posted
IDTA (.0075) Begins Marketing Five New Explosive Detection Products - Updates Website to Include Product Details
JERUSALEM, Israel, August 22 /PRNewswire-FirstCall/ -- IDenta Corp. (OTC Pink Sheets: IDTA) announced today that it has started marketing and shipping its new explosive detection kits. Sample detection kits have begun being shipped to representatives in a number of countries including France, Hungary, China, and the United States. IDenta has also updated its website, http://www.identa.biz, to include photographs of the five new detectors along with explanations of the product features.
"We believe we have brought our explosive detection products into the market at precisely the right time to help law enforcement agencies around the world fight the battle to keep our cities and transportation systems safe," declared IDenta CEO Yaacov Shoham. IDenta's new detectors are able to detect the full range of the well-known types of military, commercial and the homemade explosives including: TNT/PETN, RDX/NITRATE, UREA NITRATE, AMMONIUM NITRATE, TATP/HMTD, and CHLORATE/BROMATE.
TATP, Ammonium Nitrate, and UREA NITRATE are particularly extremely dangerous compounds which have caused massive destruction of property, and loss of life in the hands of terrorist organizations. Recently three tons of Ammonium Nitrate were captured in Canada which were expected to be used by terrorists from Al-Qaida. Triacetone Triperoxide or TATP, also known as "Mother of Satan", has been named as the explosive used in the 2005 London Bombings, is used in the majority of suicide bombings in the Middle East, and was included as the trigger in the shoe bomb that was found on the December 2001 flight from Paris to Miami.
Also a first in the industry, IDenta has developed an innovative detector which can detect whether a substance is Cocaine/Crack or the white powder of TATP. The sampling device is like the company's other products very safe and easy to use, and has an extremely high reliability rate for showing No False Positives.
ABOUT IDENTA
Since 2003, IDenta Corporation has become recognized as a world-wide leader in the development of proprietary on-site drug detection kits and more recently explosive detection kits. IDenta develops, manufactures and distributes products for the both professional and civil markets which consistently pass the highest qualifications and testing procedures of law enforcement and security agencies around the world. The company has corporate representatives in 20 countries including 15 companies in the US, and 4 companies in Great Britain. Information concerning IDenta's business plan and product line, may be found at http://www.identa.biz and http://www.drugsdetector.com.
For Investor Relations, lobbying interests or information concerning IDenta's products internationally contact: Yaacov Shoham, IDenta Corp., CEO
Tel: +972-52-6554487, +972-8-9716874
Fax: +972-8-9716875
fpi*drugsdetector.com
For Investor Relations and information concerning U.S. product representation please contact: Randy Jacobs, US Corporate Spokesman
IDentaNews*sitcomllc.com
+1-800-316-9437
IDenta Corp. USA address:
530 Stephenson Avenue
Savannah, Georgia 31405
Tel: +1-912-652-4818
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements" that are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
SOURCE Identa Corp
Contact Information: For Investor Relations, lobbying interests or information concerning IDenta's products internationally contact: Yaacov Shoham, IDenta Corp., CEO, Tel: +972-52-6554487, +972-8-9716874, Fax: +972-8-9716875, fpi*drugsdetector.com. For Investor Relations and information concerning U.S. product representation please contact: Randy Jacobs, US Corporate Spokesman, IDentaNews*sitcomllc.com, +1-800-316-9437. IDenta Corp. USA address: 530 Stephenson Avenue, Savannah, Georgia 31405, Tel: +1-912-652-4818
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
ETLT (.45) Reports Earnings for the Three and Six Months Ended June 30, 2006 Business Editors / Biotech Writers
HOUSTON--(BUSINESS WIRE)--Aug. 22, 2006-- Eternal Technologies Group, Inc. (OTCBB:ETLT) reported net income of $1,658,700 on sales of $10,370,137 for the three months ended June 30, 2006 or $.04 per share. This compares with net income of $1,875,575 on sales of $10,123,668 for the three months ended June 30, 2005 or $.06 per share. For the six months ended June 30, 2006 the company earned $2,199,499 on sales of $14,586,496 or $.05 per share. This compares with earnings of $1,829,860 on sales of $12,232,415 or $.06 per share for the six months ended June 30, 2005. Total assets for the company as of June 30, 2006 increased to $52,665,700 from $49,592,744 as of December 31, 2005 and shareholders equity increased to $50,909,618 as of June 30, 2006 from $47,639,463 as of December 31, 2005.
Cash and cash equivalents now equal more than $.91 per issued and outstanding shares. Revenues for the six months ended June 30, 2006 increased by $2,354,081 or 19.2% to $14,586,496 from $12,232,415 for the corresponding period of the prior year. This increase is primarily attributable to the addition of E-Sea, which generated revenues of $2,064,168.
Cost of sales for the six months ended June 30, 2006 increased by $1,346,484 or 14.9% to $10,384,268 from $8,037,784 for the corresponding period of the prior year. This increase resulted from the addition of E-Sea, which had cost of sales of $787,612, and from changes in the sales mix of cattle embryo transfers, sheep embryo transfers and sales of roll mutton.
Depreciation and amortization expenses increased by $150,651 or 39.6% to $530,986 from $380,335 for the corresponding period of the prior year. This increase is attributable to the acquisition of E-Sea.
Selling and administrative expenses increased by $405,643 or 44% to $1,314,530 from $963,648 for the corresponding period of the prior year. This increase resulted primarily from an increase in professional fees, but also included an increase in salaries related to board approved changes in employees salaries and an increase in public relation fees.
For the six months ended June 30, 2005 the company experienced a decrease in other income of $60,172. This resulted from a decrease in interest expense of $54,761 for the six-month period ended June 30, 2006 due to debt conversions.
The Company provided taxes on its income from the E-Sea operations of $142,126 for the six-month period ended June 30, 2006. E-Sea was not part of the affiliated group during the corresponding period of the prior year.
As a result of the foregoing, the Company had net income of $2,199,499 or $.06 per share for the six months ended June 30, 2006 compared to net income of $1,829,860 or $.06 per share for the corresponding period of the prior year.
About Eternal Technologies
Eternal is a major agricultural genetics and biopharmaceutical R&D firm operating in China with the support of the Chinese Government. Eternal's animal breeding division has a strong asset base, cash position and net income. Eternal has become one of China's leading institutions for biopharmaceutical and biotech research, pure breed cultivation and breed stock production. The Company has secured a key market niche by commercializing gene engineering technologies and providing superior breeding stock, allowing China's citizens the ability to improve their living standards. With the world's largest population, a double-digit national growth rate and entry into the WTO, Eternal Technologies has a playing field set for tremendous opportunity. As a prominent player in the agricultural genetics industry, cash in the bank and an untapped market, Eternal has the potential to become a major player in China's national growth.
KEYWORD: ASIA PACIFIC NORTH AMERICA TEXAS UNITED STATES CHINA INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY GENETICS PHARMACEUTICAL RESEARCH & SCIENCE NATURAL RESOURCES AGRICULTURE EARNINGS SOURCE: Eternal Technologies Group, Inc.
CONTACT INFORMATION: Heron Public Relations Group Inc. William Cai, 281-683-2395 info*heronpublic.com
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
QTCE (.0016) Initiates Development of New Website Encoding Software >LONDON, Aug. 22, 2006 (PRIMEZONE) -- Quantech Electronics Corp. (Pink Sheets:QTCE), software developer for marketing communications, announced today that Quantech has commenced development on a new software program that will allow Quantech clients to encode their websites and gain immediate benefits of behavioral profiling.
Quantech's new website encoding program will allow search engines to finally fold behavioral profiling into their results. Quantech's new software will also add pixel tracking to its clients' advertising landing pages, to allow clients to track returning visitors through sites they have targeted.
"Today, we still lose about 95 percent, on average, of the people who click into our clients' Web sites. These are visitors who leave without ultimately buying a product or taking some action that is recorded," explains Liat Matilsky, CEO of Quantech. "However, with our new encoding software, we will have an opportunity to understand each specific visitor and follow his behavior patterns in the WWW. This allows us to remarket to this customer at some point in the future, with a much more targeted message that is customized to his habits, needs and wants."
About Quantech
Quantech Electronics Corp. is a web-based software development company based in the UK that offers development services focusing on web-based desktop communication tools, call center support tools, and development packages designed to enhance the effectiveness of web-based advertising and instant messaging. Quantech Electronics Corp. develops powerful, easy-to-use software that enhances the effectiveness and efficiency of its customers' online and offline businesses. Driven to provide comprehensive solution packages for their clients' entire online business needs, Quantech focuses on customized developments for medium to large businesses, as well as start-ups. Offering several unique technologies and forged notable strategic alliances, Quantech's rapid-response systems construct client infrastructure at competitive prices. The company's client base includes medium to large sized businesses, as well as start-ups.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
posted
AAPM (.028) Signs Technology Agreement in China
CARSON CITY, Nev., Aug. 22 /PRNewswire-FirstCall/ -- America Asia Petroleum (OTC Pink Sheet: AAPM). The company is proud to announce its successful negotiations and signing of a technology agreement to extract crude oil from shale rock.
"The China government estimates by 2025 that they will need to import 75% of their oil and they want to be sure they are not dependant on foreign oil. By signing this agreement we have been given an open door to extracting oil in China," says John Bows, president.
America Asia Petroleum, with offices in China and USA, is an energy company that presently operates through joint ventures in China.
This release contains '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 discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking-statements.' Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as 'expects,' 'will,' 'anticipates,' 'estimates,' 'believes' or statements indicating certain actions 'may,' 'could' or 'might' occur.
SOURCE America Asia Petroleum Corp
Contact Information: America Asia Petroleum Corp Investor Relations, +1-775-831-8887
posted
PAIM (.002) Signed a Joint Venture Agreement: Gold Project Sta. Barbara, Near Paracale, Camarines Norte; Total Estimated Ore Reserves of 318,400 Metric Tons: Visited by US Shareholder Business Editors / Mining Editors
MANILA, Philippines--(BUSINESS WIRE)--Aug. 22, 2006-- Pearl Asian Mining Industries, Inc. (OTC:PAIM) announced that it has recently signed and entered into a contract to finance the operations of a small scale mining group operating in the town of Jose Panganiban, Paracale, Camarines Norte, accessible by 7-hour drive south of Manila. It is named Project Sta. Barbara, after the name of a village, where the mine site is located.
The agreement stipulates that Pearl Asian shall finance pertinent mining and operating expenses of the small scale mining group composed of experienced and seasoned miners who have worked in the mines for more than 10 years. In return, Pearl Asian will have exclusive right to purchase the group's gold production. In addition to income from buying and selling gold, the net proceeds from the price of the gold purchased by the small scale mining group will be shared according to a predetermined sharing agreement, where Pearl Asian will receive a 5% share.
According to a study conducted by Geologist Orlando Consulta of Southeast Pacific Rim International Geological Services, Inc., the average grade of gold ores in the area is around 19 grams Au (gold) per metric ton of ore. Project Sta. Barbara contains an estimated total ore reserves of 318,400 metric tons, based on drilling tests done by the firm.
With this gold trading and financing operation in the Paracale Area, Pearl Asian Mining envisions an additional immediate revenue stream that will complement the revenues coming from Project Cagayan de Oro slated to start operations within this month.
FORWARD LOOKING STATEMENTS
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The Factors that could cause actual result to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
KEYWORD: ASIA PACIFIC PHILIPPINES INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS CONTRACT/AGREEMENT PHOTO/MULTIMEDIA SOURCE: Pearl Asian Mining Industries Inc. - Philippines
CONTACT INFORMATION: Pearl Asian Mining Industries Inc. - Philippines Investor Relations Engr. Gary Gotanco, 866-732-7888 or 310-728-6907 Fax: 877-317-4430 IR*PearlAsianMining.com http://www.PearlAsianMining.com
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
GLOW (.45) Selected by Leading Cable TV Operator to Provide Expanded Coverage of Division 1 College Sports; Glowpoint to be Used as Cost Effective Way to Gain Access to Coaches and Players Business Editors
HILLSIDE, N.J.--(BUSINESS WIRE)--Aug. 22, 2006-- Glowpoint, Inc. (OTC:GLOW), a leading broadcast-quality, IP-based video managed service provider, announced that has been selected by one of the nation's leading Cable TV providers to deliver content for Division 1 College sporting events. Glowpoint will be providing its IP-based "video-centric" network to enable live and recorded interviews of players, coaches and other personalities in and around college sports over national Cable TV.
This is the third major sports broadcaster to leverage Glowpoint's unique broadcast application services, and, in this application, Glowpoint will initially cover nine colleges in the Mountain West Conference. Glowpoint's combination of managed services and broadcast quality connectivity, backed up with a 24/7 network operations center, is designed to ensure that the broadcaster will have always on, high-quality services whenever it's desired.
"Many colleges have more of a following than professional sports teams and a number of broadcasters are trying to capitalize on this growing demand for content by expanding coverage of college sports," said Glowpoint's CEO, Michael Brandofino. "By leveraging Glowpoint's services, these broadcasters have a cost effective, high quality solution for obtaining content from colleges around the country. The uses for Glowpoint in this environment are limitless."
Glowpoint provides IP-based broadcast solutions for national networks and cable TV providers that enable on-demand broadcasting, with always-on exclusive video network connectivity that reduce transport costs by up to 80 percent as compared to traditional satellite feeds.
About Glowpoint
Glowpoint, Inc. (OTC:GLOW) is a world leading broadcast-quality, IP-based video managed service provider. Glowpoint offers video conferencing, bridging, technology hosting, and IP broadcasting services to enterprises, SOHOs, broadcasters, and consumers worldwide. The Glowpoint network carries an average of more than 60,000 video calls per month worldwide. Glowpoint is headquartered in Hillside, New Jersey. To learn more about Glowpoint, visit http://www.glowpoint.com.
The statements contained herein, other than historical information, are or may be deemed to be forward-looking statements and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. These factors, risks, and uncertainties include market acceptance and availability of new video communication services; the nonexclusive and terminable-at-will nature of sales agent agreements; rapid technological change affecting demand for our services; competition from other video communications service providers; and the availability of sufficient financial resources to enable us to expand our operations, as well as other risks detailed from time to time in our filings with the Securities and Exchange Commission.
KEYWORD: NORTH AMERICA NEW JERSEY UNITED STATES INDUSTRY KEYWORD: ENTERTAINMENT TV AND RADIO TECHNOLOGY INTERNET NETWORKS TELECOMMUNICATIONS SPORTS CONTRACT/AGREEMENT SOURCE: Glowpoint, Inc.
CONTACT INFORMATION: Glowpoint, Inc. Media: Jonathan Brust, 866/456-9764 x 2086 jbrust*glowpoint.com http://www.glowpoint.com
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
MGMX (.0047) Receives Strong Support From Regional and Provincial Governments in Colombia
TORONTO -- (MARKET WIRE) -- 08/22/06 -- Metro Gold Mines Mineral Resources Inc. (PINKSHEETS: MGMX), is a growing gold mining company engaged in the acquisition and development of production properties in South and Central America.
Mr. Jairo Giraldo, C.E.O. of the Company held meetings with members of local and provincial governments in relation to the future direction of Metro Gold Mines Mineral Resources.
"It is extremely important to have the government on your side when dealing with a large operation such as this," said Jairo Giraldo, C.E.O. of MGM Mineral Resources. "It was a privilege to receive an official written invitation from the local government in which they support our Company and future projects."
The Company has also been dealing with members of Provincial and Federal governments in order to establish MGM Mineral Resources nationally and internationally.
"We will post any letters we receive regarding government support and local news, as the Company continues to grow," said Jairo Giraldo. "Our website will become more interactive as we grow. It will become a center of ongoing information for our shareholders and will enable the world to view our progress."
The Company will post the recent letter from the local government on the website shortly.
About MGM Mineral Resources (PINKSHEETS: MGMX)
Metro Gold Mines Mineral Resources Inc. is a growing, expertly managed gold mining company focused on acquiring and producing an impressive portfolio of exploration and production properties in South and Central America. MGM Mineral Resources is working to establish itself as a world-class gold company, capitalizing on smart acquisitions, breakthrough technology, modernized operations, deep industry expertise and a strong gold market to cost-effectively produce high quality gold. The company has identified a significant opportunity to exploit proven but under-developed mineral resources in Colombia. MGM Mineral Resources was initially targeting the richest gold zone in Colombia, Segovia, but is now extending to other areas throughout the country. For more information please visit http://www.mgmmining.com
Forward-Looking Statements
Statements contained in this news release, which are not historical facts, are forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 that involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: volatility and sensitivity to market prices for gold; replacement of reserves; procurement of required capital equipment and operating parts and supplies; equipment failure; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; imprecision in reserve estimates; success of future exploration and development initiatives; competition; operating performance of the facilities; environmental and safety risks including increased regulatory burdens; seismic activity, weather and other natural phenomena; failure to obtain necessary permits and approvals from government authorities; changes in government regulations and policies including tax and trade laws and policies; ability to maintain and further improve positive labor relations; and other development and operating risks. Although MGM Mineral Resources believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this report. The company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact: Mr. Kenneth Lamb President 416-214-7847
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
EFSF (.21) Reports Bird Flu Outbreaks in Thailand - One Death Confirmed Pharmaceutical Writers / Business Editors
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Aug. 22, 2006-- Patricia Gruden, president/CEO of eFoodSafety.com Inc. (OTCBB: EFSF), reported today that additional outbreaks of the Bird Flu have occurred in humans in Thailand's northern Uttaradit province, with one confirmed death in the northern province of Phichit.
According to Public Health officials, two men had contact with an unidentified species of wild bird, where they shot, cooked, and had eaten the bird, but afterwards both fell ill and were admitted to the Uttaradit Provincial Hospital.
The death of a 17-year-old youth from Phichit has been confirmed to be from infection of the deadly H5N1 Bird Flu virus. He suffered from an acute lung infection and flu-like symptoms after he had buried 20 fowls that had died of unknown causes in his village.
The announcement of his passing came a day after the Agriculture and Cooperatives Ministry confirmed a fresh outbreak of the H5N1 Bird Flu strain in Phichit's Bang Mun Nak district.
"Our focus of testing in this East Asian region is proving to be prudent. As continued outbreaks occur within this locality, it is our desire for Citroxin to gain recognition as a solution to this potential pandemic," stated Gruden.
About eFoodSafety.com Inc.
eFoodSafety.com Inc. is dedicated to improving health conditions around the world through its innovative technologies. The company's Knock-Out Technologies, Ltd. subsidiary has developed an environmentally safe sporicidal product formulated entirely of food-grade components that eradicates anthrax and a germicidal product, Citroxin (formerly named Big Six Plus) - EPA Reg. No. 82723-1 that kills six major bacteria: E-coli, Listeria, Pseudomonas, Salmonella, Staphylococcus, and Streptococcus, Avian Influenza, and Black Mold. The sporicidal product has completed its final efficacy laboratory study requisite for EPA registration. In the study, it eradicated both Clostridium Sporogenes and Bacillus Subtilis with 100% efficacy on both hard and porous surfaces. The company's MedElite Inc. subsidiary distributes clinically proven products to physicians who then prescribe the products for their patients. It is the exclusive U.S. and worldwide distributor of the Talsyn(TM)-CI/bid Scar Cream that has been clinically proven to facilitate and improve the appearance, redness and strength of scars (http://www.talsyn.com). The company is also is a distributor for Cinnergen(TM), a non-prescription liquid whole food nutritional supplement that promotes healthy glucose metabolism (http://www.cinnergen.com), and Trimmendous(TM), a weight loss formula focusing on the body's 24-hour metabolic processes. The company has recently entered into a joint venture agreement with CK41 Direct Inc. to launch an anti-acne skin care system, with a branded name and celebrity spokesperson to-be-announced in the near future.
Statements contained in this release that are not strictly historical are "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. The forward-looking statements are made based on information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the company and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
KEYWORD: ASIA PACIFIC NORTH AMERICA ARIZONA UNITED STATES THAILAND INDUSTRY KEYWORD: HEALTH INFECTIOUS DISEASES PHARMACEUTICAL PRODUCT/SERVICE SOURCE: eFoodSafety.com Inc.
Pearl Asian Mining Industries Signed a Joint Venture Agreement: Gold Project Sta. Barbara, Near Paracale, Camarines Norte; Total Estimated Ore Reserves of 318,400 Metric Tons: Visited by US Shareholder
Pearl Asian Mining Industries, Inc. announced that it has recently signed and entered into a contract to finance the operations of a small scale mining group operating in the town of Jose Panganiban, Paracale, Camarines Norte, accessible by 7-hour drive south of Manila. It is named Project Sta. Barbara, after the name of a village, where the mine site is located.
The agreement stipulates that Pearl Asian shall finance pertinent mining and operating expenses of the small scale mining group composed of experienced and seasoned miners who have worked in the mines for more than 10 years. In return, Pearl Asian will have exclusive right to purchase the group's gold production. In addition to income from buying and selling gold, the net proceeds from the price of the gold purchased by the small scale mining group will be shared according to a predetermined sharing agreement, where Pearl Asian will receive a 5% share.
According to a study conducted by Geologist Orlando Consulta of Southeast Pacific Rim International Geological Services, Inc., the average grade of gold ores in the area is around 19 grams Au (gold) per metric ton of ore. Project Sta. Barbara contains an estimated total ore reserves of 318,400 metric tons, based on drilling tests done by the firm.
With this gold trading and financing operation in the Paracale Area, Pearl Asian Mining envisions an additional immediate revenue stream that will complement the revenues coming from Project Cagayan de Oro slated to start operations within this month.
-------------------- "Simplicity is the ultimate sophistication"
IP: Logged |
posted
EAGM (.026) in Negotiations With Neighboring Property, The Alacran-Scorpio Mine Gold Company Announces Additional Information Pertaining to Current Properties, Upcoming Projects and Geology Consultant
TORONTO -- (MARKET WIRE) -- 08/22/06 -- El Alacran Gold Mining Corp. (PINKSHEETS: EAGM), a precious metal mining company, is in the late stages of negotiations of acquiring The Alacran-Scorpio Mine.
The property is located in the same area of the Company's flagship and initial property of El Alacran.
"The Alacran-Scorpio Mine is also rich with gold, silver and copper resources in the northwestern area of Colombia, and also located in the Municipality of Puerto Libertador," said Mario Monroy, Geology and Geophysics Consultant of El Alacran Gold Mine Corp. "This property, located in the same area as our initial Alacran project, will require much further and extensive studies in order to assess the property's full resource potential."
Mr. Monroy is the Company's Geology and Geophysics Consultant, with background and experience in the field for over 45 years. He holds an extensive background with a resume of more than 60 areas studied, including general geology, regional geology and property geology, reserves and economic geology. Mr. Monroy has suggested that the Company could unite both lands into one massive exploration, development and production property.
The Alacran-Scorpio property contains the same topography as its neighboring mine such as the subdued, rounded hills, with elevations in the area ranging from about 60 to 350 meters (195 to 1150 feet) above sea level. The region contains a dense network of streams and rivers, the principle of which is the north to northeast flowing San Pedro River, which is what makes this a prime location for mining.
"We will be commencing additional studies once El Alacran Gold Mine Corp. can finalize the necessary paperwork for this transaction," said Rafael Delgado, CEO. "We should soon see the completion of this transaction and confirm it as a Company acquisition since I am personally one of the mine's land owners, which will facilitate the matter of attaining this precious property. We are working together to finalize the process."
The Company believes that the gold, silver and copper resources for the entire area of El Alacran mines are massive in nature, which will reflect in additional studies once The Alacran-Scorpio property is fully acquired.
About El Alacran Mining Corp (PINKSHEETS: EAGM)
EAGM is a precious metal mining company engaged in the acquisition, development, and production of properties throughout South America. The Company currently engages in gold, silver and copper mining and related activities, including exploration, extraction, processing, and refining throughout Colombia. El Alacran's staff consists of senior geologists, civil and mining engineers, all of them with extensive experience resulting in the best knowledge to explore and develop the interests of the company.
Forward-Looking Statements
Statements contained in this news release, which are not historical facts, are forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 that involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: volatility and sensitivity to market prices for gold; replacement of reserves; procurement of required capital equipment and operating parts and supplies; equipment failure; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; imprecision in reserve estimates; success of future exploration and development initiatives; competition; operating performance of the facilities; environmental and safety risks including increased regulatory burdens; seismic activity, weather and other natural phenomena; failure to obtain necessary permits and approvals from government authorities; changes in government regulations and policies including tax and trade laws and policies; ability to maintain and further improve positive labor relations; and other development and operating risks. Although El Alacran Gold Mining Corp. believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this report. The company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact: Mr. Kenneth Lamb President 416-214-7847
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
Aug 22, 2006 10:34:00 AM a designer and developer of next generation UAVs, announces the CyberBug(TM) UAV flight demonstration will take place on Wednesday August 23 at 11:30 AM. National Security Associates, Inc. will host the scheduled event for law enforcement, military and media at the National Security Centre of Advanced Tactical Research and Training located on River Bend Road in Chattahoochee County, Georgia adjacent to Ft. Benning (directions below).
For specific use in crowded and remote locations, the hand-launched CyberBug(TM) is the first low-cost UAV to provide surveillance and communication facilitating crime scene photography, pre-raid planning, fatality investigations, and disaster assessment. Military control centers stateside can monitor CyberBugs launched by ground troops, identify hostile activity in Iraq and notify forces of potential areas of concern.
During the demonstration Sheriff's Offices, Metro Narcotics, Police Departments, Homeland Security, ICE, U.S. Marshalls, Military Special Operation Forces, Fire Marshalls, Federal and State officials and media can get a close-up view of the CyberBug(TM) in action.
Directions to National Security Centre of Advanced Tactical Research and Training
Take 1-185 towards Fort Benning GA Exit at U.S. 280/27 east towards Cassetta Drive to 12.3 miles to Chevron Station Right at Chevron Station for 2.3 miles to Riverbend Road Right on Riverbend Road for 7.3 miles to National Security Centre gate on right side About the CyberBug UAV
Initial acceptance of the CyberBug(TM) has led both Law Enforcement and Military Forces in several countries to believe that the CyberBug(TM) is ideal for use in covert missions as it is silent (electric) and can complete mission of up to one hour. The CyberBug(TM) product allows users to view data captured by sensors and wireless video transmitters at any location throughout the world providing a significant advantage in a low cost solution to surveillance.
The CyberBug(TM) UAV is scalable and provides camera solutions on both the small 2.6 pound platform as well as significant camera solutions for day and night vision on the larger platform 14 pound platform. It also has the capability to fly on station in a programmed or manual mode for up to an hour, traveling at speeds up to 30 MPH with a camera foot print of 300 x 300 depending on day or night view.
About Cyber Defense Systems
Cyber Defense Systems, Inc. (OTC:CYDF), is designing and building a new generation of UAVs. Cyber Defense is currently marketing airships and their CyberBug(TM) UAVs to various branches of the U.S. government and U.S. allies as multi-use platform vehicles capable of deployment in surveillance and communication operations. Cyber Defense Systems, Inc. -- http://www.cduav.com.
Cyber Defense recently acquired Techsphere Systems International, Inc., which is now a wholly owned subsidiary of Cyber Defense. Techsphere, a manufacturer of low and mid altitude airships, is located in Atlanta and Columbus, GA. Together with their teaming companies, Techsphere designs and builds unique airship platforms for use in many areas including surveillance, the military and wireless communications. Their current SA 60 spherical airship design holds the world altitude record at over 20,000 feet. -- http://www.techsphere.us
About National Security Associates
National Security Associates is a global supplier, consultant and trainer to tactical professionals. The National Security Centre of Advanced Tactical Research and Training, its non-profit training partner, provides advanced training and research in Tactical Surveillance. -- http://www.teamnsa.com
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
SFNN (.022) Posts 300% gain in Profit for First Half of 2006
LAS VEGAS, NV -- (MARKET WIRE) -- 08/22/06 -- Shearson Financial Network, Inc (OTCBB: SFNN) announced today that it posted a profit for the first six months of 2006 of $1,977,262 on revenues of $4,273,860. The performance figures represent an increase of over 140% growth in revenue over last year and over 300% growth in profitability over the same period.
"We are pleased that our mortgage group has continued to grow during this period when many mortgage companies are finding it difficult to make a profit," states Michael Barron, CEO of Shearson Financial Network. "Our management team here has undertaken an aggressive growth plan and we are seeing great results. We now have positive confirmation that our strategy of acquisition and integration of independent mortgage brokerages is clearly working."
The Company released its Pro forma consolidated statements as well which place the mortgage consolidator at a $21 million dollar revenue run rate for the first six months and Pro forma profitability for the same period of $4.5 million.
About Shearson Financial Network, Inc.
Shearson Financial Network Inc. (OTCBB: SFNN) is the parent to two primary operating divisions, Shearson Home Loans and Real Property Technologies (RPT). Shearson Home Loans (SHL) is a direct-to-consumer mortgage broker and banker with revenues derived primarily from origination commissions and resale of whole loans earned on the closing of first and second mortgages on single-family residences. SHL currently employs over 500 people which are residential mortgage and/or real estate brokerage professionals. The Company is a consolidator of mortgage brokerages and integrates the brokerage companies into the Shearson Home Loans network and then banks the mortgages through its mortgage banking unit. The Company plans to continue its growth strategy through the acquisition and affiliation of mortgage brokerage firms who do not currently bank their own production.
RPT is a leading real estate information company with headquarters in New York. RPT operates within the Shearson Financial Network as a separate data network. RPT provides a steady revenue stream and profitability with which the company looks to mitigate the effects of interest rate fluctuations in the mortgage lending market. The company serves over one thousand customers in the real estate, title, and mortgage industries.
Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs, and estimates as to projected results and market size are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially. These forward-looking statements represent the company's judgment as of the date of this release. The company disclaims, however, any intent of obligation to update these forward-looking statements.
CONTACT: Shearson Financial Network, Inc. Andrew Austin 619-334-5644
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
CHDT (.104) Files Form 12b-25 for June 2006 Form 10-Q
COOPER CITY, FL -- (MARKET WIRE) -- 08/22/06 -- CHINA DIRECT TRADING CORP. (OTCBB: CHDT) today announced that it will unable to timely file its Quarterly Report on Form 10-Q for the quarter ending June 30, 2006 by the August 14, 2006, filing deadline because of delays in consolidating and reviewing the financial statements of China Direct's operating subsidiaries. As a result, China Direct has filed a Form 12b-25 notification of late filing with the U.S. Securities and Exchange Commission. China Direct expects to file the Form 10-Q on or before Friday, August 25, 2006.
posted
ATWT (.0036) Forecast Sales Increase for FY 2007 Company Updates Web Site for West Bend Mutual Policyholders
MEMPHIS, TN -- (MARKET WIRE) -- 08/22/06 -- ATWEC Technologies (PINKSHEETS: ATWT) announced today that it expects to rapidly ramp up sales for its FY 2007 beginning September 01, 2006. This will continue the acceleration of orders as the company sold and installed upwards of 400 units in 2005 over 2004, an increase in sales by 300% in FY 06. The forecasted sales increase for FY 07 is mostly due to anticipated orders from customers such as the West Bend Mutual Insurance Company policy holders, the Hillbourgh School District, the Louisiana Headstart Group, and the Shelby County Headstart Group.
ATWEC has just finished updating its web site for the West Bend policyholders. At the site, they can log in to find a distributor and when they supply a valid customer number, they can print a discount coupon for KiddieSystems products in addition to any policy discount offered by their insurance carrier. West Bend services about 14% of the national market and ATWEC accepts the challenge of capturing this business with the endorsement of such a respected partner.
"ATWEC's marketing efforts are on track to accomplish its goal for FY 07 and our underlying mission of ensuring our children's safety looks as bright as ever," said CEO Alex T. Wiley.
For more information on ATWEC Technologies, visit the company's web site: http://www.atwec.com.
NOTE: Certain statements made in this press release are company-based projections within the scope of the Private Securities Act of 1995. Such statements involve known and unknown risks. Uncertainties and other mitigating factors may influence desired outcomes. Such risks, uncertainties and/or other mitigating factors include but are not limited to new economic conditions, risks associated in product development, market acceptance of new products and continuing product demand, level of competition and other factors both known and unknown as described within this Company's reports and other filings with appropriate regulatory agencies.
VoiceOne(TM) and VariTalk Team Up to Send 'Snakes on a Plane' Personalized Phone Messages From Samuel L. Jackson; VoiceOne(TM) Takes Over as VariTalk's Preferred Call Services Provider -- Delivers Record Volume With 100% Reliability 8/22/2006
CHICAGO, and ORLANDO, Fla., Aug 22, 2006 (BUSINESS WIRE) -- VariTalk, LLC and VoiceOne(TM) Communications, LLC, a subsidiary of VoIP, Inc. (OTCBB:VOII), announced today they have begun working together on what many would say is the most successful Internet and mobile marketing campaign ever for Time Warner-owned (NYSE:TWX) New Line Cinema's, #1 box office movie "Snakes on A Plane."
The campaign empowers movie fans to create and send personalized phone and E-mail messages in the voice of Samuel L. Jackson. The official film site is online at http://www.snakesonaplane.com.
Unlike most voice service applications, VariTalk's super-personalized marketing campaigns are on-demand arrangements -- with people reacting to promotions, television and radio commercials, and especially word of mouth.
"VoiceOne's proprietary software platform meets the demand with scalability that most hardware-dependent providers cannot match without significant lead time. And VoiceOne's proven technology meets an additional requirement: bullet-proof reliability," explained VariTalk's former CTO and newly named Chief Executive Officer Frederick Lowe.
"When Snakes on A Plane took off, VariTalk was faced with a challenge: record call volume. VoiceOne stepped in quickly and seamlessly, enabling the Company to make immediate improvements in capacity and reliability."
"We are pleased to have come together with VoiceOne. With effectively infinite scalability and 100% delivery success we're sure to rely on them for many future campaigns of this type," Lowe said.
VoiceOne's Chief Technology Officer Shawn Lewis commented, "We are thrilled to be working with VariTalk on creative and successful marketing campaigns like this one. Our technology is scalable, flexible and reliable, so companies like VariTalk, who are on the leading edge of providing new ways to market products and services, can know their campaigns are going to work well technically."
About VariTalk
VariTalk works with clients and agencies to produce entertainment marketing, mobile content, political advertising and brand marketing, based on its patented audio and video personalization platform.
With over 100 years of combined experience in the entertainment, new media and advertising industries, as well as 25 years of combined experience in software development, VariTalk represents a unique combination of industry leaders, all committed to the research, development and deployment of new solutions for merging message and media, commercials and content, information and individuals.
About VoiceOne
VoiceOne Communications, LLC is a wholly owned subsidiary of VoIP, Inc., a leading provider of turnkey IP voice, video and data communications solutions for service providers, resellers and consumers worldwide. The Company provides a comprehensive portfolio of advanced telecommunications technologies, enhanced services, broadband products, and fulfillment services to the communications industries. For information on VoiceOne and VoIP, Inc., please visit http://www.voipinc.com.
SOURCE: VoIP, Inc.
For VoiceOne(TM) Communications, LLC, Orlando Media and Industry Analysts: HighTech PR, Inc. Tammy Snook, 407-667-9355 tammysnook*hightechpr.net or Investors Sitrick and Company Jason Booth, 310-788-2850 Jason_Booth*sitrick.com or VariTalk, LLC Frederick Lowe, 312-583-0400 frederick.lowe*varitalk.com
Copyright Business Wire 2006
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
IVHG (.021) to Showcase Robotic Hardware and Software for Unmanned Vehicles at World's Largest Unmanned Syste Innova Robotics Will Be Exhibiting Unmanned Ground, Air, and Naval Vehicles, as Well as the Communication and Control Software Developed by the CoroWare, Inc. Subsidiary of Innova Holdings Which Supports Aggregated Monitoring and Control of Multiple Robots to Achieve Complex Coordinated Missions
FORT MYERS, FL -- (MARKET WIRE) -- 08/22/06 -- Innova Holdings, Inc. (OTCBB: IVHG), a robotics technology firm providing software and hardware systems to the service, personal, and industrial robot markets, today announced that its Innova Robotics and CoroWare subsidiaries will be exhibiting at the Association for Unmanned Vehicle Systems International (AUVSI) Unmanned Vehicles 2006 Symposium and Exposition, August 29 - 31, 2006, at the Gaylord Palms Resort and Convention Center in Orlando, FL.
"This is a strategic event at which Innova Holdings will showcase its technical expertise and advanced robotic solutions to the project leaders who will be searching for advanced technologies and technological expertise," says Walter Weisel, Chairman and CEO of Innova Holdings, Inc. "Within the Innova Robotics and CoroWare subsidiaries there are well over 200 man-years of technical expertise in robotics, control, communications, and software systems."
The Innova Robotics exhibit in booth number 1001 will feature several models of unmanned robotic ground vehicles from the Mesa Robotics, Inc. product line for which Innova Holdings has the exclusive worldwide marketing and sales rights. Demonstrations will highlight the capabilities of the communication and control systems, which employ a state-of-the-art user interface and can support the integration, coordination, and communication among multiple unmanned land, sea, and air vehicles and among multiple cooperating control units to enable distributed communications and data sharing between the vehicles and among mission controllers. The exhibit will also show aerial and naval unmanned vehicles.
Unmanned robotic systems are gaining momentum as applications for missions including search and recovery, reconnaissance, and border patrol are being developed with increasingly sophisticated emerging technologies. One of the major challenges to overcome is the ability to operate and coordinate multiple robotic vehicles from a single command and control center, and to share data and control interfaces among robot platforms from different manufacturers. Innova Holdings believes that it has the software systems that will maximize operator capabilities and enable interoperability across platforms so that unmanned vehicles can work as a unit to accomplish the mission. Innova Robotics' state-of-the-art platforms are applicable for military, space, government, Homeland Security, law enforcement and civilian markets.
Innova Holdings also has strategic development relationships with Embry Riddle Aeronautical University (ERAU) and the University of South Florida (USF).
About Innova Holdings Inc.
Fort Myers, FL-based Innova Holdings Inc. (OTCBB: IVHG), through its subsidiaries, provides hardware and software systems-based solutions to the military, service, personal and industrial robots markets. The robotics and automation technology company is chartered to continue expanding its growing suite of technologies through acquisitions and growth. Its founder, Chairman and CEO Walter K. Weisel, is recognized as a pioneer and leader in the robotics industry. The company's wholly owned subsidiaries are Robotic Workspace Technologies Inc. (RWT), Innova Robotics Inc., and CoroWare. To learn more, visit us online at http://www.InnovaHoldings.com.
Investor Relations
Investors can visit Innova Holdings' Investor Relations Hub at http://www.agoracom.com/IR/Innova to post questions and receive answers, or simply review questions and answers by other investors. They may also request to be added to the investor e-mail list.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Forward-looking statements such as "believe," "expect," "may," "plan," "intend," etc., contained herein are within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and are based on the company's beliefs and assumptions it made using information currently available to it and which reflect current views concerning those future events. Actual results could differ materially. Therefore, undue reliance should not be placed on any forward-looking statements, since they apply only as of today's date, and accordingly, reference should be made to the company's periodic filings with the SEC.
FOR MORE INFORMATION: Sandra L. Brooks INCOMM International Inc. 7825 Baymeadows Way, Suite 101-A Jacksonville, FL 32256 Tel: (904) 636-5085 Email: slbrooks*incomminternational.com URL: http://www.incomminternational.com
Preliminary Results of a Double Blind, Placebo Controlled Clinical Trial Finds Resurgex(R) Group Out Performs Leading Sport Nutritional
Millennium Biotechnologies, Inc. (OTCBB:MBTG), a research-based nutraceutical company and a pioneer in the emerging field of specialized nutritional supplements for the medical market, today announced preliminary results of its second double blind, placebo controlled clinical trial that found its Resurgex(R) nutritional formula provided improvements in strength (Wingate testing) and increased lean muscle gain while reducing body fat in Rutgers University Division 1 football players (strength athletes). The preliminary results showed Resurgex(R) out performed a leading sports nutritional formula commonly used by athletes. This emerging new data, coupled with the first trial that found its Resurgex(R) nutritional formula provided enhanced performance parameters and reduced oxidative stress levels (free radical damage caused by exercise) in Rutgers University Division 1 soccer players (endurance athletes), further suggests an important role for Resurgex in the sports fitness field.
"While this human trial further validates the efficacy of Resurgex(R) during strenuous activity, we are very excited about these initial results which reinforce the functionality of our product now in the strength athlete," said Carl Germano, RD, CNS, CDN, senior vice president of product development and research for Millennium Biotechnologies. "These preliminary findings provide further confirmation of the importance of Resurgex to address the true nutritional needs of the athlete. We have focused on assisting the athlete's recovery that enables for better performance. While our first trial demonstrated the ability for Resurgex to improve performance while lowering oxidative stress, this study is pointing to the ability of Resurgex to improve strength parameters, increasing muscle gain while reducing body fat."
About Millennium Biotechnologies, Inc.
Millennium Biotechnologies, Inc. is a research-based nutraceutical company and a pioneer in the emerging field of specialized nutritional supplements. The company's flagship products, RESURGEX(R), RESURGEX Plus(R), and RESURGEX Select(TM) are designed to assist in strengthening cellular defense and supporting the immune system in patients with cancer, HIV/AIDS, Hepatitis C, and other chronic illnesses. Millennium Biotechnologies, Inc. is a wholly owned subsidiary of Millennium Biotechnologies Group, Inc., a publicly-traded company (OTCBB:MBTG). For more information about Millennium Biotechnologies, please call Frank Guarino, Chief Financial Officer at FGuarino*Milbiotech.com or call (908) 604-2500. For more information about the Resurgex line of products visit http://www.resurgex.com.
This release includes certain forward-looking information that is based upon management's beliefs as well as on assumptions made by and data currently available to management. This information which has been, or in the future may be, included in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, is subject to a number of risks and uncertainties, including but not limited to uncertainty as to market acceptance of our products and the factors identified in the Company's 10-KSB, 10-QSB and other documents filed with the Securities and Exchange Commission. Actual results may differ materially form those anticipated in such forward-looking statements even if experience or future changes make it clear the any projected results expressed or implied therein may not be realized. The Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances.
KEYWORD: NORTH AMERICA NEW JERSEY UNITED STATES INDUSTRY KEYWORD: HEALTH CLINICAL TRIALS FITNESS & NUTRITION SPORTS SOURCE: Millennium Biotechnologies, Inc.
CONTACT INFORMATION: Millennium Biotechnologies, Inc. Frank Guarino, 908-604-2500 FGuarino*Milbiotech.com
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
posted
AMHD (.024) Receives Additional ASTM D6751 Certification >CHEYENNE, Wyo., Aug. 22, 2006 (PRIMEZONE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce that the Company's subsidiary, Amelot Alternative Energy, Inc., has received additional ASTM D6751 Certification. Amelot recently announced on July 24th that employee training had begun. Samples of the batches that were produced by the employees were sent out for testing to National Tribology Services in Minden, Nevada. Test results for the first batch produced have been received and have passed the ASTM D6751 quality assurance requirements. For information on NTS and testing standards please visit: http://www.biodieseltesting.com
"We are pleased that the employee test batches have passed the quality assurance requirements of ASTM D6751. Have received additional ASTM D6751 certification quality assurance test results will help us in sales to our targeted markets. This is what most distributors, blenders and fleet users in the industry are looking for before purchasing Bio-Diesel from any producer. Having received additional quality assurances proves Amelot's technology and quality of our product," said Aziz Hirji, President of Amelot Holdings.
About Amelot Holdings, Inc.
Amelot Holdings, Inc. is a diversified holding company focused on Alternative Energy and Bio-fuels.
The Amelot Holdings, Inc. logo is available athttp://www.primezone.com/newsroom/prs/?pkgid=2149
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
posted
NWKI (.34) Announces Second Quarter Results
LAS VEGAS, Aug. 22 /PRNewswire-FirstCall/ -- Network Installation Corp. (OTC Bulletin Board: NWKI) announces second quarter revenues of $4.9 million and revenues of $11.7 million for the first half of 2006, the best first half revenue performance in company history. In addition, gross margins for the second quarter came in at 22%, which is a 7% increase from the previous quarter. More importantly, during the quarter NWKI completed a sweeping restructuring of its debt, reducing it from more than $9 million to approximately $7.5 million.
"Robust revenue growth, primarily from sales of our proprietary, patent pending Race & Sports Book technologies, combined with our efforts to increase gross margins are now showing in our financial results," says CEO Jeff Hultman. "Now with our debt restructuring completed, we anticipate our interest expense dropping from $1 million for the quarter ended June 30 to below $200,000 next quarter and going forward."
Hultman also announced that two subsidiary companies of NWKI have now been classified as Discontinued Operations in the Company's financial statements, due to management's decision to wind down those businesses. As a result, NWKI does not expect to experience any further losses from these two subsidiaries going forward.
"These entities were not part of our core business, and as a result, it was time to wind down their operations," says Hultman. "I'm proud of the continued turnaround at NWKI and the execution of our strategies to unlock shareholder value, position us to secure future financing and meet the various growth opportunities for our proprietary technologies."
About Network Installation Corp.
Network Installation Corp., through its wholly-owned subsidiary Kelley Technologies, is a technology company which specializes in the design, development and integration of communication technology and system networks for the resort and gaming industry as well as luxury high-rise condo developments (MDUs).
Kelley Technologies has also developed a patent-pending, proprietary next generation Race & Sports Book platform designed for the gaming industry and remains committed to developing the most advanced technology solutions to meet the desires of its clients.
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of wireless networks or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
SOURCE Network Installation Corp.
Contact Information: media, Andrew Naugher of H2PR, +1-214-432-7666, or andrewn*H2PR.com , for Network Installation Corp.; or investors, Chris Pizzo, CFO of Network Installation Corp., +1-702-889-8777, or cpizzo*ntwins.com
posted
ATVE (.0575) ActiveCore Secures Acquisition of ePocket 97% of ePocket Shareholders Support Acquisition
TORONTO -- (MARKET WIRE) -- 08/22/06 -- ActiveCore Technologies, Inc. (OTCBB: ATVE), a Company that operates a group of subsidiaries and divisions in the US and Canada, today announced that 97% of the GSPS/ePocket shareholders have voted yes in support of the LOI ActiveCore issued in June 2006 to acquire all of the issued and outstanding shares of Global Sterling Payments Systems Limited ("GSPS"), the parent company of ePocket Inc. ActiveCore currently holds a minority shareholding position in GSPS.
ActiveCore has received signed Letters of Intent from shareholders holding 97% of GSPS' Ordinary Shares. With the 97% majority now secure ActiveCore is proceeding with a definitive purchase and sale agreement to acquire GSPS/ePocket. With all obstacles removed the company will now complete this acquisition and implement its strategy to become a pure play in the electronic payment industry.
Peter Hamilton, Chief Executive Officer of ActiveCore, said, "Over the past two months our plans to acquire ePocket were delayed by a legal challenge from a small minority of ePocket shareholders and I am pleased to report that this dispute was recently settled out of court without costs." Mr. Hamilton went on to say, "Although this court action delayed the acquisition process it did not prevent ePocket from advancing several exciting sales opportunities that support ActiveCore's new strategic direction and the completion of this acquisition will position ActiveCore to become a leading organization in the electronic payment industry."
Neil Fishenden, Chief Executive Officer of GSPS, stated, "I am delighted that the final obstacle to the merger has been removed and that during this period the management teams of GSPS/ePocket and ActiveCore have remained focused on the sales opportunities for the combined product set." Mr. Fishenden went on to say, "Now that the combination of the companies is a certainty I will allocate more of my time to working directly with British Linen and Link Resources to complete the financing transactions for the combined entities with full confidence in the knowledge that the companies will be one organization focused on the electronic payment industry."
ActiveCore Restructuring
As mentioned in previous releases, ActiveCore is committed to restructuring the overall business to optimize the impact of this transaction. This restructuring is well underway and the company has already implemented many of its planned changes. The restructured organization has a clear mission to be focused exclusively on the electronic payment industry.
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit ActiveCore IR Hub located at http://www.Agoracom.com/IR/ActiveCore.
About ActiveCore Technologies, Inc. (http://www.ActiveCore.com)
ActiveCore Technologies, Inc. operates a group of subsidiaries and divisions in the U.S. and Canada that offer a Smart Enterprise Suite of products and services. We integrate, enable, and extend functions performed by current and legacy IT systems. Our products encompass web portals, enterprise middleware, mobile data access, data management and system migration applications. The Systems Integration & Modernization Division of ActiveCore operates under the trade names of CRATOS and MDI Solutions. The Corporate Disclosure and Messaging Division of ActiveCore operates under the trade names C Comm Network Corporation, DisclosurePlus and ActiveCast. ActiveCore services clients in health care, financial services, government and manufacturing worldwide.
About ePocket Inc. (http://www.ePocket.com)
ePocket brings true electronic cash to the world for the first time, making purchases over the Internet as secure and simple as handing cash to a clerk in a store. ePocket enables banks to provide their customers with the ability to withdraw electronic cash in any currency from their regular deposit accounts, and send this electronic cash to merchants or other consumers in order to make payments. Cash created electronically is just like cash, except there are no coins, bills, or plastic cards -- it is entirely electronic. Just like cash, electronic cash does not require the identification of a payer. This provides privacy for consumers, and eliminates fraud and identity theft, making ePocket the most cost-effective payment solution for Internet commerce. ePocket payments cost merchants less than any other payment technologies. Their extraordinary cost effectiveness enables merchants to profitably accept very small payments of just one or two dollars. In contrast to other payment schemes, consumers do not have to open additional accounts with a payment intermediary. Consumers do not have to give up any identity or credit information in order to accomplish a payment. This makes ePocket payments completely secure and provides complete privacy for consumers.
Statements contained in this news release regarding ActiveCore Technologies, Inc., formerly IVP Technology, and planned events are forward-looking statements, subject to uncertainties and risks, many of which are beyond ActiveCore's control, including, but not limited to, reliance on key markets, suppliers, and products, currency fluctuations, dependence on key personnel and trade restrictions, each of which may be impacted, among other things, by economic, competitive or regulatory conditions. These and other applicable risks are summarized under the caption "Risk Factors" in ActiveCore's Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on January 4, 2005. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above.
IR CONTACT:
Peter Hamilton Phone: 416 252 6200 Email: Email Contact
posted
LYJN (.16) to Market Debut Collection Under "Lyric Culture" Brand Name
LOS ANGELES, CA -- (MARKET WIRE) -- 08/22/06 -- Lyric Jeans, Inc. (PINKSHEETS: LYJN), a cutting-edge premium clothing company, today announced the expansion of its debut collection to include not only jeans and T-shirts, but also leather jackets, skirts, shorts, corsets and belts. The collection will be marketed under the brand name Lyric Culture.
"In developing our line it quickly became apparent that Lyric is a lifestyle brand that encompasses much more than just jeans and so it made good business and creative sense to identify it as Lyric Culture," said Hanna Rochelle Schmieder, the company's President. "Lyrics are a way for us to express how we feel in every situation and aspect of our daily lives. Our clothes are designed as a reflection of pop culture through various genres and eras of music and our branding is synonymous with that," she added.
Lyric Culture is a music driven premium apparel line involving lyrical content on jeans, denim wear, leather and accessories. Each item in the collection reflects the personality, style and flare of the artist and song through its design. With the vision of fusing the world of music with fashion, Lyric Culture employs a cutting-edge design strategy allowing consumers to express themselves stylishly through song lyrics. The company intends to announce the entire roster of songs that will be used in its debut collection in the coming weeks.
About Lyric Culture
Lyric Culture is the innovator and manufacturer of premium apparel and denim wear characterized by a cutting-edge design strategy driven by music and song lyrics. Through the unique fusion of fashion and music, Lyric Culture utilizes titles from all genres of music as inspiration for the brand, thereby appealing to a cross-section of various tastes and interests and enabling it to market its products on a worldwide platform. The company's strength is in its relationships with the music industry and its ability to access the Hollywood community, tastemakers and trend-setters. http://www.lyricjeans.com
Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding Lyric Jeans, Inc. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Lyric Jeans, Inc. does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Contact: Publicity*LyricJeans.com 310.860.0952
-------------------- The difference between genius and stupidity is that genius has its limits
IP: Logged |
Consolidated Gold Win Ventures Inc. Targeting Potential High Tonnage Gold/Copper Deposit in Nevada and Tiffany & Co. Sets Quarterly Dividend U.S. Equity News Provides Diamond industry news alert. After developing its exciting South Dolly Varden gold/copper claims in Elko County, Nevada over the past three years, Consolidated Gold Win Ventures Inc. (OTC: CGWVF) (CGW.V) is now ready to commence drilling to prove up the deposit. In the past year, CGW has completed geological mapping, done systematic rock sampling, and conducted a 3D Induced Polarization survey. The recent mapping done by the company in preparation for the upcoming drilling has identified a Quartz Felspar Porphyry (QFP) intrusive associated with the chargeability anomaly and the rock geochemistry anomaly. QFP's are associated with the Skarn and porphyry copper deposits of the Nevada basin area. For the full StocksJournal report for Consolidated Gold Win Ventures, Inc, go to www.stocksjournal.com.
As a part of the successful redesign and launch of their website, Abazias (OTCBB: ABZS) has doubled the amount of their privately branded Couples Diamond(R) featured on www.abazias.com. The rare Couples Diamond(R), with a Hearts & Arrows Ideal Cut, offers the highest grades of polish and symmetry, allowing the diamond to reflect more light than the standard American Ideal cut. Lerach Coughlin Stoia Geller Rudman & Robbins LLP ("Lerach Coughlin") (http://www.lerachlaw.com/cases/zale/) today announced that a class action has been commenced on behalf of an institutional investor in the United States District Court for the Northern District of Texas on behalf of purchasers of Zale Corporation ("Zale") (NYSE: ZLC) common stock during the period between February 18, 2005 and May 5, 2006 (the "Class Period"). Jewelry retailer Tiffany & Co. (NYSE: TIF) said Thursday its board declared a regular quarterly dividend of 10 cents per share. The company will pay the dividend on Oct. 10 to stockholders of record on Sept. 20.
About U.S. Equity News
U.S. Equity News provides information, resources and news services for investors of small-cap, micro-cap and emerging companies. U.S. Equity News distributes RSS news feeds and a free subscription-based newsletter available through its website at www.usequitynews.com.
U.S. Equity News is a financial news distribution service by Equity Solutions, Inc. (www.equityirsolutions.com) that provides a platform for public companies to disseminate important news to key Wall Street interest such as shareholders and new investors. Equity Solutions, Inc. can assist by providing an effective increase in the awareness of a public company's news, development and corporate story through its proprietary network and its financial portal.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
