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NMKT (.375) to Acquire Majority Interest in RedMoon, Inc. in Strategy to Independently List Wi-Fi Subsidiary with Forecasted $10 Million in 2007 Revenue
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
NewMarket Technology, Inc. (OTCBB:NMKT) today announced executing a letter of intent (LOI) agreement to acquire the majority interest in RedMoon, Inc. NewMarket previously acquired a minority interest in RedMoon in 2004. RedMoon and NewMarket have since partnered to make RedMoon a recognized leading provider of wireless mesh networks. The RedMoon operation will be reorganized into Diamond I, Inc. (OTCBB:DMOI) following NewMarket's previously announced acquisition of the majority interest in Diamond I. (http://biz.yahoo.com/bw/061204/20061204005710.html?.v=1)
RedMoon, Chevron Energy Solutions and the Future of Wireless Mesh Solutions
RedMoon has designed, engineered and implemented mesh network solutions, providing high-speed Internet service, security surveillance, automatic meter reading and mobile broadband. In 2006, RedMoon and Chevron Energy Solutions, a Unit of Chevron Corporation (NYSE:CVX), signed a contract with the City of Burleson, Texas, to construct a wireless broadband network and implement an automatic water meter reading pilot project. (http://www.chevronenergy.com/news_room/default.asp?pr=pr_ 20060329.asp) (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
NewMarket Listed Wi-Fi Subsidiary with $10 Million 2007 Revenue Forecast
NewMarket, Diamond I and RedMoon will consolidate Wi-Fi technology assets and proprietary knowledge to build a comprehensive emerging Wi-Fi business that can be leveraged to build revenue into a number of different market segments. The combined NewMarket, Diamond I and RedMoon operations will create a multi-industry Wi-Fi solution provider with a 2007 revenue forecast of $10 million. The combined Wi-Fi operations will constitute a single consolidated NewMarket subsidiary with a public listing independent of NewMarket's parent listing. NewMarket and Diamond I are currently reviewing definitive agreements and plan to finalize the intended transaction in the coming weeks. RedMoon and NewMarket have already initiated due diligence efforts and plan to upgrade the current letter of intent to a binding agreement in the near future.
New Technologies, New Markets, Listed Subsidiaries and Shareholder Dividends
NewMarket Technology, Inc. launched an innovative business plan in 2002 to continuously introduce new technologies to new and emerging markets. Since that time, the Company has grown from reporting $2.3 million in profitable revenue in 2003 to being recognized by Deloitte & Touche USA LLP as the fifth fastest growing technology firm in North America after reporting over $50 million in audited profitable revenue in 2005. NewMarket sells dozens of technology products and services throughout North America, China, South East Asia and South America. The independent public listing of consolidated subsidiaries is an integral component of NewMarket's long-term plan to continuously introduce innovative technologies to these rapidly growing markets. NewMarket plans to subsequently issue stock in its independently listed subsidiaries to NewMarket shareholders in dividend distributions.
NewMarket China, Inc., $20 Million in 2006 Revenue, $40 Million in 2007
Earlier this year, NewMarket Technology completed the public listing of its first independently listed consolidated subsidiary, NewMarket China, Inc. (OTCBB:IICP), formerly known as Intercell International Corp. NewMarket's Chinese subsidiary expects to report over $20 million in revenue for 2006 and has forecasted a 100% increase in revenue in 2007 to $40 million.
NewMarket Latin America, Inc., a Second Independently Listed Subsidiary with $20 Million in Revenue
NewMarket recently announced an LOI agreement to create a second regional publicly listed subsidiary. NewMarket announced an LOI agreement to combine its Latin American operations into Paragon Financial Corp. (OTC:PGNF) with NewMarket becoming the majority shareholder in Paragon. NewMarket currently has over $20 million in profitable annual revenue from its Latin American operations located in Venezuela, Brazil and Chile.
About RedMoon, Inc. (www.redmoonbroadband.com)
RedMoon was founded in August 2000 and is a pioneer in the wireless mesh arena. Today, RedMoon is leading the mesh revolution with next-generation, network solutions for mobile broadband and wireless access in city deployments. RedMoon's networks are designed for Wi-Fi in the unlicensed 2.4 GHz spectrum, 4.9 GHz spectrum for public safety and integrates 5 GHz mesh for backhaul.
RedMoon networks are high-performance, scalable networks that can support the growing demand for high bandwidth applications such as business connectivity, video surveillance, emergency response communications and voice-over-IP (VoIP) services. The network design allows a city, campus or county to start small and grow over time.
RedMoon holds a DIR Commodity Purchasing Program Contract (No.DIR-SDD-475) offering discounted products and services to the State of Texas and is also certified by the State of Texas through the Certified Information Services Vendor (CISV) program.
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.
About NewMarket China, Inc. (formerly Intercell International Corporation) (http://www.newmarkettechnology.com/about-newmarket-china.htm)
NewMarket China, Inc. is a leader in the rapidly developing Chinese software engineering market providing high quality outsourcing services to global customers. In addition, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market. NewMarket China has established and continues to grow a highly capable network of Chinese IT Service partners providing domain expertise in telecommunications, multimedia, ERP and finance. Headquartered in Shanghai, NewMarket China bridges the gap between Western and Eastern business cultures to realize the advantages of the high quality, low cost technology products and services available in China. In doing so, the firm assists its clients in overcoming the challenge of taking a business global. NewMarket China comprehends the differences in business processes, communications and cultures between the United States and China, and provides its clients with an established partner who provides a winning environment for global relationships and transactions. While most firms see China as merely a cost saving alternative, NewMarket China recognizes that China represents a huge growth opportunity for its customers and supports them in localizing their products and services, and in identifying complementary revenue streams within the Chinese Market.
About Diamond I, Inc. (http://www.wificasino.net/)
Diamond I owns the rights to patent-pending voice-recognition and finger-print biometric security technologies. These security technologies will be incorporated into Diamond I's WifiCasino GS wireless, hand-held gaming system, as well as the hand-held gaming unit to be employed by the Global Gaming Platform venture.
Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino"(TM), which includes the GS2(TM), the user-friendly wireless hand-held unit. With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to Diamond I's WifiCasino and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing facilities. Diamond I has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.
About Paragon Financial Corporation (www.pgnf.com)
Paragon Financial Corporation has been a financial services business focused on the acquisition of companies that originate mortgages loans or provide other financial services. Subsequent to the recent sale of its Paragon Homefunding subsidiary, acting management is currently exploring a range of alternative business strategies to maximize shareholder value.
"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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FGFC(.0023) First Guardian Financial Corporation Names Interim President Jan 9, 2007 10:02:00 AM Copyright Business Wire 2007 NEW YORK--(BUSINESS WIRE)--
First Guardian Financial Corporation (PINK SHEETS: FGFC) today announced that it has named Mr. Fauzie Mohamed as the interim President of the company. Mr. Mohamed has most recently served as the company's Director of Buysellmerge.com unit and President of Windsor Capital.
Mr. Mohamed was educated at the University of London, England. B.Sc. Computer Science.
Mr. Mohamed has compiled an impressive Information Systems/Technology background related to Project Management/Project Leadership, Feasibility, Business Analysis, Requirements Definition, Systems Architecture, Design, Development, Testing and Implementation of large, complex Online/Real Time and Batch Systems. He is a proven performer who has led by example, maintained technical skills and accepted greater leadership and management responsibilities. He is able to successfully handle Projects from conception through to implementation because he has maintained his unique combination of skills. His 36+ years of information systems experience have covered the UK, Canada and the United States where he has lived and worked on a variety of Projects for various types of clients, designing, building and implementing large complex application systems.
Since 1994 Mr. Mohamed's assignments have been in the Wall Street, NY area. During this time his clients have included Merrill Lynch, Citigroup/Smith Barney, Deutsche Bank/Banker's Trust, Citibank and Chase Manhattan Bank/JP Morgan Chase.
Mr. Mohamed possesses a strong background in Mortgage Backed Securities, Securities/Brokerage Systems, Banking Application Systems, Mutual Fund/Investment System, and Trade Information System. Financial Products Sub-System, Branch Electronic Reporting System, Financial Accounting System, Mortgage Administration Systems, & Loan System. Mr. Mohamed is married with one daughter and is a citizen of the United States and lives in New York City.
Mr. Mohamed said: "I am very enthusiastic about the opportunity to lead First Guardian Financial Corporation and to aggressively execute our strategic plan. In recent months, the company has adopted a comprehensive strategy, we will strengthen our portfolio through both acquisitions and organic growth, although we still have much to do, these steps have positioned us to achieve our stated goals."
Mr. Mohamed continued: "Going forward, we will maintain a sharp focus on meeting all of our stated objectives and will continue to grow the business per its current business plan, we have a strong roster of clients and business partners and I look forward to continuing to work closely with our business partners and clients."
This press release does not constitute an offer of any securities for sale. This press release contains certain 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. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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ALRX (.089) Provides Positive Update On Indaflex
PrimeZone "PrimeZone "
MARKHAM, Ontario, Jan. 9, 2007 (PRIME NEWSWIRE) -- AlphaRx Inc. (OTCBB:ALRX) is pleased to announce that Proprius Pharmaceuticals Inc. has raised up to $17M in a Series A financing. A large portion of the proceeds will be used to complete the Phase II trial of Indaflex(tm) and advance Indaflex(tm) towards pivotal Phase III trials later this year.
About Indaflex(tm)
Indaflex(tm) is a topical NSAID (Non-Steroidal Anti-inflammatory Drug) formulation currently in Phase II clinical development for the reduction of signs and symptoms associated with OA of the knee. Arthritis is the most common chronic disease in North America and afflicts an estimated 10% of the world's population. The active ingredient in Indaflex(tm), indomethacin, has a long-standing and proven clinical treatment record. Delivered through the skin using proprietary technology developed by AlphaRx, the companies believe Indaflex(tm) will have an attractive safety, tolerability and efficacy profile in comparison to oral treatments and other topical preparations.
About AlphaRx Inc.
AlphaRx is a clinical stage biopharmaceutical company utilizing proprietary drug delivery technology to develop novel formulations of drugs that are insoluble or poorly soluble in water or have yet to be administrable to the human body with an acceptable delivery method. The Company's product candidates address various pharmaceutical markets, including arthritis, tuberculosis, ocular infection and inflammation, pneumonia and sepsis.
Forward-Looking Statements:
This release contains forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product development and acceptance, manufacturing, competition, regulatory and/or other factors, which are outside the control of the companies.
CONTACT: For AlphaRx Inc.: AGORACOM Investor Relations Corp. http://www.agoracom.com ALRX*Agoracom.com
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PrimeHoldings.Com, Inc. (Pink Sheets:PMGJ), a diversified holding company with early mover initiatives in the oil and gas, telecommunications and other strategic industries, today announced it has completed its due diligence subsequent to the previously executed letter of intent and has confirmed that the representations made by the company are accurate, truthful and complete. Prime will acquire a significant equity position in Shoot the Hoop, Inc., a sports venue entertainment corporation, www.shootthehoop.com. The acquisition is expected to be finalized within the next week.
"Shoot the Hoop, Inc. has no significant debts or liabilities," stated Thomas Aliprandi, CEO of PrimeHoldings.Com. "This acquisition will provide us with a strong entry into the national sports venue marketplace with an already proven and successful business model," continued Aliprandi.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Source: PrimeHoldings.Com, Inc.
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SEATTLE, Jan. 9 /PRNewswire-FirstCall/ -- PhotoWorks(R), Inc. (OTC Bulletin Board: PHTW), one of the leading Internet-based digital photo- publishing companies, today announced that revenue from digital photo services grew 68% in FY06 from the previous fiscal year. During FY06, which ended September 30, 2006, PhotoWorks took in $6,372,000 in digital revenue and an additional $5,297,000 in revenue from film, compared with $3,784,000 in digital revenue and $9,939,000 in film revenue in FY05.
In addition, PhotoWorks announced that 69% of its revenue in FY06 came from products other than prints, as the company's customers looked to express themselves through offerings like cards, photo books, calendars, mugs and other personalized gifts. In FY05, 58% of PhotoWorks' revenue came from products other than prints.
The largest percentage of PhotoWorks' non-print revenue in FY06 came from photo books (29.2%), followed by cards (20.8%) and calendars (11.6%).
"Our growth in digital revenue and non-print photo products is a testament to the fact that people are looking for new, more sophisticated and creative ways to express themselves and preserve their digital memories," said PhotoWorks CEO Andy Wood. "Other photo services are all about shooting, printing and e-mailing. We think there's more to it than that. People have a wide array of interests, hobbies and passions that drive them to take photos, and we want to give them a myriad of ways to indulge and immortalize those passions. We're thrilled that more and more customers are taking advantage of those options."
About PhotoWorks, Inc.
PhotoWorks(R), Inc. is an Internet-based digital photo-publishing company. The company's web-based services allow PC and Mac users to create hardbound photo books, customized greeting cards, calendars, prints and other photography-sourced products straight from their computers. Formerly known as Seattle Film Works, PhotoWorks has a 30-year national heritage of helping photographers share and preserve their memories with innovative and inspiring products and services. More information on the Company is available at www.photoworks.com or by e-mailing customercare*photoworks.com.
PhotoWorks(R) is a trademark of PhotoWorks, Inc.
SOURCE PhotoWorks, Inc.
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VRAL (.079) Identifies Crucial Peptides for Potential HIV/AIDS Drug
PR Newswire "US Press Releases "
AZUSA, Calif., Jan. 9 /PRNewswire-FirstCall/ -- Viral Genetics (OTC Bulletin Board: VRAL) has identified two key peptides involved in its thymus nuclear protein or "TNP" technology currently under development for the treatment of HIV/AIDS. The active components of VGV-1, Viral Genetics' lead drug candidate based on TNP, were discovered by independent research laboratories and additional studies to confirm these findings are currently underway.
The compounds identified include two classes of peptides (small protein fragments) that occur naturally in a variety of mammals, including humans. While both have been studied and reported in the scientific literature predominantly as markers, their therapeutic uses have not been actively pursued to date.
In published studies, one of the peptides has been characterized as an immune modulator, possibly possessing natural antiviral and anti-infective properties. Researchers have also identified an association between levels of this peptide and certain viral infections and cancers.
"From a scientific perspective, this may be a very important discovery for Viral Genetics and, if confirmed, could shed insight into our understanding of TNP and VGV-1. By having the active components isolated, we should be able to identify the mechanism of action and determine optimal dose. These are critical requirements in the process of improving the antiviral effects of the product and moving towards US clinical trials," said Dr. Eric Rosenberg, Chairman of the Company's scientific advisory board and Associate Professor of Medicine at Harvard Medical School.
"While these results are preliminary and we are working rapidly to confirm them, this is a significant milestone for Viral Genetics and could greatly accelerate our development efforts in the United States and worldwide. Our hope is that the broad body of existing knowledge on the active compounds in the literature may also enhance our drug development pipeline," said Haig Keledjian, president and CEO of Viral Genetics, Inc.
In recent studies, a reduction of HIV viral load was observed in a subset of patients after treatment with VGV-1 versus patients receiving placebo. As reported in the Company's poster presentation at the 2006 XVI International AIDS Conference, VGV-1 treated subjects also demonstrated apparent beneficial immunological changes when compared with placebo.
The World Health Organization estimates approximately 40 million people are now living with HIV. Even with the available treatments for AIDS, there are large numbers of people that need alternative therapies and hope remains that progress will be made in discovering new therapies that bolster patients' immune systems.
About VGV-1
VGV-1 is a therapy based on thymus nuclear protein which is extracted from bovine thymus tissue. As a type of immune-based therapy, it focuses on boosting the immune system to allow the body to fight HIV more efficiently. Thymus nuclear protein technology has been studied in five human clinical trials for the treatment of HIV infection and AIDS.
About Viral Genetics
Viral Genetics, Inc. is a biotechnology company that discovers and develops immune-based therapies for HIV and AIDS using its thymus nuclear protein compound. This compound may have other potential applications for other infectious, autoimmune, and immunological deficiency diseases that the company intends to study in the future. Viral Genetics believes that VGV-1 represents a significant and unique approach to treating HIV due to the apparently novel mechanism, low toxicity profile, simple dosing regimen, and short-course of treatment. Online at www.viralgenetics.com
For additional information, please contact Viral Genetics at 626-334-5310.
This news release contains forward-looking statements that involve risks and uncertainties associated with clinical development, regulatory approvals, and other risks described by Viral Genetics, Inc. from time to time in its periodic reports filed with the SEC. VGV-1 is not approved by the US Food and Drug Administration or by any comparable regulatory agencies elsewhere in the world. While Viral Genetics believes that the forward-looking statements and underlying assumptions contained therein are reasonable, any of the assumptions could be inaccurate, including, but not limited to, the ability of Viral Genetics to establish the efficacy of VGV-1 in the treatment of any disease or health condition and the development of studies and strategies leading to commercialization of VGV-1 in the United States. Therefore, there can be no assurance that the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the forward- looking statements should not be regarded as a representation by Viral Genetics or any other person that the objectives and plans of Viral Genetics will be achieved.
SOURCE Viral Genetics, Inc.
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CLINTON TOWNSHIP, Mich., Jan. 9 /PRNewswire/ -- Midnight Holdings Group, Inc. (OTC: MHGI) today announced its expansion plans for 2007. During 2007, Midnight plans on opening five new standalone All Night Auto service centers and two additional shopping mall-based All Night Auto service centers that are combined with All Night Auto retail stores.
The five additional standalone All Night Auto service centers will enhance three of the four markets in which Midnight currently operates: Tempe, Arizona (currently, one service location); Illinois (currently, three service locations); and Michigan (currently, two service locations). Midnight anticipates that all five of the new standalone service centers will be located in proximity to existing All Night Auto locations to provide three strategic benefits: cost-efficient operations; increased brand marketing effectiveness; and awareness for the company and its unique business proposition. In addition, the new centers will handle the high local demand for services that occurs in all of the locations where All Night Auto has opened.
The two new shopping-mall-based retail centers locations are anticipated to be in markets not currently served: Wisconsin and the Carolina region, and will be sited at locations to be announced at a later date. Each of the new shopping mall locations will include a brand-new All Night Auto retail store.
The two mall-based locations are being developed in conjunction with CBL Properties (CBL), the fourth largest shopping center REIT in North America and a private funding group located in the Detroit area.
"Nick Cocco and our entire service team is focused on revenues and brand recognition," said Earl D. Diem, 43, Chief Operating Officer of Midnight. "We are pushing hard for substantial growth from both our existing stores and from our new stores. We expect to have 17 All Night Auto branded facilities in operation by the end of 2007, including 3 retail centers and 14 service centers, pushing our system-wide sales to more than $10 million."
In October, 2006, Midnight announced its plans to operate 100 or more retail stores and service center locations throughout the United States over the next several years. All Night Auto, a subsidiary of Midnight Holdings, provides automotive care through a unique combination of technology, service and value focused on the needs of today's consumers. The company's unique brand proposition is to provide concierge level automotive services that supersede any traditional level of automotive service.
Nicholas A. Cocco, 41, the President and CEO of Midnight Auto, said: "We continue to experience growing demand for our services in all of our locations, and the new shopping mall expansion is a further indicator of the enormous growth potential we see for the company."
About All Night Auto
All Night Auto provides all makes/all model concierge service and convenience to both retail and commercial clients seven days a week, and 100 hours per week. Stories are open Monday - Thursday from 7 a.m. until midnight, Saturdays and Sundays until 6 pm. All Night Auto's "Automotive Concierge Service" is designed to meet the demands of today's educated and discriminating consumer in the rapidly changing service economy. All Night Auto currently operates nine All Night Auto branded locations in Arizona, Illinois, Michigan and Oklahoma.
About Midnight Holdings Group, Inc.
Midnight Holdings Group, Inc. (OTC: MHGI) is the parent of Midnight Auto Franchise Corp and All Night Auto Stores, Inc. The subsidiary companies provide management and distribution services as well as automotive aftermarket products and concierge services under its flagship "All Night Auto(R)" and "All Night Lube Express(TM)" brand names.
This news release contains forward-looking statements, including those that involve known and unknown risks, delays, uncertainties and other factors not under the control of Midnight Holdings Group, Inc., which may cause actual results, performance or achievements of the Midnight Holdings Group, Inc. to be materially different from the results, performance or other expectations implied by these forward-looking statements. These risks and other factors, are discussed in the Midnight Holdings Group, Inc.'s filings with the Securities and Exchange Commission such as the 10K, 10Q and 8K reports. Midnight Holdings Group, Inc. undertakes no obligation to update any forward- looking statements.
SOURCE Midnight Holdings Group, Inc.
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USXP (.0032) CEO Named Chair of Industry New Committee on Naked Short Selling
Business Wire "US Press Releases "
NEW YORK--(BUSINESS WIRE)--
Universal Express Inc. (OTCBB: USXP), based in New York and Florida, and a member of The National Small Public Company Leadership Council (Leadership Council) and the Microcap Company Political Alliance Corp. (MCPAC), CEO Richard Altomare has been appointed Chair of the Leadership Council/MCPAC Committee on Naked Short Selling. The new committee will be formally organized in Washington this spring concerning the issue, known as 'naked shorting,' and will then initiate a Policy Report research program over the summer months. A Report will be submitted to the Leadership Council/MCPAC Board of Directors in September for review and probable Congressional action.
"I look forward to working with members of MCPAC to ascertain how the practice of 'naked shorting' is causing smaller public companies to go out of business or impacting others' market prices despite their good business developments, and then bringing the issue to the attention of the federal government," said Mr. Altomare.
"The practice of 'naked shorting' is of growing concern among the membership of the Leadership Council and MCPAC and we welcome Richard Altomare to head our efforts," said Frank Speight, Chairman of the Leadership Council and MCPAC. Both groups work jointly to represent the interests of small public companies and microcap public companies in Washington, D.C.. "This volunteer committee will bring together vital information for a MCPAC Policy Report as our initial effort to educate and inform members of Congress, the White House and the Securities and Exchange Commission (SEC) about the practice and the effects it's having on smaller public companies, their stockholders, investors and employees," explained Mr. Speight.
Naked Short Selling is the practice of borrowing stock then selling it in hopes that the price will go down and it can be bought back at a lower price, thereby generating a profit and allowing one to return like shares for the borrowed ones.
The Leadership Council, which was formed in 2000, seeks to educate and inform the White House, U.S. Congress, federal agencies, industry trade groups and political organizations based in Washington about the economic contributions of the nation's entrepreneurial public companies. Please visit our website: http://www.nspclc.com. MCPAC was formed in 2005 as the first advocacy group representing the interests of the nation's microcap publicly-traded companies to securities regulators and policymakers in Washington. Please visit our website: http://www.microcappac.org.
About Universal Express
Universal Express, Inc. is a 23 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.
Source: Universal Express, Inc.
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HSXI (.25) Signs Agreement Worth Over $3.5 Million...
M2 "Press Wire "
M2 PressWIRE - January 9, 2007 - BTLMonthly.com has a Monthly Magazine, a Mid-Month Edition, and a Daily News Bulletin that features undervalued companies poised for growth. BTLMonthly.com features the Top 5 Reasons to watch said companies.
1. EXCELLENT MARKETING DEMOGRAPHIC. HealthSonix Inc. is a multi-dimensional medical technology company that develops and markets healthcare services and FDA registered medical products to treat the pain associated with arthritis; fibromyalgia; and musculoskeletal injuries. As baby boomers start aging, the market is going to double over the next twenty years.
2. REAL COMPANY WITH REAL RESULTS. To date, over 180,000 treatments have been administered and the documented results show:
* 80% of patients recorded an average decrease in pain by 42%
* 86% of patients had an improvement in function of 40%
* 64% of patients recorded an average decrease in stiffness by 49%
3. CUTTING EDGE PATENT PENDING MEDICAL TECHNOLOGY. The Company's core offerings are based on proprietar medical technologies that use sound pressure waves to administer sub-sensory micro vibration to the human body. Precisely formatted low frequency sound pressure waves are effective in treating the pain of many diseases, particularly arthritis. All treatments and products are safe, non-invasive, drug free, and have no known side effects.
4. COMPANY EXPANSION. Healthsonix also owns and operates four different divisions: Arthritis Treatment Centers, AquaSonix Therapy, enSonix*home, and MyArthritisStore.
5. DIVERSIFICATION OF PRODUCT.
Arthritis Treatment Centers offer enSonix sound pressure wave treatments and combine them with established therapies to reduce and even eliminate arthritis pain and restore joint mobility.
AquaSonix Therapy is a breakthrough medical treatment program that combines sound pressure waves with individualized low impact exercises in warm water therapy pools.
enSonix*home is a new, personal use medical device that generates therapeutic sound pressure waves similar to the ones used at the Arthritis Treatment Centers and has explosive sales growth potential.
MyArthritisStore.com will be an excellent source for specialized products for pain relief and improvement in function. The new portal is currently undergoing beta testing and is expected to be online and fully functional the first quarter of 2007.
HealthSonixappoints CMI as Exclusive Distributor in South Korea for its Medical Devices
HealthSonix (OTCPK:HSXI) started the New Year with a bang! Why you ask?
Simple. Technically speaking, the stock is oversold, at these levels is an excellent buying opportunity, and the Company is a general unknown in the investment community. Investors are finally starting to discover this exciting company.
HealthSonix is backed by an excellent management team, strong business plan, and viable product range. Coming into the 2007 fiscal year, the Company has a sales backlog of 150,000 of the enSonix*home units. Consider the original sales forecast were 30,000 units and now there are sales commitments in place for five times as many system sales. With today's announcement, the back log stands at 187,500 enSonix*home units!
Note above the five key reasons why HSXI is the Company to follow in 2007.
IRVINE, CA -- HealthSonix, Inc. (OTC: HSXI; FRANKFURT: H7S) today announced that it has finalized a Memorandum of Understanding with CMI Medical Ltd., of Seoul, South Korea, to be the company's exclusive distributor for the AquaSonix Therapy and enSonix*home medical devices. CMI Medical will be commencing the registration process with South Korea's KFDA, the Korean equivalent of the FDA [US Food and Drug Administration], and plans to take the initial delivery of product in the first half of 2007. The first year of the agreement is estimated to be worth in excess of $3.5 Million to HealthSonix once optional accessories for the device are included. A 30% annual sales escalation clause forms part of the agreement and CMI has to generate sales in excess of $4.5 million in 2008 to maintain exclusivity for the Korean market.
"The enSonix*home medical device has been extremely well received here in North America and has been given high marks for its efficacy by our patients. Ease of use and a relatively low cost is what is making this product very attractive to be used on its own or in combination with medications. South Korea is a very important market for us and foothold in the strategically important Far East market" said Ivan deSouza, Chairman of the Company.
The agreement calls for sales of 37,500 enSonix*home units in the first year of the agreement. CMI has sales and support offices in Seoul, Pusan, Kwangju, Taegeon, and Kangwon. "CMI is a significant addition to our worldwide distribution channels as they cater to both the consumer and the professional healthcare markets in South Korea," added Dieter Doederlein, Vice President of Corporate Development.
HealthSonix registered and cleared the enSonix*home medical device with the United States Food and Drug Administration (FDA) in the fall of 2006. EnSonix is designated as a class one device, the safest classification for medical devices. The product has been indicated for pain reduction and muscle relaxation.
About HealthSonix
HealthSonix, Inc. is a publicly traded medicaltechnology company. The Company's core offerings are based onproprietary, patent pending medical technologies that use soundpressure waves to administer sub-sensory micro vibration to the humanbody. Precisely formatted low frequency sound pressure waves are 80%effective in treating the pain of many diseases, particularlyarthritis. All treatments and products are safe, non-invasive and have no known side effects.
Forward Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Act of 1995 --With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may", "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict", "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
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Disclaimer
All material herein is information supplied by the company or other sources believed to be reliable. The information contained herein is not guaranteed by Business to Leisure Monthly Inc. (a subsidiary of BTL Media, Inc.) to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this profile have approved the statements made in this profile. This profile contains forward-looking statements that involve risks and uncertainties. Statements in this press release about the Company's future expectations 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 Act of 1934, as that term is defined in the Private Securities Reform Act of 1995. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward looking statements. Such "forward-looking statements" are subject to risks and uncertainties set forth from time to time in the Company's SEC reports that could cause results to differ materially from those expressed or implied include, but are not limited to, the results of future tests and the availability of funding for additional research and development. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Business to Leisure Monthly is not a licensed broker, broker dealer, market marker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on www.btlmonthly.com. Business to Leisure Monthly intends to sell any shares owned within the next 60 days. Business to Leisure Monthly received compensation of seventy-five thousand free trading shares to perform investor relations services for Healthsonix. Business to Leisure Monthly affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this profile and may profit in the event those shares rise in value. Business to Leisure Monthly does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
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RENO, NV -- (MARKET WIRE) -- 01/09/07 -- SafePay Solutions Inc. (PINKSHEETS: SFPS) is proud to announce that the integration and testing process between MoneyGram ExpressPayment and SafePay Solutions has now been completed and is already operational as a new payment option for SafePay Members.
This non-exclusive partnership with MoneyGram ExpressPayment allows SafePay Suppliers a convenient and immediate way to receive payments for their products and services.
SafePay customers now have access to more than 20,000 retail locations nationwide as well as 18,000 domestic MoneyGram Agent locations, with the assurance of guaranteed funds within 10 minutes of payment.
A large number of SafePay Suppliers will welcome this payment method for their customers because of its convenience, low cost, and quick payment notification.
This new payment option complements SafePay's existing payment services while offering SafePay Suppliers and members even more choices.
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.
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.
posted
BVRSF (.185)to supply EVA to European plane maker: BVR Systems will receive royalties on every plane that includes capabilities covered by its embedded virtual avionics patent. [Globes, Tel Aviv, Israel]
Knight Ridder/Tribune "Business News "
Jan. 9--BVR Systems (1998) Ltd. (Bulletin Board:BVRSF.OB) has granted a European aircraft manufacturer a worldwide, royalty bearing, non-transferable, non exclusive license to the company's embedded virtual avionics (EVA) patent. BVR will receive royalties on every plane that includes capabilities covered by the patent. The company did not disclose the name of the manufacturer.
BVR's EVA is protected by both US and EU patents as an "airborne avionics simulator system", which was invented by BVR Systems chairman Aviv Tzidon and Menachem Folk. It recently won the Frost & Sullivan award for entrepreneurial company of the year in the market of military training and simulation, an award that reflected Frost & Sullivan's recognition of the potential of BVR's EVA solution.
The company makes flight simulators and training and debriefing systems. It has a market cap of $22 million. The company's products are sold to the armed forces of many countries, including the US, Israel, India, South Korea, and in Europe.
Copyright (c) 2007, Globes, Tel Aviv, Israel
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-------------------- The difference between genius and stupidity is that genius has its limits
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