Advanced Plant Pharmaceuticals, Inc. and H & H Equipment Co. (HHE) Sign Letter of Intent Agreement To Provide $1.2 Million in Financing for Construction of Two Biodiesel Plants 12/19/2006
NEW YORK, NY, Dec 19, 2006 (MARKET WIRE via COMTEX News Network) -- Advanced Plant Pharmaceuticals, Inc. (OTCBB: APPI) announced today the signing of a Letter of Intent (LOI) agreement with H & H Equipment Company, Inc. (HHE), a division of Hannah Industries, for the necessary financing to construct two biodiesel plants.
HHE, a Kentucky corporation engaged in coal mining, loading and blending, washing and marketing and brokering of coal for utilities and other large industrial users, is a privately held company. According to the terms of the LOI, HHE will provide $1.2 million in funding to APPI in exchange for a minority interest in APPI in the form of preferred convertible stock. The funds will primarily be used to construct two biodiesel plants, with one plant to be constructed in eastern Kentucky and one in Palm Beach County, Florida.
As previously announced, the biodiesel plant in Kentucky is for a coal mine which will require 4-5 thousand gallons a day. Revenue for the first full quarter of operation is projected at $1 million, or $4 million annually.
Separately, APPI has announced merger negotiations with an undisclosed clean coal technology company. The clean coal patented process is designed to increase the BTU of low quality coal which substantially increases the value of low-grade lignite and sub-bituminous coal. The environmentally friendly process captures and removes harmful elements without disintegrating the coal and destroying further processing. Significantly, the patented process requires only 4-18 minutes retention time vs. the industry standard of 2-6 hours. Further development will require limited capital expenditures to be funded via grants from future partners.
To be added to APPI's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir*advancedplantpharm.com.
About Advanced Plant Pharmaceuticals, Inc. (http://www.advancedplantpharm.com)
Advanced Plant Pharmaceuticals, Inc. (APPI) focuses on the research and development of whole plant-based nutritionals. The company has a composition-oriented patent for a proprietary process of utilizing whole plants to safely manufacture all-natural nutritional supplements. APPI markets and distributes its line of products including Lo-Chol(TM) worldwide through various sales distribution channels.
"Safe Harbor Statement'' Under The Private Securities Litigation Reform Act Of 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Advanced Plant Pharmaceuticals, Inc.'s actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact: Advanced Plant Pharmaceuticals, Inc. Investor Relations: LC Group Rick Lutz (404) 261-1196 ir*advancedplantpharm.com
SOURCE: Advanced Plant Pharmaceuticals, Inc.
mailto:ir*advancedplantpharm.com
Copyright 2006 Market Wire, All rights reserved.
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HYPF (.28) Enters into Negotiations for Joint Venture Agreement
Business Wire "US Press Releases "
WILMINGTON, Del.--(BUSINESS WIRE)--
HyPower Fuel, Inc. (PINKSHEETS:HYPF) is pleased to announce that Trivest Acquisition Corp., its proposed Joint Venture partner for Brazil, has indicated its eagerness to also represent HyPower and the Hydro Power Pak and its entire line of hydrogen products in the Republic of India. As previously announced, Trivest is a private corporation with business interests in South America, Latin America, Europe and India.
"Given the response that our Brazilian distribution network has shown with the HPP unit, it was only a matter of time before the rest of our network demanded to also be afforded the opportunity to represent HyPower," explained Mr. Michael Hattenburg, Senior Partner at Trivest Acquisition Corp. Mr Hattenburg went on to say, "The initial order that we have placed is the just the beginning, we are hoping to whet everybody's appetite knowing the immense hydrogen technology that are in the pipeline."
Mr. Doug Bender, President of HyPower Fuel Inc., responded by saying that "the Hydro Power Pak is such a durable and effective product that it will, in all likelihood, be very well received in a country such as India where fuel prices are high and emissions are becoming an ever-increasing problem."
Statistics show that urban air quality in India ranks around the world's worst with the number of air pollution related ailments requiring medical treatment and hospitalization rising to over 25 million, up approximately 40% in the past 14 years. It is also estimated that poor air quality also accounts for 66% of all premature deaths in India. World-wide it is believed that there are three million premature deaths caused by air pollution, over half of which are in India.
About the Hydro Power Pack (HPP)
The HPP is a retrofit hydrogen insertion device developed for use on tractor trailer rigs as well as stationary diesel engines to improve fuel economy, reduce harmful emissions and increase engine performance and horsepower. Although the HPP does not eliminate the need for gasoline, diesel or other fuels it does provide the onboard production of hydrogen that supplements the primary fuel source. HyPower believes the HPP is more efficient than any existing form of electrolysis-based hydrogen production/insertion technology. The HPP is a transition technology paving the way for future retrofit hydrogen production technologies that will allow engines to be fueled totally with hydrogen produced on board, on demand.
About HyPower Fuel, Inc.
HyPower Fuel, Inc. is a category leading company in the energy technology sector, focusing on providing innovative alternative energy through hydrogen production and hydrogen related products. HyPower has successfully commercialized the integration of hydrogen production and hydrogen insertion technologies using electrolysis to improve the overall performance and efficiency of the internal combustion engine while burning gasoline, diesel, natural gas, liquid propane, ethanol, methanol or a combination of fossil fuels and biofuels. HyPower's signature product, the Hydro Power Pak (HPP), has demonstrated a significant impact on the performance of engines while at the same time increasing fuel economy, significantly reducing harmful emissions, inducing a cleaner more efficient burn, and increasing torque and horsepower. The HPP results in greater productivity, less carbon residue and sludge build-up and overall increased operating efficiency. HyPower is also engaged in the research and development of hydrogen production technology and biofuel products.
For more information please contact Investor Relations at (973) 351-3868 or visit: www.hypowerfuel.com.
Safe Harbor Statement
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Source: HyPower Fuel, Inc.
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Prime Time Group Inc. Delighted With Christmas Season Performance as Sales Exceed Expectations
Market Wire "US Press Releases "
FORT LAUDERDALE, FL -- (MARKET WIRE) -- 12/19/06 -- Prime Time Group Inc., (PINKSHEETS: PRTH), ("the Company") is pleased to announce that its sales through its Virgin Mobile Canada Mini-Stores have exceeded its expectations and are consistent with the higher than average retail sales in other sectors.
This Christmas season in the wireless industry traditionally begins in November. During the month of November sales increased weekly on average by 15%. "We have certainly passed the 1/2 way point in the Christmas season and the market has responded better than we expected," says Troy Metz President, Prime Time Group. "During this month, we have grown exponentially in sales through in our wireless division. We have experienced an increase in sales of more than 50% per week in the last two weeks alone." Adds Metz, "Based on these results we should anticipate significant returns."
Robinson Wireless, now Prime Time Group Inc., entered into the retail wireless market in July and has seen continuous growth as well as continuous change in its product lines. "It is our approach to the wireless market that makes us the choice for consumers," says Dallas Robinson CEO Prime Time Group. "We are continually changing our products and services to make sure they are generating the responses we expect. We have pursued a program of growth in our current infrastructure, diversity in carriers and a broad range of products and accessories that meets and exceeds the needs and value expectations of our consumers." He adds, "The result of these sales increases, show that we are definitely on track and in alignment with the market."
"We have been innovative and methodical in our approach to market entry," says Robinson. "These stores represent the first phase of our plan and we expect that the multiple business lines we have been building during the summer and fall will launch this month and early in 2007."
The recent completion of the roll-out program now allows the company to introduce its model into expanded markets outside of Canada. "Being able to respond and execute is one of our greatest assets." says Metz. "We have developed a 'kiosk-in-a-box' concept that has facilitated a rapid market entry, minimizing risk and in all cases has allowed us to enter markets without competitive awareness. By using our current infrastructure we can parachute into any market and literally open overnight."
Robinson notes, "After 14 years in the business I realized that its about understanding the market, approaching it responsibly and aggressively and that is exactly what we have done." He adds, "Our success so far reinforces our confidence in the approach we have chosen and it gives our shareholders confidence in being part of this dynamic business."
ABOUT PRIME TIME GROUP INC.
Robinson Wireless is a forward thinking company that focuses on wireless products and services for today's youth market. By using retail, wholesale and internet delivery channels, the company has found unique ways to deliver the phones, accessories, mobile media and mobile games that are desired by a growing marketplace. In doing so it has established relationships with carriers such as Virgin Mobile, fido, Sprint, and their own line of products such as Cherry Red Accessories and a content and e-commerce division that is online and will be announced shortly.
Robinson Wireless/ Prime Time Group Inc., is currently investigating growth opportunities in Australia, Latin America, the Caribbean, Puerto Rico and the Dominican Republic as well as the developing markets in Asia.
PR7 Inc., operates 14, 7-Eleven convenience stores in San Juan, Puerto Rico. Prime Time maintains its interest in PR7 Inc. Armando Del Valle was appointed President of the company in late June of 2006 and was chartered to maximize profitability and position the company for expansion. The profitability goals are about to be reached in December 2006 and the company has identified three locations for expansion in early 2007. By the end of 2007 the company hopes to conclude the first phase of expansion and intends to have in excess of 25 stores.
The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from acquisitions or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
Amazon Biotech Inc. in Advanced Negotiations to Obtain Approvals for Sale of Its AIDS Drug in Nigeria and Kenya 12/19/2006
NEW YORK, NY, Dec 19, 2006 (MARKET WIRE via COMTEX News Network) -- Amazon Biotech, Inc. (OTCBB: AMZB) (FRANKFURT: B2D), announced today that it is in negotiations with a European company to obtain approvals for sale of its AIDS drug in Nigeria and Kenya.
Dr. Mechael Kanovsky, President of Amazon Biotech Inc., stated: "Obtaining these licenses will be an important step for the company. We believe that our drug will have a positive impact on the AIDS epidemic in Africa."
About Amazon Biotech, Inc.
Amazon Biotech, Inc. is a natural plant pharmaceutical company, primarily developing immune modulator drugs. AMZ0026 is the company's first such drug, which is to be used for the treatment of HIV/AIDS. The company plans on initiating Phase I/II clinical studies of AMZ0026 in the near future, with an eventual goal of attracting a joint venture partner with a major pharmaceutical company in Phase III trials, or following the FDA Fast Track program to market. Amazon Biotech specializes in natural plant pharmaceutical drugs and is focused on bringing healthier pharmaceutical drugs to market.
"Safe-Harbor" Statement Under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding any potential sales of products as well as statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Amazon Biotech, to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in Amazon Biotech's subsequent reports filed with the Securities and Exchange Commission under the Exchange Act. This press release speaks as of the date first set forth above and Amazon Biotech assumes no responsibility to update the information included herein for events occurring after the date hereof.
Contact: LC Group Rick Lutz (404) 261-1196
SOURCE: Amazon Biotech, Inc
Copyright 2006 Market Wire, All rights reserved.
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Terra Energy & Resource Technologies, Inc. Announces 10QSB Filing with SEC 12/19/2006
Company's New Symbol Is TEGR. Late Filing Letter "E" Removed.
NEW YORK, Dec 19, 2006 (BUSINESS WIRE) -- Terra Energy & Resource Technologies, Inc. has filed its Third Quarter 10QSB with the SEC. The letter "E" indicating the Company's lateness in the filing of the 10QSB has been removed.
In November 2006, the Company reincorporated and changed its name to Terra Energy & Resource Technologies, Inc. Effective at the open of business on November 16, 2006, the Company's common stock started trading on the OTC Bulletin Board with the ticker symbol of "TEGR". The Company is an energy and natural resource exploration technology company.
About Terra Energy & Resource Technologies, Inc.
Terra Energy & Resource Technologies, Inc., through its wholly owned subsidiary, Terra Insight Corporation, provides analysis for exploration for oil and gas as well as other minerals subsurface. The Company primarily uses proprietary satellite-based STeP(R) (Sub-Terrain Prospecting) technology, which facilitates the prediction and location of commercially viable deposits of hydrocarbons, gold, diamonds, and other natural resources. The Company interprets and quantifies satellite and geologic data to determine locations and depths of natural resource deposits, and assess them for any given geographic area - on or off shore. The Company, through its subsidiaries and affiliates, holds (1) six licenses totaling more than one million acres off-shore Namibia for diamond exploration, (2) a participation interest in a diamond prospect in the Congo of more than one thousand square kilometers, (3) a working interest in a one million acre Kurdistan oil prospect, (4) leases for oil and gas parcels totaling more than 16,000 acres of land in the Rail Road Valley and White River Valley areas of Nevada and (5) oil and gas leases in East and South Texas. For more information visit http://www.terrainsight.com.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its plans to acquire additional exploration properties, plans to drill or drilling results to fail to materialize, inclusive but not limited to competition for new acquisitions; availability of capital; unfavorable geologic conditions; prevailing prices for oil, natural gas and other natural resources; and general regional economic conditions.
SOURCE: Terra Energy & Resource Technologies, Inc.
ALLK, INC. Louis Phillipe Antunes, 450-578-3283 Fax: 450-378-0312
Copyright Business Wire 2006
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Drake Gold Signs Joint Venture With North Star Strategic Minerals Inc. Drake Gold Resources, Inc. (PINKSHEETS: DKGR) is pleased to announce a new joint venture with North Star Strategic Minerals Inc., a subsidiary of North Star Diamonds Inc., to begin exploration and mining operations on the Gold Star Property located in southeastern Manitoba.
DESCRIPTION OF DEPOSIT AND SURROUNDING AREAS
Located 200 meters west of the Falcon Lake intrusive complex, the Gold Star property consists of quartz stringers within a shear zone found amongst volcanic conglomerates. Mineralization consists of pyrite, chalcopyrite and arsenopyrite. Volcanic regions such as this typically produce consistent amounts of ore and other minerals. Mines in the area confirm this trend. The neighboring Gem property has assayed 8.09 oz/ton gold. The Gem property is surrounded on three sides by the Gold Star property leading Drake Gold to believe a large potential for gold retrieval exists on this property. In addition to mining gold and other precious metals, the process should produce ornamental rock, which could be used to supply the landscaping and building industry.
GOLD STAR PROPERTY HISTORY OF EXPLORATION
The Gold Star property was first staked in 1890 and a sample taken assayed 5.30 oz/ton gold with traces of silver. Through the years, several additional samples have been taken by independent parties revealing results of up to 11.78 oz/ton. As recent as 1986, Troymin Resources Ltd. performed an evaluation report on the star group of claims including the Rad and Sheba occurrences, both of which are on the Gold Star property. Chip samples revealed assays ranging from trace to .28 oz/ton while a grab sample with quartz from the Rad trench assayed .77 oz/ton. In addition, Mag and VLF surveys were performed and magnetic trends and conductive zones revealed folding. This report recommends detailed mapping and sampling and soil geochemical surveys.
EXPLORATION PROGRAM
The potential of the Gold Star property is enticing. This property has never been commercially mined and preliminary results from other mines in the area seem to indicate great opportunity. Although a full geologist report has not been conducted on the property, the preliminary opinion of geologists who have spent time on the property is that the property rates between good and excellent for producing significant amounts of gold. Drake Gold Resources will spend the next several months conducting in-depth surveys and geological evaluations to determine a long-term plan for this property. Initially, Drake Gold Resources estimates it will be spending the next 7-10 years developing this property as a producing mine. This time commitment should benefit long-term shareholders as the price of gold continues to rise.
PARTNERSHIP DETAILS
Drake Gold Resources Inc. will have a 50% working interest split equally with North Star Strategic Minerals Inc. It is planned that an exploration program will begin and will translate into gold recovery, as target locations are determined. The work program will be jointly funded between both Drake Gold and North Star Strategic Minerals Inc.
ABOUT DRAKE GOLD RESOURCES, INC.
Drake Gold Resources, Inc. (PINKSHEETS: DKGR) is an early-stage mining and energy company that focuses on the exploration and production of precious metals and energy, such as petroleum and coal. Drake Gold has acquired the rights to the Jackpot Placer Project (JPP) in a southwestern section of Arizona. Estimated reserves on the JPP are 205,000 oz. Operations to recover gold are planned as soon as possible.
DKGR intends to be a diversified company by operating in the natural resource, petroleum, and alternative energy markets. As a result of ever-increasing scarcity, the market for natural resources is clamoring for diversification and innovative exploration tactics. Potential opportunities for diversification include gold, silver and other minerals in areas such as Arizona, Oregon, Alaska, British Columbia, the Yukon Territories, and other affiliated sections throughout gold districts in Northern Mexico.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
VOIP5000 Begins Development on Secure Transaction Processing Solution for E-Commerce VOIP5000, Inc. (PINKSHEETS: VPFI), a provider of click to call services under the Clixme name as well as other VoIP applications for online businesses, announced today that it has begun development of a new secure transaction processing service that will allow online merchants to accept credit card transactions without putting any of the buyer's card data at risk. The new service will leverage the company's Clixme service as a component in retrieving card data from buyers during the checkout process.
"Security concerns about credit card theft has begun to take its toll on e-commerce growth," said CEO Fotis Georgiadis. "Sales growth in the e-commerce sector has been dampened by the recent string of data leaks," he continued.
A recent article in the New York times stated that to date nearly 100 Million data leaks have occurred where sensitive data was compromised. An Emarketer article by Senior Analyst Jeffery Grau stated that in 2006 the value of online fraud will be 1.4% of total online sales which set the dollar value around $3 billion.
"Maintaining a real time transaction while securing credit card data has been the golden goose that the transaction processing industry has been searching for," said Georgiadis. "Our solution will provide for what could be the most secure online transaction available to date," he continued.
About VOIP5000, Inc.
VOIP5000, Inc. (PINKSHEETS: VPFI) develops and markets VoIP applications and services for business and consumer use. Its flagship service, Clixme.com, provides click to call services to businesses in the U.S. and Canada. Businesses can sign up and find out more about Clixme at http://www.clixme.com
Note: All statements, other than statements of fact, included in this release, may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results to differ materially from such statements, including, without limitation: (i) competition, (ii) fluctuations in demand and supply of our target markets, including Internet-based telephone operations (iii) risks associated with new business ventures. Investors are advised to seek professional advice and conduct a complete due diligence regarding this, or any other company being considered for investment purposes. Investing in securities, particularly in issues priced at less than $1 per share, involves substantial risk and may result in a partial or complete loss of investment capital. Press releases issued by the company should not be interpreted as an offer to sell or a solicitation to buy company stock.
Kiwa Begins to Explore Its Potential Market in Shouguang and Inner Mongolia CLAREMONT, Calif., Dec. 19, 2006 (PRIME NEWSWIRE) -- Kiwa Bio-Tech Products Group Corporation (OTCBB:KWBT) announced that it has started to develop its potential markets in Shouguang in Shandong Province and Inner Mongolia.
On December, 2006, Mr. Wei Li, CEO of Kiwa, had a formal meeting with Mr. Leyi Wang, who is Board Chairman of Shouguang Century Sanyuan Modern Agriculture Co., Ltd. in Shouguang, Shandong province. With 300,000 temperature-keeping sheds for vegetables, Shouguang is one of the largest vegetable shed-planting bases in China. Mr. Wang, expert of the field of shed-planting, has decided to add three of Kiwa's relevant products into his plan of fertilizing in the year of 2007; he also discussed with Mr. Li in details on the application test plans of a number of other Kiwa's products. Up to now, testing of Kiwa's sample products has been carried out in Shouguang.
On December 5, 2006, Ms. Juhua Wang, Chief Operating Officer of Kiwa, Prof. Qi Wang, Vice Director of R&D Center and the Manager of Marketing Center visited Yakeshi, Inner Mongolia, and met with Mr. Pengju Liu, Chairman of Qiansen Agriculture Group (Qiansen). By negotiation, Qiansen agreed to promote Kiwa's fertilizer products such as CHAOFEIBAO, Organic Fertilizer and Bacillus spp. Preparation in its 10,000 mu plantation. (Note: The mu is a traditional Chinese unit of land measure equal to one-fifteenth of a hectare.) Ms. Wang also inspected the whole Hulunbeir market. Statistics show that Hulunbeir now possesses a plantation area of over 20 million mu, which accounts for 50% of the whole Inner Mongolia plantation area. Agriculture in such place characterizes in intensification and industrialization. Kiwa is now in the early stage of exploring the market in Hulunbeir, and management expects to develop the market by engaging the direct-sales pattern.
Mr. Wei Li, Chairman and CEO of Kiwa, stated, "We are excited to see the huge potential of these two markets. Management believes that it is a golden opportunity for the Company to explore the market, promote its products and generate value for the shareholders."
About Kiwa Bio-Tech Products Group Corporation
The Company develops, manufactures, and distributes and markets innovative, cost-effective, and environmentally safe bio-technological products for agricultural and natural resources and environmental conservation. The Company has acquired the rights to manufacture and market AF-01 Anti-viral Aerosol Agent for use in preventing (blocking) bird-flu disease in Chinese and international markets. The Company has excellent relations with government authorities in China and has developed several innovative, high margin products, while continuing to grow through internal and external product development.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
CONTACT: Kiwa Bio-Tech Products Group Corporation Yvonne Wang (626) 715-5855 Jessie Wang +86 10-85286177 wangxiaobei*kiwabiotech.com
President and CEO of CyberKey(R) Solutions, Inc. Answers the Mail With SmallCapEngine.com Wednesday December 20, 8:30 am ET
ST. GEORGE, UT--(MARKET WIRE)--Dec 20, 2006 -- CyberKey® Solutions, Inc. (Other OTC:CKYS.PK - News) announces that it has received overwhelming response to its "Reach out Program" and that the CEO has supplied answers to the investment community through his discussion with SmallCapEngine.com. Since its announcement on Nov. 7th, CyberKey Solutions has worked feverishly to gather all inquiries voiced by the shareholders and the investment community. Today, Mr. Jim Plant provides answers, dispels rumors, and better informs shareholders and the investment community via a comprehensive interview on http://www.SmallCapEngine.com.
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"The SmallCapEngine.com interview is a very effective communication tool for our company, which gives us the opportunity to communicate directly with shareholders and the investors of interest," stated Jim Plant, CEO of CyberKey® Solutions, Inc. "It is our goal to exceed the expectations of our shareholders as we strive each day to grow our company and succeed."
CyberKey® Solutions began airing its television commercials on CNBC television. CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada.
About CyberKey Solutions, Inc.
CyberKey's solutions solve real-world issues in the entertainment, education, government, military, automotive, financial services and medical industries. CyberKey Solutions' technologies allow users to securely transfer large amounts of data, files and applications software from one electronic device to another while employing a patent-pending USB-based Digital Rights Management process. CyberKey's solutions create new opportunities for existing industries and applications. For more information, please visit CyberKey's website at http://www.cyberkeysolutions.com.
About SmallCapEngine.com
SmallCapEngine.com is designed to provide featured companies with a cost-effective means of informing shareholders and prospective investors about company plans and developments. We shoot a comprehensive 10-20 minute video of the plant, offices, product, and services. We are an investor relations site that shows investors their investment. Investors who see the company are willing to learn about the product and services, and become not only an investor, but possibly a client. Also included are 30 second to 1 minute flash ads displaying the company's goods and services. Featured companies are invited to post business plans, product advertisements, and engage in monthly Q&A opportunities with investors. We offer live chats, comprehensive investment tools such as charting and real time level 2. Readers are welcome to participate free of charge. For further information about SmallCapEngine.com contact: Hank Zemla at: hank*smallcapengine.com.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
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GTEC (.12) Partner Company, Gold Horse International, Releases Annual Report With Audited Net Profits Exceeding $2 Million
PrimeZone "PrimeZone "
BEIJING, Dec. 20, 2006 (PRIME NEWSWIRE) -- Genesis Technology Group, Inc. (OTCBB:GTEC) announced that Gold Horse International, Inc. released its audited financial statement for the fiscal year ended June 30, 2006. Based on financial statements audited by Kabani & Company, a Los Angeles-based auditing firm, this western China real estate development and hospitality company reported net revenues of $22.6 million and profits exceeding $2 million.
With the official audit now completed, Gold Horse is scheduled to commence the final steps to becoming a U.S. publicly traded company. Through its majority-owned subsidiary, Genesis Equity Partners, LLC (GEP), Genesis would own a significant equity position in Gold Horse, which is already a Nevada corporation. The L.A.-based law firm of Richardson & Patel is handling the legal requirements, in cooperation with the AllBright law firm of Shanghai.
In assessing Gold Horse (known as the Jin Ma Group, Ltd. in China) by its year-on-year performance for the same period in 2005, the audited financials showed year-end earnings of $16.6 million, with a net profit of $1.4 million.
For the succeeding quarter ended September 30, 2006, Gold Horse reported unaudited net revenues of $6.8 million and profits of $0.6 million.
Dr. Shaohua Tan, Genesis Director in Beijing, observed: "At present, GEP has announced three contract partner companies: Gold Horse, Lotus Pharmaceuticals, and its newest partner, an environmental technologies enterprise. In the coming days, Genesis is set to release its 10-KSB, the 2006 Annual Report, as evidence of its achievements in revitalizing this specialized partnering program."
About Gold Horse International, Inc.
Gold Horse International, Inc., which operates in China as the Jin Ma Group Company, Ltd. where it was founded in 1980, is a real estate and construction company located in Inner Mongolia with executive offices in Beijing, China. The Company is recognized as a Level II national construction company. Jin Ma currently has 938 employees. It has achieved ISO9001, ISO14001, and GB/T28001 standards. Gold Horse International will be a U.S.-established corporation that includes three Jin Ma subsidiaries: construction, real estate, and hospitality. The new Gold Horse International website is under construction and nearing completion.
About Genesis Technology Group, Inc.
Genesis Technology Group, Inc. (d/b/a Genesis China and GTEC) is a U.S. public company that earns, enhances and markets equity positions in small to mid-sized Chinese enterprises. Commitment, dedication, and expertise are the key components to the Genesis "Mission Statement." It has created a successful profit center by incubating Chinese companies in a wide range of sectors, creating so-coined "partner companies." Genesis makes a long-term commitment with management consultation, board of directors composition, creation and implementation of successful business models, which include expansion of markets in China and abroad. To help drive the success and profitability of these operations, Genesis provides resources and proficiency to maximize partners' leadership potential in China and attempts to increase high-margin, predictable earnings. For more information, visit http://www.Genesis-China.net.
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.
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AZGS (.12) Announces Year End Results and Strong Growth and Increased Profits
PrimeZone "PrimeZone "
HOUSTON, Dec. 20, 2006 (PRIME NEWSWIRE) -- Aztec Oil & Gas, Inc. (OTCBB:AZGS) announced today the recent filing of its financial results for the year ending August 31, 2006. The Company has produced significant growth over the past 12-month period, posting a net profit of $1,072,954.00 or $.04 per share for the fiscal year ending August 31, 2006.
"I am very pleased with the strength of our financial results during fiscal 2006. Our year end numbers show extremely strong growth in both revenues and profits. With the revisions made to our business plan, which included the successful sale of Aztec's interest in the Z2, LLC property and continued investments in promising oil and gas properties in Texas, Louisiana and Pennsylvania, we are realizing steadily increasing income. At the same time, Aztec has also reduced its operating expenses. This has led to record revenues and profits as well as improved equity for our shareholders," said Kirk Blackim, CEO of Aztec Oil & Gas, Inc.
"The outlook for increased oil and gas production for fiscal 2007 looks very positive. We anticipate strong continued growth from the properties in which we already own interests. We also plan to implement other sections of our business plan and to continue building on the success of the past year by actively seeking out new partners for other high potential, low risk investments and oil and gas drilling programs," added Blackim.
About Aztec Oil & Gas, Inc.
Aztec is an oil and gas exploration and production company focusing on numerous areas of the U.S. It owns a minority interest in a 40-well oil and natural gas drilling program in McKean, Potter, Clearfield and Cambria counties in Pennsylvania where drilling of all wells is nearing completion and approximately half of the wells are already producing into pipelines. Aztec also owns a minority interest in two Deep Lake wells in Cameron Parish, Louisiana ranging from 13,600 to 14,300 feet in depth. Both wells are now flowing commercial quantities of natural gas into pipelines. Aztec additionally participated in drilling one well in Wharton County, Texas which is currently producing oil and natural gas; and one well in the Barnett Shale play area located in Cooke, Wise and Montague Counties, Texas which had good initial oil and gas shows. Aztec has a minority interest in two gas wells in Oklahoma which have been drilled, completed and are awaiting pipeline hookups. One is a conventional well, and the second is a horizontal, Coal Bed Methane (CBM) well. Additional wells and drilling are presently being analyzed.
The statements contained in this news release that are not historical facts may be statements regarding the Company's future that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe the Company's hopes, plans, objectives, goals, intentions or expectations are all forward looking statements. Any such statements made herein about the Company's future are only made as of the date of this news release. Numerous factors, many of which are beyond the Company's control, may affect actual results. Also, the price Aztec Oil & Gas, Inc. and the other parties involved in these properties receive for the oil produced on their properties may be less than quoted NYMEX prices at any given time. The Company undertakes no obligation to publicly update such forward looking statements to reflect subsequent events or circumstances.
CONTACT: Phoenix IR Associates Tony Drake (281) 579-1602
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CTXI (.003) MicroHoldings US, Inc. is New Name for Centrex, Inc. Signaling Company's Commitment to the International Automobile Manufacturing Business Dec 20, 2006 9:00:00 AM Copyright Business Wire 2006
SAN DIEGO--(BUSINESS WIRE)--
Centrex, Inc. (OTC Pinksheets:CTXI) today announced that its Board of Directors and a majority of the Company's shareholders have approved the name change to MicroHoldings US, Inc. The name change has been filed with the State of Oklahoma and the Company is in the process of requesting a change in its ticker symbol.
Stated Jeffrey Flannery, CEO of Centrex, Inc., "After working with the people at MicroCars for the past year, we have decided that the timing is right to dedicate our efforts in the area of automobile manufacturing. The MicroCar system is unique and has already generated a lot of interest in the marketplace. We would be remiss not to focus our resources and efforts on the expansion of MicroCar manufacturing to every country that could benefit from it."
Centrex recently acquired MicroCars International, a subsidiary of the Sri Lanka automobile manufacturer, MicroCars, Pvt. Ltd., which gave Centrex the rights to license the MicroCars manufacturing process internationally. The Micro Cars facility is labor intensive unlike US and Western plants that rely on expensive automation and robots. The system was designed for countries such as Sri Lanka that have low labor rates but a need for high quality, inexpensive vehicles.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of CTXI 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 CTXI 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 CTXI has no specific intention to update these statements.
Source: Centrex, Inc.
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Centrex Inc. Jeffrey Flannery 619-342-8096
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XKEM (.02) Update From The Recent 10th Annual NYSSA Biotech Conference
Business Wire "US Press Releases "
NEW BRUNSWICK, N.J.--(BUSINESS WIRE)--
Xechem International, Inc. (OTC BB: XKEM) announced today that Xechem was well received and applauded for Dr. Pandey's work in developing and bringing to market the best treatment in 30 years to relieve the suffering of patients from Sickle Cell Disease (SCD) in Nigeria and throughout the world at the 10th Annual New York Society of Security Analysts Biotech Conference, December 12th/13th, 2006. Some of the highlights given by Dr. Pandey at the conference were: revenues in the first year of full production are estimated to be in the $30 million range, with a 3 to 5 year outlook of $75 - $100 million in Nigeria alone, assuming current pricing and further premised upon Xechem procuring necessary financing, receiving continued regulatory approval from Nigeria and completing construction of the Nigeria manufacturing plant; Worldwide market for Sickle Cell treatment is believed to be 16-18 million patients, with 10 million in Africa; the Nigerian government has raised the priority of Sickle Cell Disease to number two following AIDS at number one. They have also stated that the Nigerian Government will help pay for the treatment of those individuals that cannot pay for NICOSAN(TM). Dr. Pandey's presentation can be accessed through the Xechem Web Site at www.xechem.com.
Dr. Pandey introduced the new Managing Director for Xechem Pharmaceutical Nigeria, Mr. Iretiolu Oniyide, who comes to the Company with a distinguished career in the banking and pharmaceutical fields for over 30 years.
Xechem is also preparing an IND application to the FDA for US clinical trials to begin on HEMOXIN(TM) which is the name of NICOSAN(TM) for the US and Europe. Five US hospitals have agreed to take part in the clinical trials. UMDNJ, Children's Hospital of Philadelphia, SUNY-Brooklyn, Thomas Jefferson and Howard University hospitals. The opening of new Xechem offices in the UK will enable future clinical trials in Europe.
About Xechem
Xechem International is a development stage biopharmaceutical company working on Sickle Cell Disease (SCD), antidiabetics, antimalarials, antiviral (including AIDS), anticancer, antifungal and antibacterial products from natural sources, including microbial and marine organisms. Its primary focus is on the development of proprietary technologies, including those used in the treatment of orphan diseases. Xechem's mission is to bring relief to the millions of people who suffer from these diseases. Its recent focus and resources have been directed primarily toward the development and launch of NICOSAN(TM) (named HEMOXIN(TM) for the US and Europe) for the prophylactic management of Sickle Cell Disease (SCD). With the recent limited Nigerian regulatory approval of NICOSAN(TM), Xechem is now scaling-up the commercialization of the drug in Nigeria and making preparations for the pursuit of US FDA and European regulatory approval. In addition to NICOSAN(TM), Xechem is also working on another sickle cell compound, 5-HMF, which it has licensed from Virginia Commonwealth University (VCU).
Forward Looking Statements
This press release contains certain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by safe harbors created hereby. Such forward looking statements involve known and unknown risks and uncertainties.
Source: Xechem International, Inc.
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RONKONKOMA, N.Y., Dec. 20 /PRNewswire-FirstCall/ -- Sentry Technology Corporation (OTC Bulletin Board: SKVY) announced today that Palm Beach Public Library has selected Sentry Technology to supply up to 60 QuickCheck(TM) self-service kiosks over a three year period with 20 units to be installed in the first quarter of 2007. The total value of the contract is expected to be in excess of $600,000. Sentry was chosen over five other vendors as a result of QuickCheck's feature-rich hardware and software. Other QuickCheck(TM) orders were received in the fourth quarter of 2006 from Concordia University, Brock University, Keene Memorial Library Fredericton, Greater Victoria, Ames, Loyola, Cranberry, Dunedin, Boynton Beach, Siouxland and Hastings Public Libraries for a total of 81 units.
QuickCheck(TM) operates in a similar fashion to a bank ATM. Patrons gain access to the library's circulation software via a user card and touch screen video monitor. A barcode or RFID chip on the book is read, security functions performed and a receipt is printed to tell the patron what books have been borrowed and when they are due to be returned. Once the process is complete, the patron exits the library through the security system without any intervention by library staff. The entire process is fast, user friendly and frees library staff from the circulation desk to perform higher level tasks. The system includes statistical usage report software as well as remote diagnostic tools for management of the QuickCheck(TM) over a local network and via the internet.
"We are very pleased to be selected as the self-service supplier for Palm Beach Public Library," said Peter L. Murdoch, President and CEO of Sentry Technology Corporation. "The public bid process is extremely thorough. Being selected from among such a strong field of bidders is further confirmation of the value of QuickCheck(TM). Orders for our library products have grown more than 40% in 2006 compared to 2005 and we expect this trend will continue next year."
Sentry Technology Corporation designs, manufactures, sells and installs a complete line of Closed Circuit Television (CCTV) solutions, Electro-Magnetic (EM) and RFID based Library Management systems as well as Radio Frequency (RF) and Electro-Magnetic (EM) EAS systems. The CCTV product line features SentryVision(R), SmartTrack, a proprietary, patented traveling Surveillance System. The Company's products are used by libraries to secure inventory and improve operating efficiency, by retailers to deter shoplifting and internal theft and by industrial and institutional customers to protect assets and people. For further information, please visit our website at www.sentrytechnology.com.
This press release may include information that could constitute forward- looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in the Company's Securities and Exchange Commission filings.
SOURCE Sentry Technology Corporation
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AGGI (.33) Provides an Update of Its Completion Operations in Knox and Laurel Counties, Kentucky
Market Wire "US Press Releases "
BOWLING GREEN, KY -- (MARKET WIRE) -- 12/20/06 -- Allied Energy Group, Inc. (PINKSHEETS: AGGI), partnered with the Young Oil Corporation, announced today the following results for its three well program in Knox and Laurel Counties, Kentucky.
An acid "frac" stimulation has been successfully performed for both the Don Sullivan #8 and Dale Greer #1 wells located in Knox and Laurel Counties, Kentucky. Both wells should be in production in the next 7-10 days.
A sand "frac" stimulation is scheduled to be performed for the Clarence Bright #2 in the next week or two. "Based on the results of this type of treatment to the Waverly formation of a nearby well, we anticipate an initial production target rate of 100,000 cubic feet of natural gas per day," said Steve Stengell.
The Don Sullivan #8 has a reported 13 feet of fractured pay-zone in the Big Lime formation and was originally placed into production at a reported rate of 40,000 cubic feet of natural gas per day and was producing 20,000 cubic feet of natural gas per day prior to the treatment.
The Clarence Bright #2 was successfully drilled to an approximate depth of 1,650 feet and has a reported potentially productive pay-zone of 75 total feet in the Devonian Shale, Waverly, and Big Lime formations.
The Dale Greer #1 was successfully drilled to an approximate depth of 1,350 feet and had 12 feet of fractured potential pay-zone in the Big Lime formation.
About Allied Energy Group
Allied Energy Group, Inc. (PINKSHEETS: AGGI) is an independent energy development firm primarily engaged in the exploration, development, and production of oil and natural gas in the continental United States. The company relies upon its industry partners, well operators, geologists, petroleum engineers, seismic specialists, and financial analysts whose combined industry experience is essential to the success of each project. Allied Energy Group's strategic focus is the development of oil and natural gas reserves. As the fuel of choice to meet the growing demand for a clean-burning domestically produced fuel, the company firmly believes its natural gas exploration strategy should provide substantial growth to the company for the years to come.
Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Production rates and lease operating expenses are impossible to accurately forecast. The Company may have varying degrees of working interest ownership in each well and/or prospect. Thus, gross revenue projections may not be equal to what is distributed net to the Company. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.
Company Contact:
Steve Stengell Allied Energy Group, Inc. 2800 Griffin Dr, Bowling Green, KY. 42101 Phone: 866-256-5836 Fax: 800-251-9322 Website: www.alliedenergy.com Email: info*alliedenergy.com
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SkyBridge Technology Group, Inc. 'SBTG' Announces That It Has Released Its Financial Report for Second Quarter SkyBridge Technology Group, Inc. (OTC: SBTG) Board of Directors has announced today that SBTG has released its financial report for quarter ending 9/30/06.
Stated James Wheeler, CEO of (SBTG), "We are pleased with our financial report as revenues continue to grow." Revenues for the nine months ending September 2005 were reported as $37,631. Revenues for the nine months ending September 2006 jumped to $144,245, an increase of over 280%. During the same period, cost of revenues declined from $103,000 in September 2005 to $64,628 in September 2006. During the period the company reported assets of $539,871. Wheeler also stated: "SkyBridge will continue to negotiate debt reductions to increase profitability by putting more resources into future growth."
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.
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MIGO (.13) Signs Distribution and Marketing Agreement with Avanquest BB KK Japan
Business Wire "US Press Releases "
REDWOOD CITY, Calif.--(BUSINESS WIRE)--
Migo Software, Inc. (OTCBB:MIGO), a leading provider of mobile computing software, today announced a new distribution and marketing agreement with Japanese IT distributor, Avanquest BB KK Japan. Under the terms of the agreement, Avanquest BB KK Japan will distribute Migo(R) PC portability software via Internet download and in its retail packaged products under the AOS Technologies Japanese brand name of Final USB de Watashi no Pasokon. Product distribution began on December 8, 2006.
Commenting on the new agreement with Migo, Avanquest BB KK President Yosuke Ito said, "We are very pleased to partner with Migo Software. In an increasingly mobile environment, their powerful, easy-to-use Migo mobile computing software can be of great assistance to our customers, and we are eager to make Migo available to them. We believe that Migo will be a very successful addition to our product line."
"It is with pleasure that we announce our relationship with Avanquest BB KK Japan. Their marketing expertise and solid distribution channels are expected to be of great value to Migo Software and we are looking forward to working with this organization," stated Kent Heyman, Chief Executive Officer of Migo Software, Inc. "We believe we can grow distribution of Migo in the Japanese mobile PC user market and our relationship with Avanquest is a key to our success in this area. Their customer base is significant and mobility is becoming an increasingly accepted way of life in this market. Access to award winning Migo software will allow Avanquest customers to make substantially more efficient use of their data when and where they need it."
About Avanquest BB KK
Avanquest BB KK is a joint venture between Avanquest Software and Softbank BB, Japan's leading IT distributor and provider of broadband infrastructure with over 5 million broadband customers to date. Founded in 1984 and headquartered in France, Avanquest Software is a global developer and leading publisher of best-selling office productivity, communications and mobility software for both personal and professional use. With operating units, subsidiaries and offices located in the United States, France, Germany, Great Britain, Italy, Spain, China and Korea, Avanquest Software products are marketed in over 100 countries, through e-commerce, OEM partnerships and IT resellers.
Avanquest BB KK is a portal for the licensing of overseas software and functions as an outlet for the Japanese domestic developer in the overseas market. The company licenses best-in-class software in variety of categories and facilitates import and export of such titles to and from Japan. More information is available at www.avanquestbb.co.jp, and at www.avanquest.com.
About Migo Software, Inc.
Located in Redwood City, California, Migo Software, Inc. is a global provider of award-winning secure mobile computing software. The company's patent-pending Migo(R) synchronization and PC portability software makes it easy for users to take their computing environment -- including Outlook(R) and Outlook Express(R) email -- with them wherever they go. Migo Software's website, found at www.migosoftware.com, provides additional information on the full line of Migo mobile computing products.
NOTE: Migo(R) is a registered trademark of Migo Software, Inc. All other company and product names mentioned may be trademarks or registered trademarks of their respective holders and are used for identification purposes only.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, statements in this press release that are not historical facts, including those statements that refer to Migo Software's plans, prospects, expectations, strategies, intentions, hopes and beliefs and the expected benefits of the use of Migo Software products are forward-looking statements. These forward-looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially from those projected as a result of risks and uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings. These risks include, but are not limited to, risks related to: the effect of global economic conditions in general and conditions in the Company's industry and target markets in particular; shifts in supply and demand; commercialization and technological difficulties; capacity and supply constraints including dependence on flash component suppliers; changes in the Company's and its customers' inventory levels and in inventory valuations; timely product and technology development/upgrades and the ability to manage changes in market conditions as needed; market acceptance of new products and continuing product demand; the impact of competitive products and pricing on the Company's and its customers' products and markets; development, release and sales of new products by strategic suppliers and customers; and development and growth of anticipated markets for the Company's and its customers' products. Any forward-looking statements are based on information available to the Company today and the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information, or otherwise. Reference to the Company's website above does not constitute incorporation of any of the information thereon into this press release.
Source: Migo Software, Inc.
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ERFW (.20) Signs Agreement to Acquire The Door Wireless Broadband Operations
Business Wire "US Press Releases "
LEAGUE CITY, Texas--(BUSINESS WIRE)--
ERF Wireless (OTCBB:ERFW), the nation's leading provider of secure wireless networks for the regional banking industry, announced today that it has completed the acquisition of the wireless broadband assets and operations of Southwest Enhanced Network Services, LP, (dba The Door to the Internet, "The Door"), a wireless broadband affiliate of Windstream Corporation. The all cash transaction closed on December 15, 2006, and includes all of the current customers and network infrastructure equipment including approximately 59 towers. The Door acquisition provides ERF Wireless access to a large geographic area adjacent to Lubbock, Texas, and the surrounding Panhandle and New Mexico communities. The acquisition covers approximately 25,000 square miles of coverage area with a population of more than 400,000 businesses and residents.
According to H. Dean Cubley, CEO of ERF Wireless, the acquisition of The Door network is the sixth wireless network acquired by ERF Wireless over the past two years. "We plan to integrate The Door into our ERF Wireless Bundled Services Inc. subsidiary and pursue capturing additional market share in their strategically located territories across West Texas. This acquisition complements our already growing Central and South Texas networks that now cover thousands of square miles from Central Texas to the Texas Gulf Coast." Cubley added, "We believe that The Door has built a first-class network and has achieved a solid reputation with its existing customer base of more than 1,500 customers and over $1,000,000 of recurring annual revenue. With the strength of our operations and support teams behind the foundation built by The Door, coupled with an underserved geographic territory, we believe that we can achieve market share increases with both commercial and residential customers that should positively respond to the advantages of secure wireless broadband communications and other services. This is in addition to the support capability that The Door will bring to our future bank customers that will be added in this region."
R. Greg Smith, CFO of ERF Wireless, commented, "The acquisition of strategically-located profitable wireless broadband networks is an essential part of the company's core business plan of generating recurring revenues through the acquisition and/or construction of enterprise-class wireless broadband networks in underserved parts of the country. Additionally, as a part of our wireless offering to the regional banking industry, we are focusing on acquiring profitable networks in strategic locations that will allow the company to provide support and technical expertise to the financial institutions that the company is currently or expects to be serving."
John A. Burns, COO of ERF Wireless, stated, "Our acquisition of The Door is a part of the company's overall business strategy to align an ERF Wireless WISP operating network around each of our BranchNet Banking customers so we can market additional ERF Wireless products to the bank's customer base. Execution on this strategy is making it possible for ERF Wireless to achieve its plan to capture a substantial share of the $9 billion secure wireless market for community, regional and nationwide financial institutions in the U.S."
About ERF Wireless
ERF Wireless Inc. is a fully reporting public corporation (OTCBB:ERFW) that specializes in providing secure wireless broadband product and secure service solutions to banking and commercial clients on a national basis. Its principals have been in the network integration, Internet banking and encryption technology businesses for over twenty years and have constructed encrypted wireless broadband networks as well as secure Internet banking solutions for hundreds of banks across America. For more information about ERF Wireless, please visit www.erfwireless.com or call 281-538-2101. (ERFWG)
Forward-looking statements in this release regarding ERF Wireless Inc. are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
Source: ERF Wireless Inc.
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NEOM (.07) 2 More Chinese Insurance Companies Contract to Use Direct-to-Mobile-Web qode(R) Technology from NeoMedia
Business Wire "US Press Releases "
FORT MYERS, Fla. & BEIJING--(BUSINESS WIRE)--
NeoMedia Technologies, Inc. (OTC BB: NEOM), announced today that two more major insurance companies in China have signed agreements to use its patented direct-to-mobile-web qode(R) technology.
The companies -- PICC Property and Casualty Co. Ltd., headquartered in Beijing, and China United Property Insurance Co, headquartered in Shanghai -- signed contracts last week. In mid-November, NeoMedia had announced that Alltrust Insurance Company of China Ltd., headquartered in Shanghai, Hua An Insurance (Sinosafe Insurance) Co. Ltd., headquarter in ShenZheng, and Yong An Insurance Co. Ltd., headquarter in Xi An, had signed contracts to use qode.
Developed and patented by NeoMedia, the qode (www.qode.com) suite of easy-to-use applications includes qode(R)reader and qode(R)window, providing One Click to Content(TM) connectivity for products, print, packaging and other physical objects to link directly to specific desired content on the Mobile Web. qode(R)reader works with camera phones, letting users "click" on two-dimensional "smart codes" for a direct connection to desired information, discount coupons, maps, contest entry forms, etc., and qode(R)window lets users enter a key word, phrase, UPC, etc., for similar connection.
NeoMedia said it is working to adapt qode to use smart codes to enable millions of policy holders in China to use their cell phones to link directly to their insurance company's Mobile Internet site.
"Using qode," said NeoMedia Chairman Chas Fritz, "information on policies, claims, rates, etc. on the insurance company's Mobile Internet sites will be just a click away for consumers." Smart codes, he said, will replace current document forms and individual insurance records, with each insurer assigned a smart code to keep records of insurance history.
Background on Chinese Insurance Companies
PICC Property and Casualty Co. Ltd. (http://www.picc.com.cn/en/index.shtml), with more than 4,000 branch offices, is a joint stock company with limited liability, incorporated in 2003 by The People's Insurance Company of China (renewed and re-registered as PICC Holding Company) as its sole promoter. PICC Holding combined its commercial insurance operations, along with its related assets, liabilities and subsidiaries into PICC P&C, making it one of the leading property and casualty insurance companies in China.
China United Property Insurance Co. (http://www.cicsh.com/), with 19 branch offices throughout China, was incorporated 1986. China United's primary products include property, liability, bond, agriculture, casualty and short period health insurance. China United generates more than 10 billion RMB (approximately $1.3 billion) in insurance premiums annually.
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com) is a diversified global company offering leading edge, technologically advanced products and solutions for companies and consumers, built upon its solid family of patented products and processes, and management experience and expertise. NeoMedia Mobile companies offer end-to-end mobile enterprise and mobile marketing solutions through its flagship qode direct-to-mobile-web technology and ground-breaking products and services from leading mobile marketing providers in the U.S. and Europe. By linking consumers and companies to the interactive electronic world, NeoMedia delivers one-to-one, permission-based, personalized and profiled dialogue -- anytime and anywhere.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
qode is a registered trademark, and qode(R)reader, qode(R)window and One Click to Content are trademarks of NeoMedia Technologies, Inc. Other trademarks are properties of their respective owners.
Source: NeoMedia Technologies, Inc.2 More Chinese Insurance Companies Contract to Use Direct-to-Mobile-Web qode(R) Technology from NeoMedia
Business Wire "US Press Releases "
FORT MYERS, Fla. & BEIJING--(BUSINESS WIRE)--
NeoMedia Technologies, Inc. (OTC BB: NEOM), announced today that two more major insurance companies in China have signed agreements to use its patented direct-to-mobile-web qode(R) technology.
The companies -- PICC Property and Casualty Co. Ltd., headquartered in Beijing, and China United Property Insurance Co, headquartered in Shanghai -- signed contracts last week. In mid-November, NeoMedia had announced that Alltrust Insurance Company of China Ltd., headquartered in Shanghai, Hua An Insurance (Sinosafe Insurance) Co. Ltd., headquarter in ShenZheng, and Yong An Insurance Co. Ltd., headquarter in Xi An, had signed contracts to use qode.
Developed and patented by NeoMedia, the qode (www.qode.com) suite of easy-to-use applications includes qode(R)reader and qode(R)window, providing One Click to Content(TM) connectivity for products, print, packaging and other physical objects to link directly to specific desired content on the Mobile Web. qode(R)reader works with camera phones, letting users "click" on two-dimensional "smart codes" for a direct connection to desired information, discount coupons, maps, contest entry forms, etc., and qode(R)window lets users enter a key word, phrase, UPC, etc., for similar connection.
NeoMedia said it is working to adapt qode to use smart codes to enable millions of policy holders in China to use their cell phones to link directly to their insurance company's Mobile Internet site.
"Using qode," said NeoMedia Chairman Chas Fritz, "information on policies, claims, rates, etc. on the insurance company's Mobile Internet sites will be just a click away for consumers." Smart codes, he said, will replace current document forms and individual insurance records, with each insurer assigned a smart code to keep records of insurance history.
Background on Chinese Insurance Companies
PICC Property and Casualty Co. Ltd. (http://www.picc.com.cn/en/index.shtml), with more than 4,000 branch offices, is a joint stock company with limited liability, incorporated in 2003 by The People's Insurance Company of China (renewed and re-registered as PICC Holding Company) as its sole promoter. PICC Holding combined its commercial insurance operations, along with its related assets, liabilities and subsidiaries into PICC P&C, making it one of the leading property and casualty insurance companies in China.
China United Property Insurance Co. (http://www.cicsh.com/), with 19 branch offices throughout China, was incorporated 1986. China United's primary products include property, liability, bond, agriculture, casualty and short period health insurance. China United generates more than 10 billion RMB (approximately $1.3 billion) in insurance premiums annually.
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com) is a diversified global company offering leading edge, technologically advanced products and solutions for companies and consumers, built upon its solid family of patented products and processes, and management experience and expertise. NeoMedia Mobile companies offer end-to-end mobile enterprise and mobile marketing solutions through its flagship qode direct-to-mobile-web technology and ground-breaking products and services from leading mobile marketing providers in the U.S. and Europe. By linking consumers and companies to the interactive electronic world, NeoMedia delivers one-to-one, permission-based, personalized and profiled dialogue -- anytime and anywhere.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
qode is a registered trademark, and qode(R)reader, qode(R)window and One Click to Content are trademarks of NeoMedia Technologies, Inc. Other trademarks are properties of their respective owners.
Source: NeoMedia Technologies, Inc.
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NMKT (.33) Announces Full Range of Managed IT Services for Commercial Clients with Launch of XipServ
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
NewMarket Technology, Inc. (OTCBB:NMKT) today announced IP Global Voice, Inc., a division of NewMarket Technology, Inc., launched "XipServ," expanding the company's business service and product offerings to offer a full range of managed IT services for small, medium and large commercial customers.
IP Global Voice, Inc., along with its operating divisions, Corsa Network Technologies and XIPTEL Communications, now offers full end-to-end Internet Protocol (IP)-based solutions for business customers. These solutions include hosted VoIP telephone for the small to medium business market, IP PBX hardware and managed systems solutions, high-end network security technologies, and other cutting edge network and productivity enhancement products.
Voice applications and telephone systems in today's business market are quickly moving to Internet Protocol (IP) based operations and technologies, using the same IP-based network technologies already in service in most businesses. XIPTEL Communications and Corsa Network Technologies have concentrated on the opportunity to deliver advanced network security technologies and other market leading solutions featuring advanced firewall systems, identity management, content filtering, application acceleration, and state-of-the-art VoIP telephone systems.
XipServ completes the company's list of offerings to include full project implementation, IT risk assessment and analysis, hosted MS Exchange services, bandwidth and WAN analysis and monitoring, patch management, on-site technical services, maintenance and 24/7 IT help desk support.
For more information on XipServ and IP Global Voice, please visit the company website (http://www.ip-gv.com/managed_services.htm).
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir*newmarkettechnology.com.
About IP Global Voice, Inc. (www.ip-gv.com)
IP Global Voice, Inc. is a certified 3Com partner with a full range of voice, security, and data network products and services. IP Global Voice offers dozens of other products and services for every business need, partnering with companies such as Riverbed, Juniper Networks, Ae6, Bradford Networks, Mirapoint, Tipping Point, and others. XIPTEL Communications (http://www.xiptel.com) uses carrier quality network-embedded soft switches to eliminate the need for customer-premise PBX systems. XIPTEL is dedicated to bringing high quality, low cost VoIP-based telephone service to small and medium sized businesses. Xiptel combines the features and benefits of enterprise level VoIP PBX solutions, with the reliability, flexibility, simplicity, and lower cost, of network-hosted solutions. Small to Medium Enterprise (SME) customers receive large enterprise features at a 30-40% savings. Corsa Network Technologies is an innovative Systems Integrator of security systems for the corporate market. The company designs, integrates, and sells robust security solutions that enable confidential communications over internal and external, public and private networks. Corsa offers complete protection, detailed accounting visibility, and ready management control - with high performance, low cost security products, services, and systems.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT), Cisco Systems (Nasdaq:CSCO), SAP (NYSE:SAP), Siebel (Nasdaq:ORCL) and Sun Microsystems (Nasdaq:SUNW). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Source: NewMarket Technology, Inc.
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PTSH (.0063)PTS, Inc. Establishes China Disability Access Corporation
LAS VEGAS--(Business Wire)--The Chairman of the Board of PTS, Inc. (OTCBB:PTSH) announced today that the Company has formed China Disability Access Corporation as a wholly owned subsidiary.
China Disability Access Corporation, a Nevada corporation, will be primarily seeking consulting opportunities throughout China to assist in this country's various Disability Acts imposed by the Chinese government.
About PTS, Inc.
PTS, Inc.'s subsidiary, Glove Box Inc. (www.ptspi.com), owns the rights to the patented, revolutionary Glove Box(TM), the only product that offers contamination reduction through automated glove dispensing. The Glove Box(TM) system is a free-standing dispenser of disposable latex gloves, which is being marketed by PTS in the United States and Asia.
About Disability Access Corporation
Disability Access Corporation (DBYC-Pink Sheets) conducts facility inspections, policy reviews and program analyses in addition to a comprehensive continuum of other compliance services. More than 54 million people in the United States have a disability, a number equal to 20% of the population. The Americans with Disabilities Act of 1990 requires all organizational entities, public or private, with more than 15 employees, to provide equal access for individuals with disabilities. It is estimated that there are more than seven million sites at risk across the United States. For more information about DAC, please visit: www.adaconsultants.com.
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results.
PTS, Inc. Peter Chin, 702-327-7266 psc3388*yahoo.com
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BlueBear Closes $300,000 in a Private Placement BlueBear Networks International, Inc. (PINKSHEETS: BLBR) today announced that it has completed a private placement with an accredited investor. The placement consists of 3,000,000 units at a purchase price of $0.10 per unit for gross proceeds of USD 300,000. Each unit consists of one common share of the company and one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $0.15 for a period of 24 months from closing. Proceeds of the private placement will be used for general working capital.
Sal Khan, President and CEO of BlueBear, stated, "I am pleased with the amount of interest that our company is receiving as evidenced by this private placement. These funds will be used for completion of the final field trials of our flagship product LACE, as well as for other operating expenses."
The new shares issued have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and have been offered to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the U.S. Securities Act.
About BlueBear Network International, Inc. BlueBear Network International, Inc. (PINKSHEETS: BLBR) is a Nevada company based in Ottawa, Ontario, Canada. BlueBear develops and markets the world's first system LACE that automatically processes and categorizes media-evidence files from seized computer hard drives in child exploitation cases. LACE and a companion product IDLE, can search, and identify victims, suspects, & witnesses in police facial images databases located worldwide. For more information, visit http://www.bbninternational.com/.
This press release contains forward-looking statements as defined in the Securities Litigation Improvements Act of 1996. The words "believe, expect, estimate, and project" and similar expressions define forward-looking statements, which speak only as of the date the statement was made. BlueBear undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are currently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated in, or underlie the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the company's ability to meet its projected growth, the effects of government regulation, competition and other material risks.
Source: Market Wire (December 20, 2006 - 9:07 AM EST)
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DPSS (.25) Cleared to Trade on the NASDAQ Over the Counter Bulletin Board Exchange
PR Newswire "US Press Releases "
NEW YORK, Dec. 20 /PRNewswire-FirstCall/ -- Driver Passport Inc., (OTC Bulletin Board: DPSS) is pleased to announce that they have been cleared to start trading on the NASDAQ Over the Counter Bulletin Board.
About Driver Passport
Driver Passport is an online driver verification program enabling seamless, cost-effective supply chain security. Developed from years of experience in the commercial warehousing, distribution and transportation industry, the program is designed to provide driver validation within a national database. Internet based, Driver Passport deepens the effectiveness of existing corporate safety plans. Site specific protocol can be customized by individual location. Emergency contact information is presented on the screen. Transport equipment and pickup orders can be tracked within the system. For more information see www.driverpassport.com
Legal Disclaimer
The statements contained in this press release contain certain forward looking statements, including statements regarding the company's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without the control of the company's management.
For Media Relations: Dwain Schenck ICA Strategic Communications dschenck*ica-online.com 800-835-9292
Investor Relations: Vircom Global, Inc. Richard Oravec rick*vircomglobal.com 212-924-3548
SOURCE Driver Passport Inc.
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INNOTELCO Discusses Results of Recent Board of Directors Meeting Contracts Discussed Are Expected to Realize in Excess of $7 Million in Revenues for INNOTELCO in 2007 Dec 20, 2006 8:45:00 AM TORONTO -- (MARKET WIRE) -- 12/20/06 -- INNOTELCO, Inc. (PINKSHEETS: ILCO) today announced the results of its recent board meeting. The company continues to diversify itself by reducing its concentration on transactions within the telecommunications sector to a company that is fast becoming a facilitator of large scale commodities transactions. These commodities include barley, sugar and oil, in addition to commodity-type hardware such as telecommunications products. INNOTELCO is applying this strategy because of the higher margins that can be realized in these large scale commodity transactions.
INNOTELCO is entering the final stages of negotiations for a long-term contract to supply sugar which will be shipped on a regular basis from Brazil to Algeria, Tunisia, Sudan and Libya. In total, the shipments will represent approximately 500,000 metric tons of cane sugar. INNOTELCO expects to realize revenues in excess of $2.5 million and as much as $5 million from this contract. The contract is expected to be signed this month and initial shipments are expected to begin in January 2007.
In addition, the company's directors have made final arrangements for a feed barley shipment which will originate in Eastern Europe and is destined for North Africa. The company is expected to realize a net income of $192,000 from this deal.
Radomir Popovic, Vice President of Sales and Marketing for INNOTELCO, stated, "Much effort has gone into setting up an infrastructure which will allow our company to easily facilitate shipments from South America, China and Eastern Europe to North Africa. We believe we will finally realize the results from the tremendous amount of work that has gone into building this worldwide system. I personally have made several trips over the past year to Eastern Europe and North Africa to help complete these transactions."
About INNOTELCO, Inc.
INNOTELCO is a telecom hardware supplier, specializing in servicing emerging markets that are looking to expand their telecommunications networks. INNOTELCO's products range from indoor and outdoor coaxial cables and accessories to fiber-optics and switching equipment.
INNOTELCO is also engaged in the construction of a worldwide business network which will result in the seamless facilitation of larger scale commodities transactions. This network will span the globe from Asia into Eastern Europe, North Africa, and reaching as far as Sao Paulo, Brazil.
Safe Harbor Statement
This press release contains forward-looking statements as defined in the Securities Litigation Improvements Act of 1996. The words "believe," "expect," "estimate," "project" and similar expressions define forward-looking statements, which speak only as of the date the statement was made. INNOTELCO, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are currently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated in, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the Company's ability to meet its projected growth, the effects of government regulation, competition and other material risks.
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AUGC (.0001) Moving Toward Closure On Acquisitions
PrimeZone "PrimeZone "
VINELAND, N.J., Dec. 20, 2006 (PRIME NEWSWIRE) -- AuGRID Global Holdings Corporation (Pink Sheets:AUGC) has moved to closure by finishing the definitive agreement of sale with the American acquisition and near completion of the same type of final document for the Chinese acquisition due to International law; however we are working round the clock to finalize documentation to complete the acquisition and begin the financing phase. The NOBO list is being investigated share-by-share to ascertain and narrow down the short position.
Forward-Looking Statement:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding AuGRID Corporation in this release that are not historical in nature, particularly those that utilize terminology such as "may," "should," "likely," "expects," "anticipates," "estimates," "believes" or "plans," or comparable terminology, are forward-looking statements based on current expectations about future events, which AuGRID Corporation has derived from the information currently available to it. These forward-looking statements involve known and unknown risks and uncertainties that may cause our results to be materially different from results implied in such forward-looking statements. Important factors known to AuGRID Corporation that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in AuGRID Corporation's filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and AuGRID Corporation undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: AuGRID Corporation Staff (856) 205-0856
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AURC (.13) Announces First Gold Shipment for the New Year
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 12/20/06 -- AURUS Corp. (PINKSHEETS: AURC) is pleased to announce that it is processing its Krong gold reserves of 2,572,000 troy oz. and is preparing its next gold bullion shipment for January 12 of the coming year. Due to the projected increase in production, arrangements have been made for shipments three times each month. These shipments are made to the district bank according to the directives of the government agency. The company will have exact figures on these shipments after the first few weeks of the New Year.
The Company has learned that the SEC has implemented the Short Sale Threshold rule on its stock which is the result of excessive naked shorting on its securities. Although the Company regrets that such shorting exists, it is very positive that no further shorting shall be allowed to affect the positive developments ahead. The Company's current share structure is as follows:
The Company reports that it has completed all the necessary filing requirements for the Frankfurt Stock Exchange and is waiting to hear back from it for authorization to commence trading. The company asks shareholders to exercise patience due to that fact that the time line is out of the Company's hands.
Aurus Corporation also announces that it has hired Business Development Consultants, LLC (BDC) to perform investor relations services for the company. Jeremy Krause, Managing Director of BDC, said, "I am extremely excited to work with a Company that holds so much potential. A big part of BDC's business development work with Aurus Corp. will be to help the Company in being more transparent with the investment community. My hope is that with more transparency the Company will be able to realize its true Market Cap. value."
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company with several precious metal properties with over 5 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to continue acquire proven gold and other precious metal reserves in Russia and other emerging counties and operate its mines through joint ventures and/or partnerships.
Contact: Jeremy Krause Managing Director Business Development Consultants, LLC 1-858-384-0294
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FCCN (.017) Announces Aero Exhaust Agreement With Infopia for Expanded E-Commerce Capabilities
Market Wire "US Press Releases "
TEMECULA, CA -- (MARKET WIRE) -- 12/20/06 -- Franchise Capital Corporation (PINKSHEETS: FCCN) today announced that Aero Exhaust, Inc., with which it has a preliminary acquisition agreement, has partnered with Infopia, the industry leader in multi-channel online selling solutions, to expand Aero Exhaust's e-commerce capabilities and extend operational support systems.
Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products.
The agreement between Aero Exhaust and Infopia includes utilizing Infopia's award-winning Marketplace Manager to drive online transactions and revenue from eBay, Amazon, Overstock.com, Sell.com, uBid, and others. Additionally, Aero Exhaust will leverage Infopia's Software as a Service (SAAS) platform to integrate sourcing, inventory, merchandising, customer relationship management, and business analytics to optimize operating efficiencies and profit.
"We are very excited to partner with a company like Infopia that has produced such remarkable results for their clients. This is a key relationship for us as we continue to develop our comprehensive distribution strategy. We look forward to supercharging our online business across all of our product lines in 2007," stated Bryan Hunsaker, CEO of Aero Exhaust, Inc.
On December 12, 2006, Franchise Capital Corporation announced that it had entered into a preliminary agreement to purchase all of the issued and outstanding shares of Aero Exhaust. The company is currently conducting its due diligence and expects to announce a definitive agreement with Aero Exhaust within the next 30 days.
About Infopia Inc.
Infopia provides the industry's most complete e-commerce platform, enabling businesses to fully execute the online inventory-to-cash cycle. Unlike limited point solutions, Infopia integrates a full range of critical success factors, helping companies to optimize product merchandising, manage the shopping experience, and maximize their presence through premier online marketplaces and search engines such as eBay, Amazon, Overstock.com, Shopping.com, Shopzilla, Yahoo! and Google. Together with online selling best-practices, Infopia provides unique and proven value to a wide range of clients, from start-ups to top eBay PowerSellers to multi-billion dollar corporations. Infopia is headquartered in Salt Lake City, Utah. For more information, visit www.infopia.com.
To sign up to receive information by email directly from Franchise Capital Corporation whenever new press releases, investor newsletters, SEC filings, and other written material are issued, please visit http://www.franchisecapitalcorp.net.
About Aero Exhaust:
Aero Exhaust is the world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate web site, www.aeroexhaust.com.
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding, inability to complete required SEC filings, and others set forth in the Company's report on Form 10-K/A for fiscal year 2005 filed with the Securities and Exchange Commission.
CONTACT: Gemini Financial Communications, Inc. A. Beyer 951-587-8072 Email Contact
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CYBL (.029) LED EverOn Fixture to be Featured in firstSTREET National Catalog and Online at www.firststreet.com
PR Newswire "US Press Releases "
RESEARCH TRIANGLE PARK, N.C., Dec. 20 /PRNewswire-FirstCall/ -- Cyberlux Corp. (OTC Bulletin Board: CYBL), a leading provider of LED lighting solutions, announced today that the EverOn product will be available in the national catalog and online retail site for firstSTREET - www.firststreetonline.com. The catalog is distributed to over one million consumers every month and it will offer the EverOn beginning in its February issue.
"We are delighted with the increase in sales our EverOn product has achieved with retailers on a national and global basis, and firstSTREET is the fourth national retailer to offer the EverOn," said Mark Schmidt, president of Cyberlux. "We are particularly pleased to have our product selected by this discriminating retailer."
firstSTREET is a one-stop source for consumers to find many of the latest product innovations. The web site features hundreds of products as well as information on what the products do, how they work and how they add value on behalf of the consumer.
About Cyberlux Corporation
Cyberlux Corporation (OTC Bulletin Board: CYBL) has created breakthrough LED lighting technology that provides the most energy efficient and cost effective lighting solutions available today for consumer, commercial and military uses. The accent product line brings the newly developed, virtually heatless light into the home for use in closets, cabinet interiors and under cabinet lighting for kitchen counters. The Military and Homeland Security products deliver unique, covert, and advanced visible lighting capability for threat detection, force and asset protection. Cyberlux uses solid-state semiconductors, trademarked as its diodal(TM) lighting elements, which consume 75% less energy than incandescent lighting elements and perform for over 20 years in contrast to 750 hours for conventional bulbs. For more information, please visit www.cyberlux.com.
About firstSTREET
firstSTREET is the leading direct marketer of innovative products to Baby Boomers and Beyond in the United States. firstSTREET's leading products are advertised in virtually all of America's major consumer magazines, and marketed to over 1.0 million customers (average age---63) every month via the company's catalog. Additionally, firstSTREET's award winning website (www.firststreetonline.com) attracts over 2.0 million visitors per year, the vast majority of which are age 55 and older. firstSTREET is located in Colonial Heights, Virginia. For more information on the company please visit www.firststreetinc.com, or to shop www.firststreetonline.com.
Public Relations Contacts: Ronnie Welch and Kelly Cinelli, CWR Partners / 508-222-4802 ronnie*cwrpartners.com / kelly*cwrpartners.com
Investor Contact: Richard Brown, 617-314-7379
This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors, including, but not limited to, the Company's ability to raise the capital required in completing the acquisition proposed. The Company's business is subject to significant risks and uncertainties discussed more thoroughly in Cyberlux Corporation's SEC filings, including but not limited to, its report on Form 10-KSB for the year ended December 31, 2005 and its 10-QSB for the quarter ended September 30, 2006. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE Cyberlux Corporation
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MYRG (.007) Announces Expanded Distribution and Addition of New Products
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 12/20/06 -- Military & Specialty Distributors, Inc. ("MSDI"), a subsidiary of Military Resale Group, Inc. (PINKSHEETS: MYRG), announced today that it is in negotiations and will announce soon new consumer goods and products that it plans to distribute through to the DeCA system, and the 13.7 million patrons who purchase $5 billion in products each year and through new retail outlets. MSDI have identified numerous new consumer products and services that will enhance the companies' profit margins and increase overall revenues. MSDI is also adding the Northeast region to its current local distribution in its new national expansion effort. The larger coverage will provide the Company with more sales opportunities.
This week Chairman Nick Kontonicolas interviewed with Tradersnation.com and stated, "We are very happy about the products we are planning to distribute to our current distribution and new retail outlets. Although we cannot mention the products at this time, MSDI is entering into a multi-billion dollar consumer product industry; and these are products that everyone uses each day." Nick added, "Please continue to visit our web site at http://www.myrg.net for updates on the new product additions."
About Military Resale Group, Inc.
Military Resale Group, Inc. (MYRG) has been in business for over eight years with a solid track record as a specialist in military distribution. MYRG recently formed a new subsidiary company, Military & Specialty Distributors, Inc. ("MSDI"). MSDI will focus on the planned expansion as a national distributor to service commissaries and retail services throughout the DeCA system, and the 13.7 million patrons who purchase $5 billion in products each year. MSDI has identified numerous new products to market that will enhance the company's revenues and profit margins. The company has also begun to expand its retail operations which now mirror the expanded Military Resale Group wholesale operations. Military Resale Group historically sells a wide variety of grocery and household items.
More information on Military Resale Group can be found at their website, www.myrg.net
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the future press releases of MYRG.
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SFPS (.0215) to Offer Worldwide Payment Services Using the Earthport Universal Payments Network (UPN)
Market Wire "US Press Releases "
RENO, NV -- (MARKET WIRE) -- 12/20/06 -- SafePay Solutions Inc. (PINKSHEETS: SFPS) is proud to announce that it will be offering international payment services using the Earthport UPN. Due to Earthport's global network of banking relationships, SafePay will now be able to provide its suppliers a way to make payments to over 190 countries and collect payments from over 35 countries.
Earthport plc is an AIM listed UK public company dedicated to providing payment and collection of funds for global money movements.
SafePay already provides suppliers with a wide range of payment processing options and a suite of security and anti-fraud tools -- all from one convenient SafePay payment interface.
However through the Earthport UPN, SafePay will be able meet the demand for international services from its existing Suppliers and expects to attract many new Suppliers who require these innovative services.
In this way, companies can focus on what they do best -- creating and promoting their products, while SafePay handles payment and risk management solutions as their turn key solution.
About SafePay:
As an online payment provider, SafePay Solutions brings you the highest level of security, convenience, and speed of any online payment system. Our solutions for business and consumers all around the world are innovative, secure, and cost-effective. With SafePay Solutions, anyone with an e-mail address can send and receive payments, while merchant and corporate clients can conduct business with our vast array of financial management tools.
About Earthport:
Earthport plc is a UK-based company specialising in the provision of secure electronic payments services. Earthport's key product is its Universal Payment Network, a payment infrastructure which links directly to traditional and modern banking systems around the world. The UPN allows parties to make and collect payments using bank accounts and card services in a secure and compliant environment at affordable rates. It also enables payment delivery in over 190 countries and in multiple currencies. The UPN is also bi-directional and caters for micro to macro payments. Further information may be obtained from Earthport's website at www.earthport.com.
Notes about forward-looking statements
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties.
Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made.
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CKYS (.024) Announces Scheduling Update to CNBC Television Commercial Run
Market Wire "US Press Releases "
ST. GEORGE, UT -- (MARKET WIRE) -- 12/20/06 -- CyberKey® Solutions, Inc. (PINKSHEETS: CKYS) announces that the CNBC television commercials originally scheduled for Dec. 18 has been rescheduled to begin Thursday, December 21, 2006.
The thirty-second CNBC commercial coverage was coordinated through Robert McWilliams Productions, Inc. www.mcwilliamsproductions.com and highlights the company's ability to provide "plug and play" solutions and innovative answers to all those who are in need of the most practical and simple ways to store, transfer, recover, and secure their data and preserve there personal property.
"We apologize to all those that have been eagerly awaiting the broadcast of our commercials on CNBC television," stated Jim Plant, CEO of CyberKey® Solutions, Inc. "The delay was caused by an unfortunate handling issue with the actual commercial tapes."
CyberKey® Solutions commercials are now scheduled to air on CNBC Television during the following time slots:
Thursday December 21, 2006 06:00 - 09:00 (EST) Friday December 22, 2006 06:00 - 09:00 (EST) Saturday December 23, 2006 21:00 - 23:00 (EST) Sunday December 24, 2006 21:00 - 23:00 (EST) Monday December 25, 2006 06:00 - 09:00 (EST) Tuesday December 26, 2006 06:00 - 09:00 (EST) Wednesday December 27, 2006 06:00 - 09:00 (EST) **All Programs may be Pre-empted or rescheduled without advance notice**
CyberKey® Solutions recently announced that it has reached out to the investment community and it's shareholders with a detailed interview produced by SmallCapEngine.com "Motion: Inside the Company - CyberKey."
CyberKey's solutions solve real world issues in the entertainment, education, government, military, automotive, financial services and medical industries. CyberKey Solutions' technologies allow users to securely transfer large amounts of data, files and applications software from one electronic device to another while employing a patent pending USB-based Digital Rights Management process. CyberKey's solutions create new opportunities for existing industries and applications. For more information, please visit CyberKey's website at http://www.cyberkeysolutions.com.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
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