Dragon Announces 2006 Third Quarter Results With $2.99 Million Net Income 11/14/2006
VANCOUVER, BRITISH COLUMBIA, Nov 14, 2006 (CCNMatthews via COMTEX News Network) -- Dragon Pharmaceutical Inc. (TSX:DDD)(OTCBB:DRUG)(BBSE:DRP) today announced financial results for the three and nine months ended September 30, 2006. As previously disclosed, Dragon sold a part of its formulation business effective July 1, 2006. Affected items on 2005 financial statements were reclassified to reflect the sale of part of the formulation business during the third quarter of 2006.
Highlights for the three and nine months ended September 30, 2006
- Sales for the third quarter increased by 41% to $11.91M from $8.44M for the same period in 2005; total sales for the first nine months was $38.96M, an increase of 74% as compared to the same period in 2005;
- Gross profit was $1.07M for the third quarter and $6.10M for the nine months;
- Earnings per share increased to $0.05 for the third quarter and $0.06 for the nine months.
Financial Summary
Dragon reported an increase of 41% for sales for the third quarter ended September 30, 2006 as compared to the same period of 2005, mainly due to increasing sales of chemical products. Of the total sales of $11.91M, 83% were from the Chemical Division, 13% were from Pharma Division and 4% were from Biotech Division. Sales for the nine months ended September 30, 2006 increased 74% to $38.96M from $22.37M for the same period in 2005. The Company continues to expand the international market outside of China, which accounted for 42% of the total sales for the nine month period, while it was only 23% for the same period in 2005.
Gross profit and gross margin for the third quarter were $1.07M and 9%. The slight decrease in gross margin as compared to the same period last year was mainly due to lower market prices for 7ACA products. Gross profit for the nine months 2006 was $6.10M with a gross margin of 15.6%.
Total operating expenses for the third quarter decreased 12% as compared to the same period last year. The interest expense for the first nine months of 2006 was $2.34M, of which $1.13M was cash interest expense and the remaining $1.21M was non-cash accreted interest expense on long-term payables.
During the third quarter, the Company completed the sale of a substantial portion of its formulation business and the registration documentation services to an unaffiliated party, resulting in a one-time gain after taxes of $4.06M.
Net income for the three and nine months ended September 30, 2006 were $2.99M, or $0.05 per share, and $3.77M, or $0.06 per share, respectively.
The Company remains as one of the three major manufacturers of 7ACA in China after the severe competition during the second and third quarters of 2006. Management believes that the market conditions for 7ACA, one of the Company's key products, have recovered since beginning of the fourth quarter this year. The Company is dedicated to enhance its dominating position for a rewarding return.
This press release contains forward looking statements, including but not limited to, that the Company will be a significant supplier in its remaining Parma Division in a more regulated environment and that it will be able to maintain or increase its 7ACA sales. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward looking statement. Readers should not place undue reliance on forward looking statements, which only reflect the view of management as of the date hereof. The Company does not undertake the obligation to publicly revise these forward looking statements to reflect subsequent events or circumstances. Readers should carefully review the risk factors and other factors described in its periodic reports filed with the Securities and Exchange Commission.
SOURCE: Dragon Pharmaceutical Inc.
Dragon Pharmaceutical Inc. Maggie Deng (604) 669-8817 or North America Toll Free: 1-877-388-3784 Email: ir*dragonpharma.com Website: www.dragonpharma.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
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Bingo.com Announces Third Quarter Results 11/14/2006
ANGUILLA, BRITISH WEST INDIES, Nov 14, 2006 (MARKET WIRE via COMTEX News Network) -- Bingo.com, Ltd. (OTCBB: BNGOF), operator of the World's Largest Bingo Hall, today announced its financial results for the third quarter ended September 30, 2006. All amounts are presented in United States dollars and in accordance with United States Generally Accepted Accounting Principles.
"It was a challenging quarter for Bingo.com," said Tarrnie Williams, the Company's CEO. "We were unable to maintain our strong revenue growth due to unforeseen and persistent software problems combined with slower summer demand. Unfortunately, once the software problems had been corrected, it was too late in the quarter to attain the revenue growth previously enjoyed. As a result, given our pre-planned marketing expenses, we were regrettably unable to maintain profitability. Just as our cash business was starting to improve again, the quarter ended with the unfortunate passing of the United States Unlawful Internet Gambling Enforcement Act, thereby creating unplanned challenges for the Company and causing us to refocus on emerging markets."
"On the positive side," added Mr. Williams, "the Company, in the quarter, completed its market studies and initial preparations for Bingo.com's entry into the United Kingdom, thereby significantly shortening the time required to enter this growing market. Our planning, combined with the rapid disposition of our United States cash business, puts us in a strong position to return to profitability."
Bingo.com results of the third quarter of 2006 included:
- Completion of market studies for cash bingo expansion.
- Total revenue of $833,543, a decrease of $62,734 from the second quarter of 2006.
- Online gaming revenue of $821,893, a decrease of $61,234 from the second quarter of 2006.
- A net loss of $51,251 for the quarter.
Subsequent to the quarter ended September 30, 2006, the Company sold its US cash players for US$1.2 million in response to the United States Unlawful Internet Gambling Enforcement Act.
Of the $833,543 revenue for the quarter, gaming provided revenue of $821,893, a substantial increase from gaming revenue of $197,873 in the third quarter of 2005 and a decrease of 7% from gaming revenue of $883,127 in the second quarter of 2006. We recorded advertising revenue of $11,650 in the quarter ended September 30, 2006, a substantial decrease from advertising revenue of $267,860 in the third quarter of 2005 and a decrease of 11% from advertising revenue of $13,150 in the second quarter of 2006. This decrease is due to Managements decision to suspend the sale of advertising available to third parties in order to increase the number of players on our cash games, thereby increasing revenue. Total revenue increased to $833,543 for the quarter ended September 30, 2006, an increase of 79% from revenue of $465,733 for the same period in the prior year and a decrease of 7% from revenue of $896,277 in the second quarter of 2006. The increase in revenue over the third quarter of 2005, is due to an increase in the number of cash players playing at Bingo.com. The decrease in revenue compared to the second quarter of 2006, is due to a combination of a slow down in the summer months and gaming software problems experienced during the quarter.
Operating costs before interest, depreciation and amortization expenses increased to $614,802 in the third quarter of 2006, an increase of 4% over operating costs of $590,324 in the second quarter of 2006. The increase in operating expenses is due to an increase in costs in operating a call centre to handle the calls from our customers, a increase in the number of personnel and an increase in the rate of pay and an increase in the marketing of Bingo.com, especially a trial offline marketing campaign in the United States.
Net loss for the quarter ended September 30, 2006, amounted to ($51,251), a decrease compared to net income of $55,549 for the second quarter of 2006, and a decrease compared to net income of $46,965 in the third quarter in the prior year.
Bingo.com had cash of $780,859 and working capital of $743,557 at September 30, 2006. This compares to cash of $1,071,088 and working capital of $581,855 at December 31, 2005.
About Bingo.com
Bingo.com, Ltd. operates the popular web portal www.bingo.com offering free and cash games including multiplayer bingo, video poker, sweepstakes, slot machines, and more. With over 1,650,000 registered users and more than 800 new users everyday, www.bingo.com is one of the most recognized and most visited Bingo entertainment destinations on the web.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward-looking, such as statements relating to anticipated future success of the company. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission. Specifically, readers should read the Company's Annual Report on Form 10-KSB, filed with the SEC on March 29, 2006, and the prospectus filed under Rule 424(b) of the Securities Act on March 9, 2005, for a more thorough discussion of the Company's financial position and results of operations, together with a detailed discussion of the risk factors involved in an investment in Bingo.com, Ltd.
Northstar Electronics, Inc. Announces Its 2006 Third Quarter Results VANCOUVER, British Columbia--(BUSINESS WIRE)--Northstar Electronics, Inc. (OTCBB:NEIK), specializing in advanced sonar technologies for Homeland Security and defense, today announced its 2006 third quarter results.
Revenues for the three months ended September 30, 2006 were US$413,132 compared to US$221,543 in the same period last year. Revenue consists of product and contract sales and government assistance. The Company incurred a net loss from operations for the quarter of US$161,514, or US $0.01 per share compared to a net loss of US$395,036 or US $0.02 per share for the same period of 2005.
Revenues for the nine months ended September 30, 2006 were US$1,399,390 compared to revenues of US$882,109 for the same period a year earlier. The Company incurred a net loss from operations for the nine month period of US$501,264 or $0.03 per share compared to a net loss of US$848,110 or $0.05 per share recorded for the same period of 2005.
In the quarter, the Company continued work on a contract from Lockheed Martin awarded in 2005. Under this contract, Northstar is performing a technology update on command and control consoles for navy submarines.
The Company continued work on an advanced digital receiver for its wireless underwater products and on a sonar system for scientific and governmental fisheries research.
Northstar’s CEO, Dr. Wilson Russell, commenting on the results, said “We have taken measures to reduce salary and overhead expenses. These measures along with increased revenues have helped reduce the loss in the quarter to approximately 40% of the loss in the third quarter of 2005.
During the quarter, we made good progress in our efforts to secure new contracts in defense and Homeland Security and anticipate concrete results shortly in several areas.”
About Northstar Electronics, Inc.
Northstar Electronics, through its subsidiaries, Northstar Technical Inc. and Northstar Network Ltd., provides electronic products to the marine industry and provides engineering, prototyping and production services to the Homeland Security and defense industries.
Safe Harbor:
Note: Included in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor created by those sections. Although the Company believes such expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove correct. The Company’s actual results could differ materially from those anticipated in the forward-looking statements as a result of certain internal and external factors.
Contacts Northstar Electronics, Inc. Investor Relations, 604-685-0364 Fax: 604-685-8337 or YES International Investor Relations Mr. Rick Kaiser, 757-306-6090 Fax: 757-306-6092 Email: yes*yesinternational.co or Martin Janis & Co, Inc. Media Ms. Beverly Jedynak, 312-943-1000, Ext. 12 Fax: 312-943-3538 Email: b.jedynak-janispr*att.net
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Conversion Solutions Holdings Corp Updates Shareholders Current Events Conversion Solutions Holdings Corp (OTCBB: CSHD), a Delaware Corporation, announces the following current events have taken place.
As of 8:38 p.m. on November 14, 2006, Mike Alexander has resigned as director and Chief Executive Officer and Randy Moseley has resigned as Chief Financial Officer of Conversion Solutions Holdings Corp (CSHD).
Mike Alexander says that, "I have spent the last couple weeks reviewing the records of Conversion Solutions Holdings Corp (CSHD) and have come to the conclusion that for the Company's assets to be monetized, the Conversion Solutions management group located in Georgia has the background and relationships in the bond market, with the particular bond assets claimed as assets by the Company, to implement the company's business plan. I, and all of the shareholders, wish the group in Georgia the best of luck in the development of the Company and the shareholders' value. Mr. Harris has agreed to assume his previous management and board position and will be making announcements in the near future. He can be reached at (678) 758-3010."
About Conversion Solutions Holdings Corp
CSHD is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CSHD's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market. Our funding will enable our businesses to compete more effectively, improve operations and increase value. CSHD is headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at www.cvsu.us.
CalbaTech Announces Increase in Revenue for Nine Months; LifeStem Continuing to Enroll New Medspas to Sell Its Stem Cell MicroBank(TM) Service
- $3.58 Million Projection for Revenues for First Year Banking Services -
IRVINE, Calif., Nov 15, 2006 /PRNewswire-FirstCall via COMTEX/ -- CalbaTech, Inc. (OTC Bulletin Board: CLBE), an emerging life sciences company (http://www.CalbaTech.com) concentrating on banking adult stem cells for possible future therapeutic uses and providing products and platforms to the biotech and pharmaceutical research markets and to academic institutions, today announced that revenues for the first nine months ended September 30, 2006 totaled $977,444, up three percent compared to the same period in 2005. Net income for the first nine months of 2006 totaled $629,822, or $0.01 per share, compared to a loss in 2005. The net income reported is because of the unrealized gain on adjustment of derivative and warrant liabilities to fair value of the underlying securities relating to the convertible notes CalbaTech obtained in 2005. CalbaTech posted a gross profit of $579,443 for the nine month period, compared to a gross profit of $449,330 for the first nine months of 2005.
The Company also announced a significant decrease in operating expenses, from $1.72 million for the nine months ended September 30, 2005 to $1.33 million for the same period in the current year. "We continue to be successful in cutting costs and increasing profitability," said James DeOlden, CEO.
In its Form 10-QSB filing, CalbaTech said its wholly-owned subsidiary, LifeStem, (www.life-stem.com) has moved ahead with its roll-out of the Stem Cell MicroBank(TM) Service, collecting adult stem cells for possible future needs, through the Solana Medspas network. LifeStem has begun marketing its service, providing marketing materials to the individual medspas, and has begun providing training to the medspa personnel. In a major positive development, Solana Medspas has entered into a letter of intent with a partner to open 4,000 additional medspas throughout the country within the next four years, all of which potentially would carry LifeStem's banking services.
"LifeStem is conservatively projecting $3.858 million in revenues in the first 12 months of operation and $26.3 million during its second 12 months," Mr. DeOlden said. "While we have not processed any clients yet, it is not because of lack of interest. We have received requests for subscription packets, have begun hosting seminars to potential clients, and our Chief Medical Officer, Dr. Jason Van Tassel, M.D. appeared on the radio and the Internet to discuss our service to a significant listening audience. Some of the regulatory, logistical and training issues have taken longer than anticipated, but this is to be expected in a new breakthrough service such as ours."
Mr. DeOlden continued, "The therapeutic possibilities that may be provided by collecting and preserving healthy adult stem cells on a pre-disease basis could revolutionize the practice of medicine. The market for stem cell technology has been estimated to grow to $30 billion by the year 2010."
-------------------- 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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NEOM (.07) 3 Major Chinese Insurance Companies Contract to Use Direct-to-Mobile-Web qode(R) Technology from NeoMedia
Business Wire "US Press Releases "
FORT MYERS, Fla. & BEIJING--(BUSINESS WIRE)--
NeoMedia Technologies, Inc. (OTC BB: NEOM) today reported that three major insurance companies in China have signed agreements to use its patented direct-to-mobile-web qode(R) technology.
The companies -- Alltrust Insurance Company of China Ltd., headquartered in Shanghai, Hua An Insurance (Sinosafe Insurance) Co. Ltd., headquarter in ShenZheng, and Yong An Insurance Co. Ltd., headquarter in Xi An - all signed agreements last week, said Charles T. Jensen, president and CEO of NeoMedia.
Developed and patented by NeoMedia, the qode (www.qode.com) suite of easy-to-use applications includes qode(R)reader and qode(R)window, providing One Click to Content(TM) connectivity for products, print, packaging and other physical objects to link directly to specific desired content on the Mobile Web. qode(R)reader works with camera phones, letting users "click" on two-dimensional "smart codes" for a direct connection to desired information, discount coupons, maps, contest entry forms, etc., and qode(R)window lets users enter a key word, phrase, UPC, etc., for similar connection.
NeoMedia's China Strategy Paying-Off
Mr. Jensen said NeoMedia will adapt its qode technology using "smart codes" to link more than one million policy holder customers via their cell phones directly to each company's Mobile Internet site. On those sites, he said, policy holders will be "just a click away" from information on their policies, claims, rates, etc. Smart codes, he said, will replace current document forms and individual insurance records. Each insurer will be assigned a smart code to keep records of insurance history.
"Just four months ago, NeoMedia Mobile business unit announced plans to begin making inroads within The People's Republic of China by working with companies and consultants based inside the country," Mr. Jensen said. "With the signing of these agreements our strategy is moving forward as planned.
Background on Chinese Insurance Companies
Alltrust Insurance Company of China Ltd. (http://www.alltrust.com.cn/index.asp) operates 15 branch offices in major cities throughout China, is owned by Chinese energy, power and investment companies, and has a registered capital of 1B RMB. Its primary products include property, liability, bond, agriculture, casualty and short period health insurance. Mr. Du Lin is chairman of the company.
Hua An Insurance (Sinosafe Insurance) Co. Ltd. (http://www.sinosafe.com.cn/) operates 25 branch offices in major cities throughout China, and also offers products including property, liability, bond, agriculture, casualty and short period health insurance. Mr. Lee Hui Company is chairman of the company.
Yong An Insurance Co. Ltd. (http://www.yaic.com.cn/index.asp) operates 19 branch offices in major cities throughout China, is owned by various state-own enterprises and publicly traded companies, and has a registered capital of 310M RMB. Like Alltrust and Hua An, Yong An offers products including property, liability, bond, agriculture, casualty and short period health insurance. Mr. Zhang Wen Yuan is the chairman of the company.
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com) is a diversified global company offering leading edge, technologically advanced products and solutions for companies and consumers, built upon its solid family of patented products and processes, and management experience and expertise. Its NeoMedia Mobile group of companies offers end-to-end mobile enterprise and mobile marketing solutions through its flagship qode direct-to-mobile-web technology and ground-breaking products and services from four of the leading mobile marketing providers in the U.S. and Europe. By linking consumers and companies to the interactive electronic world, NeoMedia delivers one-to-one, permission-based, personalized and profiled dialogue -- anytime and anywhere.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
qode is a registered trademark, and qode(R)reader, qode(R)window and One Click to Content are trademarks of NeoMedia Technologies, Inc. Other trademarks are properties of their respective owners.
Source: NeoMedia Technologies, Inc.
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Cash Now (CHNW) Announces Its Intention To Begin Offering Microcredit To Self Employed Entrepreneurs PR Newswire - November 15, 2006 09:00
FORT LAUDERDALE, FL, Nov 15, 2006 /PRNewswire-FirstCall via COMTEX/ -- Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now) announced today that it intends to begin offering microcredit type loans to the self employed entrepreneurs through a balloon re payment structure plan. Balloon re payments are a large, lump-sum payment scheduled at the end of a series of considerably smaller periodic payments. Microcredit is a financial innovation which originated in developing countries where it has successfully enabled extremely impoverished people (mostly women) to engage in self-employment projects that allow them to generate an income and, in many cases, begin to build wealth and exit poverty. Due to the success of microcredit, many in the traditional banking industry have begun to realize that these microcredit borrowers should more correctly be categorized as pre-bankable; thus, microcredit is increasingly gaining credibility in the mainstream finance industry and many traditional large finance organizations are contemplating microcredit projects as a source of future growth. The company sees the implementation and delivery of the mocrocredit loans to the end users as a relatively inexpensive and a robust future income stream, as the current infastructure for payday loans and micro loans is relatively similar.
ABOUT CASH NOW
Cash Now Corporation (CHNW.PK), a pioneer in the Internet payday loan, and check cashing industry is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. For instance, the Cash Next Super Broker concept is taking North America by storm! Our team of highly qualified financial executives know what works, and what it takes to place your loan request! Cash Next is backed by a highly experienced team, delivering blue chip solutions for businesses, and consumers. The company's proven business model includes licensing to corporately operated joint venture locations across the U.S., Canada, Australia, and UK. Cash Now offers a Payday Loan License program, Payday Express; a Payday Loan and Check Cashing License known as Check Express and an Authorized Agent Program for existing retail establishments; as well as a host of related financial services for small and medium-size businesses, this includes the Cash Next broker program. Cash Now, with its web based and focused outlook has won the Golden Web award in 2001, 2002, 2003 and 2005. In 2005 Profit Guide magazine ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies. In 2005 Cash Now was ranked (#) 44 out of top 1000 fastest growing franchising companies by Entrepreneur guide.
SOURCE Cash Now Corporation
Kevin Price, Cash Now Corporation, Toll Free: 1-888-224-9641, e-mail: cashnowcorp*cashnow.com, INTENET ADDRESS www.cashnow.com
Phantom Entertainment Inks U.S. Distribution Agreement With Global Marketing Partners PR Newswire - November 15, 2006 07:59
SEATTLE, Nov 15, 2006 /PRNewswire-FirstCall via COMTEX/ -- Phantom Entertainment, Inc., (OTC Bulletin Board: PHEI), designer and developer of the Phantom(R) Wireless Lapboard, today announced a distribution and sales agreement with Global Marketing Partners to serve the E-Commerce and retail markets throughout the United States.
The agreement will aggregate sales of the Phantom Wireless Lapboard through Global Marketing Partner's distribution channel with Ingram Micro Inc. (NYSE: IM), the world's largest technology distributor and a leading technology sales, marketing and logistics company.
"We are very excited about having Phantom Entertainment on board," said Michael Yanez, VP of Business Development at Global. "Phantom Wireless Lapboard provides an important sku in Global's Media Center line card. The category is obviously strategic and growing."
"Our distribution relationship with Global Marketing Partners will allow U.S. retailers to purchase the Phantom Wireless Lapboard under one vendor umbrella to reduce distribution costs," said Greg Koler, President and CEO of Phantom Entertainment, Inc. "We believe this is a big step forward in implementing our strategy to market the Phantom Wireless Lapboard in retail stores throughout the U.S. market."
The Phantom Wireless Lapboard and Phantom Wireless Laser Mouse are a combination keyboard, mouse and hard surface that enable users to work or play games from a couch, easy chair or any comfortable setting in the home or workplace. The Lapboard includes wireless technology, ergonomic design, one- touch features, and a wireless 1200 dpi laser mouse. The Lapboard's features a keyboard that rotates 360 degrees for left or right handed users and inclines 22 degrees with a hard surface below for the Phantom Mouse.
About Global Marketing Partners
Global Marketing Partners is a full service value added distribution partner headquartered in Woodland Hills, CA. As a specially chosen aggregation partner to Ingram Micro, Global provides manufacturers and publishers quick and complete access to Ingram's distribution services and expansive reseller customer base. Under the Global program, vendors enjoy rapid set-up, lower admission costs and added customer care services with full scale distribution privileges and marketing vehicle access. For more information, please visit http://www.globalwrx.com.
About Phantom Entertainment
Phantom Entertainment is an industry-leading global entertainment and interactive game company. Phantom Entertainment has developed and is marketing the Phantom Lapboard, a combination wireless keyboard, laser mouse and hard surface. The Company is in the development of the Phantom Game Service, anticipated to be the first end-to-end, on-demand game service for delivery to the living room. For more information, please visit http://www.phantom.net.
PR contact: pr*phantom.net
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "Safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
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PDSC -- Produce Safety & Security International, Inc. Com (No Par)(New)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Produce Safety & Security International, Announces the Ozone Solution for Food Safety and Increased Profitability
Ozone may stop Bacteria on Produce better than Food Irradiation and Current Washing Methods, says UF Expert
GAINSVILLE, Fla, Nov 15, 2006 (BUSINESS WIRE) -- Ozone, the gas that protects the Earth from ultraviolet radiation, gives U.S. food shoppers better protection from harmful bacteria. "Retailers can sanitize fruits and vegetables by exposing them to ozone before they go on sale," said Gary Rodrick, a professor with the University of Florida's Institute of Food and Agricultural Sciences. In Europe, ozone has been used for decades to sanitize water and food products.
"With a 99.9% kill rate, it's far more effective than current sanitizing methods, such as commercial fruit and vegetable washes," Rodrick said. "The Food and Drug Administration recently gave the go-ahead to use it commercially in U.S. supermarkets and food-processing facilities. It also will be more acceptable than food irradiation, which has raised fears among some consumers."
Rodrick, a food science and human nutrition specialist, said ozone used in food sanitation will not contribute to air pollution or smog.
"In the upper atmosphere ozone shields the Earth from ultraviolet radiation. In some urban areas, ozone forms at ground level when certain airborne chemicals interact with the sun's light and heat, contributing to smog. However, the sanitation process uses very low levels of ozone, and the entire process must be precisely controlled to be effective," he said.
Ozone molecules contain three oxygen atoms and are formed when ordinary oxygen molecules containing two atoms are forced to take on a third. He said ozone's usefulness as a sanitizing agent comes from its unstable molecular structure - the third oxygen atom tends to break apart from the ozone molecule, releasing energy.
"When you expose an apple to ozone, bacteria on the fruit's surface will begin absorbing ozone molecules immediately," Rodrick said. "Those molecules break apart within seconds, and when they do, the bacteria literally explodes. The only waste product created is harmless oxygen, and it's unlikely that bacteria could overcome this technology by mutating into a resistant strain."
For the past year, Rodrick has tested a commercial ozone sanitizing system developed by Innovative Food Safety, Global Technology Systems. Designed for use with fruits and vegetables, the system washes the items in ozone-enriched water.
"We tested the system in supermarket produce departments, working with Publix Supermarkets here in Florida," he said. "Ozone killed almost 100% of the bacteria on produce received from suppliers. In slightly higher concentrations, it also killed yeasts and molds."
Rodrick said, "Ozone sanitization increases the shelf life of fresh produce by up to two weeks. It also retards softening and browning, something he plans to study more this summer.
"Ozone works even better than we expected, and I think it will gain wide acceptance with U.S. consumers in the next few years," he said. "Post-harvest treatments of read-to-eat produce are of paramount importance for preventing spoilage and minimizing the chance of food-borne infection. It's important that supermarkets do what they can to provide additional safeguards."
"Currently, many supermarkets wash produce by soaking it in water mixed with a small amount of a commercial fruit and vegetable wash," Rodrick said. "The produce is then rinsed in pure water before being placed on sale." "That method has been adequate, but the effectiveness varies due to human error," he said. "You have to be mindful of the amount of wash used and the amount of produce involved. Ideally, you want a foolproof way to get uniform results."
"The system developed by Innovative Food Safety, Global Technology Systems is designed to prevent operator error and requires little training," said Robert Boggs, director of sales for the firm. "The ozone systems are generally computerized and are simple and easy to use, and are now available commercially worldwide. The price of equipment will vary depending on the usage and needs of the customer and are priced to be very affordable."
"It's operated using touch screens, so all you have to do is make a few decisions and tap your finger," said Boggs. "Other than that, the only effort involved is loading and unloading the chamber."
The system is about the size of a washing machine and can sanitize 40 lbs of produce in five to eight minutes, depending on the item.
Boggs said the technology has "enormous potential" because it's convenient and easy to use. "Small self-contained ozone sanitizing units could be placed in supermarkets, restaurants, hospitals, schools, and other facilities where large amounts of produce are prepared for use." "Meats and deli items could benefit from the process, although they would probably require slightly different treatments," he said. "Hard-to-clean food processing equipment also can be sanitized with ozone."
"The technology can also be used to treat fresh seafood," Boggs said. "We can reduce odor and extend the shelf life of fish filets up to two days. When you're dealing with products retailing for $10 to $12 per pound, that can be a big advantage."
Clarence Karney, CEO of Produce Safety & Security International (Pink Sheets: PDSC), states, "Robert Boggs, of IFS, a division of PDSC, has brought the ozone process to the forefront of food safely for the consumers worldwide."
In a photo, Rodrick, compares two-week-old lettuce sanitized by a new ozone treatment system, and regular commercial washing. Rodrick said, "Ozone, which kills 99.9% of harmful bacteria on fruits and vegetables, protects fresh produce better than commercial washes now used by retailers. The UF food scientist is testing the ozone system in cooperation with Publix Supermarkets in Florida. The system is being marketed by Fresh Food Technology in Burley, Idaho. Photo available at IFAS News website, http://news.ifas.ufl.edu
SOURCE: Produce Safety & Security International
CONTACT: Produce Safety & Security International Investors, 559-435-3511 Marketing, 928-717-1773 www.foodsafeint.com or Gary Rodrick, 352-392-1991, ext. 310 ger*gnv.ifas.ufl.edu or Robert Boggs, vpboggs*earthlink.net
November 15, 2006 12:05 PM Eastern Time One Voice Demonstrates Voice Control for Windows Vista at EHX Fall 2006 Electronic House Expo Fall 2006 LONG BEACH, Calif.--(BUSINESS WIRE)--One Voice Technologies, Inc. (OTCBB: ONEV), developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets, today announced that it will be demonstrating its new Media Center Communicator™ v3 for Windows Vista at today’s EHX Fall 2006 tradeshow, held November 15-17 at the Long Beach Convention Center in Long Beach, California. One Voice will be exhibiting in the Media Center Pavilion, booth #1317H. Attendees and press will get a first-hand look at this exciting voice control product for Microsoft Windows Vista. Media Center Communicator v3 for Windows Vista will be available for purchase beginning January 2007. For more information regarding EHX Fall 2006, please visit http://www.ehxweb.com.
“EHX Fall 2006 is a great venue for One Voice to debut our Windows Vista version of Media Center Communicator,” said Dean Weber, president and CEO at One Voice Technologies. “In addition, One Voice will begin taking orders for OEM bundles of Media Center Communicator plus our new My Voice Remote™. MSRP for the bundle is set at $249.95. The My Voice Remote has been a tremendous hit with our OEM partners giving users a 100+ foot range for voice control of Media Center and Skype phone calling from anywhere inside or outside your house. This is a great bundle for a wireless Skype microphone with 100+ foot range and voice control for Media Center all for a very affordable price.”
About Media Center Communicator
Imagine walking into your home and using your voice to tell your Media Center to play MP3 or iTunes music, call to order a pizza1, set the thermostat or home theater lighting, play a photo slideshow, watch and record live TV, read and send E-mail or video chat with a friend. Media Center Communicator delivers on this vision today! For more information, please visit http://www.onev.com/mcc or for an online demonstration go to http://www.onev.com/videos/mccoverview.wmv
Features include:
Simple to use voice commands with no voice training required High accuracy with wide range of accents Play MP3 or Apple iTunes music using voice commands PC-to-Phone calling using Skype to anywhere worldwide Home automation for setting thermostats, lighting, security cameras and much more Read and send email View photos and photo slideshows Create your own custom voice macros to launch websites and applications Works with Windows XP Media Center DVD players (Sony and Niveus) USB microphone included About One Voice Technologies, Inc.
One Voice Technologies, Inc. (OTCBB: ONEV) is the world's first developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets. Our Intelligent Voice™ solutions employ revolutionary, patented technology that allows people to send messages (E-mail, SMS, Instant Messaging and paging), purchase products, get information and control devices - all by using their voice. The company is headquartered in La Jolla, California. For more information, please visit http://www.onev.com
FORWARD-LOOKING STATEMENT DISCLAIMER
Some of the statements made in this press release discuss future events and developments, including our future business strategy and our ability to generate revenue, income and cash flow, and should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These “forward-looking” statements can generally be identified by words such as “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan,” and similar expressions. These statements involve a high degree of risk and uncertainty that exists in the Company's operations and business environment and are subject to change based on various factors that could cause actual Company results, performance, plans, goals and objectives to differ materially from those contemplated or implied in these forward-looking statements. Actual results may be different from anticipated results for a number of reasons, including the Company's new and uncertain business model, uncertainty regarding acceptance of the Company's products and services and the Company's limited operating history.
Media Center Communicator and My Voice Remote are trademarks of One Voice Technologies, Inc. All other products and company names herein may be trademarks of their registered owners.
1 Skype feature sold separately. For information and pricing on Skype, visit www.skype.com
Contacts INVESTOR RELATIONS: The Cervelle Group Rob Karbowsky, 407-475-9966 Fax: 407-475-9859 rob*thecervellegroup.com
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INTK (.14) Announces Technology Breakthrough With Completion of New Insulation Material
PrimeZone "PrimeZone "
NAPLES, Fla., Nov. 15, 2006 (PRIMEZONE) -- Industrial Nanotech, Inc. (OTCBB:INTK), a Company that specializes in nanotechnology innovation and product development, today announced the the development of Nansulate Shield, a revolutionary new insulation material designed specifically for the construction industry. This new product is the first of Industrial Nanotech's that is not a coating, however utilizes the same core nanotechnology as the Nansulate line of thermal insulation and protective coatings.
Nansulate Shield, invented by Stuart Burchill, CEO of Industrial Nanotech, is a thin super insulation that has an R-Value many times higher than the current best building insulation available. This new product can easily be incorporated into current construction methods and building codes and will be manufactured in sheets and made available in rolls. In order to facilitate the production of this new material, the Company plans to build a plant in New Mexico and incorporate state of the art solar energy solutions throughout the facility.
"Nansulate Shield is a technology and product that I have been working on since November of 2003. Upon performing market research that included discussions with prospective large customers, I determined that the worldwide insulation market is $22 billion and that the percentage of this market that we could begin to capture with this product was more than sufficient to make the time, effort, and cost of development worthwhile. The volume of Nansulate Shield necessary to meet anticipated demand easily justifies building a new manufacturing plant for this revolutionary product and our team at the US Government Centers for Integrated Nanotechnology has been and will continue to be an integral part of this process," stated Stuart Burchill, Chief Executive Officer of Industrial Nanotech. "We have been working on the manufacturing plant design and potential locations since the Fall of 2005 and it has always been part of our business model to add 'energy creation' products to the current 'energy conservation' products we offer, which is why we plan to incorporate solar energy into the plant and use it as a platform for cutting edge solar energy research," added Mr. Burchill.
For more information about The Center for Integrated Nanotechnologies (CINT), visit http://cint.lanl.gov/.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for nanotechnology that address real-world needs through its funding of and participation in research with world-leading scientists and laboratories, including the U.S. Center for Integrated Nanotechnology (CINT) and Princeton Polymers Laboratories.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
CONTACT: Industrial Nanotech, Inc. (800) 508-6153 corporate*industrial-nanotech.com
ZA Consulting Investors: David Zazoff (212) 505-5976 PressReleases*Za-Consulting.net
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MSITF (.0007) Receives Regulatory Approval in Saudi Arabia
PR Newswire "US Press Releases "
EDMONTON, Alberta, Nov. 15 /PRNewswire-FirstCall/ -- Medical Services International Inc. (OTC: MSITF) is pleased to announce that it has received regulatory permission to sell its VScan HIV test kit in Saudi Arabia. Testing completed by regulatory agencies shows that once again the VScan test kit exceeded 99% accuracy in terms of sensitivity and specificity. The Company is currently negotiating several large orders with distributors in the Middle East. Market studies and information obtained from regulatory agencies shows that the market in the Middle East will exceed 1,000,000 test kits per year.
In regard to Europe, the VScan HIV test kit is currently approved by regulatory agencies in Russia, Ukraine, Balkans and India. The Company through its distributor has applied for approval in the European Union (CE). Once approval in the European Union is obtained, the Company will have extensive coverage all over Europe, Asia and the Middle East. VScan test kits are currently being shipped into 17 countries in the above noted areas. With the anticipated CE approval that number will increase significantly. Worldwide, the Company is currently shipping into 29 countries. Within the next year, the Company expects to increase the number of countries it is shipping VScan test kits to greater than 60.
About VScan
The VScan rapid test kit is a single use, disposable, accurate, cost effective, easy to use, test for the screening of HIV1&2, Hepatitis B&C, Tuberculosis (TB), Dengue Fever, West Nile, Syphilis, Malaria and Prostate Cancer. The kits cannot be sold in Canada.
Medical Services International Inc. trades in the United States on the NQB Pinksheets under the symbol "MSITF." For further information, please contact Robert Talbot at (780) 430 6363 or http://www.medicalservicesintl.com or http://www.minerva-biotech.com .
NOTE: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in Company reports and other filings with regulatory bodies.
SOURCE Medical Services International Inc.
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PYPR .0075 Net Profit up 2582% over 2nd Quarter 2006
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
PayPro Incorporated Posts Third Quarter Net profit of $3,642,556 up 2582% over 2nd Quarter 2006.
The Company posted its financial results today for the year-to-date ending September 30, 2006. The total revenues for the nine months were $22,656,344. The results showed a 213% gain in quarterly revenue over the 2nd Quarter of 2006, with 3rd Quarter revenues of $11,163,226 compared with $5,250,460 in revenues for the 2nd Quarter of 2006. The Net profit for the nine months totaled $3,962,975. The results showed a 2582% gain in net profit over the 2nd Quarter of 2006, with 3rd Quarter Net profit of $3,642,556 compared with 2nd Quarter Net profit of $141,064.
PayPro CEO Mike Terrell stated, "I am very pleased with our progress considering that none of our major ventures or acquisitions will be reflected until the 4th quarter 2006. We will continue to execute our business plan to assist in the commercial integration of Latin America into the economic development of the western hemisphere, Pan-America, and the rest of the world. We will continue our investment in Pan-American companies and infrastructure projects in Panama, Costa Rica, Mexico, Venezuela and the Caribbean, while protecting our Flora, Fauna and water resources. PayPro promotes the individual commitment to family carbon neutrality status "Sponsoring Micro Forests" in our fight against Global Warming."
About PayPro Incorporated:
PayPro Incorporated (Pink Sheets:PYPR) is a global e-commerce and e-biz Solutions Company offering interactive e-commerce and e-biz programs. PayPro offers a range of goods and services ONLINE as follows:
Visa prepaid cards, e-commerce merchant accounts, Life insurance policies, Gold transactions, Telephony services, Text messaging, VoIP, Micro forests properties, Real estate investment participations, Fixed and variable income Real estate properties in Costa Rica and Panama, Offshore financial services, Asset management and protection, Travel services, Leisure, Business, Health, Relocation services, and Digital marketing services.
Forward Looking Statements is not historical fact as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
Source: PayPro Incorporated
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