Equitable Mining Corp. (EQUITABLE) and SOMA Petroleum Limited (SOMA) creates dividend, warrants, and listing
Tuesday November 21, 4:21 pm ET
CHEYENNE, WY, Nov. 21 /PRNewswire-FirstCall/ - Equitable Mining Corp. (EQUITABLE), a resource company trading on Frankfurt Exchange: E5W and as EQBM on PinkSheets.com today passed a resolution by the board of directors regarding the dividend, warrants of SOMA Petroleum Limited (SOMA) payable to EQUITABLE shareholders of record date December 1, 2006.
The dividend will comprise of 1 common share of SOMA Petroleum Limited for every 50 shares of EQUITABLE owned by the holder, along with 1 warrant expiring on January 11th, 2007 and a second warrant expiring on February 10th, 2007 all subject to a four (4) month hold exercisable as determined by the board of directors and an evaluation.
SOMA Petroleum along with EQUITABLE are currently reviewing finalization of several key and strategic deals related to the resources market.
SOMA is expecting to file for a listing on an exchange prior to November 30th, 2006.
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.
Information presented in this newsletter 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 discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "projects," "foresee," "expects," "will," "anticipates," "estimates," "believes," "understands" or that by statements indicating certain actions "may," "could," or "might" occur.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Asia Global Holdings Corporation Posts Third Quarter Revenues of $2,017,736 Up 394% From Third Quarter 2005 11/21/2006
LOS ANGELES, Nov 21, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Asia Global Holdings Corporation (OTC Bulletin Board: AAGH) announced its financial results for the third quarter ended September 30, 2006 including quarterly revenue of $2,017,736, a 394% gain compared to $408,222 in revenues for the third quarter ended September 30, 2005.
The Company's profit before provision for income tax in the three months ended 30 September 2006 was $1,022,005.64. Fees in the sum of $1,643,750 paid in common stock, not cash, in the 3rd quarter offset the above-mentioned normal business operation results and brought about a net loss of $693,643 for the three months ended 30 September 2006. The fees were settled in the form of issuance of common stock resulting in no effect to the cash flow in the period.
The Company attributes its positive increase in profits from normal business operations to increased sales and profits in its media & advertising segment in China and Hong Kong, and tightly controlled expenses.
In the second quarter of this year the Company posted revenue and income growth with revenue and profits up 83% and 370% respectively over its 2005 second quarter.
Management has stated that it intends to continue its efforts to build Asia Global Holdings Corp. into an advertising, media, marketing and entertainment powerhouse in the booming China markets.
About Asia Global Holdings Corporation
Asia Global Holdings Corporation (OTC Bulletin Board: AAGH) has a strong focus on building business in China and other emerging regions and markets in Asia and worldwide. The company's present subsidiaries participate in media & advertising and marketing services. The Company has offices in the US, Hong Kong and China.
Forward looking Statements in this document that are not historical fact as "forward-looking statements" as that term is defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are based on trends that we anticipate in our industry and our good faith estimate of the effect on these trends of such factors as industry capacity, product demand, and product pricing. These statements are also subject to risks and uncertainties beyond our reasonable control that could cause of actual business and results of operations to differ materially from those reflected in our forward-looking statements. You may find all other information about Asia Global Holdings Corporation on the Securities and Exchange Commission website, WWW.SEC.GOV.
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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Advanced Plant Pharmaceuticals, Inc. Announces Debt Reduction Exceeding $1.5 Million
Wednesday, November 22, 2006 07:51ET
NEW YORK, Nov 22, 2006 (PrimeZone Media Network via COMTEX) -- Advanced Plant Pharmaceuticals, Inc. (OTCBB:APPI) announced today that the company has made significant progress in reducing debt. The company has negotiated with many of its debtholders to accept equity to retire the majority of the outstanding debt.
David Lieberman, CEO of Advanced Plant Pharmaceuticals, said. "We are very pleased to have retired more than $1.5 Million in debt to date. In addition, we are experiencing a great deal of success in negotiations with our remaining debtholders to accept our equity as payment for the remaining debt. We look forward to advancing the company's new business plan and building shareholder value. Debt reduction is an integral part of our plan to enhance our financial flexibility as we build the company."
To be added to APPI's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir*advancedplantpharm.com.
About Advanced Plant Pharmaceuticals, Inc. (http://www.advancedplantpharm.com)
Advanced Plant Pharmaceuticals, Inc. (APPI) focuses on the research and development of whole plant-based nutritionals. The company has a composition-oriented patent for a proprietary process of utilizing whole plants to safely manufacture all-natural nutritional supplements. APPI markets and distributes its line of products including Lo-Chol(tm) worldwide through various sales distribution channels.
"Safe Harbor Statement" Under The Private Securities Litigation Reform Act Of 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Advanced Plant Pharmaceuticals, Inc actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Veridien Launches New Antiseptic and Disinfectant Consumer Product Line in Anticipation of the Influenza Season: Opening Orders are $450,000 for Initial Distribution to 434 Retail Stores 11/22/2006
LARGO, Fla., Nov 22, 2006 (BUSINESS WIRE) -- Veridien Corporation (OTCBB:VRDE), through its wholly owned Canadian subsidiary Viraguard Canada Inc., is launching its Viraguard(R) consumer antiseptic and disinfectant product line in over 434 Canadian retail stores. Viraguard(R)'s patented technology platform allows it to deliver effective levels of disinfecting power making this a unique product line for consumers looking for a complete kit of household goods that helps enhance their family's cleansing, sanitizing and disinfecting routine.
The Viraguard(R) product line is planned to be featured in the Cough & Cold aisles of major Canadian retailers including Loblaws and Lawtons Drugstores. Initial orders from these retailers in excess of $500,000 CDN (approx. $450,000 USD) have already been received. Veridien is committed to growing its Viraguard(R) franchise and is currently working on a number of strategies that are intended to expand its presence in both the retail and institutional sectors of the Canadian and US markets.
Paul Dunnigan, Vice-President, Marketing Group, of Viraguard Canada Inc. said, "The Viraguard(R) antiseptic and disinfectant products are superb alternatives for consumers trying to deal with the anticipated onset of the cold and flu season. These are the right products, coming on to the market at exactly the right time."
The Company has initiated a family health program that is focused on raising public awareness about the benefits of integrating antiseptics and disinfectants as part of a consumer's cleansing routine, appropriately positioned as CLEAN HANDS + CLEAN HOUSE = FAMILY HEALTH. The Viraguard(R) products have been shown to be effective against a host of bacteria, viruses and other pathogens that have been known to compromise immunity and lead to debilitating diseases.
The Viraguard(R) infection control product line is available to health practitioners and industrial material managers through major distributors across the United States.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
Forward-looking statements in this press release (identifiable by such words as "believes", "expects", "planned") are made pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, market acceptance of, and demand for, the Company's products, manufacturing, development and distributor issues, product pricing, competition, funding availability, technological changes and other risks not identified herein. The Company disclaims any intent or obligation to update any forward-looking statements.
About Veridien Corporation
For more information about Veridien Corporation and it investments in future technology, please visit: www.veridien.com and www.mycosol.com.
SOURCE: Veridien Corporation
Veridien Corporation, Largo Cheryl Ballou, 727-576-1600 x202
Copyright Business Wire 2006
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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eCarfly, Inc. Begins Preliminary Merger Negotiations with a High Yielding Corporation
Wednesday, November 22, 2006 08:31ET
DALLAS, Nov 22, 2006 (BUSINESS WIRE) -- eCarfly, Inc. (Pink Sheets: ECFL) excitingly announced today that new merger plans are underway. Merger negotiations, although still early, seem to be clearly defined and agreed upon by both companies. Attorneys for both groups will begin the Due Diligence process as early as possible working to gather all information to help in the high level negotiation process. Board members for ECFL will also be looking at a possible reverse split with numbers reaching as high as 500 to 1. Company officials for both teams have expressed their excitement for the public and look forward to sharing the new business venture with all shareholders.
Desmond Milligan, CEO of eCarfly, stated, "Just a few days ago, I was saddened that the merger had fallen through with CompleteAuto and eAutoDrop. Now, I am completely overwhelmed knowing that ECFL has this golden opportunity to re-surface by possibly merging with a company that will create a safe haven for our investors. Saying this, I want the investors of ECFL to understand that my position with the company has always been focused on building a corporation that will create jobs and earn profits allowing investors the opportunity to share in the rewards while never jeopardizing our integrity."
About eCarfly, Inc.
eCarfly, Inc. has closed the Chicago Office and the Plano Office. The corporate office is being re-located to a new area in Dallas, TX and should re-open in the next couple of weeks. The new address and telephone number will be released to the public when the move is completed.
eCarfly provided individuals and automotive dealers a hassle-free and cost-effective alternative to sell their vehicles while reducing to zero traditional costs associated with the vehicle sales process!
eCarfly is currently focusing on new business ventures that will allow for new opportunities for shareholders.
Disclaimer
Matters discussed in this press release are "forward-looking statements." Statements describing company objectives are forward looking. Company's plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the company and market evaluations of its stock, which could cause actual results to differ materially from those anticipated.
Setbacks in the Investigation Into the 2001 Anthrax Attacks in the US 11/22/2006
LOS ANGELES, Nov 22, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Universal Detection Technology (OTC Bulletin Board: UDTT) -- "A Pakistani man implicated in Al-Qaeda's attempts to develop anthrax has been released without charge, another man held in Malaysia has not been formally charged and the investigation into the 2001 US anthrax attacks seems to have run out of steam," according to Jane's Intelligence and Insight on November 8, 2006. This is in light of disclosure in September 2006 that the FBI is convinced that the lethal powder sent to the Senate in 2001 was far less sophisticated than originally believed. It is also believed that the Ames strain of anthrax is much more widely available than initially believed.
In short, little is known about the culprits behind the 2001 anthrax attacks in the US and while there are no solid conclusions from ongoing investigations, the nation is at ever more risk of a bio-terrorist attack.
"Preparedness and response planning are important factors in reducing casualties of a terrorist attack with biological weapons. We are obviously at great risk and all signs indicate a high possibility of the US or its allies being targeted with a biological agent and anthrax is the most likely to be used," said Jacques Tizabi, UDTT's CEO. "Anthrax has previously been used on US targets and Japan and Russia have both historically had extensive research and development programs aimed at refining anthrax as a weapon. All the knowledge and stockpiles of this lethal agent are most likely still out there and organizations like Al-Qaeda are already proven to have pursued them. Our buildings, stadiums, airports and all other critical infrastructure need to be equipped with the right equipment and training, otherwise a potential anthrax attack can have devastating consequences beyond comprehension," he added.
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 www.udetection.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Copyright (C) 2006 PR Newswire. All rights reserved
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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ACTIS Global Ventures Announces Third Quarter 2006 Earnings Results: Quarterly Gross Profits Increased by 17%; Quarterly Sales Increased 26% PR Newswire - November 22, 2006 06:00
CARLSBAD, Calif., Nov 22, 2006 /PRNewswire-FirstCall via COMTEX/ -- ACTIS Global Ventures, Inc. (OTC Bulletin Board: AGLV), a publicly held Nevada corporation ("ACTIS," or the "Company"), reported consolidated results for the third quarter of 2006.
ACTIS reported consolidated net sales of $2,560,379 for the three months ended September 30, 2006, an increase of 26%, from $2,035,035 for the three months ended September 30, 2005. Consolidated net sales for the nine months ended September 30, 2006 increased to $8,212,859 from $5,584,291 for the same period in 2005, a 47% increase. The increase in sales in the three and nine month periods ended September 30, 2006 over the same periods in 2005 are primarily attributed to the continued growth of our BIOPRO Technology division.
Gross profits for the three months ended September 30, 2006 increased to $2,022,971 from $1,734,766 during the three months ended September 30, 2005, representing an increase of 17%. Gross profits for the nine months ended September 30, 2006 increased to $6,495,025 from $4,414,525 over the same period in 2005, an increase of 47%. The increase in gross profits in the three and nine months ended September 30, 2006 is directly attributable to the increase in sales in the 2006 periods over the 2005 periods.
Operating expenses for the three months ended September 30, 2006 were $2,554,930 compared to $2,157,875 for the three months ended September 30, 2005. Operating expenses for the nine months ended September 30, 2006 were $7,793,845 compared to $5,741,329 for the nine months ended September 30, 2005. The increase in operating expenses is due to increased sales commission expense on increased sales, as well as increased sales and marketing expenses due to efforts to promote BIOPRO Technology, and non-cash stock based compensation for finance and investor relations consulting services.
Consolidated loss from operations for the three months ended September 30, 2006 increased to $531,959 from $423,109 in 2005. Consolidated loss from operations for the nine months ended September 30, 2006 decreased to $1,298,820 from $1,326,804 in 2005.
Consolidated loss from continuing operations for the three months ended September 30, 2006 was $661,213, or $0.00 per share, compared to a consolidated loss from continuing operations of $828,300, or $0.01 per share, for the three months ended September 30, 2005. Consolidated loss from continuing operations for the nine months ended September 30, 2006 was $3,508,223, or $0.02 per share, compared to a consolidated loss from operations of $2,164,628, or $0.03 per share for the same period in 2005. Included in the net loss from continuing operations for the three and nine months ended September 30, 2006 are net other non-cash expenses of approximately $112,000 and $2,194,000, respectively, compared to net other non-cash expenses reported in the comparable 2005 periods of approximately $453,000 and $832,000.
In September 2006, the Company made the decision to discontinue the operations of BIOPRO Asia in the Philippines. Accordingly, results of this subsidiary for the 2006 and 2005 periods are reflected as discontinued operations. Consolidated loss from discontinued operations for the three months ended September 30, 2006 was $102,148, or $0.00 per share, compared to a consolidated loss from discontinued operations of $50,913, or $0.00 per share, for the three months ended September 30, 2005. Consolidated loss from discontinued operations for the nine months ended September 30, 2006 was $231,535, or $0.00 per share, compared to a consolidated loss from discontinued operations of $50,913, or $0.00 per share for the same period in 2005. Included in the net loss from discontinued operations for the three and nine months ended September 30, 2006 is loss on disposal of subsidiary assets of $37,384 which represents the write-off of the assets of BIOPRO Asia in the Philippines.
Consolidated net loss attributable to common stockholders for the three months ended September 30, 2006 was $763,361, or $0.00 per share, compared to a consolidated net loss of $879,213, or $0.01 per share, for the three months ended September 30, 2005. Consolidated net loss attributable to stockholders for the nine months ended September 30, 2006 was $3,739,758, or $0.03 per share, compared to a consolidated net loss of $2,215,541, or $0.03 per share for the same period in 2005. Net loss decreased by $115,852 for the three months ended September 30, 2006 compared with the same period in 2005 due to lower net other non-cash expenses, partially offset by higher operating expenses, losses on minority interest compared with gains in the same period of 2005, and higher loss on discontinued operations. Net loss increased by $1,524,217 for the nine months ended September 30, 2006 over the comparable period in 2005 due to higher net other non-cash expenses and higher loss from discontinued operations.
Commenting on the Q3 2006 results, Ray W. Grimm, ACTIS' chief executive officer states: "We are pleased to report our continued increase in revenues for the third quarter of 2006 by 26% over the third quarter in 2005. Our consolidated loss from operations of approximately $500,000 was higher than the previous three months ended June 30, 2006 of approximately $300,000 due to lower sales of about $500,000 in the third quarter, and higher non-cash stock-based compensation expense of approximately $200,000 relating to finance and investor relations consulting services. The lower sales were the result of supply issues with one of our largest revenue generating products. Those supply issues have now been resolved and we expect sales for the fourth quarter of 2006 to exceed sales in the third quarter of 2006." With respect to the discontinued operations, Mr. Grimm commented that: "Although we are disappointed that the operations of BIOPRO Asia in the Philippines did not meet our near-term goals and resulted in us discontinuing those operations, eliminating those losses will improve future financial results. We still believe the market in other Asian countries represents excellent growth potential for our Company."
The information contained in this press release should be read in connection with the Company's Quarterly Reports on Form 10-QSB for the periods ended September 30, 2006, June 30, 2006 and March 31, 2006, and its Annual Report on Form 10-KSB for the year ended December 31, 2005. The Report from the Company's Independent Registered Public Accounting Firm contained in the Company's Annual Report on Form 10-KSB includes an explanatory paragraph as to the Company's ability to continue as a going concern, and other information necessary for an understanding of the Company.
About ACTIS Global Ventures, Inc.
ACTIS Global Ventures, Inc. (OTC Bulletin Board: AGLV), formerly FemOne, Inc., (OTC Bulletin Board: FEMO), based in Carlsbad, California markets and sells products through direct sales and direct response television. Its direct sales are generated through two divisions, BIOPRO Technology distributing Bioenergetics products in the United States, Canada, Australia, New Zealand, and South Africa, and FemOne, distributing nutritional products in the United States and Canada. Its Direct Response Television sales are generated through its subsidiary SRA Marketing.
More information about BIOPRO Technology and FemOne products can be found on the company's web sites at http://www.bioprotechnology.com or http://www.femone.com. Investors are invited to contact the Company by visiting its website at http://www.actisglobalventures.com, or by contacting its CEO, Ray Grimm, by e-mail at IR*actisglobalventures.com or by telephone at (760) 448-2498.
Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.
These forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievement expressed or implied by such forward looking statements. In some cases, you can identify forward looking statements by terminology such as "may," "will," "should," "could," "intend," "expects," "plan," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of such terms or other comparable terminology. Although we believe that the expectations reflected in the forward looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements.
ACTIS GLOBAL VENTURES, INC. Consolidated Statements of Operations For the Three and Nine months ended September 30, 2006 and 2005 (Unaudited)
Three Months Ended Nine months Ended September 30, September 30, 2006 2005 2006 2005 REVENUES Product sales $2,560,379 $2,035,035 $8,212,859 $5,584,291 Cost of sales 537,408 300,269 1,717,834 1,169,766 GROSS PROFIT 2,022,971 1,734,766 6,495,025 4,414,525
EXPENSES Sales commissions 907,565 884,491 3,207,953 2,337,093 Order fulfillment costs 234,079 182,808 766,302 476,999 Sales and marketing 662,900 527,699 2,022,014 1,586,148 General and administrative 750,386 562,877 1,797,576 1,341,089 Total operating expenses 2,554,930 2,157,875 7,793,845 5,741,329 LOSS FROM OPERATIONS (531,959) (423,109) (1,298,820) (1,326,804)
OTHER INCOME (EXPENSE) Amortization of debt discount (1,043,834) (497,851) (2,846,539) (1,419,665) Gain (loss) on warrant derivative liability 1,066,962 201,381 (15,928) 1,002,704 Gain on extinguishment of debt -- -- 1,101,070 -- Interest and finance charges (133,832) (162,183) (425,012) (427,328) Other income (expense) (1,765) 5,255 (7,645) 12,465 Total other income (expense) (112,469) (453,398) (2,194,054) (831,824)
LOSS FROM CONTINUING OPERATIONS BEFORE MINORITY INTEREST AND INCOME TAX EXPENSE (644,428) (876,507) (3,492,874) (2,158,628)
MINORITY INTEREST IN SUBSIDIARIES (13,763) 48,207 (6,327) (6,000) INCOME TAX EXPENSE (3,022) -- (9,022) --
LOSS FROM CONTINUING OPERATIONS (661,213) (828,300) (3,508,223) (2,164,628)
DISCONTINUED OPERATIONS
LOSS FROM DISCONTINUED OPERATIONS (102,148) (50,913) (231,535) (50,913)
NET LOSS $(763,361) $(879,213) $(3,739,758) $(2,215,541)
PER COMMON SHARE - Basic and Diluted Loss from continuing operations $(0.00) $(0.01) $(0.02) $(0.03) Loss from discontinued operations (0.00) (0.00) (0.00) (0.00) Net loss $(0.00) $(0.01) $(0.03) $(0.03)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - Basic and Diluted 169,024,252 94,584,451 148,552,765 72,113,112
ACTIS GLOBAL VENTURES, INC. Consolidated Balance Sheets (Unaudited) September 30, December 31, ASSETS 2006 2005 Current assets Cash and cash equivalents $48,199 $300,619 Accounts receivable 368,939 137,372 Accounts receivable, related party 27,770 29,195 Inventory 506,149 668,082 Inventory deposits 9,960 118,361 Prepaid expenses 98,423 126,433 Assets of discontinued subsidiary 11,271 93,656 Total current assets 1,070,711 1,473,718
Property and equipment, net 217,272 181,605
Other assets Intangible assets, net 198,632 212,149 Deferred debt issue costs 97,748 237,172 Deposits 182,000 171,368 Total other assets 478,380 620,689
Total assets $1,766,363 $2,276,012
LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable $934,436 $500,602 Accrued sales tax 479,974 248,285 Accrued interest, related party -- 114,792 Accrued interest, convertible notes 510,956 225,368 Accrued commissions 309,932 269,001 Accrued payroll and payroll tax 270,813 147,171 Accrued bonus 171,830 122,089 Deferred compensation 94,516 95,944 Customer deposits 27,844 20,297 Deferred rent 55,410 51,435 Notes payable - related parties -- 339,159 Liabilities of discontinued subsidiary 33,633 699 Warrant derivative liability 235,418 219,489 Convertible notes payable, net 2,302,350 1,677,505 Total current liabilities 5,427,11
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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FGFC (.0047) Updates the Development Status of its BuySellMerge.com Unit and Other Pertinent Information
M2 "Press Wire "
M2 PressWIRE - November 22, 2006 - First Guardian Financial Corp. operates as an investment and commercial real estate finance company that serves small and midsized business markets in the United States
Shares are up 13% on a volume of over 1 million in the early afternoon trading on Wednesday. Today's momentum came in as BuySellMerge.com, a wholly owned Subsidiary of First Guardian Financial Corporation (OTC.PK: FGFC), announced the status and progress of its www.BuySellMerge.com Portal Website unit.
**************** is quickly emerging as one of the newest and most exciting online newsletters for international, small-cap investors looking to stay a step ahead of the markets.
The company has been working diligently to complete phase one of the Portal, even though we have made significant strides, we are still adding and building and are not yet completed with phase one, this is why we have pulled down the site while we up grade and add significant infrastructure and behind the scenes technology.
((Comments on this story may be sent to info*m2.com))
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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CTBG (.035) Tree Top Industries, Inc. Announces Letter of Intent with Coil Tubing Technology, Inc. to Create New Wholly Owned Subsidiary
Business Wire "US Press Releases "
LAS VEGAS--(BUSINESS WIRE)--
Tree Top Industries, Inc. (OTCBB: TTII) announced today that it was forming a new wholly owned subsidiary to be called "Coil Tubing Technology Group, Inc." as the first step in completing the terms of a Letter of Intent ("LOI") with Coil Tubing Technology, Inc. ("CTBG.PK") to enter into a share exchange. The LOI was executed on November 21, 2006 between TTII, CTBG and Grifco International, Inc. (GFCI.PK).
The details of the LOI are being reviewed by counsel and auditors of the respective parties. Further details concerning the LOI will be released following this review.
Safe Harbor Act
The statements contained in this release and statements that the companies may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.
Source: Tree Top 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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ECFL (.016) Board of Directors Decides against a Reverse Stock Split
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
eCarfly, Inc. (Pink Sheets:ECFL) announced today that the Board of Directors has decided against a reverse stock split. Negotiation of the possible new merger will continue on course.
"I believe that it's in the best interest of our company and to our investors not to engage in a reverse stock split at this time," stated Desmond Milligan, eCarfly, Inc. CEO.
About eCarfly, Inc.
eCarfly, Inc. has closed the Chicago Office and the Plano Office. The corporate office is being re-located to a new area in Dallas, TX and should re-open in the next couple of weeks. The new address and telephone number will be released to the public when the move is completed.
eCarfly provided individuals and automotive dealers a hassle-free and cost-effective alternative to sell their vehicles while reducing to zero traditional costs associated with the vehicle sales process!
eCarfly is currently focusing on new business ventures that will allow for new opportunities for shareholders.
Disclaimer
Matters discussed in this press release are "forward-looking statements." Statements describing company objectives are forward looking. Company's plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the company and market evaluations of its stock, which could cause actual results to differ materially from those anticipated.
Source: eCarfly, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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EGLF .25 Element 21 Golf Shot in Space to Be Broadcast Around the World TORONTO -- (MARKET WIRE) -- November 22, 2006 -- Element 21 Golf Company ("E21") (OTCBB: EGLF) & (FRANKFURT: BJQ) reports that the Eurovision, the world's largest provider of international transmission services of live sports and news events, will provide a Worldwide Satellite live feed of the E21 Golf shot from the International Space Station this evening by cosmonaut Mikhail Tyurin.
Extensive broadcast TV network coverage is anticipated, with networks such as CNN, Fox and others already having broadcast stories on the event. CNN and CNN International brought out the Element 21 Golf Story this morning and continued coverage throughout the day.
(Click here for details) Element 21 Golf CoThe entire world will have access to the signal beamed down over the network of satellites. Eurovision emailed member networks and 600 non-member networks around the globe with details of the World Feed. This project has captured the imagination of golfers and space enthusiasts, and has now reached out to capture interest from the general public. Thanksgiving Day will see numerous golf records broken, as we pay tribute to the 35th anniversary of American astronaut Alan Shepard Jr., who played golf on the Moon in 1971 during the Apollo 14 mission.
The space golf shot is scheduled for the night of November 22 between 6 pm and 7 pm EST, as Mikhail Tyurin will become the first man in the world to play golf in zero gravity, driving a golf ball into an infinite fairway of space. He will play off the highest tee in the world on the golf course 220 miles above sea level. The temperature on the ISS golf course today and every day is a chilly -220F degrees in the shade, and a 320F under the sun, which promises to make it the "hottest" golf course on or above Earth. Playing in space has its advantages though, in airless conditions there is no possibility of a hook or a slice and a 10 mph swing speed will still produce 6 miles per second ball speed, promising a straight drive into the world record books on Thanksgiving Day.
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The total distance traveled may well exceed 1 billion miles, as the golf ball will be tracked live for up to 3 1/2 to 4 years as it orbits Earth.
About Element 21 Golf Company:
E21 holds the exclusive right to manufacture golf products using proprietary E21 Scandium Metal Alloys. Through a sophisticated multi-technology production path, E21 manufactures shafts, drivers, and other clubs with marked improvements in distance, accuracy and feel over competing products. In recent months a number of high profile golf professionals have switched to or began testing E21's Eagle One shafts. E21 Scandium products are 55% lighter and offer a 25% strength to weight advantage over Titanium alloys, the current standard in the golf equipment industry. The advanced dynamics of E21 Alloys and the material economics offer a performance-enhanced alternative to manufacturing driver clubs with Titanium, the largest segment of the annual $5.5 billion U.S. golf equipment marketplace.
E21 recently announced its "Golf Shot Around the World Mission" in celebration of the 35th anniversary of Alan B. Shepard Jr.'s historic Apollo 14 Mission. Just about every single record for distance in the golf industry will be shattered this fall when an astronaut will hit a golf ball into orbit around the earth -- using an E21 golf club. It is only natural that this event takes place on the International Space Station, considering that E21 Alloys are also used on the Space Station in high strength, fatigue resistant applications.
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About Eurovision:
Eurovision is the operational service of the European Broadcasting Union (EBU), and is the world's largest provider of international transmission services of live sports and news events.
Over 120 Active and Associate Members subscribe to their services around the globe. This relationship generates synergies in both the technical and content domains.
Eurovision operates a global satellite and fiber network dedicated to contribution and distribution services and connected to more than 300 broadcasters worldwide. The Eurovision network provides variable bandwidth capabilities up to HD and offers the highest quality multichannel audio.
Forward-Looking Statements.
Statements in this release, other than statements of historical fact, may be regarded, in certain instances, as "forward-looking statements" pursuant to Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934, respectively. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties which could cause actual results or events to differ materially from those currently anticipated, including but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting E21 and its business. A number of these risks and uncertainties are described in E21's periodic reports filed with Securities and Exchange Commission. There can be no assurance that such forward-looking statements will ever prove to be accurate and readers should not place undue reliance on any such forward-looking statements contained herein, which speak only as of the date hereof. E21 undertakes no obligation to republish revised 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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