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VASO (.082)Reports Second Quarter Fiscal 2007 Financial Results Business Wire - January 16, 2007 4:05 PM (EDT)
WESTBURY, N.Y., Jan 16, 2007 (BUSINESS WIRE) -- VASOmedical, Inc. (OTC BB: VASO), a leader in the noninvasive treatment and management of cardiovascular diseases, today announced financial results for the three and six months ended November 30, 2006.
Total revenues were $1,523,000 in the second quarter of fiscal 2007, compared with total revenues of $2,680,000 in the second quarter of fiscal 2006. Revenues from equipment sales declined approximately 67% to $575,000 in the second quarter of fiscal 2007 compared to $1,734,000 in the same period last year. Equipment rentals and services were $948,000 in the three months ended November 30, 2006, up less than 1% from $946,000 for the same period in the previous year. The Company recorded a net loss attributable to common shareholders of $369,000 or $0.00 per common share during the three months ended November 30, 2006, compared to a loss of $8,682,000 or $0.15 per common share during the three months ended November 30, 2005. The decrease in the net loss per share is due to a $7,103,000 income tax valuation reserve recorded in November 30, 2005 for the remaining value of the deferred tax asset.
Thomas Glover, president and chief executive officer of VASOmedical, commented, "Our service and consumable revenues continue to reflect the high level of service, support and education that we provide to our customer base. We are disappointed in EECP(R) system sales, which we believe continue to be adversely impacted by the use of invasive techniques. We are committed to working diligently with leading physicians in the cardiology community to achieve a broader understanding of the therapy's many benefits and with CMS (Centers for Medicare and Medicaid Services) to expand reimbursement coverage for patients not already covered under the existing guidelines."
Mr. Glover continued, "We are also continuing efforts to preserve cash, limiting expenditures in areas including clinical research, product development, as well as sales and marketing, and controlling our costs to be better aligned with near-term sales. These limited expense and investment levels, while necessary, have restricted our ability to advance the adoption of EECP therapy in the medical market place."
For the first six months of fiscal 2007, total revenues were $3,605,000, compared with $6,217,000 for the first six months of fiscal 2006. The net loss attributable to common shareholders for the six months ended November 30, 2006, was $908,000, or $.01 a share, compared with a net loss of $10,380,000, or $0.18 per share, for the six months ended November 30, 2005. The decrease in net loss per share is due to a $7,112,000 income tax valuation reserve in November 30, 2005 for the remaining value of the deferred tax asset.
As of November 30, 2006, the Company had cash, cash equivalents, and certificates of deposit balances of $1,442,000 compared with $2,386,000 as of May 31, 2006 and working capital as of November 30, 2006 of $1,933,000 compared with $2,868,000 as of May 31, 2006.
About VASOmedical, Inc. and EECP(R) Therapy
VASOmedical, Inc. develops, manufactures and markets EECP(R) therapy systems to deliver its proprietary form of enhanced external counterpulsation therapy. EECP(R) therapy is a noninvasive, outpatient therapy used in the treatment of ischemic cardiovascular diseases, currently used to manage chronic stable angina and heart failure. The therapy increases blood flow and oxygen supply to the heart muscle and other organs and decreases the heart's workload and need for oxygen. Function of the endothelium, the inner lining of blood vessels throughout the body, is also improved, lessening resistance to blood flow. These actions reduce or eliminate symptoms of angina and heart failure, and improve exercise performance and quality of life for thousands of people worldwide. For more information visit www.VASOmedical.com.
Except for historical information contained in this release, the matters discussed are forward-looking statements that involve risks and uncertainties. When used in this report, words such as "anticipated", "believes", "could", "estimates", "expects", "may", "plans", "potential" and "intends" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the risk factors reported from time to time in the Company's SEC reports, including the ability of the Company to continue as a going concern. The Company undertakes no obligation to update forward-looking statements as a result of future events or developments.
VASOmedical, Inc. and Subsidiaries
CONSOLIDATED CONDENSED BALANCE SHEETS (in thousands, except per share amounts)
November 30, May 31, 2006 2006 ------------ ------------ ASSETS (unaudited) (Derived from audited financial statements) CURRENT ASSETS Cash and cash equivalents $1,442 $2,386 Accounts receivable, net of an allowance for doubtful accounts of $365 at November 30, 2006, and $411 at May 31, 2006 807 843 Inventories, net 2,333 2,700 Other current assets 266 108 ------------ ------------ Total current assets 4,848 6,037
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $2,708 at November 30, 2006, and $2,613 at May 31, 2006 1,407 1,569 OTHER ASSETS 292 306 ------------ ------------ $6,547 $7,912 ============ ============
LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses $767 $938 Current maturities of long-term debt and notes payable 161 97 Sales tax payable 142 173 Deferred revenue 1,500 1,601 Accrued director and executive compensation 85 175 Accrued warranty and customer support expenses 27 30 Accrued professional fees 71 62 Accrued commissions 162 93 ------------ ------------ Total current liabilities 2,915 3,169
Common stock, $.001 par value; 110,000,000 shares authorized; 65,198,592 shares at November 30, 2006, and May 31, 2006, issued and outstanding 65 65 Additional paid-in capital 46,152 46,149 Accumulated deficit (43,955) (43,048) ------------ ------------ Total stockholders' equity 2,262 3,166 ------------ ------------ $6,547 $7,912 ============ ============
VASOmedical, Inc. and Subsidiaries
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (unaudited)
Six Months Ended Three Months Ended November 30, November 30, ----------------------- ----------------------- 2006 2005 2006 2005 ----------- ----------- ----------- ----------- Revenues Equipment sales $1,648 $4,192 $575 $1,734 Equipment rentals and services 1,957 2,025 948 946 ----------- ----------- ----------- ----------- Total revenues 3,605 6,217 1,523 2,680
Cost of Sales and Services Cost of sales, equipment 909 1,857 299 825 Cost of equipment rentals and services 772 664 417 273 ----------- ----------- ----------- ----------- Total cost of sales and services 1,681 2,521 716 1,098
Operating Expenses Selling, general and administrative 2,357 4,918 1,033 2,508 Research and development 469 1,116 141 604 Provision for doubtful accounts (4) 71 (5) -- ----------- ----------- ----------- ----------- Total operating expenses 2,822 6,105 1,169 3,112
----------- ----------- ----------- ----------- LOSS FROM OPERATIONS (898) (2,409) (362) (1,530)
Other Income (Expense) Interest and financing costs (37) (45) (18) (21) Interest and other income, net 35 41 15 21 ----------- ----------- ----------- ----------- Total other income (expense) (2) (4) (3) --
----------- ----------- ----------- ----------- LOSS BEFORE INCOME TAXES (900) (2,413) (365) (1,530) Income tax expense, net (8) (7,112) (4) (7,103) ----------- ----------- ----------- ----------- NET LOSS (908) (9,525) (369) (8,633) Preferred Stock Dividend -- (855) -- (49) ----------- ----------- ----------- ----------- NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $(908) $(10,380) $(369) $(8,682) =========== =========== =========== ===========
Net loss per common share - basic $(0.01) $(0.18) $(0.00) $(0.15) =========== =========== =========== =========== - diluted $(0.01) $(0.18) $(0.00) $(0.15) =========== =========== =========== ===========
Weighted average common shares outstanding - basic 65,198,592 59,031,491 65,198,592 59,421,050 =========== =========== =========== =========== - diluted 65,198,592 59,031,491 65,198,592 59,421,050 =========== =========== =========== =========== REVENUES BY GEOGRAPHIC REGION United States business $2,957 $5,822 $1,293 $2,590 Non-domestic business 648 395 230 90 ----------- ----------- ----------- ----------- $3,605 $6,217 $1,523 $2,680 =========== =========== =========== ===========
SOURCE: VASOmedical, Inc.
VASOmedical, Inc. Thomas Glover, President and CEO 516-997-4600 or Thomas Varricchione, Vice President Clinical, Marketing, Regulatory and Quality Affairs 516-997-4600 or Investor Relations: 516-997-4600 ext. 790 investorrelations*VASOmedical.com
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NWGN (.79) Signs Definitive Agreement to Acquire Appalachian Oil Company with over $400 Million Revenue and over 200 Locations for Wholesale & Retail Distribution of ReFuel America's Premium BioFuels
Business Wire "US Press Releases "
CHARLOTTE, N.C.--(BUSINESS WIRE)--
NewGen Technologies, Inc. ("NewGen") (OTCBB: NWGN) today announced the execution of a definitive agreement to acquire Appalachian Oil Company ("APPCO"), one of the largest wholesale and retail distributors of petroleum products in the Southeast United States.
Continuing on its mission to become the leading global fully-integrated manufacturer and distributor of premium biofuels, NewGen subsidiary ReFuel America, with fuel terminals in North Carolina, South Carolina and Georgia, will gain additional biofuel distribution to a large existing customer base at over 200 locations.
In addition to now giving NewGen over $400 million in revenue and a solid management team, the APPCO acquisition gives ReFuel the ability to deliver premium biofuels (biodiesel and ethanol blends) to local customers in 6 states.
About APPCO
-- Appalachian Oil Company (www.goappco.com), founded in 1923, operates from its offices in Tennessee and Virginia, selling to wholesale and retail customers in Tennessee, Kentucky, Virginia, West Virginia, North Carolina and South Carolina.
-- APPCO's branded products include Exxon (www.exxon.com), BP (www.bp.com), Marathon (www.marathon.com), Sunoco, (www.sunoco.com), Citgo, (www.citgo.com) and their own "APPCO" brand.
-- APPCO operates 58 company-owned gas station convenience stores and supplies petroleum products to over 160 other independent dealers.
-- In the twelve-month period ended September 30, 2006, APPCO had revenue of over $400 million, distribution of over 225 million gallons of fuel products with over 500 employees.
-- APPCO buys fuel products directly from secure pipelines originating at the refineries of the major oil companies and independent refiners.
-- APPCO buys ethanol in bulk from regional manufacturers and blends it with its hydrocarbon petroleum products.
-- Given the convergence of its direct fuel buying, multiple distribution locations and diverse product mix, APPCO achieves higher profit margins and enjoys competitive advantages in the markets it serves.
The agreement provides for the acquisition by NewGen of all of APPCO's stock for an undisclosed purchase price. The completion of the acquisition is subject to customary closing conditions, including completion of satisfactory legal and financial due diligence and the completion of an audit of APPCO's financial statements.
NewGen is currently finalizing the terms of its financing arrangements for the APPCO acquisition. Subject to the satisfaction of the closing conditions described above, the acquisition is expected to be completed in the first quarter of 2007.
"NewGen is delighted with this acquisition as there is a tight synergistic fit, including strong management, reflecting a solid value for our shareholders and providing ReFuel America with much greater scale for fuel distribution. Our previous terminal acquisitions began to achieve these goals, and the APPCO acquisition will greatly advance these objectives," said Bruce Wunner, NewGen's Vice-Chairman and CEO. "As we continue to implement our Fields to Wheels mission, we are looking to explore similar strategic opportunities as they become available."
"APPCO's management team has been very successful and will continue working with us to build the APPCO and ReFuel America division. We will exploit opportunities to use the enhanced fuel performance expertise of NewGen to expand product lines and revenue through APPCO's established distribution channels," said Michael F. D'Onofrio, NewGen's Chief Operating Officer. "We are very excited by these developments and are looking forward to completing the integration of our teams and distribution strategies with biofuels - which are in high demand."
About NewGen Technologies, Inc.
NewGen's mission is to be a leading global fully-integrated manufacturer and distributor of premium biofuels and hydrocarbon blends that are intended to dramatically reduce the environmental and economic impact of world petroleum use. NewGen believes that it has developed the cleanest burning and highest performing fuels in the world by utilizing its own technology that allows for more complete combustion.
The vision of NewGen and ReFuel America, NewGen's wholly-owned U.S. subsidiary, is a world less dependent on oil, using secure, renewable, homegrown fuels which better preserve our most important resources - the air we breathe and water we drink.
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 of NWGN 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.
Source: NewGen Technologies, Inc.
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UDTA (.0138) Name Change and Reverse Stock Split
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 01/16/07 -- Ultradata Systems, Inc. (OTCBB: UDTA) (the "Company") announced today that, effective Friday, January 17, 2007, the Company will change its name to "China Huaren Organic Products, Inc." and begin trading under its new symbol (OTCBB: CHRN). In addition, the Company announced a 1:39 reverse split of its outstanding common shares and an increase in the number of authorized shares of common stock from 50,000,000 shares, par value $0.01 to 100,000,000 shares, $0.01 par value. The reverse split and the increase in authorized shares will become effective at the close of business on January 16, 2007. All three actions were approved by the Board of Directors and the majority shareholders of the Company, and disclosed in the Company's information statement previously mailed to the shareholders.
China Organic Health Products, Inc., through its 100%-owned subsidiary, Jilin Huaren Organic Health Products Co., Ltd, is engaged in the research and development, production, and sale of organic foods and healthcare products in the People's Republic of China. Jilin Huaren obtained its organic farming certificate and organic food label from the Organic Food Development Center (OFDC) of China in 2004. It markets its products through a network of 90 distributors and 140 specialty stores that provide logistical support and training to salons, supermarkets, and retail outlets.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Contact: Peter D. Zhou 212-232-0120 x228
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CCCN (.13)Newest Acquisition Includes Proven Producing Gas Reserves, Providing Immediate Revenue for Company
Today City Capital Corporation (OTCBB: CCCN) announced the final consummation of its acquisition of the petroleum and natural gas assets of Dallas-based Montreal Beneficial, Inc., a group with over 100 years experience in oil and gas operations. Closing date is set for February 1, 2007. Goshen Energy, Inc., a Nevada corporation, was created for this transaction, the timing of which was delayed until after the Company had withdrawn from status as a Business Development Company. "Goshen" will engage in the buying, selling & drilling of oil & gas properties in South Louisiana, and mineral leases in the Northern portion of the Ft. Worth Basin Barnett Shale Play.
Through this acquisition, Goshen owns 100 percent working interest in a West Delta gas producing offshore platform in Louisiana.
Ephren Taylor, CEO and Director of City Capital Corporation (OTCBB: CCCN), said, "This is not a 'seek and find' acquisition; this is a proven, producing well with substantial reserves. Our company is focused on leveraging investments, holdings and other assets to build value for investors and shareholders, while creating positive changes in communities nationwide. Based on worldwide economics and energy supplies, the energy marketplace should continue to increase in demand and value." Taylor recently signed a $50,000,000 equity line agreement with Rochester-based Lucien Group, allowing the company to focus more on growth industry acquisitions such as Montreal Beneficial.
Mr. Taylor is the youngest African American CEO of any public company in history. Taylor gives much of the credit for City Capital's success to his "Expert Teams" concept, which forms the backbone of the company's successful programs.
Harvey Lynch, General Manager for Goshen, echoed this, "We've put together a really impressive 'Expert Team' by any standard: Montreal Beneficial brings over 100 years-plus expertise in oil and natural gas. This is truly a winning combination." Mr. Lynch himself has some 30 years experience in oil & gas industry capital management, as well as operational management.
Montreal Beneficial President & CEO Terry Wilson added, "City Capital had a vision and a clear plan that impressed us. When you can couple the financial and management strength of a City Capital, with the Goshen Team's extensive oil and gas industry knowledge, we are better positioned than many companies to take full advantage of current and future energy needs."
Montreal Beneficial, Inc., together with its wholly owned subsidiary Matador Energy, LLC, was formed in September of 2000 to acquire existing oil and gas properties in South Louisiana and mineral leases in the Northern portion of the Ft. Worth Basin Barnett Shale Play.
City Capital Corporation (OTCBB: CCCN) is engaged in leveraging investments, holdings and other assets to create self-sufficiency for communities around the country and the world. City Capital currently manages diverse assets and holdings including real estate developments, such as the Kansas City (Missouri) Historic Jazz District redevelopment; buying, selling & drilling of oil & gas properties, and more.
This release contains "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties, including those described in the Company's annual report on Form 10-K for the year ended December 31, 2005, that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. The Company's plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, its ability to consummate, and the timing of, acquisitions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate. The Company makes no undertaking to update such forward-looking statements.
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BDGR (.20) Releases Un-Audited Financials to Pink Sheets
PR Newswire "US Press Releases "
OIL CITY, La., Jan. 16 /PRNewswire-FirstCall/ -- Black Dragon Resource Companies, Inc. (OTC Pink Sheets: BDGR), announced today that the Company is filing un-audited Financial results for the periods ending December 31, 2005 and September 30, 2006 with Pink Sheets.com which should allow the company to once again to be fully quoted on the Pink Sheets.com web site.
The Company continues to work on the audits and once the Company has met all of audit filing requirements, the Company intends to immediately file a 15C-211 and become a fully reporting and trading company. We have included for your information the draft financial statements as Exhibit 1 and Exhibit 2.
In commenting on Black Dragon's future, Rick Michael said, "We appreciate the loyalty expressed by our many stockholders over the years and intend to maintain open channels as to fully inform them of our progress. We look forward to some very exciting developments and accomplishments in the coming months."
About Black Dragon:
Black Dragon Resource Companies, Inc. is an oil and gas Production Company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company's focus on mature, domestic oil fields eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market where larger independent and major oil companies are not positioned to compete.
The statements in this press release regarding any implied or perceived benefits from existing oil and gas field properties, actual reserves and revenues to be derived from the reserves, plans to drill additional oil and gas wells, anticipated revenues, the acquisition of additional oil or gas leases, maintaining mineral lease rights, and any other effects resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, and any other difficulties related to producing minerals such as oil or gas, continued maintenance of the oil field and properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth.
Forward-Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
EXHIBIT 1
Black Dragon Resource Companies, Inc. (A Development Stage Company) 12/31/05 & 9/30/2006 Statement of Operations (Unaudited)
Unaudited Unaudited Twelve Months Nine Months Ended Ended 12/31/05 9/30/06 Revenue: Oil Sales (net) $636,472 1,493,097 Gas Sales (net) 38,379 29,395 Other 55,000 0 Total Revenue (Net) 729,851 1,522,492
Cost of Goods Sold Lease Operating Expense 506,519 756,942
Gross Profit 223,332 765,550
Expense General & Administrative Expense 258,647 738,638
Operating Income (EBITDA) (35,315) 26,912
Other (Income)/Expense Interest (Income)/Expense 104,459 139,062 Amortization & Depletion 217,539 375,260 Total Other (Income)/Expense 321,998 514,322
Net Profit/(Loss) $(357,313) (487,410)
EXHIBIT 2 Black Dragon Resource Companies, Inc. (A Development Stage Company) 12/31/05 & 9/30/2006 Balance Sheet
Unaudited Unaudited Twelve Months Nine Months Ended Ended 12/31/05 9/30/06 Assets Cash $20,394 260 Accounts Receivable (trade) 127,232 137,263 Accounts Receivable (other) 176,554 0 Total Current Assets 324,180 137,524
Fixed Assets Land And Bldgs 450,235 450,235 Leasehold Interests 9,889,866 14,544,036 Depletion & Amortization (217,539) (592,799) Net Fixed Assets 10,122,562 14,401,472
Other Assets 1,168,188 970,061
Total Assets $11,614,930 15,509,057
Liabilities and Stockholders' Equity Short Term Notes Payable * 6% $300,000 0 Short Term Notes Payable * 13% 0 100,000 Accounts Payable 253,734 1,015,357 Contingent liabilities 0 770,000 Deferred Revenue 0 15,000 Accrued Expenses 30,000 102,500 Total Current Liabilities 583,734 2,002,857
Long Term Liabilities Notes Payable 4,944,361 6,553,942 (a) Total Long Term Liabilities 4,944,361 6,553,942
Shareholders Equity Common Stock 21,398 58,293 Preferred Stock 4,344,651 4,344,651 Additional Paid in Capital 2,179,467 3,495,404 Retained Earnings (458,680) (946,090) Total Equity 6,086,836 6,952,258
Total Liabilities and Stockholder's Equity $11,614,930 15,509,057
a) includes 15 year 10% note in the amount of $2.4 mil for Caddo Lake Property
SOURCE Black Dragon Resource Companies, Inc.
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MDKM (.27) Breakthrough Technology: EnviroFuels, LLC, (25% Owned by MDEChem, Inc. Symbol MDKM.PK) Solves Three Major Problems Caused by Ultra Low Sulfur Diesel Fuel
Business Wire "US Press Releases "
HOUSTON--(BUSINESS WIRE)--
With the wide introduction of ULSD fuel into diesel engines several operational problems have become apparent: insufficient lubricity (resulting in premature injector and pump failures); reduced energy content resulting in less power; and degraded thermal stabiliity resulting in faster fuel degradation.
EnviroFuels, LLC patented, engineered Diesel Fuel Catalyzer (DFC) product gives positive benefits to ULSD on all three problem areas, enhancing the values of ULSD treated with EnviroFuels DFC from below ASTM Standards for ULSD to above the ASTM standards for ULSD.
As ULSD proliferates into the commercial diesel engine market, owners can solve the operational and safety problems with the use of DFC in all their ULSD fuels. Not only will DFC solve the problems posed by ULSD, but give the owner/operator significant savings in fuel costs, less down time, and reduced engine maintenance costs. The ROI to the operator begins with the first use of DFC which continues as its use proliferates throughout his fleet of diesel engines. A win/win/win situation. The environment is cleaner, and the customer experiences significant savings in fuel and maintenance costs.
MDEChem, Inc. (MDKM.PK) currently owns 25% of EnviroFuels, LLC and has a 10% interest in EnviroFuels LLC net profits for technology transfer fees. www.mdechem.comNEWSRELEASES.
NOTE: Safe Harbor Statements may contain "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. This announcement may contain "forward-looking" statements. Although we believe that the statements contained herein are reasonable, no assurance can be guaranteed as to their accuracy, authenticity or prove correct. Always consult an Investment Advisor prior to investing.
Source: MDEChem, Inc.
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BDGR (.20) Announces Profitable Sale of Caddo Lake Property
PR Newswire "US Press Releases "
OIL CITY, La., Jan. 16 /PRNewswire-FirstCall/ -- Black Dragon Resource Companies, Inc. (OTC Pink Sheets: BDGR), announced today that it has executed an agreement for the sale of the Caddo Lake shallow rights. On December 13, 2006 the Board of Directors unanimously resolved to approve the sale and received approval of the transaction via a consent approval of the majority of the outstanding shares.
Management is pleased with the results of this sale as it has improved the Company's economic position, realizing $1.1 million in cash and elimination of a $2.4 million liability. Barry McFarland, the interim CFO of Black Dragon stated "analysis of the higher costs and operating complexities associated with drilling and maintaining the lake properties indicated that at this time, the Company is better served by focusing on the land based operations. The opportunity to move this asset at a significant profit also contributed to the decision to go forward with this transaction." The Company showed a net gain on the sale of approximately $640K. The proceeds are allowing for the payment of additional short term debt and the redirection of capital to areas with more immediate potential returns. The company is now proceeding with an aggressive drilling program in Hosston and Pine Island.
About Black Dragon:
Black Dragon Resource Companies, Inc. is an oil and gas Production Company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company's focus on mature, domestic oil fields eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market where larger independent and major oil companies are not positioned to compete.
The statements in this press release regarding any implied or perceived benefits from existing oil and gas field properties, actual reserves and revenues to be derived from the reserves, plans to drill additional oil and gas wells, anticipated revenues, the acquisition of additional oil or gas leases, maintaining mineral lease rights, and any other effects resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, and any other difficulties related to producing minerals such as oil or gas, continued maintenance of the oil field and properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth.
Forward-Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE Black Dragon Resource Companies, Inc.
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GETC (.145) Releases Audited Annual Report with $2.9 Million in Net Income and Assets of $7.2 Million
PrimeZone "PrimeZone "
BOCA RATON, Fla., Jan. 16, 2007 (PRIME NEWSWIRE) -- Genesis Technology Group, Inc. (OTCBB:GTEC) released its Annual Report for fiscal year 2006, the 10-KSB filing, as audited by Sherb & Company of New York. The Company revealed net income of $2.9 million and assets of $7.2 million, making the year its most successful in history. This equates to net income of $0.03 per common share, fully diluted.
Mr. Adam Wasserman, who has served as the Genesis Chief Financial Officer since October 2001, reported: "The financial condition of the Company continues to show progress. For the year ended September 30, 2006, we reported net income of $2,909,606 or $0.03 per common share, compared to a net loss of $(3,726,929) or $(0.06) per common share for the year ended September 30, 2005, a positive increase of $6,636,535.
"As of September 30, 2006, the Company's total assets amounted to $7,231,773, compared to $1,719,042 on September 30, 2005. Our total operating expenses decreased by $1,066,815 compared to the previous 12 months of operation. Furthermore, through the sale of marketable securities that the Company had previously received for services rendered, our cash and trading marketable securities totaled $1,194,175 on September 30, 2006," concluded Mr. Wasserman.
Mr. Gary L. Wolfson, Chief Executive Office, added: "Management embarked on a difficult task over two years ago to revamp and revitalize our Company. It required hard decisions and decisive action, and we believe the results are starting to be realized. We have assembled teams in the U.S. and China that maintain the highest levels of professionalism and possess the skills to capitalize on the challenges and opportunities uniquely provided by the Chinese economy. Can Genesis sustain such profitability and growth? That is the real challenge. The 'Year of the Golden Pig' graces the Chinese calendar only once every 60 years, and starting New Year's Day, February 18, 2007, we will see if that anticipated period of great prosperity includes Genesis."
About Genesis Technology Group, Inc.
Genesis Technology Group, Inc. ("Genesis" or "Genesis China") is a business development and marketing firm that specializes in advising and providing a turn key solution for Chinese small and mid-sized companies entering Western markets. We dedicate our expertise and capital resources to expand the potential of Chinese partner companies. We provide the marketing strategy, counsel, and plans to support our clients' business, financial, or marketing goals. We work closely with top management to define their strategy and business model to develop effective tactics to support business development. Our business mission is to create substantial, incremental stockholder value for emerging growth companies by executing strategy-driven programs that professionally incubate and mature Chinese companies and prepare them for Western markets. For more information, visit 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.
CONTACT: Genesis Technology Group, Inc. Kenneth L. Clinton, President (561) 988-9880 Fax: (561) 988-9890 info*Genesis-China.net
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BUGS (.0056) Reports 2006 Financial Results U.S. Microbics, Inc. (OTCBB:BUGS) today announced audited financial results for fiscal year 2006 ended September 30, 2006.
BUGS CEO Robert Brehm commented, "FY 2006 was a transition year for BUGS and its environmental clean-up subsidiary, Sub-Surface Waste Management of Delaware, Inc., (OTCBB:SSWM) as we closed down U.S. projects in favor of developing new, long-term environmental infrastructure projects in Mexico after experiencing good profit margins on our Torreon project and excellent response of government officials to our patented technology for soil and groundwater cleanup. Although revenues for 2006 were down from 2005, our existing $2.4MM of in-progress contracts and another $6.5MM in projects scheduled to start in 2007 indicate the shift to projects in Mexico was timely and a good strategic move for the company. As 2007 results start to be reported, I believe our shareholders will begin to see the significant future we have with our neighbors to the south."
Brehm continued, "Last fiscal year was also a turning point for BUGS as we were able to start using debt and working capital lines for project cash flow needs rather than rely solely on equity financing to cover overhead. As we continue to receive new contracts in 2007, we will pursue the use of bridge and working capital financing and conventional project financing coupled with Mexico state and federal guarantees thus reducing our dependency on equity financing. As projects grow larger in scope and magnitude, we are finding capital sources more interested in utilizing project financing for the environmental infrastructure projects we are developing in Mexico with the help of government leaders intent on attracting foreign investment, stimulating their local economies and creating more jobs in a new environmental industry."
Results of Operations
Year Ended September 30, 2006 Compared to Year Ended September 30, 2005:
The Company had revenues of $514,384 for fiscal year ended September 30, 2006 compared with revenues of $1,199,334 during the fiscal year ended September 30, 2005. This represents a decrease in revenue for 2006 from 2005 of 57%.
During fiscal year ended 2006, the Company had decreased revenues, primarily due to the discontinuation of several jobs by its subsidiary, Sub Surface Waste Management. In addition, the Company has been in pursuit of further developing its business operations in Mexico. The Company had gross profit during fiscal years ended 2006 and 2005 of $40,590 and $429,765 respectively. The gross profit for 2006 decreased by 90% from fiscal 2005 primarily due to the write off of costs and estimated profits associated with the closure of the five active projects in South Carolina.
Selling, general and administrative ("SG&A") expenses for fiscal year ended 2006 totaled $3,903,629 compared to $3,707,426 in fiscal year ended 2005. SG&A expenses increased in the fiscal year 2006, 5.3% over SG&A expenses in 2005. SG&A expenses consisted of accounting, legal, consulting, public relations, subsidiary startup and organization and fund raising expenses. SG&A expenses also included non-cash charges from the issuance of stock in the amounts of $762,531 for fiscal year 2006 and $1,101,820 for fiscal year ended 2005, a year-to-year decrease of $339,289.
Interest expense for fiscal year ended 2006 was $67,989 compared to $133,198 for fiscal year 2005. The decrease in interest expense of $65,209 was due primarily to a decrease in outstanding notes payable.
As a result of the above-mentioned expenses, the net loss for fiscal 2006 was $3,539,190 compared to $2,997,661 for fiscal year ended 2005. This represents an increase in the net loss for 2006 over 2005 of $541,529 or a 18% decrease. Net loss per share decreased to $0.011 in fiscal year ended 2006 from a net loss per share of $0.017 in fiscal year ended 2005. The decrease in the net loss per share was due to the increase in weighted average common shares outstanding to 311,072,079 as of September 30, 2006 from 173,078,669 as of September 30, 2005.
There was no provision for income taxes in either fiscal year ended 2006 or fiscal year ended 2005 due to the net operating loss carry forwards from prior years, and the likelihood that the Company would be able to utilize these net operating losses in the future.
Liquidity and Capital Resources
Cash and cash equivalents totaled $341,678 on September 30, 2006, compared to $108,498 for the prior fiscal year ended September 30, 2005. During the fiscal year ended 2006, net cash used by operating activities totaled $2,128,991 compared to $1,946,996 for the fiscal year ended 2005. Operating activities included payments for accounting, legal fees and professional services.
Net cash provided by financing activities for fiscal year ended 2006 totaled $2,383,629 compared to $2,041,206 for the prior fiscal year. In 2006 funds were raised by issuing stock under the Employee Stock Option Plan of $1,297,801 by the Company, as well as $446,003 by a subsidiary. This is compared to the fiscal year 2005, in which funds were raised by issuing stock under the Employee Stock Option Plan of $596,000 by the Company, and $526,926 by a subsidiary. Additional funds of $345,000 were also provided by drawing from a $500,000 line of credit with Pilgrim Bank.
On September 9, 2006, SSWM entered into a $500,000 line of credit agreement with Pilgrim Bank maturing on September 9, 2007. The line of credit agreement is partially collateralized by stock of SSWM and a pledged certificate of deposit held as collateral by one of the Company's affiliates. The line of credit has a fixed rate of interest of 7% per annum. As of September 30, 2006, the balance outstanding was $345,000.
To obtain this line of credit, a finance fee of 3,000,000 shares of SSWM restricted common stock was issued to an affiliate at discount of $0.032 per share. This resulted in a finance fee of $96,000 which is being amortized over the 12 month term of the debt. During the year ended September 30, 2006, SSWM amortized $5,523 of this amount to interest expense.
Net cash used by investing activities during fiscal year ended 2006 totaled $21,458 primarily from the purchase of property and equipment for operations in Mexico. In fiscal 2005 the company had net cash used by investing activities of $62,458 primarily from the purchase of property and equipment.
Net working capital (current assets less current liabilities) was a negative $1,651,309 as of September 30, 2006 and negative $1,381,177 as of September 30, 2005. Working capital decreased by $270,132 or 19.5% from fiscal 2006 to 2005. The Company had a balance due on its payroll taxes deposits as of September 30, 2006 of approximately $204,735.
The Company needs to continue to raise funds through various financings to maintain its operations until such time as cash generated by operations is sufficient to meet its operating and capital requirements. The Company had no long-term debt as of September 30, 2006, as well as none at September 30, 2005.
Total shareholders' deficit increased to $7,586,257 during fiscal year ended 2006 from $6,450,519 for fiscal year ended 2005, or an increase of $1,135,738. The increase was the result of a net loss of approximately $3,539,190 less increases resulting from issuance of common stock and stock options under the employee stock option plan of $1,526,779, issuance of common stock in settlement of accrued expenses of $319,363, and issuance of common stock to consultants for services of $183,000
A consolidated financial recap of results for FY 2006, 2005 and 2004 are shown in the following table:
SG & A 5% $3,903,629 759% Depn 0% $59,575 12% Total operating 5% $3,963,204 770%
Loss from Operations 18% -$3,922,614 -763%
Other Income/expense Interest Income -58% $849 0% Interest Expense -49% -$67,989 -13% Loss on Sale of Assets Realized Gain on Sale of Security $113,455 22% Total other -135% $46,315 9%
Net Loss Before Taxes and Discontinued Operations 12% -$3,876,299 -754%
Minority Interest in Earnings of Consolidated Subsidiaries -28% $337,109 66%
Net Loss Before Income taxes 18% -$3,539,190 -688%
Income Tax Expenses
Net Loss 18% -$3,539,190 -688%
Net Loss Per Common Share (Basic and Diluted) -34% -0.011 Weighted Average Shares Outstanding 311,072,079
Balance Sheet Current Assets 0% $547,087 Fixed Assets 5% $152,614 Other Assets -58% $30,310 Total Assets -5% $730,011
Current Liabilities 14% $2,198,396 Long Term Liabilities $0 Total Liabilities 14% $2,198,396
Minority Interest 14% $6,021,372 Total Stockholders Equity 16% -$7,586,257 Total Liabilities and Stockholder Equity -5% $730,011
SG & A $3,707,426 309% $4,937,649 1178% Depn $59,659 5% $45,692 11% Total operating $3,767,085 314% $4,983,341 1188%
Loss from Operations -$3,337,320 -278% -$4,842,472 -1155%
Other Income/expense Interest Income $2,010 0% $3,580 1% Interest Expense -$133,198 -11% -$169,361 -40% Loss on Sale of Assets Realized Gain on Sale of Security $7,063 Total other -$131,188 -11% -$158,718 -38%
Net Loss Before Taxes and Discontinued Operations -$3,468,508 -289% -$5,001,190 -1193%
Minority Interest in Earnings of Consolidated Subsidiaries $470,847 39% $960,144 229%
Net Loss Before Income taxes -$2,997,661 -250% -$4,041,046 -964%
Income Tax Expenses $0 $0
Net Loss -$2,997,661 -250% -$4,041,046 -964%
Net Loss Per Common Share (Basic and Diluted) -0.017 -0.031 Weighted Average Shares Outstanding 173,078,669 128,711,681
Balance Sheet Current Assets $549,641 $504,514 Fixed Assets $145,153 $180,401 Other Assets $72,373 $23,844 Total Assets $767,167 $708,759
Current Liabilities $1,930,818 $2,114,203 Long Term Liabilities $0 $0 Total Liabilities $1,930,818 $2,114,203
Minority Interest $5,286,868 $3,818,391 Total Stockholders Equity -$6,450,519 -$5,223,835 Total Liabilities and Stockholder Equity $767,167 $708,759
Net Working Capital -$1,381,177 -$1,609,689
The consolidated financial data above has been derived from the Company's Financial Statements for the periods ending 2004, 2005 and 2006 as shown. For the full financial report and additional information and a discussion of risk factors, please see the BUGS current 10Q & past 10K reports at www.sec.gov.
About U.S. Microbics Inc.
U.S. Microbics is a business development and holding company that acquires, develops and deploys innovative environmental technologies for environmental cleanup and agriculture yield enhancement using local resources and stimulating regional economies in developing nations.
For more information on the company, contact Robert Brehm at 760-918-1860 x102 or visit the website at www.bugsatwork.com.
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the company's Form 10-KSB and other publicly available information regarding the company on file with the Securities and Exchange Commission. The company will provide you with copies of this information upon request.
U.S. Microbics, Inc. Robert Brehm, 760-918-1860, x102
Source: Business Wire (January 16, 2007 - 6:56 PM EST)
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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SNTX (.085) Signs MoU with XyLog Group of Companies to Support Future Sales of Sentex Mobile Products in Asia
CLEVELAND, Jan. 16, 2007 (PRIME NEWSWIRE) -- Sentex Sensing Technologies, Inc. (OTCBB:SNTX) (http://www.sentextech.com), Henrik Rubinstein, President signed a Memorandum of Understanding to acquire the XyLog group of companies of Malaysia. This acquisition when completed, will support the future sale of Biometrics driven Sentex Mobile products in the following Asian countries:
Afghanistan, Indonesia, Malaysia, India, Singapore, Taiwan, U.A.E., Hong Kong
XyLog has committed prospective sales of 80 Million biometric mobile devices over the next 5 years along with the required infrastructure. The contracted countries' population exceeds 1,371,000,000 people. These countries have huge security needs as well the upcoming infrastructure needs for IP driven WLAN phones, an exclusivity for the XyLog group. XyLog will market the complete Sentex product line.
Henrik Rubinstein stated, "We agreed to an exchange of shares for 100% of XyLog" to move Sentex products strategically into this strong security market.
Sentex Sensing Technologies, Inc. is also actively bidding for BenQ Mobile, the $2 Billion former Siemens Mobile Division, which recently filed insolvency and is under administration of Prager Insolvency Administration Team Munich, Germany.
About Sentex Sensing Technologies Inc.
Sentex Sensing Technologies, Inc. is a multimodal biometric technology company. Sentex provides fingerprint, facial and voice biometric technologies, as well as systems, and critical system components that empower the identification of individuals in large-scale ID and ID management programs.
About XyLog Group of Companies
XyLog Group of Companies was formed in 1992 from the staff of the Software development group of an international accounting and consulting organization. The Company consists of a Software and Hardware Business Application Development team involved in a variety of financial application development efforts. XyLog has successfully developed and commercialized packaged software in the financial industry and provides computerization solutions and services to Fortune clients in the Far East. The strong involvement in new technologies as well upcoming telecommunication projects drove their distribution network via Asia Pacific markets. The Company's primary and most popular product offering is the Award Winning Unit Trust/Mutual Fund Management System -- HORIZON Suite -- designed to address the requirements of Mutual Fund management companies, insurance and institutional agents. XyLog's sister products include Treasury System for both the institutional and corporate sectors, Portfolio and Asset Management System.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sentex, and members of its management as well as the assumptions on which such statements are based, updated or revised forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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PYPR (.0016) to begin Syndication and Development of a $100,000,000 16th Century Pirate City and Theme Park PANAMERSA Corporation/PayPro, Inc. (Pink Sheets:PYPR) to begin syndication and development of a mega-tourist project Port SAE La Fortaleza in February.
Port SAE La Fortaleza is a mega-tourist project within the industry category of "Theme Park" where all the components are located within a PENTAPOLIS, a five borough theme city including seaport and marina built in accord to a colonial styled theme of the XVI century; where, residents or visitors can feel and enjoy the sensation of living in unforgettable days of the era of fortress cities totally inspired and built in natural surroundings, mute witnesses of the History of Pirates.
Mike Terrell, CEO of Panamersa Corporation, made the following statement: "I am excited about this world-class Pirate Theme Park on the ocean. It will be an adventure we have all dreamed of and it will take place where it really happened years ago. It will be a place everyone in the region can be truly proud."
Port SAE Productions S.A. is an operating company of Fundacion PayPro. Beginning in February, the Fundacion will offer ownership opportunities in this project in the form of PDRs.
About PANAMERSA Corporation/PayPro Incorporated:
PANAMERSA Corporation/PayPro Incorporated (PYPR) is a holding company for a group of business enterprises which promotes the commercial integration of Latin America into the economic development of the Western Hemisphere, and is engaged in global e-commerce and e-biz Solutions offering interactive e-commerce and e-biz programs. PANAMERSA Corporation/PayPro offers a range of goods and services ON LINE as follows:
Prepaid Debit cards; e-commerce merchant accounts; Life insurance policies, Gold transactions; Telephony services, Text messaging, VoIP, Micro forests properties, Real estate investment participations, Fixed and variable income Real estate properties in Costa Rica and Panama, Offshore financial services, Asset management and protection; Travel services, Leisure, Business, Health, Relocation services, and Digital marketing services.
Forward-Looking Statements are not historical facts as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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AVVW (.0044) Reports Second Quarter Results
LUMBY, British Columbia, Jan. 16 /PRNewswire-FirstCall/ -- avVaa World Health Care Products, Inc. (OTC Bulletin Board: AVVW), a biotech company offering global customers therapeutic skin and health care products, is pleased to announce it has filed its SEC form 10-QSB quarterly report containing financial and operating results for the three months ended November 30, 2006.
For the second quarter of FY07, avVaa reports a loss for the three months ended November 30, 2006 of $1,277,363 ($0.02 per share) as compared to a loss of $832,573 reported for the comparable three months ended November 30, 2005 ($0.02 per share).
avVaa World Health Care Products Interim CEO Darrell Stevens said, 'As we remain committed to the potential of our unique skin and health care lines for today's consumers, we are pleased with the initial results of research and sales and marketing campaigns.'
Stevens continued, 'In the coming months, we will continue to target effective distribution and sales campaigns, coupled with on-going research and development in support of avVaa 's primary and secondary care products.'
This press release briefly summarizes only certain portions of the Company's Quarterly Report on Form 10-QSB for the three months ended for November 30, 2006, and readers should review the entire report filed with the SEC, available at www.sec.gov.
About avVaa World Health Care Products
avVaa World Health Care Products (OTC-BB: AVVW) is a global biotechnology company that specializes in effective, therapeutic human skin care and animal care products that improve quality of life and well being for consumers. avVaa's patented European skin care formulas are scientifically registered, FDA-Compliant, and were developed to relieve and treat the symptoms of dermatitis, psoriasis and acne. avVaa is poised to manufacture and market its OTC NEUROSKIN line of skin care products through mass, food and drug channels in the United States and globally.
The Company's second generation of its unique, high-quality therapeutic skin care products includes a comprehensive line of Animal Care products designed to capture share of the $44 billion+ worldwide animal care and products market. avVaa sells its quality Animal Care products through partnerships with established distributors and retailers in both Canada and the United States.
For additional information on avVaa, contact Jack Farley CEO / Chairman, at 1-866-772-8822 or visit: www.avvaa.com or www.otcfn.com/avvw.
CONTACT: Investor Relations, Merle Goertz (West Coast) of avVaa WorldHealth Care Products, 1-604-688-2349; or Rick McCaffrey of OTC Financial Network, 1-781-444-6100 ext. 625.
Statements contained in this press release that are not based upon current or historical fact are forward looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties, and events that may be beyond the control of AVVAA World Health Care Products, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include but are not limited to the ability to procure, properly price, retain, and successfully complete projects, the availability of technical personnel, changes in technology, and competition.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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DENVER, CO -- (MARKET WIRE) -- 01/16/07 -- At close of business Tuesday, DC Brands International, Inc. (PINKSHEETS: DCBI) announced their new Turn Left and the original Dickens Cider products are experiencing very good sales numbers under the new pricing structure. "Despite the holidays and the brutally cold weather here in Denver, we have experienced very respectable reorders and new orders for both product lines," said the company's VP of Sales Richard Muscarella. "We understand that many of our shareholders feel like the silence has been deafening. However, earlier this fall our president Richard Pearce publicly announced that after last year's recall and distributor problems, we would be holding our news until we reestablished our sales channel with our new products and pricing schedule and would communicate in the context of historical fact only. In my personal opinion, I would like to say to those who have been concerned over the lack of communication that your patience will be well rewarded. The company is stronger now than it has ever been. Additionally, we would love to announce the names and quantities of several national major accounts we are working with right now. However, we have learned our lesson from the past of announcing things prematurely and we must stick to our guns and wait until several reorders are placed and the relationships with those retailers are rock solid. I look for a significant, across the board, increase in sales and a drastic increase in the share price and investor confidence in the months ahead."
For more information on the company, visit their web site at DickensEnergyCider.com
Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by DC Brands International with the Securities and Exchange Commission, including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of DC Brands International as of the date of this release. DC Brands International and its managers and agents undertake no obligation to publicly update any forward-looking statements.
Primary Contact: Keith Howard 303-279-3800
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Eternal Image Completes Tooling Process for American Kennel Club Licensed Funeral Urns Business Wire - January 17, 2007 09:00 Product will ship early, beginning March 1
(.0012)
FARMINGTON HILLS, Mich., Jan 17, 2007 (BUSINESS WIRE) -- Eternal Image, Inc. (OTC:ETIM.PK), a public company engaged in the design, manufacturing and marketing of licensed image caskets and urns, today announced the early completion of the tooling process for the manufacturing of its coming line of American Kennel Club (AKC) pet urns.
"We are pleased to announce that production of the urns has already begun and that shipment will begin on or about March 1," said Donna Shatter, vice president of operations for Eternal Image. "Our production and design team worked overtime to make this early launch possible because pre-orders through the AKC and Cherrybrook have been strong and interest in the product has been high."
The early production has also been managed through the presence of an Eternal Image manufacturing engineer assuring production quality on site at the plant in China. The launch had originally been scheduled for the end of March.
The urns feature the AKC logo embossed on the metal casing. The lid of the urn includes a photo of the animal and a gold nameplate is mounted on the front. The top half of the urn is finished in burnished copper and gold while the base has the appearance of a deep rich wood.
Urns can be ordered through the American Kennel Club (www.akc.org) and Cherrybrook (www.Cherrybrook.com) websites.
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball(R), Precious Moments(TM) and the Vatican Library Collection(TM), as well as pet urns featuring the American Kennel Club(TM). For more information about EI, visit www.EternalImage.net or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news 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 1993 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: Eternal Image, Inc.
Investor Relations Contact: Cambridge Investor Relations Tony Fazio, 781-214-9038 or Media Relations: a.s.a.p.r.
Posts: 359 | From: Minneapolis, MN | Registered: Mar 2006
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PYPR .0016 Letter from Pedro Borges Fiol, MBA. President, (MMVII) PANAMERSA Following a detailed review of our progress and recent events, the PANAMERSA group of companies is to be re-organized under a newly created entity:
Pan America Sociedad Anonima (MMVII) PANAMERSA
Effective 17th January 2007, Pan America Sociedad Anonima (MMVII) PANAMERSA, a Panamanian Corporation, will become the operating unit for all PANAMERSA legal entities, united in the common goal of promoting for profit the commercial integration of Latin America into the economic development of Pan America (the Western Hemisphere) and the rest of the world, while protecting our Forests, Flora, Fauna & Water resources. The share structure of the new Corporation comprises two types of shares each denominated in Balboas (the currency of Panama): 100 Million Balboas (total) common voting shares and 100 Million Balboas (total) Series A non-voting Preference shares.
From a Central office in the World Trade Centre in Panama City, (MMVII) PANAMERSA, will be responsible for the overall guidance and direction of the four operating and marketing regions that make up the Sovereign Republics of Pan America, namely:
AMERICA I: Cuba & The Caribbean. AMERICA II: Canada, United States of North America & Mexico. AMERICA III: Guatemala, Belice, Honduras, El Salvador, Nicaragua, Costa Rica & Panama. AMERICA IV: Venezuela, Brasil, Argentina, Bolivia, Uruguay, Paraguay, Chile, Peru, Ecuador, Colombia.
PANAMERSA Corporation, the US Public Company with Corporate offices in Dallas, Texas, USA, will continue to represent (MMVII) PANAMERSA in the AMERICA II region. As our public face and operating unit in the major capital market of the world, this company will continue its progress towards BB status en route to a listing on NASDAQ. Under a private contact, PANAMERSA Corporation acquired 30% of the common shares of (MMVII) PANAMERSA to safeguard the revenue sources of the USA Company and the interests of its shareholders and to ensure it's participation in our future growth. Mr. Micheal Scott Terrell will remain the President & C.E.O. of this Company.
Information on the entities representing the other regions will be provided at a later date.
The Board of Directors of Pan America Sociedad Anonima (MMVII) PANAMERSA is as follows:
Director President: Pedro Borges Fiol Director Assistant to President: Adrian Gonzalez Castro Director Vice-President Executive: Rodney Adam Omanoff
D Vice-President Regional AMERICA I: Julia Ibarra Seas D. Vice-President Regional AMERICA II: Micheal Scott Terrell D. Vice-President Regional AMERICA III: Manuel Gonzalez-Puron D. Vice-President Regional AMERICA IV: Hector Bolivar Aleman Estevez
Director Secretary: Abel E. Camps Bello Director Treasurer: Antonio Murillo Cambrione Director Fiscal: Bernal Murillo Vargas
The Board of Directors remains fully committed to our Shareholders, our PDR holders and our Associates. We will do everything within our reach to meet their expectations of future financial growth and to protect their investment portfolios with PANAMERSA.
Finally, through a simple change of name, Fundacion PayPro has become Fundacion Pan America.
I thank you all for your continued interest and support.
Sincerely,
Pedro Borges Fiol, MBA
About our US public company:
PANAMERSA Corporation is a US public company representing Pan America Sociedad Anonima (MMVII) PANAMERSA business enterprises that assist & promote the commercial integration of Latin America into the economic development of Pan America (the Western Hemisphere), while protecting our Forests, Flora, Fauna & Water resources. The company is also engaged in global e-commerce and e-biz Solutions; providing interactive e-commerce and e-biz programs, on line at: www.panamersa.com; and www.panamersa.net; and a free email service for members of IHUB (www.investorshub.com) and other qualified persons.
The information contained herein may include or be based on forward-looking statements. Such statements represent management's forecasts, assumptions or expectations of future events. Forward-looking statements are not based on historical fact nor are they guarantees of future performance or results. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are made in good faith but are subject to risks and uncertainties beyond the Company's reasonable control which could cause the results of operations to differ materially from those provided in these statements. All forward-looking statements relate only to the date of this document. The Company does not undertake to update or publicly release revisions to forward-looking statements as assumptions and expectations change after the release of this document.
PANAMERSA Corporation Mike Terrell, 214-774-4870
Posts: 731 | From: OHIO | Registered: Jan 2006
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Universal Express Inc. (OTCBB: USXP), announced today that three of its subsidiaries, Luggage Express Found, Universal Jet and Luggage Express have reported extraordinary earnings growth numbers prior to its formal quarterly report.
"Luggage Express Found reports its monthly revenues have increased 80% and its January 2007 revenues are increasing 90% over its January 2006 revenues. Its overall profitability has increased 50%," said Mariano Guerrero, General Manager of Luggage Express Found.
"Universal Jet has increased its monthly revenues from $655,000 to $1,000,000, an increase of approximately 40%," said Michael McCauley, President of Universal Jet.
"Luggage Express remarkably has increased its monthly sales 100% but its profitability has increased 1582%. Yes, that's one thousand five hundred and eighty two percent," said Sabine Wehder, Director of Luggage Express Customer Service.
Pending our quarterly report, and as our subsidiaries grow and our fundamentals improve; Universal Express and its financial partners poise for 2007 to be a year for our shareholders to observe our growth and corporate maturation," concluded Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
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.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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MYNG (.0088) Receives Environmental Permits to Expand C Zone Pilot Gold Operations
Business Wire "US Press Releases "
SALT LAKE CITY--(BUSINESS WIRE)--
Golden Eagle International, Inc. (OTCBB:MYNG) announced today that it has received its environmental permits from the Bolivian government for expanding its pilot operations on the C Zone gold mineralization on its properties in eastern Bolivia. This will allow the Company to further develop it bulk sampling program with the goal of confirming its previous six-month exploration phase and moving toward full-scale operations based on final feasibility and financing.
Golden Eagle also announced that despite heavy rains that have struck eastern Bolivia during the past 30-day period, its pilot operations at the C Zone have not been significantly affected. Torrential downpours that occur during Bolivia's rainy season from December to March each year, which substantially impacted the Company's operations during years past in western Bolivia in steeper, mountainous terrain, do not have the same crippling impact on its operations in the flatter, more favorable topography of eastern Bolivia.
Eagle E-mail Alerts: If you are interested in receiving Eagle E-mail Alerts, please e-mail the Company at: eaglealert*geii.com.
Golden Eagle International, Inc. is a gold and copper exploration and mining company headquartered in Salt Lake City, Utah and with offices in Santa Cruz, Bolivia. The Company is currently focusing its efforts on developing its mining rights on its Buen Futuro gold and copper project, as well as its gold project on the B & C Zones, within its 136,500 acres (213 square miles) in eastern Bolivia's Precambrian Shield.
The Company highly recommends that you review its disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found at its Web site: www.geii.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND RISKS
Some of the statements in this press release are forward-looking statements and are based on an assumed set of economic conditions and courses of action, including: (a) whether Golden Eagle' will be able to obtain sufficient financing to continue to meet its operational goals; (b) estimates of mineral reserves and future production levels; (c) expectations regarding estimated mine production costs taking into account higher petroleum prices, expected trends in mineral prices, and statements that describe Golden Eagle's future plans, objectives or goals; (d) uncertainties that result from actions that may be taken in Bolivia relative to increases in the Complementary Mining Tax, Corporate Income Tax or the amount paid for mining patents (claims fees) in the future; e) uncertainties that result from social and political conditions in Bolivia; and f) other risk factors and matters disclosed in Golden Eagle's Securities and Exchange Commission ("SEC") filings which may be accessed at www.sec.gov. There is a significant risk that actual material results will vary from projected results depending on such factors as changes in general economic, social and political conditions in Bolivia and financial markets; changes in gold and copper prices; technological and operational hazards in Golden Eagle's mining and mine development activities; uncertainties inherent in the calculation of mineral reserves, mineral resources and metal recoveries; the timing and availability of financing; governmental and other approvals, and other risk factors listed from time-to-time in Golden Eagle's Form 10-K and its other reports filed with the SEC. The mining projects in Bolivia described in this release, and related evaluations, or in our other disclosures, should not be construed by any means as an indication of the present or future value of the Company or its common stock. Additionally, our plans with respect to the Buen Futuro A Zone gold and copper project, or the B & C Zone gold project, should not be construed by any means as an indication of whether we will ever conduct successful mining operations in connection with those projects. Golden Eagle disclaims any responsibility to update forward-looking statements made herein.
Source: Golden Eagle International, Inc.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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ATWT (.0024) Announces Installation of Kiddie Systems Products by the Richlonn's Automotive Care Group
Market Wire "US Press Releases "
MEMPHIS, TN -- (MARKET WIRE) -- 01/17/07 -- ATWEC Technologies (PINKSHEETS: ATWT) announced today the successful completion of Kiddie Systems installation training for Richlonn's Tire & Service Centers.
Richlonn's technicians in southeast Wisconsin installed Kiddie Systems products on the vehicles of West Bend Insurance customers, who are offered discounted policies for the installation. The Dec. 15, 2006 training session was a necessary prerequisite to the sale and installation of ATWEC products by Richlonn's franchises. Five Milwaukee franchise locations, owned by Dick & Brett Matschke, are the first to offer ATWEC's child-protective products.
West Bend customers throughout the seven Midwest states will be encouraged to have Kiddie Systems products installed at similar franchise locations by properly trained technicians. Customer traffic for additional car service needs is expected to increase as well. The ATWEC-West Bend partnership therefore provides an incentive to additional franchises to create an alliance with ATWEC.
About ATWEC Technologies:
ATWEC Technologies, Inc. designs safety products for the transportation industry with a focus on child protection. Its signature Kiddie Systems products prevent child back-over accidents and accidental child abandonment on school and daycare vehicles. Visit the company's Web site: www.atwec.com.
NOTE: Certain statements made in this press release are forward-looking statements within the scope of the Private Securities Act of 1995. Such statements involve known and unknown risks. Uncertainties and other mitigating factors may influence desired outcomes. Such risks, uncertainties and/or other mitigating factors include but are not limited to new economic conditions, risks associated in product development, market acceptance of new products and continuing product demand, level of competition and other factors both known and unknown as described within this Company's reports and other filings with appropriate regulatory agencies.
Contact: Chris Hoffmann ************, Inc. 949 209-8697 http://www.************inc.com 7451 Warner Ave. Suite E# 342 Huntington Beach, CA 92647 Email Contact
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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CCCN (.159) Signs Letter of Intent to Acquire & Develop Kansas City Subdivision
Market Wire "US Press Releases "
MENDOTA HEIGHTS, MN -- (MARKET WIRE) -- 01/17/07 -- City Capital Corporation (OTCBB: CCCN) today announced that it has signed a preliminary Letter of Intent for the acquisition of PFDC Holdings, LLC, a Kansas Limited Liability Company (hereinafter referred to as "Peregrine Falcon.") The LOI provides that City Capital will issue restricted shares of its common stock to acquire a majority interest in Peregrine Falcon, making it a consolidated subsidiary of the Company.
As part of their agreement with Peregrine Falcon, the city of Kansas City, Kansas (Unified Government of Wyandotte County) provided the land for the new subdivision, and is clearing the land, putting in roads, sewage, utilities, etc. City Capital anticipates completing the first 20 homes within 12 months.
City Capital CEO Ephren Taylor said, "Peregrine Falcon is a perfect example of our focus on creating our own 'market within a market.' It's in an ideal location, located just 5 minutes north of downtown. It's an area ripe for development with upscale homes at affordable prices... 'affordable luxury.' City Capital has already secured a $900,000 bond to complete the development, marketing, and presales of Phase I. In fact, we already have pre-qualified buyers for several of the homes. All we're waiting on is final approval to start building."
The pre-marketing and sales initiatives have already been implemented to introduce buyers to the new development. The average home price is projected to be between $165,000 - $185,000, for a total of approximately $17 million in Phase I. In keeping with the company's philosophy, this is lower and more affordable than many of the recently built homes in the area, and well within the price range the market is currently supporting.
Hughes Development Company, Inc. is a property developer, management and consulting firm located in Kansas City, Kansas for over 40 years. President and CEO Robert Hughes served as Past President of the National Society of Real Estate Appraisers, and Past Chairman of the National Association of Real Estate Brokers. The company has been involved in major real estate development across seven states. "We are excited about the possibilities of joining Hughes' heritage and experience with that of City Capital and Ephren Taylor. Mr. Taylor brings an enthusiasm and vision to urban development that has too often been lacking in the past. In addition, we believe City Capital's financial strength will allow us to accelerate the Peregrine Falcon development, and complete these affordable homes ahead of schedule. Everyone in Kansas City will benefit from Peregrine Falcon," said Mr. Hughes.
Peregrine Falcon is in the process having its financial statements audited by independent auditors, and the foregoing figures are subject to adjustment. Consummation of the transaction is subject to several significant conditions, including the completion of due diligence reviews of the business and financial condition of each party by the other, and the negotiation and execution of a definitive agreement containing additional terms and conditions acceptable to both parties and their legal counsel. No assurances can be given that a definitive agreement will be entered into or that the proposed transaction will be completed. Shareholders and others are reminded that a letter of intent only has been signed and that consummation of the transaction is subject to several conditions, and are urged not to base any decision with respect to the purchase or sale of City Capital stock on rumor or speculation.
About City Capital
City Capital Corporation (OTCBB: CCCN) is engaged in leveraging investments, holdings and other assets to create self-sufficiency for communities around the country and the world. City Capital currently manages diverse assets and holdings including real estate developments, such as the Kansas City (Missouri) Historic Jazz District redevelopment; buying, selling & drilling of oil & gas properties, and more.
This release contains "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties, including those described in the Company's annual report on Form 10-K for the year ended December 31, 2005, that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. The Company's plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, its ability to consummate, and the timing of, acquisitions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate. The Company makes no undertaking to update such forward-looking statements.
Contact: City Capital Corporation www.citycapitalcorp.net IR*citycapitalcorp.net 877-367-1463
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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USXP (.003) Announces Advertising Partners NEW YORK--(BUSINESS WIRE)--Universal Express Inc. (OTCBB: USXP), subsidiary Luggage Express has agreed to advertise in both the NHL’s All Star Game and the Sundance Film Festival. Details will follow in each venue.
“Our Luggage Express service has continued its growth and its branding efforts. We are pleased to be able to add these widely viewed events into our long term campaign,” stated Richard Altomare, Chairman and CEO of Universal Express, Inc.
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.
Contacts Investor Relations: Universal Express, Inc. Mark Falk, 561-367-6177 publicrelations*usxp.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Produce Safety & Security International, Inc. Reconfigures Revenue Producing Operations Wednesday January 17, 3:46 pm ET
PRESCOTT, Ariz., Jan. 17, 2007 (PRIME NEWSWIRE) -- Produce Safety & Security International, Inc. (Other OTC:PDSC.PK - News) announced today the restructuring of the company to acclimate the company's spending and redirect profitability for fiscal 2007. ADVERTISEMENT
Produce Safety & Security International removed eight non-revenue producing employees, two advisors and three of the company's consultants in order to readjust the monthly budget by $162,575.00 per month for an annual savings of $1,950,900.00.
This reduction of non revenue producing personnel has provided Produce Safety & Security International Inc. the ability to reconfigure the company's revenue producing operations for Texas, Arizona and Florida.
About Produce Safety & Security International, Inc. (PDSC)
PDSC has developed and patented products for extending the shelf life of perishables. The EPA-registered products sanitize and disinfect against food-borne illness pathogens and disease-causing bacteria. PDSC provides a range of options for retail stores, restaurants, cruise ship lines, disaster cleanups and municipal programs. Furthermore, the process incorporates a complete audit trail, an essential component for complying with government regulations in the USA, Canada and Mexico.
PDSC's state-of-the-art ozone process has been shown to extend shelf life and remove food borne illness bacteria. This process will provide retail produce departments reduced shrinkage, increase the bottom line and provide a fresher product for the consumer. The customer will be assured of a safe food product, by use of this process, which may be used on organic produce to remove the pathogens. This process uses no chemicals thus meeting the requirements of organic certification.
Posts: 1101 | From: Georgia | Registered: Apr 2006
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