KIRKLAND, WA, Sep 15, 2006 (MARKET WIRE via COMTEX News Network) -- MGN Technologies, Inc., doing business as Mobile Gaming Now (OTCBB: MGNLF), is pleased to announce they have signed a representation agreement with Poker Royalty, a private firm, located in Las Vegas, Nevada.
Poker Royalty has established themselves as the leaders of the industry, representing and negotiating marketing deals on behalf of most of the top ranked poker players in the world including Daniel Negreanu, Phil Hellmuth and Jamie Gold. Mobile Gaming Now has established their relationship with Poker Royalty for the purposes of marketing their unique Mobile Gaming platform as well as furthering potential business relationships within the gaming industry.
"We feel that while we have been able to establish a number of industry relationships, having a firm such as Poker Royalty represent us will open more doors and discussions much quicker than by going it alone. Poker Royalty was chosen because of their presence and strength within the poker world," said Mark Jensen, CEO and President of MGN Technologies, Inc.
For more information please contact MGN Technologies, Inc. at toll free 1-888-602-9596 or visit our website at www.mobilegamingnow.com
About Mobile Gaming Now
Mobile Gaming Now is a software developer and marketer, with offices in Kirkland, Washington and Vancouver, British Columbia. The Company operates its own gaming sites, as well as licenses its platform to strategic partners. The Company developed the first multi player Texas Hold'em game for free or money with integrated PC and mobile play. Please click onto www.mobilegamingnow.com for more information.
About Poker Royalty
Poker Royalty is a full service poker player marketing and representation agency specializing in the poker industry. Founded in 2003, Poker Royalty has successfully negotiated over 200 poker related sponsorships, endorsements, speaking appearances, licensing and consulting agreements. Poker Royalty's relationships within the gaming industry are unparalleled and include exclusive management of poker's most marketable players and properties. For more information, please contact:
James Sullivan Executive Vice President Poker Royalty, LLC 8367 West Flamingo Road, Suite 102 Las Vegas, Nevada 89147 Phone: 702-868-9003 Email: james*pokerroyalty.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations and/or claims.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the risk that current or future licensees of the Company's products are restricted by laws or regulations concerning gaming or related activities; (ii) the inability of the Company to license its products to licensees as a result of disputes over terms; (iii) the inability of the Company to keep pace with technological advancements in the mobile entertainment industry; (iv) the Company's software not operating as expected; (v) the Company suffering technological problems that the Company cannot economically repair; (vi) the Company not being able to retain key employees; (vii) competitors providing better or cheaper products; (viii) markets for the Company's products not developing as expected; (ix) the Company's inability to finance its operations or growth. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligations to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to risk factors disclosed in the Company's periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.
Distributed by Filing Services Canada and retransmitted by Market Wire
For more information please contact: MGN Technologies, Inc. Toll free 1-888-602-9596 Website www.mobilegamingnow.com
MIV Therapeutics Appoints Mid-America Heart Institute Director Dr. David Cohen to Scientific Advisory Board; Respected Interventional Cardiologist to Assist Commercialization of MIVT Technologies for Safer Cardiovascular Stents 9/15/2006
ATLANTA, Sep 15, 2006 (BUSINESS WIRE) -- MIV Therapeutics (OTCBB:MIVT) (FWB:MIV), a leading developer of next-generation biocompatible coatings and advanced drug delivery systems for cardiovascular stents and other implantable medical devices, has announced that David J. Cohen, M.D., M.Sc., has joined the Company's Scientific Advisory Board, where he will help guide the Company's clinical trials and other key research programs.
Dr. Cohen is the Director of Research at the Mid-America Heart Institute and Saint-Luke's Hospital in Kansas City, MO and Professor of Medicine at the University of Missouri-Kansas City. His research focuses on the application of cost-effectiveness methodology to novel interventions for the diagnosis and treatment of cardiovascular disease. He is also active in research to determine the short- and long-term outcomes of new devices for percutaneous coronary revascularization and identifying the optimal target populations and techniques for these devices.
"At MIVT, we are committed to attracting the brightest minds in our targeted industries," said Dr. Mark Landy, President of MIVT. "Dr. Cohen's experience will be a major addition to our advisory board as we move into the next phase of our clinical programs to bring MIVT's proprietary and unique biocompatible technologies to the global stent marketplace."
Prior to his current appointment at the Mid-America Heart Institute, Dr. Cohen was Associate Director of Interventional Cardiology at Beth Israel Deaconess Medical Center in Boston and Associate Professor of Medicine at Harvard Medical School where he also served as Director of Outcomes Research at the Harvard Clinical Research Institute. Dr. Cohen earned his M.D. at Harvard Medical School and his Master's degree in Health Policy at the Harvard School of Public Health. He did his clinical training at Brigham and Women's Hospital and was a clinical and research fellow in cardiology at Beth Israel Hospital for five years.
Dr. Cohen also serves on the editorial board for the American Heart Journal and Circulation and reviews for the American Journal of Cardiology, Journal of the American College of Cardiology, New England Journal of Medicine, JAMA, and Medical Decision Making.
The role of the Scientific Advisory Board is to review and advise the Company's management and Board of Directors on scientific strategies and procedures and to provide input and critique on the Company's Research and Development activities.
About MIV Therapeutics Inc.
MIV Therapeutics is developing a next-generation line of advanced biocompatible coatings for passive and drug-eluting applications on cardiovascular stents and a broad range of other implantable medical devices. The Company's ultra-thin coating formulation is designed to protect surrounding tissue from potentially harmful interactions with bare metallic stents. The Company's unique ultra-thin coating platform is derived from an organic material called hydroxyapatite (HAp) which has demonstrated excellent safety and biocompatibility in vivo animal studies. Hydroxyapatite is a bioactive porous material that makes up the bone mineral and matrix of teeth and is widely used today as a bone substitute material and for coatings on implantable fixation devices in orthopedic, dental and other applications. The Company's novel polymer-free drug eluting technologies based on Hydroxyapatite could also provide an attractive alternative to current polymer-based drug eluting coatings on the stent market, which have been associated with undesirable medical effects. The Company's drug eluting coatings are additionally designed to suit a broad range of implantable medical devices that could benefit from highly customizable drug release profiles. MIVT has a Collaborative Research Agreement (CRA) with the University of British Columbia and has received Government grant for its research program on the "Development of Novel Drug Eluting Composite Coatings for Cardiovascular Stents," under the National Research Council-Industrial Research Assistance Program (NRC-IRAP). Under this sponsorship, the Company is expected to complete its drug-eluting research and development program and to reach product commercialization stage. For more information, please visit http://www.trilogycapital.com/tcp/mivt/website.html. To read or download MIV Therapeutics' Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/mivt/factsheet.html. To obtain daily and historical Company stock quote data, and recent Company news releases, visit http://www.trilogy-capital.com/tcp/html/mivt.htm. MIVT is traded on the Frankfurt, Germany, stock exchange under the symbol MIV.
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "believe," "will," "breakthrough," "significant," "indicated," "feel," "revolutionary," "should," "ideal," "extremely" and "excited." These statements are made under "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See the Company's filings with the Securities and Exchange Commission including, without limitation, the Company's recent Form 10-K and Form 10-Qs, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
SOURCE: MIV Therapeutics Inc.
MIV Therapeutics Inc. Investor Relations, 604-301-9545 x14 Toll-free: 800-221-5108 Fax: 604-301-9546 investor*mivtherapeutics.com http://www.mivtherapeutics.com/ or, for Product Inquiries and Business Opportunities: Arc Rajtar, 604-301-9545 Ext. 22 arajtar*mivi.ca or Trilogy Capital Partners Paul Karon, Toll-free: 800-592-6067 paul*trilogy-capital.com Copyright Business Wire 2006
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American Messaging and Nighthawk Systems Strengthen Joint Marketing Agreement 9/15/2006
SAN ANTONIO, Sep 15, 2006 (BUSINESS WIRE) -- Nighthawk Systems, Inc. (OTCBB:NIHK) and American Messaging (http://www.americanmessaging.net/paging/news.asp) today announced that they have agreed to join forces to provide telemetry solutions to enterprise customers utilizing American Messaging's wireless network. American Messaging is now the second largest paging company in the United States with approximately 1.5 million customers, providing network coverage in 98 of the top 100 markets and in all 50 states. Nighthawk Systems is a leading provider of intelligent wireless power control and emergency notification products.
Together Nighthawk and American Messaging are better able to take advantage of each company's core competencies to provide the best wireless remote control solutions for customers. This agreement provides a mutually beneficial framework under which both Nighthawk and American Messaging can bundle each other's services and products into their own product offerings.
H. Douglas Saathoff, Nighthawk's CEO, commented, "I'm extremely pleased that we've reached this agreement with American Messaging. They have formed a company with a sole and absolute focus on paging, allowing our respective customers to benefit from utilizing their extensive network. Nighthawk has gained access to a larger, more focused network of sales and marketing personnel that is committed to providing time and money-saving solutions to both new and existing customers."
"American Messaging remains focused on providing our customers with the most reliable one-way nationwide paging coverage in the United States," said J. Roy Pottle, Chairman and Chief Executive Officer of American Messaging. "We believe this agreement is a perfect fit, as we provide a dependable wireless network for Nighthawk devices that enables customers to control equipment in remote locations."
About Nighthawk Systems, Inc.
Nighthawk is a leading provider of intelligent wireless power control products that enable simultaneous activation or de-activation of multiple assets or systems on demand. Nighthawk's installed customer base includes major electric utilities, Internet service providers and fire departments in over 40 states. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations.
Individuals interested in Nighthawk Systems can sign up to receive email alerts by visiting the Company's website at www.nighthawksystems.com.
About American Messaging
American Messaging Services is a leader in business-to-business paging solutions, providing high quality customer support infrastructure and network reliability with cost efficiency in order to ensure superior customer satisfaction. American Messaging is the second largest paging company in the United States with 1.5 million customers, providing nationwide frequencies in addition to numerous local frequencies with coverage in 98 of the top 100 major metropolitan areas and in all 50 states. American Messaging offers a variety of services to meet the paging needs of business, emergency response, healthcare, and government organizations of all sizes. Services range from traditional numeric paging to two-way paging allowing the user to send and receive e-mail messages. Additional information about American Messaging and its services is available at www.americanmessaging.net.
Forward-Looking Statements
Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.
SOURCE: Nighthawk Systems, Inc.
Nighthawk Systems, Inc., San Antonio Doug Saathoff, 877-7-NIGHTHAWK, ext. 701 dsaathoff*nighthawksystems.com or American Messaging J. Roy Pottle, 972-353-1879 roy.pottle*americanmessaging.net
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River Hawk Agreement to Be Signed on September 18th 9/15/2006
TRAVERSE CITY, MI, Sep 15, 2006 (MARKET WIRE via COMTEX News Network) -- Viva International, Inc. (Viva) (OTCBB: VIVI) announced this morning that its acquisition agreement for the assets of San Antonio, Texas-based River Hawk Aviation (River Hawk) is scheduled to be signed on September 18, 2006.
The agreements provide for Viva to acquire assets consisting of aviation parts inventory and a SAAB 340 for approximately $2.5 million. The remaining assets of River Hawk including customer lists, business processes, name, goodwill and other intangibles will be acquired for up to 3.5 million in restricted common shares of Viva.
River Hawk has been operational since June of 2003 and is expected to generate approximately $1.8 million in revenues for 2005 with estimated gross margins of $1.2 million. River Hawk forecasts expect revenues for 2007 to approximate $2.5 to $2.8 million.
Robert Scott, CFO and a Director of Viva, commented, "Viva is ready to move forward with the River Hawk agreements as all issues have been addressed and resolved as of the evening of September 14th with instructions forwarded to the attorneys to have the agreements ready for signature. I think it is safe to say that River Hawk and Calvin Humphrey are the cornerstones of moving the Viva business plan into gear not only with its existing business but with the management experience that comes with this acquisition. We asked Mr. Humphrey to present an overview of River Hawk at a gathering of investment bankers in New York on September 13th. The feedback was highly favorable, and we expect some financial commitments to come from this conference. Considering that Mr. Humphrey and I will be participating in conferences with the Cambridge Group, LLC on September 19th and 20th, there was additional motivation to get the River Hawk agreement executed. Based upon the feedback I am receiving, I expect that Viva will have a number of exciting changes to soon announce."
About Viva International
Viva International has a number of airline and aviation-related interests including two developmental-stage carriers being readied to operate in regional markets from hubs in Puerto Rico and Santo Domingo, Dominican Republic.
The Company plans to create a network of regionally based airlines across the Caribbean, eventually to be linked to key points in the United States, Latin America, South America, and Europe.
At present, the Company maintains executive offices in Michigan.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements which are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words as "believe," "expect," "intend," "anticipate," "project," or other similar expressions. These forward-looking statements relate to, among other things, future performance, and 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. Further information on potential factors that could affect Viva International, Inc. is found in the Company's Form 10-K and other documents filed with the U. S. Securities and Exchange Commission.
Contact: Viva International, Inc. (231) 932-7490 www.flyviva.com Nimbus Development Corp. Patrick DeBernardi 631-828-2525
NT Media Corp. in Deal with BANGO PLC to Sell Content to Mobile Users 9/15/2006
LOS ANGELES, Sep 15, 2006 (BUSINESS WIRE) -- NT Media Corp. (OTCBB:NTMM), a diversified media and entertainment company, announced today that it has signed with BANGO, PLC (LSE:BGO) to sell and deliver NT Media's content to mobile customers worldwide.
"We are very excited to be taking this next step in our mobile entertainment strategy, and are pleased to be working with BANGO," said Ali Moussavi, CEO of NT Media Corp. "This is a continuation of our previously announced foray into the growing m-commerce and mobile content sectors. With 2.2 billion mobile phones worldwide, $19 billion was spent on mobile content in 2005, and is expected to grow to $45 billion annually by 2009 according to industry sources. According to a recent study from Juniper Research, the global m-commerce market will be a US$88 billion industry by 2009. Juniper believes that digital goods such as mobile entertainment -- ring-tones, games, wallpaper, gambling, etc. -- will continue to be the largest application for buying and selling via the mobile phone," he added.
About NT Media
NT Media Corp. is a publicly traded diversified entertainment and media company based in Los Angeles, California, with operations in film and television and musical production and finance.
About BANGO PLC
BANGO PLC is a London Stock Exchange traded company which was founded in 1999 to enable content providers to benefit from the opportunities presented by the mobile internet. It has over 500 content providers in over 130 countries. Its industry partners include mobile operators such as Cingular Wireless, Vodafone (NYSE:VOD), and T-Mobile, a unit of Deutsche Telekom (NYSE:DT). Its content providers include MTV (NYSE:V), Sony BMG, EMI, WWI, and Discovery Mobile.
Forward-Looking Statements
Certain statements in this news release may constitute "forward looking" statements within the meaning of section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ.
SOURCE: NT Media Corp of California
NT Media Corp. Ali Moussavi, 323-445-4833 contact*ntmedia.tv
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Crimson Exploration Inc. Announces Effectiveness of Reverse Stock Split 9/15/2006
HOUSTON, Sep 15, 2006 (BUSINESS WIRE) -- Crimson Exploration Inc. (OTCBB:CXPI) ("Crimson" or the "Company") announced that effective as of the close of business on September 15, 2006, the Company will effect the previously announced one-for-10 reverse stock split of the Company's Common Stock, pursuant to which each 10 shares of the Company's Common Stock outstanding will be exchanged into one share of the Company's Common Stock. Trading in the Company's new shares will commence at the opening of business on September 18, 2006, under the new trading symbol of "CXPO." No fractional shares will be issued and stockholders who would be entitled to receive fractional shares because they held a number of shares not evenly divisible by ten will receive, in lieu of such fractional shares, shares based on rounding up to the nearest whole share. The total number of shares of the Company's common stock issued and outstanding prior to the reverse split is 33,229,430 and the total number of shares of the Company's common stock that will be issued and outstanding after the reverse split will be approximately 3,323,000. In connection with the reverse split, the Company maintained the number of authorized shares of Common Stock at 200 million and the par value of its Common Stock at $.001 par value per share.
After the effective date of the reverse stock split, though not required to, stockholders who would like to exchange their old certificates for new certificates should contact our transfer agent, Fidelity Transfer Company, 1800 South West Temple, Suite 301, Salt Lake City, Utah 84115 (telephone: 801-484-7222; facsimile: 801-466-4122). No new certificates will be issued to a stockholder until that stockholder has surrendered any outstanding certificate(s).
This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission ("SEC"). Such statements include those concerning Crimson's strategic plans, expectations and objectives for future operations. All statements included in this press release that address activities, events or developments that Crimson expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions Crimson has made based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond Crimson's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Please refer to our filings with the SEC, including the Crimson Form 10-K for the year ended December 31, 2005 for further discussion of these risks.
SOURCE: Crimson Exploration Inc.
Crimson Exploration Inc., Houston E. Joseph Grady, 281-820-1919
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Universal Detection Technology Publishes Paper on the Threat of Bio-terrorism 9/15/2006
Five Years After the Anthrax Attacks of 2001, Are Our Buildings Ready for Bio-terrorism?
LOS ANGELES, Sept. 15, 2006, Sep 15, 2006 (PRIMEZONE via COMTEX News Network) -- Universal Detection Technology (OTCBB:UDTT) (FWB:PO8), a developer of early-warning monitoring technologies to protect people from bio-terrorism and other infectious health threats, announced today that to coincide with the five-year anniversary of the deadly anthrax attacks in the united States, the Company has published a comprehensive paper on the biological threats facing the world and the steps taken to combat this threat. The paper focuses mainly on the vulnerability of buildings to an anthrax threat.
In October 2001, anthrax was sent through the mail and caused five deaths. Furthermore, thirteen others suffered anthrax infections. Today, bio-terrorism continues to be a threat. Recently in Los Angeles, there was a major simulation of an anthrax attack, and President Bush recently announced that in fact, there has been a foiled plot by al Qaeda operatives to produce anthrax. Additionally, no one has been brought to justice for the 2001 attacks and the origin of those deadly anthrax spores remains unknown.
"We have in the past five years continued our development of our Anthrax Detector, the BSM-2000 in conjunction with Caltech and NASA's Jet Propulsion Laboratory, and have also recently begun to do site detection for bio-threats. Our newly formed consulting division is well positioned to offer public venues and buildings advice about the threat of terrorism with biological, chemical, and nuclear weapons as well as to recommend technologies and protocols for threat reduction and security risk management," said Jacques Tizabi, UDTT's Chief Executive Officer.
Universal Detection Technology is a developer of monitoring technologies, including bio-terrorism detection devices. The Company on its own and with development partners is positioned it to capitalize on opportunities related to Homeland Security. For example, the Company, in cooperation with NASA has developed a bio-terror 'smoke' detector that detects certain bio-hazard substances. For more information, please visit http://www.udetection.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Universal Detection Technology Jacques Tizabi 310-248-3655 jtizabi*udetection.com CEOcast, Inc. for Universal Detection Technology Andrew Hellman 212-732-4300
(C) 2006 PRIMEZONE, All rights reserved.
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Renewable Synthetic Fuel (RSFuel), a division of GenMedx Inc. (OTC Bulletin Board: GMDX) has completed the acquisition of advanced technologies for the production of hydrogen using designer algae. The new production method uses alga for the photosynthetic process of generating hydrogen. RSFuel is working to complete commercial-scale production of synthetic hydrogen (Syn-H) using algae.
GenMedx Inc. is a public company trading on the OTC Bulletin Board under the symbol GMDX. With offices in Boca Raton, Florida. Renewable Synthetic Fuel (RSFuel) is a division of GenMedx and is focused on the production of hydrogen, ethanol and synthetic diesel fuels through the use of designer algae.
Sub-Urban Brands Joins Elite Urban Designers With Execution of Milestone Order From High-Profile Regional Fashion Retailer; East-Coast Trendsetting Retailer Selects Sub-Urban's Mash Culture Lab Brand to Capitalize on Global Youth Marketplace 9/16/2006
LOS ANGELES, Sep 16, 2006 (BUSINESS WIRE) -- Sub-Urban Brands, Inc. (OTCBB:SUUB), a multi-brand apparel company pursuing high-margin revenue growth in the global fashion industry, has secured a milestone order with high-profile retailer Active Wearhouse to carry the Company's recently launched Mash Culture Lab(TM) (MCL) clothing line.
The order further solidifies Sub-Urban's presence among the fashion industry's elite fashion companies.
For more than 25 years, Active Wearhouse has been an East Coast regional trendsetter with 10 high-gross regional retail stores specializing in urban street wear for New York and the tri-state area. Sub-Urban has received an order which includes initial distribution to four test stores including two in New York City's famed lower Broadway and Soho districts, with two more additional stores in the surrounding areas.
"We created the MCL(TM) line as bridge between the urban and street sensibility specifically to attract both national and regional retailers," said Joseph Shortal, Chief Executive Officer of Sub-Urban Brands. "Signing with fashion-forward regional retailer Active Wearhouse is a major validation of that strategy as we continue to see the success of our aggressive marketing and select vendor relationships. We believe this is another step closer to achieving the worldwide brand recognition that we intend to reach."
As a result of the agreement, Mash culture Lab(TM) will be sold together with urban fashion icons such as Akademics, Sean John, Enyce, Ecko Brands and Rocawear. To follow up on this initial group of test orders, Sub-Urban has also received an advance order from Active Wearhouse for its Spring 07 collection which will ship in early 2007.
As the newest brand in the Sub-Urban portfolio, Mash Culture Lab(TM) retains the cutting-edge design and appeal of Sub-Urban's WHITEBOY(R) brand including the signature rooster logo, yet targets an even broader market share. The brand concept represents today's most significant cultural youth movement, derived from a multitude of technological innovations that allow today's youth to combine previously disparate cultural movements like Hip Hop and Rock to create unique sounds, videos, automobiles and even customized clothing.
Recently, Sub-Urban announced that it shipped the first retail orders for the debut collection of MCL(TM) to national music retailer Virgin Megastores and trendsetting East Coast urban chain Dr. Jay's. These recent retail shipments amplify MCL(TM)'s visibility with music fans and cutting-edge urban markets throughout the country, and further validate Sub-Urban's multi-brand strategy to create a diversified brand portfolio aimed at maximizing revenue potential while maintaining strong brand appeal for each consumer base.
Sub-Urban's provocative brands have been engineered to generate consumer buzz and to maximize marketplace sales and exposure. The Company's brands have been widely featured in high-profile fashion magazines, online publications and news media. The Company is committed to aggressive appreciation through organic and acquisitioned growth, including the purchase of additional trademarked apparel and accessory lines.
Sub-Urban primarily targets the demographic of 13-29-year-old consumers, comprising an estimated 40 million-plus consumers in the U.S. alone. Sub-Urban is committed to generating high-volume sales by addressing this multibillion-dollar youth market with hip styles inspired by urban and music culture.
Based in Los Angeles, the established entertainment and new apparel manufacturing capital of the United States, Sub-Urban's printing techniques, washes, embroideries and appliques, have galvanized youth culture and A-list celebrities, including: Don Cheadle (Crash), Tommy Lee (Motley Crue) and Jessica Alba (Sin City), among many others.
About Sub-Urban Brands
Sub-Urban Brands, Inc. is a multi-brand company which designs and markets cutting-edge lifestyle apparel that targets the rapidly-growing multibillion-dollar youth consumer marketplace. The Company pursues robust revenue-generating opportunities within multi-tiered retail markets that leverage multiple brands and market segments to create financial success. Sub-Urban is committed to further expansion and increased shareholder value through both the internal development of intellectual property and acquisition of additional brands, as well as to the establishment of new international marketing alliances that will reinforce its recurring and non-recurring revenue streams. Inspired by the energy and vigor of youth, urban and music culture, Sub-Urban is initially focused on creating a family of non-competing brands for its key target consumer, an estimated 40 million 15-29 year olds. Sub-Urban's current portfolio of trademarked apparel and accessory brands includes WHITEBOY(R) for Men, WHITEBOY(R) Girl, Mash Culture Lab(TM), BLACK JESUS(R) streetwear apparel and PYT(TM) styles for younger girls. Consistent with the company's high growth strategies, the Company will be actively marketing these brand offerings to Japan, Canada, Australia and 25 European countries. For additional information, please visit www.whiteboy.com,www.whiteboygirl.com,www.mashculturelab.com, and www.getcocky.com. For more investor oriented information about Sub-Urban, visit http://www.trilogy-capital.com/tcp/sub-urban/. For current stock price quotes and news, visit http://www.trilogy-capital.com/tcp/sub-urban/quote.html. To view an Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/sub-urban/factsheet.html.
Forward-Looking Statements
This press release includes statements that may constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, availability of capital and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
SOURCE: Sub-Urban Brands, Inc.
Sub-Urban Brands, Inc. Caroline Rothwell, 323-781-2276 or Financial Communications Trilogy Capital Partners Paul Karon, 800-592-6067 paul*trilogy-capital.com
Copyright Business Wire 2006
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PURE BIOFUELS CORP Quick Quote: PBOF 1.37 (+0.12) Pure Biofuels Corp. Closes Share Exchange Agreement with Pure Biofuels del Peru SAC 9/16/2006 VANCOUVER, British Columbia, Sep 16, 2006 (BUSINESS WIRE) --
Pure Biofuels Corp. (OTCBB:PBOF) ("Pure Biofuels" or the "Company") is pleased to announce that it has closed the Share Exchange Agreement with Pure Biofuels del Peru SAC ("Pure Biofuels Peru") and its shareholders. Pursuant to the terms of the Share Exchange Agreement, the Company acquired approximately 99.9% of the issued and outstanding shares of common stock in the capital of Pure Biofuels Peru, in exchange for the issuance of 29,999,970 common shares in the capital of the Company.
The Company intends to close a private placement equity financing of no less than $6 million by October 31, 2006. The shares issued in connection with the acquisition have not been, and the shares issued in connection with the proposed private placement will not be, registered under the Securities Act of 1933 as amended (the "Act"), and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Act.
The Company's Chief Executive Officer, Luis Goyzueta, states, "By completing this share exchange agreement, Pure Biofuels Corp. is poised to commence execution on schedule of the planned 48,000 glns/day refinery in Peru."
About Pure Biofuels
Pure Biofuels is committed to being a leader in Latin America's rapidly emerging biofuels industry. Pure Biofuels' flagship project, the Callao Port biodiesel refinery near Lima, Peru, is scheduled to commence production in August 2007. The Callao Port refinery will process 48,000 gallons of biodiesel per day from crude palm oil feedstock. Pure Biofuels has secured pre-sale agreements with local fuel distributors for all of Callao Port's 16.8 million gallons of annual biodiesel production. Pure Biofuels trades under the symbol PBOF.OB on the OTC Bulletin Board.
About Biodiesel
Biodiesel is a clean and renewable energy source derived from vegetable oil that can be used in unmodified diesel engines. Biodiesel improves overall engine performance, is 100% compatible with existing diesel vehicles and infrastructure, and has proven reliable in over 50 million miles road testing. Biodiesel significantly reduces harmful exhaust emissions, which contribute to global warming, is non-toxic at any level, and is the first and only fuel to have passed the Clean Air Act. The United Nations expects biofuels to account for a full 25% of world energy needs by 2025.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Since the forward-looking statements relate to future developments, results or events, these statements are highly speculative and involve risks, uncertainties and assumptions that are difficult to assess. You should not construe any of these statements as a definitive or invariable expression of what will actually occur or result. Such forward-looking statements include, among others, the expectation and/or claim, as applicable, that (i) the Company intends to close a private placement equity financing by October 31, 2006; (ii) Pure Biofuels Corp. is poised to commence execution on schedule of the planned 48,000 glns/day refinery in Peru; and (iii) Pure Biofuels' flagship project, the Callao Port biodiesel refinery near Lima, Peru, is scheduled to commence production in August 2007.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, (i) Pure Biofuels' ability to close the private placement; (ii) Pure Biofuels' ability to raise the necessary capital to complete construction of the biodiesel refinery; (iii) Pure Biofuels' ability to obtain any necessary government, regulatory or other permits or approvals; (iv) Pure Biofuels' ability to operate effectively in a highly competitive industry with many participants; (v) Pure Biofuels' ability to keep pace with technological advances and correctly identify and invest in the technologies that become commercially accepted; (vi) Pure Biofuels' ability to protect their intellectual property rights and exposure to infringement claims by others; (vii) Pure Biofuels' ability to operate the biodiesel refinery, if and when construction is completed, efficiently, without work stoppages, labour disputes, equipment/mechanical break-downs, political, economic and social unrest and in compliance with new governmental regulations; and (viii) compliance with environmental, health and safety laws. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time to time with the Securities and Exchange Commission and available at www.sec.gov.
SOURCE: Pure Biofuels Corp.
Pure Biofuels Corp. David Clifton, 778-895-3595 Copyright Business Wire 2006
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VIVA INTERNATIONAL INC Quick Quote: VIVI 0.06 (-0.01) River Hawk Agreement to Be Signed on September 18th 9/15/2006 TRAVERSE CITY, MI, Sep 15, 2006 (MARKET WIRE via COMTEX News Network) --
Viva International, Inc. (Viva) (OTCBB: VIVI) announced this morning that its acquisition agreement for the assets of San Antonio, Texas-based River Hawk Aviation (River Hawk) is scheduled to be signed on September 18, 2006.
The agreements provide for Viva to acquire assets consisting of aviation parts inventory and a SAAB 340 for approximately $2.5 million. The remaining assets of River Hawk including customer lists, business processes, name, goodwill and other intangibles will be acquired for up to 3.5 million in restricted common shares of Viva.
River Hawk has been operational since June of 2003 and is expected to generate approximately $1.8 million in revenues for 2005 with estimated gross margins of $1.2 million. River Hawk forecasts expect revenues for 2007 to approximate $2.5 to $2.8 million.
Robert Scott, CFO and a Director of Viva, commented, "Viva is ready to move forward with the River Hawk agreements as all issues have been addressed and resolved as of the evening of September 14th with instructions forwarded to the attorneys to have the agreements ready for signature. I think it is safe to say that River Hawk and Calvin Humphrey are the cornerstones of moving the Viva business plan into gear not only with its existing business but with the management experience that comes with this acquisition. We asked Mr. Humphrey to present an overview of River Hawk at a gathering of investment bankers in New York on September 13th. The feedback was highly favorable, and we expect some financial commitments to come from this conference. Considering that Mr. Humphrey and I will be participating in conferences with the Cambridge Group, LLC on September 19th and 20th, there was additional motivation to get the River Hawk agreement executed. Based upon the feedback I am receiving, I expect that Viva will have a number of exciting changes to soon announce."
About Viva International
Viva International has a number of airline and aviation-related interests including two developmental-stage carriers being readied to operate in regional markets from hubs in Puerto Rico and Santo Domingo, Dominican Republic.
The Company plans to create a network of regionally based airlines across the Caribbean, eventually to be linked to key points in the United States, Latin America, South America, and Europe.
At present, the Company maintains executive offices in Michigan.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements which are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words as "believe," "expect," "intend," "anticipate," "project," or other similar expressions. These forward-looking statements relate to, among other things, future performance, and 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. Further information on potential factors that could affect Viva International, Inc. is found in the Company's Form 10-K and other documents filed with the U. S. Securities and Exchange Commission.
Contact: Viva International, Inc. (231) 932-7490 www.flyviva.com Nimbus Development Corp. Patrick DeBernardi 631-828-2525
Royal Standard Minerals: Plans for Investor/Shareholder Market Awareness Program 9/18/2006
MANHATTAN, NEVADA, Sep 18, 2006 (MARKET WIRE via COMTEX News Network) -- ROYAL STANDARD MINERALS INC. ("RSM") (TSX VENTURE: RSM)(OTCBB: RYSMF) as a means to help with the market awareness going forward the Company has committed to a program focused on the US market. The Company has employed Mr. Jeffrey B. Wolin of Los Angeles, California to spearhead this program. Mr. Wolin has been the President of Brighton Capital, Ltd., a boutique investment banking firm representing parties in mergers and acquisitions, public and private placements, convertible preferred/debt offerings, senior debt offerings and related services since 1997. From 1994 until 1997, Mr. Wolin was a consultant to public companies in connection with mergers and acquisitions and financings. From 1992 until 1994, Mr. Wolin was an associate with the law firm of Demetriou, Del Guercio and Lovejoy in Los Angeles; from 1988 until 1992, an associate with the law firm of DeCastro, West, Chodorow and Burns in Los Angeles, CA; and from 1982-1988 an associate at the law firm of Wolf, Block, Schorr and Solis-Cohen in Philadelphia, PA. Throughout his legal practice, Mr. Wolin has specialized in corporate transactions, mergers and acquisitions, public filings, and financings. Mr. Wolin received a Bachelors of Science in Biomedical and Chemical Engineering from Columbia University, New York, NY and a Juris Doctorate from the University of Miami, Coral Gables, FL.
The program will concentrate upon getting the Company familiar to institutional investors, hedge funds, large capital commodities funds and selected individual investors. Mr. Wolin will act an advisor in connection with, among other things, advisory services, financings, debt arrangement and/or sales or acquisitions of assets and assisting in the negotiation of other transactions to include the introduction of the Company to institutional and high net worth investors as required.
The Company is near the completion of a complete makeover of its website which will include an overhaul of the corporate presentation that the Company will present to the public. This effort has been going on for the past several months and is expected to be completed by mid-October, 2006. This work also includes the development of a complete booth presentation for trade and other promotional public meetings that the Company expects to attend on a regular basis going forward to present the Royal Standard Minerals Inc. Nevada story. The Company has identified an investor relations representative to manage this portion of the Corporations investor relations program. This person will work closely with Mr. Wolin and management in regard to personal contacts with prospective investors on an ongoing basis. According to Roland Larsen, President & CEO, "I believe that we have set the stage for a long term positive, effective investor awareness program with a professional team that is commensurate with the corporations plans for future growth."
The Canadian Venture Exchange does not accept responsibility for adequacy or accuracy of this release as per Exchange Policy 3.3 section 6.5.
Royal Standard Minerals cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to, volatility of mineral prices, product demand, market competition, imprecision of mineral estimates, and other risks detailed herein and from time to time in the Securities and Exchange Commission filings of the Company.
C.U.S.I.P. # 780919106
LISTED: STANDARD & POORS
Contacts: Royal Standard Minerals Roland Larsen Qualified person, NI-43-101 (775) 487-2454 (775) 487-2460 (FAX) Royal-Standard.com
SOURCE: Royal Standard Minerals Inc.
Copyright 2006 Market Wire, All rights reserved.
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Ethanex Energy, Inc. (OTCBB: EHNX), a renewable energy company whose mission is to become the ethanol industry's low-cost producer, today announced that it has entered into a joint venture with Star Ethanol, LLC for the construction and operation of an ethanol facility located in Franklin County, Illinois. The facility will incorporate the fractionation technology developed at Ethanex's SEMO plant and will produce 132 million gallons of fuel grade ethanol per year.
The joint venture company will be known as Ethanex Southern Illinois. Initially the joint venture will be 85% owned by Ethanex Energy and 15% owned by Star Ethanol. Ethanex Energy will secure financing for the project as well as oversee the design and construction of the plant. Construction is expected to begin during the first quarter of 2007 and the facility is expected to be completed during the second half of 2008. Once operational, Ethanex will operate and market the ethanol and ethanol related products produced. Star Ethanol has the right to secure an additional 10% ownership interest in the joint venture through further capital contributions made before mechanical completion of the facility.
"We are excited to announce the strategic relationship with Star Ethanol. This project incorporates all of the elements required to create a world-class ethanol manufacturing facility. The partnership with Star Ethanol will enable us to get this plant up quickly, benefiting everyone involved," said Al Knapp, President and Chief Executive Officer of Ethanex. "Ethanex Energy's technology, project development and operations expertise combined with Star Ethanol's current location creates a strategic partnership capable of implementing the project efficiently and cost effectively, adding value to Star Ethanol and Ethanex shareholders," Knapp added.
"We are excited to be locating one of our facilities in Illinois. The project has received strong support in both Franklin County and at the State level," said Bryan Sherbacow, Co-Chief Operating Officer. Ethanex Southern Illinois is another important step in our program to implement next generation technologies enabling unprecedented reductions in the cost of production of ethanol."
Ronald Gerino, President and Chief Executive Officer of Star Ethanol observed, "We selected Ethanex Energy due to their expertise, superior technological capabilities, and industry relationships." Gerino also noted that "by combining our respective resources, Ethanex Southern Illinois is competitively positioned in the rapidly expanding ethanol market."
About Ethanex Energy, Inc.
Ethanex Energy, Inc. is a renewable energy company whose mission is to become the ethanol industry's low-cost producer. The Company expects to achieve this industry position through the application of next-generation feedstock technologies and use of alternative energy sources. Ethanex Energy is currently developing three ethanol production facilities located in the Midwest, with a combined production capacity of approximately 300 million gallons of ethanol per year. The Company expects these three plants to be operational in 2008. Ethanex Energy is concentrating its geographic focus in areas that allow access to abundant supplies of corn, alternative energy sources, transportation infrastructure and the potential for expedited permitting. Ethanex Energy's acquisition and brownfield development strategies afford it rapid capacity development with significant operating cost advantages. The Company's senior management has over eighty years of experience in the energy sector including the design, construction and operation of hundreds of power generation facilities. Ethanex Energy is based in Basehor, Kansas with offices in Santa Rosa, California and Charleston, South Carolina. For more information about Ethanex Energy, visit www.ethanexenergy.com
Forward-Looking Statements
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, including without limitation those statements regarding the Company's ability to exploit ethanol development and production opportunities. These statements are expressed in good faith and based upon a reasonable basis when made, but there can be no assurance that these expectations will be achieved or accomplished. Although the forward- looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements including, but not limited to, our inability to generate sufficient operating cash flow to construct and adequately maintain our production facilities and service our anticipated debt, commodity pricing, environmental risks and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including those risks set forth in the Company's Current Report on Form 8-K filed on September 6, 2006, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward- looking statements in order to reflect any event or circumstance that may arise after the date of this release.
SOURCE: Ethanex Energy, Inc.
Ethanex Energy, Inc. Bryan Sherbacow, 843-724-1555 b.sherbacow*ethanexenergy.com www.ethanexenergy.com or Investor Relations: Strategic Growth International Jennifer K. Zimmons, Ph.D., 212-838-1444 jzimmons*sgi-ir.com www.sgi-ir.com Copyright Business Wire 2006
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By Market Wire Last Update: 9/18/2006 8:03:40 AM Data provided by
COOPER CITY, FL, Sep 18, 2006 (MARKET WIRE via COMTEX) -- China Direct Trading Corp. (CHDT) announced today that it has acquired Capstone Industries Inc. (www.capstoneindustries.com). The acquisition of Capstone furthers China Direct's current strategic plan to expand domestic distribution opportunities through strategic investment and acquisition. CHDT issued 234,399 shares of its Series B Preferred Stock (convertible into 15.625 million shares of CHDT Common Stock) and $750,000 in cash (from the CHDT credit line with certain members of management) to acquire 100% of Capstone's common stock.
Capstone Industries (Deerfield Beach, FL), established in 1997, is an innovator in growing book light and multi-task lighting categories, holding several product and design patents and trademarks, and is engaged in product/design development, manufacturing, and distribution nationwide. Existing retailer distribution agreements include, but are not limited to, mass market retailers (Wal-Mart), office-supply chains (Staples), book store chains (Barnes & Noble), warehouse clubs (Costco), supermarket chains (Kroger), drug chains (Rite Aid), Department Stores (Dillards), and book clubs (Scholastic). For FY2005 (unaudited), Capstone had gross sales of $2.167 million, gross profit of $661,489 and net income of $92,535 after a one-time tax deferral adjustment of ($209,940). Pro forma financials for the acquisition will be filed as soon as practicable with the SEC.
Capstone's product development, domestic distribution, marketing expertise, overseas sourcing and product diversification is expected to positively contribute revenue growth in 2007. CHDT hopes that Capstone will bolster the non-power generator revenues of CHDT business lines and help diversify CHDT revenue sources. "We want to remain consistent with our strategic plan of dealing in products that can be distributed by existing channels, do not require extensive inventory and have a relatively short sales cycle," said Howard Ullman, Chief Executive Officer and President of CHDT. "Capstone complements our existing souvenir business by being mostly a direct sale to national or regional corporate customers," added Mr. Ullman.
About CHDT: CHDT is a public holding company acting, through its subsidiaries, as a distributor of commercial and residential standby power generators as a trading company focused on selling Chinese-made goods in North America, especially roofing tiles and promotional, souvenir and gift items.
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Homeland Integrated Security Systems, Inc. Announces Record and Payment Date for Stock Dividend 08:31 a.m. 09/18/2006 Provided By Market Wire
ASHEVILLE, NC, Sep 18, 2006 (MARKET WIRE via COMTEX) -- Homeland Integrated Security Systems, Inc. (PINKSHEETS: HISC) is pleased to announce the Company has established a record date of October 13, 2006 for the EVSY stock dividend. Homeland Integrated Security Systems announced that the corresponding payment date for the dividend will take place on October 25, 2006.
All Homeland Integrated Security shareholders of record as of October 13, 2006 will receive 1 share of Evans Systems, Inc. for every 50 shares of HISC they own as of the record date. Evans Systems has recently been trading in the $0.50 to $0.75 per share range.
"We were recently able to complete the acquisition of Evans Systems shares and are now looking forward to rewarding our loyal shareholders with the upcoming stock dividend. Based on current stock prices for Evans Systems, we believe this should be a substantial value for any investor in Homeland Integrated Security Systems," stated Fred Wicks, CEO of Homeland Integrated Security Systems, Inc.
Homeland Integrated Security Systems, Inc. recently announced that the Company has received initial payment for the first shipment of Cyber Trackers to XPress Telecommunications of Jordan. Homeland Integrated Security Systems expects to ship the first fifty Cyber Tracker units in the coming week. The remaining 975 units will be scheduled for shipment over the next several months.
About Homeland Integrated Security Systems, Inc.:
Homeland Integrated Security Systems, Inc. owns proprietary technology and has the rights to use patents to some of the most innovative and sophisticated security products. Cyber Tracker technology has applications for data and tracking functions across numerous verticals. For more information please visit our website www.hissusa.com .
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
Contact: Homeland Integrated Security Systems Investor Relations 1-866 THE APPL(E) http://www.hissusa.com
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September 18, 2006 06:30 AM Eastern Time GPS Industries Signs Eleven Golf Courses to Million Dollar Hole-in-One Program in Four Weeks; Golfers and Club Managers Are Hot on GPSI's Fire At The Flag(TM) VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 18, 2006--GPS Industries Inc. (GPSI) (OTCBB:GPSN), the leading innovator of Wi-Fi enabled GPS systems for golf facilities and residential communities, proudly announces that eleven golf facilities in three countries have signed contracts to host GPSI's Fire At The Flag(TM) hole-in-one program. Fire At The Flag(TM) is a patent-pending game of skill that gives amateur golfers a chance to win money and merchandise including a grand prize of more than $1,000,000.00 (US).
"I am very happy with our success," says GPSI Director of Business Development, Rob Silzer. "We did a lot of research and testing to develop the concept so we believed we had a winner, but you only know you're right when customers start signing up."
Fire At The Flag(TM) is a turnkey program that allows any golf course to offer an exciting hole-in-one event every day of the week. The program integrates GPSI's patented distance measurement technology along with their full-color 10.4-inch LCD monitor and allows golfers -- for a minimum participation fee -- to win as much as $25,000.00 instantly. All hole-in-one winners also earn a shot at the Grand Prize of more than $1,000,000.00 cash.
While originally created as yet another revenue-generating component of the company's Inforemer(TM) GPS Management System, the Fire At The Flag(TM) program is available to any golf course. As Rob Silzer explains: "Golf courses are surprised to learn they can host Fire At The Flag without being an Inforemer customer because it's such a potent money-maker. In fact, all our initial revenue projections are easily being exceeded at most courses. And many are earning twice what was projected."
Fire At The Flag(TM) is available worldwide through GPSI's global sales team. Golf facilities interested in this program should contact Rob Silzer, GPSI's Director of Business Development, at 604-576-7442 or rob*gpsindustries.com.
About GPS Industries (GPSI)
GPS Industries, Inc. (OTCBB:GPSN) is the leading innovator of Wi-Fi enabled GPS systems for golf facilities and residential communities. The company's patented INFOREMER(TM) System provides GPS distance information, a Wi-Fi communications network with asset tracking capabilities, augmented by a suite of management tools and revenue generating modules. Central to the system's functionality are the full color cart-mounted and handheld display units, which have been recognized for their remarkably vivid graphics. For additional information please visit www.gpsindustries.com
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GYM Is a Dandy Fit for The Fight Network Announces Blackout Media Corp.
TORONTO, Sep 18, 2006 (MARKET WIRE via COMTEX) -- Blackout Media Corp.'s (PINKSHEETS: BKMP) The Fight Network Inc. is pleased to announce that it has signed a multi-fight programming deal with Groupe Yvon Michel ("GYM"). The agreement will see The Fight Network air fourteen (14) current boxing events produced by GYM. "GYM is the most active boxing promotion in the country and we are thrilled to have it on our schedule," said Brian Sobie, VP of Programming for The Fight Network. "It gets monster ratings in Quebec and we expect it to do the same when we bring it to the rest of the country." GYM events take place at the spectacular Casinos of Montreal and Lac Lamy and feature world-class boxers like Otis Grant, Joachim Alcine, Hermann Ngoudjo, and Patrice L'Heureux. "GYM has established itself as a world-class boxing promotion. We have great athletes, exciting events and with the help of The Fight Network we look forward to bringing our brand of boxing to fans right across Canada," said GYM president and founder, Yvon Michel.
About The Fight Network: The Fight Network is a cross-platform media company with brand interest in television, pay-per view, radio, mobile and web. All five of these media are seamlessly integrated to offer fans of combatant sports and related entertainment a true convergence experience. The Fight Network Inc. corporate headquarters is located in Toronto, Canada. The Fight Network's Website is: www.thefightnetwork.com. About GYM: Groupe Yvon Michel (GYM) is on a mission to popularize Canadian professional boxing by organizing regularly scheduled events held in popular venues, which are presented to a wider audience via television. Founded in July of 2004, GYM has quickly distinguished itself as the most prolific organization in the history of Canadian boxing. 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.
Investor Relations: CONTACT: Blackout Media Corp. Telephone 416-987.2133 Fax 416 348.9418 E-mail ir*blackoutmedia.com URL: www.thefightnetwork.com / www.liveaudiowrestling.com / www.mmaweekly.com Media Contact: Stephen Murdoch OEB International c/o The Fight Network Inc. Public Relations/Public Affairs Tel: (905) 682-7203 extension 22 Fax: (905) 682-7481 E-mail: smurdoch*oeb.com SOURCE: Blackout Media Corp. CONTACT: mailto:ir*blackoutmedia.com http://www.thefightnetwork.com http://www.liveaudiowrestling.com http://www.mmaweekly.com mailto:smurdoch*oeb.com Copyright 2006 Market Wire, All rights reserved. -0- SUBJECT CODE: Media and Entertainment:Television Telecom:Cable and Satellite Services Sports:Individuals and Teams Sports:Competitions and Venues Return to Headlines
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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EFSF (.22) Reports Record First Quarter Revenues; Company's First Quarter Fiscal 2007 Revenue Nearly Exceeds Total Fiscal Year Ended April 30, 2006 Revenues
eFoodSafety.com Inc. (OTCBB: EFSF), dedicated to improving health conditions around the world through innovative products and technologies, announced today that the company reported record revenues in excess of $500,000 for the first quarter ended July 31, 2006, in its Form 10-QSB filed with the Securities and Exchange Commission. These record revenues nearly exceeded the company's revenues for the entire prior fiscal year ended April 30, 2006.
Patricia Gruden, eFoodSafety CEO, stated, "We are extremely pleased to announce record company revenues in the quarter. I believe we have now reached an inflection point and that these tangible results clearly demonstrate that we are now expeditiously moving eFoodSafety and many of its products and technologies from the developmental stage to the marketing stage. Importantly, we have also reduced our debt while maintaining a strong financial position which we anticipate will provide us with sufficient capital to operate all divisions through our next fiscal year."
Gruden further commented, "The strategic initiatives we began in September 2005 when I became president of the company have now clearly begun to show positive results. I am cautiously optimistic that these initial results are only the beginning of many significant strategic steps that will continue to materialize in upcoming months. The company and its divisions, MedElite Inc. and Knock Out Technologies, Ltd., are committed to the continuous development and marketing of its products, including those already announced and new products in the pipeline. We anticipate providing our shareholders with further information on these favorable developments in the near-term as we remain focused on building shareholder value."
About eFoodSafety.com Inc.
eFoodSafety.com Inc. is dedicated to improving health conditions around the world through its innovative technologies. The company's Knock-Out Technologies, Ltd. subsidiary has developed an environmentally safe sporicidal product formulated entirely of food-grade components that eradicates anthrax and a germicidal product, Citroxin (formerly named Big Six Plus) -- EPA Reg. No. 82723-1 that kills six major bacteria: E-coli, Listeria, Pseudomonas, Salmonella, Staphylococcus, and Streptococcus, Avian Influenza, and Black Mold. The sporicidal product has completed its final efficacy laboratory study requisite for EPA registration. In the study, it eradicated both Clostridium Sporogenes and Bacillus Subtilis with 100% efficacy on both hard and porous surfaces. The company's MedElite Inc. subsidiary distributes clinically proven products to physicians who then prescribe the products for their patients. It is the exclusive U.S. and worldwide distributor of the Talsyn(TM)-CI/bid Scar Cream that has been clinically proven to facilitate and improve the appearance, redness and strength of scars (www.talsyn.com). The company is also is a distributor for Cinnergen(TM), a non-prescription liquid whole food nutritional supplement that promotes healthy glucose metabolism (www.cinnergen.com), and Trimmendous(TM), a weight loss formula focusing on the body's 24-hour metabolic processes. The company has recently entered into a joint venture agreement with CK41 Direct Inc. to launch an anti-acne skin care system, with a branded name and celebrity spokesperson to-be-announced in the near future.
Statements contained in this release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are made based on information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the company and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
Source: eFoodSafety.com Inc
-------------------- The difference between genius and stupidity is that genius has its limits
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HMSC (.0015) Enters Into Joint Venture With Polimaster, Inc.
PR Newswire "US Press Releases "
ARLINGTON, Va., Sept. 18 /PRNewswire-FirstCall/ -- Homeland Security Capital Corp. (OTC Bulletin Board: HMSC), a company engaged in the acquisition, development and consolidation of homeland security-related businesses, announced today that it entered into a joint venture with Polimaster, a recognized world leader in the development and manufacturing of professional equipment for monitoring, detecting, locating and identifying nuclear and radioactive materials.
The joint venture will operate as Polimatrix, Inc., which will be owned 51% by Homeland Security Capital and 49% by Polimaster. The Polimatrix system offers technology that provides a networked approach to hardware and software solutions for detection, identification, communication and mapping that manages the "false positives" that often occur.
Homeland Security Capital Chairman and CEO C. Thomas McMillen said, "This is an important step in our efforts to identify solutions for today's threats to the United States. There may be nothing more threatening and more difficult to deter than the threat of a nuclear or radiological incident or the human and economic loss from a dirty bomb. We expect Polimatrix to provide leading- edge solutions that make this opportunity compelling and add synergy to our other business efforts in the broader homeland security arena."
Polimaster President Vladimir Kanevsky said, "We are delighted to join Homeland Security Capital Corp. in offering our unique solutions to the U.S. government, law enforcement authorities and commercial markets. We believe that our expertise, which is based on the real world experiences from the Chernobyl nuclear accident, will bring substantive value to the U.S. in protecting against nuclear and radiological threats."
McMillen will discuss the Polimatrix joint venture in a conference call Tuesday, Sept. 19 at 11 a.m. Eastern. To participate, call (877) 407-0782. International callers should dial (201) 689-8567. Participants will be required to enter account number 286 and conference ID number 214697. A replay of the call will be available until 11:59 p.m. on Oct. 19 by calling (877) 660-6853 or (201) 612-7415. A live and archived webcast of the event will be available at http://www.vcall.com/IC/CEPage.asp?ID=109176 until Oct. 20.
About Polimaster, Inc.
Headquartered in Arlington, Va., Polimaster provides a complete line of solutions for radiation control equipment including its world-class radiation detection portal monitors, unique dosimeters, portable radiation detectors, pocket instruments, hand-held and built-in detectors and radionuclide identifiers. For more information, visit http://www.polimaster.us .
About Homeland Security Capital Corporation
Homeland Security Capital is a consolidator in the fragmented homeland security industry. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. The company is headed by former Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland. Homeland Security Capital intends to operate businesses that provide homeland security products and services solutions, growing organically and by acquisitions. The company is targeting emerging companies that are generating revenues but face challenges in scaling their businesses to capitalize on homeland security opportunities. The company will enhance the operations of these companies by helping them generate new business, grow revenues and improve cash flows. For more information, visit http://www.hscapcorp.com/.
For investor relations information regarding Homeland Security Capital, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info*hawkassociates.com. An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com .
Forward-looking statement: This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future activities, performance, events or developments, are forward-looking statements. Although Homeland Security Capital Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements.
Company Contact: Homeland Security Capital Corp. C. Thomas McMillen (703) 528-7073 tmcmillen*hscapcorp.com
Investor Relations: Hawk Associates Inc. Frank Hawkins or Julie Marshall (305) 451-1888 info*hawkassociates.com
SOURCE Homeland Security Capital Corp.
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CMKI (.31) CMARK International Receives USDA Approval
M2 "Press Wire "
M2 PressWIRE - September 18, 2006 - COLUMBIA, S.C. - CMARK International receives USDA approval for its frozen beef products this past week which gives the company the ability to begin bidding on specific activities under the terms of the agreement immediately.
CMARK International Inc. (OTC:CMKI), a leading service-disabled, veteran-owned small business provider of service and products to federal government institutions and facilities, announced it has received approval from the United States Department of Agriculture (USDA) to participate in prime and subcontracting activities concerning its frozen beef products.
"Becoming eligible for USDA contracts like the school lunch program for example, is a huge step for us as it could potentially increase our revenues in 2006 and beyond with a major government entity," said Charles W. Jones, Jr., CEO and president of CMARK International Inc., in a press release. "With the increasing procurement opportunities allowed for SDVOSB's such as CMARK, we are confident we will be very competitive in earning the business of the USDA. We have our plan of action and are eager to implement it immediately."
Last month the company reported revenues of $3,818,753 for January 1, 2006 to June 30, 2006, an increase of 50 percent compared to $2,536,141 for the same period in 2005. The company attributes this increase in revenue to a strong development program including the physical presence of six strategically placed regional offices, as well as expansion of its product line in each of those locations.
CMARK has achieved an average annual growth rate of 58 percent since 2002 and achieved profitability in 2005.
"This is a very positive first half of 2006 for us and we are confident we will carry this momentum into the second half of the year which is typically our strongest period of revenue," said Eric Bromenshenkel, CFO of CMARK International Inc. "We are well positioned to properly and aggressively service our customers and at the current pace, CMARK will have another record year in revenues to follow up the $12.6 million level from 2005."
((Comments on this story may be sent to info*m2.com))
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EFTI (.07) and Cast-Crete Corporation Announce Merger Update; Merger Completion Targeted for 4th Quarter 2006
Business Wire "US Press Releases "
TAMPA, Fla.--(BUSINESS WIRE)--Sept. 18, 2006--
EarthFirst Technologies, Inc. ("EarthFirst", or "the Company") (OTCBB:EFTI) and Cast-Crete Corporation ("Cast-Crete") provided the following update on their previously announced merger. The board approved merger which was originally announced on July 11, 2006, is targeted to close in 4th Quarter of 2006.
Prior to closing, EarthFirst's shareholders of record will receive an information statement from the Company that will set forth the effective date of the 1 for 60 reverse stock split.
EarthFirst's financial statements for fiscal year 2006 will be prepared on a restatement basis reflecting its combination with Cast-Crete financials as if it occurred at the beginning of 2006. In other words, EarthFirst annual report will include the complete 2006 year of Cast-Crete's operations.
Commenting on the merger, Mr. John Stanton, Chairman and Chief Executive Officer of EarthFirst, said, "We are very excited about the upcoming merger and appreciate greatly the patience and support from the EarthFirst shareholders as we go through this diligent process. This is a monumental step in our commitment and strategy to delivering long-term shareholder value."
The following merger terms were announced on July 11, 2006:
(1) EarthFirst will change its name to Cast-Crete;
(2) EarthFirst will effect a 60-1 reverse split of its stock;
(3) Total shares outstanding after the merger, and after the reverse split of the stock will be approximately 15 million shares; and,
(4) The assets of Cast-Crete cannot be encumbered until acquisition debt is retired.
The following Pro Forma earnings for the twelve month period ending June 30, 2007 was also provided for Cast-Crete's operations, based upon actual results for the six-months ended June 30, 2006.
TWELVE MONTHS PRO FORMA EARNINGS JULY, 2006 - JUNE, 2007
Sales $ 150,000,000 Earnings before interest and taxes 65,000,000 Interest expense on Acquisition Debt (25,000,000) Income taxes (16,000,000) --------------- Net Income $ 24,000,000 ===============
Estimated Outstanding Shares 15,000,000 (Post 1 for 60 reverse split) Earnings Per Share (EPS) $ 1.60
The Company also announced that it will provide a technology update early in the fourth quarter of 2006.
About EarthFirst Technologies, Incorporated
EarthFirst Technologies, http://www.earthfirsttech.com, is a specialized holding company engaged in researching, developing and commercializing technologies for the production of alternative fuel sources and the destruction and/or remediation of liquid and solid wastes, and in supplying electrical contracting services to commercial and government customers internationally. Through its subsidiary World Environmental Solutions Company (WESCO), EarthFirst markets solid waste remediation plants utilizing a proprietary Catalytic Activated Distillation (CAVD) process, which is a superior technology developed by EarthFirst to recycle rubber tires and other waste by heating the material without burning it. Through its subsidiary Electric Machinery Enterprises, Inc., http://www.e-m-e.com, the Company provides electrical contracting services both as a prime contractor and as a subcontractor, electrical support for industrial and commercial buildings, power generation stations, and water and sewage plants in the US and abroad. Through its subsidiary EarthFirst Americas, Inc., the Company is engaged in the global development, marketing and distribution of biofuels.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statement of EFTI officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future EFTI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and EFTI has no specific intention to update these statements.
Source: EarthFirst Technologies,
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David A. Conway, President & CEO, WaterChef, Inc. announced that the Company had entered into a Sales Representation Agreement with the Marshall Group, based in New Delhi, for the marketing of its Pure Safe Water Stations throughout India. The Marshall Group (www.marshallproduce.com), a leading conglomerate in India, was founded in 1959 by Sam Marshall, and is a one of the leading agricultural and industrial products brokerage and shipping agents in India. The Marshall family has been active in Indian commerce since the '20s and has launched a new division to market WaterChef's PureSafe line of water purification products.
With a population in excess of 1.1 billion, a burgeoning economy and rapid industrialization, and the overexploitation of groundwater resources, India represents an enormous market potential for the WaterChef products. The migration of population and the clustering of industries around urban centers have escalated the demand for good-quality water both for industrial and domestic use. Commenting on its new marketing partner Mr. Conway expressed confidence that "With offices across India and Singapore, as well as associates in Myanmar, Sri Lanka, the Philippines, Pakistan and Bangladesh, the Marshall Group's relationships with India's leading companies and federal and local governments represents a great opportunity for sales of the PureSafe Water Station to supply pure water to those areas."
WaterChef, Inc. (OTCBB:WTER) is headquartered in Glen Head, New York, and manufactures the PureSafe Water Station in Bohemia, New York. The Company has received United Nations certification for its humanitarian pure water projects and has received product endorsement from the Scientific Director of UNESCO in Valencia, Spain. The PureSafe Water Station is a patented six-stage water purification system that provides pure water for less than a half penny per gallon. It destroys all living pathogens, and effectively treats a broad range of organic and inorganic water contaminants, without the use of chemicals and without wasting water. The Company offers stand-alone containerized versions of the PureSafe to provide from 15,000 up to 250,000 gallons a day, as well as units for brackish and ocean water desalination, heavy metals removal and the treatment of arsenic contaminated water.
From time to time, information provided by the Company (including but not limited to this release), statements made by its employees or information included in its filings with the Securities and Exchange Commission may contain statements, which are so-called "forward -looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. With respect to such forward-looking statements, we claim protection under the Private Securities Litigation Reform Act of 1995. The Company's results may differ significantly from those stated in any forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, including, but not limited to, product demand, pricing, market acceptance, litigation, risks in product and technology development and other risk factors detailed from time to time in the Company's Securities and Exchange Commission reports including, without limitation, its Form 1-KSB and Forms 10-QSB.
Source: WaterChef, Inc.
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AUCAF (.40)Lower Sands Flows 77 Million MCF Gas + 324 BBLS of Condensate per day - Upper Sand Flows 30 Million Cubic Feet of Gas per Day on ACOR's ORRI
Business Wire "US Press Releases "
CISCO, Texas--(BUSINESS WIRE)--Sept. 18, 2006--
Australian-Canadian Oil Royalties Ltd. (herein called ACOR) (OTCBB:AUCAF) is pleased to report that the operator of VIC/P54 states that the final appraisal objective of the Longtom-3 well has been achieved with outstanding gas flows recorded during the second production test. This is a key milestone in the commercialization of the Longtom field.
The test of the lower sands of the Admiral Formation ("100, 200 & 300 sands") flowed at an estimated rate of 77 Million cubic feet of gas per day through a 1 1/4" choke directly to the flare. The maximum flow rate using the test separator was 59 Million cubic feet of gas per day through a 60/64""inch choke with a flowing well head pressure of 2946 psi. Flow rates through the separator were limited by the capacity of the testing equipment.
The well was opened up at 5 PM on Friday September 15th and flowed for 24 hours before being shut in to monitor the pressure response from the reservoir.
An average condensate rate of 324 barrels per day was recorded during a flow period with a gas rate of 36 Million cubic feet of gas per day. The condensate ratios recorded from this test are approximately twice that recorded in the Longtom-2 test over the 200 sands, and 5 times those recorded in the Longtom-3, test #1 over the 400 sands.
This indicates that the laterally extensive 100 sand is more condensate rich than predicted. The additional condensate will be an economic benefit to the Longtom project as one (1) barrel of condensate will sell for an equal amount or sometimes for more money than one (1) barrel of crude oil. Sampling during the test recorded expected levels of carbon dioxide (less than 1%) and less than 1 part per million hydrogen sulphide.
The results from this test demonstrate the excellent flow capacity of the lower Longtom reservoirs with a horizontal well completion. The flow capacity of Longtom-3 alone is expected to be sufficient to supply the anticipated maximum contract rate requirements for the Longtom Field.
Flow test #2 was conducted in the horizontal section of the well over the following intervals:
-- The 100 sand - 3266m - 3922m
-- The 200 sand - 2408m - 2933m
-- The 300 sand - 2325m - 2340m
The 100, 200 and 300 sands are expected to hold approximately 80 % of field gas volumes and will provide the main source of commercial production.
As stated in the previous ACOR press release, flow test #1 test on the Longtom 3 well over the upper sands (400 reservoir sands) achieved an initial flow rate of approximately 30 Million cubic feet of gas per day before being choked back to achieve a stabilized rate. The shallower 400 sands tested earlier (Longtom-3, test 1) are at lower pressure and are expected to be drained later in field life.
The Longtom-3 H (Horizontal) well reached a total measured depth of approximately 15,335 feet. Drilling intersected a total of 3,379 feet of gross gas reservoir on ACOR's ORRI.
About VIC/P54:
The Longtom Gas Field is located in the Gippsland Basin on ACOR's ORRI under VIC/P54 and was discovered by BHP in 1995, but was considered sub-commercial (70-120bcf) at the time due to the lack of maturity of the gas markets and the interpreted reservoir quality. A 386+ meter gas column was intersected in the Emperor Formation in the Longtom 1 well.
The Longtom 2 well was drilled in late 2004. A 400+ meter gas column was confirmed within the structure. The lower reservoir sand section in Longtom 2 flowed at a stabilized rate of 18-19 Million cubic feet of gas per day over a 12 hour period -- an excellent result confirming the commercial potential of the previously untested lower reservoir section in Longtom. The upper reservoir sand section did not flow gas to surface -- two third party engineers confirmed a subsurface test valve did not open; hence the well could not flow against the closed valve. A core from the upper reservoir section was taken and analyzed, confirming an excellent reservoir section highly capable of flowing gas. No gas-water contact has been intersected at Longtom to-date, suggesting deeper reservoir potential exists.
Since then, the operator of VIC/P54 has increased their best estimate of the Longtom Gas Field on ACOR's ORRI by 38% to 438 Bcf of possible gas reserves.
Full Field Development of Longtom Gas Field
The Longtom 3 well is expected to be the first of three production wells required for the field. One more Longtom well is planned prior to first commercial production. The testing of the Longtom-3 well through a production completion and Xmas tree means the well is now ready for commercial production without any further rig intervention being required.
The operator of VIC/P54 said, "This is an exceptional result confirming our long held belief in the viability of the Longtom project. The successful deployment of a horizontal completion in the Longtom reservoirs is an innovative solution that has yielded commercial flow rates necessary to confidently proceed with field development."
The Company recently reported that the results obtained from the drilling of the Longtom-3 well confirmed the existence of commercial gas volumes. The Company expects to be in a position to report revised volumes for the field which will be classified as reserves within the next three months.
Front engineering and design for the Longtom field development has recently been completed and the Company plans to submit a preliminary Field Development Plan to government prior to the end of 2006.
The Longtom 3 well is located in VIC/P54 on ACOR's ORRI, which consists of 155,676 gross acres located offshore Australia in the Gippsland Basin.
The well is being drilled utilizing the Ocean Patriot drilling rig.
Contract Signed With Santos to Sell 320 BCF of Gas on VIC/P54 ACOR is also pleased to announce that the operator of VIC/P54 has signed the Longtom Gas Sales and Toll Processing Agreement with Santos. The agreement will enable the operator of VIC/P54 to process and sell up to 350 BCF of gas over 12 years (with an option for additional 91 BCF of gas) from the Longtom Gas Field located in Bass Strait on ACOR's ORRI.
The gas from VIC/P54 will be processed through Santos existing Patricia Baleen facilities near Orbost in Victoria. The Longtom-3 well was a complex well and cost approximately $35 million to drill and complete, roughly double the average cost of a Bass Strait (Gippsland Basin) well.
ACOR anticipates that the ORRI under VIC/P54 will prove to be a substantial resource capable of delivering significant long term cash flow and value for our shareholders.
ACOR owns a 1/20th of 1% ORRI under VIC/P54.
ACOR owns interest in four (4) offshore concessions located in the Bass Strait in the Gippsland Basin, the largest interest being 25% working interest under VIC/P60.
VIC/P60 is located just southeast of Permit 45 and covers approximately 339,769 acres, it is also ACOR's largest working interest asset offshore. ACOR management has identified six leads from the existing seismic data. The A-1 lead is approximately 4.97 miles long and 1.24 miles wide with a seismic bright spot anomalie rated good to excellent. The seismic bright spot is 108' thick and 820' horizontal by 20,500' perpendicular wide behind a fault on the flank of the anticline. ACOR has traced the beds to the nearest oil and gas fields after processing 5,000 +/- seismic lines.
The A-1 Lead, if productive, has the possible potential to contain approximately 77,771,244 barrels of oil or $US4,666,274,644 at current market prices.
ACOR owns a 25% Working Interest under VIC/P60.
About The Gippsland Basin:
In excess of 4 billion barrels of oil/condensate and 12 TCF gas reserves have been discovered in the Basin since exploration drilling began in 1964, with remaining reserves estimated at 600 million barrels of oil and 5 trillion cubic feet of gas. Current production of the basin is around 140,000 barrels per day of crude and 570 million cubic feet per day of gas. At peak rates, the Gippsland Basin can deliver more than 1,000 million cubic feet a day.
Some of the very best oil production in the world is found in the Gippsland Basin. Take for example, the Halibut Oil Field. The average well in the Halibut Oil Field has produced 60,000,000 bbls of oil per well or $4,200,000,000 worth of oil per well, at today's prices of $70.00 per barrel.
About Australian-Canadian Oil Royalties Ltd.:
ACOR management draws no cash salary. ACOR has NO LONG-TERM DEBT. ACOR's principal assets consist of 15,440,116 gross surface acres of overriding royalty interest and 8,561,007 gross acres of working interests, located Onshore Australia in the Cooper-Eromanga Basin and Offshore Australia in the Gippsland Basin in the Bass Strait.
ACOR is a publicly traded oil company trading on the NASDAQ OTC Bulletin Board Exchange under the trading symbol "AUCAF."
Summary:
Australia is a "hot spot" for oil & gas exploration and ACOR is positioned for possible "Company-Maker" discoveries. ACOR's working interests and overriding royalty interests are located offshore & onshore in the best producing basins.
Except for historical information contained herein, the statements released are forward-looking statements that are made pursuant to the provision of the Private Securities Litigation Reform Act of 1955. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
Source: Australian-Canadian Oil Royalties Ltd
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PBLS (.01) Best Jets Expands Sales and Marketing
Market Wire "US Press Releases "
NEW ORLEANS, LA -- (MARKET WIRE) -- 09/18/06 -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced that Raymond J. Santa has joined Best Jets as Vice President - Marketing & Sales. In his new position, Ray Santa is charged with establishing an aggressive sales and marketing team to support the various products and services offered by Best Jets.
Ray Santa comes to Best Jets with twenty-four years of aviation experience in domestic and international markets. Prior to joining Best Jets, Ray held various marketing and sales positions with Jet Aviation, TAG Aviation, Bombardier Aerospace, Bell Helicopter, Flight Safety and SimuFlite International.
Ray is a graduate of Embry-Riddle Aeronautical University, where he earned a BS in Aeronautical Studies and an MBA in Aviation. He holds a commercial pilot license, has international travel experience and is able to converse in several languages.
Upon joining Best Jets, Ray's immediate focus will be to promote the new 21st Century line of re-manufactured Lear 25 and Falcon 20 jets globally. As an exclusive producer of these state-of-the-art aircraft, he believes that in addition to the considerable interest in the USA, Best Jets will also realize a tremendous response to these products in the Latin American and European markets where Lear 25s and Falcon 20s have been in operation extensively for decades.
Ray stepped into his new position with Best Jets by attending the "Business Aircraft & Jet Preview 2006" event in San Diego, CA on September 7th, where Best Jets exhibited two Silver Edition Lear 25s among twenty-five other aircraft on display. He will also present the Lear 25s at a special reception in Mexico City for Lear Jet owners and operators in the later part of September. In addition, Best Jets will participate and exhibit in this year's National Business Aviation Association Convention to be held on October 17-19, 2006 in Orlando, FL.
About Phoenix Associates Land Syndicate (PBLS)
Phoenix Associates Land Syndicate (PBLS) is a public holding company, with thousands of stockholders, that has purchased motivated companies in order to enhance its assets and income basis. Since 1978, PBLS has developed assets and/or interests in aviation, sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries. For more information, visit www.pbls.biz
Forward-Looking Statements
This press release contains statements that are "forward looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
For More Information Contact: Mike Mulshine Osprey Partners (732) 292-0982 osprey57*optonline.net
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IPRE (.0009) Names First Two Fighters for ``Never Submit" Movie
Business Wire "US Press Releases "
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Sept. 18, 2006--
Imperia Entertainment (Pink Sheets:IPRE) President James Hergott announced today that the first two fighters to be featured in the feature film mixed martial arts movie "Never Submit" will be PRIDE Fighting champions Mauricio "Shogun" Rua and Wanderlei "The Axe Murderer" Silva.
Both fighters are fan favorites who are known for their aggressive skills in the ring and will bring that excitement to the big screen. They will portray fighters in the movie fighting in a tournament. Their roles will help bring additional realism to the story.
Mr. Hergott commented: "We are very proud to have these two exciting world champions as part of `Never Submit.' They are already very well known around the world for their fighting abilities. Unlike many fighters in American martial arts movies they are the real deal. Their fight scenes will be choreographed in a very realistic way and will add an extra level of realism to the movie. Shogun is a charismatic guy with a great smile who looks great on film. He will be playing a Brazilian fighter in the movie. Wanderlei has an intense menacing look and will be perfectly cast as a villain. Both of these fighters have a great work ethic and I look forward to working with them. They will both be unleashing some intense beatings in the movie."
Next up for "Never Submit" will be a cross-country talent search in conjunction with TapouT magazine to audition fighters and actors for several roles including the main character whose journey we follow throughout the movie. Several top UFC and PRIDE fighters have been in contact with Imperia Entertainment wanting to audition for the movie.
Mr. Hergott will be writing a column for TapouT magazine about the movie, including excerpts from the script in future editions.
Mauricio "Shogun" Rua is a mixed martial artist who won the PRIDE Fighting Championship Grand Prix 2005 by defeating first Quinton Jackson, then Antonio Rogerio Nogueira in the first two GP events, followed by Alistair Overeem and then Ricardo Arona in the same night at PRIDE Final Conflict 2005. He hails from Chute Boxe Academy in Curitiba, Brazil, a Muay Thai training group which has produced champions like Wanderlei Silva. His brother is Murilo "Ninja" Rua, a fellow Chute Boxe member.
ABOUT WANDERLEI SILVA
Wanderlei Silva is the current and long-time defending PRIDE Fighting Middle Weight Champion.
Silva earned the nickname "The Axe Murderer" for his extremely aggressive style; the majority of his fights have either ended in a knockout or referee stoppage due to his strikes. In the ring, he is known for engaging opponents with punches and utilizing knees in the Muay Thai clinch. He is also known for kicking and stomping downed opponents.
Wanderlei Silva was born in Curitiba, Brazil, on July 3, 1976. He trains at the Chute Boxe Academy in Muay Thai and Brazilian Jiu-Jitsu, receiving a black belt in Brazilian Jiu-Jitsu in 2003.
Wanderlei has a popular action figure in his likeness in Japan as well as is featured in the popular Sony Playstation game Pride FC. He was also voted in as Mr. Pride and therefore is the main fighter representative around the world for PRIDE FC.
info&products_id=129 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
ABOUT PRIDE FIGHTING
PRIDE or PRIDE Fighting Championships (http://www.pridefc.com/) is a major mixed martial arts organization based in Japan. It is currently promoted by Dream Stage Entertainment (DSE). It is the most popular MMA organization in the world based on the number of event attendees: the PRIDE Final Conflict 2003 event had over 67,000 people in the audience. The audience record is 91,107 people on the PRIDE Shockwave, held in August 2002.
PRIDE will be coming to America for the first time with an event in Las Vegas, Nevada, PRIDE 32: The Real Deal on October 21, 2006 featuring several of their top fighters.
ABOUT NEVER SUBMIT
"Never Submit" is a movie which portrays the thrill of victory and agony of defeat within the sport of mixed martial arts. "Never Submit" takes place in a tournament setting similar to the movie "Bloodsport," but rather than exploiting MMA as underground no-holds-barred fighting, it seeks to portray the sport in a realistic and positive light. The movie will be an inspirational tale similar to "Rocky," but the lead character in "Never Submit" is an educated young man, rather than a beaten-down punch-drunk fighter. Mr. Hergott comments: "MMA is a very intellectual sport. A physical chess match. I want to portray the sport and its fighters as intelligent rather than dumb brawlers, as is often done in other movies."
Already attached to the project is Executive Producer Tarquin Gotch ("Home Alone" and "Curly Sue") and cinematographer Peter Benison, CSC ("Chicago" and "Silent Hill"). Imperia Entertainment president James Hergott authored and is slated to direct "Never Submit."
Imperia announced on August 14th that it received permission to use fighters from the Ultimate Fighting Championship (UFC) in the movie.
"Never Submit" has a MySpace page, which has been rapidly growing in popularity and targets the same young adult demographic that MMA appeals to and can be found at: http://profile.myspace.com/index.cfm?fuseaction=user.viewprofile&frien did=102048317&MyToken=58dca6c2-de71-46a9-be0e-b4ed46a33d99 (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
On Aug. 15th, Imperia announced a nationwide talent search including auditions being held at a multitude of the top MMA gyms throughout the country, including S.L.O Kickboxing and The Pit, Cobra Kai Jiu-Jitsu, Renzo Gracie Academy, Jorge Gurgel Mixed Martial Arts Academy and Gracie Barra Academy Lake Forest and Countryside. Additional locations will be included in future press releases.
On Sept. 5th, Imperia announced a strategic alliance with TapouT Magazine to partner together for "Never Submit" and to work together on a cross-country promotional/audition tour. Exact dates, times and criteria for each role to be cast will be announced in a future press release.
All audition and sponsorship inquiries should be directed to Cindy Ortiz via e-mail at: cindy*imperiaentertainment.com.
ABOUT IMPERIA ENTERTAINMENT
Imperia Entertainment, Inc. (www.imperiaentertainment.com) is a company that has emerged as a player in the area of independent film production and distribution, once monopolized by the major film studios. In conjunction with its distribution subsidiary, Imperia International Distribution, the company engages in investing in and producing and distributing full-length feature films. Along with its equity interest in "All That I Need" (www.allthatineed.net), released in theaters last December, Imperia's film properties include its feature film in post-production, "Say it In Russian," starring Faye Dunaway and Agata Gotova, "Brothers," by Tarquin Gotch ("Home Alone"), "Never Submit," a feature film on the subject of mixed martial arts, "Whiskers," a family film, made by Imperia's subsidiary, Muller Media, Inc. (Pink Sheets:MUME), and the award-winning "Autograph" television series (www.autograph.tv), which airs on the OlympuSAT system.
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Imperia Entertainment, Inc., and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. All financial projections have been prepared by management, and are based on assumptions as to future events and conditions, which may or may not occur. Most of these assumptions are beyond the company's control and merely represent management's forecasts. To the extent actual experience varies from any one or more of the assumptions, actual financial results will differ. While the company makes these projections in good faith, investors are cautioned that they are based on the company's limited experience, represent goals and objectives, and are unreliable and of questionable value when making an investment decision.
Source: Imperia Entertainment, Inc.
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SkyBridge Technology Group Inc. 'SBTG' Announces That Lynx Consulting Group Has Released a Market Research Report on SkyBridge Subsidiary Sierra Pacific Aviation
Monday , September 18, 2006 12:40 ET
LAS VEGAS, Sep 18, 2006 (BUSINESS WIRE) -- SkyBridge Technology Group Inc. (OTC: SBTG) board of directors has announced today Lynx Consulting Group released a market research report on its subsidiary Sierra Pacific Aviation.
Stated Lynx: "SkyBridge Technology Group Inc. is a company focused on developing and acquiring profitable and unique niche businesses. The company helps these businesses execute their strategic plans and facilitate a public listing of their shares through a spin out of the company's assets. SkyBridge has acquired Sierra Pacific Aviation Inc., the first of its planned acquisitions for 2006. SkyBridge continues to operate its fixed wireless service in Las Vegas and is opening a second office in Vancouver, Washington, and will start offering Network, Data and telecommunication services within the next couple of months."
Stated James Wheeler, CEO of "SBTG": "We are pleased to have a company such as Lynx Consulting Group produce this research report for us. We feel that it is valuable to have a third party review and report on our business plans and progress."
This is just a segment of the marketing report produced by Lynx and the complete research report can be found on the SkyBridge Technology Group company Web site, www.sbtginc.com, or http://www.sbtginc.com/SBTG_RS.pdf.
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MMIO (.089) Issues Updates on Marmion Industries Corp
M2 "Press Wire "
M2 PressWIRE - September 18, 2006 - Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on the Nasdaq exchange has brought Marmion Industries Corp (OTCBB:MMIO) to the attention of our research team. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer.
Shares up 20% to a high of $.09 on the Bulletin Board. Marmion Industries Corp (OTC Bulletin Board: MMIO - News; Frankfurt M6IA.F) announced last week the substantial completion of three of four schools in Bid Package #13 for the Pasedena Independent School District. "This completion of current work is very important and at the current pace we currently expect to be finished with this project by the end of November, marking the continued expansion of Marmion Industries commercial division. 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 are located. The Company is recognized by the Texas Department of Licensing and Regulation (TACLA019367C) as a contractor in the field of Heating Ventilation and Air Conditioning, as well as by 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.
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The Financial Information and Financial Content provided by **************** is for informational purposes only and should not be used or construed as an offer to sell, a solicitation of an offer to buy, or endorsement, recommendations, or sponsorship of any company or security by ****************. You acknowledge and agree that any request for information is unsolicited and shall neither constitute nor be construed as investment advice by **************** to you. It is strongly recommended that you seek outside advice from a qualified securities professional prior to making any securities investment. **************** does not provide or guarantee any legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or informational source.
All material herein was prepared by based upon information believed to be reliable. The information contained herein is not guaranteed by Market Gainer to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Market Gainer is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
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Nord Oil International Inc. Changes Its Name to North West Oil Group Inc.
Sep 18, 2006 12:57:00 PM
NEW YORK, NY -- (MARKET WIRE) -- 09/18/06 -- Nord Oil International (PINKSHEETS: NDOL) announced that it has changed its name to North West Oil Group as provided in the merger agreement. The relevant ticker symbol shall also be changed. This is a step closer in the Company's quest to go to another exchange.
About North West Oil Group
North West Oil Group is a non reporting, publicly traded Oil & Gas company trading under the ticker symbol NDOL on the US Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA. Nord Oil International and the North West Oil Group merged on May 11, 2006. The company is in the process of filing all regulatory statements to obtain a new ticker symbol. The company presently produces over 120,000 Metric Tons of crude oil yearly.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Ken Maciora Empire Relations Group 516-750-9719 km*empirerelations.com
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Cal-Bay International, Inc. (OTCBB:CBAY) announces a management review for the quarterly report filing for the period ending June 30th, 2006.
This statement is the opinion of Cal-Bay's management of the current market value of the properties listed in the June 30, 2006 report and not the actual purchase price of the properties which is required by the accounting practice to be the reported value as shown in the quarterly report.
Cal-Bay management has outlined their opinion of the property's approximate market value based on current comparisons and is shown along side the reported value.
Property Reported Value Cal-Bay Market Value
Aspen Cove Resort $2.6 M $5.0 M Valley Lane, NV $0.25 M $0.33 M San Francisco $2.65 M $3.3 M Seogerville, TX $1.5 M $1.5 M Chapel Downs, TX $1.2 M $1.2 M Cobs Homes $6.7 M $6.7 M Other Current Assets $2.5 M $2.5 M TOTALS $17.4 M $20.53 M
Cal-Bay management's opinion of current market value for the above properties shows a difference of approximately $3.13 M which cannot be reported until the actual sale or disposition of the property.
Accounts Receivable
Florida Note Receivable $14.99 M $14.99 M
Cal-Bay management's opinion of this account receivable is that the amount due to Cal-Bay on the note is significantly increased since first reported in 2005 and is reported in the June 30, 2006 quarterly report as an increase in profit.
Projected Future Revenues
Cal-Bay management's projected revenues on the following fully developed properties within the current portfolio.
All values are projected by Cal-Bay management, and are based on current market comparisons.
Property: Developed Value Gross Profit (Revenue)
Aspen Cove: 21 Luxury Vacation Homes $15.0 M $9.0 M
San Francisco: Condos $17.9 M $9.87 M
Total From Above Developments: $32.9 M $18.87 M
Projected time to Completion 2006/2008 CALBAYINTERNATIONAL.com COBSHOMES.com
FORWARD LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.
The Company assumes no obligation to update any of the forward-looking statements in this release.
Source: Cal-Bay International, Inc.
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Cal-Bay International Inc. Tim Garlin 760-930-0100 Fax: 760-930-0200 IR*calbayinternational.com www.calbayinternational.com
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Sulja Bros. Building Supplies Ltd. Announces a Delay in the CEO Statement to Be Posted Today
Market Wire "US Press Releases "
WINDSOR, ON -- (MARKET WIRE) -- 09/18/06 -- Sulja Bros. Building Supplies Ltd. (PINKSHEETS: SLJB). A new CEO statement was to be updated on www.suljabros.com this morning; unfortunately due to unforeseeable circumstances, CEO Petar Vucicevich's statement will be delayed, until later on this evening.
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
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NVMG (.26) Reminds Shareholders Today is Pay Date for 20-1 Forward Split
Business Wire "US Press Releases "
FOREST HILLS, N.Y.--(BUSINESS WIRE)--Sept. 18, 2006--
Native American Energy Group, Inc. (the "Company" or "NAEG") (OTC Pink Sheets: NVMG) -- Today is the pay date for the 20-1 forward split of the Company's common stock that Native American Energy Group announced on Sep 12, 2006. Shares purchased through the payable date are entitled to receive the distribution. Each shareholder of record at the close of business on September 7, 2006 will receive nineteen (19) additional shares for every outstanding share held as of the date thereof. The ex-date is Sept 19, 2006. As of tomorrow the Company's stock will be quoted on a post-split basis. The Company has advised that shareholders do not need to take any action to receive the additional shares, as new certificates will be issued for the balance of shares due. The twenty-to-one stock split will not change the shareholders' existing proportionate ownership. The Board of Directors believes that this action will increase shareholder value and create more trading liquidity.
About Native American Energy Group, (OTC Pink Sheets: NVMG)
Native American Energy Group (NAEG) is a publicly traded, independent energy company that has established its infrastructure and operations on the Fort Peck Indian Reservation in N.E. Montana. NAEG is currently enhancing and reactivating many of the abandoned and previously shut-in oil & gas wells on the Fort Peck Nation from the Company's portfolio of historically producing wells, in a process that can be duplicated across the state or the country. The NAEG business model also encompasses future expansion into the exploration and development of new properties which shall include new drilling programs and additional oil & gas recovery programs in other areas, such as the very prolific Bakken Formation on which NAEG has also acquired several leases. The U.S Energy Department has called the Bakken Formation the highest-producing onshore field found in the lower 48 states in the past 56 years.
The Company's strategy is, through acquisition and development, to bring vast economic improvement to this region and to strengthen Native American communities by helping to secure their energy future. Native American Energy Group specializes in acquiring and revitalizing abandoned oil fields with substantial known reserves in place, as well as, introducing energy alternatives such as wind & geothermal energy solutions. We spotlight oil fields which were previously developed and capped due to depressurization, production falling below commercial levels at that time, or in situations in which oil & gas leases were terminated by the tribal governments due to improper development and/or refusal to simply employ Native Americans. Today, we have the technology to take abandoned fields and restore production with enhanced recovery technologies. NAEG aggressively pursues any oil property that has been selected through our screening process.
Since January 2005, the company has amassed a handsome portfolio of historically producing wells in the Williston Basin in N.E. Montana that NAEG management strongly believes can be enhanced through it's proprietary, Enhanced Oil Recovery (EOR) capabilities, and will thereby establish a 10 to 20 year cash flow for the company. Native American Energy Group trades on the OTC Pink Sheets under the ticker symbol: NVMG.
Safe Harbor Statement: This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities & Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
Source: Native American Energy Group, Inc.
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