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BANY (.001) Subsidiary Announces Results from New Electro-Diagnostic Testing Device Launch
Business Wire "US Press Releases "
LOS ANGELES--(BUSINESS WIRE)--
Banyan Corporation (OTCBB:BANY), franchisors of nationally branded Chiropractic USA clinics, and owner of Premier Medical Group and Virtual Medical Systems, Inc. (VMS), announced its initial results since it launched its newest medical device, the VT3000, to doctors nationwide. The VT3000 is a state-of-the art Electro-Diagnostic testing machine that pinpoints problems related to nerves, muscles, spinal cord or the brain. The VT3000 can be operated efficiently in doctors' offices, with "live viewing" by a certified technician, and rapid reading service from the Board Certified Physicians of VMS.
The company reports initial sales of 50 machines, with sales of 50 additional machines expected within the next 90 days. Between the machine sales and ongoing testing revenues, these sales alone should generate yearly revenues of about $3,000,000- $4,000,000 from this initial marketing effort. This is in addition to the existing Premier business that is reporting strong growth for the quarter ending September 30, 2006.
Michael Gelmon, Banyan CEO, speaking to analysts said, "I am very excited about the rapid growth of our VT3000 and the revenue potential that will add substantially to Banyan's bottom line. Revenue from our Diagnostic business as reported in our recent 10Q filings have exceeded $5.4 million on an annualized basis, this additional income will help us turn the corner to profitability. Within 5 years, the market for the VT3000 could exceed 2,000 units per year and produce a yearly revenue in excess of $40,000,000."
About Banyan Corporation:
Banyan Corporation is a publicly traded holding company focused on investing in and building a network of operating subsidiaries engaged in various innovative businesses. Currently the company's subsidiary, Chiropractic USA, Inc., is focusing on the development of branded Chiropractic clinics throughout North America by way of franchising and the use of uniform operating systems and practices. The company's other subsidiaries, Premier Medical Group LLC, and Virtual Medical Systems, Inc., provide diagnostic testing services to physicians nationwide in addition to marketing the VT3000 Electro-diagnostic testing machine.
This Press Release contains or incorporates by reference forward looking statements including certain information with respect to plans and strategies of Banyan Corporation. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Banyan Corporation operations that could differ materially from those indicated by such forward looking statements.
Source: Banyan Corporation
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Avenue Group Announces Drilling Results of Well in West Virginia
Monday , November 20, 2006 11:30 ET
NEW YORK, NY -- (MARKET WIRE) -- 11/20/06 -- Avenue Group, Inc. (OTCBB: AVNU) announced today that the operator of Avenue's Appalachia 2006 LP has successfully completed drilling a new well in Doddridge County, WV, and that the operator has informed Avenue that the next well will be spudded on or around December 1, 2006.
The recently completed well open flow tested at the rate of 335,000 cubic feet of gas per day and is expected to go on stream in December 2006 at approximately 35,000 to 50,000 cubic feet of gas per day.
"We are pleased with the results of the initial well in our 2006 drilling program," Levi Mochkin, president and CEO of Avenue Group, commented. "The successful completion of this well affirms the validity of our strategy to focus our efforts on low risk Appalachian basin drilling to increase our cash flow."
The drilling program for the 2006 LP calls for the drilling of 10 gross wells (8 net wells) in West Virginia. Avenue has received a $1.5 million commitment from a Private Family Trust towards fulfilling its financial commitment to the operator.
The general terms of the 2006 LP call for Avenue Group's oil and gas subsidiary, Avenue Energy, to act as the general partner of the 2006 LP thereby receiving a 10% partnership share with its share rising to 20% post payout of capital invested.
About the Appalachian Basin
The Appalachian basin covers over 185,000 square miles across seven states (from Western New York through Georgia and Alabama) and is the US's oldest producing region with production in excess of 46 tcf of gas from over 400,000 wells. In 2003, the National Petroleum Council estimated the basin still contained another 9 tcf of proved gas reserves and an additional 68 tcf of unproved gas reserves.
ABOUT AVENUE GROUP, INC.
Avenue Group, Inc. (OTCBB: AVNU) through its subsidiary Avenue Energy, Inc. is engaged in the exploration and development of oil and gas reserves. Its strategy is to acquire a portfolio of oil and gas assets that include low risk oil and gas reserves internationally and the generation of low risk drilling opportunities in Appalachia and similar basins in the US.
Certain statements in this announcement including statements such as "believes," "anticipates," "expects" and all similar statements regarding future expectations, objectives, intentions and plans for oil and gas exploration, development and production may be regarded as "forward-looking statements" within the meaning of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made. Management's current view and plans, however, are subject to numerous known and unknown risks, uncertainties and other factors that may cause the actual results, performance, timing or achievements of Avenue Group to be materially different from any results, performance, timing or achievements expressed or implied by such forward-looking statements. The various uncertainties, variables, and other risks include those discussed in detail in the Company's SEC filings, including the Annual Report on Form 10-KSB, for the year ended December 31, 2005 and its Quarterly Report on Form 10-Q for the period ended September 30, 2006. Avenue Group Inc. undertakes no duty to update or revise any forward-looking statements. Actual results may vary materially.
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CLME (.049) Completes an Industry First - Waste Rice Straw Harvest Preparing for Ethanol
Business Wire "US Press Releases "
COLUSA, Calif.--(BUSINESS WIRE)--
Colusa Biomass Energy Corporation (CLME.PK) today announced the successful completion of its first-ever rice straw harvesting operation in Colusa County, California. Field Operations Manager Rick Nannen said, "Yields of rice straw were very significantly higher than expected, showing that our specialized equipment and field practices result in highly efficient collection of biomass."
CBEC announced that it had collected 6,800 tons of rice straw in a truncated harvest period of 5 weeks, with an average yield per acre harvested of over 4 tons/acre, compared to previous assumptions of 2.5 tons/acre. These higher yields significantly reduced the amount of acres necessary to be harvested in order to reach CBEC's target volume of rice straw.
CEO Tom Bowers said, "Our average cash cost for collection of rice straw in this harvest was $9.44 per ton. In the full scale harvest we will undertake in 2007 we are confident that total cost (including capital cost) will not exceed $24.00 per ton. This places us very significantly below the National Renewable Energy Laboratory's benchmark for biomass gathering costs of $30.00 per ton." Rick Nannen added, "Our process gathers rice straw without baling it. Avoiding the baling step significantly reduces the cost of gathering biomass."
In the 2007 harvest CBEC intends to undertake a full-scale rice-straw harvest operation using 5 forage harvester units, over the full 10 weeks of the harvest. This full scale operation will produce over 70,000 tons of rice straw, which will be processed into ethanol in CBEC's biorefinery, on which it is expected to begin construction in 2007.
About Colusa Biomass Energy Corporation
Colusa Biomass Energy Corporation (Other OTC:CLME.PK - News) is planning to build a bio-refinery which is engineered to convert waste rice straw residue into ethanol. The plant is based on CLME patented and proprietary technologies that converts waste biomass into ethanol for use in transportation fuels. It is important to note that the CLME technology takes nothing from the food stream but only consumes waste biomass such as straws, wood chips, forest slash and orchards trimmings. Additional information can be obtained at the website: www.colusabiomass.com.
Safe Harbor:
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical fact may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from the projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Source: Colusa Biomass Energy Corporation
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WNED (.019) Enters Revenue Sharing Arrangement with Swiss America Trading Corporation
Business Wire "US Press Releases "
LAS VEGAS--(BUSINESS WIRE)--
Winning Edge International Inc. (OTCBB: WNED) announced today that the Company has entered into a revenue sharing arrangement with Swiss America Trading Corporation, one of America's major marketers of investment grade gold and silver coins.
CEO Wayne Allyn Root said, "This agreement helps us capitalize on our growing database of sports enthusiasts who we believe have the interest and income to want stock market and commodity investment information. Swiss America's CEO, Craig Smith, is a best selling author and a recognized expert on gold investments. Winning Edge is pleased to offer Swiss America's advice, expertise, and products to our clients."
Craig R. Smith, CEO of Swiss America, responded, "Gold and silver coins are a proven hedge against inflation, dollar weakness, rising interest rates, oil prices, wars, terrorism, financial instability, and other forms of global chaos. The U.S. Government has endorsed gold and silver as investments, as it permits Americans to include U.S. gold, silver and platinum coins as part of their IRA accounts. We're excited to get exposure through the Winning Edge database, as it contains an ideal demographic profile for showcasing our products."
About Swiss America Trading Corporation - For a quarter century Swiss America has advised clients to diversify a small portion of their assets into U.S. gold coins for three reasons: safety, privacy, and profit-potential, in that order. For more information see www.swissamerica.com
About Winning Edge International, Inc. - Winning Edge International, Inc. is America's only publicly traded sports handicapping company. Winning Edge International, Inc. specializes in developing and marketing sports handicapping advice and information via television, radio, and the web: Wayne Allyn Root's WinningEDGE(TM) television show, the website www.WinningEDGE.com and www.ewinners.com. The Company produces high-quality sports and gaming entertainment programming and sells advertising and sponsorship opportunities on their TV and radio properties, as well as marketing opportunities to an exclusive database of more than one million predominately male sports and gaming fans.
All statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations that are disclosed in this Press Release. While Winning Edge International, Inc. believes its forecasting assumptions are reasonable, there are factors that are hard to predict and influenced by economic and other conditions that are beyond Winning Edge International, Inc.'s control. Among the other important factors which could cause actual results to differ materially from those in the forward-looking statements are detailed in Winning Edge International, Inc.'s filings with the Securities and Exchange Commission.
Source: Winning Edge International, Inc.
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GOIH (.06) Confirms Audits Completed for Reg. E Venture Capital Fund and High Yield Real Estate Fund
Business Wire "US Press Releases "
ATLANTA--(BUSINESS WIRE)--
Global 1 Investment Holdings Corp. (OTCBB: GOIH), www.global1inc.com, changes name to Global 1 Investment Holdings Corporation to reflect our new business model.
Reg. E Funds Audit Completed.:
Our auditing firm has confirmed that the audits for Global 1 Venture Capital and Global 1 High Yield Real Estate Funds have been completed. We will launch the funds immediately for the raising of $5,000,000.00 for each fund. We will apply for a trading symbol from NASDAQ for the Funds to Trade on the OTCBB immediately.
We have achieved a milestone in our restructuring and these are the first of many other Funds that we will be shortly launching.
Business Combinations and Dividends:
Our investment banking unit is seeking companies that wish to go public and to enter into business combinations with our Global 1 Venture Capital Fund. The companies we take public through the business combinations, 25% of the equity will be distributed as dividends to our shareholders. We are readying for the first distribution to be shortly issued.
Share Imbalance and NOBO List:
Our new class of preferred stock will reward investors and provide a currency for acquisitions, once the share imbalance is officially determined from the revised NOBO List, we will go forward with the dividend distribution estimated at $0.75 per share.
Corporate Objectives:
Our goal is to have $100,000,000.00 under management within eighteen (18) months and acquire three (3) operating businesses for business combinations giving GOIH an intrinsic value of between $0.35-$0.75 per share inclusive of dividends.
Summary:
We have several financing options we are pursuing to add value and assets to our balance sheet. Currently we are a debt free company and will use our various financial instruments to add assets and financial leverage for our growth. We are seeking operating business wishing to go public for our business combination program.
About Global 1 Investment Holdings Corporation:
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on Global 1 behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control.
Source: Global 1 Investment Holdings Corp.
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Terra Energy & Resource Technologies, Inc. Delivers STeP® Analysis Report to International Oil and Gas Exploration Company Company Has 20% Working Interest in 1,000,000 Acre Project in Eastern Turkey
NEW YORK--(BUSINESS WIRE)--Terra Energy & Resource Technologies, Inc. (OTCBB: TEGR), an energy technology company that combines satellite-based technology with traditional exploration services, announced today that its wholly-owned subsidiary Terra Insight Corporation (TIC), delivered its first stage STeP report on a 1,000,000 acre oil and gas exploration project in Eastern Turkey, pursuant to a service contract with Calik Enerji Sanayi ve Ticaret, A. S. The agreement provides for the Company to receive a 20% working interest in the project, in addition to its undiscounted rates to be paid out of future revenues of the project. Under the contract, TIC is providing studies of the area of interest, for identification of prospective drilling sites and mapping of hydrocarbon anomalies using proprietary STeP technology.
"We are pleased that such a large company as Calik Enerji has recognized the value that our STeP technology can contribute to improvement of exploration success. STeP offers a new dimension, a new differentiating view of the hydrocarbon potential and location, not yet available to most companies,” said Roman Rozenberg, Terra Energy & Resource Technologies’ Chief Executive Officer. “With the delivery of our first stage STeP report, we expect to strengthen the relationship with Calik Enerji and to further demonstrate the ability of STeP technology to significantly enhance the exploration process via improved accuracy and cost/time efficiency. We are optimistic that STeP will be instrumental in locating hydrocarbon anomalies. We anticipate that leading oil and gas exploration companies will increasingly recognize the important role of our STeP technology in exploration for oil and gas as well other minerals off or on shore and without depth limitations.”
About Terra Energy & Resource Technologies, Inc.
Terra Energy & Resource Technologies, Inc., through its wholly owned subsidiary, Terra Insight Corporation, provides mapping, surveying, and analytical services to exploration, drilling, and mining companies. The Company primarily uses the STeP technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources. It manages and interprets geologic and satellite data to develop the assessment of natural resources. Through the Company's wholly owned affiliate, Terra Resources, Inc., the general partner in three limited partnerships we control, the Company owns 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 participation in leases in East Texas and in South Texas for purposes of utilizing its STeP technology in oil and gas exploration and development activities. We also own a minority interest in a diamond exploration project under development by a much larger company on more than 1,000 square kilometers in Congo, and we have a majority interest in diamond exploration planned on 1.25 million acres off-shore Namibia. 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: 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
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