posted
I'll leave this space empty for SLJB Audited Financials
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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November 15, 2006 04:30 PM Eastern Time OneLink Corporation Delays Filing Third Quarter 10-QSB SAN FRANCISCO--(BUSINESS WIRE)--OneLink Corporation (OTCBB:OLNK), today announced it would delay filing its quarterly report on Form 10-QSB due November 14, 2006.
The reason for the delay is recent events and resources, including the previously disclosed default on notes to its primary lender and subsequent foreclosure proceeding on the Reservation Center, Inc. subsidiary.
After events of the past 60 days, OneLink resumes focus on its core transaction processing business providing integrated distribution and settlement services and obtaining funding for these operations.
About OneLink Corporation
OneLink Corporation (OTCBB:OLNK) is a provider of integrated booking and settlement processing services for travel suppliers and their distributors. The firm is the first of its kind to offer non-airline travel suppliers the ability to distribute a pre-paid product to consumers through travel agents worldwide, and to recognize financial settlement through a single, online global distribution and financial settlement system. OneLink’s mission is to increase the number and quality of online bookings made through global retail travel channels while improving cash flow and reducing distribution costs, ultimately resulting in lower prices for the consumer. Headquartered in San Francisco, OneLink is operated by an experienced team of travel distribution professionals, financial settlement experts and established global technology specialists. For more information, visit www.onelinkcorp.com.
This press release is not a solicitation to buy or sell securities. This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the Company believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors, including delays in development and implementation of the Company's system, market acceptance of the new system, creditor actions and problems in obtaining additional financing. Furthermore, the Company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this release should be considered in conjunction with the warnings and cautionary statements contained in the Company's recent filings with the SEC.
Contacts VOLLMER Media: Mary Kate Smither, 972-488-4790 marykate*vollmerpr.com or Steven Morse, 972-488-4790 steven*vollmerpr.com or Investor: Karen Litzler, 512-472-3515 karenl*vollmerpr.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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CompuPrint Announces Change of Corporate Name to Terra Energy & Resource Technologies, Inc. Company will trade on OTC Bulletin Board with a new symbol: TEGR
NEW YORK--(BUSINESS WIRE)--CompuPrint, Inc. has reincorporated and changed its name to Terra Energy & Resource Technologies, Inc. Effective at the open of business on November 16, 2006, the Company’s common stock will trade on the OTC Bulletin Board with the ticker symbol of “TEGR”. The Company is an energy and natural resource exploration technology company.
"Our new name and ticker symbol reflect our Company’s industry alignment.” said Roman Rozenberg, Chief Executive Officer of Terra Energy & Resource Technologies, Inc.
About Terra Energy & Resource Technologies, Inc.
Terra Energy & Resource Technologies, Inc., through its wholly owned subsidiary, Terra Insight Corporation, provides analysis for exploration for oil and gas as well as other minerals subsurface. The Company primarily uses proprietary satellite-based STeP® (Sub-Terrain Prospecting) technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources. The Company interprets and quantifies satellite and geologic data to determine locations and depths of natural resource deposits, and assess them for any given geographic area - on or off shore. The Company, through its subsidiaries and affiliates, holds (1) six licenses totaling more than one million acres off-shore Namibia for diamond exploration, (2) a participation interest in a diamond prospect in the Congo of more than one thousand square kilometers, (3) a working interest in a one million acre Kurdistan oil prospect, (4) leases for oil and gas parcels totaling more than 16,000 acres of land in the Rail Road Valley and White River Valley areas of Nevada and (5) oil and gas leases in East and South Texas. For more information visit http://www.terrainsight.com.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its plans to acquire additional exploration properties, plans to drill or drilling results to fail to materialize, inclusive but not limited to competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions.
Contacts ALLK, INC. Louis Phillipe Antunes, 450-578-3283 Fax: 450-378-0312
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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November 15, 2006 05:08 PM Eastern Time Heartland Energy HEGP Sets Shareholder ``Record Date'' for the Spin-off of Its Subsidiary ALEXANDRIA, La.--(BUSINESS WIRE)--Heartland Energy Group Inc. (Pink Sheets: HEGP) today announced the Company has established December 1, 2006 as the "record date" for determining the record holders of Company common stock for purposes of receiving the "spin-off" distribution shares to all of the Company's shareholders.
All Heartland shareholders of record at the close of business on December 1, 2006 will be eligible to receive one (1) share of Go Baby Racing, Inc. for every ten (10) shares of Heartland Energy owned as of the "record date". The "payment date” will be March 1, 2007. No fractional shares will be issued and all fractional shares will rounded down and no one will received less than 1 share.
Heartland Energy initially announced the Spin-Off Go Baby Racing, Inc. on November 10, 2006. The new dates announced today supersede any other dates announced.
About: Heartland Energy Group, Inc.
Heartland Energy Group, Inc. is a North American based alternative fuel resource and Service Company, dedicated to developing the infrastructure for the delivery of ethanol (e85). Heartland seeks to eliminate North America's dependency on foreign energy sources by focusing on innovative engineering that will enable the mass distribution of ethanol. Heartland Energy Group will transcend the future of renewable energy resources, with the ultimate goal of creating a cleaner brighter energy solution for North America. For more information, visit us at www.HeartlandEnergyGroup.com.
Forward Looking Statements:
Based on current expectations and assumptions, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical experience and projections. Such forward-looking statements are inherently uncertain, and actual results may differ from those expressed or implied. Consequently, readers should not place undue reliance on any forward-looking statements. Heartland Energy Group, Inc. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Celerity Announces New Contracts Through Its Slingshot Division DEDHAM, Mass.--(BUSINESS WIRE)--Celerity Solutions, Inc. (CLTY.PK)
Celerity today announced three new contracts for its Slingshot eCity application suite. The total value of these agreements is in excess of $1M.
Bare Escentuals has licensed the eSell (sales order management) and eTools modules. Bare Escentuals produces and distributes cosmetics through multiple sales channels (web, retail and premium wholesale).
CitiStreet, A State Street and Citigroup Company has licensed the Company’s Receivables and eTools modules. CitiStreet is a premier global benefit provider, and one of the nation’s largest retirement plan recordkeepers.
Anvil International has licensed the Company’s eSell product. Anvil International supplies piping component products through a network of Anvil-owned distribution centers and through third-party representatives throughout the US. eSell will provide these companies with order and inventory visibility.
GE Tip/ModSpace (a division of GE Capital) purchased an upgrade to its existing eCity licenses. GE utilizes the Slingshot eStock and eRequest modules at over 180 locations in US.
According to Paul Carr, Celerity’s President and CEO - “Unlike our competitors, Slingshot products can be easily tailored without programming. Our recent successes affirms our ‘package plus’ strategy”.
The eCity suite is a series of “web based” Enterprise Distribution, Procurement, Warehousing and Financial Management applications built on Microsoft’s .NET architecture. Support is provided for Oracle and SQLServer databases. All applications are developed in eToolstm – Slingshot’s rapid application development environment for MS.NET applications. eToolstm allows Slingshot’s customers to “personalize” their applications without programming.
Caution Concerning Forward Looking Statements: This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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November 15, 2006 05:17 PM Eastern Time Universal Express Announces the “E” to be Removed NEW YORK--(BUSINESS WIRE)--Universal Express Inc. (OTCBB: USXP), is pleased to announce to its shareholders and investors that the “E” on its ticker symbol is in the process of being removed.
Universal Express appreciates the patience of its shareholders and investors during this time.
About Universal Express
Universal Express, Inc. is a 22 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
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, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contacts Universal Express, Inc. Mark Falk, 561-367-6177 publicrelations*usxp.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Heartland Energy Receives First Shipment of Biodiesel Production Equipment ALEXANDRIA, La.--(BUSINESS WIRE)--Heartland Energy Group Inc. (Pink Sheets:HEGP) today announced that they have received the first shipment of biodiesel production equipment. As part of an existing agreement with Dogwood Energy, Heartland will sell and market a full line of biodiesel and ethanol products. The biodiesel product, Bio MPUTM, can produce between twenty gallons per day and up to 1 million gallons for large plants.
Flex Fuel America, Heartland Energy’s product sales and marketing subsidiary, will represent a diverse line of Alternative Fuel products including these home- and commercial-based biodiesel production units and more.
Roy Thornhill, President of Heartland Energy Group, Inc., stated that: “The BIO MPUTM unit grants us access to tap into the multi-billion dollar diesel energy sector. This fruitful collaboration between Heartland and Dogwood Energy is our first step in executing our comprehensive marketing strategy. Our end goal is to deliver a cost effective and environmentally safe alternative energy solution to the American public.”
Biodiesel
Biodiesel is the name of a clean burning alternative fuel, produced from domestic, renewable resources. Biodiesel contains no petroleum, but it can be blended at any level with petroleum diesel to create a biodiesel blend. It can be used in compression-ignition (diesel) engines with little or no modifications. Biodiesel is simple to use, biodegradable, nontoxic, and essentially free of sulfur and aromatics. Biodiesel is better for the environment because it is made from renewable resources and has lower emissions compared to petroleum diesel. It is less toxic than table salt and biodegrades as fast as sugar. Since it is made in the USA from renewable resources such as soybeans, its use decreases our dependence on foreign oil and contributes to our own economy. Automakers like Toyota (NYSE:TM), Honda (NYSE:HMC), BMW (Berlin:BMW.BE), and a multitude of others have planned to launch a full line of Flex Fuel and biodiesel vehicles.
Ethanol Industry:
The growing interest in ethanol, a clean, corn-based renewable resource, has paralleled the escalating price of gas and the urgent need to break the country's dependence on crude oil. Recently, the Big Three automobile manufacturers, GM (NYSE:GM), Ford (NYSE:F), and DaimlerChrysler (NYSE:DCX), appealed to Congress for incentives to increase the number of gas stations that offer blends of ethanol. Last year, Microsoft (NasdaqGS:MSFT) co-founder Bill Gates pumped $84 million into Pacific Ethanol (NasdaqGM: PEIX). Sir Richard Branson, chairman of the Virgin Group and worth an estimated $3 Billion, has plans to invest $300 to $400 million to produce and market this alternative fuel. Vinod Khosla, “guru” of Silicon Valley, co-founder of Sun Microsystems (NasdaqGS:SUNW), and one of ethanol’s most vocal advocates, has personally invested millions in private companies involved in the development of ethanol.
About Dogwood Energy:
Dogwood Energy, LLC is engaged in the business of manufacturing & distributing ethanol and biodiesel production equipment and products. We also offer educational seminars on the production of ethanol. By educating our customers, we hope to relieve US dependence on foreign energy sources.
About Heartland Energy Group, Inc.
Heartland Energy Group, Inc. is a North American-based alternative fuel resource and Service Company, dedicated to developing the infrastructure for the delivery of ethanol (e85). Heartland seeks to eliminate North America's dependency on foreign energy sources by focusing on innovative engineering that will enable the mass distribution of ethanol. Heartland Energy will also create an alternative fuel section for independent gas stations throughout the United States. Heartland Energy Group will transcend the future of renewable energy resources, with the ultimate goal of creating a cleaner brighter energy solution for North America. For more information, visit www.HeartlandEnergyGroup.com.
Forward-Looking Statements:
Based on current expectations and assumptions, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical experience and projections. Such forward-looking statements are inherently uncertain, and actual results may differ from those expressed or implied. Consequently, readers should not place undue reliance on any forward-looking statements. Heartland Energy Group, Inc. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Empire Receives up to $12 Million Financing Commitment for Discovery Drilling Program and Seismic Survey LENEXA, Kan.--(BUSINESS WIRE)--Empire Energy Corporation International (Empire) (OTCBB:EEGC) and its wholly owned subsidiary, Great South Land Minerals Limited (GSLM), have entered into a financing arrangement with Wind City, Inc. (Wind City), a Delaware Corporation, which is intended to provide the necessary funds for additional seismic work and a 14-well drilling program on its Special Exploration License (SEL) 13/98 in Tasmania commencing in 2007. Initially, a USD $4 million note will be issued by GSLM to Wind City with attendant warrants issued by Empire that could provide USD $12 million to Empire if the warrants are subsequently exercised.
When completed, the proposed 2007 and 2008 program will bring the total Accrued Expenditure to meet License Conditions on the tenement SEL 13/98 to over AUD $40 million. Wind City has purchased a new state-of-the-art Speedstar 185K 8-10,000-foot oil and gas drill rig for the drilling program. This drill rig is expected to be shipped immediately to Tasmania from the United States when it is completed. The rig was ordered over one year ago and has been delayed due to increased demand for oil field equipment over the past few years. GSLM will have an option to purchase the drill rig at a pre-determined price as part of the overall agreement with Wind City.
Empire/GSLM had planned to commence drilling in August of 2006, however delays in the issuance of the necessary licenses by the Australian Government as well as delay in shipment of the drill rig have caused the schedule to be moved back. We now have identified and obtained the necessary licenses for a number of sites and plan to begin drilling in early 2007.
Malcolm Bendall, CEO of Empire, stated, “This is the culmination of a lot of hard work by many people who had the vision to pursue exploration for oil and gas in Tasmania and it is now becoming reality. It will be exciting to begin drilling and the additional prospect definition seismic work will more fully define the licensed area and identify additional drilling targets.”
In total, Empire and its seismic contractor, West Australia-based Terrex Seismic, have completed 810 line kilometers of 2D seismic to date, including 150 line kilometers acquired earlier this year before adverse weather conditions caused suspension of the work. An additional 700 line kilometers of seismic data will be completed under the current program, bringing the total expenditure for seismic work this year to AUD $6.25 million.
Brian Caffyn, President of Wind City, said, “Wind City is pleased to be involved in this exciting opportunity. We will provide funding and a turn-key drilling program to Empire and believe the potential to be enormous. A four-year, federally funded study by the University of Tasmania found that more than three billion barrels of oil equivalent may be potentially recoverable from on-shore Tasmania.”
Michael Roberts, of joint venture partner MR Associates, said, “I strongly welcome any initiatives that result in oil and gas activities in Tasmania as it is a great opportunity to develop a new and valuable resource.”
Based on the new seismic date acquired, Empire has applied for a new SEL covering 10,000 Sq. kilometers to the east of SEL 13/98 with the intention of drilling several exploration wells later next year.
In addition, Bendall announced that David C. Owen has agreed to join the board of directors of Empire as non-executive Chairman. Mr. Owen is the former Lt. Governor of Kansas and is currently CEO of ICOP Digital, Inc., a public company engaged in surveillance technology. He formerly worked as an investment banker with Stephens, Inc. of Little Rock, Arkansas, and has extensive experience in oil and gas exploration and development financing.
This press release contains forward-looking statements based on our current expectations about our company and our industry. You can identify these forward-looking statements when you see us using the words such as "expect," "anticipate," "estimate," "believes," "plans" and other similar expressions. These forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of our ability to complete required financings and other preconditions to the completion of the transactions described herein and Empire's ability to successfully acquire reserves and produce its resources among other issues. We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. We caution you not to place undue reliance on those statements.
Contacts Empire Energy Corporation International Malcolm Bendall, 913-469-5615 President
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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SinoFresh HealthCare, Inc. Reports Third Quarter 2006 Financial Results 11/15/2006
ENGLEWOOD, FL, Nov 15, 2006 (MARKET WIRE via COMTEX News Network) -- SinoFresh HealthCare, Inc. (OTCBB: SFSH), developer and marketer of the only patented, over-the-counter nasal spray that targets the sources of many chronic sinus conditions, recently announced its results for the quarter and nine months ended September 30, 2006.
Revenue in the third quarter of 2006 was $155,079, down from $978,620 in the third quarter of 2005. Revenue for the first nine months of 2006 was $773,086, compared to $2,299,450 during the same period in 2005. The decline in revenue is primarily attributable to the lack of funds available for marketing and advertising, the loss of distribution to Wal-Mart and also due to inferior label claims as a result of a change to the health and beauty aid category in late 2005.
Gross profit in the third quarter of 2006 was $92,059 (59% of revenues), down from $661,175 (68% of revenues) in the third quarter of 2005. Gross profit for the first nine months of 2006 was $389,886 (50% of revenues), compared to $1,607,212 (70% of revenues) during the same period in 2005. The decrease in margin percentage for each of these periods is largely due to sales charge backs from a customer that discontinued distribution of the throat spray product and also from rebate programs that were implemented in the last quarter of 2005. These programs were put in place in order to encourage trial use of the product.
Total operating expenses for third quarter 2006 were $399,005, compared to $585,065 for third quarter 2005. On a year to date basis, operating expenses were $1,593,502 for the first nine months of 2006 compared to $2,837,925 for the first nine months of 2005. The decrease is primarily the result of a reduction in legal fees related to a lawsuit, which was favorably resolved in early 2006 and also due to the lack of any significant marketing and advertising or research and development activities.
Net loss for the third quarter of 2006 was $449,437, or ($.03) per basic share, compared to a net loss of $116,670, or ($.01) per basic share, in the third quarter of 2005. Net loss for the nine months ended September 30, 2006 and 2005 was $1,658,887, or ($.11) per basic share, and $1,740,142, or ($.12) per basic share, respectively.
Working capital deficit is approximately $3,544,000 as of September 30, 2006.
"Our declining revenue is very disappointing. The recent formulation change which included the addition of certain homeopathic ingredients will allow us to enhance the label claims on our lead nasal product. This improved formulation will benefit our loyal consumer base and the new label claims should also stimulate sales to new consumers," stated SinoFresh CEO and Chairman, Charles Fust.
About SinoFresh HealthCare, Inc.
SinoFresh HealthCare, Inc. is a developer and marketer of innovative upper respiratory system therapies. The Company is researching broad-spectrum antiseptic approaches to reducing viral, bacterial, and fungal organisms that are suspected to cause pathogenesis of the mouth, nose, and throat. The Company's lead product, SinoFresh(TM) Nasal and Sinus Care, is a hygienic cleansing spray that kills germs and removes other nasal-sinus irritants. The Company is also researching how antiseptic cleansing may alleviate chronic sinus distress, a condition that may affect 37 million Americans annually. SinoFresh(TM) products are available in Walgreens, Rite Aid, CVS, Duane Reade, and other drug, grocery, and mass merchandise retailers. More information is available at www.sinofresh.com.
Safe Harbor Statement
Except for the historical information contained herein, this press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements speak only as of the date on which such statements are made and involve risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission, including risks summarized in the Company's Annual Report on Form 10-KSB for its fiscal year ended December 31, 2005 (file No. 0-49764). The Company's actual results could differ materially from such forward-looking statements. The Company undertakes no obligation to update any forward-looking statement or statements to reflect new events or circumstances or future developments.
SinoFresh(TM) is a trademark of SinoFresh HealthCare, Inc.
Media Contact: Investor Relations: 941-681-3115 investorrelations*sinofresh.com
SOURCE: SinoFresh HealthCare, Inc.
mailto:investorrelations*sinofresh.com
Copyright 2006 Market Wire, All rights reserved
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Ethos Receives New Ticker Symbol -- ETEV 11/15/2006
SAN DIEGO, Nov 15, 2006 (PrimeZone Media Network via COMTEX News Network) -- Ethos Environmental, Inc. ("Public Ethos" or "Company") (OTCBB:VICI), a manufacturer and distributor of a unique line of fuel reformulating products under the name Ethos Fuel Reformulators, is pleased to announce that its common stock will begin trading on a post-reverse-split and name change basis under a new symbol, "ETEV," on the OTC Bulletin Board, effective Thursday, November 16, 2006. The new symbol follows the completion of the Company's reverse merger with Victor Industries, Inc. on November 2, 2006. The post-merger Company's common stock has been assigned CUSIP No. 29765X 10 1.
Pre-merger stockholders of Ethos Environmental, Inc. ("Private Ethos") will receive one share of common stock of the surviving public corporation, Public Ethos, for each share of pre-merger Private Ethos common stock owned by the stockholders. Action Stock Transfer Corporation, the transfer agent for the entity formerly known as Private Ethos and for the new Public Ethos, will be sending out new certificates to all pre-merger Private Ethos shareholders, along with a letter advising the pre-merger Private Ethos shareholders that a Rule 144 Restrictive Legend will be placed on all such new certificates. Information regarding registration rights that may be available to the Private Ethos shareholders will be addressed in the aforementioned letter.
For additional information pertaining to the issuance of the new Public Ethos certificates to the Private Ethos shareholders, click on www.actionstocktransfer.com for the transfer agent's contact information.
"This is a simple step, but a symbolic one," said Enrique de Vilormin, CEO of Ethos Environmental, Inc. "By trading under this symbol, we are further establishing our commitment to the Ethos business model as a public company. This move also extends our presence in the investor community, making it easier to find us, and to follow our progress."
For more information about Ethos Environmental, Inc. click on www.EthosFR.com
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended; such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operations to vary significantly from prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the Company and its operations are included on certain forms the Company files with the Securities and Exchange Commission.
Ethos Environmental, Inc. (619) 575-6800 7015 Alamitos Avenue San Diego, CA 92154
(C) Copyright 2006 PrimeZone Media Network, Inc. All rights reserved.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Cellegy Reports September 30, 2006 Quarter Financial Results 11/15/2006
QUAKERTOWN, Penn., Nov 15, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Cellegy Pharmaceuticals, Inc. (CLGY.OB) announced its third quarter 2006 financial results today.
Revenues for the three months ended September 30, 2006 were $172,000 compared to $1,738,000 during the same period in 2005. Prior year revenues for the third quarter included $1,252,000 in Biosyn grant revenue, $257,000 in product sales and $109,000 in licensing revenues.
Revenues for the nine months ended September 30, 2006 were $2,635,000 compared to $10,804,000 for the same period in 2005. These included licensing revenues of $452,000 and $6,950,000 for the nine months ended September 30, 2006 and 2005, respectively.
Research and development expenses for the three months ended September 30, 2006 and 2005, were $338,000 and $1,816,000, respectively. The decrease was primarily attributable to reduction in research and development salary expense, professional fees and clinical testing expenses.
Research and development expenses for the nine months ended September 30, 2006 and 2005 were $2,244,000 and $6,855,000, respectively. The decrease was primarily attributable to current period reductions in research and development salary expense, professional fees and clinical testing fees.
Selling, general and administrative expenses for the quarter ended September 30, 2006 and 2005 were $955,000 and $2,471,000, respectively. The decrease of $1,350,000 was primarily attributable to current period reductions in SG&A salary expense and operating expenses.
For the nine months ended September 30, 2006 and 2005, selling, general and administrative expenses were $4,526,000 and $6,764,000, respectively. The decrease resulted primarily from a reduction in litigation and other related expenses.
Net loss from continuing operations for the quarter ended September 30, 2006 was $1,640,000 or ($0.05) per basic and diluted common share based on 29,833,000 shares. Cellegy had a net loss of $2,867,000 or ($0.10) per basic and diluted common share based on 29,832,000 shares during the same three- month period in 2005.
The Company had cash and cash equivalents of $830,000 at September 30, 2006 compared to $2,251,000 at December 31, 2005 and $2,305,000 at September 30, 2005.
Due to its cash position and negative operating cash flows, Cellegy received a going concern qualification in the report of its independent registered public accounting firm included in the Annual Report on Form 10-K for the year ended December 31, 2005. Cellegy believes that available cash resources will be adequate to satisfy its capital needs through at least the end of November 2006. Subject to the terms and conditions of the Asset Purchase Agreement with Strakan International Limited, the Company has agreed to sell to ProStrakan all of its right, title and interest in and to the assets used in connection with or relating to the research, development and commercialization of nitroglycerin/nitric oxide and other related pharmacological products for pain management applications and testosterone gels for treatment of male hypogonadism, and for certain female sexual dysfunction conditions, as currently conducted and as currently proposed to be conducted by Cellegy, including those assets relating to Cellegy's nitroglycerin/nitric oxide and related pharmacological products marketed under the name Rectogesic(R) and proposed to be marketed under the name Cellegesic(R) and Cellegy's testosterone gels marketed under the name Tostrex(TM) and proposed to be marketed under the names Tostran(TM) or Fortigel(TM) and Cellegy's product candidate Tostrelle.
A special meeting of stockholders to consider and vote on the proposed transaction with ProStrakan is scheduled to be held on November 22, 2006. There is no assurance that the proposed transaction will be approved by the shareholders. If the proposed transaction is not approved by the shareholders, a significant portion of the Company's liabilities would become immediately due and payable, including promissory notes reflecting amounts due to PDI, Inc. and ProStrakan. In this event, the Company would most likely be unable to meet its obligations to its creditors.
About Cellegy
Cellegy Pharmaceuticals is a specialty biopharmaceutical company that develops and commercializes prescription drugs for the treatment of women's health care conditions, including sexual dysfunction, HIV prevention and gastrointestinal disorders. Savvy(R) (C31G vaginal gel), a novel microbicide gel product for contraception and the reduction in transmission of HIV in women, is currently undergoing a Phase 3 clinical study in the United States for contraception.
Forward-Looking Statements
This press release contains forward-looking statements. Investors are cautioned that these forward-looking statements are subject to numerous risks and uncertainties, known and unknown, which could cause actual results and developments to differ materially from those expressed or implied in such statements. For more information regarding risk factors, refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2005, Quarterly Report on Form 10-Q for the quarter ended June 30, 2006 and other filings with the Securities and Exchange Commission.
Where to find additional information about the transaction
Cellegy has filed a definitive proxy statement with the Securities and Exchange Commission in connection with the proposed transaction with ProStrakan. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, CELLEGY'S STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT REGARDING THE PROPOSED TRANSACTION CAREFULLY AND IN ITS ENTIRETY BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and stockholders may obtain free copies of the proxy statement and other relevant documents (when they become available) and other documents filed with the Securities and Exchange Commission at the Securities and Exchange Commission's web site at: www.sec.gov. In addition, investors and stockholders may obtain free copies of the documents filed with the Securities and Exchange Commission by Cellegy by contacting the persons identified below. Cellegy's directors and executive officers may be deemed to be participants in the solicitation of proxies from its stockholders in connection with the proposed transaction. Information regarding the interests of directors and executive officers in the transaction is included in the proxy statement of the Company. Additional information regarding directors and executive officers of Cellegy is also included in the Company's annual report on Form 10-K for the year ended December 31, 2005, filed with the Securities and Exchange Commission, which is available as described above.
CELLEGY PHARMACEUTICALS, INC.
SUMMARY OF FINANCIAL RESULTS
SEPTEMBER 30, 2006
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in thousands)
Period from Three Months Nine Months June 26, 1989 Ended Ended (inception) to September 30, September 30, September 30, 2006 2005 2006 2005 2006
Total revenues $172 $1,738 $2,635 $10,804 $25,832
Costs and expenses: Cost of product sales -- 197 257 241 1,945 Research and development 338 1,816 2,244 6,855 92,207 Selling, general and administrative 955 2,471 4,526 6,764 50,624 Equipment FMV adjustment 276 -- 276 -- 276 Acquired in-process technology -- -- -- -- 22,332 Total costs and expenses 1,569 4,484 7,303 13,860 167,384 Operating income (loss) (1,397) (2,746) (4,668) (3,054) (141,552) Interest and other income 99 17 114 121 7,144 Interest and other expense (487) (217) (924) (478) (3,082) Derivative revaluation 145 79 170 243 1,250 Net income (loss) (1,640) (2,867) (5,308) (3,169) (136,240) Non-cash Preferred Dividends -- -- -- -- (1,449) Net income (loss) from continuing operations applicable to common stockholders $(1,640) $(2,867) $(5,308) $(3,169) $(137,689)
Net income (loss) per common share: Basic $(0.05) $(0.10) $(0.18) $(0.11) Diluted $(0.05) $(0.10) $(0.18) $(0.11)
Weighted average number of common shares used in per share calculations: Basic 29,833 29,832 29,832 28,048 Diluted 29,833 29,832 29,832 28,048
CELLEGY PHARMACEUTICALS, INC.
SUMMARY OF FINANCIAL RESULTS
SEPTEMBER 30, 2006
CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands)
September 30, December 31, 2006 2005
Assets Current assets: Cash and investments $830 $2,262 Other assets 415 4,188
Total assets $1,245 $6,450
Liabilities and Stockholders' Deficit Total current liabilities $9,120 $9,437 Deferred revenue 3,349 3,084 Other long-term payable and derivative instrument 310 405 Stockholders' deficit (11,534) (6,477)
Total liabilities and stockholders' deficit $1,245 $6,450
SOURCE Cellegy Pharmaceuticals, Inc.
Robert J. Caso, +1-215-529-6084, Vice President, Finance & CFO, or Richard C. Williams, Chairman and Interim CEO, both of Cellegy Pharmaceuticals http://www.cellegy.com
Copyright (C) 2006 PR Newswire. All rights reserved
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Precision Optics Corporation Announces First Quarter Results 11/15/2006
GARDNER, Mass., Nov 15, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Precision Optics Corporation, Inc. (OTC Bulletin Board: POCI) ("Precision Optics") today announced operating results on an unaudited basis for the first quarter of fiscal year 2007 ended September 30, 2006.
First Quarter Operating Results
Revenues -- For the quarter ended September 30, 2006, revenues were $474,154, compared to $419,582 for the same period last year, an increase of 13%.
Net Loss -- For the quarter ended September 30, 2006, net loss was $688,179, or $0.04 per share, an increase of $128,308 from the net loss of $559,871 or $0.08 per share, for the same period last year. The net loss for the quarter ended September 30, 2005 included a gain of $165,700, resulting from the sale of equipment previously used in the Company's discontinued telecommunication business. The increase in net loss includes a non-cash charge of $58,353 related to stock-based compensation expense following the implementation of Statement of Financial Accounting Standards No. 123 revised (SFAS No. 123R) as well as increased sales and marketing expenses in the quarter ended September 30, 2006. The weighted average common shares outstanding for the quarters ended September 30, 2006 and 2005 were 15,458,212 and 7,008,212, respectively.
Cash Flow and Expenditures -- For the quarter ended September 30, 2006, cash and cash equivalents decreased by $755,448 compared to a decrease of $539,375 for the same period last year. Cash receipts during the quarter ended September 30, 2005 included $162,000 received from the sale of equipment previously used in the Company's discontinued telecommunication business.
For the quarter ended September 30, 2006, research and development expenses were $207,824, compared to $208,111 a year earlier. While these expenses were virtually unchanged, they reflect a shift from previous activities aimed at the development of new technologies to applications of these technologies for customer-driven product development. The level of future quarterly R&D expenses will ultimately depend on the Company's assessment of new product opportunities and available cash resources.
Selling, general and administrative expenses were $483,787 for the quarter ended September 30, 2006, compared to $424,688 for the same period last year. The increase was primarily a result of a non-cash charge of $58,353 related to stock-based compensation expense following the implementation of SFAS No. 123R.
Outlook
The Company expects its recent pattern of quarter-to-quarter revenue fluctuations to continue, due to the uncertain timing of orders from customers and their size in relation to total revenues. The Company continues to move forward with new products and technical innovations. The Company believes that the recent introduction of several new products, along with new and ongoing customer relationships, will generate additional revenues. In the coming months the Company will continue to focus its efforts on marketing products recently introduced or redesigned. The Company believes that these marketing activities, if successful, may result in the continuation of its recent pattern of year-over-year sales growth.
About Precision Optics
Precision Optics Corporation, a leading developer and manufacturer of advanced optical instruments since 1982, designs and produces high-quality medical instruments, optical thin film coatings, and other advanced optical systems. The Company's medical instrumentation line includes laparoscopes, arthroscopes and endocouplers and a world-class product line of 3-D endoscopes for use in minimally invasive surgical procedures. The Company continues to advance products through technical innovation, including development of: the next generation (patent pending) of 3-D endoscopes; the extension of Lenslock(TM) technology (patent pending) to its entire line of endoscopes; instrumentation utilizing the Company's micro-precision(TM) lens technology (patent pending) for optical components; assemblies and endoscopes under 1 mm. Precision Optics Corporation is registered to ISO 9001:2000, ISO 13485:2003, and CMDCAS Quality Standards, and complies with the FDA Good Manufacturing Practices and the European Union Medical Device Directive for CE Marking of its medical products. The Company's Internet Website is http://www.poci.com .
PRECISION OPTICS CORPORATION, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2006 AND SEPTEMBER 30, 2005 (UNAUDITED)
Three Months Ended September 30, 2006 2005
REVENUES $474,154 $419,582
COST OF GOODS SOLD 485,925 521,501
Gross Loss (11,771) (101,919)
RESEARCH and DEVELOPMENT EXPENSES 207,824 208,111 SELLING, GENERAL and ADMINISTRATIVE EXPENSES 483,787 424,688
GAIN ON OTHER INCOME OF ASSETS - (165,700)
Total Operating Expenses 691,611 467,099
Operating Loss (703,382) (569,018)
INTEREST INCOME 15,203 9,147
Net Loss $(688,179) $(559,871)
Basic and Diluted Loss Per Share $(0.04) $(0.08)
Weighted Average Common Shares Outstanding - Basic and Diluted 15,458,212 7,008,212
PRECISION OPTICS CORPORATION, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETS (UNAUDITED) CURRENT ASSETS September 30, 2006 June 30, 2006 Cash and Cash Equivalents $1,274,979 $2,030,428 Accounts Receivable, net 342,913 381,097 Inventories, net 500,335 445,802 Prepaid Expenses 44,547 45,912 Total Current Assets 2,162,774 2,903,239 PROPERTY AND EQUIPMENT Machinery and Equipment 3,538,217 3,513,736 Leasehold Improvements 553,595 553,596 Furniture and Fixtures 93,545 93,545 Vehicles 42,343 42,343 4,227,700 4,203,220 Less: Accumulated Depreciation (4,139,290) (4,127,287) Net Property and Equipment 88,410 75,933 OTHER ASSETS Cash surrender value of life insurance policies 13,246 13,246 Patents, net 275,572 236,115 Total Other Assets 288,818 249,361 TOTAL ASSETS $2,540,002 $3,228,533
LIABILITIES AND STOCKHOLDERS' EQUITY TOTAL CURRENT LIABILITIES 545,391 588,636
STOCKHOLDERS' EQUITY Common Stock, $.01 par value- Authorized -- 20,000,000 shares Issued and Outstanding -15,458,212 shares at September 30, 2006 and at June 30, 2006 154,582 154,582 Additional Paid-in Capital 34,772,765 34,729,873 Accumulated Deficit (32,932,736) (32,244,558) Total Stockholders' Equity 1,994,611 2,639,897
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $2,540,002 $3,228,533
Forward-looking statements contained in this news release, including those related to the future success of Company's newly released products and products under development are made under "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties that could materially affect future results. These risks and uncertainties, many of which are not within the Company's control, include, but are not limited to, the uncertainty and timing of the successful development of the Company's new products; decisions by customers to place orders for the Company's products; the risks associated with reliance on a few key customers; the Company's ability to attract and retain personnel with the necessary scientific and technical skills; the timing and completion of significant orders; the timing and amount of the Company's research and development expenditures; the timing and level of market acceptance of customers' products for which the Company supplies components; performance of the Company's vendors; the ability of the Company to control costs associated with performance under fixed price contracts; the continued availability to the Company of essential supplies, materials and services; and the other risk factors and cautionary statements listed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission, including but not limited to, the Company's Annual Report on Form 10-KSB for the year ended June 30, 2006.
SOURCE Precision Optics Corporation, Inc.
Pamela Galaid of Precision Optics Corporation, Inc., +1-978-630-1800 http://www.poci.com
Copyright (C) 2006 PR Newswire. All rights reserved
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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TransAKT Retains iCapital as Investment Banking Firm 11/15/2006
Publicly traded Alberta, Canada telecommunications company to work with California based investment bank
CALGARY, ALBERTA, Nov 15, 2006 (MARKET WIRE via COMTEX News Network) -- TransAKT (OTCBB: TAKDF), a publicly traded telecommunications equipment manufacturer and distributor, headquartered in Calgary, Canada, has engaged California investment bank iCapital Finance, Inc. to reposition the company. The new TransAKT will acquire, commercialize, deploy and develop new technologies in numerous sectors, starting with telecommunications. The company will develop new businesses, joint ventures, and distribution agreements to diversify product, client and geographic base of revenue streams. TransAKT has a new management team in place and is in the final process of closing its first acquisition, with a leading Taiwanese telecommunications company Taiwan Halee International Co. Ltd.
"We are very excited to be working with iCapital," said TransAKT president James Wu. "iCapital has extensive relationships and experience in dealing with Canadian and international companies and is expected to be an asset to the company as an investment banking consultant and as a resource for business development and acquisitions."
"We are very happy to be working with TransAKT. TransAKT has an outstanding management team and is well-positioned to take advantage of a rapidly changing telecom environment," said iCapital Managing Director Randall Letcavage. "We are looking forward to developing our relationship and assisting TransAKT in its plans to launch cutting edge products to a ready and waiting market."
As the corporate banking firm for TransAKT, iCapital will provide a wide range of financial advisory services to TransAKT, to maximize shareholder value.
About TransAKT
TransAKT Ltd. is a technology company focusing on Voice over Internet Protocol ("VoIP") hardware and network applications for commercial and residential users. The Company's global corporate management team is based in Calgary and Taipei. The company has recently secured and developed software and technology that may be released in Asia and in North America as early as the First Quarter of 2007. The Company is listed on the OTCBB (TAKDF).
About iCapital Finance
iCapital is a leading investment bank specializing in the Micro and Small Cap Public Companies and Middle Market Private Companies offering a wide range of financial advisory services, including M&A, equity and debt financing, strategic advisory services, and financial and industry specific consulting. iCapital's industry experience and financial resources enables it to assist high growth companies meet their corporate objectives. In addition to working with public and private companies, iCapital is also a certified national Community Development Entity and represents the state of New Jersey, the National Conference of Black Mayors, and numerous municipalities.
Contacts: TransAKT Ltd. James Wu CEO (403) 290-1744 TransAKT Ltd. Christian Nielsen (403) 290-1744 Email: cnielsen*transaktcorp.com
SOURCE: TransAKT Ltd.
mailto:cnielsen*transaktcorp.com
Copyright 2006 Market Wire, All rights reserved.
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Ignis Petroleum Group, Inc. Completes Purchase of Interests in Barnett Shale Acreage, Producing Wells, Development Program and Gas Gathering & Treating System 11/15/2006
DALLAS, TX, Nov 15, 2006 (MARKET WIRE via COMTEX News Network) -- Ignis Petroleum Group, Inc. (OTCBB: IGPG), an oil and gas company with operations focused on the acquisition, exploration and development of crude oil and natural gas positions in the onshore U. S. Gulf Coast and Mid-Continent areas, today announced that it has completed its previously announced acquisition from W. B. Osborn Oil & Gas Operations, Ltd. ("WBO") and St. Jo Pipeline Limited of 45% of the acreage, producing properties, and natural gas gathering and treating system within the St. Jo Ridge (Barnett Shale) Field, located in Montague and Cooke Counties, Texas. The effective date of the transaction is June 1, 2006.
Specifically, the acquisition includes 45% of WBO's interests in 7,890 gross acres (6,864 net acres), 13 producing wells, and estimated total net proved reserves of 1.11 million barrels of oil equivalent (Mboe) of which 0.45 Mboe are proved developed producing as of June 1, 2006. These estimates of proved reserves do not include probable and possible reserve categories. Approximately 66% of the proved reserves are oil and condensate and 34% are natural gas. The gathering and treating system consists of a 100% interest in approximately 24 miles of gathering lines, which accumulates and treats natural gas at a central plant. WBO has identified 36 initial drilling locations on the acreage before beginning the infill-drilling program, which could yield more than 100 additional drilling sites. A Pioneer Drilling Company rig, secured under a 12-month renewable contract, is currently being used to carry out the continuous drilling program. This continuous drilling program has completed 6 gross wells (5.25 net) since the effective date of which 4 are producing oil and gas and 2 are in various stages of completion.
The acquired interests are held and managed by Ignis Barnett Shale, LLC ("IB"), which is owned by Ignis Petroleum Group, Inc. ("IGPG"), and affiliates of Silver Point Capital. Under the terms of IB's limited liability company agreement, the Silver Point affiliates funded the transaction and will fund future acreage acquisitions and development costs. IGPG can earn up to 50% of the cash distributions of IB after certain performance criteria are met. WBO will continue to own 55% of the program and assets, and will continue to be the operator.
Michael P. Piazza, Ignis President and Chief Executive Officer, said, "We are pleased to complete this strategic acquisition and development project as we continue to focus on achieving our long-term growth targets. Our operating partner in this project, WBO, a private San Antonio, Texas-based Company, has a long history of developing and producing oil and gas. We believe the Ignis team will bring seasoned expertise and advancements in new technology to enhance recovery from the project, working alongside our partners."
About Ignis Petroleum
Ignis Petroleum Group, Inc. is a Dallas-based oil and gas production company focused on exploration, acquisition and development of crude oil and natural gas reserves in the United States. The Company's management has closely aligned itself with strategic industry partnerships and is building a diversified energy portfolio. It focuses on prospects that result from new lease opportunities, new technology and new information. For further information, visit www.ignispetro.com.
Safe Harbor for Forward-Looking Statements
This release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding the potential transactions and ventures discussed in this release. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in oil and gas exploration, the need to obtain additional financing, the availability of needed personnel and equipment for the future exploration and development, fluctuations in gas prices, and general economic conditions.
For Investor & Media Inquiries, contact: Patty Dickerson Vice-President External Affairs 214-459-3193 866-67-IGNIS (866-674-4647) pd*ignispetroleum.com
SOURCE: Ignis Petroleum Group, Inc.
mailto:pd*ignispetroleum.com
Copyright 2006 Market Wire, All rights reserved.
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SITESTAR Sitestar Reports Third Quarter Results 11/15/2006 Company Doubles Net Income, Sharply Increases EBITDA & Revenue and Posts Ninth Consecutive Profitable Quarter
LYNCHBURG, VA, Nov 15, 2006 (MARKET WIRE via COMTEX News Network) --
Sitestar Corporation (OTCBB: SYTE), a provider of residential and business Internet access and value-added computer services, announced today that Internet-related growth drove third quarter net income to double, and for EBITDA (earnings before interest, taxes, depreciation and amortization) and total revenue to nearly double compared to the same period last year, propelling the Company to achieve profitability for the ninth consecutive quarter. Sitestar also continued to trim its current notes payable and negotiate more favorable rates and terms with its suppliers to achieve reduced expenses. In addition, the Company increased its customer base through the acquisition of the assets of FIRST NET.
Sitestar reported an increase of 142.4 percent in net income for the third quarter of 2006, posting $282,468 compared to $116,524 for the same period in 2005. Third quarter EBITDA increased by 97.6 percent or $306,487 to $620,537, up from $314,050 in the same period in 2005. Total revenue for the third quarter of 2006 was $1,463,885, a 78.9 percent increase over the $818,408 reported for the 2005 third quarter. Similarly, Sitestar's year-to-date net income increased by 131.7 percent to $797,811 compared to $344,333 in 2005. Year-to-date EBITDA was $1,721,583, an increase of 104.7 percent or $880,566 compared to $841,017 from the same period in 2005. Total revenue for the year-to-date totaled $4,286,437, which represents a 78.7 percent increase over 2005 year-to-date total revenue of $2,399,414
"Our solid quarterly results demonstrate our ongoing ability to execute our plan," said Frank R. Erhartic, Jr., CEO for Sitestar. "We're generating repeatable and predictable revenue over each quarter, increasing our customer base through strategic and sensible acquisitions that have a positive and sustainable impact on our balance sheet and steadily paying down and retiring debt. Moving forward, our disciplined approach to growing and managing Sitestar will continue to reward our shareholders."
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements that are based on management's expectations, estimates, projections and assumptions. The Company assumes no obligation except as required by law to update the forward-looking statements contained in this press release as a result of new information or future events or developments. These forward-looking statements generally can be identified by words such as "believes," "expects," "projects," "anticipates," "foresees," "forecasts," "estimates," "should" or other words or phrases of similar import. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors, including and without limitation, as found in the Company's reports filed with the Securities and Exchange Commission.
About Sitestar
Sitestar (www.sitestar.com) is an Internet and computer solutions provider that offers narrow-band (dial-up) services and broadband Internet access services (ISDN, DSL, satellite, cable and wireless), Web hosting and design, and other value-added services including Web acceleration, spam and virus filtering as well as spyware protection. Headquartered in Lynchburg, Virginia, Sitestar maintains multiple sites of operation and provides services to customers throughout the U.S. and Canada, with concentrations in customers in the Mid-Atlantic and Rocky Mountain regions in the U.S. and in Ontario, Canada. With a focus on competitive pricing, reliability, service and speed, Sitestar delivers customer value.
Atlantic Syndication Network Discusses Letter of Intent 11/15/2006
LAS VEGAS, NV, Nov 15, 2006 (MARKET WIRE via COMTEX News Network) -- Atlantic Syndication Network, Inc. (OTCBB: ASNI) management has determined that pursuing the Letter of Intent as referred to in the press release dated October 19 2006 is not in the best interest of the company or its shareholders. Atlantic Syndication Network has chosen to pursue other opportunities. ASNI Website - www.asni.tv
Safe Harbor: Included in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, 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.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Eternal Image Inspects and Approves First Shipment of Urns From China Thursday November 16, 9:00 am ET
Tooling Begins on Casket Production in US and Mexico
FARMINGTON HILLS, MI--(MARKET WIRE)--Nov 16, 2006 -- Eternal Image, Inc. (Other OTC:ETIM.PK - News), a public company engaged in the design, manufacturing and marketing of licensed image caskets and urns, today announced that its quality assurance representative has signed off on the shipment of the first order of 2,500 urns from China. ADVERTISEMENT
"Our first production items will be in the States within weeks, which certainly pleases us and our new distributors," said Clint Mytych, president of Eternal Image.
The company began signing major distributors last week and is poised to announce additional distribution deals within the coming weeks.
Just after Thanksgiving executives of the company plan to tour two other manufacturing facilities, one in the US and another in Mexico, in order to inspect the tooling in preparation for the production of caskets. It is expected that the production of caskets will begin by end of year. The first caskets will be available in mid-first quarter of 2007.
For more information about EI, visit the website or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may", "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential" or "continue" or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact: Contacts:
Investor Relations: Peter McGoldrick Integrity IR Services 516/825-6516 integrity*optonline.net
Media Relations: Robbie Tarpley Raffish a.s.a.p.r. 410/883-2000 robbie*asapr.com
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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Seamless Receives 100 Unit S-XGen(TM) Order From Warm Home Improvements Thursday November 16, 8:45 am ET
Seamless to Provide Mobile Real-Time Transaction Processing for Onsite Deposits
LAS VEGAS, NV--(MARKET WIRE)--Nov 16, 2006 -- Seamless Wi-Fi, Inc. (OTC BB:SLWF.OB - News) today announced that it received an order for one hundred S-XGen Ultra Mobile Personal Computers from Warm Home Improvements of Auburn, New Hampshire for use in field sales operations. The S-XGen will allow Warm Home field sales personnel to contract with clients at the job site and take real-time deposits on contracted jobs at the time of contract signing through a Seamless-integrated bundled mobile transaction processing service.
"The S-XGen is going to be a great closing tool for our company," said Kevin Townsend, President of Warm Home Improvements. "To be able to process credit card payments at the customer residence will make a significant difference in establishing that first financial commitment to the project that is so important for a successful and effective close."
The real-time transaction capability is based around Seamless Internet's S-XGen(TM) Ultra Mobile PC (UMPC), Seamless Skyy-Fi's back-office billing and processing capabilities and Seamless Peer 2 Peer's Phenom Internet encryption software.
This powerful mobile sales offering allows for real-time mobile transaction processing for salespeople at a customer location, utility workers collecting subscriber payments, contractors taking deposits for work onsite -- through the mobile connectivity (Cell, Wi-Fi and Bluetooth) of the S-XGen, Skyy-Fi's billing foundation and Phenom's secure internet encryption.
"Warm Home's application expands the functionality and opens new market opportunities for the S-XGen and other Seamless company offerings," said John Domerego, president of Seamless Internet, Inc. "By combining capabilities across our subsidiaries, we have created a dynamic mobile sales tool that will process a sale, payment or deposit in real-time while the user is onsite. We look forward to working with Warm Home to make the S-XGen a powerful tool for expanding their business and helping them sell units into other complementary applications."
The S-XGen is the newest contender in the rapidly expanding Ultra Mobile Personal Computer (UMPC) class of minicomputers and takes connectivity to the next level with integrated Cellular, Wi-Fi and Bluetooth connectivity. To date, Seamless has booked 2,200 business orders for the S-XGen.
Interested parties can view the S-XGen device and its specifications at www.slwf.net, and register to receive Seamless News.
About Seamless Wi-Fi
Seamless Wi-Fi, Inc. (www.slwf.net) is based in Las Vegas, Nevada, with three operating subsidiaries: Seamless Skyy-Fi, Inc. (www.skyyfi.com), Seamless Peer 2 Peer, Inc. (www.seamlessp2p.net) and Seamless Internet (www.seamlessinternet.com).
Seamless Skyy-Fi is forging a network of Wi-Fi Hot Spots in targeted geographic and vertical markets across the country and has achieved initial success providing hotel and retail Wi-Fi hotspots. Seamless Skyy-Fi is also the developer of the software program that provides the Wi-Fi user a Secure Internet Browsing (SIB) that encrypts the user's Wi-Fi signal.
Seamless Peer 2 Peer develops Phenom(TM) Virtual Internet Extranet encryption software, which provides SOX- and HIPAA-compliant secure peer mail, chat, file transfer, remote PC access, secure VoIP, video conferencing and white boarding in a two Mb client download.
Seamless Internet offers high security hosting services for Seamless Peer 2 Peer and Skyy-Fi clients and is not available for general public hosting services. Seamless Internet is also manufacturing and marketing the S-XGen, combination phone & mini-computer.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as SLWF or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, such statements in this release that describe the company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, and risk inherent in the operations of a company. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.
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Pearl Asian Mining Industries Reports that it has Entered into a Cooperation Agreement with China's Biggest Gold Refining/Smelting Company
A Safety and Security at Project Cagayan de Oro Further Strengthened as Peace and Order Agreement is Reached with Local Leaders of Surrounding Areas
MANILA, Philippines, Nov 16, 2006 (BUSINESS WIRE) -- PEARL ASIAN MINING INDUSTRIES, INC. (OTC:PAIM) reported today that it has entered into a cooperative arrangement with China National Gold Corporation (CNGC), which owns and operates the largest gold smelting plant/refinery in China. The Memorandum of Understanding (MOU) was signed last November 11th, 2006 at CNGC's Headquarters in Beijing, China by E. Pearl Asian, Founder/Chairman of PAIM, and Mr. Xie Yuanyuan, General Manager of the CNGC International Trading Company. The MOU outlines the forging of a synergistic working alliance between PAIM and CNGC resulting in a mutually beneficial business partnership, which includes smelting & refining of Pearl Asian's gold bullion to at least 99999% purity and the design of processing equipment for PAIM's various Philippine mining prospects, among others. "This MOU is another step taken by Pearl Asian Mining Industries to ensure that its core competencies are enhanced, particularly in gold processing and refining," stated E. Pearl Asian. "Pearl Asian is currently evaluating at least five (5) new small-scale mining areas and at least two (2) on-going large-scale mining concerns, and not to mention XYZ mine which is still under right-of-way negotiations, and this list of mining prospects continues to grow by the day. With the company's aggressive thrust to explore and acquire new mining projects, all of which will require processing equipment, one of the main benefits from this new agreement is the facilitation of design and acquisition of the necessary processing machinery, at optimum cost considering the low manufacturing, design, freight and other associated costs of importing from China. CNGC has been proven to be a trusted supplier of efficient gold processing equipment, as evidenced by its continuing business relations with more than 40 firms outside China, including some of the biggest mining companies in Russia and Eastern Europe," E. Pearl Asian added.
In another development, Pearl Asian Mining also announces the strengthening of security and personnel safety at Project Cagayan de Oro after a discussion with local leaders resulted in a Peace and Order Covenant. The said meeting was presided by E. Pearl Asian at Hotel Koresco, Cagayan de Oro City, last November 8th, 2006, and present were three sultans or muslim leaders, six leaders of indigenous tribal communities, and other Pearl Asian Mining officers and staff. "With this covenant, we expect to go full-speed with our target to produce revenues within this quarter as the safety and security of our personnel are ensured especially along the roads leading to the minesite," stated Bro. Manny Tecson, EVP-Community Relations Officer.
-------------------- "Man who excels at putting worm on hook is Master Baiter" Posts: 678 | From: Boise, Idaho | Registered: Nov 2005
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CHNW - .002 Cash Now (CHNW) Announces Plans To Re Launch It's e Tax Preparation Service PR Newswire - November 16, 2006 09:45
FORT LAUDERDALE, FL, Nov 16, 2006 /PRNewswire-FirstCall via COMTEX/ -- Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now) today announced that it will re launch its e tax filing service for the 2006 tax preparation season. The tax preparation service originally launched in 2003 was a great add on feature to the existing Cash Now franchised and licensed locations that operated in a "brick and mortar" environment or retail type establishments. Cash Now ceased offering the e tax product when the back office tax supplier changed its business model and later sold their business. Operating under the brand name MY E TAX the following archived link displays the services that Cash Now's Myetax offered in the past. http://web.archive.org/web/20040724024823/www.myetax.com/myetax/default.aspx
Originally designed as a stand alone application to compete with other retail type tax preparation service providers such as Liberty Tax, H&R Block and Jackson Hewitt, My E Tax Service and package was sold to retail type establishments in the price range of $7,500.00 to $10,000.00 with various revenue sharing income streams, with the lions share being retained by the licensees.
The company has secured a new supplier and will re launch the e tax service with a new web site and 2 separate and distinct revenue streams; one stream as aforementioned above, and the other a free add on feature to a Cash Now retail licensed establishment with the company retaining a greater portion of the revenue streams. As many franchised type establishments carry a restrictive covenant with what products and services they can, and can not integrate into their businesses; the Cash Now e tax service is made available only through a license agreement which in itself is more attractive, and offers the retail operators secondary options and different alternatives.
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 the 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, WWW: http://www.cashnow.com
Copyright (C) 2006 PR Newswire. All rights reserved
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QTCE (.0003) Plans Revolutionary Electronic Products Based On Emotion Detection Speech Analysis
PrimeZone "PrimeZone "
LONDON, Nov. 16, 2006 (PRIMEZONE) -- Quantech Electronics Corp. (Pink Sheets:QTCE), software developer for marketing communications, announced that it soon expects to complete its acquisition of rights to an innovative emotion-detection speech analysis application.
Quantech will soon finalize its acquisition of rights to a unique technological system that recognizes and responds to the emotion in speech. Emotional analysis of speech is a cutting-edge technological innovation with virtually unlimited areas of application. The company plans to market its innovation as a platform for several major product categories where the introduction of an emotion recognition component to speech activated systems will create a revolution in user's product interactions. Major potential applications for the new emotion-based speech-recognition system include: 1) biofeedback products which help the individual train and control their emotional and physiological state, combining biological functions and multi-media; 2) enhanced feedback in learning of various cognitive skills, 3) animation activation and manipulation, allowing games or educational software to respond to users' emotional state reflected in their speech.
One of the first directions of development will be directed to the multimedia game/edutainment market, which exhibits an explosive growth rate of 25% in the United States alone. According to recent research conducted by leading consumer and retail information company the NPD Group, total U.S. consumer spending on PC Games reached $1.4 billion in 2005, not taking into consideration multimedia games on consoles and hand-held devices.
Quantech's new Sky's-the-Limit is its first speech-based emotion-recognition system, where the user's emotion in speech modifies the audio-visual image displayed while playing a game or operating an edutainment program. The second system, called the Biofeedback system, incorporates biological and physiological variables.
"The sheer magnitude of the market offers a great opportunity for Quantech's innovation. Although this is highly competitive market, Quantech now has a unique advantage based on the innovativeness of our development. Using this platform, users' emotional reactions become an integral part of games and edutainment programs, giving an entirely new meaning to the man-machine interface. This emotional interaction with the computer 'humanizes' the game," explains Liat Matilsky, CEO of Quantech.
About Quantech
Quantech Electronics Corp. is a web-based software development company based in the UK, that offers development services focusing on web-based desktop communication tools, call center support tools, and development packages designed to enhance the effectiveness of web-based advertising and instant messaging. The company's powerful, easy-to-use software enhances the effectiveness and efficiency of its customers' online and offline businesses. Driven to provide comprehensive solution packages for their clients' entire online business needs, Quantech focuses on customized developments for medium to large businesses, as well as start-ups, Quantech's unique technologies and rapid-response systems construct client infrastructure at competitive prices.
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.
To contact Quantech or access more information, please visit our web site at www.quan-tech.co.uk
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