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TEWW (.051) Titan Energy Worldwide (Formerly Safe Travel Care) Acquires Stellar Energy Services, $6.5 Million Performer in Generator Sales and Service in 2006 Wednesday January 3, 9:00 am ET
SAN DIEGO--(BUSINESS WIRE)--Titan Energy Worldwide, Inc. (Formerly Safe Travel Care, Inc.) (OTCBB:TEWW - News) announced today that it has executed the agreement to acquire 100% of Stellar Energy Services, Inc. (Stellar) in a cash/stock transaction. Stellar is now a wholly owned subsidiary of Titan Energy Worldwide, Inc. Stellar is an authorized dealer and provides sales and support for Generac Power System, Inc. (www.generac.com) generators and other products in Minnesota, west Wisconsin, North and South Dakota, Iowa, and Nebraska. ADVERTISEMENT
According to the audited financial statements, Stellar posted gross revenues of $1,781,764 in 2004 and $4,573,504 in 2005, finishing both years with losses of $182,914 and $153,655, respectively. Based on interim financial statements, management projects that Stellar will finish 2006 with more than $6.5 million in gross revenues. Further details will be provided in Titan's Form 8K and upcoming 10K annual report for 2006.
Stated Jeffrey Flannery, CEO of Titan Energy Worldwide, "Bringing Stellar into Titan is, I believe, a very strategic move that will benefit companies in the short and the long term. Titan offers experienced veterans in the distributed energy market to help Stellar grow its sales and revenue base. Stellar gives Titan a strong, established foundation and talented professionals who will help us move rapidly in the market of distributed power generation and disaster response services. At the same time, Stellar's sales and service base in the Midwestern US provides great support for Titan's Sentry 5000 mobile utility system."
Through Stellar, Titan now offers a full range of gas- and diesel-powered products, including standby power systems; modular power systems; and residential, light commercial and telecommunications systems. Stellar was founded in January 2004 in Burnsville, MN. In 2005, Stellar opened offices in Omaha, Nebraska, and Des Moines, Iowa. John Giegerich will remain as President of the Stellar subsidiary and will oversee sales and operations of the Stellar subsidiary.
Flannery added, "John Giegerich and his staff have done an excellent job growing Stellar from less than $2 million in sales in 2004 to nearly $7 million in 2006. I expect to see continued rapid growth in our company in 2007 and I have tasked management to prove that we can be profitable in our first year working together as one company."
The terms of the acquisition require Titan to pay the shareholders of Stellar $750,000 in cash over the next six months and 750,000 shares of preferred stock in Titan. Each share of preferred Titan stock can be converted in two years into $1 worth of Titan common stock. Escalation conditions on this conversion apply if the Stellar subsidiary achieves specified revenue goals over the next two years. Titan management expects the cash payments of this transaction to be made through private investments into the company.
Stellar joins Titan Energy Development, Inc. as the second subsidiary in Titan Energy Worldwide. Titan Energy Development is the manufacturer of the Sentry 5000, a multifunctional mobile utility system for disaster recovery and first response situations.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of TEWW officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature; which depend upon or refer to future events or conditions; and 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 TEWW 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 TEWW has no specific intention to update these statements.
Contact: Titan Energy Worldwide, Inc. Jeff Flannery, 619-342-7449
-------------------------------------------------------------------------------- Source: Titan Energy Worldwide, Inc.
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FMNJ (.015) With Gold and Silver Poised for Additional Gain in 2007, Metallurgical Report on Pulacayo Tailings Project Reveals Significant Potential for Franklin Mining, Inc.
Market Wire "US Press Releases "
LAS VEGAS, NV -- (MARKET WIRE) -- 01/03/07 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) has announced receipt of a metallurgical report commissioned in anticipation of a COMIBOL partnership for the recovery of gold and silver from the Pulacayo, Bolivia tailings.
As previously announced by Jaime Melgarejo, President of Franklin Mining, Inc, this study was completed as part of Franklin's due diligence prior to initiating the capital investment required to build and operate a processing plant. The report has been accepted and approved by Franklin's Board of Directors for publication and distribution to financial partners.
Additional information on the plant's operations will be released as soon as final arrangements are concluded. The full Pulacayo report together with information on other Franklin Mining, Inc. projects can be found at www.franklinmining.com.
About Franklin Mining, Inc.
Franklin Mining, Inc. has interests in the United States, Argentina and Bolivia which include a wholly owned subsidiary, Franklin Mining, Bolivia, as well as 51% interest in Franklin Oil & Gas, Bolivia and 51% interest in Franklin Oil & Gas, Argentina.
DISCLOSURES:
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
Investor Relations: Mr. Andrew Austin 1-702-386-5379
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AFML (.22) Introduces Innovative Alternative to Drywall
Canada NewsWire "All News "
TORONTO, Jan. 3 /CNW/ - Aerofoam Metals Inc. (AFML.PK, www.aerofoammetals.com) is pleased to announce that it has developed a unique and proprietary 'wallboard' to replace the use of traditional drywall in all of its various uses.
The Aerofoam wallboard will offer consumers - for residential, commercial, and institutional settings - an alternative to traditional building construction materials such as drywall. Made from Aerofoam's proprietary aluminum material Aerometal(TM), this unique wallboard provides superior attributes to both plywood and drywall - increased strength, lighter, superior fire retarding capability, superior moisture resistance, superior resistance to mold, impervious to damage from pests - and has an almost infinite lifespan.
"Construction material applications are a key industry sector for the use of our Aerometal and wallboard is just one of many" says Mr. Paul Colacci, President of Aerofoam. "We believe our wallboard can easily be a replacement for traditional building materials such as drywall and plywood. The total cost of ownership for our wallboard is price competitive to current building materials and we believe consumers, particularly in high heat and humidity areas and flood areas, will adopt our wallboard. Notwithstanding the superior qualities of the material, catastrophic types of weather activities will not render the materials useless. That will greatly reduce any rebuilding or renovation costs that could be faced by consumers".
"We think the Gulf Coast region is an ideal place for us to start with our wallboard and we have had significant dialogue with many potential strategic partners in that area to work with Aerofoam in order to generate the adoption of the wallboard in the reconstruction efforts there."
Aerofoam will be working with interested strategic partners to initiate commercial production of the wallboard.
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About Aerofoam Metals
Aerofoam produces a highly unique product, known as Aerometal which has myriad of final application uses in any industry, being a possible substitute for any other metals, wood or plastic. Aerofoam's process allows it to produce simple applications as well as complex 3D forms which are required in the automotive, defense, and aerospace industries.
Products made from Aerometal maintain the physical characteristics of pure aluminum but at less density and weight. Product applications can be customized for specific densities as required and enables the use of Aerometal as a preferred material because of the properties of aluminum.
Products made from Aerometal offer substantial material benefits such as strength, durability, water resistance, energy/impact/blast absorption, resistance to mold, resistance to termites and rodents, ease of use, thermal conductivity, and electromagnetic (EMI) shielding, to name a few.
Aerofoam is marketing Aerometal on a global basis in a variety of manufacturing and industrial sectors and customers to integrate the use of Aerometal into a wide range of applications as well as interacting with qualified candidates to establish territorial or product licensing arrangements.
Forward-Looking Statement
-------------------------
Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "Forward Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward Looking Statements may be identified by words including "anticipate", "await", "envision", "foresee", "aim at", "believe", "intends", "estimates" including without limitation, those relating to the company's future business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations.
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CKGR (.085)/Integrated Bio-Energy Resources, Inc. Announces Date for Name Change
PR Newswire "US Press Releases "
NEW YORK, Jan. 3 /PRNewswire-FirstCall/ -- Integrated Bio-Energy Resources, Inc., (OTC Pink Sheets: CKGR) announced today that the merger and name change will take place on January 15, 2007. The Company has taken all of the necessary steps to complete the requisite paperwork and has requested a new CUSIP Number and Trading Symbol.
As part of the merger agreement, the Company will enact a 1 for 100 reverse merger of the stock. The Company has been in serious negotiations for a multi-million dollar funding package and will report results of those efforts post reverse. The new Board of Directors and Officers will also be announced at that time.
Chilmark Entertainment Group, Inc. has merged with Integrated Bio-Energy Resources, Inc. and as part of the merger agreement the company will change the name and the symbol to reflect the true business of the company.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
Company Contact
Tom Dean
310-910-6597
SOURCE Chilmark Entertainment Group, Inc.
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CBRP (.165) to Acquire American Pride Energy
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 01/03/07 -- Cambridge Resources Corporation (PINKSHEETS: CBRP) (FRANKFURT: M3F) announced today that it has signed a letter of intent to acquire American Pride Energy Inc.
According to the company, American Pride Energy will be acquired for 110,000,000 restricted common shares, whereby the total issued and outstanding common shares will be 180,000,000 common shares. The company expects to enter into a definitive agreement by January 10, 2007 and close the transaction by January 17, 2007.
"We are glad to announce this letter of intent to acquire American Pride Energy Inc., a fast growing oil & gas company," said Sylvain Amyot, President of Cambridge Resources Corporation. "The original plan was to execute this transaction into another public company, but now that the transaction with Basics Minerals has been rescinded due to alleged irregularities, we were able to quickly move forward with this significant property," further added Mr. Amyot.
The acquisitions of Basics Minerals and Lesser Slave Lake Exploration were terminated. Stan Ford is not and was never confirmed as a member of the board of directors or as an officer of the company due to alleged irregularities with several issues concerning the Janvier properties as well as the use of funds.
About Cambridge Resources Corporation
Cambridge Resources Corporation is a publicly traded Oil & Gas company, which seeks to acquire North American Oil and Gas producing properties.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Jean-Francois Amyot Lead Corporate Finance Advisor Tel 514-448-6710
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TEGR (.26) Receives $1,000,000 Final Payment For STeP(R) Report to Major International Oil and Gas Exploration Company
Business Wire "US Press Releases "
NEW YORK--(BUSINESS WIRE)--
Terra Energy & Resource Technologies, Inc. (OTCBB:TEGR), an energy and natural resource exploration technology company, announced today that it has received the final $1,000,000 completion payment on the $2.5 million contract the Company signed with a major international oil and gas exploration firm in August 2006. In accordance with the agreement, the Company delivered on time its final STeP analysis report to the client and has just received the final $1 million payment concluding the contract.
In preparing its analysis, the Company utilizes proprietary STeP technology which is based on interpretation of satellite data to effectively identify oil and gas as well as other minerals subsurface, on or off-shore. Terra Energy & Resource Technologies, Inc. conducts its operations through its wholly owned subsidiary, Terra Insight Corporation (TIC).
"We have delivered our reports on schedule, and we received the final payment of $1 million, as agreed. This reflects the on-schedule performance of the Company in delivering its final STeP report pursuant to this important contract with one of the world leaders in off-shore oil and gas exploration and production. Our technology enables our client to more effectively and efficiently conduct its off-shore hydrocarbon exploration efforts and achieve substantial time and dollar savings, in addition to significant reduction of exploration risk," said Roman Rozenberg, Terra Energy & Resource Technologies' Chief Executive Officer. "Now that we have succeeded in performing in accordance with our first contract with this important client, we expect additional opportunities with this and other world leaders in resource exploration."
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 (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 of, 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
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VPFI (.08) Announces Plans to Enter Social Networking Space With Audio ****ging Application
Market Wire "US Press Releases "
PROVIDENCE, RI -- (MARKET WIRE) -- 01/03/07 -- 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 social networking ****ging service that will allow users to post audio recordings to their ****s in real time. This new service will leverage the company's VOIP technologies to deliver the new service.
The premise of the service is to allow users to call the service with their telephone or cell phone, record a message, and instantly have it posted to their ****. Users will be provided with a small snippet of code that they add to their **** which enables the real time availability of their recordings. The service will be compatible with all of the major **** and social networking sites including News Corp's MySpace.com and Google's ****ger.com.
"With the explosive growth that social networking has experienced in 2006, we see huge potential in simplifying the way people ****," said CEO Fotis Georgiadis. He continued, "With a service like this, people are no longer tied to their computers when they want to update their ****s. All they need is a phone, and literally within 60 seconds of recording a message, it's available for the world to listen to."
In 2006, many companies changed their strategies in communicating with their customers and their employees to include ****s or "**** type" services. The value proposition for these companies was clear: a central source for maintaining information, both public and private.
The company plans to release more information about the new service in the near future.
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.
Contact: VOIP5000, Inc. Phone: 1-866-537-6010 Email: ir*voip5000.com
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GDKI (.29) Partner Radio Active Pictures to Secure $50 Million Production Fund
Business Wire "US Press Releases "
NEW YORK & LOS ANGELES--(BUSINESS WIRE)--
Goldmark Industries, Inc. (PINK SHEETS:GDKI) partner, Radio Active Pictures, is pleased to announce that it is currently in the process of securing a $50 Million Production fund which will be the cornerstone for the slate of projects the Company has in development.
RADPics expects 2007 to be a banner year for business, as the Company is also expected to add two music video directors to its existing roster, launch a stock photo division, and is already developing a 4-feature Horror slate. In addition, RADPics is in the process of negotiating a deal with a major music video rep, and is in discussions to attach three major directors to its slated projects. The Company looks forward to revealing the exciting details in the very near future.
Goldmark Director, Danny Rodriguez states, "We are excited about the developments occurring within this outstanding partnership. RADPics has a brilliant team and is growing rapidly. We look forward to unveiling the project details within the next few months."
For more information please visit wwws.radpics.com
About Goldmark Industries, Inc
Goldmark Industries is committed to providing the best in all forms of urban entertainment to the 45 Million Hip-Hop consumers in North America. The average North American spends more on entertainment than they do on health care and clothing, making entertainment the most attractive industry for investors and advertisers alike. Goldmark Industries is preparing to stand at the forefront of the Hip Hop consumer market, specializing in all aspects of entertainment, including Music, Feature Films, Television, Home Video/DVD and Major Events. The strength of Goldmark Industries is the result of its highly reputable and continuously growing management team. The knowledge and experience that each team member brings consistently supports the growing success of each division at Goldmark Industries. In addition, they are associated with some of the world's leading entertainment companies and top distribution channels worldwide, providing Goldmark Industries with the relationships to continually move forward.
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will", "anticipates", "believes", "plans", "goal", "expects", "future", "intends" and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release.
Source: Goldmark Industries, Inc.
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MIDS (.58) Patsystems plc Signs Contract to Provide Front-End System to Midas Securities LLC
Market Wire "US Press Releases "
BUENA PARK, CALIFORNIA -- (MARKET WIRE) -- 01/03/07 -- MidasTrade.com Inc. (PINK SHEETS: MIDS) and Patsystems -
Patsystems is pleased to announce the signing of an agreement to provide front-end trading systems to Midas Securities LLC.
MidasTrade.com Inc. through its wholly owned subsidiary Midas Securities LLC, has been providing Korean brokers and dealers with direct access to the US equities market since 2002. In 2006, they expanded their Midas GDAN, Global Direct Access Network, to include access to futures & commodities markets for Korean futures trading companies and brokers via Patsystems' trading front-end, J-Trader.
Midas Securities will also be providing access to KOSPI, Korean Composite Stock Price Index, via Patsystems solution.
Jay Lee, President and CEO, Midas Securities LLC:
"Midas Securities is the first company to provide a direct link between Korean investors and the US securities markets. Our decision to expand Korean brokers' access to include US futures and commodities markets is a very positive step and Patsystems' solution has made the entire process much faster and easier for us."
Patrick Kenny, Patsystems Managing Director for North America said:
"We are delighted to add Midas Securities to the growing list of Patsystems' customers. We are well established in both the US and Asia, making us the right development partner for their expanding futures business."
About Patsystems
Patsystems provides industry-leading trading technology: fast, reliable and secure electronic systems that support global connectivity from a single screen. Order routing to electronic and open outcry exchanges with comprehensive risk management and the ability to create tailor-made solutions through an open API (FIX or proprietary format), backed by superior customer support. Futures and options brokers worldwide distribute Patsystems' technology to thousands of end users, from independent traders and arcades up to large financial institutions and global brands.
About MidasTrade.com Inc.
MidasTrade is a U.S. based company committed to the deployment of the Midas Global Direct Access Network (GDAN) that allows investors to trade securities, options and futures in real time via their online trading account through the MidasTrade network of participating exchanges, all over the world. The MidasTrade GDAN is designed to provide investors with immediate execution and confirmation of their securities trade with minimal surcharges and commissions. The company successfully launched MidasTrade GDAN in South Korea and the U.S. in March 2002, and is expanding to Canada, Hong Kong and Europe. Additional information is available at www.midastrade.com.
Contacts: Patsystems plc David Webber CEO +44 (0)20 7940 0463
Patsystems Patrick Kenny MD, North America (312) 922-7600
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HSFI (.05) Announces Launch of Website and Marketing Program
PrimeZone "PrimeZone "
IRVING, Texas, Jan. 3, 2007 (PRIME NEWSWIRE) -- Homeland Safety International, Inc. (Pink Sheets:HSFI) announced today the launch of their new website (www.homelandsafetyintl.com). The site reflects the Company's recently announced mission to be a broad-based provider of homeland security products and services. The site is an information resource for the Company's customers, investors, and their international Representatives. The initial release of the site provides basic information about the Company, its products and the Representatives that sell their offerings worldwide. Future releases will add in-depth product reports, field tests and end user audio/video testimonials.
"This is a major step in the process of rolling out our expanded strategy as a comprehensive provider of homeland security solutions," stated Paul Johnson, President of the Company. "We now have a strong set of products and services available to meet the needs of our various constituents, and this site will be their initial resource to learn about these offerings."
The Company also stated that it expects to leverage the website as a tool in recruiting new Representatives for Homeland Safety on a global basis. "We have demonstrated the ability to develop strong Representative relationships and provide the product and services required for their unique situations," stated Lee White, Vice President of the Company. "Our job now is to expand that sales channel as well as continue to sign additional agreements with the companies that have 'best in class' solutions for the war on terror."
About Homeland Safety International, Inc.
Homeland Safety has signed selling agreements for numerous products that are related to homeland security and the war on terror. Its products and services include anti- and counter-terror security services, equipment for covert operations, bio-terror chemical products, GPS and RFID tracking solutions. Homeland Safety is also the holder of the exclusive license to sell Sniffex, an explosives detection device in NAFTA countries and, on a non-exclusive basis, in most other areas of the world.
Safe Harbor Act Disclaimer: Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities.
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CYRX (.30) Signs Letter of Intent With Commodity Sourcing Group
Market Wire "US Press Releases "
BREA, CA -- (MARKET WIRE) -- 01/03/07 -- CryoPort, Inc. (PINKSHEETS: CYRX) announced today that it has entered into a non-binding Letter of Intent with VHS Group LLC, dba Commodity Sourcing Group ("CSG") located in Detroit, Michigan.
The letter of intent stipulates that CryoPort will be the exclusive supply source to CSG for cryogenic transport containers and that CryoPort will supply to CSG all of its requirements of such containers. The two parties are discussing business development opportunities that could potentially provide necessary capital funding.
Under the terms of the letter of intent, CryoPort shall retain ownership of the technological rights to its product line and will provide CSG exclusive rights through a licensing agreement and in return CSG will pay CryoPort a royalty.
About CryoPort, Inc.
CryoPort (www.cryoport.com) develops leading edge, proprietary, technology driven shipping and storage products for use in the rapidly growing global biotechnology and biopharmaceutical sectors. The products developed by CryoPort are essential components of the infrastructure required for the testing, research and end user delivery components that make up the foundation of the biopharmaceutical and biotechnology industries.
"SAFE HARBOR"
This press release contains forward-looking statements. The words "estimate," "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company 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 inherently 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 by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
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- Universal Express' Division MadPackers Signs Letter of Intent to Purchase Smart Movers
NEW YORK--(Business Wire)--Universal Express Inc. (OTCBB: USXP), division MadPackers announced today the signing of a letter of intent to purchase Smart Movers, a leader in the college shipping and storage industry. Based in the Boston area, Smart Movers has been in operation for over 11 years and services over 23 schools across the northeast. Smart Movers, through its 11-year tenure, has averaged over 3,500 students per year for its shipping and storage services.
"We are all very excited to team up with an established player in the college services industry and gain 11 years of experience in one year. It is a great opportunity for our young company to continue its aggressive expansion and growth across the country," stated Brian Altomare, President of MadPackers.
The merger between Smart Movers and MadPackers will form one of the largest college shipping and storage companies in the country. MadPackers plans to retain the services and experience of Smart Movers management to continue and assist in the growth of MadPackers.
"With the experience of Universal Express' customer service, logistics, and operations behind us, I am very confidant that SmartMovers will be able to expand MadPackers business and help it become the leader in this fragmented college shipping and storage industry," said Larry Byron, President of Smart Movers.
"With this industry still in its formative phase, the combination of Universal Express' many companies and operation capacities, along with Smart Movers 11 years experience on the front lines of campuses across the country, we will build the foundation and set the tone for the entire college services industry," noted Byron.
"The acquisition of Smart Movers will give MadPackers additional offices in Massachusetts, expanding its already existing operations in Florida and New York City. We will now have local presence in one of the largest concentrated areas for colleges and students anywhere in the United States," said Chris Adamo, Director of Business Development for MadPackers.
"This is a great way for MadPackers to end its first year of operation and bring in the New Year," concluded Chris Adamo.
About Universal Express
Universal Express, Inc. is a 22 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Universal Express, Inc. Mark Falk, 561-367-6177 publicrelations*usxp.com
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SLGI (.15) Awarded a $1.6 Million Contract to Install An Automated Handling System
PrimeZone "PrimeZone "
NEW YORK, Jan. 3, 2007 (PRIME NEWSWIRE) -- SecureLogic Corporation (OTCBB:SLGI), a provider of automated solutions for effective management of security screening and material handling, today announced that it has been awarded a 1.6 million US dollars contract to install an automated material handling system in Israel. The system will be installed in Israel by SecureLogic's subsidiary, SpaceLogic, and is to be completed by Q3 of 2007.
Gary Koren, CEO of SecureLogic, said, "We are very pleased to be able to start 2007 on a positive note with the announcement of this contract. In addition to the positive business impact of this project, it will serve as an opportunity to further establish the superior automation standards of our product line, and we anticipate enhanced business prospects for SecureLogic."
About SecureLogic
SecureLogic develops and markets systems that optimize the screening of bags and people through airports, seaports, border-crossings, or any other security screening operation. Its subsidiary, SpaceLogic Ltd., provides automated Baggage and Material Handling turn-key systems. SecureLogic's systems integrate unique security methodologies with state-of-the-art screening and baggage handling technologies, providing a comprehensive baggage screening and passenger screening security solution. For more information, please visit www.secure-logic.net .
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements, including those regarding the ability to fulfill contracts and profitability. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
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