Icoworks Announces 150-1 Reverse Split and Name Change Wednesday November 1, 3:21 pm ET
PALM BEACH, Fla.--(BUSINESS WIRE)--Icoworks trading under the symbol (Pink Sheets:ICOW - News) announces today 150-1 reverse split and name change to Bioquest Technologies Inc. to go into effect the open of business on November 9th 2006. ADVERTISEMENT
Safe Harbor
Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements are presented based on current information available to management and in consideration of assumptions concerning information currently available to management regarding future events. Forward-looking statements are subject to risks and uncertainties that could cause future events or results to differ materially from such statements. Icoworks Inc. disclaims any intent or obligation to update or revise any forward-looking statements and presents information herein solely for the intent of delivering general information regarding the company.
Contact: For Bioquest Technologies Inc., Palm Beach Frank Merhib, 954-392-8312
-------------------- Cashing checks in two forms: Money and Reality
November 01, 2006 04:11 PM Eastern Time Martin Nutraceuticals, Inc. Announces Engagement of Pilot Financial Communications Network to Lead Public Relations Program
MESA, Ariz.--(BUSINESS WIRE)--Martin Nutraceuticals, Inc. (Pink Sheets: MNCL) announced today that it has engaged Pilot Financial Communications Network, Inc. to lead its financial public relations programs. Pilot Financial Communications Network, based in Mesa, Arizona, is a financial public relations firm dedicated to assisting emerging growth companies to create a solid base of retail and institutional shareholders.
Harvey Panesar, President of Martin Nutraceuticals, Inc., a company seeking to become a category leader in the nutraceutical marketplace, stated: “We look forward to working with Pilot Financial Communications Network, utilizing its expertise and creative approaches to public awareness programs to assist Martin Nutraceuticals achieve its long term goals.”
The President of Pilot Financial Communications Network, Rick Gean, commented that “we are very excited to represent Martin Nutraceuticals, Inc. Martin is positioning itself to gain a significant share of the $68 billion nutraceutical market. We look forward to working with Harvey and his team to implement our comprehensive public awareness program to broaden Martin’s shareholder base.”
About Martin Nutraceuticals, Inc.
Martin Nutraceuticals Inc. is a company focused on providing a better health and lifestyle through natural products. Martin Nutraceuticals flagship products include Arthrizyme(TM) for general joint pain and Oxygenol(TM) for anti-oxidation and Maximum Slim(TM) for weight control.
Arthrizyme(TM) is a unique blend of systemic enzymes proven to rapidly reduce inflammation in joints and muscles. Arthrizyme(TM) is not limited to anti-inflammatory effects; it also assists the body in the healing process by breaking down fibrin in joints and muscles. Arthrizyme(TM) differs from all other natural arthritis remedies and was designed to work for all types of arthritis and in all joints of the body. Arthrizyme(TM) is fast acting, usually improving symptoms within the first few days.
For more information about Martin Nutraceuticals, Inc. please visit www.martinnutra.com.
About Pilot Financial Communications Network:
Pilot Financial Communications Network is a financial marketing firm providing companies with financial public relations, investor relations, strategic planning and communications. Pilot’s network of professionals consists of financial analysts, institutional investors, broker-dealers, investment and merchant bankers and other media outlet channels. Pilot combines the latest technology with an old fashioned work ethic to provide companies the broadest possible base of public exposure.
For more information on Pilot Financial Communications Network, Inc. visit www.pilotfcn.com.
Forward-Looking Statements:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements. Contacts
Pilot Financial Communications Network Rick Gean, 888-772-8611 (Investor Relations) E-mail: info*pilotfcn.com
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MGN Technologies Announces New Gaming License With Virgin Mobile Outlet Operator
KIRKLAND, WA -- (MARKET WIRE) -- November 01, 2006 -- MGN Technologies Inc. (OTCBB: MGNLF), doing business as Mobile Gaming Now (the "Company"), announced today it has signed a license agreement with Robinson Wireless Gaming, a subsidiary of Robinson Wireless, for online gaming and marketing of its Virgin Mobile outlets and online e-commerce store.
Robinson Wireless of Vancouver, Canada is a 10-year-old company specializing in mobile products, accessories and media. It has marketing agreements in place to operate Virgin Mobile outlets in select markets, including Western Canada. Robinson Wireless is also entering into agreements to distribute Virgin Mobile products in the United States.
Robinson Wireless also distributes FIDO and T-Mobile. The company operates an online mobile phone and accessory store at www.mobilephoneasap.com under its new ASAP brand.
"Robinson Wireless is positioned as the next generation interactive wireless company aimed at the youth market," says Dallas Robinson, President of Robinson Wireless. "We are aggressively rolling out youth-based wireless retail concepts with such carriers as Virgin Mobile Canada and FIDO in select markets in Canada. We are relying on a strong Internet marketing and gaming presence to assist us in our marketing efforts."
Virgin Mobile launched stores in Canada in the 4th quarter of 2005 in Ontario and has since expanded that development into Western Canada and the Western US.
Mobile Gaming Now has developed a proprietary mobile platform and offers an online and mobile sweepstakes marketing system. The program features sweepstakes as a marketing tool to create new leads and traffic. The program builds a custom sweepstakes promotion for a client utilizing an online promotion and entry website as well as a mobile phone entry form. Consumers can enter online or on a mobile phone.
"We're a good marketing solution for Robinson Wireless," said CEO Mark Jensen. "We add a new dimension to its marketing with our sweepstakes game and lead generation system. We can promote the ASAP brand for Robinson Wireless and drive its sales of products to the youth market, especially the hot new phones from Virgin Mobile Canada."
Jensen said Mobile Gaming Now expects to be operational with Robinson Wireless in January 2007 with a gaming website and search engine marketing program. In addition to a focus on the Internet e-commerce store, Mobile Gaming Now will direct traffic towards the local marketing of the Virgin Mobile Mini-Stores in Vancouver. "We definitely want to focus on local marketing for the stores to drive foot traffic. The Internet is becoming a great local marketing tool," Jensen said.
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 Robinson Wireless
Robinson Wireless is a forward thinking company that focuses on wireless products and services for today's youth market. By using retail, wholesale and Internet delivery channels, the company has found unique ways to deliver the phones, accessories, mobile media and mobile games that are desired by a growing marketplace. In doing so it has established relationships with carriers such as Virgin Mobile, FIDO and a soon to be announced US carrier, as well as developing its own line of products such as Cherry Red accessories as well as a content & e-commerce division that is on line and will be announced shortly.
Forward-Looking Statements
This press release contains certain statements which are not historical or current fact and constitute forward-looking statements within the meaning of such term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such forward-looking statements are based on our best estimates of future results, performance or achievements, based on current conditions and the most recent results of the Company. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms may, will, potential, opportunity, belies, belier, expects, intends, estimates, anticipates or plans to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
Distributed by Filing Services Canada and retransmitted by Market Wire
Contact:
Don Currie Toll Free: 1-888-602-9596 Direct Line: 1-604-602-9596
SOURCE: MGN Technologies, Inc.
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Gold & Silver Minerals Appoints New Member to the Board of Directors
LAS VEGAS, NV -- (MARKET WIRE) -- November 01, 2006 -- G&S Minerals, Inc. dba Gold & Silver Minerals (PINKSHEETS: GSML) (www.gold-silverco.com), a growing mining company focused on acquiring and developing high-quality, low-risk resource and energy prospects, today announced the appointment of Mr. Brendan D. English, 45, to its Board of Directors.
Prior to joining G&S Minerals, Mr. English was Vice President of a major technology provider focusing on the areas of storage and management of critical business information. Mr. English was responsible for the creation of technology and markets relating to both the complex needs of the compliance/regulatory environment and the areas of data verification and data quality in the business enterprise.
Charles Brown, president and CEO of G&S Minerals, said, "Brendan English is a highly focused executive with a proven track record of success and a strong background in the creation and execution of solutions for every industry. In addition, he brings extraordinary talent, depth and experience in Sales and Marketing management. I believe Brendan will have a significant impact in moving G&S Minerals forward by enhancing our technology, sales and marketing execution efforts."
Added Mr. English, "G&S Minerals has the potential to leverage the experience of its management group and possess the eagerness to pursue synergistic acquisitions to add long-term value and launch the company into the next phase of growth."
About Gold & Silver Minerals
G&S Minerals, Inc. dba Gold & Silver Minerals is a growing mining company focused on acquiring and developing high-quality, low-risk resource and energy prospects. The company is aggressively pursuing opportunities to develop working interests in mineral properties that offer short time to production as well as significant upside exploration potential. By leveraging an extensive network of industry contacts, management expertise, smart acquisitions and a strong market for minerals, Gold & Silver Minerals is working to build rapid asset growth, near-term cash flow, market interest and shareholder value. Gold & Silver Minerals trades on the OTCPK as "GSML." For additional information, please visit www.gold-silverco.com
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Investor Relations Dennis Wilson Kaiden-Daniel IR (704) 370-3430 dennis*kaidendaniel.com
SOURCE: Gold & Silver Minerals
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Source: EcoPlus, Inc. EcoPlus Estimates Multimillion Dollar Profits From International Licensing WEFTEC Exhibit in Dallas, Texas, Opens Opportunities for International Expansion
CHARLOTTE, N.C., Nov. 1, 2006 (PRIMEZONE) -- The EcoPlus, Inc. (Pink Sheets:ECPL) exhibit at the Water Environment Federation Technical Exhibition (WEFTEC) in Dallas, Texas, saw international interest from Germany, India, and China in its patent pending waste to fuel technology. This interest could translate into significant international licensing fees.
Ralph Rogers, president of EcoPlus, stated that, "We had planned for evaluation of the international opportunities for the EcoPlus technology beginning in late 2007, and never included international revenues in its five-year financial projections. The quality of the interest from international attendees indicates that EcoPlus must consider accelerating its international options as the potential of additional revenues in the range of millions of dollars annually is evident."
ECPL (www.ecoplusinc.com) has a patent-pending, commercially proven technology that utilizes an environmentally friendly process for turning restaurant refuse into a high quality, solid fuel product. This product can be used as a coal substitute to produce power, as an adjunct fuel in waste heat to energy and steam plant operations and as a fuel for industrial process heat over a broad range of applications. This option to capture BTUs for energy that are normally wasted is highly attractive in the tight energy environment of today.
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 proclamations about the Company's future expectations, including future revenues and earnings, technology effectiveness and all other forward-looking statements be subject to the safe harbors created thereby. EcoPlus, Inc. is a development stage company that depends on outside resources to maintain its continuation. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
CONTACT: EcoPlus, Inc. Bill Scherffius, Chief Operating Officer 704-494-0064 Toll-free: 877-494-0064
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Source: Integrated Software Development Integrated Software Development Ltd. Triumphs in Competition with SAP Manage, Division of SAP
KIRYAT BIALIK, Israel and LAS VEGAS, Nov. 1, 2006 (PRIMEZONE) -- Integrated Software Development Ltd. (ISD) (Pink Sheets:IDVJ), a provider of enterprise software aimed at small-and medium-sized enterprises, today announced that its BENEFIT customers remain loyal, despite fierce competition from SAP Manage, a division of SAP, a major global IT group.
A former business ally of ISD, SAP Manage has launched an aggressive campaign to capture ISD's CRM market, but to no avail. ISD and SAP Manage, former business allies that collaborated in sales of respective ERP and CRM solutions to customers in Israel, became fierce competitors since SAP Manage decided to develop its own CRM solution, with the support of its parent company, SAP(www.sap.com). SAP is considered the market and technology leader in business software solutions, controlling 26% percent of the global CRM market.
"Despite SAP Manage's strong efforts to entice our customers, 90% have refused to give up BENEFIT. Our customers' unwavering loyalty is not surprising, because BENEFIT simply has no competition as a solution for small and medium-sized businesses. ISD's CRM module offers a superior, highly efficient package that speaks the customer's language," notes ISD CEO, Moti Maram with satisfaction.
"BENEFIT functionality and compatibility is changing the local CRM market. Even large-scale organizations that relied almost exclusively on expensive customized CRM development projects now recognize that our cost-beneficial CRM module provides all the advantages of a solution without the hassle of a customized project. BENEFIT also saves them tens of thousands of dollars each year in service contracts. In fact, because of its outstanding flexibility and compatibility BENEFIT makes the interfacing issue a trivial matter and delivers a superior CRM package to the end user, no matter what database the organization uses," states Moti Maram.
"In response to this emerging trend, we plan to expand our marketing efforts to the country's large-scale enterprises and organizations. Other directions of development will emphasize BENEFIT's potential to operate as a hosted CRM service on a subscription basis," summarizes Moti Maram, CEO of ISD.
CRM is a fast-growing dynamic market, characterized by the emergence and increasing popularity of open-source software and buyer consumption models such as hosted and subscription offerings. Total CRM software revenue grew by 13.7% in 2005 to $5.7 billion, according to a recent industry report by Gartner Inc. As buyers recognize CRM as a key driver of customer acquisition and retention, continued market growth is expected with a compound annual growth rate of 11.2% until 2010, with North America as the leading source of small to midsize business application software revenues.
About ISD
ISD Ltd. is an Israeli software company providing enterprise software that enables small-and medium-sized enterprises to optimize functions such as workforce management, contact center operations and asset management. The easy-to-employ solution, BENEFIT, includes many Customer Resource Management (CRM) functions with the focus on customer need for greater internal efficiency, cost control and maintaining customer service quality. BENEFIT is already used by over 3,000 users in more than 200 organizations across a wide range of functions and industries.
For more information, please contact Jeff Adams at: invest-isd*isdsoft.com or visit us on the Web at http://www.isdsoft.com.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
CONTACT: Integrated Software Development Ltd. Jeff Adams invest-isd*isdsoft.com
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Plasticon International .001 PLASTICON INTERNATIONAL, INC. files Form 8-K, Current Report
-------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 1, 2006
PLASTICON INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in Charter)
Wyoming 0-32201 20-4263326
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification Number)
3166 Custer Drive, Suite 101, Lexington, Kentucky 40517
(Address of Principal Executive Offices, Zip Code)
Registrant’s telephone number, including area code: (859) 245-5252
_________________
Wicklund Holding Company
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
THE STATEMENTS CONTAINED IN THIS CURRENT REPORT THAT ARE NOT HISTORICAL FACTS ARE “FORWARD-LOOKING STATEMENTS (AS THAT TERM IS DEFINED IN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995), THAT CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS “BELIEVES, “EXPECTS, “ ”MAY,” “WILL,” “SHOULD,” OR “ANTICIPATES,” OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE PLANNED EFFORTS TO IMPLEMENT THE COMPANY’S BUSINESS PLAN AND ANY OTHER EFFORTS THAT THE COMPANY INTENDS TO TAKE IN AN ATTEMPT TO GROW THE COMPANY, ENHANCE SALES, ATTRACT & RETAIN QUALIFIED PERSONNEL, AND OTHERWISE EXPAND THE COMPANY’S BUSINESS ARE NOT HISTORICAL FACTS AND ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR BECAUSE OF THE CONTINUING RISKS FACING THE COMPANY. SUCH RISKS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: THE PROSPECTS AND FINANCIAL CONDITION of SEMCO DISTRIBUTION, INC. AND/OR ULTIMATE SURFACE, LLC, OUR LIMITED DUE DILIGENCE IN EVALUATING THE ACQUISITION OF THESE COMPANIES, OUR ABILITY TO IMPLEMENT OUR PLANNED BUSINESS STRATEGY, THE RISK ASSOCIATED WITH AN EARLY STAGE COMPANY, AND THE UNCERTAINTIES AND RISKS OF A SMALL COMPANY WITH LIMITED MANAGERIAL, FINANCIAL, AND MARKETING RESOURCES. ANY ONE OR MORE OF THESE AND OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS.
As used herein, the terms, “we,” “us,” “our,” and the “Company” refers to Plasticon International, Inc., a Wyoming corporation and its subsidiaries, unless otherwise stated.
ITEM 1.01 Entry into a Material Definitive Agreement
Share and Membership Interest Purchase Agreement
On January 1, 2006, Plasticon International, Inc. (the “Company”) entered into a Share and Membership Interest Purchase Agreement (the “Acquisition Agreement”) with Semco Distribution, Inc., a Nevada corporation (“Semco”), Ultimate Surface, LLC, a Nevada limited liability company (“USL”), and Samel Sem and Yamine Sem (both of the latter, as the “Semco Owners”).
Under the terms of the Acquisition Agreement (and except for the then current balance of Semco’s cash, accounts receivable, accounts payable, and accrued liabilities), the Company acquired all of the outstanding common stock of Semco and all of the outstanding membership interests of USL at a purchase price (including the performance payment) of $2,750,000 (the “Purchase Price”).
The Acquisition Agreement provided that the Purchase Price was to be paid as follows:
(1) The Company is to pay a refundable cash payment of $100,000 prior to close of escrow of the Acquisition Agreement (the “Initial Cash Payment”).
(2) The Company is to pay the cash sum of $550,000 upon the close of escrow (with said payment refundable in the event of termination of the Acquisition Agreement).
(3) The Company is to issue shares of the Company’s common stock to the Semco Owners with said shares to have a valuation of $100,000 upon close of escrow.
(4) The Semco Owners are to be paid up to $2,000,000 as a Performance Payment (the “Performance Payment”) to be paid monthly out of 50% of Semco’s net profits before tax by the 10 th working day of the month immediately following the month in which said net profits are recorded with the term “net profits” to be a formula determined by the parties prior to the close of escrow on the Acquisition Agreement. The Company’s obligation to pay the Performance Payment is to continue until it is paid in full.
(5) A royalty payment to the Semco Owners equal to 4% of the net profits derived from the then current proprietary technology owned by SEMCO (without including any new or resulting technology developed or established by the Company after the closing of the Acquisition Agreement) (the “Royalty Payment”).The Royalty Payment is to be paid to the Semco Owners and/or their heirs for a period of 20 years from and after the Performance Payment.
The Acquisition Agreement also provided that: (A) the existing USL sales contract and related costs are retained by the Semco Owners and not included in the Acquisition Agreement; (B) all of the shares of Semco and the membership interests of USL acquired pursuant to the Acquisition Agreement are to be held in escrow until the Purchase Price is paid in full; and (C) the Semco Owners agreed to non-compete agreement with the Company.
. . .
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UTEK Corporation and Klegg Electronics, Inc. Complete Technology Transfer Thursday November 2, 2:00 am ET
TAMPA, Fla. & LAS VEGAS--(BUSINESS WIRE)--UTEK Corporation (AMEX:UTK - News; LSE-AIM:UTK), a specialty finance company focused on technology transfer, and Klegg Electronics, Inc. (Pink Sheets:KLGE - News), a manufacturer and distributor for wholesale and retail consumer electronic products, today announced that Klegg Electronics, Inc. has acquired Universal Wireless Technologies, Inc., a wholly owned subsidiary of UTEK Corporation, in a stock transaction. ADVERTISEMENT
Universal Wireless Technologies, Inc. holds a worldwide exclusive license for a single integrated wireless chip developed at the University of Cincinnati. This chip facilitates simultaneous operations of both the Bluetooth(TM) and 802.11 standards. Existing technologies have attempted to resolve the problem of interference by either preventing the simultaneous use of the two standards in a manner that requires an explicit choice by the end user or by requiring two separate antennas controlled by a switching matrix.
Mathew Willenbrink, Senior Licensing Associate at the University of Cincinnati, said, "We look forward to the opportunity to work with Klegg Electronics, Inc. as they seek to develop and commercialize this technology."
"Klegg Electronics, Inc. is enthusiastic about our acquisition of Universal Wireless Technologies, Inc.," said Dennis Gentles, President of Klegg Electronics, Inc. "We are looking forward to integrating this new technology into our next generation of portable media players as we reiterate our commitment to becoming a leader in consumer electronic innovation."
"UTEK is pleased to consummate this technology transfer with Klegg Electronics, Inc.," said Jennifer Willis, Manager of Technology Licensing at UTEK Corporation.
About University of Cincinnati
Since its founding in 1819, the University of Cincinnati has been the source of many discoveries creating positive change for society, including the first antihistamine, co-op education, the first electronic organ, the Golden Gate Bridge designer and the oral polio vaccine. Each year, this urban, public, research university graduates 5,000 students, adding to more than 200,000 living alumni around the world. For more information about the University of Cincinnati, please visit its website at www.uc.edu.
About Klegg Electronics, Inc.
Klegg Electronics, Inc. is a manufacturer and distributor of high quality consumer electronics. Klegg Electronics has focused on designing a variety of products that work seamlessly together within the home. For more information about Klegg Electronics, please visit its website at www.klegg-america.com.
About UTEK Corporation
UTEK® is a specialty finance company focused on technology transfer. UTEK's services enable companies to acquire innovative technologies from universities and research laboratories worldwide. UTEK facilitates the identification and acquisition of external technologies for clients in exchange for their equity securities. This unique process is called U2B®. In addition, UTEK offers companies the tools to search, analyze and manage university intellectual properties. UTEK is a business development company with operations in the United States, United Kingdom and Israel. For more information about UTEK, please visit its website at www.utekcorp.com.
Forward-Looking Statements
Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words, such as UTEK or Klegg Electronics, Inc. "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UTEK's or Klegg Electronics, Inc.'s future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of UTEK or Klegg Electronics, Inc., as appropriate, and the valuation of UTEK's investment portfolio, which could cause actual results to differ materially from those currently anticipated. Although UTEK and Klegg Electronics, Inc. believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements, and some of these factors are discussed below. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and both UTEK and Klegg Electronics, Inc. do not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
UTEK's operating results could fluctuate significantly due to a number of factors. These factors include the small number of transactions that are completed each quarter, the value of individual transactions, the timing of the recognition and the magnitude of unrealized gains and losses, UTEK's dependence on the performance of companies in its portfolio, the possibility that advances in technology could render the technologies it has transferred obsolete, the loss of technology licenses by companies in its portfolio, the degree to which it encounters competition in its markets, the volatility of the stock market and the volatility of the valuations of the companies it has invested in as it relates to its realized and unrealized gains and losses, the concentration of investments in a small number of companies, as well as other general economic conditions. As a result of these and other factors, current results may not be indicative of UTEK's future performance. For more information on UTEK and for a more complete discussion of the risks pertaining to an investment in UTEK, please refer to UTEK's filings with the Securities and Exchange Commission.
Contact: UTEK Corporation, Tampa Tania Bernier, 813-754-4330 x 223 (USA) or Consulting for Strategic Growth 1 Stan Wunderlich, 800-625-2236 or Bankside Consultants (UK) Steve Liebmann or Simon Bloomfield, + 44 (0) 20-7367-8883 or Klegg Electronics, Inc. Dennis Gentles, 702-363-2277 or University of Cincinnati Mathew Willenbrink, 513-558-5696
-------------------- Cashing checks in two forms: Money and Reality
posted
PAIM -- Pearl Asian Mining Industries Inc. Com ($0.001)(New)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
StockTargets Inc.: Investor targets increase on Pearl Asian Mining Industries Inc. stock (Pink Sheets: PAIM) following a recent analyst recommendation
Nov 02, 2006 (M2 PRESSWIRE via COMTEX) -- Geneva, Switzerland, and Dover, Delaware, USA - StockTargets, Inc., a private Swiss company and an innovator in investor sentiment tracking on listed stocks, measured a firm shift in investor targets over the past 2 days on Pearl Asian Mining Industries Inc. (Pink Sheets: PAIM), following a new recommendation. Investor sentiment and forecast shows a substantial increase, and remains resolutely positive on the stock's prospects, following the latest news and a revaluation of the company by TTS Zurich http://www.ttszurich.com. Investors now forecast the stock rising to approximately US$ 0.0136 during the next 12 months. The StockTargets consensus 12 months target was US$ 0.0112 recently.
The 12 months target by TTS Zurich for the stock is US$ 0.04, which represents an upside of 2'400% from the present price. These different targets can be reviewed by clicking the following link: http://www.stocktargets.com/cgi-bin/ticker.pl?command=paim.pk. Targets indicators on stocks are an aggregate of all the news, sentiment and forecasts available on the company at a given moment in time, as perceived by investors. Pearl Asian Mining Industries Inc. website is http://www.pearlasianmining.com.
Pearl Asian Mining Industries, Inc. is in a final construction stage, currently involved in the exploration, acquisition, development, production and technology up-grades of viable properties with gold, silver, diamonds, other precious metals and minerals.
About StockTargets, Inc.
StockTargets, Inc. (http://www.stocktargets.com) is an investment banking and investor relations firm. Its Web site records all participants' sentiment, expressed as targets by its users. The StockTargets system, by building an investor sentiment indicator, attempts to gather and determine an measurement of all entries of users. The user's consensus target can be compared to targets provided by professionals, such as brokerage firms, analysts or fund managers. StockTargets Inc. was founded in 2005.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. All trademarks mentioned in this text are properties of their respective owners.
CONTACT: Sean Kelly, StockTargets Inc. Tel: +41 22 700 7648
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
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-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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UFSJ 0.2450 (Over the 0.10 rule, but coming off the bottom)
Ultimate Franchise Systems, Inc. Approves Stock Buyback Program to Repurchase Shares on the Open Market
HEATHROW, Fla., Nov. 2 /PRNewswire-FirstCall/ -- Ultimate Franchise Systems Inc. (OTC: UFSJ), a venture management company that develops ownership positions with mid-sized businesses, primarily in the restaurant industry, announced today that its Board of Directors has approved a program to repurchase and retire outstanding shares of the company's common stock. The program is effective immediately and is expected to be continued at least through December 31, 2006.
Christopher M. Swartz, CEO and President of Ultimate Franchise Systems, Inc., stated, "Based on our perception of our current market valuation relative to our strong prospects for future corporate growth, the Board has approved a plan to repurchase shares of UFSJ common stock in the open market. We are confident this course of action is in the best interest of Ultimate and our loyal shareholders. The Board will carefully monitor and analyze the share price during the next two months in order to determine the exact number of shares that will be repurchased."
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
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Raven Moon Receives Its Third DVD Order from Its Distributor Bayview Entertainment 11/2/2006
Trinity Broadcasting Network Makes a Positive Impact on Gina D's Kids Club(R) Reach
ORLANDO, Fla., Nov 02, 2006 (BUSINESS WIRE) -- Raven Moon Entertainment, Inc. (OTCBB:RMNE) announced today that it has received its third DVD order from its distributor Bayview Entertainment. Bayview has scheduled a national sales launch date of November 14, 2006 for two GINA D'S KIDS CLUB(R) DVD titles called: "Join in on the Fun" and "Sing Along with Gina."
Bayview will be distributing the product through Best Buy, Barnes & Noble and other online retailers. They are also planning to offer the product through iTunes (apple's iPod download service).
"Because Trinity Broadcasting and Smile of the Children Networks recently signed GINA D'S KIDS CLUB to air worldwide seven days a week, which could result in reaching an additional 100 million viewers, we will be contacting over 300 Christian bookstores to carry the product," said Sam Napolitano, Vice President of Bayview.
"We know we've got a great product that is appealing to parents who want G-Rated DVDs with good morals and family values for their children," stated Joey DiFrancesco Chairman and CEO of Raven Moon.
For further information contact Carol Merry at Fahlgren Mortine Investor Relations at 614-825-1750 or by email at: carol.merry*fahlgren.com.
Go to www.ravenmoon.net and check out GINA D'S KIDS CLUB(R) GINA D & THE TRANSISTOR SISTERS(R) THE MOVIE and TED TV(R)
Safe Harbor Act Notice: This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum or prospectus. Specifications are subject to change without notice.
SOURCE: Raven Moon Entertainment, Inc.
For Raven Moon Entertainment, Inc., Orlando Fahlgren Mortine Investor Relations Carol Merry, 614-825-1750 carol.merry*fahlgren.com
Copyright Business Wire 2006
-------------------- "As long as there are dreamers, there are dreams that will come true."
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posted
PLNI -- Plasticon International, Inc. .001 Com (5 Cents)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Plasticon International, Inc. Files Form 8-K Regarding Acquisition of Semco Distribution, Inc. and Ultimate Surface, LLC
LEXINGTON, KY, Nov 02, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company filed Form 8-K with the SEC in connection with the acquisition of Semco Distribution, Inc and Ultimate Surface, LLC. The agreement is available on Plasticon International's website at www.plasticonintl.com. Plasticon International, Inc. entered into a Share and Membership Interest Purchase Agreement with Semco Distribution, Inc. and Ultimate Surface, LLC. The Company acquired all of the outstanding common stock of Semco and all of the outstanding membership interests of Ultimate Surface, LLC.
"This acquisition has been greatly anticipated because the industry realizes that Plasticon's rebar support products and SEMCO's surfacing products, offered together, represent superior waterproofing technology in the marketplace today for the construction industry. We are very excited about the purchase of SEMCO and in an effort to better meet our filing obligations with the SEC and in preparation for our application to the OTCBB, we felt it was necessary to file the Form 8-K on the acquisition," stated Jim Turek, CEO and President of Plasticon International, Inc.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green company, environmentally friendly, using recycled plastics to produce its line of products.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
IVI Communications, Inc.'s IBC Wireless Exceeds Sales Quotas and Receives Awards at Motorola ACSP Conference 11/2/2006
Asked to Provide Support Services in Powerline Beta Test
MATTHEWS, N.C., Nov 02, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- IVI Communications, Inc. (OTC Bulletin Board: IVCM) (German WKN# A0DNWJ) announced today that its wholly owned subsidiary, Internet Business Consultants, Inc. (IBC Wireless) recently attended the Motorola Authorized Canopy Solution Provider (ACSP) Conference in Tucson, Arizona. The invitation-only event was a showcase where attendees heard presentations on the wireless broadband industry and Motorola's latest broadband products, services, and market focus for 2007.
Following the presentations, IBC was asked to submit a proposal in regards to assisting Motorola with the beta test of their new Powerline technology. A South Carolina utility company will be the beta site for Motorola's new multi-unit (MU) building broadband solution, Powerline MU and VL. When combined with Motorola's Canopy(R) platform, or one of Motorola's wi4 WiMAX solutions, Powerline provides Internet connectivity access across power lines in a community and through standard power outlets within a building.
During the conference IBC received awards for exceeding their sales quota and for Best Overall ACSP for Sales Action Taken on leads processed through Motorola's AdTrack System. IBC is qualified in three of four of Motorola's reseller categories including HotZone Meshing and their latest Point-to-Point solutions.
"IBC has a demonstrated track record of achievement that qualifies them to take a leadership role in deploying the latest and most sophisticated broadband technologies," stated Nyhl Henson, CEO of IVI Communications. "We look forward to supporting Motorola as they add municipal wireless to their market focus."
IVI Communications, Inc. recently announced that Internet Business Consulting (IBC) posted $402,234 in revenue from equipment sales and consulting services for the first quarter ending June 30, 2006. As a national distributor of pre-WiMAX and WiFi wireless equipment from Motorola, Alvarion, and AirSpan, IBC derives over 75% of its revenue from equipment sales. IBC engineers, installs, and supports wireless broadband networks and is a provider of VoIP Internet telephony services (www.ibcvoip.com).
About IVI Communications, Inc.:
IVI Communications (www.ivn.net) is implementing a threefold strategy: to acquire local Internet Service Providers (ISPs), deploy WiMAX fixed wireless broadband Internet access, and offer broadband services such as VoIP and Internet based entertainment services. IVI Communications' business plan is to deliver wide spread availability of broadband Internet access to rural towns across America.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Contact: IVI Communications, Inc. Investor Relations 1-866-THE-APPLE SOURCE IVI Communications, Inc. IVI Communications, Inc., Investor Relations, +1-866-THE-APPLE http://www.ibcvoip.com
Copyright (C) 2006 PR Newswire. All rights reserved
-------------------- "As long as there are dreamers, there are dreams that will come true."
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IVI Communications, Inc.'s IBC Wireless Exceeds Sales Quotas and Receives Awards at Motorola ACSP Conference 11/2/2006
Asked to Provide Support Services in Powerline Beta Test
MATTHEWS, N.C., Nov 02, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- IVI Communications, Inc. (OTC Bulletin Board: IVCM) (German WKN# A0DNWJ) announced today that its wholly owned subsidiary, Internet Business Consultants, Inc. (IBC Wireless) recently attended the Motorola Authorized Canopy Solution Provider (ACSP) Conference in Tucson, Arizona. The invitation-only event was a showcase where attendees heard presentations on the wireless broadband industry and Motorola's latest broadband products, services, and market focus for 2007.
Following the presentations, IBC was asked to submit a proposal in regards to assisting Motorola with the beta test of their new Powerline technology. A South Carolina utility company will be the beta site for Motorola's new multi-unit (MU) building broadband solution, Powerline MU and VL. When combined with Motorola's Canopy(R) platform, or one of Motorola's wi4 WiMAX solutions, Powerline provides Internet connectivity access across power lines in a community and through standard power outlets within a building.
During the conference IBC received awards for exceeding their sales quota and for Best Overall ACSP for Sales Action Taken on leads processed through Motorola's AdTrack System. IBC is qualified in three of four of Motorola's reseller categories including HotZone Meshing and their latest Point-to-Point solutions.
"IBC has a demonstrated track record of achievement that qualifies them to take a leadership role in deploying the latest and most sophisticated broadband technologies," stated Nyhl Henson, CEO of IVI Communications. "We look forward to supporting Motorola as they add municipal wireless to their market focus."
IVI Communications, Inc. recently announced that Internet Business Consulting (IBC) posted $402,234 in revenue from equipment sales and consulting services for the first quarter ending June 30, 2006. As a national distributor of pre-WiMAX and WiFi wireless equipment from Motorola, Alvarion, and AirSpan, IBC derives over 75% of its revenue from equipment sales. IBC engineers, installs, and supports wireless broadband networks and is a provider of VoIP Internet telephony services (www.ibcvoip.com).
About IVI Communications, Inc.:
IVI Communications (www.ivn.net) is implementing a threefold strategy: to acquire local Internet Service Providers (ISPs), deploy WiMAX fixed wireless broadband Internet access, and offer broadband services such as VoIP and Internet based entertainment services. IVI Communications' business plan is to deliver wide spread availability of broadband Internet access to rural towns across America.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Contact: IVI Communications, Inc. Investor Relations 1-866-THE-APPLE SOURCE IVI Communications, Inc. IVI Communications, Inc., Investor Relations, +1-866-THE-APPLE http://www.ibcvoip.com
Copyright (C) 2006 PR Newswire. All rights reserved
-------------------- "As long as there are dreamers, there are dreams that will come true."
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NT Media Corp. Music Division Content to Be Distributed on Napster 11/2/2006
LOS ANGELES, Nov 02, 2006 (BUSINESS WIRE) -- NT Media Corp. (OTCBB:NTMM), a diversified media and entertainment company, announced today that it has signed an agreement to distribute its music on Napster, the online music store (NASDAQ:NAPS) and numerous other digital music stores, including mobile platforms and subscription services.
NT Media Corp. announced the launch of its Music Division in September 2006 and this week announced the signing of "Mikey Mo the MC." He is scheduled to be the first of NT Media's music artists to be distributed on Napster.
"When we launched our music division, we made the decision to focus on digital distribution. We are very excited to have our first artist scheduled for Napster," said Ali Moussavi, CEO of NT Media Corp.
The distribution deal with Napster is through a collaborative distribution agreement with Shelter From the Storm Records and includes numerous internet destinations and mobile download platforms.
About Napster
Napster, Inc. provides online music for the consumer market. Its online music subscription services, Napster and Napster To Go, provide 2,000,000 tracks. The company's products help consumers to discover, access, and acquire songs by searching or browsing its catalogue, or accessing preprogrammed content through radio stations or custom compilations.
About Shelter From the Storm Records
Founded in December 2005, privately-held Shelter From the Storm Records is an operating unit of Sanctuary Entertainment, Inc. (not affiliated with The Sanctuary Group), which includes a record company and publishing unit, recording studio facility and mobile publishing group, Thumb Candy. The company is focused on broadband content development, deployment and sales. Sanctuary was founded in 2004 by music producer Barry Fasman and video game executive Vincent Bitetti. Fasman has dozens of hit records among his credits (including a producer of the year award in Great Britain). Bitetti has been in the interactive space since 1990, having sold millions of video game titles at Sound Source Interactive and TDK mediactive. The management team consists of video game and music professionals well-versed in technological trends, pop culture and brand marketing. Please visit www.shelterfromthestormrecords.com for more information.
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 production and finance.
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
Copyright Business Wire 2006
-------------------- "As long as there are dreamers, there are dreams that will come true."
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Universal Detection Technology to Launch Homeland Security E-Commerce Store 11/2/2006
LOS ANGELES, Nov 02, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Universal Detection Technology (www.udetection.com) (OTC Bulletin Board: UDTT) announced today that it's planning to add e-commerce capabilities to its internet site. As previously announced, Universal Detection Technology has broadened its product line beyond the BSM-2000 Anthrax Detector, to include, training videos, seminars, and other security services. The Company also plans to further expand its products and services to include the distribution of third party products. UDTT's BSM-2000 is a first line of defense real time anthrax detection machine that functions on a technology co-developed by NASA's JPL. The Company focuses on a broad range of products and services in addition to BSM-2000 and is planning to use the internet to expand the sales and marketing of its products.
"This will allow us to expand the customer base to which we market our homeland defense products and services. We are planning to take advantage of Internet's reach to market our bio-terror detection units as well as our emergency preparedness and training videos and services," said Nima Montazeri, UDTTs vice president of strategic development. "We are now offering services over a broader range of security and security training such as seminars and DVDs and we are broadening our marketing to include online purchasers," he added.
The Company recently announced the sale of two units of BSM-2000 to the Government of the United Kingdom and hopes to place more units at strategic government and private locations around the globe.
For information on distribution opportunities please email us: info*udetection.com
About Universal Detection Technology
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 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 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.
SOURCE Universal Detection Technology
Jacques Tizabi of Universal Detection Technology, +1-310-248-3655, jtizabi*udetection.com http://www.udetection.com
Copyright (C) 2006 PR Newswire. All rights reserved
-------------------- "As long as there are dreamers, there are dreams that will come true."
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Nighthawk Systems Receives Orders from Departments of Transportation 11/2/2006
SAN ANTONIO, Nov 02, 2006 (BUSINESS WIRE) -- Nighthawk Systems, Inc. (OTCBB: NIHK), a leading provider of intelligent wireless power control and emergency notification products, announced today that it has received orders for its PT1000 remote control boards from the Connecticut and Oregon Departments of Transportation. Both organizations will utilize the PT1000 to wirelessly activate flashing beacon signs, which are commonly used in conjunction with highway advisory radio systems and weather related alerts.
The PT1000 is a popular choice for integration into signage and alarm systems because of its onboard ability to decode a wireless message, convert logic level signals and provide for control of almost any relay. No separate relay control board is necessary. It is also a popular choice in solar powered applications because of its extremely low power requirements.
H. Douglas Saathoff, Nighthawk's Chief Executive Officer, stated, "We're very pleased that the Oregon Department of Transportation has placed another order with us, and also pleased to receive our first order from the Connecticut Department of Transportation. We continue to gain traction in the transportation industry with new and existing customers because our products reliably extend reach into areas that are not serviced by traditional phone and electrical lines."
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.
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. Doug Saathoff, 877-7-NIGHTHAWK, Ext 701 dsaathoff*nighthawksystems.com
Copyright Business Wire 2006
-------------------- "As long as there are dreamers, there are dreams that will come true."
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James Monroe Capital Shareholder Meeting Called ''Awesome Success'' Thursday November 2, 8:30 am ET
CHICAGO--(BUSINESS WIRE)--James Monroe Corporation (Pink Sheets: JMCP - News) held its 2006 shareholder meeting on November 1, which, according to 100% of those attending, was a success. 80% of those attending even called it an "awesome success."
The tour revealed that Diversified Ethanol's plant has made progress faster than forecasted by the engineer, with construction moving more quickly than some legal permits. Electricians and steel workers were busy working during the meeting. The tour also revealed a factory geared up to efficiently mass produce ethanol plant components, with raw materials coming in one end, and finished components going out the other. Shareholders who visited many of the local properties were very pleased, and there was much talk of increased positioning.
In addition to shareholders, also attending were Bob Johnson, Vinton Lewis, and some new faces, including the senior loan officer from Bradford Mortgage. A total of 21 people attended the meeting.
Other interesting information from the voluntary survey of visiting shareholders who attended the meeting: 80% said they would like to see the company declare a stock dividend of ONYI shares, with 20% undecided. 75% of those in favor of a stock dividend said they would like to see that stock restricted (that is, no "dumping") to help the stock rate better with analysts. For short term 60% gave JMCP a rating of "Strong Buy," with 40% stating, "Hold." For long term 80% gave JMCP a rating of "Strong Buy," with 20% saying, "Buy."
Company president Chris McGovern reviewed and explained the company ethics & principles, which are listed on the company web site. Taylor Moffitt made some special announcements, including that the building that houses Diversified Ethanol has been paid off and is now debt free. Amid anticipated growth, the company is preparing to outgrow its current buildings, and has been in negotiations regarding the purchase of a much larger office building, although no plans have yet been made. Moffitt also mentioned plans to cater to customer requests to design a larger ethanol plant to add to Diversified Ethanol's lineup. Moffitt announced that the company would be switching to a high-tech secure digital system of bookkeeping, with hard backups. The new system will facilitate mergers and acquisitions, and save money.
The nearly 2 hour-long meeting was recorded, and will be available on the company web site, at www.diversifiedethanol.com within the next few business days.
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.
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Armor Electric Announces Negotiations Underway for Worldwide Distribution Rights Agreement for the Three Wheel Taxi Cab Unit 11/2/2006
SOLANA BEACH, Calif., Nov 2, 2006 (PrimeZone Media Network via COMTEX News Network) -- Armor Electric Inc. (OTCBB:ARME) announced today that they have initiated dialogue with Hero Motors of India to negotiate a worldwide manufacturing and distribution rights agreement for the three wheel electric taxi cab unit.
Hero Motors of India possesses a very strong manufacturing, marketing and distribution network that would enable the worldwide release of the three wheel taxi cab unit. Hero played a key role in the frame engineering for the three wheel taxi cab prototype units and manufactured the three wheel taxi cab frame.
The proposed introduction of these electric powered vehicles would be targeted for markets in Brazil, high tourist areas in Mexico (other than Mexico City), and high tourist areas in Western Canada.
About Armor Electric, Inc.
Armor Electric, Inc. is a leader in the design, manufacture, and distribution of electric battery power drive systems for land and water vehicles.
This information may include 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 statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed on the website might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Voyager One, Inc. Announces Vice President of Supply Operations Position to Oversee Acquisition of Product for Refining 11/2/2006
Position to Oversee Acquisition of Product for Refining
HINSDALE, Ill., Nov 2, 2006 (PrimeZone Media Network via COMTEX News Network) -- Voyager One, Inc.(OTCBB:VYGO) announces the hiring of Mr. Robert Nelson for the position of Vice President of Supply Operations. Mr. Nelson has over 24 years experience in planning, directing, and coordinating technical research, and the development and testing of ferrous and non-ferrous metal working lubricants. Mr. Nelson has held positions as Operations Manager for Oil Recovery, Inc. and Sybil Inc.; Technical Manager for Salco Industrial; Chief Process Engineer for CIW Company; and Process Engineer for Michigan Petroleum Company. Mr. Nelson holds a degree in Chemical Engineering and Environmental Chemistry from the Detroit Institute of Technology. Mr. Nelson also holds a B-2A Waste Treatment Plant Operator license with the Michigan Department of Environmental Quality.
"The hiring of such a high caliber person as Mr. Nelson increases our confidence in the Company's new direction of refining, blending, bottling and distributing petroleum based lubricants to the manufacturing and automotive aftermarket. Mr. Nelson's expertise complements the existing management team and we feel fortunate to be able to acquire his services," commented Sebastien Dufort, President of Voyager One, Inc. Mr. Dufort continued, "We are hopeful to have the previously announced name change to Voyager Petroleum, Inc. completed in the next 40 days."
Mr. Nelson stated, "I look forward to helping the management team accomplish its goals. I feel my skill set will ease Voyager's entry into the lubricant market. It is exciting to have the opportunity to help build a business from the ground up."
About Voyager One, Inc.
Voyager One, Inc. was incorporated under the laws of the state of Nevada in April 2000. It had no operating history other than organizational matters prior to its reverse merger with Silicon Film Technologies, Inc. in February 2004. Silicon Film is now a subsidiary of Voyager in the business of developing technology that enables a conventional 35mm camera to capture, store, manipulate, display and transfer digital images without modifications to the camera. In September 2006, Silicon Film signed a joint venture agreement with Applied Color Science for the further development of this technology. In May 2006, Voyager expanded its acquisition strategy to include petroleum oil blending, refining, bottling, and marketing companies and related assets. Voyager expects oil and gas to remain a primary area of focus moving forward.
Forward-Looking Statements
This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology.
Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results.
Voyager One, Inc. Announces Vice President of Supply Operations Position to Oversee Acquisition of Product for Refining 11/2/2006
Position to Oversee Acquisition of Product for Refining
HINSDALE, Ill., Nov 2, 2006 (PrimeZone Media Network via COMTEX News Network) -- Voyager One, Inc.(OTCBB:VYGO) announces the hiring of Mr. Robert Nelson for the position of Vice President of Supply Operations. Mr. Nelson has over 24 years experience in planning, directing, and coordinating technical research, and the development and testing of ferrous and non-ferrous metal working lubricants. Mr. Nelson has held positions as Operations Manager for Oil Recovery, Inc. and Sybil Inc.; Technical Manager for Salco Industrial; Chief Process Engineer for CIW Company; and Process Engineer for Michigan Petroleum Company. Mr. Nelson holds a degree in Chemical Engineering and Environmental Chemistry from the Detroit Institute of Technology. Mr. Nelson also holds a B-2A Waste Treatment Plant Operator license with the Michigan Department of Environmental Quality.
"The hiring of such a high caliber person as Mr. Nelson increases our confidence in the Company's new direction of refining, blending, bottling and distributing petroleum based lubricants to the manufacturing and automotive aftermarket. Mr. Nelson's expertise complements the existing management team and we feel fortunate to be able to acquire his services," commented Sebastien Dufort, President of Voyager One, Inc. Mr. Dufort continued, "We are hopeful to have the previously announced name change to Voyager Petroleum, Inc. completed in the next 40 days."
Mr. Nelson stated, "I look forward to helping the management team accomplish its goals. I feel my skill set will ease Voyager's entry into the lubricant market. It is exciting to have the opportunity to help build a business from the ground up."
About Voyager One, Inc.
Voyager One, Inc. was incorporated under the laws of the state of Nevada in April 2000. It had no operating history other than organizational matters prior to its reverse merger with Silicon Film Technologies, Inc. in February 2004. Silicon Film is now a subsidiary of Voyager in the business of developing technology that enables a conventional 35mm camera to capture, store, manipulate, display and transfer digital images without modifications to the camera. In September 2006, Silicon Film signed a joint venture agreement with Applied Color Science for the further development of this technology. In May 2006, Voyager expanded its acquisition strategy to include petroleum oil blending, refining, bottling, and marketing companies and related assets. Voyager expects oil and gas to remain a primary area of focus moving forward.
Forward-Looking Statements
This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology.
Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results.
posted
WOOPS.. wrong news with that stock symbol.. Let's try this again..
UTYW --------------------------------
UNITY WIRELESS CORP
Unity Wireless Receives Third Order in $750,000 Program 11/2/2006
Delivery in Q4-2006 & Q1-2007
BURNABY, BC, Nov 02, 2006 (MARKET WIRE via COMTEX News Network) -- Unity Wireless Corporation (OTCBB: UTYW), a world-class provider of wireless systems and coverage-enhancement solutions, announced today that it has received the third in a $750,000 series of purchase orders to supply a major Middle East wireless network operator with microwave radio links. This latest purchase order, valued at $250,000, is scheduled for delivery across Q4-2006 and Q1-2007.
Ilan Kenig, President and CEO of Unity Wireless, commented, "This is a meaningful order for us as it is yet another in a sizable series of POs representing ongoing client satisfaction and support of our microwave line by a key regional wireless operator. We are anticipating follow-on business from this same wireless network operator in the first half of 2007."
Mr. Kenig continued, "The recently acquired microwave product line is now showing the benefits of the greater sales, marketing and customer service resources that the new consolidated Unity Wireless organization provides. We are pleased with the traction we are gaining in the Middle East, South East Asia, and the renewed interest we see in North America."
The best value in the Point-to-Point microwave radio line-up from Unity Wireless, the UNI 50, is a low-to-medium capacity solution designed to carry a flexible mixture of PDH voice, data, video and Ethernet traffic up to 48 Mbps. The front panel LCD display, with built-in touch-keys, allows for control of local and remote terminals from one location, making the UNI 50 one of the easiest radio solutions to install and maintain.
About Unity Wireless
Unity Wireless is a developer of developer of key network components for wireless carriers and OEM sub-components for network infrastructure manufacturers. For more information about Unity Wireless, visit www.unitywireless.com.
Forward-Looking Statements
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "feel," "plan," "anticipate," "project," "could," "should" and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation, inability to consummate the acquisitions, difficulty in integrating any of the proposed or future acquisitions, inability to raise the funds necessary for the continued operations of the Company and its acquisitions, changes in external market factors including the economy, and other risks and uncertainties indicated in the Company's most recent SEC filing on form SB-2. Actual results could differ materially from the results referred to in the forward-looking statements.
Investor Contact: David Orton Unity Wireless (604) 267-2715 davido*unitywireless.com Mike Mulshine Osprey Partners (732) 292-0982 osprey57*optonline.net
Eternal Image Signs Distributors for New England and Illinois Thursday November 2, 9:00 am ET
FARMINGTON HILLS, MI--(MARKET WIRE)--Nov 2, 2006 -- Eternal Image, Inc. (Other OTC:ETIM.PK - News), a public company engaged in the design, manufacturing and marketing of customized designer caskets and urns, today announced it has reached distribution agreements with companies covering New England and Illinois.
Wilbert Knauers Vault Inc. of Joliet, Illinois will carry the entire line of Eternal Image products, beginning with an initial order of Vatican Library Collection(TM) urns (the first products in the line available for distribution). Their agreement with Eternal Image spans the state of Illinois.
In a separate agreement, Quality Vault & Casket of Boston, Massachusetts has signed on to carry the complete Eternal Image line, also beginning with an initial order of Vatican Library Collection urns. The distribution agreement extends across New England and includes Maine, New Hampshire, Vermont, Massachusetts, Connecticut, Rhode Island and parts of New York, New Jersey and Pennsylvania.
According to Nick Popravsky, vice president of sales and marketing for Eternal Image, inquiries from distributors and funeral homes have been steady since the company introduced its new line of products at the National Funeral Directors Association Expo in Philadelphia last month and then began a significant direct marketing campaign to the industry.
The first Vatican Library Collection urns, featuring a design unique to EI, are now available for purchase. EI expects to roll out at least three additional product lines during 2007 in addition to the first Vatican Library Collection caskets.
EI products will be available through approved funeral homes across the country. Consumers are able to view current and new products on Eternal Image's web site, www.EternalImage.net.
-------------------- "As long as there are dreamers, there are dreams that will come true."
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RushNet, Inc. Retires Two Billion Issued-and-Outstanding Shares
Business Wire "US Press Releases "
BLUE ISLAND, Ill.--(BUSINESS WIRE)--
RushNet, Inc. (Pink Sheets:RSHN) is pleased to announce the Company has reacquired and retired two billion of its issued-and-outstanding common shares and returned them to treasury. As a result, the number of outstanding common shares is reduced from 5.4 billion to 3.4 billion issued-and-outstanding common shares. The company is evaluating whether further reductions in share structure may be warranted.
RushNet, Inc. is the licensed marketing agent for Rush Beverage Company whose products include all-natural soft drinks Ginseng Rush(R), Ginseng Rush XXX(TM), Rush Ginseng Cola(TM) and the Organic Apple RUSH(TM) line. RushNet, Inc. is the brand owner of e-water(TM).
Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
By PR Newswire Last Update: 11/2/2006 10:07:00 AM Data provided by
LAS VEGAS, Nov 02, 2006 /PRNewswire-FirstCall via COMTEX/ -- H3Enterprises, Inc. (HTRE) has announced that it has completed the design and acquisition of H3TV, the first HDTV that is truly customized for today's "players," The "one- of-a-kind" flat screen will immediately be utilized in H3's new HipHopSodaShop in St. Petersburg as well as a home entertainment model that will be introduced live next Wednesday at the St. Petersburg Soda Shop which is being built in partnership with all-time NFL great, Warren Sapp.
H3TV is a multi-functional computerized television display designed to be the LCD flat screen of the "Hip Hop Generation," boasting the highest resolution in the industry. H3TV is the first flat screen on the market that is truly customized and contains a variety of features designed specifically for "video gamers" complete with multiple XBOX 360 consoles as well GenAudio's 4D "Astound Sound," the finest sound system available anywhere. H3TV has gaming monitors designed specifically for the HipHopSodaShops and H3Players.com in addition to home entertainment models that will be sold out of the Merchandise section within the SodaShops as well as on a direct retail basis. H3TV's technical software and hardware support is being supplied by Wal2WalTV and Circuit City.
HarlemHoopHero and H3's Chief Communications Officer, Adrian "Hollywood" Walton will be hosting the H3TV St. Petersburg presentation next Wednesday as well as showing off his H3TV XBOX skills along with some special guest "players." Walton, one of Harlem's legendary Diplomats, will also be attending GenAuto's "Astound Sound" presentation at The Westin Hotel on 42nd Street on November 3rd on behalf of H3. "Everyone I know, particularly all the real Players, wants to load up with flat screens everywhere. The Diplomats have always been about setting trends and H3TV definitely fills the bill. Nobody's ever seen a flat screen that can do what H3TV does and with the best picture and best sound on the market, we just created a combo that's unbeatable."
HTRE will be holding its weekly Conference Call today at 12:00 Noon Eastern. Everyone is invited to join in by calling 319 256 0100 Passcode 966407.
ABOUT H3: H3Enterprises is the first publicly traded company dedicated to the hip hop culture and lifestyle. H3 is committed to the positive growth of the entire community through business, educational, and investment opportunities. Management has created a business focused on feeding the worldwide demand for everything hip hop and maximizing returns for its shareholders. H3 Enterprises is the owner, creator, licensor, and franchiser of HipHopSodaShops, H3TV, H3Raps, H3WhiteTeaBeverages, H3Players.com, H3Merchandising, and H3Players' WorldSeries of CyberSports. For more information, please visit www.h3inc.com.
Safe Harbor: Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results.
Produce Safety & Security International Announces Roll Out for Import & Export Floral Process Distribution Centers PR Newswire - November 02, 2006 13:00 Produce Safety & Security International Will Finalize Three Locations for Floral Distribution Process Providing the Extension of Shelf-Life of Floral Products
PRESCOTT, Ariz., Nov 02, 2006 /PRNewswire-FirstCall via COMTEX/ -- Produce Safety & Security International, Inc. (OTC: PDSC), an ozone and chemical sanitation disinfectant process supplier to the food and medical industries, announces the selection of three locations for Floral Distribution.
Produce Safety & Security International will finalize leases for three distribution centers for Floral Distribution Centers located in Dallas, Texas, South Florida and the Los Angeles area.
Clarence W. Karney, CEO of Produce Safety & Security International, states, "The selection of these facilities will create increased sales, providing the Floral Industry with a cost effective process giving a higher return to the grower, packer, distributor and retailer. These distribution centers will give PDSC the eighth revenue center in the multi billion dollar floral industry. The three locations will provide a more effective delivery process giving the end customer better product with longer shelf-life."
About Produce Safety & Security International, Inc. (PDSC)
PDSC has developed and patented products for extending the shelf life of perishables. The EPA-registered products sanitize and disinfect against food-borne illness pathogens and disease-causing bacteria. PDSC provides a range of options for retail stores, restaurants, cruise ship lines, disaster cleanups and municipal programs. Furthermore, the process incorporates a complete audit trail, an essential component for complying with government regulations in the USA, Canada and Mexico.
PDSC's state-of-the-art ozone process has been shown to extend the shelf life and remove food borne illness bacteria. This process will provide retail produce departments reduced shrinkage, increase the bottom line and provide a fresher product for the consumer. The customer will be assured of a safe food product, by use of this process, which may be used on organic produce to remove the pathogens. This process uses no chemicals thus meeting the requirements of organic certification.
For further product information, joint venture opportunities, distributorship program information, or program applications, please go to PDSC's website www.foodsafeint.com .
Safe Harbor
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 Produce Safety & Security International, 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 Produce Safety & Security International, 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.
Contact Information Investor 559-435-3511 Marketing 928-717-1773 Website www.foodsafeint.com
SOURCE Produce Safety & Security International, Inc.
Investors, +1-559-435-3511, or Marketing, +1-928-717-1773, both for Produce Safety and Security International, Inc.
By Market Wire Last Update: 11/2/2006 3:19:13 PM Data provided by
LAKE DALLAS, TX, Nov 02, 2006 (MARKET WIRE via COMTEX) -- Conversion Solutions Holdings Corp. (CSHD), a Delaware Corporation, announces the following current events have taken place.
SPECIAL MEETING OF MAJORITY SHAREHOLDERS OF THE FRONTHAUL GROUP, INC./CONVERSION SOLUTIONS HOLDINGS, CORP.
Pursuant to the provisions of Delaware Business Corporation Act, as amended, the undersigned directors, being a majority of the shareholders of The Fronthaul Group, Inc./Conversion Solutions Holdings, Corp., a Delaware corporation (the "Company"), acting by written consent, hereby adopt the following corporation shareholder resolutions and hereby consent to the taking of the actions set forth therein.
WHEREAS, shareholders owning a 51+% majority of the 159,000,000 outstanding shares of the Company as evidenced by the signatures to these shareholder minutes have determined it is in the best interest of the Company for a new set of directors be appointed to take control of the Company in lieu of the present board and managements violating certain provisions of the Merger Agreement including, but not exclusive of, Sections 2, 4 and 6, which have caused the Company to be subjected to investigations by the Securities and Exchange Commission for filing erroneous financial statements, publishing questionable press releases, the NASD's halting of trading in the Company's shares, and not filing proper documents and amendments with the Delaware Secretary of State.
WHEREAS, Michael A. Alexander has offered to return to the Company as its Chairman of Board and Chief Executive Officer to oversee the restructuring and operations of the Company.
WHEREAS, Randy Moseley has offered to return to the Company as its Chief Financial Officer to assist Mr. Alexander's in the restructuring and manage the financial aspects of the Company.
RESOLVED, that Michael A. Alexander be appointed as the Company's sole director in replacement of Rufus Harris and Darryl Horton, the current directors of record with the Delaware Secretary of State and any other directors that might have been appointed and not reported to the Delaware Secretary of State.
RESOLVED FURTHER, that Michael A. Alexander be appointed as the Company's Chief Executive Officer and President the Company.
RESOLVED FURTHER, that Randy Moseley become the Company's Chief Financial Officer upon the resignation or termination of Darryl Horton.
RESOLVED FURTHER, Michael Alexander and other management personnel appointed by Mr. Alexander as sole director be authorize to establish corporate bank relations and accounts for the Company.
RESOLVED FURTHER, that Michael Alexander be authorized to establish the corporate offices for the Company in a location that he deems appropriate and accumulate and secure all the Company's financial records at the selected location.
RESOLVED FURTHER, that the Company file an amended Annual 10-KSB and the September 30, 2006 Quarterly 10-QSB with the Securities and Exchange Commission as soon as possible.
RESOLVED FURTHER, that the Company terminate all existing employment agreements and authorizes the new board of directors to negotiate employment agreements with new management as deemed necessary.
RESOLVED FURTHER, that Michael Alexander, as sole director, be authorized to cancel shares of common stock issued to the replaced board of directors and management as he deems equitable.
The execution of this Consent, which may be accomplished in counterparts, shall constitute a written waiver of any notice required by the Nevada Business Corporation Act or this corporation's Articles of Incorporation and Bylaws.
Dated: November 2, 2006.
"Based on current events, the major shareholders have approached me and asked me to return to the company as the Chairman of the Board and Chief Executive Officer. I have chosen to resume this role as my shareholders best interest, have always been foremost in my mind. I personally feel this is the right move at this time. I ask every shareholder only read and except information which will come from me in this time of transition. We do not intend to change the business model or management at this time. I will be diligent in updating the shareholders during this process. I spoke directly with Rufus Paul Harris prior to the majority shareholder meeting and have his 100% support. I regret his hasty departure from the company, as I feel every person is innocent until proven guilty. I look forward to working with the SEC, Ben Stanley, and Sabra Dabbs in moving this company in the right direction and resolving current issues. Any questions please feel free to contact the company at (940) 321-1074," says Michael Alexander Chairman/CEO Conversion Solutions Holdings Corp.
SOURCE: Conversion Solutions Holdings, Corp.
-------------------- "Great Day for Up!"....Dr. Seuss
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