hip-hop' music, including compact discs, digital downloads, and personal 'ring tones' for mobile phone customers, as well as other 'hip-hop' lifestyle products. The Company has also created MoTV, the ability to stream video content to mobile devices, including cell phones and PDAs. RMD has significant successes internationally and its staff producers have collaborated with some of the most influential names in the music today including Sting, David Byrne of the Talking Heads, George Kranz, Freedom Williams of C & C Music Factory, Stevie Winwood, Robin Scott, and jazz saxophone legend Bill Evans, among others. The Company current possesses an impressive hip-hop catalogue, which it distributes exclusively through Bungalo Records and Universal Music Group (a subsidiary of Vivendi Universal) in North America and in Europe through the Pickwick Group Ltd. of London.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of RMD Entertainment Group, Inc, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact: Contact: CONTACT: Jed Wallace Publicist Phone: (310) 234-3200 Mail to: jwallace*mphpr.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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News for 'IPRE' - (Imperia Entertainment Will Not Implement Reverse Split)
BEVERLY HILLS, Calif., Jul 25, 2006 (BUSINESS WIRE) -- Imperia Entertainment, Inc. (Pink Sheets:IPRE) announced today that its board of directors has decided, in its discretion, not to implement the 1-500 reverse split of its common share capital at this time.
About Imperia Entertainment
Imperia Entertainment, Inc. (www.imperiaentertainment.com) is a company which has emerged as a player in the area of independent film production and distribution, once monopolized by the major film studios. In conjunction with its distribution subsidiary, Imperia International Distribution, the company engages in investing in and producing and distributing full-length feature films. Along with its equity interest in "All That I Need" (www.allthatineed.net), released in theaters last December, Imperia's film properties include its feature film in post production, "Say it In Russian," starring Faye Dunaway and Agata Gotova, "Brothers," by Tarquin Gotch ("Home Alone"), "Never Submit," a feature film on the subject of mixed martial arts, and the award-winning "Autograph" television series (www.autograph.tv), which airs on the Colours Television Network.
Posts: 1086 | Registered: Oct 2005
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LoftWerks/Sulja Announces Changes to Previous Press Release
WINDSOR, ON -- (MARKET WIRE) -- July 25, 2006 -- LoftWerks/Sulja (PINKSHEETS: LFWK) announced today that the company will not reverse split its shares. A company spokesperson commented: "The Company believes that the net earnings already booked will easily raise the share price to an acceptable level."
CEO Steve Sulja stated: "After reviewing all the documentation and consulting with the Red Sea Group, we have come to the conclusion that there is no need to reverse our shares. Price appreciation of our shares should easily beat the NASDAQ requirements for up listing. Our net earnings will raise the eyebrows of many investors."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
SOURCE: LoftWerks, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Powerlock 10-for-1 Dividend Goes into Effect Today
COSTA MESA, Calif.--(Business Wire)--July 25, 2006-- Powerlock International Corp. (Pink Sheets: PWLK) announced a 10-for-1 forward split of its common stock with record date July 21, 2006, and payment date July 22, 2006. Shareholders of record on July 21, 2006, will have the right to receive a share dividend of nine shares on each share owned; shareholders of record on July 22, 2006, will be entitled to be paid such dividend. Powerlock was awaiting notification from NASDAQ on the x-date for the split; the effect of the dividend is now reflected in the current price and has a marked improvement from its value yesterday. The forward split was proposed by a resolution of the company's board of directors and approved by majority shareholder consent without a meeting, in accordance with Nevada law.
Forward-Looking Statements
Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements. Forward-looking statements deal with the company's current plans, intentions, beliefs and expectations and statements of future economic performance. Statements containing terms like "believes," "does not believe," "plans," "expects," "intends," "estimates," "anticipates" and other phrases of similar meaning are considered to imply uncertainty and are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from what is currently anticipated. Factors that could cause or contribute to such differences include those discussed from time to time in reports filed by the company with the Securities and Exchange Commission. The company cannot guarantee its future results, levels of activity, performance or achievements.
Princeton Research Inc. Mike King, 702-650-3000 mike*princetonresearch.com or Powerlock International Corp. Rick Fass, 800-689-8004
Copyright Business Wire 2006 25Jul06 16:12 GMT Symbols: us;PWLK Source BW Business Wire
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B & D Foods Corporation (OTC Bulletin Board: BDFC) Announces RedChip Visibility Research Initiation 7/25/2006
Price Target $1.32
NEW YORK, July 25, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- B & D Foods Corporation (OTC Bulletin Board: BDFC) announced today that RedChip Visibility, a division of RedChip Companies, has initiated research on the Company. RedChip initiated coverage of B & D Food Corporation with a "Speculative Buy" rating and a current price target of $1.32.
Jim Altenbach, CFA, and Saied Hamedanchi, CFA, analysts for RedChip, wrote in the report:
"BDFC is an exciting turnaround story. We believe that BDFC represents a great investment opportunity for the investor who can accept the high level of risk associated with this company. On a valuation front, the BDFC stock is trading at very low valuation compared to the coffee industry average multiples. Based on the recent valuation of $0.28 per share and the market capitalization of $28.04 million, the Company is trading at approximately 2x price to sales ratio which is substantially below the industry price to sales ratio of 3.20 times."
BDFC's strategy is to be a player that purchases the coffee beans from the growers and in turn sells the product to the retailers, bypassing the entire channel. This will enable BDFC to be the manufacturer, wholesaler, and distributor in the channel and thus capture the margin from all these activities in the channel. BDFC acquired the 6th largest coffee manufacturing plant in Brazil in 2005 at distressed sale prices. Furthermore, BDFC is restructuring its operations to become a viable global player in coffee manufacturing and market distribution. The BDFC manufacturing plant is strategically located near the two largest Brazilian ports of Santos and Rio de Janeiro. The plant is approximately 12,000 square meters and has the following current production capacity:
* 9600 tons/per year of roasted, ground coffee * 3600 tons/per year of chocolate beverages or cappuccinos * 3240 tons annually of agglomerated soluble coffee or powdered tea About RedChip Visibility(TM)
RedChip Visibility 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
B & D Foods Corporation is a client of the Aurelius Consulting Group, Inc. and of RedChip Visibility, a division of RedChip Companies. BDFC paid RedChip Visibility $36,000 for the RedChip Visibility Research Program, which includes the research report. RedChip Visibility, a division of RedChip Companies, Inc., and the Aurelius Consulting Group, Inc., in a joint marketing agreement, have been contracted by B & D Foods Corporation to increases investor awareness of BDFC to the small-cap equity community. These services may include investor conferences and digital and print distribution of BDFC 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 cash fee of $4,500 and 96,350 shares of Rule 144 stock per quarter for investor relations services.
For Additional Information Contact: Daniel Ollech, President B & D Foods Corporation ollech*bdfcorp.com (011)972-544-816-339 RedChip Companies 1-800-REDCHIP http://www.redchip.com info*redchip.com
SOURCE B & D Foods Corporation
Daniel Ollech, President, B & D Foods Corporation, +011-972-544-816-339, or ollech*bdfcorp.com; or RedChip Companies, +1-800-REDCHIP, or info*redchip.com, for B & D Foods http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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INNOTELCO Inc. Announces Update on Contract Status Update: 1:20 PM ET Jul 25, 2006
TORONTO, Jul 25, 2006 (MARKET WIRE via COMTEX) -- INNOTELCO, Inc. (PINKSHEETS: ILCO), a marketer and distributor of telecom hardware and network solutions announces update on contract status. "We are pleased to announce that we are very contented with the progress the company is making on contract fulfilling. Following the completion, we have received inquiry for further supplying, and the company is getting ready to start final discussions regarding this opportunity. Expectations that we have are very optimistic and current efforts are focused on contract accomplishment, near trip to Europe and Africa, and on development of a strong, reliable image that increases sales and builds customer loyalty." Further, "We are looking into the best way to expand our working relationship with Pan Atlantik SA and to take advantage of some new projects of interest to both companies. Due to Pan Atlantik SA's good trading rank and ample experience in commodity trade, we are in position to develop new Long-term Strategic Framework (LSF) which will provide more efficient trading procedure together with possibility for auspicious penetration in to new market areas," said Radomir Popovic, Vice President. LSF Implementation should set up INNOTELCO as an intermediary company; in that case revenue will be generated through consulting services, direct resale and commission participation. These deals should be based on considerably higher and faster money float due to strategic product exchange which will be subject of the trade. "INNOTELCO -- Building Bridges for Communication" About INNOTELCO, Inc. INNOTELCO is a telecom hardware supplier, specializing in servicing emerging markets looking to expand their telecommunications networks. INNOTELCO products range from indoor and outdoor coaxial cables and accessories to fibre optics and switching equipment. About Pan Atlantik S.A. Pan Atlantik S.A. has been in the international commodity trading business for 13 years. It is a privately owned registered company that conducts business activities in the all kinds of commodity trade business all over the world due to strong multilanguage support and unrivalled business policy that the company has. Boris Zlopasa, who has very rich experience in that field, heads the company.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Grifco International, Inc. ("Grifco" or the "Company") (PINKSHEETS: GFCI) announced today that it has reached a strategic anti-takeover agreement with the Lyamec Corporation to "roll-up" assets into a fully reporting over-the-counter bulletin board company ("OTC.BB"), with terms to be announced at later date. Lyamec is a major shareholder in Grifco and strategic partner in Global Oil Tools Corporation (Libya) which is owned 55% by Grifco.
Jim Dial, President of Grifco stated, "The roll-up of assets is intended to fast track our company into becoming a fully reporting issuer with the Securities and Exchange Commission ('SEC'). The benefits of being a reporting company with the SEC are many. First, we will have access to a greater source of capital financings via securities registrations. Second, we will be able to provide our shareholders and investment community with transparency through periodic filings with the SEC via Edgar such as 10Ks, 10Qs and 8Ks. Third, with positive revenue streams and potential for rapid growth, our Pink Sheet status has created a disconnect in the market price of our shares due to what we believe is 'naked short' selling. Once we are on the OTC.BB the naked short sellers will be effectively minimized."
Mr. Dial continued, "In order to expedite this process, we have prioritized our assets on the basis of audits that will satisfy the Sarbanes-Oxley Act and the SEC's rules and regulations. At this point, we believe that the majority of our assets will qualify for the roll-up. Any division that holds us up in this process will be separated until it can satisfy the SEC audit requirements.
"We have already obtained majority shareholder approval to go forward with our strategic plan. We will provide our shareholders with an Annual Report and Interim Reports detailing the roll-up plan," said Mr. Dial.
"Further, the Plan will help us commercialize the Global Oil Tools Libya facility and the valued contribution of Lyamec. Listing on the Libya Stock Exchange through Lyamec's sponsorship and dual listing on the London Stock Exchange's AIM division is currently in process with terms to be announced. We are strategically located in the USA and Libya to provide delivery of Global Oil's tools and expertise to customers on a just-in-time basis. Our advantage in North Africa is the ability to provide a localized, fully integrated development, manufacturing and shipping facility versus our competitor's need to ship tools from distant distribution centers," concluded Mr. Dial.
A new "frequently asked questions" or FAQ's section will be added next week to the company's website at www.grifco.org that will address in further detail the asset roll up plan to become a reporting issuer.
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: Chicago Investor Relations LLC 312.238.9875
SOURCE: Grifco International, Inc.
Copyright 2006 Market Wire, All rights reserved.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Wireless Age Retail Unit Signs Agreement to Become a SaskTel Full Service Dealer TORONTO, July 25, 2006 (PRIMEZONE) -- Wireless Age Communications, Inc. (OTCBB:WLSA), a leading supplier of solutions to the Canadian wireless industry, today announced that its retail business unit, Wireless Age Communications Ltd., signed agreements with its Telco partner, SaskTel, to expand its service offering in its Saskatchewan-based locations to include High Speed Internet service, Max(tm) Entertainment Services, Dial-up Internet, Wireless Internet and HomeNet Services. Wireless Age operates five successful retail locations in the province currently retailing the cellular products and services of SaskTel.
Allen Cowie, Wireless Age President, stated, "Wireless Age services a large customer base on behalf of our valued partner, SaskTel. We are thrilled to now have the opportunity to increase our level of service to all those customers and more by offering complete bundled solutions at a great value to our clients now in the home in addition to their existing mobile communication needs. This is a very natural fit for our locations that all operate as destination-style locations, with highly trained staff as opposed to many the typical retail style kiosks."
Diana Milenkovic, SaskTel Senior Vice-President Marketing and Mobility, stated, "A key strategy for SaskTel is to be the customers' choice for all their communication, information and entertainment solutions. Enabling dealer channels to sell and facilitate the services will be an important element of this strategy. We are pleased that The Wireless Age, one of our dealer partners in cellular and wireless data, will be working with us to execute this strategy."
The company is currently working on staff training and preparing its locations to facilitate the expansion of the services and expects to be ready to launch the full services in all its locations in mid-August.
For all Wireless Age investor relations needs, investors are asked to visit the Wireless Age IR Hub at http://www.agoracom.com/IR/WirelessAge, where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to WLSA*agoracom.com, where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
About Wireless Age Communications Inc.
Wireless Age's operations are segregated into two distinct segments, Retail and Commercial.
Retail:
Wireless Age retail outlets sell next-generation wireless products and services to business and individual end users in Saskatchewan and Manitoba.
Commercial:
Within the Commercial segment, mmwave does specialty distribution and network engineering and integration for carriers and manufacturers of communications equipment in Canada. Wireless Source distributes prepaid phone cards, wireless accessories, land mobile radios, batteries and ancillary electronics products to dealers throughout North America. Wireless Works operates broadband public access and private networks in southern Ontario, and develops and deploys consumer and commercial products for those networks.
The company is a recognized leader in the wireless industry in Canada and is a member of the WiMax forum, as well as a very active member of the Canadian Wireless Telecommunications Association.
This press release contains ''forward-looking statements'' as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Wireless Age Communications, Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company's ability to retain key management and employees; intense competition and the company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Wireless Age Communications, Inc. SEC filings. Wireless Age Communications, Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Wireless Age Communications, Inc.'s business, please refer to the risks and uncertainties detailed from time to time in Wireless Age Communications, Inc.'s SEC filings.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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