Scantek Medical Enters Into New Contract with Life Medical Technologies
CEDAR KNOLLS, N.J., Sept. 6, 2006 (PRIMEZONE) -- Scantek Medical, Inc. ("Scantek") (Pink Sheets:SKML) announced today that on August 22, 2006, it entered into an agreement (the "Amended Agreement") which amended and restated its December 3, 2004 Definitive Agreement (the "Initial Agreement") with Life Medical Technologies, Inc. ("Life Medical"). In a previous press release, Scantek announced the Initial Agreement, and that almost immediately after its execution, the parties determined to modify the Initial Agreement and recommence negotiations.
Pursuant to the Initial Agreement, Life Medical loaned Scantek $250,000 with a due date of June 5, 2006 (the "Loan"). In the Amended Agreement, the due date of the Loan was modified to June 5, 2007.
Pursuant to the Initial Agreement, Life Medical paid $200,000 towards the completion of a clinical study (the "Clinical Study") of the BreastCare(tm)/ BreastAlert(tm) Differential Temperature Sensor product ("BreastCare"). In the Amended Agreement, Life Medical agreed to pay up to an additional $25,000 towards the Clinical Study.
Pursuant to the Initial Agreement, Life Medical was responsible for the first $100,000 in costs towards the Clinical Study, Scantek for the next $50,000, Life Medical for the next $100,000, and Scantek for any costs in excess of $250,000. Pursuant to the Amended Agreement, it was acknowledged that Life Medical paid $200,000 towards the costs of the Clinical Study, Scantek and Life Medical are jointly responsible for the next $50,000, and Scantek is responsible for any costs in excess of $250,000.
Pursuant to the Initial Agreement, Scantek was required to disclose any existing legal proceedings. In the Amended Agreement, Scantek updated that information.
Pursuant to the Initial Agreement, under certain circumstances Life Medical would receive an option ("U.S. Option") to receive an exclusive, perpetual license to distribute BreastCare in the United States ("License") pursuant to the terms of a Distribution Agreement agreed upon by the parties.
Pursuant to the Initial Agreement, Life Medical may exercise the U.S. Option within 90 days after the report from the Clinical Study is accepted for publication in one of a list of qualifying medical journals (the "Journals"). If the report from the Clinical Study is not accepted for publication in one of the Journals within nine months, Life Medical shall have 45 days to exercise the U.S. Option before it expires. In the Amended Agreement, this nine-month period has been modified to twenty-four months.
Pursuant to the form of Distribution Agreement which was annexed to the Initial Agreement ("Initial Distribution Agreement"), if Life Medical exercised the U.S. Option it would receive an exclusive right to distribute BreastCare in the United States. In the form of amended Distribution Agreement which was annexed to the Amended Agreement ("Amended Distribution Agreement"), this exclusive right was strengthened. Scantek was required to not directly or indirectly sell BreastCare in the United States. Scantek also agreed that any future distribution agreements Scantek signs with distributors outside of the United States must restrict such distributors to their specific territories of sale and must prohibit them from selling outside such territories.
Pursuant to the Initial Distribution Agreement, Life Medical was required to pay $1,600,000, and 15% of its stock, to exercise the U.S. Option, less any funds which it paid pursuant to the Initial Agreement. This 15% of Life Medical's stock cannot be diluted under any circumstances. Furthermore, Life Medical has the option to issue this stock non-voting. If Life Medical exercises its option to issue non-voting stock, this stock would become voting stock two years after the date upon which Life Medical's stock becomes publicly traded. In the Amended Distribution Agreement, Life Medical was authorized to deduct from the payment of $1,600,000 any unpaid principal or accrued and unpaid interest on loans which Life Medical or its affiliates has made to Scantek.
Pursuant to the Initial Distribution Agreement, Life Medical was required to submit quarterly sales reports to Scantek beginning one year from the date of the Initial Distribution Agreement. In the Amended Distribution Agreement, the starting date of this reporting requirement has been extended to January 1, 2007.
The Initial Distribution Agreement set forth a wholesale price for Life Medical. The Amended Distribution Agreement increased the wholesale price to be paid by Life Medical to Scantek by $.50.
Pursuant to the Initial Distribution Agreement, Life Medical would receive a discount of $.25 per unit for orders over 500,000 units, and an additional $.25 per unit discount for orders over 1,000,000 units. In the Amended Distribution Agreement, the discount for orders over 1,000,000 units was eliminated.
Pursuant to the Initial Distribution Agreement, Life Medical was required to pay Scantek a royalty if its sales price exceeded a certain amount. In the Amended Distribution Agreement, the royalty was eliminated.
Pursuant to the Initial Distribution Agreement, Life Medical would have to meet the minimum sales requirements set forth in the Distribution Agreement in order to maintain the License starting in the second half of 2006. In the Amended Distribution Agreement, this was modified to the second half of 2010.
BreastCare is a safe, non-invasive, low-cost, single-use medical device which detects tissue heat differentials between the breasts. The pads are placed inside of a woman's bra for fifteen minutes, after which the device registers a digital reading of the heat conducted from within the breast tissue. BreastCare has received marketing clearance from the United States Food and Drug Administration to be used by physicians as an adjunct to clinical breast examination, mammography and other established modalities for the detection of breast disease. In clinical studies in the United States (Memorial Sloan Kettering Cancer Center -- NY, M. D. Anderson Cancer Center -- Houston, Guttman Institute -- NY, Georgetown University, and Brotman -- UCLA), in Brazil, and at the European Institute of Oncology in Milan, Italy, BreastCare has been clinically proven capable of recognizing metabolic activity (angiogenesis) by recording the heat differentiation of corresponding areas of the breast, and has identified tumors as small as 5mm in diameter.
About Scantek Medical
Scantek Medical, Inc. developed, produces and distributes the BreastCare(tm)/ BreastAlert(tm) Differential Temperature Sensor product. Scantek is also developing medical devices which use this temperature differential technology to screen for other medical conditions. Scantek's manufacturing facility and corporate offices are located in Cedar Knolls, New Jersey, and it has subsidiaries in Brazil and Hungary.
Statements in this press release which are not historical, including management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to the risk factors and other information set forth in Scantek's filings with the Securities and Exchange Commission. Actual results could differ materially from any forward-looking statements and may vary from management's expectations and cannot be guaranteed.
CONTACT: Scantek Medical, Inc. Dr. Zsigmond L. Sagi (973) 401-0434 Fax: (973) 401-0459 skml*garden.net
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Kelly Clarkson Wears Lyric Culture T-Shirt at NASCAR
LOS ANGELES, CA -- (MARKET WIRE) -- September 06, 2006 -- Lyric Jeans, Inc. (PINKSHEETS: LYJN), a cutting-edge premium clothing company, announced that Grammy Award-winning recording artist Kelly Clarkson wore a Lyric Culture "American Pie" T-Shirt as she gave the command "Gentlemen, Start Your Engines," at the NASCAR Nextel Cup Series before a national TV audience on NBC over Labor Day Weekend.
The premium cotton Tee worn by Clarkson was designed to have a vintage feel and is inspired by the hit song written by Don McLean. A limited number of T-shirts will be available for pre-order through the company's e-store at www.lyricjeans.com.
"Kelly Clarkson symbolizes the American dream. We couldn't think of a better person or place to premiere the 'American Pie' design," said Hanna Rochelle Schmieder, President of Lyric Culture.
Lyric Culture is a music driven premium apparel line involving lyrical content on jeans, denim wear, leather and accessories. Each item in the collection reflects the personality, style and flare of the artist and song through its design. With the vision of fusing the world of music with fashion, Lyric Culture employs a cutting-edge design strategy allowing consumers to express themselves stylishly through song lyrics. The company intends to announce the entire roster of songs that will be used in its debut collection in the coming weeks.
Highlighted Links MacReport.Net Lyric Jeans, Inc.
About Lyric Culture
Lyric Culture is the innovator and manufacturer of premium apparel and denim wear characterized by a cutting-edge design strategy driven by music and song lyrics. Through the unique fusion of fashion and music, Lyric Culture utilizes titles from all genres of music as inspiration for the brand, thereby appealing to a cross-section of various tastes and interests and enabling it to market its products on a worldwide platform. The company's strength is in its relationships with the music industry and its ability to access the Hollywood community, tastemakers and trend-setters. www.lyricjeans.com
Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding Lyric Jeans Inc. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending, Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Lyric Jeans Inc. does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
MINNEAPOLIS, MN -- (MARKET WIRE) -- September 06, 2006 -- On August 31, 2006, BDC Capital, Inc. filed a Notification Of Withdrawal Of Election To Be Subject To Sections 35 Through 65 Of The Investment Company Act Of 1940. As a result of a change in its direction, BDC Capital has ceased to be a business development company and now is operating as a publicly held entity traded on the Over-the-Counter Bulletin Board (OTCBB: BDCI). The change was authorized by the vote of a majority of its outstanding voting securities or partnership interests. The company's shareholders approved this action at a special shareholders' meeting on May 3, 2006. The outcome of the vote was as follows: 391,091,755 shares voted in favor of this action; 124,518 shares voted against and 36,335,865 shares abstained.
BDC Capital has changed its business plan to become a multiple-site online social-networking portal. "The withdrawal of the company's status as a business development company more accurately reflects the reality of our business and of our assets," Richard A. Pomije, Chief Executive Officer, said.
About BDC Capital
BDC Capital, Inc. is based in Burnsville, MN. Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. BDC Capital, Inc. undertakes no obligation to update any such statements to reflect actual events.
MINNEAPOLIS, MN -- (MARKET WIRE) -- September 06, 2006 -- BDC Capital, Inc. (OTCBB: BDCI) today announced a reverse split of its common stock on a 1 for 75 basis. The company's board of directors unanimously approved the reversal in a meeting held earlier today.
Also today, the company announced that effective August 31, 2006, it had become an operating company rather than a business development company. That action was taken because BDC Capital has changed its business plan to become a multiple-site online social-networking portal.
About BDC Capital
BDC Capital, Inc. is based in Burnsville, MN. Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. BDC Capital, Inc. undertakes no obligation to update any such statements to reflect actual events.
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USSG (.105) USA Signal Technology Receives Approval From Texas Department of Transportation for Its Unique Energy Saving, Centrally Controlled, LED Powered "Intelligent" Lane Control Systems Sep 6, 2006 5:25:00 PM
DALLAS, TX -- (MARKET WIRE) -- 09/06/06 -- USA Signal Technology, Inc. (PINKSHEETS: USSG) (www.usasignal.com) has successfully demonstrated and received approval for its unique LED (Light Emitting Diode) "Intelligent/Wireless" Lane Control Signal from the Texas Department of Transportation, a state with thousands of LCSs that need to be replaced, as well as thousands of planned new installations.
Lane Control Signals are those ubiquitous traffic signs with illuminated colored symbols on highway bridges and overpasses. The symbols show a specific lane's traffic condition: a green arrow for a lane flowing freely, a yellow arrow or yellow "X" for a slow lane, and a Red "X" for a lane that is shut down.
Based on the expressed needs of Departments of Transportation (DOTs) from a number of heavily populated states, USA Signal developed the first LED Intelligent Lane Control Signal to be extremely energy efficient (powered with only 10 watts), requiring almost no maintenance and offering continuous intelligent feedback to a centralized control location. In comparison, the tens of thousands of conventional LCSs now deployed across the nation are powered by an array of halogen lights through fiber optic harnesses that require 150 watts of power, are high maintenance, often unreliable and require local controllers.
What makes USA Signal's LCS "intelligent," is that unlike present systems, it is equipped with a microcontroller, wireless communication with a central location, redundant power supplies to function during blackouts and brown-outs, and several other advanced features highly sought by DOTs. This allows for lower installation costs and extremely less on-going maintenance expenses compared to current fiber optic-halogen systems. Most important, because of increased reliability and the ability to alert a central controller if a particular LCS will be in need of repair, or has actually stopped functioning, highway safety is greatly enhanced.
With its own redundant power supply, separate water tight and dust free enclosures for the LEDs and control electronics that are convection cooled, USA Signal LCSs have a greatly extended operating life. For these reasons, USA Signal is able to warranty its LCS for an unprecedented 5 years.
Texas is the first of many states where USA Signal plans to market its Intelligent LCS.
About USA Signal Technology, Inc.
USA Signal Technology, Inc. (PINKSHEETS: USSG) (www.usasignal.com) is a Dallas, TX-based Company that designs, manufactures and markets state-of-the-art traffic signaling and monitoring systems. It provides the most technologically advanced and lowest cost-of-ownership intelligent LED (Light Emitting Diode) traffic signals for municipalities. Its advanced designs provide the most cost effective LED-based systems and, most important, it has the only signals that combine other advanced technology products to create the first Intelligent Traffic Intersection Systems (ITIS) and Railroad Crossing Surveillance & Detection Systems.
Forward-Looking Statements & Disclaimers:
The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law. Schumacher Associates, has prepared this release from information supplied and approved by USA Signal Technology, Inc. In conjunction with the preparation and distribution of this release as well as other public relations services, Schumacher Associates has been compensated with $2,500 cash and 100,000 shares by third party shareholders. Schumacher Associates officers, directors and employees may also own shares, for investment purposes, and may increase or decrease its positions at any time, without notice.
Contact: Paul Calixto Email Contact Phone: 469-522-0820 www.usasignal.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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USA Signal Technology Receives Approval From Texas Department of Transportation for Its Unique Energy Saving, Centrally Controlled, LED Powered "Intelligent" Lane Control Systems
DALLAS, TX -- (MARKET WIRE) -- September 06, 2006 -- USA Signal Technology, Inc. (PINKSHEETS: USSG) (www.usasignal.com) has successfully demonstrated and received approval for its unique LED (Light Emitting Diode) "Intelligent/Wireless" Lane Control Signal from the Texas Department of Transportation, a state with thousands of LCSs that need to be replaced, as well as thousands of planned new installations.
Lane Control Signals are those ubiquitous traffic signs with illuminated colored symbols on highway bridges and overpasses. The symbols show a specific lane's traffic condition: a green arrow for a lane flowing freely, a yellow arrow or yellow "X" for a slow lane, and a Red "X" for a lane that is shut down.
Based on the expressed needs of Departments of Transportation (DOTs) from a number of heavily populated states, USA Signal developed the first LED Intelligent Lane Control Signal to be extremely energy efficient (powered with only 10 watts), requiring almost no maintenance and offering continuous intelligent feedback to a centralized control location. In comparison, the tens of thousands of conventional LCSs now deployed across the nation are powered by an array of halogen lights through fiber optic harnesses that require 150 watts of power, are high maintenance, often unreliable and require local controllers.
What makes USA Signal's LCS "intelligent," is that unlike present systems, it is equipped with a microcontroller, wireless communication with a central location, redundant power supplies to function during blackouts and brown-outs, and several other advanced features highly sought by DOTs. This allows for lower installation costs and extremely less on-going maintenance expenses compared to current fiber optic-halogen systems. Most important, because of increased reliability and the ability to alert a central controller if a particular LCS will be in need of repair, or has actually stopped functioning, highway safety is greatly enhanced.
With its own redundant power supply, separate water tight and dust free enclosures for the LEDs and control electronics that are convection cooled, USA Signal LCSs have a greatly extended operating life. For these reasons, USA Signal is able to warranty its LCS for an unprecedented 5 years.
Texas is the first of many states where USA Signal plans to market its Intelligent LCS.
About USA Signal Technology, Inc.
USA Signal Technology, Inc. (PINKSHEETS: USSG) (www.usasignal.com) is a Dallas, TX-based Company that designs, manufactures and markets state-of-the-art traffic signaling and monitoring systems. It provides the most technologically advanced and lowest cost-of-ownership intelligent LED (Light Emitting Diode) traffic signals for municipalities. Its advanced designs provide the most cost effective LED-based systems and, most important, it has the only signals that combine other advanced technology products to create the first Intelligent Traffic Intersection Systems (ITIS) and Railroad Crossing Surveillance & Detection Systems.
Forward-Looking Statements & Disclaimers:
The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law. Schumacher Associates, has prepared this release from information supplied and approved by USA Signal Technology, Inc. In conjunction with the preparation and distribution of this release as well as other public relations services, Schumacher Associates has been compensated with $2,500 cash and 100,000 shares by third party shareholders. Schumacher Associates officers, directors and employees may also own shares, for investment purposes, and may increase or decrease its positions at any time, without notice.
Location: MilwaukeeDate: 2006-09-06Provider Name: Knight Ridder/Tribune Service Name: Business News
Sep. 6--Detroit's automakers are investing in Johnson Controls Inc. to develop a lighter and less expensive hybrid battery expected to be in vehicles by 2010 and able to compete with today's top-selling, Japanese-made hybrid batteries.
The Milwaukee-based supplier will be up against a Toyota Motor Corp. joint venture called Panasonic Electric Vehicle Energy, which makes batteries for Toyota and has 74% of the hybrid battery market. Sanyo has a 13% market share, making batteries for the Ford Escape and Honda Accord, and an independent Panasonic battery operation making hybrid batteries for the Honda Civic has a 13% market share.
Sales of hybrid vehicles, which increased from 84,000 in 2004 to 205,000 in 2005, show no signs of slowing down. But prices of nickel, the main element in nearly all hybrid batteries today, have increased from $7 a kilogram (2.2 pounds) in the mid-1990s to $25 a kilogram today, and automakers are considering alternatives.
"Johnson Controls, because of their joint venture, is in a leadership position for lithium-ion," said Dave Hermance, Toyota's executive engineer of advanced technology vehicles. "The big advantage with JCI is they have a historic relationship with the automotive industry."
A year ago, Johnson Controls, the world's largest manufacturer of conventional lead-acid auto batteries that has automotive headquarters in Plymouth, formed a joint venture with Paris-based Saft Advanced Power Solutions to develop lithium-ion batteries.
General Motors Corp., Ford Motor Co., DaimlerChrysler AG and the U.S. Department of Energy -- members of the U.S. Advanced Battery Consortium -- awarded Johnson Controls and Saft a two-year contract Aug. 14 to develop lithium-ion batteries.
The automakers and the Department of Energy signed a $125-million agreement July 14 to split the cost of hybrid battery development projects. Johnson Controls also is fronting money and contributing equipment, expertise and employees to develop the batteries.
The goal is to make batteries for $500 each.
Alan Mumby, vice president and general manager of Johnson Control's hybrid battery business, said the company, with more than 100 employees devoted to the project in Milwaukee, is on target to meet its goals by the end of its contract.
Johnson Controls has been working on hybrid batteries since the 1970s, though they were first made of lead acid. The company began exploring nickel-metal hydride in the early-1990s and lithium-ion in the late-1990s, Mumby said.
"This is just a logical extension of our business," Mumby said.
Lithium-ion describes an energy transfer method of harnessing lithium, a plentiful material with three times the energy density of nickel.
More than 50% of the manufacturing costs for lithium-ion and nickel-metal hydride batteries are for materials. Lithium-ion batteries will be cheaper than nickel-metal hydride batteries because it takes less lithium to deliver the same power as nickel, said Menahem Anderman, founder of Total Battery Consulting in Oregon House, Calif.
The consumer electronics industry is the primary user of lithium-ion batteries, most of which are found in cellular phones and laptops. But the popularity of the battery with consumer electronics could pose a problem for automakers, which would have little leverage with battery manufacturers to develop the battery they need.
"If you want a specific battery, you have to do it yourself," Hermance said. "And so that's what companies are doing. All of the auto companies have development programs, either internally or in partnerships with battery developers to come up with these high-power batteries."
Toyota uses a limited-volume lithium-ion battery in its Toyota Vitz, the Japanese version of the Yaris. But it often is not considered a true hybrid since it only uses the lithium-ion technology for its automatic start-and-stop system.
Lithium-ion battery manufacturers are working through safety concerns. One of the most critical manufacturing processes is the making of electrodes, the positive and negative poles of the battery, said Klaus Brandt, executive vice president of Lithium Technology Corp. in Plymouth Meeting, Pa. That process is typically done by a solvent-based coating process.
"There's a safety risk, but there are also all sorts of environmental burdens in handling large amounts of solvents," Brandt said.
Lithium Technology, (LTHU) which has a patented process for addressing environmental concerns, has a joint venture with ThyssenKrupp to develop battery systems for nonnuclear submarines. This battery system enables propulsion four times longer and safer than lead-acid powered vessels.
The company also offers a battery system that powers a hybrid vehicle up to 50 m.p.g. Lithium Technology already has a contract with an undisclosed automaker to develop a high-power battery management system designed to run a four-passenger hybrid vehicle capable of 60 m.p.g. with zero emissions.
Another challenge in developing lithium-ion batteries is finding a market that Japanese manufacturers are not already dominating, Brandt said.
"In general, Japanese battery manufacturers have made alliances with Japanese car manufacturers," Brandt said. "We believe that there is interest in getting access to this type of technology rather than going to Japan for joint ventures or other licensing deals."
Copyright (c) 2006, Detroit Free Press
Distributed by McClatchy-Tribune Business News. For reprints, email tmsreprints*permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
-------------------- Hi-ho Momo, awayyyy... Posts: 871 | From: So. Cal | Registered: May 2006
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Abazias Diamonds(OTCBB:ABZS) today announced that the Abazias Board of Directors and major shareholders have approved a reverse stock split and established a ratio of 1-for 40. Abazias common stock will begin trading on a reverse-split basis on September 11, 2006.
Effective September 11, 2006, the company's stock will trade under the symbol 'ABZSD' for 20 trading days to designate its post-reverse split status. After that period, trading will resume under the current symbol ABZS.
"The decision made by Abazias Board of Directors to complete the planned reverse stock split enables us to attract new investors," commented CEO Oscar Rodriguez. "Meanwhile, the online diamond and jewelry industry is moving to a new growth phase, Abazias' market share is trending up, and we are entering the busiest time of the year, holiday season. We are confident that this decision, combined with continued strong sales and increased presence in the marketplace, will contribute to shareholder value creation."
As a result of the reverse stock split, every 40 shares of Abazias common stock will be exchanged for one share of Abazias common stock. The reverse stock split affects all shares of common stock, stock options, and warrants of Abazias outstanding as of immediately prior to the effective time of the reverse stock split. The number of shares of outstanding Abazias common stock will be reduced to approximately 2.1 million from nearly 85.7 million.
The purpose of the reverse split is to reduce the number of outstanding shares in an effort to increase the market value of the remaining outstanding shares. In approving the reverse split, the board of directors considered that the Company's common stock may not appeal to brokerage firms that are reluctant to recommend lower priced securities to their clients. Investors may also be dissuaded from purchasing lower priced stocks because the brokerage commissions, as a percentage of the total transaction, tend to be higher for such stocks. Moreover, the analysts at many brokerage firms do not monitor the trading activity or otherwise provide coverage of lower priced stocks. The Board of Directors also believes that most investment funds are reluctant to invest in lower priced stocks.
Abazias.com showcases over 80,000 diamonds, valued at over $400 million on its site at www.abazias.com. Most of Abazias.com's diamonds are GIA, AGS or EGL certified. Abazias.com offers the "Couples Diamond(R)" which is required to meet even higher standards for cut, clarity and dimensions. Abazias.com is also a full-service jeweler offering a large selection of settings for stones purchased. For more information about Abazias.com, visit the Company's website at www.abazias.com.
This press release may contain statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: Abazias
IR Contact: SmallCapVoice.com Investor Relations Stuart T. Smith, 512-267-2430 SSmith*SmallcapVoice.com or PR Contact: Kollaras Communications Rebecca Kollaras, 305-754-5949 Rebecca*Kollaras.com Copyright Business Wire 2006
Posts: 199 | From: Tennessee | Registered: Apr 2006
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Systems Evolution Executive Selected for Channel Elite MBA Program via COMTEX
September 7, 2006
HOUSTON, Sep 07, 2006 (BUSINESS WIRE) --
Brad Wealand, VP of Consulting for Systems Evolution (OTCBB:SEVI) has been selected as a Channel Elite Member and is participating in an exclusive program created by CMP Technology's Institute for Partner Education & Development (IPED) in association with the Babson College School of Executive Education.
Wealand is one of a select group of executives chosen for the 2006-2007 program offering information-technology (IT) solution providers the resources and expertise to strengthen all aspects of running and managing their businesses. The yearlong program will enhance members' business practices, increase their visibility and foster business relationships to better service their customers.
"Only the highest-caliber solution providers qualified for this program," says Toni Clayton Hine, IPED managing director. "Senior executives were chosen based on their business acumen and history of success in delivering high value business and technology solutions to their clients. We are extremely pleased to have Systems Evolution be part of this Elite group."
About IPED
The Institute for Partner Education & Development (IPED) is the professional services division of the CMP Channel Group. Through access to extensive research, exclusive data and expert analysis, IPED applies proven best practices to deliver customized recommendations that accelerate channel revenue. With over 20 years of institutional knowledge, IPED is the only professional services organization that can leverage the resources of the CMP Channel Group, the unrivaled leading provider of information and access to the channel. Additional information on IPED is available at www.iped.com.
About Systems Evolution
Systems Evolution Inc. ("SEVI"), http://www.systemsevolution.com, is a publicly held professional services organization founded in 1993 that provides software development solutions and managed network support through its Consulting division, a Microsoft Gold Certified Partner, and permanent placement through its Next Hire Consultants division.
SOURCE: Systems Evolution Inc.
Systems Evolution Inc., Houston Robert Rhodes, 713-979-1600 ext. 105 investor.relations*systemsevolution.com
Copyright Business Wire 2006
Posts: 1580 | From: World | Registered: Jul 2006
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HOUSTON, Sept. 7 /PRNewswire-FirstCall/ -- Marmion Industries Corp (OTC Bulletin Board: MMIO) (Frankfurt M6IA.F) announced today the signing of a Subcontract on July 28, 2006 for the gross sum of $998,250.00 for the demolition, renovation and replacement of the mechanical equipment and duct work on a Houston, Texas Public School. The work is scheduled to start on September 21, 2006 and should be completed within the next twelve months. "This agreement marks the continued expansion of Marmion Industries Commercial Division and is evidence that we are making tremendous progress in bringing our products and services to the customers that need them. These customers include Texas Public School Districts and the State of Texas," said W.H. Marmion, president of Marmion Industries Corp. "We are highly pleased with our rate of growth in this market." Marmion Industries Corp (http://www.marmionair.com ) is a specialty company that manufactures and markets explosion-proof air conditioners, refrigeration systems, chemical filtration systems and building pressurizers. The explosion-proof market encompasses industries including oil and gas exploration and production, chemical plants, graineries and fuel storage depots. Additionally there is significant demand for these systems anywhere sensitive computer systems and analyzation equipment is located. Recognized by the Texas Dept. of Licensing and Regulation (TACLA019367C) as a contractor in the field of Heating Ventilation and Air Conditioning, as well as the Louisiana State Licensing Board of Contractors (Lic. No. 44001) as a contractor in the field of Commercial Heating Ventilation and Air Conditions and Sheetmetal. The Company commenced residential and commercial HVAC service operation in Texas in 1998 and has since provided specialty service to Fortune 500 clientele. Contact number 713-466-6585. Safe Harbor for Forward-Looking Statements: Except for historical information contained herein the statements in this news release are forward- looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.
SOURCE Marmion Industries Corp
-------------------- PREPARE TO BE BOARDED Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
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Northwest Biotherapeutics Receives FDA Clearance for Lung Cancer Trial Thursday September 7, 7:30 am ET Personalized Vaccine Cleared for Phase I Trial in Lung Cancer, the Leading Cause of Cancer Deaths Worldwide
BOTHELL, Wash., Sept. 7 /PRNewswire-FirstCall/ -- Northwest Biotherapeutics, Inc. (OTC Bulletin Board: NWBT.OB - News) today announced that it has received FDA clearance to proceed with Phase I clinical testing of its personalized therapeutic cancer vaccine, DCVax®-LB, in non-small cell lung cancer. The clinical endpoints of the trial will be progression-free survival (i.e., delay in progression of the cancer) and overall survival. ADVERTISEMENT
DCVax®-LB is an extension of the promising DCVax® personalized cancer vaccine that has already shown significant delay in disease progression and in extension of survival in clinical trials in two other cancers: Glioblastoma multiforme (primary brain cancer) and prostate cancer. DCVax® is a therapeutic vaccine, which is used to treat patients who already have cancer. DCVax® is a personalized treatment: it is made from a patient's own dendritic cells that have been "educated" to teach the immune system to recognize and kill cancer cells bearing the biomarkers of the patient's tumor.
"The same DCVax® platform can be used for the treatment of many different tumor types, since it incorporates all of the biomarkers from the patient's tumor," stated Dr. Alton Boynton, President of Northwest Biotherapeutics. "DCVax®-LB offers several key advantages over existing FDA-approved treatments. To date, DCVax® product candidates have shown no toxicity, and have been compatible with other standard therapeutic regimens, including chemotherapy and radiotherapy. In addition, clinical data on delay in disease progression and extension of survival in brain and prostate cancer to date are remarkable."
Lung cancer deaths in the US alone are over 160,000 per year as compared to 30,350 deaths per year for prostate cancer. Existing treatments for non-small cell lung cancer include surgery and radiation therapy, which are used in various combinations. These treatments have significant adverse side effects, and have had little effect on survival. Likewise, chemotherapies used in lung cancer have been highly toxic and have had little effect on survival. In its most recent study, the National Institutes of Health reported that the five-year survival rate for non-small cell lung cancer patients was only 6.2% during 1989-1996. Following initial treatment, virtually all cases of this cancer recur, with a life expectancy of only about one year following recurrence. No effective therapy exists for these patients today.
About Northwest Biotherapeutics
Northwest Biotherapeutics is a biotechnology company focused on developing immunotherapy products that treat cancers more effectively than current treatments, without toxicity, on a cost-effective basis. The Company has two broad platform technologies: dendritic cell-based vaccines, and therapeutic antibodies. The Company's three lead product candidates are: DCVax® -Prostate, a personalized dendritic cell vaccine for treatment of hormone independent non-metastatic prostate cancer, which is entering a Phase III clinical trial recently cleared by the FDA; DCVax®-Brain, a personalized dendritic cell vaccine for treatment of newly diagnosed Glioblastoma multiforme, which is entering a large Phase II clinical trial recently cleared by the FDA; and monoclonal antibodies to CXCR4, which are in late preclinical development for the treatment of cancer. For further information, please visit the company web site at www.nwbio.com .
Posts: 129 | From: Columbia, SC, USA | Registered: Oct 2004
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News for 'NEXH' - (Nexia Reports Significant Increases in Revenues)
SALT LAKE CITY, Sep 07, 2006 (BUSINESS WIRE) -- Nexia Holdings Inc. (OTCBB:NEXH)
Sales reports by Landis LLC, operator of the Landis Lifestyle Salon, an 85% owned interest through its subsidiary, reflected continued growth and improvement in the salon's operations for the month of August. Total revenues for the period from Aug. 1 through Aug. 31, 2006 were $128,000. Richard Surber, president of Nexia Holdings Inc., is pleased that sales and revenues have continued on their upward trend. He stated his belief, "This continued growth is evidence of the superior quality of the service and products offered at the Landis Salon."
Black Chandelier's stores in the Salt Lake area also reported sales figures for the month of August 2006 increasing. Total sales for August were $74,500, reflecting continued growth from the July sales report. Sales for prior months of 2006 were as follows: January 2006 = $16,654 / February 2006 = $19,046 / March 2006 = $22,942 / April 2006 = $20,087 / May 2006 = $19,300 / June 2006 = $33,867 / July 2006 = $61,116.
Sales of 2006 continue to dramatically increase in comparison to sales in 2005. June 2006 sales increased 193% from June 2005 and July 2006 increased 315% from July 2005. The continuing media attention is leading to the growth of sales of the fashion and related products offered by Black Chandelier through these retail outlets. Nexia expects to close upon the acquisition of Black Chandelier by Sept. 30, 2006.
This press release may contain forward-looking statements that are based on a number of assumptions, including the future operations of Landis LLC and Black Chandelier. Although Nexia Holdings believes these assumptions are reasonable, no assurance can be given that they will prove correct. These forward-looking statements involve a number of risks and uncertainties. The actual results that Nexia Holdings may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. For more information on Nexia Holdings please visit our Web site at www.nexiaholdings.com or see our filings at www.sec.gov.
SOURCE: Nexia Holdings Inc.
Posts: 1086 | Registered: Oct 2005
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BOCA RATON, Fla., Sep 07, 2006 (BUSINESS WIRE) -- DirectView, Inc. (DRVW) today announced its execution of an agreement with GS Energy Corporation (GSEG) to acquire GS Carbon Trading, Inc., an emissions trading company focused on the trading and sales of renewable energy certificates, or Green Tags, and energy efficiency certificates, or White Tags, as well as other similar attributes. GS Carbon also holds minority stakes in Sterling Planet, Inc. and TerraPass, Inc.
Sterling Planet is the nation's leading retail renewable energy provider and has established a strong reputation as the premier market maker for renewable energy sales. Sterling has sold over 4 billion kilowatt hours of renewable energy since its inception, representing enough energy to power 350,000 homes for a full year and offset 2.6 million tons of carbon dioxide. Sterling Planet currently services an impressive array of clients including Alcoa, The Coca-Cola Company, DuPont, Delphi Corporation, Duke University, University of Utah, Nike, Pitney Bowes, U.S. Environmental Protection Agency, the U.S. General Services Administration, the Homeland Security Department, Western Area Power Administration, New York State Energy Research and Development Authority (NYSERDA), the U.S. Army, Staples, Whirlpool Corporation, the World Resources Institute and over 150 other companies.
TerraPass is a service that aids in eliminating personal vehicle contributions to global warming. By issuing a "TerraPass" to its members, TerraPass utilizes its members' contributions to promote global energy efficiency and greenhouse gas reduction through targeted projects. It is through these clean energy projects that TerraPass counterbalances pollution from its members' vehicles.
Under the terms of its acquisition agreement with GS Energy, DirectView agreed to acquire 100% of GS Carbon in return for the issuance by DirectView to GS Energy of about 85% of DirectView's issued and outstanding stock. After completion of the acquisition, GS Carbon will be majority-held, publicly traded subsidiary of GS Energy, an integrated new energy production company whose mission is to facilitate the more efficient use of traditional sources of energy and the increased production and use of renewable sources of energy.
"GS Carbon was founded to specifically focus on building a trading business that effectively capitalizes on the evolving carbon markets while facilitating decarbonization," said Kevin Kreisler, GS Energy's chairman and chief executive officer. "GS Energy intends to provide GS Carbon with the necessary capital, management and other resources necessary to meet this goal in the immediate term in ways that do not interfere with the development of GS Energy's planed power production facilities. Our expectation is that this transaction, which is intended to establish GS Carbon in its own public platform, will greatly facilitate the growth and development of GS Carbon's carbon trading business."
The acquisition agreement also calls for the sale of DirectView's current videoconferencing businesses prior to completion of the acquisition. Additional information regarding the GS Carbon acquisition agreement will be made available later today in DirectView's Form 8K filing on the transaction.
About Carbon Trading
Green Tags enable retail residential and non-residential consumers to purchase green, or environmentally friendly, energy through their existing utility and offset reliance on power generated from fossil fuel sources. Green Tags are the intangible environmental benefits associated with generating one megawatt hour ("MWh") of electric energy from a renewable resource such as biomass, sunlight, and wind. Green Tags don't require the energy to be physically delivered to the buyer, but instead offset the difference between cost of the renewable power and power from fossil energy sources and can be used by consumers regardless of whether or not their local utility has access to green power generation.
White Tags are similar to Green Tags except they represent one MWh of electricity savings due to the use of energy conservation methods and equipment. White Tags are determined through precise calculations of energy savings derived from conservation measures, such as the use of more efficient lighting, heating and cooling. GS Carbon's Sterling Planet group is pioneering the U.S. market for White Tags with its state-of-the-art technology with advanced mathematical techniques and neural network algorithms to establish accurate (greater than 99.9%), scalable and cost-effective processes for the measurement, verification and certification of White Tags. Importantly, Green Tags and White Tags can be used to favorably impact the economics of renewable energy generation and energy conservation projects by monetizing reduced carbon emissions.
The Green Tag market is expected to grow from about $250 million to nearly one billion dollars per year by 2010. In addition, the new White Tag market is emerging as a potentially far larger market. Presently, these markets are characterized by fragmented brokerage-driven transactions. The growth and increasing liquidity of these markets is creating valuable opportunities for trade-driven transactions that capitalize more efficiently on changing market conditions.
Additional information on GS Energy and its business model is available online at http://www.gs-energy.com .
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of DirectView, Inc., and/or GS Energy Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: DirectView, Inc.
Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
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Blackout Media Corp. Clarifies Preferred Share Dividend
TORONTO, Sep 07, 2006 (MARKET WIRE via COMTEX) -- Blackout Media Corp.(PINKSHEETS: BKMP), on September 1st, announced that the Board of Directors has declared a stock dividend, payable to shareholders of record of September 15th, 2005. The dividend will consist of ten thousand (10,000) free preferred shares of Blackout Media Corp. for every one (1) shares of BKMP held on September 15th, 2005. Many shareholders are confused about this dividend; the following answers should help clarify the dividend:
1. Yes, the press release is correct: for every one common share of BKMP you will receive 10,000 preferred shares as long as you are a shareholder of record on the 15th of September.
2. For example, if you own 1,000,000 shares on the ex-dividend date you would get 10,000,000,000 preferred shares.
3. The preferred shares will have there own CUSIP number and trade separately under their own symbol as preferred shares -- different from the common shares.
4. NO, this is not an option; this is an outright grant to all shareholders. You have to do nothing, they will appear in your account a few weeks to a month after the 15th. I can't tell when they will appear; that is up the DTCC in New York and your brokerage firm.
5. The value of the shares is whatever the market assigns to the shares, it is a free market and they will assign a fair value to them. I can't tell you what it will be; that is not up to me.
6. A preferred shares is a non-voting stock that is similar to a debt instrument.
7. If you are a shareholder now you have common shares.
8. The preferred shares will be free trading shares.
9. A new symbol will be assigned by the NASD some time in the future; again I can't tell you when but we are anticipating some time this month.
10. The ex-dividend date will be set by the NASD, and as long as you own the common shares of BKMP on the ex-dividend date you will be a shareholder of record and you will be entitled to the dividend.
11. You will not be diluted by this dividend, because the preferred shares are non-convertible and non-voting; they do not affect the outstanding common shares of the company and as they will trade under a totally separate symbol your present common shares will continue to trade under the symbol of BKMP.
About Blackout Media Corp.: Blackout Media Corp. is a holding company with an interest in Blackout Communications who is a diversified media and entertainment company conducting operations in digital television, VOD, PPV, radio, the Internet and print, under the brand name "The Fight Network." The activities of Blackout Media Corp. are conducted principally in Canada and the United States.
Safe Harbor Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Media Contacts: Investor Relations Contact: Tim Foster OEB International Public Relations/Public Affairs Tel: (905) 682-7203 Fax: (905) 682-7481 E-mail: tfoster*oeb.com SOURCE: Blackout Media Corp. CONTACT: mailto:tfoster*oeb.com
Copyright 2006 Market Wire, All rights reserved. -0- SUBJECT CODE: Media and Entertainment:Music and Radio Telecom:Cable and Satellite Services Media and Entertainment:Television
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-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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TORONTO, Sep 07, 2006 (MARKET WIRE via COMTEX) -- In the news release, "Blackout Media Corp. Clarifies Preferred Share Dividend," issued earlier today by Blackout Media Corp. (PINKSHEETS: BKMP), we are advised by the company that the date of record for shareholders should be September 15th, 2006 rather than September 15th, 2005 as originally issued.
Complete corrected text follows. Blackout Media Corp. Clarifies Preferred Share Dividend TORONTO -- September 07, 2006 -- Blackout Media Corp. (PINKSHEETS: BKMP), on September 1st, announced that the Board of Directors has declared a stock dividend, payable to shareholders of record of September 15th, 2006. The dividend will consist of ten thousand (10,000) free preferred shares of Blackout Media Corp. for every one (1) shares of BKMP held on September 15th, 2006. Many shareholders are confused about this dividend; the following answers should help clarify the dividend:
1. Yes, the press release is correct: for every one common share of BKMP you will receive 10,000 preferred shares as long as you are a shareholder of record on the 15th of September.
2. For example, if you own 1,000,000 shares on the ex-dividend date you would get 10,000,000,000 preferred shares.
3. The preferred shares will have there own CUSIP number and trade separately under their own symbol as preferred shares -- different from the common shares.
4. NO, this is not an option; this is an outright grant to all shareholders. You have to do nothing, they will appear in your account a few weeks to a month after the 15th. I can't tell when they will appear; that is up the DTCC in New York and your brokerage firm.
5. The value of the shares is whatever the market assigns to the shares, it is a free market and they will assign a fair value to them. I can't tell you what it will be; that is not up to me.
6. A preferred shares is a non-voting stock that is similar to a debt instrument.
7. If you are a shareholder now you have common shares.
8. The preferred shares will be free trading shares.
9. A new symbol will be assigned by the NASD some time in the future; again I can't tell you when but we are anticipating some time this month.
10. The ex-dividend date will be set by the NASD, and as long as you own the common shares of BKMP on the ex-dividend date you will be a shareholder of record and you will be entitled to the dividend.
11. You will not be diluted by this dividend, because the preferred shares are non-convertible and non-voting; they do not affect the outstanding common shares of the company and as they will trade under a totally separate symbol your present common shares will continue to trade under the symbol of BKMP.
About Blackout Media Corp.: Blackout Media Corp. is a holding company with an interest in Blackout Communications who is a diversified media and entertainment company conducting operations in digital television, VOD, PPV, radio, the Internet and print, under the brand name "The Fight Network." The activities of Blackout Media Corp. are conducted principally in Canada and the United States.
Safe Harbor Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Media Contacts: Investor Relations Contact: Tim Foster OEB International Public Relations/Public Affairs Tel: (905) 682-7203 Fax: (905) 682-7481 E-mail: tfoster*oeb.com SOURCE: Blackout Media Corp. CONTACT: mailto:tfoster*oeb.com
Copyright 2006 Market Wire, All rights reserved. -0-
SUBJECT CODE: Media and Entertainment:Music and Radio
Telecom:Cable and Satellite Services
Media and Entertainment:Television
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-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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CHDT (.071) China Direct to Provide New Neutral Color Tiles
COOPER CITY, FL -- (MARKET WIRE) -- 09/07/06 -- China Direct Trading Corporation(OTCBB: CHDT), a trading company, today announced that the Company hasproduced based on perceived market demand several terracotta-color orneutral color variations of recently Dade County, Florida code-approved,Chinese-manufactured roofing tiles. The new tiles will be available fordeveloper and retailer exhibition and sales upon their arrival early nextweek.
"Consumer demand in South Florida appears to favor the more neutral colorroofing tiles," said Howard Ullman, Chairman and CEO of China Direct. "Weview this as fine-tuning our offering to meet the needs of what will be ourbiggest tile buyers over the long-term. We have already been proven to bethe strongest clay tile -- bar none -- and the level of interest amonghigh-end developers for this level of quality and strength has led them torequest the new colors. We are happy to adjust to market dynamics in orderto meet and fulfill pressing demand for our product."
As previously reported, the tiles marketed by China Direct subsidiaryOverseas Building Supply, LLC (OBS) recently received Notice of Acceptance(NOA) from the Dade County Product Control Division, which governs theproduct review process in Dade and Broward Counties, Florida. OBS hassecured annual production of twenty million roofing tiles and the factorycan expand its production facility if and when demand dictates.
For immediate information on the roof tiles, including photos and testingresults proving their superior strength and physical properties, visitwww.chdt.us. The new tile colors will be displayed on the site upon receiptnext week. To order tiles or for further information, call Howard Ullman at954-252-3440.
About China Direct: China Direct (http://www.chdt.us) is a holding companyengaged through its operating subsidiaries in the following business lines:Overseas Building Supply (OBS) is engaged in distribution of buildingmaterials including but not limited to roof tiles, interior doors, andinsulation materials. CPS (http://www.completepower247.com) is amajority-owned subsidiary engaged in a turnkey solution for standbycommercial and residential power generation. Souvenir Direct Inc. (SDI) isengaged in product development, manufacturing, distribution, logistics andproduct placement into mass retail of souvenir and gift items in 29countries. None of the web site URLs listed in this press release areincorporated into or are part of this press release.
FORWARD-LOOKING STATEMENTS: This press release, including the financialinformation that follows, contains "forward-looking statements" as thatterm is defined in the Private Securities Litigation Reform Act of 1995.These statements are based on China Direct's and its subsidiaries'managements' current expectations and assumptions, and involve risks anduncertainties. Such expectations and assumptions may prove to be faulty orincorrect. Actual results may differ materially from those anticipatedresults set forth in the statements. The forward-looking statements mayinclude statements regarding consumer demand, product orders, productdevelopment, product potential or financial performance. No forward-lookingstatement can be guaranteed, and actual results may differ materially fromthose projected. China Direct undertakes no obligation to publicly updateany forward-looking statement, whether as a result of new information,future events, or otherwise. Approval of products by governmentalauthorities does not mean that the products will be accepted by consumersor produce any revenues or profits. Forward-looking statements in thispress release and risks associated with any investment in China Direct,which is a "penny stock" company, should be evaluated together with themany uncertainties that affect our business, particularly those mentionedin the cautionary statements in current and future China Direct SECFilings, which statements we incorporate by reference herein.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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