Signature Leisure Announces Revenge Has Started Production 12/4/2006
MAITLAND, Fla., Dec 04, 2006 (BUSINESS WIRE) -- Signature Leisure, Inc. (OTCBB:SGLS) announced today that Revenge Designs LLC, based in Decatur, Indiana, has officially started production.
Signature Leisure acquired a twenty-five percent ownership stake in the start-up company Revenge Designs LLC in July of this year. The staff at Revenge has worked steadily to ready the production facility in addition to working with various suppliers in order to commence production.
Stephen Carnes, CEO of Signature Leisure, Inc. stated, "I am very excited with today's announcement. I had been anxiously awaiting the opportunity to announce to Signature's investors that production at the Revenge facility had officially commenced. This is like receiving an early Holiday gift."
Carnes further stated, "I am very enthusiastic about Revenge Designs' future growth potential. I also have become so enthusiastic about the Revenge GTO as an automobile that I just recently purchased a red-on-red (red & black interior, red exterior) GTO. I am really looking forward to taking delivery of the vehicle after Revenge Designs finishes production of my GTO."
The modified GTOs will include the Revenge design enhancement package which includes a wider body, fog lamps with flowing fender extensions as well as a lower profile. Additionally, the GTOs can include the option of a Lingenfelter Performanc Engineering performance package. The performance package will add a magnacharger/supercharger delivering 530 horsepower as well as a manual transmission short shifter, a high performance brake system and other extras.
About Signature Leisure, Inc. (OTCBB:SGLS) - Signature Leisure, Inc. is a publicly traded company trading on the OTC Bulletin Board under the symbol SGLS. For more information about Signature Leisure, Inc., please visit the Company's website at http://www.signatureleisure.com.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.
SOURCE: Signature Leisure, Inc.
Signature Leisure, Inc., Maitland Stephen W. Carnes, 407-599-2886 info*signatureleisure.com
Copyright Business Wire 2006
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China Media1 Corp.: Installation Status for Chengdu and Xian 12/4/2006
IRVINE, CALIFORNIA, Dec 04, 2006 (MARKET WIRE via COMTEX News Network) -- China Media1 Corp. (OTCBB: CMDA) is pleased to announce the following contract and manufacturing updates for both the Chengdu Shuangliu International Airport (www.cd-airport.com) and the Xian Xianyang International Airport.
Chengdu Shuangliu International Airport - The Phase 2 signs designated for the Arrivals level are now complete and are undergoing final quality assurance testing at our manufacturer. China Media1 has a 10 year contract to provide a total of 32 illuminated outdoor scrolling poster signs of various sizes of which 8 are totally complete and installed with contracts. This airport can generate approximately US $9 million in re-occurring annual revenue to China Media1. Chengdu Airport is the 6th largest airport in China in the largest city in Southwestern China (Sichuan province) with a population that exceeds 10 million. It is the hub of manufacturing, commercial and financial activities in the region.
Xian Xianyang International Airport - The Phase 1 signs designated for the Xian Airport are now also being manufactured and we expect completion shortly. China Media1 has an 8 year contract to provide a total of 30 illuminated outdoor scrolling poster signs of various sizes. This contract can generate up to US $6.5 million in re-occurring annual revenue to China Media1. Xian is the old capital of China with heavy tourist traffic.
China Media1 is now fully engaged in the sales, manufacturing and installation process with 3 major Chinese airports and expects 2007 to be a very significant year as we expect sales from International and Domestic 4A Advertising firms that we are working with. The company wishes to thank all of its loyal shareholders and employees and fully expects the true value of its business to be reflected accordingly in the near future.
About China Media1 Corp.:
China Media1 Corp. has obtained rights to premiere advertising media assets throughout China. Its affiliate, Guangzhou Chuangrun Advertising Co. Ltd., operates the advertising space and advertising contracts with top-tier brand names and multi-national corporations as well as large advertising agencies. China Media1 has focused on providing its clients superior advertising locations based on viewer ship, exclusivity, and uniqueness through the use of its illuminated scrolling poster signs. China Media1's advertising locations include Airports in Shenzhen, Chengdu, Haikou and Xian, and the Guangzhou MTR (12 Subway Stations). China Media1's website is www.chinamedia1corp.com
Forward Looking Statements:
Any forward-looking statement in this press release is made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertain-ties including, but not limited to, economic and political factors, technological developments, regulatory matters and increased competition. The Company disclaims any obligation to update any such factors or to publicly announce results of any revisions to the forward-looking statements contained herein to reflect future events or developments.
GPS Industries and Willingham to Unveil Analysts Report 12/4/2006
DALLAS, Dec 04, 2006 (BUSINESS WIRE) -- Robert C. Silzer, Sr., Chairman and Chief Executive Officer of GPS Industries (OTCBB:GPSN) and Market News First premier analyst Michael Willingham have announced the latest analyst report for GPS Industries. It is available on the Market News First website, www.***.com.
Highlights from the report include:
-- GPS Industries, Inc. has developed and patented the world's first Wi-Fi enabled GPS golf management system, Inforemer.
-- Inforemer is currently installed at more than 100 golf courses and has penetration into 10 countries worldwide.
-- GPSN owns 21 combinations of exclusive patents covering GPS, DGPS, and WAAS in 16 countries throughout the world including North America, Europe, Japan, and Australia.
-- In addition to its North American sales team and distributors, GPSN has an international distributor network in place providing coverage to the major international golf markets of Australia, New Zealand Asia, Europe, and South Africa.
-- High profile names involved in GPSN include Greg Norman, Mike Levy (former President of CBS Sportsline), Jeff Lurie (owner of the Philadelphia Eagles), along with a VP from Nike Golf and a USGA rules representative.
-- A portion of the recently announced $15.7 million investment into GPSN has been utilized to reorganize the financial structure, dramatically attack debt obligations, and fully capitalize the growth potential. The investment came from Great White Shark Enterprises and Leisurecorp, LLC.
GPS Industries, Inc. is the leading innovator of Wi-Fi enabled GPS systems for golf facilities and residential communities. The company's patented INFOREMER 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 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 GPS Management System, please visit www.gpsindustries.com.
Market News First analyst Michael A. Willingham has covered many microcap companies and has hosted his detailed reports on www.***.com.
About ***.com
Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live radio web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.
Through daily, live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.
SOURCE: Market News First
GPS Industries, Inc. Director, Marketing & Communications Steve Barrett, 604-576-7442 steven*gpsindustries.com or Investor Relations Ryan Gray, 310-276-6743 ryan*gpsindustries.com
Copyright Business Wire 2006
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NEWPORT BEACH, CA, Dec 04, 2006 (MARKET WIRE via COMTEX News Network) -- Rocketinfo (OTCBB: RKTI), creators of www.Rocketnews.com, an Internet news aggregator empowering businesses and knowledge workers with simplified search and delivery of current news, today announced the closing of a $500,000 private placement. Rocketinfo will utilize these proceeds as working capital towards restructuring company operations.
"Our customers are wonderfully demanding about their news, information and intelligence needs," said Marco Hegyi, president & CEO of Rocketinfo. "For years Rocketinfo has satisfied their demands by enhancing its data acquisition and user interface. For example, Rocketinfo's web application uses a rich Web 2.0 interface to enrich the consumer's experience. In return, Rocketinfo corporate customers have renewed year in, year out. Today Rocketinfo has grown to generate over 8 million search queries monthly and has aggregated a deep collection of current news and information sources. This recent funding jump starts our plans to expand on this success."
Outsell, Inc.'s HotTopics report (September 2006) identified that the Search, Aggregation and Syndication (SAS) market is expected to grow from $42 billion in 2006 to $67 billion by 2009, a 17.3% CAGR. The top five leaders represent $23 billion, leaving almost $20 billion for the rest of SAS.
"The SAS market is in the formative stages with room for significant growth." Mr. Hegyi continued, "While the rest of SAS market confirms great consumption and demand for acquiring web-based information, the more interesting metric is that 31% of search efforts are failing suggesting that there is demand for a better and more focused experience. Rocketinfo has a number of expansion opportunities to address this demand, including video and audio content, mobile device delivery and adding user-generated content for greater collaboration and value-add. The Company is initially focused on its enterprise customers. As a result of the working capital raised, Rocketinfo has begun to build out its leadership team, strategic business plan and is reviewing plans to raise additional financing that will fuel the Company's growth."
About Rocketinfo
Founded in 1998, Rocketinfo (OTCBB: RKTI) provides the fastest, largest and best aggregation of RSS feeds of news sites, articles, press releases, trade and government publication and expert ****s. Rocketinfo continuously searches and indexes over 16,000 news sites, 30,000 RSS and we**** sources to provide customized content channels for external publishing of current news and business information and internal gathering of competitive research, market intelligence, media monitoring. Experience the fastest search of the largest collection of real-time RSS news feeds by visiting www.rocketnews.com today and take our Rocket RSS Scanner for a spin. More information on our products and services is available at www.rocketinfo.com.
The preceding includes forwarding-looking statements which involve known and unknown risks and uncertainties which may cause Rocketinfo Inc.'s actual results in future periods to differ materially from forecasted results. For a list and description of such risks and uncertainties, see Rocketinfo Inc.'s reports filed with the Securities and Exchange Commission.
NEOProbe Secures $6 Million Commitment from Fusion Capital via COMTEX
December 4, 2006
DUBLIN, Ohio, Dec 04, 2006 (BUSINESS WIRE) --
NEOProbe Corporation (OTCBB:NEOP), a diversified developer of innovative oncology and cardiovascular surgical and diagnostic products, announced today that it signed an agreement with Fusion Capital Fund II, LLC, a Chicago-based institutional investor, for the purchase of up to $6 million in common stock. Sales of common stock by the Company to Fusion Capital can occur over a 24-month period after the U.S. Securities and Exchange Commission (SEC) has declared effective a registration statement relating to the transaction.
Under the agreement, NEOProbe has the right to sell shares of its common stock to Fusion Capital from time to time in amounts between $50,000 and $1 million, depending on certain conditions, for an aggregate amount of up to $6 million. The purchase price of the shares will be determined based upon the market price of the Company's shares at the time of each sale without any fixed discount, and NEOProbe will control the timing and amount of any sales of shares to Fusion Capital. A more detailed description of the agreement is set forth in the Company's current report on Form 8-K to be filed with the SEC which should be reviewed carefully in conjunction with this press release.
"We are pleased to have renewed our long standing relationship with Fusion Capital. Fusion represents a well-respected institutional investor with a long term partnership view," said David C. Bupp, NEOProbe's President and CEO. "We believe the innovative agreement with Fusion Capital provides NEOProbe with excellent terms and fundraising flexibility. Under this agreement, we can sell shares to Fusion Capital when we determine the share price is most advantageous for the Company."
About NEOProbe
NEOProbe is a biomedical company focused on enhancing patient care and improving patient outcome by meeting the critical intraoperative diagnostic information needs of physicians and therapeutic treatment needs of patients. NEOProbe currently markets the neo2000(R) line of gamma detection systems that are widely used by cancer surgeons and is commercializing the Quantix(R) line of blood flow measurement products developed by its subsidiary, Cardiosonix Ltd. In addition, NEOProbe holds significant interests in the development of related biomedical systems and radiopharmaceutical agents including Lymphoseek(R) and RIGScan(R) CR. NEOProbe's subsidiary, Cira Biosciences, Inc., is also advancing a patient-specific cellular therapy technology platform called ACT. NEOProbe's strategy is to deliver superior growth and shareholder return by maximizing its strong position in gamma detection technologies and diversifying into new, synergistic biomedical markets through continued investment and selective acquisitions. www.NEOProbe.com
About Fusion Capital
Fusion Capital Fund II, LLC is an institutional investor based in Chicago, Illinois with a fundamental investment approach. Fusion Capital invests in a wide range of companies and industries emphasizing life sciences, energy and technology companies. Its investments range from special situation financing to long-term strategic capital.
Statements in this news release, which relate to other than strictly historical facts, such as statements about the Company's plans and strategies, expectations for future financial performance, new and existing products and technologies, anticipated clinical and regulatory pathways, and markets for the Company's products are forward-looking statements The words "believe," "expect," "anticipate," "estimate," "project," and similar expressions identify forward-looking statements that speak only as of the date hereof. Investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from historical or anticipated results due to many factors including, but not limited to, the Company's continuing operating losses, uncertainty of market acceptance of its products, reliance on third party manufacturers, accumulated deficit, future capital needs, uncertainty of capital funding, dependence on limited product line and distribution channels, competition, limited marketing and manufacturing experience, risks of development of new products, regulatory risks and other risks detailed in the Company's most recent Annual Report on Form 10-KSB and other Securities and Exchange Commission filings. The Company undertakes no obligation to publicly update or revise any forward-looking statements.
SOURCE: NEOProbe Corporation
NEOProbe Corporation Brent Larson, Vice President/CFO, 614-793-7500 or The Trout Group Tim Ryan, 212-477-9007 Copyright Business Wire 2006
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SOYO (.32)Sponsored Fighter Upsets the Undefeated Antonio Silva in Stunning Fashion 12/4/2006
ONTARIO, Calif., Dec 04, 2006 (BUSINESS WIRE) -- SOYO Group Inc. (OTCBB: SOYO - News), a provider of computer, consumer electronics and broadband telecommunications products, today announced Eric Pele won his Superfight against Antonio Silva, which was aired live December 2nd on Pay-Per-View as part of the BodogFight mixed martial arts reality series.
Pele is the former Super Heavyweight King of The Cage World Champion and one of the stars from A&E's Reality TV show "Ink'd". Eric was the 8th ranked Super Heavyweight in the World and Silva was ranked number 1. The winner of this fight was slated to fight the best MMA fighter in the World and Pride World Champion Fedor Emelianenko in March of 2007.
BodogFight was created by billionaire Bodog.com Entertainment Group Founder Calvin Ayre. The BodogFight: Season 1 Finale, presented by the Elite Fighting Championship aired live from The Agrodome in Vancouver, British Columbia. The PPV event was available to an international audience Saturday, December 2, 2006.
SOYO would like to thank Eric and his camp for a successful show and a great branding opportunity. SOYO wishes Eric a speedy recovery and good luck in his upcoming fights.
About BodogFights
With its drive into the international MMA scene, the popular BodogFight series is available in over 43 million homes across North America. Elimination battles, behind-the-scenes training, interviews with fighters, a soundtrack featuring Bodog Music artists, and lifestyle segments compose the weekly one hour BodogFight episodes, with the finale leading into the PPV main event December 2 in Vancouver, British Columbia.
About SOYO Group Inc.
SOYO Group Inc. is a provider of computer, consumer electronics, and broadband telecommunications products and services. Headquartered in Ontario, Calif., with additional sales offices in South America, SOYO Group sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers, including Best Buy, Circuit City, Staples, Micro Center, Target.com, Walmart.com, eCost.com, Fry's Electronics, PC Mall, and Office Depot, among others. Products are sold under the Go Video and SOYO brand names. For more information about SOYO and its products, please call 909-292-2500 or visit SOYO's Web site at http://www.soyogroup.com.
Safe Harbor Act Notice
This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions, are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the company's products, general acceptance of the company's products and technologies, competitive factors, timing, and other risks described in the company's SEC reports and filings. Third-party statements contained herein and information contained on any third-party Web site are not endorsed by or adopted by SOYO, nor has their accuracy been verified by SOYO.
SOURCE: SOYO Group Inc.
Sierra Tech Public Relations Len Fernandes, 530-832-1613 (Technical Media Relations) lencom*earthlink.net or SOYO Group Inc. Yvonne Kao, 909-292-2506 yvonnek*soyogroup.com
Copyright Business Wire 2006
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Terra Nova Financial Group Announces Recent Report of Third Quarter 2006 Revenues 12/4/2006
CHICAGO, Dec 04, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Terra Nova Financial Group, Inc. (OTC Bulletin Board: TNVF) ("Terra Nova" or "Company") formerly known as Rush Financial Technologies, Inc. recently reported quarterly revenues of $12.5 million for the period ended September 30, 2006 compared to revenues of $0.6 million recorded in the third quarter of 2005. Net loss attributable to common shareholders was $942 thousand for the third quarter of 2006, an increase of $319 thousand, or 51% compared to the $622 thousand recorded in the third quarter of 2005. On a per share basis, net loss for the third quarter of 2006 totaled $0.02 per diluted common share, flat as compared to the third quarter of 2005 of $0.02 per diluted common share.
Revenues for the nine months ended September 30, 2006 was $22.8 million compared to $1.6 million for the nine months ended September 30, 2005. Net loss attributable to common shareholders was $26.6 million, or ($0.71) per diluted common share compared to a loss of $2.1 million, or ($0.07) per diluted common share in the first nine months of 2005.
Adjusting for non-cash merger related expenses and certain other non-recurring items, net income attributable to common shareholders was approximately $400 thousand for the nine months ended September 30, 2006, compared to a loss of $2.1 million for the nine months ended 2005. On a per share basis, net income for the nine months ended 2006 totaled $0.01 per diluted share compared to ($0.07) per diluted common share for the same period in 2005.
Highlights from the third quarter and year-to-date include:
-- Growth in revenues and transactions, Terra Nova's brokerage revenues up 25% over nine months ending September 2005 -- Overall synergies and cost reductions resulting from the operational and integration plan anticipated at approximately $2.5 million annually to date. -- Significant progress in execution of the integration plan with regards to the acquired companies which will result in over $1 million in savings annually due to: -- The transfer of RushTrade Securities Inc. customers to Terra Nova Trading, L.L.C. (R), the primary operating unit of TNFG, a full service self clearing broker-dealer and futures commission merchant. This will significantly reduce third-party clearing expenses. -- Full implementation of Terra Nova Trading, L.L.C.'s Options Clearing Corporation membership and termination of certain third-party clearing services has been completed with cost savings that should commence in the fourth quarter 2006. -- Significant reduction of operating and compensation expenses in excess of $1 million in Dallas, Chicago and Boulder, including the move of all managerial responsibility to Chicago. -- Successful completion of a move and upgrade to a new facilities co-location in Dallas, in support of key trading systems. -- Creation of Investment Banking Unit, targeting private placement investments for our institutional and accredited investors.
"In the third quarter, Terra Nova took several actions to reduce costs and build an improved earnings base for future quarters. Our core earnings growth remains strong as we continue to build momentum throughout our franchise," commented Mike Nolan, Chief Executive Officer. "Our commitment to delivering a broad and balanced product offering to our customers continues as we have invested in building our technology and related infrastructure as well as filling key positions. As we continue to successfully implement our post-merger integration initiatives, Terra Nova's core strengths will be better reflected in our reported financial results."
"We are extremely pleased with the progress we have made since the May 17th, 2006 transaction combining Terra Nova Trading, L.L.C., and other affiliated entities and Rush Financial Technologies, Inc. Our core franchise remains very strong and continues to show excellent fundamental growth," noted Patti Kane, CFO and COO. "Combining the Broker-Dealers into Terra Nova and fully utilizing the Options Clearing Corporation membership provides the company significant expense reduction and increased control over the clearance of transactions.
About Terra Nova Financial Group, Inc.
Terra Nova Financial Group, Inc. operates through two wholly owned subsidiaries, Terra Nova Trading, L.L.C. (R) (member NASD, NFA, SIPC, PCX, ISE, BOX and CHX) and RushGroup Technologies. Terra Nova Trading, L.L.C. is a self-clearing agency broker/dealer and futures commission merchant that offers a broad suite of trading products to Brokers, Institutions and Individual customers. Terra Nova also utilizes proprietary technology to develop progressive trading software and advanced routing technology while operating a market data service center. Headquartered in Chicago, Terra Nova has over 70 employees, with a sales presence in New York, Dallas and San Francisco.
Media Contact: Christopher Hartman, 1-312-827-3695
SOURCE Terra Nova Financial Group, Inc.
Investor Relations, Brooke Hoffman, +1-312-827-3602, or Media, Christopher Hartman, +1-312-827-3695, both of Terra Nova Financial Group, Inc. http://www.terranovatrading.com
Copyright (C) 2006 PR Newswire. All rights reserved
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CenGroup CEO Major Neville Trevor joins the Environmental Committee of AMCHAM VANCOUVER, British Columbia & BAKU, Azerbaijan--(BUSINESS WIRE)--CenGroup Petroleum Corporation (Pink Sheets:CPCO) announces - CenGroup Petroleum Corporation CEO, Major Neville Trevor has accepted an invitation from the American Chamber of Commerce in Azerbaijan (AMCHAM) to sit on the Environmental Committee Board. AMCHAM memberships, which represent over 80% of foreign investment and a significant portion of the Azeri business community, is a strong motivated and accomplished organization in Baku. Committees established within AMCHAM aim to improve environmental conditions and economic progress in Azerbaijan. A position on the Environmental Committee serves to solidify Major Trevor’s development of CPCO in the business community of Azerbaijan.
About: 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. 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.
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.
Contacts PR Contact: Investor Response, LLC Al Turano, 303-531-6990 or CenGroup Petroleum Corporation Toll Free 1-866-640-CPCO (2726) www.cengrouppetroleumcorp.com info*cengrouppetroleumcorp.com
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Vaso Active And BioChemics File Lawsuit Against Robinson & Cole 12/4/2006
DANVERS, Mass., Dec 04, 2006 (BUSINESS WIRE) -- Vaso Active Pharmaceuticals, Inc. (VAPH.ob) and BioChemics, Inc. of Danvers, Massachusetts announced today that they have filed a lawsuit in the Suffolk Superior Court, Boston, Massachusetts against the law firm of Robinson & Cole LLP. The case was assigned to the Business Litigation Session.
The lawsuit relates to advice provided by Robinson & Cole in 2003 in connection with Vaso Active's initial public offering, which Vaso Active and BioChemics believe caused costly proceedings to be brought by the SEC and private litigants. The causes of action set forth in the Complaint include: professional negligence, breach of contract, intentional misrepresentation, negligent misrepresentation and breach of fiduciary duty.
The Complaint seeks damages in the lawsuit as a direct result of Robinson & Cole's actions, which caused losses estimated to be in excess of $100 million due to lost market capitalization, out-of-pocket expenses, loss of market opportunities and other related damages. Kelley Drye & Warren LLP is representing Vaso Active and BioChemics, on a contingent basis, in the lawsuit and the costs of the litigation are not expected to be material to the Company's current cash flow or resources. Eckert Seamans Cherin & Mellott, LLC is representing Vaso Active as local counsel.
Vaso Active Pharmaceuticals, Inc, is an early stage company that focuses on commercializing, marketing and selling over-the-counter pharmaceutical products that incorporate either a patented transdermal technology ("VALE") or a proprietary topical technology ("PENtoCORE").
The unique VALE technology is a patchless, lipid-based delivery system that uses an active process, incorporating chemical vasodilators, to deliver drugs through the skin and into the bloodstream. Products utilizing this technology are currently in development.
The PENtoCORE technology is a topical formulation and the Company is currently marketing three products that incorporate this technology: OSTEON (for temporary relief from minor arthritis pain), A-R EXTREME (for temporary relief from minor muscle and joint pain associated with athletic activity) and TERMIN8 (for athlete's footfungal infections).
NOTE: This news release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These include statements about such matters as the pursuit, merits or possible outcomes and impacts of, expenses to be incurred in connection with possible recoveries and damages from the litigation described above. We have no duty to update such statements. Actual future events and circumstances (including future results) could differ materially from those set forth in these statements due to various factors. These factors include the possibility that the litigation could be settled or dismissed, our theories of damages could be rejected, material counterclaims could be filed against us, the court could assess costs or other losses against us, ongoing legal expenses and distraction to management's time and energies could adversely affect our ongoing operations, and other risks and uncertainties, including those detailed in our filings with the SEC.
SOURCE: Vaso Active Pharmaceuticals, Inc.
Vaso Active Pharmaceuticals, Inc. Matt Carter, 978-750-1991 Ext. 28 mcarter*vasoactive.us
Copyright Business Wire 2006
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Tyler Discovers High-Grade Molybdenum Zone in Bahuerachi's South Porphyry With 19.76 Meters Grading 0.35% Molybdenum, 0.31% Copper and 11.5 g/t Silver
Monday , December 04, 2006 17:43ET
CALGARY, ALBERTA, Dec 4, 2006 (CCNMatthews via COMTEX) -- Tyler Resources Inc. (TSX VENTURE:TYS) is pleased to announce further drill results from its ongoing drill program, including the discovery of a new high-grade molybdenum-copper-silver zone in the South Porphyry, roughly 0.8 kilometer south of its Main Zone Bahuerachi Deposit, Mexico.
Assay data from 10 widely spaced scout RC drill holes and 2 diamond drill holes in the South and North lobe porphyry targets have been received. New mineralization identified by this drilling includes near surface, low-grade gold and silver mineralization in the North Porphyry (RC-53 and 54), a new zone of mineralization in the South Porphyry including high molybdenum grades (RC-60), and the continuation northwards of the Main Zone mineralized porphyry-skarn system at depth (BAH-101).
Significant results for these drill holes are presented in the following table and discussed below. A geological cross section for drill hole BAH-101 is posted with the news release on our website at www.tylerresources.com. Drill hole collar locations are shown at http://www.ccnmatthews.com/docs/1204tysmap.jpg.
--------------------------------------------------------------------------- Sediments/ BAH-101 96 219.90 91.40(1) 0.20 0.08 2.2 - 0.013 Porphyry --------------------------------------------------------------------------- and 250 276 21.60(2) 0.43 0.07 3.6 - 0.004 Skarn --------------------------------------------------------------------------- (1) Excludes 32.5 meters of unmineralized dykes (2) Excludes 4.4 meters of unmineralized dykes All holes are interpreted to be testing true widths of mineralization.
The Company is encouraged by these new mineralized intervals. The discovery of high-grade molybdenum in the South Porphyry, which remains largely untested, adds to the Bahuerachi project areas with molybdenum grades comparable to those of stand-alone molybdenum mines and development projects in other parts of the world. The discovery of higher near-surface precious metals values in the North Porphyry than have typically been seen in the Main Zone also adds to the exploration potential of the project.
Results for several of the other RC drill holes during this period showed widespread but generally narrower mineralized intervals. In the North Porphyry, RC- 56 intersected 0.33% copper over 1.52 meters (6.08-7.60 m) and 0.5% zinc over 1.52 meters (114-115.52 m). RC-57 intersected 0.3% zinc and 1.7 g/t silver over 9.12 meters (0-9.12 m) and 0.44% copper and 2.6 g/t silver over 1.52 meters (54.72-56.24 m). Diamond drill hole BAH-104 was abandoned due to difficult ground conditions before reaching its target depth.
In the South Porphyry, RC-59 intersected 0.17% copper, 0.033% molybdenum and 2.6 g/t silver over 4.57 meters at the bottom of the hole (169.21 to 173.78 meters). RC-61 intersected 0.2% copper and 5 g/t silver over 4.58 meters (42.68-47.26m).
Field Update and Ongoing Development Program
Drilling is ongoing with 3 rigs operating in the Main Zone, targeting additional tonnage accretive to the initial resource estimate (RC-63 to 70) as well as aiming to upgrade certain areas in terms of resource classification from the inferred to indicated category (BAH-108).
Based on an ongoing study of the 3D block model of the Main Zone Deposit, the Company will focus on three drilling objectives over the coming months. The first objective is to obtain sufficient information through drilling to model well-mineralized sediments and calc silicate skarns. This data will add tonnage to the current resource estimate and lower potential stripping ratios during the preliminary assessment of the Bahuerachi Deposit currently underway. The second objective is to upgrade the classification of the high grade skarn resource from inferred to measured and indicated by increasing the density of drilling data. This will allow for a preliminary economic assessment study of a high-grade starter operation at Bahuerachi. The third objective is to selectively infill drill holes in the higher grade and near surface portions of the porphyry resource to upgrade the resource classification of a significant amount of material from inferred to indicated or measured categories.
Tyler Resources is a Canadian junior exploration company focused on base and precious metals exploration in Mexico. Tyler's primary project is the Bahuerachi property, which hosts Mexico's fourth largest mineralized porphyry system. The Company is now in the advanced stage of a 35,000 meter combined diamond and reverse circulation drilling program scheduled to be extended into 2007, making it one of the most active Canadian junior exploration companies operating in Mexico.
All assay work was performed by ICP at ALS-Chemex labs of Vancouver, with gold done using standard fire assay methods. All samples sent to the lab are sealed with security tags for delivery to ALS-Chemex. Duplicate samples as well as standards and blanks are inserted in each batch of samples delivered to the laboratory and then checked to ensure proper quality assurance and quality control (QA/QC).
The Qualified Person responsible for the design and implementation of the Field Program as well as the preparation of this news release was J. P. Jutras, P.Geol., and President of the Company. The work program is being carried out with the participation of Dr. Shane William Ebert, Ph.D, P.Geo, Vice President and Director, Dustin Rainey, B.Sc Geology, Grant Couture, M.Sc Geology, Paul Turnbull, B.Sc, P.Geol and Cornell McDowell, B.Sc Geology, consultants to the Company.
Jean Pierre Jutras, President/CEO/Director
Cautionary language: Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Tyler's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Tyler. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Tyler's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Tyler's filings with the Canadian securities authorities. Accordingly, holders of Tyler shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Tyler disclaims any responsibility to update these forward-looking statements.
China Health Holding Executed Letter of Intent to Acquire Xi'an Chunhui Pharmaceuticals 12/4/2006
LAS VEGAS, Dec 04, 2006 (BUSINESS WIRE) -- China Health Holding (OTCBB: CHHH), a developer, manufacturer, marketer and distributor of pharmaceutical products and dietary supplements in China and worldwide, announced today that it has executed a binding acquisition letter of intent to acquire 51% or more ownership of Xi'an Chunhui Pharmaceuticals Co. Ltd., based in the People's Republic of China.
The letter gives China Health first refusal and exclusive rights to complete the acquisition of Xi'an Chunhui Pharmaceuticals within 12 months of the execution date (that is, until November 27, 2007). The completion of the acquisition is subject to negotiation and execution of a definitive acquisition agreement, as well as full legal and financial due diligence. The latter includes the determination of the valuation of Xi'an Chunhui Pharmaceuticals and the completion and delivery of audited financial statements of Xi'an Chunhui Pharmaceuticals according to US General Accepted Accounting Principles ("US GAAP").
Julianna Lu, Founder/CEO of China Health Holdings, commented: "The acquisition contemplated by the letter of intent with Xi'an Chunhui Pharmaceuticals is the latest in a series of recent steps China Health has taken to execute its comprehensive growth strategy. Through this and other transactions, we are in the process of building a powerful network of established China-SFDA-certified pharmaceutical drug manufacturing facilities along with extensive hospital and drugstore distribution channels in China. We will also have an enhanced pipeline of hundreds of China-SFDA certified pharmaceutical drugs."
In addition to the pending Xi'an Chunhui Pharmaceuticals, China Health has announced several other pending or completed acquisitions of China-based pharmaceutical firms in recent months. It has executed letters of intent to acquire 51% or more of Beijing Boran Pharmaceutical Co. Ltd., Shaanxi Wanan Pharmaceuticals Co. Ltd.; and Henan Tiankang Pharmaceuticals Co. Ltd and all letters give China Health legal first refusal and exclusive rights. It has executed "Acquisition Definitive Agreements" for acquiring 100% of Shaanxi MeiChen Pharmaceuticals, Ltd. and 60% of Henan Furen Huaiqingtang Pharmaceuticals Co. Ltd. Also, it has signed a letter of intent with WangJing Hospital and the WangJing Hospital of China Academy of Chinese Medical Sciences, in the People's Republic of China, to develop the China International University of Traditional Chinese Medicine and the University Hospital for Traditional Chinese Medical Sciences.
In the next 12 to 24 months, China Health plans to complete further acquisitions and transactions with major pharmaceutical companies in the People's Republic of China, bringing its total assets to approximately US$100 million. At the end of this process, it projects annual gross revenue of approximately US$100 million, with annual net income of approximately US$10 million to US$15 million.
About Xi'an Chunhui Pharmaceuticals
Xi'an Chunhui Pharmaceuticals, based in Shaanxi Province, is a drug manufacturer, developer and distributor with good manufacturing practices (GMP) certification from the China State Food and Drug Administration (China-SFDA). It distributes a total of 50 China-SFDA certified herbal drugs to China-SFDA Licensed Hospitals and drugstores across Shaanxi province and the People's Republic of China. It also owns three China-SFDA certified pharmaceutical facilities and two China-SFDA certified pharmaceutical herbal/raw materials cultivation bases with unique advanced technologies.
Xi'an Chunhui Pharmaceuticals' herbal-based pharmaceutical drugs are used in treatment of cancers (such as liver and stomach cancer), viral infections, high blood pressure and cardiovascular disease.
If you would like to be added to China Health's investor email lists or have additional questions, please contact Haris Tajyar with Investor Relations International at htajyar*irintl.com, or/and info*chinahealthholding.com.
About China Health Holding
China Health Holding, Inc. is a developer, manufacturer and marketer of natural medicinal products and pharmaceutical drugs in China and worldwide, with extensive expertise in the field of traditional Chinese medicine and the Chinese pharmaceutical industry. Its immediate goal is the profitable penetration of the growing global and China pharmaceutical industry and market through acquisitions of major pharmaceutical companies in the People's Republic of China and worldwide. Its long-term plans include the development of a pharmaceutical drug pipeline and technology based on its knowledge of traditional Chinese medicine and the pharmaceutical industry in the People's Republic of China.
The company has two wholly-owned subsidiaries. One is China Health World Pharmaceutical Corporation, which will develop, manufacture and commercialize natural medications for diseases and conditions related to diabetes, cardiovascular disease and neurological disorders. The other subsidiary, China Health World Trade Corporation, will be developing China Health's retail/franchise infrastructure along with worldwide branding, multimedia marketing and multi-channel distribution to global customers and markets.
China Health controls or owns exclusive worldwide ownership or rights for a total of 134 proprietary natural herbal medicinal products/formulas in two natural herbal medicinal product lines: King of Herbs and Taoist Medicinal. Please feel free to visit www.chinahealthholding.com for the Company's profile.
Safe Harbor Statement: To the extent that statements in the press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward looking, all forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements, which may accompany the forward-looking statements, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. In addition, the company disclaims any obligation to update or correct any forward-looking statements in all of the Company's press releases to reflect events or circumstances after the date hereof.
SOURCE: China Health Holding
China Health Holding, Inc. (Las Vegas) Yu, XiaoFei Vice President/Corporate Development Tel: 1-778-893-8909 Tel: 1-604-608-6788 info*chinahealthholding.com www.chinahealthholding.com or Investor Relations International (Los Angeles) Haris Tajyar, Managing Partner 1-818-382-9702 htajyar*irintl.com
Copyright Business Wire 2006
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Zapata Corporation Sells Remaining Omega Protein Stock for $29.0 million in Private Transaction 12/4/2006
ROCHESTER, N.Y., Dec 04, 2006 (BUSINESS WIRE) -- Zapata Corporation (NYSE:ZAP) Chairman and CEO, Avram Glazer, announced today that on December 1, 2006, Zapata completed a private placement resale transaction in which it sold its remaining 5,232,708 shares of Omega Protein Corporation (NYSE:OME) common stock to a group of institutional investors for gross proceeds of approximately $29.0 million. D.A. Davidson & Co. acted as the sole placement agent in the transaction.
Mr. Glazer said, "Zapata has had a long and rewarding relationship with Omega Protein and we wish them well. Zapata can now focus on enhancing value and creating an exciting future for all our shareholders. Zapata plans to continue to evaluate strategic opportunities for the use of our capital resources."
The securities sold by Zapata were not 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 the registration requirements of the Securities Act of 1933. In connection with the private placement, Omega Protein has agreed to file with the Securities & Exchange Commission within 30 days after closing a shelf registration statement covering the resale of the shares and to exercise commercially reasonable efforts to cause the registration statement to become effective as soon as reasonably practicable.
About Zapata:
Zapata is a holding company which has approximately $150 million in cash and cash equivalents and currently owns 98% of Zap.Com Corporation (OTCBB: ZPCM), which is a public shell company.
About D.A. Davidson
D.A. Davidson & Co. is a full service investment firm with operations throughout the Western U.S. Founded in 1935, the firm is the largest securities firm based in the region, with over $20 billion in client assets under management approximately 950 professionals. As a full-service investment firm, Davidson provides research, investment banking services, bond sales and trading, stock sales and trading and private brokerage services. D.A. Davidson's investment banking group underwrites public offerings, serves as a placement agent for private financings, and advises companies in mergers and acquisitions.
FORWARD-LOOKING STATEMENTS
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts are "forward-looking" statements that involve risks and/or uncertainties as described in Part II, Item 1A "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2006, as well as Part I, Item 1A., "Risk Factors" in the Company's Annual Report on Form 10-K for the period ended December 31, 2005. You are cautioned not to place undue reliance on any forward-looking statements. The Company's actual actions or results may differ materially from those expected or anticipated in the forward-looking statements. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release.
SOURCE: Zapata Corporation
Zapata Corporation Leonard DiSalvo, 585-242-8703
Copyright Business Wire 2006
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President Casinos, Inc. Announces Confirmation of Bankruptcy Reorganization Plan for Subsidiary 12/4/2006
ST. LOUIS, Dec 04, 2006 (BUSINESS WIRE) -- President Casinos, Inc. ("President") (OTC:PREZQ.OB) announced that the United States Bankruptcy Court for the Eastern District of Missouri has entered an order confirming the Chapter 11 plan of reorganization submitted by President Riverboat Casino-Missouri, Inc. ("PRC-MO"), a wholly owned subsidiary of President that conducts President's St. Louis, Missouri gaming operations.
The plan of reorganization approved by the Bankruptcy Court for the Eastern District of Missouri provides that the stock of PRC-MO will be sold to Pinnacle Entertainment, Inc. for approximately $31 million pursuant to the terms of a purchase agreement previously entered into between President and Pinnacle. Upon closing of the transaction, the plan of reorganization calls for the creation of a distribution trust to distribute to creditors the proceeds of the sale and certain other assets of PRC-MO. All priority and administrative claims and claims of unsecured trade creditors will be paid in full pursuant to the plan of reorganization. The plan of reorganization also provides that holders of President's outstanding bonds will be paid the amount of their claims less a $10 million discount (or approximately $50.6 million). An aggregate of $5 million of the $10 million discount will be permanently waived, and the remaining $5 million will be deferred and be payable from one-half of any future amounts in excess of $5 million recovered by President pursuant to certain specified pending litigation and tax refund claims. In addition, under the plan of reorganization the first $5 million from such litigation and tax refund claims and one-half of any recoveries in excess of $5 million will be used first to pay the outstanding bankruptcy claim of John Edward Connelly & Associates and its assignees (in the amount of approximately $3.3 million) with the balance to be distributed to President.
The plan of reorganization does not become effective until the closing of the sale of the stock of PRC-MO to Pinnacle Entertainment. The Missouri Gaming Commission has approved the sale of PRC-MO stock to Pinnacle. The closing of the sale transaction remains subject to various closing conditions.
This press release may be deemed to contain forward-looking statements, which are subject to change. You are cautioned that any such forward looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward looking statements. These forward-looking statements may be significantly impacted, either positively or negatively by various factors, including without limitation, licensing, and other regulatory approvals, lender cooperation, weather, permits, competition, business conditions in the gaming industry and developments in our pending bankruptcy proceedings. President undertakes no obligation to publicly update or revise forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events. Additional information concerning potential factors that could affect President's financial condition and results of operations is included in the filings of the Company's Annual Report on Form 10-K for the fiscal year ended February 28, 2006 and Quarterly Reports on Form 10-Q for the quarters ended May 31 and August 31, 2006.
SOURCE: President Casinos, Inc.
President Casinos, Inc. Ralph J. Vaclavik, 314-622-3018
Copyright Business Wire 2006
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December 04, 2006 07:09 PM Eastern Time National Hyperbaric Rehab Center President to Be Featured on www.SubPennyRadio.com SALT LAKE CITY--(BUSINESS WIRE)--National Hyperbaric Rehab Center, Inc. ("NHRC") (Pink Sheets: NHYB) announced today that its president, Jerry Gines, will be interviewed on SubPennyRadio.com at 3:00 p.m. Eastern Time, Wednesday, December 6. During the interview, Mr. Gines will answer questions about management's review of operations. He will discuss in detail progress on hospital contracts, wound care centers, construction of the Tucson complex and various other subjects, including diabetes care, Utah Grizzlies contract, etc.
Additionally, the interview will air as part of the LIVE evening radio show at 8:00 p.m. Eastern Time on Thursday, December 7. This broadcast is available from any computer connected to the Internet. The interview will also be looped as part of the archive throughout the following day, December 8. Beginning Monday, December 11, the interview will be accessible as a podcast from either SubPennyRadio.com or www.hyperbaricrehab.com.
Shareholders and interested parties are invited to submit their questions prior to the interview to Simon at: interviews*subpennyradio.com. Simon will then select the questions to be asked of Mr. Gines.
About SubPennyRadio
SubPennyRadio is a commercial-free, interactive broadcast offering listeners exclusive interviews with subject-matter experts, insight into enterprising companies, and detailed technical analysis. The show scans the trading field covering well-known companies to undiscovered market gems trading on the U.S. stock exchanges and OTC/OTCBB.
SubPennyRadio encourages "better investing" by highlighting common characteristics of stocks on the verge of a breakout in their particular industries. Emphasis is on due diligence that include reviewing charts, SEC filings, and news events. For additional information visit http://www.subpennyradio.com.
About National Hyperbaric Rehab Center
National Hyperbaric Rehab Center, Inc. installs and operates full service wound care centers under the trade name SanCuro Wound Care Systems. At any given time 2-2.5% of the population is suffering from wounds. National’s doctors and nurses determine the proper treatment for the best resolution to the wound issue. Many National Hyperbaric Rehab Center patients have non-healing wounds and they become high risk for amputation. The use of hyperbaric medicine has been approved by Medicare and the FDA as an advanced protocol for problem wounds.
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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CITADEL SECURITY SFTWR McAfee Acquires Assets of Citadel Security Software 12/4/2006 DALLAS, Dec 04, 2006 (BUSINESS WIRE) --
Citadel Security Software Inc. (OTCBB: CDSS) today announced that McAfee, Inc. (NYSE: MFE) has acquired substantially all of the assets of Citadel and its subsidiaries. Under the terms of the asset sale, McAfee acquired substantially all of the assets of Citadel, including, but not limited to, Citadel's intellectual property and technology, and McAfee paid to Citadel $60,020,579 in cash.
As described in the company's Definitive Proxy Statement filed with the U.S. Securities and Exchange Commission on November 3, 2006, shareholders of Citadel will receive two or more liquidating distributions. The initial distribution is currently expected to be made in January 2007 following expiration of the 30 day indemnification period contemplated by the asset purchase agreement, and the final cash distribution would be made when all liabilities of the company have been satisfied. The amount and timing of the above-described distributions are dependent upon a variety of factors, including the timing of winding up Citadel's business, the amount of any indemnification payments, and the costs, expenses and time involved in satisfying Citadel's current liabilities and obligations, and those incurred by Citadel following the closing of the asset sale. Citadel will announce a record date for the distribution at least 10 days prior to the distribution.
Forward-Looking Statements
This press release contains forward-looking statements based on current Citadel management expectations. Those forward-looking statements include all statements other than those made solely with respect to historical fact. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statements. These factors include, but are not limited to, (1) the ability to recognize the benefits of the asset purchase transaction, including without limitation the risk that the amount of the proposed distribution to Citadel's common stockholders could be reduced based on uncertainties related to the amounts of taxes, liabilities, wind down expenses, indemnification obligations or transaction expenses; (2) the amount of the costs, fees, taxes, expenses and charges related to the transactions and winding down expenses; and (3) the matters disclosed in the "Risk Factors" sections of the most recent SEC filings by Citadel. Many of the factors that will determine the outcome of the subject matter of this press release are beyond Citadel's ability to control or predict. Citadel undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Citadel Security Software Inc.
Citadel Security Software Inc. Steven B. Solomon, President and CEO, 214-520-9292 Copyright Business Wire 2006
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Cord Blood America Announces CEO Matthew Schissler to Appear Live on ***.com, Key Investor Internet Program 12/4/2006
LOS ANGELES, Dec 04, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Cord Blood America, Inc. (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell preservation company (http://www.cordblood-america.com) focused on bringing the life saving potential of stem cells to families nationwide and internationally, announced today that Matthew Schissler, CEO, will appear live at 10 a.m. Pacific on Tuesday, December 5, on the popular ***.com market news show to discuss the Company's achievements and future outlook.
Investors can hear the interview at http://www.***.com. Market News First is the only online, live, IPTV provider bringing market news and features to interested investors. Market News First is noted for its one-on-one interviews with the executives of public companies to deliver the answers to the questions that investors are currently asking.
"It is important that we use venues such as this to tell our outstanding story and to interest new investors in Cord Blood America," said Mr. Schissler. Cord Blood America recently announced the purchase of the operating entity and assets of CorCell, Philadelphia, Pa., which collects umbilical cord blood stem cells from hospitals in all 50 states and internationally. Cord Blood America is now the fourth largest out of 26 family cord blood stem cell banks in the U.S.
About Cord Blood America
Cord Blood America (OTC Bulletin Board: CBAI) is the parent company of CorCell, which facilitates umbilical cord blood stem cell preservation for expectant parents and their children. Its mission is to be the most respected stem cell preservation company in the industry. Collected through a safe and non-invasive process, cord blood stem cells offer a powerful and potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders. To find out more about Cord Blood America, Inc. (OTC Bulletin Board: CBAI), visit our website at www.corcell.com. For investor information, visit www.cordblood-america.com.
Forward-Looking Statements
Some statements made in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements including those related to the growth of the industry, new stem cell treatments, and the Company's performance, are only predictions and are subject to certain risks, uncertainties and assumptions. Additional risks are identified and described in the Company's public filings with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.
CONTACT: Paul Knopick E & E Communications 949/707-5365 pknopick*eandecommunications.com
SOURCE Cord Blood America, Inc.
Paul Knopick of E & E Communications, +1-949-707-5365, pknopick*eandecommunications.com, for Cord Blood America, Inc. http://www.***.com
Copyright (C) 2006 PR Newswire. All rights reserved
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The Motion Picture Group, Inc. Announces Officers for Upcoming Year The Motion Picture Group, Inc. (Pink Sheets:MPRG), a film/entertainment financing and production company, announced today that its Board of Directors has appointed corporate officers for the upcoming year.
Pliny Porter, the Company's Chief Executive Officer and Chairman recently resigned for personal reasons. Following that resignation, the Board appointed Scott Franklin as Chief Executive Officer and Henri Kessler as President. Messrs. Franklin and Kessler also serve as directors of the Company.
The Company changed it business address to 3940 Laurel Canyon Blvd. #858 Studio City, CA 91604.
About the Motion Picture Group, Inc.
The Motion Picture Group, Inc. was created to meet the needs of the international entertainment industry through financing and producing commercially driven motion pictures for the domestic and international arenas. The Company's management team has produced and developed many films that have received international acclaim and are box-office successes. Corporate offices are located at 3940 Laurel Canyon Blvd. #858 Studio City, CA 91604. Questions should be directed to Henri Kessler, President at (310) 492-5560 or may be emailed to info*themotionpicturegroup.com. More information about the Company and its management is available on the Company's website at www.themotionpicturegroup.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities of The Motion Picture Group, Inc. Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.
The Motion Picture Group, Inc., Los Angeles Henri Kessler, President, 310-492-5560 info*themotionpicturegroup.com
Source: Business Wire (December 4, 2006 - 8:26 PM EST)
PANAMERSA Corporation/PayPro, Inc. Board of Directors Declares 4th Quarter Dividend DALLAS & PANAMA CITY, Republic of Panama--(BUSINESS WIRE)--Micheal Scott Terrell, President/CEO of PANAMERSA Corporation/PayPro, Inc. (Pink Sheets: PYPR), a US Public Company based in Dallas, Texas, U.S.A., and the Board of Directors met today in Panama City and declared a 4th Quarter Dividend to all legal shareholders PYPR Common stock as of December 20, 2006 of One Square Meter of the Corobici Wildlife Refuge Canas, Guanacaste, Costa Rica, Central America, for every 10,000 shares of common stock.
Mike Terrell CEO of PANAMERSA Corporation/PayPro, Inc., speaking on behalf of the board, stated: “The Board felt it of great importance that all of our shareholders begin the journey to Carbon Neutrality and have a stake in the preservation and protection of our Environment. Each shareholder will be issued 1 PDR. Each PDR will state the corresponding number of square meters it represents.
About PANAMERSA Corporation/PayPro Incorporated:
PANAMERSA Corporation/PayPro Incorporated (Pink Sheets: PYPR) is a holding company for a group of business enterprises which promotes the commercial integration of Latin America into the economic development of the Western Hemisphere, and is engaged in global e-commerce and e-biz Solutions offering interactive e-commerce and e-biz programs. PANAMERSA Corporation/PayPro offers a range of goods and services ON LINE as follows:
Visa prepaid cards; e-commerce merchant accounts; Life insurance policies, Gold transactions; Telephony services, Text messaging, VoIP, Micro forests properties, Real estate investment participations, Fixed and variable income Real estate properties in Costa Rica and Panama, Offshore financial services, Asset management and protection; Travel services, Leisure, Business, Health, Relocation services, and Digital marketing services.
Forward Looking Statements is not historical fact as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
I do not recommend making buy or sell decisions based upon my opinion. My posts do not necessarily imply that I either hold, or have any interest in holding a position in a stock.
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Press Release Source: Sulja Brothers Building Supplies, Ltd.
SLJB Issues Correction for Unintentional Mis-Statement: September 05, 2006 Press Release Retracted Tuesday December 5, 12:44 am ET
WINDSOR, ON--(MARKET WIRE)--Dec 5, 2006 -- A Sulja Bros. Building Supplies (Other OTC:SLJB.PK - News) spokesperson announced a clarification of its September 05, 2006 press release. SLJB made a mistake in the wording and in the timing of the release. Although the statements were made honestly and from the most up-to-date information available to the company at the time, circumstances far beyond the control of SLJB and occurring nearly simultaneously with the completion of the release now serve to have the Company take pause and recant the information. This effort has been put forth previously in the Statement of former CEO Petar Vucicevich on the corporate web site, www.suljabros.com. However, in light of recent questions concerning the press release, the Company is compelled to state in no uncertain terms that the concrete commodities mentioned in that release and the corresponding transaction were indeed cancelled and no contract, even if drafted to finality, was consummated. SLJB hopes that this statement serves to provide a final concurrence or addendum to the entire issue.
The September 05, 2006 press release follows below, presented in its entirety:
Sulja Bros. Building Supplies Ltd. -- Announces Closing of Abu Dhabi Cement Contract
A Sulja Bros. Building Supplies (Other OTC:SLJB.PK - News) spokesperson announced the closing of the cement contract in Dubai with Ramada General Contracting in Abu Dhabi, UAE.
ADVERTISEMENT click here CEO Steve Sulja stated: "The cement contract has been finalized, and the contract is officially closed. The contract is for seven million metric tons of cement per year. The cement will be transported to Abu Dhabi, UAE.."
Wessal International's President, Ahmed Khalil Al-Muslmani, stated: "Ramada General Contracting is paying an average of USD $50.00 per metric ton. The deal produces yearly revenues of USD $350,000,000. The UAE currently faces a shortage in cement production. We are continuously looking to fill this need."
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.
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BANY (.0056) Expands Distribution of New Electro Diagnostic Testing Device
Business Wire "US Press Releases "
LOS ANGELES--(BUSINESS WIRE)--
Banyan Corporation (OTCBB:BANY), franchisors of nationally branded Chiropractic USA clinics, and owner of Premier Medical Group and Virtual Medical Systems, Inc. (VMS), announced it has entered a new distribution agreement with GP Diagnostics of Lexington, South Carolina, valued to add revenues of $3.5 million from sales of its innovative VT3000 electro - diagnostic testing device.
Kevin Gobbi, CEO of GP Diagnostics, said: "I'm very excited about selling VMS's new VT3000. It is a revolutionary electro-diagnostic device, particularly appealing to health care practitioners due to its ease of operation, convenience and the live viewing component. We are currently ramping up to commence sales, and I believe we will be able to conservatively sell 150 of these units in 2007."
Banyan CEO Michael Gelmon added: "We are very pleased to announce this agreement with GP Diagnostics. VMS and GP Diagnostics project earnings of $24,000 per year per machine. Thus, on an annualized basis, we expect to add an excess of $3.5 million in revenue as a first year sales effort."
About Banyan Corporation:
Banyan Corporation is a publicly traded holding company focused on investing in and building a network of operating subsidiaries engaged in various innovative businesses. Currently the company's subsidiary, Chiropractic USA, Inc. is focusing on the development of branded Chiropractic clinics throughout North America by way of franchising and the use of uniform operating systems and practices. The company's other subsidiaries, Premier Medical Group LLC, and Virtual Medical Systems, Inc., provide diagnostic testing services to physicians nationwide in addition to marketing the VT3000 Electro-diagnostic testing machine.
This Press Release contains or incorporates by reference forward looking statements including certain information with respect to plans and strategies of Banyan Corporation. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Banyan Corporation operations that could differ materially from those indicated by such forward looking statements.
Source: Banyan Corporation
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UDTT (.0075) New E-commerce Store Featured on US Department of Commerce's Website in the United Kingdom
PR Newswire "US Press Releases "
LOS ANGELES, Dec. 5 /PRNewswire-FirstCall/ -- Universal Detection Technology (www.udetection.com) (OTCBB: UDTT), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, announced today that its e-commerce store has been added to DOC's Commercial Service's website as a featured US exporter.
"We continue to collaborate with the Commercial Service to market our products and services globally," said Jacques Tizabi, UDTT's CEO. "Our recent move is aimed at informing the global community of our diverse products and services including our educational reference videos and DVDs," he added.
For more information please visit www.udetection.com or Email us at info*udetection.com.
About US Commercial Service
The US Commercial Service is a part of the US Department of Commerce and is active in promoting the sales and presence of US companies in various markets around the world. With offices in the US and in several foreign territories, the US Commercial Service offers several ways to grow US businesses' international sales. The tasks of the Commercial Service include, and are not limited to, world-class market research, trade events that promote US products or services to qualified buyers, introductions to qualified buyers and distributors, and counseling through every step of the export process.
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 bio hazard substances. For more information, please visit http://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.
SOURCE Universal Detection Technology
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UPDA (.129) Subsidiaries Continue Acquisition Programs in Order to Expand within Localities - Additional Leases and Rights of Way Purchased - Ownership of Existing Lease Consolidated
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
Universal Property Development and Acquisition Corporation (OTCBB: UPDA) subsidiary Catlin Oil and Gas, Inc. has purchased 5 additional leases contiguous to its existing oil and gas field in Jack County, Texas, and obtained a right of way of more than 2 miles in order to connect the north and south ends with a high-pressure natural gas pipeline.
UPDA's Canyon Creek Oil and Gas subsidiary has also negotiated the acquisition of the remaining 25% working interest that had remained outstanding in its Prideaux property. As a result of this purchase, Canyon Creek now owns all of the working interest in that lease.
"These acquisitions are a further demonstration of the refinement of our business plan to expand and improve properties where we have already made significant investment and to maximize our efficiencies and economies of scale," reports Chris McCauley, Vice President of UPDA. "Although we fully intend to continue our growth in any area in which we find significant opportunity, we also recognize the advantages of expanding in our existing areas of interest and we intend to exploit the favorable conditions presented in those areas."
"The new acquisition in Jack County consists of 5 contiguous leases containing nearly 200 acres and five wells that we will simply expand our workover program to include. The cost of this expansion is negligible while the potential is enormous," continued McCauley. "On the Prideaux, we will now be able to pursue the intended revitalization without the potential for delay that outstanding working interests present. We have significantly increased our upside with little or no downside. Our acquisition and land management department has been directed to aggressively pursue these types of opportunities."
For timely updates of this progress, visit UPDA's website at: www.universalpropertydevelopment.com, which will report production from all of the wells as improvements to the site and the wells continue.
About UPDA
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Source: Universal Property Development and Acquisition Corporation
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AMMX (.052) Heavy Equipment Division Books Six New Orders
Business Wire "US Press Releases "
CHICO, Calif.--(BUSINESS WIRE)--
While touring the new Terex facility in Memphis TN., Mr. Lee Hamre, President of AmeraMex International, (Pink Sheets:AMMX), announced additional sales of Terex equipment. "We are excited about closing six new orders for Terex equipment. Terex has given us the ability to be very competitive not only with price but also on delivery. Some of our new customers are here with me touring this new facility and our extremely impressed with the quality of the machines being built and assembled here."
In addition to the container handling equipment sales booked and announced last week, Hamre Equipment, AmeraMex International's heavy equipment subsidiary, has booked another 3 million of the 9 million promised. "It is amazing how strong we are ending this year," Mr. Hamre commented.
AmeraMex is continuing to discuss a large gravel mining and loading contract in South America. These sales would enable AmeraMex to exceed there sales forecasts for '07. Mr. Hamre will be working especially hard to complete this deal. "There are a lot of components that need to come together for gravel to start moving into Houston and New Orleans. I am talking with everybody involved at least twice a week and so far we haven't hit an unmovable roadblock yet," Mr. Hamre explained.
Recently AmeraMex International completed its merger with Hamre Equipment, a 30-year-old company. AmeraMex International now sells heavy equipment through the Hamre Equipment Division into many sectors of our economy including port operations, heavy construction, light construction, mining, and all types of earth moving. For additional information see WWW.AMMX.NET.
SAFE HARBOR STATEMENT
This press release contains 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 (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements.
Source: AmeraMex International Inc.
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EP Global Communications Inc. and the U.S. Army Partner to Provide Education and Services to Family and Morale, Welfare and Recreation Command's Exceptional Family Member Program, Medical Staff and Families of Children and Adults with Special Needs JOHNSTOWN, Penn., Dec. 5 /PRNewswire-FirstCall/ -- EP Global Communications Inc. (OTC Bulletin Board: EPGL) today announced it is the recipient of an $850,000 research contract for a U.S. Army Research Project entitled 'Exceptional Family Training and Transitioning Program,' focusing on education and training in the developmental and special health care needs arena. EP is expected to deliver all service under the contract in 2007, commencing January 2007. The Company will work with the U.S. Army Medical Research and Materiel Command (USAMRMC) and Family and Morale, Welfare and Recreation Command's (Family and MWR Command) Exceptional Family Member Program (EFMP) program managers and families to develop and implement a series of online CME and CEU accredited interactive TV-quality seminars on a variety of disability-specific topics. In addition, EP Global Communications will issue a special U.S. Army section of Exceptional Parent Magazine monthly throughout 2007. EP's flagship publication, Exceptional Parent, is devoted to individuals with special needs and their families, as well as physicians, allied health care professionals, teachers and caregivers. EP will also provide selections from the Exceptional Parent Bookstore to be delivered to specified U.S. Army installations and special needs families, while at the same time continuing to extend this valuable information for public interest.
The project is in response to a growing need inside the military among the many families caring for children, young adults, adults and returning soldiers with disabilities and special health care concerns. Providing this crucial information to families, in partnership through EFMP managers, and health care professionals contributes to overall unit readiness and effectiveness. Joseph M. Valenzano, Jr., the President and CEO of EP Global Communications Inc., views this venture as 'a great example of civilian and military cooperation focused on an area that helps improve the quality of life for military families and those they care for. At the same time, this project showcases the dedication and commitment of the talented physicians, EFMP managers, occupational and physical therapists and nurses who devote their energies to caring for those who have sustained significant disabilities in the defense of our freedom.' It is estimated that one member of every squad in the U.S. Army is caring for a child, young adult or adult with special needs.
Upon commencement, EP Global and Family and MWR Command EFMP will ask their mutually designated representatives to implement and distribute plan goals, following a needs assessment meeting with representatives of the Army Medical Command, Family and MWR Command, EFMP managers, Office of Secretary of Defense (OSD) Educational Opportunities, and other interested parties. Up to eight military installations will be identified as the target U.S. Army recipients of this information, and these centers will be key sites for measuring the effectiveness of this research undertaking.
Beginning in January 2007, EP Global will deliver monthly up to 8,000 customized copies of its flagship publication, Exceptional Parent Magazine to the designated military installations that include the major hospitals and/or combined rehabilitation facilities.
EP Global will also work with the Family and MWR Command EFMP program managers, Army Medical Corps and professional medical societies such as the American Academy of Developmental Medicine and Dentistry (AADMD) in developing and executing up to six CME and CEU accredited online interactive TV-quality seminars to Exceptional Family Military Program (EFMP) families, Army Medical Staff and others in the area of developmental disabilities. The topics of these seminars will be selected by the special needs assessment Family and MWR Command EFMP delegates working in concert with EP Global Communications and its associated partners, the AADMD and Vemics, Inc.
The Exceptional Parent Bookstore (http://www.eplibrary.com ) will also arrange to provide each of the designated military installations with books and materials from its diverse collection of valuable special needs publications.
About EP Global Communications, Inc.
EP Global Communications (http://www.eparent.com ) ('Exceptional Parent') is a 35-year-old award-winning publishing and communications company which provides practical advice and emotional support to families of children and adults with disabilities and special health care needs -- as well as the physicians, allied health care and educational professionals who are involved in their care and development. EP uses a multi-media approach to disseminate information via: its monthly award-winning publication, Exceptional Parent; web site (http://www.eparent.com ); clinical custom communications projects; the EP Library Bookstore (http://www.eplibrary.com ) of disability books, videos and tapes; live and on-line interactive CME/CEU accredited Seminars & Teleconferences on a wide range of special needs topics in the chronic long term disabilities and special needs community.
About the Exceptional Family Member Program
Army Regulation (AR) 608-75 and the Assistant Chief of Staff for Installation Management is the proponent for EFMP. The program is a mandatory enrollment program that works with other military and civilian agencies to provide comprehensive and coordinated community support, housing, educational, medical, and personnel services to families with special needs. Soldiers on active duty enroll in the program when they have a family member with a physical, emotional, developmental, or intellectual disorder requiring specialized services so their needs can be considered in the military personnel assignment process.
Safe Harbor Statement
Certain matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of projects due to the variability in size, scope and duration of projects, estimates made by management with respect to the Company's critical accounting policies, regulatory delays, clinical study results which lead to reductions or cancellations of projects, and other factors, including general economic conditions and regulatory developments, not within the Company's control. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward- looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
SOURCE EP Global Communications Inc.
Source: PR Newswire (December 5, 2006 - 8:30 AM EST)
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GMSC (.0065)Grand Entertainment & Music, Inc. Announces Big Lou's Invitation to Open for Tri-State Showcase Series Market Wire - December 5, 2006 7:00 AM (EDT)
MONTREAL, QC, Dec 05, 2006 (MARKET WIRE via COMTEX) -- Grand Entertainment & Music, Inc. (PINKSHEETS: GMSC) announces that Lost City artist, Big Lou has been invited to be the opening act for a tri-state, five series showcase tour.
On December 6th, up and coming rapper Big Lou will be performing at Don Hills (511 Greenwich Street New York, New York) in the first of a five show tri-state series. The Legendary M.O.P. will be hosting the December edition of Adante Ace's artist showcase. Other artists performing in this showcase include: Ali Vegas, Jinx da Juvi, and Uncle Murda. The tour will continue over the next few months with Big Lou opening for Jim Jones, Papoose and Remy Ma, and Ghostface. For more information or to obtain tickets for the show at Don Hills, contact 347-248-1477 or email MOPtickets*aosentertainment.com
The buzz about Big Lou is growing. His second album, "Resurrecting The Dead," has independently sold thousands of units in less than one month. The album has gotten rave reviews from RapCapital.com, Rapmullet.com, and from Thick Magazine, a Canadian publication. On the worldwide level, "Resurrecting The Dead" is now on iTunes, giving Big Lou international exposure.
"When a young artist is invited to open for major acts, he can feel confident that he is well on his way to stardom," stated President Fred Berlin. "People are really taking notice of Big Lou since the release of his second album. I am very proud to be a part of this rapper's continuing success in the music industry, and I look forward to watching him grow."
About Grand Entertainment & Music, Inc.
Based in Montreal, Canada and incorporated in November 1998, the Company is an independent music entity that produces, promotes, markets and controls the copyrights on music recordings in multiple formats. Additionally, The Company's multi-million dollar studio, Cherry Studios, has produced voice-overs and sound tracks for commercials and film. In addition, Cherry Studios has also produced thousands of recordings and has to its credit a total of 23 gold and platinum albums. GEM has recently found success in the reggaeton market with its signature artist, Qbanito. Qbanito's debut album has already generated a #1 hit in Canada and is currently being marketed by Universal Music in Europe. Grand Entertainment also controls exclusive rights to vast catalogues of previously unreleased recordings from Cuban music archives. In November 2006, Grand Entertainment acquired half of Lost City Records, adding a half dozen award-winning artists, including rising rap star Big Lou, and a 500+ song catalogue to Grand's existing assets. In addition, the company will continue to focus on growth through acquisitions over the next twelve months in an effort to reach its mission of becoming a premier production, recording, publishing, and internet distribution company.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of Grand Entertainment & Music (GEM) Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact: Grand Entertainment and Music, Inc. Investor Relations (866) 795-4366 IR*Gmsc-info.com www.gmsc-info.com
Alternet Systems Inc.: Republic of Guinea Update Alternet Systems Inc. (OTCBB: ASYI)(FWB: EJM) announces that it will deploy a SchoolWeb project in the Republic of Guinea, Africa. The system will employ a wireless broadband network, coupled with SchoolWeb network and learning management software, in cooperation with the Ministry of Education.
Guinea is one of the key markets in Sub-Saharan Africa with a population base of over 9.5 million, of which 2 million are school children between the age of 5 and 18. There are approximately 6,000 primary and secondary schools in Guinea. The network revenue potential in Guinea is estimated to exceed $20 million dollars per year.
The President of Alternet, Mr. Pat Fitzsimmons, states, "This will be the Company's first SchoolWeb deployment in Africa, and will provide a springboard for Alternet's network systems throughout the region." Alternet is in discussions to install wireless broadband networks in 5 other countries in Africa.
In addition to broadband internet for Guinea's schools, Alternet will offer local residents, businesses and government a variety of commercial services such as: fixed and mobile telephones, IPTV and video conferencing.
Less than 1% of the population of Guinea has internet access and only 2% have telephone service of any kind, providing an excellent market opportunity for Alternet Systems. In Africa, only the major cities have access to the Internet, leaving the 70% of the population located in rural areas with no Internet access and minimal phone service.
Internet-based (Voip) phones have become commonplace in North America and have the potential to revolutionize telecom in Guinea and Africa. There is also a huge potential market for Internet-based mobile phones, as a cheaper alternative for high-cost cellular service.
The Company's turnkey wireless broadband systems deliver Internet-based telecom service to the most rural areas of a country, in addition to delivering the Internet to schools and health centers. Alternet's cost-effective broadband systems have the ability to deliver telecom services throughout Guinea and provide a significant revenue stream to the Company.
Alternet Systems sees Guinea as a milestone in the goal of providing Internet-based telecom and education services, to an underserved country whose economic potential is significant.
About Alternet Systems Inc.:
Alternet Systems provides comprehensive broadband telecommunications services to locations around the world. Alternet has also developed best-in-class application software, SchoolWeb and HealthWeb, for the education and healthcare sectors. Alternet combines its application software with wireless broadband, allowing it to deliver high-speed Internet to schools and telecom services to residents and businesses. For further information contact Griffin Jones toll free at 1-800-608-2540 or visit our website at www.alternetsystems.com.
On Behalf of the Board of Directors
ALTERNET SYSTEMS INC.
Griffin Jones, Director
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Source: Market Wire (December 5, 2006 - 6:00 AM EST)
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ILGY (.0045) Has Signed LOI to Acquire 50% Interest in Oil Fields Located in Central Asia
Market Wire "US Press Releases "
ORLANDO, FL -- (MARKET WIRE) -- 12/05/06 -- International Energy, Ltd. (PINKSHEETS: ILGY) has signed Letters of Intent to acquire 50% interest in oil fields located in the Atyrauskeye and Mangystauskeye regions of Kazakhstan with proven oil reserves of 140 Million barrels.
The joint venture partner in this project will be the Kazakhstan government. The purchase price of US$12 million will be applied to upgrading equipment to increase daily production at these fields.
CEO David Watson stated: "Kazakhstan provides a great opportunity for the realization of our company's strategic objectives due to the enormous oil and gas reserves in this region."
About International Energy, Ltd.
International Energy, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas-related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.
Safe Harbor Statement
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
CONTACT:
International Energy, Ltd. D. Watson Tel: (407) 574-6623 Email: ilgyinfo*yahoo.com
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COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
NUCON-RF, Inc. to File Form 10-SB by January 5
MOSCOW, Dec 5, 2006 (*********wire via COMTEX) -- NUCON-RF, Inc. (Pink Sheets:NNRF) today announced that its fiscal quarter reviews for the three and six months ended June 30, 2006 have been completed by the Company's outside auditors. The quarterly review for the three, six and nine months ended September 30, 2006 will be finalized shortly. As a result of meetings held in Moscow, Berlin, London and St. Petersburg in November and early December, the Company is amending the business section of the registration statement on Form 10-SB to address the increase and nature of activities that the Company believes will occur as a result of these meetings. The Company now plans to file the Form 10-SB prior to January 5, 2007. Following the filing, the Company intends to immediately seek quotation of its common stock on the OTC Bulletin Board.
NUCON-RF, a U.S. corporation with executive and operations office located in Moscow and Berlin, is a technical solutions company focused on environmental markets in the Former Soviet Union, Eastern Europe and Asia. NUCON has the capability to provide product, technological and engineering support addressing environmental, power quality and radioactive waste challenges. These solutions address compliance, shielding, transport and storage requirements, plant equipment protection, energy efficiency and remediation techniques for diverse radioactive and toxic wastes. The company possesses extensive in-house expertise in all aspects of radiological protection and radiological waste management.
Safe Harbor Statement
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding announcements of financial results, business potentiality and other prospective presentations by NUCON-RF, Inc. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products in domestic and international markets will continue to expand. NUCON-RF undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in NUCON-RF's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
posted
AXGJ (.0165) International Building Technologies, Inc., a Subsidiary of Axia Group, Inc., Establishes Hong Kong Office
PR Newswire "US Press Releases "
SAN DIEGO, Dec. 5 /PRNewswire-FirstCall/ -- International Building Technologies, Inc., a wholly owned subsidiary of Axia Group, Inc. (OTC: AXGJ), announced today that it has established an office in Hong Kong in order to pursue new opportunities in China. The Company's Hong Kong office will support the Company's financial and administrative operations.
Stated Jeffrey Flannery, CEO of Axia Group, Inc., "This office in Hong Kong will allow us to better and more effectively coordinate our efforts in China as well as work with opportunities throughout the region."
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of AXGJ officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future AXGJ actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and AXGJ has no specific intention to update these statements.
SOURCE Axia Group, Inc.
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EP Global Communications Inc. and the U.S. Army Partner to Provide Education and Services to Family and Morale, Welfare and Recreation Command's Exceptional Family Member Program, Medical Staff and Families of Children and Adults with Special Needs PR Newswire - December 05, 2006 08:30
JOHNSTOWN, Penn., Dec 05, 2006 /PRNewswire-FirstCall via COMTEX/ -- EP Global Communications Inc. (OTC Bulletin Board: EPGL) today announced it is the recipient of an $850,000 research contract for a U.S. Army Research Project entitled "Exceptional Family Training and Transitioning Program," focusing on education and training in the developmental and special health care needs arena. EP is expected to deliver all service under the contract in 2007, commencing January 2007. The Company will work with the U.S. Army Medical Research and Materiel Command (USAMRMC) and Family and Morale, Welfare and Recreation Command's (Family and MWR Command) Exceptional Family Member Program (EFMP) program managers and families to develop and implement a series of online CME and CEU accredited interactive TV-quality seminars on a variety of disability-specific topics. In addition, EP Global Communications will issue a special U.S. Army section of Exceptional Parent Magazine monthly throughout 2007. EP's flagship publication, Exceptional Parent, is devoted to individuals with special needs and their families, as well as physicians, allied health care professionals, teachers and caregivers. EP will also provide selections from the Exceptional Parent Bookstore to be delivered to specified U.S. Army installations and special needs families, while at the same time continuing to extend this valuable information for public interest.
The project is in response to a growing need inside the military among the many families caring for children, young adults, adults and returning soldiers with disabilities and special health care concerns. Providing this crucial information to families, in partnership through EFMP managers, and health care professionals contributes to overall unit readiness and effectiveness. Joseph M. Valenzano, Jr., the President and CEO of EP Global Communications Inc., views this venture as "a great example of civilian and military cooperation focused on an area that helps improve the quality of life for military families and those they care for. At the same time, this project showcases the dedication and commitment of the talented physicians, EFMP managers, occupational and physical therapists and nurses who devote their energies to caring for those who have sustained significant disabilities in the defense of our freedom." It is estimated that one member of every squad in the U.S. Army is caring for a child, young adult or adult with special needs.
Upon commencement, EP Global and Family and MWR Command EFMP will ask their mutually designated representatives to implement and distribute plan goals, following a needs assessment meeting with representatives of the Army Medical Command, Family and MWR Command, EFMP managers, Office of Secretary of Defense (OSD) Educational Opportunities, and other interested parties. Up to eight military installations will be identified as the target U.S. Army recipients of this information, and these centers will be key sites for measuring the effectiveness of this research undertaking.
Beginning in January 2007, EP Global will deliver monthly up to 8,000 customized copies of its flagship publication, Exceptional Parent Magazine to the designated military installations that include the major hospitals and/or combined rehabilitation facilities.
EP Global will also work with the Family and MWR Command EFMP program managers, Army Medical Corps and professional medical societies such as the American Academy of Developmental Medicine and Dentistry (AADMD) in developing and executing up to six CME and CEU accredited online interactive TV-quality seminars to Exceptional Family Military Program (EFMP) families, Army Medical Staff and others in the area of developmental disabilities. The topics of these seminars will be selected by the special needs assessment Family and MWR Command EFMP delegates working in concert with EP Global Communications and its associated partners, the AADMD and Vemics, Inc.
The Exceptional Parent Bookstore (http://www.eplibrary.com ) will also arrange to provide each of the designated military installations with books and materials from its diverse collection of valuable special needs publications.
About EP Global Communications, Inc.
EP Global Communications (http://www.eparent.com ) ("Exceptional Parent") is a 35-year-old award-winning publishing and communications company which provides practical advice and emotional support to families of children and adults with disabilities and special health care needs -- as well as the physicians, allied health care and educational professionals who are involved in their care and development. EP uses a multi-media approach to disseminate information via: its monthly award-winning publication, Exceptional Parent; web site (http://www.eparent.com ); clinical custom communications projects; the EP Library Bookstore (http://www.eplibrary.com ) of disability books, videos and tapes; live and on-line interactive CME/CEU accredited Seminars & Teleconferences on a wide range of special needs topics in the chronic long term disabilities and special needs community.
About the Exceptional Family Member Program
Army Regulation (AR) 608-75 and the Assistant Chief of Staff for Installation Management is the proponent for EFMP. The program is a mandatory enrollment program that works with other military and civilian agencies to provide comprehensive and coordinated community support, housing, educational, medical, and personnel services to families with special needs. Soldiers on active duty enroll in the program when they have a family member with a physical, emotional, developmental, or intellectual disorder requiring specialized services so their needs can be considered in the military personnel assignment process.
Safe Harbor Statement
Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of projects due to the variability in size, scope and duration of projects, estimates made by management with respect to the Company's critical accounting policies, regulatory delays, clinical study results which lead to reductions or cancellations of projects, and other factors, including general economic conditions and regulatory developments, not within the Company's control. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward- looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
SkyBridge Technology Group, Inc. ''SBTG'' Announces Its Subsidiary (Sierra Pacific Aviation, Inc.) Has Expanded Its Relationship with Club Big Bear Business Wire - December 05, 2006 09:00
LAS VEGAS, Dec 05, 2006 (BUSINESS WIRE) -- SkyBridge Technology Group, Inc. (OTC:SBTG) Board of Directors has announced today that its wholly owned subsidiary, Sierra Pacific Aviation Inc., announced today the expansion of the Club Big Bear relationship to include fractional real estate sales combined with managed aircraft co-ownership options for a new resort in Costa Rica. "This is another international marketing opportunity for Sierra Pacific, and should fit in very well within our community of aviators," stated Brent Neville, President of Sierra Pacific.
Certain Information
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of STGI officials are "Forward-Looking Statements": within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Certain statements in this news release may contain forward-looking information and are based on Management's current expectations, estimates and projections subject to change. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements. Unless legally required, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company disclaims any information that is created or distributed by any outside party and endorses only information that is communicated by its official Press Releases.
Tulip BioMed's Disposable Cannulas Used for Teaching Workshop at Saint Louis University New Instruments Supporting Safer Cosmetic Surgery Used by Faculty in "Endoscopic and Minimally Invasive Surgery for the Aging Face" Workshop Tulip BioMed™, Inc. (PINKSHEETS: TPBD), a developer of medical devices and patented technologies for the living tissue markets, including plastic, cosmetic, and orthopedic surgeries, today announced it provided more than $2500 worth of disposable cannulas to Practical Anatomy & Surgical Education of Saint Louis University. The new disposable instruments were used in an intensive hands-on workshop entitled "Endoscopic and Minimally Invasive Surgery of the Aging Face," which took place Nov.17-18, 2006 at Practical Anatomy & Surgical Education. Minimally-invasive procedures are by far the fastest growing segment in the plastic and cosmetic markets according to statistics provided by the American Society of Plastic Surgeons.
This workshop was designed to provide plastic surgeons, facial plastic surgeons and cosmetic surgeons with an overview of contemporary surgical rejuvenation of the aging face, which includes fat transfer, and for which Tulip BioMed's instruments are specially designed. Tulip BioMed provided its disposable, minimally-invasive micro-cannulas for fat harvest, transfer and re-injection in a variety of sizes and tips. Special attention was directed toward restoring youthful volumes and contours to the aging midface, jawline, and neck. Approximately 35 participants and 17 faculty performed hands-on exercises on cadavers using state of the art techniques.
Oscar Ramirez, MD, FACS, who is a clinical assistant professor at Johns Hopkins University School of Medicine and the University of Maryland as well as a member of Tulip BioMed's Board of Scientific Advisors, was the featured speaker. According to Dr. Ramirez, the disposable cannulas have the potential to enhance fat graft survival. "When one studies the external surfaces, Tulip BioMed's disposable cannulas appear to create less micro-trauma. This implies reduced inflammatory irritation in a live patient, which may enhance results and reduce recovery times."
This workshop ran at the same time as several successful showings for Tulip BioMed at multiple fall medical conferences including: "Advances in Aesthetic Plastic Surgery: The Cutting Edge VI" in New York City, November 12 - 16; Annual Scientific Symposium of the American Society of Ophthalmic Plastic and Reconstructive Surgery (ASOPRS) held in Las Vegas, November 15 - 16; and QMP Aesthetic Surgery Symposium in Chicago, December 1 - 3. The new instruments were well-received by physicians who are concerned about patient safety and improved results.
The disposable instruments developed by Tulip BioMed are designed to solve cross-contamination issues by eliminating reuse of instruments in liposuction, fat transfer and other closed end cannula procedures. A lubricious coating, which covers both the inside and outside of the cannula, is designed to not only decrease the trauma to the cells inside the lumen, but also to increase the ease of manipulation for extraction and re-injection procedures, minimize bruising and shorten recovery periods.
Doctors who would like to sample Tulip BioMed instruments are encouraged to call the company at 800-978-8547.
About Tulip BioMed, Inc.
Tulip BioMed, Inc. (PINKSHEETS: TPBD) is a Nevada corporation with operations based in San Diego, California. Founded in 2004, Tulip BioMed, Inc. is a medical device, biotechnology company that manufactures and distributes patented technologies for the plastic and cosmetic surgery, biopsy, orthopedic surgery, stem cell therapy and other living tissue markets. Tulip BioMed, Inc. is the exclusive licensee of patented syringe connection devices that use the worldwide recognized Tulip brand name. Tulip BioMed, Inc. manufactures, markets, and distributes medical devices, adapted with these and other patented technologies, to physicians, clinics, military, health organizations, hospitals and other distribution outlets. For more information go to: www.tulipbiomed.com. Products are available for sale at www.tulipdisposable.com.
Safe Harbor: This press release contains certain forward-looking information about Tulip BioMed, Inc., which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)," and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Tulip BioMed, Inc., that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history, our need for additional capital to pursue our business strategy. We are a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission. We trade on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities. Readers are cautioned not to place undue reliance on these forward-looking statements. Tulip BioMed, Inc. does not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Source: Market Wire (December 5, 2006 - 8:28 AM EST)
Pangea Petroleum Announces Revenue from Fort Bend County, Texas Field Pangea Petroleum Corporation (OTCBB:PAPO) announced today that it has started to receive revenue for its interest in the Fort Bend County field acquired earlier this year. The revenue that started to accrue on October 1, 2006 is subject to Pangea's share of operating expense and debt repayment terms. The producing field consists of 20 wells on five properties that averaged 200 barrels of oil per day in October. The field also contains approximately 22 prospective undeveloped locations that will be sequentially developed over the next several years. Along with the revenue, Pangea will assume $25,470 in existing debt on the field as of October 1, 2006. Pangea has a 1.5% working interest, a 1.11% net interest, in the field.
"At current production rates, this field will double Pangea's monthly revenue. Based on the potential for future development, we expect that the revenue contribution from field production will increase significantly over the next few years," notes Chuck Pollock, CEO of Pangea. "This is an excellent step for Pangea and should provide quality revenue for a number of years in the future."
Pangea Petroleum Corporation (www.pangeapetroleum.com) is a Texas-based independent diversified crude oil and natural gas exploration and production company. Pangea's primary focus is to explore for, produce and sell oil and natural gas by establishing production reserves through exploration and acquisitions. Pangea's niche or specialty is the small or moderate operations that do not fit the strategy of the larger oil and gas producers, but are none-the-less contributors to the US energy supply.
Special Note: Management believes certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the company prior to its current fiscal year end, as well as from developments beyond the company's control, including changes in global economic conditions that may, among other things, affect the company's performance anticipated acquisitions or future business. In addition, changes in domestic competitive and economic conditions may also affect performance of all significant company businesses.
Pangea Petroleum Corporation, Houston Charles B. Pollock, 713-706-6350
Source: Business Wire (December 5, 2006 - 9:02 AM EST)
Martin Nutraceuticals Previews Book at Whole Life Expo in Toronto, Canada Martin Nutraceuticals Inc. (MNCL PK) is pleased to announce the highly successful preview of Dr. Tony Martin's newest book, "Medical Crisis: Secrets Your Doctor Won't Share With You." Dr. Martin, Director of Research and Development for Martin Nutraceuticals, was a featured speaker at the "Whole Life Expo" - Canada's largest showcase of natural health and alternative medicine. The showcase attracted between 15,000 to 20,000 visitors to the Metro Toronto Convention Center.
Dr. Martin introduced his book to a "standing room" only crowd during his presentation Sunday afternoon, then personally autographed his book to hundreds after his seminar. "This was a great response to the preview of the book and we can't wait to do the launch North America wide," stated Dr. Martin.
Harvey Panesar, President of Martin Nutraceuticals, stated, "Tony has authored a winning book and we can't wait to launch the book via Direct Response TV. Tony talks in layman terms to associate with the reader on how to effectively lead a healthier lifestyle." Mr. Panesar continued, "The book provides great insight into the benefits of our flagship products, Arthrizyme and Oxygenol, and why it is important to take our products on a daily basis."
About Martin Nutraceuticals Inc.
Martin Nutraceuticals Inc. is a company focused on providing a better health and lifestyle through natural products. Martin Nutraceuticals' flagship products include Arthrizyme(TM) for general joint pain and Oxygenol(TM) for anti-oxidation and Maximum Slim(TM) for weight control.
Arthrizyme(TM) is a unique blend of systemic enzymes proven to rapidly reduce inflammation in joints and muscles. Arthrizyme(TM) is not limited to anti-inflammatory effects; it also assists the body in the healing process by breaking down fibrin in joints and muscles. Arthrizyme(TM) differs from all other natural arthritis remedies and was designed to work for all types of arthritis and in all joints of the body. Arthrizyme(TM) is fast acting, usually improving symptoms within the first few days.
Safe Harbor Statement
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions.
Pilot Financial Communications Network Rick Gean, 888-772-8611 Direct: 480-247-2142 E-mail: ir*martinnutra.com
Source: Business Wire (November 27, 2006 - 6:33 PM EST)
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