Human BioSystems Signs Project Agreement to Assist the Company in Evaluating Potential Partners of Its Preservation Technologies Aug 15, 2006 4:05:00 PM PALO ALTO, CALIFORNIA -- (MARKET WIRE) -- 08/15/06 -- Human BioSystems (OTCBB: HBSC) ("HBS" or "Company") announced today that it has signed an agreement with UTEK Corporation ("UTEK") to assist HBS in identifying and making introductions to potential business partners of the Company's preservation technology, including its above zero and below zero preservation technology for organs and other biomaterials, as well as its blood platelet preservation process.
According to Harry Masuda, CEO of Human BioSystems, "UTEK has contacts that are relevant to HBS technology and we are excited to establish this business relationship to utilize their expertise towards optimizing our process of selecting the right partner for each of our technologies. Partnering has been in our business plan from the beginning and it has been our goal to establish strategic partners who have the distribution channels required to sell our products worldwide."
HBS plans to market its preservation technologies worldwide, including a number of markets in the United States. The diversity of markets available to HBS makes the UTEK Project Agreement an essential step forward toward achieving the Company's goal of leveraging its efforts to bring products to market as quickly as possible. As UTEK helps to identify the appropriate partners for the HBS technologies, the Company can move forward in creating new markets for its preservation technologies.
"When we license a technology, we can segment and limit the license to a particular application, an example being the preservation of donor organs while excluding the application for islet cells. We may also elect to sell components of our technology such as packaged solutions to companies as a "general preservation solution" for research, which may result in commercial sales of our preservation solutions. In other words, licensing will not preclude us from entering non-licensed markets or activities," continued Mr. Masuda.
Human BioSystems is a developer of preservation platforms for organs and other biomaterials. The Company, which is headquartered in Palo Alto, California with research facilities in Michigan, has been granted four patents by the U.S. Patent Office. HBS also announced recently the signing of a letter of intent to enter the BioFuels business through the acquisition of two ethanol production facility projects from EXL III.
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, results from ongoing research and development as well as clinical studies, failure to obtain regulatory approval for the Company's products, if required, failure to develop a product based on the Company's technology, failure of any such products to compete effectively with existing products, the inability to find a strategic partner or to consummate a relationship with a potential strategic partner on acceptable terms, and other factors discussed in filings made by the Company with the Securities and Exchange Commission.
Contacts: Human BioSystems Harry Masuda CEO (650) 323-0943 hmasuda*humanbiosystems.com
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Signature Leisure, Inc. Announces More Revenge! 8/15/2006
MAITLAND, FL, Aug 15, 2006 (MARKET WIRE via COMTEX News Network) -- Signature Leisure, Inc. (OTCBB: SGLS) recently announced that the company acquired a twenty-five percent ownership stake in Revenge Designs LLC. Signature Leisure is announcing today additional updates on the progress of Revenge Designs LLC.
Revenge Designs LLC, based in Decatur, Indiana, is headed by Australian native Peter Collorafi. "Revenge is partnering with Lingenfelter Performance Engineering to modify the 2006-07 Pontiac GTO for a more 'aggressive' look and performance," as reported by the Fort Wayne Journal Gazette.
Stephen Carnes, CEO of Signature Leisure, Inc., stated, "At the present moment most Pontiac dealers across the nation are not even aware of the existence of the Revenge GTO. Dealers are about 4 weeks away from the 'unveiling' of the Revenge GTO's availability, which is when the 'soon to be a classic' model will begin to be introduced to dealers nationwide starting on the East Coast."
Additionally, Carnes stated, "In a phone conversation that I had on Monday (8/14/2006) with Peter, he informed me that the first group of vehicles are anticipated to start into production at Lingenfelter's the second week of September for engine and drive train performance enhancements. As the first batch completes drive train enhancements the vehicles will move over to Revenge Design's production facility starting the week of September 18th to complete the body enhancement modifications."
Carnes further stated, "I believe that the Revenge GTO will be a tremendous success and extremely popular with car enthusiasts of all ages, especially with the 'Baby Boomer' population. The Revenge GTO will include everything from a wider body to fog lamps with flowing fender extensions to a lower profile. Buyers can also select the Lingenfelter performance package which will add a magnacharger/supercharger delivering 530 horsepower and other extras."
About Signature Leisure, Inc. (OTCBB: SGLS) -- Signature Leisure, Inc. is a publicly traded company trading on the OTC Bulletin Board under the symbol SGLS. For more information about Signature Leisure, Inc., please visit the Company's website at http://www.signatureleisure.com
This press release contains certain "forward-looking" statements as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.
Contact: Signature Leisure, Inc. Stephen W. Carnes 407-599-2886 info*signatureleisure.com
SOURCE: Signature Leisure, Inc.
mailto:info*signatureleisure.com
Copyright 2006 Market Wire, All rights reserved.
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Tyler Announces Sale of Weedy Lake Property Interest for $1,000,000.00 CDN 8/15/2006
CALGARY, ALBERTA, Aug 15, 2006 (CCNMatthews via COMTEX News Network) -- Tyler Resources (TSX VENTURE:TYS) is pleased to announce that it has received and accepted an offer from Golden Band Resources Inc. to acquire the 50.1% interest in the Weedy Lake property in Saskatchewan currently held by Tyler Resources.
Total consideration for the sale of Tyler's interest consists of $1,000,000.00 CDN, as well as a series of 500,000 common share purchase warrants, with each warrant exercisable for one common share in Golden Band Resources Inc. for a period of two years following the closing date at a price of $0.55 per warrant share. This will ensure that Tyler will be in a position to realize further value from this sale as Golden Band Resources pursues its objective of consolidating the La Ronge Gold belt properties and advancing exploration towards the development of its strategic portfolio of gold deposits in Saskatchewan.
The completion of the transaction is subject to the receipt of all necessary regulatory approvals and is expected to close within two weeks.
The disposition of this non-core asset of Tyler Resources is part of its continuing commitment to streamline the Company and focus on its active and ongoing exploration program for copper, gold, silver, zinc and molybdenum at its flagship Bahuerachi project located in Mexico.
"Jean Pierre Jutras"
Jean Pierre Jutras
President/CEO/Director
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Tyler's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Tyler. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Tyler's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Tyler's filings with the Canadian securities authorities. Accordingly, holders of Tyler shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Tyler disclaims any responsibility to update these forward-looking statements.
CORRECTING and REPLACING IBSG International Announces Eighth Consecutive Profitable Quarter; Sales Revenues Rise 223%; IBSG International Will Host a Conference Call Tomorrow 11:00 A.M. Eastern 8/15/2006
CELEBRATION, Fla., Aug 15, 2006 (BUSINESS WIRE) -- Fifth graph, second sentence of release should read: With weighted average number of shares of 67,207,138 million basic and diluted shares outstanding, earnings per share this quarter was $0.01. (sted With weighted average number of shares of 67,207,138 million basic and diluted shares outstanding, earnings per share this quarter was $0.00.)
The corrected release reads:
IBSG INTERNATIONAL ANNOUNCES EIGHTH CONSECUTIVE PROFITABLE QUARTER; SALES REVENUES RISE 223%; IBSG INTERNATIONAL WILL HOST A CONFERENCE CALL TOMORROW 11:00 A.M. EASTERN
IBSG International, Inc. (OTCBB:IGII) a holding company for four technology and software subsidiaries, announced today its financial results for the second quarter and first half of 2006. Revenues for the three months ended June 30, 2006 rose to just under $2.9 million compared to revenues same three month period ended June 2005 of $1.3 million, an increase of 223%.
Operating expenses for the second quarter of 2006 were $1.2 million, up $263,000 from $937,000 in the same period in the prior year. This reflects an increase in professional services expenses of $160,000 due to the contract obtained in South Africa, and it reflects an increase in salary of $94,000, due to the staff located in India as well as staffing the Company with the needed employees. Consequently, the Company had an operating profit for the three months ended June 30, 2006 of $1.6 million, up six times the operating profit of $256,000 for the three months ended June 30, 2005. The majority of revenues were from the Company's international projects.
The Company had other expenses of $678,000 for the three months ended June 30, 2006 compared to $180,000 for the three months ended June 30, 2005. For second quarter of 2006, the entire $678,000 was for tax provision, while in the second quarter of 2005, the interest and expenses were offset by changes in fair value of embedded options and warrants, which no longer pertain.
For the six months ended June 30, 2006, revenues were slightly above $5.0 million compared to the result for six months ended June 30, 2005 of $2.4 million. Operating expenses rose to $2.1 million for the six months ended June 30, 2006 from $1.8 million for the six months ended June 30, 2005. Other expenses rose to $1.8 million in first half of 2006 from $148,000 other net income in first half of 2005. The increase of other expenses for the first half of 2006 was due to the settlement of the debt and warrants outstanding and the sale of an asset and a provision for taxes (as reported in Q 1 2006 filing). Net income for the six months ended June 30, 2006 reached $1.1 million, or $0.02 per fully diluted share. For the six months ended June 30, 2005, net income was $586,000, or $0.01 per fully diluted share.
Net income for the second quarter of 2006 reached $941,000, more than double the $436,000 generated in second quarter of 2005. With weighted average number of shares of 67,207,138 million basic and diluted shares outstanding, earnings per share this quarter was $0.01. In 2005's second quarter, with 49.2 million diluted shares outstanding, earnings per share came in at $0.01.
Dr. Michael Rivers, CEO of IGII stated, "The foundation we have built over the last couple of years has started to show results. We have been profitable for eight consecutive quarters, and the focus now is on continuing to implement the strategic plan that has brought us this far."
In the second quarter of 2006 the Company's subsidiary IBS Group's COO, Alan Shafer announced, "Alabama became the first of the states affected by Hurricane Katrina to sign a formal agreement with IBSG under the Revitalization Plan, and is expected to generate $6.9 million in revenues to be shared between the Alabama SBDC and IBSG over the life of the five-year agreement. Although no assurances can be given, management anticipates that during the first 12 months of operation, shared revenues based on a percentage of the estimated 86,000 businesses, according to the state of Alabama's statistics, is expected to exceed $700,000. We believe other states, including additional Katrina states, will sign similar agreements in the next 3-6 months."
Kevin Gollop, Managing Director of the company's subsidiary, A-Division IT Systems, stated, "Our South African initiative is being implemented; the recently installed platform is fully operational, and it is projected by the SA government that a substantial portion of the 100,000 Small-Midsize Enterprises (SMEs) in Johannesburg alone will be operating on the system based on IBSG's BizWorld Pro(TM). The initial focus will be the over-32,000 SME mining vendors. There are an estimated 250,000 registered SMEs in South Africa, which are expected to come on line before the year's end."
Management of IBSG International will host a conference call on Wednesday, August 16, 2006 at 11 a.m. EDT to discuss the company's financial results and achievements. Those who wish to participate in the conference call may telephone 888-335-6674, from the U.S. and 973-935-2100 for international callers, PIN # 7744722 approximately 15 minutes before the call. A digital replay will be available by telephone for two weeks and may be accessed by dialing 877-519-4471, from the U.S., or 973-341-3080, for international callers, and entering PIN # 7744722.
About IBSG International, Inc.
IBSG International, Inc. is a holding company for four technology and software subsidiaries: Intelligent Business Systems Group, Inc. (IBSG), a provider of turnkey digital service center software; Secure Blue, Inc., a Sarbanes-Oxley and security software solution provider; Intelligent Business Systems Development (IBSD), a software development, maintenance and data storage company; and A-Division IT, a consultant company focused on development of IT projects for multinational corporations.
IBSG offers enterprise solutions designed to enhance the operating efficiency and create revenue for State Small Business Development Centers, business associations (e.g., Chambers of Commerce) and Fortune 1000 corporations by licensing its unique turnkey digital service center software, which provides a broad range of digital budgetary, administrative and commercial services (B2B, e-commerce, government to business and enterprise business services) on a single platform known as the BizWorldPro(C).
Secure Blue, Inc. provides a robust economical Sarbanes-Oxley (SOX) compliance and security software suite, Secure Blue SOX Pro. It is targeted at small- and mid-cap public companies as well as private companies requiring SOX compliance to enable them to continue working with public companies.
As software providers, system integrators and Application Service Providers, IBSG, Inc. and Secure Blue, Inc. generate revenue from license sales, system modifications, systems support and a percentage of monthly customer fees. The typical IBSG/Secure Blue license agreement has a five-year term which is updated on an annual basis and almost invariably renewed upon expiration; to date the company has had only one licensee not renew, due to the expiration of the licensee's contract with another party.
IBSG, Inc. will provide ongoing support of International's other subsidiaries, IBS Group and Secure Blue. The company provides development, system support and secure data storage, and will maintain offices in the US and India, where its current offshore development and support team is located.
A-Division IT establishes it projects for multi-national corporations around the world. The projects are recognized off set program qualified and provide a required contractual obligation of theses corporations.
A-Division IT is the sole IT offset provider to BAE Systems and maintains relationships with various other multinational corporations. A-Division maintains office in the United Kingdom.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. The above information does not guarantee any successful closing of new business. No assurances can be given that any projections related to gross revenues or profit margins will be realized. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
SOURCE: IBSG International, Inc.
For IBSG International, Inc., Celebration Porter, LeVay and Rose, Inc. Michael Porter, 212-564-4700
Copyright Business Wire 2006
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XA Files 10Q Quarterly Report -- Company's Mid Year Revenue Increases 5% to $5.39 Million 8/15/2006
CHICAGO, IL, Aug 15, 2006 (MARKET WIRE via COMTEX News Network) -- XA, Inc. (XA) (OTCBB: XAIN), a major national event marketing firm that serves many Fortune 500 companies, today filed its quarterly report for the fiscal quarter ended June 30, 2006.
Highlights
-- Year to date revenue through the second quarter ended June 30, 2006 rose 5% to $5.39 million from $5.13 million in the same period a year ago -- Gross Profit for the second quarter ended June 30, 2006 rose 9% to $1.03 million from $949,558 in the same period a year ago -- XA Scenes opened its first venue in New York City
Revenue for the fiscal quarter ended June 30, 2006 dropped 4.9% to $2.35 million from $2.46 million in the same period a year ago. The Company reported a net loss of ($218,571) or ($0.06) per share for the quarter ended June 30, 2006, compared to a net loss of ($117,385) or ($0.01) per share for the same period in 2005. Currently, the number of shares outstanding is 3,802,250 with 1,174,103 shares in the public float.
Marketers spent an estimated $166 billion on event marketing in 2004, up a healthy 9% for the year. Companies earmarked an average 25% of their 2005 budgets for event marketing, up from 10.7% last year, according to PROMO's survey of event marketing executives. (Source: PROMO Magazine, April 2005)
Investors may view the Company's 10QSB filing at www.sec.gov.
About XA
XA has offices in Chicago, New York and Los Angeles from which it provides corporations and highly visible brands with comprehensive event marketing, design and production services. Since 1989, the XA team has been the creative force behind prestigious, national projects for such clients as The NBA, Disney, McDonald's, British Telecom, Song Airlines, Eurex, Olympus, Salvatore Ferragamo, Vogue, W Hotels, ABN AMRO and Emirates Airline. In 2003 and 2004, Special Events Magazine ranked XA as one of the "Top 50 Powerhouse Event Companies in the World."
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "will," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. XA, Inc. (OTCBB: XAIN) takes no obligation to update or correct forward-looking statements and also takes no obligation to update or correct information prepared by third parties that is not paid for by the Company.
For more information, please contact: Company: Amanda Puck XA 312-239-2370 amanda*expagency.com
SOURCE: XA, Inc.
mailto:amanda*expagency.com
Copyright 2006 Market Wire, All rights reserved.
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PRESS RELEASE: Bicoastal Communications Inc. Announces E911 Service Agreement
GRAND JUNCTION, Colo.--(BUSINESS WIRE)--Aug. 15, 2006-- 7:06 p.m.
Bicoastal Communications Inc. (Pink Sheets: BCLC) announces it has reached an agreement with Dialpoint Voice Service Inc. of Nevada to provide E911 services for its National VoIP (Voice over Internet Protocol) rollout through Callingpoint Communications.
This will give Bicoastal the ability to provide E911 services to all of the lower 48 states via VoIP as required by the FCC. Upon successful testing of the system, Bicoastal will be in position to start offering Residential and Business VoIP services through its Callingpoint Communications unit within the next two weeks.
About Bicoastal Communications
Bicoastal Communications Inc. is positioned to make substantial growth in the coming years. The company strategy is to deploy into non-primary cities with population centers of less than one million people. Unlike the major metropolitan areas of the country, these cities have not seen the benefit of competitive product offerings. Bicoastal intends to address these deficiencies by encompassing its IP services, Traditional and VoIP Telephone services and Television (IPTV) services, securing revenues with the much-touted triple play. The strategic partnerships developed have already made it possible for Bicoastal to gain direct access to 25,000 fiber-connected homes throughout the United States. For more information about Bicoastal Communications Inc., please go to www.bicoastalinc.com.
Safe Harbor Statement
The statements made in this press release, which are not historical facts, contain forward-looking statements concerning potential developments affecting the business, prospects, financial conditions and other aspects of the company to which this release pertains. The actual results of the specific items described in the 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.
CONTACT: Bicoastal Communications Inc. George Carter, 970-257-9045 george*bicoastalinc.com
SOURCE: Bicoastal Communications Inc. Copyright Business Wire 2006
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COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Xechem Chairman Responds to Shareholder Questions Regarding NICOSAN(TM) Progress and Sales Forecasts
NEW BRUNSWICK, N.J., Aug 16, 2006 (BUSINESS WIRE) -- The Chairman of Xechem International, Inc. (OTC BB: XKEM), Dr. Ramesh C. Pandey, responded today to a number of questions posed by investors and others in the business community concerning the status of its operations in the aftermath of the approval of NICOSAN(TM), its sickle cell drug, by Nigerian regulators on July 3rd, 2006. Some of the questions posed to the company and answered by Dr. Pandey are the following:
Status of Production Facility
Q1: Xechem has reported that its Sickle Cell Drug, NICOSAN(TM), is being produced in limited quantities at its pilot scale facility in Abuja, and that construction has now begun on its full scale facility at the same location. When do you expect the full scale facility to be completed and at what cost?
A1: We estimate that the construction of the new facility will be completed in approximately nine to twelve months, subject to timely receipt of the required funds, and the facility will be fully operational then. Our current estimate is that the total cost of the new facility, including the cost of the required machinery and equipment, will be approximately $12 to $15 million, of which over $5 million has already been invested by the Company.
Expected Sources of Funding
Q2: What are the sources of the expected funding to finance the capital expenditures?
A2: In the past several weeks, we received a loan from NEXIM Bank of Nigeria for 150 million Naira (USD $1.2 million). The bulk of those proceeds have been earmarked for the initial phase of construction, and that work has recently begun. NEXIM has been an extremely supportive lender that likes very much what Xechem is doing in Nigeria and has expressed a strong interest in investing significantly more money into Xechem's operations there. In fact, advanced discussions are now underway with NEXIM officials concerning a substantial new loan, the proceeds of which would be used primarily for constructing the buildings for the new commercial scale facility. We are also continuing to aggressively pursue an approximately $8 to $9 million loan through the U.S. Export-Import Bank Loan Guarantee Program.
Q3: Can you provide a report on the status of the Ex-Im loan and the likelihood that it will close in the near future?
A3: As with any significant commercial loan to a company at our stage of development, issues arise during the course of negotiation and due diligence that can affect the timing of any proposed transaction. This was especially true prior to July 2006, when we received regulatory approval from Nigeria's National Agency for Food and Drug Administration and Control (NAFDAC). That approval added quite a bit of credibility to our efforts, particularly in procuring the required local Nigerian bank guarantee, and has seemed to accelerate the pace of negotiations with the various parties involved with the Ex-Im guaranteed loan. Although certainly there are no assurances as to when or if this loan will close, I believe we have satisfied all of the statutory and other requirements for the transaction and my sense is that this loan has an excellent chance of being approved in the near future.
Q4: Do you believe the government of Nigeria may step up and agree to provide financial support to Xechem in one form or another?
A4: In my judgment, the government of Nigeria has an incentive to offer financial support to Xechem for at least three important reasons. First, we have licensed our product from Nigeria's National Institute for Pharmaceutical Research and Development (NIPRD), which stands to benefit directly from our financial success through the gross royalty they will receive from the sale of our product. Second, there is no place in the world where NICOSAN(TM) is more desperately needed than Nigeria and I believe that the government has a strong incentive on humanitarian grounds to help insure that the drug reaches as many of its citizens as can be accomplished. And third, Nigeria is working very hard to improve its image internationally and to promote corporate investment, especially by American companies. The government of Nigeria knows that Xechem is being closely watched by investors and others in the business community who want to see if an American company like Xechem can be truly successful in Nigeria. For all of these reasons, I believe that the government of Nigeria would consider offering Xechem substantial financial support in one form or another under the right circumstances .
Q5: Has Xechem already approached the Nigerian government about the possibility of providing Xechem some form of financial accommodation?
A5: As with many aspects of the development of our business, until our drug was formally approved by the regulators in Nigeria, it was impossible to have meaningful dialogue concerning possible governmental support for Xechem in whatever form. Now that the drug has been approved, those doors have been opening, in some case widely, and that has been the case concerning possible governmental support. While I cannot speak to the details of those discussions or comment on the possible timing or likelihood of working directly with the government to support our operations financially, I can say that we are having high level conversations with government officials concerning a possible pre-purchase of large scale quantities of our product for distribution by the government in the country's national hospitals.
Current and Projected Sales Activity
Q6: Turning to the drug itself, have sales of the product begun and, if so, how is the drug being distributed?
A6: We have begun sales of the product on a limited basis in Abuja. Because we are producing pilot scale quantities which are insufficient to meet the expected demand for the product, we have strictly limited distribution of the drug so that, at present, it can only be acquired at Xechem Nigeria's headquarters at Sheda Science and Technology Complex (SHESTCO), Abuja. Soon, we expect to open three to four satellite offices in Abuja. These measures will last until the full scale facility is completed when we will turn to more traditional avenues of marketing and distribution throughout Nigeria and beyond. Keep in mind that once on the medicine, a patient must continue taking it on a daily basis without interruption in order for the drug to be effective. One of our big concerns is making sure that once a patient begins taking the medicine, that person will have uninterrupted access to the drug going forward.
Q7: How many patients do you expect to serve before the completion of the full-scale facility?
A7: Based on the quantities of the finished product now on hand and our current small-scale production capability, we project that we will be able to meet the needs of approximately 20,000 patients per month on an annualized basis pending completion of the full-scale facility.
Q8: What is the current price for the drug and what sales volume do you forecast for this initial period prior to full-scale production?
A8: We are currently charging 3000 Naira (USD $23) per month for adult patients and 2400 Naira (USD $18.50) per month for children. If we meet our target of supplying 20,000 patients per month on average during the first year, this will result in annual sales of approximately $5 million during this period of limited production capability. That number could be significantly higher if, as we expect, we are successful in achieving some incremental increase in capacity between now and the time the full-scale facility is completed.
Q9: Once the expanded production facility is completed, what do you feel is the market potential for this drug?
A9: There are approximately 4 million people in Nigeria alone afflicted with Sickle Cell Disease, of whom we believe upwards of 50% live in urban or quasi-urban areas where average income levels are believed to be sufficiently high to absorb the retail cost of the product. Realistically, we believe we should be able to penetrate more than half of that segment of the market over a five year period, which would result in estimated annual revenues to Xechem Nigeria of approximately $200 million at today's prices. And that is for Nigeria alone. Needless to say, down the road, we expect to generate additional revenues from sales of the product throughout Africa, not to mention India and the Middle East and, of course, Europe and the United States. Also, these figures do not take into account additional sales that may be possible to poorer segments of Nigerian society as part of a pre-purchase or other support program with the government of Nigeria.
Q10: Can you speak to the substantial decline in the price of Xechem stock that has occurred since the launch?
A10: There are many theories on that, and it's probably best for me not to address them directly. What I do feel comfortable in saying is that we have something very special going on in Nigeria right now and have unquestionably accomplished a great deal in getting to this point in spite of the many obstacles in our path. I am confident that as we secure one or more traditional bank type financings and move forward in the implementation of our business plan, things will change markedly for Xechem and its shareholders. My message to our shareholders is this: the patient investor will be rewarded as we progress toward full scale production of this historical drug.
About NICOSAN(TM) NICOSAN(TM) is an anti-sickling drug developed by Nigerian scientists at the National Institute for Pharmaceutical Research and Development (NIPRD). In clinical studies conducted under NIPRD's auspices, the drug has shown to substantially reduce the degree of sickling of the red blood cells of those afflicted with the disease. While not a cure, the clinical trials have confirmed that the large majority of patients taking NICOSAN(TM) no longer experience sickle cell "crises" while on the medication, and even among those whose crises are not eliminated, the number and severity of the crises are substantially reduced.
About Xechem
Xechem International is a development stage biopharmaceutical company working on anticancer, antiviral (including AIDS), antifungal, antimalarial and antibacterial products from natural sources, including microbial and marine organisms. Its focus is on the development of phyto-pharmaceuticals (natural herbal drugs) and other proprietary technologies, including those used in the treatment of orphan diseases. Xechem's mission is to bring relief to the millions of people who suffer from these diseases. Its recent focus and resources have been directed primarily toward the development and launch of NICOSAN(TM) (to be marketed as HEMOXIN(TM) in the US and Europe). With the Nigerian regulatory approval now in hand, Xechem will now turn to the commercialization of the drug in Nigeria and the pursuit of US FDA and European regulatory approval. In addition to NICOSAN(TM), Xechem is also working on another sickle cell compound, 5-HMF, which it has licensed from Virginia Commonwealth University.
Forward Looking Statements
This press release contains certain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by safe harbors created hereby. Such forward-looking statements involve known and unknown risks and uncertainties.
SOURCE: Xechem International, Inc.
CONTACT: Xechem International, Inc. Stephen Burg, 707-425-8855
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WNBD (.105) Awarded Solvent Free Solutions Contract in Florida to Address Dry Cleaning Pollution NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL -- (MARKET WIRE) -- 08/16/06 -- Wall Street News Alert's "stocks to watch" this morning are: Winning Brands Corporation (PINKSHEETS: WNBD), Cisco Systems® (NASDAQ: CSCO), Oracle Corp. (NASDAQ: ORCL) and Atmel Corp. (NASDAQ: ATML).
Winning Brands Corporation (PINKSHEETS: WNBD) is another company that aggressive investors and day traders are going to want to watch this morning! Yesterday after the stock markets closed, the company issued a press release announcing that its Solvent Free Solutions partnership with Miele USA has been awarded a new contract to outfit Naples, Florida Diamond Cleaners with a professional garment care technology that may rescue a multi-billion dollar industry facing new regulations.
This news may hold the attention of investors! The new system replaces hazardous chemicals still used by conventional Dry Cleaners, whose old Perchloroethylene solvent days may be numbered. The new proprietary form of Wet Cleaning delivers environmentally advanced cleaning agents with plain water instead of "Perc," the conventional toxic solvent. Using the new method it is now possible to have "Dry Clean Only" garments professionally "Wet Cleaned" without using Perchloroethylene. The United States Environmental Protection Agency (EPA) considers Perc to be hazardous to the health of workers, customers and the environment. Most of America's 35,000 Dry Cleaners are still using Perc and many are facing stiff legal regulations and even outright bans on further use. The National Institute of Environmental Health Service (NIEHS) http://www.niehs.nih.gov/external/faq/dryclean.htm says that Perc accounts for 80-85% of all Dry Cleaning chemicals used.
Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Winning Brands Corp! The State of California has already enacted a law to phase out Perc to protect residents of that State, prompting pressure in other States for similar protection. As a result there is a growing concern by Dry Cleaning operators in the USA to identify a winning alternative as technology suppliers vie to design non-Perc systems. The proprietary form of Wet Cleaning which combines Miele hardware with Winning Brands Corporation's Solvent Free Solutions is emerging as a leading contender because of the stable economic operation of their installed sites, an ability to treat all "Dry Clean Only" labelled garments as well or better than Perc with no harmful effects and high consumer satisfaction.
Prior to the latest press release, the stock closed yesterday at around Ten cents a share.
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Miele Corporation, a German based company with over 107 years of experience was recently given the Readers Digest Pegasus Award for being the most trustworthy brand in Europe for domestic and kitchen appliances. Readers Digest contacted 24,832 people in 14 participating European countries in 12 languages. Across all countries and all product categories information for many brands was collected and analysed for its 2005 European Trusted Brands Survey. Each respondent was asked to name the brand he or she trusted the most in the applicable category. Miele emerged as number one it is field. Miele has now turned its attention to the issue of safer "Dry Cleaning," by means of an alternative technology called "Wet Cleaning" for which it is the manufacturer of the hardware described in this News Release.
Cisco Systems® (NASDAQ: CSCO) up 2.7% on 72.4 million shares traded. Cisco Systems, Inc. is one of the leaders in networking for the Internet.
Oracle Corp. (NASDAQ: ORCL) up 2.8% on 47.7 million shares traded. Oracle is the world's largest enterprise software company.
Atmel Corporation (NASDAQ: ATML) up 4.6% on 7.9 million shares traded. Atmel is a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components.
Market Commentary:
"Nationally, housing sales were down 7 percent in the April-June quarter this year compared with the same period in 2005, the National Association of Realtors said Tuesday. The Realtors survey showed that the biggest declines occurred in states that had been enjoying red-hot sales during the five-year housing boom," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.***********************.
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Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. (WSCF has been compensated Forty Five Thousand Dollars for current coverage AND was previously compensated Forty Five Thousand Dollars for past coverage of Winning Brands Corporation (PINKSHEETS: WNBD), by a third party (CLX & Associates Inc), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's
stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements 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 "may," "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 actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. 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 in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.
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SMKG (.11) to Acquire Fifty Percent Share of Excel Auto Leaseback in Quebec Aug 16, 2006 8:05:00 AM
SAN ANTONIO, TX -- (MARKET WIRE) -- 08/16/06 -- Smart Card Marketing Systems Inc. (PINKSHEETS: SMKG) (FRANKFURT: QYH), a leading provider of prepaid cards, value smart storage cards and payment transaction management services, announced today that they have entered into an agreement to acquire a fifty percent share of Excel Auto Leaseback.
Excel Auto Leaseback (9157-0366 Quebec Inc.) of Anjou, Quebec offers consumers short term loans to a maximum of twelve months on equity. The loans range from $1,200.00 to $10,000.00 with a return for Excel of between fourteen and eighteen percent per loan. Currently, Excel issues up to approximately sixty loans per month, but with the partnership with Smart Card, this figure can easily grow to around five hundred loans per month.
Smart Card CEO, Massimo Barone stated, "Smart Card is once again positioning itself to be a major contender in the prepaid services industry by establishing partnerships and developing relationships with companies that allow Smart Card to grow its existing offerings."
Smart Card will not only share in the interest revenues from the loans, but Excel will also use Smart Card's prepaid Mastercard� for the disbursement and repayment of the loans. The ultimate goal of this union is to establish retail locations that incorporate Excel's existing services along with the services provided by Smart Card with VelocityMoney(TM) and VelocityMerchant(TM). The initial rollout of this plan will start with the existing Excel locations in Quebec, with the goal of expanding into Toronto, New York, and New Jersey with additional locations.
Vince Mercurio, president of Excel Auto Leaseback, stated, "The advantage of partnering with Smart Card Marketing Systems will allow us to fulfill payment solutions for clients, give us a broader market reach, as well as help us grow our full suite of financial offerings."
About Excel Auto Leaseback
Excel Auto Leaseback was established in June of 2005 and is owned and operated by its president, Mr. Vince Mercurio. The purpose of the company is to develop a niche in short term financing for consumers with same day needs. Excel Auto Leaseback also extends its service through a secondary office in Quebec City.
About Smart Card Marketing Systems, Inc.
Smart Card Marketing Systems Inc. has taken a mainstream position in the smart and prepaid charge card market to develop, integrate and to jointly deploy turnkey co-branded solutions for loyalty and payment management transactions. Smart Card Marketing Systems Inc. seeks industry suppliers and creates channel partners to better the availability of API's (automated protocol interfaces) that respectively are only available to preferred corporations/clients and manages the required protocol in-place by the offering institution for the merchant.
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 about the expected future prospects of our business and all other statements in this release other than historical facts, constitute forward-looking statements. You can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "would," "should," "seeks," "approximately," "intends," "plans," "estimates," or "anticipates" or similar expressions which concern our strategy, plans or intentions. All statements we make relating to estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results are forward-looking statements. In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments. All of these forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those we expected. We derive most of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. Some of the factors that we believe could affect our results include: general economic and market conditions, including the lingering effects of the economic slowdown and services revenue; the overall condition of the bank card industry, including the effect of any further consolidation among financial services firms; the regulatory, credit and market risks associated with our operations; the integration of acquired businesses, the performance of our businesses; the effect of war, terrorism or catastrophic events; the timing and magnitude of sales; the timing and scope of technological advances; the ability to retain and attract customers and key personnel; and the ability to obtain patent protection and avoid patent-related liabilities in the context of a rapidly developing legal framework for software and business-method patents. The factors described in this paragraph and other factors that may affect our business or future financial results and when applicable, will be discussed in our filings with the Securities and Exchange Commission. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.
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EGVI (.007) Receives New Order for the Prestigious Island on Lake Travis Development Aug 16, 2006 8:00:00 AM 2006 PrimeZone Media Network
OXFORD, Miss., Aug. 16, 2006 (PRIMEZONE) -- Energy Vision International (Pink Sheets:EGVI), a rapidly growing diversified energy company announces the award of an additional new order on 'The Island on Lake Travis' luxury condominium development.
We are pleased to announce this new contract awarded to our subsidiary company, American Geothermal. The company has placed an order for 30 new 'DeMarco Energy Miser' units as part of the ongoing refurbishment of several properties nearing completion. The combined worth of this order including labor will be in the region of $80,000.00.
Approximately 50% of the homes on the site have now been upgraded to the 'DeMarco Energy Miser' system. Our ambition is to see the entire development's heating and cooling solution powered by the 'Energy Miser' system and we will continue to bid for the remaining contracts as they come up for tender.
Chairman of Energy Vision International, Anthony Welch commented: "The Island development demonstrates our ability as an organization to successfully deliver on large-scale contracts. We intend on capitalizing on this valuable experience and bid for more high-value local government and commercial contracts as we approach 2007. This new contract puts us firmly on track to achieve our projected year-end sales revenues."
About Energy Vision International
Energy Vision International grows through energy-related acquisitions, marketing its patented geothermal water-air heating/cooling systems, and sales of energy conservation solutions. The company has three subsidiaries at present with plans for more.
The company's subsidiary, DeMarco Energy Systems of America, Inc. (http://www.demarcoenergy.com), has geothermal installations in Oregon, Pennsylvania, Washington, Montana, South Dakota, Mississippi, California and Texas. EVI's primary focus is to provide energy efficient technologies to commercial and institutional markets through the application of the DeMarco 'Systems' patents and other acquired technologies. For more information, visit http://www.energyvisionintl.com
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
CONTACT: Energy Vision International Investor Relations (662) 236-5928 ir*energyvisionintl.com
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RGMI (.56) Announces Record Second Quarter and Six Months Financial Results Net Income Increases 766% Over 2nd Quarter 2005 Aug 16, 2006 7:00:00 AM
DALLAS, TX -- (MARKET WIRE) -- 08/16/06 -- RG America, Inc. ("RG America") (OTCBB: RGMI), a Dallas-based insurance restoration company specializing in recovery, remediation, roofing and re-construction of insurance losses, announced record financial results for its second quarter and six months year-to-date, ending June 30, 2006. The Company achieved revenues for the second quarter of $8,224,183; an increase of over 295% compared to revenues of $2,084,952 in the second quarter of 2005. Net income for the same quarter increased approximately 766% to $315,088 compared to $36,386 of net income in the second quarter of 2005. This resulted in approximately $0.01 of basic earnings per share, compared to $0.00 per share in the same period 2005.
For the six months ended June 30, 2006, RG America achieved revenues of $17,497,019; an increase of over 249% compared to revenues of $5,019,518 for the first 6 months of 2005. This resulted in approximately $0.04 of basic earnings per share, compared to $0.00 per share in the same period 2005. For further information, see the Company's Form 10-QSB filing for the period ended June 30, 2006.
"RG America has shown strong growth through the first half of fiscal 2006 and continues to generate solid revenues with its ongoing operations from Texas to the Atlantic Coast," stated Bruce A. Hall, CEO for RG America, Inc. "The Company continues to build on its fundamental business plan, providing insurance restoration services for commercial buildings after catastrophic losses and assisting our customers in getting back to pre-loss condition in a timely manner," added Mr. Hall.
"Our team has been working very hard, sometimes under incredibly adverse conditions, to bring our customers' properties back online," commented James Rea, COO for RG America, Inc. "We are proud of our staff, both in the field and at our Operations Center, as we prepare for the remainder of 2006 and continue working on projects resulting from major commercial insurance losses," he continued.
RG America's significant increase in revenues is mainly a result of the Company's transition from a regional company to a national insurance restoration platform, allowing it to capture more business across the nation. RG America, Inc. is currently working on projects ranging from Texas to the Atlantic Coast and will strive to achieve continued growth and expansion in its market sector.
RG AMERICA, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Three Months Ended Six Months Ended June 30, June 30, 2006 2005 2006 2005 ------------ ------------ ------------ ------------
Operating expenses: Selling, general and administrative 707,744 258,487 1,319,483 587,662 Compensation, payroll taxes and benefits 784,165 174,847 1,844,807 754,789 Stock compensation 209,488 3,250 308,824 314,838 Consulting and contract labor 244,759 60,429 451,244 121,779 Professional 42,676 91,275 241,247 131,305 Recovery of impairment - - - (116,669) Rent 150,512 82,078 310,498 152,339 Depreciation 77,265 23,524 150,737 40,443 ------------ ------------ ------------ ------------ Total operating expenses 2,216,609 693,890 4,626,840 1,986,486 ------------ ------------ ------------ ------------
Income from operations 722,514 58,983 2,044,033 187,064
Other expense:
Other income (expense), net 70,940 (9,248) 70,940 2,096 Interest and financing cost, net (478,366) (13,349) (934,264) (131,389) ------------ ------------ ------------ ------------
Total other expense (407,426) (22,597) (863,324) (129,293) ------------ ------------ ------------ ------------
Net income $ 315,088 $ 36,386 $ 1,180,709 $ 57,771 ============ ============ ============ ============
Net income per share - basic $ 0.01 $ 0.00 $ 0.04 $ 0.00 ============ ============ ============ ============ Net income per share - diluted $ 0.01 $ 0.00 $ 0.03 $ 0.00
Basic weighted average outstanding shares 31,873,661 24,593,351 31,240,934 24,524,432 Diluted weighted average outstanding shares 49,293,576 25,726,304 44,496,913 26,399,187
RG AMERICA, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
Six Months Ended June 30, 2006 2005 ----------- ----------- Operating Activities: Net income $ 1,180,709 $ 57,771 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation 150,737 40,443 Write off of investment in limited partnership Provision for doubtful accounts 424,219 - Amortization of deferred compensation 100,400 5,487 Non-cash interest expense 493,202 - Stock options issued for consulting services - 309,351 Stock warrants issued for consulting services 82,604 - Stock options issued for employee services 106,320 - Stock issued for professional services 18,250 - Stock issued for employee compensation 1,250 - Stock cancelled related to acquisition (50,000) (116,669) Stock warrant issued for debt services - 27,357 Changes in operating assets and liabilities: Contracts receivable (8,136,312) (228,956) Unbilled revenue and deferred revenue, net (2,317,738) 420,775 Prepaid expenses (187,375) (58,822) Other receivables (99,300) (116,395) Increase in note receivables - Other non current assets (40,600) - Bank overdraft 24,314 13,610 Accounts payable - trade 1,473,880 106,733 Accrued expenses 763,773 (544,133) Withholding taxes payable 4,837 (38,554) ----------- ----------- Net cash used in operating activities (6,006,830) (122,002)
Investing Activities: Investment in certificate of deposit (740) (179,728) Purchases of property and equipment (135,449) (211,603) ----------- ----------- Net cash used in investing activities (136,189) (391,331)
Financing Activities: Repayments of notes payable - related party (3,862) - Repayments of notes payable (6,874,220) (19,529) Repayments of bank line of credit - (195,015) Proceeds from issuance of notes payable 12,337,755 17,000 Proceeds from issuance of convertible debenture notes - 400,000 Proceeds from bank line of credit - 209,582 ----------- ----------- Net cash provided by financing activities 5,459,673 412,038
Net decrease in cash and cash equivalents (683,346) (101,295) Cash and cash equivalents at beginning of period 683,346 111,345 ----------- ----------- Cash and cash equivalents at end of period $ - $ 10,050 =========== ===========
Cash paid during the period for interest $ 895,331 $ 9,264 =========== ===========
Supplemental Disclosure of Non-cash Transactions: Stock issued for conversion of accounts payable $ - $ 24,467 Stock issued for conversion of accrued expense $ 283,833 $ 111,834 Note payable related party issued for conversion of accrued expense $ - $ 11,666 Note payable issued for purchase of property and equipment $ 29,000 $ - Stock issued for conversion of notes payable $ 535,413 $ 2,500 Receivable for deferred revenue $ 437,500 $ - Stock issued for other non current asset $ - $ 30,000 Warrant issued for credit facility $ 877,596 $ -
RG AMERICA, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET (Unaudited)
ASSETS June 30, June 30, 2006 2005 ------------ ------------ Current assets: Cash and cash equivalents $ - $ 10,050 Investment in certificate of deposit 140,740 179,728 Contracts receivable, net of allowance for doubtful Accounts 17,141,583 2,038,734 Unbilled revenue 5,449,852 255,171 Prepaid expenses - net of accumulated amortization 1,319,296 60,991 Other receivables 1,050,416 152,979 Notes receivable 351,000 - ------------ ------------ Total current assets 25,452,887 2,697,653
Property and equipment, net of accumulated depreciation 1,056,227 441,774 Other non-current assets 99,450 35,000 ------------ ------------
Total assets $ 26,608,564 $ 3,174,427 ============ ============
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
LIABILITIES June 30, June 30, 2006 2005 ------------ ------------ Current liabilities: Bank overdraft $ 24,314 $ 13,610 Accounts payable, trade 6,597,209 1,872,157 Accrued expenses 2,695,656 775,784 Withholding taxes payable 96,557 231,140 Deferred revenue 588,993 562,484 Bank line-of-credit 140,000 179,582 Notes payable - related parties 52,368 33,038 Notes payable, net of debt discount 9,439,229 261,530 Convertible debenture notes - 400,000 ------------ ------------ Total current liabilities 19,634,326 4,329,325
Long-term debt - related party 3,973 4,710 ------------ ------------ Total liabilities 19,638,299 4,334,035
Commitments and contingencies - -
STOCKHOLDERS' EQUITY (DEFICIT)
Stockholders' equity (deficit) Preferred stock, $.001 par value, 35,000,000 shares authorized, none issued and outstanding - - Common stock, $.001 par value, 300,000,000 shares Authorized 29,193 20,559 Common stock subscribed (82,948) (271,507) Additional paid in capital 8,930,213 5,898,013 Common stock warrants 2,570,529 157,357
Total stockholders' equity (deficit) 6,970,265 (1,159,608) ------------ ------------
Total liabilities and stockholders' equity $ 26,608,564 $ 3,174,427 ============ ============
About RG America, Inc.
RG America is a family of companies delivering both insurance restoration services and targeted insurance services/products. Its restoration subsidiaries specialize in remediation, insurance recovery, roofing, reconstruction and management for insurance losses. The company focuses primarily on multi-family and commercial real estate properties that have experienced catastrophic losses caused by hurricane, flood, fire, wind or hail.
A number of statements in this press release are forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors described in the Company's filings with the SEC. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.
Contact:
Tim Clemensen Rubenstein Investor Relations 212-843-9337 Email Contact
Kevin L. Dahlberg RG America Inc. 972 919-4774 ext. 224 Email Contact
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SHRN (.029) Revenues Grow 380% Over Prior Year
NEW YORK, August 16 /PRNewswire-FirstCall/ -- The Shelron Group (OTC BB: SHRN), the parent company of ActiveShopper, today announced outstanding revenue growth of ActiveShopper.com operations over the same six-month period of 2005.
ActiveShopper.com revenues between January through June 30, 2006 grew by 383% relative to 2005 results for the same time period.
"We expect to see continued growth for Q3 of this year," says David Becker, Shelron Group's Vice President. "This fantastic growth represents the culmination of many expansion activities, including the launching of our UK site, forging of new strategic relationships, the addition of several new features, and targeted keyword advertising. We plan to build on this success over the coming months", added Eliron Yaron, Chairman of the group.
According to a report published by the Interactive Advertising Bureau and PriecewaterhouseCooopers (April 20, 2006), overall internet advertising revenues in the U.S. grew by 30% in 2005 over the prior year, reaching a new record of $12.5 billion. The report attributes this continued growth to the "effectiveness of building brands and delivering online and offline sales." New advertising opportunities, resulting from significant improvements in broadband delivery, were also noted as source of future growth. The report notes that keyword advertising represents 41% of U.S. online advertising spending.
About Shelron Group
Shelron Group Inc. is a leading developer of advertising and comparative shopping software, products, and services. ActiveShopper(TM) is the brand name of the company's comparative shopping products, which include US and UK comparative shopping websites, a mobile website for cell phone and PDA users, and various price-detecting comparative shopping installable clients. The company's stock is publicly traded on the OTC Bulletin Board under the symbol SHRN. Additional information is available at http://www.ActiveShopper.com and http://www.ShelronGroup.com.
Safe Harbor Statement:
Safe Harbor Statement This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives and other forward looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. A number of factors could cause our actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in our filings with the Securities and Exchange Commission (available at http://www.sec.gov). Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein. We assume no obligation to update any forward-looking statements Contact:
Steven Weiss
+1-609-395-0807
IR*activeshopper.com
SOURCE Shelron Group Inc.
Contact Information: Contact: Steven Weiss, +1-609-395-0807, IR*activeshopper.com
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SUUB (.37) Releases CEO Letter to Shareholders; Company Chief Executive Officer Details Recent Progress to Expand Brand Portfolio and Execute Key Retail Orders Aug 16, 2006 6:30:00 AM Copyright Business Wire 2006
LOS ANGELES--(BUSINESS WIRE)--Aug. 16, 2006--
Sub-Urban Brands, Inc. (OTCBB:SUUB), a multi-brand apparel company pursuing high-margin revenue growth in the global fashion industry, has issued the following letter to shareholders today from Chief Executive Officer Joseph Shortal.
Dear Investors,
This letter is intended to give our valued shareholders an update on the exceptional progress that Sub-Urban has achieved over the past several months.
To name just a few of the important milestones, I want to draw your attention to several of the high-profile retail orders we've received, as well as our successful new brand launches and the execution of highly-impactful marketing campaigns.
I believe that these initiatives have validated Sub-Urban's business model, and helped us move substantially toward our goal of positioning Sub-Urban as one of the industry's most influential designers and manufacturers of fashion for the multibillion-dollar worldwide youth market. That market includes some 40 million young consumers who represent an estimated $200 billion in spending power in the U.S. alone.
Recently, Sub-Urban expanded its brand portfolio with an exciting new brand: Mash Culture Lab(TM). It joins our signature WHITEBOY(R) brand, PYT(TM) styles for younger girls, WHITEBOY Girl(TM) and Black Jesus(R).
Excitingly, these brands are starting to gain traction in the marketplace. Sub-Urban recently secured a substantial product order from prominent fashion industry retailers Santa Monica-based Fred Segal and East Coast fashion icon Dr. Jay's. In addition, leading music and entertainment retailer Virgin Megastores will carry our Mash Culture Lab(TM) brand in flagship stores in five major cities, including its Times Square location in New York City.
These retailers represent some of the most influential brands in the fashion industry. In addition, each supports an elite professional consumer base that includes the stylists and buyers that influence worldwide fashion trends and some of the largest nationwide retailers.
It is important to note that these prominent retail orders came in at the beginning of the selling season which will continue through the end of the year.
Each of these orders also reflects Sub-Urban's commitment to an expanding portfolio of edgy, youth-oriented brands that capitalize on multiple, non-competing distribution channels. This diversified multi-brand strategy allows us to target both niche and mainstream markets without diluting brand equity. For example, Fred Segal, a cutting-edge boutique retailer, will continue to carry the more edgy WHITEBOY(R) brand, while Mash Culture Lab(TM) is positioned to address major national department store retailers that attract the larger mainstream consumer base.
Each of our brands has been engineered to generate consumer buzz and to maximize sales. Our WHITEBOY(R) brand continues to drive our mainstream visibility through the vastly influential celebrity culture. Due to the brand's fashion-forward designs and a number of non-traditional marketing and public relations initiatives, we have gained momentum from the mainstream media through unpaid product endorsements from A-list celebrities such as Tommy Lee (Motley Crue), Jessica Alba ("Sin City"), Don Cheadle ("Hotel Rwanda") and Chester Bennington (Lincoln Park), among many others.
We are also particularly proud of our ongoing fund-raising program to assist victims of Hurricanes Katrina and Rita, which raises money for these families through the sale of special-edition "American Refugee" T-Shirts designed by Academy-Award nominee Don Cheadle.
To capitalize on this extensive media attention, Sub-Urban recently partnered with two of the most successful marketing agencies in the nation. In June, we hired Los Angeles-based Caro Marketing, which is led by BrandWeek's "Guerilla Marketer of the Year," Caroline Rothwell. In addition, we partnered with AGW marketing, based in New York City, to target the world's most influential fashion market by connecting with the city's cultural elite. This latest partnership has already seen exceptional success with the launch of the Get Cocky Awards, a charity event that was held at 7 World Trade Center in lower Manhattan, sponsored by the Company's Mash Culture Lab(TM) clothing line.
Sub-Urban's management is 100 percent committed to delivering long-term value for Sub-Urban's shareholders. To that end, we have laid the necessary groundwork to become a powerhouse in the fashion industry. We believe we are situated both financially and strategically to be successful in this endeavor.
To learn more about Sub-Urban or to stay updated on our latest news and progress, please visit http://www.trilogy-capital.com/tcp/sub-urban/. Thank you for your continued support. You can expect great things from Sub-Urban.
Sincerely,
Joseph Shortal Chief Executive Officer Sub-Urban Brands, Inc.
About Sub-Urban Brands
Sub-Urban Brands, Inc. is a multi-brand company which designs and markets cutting-edge lifestyle apparel that targets the rapidly growing multibillion-dollar youth consumer marketplace. The Company pursues robust revenue-generating opportunities within multi-tiered retail markets that leverage multiple brands and market segments to create financial success. Sub-Urban is committed to further expansion and increased shareholder value through both the internal development of intellectual property and acquisition of additional brands, as well as to the establishment of new international marketing alliances that will reinforce its recurring and non-recurring revenue streams. Inspired by the energy and vigor of youth, urban and music culture, Sub-Urban is initially focused on creating a family of non-competing brands for its key target consumer, an estimated 40 million 15-29 year olds. Sub-Urban's current portfolio of trademarked apparel and accessory brands includes WHITEBOY(R) for Men, WHITEBOY(R) Girl, Mash Culture Lab(TM), BLACK JESUS(R) streetwear apparel and PYT(TM) styles for younger girls. Consistent with the company's high growth strategies, the Company will be actively marketing these brand offerings to Japan, Canada, Australia and 25 European countries. For additional information, please visit www.whiteboy.com, www.whiteboygirl.com,www.mashculturelab.com, and www.getcocky.com. For more investor oriented information about Sub-Urban, visit http://www.trilogy-capital.com/tcp/sub-urban/. For current stock price quotes and news, visit http://www.trilogy-capital.com/tcp/sub-urban/quote.html. To view an Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/sub-urban/factsheet.html.
Forward-Looking Statements
This press release includes statements that may constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, availability of capital and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Source: Sub-Urban Brands, Inc.
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Media and Public Relations: Caro Marketing Caroline Rothwell 323-781-2276 or Financial Communications: Trilogy Capital Partners Paul Karon 800-592-6067 paul*trilogy-capital.com
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LAS VEGAS--(BUSINESS WIRE)--Aug. 16, 2006-- PTS Inc. (OTCBB:PTSH) announced today that total net sales and revenues were $345,698 for the six months ended June 30, 2006. This compares to $68,629 for the prior comparative period, representing a 403% increase. The increased results come from the inclusion of revenue from Disability Access Consultants (DAC), which was acquired in late 2005. During the six months ended June 30, 2006, the company experienced a net loss of $0.01 per share compared to a net loss of $0.43 per share for the same period in 2005.
About PTS Inc.
PTS Inc.'s subsidiary, Glove Box Inc. (www.ptspi.com), owns the rights to the patented, revolutionary Glove Box(TM), the only product that offers contamination reduction through automated glove dispensing. The Glove Box(TM) system is a free-standing dispenser of disposable latex gloves, which is being marketed by PTS in the United States and Asia. Another subsidiary of PTS Inc. is Disability Access Consultants (DAC). More than 54 million people in the United States have a disability, a number equal to 20% of the population. The Americans with Disabilities Act of 1990 requires all organizational entities, public or private, with more than 15 employees, to provide equal access for individuals with disabilities. It is estimated that there are more than seven million sites at risk across the United States. For more information about DAC, visit: www.adaconsultants.com. PTS Card Solutions Inc. (OTC:PTCD) is a partially owned and controlled subsidiary of PTS Inc. PTS Inc. recently assigned all of its interests in Global Links Card Services to this newly acquired subsidiary, PTS Card Solutions Inc. Global Links Card Services Inc. markets its FastMax Prepaid Debit Card through various agents and distributors. Safe Harbor Statement Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results.
KEYWORD: NORTH AMERICA NEVADA UNITED STATES INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES PROFESSIONAL SERVICES BANKING EARNINGS SOURCE: PTS Inc.
CONTACT INFORMATION: PTS Inc., Las Vegas Peter Chin, 702-327-7266 E-mail: psc3388*yahoo.com
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SMMW (.0001) DENVER, CO -- (MARKET WIRE) -- 08/16/06 -- Summus Works, Inc. (PINKSHEETS: SMMW) and ********** announced the following updated coverage of SMMW trade statistics by ********** after releasing the latest short sale data to August 2006. Previous releases under-reported the total trade volume and approximate total short volume due to statistical deficiencies involving massive amounts of SMMW trade data. From January 2005 to August 2006 approximately 121.46 billion total aggregate shares of SMMW have traded for a total dollar value of nearly $17.55 million. The total aggregate number of shares shorted in this time period is approximately 9.35 billion shares.
Because brokerage firms are only required to disclose what they are short on one day of the month, the average amount of Total Short Volume in stocks is approximately 20 times (20 trading days vs. 1 trading day) the disclosed Total Short Interest figure. In some cases, ********** has seen Total Short Volume higher by as much as 100 times the disclosed increase in Total Short Interest for that given month.
"We are using this latest data compiled by ********** to shape our proactive program to curtail any abusive short selling practices affecting the Company's stock," said Summus Works President Dan Burgess, noting that the Company will continue to rely on ********** to provide its monthly determination of the Company's "SqueezeTrigger" price per share.
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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VPER (.0335) Signs Agreement with VoEx for Enhanced International Revenues; Viper Networks is Selected as VoEx's Preferred Carrier for All International Traffic and Adds an Estimated $1.8 Million in Annual Sales Aug 16, 2006 9:00:00 AM Copyright Business Wire 2006
SAN DIEGO--(BUSINESS WIRE)--Aug. 16, 2006--
Viper Networks, Inc. (OTC:VPER), a leading innovator in Voice-over-Internet protocol (VoIP) products and services, today announced that it has signed an agreement with VoEx, Inc. (www.VoEx.com) for the termination of VoEx's international traffic.
Viper Networks Chief Executive Officer Farid Shouekani commented, "The VoEx relationship is another step in our plan for Viper Networks to become profitable this year. Based upon the business plan completed with VoEx, we expect the relationship to initially generate an additional $450,000 of incremental quarterly revenue which will assist Viper Networks in its goal to be a profitable Voice-over-the-Internet Company in 2006."
Mr. Shouekani added, "For several years Viper Networks has exchanged non-material transactions with VoEx and is pleased to have been selected as VoEx's preferred carrier for all of their international traffic. VoEx has the leadership and capital resources to assist Viper Networks in broadening our wholesale market penetration to generate incremental revenue and margin in our all out pursuit of profitable."
About Viper Networks
Viper Networks, Inc. provides VoIP products and services through distributors and resellers around the world. Its network of VoIP gateways serves more than 350 countries and regions, and it is unique in offering both network services and equipment to its customers. Unlike most competing VoIP providers, Viper Networks offers its service on a pre-pay basis. It charges only for minutes used and does not require any monthly fees. Its Internet-based users can get dial-up or broadband service with equal quality. Viper has been pioneering VoIP service and technology for more than five years. Please visit www.vipernetworks.com for more information.
Forward-Looking Statement: Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. In addition to the factors discussed in the filings with the Securities and Exchange Commission, among the other factors that could cause actual results to differ materially are the following: adverse changes in the business conditions and the general economy; competitive factors, such as rival companies' pricing and marketing efforts; availability of third-party material products at reasonable prices; the financial condition of the customer; risks of obsolescence due to shifts in market demand; and litigation involving product liabilities and consumer issues. Viper Networks, Inc. cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Viper Networks, Inc. expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company's expectations or any change in events, conditions or circumstances on which any such statement is based.
Source: Viper Networks, Inc.
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Viper Networks Inc. Ron Weaver 949-533-7958 ron*vipernetworks.com
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RVEM 0.0001 an exclusive interview with www.wallst.net
NEW YORK, Aug. 16 /PRNewswire/ -- On August 9, Joseph DiFrancesco, Chief Executive Officer for Raven Moon Entertainment, Inc. (OTC Bulletin Board: RVEM) updated the investment community in an exclusive interview with www.wallst.net . Topics covered in the interview include an overview of the Company and the markets it serves, recent press releases, current capitalization, upcoming strategic and financial milestones. To hear the interview in its entirety, visit www.wallst.net , and click on "Interviews." Interviews require free registration, and can be accessed either by locating the respective company's ticker symbol under the appropriate exchange on the left-hand column of the "Interviews" section of the site, or by entering the respective company's ticker symbol in the Search Archive window. About Raven Moon Entertainment, Inc.: Raven Moon Entertainment, Inc. engages in the development and production of children's television programs and videos in the United States. It produces a children's video and television series entitled Gina D's Kids Club(R), which has resulted in 31 DVD titles, a music library of approximately 160 songs, and a cast of characters suitable for licensing and merchandising opportunities. The company is also developing a movie called 'GINA D & THE TRANSISTOR SISTERS' and has launched 'GINA D'S READING ACROSS AMERICA PROGRAM LIVE'. Raven Moon licenses and merchandises The Cuddle Bug, The Christmas Cuddle Bug, The Cuddle Bug Cousins, The Birthday Cuddle Bugs, The BoBo Blocks, and Mr. Bicycle Man product lines. The company also engages in compact disk music production, Internet Web sites focused on the entertainment industry, music publishing, and talent management. Raven Moon Entertainment was founded in 1998 and is based in Longwood, Florida. About WallSt.net: www.wallst.net is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. The website is a leading provider of financial news, media, tools and community-driven applications for investors. www.wallst.net offers visitors free membership to its in-depth executive interviews, exclusive editorial content, breaking news, and several proprietary applications. In addition to its website, WallStreet Direct organizes investor conferences, publishes a newspaper, and provides multimedia advertising solutions to small and mid-sized publicly traded companies. We are expecting to receive one hundred seventy five dollars from Raven Moon Entertainment, Inc. for the dissemination of this press release. For a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.asp . SOURCE WallStreet Direct, Inc.
Contact Information: Nick Iyer of Digital Wall Street, Inc., +1-800-4-WALL-ST
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GVEM 0.0950 Signs Definitive Agreement to Acquire Pollution Control Industries, Inc. Purchase Price to Be $35 Million
August 16, 2006 - 7:05 AM EDT
General Environmental Management, Inc. Signs Definitive Agreement to Acquire Pollution Control Industries, Inc. Acquisition Expands GEM's Footprint Nationwide GEM Retains Key Management From PCI Purchase Price to Be $35 Million General Environmental Management, Inc. ("GEM") (OTCBB: GEVM), a California-based, leading environmental and waste remediation company, announced today the company has executed a definitive agreement to acquire Pollution Control Industries, Inc. (PCI), an Indiana-based provider of hazardous and non-hazardous waste management services. Under the terms of the agreement, GEM expects to pay $35 million in cash for PCI and expects the transaction to close by September 30, 2006. The acquisition is subject to various standard closing conditions, including applicable regulatory approvals.
Timothy J. Koziol, Chairman and CEO of GEM, stated, "With this acquisition, GEM will become a full service provider of environmental solutions on a national scale as we will be able to duplicate our Western U.S. region platform in multiple U.S. markets through a roll-up strategy serviced by PCI's Treatment, Storage, and Disposal Facilities in East Chicago, IN and Memphis, TN. As we previously stated, our strategy in 2006 would be to build on the technology, on-site services, and marketing platform we had in the Western U.S. through expanding our service offerings and geographic scope. Our acquisition of K2M Mobile Treatment Services, Inc. in March 2006 added a niche business segment, mobile waste water treatment and vapor recovery services. The PCI acquisition will expand our offerings and geographic scope."
"GEM and PCI both have extensive customer relationships with minimal service line and geographic overlap," continued Koziol. "We see substantial opportunities to add value to our current clients by offering GEM's Enviro-Construction services to PCI's customers and PCI's proprietary Solids Distillation System recycling technology to GEM's accounts. In addition, the petrochemical market business tie-in with GEM Mobile Treatment Services, formerly K2M Mobile Treatment Services, serves as a launching point for GEM to offer our complete suite of services within this sector. We now have a significant opportunity to further leverage our business and framework for a vertical integration strategy in the environmental services industry."
PCI currently has 326 employees, all of whom will remain with PCI, except for Kevin Prunsky, Chairman of the Board, and John Newell, President and CEO. Among those joining the GEM team will be key executive management members including Dean Nardi, PCI's EVP of Sales & Marketing; Robert O'Brien, EVP of Operations; Ken Carle, EVP of Business Development and Margarita LaGrimes, EVP of Health & Safety and Regulatory Affairs. Combined, this group has 48 years of experience at PCI and a total of 80 years experience in the waste management industry.
"We anticipate the acquisition will be immediately accretive and have a material impact in 2006 on our bottom line," stated Brett Clark, GEM's chief financial officer. "PCI's 2005 gross consolidated revenues were $46.6 million, with consolidated EBITDA of $6.3 million."
Pollution Control Industries, Inc. was founded in 1986 by Kevin Prunsky and is headquartered in East Chicago, IN. PCI is one of the leading waste management service providers in North America and is engaged in the collection, treatment, recycling, and disposal of hazardous and non-hazardous industrial wastes. Its comprehensive array of service offerings include liquid and solid hazardous waste processing; non-hazardous waste processing; technical field services and Lab Pack De-Pack processing; transportation services; recycling through Solids Distillation System (SDS) technology; cylinder management; high-hazardous materials management and universal waste. PCI's proprietary SDS treatment technology, a revolutionary recycling technology, reclaims valuable hydrocarbons and materials from organic solid waste. SDS is cost competitive with current market disposal options, and offers environmental benefits that include preventing pollution while promoting recycling and reuse. In addition, it virtually eliminates cradle-to-grave responsibility.
As previously announced, to obtain financing for the acquisition GEM has: (a) entered into a series of agreements with Laurus Master Fund, Ltd ("Laurus") pursuant to which GEM has executed a term note (the "Note") in the principal amount of $29.5 million and received proceeds of $25 million, less certain expenses; and, (b) commenced raising up to $19 million through a private placement sale of its securities at the equivalent of $.05 per share. As part of the Laurus financing and among other consideration, Laurus will receive a warrant to purchase up to 35 percent of the outstanding common stock of PCI DE at a nominal exercise price (the "PCI Warrant"). The PCI Warrant has no expiration date. Laurus may exercise the PCI Warrants at any time, provided that such exercise does not result in Laurus beneficially owning more than 4.99 percent of PCI DE's outstanding shares of common stock. The proceeds of the Note are in escrow and will not be released unless GEM raises a minimum of $16 million through the sale of its equity securities.
About General Environmental Management, Inc.
General Environmental Management, Inc. (www.go-gem.com) is a full service hazardous waste management and environmental services firm providing integrated environmental solutions managed through its proprietary web-based enterprise software, GEMWare, including the following service offering: management and transportation of waste; design and management of on-site waste treatment systems; management of large remediation projects; response to environmental incidents and spills; and environmental, health and safety compliance. Headquartered in Pomona, California, GEM operates five field service locations and one Treatment, Storage, Disposal facility (TSDF), servicing all markets in the Western U.S.
Statements made in this press release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations and beliefs of the management of GEM. No forward-looking statement can be guaranteed. GEM undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements in this press release should be evaluated together with the many uncertainties that affect GEM's business.
Source: Market Wire (August 16, 2006 - 7:05 AM EDT)
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***.com: Fineline Licenses Six Character Groups for US $2.4 million Up-Front Fee and 20% Royalty
By M2 Last Update: 8/16/2006 5:02:02 AM Data provided by
KENT, Ohio, Aug 16, 2006 (M2 PRESSWIRE via COMTEX) -- (PINKSHEETS: FNLH) Fineline Holdings Inc. announced today that it has entered into an exclusive licensing agreement with a private European business group for the use of six character groups for a $2.4 million up-front licensing fee and a 20% on-going royalty. The licensee has the right to benefit from the use of these character groups in mobile content, TV, motion pictures, games, animation, merchandising and any other use that maintains Fineline's (PINKSHEETS: FNLH) quality standards.
The licensed character groups are Internautes, Health Scare, Illegals, White Trash, Friendly Frights and Hogstturrs. The agreement is for a period of eight years with an option for the licensee to extend the agreement for an additional eight years. The Licensee will pay Fineline (PINKSHEETS: FNLH) ( 20% of all gross revenues generated by the Licensee once cumulative gross revenues exceed US $2.4 million. The $2.4 million up-front license fee is non-refundable.
"With the payment of this license fee, we have no need for additional capital." said Robert Petry, Fineline Holdings CEO. "This is only the beginning. Our business generates very high margins and we have interest in our character groups in the areas of toys, motion pictures, TV shows, merchandising and mobile games. I am confident we will follow this win with additional licensing agreements."
Strategically, Fineline is focused on generating revenue from mass distribution of its proprietary character groups through mobile, television and/or motion picture agreements as a launching pad into additional lucrative licensing and merchandising. In the past, Fineline characters have been licensed for use with over 450 products in 20 countries. Licensees included household names such as Wendy's Hamburger, Thom McAn and Kellogg's.
About Fineline
Fineline has an extensive inventory of highly commercial cartoon characters for mobile carriers, television, movies and product merchandising. Fineline generates revenue through lucrative licensing and merchandising agreements of these assets. The company's library of original characters is one of the largest in the industry with over 214 trademarked and copyrighted cartoons. Some of the Fineline character groups have already been focus tested against Disney groups and won the test on consumer appeal. The Fineline library can be viewed at http://www.finelineproperties.com.
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XDSL (.18) mPhase Technologies Joins Oracle(R) PartnerNetwork in Strategic Drive to Grow Reach and Scale of its IPTV Solution Aug 16, 2006 9:15:00 AM Copyright Business Wire 2006
LITTLE FALLS, N.J.--(BUSINESS WIRE)--Aug. 16, 2006--
mPhase Technologies (OTCBB:XDSL) today announced that it has joined the Oracle(R) PartnerNetwork (OPN) as a systems integrator, gaining the right to be included in the OPN solutions catalog and other benefits of network affiliation.
"An alliance with Oracle is a key milestone in our IPTV program, because it provides us with the software tools to scale up the ability of the mPhase TV+ System to the anticipated market requirements," said Ronald Durando, mPhase president and chief executive. "Integration of Oracle Database products with our differentiated platform for creating and managing IPTV services creates a compelling value proposition for service providers large and small."
The mPhase TV+ System is built around an innovative and scalable cluster architecture where services control is managed through its Services Management System (SMS). Residing on general-purpose hardware like HP ProLiant servers, the software provides web-based interfaces for customer management, billing, logging and feature definition logic. It boasts a high degree of reliability with network failover features and, thanks to Oracle Database technology, offers unprecedented scalability to hundreds of thousands of subscribers.
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTCBB: XDSL) develops and commercializes next-generation telecommunications and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. In telecommunications, the Company's mPhase TV+ platform cost-effectively and reliably delivers television, high-speed Internet access and telephone service over telephone lines. mPhase also offers a growing line of innovative DSL component products, such as the iPOTS splitters, and the Broadband Loop Watch System, designed to help service providers lower the provisioning and operating costs associated with DSL. More information is available at the mPhase Web site at www.mPhaseTech.com.
About the Oracle PartnerNetwork
Oracle PartnerNetwork is a global business network of 17,700 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer customers, leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle qualify for the Oracle Certified Partner levels.
Trademarks
Oracle, JD Edwards, PeopleSoft, and Siebel are registered trademarks of Oracle Corporation and/or its affiliates.
Safe Harbor Statement
This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of the companies in light of current conditions, expected future developments and other factors believed to be appropriate. Actual results may differ as a result of factors over which the companies have no control.
Source: mPhase Technologies, Inc.
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mPhase Technologies Inc. Media: TMI Sam Gronner 201-592-7896 sam*technovative.com or Investors: 973-256-3737 x 110
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ADVC (.0012) Wins Nevada Bankruptcy Court's Approval for Reorganization Aug 16, 2006 9:15:00 AM Copyright Business Wire 2006
NEW YORK--(BUSINESS WIRE)--Aug. 16, 2006--
Pacific Magtron International Corp. (OTCBB: PMICQ):
-- Pacific Magtron Expects to Effect Merger with Operating Bio-Herbaceutical Company on or before September 11, 2006 and Distribute New Shares to All Pacific Magtron and Advanced Communications Shareholders within 15 Days Thereafter
Advanced Communications Technologies, Inc. (OTCBB: ADVC) and its majority owned subsidiary Pacific Magtron International Corp. (OTCBB: PMICQ), jointly announced today following a July 26, 2006 hearing that the U.S. Bankruptcy Court for the District of Nevada confirmed the plans of reorganization for Pacific Magtron International and its wholly-owned subsidiary, LiveWarehouse, Inc.
On August 11, 2006 the Bankruptcy Court entered an order approving and confirming the plans which are expected to become effective on or before September 11, 2006.
The plans provide for full payment to LiveWarehouse's creditors holding valid claims, at least a 50% payout to Pacific Magtron International's unsecured creditors and the merger of Herborium, Inc. into Live Warehouse a wholly-owned subsidiary of Pacific Magtron International, with Herborium as the surviving entity. Herborium, Inc. is a privately-held New Jersey-based botanical therapeutics company that provides all-natural medicinal products targeting both consumers and healthcare professionals that seek alternative and complementary answers to disease treatment, management and prevention. Herborium's botanical therapeutics, supported by clinical experience and testing, seek to address healthcare problems that are not met satisfactorily by conventional pharmaceuticals. After the merger, Pacific Magtron International expects to change its name to Herborium Group, Inc.
The plans also provide for cancellation, on the merger date, of all previously outstanding common and preferred shares of Pacific Magtron International and the distribution of newly issued shares of common stock of Herborium Group Inc. to all former Pacific Magtron International shareholders of record as of August 11, 2006. Advanced Communications' interest in Pacific Magtron International will also be cancelled and newly issued shares of common stock of Herborium Group Inc. will be distributed as a special stock distribution directly to all Advanced Communications' shareholders of record as of August 11, 2006 as well as to two former Pacific Magtron International executives pursuant to the terms of a settlement agreement also approved by the Bankruptcy Court. For more information about the anticipated distribution of the common stock of Herborium Group Inc. and other terms of the plans of reorganization, including the relative proportion of the Herborium Group, Inc. shares to be held by the Advanced Communications shareholders, the former Pacific Magtron International shareholders and others, see the Current Report on Form 8-K of Pacific Magtron International filed with the SEC today. The Form 8-K also describes the terms of the settlement agreement with the former executives of Pacific Magtron International. The plans of reorganization and the settlement agreement are attached as exhibits to the Report. The SEC's website is located at www.sec.gov.
Wayne Danson, president and CEO of Advanced Communications, said, "Although it has taken some time to resolve the Pacific Magtron matter, we believe we have reached a successful conclusion to reposition our Pacific Magtron International investment into an opportunity for our shareholders to benefit from the Herborium Group Inc. stock ownership, as all Advanced Communications shareholders as of the record date will be receiving shares of Herborium Group Inc. stock as a special share distribution. I am also pleased that this plan provides a recovery to the Pacific Magtron shareholders via an equity stake in Herborium Group Inc, which we believe is a dynamic growth oriented company. Danson added, "We expect the Herborium merger to be completed on or before September 11, 2006 and the Herborium Group Inc. stock distribution to both Advanced Communication and Pacific Magtron International shareholders to occur within 15 days thereafter."
Additional details of the special Herborium Group Inc. stock distribution to all shareholders of Advanced Communications and Pacific Magtron International will be announced in future company communications.
About Advanced Communications Technologies
Advanced Communications is a New York-based company specializing in the technology after-market service and supply chain, known as reverse logistics. Its principal operating unit, Encompass Group Affiliates, acquires businesses that provide computer and electronic repair services, and end-of-lifecycle and asset distribution services. Encompass owns Cyber-Test, an electronic equipment repair company that provides repair and reverse logistics services to third-party warranty companies that service OEMs, national retailers and national office equipment dealers. Cyber-Test's services include advance exchange, depot repair, call center support, parts and warranty management, repair of fax machines, printers, scanners, laptops, monitors and multi-function units, including PDAs and digital cameras. For more information, visit Cyber-Test's website at http://www.equipfix.com.
This release and oral statements made from time to time by Advanced Communications' and Pacific Magtron International's representatives concerning the same subject matter may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by introductory words such as "expects," "anticipate," "plans," "should," "believes," "will," or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Many factors may cause actual results to differ from forward-looking statements, including the ability of Pacific Magtron International to effectuate the plans and the ability of Pacific Magtron International and Herborium to consummate the merger, as well as inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. Known risks and uncertainties include those identified from time to time in the reports filed by Advanced Communications and Pacific Magtron International with the Securities and Exchange Commission, which should be considered together with any forward-looking statement. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements.
Source: Pacific Magtron International Corp.
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for Pacific Magtron International Corp. Wayne I. Danson 646-227-1600
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InforMedix Signs University of Pennsylvania as First Self-Insured Employer Customer; Penn is Largest Private Employer in Philadelphia, Second Largest in Pennsylvania
ROCKVILLE, Md.--(Business Wire)--Aug. 16, 2006--
Human Resources Department to Offer "Interactive Pillbox" to Deliver Comprehensive Program for Employees with Diabetes, High Blood Pressure and/or High Cholesterol
InforMedix Holdings, Inc. (OTCBB:IFMX) today announced plans to offer the Med-eMonitor System, developed and patented by InforMedix, to selected University of Pennsylvania (Penn) employees and retirees with chronic health care conditions known to cause high rates of stroke, heart disease, premature death, and reduced quality-of-life. Penn, the home of the nation's first medical school, the largest private employer in Philadelphia, and the second largest employer in the Commonwealth of Pennsylvania, will be using its Cardiovascular Disease Risk Factor Care (CDRF) Management Team to administer this first-in-the-nation employee benefit program. This comprehensive program is designed to significantly improve patient outcomes and reduce health care costs. This effort was led by Jack Heuer, Ed.D., Penn's Vice President for Human Resources and Leny Bader, Penn's Executive Director of Human Resources. According to Dr. Heuer, "Wellness and Disease Management is at the forefront of what we do in Human Resources at Penn. InforMedix offers a unique opportunity to blend technology with the expertise of Penn's medical professionals to enhance the care adherence and healthy lifestyles of our faculty and staff." In the first phase of the program announced today, 100 selected patients will receive The Med-eMonitor(TM) System, which includes an "interactive pillbox" device that goes home with the patient. This highly interactive device alerts the patient when it is time to take medications, instructs the patient how to adhere to all aspects of their particular plan of care, and delivers important educational information. The CDRF team will monitor patient data through a secure Internet site and alert patients and their healthcare professionals to early signs of poor compliance or declining health. Penn's CDRF Management Team previously conducted a program for Type II diabetics in Montana using InforMedix's Med-eMonitor System, whereby mean medication adherence rates improved to over 92% compared to a baseline medication adherence rate of 40%, and Hemoglobin A1c (HbA1c) levels were reduced by an average of 18.5% in a 3 month period (p less than .002). Reductions in HbA1c, hypertension, and cholesterol are associated with improved lifespan and morbidity and a significant reduction in healthcare costs in the treatment of Diabetes patients. Bonne Farberow, RN, CCRA, CCRP, Project Director, Division of Cardiology, the Hospital of the University of Pennsylvania, and team leader of the Cardiovascular Disease Risk Factor Care Management Group stated, "In the Montana Diabetes Program patients were successfully monitored remotely, which offered the increased capability of the healthcare professionals and patients to intervene with necessary medication or care plan changes on a daily or weekly basis, if needed. The Med-eMonitor System was well received by patients and the healthcare professionals participating in that Program. We look forward to the opportunity to improve health outcomes with our own faculty and staff here at the University of Pennsylvania." Dr. Bruce Kehr, Chairman and CEO of InforMedix commented "The University of Pennsylvania operates one of the most prestigious medical centers in the United States. For them to offer the Med-eMonitor as a patient benefit represents a significant milestone in our effort to roll-out this system nationwide. Major employers like Penn who self-insure are searching for ways to reduce health care costs without sacrificing the quality of care provided. What is exciting about the Med-eMonitor System is that by improving medication and care plan adherence, it not only improves patient outcomes but also reduces healthcare costs." Literature substantiates that reduced HbA1c levels of just 10% have been associated with a cost reduction of $10,800 per patient, and an increased life expectancy of one year. The annual combined drug and medical costs for the most compliant diabetes patients average $4,570, which is almost 50 percent below the $8,867 cost for the least compliant group. Proper medication adherence also reduces the risk of stroke by 31% to 51%, and the risk of heart attacks and death by 24%, in diabetic hypertensive patients with elevated cholesterol. Dr. Kehr said that the Med-eMonitor System "Consistently delivers medication and care plan adherence rates of over 90% in patients suffering from congestive heart failure, diabetes, and/or schizophrenia. We applaud the visionary innovation by Penn to be the first large employer to implement this program to enhance the benefit they offer to their employees, and believe that major employers around the country will be watching this exciting program." InforMedix has developed the Med-eMonitor System as The Medication Adherence Solution for disease management and clinical drug trials markets. InforMedix has integrated a portable patient-interactive monitoring device, hardware, software and networked communications system to enable disease management programs, pharmaceutical and biotechnology companies, and medical researchers to efficiently monitor and manage patients' medication compliance, protocol adherence, clinical response, and drug safety. Med-eMonitor is specifically designed to improve patient medication compliance and protocol adherence in disease management and clinical drug trials programs. The Med-eMonitor System leverages InforMedix's strong intellectual property consisting of 15 issued patents and 12 patents pending. InforMedix's patents have been cited as prior art by patent examiners in over 150 other issued patents. To find out more about InforMedix, Inc. (OTCBB:IFMX), visit our website at www.informedix.com.
This report 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 include "InforMedix offers a unique opportunity to blend technology with the expertise of Penn's medical professional to enhance the care adherence and healthy lifestyles of our faculty and staff." References made to the discussion of the risk factors are detailed in the Company's filings with the Securities and Exchange Commission, including our Annual Report on Form 10-KSB for the year ended December 31, 2005, and our other filings with the U.S. Securities and Exchange Commission. 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.
InforMedix Holdings, Inc. Corporate: Bruce A. Kehr, M.D., 301-984-1566 or Sales: Linda Oaster, 336-644-6499 or Financial Public Relations: Equity Communications Steve Chizzik/ Ira Weingarten 908-688-9111 or 805-897-1880
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NMXC (.075) Delivers Jal Digital Capture to Pacific Coast Medical Services; XR-EXpress Accessory Eases Input and Storage of Medical Images Aug 16, 2006 9:23:00 AM Copyright Business Wire 2006
New Mexico Software, Inc. (OTCBB:NMXC), http://www.nmxs.com, announced today that Pacific Coast Medical Services has deployed New Mexico Software's Jal Digital Capture, an affordable, high-quality solution for inputting medical images into XR-EXpress.
Carlos F. Salcedo, manager of Pacific Coast Medical Services, said, "Jal is an extraordinary tool that has increased productivity and efficiency in our company from day one. The results have been phenomenal. It is secure, user-friendly and cost effective. I highly recommend it to others in our industry."
Bruce Stabile, president of New Mexico Software's Health Care Division, said, "Medical films have to be converted to digital files in an affordable and timely way. Image quality is paramount since doctors must use these images to diagnose patients. Jal Digital Capture is the most cost-effective solution while maintaining a high level of image quality."
About Pacific Coast Medical Services
Pacific Coast Medical Services is a leading mobile imaging company in southern California. Established in 1989, the company performs mobile portable X-ray, mammography and ultrasound services to a wide range of clients and institutions. For more information, visit http://www.mobilemammo.com .
About New Mexico Software
New Mexico Software is a leading provider of information management solutions that significantly improve the interface between the paper world and the digital world, facilitating a true paperless environment. It is the only public company providing web-based integrated services for individuals and companies, large or small, which allows full access to data from anywhere in an easy-to-use, familiar browser environment at an affordable price. For more information, visit http://www.nmxc.net or http://www.nmxs.com, or contact Dick Govatski, president and CEO, at (505) 255-1999 or ceo*nmxs.com .
The foregoing press release contains forward-looking statements including statements regarding the company's expectation of its future business. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the company's control. Actual results could differ materially from these forward-looking statements.
Source: New Mexico Software, Inc.
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New Mexico Software Inc. Albuquerque Hawk Associates Frank Hawkins 305-451-1888 info*hawkassociates.com
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RHWC (.092) Letter to Shareholders, $10M (CDN) in Applications
Business Editors
TORONTO--(BUSINESS WIRE)--Aug. 16, 2006-- Boyd Soussana, President and CEO of Reliant Home Warranty Corp. (OTCBB:RHWC), announced the issuance of a letter to shareholders and nearly $10 million (CDN) in Applications: -0- *T
Dear Shareholders,
Let me begin by thanking you for your continued support of Reliant. The last few weeks have been an exciting time with the long anticipated launch of our residential mortgage operations. Although the launch was limited to a select group of Reliant Mortgage Lending Partners within the Centum Financial Group, the initial response has been tremendous as nearly $10 million (CDN) worth of mortgage applications were received within the first three weeks. In the coming months, we expect this success to grow exponentially as our mortgage operations expand to a larger number of Reliant Mortgage Lending Partners in the provinces of Ontario, New Brunswick, Nova Scotia, British Columbia, Saskatchewan, and Alberta.
Through the utilization of innovative and progressive mortgage solutions, Reliant is steadfastly committed to becoming a competitive force in the Canadian and, eventually, the American mortgage markets. Additionally, as the company continues to grow, Reliant management is cognizant of the need to increase shareholder value. Without a doubt, the past few months have been a trying time for many firms in the mortgage industry, including Reliant. We feel that the recent price and market value of our stock is not representative of the enterprise value for our current and future business prospects. As such, Reliant management members will take the proactive measure of personally purchasing shares of company stock on the open market. Such a move demonstrates management's commitment and their belief that Reliant stock is currently undervalued.
We will continue to be upfront with our shareholders and provide as much information as possible in a timely manner. This has been demonstrated by our recent press releases regarding mortgage activity updates. As our business grows, we will continue keeping our investors informed and knowledgeable of company operations. We know this is not a sprint, but a marathon, and we look forward to sharing our successes with those who stay in for the long haul.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. For a summary of such risks and uncertainties, see the Company's periodic reports and other filings with the Securities and Exchange Commission.
KEYWORD: NORTH AMERICA CANADA INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE SOURCE: Reliant Home Warranty Corp.
CONTACT INFORMATION: Reliant Home Mortgage Canada Inc. Investor Contact: Steve Hamilton, 416-445-9500 shamilton*relianthomemortgage.com
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BCLC (.026)Announces E911 Service Agreement Aug 15, 2006 7:06:00 PM Copyright Business Wire 2006
GRAND JUNCTION, Colo.--(BUSINESS WIRE)--Aug. 15, 2006--
Bicoastal Communications Inc. (Pink Sheets: BCLC) announces it has reached an agreement with Dialpoint Voice Service Inc. of Nevada to provide E911 services for its National VoIP (Voice over Internet Protocol) rollout through Callingpoint Communications.
This will give Bicoastal the ability to provide E911 services to all of the lower 48 states via VoIP as required by the FCC. Upon successful testing of the system, Bicoastal will be in position to start offering Residential and Business VoIP services through its Callingpoint Communications unit within the next two weeks.
About Bicoastal Communications
Bicoastal Communications Inc. is positioned to make substantial growth in the coming years. The company strategy is to deploy into non-primary cities with population centers of less than one million people. Unlike the major metropolitan areas of the country, these cities have not seen the benefit of competitive product offerings. Bicoastal intends to address these deficiencies by encompassing its IP services, Traditional and VoIP Telephone services and Television (IPTV) services, securing revenues with the much-touted triple play. The strategic partnerships developed have already made it possible for Bicoastal to gain direct access to 25,000 fiber-connected homes throughout the United States. For more information about Bicoastal Communications Inc., please go to www.bicoastalinc.com.
Safe Harbor Statement
The statements made in this press release, which are not historical facts, contain forward-looking statements concerning potential developments affecting the business, prospects, financial conditions and other aspects of the company to which this release pertains. The actual results of the specific items described in the 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.
Source: Bicoastal Communications Inc.
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Bicoastal Communications Inc. George Carter 970-257-9045 george*bicoastalinc.com
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IHDR (.10)Announces $60,000 First Two Unit Sale of Low Impact Hydro Units Aug 16, 2006 10:00:00 AM 2006 PrimeZone Media Network
TAMPA, Fla., Aug. 16, 2006 (PRIMEZONE) -- Internal Hydro International Inc. (OTCBB:IHDR) (www.InternalHydro.com) announces the first unit sales for two units of the 30 Kilowatt Energy Commander low impact hydro units for a purchase price of $60,000. The units will be delivered within 180 days under the contract terms, which includes pre-payment of one third the purchase price on immediate terms. Both units are contracted for primary purchase by Kingswell Financial, LLC, of Maryland for use in residential developments in Ghana under limited use terms.
"While we know the grid placement of units will be appreciably larger revenue-wise, this is the first of many expected announcements of unit sales to non-grid countries and circumstances, where we simply would not have appreciated the normal revenue flows as we have in an electrical grid situation with renewable energy credits, tax credits and a stable grid environment," stated Craig A. Huffman, CEO and President of IHDR. "Our business plan in North America and Europe will differ from those areas in the third world like this, where we can still get a very good return on our production cost, as we are doing here, while still providing consistent and reliable electricity to underdeveloped areas, and bring an appreciable revenue stream to the Company," Huffman continued.
This first announced sale by IHDR of the renewable energy units is being made to a non-grid situation where sales will be more efficient than the units remaining as assets with the Company and revenue being filtered through the Company. Each unit, although sold, will carry an IHDR mandatory repurchase right on a steep sliding scale over time. The units will carry limited warranties for replacement parts and the normal satellite transmission systems for operation to IHDR. Other unit purchase announcements for similar circumstances are expected as the final production phase development is completed.
The current EC system set for delivery utilizes a dual cycle 12 cylinder rotary system for a low volume water flow, to produce energy in an efficient manner using positive displacement inside of cylinders, instead of traditional turbines. The first ever patented technology which uses positive displacement of fluids for electrical generation, the Energy Commander system is being fielded in Mobile, Alabama for first use and supplying of electricity in an industrial setting. Under IHDR's normal business model in North America and Europe, the units will be kept as IHDR assets and the revenue stream of electricity value, tax credits, and renewable energy credits will be received by the Company.
About Internal Hydro:
Internal Hydro International, Inc. is an alternative energy company that developed a clean energy power system, the Energy Commander Systems, that utilizes a patented technology, using waste water, fluid or gas flow from any source where flow pressure is present, and yet wasted, to create electricity. Internal Hydro has grown into a multi national enterprise with international contracts spanning over three continents. Internal Hydro is well positioned to gain major market share and dominate the niche of hydro energy in the fragmented alternative energy marketplace. For more information, please visit the Company's Web site at www.InternalHydro.com .
Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
CONTACT: C. Jones Consulting Ezra Smith, Vice President (727) 736-5437 ezra*cjonesconsulting.com
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MFYS (.10)First Mobile Device Units Delivered Aug 16, 2006 10:14:00 AM
STAFFORD, ENGLAND -- (MARKET WIRE) -- 08/16/06 -- Medify Solutions Limited (PINK SHEETS: MFYS) confirmed today that MedifyRemote mobile devices for NHS customers have been delivered to the first GP Surgery in Doncaster. This is the beginning of the delivery of MedifyRemote to the NHS.
So far, 20 units have been ordered and delivered for the first GP site out of the scheduled 2500.
What does this mean?
This first GP surgery is not only the first NHS surgery but also the first EMIS surgery and marks the beginning of the roll out. In simple terms the first allocation will mean in published revenue projections:
20 x $85 x 12 equals $20,400 (for ONE site, 20 MedifyRemote units at $85 per unit per month for 12 months).
There are approximately 500 000 healthcare professionals in the NHS.
Therefore in real terms the announcement means the start of 500 000 x $85 x 12 annual projected revenue in delivery equals $510m annually. However, assuming only a 10% uptake in year one this equates to $51m annually.
MedifyRemote is the ideal solution for healthcare professionals to help them provide better, more efficient, and more informed quality care to patients. Whether it's in a patient's home, at a hospital bedside, consulting room or ambulance, vital access to patient records is now instant, secure and highly efficient. The system allows for 'real time' access and hence updates and records can be produced automatically. MedifyRemote offers significant advantages in terms of efficiency and clinical governance as proven within the UK NHS and is non platform specific.
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Medify Solutions Limited, see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events
Power Technology Begins Manufacturing in New Pilot Plant
Wednesday August 16, 10:10 am ET
HOUSTON--(BUSINESS WIRE)--Aug. 16, 2006--Alternative energy company Power Technology, Inc. (OTCBB:PWTC - News) announced today that it had begun the manufacturing of its patented current collectors in its new pilot plant. The plant has successfully manufactured reticulated vitreous carbon onto which a custom designed plating system applies a lead tin alloy to create patented current collectors for use in the company's advanced batteries.
Bernard J. Walter, President and CEO of the Company commented, "Power Technology now has demonstrated its ability to manufacture the key component of its product. We are excited about this significant step toward the commercialization of our unique patented battery technology."
About Power Technology: Power Technology, Inc. is a Research and Development Company engaged in activities regarding alternative battery technology using materials with up to 50% less weight and significantly less lead content than conventional batteries.
Please visit our website at www.PWTCBATTERY.com for more information or call the company directly at 713-621-4310.
All forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Power Technology, Inc. (PWTC) may differ materially from these statements due to a number of factors. PWTC assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
Contact:
Power Technology, Inc. Bernard J. Walter, 713-621-4310
Source: Power Technology, Inc.
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FCCN (.0095) GAMN Acquires Kokopelli Franchise Company Aug 16, 2006 10:30:00 AM 2006 PrimeZone Media Network
DALLAS, Aug. 16, 2006 (PRIMEZONE) -- The Great American Food Chain, Inc. (Pink Sheets:GAMN), a restaurant holding company and concept developer, announced today that it has completed the acquisition of 90% interest in the Kokopelli Franchise Company, LLC, owner of Kokopelli Fresh Mexican Grill concept, from Franchise Capital Corporation (Pink Sheets:FCCN), in exchange for 720,629 of common stock in GAMN. Under terms of the agreement, all shareholders of record of FCCN stock as of August 31, 2006 will receive a dividend of 1 share of restricted common stock in GAMN for every 100 shares held in common stock of FCCN.
GAMN's CEO Edward Sigmond was quoted as saying, "We are very excited about the opportunity this acquisition gives The Great American Food Chain, Inc. We believe the Kokopelli Fresh Mexican Grill concept will be a major competitor in the quick service Mexican food market. An additional restaurant is scheduled to open in Livonia, a suburb of Detroit, Michigan, in September this year. Other locations are scheduled to open in Phoenix, AZ; Portland, OR; Reno, NV; Riverside, CA; Jacksonville, FL; and Charlotte, NC by the 4th quarter this year. Kokopelli Franchise Company is poised for expansion with over 70 franchises having been sold to date. By design, The Great American Food Chain has been conservative in its undertakings to date. This acquisition adds a tremendous concept to our portfolio and provides us with a presence in a vast number of markets."
About The Great American Food Chain, Inc.
The Great American Food Chain, Inc. is a restaurant holding company specializing in the development and expansion of proven independent restaurant concepts into multi-unit locations through corporate owned stores, licensing, and franchising opportunities. The Great American Food Chain currently owns two concepts, Kokopelli Fresh Mexican Grill, and Spikes Boneyard Grill, and is finalizing a licensing agreement with a third concept. GAMN is located in Dallas, Texas. For more information about The Great American Food Chain, see http://www.thegreatamericanfoodchain.com. Information on our website is not part of this press release.
Forward-Looking Statements
Any statements in this press release about The Great American Food Chain's expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the "Act"). These statements are often, but not always, made through the use of words or phrases such as "believe," "will," "expect," "anticipate," "estimate," "intend," "plan," "forecast," "could," and "would." There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: limited operating history, need for future capital, risks inherent in the development and commercialization of restaurant concepts, protection of the Company's intellectual property, and economic conditions generally. Additional information on potential factors that could affect results and other risks and uncertainties are detailed from time to time in the Company's periodic reports. The Great American Food Chain claims the protection of the safe harbor for forward-looking statements under the Act and assumes no obligation and expressly disclaims any duty to update any forward-looking statement to reflect events or circumstances after the date of this news release or to reflect the occurrence of subsequent events.
CONTACT: The Great American Food Chain, Inc. Edward Sigmond (214) 880-0446 Esigmond*gamnfc.com
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SEHO (.24) Receives Multiple Orders From U.S. Army for Advanced Biometric Homeland Security Product Line; Company's Proprietary ISO-TRACK Biometric ID Technology Addresses Key Military and Homeland Security Demands Aug 16, 2006 11:40:00 AM Copyright Business Wire 2006
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 16, 2006--
Sense Holdings, Inc. (OTCBB:SEHO) (FWB:OUP), a developer of next-generation biometric and explosive detection security technologies for government and commercial security markets, announces that it has received multiple new orders from the United States Army for its proprietary biometric identification solution ISO-TRACK(TM).
Sense's ISO-TRACK security solution was purchased by the U.S. Army to strengthen security at a military facility based in Fort Carson, Colorado. The order was comprised of seven complete systems for identifying military personnel and additional security measures.
"We designed ISO-TRACK to assist all branches of the defense and Homeland Security industry by streamlining and automating what has always been a labor intensive process," said Dore Perler, Chief Executive Officer of Sense Holdings. "We expect to continue working closely with the U.S. Army and other government agencies to provide the cutting-edge technology they need to secure valuable assets in these times of conflict."
Sense has combined its DTU-100, a biometric fingerprint reader, signature recognition pad, USB digital camera, and the company's custom ISO-TRACK software. The ISO-TRACK technology will replace current hand-written registration procedures, incorporating the Company's proprietary ISOPREP 1833 software with state-of-the-art digital fingerprint imaging devices, digital photography and signature analysis tablets.
The complete system provides precise electronic captures made of this vital biometric information, while speeding up the registration process and creating more trustworthy data analysis. In addition, Sense's proprietary technology uses filed validations, look-up tables, drop down boxes and intelli-sense look ahead menus to provide one of the most advanced biometric devices available in the market.
Sense's other homeland security product initiatives include its work with Oak Ridge National Laboratory (ORNL), a division of the U.S. Department of Energy, to develop and optimize a complete line of advanced handheld detectors for explosives and other dangerous threats applying the Company's proprietary Micro Electro-Mechanical Systems (MEMS) technology. These devices are being designed to provide airports, homeland security agencies, corporate America and other customers with superior detection of TNT, PETN, RDX and a wide array of other explosives and/or dangerous substances at a fraction of current costs.
SENSE is the sole commercialization partner with exclusive rights acquired from ORNL for the manufacture, sale and distribution of MEMS-based handheld devices. The technology to date has been funded by several government agencies, such as the Department of Energy (DOE); Department of Alcohol, Tobacco, and Firearms (ATF); Federal Aviation Administration (FAA); Transportation Security Administration (TSA), and others.
Sense created the turnkey solution for the U.S. military under a long-term contract and is currently marketing its ISO-TRACK authentication solution, and its MEMS-based line of detection products to other U.S. government agencies throughout out the United States and globally.
About SENSE Holdings, Inc.
SENSE Holdings is a developer of next-generation biometric identification systems, and nanotechnology-based micro-sensor technologies for government, military and commercial security marketplaces. The Company's wholly owned subsidiary, SENSE Technologies, deploys proprietary biometric technology based on advanced fingerprint technology and biometric integration to create a range of solutions for prisoner identification, time and attendance, access control applications and other markets. SENSE's major customers include the U.S. Army, the U.S. Department of Corrections, American Airlines and others. A second wholly owned subsidiary, MSTI, is an emerging nanotechnology-based explosives detection technology development division developing a pipeline of advanced bomb detection technologies, including a prototype handheld explosive detection wand device for homeland security applications in airports and other security checkpoints. This handheld detection alternative is designed to be a cost-effective solution with extremely high detection sensitivity and real-time operability. Currently, a proof-of-principle prototype is undergoing further research and development at the U.S. Oak Ridge National Laboratory. For investor-specific information about SENSE Holdings, including recent share price data and news announcements, please visit http://www.trilogy-capital.com/tcp/sense. To view or download an Investor Fact Sheet about the Company, please visit http://www.trilogy-capital.com/tcp/sense/factsheet.html. SENSE is also listed on the Frankfurt Stock Exchange under the ticker symbol, OUP. For other information, please visit http://www.senseme.com.
Cautionary Statement
This presentation includes statements that may constitute "forward- looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, the ability of the Company to develop effective new products and receive governmental approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's filings with the U.S. Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Source: Sense Holdings, Inc.
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Sense Holdings Inc. Fort Lauderdale Dore Perler 954-726-1422 x101 dore*senseme.com or Investor Relations: Trilogy Capital Partners Paul Karon 800-592-6067 paul*trilogy-capital.com
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PLKC (.0027)July Revenues Increase 235 Percent Over Same Period Last Year Aug 16, 2006 11:53:00 AM 2006 PrimeZone Media Network
CUMMING, Ga., Aug. 16, 2006 (PRIMEZONE) -- PlanetLink Communications Inc. (OTCBB:PLKC), a provider of GPS satellite-based products and services, announced today that the Company reported an increase of 235% in revenues during July over the same period last year.
Revenues for July 2006 were approximately $43,110, a 235% increase over revenues of approximately $12,858 for July 2005. YTD revenues through the end of July 2006 were approximately $190,000, an increase of 73% over revenues of approximately $110,000 for the YTD revenues through the end of July 2005.
To receive future news releases from PlanetLink Communications, Inc. please email your name, address, contact information and email address to investor*planettraks.com.
About PlanetLink Communications, Inc.
PlanetLink Communications, Inc. recently launched its TransTRAK product through its wholly owned subsidiary, PlanetTRAKS. The Company is developing a family of GPS-enabled products and services under the PlanetTRAKS name. TransTRAK is the first of these products and is the Company's turnkey solution for real-time, mobile asset management. From tracking vehicle speed and location in real-time to controlling vehicle functions through remote access, TransTRAK allows the customer to actively monitor and manage virtually any type of mobile asset. For more information on PlanetLink, please visit the company's Website at: http://www.planettraks.com
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis" or "Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request.
CONTACT: PlanetLink Communications, Inc. Dewey Bain, President (210) 442-2404 www.planettraks.com
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Innova Holdings, Provider of Robotics Solutions for Military, Space and Homeland Security, Joins *********************.com Wednesday August 16, 12:01 pm ET
Innovative Technology Improves the Functionality and Viability of Unmanned Robotic Vehicles for Military, Government, Homeland Security, First Responders, Law Enforcement, and Civilian Markets
POINT ROBERTS, WA and DELTA, BC--(MARKET WIRE)--Aug 16, 2006 -- www.*********************.com (HDS) and www.BorderandPortSecurity.com (BPS), global investor and industry news portals for the homeland defense and security sector, announces Innova Holdings, Inc. (OTC BB:IVHG.OB - News) as a new featured company. Innova Holdings has a deep robotics technology portfolio that has enabled them, through their subsidiaries, to target a variety of segments within the security arena to include the military, homeland security as well as the first responder and law enforcement markets such as fire, police and sheriffs' departments.
The use of robotics for homeland security and defense continues to grow as innovative technology has improved the functionality and viability of Unmanned Robotic Vehicles (URV) for search and rescue efforts, surveillance, explosives countermeasures and fire detection, etc. Recent validation for the Company's products and focus was realized through the acceptance, by former United States Attorney General John Ashcroft, to become Chairman of the Company's Board of Advisors. In addition, Innova Holdings has retained The Ashcroft Group, LLC to assist in building strategic relationships within the military, homeland security, first responder markets as well as the intelligence community.
Innova Holdings, through its subsidiaries Innova Robotics, Robotic Workspace Technologies and Coroware, continues to develop technology and applications for unmanned vehicles that utilize robotic devices to improve functionality. Robotic Workspace Technologies (RWT(TM)) recently launched its third generation, high-performance open architecture PC robotic control system. The Universal Robot Controller 3(TM) (URC3(TM)) handles physical/robot control over the operations of the robotic device and has web-enabled communication capability and Ethernet connectivity that permits remote diagnostics and monitoring, data collection and distribution. Innova Holdings has been awarded three pioneer patents by the USPTO for its control technology. In addition, Innova Holdings recently announced a multiple unit order for the URC3(TM) from a custom fabricator of parts for the trucking industry.
RWT has also developed control system software called RobotScript®, a universal robot programming language based on Microsoft's .NET Framework that provides a natural language programming environment that is intuitive, and easy to use, according to the Company.
Innova Holding's Coroware subsidiary is a robotics integrator that develops mobile service robotics and Web-service application framework solutions in cooperation with Microsoft Corp. Innova Holdings plans to expand its ability to deliver robotic solutions, addressing the growing need for mobile service automated systems, by integrating Innova Holdings' robotics arm and patented controller systems with CoroWare's software development, systems integration and robotics testing capabilities.
Innova Robotics, an Innova Holdings company, has the exclusive worldwide rights to market and sell a full line of Mesa Robotics unmanned ground vehicles in all markets. Mesa's unmanned robotic ground vehicles Matilda and Marv, recently participated and performed well according to the Company, in the Response Robot Evaluation Exercise conducted by The National Institute of Standards and Technology (NIST).
In addition, key strategic development relationships with Embry Riddle Aeronautical University (ERAU) and the University of South Florida (USF) have been established, which the Company plans to capitalize upon to further accelerate and develop the use of Unmanned Robotic Vehicles in military and commercial applications.
www.*********************.com and www.BorderandPortSecurity.com, portals within the ***************** content umbrella, do not make recommendations, but offer unique free information portals to research news, articles, ****s, interviews and a growing list of participating public companies in the security industry.
Homeland Defense and Security Portals Sponsor: (HDS is compensated by Innova Holdings as disclosed in disclaimer)
*********************.com (HDS) provides a variety of global defense and security content through: The Defense Market Report, by James H. Smith, Homeland Defense Business Correspondent for MSNBC, CNN and the BBC; The Spade Defense Index with Scott Sacknoff, Mallon's Security Report by Mallon Associates and the HDS **** all available at: http://www.*********************.com.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/or the company and/or IR firm and is not the opinion of our web sites. The site is currently compensated by its "featured companies." Innova Holdings (OTC BB:IVHG.OB - News) Five thousand dollars per month, plus a one-time $5000 equivalent in 144 shares. www.*****************/About/Disclaimer.asp
Contact: For more information contact:
Dawn Van Zant 800.665.0411 Email Contact
-------------------- The difference between genius and stupidity is that genius has its limits
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LOS ANGELES, CALIFORNIA -- (MARKET WIRE) -- 08/16/06 -- Matrixx Resource Holdings, Inc. (OTCBB: MXXR), announced today that we have reached target depth on the Buck Snag Field Prospect.
Matrixx has been informed by the operator that drilling of the first well has reached its target depth of 4,400 feet. The No 1. Schurring well will be logged, and the results will be furnished upon completion of the report.
The well is located on the Buck Snag interest covering 280 acres of land in Colorado County, Texas. Shallow development wells will be drilled on the property and completed to produce by-passed and attic gas reserves. Subsequent well locations and depths will be keyed off the geology of the first well.
While global political turmoil continues to keep oil prices near $75 per barrel and some recent analysts' reports predict that oil could reach as high as $100 a barrel in the near future, the Company is moving forward in its efforts to acquiring additional growth and investment opportunities in this natural resource sector with the intent of providing the Company and its shareholders a much-improved increase in shareholder value. The Company is focused on increasing value by means on continuing acquisitions, development projects and exploration drilling through joint venture networks.
Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan", "confident that", "believe", "scheduled", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Matrixx to complete the proposed acquisition(s), the results of Matrixx's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Matrixx to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Contacts: Matrixx Resource Holdings, Inc. Catherine Thompson Media & Investor Relations (310) 456-3199 (310) 456-1778 (FAX) ir*mrhi.net www.mrhi.net
-------------------- The difference between genius and stupidity is that genius has its limits
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Unico, Inc. Announces Initial Agreement on Joint Venture for Silver Bell Mine Wednesday August 16, 12:24 pm ET
SAN DIEGO, CA--(MARKET WIRE)--Aug 16, 2006 -- Unico, Incorporated (OTC BB:UCOI.OB - News), a natural resource company in the precious metals mining sector, today announced that it has reached an initial agreement for a joint venture with the Polymet Company, LLC for mining at the Silver Bell Mine, held by Unico's wholly-owned subsidiary, Silver Bell Mining Company, Inc. A subsequent definitive agreement, which will finalize the details of the joint venture, is expected to be signed by August 31, 2006.
ADVERTISEMENT Under terms of the letter of intent, Polymet will be responsible for all mining activity and bear all mining expenses. Polymet will also conduct certain resource definition and exploration work designed to identify other ore bodies and further develop the value of the property. Polymet will also pay lease payments to the Silver Bell Mining Company, as agreed upon by the parties. The agreement covers all 17 mining claims owned by Silver Bell Mining Company and which comprise the property commonly known as the Silver Bell Mine.
Unico subsidiary, Deer Trail Mining Company, LLC, which is completing reconstruction of an on-site mill and processing facility, will be responsible to mill the ore into concentrates. All of the ore mined pursuant to the joint venture arrangement and milled into concentrates shall be sold to Polymet subsidiary, PGM, LLC, which previously entered into an agreement to purchase concentrates from the Deer Trail Mine.
"We are pleased to extend our relationship with the Polymet Company and its subsidiary, PGM, LLC to include a joint venture for the Silver Bell Mine," said Unico chief executive officer Mark A. Lopez. "As we have repeatedly stated when discussing the long-term plan to build value for Unico stockholders, there are a number of initiatives that the company expects to undertake to develop and grow revenues streams, and a mining program at the Silver Bell is one of these."
"A joint venture was judged to be an excellent method to initiate mining activity at the Silver Bell, while Unico concurrently supports the development of processing capabilities at the Deer Trail mill facility and continues to oversee the geological and analytic process from the Phase II exploratory drilling program conducted at the Deer Trail Mine in 2005," said Mr. Lopez.
"All of this activity was made possible through the ongoing support of our shareholders, who approved the restructuring plan, allowing Unico to undertake many of these activities. We look forward to the continued progress at the Deer Trail Mine, as well as the initiation of mining at the Silver Bell, and we will keep shareholders updated on these operations as they develop," added Mr. Lopez.
The Silver Bell Mine was discovered in 1871 and in 1880 there was recorded production of 120 tons of 100 ounce per ton silver from the mine. Production at the Silver Bell has been was sporadic, including long periods of inactivity. In 1978, the mine was re-opened and was expanded with three inclines on the main vein. The mine changed hands again in 1980 and was developed further. Pre-feasibility and confirmation work conducted under different ownership in the mid-1990s led to plans for a three-phase drilling program at the Silver Bell mine.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at www.uncn.com/IR/mailinglist.asp.
About Unico, Inc.
Unico, Inc. (OTC BB:UCOI.OB - News) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. For more information, please visit www.uncn.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
Contact:
Contacts: Gemini Financial Communications for Unico, Inc. A. Beyer 951-587-8072 Email Contact http://www.uncn.com
posted
CDGT (.92)Revenue Increases 241% Leading to 60% Increase in Pre-Tax Earnings Aug 16, 2006 12:26:00 PM
HONG KONG, Aug. 16 /Xinhua-PRNewswire-FirstCall/ -- China Digital Media Corporation (OTC Bulletin Board: CDGT), a leading provider of cable and digital television services, advertising services and content in China, announced today record quarterly revenue for its second quarter ended June 30, 2006.
Financial Highlights for the Three Months Ended June 30, 2006 Compared to the Three Months Ended June 30, 2005:
-- Revenues increased 241% to $4,470,600 from $1,310,800 -- Earnings before depreciation and taxes increased 81% to $1,808,400 from $997,000 -- Net income increased 11% to $786,000 from $$705,700
Financial Highlights for the Six Months Ended June 30, 2006 Compared to the Six Months Ended June 30, 2005:
-- Revenues increased 254% to $8,167,300 from $2,304,300 -- Earnings before depreciation and taxes increased 78% to $3,017,400 from $1,697,800 -- Net income increased 8% to $1,230,600 from $1,143,500
The strong revenue growth in the 2006 second quarter compared to the same period in 2005 was primarily due to the increase in number of digital TV subscribers in the DTV operations in Nanhai, and additional contributions from advertising agency business and channel management of joint ventures operations in Guizhou. The Company also experienced an improvement in gross profit margin to 55% from 48% as compared to the first quarter of 2006.
Of the revenue increase, $3.7 million was earned from the television advertising business which was not present during the comparable first half year in 2005, helping growth in the DTV operations in Nanhai increase about 84% compared to the same period of 2005.
"We are delighted with our strong results in the second quarter. Our DTV operations in Nanhai and our advertising agency business has generated substantial growth for the Company," said Daniel Ng, Chairman and CEO of China Digital Media Corporation. "Despite having a substantially higher corporate tax rate, due to the strength in our operations, we were still able to increase net income by 11%. We anticipate that synergies from the combination of channel management and advertising agency business will drive our growth for many years to come."
To be added to China Digital Media's investor e-mail list, please send e-mail to our Investors Relations at ir*chinadigimedia.com.
About China Digital Media Corporation
China Digital Media Corporation focuses its business in three main areas: Cable TV Operations, Programs Production and Advertising Sales. Arcotect Technology (GZ) Limited, a wholly owned subsidiary of CDGT in China, is the sole contractor and operator of digital television services in Nanhai, a city with 410,000 cable TV subscribers. As of today, Nanhai's cable television operation provides 148 television channels which comprises of 48 basic channels and 100 pay channels. The pay channels are categorized into various value added packages.
Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. Forward-looking information in this release includes, without limitation, the future success of the Company's advertising business and of the Company's joint ventures, the Company's ability to grow and generate new sources of revenues from its IP STB in the future and its ability to keep its IP STB technologically current. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.
For more information, please contact:
China Digital Media Corporation Investor Relations Tel: +852-2390-8600
or
Daniel Schustack of CEOcast, Inc. Tel: +1-212-732-4300
SOURCE China Digital Media Corporation
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China Digital Media Corporation Investor Relations +852-2390-8600; or Daniel Schustack of CEOcast Inc. +1-212-732-4300
-------------------- The difference between genius and stupidity is that genius has its limits
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