Cargo Connection Logistics Holding, Inc. Reports Record Third Quarter Results 11/20/2006
Quarterly Revenues Increase by More Than 35 Percent -- Company On Track for Record Year
INWOOD, NY, Nov 20, 2006 (MARKET WIRE via COMTEX News Network) -- Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO) (BERLIN: CD6) (FRANKFURT: CD6) (FRANKFURT: 217026) today reported recorded revenues for the third quarter ended September 30, 2006. Revenues for the quarter were $5.270 million compared to revenues of $3.830 million from the same period last year, a 37.5 percent increase.
Revenues for the nine months ended September 30, 2006 were $12.975 million up 22.4 percent from the same period of 2005.
"As the result of the continued growth of our domestic business aided by the addition of some of the best senior management in our sector, we continue to build top line revenue," said Scott Goodman, Cargo Connection Logistics Holding, Inc. CFO. "While this represents the core of our business we are, as previously stated, aggressively pursuing international opportunities specifically in the Pacific Rim. In fact, Company Chairman and CEO, Jesse Dobrinsky, has been in China for the past week and a half working diligently to bring to fruition developing relationships."
Goodman said that if the current trends continue, the Company is on track for a record year.
Complete financial results can be found in the Company's most recent 10-QSB filing.
About Cargo Connection Logistics Holding, Inc.
The Company consists of Cargo Connection Logistics Corp. and Cargo Connection Logistics - International, Inc., which are both headquartered in Inwood, NY. The Company also has offices in Atlanta, GA; Charlotte, NC; Chicago, IL; Columbus, OH; Miami, FL; New York, NY; Pittsburgh, PA; and San Jose, CA. Cargo Connection Logistics is a leader in world trade logistics. Headquartered adjacent to JFK International Airport, the company is a transportation logistics provider for shipments importing into and exporting out of the United States, with service areas throughout the United States and North America. The companies currently provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. They also have container freight station operations specifically designed to handle internationally arriving freight for the major retail suppliers through its CFS facilities in Florida, Georgia, Illinois, New York and Ohio. Cargo Connection Logistics' website is www.cargocon.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission, including, without limitation:
-- the Company's ability to increase its revenues, including by obtaining contacts with foreign shippers; -- the Company's financial condition, including its ability to continue as a going concern; -- the effect of the Company being in default on its indebtedness; -- the Company's ability to raise additional capital; -- the Company's reliance on key personnel and independent agents; and -- the Company's vulnerability to economic and industry conditions
Contact:
Peter Nasca Peter Nasca Associates, Inc. 954-473-0677 Ft. Lauderdale 312-421-0723 Chicago
SOURCE: Cargo Connection Logistics Holding, Inc.
Copyright 2006 Market Wire, All rights reserved.
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Quintek Announces Value of Proposals in Review Exceeding $4 Million in Revenue 11/20/2006
HUNTINGTON BEACH, CA, Nov 20, 2006 (MARKET WIRE via COMTEX News Network) -- Quintek Technologies, Inc. (OTCBB: QTEK), a global provider of Business Process Outsourcing (BPO) and best-of-breed technology consulting services, announced today that it has current proposals in the customer review phase totaling potential revenues in excess of $4 million. The Company announced previously that it had increased its sales and marketing efforts.
In October, Quintek reported that its revenues for the year ending June 30, 2006 increased 49% to $2,307,402 from $1,547,923 for the year ending June 30, 2005. This marked the second year in a row of record revenues for Quintek, which was precluded by a 418% increase from 2004 to 2005.
Robert Steele, Quintek CEO, stated, "Since initiating our increased marketing efforts, we have placed over 30 new proposals with potential customers equaling a contract value of more than $4 million. As a direct result of these efforts we recently closed a $550,000 two-year BPO services contract." He added, "Additionally, we are expanding our services to Government Agencies and have closed a nine-month contract with a California state agency. We are highly confident that we can deliver another year of record revenue growth."
About Quintek Technologies, Inc.
Quintek Technologies, Inc. (OTCBB: QTEK), through its wholly owned subsidiaries Quintek Services, Inc. (QSI), and Sapphire Consulting Services, Inc., provides services to enable Fortune 500 and Global 2000 corporations to reduce costs and maximize revenues.
QSI delivers Business Process Outsourcing (BPO) services and solutions that enable companies to secure and manage their key data processing demands with optimal efficiency and minimal costs. As a next-generation technology company, Quintek is unhindered by outdated information technology systems, and thus is able to deploy best-of-breed solutions in all aspects of BPO. Forester Research, Inc estimates that the market for BPO services will grow from $19 billion in 2004 to $146 billion in 2008. Business Insights estimated the BPO market as the fastest growing area of the IT services sector. Growing at 8% annually it is expected to grow from $112.1 billion in 2005 to $144 billion in 2008.
Sapphire Consulting Services, Inc. offers a broad range of supply chain management consulting services. Sapphire assists organizations to create a higher level of customer satisfaction, enhance supply chain capability and achieve consistent competitive advantage through reduced product cost, reduced inventory investment and improved supply chain security. A study by IDC found the SCM services market will expand from $26.1 billion in 2002 to $40.5 billion in 2007, representing a five-year compound annual growth rate (CAGR) of 9.2%.
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Quintek to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in Quintek's Annual Report on Form 10-KSB for the fiscal year ended June 30, 2006 and any subsequent reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and Quintek assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, inability to timely develop products or services, inability to deliver products or services when ordered, inability of potential customers to pay for ordered products or services, and political and economic risks inherent in domestic and international trade.
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Reliant Projects $150 Million CAD in Loans Funded for First Quarter of Fiscal 2007 11/20/2006
TORONTO, Nov 20, 2006 (BUSINESS WIRE) -- Reliant Home Warranty Corporation (OTCBB:RHWC) Sr. VP Underwriting Steve Hamilton announced today Reliant projects $150 Million CAD in Loans to be originated in the first quarter of 2007.
Mr. Hamilton commented, "Our $250 Million CAD warehouse line is being finalized and we are excited to move forward and continue to develop Reliant as the Industry Innovator and Leader."
About Reliant Home Warranty Corporation
Reliant Home Warranty Corporation (www.relianthwc.com) offers the sub-prime residential mortgage market High-Ratio to value mortgages that includes self-employed consumers and those with difficult credit.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. For a summary of such risks and uncertainties, see the Company's periodic reports and other filings with the Securities and Exchange Commission.
SOURCE: Reliant Home Warranty Corporation
Reliant Home Warranty Corporation Steve Hamilton, 416-445-9500 shamilton*relianthomemortgage.com
Copyright Business Wire 2006
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Fonix Reports Third Quarter 2006 Highlights and Results 11/20/2006
SALT LAKE CITY, Nov 20, 2006 (BUSINESS WIRE) -- Fonix Corporation (OTC BB: FNIX), specializing in embedded speech technologies and interfaces for mobile devices, handheld electronic products, videogame systems and embedded processors, announces financial results for the quarter ended September 30, 2006.
Third quarter Company highlights include:
-- Fonix VoiceCentral(TM) 3.1 Announced -- Fonix debuted its latest version of Fonix VoiceCentral, a voice-activated dialing and content management solution for Windows Mobile 5 Pocket PC devices. This version allows users to access VoiceCentral functions without pushing buttons on the device via a Bluetooth headset, as well as access emails, dial contacts, and launch device functions such as Internet and music.
-- Microsoft Gamefest Presentation -- Fonix representatives gave a presentation at the 2006 Microsoft Gamefest titled "An Overview of Voice Recognition Implementation" to educate videogame developers about voice recognition. Fonix also exhibited its award-winning Fonix VoiceIn(R) Game Edition voice recognition interface for the Xbox(R), Xbox(R) 360, PlayStation(R)2 and Windows platforms.
Consolidated revenues were $386,000 for the quarter ended September 30, 2006, an increase of $128,000 compared to $258,000 for the same period in 2005. Revenues were $1,024,000 for the nine months ended September 30, 2006, an increase of $46,000 compared to $978,000 for the same time period in 2005.
Consolidated operating expenses, exclusive of non-cash charges, were $810,000 for the quarter ended September 30, 2006, a decrease of $600,000 compared to $1,410,000 for the same period in 2005. Operating expenses, exclusive of non-cash charges, were $3,230,000 for the nine months ended September 30, 2006, a decrease of $526,000 compared to $3,756,000 for the same period in 2005.
"As the end of the year approaches, Fonix is well positioned to expand revenues from our Speech subsidiary," said Thomas A. Murdock, Fonix President and CEO. "Year-to-date revenues from Fonix Speech products have increased more than five percent, however, revenue for the third quarter increased 50 percent from this time last year, which reflects the growth and stability in recurring revenue from unit royalty sales with ongoing customers and new contracts."
Murdock also commented regarding the bankruptcy filings for the telecommunications operations during the third quarter: "With current regulatory constraints in the telecom environment, including BellSouth's position to bypass certain contractual rights, we were forced to take protective measures by liquidating the telecom group, thus preserving the core speech business. The telecom subsidiaries filed for protection under Chapter 7, and the current 10-Q reflects the discontinuance of this business."
"Fonix anticipates increased sales of our speech solutions from multiple OEMs that are now distributing devices featuring Fonix software," said Roger D. Dudley, Fonix Executive VP and CFO. "Fonix Speech technologies have been widely accepted by electronic dictionary manufacturers in Japan, Korea and China. We are also pleased to have reduced operating expenses, which we expect will continue to benefit the Company as we work to reach profitability."
About Fonix
Fonix Corporation (OTC BB: FNIX), based in Salt Lake City, Utah, is an innovative speech recognition and text-to-speech technology company that provides value-added speech solutions through its wholly owned subsidiary, Fonix Speech, Inc., currently offering voice solutions for mobile/wireless devices; interactive videogames, toys and appliances; computer telephony systems; the assistive market and automotive telematics. Fonix provides developers and manufacturers with cost-effective speech solutions to enhance devices and systems. Visit www.fonix.com for more information, or call (801) 553-6600 and say "Sales."
Statements released by Fonix that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the Company's business prospects and performance. The Company's actual results could differ materially from those in such forward-looking statements. Risk factors include general economic, competitive, governmental and technological factors as discussed in the Company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The Company does not undertake any responsibility to update the forward-looking statements contained in this release.
Fonix Corporation Consolidated Statement of Operations Three Months Ended Nine Months Ended Sep 30, 2006 Sep 30, 2005 Sep 30, 2006 Sep 30, 2005 ------------ ------------ ------------ ------------Revenues $386,000 $258,000 $1,024,000 $978,000Cost of revenues (6,000) (21,000) (12,000) (34,000) ------------ ------------ ------------ ------------Gross profit 380,000 237,000 1,012,000 944,000Expenses:Selling, general and administrative 2,024,000 1,410,000 4,444,000 3,756,000Legal settlement expense - 2,080,000 - 2,080,000Product development and research 551,000 580,000 1,711,000 1,628,000 ------------ ------------ ------------ ------------Total expenses 2,575,000 4,070,000 6,155,000 7,464,000Total other expense, net (2,291,000) (99,000) (3,042,000) (723,000)Net loss (4,486,000) (3,932,000) (8,185,000) (7,243,000)Preferred stock dividends (16,192,000) (423,000) (18,295,000) (996,000) ------------ ------------ ------------ ------------Loss attributable to common stockholders (20,678,000) (4,355,000) (26,480,000) (8,239,000)Basic and diluted net loss per common share $(0.03) $(0.01) $(0.04) $(0.04) ============ ============ ============ ============ Consolidated Balance Sheets As of As of Sep 30, 2006 Dec 31, 2005 ------------- -------------Assets 3,042,000 4,131,000Liabilities 43,452,000 19,357,000Stockholders' deficit (40,410,000) (15,226,000) SOURCE: Fonix Corporation
Fonix Corporation, Salt Lake City Investors and shareholders contact: Michelle Aamodt, 801-553-6736 investorrelations*fonix.com or Media and press contact: Elizabeth Sweeten, 801-553-6617 mediainfo*fonix.com
Copyright Business Wire 2006
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World Ventures Inc. Announces Private Placement Financing 11/20/2006
NANAIMO, British Columbia, Nov 20, 2006 (BUSINESS WIRE) -- World Ventures Inc. (OTCBB:WVNTF) announces that the Company has negotiated a non-brokered private placement of one million five hundred thousand units at a price of 10 cents per unit. Each unit is composed of one common share in the capital of World Ventures Inc., and one two-year common share purchase warrant. Each purchase warrant will entitle the holder to purchase one additional common share of World Ventures Inc. for a period of 24 months from closing at an exercise price of 10 cents per share in the first year and 15 cents in the second year. There are no finders' fees or commission payable in relation to the private placement. Proceeds from the non-brokered private placement will be used to finance general working capital.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state of the U.S.A. in which such offer, solicitation or sale would be unlawful.
About World Ventures Inc.
World Ventures Inc. is an early-stage mining company that focuses on the exploration and production of precious metals. The objective of management is to grow World Ventures into a significant gold and precious metals producer by further developing its Nevada, Saskatchewan and Ontario gold properties, and by acquiring other advanced-stage projects.
Disclaimer:
This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act of 1995) including statements regarding SEC approval and the sufficiency of the funds raised. Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which World Ventures Inc. may have little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. World Ventures Inc. expressly disclaims any obligation to update the statements contained in this release.
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DiaSys Corporation Announces Satisfaction of Requirements for Continued Listing 11/20/2006
WATERBURY, Conn., Nov 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- DiaSys Corporation (OTC Bulletin Board: DYXC) On November 15, 2006, DiaSys Corporation (the "Company") filed its Annual Report on Form 10-KSB for its fiscal year ended June 30, 2006. Accordingly, the Company has satisfied requirements for continued listing of its Common Stock on the OTC Bulletin Board under the symbol DYXC.OB.
DiaSys Corporation designs, develops, manufactures and distributes proprietary medical laboratory equipment, consumables and infectious disease test-kits to healthcare & veterinary laboratories worldwide. Headquartered in Waterbury, Connecticut USA, the Company operates in Europe through its wholly owned subsidiary based in Wokingham, England and through distributors in South America. DiaSys, Parasep and Urisep are registered trademarks of DiaSys Corporation.
This press release contains forward-looking statements within the meaning of, and made pursuant to, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or events, or timing of events, relating to the Company to materially differ from those expressed or implied by such forward looking statements. DiaSys refers interested parties to its most recent Annual Report on Form 10-KSB and other SEC filings for a complete description of, and discussions about, the Company.
SOURCE DiaSys Corporation
Gregory Witchel, Chief Executive Officer of DiaSys Corporation, +1-203-755-5083 http://www.diasys.com
Copyright (C) 2006 PR Newswire. All rights reserved
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Interplay Announces Intent To Conduct Private Placement 11/20/2006
Proceeds would fund Massively Multiplayer Online version of Fallout
BEVERLY HILLS, Calif., Nov 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Interplay Entertainment Corp. (OTC Bulletin Board: IPLY) today filed a Form 8-K with the SEC announcing the Company has engaged a Paris-based investment bank to conduct an offshore Private Placement of its common stock. The offering of newly issued shares for an amount of at least euro 20 million and up to euro 50 million in total will be reserved exclusively to non U.S.-based accredited investors. The securities offered will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. A Paris-based listing sponsor will obtain listing of such shares on the Euronext European exchange. Placement is expected to close before December 31, 2006 and proceeds will be used for general corporate purpose and the funding of the development of a Massively Multiplayer Online Game based on the Company's game Fallout. The Company does not intend to commit itself to issue more shares than are currently available under its authorized share capital.
The filing also includes disclosure regarding restructuring of compensation for Chief Executive Officer Herve Caen, including a conversion of Herve Caen's earned but unpaid salary being converted to a conditional demand note. There is also disclosure relating to compensation of other board members.
Commenting on the announcement, Caen said, "Having significantly reduced our debt over the past two years, we are now in an improved position to raise capital. This private placement will be another critical step toward the funding and development of our Fallout property into a Massively Multiplayer Online Game, which represents our plan for growth in the coming years."
Interplay Entertainment Corp. is a developer, publisher and licensor of interactive entertainment software for both core gamers and the mass market. The Company is most widely known for its titles in the action/arcade, adventure/role playing game (RPG), and strategy/puzzle categories. Interplay has produced titles for many of the most popular interactive entertainment software platforms, and currently are focusing our publishing and distribution business by developing interactive entertainment software for the Online Massively Multiplayer market.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Statements contained in this release except for historical information are forward-looking statements that are based on current expectations and involve risks and uncertainties. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. The risks and uncertainties inherent in such statements may cause actual future events or results to differ materially and adversely from those described in the forward-looking statements. Specifically, there can be no assurance that the Company will complete a financing transaction, or any other strategic transaction on favorable terms or at all. Additional important factors that may cause a difference between projected and actual results for the Company are discussed in the Company's filings from time to time with the U.S. Securities and Exchange Commission, including but not limited to the Company's annual reports on Form 10-K, subsequent quarterly filings on Form 10-Q and current reports on Form 8-K. The Company disclaims any obligation to revise or update any forward-looking statements that may be made from time to time by it or on its behalf.
Copyright (C) 2006 PR Newswire. All rights reserved
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CytoCore Reports 3rd Quarter Loss While Ramping Up Clinical Trials New Biomarker Discovery Supports Early Reproductive Cancer Detection Testing
CHICAGO--(BUSINESS WIRE)--Owing to a ramp-up of clinical trial operations, manufacturing processes for the E2 Collector and expanded development of a groundbreaking screening system for the early detection of uterine cancer, CytoCore, Inc. (OTCBB:CYCR) reported a loss for the 3rd quarter ended September 30, 2006.
The late-stage bioscientific research company recorded a 3rd-quarter loss of $1.325 million, or $.00 per share, compared with a loss of $308,000, or $.00 per share, during the same quarter ended September 30, 2005.
For the nine-month period ending September 30, 2006, the company reported an operating loss of $3.341 million compared with a loss of $1.082 million for the period ended September 30, 2005. After interest, preferred dividends, and one-time non-reoccurring non-cash charges, the company incurred a loss of $5.677 million, or $.03 per share, for the nine-month period ended September 30, 2006.
“We are excited about CytoCore’s future as we come closer to product sales and the start of clinical operations which should confirm the potential of our cancer screening products along with the integrated use of the Automated Image Proteomic System (AIPS), a computer guided image recognition microscope system,” said Chief Financial Officer Robert McCullough Jr. “We expect to have significant announcements over the near term as we finish out the year, move deeper into our trials, and approach e2Collector manufacturing options.”
CytoCore develops cost-effective cancer screening systems, which can be utilized in a laboratory or at the point-of-care, to assist in the early detection of cervical, endometrial, and other cancers. The InPath™ System is being developed to provide medical practitioners with highly accurate, low-cost, cervical and uterine cancer screening systems that can be seamlessly integrated into existing medical models. More information is available at: www.CytoCoreInc.com
Dr. George Gorodeski has a significant financial interest in this research consisting of equity and salary as consultant and Director of the Scientific Advisory Board of CytoCore. Dr. Gorodeski’s invention licensed to CytoCore could generate royalty income for Dr. Gorodeski, for University Hospitals of Cleveland, and for CASE University.
Certain statements in this release are forward-looking. These statements are based on CytoCore’s current expectations and involve many risks and uncertainties, such as the company’s inability to obtain sufficient financing, the possibility that clinical trials will not substantiate CytoCore’s expectations with respect to the InPath™ System, and other factors set forth in reports and documents filed by CytoCore with the Securities and Exchange Commission. Actual results may differ materially from CytoCore’s current expectation depending upon a number of factors affecting the Company’s business. These factors include, among others, risks and uncertainties detailed in the Company’s periodic public filings with the Securities and Exchange Commission, including but not limited to the Company's Annual Report on Form 10-K for the year ended December 31, 2005. Except as expressly required by law, CytoCore undertakes no obligation to publicly update or revise any forward-looking statements contained herein.
Contacts for CytoCore, Inc. Gene Martineau, 212-348-1880 Communications & Business Development Consultant ebm*interport.net or SIPR Leslie McCarthy, 650-400-4547 Leslie*sipr.com
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November 20, 2006 05:07 PM Eastern Time Unify Closes Acquisition of GUPTA and Sale of Insurance Division Unify to Double in Size; Acquisition to Be Accretive
SACRAMENTO, Calif.--(BUSINESS WIRE)--Unify Corp. (OTCBB:UNFY), a global provider of development and database software, today announced it has closed the acquisition of Gupta Technologies, LLC (“GUPTA”) from Halo Technology Holdings, Inc. (OTCBB:HALO). In closing the GUPTA acquisition, Unify paid $6.1 million in cash and transferred its Insurance Risk Management Division and ViaMode intellectual property to Halo. In order to finance this acquisition, the Company closed $7.85 million in financing from ComVest Capital LLC, with term debt of $5.35 million and a line of credit of $2.5 million. The final terms of the acquisition agreement were amended to eliminate Unify’s issuance of five million common shares and a warrant for 750,000 common shares to Halo in exchange for increasing the cash consideration paid by Unify to $6.1 million from $5.0 million. Unify expects the combined effect of this transaction to be accretive to pro forma earnings going forward and to double Unify’s annual revenues.
“We have reached an important milestone today as the combination of Unify and GUPTA will create a dynamic, re-energized organization with a strengthened partner channel, broader distribution network, expanded global customer base and talented employee pool,” said Todd Wille, CEO of Unify. “We are on a fast track to begin rapidly executing on our cross-selling strategies and new product development initiatives to expand our service-oriented architecture (SOA) and database offerings. In addition, we look forward to benefiting from a single strategic and operational focus on the software tools and embedded database markets. I am pleased to partner with ComVest and confident in our plans to create profitability and increase shareholder value with our new size, focus and strength.”
Unify and GUPTA provide cross platform enterprise software development and embedded database products to VARs, OEMs, ISVs, global distributors and IT organizations in more than 50 countries. With the acquisition of GUPTA, Unify becomes a company that is more than double in size with added technology resources, an established partner channel and a strong developer community who will rely on Unify to continue delivering productive and reliable technologies while providing a path to next generation, web and SOA-based solutions.
“GUPTA and Unify have built their businesses by listening to customers, developing strong partner and distributor channels, and delivering productive, reliable technologies,” said Mark Bygraves, managing director and vice president for GUPTA’s EMEA and Asia Pacific regions. “Combining our organizations enables us to build on these foundations and I am truly excited by the new opportunities available to our network of channel partners and customers.”
“We are excited to merge with a software tools and database organization that, like us, is customer-driven, technology focused and profitable,” said Patty Watkins, vice president of Americas Sales for GUPTA. “In addition to our current products, we will expand our offerings with solutions for developing rich Internet applications that leverage Web services and SOA, for migrating Lotus Notes applications, and for ‘embed it and forget it,’ no DBA required databases.”
Conference Call
Unify will hold a conference call to discuss the acquisition and fiscal 2007 second quarter financial results on Thursday, Nov. 30, 2006 at 1:30 Pacific Time. Listeners may dial 888-371-9318 and enter conference ID #8149145. A replay of the conference call will be available until Dec. 14, 2006 by dialing 877-519-4471 and entering the passcode #8149145. The conference call will also be Webcast. Visitors can login at www.unify.com.
About Unify Corporation
Unify’s software development and database solutions deliver a broad set of capabilities for automating business processes, integrating information and delivering collaborative information. Through its industry expertise and market leading technologies, Unify helps organizations drive business optimization, apply governance and increase customer service. Unify is headquartered in Sacramento, Calif., with offices in London and Paris, and a worldwide network of global distributors. Contact Unify at 916-928-6400 or visit www.unify.com.
Legal Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements" as that term is defined in Section 21E of the Securities Exchange Act of 1934 as amended. Forward looking statements are denoted by words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, and other variations of such words and similar expressions are intended to identify such forward-looking statements. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the Company’s forward looking statements. Such risks and uncertainties include, but are not limited to general economic conditions in the insurance industry, computer and software industries, domestically and worldwide, the Company's ability to keep up with technological innovations in relation to its competitors, product defects or delays, developments in the Company's relationships with its customers, distributors and suppliers, changes in pricing policies of the Company or its competitors, the Company's ability to attract and retain employees in key positions and the risks and uncertainties associated the acquisition and sale of a significant business unit such as integration of systems, combination of sales forces and business culture issues. In addition, Unify's forward looking statements should be considered in the context of other risks and uncertainties discussed in the Company’s SEC filings available for viewing on its web site at "Investor Relations," "SEC filings" or from the SEC at www.sec.gov
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Heartland Energy Launches Ethanol Brand HE85 ALEXANDRIA, La.--(BUSINESS WIRE)--Heartland Energy Group Inc. (Pink Sheets:HEGP) announced today that they have officially launched their new ethanol brand name, HE85, and have entered into an agreement with Casella & Casella, LLP to file trademark applications for that name.
Heartland Energy Group has developed the following ethanol Brand Name Identity to use as a recognizable marketing tool for their Ethanol E85 Brand – HE85. Heartland Energy Group is developing a national marketing campaign that they plan to launch when the trademark is approved. Heartland intends on putting alternative fuel sections in independent gas stations across the country. The trademark will create asset protection for their future marketing of the Heartland Alternative Fuel line-up. The trademarks are set to co-inside with the Branding Package currently in development.
Roy Thornhill President of Heartland Energy Group, Inc. stated that: He is receiving positive feedback about the marketing plan being developed to create brand recognition for this ethanol product.
About Ethanol:
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: 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 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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CenGroup Off and Running VANCOUVER, British Columbia & BAKU, Azerbaijan--(BUSINESS WIRE)--CenGroup Petroleum Corporation (Pink Sheets:CPCO), an oil recovery company, announced the purchase of its first container of sorbent. “We’re off and running,” said CenGroup CEO, Neville Trevor, from Baku. “Our business plan is working well as we order the first container of patented MOP sorbent from EnviroMop right on schedule. This will allow us to ramp up the scale of our R2 operations, and train more teams for the future.”
Until completion of the sorbent manufacturing plant in Baku, EnviroMop™ LLC USA will be providing CPCO with sorbent particulate. EnviroMop is able to supply product at a rate which will meet or exceed the Company’s requirements until the plant is operational.
“A lot of time, planning and effort went into getting this off the ground,” said EnviroMop President, David Levine. “We are excited to see it get started and are confident in the momentum that has begun today.”
About CenGroup Petroleum Corporation
CenGroup Petroleum Corporation was developed to take advantage of an opportunity to recover surface oil in the Caspian Sea Region and to reclaim the oil to productive use while environmentally restoring the land, sea, and shore (R2). Over the past five years the Company has singularly positioned itself in this lucrative region by developing relationships within the Azerbaijan government. It has been estimated that there are approximately 250 million barrels of surface oil lying on water and land in the Caspian Sea Region, with nearly 1 million new barrels of oil leaking to the surface each year. CenGroup, working with the government of Azerbaijan and shore. For more information, please visit their web site at www.CenGroupPetroleumCorp.com.
MOP and EnviroMop are registered trademarks of their respective owners.
This Press Release contains "forward-looking" statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "may," "will," "expects," "projects," "anticipates," "estimates," "believes," "intends," "plans," "should," "seeks," and similar expressions. These statements reflect management’s beliefs and are based upon information currently available. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause CenGroup’s actual results, performance or achievements to differ materially from those expressed in or implied in such statements. The aforementioned risks and uncertainties may include, but are not limited to, risks associated with possible petroleum market fluctuations and geopolitical conditions in the region of which CenGroup’s oil recovery and reclamation business takes place. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information set forth in this Press Release including such forward-looking statements.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Unicorp Announces Its Recent Mississippi Discovery is Producing at 110 BOPD and Will Increase Its Current Revenue by 60% HOUSTON--(BUSINESS WIRE)--Unicorp, Inc. (OTCBB:UCPI) announced today that its recent Mississippi discovery is producing at an average rate of 110 barrels of oil per day. The Lee Walley Estate Well #1 is located in Greene County, Mississippi. This increase in revenue is in addition to the recently announced 360% increase in revenue for the nine months ended September 30, 2006. Unicorp is the designated operator of the project and has a 60% working interest and an approximate 46.8% net revenue interest.
“This well has met our expectations and we are happy that it is currently producing oil at this rate with no water,” stated Arthur Ley, COO of Unicorp. “We believe this well can sustain production for many years and will be an excellent addition to our growing portfolio of producing wells.”
About Unicorp
Unicorp, Inc. is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company’s goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.
Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements, including the company’s ability to successfully acquire oil and gas properties and drill commercial wells. Due to the limited production history, there can be no assurance that this well will continue to produce oil at its current production rate. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about Unicorp’s future business and financial results, refer to Unicorp’s Annual Report on Form 10-KSB for the year ended December 31, 2005 and Form 10-QSB for the quarter ended September 30, 2006. Unicorp undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.
Contacts Unicorp, Inc., Houston Carl A. Chase, 713-402-6717 Investors*unicorpinc.net
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Sense Technologies Announces Additional Manufacturer Rep and Distributor Alliances for ScopeOut Safety Mirrors Bringing National Marketing Network to a Potential 650 Dealers 11/20/2006
GRAND ISLAND, Neb., Nov 20, 2006 (PrimeZone Media Network via COMTEX News Network) -- Sense Technologies Inc. (OTCBB:SNSG) today announced the signing of additional rep and distributor organizations for sales of the company's ScopeOut(r) safety mirror to 200 automotive dealerships throughout the Southeastern United States. These new alliances with rep and distributor organizations will enable Sense to have ScopeOut(r) sales to a potential base of more than 650 auto dealerships in the states of Idaho, North Carolina, Wyoming, Colorado, Florida Georgia, New York, Texas, Arizona, New Mexico, Louisiana, California, South Carolina and the country of Mexico. The company will continue expanding the current program until it has full representation throughout the United States.
Bruce Schreiner, President of Sense Technologies Inc., stated, "With the implementation of our strategic model we are very encouraged with the acceptance of ScopeOut(r) with rep and distributor organizations across the United States". As part of the support program for ScopeOut(r), Sense Technologies provides rep and distributor companies with installation training as well as sales presentation and marketing support. In exchange, these rep and distributor companies have agreements to sell Sense backing awareness products in their respective territories. Schreiner further stated, "As rep and distributor companies bring their respective dealerships on line we anticipate the 650 dealerships to get involved in our program and will generate a projected $2,500,000 in annualized revenues for Sense. We are committed to supporting and rewarding our current and future network via training and cash incentives to reach our revenue goals as we continue to add additional rep and distributor organizations."
In conjunction with ScopeOut(r), Sense is creating a no-cost informational program for dealerships to assist them in educating customers about backing awareness. The Back-Over Safety Society (BOSS), being created by Sense, is a voluntary program that will provide dealerships with materials to help them inform customers about risk factors and best practices with regard to safe reversing, especially in parking lots and driveways.
KIDS AND CARS (www.KidsAndCars.org), a leading safety advocacy organization, more than 2,500 children, mostly under the age of 4, are injured by reversing automobiles each year. Of those, 100 children will likely lose their lives as a result of these tragedies. In 70 percent of the cases when a young child is hit, either a parent or close relative is behind the wheel. Seniors over the age of 65 are the second highest risk group for having fatal incidences with reversing vehicles. With proper awareness and affordable technologies, safety advocates believe that many of these tragedies can be averted.
For more information on Sense Technologies Inc.'s line of backing awareness products, including ScopeOut(r) and Guardian Alert(r), please visit www.sensetech.com.
Background
Sense Technologies, Inc. (OTCBB:SNSG), a publicly traded company, develops and markets backing awareness products for safety that have been created to help drivers avoid tragic accidents resulting from vehicle blind spots and impaired rear visibility. The company currently sells two patented technologies -- GuardianAlert(r), a Doppler awareness-based rear sensing device, and ScopeOut(r), an aerodynamic mirror system that enables drivers of cars, SUVs and minivans to see an enhanced panoramic rear view of oncoming traffic prior to backing out. For additional sales and product information visit www.sensetech.com.
This press release consists of 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. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and actual results could differ materially from those indicated by such forward looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.
Sense Technologies... "Looking Forward In Reverse"
Sense Technologies Inc. Stephanie Burchfield, Media Relations 480-460-4111 bwpr*att.net Lowell Martinson, Vice President of Operations 480-474-4309 sensetech*wydebeam.com
(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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Transax International Reports Record Third Quarter Results 11/20/2006
Transaction Volume and Revenues Reach Record Levels
MIAMI, FL, Nov 20, 2006 (MARKET WIRE via COMTEX News Network) -- Transax International Limited (Transax) (OTCBB: TNSX), a network solutions company for healthcare providers and health insurance companies, today reported record financial results for the third quarter ended September 30, 2006.
For the quarter ending September 30, 2006, Transax generated net revenues of $1,115,930 compared to $948,993 during the third quarter of 2005, a 17.6% increase. The increase in revenue was reflected by continued growth in real-time transactions and continued installation of our software and services. Transaction volume increased to 2.04 million for the third quarter of 2006, an approximate 16.5% increase from 1.75 million in the third quarter of 2005.
Loss from operations in the third quarter of 2006 was $206,809 compared with $9,671 during the same period in 2005. Net loss for the third quarter of 2006 was $623,578 or ($0.02) per share, compared with a net loss in the third quarter of 2005 of $317,780, or ($0.01) a share. The Company incurred $1,322,739 in operating expenses for the third quarter of 2006, compared to $958,664 during the same period in 2005. The increase in operating expenses was due in part to higher product support services resulting from the increase in revenue, as well as higher professional and administrative costs.
For the nine months ended September 30, 2006, revenues were $3,131,832 compared to $2,450,424, an increase of 27.8%. Operational losses for the first nine months of 2006 were $3,684,533 compared to $2,554,988. Net loss for the first nine months of 2006 was $2,617,668, or ($0.08) a share compared to $583,641, or $(0.02) a share for the same period in 2005. The increase in net loss relates to the classification of the embedded conversion feature and related warrants issued in connection with our "Series A" preferred stock debenture payable as a derivative instrument.
Stephen Walters, President & CEO of Transax, stated, "Our revenues and transaction volume continued their steady rise during the quarter and our year over year growth remains strong." Mr. Walters continued, "During the first nine months of 2006, we executed over 5.8 million transactions compared to 4.78 million in 2005, an increase of over 21%."
About Transax International Limited
Transax International is an emerging network solutions provider for the healthcare sector. Utilizing its proprietary MedLink(TM) technology, Transax provides a service similar to a credit card processing for the health insurance and providers industries. A Transax transaction consists of: approving eligibility, authorization, auto-adjudication of the health claim and generating the claim payable files -- provided instantaneously in "real time" -- regardless of method of claim generation.
Transax's solutions have been proven to significantly decrease health insurance claim expenditures and healthcare provider costs. Based in Miami, FL, Transax maintains a major operations office in Rio de Janeiro, Brazil with approximately 35 staff. The Company has contracts in place with major health insurers in Brazil for up to 2,500,000 transactions per month and currently executes approximately 700,000 transactions per month, for which Transax receives approximately $0.55 cents per transaction.
SAFE HARBOR STATEMENT "THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE COMPANY'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN."
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Company Achieves Positive Adjusted EBITDA for Second Consecutive Quarter
IRVINE, Calif., Nov 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- DynTek, Inc. (OTC Bulletin Board: DYNK), today announced results for its first fiscal quarter ended September 30, 2006.
"This quarter marks the second consecutive quarter of positive adjusted EBITDA, which demonstrates that our business plan is driving sustainable results," said Casper Zublin, Jr., DynTek's chief executive officer. "Overall, we are pleased with the direction of the business. Our recent acquisitions of TekConnect and Sensible Security Solutions have helped us achieve additional critical mass in several core geographies and expand our technical and sales capabilities. We will continue to evaluate acquisition opportunities that can bring immediate economic value to the business and positively impact the bottom line. In addition, our organic growth, healthy balance sheet and decreasing G&A costs are all leading indicators that we have the financial foundation to support our future growth plans."
First Quarter Results
Excluding one-time and non-cash expenses, the company reported positive adjusted EBITDA of approximately $208,000 for the three months ended September 30, 2006, as compared to negative adjusted EBITDA of approximately $291,000 for the same period in the prior fiscal year.
For the three months ended September 30, 2006, our revenues decreased to approximately $21,777,000 from approximately $23,435,000 for the three months ended September 30, 2005. The decrease of $1,658,000, or 7%, is principally attributable to the winding down of activities in our former Business Process Outsourcing segment of $985,000 and a decline of $673,000 in our IT solutions business.
Gross profit decreased from $4,114,000 in the quarter ended September 30, 2005 to $3,616,000 in the quarter ended September 30, 2006, a decrease of 12%. Gross margin declined slightly from approximately 18% in the quarter ended September 30, 2005 to approximately 17% for the same period in 2006 as a result of a change in our product/services revenue mix. Our services margin remained approximately the same at 29% for the two comparative periods while our product margins improved slightly from 12% to 13% as a result of qualifying for certain vendor rebate programs. Product margins are subject to competitive pricing pressures and fluctuate from period to period depending on the mix of products the company provides. We intend to meet the challenges of aggressive price reductions and discount pricing by certain product suppliers by focusing our offerings around relatively higher margin practice areas, including security solutions, Voice-over-IP, and access infrastructure. There can be no assurance that we will be able to improve profit margins, especially for our sale of products, and compete profitably in all areas, given the intense competition that exists in the IT industry.
General and administrative expenses decreased to approximately $1,343,000 for the three months ended September 30, 2006, from approximately $1,434,000 for the three months ended September 30, 2005. As a percent of revenues, general and administrative expenses remained unchanged between the two periods at approximately 6%. The decrease is due to restructuring and cost reduction programs implemented in 2005 offset by a $328,000 non-cash expense for stock option grants, the value for which was calculated using a black scholes pricing model on the fair value of the options on the date granted.
The company realized a net loss for the three months ended September 30, 2006 of $2,584,000 compared a net loss of $1,682,000 for the three months ended September 30, 2005. Loss from operations during the three months ended September 30, 2006 includes depreciation and amortization expense of $693,000, non-cash stock based compensation expense of $528,000, and interest expense of $1,554,000 (including non-cash interest of $1,150,000). Loss from operations during the three months ended September 30, 2005 includes depreciation and amortization expense of $730,000, non-cash stock based compensation expense of $205,000, and interest expense of $734,000 (including a non-cash portion of $185,000).
The Company defines EBITDA as net income (loss) before interest, taxes, depreciation and amortization, goodwill impairment charges, and non-cash expense for securities. Other companies may calculate EBITDA differently. Although EBITDA is a widely used financial indicator of a company's ability to service debt, it is not a recognized measure for financial statement presentation under GAAP. EBITDA should not be considered in isolation or as superior or as an alternative to net income (loss) or to cash flows from operating activities as determined in accordance with generally accepted accounting procedures. Nonetheless, the Company believes that EBITDA can be a useful supplemental tool for investors and others to measure operating performance, especially in situations where a company has significant non-cash operating expenses. EBITDA is widely used in the IT services industry to analyze comparable company performance, and management of the Company also uses EBITDA, in addition to GAAP information, as a measure of operating performance for assessing its business units as well as completed and potential acquisitions.
DYNTEK, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Unaudited Adjusted EBITDA Presentation (in thousands)
Three Months Ended September 2006 2005 Total revenues 21,777 23,435 Total cost of revenues 18,161 19,321 GROSS PROFIT 3,616 4,114 Total operating expenses 3,408 4,405 Adjusted EBITDA 208 (291)
Depreciation and amortization 693 730 Stock-based compensation 528 205 LOSS FROM OPERATIONS (1,013) (1,226)
OTHER INCOME (EXPENSE): Interest expense (1,554) (734) Interest income 19 9 Gain on marketable securities -- 54 Other income (expense) 2 (1) Total other income (expense) (1,533) (672)
LOSS FROM CONTINUING OPERATIONS $(2,546) $(1,898) INCOME TAX 38 -- Gain on disposal of discontinued operations -- 216 NET LOSS $(2,584) $(1,682) OTHER COMPREHENSIVE, NET OF TAX Foreign currency translation gain 12 -- COMPREHENSIVE LOSS (2,572) (1,682)
About DynTek
DynTek is a leading provider of professional technology services to mid-market companies, such as state and local governments, educational institutions and commercial entities in the largest IT markets nationwide. The company offers technology practices in IT security, advanced network infrastructure, voice over internet protocol ("VOIP"), and access infrastructure. DynTek's multidisciplinary approach allows our clients to turn to a single source for their most critical technology requirements. For more information, visit www.dyntek.com.
This press release contains certain 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, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that certain statements in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors. Such uncertainties and risks include, among others, success in reaching target markets for services and products in a highly competitive market and the ability to maintain existing and attract future customers; the ability to finance and sustain operations, including the ability to comply with the terms of working capital facilities and/or other term indebtedness of the Company, and to extend such obligations when they become due, or to replace them with alternative financing; the ability to raise equity capital in the future; the ability to achieve profitability despite historical losses from operations; the ability to maintain business relationships with IT product vendors and the ability to procure products as necessary; the size and timing of additional significant orders and their fulfillment; the continuing desire of and available budgets for state and local governments to outsource to private contractors; the ability to successfully identify and integrate acquisitions; the retention of skilled professional staff and certain key executives; the performance of the Company's government and commercial technology services; the continuation of general economic and business conditions that are conducive to outsourcing of IT services; the ability to maintain trading on the NASD OTC Bulletin Board or other markets in the future; and such other risks and uncertainties included in our Annual Report on Form 10-K filed on October 13, 2006, our Quarterly Report on Form 10-Q filed on November 20, 2006 and other SEC filings. The Company has no obligation to publicly release the results of any revisions, which may be made to any forward-looking statements to reflect anticipated or unanticipated events or circumstances occurring after the date of such statements.
SOURCE DynTek, Inc.
Linda Ford of DynTek, Inc., +1-949-271-6705, linda.ford*dyntek.com http://www.dyntek.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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Mesa Offshore Trust Announces No Trust Income for November 2006 11/20/2006
AUSTIN, Texas, Nov 20, 2006 (BUSINESS WIRE) -- Mesa Offshore Trust (OTCBB:MOSH) announced that there will be no Trust income distribution for the month of November 2006 for Unitholders of record on November 30, 2006.
The Trust did not receive any Royalty income from the Working Interest Owner for the month of November 2006. As of September 30, 2006, there was a deficit balance due to the Working Interest Owner of $848,519, which will be deducted from any future gross proceeds on the Royalty properties, which deduction will reduce future Royalty income. The amount withheld of gross proceeds on the Royalty properties by the Working Interest Owner for future abandonment costs during the month of November 2006 was $0. As of November 30, 2006 the Working Interest Owner estimates that the abandonment accrual for amounts expended but not recouped and for projected future abandonment expenses for the properties in which the Trust has an interest is $1,400,000, net to the Trust. These costs will be deducted from any future gross proceeds on the Royalty properties, which deductions will reduce future Royalty income. In addition, as of September 30, 2006, $919,911 will be withheld by the Trustee from future Royalty income before Trust distributions to the unitholders will resume. Trust expenditures for the month of November 2006 will be approximately $105,000. Trust expenditures in excess of royalty income received will reduce the Trust's reserve for Trust expenses. As of October 31, 2006, the reserve for Trust expenses, excluding interest receivable, was approximately $993,000.
The extent of future distributions from the properties in which the Trust has an interest will continue to be dependent on normal factors associated with oil and gas operations such as oil and gas production levels, prices and associated cost, accruals for future abandonment costs, timing and extent of capital expenditures.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Hudson's Grill Announces the Closing of a Hudson's Grill in Simi Valley, California 11/20/2006
DALLAS, Nov 20, 2006 (PrimeZone Media Network via COMTEX News Network) -- Hudson's Grill International, Inc. (OTCBB:HGIIA), based in Dallas, Texas, announced today that on November 11, 2006, Davis Beckham, its franchisee in Simi Valley, California, confirmed that he had closed permanently the Hudson's Grill restaurant in Simi Valley California, that he operated.
He said that the reason for closing was increased competition, especially from a new shopping mall that has opened near the franchisee's shopping center and that has drawn off customers from the shopping center.
Hudson's Grill International is a public company; the company's class A common shares are currently being quoted and traded over the counter on the bulletin board under the NASD symbol HGIIA.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995.
"This press release may contain forward looking statements relating to future events or future financial performance that involve risks and uncertainties. Such statements can be identified by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms or comparable terms. These statements are only predictions and actual results could differ materially from those anticipated in these statements based upon a number of factors including those identified in the Company's filings with the SEC."
Hudson's Grill International, Inc. Robert Fischer 214-361-7301 getinfo*hudsonsgrill.com
(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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Cardinal Communications Reports $9.9 Million Third Quarter Revenue 11/20/2006
- 96% Increase in Revenue Versus Comparable Year-Ago Period -
BROOMFIELD, Colo., Nov 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Cardinal Communications, Inc. (OTC Bulletin Board: CDNC), a diversified provider of bundled digital communications and video-on-demand services, and a specialized developer of residential real estate, reported financial results for the third quarter ended September 30, 2006.
Cardinal Communications continues its tremendous strides with record third quarter revenue increases of 96 percent to $9.9 million versus revenue of $5.1 million in the third quarter of 2005. Loss from operations was $690 thousand versus a loss from operations of $1.84 million in the third quarter a year ago. Net loss from continuing operations was $894 thousand, or $0.002 per share, versus a net loss from continuing operations of $2.35 million, or $0.009 per share, in the comparable year-ago quarter.
Despite current real estate market trends, our sales increased significantly during the third quarter as compared to the year-ago period. In addition to the revenue increases, our overall operating expenses decreased as compared to the prior year quarter by approximately $1.8mm, representing a 55% reduction. As a percentage of revenue, our operating expense was 15% for the third quarter of 2006 as compared to 64% for the third quarter of 2005. This is a result of the cost reduction actions taken by Cardinal Communications in 2006 and by the significantly increased revenues during the quarter.
Management continues its commitment to increasing revenue, streamlining operations and achieving improved financial performance. We continue to pursue huge strides towards the goal of increasing shareholder value.
About Cardinal Communications, Inc.
Cardinal Communications operates a suite of vertically integrated businesses that provide both bundled digital communications services (voice, video, video-on-demand and high-speed Internet) and high-quality real estate to the residential marketplace. The Company's expertise in communication infrastructure and turnkey residential development allows Cardinal to capitalize on growing demand among homebuyers for modern residences that are pre-equipped with a range of digital communications options. The Company is also partnering with other developers that seek Cardinal's expertise in designing, building and operating residential communication networks that will deliver long-term revenue opportunities. Based in Broomfield, Colo., publicly traded Cardinal trades on the Bulletin Board under the symbol "CDNC." For more information, visit the Company's corporate website at www.cardinalcomms.com
SAFE HARBOR STATEMENT: Some information in this release is forward looking. These forward-looking statements may be affected by the risks and uncertainties in Cardinal Communications and its subsidiaries and divisions. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of Cardinal Communications' Securities and Exchange Commission filings. Cardinal Communications wishes to caution readers that certain important factors may have affected and could in the future affect its actual results and could cause actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of Cardinal Communications. There are many factors that will determine whether Cardinal Communications will be successful in its endeavors, including, without limitation, access to adequate capital and consumer acceptance of its telecommunications service offerings. Cardinal Communications undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.
Contact: D. Brian Karr, Chief Financial Officer Cardinal Communications, Inc. 303-285-5353
SOURCE Cardinal Communications, Inc.
D. Brian Karr, Chief Financial Officer of Cardinal Communications, Inc., +1-303-285-5353 http://www.cardinalcomms.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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Manaris Corporation Reports Solid First Quarter Revenue Growth 11/20/2006
- Revenues increase 89% and operating losses decrease by 61% as compared to the same period last year - Avensys subsidiary fuels growth in revenues and turns a profit - Cash burn decreases
MONTREAL, CANADA, Nov 20, 2006 (CCNMatthews via COMTEX News Network) -- Manaris Corporation (OTCBB:MANS) (FRANKFURT WKN:A0F5LD) has announced its financial results for the Company's first fiscal quarter ending September 30, 2006.
Revenues for the quarter increased by 89% to $3.76M as compared to the same period last year. This growth is attributable to revenues generated by Avensys, one of Manaris' two operating subsidiaries. For the quarter ended September 30, 2006, we reduced our loss from operations by 61% to $0.59M as compared to a loss from operations of $1.5M for the same period in fiscal 2006.
Net cash used in operating activities was $1.66M for the three month period ending September 30, 2006, as compared to $0.61M for the same period last year. Of the $1.66M, $1.26M was used to reduce accounts payable. In addition, only $0.11M was used for operating activities, as compared to $0.73M for the same period a year earlier.
Net loss applicable to shareholders was $0.22M for the quarter ended September 30, 2006 as compared to $3.31M for the same period in 2005. This amount, however, was affected by the addition of derivative financial instruments to our balance sheet resulting from two activities: our acquisition of the assets of ITF Optical in 2006 and the August 2006 convertible note financing. With these transactions, we incurred liabilities that are treated as derivative financial instruments ("derivative liabilities"). These derivative liabilities are measured using the Black-Scholes option pricing model, and are therefore sensitive to share price fluctuations. At September 30, 2006, our share price had decreased to $0.23 per share. This change in share price significantly affected the fair values of the derivative liabilities on our balance sheet and reduced our net loss by $0.76M. If we were to exclude the gain from changes in fair values of these derivative liabilities, our net loss would have been $0.99M for the quarter ending September 30, 2006.
Avensys Technologies, a division of our Avensys subsidiary, which produces optical components and modules for the telecom and optical sensor markets, continues to experience strong profitable growth. Avensys' acquisition of ITF Optical provided this division with the platform for operational synergies and competitive advantages.
Avensys Solutions, the other division of Avensys, which provides environmental solutions and instrumentation, was a strong contributor to improved margins. Avensys Solutions has developed the "Intelligent Bubbler System" for the automated measurement of surface and ground water levels. This system was developed in conjunction with Hydro Quebec, one of Canada's leading providers of hydroelectricity. Avensys Solutions intends to be active in consolidation activities in the sector while growing its distribution channels and product offerings through merger and acquisition activities. In addition, it expects to further integrate capabilities and services to its core products.
Manaris' other subsidiary, C-Chip Technologies (North America), spent considerable efforts during the quarter on the development of a resellers network for the distribution of its GSM-based Credit Chip 200 to the "buy here, pay here" market. C-Chip currently has 17 resellers in the United States.
CONTINUED GROWTH AND FOCUS
In announcing the results, John G. Fraser, President and Chief Executive Officer said, "We have realized significant improvements during this first quarter of 2007 and expect this trend to continue as some cost reduction measures will not take effect until subsequent quarters. We are pleased that our Avensys subsidiary turned a profit and experienced a 92% increase in revenues to $3.67M from $1.91M for the same period last year."
He continued: "During the quarter, our CFO resigned effective September 30, 2006 and has been replaced by the Company's Controller, Tony Giuliano. We also appointed Marie-Annick Riel as President of C-Chip Technologies (North America) on October 1, 2006, following the resignation of Claude Arbour. Ms. Riel also leads the Avensys Solutions division of Avensys."
CONFERENCE CALL
Manaris Corporation will hold a conference call to discuss these results on Wednesday, November 22 at 11 A.M. Eastern Standard Time. Interested parties can join the call by dialing 514.807.8791 or 800.733.7560. Overseas callers must dial 001.514.807.8791. If you are unable to call in at this time, you may access a copy of the call by visiting the Company's website www.manariscorp.com.
ABOUT MANARIS CORPORATION
Manaris Corporation operates two wholly-owned subsidiaries. Our Avensys subsidiary, through its Avensys Technology division, is a recognized world leader in providing high quality fiber optic components & sensors to businesses in Asia, Europe and North America with. Its other division, Avensys Solutions, provides environmental monitoring solutions and services, including the monitoring of air, water and soil, to industrial and public sector organizations across Canada. Our other subsidiary, C-Chip Technologies (North America), offers products and services to the credit management market for new and used cars. Its technology allows credit providers to remotely locate and disable the operation of any vehicle in the event of a delinquent payment.
FORWARD-LOOKING-STATEMENT: Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks uncertainties, including the effect of changing economic conditions, competition within the credit and security industry, customer acceptance of products and other risks and uncertainties. Such forward looking statements are not guarantees of performance, and Manaris Corporation results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release and Manaris Corporation undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.
SOURCE: Manaris Corporation
Manaris Corporation Mr. John Fraser President and CEO 514-337-2447 Zenergy Communications Linda Farha 514-273-4034 linda*zenergycom.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
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RFID, LTD. Interview Featured alongside Boeing Co., Checkpoint Systems Inc. on WallSt.Net 11/20/2006
DENVER, Nov 20, 2006 (BUSINESS WIRE) -- Nicholas Chavez, President of RFID, LTD. (OTC:RFDL), will be on-air for an exclusive interview with Bobby Ilich of the WallSt.net team. The interview is set to air Monday, November 20, 2006, at 8:00 p.m. Mountain.
In the interview, Nicholas Chavez discusses target markets, trends, the RFID management team and milestones the company expects to encounter over the next 12-18 months.
Over the past 10 days, WallSt.net has interviewed executives from Boeing Co. (NYSE:BA), Checkpoint Systems (NYSE:CKP), and RFID, LTD. alliance member Advanced ID Corporation (OTC:AIDO).
RFID, LTD. (OTC:RFDL) is the world leader in formulating, testing and deploying vendor-neutral UHF radio frequency identification (RFID) solutions for small to medium-sized businesses required to comply with Wal-Mart, Target, Best Buy, Albertsons, Home Depot and Department of Defense RFID-compliance mandates.
About WallSt.net
www.wallst.net is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. The website is a leading provider of financial news, media, tools and community-driven applications for investors. www.wallst.net offers visitors free membership to its in-depth executive interviews, exclusive editorial content, breaking news, and several proprietary applications.
All company and product names may be trademarks of the respective companies with which they are associated.
Forward-Looking Statements
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
SOURCE: RFID, LTD.
RFID, LTD. Jonas Olmstead, 888-600-RFDL ir*rfid-ltd.com
Copyright Business Wire 2006
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National Hyperbaric Rehab Announces New Positions Jerry N. Gines Becomes Chairman of the Board, with Teri Rich as the Director of New Market Development
SALT LAKE CITY--(BUSINESS WIRE)--National Hyperbaric Rehab Center, Inc. “NHRC” (Pink Sheets: NHYB) today announced that Jerry N. Gines will become the new chairman of the board. Gines will also continue as the corporate president.
Teri Rich, the former chairman, resigned from the board and has agreed to stay on as the director of new market development. Kay Gines has become the executive vice president, and Curtis Cheney, COO, has been asked to sit on the board of directors.
Additionally, NHRC has hired Fred Ellsworth as the manager of information services. Ellsworth brings 28 years of experience with the Chevron Corporation, most recently as a senior analyst and network administrator at their El Segundo California Refinery. Also, Curtis Cheney, Nate Gines and Kody Stewart were certified by the National Board of Diving and Hyperbaric Medical Technology, as CHTs (Certified Hyperbaric Technologists) on November 20, 2006.
Statements contained in this press release that are not statements of historical fact are "forward-looking statements" as that term is defined under federal securities laws, including, without limitation, all statements concerning expectations, beliefs, goals, intention or strategies for the future of National Hyperbaric Rehab Center, Inc. Forward-looking statements may be identified by words such as "goals," "plans," "believes," "will," "expects" and other words of similar meaning used in conjunction with, among other things, discussions of future operations, financial performance, product development and new ventures. Many factors could cause actual events or results to differ materially from those expressed in any forward-looking statement. Investors are cautioned not to place any undue reliance on any forward-looking statements.
Contacts National Hyperbaric Rehab Center, Inc. Jerry N. Gines, 801-964-2008 (Media)
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Sulja Bros. Announces CEO Petar Vucicevich Resigns Tuesday November 21, 6:00 am ET
WINDSOR, ON--(MARKET WIRE)--Nov 21, 2006 -- Sulja Bros. Building Supplies, Ltd. (Other OTC:SLJB.PK - News) Today announces the resignation of Petar Vucicevich as CEO of Sulja Bros. Building Supplies Ltd. A spokesman said, "A mutual agreement has been reached between Sulja Bros. Building Supplies Ltd. and Petar Vucicevich which will facilitate his resignation. In light of recent press, we all felt that it would be best for the company and all the shareholders that Steve Sulja, a current director of Sulja Bros. Building Supplies Ltd., be reinstated as CEO effective immediately. Sulja Bros. Building Supplies Ltd. in no way endorses the allegations made against Petar Vucicevich, and we are thankful for the work that Mr. Vucicevich has done for our organization." Steve Sulja stated, "After numerous meetings in the past five days, it was simply felt that I accept his two month premature resignation. Along with Petar Vucicevich, Kore International Management Inc. will no longer have a roll in the management process of SLJB.
"Mr. Vucicevich has insisted all documentation and communication involving Mr. Vucicevich, SLJB shareholders, transfer agent, and all other parties involved regarding SLJB be provided to our attorneys for their review.
"I will hold the position of CEO until such time as a new board of directors can be elected by our shareholders, as laid out by Mr. Vucicevich. I ask you to be patient with me, as I will be posting a statement shortly. Mr. Vucicevich also assures us that he will remain available in the future for all questions, should it arise. I apologize, I will not be taking any phone calls at this present time, we will be communicating with our shareholders strictly through our website, and through our press releases. We all feel that this is an unfortunate turn of events, and hope that this will restore confidence in our shareholders of SLJB."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Source: Sulja Bros. Building Supplies Ltd.
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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EQBM (.009) announces NOBO Report Results and verified large Short position
PR Newswire "US Press Releases "
CHEYENNE, WY, Nov. 21 /PRNewswire-FirstCall/ - Equitable Mining Corp. (EQUITABLE), a resource company trading as EQBM on PinkSheets.com and E5W on the Frankfurt Exchange, has received its NOBO report (Non-Objecting Beneficial Owners) and has compared it to the DTC and transfer agent shareholders lists.
After extensive comparisons of the NOBO list with known share counts, management has determined that there is an identified Shorted Share count of over 100 millions shares. The tradable float is approximately 100 million shares when all restricted shares are accounted for. Currently the NOBO report shows over 200 millions shares being owned which clearly identifies a potential short position of approximately 100 million shares. Additionally, an OBO report is being ordered immediately to account for other potential shares. This could further increase the shorted position.
In addition to this known verified short position, management has verified at least three other individually known shareholder cases where share counts were not reported back properly on the NOBO list. The discrepancy in these three cases lessens the NOBO totals by up to an additional 18 million shares and potentially increasing the shorted share count. Management feels there could be others who have requested to be on the NOBO list whose shares are not showing up properly which makes the potential of shorted share amounts to be significantly larger than reported here.
The company also would like to state that the current shares outstanding are 454,000,000 fully diluted. The company plans to retire a minimum of 50 million shares in the near future. The company has no current plans of financing or any dilution of its share capital except for a possible acquisition or a major joint venture.
"Short selling, especially 'naked' short selling is a drain on the investment community and takes millions of dollars from investors. It also significantly reduces the ability of small cap companies to raise capital for their operations. By identifying that there is a short position, we hope to address the issue and see a more accurate share price," stated Larry Skolnik, President of Equitable Mining Corporation.
Equitable management is taking steps to build shareholder value, and to start to force the large position of shorts to cover. The company has announced a Dividend and Warrant Offering that management believes will build extensive shareholder value. Full details of this offering will follow shortly.
About EQUITABLE
Equitable Mining Corporation is a rapidly expanding company focused on acquiring, exploring, developing and extracting mineral rights worldwide. Projects include the Bonanza Property in Canada's high-yield Red Lake Gold Camp, an acquisition in progress in Colombia, a memorandum of understanding for a precious metals mine in China, and ongoing acquisition programs in mineral-rich areas of North America, South America and Australasia. The company is leveraging its deep industry expertise and extensive contacts to recruit mining industry veterans and expand its search for quality gold and other precious metals-bearing properties in the Americas and Australasia. For more information visit www.equitablelifeinvestments.com.
Safe Harbor
Certain statements above constitute forward-looking statements with respect to MEM Financial Solutions and affiliated companies. Such forward- looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the companies to be materially different from any further results, performance or achievements expressed or implied by such forward-looking statements.
SOURCE Equitable Mining Corp.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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CKEI (.0022) Revenue Continues to Increase with $436,236 Generated in October
Business Wire "US Press Releases "
MOUNT VERNON, N.Y.--(BUSINESS WIRE)--
Clickable Enterprises, Inc. (OTCBB:CKEI), the first Internet-based home heating oil company, announced today that it generated $436,236 in revenue for October, compared with $293,798 generated in October 2005, representing a 48% increase. 210,267 gallons of oil were sold, compared with 129,789 gallons sold in October 2005, for a 62% increase. Gross profit was $67,556 compared with $45,559 in October 2005, representing a 48% increase.
Nicholas Cirillo, Jr., president of Clickable Enterprises, said, "Our continued monthly increase in revenue demonstrates the value of our business model and reflects the consumer's need to switch to lower-cost providers of home heating oil." Adding, "We are pleased with October's financial results and expect sales to remain high as we enter the winter season."
Clickable Enterprises is committed to providing low-cost and efficient heating oil services, as it continues to grow along the East Coast through marketing efforts, including its sponsorship agreement with Google, Inc. (NASDAQ:GOOG), the world's largest Internet search engine, promotions and acquisitions.
About Clickable Enterprises, Inc.
Clickable Enterprises, through its wholly owned subsidiary, ClickableOil.com, Inc., is the first Internet-based home heating oil company to offer customers affordable home heating oil and related services. Based in Mount Vernon, New York, ClickableOil.com specializes in price control, risk management and product positioning, leaving the oil delivery and services to specially chosen vendors. The company currently operates in New York, New Jersey, Pennsylvania and Connecticut, and has a license to operate in Maryland. For more information visit www.clickableoil.com.
This release and oral statements made from time to time by the Company's representatives concerning the same subject matter may contain "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by introductory words such as "expects," "plans," "intends," "believes," "will," "estimates," "forecasts," "projects" or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Many factors may cause actual results to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. Known risks and uncertainties include those identified from time to time in the reports filed by the Company with the Securities and Exchange Commission, which should be considered together with any forward looking statement. No forward looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements.
Source: Clickable Enterprises, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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WNBD (.03) Winning Colours(R) Multi-Cleaner Arrives in the Carolinas
Market Wire "US Press Releases "
BARRIE, ON -- (MARKET WIRE) -- 11/21/06 -- Winning Brands Corporation (PINKSHEETS: WNBD) www.WinningBrands.ca announces that Winning Colours® Multi-Cleaner is being introduced to consumers and hardware retailers in the Carolinas by Monroe Hardware of Monroe, North Carolina. Monroe was founded in 1886 and is widely considered to have deep roots in the region. Monroe Hardware will be able to service retailers throughout the Carolinas from its 200,000 sq. ft. warehousing facility in Monroe.
This is Winning Brands' first South Eastern wholesale listing and provides Winning Colours® Multi-Cleaner with an additional warehousing, logistics and sales platform to service independent retailers in America's various regional markets. Days earlier a similar arrangement was announced with B.E. Atlas in Chicago. Winning Brands is in the initial phase of its business plan, introducing distributors of various kinds to Winning Colours® Multi-Cleaner in 2006 and early 2007 to carry out testing of the product and receive training in preparation for distribution to their retailers. The value-added approach of servicing independent retailers through distributors is considered by Winning Brands' management to be the basis of stable long term relationships throughout its markets geographically and demographically. This is instead of by-passing distributors to service retail accounts directly. The listing with Monroe is effective immediately.
Winning Brands' Sales Manager Lorne Kelly feels that America is starting to appreciate the benefits of Winning Colours® Multi-Cleaner in a number of markets. "When you have 1,000 cleaning uses in a single convenient solution, every home is a candidate for Winning Colours®," says Kelly. "Monroe Hardware is showing its leadership position by bringing Winning Colours® Multi-Cleaner in early to its region, ahead of others," he adds.
Winning Brands' CEO Eric Lehner considers it a good time to be launching environmentally responsible products. "Our company's view is that Climate Change is a real phenomenon, and that it's going to get worse before it gets better. All ecological inputs have to be considered carefully -- the environment is going to be under a lot of stress during the era of Climate Change," says Lehner, adding "We designed Winning Colours® to be as strong as a solvent, but benign in the environment where all chemicals end up." He concluded that "...our distributors and retailers are distinguishing themselves with a new solution to deal with traditional cleaning problems. That means clean with a clear conscience."
Winning Colours® Multi-Cleaner is an environmentally responsible clean-up solution that has come to the attention of professionals in the Paint and Home Improvement industry because of the product's ability to convert most oil-based and other complex stains into simple clean-up with plain water instead of harsh chemicals. The appeal of Winning Colours® Multi-Cleaner is not just its technical performance but also its kindness to skin -- a feature increasingly important to consumers and retailers. Winning Brands Corporation manufactures Winning Colours® Multi-Cleaner in North America for domestic and export needs. The company's mission is to replace hazardous chemicals in widespread use with safer alternatives. The company's product range includes consumer and industrial versions of Winning Colours® Multi-Cleaner as well as Solvent Free Solutions(TM) alternatives to toxic Dry Cleaning solvents and other environmental cleaning solutions.
Winning Colors is a Registered Trademark of Niagara Mist Marketing Ltd and used under licence. Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Winning Brands Corporation (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; and (iii) competitive factors and developments beyond the Company's control.
11 Victoria Street, Suite 220A Barrie, Ontario, Canada L4N 6T3 Tel (705) 737-4062 Fax(705) 737-9793 www.WinningBrands.ca
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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CKGR (.05) /Chilmark Entertainment Group, Inc. Finalize Plans for Palm Oil Production Nov 21, 2006 8:00:00 AM
NEW YORK, Nov. 21 /PRNewswire-FirstCall/ -- Integrated Bio-Energy Resources (OTC: CKGR) announced today that its management has returned from meetings in the Caribbean and South America. The meetings were designed to finalize plans with the governments, palm growers and engineers that are all part of the team that will realize the goal of making Bio-Diesel Fuel from the abundant palm oil resources in the region.
C.E.O. and President Scott Wagman stated; "The meetings couldn't have gone better and we are definitely on track to be in Bio Fuel production by third quarter 2007. We will have many more releases in the next few days that will more fully explain our totally integrated plan to be the regions largest Bio Diesel Fuel producer."
Chilmark Entertainment Group, Inc. has merged with Integrated Bio-Energy Resources, Inc. and the company will change the name and the symbol to reflect the true business of the company in the near future.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
Company Contact
Tom Dean
310-910-6597
SOURCE Chilmark Entertainment Group, Inc.
----------------------------------------------
Tom Dean for Chilmark Entertainment Group +1-310-910-6597
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DNAG (.0081) Announces German Business Partner First Human Study of Product to Prevent Migraines
Market Wire "US Press Releases "
SARASOTA, FL -- (MARKET WIRE) -- 11/21/06 -- DNAPrint Genomics, Inc. (OTCBB: DNAG) today announced that its German business partner, Biofrontera AG, in which the Company owns an approximate 10% stake, has received authorization to begin its first human study of its BF-1 drug, which is intended to prevent migraine headaches.
The trial is being supervised by Xeleron Inc., York, England and will be performed by Xendo Drug Development B.V. in the Netherlands. The goal of the study is to assess the rate at which applied BF-1 enters the blood stream, how long it is in the blood and the extent it will degrade before elimination. Provided that test persons will enroll as planned, Biofrontera expects preliminary results by the end of the year.
"The need for an effective preventative medicine for migraine headaches is obvious and enormous," stated DNAPrint Genomics President and Chief Executive Officer Richard J. Gabriel. "It is no small feat that Biofrontera has received approval from the German authorities to test this drug in humans. Given the time invested in the project and the talented team that has worked on the project thus far, we are confident the research will yield satisfactory results."
"We expect BF-1 to be effective in migraine prophylaxis without any relevant adverse side effects," commented Dr. Reinhold Gahlmann, Biofrontera's Head of Drug Development. "Our hope is that this initial clinical trial will provide information that is relevant for strategic planning and further development of BF-1."
BF-1 is the leading product of Biofrontera's maturing preclinical product portfolio of anti-inflammatory drugs.
Migraines are acute, periodically occurring attacks of very severe headache, usually affecting only one side of the head and often accompanied by nausea and vomiting. It is estimated that approximately 10-12% of the population in industrialized countries suffer from migraine attacks. Biofrontera believes that prophylactic treatment is indicated for the 10-20% of the patients with frequent attacks.
About Biofrontera AG
Biofrontera AG is specialized in the development of pharmaceutical products in the area of dermatology. The company is characterized by a broad, relatively close to the market product portfolio and a solid liquidity. Biofrontera is listed in the regulated market of the Düsseldorf stock exchange under the symbol B8F and the ISIN number DE0006046113.
About DNAPrint Genomics, Inc.
DNAPrint Genomics, Inc. (www.dnaprint.com) is a developer of genomics-based products and services in two primary markets: biomedical and forensics. DNAPrint Pharmaceuticals, Inc., a wholly owned subsidiary, develops diagnostic tests and theranostic products (drug/test combinations) using the Company's proprietary ancestry-informed genetic marker studies combined with proprietary computational modeling technology. Computational Biology and Pharmacogenomics services are also offered externally to biopharmaceutical companies. The Company's first theranostic product is PT-401, a "Super EPO" (erythropoietin) dimer protein drug for treatment of anemia in renal dialysis patients (with end stage renal disease). Preclinical and clinical development of all the Company's drug candidates will benefit from simulated pre-trials to design actual trials better and are targeted to patients with genetic profiles indicating their propensity to have the best clinical responses. DNAPrint is proud of its continued dedication to developing and supplying new technological advances in law enforcement and consumer ancestry heritage interests. Please refer to www.dnaprint.com for information on law enforcement and consumer applications which include DNAWITNESS(TM), RETINOME(TM), ANCESTRYbyDNA(TM) and EURO-DNA(TM). DNAWitness-Y and DNAWitness-Mito are two tests offered by the Company. The results from these tests may be used as identification tools when a DNA sample is deteriorated or compromised or other DNA testing fails to yield acceptable results.
Forward-Looking Statements
All statements in this press release that are not historical are forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, but not limited to, uncertainties relating to technologies, product development, manufacturing, market acceptance, cost and pricing of DNAPrint's products, dependence on collaborations and partners, regulatory approvals, competition, intellectual property of others, and patent protection and litigation. DNAPrint Genomics, Inc. expressly disclaims any obligation or undertaking, except as may be required by applicable law or regulation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in DNAPrint's expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements are based.
Company Contact: Richard Gabriel CEO and President 941 366-3400 or Ron Stabiner The Wall Street Group, Inc. 212-888-4848
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HGCP .06 significantly enhance the company's growth and ability to deliver robust shareholder value
Hansen Gray Strengthens Telecomm Position With Acquisition of DIRECTV Contract; Investment in Celsia Technologies Garners Major Return as Company Receives Largest Order in its History Tuesday November 21, 6:30 am ET Two Separate Developments Further Underscore Venture Capital Firm's Rapid Growth
LAS VEGAS, Nov. 21, 2006 (PRIMEZONE) -- Hansen Gray & Company, Inc. (Other OTC:HGCP.PK - News) (http://www.hansengray.com) a leading strategic venture capital firm, today announced two independent business transactions that significantly enhance the company's growth and ability to deliver robust shareholder value.
Hansen Gray has acquired two DIRECTV contracts
The two DIRECTV contracts and the firm's wireless agreements through GTG Consulting, a wholly owned subsidiary of Hansen Gray, enable the company to generate revenue and realize profits with little overhead and zero inventory.
DIRECTV sends the equipment directly to the customer and also sends the installer to the customer's home or place of business. The customer receives up to 4 free receivers, free basic installation and a free satellite dish. Hansen Gray receives upfront commission and residual income from the customers' accounts.
Celsia Technologies Hansen Gray's largest holding, has received a contract from Daesan IT Co. Ltd. (http://www.daesanit.co.kr), a leading distributor of graphics card boards, to be the exclusive buyer in the Korean market of the new Iceon 1000CG graphics cooler.
The contract is anticipated to amount to approximately $500,000 in revenue for Celsia over the next six months. Hansen Gray & Company's ownership stake in Celsia Technologies (8.6 million shares) is poised to yield significant returns.
Celsia introduced the industry's first graphics card cooling product with a patented micro thermofluidic core to enhance cooling system performance. As previously mentioned above, Celsia just announced its largest sale to date: Daesan IT Co. Ltd. (http://www.daesanit.co.kr), a leading distributor of graphics card boards, signed a contract to be the exclusive buyer in the Korean market of the new Iceon 1000CG graphics cooler. Daesan IT will incorporate the Iceon 1000CG into its graphics card boards for its customers in the high-performance market, including computer, design and graphics professionals and gaming enthusiasts. For more information visit http://www.celsiatechnologies.com.
Frank Weber, President of Hansen Gray said, ``We are excited by the opportunities of our DIRECTV contracts and the ability of Celsia to generate future revenue growth. These recent developments lend further credence to Hansen Gray's ability to garner significant returns on its investments and enhance shareholder value.'
About Hansen Gray and Company,Inc.
Hansen Gray and Company, Inc. (Other OTC:HGCP.PK - News) is a strategic venture capital firm that acquires or invests in companies, which through growth or acquisition, have the potential to become leaders in their respective markets. Please visit Hansen Gray at http://www.hansengray.com
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FLIP (.047) Reports Third Consecutive Quarter of Profitability, Posts Record Sales and Earnings
Market Wire "US Press Releases "
TAMPA, FL -- (MARKET WIRE) -- 11/21/06 -- FTS Group, Inc. (OTCBB: FLIP) an acquisition and development Company, today announced record revenue and profits for the three and nine months ended September 30, 2006. Below are some of the highlighted results achieved during the first nine months of 2006:
-- Revenue for the nine months ended September 30, 2006 was a record $4,912,254
-- Net Income for the nine months ended September 30, 2006 was a record $131,669
-- EBITDA for the nine months of 2006 was a record $423,604
-- EBITDA for Q3 Surged to a record $166,895
-- Stockholders Equity for the first nine months of 2006 was a record $1,941,210
-- Liabilities dropped by $655,371 from Q2, 2006
-- FTS Wireless Sales surged over 40% year over year
FTS Group Chairman and Chief Executive Officer Scott Gallagher commented, "2006 has been a very successful, transformational year for our Company. In the first nine months of the year we have successfully integrated the acquisition of See World Satellites and turned a ($1,140,163) loss into a $131,669 net profit. We've increased stockholders equity from $212,411 at the end of 05 to nearly $2 Million at the end of Q3. Our balance sheet and net income has improved every quarter this year. The ongoing execution of our strategic initiatives has contributed to our third consecutive profitable Quarter." Gallagher went on to say, "Looking forward, we will remain focused on aggressively implementing our ongoing strategies including pursuing new revenue opportunities in our key markets, evaluating liquidity events, increasing our value proposition with new and innovative wireless offerings and continuing to increase operational efficiencies. We continue to seek accretive acquisition opportunities."
About FTS Group, Inc.
FTS Group, Inc. (OTCBB: FLIP) is a publicly traded holding company operating in the wireless industry through its wholly owned subsidiaries FTS Wireless, Inc. and See World Satellites, Inc. The Company operates through retail locations in Florida and Pennsylvania and globally over the Internet through its web sites www.FTSGroup.com,www.CellChannel.com,www.SeeWorld.biz and www.FTSWireless.com. For additional information about FTS Group, Inc. or any of its wholly owned subsidiaries please review the Company's quarterly, annual and other filings with the Securities and Exchange Commission at http://www.SEC.gov or contact the Company at the e-mail or phone number below.
Forward-Looking Statements
Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-K as filed with the Securities and Exchange Commission. Readers are cautioned not to place reliance on these forward-looking statements, which speak only as of the date hereof.
Contact: FTS Contacts:
Investors: www.FTSGroup.com Scott Gallagher CEO Voice: (215) 688-2355 e-mail: Email Contact
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
UDTT .0085 Reports Third Quarter 2006 Results Tuesday November 21, 7:01 am ET
Company Reports Highest Quarterly Revenue Since Entering the Bio-Defense Field
LOS ANGELES, CA--(MARKET WIRE)--Nov 21, 2006 -- Universal Detection Technology (OTC BB:UDTT.OB - News) is pleased to announce that its quarterly revenue for the quarter ended September 30, 2006, jumped to $111,015 from zero from the third quarter of last year. Furthermore, due to increased revenue and significant cost-cutting measures, for the quarter ended September 30, 2006, the loss per share has narrowed to .01 per share from .02 per share for the same period last year. The revenue in the quarter was derived primarily from the sale of two BSM-2000 anthrax detection systems sold to the British Government. ADVERTISEMENT
We are very pleased to have begun revenue recognition from the sale of our BSM-2000 anthrax detection systems for the first time since we began development of our anthrax monitors. BSM-2000 is UDTT's line of real-time bacterial spore detectors co-developed by NASA's Jet Propulsion Laboratory (JPL). The device is used to monitor the air continuously and to sound an alarm if elevated levels of spores such as anthrax are detected. UDTT holds an international exclusive license to the detection technology deployed in BSM-2000. The Company recently sold two units of BSM-2000 to the government of the UK and has begun marketing training videos related to emergency planning and preparedness and countering WMD threats.
About Universal Detection Technology
Universal Detection Technology is a developer of monitoring technologies, including bio-terrorism detection devices. The Company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the Company, in cooperation with NASA, has developed a bio-terror 'smoke' detector that detects certain biohazard substances. For more information, please visit http://www.udetection.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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GPS Industries, Inc. (GPSI) (OTCBB:GPSN), the leading innovator of Wi-Fi-enabled GPS systems for golf facilities and residential communities, today announced a dramatic increase in Third Quarter sales revenue. According to GPSI's latest Form 10-QSB, the Company achieved a 161% increase in Q3 sales, compared to the same period in 2005.
"Our results this past quarter are certainly impressive," says CEO and President Robert Silzer, Sr. "Based on our sales momentum and the activity in our pipeline I fully expect that growth trend to continue. The superiority of our technology is unquestioned and we have only just begun to amplify our marketing activities."
The positive revenue report follows closely on the heels of other material disclosures GPSI has made in recent weeks. In late October the Company announced the successful enforcement of its European patent rights via a UK court case originally brought in September 2005 against ProLink Solutions LLC. The suit resulted in a settlement of $1.2-M in license fees (being paid quarterly) to GPSI and has reinforced the Company's position against more than thirty other infringing parties around the world. Also, as recently as Friday, November 17, GPSI disclosed that it had paid out all its remaining financial obligations to entities controlled by NIR Group LLC.
"Earlier this year I had assured investors that 2006 would be a breakout year for GPS Industries," says Silzer. "While our second quarter results were admittedly underwhelming our performance this year remains strong and I look forward to further building on our accomplishments going forward."
About GPS Industries (GPSI)
GPS Industries, Inc. (OTCBB:GPSN) is the leading innovator of Wi-Fi-enabled GPS systems for golf facilities and residential communities. The company's patented INFOREMER-HD(TM) GPS Management System provides precise GPS distance information, a Wi-Fi communications network with asset tracking capabilities, augmented by a powerful suite of operations management tools and revenue generating modules. Central to the system's functionality are the choice of full-color cart-mounted and/or portable handheld display units, which have been recognized for their remarkably vivid graphics and visual impact. For additional information on GPSI and the INFOREMER-HD(TM) GPS Management System, please visit www.gpsindustries.com.
Forward-Looking Statements
Some statements contained in this release may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to generate revenues and other factors as described in the Company's literature and filings with the Securities and Exchange Commission.
Source: GPS Industries, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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International Broadcasting Corp. (OTCB:IBCS) today announced that it has entered into negotiations to acquire a privately held financial media company with television, web video and print content distribution.
Darrell Nether, President of IBC Radio Network said "This would be the Company's first acquisition in its corporate history. With the assistance our newly appointed Advisory Team, the Company has been seeking ways to enhance shareholder value through both organic growth, as well as mergers and acquisitions."
Mr. Nether further stated, "With traditional print magazines, tv and streaming web video, this is an ideal acquisition candidate for the Company to complement our existing core business of web based talk radio. If negotiations prove successful, we expect to enter into a Letter of Intent before the end of this year, at which time more details will be released, for a scheduled closing in January of 2007."
Mr. Nether concluded, "I also look forward to releasing newly added content and segment times. Additional information will be forthcoming as they are closed."
IBC has been executing on a newly implemented business plan that includes increased Company growth and exposure that new management and its newly appointed Advisory Team put in place in the last few months.
About IBCS: A Broadcaster and Holding Company
International Broadcasting Corp. owns and operates "Stock Talk LIVE," a fully interactive 7-hour long business radio talk show focused exclusively on small-cap stocks priced below $5. Since 2002, the show has been "on-the-air" each and every stock market day. Every show covers a wide spectrum of stocks, interesting and knowledgeable callers, and significant trading opportunities for both long and short-term perspectives. International Broadcasting is also a holding company, holding stock positions in many other young, progressive companies. For more information about International Broadcasting Corporation, please visit our main corporate website at www.IBCmedia.com.
Statements in this press release other than statements of historical fact are ``forward-looking statements.'' Such statements are subject to certain risks and uncertainties including the demand for the Company's services, litigation, labor market, and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission that could cause actual results to differ materially from any forward looking statements. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements. The disclaimer for sponsors is located at http://ibcnn.com/disclaimer.htm.
Source: International Broadcasting Corp.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Big Apple Wallcovering, Inc. and Plasticon International, Inc. Report Successful Showing to More Than 35,000 Attendees at International Hotel/Motel and Restaurant Show Tuesday November 21, 10:47 am ET
NEW YORK, NY--(MARKET WIRE)--Nov 21, 2006 -- Big Apple Worldwide, Inc. (Other OTC:BPWW.PK - News) is pleased to announce that their wholly owned subsidiaries, Big Apple Wallcovering, Inc., and Elabrient Surfaces, Inc., showcased their lines of exclusive wallcoverings, fabrics and surfacing products at the 91st Annual International Hotel/Motel & Restaurant Show in New York City. Jim Turek, CEO and President of Plasticon International, Inc. (Other OTC:PLNI.PK - News), represented SEMCO and presented their products at the Big Apple Worldwide booth to more than 35,000 attendees. Big Apple Wallcovering unveiled a striking, NYC-themed exhibit, featuring large-screen video demonstrations surrounded by digital video kiosks which showcased the 'No More Books' technology and Elabrient Surfaces, 'Touch Point Imagery.' Also among the products featured was SEMCO's innovative X-Bond system, a waterproof, lightweight, cementatious product that can be used to resurface virtually any surface.
"Big Apple Worldwide, Inc. is excited about the results from the International Hotel/Motel and Restaurant show. We are reviewing future prospects for possible agreements with Plasticon International, Inc. Our 'No More Books'(TM) campaign was a huge success and we look forward to announcing developments of new contracts and purchase orders," stated Neal Jablon, President of Big Apple Worldwide, Inc.
"We are very pleased with the results from the International Hotel/Motel and Restaurant show. There were over 35,000 people in attendance and the response was tremendous. We are pursuing possible leads from several companies and expect to announce related developments in the near future," stated Jim Turek, CEO and President of Plasticon International, Inc.
About Big Apple Worldwide, Inc.: Big Apple Worldwide, Inc. (www.bigappleworldwide.com) is a holding company focused on serving the hospitality and leisure market. Big Apple Wallcovering, Inc. (www.bigapplewallcovering.com) is a wholly owned subsidiary of Big Apple Worldwide and has inspired the Architecture and Design community with cutting-edge design and the manufacturing of architectural wallcovering and fabrics for hospitality, private offices and commercial interiors. Big Apple Worldwide, Inc. also recently purchased Elabrient Surfaces, which is a commercial interior design development and manufacturing company specializing in commercial wallcovering. Big Apple Travel, Inc. (www.bigappletravel.com), a wholly owned subsidiary of Big Apple Worldwide, Inc., is a full service travel agency and features a next generation travel salon in Orlando, Florida.
About Plasticon International, Inc.: Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting-edge design, engineering, and production of industrial and commercial products. Plasticon is a green company, environmentally friendly, using recycled plastics to produce its line of products.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASSUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
VALENCIA, CA, Nov 21, 2006 (MARKET WIRE via COMTEX) -- ConectiSys Corporation (OTCBB: CNES), a developer of automatic meter reading technologies, announced today that it has completed an agreement for a Strategic Alliance with Trimark Associates of Folsom, California. Trimark is licensed in California and other states to provide Meter Service Provider (MSP) and Meter Data Management Agent (MDMA) services to commercial, industrial and residential electric customers. Robert Spigno, the Company's President and CEO, commented that, "This Agreement between the two companies will allow Trimark to provide MDMA and MSP services for ConectiSys. These services will fill a need for ConectiSys and complete the triumvirate of services (meter technology, meter installation and data management and billing) required for ConectiSys to be a full-service AMR provider."
In addition to the MDMA and MSP services, Trimark and ConectiSys, under the guidelines of this alliance, have also agreed to pursue together the following areas of mutual interest:
-- A Joint Marketing effort whereby each company will identify commercial opportunities for each other's products.
-- Trimark currently builds electric revenue meters for large electric generation customers in California. ConectiSys and Trimark have agreed to form a Joint Venture to further develop these meters and their associated software for deployment throughout the Untied States.
Chairman Spigno further stated, "Trimark's industry related clients are significant and represent a fast track to market. It is anticipated that this relationship will reduce development and marketing costs while offering greater services, which is expected to increase opportunities for both companies." Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein and in the Monthly Report that 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: the level of cost-effectiveness and efficiency of the Company's H-Net(TM) automatic meter reading products or technologies; changes in the Company's policies regarding communications with shareholders and the general public; the success or failure of the Company's marketing efforts and the particular efforts to be employed; the Company's ability or inability to commercialize, sell, license or further develop its H-Net(TM) automatic meter reading products or technologies; and other risks detailed from time to time in the Company's periodic reports and other filings with the Securities and Exchange Commission.
Investor Relations: Luca S. Spigno InvestorRelations*ConectiSys.com (661) 295-6763 ext. 204
SOURCE: ConectiSys Corporation
CONTACT: mailto:InvestorRelations*ConectiSys.com
Copyright 2006 Market Wire, All rights reserved.
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