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Hello all - since J_U_ICE has much more important things to do, let's at least take a stab at sharing PRs for everyone....any help would be greatly appreciated!
-------------------- Study before you buy, Sell before you think about it....
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GelStat Corporation Retains Redwood Consultants, LLC BLOOMINGTON, MN -- (MARKET WIRE) -- August 30, 2006 -- GelStat Corporation (PINKSHEETS: GSAC), a consumer healthcare company primarily focused on the development and marketing of over-the counter (OTC) products for the safe and effective treatment of pain and inflammation, is pleased to announce that it has retained Redwood Consultants, LLC (http://www.RedwoodConsultants.com) to provide strategic communications and planning services, and to assist the Company with its investor relations and business development activities.
GelStat's development efforts are focused on proprietary, innovative healthcare products that address multi-billion dollar global markets. GelStat's first product, GelStat™ Migraine, is sold nationwide through approximately 16,000 retail chain stores and 4,000 independent retailers and pharmacies. GelStat is committed to building a portfolio of products addressing common health conditions and believes that each of its present or planned products offers significant commercial potential.
Redwood Consultants is a full-service corporate communications and investor relations firm headquartered in Novato, California, specializing in creating credible awareness of its clients' corporate potential to the financial community through communications with analysts, market makers, institutions, retail stockbrokers, and individual investors nationwide. Redwood will play a vital role in GelStat's business development programs and provide up-to-date information and effective communication to a broader audience of potential investors and strategic partners.
"We feel Redwood is a valuable addition to GelStat's efforts as we continue to transform and expand our business, and is an important part of GelStat's renewed commitment to communicate effectively with the financial and business community," said Richard Ringold, CEO of GelStat Corporation. "Redwood's experience and investor relations knowledge is vital for our continued expansion in the healthcare industry," continued Mr. Ringold.
For additional information on GelStat Corporation's partnership with Redwood Consultants, contact Jens Dalsgaard at 415-884-0348 or visit http://www.RedwoodConsultants.com.
ABOUT GELSTAT CORPORATION
GelStat Corporation is dedicated to providing safe and effective over-the-counter (OTC) treatments for pain and inflammation. GelStat's first product, GelStat Migraine, is sold nationwide through approximately 16,000 retail chain stores and 4,000 independent retailers and pharmacies.
GelStat Migraine is a sublingually (under the tongue) administered OTC medication for acute relief from the pain and associated symptoms of migraine. Over 90 percent of the 30 million Americans with migraine use OTC headache remedies, generally aspirin or other non-steroidal anti-inflammatory drugs. Americans spend $2.6 billion each year on 600 million units of such products, although they are believed to be effective for only about 25 percent of those with moderate to severe migraine. The initial clinical trial of GelStat Migraine showed it to be effective for 83 percent of those with moderate to severe migraine.
The Company also has a suite of additional, effective healthcare products that address large consumer markets. GelStat™ Arthritis is the second available product to utilize GelStat's patent pending formulation. It is provided as a daily use, sublingual dissolving tablet. Arthritis and chronic joint symptoms are among the most common medical complaints in the United States. The Center for Disease Control estimates that, in its many forms, arthritis affects up to 70 million Americans, causing significant, often long-term pain and disability. Typical arthritis medications often provide only marginal relief, and are increasingly associated with frequent and significant side effects such as gastrointestinal bleeding, stroke, heart attack and potentially life-threatening skin reactions.
The Company has also developed "GelStat™ Sinus" and "GelStat™ Sleep," and believes that each of these products performs well and is effective for its intended use. The National Institute of Allergy and Infectious Disease estimates that 37 million Americans are affected by sinusitis every year, with at least 20 million more suffering from allergies. Approximately 70 million Americans are reported to be "problem sleepers."
Safe Harbor Statement Under the Private Securities Litigation Act of 1995
With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of GelStat could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
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Innovation Holding Inc.'s Target Acquisition PharmaSpritz Corporation Announces Appointment of Media Options Inc. TORONTO -- (MARKET WIRE) -- August 30, 2006 -- Innovation Holding Inc.'s (PINKSHEETS: IVHN) target acquisition, PharmaSpritz Corporation of Delaware, the manufacturer of SlimSpritz (www.slimspritz.com) weight control spray, Compozure anti-stress oral spray and Spritzzz nighttime sleep aid, is pleased to announce the appointment of Media Options Inc. of New York and its sales and syndication subsidiary Media Ops of New York, as the creative and media placement agencies for all of PharmaSpritz Corporation's consumer products.
Media Options Inc. (www.mediaoptionsinc.biz) is a full-service media-centric marketing, branding and creative company which along with Media Ops, will be responsible for the development of all the creative advertising executions for the PharmaSpritz stable of products as well as the placement of those advertisements in a variety of electronic media across the United States.
Steven Burke, President of PharmaSpritz Corporation, developed the concept of incorporating medicinal herbal ingredients into self-regulating aerosol spray products. Mr. Burke has over 30 years experience in the consumer product marketing business, in retail distribution and in direct marketing. In addition, Mr. Burke introduced the first powdered meal replacement for weight loss, NutriSlim, to the Canadian marketplace in 1980.
The Company will rely on Mr. Burke and his management team's expertise to deliver SlimSpritz, Compozure and Spritzzz to the marketplace with the guidance of Media Options Inc. and its senior staff of professionals. The initial marketing thrust will be through direct response marketing on the web, via traditional print based Direct Response and ultimately through electronic media including television and radio. The comprehensive business plan calls for national retail (in store) roll outs by the end of each product's first year of distribution.
For more information please call Rhonda Windsor at 905-898-2646 or contact insight*rogers.com
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Innovation Holdings Inc. (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; and (iii) competitive factors and developments beyond the Company's control.
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Tyler Announces Completion of the Sale of Its Weedy Lake Property Interest for $1,000,000 CDN and Warrants 8/30/2006
CALGARY, ALBERTA, Aug 30, 2006 (CCNMatthews via COMTEX News Network) -- Tyler Resources Inc. (TSX VENTURE:TYS) ("Tyler") is pleased to announce that it has completed the sale of its 50.1% interest in the Weedy Lake property in Saskatchewan to Golden Band Resources Inc. ("Golden Band").
Total consideration for the sale of Tyler's interest consisted of $1,000,000 CDN, as well as 500,000 common share purchase warrants, with each warrant exercisable to acquire one common share of Golden Band at a price of $0.55 per share until August 29, 2008. The warrants ensure that Tyler will be in a position to realize further value from this sale as Golden Band pursues its objective of consolidating its La Ronge Gold belt properties and advancing exploration towards the development of its strategic portfolio of gold deposits in Saskatchewan.
The disposition of this non-core asset is part of Tyler's 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"
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Unicorp Announces It Has Begun Operations in Preparation for Drilling Its Mississippi Oil Prospect with Potential Reserves of 130,000 Barrels of Oil 8/30/2006
HOUSTON, Aug 30, 2006 (BUSINESS WIRE) -- Unicorp, Inc. (OTCBB:UCPI) announced today that it has begun operations in preparation for the drilling of its prospect located in Greene County, Mississippi. Drilling is expected to commence within the next two weeks and the well will be drilled to a depth of approximately 6,800 feet to test the Upper Tuscaloosa formation. Unicorp will be the designated operator of the project and has approximately a 60% working interest and a 46.8% net revenue interest.
The Lee Walley Well No. 1 was drilled and plugged and abandoned in 1983. The electric log indicated an apparent oil pay at the top of the Tuscaloosa formation which was confirmed by sidewall cores which indicated a good show of oil. The well lies between the North Sand Hill field to the north and the Flat Branch Field to the south. 80 acres have been leased around the prospect. The Unicorp well will be located approximately 75 feet from the Lee Walley Well No. 1.
Based upon cumulative production figures of similar wells in the North Sand Hill Field and the Flat Branch Field, it is estimated that the Unicorp well could have 130,000 barrels of oil reserves which equates to $9,100,000 in gross production at today's price of $70 per barrel. There is no guarantee that this well will be successful or that these numbers will be achieved due to production and/or price fluctuations. Unicorp's net revenue interest would equate to 46.8% of the gross production.
"If this initial test well is successful we anticipate there to be several other drilling locations in this area," stated Arthur Ley, COO of Unicorp. "Mississippi has not been our core focus but we believe that this represents a low risk opportunity and will continue to seek out other prospects that meet our risk profile."
About Unicorp
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Delta Oil & Gas Successfully Completes Second Well in Sacramento Basin; Production to Commence Shortly SEATTLE, WA -- (MARKET WIRE) -- August 30, 2006 -- Delta Oil & Gas, Inc. (OTCBB: DOIG) is pleased to announce that drilling of its second well (the "CC-7-2") on its Cache Slough property has now reached total depth and the operator of the well has elected to complete the well based on initial testing. Construction of a pipeline is ongoing with an expected completion date before the end of September 2006. Once this pipeline is completed, both our CC-7-1 and CC-7-2 wells will be tied in to accommodate natural gas production.
Drilling commenced on the first well at Cache Slough (the "CC-7-1") in September 2005 and reached total depth in October 2005. Review of the logs indicated the potential of a new gas discovery and the operator of the well elected to complete the well for testing. The completion and preliminary testing of the well was completed in November 2005 and Delta and its partners in this well elected to tie the well into a nearby pipeline to accommodate potential gas production.
In June 2006 the Department of Water Resources approved our application and gave us a permit to bore underneath a Reclamation Board levee in order to connect our well to a nearby gas sales pipeline. This was the last permit required before we commence construction of the pipeline for the well. The operator is currently in contact with contractors regarding construction of the pipeline which is expected to commence in the immediate future.
The Cache Slough area, covering approximately 825 acres of land, is a prolific natural gas area northeast of Sacramento, California. The property is located next to and partially on one of the largest gas fields in the State of California, the 3.5 trillion cubic feet ("Tcf") Rio Vista gas field. Pipelines located near and within the project area make it relatively easy to transport and sell the natural gas.
Delta Oil & Gas has earned a 12.5% economic interest in both wells. A proposal for the drilling of a third well in this area is expected from the operator within the next 90 days.
About Delta Oil & Gas
Delta Oil & Gas is a growing exploration company focused on developing North American oil and natural gas reserves. The Company's current focus is on the exploration of its land portfolio comprised of working interests in highly prospective acreage in the Southern Alberta Foothills area, its interest in the Cache Slough Project in California, its interest in the Strachan Prospect, its interest in its Mississippi prospect, its newest interest in a horizontal oil well in Saskatchewan and its newest interest in the Owl Creek Prospect in Oklahoma. Delta Oil & Gas is seeking to expand its portfolio to include additional interests in Canada and the USA.
On behalf of the Board of Directors,
DOUGLAS N. BOLEN, B.A., LL.B., President
Safe Harbor Statement
This news release includes statements about expected future events and/or results that are forward looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to time frames, expectations for completion, the analysis of results and the intention to drill. Actual outcomes and the Company's results could differ materially from those in such forward-looking statements. Factors that could cause results to differ materially include general factors that affect all companies that explore for oil and gas, such as the uncertainty of the requirements demanded by environmental agencies, the fact that oil and gas extraction and production is risky, the potential that no commercial quantities of gas are found or recoverable, the price of oil and gas, geological problems that prevent us from reaching drilling targets and specific risks such as the Company's ability to raise financing.
Distributed by Filing Services Canada and retransmitted by Market Wire
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Littlefield Corporation Announces Settlement of Collins Litigation 8/30/2006
AUSTIN, Texas, Aug 30, 2006 (BUSINESS WIRE) -- Littlefield Corporation (OTCBB:LTFD) announces that it has settled the Collins litigation. Littlefield will pay to Collins a total of $2,175,000 with an initial payment of $1,025,000 together with 46 monthly payments of $25,000.
This settlement will require an addition to the Company's reserves for legal expenses of approximately $185,000. This expense will be recognized during Q3-2006.
The Collins matter relates to events which took place during the mid-1990s pertaining to video poker. The Company is no longer engaged in video poker in South Carolina and no member of the Company's then senior management or any employee who was in a decision-making capacity is currently employed by the Company. No member of the current senior management was employed by the Company at that time.
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THIS PR WAS BEFORE THE BELL ON WEDNESDAY, BUT MAY NOT HAVE BEEN NOTICED, SO I AM INCLUDING IT...
************************************************** Solitaire Minerals Corp. Commences Geochemical sampling Program at Riou Lake, Athabasca Basin VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- August 30, 2006 -- Solitaire Minerals Corp. (TSX VENTURE: SLT)(PINK SHEETS: SREMF) (the Company) have commenced a comprehensive geochemical sampling program on its Riou Lake property located in the Athabasca Basin of northern Saskatchewan. This program will primarily test for surface evidence of alteration which may be related to uranium mineralization at depth.
Two areas in particular are being targeted:
The first is a seven-kilometer-long section of a prominent escarpment believed to represent a major fault offsetting the Athabasca formations. Outcrop is plentiful along this feature for bedrock sampling. Lines of soil and rock sampling will be run perpendicular to this structure as well.
The second target area is over "Anomaly A", a zone of low resistivity in the sandstone interpreted from the airborne Megatem survey which could represent an alteration halo over mineralization on the unconformity below it.
In addition to the two primary goals, core from a previously drilled diamond drill hole will be geochemically sampled.
This program will be under the general supervision of Jim Kermeen, M.Sc., P.Eng. who is the Qualified Person for this release.
Steven Earle, Ph.D., P.Geol., a geochemist with many years of experience exploring for uranium in the Athabasca Basin with Cameco and its predecessor SMDC, has been retained to design the geochemical program. Dr. Earle is the co-author of a number of papers relating to the alteration halos around Athabasca unconformity-related uranium deposits.
Conventional atomic absorption analytically techniques will be used to assay the surface samples. Also a relatively new method which will test for minute quantities of Soil Gas Hydrocarbons (SGH) has shown promise in the detection of deposits at greater depths than with conventional techniques will be used.
About Solitaire Minerals Corp.
Solitaire Minerals Corp. (TSX VENTURE: SLT) is a diversified junior Canadian mineral exploration company with a specific focus on mineral properties in North America. The Company has assembled a portfolio of precious and base metal exploration prospects in Ontario, Saskatchewan, Alberta, and the North West Territories. Solitaire's Ontario properties in the Red Lake/Birch-Uchi Greenstone Belt include the Baird, Heyson and Chukuni River Prospects, in which the Company has agreements to earn 100% in, but has not yet vested its interest. In addition, the Company has entered into an option agreement with another company, whereby that company may earn up to a 50% interest in the Baird Property. The Company also has an option to earn 100% in the Lateral Lake West property located in the Webb township of Ontario. In Saskatchewan, the Company has signed a purchase agreement to acquire a 100% interest in the Highrock Lake property and a 90% interest in the Riou Lake Property located in the Athabasca Basin. The Company has also acquired the Riou Lake North and South properties in which the company has 100% interest. In Alberta, the Company has purchased the Ravenscrag property in which the Company has 100% interest. In the North West Territories, the Company has purchased the Mystery Island IOCG Property located in the Great Bear Lake area in which the Company has 100% interest.
On Behalf of the Board of Directors
SOLITAIRE MINERALS CORP.
Charles Desjardins, President and Director
Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Solitaire Minerals Corp. Charles Desjardins President and Director (604) 683-5445 (604) 687-9631 (FAX) info*solitaireminerals.com www.solitaireminerals.com
SOURCE: Solitaire Minerals Corp.
-------------------- Study before you buy, Sell before you think about it....
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C2 Global Technologies Inc. Granted Patent in Hong Kong 8/30/2006
TORONTO, ONTARIO, Aug 30, 2006 (MARKET WIRE via COMTEX News Network) -- C2 Global Technologies Inc. ("C2" or the "Company", formerly Acceris Communications Inc.) (OTCBB: COBT) today announced that it has been granted Hong Kong Patent No. HK1018372 by the Intellectual Property Department of The Hong Kong Special Administrative Region for its patent entitled "Method and Apparatus for Implementing a Computer Network/Internet Telephone System". This patent, effective through October 29, 2016, is equivalent to C2's U.S. Patent No. 6,243,373.
About C2 Global Technologies Inc.
C2's business is focused on licensing its patents, which include two foundational patents in VoIP technology. C2 plans to realize value from its intellectual property by offering licenses to service providers, equipment companies and end-users that are deploying VoIP networks for phone-to-phone communications. For further information, please visit C2's website at www.c-2technologies.com.
Forward-Looking Statements
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NeoMedia Terminates Agreement to Acquire HipCricket FORT MYERS, Fla.--(BUSINESS WIRE)--Aug. 30, 2006--NeoMedia Technologies, Inc. (OTC BB: NEOM), an innovator in wireless services and patented technologies that provide automatic links to content on the Mobile Internet, said today that it has terminated its agreement to acquire HipCricket, Inc., of Essex, Connecticut, a provider of custom mobile marketing solutions to broadcasters and brand marketers.
Charles T. Jensen, president and CEO of NeoMedia, said his company terminated the non-binding Letter of Intent on Thursday, August 24, 2006. Mr. Jensen said NeoMedia and HipCricket were at an impasse and unable to agree to material terms originally set forth in the LOI, signed February 9, 2006.
Mr. Jensen also said that two loans by NeoMedia to HipCricket totaling $500,000, plus any and all interest accrued, is payable to NeoMedia within 90 days from the termination of the LOI.
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com), is a diversified global company offering leading edge, technologically advanced products and solutions for companies and consumers, built upon its solid family of patented products and processes, and management experience and expertise. Its NeoMedia Mobile group of companies offer end-to-end mobile enterprise and mobile marketing solutions, through its flagship qode(R) direct-to-mobile-web technology and ground-breaking products and services from four of the USA's and Europe's leading mobile marketing providers. By linking consumers and companies to the interactive electronic world, NeoMedia delivers one-to-one, permission-based, personalized and profiled dialogue--anytime and anywhere.
The qode suite of easy-to-use, market-driven products and applications are based on a strong foundation of patented technology, comprising the qode (www.qode.com) platform, qode(R)reader and qode(R)window, all of which provide One Click to Content(TM) connectivity for products, print, packaging and other physical objects to link directly to specific desired content on the mobile Internet.
NeoMedia's recently acquired companies and offerings include 12snap AG (www.12snap.com), a Munich, Germany-based award-winning leader in mobile marketing and entertainment applications; Mobot, Inc. (www.Mobot.com), a Lexington, Massachusetts-based pioneer in mobile visual recognition technology; Sponge Ltd. (www.spongegroup.com), a London, UK-based leader in developing and implementing mobile marketing applications and content delivery; and Gavitec AG - mobile digit (www.gavitec.com), a Wurselen, Germany-based leading provider of mobile technology and marketing solutions.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
Qode is a registered trademark, and qodereader, qodewindow and One Click to Content are trademarks of NeoMedia Technologies, Inc. Other trademarks are properties of their respective owners.
Contacts NeoMedia Technologies, Inc. Charles T. Jensen, 239-337-3434 cjensen*neom.com or The Kaminer Group David A. Kaminer, 914-684-1934 dkaminer*kamgrp.com
[ August 30, 2006, 17:29: Message edited by: SherriT ]
-------------------- Study before you buy, Sell before you think about it....
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Open Energy Corp. (OTCBB: OEGY), a renewable energy company focused on the design and manufacturing of solar energy products, today announced the appointment of Mark Bettis to the position of Western Regional Sales Manager. Mr. Bettis brings to Open Energy a strong background in solar energy sales. He spent the past four years working with Schott Solar, where he held the consecutive roles of national channel sales manager and regional sales manager. "Mark has significant experience working with photovoltaics on both the residential and commercial side of the business and has worked with many solar dealers and integrators nationwide," commented David Saltman, President and CEO of Open Energy. "We expect his understanding of the solar energy marketplace to have a positive impact on our sales and we look forward to his contribution to the Open Energy team." Mr. Bettis received his MBA from San Francisco State University and is a LEED (Leadership in Energy and Environmental Design) Accredited Green Building Professional.
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AND THE SECOND FOR NEOM... - .15 (sorry, wrong board)
NeoMedia Secures $5 Million in Financing FORT MYERS, Fla.--(BUSINESS WIRE)--Aug. 30, 2006--NeoMedia Technologies, Inc. (OTC BB: NEOM), an innovator in market-driven technologies, announced today that it has secured $5 million in financing through the sale of a secured convertible debenture to Cornell Capital Partners, LP.
David Dodge, vice president and CFO of NeoMedia, said the $5 million was originally due upon registration of shares underlying the previous $27 million convertible preferred agreement, but was moved forward and changed from a convertible preferred stock sale to a convertible debenture by both parties. The debenture bears an interest at a rate of 10% per annum, is convertible at Cornell's option into shares of NeoMedia common stock at a price equal to 90% of the lowest closing bid price for the 30 days prior to conversion, and matures three years from issuance.
Mr. Dodge also said that, in connection with the $5 million secured convertible debenture, NeoMedia and Cornell entered into a Pledge and Security Agreement, pursuant to which NeoMedia pledged all of its assets as security for the convertible debenture. In addition, he said that NeoMedia issued 125 million warrants to purchase shares of common stock to Cornell with exercise prices between $0.05 and $0.25 per share, and repriced an additional 85 million warrants previously issued to Cornell with exercise prices ranging from $0.25 to $0.50 to new exercise prices between $0.10 and $0.15.
With this tranche of the funding agreement completed, Mr. Dodge said NeoMedia can receive up to an additional $36 million from Cornell upon exercise of all warrants issued or repriced under this arrangement, if and when the stock price is high enough for the warrants to be exercised.
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com), is a diversified global company offering leading edge, technologically advanced products and solutions for companies and consumers, built upon its solid family of patented products and processes, and management experience and expertise. Its NeoMedia Mobile group of companies offer end-to-end mobile enterprise and mobile marketing solutions through its flagship qode(R) direct-to-mobile-web technology and ground-breaking products and services from four of the leading mobile marketing providers in the U.S. and Europe. By linking consumers and companies to the interactive electronic world, NeoMedia delivers one-to-one, permission-based, personalized and profiled dialogue - anytime and anywhere.
The qode suite of easy-to-use, market-driven products and applications are based on a strong foundation of patented technology, comprising the qode (www.qode.com) platform, qode(R)reader and qode(R)window, all of which provide One Click to Content(TM) connectivity for products, print, packaging and other physical objects to link directly to specific desired content on the mobile Internet.
NeoMedia's recently acquired companies and offerings include 12snap AG (www.12snap.com), a Munich, Germany-based award-winning leader in mobile marketing and entertainment applications; Mobot, Inc. (www.Mobot.com), a Lexington, Massachusetts-based pioneer in mobile visual recognition technology; Sponge Ltd. (www.spongegroup.com), a London, UK-based leader in developing and implementing mobile marketing applications and content delivery; and Gavitec AG - mobile digit (www.gavitec.com), a Wurselen, Germany-based leading provider of mobile technology and marketing solutions.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
qode is a registered trademark, and qodereader, qodewindow and One Click to Content are trademarks of NeoMedia Technologies, Inc.
Contacts NeoMedia Technologies, Inc. David Dodge, 239-337-3434 ddodge*neom.com or The Kaminer Group David A. Kaminer, 914-684-1934 dkaminer*kamgrp.com
[ August 30, 2006, 17:29: Message edited by: SherriT ]
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August 30, 2006 03:03 PM US Central Timezone Akeena Solar Receives Approval for Quotation on the OTC BB LOS GATOS, Calif.--(BUSINESS WIRE)--Aug. 30, 2006--Akeena Solar, Inc. (OTCBB:AKNS):
- Expects to Commence Trading on August 31st under the Ticker Symbol AKNS.OB
- Reports Second Quarter 2006 Financial Results
- Schedules Earnings Conference Call for September 7, 2006
Akeena Solar, Inc. (OTCBB:AKNS), a leading designer and installer of solar power systems, today announced the company's shares are approved for quotation on the NASD's Over-the-Counter Bulletin Board (OTC BB). Akeena Solar's common stock will be quoted on the OTC BB under the ticker symbol AKNS.OB on August 31, 2006.
Barry Cinnamon, president and CEO of Akeena Solar, stated, "We believe producing clean electricity directly from the sun is the right thing to do for our environment and our economy. Now, as a public company, we are looking forward to the value we can create for our shareholders. Already in 2006, we demonstrated strong growth, with revenue for the first half of 2006 reaching $5.3 million, almost double the $2.6 million in revenue from the first half of 2005. This month, in conjunction with becoming a public company, we raised $2.5 million in gross proceeds, which we intend to use for research and development, as well as general working capital purposes."
"Akeena Solar has built a stellar reputation serving the residential and small commercial markets based on our knowledgeable team, quality solar power system installations, and superior customer service. Our goal is to leverage Akeena Solar's existing infrastructure to broaden our presence in both existing and new territories. We believe we are well-positioned for growth as solar power interest is increasing rapidly. According to Solarbuzz, 2005 global solar market revenue was estimated at $10 billion and is expected to grow to $19 billion by 2010. Additionally, our target markets - residential and small commercial - are projected to comprise the largest segments of this growth in the U.S."
Financial Results for the Three and Six Months Ending June 30, 2006 (unaudited)
Net sales for the second quarter of 2006 were $2.8 million, an increase of 13 percent compared to net sales of $2.5 million in the first quarter of 2006, and an increase of 105 percent compared to $1.4 million in net sales in the same quarter last year. Gross profit for the second quarter was $715,000, or 25 percent of sales, compared to $568,000, or 23 percent of sales, last quarter, and $199,000, or 14 percent of sales, from the same quarter last year. The company reported a net loss of $248,000, or $0.03 per share, for the second quarter. This compares with a net income of $19,630, or $0.00 per share, in the first quarter 2006, and a net loss of $200,000, or $0.02 per share, in the second quarter 2005.
For the six months ended June 30, 2006, the company reported net sales of $5.3 million and gross profit of $1.3 million, or 24 percent of sales. This compares to net sales of $2.6 million and gross profit of $438,000, or 17 percent of sales, for the same period last year. The company reported a net loss of $228,000, or $0.03 per share, for the first half of 2006, compared to a net loss of $256,000, or $0.03 per share, in the first half of 2005.
Private Placement and Reverse Merger
On August 15, 2006, Akeena Solar completed a reverse merger transaction with Fairview Energy Corporation with the remaining public entity being Akeena Solar, Inc. In connection with the merger, the company also closed a $2.5 million private placement, which consisted of 2.5 million shares of its common stock at $1.00 per share. Westminster Securities Corp. was the placement agent for the offering.
Under the terms of the merger, 3,877,477 shares of Fairview Energy common stock were cancelled, leaving 3,656,488 shares of common stock outstanding before giving effect to the stock issuances in the merger and private placement. These 3,656,488 shares represent the only shares of Akeena Solar common stock that are currently eligible for resale into the market. Details of the transaction can be found in the company's Form 8-K filed on August 11, 2006 at www.sec.gov.
Conference Call Information
Akeena Solar will host an earnings conference call at 11 a.m. Pacific Time on Thursday, September 7, 2006 to discuss its second quarter 2006 earnings results. Barry Cinnamon, president and CEO, and Lad Wallace, CFO, will discuss strategy, review quarterly activity, provide industry commentary, and answer questions.
The call is being webcast and can be accessed from the "Investor Relations" section of the company's website at www.akeena.net. If you do not have Internet access, please dial 1-800-798-2884 in the U.S. International callers should dial 1-617-614-6207. If you are unable to participate in the call at this time, the webcast will be archived on the company's website. In addition, a telephonic replay will be available for four business days, beginning two hours after the call. To listen to the replay, in the U.S., please dial 1-888-286-8010. International callers should dial 617-801-6888. The pass code is 97071476.
Any additional or updated material, non-public information that might be discussed during the call will be provided on the company's website at www.akeena.net shortly after the call and will be accessible for at least twelve months.
About Akeena Solar, Inc.
Founded in 2001, Akeena Solar's philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national integrators of residential and small commercial solar power systems in the United States, serving customers directly in California, New Jersey, New York, Connecticut and Pennsylvania. For more information, visit Akeena Solar's website at www.akeena.net
Safe Harbor
Statements made in this release that are not historical in nature constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "expects," "plans" "will," "may," "anticipates," believes," "should," "intends," "estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, the effectiveness, profitability, and marketability of such products, the ability to protect proprietary information, the impact of current, pending, or future legislation and regulation on the industry, the impact of competitive products or pricing, technological changes, the effect of general economic and business conditions. All forward-looking statements included in this release are made as of the date of this press release, and Akeena Solar assumes no obligation to update any such forward-looking statements.
Contacts Akeena Solar, Inc. Barry Cinnamon, 888-253-3628 bcinnamon*akeena.net or Lippert / Heilshorn & Associates Kirsten Chapman or Samantha Lee, 415-433-3777 (Investor Relations) samantha*lhai-sf.com
-------------------- Study before you buy, Sell before you think about it....
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August 30, 2006 04:07 PM US Central Timezone Lynch Interactive Announces Second Quarter Earnings RYE, N.Y.--(BUSINESS WIRE)--Aug. 30, 2006--Lynch Interactive Corporation (Pink Sheets(R): LICT) announced today its second quarter earnings results (see the attached summary).
SECOND QUARTER RESULTS
During the second quarter of 2006, bolstered by the inclusion of Cal-Ore Telephone Company which was acquired on August 29, 2005 and contributed $1.7 million to second quarter revenue, our revenues were $24.7 million, as compared to $22.5 million in the second quarter of 2005. EBITDA (earnings before interest, taxes, depreciation and amortization) generated by our operating subsidiaries was $12.1 million during the quarter as compared to $11.0 million generated last year. In addition to the inclusion of Cal-Ore adding $0.9 million, Central Utah's EBITDA showed marked improvement, due to heavy short-term interstate traffic and the anticipated better margins from its CATV operation. Offsetting this improvement were scheduled regulated EBIDTA declines in Michigan and New York. Corporate office expenses, other than those associated with litigation, were $0.7 million as compared to $0.6 million last year. Generally, our operating subsidiaries are in the process of developing and launching several wireless and wireline opportunities which will provide an excellent complement to our strong RLEC base and continue to provide the communities that we serve with the telecommunication and data transport tools necessary to compete. Please note that a more detailed report, with explanatory footnotes, can be found on our website (www.lynchinteractivecorp.com).
In July 2006, the Company reached a settlement in the Federal False Claims Act case, and recorded $26 million of litigation and settlement related costs in the second quarter. Other than certain legal fees and other miscellaneous expenses which we have not been able to currently estimate, the June 30, 2006 financials should include all cost and expenses associated with this litigation.
In addition, during the quarter the Company recorded investment gains of $10.5 million from the liquidation of the Rural Telephone Bank.
OUTLOOK FOR SECOND HALF
It is the Company's current expectation that Full Year Revenues will be about $98 million, and full Year EBITDA from our operating subsidiaries will be about $47 million as compared to 2005 revenues and EBITDA of $93.7 million and $45.8 million respectively. Capital expenditures in 2006 are expected to be approximately $13 million.
BALANCE SHEET/CASH FLOW/CAPITAL STRUCTURE
At June 30, 2006, the Company had approximately $46 million in cash and $184 million in total debt. Due to numerous debt covenants and other restrictions, the Company does not have direct access to the majority of this cash which is held in various subsidiary companies. On a pro forma basis, including the July 2006 funding of the litigation settlement the Company had $41 million in cash and $204 million in total debt.
MANAGEMENT CHANGE
In April of this year, Robert E. Dolan assumed the role of Chief Executive Officer, on an interim basis when John Barnicle left. Mario J. Gabelli remains as Chairman.
SARBANES-OXLEY AND GOING PRIVATE
In November 2005, the Company completed a reverse stock split which ultimately allowed the Company to eliminate the financial reporting requirements required by the Securities and Exchange Commission, and significant costs associated with compliance with Sarbanes-Oxley. Since that time the Company has continued to provide the Company's shareholders with updated financial and other developments of the Company.
SETTLEMENT REGARDS TO THE GOVERNMENT
In July, the Company, along with the other defendants, reached a settlement with the United States Government and Mr. Taylor regarding the False Claims Act litigation, which is described in detail in our Annual Reports. The Company's share of the settlement was approximately $35 million, of which approximately $26 million is being expensed in the second quarter of 2006, the remaining having been expensed in previous periods.
To fund the final payments associated with this litigation, the Company's Line of Credit was expanded from $10 to $30 million. The expansion was supported by a Letter of Credit by our Chairman. The total Line of Credit expires on December 15, 2006. The Company is currently working toward reducing this Line, as soon as possible, and having replacement financing in place prior to the due date. The replacement will most likely be expansion of debt facilities at the subsidiary level, replacement of the current facility at the corporate office, sale of certain of the Company's assets, and/or other financing arrangements including an equity type offering, possibly through a rights offering.
MONETIZATION OF ASSETS AND SPINCO
As announced recently, the Company is in the process of evaluating and retaining an investment banker to help us formulate a strategic and financial plan to maximize shareholder value and provide a strong financial platform to fund these growth objectives. The Company anticipates that as part of this plan, it will continue to repurchase shares of our common stock in the open market, subject to regulatory and financial constraints, and develop plans to harvest some assets and distribute others to our shareholders.
This release contains certain forward-looking information 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, including without limitation, full year revenue and EBITDA expectations, the costs of settlement of the False Claims Act litigation and pro forma cash and debt and other financing and corporate transactions. It should be recognized that such information is based upon certain assumptions, projections and forecasts, including without limitation business conditions and financial markets, regulatory and other approvals, and the cautionary statements set forth in documents filed by Interactive on its website, www.lynchinteractivecorp.com. As a result, there can be no assurance that any possible transactions will be accomplished or be successful or that financial targets will be met, and such information is subject to uncertainties, risks and inaccuracies, which could be material.
Lynch Interactive Corporation is a holding company with subsidiaries in telecommunications and multimedia, and actively seeks acquisitions, principally in its existing business areas.
Lynch Interactive Corporation Statements of Operations and Selected Balance Sheet Data Unaudited (In Thousands, Except Per Share Data)
STATEMENTS OF OPERATIONS Three Months Ended June 30, Percent ------------------ Increase 2006 2005 (Decrease) -----------------------------
Revenues $24,667 $22,471 9.8%
Cost and Expenses: Cost of service and sales 8,865 8,095 Selling, general and administration 3,675 3,343 Corporate office expense 765 1,135 False Claims Act litigation and settlement 26,443 1,607 Depreciation and amortization 5,629 5,346 ------------------ Operating profit, in accordance with generally accepted accounting principles (20,710) 2,945 (803.2%)
Other Income (Expense) Investment income 493 191 Interest expense (3,599) (2,950) Equity in earnings of affiliated companies 900 841 Gains on sale of investments and marketable securities 10,527 - ------------------ 8,321 (1,918) ------------------ Income (Loss) Before Income Taxes Minority Interests (12,389) 1,027 (Provision) Benefit For Income Taxes 3,841 (330) Minority Interests (388) (484) ------------------ Net Income (Loss) ($8,936) $213 ==================
Weighted Average Shares Used In Earnings Per Share Computations 25,389 27,523
Basic and Diluted Earnings Per Share ($351.97) $7.74
----------------------------------------------------------- Excluding False Claims litigation and settlement and gains on investments Operating profit 5,733 4,552 Net income 1,990 1,274 Earnings per share 78.37 46.28 -----------------------------------------------------------
Adjusted Operating Profit - see Attachment A Operating Subsidiaries $12,127 $11,033 9.9% Corporate Office Expense (765) (1,135) ------------------ Adjusted Operating Profit - excluding litigation below) 11,362 9,898 14.8% False Claims Act litigation and settlement (26,443) (1,607) ------------------ Total Adjusted Operating Profit (15,081) 8,291 -281.9% Depreciation and amortization (5,629) (5,346) ------------------ Operating profit, in accordance with generally accepted accounting principles ($20,710) $2,945 ==================
Capital Expenditures $3,701 $2,290
Six Months Ended June 30, Percent ------------------ Increase 2006 2005 (Decrease) -----------------------------
Revenues $49,755 $44,089 12.9%
Cost and Expenses: Cost of service and sales 17,333 15,746 Selling, general and administration 7,577 6,766 Corporate office expense 1,680 2,026 False Claims Act litigation and settlement 27,596 2,808 Depreciation and amortization 11,361 10,541 ------------------ Operating profit, in accordance with generally accepted accounting principles (15,792) 6,202 (354.6%)
Other Income (Expense) Investment income 1,392 984 Interest expense (7,131) (5,772) Equity in earnings of affiliated companies 1,792 1,552 Gains on sale of investments and marketable securities 12,353 - ------------------ 8,406 (3,236) ------------------ Income (Loss) Before Income Taxes Minority Interests (7,386) 2,966 (Provision) Benefit For Income Taxes 2,023 (1,097) Minority Interests (760) (961) ------------------ Net Income (Loss) ($6,123) $908 ==================
Weighted Average Shares Used In Earnings Per Share Computations 25,519 27,531
Basic and Diluted Earnings Per Share ($239.94) $32.98
----------------------------------------------------------- Excluding False Claims litigation and settlement and gains on investments Operating profit 11,804 9,010 Net income 4,432 2,761 Earnings per share 173.66 100.30 -----------------------------------------------------------
Adjusted Operating Profit - see Attachment A Operating Subsidiaries $24,845 $21,577 15.1% Corporate Office Expense (1,680) (2,026) ------------------ Adjusted Operating Profit - excluding litigation below) 23,165 19,551 18.5% False Claims Act litigation and settlement (27,596) (2,808) ------------------ Total Adjusted Operating Profit (4,431) 16,743 -126.5% Depreciation and amortization (11,361) (10,541) ------------------ Operating profit, in accordance with generally accepted accounting principles ($15,792) $6,202 ==================
Capital Expenditures $5,893 $4,205
SELECTED BALANCE SHEET DATA June 30, June 30, Dec. 31, 2006 2005 2005 -------- -------- -------- Cash and Cash Equivalents $46,453 $27,741 $32,001
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August 30, 2006 04:00 PM US Central Timezone 1st Century Bank, N.A. Announces Key Management Appointments LOS ANGELES--(BUSINESS WIRE)--Aug. 30, 2006--1st Century Bank, N.A. ("1st Century") (OTCBB:FCNA) announced today that the Bank has appointed Donn Jakosky Executive Vice President and Chief Credit Officer and Muna Issa Senior Vice President and Operations Manager. Mr. Jakosky brings over 29 years of banking experience, most recently as the Senior Credit Administrator with Mellon 1st Business Bank. Ms. Issa brings over 24 years of experience in Operations Administration, most recently with National Mercantile Bancorp. Both senior officers shall be based in 1st Century's headquarters office in Century City.
"We are excited to welcome Donn and Muna to our team," said Alan I. Rothenberg, Chairman. "The experience and knowledge they each bring to the Bank will be important as we continue to grow and reach new levels of success."
1st Century is a full service bank headquartered in the Century City area of Los Angeles, California. 1st Century's primary focus is relationship banking to family owned and closely held middle market businesses, professional service firms and high net worth individuals, real estate investors and entrepreneurs. Additional information is available at www.1stcenturybank.com.
FORWARD LOOKING STATEMENTS
Certain matters discussed in this letter constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward looking statements relate to 1st Century's current expectations regarding deposit and loan growth, operating results and the strength of the local economy. These forward looking statements are subject to certain risks and uncertainties that could cause the actual results, performance or achievements to differ materially from those expressed, suggested or implied by the forward looking statements. These risks and uncertainties include, but are not limited to: (1) the impact of changes in interest rates, a decline in economic conditions and increased competition among financial service providers on 1st Century's operating results, ability to attract deposit and loan customers and the quality of 1st Century's earning assets; (2) government regulation; and (3) the other risks set forth in 1st Century's reports filed with the Office of the Comptroller of the Currency, including its Annual Report on Form 10-KSB for the year ended December 31, 2005. 1st Century does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements.
Contacts 1st Century Bank, N.A. Richard S. Cupp, (310) 270-9502 Fax: (310) 270-9520 Jeffrey M. Watson, (310) 270-9550 Fax: (310) 270-9520
-------------------- Study before you buy, Sell before you think about it....
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DJ Imation: Exabyte Note Restructuring Won't Affect Results
DOW JONES NEWSWIRES
Data-storage company Imation Corp. (IMN) said restructuring agreements concerning its holdings of Exabyte Corp. (EXBY) convertible notes won't materially affect Imation's financial results.
Tandberg Data ASA (TAA.OS) recently agreed to acquire Exabyte Corp. for $28 million, and as part of the deal, required Exabyte to restructure the notes, which are also held by Hitachi Ltd. (HIT) and Solectron Corp. (SLR).
According to Exabyte, the restructuring would reduce amounts currently due under various debt instruments, and require that new or restructured notes be issued, payable in certain circumstances, as well as the waiver of any existing and future events of default.
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SaVi Media Group Recruits Top Executive as New CEO 8/30/2006
ANAHEIM, CA, Aug 30, 2006 (MARKET WIRE via COMTEX News Network) -- SaVi Media Group, Inc. (OTCBB: SVMI) is pleased to announce that it has hired Greg Sweeney as its new Chief Executive Officer. Greg Sweeney has an extensive background in executive management and he has been a successful leader in both the government and private sectors.
Mr. Sweeney was elected for three terms to serve as the mayor of Andrews, Texas. During his tenure, he maintained a balanced budget and increased surplus revenue by 25 million dollars. Mr. Sweeney served in the Air Force, where he was an integral member of the Aerospace & Medicine-Laser Research and Development Team. In addition to serving on multiple board of directors, he founded and was President of several companies, including Austin Equipment Co., Sweeney Oil Co. and Fossil Creek Production Co. Mr. Sweeney has also served as the Executive Director of Sales and Marketing for Railhead Underground Products LLC and the District Manager of Nolan Brunson Inc.
Mario Procopio, the prior CEO who will remain as the Chairman of the Board of Directors, remarked, "Greg Sweeney brings great expertise with his diverse background, strategic vision, and leadership skills. With Greg and Phil Scott, our new CFO, we have brought in an exciting and well qualified new management team to move the Company forward. I look forward to working with them and foresee a prosperous and bright future."
Greg Sweeney stated, "I am incredibly excited by what the future holds for SaVi Media Group and the opportunity to be on the ground floor of a company that can truly make this kind of significant difference for our environment. I have been impressed by Mr. Procopio's unique ability to bring together a talented group of executives and his vision for success. Together, we will work to position this Company into the forefront to reduce emission pollution. I am appreciative of this privilege and given position and look forward to working with him and the rest of the management team to help SaVi Media Group attain all its financial and operational goals."
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No offense meant, but this is kind of like nicoderm, just not the same, Juiccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccc cccccccccccccccccccccccccccccccccce?
-------------------- If ignorance is bliss, why aren't more people happy?
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L International Reveals PuRAMxpress Ultra High-Speed Storage Technology; World-Shattering Performance to Change the Arena of Desktop and Workstation Computing
BEVERLY HILLS, Calif., Aug 30, 2006 (BUSINESS WIRE) -- L International Computers Inc. "L" (Pink Sheets:LITL), a renowned manufacturer of high-performance computers and personal technology, today revealed a breakthrough high-speed storage technology to be standard on all L branded Desktop, Workstation and Server products. Based on its established PuRAM Solid State Drive Technologies, PuRAMxpress is an internal SATA-III Interface storage device capable of 3Gb/s data transfer rate with up to 16Gigs of size dedicated to store the entire contents of a user's Operating System and Program Files. A small form PCI-Express design without any mechanical elements of traditional hard disks, PuRAMxpress drives provide near instant access to any file with typical seek times of 5 to 10 microseconds and boasts native I/O performance by up to 100 times the values of current high-end disk drives and are self-backing-up and fault-safety devices that guarantee the ultimate data integrity
The new storage devices will be standard on all L Desktop, Workstation and Server products based on 64bit Operating systems such as Windows Vista Home and Business and 2003 Server Enterprise 64bit editions, and represent a new quantum leap performance class for professional, audio, video, 3D graphics, business and scientific environments.
Optionally configured with added internal or external PuRAM Mass Storage Arrays up to 4 terabytes in size, L's new Desktop, Workstation and Server machines can achieve real-world super-computing heights, unmatched by any other products on the market at strategic price/performance ratios that will redefine the "boxed" high-end computing worlds.
About L
Founded in 2002, L International Computers Inc. produces, markets and distributes high-performance, opulent PC/Windows(C) laptop, desktop, workstation and server computers. The Company also produces the largest and most spectacular personal & professional computer displays and ultra-high performance software, peripherals and technologies. L products is positioned by the mainstream market not as "the computers you need" but "the technology you love," and by the high-end luxury and professional markets as the absolute no contest highest performance/upper class hardware solutions provider at any price point. For more information, please visit http://www.go-l.com.
This press release may contain forward-looking statements which are pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ materially and all forward-looking statements involve risks and uncertainties, including, without limitation, risks associated with the Company's financial condition and prospects, risks associated with market acceptance and technological changes, risks associated with dependence on third-party software providers, risks relating to international operations, and risks associated with competition.
SOURCE: L International Computers Inc.
CONTACT: L International Computers Inc. Barry Reagh, 866-666-5172 investor*L-Computer.com
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Phase III Medical, Inc. (OTCBB:PHSM), pioneering Autologous Adult Stem Cell (ASC) collection and banking services for the general population for long term storage for multiple therapeutic uses, today announced that shareholders at the Company's Annual Meeting held on August 29, 2006 approved the change of the Company's name to NeoStem, Inc. and approved a reverse split of the Company's Common Stock at a ratio of one-for-ten shares.
The name change and reverse stock split will become effective on August 31, 2006. Also on August 31, 2006, the Company will begin trading under its new trading symbol: OTCBB:NEOI. Shareholders will receive a letter of transmittal from the Company instructing them on how to obtain a new stock certificate representing their shares on a post-split basis; this information will also be available on the Company's website: www.neostem.com.
Since acquiring NeoStem, Inc. in January 2006, the Company has focused its business on the commercial development of NeoStem's services of collecting, processing and storing adult stem cells for autologous use, where donor and recipient are the same - "Your Cells Your Use." Accordingly, the change of name better describes the Company's new business. Reasons for the reverse stock split, as stated in the Proxy Statement utilized in connection with the Annual Meeting, included (i) to raise the per share market price to facilitate future financing or to be able to use its capital stock in acquisitions, and (ii) to be able to consider a future Nasdaq or other listing for its shares.
In addition, at the Annual Meeting, the stockholders approved the re-election of four members to the Board of Directors (Robin L. Smith, MD, MBA; Mark Weinreb, Wayne Marasco, MD; and Joseph D. Zuckerman, MD), as well as other Company business described in the Proxy Statement. The stock holders approved the amendment to the 2003 EPP plan and the board has approved a resolution that options equaling no more than 10% of the fully diluted shares will be issued under the plan in any given year.
Dr. Robin L. Smith, the Company's CEO, said, "Over the past few months, we have positioned ourselves for growth. Our achievements have included licensing by the State of California Department of Health Services of our first peripheral-blood stem cell bank, located in Los Angeles; the hiring of Abner Mhashilkar, Ph.D. as Director of Stem Cell Banking and Clinical Applications and the closing of financings. Regenerative treatments using adult stem cell therapies for numerous diseases as well as radiation sickness and wound healing are developing rapidly as Americans and others focus on regenerative medicine. We are the first company to enable adults to preserve their own stem cells for multiple uses for treatment in the future. We are currently seeking to develop alliances with a wide range of medical institutions, physicians, and pharmaceutical companies to bring our collection services to people in all parts of the nation."
About NeoStem, Inc.
NeoStem, Inc., (OTCBB:NEOI) and formerly Phase III Medical, Inc. (OTCBB: PHSM), is an innovative, publicly traded company positioned to become a leader in the adult stem cell field and to capitalize on the increasing importance adult stem cells are expected to play in the future of regenerative medicine.
Using its proprietary process, NeoStem provides the infrastructure, methods and systems that allow adults to have their stem cells safely collected and conveniently banked for future therapeutic use, as needed, in the treatment of such life-threatening diseases as diabetes, heart disease and radiation sickness that may result from a bio-terrorist attack. Adult stem cell therapy has also been used for many years in treating blood cancer. Further potential uses include regenerative therapies for wound healing, autoimmune diseases such as multiple sclerosis and lupus, and age-related degenerative musculoskeletal diseases .
NeoStem uses the least invasive form of collection called apheresis, a well known safe procedure that extracts stem cells from an adult's peripheral blood. Once collected, NeoStem's storage process allows the cells to be cryo-preserved during an individual's lifetime for use when needed. The management, Board of Directors and Advisors of NeoStem collectively have significant technical, medical and scientific expertise as well as substantial experience in life science marketing and business development.
Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements concerning the Company's ability to develop the adult stem cell business, the future of regenerative medicine and the role of adult stem cells in that future, the future use of adult stem cells as a treatment option and the potential revenue growth of NeoStem's business. 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), or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. The Company' s ability to enter the adult stem cell arena and future operating results are dependent upon many factors, including but not limited to (i) the Company's ability to obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) the Company's ability to build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control;(iv) scientific and medical developments beyond the Company's control and (v) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission which are available for review at www.sec.gov under "Search for Company Filings."
Pursuant to a July 1, 2006 agreement, Consulting For Strategic Growth I, Ltd. ("CFSG1") provides the Company with consulting, business advisory, investor relations, public relations and corporate development services, for which CFSG1 receives a fixed monthly fee for the duration of the agreement. Independent of CFSG1's receipt of cash or other compensation from the Company, CFSG1 may choose to purchase the common stock of the Company and thereafter sell those shares at any time it deems appropriate to do so. For more information, please visit www.cfsg1.com.
SOURCE: Phase III Medical, Inc. and NeoStem, Inc.
Phase III Medical, Inc. Robin Smith, 212-581-5150 Fax: 212-581-5198 rsmith*neostem.com www.neostem.com or Consulting for Strategic Growth 1 Stanley Wunderlich/Daniel Stepanek 800-625-2236/ 212-896-1206 Fax: 212-337-8089 info*cfsg1.com dstepanek*cfsg1.com www.cfsg1.com Copyright Business Wire 2006
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NeoMedia Signs LOI to Sell Micro Paint Repair Business Unit 8/31/2006
FORT MYERS, Fla., Aug 31, 2006 (BUSINESS WIRE) -- NeoMedia Technologies, Inc. (OTC BB: NEOM), said today that it has signed a non-binding Letter of Intent to sell its Micro Paint Repair (www.micropaint.net) business unit to Jose Sada, a technology partner of NeoMedia Micro Paint Repair, backed by the Global Emerging Markets Group (GEM) of New York City.
Charles T. Jensen, president and CEO of NeoMedia, said the sale of the Micro Paint Repair division "would allow NeoMedia to focus its full attention and resources on its core technology businesses, NeoMedia Mobile and NeoMedia Telecom. The NeoMedia Mobile group of companies offer end-to-end mobile enterprise and mobile marketing solutions, and will shortly launch its flagship qode(R) software platform to link marketers and consumers via the Mobile Internet and cell phones. NeoMedia Telecom, which includes the majority-owned Triton Global subsidiary, is a leading provider of network access, billing, clearinghouse and information management services to the telecommunications industry.
Mr. Jensen said that following due diligence and negotiation of material terms of the transaction, the LOI calls for execution of a definitive purchase agreement by October 27, 2006, with closing on or before November 24, 2006.
GEM, with Julio Marquez as a managing partner, is a $1.8B private investment group specializing in control, minority, and public market investing. Its activities are both domestic and international, spanning a diverse array of industries and transactional structures. GEM has offices in New York, London and Paris.
Acquired in 2004
NeoMedia acquired what is now NeoMedia Micro Paint Repair from CSI International, Inc., of Calgary, Alberta, Canada in February of 2004 for $2.5 million in cash and 7 million shares of NeoMedia stock.
As part of NeoMedia, the business unit grew in size and scope. From its flagship micro paint repair services, NeoMedia Micro Paint Repair evolved to be an international developer, supplier and trainer to automotive aftermarket service providers, offering a comprehensive line of technologically advanced automotive rejuvenation and preservation products, processes and systems. The company has distribution and system licenses in place in the Peoples Republic of China, Latin America, Australasia, and Scandinavia, and has been marketing Micro Paint Repair licenses world-wide, offering operators of car washes, repair centers and auto aftermarket shops an opportunity to expand their businesses and service offerings. The company's high-end retail facilities in Fort Myers and Calgary double as retail and training centers, and are equipped with advanced assembly line techniques to offer state-of-the-art business practices and live demonstrations of all proprietary NeoMedia Micro Paint Repair products and services.
Full Line of Cosmetic and Aesthetic Services and Products
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Diversified Ethanol a Division of James Monroe Capital Begins On-Site Plant Delivery on Schedule amid Increasing Demands
Thursday , August 31, 2006 08:30 ET
CHICAGO, Aug 31, 2006 (BUSINESS WIRE) -- Diversified Ethanol, a division of James Monroe Capital Corporation (Pink Sheets:JMCP), today marks the start of the final phase of ethanol plant construction: on-site assembly. Equipment is being moved to the new plant location in Eagle Grove, Iowa, amid increasing demands from customers requesting to purchase proven ethanol plants with bankable guarantees.
The company now is building its own ethanol plant, and will be mass producing small (500,000 gallon) ethanol plants for itself and for paying customers.
Diversified Ethanol President Taylor Moffitt said, "It's been very encouraging to us to talk with customers. Most ethanol plants today are on a long waiting list -- measured in years, but we have already moved from ideas to blueprints to the final assembly phase in less than two months. We are now typing up purchase contracts to send out to 4 interested parties who have verbally stated that they would like to purchase ethanol plants from Diversified Ethanol. With our recent acquisition of Eagle Installation, we have the capabilities to manufacture all four at once, within a period of months, if necessary. The plants are all the same 500,000-gallon design, featuring many off-the-shelf components to keep costs down. In the future, we will be ready to adapt the design to run on switchgrass or food waste. Already now, our design has a nutritious, edible by-product, is drought-proof, zero-waste, clean, and cheap. As long as people drive cars, Ethanol will continue to be in-demand."
After the completion and fine-tuning of the first plant, nicknamed "The Naysayer" in honor of all of the individuals who said it couldn't be done, the company will begin mass production of small plants that can fit in a 40 X 60 steel building and less than one acre of land. The company reports that most inquiries have been from corporate customers, such as corporations that own multiple gas stations, and from corporate farms who want to feed the edible by-products to their livestock. However, politicians, municipalities, independent groups, foreign investors, seasoned ethanol veterans, environmental activists, and wealthy individuals have also been in talks with the company to purchase their own plants.
The company presently has purchased or fabricated the needed fermentation tanks, steel fuel storage units, bulk bins, electrical service, cooling/recycled water tanks, solids separation equipment, and computer equipment. At the company's nearby fabrication facility, welders and fabricators are presently working on the carbon dioxide scrubber, plumbing, agitators, cooker, and steel structural supports.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: James Monroe Capital Corporation
James Monroe Capital Corporation, Northbrook Chris McGovern, 847-418-3848
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Bravo! Foods to Present at the Roth Capital Partners 2006 New York Conference Thursday August 31, 8:30 am ET
NORTH PALM BEACH, Fla., Aug. 31 /PRNewswire-FirstCall/ -- Bravo! Foods International Corp. (OTC Bulletin Board: BRVOE - News), a brand development and marketing company that manufactures, promotes and distributes vitamin- fortified, flavored milks, announced today that it will be presenting at the Roth Capital Partners 2006 New York Conference being held at the Westin Times Square Hotel on September 6-7, 2006. The conference will feature presentations from more than 200 small and micro capitalization companies with a particular focus on undiscovered companies. ADVERTISEMENT
Roy Warren, Bravo Foods! Chief Executive Officer and Jeffrey Kaplan, the Company's Chief Financial Officer will be presenting to the conference on Thursday, September 7, 2006 at 8:00 a.m. Eastern Time. A copy of management's presentation will be available that morning on the Company's website at http://www.bravobrands.com in the Investor section.
About the Company
Bravo! Foods International Corp. develops, brands, markets, distributes and sells nutritious, flavored milk products throughout the 50 United States, Great Britain and various Middle Eastern countries. Bravo!'s products are available in the United States and internationally through production agreements with regional aseptic milk processors and are currently sold under the brand names Slammers® and Bravo!(TM). Bravo!'s Slammers® products are available nationwide in popular chains such as: 7-Eleven, A&P, Dutch Farms, Giant Food Stores, Jewel, Kings, Pathmark, Safeway, Sam's Club, Shaw's, ShopRite, Speedway, SuperTarget, Unified, Waldbaums and Walgreens.
Many of Bravo! Foods' Slammers® lines of shelf-stable, single-serve milk drinks are co-branded through exclusive partnerships with Masterfoods, a division of Mars Incorporated, General Mills and MD Enterprises (Moon Pie®), providing superior name recognition packaged with quality, great-tasting drinks.
On November 1, 2005, Coca-Cola Enterprises, Inc. began distribution of the Slammers® Masterfoods line, as well as the Bravo!'s Slim Slammers® and Pro Slammers(TM) products, under a Master Distribution Agreement with Bravo!
Aug 31, 2006 (M2 PRESSWIRE via COMTEX News Network) -- City of Industry, CA - Defense industry alert provided by U.S. Equity News. Raytheon Co. (NYSE:RTN) said Wednesday it received a $20.7 million contract to provide the U.S. Air Force and Navy with missile decoys. The contract marks the continuation of an 11-year-old award for the ALE-50 decoy, which is towed by aircraft to attract most types of anti-aircraft missiles. The military uses the decoys on F-16, B1B and F/A-18 planes. Raytheon produces the decoys at the company's facility in Goleta, Calif. General Dynamics (NYSE:GD) Advanced Information Systems has delivered ten AN/SSX-1 systems for the U.S. Navy's Surface Electronic Warfare Improvement Program (SEWIP). The AN/SSX-1 electronic warfare system supports a variety of missions including maritime interdiction operations against weapon, chemical and drug smuggling. These missions are accomplished by collecting precision electronic parametric data and correlating it to specific transmissions from ships and aircraft.
A venture of two defense giants, Lockheed Martin (NYSE:LMT) and Raytheon, will receive $54.8 million to design and develop a missile launch system for Navy combat ships. The company performing the contract is NetFires, which will work to meet the Navy's deadline of integrating the non-line-of-sight launch system aboard the USS Independence in 2008. The system involves a precision attack missile fired from a vertical launcher that may be deployed from the air, ground or sea. David Chin, CEO of U.S. BioDefense, Inc. (OTC BB: UBDE) announced recently the appointment of Charles Wright as the company's Executive Vice President. Charles Wright will assist with the development and expansion of Emergency Disaster Systems' sale team and the overall direction of U.S. BioDefense's business development and marketing efforts. Mr. Charles Wright has over 30 years of marketing and business experience as a successful entrepreneur and has consulted for the City of Palms Springs, Toyota, Kaiser, and organizations such as the American Red Cross.
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.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
-------------------- "As long as there are dreamers, there are dreams that will come true."
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Aug 31, 2006 (M2 PRESSWIRE via COMTEX News Network) -- City of Industry, CA - Specialty Retail industry alert provided by U.S. Equity News. Amazon.com (NASDAQ: AMZN) is taking orders for Microsoft Corp.'s new Windows Vista software and said it will deliver the new operating system to customers beginning Jan. 30. The online retailer is pricing the new software from $99 for an upgrade for existing Windows users to $399 for "Windows Vista Ultimate DVD-Rom." Advance orders of "Windows Vista Ultimate Upgrade DVD-Rom," with a price of $259, climbed to No. 37 on the list of best-selling software Tuesday afternoon at Seattle-based Amazon.com Inc. China Direct Trading Corp. (OTC BB:CHDT): announced recently that it will be filing its Form 10-Q for the quarter ending June 30, 2006 recently with the U.S. Securities and Exchange Commission. The filing will eliminate the "e" designation on China Direct's trading symbol. "With the dramatic month-to-month sales growth experienced by our majority-owned Complete Power Solutions, LLC subsidiary last quarter and a new field auditor, it took longer than expected to consolidate the financial statements for the June 30, 2006 Form 10-Q," said Howard Ullman, Chief Executive Officer and President of China Direct.
Wal-Mart Stores, Inc. (NYSE: WMT) has been named as one of the "50 Best Companies for Latinas to Work for in the United States" by LATINA Style Magazine. Wal-Mart was chosen because of its programs and initiatives that help Latina professional working women in the workplace. In recent years, Wal-Mart has received accolades for their commitment to diversity from several publications, including Black Enterprise Magazine, Diversity Inc., Hispanic Magazine and Asian Enterprise magazine. Costco Wholesale Corp. (Nasdaq:COST) said on Wednesday it was testing a new in-home installation service for electronics purchased at its stores as it tries to reduce the number of televisions that are returned. The warehouse club operator, which warned earlier on Wednesday that quarterly profit would miss expectations because of disappointing margins, said it was offering "concierge" service at a handful of southern California stores, where customers can have electronics delivered and set up at home.
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.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
-------------------- "As long as there are dreamers, there are dreams that will come true."
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PLEASANTON, CA, Aug 31, 2006 (MARKET WIRE via COMTEX News Network) -- The Children's Internet, Inc. (OTCBB: CITC), recently declared winner of iParenting Media Awards "Outstanding Products of 2006," announced today that it will provide The Children's Internet(R) service to The Larkin Center of Elgin, IL. Consistent with the company's back-to-school programs, the service will be provided to the Larkin Center free of charge for one year. The Children's Internet, Inc. hopes to spread this program throughout the nation for such organizations dedicated to supporting children.
"At any given time we have as many as 52 children and teens, ages 6 to 17, living, working and studying in our facilities, and another 50 children from the surrounding communities that attend our special education program," said Dennis Graf, Executive Director of The Larkin Center. He continued, "Our program has helped thousands of children that come to our school because they had previously suffered emotional or behavioral abuse, and our primary mission is to show them that they are wanted, needed and loved."
Mr. Graf continued, "We want to provide them with a situation where they can learn to safely participate in our society and it is clear that the Internet has become a huge part of how society interacts. On the other hand we have found that the Internet, while a marvelous tool for helping children learn, mirrors society in that it is populated by both good and bad. This presents us with a huge challenge. With so many children to supervise, and with the very nature of those children being defined as 'at risk,' we have to be resolute in pursuing safe solutions for the life experience we provide. Prior to learning about The Children's Internet(R) we had ultimately decided to preclude any access to the web, having concluded that the software products on the market could not stop a determined child from going to web sites that we find objectionable. We are confident that The Children's Internet(R) is the solution we have been seeking."
"We are thrilled and grateful to have the opportunity to provide our revolutionary, safe Internet service to The Larkin Center," said Sholeh Hamedani, CEO of The Children's Internet, Inc. "Our SafeZone Technology(R) will allow their educators and administrators to utilize the Internet for what is was intended to be used for: to teach, to learn, to entertain, to explore the world, to expand a student's horizons, all while the faculty enjoys a new sense of freedom from the laborious task of constant supervision because of our unbreakable security. Moreover, with our Family Favorites(TM) feature the administrators can customize each computer to include individual websites pertinent to the curriculum at Larkin Center. By providing an educational tool via a fun, dynamic and entertaining, absolutely SAFE online environment we give the staff the peace of mind they deserve and give students access to technology which they need in order to succeed in today's world. We think The Larkin Center and The Children's Internet are a perfect match to make a difference together!"
About The Children's Internet, Inc.
The Children's Internet(R), multiple award-winning service was developed by Two Dog Net, Inc. and is exclusively licensed to The Children's Internet, Inc. for sales and marketing. Based in Pleasanton, Calif., the company specializes in providing its subscribers with powerful, positive and interactive tools that help children learn and grow. The membership-based service was created and designed specifically for kids. It's the most comprehensive, secure Internet service and "educational super portal" for children, pre-school to junior high, providing them with SAFE, live access to hundreds of thousands of the best, pre-approved, educational and entertaining web pages. Children enjoy the full range of live Internet offerings, including games, homework help, keyword search engine and secure email without the possibility of predatory, pornographic, violent or other inappropriate content. For a free 30-day trial, please visit www.ChildrensInternet.com and enter promo code RKW1.
About The Larkin Center
The Larkin Center (www.larkincenter.org) has grown from a home giving custodial care to one of the finest treatment centers for emotionally disturbed children and adults in the State of Illinois. Larkin employs a highly skilled staff deeply sensitive to and aware of the needs of dependent, neglected and disturbed children and adults. Larkin's staff now numbers 190 professionals skilled in such programming areas as social work, psychology, activity therapy, education and administration. The agency now has six group homes for children and teens; group home for adults; subsidized rental apartments for adults; a special education school for up to 100 students, grades 1-12 and a historic main campus at 1212 Larkin Ave. in Elgin, IL.
Contact: Sholeh Hamedani, info*tcimail.net The Children's Internet, Inc. (925)737-0144
SOURCE: The Children's Internet, Inc.
mailto:info*tcimail.net
Copyright 2006 Market Wire, All rights reserved
-------------------- "As long as there are dreamers, there are dreams that will come true."
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Dallas, Texas, Aug 31, 2006 (M2 PRESSWIRE via COMTEX News Network) --
Lifeline Biotechnologies, Inc. (OTC:LBTN) - Wednesday's shares increased 16.67% over open to $0.00070. The volume was at 5,700,300. Lifeline Biotechnologies, Inc. announced that Jim Holmes, CEO and President of Lifeline Biotechnologies, Inc., was featured on MacReport.Net. In his interview, Mr. Holmes updated the investment community on the future direction of the Company, as well as the updates and developments of Lifeline Biotechnologies' agreement with Solos Endoscopy, Inc. (Other OTC:SLSE.PK - News) for its three products (MastaScope(TM), First Warning System(TM) and the OvaScope(TM)) that are designed to assist in the early detection of breast and ovarian cancers.
Lifeline Biotechnologies, Inc. (www.lbtn.com) develops and acquires undervalued companies which have innovative technology in the medical, nutraceutical, and energy industries, to increase the growth of the Company. Lifeline Biotechnologies continues to seek out and capitalize on emerging technologies that will change the medical, nutraceutical, and energy community.
INXR iFinix Expands Into the Insurance Industry Market Wire - August 31, 2006 9:01 AM (EDT)
JAMAICA, NY, Aug 31, 2006 (MARKET WIRE via COMTEX) -- The Board of Directors of iFinix Corporation (PINKSHEETS: INXR) are pleased to announce the signing of a web development contract with Vine Abstract Inc.
Through iFinix's wholly owned subsidiary, R&B Computer Systems, development is underway for the creation of a new web presence and web portal for Vine Abstract Inc., a New York based company. The Vine portal will improve the workflow of title ordering and research from experimental design through publication of results. The new online ordering system will provide Vine with the flexibility to maximize the acquisition, satisfaction and retention of customers, and reduce the overall costs of bringing new offers and products to market.
Mr. Dhruvanand Budhu, iFinix CEO commented, "We have stated In the past that we are committed to increasing revenue for iFinix Corporation and we are aggressively marketing ourselves to keep adding value to the company and ultimately for our shareholders."
About Vine Abstract:
Vine Abstract Inc. is a full service Title Insurance, Escrow & Settlement agency licensed to do business in the state of New Jersey and New York. Our offices are located in Shrewsbury, NJ and New York City. Vine is dedicated to providing all clients with reliable service and information. Vine uses state of the art technology when ever possible in attending to your need.
About iFinix:
iFinix is a diversified information technology services and solutions company. Our people combine expertise in systems integration, outsourcing, infrastructure, server technology and consulting with precision thinking and relentless execution to help clients. iFinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Phoenix Provides streaming, real-time market data, news and analytics. The company's suite of products includes Phoenix Pro, the Phoenix Market Scanner, Phoenix Analyst and eifinix.
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of iFinix Corporation to be materially different from the statements made herein.
TrendSetter Solar Adds Chief Financial Officer FAIRHAVEN, CA -- (MARKET WIRE) -- August 31, 2006 -- TrendSetter Solar Products, Inc. (PINKSHEETS: TSSP) today announced it has added Jim Holmes as Chief Financial Officer to its management team.
"We welcome Mr. Holmes as a Director and as Chief Financial Officer. Mr. Holmes brings extensive experience in financial, operations and marketing management and has been and will continue to assist in arranging funding for TrendSetter. The funding requirements are a much needed resource in order to support the expected growth in the Company's operations and expanded marketing efforts," stated Dirk Atkinson, CEO.
About TrendSetter Solar Products:
TrendSetter Solar Products, Inc. is a quality manufacturer of solar hot water heating and storage systems in the United States. TrendSetter's solar hot water systems and storage tanks are uniquely positioned to serve the residential and commercial market. The Company offers a comprehensive range of solar water heating solutions, including solar radiant floor heating options, which are rated and qualify for the new federal energy tax credit program.
Conventional residential hot water systems produce approximately 3,500 pounds of carbon dioxide and carbon monoxide gases each year and emit these gases into the atmosphere. TrendSetter's solar hot water heating and storage systems reduce and in cases of new home construction when these units are installed, can virtually eliminate the emission of these gases. Carbon dioxide and carbon monoxide are alleged to assist in global warming. Additionally, conventional residential hot water systems consume natural gas or electricity. TrendSetter's products reduce or eliminate the need for natural gas or electricity for heating hot water, thereby reducing the demand for offshore energy sources.
Additional information about TrendSetter can be obtained from the Company's website at www.trendsetterindustries.com
Safe Harbor:
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical fact 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 the projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
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Adrenaline Nation Entertainment Names Country Music Legend Juan Contreras Director of Artist Relations Thursday August 31, 9:30 am ET
CLEARWATER, Fla., Aug. 31, 2006 (PRIMEZONE) -- Adrenaline Nation Entertainment, Inc. (Other OTC:ADNL.PK - News), which produces Adrenaline Nation TV, the leading channel for cutting-edge independent music TV, innovative independent and short films, and adrenaline sports for the highly coveted 18-49 demographic, today announced that it has named Juan Contreras, Director of Artist Relations. In this capacity, Contreras will be responsible for finding and signing the hottest new up-and-coming artists on the country and cross-over music scenes. ADVERTISEMENT
``There is a whole new cadre of new country music that is being ignored by the mainstream market,'' said Contreras. ``We intend to capitalize on this trend to bring this new talent into the spotlight. This current style of country music merges the old and the new and will be highly appealing to our audience.''
Contreras began his career working in a Kentucky theme park, Kaintuck Territory, where he booked engagements for many of the top acts of the day such as Johnny Cash and Loretta Lynn. From there Contreras joined Cartwheel Records where he worked with the highly accomplished country music producer Ron Chancey and now super-manager Dale Morris.
After Cartwheel was bought by ABC Paramount, Contreras worked with Don Gant, who headed up the label. Contreras promoted records for artists such as Jimmy Buffit, Delbert McClinton, Cashman & West and Jim Croce, and he gained a strong reputation for crossing country music into pop. Following ABC Paramount, Contreras was hired as assistant to Fred Foster, President of Monument Records, where he helped start the recording careers of talents such as Kris Kristofferson, Larry Gatlin, Billy Swan and Al Hurt.
Contreras then went on to work in music publishing for Acuff-Rose as Creative Director, working with great writers like Don Everly, Whitey Shafer, Don Gibson and Mickey Newbury. Acuff-Rose is known for publishing the music of Hank Williams, Roy Orbison and The Everly Brothers. While at Acuff-Rose, Contreras also worked as Talent Coordinator for William F. Cook television. Here he worked on the television shows, Nashville Swing and In Session, bringing Nashville country music artists on board to perform on the shows. After working with Acuff-Rose for five years, he started a new music publishing company with Larry Butler -- Larry Butler Music. Larry Butler Music was a great success, launching number one records for George Strait, Eddy Raven, Alabama and Kenny Rogers. Larry Butler Music was later sold to Michael Jackson's Manager, Frank DeLeo, and Contreras started a new publishing company, Double J Music, with Jim Scott. Double J Music enjoyed much success; it won a Country Music Award for ``Check Yes Or No'' recorded by George Strait.
``We are very pleased to welcome Juan to Adrenaline Entertainment,'' said Keith Dressel, CEO of Adrenaline Nation Entertainment, Inc. ``He brings to us a stellar track record in finding and signing the best talent in the industry, and he has had tremendous success in the field of both music and television. Having worked in the Nashville music community for 32 years, he has strong native knowledge of where the new talent lies and how to expose it to an audience that is ready to consume the new sound.''
About Adrenaline Nation Entertainment, Inc.
Headquartered in Clearwater, Florida, Adrenaline Nation Entertainment, Inc. (Other OTC:ADNL.PK - News) provides broadband TV programming connecting viewers and advertisers to the tremendous purchasing power of the coveted 18-49 year audience. Adrenaline Nation Entertainment's programming features the hottest, cutting-edge independent music in the world, independent films, adrenaline sports, motor sports and extreme action and adventure programming in a format to be distributed to homes via broadband Internet, IPTV, digital cable, WiFi, high definition and mobile TV. Adrenaline Nation TV can be viewed on the company's highlight reel at http://www.brandedentertainment.tv/antv.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the ``Exchange Act''), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as ``believe,'' ``expect,'' ``intend,'' ``anticipate,'' ``estimate,'' ``project'' or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the company's mission and vision. The company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements.
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Quality Restaurant Ventures Opens First New Co-Brand Sobik's - Wing Way Thursday August 31, 10:16 am ET
HEATHROW, Fla., Aug. 31 /PRNewswire-FirstCall/ -- Quality Restaurant Ventures Inc. (OTC Pink Sheets: QRVI - News) announced today that a new co-branded Sobik's - Wing Way restaurant recently opened in Central Florida. This is the first location that will serve both the Sobik's and Wing Way menus starting from opening day. The new restaurant is located at 801 S. Kirkman Rd. in Orlando.
"This is an especially important opening because we'll be able to monitor customer responses to our restaurant without them having any pre-conceived notions," explained Jodi Whitnum, Sobik's - Wing Way Division President. "With everything being new, the location, the owners, the equipment, the new co- branded decor, plus our new customers, we'll be able to better gauge who is coming in specifically for wings or burgers, and who is coming in with a sub sandwich on their mind."
The Wing Way menu includes popular buffalo wings served with several different sauces, 1/3 lb. Black Angus burgers and seasoned fries. Sobik's menu features 20 types of popular sub sandwiches as well as a variety of healthy salads. There are now three co-branded Sobik's - Wing Way restaurants out of the 30 Sobik's locations in operation. Two additional restaurants are scheduled to open within the next two months.
About Quality Restaurant Ventures Inc.
Quality Restaurant Ventures Inc. develops new restaurant concepts, and invests in regional fast-food concepts with high growth potential, enhancing their operations while preparing them become national franchise opportunities.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. Quality Restaurant Ventures Inc. assumes no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as operating costs, capital spending, financial sources and the effects of competition. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Companies.
Pilgrim Petroleum Announces Update in Operations Business Wire - August 31, 2006 11:33
IRVING, Texas, Aug 31, 2006 (BUSINESS WIRE) -- Pilgrim Petroleum Corporation, (Pink Sheets:PGPM) announces that the company has achieved a new record in production for the month of August, an increase of over 15% from the previous month with an additional eight re-activated wells in line. This constant increase in production leads Pilgrim to anticipate exponentially better results for the next coming month. Furthermore, new acquisitions talks and negotiations are in progress, while the evaluation of the company's properties is completed. Gustavson Associates informed that the report could be expected by next week, with the final and formal report expected by the week of September 11th. This delay is due to the last acquisition. Lastly, the addition of General Energy Corporation as operator, and the potential value of new exploration participation in Quebeq Canada are two additional highlights.
Pilgrim Petroleum Corporation Vice President of Operations Jeffrey Fanning said, "The Reactivation Program has undoubtedly boosted the company's production levels and we will continue to re-activate the remaining properties, while Pilgrim further grows its asset portfolio."
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (Pink Sheets:PGPM). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production.
Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.
2006 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
SOURCE: Pilgrim Petroleum Corporation
Pilgrim Petroleum Corporation, Dallas Eddie Monet, 619-864-0166 emonet*americancapitalipo.com www.apetroleum.com
Copyright Business Wire 2006
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