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SFXC (.037) Announces Latest Products -- Office Tape(TM) and Locker Notes(TM) for the Commercial and Back-to-School Marketplaces
Market Wire "US Press Releases "
NAPLES, FL -- (MARKET WIRE) -- 10/04/06 -- Serefex Corporation (OTCBB: SFXC) is pleased to announce the national launch of its two newest products, Office Tape(TM) and Locker Notes(TM). "We are very fortunate to be able to build upon the successes of our Patent Pending, adhesively backed magnetic tape lines. Our flagship product Fridge Tape® is being distributed through 140 plus US retailers and national catalog companies."
"Office Tape(TM), as a patent pending product in the United States, addresses the current need in the office products environment for attaching lightweight items to any magnetically receptive surface such as filing cabinets, presentation boards, display cases and metal doors. Office Tape(TM) is an easily dispensed, lightweight, removable, adhesive magnetic tape that has a variety of other uses as well," stated Brian S. Dunn, President of Serefex Corporation. "While attending the national SHOPA (School, Home, Office, Products Association's) / SBTS (Seller To Buyer Trade Show) in Las Vegas last month, Serefex received numerous inquiries from major office supply chain stores and distribution companies regarding both Office Tape(TM) and our new Locker Notes(TM) and we anticipate national distribution shortly," furthered Mr. Dunn.
"Locker Notes(TM) are multi-colored, magnetically backed, dry erase sheets designed for the back-to-school marketplace. Locker Notes(TM) allow a student to write virtually endless messages on the dry erase sheet surface and also are available in 3 different colors for levels of importance and meanings. Parents and students wishing to be 'environmentally friendly' will find that Locker Notes(TM) greatly reduces the amount of paper wasted in writing everyday notes and messages. Again, while attending the SHOPA / SBTS show in Las Vegas last month, we received interest from a major US office supply chain and our goal is to be included in their 2007 back-to-school merchandising program," added Mr. Dunn.
Additionally, all interested readers who wish to be placed on our mailing list should visit our website at www.serefex.com and enter their e-mail address under the investor relations link, which is the 5th button on our home page's black menu bar.
This press release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. In order for the Company to utilize the "safe harbor" provisions of the Private Securities Litigation Reform act of 1995, you are hereby cautioned, and the Company hereby notes, that such statements may be affected by risk factors affecting the Company generally, as well as those identified in the Company's filings with the Securities and Exchange Commission, and actual results could differ materially from the forward-looking statements. The Company undertakes no obligations to update or revise any such forward-looking statements.
Contact: Serefex Corporation Brian Dunn President 239-262-1610 brian*serefex.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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VXBX (.009) Orders Nobo List to Examine Short Positions and Actual Share Numbers
Market Wire "US Press Releases "
VANCOUVER, BC -- (MARKET WIRE) -- 10/04/06 -- VoxBox World Telecom Inc. ("VoxBox" or "Company"), (PINKSHEETS: VXBX) announces today that it will soon begin a program to address the potential short position in the stock that management believes needs to be examined and rectified to the benefit of the shareholders.
The first step in this process will be an examination of the Company's Non Objecting Beneficial Ownership (Nobo) List, DTC position reports and transfer agent records. These sources of information will give the Company a clear picture on the specific ownership positions of VoxBox's shares.
The Company feels there may be an imbalance in regards to the reported short positions, the shares that are out in the public and possibly, the total shares issued and outstanding. If the Company's research and examination find such an imbalance the Company will act to correct the problem.
As the Company continues to progress on implementing its new business models, it is doing everything it can to make certain that there are no discrepancies in the outstanding share position. The Company believes these actions will be positive towards ensuring the right conditions for successful increases in shareholder value.
All trademarks, trade names, and service marks mentioned herein belong to their respective owners. This release contains forward-looking statements that involve risks and uncertainties. Statements in this news release, other than historical data, are considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors uncontrollable by the company. This announcement does not constitute an offer to sell or the solicitation of offers to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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ISELIN, N.J., Oct. 4, 2006 (PRIMEZONE) -- SoftNet Technology Corp. (OTCBB:STTC) (German WKN#: A0B7RZ) announces that on Friday September 29, 2006, PeriNet Technologies, LLC, based in Newtown, Pennsylvania, merged with and into SoftNet. For accounting purposes, the merger became effective on July 1, 2006.
PeriNet is a technology-based company specializing in network security and infrastructure solutions for a wide range of businesses and industries. PeriNet's primary clients are in the education, healthcare, financial and accounting, transportation, and manufacturing sectors. PeriNet conducts business on a national basis but is best known in the Pa.-N.J.-Del. tri-state region.
This merger provides SoftNet an immediate and synergistic Security Practice that complements the Company's current offerings and business, in Telecommunications, Storage Area Networking, Healthcare and Project Management. PeriNet's focus on IT security strengthens SoftNet's infrastructure focus with additional products, services and solutions that can now be offered to SoftNet's existing client base.
SoftNet will also be able to leverage these same services in the SMB space as a valuable addition to the Company's "Right Start" Small Business Server programs.
Additionally, SoftNet will market PeriNet's products and services nationally. SoftNet will maintain a sales office in Pennsylvania to facilitate services for existing PeriNet customers and provide the platform for expansion of SoftNet's practices into the Philadelphia, South Jersey and Delaware market places.
Through the merger, SoftNet also acquires the rights to PeriGuardian(tm), a leading-edge Network Security Assessment Service. Additionally, PeriNet holds high technology industry certifications from leading manufacturers and solution providers, such as, Cisco, Microsoft, Fortinet, Barracuda Networks, Sygate, Lucid and Aventail. SoftNet will also benefit from the addition of the existing PeriNet leadership team and staff. This includes Michael Piscopo, President and CTO, and creator of PeriGuardian(tm), as well as a national speaker on security and risk mitigation, and Matt Cox, PeriNet VP-Business Development.
As consideration for the merger, SoftNet agreed to pay $300,000 in cash (paid out in installments over the next 180 days) and SoftNet restricted stock with a maximum value of $2,100,000, of which $1,000,000 is guaranteed and the balance becomes vested upon attainment of certain performance levels.
"SoftNet is excited about the opportunities the PeriNet acquisition will provide to the Company. The new Security Practice will expand our offerings and services to perspective clients on a national scale and leverage both Companies' existing customer relationships. In addition, we are very fortunate to have Mike Piscopo join the Company. His credentials in the security field are well known and add immediate technical expertise, which will benefit the Company and clients alike," said Kevin Holt, CEO of SoftNet.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by SoftNet Technology Corp. (STTC) may differ materially from these statements due to a number of factors. STTC assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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FGFC (.009) to Be Arranger/Lender of a $100,000,000 Acquisition & Redevelopment Financing Package for a Major Retail/Commercial/Office Development Project
Business Wire "US Press Releases "
NEW YORK--(BUSINESS WIRE)--
First Guardian Financial Corporation (PINK: FGFC) today announced that it has agreed to be the exclusive arranger/lender or syndicate the funding for a $100,000,000 previously announced development project.
First Guardian Financial Corporation besides arranging the funding it may also participate in the ownership of the development with the percentage to be determined/negotiated.
The company expects to receive revenue from this deal in the form of fee (percentage of the loan amount) income and loan serving fees.
The company, due to certain non-disclosure agreements and the need to keep the confidentiality of the negotiations, will announce the other particulars upon the completion of all legal issues being completed. The company has released this information to the public as to the impact it may have on the company's operations going forward.
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invest/Joint Ventures and provides financing for its own portfolio in small to mid sized businesses nationally. Its primary goal is to provide short term financing within the commercial real estate market and invest and/or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Source: First Guardian Financial Corporation
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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MOUNT PLEASANT, S.C., Oct. 4 /PRNewswire-FirstCall/ -- Maxxon Inc. (OTC Pink Sheets: MXON) announced that it has filed a PCT (Patent Cooperation Treaty) application for its proprietary ReVac safety syringe, which puts the application on file in 133 countries worldwide with an effective filing date of September 21, 2005. Maxxon has also filed for additional patent protection in Taiwan.
Maxxon Inc. President Ron Wheet announced, "Protecting our proprietary technology gives us a significant advantage over our competitors in the safety syringe market; this gives us two patents protecting our technology. Our ReVac product is designed to incorporate all of the features that medical professionals want: it's easy to use, easy to read, safe, efficiently designed for one-handed use, and the price is significantly less expensive than other safety syringes on the market. Our product employs proprietary vacuum force technology to cause the needle to retract into the barrel of the syringe after an injection is administered. We feel that our patented vacuum force design is the reason we can offer such significant clinical advantages to our customers, and at our price point we are very optimistic about the future success of our product."
About Maxxon Inc.:
Maxxon operates in the safety-engineered medical devices (SEMDs) arena. Its products include the ReVac Safety Syringe, Auto-Retractable Safety Scalpel with Permanent Lock and the Auto-Retractable Safety IV Catheter. The world market for SEMDs was projected to exceed $1.6 billion last year and is forecast to maintain a 20% annual growth rate in the near term.
In the United States, the safety syringe market is expected to generate approximately $693 million in revenues in 2006, representing 66% of the total needles and syringes market. The Theta Report estimated the number of needles and syringes sold in the U.S. and international market combined should exceed 20 billion units in 2006.
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Maxxon Inc. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Maxxon Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.
For investor relations information, contact: Gabe Sandler Sandler Communications, Inc. Phone: 866-772-0118 Email: info*sandlercommunications.com
SOURCE Maxxon Inc.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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PYPR (.003) We Have Ordered and Will Review the Most Current NOBO List from ADP Investor Communications
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
Mr. Terrell, PayPro, Inc. CEO states that, "We have ordered and will review the most current NOBO list from ADP Investor Communications. NOBO, which stands for Non Objecting Beneficial Ownership list shows a more complete corporate ownership profile than is currently available from either the transfer agent or from the DTCC. Comparison of these lists will allow us to determine the short position in effect as of today.
Mr. Terrell also announces his plan to make the Crescent Office Complex, located in Dallas, Texas, its new Corporate Headquarters. The Dallas complex will provide PayPro with a centralized location to manage its varied global businesses. Mr. Terrell stated, "The move to a U.S. based HQ creates a centralized hub for all our offices while simultaneously allowing for expansion of our product and service offerings, domestically and internationally." Our Dallas-based office is the latest addition to our offices in Costa Rica and Panama.
About PayPro Incorporated:
PayPro Incorporated (Pink Sheets:PYPR) is a global e-commerce and e-biz Solutions Company offering interactive e-commerce and e-biz programs. PayPro offers a range of goods and services ON LINE as follows:
Visa prepaid cards; e-commerce merchant accounts; Life insurance policies, Gold transactions; Telephony services, Text messaging, VoIP, Micro forests properties, Real estate investment participations, Fixed and variable income Real estate properties in Costa Rica and Panama, Offshore financial services, Asset management and protection; Travel services, Leisure, Business, Health, Relocation services, and Digital marketing services.
Forward-Looking Statements is not historical fact as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
Source: PayPro, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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MIAMI, FL -- (MARKET WIRE) -- 10/04/06 -- EZ2companies, Inc. (PINKSHEETS: EZTO) (the "Company") announced today that it has ordered the NOBO list and the DTC sheets to determine if there is a discrepancy in the amount of shares the company has outstanding in the public float.
CEO Jeff Berkowitz said: "It has come to our attention that there has been unusual trading activity in our company's stock and given we are at the end of the reorganization process and completion of the merger with Lynx Petroleum, we feel the need to make sure our company structure is true to the transfer agents records, when compared to the NOBO list and DTC sheets."
About EZ2companies, Inc.
EZ2companies, Inc. is a provider of Internet based services to its clients, ranging from dating and relationship services, rental services, internet search and national mortgage services. The Company operates several Internet portals including EZ2Auction.com, EZ2Rent.com, EZ2Ask.com, EZ2Date.com, EZ2Swing.com, EZ2Mortgage.com and EZ2Vacation.com. The offerings are focused on building traffic and allowing targeted permission based, opt-in email solicitation to users to co-brand products.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management, increased government regulation or the company's failure to integrate its acquired companies to achieve the synergies and efficiencies described in the "Management's Discussion and Analysis" section of the Company's Form 10-KSB and other reports and filings with the Securities and Exchange Commission, which may be revised or supplemented in subsequent reports on SEC Forms 10-QSB and 8-K.
Jeff Berkowitz EZ2companies, Inc. 561-348-0524
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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IACH (.028) Board of Directors Reach Final Resolution Regarding Synergistic Investments and IFGT-SI
Market Wire "US Press Releases "
FT. LAUDERDALE, FL -- (MARKET WIRE) -- 10/04/06 -- Information Architects (OTCBB: IACH), a leader in Online Entertainment, Broadcasting, E-commerce Solutions and Innovative Technologies, today announced that its Board of Directors has reached a final resolution regarding Synergistic Investments and IFGT.
As a result of the prior cancellation of the Agreement between PTLC and Information Architects, which was prompted by the failure of IFGT-SI to deliver all the terms and conditions of the original Agreement, Information Architects, after a recent and extensive investigation by the Board of Directors, has declined to accept the replacement asset submitted by IFGT in place of the asset specified in the original Agreement. Effective immediately, the Board of Directors is canceling the entire Agreement and subsequently all the shares involved in the original Agreement signed on June 16, 2005.
The property submitted by IFGT as the replacement asset, which was to serve as a substitute value to complete the original Agreement in contention between PTLC, IFGT-SI and IACH, was ineffective in producing any value for Information Architects. After verification of the actual dollar value of the potential asset proved futile and after an unsuccessful search for ways to translate the replacement asset to value, Information Architects has no other recourse but to reject the replacement asset offered by IFGT. Therefore, Information Architects has received no value in exchange for the 759,000,000 (759M) shares delivered to IFGT-SI as per the original Agreement with PTLC.
The Board of Directors will be working to recover all of the IACH shares distributed at the time the original Agreement was signed. It is estimated that the Board of Directors has already recovered approximately 150,000,000 (150M) shares and will be immediately canceling all of the transacted shares (759,000,000 direct or otherwise associated shares) with the transfer agent.
Effective immediately, the Board will instruct the transfer agent to place a cancellation on all shares listed within the contract between PTLC, IFGT-SI and IACH. Information Architects will immediately serve notice to all the appropriate registered stockholders in the Agreement to promptly and voluntarily surrender their certificates. In the event that it is necessary, Information Architects will take whatever legal means is appropriate to address all or any parties that fail to comply with this request.
Additionally, the Board agreed to continue investigation of the legal issues that constituted the cancellation of the Agreement by PTLC, which subsequently led to the current situation. The Board has resolved to investigate all the relevant issues regarding this business event to ensure a positive outcome for the shareholders.
FURTHER RESOLVED: that the proper officers of the Corporation are hereby authorized, empowered, and directed in the name of and on behalf of the Corporation, or otherwise, to execute all such instruments, documents, forms and certificates and to take all such further actions in connection with the resolutions herein adopted as they may deem necessary, advisable or proper to effectuate the intent and purpose of the forgoing resolutions.
Details of the cancellation between PTLC and IACH were originally released on August 17, 2006.
About Information Architects
Information Architects (www.ia.com) and its affiliates have been developing, delivering and supporting products that fulfill specific needs in a wide variety of industries. These solutions have been delivered over the web and are intended to reach a wider audience that would not normally have access to these services. Through its portfolio of companies, Information Architects is able to expand its reach to a larger and more diverse audience. Information Architects has recently expanded its operations to a variety of industries by offering a more comprehensive list of products and services gained through recent acquisitions.
Release Disclaimer
The statements contained in this press release contain certain forward-looking statements, including statements regarding Information Architect's expectations, intentions, strategies and beliefs regarding the present and future. All statements contained herein are based upon representation from Information Architect's Board authorized officers as of the date hereof and actual results may vary based upon future events, both within and without the control of Information Architect's management.
For more information contact: Todd Morgan CEO Information Architects PH: 954.561.7321
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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WLSA (.235) Announces Sixth Consecutive Quarter of Record Revenues
PrimeZone "PrimeZone "
TORONTO, Oct. 4, 2006 (PRIMEZONE) -- Wireless Age Communications, Inc. (OTCBB:WLSA), a leading supplier of solutions to the Canadian wireless communications industry, today announced that unaudited consolidated revenues for the quarter ended September 30, 2006 were approximately $8.8 million.
Year to date September 30, 2006 consolidated revenues were approximately $23.7 million. Retail operating segment revenues were approximately $9.6 million and commercial operating segment revenues were approximately $14.1 million. For the third quarter of 2006 consolidated revenues were approximately $8.8 million, a record for the company, and the sixth consecutive quarter of record revenues. Retail operating segment revenues were approximately $3.5 million and commercial operating segment revenues were approximately $5.3 million.
Consolidated revenues increased, year over year, by approximately 29.5%. Retail segment revenues grew by approximately 14.8% and commercial operating segment revenues increased by 41.2% during the quarter. Year to date consolidated revenues were up by approximately 38.2%, retail revenues were up by approximately 22.7% and commercial operating segment revenues increased by 51.2%.
"I'm pleased to see our top line reflecting the good work of our teams in both the retail and commercial segments," stated Mr. Brad Poulos, Chairman, President and CEO. "In addition, we now have our mmwave Technologies Vancouver regional operations centre up and running, and we have a top notch team in place to manage the program with our primary customer there. We will be opening the Alberta market for this program in the near future and all indications are that in 2007 this will be a significant contributor to the overall profitability of the company. There were some delays in the release of work by our customer in the Vancouver market. Therefore a portion of the 2006 contribution from this market is going to be pushed into 2007 and 2008 based on current information."
For all Wireless Age investor relations needs, investors are asked to visit the Wireless Age IR Hub at http://www.agoracom.com/IR/WirelessAge where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to WLSA*agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
About Wireless Age Communications Inc.
Wireless Age's operations are segregated into two distinct operating segments, Retail and Commercial.
Retail:
Wireless Age retail outlets sell next generation wireless products and services to business and individual end users in Saskatchewan and Manitoba.
Commercial:
Within the Commercial segment, mmwave does specialty distribution and network engineering and integration, for carriers and manufacturers of communications equipment in Canada. Wireless Source distributes prepaid phone cards, wireless accessories, land mobile radios, batteries and ancillary electronics products to dealers throughout North America. Wireless Works operates broadband public access and private networks in Southern Ontario, and develops and deploys consumer and commercial products for those networks.
The company is a recognized leader in the wireless industry in Canada and is a member of the WiMax forum, as well as a very active member of the Canadian Wireless Telecommunications Association.
This press release contains "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Wireless Age Communications, Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company's ability to retain key management and employees; intense competition and the company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Wireless Age Communications, Inc. SEC filings. Wireless Age Communications, Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Wireless Age Communications, Inc.'s business, please refer to the risks and uncertainties detailed from time to time in Wireless Age Communications, Inc.'s SEC filings.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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PayChest, Inc. Announces First Stage of Restructuring
SANTA MONICA, CALIFORNIA, Oct 18, 2006 (CCNMatthews via COMTEX) -- PayChest, Inc. (PINK SHEETS:PYCT) announced today a change in directors and principal officers. As per resolution adopted in October 15, 2006, the PayChest Board has accepted the resignation of Mr. Alejandro Cerda, as Chief Executive Officer, effective immediately. In addition, all other directors and officers previously representing or assuming representation of PayChest have resigned as of October 15, 2006.
Mr. Lawson Pillay will serve as the newly appointed President and Chief Executive Officer, following the recent negotiations between PayChest and Genfin LLC, a southern California financial technology integrator. Mr. Pillay, age 51, currently serves as CEO of Genfin, LLC and several other technology related companies. He also serves as Director to BanX, Inc, a financial services transaction and debit card processor.
This relationship provides PayChest access to a series of financial services and strategic management personnel, to introduce PayChest as an online payment processing network, with capabilities to process online debit, credit, ACH and check payments.
Under the guidance of Mr. Pillay, all new board or management appointments will be made after a thorough review of PayChest's current portfolio. With immediate effect, all operations, both domestic and offshore, shall be relocated to Southern California. As a result of this major reorganization, our online and telecommunications infrastructures may be temporarily disrupted.
Lawson Pillay, PYCT's new CEO stated, "My immediate focus and attention is to add tangible value to PayChest through the introduction of emerging technologies, intellectual property, skilled management and revenue generating operations. I look forward to turning PayChest around in the shortest possible timeframe, with measurable fundamentals to enhance shareholder value, as we progress. Shareholders are advised to anticipate significant operational changes ahead."
Safe Harbor Statement
The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.
SOURCE: PayChest, Inc.
CONTACT: PayChest, Inc. Investor Relations Email: info*paychest.com
Posts: 35 | Registered: May 2006
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First Pet Life Announces the Launch of Pet Insurance Program Offering
DALLAS, Oct 18, 2006 /PRNewswire-FirstCall via COMTEX/ -- First Pet Life, Inc. (Pink Sheets: FPLF) announced today the launch of the First Pet Life Pet Insurance website. This comprehensive Web site can be accessed through www.firstpetlife.com via the "Insurance Enrollment" and "Insure Your Cat or Dog" buttons. This site offers pet owners the ease of enrolling their cat or dog in a powerful and effective insurance plan that makes sense for their family. The First Pet Life includes several features such as Free Quick Quote, Claim Form Download, Benefit Comparison information and descriptions of pet insurance programs being offered.
First Pet Life, Inc. enables itself to now move toward being able to offer evolutionary lines of pet insurance. The company is currently in active negotiations to take advantage of offering an assortment of pet insurance policies that will offer the most innovative health care plans for not only your dog and cat but also your horses, birds, rabbits, hamsters and an assortment of other pets.
"With this website going live, a major part of this company has begun to function. We are selling pet insurance policies and look forward to pushing the growth of this company with effective marketing campaigns and product offering expansions," stated Andre' D. Williams, President and CEO of First Pet Life, Inc.
About First Pet Life, Inc.
First Pet Life is a pet industry marketing company that is positioning itself to offer many services, including pet health insurance, pet supplies, along with boarding and grooming services nationwide. First Pet Life has the backing of a pet insurance industry leader as well as the backing of pet product manufactures, which will lend in strengthening its market position. The comprehensive products and services offered are broad yet inexpensive for the typical pet owner. Additional information is available at www.firstpetlife.com.
Disclaimer
Matters discussed in this press release are "forward-looking statements." Statements describing company objectives are forward looking. Company's plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the company and market evaluations of its stock, which could cause actual results to differ materially from those anticipated.
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