SANTA CLARA, Calif., July 26, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- NanoSensors, Inc. (OTC Bulletin Board: NNSR.OB), a nanotechnology development company that develops instruments and sensors to detect explosives, chemical and biological agents, announces today that it has initiated an evaluation on a generic biosensor design which will accommodate a sensor on a chip.
A preliminary industrial design of a biosensor product has started. The design includes the electronic package for housing the sensor, the technique for mounting the sensor into the housing and the procedure for assembling the device. The process details to functionalize the sensor to detect specific agents and then finally a technique for protecting the sensor assembly after the functionalization process are being developed.
The prototypes of this generic biosensor design will be built by year-end. The schedule for independent third-party testing of these prototypes is in the first quarter of 2007.
About NanoSensors, Inc.
NanoSensors, Inc. was incorporated in December, 2003 and is a nanotechnology development company based in Santa Clara, California. The Company's principal business is the development, manufacturing and marketing of sensors and instruments to detect explosive (X), chemical (C) and biological (B) agents ("XCB"), along with the management of intellectual property derived there from that will enable NanoSensors to create nanoscale devices.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These forward-looking statements involve known and unknown risks, uncertainties and other facts that could cause the actual future results of the Company to be materially different from such forward-looking statements. These forward-looking statements are made only as of the date hereof, and we disclaim any obligation to update or revise the information contained in any such forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE NanoSensors, Inc.
Dr. Ted Wong, CEO of NanoSensors, Inc., +1-408-855-0051, or tlwongusa*yahoo.com 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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Total Luxury Group Establishes New Subsidiary 7/26/2006
Y-Brands, Inc. to Develop Lines for Young Men's Labels: YMLA and Y-Chrome
NEW YORK, NY, Jul 26, 2006 (MARKET WIRE via COMTEX News Network) -- Total Luxury Group, Inc. (OTCBB: TLEI) announced today that they have reached an agreement in principle and are in the final stages of negotiation of a license agreement with Castle Hill Apparel, Inc. for the worldwide master licenses for the young men's labels YMLA and Y-Chrome.
With a 12 year history, YMLA and Y-Chrome are established trend resources in Young Men's apparel business. Specializing in knits and woven tops, these brands have been featured at major retailers such as Federated Department Stores, Mervyns, Kohl's and Stage Doors. Over the past 2 years, sales have averaged approximately 5 Million Dollars per year. With the support of Total Luxury Group, the company expects to achieve significant growth in sales and product categories.
In order to further develop the young men's business the Company has established a wholly owned subsidiary by the name of Y-Brands, Inc. This division will assume and develop the worldwide exclusive master-license for the popular trademarks YMLA and Y-Chrome, including actively seeking out promotional opportunities and licensing deals for YMLA and Y-Chrome branded products in other related categories.
About Total Luxury Group, Inc.
Total Luxury Group, Inc., which currently holds a distributorship agreement for MCM, AG, has been seeking additional opportunities within the consumer products industry, for acquisition of companies that have a proven management team, and desirable products or services. In May 2006, Total Luxury Group, Inc. acquired International Apparel Group, Inc., an apparel holding company that through its subsidiary companies manufactures and sells apparel to major retailers and distributors around the world.
Except for historical information contained herein, the matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that involve substantial risks and uncertainties. When used in this press release and in any documents incorporated by reference herein, the words "expects," "will" and similar expressions identify certain of such forward-looking statements. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of management and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company's control. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive, and other factors affecting the Company and its operations; and other risk factors. TLEI cautions that the foregoing factors are not exclusive. TLEI assumes no obligation to update the information contained in this press release.
CONTACT: Total Luxury Group, Inc. International Apparel Group, Inc. MIAMI, FL Janon Costley (305) 892-6744
SOURCE: Total Luxury Group, 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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Granite Broadcasting Corporation Completes Acquisition of WBNG-TV, CBS Affiliate in Binghamton/Elmira, New York 7/26/2006
Represents Company's Fourth and Fifth Markets in Upstate New York
NEW YORK, July 26, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Granite Broadcasting Corporation (OTC Bulletin Board: GBTVK) announced today that it has completed the acquisition of WBNG, Channel 12, the CBS-affiliated television station serving Binghamton and Elmira, New York, for $45 million in cash, before closing adjustments. Binghamton is ranked by Nielsen Media Research as the nation's 156th largest market, and Elmira is ranked 173rd. The acquisition was financed with proceeds from the Company's new senior credit facility, announced July 5, 2006.
Commenting on today's announcement, W. Don Cornwell, Chief Executive Officer of Granite Broadcasting Corporation, said, "This acquisition of WBNG is a terrific fit with our stated strategy of capitalizing on our core strength of operating news-oriented, network-affiliated stations. The addition of Binghamton and Elmira to our existing Upstate New York markets, which include Buffalo, Syracuse and Utica, enables Granite to reach close to 60 percent of television households in this important region."
Granite Broadcasting Corporation owns and operates, or provides programming, sales and other services to 23 channels in the following 11 markets: San Francisco, California; Detroit, Michigan; Buffalo, New York; Fresno, California; Syracuse, New York; Utica, New York; Binghamton, New York; Elmira, New York; Fort Wayne, Indiana; Peoria, Illinois; and Duluth, Minnesota-Superior, Wisconsin. The Company's channel group includes affiliates of NBC, CBS, ABC, CW and My Network TV, and reaches approximately 6% of all U.S. television households.
This press release and related statements by management contain forward-looking statements, which represent the Company's expectations or beliefs concerning future events. Forward-looking statements include information preceded by, followed by, or that includes the words "believe," "expect," "anticipate," "intend," "plan," "foresee," "likely," "will," "should" or other similar words or phrases. While we believe these judgments are reasonable, the Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, without limitation, failure to complete the announced sales of the Company's WB affiliates, general economic conditions, competition in the markets in which the Company's stations are located, technological change, pricing fluctuations in national and local advertising, innovation in the broadcasting industry, geopolitical factors and changes in laws, regulations and tax rates. Consequently, all forward-looking statements made herein are qualified by these cautionary statements and the cautionary language set forth in the Company's most recent Annual Report on Form 10K filed with the Securities and Exchange Commission ("SEC"), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. There can be no assurance that the actual results, events or developments referenced herein will occur or be realized. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in assumptions or changes in factors affecting such forward-looking statements.
SOURCE Granite Broadcasting Corporation
Press - W. Don Cornwell, Analyst - Larry Wills, both for Granite Broadcasting Corporation, +1-212-826-2530, 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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Diversinet Reports Second Quarter 2006 Financial Results 7/26/2006
Q2 Quarterly Revenues Up 45%, Net Loss Reduced By 49%
TORONTO, ONTARIO, Jul 26, 2006 (MARKET WIRE via COMTEX News Network) -- Diversinet Corp. (OTCBB: DVNTF), a leading provider of mobile-enabled personal authentication and security solutions, today announced its financial results for its second quarter of 2006. During the second quarter of 2006 Diversinet successfully closed US$4.0 million in new funding, realigned it board of directors with two new appointments and continued its strategic focus on building a distribution network for the mass-market provisioning and management of its MobiSecure(TM) soft tokens.
Revenues for the quarter were $476,000, up 45 percent compared to $330,000 in the second quarter of 2005. Revenues for the six months ended June 30, 2006 were $950,000, up 39 percent from $684,000 in 2005. Cash used in continuing operations for the quarter was $726,000 compared to $661,000 in 2005. Cash used in continuing operations for the six months ended June 30, 2006 was $1,132,000 compared to $1,271,000 in 2005. All dollar amounts are in U.S. dollars.
The net loss for the second quarter of 2006 was $747,000, or $0.03 per share, compared to a net loss of $1,458,000 or $0.08 per share in the second quarter of 2005. Included in the second quarter net loss are stock-based compensation, depreciation and amortization of $286,000 ($522,000 in Q2 2005). The net loss for the six months ended June 30, 2006 was $1,469,000, or $0.06 per share, compared to a net loss of $2,757,000 or $0.14 per share for the comparable period in 2005. Included in the six month net loss are stock-based compensation, depreciation and amortization of $555,000 ($933,000 in 2005). Cash and cash equivalents at June 30, 2006 were $4,213,000 compared to $1,356,000 at December 31, 2005.
During the second quarter, Diversinet completed an equity financing through the sale and issue of 6,680,001 units by way of private placement at $0.60 per unit for gross proceeds of $4,008,000. Each unit is comprised of one common share and one common share purchase warrant. One half of the warrant will be exercisable to purchase one common share for each whole warrant at a price of $0.75, the other half warrant at $0.90, for a period of up to two years from June 30, 2006.
Second quarter 2006 channel and customer highlights include:
- The company successfully closed $4.0 million in new funding through a private placement led by Albert E. Wahbe, a former senior executive at Scotiabank, with a US$2.76 million personal investment. The company will use this funding for working capital purposes and general operations.
- Mr. Wahbe joined the Diversinet Corp. board of directors as chairman, and will provide sales and business development services for Diversinet. Mr. Ravi Chiruvolu also joined the Diversinet board. Mr. Chiruvolu is an MIT engineer, a Harvard MBA and a seasoned venture capitalist with experience in working with small cap management teams to increase overall shareholder returns.
- The company entered into a partnership with ECONZ Wireless, a leading global developer of mobile software solutions for business and consumer markets, to integrate and extend the MobiSecure BREW(R) client into current and future ECONZ Wireless applications for sale worldwide through ECONZ Wireless mobile carrier partners. The two companies also demonstrated BREW versions of their mobile-enabled two-factor authentication solution at BREW 2006 conference in San Diego.
- The company entered into a partnership agreement with Infosec Co., Ltd., a leading Korean global e-security integrator and an affiliate as well as a security partner of the SK Group ("SK Infosec"), to distribute Diversinet's OATH-compliant MobiSecure software tokens and MobiSecure Authentication Service Center (MASC) provisioning service in Korea. SK Infosec will market Diversinet's products and services both within the SK Group family of companies and to the Korean market at large.
In addition to the recent $4.0 million financing announcement on July 6, 2006, the Company today announced that it successfully closed an additional U.S.$1 million in new funding through a private placement. Funding will be provided through the sale and issue of 1,538,463 units by way of private placement at U.S.$0.65 per unit for gross proceeds of U.S.$1,000,000. Each unit is comprised of one common share and one common share purchase warrant. The warrant will be exercisable to purchase one common share at a price of U.S.$1.00, for a period of up to two years from July 26, 2006. The company will use this funding for working capital purposes and general operations.
"The liquidity achieved through the successful closing of these two fundings is a significant milestone for Diversinet, providing us with the resources we need to continue on our path to profitability and to becoming a significant force in the mobile security marketplace," said Nagy Moustafa, chief executive officer of Diversinet. "We are excited to have a seasoned veteran like Albert Wahbe helping lead us through this exciting transitional period and beyond."
After completion of the private placement, there are approximately 32,771,401 shares issued and outstanding, and 46,119,408 shares on a fully diluted basis. The common shares, warrants and warrant shares forming part of the units cannot be re-sold in the public markets until a registration statement has been filed and declared effective by the U.S. Securities and Exchange Commission. This press release does not represent an offer to buy or to sell any securities.
About Diversinet
Diversinet is a leading provider of mobile-enabled personal authentication and security solutions for the wireless world. The company's software and services protect a user's identity and provide secure access for new, innovative consumer and business applications using a variety of mobile phones, personal digital assistants (PDAs) and personal computers. Diversinet's highly scaleable, open mobile security platform enables enterprises and service providers to rapidly develop, deploy and manage next-generation wireless security services that leverage the more than 2.5 billion mobile devices and PCs deployed today. The Diversinet MobiSecure suite of mobile tokens and MASC offerings are available on all intelligent mobile device platforms, including Microsoft, RIM, Symbian, Palm, BREW, and Java-based phones, as well as personal computers running the Windows operating system. For more information about Diversinet Corp. visit www.diversinet.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward-looking, such as statements relating to anticipated future revenues of the company and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.
Diversinet Corp.CONSOLIDATED BALANCE SHEETS(in United States dollars) June 30 December 31 2006 2005 $ $ (Unaudited)--------------------------------------------------------------------- ---------------------------------------------------------------------ASSETSCurre nt assetsCash and cash equivalents 4,212,917 1,355,562Accounts receivable 79,303 66,039Other receivables - 1,266Work in progress 249,905 -Prepaid expenses 74,770 117,245---------------------------------------------------------------------Tota l current assets 4,616,895 1,540,112---------------------------------------------------------------------Ca pital assets, net 398,879 473,010---------------------------------------------------------------------Tota l assets 5,015,774 2,013,122----------------------------------------------------------------------- -------------------------------------------------------------------LIABILITIES AND SHAREHOLDERS' EQUITYCurrent liabilitiesAccounts payable 201,587 153,100Accrued liabilities 237,682 226,679Deferred revenue 21,000 79,000---------------------------------------------------------------------Total current liabilities 460,269 458,779---------------------------------------------------------------------Shar eholders' equityShare capital 54,402,811 54,347,652Share capital subscribed but unissued 2,868,259 -Cumulative translation adjustment (1,520,721) (1,520,721)Share purchase warrants 2,468,390 2,500,977Share purchase warrants subscribed but unissued 1,139,741 -Contributed surplus 2,960,926 2,521,422Deficit (57,763,901) (56,294,987)-------------------------------------------------------------------- -Total shareholders' equity 4,555,505 1,554,343---------------------------------------------------------------------To tal liabilities and shareholders' equity 5,015,774 2,013,122----------------------------------------------------------------------- -------------------------------------------------------------------See accompanying notes to interim consolidated financial statements.Diversinet Corp.CONSOLIDATED STATEMENTS OF LOSS AND DEFICIT(in United States dollars)(Unaudited) Three months ended June 30 Six months ended June 30 2006 2005 2006 2005 $ $ $ $---------------------------------------------------------------------REVENUE 476,862 329,514 949,848 683,925Cost of sales 395,787 216,270 745,559 461,738---------------------------------------------------------------------Gros s margin 81,075 113,244 204,289 222,187EXPENSESResearch and development 140,090 303,607 172,807 581,154Sales and marketing 169,208 352,227 399,616 668,962General and administrative 482,031 747,963 1,032,656 1,262,023Depreciation and amortization 39,495 177,408 78,773 351,695--------------------------------------------------------------------- 830,824 1,581,205 1,683,852 2,863,834---------------------------------------------------------------------Lo ss before the following (749,749) (1,467,961) (1,479,563) (2,641,647)Foreign exchange loss (gain) 3,500 (11,441) 7,610 (18,527)Interest income (6,254) (3,716) (18,259) (12,665)---------------------------------------------------------------------Los s from continuing operations (746,995) (1,452,804) (1,468,914) (2,610,455)Loss from discontinued operations (note 2) - (5,195) - (146,769)---------------------------------------------------------------------Lo ss for the period (746,995) (1,457,999) (1,468,914) (2,757,224)--------------------------------------------------------------------- Deficit, beginning of period (57,016,906) (50,484,716) (56,294,987) (49,185,491)Loss for the period (746,995) (1,457,999) (1,468,914) (2,757,224)--------------------------------------------------------------------- Deficit, end of period (57,763,901) (51,942,715) (57,763,901) (51,942,715)-------------------------------------------------------------------- ----------------------------------------------------------------------Loss per shareBasic and diluted loss per share from continuing operations (0.03) (0.08) (0.06) (0.14)Basic and diluted loss per share (0.03) (0.08) (0.06) (0.14)Weighted average common shares outstanding 24,394,530 19,247,556 24,361,009 19,213,493See accompanying notes to interim consolidated financial statements.Diversinet Corp.CONSOLIDATED STATEMENTS OF CASH FLOWS(In United States dollars)(Unaudited) Three months ended June 30 Six months ended June 30 2006 2005 2006 2005 $ $ $ $---------------------------------------------------------------------OPERATING ACTIVITIESLoss from continuing operations (746,995) (1,452,804) (1,468,914) (2,610,455)Add (deduct) items not requiring an outlay of cash: Depreciation and amortization 39,495 177,408 78,773 351,695 Stock-based compensation expense 246,128 344,681 476,126 580,833 Changes in non-cash working capital items related to operations: Accounts receivable and other receivables 1,985 99,958 (11,998) 84,813 Prepaid expenses 10,852 18,883 42,475 36,702 Work in progress (227,477) - (249,905) - Accounts payable and accrued liabilities (26,651) 115,834 59,490 75,071 Deferred revenue (23,000) 35,000 (58,000) 31,157--------------------------------------------------------------------- Cash used in continuing operations (725,663) (661,040) (1,131,953) (1,450,184) Cash provided by (used in) discontinued operations - (30,179) - 179,036---------------------------------------------------------------------Cash used in operations (725,663) (691,219) (1,131,953) (1,271,148)--------------------------------------------------------------------- FINANCING ACTIVITIES Issue of common shares, common purchase options, warrants for cash, net of costs 3,990,650 (71,191) 3,993,950 (55,691) Notes payable - - - (4,611)---------------------------------------------------------------------Cash provided by (used in) financing activities 3,990,650 (71,191) 3,993,950 (60,302)------------------------------------------------------------------------ ------------------------------------------------------------------INVESTING ACTIVITIES Decrease in short-term investments - 594,273 - 1,094,068 Net addition of capital assets (2,896) (37,571) (4,642) (39,820)---------------------------------------------------------------------Cas h provided by (used in) investing activities (2,896) 556,702 (4,642) 1,054,248----------------------------------------------------------------------- -------------------------------------------------------------------Net increase (decrease) in cash and cash equivalents during the period 3,262,091 (205,708) 2,857,355 (277,202)Cash and cash equivalents, beginning of the period 950,826 652,004 1,355,562 723,498---------------------------------------------------------------------Cash and cash equivalents, end of the period 4,212,917 446,296 4,212,917 446,296---------------------------------------------------------------------See accompanying notes to interim consolidated financial statements. Contacts:Company Contact:Diversinet Corp.David Hackett, Chief Financial Officer(416) 756-2324 ext. 275dhackett*diversinet.com www.diversinet.comMedia Contact:Corman Communications, LLCPatrick Corman, Principal(650) 326-9648patrick*cormancom.comInvestor Contact:Equity Performance GroupGary Geraci, President(617) 723-2373gary*equityperfgp.com SOURCE: Diversinet Corp.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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IGIA Announces First Quarter Financial Results; Quarterly Revenue up 89%; Gross Profit up 138% 7/26/2006
NEW YORK, Jul 26, 2006 (BUSINESS WIRE) -- IGIA, Inc., (OTCBB: IGAI), announced today its financial results for the fiscal first quarter ended May 31, 2006, including quarterly revenue of $3,458,885, a 89.5% increase compared to $1,825,208 in revenues for the quarter ended May 31, 2005. Gross profit for the quarter was $2,689,377, a 138.3% increase compared to gross profit of $1,128,721 for the quarter ended May 31, 2005. IGIA, a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items, significantly increased its purchases of television and Internet advertising to generate the increases in quarterly revenue and gross profit.
IGIA's quarterly net income was $16,377,174 or $0.44 per share (basic) and $0.22 per share (diluted), as compared to a net loss of $2,879,886 or $0.16 per share (basic and diluted) for the quarter ended May 31, 2005. Primarily contributing to IGIA's net income was $13,989,024 or $0.37 per share (basic) and $0.19 (diluted) in income realized from the extinguishment of liabilities of IGIA's Tactica International, Inc. subsidiary, in connection with its business restructuring and reorganization plan. Net income also included a $6,091,309 or $0.16 per share (basic) and $0.08 (diluted) unrealized gain resulting from a change in IGIA's common stock value which effects the valuation of securities underlying IGIA's outstanding note and warrant obligations.
About IGIA: IGIA, Inc., through its wholly-owned subsidiaries, is a designer, developer, and worldwide direct marketer and distributor of innovative personal and home care items. Its globally recognized portfolio of brands includes IGIA(R) and the registered proprietary As Seen On TV(TM) logo. The IGIA name ranks amongst the most recognizable personal care brands as cited by an industry publication. In addition, IGIA markets and sells products through TV infomercials, mass-market retailers, specialty retailers, catalogs and through http://www.igia.com.
This press release contains forward-looking statements. The words or phrases "may," "intends," "expects," "estimate," "indicate," "plans," "anticipates," "could," "if," "will," "should" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. These risks and uncertainties include: (a) whether IGIA and/or Tactica will obtain additional financing to operate and resolve its working capital deficiency, including post-petition administrative expense claims following Tactica's reorganization plan becoming effective on March 28, 2006 and other company liabilities; (b) whether IGIA will have adequate credit card processing capacity and terms with major credit card companies and a credit card processor upon which IGIA's direct response sales operation is dependent; (c) other factors set forth in IGIA's periodic reports and registration statements filed with the Securities and Exchange Commission, which may be reviewed by accessing the SEC's EDGAR system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. IGIA cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, IGIA does not undertake, and IGIA specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
SOURCE: IGIA, Inc.
For IGIA, Inc. Paul Greenfield, 212-575-0500 ext. 134
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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Universal Detection Technology ('UDTT'; www.udetection.com) Links Up With the US Department of Commerce at the US Embassy in Tel Aviv to Promote UDTT's Bio-defense Products in Israel 7/26/2006
LOS ANGELES, July 26, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Universal Detection Technology (OTC Bulletin Board: UDTT; FWB: PO8), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats, announced today that it has been listed on the Commercial Service's list of Featured US Exporters (FUSE) in Israel.
FUSE is a directory of US products featured on US Commercial Service websites around the world. It gives US companies an opportunity to target specific markets in the local language of business. Currently, listings are offered to qualified US exporters seeking trade leads or representation in over 50 markets around the world. This service is offered for a fee.
Israeli buyers and importers interested in UDTT's products will contact the US Commercial Service's office for more information and the Company will also receive the prospects' contact information.
About US Commercial Service
The US Commercial Service is a part of the US Department of Commerce and is active in promoting the sales and presence of US companies in various markets around the world. With offices in the US and in several foreign territories the US Commercial Service offers several ways to grow US businesses' international sales. The tasks of the Commercial Service include, and are not limited to, world-class market research, trade events that promote US products or services to qualified buyers, introductions to qualified buyers and distributors, and counseling through every step of the export process.
About Universal Detection Technology
Universal Detection Technology (UDTT), founded in 1973, is a developer of monitoring technologies, including bio-terrorism detection devices. Management believes that the Company's technology, together with third party technologies, has positioned it to capitalize on opportunities related to Homeland Security. Universal Detection Technology, in cooperation with NASA's Jet Propulsion Laboratory (JPL) has developed a bio-terror 'smoke' detector, which combines JPL's spore detection technology with UDTT's aerosol capture device. For more information, please visit http://udtt.invrel.net or http://www.udetection.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties include, among other things, the funding of amounts of capital adequate to provide for our working capital needs and our timely repayment of debt; our ability to timely and cost effectively complete the development and testing of our products targeted to the bio-chemical market; our ability to commercially produce our products on a profitable basis; commercial acceptance of our products; product price volatility; product demand; market competition and general economic conditions and; other factors described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
SOURCE Universal Detection Technology
Jacques Tizabi of Universal Detection Technology, +1-310-248-3655, jtizabi*udetection.com; or Andrew Hellman of CEOcast, Inc., +1-212-732-4300, for Universal Detection Technology 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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avVaa World Health Care Products Begins National Advertising Campaign 7/26/2006
LUMBY, British Columbia, July 26, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- avVaa World Health Care Products, Inc. (OTC Bulletin Board: AVVW), a biotech company offering therapeutic skin and health care products to customers worldwide, announced today that in partnership with AdSouth Inc. (http://www.adsouthinc.com), a respected national advertising agency, the Company has embarked upon a nationwide advertising campaign to introduce avVaa's flagship NeuroSkin(TM) products to its target audience.
avVaa CEO and Director Jack Farley said, "We are truly excited to begin this new advertising campaign for NeuroSkin, which targets the demographics most likely to purchase our over-the-counter skin care products. The new ad allows us to artfully introduce our high quality, non-toxic skin care products that are designed to meet the needs of the estimated 40 million consumers worldwide who spend $4 billion+ a year on treatments for common skin ailments, including: eczema, psoriasis and acne."
As part of the advertising campaign by AdSouth, full-page, full-color print advertisements will be placed in prominent periodicals throughout the U.S., with high readerships and purchase response to advertising, including US Weekly magazine, among others. To view a copy of the new avVaa ad created by AdSouth, visit http://www.avvaa.com.
About AdSouth Inc.
AdSouth Inc. is an advertising agency specializing in direct response media campaigns.
About avVaa World Health Care Products
avVaa World Health Care Products is a global biotechnology company that specializes in effective, non-toxic, therapeutic skin care products that improve quality of life and well being for consumers.
The Company's patented European skin care formulas are scientifically registered, FDA-compliant, and were developed to relieve and treat the symptoms of common skin ailments, including: eczema, psoriasis and acne. Many avVaa products are already available for over-the-counter purchase at: http://www.help4skincare.com.
avVaa is poised to manufacture and market its OTC NeuroSkin(TM) line of skin care products through mass, food and drug channels in the United States and globally. The Company's secondary line of equine and pet care-related products are already being distributed throughout all of Canada and parts of the United States. For more information, visit: http://www.avvaa.com or http://www.otcfn.com/avvw.
Safe Harbor: Statements contained in this press release that are not based upon current or historical fact are forward looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties, and events that may be beyond the control of avVaa World Health Care Products, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include but are not limited to the ability to procure, properly price, retain, and successfully complete projects, the availability of technical personnel, changes in technology, and competition.
Contact:
Merle Goertz (West Coast) of avVaa World Health Care Products, +1-604-688-2349; or Rick McCaffrey at OTC Financial Network, Investor Relations, +1-781-444-6100 ext. 625
SOURCE avVaa World Health Care Products, Inc.
Merle Goertz (West Coast) of avVaa World Health Care Products, +1-604-688-2349; or Rick McCaffrey of OTC Financial Network, Investor Relations, +1-781-444-6100 ext. 625 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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Mesa Offshore Trust Announces Operational Updates on Certain Trust Properties 7/26/2006
AUSTIN, Texas, Jul 26, 2006 (BUSINESS WIRE) -- Mesa Offshore Trust (OTCBB:MOSH) announced operational updates on certain Trust properties based on information provided by the working interest owners.
On Brazos A-39, the Trustee has been informed that the well completed in the Big Hum 4 sand came on line April 20, 2006. However, this well has been shut in from time to time since then as the operator has encountered and addressed hydrogen sulfide issues. The well has also produced a carbon dioxide content that exceeds pipeline specifications. This higher content requires the operator to mix production at the platform with production from other fields in order to transport the product. Production is being routed to the A-52C platform owned by Noble. That platform is being operated by Arena, which is also serving as the contract operator for the Midway property. The well was shut in July 21, 2006 by Williams Pipeline due to reported detection of mercury in the gas stream. Timing for resolution of this issue is not yet clear. The last flow rate prior to shut in was 2,800 Mcf per day with 4200 psi flowing tubing pressure, with a gradually declining flowing pressure.
The Trustee has been informed the operator on the West Delta 61 block still has not been able to provide any estimates of when production will resume. The West Delta properties have been shut in since August 27, 2005 due to damage to the platform, the pipeline and the sales terminal.
The Trust will provide additional information in connection with the filing of the Form 10-Q for the three and six months ending June 30, 2006 as and if additional operational information becomes available.
SOURCE: Mesa Offshore Trust
Mesa Offshore Trust, Austin JPMorgan Chase Bank, N.A., as Trustee Mike Ulrich, 800-852-1422 or 512-479-2562 www.businesswire.com/cnn/mosh.htm
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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PubliCARD, Inc. Appoints Joseph Sarachek Chief Executive Officer 7/26/2006
NEW YORK, Jul 26, 2006 (PRIMEZONE via COMTEX News Network) -- PubliCARD, Inc. (OTCBB:CARD) today announced that its Board of Directors has appointed Joseph Sarachek as its next Chief Executive Officer effective July 31, 2006. He succeeds Tony DeLise, who is leaving PubliCARD to pursue other opportunities. Mr. Sarachek has also been elected to the Company's Board of Directors.
Mr. Sarachek, 44, is the Managing Director and founder of Triax Capital Advisors, LLC, a restructuring advisory firm. Mr. Sarachek is also an attorney and formerly practiced corporate and bankruptcy law at McDermott, Will & Emery and Kelley Drye & Warren.
As previously disclosed, it is unlikely that the Company will be able to continue as a going concern. See the attached Note for further information.
About PubliCARD, Inc.
Headquartered in New York, NY, PubliCARD, through its Infineer Ltd. subsidiary, designs smart card solutions for educational and corporate sites. More information about PubliCARD can be found on its web site www.publicard.com.
Special Note Regarding Forward-Looking Statements: Certain statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. Such factors include the Company's inability to continue as a going concern and the inability to satisfy obligations to the Pension Benefit Guaranty Corporation. For more information on the potential factors which could affect financial results and the Company's ability to continue as a going concern, refer to the Company's most recent Annual Report on Form 10-K for the year ended December 31, 2005, and quarterly report on Form 10-Q for the quarter ended March 31, 2006, as filed with the Securities and Exchange Commission.
Note--Liquidity and Going Concern Considerations
As a result of the factors described below, it is unlikely that the Company will be able to continue as a going concern. The independent auditors' reports on the Company's Consolidated Financial Statements for the years ended December 31, 2005, 2004, 2003 and 2002 contain emphasis paragraphs concerning substantial doubt about the Company's ability to continue as a going concern.
Infineer Ltd. ("Infineer"), the Company's sole operating subsidiary, has continued to incur operating losses and negative cash flow. During 2003, 2004, and 2005, the Company contributed additional capital to Infineer of $70,000, $225,000 and $150,000, respectively. It is likely that Infineer will require additional capital and the Company does not have the financial resources to provide such support. Given the Company's lack of available resources, continued operating losses and debt position, the Company has begun to consider various alternatives. In 2006, with the assistance of an investment banker, the Company commenced an assessment of the value of Infineer, developed an information memorandum and obtained offers for Infineer's potential for sale. This process has recently concluded without a viable offer for the business. The Board of Directors has not decided whether to continue with the disposition effort. It is therefore uncertain whether an acceptable offer will materialize or whether any such sale will ultimately be consummated. Any such determination to dispose of Infineer would depend upon, among other things, the amount of potential proceeds of any such sale and satisfactory arrangements with the Pension Benefit Guaranty Corporation (the "PBGC") regarding the use of those proceeds, pursuant to the Company's obligations to the PBGC described below. In addition, any such sale would require the approval of the Company's shareholders.
The Company sponsored a defined benefit pension plan (the "Plan") that was frozen in 1993. In January 2003, the Company filed a notice with the PBGC seeking a "distress termination" of that Plan. Pursuant to the Agreement for Appointment of Trustee and Termination of Plan between the PBGC and the Company, effective September 30, 2004, the PBGC proceeded to terminate the Plan and was appointed as the Plan's trustee. As a result, the PBGC has assumed responsibility for paying the obligations to Plan participants. As a result of the Plan termination, the Company's 2003 and 2004 funding requirements due to the Plan amounting to $3.4 million through September 15, 2004 were eliminated.
Under the terms of the Settlement Agreement, effective September 23, 2004, between the PBGC and the Company (the "Settlement Agreement"), the Company is liable to the PBGC for the unfunded guaranteed benefit payable by the PBGC to Plan participants in the amount of $7.5 million. The Company satisfied this liability by issuing a non-interest bearing note (the "Note"), dated September 23, 2004, payable to the PBGC with a face amount of $7.5 million. Pursuant to the Security Agreement and Pledge Agreement, both dated September 23, 2004, the Note is secured by (a) all presently owned or hereafter acquired real or personal property and rights to property of the Company and (b) the common and preferred stock of Infineer and TecSec, Incorporated ("TecSec") owned by the Company. The Company has an approximately 5% ownership interest in TecSec, on a fully diluted basis.
The Note matures on September 23, 2011. The first payment will be equal to $1.0 million and will become due 30 days after the Company has received a total of $4.0 million in Net Recoveries. "Net Recoveries," as defined in the Settlement Agreement, means the net cash proceeds received by the Company with respect to transactions consummated after March 31, 2003 from (a) the sale of the Company's interest in Infineer and TecSec, real property in Louisiana and any other real or personal property assets and (b) any recoveries from the Company's historic insurance program. Thereafter, on each anniversary of the first payment, the Company is required to pay the PBGC an amount equal to 25% of the Net Recoveries in excess of $4.0 million (less the sum of all prior payments made in accordance with this sentence in prior years). As of March 31, 2006, Net Recoveries was approximately $3.6 million. The Company expects to realize additional Net Recoveries of approximately $255,000 in 2006 relating to the release of certain funds currently held in escrow. The Company believes the first payment to the PBGC equal to $1.0 million would become due if additional Net Recoveries from the possible disposition of Infineer or other qualifying source exceeds $135,000.
If the Company defaults under the Settlement Agreement, the PBGC may declare the outstanding amount of the Note to be immediately due and payable, proceed with foreclosure of the liens granted in favor of the PBGC and exercise any other rights available under applicable law.
The Company has incurred operating losses, a substantial decline in working capital and negative cash flow from operations for a number of years. The Company has also experienced a substantial reduction in its cash and short term investments, which declined from $17.0 million at December 31, 2000 to $792,000 at March 31, 2006. The Company also had a shareholders' deficiency of $7.6 million as of March 31, 2006.
Absent a sale of Infineer and satisfaction of any obligation to the PBGC created by such sale, management believes that existing cash and short-term investments will not be sufficient to permit the Company to continue operating past the third quarter of 2006 and the Company would likely cease operations. If a sale of Infineer is consummated, the Company will not thereafter have any ongoing business operations. In either case, the Company does not expect that any funds will be available for distribution to its shareholders.
PubliCARD, Inc. Antonio L. DeLise, President & Chief Financial Officer (212) 651-3120
(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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id-Confirm(TM) to Pilot SecureLink(TM) With Israel's Biocom 7/26/2006
DENVER, July 26, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- id-Confirm, Inc. (OTC Bulletin Board: IDCO) has entered into a contract with Biocom (PhoneLi Group Ltd., Jerusalem, Israel), to conduct a 90-day pilot of id-Confirm's SecureLink System biometric authentication technology.
Biocom (PhoneLi Group Ltd.) specializes in delivering advanced communications networks, including biometric authentication solutions, in a variety of Israeli market sectors. These include academic institutions, banks, government, hospitals, insurance, law and weapons development. The company will pilot SecureLink's network authentication capabilities within customer communications/computer environments.
Robert A. Morrison, id-Confirm Chief Technology Officer, said, "The pilot with Biocom (PhoneLi Group Ltd.) affords us the opportunity to put our biometric authentication technology to use in a highly diverse, real-world environment where our customers can measure the product's performance in terms of technical capacity and operational fit. We fully expect SecureLink to meet Biocom's (PhoneLi Group Ltd.) business need for easy-to-install and easy-to-use, cost-effective biometric authentication functionality."
Balancing security with ease of use, the biometric authentication functionality of SecureLink's end-to-end solution both dramatically enhances defense against cyber attacks, while also eliminating the headaches (and costs) IT staff currently experience due to help desk support calls concerning lost or missing passwords. With SecureLink, passwords are no longer necessary.
SecureLink provides a foolproof, privacy-sensitive method for business, government and private citizens to prevent identity theft and fraud with technology that is ready-to-use and simple to deploy. Headquartered in Denver, Colorado, id-Confirm is an emerging growth company focused on developing and implementing state-of-the-art biometric identity authentication solutions.
SecureLink offers the industry's highest level of security using four-factor authentication deployed in a portable device that's half the size of a small cell phone. The patent-pending id-Confirm SecureLink System includes all the software, hardware and services required for immediate deployment in an integrated, end-to-end solution.
Biocom (PhoneLi Group Ltd.) will be provided with the id-Confirm id4u (TM) personal enrollment devices and the firm's patented biometric enrollment software, which will communicate back to id-Confirm's SecureLink Authenticator(TM) server. The id4u contains an integrated fingerprint reader through which the end user "enrolls" one time by scanning his or her finger across the device in an environment controlled by the issuing authority so as to ensure, without any doubt, that the person enrolling on the device is indeed the person authorized to use it. A one-of-a-kind mathematized representation of the fingerprint is stored only on the device itself, which is always in the possession of the consumer, thus eliminating privacy concerns. No private, personal data is transmitted to or stored on any sort of central database.
After the user has enrolled on the id4u device, whenever a credit card, ATM, on-line banking, e-purchase, debit card, network authentication, Single Sign On or other transaction occurs, completion of the transaction requires that the consumer scan his or her fingerprint to verify that the finger being scanned matches the fingerprint of the person enrolled on the device. Additionally, the user is acknowledging the transaction as a valid transaction, thus eliminating "friendly fraud." If lost or stolen, the device is non-usable by anyone other than the person whose fingerprint is enrolled on the device.
Morrison notes that, "The system assures customers through biometric (fingerprint) authentication that those attempting to enter a network are authorized to do so. No authentication means no entry. Our approach is both elegantly simple and robust."
About id-Confirm
id-Confirm, Inc. (OTC Bulletin Board: IDCO) is a publicly traded, Denver-based company that develops and implements patented biometric solutions to prevent personal identity theft and financial fraud. Additional information can be found at www.id-confirm.com and http://www.inafn.com/IDCO072706.html
About Biocom
Biocom (PhoneLi Group Ltd.) specializes in delivering advanced communications networks, including biometric authentication solutions, in a variety of Israeli market sectors. These include academic institutions, banks, government, hospitals, insurance, law and weapons development. Additional information can be found at www.biocom.co.il.
Notice Regarding Forward Looking Statements:
This news release contains forward-looking statements, as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include the ability of id-Confirm SecureLink System to prevent identify theft or fraud, the grant of any patents relating to the id-Confirm SecureLink System and any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the capabilities and characteristics of the company's mobile biometric communications device and the expansion of the Biocom (PhoneLi Group Ltd.) distribution network and the installation of the SecureLink System in Israel. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage technology company and its products and the entry into new markets for our products. These forward-looking statements are made as of the date of this news release, and id-Confirm assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report on Form 10-KSB, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE id-Confirm, Inc.
Ginger Juhl of Juhl Communications, +1-720-222-0642, ginger*juhlcommunications.com, for id-Confirm, Inc.; Miri Bach - Import Coordinator, mirib*biocom.co.il, or Amit Somech - Marketing Director, amit*biocom.co.il, both of Biocom, +1-972-2-6400500 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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Sentex Sensing Technologies, Inc. President to be Featured on SubPennyRadio.com CLEVELAND, July 26, 2006 (PRIMEZONE) -- Sentex Sensing Technologies, Inc. (OTCBB:SENS) (http://www.sentextech.com), stated today that its newly announced President Henrik Rubinstein will be interviewed on SubPennyRadio.com at 3:00 p.m. Eastern Time, Monday, July 31. During the interview, Mr. Rubinstein will be answering questions about management's review of operations; more directly, the recently announced changes in the company, next steps, updates on the new directions for the company, projects, future prospects, etc.
The interview will air as part of the LIVE evening radio show 8:00 p.m. Eastern Time, Wednesday, August 2. This broadcast is available to anyone from any computer connected to the Internet. The interview will also be looped as part of the archive throughout the following day, August 3. Beginning Monday, August 7 the interview will be accessible as a podcast from either SubPennyRadio.com or Sentextech.com after the loop date.
Shareholders and interested parties are invited to submit their questions prior to the interview, to Simon at: interviews*subpennyradio.com. Simon will then select the questions to be asked of Mr. Rubinstein.
About SubPennyRadio
SubPennyRadio is a commercial-free, interactive broadcast offering listeners exclusive interviews with subject-matter experts, insight into enterprising companies, and detailed technical analysis. The show scans the trading field covering well-known companies to undiscovered market gems trading on the U.S. stock exchanges and OTC/OTCBB.
SubPennyRadio encourages "better investing" by highlighting common characteristics of stocks on the verge of a breakout in their particular industries. Emphasis is on due diligence that include reviewing charts, SEC filings, and news events. For additional information visit http://www.subpennyradio.com.
About Sentex Sensing Technologies Inc.
Sentex Sensing Technology, Inc. (http://www.sentextech.com) is a corporation duly organized in 1980 in the state of New Jersey. It originally designed, manufactured and marketed sensor technology equipment, and subsequently computer equipment.
About Security IT Vision, Inc.
Security IT Vision, Inc., an Oregon corporation (http://www.secitv.com), is head company of Astro Datensysteme AG (http://www.astro.de) which is a major international accredited biometrics technology provider. Astro was the first company in the market which brought biometrics security to a commercial success. SECITV has partners and clients on the Fortune 100 listing.
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 Imperia Entertainment, 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.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Go To Bed Juice....you are making me feel guilty. This is the reason I would never want to compare portfolios! Posts: 781 | From: NE PA | Registered: Jan 2006
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Print This Story Email This Story Save this Link View PR Newswire's RSS Feed Bookmark with del.icio.us Modavox to Launch Three New 24/7 Video Networks
Three Emerging News Media and Niche Communities Added to the VoiceAmerica(TM) Network Through Business Partnership
PHOENIX, July 27 /PRNewswire-FirstCall/ -- A dynamic business partnership has formed between MagnaBand.Net, a leading internet video news network, and Modavox, Inc. (OTC Bulletin Board: MDVX) utilizing its VoiceAmerica(TM) Network ( http://www.voiceamerica.com ), one of the worlds leading live internet talk-radio operations. Together these two internet media powerhouses combine to bring cutting edge internet streaming audio/video technologies and programming directly into offices and homes of a forecasted 400 million plus hi-speed internet subscribers. "Our desire was to reach out to a global audience with instant delivery of timely information which is fresh and cutting edge," states David Ide, CEO of Modavox. "Early adopters of emerging technologies are tipping the demand for news, entertainment, education, and information to be available through all portable devices. This partnership with Modavox and MagnaBand.net merges the distribution solution with news and information at the click of a button." Starting on August 15, 2006, VoiceAmericaFinance.com, VoiceAmericaJustice.com, and VoiceAmericaVotes.com will be distributed through the VoiceAmerica(TM) Network featuring the news and information content of MagnaBand.net's ItsAboutFinance.tv, VoteAcrossAmerica.com and JusticeSystem.tv. These sites feature news, celebrity news, market reports and interviews of Chief Executive Officers who are driving innovation across the American business landscape. About MagnaBand: MagnaBand.net is an online television broadcasting network community committed to mass media as a platform to raise and discuss the burning issues of the day. Founded by partners Carol Davis and well known Attorney Mark Geragos in 2000, it is the first network of its kind in the United States and features the longest continuously running television broadcasts on the web. Currently, the network broadcasts news media daily across these sites: http://www.ItsAboutFinance.tv , http://www.TheJusticeSystem.net , http://www.JusticeSystem.tv and http://www.VoteAcrossAmerica.com . About Modavox: Modavox, Inc. ( http://www.modavox.com ), a pioneer in internet broadcasting, producing and syndicating online audio and video, offers innovative, effective and comprehensive online tools for reaching targeted communities worldwide. Through patented Modavox Central(TM) technology, Modavox delivers content straight to desktops and internet-enabled devices. Through proprietary StreamSafe(TM), WebcastWizard(TM) and Stream Syndicate(TM) tools, Modavox provides managed access for live and on-demand internet broadcasting/syndication; content management; and Rich Media Advertising, event management, enterprise communications and distance learning. Media Contact: Denise Dion 480-643-5632 denise.dion*modavox.com This press release distributed by PRWEB ( http://www.prwebdirect.com ), a service of eMediaWire.
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Print This Story Email This Story Save this Link View PR Newswire's RSS Feed Bookmark with del.icio.us id-Confirm(TM) to Pilot SecureLink(TM) With Israel's Biocom
DENVER, July 26 /PRNewswire-FirstCall/ -- id-Confirm, Inc. (OTC Bulletin Board: IDCO) has entered into a contract with Biocom (PhoneLi Group Ltd., Jerusalem, Israel), to conduct a 90-day pilot of id-Confirm's SecureLink System biometric authentication technology. Biocom (PhoneLi Group Ltd.) specializes in delivering advanced communications networks, including biometric authentication solutions, in a variety of Israeli market sectors. These include academic institutions, banks, government, hospitals, insurance, law and weapons development. The company will pilot SecureLink's network authentication capabilities within customer communications/computer environments. Robert A. Morrison, id-Confirm Chief Technology Officer, said, "The pilot with Biocom (PhoneLi Group Ltd.) affords us the opportunity to put our biometric authentication technology to use in a highly diverse, real-world environment where our customers can measure the product's performance in terms of technical capacity and operational fit. We fully expect SecureLink to meet Biocom's (PhoneLi Group Ltd.) business need for easy-to-install and easy-to-use, cost-effective biometric authentication functionality." Balancing security with ease of use, the biometric authentication functionality of SecureLink's end-to-end solution both dramatically enhances defense against cyber attacks, while also eliminating the headaches (and costs) IT staff currently experience due to help desk support calls concerning lost or missing passwords. With SecureLink, passwords are no longer necessary. SecureLink provides a foolproof, privacy-sensitive method for business, government and private citizens to prevent identity theft and fraud with technology that is ready-to-use and simple to deploy. Headquartered in Denver, Colorado, id-Confirm is an emerging growth company focused on developing and implementing state-of-the-art biometric identity authentication solutions. SecureLink offers the industry's highest level of security using four-factor authentication deployed in a portable device that's half the size of a small cell phone. The patent-pending id-Confirm SecureLink System includes all the software, hardware and services required for immediate deployment in an integrated, end-to-end solution. Biocom (PhoneLi Group Ltd.) will be provided with the id-Confirm id4u (TM) personal enrollment devices and the firm's patented biometric enrollment software, which will communicate back to id-Confirm's SecureLink Authenticator(TM) server. The id4u contains an integrated fingerprint reader through which the end user "enrolls" one time by scanning his or her finger across the device in an environment controlled by the issuing authority so as to ensure, without any doubt, that the person enrolling on the device is indeed the person authorized to use it. A one-of-a-kind mathematized representation of the fingerprint is stored only on the device itself, which is always in the possession of the consumer, thus eliminating privacy concerns. No private, personal data is transmitted to or stored on any sort of central database. After the user has enrolled on the id4u device, whenever a credit card, ATM, on-line banking, e-purchase, debit card, network authentication, Single Sign On or other transaction occurs, completion of the transaction requires that the consumer scan his or her fingerprint to verify that the finger being scanned matches the fingerprint of the person enrolled on the device. Additionally, the user is acknowledging the transaction as a valid transaction, thus eliminating "friendly fraud." If lost or stolen, the device is non-usable by anyone other than the person whose fingerprint is enrolled on the device. Morrison notes that, "The system assures customers through biometric (fingerprint) authentication that those attempting to enter a network are authorized to do so. No authentication means no entry. Our approach is both elegantly simple and robust." About id-Confirm id-Confirm, Inc. (OTC Bulletin Board: IDCO) is a publicly traded, Denver-based company that develops and implements patented biometric solutions to prevent personal identity theft and financial fraud. Additional information can be found at http://www.id-confirm.com and http://www.inafn.com/IDCO072706.html About Biocom Biocom (PhoneLi Group Ltd.) specializes in delivering advanced communications networks, including biometric authentication solutions, in a variety of Israeli market sectors. These include academic institutions, banks, government, hospitals, insurance, law and weapons development. Additional information can be found at http://www.biocom.co.il. Notice Regarding Forward Looking Statements: This news release contains forward-looking statements, as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include the ability of id-Confirm SecureLink System to prevent identify theft or fraud, the grant of any patents relating to the id-Confirm SecureLink System and any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the capabilities and characteristics of the company's mobile biometric communications device and the expansion of the Biocom (PhoneLi Group Ltd.) distribution network and the installation of the SecureLink System in Israel. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage technology company and its products and the entry into new markets for our products. These forward-looking statements are made as of the date of this news release, and id-Confirm assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report on Form 10-KSB, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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Cargo Connection Logistics Holding, Inc. Reports Increased Sales at New York JFK Terminal Thursday July 27, 5:00 am ET
Addition of New Vice President of Sales and Marketing Helps to Deliver More Than $300,000 in Additional Monthly Sales
INWOOD, NY--(MARKET WIRE)--Jul 27, 2006 -- Cargo Connection Logistics Holding, Inc. (OTC BB:CRGO.OB - News) (Berlin:CD6.BE - News) (Frankfurt:217026.F - News) today announced that its wholly owned subsidiary, Cargo Connection Logistics Corp., has increased sales at its New York JFK terminal. The Company said that the addition of Bill O'Connell as vice president of sales and marketing has helped yield new, monthly business in excess of $300,000. ADVERTISEMENT
"These past six weeks have proven to be very interesting and certainly extremely opportunistic," said Bill O'Connell, Vice President of Sales and Marketing. "My arrival here has helped open the door wide for our new customers' business. For me, the transition to Cargo Connection Logistics has been seamless. I enjoy being part of a progressive, well organized, management team."
"It's time for my former customers to celebrate the transition to Cargo Connection Logistics Corp.," added O'Connell. "Cargo Connection Logistics Corp. has all of the tools that my customers have needed. I also believe that web tracking and being able to obtain a proof of delivery verification through web access are many of the enhancements that my former customers demanded. Cargo Connection Logistics has expanded its operations at its New York hub to include local cartage, city pickup, and delivery service and the customers are using all aspects of the new service."
"Bill has hit the ground running and the new business is flowing through our JFK facility," said Jesse Dobrinsky, President and CEO of Cargo Connection Logistics Holding, Inc. "He has already begun working with some of the Fortune® 500 companies based out on Long Island. Now he will begin tapping into relationships around the Country to help introduce them to the quality services that our Company provides."
"Cargo Connection Logistics Corp.'s reputation with United States Customs and their professional Customer Service agents have made our customers feel as though they have been doing business with Cargo Connection Logistics for years," added O'Connell. "While JFK was has been the primary target to initiate new business, having facilities around the Country is a very helpful and attractive sales tool that is already being well received by many of my long-time industry contacts who appreciate the concept of utilizing Cargo Connection Logistics Corp. as a single-source solution for their logistics needs."
About Cargo Connection Logistics Holding, Inc.:
Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and Cargo Connection Logistics - International, Inc. (formally Mid-Coast Management, Inc.), which are both headquartered in Inwood, NY. The Company also has offices in Atlanta, GA; Charlotte, NC; Chicago, IL; Columbus, OH; Miami, FL; New York, NY; Pittsburgh, PA; and San Jose, CA. Cargo Connection Logistics is a leader in world trade logistics.
Headquartered adjacent to JFK International Airport, the company is a transportation logistics provider for shipments importing into and exporting out of the United States, with service areas throughout the United States and North America. The companies currently provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. They have U.S Customs Bonded Container Freight Station operations specifically designed to handle internationally arriving freight for the major retail suppliers through its CFS facilities in Florida, Georgia, Illinois, New York and Ohio. They also have a General Order Warehouse operating in New York.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time-to-time in the Company's reports filed with the Securities and Exchange Commission, including, without limitation:
Posts: 725 | From: Levelland | Registered: Mar 2006
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NEW YORK, July 27, 2006 (PRIMEZONE) -- W2 Energy Inc. (Pink Sheets:WWEN), a developer of green energy, is pleased to announce a corporate status report. Mr. Michael McLaren reports:
The company continues to work to file its 10-sb and expects to file within the next 3 weeks. Once filed and the financials have cleared comments by the SEC, the company will immediately make application to the OTCBB and the Frankfurt exchange. The company still intends to make application to the AMEX exchange once the financials have cleared comments and are confident that acceptance to this exchange is imminent.
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Management continues to push the 100 BBD plasma assisted biomass to diesel project as fast as possible and are excited with the progress and results to date.
Management continues to seek joint ventures and partnerships to assist in the market distribution of our products.
The company continues to source possible synergistic technologies and acquisitions and has presented a letter of intent to purchase a clean coal technology and will release further details shortly once the offer is accepted.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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NEW YORK--(BUSINESS WIRE)--July 27, 2006--First Guardian Financial Corporation's (PINK:FGFC) Board of Directors and Executive Management has approved the terms of a new 50 million dollar revolving warehouse credit facility. The new facility allows advances up to the facilities amount of 50 million dollars against eligible collateral and matures August 1, 2007.
With the new warehouse facility now in place the company will step up its marketing and aggressively pursue its commercial real estate finance & business lending activities.
The company is also close to closing a second 50 million dollar revolving warehouse credit facility for its Trafalgar Leasing & Financing subsidiary, and expect to have that completed within the next week or two.
The new warehouse lines of credit will allow the company to increase and accelerate its lending activities significantly, thus increasing fee generated revenues, such as points, interest rate spreads and other administrative fee income.
"We are very pleased to have been able to obtain this line of credit and are equally looking forward to obtaining the second line of warehouse credit as this will give us an initial combined line of 100 million dollars and enable us to grow at a much faster pace." Said Abraham Rosenman President of First Guardian Financial Corporation
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests and provides financing for its own portfolio in small to mid sized businesses nationally. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain 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. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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JMCP 0.0001 to use its first ethanol plant as a demo model with the intent to manufacture
CHICAGO--(BUSINESS WIRE)--July 27, 2006-- Diversified Ethanol, a division of James Monroe Capital Corporation (Pink Sheets:JMCP) has announced that it is going to use its first ethanol plant as a demo model with the intent to manufacture small, upgradeable ethanol plants for middle America. With all of the interest the company generated with its unusual scaled-down approach at getting into the ethanol industry, a group of investors have asked that the company manufacture these plants for the national market, starting with them of course. Now company will be starting a waiting list for its low-cost ethanol plants, and expects to be able to construct them rapidly after the first plant is under way. The plants will be very adaptable, and share a common floor plan and parts for low-cost future maintenance. Target markets to purchase the small ethanol plants include large-scale farming operations, convenience store chains, and the investors wishing to own their own 24 hour ethanol plants who are unable to come up with the hefty down payment required to build a 50 to 100 million gallon per year plant. The company is now lining up vendors, buying tanks, and is in talks with a handful of experienced subcontractors and engineers who have their own designs, and new twists on proven designs. Moffitt said, "Diversified has not yet decided which ethanol engineering team will get to participate, but whichever team we decide to work with, they will be very busy will be providing an expandable, entry-level product that can grow with the customer and is very cost-effective. People have been asking when we will be producing ethanol, we've already done that in tests, but our best estimate is that we would like to begin test runs in the plant by the end of August, and begin 24-hour production by the end of September. After everything has been optimized, we will at that time begin the next plant expansions to double capacity. With a good workflow, it will be almost as easy to build ten stripping/reflux columns as it is to custom build one. With the price quotes we received from some of the over-worked existing contractors out there, we realized that this market is booming and we couldn't find anyone else ready to fill the need for small turn-key plants." For now, potential customers wishing to purchase an ethanol plant should email info*jamesmonroecapital.com with the subject titled "Ethanol Plants." Qualified customers will receive a guaranteed plant, and should be prepared to pay a non-refundable $10,000 reservation fee. The entry-level plant, with no frills, is roughly estimated to cost $400,000 and will produce 100,000 gallons per year. The larger the plant, the more cost effective it will be.
This press release does not constitute an offer of any securities for sale. This press release contains certain 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. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
KEYWORD: NORTH AMERICA ILLINOIS UNITED STATES INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY SOURCE: James Monroe Capital Corporation
CONTACT INFORMATION: James Monroe Capital Corporation, Northbrook Chris McGovern, 847-418-3848
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PSCO 0.06 reported the results for its second quarter ended July 1, 2006
MINNEAPOLIS, MN -- (MARKET WIRE) -- 07/27/06 --8:15:04 AM Analysts International (NASDAQ: ANLY) reported the results for its second quarter ended July 1, 2006. Revenues totaled $87.9 million for the quarter, compared to $79.1 million for the comparable quarter a year ago and $86.8 million for the first quarter. For the quarter, the Company reported a net loss of $(258,000), or $(.01) per diluted share, compared to a net loss of $(2.4) million or $(.10) per diluted share for the second quarter of 2005 including $1.6 million or $(.07) per diluted share of merger and severance-related costs.
Jeff Baker, President and Chief Executive Officer of the Company, stated, "We are pleased to report that the momentum we referenced at the end of the first quarter continues to accelerate as a result of new business wins and the resulting growth in revenues. While this new business required certain upfront investments that had an impact on near term profitability, we expect that, over time, these investments will result in enhanced profitability and greater returns to our shareholders. We look forward to discussing our wins and opportunities in greater detail on today's conference call."
For the six months ended July 1, 2006, the Company reported revenues of $174.7 million compared to $158.2 million for the first half of 2005. The net loss for the period was $(4,000), or $(.00) per diluted share, compared to a net loss of $(3.1) million, or $(.13) per diluted share, including merger and severance-related costs of $1.6 million or $(.07) per diluted share.
Analysts will host a conference call today at 9:30 a.m. CDT to discuss these results in detail and answer questions participants may have. Interested parties may access the call by dialing 1-877-241-6895 or 1-973-339-3086 for international participants a few minutes before the scheduled start and ask for the Analysts International conference call moderated by Company President and CEO, Jeff Baker. The call may also be accessed via the internet at www.analysts.com, where it will be archived. Interested parties can also hear a replay of the call from 11:30 a.m. CDT on July 27, 2006 until 10:59 p.m. on August 10, 2006, by calling 1-877-519-4471 and using access code 7628321. The Company will also file an 8-K with the Securities and Exchange Commission that will provide a full transcript of the prepared remarks delivered on the call.
Cautionary Statement for the Purpose of Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995
This Press Release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Forward-looking statements also include the assumptions underlying or relating to any of the foregoing statements. Such forward-looking statements are based upon current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Statements made in this Press Release by the Company or its President and CEO, Jeffrey Baker, regarding: (i) future growth in revenue or profit or the pace thereof; and (ii) improved returns to shareholders are forward-looking statements. These statements are not guarantees of future performance, involve certain risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. Therefore, actual outcomes and results may differ materially from what is expressed herein. In any forward-looking statement in which the Company or Mr. Baker expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement or expectation or belief will result or be achieved or accomplished. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: (i) the risk that the Company is unable to grow revenue or profit from new business opportunities as expected; (ii) the risk that the Company will be unable to sustain any revenue or profit levels achieved in the future; and (iii) the risk that shareholder returns may not improve even if the Company achieves growth in revenue and profit; (iv) the risk that the Company loses all or a significant portion of a significant client contract; and (v) other economic, business, competitive and/or regulatory factors affecting the Company's business generally, including those set forth in the Company's filings with the SEC, including its Annual Report on Form 10-K for its most recent fiscal year, especially in the Management's Discussion and Analysis section, its most recent Quarterly Report on Form 10-Q and its Current Reports on Form 8-K. All forward-looking statements included in this Press Release are based on information available to the Company on the date of this Press Release. The Company undertakes no obligation (and expressly disclaims any such obligation) to update forward-looking statements made in this Press Release to reflect events or circumstances after the date of the Press Release or to update reasons why actual results would differ from those anticipated in such forward-looking statements.
About Analysts International
Headquartered in Minneapolis, Analysts International is a diversified IT services company. In business since 1966, the company has sales and customer support offices in the United States and Canada. Lines of business include Full Service Staffing, which provides high demand resources for supporting a client's IT staffing needs; Solutions Services, which provides business solutions and network infrastructure services; Managed IT Services and Government Solutions. The company partners with best-in-class IT organizations, allowing access to a wide range of expertise, resources and expansive geographical reach. For more information, visit www.analysts.com.
Analysts International Corporation Consolidated Statements of Operations (unaudited)
Three Months Ended Six Months Ended -------------------- -------------------- (in thousands except per share amounts) July 1, July 2, July 1, July 2, 2006 2005 2006 2005
(Loss) Income before income taxes (250) (2,375) 17 (3,081) Income tax expense 8 -- 21 -- --------- --------- --------- ---------
Net (loss) income $ (258) $ (2,375) $ (4) $ (3,081) ========= ========= ========= =========
Per common share: Basic (loss) income $ (.01) $ (.10) $ (.00) $ (.13) --------- --------- --------- --------- Diluted (loss) income $ (.01) $ (.10) $ (.00) $ (.13) --------- --------- --------- ---------
Average common shares outstanding 24,620 24,504 24,616 24,410 Average common and common equivalent shares outstanding 24,620 24,504 24,616 24,410
Analysts International Corporation Consolidated Balance Sheets
July 1, December 31, 2006 2005 (in thousands) (unaudited) --------- --------- Assets
Current assets: Cash and cash equivalents $ 362 $ 64 Accounts receivable, less allowance for doubtful accounts 70,227 66,968 Other current assets 2,846 2,383 --------- --------- Total current assets 73,435 69,415
Property and equipment, net 3,637 4,056 Other assets 27,238 28,533 --------- --------- $ 104,310 $ 102,004 --------- ---------
Liabilities and Shareholders’ Equity
Current liabilities Accounts payable $ 27,007 $ 24,581 Salaries and vacations 8,775 8,260 Line of credit 5,526 5,000 Deferred revenue 1,223 1,645 Restructuring accrual, current portion 747 971 Self-insured health care reserves and other amounts 2,012 2,776 --------- --------- Total current liabilities 45,290 43,233
*To supplement our consolidated financial statements presented in accordance with GAAP, we use the non-GAAP financial measure of Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) which is adjusted from results based on GAAP to exclude certain items. We have excluded the one-time costs associated with our attempted merger with Computer Horizons to provide a meaningful comparison between current results and prior reported results. This non-GAAP financial measure is provided to enhance the user's overall understanding of our current financial performance and our prospects for the future. This measure should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. The non-GAAP financial measure included in this press release has been reconciled to the nearest GAAP measure.
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SMMW 0.0002 approved a $400,000.00 increase to the Company's previously announced VVV buy back
DENVER, CO -- (MARKET WIRE) -- 07/27/06 -- Summus Works, Inc. (PINKSHEETS: SMMW) announced that in a special meeting, its Board of Directors unanimously approved a $400,000.00 increase to the Company's previously announced VVV buy back program to ensure "long term shareholder value, efficiently complete pending and future mergers and acquisitions, and foster visibility, volume and value to continue to attract and facilitate the ideal opportunities for the Company's future growth."
The now approved buy back of up to $1,148,000.00 of Company common stock will continue to be implemented at the price per share relative to **********'s calculated "SqueezeTrigger."
Management reiterated that the Board's decision to implement and increase the VVV buy back with financing secured personally by Company officers and members of the Board, undeniably displays its commitment to increasing shareholder value and guaranteeing the maximum potential for the Company's future growth.
"The Board recognized this opportune time to implement and expand the Company's share repurchase initiative. Its continuation in respect to the SqueezeTrigger price and other preventative measures challenging abusive short selling activities will further ensure our ability to attract and execute ideal opportunities for growth into the future," 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.
Investor Relations Contact: SmallCapVoice.com Stuart T. Smith 512-267-2430 Email Contact
Company Contact: Summus Works, Inc. Dan Burgess 888-607-9495 Email Contact
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GSHF 0.1580 exclusive rights to distribute and use ZeroPoint's proprietary gasification, gas to liquids and fuel reforming technology in the Ethanol Production Industry NEW YORK--(BUSINESS WIRE)--July 27, 2006-- GS CleanTech Corporation (OTC Bulletin Board: GSCT) today announced its execution of an agreement with ZeroPoint Clean Technology, Inc. for the exclusive rights to distribute and use ZeroPoint's proprietary gasification, gas to liquids and fuel reforming technology in the Ethanol Production Industry. ZeroPoint's Biomass Gasifier is designed to standardize variable biomass feeds and optimize high yields of high-quality syngas in real-time with greatly increased capital and operating cost efficiencies at smaller scales as compared to traditional gasification technologies. The syngas output of ZeroPoint's gasifier can either be used to generate electricity in a standard gas-fired generator or catalyzed into liquid fuels such as ethanol or diesel substitutes with the Fischer-Tropsch process. David Winsness, GS CleanTech's president and chief operating officer, said that "We believe that the ZeroPoint technology is the most effective commercially viable technology available for gasifying biomass. The technology is modular and capable of small and large scale applications. It is flexible and can readily accommodate increasing and variable capacities with variable feeds, and it can be manufactured with rapid delivery cycles. For GS CleanTech, the ZeroPoint technology adds significant additional capability to our clean fuel technology program."
Biomass Gasification and Synthesis Gas
When biomass is heated with little oxygen needed for efficient combustion, the biomass breaks apart into its molecular constituents, or it gasifies, into a mixture of carbon monoxide and hydrogen gas called synthesis gas, or syngas. This is similar to the process that occurs with wood in a fireplace. As the wood becomes very hot, it gives off its volatile gases - syngas - and it falls apart into a relatively low volume of ash. Because there is an open flame and ample free oxygen, the syngas emitted by wood in a fireplace combusts immediately and produces fire. Gasification converts carbonaceous materials into syngas, and a biomass gasifier is a system that can gasify biomass such as wood waste, municipal waste, or agriproducts into syngas. Importantly, syngas produced in a biomass gasification process can be converted into liquid fuels and other products through a catalytic chemical reaction called the Fischer-Tropsch process. To date, the most significant resistance to wide-scale use of biomass gasification has been the requirement to customize gasifiers for the specifics of each individual application. This is because different forms of biomass have different sizes shapes, densities, moisture contents, cellulosic structures and gasification and devolitization characteristics. Customization requirements and the practicality of gasifying variable feeds have typically constrained gasifiers to larger scale, capital intensive designs.
3.9 Gallons of Clean Fuel Per Bushel of Corn
GS CleanTech is currently focused on delivering its technologies and process innovations to the Ethanol Production Industry with a view towards maximizing the yield of corn-based ethanol production. Traditional ethanol processing converts each bushel of corn, which weighs about 54 pounds, into about 18 pounds of ethanol, 18 pounds of carbon dioxide, and 18 pounds of distillers dried grains (DDG), which contain about 2 pounds of fat. This corresponds to a corn to clean fuel conversion efficiency of about 33%, or about 2.8 gallons of clean fuel per bushel of corn. GS CleanTech's ambition is to increase this efficiency as much as possible. GS CleanTech's patent-pending corn oil extraction and biodiesel processing technologies convert the fat in the DDG into a high grade corn oil that can then be converted into biodiesel on close to a 1:1 volumetric basis. This increases the corn to clean fuel conversion efficiency described above to 36%, or about 3.0 gallons of clean fuel per bushel of corn. The ZeroPoint technology has the potential to add to the corn to clean fuel conversion efficiency by gasifying the remaining 16 pounds of defatted DDG in the above example and using the resultant syngas to generate electricity and to produce additional ethanol with the Fischer-Tropsch process. Winsness added: "We believe that deploying the ZeroPoint technology in concert with our turn-key corn oil extraction and biodiesel processing technologies will potentially enable us to increase the corn to clean fuel conversion efficiency from 33% to more than 48%, or from 2.8 to more than an incredible 3.9 gallons of clean fuel per bushel of corn. We are very excited by the potential of this technology in our program and its ability to create additional opportunities for ethanol producers and their regional communities to maximize the clean fuel yield out of existing crops."
About GS CleanTech Corporation
GS CleanTech Corporation (OTC Bulletin Board: GSCT) provides applied engineering and technology transfer services based on clean technologies and process innovations that make it cost-effective and easy to recycle and reuse resources. GS CleanTech is a majority-owned subsidiary of GreenShift Corporation (OTC Bulletin Board: GSHF), a company devoted to facilitating the efficient use of natural resources.
About ZeroPoint Clean Technology, Inc.
ZeroPoint Clean Technology, Inc. is commercializing patent pending and proprietary gasification, gas to liquids and fuel reforming technology that ZeroPoint believes is the most effective technology available for use in gasifying biomass to create carbon-neutral energy (gas, electricity, ethanol, diesel substitutes and hydrogen), clean water and other valuable products. ZeroPoint's technology is well suited for distributed deployments, making it highly applicable to the localized nature of many global sources of biomass feedstock. ZeroPoint believes that its commercial offerings are highly valuable to the rapidly growing global, renewable energy industry. ZeroPoint is a part of the Golden Technology Management portfolio.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GS CleanTech Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY TECHNOLOGY MANUFACTURING ENGINEERING NATURAL RESOURCES CONTRACT/AGREEMENT SOURCE: GS CleanTech Corporation
CONTACT INFORMATION: GS CleanTech Corporation, 888-895-3585 Fax: 646-572-6336 investorrelations*greenshift.com www.greenshift.com or Investor Relations: CEOcast, Inc. Andrew Hellman, 212-732-4300 or Public Relations: Walek & Associates Deborah McCandless, 212-590-0523 Fax: 212-889-7174 dmccandless*walek.com www.walek.com
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HMGP 0.10 acquisition of approximately 104 additional wells. These additional GRAHAM, Texas--(BUSINESS WIRE)--July 27, 2006-- Hemi Energy (Pink Sheets: HMGP) is finalizing the
wells are located adjacent and offsetting to the 63 wells currently being upgraded and converted to EOR (Enhanced Oil Recovery). This acquisition will allow for ongoing expansion of Hemi's current Eastern Kansas EOR operations. This critical acquisition will give Hemi in excess of four contiguous square miles of EOR operations. This acquisition is expected to close within 7-14 working days On a further note, Canadian geologist E. A. Eddie Hunt of Tectonic Energy Consulting Inc., Calgary, Alberta, Canada, has completed his Kansas field research and has returned to Calgary to begin preparation of optimum EOR stimulation methods in order to yield maximum production and recovery of the petroleum reserves. According to Hunt, preliminary indications show significantly higher than anticipated proved reserves, which may also warrant the need for in-fill and step-out drilling of new wells. A full geological report should be completed within 7-14 working days.
About Hemi
Hemi Energy Group is an independent crude oil and natural gas producer employing a unique business model capitalizing on technological advances to exploit mature fields with millions of barrels of proven oil remaining in the ground. Using attractive lease/royalty packages, Hemi has secured tens of thousands of acres of productive, domestic projects. The company's forward-thinking strategy has placed it in an enviable position at a time when prices and global demand for oil continue to rise. Building on decades of experience in enhanced oil recovery, Hemi has successfully amassed a substantial and attractive portfolio of these high-quality domestic properties. By streamlining operations through cutting-edge technologies, Hemi has the ability to operate more effectively and efficiently than larger oil companies.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
KEYWORD: NORTH AMERICA KANSAS TEXAS UNITED STATES INDUSTRY KEYWORD: ENERGY OIL/GAS PRODUCT/SERVICE SOURCE: Hemi Energy Group
CONTACT INFORMATION: Stock Information Systems Inc. James McBeth, 801-568-1873
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IBCX 0.0050 reached an agreement to acquire the 49% minority interest in the Memphis Airport Days
NEW YORK--(BUSINESS WIRE)--July 27, 2006-- IBAC Corporation (PINK SHEETS: IBCX) today announced that they have reached an agreement to acquire the 49% minority interest in the Memphis Airport Days Hotel/Graceland that it does not own from its minority partners. The company expects the deal to be completed within the next thirty days baring any legal complications. The company has recently spent upwards of $200,000.00 in required improvements to the Memphis property that included new air conditioners, new Days Hotel Signs, new perimeter fencing, roofing, panting and furniture. The company just recently completed the acquisition of the 49% minority interest that it didn't own in the Sanibel Restaurant Group. That will leave the company with 100% ownership of The Sanibel Restaurant Group and the Bonita Springs Restaurant Group and the Memphis Airport Days Hotel/Graceland, leaving only a 49% minority partner in the Royal Arkansas Hotel & Suites property. "The company's strategy going forward is to control 100% ownership of all its properties thus strengthening its balance sheets, with complete control over cash flows and 100% of the equity in the properties. The company has also looked at other properties for acquisition and will be submitting proposals for them within the next few weeks," said Wayne Burmaster, President & COO, IBAC Corporation.
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.
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES INDUSTRY KEYWORD: TRAVEL LODGING RETAIL FOOD/BEVERAGE RESTAURANT CONTRACT/AGREEMENT MERGER/ACQUISITION SOURCE: IBAC Corporation
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ICRD 0.17 International Card Establishment Obtains $1,000,000 Credit Facility and Completes Restructuring Initiatives
July 27, 2006 - 6:00 AM EDT
CAMARILLO, Calif., July 27 /PRNewswire-FirstCall/ -- International Card Establishment, Inc. (I.C.E.) (OTC Bulletin Board: ICRD) today announced it had obtained a $1,000,000 line of credit from a private party to enable it to fund its growth. The terms of the line of credit calls for the Company to pay an interest rate of prime plus three points.
In addition to its recent retirement of approximately $1,700,000 in debt (associated with the sale of its GlobalTech leasing unit), the Company was successful in retiring an additional $500,000 in debt and accrued interest from the proceeds of the GlobalTech sale. Apart from the new line of credit, I.C.E. has no long-term debt.
After a careful evaluation of the credit-card 2processing market in general, and of the current lofty acquisition prices for portfolios of merchant accounts, I.C.E. has opted to grow its credit card processing business organically through a network of independent agents.
In order to attain profitable growth in both its credit card and gift and loyalty card units, I.C.E. has instituted a number of cost-cutting measures ranging from an approximate 50% head-count reduction to the closure of unprofitable Company owned sales offices.
Executive management has also agreed to take only nominal salaries and will be chiefly compensated on a performance basis. This last measure was instituted by management to closely align its interests with those of the Company's shareholders.
The restructuring efforts, which have culminated with the acquisition of the $1,000,000 credit facility, are designed for I.C.E. to rapidly, but organically attain positive EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) and in the near future, profitability.
Separately, the Company announced that it had appointed Mr. Dana E. Marlin as its new General Manager. Most recently, Mr. Marlin has been a successful private equity investor in the credit card processing field. Mr. Marlin is a certified public accountant with over 20 years experience in finance, operations and sales with both public and private companies.
'Given the current acquisition prices for merchant account portfolios, I.C.E. has decided to concentrate its financial and management resources into growing the Company organically through a network of independent agents,' said William Lopshire, CEO, I.C.E. 'Having pared our facilities and staff to the most efficient configuration possible, we should be able to quickly become EBITDA positive and attain profitability with even modest revenue gains. However, our plans are considerably more ambitious, as we have implemented an operation plan to prudently expand our independent agent network which should result in solid revenue growth in 2007.'
Mr. Lopshire went on to add, 'We consider ourselves very fortunate to have Mr. Marlin join our team. Mr. Marlin has been instrumental in assisting the Company with the implementation of overhead reduction measures as well as identifying operational efficiencies and strategic growth initiatives.'
I.C.E. is a rapidly growing provider of diversified products and services to the electronic transaction processing industry. I.C.E. establishes merchant accounts for businesses that enable them to accept credit cards, debit cards and other forms of electronic payments; supplies point-of-sale systems; facilitates processing; and markets a proprietary 'Smart Card'-based system through its wholly-owned Neos Merchant Solutions subsidiary (http://www.neosmerchant.com) that enables merchants to offer store-branded gift and loyalty cards.
Forward-Looking Statements
This press release may contain forward-looking statements that are subject to risks and uncertainties. Important factors which could cause actual results to differ materially from those in the forward-looking statements, include but are not limited to: the company's short operating history which makes it difficult to predict its future results of operations; the company's initial history of operating losses with possible future losses which could impede its ability to address the risks and difficulties encountered by companies in new and rapidly evolving markets; the company's future operating results could fluctuate which may cause volatility or a decline in the price of the company's stock; the possibility that the company may not be able to price its services above the overall cost causing its financial results to suffer; and other factors detailed in this press release and in future company filings with the Securities and Exchange Commission, at such time as the company is required to report its results of operations under the Securities Exchange Act of 1934, as amended.
Contact: Wain Swapp Chief Financial Officer, I.C.E. 866-423-2491 x532 email: wswapp*neosmerchant.com or Investor Relations Contact: PAN Consultants, Ltd. Philippe Niemetz, toll-free: 800/477-7570 212/344-6464 email: p.niemetz*panconsultants.com
SOURCE International Card Establishment
Source: PR Newswire (July 27, 2006 - 6:00 AM EDT)
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FDEG 0.1150 reports today that the drilling has attained a total depth of approximately 3300 feet as of July 26th
>CARSON CITY, Nev., July 27, 2006 (PRIMEZONE) -- Friendly Energy Corp. (Pink Sheets:FDEG) reports today that the drilling has attained a total depth of approximately 3300 feet as of July 26th. The progress has been slowed due to mechanical difficulties with the State-required environmentally protective "Closed Tank System" and a mud-pump failure which cost a total of twenty-one hours of drilling time over the last forty-eight hours. The company's joint venture partner, D-Mil Productions reports that the drilling has proceeded, without delay since repair, with three crews working eight hours per shift, twenty-four hours per day. It is anticipated that the well logging will begin late Sunday or early Monday as previously reported, delayed marginally by the drill rig down time.
"The delay in progress due to mechanical issues is not uncommon in any drilling venture," states company President Douglas Tallant. "The Company's joint venture partner D-Mil Productions has been pro-active in the timely resolution of the mechanical difficulties in order to maintain the projected completion schedule. We anticipate reaching the target formations within the next 7 days as indicated."
Friendly Energy is committed to the exploration and development of its prospects to take advantage of the current market pricing in the price of oil and gas by developing undeveloped reserves with little downside risk.
The Asher #1 Prospect is located on the western edge of the giant St. Louis oil field in Pottawatomie County, Central Oklahoma. The St. Louis field has produced over 300 million barrels of oil and 26 billion cubic feet of gas from reservoirs of the Earlsboro sand (Pennsylvanian), Hunton and Viola. Estimated reserves for the Asher prospect are indicated to be 350,000 barrels of oil.
Friendly Energy is a development stage company in the Oil and Gas Exploration Industry.
Contact: Douglas Tallant-President, Friendly Energy (702) 953-0411
This news release contains information that is "forward-looking" in that it describes events and conditions, which Friendly Energy Inc. ("FDEG") reasonably expects to occur in the future. Expectations for the future performance of the business of FDEG are dependent upon a number of factors, and there can be no assurance that FDEG will achieve the results as contemplated herein, and there can be no assurance that FDEG will be able to conduct its operations or production from its properties will result from or continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond the Company's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. FDEG disclaims any obligation to update any forward-looking statement made herein.
CONTACT: Friendly Energy Douglas Tallant, President (702) 953-0411 www.fdeg.biz
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HMWM 0.11 the Company has licensed JM Enterprises Group, Inc. as its sales representative for its Boondoggle Sports Network (BSN)
>GOLDEN, Colo., July 27, 2006 (PRIMEZONE) -- HumWare Media Corporation (Pink Sheets:HMWM) is pleased to announce that the Company has licensed JM Enterprises Group, Inc. as its sales representative for its Boondoggle Sports Network (BSN) in the metropolitan New York City area, which is the largest sports market in the United States.
JM Enterprise Group, Inc. is a diversified media agency focused exclusively on out-of-home media advertising sales. The Company provides a wide range of turnkey media offerings encompassing billboards, wallscapes, displays, kiosks, and mobile media. Its Mobile Media Group utilizes proprietary truck side signage and also provides advertisers with bus shelter and bus signage opportunities.
HumWare is rolling out its Boondoggle Sports Network to select areas in United States and Canada by licensing experienced local sales professionals in the top markets. Local representatives are charged with deploying the network into establishments to create a local footprint. Each establishment installed represents instant advertisement inventory. Licensees then have 24 local ad slots to sell per unit that are played 900 times a month on average. The Company reserves 12 additional slots for Regional and National advertisements. The patent pending BSN offers the hospitality industry free year-round interactive fantasy sports, sports news, and sports trivia entertainment to increase traffic, bring patrons back and promote higher revenues. Establishments are also given a large inventory of ad space to promote in-house specials, food, and beverage sales or upcoming events.
"We're very excited about moving into the largest market in the entire country and we couldn't have found a more qualified group to handle the territory. We are currently adding licensed sales representatives at a rapid pace and soon we'll have a presence in all of the major sports markets in the United States," stated John Huemoeller, CEO of HumWare Media Corporation.
About HumWare Media Corporation:
HumWare Media Corporation (www.humware.com) is an emerging out-of-home "new media" advertising company primarily operating the Boondoggle Sports Network (BSN). BSN delivers interactive sports trivia and fantasy sports entertainment to the hospitality industry (bars, restaurants, golf courses, health clubs, and hotels). BSN is a closed network that is delivered via the Internet and displayed on television monitors inside establishments. The Boondoggle Sports Network ad rate model has been created by analyzing rates from similar products such as television, bar and restaurant bathroom and movie theatre advertising. The dynamic digital signage network provides advertisers with an effective medium to reach on the go consumers.
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.
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HISC 0.0140 update on its current market strategy and future direction ASHEVILLE, NC -- (MARKET WIRE) -- 07/27/06 -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) announced today that the Company has provided an update on its current market strategy and future direction. In a letter to the shareholders, posted on its website, www.hissusa.com, CEO Fred Wicks identified the major strategic thrusts that will accelerate the Company's development and take it into the next phase of growth.
In the letter Wicks detailed how Homeland will concentrate on target markets with the greatest potential and shortest sales cycle such as national and local government agencies, transportation fleet management, rental equipment and maintenance, building construction and education. The Company will also direct their sales efforts on the regions of North America, Europe, and certain Middle Eastern countries that will generate the greatest return on investment for its shareholders.
The letter also discloses the Company's product plans. Homeland is near completion of the GSM (Cingular) version of the patent-pending Cyber Tracker(TM) and is beginning the development of the CDMA version. to be completed in 2007. Homeland plans to develop additional software products to add functionality to the Cyber Tracker(TM), allowing the Cyber Tracker(TM) products to enter the Machine-to-Machine market verticals.
As announced in a press release earlier this week, the company is also expanding its sales efforts on the Cyber Shield product line to the retail as well as the commercial and military markets in North America and the Middle East.
"Global Security and property protection concerns are producing sales opportunities at a phenomenal rate. We plan to move rapidly to gain a large market share in this expanding market. Our goal is to position Homeland as a premier Global Security and Technology company. Homeland Integrated Security Systems' strategic plan will allow us to provide a variety of products and services across the globe," stated Fred Wicks, CEO and President of Homeland Integrated Security Systems, Inc.
The CEO shareholder letter in its entirety is available on the Company's website at www.hissusa.com.
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. For more information please visit our website www.hissusa.com.
Safe Harbor This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Contact: Investor Relations 407-884-0444 or 1-866-THE-APPLE www.hissusa.com
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PHLH 0.0270 MIAMI--(BUSINESS WIRE)--July 27, 2006-- Pacer Health Corporation (OTCBB:PHLH), an owner-operator of acute care hospitals, medical treatment centers and psychiatric care facilities in the Southeastern United States, announced today that it has signed a binding letter of intent to sell certain assets of both the Minnie G. Boswell Memorial Hospital and the Boswell Parker Nursing Center to Health Systems Real Estate, Inc., a Georgia-based non-profit corporation. The agreement calls for Health Systems Real Estate to purchase the tangible real and personal property assets of the facilities in a cash transaction for the aggregate purchase price of $2.6 million. Pacer Health will continue to operate Minnie G. Boswell Memorial Hospital pursuant to a triple-net lease from Health Systems Real Estate, while an affiliate of Health Systems Real Estate assumes the operation of the Boswell Parker Nursing Center. "The proposed transaction allows Pacer Health to focus on our core business of operating Minnie G. Boswell Memorial Hospital as we proceed with plans to build a replacement facility," said Rainier Gonzalez, chairman and CEO of Pacer Health. "We also wanted to make sure that the nursing home continues to operate at the highest levels of quality care once we build the new hospital facility. Health Systems Real Estate ensures that a seasoned nursing home administrator remains at the helm to provide the high level of critical care to which area residents have grown accustomed." Pacer Health projects that the proposed agreement will strengthen its working capital and balance sheet through the divestment of real property assets and allow the company to narrow its strategic focus on acute care facility management through the sale of its nursing home operations. The proposed transaction is subject to continued due diligence by both parties as well as the completion of required filings and governmental approvals. Pacer Health anticipates no interruption in service at either facility during the execution phase of this agreement. An accredited JCAHO (Joint Commission on Accreditation of Health Care Organizations) facility, Minnie G. Boswell is a 25-bed acute care hospital primarily serving the residents of Greensboro, Georgia. The hospital's current facilities were constructed in 1949, and though Pacer Health has substantially improved the property, the structure itself remains outdated, resulting in costlier implementation of new technologies. Pacer Health recently announced the purchase of 15 acres of land adjacent to Interstate 20 in Greene County, Georgia, to construct a replacement facility for Minnie G. Boswell Memorial Hospital, which Pacer Health has managed and operated since June 22, 2004. The new facility will provide easier and more convenient access for patients as it will be closer to the center of the county, adjacent to a major thoroughfare, and only about one-and-a-half miles outside of Greensboro. The new location also is within three-and-a-half miles of the existing hospital, facing I-20 and just east of Highway 44.
About Pacer Health Corporation
Pacer Health Corporation is an owner-operator of acute care hospitals, medical treatment centers, and psychiatric care facilities serving non-urban areas throughout the Southeastern United States. Please visit http://www.pacerhealth.com for more information.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Pacer Health disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions, actions of our competitors, and changes in our business strategies.
KEYWORD: NORTH AMERICA FLORIDA GEORGIA UNITED STATES INDUSTRY KEYWORD: SENIORS HEALTH HOSPITALS CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE CONSUMER SOURCE: Pacer Health Corporation
CONTACT INFORMATION: Pacer Health Corporation, Miami Tina Vidal, 305-828-7660 tvidal*pacerhealth.com
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Successfully Tests Functionality of STATPATCH Wireless Holter Monitor July 27, 2006 - 6:00 AM EDT
Telzuit Medical Technologies, Inc. Successfully Tests Functionality of STATPATCH Wireless Holter Monitor and Has Released the Product for Physician Testing - Completion of the testing and release to physician testing is a scheduled milestone required under recent financing terms - Milestone was achieved ahead of schedule ORLANDO, Fla., July 27 /PRNewswire-FirstCall/ -- Telzuit Medical Technologies, Inc. (OTC Bulletin Board: TZMT) announced today that it has successfully tested the functionality of the STATPATCH Wireless Holter Monitor and that the product is currently in physician testing with healthy volunteers. The testing is expected to last for several weeks, followed by the product rollout in Florida this year. The successful testing and physician release is the culmination of over five years of research and development in various areas of ambulatory cardiac monitoring and paves the way for the release of the Company's other wireless medical devices. The patent pending STATPATCH Wireless Heart Monitor is already FDA approved, and the Company expects to make additional FDA submissions over the next twelve months for other medical devices.
Warren Stowell, CEO of Telzuit, commented, 'Today marks the beginning of the next phase of our product roll out. With the STATPATCH in the final stage of patient testing, we are very excited about the imminent release of our first product.'
About Telzuit Medical Technologies, Inc.
Telzuit Medical Technologies, Inc. is dedicated to providing advanced mobile medicine for people worldwide. The first step in this mission will initially take the form of our state-of-the-art, FDA approved, STATPATCH Wireless Heart Monitor. This is a full 12-lead, completely wireless, Holter monitor, which is new to the marketplace. Telzuit is also building its own dedicated intranet as a platform to handle several of the products it will be releasing, including its initial product, the STATPATCH Wireless Heart Monitor System. Telzuit is based in Orlando, Florida. For more information on the company, its business model, and its products can be found on its website: http://www.telzuit.com.
Forward Looking Statement: Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties, including the effect of changing economic conditions, competition within the health products industry, customer acceptance of products, and other risks and uncertainties. Such forward-looking statements are not guarantees of performance, and Telzuit results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release, and Telzuit undertake no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.
Contact: Telzuit Medical Technologies, Inc.
James Tolan Co-Founder, Telzuit Medical Technologies, Inc 407-354-1222
SOURCE Telzuit Medical Technologies, Inc.
Source: PR Newswire (July 27, 2006 - 6:00 AM EDT)
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TPDI (.185) announced that it has signed a licensing agreement with Mondex Capital
BEIJING and PHILADELPHIA, July 27 /PRNewswire-FirstCall/ -- Richard A. Bendis, CEO and President of True Product ID, Inc. (OTC Bulletin Board: TPDI), today announced that it has signed a licensing agreement with Mondex Capital, Inc., (MCI) whose parent Mondex(R) is a part of the MasterCard International (NYSE: MA) suite of smart card products. The terms of the agreement grant MCI the exclusive rights to utilize TPID's technology in Korea and Japan for an initial term of three years. The use is limited to the manufacture and distribution of credit cards and card-related services such as smart card products. The exclusivity is subject to performance minimums. TPID will receive a royalty of 7.5% of the gross receipts received by MCI and its affiliates from sales utilizing the licensed technology and an up-front rights acquisition fee of US$100,000 (US$50,000 per country), which is not an advance against nor recoupable from royalties otherwise payable under the agreement. TPID was granted exclusive rights to this technology under a Master License with Sure Trace Security Corporation (OTC: SSTY), which has also approved this agreement. TPID CEO Richard Bendis stated, "TPID is excited to partner with Mondex/MasterCard International, recognized as innovative leaders in the rapidly growing smart card industry. This agreement is confirmation by an industry leader that TPID's anti-counterfeiting technology continues to be recognized as a flexible integrated solution that is capable of addressing complex challenges for many diverse industries and product applications." About True Product ID True Product ID produces integrators for anti-counterfeiting and security surveillance applications and is a provider of integrated tracking devices. The Company delivers turnkey solutions for governments, armed forces, and industry, through its own proprietary technology and through aggregating the technology, products, and services of third parties via licensing agreements and/or joint ventures. For more information go to: http://www.tpid.net. About Mondex(R) Mondex(R), part of the MasterCard International suite of smart card products, enables cardholders to carry, store and spend cash value using a payment card. It is faster than handling conventional currency, and in many cases safer. It behaves exactly like cash, offering immediate transfer of value while requiring no signature, PIN or transaction authorization. The unique Mondex(R) platform allows its use in multiple channels where cash cannot be used, including the Internet, mobile phones and interactive television. MasterCard Worldwide is a driving force at the heart of commerce, enabling global transactions and bringing insight into the payments process to make commerce faster, more secure, and more valuable to everyone involved. As a critical link among financial institutions and millions of businesses, cardholders and merchants worldwide, MasterCard provides services in more than 210 countries and territories. MasterCard advances commerce worldwide by developing more secure, convenient and rewarding payment solutions, processing billions of payments seamlessly across the globe, and building economic connections that accelerate business. For company information visit http://www.mondex.com/ and http://www.mastercardinternational.com. About Sure Trace Security Corporation Sure Trace Security Corporation (OTC: SSTY) produces integrators for anti-counterfeiting and security surveillance applications and is a provider of integrated tracking devices. Globe Staff Consulting Corp. (Pink Sheets: GSFC), a subsidiary of SSTY, is one of France's leaders in the field of wireless security communications. GSFC has partnerships with Orange, French Telecom and Thales. GSFC was formed for the purpose of selling and distributing wireless security communications services and is focusing on tracking, tracing and geolocalization of products and people. GSFC has developed a mix of security tracking services targeting businesses, governments and consumers. GSFC's product and service offerings provide advantages to customers, including the smallest tracking modules with GSM and GPS dual capability, innovative specialty cellular phone models, and data capability, all hosted on an ASP server platform. True Product ID, Inc. (OTC Bulletin Board: TPDI), is a former subsidiary of SSTY. For more information on SSTY and GSFC go to: http://www.suretrace.com and to http://www.gsc.fr/corp/. SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance or perform as intended, that we may be unable to obtain necessary financing to continue operations and development, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof and TPID undertakes no obligation to update such statements. SOURCE True Product ID, Inc.
Contact Information: Richard A. Bendis, CEO and President of True Product ID, +1-215-496-8110
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ADBN (.0006) signs a deal with JEM Sportswear and Awake.
MANALAPAN, NJ -- (MARKET WIRE) -- 07/27/06 -- Americana Distribution, Inc. (OTCBB: ADBN) and its subsidiary, Americana Licensing, Inc. (R & R Licensing Holdings, Inc.), today announced it has signed a deal with JEM Sportswear and Awake.
JEM and Awake will be introducing a line of high end tee-shirts and sweatshirts imprinted with historical Russian propaganda and advertisements at the MAGIC Fashion Apparel Trade Show Aug. 28 - 31, 2006 in Las Vegas. The artwork comes from the Russian Museum Collection - State Museum of Political History in St. Petersburg, Russia.
"JEM and Awake's artwork has a cutting edge look that's very different than anything available in the industry," said Robert Greener, president of Americana Licensing, Inc. "The pieces that JEM and Awake have under development, based on Russian propaganda before the fall of communism, has a very striking and unique look we believe will be very popular."
Greener pointed out that the former Soviet Union used their best trained and highly talented artists to create the propaganda posters that are being reproduced by JEM and Awake. "The subject matter and nature of the artworks combined with America's growing fascination with Russia, its history, and treasures makes this an exciting revenue opportunity for the apparel and other related industries," said Greener.
Founded 35 years ago, JEM Sportswear is a leading manufacturer of knit tops to many top quality name brands. JEM has three distinct business divisions: Men's and Boy's, Women's, Juniors, Girls and Private Label. Through strategic licensing and a commitment to product design and quality, JEM is a powerful force in the industry.
In late 2000, JEM expanded into the women's business through its affiliate Awake, Inc. Awake, Inc. was launched to provide fashionable, quality tee's for women. Awake has enjoyed success in the women's market with their super soft, vintage tee's and have recently expanded into the Juniors and Girls market with their brand Cold Crush and Awake Girls. Together, JEM and Awake have created a new category in the market by combining fashion tee's with nostalgic brands and are sought after by celebrities and consumers throughout the US.
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.
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., the company 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 the 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
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PIVX 0.12 patent application with the U.S. Patent and Trademark
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--July 27, 2006-- PivX Solutions, Inc. (Pink Sheets: PIVX), a vendor of Windows intrusion prevention software, today announced the filing of a provisional patent application with the U.S. Patent and Trademark Office in which the company discloses new inventions as well as seeks patent protection for key aspects of its PreEmpt 2.0 intrusion prevention security product for Windows computers. "Filing for patent protection is a necessary step in the growth of any business that owns intellectual property." said Jason Coombs, CEO of PivX Solutions. "Whenever we examine in forensic detail the actions and thoughts a creative person produces, be it in the realm of purely artistic creative expression or in a field of technological innovation, we find specific ways in which that person's creativity was driven by measurable units of tangible progress that further inspired more creative effort. The PivX creative staff was remarkably creative and innovative in the face of business difficulties. This provisional patent application reveals just how novel and rewarding the company's work has been." The title of the provisional patent application, filed on July 25, 2006 reads as follows: "A System or Method of Creating Cryptographic Command or Control Channels with Layers of Digital Signature Authentication or Verification of Digital Communications Enabling Remote Control Over, or Distribution of Arbitrary Reprogramming or Reconfiguration Instructions to, One or More General Purpose Programmable Electronic Devices" and its inventors are Oliver Lavery and Michael Bringle, et al. PivX released version 2.0 of its PreEmpt software product on July 25, 2005 and since then the product has been enhanced and improved substantially. While working to enhance PreEmpt and integrate the company's PreView product and its Threat Focus security intelligence and intrusion prevention forensic service, the company's creative staff made several innovative discoveries that are now the subject of a pending patent. "Submitting a provisional application for a patent is one of the most substantial actions that a creative person can take during the creative process to transform intellectual effort into tangible value." said Mr. Coombs. "The patent office expressly allows a provisional patent applicant to designate their inventions as PATENT PENDING from the date of the provisional filing, and this fact alone, frankly, is a source of much creative inspiration."
About PivX PreEmpt(TM)
PivX PreEmpt(TM) creates a cryptographically-secured network for command and control messaging to and from customer's computers. This network gives PivX the ability to help defend customers' computers against unauthorized access, malicious software, spyware, adware, Trojans, viruses, worms, and privacy or digital property violations that otherwise result easily from vulnerabilities and forensic security defects common to computer software. PreEmpt can be downloaded from the company's Web site: pivx.com
About PivX Solutions
PivX Solutions, Inc., started in 1999 as a family business, founded by Rob Shively and Geoff Shively as a result of their efforts to operate a previous business that created a popular Web destination for young people, similar to MySpace.com today, which was constantly under attack by malicious hackers. PivX Solutions initially provided information security services to customers who needed the rare expertise in computer system security hardening that the Shively family had acquired by real world experience doing battle with electronic intruders and malicious software. Today, PivX Solutions owns intellectual property that takes a novel approach to the problems of protecting computer systems against motivated attackers who intend to gain control over them by forcing microprocessors to execute unauthorized program code. The company today sells software and forensic security services to individuals and businesses worldwide. PivX Solutions, Inc. is Pink Sheet-listed under ticker symbol PIVX. Its Web site URL is: http://www.pivx.com
Forward-Looking Statements
The statements contained in this press release that are not historical are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements, without limitation, regarding our expectations, beliefs, intentions or strategies regarding the future. PivX intends that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, among other things: (1) PivX's successful integration of Threat Focus; (2) PivX's expected revenue and earnings growth; and (3) estimates regarding the size of target markets. These statements are qualified by important factors that could cause PivX actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (1) PivX's ability to obtain development financing as and when needed, (2) PivX's ability to generate and sustain profitable operations; (3) the market's acceptance of PivX's products and services; (4) significant competition from other security companies and software vendors with significantly greater technological, marketing or financial resources, and (5) PivX's ability to protect its intellectual property.
These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties as more fully described in the Company's periodic filings with the Securities and Exchange Commission.
KEYWORD: NORTH AMERICA CALIFORNIA UNITED STATES INDUSTRY KEYWORD: TECHNOLOGY NETWORKS SOFTWARE TELECOMMUNICATIONS SOURCE: PivX Solutions, Inc.
CONTACT INFORMATION: for PivX Solutions, Inc. Joni Moore, 508-308-7900
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HOWELL, Mich., July 27 /PRNewswire-FirstCall/ -- Value Consulting (OTC Bulletin Board: VCSL) announces it has created a new subsidiary called Smarts Oil & Gas. Smarts Oil & Gas is the first of two subsidiaries that Value is planning on creating immediately.
Smarts Oil and Gas' initial focus will be acquiring mineral rights leases, with proven reserves in the ground, in the state Louisiana. This will not be an exploration company (therefore eliminating some of those inherent risks), but instead we will be extracting oil from the ground that is proven and certified by engineering reports and the DNR website for the State of Louisiana.
Don Quarterman, CEO of Smarts Oil and Gas, states, "We feel that this is an excellent time to get in an extremely hot industry. We have put a team and network in place that will allow us to immediately take advantage of the recent record high prices in oil. With the contacts we have developed, the proven oil reserves we have access to, and the record high prices in oil, this company is perfectly set up for a very profitable future. Our goal is always going to be shareholders first, which makes profitability our primary focus."
We will be updating our website at www.valueconsultingcorp.com in the very near future with all of our oil developments. There will also be links to the State of Louisiana's website, which gives in-depth details about the production and history of each well we operate.
ABOUT VALUE CONSULTING
Value Consulting offers a variety of strategic business consulting services to public and private companies. In addition, the Company also plans to develop and grow subsidiaries with intentions of later spinning them off into their own fully reporting publicly traded vehicles. Our main service is to provide financial and business consulting services to our clients. The services we offer include due diligence, mergers and acquisition consulting, strategic business planning, and Public Relations. The Company plans to provide strategic consulting services and business plan development for start- up companies and the Company has the expertise to work with clients through the entire public offering process. For additional information on Value Consulting visit our website www.valueconsultingcorp.com.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
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TGLO--.17--THEGLOBE.COM INC Tralliance Corporation, the .travel Registry, Announces New Corporate Website 7/27/2006
FT. LAUDERDALE, Fla., Jul 27, 2006 (PRIMEZONE via COMTEX News Network) -- Travel and tourism businesses can find all the information they need to acquire .travel domain names quickly and effortlessly on the newly redesigned www.travel.travel website.
"With more and more travel entities requesting .travel domain names, we had a need to expedite the process, and one way to do that was to improve our web presence and online tools," says Edward A. Cespedes, CEO of Tralliance Corporation, the .travel Registry. "The new website makes it simpler for our travel partners to find the information they need to complete the authentication and registration processes and to secure .travel domain names."
Redesigned to promote ease and efficiency, www.travel.travel now boasts clearer access points with highly visible page links, faster navigation tools and more direct hyperlinks to relevant .travel partner web pages and information. Travel entities visiting the site are now just a click away from pertinent .travel information and resources, including authentication and registration procedures, frequently asked questions, important policies and the WhoIs database, allowing new registrants to review .travel names already in use.
About Tralliance Corporation
Tralliance Corporation is a wholly-owned subsidiary of theglobe.com (OTCBB:TGLO) that, as the .travel Registry, develops products and services to promote the efficiencies and convenience of e-commerce for travel and tourism companies on the Internet. Designed to serve the global travel and tourism community, the major aims of the .travel sponsored Top Level Domain (sTLD) are improved Internet identity, creation of advanced distribution channels, and the establishment of a strong trust factor between the industry and its customers. For more information visit www.travel.travel.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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- Wi-Fi TV Brings Interactive TV From 74 Countries to 153 Countries Plus VoIP Calls and Live Chat
Thursday , July 27, 2006 10:00 ET
NEWPORT BEACH, CA -- (MARKET WIRE) -- 07/27/06 -- Wi-Fi TV Inc. (PINKSHEETS: WTVN) today added Algeria, Armenia, Bahrain, Bolivia, Bulgaria, Sweden and the UAE to its growing list of countries where live TV channels can be accessed from by its members. Wi-Fi TV(TM) also announced that viewers from 153 countries have now visited www.Wi-FiTV.com according to stats provided on the Wi-Fi TV home page by the independent NeoTracker(TM).
"While Wi-Fi TV seeks to build a global business, it is also our mission to make the world smaller through the shared interactive community that is Wi-Fi TV. The Wi-Fi TV live chat, unlimited phone calls, and breaking news stories by Country and Topic, are the foundation of the Wi-Fi TV platform," said Dennis Villaroman, a Wi-Fi TV consultant.
Wi-Fi TV (www.Wi-FiTV.com) offers global online TV, live chat and VoIP delivery for a $24.95 annual subscription price, plus a no-obligation free 14-day trial, with no additional costs of any kind for phone calls.
Wi-Fi TV can be seen over the Internet in the United States, Latin America and globally. Approximately 300 channels of live TV programming, country and category specific breaking news and free voice over IP phone calls.
Wi-Fi TV Inc. has opened a new content and technology demo room for the press in Newport Beach, California. For further info send an email to info*wi-fitv.com or call Colby Marceau at 949-716-9397.
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
Public Companies Associated with this story: (OTC: WTVN)
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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